Group 1 - The core point of the article is that Qingmu Technology (301110) announced a plan for its controlling shareholder, Lv Bin, and his concerted party, Ningbo Yunyi Investment Partnership (Limited Partnership), to reduce their shareholding in the company by up to 277.6 million shares, which represents 3% of the total share capital [1] Group 2 - The controlling shareholder and actual controller, Lv Bin, along with Ningbo Yunyi Investment Partnership, currently hold a total of 28.245 million shares, accounting for 30.52% of the company's total share capital [1] - The planned reduction of shares will take place within three months after a period of fifteen trading days [1]

Group 1 - The core point of the news is that Qingmu Technology plans to reduce its shareholding by up to 278,000 shares, which represents 3% of the total share capital, within three months after a 15-day period from the announcement date [1] - The controlling shareholder, Mr. Lü Bin, and his concerted party, Ningbo Yunyi Investment Partnership, hold approximately 28.24 million shares, accounting for 30.52% of the total share capital [1] - Qingmu Technology's revenue composition for the year 2024 is entirely from the e-commerce service industry, with a 100% contribution [1] Group 2 - As of the report, Qingmu Technology has a market capitalization of 6.4 billion yuan [2]

证券代码：301110 证券简称：青木科技 公告编号：2025-058 二、本次减持计划的主要内容 1、本次拟减持的原因：股东资金需求。 2、本次拟减持的股份来源：公司首次公开发行股票前已发行的股份或因权 益分派转增的股份。 特别提示： 青木科技股份有限公司（以下简称"青木科技"或"公司"）控股股东、实际 控制人吕斌先生及其一致行动人宁波允宜投资合伙企业（有限合伙）（以下简 称"允宜合伙"）合计持有公司股份 28,245,000 股，占公司总股本的 30.52%，计 划自本公告发布之日起十五个交易日后的三个月内以集中竞价或大宗交易方式 合计减持公司股份不超过 2,776,000 股，占公司总股本的 3.00%。 公司于近日收到控股股东、实际控制人及其一致行动人出具的《股份减持计 划告知函》。现将相关情况公告如下： 公司控股股东、实际控制人吕斌先生及其一致行动人宁波允宜投资合伙企业（有 限合伙）保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载 、误导性陈述或重大遗漏。 3、本次拟减持的股份数量、占公司总股本 ...

Market Overview - On September 26, the internet e-commerce sector declined by 1.17% compared to the previous trading day, with Liren Lizhuang leading the decline [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers included: - Jihong Co., Ltd. (002803) with a closing price of 20.83, up 9.98% and a trading volume of 236,000 shares, totaling 491 million yuan [1] - Xinghui Co., Ltd. (300464) with a closing price of 6.08, up 7.23% and a trading volume of 501,200 shares, totaling 302 million yuan [1] - Major decliners included: - Liren Lizhuang (605136) with a closing price of 10.80, down 5.51% and a trading volume of 311,600 shares, totaling 341 million yuan [2] - Jiyuan Technology (002315) with a closing price of 46.28, down 4.50% and a trading volume of 82,300 shares, totaling 386 million yuan [2] Capital Flow - The internet e-commerce sector experienced a net outflow of 179 million yuan from institutional investors, while retail investors saw a net inflow of 203 million yuan [2] - The capital flow for specific stocks showed: - Jihong Co., Ltd. had a net outflow of 32.91 million yuan from institutional investors [3] - San Tai Co., Ltd. (301558) had a net inflow of 11.11 million yuan from institutional investors [3] - ST Tongpu (600365) had a net inflow of 1.48 million yuan from institutional investors [3]

Core Points - Ampron announced the establishment of its subsidiary in Thailand, AMPRON TECHNOLOGY (THAILAND) CO., LTD., on September 24, 2025, with a registered capital of 230 million Thai Baht [1] - The company aims to build a sensor manufacturing base in Thailand, complying with local investment policies [1] - The ownership structure includes NEXA Sens Technology (Hong Kong) Limited holding 95% and TS MOLYMER COMPANY LIMITED holding 4.9999%, with two Thai individuals holding a combined 0.0001% [1] Company Structure - The registered capital of the Thai subsidiary is 230 million Thai Baht, with shares priced at 10 Thai Baht each [1] - NEXA Sens Technology (Hong Kong) Limited subscribed to 21,850,000 shares, while TS MOLYMER COMPANY LIMITED subscribed to 1,149,980 shares [1] - Two Thai natural persons, Miss Sunan Thongsong and Fs.3 Yoel Saengkhunthod, each subscribed to 10 shares, totaling 20 shares [1] Regulatory Compliance - The establishment of the company required at least two natural persons to jointly initiate the process, which is why the two Thai individuals are involved [1] - There are plans for the two Thai shareholders to transfer their combined 20 shares to TS MOLYMER COMPANY LIMITED, maintaining NEXA Sens Technology's 95% ownership [1]

Core Insights - Company reported a net profit growth of 169.76% year-on-year for the first three quarters of 2024, with a 135.66% increase in net profit for the third quarter [2] Group 1: Financial Performance - The net profit attributable to shareholders for the first three quarters of 2024 reached a significant increase of 169.76% compared to the previous year [2] - The third quarter alone saw a net profit increase of 135.66% year-on-year [2] Group 2: AI and Technology Application - The company has implemented AI agents in data analysis and intelligent customer service systems, enhancing operational efficiency [2] - In data analysis, AI agents are primarily used for automatic report summarization and generation [2] - In customer service, AI agents provide detailed product information, comparison of selling points, and responses to other product inquiries [2] - The company is still in the early stages of applying AI technology and is exploring its potential [2]

Group 1 - The core point of the article highlights the recent performance of Qingmu Technology, which saw a 5.09% increase in stock price, reaching 76.20 yuan per share, with a total market capitalization of 7.051 billion yuan [1] - Qingmu Technology was established on August 5, 2009, and went public on March 11, 2022. The company provides comprehensive e-commerce services for globally recognized brands [1] - The revenue composition of Qingmu Technology includes: 44.93% from e-commerce operation services, 34.83% from brand incubation and management, 14.18% from distribution agency services, 4.05% from technical solutions and consumer operation services, and 2.02% from brand digital marketing services [1] Group 2 - From the perspective of major shareholders, the Xinda Australia Fund has a fund that ranks among the top ten circulating shareholders of Qingmu Technology, with the Xin'ao Youxiang Life Mixed A Fund (017977) newly entering the list in the second quarter, holding 382,400 shares, accounting for 0.79% of circulating shares [2] - The Xin'ao Youxiang Life Mixed A Fund has achieved a year-to-date return of 58.45%, ranking 716 out of 8173 in its category, and a one-year return of 68.52%, ranking 1645 out of 8003 [2] - The fund manager of Xin'ao Youxiang Life Mixed A is Yang Ke, who has a total fund asset scale of 1.445 billion yuan, with the best fund return during his tenure being 55.92% [3] Group 3 - The Xin'ao Youxiang Life Mixed A Fund holds 382,400 shares of Qingmu Technology, which represents 2.8% of the fund's net value, making it the ninth largest holding [4] - The estimated floating profit from this holding is approximately 1.4111 million yuan [4]

Core Insights - The company hosted an investor reception event on September 19, 2023, where key executives addressed investor inquiries regarding business performance and future strategies [1] - The brand incubation business showed significant growth, with revenue of approximately 230 million yuan in the first half of 2025, representing an 86.5% year-on-year increase, and its contribution to overall revenue rose from 22.9% in the first half of 2024 to 34.8% [1] - The company plans to enhance brand building and marketing efforts, expand its team, and diversify sales channels, with future intentions to invest in or acquire more overseas premium brands [1] Revenue and Profit Analysis - The operational business generated approximately 300 million yuan in revenue in the first half of the year, reflecting a 7.2% year-on-year increase, while the brand incubation business revenue was about 230 million yuan, up 86.5% [2] - Net profit decreased by 22% due to increased promotional efforts for incubated brands, a decline in bank deposit interest rates, and reduced investment income from joint ventures, although operational cost changes did not adversely affect the main business [2] - The company aims to strengthen its brand incubation and management business as a key growth driver while continuing to develop its e-commerce operational services [2] Strategic Development - The company is committed to becoming a "data and technology-driven retail service expert," focusing on the application of new technologies like AI to enhance operational efficiency [2] - Future strategies will involve continuous efforts in service categories, e-commerce platforms, and service capability development [2]

证券代码：301110 证券简称：青木科技 青木科技股份有限公司 投资者关系活动记录表 编号：2025-002 （ZUCCARI）是公司孵化管理的自然营养膳食品牌。在 报告期内，公司加大了对品牌建设和营销推广方面的投 入，扩大了品牌孵化管理团队的人员规模，积极扩展线 上和线下的多重销售渠道，并通过品牌直播、达人合作、 线下宣传推广、品牌海外溯源活动等多重营销方式，积 极打造品牌形象。在 2025 年上半年度的报告期内，珂 蔓朵和意卡莉品牌的营业收入分别实现了同比超过70% 和 95%的增长。品牌孵化业务作为公司的第二增长线， 公司会保持对此类业务的资源投入，以期孵化管理品牌 能够迅速开扩销售渠道，在中国市场建立起高质量的品 牌形象。谢谢您的提问，感谢您对青木科技的关注！ 2、25 年年中报营收增长 22%，但净利润下降 22%，这 是什么原因呢？ 尊敬的投资者您好。上半年公司的代运营业务和品 牌孵化业务为公司的收入增长贡献了主要力量。其中， 代运营业务在上半年实现营业收入约 3.0 亿元，同比增 长 7.2%。品牌孵化业务上半年实现营业收入约 2.3 亿 元，同比上涨 86.5%。两类业务的毛利率水平对比去年 ...

国海证券研报指出，青木科技是领先的电商服务商，提供一站式综合电商服务。核心业务电商代运营在 大服饰品类具有优势，近年拓展潮玩方向，Jellycat、泡泡玛特均为其客户；品牌孵化业务增长迅速， 已形成第二增长曲线。同时公司具有领先的AI基础，受益AI＋电商应用落地的降本增效，逐步重构传 统业务模式。预计2025-2027年公司营业收入13.9/17.5/22.1亿元，归母净利润1.0/1.6/2.6亿元，对应PE为 71/45/29X，维持公司"买入"评级。 ...