Core Viewpoint - The company, 易点天下, has announced the approval of a proposal to initiate the process for issuing H-shares and listing on the Hong Kong Stock Exchange [2] Group 1 - The fifth meeting of the company's fifth board of directors has reviewed and approved the proposal [2] - The management is authorized to start preparations for the overseas issuance of shares [2] - The listing will take place on the Hong Kong Stock Exchange [2]

Group 1: Major Transactions - Bohai Chemical is planning to sell 100% equity of Tianjin Bohai Petrochemical and acquire control of Anhui Taida New Materials through a combination of share issuance and cash payment, leading to a significant asset restructuring [1] - Zhongneng Electric is set to acquire 65% equity and debt from three companies, which may constitute a major asset restructuring but will not involve share issuance or change in control [4] - Hai Tai Development has decided to terminate the acquisition of controlling interest in Zhixueyun Technology due to disagreements on key terms, ensuring no adverse impact on normal business operations [5] Group 2: Performance Updates - Wen's shares reported a sales revenue of 3.324 billion yuan from meat chickens in November, marking a year-on-year increase of 10.18% [6] - Shuguang shares saw a 71.07% year-on-year increase in vehicle sales, totaling 207 units in November [6] - Muyuan shares experienced a decline in sales revenue from commodity pigs, reporting 9.39 billion yuan, a decrease of 20.43% year-on-year [6] - Pengding Holdings reported a 5.58% year-on-year decrease in consolidated revenue for November [6] Group 3: Industry Developments - Xiangxi Dairy reported a 6.3% month-on-month increase in fresh milk production in November, although it saw a year-on-year decline of 6.47% [7] - Baisheng Intelligent plans to acquire 51% equity in Zhongke Shengu, which focuses on the research and application of core technologies for embodied intelligent robots [7]

Core Viewpoint - The company, 易点天下, has initiated preparations for an H-share listing to enhance its international strategy, overseas financing capabilities, governance, and core competitiveness [1] Group 1: H-Share Listing and Strategic Goals - The board of 易点天下 has authorized management to start the preparatory work for H-share listing, with a timeframe of 12 months from the board's approval [1] - The purpose of the H-share listing is to advance the company's international strategy and improve its overseas financing capabilities [1] Group 2: Business Performance and Client Base - 易点天下 has successfully assisted over 10,000 enterprises in achieving global business growth, covering various sectors such as cross-border e-commerce, gaming, and high-end manufacturing [1] - The company has achieved over 800 million commercial effect conversions, covering more than 7 billion independent devices across 220+ countries and regions [2] - In the first half of the year, revenue from e-commerce clients reached 544 million yuan, a year-on-year increase of 102.22%, accounting for 31.34% of total revenue [2] Group 3: Financial Results and AI Integration - For the first three quarters, 易点天下 reported revenue of 2.717 billion yuan, a year-on-year growth of 54.94%, and a net profit of 204 million yuan, up 4.41% [3] - The increase in revenue is attributed to strong performance in the programmatic advertising sector and rapid development of AI-enabled services [3] - The company has developed an AI product matrix focusing on marketing applications, including products like KreadoAI and AdsGo.ai, and aims to continue leveraging AI for commercial applications in marketing and content [3]

Core Viewpoint - The company, 易点天下 (301171.SZ), is initiating preparations for an H-share listing to enhance its international financing capabilities and improve corporate governance and competitiveness, supporting its high-quality development [1] Group 1 - The board of directors has authorized the management to start the preparatory work for the H-share listing [1] - The authorization period is set for 12 months from the date of the board's approval [1] - The move is part of the company's strategy to advance its internationalization and global layout [1]

Core Viewpoint - The company, 易点天下 (301171.SZ), is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its internationalization strategy and global presence [1] Group 1: Internationalization Strategy - The company aims to advance its internationalization strategy and global layout [1] - The issuance of H-shares is part of the company's efforts to strengthen its overseas financing capabilities [1] Group 2: Corporate Governance and Competitiveness - The initiative is intended to improve the company's governance standards and core competitiveness [1] - The move is aligned with the company's overall development strategy and operational needs [1] Group 3: H-share Listing Preparation - The board of directors has authorized the management to initiate the preparatory work for the H-share listing [1] - The authorization period is set for 12 months from the date of board approval [1]

Group 1 - The company, 易点天下 (301171.SZ), announced plans to issue shares overseas (H-shares) and list on the Hong Kong Stock Exchange to enhance its internationalization strategy and global presence [1] - The objective of this move is to improve the company's overseas financing capabilities, governance standards, and core competitiveness, contributing to high-quality development [1] - The company's board of directors has authorized the management to initiate the preparatory work for the H-share listing, with an authorization period of 12 months from the date of board approval [1]

证券代码：301171 证券简称：易点天下 公告编号：2025-087 易点天下网络科技股份有限公司 第五届董事会第六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为持续推进公司国际化战略和全球化布局，增强公司的境外融资能力，进一 步提升公司治理水平和核心竞争力，助力公司高质量发展，根据公司总体发展战 略及运营需要，公司拟在境外发行股份（H 股）并在香港联合交易所有限公司上 市，公司董事会授权公司管理层启动本次 H 股上市的前期筹备工作，授权期限 为自董事会审议通过之日起 12 个月内。 一、董事会会议召开情况 易点天下网络科技股份有限公司（以下简称"公司"）第五届董事会第六次会 议的通知于 2025 年 12 月 2 日以书面和电子邮件等方式发出，并于 2025 年 12 月 5 日在公司会议室以现场与通讯相结合的方式召开。本次会议应出席董事 9 人，实际 出席董事 9 人，本次会议由董事长邹小武先生主持，公司高级管理人员列席了会议。 会议召开符合法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 二、董事会会议审议情况 1、审议通 ...

Core Insights - On December 4, Yidian Tianxia's stock fell by 2.40%, with a trading volume of 1.664 billion yuan [1] - As of November 20, the number of shareholders increased to 54,300, a rise of 12.74% [2] - For the period from January to September 2025, Yidian Tianxia reported a revenue of 2.717 billion yuan, a year-on-year increase of 54.94% [2] Financing and Margin Trading - On December 4, Yidian Tianxia had a financing buy-in of 167 million yuan and a net financing outflow of 30.44 million yuan [1] - The total margin trading balance reached 1.011 billion yuan, accounting for 5.83% of the circulating market value, indicating a high level compared to the past year [1] - The company had a margin balance of 3.0823 million yuan with a remaining short position of 84,100 shares, also at a high level compared to the past year [1] Shareholder and Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 4.5805 million shares [3] - The average number of circulating shares per shareholder decreased by 11.30% to 6,875 shares [2] - New institutional shareholders included Nuoan Active Return Mixed A, while several others exited the top ten list [3] Dividend Distribution - Yidian Tianxia has distributed a total of 147 million yuan in dividends since its A-share listing [3]

Core Viewpoint - Epoint Technology's stock has experienced fluctuations, with a recent decline of 2.05% and a total market capitalization of 17.356 billion yuan, despite a year-to-date increase of 31.01% [1] Company Overview - Epoint Technology, established on April 6, 2005, and listed on August 19, 2022, is based in Xi'an, Shaanxi Province. The company specializes in performance advertising services, brand advertising services, and management of top media accounts. The revenue composition is as follows: performance advertising marketing services 96.62%, advertising agency services 2.89%, and others 0.49% [1][2] Financial Performance - For the period from January to September 2025, Epoint Technology achieved a revenue of 2.717 billion yuan, representing a year-on-year growth of 54.94%. The net profit attributable to shareholders was 204 million yuan, with a year-on-year increase of 4.41% [2] Stock Performance and Trading Activity - As of December 4, Epoint Technology's stock price was 36.78 yuan per share, with a trading volume of 1.075 billion yuan and a turnover rate of 7.69%. The stock has seen a net outflow of 87.9513 million yuan in principal funds, with significant buying and selling activity [1] - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on November 24, where it recorded a net buy of -325 million yuan [1] Shareholder Information - As of November 20, the number of shareholders increased to 54,300, a rise of 12.74%. The average circulating shares per person decreased by 11.30% to 6,875 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 4.5805 million shares, and new entrant Noan Active Return Mixed A [3]

Group 1 - Kuaishou concept stock declined by 3.56%, ranking among the top losers in the concept sector, with notable declines in Xinhua Du, Xuanya International, and Zhejiang Wenlian [1] - The concept sector saw a net outflow of 3.016 billion yuan, with 42 stocks experiencing net outflows, and 7 stocks seeing outflows exceeding 100 million yuan [1] - The stock with the highest net outflow was BlueFocus, with a net outflow of 707.5 million yuan, followed by Yidian Tianxia, Vision China, and Liou Shares [1] Group 2 - The top gainers in the concept sector included Cultivated Diamonds with a gain of 2.72%, while several other sectors also experienced declines, such as MLOps and Web3.0 [1] - The net inflow of funds was observed in stocks like Simi Media, Lishang Guochao, and Century Hengtong, with net inflows of 19.65 million yuan, 5.27 million yuan, and 4.05 million yuan respectively [3] - The overall market sentiment reflected a significant outflow of funds from the Kuaishou concept, indicating potential investor concerns [1][3]