Group 1 - The company, 易点天下, responded to investor inquiries on October 16, confirming that it has disclosed the status of raised funds in accordance with information disclosure regulations [1] - The use of raised funds has been verified by an accounting firm, and the sponsoring institution is conducting ongoing checks [1] - Detailed information can be found in the special report on raised funds [1]

证券日报网讯易点天下（301171）10月16日在互动平台回答投资者提问时表示，截至2025年9月30日， 公司股东共47507户。 ...

（编辑 王雪儿） 证券日报网讯 易点天下10月16日在互动平台回答投资者提问时表示，公司属于服务贸易范畴，而非实 物商品进出口，因此不直接涉及关税问题。公司服务跨境电商、泛娱乐、工具应用等各类客户出海，其 中跨境电商客户确实存在美国市场的业务，关税对客户美国区域业务可能产生影响，进而影响美国市场 的广告预算，从而间接影响公司业务。但公司早已布局全球多个新兴市场，除美国外，公司业务覆盖东 南亚、欧洲、中东、南美等全球200多个国家地区，可分散中美贸易摩擦带来的区域风险，增加其他区 域业务量。公司坚定看好中国供应链在全球的优势，相信影响是短暂的。公司目前核心更关注如何在动 荡的环境下提高服务客户的能力和快速响应需求的能力，未来无论客户选择在哪个地区投放广告，公司 都能以最快最优的效果和服务帮助客户快速开拓海外市场。 ...

Core Viewpoint - The company emphasizes the importance of managing receivables and has established a comprehensive risk control system to monitor potential risks effectively [1] Group 1: Receivables Management - The company is committed to prudent credit impairment provisioning to safeguard its financial health [1] - Receivables and other receivables are subject to fluctuations based on business development and collection processes [1] - Other receivables mainly involve advertising fees from agency business, which are currently under control due to effective risk management [1] Group 2: Business Cooperation - The company strictly selects partners for business cooperation and enhances supervision of contract performance to minimize risks at every stage [1] - Continuous optimization of receivables management is a priority to ensure asset safety and operational stability [1]

Core Viewpoint - The company emphasizes its commitment to core business and the importance of investors, aiming for steady market value growth and long-term returns through technology development and market expansion strategies [1]. Group 1 - The company acknowledges the significance of investors and intends to maintain focus on its core business [1]. - The company is actively exploring new application areas to enhance its profitability potential [1]. - The company aims to continuously improve enterprise value through solid technology research and market expansion strategies [1].

Core Insights - The advertising and marketing sector experienced a rise of 1.41% on October 15, with Tianxiexiu leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Tianxiexiu (600556) closed at 5.92, with a gain of 5.53% and a trading volume of 2.09 million shares [1] - Zhejiang Wenlian (600986) closed at 8.06, up 4.40%, with a trading volume of 572,100 shares [1] - Zhidu Co. (000676) closed at 9.48, gaining 3.49% with a trading volume of 404,700 shares [1] - Yaowang Technology (002291) closed at 7.14, up 2.00%, with a trading volume of 997,400 shares [1] - Other notable stocks include Diansheng Co. (300805) at 11.20 (+1.73%) and Fushi Holdings (300071) at 4.27 (+1.67%) [1] Capital Flow - The advertising and marketing sector saw a net inflow of 30.79 million yuan from institutional investors, while retail investors contributed a net inflow of 21.80 million yuan [1] - However, there was a net outflow of 52.60 million yuan from speculative funds [1] Detailed Capital Flow by Stock - Tianxiexiu (600556) had a net inflow of 115 million yuan from institutional investors but a net outflow of 11.01 million yuan from speculative funds [2] - Zhejiang Wenlian (600986) experienced a net inflow of 73.25 million yuan from institutional investors, with a net outflow of 36.48 million yuan from speculative funds [2] - Yaowang Technology (002291) had a net inflow of 28.81 million yuan from institutional investors, while speculative funds saw a net outflow of 0.96 million yuan [2]

Market Overview - The Shanghai Composite Index closed at 3869.25 points, with a change of 0.10% [1] - The total trading volume of A-shares reached 1,280.495 billion yuan [1] Technical Analysis - A total of 175 A-shares experienced a death cross between the 5-day and 10-day moving averages [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Yuanjie Technology: 5-day MA down by 2.50% from the 10-day MA [1] - Shanshan Shares: 5-day MA down by 2.32% from the 10-day MA [1] - Zijian Electronics: 5-day MA down by 2.09% from the 10-day MA [1] Individual Stock Performance - Yuanjie Technology (688498): Increased by 3.59% with a trading turnover of 2.90% [1] - Shanshan Shares (600884): Increased by 0.22% with a trading turnover of 3.13% [1] - Zijian Electronics (301121): Decreased by 0.60% with a trading turnover of 3.19% [1] - Other notable stocks include: - WuXi AppTec (603259): Increased by 2.21% [1] - Fabon (300925): Increased by 1.67% [1] Summary of Stocks with Death Cross - Stocks with a death cross and their respective metrics include: - Yuanjie Technology: 5-day MA at 374.57 yuan, 10-day MA at 384.17 yuan [1] - Shanshan Shares: 5-day MA at 14.17 yuan, 10-day MA at 14.51 yuan [1] - Zijian Electronics: 5-day MA at 48.72 yuan, 10-day MA at 49.76 yuan [1] - The latest prices of these stocks are below their 10-day moving averages, indicating potential bearish trends [1]

Core Insights - The advertising and marketing sector experienced a decline of 1.9% on October 13, with Zitian Tui leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Zitian Tui (300280) saw a significant drop of 13.16%, closing at 0.33, with a trading volume of 317,200 shares and a turnover of 11.12 million yuan [2] - Other notable declines included Yidian Tianxia (301171) down 6.14% and Yaowang Technology (002291) down 3.48% [2] - The overall advertising and marketing sector had a net outflow of 402 million yuan from institutional investors, while retail investors saw a net inflow of 514 million yuan [2][3] Fund Flow Analysis - Among individual stocks, Fenzhong Media (002027) had a net inflow of 57.55 million yuan from institutional investors, while it experienced a net outflow of 97.98 million yuan from retail investors [3] - Zitian Tui (300280) had a net outflow of 1.36 million yuan from institutional investors, but a net inflow of 52.40 million yuan from retail investors [3] - The overall trend indicates a shift in investment behavior, with retail investors showing resilience amidst institutional selling [2][3]

Core Viewpoint - 易点天下's stock price decreased by 4.84% on October 10, with a trading volume of 1.08 billion yuan, indicating a potential decline in investor confidence [1] Financing Summary - On October 10, 易点天下 had a financing buy-in amount of 110 million yuan and a financing repayment of 130 million yuan, resulting in a net financing outflow of 19.43 million yuan [1] - The total financing and margin trading balance for 易点天下 reached 652 million yuan, with the financing balance of 649 million yuan accounting for 4.14% of the circulating market value, which is above the 50th percentile over the past year [1] - In terms of margin trading, 易点天下 repaid 7,000 shares and sold 2,300 shares on October 10, with a selling amount of 76,400 yuan, while the margin balance was 2.21 million yuan, exceeding the 80th percentile over the past year [1] Business Performance - For the first half of 2025, 易点天下 reported a revenue of 1.737 billion yuan, representing a year-on-year growth of 59.95%, and a net profit attributable to shareholders of 144 million yuan, up 8.81% year-on-year [2] - The company's main business revenue composition includes 96.62% from performance advertising services, 2.89% from advertising agency services, and 0.49% from other services [1] Shareholder Information - As of August 29, 易点天下 had 57,800 shareholders, a decrease of 8.64% from the previous period, while the average circulating shares per person increased by 9.45% to 6,463 shares [2] - The company has distributed a total of 147 million yuan in dividends since its A-share listing [3] - Among the top ten circulating shareholders, 易方达供给改革混合 (002910) is the fourth largest with 4.665 million shares, while 香港中央结算有限公司 is the fifth largest with 3.436 million shares, having increased its holdings by 1.052 million shares [3]

Core Insights - A total of 80 stocks have received a "buy" rating from institutions, with many companies involved in popular technology sectors such as computing power, artificial intelligence, embodied intelligence, semiconductors, and solid-state batteries [1] - Among these, 18 companies have shown significant performance, with some stocks like Kaipu Cloud, Xinyuan Co., Giant Network, and Xian Dao Intelligent exceeding a 100% increase in their year-to-date stock prices [1] - Four companies, including Giant Network, Huafeng Measurement and Control, Yidian Tianxia, and Xinyuan Co., have been the subject of over a hundred institutional research inquiries this year [1]