Core Viewpoint - The company, Zhiyou Technology, has shown a positive market performance with a 2.63% increase in stock price, reaching a market capitalization of 7.683 billion yuan, driven by its focus on pet products and cross-border e-commerce [1]. Group 1: Business Overview - Zhiyou Technology specializes in the research, design, and sales of home products, with a primary revenue source from cross-border e-commerce retail, accounting for 99.09% of total revenue [7]. - The company has established a differentiated competitive advantage in its logistics system for cross-border e-commerce, with self-operated warehouses in countries like Germany and the USA, enhancing operational efficiency and customer satisfaction [2][3]. - The company's product offerings include a range of pet furniture and home products, as well as outdoor and leisure items, indicating a diverse product portfolio [2]. Group 2: Financial Performance - For the period from January to September 2025, Zhiyou Technology reported a revenue of 6.082 billion yuan, reflecting a year-on-year growth of 6.18%, while the net profit attributable to shareholders decreased by 2.09% to 272 million yuan [8]. - As of September 30, 2025, the company had a total of 10,500 shareholders, with a decrease of 7.59% from the previous period, and an increase in average circulating shares per person by 8.21% [8]. Group 3: Market Trends and Innovations - The company benefits from the depreciation of the RMB, with overseas revenue accounting for 98.88% of total revenue, highlighting its strong international market presence [3]. - Integration of ChatGPT into the company's internal systems is aimed at enhancing marketing efficiency and customer service, indicating a commitment to leveraging technology for operational improvements [3].

Core Viewpoint - The company, Zhiyou Technology, is experiencing growth in its pet product and cross-border e-commerce segments, benefiting from the depreciation of the RMB and the integration of ChatGPT technology into its operations [2][3]. Group 1: Company Overview - Zhiyou Technology, established on January 8, 2010, is located in Zhengzhou, Henan Province, and was listed on June 21, 2023 [7]. - The company's main business involves the research, design, and sales of proprietary home products, with 99.09% of its revenue coming from cross-border e-commerce retail [7]. - As of September 30, the number of shareholders decreased by 7.59% to 10,500, while the average circulating shares per person increased by 8.21% to 18,473 shares [8]. Group 2: Financial Performance - For the period from January to September 2025, Zhiyou Technology achieved a revenue of 6.082 billion yuan, representing a year-on-year growth of 6.18%, while the net profit attributable to the parent company was 272 million yuan, a decrease of 2.09% year-on-year [8]. - The company has distributed a total of 401 million yuan in dividends since its A-share listing [9]. Group 3: Market Position and Strategy - The company has established a differentiated competitive advantage in its cross-border e-commerce logistics system, with self-operated warehouses in countries like Germany and the USA, enhancing operational efficiency and customer satisfaction [2][3]. - The integration of ChatGPT into the company's internal systems is aimed at improving marketing efficiency and customer service, particularly in multilingual support [3]. Group 4: Stock Performance - On January 9, the stock price of Zhiyou Technology increased by 1.09%, with a trading volume of 60.1163 million yuan and a turnover rate of 1.68%, resulting in a total market capitalization of 7.486 billion yuan [1]. - The average trading cost of the stock is 18.96 yuan, with the current price approaching a resistance level of 18.60 yuan, indicating potential for upward movement if this level is surpassed [6].

Core Viewpoint - Zhiou Technology (301376.SZ) experienced a stock price decline of 2.28%, closing at 18.01 yuan on January 7, 2023 [1] Group 1: Company Overview - Zhiou Technology was listed on the Shenzhen Stock Exchange's ChiNext board on June 21, 2023, with an initial public offering (IPO) of 40.15 million shares at a price of 24.66 yuan per share [1] - The total amount raised from the IPO was 990.099 million yuan, with a net amount of 892.0804 million yuan after expenses [1] - The actual net fundraising amount was 593.6851 million yuan less than the originally planned amount [1] Group 2: Fund Utilization - The company initially intended to raise 1.4857655 billion yuan for projects including the construction of a research and design center, expansion of the warehousing and logistics system, establishment of an operational management center in Zhengzhou, and to supplement working capital [1] - The total issuance costs for the IPO amounted to 98.0186 million yuan (excluding VAT), with underwriting fees accounting for 65.6535 million yuan [1]

证券代码：301376 证券简称：致欧科技 公告编号：2026-001 致欧家居科技股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 致欧家居科技股份有限公司（以下简称"公司"）于 2025 年 2 月 10 日召开 第二届董事会第十三次会议、第二届监事会第十一次会议审议，审议通过了《关 于回购公司股份方案的议案》。公司拟使用自有资金及银行回购专项贷款以集中 竞价交易方式回购公司股份（以下简称"本次回购"），用于实施员工持股计划 或股权激励计划。本次回购股份的种类为公司已发行的人民币普通股（A 股）。 本次回购的资金总额不低于人民币 5,000 万元（含）且不超过人民币 10,000 万元 （含），回购价格不超过人民币 28.00 元/股（含）。具体回购股份的数量和金额 以回购期满时实际回购的股份数量和金额为准。本次回购期限为自公司董事会审 议通过回购股份方案之日起不超过 12 个月。具体内容详见公司于 2025 年 2 月 11 日在巨潮资讯网（www.cninfo.com.cn）上披露的《关于回购公司股份方案暨取得 ...

Group 1 - The company, Zhiyou Technology (301376.SZ), recently won the bidding for a state-owned construction land use right with a total price of 50.94 million yuan [1] - The land parcel is identified as Zheng Zheng Chu [2025] No. 26 (Network) and the company received a certificate from the Zhengzhou Public Resources Trading Center [1] - The contract for the state-owned land use right was signed on December 26, 2025 [1]

Core Viewpoint - The company, Zhiyou Technology (301376.SZ), has successfully acquired state-owned construction land use rights through a competitive bidding process, indicating its strategic expansion in the real estate sector [1] Group 1: Acquisition Details - The company won the bidding for state-owned construction land use rights with a total price of 50.94 million yuan [1] - The specific land parcel is identified as Zheng Zheng Chu [2025] No. 26 [1] - The acquisition was confirmed by the Zhengzhou Public Resources Trading Center, which issued a certificate for the online bidding win [1] Group 2: Contract Signing - The company signed the "State-owned Construction Land Use Rights Transfer Contract" on December 26, 2025 [1]

证券代码：301376 证券简称：致欧科技 公告编号：2025-097 致欧家居科技股份有限公司 关于竞得土地使用权并签署 国有建设用地使用权出让合同的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 致欧家居科技股份有限公司（以下简称"公司"）于 2025 年 4 月 27 日召开 第二届董事会第十四次会议及于 2025 年 5 月 20 日召开的 2024 年度股东大会审议 通过了《关于变更部分募投项目实施方式并调整内部投资结构的议案》，公司募 投项目"郑州总部运营管理中心建设项目"在募集资金投资总额不变的前提下， 将实施方式由购置办公楼变更为购买土地并自建大楼，并调整内部投资结构。具 体 内 容 详 见 公 司 于 2025 年 4 月 29 日 、 2025 年 5 月 20 日 于 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的相关公告。 近日公司在国有建设用地使用权挂牌出让活动中以总地价 5,094 万元竞得了 编号为郑政出〔2025〕26 号（网）地块的国有建设用地使用权，取得了郑州市公 共资源交易中心出具的《 ...

证券代码：301376 证券简称：致欧科技 公告编号：2025-096 致欧家居科技股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、基本情况 致欧家居科技股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开 第二届董事会第十八次会议及于 2025 年 11 月 18 日召开的 2025 年第二次临时股 东大会审议通过了《调整董事会成员、变更注册资本、修订<公司章程>及其附件 并办理工商变更登记的议案》，具体内容详见公司于 2025 年 10 月 28 日、2025 年 11 月 18 日于巨潮资讯网（http://www.cninfo.com.cn）披露的相关公告。 公司于 2025 年 11 月 24 日召开公司职工代表大会，经与会职工代表审议，会 议选举一名职工代表董事郭志钰，任期自本次职工代表大会选举之日起至第二届 董事会任期届满之日止。具体内容详见公司于 2025 年 11 月 24 日于巨潮资讯网 （http://www.cninfo.com.cn）披露的相关公告。 二、 ...

Investment Rating - The report rates the industry as "Outperforming the Market" [4] Core Insights - The report highlights that the cross-year consumption trend is driven by policy and expected recovery, with general retail and tourism sectors performing well [12][19] - It emphasizes the strong recovery in offline consumption during the New Year and Spring Festival, particularly in major cities [17] - The tourism sector is projected to see significant growth in consumer spending, with a daily average of 6.263 million trips during the Spring Festival, representing 126% of 2019 levels [19] Summary by Sections Cross-Year Consumption Trends - The report analyzes the market performance from 2019 to 2025, noting that general retail and tourism sectors have outperformed others during the cross-year period [12] - The upcoming Q1 consumption peak and policy catalysts are expected to drive strong performance in the retail sector [12] General Retail and Supermarkets - The report anticipates a robust recovery in offline consumption during the New Year and Spring Festival, with significant year-on-year growth in cities like Beijing, Shanghai, and Guangzhou [17] - For the Spring Festival 2025, Shanghai's offline consumption is projected to reach 46.5 billion RMB, while Beijing and Guangzhou are expected to see 8.1 billion RMB and 36.4 billion RMB, respectively [17] Tourism and Travel - The Spring Festival is expected to be the largest travel season after National Day and May Day, with daily average spending of 84.6 billion RMB, second only to National Day [19] - The average spending per person during the Spring Festival is projected to be 1,351 RMB, indicating a recovery trend, although it has not yet reached 2019 levels [19] Key Company Announcements and Industry News - The report includes significant announcements from companies such as Zhejiang China Commodity City Group, which appointed new executives [23] - It also notes that the National Bureau of Statistics reported a 1.3% year-on-year increase in retail sales for November 2025, with service retail sales growing by 5.4% from January to November [24] Investment Recommendations - The report recommends companies with strong organizational structures and management capabilities in the beauty and personal care sector, such as Mao Geping and Shangmei [25] - In the gold and jewelry sector, it suggests focusing on high-quality brands like Laopu Gold and Chaohongji [25] - For the cross-border e-commerce sector, it highlights the easing of tariff conflicts and the recovery of demand, recommending companies like Xiaoshangpin City and Jiao Dian Technology [25] - In the supermarket and retail sector, it advises monitoring companies like Miniso and Yonghui Supermarket for their reform effectiveness [25]

证券代码：301376 证券简称：致欧科技 公告编号：2025-095 致欧家居科技股份有限公司 关于公司参与设立产业基金的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、基本情况 致欧家居科技股份有限公司（以下简称"公司"）为投资孵化上下游优质项目， 提升公司核心竞争力，推动公司战略愿景实现，公司作为有限合伙人使用自有资 金与普通合伙人兼执行事务合伙人苏州维特力新创业投资管理有限公司及其他有 限合伙人共同投资设立长沙泉仲创业投资合伙企业（有限合伙）（以下简称"基金" 或"合伙企业"）。具体内容详见公司披露于巨潮资讯网（www.cninfo.com.cn）的 《关于公司参与设立产业基金的公告》（公告编号：2025-001）、《关于公司参与 设立产业基金的进展公告》（公告编号：2025-014）、《关于公司参与设立产业基 金的进展公告》（公告编号：2025-040）、《关于公司参与设立产业基金的进展公 告》（公告编号：2025-048） 二、本次进展情况 基于合伙企业的投资发展规划，经合伙企业全体合伙人一致通过，同意新增 有限合伙人扬州市邗投珒创私 ...