Core Viewpoint - The company, Zhiyou Technology, is experiencing a decline in stock price and trading volume, while its business model focuses on cross-border e-commerce and various product categories, including home and pet products. Group 1: Company Overview - Zhiyou Technology was established on January 8, 2010, and is located in Zhengzhou, Henan Province. It was listed on June 21, 2023, and primarily engages in the research, design, and sales of its own brand home products. The main revenue source is cross-border e-commerce retail, accounting for 99.09% of total revenue [7]. - As of September 30, 2025, the company had 10,500 shareholders, a decrease of 7.59% from the previous period, with an average of 18,473 circulating shares per person, an increase of 8.21% [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%. However, 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 Dynamics - The stock price of Zhiyou Technology fell by 0.05% on December 18, with a trading volume of 31.7067 million yuan and a turnover rate of 0.84%. The total market capitalization is 7.784 billion yuan [1]. - The company has established a differentiated competitive advantage in its cross-border e-commerce logistics system, with self-operated warehouses in Germany and the United States, enhancing operational efficiency and customer satisfaction [2]. Group 4: Product Categories - The company offers a range of courtyard products, including home furniture, leisure items, and sports equipment. The pet product line includes cat trees, pet beds, and other pet furniture [2][3].

Core Viewpoint - Zhiou Technology (301376) has provided guarantees for its wholly-owned subsidiaries to secure credit from banks and financial institutions, totaling up to RMB 3 billion, indicating a strategic move to support its subsidiaries' financial activities [1] Group 1: Stock Performance - As of December 12, 2025, Zhiou Technology's stock closed at RMB 18.99, down 0.21% from the previous trading day [1] - The stock opened at RMB 19.03, reached a high of RMB 19.27, and a low of RMB 18.92, with a trading volume of RMB 25.51 million and a turnover rate of 0.69% [1] Group 2: Guarantee Announcement - The company announced it would provide guarantees for its subsidiaries, including Lingwei Technology, Zhiou International, and Shenzhen Zhiou, to apply for credit from banks and other financial institutions [1] - The total guarantee amount does not exceed RMB 3 billion, with forms including credit guarantees, mortgages, and pledges [1] - Recent contracts signed with multiple financial institutions involve a guarantee amount of approximately RMB 280 million and USD 23 million, all within the approved limits of the shareholders' meeting [1] Group 3: Financial Health - The financial status of the subsidiaries being guaranteed is normal, and they are not classified as dishonest executors [1] - As of the announcement date, the cumulative guarantee balance is RMB 1.98 billion, accounting for 61.37% of the most recent audited net assets, with no overdue guarantees [1]

Core Viewpoint - Zhiyou Technology (301376) announced that neither the company nor its subsidiaries have provided guarantees to entities outside the consolidated financial statements, and there are no overdue guarantees or litigation-related guarantee amounts [1] Group 1 - The company confirmed the absence of any guarantees provided to external entities [1] - There are no overdue guarantees reported by the company [1] - The company is not involved in any litigation related to guarantee amounts [1]

Core Viewpoint - The company acknowledges the potential positive impact of Amazon's reduced commission rates on its European product line, particularly in the mid-to-large item category, while advising investors to refer to regular reports for specific performance details [1] Group 1 - Investors inquired about the impact of recent Federal Reserve interest rate cuts and strong sales during the Black Friday period on the company's revenue growth [1] - The company indicated that the reduction in commission rates by Amazon for home goods in Europe could lead to some operational improvements [1] - The company emphasized that its European product line primarily focuses on mid-to-large items [1]

Core Viewpoint - The company, Zhiyou Technology, is experiencing a decline in stock performance and has a significant reliance on overseas revenue, benefiting from the depreciation of the RMB. Group 1: Company Overview - Zhiyou Technology was established on January 8, 2010, and is located in Zhengzhou, Henan Province. The company specializes in the research, design, and sales of its own brand home products, with 99.09% of its revenue coming from cross-border e-commerce [7]. - As of September 30, 2025, the company reported a revenue of 6.082 billion yuan, representing a year-on-year growth of 6.18%, while the net profit attributable to shareholders decreased by 2.09% to 272 million yuan [8]. Group 2: Market Performance - On December 12, the stock price of Zhiyou Technology fell by 0.21%, with a trading volume of 25.5098 million yuan and a turnover rate of 0.69%, leading to a total market capitalization of 7.643 billion yuan [1]. - The company has seen a net outflow of 165,300 yuan from major investors today, with a continuous reduction in major funds over the past two days [4]. Group 3: Product and Market Strategy - The company’s product lines include garden furniture, leisure items, and pet products, with a focus on leveraging social media influencers for marketing [2][3]. - As of the end of 2024, overseas revenue accounted for 98.88% of the company's total revenue, benefiting from the depreciation of the RMB [3]. Group 4: Technical Analysis - The average trading cost of the stock is 19.01 yuan, with the current price near a support level of 18.97 yuan. A drop below this support level could indicate a potential downward trend [6].

证券代码：301376 证券简称：致欧科技 公告编号：2025-094 致欧家居科技股份有限公司 关于为全资子公司提供担保的进展公告 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、担保情况概述 在上述额度内发生的具体担保事项，董事会提请股东大会授权公司管理层根 据实际经营的需要，在额度范围内签署上述担保相关的合同及法律文件，授权有 效期与上述额度有效期一致。在不超过上述已审批担保总额度的情况下，公司管 理层可根据实际经营情况在总担保额度范围内适度调整各全资子公司的担保额度。 自股东大会审批通过之日起，此前由公司第二届董事会第十三次会议审议通 过的《关于为全资子公司提供担保额度预计的议案》不再执行，未尽事宜根据 2024 年度股东大会决议予以承接。 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。 二、担保进展情况 近日，公司收到了以下担保合同： 2025 年 4 月 27 日，公司召开第二届董事会第十四次会议、第二届监事会第十 二次会议分别 ...

Core Viewpoint - The company, Zhiyou Technology, is experiencing fluctuations in stock performance and is leveraging various economic trends such as camping, influencer marketing, cross-border e-commerce, and the pet economy to enhance its business model [1][2]. Group 1: Company Overview - Zhiyou Technology was established on January 8, 2010, and is located in Zhengzhou, Henan Province. It specializes in the research, design, and sales of its own brand home products [7]. - The company went public on June 21, 2023, and its main business revenue composition is 99.09% from cross-border e-commerce retail and 0.91% from other sources [7]. - As of September 30, 2025, the company had 10,500 shareholders, a decrease of 7.59% from the previous period, with an average of 18,473 circulating shares per person, an increase of 8.21% [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%. However, 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, which includes domestic and overseas self-operated warehouses, platform warehouses, and third-party cooperative warehouses [2][3]. - As of the 2024 annual report, overseas revenue accounted for 98.88% of total revenue, benefiting from the depreciation of the RMB [3]. - The company has collaborated with influencers on platforms like TikTok to promote its products, although the current sales contribution from these efforts is relatively small [2].

Core Viewpoint - The company, Zhiyou Technology, has shown growth in its revenue and is benefiting from various economic trends, including the camping economy, influencer marketing, and the pet economy, while also capitalizing on the depreciation of the RMB [2][3]. Group 1: Company Overview - Zhiyou Technology was established on January 8, 2010, and is located in Zhengzhou, Henan Province. The company specializes in the research, design, and sales of its own brand home products [7]. - The company's main business revenue composition is 99.09% from cross-border e-commerce retail and 0.91% from other sources [7]. - As of September 30, 2025, the company had 10,500 shareholders, a decrease of 7.59% from the previous period, with an average of 18,473 circulating shares per person, an increase of 8.21% [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%. However, 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, which includes domestic and international self-operated warehouses, platform warehouses, and third-party cooperative warehouses [2]. - As of the 2024 annual report, overseas revenue accounted for 98.88% of the company's total revenue, benefiting from the depreciation of the RMB [3]. - The company has collaborated with influencers on platforms like TikTok to promote its products, although the current sales contribution from these collaborations is relatively small [2].

Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Insights - The cross-border e-commerce sector remains robust, with a focus on leading brands and B2B companies actively implementing AI applications [3] - Online sales during Black Friday and Cyber Monday showed steady growth, with significant increases in consumer spending [8] - The performance of AI in e-commerce is notable, with a substantial rise in traffic driven by AI tools, indicating a shift in consumer behavior [8] Summary by Sections Cross-Border E-commerce B2B - B2B companies have a clear revenue logic through AI tools, with promising business developments ahead [3] - Recommended stocks include Xiaoguo City (600415), Focus Technology (002315) [3] Cross-Border E-commerce B2C - Recommended stocks include Anker Innovation (300866), Ugreen Technology (301606), Zhiou Technology (301376), Jihong Co., Ltd. (002803), and Huakai Yibai (300592) [3] Other Relevant Stocks - Other recommended stocks include Konnate Optical (02276), Miniso (09896), and Sumida (600710) [3] Market Trends - Black Friday and Cyber Monday online sales reached record highs, with online spending of $11.8 billion and $14.25 billion respectively, marking year-on-year growth of 9.1% and 7.1% [8] - The average online price of consumer goods in the U.S. increased by 8%, impacting actual sales performance [8] Future Outlook - In 2026, a decrease in tariff costs is expected to improve profit margins for some cross-border e-commerce companies [8] - The report outlines a timeline of tariff adjustments throughout 2025, indicating a complex landscape for cross-border trade [8]

致欧科技（301376.SZ）12月5日在投资者互动平台表示，欧洲市场营收约占公司营收的60%。根据 Marketplace Pulse "Top Amazon Marketplace Sellers"统计，公司在亚马逊主要欧洲国家站点家居家具品类 中排名第一。亚马逊此次下调家居品类的佣金费率将对公司经营有一定提升作用，公司欧洲产品线还是 以中大件为主。 （记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：看新闻说亚马逊欧洲站要对卖家降费，家居产品单价 小于20欧或20磅，佣金费率将从15%降至8%，请问公司是否受益？ ...