Huakai Yibai(SZ:300592) Xin Lang Cai Jing·2025-09-24 08:48Core Viewpoint - The company, Huakai Yibai Technology Co., Ltd., is experiencing growth in its cross-border e-commerce business, benefiting from the depreciation of the RMB and advancements in AIGC and VR technologies [2][3]. Group 1: Company Overview - Huakai Yibai was established on February 23, 2009, and listed on January 20, 2017, focusing on space environment art design and providing comprehensive exhibition services for large venues [7]. - The company's main revenue sources are cross-border e-commerce (92.16%), comprehensive cross-border e-commerce services (7.71%), and other business income (0.18%) [7]. - As of June 30, 2025, the company reported a revenue of 4.538 billion yuan, a year-on-year increase of 28.97%, while the net profit attributable to shareholders decreased by 72.69% to 36.74 million yuan [7]. Group 2: Business Segments and Technologies - The company operates a multi-platform, multi-region, and multi-category model for its cross-border e-commerce export business, primarily targeting Europe and North America [2]. - The company has integrated AIGC technology into its self-developed systems, enabling AI-driven generation of product descriptions, significantly reducing labor costs and enhancing operational efficiency [2]. - Huakai Yibai's VR technology is applied in exhibition setups, focusing on environmentally friendly design and exploring VR digital content production and interactive platforms [2]. Group 3: Financial and Market Analysis - The company's market capitalization is 4.513 billion yuan, with a trading volume of 130 million yuan and a turnover rate of 3.37% [1]. - The average trading cost of the company's shares is 11.54 yuan, with the current stock price near a support level of 11.15 yuan [6]. - As of June 30, 2025, the company has distributed a total of 154 million yuan in dividends since its A-share listing, with 136 million yuan distributed over the past three years [8].