Huakai Yibai(SZ:300592) Xin Lang Cai Jing·2025-10-16 07:40Core Viewpoint - The company, Huakai Yibai Technology Co., Ltd., is experiencing fluctuations in stock performance and is heavily involved in cross-border e-commerce, AIGC technology, and virtual reality applications, benefiting from the depreciation of the RMB. Company Overview - Huakai Yibai was established on February 23, 2009, and listed on January 20, 2017. The company focuses on spatial environment art design and provides comprehensive exhibition services for large exhibition halls, with cross-border e-commerce as a significant revenue source [7]. - The company's revenue composition includes 92.16% from cross-border e-commerce, 7.71% from comprehensive cross-border e-commerce services, and 0.18% from other business activities [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 4.538 billion yuan, representing a year-on-year growth of 28.97%. However, the net profit attributable to the parent company was 36.74 million yuan, a decrease of 72.69% year-on-year [7]. - 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]. Market Activity - On October 16, 2023, the company's stock price fell by 1.58%, with a trading volume of 49.0085 million yuan and a turnover rate of 1.31%, resulting in a total market capitalization of 4.29 billion yuan [1]. - The stock has shown no significant trend in major capital inflows, with a net outflow of 4.6956 million yuan on the same day, ranking 9th out of 18 in its industry [4][5]. Technological Development - The company is leveraging AIGC technology in its self-developed systems to automate product copy generation, significantly reducing labor costs and enhancing operational efficiency [2]. - The company's virtual reality (VR) technology is primarily applied in exhibition setups, with ongoing efforts to innovate in VR content creation and integration with interactive platforms [2]. International Revenue - According to the 2024 annual report, the company's overseas revenue accounts for 99.83% of its total revenue, benefiting from the depreciation of the RMB [3].