Huakai Yibai(SZ:300592) Xin Lang Cai Jing·2025-10-20 07:49Core Viewpoint - The company, Huakai Yibai, is experiencing growth in its cross-border e-commerce business, benefiting from the depreciation of the RMB and leveraging technologies such as AIGC and VR to enhance operational efficiency and service offerings [2][3]. Company Overview - Huakai Yibai Technology Co., Ltd. is based in Changsha, Hunan Province, 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 venues, with a primary revenue source from cross-border e-commerce [7]. - As of June 30, the company had 19,300 shareholders, a decrease of 1.21% from the previous period, with an average of 18,214 circulating shares per shareholder, an increase of 2.50% [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 20, the company's stock price increased by 0.58%, with a trading volume of 71.41 million yuan and a turnover rate of 1.96%, resulting in a total market capitalization of 4.201 billion yuan [1]. - The stock has seen a net inflow of 3.5614 million yuan from major investors today, with a lack of significant trends in major investor activity [5]. Business Segments - 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]. - The company is actively exploring VR technology applications in exhibition settings, emphasizing environmentally friendly design and innovative content creation [2].