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Group 1 - The General Administration of Customs announced a series of measures to optimize cross-border e-commerce export supervision, aiming to reduce the burden on enterprises, improve customs clearance efficiency, lower operating costs, and enhance market competitiveness. These measures will take effect on December 15, 2024 [1][14] - In the first three quarters of 2024, China's total foreign trade import and export value exceeded 32 trillion yuan for the first time in history, with cross-border e-commerce import and export value reaching 1.88 trillion yuan, a year-on-year increase of 11.5% [1][20] - The cross-border e-commerce market is dominated by B2B and B2C models, with B2B accounting for approximately 70% of the market share from 2017 to 2022. The B2C segment is also rapidly developing, driven by consumer behavior and the expansion of emerging markets [24][36] Group 2 - The median price-to-earnings (P/E) ratio for the North Exchange's consumer service sector decreased from 48.2X to 44.0X, indicating a decline in overall market valuation [2][52] - The total market capitalization of the North Exchange's consumer service sector decreased from 914.75 billion yuan to 884.17 billion yuan, with the median market capitalization dropping from 20.82 billion yuan to 19.18 billion yuan [2][53] - The median P/E ratio for the professional technical service industry remained stable at 26.0X, while the median P/E ratios for the broader consumer and food and beverage sectors saw notable declines [3][60] Group 3 - Eleven companies on the North Exchange are actively stabilizing or expanding their cross-border e-commerce businesses, including companies in various sectors such as textiles, medical devices, and home appliances [1][41] - Companies like Qingju Technology and Beikang are focusing on digital product development and expanding their e-commerce presence, with significant revenue growth reported in their cross-border e-commerce sales [4][44]