Company Overview - Harls Co., Ltd. is located in Yongkang City, Zhejiang Province, and was established on May 23, 1995. The company was listed on September 9, 2011. Its main business involves the research, design, production, and sales of stainless steel vacuum insulated containers [2] - The revenue composition of Harls includes 87.54% from vacuum containers, 10.52% from aluminum bottles and others, and 1.94% from supplementary sources [2] - As of June 30, 2025, the number of shareholders reached 49,700, an increase of 60.21% from the previous period, while the average circulating shares per person decreased by 37.62% to 6,159 shares [2] Stock Performance - As of September 18, Harls' stock price increased by 2.08% to 8.33 CNY per share, with a trading volume of 44.08 million CNY and a turnover rate of 1.76%, resulting in a total market capitalization of 3.884 billion CNY [1] - Year-to-date, Harls' stock price has risen by 8.17%, with a 1.46% increase over the last five trading days, a 6.51% decrease over the last 20 days, and a 2.46% increase over the last 60 days [2] Financial Performance - For the first half of 2025, Harls achieved a revenue of 1.571 billion CNY, representing a year-on-year growth of 12.83%. However, the net profit attributable to shareholders decreased by 29.00% to 91.35 million CNY [2] - Since its A-share listing, Harls has distributed a total of 656 million CNY in dividends, with 255 million CNY distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders of Harls include a new entrant, Bosera Phoenix Leading Mixed A (013450), holding 1.5042 million shares. Meanwhile, two funds, China Merchants Quantitative Selected Stock Initiated A (001917) and China Merchants Growth Quantitative Selected Stock A (020901), have exited the top ten list [3]

Group 1 - The core viewpoint of the news is that Saiwei Times has shown a positive stock performance and financial growth, despite a decrease in net profit [1][2] - As of September 18, Saiwei Times' stock price increased by 2.07% to 25.15 CNY per share, with a market capitalization of 10.147 billion CNY [1] - The company has experienced a year-to-date stock price increase of 10.50%, with significant gains over various trading periods: 4.01% in the last 5 days, 11.78% in the last 20 days, and 28.12% in the last 60 days [1] Group 2 - For the first half of 2025, Saiwei Times reported a revenue of 5.346 billion CNY, reflecting a year-on-year growth of 27.96% [2] - The company's net profit attributable to shareholders was 169 million CNY, which represents a year-on-year decrease of 28.18% [2] - Since its A-share listing, Saiwei Times has distributed a total of 421 million CNY in dividends [3] Group 3 - Saiwei Times primarily operates in the cross-border e-commerce sector, with 92.32% of its revenue coming from this business, while logistics services contribute 6.53% and other services account for 1.16% [1] - The company is categorized under the Shenyin Wanguo industry classification of retail trade - internet e-commerce - cross-border e-commerce [1] - As of August 29, the number of shareholders for Saiwei Times was 16,300, a decrease of 8.01% from the previous period, with an average of 11,993 circulating shares per shareholder, an increase of 8.70% [2]

Group 1 - The core viewpoint of the news is that Beijiajie has shown significant stock performance and financial growth in 2023, with a notable increase in share price and revenue [1][2] - As of September 18, Beijiajie’s stock price increased by 2.03% to 33.63 CNY per share, with a total market capitalization of 3.378 billion CNY [1] - Year-to-date, Beijiajie’s stock price has risen by 44.15%, with a 3.22% increase over the last five trading days and a 35.17% increase over the last 60 days [1] Group 2 - For the first half of 2025, Beijiajie achieved operating revenue of 717 million CNY, representing a year-on-year growth of 15.64%, and a net profit attributable to shareholders of 43.52 million CNY, up 31.31% [2] - The company’s main business revenue composition includes 35.13% from other products, 33.23% from toothbrushes, 24.81% from wet wipes, and 6.83% from probiotics [1] - Beijiajie has been listed on the stock market since March 2, 2018, and has a total of 4,787 shareholders as of June 30, with an increase of 5.65% from the previous period [2]

深圳新闻网2025年9月18日讯（深圳特区报记者 吴亚男）昨日，为期3天的2025年CCBEC深圳跨境电商展览 会在深圳国际会展中心启幕。展会规模达8万平方米，汇聚来自法国、爱尔兰、日本、哈萨克斯坦、新加坡、 英国和美国等9个国家和地区的超1500家展商，涵盖美妆个护、建材家饰、消费电子及家用电器、运动户外、 玩具潮品等14大品类，打造集产品展示、供应链对接、渠道拓展于一体的商贸平台，一站式呈现跨境电商全 产业链优质资源，助力中国优质供应链对接全球市场。 编辑：谭悦 近年来，深圳跨境电商发展势头强劲，进出口额连续数年稳居全国大中城市前列，深圳跨境电商综合试验区 连续3年获评"成效明显"第一档。在《中国跨境电商品牌影响力百强榜（2025上半年）》上，安克、影石、拓 海内外专业人士到展会选购商品，了解海外物流仓。 深圳特区报记者 毕晗 摄 竹、绿联等51个深圳品牌上榜。目前，深圳累计有24家企业获评国家电子商务示范企业、8家获评省级跨境电 商企业，拥有17家跨境电商上市企业，并建成5个国家电子商务示范基地和4个省级跨境电商产业园区。 本届展会继续通过电子科技、时尚潮流、运动休闲及家居生活四大主题展馆的精心布局，集 ...

Group 1 - The 22nd China-ASEAN Expo opened in Nanning, with Nanjing promoting its development advantages and signing multiple cooperation projects to enhance links with ASEAN markets [1][2] - Nanjing aims to deepen cooperation with Guangxi and ASEAN through a "3+7+N" cooperation model, focusing on government framework cooperation and collaboration in seven key areas [1][2] - The expo's theme emphasizes "AI as the main character," providing new opportunities for Nanjing to enhance its industrial competitiveness and market reach in ASEAN [2] Group 2 - Multiple procurement projects for high-quality fruits from ASEAN were signed, with expected annual procurement volumes of 40,000 tons valued at approximately 1 billion yuan and 6,000 tons valued at about 150 million yuan [3] - Nanjing is leveraging Nanning's advantages in Southeast Asian fruit production and customs policies to create a logistics chain connecting Southeast Asia, Nanning, and the Yangtze River Delta [4] - The strategic cooperation agreement signed between Suhao and Nanning aims to develop cross-border e-commerce and facilitate the flow of quality products between the two regions [5][6] Group 3 - The establishment of the China-ASEAN AI Innovation Cooperation Center will promote resource sharing and collaborative development of the industrial supply chain [2] - Nanjing's transformation from traditional manufacturing to AI manufacturing is highlighted, with a focus on potential collaborations in culture, technology, and education with ASEAN countries [6]

Group 1 - The article highlights the surge in cross-border e-commerce in China, driven by favorable policies and market dynamics, leading to a significant increase in foreign consumers purchasing Chinese products [1][2] - China's "China Travel" and "China Shopping" initiatives reflect the country's commitment to high-level opening up, with visa policies and tax refund systems being optimized to enhance the shopping experience for foreign visitors [1][2] - The number of tax refund stores has exceeded 7,200, with a year-on-year increase of 186% in the number of people enjoying tax refunds from January to June this year [1] Group 2 - The article emphasizes the high-quality supply emerging from China's vast market, supported by digital technology integration, which enhances cross-border trade efficiency and responsiveness to global consumer trends [2][3] - The global economic policy uncertainty necessitates that companies prepare for adaptability in compliance with complex regulations regarding market access and data privacy [2] - The article calls for institutional innovation and cross-border collaboration to improve customs efficiency and expand the application of digital currency in cross-border payments [2] Group 3 - The logistics network is being optimized to enhance supply chain resilience, with the introduction of new delivery models and the establishment of smart warehousing in emerging markets [3] - Brand services are being emphasized to enhance market recognition, including international certification and localized brand adaptations [3] - The concept of "reverse shopping" showcases China's growing attractiveness as a market and its elevated position in the global supply and value chains [3]

深圳商报·读创客户端记者 苑伟斌 展会以四大主题展馆为核心，集中展示美妆个护、五金建材家饰、消费电子、鞋服箱包、节庆用品、食 品饮料、家居日用、珠宝文具、大健康、宠物用品、运动户外、玩具潮品等跨境热销品类。今年特别增 设"POD专区""私模专区""消费类安防爆品专区"及延续举办的"跨境电商物流专区"，精准对接行业热点 与买家需求，提供按需定制、原创设计及专业产品解决方案。此外，廊坊、宁波、泰州、台州、阳江五 地产业带也组团参展，带来区域特色制造资源，助力中国优质供应链对接全球市场。 此外，展会期间将举办超百场高质量同期活动，邀请跨境电商平台专家、企业代表，通过主题演讲、圆 桌对话、实战案例分享等形式，深入探讨行业趋势、营销创新、出海战略、跨境支付等热点议题。 9月17日，2025年深圳跨境电商展览会（CCBEC）在深圳国际会展中心开幕。展会吸引到来自法国、爱 尔兰、日本、哈萨克斯坦、新加坡、英国和美国等9个国家及地区的逾1500家参展商，涵盖14大品类优 质供货商、跨境电商平台及专业服务商。 一站式呈现全产业链资源 据了解，本届展会总展览面积达80000平方米，一站式呈现跨境电商全产业链资源，为到场的买家提供 ...

Group 1: Company Performance and Strategy - The company experienced a revenue decline in 2022 and has since focused on new products and channels, particularly cross-border e-commerce, to enter new growth paths [2] - The primary revenue source is the U.S. market, with online sales less affected by tariff policies compared to offline clients [2] - The new factory has a capacity of approximately 860,000 sets, with a current utilization rate of 30% to 40% [2] Group 2: Market and Competitive Position - The company's competitive advantages include rapid product iteration, an expanding product range, and deep market segmentation [2] - The core competitive point lies in product design and the ability to create products that align with U.S. and European market preferences [2] - The company has a significant advantage in mold inventory, allowing for cost-effective new product development [2] Group 3: E-commerce and Future Growth - Online sales accounted for 72.91% of revenue in the first half of 2025, primarily from self-owned brands [2] - The company aims to expand its e-commerce operations as a core strategic direction, with expectations for increased capacity utilization if sales succeed [7][18] - The anticipated profit growth from cross-border e-commerce is expected to materialize gradually, with price adjustments planned for 2025 [23] Group 4: Challenges and Responses - Tariff fluctuations have led to some clients considering moving orders abroad, but complex products are still likely to return to the company [6][12] - The company has opted against overseas factories due to variable tariff policies, long investment cycles, and complex operating environments [4][5] - The company plans to optimize advertising, warehousing, and logistics costs to improve profit margins [23] Group 5: Market Trends and Product Development - The market space is expanding beyond traditional products, with the company diversifying into various outdoor categories [24] - Year-on-year revenue growth of 32.28% was reported for the first half of the year, with expectations for continued growth in the second half [24] - The company’s product line includes outdoor heating solutions, barbecues, and furniture, catering to diverse consumer needs [24]

Core Insights - The article highlights the emergence of cross-border e-commerce in inland regions of China, particularly through the story of Deng Qi, who successfully established a clothing brand in his hometown of Xuancheng, Anhui [1][3]. Group 1: Background and Initial Challenges - Deng Qi returned to Xuancheng in 2020 after working in the garment export industry for ten years, aiming to create a new path in his hometown [3]. - Upon starting his business, he faced skepticism from locals and struggled with limited orders and funding, operating from a small rented space with minimal resources [4]. - His initial venture into children's clothing failed, leading to doubts about his business direction [5]. Group 2: Turning Point and Growth - A pivotal moment occurred when Deng learned from a peer about the rising demand for men's T-shirts, prompting him to pivot his business model [6]. - In 2021, he made a significant investment by mortgaging his property to establish a small factory, initially employing a minimal team [6][7]. - Customer feedback played a crucial role in product improvement, leading to a surge in sales and positioning his T-shirts among the top ten in the men's clothing category on AliExpress [7][9]. Group 3: Market Expansion and Competitive Advantage - By 2023, Deng discovered the "full management" model on AliExpress, which allowed him to focus on production while the platform handled logistics and operations, significantly reducing costs [9]. - Orders increased dramatically, and the local textile industry in Xuancheng began to thrive, with over 200 cross-border stores emerging and local factories adapting to seasonal demands [9][10]. Group 4: Advantages of Inland E-commerce - Deng emphasized that inland regions possess three key advantages: lower costs in labor, facilities, and logistics; greater resilience among entrepreneurs; and a fresh perspective from younger generations who understand international markets [11][12][13]. - He noted that while platforms are essential for initial growth, establishing an independent website is crucial for long-term brand development and customer retention [14]. Group 5: Current Operations and Future Outlook - Deng's factory continues to operate efficiently, utilizing AI quality control systems to maintain a low defect rate of 0.8% [14]. - His journey illustrates that cross-border e-commerce is a viable path for inland entrepreneurs, encouraging others to leverage platform models before transitioning to independent branding strategies [14].

Group 1: Industry Overview - Changzhou Economic Development Zone is leveraging core industry clusters such as green home furnishings and smart motors to enhance product innovation and market diversification, driving strong momentum for foreign trade development [1][3] - The region has established a deep integration development pattern of "green home furnishings + cross-border e-commerce + industrial belt," with over 500 terminal production enterprises and more than 200 supporting companies [3] Group 2: Company Performance - Changzhou Zhongtao Home Products Co., Ltd. has seen significant success in the Japanese and Korean markets, with monthly sales exceeding 10,000 units and a focus on high-growth categories like height-adjustable desks and gaming desks [2] - The company achieved a 20% year-on-year increase in export value in the first half of the year, with cross-border e-commerce contributing over 30% [2] Group 3: Technological Advancements - Changzhou Sanxie Electric Co., Ltd. has developed high-precision servo control technology, addressing industry challenges and expanding its product applications to sectors such as new energy vehicles and industrial automation [5] - The company has implemented a strategy of "technology leadership + precise scenario excavation + localized service" to enhance competitiveness in the global high-end motor market [5] Group 4: Policy Support - The Changzhou Economic Development Zone is providing support through exhibitions, preferential loans, and credit guarantees to help companies expand markets and reduce risks [6] - The local government emphasizes the need for companies to diversify markets, increase high-tech product development, and deepen the application of new business models like cross-border e-commerce [6]