Core Points - The establishment of two new professional committees at the World Internet Conference marks a significant development in the context of global digital civilization [1] - The Cultural Heritage Digitalization Professional Committee aims to create a high-level cooperation platform to promote technology accessibility and capacity building [1] - The E-commerce Professional Committee is designed to build a more representative and professional platform to summarize and promote best practices in e-commerce development and management [1] Group 1: Cultural Heritage Digitalization Professional Committee - The committee will focus on enhancing the supply of public products and contributing to globally shared wisdom solutions [1] - It aims to actively participate in international dialogue to promote cultural exchange and mutual learning among civilizations [1] - The committee's establishment is timely, coinciding with the surge of global digital civilization [1] Group 2: E-commerce Professional Committee - The committee seeks to create a more open and transparent business environment through collaborative efforts [1] - It will facilitate multi-dimensional international cooperation and governance of rules in the e-commerce sector [1] - The committee's formation includes the approval of working rules and the appointment of leadership and expert members [1]

Group 1 - The seminar "AI Business - Creating a New Generation of Growth" was held to enhance technology application and develop a digital business database in Vietnam [1] - AI is viewed as a core strategy for transforming vast amounts of data into competitive advantages, crucial for achieving exponential growth in the digital age [1] - Vietnam's e-commerce market is one of the fastest-growing in ASEAN, with online retail sales projected to reach approximately $6.86 trillion globally by 2025 and Vietnam's e-commerce transactions exceeding 300 trillion VND (about $11.1 billion) in the first nine months of the year [1] Group 2 - Vietnam's e-commerce is entering a golden phase with improved infrastructure, consumer behavior, and legal frameworks [2] - Mobile commerce is a current trend, with platforms like Shopee, TikTok Shop, and Lazada focusing on entertainment shopping models [2] - Over 60% of Vietnamese companies are applying AI in customer service, marketing optimization, and operational automation [2] Group 3 - The Metric.vn platform has five years of data from major e-commerce platforms, enabling real-time market share analysis and optimization of marketing and operational strategies [2] - Utilizing big data can enhance company revenue by 54% and increase the likelihood of profit doubling by 25% [2] - MISA has developed an "AI Sales Agent" that can handle the entire sales process without increasing human resources, thereby expanding sales scale and improving productivity while reducing costs [2]

Core Viewpoint - The company, Zhiyou Technology, is experiencing fluctuations in stock performance and is leveraging various economic trends such as camping, influencer marketing, cross-border e-commerce, and the pet economy to enhance its business model [2][4]. Company Overview - Zhiyou Technology, established on January 8, 2010, is located in Zhengzhou, Henan Province, and was listed on June 21, 2023. The company focuses on the research, design, and sales of its own brand home products, with 99.09% of its revenue coming from cross-border e-commerce [7]. - As of September 30, 2025, the company had 10,500 shareholders, a decrease of 7.59% from the previous period, and an average of 18,473 circulating shares per person, which increased by 8.21% [8]. Financial Performance - For the period from January to September 2025, Zhiyou Technology achieved a revenue of 6.082 billion yuan, representing a year-on-year growth of 6.18%. However, the net profit attributable to the parent company was 272 million yuan, a decrease of 2.09% year-on-year [8]. - The company has distributed a total of 321 million yuan in dividends since its A-share listing [9]. Market Position and Strategy - The company has developed a differentiated competitive advantage in its cross-border e-commerce logistics system, establishing self-operated warehouses in countries like Germany and the United States, which enhances operational efficiency and customer satisfaction [2][3]. - The product range includes outdoor and pet-related items, with a focus on influencer collaborations to drive sales, particularly through platforms like TikTok [2][3]. Stock Performance - On November 7, the stock price of Zhiyou Technology fell by 1.23%, with a trading volume of 36.3528 million yuan and a market capitalization of 7.413 billion yuan [1]. - The average trading cost of the stock is 19.34 yuan, with the current price approaching a support level of 18.41 yuan, indicating potential volatility [6].

越南青年企业家探路中国 共绘数字经济新蓝图 中新网西安11月7日电 题：越南青年企业家探路中国 共绘数字经济新蓝图 作者 杨英琦 "我们希望与中方共同培育数字化人才，期待中方企业分享数字化转型与电商运营的经验，帮助我们更 好地掌握相关技术与模式。"在陕西延安举行的中越青年对话会上，越南青年企业家潘氏夏说，过去十 年间，电子商务已成为越中两国数字经济发展的重要支柱。 越南青年来华"红色研学之旅"之"红星闪耀"研学营活动于1日至8日在北京和陕西举办。来自越南各地的 青年公务员、共青团干部、青年媒体人、青年艺术家、青年企业家和大学生代表等200名越南青年来华 参访。在陕期间，越南青年与中国各界青年围绕科技创新、经贸合作、文化传播等主题开展专题研讨。 在交流中，潘氏夏等青年企业家重点关注两国青年在电子商务等领域的合作机遇。 据潘氏夏介绍，2024年，越南在线零售规模达250亿美元。"作为青年企业家，我们正不断开拓新市场， 推动更多越南产品走向世界。"她提出，越中青年企业家应共同加强市场对接与会展合作，通过线下展 会、线上直播等多种渠道展示双方产品，发展绿色、可持续的电子商务模式。 在陕西鼓风机(集团)有限公司，越南青 ...

Core Viewpoint - Anhui Heli's stock price has shown fluctuations, with a year-to-date increase of 22.12% but a recent decline in the last five and twenty trading days [1][2]. Financial Performance - For the period from January to September 2025, Anhui Heli achieved a revenue of 14.934 billion yuan, representing a year-on-year growth of 11.37% [2]. - The net profit attributable to the parent company for the same period was 1.121 billion yuan, reflecting a year-on-year increase of 1.79% [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Anhui Heli was 27,900, a decrease of 27.97% from the previous period [2]. - The average number of circulating shares per shareholder increased by 38.83% to 31,923 shares [2]. Dividend Distribution - Since its A-share listing, Anhui Heli has distributed a total of 4.307 billion yuan in dividends, with 1.393 billion yuan distributed over the last three years [3]. Major Shareholders - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest circulating shareholder, holding 15.5475 million shares, an increase of 144,800 shares from the previous period [3]. - The fund "China Europe Dividend Advantage Flexible Allocation Mixed A" entered the top ten circulating shareholders, holding 6.9504 million shares [3].

Core Viewpoint - The company, Zhiyou Technology, is benefiting from various economic trends including the camping economy, influencer economy, cross-border e-commerce, and the pet economy, with a significant portion of its revenue coming from overseas due to the depreciation of the RMB [2][3]. Company Overview - Zhiyou Technology, established on January 8, 2010, is located in Zhengzhou, Henan Province, and was listed on June 21, 2023. The company focuses on the research, design, and sales of its own brand home products, with 99.09% of its revenue coming from cross-border e-commerce [7]. - As of September 30, 2025, the company had 10,500 shareholders, a decrease of 7.59% from the previous period, and an average of 18,473 circulating shares per person, an increase of 8.21% [8]. Financial Performance - For the period from January to September 2025, Zhiyou Technology achieved a revenue of 6.082 billion yuan, representing a year-on-year growth of 6.18%. However, the net profit attributable to the parent company was 272 million yuan, a decrease of 2.09% year-on-year [8]. - The company has distributed a total of 321 million yuan in dividends since its A-share listing [9]. Product and Market Strategy - The company offers a range of courtyard products categorized into home, leisure, and sports products, including rattan furniture sets, fences, garden tables, and sunshades [2]. - The pet product line includes cat trees, pet beds, and other pet furniture [3]. - Zhiyou Technology has established a differentiated competitive advantage in its cross-border e-commerce logistics system, with self-operated warehouses in Germany and the USA, enhancing operational efficiency and customer satisfaction [2][3]. Market Activity - On November 6, the company's stock price increased by 0.11%, with a trading volume of 28.2742 million yuan and a turnover rate of 0.78%, resulting in a total market capitalization of 7.506 billion yuan [1].

新华财经上海11月6日电 11月5日，第八届虹桥国际经济论坛"金融助力全球经贸发展"分论坛举办。柬 埔寨商业部国务秘书桑兴波拉在作主旨发言时表示，柬埔寨近年来通过一系列措施支持普惠金融和数字 化转型，推动数字贸易和电子商务发展，为出口导向型企业提供重要商机。 桑兴波拉表示，金融一直是贸易的生命线，在当今互联互通的世界中，金融创新、数字支付、金融科技 解决方案以及跨境结算系统，都在重塑着贸易和投资方式。柬埔寨政府高度重视促进普惠金融和数字互 联互通，协同推进多项关键举措加快数字化转型，包括开发数字贸易平台、简化海关手续和贸易流程， 提升贸易便利化水平；启动出口服务中心，协助中小企业获取市场信息，了解出口程序和要求；致力于 推广电子商务和跨境商务，使企业家尤其是妇女和青年可直接参与国际市场。 桑兴波拉指出，柬埔寨已与中国电商平台合作，通过该平台直接在中国市场以及东盟国家销售柬埔寨产 品并推广电子商务。同时，柬埔寨也致力于加强数字支付系统，这对于培育无缝连接的数字经济起到关 键作用。他表示，基于区块链的银行间移动支付平台，用户可使用智能手机进行跨银行、跨平台的实时 资金转账，不仅促进了安全高效的数字交易，也使得柬埔 ...

Core Insights - The stock price of Jiajiayue increased by 2.26% on November 6, reaching 11.30 CNY per share, with a total market capitalization of 7.213 billion CNY [1] - Year-to-date, Jiajiayue's stock price has risen by 1.35%, with notable increases of 5.12% over the last five trading days and 12.55% over the last 20 days [2] Financial Performance - For the period from January to September 2025, Jiajiayue reported a revenue of 13.588 billion CNY, a year-on-year decrease of 3.81%, while the net profit attributable to shareholders increased by 9.43% to 206 million CNY [2] - Cumulative cash dividends since the A-share listing amount to 1.587 billion CNY, with 402 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 10.62% to 21,800, with an average of 29,305 circulating shares per person, an increase of 11.89% [2] - The top ten circulating shareholders include Huaxia Large Cap Select Mixed Fund, which holds 3.7126 million shares, down by 2.1379 million shares from the previous period [3]

Core Viewpoint - Baiyang Pharmaceutical's stock has experienced fluctuations, with a recent decline of 2.04% and a total market value of 12.888 billion yuan, reflecting a mixed performance in the market [1]. Financial Performance - For the period from January to September 2025, Baiyang Pharmaceutical reported a revenue of 5.627 billion yuan, representing a year-on-year decrease of 8.41%. The net profit attributable to shareholders was 476 million yuan, down 25.67% compared to the previous year [2]. - The company has distributed a total of 1.551 billion yuan in dividends since its A-share listing, with 1.201 billion yuan distributed over the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Baiyang Pharmaceutical was 11,100, a decrease of 40.83% from the previous period. The average circulating shares per person increased by 68.99% to 47,194 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is a new entrant, holding 2.9097 million shares, while ICBC Frontier Medical Stock A has exited the list [3]. Stock Performance - Baiyang Pharmaceutical's stock price has increased by 4.57% year-to-date, but has seen a decline of 6.63% over the last five trading days and 9.75% over the last twenty days [1].

Core Viewpoint - The stock of Liren Lizhuang has shown a mixed performance in recent trading sessions, with a year-to-date increase of 16.11% and a recent uptick of 2.04% on November 5, 2023, indicating fluctuating investor sentiment and market dynamics [1]. Group 1: Stock Performance - As of November 5, 2023, Liren Lizhuang's stock price reached 10.02 CNY per share, with a trading volume of 1.29 billion CNY and a turnover rate of 3.27%, resulting in a total market capitalization of 40.13 billion CNY [1]. - The stock has experienced a 6.37% increase over the last five trading days, a 0.30% decrease over the last 20 days, and a 1.73% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" eight times this year, with the most recent appearance on July 10, 2023, where it recorded a net buy of -115 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Liren Lizhuang reported a revenue of 1.177 billion CNY, reflecting a year-on-year decrease of 4.09%, and a net profit attributable to shareholders of -36.49 million CNY, down 31.28% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 179 million CNY in dividends, with cumulative distributions of 22.43 million CNY over the past three years [2]. Group 3: Company Overview - Liren Lizhuang, established on May 27, 2010, and listed on September 29, 2020, is located in Xuhui District, Shanghai, and primarily engages in e-commerce retail and brand marketing operations [1]. - The company's revenue composition is heavily weighted towards beauty and personal care products, accounting for 95.06% of total revenue, while other categories contribute 4.94% [1]. - The company operates within the Shenyin Wanguo industry classification of commercial retail, specifically in the internet e-commerce sector, and is associated with concepts such as Pinduoduo, online marketing, Douyin stores, and e-commerce [2].