Core Viewpoint - The company, Huilong New Materials, is strategically investing in the pet industry through a stake in Hangzhou Pet Sales Supply Chain Management Co., aiming to leverage digital infrastructure and capitalize on the growing pet economy in China [2]. Group 1: Investment and Business Strategy - Huilong New Materials has acquired a 2.2% stake in Pet Sales Supply Chain Management for an investment of 6 million yuan, which is not classified as a major transaction [2]. - The pet sales company focuses on creating a digital supply chain infrastructure for the pet industry, enhancing the capabilities of small retailers through digital empowerment [2]. - The investment is expected to provide Huilong New Materials with valuable market insights and resources in the pet sector, aligning with its focus on green and environmentally friendly fiber production [2]. Group 2: Financial Performance - For the period from January to September 2025, Huilong New Materials reported a revenue of 674 million yuan, reflecting a year-on-year growth of 11.26%, and a net profit attributable to shareholders of 30.74 million yuan, up by 25.88% [8]. - The company has distributed a total of 1.03 billion yuan in dividends since its A-share listing, with 81.52 million yuan distributed over the past three years [9]. Group 3: Market Position and Recognition - Huilong New Materials has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise by the Ministry of Industry and Information Technology, highlighting its strong market position and innovation capabilities [3]. - The company is actively expanding its international trade efforts, focusing on emerging markets along the Belt and Road Initiative, including countries like Indonesia, Pakistan, Thailand, and Turkey [3]. Group 4: Stock Performance and Trading Activity - On December 26, the stock price of Huilong New Materials increased by 2.12%, with a trading volume of 100 million yuan and a turnover rate of 3.84%, bringing the total market capitalization to 3.769 billion yuan [1]. - The stock has shown a net inflow of 2.3747 million yuan from major investors, indicating a lack of clear trend in major trading activity [4][5].

中国质量新闻网讯 近日，厦门市翔安区市场监管局牵线搭桥，推动"翔安百业"品牌与谷歌跨境电商加 速中心深度联动，成功举办"企业增长新路径：谷歌广告驱动企业品牌化出海"专题培训活动。此次培训 精准聚焦辖区中小企业跨境电商运营痛点，通过定制化课程与全方位服务，为"翔安百业"品牌提质增 效、拓展国际市场注入强劲动力，是该区优化营商环境、服务企业发展的具体实践。 当前，跨境电商已成为外贸增长的核心引擎，但翔安区不少中小企业在出海进程中屡屡碰壁，普遍面临 跨境运营经验匮乏、合规意识薄弱、海外市场渠道不畅等难题，制约了企业海外拓展的步伐。作为"翔 安百业"品牌培育的牵头单位，翔安区市场监管局始终将破解企业发展难题作为工作重点，通过前期深 入走访调研、组织企业座谈会等多种形式，精准捕捉企业在跨境电商领域的核心需求，最终敲定与谷歌 跨境电商加速中心携手，量身打造契合翔安企业实际的培训课程，全力打通企业跨境出海的"堵 点"与"难点"。 为推动培训成效真正落地生根，翔安区市场监管局在活动现场专门设立"翔安百业"品牌服务咨询台，安 排专人向企业详细解读品牌培育政策、知识产权保护流程及跨境电商相关扶持措施，为企业提供"一对 一"的精准 ...

Investment Rating - The report gives a "Buy" rating for the company, Jin Dawei (002626), marking the first coverage of the stock [1]. Core Views - Jin Dawei is a leading health supplement company in China with a comprehensive industry chain covering raw material supply, production, and brand operation. The company has a strong market position, particularly in coenzyme Q10, which has a global market share of 50-60% [12][59]. - The health supplement industry in China is expected to maintain a high single-digit growth rate from 2025 to 2027, driven by an aging population and new consumer trends. The online sales channel is becoming increasingly important, with e-commerce expected to account for over 50% of sales by 2024 [41][54]. - The company's revenue and net profit are projected to grow significantly, with net profits expected to reach 442.23 million yuan in 2025, reflecting a year-on-year growth of 29% [1][26]. Summary by Sections 1. Company Overview - Jin Dawei has established a full industry chain, including upstream raw materials like coenzyme Q10 and vitamins, and downstream brands such as Doctor's Best, which has become a significant player in the North American market [12][16]. - The company has a stable shareholding structure, with the largest shareholder holding 34.71% of the shares, ensuring strategic consistency [21][24]. 2. Health Supplement Industry - The health supplement market in China has grown from 70.135 billion yuan in 2010 to 232.339 billion yuan in 2024, with a CAGR of 8.93% [41]. - The aging population is a key driver for long-term demand in the health supplement sector, with the proportion of individuals aged 65 and above exceeding 14% in 2023 [42]. 3. Brand Development and Raw Material Contribution - Coenzyme Q10 is a leading product for Jin Dawei, with a strong market presence and expected growth in demand due to its health benefits [59]. - The company has diversified its brand portfolio, including products that cater to various health needs, and is expanding its presence in the domestic market through e-commerce channels [16][18]. 4. Financial Projections and Valuation - The company is projected to achieve a net profit of 442.23 million yuan in 2025, with an EPS of 0.73 yuan, indicating a favorable valuation compared to peers [1][26]. - The report highlights that the current P/E ratio is 28x for 2025, suggesting that the stock is undervalued relative to comparable companies [1].

Group 1 - The core viewpoint of the news is that Jiuding Investment has shown significant stock price performance, with a year-to-date increase of 52.70% and a recent 10.83% rise over the last five trading days [1] - As of December 26, Jiuding Investment's stock price reached 21.18 yuan per share, with a total market capitalization of 9.182 billion yuan [1] - The company has experienced net outflows of main funds amounting to 10.08 million yuan, with large orders showing a buy of 26.3013 million yuan and a sell of 32.4518 million yuan [1] Group 2 - Jiuding Investment, established on April 14, 1997, primarily engages in real estate development (65.58% of revenue), private equity investment management (24.06%), and construction (8.02%) [2] - The company is classified under the non-bank financial sector, specifically in asset management, and is involved in various concept sectors including margin trading and cross-border e-commerce [2] - As of September 30, 2025, Jiuding Investment reported a revenue of 132 million yuan, a year-on-year decrease of 30.55%, and a net profit loss of 49.934 million yuan, a decline of 812.93% [2] Group 3 - Jiuding Investment has distributed a total of 762 million yuan in dividends since its A-share listing, with 69.3665 million yuan distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 2.783 million shares, a decrease of 2.1437 million shares from the previous period [3]

● 本报记者王舒嫄 "10月以来，海外商家对宠物用品的访客规模同比呈现两位数增长。"阿里国际站相关负责人告诉中国证 券报记者，现在宠物经济的边界不断被刷新，已经进入"卷智能、拼健康、爱情绪"时代，一些数据可以 反映出来，例如，10月宠物保健品及补充剂品类订单同比增长超过58%、宠物猫抓板猫爬架品类订单同 比增长超过50%、宠物智能追踪器品类订单同比增长超过35%。 车允文举例道，今年上半年，公司向沃尔玛中间商交付了一整集装箱的圣诞主题宠物窝。这笔订单的客 户正是去年8月通过阿里国际站结识的。"当时客户行程紧张，表示无法来公司考察，我们通过平台了解 到其优质背景后，主动携带样品前往上海拜访，这份诚意最终打动了客户，促成了其工厂考察之 行。"车允文说。 圣诞宠物用品海外热销，是跨境电商助力外贸稳增长的生动写照。专家表示，随着跨境电商基础设施升 级，我国外贸将进一步融入全球产业链供应链核心环节，为高质量发展注入更持久动能。 销售数据亮眼 快速拓展市场 圣诞宠物用品的出海热潮，离不开跨境电商的强力支撑。 对于这一点，阿里国际站商家、无锡双珍针纺织工艺品有限公司外贸总经理车允文感受颇深："公司深 耕宠物窝垫、宠物毯等纺 ...

"我始终相信，家乡的好东西，值得被世界看见。"站在甘肃陇膳堂商贸有限公司的产品展厅里，32岁的 陈瑞目光坚定。 这位从陇南师专走出来的创业青年，用六年时间将公司打造成年销售额突破2500万元的行业标杆。他让 武都中药材、花椒等特色农产品，搭乘电商快车远销海外，成为乡村振兴路上的实干"先锋"。 陈瑞介绍甘肃陇膳堂商贸有限公司产品。本文配图均由新甘肃·甘肃日报记者 王睿君 摄 时间回到2015年。怀揣对电商的浓厚兴趣，陈瑞考入陇南师专电商学院。这里注重实践的教学模式，为 他提供了成长的沃土。"当时学校要求我们运营真实网店，我就试着卖家乡的苹果和百合。"陈瑞回忆 说。虽然初期月销售额只有两三千元，但完整的电商运营流程让他掌握了核心技能。 在校期间，陈瑞不仅成绩优异，还担任电商学院学生会主席和大学生电子商务协会会长。组织活动、参 加全国性电商竞赛并屡获佳绩，这些经历锻炼了他的综合能力，为创业积累了宝贵财富。 2018年毕业季，陈瑞果断创业，成立了甘肃陇膳堂商贸有限公司。"陇南物产丰饶，但传统销售渠道狭 窄，好产品卖不上好价钱。"陈瑞看到了痛点，也看到了机遇，"我想用所学知识为家乡做点实事。" 这个决定得到了陇南市、武 ...

证券日报网12月25日讯 ，联环药业（600513）在接受投资者提问时表示，公司通过"三整合一转变"的 销售改革，构建了遍布全国、远销欧美的营销网络，形成专业推广、招商、OTC、电商、进出口五条销 售线。其中电商渠道增长迅猛，达泊西汀与他达拉非组合的销售额中绝大部分来自电商平台。未来新零 售业务将持续发力，联环集团在北京成立了电商运营公司，同时联环药业在美国设立合资公司探索跨境 电商，引入海外保健品试水国内市场，逐步构建国内电商与跨境电商融合发展的模式。此外，公司通过 学术合作、终端深耕等方式巩固传统渠道，产品已从三级医院下沉至社区医疗机构，市场覆盖持续扩 大。 ...

Core Insights - The European market is becoming increasingly attractive for cross-border sellers, especially as U.S. tariffs and the removal of tax exemptions for small imports push companies to seek opportunities in Europe [1][2] - Chinese e-commerce platforms like Temu, SHEIN, and TikTok are rapidly expanding their presence in Europe, with significant increases in active users and localized strategies [1][3][4] Group 1: Market Dynamics - In 2024, China's exports to the EU reached $19.1 billion, surpassing exports to the U.S. which were $23.1 billion, indicating a shift in trade focus [1] - By June 2025, Temu's active users in Europe exceeded 120 million, while SHEIN's monthly users averaged 150 million, reflecting a growth of 11.6% year-on-year [1] - The competitive landscape in Europe is characterized by a mix of international giants and local players, with over 250-300 e-commerce platforms expected to operate by 2025, 45% of which will be from outside Europe [3][4] Group 2: Strategic Shifts - Temu and SHEIN have shifted their focus to Europe due to challenges in the U.S. market, with Temu's advertising spending in France and the UK increasing by 115% and 20% respectively [2] - Amazon is encouraging sellers to expand into Europe, offering incentives to reduce migration costs [2][4] - SHEIN's first permanent store opened in Paris, attracting over 50,000 customers shortly after launch, despite facing significant opposition [5][7] Group 3: Localized Strategies - Temu aims for 80% of its European orders to be fulfilled from local warehouses, reducing delivery times from two weeks to a few days [4] - TikTok Shop has expanded its presence in Europe, launching new sites and logistics services to enhance delivery efficiency [7][8] - SHEIN has established a logistics center in Poland to improve delivery times across Europe, aiming to cover major markets within 48 hours [13] Group 4: Regulatory Challenges - The European market is facing increased compliance requirements, with new regulations impacting cross-border e-commerce operations [11][12] - A new tax policy set to take effect in 2026 will eliminate tax exemptions for imports under €150, significantly affecting profit margins for sellers [13] - The regulatory environment is complex, with varying compliance standards across different European countries, adding to the challenges for e-commerce platforms [12]

Core Viewpoint - The company is actively expanding its e-commerce business, leveraging its supply chain advantages and exploring overseas markets, particularly in Southeast Asia, while monitoring the impact of the Hainan Free Trade Port policies [1] Group 1: E-commerce Operations - The company's wholly-owned subsidiary, Hainan Jiulianjiu E-commerce Co., Ltd., and Hainan Jiuai Zhihua Technology Co., Ltd. operate under the brand "Jiulianjiu" and have established flagship stores on major e-commerce platforms such as JD.com, Pinduoduo, and Douyin [1] - The company has over 5 million followers and nearly 10 million members across its platforms [1] Group 2: International Expansion - The company is actively exploring overseas business development based on its years of e-commerce operational experience and supply chain advantages [1] - It has established a live streaming base in Jakarta, Indonesia, and is providing full-chain e-commerce services through platforms like TikTok, Lazada, Tokopedia, and Shopee [1] Group 3: Market Monitoring - The company will continue to pay close attention to the developments in Hainan Free Trade Port policies to seize market opportunities [1]

大会同步开设商务对接与产品展示专区，助力制造商、贸易商、平台与服务商开展面对面洽谈。现场达 成多项采购、渠道、服务及技术合作意向。 近日，"2025面向南亚东南亚跨境电商大会"在昆明举行。国内外电商平台代表、知名企业、专家学者及 政府代表共聚一堂，共同探讨跨境电商发展新路径，推动区域数字贸易合作迈向深入。 本次大会以"链接南亚东南亚 共筑跨境电商新生态"为主题，聚焦政策沟通、资源共享、产业协同等关 键议题，强调跨境电商作为全球贸易数字化转型的重要引擎，正为区域经济合作注入新动力。会上，昆 明市相关部门就商贸资源、综合保税区及保税物流中心等重点项目作招商推介。知名电商平台代表分享 了行业趋势与市场策略；多家跨境金融服务机构针对支付、结算等痛点提出解决方案。 ...