（文章来源：证券日报） 证券日报网讯 12月17日，爱美客在互动平台回答投资者提问时表示，二级市场股价受多方面因素综合 影响，公司始终坚持长期可持续发展理念，聚焦主营业务，持续优化产品结构，强化创新驱动，不断提 升核心竞争力与抗风险能力，夯实企业内在价值，推动业绩稳步增长，切实维护广大股东权益。 ...

Core Insights - The future may see the emergence of "one-person unicorn companies," where a single CEO manages multiple AI agents, while human employees evolve into "goal architects" who can leverage AI to enhance their capabilities and deliver greater value [1][4]. Group 1: Future of Work - Human employees will not be easily replicable, whereas "super intelligent agents" can be infinitely replicated, enabling rapid global expansion for companies [1][4]. - The core competitive advantage for future enterprises will hinge on three key aspects: early adoption and use of AI agents, selection of the most advanced AI agents, and continuous training of these agents using closed-loop data to enhance their capabilities [1][4]. Group 2: Strategic Recommendations - Companies should prioritize early and swift integration of AI agents into their operations [1][4]. - The importance of utilizing closed-loop data for ongoing training of AI agents is emphasized as a critical factor for success [1][4].

Core Insights - The eighth session of the Senior Marketing Officer Training Program for SMEs in Shanghai successfully concluded, organized by the Shanghai SME Development Service Center and hosted by the Shanghai Jiao Tong University National Strategic Research Institute [1][3] Group 1: Program Overview - The training program lasted for three months and included six days of intensive sessions, with nearly 200 participants primarily from "specialized, refined, distinctive, and innovative" enterprises, brand companies, and some state-owned and large platform enterprises [1][3][13] - A total of over 950 senior management talents have been trained through the program across its eight sessions [13] Group 2: Course Content and Structure - The curriculum was designed around three core modules: strategic transformation and innovation practice, marketing strategies and channel expansion, and brand building and digital operations [13] - The program included various activities such as team building, experience sharing, thematic discussions, enterprise diagnosis, resource matching, and company visits to enhance the professional skills and capabilities of the participants [13] Group 3: Future Aspirations - The director of the Shanghai SME Development Service Center expressed hopes for participants to maintain an open mindset, embrace change, and continuously learn new skills to build core competitiveness for their enterprises [3] - There is an emphasis on creating a value ecosystem among entrepreneurs, promoting collaboration for mutual benefits, and enhancing government-enterprise communication to achieve coordinated development [3]

Core Viewpoint - The company aims to enhance its core competitiveness and value creation capabilities through improved management in various areas such as brand, market, innovation, qualifications, talent, and industrial layout [1] Group 1 - The company will continue to strengthen management in brand, market, innovation, qualifications, talent, and industrial layout [1] - The focus is on enhancing core competitiveness to improve overall company value [1] - The company is committed to delivering excellent operating performance to reward shareholders [1]

Core Insights - The focus on quality enterprises reflects market recognition and expectations for sustained expertise in their fields [1][3] - Companies that prioritize internal capabilities and long-term value creation over rapid growth are more likely to gain market respect [3] Group 1: Company Growth and Market Expectations - Companies' growth follows an inherent rhythm, requiring careful nurturing and adherence to natural cycles [1] - Investors are increasingly valuing sustainable business models, continuous innovation, and sound governance structures [1][3] Group 2: Value Creation and Industry Contribution - The value of a company is multidimensional, encompassing not only market performance but also contributions to technological advancement, customer service, and industry ecosystems [3] - Maintaining strategic focus amidst market expectations is crucial for companies to deliver tangible results and uphold trust [3] Group 3: Long-term Development Philosophy - The capital market favors companies that embrace long-termism and focus on core innovation, even if their paths are not the quickest [3] - Over time, the true value of companies will emerge, particularly those that consistently create value and drive industry progress [3]

Core Competitiveness - Core competitiveness includes unique capabilities and resources that meet customer needs and create value in competition [1][2] - Competitive advantage refers to a state where a company has an edge over others in a specific business area [1] - Identifying key success factors is crucial for ensuring a company maintains competitive advantages [1] Value Chain Analysis - Value chain analysis breaks down a company's activities into a series of value-adding activities to identify the most valuable ones [1] - Core competitiveness is influenced by various factors such as the founder's personality, the company's mission, values, culture, goals, vision, resource allocation, innovation capability, and market adaptability [1] Evolution of Core Competitiveness - Changes in resource allocation and integration efficiency can lead to shifts in a company's core competitiveness [2] - A company can stand out in a competitive market by leveraging its core competitiveness to enhance the value of its products and services over time [2]

Core Viewpoint - The management of Kuncai Technology (603826) expresses confidence in the industry and the company's core competitiveness, emphasizing a commitment to enhancing operational capabilities and profitability to create greater value for shareholders [1] Group 1 - The company will continue to focus on production and operations as a foundation for growth [1] - There is a strong emphasis on improving core competitiveness and profitability [1] - The management aims to provide substantial returns to all shareholders [1]

Group 1 - The company, Everbright Jiabao (600622), has developed its own resource endowment and core competitiveness over several years of operation [1] - Key strengths include a professional talent team, a comprehensive business system, and a strong shareholder background and brand image [1]

Core Insights - The survival rate of Chinese enterprises has decreased, with the three-year survival rate dropping from 83.9% to 76%, indicating a harsher business environment [1][2] - The average lifespan of small and medium-sized enterprises (SMEs) in China is only 2.5 years, with a significant number failing within the first few years [2][3] Group 1: Business Environment - The highest mortality rate for enterprises has shifted to the first three years, with 8.2%, 9.4%, and 6.4% of businesses failing in their first, second, and third years respectively [1][2] - The data suggests that the market's tolerance for failure has decreased, necessitating faster maturation of businesses [2] Group 2: Entrepreneurial Spirit - Successful entrepreneurs must possess two critical qualities: introspection and a balance of pessimism and optimism [13][15] - Entrepreneurs should focus on internal solutions and adapt to external conditions rather than blaming the environment for failures [14][23] Group 3: Causes of Business Failure - The essence of business failure is linked to the weakening of core competitiveness, which ultimately leads to bankruptcy [20][23] - Many reasons cited for business failure, such as poor financial management or market conditions, are often just symptoms of a deeper issue related to a lack of core competitiveness [21][22][23]

Group 1: Core Competencies - The company has established long-term stable partnerships with renowned enterprises such as China Resources Beverage, Coca-Cola, and Danone, enhancing its customer advantage [2][3] - The company holds over 130 patents, including various structural designs and manufacturing equipment for bottle caps, showcasing its technological and R&D strengths [3][4] - A strong management team with extensive experience in R&D, production, and quality management supports the company's operational efficiency and competitive edge [4] Group 2: Product Quality and Safety - The company emphasizes product quality and safety, adhering to the principle of "quality as life," which has earned it a high reputation in the industry [5] - The products have been recognized as "Guangdong Province Famous Products," reflecting their quality and reliability [5] Group 3: Capacity Planning and Market Expansion - The company plans its production capacity in two phases, expanding existing product lines while reserving space for future product development [6] - Following the acquisition of Xiangzhao Technology, the company has entered the pull-tab cap and condiment cap markets, enhancing its product range and competitiveness [6] - A new production base for pull-tab caps is set to be operational in 2024, with plans for further international market expansion through trade shows and online platforms [6]