Group 1 - The stock price of Xunxing Co., Ltd. (002098) has shown a fluctuating downward trend, closing at 10.05 yuan on February 12, down 5.46% from February 6 [1] - The company reported a revenue of 700 million yuan for Q3 2025, representing a year-on-year growth of 4.89%, but the net profit attributable to shareholders decreased by 13.44% [2] - In the first three quarters, the cumulative revenue grew by 9.20% year-on-year, while the net profit attributable to shareholders declined by 2.82%, primarily due to increased investment in cross-border e-commerce and rising costs [2] Group 2 - Institutional attention has been low recently, with only one institution giving a "buy" rating in the past 90 days [3] - The traditional zipper business remains stable, but the cross-border e-commerce segment is still in a consolidation phase, leading to significant performance volatility [3] - Current valuations are at historical average levels, and the market is cautious regarding the synergistic effects of the company's dual business model [3]