Core Insights - The "San Niu Hui Pai Pai" platform has attracted many small and medium-sized producers by offering a model where supply can be exchanged for equity in listed companies, along with leveraging platform traffic to boost sales [1][3] - The platform's user base rapidly grew to tens of thousands, with daily sales exceeding 100 million, making it an attractive option for producers [1] - The model quantifies producers' contributions in terms of supply scale, product quality, and delivery efficiency, allowing them to earn equity based on their production contributions [1][3] Industry Transformation - The platform assists potential brands in incubation, providing support from market positioning to operational promotion and capital connection, thus enabling producers to aspire for capital growth [3] - The shift from "pure supply" to "ecological partnership" signifies a change in mindset for producers, moving towards a model where contributions lead to shared benefits [3] - As more merchants join the platform and its ecosystem expands, the concept of "production equals equity" is expected to become the norm, replacing traditional views of focusing solely on production [3]

Core Viewpoint - A new business model introduced by a Hong Kong-listed company through its platform "San Niu Hui Pai Pai" has disrupted traditional e-commerce by sharing capital dividends among consumers, producers, and the platform itself, leading to rapid user growth and significant sales performance [1][3]. Group 1: Market Dynamics - Traditional commercial systems suffer from an imbalance in value distribution, where consumers drive revenue growth without benefiting from stock price increases or dividends, while small producers face high costs and low profits [3]. - The "San Niu Hui Pai Pai" platform addresses this imbalance by implementing a "capital binding" logic, allowing consumers' spending to convert into "contribution value" that can be exchanged for equity in the listed company, and producers' contributions to be quantified similarly [3][5]. Group 2: Performance Metrics - The platform has seen impressive market performance, with user numbers quickly surpassing tens of thousands and daily sales exceeding 100 million, all achieved without relying on traditional large-scale subsidies [5]. - The platform's ability to incubate brands is noteworthy, as it empowers brands through digitalization and capital connection, leading to increased market share and some brands initiating capitalization plans [5]. Group 3: Technological Support - The success of this model is supported by the synergy of three technologies: digital economy, blockchain, and RWA (Real World Assets), which together enhance cost efficiency, ensure transparent rights distribution, and facilitate the digitalization of consumption and production assets [6]. Group 4: Future Trends - Industry experts predict that the "three-party sharing of listed capital dividends" will become a core logic of healthy business in the next 5-10 years, requiring consumers to develop a "shareholder consciousness" and producers to focus on consumer demand [8].