2025 年 06 月 19 日 研 多邻国（DUOL.O）：AI 技术重塑教育生态，订 阅驱动增长与全球化布局构筑盈利护城河 究 报 告 "悟界"系列大模型，高德开放平 台发布智能眼镜解决方案》2025- 06-12 行（WRD.O）：Robotaxi 领航出海， 平台化战略加速全球化商业兑现》 2025-06-09 3 、 《 计 算 机 行 业 周 报 ： DeepSeekR1-0528 升级，字节扣子空 间上线一键转播客功能》2025-06- 06 行 业 推荐(维持) 事件 分析师：宝幼琛 S1050521110002 baoyc@cfsc.com.cn 联系人：谢孟津 S1050123110012 xiemj@cfsc.com.cn 行业相对表现 | 表现 | 1M | 3M | 12M | | --- | --- | --- | --- | | 计算机(申万) | 0.4 | -12.5 | 35.4 | | 沪深 300 | -0.1 | -3.4 | 9.8 | 资料来源：Wind，华鑫证券研究 多邻国官网发布 2025 年第一季度财报,公司当季实现总营收 2.307 亿美元，同比增长 38 ...

Core Insights - The annual convenience store conference will be held in Fuzhou, serving as a significant gathering for industry professionals to reflect on the past year and look forward to future developments [1] - The themes of the conference over the past decade reflect the industry's evolution and the challenges faced by convenience retail in adapting to new market dynamics [2][4] Group 1: Conference Themes and Evolution - The conference themes from 2015 to 2017 focused on early exploration, emphasizing market potential and expansion opportunities [4][6] - From 2018 to 2020, the themes highlighted the transition to a new era for convenience stores, with an emphasis on standardization, localization, and foundational improvements [8][12] - The themes from 2021 to 2024 indicate a shift towards developing an ecosystem for convenience stores, focusing on high-quality development and the integration of technology [10][14] Group 2: Competitive Landscape - The convenience store industry is currently facing blurred boundaries in competition, with challenges from various sectors such as snack shops, discount stores, and delivery platforms [3][15] - The competition has evolved from traditional peer rivalry to a broader challenge from diverse industries, necessitating a redefinition of value and innovation in the convenience store model [18][34] Group 3: Strategic Responses - To survive and thrive in the new competitive landscape, convenience stores must embrace innovation, differentiate their offerings, and leverage data insights to better understand consumer needs [19][20] - The shift from membership to subscription models is emerging as a strategy to enhance customer loyalty and engagement, focusing on delivering long-term value rather than just price [21][23] Group 4: Case Studies and Best Practices - Successful convenience store brands in Taiwan, such as 7-ELEVEn and FamilyMart, are adapting by introducing multi-functional stores that cater to community needs and enhance customer experience [28][30] - These brands are leveraging technology and innovative service offerings to transform their stores into community hubs, thereby increasing foot traffic and customer loyalty [32][34]