制图:李斌(即梦AI生成) 1月26日，曾是深圳跨境电商铺货模式标杆的有棵树科技股份有限公司，正式宣布拟将公司名称变更 为"行云科技股份有限公司"，证券简称同步调整为"行云科技"，证券代码"300209"保持不变。 2024年12月，长沙市中级人民法院裁定确认有棵树重整计划执行完毕并终结重整程序。在此过程中，王 维及其一致行动人通过认购资本公积金转增股份，合计取得公司18.00%的股份，取代原实控人肖四 清，成为有棵树第一大股东。这一股权变动，为后续公司的"换血"埋下伏笔，也让有棵树的发展方向开 始向新股东阵营倾斜。 2025年10月，有棵树召开临时股东大会，完成董事会提前换届选举。原董事长肖四清、总经理肖燕等核 心管理层全员离任，王维提名的7名董事全部当选，占据董事会全部席位，刘海龙出任新董事长，张文 担任总经理和法定代表人。至此，有棵树的决策层与管理层完全由新股东主导，创始团队彻底退出公司 经营，为后续的品牌更名扫清了治理层面的障碍。 不过，股东内斗并未完全平息，因部分原管理层未履行离任交接义务，公司2025年第三季度财务报告迟 迟未能发布，子公司业务交接也一度受阻。 尘埃落定 突出核心产业投资人的企业品 ...

Core Viewpoint - The recent financial report of Youkeshu Group reveals a mixed performance, with an 80% decline in revenue but a successful turnaround in net profit, highlighting ongoing challenges in the cross-border e-commerce sector and internal management issues [2][3][6]. Financial Performance - Youkeshu's revenue for the first half of 2025 was 42.57 million yuan, a decrease of 81.33% from 228.08 million yuan in the same period last year, representing a drop of 185.51 million yuan [6]. - The company achieved a net profit of 1.88 million yuan, recovering from a loss of 30.88 million yuan in the previous year, while the net profit excluding non-recurring items improved from a loss of 47.59 million yuan to a loss of 9 million yuan [6]. - Operating cash flow showed a net outflow of 8.33 million yuan, but this was an improvement of 80.7% year-on-year [6]. Company Background - Established in 2010, Youkeshu was a pioneer in China's cross-border e-commerce, focusing on electronics, outdoor gear, and home goods, and experienced explosive growth from 2015 to 2019 [3]. - At its peak, Youkeshu's annual sales exceeded 5 billion yuan, operating in over 200 countries with more than 3,000 employees [3]. Challenges Faced - The company faced significant setbacks in 2021 due to a wave of account suspensions on Amazon, leading to the freezing of hundreds of stores and over 100 million yuan in funds, which severely impacted operations [6]. - The ongoing internal power struggle within the company has raised concerns about its future direction and management effectiveness [8]. Internal Management Issues - The sixth board meeting of Youkeshu in August 2025 was rejected with 4 votes against and 3 in favor, highlighting ongoing disputes over control and governance [8]. - The main shareholder, Wang Wei, and the current board members have been involved in a protracted conflict, with legal actions and regulatory scrutiny complicating the situation [8].