Core Insights - Hebei Xiong'an Suchao Trading Co., Ltd. has been established with a registered capital of 200,000 RMB and is represented by Li Yulong [1] Business Scope - The company operates in various sectors including sales of shoe materials, clothing accessories, retail of shoes and hats, internet sales (excluding items requiring permits), bag sales, toy sales, clothing and apparel retail, home goods sales, leather sales, daily necessities sales, and miscellaneous daily goods sales [1] - Additional services include leasing (excluding licensed leasing services), agricultural product sales, personal internet live streaming services, rubber product sales, construction materials sales, plastic product sales, metal materials sales, non-metal minerals and products sales, insulation materials sales, synthetic materials sales, construction decoration materials sales, machinery equipment leasing, and various technical services [1] - The company is also involved in road cargo transportation (excluding hazardous goods) as a licensed project, which requires approval from relevant authorities before operation [1]

Economic Overview - Jiangsu Province's economy has shown overall stability and progress from January to October, with steady growth in industrial and consumption sectors [1] - The province has focused on maintaining employment, supporting enterprises, stabilizing markets, and managing expectations, leading to effective implementation of macroeconomic policies [1] Industrial Performance - From January to October, the industrial added value of enterprises above designated size increased by 6.8% year-on-year, with a 5.8% increase in October alone [1] - Key sectors such as equipment manufacturing, high-tech manufacturing, and digital core product manufacturing grew by 8.0%, 11.7%, and 9.4% respectively [1] - The computer, communication, and other electronic equipment manufacturing sectors saw a significant growth of 12.3%, while the railway, shipbuilding, aerospace, and other transportation equipment manufacturing sectors grew by 18.1% [1] Consumer Market - The total retail sales of consumer goods reached 38,816.8 billion yuan from January to October, marking a 4.0% year-on-year increase [1] - In October, retail sales of household appliances and audio-visual equipment, as well as computers and related products, surged by 7.4% and 48% respectively [1] - The wholesale and retail sales of enterprises above designated size increased by 5.1% and 7.6% year-on-year, while the accommodation and catering industry saw increases of 2.7% and 5.1% respectively [1] Investment Trends - Fixed asset investment in the province decreased by 8.7% year-on-year from January to October, with infrastructure investment down by 2.2% [2] - Notably, investment in the electricity and heat production and supply industry, as well as in loading, unloading, and warehousing, grew by 22.9% and 27.2% respectively [2] - Manufacturing investment declined by 4.1%, but the rate of decline narrowed by 0.4 percentage points compared to the previous nine months, while real estate development investment fell by 19.8% [2] Financial Sector - As of the end of October, the balance of RMB deposits in financial institutions reached 26.9 trillion yuan, reflecting a year-on-year growth of 7.4% [2] - The balance of RMB loans stood at 28.1 trillion yuan, with a year-on-year increase of 9.5% [2]

Group 1 - The core point of the article is that Kaikai Industrial (SH 600272) held a temporary board meeting on November 21, 2025, to discuss the election of the chairman of the board [1] - For the first half of 2025, the revenue composition of Kaikai Industrial was as follows: wholesale accounted for 74.48%, retail for 18.18%, medical services for 4.42%, leasing income for 1.77%, and others for 1.14% [1] - As of the report date, the market capitalization of Kaikai Industrial was 3.7 billion yuan [1]

Core Insights - A new company, Changsha Jiuzhuo Trading Co., Ltd., has been established with a registered capital of 500,000 RMB [1] Company Overview - The legal representative of the company is Zhao Youli [1] - The business scope includes licensed projects such as food sales, internet food sales, and alcoholic beverage operations, which require approval from relevant authorities [1] - General projects include internet sales (limited to pre-packaged food), food import and export, daily necessities sales, and various consulting services [1] Business Activities - The company is authorized to engage in the sale of health food (pre-packaged), household appliances, sanitary products, cosmetics, and clothing [1] - The company can also conduct marketing planning and information technology consulting services [1] - The business activities are subject to legal regulations and approvals where necessary [1]

天眼查App显示，近日，六安市亨顺商贸有限公司成立，法定代表人为黄恒迪，注册资本10万人民币， 经营范围为许可项目：酒类经营；食品销售（依法须经批准的项目，经相关部门批准后方可开展经营活 动，具体经营项目以相关部门批准文件或许可证件为准）一般项目：保健食品（预包装）销售；食品互 联网销售（仅销售预包装食品）；食品销售（仅销售预包装食品）；农副产品销售；互联网销售（除销 售需要许可的商品）；日用百货销售；日用杂品销售；食用农产品零售；食用农产品批发；个人卫生用 品销售；家用电器销售；个人互联网直播服务（除许可业务外，可自主依法经营法律法规非禁止或限制 的项目）。 ...

天眼查App显示，近日，邯郸富翔商贸有限公司成立，法定代表人为任丽娟，注册资本5万人民币，经 营范围为一般项目：建筑材料销售;建筑防水卷材产品销售;金属材料销售;五金产品批发;日用百货销售; 家具销售;办公用品销售;家用电器销售;电子产品销售;消防器材销售;道路货物运输站经营;信息咨询服务 （不含许可类信息咨询服务）;供应链管理服务;租赁服务（不含许可类租赁服务）;互联网销售（除销售 需要许可的商品）;互联网安全服务;组织文化艺术交流活动;会议及展览服务;国际货物运输代理;普通货 物仓储服务（不含危险化学品等需许可审批的项目）;装卸搬运;电子过磅服务;运输货物打包服务;包装 服务;仓储设备租赁服务（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许可项目： 道路货物运输（不含危险货物）;道路货物运输（网络货运）;城市配送运输服务（不含危险货物）;国际 道路货物运输;互联网信息服务（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经 营项目以批准文件或许可证件为准）。 ...

Group 1 - The company Kunming Xingcheng Xinhao Trading Co., Ltd. has been established with a registered capital of 30,000 RMB [1] - The legal representative of the company is Xu Xiaoli [1] - The business scope includes retail of tobacco products, internet sales of food, food sales, and liquor operations [1] Group 2 - The company is authorized to engage in various agricultural product activities, including production, sales, processing, transportation, and storage [1] - It also includes retail and wholesale of edible agricultural products, fresh fruits, and vegetables [1] - Additional services offered include sales of daily necessities, office supplies, packaging services, and sales of toys and jewelry [1]

Group 1 - A new company named Xinyu Sifuni Trading Co., Ltd. has been established with a registered capital of 10,000 RMB [1] - The legal representative of the company is Zhou Yunting [1] - The business scope includes a variety of sales activities such as daily necessities, footwear, maternal and infant products, labor protection supplies, and internet sales [1] Group 2 - The company is authorized to engage in the wholesale and retail of shoes and hats, as well as the sale of leather products and home goods [1] - It also includes the sale of jewelry, stationery, and arts and crafts products, excluding items that require special permits [1] - The company is permitted to operate independently based on its business license without needing further approvals for most activities [1]

Core Viewpoint - *ST Modern announced the convening of its sixth board meeting to discuss related party guarantees and reported its revenue composition for the first half of 2025 [1][2] Group 1: Company Announcement - The sixth board meeting of *ST Modern was held on November 18, 2025, in Guangzhou to review proposals regarding guarantees provided by the actual controller and related parties for subsidiaries [1] - The company reported a market capitalization of 1.9 billion yuan as of the announcement date [2] Group 2: Revenue Composition - For the first half of 2025, the revenue composition of *ST Modern was as follows: 38.7% from cable accessories and related businesses, 35.4% from offline wholesale and retail, 22.07% from other business revenues, and 3.82% from online wholesale and retail [1]

天眼查App显示，近日，湛江市耀瑞商贸有限公司成立，注册资本1万人民币，经营范围为一般项目： 互联网销售（除销售需要许可的商品）；服装服饰批发；家政服务；专业保洁、清洗、消毒服务；咨询 策划服务；箱包销售；日用品销售；日用百货销售；食用农产品批发；礼品花卉销售；玩具销售；文具 用品零售；办公用品销售；母婴用品销售；体育用品及器材零售；珠宝首饰零售；五金产品零售；化妆 品零售；装卸搬运；餐饮管理；包装服务；外卖递送服务；居民日常生活服务；人力资源服务（不含职 业中介活动、劳务派遣服务）；广告制作；广告设计、代理；市场营销策划；技术服务、技术开发、技 术咨询、技术交流、技术转让、技术推广；供应链管理服务。（除依法须经批准的项目外，凭营业执照 依法自主开展经营活动）许可项目：互联网信息服务；城市配送运输服务（不含危险货物）；食品销 售；食品互联网销售。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以 相关部门批准文件或许可证件为准）。 ...