多点数智(02586)发布公告，董事会已综合考量公司当前业务运营的稳定性、其财务盈利的可持续性、 其对未来发展前景的坚定信心以及公司的股票市场表现及估值。董事会认为，公司股份的当前市值已低 于其内在价值。为有效维护公司的价值及全体股东的权益，以及传递管理层对公司长期发展的信心，董 事会建议实施股份回购。 作为领先的AI零售解决方案提供商，公司的业务保持正向增长态势。在技术创新层面，公司始终以AI 为核心驱动力，聚焦零售全流程需求。其持续迭代优化产品矩阵，推出针对行业痛点的新AI功能模 组。公司以技术革新赋能零售数智化转型，其核心技术优势与产品竞争力长期领跑行业。在客户拓展层 面，公司同步推进国内及海外市场佈局。在国内，其深化与行业标桿客户的合作，积极开拓优质新伙 伴;在海外，公司的业务版图稳步扩张，成功与多家国际领先零售商建立深度合作。于2025年上半年， 公司已与合共438家国内外领先零售客户达成合作，客户网络的覆盖範围与品质同步提升。 依托先进AI技术及不断完善的产品矩阵，公司持续为零售客户赋能，在提升运营效率、扩大经营收入 等关键领域创造核心价值，获得广泛认可及信赖。于2025年上半年，净收入留存率达1 ...

依托先进AI技术及不断完善的产品矩阵，公司持续为零售客户赋能，在提升运营效率、扩大经营收入 等关键领域创造核心价值，获得广泛认可及信赖。于2025年上半年，净收入留存率达107%，进一步巩 固了行业领先优势。此外，基于对零售行业的深耕及AI技术的融合应用，公司创新推出AI新质零售服 务，从零售本质出发助力门店数智化升级，进一步强化客户赋能能力。 智通财经APP讯，多点数智(02586)发布公告，董事会已综合考量公司当前业务运营的稳定性、其财务盈 利的可持续性、其对未来发展前景的坚定信心以及公司的股票市场表现及估值。董事会认为，公司股份 的当前市值已低于其内在价值。为有效维护公司的价值及全体股东的权益，以及传递管理层对公司长期 发展的信心，董事会建议实施股份回购。 作为领先的AI零售解决方案提供商，公司的业务保持正向增长态势。在技术创新层面，公司始终以AI 为核心驱动力，聚焦零售全流程需求。其持续迭代优化产品矩阵，推出针对行业痛点的新AI功能模 组。公司以技术革新赋能零售数智化转型，其核心技术优势与产品竞争力长期领跑行业。在客户拓展层 面，公司同步推进国内及海外市场佈局。在国内，其深化与行业标桿客户的合作，积极 ...

董事会已综合考量公司当前业务运营的稳定性、其财务盈利的可持续性、其对未来发展前景的坚定信心 以及公司的股票市场表现及估值。董事会认为，公司股份的当前市值已低于其内在价值。为有效维护公 司的价值及全体股东的权益，以及传递管理层对公司长期发展的信心，董事会建议实施股份回购。 格隆汇11月19日丨多点数智(02586.HK)公告，董事会通过一项决议案，批准公司在股份回购授权范围内 以自有资金(不包括公司于香港联合交易所有限公司主板上市所筹集的任何所得款项)回购股份。回购期 限自董事会批准日起至公司将于2026年举行应届股东周年大会结束时止。公司拟将所购回的股份作为库 存股处理，未来可根据需要予以注销、出售或转让(包括根据股权激励计划进行转让)。 依托先进AI技术及不断完善的产品矩阵，公司持续为零售客户赋能，在提升运营效率、扩大经营收入 等关键领域创造核心价值，获得广泛认可及信赖。于2025年上半年，净收入留存率达107%，进一步巩 固了行业领先优势。此外，基于对零售行业的深耕及AI技术的融合应用，公司创新推出AI新质零售服 务，从零售本质出发助力门店数智化升级，进一步强化客户赋能能力。 与此同时，公司的经营业绩保持 ...

进博会现场，海鼎AI产品经理对海鼎智能平台的强大能力进行了全面演示，其清晰流畅的讲解与直观 生动的展示，吸引了众多参会嘉宾的目光，引发了广泛关注。 11月5日-10日，第八届中国国际进口博览会于上海盛大启幕，作为全球瞩目的盛会，进博会汇聚了来自 世界各地的顶尖科技与创新成果，成为各行业展示前沿实力、拓展国际合作的绝佳舞台。海鼎，作为商 业数智化领域的先锋力量，携一系列AI新产品与合作伙伴百联科创中心一起惊艳亮相进博会"创新孵化 专区" ，为全球零售行业的智能化变革注入全新动能。 此次进博会上，海鼎重点展示的海鼎智能平台（HAI）、AI巡检及智能补货三大解决方案 ，凝聚了海 鼎在AI技术研发与零售场景应用融合上的深厚功力，彰显出强大的创新实力与前瞻性布局。 海鼎智能平台（HAI Retail Intelligence Platform）作为海鼎数智经营的核心枢纽，集成了智能问数、 智能导购、智能检查等多种前沿功能，帮助零售企业实现了数据的有效治理、知识的沉淀和共享以及智 能能力与业务系统的深度融合， 为零售企业提供了一个全方位的智慧解决方案。进博会现场，海鼎产 品经理从三个零售企业常见的应用场景为大家详细展示了 ...

Summary of Multi-Point Intelligence Conference Call Company Overview - Multi-Point Intelligence focuses on AI retail core solutions and AI value-added services, with the former being a SaaS system covering the entire retail chain and the latter including smart loss prevention, cash register, and remote monitoring services. Since 2022, these two business segments have contributed equally to revenue [2][3][4]. Financial Performance - In the first half of 2025, the company reported revenue of 1.08 billion RMB, a year-on-year increase of 15%, with a net profit of 62 million RMB. After excluding employee costs, the net profit was 77 million RMB [2][4]. - The revenue from Wumart and other related parties accounted for 73% of the company's income in the first half of 2025 [3][11]. Competitive Advantages - Multi-Point Intelligence's core competitive advantage lies in its focus on the retail industry, providing comprehensive solutions that break down data silos and achieve data integration, outperforming large foreign systems like SAP and Oracle, as well as regional domestic suppliers [2][5]. Future Growth Projections - The company anticipates a revenue growth rate of 15% to 20% over the next two to three years. It has signed a contract with Singapore's POST OFFICE, expected to generate annual revenue in the tens of millions RMB range. Ongoing negotiations with key domestic clients are also in progress [2][6]. Virtual Asset Trading Initiatives - Multi-Point Intelligence is actively expanding into virtual asset trading, applying for a stablecoin issuance license to better serve overseas clients like Dell and Samsung, enhancing payment convenience [7][8]. - Plans include acquiring a Hong Kong company with brokerage and asset management licenses, and collaborating with Circle to test the Arc public chain, which is faster and more secure than Ethereum. This will allow for more transactions using USDC [8][9]. AI Technology Applications - AI technology is applied in various areas to enhance retail service effectiveness, including rapid scanning and extraction of product information, precise marketing based on consumer behavior analysis, and improved logistics efficiency through transportation management systems [10]. - The company has launched an independent AI module, the remote monitoring system, which has been implemented in over 500 convenience stores, generating revenue through a 6% commission on nighttime sales [10]. Business Model Sustainability - The recent increase in the cooperation agreement limit with Wumart is due to the ability to charge for new retail services, ensuring the sustainability of the business model. The company plans to charge third parties for these services in the future [11].

Core Viewpoint - Youzan (08083) has seen a significant increase in stock price, rising over 10% in early trading, attributed to its announcement of a transfer application to the main board of the Hong Kong Stock Exchange, which is expected to enhance its valuation if successful [1] Group 1: Stock Performance - Youzan's stock price increased by 9.69%, reaching HKD 0.215, with a trading volume of HKD 15.1325 million [1] Group 2: Corporate Actions - Youzan submitted an application for a transfer to the main board on October 28, 2025, under the main board listing rules Chapter 9B, without issuing new shares [1] - According to Guozheng International's report, the current valuation of the company is negatively impacted by its listing on the Hong Kong Growth Enterprise Market, and a successful transfer to the main board could improve its valuation due to better operational performance [1] Group 3: Strategic Partnerships - Youzan announced a collaboration with TCL Industries to explore the application of AGI (Artificial General Intelligence) in retail scenarios, aiming to reshape the "people-goods-market" relationship [1] - Additionally, Youzan has formed a strategic partnership with BeBeBus, a leading brand in the maternal and infant sector, to explore the deep application of AGI in maternal and infant consumption scenarios [1]

演讲伊始，汤劲武先生便抛出一个核心观点：零售业的竞争范式已发生根本性转变。"过去粗放式的'增加人手与预算'难以为继，未来的胜负手在于谁能构 建起'数据→推理→闭环'的高效曲线。" 他指出，在零售与CPG领域，在架率、价签一致性、陈列执行这些看似传统的运营指标，正成为新的增长效率杠杆。而企业的核心竞争力将体现在两道护城 河上：一是数据的广度与新鲜度，二是将数据转化为可执行决策的推理能力。 为厘清行业演进路径，汤劲武先生系统性地阐述了零售AI的三次浪潮： 9月16日至18日，备受瞩目的2025 SPAR国际互联零售峰会与供应链峰会在北京隆重召开。作为全球零售界的年度盛事，本次峰会聚焦数字化时代下的零售 创新与供应链增效。朗镜科技（Trax中国）创始人兼CEO汤劲武（James Tang）受邀出席并发表主题演讲，以前沿的行业洞察与技术实践，为现场来宾勾勒 出一幅零售智能化的未来图景。 · 第一浪潮·数字化记录：将业务搬至线上，实现"有据可查"。 ▲朗镜科技 （Trax中国）CEO汤劲武在SPAR峰会发表演讲 ▲峰会现场嘉宾云集 · 第二浪潮·自动化识别：利用CV/OCR技术，解决"看见"的问题，实现"有图可看"。 ...

Core Viewpoint - Alibaba has introduced the concept of "Super Artificial Intelligence" (ASI) during the "2025 Cloud Habitat Conference," aiming to create an "Android system for the AI era" [1] Company Summary - HuTongDa Network (09878) saw its stock price increase by over 8% during trading, closing at 15.36 HKD with a transaction volume of 25.50 million HKD [1] - In August, HuTongDa Network entered into a comprehensive cooperation with Alibaba Cloud, focusing on the construction of intelligent agent matrices and the exploration of data asset value [1] - The company has launched the "QianCheng Cloud AI Intelligent Model" in 2023, integrating with Alibaba's "Tongyi Qianwen" for enhanced marketing efficiency through AI-driven tools [1] - HuTongDa plans to deploy over 13 AI agents in collaboration with Alibaba Cloud, targeting retail and industrial scenarios in lower-tier markets [1] - Northeast Securities believes that HuTongDa's long-standing focus on lower-tier markets positions it well as an AI-driven comprehensive service provider, leveraging resources from Alibaba and government [1]

（编辑 王雪儿） 证券日报网讯 汉朔科技9月18日在互动平台回答投资者提问时表示，公司持续关注全球市场的数字化升 级趋势，并同步推进新客户开拓与存量市场的设备换新的机会。根据DISCIEN（迪显咨询）数据，预计 2026年全球出货量中，存量更新需求将达到20%，2027年这一比例将提升至28%。公司经过多年全球战 略的深入发展，积累了较多全球头部零售品牌客户，部分客户陆续进入存量换新期，将为公司带来存量 更新需求订单。 ...

Core Viewpoint - 汇通达网络's stock price increased by over 11%, reflecting positive market sentiment following the announcement of its new AI-driven SaaS system for retail management [1] Group 1: Business Developments - 汇通达网络's "千橙云AI智能大模型" has fully integrated its SaaS system for store, product, order, and review management, enhancing operational efficiency [1] - The system is now connected to major platforms such as Taobao Flash Purchase, Ele.me, Meituan, and Douyin, facilitating instant retail and local life order processing for various retail stores in lower-tier markets [1] - The company is expanding its system capabilities to KA clients and collaborating with multiple chain brands to enhance cross-platform digital management [1] Group 2: Financial Outlook -浦银国际's report indicates that汇通达网络's strategic business adjustments are showing early positive results, with profit margins reaching historical highs [1] - The firm anticipates a rapid revenue rebound for the company in the second half of the year [1] Group 3: Strategic Partnerships - 阿里巴巴 remains the largest institutional shareholder of 汇通达网络, holding over 16% of shares [1] - On August 8, 汇通达网络 signed a comprehensive cooperation agreement with 阿里云 to explore innovations in AI and digital solutions, focusing on cloud computing and rural market digitization [1]