融券方面，美之高1月7日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元；融 券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，深圳市美之高科技股份有限公司位于深圳市罗湖区宝安北路3008号宝能中心E栋33层01-04 号，成立日期2002年7月8日，上市日期2021年7月5日，公司主营业务涉及塑胶制品、五金制品、木器制 品、竹制品、藤制品、柳制品、布制品,产品广泛运用于工业、商业及家庭等。主营业务收入构成为： 家用类70.10%，其他类16.73%，工业类13.17%。 截至9月30日，美之高股东户数2555.00，较上期减少29.36%；人均流通股21745股，较上期增加 39.53%。2025年1月-9月，美之高实现营业收入3.64亿元，同比减少7.52%；归母净利润-438.37万元，同 比减少126.88%。 分红方面，美之高A股上市后累计派现6106.58万元。近三年，累计派现5883.82万元。 来源：新浪证券-红岸工作室 1月7日，美之高跌2.15%，成交额6033.56万元。两融数据显示，当日美之高获融资买入额269.23万元， ...

余胜海/文 2026年，"十五五"规划大幕拉开，经济高质量转型迈入深水区。一边是超长期特别国债持续加码释放的政策活水，一边是AI技术重构产业生态的浪潮，消费 市场也早已从"追风口、逐热点"转向"重品质、看内核"。多重变量交织下，中小企业的日子过得并不轻松：融资难像块压在胸口的石头，合规要求升级让人 提心吊胆，巨头挤压下订单难拿，劳动力短缺更是常年困扰。有数据为证，2025年中小企业存活率仅62%，也就是说每10家企业里，就有近4家熬不过一 年。其实面对复杂形势，中小企业不用盲目跟风扩张，更该沉下心打磨核心能力，从政策借势、产品扎根、数字提效、融资抗险四个维度精准发力，就能在 风浪中站稳脚跟，实现可持续发展。 一、借势而为：精准承接政策红利，降低经营成本 2026年国家超长期特别国债规模持续扩容，截至2025年底已发行1.3万亿元，较2024年多增3000亿元，这股国家级资金"活水"正精准流向实体经济。但很多 中小企业老板都有同感：政策红利从来不会"自动落袋"，盲目申报只会白费功夫、空耗精力。青岛雪达集团技术质量部长张洪宾就曾吃过信息滞后的 亏，"以前快到申报截止日期才看到政策，只能手忙脚乱补材料，甚至有政策过 ...

来源：新浪证券-红岸工作室 12月26日，美之高跌2.19%，成交额7709.03万元。两融数据显示，当日美之高获融资买入额252.39万 元，融资偿还0.00元，融资净买入252.39万元。截至12月26日，美之高融资融券余额合计994.04万元。 截至9月30日，美之高股东户数2555.00，较上期减少29.36%；人均流通股21745股，较上期增加 39.53%。2025年1月-9月，美之高实现营业收入3.64亿元，同比减少7.52%；归母净利润-438.37万元，同 比减少126.88%。 分红方面，美之高A股上市后累计派现6106.58万元。近三年，累计派现5883.82万元。 融券方面，美之高12月26日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，深圳市美之高科技股份有限公司位于深圳市罗湖区宝安北路3008号宝能中心E栋33层01-04 号，成立日期2002年7月8日，上市日期2021年7月5日，公司主营业务涉及塑胶制品、五金制品、木器制 品、竹制品、藤制品、柳制品、布制品, ...

来源：新浪证券-红岸工作室 12月25日，美之高跌1.84%，成交额8203.23万元。两融数据显示，当日美之高获融资买入额249.41万 元，融资偿还0.00元，融资净买入249.41万元。截至12月25日，美之高融资融券余额合计990.99万元。 融资方面，美之高当日融资买入249.41万元。当前融资余额990.99万元，占流通市值的0.51%，融资余 额超过近一年90%分位水平，处于高位。 截至9月30日，美之高股东户数2555.00，较上期减少29.36%；人均流通股21745股，较上期增加 39.53%。2025年1月-9月，美之高实现营业收入3.64亿元，同比减少7.52%；归母净利润-438.37万元，同 比减少126.88%。 分红方面，美之高A股上市后累计派现6106.58万元。近三年，累计派现5883.82万元。 融券方面，美之高12月25日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，深圳市美之高科技股份有限公司位于深圳市罗湖区宝安北路3008号宝能中心E栋33层01 ...

融券方面，美之高12月23日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 来源：新浪证券-红岸工作室 12月23日，美之高跌5.09%，成交额1.29亿元。两融数据显示，当日美之高获融资买入额210.43万元， 融资偿还0.00元，融资净买入210.43万元。截至12月23日，美之高融资融券余额合计1118.44万元。 融资方面，美之高当日融资买入210.43万元。当前融资余额1118.44万元，占流通市值的0.57%，融资余 额超过近一年90%分位水平，处于高位。 资料显示，深圳市美之高科技股份有限公司位于深圳市罗湖区宝安北路3008号宝能中心E栋33层01-04 号，成立日期2002年7月8日，上市日期2021年7月5日，公司主营业务涉及塑胶制品、五金制品、木器制 品、竹制品、藤制品、柳制品、布制品,产品广泛运用于工业、商业及家庭等。主营业务收入构成为： 家用类70.10%，其他类16.73%，工业类13.17%。 截至9月30日，美之高股东户数2555.00，较上期减少29.36%；人均流通股 ...

来源：新浪证券-红岸工作室 12月9日，美之高跌0.92%，成交额1001.59万元。两融数据显示，当日美之高获融资买入额31.25万元， 融资偿还0.00元，融资净买入31.25万元。截至12月9日，美之高融资融券余额合计379.90万元。 资料显示，深圳市美之高科技股份有限公司位于深圳市罗湖区宝安北路3008号宝能中心E栋33层01-04 号，成立日期2002年7月8日，上市日期2021年7月5日，公司主营业务涉及塑胶制品、五金制品、木器制 品、竹制品、藤制品、柳制品、布制品,产品广泛运用于工业、商业及家庭等。主营业务收入构成为： 家用类70.10%，其他类16.73%，工业类13.17%。 截至9月30日，美之高股东户数2555.00，较上期减少29.36%；人均流通股21745股，较上期增加 39.53%。2025年1月-9月，美之高实现营业收入3.64亿元，同比减少7.52%；归母净利润-438.37万元，同 比减少126.88%。 分红方面，美之高A股上市后累计派现6106.58万元。近三年，累计派现5883.82万元。 融资方面，美之高当日融资买入31.25万元。当前融资余额379.90万元，占 ...

Core Points - The company has completed the registration change of its capital and the amendment of its Articles of Association [1] - The new registered capital is 126,077,200 yuan [1] - The company operates in furniture production and sales, among other business activities [1] Summary by Sections - **Company Registration Change** - The company held a board meeting on November 7, 2025, and a shareholder meeting on November 26, 2025, to approve the changes [1] - The registration change has been completed, and a new business license has been issued by the Zhejiang Provincial Market Supervision Administration [1] - **Company Information** - Name: Zhongyuan Home Furnishing Co., Ltd. - Unified Social Credit Code: 913305007302929303 - Registered Capital: 126,077,200 yuan - Type: Joint-stock company (listed, natural person investment or control) [1] - Established on: November 16, 2001 - Legal Representative: Cao Yong - Address: Tangpu Industrial Park, Dipu Street, Anji County [1] - **Business Scope** - The company is engaged in furniture production and sales, sales of furniture accessories, mattresses, massage equipment, electronic products, import and export of goods, production and sales of paper products, sponge products, hardware products, and sales of home decorations [1]

Core Insights - The 2025 China (Zhejiang) Cross-Border E-commerce Import and Export Trade Fair has officially commenced, attracting global cross-border sellers, buyers, industry experts, and service providers to explore new opportunities in cross-border e-commerce [1][2] Group 1: Event Overview - The trade fair covers an exhibition area of 50,000 square meters, featuring over a thousand well-known domestic and international e-commerce platforms, service providers, and source factories [2] - The event includes five distinctive exhibition areas: Overseas Factory Area, Quality Industrial Belt and Supply Chain Area, Future Business Technology Ecosystem Area, Full-Chain Service Ecosystem Area, and Boutique Imported Goods Area, creating a comprehensive platform for cross-border e-commerce [2] Group 2: Exhibition Highlights - The A1 Hall showcases major international cross-border platforms like Shopee, Ozon, Walmart, and Trendyol, serving as a vital resource hub for merchants seeking to expand into overseas markets [4][6] - The B1 Hall integrates flagship platforms such as Alibaba International Station and AliExpress, providing a full-service ecosystem that includes financial payment, e-commerce training, and operational support for cross-border sellers [7][9] - The C1 Hall features cutting-edge technology applications, including generative AI and digital marketing, with innovative companies like Yushutech demonstrating significant advancements in automation [10][12] - The D1 Hall focuses on full-chain services for cross-border e-commerce, showcasing platforms like Amazon and logistics service providers, while also highlighting local industrial strengths [14][16] - The E1 Hall serves as a key display area for imported goods, featuring products like pet supplies and new energy vehicles, emphasizing the quality and appeal of imported items [16] Group 3: Conference and Discussions - The Global Cross-Border E-commerce Ecosystem Conference, held concurrently, featured discussions on the future of digital trade and cross-border e-commerce, with participation from industry leaders and experts [17][19] - The conference included thematic discussions on emerging markets and strategies for leveraging platforms like TikTok Shop to enhance sales during major promotional events [21]

Core Viewpoint - The company Meizhi Gao experienced a decline in stock price and trading volume, with significant changes in financing and shareholder metrics, indicating potential challenges in its financial performance and market position [1][2]. Financing Summary - On November 21, Meizhi Gao's stock price fell by 2.33%, with a trading volume of 18.77 million yuan. The financing buy-in amount for the day was 1.59 million yuan, while there were no financing repayments, resulting in a net financing buy-in of 1.59 million yuan [1]. - As of November 21, the total financing and securities lending balance for Meizhi Gao was 4.54 million yuan, which represents 0.20% of its market capitalization. This financing balance is below the 50th percentile level over the past year, indicating a low level of financing activity [1]. - In terms of securities lending, there were no shares repaid or sold on November 21, with a securities lending balance of 0.00 shares, which is at the 90th percentile level over the past year, indicating a high level of securities lending activity [1]. Financial Performance Summary - For the period from January to September 2025, Meizhi Gao reported operating revenue of 364 million yuan, reflecting a year-on-year decrease of 7.52%. The net profit attributable to the parent company was -4.38 million yuan, a significant decline of 126.88% compared to the previous year [2]. - The number of shareholders for Meizhi Gao as of September 30 was 2,555, a decrease of 29.36% from the previous period. The average number of circulating shares per shareholder increased by 39.53% to 21,745 shares [2]. Dividend Summary - Since its A-share listing, Meizhi Gao has distributed a total of 61.07 million yuan in dividends. Over the past three years, the cumulative dividend payout has been 58.84 million yuan [3].

Summary of Key Points Core Viewpoint - The company Meizhi has shown a slight increase in stock price and low financing activity, indicating a potential opportunity for investors to consider its current valuation and market position. Group 1: Stock Performance and Financing - On October 24, Meizhi's stock rose by 0.57% with a trading volume of 61.97 million yuan [1] - The financing buy-in amount for Meizhi on the same day was 567,200 yuan, with no financing repayment, resulting in a net financing buy-in of 567,200 yuan [1] - As of October 24, the total financing and securities lending balance for Meizhi was 2.4268 million yuan, which is 0.12% of its market capitalization, indicating a low financing balance compared to the past year [1] Group 2: Shareholder and Financial Data - As of June 30, the number of shareholders for Meizhi was 3,617, a decrease of 5.02% from the previous period [2] - The average number of circulating shares per shareholder increased by 34.89% to 15,585 shares [2] - For the first half of 2025, Meizhi reported operating revenue of 22.9 million yuan, a year-on-year decrease of 3.76%, and a net profit attributable to shareholders of -1.8234 million yuan, a decline of 115.42% [2] Group 3: Dividend Information - Since its A-share listing, Meizhi has distributed a total of 61.0658 million yuan in dividends, with 58.8382 million yuan distributed over the past three years [3]