这家总部位于厦门的公司成立于 2016 年，在截至 2024 年 12 月 31 日的 12 个月内实现了 200 万美元的 营收。该公司计划在纳斯达克上市，股票代码为 SUWA。此次交易的唯一承销商是Kingswood Capital Markets。该公司尚未披露定价条款。 智通财经APP获悉，中国3D人像摄影服务提供商速哇3D摄影(SUWA.US)于周一向美国证券交易委员会 提交了上市申请，计划通过首次公开募股筹集至多 3000 万美元。 该公司为各类企业提供 3D 人像摄影服务，主要市场在中国。其提供的产品包括 3D 摄影亭、打印设备 以及配套软件，这些产品供应给那些以自有品牌或客户品牌销售 3D 画像、雕像和微型风景画的商业客 户。截至 2024 年 12 月 31 日，该公司在中国大陆的 20 个省份以及全球 9 个国家(包括澳大利亚、沙特 阿拉伯和韩国)拥有客户。 ...

速哇3D摄影（Sharewow）是一家总部位于中国、为企业提供3D人像摄影服务的公司，该公司于周一向美国证券交易委员会 (SEC) 提交了首次公开募股 (IPO) 申请，拟募集资金至多3000万美元。该公司计划在纳斯达克上市，股票代码为SUWA。 最新招股书链接： https://www.sec.gov/Archives/edgar/data/2051146/000121390025092660/ea0225045-09.htm 该公司主要在中国为企业提供3D人像摄影服务。其产品包括3D摄影棚、打印设备和支持软件，供应给以自有品牌和客户品牌销售3D人像、小雕像和微缩 景观的企业客户。截至2024年12月31日，Sharewow的客户遍布中国大陆20个省份和全球9个国家，包括澳大利亚、沙特阿拉伯和韩国。 未披露任何定价条款。 版权声明：所有金准资本的原创文章，转载须联系授权，并在文首/文末注明来源、作者，否则金准资本将向其追究法律责任。部分文章推送时未能与原 作者或公众号平台取得联系。若涉及版权问题，敬请原作者联系我们。 上市架构： 这家总部位于中国厦门的公司成立于2016年，在截至2024年12月31日的12 ...

Economic Activity - The latest Federal Reserve Beige Book indicates that overall economic activity in the U.S. has remained nearly unchanged over the past six weeks, with most regions reporting "flat or slight declines" [1] - Out of the 12 Federal Reserve districts, 11 reported no significant changes in economic activity, while one district experienced a slight decline [1] - Consumer spending is reported to be "flat or declining," primarily due to wage growth lagging behind rising prices, putting more pressure on household budgets [1] Inflation and Costs - All regions reported varying degrees of price increases, with 10 districts describing inflation as "moderate or modest," while two districts reported "strong input cost growth" [1] - Tariffs have led to price increases across nearly all regions, particularly in industries heavily reliant on imports, with businesses passing on costs through price hikes [2] - A local coffee roaster in New York noted that tariffs on Brazilian coffee and other raw materials have impacted the entire supply chain [2] Employment Market - The employment levels across 11 districts were reported to be "almost unchanged," with only one district noting a slight decline [2] - There is a noticeable reduction in immigrant labor, particularly in the construction sectors of New York, Richmond, St. Louis, and San Francisco, exacerbated by stricter immigration policies [2] - While white-collar candidates prefer remote or hybrid work, there is less selectivity in accepting job offers, whereas physical labor positions remain easier to fill despite an overall contraction in job numbers [2] Consumer Behavior - Rising living costs have increased demand for basic needs among low-income groups, affecting spending patterns [1] - Due to slow wage growth, consumer purchasing power has declined, leading to more cautious spending behavior [3] Federal Reserve Outlook - The Beige Book reflects a weak economic situation, increasing market expectations for a rate cut by the Federal Reserve in September [3] - Analysts suggest that if the August non-farm payroll report is poor, it will almost "lock in" the decision for a rate cut in September [3] - A potential 25 basis point cut is anticipated as a moderate measure to balance inflation and employment concerns [3]

Core Insights - The cross-border e-commerce sector is entering a "new battlefield" with emerging markets such as the Middle East, Latin America, Japan, South Korea, India, and Australia becoming focal points for Chinese sellers [1][2] - Supply chain capabilities are increasingly critical, as global economic fluctuations put pressure on fulfillment and logistics, with consumers demanding higher standards in delivery efficiency and return services [1][2] Group 1: New Market Opportunities - Chinese cross-border sellers are expanding their focus beyond traditional markets like Europe and Southeast Asia to include new regions [1] - Brazil's e-commerce market, although nascent, shows a strong preference for rapid delivery, with 66% of consumers prioritizing price and promotions, followed by 45% valuing fast delivery [1] Group 2: Supply Chain Resilience - The concept of a resilient supply chain is becoming essential for cross-border sellers, as they face challenges in logistics and customer service [3][4] - Companies like Happy Jump have recognized the importance of logistics efficiency, achieving same-day delivery in major Australian cities through partnerships with platforms like Amazon [4][6] Group 3: Key Findings from Reports - Amazon's report highlights that 62.5% of surveyed sellers aim to enhance local service capabilities, while 41% focus on improving delivery performance [2][11] - The report outlines four pillars for building resilient supply chains: global network layout, regional service grid, end-to-end digitalization, and value-added benefits [11][12] Group 4: Trends in Supply Chain Development - The rise of global supply chain services is evident, with companies focusing on niche logistics services to enhance competitive differentiation [18][19] - The "Supply Chain as a Service" model is lowering barriers for businesses entering international markets by providing modular and intelligent operational solutions [19] - Advanced technologies like AI and robotics are driving significant efficiency improvements in logistics processes [19][21] Group 5: Sustainability in Supply Chains - Sustainability is becoming a critical factor in supply chain strategies, with companies adopting eco-friendly practices to meet consumer expectations and regulatory requirements [21][22] - A survey indicates that 26% of businesses view sustainability as a key influence on their supply chain strategies, highlighting its growing importance in global trade [21][22]

Group 1 - The core viewpoint of the news is the successful listing of Rongda Technology on the Hong Kong Stock Exchange, attracting significant investor interest with a fundraising total of 184 million HKD [1] - The opening price of Rongda Technology reached 16.6 HKD, a 66% increase from the issue price, indicating strong market demand [1] - Despite fluctuations, the company's market capitalization stabilized at approximately 1.444 billion HKD, reflecting positive market performance [1] Group 2 - Rongda Technology is a leading global supplier of Automatic Identification Data Capture (AIDC) devices and solutions, with products sold in over 140 countries and regions [1] - The company has received several prestigious titles, including national high-tech enterprise and "little giant" enterprise, and holds hundreds of core patents, showcasing its strong technological capabilities [1] - Financial data indicates that Rongda Technology's revenue for 2022 to 2024 is projected to be 393 million, 349 million, and 350 million CNY respectively, showing stable revenue despite some fluctuations [3] - As of the end of 2024, the company's cash and cash equivalents are reported at 7.61 million CNY, which may impact its financial flexibility [3] - The listing marks a significant milestone for the company, and its future performance will depend on how it utilizes the raised funds to enhance R&D, expand sales networks, and improve its financial situation [3]

Core Viewpoint - The stock performance of Rongda Technology (09881.HK) has been disappointing since its listing on June 10, 2023, with a significant decline in share price and market capitalization, contrasting sharply with other successful IPOs in the Hong Kong market [2][4][5]. Group 1: Stock Performance - Rongda Technology's stock price fell by 10.19% on July 4, 2023, closing at 9.7 HKD per share, resulting in a market capitalization of only 919 million HKD [2]. - Since its peak on the first trading day at 17.56 HKD per share, the company has experienced a cumulative decline of over 44% [4]. - The stock has dropped below its initial offering price of 10 HKD per share, marking a new low since its listing [4]. Group 2: Company Overview - Rongda Technology specializes in automatic identification and data collection (AIDC) devices and solutions, with a product range that includes printing equipment, scales, POS terminals, and PDAs [4]. - The company’s main product, printing equipment, is expected to account for nearly 70% of its revenue in 2024 [4]. - The company offers over 100 standard products that incorporate AIDC technology, IoT, cloud printing, and AI, serving various industries such as retail, education, and healthcare [4]. Group 3: Financial Performance - The company's revenue is projected to decline from 393 million RMB in 2022 to 350 million RMB in 2024, with annual profits of 37.44 million RMB, 27.60 million RMB, and 41.34 million RMB over the same period [5]. - The current dynamic P/E ratio of Rongda Technology exceeds 20, which is considered high for a traditional industry, leading to a lack of investor confidence [5]. Group 4: Legal Issues - On July 3, 2023, Rongda Technology received a civil lawsuit from Xiamen Top Electronics Co., Ltd., alleging infringement of trade secrets and seeking approximately 200 million RMB in damages [5][6]. - The lawsuit is set to be heard on July 22, 2025, and the company plans to actively defend itself against the allegations [6][8].

Core Viewpoint - The stability of the supply chain is crucial for the success of companies going global, and enhancing supply chain resilience has become a new engine for growth [1][2]. Group 1: Supply Chain Challenges - Global supply chain instability is increasingly affecting cross-border businesses, making timely delivery to consumers a significant challenge [2]. - Companies like PHOMEMO and Giant Star Technology have experienced operational difficulties due to logistics issues, leading to increased costs and unstable delivery times [4][9]. - The traditional logistics network is inadequate for the demands of cross-border e-commerce, necessitating an integrated smart logistics network for optimal fulfillment [1]. Group 2: Success Stories - PHOMEMO improved its conversion rate from 10% to 20% and doubled its revenue by utilizing Amazon's FBA logistics service, which provided better delivery time visibility to consumers [4][6]. - Giant Star Technology's revenue grew from 6.63 billion yuan in 2019 to 14.795 billion yuan in 2024, largely due to brand building and resilient supply chain capabilities [9]. - Happy Jump leveraged Amazon's logistics network to enter new markets, achieving same-day delivery in major Australian cities, which provided a competitive advantage [12]. Group 3: Logistics Efficiency - The last-mile delivery is critical in the supply chain, and Amazon's FBA service excels in this area, achieving over 96% next-day delivery efficiency in the U.S. market [13]. - Companies like倍思奇 have successfully integrated AGL, AWD, and FBA services to enhance logistics efficiency and reduce costs [15]. - TAILI utilized Amazon's FBA and AWD services to manage inventory effectively, resulting in significant cost reductions and explosive growth in new markets [24]. Group 4: Strategies for New Entrants - New companies entering the global market should focus on product testing and utilize Amazon's logistics tools to ensure timely delivery and positive consumer feedback [28][31]. - It is recommended to prioritize FBA over FBM for shipping to enhance conversion rates and customer satisfaction [33][34]. - Companies should prepare for peak sales seasons by accurately forecasting demand and managing inventory to avoid stockouts or excess inventory [21][19]. Group 5: Long-term Outlook - Building a resilient supply chain is essential for companies to navigate uncertainties and achieve sustainable growth in international markets [36]. - Companies are encouraged to collaborate with third-party logistics providers like Amazon to optimize operational costs and improve service quality [27].

Core Viewpoint - Weihai is accelerating the promotion of its industrial economy through five key areas: stabilizing industrial growth, building advantageous industries, promoting industrial innovation, deepening the integration of digital and physical industries, and strengthening transformation advantages [2][5]. Group 1: Industrial Growth - In the first four months of this year, Weihai's industrial added value increased by 8.5%, and the profit margin of industrial enterprises above designated size was 6.8% [2]. - The city aims for an annual industrial added value growth of around 7.5% and plans to support leading enterprises like Weihai Hengbang and Honglin Electric to achieve development targets of 20 billion and 10 billion respectively [2][3]. - Weihai will implement over 600 industrial technological transformation projects with investments exceeding 5 million [2]. Group 2: Advantageous Industries - Weihai will optimize the promotion mechanism for 10 advantageous industrial chains and hold over 30 activities to strengthen these chains [3]. - The city plans to cultivate 100 new advantageous enterprises, including provincial-level specialized and innovative enterprises [3]. - Strategic emerging industries such as new-generation information technology, new materials, modern medicine, and low-altitude economy will be accelerated, with future-oriented industrial parks being planned [3]. Group 3: Industrial Innovation - Focus will be placed on cutting-edge technologies in new materials like carbon fiber, enhancing research and development capabilities [3]. - Four provincial-level manufacturing innovation centers will be established, and around 180 provincial-level enterprise technology innovation projects will be implemented [3]. Group 4: Digital and Physical Integration - Weihai will accelerate the construction of computing power projects and deepen data utilization to create industrial models for specific sectors [4]. - The city will support leading enterprises in "chain-style" transformations and promote the establishment of "industrial brains" and provincial-level industrial internet benchmarks [4]. - Digital industrialization projects, including integrated circuits, will be implemented to ensure that the core value added of the digital economy remains stable at around 5.5% of GDP [4]. Group 5: Transformation Advantages - Weihai will continue to enhance the core competitiveness of its manufacturing sector by focusing on high-end, green, and service-oriented development [4][5]. - The city has implemented actions to elevate the level of industrial clusters, aiming to strengthen eight major industrial clusters and develop a modern industrial system with Weihai characteristics [5]. - The revenue of the manufacturing industry cluster showed steady growth, with a year-on-year increase of 7% in the first quarter [5].

Core Viewpoint - Weihai City is prioritizing industrial economy as a key driver for economic growth, implementing a three-year action plan for new industrialization to enhance both speed and quality of industrial development [2][3]. Group 1: Industrial Economic Growth - The industrial added value of Weihai is projected to grow by 8.4% in 2024, surpassing the provincial growth rate by 0.1 percentage points [2]. - From January to April this year, the industrial added value increased by 8.5%, ranking sixth in the province, while the industrial operating income profit margin reached 6.8%, the highest in the province [2]. - The proportion of high-tech industry output in the total industrial output is expected to reach 73% in 2024, leading the province [2]. Group 2: Investment and Structural Changes - Industrial technological transformation investment grew by 16% from January to April, exceeding the provincial growth rate of 6.1% [2]. - The number of billion-dollar enterprises in the industrial sector increased from 2 in 2022 to 6, with a total of 857 high-quality enterprises recognized at the provincial level [2]. Group 3: Policy Implementation and Support - The Weihai Industrial and Information Technology Bureau is committed to implementing the "number one project" in industrial economy, focusing on policy measures and collaboration to drive industrial growth [3][10]. - A new round of incentives for enterprise expansion is being developed to support leading companies in achieving significant growth targets [4]. Group 4: Innovation and Digital Transformation - Weihai is focusing on integrating technology and industry, promoting collaborative innovation through partnerships between enterprises and research institutions [6][7]. - The city aims to enhance digital infrastructure, with plans to build over 900 new 5G base stations, facilitating the digital transformation of industries [8]. Group 5: Sustainable Development and Quality Improvement - Efforts are being made to enhance the competitiveness of manufacturing through high-end, green, and service-oriented strategies, including the promotion of quality management practices [9]. - The city plans to establish 20 green manufacturing demonstration units to support sustainable industrial practices [9].

Group 1: IPO Performance - The Hong Kong Stock Exchange welcomed three IPOs on June 10: Rongda Technology, New Qian'an, and MetaLight, with the IPO profit effect still ongoing [1][11] - MetaLight experienced a significant drop of over 30% on its first trading day, while Rongda Technology and New Qian'an saw increases of over 40% and 20%, respectively [1][11] - The subscription ratios for institutional investors were relatively low, with MetaLight at 2.49 times, and Rongda Technology and New Qian'an below 1 time [9][10] Group 2: Company Profiles - **Rongda Technology**: A global supplier of automatic identification and data collection (AIDC) devices, with projected revenues of approximately 348.7 million and 350.1 million in 2023 and 2024, respectively [4][6] - **New Qian'an**: A leading manufacturer of food-grade glycine and sucralose, with a global market share of approximately 5.1% in sales volume and 3.1% in sales revenue for food-grade glycine in 2023 [5][6] - **MetaLight**: Operates a mobile app "Che Lai Le," providing real-time bus arrival information, with revenues projected to grow from 135.4 million in 2022 to 206.1 million in 2024 [8][9] Group 3: Market Trends - The Hong Kong IPO market has seen a significant increase in fundraising, with total IPO proceeds exceeding 77.6 billion HKD in 2023, a more than sevenfold increase compared to the previous year [12][15] - The "new share" profit effect is evident, with 31 new stocks listed this year, of which only 9 experienced a decline on their first day [13][15] - The overall sentiment in the market has improved due to advancements in AI technology, leading to increased participation from both institutional and individual investors [15][16]