"策马寻春，花漫仓街"市集上人头攒动。 淮安里运河畔市集的积木摊主张孝泽，同样在新春市集里迎来了客流高峰。"春节期间太忙了，我连坐 下来休息一会儿的时间都没有。"他解释说，今年温暖宜人的天气，让景区人流量大幅提升，张孝泽每 天早上9点出摊，一直营业到晚上11点，忙得脚不沾地。为了契合新春节日氛围，他在积木选品上格外 用心，既有新春醒狮、生肖萌宠这类应景爆款，也有军事机甲、建筑模型、卡通形象等潮流款式，甚至 还有精致的街景系列与趣味盲盒积木，品类覆盖全年龄段喜好。"品种必须不断更新、贴近潮流，才能 持续吸引顾客的目光。"张孝泽透露，摊位销售额日均达3000元左右，同比增加约30%。 "这个假期，糕点每天要卖出六七百份。我腾不出手，许多食客自己动手取纸打包。"苏州仁恒仓街市集 梅花糕摊主丁皓颖告诉记者。他是泰州人，在苏州扎根数十年，与妻子一同经营梅花糕、海棠糕生意。 他们始终坚持传统做法，比如梅花糕牢牢抓住"香甜软糯"四大特点，豆沙的香、麦芽糖与红糖的甜，搭 配软糯的口感，缺一不可。为了保证口味正宗，原材料的选择格外严苛，豆沙选用东北大红豆与新疆大 红枣制作，现做现吃，因此收获了大批回头客。 □ 本报记者 杨民仆 ...

陈浩创作的绒花作品《千里江山》。 "策马寻春，花漫仓街"市集上人头攒动。 今年春节假期，江苏多地各类特色市集如雨后春笋般涌现，以非遗展演、民俗互动、特色文创、地道美 食为依托，串联起传统与潮流，不仅成为市民游客休闲消费的新场景，更激活了江苏文旅消费的新活 力。那么，市集为什么遍地开花、热度持续攀升？如何让市集真正成为彰显江苏地域特色、推动文旅融 合的重要载体？ 超高人气：匠心好物带动消费活力 "折叠灯是春节假期销售的爆款，每天都能卖出去20多盏。"2月22日，在南京夫子庙琵琶街市集，集吉 文创的工作人员黄雨杰开心地说。记者看到，门店内各式折叠灯错落摆放。折叠时为一枚小巧轻薄的方 块，当展开点亮，便绽放出惊艳的光影效果，引得不少游客拍照打卡。 作为2024年夫子庙文旅招商引入的文创品牌，集吉文创的折叠灯已斩获多项行业大奖。"我们的折叠灯 纯手工制作，核心材质选用杜邦纸，防水又防潮，适用于办公室、茶室、床头等多种场景。"黄雨杰介 绍。为了适配不同人群，折叠灯还推出了多款兼具年味与地域特色的限定款式。其中，新春应景的"添 福纳吉"款，由团队与杨家埠木版年画省级非遗代表性传承人杨志滨联名打造而成。设计融入传统门神 元 ...

Core Viewpoint - The challenges faced by cross-border e-commerce companies in seeking capital through A-share listings are highlighted, with a specific focus on the failed IPO attempts of Xiamen Dongang Technology Co., Ltd. [1][7] Company Overview - Dongang Technology, established in 2008, specializes in the research, production, and sales of professional mobile lighting tools, with over 200 product models, primarily focusing on folding lights and floodlights, which contribute over 50% of its main business revenue [3][5]. IPO Attempts and Challenges - Dongang Technology's IPO journey has been fraught with difficulties, having failed twice. The first attempt in September 2022 to list on the Shenzhen Stock Exchange was hindered by stringent revenue growth and R&D capability requirements, with a compound annual growth rate of only 4.91% from 2019 to 2021, falling short of the 20% threshold [5][7]. - The company withdrew its first IPO application in February 2023 due to slowing performance and doubts about its innovation capabilities, marking its first failure [7][11]. - After regrouping, Dongang attempted to list on the Beijing Stock Exchange in July 2023 but ultimately failed again after a year and a half of efforts [7][11]. Financial Performance - Dongang Technology's financial performance has been lackluster, with revenues of 263 million yuan in 2021, declining to 231 million yuan in 2022, and projected revenues of 221 million yuan in 2023 [11]. - The net profit decreased from 60.62 million yuan in 2021 to an estimated 51.99 million yuan in 2024, attributed to both macroeconomic factors and internal operational challenges [11][12]. Business Model and Risks - The company relies heavily on an ODM (Original Design Manufacturer) model, leading to structural risks due to high customer concentration, with its top three clients accounting for over 83% of sales [8][10]. - In 2022, a significant revenue drop of 60 million yuan occurred due to inventory adjustments by a major client, highlighting the vulnerability of its business model [8][10]. Industry Context - The mobile lighting sector is characterized by intense competition and low market concentration, with many companies facing similar challenges in capitalizing on cross-border opportunities [14][15]. - The global LED lighting market is experiencing slow growth, with a compound annual growth rate of only about 2%, indicating limited expansion opportunities for companies like Dongang Technology [14][15]. - The failures of Dongang Technology reflect broader issues faced by cross-border export companies, including the need to navigate international risks, establish brand presence, and diversify customer bases to mitigate risks [14][15][16].

Core Viewpoint - The Beijing Stock Exchange has decided to terminate the review of Xiamen Dongang Technology Co., Ltd.'s application for public stock issuance and listing due to the company's withdrawal of its application [1][3]. Company Overview - Xiamen Dongang Technology specializes in the research, production, and sales of professional mobile lighting tools, including various series such as folding lamps, floodlights, pocket lights, pen lights, long lights, and headlamps [3]. Application Details - The application for public issuance was initially accepted by the Beijing Stock Exchange on January 8, 2024, and the company submitted a withdrawal request on May 20, 2025 [3]. - The company intended to issue no more than 51,111,113 shares, with an option for an additional 15% (up to 7,666,666 shares) through an over-allotment option [4]. Fundraising Plans - Dongang Technology aimed to raise 26 million yuan, allocated for the construction of a high-end professional mobile lighting tool production base, a research and development center, and to supplement working capital [4][5]. - The total investment for the production base project is approximately 185.64 million yuan, with 184 million yuan expected to be funded from the raised capital [5]. Shareholding Structure - As of the signing date of the prospectus, the controlling shareholder and actual controller of Dongang Technology is Zhuang Junhui, who directly holds 83.14 million shares (54.22%) and indirectly controls an additional 22.5 million shares (14.67%), totaling 68.89% of the company's shares [3]. Underwriting Information - The lead underwriter for this issuance was China Merchants Securities Co., Ltd., with representatives Zhang Qian and Zhang Yang signing as the sponsoring representatives [6].