智能购物车需求的增长背后，是门店数字化从流程电子化向运营智能化的跃迁。一方面，消费者希望获 得更顺畅、更即时的购物体验。另一方面，零售商需要在更细颗粒度上提升人效、优化运营并提升转 化。 除客户进展外，汉朔科技在AI驱动智能购物车方向也持续推进生态化战略布局。公司通过投资西安超 嗨网络科技有限公司，进一步强化产品与技术能力体系。 据悉，双方也会在行业交流与国际展会等场景中开展协同展示与经验分享，推动以AI驱动的门店数字 化基础设施能力向更广泛的海外市场传播。汉朔科技将持续强化AI能力在智能终端上的数据服务能 力，并完善平台化交付体系。公司将加速在全球零售场景中实现规模化复制与商业化落地，为长期稳定 增长夯实基础。 AI及大数据驱动的全场景数字化解决方案再上新台阶 在澳洲大型连锁超市中，顾客正推着能够自动扫码、实时计费并支持自助结账的购物车轻松购物，无需 再排队等待结账。这一改变在当地也引发关注，并登上相关社会新闻。 智能购物车需求的增长，体现了门店数字化需求的升级。一方面，全球消费者对沉浸式、高效率、非接 触式购物体验的需求持续提升。另一方面，零售商在数字化运营、人力成本优化与精准营销等方面也存 在迫切需求。 ...

根据 Cognitive Market Research 的数据，全球智能购物车市场规模预计到2030年将增长至97.7亿美元。 Data Intelo 的报告则更为乐观，预测该市场在2032年将增长至146.8亿美元。 近年来，汉朔已从以电子价签及先进无线通信协议为主的物联网智能方案解决商，成功升级为以AI和 大数据驱动的零售全场景平台型解决方案公司。公司业务覆盖智能终端、AI技术、机器人等多个领 域，并致力于打造能够覆盖全场景数字化零售需求的综合能力体系。汉朔近年来持续围绕AI+零售积极 布局。此次与伍尔沃斯的战略合作，是公司产业升级的重要里程碑。合作再次验证了汉朔快速响应国际 大客户深度需求的竞争力，以及将技术创新能力高效转化为商业化收入的能力。 面向未来，据悉，双方也会在行业交流与国际展会等场景中开展协同展示与经验分享，推动以AI驱动 的门店数字化基础设施能力向更广泛的海外市场传播。汉朔将持续强化AI能力在智能终端上的数据服 务能力，并完善平台化交付体系。公司将加速在全球零售场景中实现规模化复制与商业化落地，为长期 稳定增长夯实基础。 AI及大数据驱动的全场景数字化解决方案再上新台阶 在澳洲大型连锁超 ...

Core Viewpoint - Walmart is transitioning its primary listing from the New York Stock Exchange to Nasdaq, marking it as the largest company to make such a move, reflecting its strategic shift towards technology and AI integration [2][4]. Group 1: Strategic Shift - The move to Nasdaq is seen as a deliberate action to align Walmart's image with its future-focused ecosystem, emphasizing its transformation from a traditional retailer to a technology-driven company [4][8]. - Walmart's CEO Doug McMillon highlighted that significant changes within the company necessitated this transition, aiming to ensure stakeholders recognize Walmart's evolution [2][4]. Group 2: AI Integration - Walmart is actively integrating AI to enhance operational efficiency, including inventory automation, demand forecasting, logistics management, and theft reduction, which can lead to substantial cost savings across its global stores [4][5]. - The introduction of AI shopping assistants and smart shopping carts aims to improve the in-store shopping experience, showcasing Walmart's commitment to technological advancements [7][8]. Group 3: Competitive Positioning - Walmart's strategy of attracting both low-income and high-income consumers enhances its competitive edge against Amazon, particularly through its membership service Walmart+, which offers benefits like free delivery on online orders [8][10]. - The company is leveraging its ability to provide same-day delivery, positioning itself to capture market share from weaker retailers that have not invested in e-commerce or logistics automation [10]. Group 4: Financial Implications - The transition to Nasdaq may support higher valuation levels for Walmart, aligning it more closely with tech-oriented companies, which could justify a higher price-to-earnings ratio [10].

Core Viewpoint - HanShuo Technology (301275.SZ) is a well-known provider of digital solutions for retail stores, focusing on electronic price tag systems as part of its smart retail comprehensive solutions [1] Group 1: Company Overview - The company offers a complete digital store solution product portfolio, which includes AI cameras, inspection robots, and smart shopping carts, built around the electronic price tag system [1] - HanShuo Technology emphasizes its investment and layout in the field of artificial intelligence, aiming to enhance the digitalization level of retail stores through technologies like machine vision [1] Group 2: Market Strategy - The company will continue to monitor the application of cutting-edge technologies such as robots (including humanoid robots) and artificial intelligence in retail stores [1] - HanShuo Technology maintains an open attitude towards market opportunities, planning to expand through self-research or collaboration with outstanding enterprises in the field [1]

Group 1: Company Overview - Hanshuo Technology is a well-known provider of digital solutions for retail stores, focusing on electronic price tag systems as part of its smart retail solutions [3] - The company aims to bridge the digital gap between online and offline retail, enhancing operational efficiency and consumer shopping experiences through IoT technology [3] Group 2: Financial Performance - In the first half of 2025, the company's total assets reached CNY 6.345 billion, a year-on-year increase of 22.52% [3] - Operating revenue was CNY 1.874 billion, a decline of 6.73% year-on-year [3] - Net profit attributable to shareholders was CNY 222 million, down 41.68% year-on-year [3] - Net profit excluding non-recurring gains and losses was CNY 287 million, a decrease of 20.40% year-on-year [3] Group 3: Market Expansion and Challenges - The company has a solid foundation for future revenue growth through market expansion and customer reserves in the U.S. [4] - The U.S. market's growth has been impacted by tariff policies, which have slowed customer demand [4] - Some large customer orders are expected to be released in later quarters, contributing to future revenue [4] Group 4: Industry Trends - Global demand for retail digitalization continues to grow, with ESL module shipments reaching 248 million units in the first half of 2025, a 56% year-on-year increase [4] - The U.S. Walmart's large-scale application of electronic price tag solutions serves as a strong market driver [4] - In Europe, the penetration of electronic price tags is expanding from daily goods to other retail sectors, with a significant update cycle expected in Western Europe [4] Group 5: Product Strategy and Competitive Advantage - The company focuses on technological innovation to maintain its competitive edge in electronic price tag solutions [5] - The electronic price tag has evolved from a simple pricing tool to a multifunctional core device for store digital operations [5] - The company is expanding its product offerings to include AIoT solutions and digital energy management for retail, aiming to meet the increasing digitalization demands of large retail clients [5]

Core Viewpoint - The company, Hanshuo Technology, has demonstrated robust performance in the first half of the year, achieving significant revenue and profit growth despite a complex global economic environment [1] Group 1: Financial Performance - In the first half of the year, the company reported operating revenue of 1.974 billion yuan and a net profit attributable to shareholders of 222 million yuan, with a net profit of 287 million yuan after deducting non-recurring gains and losses [1] Group 2: Industry Trends - The global retail industry is experiencing a digital transformation, with increasing demand for digital solutions driven by the integration of IoT and AI technologies [2] - The shift from traditional hardware to AIoT smart terminals is evident, as retailers seek to enhance operational efficiency and reduce costs [2] Group 3: Market Opportunities - The global electronic shelf label (ESL) market is projected to see significant growth, with an expected shipment of 248 million ESL modules in the first half of 2025, representing a 56% year-on-year increase [3] - The North American market is showing increased demand for electronic shelf labels, particularly driven by Walmart's initiatives [4] Group 4: Competitive Position - Hanshuo Technology ranks second among global listed companies in terms of revenue from retail digital solutions, establishing a strong competitive advantage in the industry [3] - The company has developed a proprietary technology system based on high-performance IoT wireless communication protocols, enhancing its product competitiveness [3] Group 5: Global Expansion - The company is actively expanding its global presence, establishing a comprehensive sales and service network across Europe, Asia-Pacific, and the Americas [5] - By 2024, Hanshuo Technology aims to cover over 70 countries and regions, enhancing its market share and customer service capabilities [5] Group 6: Innovation and Product Development - Continuous investment in R&D, exceeding 90 million yuan in the first half of 2025, is driving product innovation and the development of AIoT solutions [6] - The company plans to upgrade its electronic shelf labels to integrate dynamic pricing and digital display functionalities, improving shelf management efficiency [6] Group 7: Sustainability Initiatives - The company is focusing on digital energy management solutions to help retailers achieve cost savings and enhance energy efficiency [7] - Collaborations with energy sector partners aim to explore innovative models for energy management in retail environments [7]

Core Insights - The "Air Supermarket" in Zhengzhou, Henan, utilizes drones for efficient delivery, addressing traditional logistics challenges such as traffic congestion and high labor costs [1][3] - The supermarket operates a cloud-based warehouse system, allowing for rapid order fulfillment and optimized delivery routes through big data analysis [1][4] - The integration of smart shopping carts enhances customer experience by following shoppers and providing real-time assistance [3][4] Delivery and Logistics - The supermarket has established three drone delivery routes, covering a radius of approximately 5 kilometers [3] - Drones can carry a maximum load of 40 kilograms and deliver a variety of everyday items, achieving delivery speeds of about 10 meters per second [3] - The average delivery time from order to receipt is under 15 minutes, which is 50% faster than traditional delivery methods [3] Technological Innovation - The "Air Supermarket" represents a significant innovation in retail logistics, reshaping the relationship between people, goods, and locations [4] - The use of cloud management systems and intelligent shopping technology aims to enhance the efficiency of logistics networks and improve customer experience [4]

Group 1: AI and Technology Integration - Hanshu Technology focuses on integrating AI technologies such as machine vision and big data analysis with digital retail scenarios to enhance operational efficiency and consumer experience [3] - The company is actively exploring AIoT applications and has partnered with Microsoft to leverage Azure Open AI for innovative retail solutions [3] - Hanshu Technology has established a competitive edge as the first partner in China to receive "Certified Software Designation for Retail AI" from Microsoft [3] Group 2: Electronic Price Tags Market - The global penetration rate of electronic price tags remains low, with France leading at over 40% [4] - Major markets like China, the USA, and Japan have significant growth potential due to their low penetration rates [4] - Future growth drivers include market penetration increases, replacement demand for existing electronic price tags, and the provision of SaaS and technical services [4] Group 3: Revenue and Market Strategy - Approximately 10% of the company's revenue comes from the US market, which has been minimally impacted by recent tariff increases [5] - The company is focusing on strategic expansion in Europe, Japan, Australia, Southeast Asia, and within China to mitigate tariff risks [6] - Hanshu Technology is committed to monitoring tariff policy changes and adjusting production and operational strategies accordingly [6] Group 4: Robotics and New Business Development - The company emphasizes research and application of AI technologies in robotics, having secured multiple patents for inspection robots [6] - Hanshu Technology is developing various solutions, including smart shopping carts and AI cameras, to support digital transformation in retail [6] - A commercial partnership has been established for smart shopping carts with a leading overseas client, enhancing operational efficiency and consumer experience [6]