Group 1 - The core viewpoint of the article highlights Han Shuo Technology's commitment to a global strategy, focusing on long-term partnerships with leading retail brands and strong customer loyalty [1] - The company emphasizes balanced market presence across regions, including Europe, North America, Australia, and Japan, with leading retail clients in each area [1] - The global retail industry is experiencing accelerated digitalization, integrating IoT, big data, and AI technologies to enhance online and offline channels, leading to a comprehensive upgrade of the retail landscape [1] Group 2 - The North American market is witnessing a rapid increase in penetration rates, primarily driven by Walmart's large-scale implementation of electronic price tag solutions, which is creating demand among other retail brands [1] - The European market is expanding from Western Europe to Eastern Europe, Northern Europe, Southern Europe, and Central Asia, with stable growth in market demand and diversification into other retail formats beyond supermarkets [1] - Western European clients are gradually entering a replacement cycle, contributing to the overall stability of demand in the European market [1]

Core Insights - The global demand for retail digitization is expected to continue growing, particularly for electronic shelf label (ESL) solutions, with a projected shipment of 248 million ESL modules in the first half of 2025, representing a 56% year-on-year increase [1] Group 1: Market Trends - The demand for ESL solutions is significantly driven by major retailers like Walmart in North America, which serves as a strong example for other large retailers to accelerate their digital upgrades [1] - Europe remains a key market for ESL applications, with Western Europe showing high penetration rates as the use of ESLs expands from daily consumer goods to other retail sectors such as clothing and home improvement [1] Group 2: Future Projections - The market is entering a replacement cycle in Western Europe, with an expected 20% of global shipments in 2026 coming from replacement demand, increasing to 28% by 2027 [1]

Core Insights - The domestic electronic price tag solution penetration rate is lower than the global average due to low labor costs and the advanced online retail environment [1] - The company is a leading player in the domestic electronic price tag market, serving well-known retail clients such as Wumart, China Resources, and others [1] - The company reported a domestic revenue of 265 million yuan for 2024, representing a year-on-year growth of 63.58%, indicating a steady development trend in the domestic digitalization market [1] Company Relationships - The company has established close partnerships with Sam's Club China and Ole' China to promote digital transformation in the domestic retail industry [1] - The company serves a diverse range of clients across various retail sectors, including fresh food chains and other retail fields [1] Market Trends - The digitalization trend in the domestic market is steadily developing, with clear demand from multiple well-known retail clients [1]