Core Viewpoint - The company, Huakai Yibai Technology Co., Ltd., is experiencing growth in its cross-border e-commerce business, benefiting from the depreciation of the RMB and advancements in AIGC and VR technologies [2][3]. Company Overview - Huakai Yibai was established on February 23, 2009, and listed on January 20, 2017. The company focuses on spatial environment art design and provides comprehensive exhibition services for large exhibition halls, with 92.16% of its revenue coming from cross-border e-commerce [7]. - As of June 30, 2025, the company reported a revenue of 4.538 billion yuan, a year-on-year increase of 28.97%, while the net profit attributable to shareholders decreased by 72.69% to 36.74 million yuan [7]. Business Segments - The company operates under a multi-platform, multi-region, and multi-category model for its cross-border e-commerce export business, primarily targeting Europe and North America [2]. - The self-developed system incorporates AIGC technology to automate product copy generation, significantly reducing labor costs and enhancing operational efficiency [2]. - The company's VR technology is applied in exhibition setups, focusing on environmentally friendly design and exploring VR digital content production [2]. Financial Performance - The company has a total market capitalization of 4.205 billion yuan, with a trading volume of 86.9568 million yuan and a turnover rate of 2.39% [1]. - The average trading cost of the stock is 11.34 yuan, with the current price near a support level of 10.30 yuan [6]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 1.21% to 19,300, with an average of 18,214 circulating shares per person, an increase of 2.50% [7]. - The company has distributed a total of 154 million yuan in dividends since its A-share listing, with 136 million yuan in the last three years [8].