GTJA's Research Reports point out that cross-border expansion continues to be a medium to long-term direction, with numerous technological changes and thematic catalysts. 1) Cross-border expansion faces increasing uncertainties such as tariffs, Exchange Rates, and Marine Transportation. Companies with strong brand power and profitability have a relatively higher ability to transfer part of the tariff risk. Companies with a relatively low proportion of USA Business are less affected by tariffs. Currently, most companies have their supply chains in the domestic market, but some are actively promoting overseas supply chain layouts. 2) There are many thematic catalysts in the Sector: AI Education: The process of AI empowering education is a progression from replacing human intellectual activities from simple to complex, with segmented demand products emerging successively. Smart Glasses: AI smart glasses are an important industry trend, with glasses companies being the first to benefit. Asset Integration: Many companies in the social service retail Sector have undergone changes in Shareholders, leading to expectations of asset integration, which will optimize structure, improve quality, and enhance Operation.