Gelonghui, December 4 | According to Huaxin Securities Research Report, Jihong Co., Ltd. (002803.SZ), as a leading cross-border social e-commerce company in Southeast Asia, has comprehensively promoted the integrated application of AI, Chatgpt and other technologies to create the Jimowun SaaS service platform. The data flywheel effect continues to be highlighted. At the same time, benefiting from the implementation of the data asset listing policy, the company's business is expected to usher in breakthrough progress. First coverage, giving a “buy” investment rating. In the future, with the gradual development of Jimaoyun's SaaS service platform, more high-value cross-border e-commerce related data resources will be accumulated. On the one hand, it will better empower the iterative upgrades of Jimaoyun SaaS service platforms; on the other hand, the potential for the development and utilization of increasingly rich data resources is huge, and the “data-platform-customer-data” data flywheel effect will continue to be highlighted, laying a solid foundation for the rapid development of the company's data element business. Furthermore, with the advancement of data asset listing policies, the company holds a large amount of cross-border e-commerce data resources, and market valuation is expected to be reshaped.