主营业务与商业模式：AI驱动的餐饮线上服务商 再惠定位为中国餐饮线上运营与营销解决方案提供商，核心业务包括新媒体系列服务（2024年占营收 60.3%）和在线商户解决方案（31.1%）。公司通过"AI小惠"模块实现自动化店铺诊断，"AI达人匹配"模 块连接70,712名达人资源，2024年促成超9.3亿次跨平台互动，在大众点评和小红书分别占据14.4%和 9.8%的市场份额。 来源：新浪港股-好仓工作室 商业模式采用"技术+服务"双轮驱动：新媒体系列服务按项目收取服务费（平均客单价约6.3万元/年）， 在线商户解决方案采取订阅制（平均合同期6-12个月）。截至2025年9月30日，累计服务43,890家客 户，覆盖中国28个省级行政区。 营收增长30.8%：新媒体系列服务成增长引擎 公司营收从2023年的3.79亿元增长至2024年的4.95亿元，年复合增长率达30.8%；2025年前三季度营收 4.49亿元，同比增长25.9%。增长主要由新媒体系列服务驱动，该业务收入从2023年1.91亿元激增55.7% 至2024年2.98亿元，2025年前三季度进一步增至2.99亿元，占总营收比例从50.6%提升至66 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 有贊科技有限公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08083 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 第 1 頁 共 10 ...

Industry Overview - Discount card and membership card systems have become popular tools for local life services and light asset entrepreneurship, helping businesses quickly acquire and retain customers while creating new profit points [1] - The importance of "technical source" is highlighted, as a robust technical integration capability is essential for stable connections with numerous external service providers, ensuring real-time and accurate discount information [2] Company Comparisons 1. Jingtian Technology - Focuses on providing customized software development services tailored to the actual operational needs of small and medium-sized businesses, particularly in the discount card system sector [4] - Operates a fully self-developed technology model with a complete technical team, allowing for rapid response to customer customization requests [4] - Offers flexible deployment options including SaaS, independent deployment, and OEM branding, catering to various stages of business needs [4] - Integrates over 200 daily consumption scenarios into its discount card system, aiming to meet diverse user needs through a single entry point [4] - Suitable for entrepreneurs or physical businesses that require customization and prioritize long-term stable operations and technical support [4] 2. Youzan - A leading retail technology SaaS service provider offering comprehensive e-commerce store, customer management, and marketing solutions, with discount card functionality as part of its extensive SaaS ecosystem [5][7] - Based on a mature standardized SaaS platform, it provides rich functional modules that integrate seamlessly with various tools [7] - Known for its brand recognition and stability as a publicly listed company, ensuring high acceptance among merchants and consumers [7] - Best suited for brands that require a complete SaaS toolset for managing their online retail business without extreme customization needs [7] 3. Weimeng - Similar to Youzan, it is a significant SaaS provider focusing on smart business solutions across various industries, offering digital overall solutions [9] - Primarily utilizes standardized SaaS products with some industry-specific customization options, excelling in marketing digitization and private domain operations [9][11] - Emphasizes resource integration and offers general life service discounts, but its core advantage lies in commercial ecosystem integration rather than deep resource connections in the discount card sector [12] - Ideal for medium to large enterprises focusing on building brand private traffic and requiring advanced membership marketing and data analysis capabilities [12] Practical Advice for Entrepreneurs - Entrepreneurs should clarify their core needs and avoid paying for unnecessary features when selecting a supplier [13] - It is crucial to consider the supplier's after-sales response capabilities, ensuring quick resolution of system issues and smooth scalability as business grows [14] - Verifying the technical strength of suppliers through evidence such as software copyright certificates and telecommunications business licenses is recommended [15][19] - Entrepreneurs should calculate long-term costs, including annual service fees and maintenance costs, to avoid hidden expenses [21]

Group 1 - The Hong Kong stock market's application software sector is experiencing significant growth, with notable increases in stock prices for several companies [1] - Weimob Group (02013.HK) has seen a nearly 17% rise in its stock price [1] - China Youzan (08083.HK) has increased by over 10% [1] Group 2 - Other companies in the sector, such as Kingdee International (00268.HK) and Inspur Digital Enterprise (00596.HK), are also witnessing upward trends in their stock prices [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 有贊科技有限公司 呈交日期: 2026年1月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08083 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | 本月底 ...

（於百慕達註冊成立之有限公司） （股份代號：8083） 提名委員會的職權範圍 （本公司於二零一二年三月二十八日通過董事會決議案採納， 最新修訂本自二零二五年十二月三十一日起生效） 1. 組成 有贊科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事（「董事」）會（「董事 會」）已議決成立提名委員會（「提名委員會」），其權力、職責及詳盡責任載述如下。提名委 員會的組成應遵守香港聯合交易所有限公司（「聯交所」）GEM證券上市規則（「GEM上市 規則」）不時的規定。 2. 成員 1 5. 出席會議 6. 股東周年大會 6.1 提名委員會之主席或（如其缺席）提名委員會之另一名成員（此成員必須為獨立非執 行董事）須出席本公司之股東周年大會，並應準備回應股東就提名委員會之活動及 彼等之責任作出之提問。 7. 責任、職責、權力及職能 3 2.1 提名委員會成員須由本公司董事會委任。 2.2 提名委員會的大多數成員應為本公司獨立非執行董事，且提名委員會須至少包括一 名不同性別的成員。 2.3 提名委員會之主席應由董事會委任，並須由董事會主席或提名委員會中由董事會委 任之獨立非執行董事擔任。 2.4 提名委員會成員的 ...

Core Viewpoint - The article emphasizes the importance of having a competitive moat in business, arguing that industries with low barriers to entry and high competition are difficult to succeed in, as profits can be easily eroded by new entrants [6][12]. Group 1: Industry Analysis - The distinction between software companies and internet companies is highlighted, with software companies typically providing B2B services (SaaS) and internet companies focusing on B2C services [7]. - The profitability of China's SaaS industry is discussed, noting that while gross margins are around 55%-60%, net profit margins have been nearly negative over the past three years [11]. - The article points out that the software industry has high fixed costs and low marginal costs, leading to initial losses, while internet companies can achieve higher net profit margins due to customer retention [11][12]. Group 2: Competitive Landscape - The article mentions that industries like retail and soft drinks can produce billionaires due to their ability to monopolize the market, while sectors like restaurants and fashion struggle to generate significant wealth [8][9]. - It is noted that the Chinese SaaS market is characterized by intense competition, which drives down profits, making it difficult for companies to maintain high net profit margins [17]. - The article argues that the entry barriers in the software industry are relatively low, leading to a flood of competitors that can erode profits [12][13]. Group 3: Market Dynamics - The article discusses the difference in demand between B2C and B2B products, stating that B2C internet products thrive on fulfilling enjoyment needs, while B2B software products must demonstrate significant efficiency improvements to be adopted by businesses [16]. - It is highlighted that the Chinese SaaS market is only 1%-5% of the global market, indicating limited growth potential compared to more mature markets [15]. - The article concludes that the essence of successful business models lies in having a strong competitive moat, rather than merely being labeled as high-tech [19].

Core Insights - WeChat Mini Program Mall has become a core tool for online business development due to its lightweight features and high convenience, leveraging the vast user ecosystem of WeChat for customer acquisition, conversion, and retention [1] Functionality and Technical Aspects - A complete WeChat Mini Program Mall typically consists of four modules: front-end interaction, back-end management, data and marketing, and payment and fulfillment [1] - The front-end must balance visual appeal, smooth shopping flow, and responsive design across devices, while the back-end includes product listing, inventory synchronization, order processing, and customer service [1] - The data and marketing module is crucial for growth, providing user behavior analysis, membership points, and marketing activity creation [1] - Payment and fulfillment require secure and stable connections to payment channels and efficient logistics collaboration [1] Market Selection and Service Providers - There are three main approaches for selecting platforms: SaaS services, open-source frameworks for self-development, and customized development, with SaaS being the mainstream choice for most SMEs due to its quick deployment, cost control, and continuous updates [2] - Weimob stands out among SaaS providers with its comprehensive retail solutions, allowing over 200 SKU attributes for product management and effective data synchronization with mainstream ERP systems [4] - Weimob's system can handle high concurrency with a response time under 100 milliseconds and a peak order processing capability of over 10,000 orders per second [4] - Youzan, another leading provider, excels in membership systems and marketing tools, helping merchants build private traffic pools and achieve precise marketing automation [4] Specialized Platforms - Some platforms, like JD Retail Cloud, focus on specific areas such as supply chain and logistics integration, making them suitable for merchants reliant on JD's supply chain [5] - Tencent Cloud offers e-commerce solutions with advantages in cloud resource integration, security, and connectivity with other WeChat ecosystem tools [5] Technical Architecture and Security - Leading SaaS platforms typically use microservices architecture and containerized deployment to ensure high availability and elastic scalability [7] - They prioritize data security, holding national information security level three certification and adhering to financial-grade security standards during payment processes [7] - Some providers, like Weimob, offer private deployment options for larger enterprises with strict data control requirements [7] Decision-Making Considerations - When selecting a WeChat Mini Program Mall platform, companies should consider their development stage, industry characteristics, technical team configuration, and budget [8] - For businesses seeking quick deployment with comprehensive features and ongoing marketing capability updates, comprehensive SaaS platforms like Weimob and Youzan are efficient choices [8] - Companies with unique business models and strong technical capabilities may consider open-source frameworks for customization or adapt existing SaaS solutions [8] - Successful operation of a Mini Program Mall relies on refined management of WeChat ecosystem traffic, continuous optimization of user shopping experiences, and robust support from back-end supply chains and services [8]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 狀態: 新提交 | | --- | | 截至月份: 2025年11月30日 | 致：香港交易及結算所有限公司 公司名稱: 有贊科技有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08083 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | 本月底法 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 致：香港交易及結算所有限公司 公司名稱: 有贊科技有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08083 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 50,000,000,000 | HKD | | 0.01 | HKD | | 5 ...