Core Insights - Minsheng Bank's Hangzhou Yuhang Branch has launched a live-streaming payment and direct recharge system in collaboration with Yaowang Technology, addressing the common financial bottlenecks in the live e-commerce sector [1][2] - The system integrates financial technology with business scenarios to provide a comprehensive fund management solution, facilitating the standardized development of the live e-commerce industry [1] Group 1 - The new system resolves issues related to delayed payment confirmations and record synchronization faced by live-streaming companies, enhancing operational efficiency [1][2] - A specialized technical team was formed within 15 days to develop and implement the system, demonstrating rapid response and collaboration across different levels of the bank [1] - The system enables real-time fund arrival notifications and transaction records are stored with financial-grade encryption, significantly improving financial reconciliation efficiency for enterprises [2] Group 2 - The system supports a full digitalization of the payment and refund process, creating a comprehensive service system that includes technology development, operational support, and fund planning [2] - In its first week of operation, the system successfully managed payments for 53,000 partner suppliers, effectively breaking through funding management bottlenecks [2] - Minsheng Bank's Hangzhou Branch aims to continue focusing on the needs of the live e-commerce industry, developing customized financial products and services to support high-quality industry growth [2]

Core Insights - The article highlights the decline of the live-streaming industry in Hangzhou, particularly symbolized by the once-bustling Lijing International building, which now faces high vacancy rates and reduced rental prices [1][2][6] - The live-streaming boom is over, with many streamers and e-commerce businesses struggling due to decreased traffic, high inventory, and increased return rates, leading to a mass exodus from the industry [2][10] - Despite the challenges, some industry professionals believe that Hangzhou remains a key hub for live-streaming, with opportunities still available for newcomers [2][30] Group 1: Industry Decline - Lijing International, once a vibrant hub for nearly 20,000 streamers, now has numerous vacant rental units, with prices dropping from over 3,000 to just above 2,000 [1][6] - The overall vacancy rate for office spaces in Hangzhou reached a historic high of 27.7% in Q2 2023, indicating a broader trend of businesses leaving the area [2] - The live-streaming industry's revenue has significantly decreased, with many streamers now earning less than before, leading to a reconsideration of career paths [2][10] Group 2: Personal Experiences - Many individuals, like Liu Hui, moved to Hangzhou with hopes of financial success, but are now facing challenges such as layoffs and reduced salaries [6][30] - Streamers report a drastic reduction in hourly wages, with some seeing their pay cut from 160 to 80 yuan per hour due to increased competition [10][11] - The pressure to maintain high performance and viewer engagement has led to mental and physical health issues among streamers, with some opting to leave the industry altogether [12][19] Group 3: Future Prospects - Despite the downturn, some believe that the live-streaming sector in Hangzhou still offers good opportunities for newcomers, especially for those with strong personal branding [30] - The article suggests that while the industry is facing challenges, it may still be a viable option for fresh graduates looking to quickly earn money and gain experience [30][32] - The shift towards short video platforms for e-commerce is noted as a potential new avenue for those leaving traditional live-streaming roles [30]

Core Viewpoint - The company has approved a financing authorization proposal with the Agricultural Bank of China, aiming to streamline the review process for financing credit plans [1] Group 1 - The board of directors approved a financing authorization proposal for a credit limit of 75 million yuan [1] - The financing will include methods such as working capital loans [1] - The authorization is valid until December 31, 2028 [1]

证券代码：002291 证券简称：遥望科技 公告编号：2025-089 广东遥望科技集团股份有限公司 第六届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和 完整，没有虚假记载、误导性陈述或重大遗漏。 一、会议以 7 票同意，0 票反对，0 票弃权，审议通过了《关于董事会对中 国农业银行的银行融资授权的议案》； 公司与中国农业银行有融资业务合作，需要签署的授信文件分散且笔数多， 为简化审核程序，公司将与中国农业银行的融资授信计划进行汇总，并统一提交 董事会审核与授权。 以下为公司与中国农业银行的计划授信额度： | 银行名称 | 提交审议授权最高总授信额度 | | --- | --- | | 中国农业银行 | 7,500 万元 | | 合 计 | 7,500 万元 | 授信额度的使用上将根据公司的经营情况和市场变化选择信贷产品，以求最 低的风险和最低的财务成本。 公司提请董事会授权公司董事长代表公司董事会签署在列明最高限额内申 请综合授信额度或举债的相关法律文件并办理有关事宜。授信使用方式包括但不 限于流动资金贷款、银行承兑汇票、商业承兑汇票。 本议案有效期至2028年12月31日 ...

Core Viewpoint - Despite having a wealth of star and influencer resources, the company, Yaowang Technology, continues to struggle with significant losses, reporting a net loss of 4.15 billion yuan in the first three quarters of the year [2][5]. Group 1: Business Performance - Yaowang Technology has signed over 70 star influencers and more than 150 other influencers, yet it has faced continuous net profit losses since 2021, totaling over 3 billion yuan [4][5]. - The company's revenue from new media advertising, self-owned brands, and social e-commerce has declined by 52.69%, 55.47%, and 19.83% respectively, with overall revenue down 34.65% year-on-year to 26.13 billion yuan [5][6]. - The net profit loss for the third quarter was 1.62 billion yuan, showing a slight improvement compared to the previous year, but overall performance remains weak [6]. Group 2: Strategic Initiatives - The company is attempting to pivot towards new business models, including a partnership with celebrity Huang Zitao to launch the "Duo Wei" sanitary napkin brand, which achieved sales of approximately 1.25 billion yuan within a few months [15]. - Yaowang Technology is also exploring the transformation of a large shopping mall into a new consumption complex, "Yaowang X27 PARK," which has become another source of losses [14][15]. - The company has implemented a "shutdown and transfer" strategy to optimize performance and is expected to complete these reforms by the third quarter of this year [6]. Group 3: Market Challenges - The social e-commerce sector, which is the company's primary revenue source, is facing challenges as platforms like Douyin are increasingly supporting smaller influencers, which may not favor Yaowang Technology [7]. - The company's live-streaming e-commerce business has seen a drastic decline in gross profit margin, dropping from 21.80% to -0.38% due to increased competition and rising costs [14].

Core Viewpoint - The company, Yaowang Technology (002291), announced that neither it nor its subsidiaries have experienced overdue guarantees, legal disputes related to guarantees, or losses due to being ruled against in guarantee-related judgments [1] Group 1 - The company confirmed the absence of overdue guarantees [1] - There are no ongoing legal disputes involving guarantees [1] - The company has not incurred losses from any guarantee-related judgments [1]

Core Viewpoint - The recent signing of actor Ma Jingtao by Yaowang Technology is framed as a transition from traditional media to new content platforms, but this comes amid the company's ongoing financial struggles, including a significant net loss for the fourth consecutive year [1][3]. Financial Performance - In Q3 2025, Yaowang Technology reported revenue of 717 million yuan and a net loss of 162 million yuan, marking a cumulative loss exceeding 3 billion yuan over four years [3]. - The company's total revenue for the year ending December 31, 2023, was projected at approximately 477.74 million yuan, with a year-on-year growth rate of 22.48% [8]. - The gross profit margin for Q3 2025 was slightly up at 7.25%, but still below the industry average of 13.48% [13]. Industry Trends - The live-streaming e-commerce sector has seen a decline in growth rates, with GMV growth dropping from over 100% in 2020 to 19.1% in 2024 [10]. - The appeal of celebrity endorsements in live-streaming is waning, with challenges such as high costs and limited availability of stars becoming more pronounced [10]. Business Strategy - Yaowang Technology is shifting from a strict focus on celebrity-driven sales to developing its own brands, exemplified by the launch of the sanitary napkin brand "Duo Wei," which achieved sales of 1.25 billion yuan within two months [22]. - The company is also exploring AI-driven marketing strategies to enhance brand development and operational efficiency [25][26]. Market Position - The company has faced significant declines in revenue across its main business segments, including new media advertising and self-owned brands, with declines of 52.69% and 55.47% respectively [12]. - Yaowang Technology's reliance on celebrity influencers is being reassessed as the market dynamics shift, prompting a broader strategy that includes content-driven live-streaming and international expansion [26][27].

广东遥望科技集团股份有限公司 总经理工作细则 第一章 总则 第一条 为规范广东遥望科技集团股份有限公司（以下简称"公司"）行为， 保证总经理和其他高级管理人员依法行使职权，根据《中华人民共和国公司法》 《中华人民共和国证券法》等法律、行政法规、部门规章、中国证券监督管理委 员会（以下简称"中国证监会"）、深圳证券交易所和《广东遥望科技集团股份 有限公司章程》（以下简称《公司章程》）的有关规定，结合公司实际情况，制 订本细则。 第二章 任职要求 第二条 公司设总经理 1 名，由董事会聘任或解聘，对董事会负责，按照公 司章程和本细则的规定、董事会的授权履行职权。 第三条 公司设副总经理若干名，由总经理提名，由董事会聘任或解聘，对 总经理负责，协助总经理工作。 第四条 总经理、副总经理、财务负责人（财务总监）、董事会秘书为公司 高级管理人员。董事受聘可兼任公司总经理或者其他高级管理人员。在公司控股 股东、实际控制人单位担任除董事、监事以外其他行政职务的人员，不得担任公 司高级管理人员。公司高级管理人员仅在公司领薪，不由控股股东代发薪水。 第五条 总经理和其他高级管理人员每届任期三年，连聘可以连任。 （二）因贪污、贿 ...

董事会审计委员会议事规则 第一章 总则 第一条 为强化广东遥望科技集团股份有限公司（"公司"）董事会决策功 能，完善公司治理结构，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《广东遥望科技集团股份有限公司章程》（以下简称"公司章程"）及其他有关 规定，特制定董事会审计委员会议事规则。 第二条 董事会审计委员会（以下简称"审计委员会"）是董事会根据公司 章程规定设立的董事会专门工作机构，对董事会负责，向董事会报告工作，行使 《公司法》规定的监事会的职权，负责公司内、外部审计工作的监督、审核、沟 通及协调。 广东遥望科技集团股份有限公司 第三条 审计委员会委员应保证足够的时间和精力履行委员会的工作职责， 勤勉尽责，切实有效地监督公司的外部审计，指导公司内部审计工作，促进公司 建立有效的内部控制并提供真实、准确、完整的财务报告。 第四条 公司应为审计委员会提供必要的工作条件，配备专门人员或机构承 担审计委员会的工作联络、会议组织、材料准备和档案管理等日常工作。审计委 员会履行职责时，公司管理层及相关部门应给予配合。 （三）最近三年不存在因重大违法违规行为被中国证监会予以行政处罚的情 形； （四）具备良 ...

广东遥望科技集团股份有限公司 董事会薪酬与考核委员会议事规则 第一章 总则 第一条 为进一步建立健全广东遥望科技集团股份有限公司（以下简称"公 司"）董事及高级管理人员的考核和薪酬管理制度，完善公司治理结构，根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》、《上 市公司治理准则》、《深圳证券交易所股票上市规则》、《深圳证券交易所上市公司 自律监管指引第 1 号——主板上市公司规范运作》、《广东遥望科技集团股份有限 公司章程》（以下简称"《公司章程》"）及其他有关规定，公司特设立董事会薪酬 与考核委员会（以下简称"薪酬与考核委员会"），并制定本议事规则。 第二条 薪酬与考核委员会是董事会下设的专门工作机构，主要负责制定董 事、高级管理人员的考核标准并进行考核，制定、审查董事、高级管理人员的薪 酬政策与方案，对董事会负责。 第三条 本议事规则所称董事是指在本公司支取薪酬的董事，高级管理人员 是指董事会聘任的总经理、副总经理、董事会秘书、财务总监。薪酬与考核委员 会委员及其下设工作组成员，应当受本议事规则的约束。 第二章 人员组成 第四条 薪酬与考核委员会成员由三名董事组成，其中独 ...