广告营销板块短线走低，华媒控股（000607）触及跌停，华扬联众（603825）、龙韵股份、思美传媒 （002712）、遥望科技（002291）、天地在线（002995）等跟跌。 ...

Core Viewpoint - The company, Yaowang Technology, is expected to report a net loss of between 170 million to 240 million yuan for the first half of 2025, slightly improving from a loss of 220 million yuan in the same period last year, primarily due to challenges in its footwear business and high amortization costs [1] Group 1: Financial Performance - The projected net loss for the first half of 2025 is between 170 million to 240 million yuan, with a non-GAAP net loss also expected in the same range [1] - The footwear business has been a significant factor in the losses, but the company indicates that inventory clearance is nearing completion, which should improve gross margins in the future [1] - The amortization costs related to innovative digital marketing initiatives have accumulated to approximately 120 million yuan during the reporting period [1] Group 2: Strategic Adjustments - The company plans to adjust its strategy starting in the second half of 2024, focusing on operational model changes, management efficiency improvements, and exploring new growth avenues [1] - A "shutdown and transfer" strategy is being implemented for underperforming projects, reallocating resources back to profitable core projects [2] - The company aims to enhance its operational model by building a new consumer brand matrix based on an IP platform, reducing reliance on live streaming business [2] Group 3: New Initiatives - The company has successfully launched a sanitary napkin brand "Duo Wei," achieving total sales of approximately 125 million yuan from May 18 to July 11, leveraging a "transparent factory" concept and 100% self-built production capacity [2] - Ongoing discussions with multiple quality ODM factories are aimed at establishing a significant second growth curve for the company [2]

[Foshan Yaowang Technology Co., Ltd. 2025 Semi-Annual Performance Forecast](index=1&type=section&id=%E4%BD%9B%E5%B1%B1%E9%81%A5%E6%9C%9B%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%202025%20%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a net loss for the first half of 2025, with the magnitude of loss narrowing compared to the prior year, projecting a net loss attributable to shareholders between **170 million and 240 million yuan** and a non-recurring net loss between **174 million and 244 million yuan** 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (January 1 - June 30, 2025) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Loss: 170 million – 240 million yuan | Loss: 218.7756 million yuan | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Loss: 174 million – 244 million yuan | Loss: 249.5778 million yuan | | **Basic Earnings Per Share** | Loss: 0.1801 – 0.2542 yuan/share | Loss: 0.2351 yuan/share | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company explicitly states that this performance forecast has not been pre-audited by an accounting firm - The company's performance forecast has not been pre-audited by an accounting firm[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The company attributes its 2025 H1 loss primarily to challenges in its footwear business during asset-light transformation and high costs from digital marketing innovation projects, compounded by reduced government subsidies and increased income tax expenses, prompting deep strategic adjustments since H2 2024 - The company's net profit loss during the reporting period is primarily due to the combined impact of transformation pressures in the footwear business and high innovation investment costs in the digital marketing business[5](index=5&type=chunk)[6](index=6&type=chunk) [Footwear Business](index=1&type=section&id=1.%20%E9%9E%8B%E5%B1%A5%E4%B8%9A%E5%8A%A1) The footwear business is transitioning to an asset-light model focused on brand and supply chain management, experiencing operating losses due to transformation pressures, inventory impairment, and bad debt provisions, despite significant online sales growth, with expected substantial reduction in asset impairment losses in H2 as inventory structure improves - The footwear business is transitioning to an asset-light operating model, where new business expansion has not fully alleviated transformation pressures, compounded by inventory impairment and bad debt provisions, resulting in operational losses[5](index=5&type=chunk)[6](index=6&type=chunk) - Online sales performance grew significantly, with the company's footwear brands achieving over **1.5 billion yuan** in total network GMV during Double 11 in 2024, an increase of over **40%** year-on-year[6](index=6&type=chunk) - The company expects a substantial year-on-year and quarter-on-quarter decrease in footwear business-related asset impairment losses in the second half of the year, as inventory clearance is nearing completion and the inventory structure has significantly improved[6](index=6&type=chunk) [Digital Marketing Business](index=2&type=section&id=2.%20%E6%95%B0%E5%AD%97%E8%90%A5%E9%94%80%E4%B8%9A%E5%8A%A1) Hangzhou Yaowang's digital marketing business incurred losses due to rapid growth in personnel and expenses from aggressive innovation projects like X27 Commercial Complex, which are still in incubation, coupled with approximately **120 million yuan** in amortization of prior investments, a **31.6 million yuan** year-on-year decrease in government subsidies, and a **20 million yuan** year-on-year increase in income tax expenses - Since 2024, the company has aggressively expanded innovative businesses, leading to rapid growth in related personnel and expenses, but these innovative businesses are still in their incubation phase and have not yet contributed significant profits, exemplified by the high renovation and operating costs of the X27 Commercial Complex project[6](index=6&type=chunk) Digital Marketing Business Negative Financial Impact Factors | Impact Factor | Amount/Description | | :--- | :--- | | Amortization of Prior Investments | Approximately **120 million yuan** accumulated during the reporting period | | Government Subsidies Income | Decreased by approximately **31.6 million yuan** year-on-year | | Income Tax Expense | Increased by approximately **20 million yuan** year-on-year | [Strategic Adjustments and Reforms](index=2&type=section&id=%E6%88%98%E7%95%A5%E8%B0%83%E6%95%B4%E4%B8%8E%E6%94%B9%E9%9D%A9) To address challenges, the company initiated deep reforms in H2 2024, focusing on restructuring unprofitable innovation projects, optimizing organizational efficiency through reduced labor costs and planned Q3 deployment of its self-developed AI product 'V5chat', and cultivating a second growth curve by building a new consumer brand matrix, exemplified by the successful launch of the 'Duowei' brand - Operating model adjustment: Increased investment in continuously profitable projects and adopted a strategy of closure, suspension, merger, and transfer for innovative incubation projects, expected to be completed by Q3 2025[8](index=8&type=chunk) - Organizational efficiency optimization: Optimized labor costs and plans to fully implement the self-developed AI product 'V5chat' in Q3 2025 to enhance organizational operational efficiency[8](index=8&type=chunk) - Cultivating a second growth curve: Building an IP-based new consumer brand matrix, successfully launching the sanitary napkin brand 'Duowei' with strong market performance[9](index=9&type=chunk) [Other Relevant Information](index=3&type=section&id=%E5%9B%9B%E3%80%81%E5%85%B6%E4%BB%96%E7%9B%B8%E5%85%B3%E8%AF%B4%E6%98%8E) The company emphasizes that this performance forecast is a preliminary estimate by the finance department, unaudited, and final financial data will be based on the 2025 semi-annual report, advising investors to exercise caution regarding investment risks - This performance forecast is a preliminary estimate by the company's finance department, unaudited by an accounting firm, and investors are advised to make cautious decisions and be aware of investment risks[10](index=10&type=chunk)

Core Viewpoint - The company, Yaowang Technology, is projecting a net loss attributable to shareholders of between 170 million yuan and 240 million yuan for the period from January 1, 2025, to June 30, 2025, which is an improvement compared to a loss of 219 million yuan in the same period last year [1] Financial Summary - The expected net profit loss after deducting non-recurring gains and losses is projected to be between 174 million yuan and 244 million yuan, compared to a loss of 250 million yuan in the same period last year [1] - The basic earnings per share are expected to be a loss of between 0.1801 yuan and 0.2542 yuan, while the loss per share in the same period last year was 0.2351 yuan [1]

Core Viewpoint - The article highlights the achievements of Hangzhou Yaowang Network Technology Co., Ltd. in the live e-commerce industry, emphasizing its strong labor union and commitment to employee welfare and industry development [1][3][13] Group 1: Company Achievements - Hangzhou Yaowang Network Technology Co., Ltd. has emerged as a leader in the live e-commerce sector, leveraging numerous star IPs and a comprehensive business model [1] - The company has received multiple honors, including the Zhejiang Province Worker Pioneer and the Zhejiang Province New Economy Grassroots Union Demonstration Point [1] - The labor union has been instrumental in protecting employee rights and fostering industry growth since its establishment in 2017 [1] Group 2: Employee Development and Training - The company has established a multi-faceted training system, with 49 professional instructors offering 175 courses to enhance employee skills [7] - The labor union has organized training for "Internet Marketing Specialists," resulting in 69 employees advancing to intermediate or higher skill levels [9] - A partnership with Zhejiang Gongshang University has created a "Practical Teaching Base" to continuously supply professional talent to the industry [9] Group 3: Employee Welfare and Support - The labor union has implemented various support systems, including medical mutual aid and a love fund for employees in need [10] - Special rights protection measures for female employees include customized holiday gifts and wellness initiatives [11] - The company promotes a culture of well-being through facilities like gyms, dance studios, and mental health support rooms, enhancing employee satisfaction [11] Group 4: Future Outlook - The company aims to continue fostering harmonious labor relations and enhancing employee happiness, contributing to the high-quality development of the live e-commerce industry [13]

关于为控股孙公司提供担保的进展公告 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。 证券代码：002291 证券简称：遥望科技 公告编号：2025-054 佛山遥望科技股份有限公司 一、担保情况概述 佛山遥望科技股份有限公司（以下简称"公司"或"佛山遥望"）于 2025 年 6 月 3 日召开第六届董事会第四次会议，审议通过了《关于 2025 年度公司及控股 公司对外担保额度预计的议案》。为保证孙公司的业务顺利开展，同意公司及控 股公司为控股孙公司杭州施恩资产管理有限公司（以下简称"杭州施恩"）提供 40,000 万元额度的担保，担保期限为 1 年，以上议案经 2025 年 6 月 24 日召开 的 2024 年年度股东大会审议通过。具体情况详见公司于 2025 年 6 月 4 日刊登 在公司指定信息披露媒体《证券时报》、《上海证券报》及巨潮资讯网 （http://www.cninfo.com.cn）的《关于 2025 年度公司及控股公司对外担保额度预 计的公告》（编号：2025-044）。 二、担保进展情况 近日，公司拟与江苏银行股份有限公司杭州分行签署一系 ...

证券代码：002291 证券简称：遥望科技 公告编号：2025-052 佛山遥望科技股份有限公司 关于为控股子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 本次担保在公司上述审议通过的担保额度范围内。本次担保后，公司及控股 公司对杭州遥望累计担保金额为49,540万元，剩余可用担保额度为50,460万元。 三、被担保人基本情况 1、公司名称：杭州遥望网络科技有限公司 2、注册地址：浙江省杭州市余杭区五常街道融谷巷 8 号 1 幢 7 层 701 室 3、法定代表人：谢如栋 一、担保情况概述 佛山遥望科技股份有限公司（以下简称"公司"）为保证子公司的业务顺利 开展，为控股子公司杭州遥望网络科技有限公司（以下简称"杭州遥望"）提供 累计 10 亿元额度的担保：公司分别于 2023 年 2 月 14 日召开第五届董事会第十 三次会议，审议通过了《关于为控股子公司增加担保额度的议案》，额度为 2 亿 元；于 2025 年 6 月 3 日召开第六届董事会第四次会议，审议通过了《关于 2025 年度公司及控股公司对外担保额度预计的议案》，额度为 ...

证券代码：002291 证券简称：遥望科技 公告编号：2025-053 佛山遥望科技股份有限公司 关于为控股孙公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示：本次对控股孙公司杭州炫步网络科技有限公司的担保，属于对资 产负债率超过 70%的对象提供担保。敬请投资者充分关注担保风险。 一、担保情况概述 佛山遥望科技股份有限公司（以下简称"公司"或"佛山遥望"）于 2025 年 6 月 3 日召开第六届董事会第四次会议，审议通过了《关于 2025 年度公司及控股 公司对外担保额度预计的议案》。为保证孙公司的业务顺利开展，同意公司及控 股公司为控股孙公司杭州炫步网络科技有限公司（以下简称"杭州炫步"）提供 20,000 万元额度的担保，担保期限为 1 年，以上议案经 2025 年 6 月 24 日召开 的 2024 年年度股东大会审议通过。具体情况详见公司于 2025 年 6 月 4 日刊登 在公司指定信息披露媒体《证券时报》、《上海证券报》及巨潮资讯网 （http://www.cninfo.com.cn）的《关于 2025 年度公司 ...

证券代码：002291 证券简称：遥望科技 公告编号：2025-050 佛山遥望科技股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示：本次对控股孙公司杭州炫步网络科技有限公司的担保，属于对资 产负债率超过 70%的对象提供担保。敬请投资者充分关注担保风险。 一、担保情况概述 佛山遥望科技股份有限公司（以下简称"公司"或"佛山遥望"）于 2025 年 6 月 3 日召开第六届董事会第四次会议，审议通过了《关于 2025 年度公司及控股 公司对外担保额度预计的议案》。为保证孙公司的业务顺利开展，同意公司及控 股公司为控股孙公司杭州炫步网络科技有限公司（以下简称"杭州炫步"）提供 的 2024 年年度股东大会审议通过。具体情况详见公司于 2025 年 6 月 4 日刊登 在公司指定信息披露媒体《证券时报》、《上海证券报》及巨潮资讯网 （http://www.cninfo.com.cn）的《关于 2025 年度公司及控股公司对外担保额度预 估费、拍卖费、律师费、差旅费、公证费、公告费、送达费、鉴定费等)。 履行期(包括展期、延期)届满之日后满三年 ...

证券代码：002291 证券简称：遥望科技 公告编号：2025-051 佛山遥望科技股份有限公司 关于为控股孙公司提供担保的进展公告 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、担保情况概述 佛山遥望科技股份有限公司（以下简称"公司"或"佛山遥望"）于 2025 年 6 月 3 日召开第六届董事会第四次会议，审议通过了《关于 2025 年度公司及控股 公司对外担保额度预计的议案》。为保证孙公司的业务顺利开展，同意公司及控 股公司为控股孙公司杭州施恩资产管理有限公司（以下简称"杭州施恩"）提供 40,000 万元额度的担保，担保期限为 1 年，以上议案经 2025 年 6 月 24 日召开 的 2024 年年度股东大会审议通过。具体情况详见公司于 2025 年 6 月 4 日刊登 在公司指定信息披露媒体《证券时报》、《上海证券报》及巨潮资讯网 （http://www.cninfo.com.cn）的《关于 2025 年度公司及控股公司对外担保额度预 计的公告》（编号：2025-044）。 二、担保进展情况 根据上述担保额度，近日公司拟与江苏银行股份有限公司 ...