广东遥望科技集团股份有限公司 公司章程 广东遥望科技集团股份有限公司 章 程 二 O 二五年八月 第 1 页 共 43 页 广东遥望科技集团股份有限公司 公司章程 目 录 第 2 页 共 43 页 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东 第二节 股东会的一般规定 第三节 股东会的召集 第四节 股东会的提案与通知 第五节 股东会的召开 第六节 股东会的表决和决议 第五章 董事会 第一节 董事 第二节 董事会 第六章 经理及其他高级管理人员 第七章 监事会 第一节 监事 第二节 监事会 第八章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第九章 通知与公告 第一节 通知 第二节 公告 第十章 合并、分立、增资、减资、解散和清算 广东遥望科技集团股份有限公司 公司章程 第一节 合并、分立、增资和减资 第二节 解散和清算 第十一章 修改章程 第十二章 附则 第一章 总则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为，根 据《中华人民共和国 ...

Core Viewpoint - The live e-commerce industry is experiencing a critical turning point after years of rapid expansion, with several companies reporting poor performance in their recent financial results [1][2]. Financial Performance - Yaowang Technology (002291) reported a loss in the first half of the year, with revenue of 1.896 billion RMB, a decrease of 36.32% year-on-year, and a net profit of -253 million RMB [3][4]. - Jiao Ge Peng You Holdings (01450.HK) achieved a revenue of approximately 620 million RMB, a year-on-year increase of 9.8%, but its net profit fell by 37.4% to about 55.4 million RMB due to rising costs and increased investments in the "Pengyou Cloud" intelligent system [3]. - Dongfang Zhenxuan (01797.HK) reported total revenue of 4.392 billion RMB, a decline of 32.7%, with a net profit of 6.19 million RMB, significantly down from 249 million RMB in the previous fiscal year [3]. Industry Dynamics - The live e-commerce sector is transitioning from "wild growth" to "refined cultivation," with content and ecosystem becoming key competitive factors [6]. - Companies are focusing on innovation and operational efficiency to drive growth amidst increasing competition and regulatory pressures [7]. Strategic Initiatives - Jiao Ge Peng You Holdings is enhancing its content competitiveness and optimizing operational efficiency through automation and resource integration, while focusing on technology-driven strategies [7]. - Dongfang Zhenxuan aims to strengthen its brand and product offerings, investing in core technology innovations to improve platform stability and scalability [8].

Core Insights - The company reported a net profit of approximately -253 million yuan for the first half of 2025, indicating an increase in losses compared to the previous year [1] - The company's revenue for the first half of 2025 was approximately 1.896 billion yuan, representing a year-on-year decline of 36.32% [1] - The decline in revenue is attributed to increased competition from market competitors and the closure of unprofitable IPs and offline stores [1] Financial Performance - The net profit for the first half of 2025 was -253 million yuan, which shows a worsening financial position compared to the same period last year [1] - The total revenue for the first half of 2025 was approximately 1.896 billion yuan, down from the previous year, reflecting a significant decrease in business activity [1] Business Operations - The company primarily engages in digital marketing, with business segments including social e-commerce, new media advertising, self-owned brands, distribution, and apparel and footwear [1]

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, primarily due to increased competition, closure of unprofitable stores, and challenges in transitioning to new business models [4][3]. Financial Performance - The company achieved operating revenue of 1.896 billion yuan, a decrease of 36.32% compared to the same period last year [4][7]. - The net profit attributable to shareholders was -252.89 million yuan, down 15.60% year-on-year [4][3]. - The net cash flow from operating activities fell by 79.50% to 31.21 million yuan [4][3]. - Basic and diluted earnings per share were both -0.2709 yuan, reflecting a decline of 15.23% [4][3]. - Total assets decreased by 8.22% to 5.171 billion yuan compared to the end of the previous year [4][3]. Business Segments - The internet advertising sector accounted for 94.99% of total revenue, with a 36.87% decline year-on-year [7]. - The footwear and apparel segment generated 4.56% of total revenue, down 26.34% from the previous year [7]. - New media advertising revenue dropped by 52.69%, while social e-commerce revenue decreased by 19.83% [7]. Strategic Initiatives - The company is focusing on profitable projects like live e-commerce while restructuring its innovation incubation projects to reduce performance drag [5][9]. - A "shutdown and transfer" strategy is being implemented to reallocate resources back to core profitable projects [5]. - The company plans to leverage its extensive network of celebrity IPs to enhance its marketing and sales efforts [5][9]. Market Expansion - The company is experiencing strong growth in overseas markets, with a significant live broadcast event in North America generating 2.74 million USD in sales [8]. - The launch of the X27 S HuMen base marks another step in expanding its live-streaming service platform [8]. New Product Development - The company has partnered with celebrity Huang Zitao to launch a new sanitary napkin brand, "Duo Wei," which has seen substantial sales [9]. - Future plans include expanding into high-potential sectors such as beverages and beauty products through innovative joint ventures [9].

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, primarily due to increased competition, closure of unprofitable stores, and various operational challenges [1][3]. Financial Performance - The company achieved a revenue of 1.896 billion yuan, a decrease of 36.32% compared to the same period last year [2][6]. - The net profit attributable to shareholders was -252.89 million yuan, down 15.60% year-on-year [2][3]. - The net cash flow from operating activities fell by 79.50% to 31.21 million yuan [2]. - Basic and diluted earnings per share were both -0.2709 yuan, reflecting a 15.23% decline [2]. - Total assets decreased by 8.22% to 5.171 billion yuan, while net assets attributable to shareholders fell by 7.37% to 3.180 billion yuan [2][3]. Business Segments - The internet advertising segment accounted for 94.99% of total revenue, with a 36.87% decline year-on-year [6]. - The footwear and apparel segment contributed 4.56% to revenue, down 26.34% from the previous year [6]. - New media advertising revenue dropped by 52.69%, while social e-commerce revenue decreased by 19.83% [6]. Strategic Initiatives - The company is focusing on profitable projects like live e-commerce while restructuring its innovation incubation projects to reduce performance drag [4][10]. - A "shutdown and transfer" strategy is being implemented to reallocate resources back to core profitable projects [4]. - The company plans to leverage its extensive network of celebrity IPs to enhance its marketing and sales efforts [4][9]. Innovation and Expansion - The company is investing in innovative projects, including the development of an AI product "V5chat" aimed at improving operational efficiency [7]. - The North American market is showing strong growth, with a recent live event generating 2.74 million USD in sales [7]. - The company is also expanding its brand portfolio through joint ventures, such as the successful launch of the "Duo Wei" sanitary napkin brand [9][10].

Group 1 - The company reported a revenue of 1.896 billion yuan for the first half of the year, representing a year-on-year decline of 36.32% [1] - The net profit attributable to shareholders was a loss of 253 million yuan, which is a year-on-year decrease of 15.60% [1] - The basic earnings per share were -0.2709 yuan [1]

Group 1 - The core viewpoint of the articles highlights that Yaowang Technology (002291) reported a significant decline in revenue and net profit for the first half of 2025, with revenue at 1.896 billion yuan, down 36.32% year-on-year, and a net loss of 253 million yuan compared to a loss of 220 million yuan in the same period last year [1][2] - The company attributes the revenue decline to a strategic reduction in low-margin new media advertising business, focusing instead on core operations, particularly in live e-commerce and brand incubation [1][2] - Yaowang Technology's live e-commerce segment continues to lead the industry, and the company is exploring collaborations with quality supply chains to create new consumer brands, which may become a second growth curve for the company [1][2] Group 2 - The company has successfully launched the personal care brand "Duo Wei," achieving total sales of 125 million yuan from May 18 to July 11, ranking first in its category on Douyin [2] - Yaowang Technology is in discussions with multiple quality ODM factories to expand into high-potential sectors such as beverages, beauty, and hair growth, aiming to build a matrix of new consumer brands [2] - The company is actively optimizing its internal management structure, resulting in a 28.39% year-on-year reduction in personnel-related expenses, while enhancing organizational efficiency through increased front-line staff [2]

Core Viewpoint - The company is undergoing a strategic adjustment to focus on quality growth by reducing low-margin advertising business and enhancing its core segments such as live e-commerce and brand incubation [2][5]. Financial Performance - For the first half of 2025, the company reported revenue of 1.896 billion yuan and a net loss of 253 million yuan, primarily due to phase-out amortization costs, reduced government subsidies, and changes in tax policies [2]. - Despite the short-term financial pressure, the company maintained a positive operating cash flow of 31.21 million yuan, indicating good cash recovery capability [2]. Business Strategy - The company is actively shrinking low-margin advertising operations and reallocating resources to core areas, achieving substantial progress in AI efficiency and new brand incubation [2][5]. - In the live e-commerce sector, the company continues to leverage its competitive edge by deepening "IP diversification management" and innovating content-driven live streaming [2]. Market Expansion - The company has shown strong growth momentum in overseas markets, with the North American live event "Deals For Your Days" generating sales of 2.74 million USD and over 120,000 orders [3]. - The company is replicating its successful domestic model in international markets, with a focus on enhancing global GMV [3]. Brand Development - The company successfully launched the personal care brand "Duo Wei," achieving total sales of 125 million yuan within a short period and ranking first in its category on Douyin [3]. - The brand's high-quality and cost-effective positioning has gained widespread market recognition [3]. Operational Efficiency - The company is negotiating partnerships with multiple quality ODM factories to expand into high-potential sectors such as beverages and beauty [4]. - Personnel-related expenses decreased by 28.39% year-on-year, with an increased proportion of frontline staff, leading to improved organizational efficiency [4]. Technological Innovation - The company is investing in AI and other technological innovations to enhance production efficiency, including the establishment of the first post-doctoral workstation in the live e-commerce industry [4]. - The internally developed AI product "V5chat" is expected to be fully implemented within the year, with explorations into using AIGC technology for content innovation [4]. Future Outlook - The company is in a critical phase of strategic adjustment, with a clear direction towards brand incubation and AI application, indicating the emergence of a second growth curve [5]. - As the footwear business reduces impairment pressure and new brands like Duo Wei are incubated, the company is expected to see a performance turning point starting in the second half of 2025 [5].

Core Viewpoint - The company is undergoing a strategic adjustment and business transformation, focusing on quality growth despite short-term performance pressure, with a clear direction towards brand incubation and AI application [1][4]. Financial Performance - For the first half of 2025, the company reported revenue of 1.896 billion yuan and a net loss of 253 million yuan, primarily due to phase-out amortization costs, reduced government subsidies, and changes in tax policies [1]. - The company's operating cash flow remains positive at 31.21 million yuan, indicating good cash recovery capability [1]. Business Strategy - The company is actively reducing low-margin advertising business and reallocating resources to core areas such as live e-commerce and brand incubation, while promoting "IP diversification" and "light asset operation" [1]. - The company has successfully launched the personal care brand "Duo Wei," achieving total sales of 125 million yuan within a short period and ranking first in its category on Douyin [2]. Market Expansion - The company has demonstrated strong growth momentum in overseas markets, with the North American live broadcast event generating sales of 2.74 million USD and over 150 million views [2]. - The company is replicating its successful domestic model in international markets, contributing to steady growth in global GMV [2]. Operational Efficiency - The company is optimizing its human resource structure, with personnel-related expenses decreasing by 28.39% year-on-year, and has increased the proportion of frontline staff [3]. - Investments in AI and technology innovation are being prioritized, with the establishment of the first post-doctoral workstation in the live e-commerce industry [3]. Future Outlook - The company is expected to reach a performance inflection point starting in the second half of 2025, as it sheds underperforming business lines and enhances brand incubation and AI capabilities [4].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 8月25日消息，遥望科技（维权）发布半年度报告。 公告显示，公司半年度营业收入1,896,233,455.85元，同比减少36.32%，归属上市公司股东的净利 润-252,894,645.52元。 公告显示，十大流通股东中，山东江诣创业投资有限公司、周吉、朱政梁、李生为新进流通股东。 责任编辑：小浪快报 ...