证券日报网讯 12月11日晚间，遥望科技发布公告称，何建锋先生当选为公司第六届董事会职工代表董 事。 （文章来源：证券日报） ...

关于选举职工代表董事的公告 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。 因《中华人民共和国公司法》《关于新<公司法>配套制度规则实施相关过 渡期安排》以及《公司章程》等相关规定，广东遥望科技集团股份有限公司（以 下简称"公司"）董事会治理结构需做调整。公司于 2025 年 12 月 10 日召开职 工代表大会，经与会职工代表民主选举，何建锋先生当选为公司第六届董事会职 工代表董事（简历见附件）。何建锋先生关于职工代表董事的任期至公司第六届 董事会任期届满之日止。 何建锋先生符合《公司法》《公司章程》规定的有关职工代表董事任职资 格和条件，其任职职务由非独立董事变更为公司职工代表董事，公司第六届董 事会成员数量仍为 7 名，其中兼任公司高级管理人员以及由职工代表担任的董事 人数总计未超过公司董事总数的二分之一，符合相关法律法规的要求。 截至本公告披露日，何建锋先生直接持有公司股份 137,206 股，持有公司 2023 年股票期权激励计划已获授但尚未行权的股票期权 75,000 份，其所持本公 司的股票将按照《公司法》《深圳证券交易所股票上市规则》《深圳证券 ...

Core Viewpoint - The long transformation story of "the first stock of women's shoes" seems to have reached its conclusion as the company announces the transfer of its wholly-owned subsidiary, Foshan Saturday Shoe Industry Co., Ltd., for a minimum price of 453 million yuan [1][2]. Business Transition - The company has been expanding its brand joint sales while reducing offline self-operated channels, but new business developments have not fully alleviated the operational pressures from the transformation, leading to significant revenue declines and ongoing losses [2][5]. - The divestiture is a clear declaration of the company's strategic shift towards becoming the "first stock of live e-commerce," focusing all resources on digital marketing and e-commerce live streaming [2][8]. Historical Context - Saturday was the first women's shoe company listed on A-shares, with a revenue of 880 million yuan and a net profit of 114 million yuan in its first year of listing in 2009 [3]. - The traditional shoe retail industry has faced significant challenges over the past decade due to the rise of e-commerce and changing consumer habits, leading to high inventory and declining store revenues [3][4]. - In 2017, the company's net profit plummeted by 1789.31%, prompting a shift towards a "light asset" operational model [3]. Financial Performance - By 2021, the company's internet advertising revenue reached 2.266 billion yuan, accounting for 80.62% of total revenue, while fashion footwear revenue dropped to 538 million yuan, making up less than 20% [4]. - In 2022, the internet advertising and clothing and footwear business accounted for 91.64% and 8.15% of revenue, respectively, indicating a significant shift in business focus [5]. - The company's clothing and footwear revenue fell to 86.44 million yuan in the first half of the year, a year-on-year decline of 26.34%, representing less than 5% of total revenue [5][11]. Market Position and Challenges - The divestiture of the footwear business allows the company to present a cleaner narrative to the capital market, focusing on its capabilities in supply chain management and star IP resources [8]. - However, the complete divestiture also means the company loses its last tangible asset buffer, exposing it to intense competition in the internet traffic market [8][9]. - The company has recorded continuous losses for four years, totaling over 3 billion yuan, with a significant decline in net profit since 2021 [9][10]. Future Outlook - The company's future performance will be entirely defined by its internet business, facing challenges such as high traffic costs and the need for refined operations to achieve cost reduction and efficiency [12][13]. - The divestiture marks the end of a ten-year transformation story but also begins a new chapter, testing the company's resilience in the live e-commerce sector [13].

Core Viewpoint - The company, Yaowang Technology, is divesting its 100% stake in Foshan Saturday Shoe Industry Co., Ltd. for 453 million yuan after three consecutive years of losses and a market value decline exceeding 4 billion yuan, marking a significant business adjustment and a final capital game settlement [1] Financial Transactions and Corporate Structure - In 2019, the company, then known as "Saturday," acquired 88.5651% of Yaowang Network for 1.77 billion yuan through a combination of cash and stock, facilitating its entry into the live e-commerce sector and rebranding as "Yaowang Technology" in 2022 [2] - The divestiture of the shoe business is viewed as a cleanup of assets in the "post-shell era," following the completion of the reverse merger process years prior [2] - Yaowang Technology has three joint ventures established in 2019 that are major clients, with accounts receivable totaling 626 million yuan by the end of 2023, raising concerns about potential inflated receivables and profit transfer to related parties [2] Performance and Valuation Concerns - The valuation of Saturday Shoe Industry in the current transaction reflects a 130.89% increase, which is notable for a company that has been consistently losing money [3] - Yaowang Network met its performance commitments during the acquisition period, but post-commitment, the company's overall performance has significantly declined, with four consecutive years of losses from 2021 to 2024 [4][5] - The initial market enthusiasm did not translate into sustainable business success, as the two business segments operated independently and negatively impacted each other [5] Future Outlook and Challenges - The sale of Saturday Shoe Industry is expected to optimize the company's asset structure and reduce financial pressure, with the transaction potentially alleviating some immediate financial burdens [6] - However, the fundamental issues facing the company remain unresolved, as the live e-commerce sector matures and competition intensifies, leading to rising platform traffic costs [7] - As of Q3 2025, the company reported revenues of 2.613 billion yuan, a year-on-year decline of 34.65%, and a net loss of 415 million yuan, with its stock price plummeting from a historical high of 36.56 yuan to around 6 yuan, resulting in a market value loss exceeding 20 billion yuan [8]

Group 1 - The core point of the article highlights that online sales growth during this year's Black Friday and Cyber Monday in the U.S. outpaced that of physical stores, presenting opportunities for live-streaming e-commerce [1][2] - According to Mastercard SpendingPulse, on Black Friday, U.S. retail sales (excluding automobiles) increased by 4.1% compared to 2024, with in-store sales growing by 1.7% and e-commerce sales rising by 10.4% [2] - Adobe reported that on Cyber Monday, U.S. consumers spent $14.25 billion online, a 7.1% increase year-over-year, exceeding previous forecasts [2] Group 2 - TikTok Shop announced a record-breaking performance during the Black Friday and Cyber Monday period, achieving over $500 million in gross merchandise value (GMV) in the U.S. [3] - Chinese merchants also set new records, with live-streaming sales exceeding expectations, such as a 12-hour live stream generating $1.1731 million [4] - The expansion of the overseas team at Yaowang, which grew from several dozen to over 100 members, indicates a significant investment in localized operations [5] Group 3 - The promotional period has been extended, with Amazon starting its Black Friday promotions on November 20, leading to a seamless transition into Cyber Monday [6][10] - Consumer behavior has shifted, with increased emphasis on discounts and promotional offers, prompting businesses to allocate more budget towards discounts during live streams [10] - The use of AI tools in shopping decisions has surged, with 40% of users utilizing Amazon's AI chatbot on Black Friday, marking a 33% increase from earlier in the month [11] Group 4 - Some merchants reported that this year's Black Friday and Cyber Monday did not meet expectations, with one battery merchant aiming for $50 million in sales but only achieving slight growth compared to last year [12] - The concentration of traffic among top sellers has made it challenging for small and medium-sized businesses, prompting them to focus on specific platforms for better opportunities [12]

Core Insights - The article discusses the current state and changes in the live-streaming e-commerce industry in Hangzhou, often referred to as the "first city of live-streaming e-commerce" in China, highlighting both growth and structural shifts within the industry [1][2]. Industry Overview - Hangzhou has 32 major live-streaming platforms and nearly 50,000 streamers, with over 10,000 registered live-streaming related companies, contributing to over 1 million jobs [1]. - In the first half of 2025, the top MCN (Multi-Channel Network) institutions in Hangzhou reported total revenue of 5.993 billion yuan, a year-on-year increase of over 17%, with a total profit of 362 million yuan [1]. Structural Changes - There is a shift in the streamer structure, with more streamers moving from independent IP creation to store broadcasting, indicating the industry is maturing [2][3]. - Despite concerns about a mass exodus of streamers from Hangzhou, the net influx of streamers is still on the rise [3]. Market Dynamics - The live-streaming e-commerce market in China is approaching 40% of the national online retail sales, with the number of professional streamers increasing by 150% year-on-year [3]. - The industry is currently in a "blooming" phase, with a richer variety of vertical categories emerging [3][4]. Consumer Behavior - There is a notable shift towards rational consumption and high-cost performance, with consumers becoming more selective and less impulsive in their purchasing decisions [8]. - The types of products being sold through live-streaming are evolving from low-cost, standardized items to high-quality, personalized offerings [8]. Challenges and Innovations - MCN institutions face challenges due to rising traffic costs, necessitating a focus on content innovation and diversified operations to maintain profitability [7]. - The impact of AI digital humans on live-streaming is currently minimal, as consumer engagement relies heavily on the emotional connection with real streamers [6]. Future Outlook - The live-streaming e-commerce industry is entering a deep cultivation phase, requiring clear and reliable standardized processes for sustainable growth [9]. - The industry is moving away from the perception of being a "quick money" sector, focusing instead on rapid content innovation and product iteration [9].

Core Viewpoint - Recently, the company announced plans to transfer 100% equity of its wholly-owned subsidiary, Foshan Saturday Footwear Co., Ltd. (referred to as "Saturday"), at a minimum listing price of 453 million yuan, aiming to focus on the development of its digital marketing business [2][3]. Group 1: Business Strategy and Financial Performance - The sale of Saturday is part of the company's strategy to concentrate on digital marketing, as the footwear business has faced significant operational pressure due to declining revenues and ongoing losses [2][4]. - The company has been attempting to divest its footwear business since 2022, but previous attempts were halted due to a lack of transaction conditions [3]. - The footwear business, which was once a core part of the company, has seen a drastic decline in performance, with the company reporting losses of 263 million yuan in 2022, 1.05 billion yuan in 2023, and an expected 1 billion yuan in 2024 [4]. Group 2: Historical Context and Transition - Saturday, established in 2002 and listed in 2009, was known as the "first A-share women's shoe stock" and attempted to pivot towards internet business after poor performance in its core footwear segment [3]. - The acquisition of Hangzhou Yaowang Network in December 2018 marked a significant shift towards live-streaming e-commerce, leading to a turnaround in profitability, with net profits of 4.477 million yuan in 2018 and 151 million yuan in 2019 [3]. - By 2022, internet advertising accounted for 91.64% of the company's revenue, while the footwear segment contributed only 8.15% [3]. Group 3: Future Outlook - The company anticipates that the successful sale of Saturday will significantly improve its profit situation, optimize its industrial structure, and enhance operational efficiency [4]. - The management has expressed that the transaction will lower the company's asset-liability ratio, improve cash flow, and ultimately increase shareholder returns [4].

Core Viewpoint - The company, Yaowang Technology, plans to sell its wholly-owned subsidiary, Foshan Saturday Shoe Industry Co., Ltd., to optimize its industrial structure and focus on digital marketing business development [1] Group 1: Business Strategy - The company aims to transfer 100% equity of Foshan Saturday Shoe Industry with a minimum listing price of 45,264.59 million yuan [1] - The decision to sell is driven by significant revenue decline and ongoing losses in the shoe business, which have created operational pressure [1] Group 2: Financial Impact - The transaction is expected to optimize the company's asset allocation and reduce the asset-liability ratio [1] - It aims to improve operating cash flow, lower financial costs, and enhance operational quality and efficiency [1] - The sale is anticipated to strengthen the company's sustainable profitability, development capability, and core competitiveness, ultimately increasing shareholder returns [1]

新京报贝壳财经讯 12月2日，遥望科技公告，公司拟在广东股权交易中心股份有限公司以挂牌方式转让 持有的全资子公司星期六鞋业100%股权，首次挂牌转让底价不低于4.53亿元。 ...

Group 1 - The company intends to transfer 100% equity of its wholly-owned subsidiary, Foshan Saturday Shoes Co., Ltd., through a public listing at a minimum price of 452.6459 million yuan [2][6] - The transaction does not constitute a major asset restructuring as defined by relevant regulations [2][6] - The transfer process is subject to shareholder approval and the final transaction price will depend on the interested buyers [4][6] Group 2 - The company plans to conduct an internal restructuring by converting debts into equity and transferring assets to facilitate the sale of its shoe sales business [5][11] - The assets to be transferred include inventory and receivables from related subsidiaries, with a total book value of 91.0596 million yuan [10][11] - The restructuring aims to improve the financial health of the subsidiary and increase its valuation prior to the sale [11] Group 3 - The valuation of Saturday Shoes Co., Ltd. was assessed at 452.6459 million yuan, reflecting an increase of 256.6045 million yuan or 130.89% compared to its book value [12][13] - The assessment was conducted using the asset-based approach, assuming the company operates as a going concern [13] - The ownership rights of the subsidiary are clear, with no encumbrances or legal disputes affecting the transfer [15] Group 4 - The company aims to optimize its business structure by divesting from the shoe sales segment and focusing on digital marketing [17] - This divestiture is expected to reduce the company's asset-liability ratio, improve cash flow, and enhance overall operational efficiency [17] - The transaction is anticipated to create more value for shareholders by improving profitability and competitive strength [17]