登录新浪财经APP 搜索【信披】查看更多考评等级 11月9日，ST路通（股票代码：300555）发布澄清公告，确认其于11月7日召开的2025年第 二次临时股东大会决议合法有效。 针对此前公司内部管控存在的问题，新董事会迅速推进了高管团队的调整。会议决议解聘了顾忠辉的总 经理职务以及付新悦、王璐敏的副总经理职务，同时正式聘任于涛为公司新任总经理。 此外，董事会公告称，针对此前涉及部分股东协议纠纷的相关诉讼，公司认为已充分履行信息披露义 务，相关事项不存在争议，决定向北京市昌平区人民法院申请撤销相关案件。 ST路通此次管理层巨变，发生在公司业绩下滑和监管关注的背景之下。根据公司10月23日发布的三季 报，2025年前三季度营业收入为6291.90万元，同比下降26.68%；归母净利润为-3626.91万元，虽同比微 增1.25%，但仍处于亏损状态。 值得注意的是，今年6月，公司因公章管理内部控制存在缺陷、未及时披露重大诉讼及账户冻结等情 况，被江苏证监局采取出具警示函的行政监管措施，时任高管邱京卫、付新悦等人均被点名。 天眼查工商信息显示，无锡路通视信网络股份有限公司成立于2007年，公司主营业务涉及网络传输系 ...

21世纪经济报道 记者 崔文静 无锡报道 11月8日，无锡路通视信网络股份有限公司（以下简称"路通视信"或"ST路通"）发布2025年第二次临时 股东大会决议公告。本次股东大会审议通过了《关于罢免邱京卫董事职务的议案》《关于罢免付新悦董 事职务的议案》《关于补选谈文舒先生为公司第五届董事会非独立董事的议案》等三项议案，其余议案 （包括对多项内部治理制度的修订议案）均未获得通过。 公告显示，本次股东大会现场会议召开的实际时间为2025年11月7日17:45。与此前公告会议通知中所告 知的时间（15:00）有所延迟。股东大会现场，公司董事长邱京卫在开场陈述约1个小时左右后，宣布取 消本次会议并离开会议现场，后经全体独立董事推选并经现场出席股东举手表决通过，由独立董事黄远 征主持，会议得以继续。 然而，近年公司业绩表现则乏善可陈，公司业绩已经连续四年亏损。2021年-2024年净利润分别亏损 0.15亿元、0.18亿元、0.37亿元、0.57亿元。2025年三季报显示，公司营收6291.90万元，同比下降 26.68%；归母净利润-3626.91万元。 对于这样的业绩表现，有人看到风险，有人看到机会。2025年1月 ...

Core Points - ST Luton (300555) announced that the resolutions from the second extraordinary general meeting of shareholders in 2025 are considered legal and valid despite media reports suggesting otherwise [1][2] - The company experienced a disruption during the meeting on November 7, where the former chairman, Qiu Jingwei, attempted to cancel the meeting without justification, leading to a reorganization of the meeting order [2] - The company reported that the meeting was attended by 20 shareholders representing 30.0059 million shares, which is 15.0029% of the total share capital [2] - Following the meeting, Qiu Jingwei and another director, Fu Xinyue, were dismissed, and Tan Wenshu was elected as a non-independent director, with multiple management changes occurring [3] - The company condemned the actions of certain shareholders who held an unauthorized meeting, stating it violated relevant laws and regulations [4] Financial Performance - ST Luton has faced declining revenue for two consecutive years, with a continuous loss in net profit attributable to shareholders for six years, showing an increasing trend in losses [5] - From 2019 to 2024, the company's net profit attributable to shareholders (excluding non-recurring gains and losses) was -0.8941 million, -5.435 million, -27.07 million, -24.20 million, -44.40 million, and -61.45 million respectively [5] - In the first three quarters of this year, the company reported total operating revenue of 62.919 million, a year-on-year decrease of 26.68%, with a net loss of 36.2691 million, slightly improved from a loss of 36.7263 million in the same period last year [5]

本报记者 杨笑寒 例如，安华农险三季度偿付能力报告显示，公司2025年一季度及2025年二季度法人机构风险综合评级 （分类监管）结果均为C类，主要原因为公司治理方面存在风险。华汇人寿三季度偿付能力报告也显 示，因公司治理相关问题整改工作尚未完成，监管部门于2022年一季度将该公司风险综合评级结果由B 类变为C类。 天职国际会计师事务所保险咨询主管合伙人周瑾介绍，在公司治理方面，三会一层（股东会、董事会、 监事会和管理层）运作不规范、董监高履职存在瑕疵、关联交易占比高或披露不全等问题在未达标险企 中较为普遍。 值得一提的是，三季度，华安财产保险股份有限公司（以下简称"华安财险"）实现了成功"摘帽"，其最 近一期风险综合评级由C类升至B类。 根据监管规定，偿付能力监管指标包括核心偿付能力充足率、综合偿付能力充足率、风险综合评级3个 指标。保险公司须同时满足核心偿付能力充足率不低于50%、综合偿付能力充足率不低于100%、风险 综合评级在B类及以上三项指标，才能被认定为偿付能力达标。其中，风险综合评级由监管部门评定， 险企在每季度偿付能力报告中需按要求披露最近两个季度风险综合评级。 具体来看，在已披露偿付能力报告的 ...

本报记者 杨笑寒 近日，保险公司三季度偿付能力报告陆续披露。据《证券日报》记者统计，截至目前，共有156家险企 （包括财险公司和人身险公司）披露偿付能力充足率水平和风险综合评级，其中有4家险企偿付能力不 达标，1家险企成功"摘帽"。 根据监管规定，偿付能力监管指标包括核心偿付能力充足率、综合偿付能力充足率、风险综合评级3个 指标。保险公司须同时满足核心偿付能力充足率不低于50%、综合偿付能力充足率不低于100%、风险 综合评级在B类及以上三项指标，才能被认定为偿付能力达标。其中，风险综合评级由监管部门评定， 险企在每季度偿付能力报告中需按要求披露最近两个季度风险综合评级。 具体来看，在已披露偿付能力报告的84家财险公司中，29家风险综合评级在A类及以上。其中，中远海 运财产保险自保有限公司、中银保险有限公司、中国人寿财产保险股份有限公司、三井住友海上火灾保 险（中国）有限公司等6家险企达到A类最高级别的AAA级。风险综合评级在B类及以上的险企共有52 家。新疆前海联合财产保险股份有限公司、亚太财产保险有限公司、安华农业保险股份有限公司（以下 简称"安华农险"）3家险企的风险综合评级为C类，偿付能力"亮红灯"。 ...

（来源：上林下夕） 来源：市场资讯 1 特斯拉薪酬方案概述与争议起源 特斯拉公司在2018年1月为埃隆·马斯克设计了一套前所未有的薪酬方案，这套方案在设计上极具创新性 但也极具争议。该方案的核心特点在于马斯克不领取任何传统形式的工资或现金奖金，其全部报酬均与 特斯拉的长期业绩表现直接挂钩。具体来说，这套方案包含12个行权阶段，每阶段均需同时达成市值目 标和运营目标的双重里程碑。当特斯拉的市值从约590亿美元的起点每增加500亿美元，并同步实现特定 的营收或利润目标后，马斯克才能获得相当于公司总股本1%的股票期权奖励。 如果所有目标均得以实现，马斯克最终可能获得最高达558亿美元（约4000亿元人民币）的收益，这一 定价使得该方案成为"公开市场上有史以来最大的潜在薪酬机会，比同行薪酬计划的中位数高出250 倍"。这一设计在当初被视为极具风险且雄心勃勃，因为其要求的市值增长目标（达到6500亿美元）在 当时的市场环境下看似遥不可及。然而，在马斯克的领导下，特斯拉实现了惊人的增长，市值一度突破 1万亿美元，从而触发了薪酬方案的兑现条件。 然而，正是这一创造了商业奇迹的薪酬方案，却在2024年1月30日遭到了特拉华州 ...

2025年11月7日，特斯拉股东投票正式结束，马斯克的愿望达成了，万亿美元激励，商业史上前所未有 的大手笔，而这，不是特斯拉的市值，而是他们打算给马斯克的"薪酬"， 票数通过得很高，气氛却一点也不轻松，这份方案是股东们基本上是在赌：留住马斯克，哪怕代价高得 离谱，也比放他离开划算。 所以，这一次的方案背后，是有点像"被逼的"，不做动作，市场就会揣测你是不是留不住人；做了动 作，至少能给外界一个交代——我们还抓得住他。 他也没得选，全写进了合同 表面上看马斯克得了个大便宜，但真要细看，他其实也被捆得很死，这份薪酬方案不是立刻到账的现 金，而是未来基于公司表现兑现的股票奖励，想拿满，得靠实打实的业绩。 问题是，这种"天价婚约"真能套牢这位"宇宙网红"吗，或者说，特斯拉真有底气，能承受得起这场靠一 个人撑起来的豪赌？ 他要走，公司就慌了 这几年，马斯克干什么都能上头条，跟特朗普搞政治，自己创办space，做脑机、做ai，新时代几乎所有 的高科技他都有涉及，由于今年他短暂的把精力放到白宫那里，特斯拉多的情况直线下滑。， 董事会这次直接挑明了：马斯克的角色太重要了，不是说没有他公司就垮了，但失去他的领导，公司未 来的方 ...

Core Viewpoint - Jiangsu Litong Electronics Co., Ltd. has announced the reappointment of Tianjian Accounting Firm for the 2025 fiscal year, emphasizing the firm's qualifications and compliance with relevant regulations [1][2]. Group 1: Appointment of Accounting Firm - The proposed accounting firm for reappointment is Tianjian Accounting Firm (Special General Partnership) [2]. - Tianjian has a good investor protection capability, with a cumulative professional risk fund and insurance compensation limit exceeding 200 million yuan as of the end of 2024 [2]. - Tianjian has faced civil lawsuits related to its professional conduct in the past three years but has fulfilled all court judgments without adverse effects on its performance capabilities [2]. Group 2: Integrity and Compliance Records - In the past three years, Tianjian has received four administrative penalties, 13 supervisory measures, and eight self-regulatory measures, but has not faced criminal penalties [3]. - Among Tianjian's 67 employees, 12 have received administrative penalties, and 32 have faced supervisory measures, with no criminal penalties reported [3][4]. Group 3: Independence and Audit Fees - Tianjian and its project partners have no circumstances that could affect their independence [7]. - The proposed audit fees for 2025 are to be negotiated based on the company's actual business and market conditions, with the 2024 audit fee being 1.3 million yuan [8]. Group 4: Board and Supervisory Committee Decisions - The audit committee of the board has reviewed Tianjian's qualifications and performance for the 2024 audit, recommending its reappointment for 2025 [9]. - The board and supervisory committee meetings held on November 7, 2025, approved the proposal to reappoint Tianjian as the auditing firm for 2025 [10][17]. Group 5: Shareholder Meeting and Voting - The fourth extraordinary general meeting of shareholders is scheduled for November 26, 2025, to approve the reappointment of the accounting firm [20]. - The voting will be conducted through a combination of on-site and online methods, with specific timeframes for participation [21][24].

Core Viewpoint - The recent divorce of Huang Guorong and Wu Xinyan has led to significant changes in the shareholding structure and management of Shanshui Technology, with Wu Xinyan becoming the new actual controller and chairperson of the company [1][6][12]. Shareholding Changes - Huang Guorong's shares have been divided, with 10 million shares transferred to Wu Xinyan, along with indirect holdings valued at approximately 9.24 billion yuan [3][5]. - Post-division, Huang Guorong holds 30 million shares (13.98% of total shares), while Wu Xinyan holds 35 million shares (16.31%), totaling 68.57 million shares (31.95%) when including indirect holdings [5]. Management Changes - Huang Guorong has resigned from all positions within the company, including chairman and general manager, due to personal reasons [6][9]. - Wu Xinyan has been elected as the new chairperson and general manager, marking a significant shift in leadership [9][12]. Company Performance - For the first three quarters of 2025, Shanshui Technology reported revenues of 499 million yuan, a year-on-year increase of 33.78%, and a net profit of 84.2 million yuan, up 25.13% [9]. - The company's stock price has increased by over 55% this year [10].

Core Viewpoint - The article discusses the approval of Elon Musk's unprecedented compensation plan at Tesla's annual shareholder meeting, highlighting the implications for the company's future and the mixed reactions from shareholders and the public [4][10][61]. Group 1: Compensation Plan Approval - 75% of shareholders voted in favor of Musk's compensation plan, which could grant him up to 423.7 million shares over the next decade, equating to approximately $275 million per day [4][9]. - The plan requires Tesla to achieve a market value of $8.5 trillion, sell 1 million humanoid robots, and secure 10 million paid subscriptions for its autonomous driving software [10][9]. - The approval was widely anticipated, with prediction markets indicating a 94% to 91% probability of passage [18][17]. Group 2: Support from Key Shareholders - Major institutional investors, including Morgan Stanley's Counterpoint Global and Charles Schwab, expressed support for the plan, emphasizing alignment with shareholder interests [22][24]. - Baron Capital and Florida's public pension fund also backed the proposal, citing Tesla's ambitious goals and Musk's critical role in the company's success [26][27]. Group 3: Opposition and Criticism - Despite the support, there was significant opposition, including protests against Musk's compensation, highlighting concerns over income inequality and the plan's scale [34][39]. - Notable dissenters included Norway's sovereign wealth fund and CalPERS, who raised issues regarding the board's independence and the plan's potential to concentrate power [40][48]. - Critics argued that the compensation structure could dilute shareholder value and was excessively high compared to typical executive pay [49][50]. Group 4: Public and Media Reaction - The debate surrounding Musk's compensation intensified on social media, with supporters arguing that achieving the plan's goals would significantly increase Tesla's value [54][55]. - The article notes a shift in sentiment from some investment firms, such as Charles Schwab, which ultimately decided to support the plan after facing pressure from retail investors [60][61].