证券代码：600936 证券简称：广西广电 公告编号：2025-034 广西广播电视信息网络股份有限公司 关于召开2025年第二次临时股东大会的通知 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 30 日 至2025 年 6 月 30 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 召开的日期时间：2025 年 6 月 30 日 11 点 00 分 召开地点：广西南宁市青秀区云景路景晖巷 8 号广西广电网络公司 21 楼会 议室 (五)网络投票的系统、起止日期和投票时间。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券 ...

Core Viewpoint - A consumer in Chengdu, Ms. Ma, reported issues with a domestic online lending platform, including unexpected "comprehensive fees" and automatic subscription to services without her consent [1][2][12]. Group 1: Consumer Complaints - Ms. Ma began borrowing from the platform in 2021, with varying loan amounts and repayment terms, noticing annualized interest rates of 24% and 36% [2][13]. - She expressed confusion over the "comprehensive fees" included in her repayments, which amounted to 2,161.28 yuan for a loan of 7,000 yuan [4][13]. - Attempts to view her loan contract were met with redirects to a third-party risk detection page, which required additional fees to access [6][8]. Group 2: Platform Response - The platform's representative confirmed that the "comprehensive fees" were calculated based on the annualized interest rate and included "interest + guarantee service fee," totaling 9,161.28 yuan for repayment [13]. - The platform agreed to refund the "membership fees" and "third-party risk detection fees" that were charged without Ms. Ma's consent, reaching a settlement [12][14]. Group 3: Industry Practices - The incident highlights potential issues within the online lending industry, such as unclear fee structures and automatic subscription practices that may infringe on consumer rights [15][17]. - Legal experts suggest consumers should thoroughly review loan contracts and be cautious of automatic renewals for services they did not explicitly agree to [15][16][17].

Core Viewpoint - The company, Hangzhou Dihun Network Technology Co., Ltd., reported a significant decline in revenue and net profit for the year 2024, primarily driven by the performance of its flagship game "Dream Three Kingdoms" which has been operational for over 15 years [1][3][5]. Financial Performance - In 2024, the company achieved operating revenue of 550 million yuan, a year-on-year decrease of 18.71% - The net profit attributable to the parent company was 30.58 million yuan and 5.30 million yuan, reflecting declines of 46.2% and 91.1% respectively [1][3]. Game Performance Metrics - Revenue from "Dream Three Kingdoms" accounted for 65.27% of total revenue - The game experienced a decline in key performance indicators over the past three years: - Revenue in 2024 was 359.26 million yuan, down 18.46% from 2023 - Total transaction amount decreased by 38.47% to 308.06 million yuan in 2024 - Monthly active users fell to 566,400, a decrease of 3.90% [2][3][8]. Revenue Recognition and Accounting Practices - The company recognizes revenue based on the consumption of virtual items and the lifecycle of paying players, which aligns with the accounting standards [4][5]. - The average revenue per user (ARPU) in 2024 was 45.32 yuan, down 35.98% from the previous year [2][3]. Business Model and Cost Structure - The company operates under four business models: self-operated, authorized, joint operation, and agency operation - Despite a decline in revenue, operating costs increased by 12.35% due to rising costs associated with mobile game licensing and operational expenses [5][8]. Cost Composition - The main components of operating costs in 2024 included: - Employee compensation: 78.91 million yuan, up 12.31% - Revenue sharing and licensing fees: 32.15 million yuan, up 48.46% - Server rental fees: 16.81 million yuan, down 10.63% [8][9]. Future Game Development and Risks - The company has several new game products in the pipeline, with various stages of licensing and release planned for 2025 - However, there are risks associated with the timely launch and performance of these new titles, influenced by market conditions and development timelines [4][5][6].

会上，安全运营中心专家和地方国资代表分别分享了国家级平台及区域运营中的成功案例与经验教训。案例生动体现了国资国企在线监管安全运营体系建设 的积极实践和多元探索，为与会者提供了宝贵的经验借鉴，也为后续区域联合运营分中心建设提供了丰富的思路和方法，展现了国资国企在数字化转型中的 坚实步伐和卓越成就。 6月12日，由中国网络信息安全科技创新发展联盟（以下简称网安科创联盟）主办，海南控股旗下智宇科技有限公司、国资国企在线监管安全运营中心（以 下简称安全运营中心）联合承办的国资国企在线监管安全运营中心海南省分中心开通仪式暨华南大区联合运营分中心筹备会议在海口市举行。 两大倡议相辅相成，得到在场业内人士的一致响应。区域联盟和联合行动有助于凝聚各方力量，推动国资国企网络安全工作再上新台阶，助力国资国企在网 络空间中实现可持续发展。 海南省分中心正式揭牌，标志着形成央地协同"共建、共享、共赢"的网络安全监管工作新格局，开启了海南国资国企网络安全联合运营的新篇章。 智宇科技有限公司党支部书记、董事长郑亚波宣读了国资国企（海南）网络安全生态联盟发起倡议，呼吁各方携手共筑网络安全坚实防线，共同应对复杂多 变的网络安全威胁。网安科创 ...

Investment Rating - The report maintains an "Overweight" rating for the communication industry, expecting it to outperform the market index by more than 10% over the next six months [2][47]. Core Insights - The communication industry index has shown a cumulative increase of 4.42% over the past two weeks, outperforming the CSI 300 index by 3.55 percentage points, ranking fifth among 31 primary industries [3][10]. - The report highlights that the industry is currently in a phase of technological iteration and policy benefits, with new growth drivers emerging from AI, quantum communication, and low-altitude economy sectors [3][43]. - The report suggests focusing on companies that align with the themes of "technology commercialization + policy catalysis + earnings certainty" for investment opportunities [3][43]. Summary by Sections Industry Market Review - The communication sector has seen a 5.64% increase in June, outperforming the CSI 300 index by 4.29 percentage points [10]. - The sector has recorded a year-to-date increase of 1.29%, surpassing the CSI 300 index by 2.37 percentage points [10]. Industry News and Company Announcements - China Mobile has announced a procurement for 400,000 5G main equipment stations, with five major equipment manufacturers winning the bid [15]. - IDC reports a 10.5% year-on-year growth in the global wearable device market for Q1 2025 [19]. - The successful launch of low-orbit satellites for internet connectivity marks a significant advancement in satellite communication [21]. Industry Data Updates - As of April 2025, the mobile phone user base in China reached approximately 1.803 billion, reflecting a year-on-year increase of 2.75% [27]. - The internet broadband access user base reached about 680 million, with a year-on-year growth of 5.05% [30]. - The total number of 5G base stations in China reached 4.439 million by April 2025, with a net increase of 188,000 from the previous year [39]. Investment Recommendations - The report recommends focusing on companies such as China Telecom (601728.SH), FiberHome (600498.SH), and Yangtze Optical Fibre (601869.SH) for potential investment opportunities [43][44].

对于一个组织而言，结构需要发挥下列功能： ● 说明谁对什么事和什么人负责。 ● 界定职务和责任。 在确立个人层级之上的组织结构时有两大要件：组织结构图和团队构成。营销部门的架构则从来不 是固定不变的，思科的案例正说明了这一点。 案例研究：组织变革历程 正如骨骼系统是支撑人体各个部分的结构，企业也有其自身的框架结构。设定框架的目的是设定界 限，使整个 "机体"组织能在一定程度上灵活应变，以顺利开展业务。虽然人体的骨架结构在人的 一生中基本不变，但企业的组织结构形形色色，并非只有一种选择。而且，一个企业在其发展历程 中也不可能一直局限于同一种框架结构。 在经历一系列重大重组的过程中，思科始终秉持着以下理念： " 成功源于出色的员工、持续的创新 和充满人性关怀的企业文化 " 。这句话也写在思科官网上。该公司在《财富》杂志评选的 2022 年度最佳雇主百强中排名第一，这表明其管理全球组织结构的方法是行之有效的。 组织结构图 人们一般认为最早的系统性组织结构图是由丹尼尔 ·C. 麦卡勒姆（ Daniel C McCallum ）于 1855 年为提高铁路修建的组织效率而发明的。他发现每英里铁轨的修建成本并不会随着轨道长 ...

正如骨骼系统是支撑人体各个部分的结构，企业也有其自身的框架结构。设定框架的目的是设定界 限，使整个 "机体"组织能在一定程度上灵活应变，以顺利开展业务。虽然人体的骨架结构在人的 一生中基本不变，但企业的组织结构形形色色，并非只有一种选择。而且，一个企业在其发展历程 中也不可能一直局限于同一种框架结构。 对于一个组织而言，结构需要发挥下列功能： ● 说明谁对什么事和什么人负责。 ● 界定职务和责任。 在确立个人层级之上的组织结构时有两大要件：组织结构图和团队构成。营销部门的架构则从来不 是固定不变的，思科的案例正说明了这一点。 案例研究：组织变革历程 2022 年 5 月，自 2015 年 5 月起担任思科首席执行官的查克 · 罗宾斯（ Chuck Robbins ）宣 布，公司的销售收入为 128 亿美元。他表示： " 市场需求强劲，产品订单同比增长 8% 。 " 这一 结果令人欣喜，表明该公司的重大重组计划卓有成效。 2020 年 8 月，由于业绩不佳，思科的股 价下跌超过 11% ，这天成为思科自 2011 年 2 月以来最糟糕的一天。该公司宣布了一项重组计 划，将其研发业务转向云安全和云协作，并提出了一 ...

Core Insights - The article discusses the trend of stock splits among influential non-tech companies, highlighting their appeal to investors and the potential for increased accessibility to shares [3][9][10]. Group 1: Stock Splits Overview - Stock splits are a cosmetic adjustment to a company's share price and outstanding share count, with no impact on market capitalization or operating performance [5]. - Forward splits are preferred by investors as they lower share prices, making them more affordable for everyday investors [7]. - An analysis from Bank of America Global Research indicates that companies enacting forward splits have historically outperformed the S&P 500, with an average return of 25.4% in the 12 months following the split announcement compared to 11.9% for the index [8]. Group 2: Notable Companies and Their Splits - Fastenal completed a 2-for-1 forward split on May 21, marking its ninth split in 37 years, and has seen its shares increase by over 210,000% since its IPO in 1987 [10][11]. - O'Reilly Automotive executed a 15-for-1 forward split on June 9, benefiting from the aging vehicle market in the U.S. and a significant share repurchase program that has spent over $25.9 billion since 2011 [13][14][15]. - Interactive Brokers Group announced a 4-for-1 forward split, reducing its share price from over $205 to around $50, with shares soaring by 400% since May 2020 [18][19]. Group 3: Market Trends and Performance - The average age of vehicles in the U.S. has increased from 11.1 years in 2012 to 12.8 years in 2025, creating a favorable environment for auto parts suppliers like O'Reilly Automotive [14]. - Interactive Brokers has experienced significant growth in customer accounts (up 65% to 3.62 million) and customer equity (up 67% to nearly $574 billion) over the trailing two years [22]. - The combination of bull markets and technological advancements has driven growth in key performance indicators for Interactive Brokers, although its forward P/E ratio of 26 represents a 29% premium to its five-year average [20][24].

作者｜冬梅 北京时间昨天晚上，在 X 上，有网友称 AWS、谷歌云、Azure 和 Cloudflare 同一时间发生了中断。 | Web Services outages reported in the last 24 hours | | | | | | | | | Cloud outages reported in the last 24 hours | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2:00 PM | 5:00 PM | 8:00 PM | 11:00 PM | 2:00 AM | 5:00 AM | 8:00 AM | 2:00 PM | 5:00 PM | 8:00 PM | 11:00 PM | 2:00 AM | 5:00 AM | 8:00 AM | | t Azure outages reported in the last 24 hours | | | | | | | | | re outages reported in the ...

Core Viewpoint - A movement initiated by parents in Japan is calling for stricter regulations on online pornography advertisements, aiming to isolate such content from children's access [1][8]. Group 1: Background and Context - The movement, named "Target Pornography Advertisement Isolation Association," has gathered over 100,000 signatures since September 2024, urging the government to address the issue and promote stricter industry self-regulation [1][10]. - The prevalence of pornography advertisements online is attributed to the complex advertising distribution mechanisms that rely on algorithms, which do not consider the age of users [2][6]. Group 2: Current Situation and Challenges - Many websites, even those aimed at children, display inappropriate advertisements, leading to significant concern among parents [5][6]. - Japan's regulatory environment for online advertisements is relatively lax compared to traditional media, resulting in a lack of effective self-regulation by companies [6][7]. Group 3: Proposed Solutions and Industry Response - The movement advocates for a "zoning isolation" approach, similar to urban planning, where adult content is restricted to specific areas, preventing exposure to minors [8][10]. - In response to complaints, major electronic comic platforms in Japan have begun to stop advertising sexually explicit content on "all-age" websites, significantly reducing the number of complaints [10][12]. Group 4: Future Outlook - The movement has raised awareness about the issue, prompting discussions among government bodies about the need for cross-departmental research and potential regulatory changes [12][14]. - While the complete elimination of pornography advertisements is unlikely, there is optimism that future regulations will lead to a more controlled online environment, similar to television advertising standards [14][15].