Annual – Spress

Sales have soared 20 times, and annual financing is nearly 1 billion yuan. Is the “micro-drug market” on the rise?

editor — Thu, 24 Jun 2021 20:50:06 +0000

The spring of low-alcohol is here? Since Coca-Cola’s official announcement of “selling alcohol” on Children’s Day, the “low alcohol” market has begun to attract a lot of attention from the outside world. JD.com’s “618 Report” shows that the sales volume of new and innovative brands in the liquor category, which are mainly low-grade, slightly drunk and pleasant-looking, has increased by 20 times year-on-year. After opening social sharing platforms such as Weibo and Douyin, topics such as “low alcohol” and “wine suitable for girls” emerged endlessly. The topic of “low alcohol” on Weibo has been read 122,000; the topic of “wine suitable for girls” has been read as much as 150 million. On Douyin, this topic has been viewed more than 20 million. The fast-growing low-alcohol drink market has won the favor of many capital institutions. Statistics show that in 2020, the total financing scale of the low-alcohol race track will reach nearly one billion yuan. Numerous data show that the low-alcohol market is setting off a fiery wave. Who are keen to consume low-alcohol alcohol? Is low-alcohol really a potential market? The reporter recently visited the supermarket and many consumers and learned that the delicious and good-looking fruit wine among the low-alcohol wines is the most popular among young people. Some experts pointed out that the low-alcohol wine track is still in the market growth stage, and quality control and reputation may be the key to enhancing competitiveness. Who is consuming low-alcohol alcohol? “Slight drunkenness is the best state to relieve stress.” Xiao Zhang, born in 1997, worked as an interpreter in a company. She told reporters that she likes to drink, but does not like alcohol that is too strong. She only drinks fruit beer and green plum wine. Wait for some fruit wine. “Relatively speaking, low-alcohol alcohol is healthier,” Xiao Zhang said. “The most important thing is that a slightly relaxed state can help you release workplace pressure and some anxiety.” The reporter found that with the development of the times, the wine consumption culture is becoming younger, diversified and enriched, and low-alcohol wine is becoming a trend of consumption for more and more young people. There is no pressure from alcohol, “If you are in a bad mood or tired after a day of stress, you will want to drink into a slightly drunk state.” There are no restrictions and restrictions, “You will also have a drink while you are having a meal and chatting with your friends.” According to the “White Paper on Alco-pop Category Culture of Chinese Young People’s Low-Tide Drinking Alco-pop”, low-grade drinking Alco-pop is subverting the traditional Chinese wine culture and becoming a new alcoholic lifestyle that young people can control independently. Low-alcohol drinking, that is, low-alcohol alcohol with an alcohol content of not more than 20 degrees and outstanding sweetness, and some sugar-free sodas, generally contain fruit elements. Popular categories include pre-mixed cocktails, plum wine, fruit wine, wine, fruit beer, etc. Drinking has become one of the ways for many young people to relax. At 618 this year, Meijian, Berry Sweetheart, and 10:15 respectively won the first place in Tmall plum wine, fruit wine, and soda; during the “618” period of JD.com, the turnover of emerging brands in the liquor category increased by 20 times year-on-year, of which The turnover of fruit wine brand JOJO increased by 30 times month-on-year, Oran’s turnover increased by 200% year-on-year, Meijian’s turnover increased by 8 times year-on-year, Baijiu brand Guanyun’s turnover increased by 20 times year-on-year, and Snow Mars Green’s turnover increased by 137 times year-on-year . In the first quarter of 2021, Tmall has 2,449 wine brands with a sales growth rate of 100% and above, of which 1,415 are low-alcohol brands, accounting for 57.8%. In terms of fruit wine consumption areas, the first- and second-tier cities are still the mainstream population and maintain rapid growth. However, the consumption potential of the fourth, fifth and sixth tiers cannot be underestimated. In the past six months, consumers in the fourth, fifth and sixth tier cities have bought out More than 30% of fruit wine. Why are low-alcohol wines popular? “The low-alcohol market has always existed,” Zou Wenwu, the founder of the China Fruit Wine Industry Research Center, told reporters. “Low-alcohol, as an entry product in the drinking market for young people, has undergone a transformation from beer to pre-mixed wine to fruit wine. Mainly because the continuous development of alcohol technology has provided opportunities for the reproduction of the low-alcohol market, the low-alcohol market has also been continuously developed and upgraded, and it is developing in the direction of quality, diversification and healthier.” Wal-Mart Supermarket Shelves The reporter visited Guangzhou Wal-Mart Supermarket (Haizhu Liying Plaza) and found that in the wine container area, there are various brands, flavors, and colorful low-alcohol wines, including green plum flavors, sweet-scented osmanthus flavors and other popular fruits and flower flavors. . Generally speaking, the alcohol content of various low alcohols is generally less than 20%, and the price ranges from 8-80 yuan (without distinguishing product capacity). Basically, the “face value” of every bottle of wine is not low. The reporter searched for “Fruit Wine Low Alcohol Slightly Alcoholic Drink” on Tmall and JD platforms and found that Rui’ao, Meijian, Samurai, and JOJO were the top sellers. Among them, on the Tmall platform, the monthly sales volume of a pre-adjusted cocktail of the Rui Ao Weibo series is more than 20,000. A Tmall shopkeeper told reporters, “After the summer, the fruit beer and cocktails in the shop are selling very well.” According to a user evaluation data on the Internet, 85.8% of the evaluations of “low alcohol” focused on “good taste”, followed by “low price, low wine taste, not easy to top, the packaging looks good, and the authenticity is guaranteed.” Guo Shiliang, a columnist at the Tencent Securities Research Institute, said: “Low-alcohol wine has the attributes of good taste, natural taste and suitable for social activities, and it is easy to become a favorite object of young people.” In the opinion of the post-90s Miss Mi, who usually likes to drink low-alcohol wine, the entrance of low-alcohol wine is relatively soft, not as spicy as white wine and foreign wine, and has a high value. “When you see a bottle, you have the urge to buy it, usually less than 200 yuan. The price is acceptable.” Is the low-alcohol market on the rise? Attracted by young people’s consumption, capital is rushing to the low-alcohol market. Matrix China, ZhenFund, JD Qianshu Capital, Junyang Capital, and Baohai Investment have all invested in the market. In 2020, the total financing scale of the low-alcohol industry will be close to one billion yuan. According to incomplete statistics, since 2016, at least 23 low-alcohol brands have received a total of more than 30 financings, and at least 10 companies have received over 10 million financing. Among them, Bingqing and Berry Sweetheart have completed three rounds of financing. According to the “Analysis of the Market Prospects and Status Quo of the Low-Alcohol Industry in 2020” by the Research Institute, the market size of China’s fruit wine industry in 2019 is about 231.5 billion yuan. In the past two years, the consumption of my country’s low-alcohol market has increased by more than 50%. Low-alcohol wine seems to have become a lively blue ocean in the red sea of wine. In addition to the above-mentioned emerging players directly entering the game, traditional wine companies are also accelerating their layout. Moutai Group launched its own brand “Youmi” blueberry wine in 2019; Wuliangye launched the “Wutiao” series of fruit wine products with four flavors of green plum, pomegranate, peach and pineapple in May this year; Luzhou Laojiao also established a fruit wine company, In 2019, three low-alcohol fruit wines, “Qingyu”, “Huajianzhuo” and “Shiguang” were launched. In 2020, the “Lady’s Illustrated Green Plum Fruit Wine” was launched. In fact, as early as 2014, low-alcohol wine had a boom a few years ago. At that time, among low-alcohol wines with an alcohol content of 3%-20%, cocktails were the only ones, led by Ruiao and Bingrui. The two largest oligarchs in China account for almost 60% of the market share. Major traditional wine companies have also deployed. Public reports show that brands such as Luzhou Laojiao, Gujinggong, Wuliangye, Shuijingfang, and even Heiniu Foods have stepped into the pre-mixing business. Moutai also launched a low-level cocktail “Youmi” in 2017. Fighting among the heroes eventually caused market saturation. Coupled with “consumer mentality is not yet mature”, “traditional wine industry lacks motivation to cultivate emerging brands” and other reasons, the popularity of low-alcohol wine quickly declined. Liquor expert Cai Xuefei told reporters that even low-alcohol liquor was once labeled as “cheap” and “low-quality” in the market. In recent years, with the help of digital platform channels such as e-commerce and live broadcasting, low-alcohol wines such as fruit wine and rice wine have made a comeback. The newly emerging low-alcohol wines are mainly distributed in two categories: one is hard soda wine that focuses on low sugar and low calories, and the other is flower fruit wine and rice wine that are more suitable for women’s tastes. Take Berry Sweetheart as an example. In 2020, in Li Jiaqi’s live broadcast room, more than 50,000 bottles were sold in one night, which is equivalent to one month’s sales of traditional liquor brands that have laid channels offline. However, with the rapid growth of the market, the influx of imitation products and the reshuffle of the industry are issues that every emerging category of products must face. Can low-alcohol wine avoid “repeat the same mistakes” this time? Zou Wenwu, founder of the China Fruit Wine Industry Research Center, pointed out: “The low-alcohol wine track is still in the market growth stage, and many brands are entering the low-alcohol wine track. The biggest hidden danger at present is the flood of production capacity of various low-end wines. If once the market is given the impression that low-alcohol wine is inferior and blended with three essences and one water, it will cause category damage to the rise of low-alcohol wine, especially various fruit wine categories.” Speaking of future development, Cai Xuefei, a wine industry marketing expert and wine industry analyst, said, “As the entire low-alcohol wine continues to mature, some large-scale enterprises should grow to raise the threshold of the entire track.” “At present, on the low-alcohol wine track, in addition to Rui’ao, Meijian and other brands, there are also many Internet celebrity brands such as Zui Goniang,” Zou Wenwu told reporters: “The core competitiveness of low-alcohol wine is mainly products. The taste and quality of the wine is the key to the success of low-alcohol wine.” Tencent Securities Research Institute columnist Guo Shiliang also said, “Low-alcohol wine meets the health needs of young people today. Therefore, the market will have higher requirements for the quality of low-alcohol wine. In the future, companies or companies that pay more attention to the procurement of raw materials and the level of winemaking technology Will win.” Ao Yi journalist Guan Yuhui, trainee reporter Zhang Jieying

BioNTech Annual General Meeting Successful with mRNA technology At today’s Annual General Meeting, the BioNTech top management can boast great successes. This is not only due to the corona vaccine, in which the company has left many competitors behind. From Bianca von der Au.

editor — Thu, 24 Jun 2021 16:55:10 +0000

BioNTech Annual General Meeting Successful with mRNA technology

Status: 22.06.2021 10:25 a.m.

At today’s Annual General Meeting, the BioNTech top management can boast great successes. This is not only due to the corona vaccine, in which the company has left many competitors behind.

From Bianca von der Au, ARD stock exchange studio

What happened to the Tübingen-based vaccine manufacturer CureVac is actually the norm in the biotech industry: one drug candidate disappoints. Research is tedious and devours billions. The rapid success of the competitor BioNTech was more than a stroke of luck, believes asset manager Hendrik Leber from the private corporation Acatis. The Mainz biotech company did a lot of things right, he says. “BioNTech made the decision very quickly to develop a vaccine at all. And the choice of partner to work with Pfizer was an extremely good decision.” The US pharmaceutical company opened the door to the American market and at the same time pushed ahead with marketing and clinical studies at a rapid pace.

06/17/2021

CureVac Story of a disappointed hope

While the world is now being vaccinated with BioNTech, CureVac has proven to be ineffective. Why?

Does CureVac’s chance lie in the mutants?

The Tübingen competitor CureVac is not only lagging in terms of time, but also in terms of time Effectiveness of his vaccine after. Experts are divided as to whether this deficit can be made up at all. Pharmaceutical specialist Alexander Nuyken from the consulting company EY gives the race is not lost for CureVac – in view of the constant number of new mutations and a low vaccination rate among the world’s population.

05/18/2021

Race around “Vaccines 2.0” Who will win the fight against the mutants?

The manufacturers are working on the next generation of vaccines that should help against Covid variants.

mRNA vaccine with great potential

However, the EY expert sees enormous potential in biotechnology, especially in the field, beyond the corona vaccine novel mRNA technology , which CureVac is also researching. “It was originally not developed with Covid in mind, but for completely different therapies, such as cancer”recalls Nuyken. There is the potential to address other diseases with this technology, namely, according to the expert, “cheaper, faster and more efficient.”

There is great hope – not only among investors – that mRNA technology can develop effective agents against previously incurable diseases – not only against cancer, but also against Alzheimer’s, for example. BioNTech has been researching a vaccine against cancer for a long time and, a few days ago, treated a skin cancer patient with an mRNA vaccine for the first time in a phase II study.

04/21/2021

Medical research “March through for mRNA vaccines”

Despite initial skepticism, mRNA vaccines have become the pacemaker during the pandemic.

Would you like more willingness to take risks?

The path to the surprising success with the corona vaccine was only possible for BioNTech thanks to patient donors in the background. EY pharma expert Nuyken believes that there is a need for greater willingness to take risks in Germany. “How do we get the good science that we undoubtedly have in Germany in companies? And how can we then further develop these companies until they are ready for the market?”the expert asks.

He sees this as the biggest hurdle in the German environment. “In contrast to the American market, we have significantly less capital that is available for the development of these companies.” So it’s no wonder that CureVac and BioNTech have been listed on the Nasdaq technology exchange in the USA in the past two years. But also in Germany, Corona and the search for a vaccine have put the biotech industry in the (spotlight) light. According to EY, the German biotechnology company is in the Corona year 2020 so much capital flowed in as never before . In CureVac, the federal government even invested 300 million euros – a risky investment

Behind the scenes of Momo’s annual grand ceremony: the release of new value of “social + live broadcast”

editor — Wed, 16 Jun 2021 10:09:10 +0000

Technology from the media / Lao Hu Shuo Technology

On June 12, Shanghai Mercedes-Benz Cultural Center, Momo’s 2021 live broadcast annual grand ceremony was staged. Jackie Chan, Zhang Shaohan, Zhang Xinzhe, Hu Haiquan, VaVa, Gao Jin and other celebrities all attended the show. Li Xiang, Li Ai, and Da Zuo partnered to host and performed on the same stage with dozens of popular Momo anchors, bringing an audiovisual experience to online and offline users feast.

That night, Momo officially awarded the top ten male and female anchors of 2020, ten new institutions and other awards to the host. At the same time, the LED display of the Shanghai Global Harbor Twin Towers also showed a huge launch of the Momo Live Broadcasting Annual Festival, which created momentum for the MOMO Live Broadcasting Festival held at the Mercedes-Benz Cultural Center that evening.

This is already the fifth annual festival created by Momo in a row. After five years of sharpening a sword, behind Momo’s 2021 live broadcast festival is Momo’s new value of “social + live broadcast” in full bloom.

Echoing the annual ceremony, Momo once again handed over a beautiful report card. Just a few days before this live broadcast annual festival was held, Momo’s 2021 Q1 financial report released on June 8 showed that Momo’s net revenue in the first quarter was 3.470 billion yuan, exceeding Wall Street’s expectations; net profit was 633.7 million yuan. Profitable for 25 consecutive quarters.

It is worth noting that among the net revenue, Momo’s live broadcast service revenue reached 1.9621 billion yuan. Moreover, the Momo Master App has 115.3 million monthly active users, a record high. Among them, among the monthly active users, the total number of paid users of Momo’s live broadcast service and value-added service reached 12.6 million after deduplication.

The revenue capacity of live broadcast and the continuous growth of paying users for live broadcast demonstrates the powerful power of Momo’s “social + live broadcast” differentiated play. This is in the live broadcast industry where competition is fierce and profitable, Momo’s live broadcast business is very impressive. .

Also in this June, in addition to LED advertising screens, Shanghai People will also visit major bus shelters, subways, buses, office buildings, etc. in well-known landmark areas such as the Bund, People’s Square, Xujiahui, Nanjing Road, Lujiazui, and Shanghai Expo Valley. Saw the advertisement that Momo put on the host.

On one side is the brilliant live broadcast data, and on the other is the huge annual live broadcast festival. So far we have got a glimpse of the charm of Momo’s “social + live broadcast” model. The most important thing is that ahead, Momo in this mode has more room for imagination.

The annual grand ceremony, a booster for the high-standard development of the live broadcast industry
From the first held at the Water Cube in Beijing to this year’s Shanghai Mercedes-Benz Cultural Center, Momo’s annual live broadcast of the year has convened Li Yuchun, Li Bingbing, Mao Buyi, Xue Zhiqian, Lin Yilian, Deng Ziqi, Gigi Leung, and Jackie Chan. Stars such as, Zhang Shaohan and Momo’s popular anchors compete on the same stage, and they have sharpened their swords in five years. The annual Momo Live Broadcasting Festival has become synonymous with high-standard and influential activities in the current live broadcast industry.

The significance of Momo Live’s annual festival is that by cultivating excellent anchors on weekdays, excellent anchors have a larger stage and fully release the dual influence of excellent anchors and Momo Live in the industry. In 2020, under the epidemic, Su Xiaosu, an all-round anchor, successfully made her debut on Momo. Her single “Watching the Sea” received extremely high reviews. The music champion Dong Shuangshuang is known as “Caiyun Girl”, and has representative works such as “Caiyun Girl”, “Happy Fish” and “Love to the End”.

Behind the high popularity of the above-mentioned anchors both inside and outside the Momo platform, it is the blessing of Momo’s live broadcast industry status and influence. These popular anchors competed fiercely in the annual festival competition on the Momo platform, and finally competed on the same stage with the stars on the Momo live broadcast annual festival, and gained support from online and offline fans. This move will be of great benefit to both personal growth and the development of the Momo live broadcast platform.

It can be said that the annual Momo Live Broadcasting Ceremony is not just a large-scale event, it is also a big stage for amateur stars and a booster for the high-standard development of the live broadcast industry. Through Momo live broadcast, more and more people’s lives have been changed.
Behind the live broadcast revenue of 1.962.1 billion, create a “social + live broadcast” highland

As we all know, Momo started with social interaction, which is its core and a powerful tool. In addition, Momo later acquired Tantan, and its social power was further strengthened. Through the differentiated play of social + live broadcast, the current live broadcast revenue of 1.962.1 billion yuan has been achieved, which is of great significance to Momo.

Because the competition in the live broadcast industry has become fierce for everyone to see, it is even more difficult to stand out in the fierce market. How did Momo do it?

Behind this is the advantage of Momo’s “social + live broadcast”.

According to QuestMobile statistics, in July 2020, Momo ranked fourth on the TOP list of post-90s Internet mobile social users, second only to the three giants of WeChat, QQ and Weibo. In the China Mobile Internet 2020 Annual Report released by QuestMobile, Momo ranked first in the field of user-scale community dating on the Internet Strength Value List. It can be seen that Momo has built a sufficiently high social barrier and formed its own user scale and activeness advantage.

When live streaming meets social networking, Momo fully releases and utilizes the advantages of the integration of social networking and live streaming.

Momo CEO Wang Li once described Momo like this: “As a young social product, Momo has hundreds of millions of users interacting on it. The essence is that it gives young people spiritual comfort to a certain extent. The problem still needs to be solved by people. Only the interaction between people can polish the curve of life.”

Specifically, Momo launched nearby live broadcasts and dating live broadcasts, becoming a major killer of live broadcast products. Momo has also developed a variety of “social + live broadcast” gameplay innovations, allowing users to gamify and interact while watching live broadcasts. Such efforts and explorations in product, operation, and interactive innovation have brought the life arc of live broadcast users, which not only achieves user growth, but also has breakthroughs in payment ratio and payment capabilities of Momo’s live broadcast platform compared with other live broadcast platforms. .

Moreover, the strong social relationship established by Momo makes the entire user more binding and attractive than other live broadcast platforms. The live broadcast also realized the further activation of Momo Changwei’s paying users. In the end, the users of Momo Live showed excellent performance in stickiness, consumption ability, and willingness to pay.

Relevant data has already confirmed this point. In 2019, the “Social + Live Broadcasting Development Research Report” released by QuestMobile Research Institute showed that Momo users accounted for 46% of high-end model users, and paid users accounted for 15%, second only to the integrated e-commerce platform Taobao, and nearly 20% of Momo users. The monthly online consumption level of Mo users is more than 1,000 yuan. You know, this is the data two years ago, and now Momo has gone further in the development of social + live broadcast.

In other words, through the five-year Momo Live Broadcasting Festival, what we can see is that Momo, the leader in the live broadcast industry, has already created its own social + live broadcast highland, which is another single live broadcast platform. Unattainable.
The new stage of the live broadcast industry, with greater imagination in the future

If we look at the five-year journey of Momo Live’s annual festival from the perspective of “the strong are always strong, the Matthew effect”, we can also find that behind this high-standard live broadcast event that lasted for five years is the continuous moat of Momo Live. Deepening is also a manifestation of Momo’s greater influence as a head live broadcast platform, stronger user acquisition capabilities and lower content acquisition costs.

Whether it’s Momo’s open social attributes combined with live broadcast innovative gameplay, or live broadcast of annual festivals and daily offline and online integration activities, Momo’s unique position in the live broadcast track makes its monetization ability increasingly stronger. In the past five years, live broadcasting has been the “cash cow” of Momo’s commercialization.

Although Momo only entered the live broadcast in 2015, this latecomer has repeatedly used social networking to make continuous efforts. Momo Live has its own traffic portal and ecosystem. After all, for the live broadcast model, social interaction is naturally required, and undertaking the important task of live broadcast to pull new life also requires the sharing of social interaction to achieve the fission effect.

In the author’s opinion, the social gene coincides with the needs of live broadcast netizens for social interaction, and socialized live broadcast has a future. Because only the fun live broadcast new gameplay that drives users through social interaction can further occupy user time and ensure user retention. With social power, huge user traffic and activity are guaranteed.

Moreover, among all social platforms, Momo has the youngest users. The young will have the future world. With this advantage, not only can it continue to deepen Momo’s own moat in the live broadcast industry, but also open up more room for imagination of Momo social + live broadcast in the next few years.

At present, in addition to optimizing the live broadcast ecology of Momo’s main station, Momo is also introducing live broadcast in Tantan. At the same time, both Momo’s member products and Tantan’s member products are in the process of exploration. This series of adjustments is conducive to the long-term development of Momo’s live broadcast ecosystem. In the future, Momo will continue to make efforts in anchor training and content optimization. At the same time, it will continue to make more attempts in public welfare and positive energy.

In short, the domestic live broadcast industry has already passed the first half. Nowadays, the way for live streaming products to acquire users based on purchases has basically been blocked, and there are almost only two paths left for user acquisition: competition for stock users and recall of silent users. This is exactly the strength of Momo.

From the perspective of the industry environment, the new crown epidemic has accelerated the maturity of the live broadcast industry, and more and more potential demands have been awakened. The live broadcast industry has truly entered a new stage-live broadcast continues to collide with thousands of industries to create new possibilities. Ahead, Momo’s live broadcast will also evolve and finally shine with new brilliance.

With annual revenue of nearly 700 billion, the low-key domestic auto “giant” has a profit 10 times that of BYD!

editor — Thu, 10 Jun 2021 04:49:07 +0000

At present, the development of the domestic automobile market is very good. Many domestic automobile manufacturers have the hard power to compete with joint venture automobile manufacturers, and some domestic models have even become benchmark models. Such results are quite satisfactory. In fact, looking at it now, the automobile industry is already a sunrise industry, and the future development trend is new energy vehicles. The strength of car-making can reflect the overall level of a country’s manufacturing industry. Geely, Great Wall, Changan and other domestic automakers have shown a very comprehensive comprehensive strength. Of course, there is still a certain gap with some overseas automakers, but this gap is narrowing.

Toyota and Honda from Japan, Volkswagen, BMW and other automakers from Germany are currently world-class automakers. Of course, the wealth-making ability of these car companies is quite good. It is now the second quarter of 2021. Naturally, the relevant performance report for 2020 has been successfully released. It can be seen that the future development trend is still new energy vehicles. The data is real, and in the 2021 global rich list, Musk’s worth has successfully reached the top of the world’s richest man, and also the richest man with the largest increase in global wealth last year. Of course, the biggest contribution is Tesla Motors. Of course, the comprehensive strength of some domestic new energy automobile manufacturers is also very good, such as Weilai Automobile and Xiaopeng Automobile. Moreover, in the global market value rankings of auto companies, China’s auto companies can be said to have won a big victory, occupying 9 seats in the top 20. In addition to the two automakers mentioned above, BYD, Great Auto, Geely, SAIC Group, GAC Group and Ideal Automobile are all on the list. There are new energy car manufacturers and some traditional car manufacturers. Of course, because the future development trend of the automobile market is new energy vehicles, the market value of Weilai, Xiaopeng, Ideal Auto, etc. are also rising all the way, of course, it is inseparable from capital support. Especially NIO, whose market value has reached more than 80 billion U.S. dollars, this result is quite outstanding. However, the current domestic new energy vehicle industry giant is BYD Auto. The current market value is as high as 484.7 billion yuan, ranking first in the industry. Of course, BYD has also received investment from Buffett, which shows that BYD Auto is very successful. In 2020, BYD Auto’s revenue reached 156.6 billion yuan, and its net profit increased by 4.23 billion yuan. This result is already excellent enough. After all, it experienced a relatively difficult period of time last year. However, the most profitable domestic car company is not BYD Auto. It is China FAW Group. In 2020, its revenue will reach 700 billion yuan, and its net profit will be as high as 46.7 billion yuan, which is equivalent to 10 times that of BYD Auto. In other words, FAW Group can earn 127 million yuan every day. Among them, the revenue of FAW Jiefang heavy trucks is relatively high, reaching 113.7 billion yuan, and the profit is as high as 3.5 billion yuan. It can be said that the performance is very important. Moreover, the sales volume of FAW Jiefang heavy trucks has ranked first in the country for five consecutive years. Of course, FAW Group’s profits are due to joint ventures, and FAW Audi has contributed the most. Of course, domestic companies still need to improve their competitiveness. At present, many domestic companies have shown strong competitiveness, and it is hoped that these car companies can create better results.

The ‘red carpet’ returns to the 2021 Academy Awards

Việt Hải (TTXVN) — Tue, 11 May 2021 05:15:07 +0000

The ‘Red Carpet’ returns with the prestigious Academy Award of the American Academy of Motion Picture Arts and Sciences this year, after the COVID-19 pandemic has left most of the biggest film awards around. The world was forced to cancel or switch to online form over the course of the past year.

The scene of the red carpet at the 93rd Annual Academy Awards, April 25, 2021 in Los Angeles, California, USA. Photo: Getty Images Hollywood’s A-list movie stars and stars have put on the best outfits to appear live on perhaps the world’s most iconic cinema red carpet event, the Oscar red carpet. This year, the red carpet event took place outside of Union Station in downtown Los Angeles. The stars will not have to wear masks when on the red carpet or do interviews, although staff and reporters must strictly implement anti-epidemic measures, such as wearing masks or spacing. According to the plan, the 93rd annual Oscar ceremony will last from 7am and last until 10am this morning, 26/4 Vietnam time. This year’s awards ceremony took place on a smaller scale than usual, mostly online and with a limited number of guests. However, the organizers still expect to attract a large number of viewers to watch live on the show.

The 2021 Oscars ceremony is small-scale because of COVID-19

Việt Hải (TTXVN/Vietnam+) — Tue, 11 May 2021 04:04:08 +0000

According to the plan, the 93rd annual Oscar ceremony will last from 7am and last until 10am this morning, 26/4 Vietnam time.

(Source: deadline.com) “The Red Carpet” returns with the prestigious Academy Award of the American Academy of Motion Picture Arts and Sciences this year, after the COVID-19 pandemic has left most of the biggest film awards around. The world was forced to cancel or switch to online form over the course of the past year. The movie stars and Grade A star Hollywood has put on the best outfits to appear live on perhaps the most iconic red carpet event of world cinema, the Oscar red carpet. This year, the red carpet event took place outside of Union Station in downtown Los Angeles. The stars will not have to be worn face mask When going on the red carpet as well as giving interviews, although staff and reporters must strictly implement anti-epidemic measures, such as wearing masks or gap . According to the plan, the annual awards ceremony 93th Oscar will last from 7am and last until 10am this morning, April 26, Vietnam time. This year’s awards ceremony took place on a smaller scale than usual, mostly online and with a limited number of guests. However, the organizers still expect to attract a large number of viewers to watch live on the show./.

Sa Pa is quieter than the annual 30/4 holiday because tourists are afraid to translate

Đức Anh — Sun, 02 May 2021 08:15:07 +0000

Tourists, restaurant and hotel owners in Sa Pa (Lao Cai) believe that the first day of the 30/4-1 / 5 holiday season this year is less than the same occasion in the previous years due to the influence of the Covid-19 epidemic. .

On the evening of April 30, the center of Sa Pa town (Lao Cai), many tourists flock to the holidays. 8:00 am, the central square and the busy Stone Church area. However, compared to a week ago, this number of visitors is rated at a normal level. Compared with the holidays of April 30 and May 1 every year, the number of tourists coming to Sa Pa this time is much quieter because the Covid-19 epidemic is in danger of breaking out again. “Like this day last week, the center of town is full. Taxi moves little by little, motorbikes have to wriggle to get to the locations. Nowadays, traffic is quite convenient, no more congestion. “, Mr. Ly Lo Su (47 years old), a motorbike taxi driver said. A native of Sa Pa, living in Giang Ta Chai village, more than 10 km from the center of town, Mr. Su is still daily from the house to drive to pick up customers to earn copper into the field. “Holidays like every year also make a good fortune, running a few hundred to 1 million a day. However, this year perhaps customers are worried about translating, so it is quite deserted. I just earned more than 200,000 VND from 10am until now,” he said. History said. In some places, restaurants and restaurants are quite crowded, but many are quite deserted. The town People’s Committee sent the car for continuous propaganda, at the same time mobilized staff to remind everyone to wear a mask to prevent Covid-19 epidemic. Before that, in the morning, the peak of Fansipan from 10am to 11:30 was not too crowded despite favorable weather. “Compared to many vacations before this round, Sa Pa is much quieter. I think because people are afraid to translate, they don’t go as much as they did in previous years. I’ve been here many times, but this is the first time I’ve seen this place so deserted, ”shared Mr. Truong Van Thang (white shirt, from Hai Phong). The central square of Sa Pa town is sparse at 17 o’clock. Almost visitors as well as local people are obedient to wearing masks. Some people take pictures at the Stone Church in the afternoon. Different from many years ago, visitors still have plenty of space to play.

Original American wants to buy Gree, Dong Mingzhu: Give 800 million an annual salary and don’t do it!The ending is extremely comfortable

editor — Mon, 26 Apr 2021 10:32:08 +0000

Now Gree Electric is an international home appliance enterprise integrating R&D, production, sales and service. It has three brands: Gree, TOSOT, and Jinghong. It mainly deals in household air conditioners, central air conditioners, air energy water heaters, mobile phones, household appliances, Refrigerators and other products. In 2019, it ranked 414th among the world’s top 500 companies, and ranked 37th among the top 500 Chinese manufacturing companies. At present, Gree Electric has more than 150 million global users, and has 8 production bases in Zhuhai, Brazil, Pakistan, and Vietnam, and more than 80,000 employees.

Gree, founded in Zhuhai in 1991, has now become an aircraft carrier in China’s air-conditioning industry. But just a dozen years ago, Gree faced the danger of being sold to the Americans. Thinking of it, it makes people sweat.

In July 2005, the media suddenly exposed the news that “Carrier will acquire Gree Electric.” Although the Zhuhai State-owned Assets Supervision and Administration Commission quickly came forward to refute the rumors, the matter was definitely not groundless. “At that time, an official from the State-owned Assets Supervision and Administration Commission of Zhuhai who was interviewed by the “Chinese Entrepreneur” said: “Almost all companies that can come have come. Who doesn’t want to get Gree.” ”

At that time, Gree Electric’s restructuring was entering a very sensitive stage, and the Zhuhai municipal government was also hesitant about how to choose. Gree’s restructuring work began in 2003. Although Gree Group held 58.66% of Gree Electric’s equity, the restructuring work was still directly managed by the municipal government.

At that time, the Zhuhai Municipal Government had different opinions on how Gree should restructure. The party headed by the Secretary of the Municipal Party Committee at the time advocated introducing a major shareholder for Gree Electric. As long as the major shareholder can ensure that Gree Electric will remain in Zhuhai, it will be fine even if it is bought by foreign capital. The other faction is opposed to the shareholding of Gree Electric. Sold to foreign investors.

The party that agreed to sell Gree to foreign investors used the example of Shenzhen Water Group’s restructuring as a magic weapon. Two years ahead, Shenzhen sold its 45% stake in Shenzhen Water Affairs Group to the French Veolia Water Group at a price of US$400 million, and the restructuring was a success. Many people from the Zhuhai Municipal Party Committee and Municipal Government were very interested in this experience in Shenzhen. If a Fortune 500 company can be introduced to buy Gree, this will be a highlight for the political achievements of the ruling party, and it can also change Zhuhai’s backwardness in attracting foreign investment in the province at that time.

Soon after the news of Gree Electric’s equity transfer came out, a large number of foreign companies flocked to it. Companies that have expressed strong interest in equity transfers include internationally renowned companies such as American Carrier and Japan’s Daikin. Through a period of inspection, the Zhuhai Municipal Government has been more active towards the American Carrier Group, the company founded by the inventor of air-conditioning Willis Carrier, but these details have always been kept secret from Gree’s senior management.

In July 2005, when the Carrier Group launched an investigation before the acquisition of Gree, the Zhuhai Municipal Government revealed the acquisition plan to Gree’s management. The shock and resistance of then chairman Zhu Jianghong and general manager Dong Mingzhu can be imagined. .

In the life and death of Gree Electric, Dong Mingzhu showed the demeanor of an “Iron Lady”. She directed the staff to prevent the investigators of the Carrier Group from entering Gree’s gate, and she immediately went to Guangzhou to find Zhang Dejiang, then Secretary of the Provincial Party Committee, and told Secretary Zhang the pros and cons of the “national brand” of Gree being sold.

In Secretary Zhang’s office, Dong Mingzhu burst into tears: “Although American Carrier is a Fortune 500 company in the world, if we sell them to them, our domestic products are gone! Gree is small, but it has a future!” When it comes to excitement, she even said Slapped the table.

The result of this three-hour battle based on reason is that Secretary Zhang sent a provincial investigation team to investigate the acquisition of Gree Electric.

In fact, 2005 was a year of great strides for Gree Electric. Gree was the only representative of the home appliance industry on the “Top 500 Taxpayers in China” and “Top 500 Taxpayers of China’s Listed Companies” announced by the State Administration of Taxation in the first year. . Compared with the annual production capacity of 20,000 units when the company was founded, it has doubled by 140 times.

Dong Mingzhu is an ambitious woman. She has said in public many times: “We hope Gree can become a global brand. South Korea can cultivate a global brand like Samsung. Doesn’t China have the ambition to cultivate its own brand?” Under her leadership, Gree Electric took the lead in successfully developing With the “centrifuge” technology, it has completely independent intellectual property rights.

Dong Mingzhu is very supportive of the corporate restructuring, but she is not willing to sell Gree to Americans one hundred and twenty. Although Carrier has strong capital and leading technology, as well as a global sales network, she believes that this has no meaning to the improvement of Gree’s competitiveness. As she said in front of the secretary of the provincial party committee: “Gree has no shortage of funds, technology, and global sales network. Gree does not have a penny loan in the bank, and has good financing and technical capabilities. Gree’s global sales network is not inferior to that of Americans.”

At that time, Gree was about to reach the top of the home appliance industry. If it was acquired by the Americans, what would be waiting for Gree, Dong Mingzhu knew very well. Wasn’t Kelon also “the world’s best SME”? What happened after being acquired?

Dong Mingzhu is very clear that if Carrier acquires Gree, it will reverse the decline of foreign air-conditioning manufacturers in the Chinese market and become a strong oligarch in the Chinese air-conditioning market overnight. Once the acquisition is successful, Carrier can OEM production, greatly reduce costs, and deliver its products to every corner of the Chinese market through Gree’s blood vessels.

Regarding the restructuring, Dong Mingzhu’s plan is for Gree Electric to strive for a pilot “full-tradable share reform” and reduce state-owned shares to the public. This is also a key share reform project in Guangdong Province. However, some leaders in Zhuhai at the time were hesitant to “share reform” and insisted on selling Gree.

This is the moment of survival for a national brand. In order to succeed in the acquisition, the Carrier Group made a private promise to Dong Mingzhu: After the acquisition of Gree, she will continue to serve as the general manager, with an annual salary of 80 million yuan. Dong Mingzhu’s answer was eloquent: “I won’t agree with an annual salary of 800 million yuan!”

Everyone, what is the concept of an annual salary of 80 million in 2005? Even today, Dong Mingzhu’s annual salary is not two million, and 80 million is an astronomical figure for her. But Dong Mingzhu was not overthrown by sugar-coated shells, she wanted to turn the tide.

With the support of the main leaders of the province, the Zhuhai governing officials who advocated the introduction of foreign capital were removed, and Carrier’s plan to acquire Gree was aborted. The agreement to transfer equity has become Gree Electric’s choice.

Gree’s secretary of the board of directors said: “Entering the equity division platform, the pricing of state-owned assets is completely market-oriented, and the opportunity for cheap sales is immediately reduced. Gradually reducing state-owned shares through the secondary market can completely avoid the fate of foreign acquisitions.

In September 2006, Dong Mingzhu was appointed as a director of Gree Group, and then took over as chairman in 2012. Gree Electric has completely entered the “Dong Mingzhu era”. In this year, Gree Electric’s sales exceeded the 100 billion mark, becoming the first company in my country’s home appliance industry to rely on a single product to exceed the 100 billion mark in sales. Her oath of “recreating a Gree in five years” was also fulfilled.

Let’s go back and take a look at the American company that is preparing to acquire Gree!

On November 15, 2011, Midea Electric completed the acquisition of a 51% stake in Carrier’s air-conditioning business in Latin America and took over the air-conditioning business of Carrier in Latin America. Fang Hongbo, Chairman and President of Midea Electric pointed out: Holding the control of Carrier’s Latin American air-conditioning business is one of Midea’s global strategies. After the completion of this merger, Midea’s overseas manufacturing capabilities will be further strengthened.

In the announcement of the acquisition of Carrier, Midea Electric said: “In the long run, the global air-conditioning market will gradually evolve into a duopoly of Gree and Midea.” But Midea also admits that from the perspective of air-conditioning projects, Gree Bi Midea’s internationalization The process is one step faster. In recent years, the proportion of Gree’s own brand exports is much higher than that of Midea, and its influence has basically been established in overseas markets, especially European and American markets.

Gree people will never forget Dong Mingzhu’s generous statement on the board of directors: “The annual salary that Carrier offered me is too tempting, but I can’t accept it. Because the acquisition means Gree’s failure! Carrier is the world today. Fortune 500, but Gree will be tomorrow’s top 500! Give me 20 years, wouldn’t it be better for us to build the Fortune 500 ourselves?”

Bamboo Capital (BCG) continues to plan to offer 148.77 million shares to existing shareholders to supplement its charter capital.

Vũ Duy Bắc — Sun, 25 Apr 2021 16:50:06 +0000

Bamboo Capital Joint Stock Company (Stock Code BCG – HOSE) announced the document of the Annual General Meeting of Shareholders in 2021, the meeting is scheduled to be held on May 15 in the city. Ho Chi Minh.

Accordingly, in 2021, the enterprise expects net revenue of 5,375 billion dong, after-tax profit of 806.4 billion dong, up by 289.76 percent and 302.7 percent respectively compared to the implementation in 2020. Of the VND 5,375 billion net revenue, VND 4,030 billion came from the real estate sector; 3,203.5 billion VND from construction and trade; 1,156.6 billion dong in the energy sector; 300 billion VND in production and agriculture; VND 323.7 billion in other fields; and revenue deductions are -3,638.7 billion. It is expected that by 2021 there will be 400 MWp of solar power generated. BCG’s 2021 strategy will continue to define itself as a leading development group in the renewable energy sector in Vietnam. In particular, the research and development to the LNG gas power segment, the total power output in the portfolio is from 2,000 MW to 2025. For the real estate sector, quickly complete unfinished projects in 2020 to record revenue for 2021, observe the market and deploy new projects cautiously on the basis of making use of available land. In the construction field, Tracodi has become a leading construction contractor in Vietnam. In addition, the enterprise also submits to shareholders the 2020 dividend plan at the rate of 10%. Of which, 8% is in cash and 2% is in stocks. It is known that in the annual shareholders meeting in 2020, the enterprise expects dividends to be 12%. Thus, the dividend rate has decreased 2% compared to the plan. Entering 2021, the dividend rate is expected to increase to 12%. It is known that dividends in 2020 are expected to be paid in the second quarter or the third quarter of 2021. A noteworthy content is that the business plans to continue offering to sell 148.77 million shares, equivalent to a rate of 50% to existing shareholders at the price of 12,000 VND / share. The amount expected to mobilize is 1,785.24 billion for the purpose of supplementing working capital of the business. Expected time is quarter III / 2021. Previously, the enterprise has just successfully offered to sell 68 million shares to existing shareholders at the price of 10,000 dong / share in March 2021. In addition, the enterprise also plans to offer 60 million individual shares to supplement working capital, the expected time in 2021. Closing the session on March 23, BCG shares stood at the reference price of 12,850 dong / share.

In the first quarter of 2021, Dung Quat oil refinery achieved profit more than 2 times the annual plan

Ngọc Vy — Sun, 25 Apr 2021 14:55:09 +0000

In the first quarter of 2021, Binh Son Refining and Petrochemical Joint Stock Company (BSR) achieved a profit of 1,870 billion VND, equivalent to more than 2 times the plan of the whole year 2021.
According to the report, in the first quarter of 2021, total output of products consumed by BSR reached about 1.56 million tons, exceeding 2.9% of the quarter plan; revenue is nearly 21,000 billion dong, profit is 1,870 billion dong (reaching 216% of the plan of 2021), paying to the state budget 2,246 billion dong.

This result is due to the improvement of domestic market demand as the COVID-19 epidemic has gradually been controlled. Demand for diesel oil is high and gasoline demand is quite good. Demand for Jet A1 jet fuel has improved compared to the COVID-19 outbreak in late January 2021. Binh Son Refining and Petrochemical Joint Stock Company. In addition, oil prices in recent months have increased, making production and business activities of Dung Quat Oil Refinery more favorable. At the beginning of March 2021, the price of Brent oil sometimes increased to nearly 70 USD / barrel. In particular, the drastic implementation of the COVID-19 response solution package and oil price volatility are also very important factors to help BSR overcome all difficulties and exceed the targets. In addition, the Board of Directors of BSR has devised a strategy to overcome difficulties during a pandemic, implemented many drastic solutions such as adjusting the capacity range to suit market needs, enhancing cash flow management, and reducing maximizing costs and promoting activities of scientific research, innovation, innovation, and labor creation. With these foundations and the results achieved in the first quarter of 2021, BSR continues to propose flexible and trendy solutions and strategies to make stronger breakthroughs in the coming time. Accordingly, the company set targets to strive to achieve an output of about 6,497 million tons; revenue is 70,661 billion dong, paid to the State budget 7,698 billion dong and profit after tax is about 864 billion dong. To complete the tasks of 2021, BSR has proactively built business scenarios and plans to actively respond to unpredictable market fluctuations such as: Focusing on safe and stable plant operations in high capacity with optimal operating mode and product structure; continue to do well in market forecast work; promote innovation, research, application and diversification of new products with higher value. BRS also continues to thoroughly implement the work of reducing, saving costs and managing cash flow; improve governance capacity, increase digitalization of the management system to improve operational efficiency; continue to well implement the PetroVietnam Cultural Restoration Project, build BSR’s foundational culture based on the program “7 effective habits” to strengthen employees’ spiritual strength. In 2020, BSR also successfully overcame the crisis with positive results. BSR completed the 4th general maintenance of Dung Quat Oil Refinery; operating the plant safely, continuously and stably; production output reached 5.93 million tons, finishing 19 days before, exceeding 7% of the year plan. Notably, BSR achieved revenue of 57,895 billion VND, paid to the State budget 6,242 billion VND and reduced the loss to only 2,852 billion VND, lower than originally expected. BSR started to be profitable again from the third quarter of 2020, ending the accumulated loss for 2 consecutive quarters; cost reduction is nearly 2,000 billion VND; over 350 innovations and 40 initiatives were put into use, benefiting the company hundreds of billion dong.

FPT Retail (FRT) plans to participate in the field of wireless telecommunications, other monetary intermediaries

Vũ Duy Bắc — Sat, 24 Apr 2021 20:00:23 +0000

FPT Digital Retail Joint Stock Company (FPT Retail, stock code FRT – HOSE) announces additional documents of the Annual General Meeting of Shareholders in 2021, the meeting is scheduled to be held on April 29 in the city. Ho Chi Minh.

Accordingly, the enterprise plans to submit a plan to supplement the wireless telecommunication industry; other monetary intermediary activities (Details: Carrying out banking services through a digital environment); Other financial services activities are not elsewhere classified (except insurance and social insurance). Enterprises said additional reasons for convenience in implementing cooperation activities with partners to maximize services provided to customers. In 2021, FPT Retail expects revenue of 16,400 billion dong, pre-tax profit of 120 billion dong, up by 12% and 320% respectively compared to the implementation in 2020. In 2021, the business plans to continue focusing on increasing sales of the store system by introducing new products and services such as implementing co-branded sim services; open 68 more Laptop centers; New products like watches, surface … In the pharmaceutical market, the company is expected to account for about 30% of the market share of the pharmaceutical retail channel through pharmacies in the next 2 years, the pharmaceutical segment will contribute about 25% of the total revenue of the company at more than VND 5,000 billion. . At the close of the session on April 23, FRT shares rose 300 dong to 28,300 dong per share.

Mr. Duong Cong Minh: ‘Sacombank is like my daughter-in-law’

Việt Đức — Sat, 24 Apr 2021 00:40:06 +0000

Chairman Duong Cong Minh affirmed that he is devoting all his enthusiasm and strength to the work at Sacombank to successfully restructure the bank in 5 years as the project.
Answering questions from shareholders about feelings for Sacombank and LienVietPostBank at Sacombank’s annual meeting on the morning of April 23, Chairman Duong Cong Minh said: “LienVietPostBank is a natural child, but I let go to get married. Sacombank is the daughter-in-law that just got back. But my daughter-in-law is always more precious ”.

Mr. Minh affirmed that Sacombank and LienVietPostBank are currently two completely independent banks with no contact with each other. Mr. Minh said that he now dedicates all his love and enthusiasm to Sacombank because this is the bank associated with his interests at the moment. At the meeting, Mr. Minh also shared with his desire to receive dividends from many Sacombank shareholders soon. Mrs. Kim Cuc (70 years old) said she had invested in Sacombank for decades and had the greatest desire to receive dividends. Mrs. Cuc said that the bank’s leaders during the restructuring period drove Sacombank to achieve good business results, bringing joy to shareholders, but if the dividend is paid, “the more fun”. “I myself also want to be paid dividends. Sacombank’s stock price is currently good. But if we are restructuring, we must follow the roadmap of the State Bank. Dividend distribution must wait for successful restructuring ”, Mr. Minh answered to shareholders. Mr. Minh reiterated his promise when accepting the task of restructuring Sacombank, the Board of Directors committed to try to succeed after 5 years. After the restructuring is successful, the bank will return to its normal state, and will be entitled to pay dividends. Chairman of Sacombank expects that by 2022 or early 2023, dividends can be distributed to shareholders. Another issue is that the strategic shareholder participation in Sacombank, which is of interest to investors, is also briefly answered by Mr. Minh that can only be discussed after the restructuring is successful, reporting to the State Bank. “Successful restructuring takes into account dividends and strategic shareholders. The Board of Directors is trying its best, uniting with the management board and Sacombank’s staff to successfully restructure in 5 years as promised when receiving the tasks. Up to now, I affirm that Sacombank has regained its position in the banking and financial market, operating stably and strongly developing ”, Mr. Minh emphasized. Currently, 32% of Sacombank’s shares are collateral assets under the management of VAMC. Chairman of Sacombank said that according to the restructuring plan, the bank must consult the Prime Minister to implement the plan of auction of shares. this part. Expected price includes the original price plus interest about 33,000-34,000 VND. Mr. Minh said that these shares may have to wait until 2022 to resolve. Chairman of the Board of Directors of VAMC Nguyen Tien Dong assessed that if the auction is successful for these Sacombank shares, the bank will have more investors with “fresh money, real grain” to participate and the business will be more active. Regarding the business situation in the first quarter, Sacombank General Director Nguyen Duc Thach Diem said that the first 3 months’ profit reached 25% of the plan of pre-tax profit of 4,000 billion VND in 2021. The credit balance in the first quarter increased by 5.8 %, capital mobilization increased 3%. In the first 4 months of the year, the bank successfully handled 2,280 billion dong of bad debt.

The people of Tay Tuu are busy at the harvest of lilies

editor — Thu, 22 Apr 2021 14:26:14 +0000

Every April, the people of Tay Tuu flower village, Hanoi, rush to harvest lilies. This year, flowers bloom early, people expect high selling prices, compensating for the sluggish months of COVID-19 epidemic.

This time is entering the main harvest, people are busy cutting flowers to sell. Every day, a household cut thousands of flowers, and wherever they cut, they can be sold there. (Photo: Thanh Dat / VNA) This time is entering the main harvest, each garden has thousands of lilies. (Photo: Thanh Dat / VNA) This time is entering the main harvest, people are busy cutting flowers to sell. (Photo: Thanh Dat / VNA) Compared to every year, lilies this year are priced, with prices ranging from 130,000-170,000 VND / bunch (100 flowers) in the field. (Photo: Thanh Dat / VNA) If well cared for, a single lilies can produce up to 4-5 flowers. (Photo: Thanh Dat / VNA) This time is entering the main harvest, each garden has thousands of lilies. (Photo: Thanh Dat / VNA) The bouquets of flowers are brought to the street by people to sell. (Photo: Thanh Dat / VNA) Lilies are usually planted in August and September of the previous year; It is not harvested until March and April of the following year. (Photo: Thanh Dat / VNA) People watering to keep flowers fresh until they are cut flowers for sale. (Photo: Thanh Dat / VNA) People watering to keep flowers fresh until they are cut flowers for sale. (Photo: Thanh Dat / VNA) The villagers in Tay Tuu village eagerly harvest flowers to sell to traders or sell them to the market. (Photo: Thanh Dat / VNA) Lilies bloom, signaling a coming summer. (Photo: Thanh Dat / VNA)

Sunshine City slows down: “Ten years of gambling” to ensure profit, annual sales target increase by 0.9%; “three red lines” still step on one

editor — Tue, 20 Apr 2021 00:05:09 +0000

Image source: Internet

Produced｜Sohu Finance

Author｜Wu Ya

On April 15, Sunshine City Group (000671.SZ) released its 2020 annual report and held a 2020 annual performance briefing.

“Entering the profit-oriented development stage” became the signal released by Sunshine City at this performance meeting. “The low profit rate is not terrible, but the terrible thing is the loss.” Zhu Rongbin, Executive Chairman and President of Sunshine City, was at the performance meeting. Said so.

In 2020, the overall performance of Sunshine City increased significantly, with annual revenue of 82.2 billion yuan, a year-on-year increase of 34.60%; net profit attributable to the parent company was 5.2 billion, a year-on-year increase of 29.85%. However, the gross profit margin was 18.88% during the same period, a year-on-year decrease of 6.66%.

In 2020, Sunshine City will achieve full-caliber sales of 21.011 billion yuan, equity sales of 139.565 billion yuan, and equity accounted for 64.02%, reaching its annual sales target; in 2021, it will exceed 220 billion yuan in annual sales.

As of the end of 2020, Sunshine City’s debt-to-asset ratio of 79.1% after excluding advance accounts is still “stepping on the line”; Zhu Rongbin said that Sunshine City will continue to maintain its “yellow profile” in 2021.

“The most impressive highlight in 2020 is the company’s successful introduction of Taikang Life Insurance as a strategic shareholder.” After Shoukang became a strategic shareholder, Sunshine City also announced the “Two Five-Year Plans” for the first time under the “Ten Year Gambling Agreement”. The future development goals of the company.

Gross profit margin problem: low profits are not terrible, but the terrible loss is

In 2020, Sunshine City will achieve revenue of 82.171 billion yuan, a year-on-year increase of 34.60%. Among them, the construction industry segment revenue was 897 million yuan, a year-on-year increase of 193.56%; the real estate industry contributed 96.01% of revenue to 78.889 billion yuan, a year-on-year increase of 34.27%.

During the same period, Sunshine City achieved a double reduction in management expenses, marketing expenses and fee rates throughout the year. Among them, management expenses were 1.978 billion yuan, a year-on-year decrease of 9.58%, management fees were 2.41%, a year-on-year decrease of 1.18 percentage points; marketing expenses were 2.402 billion yuan, a year-on-year decrease of 6.49%; marketing expenses were 2.92%, a year-on-year decrease of 1.28 percentage points.

In 2020, Sunshine City realized a net profit of 5.22 billion yuan attributable to its parent, a year-on-year increase of 29.85%; deducting non-net profit of 5.191 billion yuan, a year-on-year increase of 32.52%.

Under the downward trend of the industry, the gross profit margin of Sunshine City in 2020 was 18.88%, a year-on-year decrease of 6.66%. Previously, from 2017 to 2019, this indicator was 18.73%, 20.48%, and 21.55%.

During the same period, Sunshine City’s net profit margin was 6.68%, a year-on-year decrease of 0.4%. Prior to 2017~2019, this indicator was 11.8%, 13.3%, and 12.19%, respectively.

Regarding this, Zhu Rongbin, executive chairman and president of Sunshine City Group, said frankly that in recent years, due to price restrictions and adjustments, the profit rate of the industry has indeed been declining. “Because our profit rate was not high in the past, we are still in a stable situation. “.

In his view, the real estate industry has bid farewell to the era of high dividends. After adapting to the regulation, the profit rate will remain stable after a period of decline.

He said that behind the expansion of the profit scale, it is important to ensure the realization of the safety of profits. “The low profit rate is not terrible, but the terrible thing is to generate losses.”

Insurance capital invested 94.2 billion in net profit of “10-year gambling”, and proposed two “five-year plans”

In fact, with Shoukang’s shareholding, under the “10-year gambling agreement”, for Sunshine City, “delivering on performance and profit growth promises” has become a top priority.

In 2020, the real estate market staged two “marriage” dramas between insurance funds and real estate companies. In the end, China Merchants Shekou failed to introduce Ping An, and Sunshine City successfully partnered with Taikang. At that time, Sunshine City introduced Taikang’s 3.4 billion war investment and signed a 10-year net profit gambling agreement of 94.2 billion.

Specifically, Sunshine City promises a “10-year commitment”: the total net profit attributable to the parent in the first 5 years will be no less than 34 billion yuan, and the cumulative net profit attributable to the parent in the next 5 years will reach 60.164 billion yuan, and the total net profit attributable to the parent in the 10 years Reached 94.223 billion yuan; and if the performance does not meet the target, Sunshine City must provide corresponding cash compensation to Taikang.

“The strongest highlight in 2020 is the successful introduction of Taikang Life Insurance as a strategic shareholder.” Zhu Rongbin said at the performance meeting that Taikang’s shareholding ratio exceeded 13%. At the same time, two directors were stationed to participate in the management of the company and optimize governance with modern company management concepts. The structure improves the management standard; on April 5, Taikang and Sunshine City also formally signed a strategic cooperation agreement to cooperate in various business sectors such as capital, project investment and property listing.

“Sunshine City has made a ten-year performance commitment. This will be a severe test for our operation and management.” He said that in accordance with the development goals, Sunshine City has formulated the company’s development plan for the next 10 years, namely two “five years”. Annual plan”.

Sohu Finance understands that in the planning of the first “Five-Year Plan” (2020 to the end of 2024), Sunshine City seeks “continuous and steady growth in profit scale” and “three red lines” all meet the standards, and “green smart home becomes IP “Achievement of other goals.

In the planning of the second “five-year plan” (2025 to the end of 2029), Sunshine City stated that it will open up a new track in real estate-related fields, have the ability to obtain stable income and sustainable development, and build a future-oriented, self-made blood. , An iterative sustainable development organization.

Sunshine City is a member of Fujian-based real estate companies. From 2016 to 2019, Sunshine City’s sales were 48.7 billion yuan, 91.5 billion yuan, 162.9 billion yuan, and 211 billion yuan, representing a year-on-year increase of 57%, 88%, 78%, 30%.

In terms of sales performance, in 2020, Sunshine City will achieve a full-caliber sales of 21.811 billion yuan. Although the annual sales target has been reached, the growth rate is only 3.3%; for the 2021 annual sales target, Sunshine City seeks “stability” and only sets it as “2200+” “If calculated at 220 billion yuan, this year’s sales growth rate is only 0.9% year-on-year.

The annual report shows that in 2020, Sunshine City will pay a total land price of 70.7 billion yuan for the whole year, of which the equity land price is 40.2 billion yuan, and the total supplementary equity land reserve is about 7.2596 million square meters; the total value of newly confirmed rights is 180 billion yuan, first- and second-tier goods The value accounted for about 70%, and the greater Fujian, the Yangtze River Delta, and the Pearl River Delta accounted for about 63%.

As of the end of 2020, Sunshine City’s accumulated land reserves totaled 42.519,700 square meters, a year-on-year increase of 3.7%. Among them, first- and second-tier cities are expected to account for 75.96% of the future saleable value.

“At the beginning of 2019, Sunshine City set a sales target of 200 billion yuan+. This is the cause of the epidemic on the one hand, and Sunshine City’s prediction of future development.” In Zhu Rongbin’s view, for real estate companies, the scale , Profit and financial indicators are the “impossible triangle” and it is impossible to take care of them all.

He said that in 2021, Sunshine City will strictly abide by the “three revenues and three expenditures”: investment, sales and replenishment based on sales; and to promote the “trillion-yuan reform” strategy. “In order to achieve this goal, Sunshine City has already completed the project at the beginning of this year. The organization of the marketing area is sinking, bringing the marketing command closer to the front line.”

Talking about the “Three Red Lines”: “Keep in the Yellow File in 2021”

In just four years, the sales of Sunshine City went from 30 billion yuan to 200 billion yuan, and the financial indicators once deteriorated. From 2016 to 2019, the debt-to-asset ratio of Sunshine City was above 83%; the net debt ratio was 259.93%, 252.25%, 182.22%, and 138.2%, respectively.

With the cash generated by sales growth and the deleveraging and structural adjustment since 2017, Sunshine City has achieved the “three red lines” from the “orange level” to the “yellow level” six months in advance.

In 2020, Sunshine City’s total assets were 352.301 billion yuan, a year-on-year increase of 14.55%; the net assets attributable to shareholders of listed companies was 306.93%, a year-on-year increase of 14.76%.

In the same period, the scale of Sunshine City’s interest-bearing liabilities was 106.039 billion yuan, a year-on-year decrease of 5.59%. Among them, the scale of short-term interest-bearing debt was 32.524 billion yuan, down 3.06% year-on-year; non-bank financing accounted for 24.94% compared to the end of last year, and continued to drop to 20.34%.

As of the end of 2020, Sunshine City’s asset-liability ratio was 83.18%, a year-on-year decrease of 0.25 percentage points; the interest-bearing asset-liability ratio reached 30.10%, a year-on-year decrease of 6.41 percentage points; the net debt ratio was 94.90%, a year-on-year decrease of 43.04 percentage points.

At the end of the period, Sunshine City’s book currency funds were 49.805 billion yuan, which could fully cover short-term interest-bearing liabilities of 32.524 billion yuan, and the cash short-term debt ratio was 1.53 (after deducting restricted funds of 9.290 billion yuan and pre-sale supervision funds of 6.021 billion yuan, cash short-term debts) The ratio is 1.06).

However, as of the end of 2020, Sunshine City’s debt-to-asset ratio after excluding advance accounts was 79.1%, a year-on-year increase that still did not meet the regulatory requirements, a year-on-year increase of 1.5 percentage points.

The annual report shows that in 2020, Sunshine City’s advance receipts are 68.94 billion yuan, a year-on-year decrease of 13.94% from the 80.11 billion yuan in 2019.

In this regard, Zhu Rongbin said, “It is possible to stay in the yellow file for a long time in the future, and it is indeed a bit difficult to strive for the first five years to achieve full compliance with the “three red lines”.

New track expansion: spin off property listings and force Mengxiangjia

At the performance meeting, Sunshine City revealed that it will expand in new tracks in 201. On the same day, Sunshine City disclosed the plan to spin-off its subsidiary, Shanghai Sunshine Zhibo Life Service Group Co., Ltd. (hereinafter referred to as “Sunshine Zhibo”) to list overseas (Hong Kong Stock Exchange).

According to the announcement, Sunshine Zhibo was established in July 2020. As of the announcement date, Sunshine City and its wholly-owned subsidiary Fujian Sunshine Real Estate Development Co., Ltd. hold 72.39% of its shares (including the direct shareholding ratio of Sunshine City). 71.68%).

In 2020, Sunshine Zhibo will achieve operating income of 1.371 billion yuan, a total profit of 226 million yuan, and a net profit of 173 million yuan, of which the net profit attributable to the owners of the parent company is 173 million yuan.

As of the end of 2020, Sunshine Zhibo’s consolidated total assets are 1.437 billion yuan, total liabilities are 814 million yuan, and net assets are 624 million yuan. Among them, the owner’s equity attributable to the parent company is 624 million yuan.

“After the independent listing of Sunshine Zhibo, it will not have any material adverse impact on the continuous operation of the company’s other business segments, and will not affect the company’s independent listing status.” Sunshine City said in the announcement that Sunshine Zhibo will continue to be listed overseas. Maintain a controlling interest in Sunshine Zhibo; after Sunshine Zhibo is listed overseas, it will help to enhance Sunshine Zhibo’s own market competitiveness.

At the performance meeting, Wu Jianbin, executive vice president of Sunshine City, said that the progress of the listing is currently being comprehensively arranged and promoted. “If it goes well, it can be completed this year.”

The spin-off and listing of property companies is currently the path that many real estate companies will choose. Sunshine Zhibo’s more detailed financial data and operating conditions will not be announced until the prospectus is submitted.

Mengxiangjia is a brand new business incubated by Sunshine City, dedicated to providing one-stop full-cycle home improvement and home integration services for urban families.

Real estate companies’ home improvement business is not a new thing. Before Sunshine City, Vanke “Wanke” and Country Garden “Orange Home” have entered the home improvement industry; Evergrande, Greenland, Poly and many other leading real estate companies have also entered into the home improvement industry. Home furnishing companies have cooperation.

The operating entity of Mengxiangjia is Shanghai Mengxiangjia Enterprise Development Co., Ltd., which was established in July 2019; In July 2020, Sunshine World Commercial Management Co., Ltd. (a wholly-owned subsidiary of Sunshine City) withdrew from the investment company Shanghai Mengxiang Home, Sunshine City is currently a wholly-owned holding company.

On March 5 this year, the Mengxiangjia Division officially announced that “the real estate industry in 2021 will still face many uncertainties, which requires our advanced strategic vision and wisdom to deal with it.” At that time, Zhu Rong said. .

Sunshine City slows down: “Ten years of gambling” to ensure profit, annual sales target increase by 0.9%; “three red lines” still step on one

editor — Mon, 19 Apr 2021 23:08:10 +0000