With the colorful lights on, the night in Dali was instantly lit by “Illusion 2099”. Fantastic art space, Chimei man-machine story, peculiar interactive entertainment, fun and trendy experience, a unique party constructed by drama, music, video, art, and games, leading the audience to escape the hustle and bustle of the city and enter a scene The fantastic dream of the future has also added a new label to the tourist capital of Dali.

Director Yang Le leads the post-90s team to share behind the scenes

“Illusion 2099” Creates Dali Tide Fun Resort with “Party”

At the opening ceremony, Yang Le, the chief director of “Illusion 2099”, together with “Transformation Theater” architect Zhang Jiyuan, artist Qiu Yu, and executive director Gao Jieyu shared many behind-the-scenes stories with the guests. “This creation is different from any previous creations. Today is not the end of the show of “Illusion 2099″, but a starting point for the creation of Illusion.” Chief director Yang Le, as a senior producer, creates professional content. Ability, innovative business thinking, and unique operating concepts have deeply explored the cultural and tourism market, and successfully created and operated a new generation of cultural and tourism product drama secrets “Today and Today”, “Golden Face Dynasty”, and CCTV “National Treasure” to create immersion A number of large-scale projects such as the “National Treasure” Digital Fantasy Experience Hall. At this time, facing this domestic first party-style drama, I was also full of expectations. He was even more emotional. Through “Illusion 2099”, he deeply felt that “young people are taking over our world.” Because both the three outstanding young artists on stage and the more core directors of the director group are “post-90s”. Therefore, “Illusion 2099” is destined to be a drama facing the future.

“Illusory 2099” was completed in four years, and the four-year fantasy scene became a reality, and the creators were all very excited. When sharing creative ideas, the architect Zhang Jiyuan was deeply moved. For her, the “Variational Theater” is like her child, watching it gradually transform from a dilapidated ruin into a tide that is endowed by technology and art. A place of play, with many thoughts, “This is my first attempt at cross-border creation of architecture and technology, as well as drama. In the process of creation, architecture, drama, and technology have been constantly demonstrating each other. I hope that through this project, I can understand one another. The desire and imagination of the city, to understand the subconsciousness of the city under the ordinary life texture of Dali. The city is the theater, and the theater is the city.” Artist Qiu Yu learned from the famous artist Fei Jun, a professor at the Central Academy of Fine Arts. Under the guidance of the teacher, they collectively contributed to ” “Illusory 2099” has designed dozens of visual stage scenes full of sci-fi colors. He said, “Illusory 2099 is not only a drama, but also an experience field of art and technology, but also an artist’s thinking on technology and life.” Executive director Gao Jieyu revealed that the inspiration for “Illusion 2099” came from a discussion on “New Humanities in Dali” in “New Weekly”, “What do young people want to play when they come to Dali? Finally, we think Dali needs a grand event. Party.” She found the answer and constructed a party-style drama “Illusion 2099” based on this. Finally, the actors and actresses of “Illusion 2099” also appeared on the stage-the controller of the intelligent world, the handsome and dull boy, the drunken bartender, the conspiring businessman, the glamorous party queen, came from the party with ethereal music, thus Lifted the mystery of “Illusion 2099”. A collection of art and technology pioneers Deep dialogue between the future and the present The performance space “Transformation Theater” of “Illusion 2099” was transformed from an old transformer factory in the ancient city of Dali. Its biggest feature is the integration of the new and the old world, which connects the past, present and future of the entire space. Visually, the square closed frame structure of the old factory building is cut by light, showing the cross-section of the building, while the fragmented industrial space runs through indoors and outdoors, forming four impactful themed spaces on a 3,500 square meter site. : The mood bar, the garden of desire, the secret proving ground and the heart sound field. The art installation led by ten young artists led by Fei Jun, the artistic director of “Illusion 2099”, a well-known artist, and a professor at the Central Academy of Fine Arts, has become another highlight of the show. Theater art installations are matched with the plot, combined with technologies such as artificial intelligence, emotional computing, program-controlled robotic arms, data visualization, etc. The theater “creates” many works of art that can provide insight into the future, such as talk boxes, emotional hospitals, research and development spaces, and naive canteens. Through the spatial re-creation of “avant-garde art”, “Illusion 2099” also rejuvenated the old buildings in the old city, and wrote a new annotation for the ancient tourist city of Dali, making it a tourism development. There are more colorful possibilities on the extension. “Illusion 2099” tells the story of the mysterious man Turing, as an outstanding scientist in the field of intelligence, upgrades the intelligent man he developed through a grand party held every night. It is not only visual art and technological innovation, but also the implied meaning of the times. It presents a core that combines the present and the future, providing more introspection and thinking to the “inbound” audience. “Under the relaxed and pleasant rhythm, “Illusion 2099” presents a contemporary landscape of struggle, trap, and loss driven by desire in the grip of technology. It poses questions to the audience and tries to lead the audience to the truth of the problem layer by layer. He reached reconciliation with himself and life in freedom and happiness.” When talking about the core of the drama of “Illusion 2099”, the chief director Yang Le explained his original intention of creating this drama. The avant-garde party-style performances and the visual presentation of the sci-fi futuristic texture make “Illusion 2099” in the name of science and technology, to bring visitors an extraordinary and cutting-edge cultural experience. And urbanites who lose themselves in the hustle and bustle of modern life have a strong spiritual desire to find the interpretation of the relationship between “people and nature, people and life, and people” in Dali, the world-famous “refuge from the world”. “Illusory 2099″‘s idiosyncratic thinking about the future and the present allows the audience to “return to their original heart” and realize “the pressure of life”, which allows them to complete a spiritual sublimation. In the future, “Illusion 2099” will dig deeper and embody Dali’s profound cultural connotation and diverse spiritual space, attracting more interesting young people to come here to participate and express their thoughts on the progress of the times, thereby creating a trendy playground for youth gathering , Making it a new species of cultural travel industry and Dali’s new business card facing the world. (The picture comes from the event organizer) Responsible editor : Yang Xiaojun

Growing industry Billion dollar business with environmental protection

Status: 23.06.2021 10:45 a.m.

Environmental protection is increasingly becoming an economic factor, especially in manufacturing. According to the Federal Statistical Office, sales are increasing and hundreds of thousands of jobs have been created in Germany. Environmental and climate protection are increasingly proving to be a lucrative business for industry and service providers. As the Federal Statistical Office announced, the industry achieved sales of 73.6 billion euros in 2019, 3.1 percent more than in the previous year.

Three quarters of this was achieved in the manufacturing sector, first and foremost in mechanical engineering (22.1 billion euros), followed by electrical equipment (6.5 billion euros) and the manufacture of cars, trucks and buses – and parts for them (5.8 billion euros) Euro).

The construction and maintenance of apparatus for air pollution control has grown particularly strongly. Here sales climbed by more than a third to 10.5 billion euros. These were mainly products for exhaust gas and exhaust air treatment, such as catalytic converters. In the area of ​​electromobility (limited to cars, trucks and buses), sales of 2.5 billion euros were reported in 2019, 24 percent more than a year earlier.

Over 300,000 employees

Energy-saving drive and control technology, the construction of onshore wind turbines, the thermal insulation of buildings, and the renovation and construction of sewer systems also ensured business worth billions.

The growing importance of environmental protection for the German economy is also leading to the creation of new jobs, so-called “green jobs”. The number of employees who contributed goods or services to the industry was 305,000 in 2019. Compared to the previous year, the number rose by almost 16,000. More than two thirds of the employees in the sector were employed in manufacturing companies

75 years of Vespa Piaggios fully electric future

Status: 23.06.2021 8:15 a.m.

The Vespa, Piaggio’s most popular product, has been around for 75 years. Thanks to Corona, business is booming. Nevertheless, the Italian two-wheeler manufacturer wants to reposition itself strategically.

By Jörg Seisselberg, ARD-Studio Rome, currently in Milan

There is a good mood in Via Broletto. At the Milanese headquarters of Piaggio, not far from the famous cathedral, Maurizio Carletti is sitting in his office on the third floor and is bubbling over with optimism. “I hope this year will be the best,” says the Piaggio Vice President, “we are about to achieve results in 2021 that are really extremely remarkable.”

The figures for the first three months of the year: Piaggio sold over a fifth – 22 percent – more vehicles than in the same period of 2019 before the Covid crisis. Net sales are the highest in 14 years. These are golden times for the company.

Two-wheelers sought-after alternatives in times of crisis

One reason is that scooters and motorcycles are in demand in the corona pandemic – as an alternative to bus and train travel. Among other things, those responsible at Europe’s largest two-wheeler manufacturer had counted on it. At the plant in Pontedera, Tuscany, they kept working almost at full speed during the pandemic, apart from the weeks of complete lockdown in spring 2020. Now the Piaggio dealers have the vehicles that are in demand. In addition, analyst Monica Bosio says that Piaggio is benefiting from its platform strategy, which was introduced years ago, of lowering costs. The result: Piaggio is currently in the “best economic situation” since going public in 2006. “I would say,” says Bosio, “that the company is in excellent health”.

There is still room for improvement in e-mobility

From the height of its current success, the traditional Italian company is working on perhaps the most important future task: not to miss the connection to e-mobility. In the market for electric scooters and motorcycles, Piaggio has to make up ground, with market shares only in the lower single-digit percentage range. “Maybe there was a bit of a delay. But Piaggio is in the process of catching up,” said analyst Bosio.

One reason for the “delay” is that Piaggio has always positioned its vehicles in the upper part of the market in terms of price. So far, this also applies to the new world of e-scooters. Piaggio launched an electric-powered version of the iconic Vespa – and only sold a few copies. The E-Vespa is almost twice as expensive as some competing products. Next month, Piaggio will make the next attempt and want to start selling its new electric model in Europe. It’s called Piaggio One, was presented at the Beijing Auto Show and targets the entry-level electric market, which is dominated by models with a purchase price of up to 3000 euros. “One allows us to go into a price segment that we cannot reach with the Vespa at the moment,” says Vice President Carletti, confidently adding: “Now we will be represented in this segment, but with Piaggio quality.” The brand’s reputation, European production quality, the close international network of dealerships and workshops as well as a now competitive price should give Piaggio a new boost in e-mobility.

Conquer the sharing market with a cheaper model?

So far, the gasoline giant Piaggio is still lagging behind in the electric world. Also because sharing services and rental companies struggle with Piaggio’s expensive e-Vespa. This could change now, believes analyst Bosio: “With the Piaggio One you are trying to close the gap”. Sharing services have so far made up a large part of the e-scooter market in Europe. Piaggio is not competitive here in terms of price. “With Piaggio One, however, it cannot be ruled out,” says the analyst, “that there will be a presence again in this market.”

When asked, Piaggio Vice President Carletti, who is responsible for Europe among other things, does not rule out that Piaggio will also be active in the sharing sector with its new model. Getting active again – because six years ago the Italians tried their hand at the scooter sharing business. A model project with Piaggio MP3 scooters in Rome and Milan was quickly discontinued for cost reasons, shortly before the global sharing trend took off.

Standard replacement battery as the key to success

At Piaggio, the question of batteries is crucial for the future of e-scooters. Those in charge of the Italian company dream of e-scooter filling stations where drivers don’t have to spend a lot of time charging their batteries, but can quickly exchange an almost empty battery for a full one. The Piaggio managers do not consider it realistic for customers to charge their scooters for half an hour at a charging station. Vice-boss Carletti admits that he himself becomes restless if he has to wait a few minutes for his predecessor to finish at the gas station.

Therefore, the principle in the future of e-electric should be: pull the batteries out of your scooter, put them in a compartment at an e-charging point and pull out another, charged battery. Uniform battery connections in the industry would be a prerequisite. That is why Piaggio has teamed up with competitors KTM, Honda and Yamaha in a consortium for the vision of the battery swap. The goal: to develop standardized batteries for all future e-scooters and e-motorcycles

The Shenzhen Stock Exchange requires Kelan Software to verify the reasons for the large increase in its stock price in the short term. In addition, the Shenzhen Stock Exchange requires Kelan Software to explain the digital currency business and the specific content and methods of cooperation with Huawei, as well as the revenue directly generated by related products or projects in 2020. And the amount and proportion of net profit.

On the day the attention letter was released, the concept of Huawei Hongmeng continued to rise sharply, Kelan Software soared 20%, and its share price hit a record high. The stock has reached its daily limit 5 times in the past year. As of press time, Kelan Software has risen to 49.4 yuan, nearly 8.23 ​​yuan higher than the opening price of the day, with a turnover of 901,900 lots, a turnover of 4.257 billion yuan, a turnover rate of 37.56%, a price-earnings ratio of 200.64, and a total market value of 15.363 billion yuan.

According to the official website of Kelan Software, it was officially established in December 1999 and registered in the Beijing Economic and Technological Development Zone. It is a company formed by Wall Street financial practitioners and Silicon Valley technicians returning to China, specializing in financial software product application development and consulting services. enterprise. The company has more than 5,000 employees and has branches, R&D centers or joint ventures in Beijing, Shanghai, Zhejiang, Chengdu, Shenzhen, Hong Kong and other places.

Since the second half of 1999, Kelan has implemented the first online banking system. According to the official website, its customers cover banks such as Bank of China, Agricultural Bank, Construction Bank, Postal Savings Bank, Export-Import Bank and so on. Kelan has cases in various applications such as online banking (corporate, personal), mobile (mobile phone, PAD) banking, electronic payment, third-party payment, foreign exchange precious metal trading platform, bank-enterprise communication, financial portal content management, etc.; in banks The market share of electronic channel construction exceeds 60%.

According to the official website, on June 3, Huawei held the Smart Finance Summit, and Kelan Software was invited to attend as a core partner of Huawei’s ISV. At the meeting, Kelan Software and Huawei released compatible tools and solutions for Hongmeng Mobile Finance. At present, Kelan Software has become the only supplier in the industry capable of providing full-stack credit creation solutions for Internet finance.

In terms of digital currency, on June 11, Kelan Software issued an announcement of abnormal stock trading fluctuations, stating that in recent years, Kelan Software has implemented actual digital currency projects. However, the digital currency-related business is the company’s innovative business, and the revenue from the digital currency-related business of Kelan Software accounts for a relatively small proportion of the company’s operating income.

In the 2020 annual report of Kelan Software, Kelan Software stated that its “distribution side” in the central bank’s digital currency industry chain can provide banks with a full range of Internet financial products; on the “user side” it has a “wallet” that supports digital currency and Rich cases of its application scenario construction; On the “server” based on digital authentication, Kelan Software holds a license through its holding subsidiary Continental Cloud Shield and provides mobile digital authentication services.

Kelan Software is currently actively cooperating with operating banks, clearing transfer service institutions and other entities, and is gradually implementing the development and construction of related operating systems for bank customers including digital renminbi, digital bank cards, etc., and assisting bank customers to achieve digital financial service upgrades. During the reporting period, Kelan Software and Suzhou Xiangcheng District Finance Bureau actively explored more feasible application pilot programs. The digital renminbi application scenario that Kelan Software cooperated with a major state-owned bank was launched in the second half of 2020 and will be delivered in the second quarter of this year as planned.

As for the proportion of digital currency-related business revenue in the specific revenue of Kelan Software, it is not separately listed in the annual report.

According to the first quarter report of Kelan Software, the total revenue of Kelan Software in Q1 was 210 million yuan, a year-on-year increase of 35.68%; net profit was 5.691 million yuan, a year-on-year increase of 155%; total assets were 2.294 billion yuan, a year-on-year increase of 55.72%; total liabilities It was 1.152 billion yuan, a year-on-year increase of 59.41%; investment cash flow was -178 million yuan, a year-on-year decrease of 388.33%; financing cash flow was 10.3555 million yuan, a year-on-year decrease of 66.46%

Edit丨Ziyue

Time draws back to 2004. When Professor Xu Kaihua, the founder of GEM (Shenzhen GEM High-Tech Co., Ltd.), returned to Jingmen, not far from his hometown in Hubei, to start his own business with the first prize of Guangdong Science and Technology Progress Award, people would never dream. I thought that Xu Kaihua used a small waste battery to recycle, which opened the prelude to the battery recycling industry and also started the black-and-white battle between the “regular army” and the “guerrilla”.

“Car owners cannot find or are not sure whether the recycling point is formal or not. Some power batteries recycled from traditional 4S shops and other channels also flow into small workshops.” Yu Puritan, secretary general of the Zhongguancun New Battery Technology Innovation Alliance and chairman of the Battery Hundreds Association In an interview with Chuangyebang, he revealed the inside story of the industry.

The business of “small workshops” is booming, while the supply of retired batteries in 4S stores of regular car companies is constantly losing. This makes people wonder whether battery recycling and cascading use of electric vehicles is a good business?

In the face of a large amount of goods flowing into the black market, formal enterprises are forced to trade with “small workshops”. As the leader of domestic new energy vehicle battery recycling, GEM Chairman Xu Kaihua warned new players in the battery recycling industry:

“Don’t come in, it’s a waste of money. Only the top five in the industry can survive.”

However, investors don’t think so. Just last month, Bocui Cycle, a power battery recycling solution provider, has just completed tens of millions of Pre-A rounds of financing, and Lanchi Ventures has made an exclusive investment.

“ At present, the investment circle is paying too much attention to the battery recycling track. In fact, the capacity of the industry that has been approved for construction has exceeded the battery capacity. “The person in charge of a battery recycling company said.

Why everyone refuses to talk about battery recycling

Industry giants have invested huge sums of money, investors and entrepreneurs are gearing up, coupled with national policy support, it seems that it is only a matter of time before the battery recycling industry becomes the next outlet.

According to data from the China Automotive Technology Research Center, the total number of domestic power batteries retired in 2020 will exceed 200,000 tons (about 25GWh). Where did the 200,000 tons of retired batteries go?

However, when the reporter visited a number of car companies, power battery companies, and battery recycling companies, they found that most companies avoid battery recycling, and new outlets in the 100-billion-level market have even become “taboos.” As a leading company in the field of new energy vehicles in China, BYD has launched the layout of power lithium battery recycling very early. At present, BYD’s battery recycling channels mainly entrust authorized dealers to recycle used power batteries. When there is a customer’s request or when a scrapped vehicle needs to replace the power battery, the dealer will take out the power battery and transport it to BYD Baorong factory for preliminary inspection. If the used batteries can be reused and continue to be used, the used batteries will be further tested at the Baorong factory. These batteries will continue to be used in the field of home energy storage or base station backup power in the future. The reporter wrote to BYD, but the other party was unwilling to reply. Yu Qingjiao stated that in terms of battery recycling ecology, at present, car companies, battery recycling companies and battery manufacturers have not yet formed a unified pricing for battery recycling, and the recycling business model is not perfect. Car companies “peek-a-boo”, power battery manufacturers and battery recycling companies have also played “Tai Chi.” “We have communicated with the relevant departments of battery recycling and will not accept interviews this time.” The relevant person in charge of AVIC lithium battery told reporters. Qingyan, who has had technological innovations in the echelon utilization of power batteries, also said that the relevant person in charge also said that it can only provide an introduction to its battery echelon utilization technology. As for the business model and pricing model of battery recycling, it is inconvenient to answer. “Enterprises have avoided talking about the recycling and utilization of decommissioned power batteries, and they are less motivated. The main reason is that the technical route of battery cascade utilization is not clear.” said Lin Boqiang, dean of the China Energy Policy Research Institute of Xiamen University. The energy storage path, what direction it will take in the future, and whether it is economical, requires both government supervision and government policy support. According to the calculations of Battery China.com, it is estimated that by 2025, the recycling value of power batteries produced in the two directions of cascade utilization and recycling will exceed 50 billion yuan; its potential market value may exceed 100 billion yuan in 2030. The industry is waiting for the “wind.” However, the recycling channels of many formal and qualified enterprises are not smooth, and a large number of retired power batteries flow into the black market. Some formal battery recycling companies even have to cooperate with black market vendors to purchase batteries from the latter to maintain the operation of the factory’s machinery and business promotion. This has undoubtedly contributed to the prosperity of the black recycling market. While pushing up the purchase price, it has also increased the difficulty of making profits for formal recycling companies. “One is because the number of companies is small and the coverage of outlets is limited; the other is that small workshops often use the banner of’high-price recycling, on-site recycling’ to obtain more waste battery resources.” Yu Qingjiao said. Due to technical problems in small workshops, the recovery rate of effective ingredients is not high, and there is a serious problem of waste pollution. The market is still in a period of disorganization, and it is difficult to guarantee the profitability of recovery. “Small workshops” generally have several treatment methods after recycling the batteries. Among them, the most common is to disassemble the battery and extract precious metals such as cobalt and lithium for sale. The price of non-renewable cobalt metal reached more than 600,000 yuan per ton when the price of non-renewable cobalt metal was the highest. In addition, the “Small Workshop” will sell the batteries to low-speed electric vehicles, electric bicycles and other echelon utilization areas not advocated by countries after recycling, causing great hidden dangers to the driving safety of the latter. “Batteries are taken from the black market. The source of waste battery materials is very poorly consistent. There are batteries of all types and types. This poses a big challenge to engineering design and project operation. Some foreign countries’ compliance with waste The collection is well classified, which will reduce the difficulty and cost of later collection, storage, and transportation.” Lin Xiao, founder and CEO of Bocui Cycle, told Chuangyebang. Yu Qingjiao pointed out that the current policies and regulations are still in the exploratory period. Although they have released a clear signal to support battery recycling, there is no real system formed, especially the circulation legal system. Second, traceability management and other regulatory mechanisms need to be strengthened to guide the upstream and downstream of the industry chain to strengthen battery recycling collaboration. “The first is the unblocking of recycling channels. Car companies in my country assume the main responsibility for power battery recycling. Recycling companies need to strengthen close cooperation with car companies, and strengthen battery life cycle traceability with battery companies to reduce recycling costs; secondly, through technology Innovate, increase material recycling rate, and increase recycling revenue.” Yu Qingjiao believes that the battery recycling industry is still in the early stages of development, and scale is also a key factor affecting profitability. The state should guide, regulate, supervise and provide financial support. Is battery recycling a good business? Although the recycling channels of decommissioned batteries need to be improved, and the material recycling rate and recycling efficiency of batteries need to be improved, some companies have already begun to deploy battery recycling business and have gradually become the industry’s leading company. Bangpu Cycle is one of them. “The constant has something.” Directly in front of the desk of Li Changdong, the founder and general manager of Bangpu Cycle, hung these four Chinese characters written in seal script. In Li Changdong’s eyes, Bangpu recognized the battery recycling, and it lasted 16 years, which is the best explanation of these four characters. In 2001, Li Changdong served as the production plant manager at Highpower Battery Factory. At that time, most people only focused on the front-end production of the battery and the intermediate consumption link, and the recycling link was often regarded as “garbage picking” and “recycling tatters.” Li Changdong found that the profit of battery production is getting lower and lower, and the scraps and defective products generated in the battery production process are also difficult to deal with. Handing over to the Environmental Protection Agency for processing will require a huge processing fee, and failure to pay will result in substandard emissions. “Can these battery waste be recycled for subsequent recycling?” This idea often appeared in Li Changdong’s mind. So he quit his job in the battery factory and raised 500,000 yuan with his partners. In 2005, Bangpu Recycling was formally established, with Li Changdong as the general manager, focusing on the recycling business of consumer lithium batteries. In 2008, the promulgation of the “Circular Economy Law” provided policy support for the development of talents and technology for battery recycling companies such as Bangpu. More and more scientific research institutions and talents are paying attention to battery recycling. In 2011, Li Changdong decided to further expand the scope of battery recycling business. He began to focus on power batteries from consumer lithium batteries to extend the battery recycling industry chain. Source: Bangpu Cycle At present, Bangpu has formed four major industrial sectors: battery recycling, automobile recycling, minerals and new materials, specializing in the recycling and processing of power batteries (power batteries for electric vehicles), gradient energy storage utilization; traditional scrap car recycling and dismantling, and key components Remanufacturing; and the provision of industrial production and commercialized recycling service solutions for high-end battery materials and automotive functional bottleneck materials. In 2015, in order to develop a circular economy and form an ecological closed loop, CATL acquired Guangdong Bangpu Cycle, realizing a circular industrial chain integrating R&D, production, sales, and recycling. Bangpu Cycle has now become China’s largest recycling base for used batteries. In September 2018, the Ministry of Industry and Information Technology announced the first batch of “whitelists” of enterprises that comply with the “Industry Standards and Conditions for Comprehensive Utilization of Waste Power Batteries for New Energy Vehicles”. Five companies including Bangpu Cycle, GEM, Huayou Cobalt, Highpower Technology, and Guanghua Technology were selected. However, from 2017 to 2018, the battery recycling market is still in its infancy. The relevant person in charge of Ningde Times told Entrepreneurship that the number of retired power batteries from 2017 to 2018 was relatively small, and the types and regional distribution were concentrated. About 17,000 new energy vehicles produced during the “Ten Cities and Thousand Vehicles” period are the mainstay. The decommissioned power batteries are about 27,200 tons (1.22GWh), of which about 95% are lithium iron phosphate batteries. From 2019 to 2020, buses, rental and other operating vehicles that entered the market in the early stages have reached the mandatory scrapping period. Early private user vehicles have begun to choose complete vehicle scrapping due to factors such as the decline in power battery performance, the lack of spare parts for old batteries, or the high replacement cost. Retired. Starting in 2020, my country’s power batteries have begun to enter a wave of large-scale decommissioning. During the period 2021-2025, my country’s new energy vehicles will enter a stage of rapid growth. New energy vehicles that entered the market in 2014-2018 will enter a period of obsolescence. With the continuous expansion of the scale of decommissioned power batteries, some people believe that the use of cascades should be increased to maximize the effectiveness of decommissioned batteries. Some people also believe that as battery prices continue to drop, the cost advantage of cascading utilization will gradually disappear or even hang upside down, and it should be directly recycled. The 2020 battery survey report released by Bloomberg New Energy Finance shows that by 2030, battery prices may exceed 58 US dollars (about 370 yuan) / kWh, and the use of solid-state batteries will accelerate the process of battery price reductions. By then, the battery cost will even be lower than the cost of cascading utilization. “It needs to be divided into different situations, mainly with technical support, able to accurately detect the condition of retired batteries, select batteries with better battery performance (safety, cycle life, energy density, etc.), and use them in cascades, which is more economical; Those with poor performance are directly recycled to avoid hidden dangers such as safety.” Yu Qingjiao said. Three problems of power battery recycling At present, the power battery recycling model has two major trends, one is echelon utilization, and the other is recycling, dismantling and recycling. Echelon utilization is the dismantling and reorganization of used batteries and re-applying them to energy storage power stations, low-speed electric vehicles, small electrical appliances and other fields that do not require high energy density. It is mainly suitable for lithium iron phosphate batteries with longer life and more stable performance; Recycling is the extraction of valuable metal materials from waste batteries, which is suitable for ternary lithium batteries containing expensive metals such as cobalt and nickel. The recycling of lithium iron phosphate batteries faces the problem of poor economy. Echelon utilization is still in the stage of trial and exploration. The main reason is that the battery specifications and models produced by various manufacturers are different, which makes it difficult to recombine. The battery materials used by each manufacturer are different, and the battery life is different; the battery performance of each manufacturer is different, and the combination Later security is more difficult to guarantee. The relevant person in charge of the Ningde Times pointed out that the economic value of cascade utilization at the current stage is still low, and further technical and industry standards are still needed. The recycling and dismantling can be said to have formed a certain scale, whether it is from the national policy or the market scale, we can get a glimpse of its trend. Although both are positive trends, the problems they face are also extremely challenging. The current battery recycling industry is facing three problems in process technology, policy and profitability. The first is process technology. Whether it is echelon utilization or dismantling and regeneration, they are facing severe barriers. The current biggest obstacle to echelon utilization is the remaining battery life and performance evaluation. In general, the recycling technology is relatively mature, but key technologies and equipment such as the efficient extraction of valuable metals need to be upgraded, and the level of pollution prevention and control in the dismantling and treatment of waste power batteries needs to be improved. At present, hydrometallurgy and physical repair methods are the main technologies for the recycling of used power batteries. The comprehensive recovery rate of metal elements such as nickel, cobalt and manganese in hydrometallurgy can reach 98%. The second is the policy aspect. At present, relevant departments have successively issued systems and regulatory documents that guide and support the development of the industry, and have sorted out a clearer direction for battery recycling. However, how to further effectively manage, rationally build a power battery recycling system, effectively implement full life cycle traceability management, and guide the upstream and downstream entities of the industry chain to fulfill the responsibility of power battery recycling requires the government to consider the market and industry. Planning and overall planning. In 2018, the Ministry of Industry and Information Technology issued the “Interim Measures for the Management of Recycling and Utilization of Power Batteries for New Energy Vehicles”, which for the first time clarified the responsibilities of automobile companies, battery companies, and comprehensive utilization companies in the recycling process, and pointed out that automobile manufacturers bear the main responsibility for power battery recycling. Perform corresponding responsibilities in all links of power battery recycling to ensure the effective use and environmental protection of power batteries. Finally, it is difficult to make profit. At present, the batteries that have really entered the scrap stage are still the earliest batch of batteries when new energy vehicles first entered the market. The number is not that large. Among them, lithium iron phosphate batteries account for a larger portion, which is more suitable for cascading use. In terms of economic benefits, recycling and dismantling The benefit is not high. In contrast, ternary lithium batteries have greater recycling value. But the reality is that it will take time for the ternary battery decommissioning flashpoint to arrive. Currently, the retired power batteries on the market are mainly lithium iron phosphate batteries. Because they contain less precious metal elements, the recycling value of lithium iron phosphate batteries is not high. However, due to its good safety and long service life, it is suitable for cascading utilization. The ternary lithium battery contains rare metals such as nickel and cobalt, so it has a high recycling value. According to the current technical level of ternary lithium batteries, the capacity density of power batteries commonly used in electric vehicles is 260Wh/kg. According to this energy density, at 20,000 kilometers a year, calculated based on shallow charge and shallow discharge, the cycle life is at least 1,000 times . If used properly, it can be used for at least 5 to 8 years on an electric vehicle. In the battery recycling industry, several leading companies have formed a certain scale of regeneration processing capacity, and their technical routes are in a stage where a hundred flowers bloom. Relying on its subsidiary Bangpu Cycle, CATL has created an ecological closed loop of “battery production→use→cascade utilization→recycling and resource regeneration”. Bangpu Cycle will uniformly process the recycled power batteries for electric vehicles. First, the battery modules are completely discharged, the battery cells are separated, and then sorted. After testing and evaluation, disassemble the batteries that do not meet the echelon utilization. Disassemble and separate components such as the positive electrode, negative electrode, electrolyte and diaphragm, and then leaching and removing the electrode material, and then prepare the scrapped power battery into the precursor of the power battery positive electrode material through processes such as ion exchange, precipitation, and adsorption. . Bangpu’s existing capacity for processing waste batteries exceeds 120,000 tons per year, and the total recovery rate of core metal materials for battery products has reached 99.3%. Due to the continuous decrease in the cost of lithium batteries in recent years, the annual report shows that CATL’s revenue of lithium battery materials in 2020 is 3.429 billion yuan, a year-on-year decrease of 20.35%. Source: Grammy As one of the leading companies in the domestic battery recycling industry, GEM’s power battery recycling business only began to make a profit in 2019, three years after the initial production. GEM’s advantage lies in the start of the recycling and utilization of waste batteries. It has accumulated 20 years of experience. In addition, it also has industrial layouts such as home appliance recycling and end-of-life automobiles to play a synergistic role to drive the recycling of power batteries. At present, the flourishing business model and technical route of battery recycling make the future market prospects still confusing, and it is still unknown whether it can effectively solve the pain points of the industry. From the perspective of business models, the current battery recycling is more dependent on other businesses, the tiered utilization is mainly dependent on energy storage, two-wheeler PACK plants or battery factories, and the recycling is dependent on the hydrometallurgical plant. If a company survives only on ladders or regenerative businesses, it may lose money. “How to do the most effective echelon utilization, as the scale of retired power batteries in the market becomes larger and larger, the technical route will gradually become clear.” Lin Boqiang told Chuangyebang. Where are the opportunities for entrepreneurs? Behind the black-and-white war between the “regular army” and the “guerrilla”, a group of start-up technology companies in the battery recycling industry are quietly emerging. In 2019, Lin Xiao, Ph.D. and senior engineer of the Chinese Academy of Sciences, established Bocui Cycle to provide a full set of solutions for battery recycling. According to Lin Xiao, due to the domestic garbage embargo, the issuance of the European mandatory battery law, and the accelerated deployment of battery recycling, ESG and other industries abroad, it is hoped that new links in the power battery industry chain will achieve a strong East Asian power battery manufacturer. breakthrough. The company’s overseas customer demand exceeds expectations, accounting for more than half. The obsolescence cycle of domestic power batteries is also very urgent. As of 2020, domestic new energy vehicles have sold more than 1 million units for three consecutive years, and 900,000 units have been sold in the first May of 2021. “Three years ago, the first batch of electric vehicles with an annual sales of one million units was calculated based on the service life of 5-8 years, that is, 1 million vehicles would be scrapped in two years at the earliest, and the battery pack of each vehicle was calculated at 400~500 kg. Therefore, in the next three years on the market, more than 500,000 tons of waste batteries will be scrapped every year. This amount is actually quite large, and the recycling market needs to be prepared.” Lin Xiao said. In the battery recycling market, everyone hopes to have mature technology and equipment solutions that can be quickly replicated and promoted. If a national processing capacity of 500,000 tons needs to be built in three years, at least 100,000 tons will have been running well in two years. Production capacity, and there are 2-3 kinds of technical routes to choose from, it is possible to achieve five-fold expansion within a year. In other words, one year later, there will be at least 20,000-30,000 tons of mature technology and production lines that can be replicated for battery recycling. In addition, the ratio of “paper-based recycling capacity” and actual battery output is seriously out of balance, which is also a big “blocker” in front of start-ups. In Lin Xiao’s view, the battery has entered the obsolescence cycle for more than five years, leading to a large paper production bubble in the battery recycling industry. “For investors, many of the leading companies that are currently being recycled, such as whitelisted companies, have already been listed or do not need financing. At the same time, paper production capacity is too high and supply exceeds demand. The opportunity for entrepreneurs is that there are still No company can really do this well, and there are still opportunities to try innovation and breakthroughs, although many companies may be eliminated, just like the development of the lithium battery manufacturing industry chain in the past few years, from the hills to the top.” Lin Xiao pointed out. The business opportunities that will be generated in the field of battery recycling need to be paid attention to also include the realization of material regeneration through battery recycling, thereby realizing the closed loop of the industrial chain, and changing the existing industrial structure and profit distribution. The technical direction of recycling will gradually move closer to battery materials, because in essence, battery recycling is a collection of resource collection and material recycling. There will also be many new variables in the collection channels of battery materials and the direction of the material recycling industry. For example, after the battery exchange mode, the requirements for recycling channels will become weaker, but it will give rise to another industry demand, such as battery exchange equipment and batteries. Asset management, etc., and whether it is possible to directly recycle used batteries at the grid swap point. There will also be many new variables in the collection channels of battery materials and the direction of the material recycling industry. For example, after the battery exchange mode, the requirements for recycling channels will become weaker, but it will give rise to another industry demand, such as battery exchange equipment and batteries. Asset management, etc., and whether it is possible to directly recycle used batteries at the grid swap point. “We think that battery recycling will definitely have great technical and market demand. It is just the beginning. This is a big track where few Chinese companies can lead the way from the beginning. It is different from the chip, lithium battery manufacturing and other industries starting from the beginning. , We can take a different development path. Once we can continue to lead the recycling technology and industry at home and abroad, and close the new energy industry chain, we can open up basic industries such as energy, resources, materials, and transportation.” Lin Xiao said. Under the wave of global electrification, the prospect of battery cascade utilization and recycling is beyond doubt. “It’s only a matter of time before the market scale exceeds tens of billions, hundreds of billions, or even trillions of dollars. As the industry chain matures, some high-quality companies will definitely be nurtured.” According to Puritanism, despite the bright future market prospects, battery recycling still lacks uniform pricing, the recycling business model is not perfect, and “small workshops” are rampant, battery recycling is still a game among leading companies. “Without recycling sources, this business is not your turn.” “At present, for entrepreneurs, the business model of battery recycling is very important. After all, it needs to be profitable. However, it is not ruled out that some companies can make the capital market pay, but at least there must be some visible business models before the capital market is willing to pay. “Lin Boqiang said to Chuangyebang. For entrepreneurs, everything is still full of variables

Competition authority Antitrust Office targets Apple

As of: June 21, 2021 2:46 p.m.

The Federal Cartel Office is now also investigating Apple. Above all, the US group’s business conduct in the App Store wants to investigate. Similar proceedings are in progress against other large tech companies. The Federal Cartel Office initiates investigations against the technology group Apple. The authority wants to find out whether the US group with parts of its business a “cross-market importance” has in competition. Cartel Office President Andreas Mundt said: “We will now examine whether Apple has built a digital ecosystem across several markets around the iPhone with the proprietary iOS operating system.” After all, the US group also produces tablets, computers, headphones and watches and sells them at the same time “a range of device-related services and services”. The Group’s Services division includes the App Store, iCloud, technical support at AppleCare, the Apple Music music service, the range of games in front of Apple Arcade, the Apple TV + streaming service and other services.

EU sees unfair competition

During its investigation, the Cartel Office will also examine Apple’s technical and financial resources as well as access to data, according to Mundt. One focus of the investigation will be on the operation of the app store, as this enables the group in many cases to influence the business activities of third parties.

Apple’s app store system is already being investigated by the EU Commission, which accuses the group of unfair competition with other providers of music streaming services. Among other things, it is controversial that 15 to 30 percent of the digital revenues in the App Store go to Apple. “We look forward to discussing our approach with the Federal Cartel Office and engaging in an open dialogue about any concerns”it said in a response from Apple. The group is “proud to be an engine for innovation and jobs”. The iOS platform alone supports more than 250,000 workplaces in Germany.

Cartel office can intervene earlier

The background to the investigation is a reform of the Act against Restraints of Competition (GWB) in January. A central component is the modernization of abuse control. The supervisory authorities can now intervene earlier in the event of suspected violations by large digital corporations and prohibit anti-competitive practices.

This also makes it easier for the Cartel Office to take action against large digital companies that are important to competition across borders between different market areas. This has already had consequences: the last time the Bonn authority was against the online network Facebook and in May against the mail order company Amazon and against the internet company Google Investigation started.

According to the cartel office, an expansion of the investigation against Apple is imminent. The authority intends to “to take a closer look at Apple’s specific behavior in a possible further procedure”. The Office has received various complaints against potentially anti-competitive practices

Less emissions Merkel urges aviation to innovate

Status: 06/18/2021 8:35 p.m.

“As soon as possible”: Chancellor Merkel called for speed in innovations at the National Aviation Conference. Air traffic must quickly become lower in emissions. The industry is hoping for the summer business. The aviation industry and politics want to promote “green” flying in Germany with state funding. After the pandemic, all economic policy measures would have to be aligned with climate targets, said Chancellor Angela Merkel (CDU) at the National Aviation Conference in Berlin. “As for other industries, climate neutrality is a very ambitious goal for aviation,” said Merkel. To achieve this, there must be innovations, for example in drive systems and infrastructure – “and not at some point, but as quickly as possible”. Because the product cycles in aviation are very long.

Emission-free flying

In addition to the restart of the industry, which was badly shaken by the corona crisis, the focus of the industry summit at the capital airport BER was above all the path of aviation to emission-free flying. The airlines are focusing on the development of sustainable fuels as well as new, more economical aircraft and even electric aircraft. Representatives of the industry associations BDL, BDLI as well as the industry giants Airbus and Lufthansa repeated that this was a joint task of business and politics – and that is why public funds were necessary to kick-start innovations. The federal government is already investing billions in funding into the development of emission-free kerosene and clean aircraft technology. “At the moment, prices and quantities leave a lot to be desired,” said Merkel, referring to lower-emission fuels. Here you have to come to competitive terms. With extensive funding, alternative fuels based on electricity could also be ramped up on the market. Lufthansa boss Carsten Spohr said that synthetic alternatives to kerosene are around five times more expensive than fossil fuel today, and that PtL kerosene costs ten times as much. “No airline can afford that.”

No competitive disadvantage

With regard to the new climate regulations for European aviation expected by the EU in July, the Federal Government believes that stricter climate protection rules do not result in a competitive disadvantage compared to airlines abroad with lower standards. Merkel warned that there should be no distortions in the competitive struggle and no double burdens.

Aviation in Europe has been participating in CO2 emissions trading (ETS) since 2012, and the Corsia CO2 compensation system is to be introduced on a global level. “ETS plus Corsia does not work,” said Federal Transport Minister Andreas Scheuer (CSU). Corsia is the right instrument. The EU Commission considers this to be the weaker system.

Lufthansa wants to repay corona aid

Lufthansa was in dire straits due to the collapse of passenger flights in the Corona crisis and had to be supported by Germany and the countries of its subsidiary airlines with a financial framework of nine billion euros. Germany accounted for a total of 6.8 billion euros of the state rescue package for Lufthansa. The company has now announced that it intends to repay the state funds soon. “We were one of the first companies that was saved by the federal government. We also want to be one of the first companies to pay back the rescue funds – hopefully before the general election,” said CEO Spohr. The federal government, which in addition to loans and silent participation became Lufthansa’s largest shareholder with the rescue operation, wanted the state to withdraw “as soon as possible,” said Scheuer. With the help, the airline must get back on the road to success as quickly as possible. “And the state has to get out of there,” emphasized the minister.

Industry hopes for summer business

After the dry spell in the Corona crisis, aviation is relying on a recovery in summer business. According to the Federal Government’s Aviation Commissioner, new virus mutations could slow down the long-awaited restart. “At the moment there is great optimism and bookings are going through the roof,” said aerospace coordinator Thomas Jarzombek of the Reuters news agency. But everything depends on the infection situation. “Of course, there is now the delta variant as an uncertain component.” You can see in the UK that this delayed openings after the lockdown

Corona crisis Further help for business in sight

Status: 06/18/2021 5:51 p.m.

The states are urging to continue Corona aid for companies until the end of the year – Federal Minister of Economics Altmaier indicated readiness. Support for domestic exporters has already been extended. There are signs of an extension of the corona aid for companies that have been particularly hard hit by the pandemic. The economics ministers of the federal states demanded that the funds previously planned until the end of September be continued until the end of the year. The federal government pays the previous “Bridging Aid III”.

Extension after the summer break if necessary

Federal Minister of Economics Peter Altmaier (CDU) made it clear after a meeting with his country ministerial colleagues that he is not averse to an extension. One will look at the situation and, if necessary, extend the help after the summer break. The corona aid only applies to companies that can demonstrate a sharp drop in sales and can trace them back to the pandemic. As the economy is currently picking up again and more business is being done again, the number of companies eligible to apply is falling.

Altmaier: So far, 105 billion euros have been transferred

So far, a total of 105 billion euros have been transferred to companies as corona aid, said Altmaier. Roughly half of these are loans and half are grants that do not have to be repaid. In addition, there is money from the federal states. According to Altmaier, the state support has paid off: “Together we managed to prevent a loss of substance in the German economy.”

Against the background of the lower number of infections and the lifting of restrictions, Altmaier said the economy was “coming to a new start faster than many feared”. Growth is picking up – this year it will be 3.5 to 4 percent and in 2022 it will be more than 4 percent. The economy will have reached pre-crisis levels by spring 2022 at the latest. “That means, we are hopefully out of the worst,” said the CDU politician. When the bridging aid, which ran until the end of June, was extended by three months as “bridging aid III plus”, he was in any case in favor of continuing it until the end of the year.

Aid to exporters continues

Meanwhile, the corona aid for domestic exporters has already been extended until the end of the year. They were decided in July 2020 and should actually end this month. “Even if the economic situation has improved significantly in the past few months, the corona pandemic continues to pose challenges for the export industry,” the Ministry of Economics justified the decision. “Some companies are only now feeling the stresses with a delay.”

“Security signal” to the economy

North Rhine-Westphalia’s Minister of Economic Affairs, Andreas Pinkwart, spoke out in favor of continuing to support sectors such as the trade fair industry. After all, they would “presumably not yet be able to work in the fourth quarter in the way they normally would at normal times”. In addition, the FDP politician considers the extension of the bridging aid to be a good precaution for possible rising incidences in autumn. Then you would “not have to put on a new program from the hip”, but would have already been prepared. Saarland’s Minister of Economic Affairs, Anke Rehlinger, considers the prospect of the extension of the aid to be “a protective signal” to the economy. “We have to take care of the industries that are still suffering from the pandemic.” She stressed that the time should be used to prepare for all eventualities in autumn and winter. Should one be forced to make restrictions again because of the pandemic, there could be “other, smarter measures” that would take into account aspects such as a high vaccination rate.

Situation in trade fair industry “catastrophic”

The corona pandemic hit large parts of the German economy hard. In the meantime, things are looking a little better again, also because restrictions have been relaxed and restaurants and cafes are open again, for example. However, the situation in some sectors such as the trade fair industry is still very tense.

Jörn Holtmeier, managing director of the trade fair association AUMA, described the situation in his branch as “catastrophic”. The first industry get-togethers would take place again in September, but the number of trade fairs until the end of the year was clear. There have been many rejections. “If a stand builder finally gets another order for his first trade fair in November or December, but then does not receive any more money from the state in October, this can extremely worsen the already tense financial situation of his company.” Then company bankruptcies are possible. It is mainly about stand builders, caterers and private trade fair organizers. Exhibition companies that belong to municipalities and the state are not entitled to federal corona aid.

Around 231,000 employees

Holtmeier is also in favor of extending the aid until the end of the year. This was just a safety net, he said. “Some companies will get orders again beforehand and make sales, they will not have to use the help.”

According to AUMA, Germany’s trade fair industry has around 231,000 employees. This not only includes organizers and stand builders, but also companies with a strong trade fair business – a hotel, for example, which does most of its business with trade fair visitors, is proportionately included in the number of employees. Since March 2020, according to the Ifo Institute, the crisis in the trade fair industry has led to economic damage of an estimated 40 billion euros: Dealers could no longer buy anything at the industry get-togethers, and there were no more visitors who would spend money on restaurant visits, hotel stays or taxi rides

Online fashion retailer About You starts on the stock exchange

Status: 16.06.2021 3:14 p.m.

The online fashion retailer About You, an offshoot of the traditional mail order company Otto, has gone public. Business is doing brilliantly in the pandemic – more Internet retailers will follow. From Victor Gojdka, ARD stock exchange studio When a fashion retailer goes public, the traders on the trading floor also pay attention to the right thread. Blue suit, polished shoes – tie fits. You can start trading with the fashion retailer About You. Serhad Gündogan from Baader Bank announced the first price: 25.60 euros. A good start for the online fashion retailer who ships almost everything from jackets, pants, jeans to low shoes. It generated more than a billion in sales in the past fiscal year. With a very special target group, says financial expert Volker Brühl from the Center for Financial Studies: “Above all, very young people who are very internet-savvy and naturally use their smartphones to go shopping. And that is what sets About You apart from Zalando. ”

05/27/2021

Money for international growth

The IPO brought the company around 650 million euros into the cash register. And the company leaders already have ideas of what they want to do with this money, says stock exchange expert Brühl. “You currently have around one billion euros in sales. That is still comparatively little – and that is why you have to invest heavily in international expansion. In marketing too, of course, which also costs money.” Stock exchange expert Robert Halver from Baader Bank is also on the floor today. Baader Bank took care of the IPO behind the scenes – and Halver himself likes to order online: “I’m an avid clothes buyer on the Internet, so I hate going into stores.” It is true that not everything always fits when you buy clothes online. “But I prefer that to having to stand in a row. That’s the worst thing there is for me.”

March 16, 2021

More and more customers are shopping online

According to Halver, he personally did not suffer from Corona and the closure of the retail trade. And investors are also hoping for this sales boom with Corona. About You shares have now climbed to as much as 26.80 euros. And other online retailers such as Bike24 or the glasses mail order company Mr. Spex also want to go to the floor. A real boom in IPOs, says Halver. “The mood on the stock exchange is good.” And when the mood on the stock exchange is good, companies are inclined – if they were toying with the idea of ​​going public anyway – to take advantage of this good mood. “Who goes public when we have a crash? Nobody does that. But no one knows whether the online boom will continue after the corona easing. The boom in IPOs in Frankfurt: it harbors risks for investors.

Author丨Li Wenxian

Produced丨Sohu Finance

It has been a year since the sale of Baicao Wei, and I missed you for announcing the focus on the main business of red dates, but you have repeatedly fallen into doubts from investors.

On June 14, I really want you to receive an annual report inquiry letter from the Shenzhen Stock Exchange, and you were asked to respond to 11 questions about the sale of Holmes, performance, and the decline in the gross profit margin of jujube products.

Since the delivery was completed in June last year, I miss your net profit for two consecutive quarters. In 2020, the gross profit rate of jujube and related products is 29.34%, a year-on-year decrease of 3.46%.

One year after the release of the share repurchase plan, I really want you to significantly reduce the repurchase ratio. During the period, the second largest shareholder Hangzhou Haohong Industrial Co., Ltd. (hereinafter referred to as “Hangzhou Haohong”) reduced its shareholding nine times and cashed out about 180 million yuan in total. .

Since the announcement of the reduction of the repurchase ratio, I miss your share price plummeting for 5 consecutive trading days. As of today’s close, I miss your share price at 10.30 yuan, down 1.62%.

After selling Baicaowei, I miss your net profit for two consecutive quarters.

After selling Baicaowei, I really miss your revenue in 2020.

The annual report shows that in 2020, I miss you to achieve operating income of 3.001 billion yuan, a year-on-year decrease of 49.65%.

On February 23, 2020, I miss you an announcement that it will sell 100% of Baicaowei’s equity. The buyer is Pepsi Beverage, a subsidiary of PepsiCo. The negotiated transaction price of the two parties is US$705 million, which is approximately RMB 5 billion.

On May 14th last year, I missed the transfer of the equity you held in Holmes (that is, Baicaowei) to Pepsi Beverage. On June 2nd of the same year, I missed the announcement that you had received US$698 million from Pepsi.

According to the disclosure, from the first quarter to the fourth quarter of 2020, I miss you operating income of 1.773 billion yuan, 713 million yuan, 250 million yuan and 264 million yuan, respectively. The third and fourth quarter revenues are less than the sixth quarter of the first quarter. One part.

At the same time, in the third and fourth quarters, I miss you a loss of 18 million yuan and 83 million yuan in net profit respectively in the two quarters. After deducting non-net profits, you will lose three consecutive quarters. The second, third, and fourth quarters will lose about 114 million yuan, 17 million yuan and 19 million yuan.

The Shenzhen Stock Exchange asks you to combine the situation of comparable companies in the same industry, as well as the seasonal characteristics of the company’s business (if any), market demand changes, product price trends, cost and expense confirmation basis, and changes in amounts, and explain the quarters of the reporting period. The reasons and reasonableness of the large fluctuations in financial data, and whether there is an inter-period recognition of income or expenses.

Jujube business revenue declines year after year, gross profit margin declines 3.46%

Before selling Baicaowei, I miss your jujube business has been declining year after year.

From 2017 to 2019, the revenue of I miss you jujube products were 961 million yuan, 868 million yuan, and 735 million yuan, respectively, accounting for 23.61%, 17.54%, and 12.33% of the revenue. Revenue has fallen for two consecutive years.

In 2020, I miss your jujube revenue of approximately 666 million yuan, a year-on-year decline of 18.87%, and a gross profit margin of 3.46%.

Compared with jujube products, nuts have contributed 1.187 billion yuan in revenue, which is nearly twice that of jujube business, but they are also facing a decline in gross profit margin.

The financial report shows that in 2020, the gross profit margin of I miss you nuts products is 20.90%, a year-on-year decrease of 4.36%.

The inquiry letter requires you to combine marketing model, product positioning, market share, cost structure and other factors to explain the reasons for the decline in the gross profit rate of red dates and nuts during the reporting period, and analyze whether related factors will continue to affect the company’s production and operation.

I miss you announcing the return to the main business of jujube, and decided to terminate the contract of 4770 acres of land leased by the subsidiary Xinjiang Jujube Agriculture and Forestry Co., Ltd., and concentrate resources on the company’s own high-quality raw material base.

After the termination of the land lease agreement, you no longer own the ownership of the jujube trees, employee dormitories, warehouses and other ground attachments on the corresponding land, and the remaining land lease fees paid will no longer be returned. The total asset loss is 45.66 million yuan.

The inquiry letter requires you to estimate whether the cost of using the leased land to obtain raw materials such as red dates is significantly different from the cost of the company obtaining raw materials such as red dates through other channels. Combined with the reasons for your company’s early termination of the land lease, further explain the company’s termination of the land lease Whether it is conducive to safeguarding the interests of listed companies.

At the same time, according to the disclosure that I wanted to focus on the main business of red dates when you sold the shares of Holmes, it explained whether the company took other methods to consolidate the supply of upstream raw materials while terminating the 4770 mu land lease of the subsidiary Xinjiang Dazaoshu Agriculture and Forestry Co., Ltd. .

The repurchase plan has shrunk sharply, the second shareholder reduced their holdings and cashed out 180 million yuan

I really miss you to change the stock repurchase plan, which also caused investor complaints.

On June 3, 2021, I really want you to disclose the “Announcement on Adjusting the Share Repurchase Program” stating that the number of shares to be repurchased will be adjusted to no less than 41.2 million shares and no more than 67.2 million shares.

Compared to the most embarrassing repurchase plan in history that was thrown out in June last year, the number of shares you bought back has shrunk dramatically.

I really want you to disclose that the number of shares repurchased is no less than 113 million shares and no more than 226 million shares, accounting for no less than 21.91% and no more than 43.83% of the company’s total share capital. The repurchase price does not exceed 13 yuan per share.

As of May 10, 2021, I really want you to repurchase approximately 28.79 million shares through centralized auction trading, accounting for 5.58% of the company’s current total share capital. The highest transaction price is 13 yuan per share, and the lowest transaction price is 10.93. Yuan/share, the total turnover is about 339 million yuan.

During the period, Hangzhou Haohong, the second largest shareholder, reduced its shareholding 9 times, with a cumulative reduction of 13.84 million shares. The number of changes accounted for more than 3% of the outstanding shares. The average transaction price was 11.95 yuan to 13.79 yuan, and the cumulative cash out was about 180 million yuan.

After the announcement of the adjustment plan, I miss your stock price plummeting for 5 consecutive trading days.

The inquiry letter asks, I really want you to further explain the reason and rationality of the company’s adjustment to the repurchase plan in the past 12 months before the shareholders’ meeting reviewed and approved the share repurchase plan, and whether there is a situation of using repurchase matters to cooperate with relevant entities to reduce holdings Wait.

Close to the limit of insolvency According to the director of Sao Viet car company, production and business revenue is almost zero, but every day still has to bear countless expenses such as bank interest; rent for factories, warehouses, salaries to support officials, employees, drivers; road maintenance fees … A series of passenger transport enterprises are in the “swallowing” scene. “Before the epidemic, on average, each month we spent about 3 billion dong on salaries and bonuses for drivers and employees. However, today, even though there is no revenue, we still have to “burden” nearly 1 billion dong/month “- Mr. Bang stated. Not only road transport, the air transport market has suffered the most severe decline ever, prompting the Ministry of Planning and Investment to issue a warning that the solvency of enterprises is declining close to the limit of insolvency. maths. For example, the national airline of Vietnam (Vietnam Airlines), it is expected that the loss of the first quarter of 2021 will be at VND 4,800 billion and in the first six months of the year may reach VND 10,000 billion. Currently, the amount of overdue debt has reached VND 6,240 billion and is in a very difficult situation. Vietnam Airlines has more than 9,000 employees who are on unpaid leave and temporary suspension of labor contracts. Most transport businesses are facing great difficulties due to the Covid-19 epidemic Vietnam Railways Corporation (VNR) also lost 50% of passenger transport revenue in the past 5 months due to people restricting travel, the railway industry had to cut many passenger trains. Mr. Nguyen Cong Hung, Chairman of the Hanoi Taxi Association, said that the number of passengers decreased by 80%-90%, revenue fell seriously, and workers’ lives were difficult. A series of taxi companies are facing the risk of bankruptcy, and bad debts are at high risk of increasing in the banking system. Therefore, recently, the Taxi Associations of Hanoi, Da Nang and Ho Chi Minh City have jointly signed a document to send to the Prime Minister, proposing to support taxi transport enterprises to overcome difficulties before the Covid-19 pandemic. Proposing many solutions Facing the above situation, the Prime Minister has just assigned the Ministry of Transport to consider and propose policies and solutions to support passenger transport enterprises facing difficulties due to the Covid-19 epidemic. to border gates and between regions in the domestic market. According to Mr. Tran Bao Ngoc, Director of the Transport Department (Ministry of Transport), since the outbreak of the epidemic, the Ministry of Transport has proposed policies and solutions to support transport enterprises in difficulty. Regarding the solution to remove the vehicle inspection cycle, Mr. Ngoc said that the Ministry of Transport is amending Circular No. 70/2015 in the direction of adjusting the inspection cycle of passenger cars of all kinds up to 9 seats with transportation business. , adjusted from 18 months to 24 months for the first cycle and from 6 to 12 months for the recurring cycle. In addition, the Ministry of Transport also proposed that the Government delay the time of sanctioning transport enterprises that do not install surveillance cameras due to the impact of the Covid-19 epidemic. Regarding the proposal to exempt road maintenance fees until the end of this year, Mr. Ngoc said that in order to remove difficulties for those affected by the Covid-19 epidemic, Circular 112/2020 of the Ministry of Finance allows to reduce collect road user fees from January 1 to June 30, 2021. “The Ministry of Transport has proposed to the Government to reduce value-added tax to 0%, reduce 50% of corporate income tax for industries seriously damaged by the epidemic. Besides, delay payment of tax amount for 6 months for 6 months. arrears until December 31, 2021 and there is no fee for parking, parking and picking up passengers at the airport, train station, port and 50% discount on service prices through the bus station for passenger cars. sign for new registered vehicles for transport business until December 31,” said Mr. Ngoc. It is still difficult to access support policies As a large passenger transport enterprise in Quang Ninh province, Mr. Doan The Xuyen, director of Phuc Xuyen Co., Ltd., said that the company has over 300 vehicles that have stopped working but still have not been exempted from road maintenance fees because of cumbersome procedures. . For example, to be exempted under the regulations of the Ministry of Finance, the vehicle must stop working for 30 days or more, then return the badge and be certified by the Department of Transport. “You can stop for less than 30 days to be able to run again, then you have to apply for a new badge. Many businesses still have to pay even though the car is not running because they are afraid of procedures,” said Xuyen.

A Thai woman rests after being vaccinated against Covid-19. The above decision was made at a meeting of Bangkok’s Communicable Diseases Committee on May 31. The commission said the reopening was intended to ease the burden on business by allowing it to operate under strict conditions. The Thai government’s efforts to control the outbreak of Covid-19 in residential communities, markets and worker housing are continuing. Five types of businesses are allowed to reopen in Bangkok from June 1 including: museums, learning centers, science parks, historical sites and art galleries (no group tours). ; tattoo parlors and nail salons (must close for 14 days if any Covid-19 cases are detected); beauty/weight loss clinics and services; spas, massage parlors and wellness-related locations (no saunas or facials); and public parks, botanical gardens and flower gardens (no eating or gathering). Other businesses in Bangkok will remain closed until June 14. On May 31, Thailand recorded a record high of 5,485 new cases of Covid-19 within 24 hours, bringing the total number of infections so far to 159,792. The whole country recorded 19 more deaths from Covid-19, bringing the total number of people who did not die from this disease to 1,031. Bangkok continues to lead the list of localities with new cases, with 1,356 cases recorded on May 31. (according to VNA)

People in Bangkok go shopping. (Photo: Ngoc Quang/VNA) The capital Bangkok will allow the reopening of five types of businesses from June 1 in the context that this locality still leads the country in the number of new COVID-19 cases. The above decision was made at a meeting of Bangkok’s Communicable Diseases Committee on May 31. The commission said the reopening was intended to ease the burden on business by allowing it to operate under strict conditions. Efforts to control the outbreak of COVID-19 in communities, markets and worker housing are continuing. Five types business allowed to reopen in Bangkok from June 1, including: museums, learning centers, science parks, historical sites and art galleries (no group tours); tattoo parlors and nail salons (must close for 14 days if any COVID-19 cases are detected); beauty/weight loss clinics and services; spas, massage parlors and wellness-related locations (no saunas or facials); and public parks, botanical gardens and flower gardens (no eating or gathering). Other businesses in Bangkok will remain closed until June 14. While, Thailand On May 31, the number of new COVID-19 cases recorded within 24 hours reached a record high of 5,485, bringing the total number of infections so far to 159,792. The whole country also recorded 19 more deaths from COVID-19, bringing the total number of people who did not survive this disease to 1,031. Bangkok continues to lead the list of localities with new cases, with 1,356 cases recorded on May 31, followed by Phetchaburi (555 cases), Samut Prakan (358 cases), Saraburi (327 cases) and Pathum Thani (211 cases). Assistant Situation Center Spokesperson COVID-19 (CCSA) Apisamai Srirangson said Bangkok detected two new outbreaks, a residential area for construction workers in Bang Na district and a community in Sathon district, bringing the total number of clusters under close supervision in the capital to 45. .

Could you tell me, what is the position and role of the press in the business? Over the years, I have worked at the Provincial Business Association, joined the Vietnam Chamber of Commerce and Industry (VCCI), I have realized that the press plays a big role in the development of the business community. Newspapers help businesses promote images, brands and products to the public. News in the press also helps businesses capture diverse information, especially domestic and foreign market information, giving businesses more data to shape production and business activities, perfect their strategies. business development strategy. Mr. Tran Khac Tam – Chairman of Soc Trang Province Business Association, Vice Chairman of the Council of Business Associations in the Mekong Delta, Member of the Executive Committee of VCCI. The press helps the business community raise policy recommendations to the State, in order to develop policies and laws for socio-economic development, helping the business community to constantly grow. The press also pointed out the non-standard things and shortcomings in production and business activities, helping enterprises to recognize and evaluate their activities, increasingly improve and develop businesses within the legal framework. the law. Personally, I have many good memories with reporters in the role of a member of the National Assembly, a member of the People’s Council, Chairman of the Provincial Business Association, etc. They help me convey my opinions and recommendations to the authorities, to general public. Currently, the rise of the social network has changed the method of information, brand promotion and image of businesses, weakening the advantage and position of the press. So, does the press still play an important role in business activities? It is clear that when social networks develop, the emergence of transnational platforms such as Facebook, Youtube, Google, Tiktok …, the press encounters fierce competition in both information and business aspects. advertising revenue. I was told by some leaders of press agencies that advertising and communication activities are difficult because businesses have other options. I understand and share with the press agencies, because once such a “cake” or has grown, it is not worth much but must be divided into more parts, the fiercer competition for shares is obviously difficult. more difficult. The press is the ideological and cultural force and also the business units to maintain operations and development. What about the information aspect, I find that with the use of today’s easy media, each person holding a smartphone can post information and express opinions very quickly and diversely. . Some people say that every facebooker can also become a “journalist” – citizen. Thus, the press has to compete for information with social networks, and in fact, there are cases where the press has gone behind social networks. However, I believe that social media cannot take away the position of the press. Despite fierce competition, which greatly affects journalism activities, social networks cannot replace journalism. I still read the press every day because there is official information, with statements, with verification, many issues are laid out methodically, multi-dimensional and complete information has been provided by reporters and editors. evaluation, screening, investigation, thorough interview. For the operation and development of the business community, I can confirm that the press still plays a very important role. So, in your opinion, is the press and business a reciprocal, symbiotic relationship? In the development of the press, businesses also play a significant role, newspapers and television stations attract significant financial resources from product promotion and communication activities for businesses. The activities of newspapers, television and radio stations are also production and business activities. Giving and receiving always take place in the process of interaction for a common goal of socio-economic development, building a richer and more civilized country. The business community and the press are not two opposing forces. Enterprises develop production and business activities, create material wealth for the society, and create jobs for employees. The press reports, analyzes and comments on social, policy and economic issues…, protects the right, fights against the wrong, and ensures social justice. Newspapers and businesses must operate within the framework of the law, especially the Enterprise Law and the Press Law. If operating in accordance with the law, there cannot be a situation where the press causes difficulties for businesses, and vice versa, businesses cannot cause difficulties for press activities. Dr. Tran Khac Tam in a regular meeting of the 13th National Assembly as a National Assembly member. Power always goes hand in hand with responsibility. So, what are your views on the role of the press in today’s social life? The power of the press is the power of public, transparent and fair information, the power of reason and the legal order. In the West they see the press as the “fourth power”, alongside legislative, executive and judicial powers, although this is not constitutional. It is a way of honoring the role of the press in social life. In our country, the press is a sharp ideological “weapon” of the Party and State, a bridge between the Party, the State and the people, an important means of propagating socio-economic development, building construction building the Party and political system, is a forum for the people to participate in social management, monitor power, and realize the goal of a rich people, strong country, democracy, justice and civilization. As society develops, the information needs of the whole society are also increasing. Information becomes a power, having a direct impact on the management and organization of social life, on habits, perceptions, moods, emotions and actions of each individual. Access to information becomes an important need in modern society; in which the main means to bring information to the public is the press and media. It can be affirmed that the more society develops, the more the press and media have a particularly important position, role and mission in the daily life of each country and nation. Therefore, the press must always protect the right, fight against the wrong in order to make social life healthy, for the law to be enforced and to ensure social justice. Reality has proven that during the process of national construction and development, many journalists have been like soldiers fighting corruption and negativity, protecting the weak. I hope that tradition will be maintained and promoted so that our revolutionary journalism continues its glorious path. Sincerely thank you!

Author丨Li Wenxian

Produced丨Sohu Finance

It has been a year since the sale of Baicao Wei, and I missed you to announce the focus on the main business of red dates, but you have repeatedly fallen into doubts from investors.

On June 14, I really want you to receive an annual report inquiry letter from the Shenzhen Stock Exchange, and you were asked to respond to 11 questions about the sale of Holmes, performance, and the decline in the gross profit margin of jujube products.

Since the delivery was completed in June last year, I miss your net profit for two consecutive quarters. In 2020, the gross profit rate of jujube and related products is 29.34%, a year-on-year decrease of 3.46%.

One year after the release of the share repurchase plan, I really want you to significantly reduce the repurchase ratio. During the period, the second largest shareholder Hangzhou Haohong Industrial Co., Ltd. (hereinafter referred to as “Hangzhou Haohong”) reduced its shareholding nine times and cashed out about 180 million yuan in total. .

Since the announcement of the reduction of the repurchase ratio, I miss your share price plummeting for 5 consecutive trading days. As of today’s close, I miss your share price at 10.30 yuan, down 1.62%.

After selling Baicaowei, I miss your net profit for two consecutive quarters.

After selling Baicaowei, I really miss your revenue in 2020.

The annual report shows that in 2020, I miss you to achieve operating income of 3.001 billion yuan, a year-on-year decrease of 49.65%.

On February 23, 2020, I miss you an announcement that it will sell 100% of Baicaowei’s equity. The buyer is Pepsi Beverage, a subsidiary of PepsiCo. The negotiated transaction price of the two parties is US$705 million, which is approximately RMB 5 billion.

On May 14th last year, I missed the transfer of the equity you held in Holmes (that is, Baicaowei) to Pepsi Beverage. On June 2nd of the same year, I missed the announcement that you had received US$698 million from Pepsi.

According to the disclosure, from the first quarter to the fourth quarter of 2020, I miss you operating income of 1.773 billion yuan, 713 million yuan, 250 million yuan and 264 million yuan, respectively. The third and fourth quarter revenues are less than the sixth quarter of the first quarter. One part.

At the same time, in the third and fourth quarters, I miss you a loss of 18 million yuan and 83 million yuan in net profit respectively in the two quarters. After deducting non-net profit, you will lose three consecutive quarters. In the second, third and fourth quarters, the net profit after deduction of non-profit loss will be about 114 million yuan, 17 million yuan, and 19 million yuan.

The Shenzhen Stock Exchange asks you to combine the situation of comparable companies in the same industry, as well as the seasonal characteristics of the company’s business (if any), market demand changes, product price trends, cost and expense confirmation basis, and changes in amounts, and explain the quarters of the reporting period. The reasons and reasonableness of the large fluctuations in financial data, and whether there is an inter-period recognition of income or expenses.

Jujube business revenue declines year after year, gross profit margin declines 3.46%

Before selling Baicaowei, I miss your jujube business has been declining year after year.

From 2017 to 2019, the revenue of I miss you jujube products were 961 million yuan, 868 million yuan, and 735 million yuan, respectively, accounting for 23.61%, 17.54%, and 12.33% of the revenue. Revenue has fallen for two consecutive years.

In 2020, I miss you jujube revenue of about 666 million yuan, down 18.87% year-on-year, and gross profit margin down 3.46%.

Compared with jujube products, nuts have contributed 1.187 billion yuan in revenue, which is nearly twice that of jujube business, but they are also facing a decline in gross profit margin.

The financial report shows that in 2020, the gross profit margin of I miss you nuts products is 20.90%, a year-on-year decrease of 4.36%.

The inquiry letter requires you to combine marketing model, product positioning, market share, cost structure and other factors to explain the reasons for the decline in the gross profit rate of red dates and nuts during the reporting period, and analyze whether related factors will continue to affect the company’s production and operation.

I miss you announcing the return to the main business of jujube, and decided to terminate the contract of 4770 acres of land leased by the subsidiary Xinjiang Jujube Agriculture and Forestry Co., Ltd., and concentrate resources on the company’s own high-quality raw material base.

After the termination of the land lease agreement, you no longer own the ownership of the jujube trees, employee dormitories, warehouses and other ground attachments on the corresponding land, and the remaining land lease fees paid will no longer be returned. The total asset loss is 45.66 million yuan.

The inquiry letter requires you to estimate whether the cost of using the leased land to obtain raw materials such as red dates is significantly different from the cost of the company obtaining raw materials such as red dates through other channels. Combined with the reasons for your company’s early termination of the land lease, further explain the company’s termination of the land lease Is it conducive to safeguarding the interests of listed companies?

At the same time, according to the disclosure that I wanted to focus on the main business of red dates when you sold the shares of Holmes, it explained whether the company took other methods to consolidate the supply of upstream raw materials while terminating the 4770 mu land lease of the subsidiary Xinjiang Dazaoshu Agriculture and Forestry Co., Ltd. .

The repurchase plan has shrunk sharply, the second shareholder reduces their holdings to cash out 180 million yuan

I really miss you to change the stock repurchase plan, which also caused investor complaints.

On June 3, 2021, I really want you to disclose the “Announcement on Adjusting the Share Repurchase Program” stating that the number of shares to be repurchased will be adjusted to no less than 41.2 million shares and no more than 67.2 million shares.

Compared to the worst repurchase plan in history that was thrown out in June last year, the number of shares you bought back has shrunk dramatically.

I really want you to disclose that the number of shares repurchased is no less than 113 million shares and no more than 226 million shares, accounting for no less than 21.91% and no more than 43.83% of the company’s total share capital. The repurchase price does not exceed 13 yuan per share.

As of May 10, 2021, I really want you to repurchase approximately 28.79 million shares through centralized auction trading, accounting for 5.58% of the company’s current total share capital. The highest transaction price is 13 yuan per share, and the lowest transaction price is 10.93. Yuan/share, the total turnover is about 339 million yuan.

During the period, Hangzhou Haohong, the second largest shareholder, reduced its shareholding 9 times, with a cumulative reduction of 13.84 million shares. The number of changes accounted for more than 3% of the outstanding shares. The average transaction price was 11.95 yuan to 13.79 yuan, and the cumulative cash out was about 180 million yuan.

After the announcement of the adjustment plan, I miss your stock price plummeting for 5 consecutive trading days.

The inquiry letter asks, I really want you to further explain the reason and rationality of the company’s adjustment to the repurchase plan in the past 12 months before the shareholders’ meeting reviewed and approved the share repurchase plan, and whether there is a situation of using repurchase matters to cooperate with relevant entities to reduce holdings Wait.

Produced | Sohu Technology

Author | Yin Lina

Edit | Yang Jin

The listing rumors have been brewing for more than three years. In the morning of June 11, Didi finally submitted a prospectus and launched an IPO in the United States.

According to the prospectus, Didi’s stock code is “DIDI”, with Goldman Sachs, Morgan Stanley, JPMorgan Chase, and China Renaissance Capital acting as underwriters.

Since its establishment, Didi has gone through 22 rounds of financing with a total financing amount of nearly 80 billion yuan, making it a well-deserved financing expert.

However, from the perspective of performance, Didi’s online car-hailing seems to be huge, but only has a meager profit of 3.1%; international business is still losing money, and there are large variables due to the epidemic; new businesses such as freight and community group buying have just started. It is still a “cash-burning” machine, and profit is far from expected.

Performance dismantling: loss is still the main theme

Let’s look at the performance first. From 2018 to 2020, Didi’s revenue was 135.3 billion yuan, 154.8 billion yuan and 141.7 billion yuan, respectively. In the first quarter of this year, Didi’s revenue was 42.2 billion yuan.

From the above figures, it can be seen that in the past three years, Didi’s revenue growth has not been significant. Affected by factors such as the new crown epidemic in 2020, overall revenue has also declined slightly. However, the impact of the epidemic was eased in the second half of last year. The prospectus shows that in the second half of last year, the total transaction volume of Didi’s travel business in China was 121.6 billion yuan, an increase of 80.3% over the first half of the year and an increase of 12.2% over the second half of 2019.

In addition, losses are still the main theme of Didi. In the past three years, Didi’s net losses were 15 billion yuan, 9.7 billion yuan, and 10.6 billion yuan, respectively. The adjusted non-GAAP profits were 8.6 billion yuan, 2.8 billion yuan and 8.4 billion yuan. In the first quarter of this year, due to the unrecognized income of 9.1 billion yuan and an investment income of 3.3 billion yuan from the spin-off of Orange Heart Optimal, the investment income reached 12.36 billion yuan, Didi turned losses, net profit reached 5.5 billion yuan, and an adjusted loss of 5.5 billion yuan. yuan.

In terms of business, the main sources of Didi’s revenue are divided into three categories, namely, China’s travel business (China’s online car-hailing, taxi, agent driving and ride-hailing businesses), international business (international travel and food delivery, etc.) and Other businesses (shared bicycles and motorcycles, car service, freight, autonomous driving, financial services, etc.).

In 2020, these three types of income will be 133.6 billion yuan, 2.3 billion yuan and 5.8 billion yuan respectively. Among them, China’s travel business is the most important source of income, and the proportion of China’s travel business to total revenue is as high as 94.3%.

Among various expenditures, operating costs account for a large proportion, mainly commissions and subsidies paid to drivers. In the past three years, Didi’s gross profit margin was 5.5%, 9.8% and 11.2%, showing an upward trend year by year.

Among various expenses, marketing and marketing expenses accounted for the highest proportion. Last year, the total amount reached 11.14 billion yuan, accounting for 7.86% of total revenue. Followed by general and administrative expenses, about 7.55 billion yuan, accounting for 5.33% of total revenue.

Although as of the end of last year, Didi had 15,914 full-time employees worldwide, including 7,110 R&D employees, which accounted for 44.7% of R&D employees, the proportion of Didi’s technology and R&D related expenses was not the highest: last year it was 63.2 100 million yuan, accounting for 4.46% of total revenue. Finally, operating and support expenses are 4.70 billion yuan, accounting for about 3.32% of revenue.

In terms of operations, in the 12 months ending March 31, 2021, Didi has been operating in more than 4,000 cities and towns in 15 countries around the world. The total transaction volume of the whole platform is 341 billion yuan, of which Didi’s core platform GTV (referring to GTV in China’s travel and international markets) reached 244.2 billion yuan. With the exception of community group buying, the average daily order volume of all businesses reached 41 million, the annual active users reached 493 million, and the annual active drivers were 15 million.

However, the current progress is still far from the “0188” plan released by Didi in March last year. The “0188” plan shows that Didi will serve more than 100 million orders per day during the three years from 2020 to 2022, with a penetration rate of more than 8% for all domestic trips, and a global service user MAU of more than 800 million.

What is more worrying is that in Didi’s “main battlefield” Chinese market, the number of orders has shown a downward trend year by year, and the customer unit price has not increased significantly.

The number of Didi orders in the Chinese market dropped from 8.79 billion orders in 2018 to 8.67 billion orders in 2019 to 7.75 billion orders. However, this trend also has business adjustments and environmental factors. In 2019, Didi discontinued its ride-hailing business. Under the new crown epidemic in 2020, people will go out less frequently, and Didi has also suspended cross-city orders and ride-sharing services. In terms of customer unit prices, they were 23.3 yuan, 23.3 yuan and 24.4 yuan respectively in three years.

However, Didi has achieved profitability in the Chinese travel market: adjusted pre-interest and tax profit of 3.84 billion yuan in 2019, 3.96 billion yuan in 2020, and 3.62 billion yuan in the first quarter of 2021.

The rake puzzle: online car-hailing profit margin is only 3.1%

After the ride-hailing incident occurred in 2018, the outside world had a lot of discussions about Didi. In addition to inadequate security measures, the question of Didi’s profitability was the most acute.

Just when everyone thought that Didi was earning a lot of money, some media broke the news that Didi had “a total loss of 10.9 billion yuan in 2018 and a driver’s subsidy of 11.3 billion yuan”, and “the total loss in the six years of its business has exceeded. 40 billion yuan”.

Entering 2020, discussions on Didi’s high commission rate remain high, with some drivers claiming that the commission rate for some orders has even reached more than 30%. In response, Didi issued a statement stating that the proportion of such “extreme rake orders” was 2.7% last year, and it has now been reduced to 0.03%. The next step will allow this number to continue to decline until it is completely eliminated. Today, Didi has launched a transparent billing function, and drivers can view the flow of funds for orders in the past 7 days.

As a matter of fact, the situation regarding the commission of the online car-hailing business can be seen in the prospectus.

Look at the whole first. The prospectus shows that from 2018 to the first quarter of 2021, drivers from around the world earned more than 600 billion yuan in revenue on the Didi platform. In the Chinese market, in the online car-hailing business in 2020, the total revenue and incentives received by drivers will reach 117.4 billion yuan.

In the prospectus, Didi detailed the financial status of Didi in China’s travel market in 2020.

Last year, Didi’s total transaction volume in the domestic travel market was 189 billion yuan, of which the transaction volume from online car-hailing business (excluding taxis, private cars, and ride-hailing, etc.) was 148.6 billion yuan.

Excluding expenses spent on consumer subsidies and road tolls, Didi’s total revenue was 133.6 billion yuan. Among them, 110.5 billion yuan was used as driver income, accounting for 82% of revenue; 6.9 billion yuan was used as driver incentives, accounting for 5.2% of revenue, and the two together accounted for 87.9% of Didi’s total revenue, accounting for approximately total online car-hailing 79% of the transaction volume is consistent with Didi’s previously announced commission.

Earlier, on May 7, Didi car-hailing issued a statement on the “rake”, stating that in 2020, Didi car-hailing drivers accounted for 79.1% of the total payable by passengers. Of the remaining 20.9%, 10.9% are passenger subsidies, 6.9% are corporate operating costs (technology research and development, servers, security, customer service, manpower, offline operations, etc.), taxation and payment handling fees, etc., and 3.1% are online appointments Net profit of car business.

Overall, excluding driver income and driver subsidies, Didi will receive 16.2 billion yuan in its online car-hailing business. Excluding 12.2 billion yuan in operating expenses, Didi’s online car-hailing business before interest, tax and amortization The profit reached 4 billion yuan, and the profit rate was about 3.1%.

Didi doesn’t want to be just online ride-hailing

The slow revenue growth and the meager profit of domestic online car-hailing have forced Didi to find the next growth point.

In 2018, Didi began its international expansion, trying to replicate its experience in the Chinese market to the world, and was the first to enter Brazil, Mexico, Australia, and Japan. Prospectus data shows that Didi currently has operations in 15 countries around the world.

However, in the case of China’s local online car-hailing is only a meager profit, it is conceivable that it is difficult for the international business to make a profit, especially in the context of the new crown epidemic in foreign countries where there are still large variables. From the beginning of 2018 to the first quarter of this year, Didi’s international business losses have accumulated more than 10 billion yuan.

But one problem is that a series of new businesses such as shared bicycles and motorcycles, car services, freight transport, autonomous driving, and financial services only brought Didi 5.76 billion yuan in revenue last year, but at the same time it brought more than 8.8 billion yuan. The loss is more than twice the profit of online car-hailing.

This year, the loss has further expanded. In the first quarter of this year, the loss of new business in a single quarter reached 8.08 billion yuan. From 2018 to the first quarter of 2021, Didi’s losses in new businesses have totaled more than 26 billion yuan.

It is worth noting that these new businesses have completed independent spin-offs and financing in the first half of this year.

Last year, Qingju launched a round of financing. SoftBank and some other investors invested US$134 million and Didi invested US$750 million. At the beginning of this year, Qingju launched a Series B financing again, in which external investors invested US$166 million and Didi subscribed. A share of US$300 million in equity financing and a US$100 million in convertible notes. Qingju is currently valued at US$1.9 billion, and Didi holds 88.3%;

In the first quarter of this year, Didi Freight received US$1.5 billion in Series A financing, the latest valuation is US$2.8 billion, and Didi currently holds 57.6% of the shares;

Didi’s autonomous driving company has completed a US$1.5 billion Series A financing, with a valuation of US$3.4 billion, and Didi’s shareholding ratio is 70.4%.

Orange Heart Optimal conducted A1 and A2 rounds of financing in March this year. Among them, the A1 round of SoftBank Vision Fund injected US$900 million and the rest of the external investors injected US$100 million; the A2 round was funded by the management of about US$200 million, and the financing was completed. After Didi’s equity fell to 32.8%, it was no longer consolidated. However, in the A2 round, Orange Heart Pride issued USD 3 billion of convertible bonds to Didi. Didi has the right to convert the bonds into stocks before the expiration date of the convertible bonds and become the controlling shareholder of Orange Heart Pride again.

Although these new businesses are at a loss, it is not difficult to see how much Didi attaches importance to internationalization and new businesses from the purpose of fundraising: 30% of the funds raised are used to expand business in international markets outside of China; 30% The raised funds are used to improve technical capabilities including shared travel, electric vehicles and autonomous driving; the remaining about 20% will be used to launch new products and expand existing product categories to continuously improve user experience.

Today, Didi’s listing process has begun, but it will take more time to wait for these new businesses to grow into the next “ace” besides online car-hailing.

(Original article by Sohu Technology, please indicate the source for reprinting)

Suzhou Bay is located between Wuzhong and Wujiang District in Suzhou. It is surrounded by the beautiful scenery of Taihu Lake. The modern city name card of Suzhou Bay, “Taihu New City”, which is mainly created by the local area, is gradually taking shape. This is not only an eco-tourism resort integrating tourism, sightseeing, sports and leisure, but also a highly concentrated antique block of pocket town. This is Shengjiashe Old Street, which has a history of nearly a thousand years, carries the memory of Wujiang, and has witnessed the rise and fall of Wujiang. Despite the passage of time and the changing times, the charm of the old street has not disappeared. Now it has been completely renovated and repaired as before, maintaining the typical Jiangnan water town style with white walls, black tiles and river streets adjacent to it. Shengjiashe (she), also known as Shengjiashe, is located on the south side of Wujiang Old Town. “She” and “she” both mean villages. In Jiangnan history, there are many villages called she or she. There are mainly families surnamed Sheng. As early as the Hongzhi and Zhengde reigns of the Ming Dynasty, the priest Shengcan returned to the countryside from officialdom and settled on the banks of the Wusong River in Wujiang. Later, the descendants of the Sheng family lived here for generations, hence the name. Tracing back to history, the old streets of Shengjiashe have accumulated a thousand years of cultural heritage. Although there are no such old streets as Wuzhen and Xitang, this is an antique street in Wujiang City that fully retains the historical features of the late Qing Dynasty and the Republic of China. It still maintains the parallel river and street. The historical pattern and the architectural style of Zhenshui Renjia. In the old days, Shengjiashe was the most prosperous area in the Wujiang area. On the old streets and along the river, merchants gathered and the event was extraordinary. There were various teahouses, pharmacies, and department stores. There were many famous and time-honored shops in the area, and all businesses were flourishing. Nowadays, after upgrading and reconstruction by the local government, the old is restored. Strolling in the old district of Shengjiashe, there are many shops and houses in the same style. Visitors can encounter the strong traditional Jiangnan style, pavilions, small bridges and flowing water, silk cheongsam…it makes people feel like walking into the old days. Coming to Shengjiashe Old Street, walking in the quaint Jiangnan ancient street, visitors can browse various specialty shops, buy silk products and cheongsam, etc., or check in various simple and fresh, with great Jiangnan cultural charm. Scenery, leaving beautiful photos. There are not many tourists in Shengjiashe Old Street, and the environment is quiet and quiet. It is very suitable for walking slowly and exploring various good stores. In a small alley of Shengjiashe Old Street, there is a “treasure bookstore” hidden in Shima Bookstore. It is not so much a bookstore, but it is more of a public cultural space. It is full of strong cultural atmosphere. The roof is Words and calligraphy in various fonts, books with fragrance of ink are on the shelves, and there will be salons, reading clubs, lectures and other cultural activities here. People can’t help but “keep your heart and stop here” and let your soul immerse yourself in reading. In between, apart from impetuousness, enjoy peace of mind. There is also a very special place in Laojie called “Jade Space”. This is a special cultural space integrating theater, inn, coffee break, and restaurant. Its founder is Li Yugang. He perfectly combines art and life, walks into the space, one step at a time, and full of Zen. The whole space is based on the combination of “heartlessness” and renunciation. It is antique, with elegant artistic conception, and the design and furnishings are extremely exquisite. The piano, chess, calligraphy, poetry, wine and tea are all uniquely interpreted and presented here, full of Chinese style quality Life is refreshing. In particular, tasting an exquisite Chinese delicacy here is a double enjoyment of vision and taste. [Original works, reprinting is prohibited, infringement must be investigated]Please pay attention to me and share more exciting trips with you

Consumption and happiness I shop therefore I am

Status: 13.06.2021 10:26 a.m.

Business is up again. For many people, the lockdown was like withdrawal, because shopping can trigger feelings of happiness like drugs. But is less maybe more – and does it even make it happier? By Ilyas Mec and Sandra Scheuring, MR According to the Federal Statistical Office, an average household in Europe has around 10,000 things. 100 years ago, the average German household had 180 things. It is estimated that almost three million people in this country live in a household with three cars or more. There are two million old cell phones in drawers. This list could go on: TVs, clothing, decorative items, household items are constantly increasing and far exceed the number of things that we really need. Obviously, ruffling is an instinct that was created in human evolution. Owning things reliably ensured survival. Buying triggers a feeling of elation, at least in the short term. It can even turn into a real addiction, shopping addiction. Those who consume are also looking for confirmation, wanting to belong – it’s about keeping up, but also about demarcation and the expression of individuality. Buyers are often at the mercy of their instincts. Two thirds of all purchase decisions are made spontaneously in the store, as so-called impulse purchases.

06/11/2021

The tea light phenomenon

Marketing strategists and advertising professionals use these behaviors to encourage people to buy. A walk through an Ikea branch shows how perfected the craft of seduction can be. It seems impossible not to buy anything. A pillow here, a carafe there, and finally tealights. We use them spontaneously, even if we have had such products at home for a long time. Why? “It can be a purely functional need on the one hand, but also an emotional one on the other hand: I want it to be more comfortable, I just want it to be nicer,” says Janet Wittmaack, deputy branch manager of Ikea in Frankfurt. The psychologist Jens Förster points out the disadvantage: the kick when shopping is always gone very quickly. “If you really want to spend money, adventure goods are a good choice, things like traveling,” says Förster. The memory remains, “and that makes you happier in the long term”.

05/18/2021

Consumer trend minimalism

An entire industry is now propagating the opposite. Because owning a lot is no longer so en vogue today. Owning little, but having the right thing for it, is a megatrend. The Japanese bestselling author Marie Kondo, for example, who is also known as the “Queen of Minimalism”, sells items for a minimalist life in her online shop. Otherwise she writes guidebooks on how to make tidying up and sorting out happy. Birgit Blättel-Mink is a professor of sociology at the Goethe University in Frankfurt and conducts research on consumer issues, among other things. Instead of abstaining from consumption, there is often just a shift in consumption, she believes: “If someone says I do without clothes, I don’t really need that much – then we often observe something like a so-called rebound effect. So I save here. I can for that I can afford more on another side. ” In such cases, it may not be a matter of profound change or more sustainability, but rather a “subjectively good conscience”. Then there are only three very expensive shirts instead of ten cheaper ones. You have to be able to afford minimalism as celebrated on Instagram and Co.

05/10/2021

Consumption is the work of others

Consumption is a prerequisite for our economy to run. If everyone renounces consumption, it would be a disaster, says Adalbert Winkler, economist at the Frankfurt School of Finance and Management. He is researching the consequences of the corona lockdown. “Those who offered goods and services had no income, and if the state hadn’t helped with transfer payments, then this drop in income would have meant that these people would not have been able to consume either, which in turn would have affected everyone else,” says Winkler . “We would have gotten into a dramatic recession.” In a nutshell, this means that if everyone lives ascetically, there is a risk of economic ruin. It is relatively easy to promote abstinence if your own income is not burdened. So what now? Living in a very spartan way and doing without consumption does not seem to be a solution either. Just as minimalist, elitist buying behavior is not an option for society at large. For most people, thinking about how you consume cannot be wrong. This includes the insight that the happiness rush when shopping is only short-term. And many things can quickly become a burden – when the basement is full and you have to ask yourself: where do you put all that stuff?

JD Cloud released 618 ten major technology application trends for the first time

On June 15, Dr. Mei Tao, Vice President of JD Group and IEEE & IAPR Fellow, released the top ten technology application trends of JD Cloud 618, covering C2M reverse customization and intelligent customer service that understand users better; and multi-modal content generation of products. Anti-counterfeiting traceability with blockchain; intelligent supply chain decision-making, integrated supply chain and virtual digital people that understand more scenarios; and stronger infrastructure guarantees, namely, a privacy computing platform that supports ultra-large-scale data integration, and cloud-based hybrid digital Infrastructure and liquid-cooled data centers.

Ponton: In fact, the large-scale implementation of the ten major technology application trends on JD 618 is inseparable from the guarantee and escort of JD Cloud. It is foreseeable that JD 618, under the ten major technology application trends, will form the same frequency resonance on the consumer side and the industry side. The integration and development of the physical industry and the digital and intelligent society supply chain will not only bring consumers a new shopping experience. Experience can also bring efficiency growth far beyond expectations to brand merchants and others.

IFLYTEK: iFLYTEK’s current open platform is mainly related to digital advertising business

HKUST Xunfei stated on the investor interaction platform that Xunfei’s open platform provides core AI capabilities to the entire industry, focusing on the strategy of free + support, basic capabilities are free, and charges for personalized customized services that other companies cannot do. At present, the relevant income is mainly digital advertising business.

Howie: Because it is similar to BAT’s existing business, it is difficult for Xunfei to sell open platforms based on voice technology as PaaS and SaaS. Of course, this is also related to Xunfei’s headquarters in Hefei. Coincidentally, the advertising business as the main source of income at this stage is quite a bit of Tencent’s return to the to B business when it turns to the industrial Internet, or it implies that the way out is self-evident.

Netflix series with Spotify as the background will be launched in 2022

Video streaming platform Netflix announced that it will shoot a series based on the stories of audio streaming platform Spotify and its two founders Daniel Ek and Martin Lorentzon… The plot revolves around how a small Swedish company from Sweden became a global leader This series is expected to go online in 2022.

cheese: This kind of pseudo-documentary of Internet entrepreneurship, in the present when the contradictions of various companies are less and less on the table, may not be able to surpass “Social Network”, of course, this is also related to the dramatic experience of the founder. But what is interesting is that, as the leader of video streaming media, Netflix invests in filming the entrepreneurial history of the leader of audio streaming media, which is quite sympathetic.

Sun Shu, CEO of Didi Car-hailing: Trial morning rush carpooling in some cities with zero commission

#sound#

Sun Shu, CEO of Didi car-hailing, issued an open letter in response to the problem of Didi carpooling, and announced the pricing rules in the carpool scenario. Sun Shu also said that starting from June 14th, Didi will try out the “Morning Peak Zero Commission” plan from 7 am to 10 am on working days in cities such as Taiyuan, Nanjing, Yantai, and Shaoxing, and it will gradually cover the whole country.

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Like how he surprised, this press conference was no exception. Accordingly, from June 14, many people “fall back” when they received the notice of the CEO of this tens of billions of dollars in the status line on their personal Facebook: “Press conference will be held tomorrow Tuesday, June 15, 2021 on YouTube broadcast at 9:00 AM – 11:30 AM “. Mr. Nguyen Vu Quoc Anh, General Director of Auto Investment Group in an online “press conference”. The CEO’s online “press conference” attracted hundreds of views at the same time with the same number of comments. Most of them are people out of curiosity, want to see how. The content of the comments were all encapsulated in the advice of Nguyen Vu Quoc Anh “to be confused, less explosive, less delusional”. Some people also think that the CEO of Auto Investment Group is “crazy” when holding a press conference but only monologues with the computer. At the beginning of the story, Nguyen Vu Quoc Anh shared the company’s “great” ambition with the desire to digitally transform businesses and state agencies as well as individual business households; oriented to become a technology corporation representing Vietnam to the world to compete with other illustrious corporations to bring foreign currency to Vietnam. “This year’s revenue is expected to be about 10,000 billion from July to December. Since we have not been able to promote the markets of India, the US and China, I have not been able to open it yet, at the end of this June I will open the markets. this to bring in revenue for our market.Of course people think the number is huge but to me it is nothing. In 2022, I have to bring in 1 billion USD, don’t say our corporation is a startup, I am not a statup, if you think I am a startup, you are wrong. We go 500 times faster than the startup, next year’s revenue of 1 billion USD is not big for me, only approximately 25,000 billion VND. By 2023 – 2025 trying to bring in 30 billion USD, this number is formidable. We will cover 250 countries… In 2025-2027, the revenue is 50 billion USD, this number is really not small but also not big with our vision. In 2025, we will build a financial business center and automatic replication in Vietnam, if it is favorable, we will build 17 buildings representing 17 of our companies. Investment capital is about 30 billion USD, I said I will make it. CEO Auto Investment Group promises. The online “press conference” of the “big CEO” attracted hundreds of views at the same time with the same number of comments. With these huge numbers, it seems that everyone will pay special attention, but most followers just want to know how much money Anh’s huge corporation has “stored” in the account. However, his answer was once again shocking: “I have a lot of gray matter, I don’t have money right now, but if I have gray matter, I will have it all” . To make the argument convincing, Mr. Nguyen Vu Quoc Anh mentioned potential investment sources that can be easily mobilized: “Please Mr. Hai, Mr. Ba, Mr. Tu, Mr. Nam (big businesses in Vietnam) to support his brother, each person contributing a few billion dollars to the youngest brother is also an ok number… I want you alone. youngest brother, I wish my parents were the State. My brother and I are the big men of Vietnam who have the support of the youngest, of course we go out and play with them. It’s as simple as that.” For more than 1 hour “hosting the online press conference”, the information “remains” in the followers that this is an 8X CEO with “superior talent”. Because, through the information shared, it can be confirmed that at the moment, Nguyen Vu Quoc Anh does not have much. According to the research of PV VTC News, the Global Auto Technology Investment Group Joint Stock Company has its head office located on the 46th floor, Bitexco Financial Tower building (2 Hai Trieu Street, Ben Nghe, District 1, Ho Chi Minh City). .HCM). This company has 3 founding shareholders, in which Mr. Nguyen Vu Quoc Anh contributed VND 499,998 billion and 2 other individuals contributed VND 1 billion each, Nguyen Thi Diem Hang and Luu Huu Thien. The comments are all encapsulated in the advice of Nguyen Vu Quoc Anh to “be less confused, less explosive, less delusional”. Immediately after the announcement, this information immediately attracted the attention of many people. Because with the above charter capital, this enterprise is far ahead of the leading economic groups in Vietnam at the moment. However, according to the actual research of PV VTC News, the office address on the 46th floor, Bitexco Financial Tower building that Mr. Nguyen Vu Quoc Anh registered the company’s headquarters in is a virtual office. This office is currently operated by Compass Office (an enterprise specializing in providing virtual and serviced office rental services). Currently, the group’s only location is the private house of the CEO of 8X himself, an old grade 4 house on 3rd Street (Neighborhood 2, Phuoc Binh Ward, Thu Duc City, Ho Chi Minh City).

Sales increase The chemical industry is raging

As of: 06/09/2021 3:54 p.m.

The third largest German branch of industry has reached the pre-crisis level again. After growth in the first quarter, the chemical industry raised its forecast for the year. The pharmaceutical business in particular is doing better than expected. Despite the rise in raw material prices and delivery problems, the German chemical industry continued on its growth path in the first three months of the year. As announced by the German Chemical Industry Association (VCI), the sector increased its sales by 1.1 percent to 51.3 billion euros compared to the same period in the previous year. Production increased by 0.8 percent. Compared to the fourth quarter of 2020, sales growth was even 3.6 percent.

Again above pre-crisis levels

With the sustained upward trend, the third largest German industrial sector – after the car and machine builders – has already compensated for the corona dent. Production and sales are now back above pre-crisis levels. Above all, exports to EU countries increased. In addition, there was the increasing demand from Asia. The chemical industry was also able to grow in the German home market – thanks to higher prices.

“Hope for a good year in chemistry”

VCI President Christian Kullmann, who is also the head of the chemical company Evonik, was delighted with the development. “The first few months give hope for a good year in chemistry,” he said. “The demand for chemicals and pharmaceuticals is increasing.” The industry association is now even more optimistic about the year as a whole. For 2021, the VCI predicts sales growth of eight percent and an increase in production of 4.5 percent. So far, a plus of five percent in sales and an increase of three percent in production had been forecast.

“The demand for chemicals and pharmaceuticals is increasing.” – VCI President Christian Kullmann Image: picture alliance / dpa

Price increases and corona vaccines as drivers

Strong price increases for the chemical and pharmaceutical products manufactured should make a significant contribution to this. The association is anticipating 3.5 percent higher prices for the year as a whole. The chemical industry is also benefiting from the corona vaccine boom. There are numerous suppliers for the vaccines from BioNTech, Moderna & Co, including Evonik and Wacker Chemie. You act as a technology supplier or as a contract manufacturer.

Worry about delivery bottlenecks

Only supply bottlenecks for materials and intermediate products are dampening the good mood in the chemical industry. “They are now affecting the operational processes of every second company,” warned VCI President Kullmann. However, the situation should ease again in the course of the year. In March, the blockade of the Suez Canal interrupted the supply chain from Asia in the chemical industry. Around 16 percent of chemical imports and 18 percent of exports take this route.

Huge green electricity demand for climate neutrality

In addition, the more stringent climate protection targets are making the industry difficult. “The way there remains in the fog”, said recently Wolfgang Große Entrup, General Manager of the VCI. “For the new goal, our industry needs more electricity than Germany currently consumes overall – as green electricity.” If the industry does not get competitive prices for electricity from renewable energies, it will not manage the energy transition. In spring 2020, the association presented a study in which it considers climate neutrality by 2050 to be technically feasible. For this, however, enormous additional amounts of green electricity are required. By the mid-2030s, the chemical industry’s electricity needs will increase more than tenfold. In addition, the electricity price would have to drop to four cents per kilowatt hour, demanded the VCI. The industry currently pays between eight and ten cents per kilowatt hour.

BASF is pushing ahead

VCI President Kullmann considers the renewed tightening of climate protection targets and the more rapid increase in CO2 prices called for by the Greens in their election manifesto as “irresponsible”. At the annual chemistry conference of the “Handelsblatt”, he warned that those who shackle the industry put the ax to their transformation. Good politics are based on incentives and not on bans. BASF is one of the first chemical companies to commit to reducing greenhouse gas emissions to zero on a fixed date. The people of Ludwigshafen want to become climate neutral by 2050. Among other things, one should help huge wind farm in the North Sea that BASF is planning together with RWE . The plant with a capacity of two gigawatts is to supply the Ludwigshafen chemical site with green electricity from 2030.

Software business revenue maintained rapid growth. From January to April, my country’s software industry completed software business revenue of 2571.9 billion yuan, an increase of 25.0% year-on-year, and the growth rate dropped by 1.5 percentage points from January to March. The compound growth rate in the past two years was 11.7%. Figure 1 Software business revenue growth from 2020 to 2021 from January to April The growth of total profits slowed down. From January to April, the industry realized a total profit of 288.5 billion yuan, a year-on-year increase of 20.5%, a decrease of 5.4 percentage points from January to March, and a compound growth rate of 8.5% in the past two years. Figure 2 The growth of the total profit of the software industry from 2020 to 2021 from January to April Software exports grew steadily. From January to April, the software industry achieved exports of US$14.9 billion, a year-on-year increase of 14.5%, basically returning to the level of the same period in 2019. Among them, the export of outsourcing services was US$4.06 billion, a year-on-year increase of 22.3%; the export of embedded system software was US$5.86 billion, a year-on-year increase of 8.2%. Figure 3 The export growth of the software industry from 2020 to 2021 from January to April The number of employees has increased steadily, and the growth rate of total wages has increased slightly. From January to April, the average number of employees in the software industry in my country was 7.11 million, an increase of 5.8% year-on-year, and the scale increased by 140,000 from January to March; total wages of employees increased by 11.0% year-on-year, an increase of 0.4 percentage points from January to March. The compound growth rate in the past two years is 5.6%. Figure 4 The growth of total wages of software industry employees from 2020 to 2021 from January to April 2. Operation status by field Software product revenue grew steadily and rapidly. From January to April, software products achieved revenue of 682.3 billion yuan, a year-on-year increase of 23.5%, an increase of 0.1 percentage points from January to March, accounting for 26.5% of the industry’s revenue. With the continuous release of favorable policies in the field of intelligent manufacturing and the demand for industrial informatization and intelligent upgrading and transformation, the revenue of industrial software products reached 62.8 billion yuan, an increase of 22.3% year-on-year and an increase of 1.4 percentage points from January to March. Revenue from information technology services maintained rapid growth. From January to April, information technology services achieved revenue of 1,622.2 billion yuan, a year-on-year increase of 26.8%, a drop of 2.4 percentage points from January to March, and accounting for 63.1% of the industry’s revenue. Among them, with the continuous expansion of online education, telemedicine and other applications, cloud computing and big data applications accelerated, the two achieved a total revenue of 227 billion yuan, an increase of 26.8% year-on-year, accounting for 14.0% of information technology service revenue; e-commerce platform technical services The revenue was 20.1 billion yuan, a year-on-year increase of 26.4%; the IC design revenue was 62 billion yuan, a year-on-year increase of 19.6%. Revenue from information security products and services has accelerated growth. With the acceleration of domestic digital transformation, the importance of information security has increased significantly. From January to April, information security products and services achieved a total revenue of 38.4 billion yuan, a year-on-year increase of 28.4%, an increase of 3.6 percentage points from January to March. The growth rate of embedded system software revenue was steady but slow. From January to April, embedded system software realized revenue of 228.9 billion yuan, a year-on-year increase of 17.4%, and a decrease of 3.3 percentage points from January to March. Figure 5 The proportion of the software industry’s classified revenue from January to April 2020/2021 3. Operation by region The income of the software industry in the northeastern region has increased rapidly, and the growth in the central region has been outstanding. From January to April, the eastern region completed 2,125.8 billion yuan in software business revenue, a year-on-year increase of 26.1%, down 1.3 percentage points from January to March, and 1.1 percentage points higher than the national average. Under the influence of the low base of the previous year, the central region completed software business revenue of 974 yuan, a year-on-year increase of 26.4%, an increase of 1.7 percentage points from January to March, and 1.4 percentage points higher than the national average. The western region completed software business revenue of 291.7 billion yuan, a year-on-year increase of 19.5%, a drop of 4 percentage points from January to March. The Northeast region completed software business revenue of 56.9 billion yuan, a year-on-year increase of 12.7%, an increase of 1.4 percentage points from January to March. The software business revenue of the four regions accounted for 82.7%, 3.8%, 11.3%, and 2.2% of the total national revenue, respectively. Figure 6 Software industry revenue growth by region from January to April 2021 Major software provinces continued to grow rapidly, and some central and western provinces and cities grew rapidly. From January to April, among the top 5 provinces in software business revenue, Beijing, Guangdong, Jiangsu, Zhejiang, and Shanghai had software revenue of 541.8 billion yuan, 493.4 billion yuan, 355.4 billion yuan, 228.5 billion yuan, and 186.7 billion yuan, respectively. Increased by 43.8%, 19.4%, 22.9%, 16.1% and 30.5%, the total software business revenue of the five provinces and cities was 1805.8 billion yuan, accounting for 70.2% of the country’s proportion, which was 2.3 percentage points higher than the same period last year. Due to the small total volume and low base, the software business revenue in the five provinces of Guizhou, Hainan, Shanxi, Yunnan and Guangxi increased by more than 50% year-on-year. Figure 7 Growth of the top ten provinces and cities in software business revenue from January to April 2021 The revenue of the software business in central cities has grown steadily, and the growth of total profits has slowed down. From January to April, 15 sub-provincial central cities across the country realized software business revenue of 1383.5 billion yuan, a year-on-year increase of 19.2%, and a decrease of 2.6 percentage points from January to March, accounting for 53.8% of the national software business revenue, accounting for the same period last year A decline of 1.7 percentage points. Among them, the year-on-year growth rate of Harbin and Ningbo’s software business revenue was 11.1 and 0.9 percentage points higher than the industry-wide revenue growth rate, respectively. The total profit of the software industry in central cities was 165.4 billion yuan, a year-on-year increase of 15.1%, and a decrease of 9.3 percentage points from January to March. Among them, Ningbo, Harbin, Xi’an, Shenyang, and Guangzhou recorded a total profit growth rate exceeding the industry average. Figure 8 The growth of software business revenue in sub-provincial central cities from 2020 to 2021 from January to April

Mr. Goosdeel affirmed that this situation shows that in order to be able to deal with future disasters, it is necessary to quickly change the perception that drugs are not a problem of only one person, but that it is affecting people. community at large in more ways. In the report, EMCDDA warned that drug addicts now have access to a wider range of drugs, with higher purity. In 2020 alone, 46 new drugs were discovered in the European Union (EU). In the context of many countries imposing restrictive measures to prevent and control the COVID-19 epidemic, whereby, discos and bars must close at night, reducing the drugs used on special occasions. parties such as ecstasy, consumption of some has increased significantly, especially the purchase and sale of the compound benzodiazepine, often prescribed for sedation. In addition, the EMCDDA report also noted that the authorities had seized a record amount of cocaine in 2019, with 213 tons, much higher than 177 tons in 2018, and the number of people who had to detox for the first time as well. Strongly increasing.

As a representative of the photovoltaic power generation platform, e-power is to evaluate and optimize offline distributed household photovoltaic power plants on the chain through big data, blockchain, Internet of Things and other technologies. Users can purchase photovoltaic power plants on the handheld e-power platform and receive power generation revenue. Pocket e-power will provide full-cycle intelligent operation and maintenance services, and power station insurance services to ensure the normal operation of power stations. It solves the user’s worries about not having a roof, and eliminates the process of measurement, installation, filing, and grid connection. The power station can be obtained with one click, and users can earn electricity bills through the handheld e-power platform every day, so that they can earn money every day without leaving the house.

In Pocket e-power users can buy photovoltaics in the mall, one-click purchase can get the power station, users can see the power generation data and income data through the Pocket e-power app every day, and can earn electricity bills through the Pocket e-power platform every day. Pocket e-power has professional personnel who regularly repair and maintain the power station, and the power generation is stable throughout the year, realizing the ideal of one-time purchase and continuous profitability. In addition, all the electricity generated by the photovoltaic power station in the handheld e-power is uniformly repurchased by the State Grid, and the power generation income obtained after the repurchase is then distributed to the users of the station by the platform, and the State Grid will issue the proceeds according to the daily settlement for the users It’s safe, reliable and worry-free. For photovoltaic power generation, Pocket e Power adheres to the concept of harmony between society and people, regulates its own construction, creates an orderly new energy environment, and provides a suitable and good photovoltaic power station platform for the majority of users.

At present, the development trend of the renewable energy industry is good, especially photovoltaic power generation has a lot of room for growth in the future.

Photovoltaic provides a very good means for a country’s energy self-sustainability. Therefore, the development of photovoltaics conforms to the country’s power development trend, and the future can be expected.

Customers are using the electricity customer management system built by EVNICT. Hoang Dung/BNEWS/VNA Specifically, the Corporation promotes the application of digital technology to innovate and improve the management and operation process of the power system; Design experiences to attract more and more customers to interact on digital channels, enhance analytics to understand customers. The Corporation also improves processes, optimizes corporate governance, enhances governance and data-driven decision-making; Build a digitally savvy, conscious and skilled workforce. At the same time, build a strong and flexible digital ecosystem, maximize shared services and data, and enhance security. This transformation, according to EVNSPC’s General Director, aims to improve management capacity and efficient exploitation and operation of the power grid; improve the quality of customer service in the field of electricity business. Besides, improving project management capacity in the field of construction investment; improve internal management capacity; improve telecommunications infrastructure capacity, apply digital technology platforms. In order to carry out the set tasks, EVNSPC has developed specific plans and solutions. One of the remarkable solutions being implemented by the Corporation is the successful deployment of interconnected and integrated shared applications of the Electricity of Vietnam (EVN) according to the roadmap, and at the same time studying develop specific software to meet the requirements of sustainable development of EVNSPC. Along with the coordination to complete the overall monitoring system of information technology and telecommunications infrastructure, used exclusively as a capacity building tool for management consulting and administration on the application and development of science and technology in Vietnam. At all levels throughout EVNSPC, the Corporation also ensures information safety and security at all levels, meeting the readiness for the digital transformation roadmap for the period 2021 – 2022./

Protection of the world’s oceans Hope for the “Blue Economy”

As of: 06/08/2021 12:59 p.m.

The seas are at risk from climate change, pollution and overfishing. But gradually a rethink is also beginning in the economy – the protection of the oceans is recognized as a business. From Notker Blechner, tagesschau.de Sometimes an accident can lead to a complete change in life. For example with Emily Penn. The architect and passionate sailor had her aha experience on a boat trip from Great Britain to Australia. “One night all the passengers woke up to a loud bang,” she says. “Our ship had rammed a plastic mountain – in the middle of the ocean, away from any civilization.” Since then, Penn has been committed to protecting the oceans, giving lectures, organizing events and doing research expeditions to find solutions to the fight against the plastic flood in the oceans. Penn is known as the “advocate for the seas”.

Shoes, sunglasses and backpacks made from ocean trash

The marine activist is encouraged by increasing business initiatives against plastic waste pollution in the oceans. Several companies and start-ups have developed methods of making new products from marine litter. Adidas offers shoes and jerseys made from recycled “ocean plastic”. Other manufacturers are making new sunglasses, backpacks and skateboards out of marine plastic waste. Even the Dutchman Boyen Slat, founder of the start-up “Ocean Cleanup”, now sells sunglasses with frames made from recycled ocean plastic. “Ocean Cleanup” collects plastic waste on the open sea with ships. The Italian Giulio Bonazzi has managed to make a special fiber – Econyl – from old fishing nets, which is used for tights and bikinis. Bonazzi calculates that every ton of Econyl saves six tons of carbon dioxide.

Marketing gimmick?

Environmentalists warn against being misled. Products made from ocean plastic are often a marketing gimmick and misleading. In some of them there is hardly any plastic waste from the oceans, according to the WWF. Nevertheless: The fight against the mountains of plastic has now begun in business and politics. The G20 states have announced that they will ban plastic waste from the world’s oceans by 2050. It is currently estimated that around 13 million tons of plastic waste end up in the oceans every year.

14 coastal countries are leading the way in marine protection

The pictures of polluted beaches after tankers leaked like now back in Sri Lanka show how important global marine protection is. A total of 14 countries, including Australia, Canada, Japan, Indonesia, Mexico and Norway, have come together in a kind of “Ocean Panel” and have committed to sustainably managing their national waters in the future. “For too long we have made the wrong choice between marine protection and production,” admits Norway’s Prime Minister Erna Solberg, co-head of the Ocean Panel.

Danger to the species: A sea turtle that has become entangled in a drifting net. Image: picture alliance / AP Photo According to a study that was published in the journal “Nature” at the end of March, hundreds of millions of CO2 could be saved through marine protection. So far, not even three percent of the world’s oceans have been strictly protected. The study’s authors see the greatest potential in restricting bottom trawling. This controversial fishing method involves ships pulling a net across the ocean floor. The living beings on the ground are destroyed, plants are uprooted and spawning grounds for fish are destroyed. In addition, the agitation of the seabed releases organic carbon compounds and converts them into climate-damaging CO2.

Great potential for CO2 savings

The Ocean Panel has proposed several measures to promote marine and climate protection: In addition to carbon storage in the seabed, the panel recommends sustainable fishing and aquaculture, the expansion of offshore energy in the sea and ocean-compatible transport. According to calculations, this could reduce carbon dioxide emissions by a fifth, trigger investments of over 15 trillion dollars and create 12 million new jobs. Indeed, there is a gradual rethinking of the maritime economy. The International Maritime Organization has mandated stricter sulfur emissions values ​​in 2020. Instead of using heavy fuel oil, the ships now have to run on marine diesel. The only exception: ships with so-called scrubber exhaust gas cleaning systems are still allowed to use heavy fuel oil. Over 350 container and cruise ships as well as tankers have switched to liquefied natural gas (LNG). LNG contains no sulfur, hardly any nitrogen oxides and 20 percent less CO2. However, the greenhouse gas methane allegedly escapes. “The liquefied natural gas turns out to be a harmful wrong path,” says Nabu in the meantime. Shore power systems have been put into operation in Rostock-Warnemünde and Hamburg so that cruise ships do not need the ship’s diesel for power supply while they are in port.

“Blue Economy” becomes a billion dollar business

Investors such as the DWS fund company from Deutsche Bank have long been interested in the “blue economy”. According to the WWF, the ocean’s annual “gross sea product” is $ 2.5 trillion. This would make the “blue economy” the eighth largest economy in the world. DWS fund manager Paul Buchwitz predicts that the “blue economy” will grow twice as fast as the established economy by 2030. The “blue economy” includes companies that help to reduce marine pollution and curb ocean acidification – as well as those that deal with the sustainable use of marine resources, ecosystems and sustainable fisheries.

Mr. Cong Hau and Mr. Moc Huong hug rare stones Sharing about his hobby of bonsai, Mr. Cong Hau said: “Every day, my garden welcomes a lot of people to visit and buy plants. Most of them are overwhelmed by the beauty of the ancient bonsai trees that I have collected for decades. However, I only share the passion and transfer of trees to those who have a real love, experience in tree care and are especially careful in the care process. Mr. Xuan Truong was transferred by Cong Hau to a hundred-year-old wood incense for 4 billion dong Artisan Cong Hau also shared, the bigger the wood incense, the more years it is because the characteristics of this species grow very slowly. The trunk has many veins, the rougher the stump, the more it shows the enduring strength of the tree against the destruction of time. In addition to its unique beauty, wood incense is also favored by its high medicinal properties. For example, the rosewood flower has a pleasant aroma, is used to make tea with the effect of curing colic and extremely effective hair care. Myrrh root supports the treatment of bone pain, rheumatism, kidney failure. In addition, myrrh fruit is also an ingredient in medicine for stomach pain, liver pain, this is really caused by cold. In particular, the fragrant flower stem can also make drinking water to help brighten eyes and improve skin. At present, Cong Hau’s garden also has the presence of many other rare varieties. He said that he has never ceased to be passionate about this bonsai hobby. In the future, the owner of Cong Hau orchid garden promises to “launch” more unique bonsai works, satisfying the expectations of graves across the country.

If the rice barrel is placed in the wrong feng shui, the family will be in conflict, gradually losing its fortune and failing. But with the right feng shui, fortune and prosperity will overflow. What does feng shui practice say about this? Experts explained that the main food of the Eastern people is rice, especially the Southern people. For them, it is indispensable to have a meal without rice to cook rice, so every house has a jar to store rice. Rice bowls are indispensable utensils in every family’s kitchen. As such an important item, where it will be placed in the kitchen is a question that many of you are interested in. Do not place the rice jar in the East and Southeast direction Some feng shui masters believe that the rice jar is a place to store rice, belonging to Tho, so it is advisable to place the rice jar in the southwest or northeast of the kitchen and keep it close to the ground (must pay attention to moisture resistance). Besides, Ngu Hanh Moc carved Tho, homeowners should not place the rice jar in the South or Southeast direction of the house because it is easy to cause fortune to be damaged, lost, luck is also natural but no more. Never leave the rice bowl empty The ancients believed that the rice jar represented “salary stock”, for fortune as well as the fullness and prosperity of the family, so the homeowner should try to keep the rice jar full. However, in other cases, keeping a little rice in the jar is also considered good fortune. The rice in the jar is no different from the salary that has just come and gone. So, when the rice is almost out, you need to buy the next batch of rice to put in the pot. Materials for making rice jars Science proves that storing rice in plastic containers in the long run is not good for health, and in feng shui, it also does not bring luck to the owner. Accordingly, crockery, pottery and porcelain – belonging to the Earth element are the best, because as a land born fortune, life, prosperity, good. Rice earth and earthenware, ceramics and porcelain will help the earth air to be more auspicious, stable for a long time, making it more durable and stable, bringing good things to the homeowner. The place to keep the rice jar must be clean and discreet According to the traditional customs of the Eastern people, it is to store rice in a closed place. Therefore, the owner should put it in a hidden, discreet corner. If you put the rice jar in a place with a lot of people, it will make it difficult for the scattered fortune to gather, and the family will not enjoy many blessings. The place where the rice jar is kept also needs to be clean and swept regularly. If there is free time, the owner should clean the outside of the rice container so that it looks clean and always new. There are many people who often do not pay much attention to this, but this is what needs to be done to help bring luck to the family. Homeowners need to keep the place where the rice pot is kept clean and clean it regularly. There are many people who often do not pay much attention to this, but this is what needs to be done to help bring luck to the family. The color of the rice container should not be colorful A pot of rice brings good luck to the house feng shui when it is brown or yellow in color because it brings prosperity Earth air. If it is in the olden days, this color is even more popular in many families because it simply brings luck and fortune to family members. * Information is for reference only.

“Computer Vision” technology is capable of warning behaviors such as: Not wearing a mask and not wearing a seat belt. Accordingly, Binh Anh Electronic Technology Development Co., Ltd (BA GPS) began to install the “Not wearing a mask warning” feature for free for some passenger transport units starting from June 2021. . Specifically, this analysis system is connected to the camera on the vehicle to get image data, then AI technology will automatically analyze and send a notification to the transport unit whenever it detects someone not wearing a mask. or wearing a mask incorrectly. The system also ticks green boxes for faces wearing masks and red boxes for faces not wearing masks. The warning system is sent to the transport business unit via software on smartphones and computers if there are passengers. People who do not wear masks are circled in red by the computer and sent an alert to the system Pham Thai Hoa – Technology Director of BA GPS shared: “The technology to process and analyze the necessary information in the photos is called Computer Vision (CV), translated into Vietnamese as Machine Vision. This CV technology is applied by us on the vehicle camera system”. Previously, in mid-May, Tien Phong reflected that surveillance cameras recorded images of many people not wearing masks on passenger cars, even the drivers and assistants. After that, the Ministry of Transport and the Directorate for Roads issued a document to correct this situation.

The survey was conducted in Hanoi and Ho Chi Minh City with the access facilities being pharmacies and hospitals – where the majority of people go first when they have health problems and functional food trading/manufacturing companies. The survey and data processing was conducted from January 2019 to October 2019. Pharmacist Phan Ke Son in the laboratory for the production of purple tricolor nano. The research team surveyed patients or people at high risk of osteoporosis such as the elderly, pregnant women,… living in Hanoi or Ho Chi Minh City; conduct random selection so that there is 1 pharmacy/hospital for each district, then for each pharmacy/hospital, interview 5-7 customers who agree to participate in the study to ensure 40 customers answer interview. The survey subjects are also representatives or people/units producing/trading functional foods in Hanoi or Ho Chi Minh City… The survey aims to find out the supply capacity of manufacturers as well as to find out the competitive market, price and technology of products to support osteoporosis prevention from Quang Ninh three purple sizes, and at the same time, research on the production of products to support osteoporosis prevention. This allows to find out the possibility of providing products to support osteoporosis prevention and the need for technology to manufacture products to support osteoporosis prevention, in order to determine the ability to supply products in the market and search for potential partners. partners wishing to transfer technology to produce products to support osteoporosis prevention. The survey results show that the companies participating in the survey 100% have not yet produced/traded preparations from three sizes of purple, 70% of the companies want to participate in the production/trading of products from three sizes. Violet. In which, 57.2% of companies have production plants. The number of production and research people in the company is less than 50, accounting for mainly (85.71%) and the product production capacity in 1 month is 10,000 products is the highest (57.15%), so the company has equipped and invested in modern and large-scale facilities to serve production. Quang Ninh purple basil tubers. In which, about 55% of companies are expected to supply the market with > 10000 products/month, 20% supply the market with 5000 – 10000 products, the proportion of products that can be supplied to the market is very high. large and the desired cost for a product is 100,000 VND (60%). The price of 100,000 VND belongs to the mid-range segment, everyone can afford the drug. Companies that plan to sell on all channels: retail, online, wholesale, etc. account for the majority (40%), Products sold through stores (directly to consumers) and sales channels. The odd ratio is 15%. Thus, the products of the companies are sold to the market in a variety of channels so that they can reach the people who need to use the products. “Through the survey, we see that the potential for production/business to supply the Quang Ninh market with three size purple products is very large when currently no company/business unit has any products. about three Quang Ninh purple sizes while they have all the conditions for production / business to promote products about Quang Ninh purple products to supply the market in quantity “- Pharmacist Phan Ke Son shared.

Automatic brick production line of Dat Viet Tile Joint Stock Company. Over the years, Quang Ninh province has many policies to support and develop science and technology enterprises (Science and Technology). Up to now, the province has the fourth largest number of science and technology enterprises nationwide, with 18 enterprises and 172 products formed from the results of science and technology research. Sharing about the results of promoting the development of science and technology enterprises, Director of the Quang Ninh Department of Science and Technology Hoang Ba Nam said: The Department of Science and Technology has selected 80 potential enterprises in the area to develop into a successful business. science and technology enterprises. The Department has coordinated with relevant units to work directly with businesses to guide and advise businesses to complete the application for certification of science and technology enterprises. In addition, the provincial advisors support potential businesses in advanced technology chains, new technology transfer, training, management, business operation… to develop new products of high value. competition in the market. 18 enterprises achieved science and technology enterprises in the fields of: industrial production, construction; agriculture, forestry and fishery; medical, pharmaceutical and food processing. With the multifaceted support of the province, science and technology enterprises have boldly invested in technological innovation to improve the quality and value of products; actively invest in research to create new varieties and products with high added value. For example, Dat Viet Brick and Tile Joint Stock Company has applied mechanization and automation, ensuring stable production regardless of seasons and weather. At the company’s factory, the entire process is completely autonomous, the processing of extrusion molds is due to investment in automatic lathes and milling machines; loading and unloading brick products by robots, reducing labor intensity for workers. Deputy General Director of Dat Viet Brick and Tile Joint Stock Company Nguyen Duy Tan said that due to investment in modern technology and equipment, product quality has been improved, the company has exported bricks and tiles to 51 countries and territories. territory. Up to now, the company has won the Vietnam Gold Star Award three times (2012, 2015, 2018); 2014 won the Red Star Award; in 2015 was in the top 500 enterprises with the fastest growth rate in Vietnam. In 2015 won the Silver Award and in 2016 won the National Quality Gold Award… Or Dong Bac Medicinal Plant Cultivation, Production and Processing Co., Ltd. has completed and developed a closed production and processing process from from incubation, rearing to production and processing of products on modern production lines. Currently, the company has nine OCOP certified herbal products and is rated four stars. In 2020, the company has invested more than 10 billion VND in building a pharmaceutical factory that meets GMP standards. Quang Vinh Co., Ltd., after implementing a project to apply advanced ceramic production technology, has reduced the amount of gas by 30% by recovering excess heat in the kiln to dry wood products. In the field of agriculture, Quang Ninh Seed Joint Stock Company is evaluated as a unit that performs well in scientific research tasks. General Director of the Company Tran Thi Hong said: Over the past time, the company has researched, selected, created and tested many varieties of rice, including 14 rice varieties recognized by the Ministry of Agriculture and Rural Development. Many rice varieties of the company have become the main varieties of Quang Ninh and many other provinces and cities. Particularly in Quang Ninh, the rice varieties researched by the company are applied and planted on 39,000 hectares, accounting for 70% of the province’s rice area, the yield increased from 7 to 9 quintals/ha. Thanks to the policies to encourage enterprises to be creative, improve productivity and product quality of Quang Ninh province, many inventions and useful solutions of science and technology enterprises have been applied to production, bringing about effective results. high economic. The invention of the author Dinh Van Giang (Tri Dat Mechanical Science and Technology Co., Ltd.) has been applied to production and commercialization on the market, the product has been present in 63 provinces and cities in the country. and exported to Laos. The invention of the author Dinh Thai Minh (Dat Minh Ha Joint Stock Company) has been commercialized and transferred to coal companies, worth billions of dong. Dat Minh Ha Joint Stock Company’s invention of producing a tarpaulin system for aquaculture has been applied and built into a project under the Intellectual Property Development Program for the period 2016 – 2020 of the National Office of Intellectual Property. wisdom… Evaluating activities to support science and technology enterprises, Director of Quang Ninh Department of Science and Technology Hoang Ba Nam said: The organization of the scientific and technological apparatus has made many changes in the direction of clear people, clear jobs. . At the departments, branches and localities, leaders are arranged to be in charge, assign staff to monitor science and technology of the unit; Annually, proactively propose and incorporate science and technology tasks into professional work programs and plans of agencies and units. Mechanisms and policies to encourage and support enterprises to invest in research, innovation and application of science and technology have actively contributed to helping enterprises improve productivity and quality of products and services. Many enterprises have actively cooperated with science and technology organizations, scientists, and established their own science and technology development funds to carry out science and technology tasks effectively.

Mon Amie is known as a famous tailor shop in Saigon, with more than 30 years of experience in the tailoring industry and all professional and dedicated staff. This promises to be the best place for you to build your own fashion beauty! Help you save time, shorten the way to find the right suit for you. Instead of having to spend time going to the store, choosing ready-to-hang vest models, or having to remodel them to fit because they were not made for you,… Mon Amie business vest tailoring service at Mon Amie will be a great choice, as we can come to your company, business, or even your own home to consult, take measurements and deliver finished products. Hand-selected fabrics, colors, textures and advice on vest designs that are suitable for your body shape, with the type of material you choose, … besides owning a suit that has just been printed with his physique! That is really a perfect thing that you will enjoy when choosing to sew business suits on-site at Mon Amie. What can be compared when you wear a suit to work, go to meet a partner or prepare for an upcoming important meeting when confidence is always overflowing? As a successful businessman, you are not only good but also possess a classy fashion style to prove your courtesy, right? Don’t forget to contact Mon Amie as soon as possible for advice on our business suit tailoring service! Mon Amie High-class Uniforms & Veston Company – Hoang Vy – Hotline: 0968.111.113 – 0968.111.1118 – Email: Contact@monamie.vn – Branch 1: 357 Nguyen Trai, Ward 7, District 5, HCMC – CN2: 114 Ho Van Hue, Ward 9, Phu Nhuan District, HCMC – CN3: 80-82 3/2 Street, Ward 12, District 10, HCMC – CN4: 92D Nguyen Huu Canh, Ward 22, Binh Thanh District, HCMC – CN5: R107-108 Vo Thi Sau, Thong Nhat Ward, Bien Hoa, Dong Nai – CN6: 37A Duong Tu Giang, Ward 14, District 5, HCMC – Wedding Photography Service. – Address: 100 3/2 Street, Ward 12, District 10, Ho Chi Minh City – Hotline: (+84) 849 999 991

As an endangered species in the wild, the import and trade of Asian arowanas in the US is illegal. But in other parts of the world, arowanas are a highly sought after luxury item and completely legal. They are prized by Yakuza gang members in Japan, business magnates in China, and fish collectors in Europe. A single primitive specimen can be more expensive than a Ferrari. From a swamp creature to a luxury item Asian Arowana. For centuries, Asian arowana has been a popular folk dish of Southeast Asians. Outside of local markets in Malaysia, this fish is neither widely traded nor favored. But everything changed in 1975. As wetland habitats in Southeast Asia decline, Asian arowanas begin to decline in numbers. CITES, a treaty restricting trade in endangered wildlife species, has classified the Asian arowana as threatened. This move aims to ban the trade of arowanas for commercial purposes. But according to Emily Voigt, who has spent nearly a decade delving into the story of the Asian arowana for her book, The Dragon Behind the Glass, “That official endorsement is completely counterproductive. It really turned the fish into a limited edition luxury item.” Smugglers in Malaysia began to smuggle Asian arowanas into Taiwan and Japan. In an effort to stop this illegal trade, CITIES has allowed farmers in Southeast Asia to legally breed, harvest and sell Asian arowanas. But again, everything went to a dead end. In the decades that followed, hundreds of arowana farms sprang up across Indonesia and Malaysia. It is noteworthy that these fish all disappeared from the wild. Today, the biggest market for Asian arowana is China. The fish has a “spirit” and the plastic surgery market for fish blooms Emily Voigt said: “It has become a mystical creature that is said to have the power to protect and help you make good business decisions, bringing wealth and prosperity. There are even stories of arowana jumping out of the tank as a warning of bad luck.” To keep their fish aesthetically pleasing, owners don’t mind spending money on “plastic surgery” to satisfy their hobby with eye lifts ($90), chin augmentation ( $60) and tail editing ($60). This belief has turned farm-raised Asian arowanas into an estimated $200 million/year global market. Huge income from trading arowana In the mid-1980s, a printing industry executive in Indonesia named Tris Tanoto quit his job and bought 12 Asian arowanas for $170. With the help of friends, Tanoto bought a small farm in East Jakarta, raising fish in a pond on the property. Experiencing many failures, to this day, Tanoto’s base of operations is one of at least 250 CITES-accredited Asian arowana farms across Southeast Asia. PT Munjul Prima Utama is one of Indonesia’s largest exporters of Asian arowana, especially “Super Red” – a crimson arowana that is very popular with the Chinese because they consider red to represent vitality and good luck. Each year, the company sells about 1,000 of the 7,000 Asian arowanas, generating about $3 million in annual sales. The average is $3,000/fish, but prices can fluctuate based on many factors such as color, origin, fin size and head shape… Tanoto sells 8 varieties of Asian arowana, with prices starting from 1,200 up to $5,500. Tanoto sold a “perfect” Super Red arowana to a Chinese man for $30,000. The extremely rare Asian Arowana can earn 10 times that amount. A Malaysian breeder specializing in albino Asian arowana once sold one of his arowanas for $300k. Instead of going directly to customers, many farms in Southeast Asia sell in bulk to dealers in other countries. Among these agents is David Carr, who runs Planet Arowana. With a passion for arowanas, David Carr moved to Malaysia and spent a year learning everything about this fish from local breeders. Carr says the process works like this: The lake has 20 arowanas (6 males, 14 females). Each female lays 10 to 80 eggs. Every 2-3 months harvest fry (called fingerlings). The fish are shipped to the UK and sold at 4-6 months of age for between $300 and $4k or more each. Carr sells his arowana to buyers around the world. In recent years, Carr said demand has expanded from Asia to the West.

According to Bloomberg, Asia’s richest billionaire Mukesh Ambani has just bought another property in the United Kingdom through Relliance Industries, which he controls. Stoke Park Castle is considered an iconic property in England. This deal is estimated to cost the Indian billionaire £57 million (about $79 million). Photo: Stoke Park. With a fortune of $71.9 billion, Mr. Mukesh Ambani is currently the richest person in Asia and the 13th richest person in the world, according to Forbes. The Ambani family is also known for their lavish lifestyle and willingness to spend heavily on housing, security as well as fashion. Photo: Stoke Park. Stoke Park is an icon of England, with a history of more than 1,000 years, according to Forbes. The property is located on an area of ​​120 hectares (300 acres), about 40 km from the city of London. Photo: Stoke Park. Inside the castle includes a five-star hotel, three restaurants, a guest lounge, spa room, gym, 13 tennis courts and a 27-hole golf course for major tournaments. Photo: Stoke Park. The gym area in the castle has a 15-meter heated indoor swimming pool. In addition, the castle also has 13 tennis courts including 6 grass courts, 3 indoor courts and 4 artificial clay courts. Photo: Stoke Park. Stoke Park has appeared in scenes from James Bond movies and many other films. It is also home to the annual Boodles tennis event, which brings together many of the world’s top tennis players such as Andy Murray and Novak Djokovic. Photo: Stoke Park. The same 27-hole Stoke Park golf tournament has been maintained since 1908. Photo: Stoke Park. The 5-star hotel in the castle has a luxurious, nostalgic royal style. Photo: Stoke Park. The hotel in Stoke Park has 49 rooms with prices ranging from 265 – 1,030 USD/night. A representative of Relliance Industries said that it will expand the entertainment and resort facilities of Stoke Park in the future. Photo: Stoke Park.

This manufacturing company now owns a phone and electronic equipment factory with an annual design capacity of 125 million devices. In the most recent year (2020), VinSmart said it sold 1.95 million smartphones to the market, up 225% compared to 2019 sales (600,000 units). One of the two production components of Vingroup With record-high phone sales, VinSmart also became the third largest smartphone supplier in the domestic market with 12.7% market share. This is the first time a Vietnamese phone brand is in the top of the largest manufacturers and consumers in the market. VinSmart sold more than 1.95 million smartphones to the domestic market and exported 1.3 million units in 2020. Photo: Gemini. Notably, in addition to selling phones in the domestic market, in the past year, VinSmart also for the first time recorded revenue from outsourcing and manufacturing original equipment for foreign partners. In it, the company said it had signed a contract and started exporting smartphones to US carriers and foreign customers, with an output of 1.3 million units last year. Returning to the domestic market, VinSmart has now launched 18 smartphone models in the segments from popular to high-end. In addition, this manufacturer has also begun to expand its product portfolio to other electronic devices such as electronic components, air purifiers, etc. In 2020, VinSmart has also become a partner for manufacturing components. blower components for Medtronic PLC ventilators, exported to the US and Ireland. In addition to the production of phones and electronic devices, VinSmart is also the enterprise in charge of building a technology ecosystem for Vingroup’s real estate projects with three core products, including Smart city (member of Vingroup). smart city), Smart home (smart home) and Smart services (digital services). Currently, VinSmart is the contractor in charge of deploying smart city solutions in all 3 major urban areas of Vinhomes including Vinhomes Ocean Park, Vinhomes Smart City (Hanoi) and Vinhomes Grand Park (HCMC). Manufacturing is not prioritized? In the latest announcement, Vingroup announced that it will close VinSmart’s TV and mobile phone production segments to focus on developing high technology for VinFast. This move follows after Vietnam’s largest private group had to withdraw from a series of previous business activities to focus on industry and technology. In fact, although it is one of the two components forming the production division of Vingroup, VinSmart’s activities are always invested much less than VinFast. Specifically, in terms of both investment scale and business results, VinSmart is still very modest compared to car and electric vehicle manufacturers with the same owner. According to the separate financial report of parent company Vingroup in the first quarter, the original value of Vingroup’s investment in VinSmart is estimated at nearly VND 5,000 billion, an increase of more than VND 2,000 billion compared to the beginning of the year. However, this figure is less than a quarter of the value of Vingroup’s investment in VinFast, reaching VND 22,007 billion at the same time. The scale of investment and production activities of VinSmart is much smaller than that of VinFast. Photo: Hoang Ha. Despite being one of two subsidiaries that received additional capital through direct investment in the first quarter, the value of Vingroup’s investment in VinSmart is currently only fifth and much lower than other businesses like Vinhomes (22,981 Billion); VinFast (22,007 billion); Vinpearl (16,992 billion); Vincomerce Holding (5,928 billion). In previous years, the investment in VinSmart was also in the middle and low group of Vingroup’s long-term financial investments in subsidiaries. Regarding business results, because VinSmart’s operating report has not been published in detail, the company’s revenue and profit is still accounted for in the production department along with VinFast. In 2020, the revenue of Vingroup’s production division (including VinFast and VinSmart) reached over VND 18,000 billion, an increase of more than 80% compared to 2019. In which, the leader of this group said revenue increased sharply in the year. thanks to increased sales of cars and smartphones. However, as planned by the leadership of this group continuously, Vingroup’s production division in the same year had a pre-tax loss of nearly VND 14,000 billion. In the first quarter of this year, manufacturing was also one of Vingroup’s high-growth business divisions along with real estate. Revenue from this activity brought the group a total of VND4,825 billion, up 44% over the same period. However, the business results report by division of Vingroup said that this business segment still has a pre-tax loss of 4,814 billion. With the cessation of smartphone and television production, in the coming time, VinSmart will focus mainly on high-tech development for VinFast and partly on Vinhomes’ real estate projects. In addition, part of the factory will be used to process for partners, the rest will be expanded and adjusted to produce new products.

However, from these part-time jobs, each student has different experiences. Some of you have been cheated by your employer, have a situation where “old ghosts bully new ghosts” … and you are mocked “why do college students do manual work”? That is also the story that a female student has just shared on a social networking forum and received a lot of attention from fans. At the beginning of her story, the hot girl student H oh : “Selling coffee carts is not respectable labor, people?”. The female student chose the job of selling trolley coffee to work part-time, even though it was a genuine job, she was ridiculed by her friends. Illustration Next, the female student recounted that, due to the impact of the Covid-19 epidemic, the economic situation of her parents in the countryside was severely reduced, so the female student found herself a part-time job after school to earn more money. tuition fees for living expenses. The job that the female student chooses is selling trolley coffee, a job that receives a salary that makes her happy, more importantly, that she has just made money without affecting her studies. The story would not be worth mentioning if the female student did not have to listen to the sarcasm and teasing of her classmates about the job the female student is doing. The text of the story is shared as follows: “This year, the epidemic has returned, so my parents are in the countryside, doing live music rental business, but during the epidemic season, no one can organize events or get married to have an income. Just under control, our family receives After a few parties, when the festival came, the epidemic broke out again. If I could not pay the investment debt to buy equipment, I would lose my income because of the epidemic, so my education would also be affected. I see that, so I also want to go to work to help my parents in the countryside. But I still have a busy schedule, so full time is impossible. So I’m looking for part-time jobs. That’s it, I read and found a job that was selling trolley coffee. The work is not very hard, just push the small coffee cart to the corner of the street to sell. With an initial salary of 28k / hour, but one day I sold a lot, so the owner supported me to increase it to 40k / hour. I worked for a few weeks and felt that I could both ensure my schedule and take advantage of my free time to earn extra income, so I’m quite satisfied. And the story should have stopped here, but when I was assigned to sell near my school in Binh Thanh and my guests that day were students in the same course as me. And especially before, I once refused the love of a male friend in that group and until now I still think it was the right decision because even though he is really rich, he is like a beloved son with a series of “favorites”. ” about his feelings on his school’s Confession. Yesterday, it was sunny, but I was still recognized by them. They mocked “I knew you in the past, but now I don’t have to do this hard wholesale” and many sayings sound like nothing, but really, in my situation, I can understand what it’s like to be hinted at. Only “studying in college but going to the street to sell coffee, accepting friends N. is time to go out” is very annoying. Honestly, at that time, I was also a little sorry because I did not have the same conditions as them. But it wouldn’t be sad if today I didn’t hear my friends talking about them going around the school saying “business administration” but selling coffee, mocking me for studying “business administration” at a school. fame without finding a suitable job to do but selling coffee for a walk…. Then my friends also asked if I needed any help… Then when I go to class, everyone keeps teasing me, why don’t you sell coffee anymore, tomorrow get me a few dozen cups and I’ll invite the whole class to drink. … Hey everyone, the ministry of manual labor is not worthy of respect, is it that I go to college to gain knowledge, universities train quality labor, not always training directors and chiefs? where is the room. I do it with my own strength, I wake up at 5 am to prepare, at 5:30 am I have to be at the shop. I do it with my own strength, not cheating or stealing from anyone. Every industry is a profession, it is also a labor. Why do they have a mocking attitude towards people, part-time students like me?”. Immediately after this story appeared on social networks, it immediately received a lot of attention from fans, especially students. A series of comments were made, most of which advised female students to stay confident in what they are doing, to be proud of themselves when they can earn genuine money to support themselves. help parents. “Why do you care so much? I just do what I like, I have to be myself. I don’t care what other people say, as long as it doesn’t break the law it’s fine.” “In the past, when I went to school, I sold burgers, cleaned the toilet, cleaned the office, still delicious. Only someone who has never worked for a living behaves like that, but what makes money without committing crimes? All laws are the same.” “There is nothing funny about doing business with your own labor, thanks to a few small businesses, you have learned a lot of experience, the important thing is that not everyone dares to work hard and show their face to sell like that. !”. “Students in any profession need to be respected and put in the effort to be shameless. Those who are successful, they have also done manual and hard work to get the results they are today. what the gossip in and out of”. Indeed, any profession is worthy of respect, any genuine work is suitable for us to be passionate about. Earning money is not easy, for this reason, when you earn it yourself, you can see how precious it is. For those young people who are fortunate to have a better life, better family conditions, please refrain from criticizing and mocking other friends. Because you can’t know that those words, whether unintentionally or intentionally, will not make you more noble and noble; not to mention will severely hurt those “innocent” friends.

Yangtze Memory Technologies Co (YMTC) factory in Wuhan, China. (Source: Nikkei Asian) Rise of the chip manufacturing business Once a month, senior executives from Yangtze Memory Technologies Co (YMTC) fly to Beijing for a series of meetings with China’s top economic regulators. They focused on the company’s efforts in developing some of the world’s most advanced computer memory chips. Headquartered in downtown Wuhan, YMTC is considered a pioneer in efforts to create the domestic semiconductor industry. YMTC has mass-produced state-of-the-art 64-layer and 128-layer NAND flash memory chips, which are used in almost every electronic device from smartphones to servers to cars. These things help YMTC compete with big players in the industry such as Micron Technology of the US or Samsung Electronics of Korea. Equipment used to make high-end computer chips is mostly imported in the US. Some chip design and manufacturing processes such as etching, ion implantation, electrochemical deposition, design software… are all in the hands of American companies. To manufacture without using American technology is a big challenge for a new company that has been operating since 2016 like YMTC and also represents China’s great ambition in the field of semiconductor industry development. especially after the economic sanctions that the US imposed on China. However, the dizzying rise of YMTC has shown China’s strength in the chip industry. The business started in 2016 and within four years has mass-produced some of the most advanced 3D NAND flash memory chips in the world. The Beijing government also recognizes the importance of developing the semiconductor industry and makes efforts to support these companies. “Competition for chips is increasing as all major economies, not just China, have realized the importance of chips,” said Roger Sheng, a chip analyst at consulting firm Gartner. Semiconductors”. Currently, YMTC, is still in the “target” of the US government. But under the guidance of the Beijing government, they have conducted a review of the supply chain, looking for local component suppliers, or non-US suppliers, to gradually eliminate the country’s dependence on technology. Based in the city of Wuhan, YMTC’s efforts did not stop even when the SARS-CoV-2 virus causing the Covid-19 pandemic wreaked havoc last spring. According to sources familiar with the matter, after Wuhan reopened in April 2021, YMTC mobilized hundreds of engineers stationed inside the production campus, working three shifts a day with the aim of overhauling all production processes and replace as many foreign imported components as possible. Efforts to localize production The effort to localize chip production is an opportunity for a new generation of Chinese chipmakers like YMTC. Chinese President Xi Jinping said in remarks published in January 2021: “We must strengthen self-innovation and make breakthroughs in some core technologies as soon as possible.” According to the Nikkei Asian , plans to end dependence on the US have long been carried out by China and massively invested by the state, but progress is still very slow. For example, the plan to self-produce semiconductors has a target of 70% by 2025. But of the total revenue in 2020, China’s semiconductor manufacturing enterprises account for only 5.9% of sales. domestic products, while foreign companies with headquarters in China account for the rest of sales in the country. According to the Magazine China Stocks , while the threat of sanctions from the US has always lingered, the source of state aid, with subsidies and investments from local governments and the private sector has amounted to at least 170 billion USD since Since 2014 has helped chip manufacturing enterprises to localize production efforts. In addition, orders from domestic technology giants such as Xiaomi, Oppo, Vivo and Lenovo are also the reason their production is guaranteed. The US sanctions are a wake-up call for China’s semiconductor industry. (Source: Nikkei Asian) In fact, the trade war with the US and its sanctions against technology giant Huawei have given the Chinese government an opportunity to decouple from the world’s largest economy. – something they’ve always wanted. The US sanctions seem to have removed the main obstacle for domestic consumers, who always prefer to use chips from foreign suppliers. The manager of a chip maker in China told the site Nikkei Asian : “In the past, domestic chipmakers used only the manufacturing equipment that all the world’s leading chipmakers such as Samsung and Intel use in their production lines. Who wants to use and try new products without being sure of the quality of the production?” However, when sanctions from the US appeared, Chinese manufacturers considered alternatives, and domestically produced chip products were a reasonable choice. The manager emphasized: “It also means that domestic enterprises have really had the opportunity to test and upgrade their products – the goal that the whole country is aiming for.” Roger Sheng, a semiconductor analyst at Research Gartner, found that the US-China tensions confirmed the view that it was necessary to localize production. Now, the whole country agrees that building a semiconductor industry is possible and increasing self-reliance is a top priority. Unbreakable bond? Despite China’s considerable efforts, not many experts believe that the country’s chip sector will be completely separate from the US. The world’s two largest economies are still linked, dependent on each other and also two large semiconductor markets. According to a January report by the Brookings Institution, Chinese businesses account for at least 25% of the sales of most US chip businesses, and not everyone wants to break out of the market altogether. Chad Bown, an expert at the Peterson Institute for International Economics, said the US President Joe Biden’s approach to China was still unclear. On the one hand, the US expects China to buy more chips as promised in recent trade talks but also continues to restrict China’s use of US technologies. Since 2018 to date, a total of 162 Chinese entities have been sanctioned by the Trump Administration. In April 2021, the US Department of Commerce also added seven Chinese “supercomputer” entities to the economic blacklist, to restrict these businesses from using US technology. In reality, it is still difficult to completely decouple the supply of semiconductors, which involve thousands of suppliers from around the world and have been closely intertwined for decades. China may try to reduce its dependence on the United States, but without American sources of technology, it is unlikely to accelerate its technological progress. But Miin Wu, founder and president of Macronix International, a leading memory chip maker in Taiwan (China) that serves Apple, Sony and Nintendo, stressed: “In the short term, due to geopolitical uncertainties China’s technological development may be slowed down. However, in the long run, China will certainly hope to build a competitive semiconductor industry.” (according to Nikkei Asia)

Stylish Hailey Baldwin arrives at a meeting in Beverly Hills. My wife Justin Bieber wore a prominent neon blue blazer with shorts, showing off her long, sexy legs. Before that, Hailey Bieber had experiences about married life with Justin Bieber. “Long Legs” born in 1996 said, the two have been friends for a long time before falling in love. At that time, Justin was 14 years old and Hailey was 12. “Both always know that we match what we want in a future marriage. We talked about wanting to get married at a young age, have a small family and build a life together, now before we even knew we wanted to be together, “Hailey recalls. The beauty said she wants to live forever with Justin Bieber and she is always ready to make an effort because she wants the two to age together. Justin Bieber’s wife does not hesitate to admit to the couple’s conflicts in married life. Especially the pressures on celebrity’s love life. But everything seemed like nothing because she loved her husband so much. More importantly, both she and Justin have faith in each other and their choices.

Tencent News “Periphery” Qi’an Keep, which started as a mobile fitness tool, has been officially launched in February 2015. Almost every round of financing is completed, it can push the financing amount and company valuation of the vertical field to a high point. Keep’s development process can be roughly divided into three stages: mobile fitness tools, a new generation of sports brands, and sports social platforms. After 6 years of development, the scale of Keep’s users has reached 300 million, and more than 6 million people sweat on Keep every day, with 40 million monthly active users. This unicorn, which is valued at US$2 billion and is at the forefront of the industry, has frequently reported IPO trends since 2021. When asked about the listing schedule, Keep is reluctant to respond more, but in the latest report, Keep will submit a prospectus to the SEC at the end of this month at the earliest. The listing time is as early as July, or it may be delayed to November. . According to media reports, Keep’s founder and CEO Wang Ning and other management expect Keep to go public in 2021 at the earliest and 2022 at the latest. Since its birth, the most questioned question for Keep is, what is the profit model? In the past few years, Keep has been exploring a viable commercialization path. At the strategy and new product launch conference on April 21, Keep launched the App 7.0 version, which further clarified the next strategic direction, “quality content, sports technology”. It is not difficult to see that Keep’s exploration of commercialization is beginning to bear fruit. From 1.0 To 3.0 , Keep Groping From payment for knowledge to brand creation, and from online to offline consumption scenarios, every step of Keep’s business iteration seems logical to follow. Keepland is not a successful attempt. In 2018, Keep launched the Keepland business and began to lay out offline sports space. The original intention of Keepland was to make an infrastructure for user experience and coaching training to connect the city and parallel to the content connecting the family. But the good times did not last long. Before 2020, Keepland was forced to reduce its business front because of the high offline costs. Coupled with the subsequent impact of the epidemic, Keepland closed its stores in Beijing and Shanghai one after another. Today, Keepland has only 9 stores left in Beijing. In a recent interview with the media, Keep partner and vice president Liu Dong said that Keepland is affected by the epidemic on the one hand, and Keep’s consumer goods business is developing very fast. In contrast, the offline business process will be slower. Keepland will always do it, but it is more stable compared with other businesses. “In the future, Keep will not shrink Keepland’s battle line, nor will it over-expand,” Liu Dong said. The thinking that Keepland brought to the Keep executive team is that a good coach can determine the full class rate and completion rate, how can we bring a good offline experience to the online, so that the restricted scene space is broken by the Internet? In Liu Dong’s view, Keepland can be regarded as an incubator for the online live broadcast business and coaching team, and the cognition generated offline can be amplified through the Internet. Keepland is just a trial and error when Keep is iterating from version 1.0 to version 2.0. Another detour appeared in the way Keep expands to the apparel category. In Keep’s strategic plan, clothing is an extremely important category of consumer goods. Under the industry background at that time, brands such as Li Ning and FILA were making more design-conscious sports life products, all of which were non-standard products. Keep also followed up and tried. The contradiction is that the cornerstone of Keep walking so far is to accurately grasp the needs of users, and products with a sense of design vary from person to person. In addition, Keep faces users directly through online platforms, with a single channel structure and few fault tolerance mechanisms, unlike traditional ones. Brands have distributors and product selection meetings, and their ability to personalize transformation is insufficient. In the end, Keep returns to functional clothing again, choosing relatively standard categories to reduce the user’s decision-making costs. Keep need one “ Li Jiaqi “ Catalyzed by the 2020 epidemic, users have further awakened their awareness of exercise, and home fitness has ushered in a turning point in the industry. The share price of American family spinning brand Peloton doubled six times within a year, and its market value soared to US$47 billion; the market value of yoga pants brand Lululemon surpassed Adidas to become the world’s second largest sportswear brand; Keep also enjoyed industry dividends through live fitness courses. Achieve substantial growth in DAU and MAU. In January 2021, Keep completed a new round of US$360 million in Series F financing. According to Liu Dong, this round of financing is mainly invested in live lessons, premium content IP, and intelligent hardware AIoT. This year Keep has no new financing plan for the time being. However, fitness live broadcasts are still in the early stages of development. After the platform has received a large number of new users, the next step is to consider how to retain them and lose users as little as possible. Jingjing Huang, vice president of Keep, hopes to create a team of Keep coaches and become a “Li Jiaqi” in the fitness industry, and to improve the commercial monetization ability of coaches through course fees, advertising, and e-commerce delivery. The proportion of Keep female users has always been greater than that of male users. Previously, the Keep fitness class showed a sense of element, which was not visually friendly for female users. Therefore, Keep decided to create a newer content ecological community, and to enhance the female user experience as one of the starting points. On the one hand, Keep has increased its investment in making official self-made IP content. For example, it has launched three new IP courses focusing on the sports needs of female users, namely “temperament ballet”, “hot sweat yoga”, and “fat burning party”, taking into account users’ different sports foundations, Sports preferences and emotional appeals are comprehensively upgraded in terms of motion design, visual and auditory perception. On the other hand, to promote the content supply of PUGC and brand institutions, users can either follow the official courses of the Keep professional system or follow the training courses for masters. Keep content monetization channels are mainly realized through members and advertisements. When assessing the quality of courses and IP, Keep values ​​the user’s stay time indicator and commercialization performance. At present, some IP courses have been added to Keep member rights. In Huang Jingjing’s view, the commercial value of content can be roughly divided into three levels. The first is to help brands reduce the cost of acquiring customers and connect users with the brand through content, which cannot be achieved by pure advertising bombing and sharing with talents. Secondly, content is the foundation of the platform. By providing users with content with a low learning threshold, it can support a certain membership scale. Third, the content itself can bring brand premiums, solve the “deep alley” problem, and achieve higher gross profit results. The problem is that online courses are Keep’s highest profit margin products, but on short video platforms such as Douyin and Kuaishou, a group of fitness KOLs are growing. They publish free fitness content, which makes it easier to gather fans and develop talents. Bring goods. This is likely to divert users of the Keep platform and affect its mall GMV. Liu Dong said that although Keep’s course presentation format is also a video, it is different from the short video in nature. For the same household, it is not a product to kill time, but a tool with recording functions. The commercialization path shows initial results What Keep, with 300 million users, lacks is not traffic, but the ability to monetize traffic. On March 14 this year, when Adidas announced the establishment of a partnership with Peloton, it mentioned that it would cooperate around Peloton’s high-intensity community attributes. Peloton is taking a road that combines “smart hardware + content”. Its revenue structure consists of equipment (bicycle + treadmill) revenue and subscription content. It will achieve profitability in Q4 2020, with a gross profit margin of 47.6%. The “live course + smart hardware” model of Keep will be available soon, and Peloton is ahead. The industry is curious about Keep. Will it become the next Peloton? Let’s first look at Keep’s revenue composition. It consists of three parts: consumer goods business, advertising business, and membership business, and consumer goods account for more than half, which is higher than the sum of the other two businesses. In 2020, the sales scale of Keep’s consumer products business will exceed one billion, achieving 100% annual growth. The growth of Keep’s consumer products business has not yet reached the ceiling. Currently, e-commerce channels are mainly concentrated on JD.com, Tmall and Keep, but have not yet expanded to other e-commerce channels; Keep can also promote sales growth by establishing live broadcast, community, offline and other distribution channels. Liu Dong told Tencent Technology that three years ago, the scale of Keep’s consumer products was only about 40 million, and three years later, it will reach a scale of 1 billion +, and this growth rate will continue in the future. The realization of consumer products depends on the scale of sales. In contrast, the profit margin of the membership business is higher. Keep has repeatedly released the positive news that the company’s commercialization is progressing smoothly to the outside world. In June 2020, Liu Dong stated that Keep has achieved overall profitability. “The direction of commercialization is very clear, one is sports consumer goods GMV, the other is online services, and ultimately hopes to produce some value-added services in sports solutions.” At this media communication meeting, Liu Dong further explained that the caliber of Keep’s profitability includes the company’s overall operating conditions. Members are high-margin Internet product businesses that can cover Keep’s mid-stage, research and development technology and other cost inputs; and consumer products The eating, wearing, using, and training scenarios covered by the section can increase user repurchase, and currently there are 8 million consumer goods users. For example, users will not buy bicycles repeatedly, but will buy clothing, food and other products many times because of sports. The gross profit of these two parts is higher than that of smart hardware, which is a big increase. This shows that Keep’s business model of membership + advertising + e-commerce is taking shape, and it works right now. But Liu Dong added that whether Keep will continue to make a profit depends on future business plans. The strategy at this stage is to continue to invest. It should be pointed out that among the consumer products that Keep eats, wears, uses, and exercises, GMV has the highest growth rate and share of smart products. The volume of food is small and the sales scale exceeds 100 million. China’s food supply chain market is transparent, and homogeneity is relatively more serious. What Keep can do is to combine food with scenes instead of inventing new products. Jin Yesi, an analyst in the fitness industry, commented that Keep’s monetization model is quite rich. Keep’s membership value-added services are different from other website members, and can form a closed loop of consumption with live lessons, household appliances, and sports consumer goods. (If you are concerned about e-commerce, retail and new consumer brands, welcome to add the author’s WeChat “CQ_Beatles” to communicate. Please note your name, company, and position.)

Intel CEO Pat Gelsinger (Pat Gelsinger) said that the global chip supply shortage may continue for two more years. Kissinger said that the supply constraints will continue until more production capacity goes online to meet chip demand. Data center business is challenged Data center business has become the main source of bad earnings this time. Intel’s financial report shows that the data center group’s revenue in the first quarter was US$5.6 billion, a 20% decrease from US$7 billion in the same period last year. The decline in demand for cloud computing chips and the decline in government and enterprise demand caused by the epidemic have all triggered a decline in data center revenue . As the group’s highest profitability business, the decline in data center profits also dragged down the overall gross profit margin, which fell by 5 percentage points year-on-year to 55.2%. From the industry perspective, Intel is undergoing a transformation from a “PC center” to a “data center”. But in the era when data has become the “new oil”, it is not only Intel that sees the cake of data centers, but Nvidia and AMD are trying to further seize this market through mergers and acquisitions. On the other hand, Intel’s customers in the data center field, Google, Amazon, and Alibaba, have all begun to develop their own chips. “Any customized chip is a differentiated competition for them. For them, the chip is a strategy, not a route choice.” Vice President of Intel Marketing Group and General Manager of China Industry Solutions Department Liang Yali responded to this earlier. On April 8, Intel launched the third-generation Xeon scalable processor and a series of related product portfolios, which were regarded by the outside world as a counterattack to AMD’s attack. Among them, Ice Lake is Intel’s first server chip using 10nm. In addition, in the financial report data, Intel’s personal computer chip business revenue was 10.6 billion US dollars, an increase of 8% over the same period last year. The overall demand for this major notebook computer market has increased. However, it is also worth noting that the past high-end product line cooperation On the other hand, Apple has also begun to use more self-developed chips in the Mac product line. In the entire Intel’s quarterly report, the biggest bright spot is that the autonomous driving system company Mobileye’s revenue rose by 48% year-on-year to 377 million US dollars, and its operating profit rose by 67% year-on-year. “Lack of core” trend will continue At present, the shortage of chips has gradually spread from some links such as foundry, packaging and testing to the entire industry chain, involving multiple consumer fields such as automobiles, mobile phones, and notebooks. As one of the main players in the chip supply chain, Intel claims that the global chip supply shortage may continue for two more years. Prior to this, in order to reverse Intel’s decline in competition in the semiconductor industry, Kissinger proposed the IDM 2.0 plan. In the financial report statement, Kissinger also stated that this year will be an “important year” for Intel. From an industry perspective, Intel represents the IDM (Integrated Device Manufacture) model. The manufacturer is responsible for the entire process of the chip from design to finished product. This model can ensure the integration of the product from design to manufacturing. But in terms of iteration efficiency and cost, the Foundry model represented by TSMC is currently more mainstream. In order to change the current foundry pattern based on TSMC, Intel plans to invest approximately US$20 billion in the construction of two new factories (fabs) in Arizona, the United States. Intel stated that it hopes to become a major provider of foundry production capacity and provide services to customers around the world from the United States and Europe. Research organization TrendForce said that Taiwan Semiconductor Manufacturing Company (TSMC) will begin using the 5nm process to produce Intel’s Core i3 chips in the second half of this year. But judging from the latest news, Intel seems to want to increase its manufacturing capacity centered on the United States in order to reduce its dependence on Asian manufacturers. For Intel at the moment, the biggest problem is that the expansion investment plan may take several years to provide profits for it. In the financial report, Intel expects Q2 revenue of US$17.8 billion, slightly higher than the expected US$17.55 billion; however, the EPS forecast of US$1.05 is slightly lower than expected, and the company explained that it was affected by production capacity expansion expenses. As of press time, Intel reported $62.57 per share. It placed an order of 1.77% on Thursday and dropped 2.17% after the market.

In fact, Siemens’ above-mentioned actions are not surprising, because all of these are traceable. Siemens has been conducting 5G testing and research at its automotive testing center in Nuremberg. It also created its own 5G private network infrastructure in Amberg and Karlsruhe: In these places, Siemens is completely dependent on its own independently developed products and solutions. Established manufacturers frustrated and exit Siemens’ telecommunications history can be traced back to the 19th century, when the company began manufacturing telephone exchanges (before that, telegraph equipment was manufactured). It has existed for a long time in the telecommunications industry like its Finnish counterpart Nokia. The fate of Siemens and Nokia are also very similar. This starts with it giving up the mobile phone business. In 2005, Siemens sold its struggling mobile phone division to BenQ and licensed its mobile phone brand to BenQ for five years. This transaction was interpreted by the media at the time as a “snake swallowing elephant”, indicating that in the market at that time, Siemens The mobile phone business has a pivotal position. It is reported that BenQ is a Taiwanese company that produces BenQ-Siemens mobile phones in its German subsidiary (filed for bankruptcy in 2006). After the acquisition of Siemens’ mobile phone division, it did not bring business growth to BenQ, but became a “hot potato”. In fact, in 2004, the Chinese mobile phone market entered the “Ice Age”, but Siemens is still following the steps and keeping track of the old ways. The speed of introducing new technologies and new functions is always slow. In the ever-changing mobile phone market, it can only be killed. Caught off guard. If the abandonment of the mobile phone business is understood as Siemens’ broken arm, then the transfer of all shares of “Nosi” will completely “kill Siemens” in the field of communications. In June 2006, Nokia and Siemens merged the telecommunications equipment business of the two companies to form Nokia Siemens Networks. Both parties invested 50%, and the total transaction amount reached 25 billion euros. In April 2007, Nokia Siemens Networks officially put into operation, once occupied the world’s second largest manufacturer of communications equipment, second only to Ericsson. In 2013, Nokia will acquire all shares of Nokia-Siemens Networks held by German Siemens at a price of 1.7 billion euros (approximately 2.2 billion US dollars). After the acquisition, Nokia-Siemens Networks became a wholly-owned subsidiary of Nokia, and “Siemens” was removed from the company’s name, and the company’s headquarters remained in Finland. For the next eight years, Siemens disappeared from the communications field. It was not until the news that Siemens announced its entry into the 5G private network field recently broke that people recalled that Siemens was once a veteran manufacturer in the communications field. Aiming at the 5G private network market According to reports, Siemens has a clear direction for returning to the field of mobile communications, that is, the field of 5G private networks. The reasons for this are also obvious. For smart manufacturing, the deployment of local private networks is the most common due to delay, control, and security requirements. The private network designed and deployed for enterprise-level users can optimize and redefine corporate business processes, and achieve functions that cannot be achieved by current wired networks and WIFI networks. For industrial users, this private network can meet production-critical applications in the coverage, The business requirements for performance and production safety are the infrastructure of cyber-physical systems represented by Industry 4.0. The strategic importance of private networks has been reflected in 5G research and development. In previous generations of networks, private networks were only additional functions of public cellular systems, but now they can directly rely on 5G networks to achieve future private network requirements. According to the “LTE and 5G Private Network Tracking Report-Fourth Quarter of 2020” released by Omdia, industrial vertical industries account for more than 50% of all LTE and 5G private network announcements. With a history of more than 170 years, Siemens has a strong practical ability and right to speak in the industrial field. If an industrial company that is already using Siemens products and solutions chooses a 5G supplier, it is difficult to say that it will not give priority to Siemens. Because Siemens can use its existing advantages in the industrial market, including know-how, customers, technology and solutions. Everyone is talking about the key importance of understanding vertical industries, and Siemens will be better at these than operators to a large extent, so that it can better serve those key industrial applications. As we all know, Germany is a traditional industrial power, and many industrial giants are paying close attention to the application of 5G in the industrial field, and they have proposed 5G private network frequency requirements to BNetzA very early. In August 2018, Germany planned 3700-3800MHz for regional 5G systems, the purpose of which is to meet the needs of 5G applications in industries such as industrial automation, agriculture, and forestry. Based on the characteristics of the country, Germany regards private network 5G as one of the important models for the development of 5G industry applications. For this purpose, it has deliberately planned mid- and high-band frequency resources, formulated relatively complete frequency management policies and technical specifications, and encouraged enterprises to actively apply. At present, many German companies have formulated 5G development plans and submitted applications for 5G private network frequencies. Siemens has also applied for regional 5G frequencies for six factories and is currently performing performance evaluations. Although it is not clear what the infrastructure, products and solutions mentioned by Siemens in the statement are, what is its business plan, and how it will expand the market. At this point, there are not enough details yet to truly assess the impact of this statement. But it is obvious that Siemens is using self-developed methods to move towards 5G private networks, and equipment vendors and operators in the mobile communications field may usher in a strong competitor. C114 Communication Network Lesi

Established in June 2018, VinSmart is one of the two main companies operating in the Vingroup’s manufacturing division, along with car and electric car manufacturer VinFast. This manufacturing company owns a telephone and electronic equipment factory with an annual design capacity of up to 125 million devices. VinSmart smart electronics factory in Hoa Lac Hi-Tech Park. Photo: Vingroup In Hoa Lac Hi-Tech Park (Hanoi), the complex factory of VinSmart has a total area of ​​up to 15ha, of which, construction area of ​​phase 1 is only 4.8 ha. At the factory in the first phase inaugurated in November 2019, the production area reached 4.5 hectares, including the electronic circuit board manufacturing subdivisions, phone manufacturing and independent research institutes. designed capacity of 26 million devices / year. Half a year after its inception, the company launched its first four smartphone lines. After two and a half years, the total number of VinSmart phone models has increased to 18 lines, of which the first product appeared in the high-end segment, and successfully produced terminals supporting 5G technology. . In 2020 alone, VinSmart said it sold 1.95 million smart phones to the market, an increase of 225% compared to 2019 sales (600,000 units). With record high phone sales, VinSmart also became the 3rd largest smartphone supplier in the domestic market with 12.7% market share. This is the first time a Vietnamese phone brand is in the top manufacturers and consumers in the market. As of early 2021, VinSmart’s distribution network of mobile phones has expanded with 10,000 retail agents, 4 customer care centers and 101 warranty points. Notably, not only consuming phones in the country, last year, VinSmart also recognized for the first time revenue from processing and manufacturing original equipment for foreign partners. VinSmart said that last year it signed a contract and started exporting smartphones to US carriers and foreign customers, with a production of 1.3 million units. In addition, the manufacturer also expanded its product portfolio to other electronic devices such as electronic components, air purifiers … In 2020, VinSmart also became a partner in manufacturing air blower components. supplied to Medtronic PLC’s series of ventilators, exported to USA and Ireland. Not only that, VinSmart is also in charge of building technology ecosystems for its real estate projects with three core products including Smart city (smart city), Smart home (smart home) and Smart. services (number services).

Recently, 63 institutions including CITIC Securities and China International Capital Corporation (ZFZJ.CN) focused on investigating the licensed payment institution Lakala. Chairman Sun Taoran and the new general manager Chen Lie received a reception. During the exchange session, Sun Taoran targeted Digital currency, SaaS, payment rate, local push staff cost Responded to hot issues. There are investors asking questions, Please analyze, for example, within two to three years, where are the huge business opportunities for large-scale implementation of digital currency? In response, Sun Taoran responded: “About the new payment form, we talked about two sentences. First, it will change the payment pattern. Second, it will have an impact on the business format. In the era of digital currency, It will change the position and voice of the acquiring side in the payment industry, including Lakala. For business, it will give birth to many possibilities. After the digital renminbi comes out, all these things may have some changes, which will bring There are many business opportunities. As we just mentioned, in the supply chain, in the clearing and payment between wholesalers at all levels, it is very likely that digital currency will have a very big advantage, and digital currency may also create many other New things, because the entire digital currency is paid by you and all the information is recorded as a record. When we look forward, we can at least see these.” In 2020, La Cala’s performance continues to grow steadily. The annual net profit attributable to the parent is 931 million yuan, a year-on-year increase of 15.43%. From 2015 to 2019, La Cala’s net profit in the first five years has increased by more than 30%. From 2015 to 2020, the compound annual growth rate of net profit reached 50%, and the gross profit margin has remained high at 41%. In terms of strategic planning, Lakala disclosed that the deployment of digital currency and cross-border payment has achieved remarkable results, and the payment ecosystem is taking shape. It is building a technology platform to provide SaaS to enterprises and financial institutions and reconstructing new retail with full supply chain services. By 2023, La Cala will be established “ Payment, technology, new retail “The multi-dimensional merchant service system has achieved one of the best payment scale industries, the first echelon of cross-border payments, the best industrial Internet technology platform industry, and the top three in the new retail industry. Payment ecology , La Kala disclosed that the basis of La Kala payment is the “payment ecology”. By giving full play to the first-mover advantage of digital RMB, iterating payment tools, upgrading the payment industry ecology, and improving La Kala’s merchant structure, forming Merchants, users, banks, expansion agencies, promoters A widely connected ecology. At present, as one of the first two payment institutions to sign a strategic cooperation agreement with the Central Bank’s Digital Research Institute, Lakala has the ability to fully accept digital renminbi transactions. Digital renminbi is a national strategy, and the iteration of the payment method itself will give birth to new businesses. Opportunity, Lakala, as the first batch of in-depth participants, will undoubtedly reap more development dividends. Cross-border payment business will further broaden the scope of merchant services, and the expansion of merchant services will make it possible to implement value-added services. Technology , Lakala disclosed that with payment as the link, technology as the platform, through SaaS and various systems Financial institutions, banks, people, goods, markets All parties are connected to meet the needs of every piece of the ecology by generating data and risk control to help everyone make money. At present, Lakala’s technology SaaS includes corporate SaaS, merchant SaaS, cross-border e-commerce SaaS and financial institution SaaS. Through SaaS services, it covers corporate fund management, account management, risk management, and collection of ordinary merchants and cross-border e-commerce. Optimize various value-added services such as, marketing, operation, etc., and optimize the acquiring system and risk management system of financial institutions to better serve the small and micro merchant groups. New retail , La Kala disclosed that the deep integration of technological services and payment ecology has made the merchant service system more comprehensive and efficient, and the emergence of new retail business has given La Kala merchants more room for service. There are currently 144 million Chinese companies, 12 million retail merchants, and more than 4,000 banks. Lakala has built a business service system of “payment, technology, and new retail” to match the commercial value generated by the closed-loop ecosystem built by all parties. Lakala entered the third-party supply chain platform business market at the end of 2020. In the early stage, samples have been sampled in multiple cities to provide high-quality sources for retail stores, and further promote the in-depth coordination of payment business, supply chain, and technology services. The current market penetration rate is close to that of peers. 3-year level. Attachment: Communication link (Q investor, A chairman Sun Taoran) Q: The 2020 annual report has a more detailed explanation of the operation of digital currency, and also said that there may be an investment of 500 million yuan in the promotion of digital currency in the future. Can you expand or give an example to explain in detail, for example, how our digital currency is connected to the interfaces of various companies. In the future, in the process of using digital currency, how we will do business with UnionPay, or the apps of major banks. Okay, or other institutions that have the ability to act as a digital currency can generate synergy, or they can get more market share. A: Digital currency. In fact, the company established a special department more than a year ago, and a lot of people are participating. However, because this involves the overall progress, it has not been disclosed to the outside world, which is also a requirement of strategic partners. We only announced the strategic cooperation agreement when we entered the pilot program. The investment of 500 million yuan is only our first phase of the plan. In the future of digital currency operation, there are several things that can be seen. The first thing is that all places must be able to use digital currency, just like bank cards and scanning codes back then. When everyone has a digital currency in the future, all the acceptance links will become an acceptable digital currency. This is what we will see in the future. The country’s promotion of the issuance of legal digital currency means that all places that scan codes must be able to accept digital currency today. This is a very big thing to do. This thing requires technical capabilities and system capabilities to be connected. This is the transformation of the business side. The second thing is that from the issuance of digital currency to the circulation and promotion, tens of millions of merchants must be connected to the platform that receives the payment to help merchants quickly acquire the ability to accept digital currency. In the future, there will be many commercial banks. At present, more than 4,000 small and medium banks and rural credit cooperatives do not have the ability to accept digital renminbi. They have to connect with digital currencies. Lakala can provide them with digital renminbi interface services and include An aggregate payment solution within the digital renminbi. Therefore, in the future market of La Cala, we may not only cooperate with merchants, but also provide services for financial institutions and other institutions. The third is to cooperate with our current pilot projects and promotion. For some key points, such as the Winter Olympics, we will do more hands-on activities in advance. These three aspects are foreseeable. For example, in the new retail platform, such a multi-level B2B is the payment from the enterprise to the enterprise, and the multi-level payment at the distribution level. If each level pays a payment fee, even one thousand five or one thousand three. Very high numbers. It is possible that after the emergence of digital currency, through the SaaS system docking, it may be possible to greatly reduce the payment cost. These new innovations are also what we want to do. Q: The company’s logic is very clear. From the small high-frequency payment as the traffic entrance and the SaaS+ stickiness as the channel to improve user retention, it actually falls into the new consumption. The SaaS market is a hot spot for everyone. Can you expand it and share it with us? In fact, SaaS will face, it may be divided into large customers, medium-sized merchants, and small customers. In fact, the three types of play and logic are completely different, because the larger the customer, the higher the customer unit price, but the churn rate is relatively low, but its customization needs There are more, it may be heavier to do, and it may be biased towards the logic of traditional software. However, the small customer may seem to have a low unit price, but the quantity will not be large. This may have a certain relationship with the company’s strategy or thinking. I don’t know how the company considers this in the future? Can you share with us? Thank you. A: We use small high frequency as the entrance, use SaaS + stickiness, and finally enter the new retail and new consumption field. SaaS We form a product system by investing in kilometers, plus our own accumulation in the past. The key to SaaS is the core function, because SaaS is just a payment method and an interactive method. It is a software-as-a-service method. The core depends on your function. What we do is to implement all the functions in the entire link of B2B, cloud stores, and cloud procurement in e-commerce, from the manufacturer to the end user, in the past eight years. For Lakala, the kilometer is equivalent to a semi-finished factory. There are all the accessories in this factory, which can be combined into any product. Lakala combined one thing, which is the system for offline retail stores. We docked the B2B on the cloud shop, docked cloud procurement, a series of functions, and then grafted our original accumulated functions, making this SaaS for the small shop, a user name and account can be used. But after all the data running on this, the payment is no problem, then you have to escrow, the bank can also evaluate your credit, or escrow, and bring the goods at the same time. This is our entry point. At present, the optimization problem of the supply chain must be solved. So our slogan is “good goods”, let it be good goods, more categories of goods, more good price goods, more money, this is what Lakala has to do. Q: If the digital currency level is implemented, we call it a new level, a new payment medium. So in the case of the second payment medium, the future is nothing more than establishing an ecosystem, whether it is a small cloud store or the supply side, or even the demand side. Please analyze, for example, within two to three years, where are the huge business opportunities for large-scale implementation of digital currency? A: Regarding the new payment form, we talked about two sentences. First, it will change the payment pattern. Second, it will have an impact on the business format. In the era of digital currency, the position and voice of the acquirer, including Lakala, in the payment industry will be changed. For business, it will give birth to many possibilities. After the digital renminbi comes out, there may be some changes in all these things, which will bring a lot of business opportunities. As we just mentioned, in the supply chain, in the clearing and payment between wholesalers at all levels, it is very likely that digital currency will have a very big advantage, and digital currency may also create many other new things, because The entire digital currency is paid by you and all the information in the entire process is recorded as a record. If we look forward, we can at least see these. Q: Payment is such a high-frequency application to provide more diversified corporate services to small and micro merchants. What is the key difficulty in the turning point? A: If only payment services are provided to merchants, in fact, the substitutability is still relatively large, but there is still the value of brands and services, and the brands and services themselves are also competitive in payment. After the “96 price reform” , The payment fee rate is going down, but Lakala’s market share is expanding, and profitability is improving, which is to concentrate on the head. If we superimpose it in addition to payment, and reach the merchant’s cash register and reach its shelf, the stickiness with the merchant will increase a lot. In fact, Square in the United States follows this model, which is to enter the cashiers and shelves of merchants. This is from our perspective. The merchant’s point of view is that when we provide these services, we have two benefits. The first one might be more SKUs and better prices. The second and more important thing is that when it puts its sales data, invoicing data and payment data on my platform, we can help it sort out its credit, which was originally unable to borrow money. Enterprises, cooperative banks can lend it to them. So merchants also have this kind of demand. As for why Lakala can do this? We currently include people who may certainly rely on ourselves in the cloud shop in the future. The number of expansion data for a single person and a month has reached more than 20. Why is it that local push is our business? To push this matter, it has a few data to calculate. The first is whether a local pusher can support himself, whether you can increase your monthly sales, the gross profit you earn, and whether you can provide your own salary. This will be a number. For example, if you develop X home in one month, you can support yourself. Second, can it feed the branch company? This branch company has amortized all its costs, so once everyone may assume that the first number is 8 and the second number is 15 for a month, the output per capita reaches 15 At home, this branch is break-even. Third, can you feed the headquarters? That number may be 25. When the per capita production capacity reaches 25, you can feed the headquarters, break even, start making profits, and repurchase. A lot of our data shows that each store purchases a larger amount and quantity in the second and third months. The good news is that our two-month per capita output is in the 60-point supply chain and 80-point system, and the per capita output exceeds 20 companies. For us, we know very well what it is. If this data can be maintained, and if our repurchase data can be maintained, we will look at it for another three months. If these numbers can be maintained, it is very likely to be in this area. We will make progress very quickly. Q: Now the concentration of the entire third-party payment is increasing. However, this rate may actually have a gap of more than 5 times compared with overseas Square. Do you think the rate gap will gradually stabilize through the increase in concentration in the future? The second question, maybe everyone is also concerned that in the context of digital renminbi, it can be anonymous. Will this bring some challenges to our acquiring business in the past? For example, whether the entire market capacity will shrink, the currency may be transferred directly through offline transactions, and it is no longer necessary to complete this liquidation through a third-party acquirer as it is now. A: Of course we hope that our rates are the same as internationally, but the reality in China is not like this, and under such a reality, the entire ecological development is now the best in the world. So I personally think that the matter of rates is a bit like the secondary stock market. The important thing is not how much you buy, but how much you sell. The difference between your buying and selling is what you earn. Therefore, for Lakala and for the acquirer, the important thing is that the space between the cost charged by the merchant and your cost is important, so it affects your income. So if it drops year-on-year, then your space will not change, or if the bottom drops more and the top drops less, your space will increase. This is an understanding of the rate, that is, you cannot look at a value in isolation , But should look at the space between them. Well, when the space is not as big as overseas, for example, what matters is the business management ability and scale effect, which will promote concentration. When this space is large, you may be able to make money by doing 100,000 merchants. But when the space is compressed, companies with less than 1 million merchants or less than 5 million merchants will have been squeezed out, and the rest will be more and more concentrated in the head. Therefore, such a situation is actually beneficial to La Cala. In the past two or three years, in fact, with the downward trend of rate competition, La Cala’s market share and profitability have been expanding. The latter question is the question of the transaction method. The merchant’s demand for payment is not just about swiping the card, you give me the money. It actually has a variety of needs. For example, the first is the need for account reconciliation. For merchants, he has to reconcile the accounts. Every transaction cannot be wrong. All transactions today cannot be wrong. There are errors in handling. There are also many payment-based requirements. These are not offline transactions, which can be solved by handling them yourself. It’s just a form of transaction, and it’s still a relatively small form of it. But behind this form, the entire other merchant services cannot be replaced. We have encountered this kind of merchant, he is willing to accept a payment institution, he is not willing to say that he accepts this and that. Because for him, if 200 goods are sold today, these 200 goods come from four payment institutions. For him, it is a huge workload. He is completely unable to make statistics on today’s sales, purchases, etc. A series of things. A company we invested in has done a lot of services in this area, such as a platform-like SaaS product-Qianacantong. Merchants are willing to treat you only. On this platform, I will clarify all your acceptance methods and needs. . Q: Let me ask again. For example, some customers just want to say that you provide streamlined services and transaction services, such as some newsstands. A: It’s just that you can complete the transaction. There are actually very few such merchants. Not at newsstands. When you buy a newspaper, he takes a small book and writes it down, which magazine you sell, how much money you receive, and takes a small book to keep track of, and then when you receive RMB, small merchants also take it. In a small book, write down how much the buns are, and how much is it. In fact, what payment institutions help merchants do is not just collecting money. After we gave him the cloud shop system, in fact, his ERP and CRM are all in it. For him, after every shipment comes in, it sells. How much we go out, how much we have left, and whether to purchase goods, have all been realized on IT. In fact, this is the impact of technology on business. This impact was originally provided by an independent SaaS company, but now it is only carried in with the service of Lakala payment.

Ms. Ngoc Giau picked up the tofu tofu from the cooking pan. Uncle Ba Hoang said, the cooperative currently has 38 members, producing tofu with a medium and large scale. Particularly with his oven has a scale of up to 180 pans, an average of 300kg-500kg of tofu ships can be produced per day. Smaller ovens range in production from more than a dozen pans to a few dozen cooking pans. Thanks to this job, people set up a career right in their homeland and help solve the rural labor force with stages such as cooking, transporting, drying … We went to My Hung 1 hamlet, My Hoa commune, where there are quite a few people making tofu but with a smaller scale. Ms. Nguyen Ngoc Giau and her husband are standing cooking 18 tofu pans. Giau said this profession is “hereditary” and that she and her husband chose to establish a career over the past 20 years. Tofu and tofu of Mrs. Giau and her husband do not sell enough, mainly in the market in Tra Vinh province. “This job is not heavy, but it has a constant job, since the chickens have not crowed. Having a regular income, staying at home, having time to care for the family and cultivating to earn more ”- Mrs. Giau said. Go to the house of Uncle Nguyen Van Hai, Giau’s biological father, to hear him talk about the traditional profession. Uncle Hai said that this profession must be present for over 100 years in My Hoa, he is also “inherited from his father”, but now he is very old, so he no longer cooks but passes on to his children. At that time, Uncle Hai said, when we went to that time, when I heard that My Hoa hometown, people mentioned Nam Roi pomelo and tofu tofu. Particularly tofu in My Hoa has been famous for a long time, everyone praised it delicious. According to Uncle Hai, although the tofu cooking profession is not difficult to do, but it takes patience and hard work because if an average of 18 cooking pans is taken, a cooking shift takes more than 20 hours to complete. That is not to mention the high season such as the big full moon day of the year, the traditional New Year …, the capacity must increase. Uncle Dinh Cong Hoang said: Thanks to the reputation, My Hoa tofu is very easy to consume in the markets of the Mekong Delta cities and provinces, especially Can Tho, Vinh Long, and Tra Vinh. However, the current difficulty is that the price of soybean ingredients used to cook tofu tofu is soaring, around 17,000 VND / kg that the profit is low, although the current tofu has increased by about 92,000 VND / kg (selling price at oven). Normally, for every 90kg of raw soybeans, 35kg-38kg of finished products are produced. “If any batch of raw soybeans are imported, which are young beans, cooked without scum to salvage tofu, the risk of breaking the tofu or even loss is high” – Uncle Ba Hoang shared. However, most people think “take the credit”, so everyone is enthusiastic about keeping the traditional profession of the homeland. Tofu tofu is also known as phuoc (the sound camp from Sino-Vietnamese) or scum, because this product is made from picking up soybean scum on a cooking pan. The way to make tofu tofu is also quite simple: soak soybeans, peel the skin clean and then grind it, and cook it on a large pan. Cook until a while, the bean paste will gather on the surface, the cook will pick it up and hang it on the pole right above the pan to dry. The trend of vegetarian cuisine is increasingly popular, so tofu tofu is also “crowned” because it is easy to eat, can process many dishes, from soup, stir-fry to warehouse, rolls … Tofu is also used to cook savory dishes such as isle, la-gu, curry … Thanks to the variety of cuisine of tofu, the product is selling very well. The view of a tofu cooking oven is very beautiful, and is loved by photographers. But if you try to stand in the cooking pan, you can see that the hot temperature makes the cook easily tired and sweat a lot if you are not used to it. Yet the professors feel normal and remember when the stove stopped setting the fire.

When combining the decoration with the space, bonsai not only “wears new clothes” for the house but also can bring prosperity, Ms. Phuong Anh shared. Ms. Phuong Anh said that ornamental plants placed indoors should be plants with good meaning, beautiful shape, suitable for the area of ​​the space. Many species of trees are also believed to have a sense of well-being, helping homeowners always feel comfortable and relaxed in their home. She said, visitors to her garden often choose plants such as five packages, ten thousand young people, betel nut, ivy, areca, ornamental banana, fortune, betel nut king. Some other types of trees such as Singapore eagle, gold coin, honeysuckle, emerald, rich precious, rosemary, cedar are also interested in. According to Ms. Phuong Anh, referring to the beautiful ornamental flowers that are easy to grow, there must be the oat flower, the periwinkle coconut vegetables, the Japanese cypress, the million bells, ten o’clock. These are the wrong flowers and have drooping like chandeliers, when placed in the garden or balcony will help the space become more beautiful and fancy. Orchids and roses are also popular with consumers because of their beauty and diverse forms. In addition, trees that show persistence and vitality such as cacti, tiger’s tongue are also not to be missed. Plants bring a green accent to the house. Ms. Phuong Anh said that at first she did not care about bonsai because she did not know how to enjoy it, plus the expensive price. But after hearing and sharing from the artists, plus her own research, she gradually realized the value of this plant. The varieties of bonsai are simple, a bit trivial, but through the hands of artisans will be “transformed” into unique and meaningful works of bonsai art. In particular, the shui mai, the si tree, the genus chi, and the fir are the 4 most popular trees because in addition to their beauty, they also carry feng shui meaning, bringing sand to the homeowner. For many people, the time to prune and take care of trees is also a form of relaxation after stressful working and studying hours. Besides consulting on selecting plants, Ms. Phuong Anh also said that taking care of ornamental plants is not as complicated as many people imagine. Just water regularly, keep moisture, leave the plant in a well-lit place, the tree will have good conditions to grow and become healthy.

Although the first anniversary of the unprecedented negative oil price “black swan” event has passed, its impact on the market has not disappeared.

Brokers China reporter noted that in recent times, many banks have adjusted their precious metal businesses one after another. For example, if they have raised investor risk tolerance limits, they have also gradually shut down and suspended their precious metal businesses.

Some senior executives close to major banks revealed to the brokerage China reporter that in the current international environment, banks’ initiatives are mostly voluntarily shrinking in response to regulatory requirements, aiming to take precautions. The reporter also learned from some large state-owned banks and joint-stock banks that current banks are putting “preventing business risks” to the forefront, and business adjustments are also out of consideration for risks and hedging responsibilities.

Zhou Maohua, an analyst at the Financial Markets Department of Everbright Bank, told reporters that the current adjustment of precious metals business has limited overall impact on domestic investors. First, domestic banks have not completely closed such business windows. Second, the domestic futures market has developed very rapidly and the market depth has increased significantly. .

Tightening of precious metals business

In fact, since March, a number of banks have announced their tightening plans for precious metals business. If there are restrictions on raising the risk tolerance of investors, there are also measures such as gradual shutdown and suspension of precious metals business.

“Considering the high risk in the precious metals market, ICBC will further restrict its account-based precious metals business in the future. For customers who have account-based precious metal holding balances, it is recommended that you choose the opportunity to reduce your holdings to prevent and control your own risks.” ICBC pointed out in a recent announcement.

ICBC The official website announced on April 20 that in order to comply with the changes in the market situation, the bank will adjust the account precious metal business rules and trading system on May 23 this year, including but not limited to: raising the account precious metal product risk level to level 5 (R5), and the requirements of customer risk tolerance assessment results are adjusted to an aggressive type (C5); the account precious metal business functions are gradually closed for customers who meet certain conditions without positions.

April 9th, China Merchants Bank According to the announcement, the risk level of the two-way paper gold and silver and real paper gold and silver business has been adjusted from the original “R3 medium risk” to “R5 high risk”. Existing customers whose risk assessment results are lower than “A5 (aggressive)” cannot conduct two-way New opening transactions for paper gold and silver and new purchase transactions for real paper gold and silver. At the same time, adjustments were made to the starting point of a single transaction for related businesses.

March 30, Shanghai Pudong Development Bank The announcement stated that the account-based precious metal business will be suspended from opening trading on April 6, and the implementation of the stock precious metal fixed investment plan will be suspended. In addition, at the end of this month, the bank will collectively terminate contracts for customers who have no positions in account precious metals business and precious metals fixed investment business. Not long ago, Shanghai Pudong Development Bank also announced that it had adjusted its personal precious metal business as an agent of the Shanghai Gold Exchange, and it had tightened its position limit and contract margin ratio.

March 11, Industrial Bank The announcement also shows that the account precious metals system will stop newly opened positions starting on the 6th of this month; positions that have not been closed after September 30 will be closed by the bank.

In the announcements of the above-mentioned banks, the “prevention of business risks” has been moved to the forefront.

However, some banks stood still. A grassroots person from a major bank in East China told a brokerage China reporter that his grassroots institution has not yet received the notice of adjustment of precious metals-related businesses, but from a risk perspective, it is mainly related to the fluctuation of international gold. The employee bluntly said: “Our grassroots The bank’s business adjustment signs are not obvious, and no specific notice has been received.”

Market risk is in dynamic change, aiming to take precautions

Some senior executives close to major banks revealed to the brokerage China reporter that under the current international market environment, the bank’s initiatives are also actively shrinking in response to regulatory requirements, aiming to take precautions.

“In fact, we just think this thing is too risky and we don’t want customers to do it, but we can’t stop it directly, so we raised the risk level and suggested that they don’t move it.” The person spoke bluntly to reporters.

Why did you choose to tighten adjustments at this time? Many people in the industry said that this is actually the performance of financial institutions to guard against market volatility risks.

Zhou Maohua, an analyst at the Financial Markets Department of Everbright Bank, pointed out to reporters that since April, the overall trend of overseas markets has been “abnormal”, and the recent global epidemic has experienced repeated trends, national policies have diverged, differences in U.S. inflation expectations have been difficult to bridge, and geopolitics have emerged one after another. It indicates that the volatility of precious metals in the external market may increase, and financial institutions will tighten their account precious metal investment business and reduce their exposure to precious metal investment risks.

Some market analysts also told reporters that banks are now following up and making adjustments to avoid risks, mainly out of consideration of risks and responsibilities for hedging. In addition, the epidemic has improved, the U.S. economy has begun to recover, U.S. bond yields have risen, the Fed’s interest rate hike expectations have increased, and the U.S. dollar index has increased, which has caused a certain impact on the price of gold. To prevent it from causing losses in a fluctuating economic environment”.

Specifically, the bank’s move is to implement the appropriate management obligations of financial institutions. “Market risk is undergoing dynamic changes, and the volatility of foreign-market futures businesses is often greater. Financial institutions adjust risk ratings based on actual conditions to ensure that investors’ risk appetite and tolerance are more matched.” Zhou Maohua mentioned that the bank’s move would also help. In order to reduce some potential investment disputes in the future, and maintain its own market reputation.

Zhou Maohua further analyzed that, from some cases, banks may face risks in external disk business in several aspects: first, market risk, market risk of external disk volatility, especially commodity futures business, which is relatively more volatile; second, regulatory and reputation risk , “To attract customers” may also cause some banks to effectively perform investor suitability management obligations, and this may cause investor disputes, resulting in damage to the institutional market reputation; the third is the stability of the information system and the operational risks of traders.

The first anniversary of the negative oil price “black swan” event

Last year, the May contract price of US crude oil futures fell into a “negative value” event, which is also one year old. Judging from the intuition of industry insiders, there have been obvious changes in both the regulatory authorities’ strengthening of the protection of investors’ legal rights and the vigilance of institutions.

“The’Black Swan’ incident is very scary. As a bank, I have never encountered such a situation before.” A senior practitioner from a major industry told reporters frankly that once such a situation is encountered, whether it is personal economic or social impact At the level, banks have to bear a lot of responsibilities, “so be more careful now, and the related risks are tightly guarded.” Zhou Maohua also said that in recent months, banks have successively tightened related external disk businesses, which itself shows that institutions have significantly increased their vigilance against potential risks of similar businesses.

Some analysts said that in the short term, it will be relatively difficult to reopen new accounts for precious metals customers, and some banks will also shrink their personal account transactions.

Both investors and banks have suffered certain losses. “There is still much room for improvement in the experience and ability of Chinese banks to participate in international futures transactions. The professional quality training of relevant personnel and the design of related products by banks are in urgent need of improvement.” A senior bank practitioner told the brokerage China reporter. At the same time, the “oil treasure” incident should also be alert to domestic investor education.

From a literal perspective, “investor education” refers to the dissemination of investment knowledge and experience to individual investors by institutions, departments, etc., but investor education is also a process of investors’ self-learning, exploration, and improvement, as well as the mentality of individual investors. The process of maturing experience and ideas, but the basic requirement of institutions with relevant advantages is to perform investor suitability management obligations. Zhou Maohua predicts that before the precious metals market becomes clear, institutions will continue to be cautious about the business in the short term, and the major banks have a demonstration effect. It is not ruled out that some banks will follow up in the future, but it does not mean that institutions will completely shut down such businesses. business.

“The overall impact on domestic investors is limited. On the one hand, domestic banks have not completely closed such business windows; on the other hand, the domestic futures market has developed very rapidly. The depth is significantly enhanced.” Zhou Maohua said bluntly.

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China Times (www.chinatimes.net.cn) reporter Shan Meiqi and Meng Junlian reporting from Beijing

On April 19, Omar Electric (002668.SZ) issued the “Announcement on the Revision of the 2020 Annual Performance Forecast”, which significantly lowered its expected performance. According to the announcement, the net profit attributable to shareholders of listed companies is between -360 million yuan and -690 million yuan, a year-on-year decrease of 775.41% to 1394.68%. The net profit after deducting non-recurring gains and losses is between -338 million yuan and -668 million yuan. Between yuan, a year-on-year decrease of 2044.94% to 3945.00%.

During the reporting period, the company’s total assets amounted to RMB 9,221,137,100, an increase of 5.08% from the beginning of the year; the owner’s equity attributable to shareholders of the listed company was RMB 2,220,401,200, a decrease of 13.04% from the beginning of the year; the net asset per share attributable to shareholders of the listed company was RMB 2.05, which was RMB 2.05. At the beginning of the year, it dropped by 13.14%.

Omar Electric stated that the performance revision was due to the company’s strategic adjustments and in accordance with the “Accounting Standards for Business Enterprises” and the company’s relevant accounting policies. As of December 31, 2020, the company’s various receivables, inventories, fixed assets, and intangible assets have been adjusted. Such assets have undergone a comprehensive inventory and adequate evaluation and analysis, and after re-testing for impairment, supplementary provision for credit risk losses, intangible asset impairment reserves and changes in liabilities.

Regarding the performance loss, Omar Electric said that Omar Refrigerator’s performance has grown well. However, due to the company’s transfer of 49% of Omar Refrigerator’s equity during the reporting period and the completion of the industrial and commercial changes, the company’s combined ratio of Omar Refrigerator’s performance has dropped from 100% to 51%, making this year The net profit of Omar Refrigerators was reduced.

In particular, the company mentioned the performance fluctuations of the financial technology sector. Omar Electric pointed out in the announcement that the company’s financial technology sector continued to carry out in-depth structural optimization and adjustment this year and achieved initial results. However, due to the continuing impact of the epidemic, operating income has dropped significantly year-on-year, gross profit has fallen sharply, and there is limited room for compression of expenses during the period. At the same time, taking into account the impact of the financial macro environment, the company’s operating risks and the adjustment of the company’s strategy, starting from the principle of prudence, the provision for expected credit risk losses on accounts receivable and other receivables has been affected by many factors that have caused the The net profit of the financial technology sector attributable to the parent dropped significantly in 2015.

In response, the company conducted a comprehensive impairment test on the accounts receivable of subsidiaries in the financial sector, and made up for the expected credit risk loss of RMB 190,568,800; estimated the recoverable amount of intangible assets in the financial sector, and made up for asset impairment. The loss was RMB 43,652,400; the company evaluated the repayment ability of the guarantor, and made up the estimated debt of RMB 157,433,700.

The reporter noticed that along with the announcement of the performance forecast amendment, there was also an announcement on the resolutions of the 47th meeting of the fourth board of directors of Omar Electric. This announcement passed the “Proposal on the Establishment of a Working Group for the Termination of Operation and Asset Disposal of the Financial Technology Business Sector.”

The company also stated that it intends to complete the termination of operations and asset disposal of the financial technology business segment within 2021. The reporter of this newspaper also sent an interview outline to the company on the current disposal progress and expectations during the year, but the other party did not respond as of press time. .

According to the 2020 semi-annual report, Omar Electric’s financial technology business includes three major business segments. They are financial and industrial equity investment, including Changzhi Bank, Internet small loans, etc.; products and technical services, including smart POS projects and computer cloud platform projects; loan assistance business mainly focuses on the development of stock assets in response to customer overdue phenomena in 2018 Recycling.

It is worth mentioning that in the first half of 2020, Omar Electric’s financial technology business achieved operating income of 11.4021 million yuan, a year-on-year decrease of 95.75%; net profit attributable to shareholders of listed companies was 132 million yuan, a year-on-year decrease of 724.94%; Omar Electric The revenue of two businesses, including information and technical services of electrical appliances, and rental of smart POS machines, were both zero.

As early as 2015, Omar Electric announced its entry into the financial technology field. Last year, due to continued losses, it had divested part of its financial technology business and sold 100% of its equity in Zhongrong Jin in May last year.

Zhongrong Jin is an important layout of Omar Electric’s financial technology. It is mainly engaged in banking Internet financial platform technology development services and joint operations, self-operating Internet P2P platforms, and mobile Internet financial marketing services. However, the P2P platform “Haodaibao” operated by its subsidiary announced its withdrawal in June 2019. As of the end of December 2018, Haodaibao has completed all repayments and has not launched any new business.

Omar Electric also stated in this announcement that it will focus on refrigerator manufacturing as its main business in the future. Judging from the 2020 semi-annual report, Omar Refrigerator, the main business entity, contributed almost all of the revenue of the listed company. In the first half of the year, Omar’s home appliance industry achieved a revenue of 3.572 billion yuan, accounting for 99.58% of the total revenue. The home appliance industry’s revenue accounted for 99.58% of the company’s overall revenue. During the reporting period, the company’s holding subsidiary Omar Refrigerator achieved a net profit of 186 million yuan attributable to its parent.

On March 31, Omar Electric’s shareholder TCL Home Appliances Group once again increased its stake in the company by 2.96%. At present, TCL Home Appliances Group and its concerted actors Chongqing Zhongxin Rongze Investment Center (Limited Partnership) held a total of 24.05% of the company’s shares. , Became the largest shareholder.

It is worth mentioning that all the shares of listed companies held by Zhao Guodong, chairman of Omar Electric in December 2015, were frozen by the judicial system and the judicial waiting list, and I was also restricted from consumption. At the same time, all the shares held by Zhao Guodong are still in a judicial freeze state and are still being auctioned gradually.

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The leading German software company SAP has significantly increased the pace of relocating its core business to the cloud. The revenues for the flagship product S / 4Hana Cloud rose in the first quarter by 36 percent to 227 million euros, as the Walldorf-based DAX group announced. This was the first time he published figures on this development. S4 / Hana Cloud is a digital development and integration platform from SAP for software applications. It is intended to enable companies to access data in real time via the cloud.

What is the cloud The term cloud means the interaction of several server computers. These servers take over data storage or complicated program processes. Users can access this via the Internet, mostly via programs on the accessing devices (“clients”) and the web browser.

More customers should switch

The 227 million euros in sales with the S / 4 Hana Cloud make up only a fraction of the total cloud revenues, which were 2.15 billion euros from January to March – an increase of seven percent. SAP was able to increase the cloud revenues contractually guaranteed for the next twelve months by 19 percent to 7.6 billion euros. In the case of the S4 / Hana Cloud, this increase was 43 percent. The Walldorf-based company is now taking its customers by the hand more closely with the long reluctance to switch to the cloud. To this end, SAP boss Christian Klein introduced the “Rise with SAP” bundle offer in January, which is intended to enable customers to switch to the cloud versions of the SAP standard software more quickly. It now seems to be starting to take effect.

SAP boss Christian Klein relies on the cloud.

Strongest cloud growth in five years

“The first quarter of 2021 was unique in many ways. We had the highest growth in orders for the cloud business and software licenses in five years, and our operating income and operating margin rose the strongest in ten years,” said SAP CFO Luka Mucic . In the medium term, the accelerated conversion of SAP to the cloud business will accelerate sales growth and give the company significantly more resilience and planning security.

Profit increase of 70 percent

Because of the investments in the “Rise with SAP” program this year and next, SAP is also accepting lower earnings. In the first quarter, the DAX group was nevertheless able to increase its net profit 70 percent to 1.72 billion euros. The fresh figures are well received on the stock market. In an initial reaction, the SAP share rises up to 1.9 percent to 119 euros. That is the highest level in five months.

Produced | Sohu Technology

Author | Zhang Yating

Edit | Yang Jin

Huawei, which has always been prudent and prudent, has recently made intensive adjustments to its cloud business, which has aroused heated discussions in the outside world. On April 9, Huawei announced the appointment of Rotating Chairman Xu Zhijun as Chairman of Huawei Cloud, and Huawei Consumer BG CEO Yu Chengdong was appointed as Huawei Cloud CEO.

A week ago, on April 2, Huawei announced the abolition of Cloud&AI (cloud and computing) BG. On March 30, Huawei just appointed 11 members including Zhang Pingan (formerly President of Consumer Business Cloud Services) as Cloud&AI BG managers; Zhang Pingan was appointed as Cloud BU President.

At this point, the structural adjustment of the cloud business has come to an end in the turmoil. The latest Xu Zhijun + Yu Chengdong, the luxurious lineup of two generations of Huawei’s Titans, also made the speculation that “Huawei Cloud will develop independently or be sold” spread like wildfire. Some insiders bluntly said that “this is the management configuration of a listed company.”

At the Huawei Analyst Conference on April 12, Xu Zhijun gave a formal response to related hot topics. He pointed out that the abolition of cloud and computing BG is to focus on developing cloud business, increase the proportion of software service revenue, and reduce dependence on hardware.

As we all know, Huawei started by making communication equipment, and hardware revenue has always been the main driver. In recent years, the revenue of consumer business, which is dominated by mobile phones, has supported about 50% of its revenue. However, the blow of the ban made Huawei have to think about how to go on leaving the chip?

The cloud business is regarded by Huawei as a key “chess piece” for increasing software revenue. Guowei, the chief product official of Huawei Cloud, told Sohu Technology that this year’s cloud business will definitely continue to grow in three digits. On the one hand, Huawei attaches great importance to the cloud business, and customer demand is also great. According to official disclosures, Huawei Cloud will grow by 168% in 2020.

It should be noted that even if the cloud and computing BG has been withdrawn, the current cloud and computing entire sales and channel system remains consistent. Shi Jilin, President of Huawei Cloud and Computing Global Marketing and Sales Service Department, told media including Sohu Technology, “The future sales and channel system will be optimized and adjusted accordingly as business development needs.”

“The shortcoming that needs to be made up most is the user experience”

Compared with mainstream cloud vendors, Huawei Cloud is almost 10 years behind. Amazon AWS cloud computing service was commercialized in 2006, Alibaba Cloud was formally established in 2009, Tencent Cloud was commercialized in 13 years, and Huawei only established Cloud BU in 17 years and officially entered the public cloud.

“It is necessary to make up for shortcomings but also to find ways to surpass other manufacturers.” Fang Guowei told Sohu Technology that the biggest challenge for Huawei’s cloud business is that the business started relatively late. .

He pointed out that it took Huawei almost four years to go through the product development process of other manufacturers for about ten years. “We started to do public cloud in 17 years and developed more than 200 products in almost four years. The number of products is about the same as that of other vendors.”

The speed of HUAWEI CLOUD’s development should not be underestimated. According to Canalys’s Q4 China Cloud Service Market Report last year, Alibaba Cloud occupies an absolute leading position with a 40% share, Huawei Cloud ranks second with a 17% market share, and Tencent ranks third with a 15% share.

Dai Mingzhe, an analyst at Head Leopard Research Institute, told Sohu Technology that because of its first-mover advantage, Alibaba Cloud has always maintained the first place in market share. However, HUAWEI CLOUD is catching up with its accumulation in the ICT field and the precipitation of the government and enterprise markets, and is constantly shortening the gap with the leading manufacturers in the market.

Of course, in the pursuit of rapid development, Huawei Cloud also needs to make up for its shortcomings. “We are a traditional hardware-advanced company. There are no examples in the world of transforming into a software-advanced company. Our difficulties are imaginable.” Ren Zhengfei realized that changing from selling products to selling cloud services requires building cloud services. The ability and support to provide customers with the operation, operation and maintenance capabilities of cloud services.

A business manager of a domestic leading cloud vendor told Sohu Technology that Huawei Cloud’s long-tail customers have relatively weak operating capabilities. “Customers who consume hundreds of thousands a month in the order of magnitude, either look at the brand or buy the cheap ones. Huawei Cloud is a bit embarrassed in the middle. And the stability and performance of its products still need to be polished.”

Fang Guowei also bluntly told Sohu Technology that the shortcoming that needs to be made up most is the user experience to make the product more usable. Previously, it was more to quickly complement the functions, but there is still a lack of user experience. This year, it will be promoted as a focus.

“For example, in terms of product design, interaction design will strive to be more user-friendly; in terms of documentation, I hope that customers will understand how to operate immediately after reading the documentation, because a very important point in the cloud is self service.”

Relieve the pain of lack of core

Undoubtedly, sending two generals, Xu Zhijun and Yu Chengdong, can see how much Huawei attaches importance to the cloud business. Of course, frequent architectural shocks can also reveal Huawei’s entanglement in exploring cloud services.

At the beginning of 2020, Cloud&AI (cloud and computing) rose to Huawei’s fourth largest BG, Hou Jinlong served as the president of Cloud and Computing BG, and Peng Zhongyang as the president of Enterprise BG.

In January of this year, Huawei internally issued a document stating that consumer business CEO Yu Chengdong will concurrently serve as the president of Cloud and Computing BG, and Hou Jinlong, former president of Cloud and Computing BG, intends to appoint the chairman of Digital Energy. At that time, a Huawei insider revealed to Sohu Technology that “the development progress of the cloud business is average, and the slogans are more powerful. I hope Mr. Yu’s leadership can change the current state.”

On April 2, Huawei adjusted its cloud business again, appointing Zhang Pingan as the president of Cloud BU, and at the same time withdrew the cloud and computing BG, and the original server and storage were classified as “network products and solutions.”

About a week later, Huawei Cloud ushered in new personnel appointments again. Rotating Chairman Xu Zhijun was appointed as Huawei Cloud Chairman, Yu Chengdong was appointed as Huawei Cloud CEO, and Cloud BU added two deputy directors, Peng Zhongyang and Tao Jingwen in charge of corporate business. And process IT.

From the establishment of Cloud and Computing BG to the dismantling of Cloud and Computing BG, Cloud BU has once again returned to an independent state. Xu Zhijun said to the relevant changes that Huawei Cloud has always been an end-to-end independent BU. At the beginning of the establishment of HUAWEI CLOUD, it was hoped to coordinate the operation of servers and storage with HUAWEI CLOUD, but the collaborative operation was found to consume the energy of the cloud team.

He pointed out that the adjustments made now are to hope that the cloud business will be more independent and focus on developing cloud. At the same time, in the long run, we hope to increase the proportion of software service revenue.

Under the influence of the US ban, Huawei is also actively thinking about future business development issues. How does the future go? Xu Zhijun put forward five key strategic measures in the future, and the first one is to optimize the industrial mix and enhance the resilience of the industry, especially the enhancement of software capabilities, the strengthening of investment in advanced technology and weak-related industries and the investment in the smart auto parts industry.

Dai Mingzhe told Sohu Technology that under the ban, the chip industry chain will have a certain impact. However, Huawei’s cloud business will focus on software development in the future, and it is expected that this impact will be mitigated to a certain extent.

Can the cloud business become the next “cash cow”?

The cloud market still has development potential. Gartner data shows that as of 2019, the global cloud computing market reached US$188.3 billion, and it is expected that the market size will reach US$350 billion in 2023. According to the “2020 Cloud Computing Development White Paper” issued by the Institute of Information and Communications Technology, China’s cloud computing market is expected to continue to grow rapidly in the next four years.

At the same time, the cloud business has brought huge returns to the top manufacturers. According to the 2020 earnings report, AWS cloud services contributed 11.7% of revenue and 59% of profits for Amazon. According to Microsoft’s financial report, since the Q3 quarter of fiscal year 2020, revenue from the smart cloud business has become Microsoft’s largest source of revenue for three consecutive quarters.

Of course, before the cloud business brought huge returns, it was also a terrible “golden beast”. Only after a huge investment can manufacturers “lie down and make money.” From the official commercial use of Amazon AWS in 2006 to 2015, it took nearly 10 years to turn around. year. Alibaba Cloud was founded in 2009, but it achieved breakeven for the first time in the fourth quarter of 2020, and it took about 11 years from a huge loss to a balance.

Gu Fan, general manager of cloud service product management for AWS Greater China, once said that it took nearly 10 years for AWS to achieve its first $10 billion in revenue from scratch, and it took 23 months for the second $10 billion increase. The third $10 billion increase took 13 months.

Huawei hopes to avoid excessive capital investment and emphasizes the construction of application ecology. Ren Zhengfei pointed out in his internal letter at the end of last year, “We can’t simply take the same path as Ali and Amazon. We don’t have that much money. They have endless amounts of money in the US stock market. How do we develop, we must find a way out. , Rather than simply imitating.”

In China, BAT Internet vendors, three major operators, Huawei Cloud, Kingsoft Cloud and other vendors gathered in the cloud computing track. A cloud computing-related practitioner told Sohu Technology that compared with other vendors, Huawei’s advantages lie in sales capabilities, key customer relationships, hardware coordination capabilities, and a top-to-bottom ecosystem.

Through the growth process of Amazon and Alibaba, we can see that cloud is not a “quick money” business. From its exposure to cloud computing in 2011, to its formal entry into the public cloud in 2017, and to the further improvement of its strategic position today, Huawei has not disclosed the revenue of its cloud business to the public.

It is foreseeable that Huawei Cloud still has a long way to go in the process of increasing software revenue and optimizing the industry mix.