At 618 this year, iFLYTEK’s smart voice recorder, known as “a must-have artifact for office and conferences,” has been the sales champion of the two-platform voice recorder category on JD.com and Tmall for three consecutive years. Among them, iFLYTEK’s smart voice recorder SR502 won the title of single product sales in the voice recorder category on Tmall’s platform on June 18. The product, iFLYTEK’s wrist-type voice recorder R1, has also won the double champion of Jingdong bracelet-type voice recorder in single product sales due to its advantages in expanding multi-scene applications.

When talking about voice recorders in the past, many people’s first impression is that they have a single function and do not meet the needs of contemporary people. As a result, voice recorders have always survived among their existing consumers. After the birth of the smart phone, the traditional voice recorder lost some of its users.

But in fact, it is understood that 81% of voice recorder users need transcripts, and the groups that use voice recorders are mainly white-collar workers, journalists and students. Based on the unsolved pain points of these traditional recording scenarios, iFLYTEK’s smart voice recorder was created as needed.

IFLYTEK has widely used AI voice technology in smart recording pens, so that consumers can quickly obtain the corresponding text after the recording is completed. And to meet the needs of consumers in different sub-scenarios, so that the traditional voice recorder exudes a new light because of AI.

For example, iFLYTEK’s SR series smart recorders are equipped with AI algorithms with independent intellectual property rights to reduce noise. They can use adaptive filtering to eliminate noise for sound source localization. The pickup distance can reach 15 meters and the human voice is clearer. At the same time, it also introduced seven scene modes such as speech, conference, interview, standard, memo, music, and power saving to meet the needs of different occasions. The functionally very practical iFLYTEK smart voice recorder has its own key content marking function. As long as you directly touch the screen during recording, you can add tags to key content. After the recording is over, you can search for keywords to view the highlighted key content, and it also supports simultaneous sharing and editing on multiple platforms such as mobile phones and PCs. Among them, in the function of transcribing, iFLYTEK’s smart voice recorder is more “precise”. With the support of a series of high-precision technologies such as microphone array smart pickup technology, smart noise reduction technology, voice transcription technology, offline transcription technology, Chinese and English translation technology, iFLYTEK’s smart voice recorder is accurate in a variety of work scenarios The sound pickup, even if it is 15 meters away from the target, or in a noisy environment, it can intelligently filter out the noise, and only retain the clear original sound of the target; after the recording is over, the manuscript is quickly transferred and saved, Intelligent upload to the cloud, and can also be transcribed and written operations without the network. The current smart voice recorder market is undoubtedly a red sea. In order to maintain its own technological competitiveness, HKUST Xunfei has set up technical indicators internally to achieve a 30% year-on-year technological growth. In the past ten years, R&D investment accounted for 20% of operating income. about. Accompanyingly, the situation of domestic smart recorder players has gradually become clear, and iFlytek is undoubtedly the leader. Based on the annual technological “involution” and product innovation, iFlytek will continue to innovate product forms and technology applications to empower industry upgrades

At 618 this year, iFLYTEK’s smart voice recorder, known as “a must-have artifact for office and conferences,” has been the sales champion of the two-platform voice recorder category on JD.com and Tmall for three consecutive years. Among them, iFLYTEK’s smart voice recorder SR502 won the title of single product sales in the voice recorder category on Tmall’s platform on June 18. The product, iFLYTEK’s wrist-type voice recorder R1, has also won the double champion of Jingdong bracelet-type voice recorder in single product sales due to its advantages in expanding multi-scene applications.

When talking about voice recorders in the past, many people’s first impression is that they have a single function and do not meet the needs of contemporary people. As a result, voice recorders have always survived among their existing consumers. After the birth of the smart phone, the traditional voice recorder lost some of its users.

But in fact, it is understood that 81% of voice recorder users need transcripts, and the groups that use voice recorders are mainly white-collar workers, journalists and students. Based on the unsolved pain points of these traditional recording scenarios, iFLYTEK’s smart voice recorder was created as needed.

IFLYTEK has widely used AI voice technology in smart recording pens, so that consumers can quickly obtain the corresponding text after the recording is completed. And to meet the needs of consumers in different sub-scenarios, so that the traditional voice recorder exudes a new light because of AI.

For example, iFLYTEK’s SR series smart recorders are equipped with AI algorithms with independent intellectual property rights to reduce noise. They can use adaptive filtering to eliminate noise for sound source localization. The pickup distance can reach 15 meters and the human voice is clearer. At the same time, it also introduced seven scene modes such as speech, conference, interview, standard, memo, music, and power saving to meet the needs of different occasions. The functionally very practical iFLYTEK smart voice recorder has its own key content marking function. As long as you directly touch the screen during recording, you can add tags to key content. After the recording is over, you can search for keywords to view the highlighted key content, and it also supports simultaneous sharing and editing on multiple platforms such as mobile phones and PCs. Among them, in the function of transcribing, iFLYTEK’s smart voice recorder is more “precise”. With the support of a series of high-precision technologies such as microphone array smart pickup technology, smart noise reduction technology, voice transcription technology, offline transcription technology, Chinese and English translation technology, iFLYTEK’s smart voice recorder is accurate in a variety of work scenarios The sound pickup, even if it is 15 meters away from the target, or in a noisy environment, it can intelligently filter out the noise, and only retain the clear original sound of the target; after the recording is over, the manuscript is quickly transferred and saved, Intelligent upload to the cloud, and can also be transcribed and written operations without the network. The current smart voice recorder market is undoubtedly a red sea. In order to maintain its own technological competitiveness, HKUST Xunfei has set up technical indicators internally to achieve a 30% year-on-year technological growth. In the past ten years, R&D investment accounted for 20% of operating income. about. Accompanyingly, the situation of domestic smart recorder players has gradually become clear, and iFlytek is undoubtedly the leader. Based on the annual technological “involution” and product innovation, iFlytek will continue to innovate product forms and technology applications to empower industry upgrades

After renewing the contract with the National Centre for the Performing Arts, Gridsum will continue to provide its official website monitoring and analysis services through Web Dissector (User Behavior Monitoring and Analysis System, hereinafter referred to as WD). Gridsum WD is a data product that drives the optimization of online marketing effects of enterprises and the growth of enterprise users. It covers from PC-Web websites to Mobile-mobile pages, APP (native + Hybrid), WeChat applets, Douyin applets, and Alipay. Most brand owners’ first-party platforms, such as mini programs, can provide enterprises with a set of full-process data-driven solutions from collection, modeling, storage, and analysis.

The official website of the National Centre for the Performing Arts was launched in 2007 and has been with the National Centre for the Performing Arts for more than ten years. After iterative updates, for many years, adhering to the National Centre for the Performing Arts’ mission of “people, artistry, and internationalism”, the official website of the National Centre for the Performing Arts is committed to providing netizens with authoritative and rich theater-related information and content, creating a digital art palace, and transforming elegant art. It’s within reach. The National Centre for the Performing Arts has implemented large-scale, high-standard, and normalized operations. From 2007 to 2020, a total of 10,788 commercial performances were organized, and a total of nearly 13,000 various art education performances and activities were carried out. Over the past 14 years, more than 22 million spectators have entered the National Grand Theater.

As a partner of the National Grand Theater for many years, Gridsum has always provided customers with in-depth data insights based on its technical advantages in the field of big data and artificial intelligence, and empowered the National Grand Theater’s intelligent marketing decisions. Gridsum WD has become an assistance to customers in Internet marketing An auxiliary decision-making analysis tool for income maximization. The successful renewal of the contract this time also fully reflects the National Grand Theater’s full recognition of the technical capabilities and products of the National Doubles. At present, WD WD has formed a closed loop of full-link marketing from data collection -> data insight analysis and optimization -> user management -> user access, assisting the National Grand Theater to use data to determine user operations.

Taking the two characteristic functions of WD funnel chart analysis and heat map analysis as an example, through the funnel model, National Double can help the National Centre for the Performing Arts understand every core conversion path from its official website homepage to the performance ticket page, and even to the final payment page. Step-by-step loss and conversion, and then analyze the reasons for user loss, optimize the design of the core conversion path, and improve the conversion rate of the site; through the heat map analysis, frame selection of any area in the page heat map, and drill down layers for multi-dimensional analysis , Gridsum can help the National Centre for the Performing Arts gain insights into a series of key information such as the dramas and broadcast times that users are most concerned about, and continue to support the optimization of webpage A/B test, website revision design, improve user experience and retention, and promote user conversion.

For a single customer, the WD system can handle 100 million-level PV per day, which is an important manifestation of Gridsum’s computing power advantage. Computing power drives the future. After more than 10 years of iterative updates, WD has developed into a real-time, multi-terminal user behavior analysis and user operation intelligent platform, which has served more than 600 industries such as automotive, aviation, consumer goods, justice, and industrial Internet. The top paying customers drive the optimization of corporate online marketing effects and the growth of corporate users.

In addition to its powerful computing power advantage, Gridsum also has in-depth accumulation in algorithms. Using natural language processing and knowledge graph technology, Gridsum can make machines truly solve complex problems in the industry like human experts. With computing power and algorithms, it is also necessary to be able to achieve scene-based landing in the business in order to promote industrial upgrading and modernization of governance capabilities. After 16 years of intensive cultivation and accumulation, Gridsum’s computing power and algorithms have been implemented in scenarios such as consumer goods, automobiles, airlines, industrial Internet, and smart cities. Relying on the three core advantages of computing power, algorithm, and scenario implementation, Gridsum continues to contribute to the transformation and upgrading of the industry

(Picture source: “Aohua Finance Online”)

ASX200 Today’s chart

The turnover of ASX stocks reached 5 billion shares today, a slight increase from yesterday, and the turnover reached 14.3 billion Australian dollars, a substantial increase from yesterday. 749 stocks rose, 608 fell, and 435 closed flat.

The Australian dollar fell all the way from 76.42 US cents last night to the lowest of 75.40 US cents and then consolidated around 75.50 US cents. This afternoon, it fell sharply and rapidly again, reaching as low as 75.11 US cents and then rebounding. As of press time, it rebounded to 75.41 cents.

From the perspective of the disk, the rebound in the technology sector helped the Australian stock market to rise for the fifth consecutive week. company news: As far as this week is concerned, the four major banks collectively closed up. Among them, Commonwealth Bank’s share price climbed 2.3% to 103.69 Australian dollars, Westpac rose 2.2% to 26.88 Australian dollars, National Bank and ANZ Bank recorded gains of 1.5% and 2.6%, respectively. The plate closed at 26.87 Australian dollars and 28.98 Australian dollars respectively. The technology sector performed the best this week. The sector’s performance at the beginning of the year was disappointing, but the trend was strong throughout June. In this sector, the “buy first, pay later” giant Afterpay’s share price soared 10.5% to 114.40 Australian dollars, while its competitor Zip soared 13.8% to 8.14 Australian dollars. Accounting software company Xero and web-as-a-service company Megaport saw gains of 6.1% and 9.1% respectively, closing prices at A$142.25 and A$17.60 respectively. The health care sector also performed well this week. Among them, blood products giant CSL’s share price climbed 3% to 305.52 Australian dollars, respiratory equipment manufacturer ResMed soared 12.5% ​​to 31.91 Australian dollars, medical company Sonic Healthcare soared 6.2% to 37.81 Australian dollars, cochlear implant production. Cochlear rose 4.8% to 246.72 Australian dollars, medical imaging company Pro Medicus and biotechnology company Mesoblast saw huge increases of 10.9% and 7.9%, respectively, to close at 55.81 Australian dollars and 2.32 Australian dollars. Major miner stocks led the decline this week, as the Fed’s unexpected hawkish stance hit commodity prices this week. In this sector, BHP Billiton shares fell 5% to A$123.47, Rio Tinto fell 1.2% to A$123.47, FMG and South32 saw declines of 3.4% and 5.8%, respectively, with closing prices of A$22.42 and A$2.78 respectively. Gold mining stocks are one of the worst-performing sectors this week, because the price of gold plummeted after the Federal Reserve meeting. In this sector, Newcrest fell 8.4% to 25.96 Australian dollars, Northern Star fell 13.9% to 9.90 Australian dollars, Evolution fell 8.1% to 4.67 Australian dollars, Ramelius and Westgold saw declines of 7.9% and 8.5% respectively, and closed at the end. 1.75 Australian dollars and 2.05 Australian dollars. Supermarket giant Coles’ shares fell 1.9% to A$16.36. Previously, the company announced an additional A$300 million investment in fiscal year 2022 to accelerate the automation of its distribution centers. Coal giant Whitehaven Coal’s shares plunged 9% to A$1.91. Previously, the company lowered its production forecast, saying that coal production this fiscal year will be lower than previously expected. Reference: Australian Financial Review Disclaimer: This article is a financial observation and commentary and does not constitute any investment advice. Please ask professionals for trading operations or investment decisions. (Solemnly declare: ACB News “Australia Finance Online” reserves all copyrights for articles marked as original. Please indicate the source in any form of reprint.) More information 1 The Fed expects to raise interest rates, the Australian index will fall, most sectors have fallen by more than 1%, and technology stocks have risen against the market 2 China’s release of bulk commodity inventories, miner stocks and pressure on bank stocks, strong market and new highs 3 The Australian Index hit a record high driven by U.S. stocks, many stocks set new records, and technology stocks continued to rebound 4 This week, the market continues its strong new high. The technology sector is struggling to catch up with travel stocks, disappointing 5 The Australian index rose above 7,300 for the first time, and the real estate sector led the gains and the energy sector was weak 6 U.S. stocks are unreliable, and the Australian index declines, technology stocks fall, and miner stocks rise against the market

She is wearing a navy blue-style vertical striped jumpsuit with a slightly open neckline into a V shape, which has a French, lazy and romantic atmosphere. The hair styling with spray is very casual, just like a lens in a literary movie. Xu Qing deserves to be the actress who has maintained a long red in the entertainment industry. She is full of charm between her gestures and her gestures. She has always maintained a sideways sitting posture, cleverly showing a graceful posture, even if she does not stand upright, she looks slender. It is worth noting that this dress is an old dress she bought 11 years ago. In 2012, she wore a set of pictures, with classic patterns and concise version of the clothes, which will never be out of date. Back then, she wore braids and a straw hat, her style was more fresh and natural. When combing the braids, leaving a few strands of broken hair like Xu Qing’s, reducing age and having a romantic atmosphere on vacation. When she performed a drama nine years ago, she tailor-made a few pieces of cheongsam, which she has worn to fit her figure, which is enough to show her strong self-discipline ability. It can be seen from the backward movement that she is very thin and has a clear collarbone. No matter her skin condition or figure, she is not much different from the past, and she is completely unlike a 52-year-old person. Usually, she insists on sports such as boxing and yoga. She can exercise her body and keep her vitality. Even in the street snaps, she can see that she has a very good figure, and she is indeed the goddess of frozen age. With a young mentality, she tried the popular ear-dyeing in recent years when shooting blockbusters. The combination of black hair and colored hair is not too high-profile and difficult to control. A wrap-around backless dress shows the charming charm of mature women. She has her own unique clothes. When she was young, this set was outdated today. The loose-fit gray suit was built with a black low-collar bottoming shirt, and a small square scarf was used to break the dullness of color matching, and she was intellectually elegant. . She likes white shirts very much. The basic white shirt comes with a sense of air, and the cuffs are rolled up neatly, which can effectively neutralize the flamboyant feeling of the small fragrant sequin skirt. She usually dresses in a casual style, and will show herself generously when she walks on the red carpet. The V-neck slim sequin skirt makes her skin white and shiny, and it is full of extravagance with expensive diamond jewelry. Maintaining a good attitude and facing life with a positive attitude may be the reason why her charm has not diminished over the years. Which role of Xu Qing do you like? #许晴#、#如梦之梦#、#qipao# Author: Reid Editor in charge: Echo

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.

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.

The medical beauty business is growing fast, and women’s clothing is still the company’s largest business

Longzi shares three major business segments: fashion women’s clothing, medical beauty and green babies and children. Thanks to the popularity of medical beauty concepts, since 2020, the stock price of Langzi shares has risen by as much as 600% in the last 250 trading days. Langzi shares believes that this is related to the rapid growth of the company’s medical beauty business and the gradual increase in its contribution to the company’s overall profit.

The annual report of Longzi shares shows that in 2020, the company will achieve operating income of 2.876 billion yuan, a decrease of 4.35% from the same period of the previous year; net profit of 142 million yuan, an increase of 141.65% from the same period of the previous year. At a time when the revenue of women’s clothing and other businesses has declined due to the impact of the epidemic, the net profit of the medical beauty business, which is the second largest in revenue, reached 68,867,900 yuan, which contributed nearly half of the net profit of Langzi.

In its reply, Longzi shares stated that as of the end of 2020, the company has 19 medical aesthetics institutions, and the medical aesthetics business sector is also the key development direction in the near future, but it still needs long-term continuous intensive cultivation. The executives of Longzi shares also stated in investor relations activities that medical aesthetics is a long-term, heavy investment industry, and you must be patient with returns. The company will not change its long-term development strategy due to short-term market fluctuations. The development direction and strategic layout of Longzi Medical Beauty is very determined, that is, it adheres to the combination of endogenous growth and extensional expansion to implement the brand expansion plan.

At the same time, Longzi also clearly pointed out that as of the end of the first quarter of 2021, among the company’s three major business segments, women’s clothing is still the company’s largest business segment, and the company’s fundamentals have not undergone major changes.

Purpose of liquidation and reduction of holdings: It is to express the true meaning of supporting the children’s business

The fundamentals of Langzi shares have not undergone major changes. Since June, the stock price has changed its upward trend and has begun to fall, and it has even reached its limit for two consecutive trading days. The fuse that caused the stock price of Langzi to fall into a one-word limit is the company’s controlling shareholder, actual controller Shen Dongri and actual controller Shen Jinhua’s father Shen Bingyun’s clearance plan.

On June 4, Langzi disclosed the “Announcement on the Pre-Disclosure of Shareholding Reduction Plan for Shareholders” (hereinafter referred to as the “Announcement of Shareholding Reduction”), announcing that Shen Bingyun, the third largest shareholder of the company in the past eighty years, was based on his life It is planned to reduce all the shares held for the needs of arrangement and asset planning.

After the two lower limits on June 7 and June 8, the “Announcement on Receipt of Commitment Letters from the Actual Controller and Controlling Shareholders Acting in Concert” (hereinafter referred to as the “Commitment Announcement” According to China, Shen Bingyun promised that after the implementation of its share reduction plan, it will assist the strategic implementation of the medical aesthetics business of Langzi with no less than 500 million yuan through compliance channels and appropriate methods. In the view of the Shenzhen Stock Exchange, Shen Bingyun’s use of funds to reduce holdings is inconsistent.

In its reply, Longzi shares stated that Shen Bingyun confirmed that the real reason for the reduction was due to his advanced age and the needs of his own living arrangements and asset planning. The allocation of no less than 500 million yuan to support the development of the medical beauty business of Langzi shares is based on Shen Bingyun’s careful consideration and confidence in the company’s future development prospects and the development of the company’s medical beauty business, as well as supporting its children’s business. There is no conflict with the reason for the reduction in the real meaning made, and there is no inconsistency.

In the response, Shen Dongri, Shen Jinhua and Shen Bingyun all denied using the “Announcement of Commitment” to maintain the company’s stock price and cooperate with the share reduction.

In addition, in response to some non-compliance statements in the “Commitment Announcement” pointed out by the Shenzhen Stock Exchange, the supplementary announcement issued on June 15 by Longzi shares also clarified the performance method and time. Within 2 years of the expiry of the holding reduction period of this share reduction plan, Shen Bingyun will support the development of the company’s medical beauty business by providing loans and participating in the company’s establishment of a medical beauty industry fund. If after the expiration of the commitment period, Shen Bingyun provides the company with less than 500 million yuan in financial support, Shen Dongri promises to provide the company with the difference in financial support within one month according to the same performance method.

Longzi Medical’s 2020 performance commitment has been changed from “achieved” to “not touched on performance compensation”

In addition to supplementing some of the contents of the “Commitment Announcement”, Longzi shares also issued a correction announcement on the company’s “Expressions on the Performance Commitment of the 2020 Annual Report”.

In August 2019, Longzi shares issued shares to Shen Dongri and 4 other counterparties to purchase the remaining 41.19% of the shares of Longzi Medical and raised funds. Shen Dongri promised that the audited non-net profit of Langzi Medical from 2019 to 2021 shall not be less than 55.7 million yuan, 68.1 million yuan and 70.4 million yuan respectively. If the accumulated net profit achieved by Longzi Medical as of the current year does not reach the cumulative committed net profit as of the current year, the compensation obligation of Shen Dongri will be triggered in the current year.

In the 2020 annual report, the audited non-net profit of Longzi Medical in 2020 is 67,019,300 yuan, and the cumulative net profit from 2019 to 2020 is 133 million yuan, and the cumulative committed net profit is 124 million yuan. Longzi shares call it “Performance commitment has been fulfilled.” In its reply, Longzi changed the above expression to “the cumulative realized net profit is greater than the cumulative committed net profit, and performance compensation has not been touched”.

In addition, in view of the mismatch between the net profit and the net cash flow generated by operating activities in the first to fourth quarters of 2020, the company replied that the main reason was the impact of the epidemic, as well as the company’s women’s clothing business and medical beauty business. It is caused by the time difference between cash flow and operations, which is consistent with the company’s actual operating conditions. In addition, the fourth quarter net profit of Longzi shares was significantly higher than that of the previous three quarters, which was also related to the sales income generated by the sale of 7.14% of L&P’s equity in 2020.

As of the close of June 15th, Langzi shares closed at 45.52 yuan per share, a decrease of 1.11%, and the market value was about 20.1 billion yuan.

Beijing News reporter Wang Zhenzhen

Editor Zheng Yijia proofreads Yang Xuli

“The Traitor” is a new work by Director Zhou You. His last work was “The Ancient City of Ghost Blowing Lantern”. This is also his first work. As soon as he shot it, he shot a film and television work of Ghost Blowing Lantern that did not live up to the original.

The second work “The Rebel” was presented, which also did not disappoint the audience, and received rave reviews from the very beginning.

On June 15th, the Douban score of “Rebel” finally opened. As expected, it was indeed above 8 points and got 8.4 points. Among them, the five-star praise accounted for the highest proportion, about 42%, and the four-star praise accounted for about Is 39%.

At present, the number of ratings for “Rebel” has exceeded 110,000, and the popularity cannot be underestimated. It has also rushed to the top of the hot list of the entire network for many days, and took turns taking turns with “Fall in Love with Special Forces”.

Since its launch, the ratings have soared. On June 14, the live broadcast of “The Traitor” surged to 1.16%. Now it has gained an excellent reputation, and the ratings are fully capable of further soaring.

“The Traitor” has 43 episodes in total. Up to now, 22 episodes have been released and more than half of the content has been released. At the beginning of the story, the rhythm is fast, directly into the theme, and it creates a tense and exciting atmosphere of the spy movie.

As the episodes were broadcast one after another, the plot was ups and downs, Lin Nansheng found that Zhu Yizhen was suspicious, and began to approach her, intending to find out who the postman is.

Whether it’s Lin Nansheng, Chen Moqun, or Gu Shenyan, every key figure has an IQ online, and watching this one person fight wits and courage is addictive.

Moreover, the performance of the actors is even more remarkable. Chen Moqun played by Wang Yang is cruel and full of wisdom, and Gu Shenyan played by Wang Zhiwen is scheming. Wang Zhiwen’s acting skills perfectly interpret this role.

Not long ago, Zhang Yimou’s “Above the Cliff” detonated the box office, and now an outstanding spy war theme movie and TV work has been born: “The Rebel”, and then there will be a new spy war game “Infernal Affairs” starring Chen Daoming and Jin Dong. “, 2021 seems to be the year of the outbreak of spy warfare film and television works.

Economic Observer reporter Liang Ji The criminal detention did not delay the reduction of holdings. This operation by Pan Xianwen, the actual controller of Sansheng Co., Ltd. (002742.SZ), has aroused widespread suspicion, including the supervisory authorities.

On the evening of June 6, Sansheng shares announced that its controlling shareholder and actual controller Pan Xianwen was taken criminal detention by the public security authorities on June 1 for being suspected of manipulating the securities market. It is worth noting that on June 2, Pan Xianwen reduced his holdings of 150,000 shares of the company; his son Pan Chenggong also reduced his holdings of company shares from May 31 to June 2.

Investors in the secondary market “fried the pot”: Why did they make an announcement only 5 days after being detained? Why can the share reduction operation be completed during the period of criminal detention?

On June 7, Sansheng shares opened the limit lower. The Shenzhen Stock Exchange hurriedly issued a letter of concern on the above-mentioned matters on the same day. Sansheng Co., Ltd. stated in its reply announcement on June 10 that the relevant information disclosure obligors did not violate the relevant regulations on timeliness, and the aforementioned reduction was caused by the forced liquidation of the pledged stocks of the parties.

In fact, since June 2020, Pan Xianwen, the actual controller of Sansheng Co., Ltd., and those acting in concert have entered the fast lane of shareholding reduction. At the same time, Pan Xianwen and those acting in concert also had a high percentage of pledged shares held by them, and they were forced to liquidate their positions by institutions many times.

Since 2019, Sansheng shares have included a total of 16 violations involving short-term transactions by supervisors, criminal detention of the actual controller, and investigations by the Securities Regulatory Commission for violations of the company’s letter disclosure. Sansheng also stated in the announcement that the company does have internal control problems such as the actual controller overriding internal control.

In addition to the criminal detention of the actual controller, Sansheng also disclosed on June 10 that some of the company’s shares held by the actual controllers Pan Xianwen and Zhou Tinge were frozen by the judicial system; in addition, it also announced the chairman and general manager on June 1. Due to Pan Chenggong’s triggering of the default clause agreed in the Zheshang Securities Agreement, the stock may be subject to the risk of forced liquidation again, and Sansheng shares are still facing uncertainty in the future.

The actual accused triggered three consecutive questions after being detained

On June 6, Sansheng announced that the company received a notice from the family of Pan Xianwen, the controlling shareholder and actual controller of the company, that Pan Xianwen was taken criminal detention by the Chongqing Public Security Bureau on June 1 for suspected manipulation of the securities market.

Outsiders questioned the five-day time difference between Pan Xianwen’s Xingwen’s detention and the announcement of Sansheng shares.

Prior to June 3, Sansheng shares announced that Pan Xianwen reduced his holdings of 150,000 shares of the company on June 2, the day after he was detained; Pan Chenggong also added up from May 31 to June 2. Reduced holdings of approximately 2,799,500 shares, including approximately 1,905,500 shares that were liquidated.

According to the 2021 quarterly report of Sansheng Shares, among the top 10 shareholders of the company, the largest shareholder Pan Xianwen and the second largest shareholder Zhou Ting’e are husband and wife and the actual controller of the company. The third largest shareholder Pan Chenggong is the son of the two; the sixth largest shareholder Pan Xiandong He is the younger brother of Pan Xianwen, and Zhou Tingguo, the seventh largest shareholder, is the younger brother of Zhou Ting’e; the above-mentioned five persons constitute connected relationships or persons acting in concert, with a total shareholding ratio of 54.87%. As a listed company with a “family business” color, Sansheng shares are not unexpectedly questioned by investors whether the family intends to delay time in order to “precisely reduce their holdings.”

On June 7, the Shenzhen Stock Exchange issued a letter of concern, throwing out “three consecutive questions”: whether Pan Xianwen’s compulsory criminal detention measures violated the timeliness of information disclosure; Pan Xianwen was detained, and Pan Chenggong’s decision to reduce holdings In the process, whether there is a situation of “precise reduction of holdings” using undisclosed information in relevant sensitive period transactions and constitutes insider trading; whether the actual controller and persons acting in concert, directors, supervisors, and relevant insider information insiders have insider trading.

Attorney Xu Feng from Shanghai Jiucheng Law Firm told reporters that according to Article 85 of the Criminal Procedure Law, the public security organs shall, within 24 hours after detention, except for circumstances that cannot be notified or may hinder investigations. The family members of the detainee shall be notified; and after the situation that hinders the investigation disappears, the family members of the detainee shall be notified immediately.

Sansheng shares stated in a reply letter issued on the 10th that Pan Xianwen’s wife Zhou Ting’e had obtained the detention notice on June 1. However, due to his “lack of understanding of the nature of the matter and legal significance, and unwilling to increase the psychological burden of relatives” Inform others; after consulting with a lawyer, he informed his son Pan Chenggong on the evening of June 3rd. As the chairman of the company, Pan Chenggong held a senior management meeting in the morning of June 4th (Friday) to inform relevant matters. Obtained on June 6th (Sunday) The notification document was submitted to the company’s securities department for information disclosure. The company believes that the relevant letter disclosure obligor does not violate the relevant regulations on timeliness.

The announcement also stated that the aforementioned reduction was caused by the securities companies’ voluntary liquidation of certain company stocks pledged by the parties to AVIC Securities and Zheshang Securities due to the triggering of the default clauses agreed in the agreement in the pledge special transaction unit. The self-dealing behavior of the securities firm that occurred due to the breach of contract is purely passive reduction of holdings for the parties concerned, and the amount involved is relatively small, and there is no “precise reduction of holdings” using undisclosed information and constitutes insider trading.

Sansheng shares also stated that the company’s current operating conditions are normal and the governance structure is stable. The company’s board of directors and management will ensure the normal operation of the company’s business activities and continue to promote the company’s sound development in accordance with the established strategy and business plan.

“The actual controller overrides the internal control”

The reason why Pan Xianwen is suspected of manipulating the securities market is not yet known. What is certain is that over the years, Pan Xianwen and those acting in concert have gradually fallen into a situation of pledged shares, occupied funds, and reduced their holdings.

Public information shows that Pan Xianwen served as the director of Chongqing Jiangbei Gypsum Plant and Jiangbei Special Building Materials Plant from 1995 to 2002. Jiangbei Special Materials (the predecessor of Sansheng Co., Ltd.) founded by him was established in May 2002 and restructured into a joint-stock company in March 2010. It started with the development and manufacturing of gypsum resources, focusing on concrete-based building materials business, and in 2015 Landed on the Shenzhen Stock Exchange in February. However, since 2016, Sansheng has started the cross-border pharmaceutical industry. In 2016, Sansheng Co., Ltd. spent 258 million yuan to acquire 100% of Baikang Pharmaceutical; in 2017, it again spent 538 million yuan to acquire 60% of Chunrui Pharmaceutical.

Sansheng shares were listed on February 17, 2015. Soon after, Pan Xianwen started its pledge. Multiple announcements show that as early as May 2017, the pledge ratio of Pan Xianwen’s shares has reached 94.56%; the quarterly report of 2021 shows that the pledge ratio of Pan Xianwen, Zhou Ting’e and Pan Chenggong reached 97.66%, 83.98% and 100%, respectively.

When the road to pledge financing almost hit the ceiling, Pan Xianwen began to occupy the funds of the listed company.

In March 2019, the Shenzhen Stock Exchange issued a letter of concern to Sansheng shares, requesting the latter to check whether its prepayment balance increased significantly compared with the beginning of 2018 whether it was related to the occupation of funds by related parties. Sansheng shares replied that the company did use its suppliers to pay approximately 449 million yuan in advance to Qingfeng Health, which is controlled by Pan Xianwen, which constituted a capital occupation by related parties. As of April 2019, Qingfeng Health has returned all the principal and interest of the occupied funds.

In September 2019, the Chongqing Securities Regulatory Bureau issued an “Administrative Penalty Decision”, giving Pan Xianwen a warning and fined 900,000 yuan; in addition, Sansheng and its senior executives were fined 30,000 to 900,000 yuan respectively. Sansheng shares once said that the company and related parties will learn lessons and take this as a warning to take concrete measures to prevent this kind of situation from happening again.

However, Sansheng’s funds were occupied by the actual controller twice afterwards. In 2020, Pan Xianwen and his controlling company occupied a total of 188 million yuan of funds of Sansheng Co., Ltd.; in the first quarter of 2021, Pan Xianwen and his controlling company occupied a total of 89.1 million yuan of funds of Sansheng Co., Ltd. For such matters, Sansheng’s 2020 annual report was issued by an accounting firm with an unqualified opinion with an emphasis on the matter.

Sansheng shares stated that the above-mentioned capital occupation is that the actual controller is above the internal control of the company and transfers the funds to the company controlled by the actual controller. The company has not fulfilled the decision-making process of the board of directors and the general meeting of shareholders. The relevant person in charge of the Ministry conducted an internal notification of criticism and fines.

The reporter noticed that in the 2020 internal control self-evaluation report issued by Sansheng on April 28, according to relevant standards, the company has the defect that the actual controller overrides the internal control, which causes the actual controller to pass the supplier And related parties as a capital channel to occupy the company’s non-operating funds.

Senior investment banker Wang Jiyue told the Economic Observer that the actual controllers of listed companies override internal control and illegal occupation of company funds. This is actually a stubborn illness in the securities market, and it is also a problem that the China Securities Regulatory Commission has been focusing on and monitoring. However, at the operational level, the frequent occurrence of such problems is not necessarily caused by the imperfection of the relevant system, but the implementation of the system needs to be carried out by people, but the actual controller often lacks supervision in the company, resulting in the failure of internal control. .

Pledge of equity and illegal appropriation of funds are unsustainable, and Pan Xianwen and those acting in concert have also embarked on the path of reduction.

At the end of June 2020, Sansheng shares announced that Pan Xianwen intends to reduce the company’s shares by no more than 25.92 million shares, and the proposed reduction will not exceed 6% of the company’s total share capital. The reason for the reduction is personal funding needs. At the end of July of the same year, Sansheng shares announced that Pan Xianwen planned to transfer 21.6 million shares of the company at a price of 138 million yuan, accounting for 5% of the company’s total share capital.

In March 2021, Sansheng shares once again disclosed the share reduction plan of Pan Xianwen and his concerted person Zhou Ting’e. The two men calculated that they would reduce their holdings by no more than 25.92 million shares, and the proposed reduction would not exceed 6% of the company’s total share capital.

On June 10, Sansheng shares announced that some of the company’s shares held by the actual controllers Pan Xianwen and Zhou Ting’e were judicially frozen on June 9, 2021. 3,273,800 shares.

Regarding the above matters, the reporter called Sansheng shares, but the other party said that the company is now in a sensitive period and refused to be interviewed by the media.

On June 7th, the share price of Sansheng shares fluctuated and consolidated after closing the limit at 4.62 yuan. It closed at 4.76 yuan on June 11, a 28.7% drop from the April high of 6.68 yuan.

Supervise the rain

In recent days, Pan Xianwen is not alone in the actual controller of a listed company that has been subject to criminal detention measures. On June 7, Hongda shares announced that the company received a letter from the controlling shareholder Hongda Industrial that the actual controller of the company, Liu Canglong, was taken criminal detention by the Chengdu Public Security Bureau on suspicion of breaching trust and using entrusted property. In addition, Fucheng shares, known as the “first funeral and funeral share” of A-shares, in fact, the controller Li Fucheng was investigated by the China Securities Regulatory Commission for suspected short-term trading; Shao Kai, the director and general manager of China Holding Co., Ltd., who had left his post only three days, was suspected Insider trading has also been investigated by the Securities Regulatory Commission.

A senior investment banker of a large Shanghai securities firm told the Economic Observer that if the actual controller of a listed company is subject to criminal detention and compulsory measures, it should be because the circumstances are bad and the amount involved is huge, and the criminal liability stipulated by the criminal law has been violated. At the level of administrative penalties imposed by the China Securities Regulatory Commission.

Wang Jiyue believes that the above phenomenon on the one hand shows that the supervision and law enforcement agencies are increasing their crackdowns on the illegal activities of listed companies. On the other hand, it also shows that the actual controllers of listed companies still have more violations of laws and regulations. Some may be the malicious behavior of deliberately hollowing out listed companies, and some may also be due to the limited channels for major shareholders to reduce their holdings in order to solve the debt crisis or capital chain problems to quench their thirst. In fact, the actual controller’s occupation of listed companies’ funds was once alleviated, but this round of high incidence, he believes that the restrictions on holdings reduction rules and the background of the overall financial system to reduce leverage are also important inducing factors.

Zhou Maohua, a financial analyst at China Everbright Bank, told reporters that, judging from some cases in recent years, it is true that some listed companies have insufficient internal management systems, insufficient internal governance, and internal executive restraint and supervision. Some listed companies have “insiders”. “Illegal behaviors that damage the legitimate rights and interests of shareholders and investors are not conducive to the long-term and healthy development of the company, and are incompatible with domestic high-quality development requirements. However, for listed companies, market financing channels are unobstructed and diversified, and violations of actual controllers are more inclined to lack of corporate internal governance and fundamental issues of company development.

Zhou Maohua said that in recent years, China has deepened financial supply-side reforms, accelerated the completion of legal shortcomings in the regulatory system, promoted the sound management system of listed companies, improved corporate governance, and promoted the high-quality development of listed companies. Strict supervision and tightening of financial institution policies are forcing listed companies to regulate their operations, strengthen their main businesses, improve quality and efficiency, and achieve high-quality development.

During the “two sessions” this year, a member of the Chinese People’s Political Consultative Conference put forward the “Proposal on Further Improving and Clarifying the Scope of Legal Liability of Actual Controllers under Chinese Law to Increase Foreign Investment Confidence.” The China Securities Regulatory Commission stated that the next step will focus on continuing to cooperate with the legislature in making amendments, further improving the criminal liability provisions of the actual controller and cooperating with the revision of the “Company Law”, clarifying the actual controller’s fiduciary duty, and further improving the law on the actual controller. Responsibility regulations and other aspects were improved.

Wang Jiyue believes that the solution to such problems is that the annual audit accountant’s report and disclosure are required; the second is that if there is refinancing, the sponsor will focus on it; and the third is that local securities regulatory bureaus and exchanges will conduct routine inspections and concerns. Problems are found at multiple levels and punished promptly. However, he also said that it is still quite difficult to put an end to this situation.

Nandu Shenzhen Newsphone:0755-82121212

Southern Metropolis Reporter Huang Liangdong On the evening of June 15, Dongpeng Beverage issued an announcement stating that as of June 15, the company’s closing price was 209.1 yuan.At present, the company’s stock price has seriously deviated from the company’s fundamentals.SignificantHigher than the industry average, there is a risk of higher valuation. Since its listing on May 27, Dongpeng Beverage has harvested 13 consecutive daily limit. Prior to this, the company has issued two risk warning announcements on the abnormal fluctuations of the stock price’s consecutive daily limit.

Dongpeng Beverage said that from 2018 to 2020, the income of energy drinks accounted for more than 90% of the company’s total income. The product structure is relatively single, and the operating performance is highly dependent on the sales of energy drinks. Can it continue to respond to market changes in a timely manner in the future? There are certain uncertainties and risks. In addition, the company also has the risk of a relatively concentrated sales area, the risk of intensified market competition, and the risk that the promotion of new products falls short of expectations.In view of the recent fluctuations in the company’s stock price, investors are invitednoterisk.

Dongpeng Beverage is at risk of overestimation

P/E ratio is much higher than the industry average

As of June 15, 2021, the company’s closing price was 209.10 yuan, and the P/E ratio was 103.00 times, which was significantly higher than the industry average P/E ratio. In accordance with the relevant provisions of the “Shanghai Stock Exchange Trading Rules”, the company has disclosed the “Announcement on Abnormal Fluctuations in Stock Trading and Risk Warnings of Dongpeng Beverage (Group) Co., Ltd.” on June 12, 2021, after excluding the overall factors of the market , The company’s stock price has fluctuated greatly recently, and the turnover rate on June 15 was 15.34%.

Dongpeng Beverage said that at present, the company’s stock price has seriously deviated from the company’s fundamentals and is also significantly higher than the industry average. There is a risk of higher valuation.

Dongpeng Beverage faces a relatively single product structure

And the concentration of sales area and other risks

Energy drinks are the company’s leading product. From 2018 to 2020, the revenue of energy drinks accounted for 94.99%, 95.11% and 93.88% of the company’s total revenue, which accounted for a relatively high proportion. The relatively single product structure makes the company’s business performance more important than energy drinks. With a high degree of reliance on sales, there are certain uncertainties and risks in whether the future can continue to respond to market changes in a timely manner.

From 2018 to 2020, Dongpeng Beverage’s Guangdong regional sales revenue accounted for 61.10%, 60.12% and 55.74% of the company’s main business revenue, respectively. The company’s operating results depend to a certain extent onThe districtMarket conditions in the domain, ifThe districtChanges in consumer consumption habits in the domain will have a certain impact on the company’s future profitability.

Increased market competition in the energy drink industry

The company faces the risk of new product promotion less than expected

After years of development, my country’s energy drink industry has a relatively high degree of marketization, and well-known brands such as Red Bull, Dongpeng Special Drink, Lehu, Physique Energy, and Warhorse have been formed.With the rapid development of the industry, in recent years, some well-known companies have launched new energy drink products, such as Goo Ran under Uni-President, XS under Amway, and Yili underWake upThe competition is fierce. In the future, whether the company can continue to maintain its competitive advantage in the market and whether it can continue to respond to market changes in a timely manner remains uncertain and risky.

In recent years, the company has launched new products such as citrus lemon tea and Chen Pit drink, which has further enriched the product line. Although the new products launched by the company will undergo strict internal analysis and demonstration, preliminary market research and regional pilot projects, there may still be a risk that the new products are not fully recognized by the market.

At the same time, since new products usually require a certain amount of incubation time, more resources need to be invested in advertising, marketing and consumer promotion in the early promotion process. Therefore, some products may have lower profit margins during the incubation period. If the promotion of new products is effective Less than expected, it may have a certain impact on the company’s future operating results.

In the eyes of the industry, although rice has opened up a new scene of eating and catering for one person, convenience and speed are more important for young people today. This kind of light cooking rice is between self-cooking, takeaway and self-heating rice. From the perspective of the essence of the product, there is not much innovation. How to make consumers pay for repeated consumption after a few adventures has become a problem that fans need to face.

Expected revenue to exceed 60 million yuan

The light cooking rice brand Fanhu announced that it has completed two rounds of financing in the first half of this year, the angel round and the A round of tens of millions of yuan, of which the angel round financing was completed in February 2021, and it was exclusively invested by Qiaqia Food Family Fund Xinxian Capital. Ten thousand yuan RMB, A round of tens of millions of yuan in financing was completed in May 2021, led by Lenovo Star, followed by Zhuopu Investment. Both rounds of financing were funded by FoodPlus Capital, a boutique investment bank focused on the food and beverage industry, as the financial advisor. .

According to He Hua, the A round of financing will be used for brand marketing and supply chain optimization, in order to further consolidate Fanhu’s advantages in the field of light cooking rice and lay a solid foundation for Fanhu’s future growth.

It is understood that Fanhu is an emerging brand established in the second half of 2020. In January 2021, its products will be officially launched on the Tmall flagship store. By June 2021, the revenue will reach more than 5 million yuan, and the January revenue when the Fanhu product is officially launched is less than 100,000 yuan.

The product that Fanhu has already launched is the quick-cooking claypot rice, which can cook a pot of claypot rice with crispy rice in 15 minutes, and has achieved standardized cooking in different ways such as open flames, microwave ovens, rice cookers, and induction cookers. Currently, Fanhu’s products include Lamei Sambo Claypot Rice, Smoked Bacon Claypot Rice, and Chopped Pepper and Little Silver Fish Claypot Rice. Flavors under development include Xuanwei Ham Claypot Rice, Yunnan Style and Sichuan Style. The highest sales volume on Taobao is the Cantonese-style wax-flavored casserole claypot rice, with a monthly sales volume of more than 8,000 copies. The price with a casserole is about 28 yuan/box, and the price without a casserole is about 23 yuan/box.

Xinxian Capital Investment Director Liu Yuan believes that claypot rice originated in Guangdong and Guangxi but spreads all over the country. There is no obvious geographical restriction, the production process is complicated, and the requirements for raw materials, heat, and sense of operation are high. It is popular with consumers but difficult to achieve. Home-made products. Fanhu provides consumers with a complete set of product solutions, and provides consumers with raw materials and cooking tools casserole. This is precisely the biggest advantage compared to the existing self-heating claypot rice products. Fanhu cuts into the rice category through claypot rice, and expands to other categories related to rice and rice in the future, which has the potential to create a matrix of multiple explosive products.

Shen Meng, director of Chanson Capital, believes that Fanhu is in line with social consumption preferences, and the demand for products and services such as Fanhu has increased significantly in the habits of young people.

Regarding the planning of the future product line, Fanhu said that on the one hand, it will continue to cultivate claypot rice, and on the other hand, it will dig out special rice delicacies from various places. Fanhu has a certain degree of confidence in the light cooking rice market, and Fanhu has an expected revenue of 60-80 million yuan in 2021. In terms of market competition, Fanhu said that it will build core competition barriers from the aspects of market size, product mix and product strength, consumer perception, supply chain foundation, brand marketing and market launch.

Fanhu VS Instant Products, Takeaway

Fanhu regards ready-to-eat products as its main competitive category, which means that Zihai Pot, Kaixiaozao, Mo Xiaoxian and traditional instant noodles are all competitors.

According to Nielsen data, in the first half of 2019, China’s instant noodle market sales increased by 7.5% year-on-year, and overall sales increased by 1.4% year-on-year. Last year, the sales volume of instant noodles reached 40 billion packs. As an instant noodle “giant” company, Master Kong and Uni-President’s revenue and net profit have both achieved significant increases in 2020. Last year’s “Double 11”, since the hot pot sold 100 million in 21 minutes, becoming the first merchant to break 100 million in the convenience and fast food category on the day of the shopping festival. After experiencing the downturn in 2013, the instant noodle market in my country began to turn around in 2018 and 2019.

The food delivery industry also competes with Fanhu on the same stage. Our foreign sales market is in a stage of rapid development and has not yet reached saturation. Data shows that as of March 2020, the number of online food delivery users in China reached 397.8 million, and the utilization rate of food delivery users reached 44%; among them, the number of online food delivery users on mobile phones reached 39653 million, and the utilization rate reached 44.2%.

He Hua believes that the concept of quick-cooking rice is different from self-heating rice and frozen vegetables. Both self-heating rice and frozen vegetables are instant products, while the fast-cooking rice provides users with cooking solutions. The shelf life of Fanhu’s products is only 6-9 months. The ingredients are raw and do not contain any additives. “Different from the lazy house fast food on the market for the Z generation, Fanhu’s target users are positioned at the refined white-collar workers and senior middle class who are over 26 years old, have financial foundations and have requirements for dining quality, aiming at the homeowner table scene. Hua said.

However, economist Song Qinghui believes that rice is almost half-finished to provide pre-made meals, so it needs to be cooked with the help of open flames, microwave ovens, etc. This kind of one-person meal only solves the problem of raw materials, but does not solve the problem of cooking methods, especially For many office workers, the light cooking of rice seems to be just “changing the soup without changing the medicine.”

Some consumers said: “Claypot rice with casserole is actually very’chicken ribs’. Since it is already a fast-food meal, it is more simple and convenient. If you really want to cook by yourself, it will be more ritual. “Some netizens even said on Fanhu’s flagship store on Tmall: “Isn’t Meituan takeaway fragrant? You have to cook it yourself if it is expensive.”

There are also some consumers who bought the casserole because they bought rice and gave it to the casserole. However, in the evaluation of the Fanhu Tmall flagship store, there are not a few complaints about the quality of the casserole: “The casserole will crack after only one use.” “Don’t expect peace. The same casserole I bought.”

“Although Fanhu’s product positioning is healthier and better than instant products and convenience foods, and the segmentation level is higher, the price is also higher, and the targeted user groups may not be as big as lower-end products.” Shen Meng said that Fanhu has a certain market demand basis. If new products can be launched continuously, rapid growth may occur, but it also requires continuous investment of resources. Beijing Commercial Daily reporter Qian Yu Baiyang intern reporter Yan Hui (photo source: Fanhu Tmall flagship store)

[Note]Source: According to the Kantar Consumer Index of CCTV Market Research Co., Ltd., according to the data provided by the research on the purchase of natural herbal toothpaste from March 26, 2016 to March 26, 2021, from March 26, 2016 to March 26, 2021, a representative sample of 40,000 nationwide households. The CCTV market research company’s statistical area does not include Inner Mongolia, Xinjiang, Tibet, Qinghai, Ningxia, Hainan, and Hong Kong, Macao and Taiwan regions. Natural herbal toothpaste refers to toothpaste with herbal ingredients such as “Chinese medicine, honeysuckle” on the package or toothpaste with the words “ulcer, blood, inflammation, sterilization, periodontal, etc.” on the product package. At the ceremony, Yu Jian, general manager of Kantar Worldpanel Greater China, released the research data results on behalf of Kantar Worldpanel. Mr. Chen Mufan, regional executive director of Kantar Worldpanel, on behalf of Kantar Worldpanel, awarded Infinitus Kantar Consumer Index on-site Research data” statement, Ms. Zhang Ying, vice president of Infinitus (China) Co., Ltd., accepts the statement on behalf of. Kantar is one of the world’s largest observation, information and consulting companies. It is committed to providing professional and accurate market analysis for global companies. It has more than 60 years of experience in helping companies formulate brand strategies and market tactics. Its business covers the world. More than 50 countries. Kantar Worldpanel is one of the services of CCTV Market Research Co., Ltd. (CTR) in China. With its advanced data collection technology and professional data processing methods, it has become a local and multinational fast-moving consumer goods brand and private label manufacturer , Fresh food suppliers, retailers and other recognized “industry currency”. Kantar Consumer Index, based on the regional and city-level population structure released by the National Bureau of Statistics, combined with the current domestic family structure, family income and other dimensions, selected representative 40,000 urban sample households from 20 provinces and 4 municipalities. , Using advanced bar code scanning and collection technology to continuously monitor the purchase behavior of these consumers, projecting the fast-moving consumer goods purchases of 189 million urban households in China. Mr. Yu Jian mentioned that toothpaste is the most important oral care product for consumers in China. As of March 2021, China’s toothpaste market has continued to expand in the past year, and the natural herbal market segment has steadily increased. A study on the purchase behavior of natural herbal toothpaste from 40,000 representative households across the country from March 26, 2016 to March 26, 2021, found that Infinitus Phytophyte toothpaste has been in the competition for natural herbal toothpaste within five years Dao’s market performance is excellent, with its market share ranking first. Mr. Chen Mufan said at the award ceremony that the fast-moving consumer goods market has improved after the epidemic, and consumers’ recognition of local brands has increased. The continuous high-end phenomenon of fast-moving consumer goods in the past has been interrupted, and consumers tend to have a two-tiered trend of spending on different categories. Consumers now pay more attention to “self” and “health”. Based on the above trends, we believe that Infinitus Phytophyte toothpaste has a very good growth opportunity in the current environment. Ms. Zhang Ying said that for brands, the uncertainty caused by the epidemic is a touchstone. Only brands that persist in hard work and innovate to continue to meet consumer needs can they overcome uncertainty and achieve stability. The conclusion that Phytology toothpaste has ranked first in the consumption of natural herbal toothpaste in urban households in China for 5 consecutive years is a testament to Phytology’s long-term good reputation. At the awarding ceremony, Ms. Zhang Ying also announced the good news of the new upgrade of the Zhiya brand and two highlights: from washing to maintenance, providing consumers with overall solutions for the three micro-environments of body, hair and oral cavity; appearance; The image is upgraded in an all-round way, and the appearance value is added to ensure that the product is gentle and effective, while making the product packaging and touch more tasteful. Phytophyte toothpaste is one of the star products of Infinitus. It has been selling well for more than 20 years since its launch. From 2017 to 2019, it won the gold medal of the “World Quality Appreciation Conference” for three consecutive years. (CIS)

Brent oil price increased for 4 consecutive sessions on June 15. Photo: Reuters Ending the session on June 14, Brent oil price advanced 17 US cents to 72.86 USD/barrel. The price of this oil commodity at the beginning of the session jumped to $73.64 per barrel – the highest level since April 2019. The price of WTI oil fell 3 US cents to 70.88 USD/barrel, after touching $71.78/barrel at one point, the highest level since October 2018. The price of “black gold” has increased sharply in recent weeks thanks to a gradual recovery in demand for fuel in the context of many countries easing restrictions to prevent the Covid-19 epidemic. The International Energy Agency (IEA) on June 11 forecast that global demand will return to pre-pandemic levels by the end of 2022, faster than previously predicted. The IEA called on the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as the OPEC+ group, to increase supply to meet demand. The OPEC+ group has limited output to support oil prices after the Covid-19 pandemic caused demand to drop to a record in 2020. Indirect discussions between the US and Iran, and the remaining powers in the 2015 Iran nuclear deal, resumed on June 12 in Vienna (Austria). However, the European Union (EU) described this round of negotiations on the multilateral nuclear deal as “tense”. The US return to the Iran Nuclear Agreement, also known as the Joint Comprehensive Plan of Action (JCPOA), would pave the way for the lifting of economic sanctions on Tehran, thereby allowing the OPEC member This continues to export crude oil. However, financial consulting firm ING Economics said that the possibility of the US rejoining the JCPOA before the Iranian presidential election this weekend is very unlikely. Regarding supply, the OPEC + group recently decided to maintain the production agreement to support oil prices in the middle of the epidemic season. According to ING, additional supply from the OPEC+ group will be needed in the second half of the year, as demand is expected to continue to recover. However, the rally of oil prices in the session was also limited as investors cautiously waited for the outcome of the policy meeting of the US Federal Reserve (FED) from 15-16/// 6 to look for signals on when the central bank will begin to scale back its monetary stimulus measures.

18-year-old youth growing marijuana to soak alcohol: On June 8, the Bac Kan City Police Task Force discovered 13 cannabis plants, with a height of 80 to 120 cm, planted in an open field near Trieu’s house. Dinh Dung. At the police station, Dung said that because he wanted to soak alcohol, he ordered cannabis seeds on social networks to grow and take care of. The police made a record of the incident and confiscated all the cannabis plants. Foreigners growing cannabis on the Red River bank: On June 5, the police of Ngoc Thuy ward (Long Bien district, Hanoi) identified Tiberghien Frederec (SN 1966, French nationality, temporarily residing in Yen Bai). commit violations, grow cannabis plants and illegally store narcotics (dry cannabis) in the middle of the Red River. The inspection seized 115 fresh cannabis plants with a weight of 34kg and 40,268g of dried cannabis. Growing cannabis on the roof: On May 13, the Ha Dong District Police (Hanoi) made a report and confiscated many cannabis plants planted by Le Dinh Tuan (23 years old, residing in Ha Dong) on ​​his balcony. roof. At the time of inspection, there were 26 cannabis plants, 30 to 40cm tall, planted in small pots. Tuan claimed to grow this cannabis from March 2021 to soak alcohol. Planting hundreds of cannabis plants to feed the chickens: On April 28, a working group of the Krong Nang District Police, Dak Lak discovered in the garden of Mr. Mai Nam’s house (born in 1968, residing in Quyet Tam village, Ea Tan commune) grows 275 fresh cannabis plants, about 15-25cm in height and 54 dried cannabis stumps. Mr. Nam said, while traveling in a passenger car, a stranger gave cannabis seeds to plant to cure diseases of poultry. Growing cannabis to drink to prevent insomnia: On April 28, the police of Hoi An city, Quang Nam province checked a house in Cam Ha commune, Hoi An city led by Nguyen Thi V. (SN 1983, resident in Ha city). Noi) and her husband rented to live. Through the tally, there were 17 cannabis plants. V. confessed that while living here, she often suffered from insomnia, so she researched online to buy cannabis seeds to plant, then used to drink to treat insomnia. A Canadian man planted nearly 500 cannabis plants at his wife’s house: On April 7, the police of Phan Thiet City, Binh Thuan province administratively inspected the house of Mrs. Hoang My Hanh (31 years old, Thien Son hamlet, Thien Nghiep commune). Currently, her husband, Mr. Glen Jeffrey Evans (54 years old, Canadian nationality) grows cannabis on the property. Through the tally, there were 476 cannabis plants, the tallest about 2m, the lowest about 20cm. Mr. Glen Jeffrey Evans claimed to grow the above cannabis for the purpose of “treatment”. Growing cannabis to… soak alcohol and raise fighting cocks: On April 13, Ngoc Lam Border Guard Station discovered that the object of Bui Van Dai’s home garden (30 years old, residing in Phuc Thang commune, Nghia Hung district, Nam Dinh) was illegally planted. 18 cannabis plants. Through the struggle to exploit Bui Van Dai, the Ngoc Lam Border Guard station discovered two other subjects who also planted a total of 24 cannabis plants in their home garden. The subjects cultivated cannabis to soak in alcohol and raise game chickens. Planting hundreds of cannabis plants, feeding chickens to fight diseases: On March 3, the police of Ea Tan commune (Krong Nang district, Dak Lak province) checked and discovered in the coffee garden of Mrs. Vo Thi Nga’s family (44). age, living in Ea Tan commune) has grown a large number of cannabis plants. There are a total of 375 cannabis plants, ranging in height from 30cm to 1.6m. Nga declares that the plant is planted to feed chickens and prevent disease. Growing thousands of square meters of cannabis plants to raise pigs: On December 24, 2020, the police of Dak G’long district, Dak Nong district checked and caught Tran The Dai and Pham Van Son in the act of growing and tending. squirrel illegal cannabis plants in the upland area of ​​Quang Son commune. Police discovered 1,263 cannabis plants, grown on an area of ​​nearly 1,000 square meters, in the swidden area and 215 young cannabis plants being nursed in plastic bags and a number of related items. The subjects admitted, the purpose was to “serve the treatment of livestock diseases, feed pigs and chickens to grow quickly”…. Watch more videos: An Giang: Detecting households growing illegal cannabis plants. Source: Dong Thap Television Station.

Edit｜ Zhang Yating

On April 28, the Securities Regulatory Commission’s website pre-disclosed China Telecom’s prospectus. Yesterday, China Telecom’s application for the issuance and listing of A shares was accepted by the China Securities Regulatory Commission.

According to the prospectus, subject to regulatory requirements such as the minimum issuance ratio in the place of listing, China Telecom intends to publicly issue no more than 12,093,342,392 A shares (that is, no more than 13% of the total issued share capital after the issuance, and before the over-allotment option is exercised) ). At the same time, China Telecom can authorize the lead underwriter to exercise the over-allotment option under the premise of complying with laws, regulations and regulatory requirements, and the over-sale of A shares does not exceed 15% of the number of A shares issued (before the over-allotment option is exercised). .

China Telecom intends to take advantage of the opportunity of issuing A shares to introduce strategic investors with complementary advantages and synergy effects with the company, further improve corporate governance and market-oriented operation mechanisms, expand the ecological territory, and enhance the company’s products and services, technological innovation and other fields. Comprehensive Competitiveness.

In terms of operating performance, China Telecom has seen steady growth in operating revenue in recent years, leading the industry in service revenue growth for many years, and increasing net profit year by year. In 2018, 2019 and 2020, operating income was 374.929 billion yuan, 372.20 billion yuan and 389.939 billion yuan, and the net profit attributable to shareholders of the parent company was 20.432 billion yuan, 20.521 billion yuan and 20.855 billion yuan, respectively.

In terms of business development, China Telecom ranks first in the industry in a number of indicators. As of December 31, 2020, the scale of mobile users has reached 351 million, and the number of net additions has led the industry for three consecutive years. Among them, 5G package users have reached 86.5 million, with a penetration rate of 24.6%, ranking first in the industry. In 2020, the industry’s digital revenue reached 84 billion yuan, ranking first in the industry; Tianyi Cloud ranked first in the global operator public cloud IaaS, and its revenue scale ranked first among domestic operators; IDC resources have the largest number and widest distribution , Is the largest IDC service provider in China.

In terms of reform and innovation, China Telecom has made remarkable achievements in technological innovation, promoting independent control of core technologies in the fields of cloud-network integration, 5G, security, Internet of Things, and smart homes. Actively undertake major national scientific and technological research tasks. Since 2018, it has undertaken a total of 26 national key scientific and technological research and development projects. In 2020, 40 international standardization projects will be completed. As of the end of 2020, the number of valid patents has exceeded 3,000. China Telecom implements the strategy of strengthening the company with talents and builds a talent team with differentiated competitive advantages. Implementing a market-based incentive mechanism, according to the latest value-added rights plan in 2021, and in accordance with the principles of “divided by contribution”, “divided by potential”, and “acquired by performance”, 8,239 core staff members were granted approximately 2.412 billion shares of stock appreciation rights. Vigorously promote the market-based selection and employment mechanism, and continue to increase the introduction of 5G, cloud-network integration, and ABCI related talents.

In terms of the use of raised funds, the net funds raised this time are planned to be used for 5G industrial Internet construction projects, cloud-network integration new information infrastructure projects, and technological innovation research and development projects. The total investment scale in the next three years will be 102.1 billion yuan, of which, it is planned to use The amount of raised investment funds will reach 54.4 billion yuan.

Through the in-depth implementation of the “cloud-to-digital conversion” strategy and this A-share listing, China Telecom will comprehensively enhance the company’s competitiveness, innovation, control, influence, and anti-risk capabilities, and strive to build a service-oriented, technology-based, and secure enterprise . Looking forward to the next three years: China Telecom’s technological innovation capabilities and talent innovation vitality have been significantly enhanced, the industry’s digital expansion capabilities have been significantly improved, the business structure has been further optimized, and the proportion of industry digital revenue has increased year by year. The layout of the strategic emerging industry segments has been further strengthened, the development model and growth mode have been effectively transformed, the operating income has grown steadily, the income and profit margin has been steadily improved, and the value of the company has been newly improved.

The Northeastern provinces today also started to have local heat with the highest temperature of over 35 degrees Celsius. In Hanoi, the highest temperature of the day is up to 33 degrees Celsius, it is cloudy but the air is still hot. , the temperature increases rapidly in about 12-16 hours. The heat wave in the North is likely to last until April 25. Immediately after that, the area received 2 consecutive cold air waves. On April 26-28, the weather in Hanoi and the Northern provinces turned cold with large-scale thunderstorms. Photo: Duy Hieu. Specifically, the meteorological agency said early next week, a wave of cold air appears compressing the low pressure trench will cause showers and thunderstorms on a large scale in the North and North Central provinces. On April 26-28, the weather turned cool, but accompanied by extreme thunderstorms. On April 29-30, another cold air appeared, combined with high wind convergence, continued to cause moderate rain, heavy rain for the two areas above. Experts warn that on small rivers and streams in the northern mountainous region, a flood is likely to occur with flood amplitude up to 1-3 m. Flash floods and landslides are likely to occur in the mountainous provinces of the Northwest and North Vietnam. Thus, on the occasion of the holidays April 30 to May 1, the weather in the North is likely to turn badly. It is cold, some places turn cold, accompanied by thunderstorms. According to the forecast page Accuweather , in Hanoi, the lowest recorded temperature in the coming cold wave is 25 degrees Celsius. It will be chilly, with showers and thunderstorms continuously on April 26-28. After that, the rain fell. In Ho Chi Minh City and the Southern provinces, local thunderstorms still appear, focusing on the afternoon and evening. In the last 10 days of April, the Central Highlands and the South had many days of showers and thunderstorms. People need to be on the lookout for cyclones, lightning, hail and strong winds. Meanwhile, the water level upstream of the Mekong River continues to rise with the tide. The meteorological agency said saline intrusion in the Mekong Delta increased gradually and is likely to reach its highest level in the last days of April. On April 23, many places in the Northwest recorded a popular temperature of 35-38 degrees Celsius. The hot sun extended to most of this area and spread down the central provinces. The highest temperature observed during the day is 40 degrees Celsius in Muong La (Son La).

Lionel Messi. With two recent goals scored for Barca, Messi has increased the total number of goals in La Liga 2020/21 so far to 25, leaving the 2nd ranked Karim Benzema 4 goals. Gerard Moreno (Villarreal) and Luis Suarez (Atletico) take the next two positions with 5 goals and 6 fewer goals than the Argentine superstar – a relatively large difference in the context of the season with only 6 rounds left. lowering the curtain. With Messi’s current remarkable scoring ability, the chance for Benzema to catch up is relatively low. In addition to leading the list of top scorer, Messi is also at the top of the list of assists in La Liga 2020/21 with 11 goals for his teammates. In the past, Messi had 7 times won Pichichi in the seasons 2009/10, 2011/12, 2012/13, 2016/17, 2017/18, 2018/19 and 2019/20. In four consecutive seasons, this award has not escaped the 33-year-old striker and the 2020/21 season is likely to be no exception. Getafe is also the 7th team in La Liga that Messi has conceded twice this season after Bilbao, Granada, Alaves, Elche, Huesca and Real Sociedad. Currently, Barca is ranked 3rd in La Liga 2020/21 with 68 points, 5 points behind the top team Atletico but less than 1 match.

Source: GPLP Rhino Finance (ID: gplpcn)

“The first stock of children’s clothing” Annel (002875.SZ) performance report was released. Following the “cutting” of its performance in 2019, its net profit in 2020 has fallen sharply.

On April 15, Annel released the 2020 annual performance bulletin, stating that it achieved operating income of 1.257 billion yuan, a year-on-year decrease of 5.26%; a net loss of 47,783,900 yuan, a year-on-year decrease of 213.45%.

(Source: Annell’s 2020 performance bulletin)

Public information shows that Anner was founded in 2001 and listed on the Shenzhen Stock Exchange in 2017. It is mainly engaged in mid-to-high-end children’s own brand clothing, which is known as the “first share of children’s wear.”

Net profit declined for two consecutive years

Regarding the changes in performance, Annaer said that due to the impact of the new crown epidemic, its operating income has declined compared to 2019. The direct sales model has caused the related labor costs, rent and management expenses involved in the external lease of stores to remain relatively rigid. , The provision for asset impairment on the balance of long-term equity investment has caused certain adverse effects on its net profit.

At the same time, according to the announcement, Anner’s 2020 operating profit loss was 57.015 million yuan, a year-on-year decrease of 217.18%; the total profit loss was 56.809 million yuan, a year-on-year decrease of 216.02%.

As the “first share of children’s clothing”, Annell, is the decline in its net profit only due to the impact of the epidemic?

In fact, before the epidemic began, Annel’s performance had fallen sharply, and its net profit in 2019 fell by nearly 50% year-on-year.

In 2019, Annel achieved operating income of 1.327 billion yuan, a year-on-year increase of 9.41%; realized a net profit of 42.117 million yuan, a year-on-year decrease of 49.49%. The increase in revenue did not increase profit.

(Source: Annel’s 2019 Annual Report)

Annelle did not specifically explain the decline in its net profit in the 2019 annual report.

It is worth noting that the net cash flow generated by the company’s operating activities in 2019 was -46,172,700, a year-on-year decrease of 203.51%. It is understood that this is the first operating cash flow of Annel since its performance was disclosed in 2012. negative.

Business problems “misfortune never comes singly”

Seeing that the performance fell into the situation of “increasing revenue but not profit”, Annal began to find a way to solve it, but the results were very low.

In 2019, Annier increased its capital in Xinyu Infant with 24 million yuan in cash, obtained a 20% stake in Xinyu Infant, and appointed directors, and announced that it will form a synergistic effect with the well-known brand “Sunshine Mouse” under the cooperative enterprise.

Unfortunately, this cooperation lasted less than a year and ended in failure, and the synergistic effect that Annael hoped to form was not achieved.

Affected by the epidemic, Xinyu Yingtong suffered successive losses, coupled with a series of problems such as improper internal management of the company, until 2020, the company has been unable to issue even its annual financial statements.

When I met Xinyu Yingtong, I thought it was already a headache for Annel, but I didn’t expect that the problem that made him even more headache occurred in the same year.

At the beginning of 2019, Annel was brought to court by Honglian International. Honglian International filed a prosecution with the court on the grounds that Annel infringed on its 5 trademark rights, demanding that Annaer stop the infringement, publicly apologize and compensate 61 million yuan for economic losses.

In the end, Annal lost the lawsuit and compensated the other party with 3 million yuan.

However, misfortunes never come singly. After entering 2020, a large number of Annel’s stores have closed down, from 1,505 in 2019 to 1,280 by the end of 2020.

The children’s clothing industry should have been the most potential sector in the footwear industry. In recent years, the compound growth rate of the industry has exceeded 12%. However, the net profit of Annelle has been declining successively. Is the children’s clothing “not easy to sell”? Or is it Annell’s “not selling well” children’s clothes?

(This article is for reference only, and does not constitute investment advice, and operates at your own risk accordingly.)

Cathy Wood’s Ark Fund, known as “Female Buffett,” bought nearly $250 million worth of shares in the largest U.S. cryptocurrency exchange on the first day of listing on Coinbase on Wednesday, and bought another 110 million worth of shares on Thursday. U.S. dollar shares.

Ark Innovation ETF, Ark Financial Technology Innovation ETF and Ark New Generation Internet ETF bought 749,205 Coinbase shares on Wednesday. Based on Wednesday’s closing price, it is worth about 246 million US dollars.

On Thursday, the three funds bought a total of 341,186 shares of Coinbase, which is worth about 110 million U.S. dollars based on Thursday’s closing price.

The first share of the cryptocurrency exchange, Coinbase, was officially listed on the Nasdaq (14038.7632, 180.92, 1.31%) on Wednesday, with the stock code “COIN”. It rose by about 52% on the first day of listing, and the opening price was reported at $381, an intraday increase. It reached 70%, and its market value exceeded US$100 billion, reaching US$112 billion at one time. However, the stock price fell all the way and fell below the opening price. As of the closing stock price rose 31.31%, and the market value exceeded US$64.5 billion.

On Thursday, the stock fell 1.68% to close at $322.75.

Source: Sina.com

Beijing time on April 16, news that the NBA regular season will continue today, with the Cavaliers facing the Warriors at home. In this campaign, both sides fought back to back, and their physical fitness was affected to a certain extent. Curry didn’t find a three-pointer until the second half. He made only 4 of 13 three-pointers, but he still led the team with his rich offensive methods, and finally helped the Warriors beat the Cavaliers 119-101 and harvested a four-game winning streak.

Four quarter score (Warriors first): 28-31, 35-21, 26-27, 30-22

precise data:

For the Warriors, Curry scored 33 points and 5 assists, Wiggins 23 points, 6 rebounds and 6 assists, Anderson 20 points, Damian Lee 11 points, Poole 14 points, Green 5 points, 10 rebounds and 8 assists.

For the Cavaliers, Sexton contributed 30 points, Garland had 20 points and 7 assists, Jarrett Allen had 17 points and 14 rebounds, and Prince had 12 points.

At the beginning of the first quarter, Okoro was very active on the offensive end and succeeded in making two empty cuts and layups. Wiggins was unwilling to show weakness and scored 5 points in a row from inside and outside. After that, Sexton took over the Cavaliers’ offense. He could play indiscriminately against anyone’s defense, and scored 14 points in a single quarter on his own. Curry was inaccurate on the outside and frequently shot and hit the iron, and could only rely on hitting the basket to score difficult points. At the end of the first quarter, the Cavaliers temporarily led the Warriors by 3 points.

Entering the second quarter, the Warriors’ second lineup played well, Poole hit two three-pointers in succession to lead the team to overtake the score, Wiggins was very active and made many mid-range shots, Damian Lee also frequently scored inside points. The Cavaliers stepped forward, making three-pointers and hitting the team to chase points, but Curry returned to the court and hit the basket three times to stabilize the situation. After halftime, the Warriors led the Cavaliers 63-52.

Fighting on the opposite side again, Sexton made 5 points in a row and blew the counter-attack horn, while Green and Wiggins hit three points in a row to stop the bleeding in time. Since then, Prince began to explode, proficient in three-pointers, layups, and mid-range shots, once helping the team to narrow the point difference to only 4 points. At the critical moment, Curry finally found his long-range shooting touch and scored two goals from outside the three-point line. At the end of the three quarters, the Warriors still lead the Cavaliers by 10 points.

Entering the final quarter, Anderson suddenly broke out. After completing a dunk, he hit two three-pointers in succession. Sexton saw that the point difference was opened and decisively strengthened his personal offense. He even scored 9 points with penalty shots to retain hope. After that, Curry returned to the court to start the game, and he teamed up with Wiggins to score four three-pointers and reopened the gap. Since then, the Cavaliers saw the turn of the game and hoped that they would retreat from the gold, and the Warriors easily accepted a victory.

Both parties start:

Warriors: Curry, Wiggins, Bazemore, Drummond Green, Rooney

Cavaliers: Garland, Sexton, Okoro, Love, Jarrett Allen (Jeremyliu)

On April 16, Beijing time, the NBA’s new season regular season continued. As a result, the Bucks defeated the Hawks 120-109 and achieved a three-game winning streak, further consolidating the third position in the Eastern Conference.

Full-time data

33-29, 31-23, 30-30, 26-27 (Eagle is behind)

For the Bucks, Antetokounmpo 15 points and 5 rebounds, Middleton 10 points, 9 rebounds and 7 assists, Lopez 19 points and 12 rebounds, Holiday 23 points and 7 assists, Teague 11 points, Connaughton 14 points and 8 rebounds, Portis 11 points and 7 rebounds

For the Hawks, Hill 18 points and 5 rebounds, Capela 16 points and 16 rebounds, Bogdanovic 28 points, 6 rebounds and 7 assists, Hugh 14 points, Trey Young 15 points and 9 assists

Game review

After the start of the game, Antetokounmpo, who returned after 13 days, scored 2 points first, then Hutte scored a jumper, Solomon Hill succeeded with a 3-pointer, Capela scored a layup, and Antetokounmpo scored consistently, Bogdanovic Scored a 3-pointer to counterattack, Lopez also hit a half-stop, the two sides refused to give each other. Then Lopez succeeded with 3 points, Holiday also made all free throws, Antetokounmpo scored, then Capella and Forbes scored each other, Bogdanovic also made a mid-range shot, Connaughton succeeded with 3 points, Bogdan Norwich hit a 3-pointer, Knight made two free throws, Connaughton succeeded with a 3-pointer, and Tucker also hit consecutively to help the Bucks gain a 4-point advantage at the end of the first quarter.

In the second quarter, Okonwu scored a layup, and then Connaughton replied for a breakthrough. Then Luwei broke through and scored. Hutte succeeded in a jumper, but Lopez immediately replied. Then Luwei scored a jumper, but Middleton made a 3 Hutte also scored a jumper, then Bogdanovic succeeded with a 3-pointer, then Forbes made a long-distance 2 point, then Forbes scored a jumper, Lopez also made a 3-pointer, and then Teague cut into a dunk and scored Holler. Di also succeeded with 3 points and widened the score gap. After Bogdanovic scored a jumper, Teague made two free throws, Holiday and Hill scored each other, Teague scored a breakthrough throw, and the score gap came to 12 points.

In the third quarter of the game, Bogdanovic scored a layup, and then he made a 3-point jumper to narrow the gap. Solomon Hill also kept up with 3 points, and the difference between the two sides was only 4 points! After the timeout, Holiday broke the scoring drought with a free throw, Capela responded to the basket attack, and Forbes scored a stable jump shot at the critical moment, then Hutt succeeded with a 3-pointer, Solomon Hill also hit a 3-pointer with a jumper, and Antetokounmpo layup To score, Trey Young scored 2+1, Middleton scored a jumper, Bogdanovic succeeded with 3 points, Middleton immediately responded with 3 points, then Lopez scored 2+1, the Eagles rely on Trey- Yang’s score has been stabilized at 4 points, but at the last moment, Connaughton made a key 3 points. Portis and Teague also contributed. After Tucker made a 3-pointer, the score gap came to 12 points again.

In the fourth quarter, Portis succeeded with 2 points, then he scored a layup, Hill hit 3 points, Middleton immediately scored a jumper, then Capela hit the basket, Portis succeeded with 3 points, Antetokounmpo also Continuously scoring, Holiday succeeded by 2 points, Capela dunked from the basket, but Holiday immediately broke through the dunk, the score gap came to as much as 19 points! Capella then scored a tip and Hutte also made 3 points. After Trey Young scored consecutively, the point difference came to 8 points, but Lopez and Connaughton scored 5 points in a row and completely sealed the victory. (LaMarcus)

Bucks starting

Antetokounmpo, Middleton, Lopez, Holiday, Forbes

Eagles starting

Solomon Hill, Capela, Trey Young, Bogdanovic, Hutte

The Japanese wear a Covid-19 fashion mask. Photo: Japan Times.

Minister of Health and Labor Tamura Norihisha in today’s press conference when it comes to Japan’s implementation of the Covid-19 translation of emergency, said, will first consult with experts. and the government will make the final decision.

The expert said that in case strong measures to prevent the spread of infection are not effective, the declaration of a return of emergency should also be taken into account. The Minister of Health and Labor affirmed that before it comes back to declaring a state of emergency, what needs to be done is extremely important.

Meanwhile, Economic Reconstruction Minister Nishimura cum in charge of epidemic prevention said that he had reported to the House of Representatives on the situation of the new virus infection in Kanagawa, Chiba, Saitama, Aichi provinces … and measures. strengthen prevention of the spread especially before there is a possibility of re-declaring emergencies in these areas. These are the provinces and cities where the rate of new virus from the UK and South Africa has increased rapidly despite high warning levels.

Accordingly, this measure will not only include an average assessment of the infection rate among young people, the number of cases, but also pay attention to the participation of the people. Specifically urged people to limit traveling to other provinces when they are not needed, even during long holidays from the end of April to the beginning of May, not neglecting the strict implementation of measures to prevent infection in Vietnam. restaurants and bars.

Since Japan abolished its second emergency in early March, the number of new infections has continuously increased. Some prefectures such as Osaka, Aichi, Hyogo … the number of infected cases skyrocketed, some even surpassed Tokyo, which has always had the highest number of new infections since the outbreak of the new virus.

Yesterday (April 15), Japan recorded 4576 new cases, of which serious infections also increased.

The Covid-19 vaccination operation is still underway. Expected early next May, objects are the elderly and foreigners will be vaccinated. Currently, Japan is still actively promoting connections with international pharmaceutical firms to buy more vaccines. Japanese Prime Minister Suga Yoshihide is visiting Japan and is expected to have a phone call with the owner of the US pharmaceutical company Pfizer to increase vaccine imports in the near future.

Meanwhile, according to a report by the Ministry of Health of Thailand, today (April 16) this country recorded nearly 1,600 new cases of Covid-19. This is the highest number of cases per day since the outbreak of the pandemic, in the context that the Southeast Asian country is facing the third wave of infections of the Covid-19 epidemic.

According to Thai officials, the country currently has no new deaths, but the number of new infections has increased sharply in the past week, bringing the total number of cases to more than 39,000 cases, putting the risk of overloading the health system. Therefore, the Thai Ministry of Health yesterday (April 15) had to warn, if hospitals and clinics refuse to receive treatment for Covid-19 patients, they will be handled according to the provisions of the law.

In India, data released by the Ministry of Health today (April 16) shows that, in the past 24 hours, the number of new Covid-19 cases has increased to a record of more than 217,000 cases. This is the record increase for the 8th time in 9 days in India. The total number of cases in this country is nearly 14.3 million cases, behind the US with more than 31 million cases. In addition to the above cases, the total number of deaths caused by Covid-19 also increased by nearly 1,200 people, to more than 174,000 cases./.