Previously, yellow dragon fruit was classified as a strange fruit, so the price was much higher than the familiar white or red dragon fruit. A few years ago, golden dragon fruit cost from 150,000 to 200,000 VND/kg. Photo: E Food E Good However, from last year until now, yellow dragon fruit has been constantly on the roadside, selling cheap lottery. Photo: Workers According to Labor Newspaper, recently, the area near Ba Chieu market (Binh Thanh district) sells yellow dragon fruit for only 15,000 VND/kg. Photo: Workers Sharing on Labor, Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association said that unique products are priced high when the goods are scarce, but when they are grown more, the product will return to its true value. Photo: Caygiongmoi. Moreover, yellow-skinned dragon fruit is not outstanding compared to red-skinned, white-fleshed dragon fruit in terms of nutritional value, so the market for yellow dragon fruit is quite narrow. Photo: Internet A few years ago, Australian mangoes with red rose skin, weighing 5-7 ounces, large ones that can be up to 1 kg / fruit, made many consumers curious. Photo: Facebook. This type of mango has a selling price ranging from 40,000-50,000 VND/kg. Photo: Facebook. However, this year due to the impact of the epidemic, the price of red Australian mangoes dropped sharply, only 2,000-3,000 VND/kg. Photo: Zing. Similarly, giant Taiwanese mangoes 5-6 times bigger than other mango varieties attract the attention of many housewives. Photo: Vietnamnet Similarly, giant Taiwanese mangoes 5-6 times bigger than other mango varieties attract the attention of many housewives. Photo: Vietnamnet However, since the Lunar New Year 2021, Taiwanese mangoes are only 3,000 VND/kg. Photo: Vietnamnet Video: Dragon fruit price reduced to only half after 10 days. Source: VTV24

The beauty born in 1986 appeared in Los Angeles (USA) with a bold “freestyle” style. She combines a nude mesh shirt, a loose black blazer, and gray baggy jeans that look very youthful, personality and also very sexy. Megan Fox is famous for her taste buds and never seems to disappoint fans with her fashion sense. Every time she appears in public, she attracts all eyes, as beautiful as a fanhionista on the street. Since breaking up with her husband and sticking with young love Machine Gun Kelly, 4 years younger than her, the “Transformers” actress has increasingly dressed in bold, sometimes rebellious sexy clothes. To come to her current love, Megan Fox ended a 10-year marriage to actor Brian Austin Green (from 2010 to 2020). The two have 3 children together. She and male singer Machine Gun Kelly publicly had a relationship in May 2020 after meeting on the set of “Midnight In The Switchgrass”. Photo: The “ton sur ton” couple on the red carpet of the Billboard Music Awards 2021 in May. Both claim to love each other at first sight. Since being attached, the couple is often caught “sticking together like a sam” in public and always matching each other to attend events. Photo: The couple on the red carpet at the iHeartRadio Awards ceremony taking place on the evening of May 27 in Los Angeles (USA) (local time).

UEFA sponsorship Azerbaijan relies on a new strategy

Status: 12.06.2021 12:17 p.m. Azerbaijan’s capital Baku is a venue for the European Football Championship. State-owned oil company SOCAR has been a UEFA sponsor since 2013, but recently it dropped out. It’s part of a new strategy. From Silvia Stöber, tagesschau.de Azerbaijan’s capital, Baku, shows itself from its brilliant side: three group matches and the quarter-finals of the European Football Championship will be played in the national stadium, which was opened in 2015. The state-owned energy company SOCAR signed on as a sponsor eight years ago for 90 million euros. However, its logo has recently been missing from the UEFA website. When asked by German media such as “11Freunde”, the European Football Association only confirmed the departure of SOCAR. There are several reasons to part with the oil company: The involvement in sport should distract from the human rights violations of the leadership in Baku, which has critics of the authoritarian and corrupt government persecuted and imprisoned – is one charge, another: Propaganda against the enemy neighbor during the war in autumn, with SOCAR mainly sharing tweets from the Azerbaijani leadership.

06/11/2021

New business strategy

However, according to news on Azerbaijani websites, the initiative to break up did not come from UEFA. Accordingly, SOCAR decided to end the sponsorship. At the end of May, the financial news portal fins.az quoted the deputy head of the public relations and event organization department of SOCAR, Ibrahin Ahmedov, saying that the company had changed its business strategy. For those projects that no longer fit, the expenses would be reduced. This also includes the extension of the partnership with UEFA. The press organ “iki sahil” explained that SOCAR decided in 2019 to rethink its old business strategy. With the management consultancy McKinsey, a new one has been developed for the period up to 2035, which takes into account the transformation of the global economy, the fourth industrial revolution and the energy transition.

02/09/2020

Questions about the political benefit

In fact, the question arises how profitable the costly sponsorship as well as the Hosting sports and cultural events for Azerbaijan were. The country has become better known around the world since it hosted the “Eurovision Song Contest” in 2012 and sports events such as Formula 1 in Baku every year since 2016. But sports and cultural events were always associated with reports on authoritarian governance, corruption and the human rights situation. This was ensured by national and international actors from civil society, the media and politics.

06/12/2015

In Azerbaijan, hoped for political support for the forcible recapture of areas under the control of enemy neighbors Armenia was limited to a few countries such as its close ally Turkey. Whose President Recep Tayyip Erdogan will not only use the European Football Championship to play in the group game between Turkey and Wales in Baku. He will also be in that during the war in autumn conquered city of Shusha travel.

analysis 01/10/2020

Heralded the post-oil era

Apart from that, SOCAR’s withdrawal from sponsorship shows the adaptability of the leadership around President Ilham Aliyev, who succeeded his father Gaidar in office in 2003. The often underestimated president succeeded in asserting himself against competitors and old power structures. To this end, he appointed his wife Mehriban Aliyeva as his deputy in 2017. She comes from a business family from Baku that has a corporate empire with Pasha Holding, but is considered more modern than the conventional oligarchs.

March 13, 2021

Modernization was the Aliyev’s response to severe crises that befell the country from 2014 onwards. At that time, oil prices fell massively for the first time. Azerbaijan experienced the first recession since 1995, the central bank had to devalue the national currency sharply. Despite the repression, the population’s displeasure over falling incomes was expressed in protests. In previous years, experts had warned of the dry up of energy sources on land. Extracting oil and gas from the Caspian Sea is more complex and expensive. At the World Economic Forum in Davos in 2018, Aliyev said: “When we saw a significant drop in oil prices, I said the post-oil era had already begun for us in Azerbaijan. We should forget about oil and gas.” He made the diversification of the economy the main objective. The main sources of income should be innovative technologies, entrepreneurship and agriculture.

Digital and green technologies

In fact, Aliyev filled senior posts with young technocrats. you de-bureaucratised and digitized the administration – to the delight of the citizens, who can now receive services from the state without bribery. Foreign companies should be able to invest more easily in special economic zones.

04/11/2018

Aliyev drew up ambitious plans for the areas recaptured during the war with the use and development of digital and green technologies. The British company Chapman Taylor received the contract for the town planning from Schuscha, who had previously carried out construction projects for Pasha Holding. Turkish companies, some with ties to Erdogan, take on infrastructure and mining projects.

Elite corruption remains

Experts and journalists point out that these contracts were awarded without tenders and transparency. This gives rise to the assumption that the fight against corruption is intended to spare the elite sector who want to develop sources of income apart from oil and gas with new branches of the economy. The fact that Azerbaijan is undergoing modernization, but not democratization, is also supported by the result of the parliamentary elections in 2020. To the disappointment of many of the younger generation, mostly old cadre members remained. Many new candidates from the ruling party were also not considered. The leadership used the strict restrictions at times during the corona pandemic to crack down on government critics. It remains to be seen whether the Azerbaijani leadership will withdraw from sponsorship entirely and whether other states with a similar background will also reconsider their commitment. For associations like UEFA, the question would then arise of how expensive events can be financed in the future.

02/11/2020

Recently, one of the warriors who attended The Heroes This year, Thanh Duy has launched his product which has just been successfully performed at the Conquest round. Whereby My love sells mats is the work composed and performed by the male singer in episode 4 The Heroes past. Thanh Duy brought his love for sale on the stage of The Heroes But what is of interest to netizens is not only the product but also the extremely sweet “listening” words of the male singer. Specifically when Kha Nhu shared the product My love sells mats with the line of content: “My brother! Wake up. Always stay close to your left arm!”. Kha Nhu’s words of encouragement to Thanh Duy Thanh Duy then “dropped the hearing” very sweet, true to the Western “man to sell mats”: “How many times have I loved you, I blamed God at night for why we had to part…”. This response made netizens excited. In response, Kha Nhu humorously wrote: “Loving you is something I couldn’t have imagined. The two then had a very funny response Besides actress Kha Nhu, Midu also enthusiastically supported the product of her senior at The Heroes . The beauty sent compliments: “Brother Thanh Duy comeback this song is so okela, everyone, listen to it”. Midu also supports the senior’s new product The love you sell mats is a product composed and performed by Thanh Duy at present The Heroes Conquest round 2021 , in conjunction with a companion – producer NVM. It is because of the combination of modern music box with a bit of old-fashioned echo, the ghostly voice has conquered both the Masters and the television audience. End Round of Conquest , Thanh Duy and producer NVM are temporarily leading the group of Master Ha Le – Nimbia with a bet of 90 million dong. Thanh Duy and producer NVM at the last episode 4 of The Heroes However, this is only a temporary number and the ranking in this group can completely change because each member of the commenting committee still owns 5 million VND and they will give it to their favorite fighter after the contest. Master Nguyen Hai Phong’s performance ended. We sincerely thank the main sponsor “Samsung Galaxy A52 | A72 – Pioneer in OIS Optical Image Stabilization Camera technology” has accompanied the program The Heroes 2021 – Idol object. The Heroes – Idols and Idols 2021 broadcast at 9:15 every Sunday on VTV3 from May 23. All information about the program is updated at SAOstar e-magazine – Fanpage The Heroes – Idol Objects and YouTube channel Viva Network.

Recently, on MXH appeared a picture of a car made of extremely unique and beautiful lychee. This car quickly attracted the attention of netizens. Photo: Hoang Minh Hung Using Bac Giang lychee to replace fresh flowers and forming strips on the hood of the car, this unique idea makes the sisters “fall in love”. Photo: Hoang Minh Hung As far as I know, this is not a bride-carrying car as people speculate, but a car that is introduced and promoted by an event organizer to promote Bac Giang agricultural products such as lychee and watermelon. Taken in Hanoi. Photo: Hoang Minh Hung This milky white “flower car” was borrowed by a volunteer group from a friend to decorate. It is known that they used about 30 kg of fresh lychee to decorate the front and back of the car, which looks exactly like a car. flower car Photo: Hoang Minh Hung This is the time when the lychee is in full ripeness, in addition to the usual way of selling, some people have created a unique new product, the lychee flower bouquet. Photo: My Hanh Each lychee flower bouquet is combined from litchi fruit and many different types of auxiliary flowers such as baby moon flowers imported from the Netherlands, .. As soon as they appeared, bouquets of flowers from litchi attracted the attention of many customers, especially young people. Photo: Nguyen Thi Thuy Linh The red and pink litchi are all neat when arranged in bunches, which are also extremely eye-catching, just solving the aesthetic stage and can be eaten immediately. Photo: Maii Hoa There are even girls who claim that, now whoever gives this bouquet will… love it. Photo: Hoang T Hoang With the sweet and succulent nature, lychee fruit is not only eaten fresh, but also processed into many other forms such as lychee jelly, litchi tea, dried lychee… Photo: Vu Dinh There are sisters who are even more skillful when using bunches of fabric to create shapes on flower vases. Photo: Mai Phuong The post of a flower lover sharing on a large social networking group about his unique flower vase has attracted thousands of likes and comments. Photo: Tu Linh Many people enjoy the unique and creative idea of ​​using a bunch of fresh cloth to plug into a decorative flower vase. Photo: Le Thuy Nga After that, netizens also responded to show that their house also has such a multi-purpose lychee vase. Photo: Tu Linh Invite readers to watch the video: Raising the value of litchi – Source: VTV24

According to Ms. Thu, Australian mangoes are grown a lot by households in Khanh Hoa. If last year, this time the price of Australian mango was always at 40,000-50,000 VND/kg, this year, the price of this mango dropped sharply to only 10,000 VND/kg. “Last year, affected by the Covid-19 epidemic, the price of Australian mangoes was still 20,000 VND/kg, the smaller ones were 15,000 VND/kg. But this year, the usual large size for export to China can only sell at 10,000 VND / kg, “said Ms. Thu. Australian mango fruit is large, round, red when ripe This small trader shared that the reason why the price of Australian mangoes fell so sharply was due to the impact of the Covid-19 epidemic. Because it cannot be exported, it must be consumed in the domestic market. Due to competition with many other mangoes, there are many delicious fruits in the right season such as plums, pineapples, melons, and watermelons, so consumption is slow. Therefore, Australian mango growers are forced to reduce prices sharply to sell quickly. “My uncle’s family grows mangoes in Cam Lam, Khanh Hoa and is very worried because Australian mangoes have never dropped in price as dramatically as they do now. In previous years, this large, beautiful and fragrant mango was very popular with consumers in China, Singapore, Malaysia, Hong Kong… But since the epidemic, it could not be exported. The consumption of mango juice is slow in the domestic market, so the price has dropped unprecedentedly. However, mango growers still have to sell and get any money or that,” Thu said. Currently, the Covid-19 epidemic is still complicated in many localities, so even though Australian mangoes this year have both been in good season and depreciated. When sold in Hanoi market, Australian mangoes are only 10,000-11,000 VND/kg but still empty. “Australian mango is usually harvested from the end of April to June every year. The large size is good for export, the average weight is about 7-8 ounces / fruit, before selling 50,000 VND / kg, now it is only 129,000 VND / set of 10 kg and 199,000 VND / set of 20 kg. The Australian mangoes we sell are all new, so customers who buy them can let them ripen gradually,” said Thu. This small trader also tips how to choose delicious Australian mangoes. “When choosing Australian mangoes, you should choose large and round mangoes like peaches, with red streaks on the skin. This red streak only appears when the Australian mango begins to age. When they are young, the skin is still green like other common mango varieties. The older the mango is, the more red it is.” Just ordered 10kg of Australian mango, Ms. Tran Thanh Nga in Thanh Xuan, Hanoi constantly praised: “I just ordered yesterday on facebook, today it was delivered to my house. 10 Australian mangoes, each one is like 10, very even and big. A fruit must be from 8 ounces to more than 1 kilogram. Mangoes have beautiful colors, small seeds and fragrant. When eating, it is very sweet, ripe and supple, and the mango flesh is firm. My two kids love to eat. Therefore, I just let the mango ripen normally. When squeezing the mango, it feels a bit soft and has an even yellow color, so I put it in the refrigerator to eat it for half a month. According to Ms. Nga, Australian mangoes can be eaten directly or made into mango smoothies which are also very mouth-watering, both delicious and nutritious. Sharing about the unprecedented low price of Australian mangoes during the main season, Ms. Nga commented: “Previously, this type of mango that was exported to foreign countries was twice or triple the price of other mangoes. The selling price at fruit shops is usually stable at 50,000 VND/kg. But this year, I bought this mango for only 10,000 VND/kg. From now until the end of the season, I will order a few more times to support Australian mango growers.”

Contrary to the bustling street scene appearing in previous episodes, Chef Park brings viewers to the famous pedestrian street of Bu Am Ward, Jongno District in downtown Seoul – the place considered the “heart of the city”. ” of Korea and the Blue House. Turning to the entrance to the Gye Yeol chicken shop, which has existed for more than 15 years, Chef Park chooses deep fried chicken with fries, dipped with salt or sweet and spicy sauce. Daehwi was extremely excited at the chicken shop with more than 40 years of history, with the outside scene looking like a scene from the movie Reply 1988. Daehwi chose electric oven chicken with garlic sauce and chicken with go-chung sauce- jang. Different from the traditional atmosphere of Chef Park or Daehwi, Woong visited Gok Geu Tak – a restaurant located in the heart of Gang Nam with Italian-style interior. Here, Woong introduces the audience to Chicken Pane with rich cheese sauce and Chicken Pico. Back on the Vietnamese set, the audience continued to witness Dieu Nhi’s “falling shame” in front of the guest singer Quan AP. She constantly made everyone laugh when she acted cute in front of him. . As for Jang Mi, she “drunk” everyone when she sang a sweet Korean song. And after Jang Mi “Viet-sub” his song, the guy AP “shy” expressed: “I like Nhi, but I don’t know how to express it.” At the Korean set, the traditional fried chicken dish was “closed” by Chef Park so that the two AB6IX members could compete and pass on the recipe to artists in Vietnam. During the “competition”, if Daehwi made everyone laugh when he tried to pretend to be Chef Park, Woong had a “go underground” when he couldn’t eat spicy but he chopped chili to put it in. feverishly enthusiastic. In the midst of a tense “kitchen battle”, Daehwi asked everyone to participate in rock-paper-scissors with the penalty: Whoever loses will have to eat lemons. After three “pulling the hammer”, Woong was the one to receive the punishment. Woong’s slow, gentle style of eating lemons made Dieu Nhi at the Vietnamese film set to say: “It’s like filming TVC!” Daehwi’s dish called “Chicken wrapped in almond sauce” was praised by Chef Park for the idea of ​​adding almonds and “mixing” sweet and sour rib sauce with honey. And Woong surprised the chef and Daehwi when combining chili with Carbonara sauce, creating a taste that is both spicy and fatty. In front of the two very “giving rice” dishes of Daehwi and Woong, Dieu Nhi and Quan AP shared the same chair, but did not share the same… fried chicken taste. However, even though I often get “sick” when eating dishes with cream sauces, vocals The Most Beautiful Flower still “please” Dieu Nhi hiccup. Confronting the “battleship” Quan – Nhi, the girl Jang Mi chose to join the sweet and sour sauce chicken team. Which chicken dish will be “closed” for the match will appear in Eat Then Tell next episode? Let’s look forward to it! Eat It Then Tell It – episode 7

Following the above decrease, the price of thin pork (wholesale pig/jaw) of grades 1 and 2 also dropped sharply by about 12,000-15,000 VND/kg, to 85,000 VND/kg grade 1 and 78,000 VND/kg grade 2, respectively. However, the price of mixed pork belly has not decreased much, only about 5,000 VND/kg. Specifically, the previous sausage from 90,000 VND/kg to 85,000 VND/kg; drumstick drumsticks 85,000 VND/kg to 80,000 VND/kg, lean chips 110,000 VND/kg to 105,000 VND/kg. Particularly, young ribs still keep the price of 150,000 VND/kg, while before it was at 145,000 VND/kg. Explaining the above disproportionate price reduction, Mr. Tien said that normally, when the price of pigs goes down, the price of thin pigs will also drop directly, even if the reduction is more than the price of live pigs. Particularly, mixed pork usually does not decrease immediately, but gradually, on the contrary, the increase will also be gradual because traders and traders have signed contracts with each other in advance for a fixed period of time. Retail pork prices are still high, making consumers wonder. That is also the reason why small traders in some retail markets said that the price of pork of all kinds they sold has not decreased much, some places only decreased by about 5,000 – 10,000 VND/kg. Co Nhi, a small pork trader at Go Vap market (HCMC), said that for more than a week now, she has been importing wholesale pork at a high, unchanged price, about 117,000 – 125,000 VND/kg. Therefore, the retail price of pork remains high: young ribs 180,000-190,000 VND/kg, bacon 155,000 – 160,000 VND/kg, thighs 110,000 – 120,000 VND/kg… “The wholesale price of pork has not decreased, so I still keep the selling price. Prices of ham, ribs, and bacon are still high, so customers buy less and consumption is slow. Accordingly, the amount of imported goods also decreased from 100 kg/day to only 40 kg/day. Only when the wholesale price of imported pork and snakehead meat decreases, the retail price will decrease accordingly, which can stimulate buyers to increase pork consumption again,” Ms. Nhi said. Mr. Nguyen Dang Phu – Deputy General Director of Vietnam Vissan Animal Industry Joint Stock Company, also assessed that the sales force for pork products is currently very slow, the company has to reduce the price of all kinds of young ribs and cutlets by 15%. , pork belly pulled ribs… to stimulate purchasing power. Meanwhile, in the same market, the price of pork varies from place to place. At Base Market 26A (Go Vap District, some stalls quote the price of young ribs VND 165,000/kg, bacon 120,000 VND/kg, thighs 100,000 VND/kg… But another stall is not far away, the seller quoted the price. higher than 20,000 – 25,000 VND/kg, specifically: 180,000 VND/kg baby ribs, 140,000 VND/kg bacon, 120,000 VND/kg thighs… As explained by the small traders, the retail price of pork depends on each market, both wholesale and retail markets. At the beginning of the session (3 – 4 am) pork prices will be high and prices will decrease at the end of the session (6 – 7 am). Some retail sellers will watch out for wholesale markets to import “dropped goods” at cheap prices and sell cheaply to push goods; and those who import goods early, the meat is delicious, the price is higher, so they are forced to retail at a high price. “This whole week, I imported thin pigs with a constant price of 105,000 VND/kg, not 78,000 – 85,000 VND/kg. Not to mention, the purchasing power is slow, there is still a lot of meat left in the afternoon so I have to sell it all cheaply to the shops; The price at the beginning of the session, at the end of the session, is not much profit,” explained Ms. Thuyen – selling pork at Cho Base 26A. As noted by us, meat prices at some slaughterhouses also remained high. For example, in Vissan, even after the reduction of pork, it is still quite high. Pork ribs 275,000 VND/kg reduced to 210,000 VND/kg, pork belly 205,000 VND/kg reduced to 175,000 VND/kg, thigh meat 166,000 VND/kg reduced to 145,000 VND/kg… Branded packaged pork… Meat Deli is even higher: thigh 152,000 VND/kg, pork belly 192,000 VND/kg, cutlet 124,000 VND/kg, pork leg boneless 160,000 VND/kg… (According to Women in HCMC)

Ms. Trinh Thi Mai from Yen Xa, Hanoi, two weeks ago started selling Dak Lak pink lychee. She said, this is the first fabric of the season that she imported from the Central Highlands to sell to gourmets. “Dak Lak persimmon usually ripens early and yields earlier than other lychees in the country. Usually, this type of fabric will start to ripen from April, until May is the end of the season. Years ago, many people ordered this pink fabric. Every day, I sell weights even though the price is up to 100,000 VND/kg when I go to Hanoi. But this year, the purchasing power dropped sharply even though the price of lychee fell to only 50,000 VND/kg. While at this price last year, customers can only buy loose fruit, without branches, without leaves, “Ms. Mai said. The first fabric of this year’s season is half as cheap as last year This small trader shared, because it is just the beginning of the season, the lychee is not 100% sweet but only about 70% sweet, still a little sour. However, these lychees are still very fresh and delicious. This fabric is therefore still ordered by gourmets to enjoy and housewives to buy offerings on weekdays and full moon days. “The early season lychee is very fresh and sweet, with thick pulp, thin skin, and large, uniform fruits. Because it is beautiful and has a much cheaper price than usual, many customers still order 1-2kg to burn incense. But in general, purchasing power this year is slower than last year because of the Covid-19 epidemic, consumers spend more sparingly. Every day I can only sell about 10-20 kg of lychee,” said Mai. Also a small trader is selling litchi at the beginning of the season, but Ms. Tran Thi Huyen sells hybrid fabrics. Although at the beginning of the season, Huyen sells for only 25,000 VND / kg, 100,000 VND / 4 kg. Huyen said that these are hybrid lychee branches, sweet and sour taste. They are picked at the lychee garden in her hometown, Hung Yen, so they are very fresh. Because it is the fabric of the house, she sells it at a cheaper price than at the market. “Every year, fabric is usually exported to China. But this year, the export market is very quiet, the gardeners are absent from traders who come to deposit to buy. Therefore, the lychee is ripe until it is cut.” Because it is the first type of Northern litchi at the beginning of the season, it has the same cheap price as other popular fruits, so when she sold it online, it attracted the attention of many housewives. Customers often order from 2kg or more to burn incense or taste. “Last year, my family sold lychee at wholesale markets for about 30,000 VND/kg. Selling online, I offer 40,000 VND/kg. Meanwhile, many online shops also sell 50,000-60,000 VND/kg. However, this year the pandemic ended, so I sold it at that price and received a lot of support from many sisters,” Huyen said. According to PV’s observations, on the online market at this time, many small traders sell hybrid fabrics, pink lychee, and egg yolk litchi grown in Quang Ninh and Hung Yen. Because the small traders said, this time there is no lychee. This fabric is about a month away from the main crop. This small trader commented: “Although hybrid lychees and lychees are not as delicious as Bac Giang lychees, their fruits are quite large, round, succulent, and do not have head decay. In particular, the cloth is clean without preservatives, safer than many other fruits.” Before the complicated development of the new Covid-19 epidemic, many lychee sellers also expressed concern that the purchasing power of lychee was low and could not be exported. Despite the large number of customers ordering, the number of customers decreased significantly compared to last year, and in the main season, the price of cloth will surely decrease even more. “Therefore, our family is considering a plan to promote retailing at markets, especially wholesale markets, toad markets and online markets. In addition, try to connect with supermarkets to see if they can push fabrics to sell. Besides, there will also be a plan to dry and store cold to sell gradually”, Ms. Huyen shared.

Recently, Trieu Le Dinh appeared at an event and while giving an interview, one of her earrings suddenly fell. Fortunately, it got stuck on the actress’s slender shoulder. The moment the earrings fell off was beautiful, but Trieu Le Dinh’s reaction was even more awe-inspiring. She was not startled, her face changed because she was recording, and calmly answered the question. When everything was over, Trieu Le Dinh calmly picked up the earrings, slowly put them back in her ears, without any rush of embarrassment even though this branded jewelry was very expensive. Trieu Le Dinh’s elegant and luxurious temperament has received many compliments from netizen Middle. Dich Le Nhiet Ba also dropped earrings on the red carpet but did not have a “happy ending” like Trieu Le Dinh. When Dilraba was getting ready to attend the closing ceremony of the Golden Rooster Film Awards, she wore a very striking jewelry set and Nhiet Ba did not forget to pull up her hair to show off her flower-shaped earrings. However, when appearing on the red carpet, an earring fell at an unknown time. When she heard the news of the “lightning strike”, Dilraba was clearly stunned, and since then, he has not shown a smile. The image of Xinjiang beauty with a sad face sitting under the audience seats quickly became the focus of the event that day. Heat Ba is also sad when these earrings cost up to 200,000 yuan (about 700 million VND), losing such an expensive thing is really too painful.

Runner Kim Duyen’s beachwear series are all designs from the collection Daydreamer by designer Adrian Anh Tuan, launched in the last Fashion Voyage 3 program. The brightly colorful outfits are perfect for a seaside vacation for women. The sensuality and femininity always accompany the creations of designer Adrian Anh Tuan and that has contributed to the impressive promotion of the beauty of runner-up Kim Duyen in these newly released photos. Possessing a slim body and healthy skin, runner-up Kim Duyen has shown off her physical beauty through the combination of bodysuit and tropical patterned silk bandana scarf which is a trend of this summer. The flutter of materials selected for this collection by designer Adrian Anh Tuan adorns the feminine flair of women. Not only that, he also skillfully showed off the main colors from the collection on the newly released accessories “look like crazy”. With positive energy, along with confidence after regaining a balanced body, runner Kim Duyen seems ready to fight in the beauty arena in the near future. Photo: Nguyen Du
Makeup: Tai Pham
Hairdresser: Ngan Pham Perform: Tuan Anh

Google faces many legal challenges globally, especially in Europe. The European Commission (EC) fined this giant billions of dollars in three different lawsuits and were appealed by Google. In any case, the world’s largest search company denies misconduct and maintains a view that they make choices that benefit consumers. Since 2010, the EU has launched three different antitrust investigations against Google, involving Google Shopping, Google AdSense and Android, resulting in three fines of nearly tens of billions of dollars. At the same time, Google must adjust its behavior to comply with regulatory requirements. On October 10, 2010, the EC officially investigated Google’s behavior in accordance with Article 9 of Regulation 1/2003 after receiving complaints from ICOMP Organization and a number of other companies. They complain that Google changed its Universal Search algorithm to promote Google Shopping products on the search results page, lowering the ranking of competitors. Therefore, they believe that Google discriminates against, anticompetitive through presentation of search results, depriving users of the ability to choose products and services. On June 27, 2017, Google was found guilty and convicted a fine of EUR 2.4 billion (2.7 billion USD), is the largest penalty for an abuse of monopoly at that time. Google denies the accusations and claims their services have helped the region’s digital economy grow. The penalty is equivalent to 2.5% of Google’s 2016 revenue. Currently, the company in the appeals process wants to mitigate or overturn the penalty. In addition, the EU Competition Commission (EUCC) decided to oversee Google’s PageRank algorithm. Google is responsible for reporting to the EUCC every 4 months. After being penalized, Google split the Google Shopping shopping service into its own company, operating independently. A year later, the EC fined Google again for forcing Android device manufacturers (OEMs) to install Google Search and Android suite of apps. The EC investigates Google based on two lawsuits, one from FairSearch, and one from Aptoide. FairSearch is a consortium founded in 2010, initially consisting of travel-related websites such as Expedia, TripAdvisor, and then a number of big names such as Microsoft, Nokia, Oracle. In April 2013, they filed a lawsuit against the EU, denouncing Google’s behavior with its Android operating system in violation of the EU’s anti-competition law. Meanwhile, Aptoide was filed in June 2014. Aptoide is an Android app market, competing with Google’s Play Store. Aptoide emphasizes Google’s approach making it very difficult for services like them to be installed on users’ devices. In addition, some components that used to belong to the Android Open Source Project have been migrated to the Google service suite, including Gmail, Google Maps and Play Store. So, on April 15, 2015, the EC started an investigation into Google based on the above two lawsuits. Google argues that what it does with Android is no different from what Apple, Microsoft do with iOS and Windows Phone. Device manufacturers can still release an Android phone without the Google suite of apps. On July 19, 2018, the EU declared penalty Google 4.3 billion EUR (5 billion USD). Google appealed in October 2018. According to a company spokesperson, Android makes more options available to users. This is by far the largest penalty imposed by the EU for a company for its anti-competitive behavior. Google has changed the way apps are distributed in the EU, charging OEMs for Play Store access, and in return OEMs no longer have to install Google Search and Google Chrome. In March 2019, Google said European Android users can choose which browser and search engine they want to use on the device. Most recently, March 2019, EU Google penalty 1.49 billion EUR (1.7 billion USD) for preventing competition in the online advertising market. The commission said Google had an exclusive contract with website owners, preventing them from cooperating with Google’s competitors. The investigation involved Google search-mediated search boxes and display ads. These ads are provided by Google AdSense for Search. This is a division of Google that allows websites and apps to monetize search ads. Google’s terms for website owners change over time, from a 2006 monopoly to a “flexible monopoly” a few years later. But EU authorities still believe it hurts competition and allows Google to control how competitors display their search ads, including the size, colors and fonts they use. According to Competition Commissioner Margrethe Vestager, this is a legal offense under EU law. That behavior lasted more than 10 years and deprived other brands of competitiveness, innovation as well as the interests of users. Google stopped using exclusive contract terms in 2016 only after the EC made a formal objection. In June 2019, the company announced an appeal. However, the three above-mentioned penalties do not seem to “disgrace” anything to Google. Shares of Alphabet, the parent company Google, are still growing close to 30% in 2020. Investors seem accustomed to the oversight of countries with Google. Not to mention, the prolonged legal process also makes the authorities tired. The effect that the punishment brings is not clear. For example, despite the change in Google Shopping, less than 1% of service traffic is diverted to other shopping websites. Therefore, the EC is about to overhaul digital regulations, related to the business models of companies like Google. They want Big Tech to be more accountable for content across platforms and ensure that competitors have a chance to compete with the big boys. It is expected to make a big change in business practices, even Big Tech’s business model. Law professor Ioannis Kokkoris from Queen Mary University said this is a move that shows the EU wants to strengthen its leadership position in the enforcement of the technology market. Many other national competition authorities will follow. Meanwhile, Alec Burnside – partner of the law firm Dechert – said that the new EU proposal reflects the increasingly recognized government must have new power to deal with technology giants. For its part, Google or another company may use legal process to highlight the negative impact of regulation on innovation and the overall economy, making the final regulation less stricter than the proposed ban. head. Other than lobbying, however, there is nothing they can do about it to discourage new regulation in the short term. Du Lam (Synthetic)

My name is Phung Quoc Huy Hoang, born in 1995 in Nha Trang, and currently live and work in Ho Chi Minh City. I have been pursuing printing 3D products for 5 years now. Previously, I studied restaurant management at the Industrial University, but decided to stop studying in year 2 because I felt this was not my passion. During my self-study, I knew a brother on social media who worked on clay. A monkey head statue made by this man based on the movie Planet of the Apes was so beautiful that I was constantly learning about clay making. Those were the first steps that brought me into the 3D printing industry. Since October 2018, I founded Craftech – a combination of craft (craft) and tech (technology) – with the desire to create printed products based on these elements. The 3D printing market in Vietnam started to emerge from 2017, and has grown quite strongly up to now. Before that, when making a machine part, the worker had to cut CNC with iron and steel. In terms of art, it also takes time to hire people to carve or make from clay. In addition, cost is one of the reasons 3D printing is increasingly popular. Before that, people often covered with earth or porous to create shape. Then comes the process of making silicone molds, pouring plastic and removing it like jelly. It is this mold making step that causes the cost to be high. With a total of 10 employees, we only perform some main stages such as mechanical design, art drawing, accounting … Processes such as CNC cutting, mold making … will be assigned to the unit. other for cost optimization. All drawing design operations will be done by computer simulation software. The 12 V printer consumes electricity about 3-4 million / month. When printing, the layers are overlapped and formatted under the control of the computer. These printers were bought by me at a local company with the price of over 10 million VND / 1 machine. The drawing is fed into the machine. I make some adjustments before printing starts. The material is melted before printing. Depending on the nozzle, the plastic wire is packed into rolls of different size. The ingredients are quite easy to buy in Vietnam. The glue part helps the sample stick to the 3D printing table. For large-sized products, we will assemble each part instead of printing the whole, because the printing size of the machine is only 40 cm2. Small printers also work in a similar way to large machines. This is a product of a small printer. We used to produce finished products with sizes as low as 2 cm. Some products are forced to print on a liquid machine because they require many small details that take weeks to complete. Not to mention, for products to achieve high perfection, manufacturers also need to coordinate many materials. Depending on the order, we will choose the appropriate production method. For example, direct printing would apply to event bookers requiring 10-20 products. With the requirements of mass production, quantity of tens of thousands, we have to make silicon molds or steel molds. This is a product we made for the dinosaur program organizer in Hai Phong. However, this project is manufactured from composite or silicon, not 3D printed. The biggest, most expensive 3D printed product we’ve ever made is a 5-meter bear delivered to a milk tea shop. In the workshop there are now more expensive projects, but made of silicon resin and molded composite, not 3D printing. A shipment is transported by us to customers in Phu Quoc. For bulky products, I have to pay a car rental fee. Up to now, the highest value project the company has ever implemented is a miniatures set at 1.8 billion dong. We do daily activities right at the factory. Currently the company is preparing projects for customers in the central region. I have surveyed but still have a lot of work in progress.

Mr. Tran Van Hai from Lang Son said that for the past few years, his family specializes in purchasing, preliminarily processing and refining all kinds of cake wrapping. In the past, people only used bamboo to build their house, cook, firewood, make cakes, and discarded leaves. But in recent years, fresh bamboo leaves have been collected and purchased by many people and then sold to traders exported to Taiwan for 10,000 VND / kg of fresh bamboo leaves and 40,000 VND / kg of dried bamboo leaves. Bamboo leaves are bought and exported to Taiwan “I myself and my family never thought that bamboo leaves could be sold abroad. It is not until a contact to buy bamboo leaves to return to a traditional Taiwanese cake package that we know that bamboo leaves can be sold and exported abroad. From there, my family went to get bamboo leaves to sell. When the collection is not enough, hire more workers and advertise on the internet to buy bamboo leaves in other localities with any quantity ”, shared Mr. Hai. According to Mr. Hai, with fresh bamboo leaves, he buys for 7,000-10,000 VND / kg. As for dried bamboo leaves, he buys 35,000-40,000 VND / kg. All must be bamboo leaves (also known as bong). The purchased scales of bamboo leaves meet the quality criteria, the leaves must be big, not torn, still green in color and absolutely not yellowed. Each leaf is about 38-40cm long and 8cm wide. “Bamboo is very different from ordinary bamboo leaves. They are much larger in size. When purchased, fresh bamboo leaves will be sun dried for about 2 sun. Then, the leaves are counted and then clamped to the cork. At that time, we will dry it cleanly, bring the bamboo leaves to the oven to dry them and then sort them into bags, ”Mr. Hai said. The bamboo leaves are completely cleaned by natural methods, without chemicals, will be exported to Taiwan for cake wrapping materials, food packages … and are loved by the people of this country due to the taste. delicious and for a long time. “The kind of cake that Taiwan or is wrapped in bamboo leaves is like Vietnamese banh chung. However, due to being wrapped in bamboo leaves, the cake has a characteristic aroma. In addition, the wrapped cake from this leaf is easy to peel, leaves for a long time and not as fast as seaweed and banana leaves ”. From the end of April to October of the solar calendar every year is the autumn season to buy bamboo leaves. Therefore, many personal Facebook pages go to groups to sell and purchase fresh and dried bamboo leaves with unlimited quantity. There, the atmosphere was ruffled by many bamboo growers in places asking for the purchase price as well as the specifications for the collection and transportation of the fresh and dried bamboo leaves. For long-term business cooperation, all establishments that register to sell fresh and dried bamboo leaves, Mr. Hai, come to collect and check them. “I have to go down to the site to instruct the facilities that the individual collects bamboo leaves to ensure the leaves are not torn, beautiful green and especially big. On-site to view specific items once. Next time, they just do that, then I decide to buy, to avoid wasting time on both sides, ”he said. At present, in Yen Bai, Bac Giang, Thanh Hoa, Soc Son – Hanoi … there are many people growing bamboo and rattan. They just use the tree and the leaves leave it. Therefore, he came to guide the collection of leaves and now they become agents, helping his establishment to buy fresh, dried bamboo leaves up to a few quintals / day in the locality.

At present, more than half of the financial reports of A-share listed pig companies have been disclosed. In 2020, the net profit of Wen’s shares is about 7.426 billion yuan, a year-on-year decrease of 46.83%. In contrast, Muyuan’s 2020 performance report shows that it belongs to listed companies The net profit of shareholders is approximately 24.751 billion yuan, a year-on-year increase of 348.97%. The net profit of Wen’s shares is less than one-third of Muyuan shares.

On April 22, Wen’s shares closed at 15.16 yuan per share, a single-day drop of 2.82%, and a total market value of 96.622 billion yuan.

“The most profitable listed pig company” is no longer aura, Wen’s shares report the reasons for the decline in performance

The financial report shows that in 2020, Wen’s shares will achieve operating income of approximately 74.924 billion yuan, an increase of 2.47% year-on-year; the net profit attributable to shareholders of listed companies is approximately 7.426 billion yuan, a year-on-year decrease of 46.83%; the deduction of non-profits attributable to shareholders of listed companies The net profit from recurring gains and losses was approximately 6.381 billion yuan, down 51.11% year-on-year.

Facing the decline in performance, Wen’s shares said there are three reasons.

First of all, due to the oversupply of the live poultry market and the declining demand for poultry meat in the catering industry under the new crown pneumonia epidemic, the sales price of live poultry has dropped significantly compared with the same period in 2019. In 2020, Wen’s shares will sell 1.051 billion broilers (including hairy chickens, fresh products and cooked foods), and 56.928 million meat ducks (including hairy ducks and fresh products). The average sales prices of hairy chickens and hairy ducks have dropped by 21.79% year-on-year. 32.94%, the profit of chicken and duck farming business fell sharply year-on-year, and there was a large loss.

Secondly, in 2020, the impact of the domestic African swine fever epidemic will still be severe. In order to control risks, Wen’s Co., Ltd. proactively adjusted the progress of piglet distribution and production in the early stage. During the reporting period, the company’s pig production decreased accordingly; in addition, under the influence of the African swine fever epidemic, it actively eliminated some threatened sows and kept sows. The overall production performance of the pigs has declined, resulting in a phased reduction in the number of healthy piglets on the breeding farm. At the same time, the market rate of pigs in the fattening process has also declined.

As a result, Wen’s shares will sell 9.5455 million pigs (including hairy pigs and fresh products) in 2020, a year-on-year decrease of 48.45%. Although during the reporting period, the company’s average sales price of hairy pigs increased by 79.95% year-on-year, the sales revenue of pigs (including hairy pigs and fresh products) only increased by 0.72% due to the large year-on-year decline in the sales volume of pigs (including hairy pigs and fresh products).

Third, in order to increase the stickiness of farmer cooperation and promote the stable and continuous growth of breeding resources, Wen’s Co., Ltd. will implement the “company + farmer” long-term cooperation mechanism in the second half of 2019, sign long-term cooperation agreements with cooperative farmers, and set up The related rules on poultry listings and net profit share income with raisers. During the reporting period, the amount of income shared by cooperative farmers was 1.19 billion yuan.

When the pig price went up, the sales volume missed a good opportunity. Now, the pig price goes down, and Wen’s quarterly report this year is not good.

In the first quarter of 2021, Wen’s shares achieved operating income of 16.816 billion yuan, a year-on-year decrease of 3.60%; net profit attributable to shareholders of listed companies was 544 million yuan, a year-on-year decrease of 71.28%.

At a time when net profit fell, the executive team’s salary increased sharply last year, and the stock incentive plan attracted the attention of the exchange

Although last year’s performance was not satisfactory, Wen’s senior management team is raising salaries. In 2019, Wen’s Co., Ltd. paid a total of RMB 63,299,100 to a total of 26 directors, supervisors and senior managers; in 2020, Wen’s Co., Ltd. paid a total of RMB 96,123,300 to a total of 30 directors, supervisors and senior managers.

Shell Finance reporter noticed that the annual salary (before tax) of Chairman Wen Zhifen and Vice Chairman Yan Juran has increased from RMB 5,244,100 and RMB 5,236,700 respectively in 2019 to RMB 6,886,100 and RMB 6,229,400 in 2020. In other words, Chairman Wen Zhifen increased his salary last year by 1.64 million yuan, and Vice Chairman Yan unexpectedly increased his salary last year by nearly one million yuan. The annual salary (before tax) of Wen Pengcheng, Wen Junsheng, Wen Xiaoqiong, Huang Songde, and Yan Juneng, the directors of Wen’s Co., has increased from 5.0496 million yuan, 2.2803 million yuan, 3.188.8 million yuan, 1.4762 million yuan, and 2.18224 million yuan respectively in 2019 to 2020. In the year, 5.788 million yuan, 2.3104 million yuan, 4.686 million yuan, 1.8468 million yuan, 3.0932 million yuan.

In addition, the above-mentioned seven people will not receive compensation from Wen’s related parties in 2019, and will receive compensation from Wen’s related parties in 2020.

The actual controllers of Wen’s shares are the Wen family, specifically Wen Pengcheng, Wen Junsheng, Wen Zhifen, Wen Xiaoqiong, Liang Huanzhen, Wu Cuizhen, Wen Zirong, Chen Jianxing, Liu Rongjiao, Sun Fen, and Gu Jinying, a total of 11 people.

Yan Juran and Yan Juneng are brothers; Huang Songde, born in 1953, has a bachelor’s degree. In 1992, he joined Wen’s predecessor and served as director of the company’s office, vice president, secretary of the board of directors, and director.

In addition to a substantial salary increase for executives, Wen’s recently proposed third-phase restricted stock incentive plan has also attracted attention.

The draft shows that the incentives granted by the incentive plan for the first time do not exceed 3741 people, including company directors, senior managers, actual controllers and their spouses and children. According to the announcement, the incentive targets involved 9 people including Chairman Wen Zhifen, Honorary Chairman Wen Pengcheng, Director Wen Junsheng and Wen Xiaoqiong. The above 9 persons will be awarded a total of 6.33 million shares. Calculated according to the closing price of Wen’s shares today, the total market value of these shares is about 95.96 million yuan.

“The company has the face to motivate itself in this way,” some investors expressed dissatisfaction with the incentive plan in the stock bar.

On April 20, the Shenzhen Stock Exchange issued a letter of concern to Wen’s shares, asking Wen’s shares to explain: “The actual controllers of the company’s Wen family members, their spouses, parents, and children’s specific positions and main responsibilities are planned to be Whether the basis and reasonableness of the number of shares granted are consistent with their duties and contributions.”

Pork prices have dropped for 12 consecutive weeks, what should pig companies do?

On April 19, the Ministry of Agriculture and Rural Affairs released information that “the average weekly price of pork in the wholesale market was 31.62 yuan per kilogram, a decrease of 2.8% from the previous month, which was a 12-week decline, with a cumulative decrease of 33.1%, which was 30.1% lower than the same period last year.”

Recently, the reporter visited and found that more than 10 yuan a catty of pork had appeared in the supermarket.

Faced with the downward price of pigs, how do pig companies respond?

Wen’s shares said: “In 2021, the price of commodity pigs is expected to remain at a relatively high level, and the annual average price is estimated to be 22-24 yuan/kg.”

In 2021, Wen’s stock plan: “The pig industry should continue to strengthen the construction of the biosafety system, and through the implementation of the most stringent biosafety prevention and control measures, the threat of the disease will be minimized, and the goal of the 2021 slaughter plan will be completed with all efforts. To lay a solid foundation for the goal of slaughter pigs in 2022. Reshape the pig breeding system and improve the breeding capacity and quality of breeding pigs.”

On March 16, Muyuan said: “Currently, there is still a gap between supply and demand. Compared with other normal years, the price of live pigs has increased by more than 10 yuan/kg. Although live pigs are bulk commodities, China’s consumption of fresh meat is the main product. The characteristics determine that market clearing can be achieved through price adjustments every year, and the elasticity of supply is greater than that of the industry, and it is unlikely that the industry will suffer continuous long-term losses.

According to media reports, on April 20th, Chen Guanghua, Deputy Director of the Animal Husbandry and Veterinary Bureau of the Ministry of Agriculture and Rural Affairs, introduced at the meeting: “The main reason for the recent sharp drop in pig prices is the significant increase in live pig production and the decline in pork consumption after the Spring Festival. The two factors have come together. In addition, some farmers panic slaughter has formed a “stomping effect”. According to the trend of the annual pig price, around the Dragon Boat Festival, as the consumption of pork increases, the price of pigs may rise. But. Calculating from the number of newborn piglets in the previous period, it is expected that in the second quarter, the year-on-year increase in fat pig output from large-scale pig farms across the country will reach 50%. The market supply is generally abundant, and the price is unlikely to exceed the previous high.”

“On the whole, the most tight period of pork supply has passed, and the supply will become more and more loose in the later period. According to the current production recovery momentum, in June and July this year, the live pig inventory is expected to return to the level of normal years. There will be four more years later. In about a month, the monthly output will gradually return to the average level.” Chen Guanghua said.

Beijing News Shell Finance reporter Yan Xia editor Li Weijia proofreading Li Shihui

Compared with the fact that funds frequently experienced explosive products and the fund’s net value repeatedly hit new highs in the previous period, only a quarter has passed, but the investment enthusiasm in the fund market has significantly cooled down. At the same time, due to the impact of market adjustments, the performance of common public funds in the first quarter was not satisfactory. According to data, the overall loss of public funds in the first quarter of 2021 was 210.266 billion yuan, and the total loss of equity funds and hybrid funds was close to 300 billion yuan.

The loss of funds is largely related to the market decline in the first quarter. Among them, the ChiNext Index, the leading index in the A-share market, has experienced the largest cumulative drop of nearly 25% since peaking this year. In addition, the Shanghai Composite Index, which has a high degree of market attention, has the largest cumulative drop of about 10% during the year.

Although the volatility of the market index in the first quarter was great, the degree of market differentiation did not decrease. Even if the market index showed a rapid decline in the first quarter, it was mainly affected by the sharp decline of the White Horse stock. As a white horse stock with a higher market weight, its irrational adjustment trend will definitely have a greater impact on the market index. pressure. However, on the other hand, for the small and medium-sized market capitalization stocks whose growth rate was low in the previous two years, and even far underperformed the market index during the same period, their overall performance this year has not been inferior, and they basically have a certain degree of resilience. This is also the year The manifestation of the serious market differentiation.

While the fund’s performance was poor and the overall loss occurred in the first quarter, the enthusiasm for fund issuance was also largely affected. At the beginning of the year, we also frequently saw the phenomenon of intensive issuance of hot funds, but now, the enthusiasm for fund issuance has dropped to a freezing point.

Faced with the phenomenon that fund issuance has dropped to a freezing point, it is mainly affected by the market environment. In the context of intensive fund issuance and concentrated fundraising in the early stage, in fact, the homogeneity of the overall fund market is still very obvious. Although there is a lot of private capital in the domestic market, the capital is smart and they are willing to find investment channels with profitable effects. Therefore, in the context of intensive fund issuance, it is easier for star funds to complete their fund-raising goals in a short period of time, but for small and medium-sized funds, the task of fundraising is still relatively arduous, and they may even face failures in issuance. risk.

From the historical performance analysis, when the hot funds frequently appear or the average fund position reaches a historical high, this time often indicates that the market may face the risk of adjustment. On the contrary, when funds frequently fail to issue, or when the average fund position declines rapidly, it often indicates that the market adjustment has come to an end.

Judging from the magnitude of the adjustment, many White Horse stocks have generally fallen between 20% and 30%. This level of decline is not low. Relative to the stock price, it has suddenly fallen from the highest position of the bull market to the vicinity of the bull-bear boundary. However, from the analysis of the adjustment cycle, since the adjustment on February 18 this year, the adjustment time of the A-share market has only been 2 months, which is not enough to indicate that the market adjustment has been fully realized. However, judging from the current level of the major market indexes, the technical bear market has not yet been touched, so for the major market indexes, it can still be defined as a bull market.

Since the market operation trend can still be defined as a bull market environment, the adjustment market in the first quarter of this year can be regarded as a mid-term adjustment market under the bull market. However, from the time of adjustment, it seems to be insufficient, and the future market does not rule out that it will complete this turbulent process in the form of time for space.

With the continuous disclosure of the annual report of the A-share market and the quarterly report, the valuation level of the A-share market will also improve to a certain extent. Judging from the financial report data of listed companies in the first quarter of this year, most listed companies have shown their performance pre-happy, which will also add points to the profitability of A-share listed companies this year, and the corresponding valuation pressure will also decrease.

At this stage, the biggest external risk comes from the end of the Fed’s easing cycle or the trend of in-depth adjustments in the US stock market. Internally, there may be concerns about changes in the policy environment, which may affect the high degree of market rebound. However, due to the better domestic economic fundamentals and the strong profitability improvement capabilities of listed companies, under the background of low stock market valuations, the market downside will also be limited. This year, there is a high probability that they will get out of the turbulent market.

Photo: The Verge Even so, just 12 months later, the smartphone industry rebounded with the latest report recording sales up 24% year-on-year. In particular, the brands appearing in the top 5 received impressive growth after a year. Source: Strategy Analytics Specifically, Samsung is the “king” of smartphone sales in the world. In the first quarter of this year, the Korean technology giant sold 77 million phones, up 32% year-on-year. Apple, meanwhile, was at No. 2 with sales of 57 million units, up 44% y / y. Most impressive is the achievement of Xiaomi when sales in the first quarter of 2021 increased by 80% compared to last year, reaching the milestone of 49 million units, standing at No. 3. Photo: The Verge The remaining two positions in the top 5 belong to OPPO and Vivo with sales of 38 million units and 37 million units, respectively. One surprise in the Strategy Analytics report is that Chinese tech giant Huawei is completely absent from the top 5 smartphone brands in the world. Its sales were moved to the “Other Firms” category, whose sales recorded a 23% decrease. Photo: Android Authority Huawei’s failure to maintain its position on the global smartphone sales rankings is understandable in the context of the company being subjected to many US sanctions, making it not easy to manufacture phones. Besides, Huawei phones are no longer supported by Google services and software, which is why they lose their appeal. Last year, Huawei maintained its foothold thanks to the momentum from the domestic market.

Sino-Singapore Jingwei Client, April 22 (Chang Tao) “4200 yuan is already the diving price, I beg the boss to get my goods in seconds, and I urgently need to withdraw funds.” On the evening of April 21, Changsha, Hunan’s hard disk “fell” Xiaoxin The above information was published in a QQ group. Two days ago, on April 19, seeing the price of the hard drive hit a new high, Xiaoxin, who had a purchase channel in his hand, stocked 700 16T hard drives of a certain brand at a price of 4550 yuan. However, I never thought that I copied the copy on the “half of the mountain”, “Nowadays, it is difficult to get a 4200 16T hard drive. I may be stuck.” Photo courtesy of interviewees Xiaoxin’s storage of hard drives at home Chia is on fire, the price of hard drives has doubled The popularity of the hard drive market is mainly related to a cryptocurrency called Chia. According to data, Chia was registered and established in August 2017, with the goal of developing a platform that can optimize blockchain and smart transactions. According to an unnamed person in the currency circle, unlike most cryptocurrencies that use computing power to mine, Chia uses idle disk space on the hard drive, and Chia miners’ income is proportional to storage space. “The logic of hard disk mining can be simply understood as: First, fill the hard disk with lottery numbers. The larger the hard disk, the more numbers stored, and the greater the probability of winning.” The person explained. It is understood that there are currently a variety of classification methods for hard disks, which can be divided into enterprise, consumer, and monitoring levels according to usage scenarios. According to the form, it can be divided into mechanical hard disk and solid state hard disk. Hard drives used for mining generally refer to enterprise-level mechanical hard drives. Among them, enterprise-level hard drives with a storage space of 8T and above are most suitable for mining. A recent investigation by a China-Singapore Jingwei reporter found that with the popularity of Chia coins, the demand for hard drives has risen, and the prices of hard drives have also risen across the board. On the e-commerce platform, large-capacity mechanical hard disk brands Seagate and Western Digital 6T and above enterprise disks are currently out of stock. Seagate JD’s customer service said, “The large-capacity hard drives are basically sold out, and the products are actively stocking and purchasing, and the specific arrival time has not been notified for the time being.” A certain brand of large-capacity hard drives are out of stock Source: e-commerce platform

Some institutions that have rigid requirements for hard disks have also been affected. Wang Kai (pseudonym) works in a design institute in Shanghai. He told reporters from China-Singapore Jingwei that his design institute was recently “locked” by Chia hard disk mining.

“The design institute has some projects that need to be archived, so we basically use 16T hard drives. The entire company has four to five thousand people, and the storage requirements are very large. Now the e-commerce channel hard drives are out of stock. Put the reserved hard disk on top, but it will run out sooner or later, and I don’t know how to solve it yet.” Wang Kai said.

New latitude and longitude in the hard disk data map

In offline channels and scalper markets, many people sell large-capacity mechanical hard drives at high prices. A reporter from China-Singapore Jingwei visited an electronic city in Beijing on the 19th and learned that after the Chia coin exploded, the price of each enterprise-level mechanical hard disk increased by about 600 to 3,000 yuan, depending on the size of the storage space.

“Western Digital’s 6T hard drive is priced at 1,450 yuan, 8T at 2,900 yuan, and 16T at 6,100 yuan. The price changes every day. If you want it, make a decision quickly. It may be gone after a round.” Shouted a certain seller. Before the price increase, the prices of ordinary 6T, 8T, and 16T enterprise-level hard drives were around RMB 800, RMB 1,300, and RMB 3,300, respectively.

The price went through a roller coaster in 3 days, and someone invested more than 3 million and was stuck

Why does the popularity of Chia coin drive the price of hard drives? The above-mentioned people in the currency circle believe that the number of individual purchases of hard drives has a limited impact on the market, mainly because some institutions have bought them in large quantities, and there are also a number of “dead masters” stockpiling. “Many people invest several million and buy hundreds of hard drives at a time.” The person said.

However, what makes these “bad masters” unexpected is that the price of hard drives has taken a roller coaster in a short time. On April 21, Xiaoxin told reporters from China-Singapore Jingwei about the experience that caused him to “burst his mind” in recent days.

On April 19, the 16T hard drive market price came to above 6,300 yuan. Seeing the hard drive price soaring all the way, Xiaoxin, who has a purchase channel in his hand, couldn’t sit still. “The usual price of 16T hard drives is around 3,500, but within a few days it has risen to more than 6,000 yuan. I expected it will definitely increase. I stocked 700 pieces at a price of 4,550 yuan. I didn’t expect to be trapped just after two days.” Xiaoxin Say.

On the evening of April 21, Xiaoxin posted a message in a solid-state hard drive trading group, “The new Western Digital 16T hard drive is priced at 4,200 yuan and can be mentioned at any time.” Then, a group of friends replied under this message, ” Dude, have you lost the price?” Xiaoxin replied, “I’m in the pit, just begging the boss to get my goods in seconds, and I need to withdraw funds urgently.”

Xiaoxin told reporters from China-Singapore Jingwei that the price of hard drives started to drop rapidly after reaching the highest point on the 19th. “Take a 16T hard drive as an example. The price on the 20th was between 5500 yuan and 6300 yuan, and it was properly lower than 4500 yuan on the 21st.” Xiaoxin said that 700 hard drives have sold more than 200 pieces at a price of 4500 yuan. Between 5330 yuan, under the current market conditions, even if it is lower than the purchase price, it can’t be sold. If the price can’t rise in the future, it will be completely smashed.

Another person who has experienced the hard drive price roller coaster is Zhang Heng (a pseudonym). A few days ago, Zhang Heng bought about 200 8T hard drives from multiple e-commerce platforms. The hard drive that could sell for 2,600 yuan a piece on the 18th is now quoted at 1,950 yuan and no one cares about it.

Without business, Zhang Heng intends to continue to cut prices. “The price of the hard drive was originally made by us. I just sell it if I can make money. I don’t know that the price will continue to fall tomorrow (22nd).” Zhang Heng said.

Why did the price of hard drives fall rapidly? Zhang Heng said that this may have something to do with the dealer’s delivery of goods.

Gao Cheng (pseudonym) is the person in charge of a component distributor in Fuzhou. He told the Zhongxin Jingwei reporter, “The previous market was messed up by dumping goods. I started selling goods on the 20th. 8T Seagate Enterprise The first-class hard drive came up for 1780 yuan, which had a great impact on the “fellows”, and the price soon dropped.”

Gao Cheng revealed that “the previous high price increase was largely due to the fact that the agents were squeezing the goods, or there were not many goods in the original channel, and they were all hoarded by the’inverted master.’ Now that the channels start to release the goods, the price will naturally decrease. ”

Data map provided by the interviewee

Shengzi (pseudonym) is a Dell dealer, and he has been extremely busy these past two days. “ Isn’t the hard drive hot? We are working overtime to dismantle the host and take out the hard drive. The 8T Seagate Enterprise grade we sold is only 1,800 yuan, which is different from the reversed one, we are our own inventory. ”

On the 22nd, the price of hard drives continued to fall. At noon of the same day, Shengzi quoted in a hard disk trading group, “8T Seagate enterprise-level dive, 1,650 yuan.” Someone commented below, “Is there any 1550 reported?” (Zhongxin Jingwei APP)

China-Singapore Jingwei Client, April 22 (Dong Wenbo) “Pork prices have fallen for 12 consecutive weeks.” This is the latest data released at the press conference of the Ministry of Agriculture and Rural Affairs. Consumers cheered, investors trance. On the evening of the 21st, the first quarter report of Wen’s shares disclosed that so far the operating conditions of major A-share pig farmers have been released. From the data point of view (including the forecast), since the beginning of this year, as the price of pigs has continued to fall, many pig companies that once stood on the vent to banquet guests from Zhulou have “collapsed”. The new hope will drop by over 90% In the A-share market, there are more than 20 listed companies that have been included in the pig industry chain, among which there are many meat products processing, poultry breeding, and feed production. Those who can truly be called “big pig farmers” include the current market value of “Pigmao” Muyuan shares with a market value of more than 400 billion yuan, Wen’s shares with a market value of about 100 billion yuan, New Hope with a market value of 80 billion yuan, and Zhengbang Technology with a market value of more than 40 billion yuan. And Tianbang shares with a market value of 20 billion. In the first quarter of this year, except for the net profit of Muyuan shares, which bucked the market, the net profit increased by more than 60%. The deepest decline is New Hope. During the reporting period, the net profit is expected to drop by 88.94%-92.62% year-on-year; the net profit of Zhengbang Technology is expected to drop by 66.32%-77.36% year-on-year in the same period. The first quarterly report of Wen’s shares showed that the net profit achieved during the reporting period fell by 71.28% year-on-year to 544 million yuan. It is Tianbang shares that staged a big “face change”. Its net profit in 2020 has surged 3131.98% year-on-year, and by the first quarter of this year, it is expected to fall by 50%-60%. Regarding the reasons for the decline in performance, these four companies all pointed the “culprit” to the pig price. Both New Hope and Wen’s said in their announcements that the sales price of live pigs during the reporting period decreased compared with the same period last year, and the increase in feed material prices and other factors added to the increase in breeding costs, resulting in a decline in the profitability of the pig industry. Zhengbang Technology bluntly stated that the main reason was that the price of live pigs during the reporting period declined compared with the same period last year. Tianbang shares said that the performance decline during the reporting period was that the price of live pigs decreased compared with the same period last year, and the second was that the slaughter structure of live pigs was different from the same period last year, which further reduced the gross profit margin of live pig sales. The pig price “falls endlessly” How much has the price of pigs dropped this year? According to the monitoring data released by the Ministry of Agriculture and Rural Affairs, as of the 14th week of 2021 (April 5-April 11), the national average ex-factory price of white striped meat (hereinafter referred to as “pork”) is 31.36 yuan/kg, which is a month-on-month and year-on-year basis. It has fallen for 12 consecutive weeks, from 46.26 yuan/kg at the beginning of the year to 31.36 yuan/kg. The average purchase price of live pigs (hereinafter referred to as “live pigs”) at designated hog slaughter companies above designated size has also fallen for 12 consecutive weeks year-on-year. Although the month-on-month increase slightly increased during the week from March to March 7th, the overall price still showed a downward trend. 36.63 yuan/kg, currently 24.10 yuan/kg.

By comparison, in the first week of 2020 (December 30, 2019-January 5, 2020), the price of pork is 44.33 yuan/kg, and the price of live pigs is 34.72 yuan/kg. In the last week of the first quarter of 2020 (March 23-March 29), the price of pork is 45.77 yuan/kg, and the price of live pigs is 35.43 yuan/kg.

Affected by factors such as the African swine fever epidemic and the “pig cycle”, since the second half of 2019, the domestic supply of live pigs has tightened, and the price of pigs has continued to be at a high level for a time.

Driven by a series of policies to promote the recovery of live pig stocks, according to statistics from the National Bureau of Statistics, as of the end of the first quarter of this year, the country’s reproductive sow population was 43.18 million, which was restored to 96.6% at the end of 2017; the live pig population was 416 million, which was restored to 2017. 94.2% at the end of the year; pork production was 13.69 million tons, a year-on-year increase of 31.9%.

Regarding the recent sharp drop in pig prices, Chen Guanghua, deputy director of the Animal Husbandry and Veterinary Bureau of the Ministry of Agriculture and Rural Affairs, said at a press conference on agricultural and rural economic operation in the first quarter that the price of pigs has indeed fallen a bit fast in recent months, and the price of pork has now fallen to this round. The lowest point since the recovery of pig production capacity.

Chen Guanghua pointed out that the main reason was the obvious increase in slaughter of live pigs, and the decline in pork consumption after the Spring Festival. Two factors, one increase and one decrease, met; in addition, there were also farmers who panic slaughter and formed a “stomping effect.” Chen Guanghua predicts that, on the whole, the most tight period of pork supply has passed. According to the current production recovery momentum, in June and July this year, the pig stock is expected to return to the level of normal years.

Follow-up rise or fall?

Pig prices are closely related to people’s livelihood. Will they rebound in the future? Is there still room for further decline?

New Jingwei Wan Keyi in the data map

In this regard, Chen Guanghua said that according to the trend of pig prices throughout the year, before and after the Dragon Boat Festival, as pork consumption increases, pig prices may rise. However, extrapolating from the number of newborn piglets in the previous period, it is expected that the year-on-year increase of fat pigs on the national scale pig farms in the second quarter will reach 50%. The market supply is generally abundant, and the price is unlikely to exceed the previous high.

National Bureau of Statistics spokesperson Liu Aihua said at a press conference on April 16 that pork prices have been the major factor that has pushed up food prices in the past two years, and pork prices have been declining year-on-year for several months. At present, the production capacity of live pigs has been significantly restored. The live pig inventory increased by 29.5% year-on-year at the end of the first quarter. The live pig inventory has increased sequentially for six consecutive quarters. The production capacity of live pigs has recovered relatively quickly. From this perspective, there is a basis for the continued decline in pork prices.

It is worth mentioning that starting from the second quarter (April 1), in order to prevent the risk of African swine fever spreading in the transportation link, the country has gradually restricted the transportation of live pigs. Except for breeding pigs and piglets, other live pigs will not leave the region in principle. Live pigs in the district must be selected and transported through designated routes “point-to-point” after passing the sampling inspection according to regulations.

At present, Sichuan, Hunan, Hainan, Guangxi, Shandong, Jiangsu and other places have successively issued “New Regulations for Live Pig Relocation.”

Zhongyuan Securities pointed out in the research report that the transfer of live pigs is gradually restricted, and the transportation of pigs from the north to the south has decreased, which has aggravated the pessimism of northern farmers, and superimposed slaughter companies to lower the price of pigs, leading to an increase in the decline. In the short term, pork prices are expected to be weak and volatile; as consumer demand picks up in the later period, pig prices are expected to stop falling and stabilize, showing signs of a slight rebound. (Zhongxin Jingwei APP)

The otakus did not expect that the hard drive has become a financial product.

“4200 yuan is already the diving price, I beg the boss to get my goods in seconds, and I need to withdraw funds urgently.” On the evening of April 21, the “fell” Xiaoxin of the Changsha hard disk in Hunan released the above information in a QQ group.

Two days ago, on April 19, seeing the price of the hard drive hit a new high, Xiaoxin, who had a purchase channel in his hand, stocked 700 16T hard drives of a certain brand at a price of 4550 yuan. However, I never thought that I copied the copy on the “half of the mountain”, “Nowadays, it is difficult to get a 4200 16T hard drive. I may be stuck.”

Chia is on fire, the price of hard drives has doubled

The popularity of the hard drive market is mainly related to a cryptocurrency called Chia. According to data, Chia was registered and established in August 2017, with the goal of developing a platform that can optimize blockchain and smart transactions.

According to an unnamed person in the currency circle, unlike most cryptocurrencies that use computing power to mine, Chia uses idle disk space on the hard drive, and Chia miners’ income is proportional to storage space. “The logic of hard disk mining can be simply understood as the first to fill the hard disk with lottery numbers. The larger the hard disk, the more numbers stored, and the greater the probability of winning.” The person explained.

It is understood that there are currently a variety of classification methods for hard disks, which can be divided into enterprise, consumer, and monitoring levels according to usage scenarios. According to the form, it can be divided into mechanical hard disk and solid state hard disk. Hard drives used for mining generally refer to enterprise-level mechanical hard drives. Among them, enterprise-level hard drives with a storage space of 8T and above are most suitable for mining.

A recent investigation by a China-Singapore Jingwei reporter found that with the popularity of Chia coins, demand for hard drives has risen, and hard drive prices have also risen across the board.

On the e-commerce platform, large-capacity mechanical hard disk brands Seagate and Western Digital 6T and above enterprise disks are currently out of stock. Seagate JD’s customer service said, “The large-capacity hard drives are basically sold out, and the products are actively stocking and purchasing, and the specific arrival time has not been notified for the time being.”

A certain brand of large-capacity hard drives are out of stock Source: e-commerce platform

Some institutions that have rigid requirements for hard disks have also been affected. Wang Kai (pseudonym) works in a design institute in Shanghai. He told a reporter from China-Singapore Jingwei that his design institute was recently “locked” by Chia hard disk mining.

“The design institute has some projects that need to be archived, so we basically use 16T hard drives. The entire company has four to five thousand people, and the storage requirements are very large. Now the e-commerce channel hard drives are out of stock. Put the reserved hard disk on top, but sooner or later it will run out, and I don’t know how to solve it yet.” Wang Kai said.

Hard disk data map

In offline channels and scalper markets, many people sell large-capacity mechanical hard drives at high prices. A reporter from China-Singapore Jingwei visited an electronic city in Beijing on the 19th and learned that after the Chia coin exploded, the price of each enterprise-level mechanical hard disk increased by about 600 to 3,000 yuan, depending on the size of the storage space.

“Western Digital’s 6T hard drive costs 1,450 yuan, 8T’s 2,900 yuan, and 16T’s 6,100 yuan. The price changes every day. If you want it, make a decision quickly. After a round, you may be gone.” A seller yelled. Before the price increase, the prices of ordinary 6T, 8T, and 16T enterprise-level hard drives were around RMB 800, RMB 1,300, and RMB 3,300, respectively.

Roller coaster in 3 days

Someone voted more than 3 million and got stuck

Why does the popularity of Chia coin drive the price of hard drives? The above-mentioned people in the currency circle believe that the number of individual purchases of hard drives has a limited impact on the market, mainly because some institutions have bought them in large quantities, and there are also a number of “dead masters” stockpiling. “Many people invest millions and buy hundreds of hard drives at a time.” The person said.

However, what makes these “bad masters” unexpected is that the price of hard drives has taken a roller coaster in a short time. On April 21, Xiaoxin told reporters from China-Singapore Jingwei about the experience that caused him to “burst his mind” in recent days.

On April 19, the 16T hard drive market price came to above 6,300 yuan. Seeing the hard drive price soaring all the way, Xiaoxin, who has a purchase channel in his hand, couldn’t sit still. “The usual price of 16T hard drives is around 3,500, but within a few days it will rise to more than 6,000 yuan. I expected it will definitely increase. I stocked 700 pieces at a price of 4,550 yuan. I didn’t expect to be trapped just after two days.” Xiaoxin Say.

On the evening of April 21, Xiaoxin posted a message in a solid-state hard drive trading group, “The new Western Digital 16T hard drive is priced at 4,200 yuan and can be mentioned at any time.” Immediately, a group of friends replied under this message, ” Dude, have you lost the price?” Xiaoxin replied, “I’m in the pit, just begging the boss to get my goods in seconds, and I need to withdraw funds urgently.”

Xiaoxin told reporters from China-Singapore Jingwei that the price of hard drives started to drop rapidly after reaching the highest point on the 19th. “Take a 16T hard drive as an example. The price on the 20th was between 5500 yuan and 6300 yuan, and it was properly lower than 4500 yuan on the 21st.” Xiaoxin said that 700 hard drives have sold more than 200 pieces at a price of 4500 yuan. Between 5330 yuan, under the current market conditions, even if it is lower than the purchase price, it can’t be sold. If the price can’t rise in the future, it will be completely smashed.

Another person who has experienced the roller coaster of hard drive prices is Zhang Heng (a pseudonym), the “dead man”. A few days ago, Zhang Heng bought about 200 8T hard drives from multiple e-commerce platforms. The hard drive that could sell for 2,600 yuan a piece on the 18th is now quoted at 1,950 yuan and no one cares about it.

Without business, Zhang Heng intends to continue to cut prices. “The price of the hard drive was originally made by us. I just sell it if I can make money. I can’t say that the price will continue to fall tomorrow (22nd).” Zhang Heng said.

Why did the price of hard drives fall rapidly? Zhang Heng said that this may have something to do with the dealer’s delivery of goods.

Gao Cheng (pseudonym) is the person in charge of a component distributor in Fuzhou. He told the Zhongxin Jingwei reporter, “The previous market was messed up by dumping goods. I started selling goods on the 20th. 8T Seagate Enterprise The first-class hard drive came up for 1780 yuan, which had a great impact on the “fellows”, and the price soon dropped.”

Gao Cheng revealed, “The previous high price increase was largely due to the fact that the agents were squeezing the goods, or there were not many goods in the original channels, and they were all hoarded by the’inverted master.’ Now that the channels start to release the goods, the price will naturally decrease. ”

Data map provided by the interviewee

Shengzi (pseudonym) is a Dell dealer, and he has been extremely busy these past two days. “Isn’t the hard drive hot? We are working overtime to dismantle the host and take out the hard drive. The 8T Seagate Enterprise grade we sold is only 1,800 yuan, which is different from the reversed one. We are our own inventory.”

On the 22nd, the price of hard drives continued to fall. At noon that day, Shengzi quoted in a hard disk trading group, “8T Seagate enterprise-class dive, 1,650 yuan.” Someone commented below, “Is there any 1550 quoted?”

The introductory picture shows the hard drives that Xiaoxin stocked at home, courtesy of the respondent; a certain brand of large-capacity hard drives are out of stock Source: e-commerce platform; the data picture is courtesy of the respondent

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With the upsurge of cross-border “car building” by major industry giants, the past of Wuliangye cross-border car building seems to have been forgotten by the industry. Three years ago, Wuliangye invested nearly 2.5 billion yuan to take a 51% stake in Kaiyi Automobile, and announced a 3.7 billion yuan investment in a smart car factory. However, from the perspective of market performance, the projects that have been heavily invested have not been recognized by consumers.

“We are selling Geely, not Kaiyi. These are two car companies and two brands.”

“Kaiyi hasn’t been bought for a long time. If you consider Xuanjie, you can take a look at the Tiggo 5X. The two cars are basically the same.”

On the 15th, AI Finance and Economics found two dealers in the Yangtze River Delta and Beijing-Tianjin-Hebei on the official website of Kaiyi Automobile, and asked whether they could buy the Kaiyi X3, and the other party responded as above.

Kaiyi Auto and Baoneng Auto have the same door, and both come from Chery Automobile, the former boss of independent brand auto companies. Under the drag of its diversified brand strategy, Chery has gradually fallen into the pit of losses for years. In 2017, Chery sold the Qoros car with a huge loss of 8 billion at a price of 6.5 billion. The following year, Yibin Capital, backed by Wuliangye, took over 51% of the equity of Kaiyi Auto with 2.494 billion yuan. When the trend of cross-border car building was getting stronger, it opened a prelude to the story of “drinking” and “driving”. However, the reality is not. It’s not as good as expected.

Planning for more than ten years, monthly sales of 600 units

Unlike Dong Mingzhu and Lei Jun, Wuliangye has been trying to build a car for a long time. In 2003, “Push”, a wholly-owned subsidiary of Wuliangye that produced supporting molds, began to produce automobile molds for Changan Automobile and a Japanese car company. Two years later, Push invested another 300 million yuan in Chongqing to produce automobile machinery molds and engines. Parts.

As an important piece of Wuliangye Group’s entry into the automotive market, Push Group is not content to act as a mold supplier. First, it invested in automotive engines in 2006 and purchased a 46.5% stake in Xinhua Internal Combustion Engine Group, a subsidiary of Brilliance. In 2009, it established Brilliance Mianyang as a joint venture with Brilliance and obtained the qualification for vehicle production.

The good times didn’t last long. In 2011, after the new chairman Tang Qiao took over Wang Guochun, he listed and transferred Xinhua Internal Combustion, which had been losing money for many years. Since then, Wuliangye bid farewell to automobile engines and the car manufacturing business has temporarily come to an end. But the new people and new policies. After Li Shuguang took over as the chairman of Wuliangye Group in 2017, Wuliangye announced that it would spend 2.494 billion yuan to buy 51% of Chery’s Kaiyi Automobile, and spend 3.7 billion yuan to build the Kaiyi Yibin Smart Factory.

Kaiyi, which was acquired by Wuliangye, has not been able to open the market since its birth. In the early days of its establishment in 2014, Chery packaged Kaiyi as a “crowd-sourcing car building” under the thinking of the Internet, which once attracted great attention. However, the actual sales volume in 2015 was only 24,000, 37,000 in 2016, and 41,000 in 2017, which is far from expectations.

With the blessing of leading liquor companies, Kaiyi’s annual sales volume declined instead of rising, falling to 24,000 units in 2018 and 27,000 units in 2019. In mid-2020, Kaiyi released Wuliangye’s first new car to show off the world, which is very similar to Chery Tiggo 5X. Some evaluations directly pointed out that the body proportions, waistline, and front and rear suspension lengths of Xuanjie and Tiggo 5X are almost identical, and the power system and interior configuration are also very similar.

The new model of Kaiyi will have a total sales of 33,000 units in 2020, an increase of 5,000 units year-on-year. Among them, the sales volume of Xuanjie was 21,779, and several other models all declined. Entering 2021, the monthly sales volume of Xuanjie has dropped to 1,060 units in January, and again to 634 units in February.

Although the monthly sales volume of the first car has fallen to 100 units, Kaiyi is still planning new products. Not long ago, the Kaiyi Xuandu declaration drawing was exposed. According to the data, Xuandu will be equipped with a 1498ml engine with a maximum power of 115kW. An industry insider pointed out to AI Finance and Economics that considering the current models of Kaiyi Automobile Configuration and parameter performance, this engine is expected to be the 1.5T of the Kaiyi X3.

“If the situation is true, it may be difficult for new products to achieve breakthroughs in product strength,” the person pointed out, “Except for the low-end price advantage of Kaiyi, there is not much improvement in branding, design, R&D, and marketing.”

“Drunkard” does not mean wine

As an A-share wine company that sits in the Shanghai and Shenzhen stock markets with Maotai, Wuliangye was once the top wine maker. In 2001, its revenue reached 4.742 billion yuan, almost three times that of Moutai during the same period (Moutai: 1.618 billion yuan). At that time, although the two heroes of baijiu were the best in terms of fame, Wuliangye was obviously better in terms of performance.

During the years when the champion jersey was added, Wuliangye gradually “expanded”, extending its capital tentacles to almost every inch of sight. In addition to the cars mentioned above, Wuliangye has also invested in CNC machine tools, real estate, hotels, plastics, medicine, import and export, environmental protection, daily chemicals, paper making, chips… But things are counterproductive, dozens of wholly-owned or controlling subsidiaries Very few companies generate revenue.

In addition to the diversified business that ended awkwardly, OEM liquor also consumed Wuliangye’s brand value. In 2006, according to statistics from an organization, Wuliangye owns more than 100 wine brands, whose prices are mainly between 30-80 yuan, and that 80% of the brand’s turnover accounts for only one-tenth of the total turnover of Wuliangye Winery.

Wuliangye, distracted from its main business, was finally overtaken by Moutai in 2008 in terms of revenue. In the following four years, although Wuliangye has turned the tide and returned to the throne of “revenue first”, the return on net assets has fallen sharply. Data show that in 2010, Wuliangye’s return on net assets was 16.996%, and Maotai was 39.677%. In 2012, Kweichow Moutai’s revenue was only a few hundred million yuan behind Wuliangye, but its net profit exceeded the latter by more than 3 billion yuan.

In 2013, the liquor industry ushered in an inflection point. Many high-end liquor companies, including Wuliangye and Shuijingfang, suffered heavy losses, but Moutai bucked the trend. From 2012 to 2014, Wuliangye’s revenue was 27.201 billion yuan, 24.719 billion yuan, and 21.011 billion yuan. Net profit attributable to its mother was 9.935 billion yuan, 7.973 billion yuan, and 5.835 billion yuan; Shuijingfang’s operating income was 1.636 billion yuan, respectively. 486 million yuan, 365 million yuan, net profit attributable to the parent of 338 million yuan, -154 million yuan, -418 million yuan. The operating income of Kweichow Moutai was RMB 26.455 billion, RMB 30.922 billion, and RMB 31.574 billion, and net profits attributable to the parent were RMB 13.308 billion, RMB 15.137 billion, and RMB 15.350 billion.

Image source: AI Finance and Economics

An industry insider who loves liquor told AI Finance and Economics that the reshuffle brought about by industry adjustments is the cause. The internal cause of Moutai’s growth against the trend is the scarcity of products and the financial attributes based on scarcity value. “Under the high-end positioning, The price difference between the market price and the ex-factory price protects Moutai’s profitability.”

Wuliangye, who was defeated, began to imitate Moutai’s high-end pace. The eighth generation of Wuliangye will be launched in 2019, and the strategic product “Super High-end 501” will be launched. In addition to the limited sale of 501 bottles each year, Wuliangye also claims to be the “Pearl in the Crown” in the advertisement. However, this has not reversed Wuliangye’s overall performance. The financial report shows that in 2019, Wuliangye’s annual revenue was 50.118 billion yuan, fulfilling the 50 billion yuan revenue target, but its sales volume was 165,100 tons, a year-on-year decrease of 13.67%, and its inventory was 15,800 tons, a year-on-year decrease. An increase of 22.06%. This means that Wuliangye, who wants to replicate Moutai’s high-end road, has fallen into a difficult situation.

In 2020, the liquor industry collectively broke out in the capital market. Kweichow Moutai once exceeded 3 trillion yuan, and currently ranks first with a market value of about 2.5 trillion yuan. Although Wuliangye is the second runner-up, its market value is only 1.1 trillion yuan, which is not as good as Maotai. half. The ambitions of the former leader come again, but the arena is no longer.

This article was originally produced by AI Finance and Economics, an account of “Finance World” Weekly. Please do not reprint it on any channel or platform without permission. Offenders must be investigated.