Produced | Sohu Finance

Author | Gu Zitong

On the evening of June 14, Xiabuxiabu issued an announcement stating that its board of directors had held an extraordinary general meeting to remove Zhao Yi as an executive director.

In terms of the reasons for the recall, the Xiabuxiabu Board of Directors believes that Zhao Yi’s management methods and concepts are significantly different from those of other members of the board of directors, and that allowing Zhao Yi to continue to participate in the management of the company will not be in the overall best interests of the company and its shareholders. The board of directors believes that if the recall takes effect, it will not have a material adverse effect on the group’s operations.

It is worth mentioning that on May 20 this year, Zhao Yigang was dismissed from the post of chief executive officer of Xiabuxiabu.

Within two months, there have been three personnel changes in the senior management of Xiabuxiabu.

In terms of stock price, as of the close of trading on June 15, Xiabuxiabu’s share price has fallen 68.5% from the high in February this year to 8.5 Hong Kong dollars per share. The market value has evaporated by more than 20 billion Hong Kong dollars (about 16.5 billion yuan) in four months.

Three high-level personnel changes during the year, the stock price fell by nearly 70%

On May 20 this year, Xiabuxiabu issued an announcement stating that Zhao Yi was dismissed from the post of Xiabuxiabu’s chief executive officer because the performance of some of the group’s sub-brands failed to meet the expectations of the board of directors.

On May 21, He Guangqi, the founder and chairman of the board of directors of Xiabuxiabu, told the media including Sohu Finance that the appropriate flow of company personnel is a good thing for the group, because Xiabuxiabu’s previous performance in East China and South China was not good. It’s too ideal, so I consider taking over the surgeon’s adjustment and promotion personally.

According to Wind data, Zhao Yi joined Xiabuxiabu on November 12, 2012, and is mainly responsible for group auditing, accounting, financial management and IT-related affairs. From November 2012 to August 2019, Zhao Yi was the chief financial officer of Xiabuxiabu; from August 2019 to May 2021, Zhao Yi was the executive director and chief executive officer of Xiabuxiabu.

Before joining Xiabuxiabu, Zhao Yi served as the Commercial Manager of Unilever Services Co., Ltd., the Director of Retail Operations of Sony Ericsson, and the Chief Financial Officer of McDonald’s North.

As early as October 2019, Xiabuxiabu launched a young sub-brand “in xiabuxiabu”. Zhao Yi once publicly stated that the brand was launched by him personally, optimistic about the high-end development of small hot pot, and hoped to make the “one person, one pot” small hot pot to the extreme.

It is reported that the unit price of “in xiabuxiabu” is around 110 yuan, which is between Xiabuxiabu and Coucuo. So far, the brand has only opened two stores in Shanghai and Beijing.

As of last night’s announcement, Zhao Yi has been removed from the position of executive director of Xiabuxiabu, and currently has no current position in Xiabuxiabu.

It is worth noting that this is also the third change in Xiabuxiabu’s senior personnel in the past two months.

In April of this year, Zhang Zhenwei, the COO of the Coucou brand under Xiabuxiabu, confirmed to Sohu Finance that he would no longer serve as the COO of Coucou Catering from April 15th, and at the same time step down from all other positions related to Xiabu Xiabu Group and Coucou Catering.

Zhang Zhenwei revealed that he left Coucou for his current new catering business project.

Goldman Sachs previously issued a report stating that Zhang Zhenwei, CEO of Coucou, under Xiabuxiabu, has strong execution and investors need to pay attention to the risks associated with the departure of Coucou’s CEO. On the day Zhang Zhenwei announced his resignation, Xiabuxiabu’s share price fell nearly 15%.

The executives have left their posts successively, and the current major operations of the various brands of Xiabuxiabu are under the unified responsibility of the chairman He Guangqi.

It is reported that He Guangqi is the founder of Xiabuxiabu and serves as the chairman of the board of directors, chief executive officer and executive director of Xiabuxiabu. He is mainly responsible for formulating the group’s overall development strategy and business plan. He has more than 20 years of experience in the catering industry. Up to now, He Guangqi holds 41.46% of the shares of Xiabuxiabu.

One-fifth of the goal of opening stores in 2021 will be completed in half a year, and the number of new stores will be lowered

As of the close on June 15, the share price of Xiabuxiabu was reported at 8.5 Hong Kong dollars per share, a drop of nearly 70% from the February high. The market value had evaporated by more than 20 billion Hong Kong dollars (about 16.5 billion yuan) in four months.

Except for frequent high-level turmoil, Xiabuxiabu’s financial data has been bleak in recent years, and there has been no significant improvement in the later stages of the epidemic.

The financial report shows that Xiabuxiabu will achieve revenue of 5.455 billion yuan in 2020, a year-on-year decrease of 9.5%; net profit attributable to shareholders is 1.837 million yuan, a year-on-year decrease of 99.4%; net loss after non-deduction is 180 million yuan, a year-on-year decrease of 176.36%.

Sohu Finance found that Xiabuxiabu’s net profit growth rate has shown a downward trend for five consecutive years. From 2016 to 2020, Xiabuxiabu’s net profit growth rate was 39.74%, 14.17%, 10.07%, -37.71% and -99.36%, respectively.

In addition, the Taiwan turnover rate of Xiabuxiabu has also been declining year by year. From 2017 to 2020, the Taiwan turnover rate was 3.3, 2.8, 2.6 and 2.3 respectively.

As the main growth engine of Xiabuxiabu in recent years, Cocoa Hotpot will contribute 31% of total revenue in 2020. However, the turnover rate in 2020 will also drop from 2.9 in 2019 to 2.5.

In 2020, Xiabuxiabu will add 77 stores, including 39 Xiabuxiabu restaurants and 38 Coucuo restaurants, bringing the total number of restaurants to 1,201.

Previously, Xiabuxiabu had expected to open 100 new stores in 2021, but as of May 21 this year, it only opened 20 new stores, which is far below the target.

Xiabuxiabu Group CFO Yu Xiaofang previously stated that in order to solve the current development bottleneck, the group has made a series of adjustments. Previously, the vice president of development in charge of Cou Cou has also been transferred to the group level while managing Cou Cou and Xiabuxia. Bu, the speed of opening stores will also accelerate in the future.

He Guangqi told Sohu Finance that he would lower the target number of stores this year.

“Coucuo’s business will continue to focus on opening stores and the continued growth of the old store business in the short term. Before this, the tea and beverages part has declined, mainly due to the unavailability of imported raw materials due to the epidemic.” He Guangqi said.

At noon on June 17, a serious car accident occurred on Hanoi Highway, the section through Tan Phu Ward, Thu Duc City (HCMC) between a container truck and a Range Rover. At the scene, the Range Rover car was crushed body, mirror, wheel, shell … and many other parts were broken. According to witnesses, a Range Rover car with a license plate of Ho Chi Minh City was moving in the direction of the Saigon Bridge to Dong Nai. When about 100 meters from the overpass of Station 2, this car collided with a container truck carrying the Binh Duong control plate running in the same direction. The Range Rover car was dented, fortunately the driver was not injured. The container truck pressed the Range Rover, causing it to break many parts, completely deforming the body due to the high concrete ledge on the side of the lane. Fortunately, the driver of the car was not injured. Range Rover cars are luxury cars, with a market value of about 3-4 billion VND each. Immediately after, the Rach Chiec Traffic Police Team and Thu Duc City authorities came to handle the scene and investigate the cause of the incident. Crashed a parked car, a young man riding a motorbike died The incident happened at about 8:15 am at Km 64+985 National Highway 18, the section through Dong Trieu Town, Quang Ninh Province. The victim is Mr. Pham Phu N (38 years old, residing in Hai Phong city) driving a motorbike BKS16K6-828x in the direction of Dong Trieu – Hanoi, because he could not control the speed and crashed into another vehicle parked on the side. the road in the same direction. As a result, the impact was too strong, causing Mr. N to die, both vehicles were damaged. As soon as the incident happened, Traffic Police Team No. 1, Traffic Police Department of Quang Ninh Provincial Police was promptly present at the scene to coordinate with Dong Trieu Town Police to ensure traffic order; organize the handover of the victim’s body to the family. The initial cause of the accident was determined to be because Mr. N was riding a motorbike fast, did not control the steering wheel, and caused the accident himself. Currently, the case is being investigated and clarified by the Dong Trieu Town Police. The driver who tested positive for drugs forced the traffic police car to run away 30km On June 17, information from the Traffic Police Department said that the Traffic Police Department, Binh Duong Provincial Police had just handled a driver who used meth and drove against the traffic police while working. mission. Specifically, at about 5:45 pm on June 16, the Traffic Police Team of the Binh Duong Provincial Police Department, led by Major Luu Van Vi, was on duty to regulate traffic and handle violations of traffic order and safety. At the intersection of Road 22/12 intersecting National Highway 13 in Thuan Giao ward, Thuan An city, a passenger car brand INNOVA, BKS 60LD-028.91 was found violating the error “Not obeying the orders and instructions of the sea. signal.” The traffic police team gave the order to stop the car to check and control, but the driver did not obey the signal but increased the gas and ran towards the intersection of 5 An Phu. Seeing doubts, Comrade Tran Trung Kien drove a special motorcycle carrying comrade Hoang Anh Van and comrade Nguyen Quyet Thang drove other special motorcycles to follow. When coming to the road near the intersection of 5 An Phu, comrade Hoang Anh Van continued to give the order to stop the vehicle, the driver did not comply and even forced the special motor vehicle driven by comrade Tran Trung Kien. Then the car turned around and ran in the opposite direction of the intersection on 22/12. The subject continued to run away through the stop of the Traffic Police Team, hit the motorbike of the traffic police force, causing comrade Nguyen Quyet Thang to injure his right leg and severely damaged the motorcycle. Subject was restrained at the scene. When running to the railway overpass on the My Phuoc Tan Van line (in Dong Tan neighborhood, Tan Dong Hiep ward, Di An city), the traffic police team stopped the vehicle after chasing about 30km. The traffic police team coordinated with the Tan Dong Hiep ward police station to bring people and vehicles to the ward police headquarters. At the police station, the driver’s name was identified as Tran Van Thuy (SN 1990, residing in Tho Minh commune, Tho Xuan district, Thanh Hoa province), the accompanying person was Vu Van Tuan (SN 1992, residing in Dinh Khai, Yen Dinh, Thanh Hoa). Conducted a quick test, the driver tested positive for meth and had a previous conviction for drug trafficking and use. The traffic police team made a record for the driver with errors of not obeying the signals and instructions of the signboard; did not obey the orders of the traffic controller and handed over the people and vehicles to the Binh Duong Provincial Police Department for further handling in accordance with the law.

Law for more women on boards Which companies now have to act

Status: 11.06.2021 3:55 p.m.

In future, women must be given greater consideration when filling executive board positions: the Bundestag has passed the “second management positions law”. What are the rules now? And how many companies does this affect?

What was decided?

The new minimum number of women on executive boards applies to listed companies with equal co-determination and more than 2,000 employees. In future, you must have at least one woman on the board if it has more than three members. The minimum participation only applies when a new position is filled. “An appointment of a board member in violation of this participation requirement is void,” says the law. There are stricter rules for companies with a majority shareholding by the federal government: In general, if there are more than two members of the management team, there should be at least one woman. This applies to Deutsche Bahn AG or German air traffic control, for example. In addition, the fixed minimum quota for the Supervisory Board is to apply, which is 30 percent.

interview 03/08/2011

Other listed or co-determined companies that do not fall under the requirement should in future have to justify if they plan for the board of directors without women. If this does not happen, there is a risk of fines. With the law, the reporting obligations for companies are tightened accordingly. However, the Federal Council still has to approve the law.

How many women sit on company boards?

More than half of the large listed companies in Germany have no women on their boards, as a study by the Women in Supervisory Boards Initiative (FidAR) shows. The 160 groups in the stock market indices DAX, MDAX and SDAX as well as the 26 companies listed on the stock exchange with equal co-determination (as of March 22nd) were evaluated.

background 02/17/2011

Accordingly, in 103 of 186 corporations examined, not a single woman sits in the boardroom. At the same time, the average proportion of women on executive boards rose to 13 percent compared to the previous year, which corresponds to a plus of 2.3 percent. In the 200 companies with the highest turnover in Germany, the proportion of women on executive boards is 11.5 percent, as a study by the German Institute for Economic Research (DIW Berlin) shows. In the past year, the proportion of women on supervisory boards in the currently 106 companies that are subject to the mandatory women’s quota was an average of 35.9 percent.

Which companies need to improve?

According to the FidAR study, the number of companies that would be affected by the law passed today is 66. Of these, 25 had no women on the board of directors as of the reporting date. This also applies to the engine manufacturer MTU and HeidelbergCement, two companies from the DAX. The situation will soon change at the building materials company. At the end of May, HeidelbergCement announced that Nicola Kimm will take over the newly created position of Chief Sustainability Officer from September 1st. She is then responsible for the issues of sustainability and new technologies.

05/28/2021

The course has also been set at MTU: The company has formulated the goal of a women’s quota on the Executive Board of 25 percent by 2022. The Executive Board is currently made up of four men. According to the study, Knorr-Bremse was also one of the companies that would have to make improvements. That has now happened: Claudia Mayfeld has been in charge of the newly created Executive Board department for Integrity and Law since May 1, 2021. According to the authors of the study, Adidas, Bayer, Eon, Infineon, Fielmann and Südzucker have each appointed women to their boards since the bill was announced.

Illustration. https://kinhtexaydung.petrotimes.vn The action comes as Colonial Pipeline continues to face a ransomware attack that crippled the pipeline system, leading to widespread fuel shortages along the East Coast, prompting the Biden administration to take notice. get “the response of the whole government”. The Colonial Pipeline hack is just the latest example of criminal groups or state actors exploiting US cyber vulnerabilities. Last year, IT company SolarWinds’ software was breached, giving hackers access to communications and data within several government agencies. “We simply cannot let waiting for trouble next thing that happens is the status quo we are operating in,” an official told reporters during a conference call on the evening of May 12. Biden’s executive order takes several steps to modernize the nation’s cybersecurity: Require information technology service providers to notify the government of cybersecurity breaches that may affect U.S. networks and remove certain contractual barriers that may prevent providers from doing so. provide violations. Create a standardized guidebook and set of definitions for federal responses to cyber incidents. Push the federal government to upgrade to secure cloud services and other network infrastructure, and mandate multi-factor authentication and encryption for a specific period of time. Improve the security of software sold to the government, by requiring developers to publicly share certain confidential data. Establish a “Cybersecurity Review Board” composed of public and private sector officials, which may convene after cyber attacks to analyze the situation and make recommendations. Improve information sharing within the federal government by enacting a government-wide endpoint detection and response system. News of the President’s action came about an hour after Colonial announced it had restarted pipeline operations, although it would take several days for fuel deliveries to return to normal. “Colonial will move as much gasoline, diesel and jet fuel as possible and will continue to do so until the market returns to normal,” the statement also thanked the Biden administration “for its leadership and their cooperation”. https://kinhtexaydung.petrotimes.vn

The US-China technology war The US and China are currently engaged in a full-blown technology war. The war began under the Trump administration and is continuing under President Joe Biden. In fact, Mr. Biden viewed US competition with China as an important front since he took office. The tech war began as a trade dispute, but quickly turned into a war for leadership in core technologies like 5G, artificial intelligence (AI), and semiconductors. With a long history of development, the US remains the global technology leader for decades, but that position is currently being challenged by China. After Washington began blocking Chinese access to core US-controlled technologies such as semiconductors, Beijing doubled down on its efforts to “de-America” ​​in its supply chain. The global pandemic contributed to tensions between the two countries, prompting President Biden to issue an executive order to review the US supply chain for core products such as chips, batteries, rare earths and supplies. medical. Proposed bills to significantly increase US investment and R&D spending in core technology have also received bipartisan support in Washington. The US-China technology war – a conflict that does not seem to have ended so far. What caused the tech war? On May 19, 2015, the Chinese government announced the “Made in China 2025” plan to promote the country’s manufacturing industry within the next 10 years. Analysts point to the “Made in China 2025” strategy, Beijing’s 10-year plan to transform the country from a “manufacturing giant to a world manufacturing power” that sparked the technological war. . After taking power in the White House, Donald Trump focused his efforts to prevent China from becoming the global technology leader. A series of events from sanctions imposed on Chinese telecommunications giant ZTE for disguising its role in selling US technology to Iran, accusing China of stealing American intellectual property and Concerns about Huawei’s dominance in 5G have turned into an extensive tech war that has won bipartisan support in the US. What is the difference between trade war and technology war? The US-China trade war began on July 6, 2018, when US President Donald Trump imposed 25% tariffs on $ 34 billion of Chinese imports, citing the need to “rebalance. equals “America’s growing trade deficit with China. Other taxes have been applied in 2018 and 2019. However, the trade war was soon overshadowed by the tech war that the U.S. fears that China is using unfair means, including state power and stealing intellectual property, to gain is targeted to become a global leader in core technologies such as AI, semiconductors and 5G. Did the US really separate factories from China? In the decades after China joined the World Trade Organization in 2001, the US and Chinese economies became intertwined. China is a factory that manufactures low-cost American goods, from computers to stuffed toys. President Donald Trump’s “America First” policy and the US-China trade war have sparked calls for the US to reduce its dependence on China-based supply chains. Initially, withdrawing from China was rejected as impractical because of the cheap labor force and the large Chinese market that American companies could not ignore. However, a form of seclusion has received the support of the US administration, even from technology leaders such as former Google CEO Eric Schmidt saying that “splitting” will benefit the United States. . The concept of “split” existed in the internet space when Facebook and Google were not allowed to operate social networks and search engines in China, while the US also banned or restricted the presence of media. Chinese social media like TikTok and WeChat in the US. The global pandemic highlights the world’s reliance on China for important medical supplies such as masks and also spurs calls to bring supply chains back to the United States. In February, President Joe Biden signed an executive order calling for a review of product supply chains critical to chips, batteries, pharmaceutical ingredients and rare earth minerals. What is China doing to improve the influence of US actions? China attaches special importance to its own technology development, especially the chip. Although China initially imposed tariffs in retaliation, the top leaders’ call to action was technology self-sufficiency. In 2018, President Xi Jinping said “China must persist in the path of self-reliance in the context of increasing unilateralism and protectionism in the current world”. After Huawei was blocked from buying US chips and China’s largest semiconductor maker SMIC was restricted from buying U.S. technology for alleged association with the Chinese military, Beijing has intensified its focus on achieves semiconductor self-sufficiency. The Chinese government has supported the domestic chip industry with favorable policies, from tax breaks to state subsidies to promote the rapid development of the semiconductor industry. Technology is also a major focus for China in its 14th Five-Year Plan (2021-2025) announced in March, calling for the promotion of new digital industries, including AI, data. large, blockchain and cloud computing, along with expanding the use of 5G to many other industries such as smart transportation and logistics. Why is the US specifically targeting Huawei with trade sanctions? Washington’s interest in Huawei dates back to the early 2000s on suspicions that the Chinese company has close ties with the Beijing government. Years later, Huawei’s rise as the global leader in 5G technology rang alarm bells in Washington. One of the first public moves against the Chinese company came in January 2018 when US lawmakers pressured US telecom giant AT&T to withdraw from the phone distribution agreement. smart Huawei for US consumers. Seven months after AT&T’s decision, Washington barred government agencies from buying equipment and services from the Chinese company. When Huawei was placed on the US Commerce Department’s Blacklist in 2019, Google suspended some of its business with Huawei that involved transferring hardware or software products, except for protected products. by open source license. This is another “slap” on the Chinese technology corporation. For the Chinese government, Huawei is pride and a testament to the strength and potential of the Chinese people. Within three decades, since being founded in 1987 by Ren Zhengfei, Huawei has made some “miraculous” developments. From a company focusing on manufacturing phone switches, Huawei has become one of the largest private companies in the world, a leader in areas such as telecommunications equipment, smartphones, and electricity. cloud computing. What impact do the sanctions have on Huawei? Initially, the sanctions didn’t seem to affect Huawei much, which reported record sales of 858.8 billion yuan in 2019, up 19.1 percent year-on-year. Huawei also quickly revealed a self-developed operating system called HarmonyOS to replace Google Android. However, after Washington expanded the scope of sanctions in May 2020, requiring foreign chipmakers to use US technology, including TSMC and Taiwan’s MediaTek, to apply for a license to sell chips. for Huawei, the Chinese telecom giant appears to be in a slump again. The biggest impact is on Huawei’s smartphone operations. Due to a lack of high-end semiconductors, Huawei had to sell its Honor smartphone business to a newly formed conglomerate comprising more than 30 dealers and carriers. In the first quarter of 2021, Huawei was “kicked” out of the top 5 largest smartphone companies in the world in terms of sales. As stockpiles of smartphone components are declining and Honor’s business is over, Huawei will face even more pressure in the smartphone business. Many Chinese tech companies have caught up with the US Popular Chinese applications run the risk of being banned in the US. Image: The Economic Times. In October 2019, the US Commerce Department added 28 other Chinese companies to the trade blacklist about Beijing’s alleged human rights violations of the Uighurs. In May 2020, more than 20 Chinese government organizations and companies, including software technology giant Qihoo 360, were sanctioned for “assisting with procurement of items for military purposes in China. China”. The most recent US sanctions involve seven Chinese supercomputing entities blacklisted for national security concerns. Francis Lau, professor of computer science at the University of Hong Kong, said China’s supercomputers mainly use Intel, AMD and IBM CPUs. “The sanctions will certainly have a significant effect on China’s ability to stay at the top of supercomputers, since most of the components in its supercomputers today are US-made. Although it will be.” There are alternatives from other countries like Japan and South Korea, but the American component is still the best, ”said Professor Lau. Will the tech war be any different under the Biden administration? US President Joe Biden holds a semiconductor chip when he speaks before signing the executive order to address the global shortage of semiconductor chips in the White House. Photo: REUTERS In short, no. After Donald Trump’s tenure, President Biden continued to put pressure on Chinese technology and especially on Huawei’s case. In March, the US Commerce Department further restricted the products US companies can sell to Huawei, with clearer bans on the export of components such as semiconductors, antennas, and batteries. can be used in Huawei 5G equipment. A day later, the US Federal Communications Commission designated five Chinese technology companies, including Huawei, ZTE, Hytera Communications, Hikvision and Dahua, as “unacceptable risks” to security. America. As for Huawei, analysts believe that President Biden can offer a more effective policy than his predecessor in curbing Huawei’s global 5G ambitions by taking a more friendly approach to international partners in Europe and elsewhere. That could be more effective in isolating the Chinese company. In addition to sanctions on individual Chinese tech companies, President Biden has also pledged to more than double his investment in science and technology, focusing on areas like AI. and quantum computing. President Biden’s ambitious $ 2 trillion plan to improve US infrastructure includes an estimated $ 50 billion investment to help the country less reliant on chips manufactured abroad.

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

China-Singapore Jingwei Client, April 22. Recently, Tao Lin, the “uncompromising” vice president of Tesla, fell into a whirlpool of public opinion due to the “Tesla owner’s roof rights protection” incident. It is reported that a suspected Baidu insider was helping her to change her resume overnight and deleted CCTV, Baidu and Renren related work experience. In this regard, Baidu Encyclopedia issued a statement on the official Weibo on the 21st to deny it, saying that the two recent edits of the entry “Tao Lin” were all normal news event completions and incorrect content corrections, and there is no such thing as the media “What to hide”, “Internal help to change the resume” and other situations. Baidu Baike claims that Baidu Baike is an open platform and everyone can edit it. After investigation, the entry “Tao Lin” has been edited twice recently, and the editing account is a user of the Baike platform, not an internal employee of Baidu. The search on the Sino-Singapore Jingwei client found that the entry of “Tao Lin” on Baidu Encyclopedia has been changed ten times in history. Screenshot source: Baidu Encyclopedia website Regarding the two amendments to the Baidu Encyclopedia entry after Tesla’s rights defense incident, Baidu Encyclopedia’s explanation for this is that the two recent edits of the entry are all normal news event completions and error corrections. There are situations such as “hiding what” and “internal help to change the resume” as described by the media. Specifically, Baidu Baike stated that it has been revised twice recently, and the revisions were passed at 19:17 on April 19 and 16:29 on April 21 (the modification time shown in the screenshot is the time when the user submitted it). Image source: Baidu Baike Weibo

According to Baidu Encyclopedia, through the historical version function view, the revision on April 19 added the content of the entry character’s recent response to the auto show rights protection incident.

Image source: Baidu Encyclopedia’s official Weibo

The amendment on April 21 added “Sla” to “Tesla” in the original entry.

Image source: Baidu Encyclopedia’s official Weibo

Baidu Baike’s statement introduced that there are 10 historical versions of the Wikipedia entry “Tao Lin”. After investigation, none of the historical versions described by the media described his work experience at CCTV, Baidu, and Renren.

The statement pointed out that every modification of Baidu Encyclopedia’s entry will retain the historical version and use blockchain technology to store the evidence. The “documentation information” cannot be modified manually in the future. Encyclopedia users with an encyclopedia level of 4 and a pass rate of over 85%, as well as professional users with an encyclopedia level of 6 and a pass rate of over 85%, can use the historical version comparison function to view all historical versions of entries.

Source of screenshots of the latest version of “Tao Lin” entry: Baidu Encyclopedia website

(Zhongxin Jingwei APP)

Sharing about the achievements after more than a decade of operating the factory in Dong Nai, Mr. Anup Kumar Dave – General Director of Kirby Southeast Asia Company, proudly: “We have built the Kirby brand in the area. Industry, and beyond, Kirby has cooperated to carry out a wide range of projects from large corporate clients, from multinational corporations to domestic enterprises. build more than 2,000 projects in the region “. Mr. Anup Kumar Dave has repeatedly come to Vietnam for business or travel, but starting in 2009, he really thought about coming here to live and work. At that time, he was in charge of the insulation business. “When I received an offer to work for a business in the building materials industry in Ho Chi Minh City, I immediately said yes because I liked this place. I officially came to Vietnam to work next year. 2011 “. THE SALARY SALARY WITH VIETNAM For a foreigner who first comes to work in Vietnam, encountering unexpected difficulties, or even cultural “shocks”, is unavoidable. However, Mr. Anup adapted very quickly: “There were some small difficulties but it was due to cultural differences and I was able to adapt quite quickly because I had experienced some jobs before. in a multicultural environment “. Ten years working in Vietnam gave Mr. Anup Kumar Dave a new perspective on work and life balance as well as how to improve productivity to achieve efficiency. “We have created an excellent staffing system and have been able to develop a number of markets to improve our business. However, I think that Vietnam still needs good labor law regulations. so that both employers and employees are equal and fair. This will further improve the business environment in Vietnam “, Mr. Anup emphasized. Mr. Anup Kumar Dave – General Director of Kirby Southeast Asia Company In Vietnam, Kirby Southeast Asia has been operating since 2008 with the factory located in Nhon Trach 3 Industrial Zone, Dong Nai province. The company has offices in the city. Ho Chi Minh City, Da Nang, Hanoi and Southeast Asian countries to facilitate serving the needs of customers quickly and best not only in Vietnam but also for countries in and outside the region such as Thailand. , Burma, Singapore, Malaysia, Indonesia, Philippines, Laos, Cambodia, Sri Lanka, Brunei and Australia. KIRBY WAY AND HUMAN USE VIEWS In many past conversations, Mr. Anup always emphasized that one of the keys to Kirby’s success in the development process is adhering to the company’s core values ​​and principles – ” Kirby Way ”. The Kirby Way is the driving force behind the company to focus on innovation, train people and empower people to increase engagement, connection and better decision-making for the job. From a human resource perspective, Kirby views employees as a core asset. Mr. Anup believes that organizations and businesses can only succeed if people are given the opportunity to contribute effectively and they work with full energy and enthusiasm. Kirby can only succeed, whether in Vietnam or anywhere, if it has a team of professional staff. When the team is professional, everyone will agree. In order for employees to agree, the company must have clear and commensurate regulations on rights and responsibilities. “I hope that, regardless of position in the company, each employee will get the income they deserve for their efforts,” Mr. Anup said frankly. “Besides, everyone is able to do the right thing to their ability. Make sure that employees are always working in a fair environment,” said Anup. “In the last three years, Kirby Southeast Asia has added more than 50 people every year, when we hire, we look at the attitudes and background knowledge about the job that person applies for. Good attitude, a lack of knowledge can be completely supplemented through the training process.Good attitude is a willingness to learn, take responsibility, take initiative and commit to a collective goal. “, Mr. Anup shared. The Kirby Way is the driving force behind the company to focus on innovation, train people and empower people to strengthen connectivity. From a business perspective, Kirby Way is customer-centric. “We had to change our mindset, go further to help our customers with all the support we could possibly have and even exceed their expectations,” recalled Anup thoughtfully. “There have been a few times when we have been challenged to deal with the increasing needs of our customers and we have succeeded in ensuring that the customer remains a top priority. Because there are customers. Only us, “Mr. Anup said. GENERAL DIRECTOR WITH HEAVY INDUSTRIES Before coming to Vietnam, Mr. Anup worked in India, Africa (Kenya), Europe (Italy) … His experience throughout his career was in the metal industry, Mr. Anup used to be works in hot rolled steel, cold rolled steel and aluminum and steel fabrication industries. Vietnam is the place where he stops the longest and pre-engineered steel is also an area in which he focuses a lot. In his own opinion, he thinks that the steel industry in Vietnam has grown significantly and more than doubled its production capacity within more than 10 years. This remarkable development stems from the ability of local producers to produce world-class quality. “The markets in Southeast Asia are developing but growth in Vietnam has been quite quiet over the past few years. Demand is expected to stabilize in the coming years. Product quality is sure to grow. due to rapid adoption of new production technology by manufacturers in Vietnam. Kirby has two distinct advantages in Vietnam: fixed labor costs and availability of skilled workers, “said Anup. Kumar Dave said. In our business, single-digit margins and high claims “Heavy industry is labor-intensive, the competition is huge and sometimes does not follow ethical principles,” Mr. Anup said, emphasizing: “Our industry supplies materials for operations. Capital construction dynamics are very cost- and time-sensitive, so there is a huge pressure on returns and cash flows due to delayed payments. considered unattractive In our business, single-digit margins and high claims So, higher risks and lower profits. The manager must look for other more efficient opportunities that the employee cannot intuitively understand. ” However, what he sees as his personal strength when working in heavy industry is the associates he works with. “I’m always focused on driving them to learn more and manage their time efficiently. Therefore, we focus on training and empowering employees to be more proactive in their work and commit realism. Currently, Kirby’s overall goal is to become the best pre-engineered steel building supplier in Southeast Asia, ”said Anup his secret to success. Kirby is one of the leading manufacturers of pre-engineered steel (PEB) buildings in the world. As a subsidiary of Alghanim Industries Group, Kirby is one of the few largest privately owned corporations in the Gulf region, with over 40 years of experience in manufacturing and sales in more than 70 countries. world.

Phan Sao Nam at the trial of the first instance Accordingly, Senior Judge Hoang Van Tien, Chief Justice of the People’s Court of Quang Ninh province, said that inmate Phan Sao Nam was arrested and detained on October 27, 2017, serving a prison sentence at Quang Ninh Detention Center under the Ministry of Public Affairs. Security from September 17, 2019. In the process of serving the sentence, inmate Phan Sao Nam has clearly recognized his guilt, actively studied, renovated, strictly observed the laws and rules of the detention facility, has been continuously ranked emulation with “Fair” results (with the Emulation classification decisions attached); and have the first successful record (helping the Investigation Agency to mobilize the subject Le Van Kien who is having an international wanted order to surrender – Document No. 851 / GXN-ANĐT dated 20/11/2019 of Department of Security and Investigation of the Police of Phu Tho province). Civil liability part: Phan Sao Nam has executed more than 1,314 billion VND, including first-instance criminal court fees, illicit profits that the Court is forced to return and more than 387,966,943,921 VND confiscation to supplement the State fund (equal to 89.1% of the obligation). The amount of inmate Phan Sao Nam still has to execute is more than 160 billion VND. After studying the proposal, the opinion of the representative of the People’s Institute of Quang Ninh province at the meeting, the Council to consider reducing the time limit for serving the prison sentence of the People’s Court of Quang Ninh province found that the dossier was made in accordance with the order customary, on time, right authority; prisoners have served more than 1/3 of the sentence (2 years, 5 months and 1 day in prison); During the renovation, there were many progresses; has partially compensated civil obligations (more than half of the obligation); has made a mark; and was proposed by the Quang Ninh Detention Center to reduce the prison term, with an appropriate recommendation. In comparison with the provisions of the law, the Reduction Review Council accepted the proposal of the Quang Ninh Detention Center, reducing the 19 months imprisonment term for inmate Phan Sao Nam. During the next serving period, inmate Phan Sao Nam was very active in reforming and made the second time (helping the Investigation Agency to mobilize the object of Phan Anh Tuan who was hiding abroad to surrender – document) confirmation number 725 / GXN-ANĐT dated September 18, 2020 of the Security and Investigation Agency of the Police of Phu Tho province). As for civil liability, inmate Phan Sao Nam continued to actively mobilize his family to help Nam fulfill the remaining civil liability with the State, having paid more than 5.3 billion VND. On October 14, 2019, the South’s inmate’s family wrote an application to present his extremely difficult economic situation and had not yet been able to continue performing his civil obligations under the Court’s judgment. The application is certified by the People’s Committee of Da Kao ward (District 1, Ho Chi Minh City). Thus, as of October 16, 2019, inmate Phan Sao Nam has served more than 1,300 billion VND out of a total of more than 1,475 billion VND (equal to 89.48% of the obligation); the amount of money still enforced by Nam prisoners is more than 155 billion. On January 15, 2021, Quang Ninh Detention Center made a request to consider reducing the prison term for inmates, with the recommendation of 2 months. The application has been appraised and approved by Department C10, Ministry of Public Security, and is inspected by the People’s Institute of Quang Ninh province in accordance with the law. After considering the proposal to reduce the prison term of Phan Sao Nam, the recommendation of the representative of the People’s Procuracy of Quang Ninh province at the meeting, the Council to consider reducing the time limit for serving the prison sentence of the People’s Court Quang Ninh province found that after being considered for the first reduction, inmate Nam has been consistently classified as a Fair reformer, and continues to actively overcome the consequences of his crime. Up to the time of the second reduction consideration, the remaining prison term is less than 1 year. Comparing the provisions of the law, inmate Phan Sao Nam is eligible to be reduced to the second serving term of imprisonment one time before one round. If he accepts the Camp’s proposal, Phan Sao Nam will receive a second reduction of his sentence, but he still has a practical time limit to serve more than of the penalty declared, in accordance with Clause 2, Article 63 of the Penal Code ( up to the time of the second reduction consideration, inmate Phan Sao Nam has practically served 3 years and 3 months 8 days in prison, also has to serve 1 month and 22 days in prison). Comparing the provisions in Article 63 of the Penal Code, Article 38 of the Law on Execution of Criminal Judgments, the Judgment Reduction Council decides to accept the request of Quang Ninh Prison and reduce the remaining prison term for inmate Phan. Sao Nam in Decision No. 80 / QD-TA dated February 4, 2021 because the remaining imprisonment term is lower than the reduction proposed by the Prison and the Procuracy.

These regulations are part of the EU’s effort to regulate the AI ​​sector and catch up with the US and China in an area that spans from voice recognition to insurance and law enforcement.

This draft provision would prohibit general supervision of citizens, as well as any technology used to manipulate citizens’ behavior, opinions or decisions. The application of AI in the military field is not within the scope of these regulations.

Violations of the aforementioned regulation, depending on the severity, can result in businesses being fined up to 4% of global revenue.

To encourage innovation, Brussels also wants to provide a clear legal framework for billionaires in all 27 member countries of the bloc.

To achieve this, the draft regulation states that companies will require a special validation of deemed “high-risk” applications before being allowed to hit the market.

High-risk systems are those that have “the function of identifying people in public places from a distance through biometric features”, as well as “factors of security in institutions. important public infrastructure ”.

In addition, applications not considered “high risk” will not be subject to any additional regulations other than the applicable ones.

Google and other major tech corporations are very interested in the EU’s AI strategy, as Europe is often the place that sets the standard for how technology is governed around the world.

Last year, Google warned the EU’s definition of AI was too broad and Brussels had to avoid excessive control over a key technology.

The above draft regulations must be ratified by member countries and get the approval of the European Parliament before they can be applied./.

Other people were taken to hospital to treat the injuries, police said.

Indianapolis Police Department spokesman Genae Cook said police immediately arrived at the scene after receiving notification of the shooting at 23:00.

“Eight people died from bullets”, Ms. Cook said. This figure does not include gunmen.

The scene of the shooting. (Photo: USA Today)

According to Cook, it is too early to know if the gunman is an employee of the facility. His motives are also unknown. An investigation is underway.

In a statement, FedEx said: “Safety is our top priority. We are working to gather more information and are working with investigating agencies.”

The base of the shooting had more than 4,000 people working.

An unnamed witness told local media he heard gunshots while working and looked up to see the villain. As he bent down, he heard more gunshots.

This person then ran out of the building and saw another collapsed on the ground.

A series of shootings have occurred in the US in recent weeks.

In early April, President Biden announced a series of executive orders aimed at curbing gun violence.

“Gun violence in this country is an epidemic and a shame to the world. For God’s sake this must stop”, Mr. Biden stressed.

According to Biden’s new decrees, the US Justice Department will increase sweepstakes to reduce the increase in “ghost guns” and support states to pass “red flag law” that controls the identity of gun owners.