Author丨Li Wenxian

Produced丨Sohu Finance

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

“When I’m hungry or need to recharge quickly, Van just needs to make boiling water and make instant noodles, which are stored in the suitcase, which is very convenient,” she said. Zing . Khanh Van stayed with the Malaysian contestant in a room overlooking the pool. Photo: Khanhvannguyen25. In the first days of coming to the US, Khanh Van took advantage of culinary exploration, walking around the streets of Florida and tasting bread: “Although it is not the same as in Vietnam, enjoying the taste of this familiar dish helps Van to remember somewhat. more home”. In a livestream with nearly 130,000 followers, Khanh Van said that she eats comfortably but still loses weight. She also expressed her happiness at being supported by a large number of home fans. Due to a tight schedule, Khanh Van often takes advantage of a meal at Seminole Hard Rock Hotel & Casino and then moves to the meeting place as prescribed by the Organizing Committee. The Vietnamese representative loves fast food, so it’s easy to get used to American food and not get bored. She assessed that the menu at the hotel was rich and varied, and the contestants also enjoyed Korean barbecue. Miss Universe Vietnam 2019 revealed that the hotel room she stayed in had a pool view with all necessary amenities, especially a soft bed and a large mirror suitable for selfies and makeup. Miss Universe 2020 attracted 74 contestants from all over the world gathered in Florida, USA to compete. Currently, the contest has almost come to an end. The final will take place on the morning of May 17 (Vietnam time), the winner will receive the crown from her predecessor Zozibini Tunzi – Miss Universe 2019.

The carpet of yellow oil flowers that are flooded with flowers is a sign of the coming summer, and the season of memories returning. I like the feeling of wandering early in the morning through the central streets of Saigon, looking up at the swirling oil rain and then walking down and down on the interconnected oil carpets that cover the streets. Oil falls at most twice a day, once in the morning when the morning sun pours in golden honey, once when the sun is out in the early afternoon. The oil is neither brilliant nor fragrant, the figure is fragile, the calculation is gentle, knowing the fate of the countryside, as soon as he left the branch, he hurriedly whirled around to entertain passersby. Even though life only dances once, it’s short in a hurry and then throws itself in peace. All in exchange for only one passerby is satisfied. As a photographer, I also like to look at oil through the lens of a camera, in which all around is darkness, only the oil is bright, I shoot to save the best moments of oil for viewing and sharing. share with you here. As a little bit of gratitude to each other because we are destined to meet. I kept walking around this corner, and suddenly saw a worker cleaning and collecting oil. I took a picture of her and then got to know her, her name is Dung has 10 years working in this park. Being a “smart” person, I was easy to get acquainted with, just a little bit and the two sisters talked happily. Eight stories at a time I asked her: Do you hate oil? Because she shed too much, she is tired. She laughed: Why hate! It fell, you just got the scan! Oh my God! What are you talking about, so charming! In a place where even an inanimate object is sentient, and a sentient person is so adorable, how can I leave. Huh! Try to get up early to wander around and watch the dances of oil. Remember, each oil wing only dances once in a lifetime and when you see it: That moment is just for you! Come with me, once, wandering on the edge of life, watching the petals of oil whirl and fly:

Ngoc Huyen, born Vu Ha Ngoc Huyen is a reformed artist. She has won many major awards in Vietnam, received the title of Distinguished Artist and is considered to be the person who “brought cai luong to break through the old stereotypes to approach the rhythm of the times”. The female artist has been singing since the age of 14, won many awards such as the gold medal of the National Professional Festival in 1990 and 2000, the gold medal of Tran Huu Trang from 1995 to 1996, the most favorite actress Mai Vang 1995-1997. -2002… Ngoc Huyen was awarded the title of Excellent Artist in 2001. In mid-2002, she went to the US to tour, then got married with the son of singer Thanh Tuyen and settled down. Currently, the artist’s family is living in California, USA. Not only successful in career, Ngoc Huyen also has a full family life, obedient children. When she finished work, she would go to the kitchen to cook delicious meals for her family. Although she has been in the US for many years, perhaps it is impossible to forget the taste of her hometown, but the dishes that the female artist cooks are all Vietnamese. She shared that her cooking experience was taught by her mother since childhood and “Until now, I still study cooking with my mother, what she cooks, I learn that dish.” The dish she recently cooked with the right Vietnamese flavor is Saigon broken rice. Tam rice dish, she and her mother went to the kitchen to treat the whole family Broken rice is an idyllic rustic dish of Saigon people, a harmonious combination from tiny but fragrant broken rice grains, served with grilled pork cutlet and pork rind or omelet, creating a delicious dish. distinctive features of the cuisine of the people of the South. A portion of broken rice usually has ribs, skin, rolls, omelet, these are the 4 most popular side dishes, accompanied by a few slices of cucumber or tomato. Looking at Ngoc Huyen’s meal is enough to see that the taste of home dishes is always very clearly imprinted, never forgotten. In addition, the female artist also cooks many other hometown dishes: Quang noodles by her own hands. Her family often cooks Vietnamese dishes as a “emotional string” for her to remember Vietnam. She revealed that her children from childhood to adulthood always like to eat pho the most The family food of singer Ngoc Huyen is simple with every season, fresh and ensures nutrition and health. A tray of rice ensures enough nutrients for Ngoc Huyen’s family Ngoc Huyen changed dishes for the whole family with spring rolls To cook delicious broken rice like Ngoc Huyen, you can refer to the following recipe: Prepare: – Broken rice: 300g. – Regular rice: 60g. – Ribs pieces: 300g (4 pieces of cutlets). – Pork skin: 100g. – Tomato: 1 fruit. – White radish: 150g. Carrots: 150g. – Rice hearing. – 1 chili pepper, 4 garlic cloves, 3 purple onions. – Green onions: 1 small handful. – Lemon: One fruit. – Spices: Fish sauce, salt, seasoning seeds, monosodium glutamate, rice vinegar (100ml). – Seasoning for marinated ribs includes: 1 tablespoon honey, 1 teaspoon salt, 2 tablespoons delicious fish sauce, 1 tablespoon oyster sauce, 2 teaspoons sweetened condensed milk, 2 tablespoons cooking oil, 2 tablespoons sugar, 1 tablespoon soda water, a few drops of lemon, a little garlic and minced purple onion. Put the ribs with the prepared marinade into the bowl, mix well to absorb the seasoning. Cover the bowl with plastic wrap and let it sit for 2-3 hours. Making: – Cook rice: Mix the two types of rice well, wash it, put it in a pot and pour in water to cook normally. For delicious rice, you can refer to the following recipe: The number of cups of rice is equal to the number of cups of water adding 1/2 cup of water. For example, 1 cup of rice will add 1.5 cups of water. – Grilled ribs: You can grill ribs over charcoal or in the oven. When the ribs are almost cooked, take the ribs out and dip them back into the seasoning bowl, then grill again until the ribs are golden brown and fragrant. Note, you should keep the fire low to medium, avoid quick baking, when cooked, the ribs will be more delicious. And the secret to getting delicious ribs with a more attractive golden color is to brush a layer of honey on the surface of the meat when the meat is almost cooked. – Make pickles. Grate the carrots and white radish in a bowl. Pour into a cup of 100ml vinegar, add 3 tablespoons of sugar, half a teaspoon of salt, stir until dissolved, then pour into a bowl of grated carrots and white radish. Stir well and submerge carrots and cabbage in vinegar, cover with cling film and soak for about 1 hour. – Pork skin: Boiled with a little salt, when cooked, the pork skin will shrink. Remove the cooked skin to a cup of cold water, add a little ice to soak for 5 minutes, then remove and drain. Thinly slice the skin and mix well with the hearing. – Cucumber and tomato: Cut into pieces. – Make onion fat: You boil a small amount of cooking oil in a pan, then add a cup of finely chopped scallions and add a little sugar and salt. – Garlic, chili: Finely minced. – Prepare fish sauce: Prepare half a cup of clean water, add 2 tablespoons of sugar, 2 tablespoons of fish sauce, stir until the sugar dissolves. Then add minced garlic and chili and mix well. A small note is that garlic and chili should be added later, then it will float on the surface of the fish sauce. And the last step, you just need to present the dish to the plate so that it is beautiful.