Let’s take a look first, where everyone went in the previous holiday. For example, the hottest city during the May Day holiday is not the super metropolises such as Beijing and Shanghai, nor the vicissitudes of Dali and Lijiang, but a humid, hot, and full of city fireworks—Changsha.

At the May 1st meeting, the average price of air tickets to Changsha as a destination was as high as more than 900 yuan, but this could not stop the enthusiasm of people from all over the country to go to Changsha. Train tickets are even harder to find: on May 1st, there were more than 100 high-speed trains from Guangzhou to Changsha. However, the tickets were all sold out before the holiday. This even makes the local people of Changsha puzzled: Why do people all over the country like us in Changsha so much?

Have you ever wondered when did Changsha start from “Miss Ma from Malan Mountain, Malanpo, Malan Town, and Malan Village” to the Internet celebrity city where even the police station has to check in now? Today we are going to take a look at the road to popularity of the Internet celebrity Changsha.

As before, we have prepared a transcript, but the video is more lively and lively.

Hidden Entertainment Gene

Changsha is hardly a newcomer. As long as you think about it for a moment, you will find that this city is a veteran player who debuted for many years, thanks to the important landmark of Changsha in the national TV network-Hunan Radio and Television. “Happy Camp”, “Everyday Upward”, this classic family carnival show, has long become a veteran TV variety show that accompanies generation after generation to grow up; in the past two years, the hottest shows: “Star Detective”, “Yearing “Life” and “Sister Riding the Wind and Waves” are also produced by Hunan Radio and Television. Hunan Radio and Television is located in Malan Mountain in Changsha. According to legend, during the Three Kingdoms period, Guan Yu stationed soldiers and raised horses here during the “War in Changsha”, hence the name “Malan Mountain”. In the late 1990s, Hunan Radio and Television moved here. After more than 20 years of intensive cultivation, a “Radio and Television Hunan Army” has been trained, and “Malan Mountain” has gradually become synonymous with Hunan Radio and Television from the place where Guan Gong raises horses. Long before Changsha completely became an Internet celebrity, the city has always been a crowded city. In addition to airports in Beijing and Shanghai, Changsha Huanghua International Airport is perhaps the easiest place to see celebrities in China. The most indispensable thing here is the standing sisters and fans who raised their hands and long guns to pick up the idols. After going to Malanshan to watch the recordings of the idols, the young people who came to this city would always rush to the city. Jiefang West’s bar street, check in with the fireworks at Juzizhoutou, and get lost in the countless delicacies in Changsha… Hunan rice noodles, stinky tofu, sugar-oiled rice noodles, flavored shrimps, fried rice bowls, milk tea, these familiar Changsha Snacks are naturally loved by locals, and they have also attracted countless foreign tourists. Pozi Street, Taiping Old Street, Huangxing Pedestrian Street, etc. are all food districts that foreign tourists must check in. Food culture can be said to be another golden sign of Changsha. Something about Changsha cuisine is like this: In Changsha, every time a rice noodle shop closes, another rice noodle shop opens; the crayfish and shrimp shells eaten every year can be piled into a Yuelu Mountain… Xiaoji went to Xiamen At that time, I found that Zengcuo’an Old Street reads “Mom commented on a must-eat street”; If so, Changsha would be a “must eat city”. In fact, whether it is Hunan Radio and Television or food culture, the cultural and entertainment industry has always been the background color of Changsha for so many years. Compared with provincial capitals such as Wuhan and Xi’an, Changsha has an underdeveloped manufacturing base, and its geographical location is deep in the hills of the central-south hinterland. To the south is not as good as Guangzhou, which is near the sea and adjacent to the special economic zone, and to the north is not as good as the “Nine Provinces” Wuhan; and the Wenxi fire in 1938 almost burned out all the historical sites and scenic spots in Changsha, and the tourism resources were also dimmed. Therefore, vigorously developing the tertiary industry, including culture and entertainment, has also become the best choice for Hunan Province. It is precisely because of the above that Changsha’s profound cultural and entertainment heritage has been created; The fan economy and food culture have also become the unique soil that nourishes it to become an internet celebrity check-in city. Internet celebrity elements flourish If Changsha in the past was a powerful old drama player, then in the past two years, Changsha has become the top tourist city in the past two years. The “Life Consumption Report for the 2020 November Holiday” released by Meituan in October last year stated: During the Golden Week of November, it is hard to find a cup of tea and a cup of tea, and it is difficult to order a table of super writers and friends. How popular are these two stores? During the November of last year, Chayanyuese’s orders exceeded 1.1 billion, Wenheyou ranked 40,000, and waited for 20,000…This is a level that makes people suspect that all Chinese people have come to Changsha. Let’s first talk about tea beauty. You may have never been to Changsha, but you must have never heard of Cha Yan Yue Se. Cha Yan Yue Se is a milk tea shop that focuses on the national style, and now it has become a business card in Changsha. With its unique tea taste, cheap prices, classically beautiful cultural core, and the story of trying to make money and defeating cottages, Tea Yanyue Se has swept the whole milk tea industry in Shaanxi and even the whole country. At present, there are more than 270 directly-operated stores in Changsha, which are nicknamed that they have achieved “Ten Steps and One Tea Beauty”. Too many tourists fly far away and come by high-speed train just to drink a cup of tea to make them look good. On Xianyu, it even gave birth to a business of drinking tea and drinking on your behalf, going to Changsha for you and drinking milk tea on your behalf. Another famous food check-in place in Changsha is Super Wenheyou. In the first half of 2018, Hunan Wenheyou Cultural Industry Development Group opened a nearly 5,000-square-meter “Super Wenheyou” in Hisense Plaza, Changsha. This new commercial form embedded in a corner of a modern shopping mall has reconstructed Changsha. City life in the 1980s. Grain shops, department stores, mail boxes, grocery stores, barber shops, bathhouses, as well as exposed red bricks, rough cast iron, iron-clad wooden doors, steaming snack bars at the corners…Visitors can walk in the retro-style alleys Eat stinky tofu and peel crayfish in it. With this kind of human fireworks, Wen Heyou is firmly at the forefront of the check-in list of Changsha tourists. The influence of influencers in Changsha over the past two years is also inseparable from various social apps: open a social software and search Changsha, and you can see all kinds of fashion-dressed hot girls, punching photos in Juzizhoutou. In the past two years, in addition to food and drink brands, red check-in locations have also become a major selling point in Changsha. With the rapid increase in the recognition of red culture among young people, young people have gradually become the core consumer group of red tourism.The report released by Tongcheng Travel “2021 Ching Ming Festival and “May 1st” Holiday Red Tourism Report”It shows that the “post-00s” and “post-90s” who are 21 to 30 years old account for more than 40% of the core population of red tourism.Therefore, the red check-in area has become a major selling point of Changsha.This year’s Ching Ming Festival, Changsha received 675,519 tourists in three days, making it one of the top ten national red tourism destinations during the Ching Ming holiday in 2021. On May 1 this year, the 102 A-level scenic spots included in Hunan Province’s monitoring received 1.353 million tourists. The first and second most popular scenic spots are the two red scenic spots, Yuelu Mountain Scenic Area and Orange Island Scenic Area. Today, Changsha has 93 red tourism resources, including 26 footprints of great men, 22 former residences of celebrities, 26 hot spots for workers and peasants, and 19 memorial sites for revolutionary martyrs. It is a red history museum without walls. This year is the 100th anniversary of the founding of the party. Under the influence of the rising discussion of film and television works such as “Awakening Age” and “1921”, I believe that Changsha can still be “red” for a longer time with the “cradle of revolution, hometown of leaders”. The situation that arises at the historic moment It is said that Xiaohong relies on holding, and Dahong relies on fate. Even though Changsha has strong strength and good resources, to reach the top, one cannot fail to say a word of time and luck. According to the “White Paper on Vacation and Residence in China” issued by Sohu Focus Research Institute on May 31 this year, before the outbreak of the new crown pneumonia, tourism resources with distinctive characteristics, far away from urban agglomerations or central cities, such as provinces such as Yunnan and Guizhou , The travel demand is relatively strong, and the tourism market performs relatively well. After the outbreak of the epidemic, short-distance travel around urban agglomerations and metropolitan areas prevailed. This is the result of the epidemic restricting long-distance travel and the forced travel demand to the suburbs or short distances. It is not difficult to understand why Changsha, a city suitable for three-day excursions, has consistently become the first choice in the hearts of tourists. Moreover, the transportation in Changsha is too convenient. Although the flight density of Changsha is not as good as that of Wuhan and Chongqing, it is located at the intersection of the Beijing-Guangzhou high-speed rail, Shanghai-Kunming high-speed rail and Chongqing-Xiamen high-speed rail. Changsha is already the largest national high-speed rail hub city in central China, and its railway radiation capacity is too strong. In such a Shanghai-Hong Kong-Chongqing triangle economic circle, Changsha has great advantages in terms of geographical location and traffic conditions. In fact, when the “lying flat culture” prevails, young people are starting to want to settle in Changsha while eating, drinking, playing and having fun in Changsha. One of the very important points is that the wages in Changsha are not low, but the housing prices are not high. According to the data released by Zhaolian Recruitment, the average salary of Changsha during the summer of 2020 will reach 8,299 yuan/month, ranking 15th among the 38 major cities in the country. This is not very prominent, but compared with provincial capitals of the same level, the housing prices in Changsha are very stable. The data shows that an ordinary family in Changsha can afford a house of 100 square meters after 6.4 years of work. This is a fatal temptation for young people who are looking for a house and sighing at the moment. Compared with the big cities starting with 996 and 007 at every turn, Changsha has a food, drink, and nightlife comparable to first-tier cities. Education and medical resources are not inferior. Solving housing problems is not as difficult as in big cities. Isn’t that popular? Some time ago, a friend of Xiao Ji shared his experience in Changsha: “It’s almost 1 am on the way to the hotel. The driver also said: If you are not sleepy, you can go for a supper. Now the nightlife in Changsha has just begun… …” Foreign tourists who have not been to Changsha may have a hard time thinking that when other cities move towards the quiet midnight, Changsha’s nightlife has just begun. What’s even more exaggerated is that it was 3 a.m. after this friend came out after supper, and he looked up and found that there were more people on the street than 1 a.m…. Some people say that Changsha is a “entertainment to death” city; but if it can really bring people endless happiness, for young people living in the cracks of the current various pressures, this is the dream and reality. Where it meets. *Reference materials: It is said that it is the most popular city this year, I am not surprised_Changsha https://www.sohu.com/a/427577459_260616 Exclusive Research Report | White Paper on Chinese Vacation and Residence: Over 70% of tourists prefer short-term outings, and renting a homestay is the most popular_Property News_房天下https://news.fang.com/open/40094840.html Long-term cooling, short-distance and fiery Dragon Boat Festival competition begins CAIJING.COM.CN http://industry.caijing.com.cn/20210531/4769296.shtml Ctrip and Google report: What are the opportunities in the travel industry in the post-epidemic era? -TravelDaily https://www.traveldaily.cn/article/139994 The rise of the Internet celebrity Changsha https://baijiahao.baidu.com/s?id=1654943332563748235&wfr=spider&for=pc The mystery of Internet celebrity Changsha’s traffic http://finance.sina.com.cn/tech/csj/2021-05-18/doc-ikmyaawc5937267.shtml

Author丨Li Wenxian

Produced丨Sohu Finance

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Author丨Li Wenxian

Produced丨Sohu Finance

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Produced｜Sohu Finance

Author｜Wu Ya

On the evening of June 14th, Juran Zhijia (SZ:000785) issued multiple announcements in a row, disclosing various contents such as “Adjustment of Beijing Juran Zhijia Home Furnishing Chain Co., Ltd. (hereinafter referred to as “Home Chain”) related performance commitments.

Jiaranzhijia said that in view of the comprehensive impact of various factors such as the sudden outbreak of the new crown epidemic in early 2020, the listed company plans to adjust the performance commitments of the home chain after consultation with the performance pledger.

In the original performance promise, the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses (hereinafter referred to as “net profit deducted from the parent company”) realized by the household chain in 2020 should not be less than about 2.42 billion yuan; and financial data Shows that this indicator for the household chain in 2020 is about 1.297 billion yuan, which is 1.118 billion yuan less than the original performance commitment, and the performance completion rate is 53.59%.

The announcement shows that after this adjustment, the household chain will no longer assume the performance indicator of deducting non-parent net profits in 2020; the original performance commitment will be postponed to the next fiscal year, that is, 2021; in addition, other performance compensation The method and calculation formula, the implementation of profit compensation and other original terms are not adjusted.

Photo source: “Announcement of Juran Home New Retail Group Co., Ltd. on Adjusting Beijing Juran Home Furnishing Chain Co., Ltd.’s Performance Commitments”

Jia Ranzhi was established in 1999. In December 2019, it backdoor Wuhan China Merchants reorganization and listing and landed on the A-share capital market. At that time, Jia Ranzhi signed a performance betting agreement with Wuhan Zhongshang, the holder of Shell Resources.

In 2019, the first annual report after listing, home furnishing chain achieved 2.117 billion yuan of net profit deducted from the parent company, fulfilling the first performance period commitment; but in the first year after backdoor, the home furnishing chain performance was unqualified for gambling.

In the first quarter of this year after the epidemic, the business of Jia Ranzhi ushered in a rebound. According to the plan of Jiaranzhijia, in 2021, it will have breakthroughs in the development of six self-service modes, and the establishment of its first overseas store outside the country.

Home furnishing chain deducts only 1.297 billion yuan in net profit from non-returned parent in 2020, “unqualified”

The result of “the first year of backdoor performance is not qualified for gambling” has been reflected in the 2020 annual performance forecast announcement. At that time, Jiaranzhijia had announced that in 2020, the non-net profit will be reduced by up to 30% to only 1.45 billion yuan; and that “preliminary estimates that the home chain will not be able to complete the 2020 annual performance forecast”.

Judging from the statement of the announcement, the new crown epidemic is the main factor that has caused such a predicament for home furnishing chains. Jiaranzhijia stated that “the household chain’s operating income was directly reduced by 2.161 billion yuan due to the impact of the epidemic, and the net profit attributable to the parent company will be reduced by 1.277 billion yuan after deducting non-recurring gains and losses in 2020.”

Among them, home furnishing chains reduced rents, property fees, market management fees, and advertising and promotion fees for a total of 1.569 billion yuan (72.6%); during the epidemic period, the leased area was reduced, and the rent was also reduced by 259 million yuan; Signing of franchise stores has been significantly reduced compared with the same period and plan, and the loss of household chain stores is 152 million yuan.

However, due to multiple factors such as preferential policies and property owners’ rent reductions, the household chain will save 443 million yuan in operating costs in 2020.

The home furnishing business is mainly engaged in home furnishing products retail, home improvement services, home store business, decoration business and other pan-furniture businesses. In December 2019, after nearly a year, the home actually backdoored Wuhan Zhongshang to land in the A-share market (issued by Wuhan Zhongshang) The shares purchased 100% of the home furnishing chain) and became another home furnishing store giant that has landed on the A-share market after Macalline (SH: 601828).

At that time, from the book assets alone, the transaction consideration of 35.65 billion yuan between the two parties was not cheap; compared with the net asset value of 11.199 billion yuan involved in the transaction, the premium rate was 218.54%.

As a result, this also left the sword of Damocles hanging over the head of the unexpected house-the gambling agreement. At that time, the two parties made performance commitments for the home furnishing chain: from 2019 to 2021, the home furnishing chain will achieve a net profit of no less than 2.06 billion yuan, 2.42 billion yuan and 2.72 billion yuan, respectively.

The agreement signed by the two parties also clarified that “if a force majeure event occurs that causes part of the original profit forecast compensation agreement to be unfulfilled or delayed, neither party is required to bear any liability for breach of contract due to the unfulfilled part or delayed performance caused by the force majeure event.” .

The first annual report after listing is the first performance commitment period. The net profit of household chain deductions from non-parents is approximately 2.117 billion yuan, far exceeding the commitment target of 2.06 billion yuan, and the performance completion rate is 102.76%.

In the first year after the backdoor, that is, the second performance commitment period, the final result showed that the net profit attributable to the owners of the parent company in the consolidated statement of the household chain was 1.368 billion yuan; the actual profit is the net profit after the deduction of the non-parent company after the consolidated statement. 1.297 billion yuan; and 2.42 billion yuan of performance commitments, there is still a gap of 1.118 billion yuan.

Photo source: “Special Verification Opinions of CITIC Securities Co., Ltd. on the Realization of the 2020 Performance Commitments and Performance Commitment Adjustments of Beijing Juranzhijia Home Chain Co., Ltd

In view of this, Zhiranzhijia said that it intends to adjust the performance commitments: After the adjustment, the net profit of the home chain in 2019, 2021 and 2022 will not be less than 2.06 billion yuan, 2.42 billion yuan and 2.72 billion yuan, respectively. ; In addition, the original performance does not make adjustments to other major terms in the gambling agreement.

In other words, after this adjustment, the 2020 performance commitment of the home furnishing chain will be postponed to the next fiscal year, 2021.

According to the announcement, the new crown epidemic is an unforeseen and insurmountable force majeure event that was unpredictable and insurmountable when the original performance betting agreement was signed, and it is directly related to the failure of the household chain to achieve the 2020 performance promise, so this adjustment plan is reasonable.

“This adjustment plan is conducive to further urging home furnishing chains and companies to increase the speed of performance recovery, increase the rate of performance improvement, and essentially improve the quality of listed companies, which is conducive to the long-term interests of all shareholders, especially small and medium shareholders.” Jiaran said.

This year’s GMV may exceed 100 billion yuan, and plans to open no less than 70 new stores

The annual report shows that due to the impact of the epidemic, the total revenue of the house in 2020 was 8.993 billion yuan, a year-on-year decrease of 2.56%; the net profit attributable to the parent was 1.363 billion yuan, a year-on-year decrease of 56.81%.

During the period, the operating cost of the house was 5.36 billion, a year-on-year increase of 9.3%; the expense ratio was 18.2%, a year-on-year increase of 4.6%, which was a drag on the company’s performance. In addition, in 2020, the annual sales (GMV) of Jia Ranzhi was 65.7 billion yuan, a year-on-year decrease of 17.87%.

In addition to the sharp decline in performance, from 2018 to 2020, the interest-bearing liabilities of the house were 258 million yuan, 3.104 billion yuan, and 4.131 billion yuan respectively, which increased by about 16 times in three years; of which, the long-term interest-bearing debt was 1.32 respectively. Billion yuan, 2.305 billion yuan, 2.587 billion yuan, 5.1 times in three years, accounting for more than 51%.

In May 2020, Ranzhijia, which was listed on the backdoor for only half a year, launched a fixed increase, issuing stocks to no more than 35 specific investors, raising funds no more than 3.595 billion yuan for store renovation and upgrading, and smart retail construction of Zhongshang Supermarket And replenish working capital and other matters.

In December of the same year, the unexpected home announced that it had completed a fixed increase of 3.5 billion, and companies such as Xiaomi, Ali, and Centennial Life Insurance appeared in the list of subscription targets, which brought a great “blood-tonifying” effect to the unexpected home affected by the epidemic.

Among them, Xiaomi Technology (Wuhan) Co., Ltd., furniture listed company Gujia Home Furnishing (SH: 603816), and Centennial Life Insurance each subscribed for 14.1643 million shares, each with a shareholding ratio of 0.22%; Alibaba (Chengdu) Software Technology Co., Ltd. subscribed 28,329,600 shares, with a shareholding ratio of 0.43%.

The latest financial report shows that in the first quarter of 2021, the house of unexpectedly realized revenue of 3.34 billion yuan, a year-on-year increase of 39.05%; realized a net profit of 630 million yuan, a year-on-year increase of 144.58%. Compared with the same period in 2019, the growth rates have also reached 61% and 43% respectively.

In this regard, Jiaranzhijia said that during the reporting period, the investment rate of the company’s direct-operated stores has overcome the impact of the epidemic and returned to a high level, and the expansion of franchise stores has also resumed rapid growth.

It also predicts that the company’s GMV is expected to exceed 100 billion yuan in 201, and it plans to open no less than 70 new stores throughout the year.

For Jia Ranzhi, 2021 is the second fiscal year after listing, and it is also a crucial year for its digital strategy. In December last year, Jia Ranzhi held a new retail achievement and digital strategy press conference, and for the first time disclosed in detail the new strategy of “building a home improvement and home furnishing industry service platform in the digital age”.

Wang Linpeng, chairman and chief executive officer of Juran Home, said that Juran Home is no longer a traditional home furnishing store, a traditional home retail enterprise, and a real estate-style property service provider. It must become an enterprise with long-term value.

At that time, Ranzhijia launched six self-operated IPs, covering design, decoration, auxiliary materials, logistics and distribution, smart home and after-home services, covering all the upstream and downstream tracks of home improvement and home furnishing, including lying flat designer home, digitalization Six platforms including smart home improvement service platform.

According to the plan of Juranzhijia, these six IPs have the profitability to run wildly along their respective tracks; they can also be interconnected and empowered with each other. It is estimated that “every track can contribute more than 10 billion in revenue within 5 years after it runs through.”

In terms of the main business, Jia Ranzhi predicts that in the next 5 years (2025), offline stores will strive to exceed 1,000, with GMV exceeding 150 billion yuan; within 10 years (2030), offline stores will strive to exceed 1,500, GMV More than 300 billion yuan.

However, the performance of the house in the stock market is not optimistic. On June 11, the stock price of Jiaranzhijia hit 6.31 yuan, the lowest since December 28, 2018; it closed at 6.73 yuan, down 0.16%.

On June 15th, the first trading day after the announcement of the adjustment of the performance commitment compensation plan, the stock price of Jiajiao reached the bottom again at intraday, to 6.22 yuan; it closed at 6.29 yuan, down 1.26%.

In the early morning of June 15th, Beijing time, LinkDoc Technology Limited, a Chinese medical big data company, submitted its first F-1 prospectus to the U.S. Securities and Exchange Commission (SEC). The company plans to be listed on the Nasdaq Global Select Market. Listed under the trading code “LDOC” and raised US$100 million. The underwriters of ZeroKr Technology’s IPO are Morgan Stanley, Bank of America Securities and CICC. Since it is the first F-1 prospectus, LingKr Technology has not yet disclosed the number of American Depositary Shares (ADS) to be issued and the expected issuance price range.

The prospectus shows that Zerokrypton Technology intends to use IPO funds raised: about 45% will be used to strengthen R&D capabilities and technical infrastructure, and to attract more oncologists, data scientists and other experienced professionals to join; about 15% will be used for expansion The company’s patient care center network and services, and other capital expenditures; about 25% of the funds will be used for potential strategic investments and acquisitions; about 15% will be used for general corporate purposes.

Visual China Map

Obtained strategic investment from Alibaba Health

According to the prospectus, Zerokrypton Technology was established in 2014, headquartered in Beijing, China, and its corporate address is No. 8 Haidian Street, Haidian District, Beijing. The company is a tumor big data solution provider. In March this year, it received a strategic investment from Ali Health. Other investors include China Investment Corporation and CICC Capital.

The prospectus quoted Frost&Sullivan’s data as saying that in terms of cultivating high-quality medical data assets, ZeroKrypton Technology is a leading data-driven and artificial intelligence medical technology company. The company has established China’s largest data-driven digital infrastructure for precision medicine. These include LinkCare, a digital continuous care platform for critically ill patients, LinkData, a longitudinal medical data management system that supports artificial intelligence, and LinkSolutions, a data-driven precision life science solution platform that helps life science companies accelerate clinical research and real evidence adoption.

According to the prospectus, in terms of the nursing platform LinkCare, Lingkrypton Technology generates revenue by selling innovative drugs, auxiliary drugs and nutritional drugs, as well as providing patients with infusion or injection services and other auxiliary businesses; LinkData is the core technology of Lingkrypton Technology. Platforms and R&D engines, not profit channels; LinkSolutions is a platform driven by real-world data, providing accurate life science solutions for life science companies in their clinical and commercialization stages. In the first quarter of 2021, the number of life science company customers of ZeroKr Technology was 169. As of March 31, 2021, LinkSolutions Service of LinkSolutions has supported more than 310 major researchers, covering approximately of the total number of new oncology indications approved for clinical trials in China from 2017 to March 31, 2021. 57%. Specifically, Zerokrypton Technology realizes the monetization of LinkSolutions by charging service fees for comprehensive clinical research services.

The prospectus shows that the vast majority of Zerokrypton Technology’s revenue comes from the sales of medicines and health products. The sales revenue of medicines and health products accounted for 75% and 85.5% of the company’s total revenue in 2019 and 2020, respectively, and accounted for 80.2% of the total revenue in the first quarter of 2021.

The prospectus shows that since April 2015, LingKr Technology has provided care for more than 3.5 million patients and provided longitudinal care for more than 2.5 million patients. According to Frost & Sullivan, Zero Krypton Technology has become China’s largest patient-centered continuous tumor care platform. As of March 31, 2021, ZeroKr Technology has established 34 patient care centers nationwide, covering 28 provinces across the country.

The prospectus shows that in 2019 and 2020, Zerokrypton Technology’s revenue will be 499 million yuan and 942 million yuan, net losses will be 434 million yuan and 489 million yuan, and basic and diluted losses per share will be 5.32 yuan and 6.59 yuan respectively. In the first quarter of 2021, the company’s revenue increased by 41% year-on-year to 223 million yuan, a net loss of 138 million yuan, and a basic and diluted loss per share of 1.76 yuan.

Completed six rounds of financing since its establishment

Zerokrypton Technology stated in its prospectus that, based on 2019 data, China is the world’s second largest medical market, with national medical expenditures of US$944 billion, an increase of 9.7% over 2015. With the improvement of people’s health awareness and personal disposable income, China’s total healthcare expenditure is expected to increase to US$2.529 billion at a compound annual growth rate of 9.4% in 2030. The total scale of China’s medical big data solutions market is rapidly growing at a compound annual growth rate of 43.9% from US$1 billion in 2015 to US$4.1 billion in 2019. It is expected to reach US$215.4 billion in 2030. The compound annual growth rate is 43.3%.

The prospectus also stated that among all the treatment fields in China, oncology has the highest growth rate in medical expenditures, mainly because China has the largest number of cancer patients in the world. The scale of China’s oncology big data market has grown from US$500 million in 2015 to US$2.1 billion, with a compound annual growth rate of 46.1%. It is expected to grow to US$119.6 billion by 2030. The compound annual growth rate from 2019 to 2030 is 44.4%.

The prospectus shows that as of March 31, 2021, ZeroKr Technology has 1,250 full-time employees, of which 199 are responsible for technology and R&D, 573 are responsible for operation and quality assurance, 352 are responsible for sales and marketing, and 126 are responsible for general administrative work. .

According to the prospectus, before the IPO, Zhang Tianze, CEO and director of LingKr Technology, held 61.3 million shares of the company, accounting for 19.7%; LingKr Technology co-founder, COO and CTO Luo Ligang held 9 million shares, accounting for 2.9%; Technology co-founder and executive vice president Li Liping holds 11 million shares, accounting for 3.5%.

According to the information of Qixinbao, since its establishment, Lingkrypton Technology has completed a total of six rounds of financing. After obtaining 1 billion yuan in Series D financing from China Investment Corporation on July 4, 2018, it received CICC Capital and Excellent on September 7, 2020. Hill Capital and Broadband Capital CBC 700 million US dollars in financing. On March 4 this year, Zerokrypton Technology also received a strategic investment from Alibaba Health, but the amount of financing was not disclosed.

The “Daily Business News” reporter noted that Qixinbao’s risk information on ZeroKr Technology showed that the company had been accused of labor disputes and infringement of the right to disseminate information on the Internet on May 15, 2019 and November 23, 2020, respectively. Prosecute. Secondly, on September 1 and December 1, 2020, there were two civil case judgment documents against the intellectual property rights infringement disputes of Zerokrypton Technology. The documents show that in the two dispute cases, Zerokrypton Technology is both defendant. In addition, Zhang Tianze, Li Liping and Luo Ligang all have a small amount of shares currently in a state of pledge.

Daily economic news

Author: Zhang Rui Produced | Deep Web・QQ MusicNews Xiaoman Studio May 24,quick workerScience and Technology announces its financial report for the first quarter of 2021 (three months ended March 31, 2021). The financial report shows that Kuaishou’s revenue in the first quarter was 17.019 billion yuan, a year-on-year increase of 36.6%; a net loss of 57.75 billion yuan, an increase of 89.4% year-on-year, and an adjusted net loss of 4.918 billion yuan, an increase of 13.2% year-on-year. For adjusted net losses, Kuaishou financial reports are defined as losses during the period plus share-based compensation expenses and changes in the fair value of convertible redeemable preferred stocks. Adjusted net loss of 4.918 billion yuan increased employee compensation expenses The financial report shows that the cost of sales of Kuaishou increased by 22.3% from RMB 8.2 billion in the same period in 2020 to RMB 10 billion in the first quarter of 2021. Regarding the increase in cost of sales, Kuaishou provided the following explanation in the financial report: The expansion of the user base and business growth have led to an increase in user traffic, as well as increased bandwidth fees and server hosting costs, depreciation of property and equipment and right-of-use assets, and amortization of intangible assets. On the other hand, increasing the number of employees and increasing share-based compensation expenses in order to support business growth has led to an increase in employee compensation expenses. In terms of gross profit, Kuaishou’s gross profit increased by 64.1% from RMB 4.3 billion in the same period in 2020 to RMB 7 billion in the first quarter of 2021. Gross profit margin increased from 34.2% in the same period in 2020 to 41.1% in the first quarter of 2021. Kuaishou’s explanation in the financial report was mainly due to the expansion of other businesses such as online marketing services and e-commerce business, which led to a decrease in our live broadcast revenue as a percentage of total revenue, which in turn led to a decrease in sales cost as a percentage of total revenue. Sales and marketing expenses increased by 44.0% from RMB 8.1 billion in the same period in 2020 to RMB 11.7 billion in the first quarter of 2021. Its percentage of total revenue increased from 65.0% to 68.5%, mainly due to promotion and Due to increased advertising expenses. Promotion and advertising expenditures increase in the first quarter of 2021. The explanation given by Kuaishou in the financial report was mainly due to the increase in marketing expenses and brand promotion activities for our promotion of Kuaishou Express Edition and other applications. In terms of administrative expenses, it increased by 128.2% from RMB 308.2 million in the same period in 2020 to RMB 703.4 million in the first quarter of 2021, and its percentage of total revenue increased from 2.5% to 4.1%. The explanation given by Kuaishou in the financial report was mainly due to the increase in the number of administrative staff and the increase in share-based compensation expenses to support business development, which led to an increase in employee welfare expenses. Excluding the impact of share-based compensation expenses, the percentages of administrative expenses to revenue in the first quarter of 2021 and 2020 are 2.7% and 1.8%, respectively. In terms of R&D expenditure, it increased by 199.2% from RMB 939.5 million in the same period in 2020 to RMB 2.8 billion in the first quarter of 2021, and its percentage of total revenue increased from 7.5% to 16.5%. Kuaishou’s explanation in the financial report was mainly due to the continued investment in artificial intelligence, big data and other advanced technologies, which significantly increased the number of R&D personnel and increased share-based compensation expenses, resulting in increased employee welfare expenses. Excluding the impact of share-based compensation expenses, the percentages of R&D expenses to revenue in the first quarter of 2021 and 2020 are 10.8% and 6.4%, respectively. Live broadcast revenue declines, online marketing services revenue has increased significantly From the perspective of revenue composition, revenue from online marketing services and other services increased year-on-year, while revenue from live broadcast business declined year-on-year. Revenue from online marketing services increased by 161.5% from RMB 3.3 billion in the same period in 2020 to RMB 8.6 billion in the first quarter of 2021. Kuaishou’s financial report explained that it was mainly due to the expansion of the user base to attract more online marketing customers, and the strength of artificial intelligence and big data to enhance the effectiveness of online marketing services. The revenue of live broadcast business decreased by 19.5% from RMB 9 billion in the same period in 2020 to RMB 7.3 billion in the first quarter of 2021. The explanation of the Kuaishou financial report is mainly due to the fact that the average monthly paying users of live broadcast have changed from 67.0 million in the same period in 2020 to 52.4 million in the first quarter of 2021. There were more monthly paying users in the first quarter of 2020, partly due to strict quarantine during the COVID-19 outbreak, and more users turned to online social and entertainment activities. In the first quarter of 2021, the general public returned to their normal lifestyles. The time spent on activities is reduced. Revenue from other services increased by 589.1% from RMB 175.8 million in the same period in 2020 to RMB 1.2 billion in the first quarter of 2021, mainly due to the expansion of e-commerce business. Over 150 million MAU in overseas markets In terms of user volume, both the scale and activity of Q1 users in 2021 will increase significantly. In 2021, the average daily active users of Chinese apps and mini programs of Kuaishou in Q1 of 2021 reached 379.2 million, a year-on-year increase of 26.4%. The average daily usage time of each daily active user of the Kuaishou app increased to 99.3 minutes, an increase of 10.5% from the 89.9 minutes announced in the fourth quarter of last year. Kuaishou also disclosed the latest developments in the international market for the first time: with South America and Southeast Asia as its core targets, it has achieved breakthroughs in different overseas products such as Kwai and SnackVideo. Data shows that the average monthly active users in overseas markets in the first quarter of Kuaishou exceeded 100 million. In April this year, MAU (monthly active users) in overseas markets further increased to more than 150 million. Kuaishou’s overseas business began to deploy around 2017. Since 2020, Kuaishou has further adjusted its strategy, increased investment and layout in overseas markets, and demonstrated a clear determination to internationalize. At the end of 2020, the former Didi international business COO Qiu Guangyu joined Kuaishou and became the new Kuaishou international business head; in April this year, Kuaishou ushered in a new head of overseas technology, former Facebook Chinese engineering executive Wang Meihong. Kuaishou’s investment in overseas markets shows Kuaishou’s determination to enter the international market. According to statistics, the number of active users of the overseas version of Bytedance TikTok has reached more than 800 million globally. Copyright statement: The content produced by Tencent News is not allowed to be copied or reprinted without authorization, otherwise legal responsibility will be pursued.

Morocco, located in the coastal area of ​​North Africa, is a standard Arab country. The main ethnic groups in the country are Arabs and Berbers. In recent years, Morocco has become more and more popular with Chinese tourists. When Chinese tourists come to Morocco, they often go to three landmark destinations-Marrakech, Chefchaouen and Fez, especially with the “World.net” Chefchaouen, known as the “Red Ancient City”, has fascinated most international tourists for many years because of its colorful blue, and has become a must-see destination for travel in Morocco. This trip is no exception, but unlike other tourists, we rent a car in Morocco by car. It takes only 4 hours to drive from the old city of Fez to Chefchaouen, and the scenery along the way is mostly mountainous. When I was approaching the destination from the mobile navigation, the car happened to be at a corner of the mountainside. Looking out the window, the small town in the distance was dazzling blue and white in the noon sun, where I was dreaming. Chefchaouen. The old city of Chefchaouen is built on the hill, so cars are inaccessible. If the hotel you book is in the old city, you can only park your car in the parking lot outside the old city and enter the city with your luggage. This famous tourist city almost satisfies most people’s fantasy of the fairy tale world, because Chefchaouen is not only full of dreamy blue and fresh air, but also countless winding streets that are just right. Moreover, this old city with a history of more than 500 years has a very strong personality. You must unconditionally accept its personality to fall in love with it, otherwise you will not be able to stay for a day! Visiting the streets and lanes of Chefchaouen, we were prepared for most locals not to cooperate with the photo, so before we want to take pictures of the locals, we must first politely ask the other party whether they agree. But as netizens said, local people are very reluctant to take pictures, and the chance of me being rejected is more than 90%! What’s even more exaggerated is that I haven’t even raised the camera, just hung it on my chest. Some ten-year-old children ran over and pointed at the camera and said “NO! NO! NO!” Out of respect, I took the SLR. Put it into the backpack, and only use a small card machine to take pictures of Xiaojing and the streets. There was a saying on the Internet that most of the residents living in the old city of Chefchaouen are Berbers. They are very sensitive to taking pictures, especially tourists who take pictures of them are blasphemy, which will bring them to themselves. Disadvantage, especially bad for women and children. But if the opponent is not a Berber, he will be much more enlightened. So here, we are more shooting the back of the locals. Choose a street view angle, look around, wait for someone to pass in front of me and leave me behind before raising the camera. When we first entered the small town of Chefchaouen, we followed the map to find the hotel booked. However, the hotel was not in the location marked on the map. This made me panic and looked around anxiously. At this time, a young local guy stopped as he walked in front of me and asked what I was looking for. I said the name of the hotel, and he said it in a “Ula-Ula” way. I only understood the sentence “I will continue.” Go ahead for a while”. To be honest, in the face of this winding alley, it is difficult for us to understand what he said. He also saw my doubts and blurted out-“follow me”. Followed him along the road for five minutes and finally reached the hotel he was looking for. It turned out that this hotel was in the hilltop area. I subconsciously took out my change to express my gratitude, but he waved and refused. He said that he was selling blankets at the intersection where he met me, and he welcomed me to patronize. Although we did not buy anything in his shop, he still enthusiastically introduced the good restaurants and attractions around him. His kindness also made us less uneasy and suspicious about the shopping in Chefchaouen’s old city. I even think that the businesses in the old town are as kind and helpful as this little brother. Saying goodbye to my brother, we also put down our guard and walked into the criss-cross streets of the old Medina of Chefchaouen. This is like another world, like an indulgent shopping paradise that will empty your wallet. Copper plates, shawls and jewelry exude an alluring light in front of the shop. Hand-woven tapestries, handbags and rich spices fill your senses, beautiful Moroccan slippers and bottles and jars of various colors. Full of tables and shelves. Tips: You can bargain in Moroccan street or market transactions. Generally, it can be halved on the basis of the vendor’s bid, and then gradually negotiate concessions until the transaction is reached. After completing the transaction, it is best to say Shukran (Thank you in Arabic) with a smile to show your gratitude. According to the recommendation of the brother of the blanket shop, walked out of the old town and found an Italian restaurant on a street corner. The shop is not big, and there are two girls with outstanding figures and looks taking care of it. We decided to settle the meals here for the next two days, because here you can not only eat delicious pizza and pasta, but also beautiful women to watch, which really makes us have a special liking for this small shop. To enjoy the perfect meal, we walked to the opposite mountain. There is a mosque on the hill of Chefchaouen, which is said to be the best place to overlook the entire town. As night fell, there were no tourists left, only we were waiting for the night view of Chefchaouen. The breeze is blowing with coolness, and with the dog barking from time to time, guarding this blue town and the fiery sunset, I feel a little happy at this moment.

As a leading financial technology provider in the industry, CITIC Network Technology launched a real-time anti-fraud system for banks based on big data and advanced artificial intelligence technology, and established a multi-integrated system of “risk prevention and control, continuous monitoring, tracking implementation, daily management, and supervision and inspection” Real-time linkage monitoring and analysis mechanism, making full use of modern technology such as big data, artificial intelligence, cloud computing, etc., by strengthening the mechanism of “pre-monitoring access, in-event monitoring and operation, and post-event strong risk analysis” to achieve the bank’s internal omni-channel and full-product , The whole process 100% transaction risk identification and control, establish and improve the transaction risk monitoring model and interception mechanism during account opening and duration, and build a comprehensive risk identification, assessment, monitoring, early warning, blocking, analysis and security of comprehensive risks The management and control platform helps banks to better identify fraud in financial services, jointly protect the safety of users’ information and property, and further promote the construction of a financial security ecosystem.

Real-time monitoring to build a smart bank risk control system

In recent years, with the rapid development of big data, cloud computing and artificial intelligence technologies, banking service models have become increasingly diversified. While customers enjoy flexible and convenient services, bank fraud risks have become more concealed and professional, and more criminal methods and expressions have been developed. Traditional fraud detection usually relies on expert rules, blacklist libraries and other methods, which can no longer adapt to new fraud challenges.

The real-time anti-fraud system of CITIC Net Branch adopts big data, cloud computing and artificial intelligence technology to realize real-time risk identification and control of bank transactions. It adopts an internal container cloud deployment solution to ensure financial data security and compliance, and customer data display adopts encryption Mechanism to ensure the protection of customer privacy, build an account risk rating mechanism, grasp high-risk links and groups, and achieve early warning and disposal.

Not only that, in order to empower the bank’s digital transformation, CITIC Network Technology has increased investment in scientific research, listed big data and intelligent risk control as the company’s core development strategy, continued to invest in research and development, and strengthened basic research on big data, cloud computing, and artificial intelligence. , Launched industry solutions for intelligent risk control and big data processing platform.

Xinchuang adapts, fully realizes independent and controllable

The innovation and development of information technology application is a national strategy, and building China’s independent IT infrastructure will be an epoch-making measure in the field of my country’s information technology. Through the foundation laid by the “13th Five-Year Plan”, the Xinchuang ecosystem has taken shape, and the Xinchuang business is embarking on a fast track of development.

The real-time anti-fraud system of CITIC Netbank is quickly adapted to the ecosystem of Xinchuang and Huawei, so that the full-stack technology and the surrounding technology environment can be domestically controlled independently to adapt to the ever-changing external complex environment; focus on regulatory trends and customer pain points, and quickly adapt to each Industry solutions, such as: “customer experience indicator system” to help customers operate, “anti-internal and external fraud system” to help control risks, and “real-time big data processing platform” to help build basic capabilities. On the road of digital transformation, we will be the “driver of in-depth management” for customers, pay attention to customers’ customers, use technology to connect customers closely, and help enterprises achieve strategic goals. The system works closely with Huawei container cloud, data warehouse, financial alliance, and more than a dozen transaction channels to jointly build a complete financial ecological environment, realize close transaction correlation and information exchange and sharing within the system, and each bear its own responsibilities in the financial ecosystem, and it is satisfied The current business needs also take into account the future independent and controllable needs of Xinchuang.

Customer first, from the customer’s perspective

Nowadays, banks are in a critical period of digital transformation. With the digital transformation of banks, banking service models are becoming increasingly diversified. At the same time, banks are under multiple pressures from external fraud cases, internal compliance and regulatory penalties. How to strengthen risk management and control capabilities Become an important issue for banks.

CITIC Net Technology builds customer empathy and launches risk control solutions based on big data, artificial intelligence, and cloud computing to help customers build the first line of defense against risks. From the perspective of customers, help customers improve their business environment and prevent financial risks. And loss; use technology to closely contact customers, intelligently identify customer identities and behavioral risks through big data profiling and artificial intelligence analysis, protect customer fund safety in a state of customer insensitivity, and help companies achieve strategic goals, and from product technology, performance, Establish models in dimensions such as business accuracy and risk coverage, encapsulate and embed risk control models into customer business processes, guard operations, interrupt high-risk transactions, provide more bank customers with anti-fraud security services, and improve the outdated banking industry. Control system to promote the intelligent evolution of the bank’s risk control system.

As a fintech service provider with 20 years of experience in the industry, CITIC Nettech’s mission is to provide customers with professional services. It has launched a number of detailed solutions in the fields of mobile finance, smart marketing, and smart risk control. , Smart payment, online finance and other fields. Up to now, CITIC Network Technology has provided high-quality financial IT solutions and services to more than 220 financial industry customers, including state-owned banks, joint-stock banks, city commercial banks, rural credit cooperatives, rural commercial banks, and private banks.

Is OEM still not a good business?

Wen丨Chinese Business Strategies A Yun

Compared with the “quick money” made by emerging industries such as the Internet, the traditional industry of shoemaking is often looked down upon, and the considerable productivity and steady growth in revenue of shoemaking companies in Taiwan have caused people to rethink about foundry. business.

【Shoe King】

On May 6, 2021, Forbes China Taiwan Rich List was released.

It was not Terry Gou, the founder of Foxconn, the world’s largest contract manufacturer, nor the Wei family behind the food giant Master Kong, who aspired to the throne of the richest man. Rather, it was a shoe maker with a net worth of US$13.8 billion (approximately 89 billion yuan). Zhang Congyuan.

Maybe you don’t know who Zhang Congyuan is, but the Converse, Nike, and Puma you wear on your feet are likely to come from his foundry-Huali Group.

Just over a month ago, Huali Group successfully went public and became the first sports shoe manufacturer in A shares. The prospectus shows that even in 2020 affected by the epidemic, its net profit is still as high as 1.876 billion yuan, a year-on-year increase of 7.27%.

▲Huali Group listed on the ChiNext of Shenzhen Stock Exchange

Zhang Congyuan was born in the countryside of Yunlin County, Taiwan Province in 1948. His father farmed the fields for a living. He graduated from Chiayi Agricultural School at the age of 18 and joined a shoe factory in Yunlin at the age of 20 as an ordinary administrator. After he became famous, the media interviewed his fellow villagers and classmates in Tainan and talked about his achievements. The most described as “unexpected”.

With management experience in a shoe factory, in the 1980s, Zhang Congyuan decided to start his own shoe factory, Jingxin Shoes. Due to limited funds, he can only buy pig houses and farmhouses as factories. “If I don’t have money at home, I will live a life without money. If people buy lots and buildings, I will buy pig houses and farmhouses in the country.”

With insufficient funds, it is natural not to choose products with high thresholds and difficult production. In an interview with the media, Zhang Congyuan said: “If football shoes and basketball shoes are the first and second profit kings in shoes, vulcanized shoes (canvas shoes) are probably the last one.”

And it is precisely this “least profitable” vulcanized shoe that made him start and gain a foothold.

Because Taiwan is rich in rubber and cheap in materials, if ordinary sports shoes are produced, there is almost no R&D cost; while vulcanized shoe soles need to be cross-linked with sulfur under a certain temperature and pressure environment to make the two strong Combining land together, the quality is not easy to be guaranteed, and many shoe companies have given up.

There is only one logic for Zhang Congyuan to change his original idea and choose to go the opposite way with his peers:

Doing business that others don’t mean less competition. As long as you do a good job, you can survive.

“I didn’t think it would be more difficult if you can only do the leftover orders from others… The point is, do you have the determination to do better than others.” Zhang Congyuan said.

Compared with “Huali”, Zhang Congyuan is better known in Taiwan as his shoe factory “Hongfu”. Hongfu is the world’s second largest shoe factory with 150,000 employees worldwide, and it is also the world’s largest vulcanized shoe factory.

Personal success is inseparable from the creation of the times and the environment. Zhang Congyuan’s story is only a microcosm of the development of the footwear industry in Taiwan.

【Rise】

In 1832, an Irishman immigrated to the United States. When he was a printer in a small town in Massachusetts, he stood in front of the machine every day. Because he felt pain after standing for a long time, he put a rubber pad on the sole of his feet and the pain was significantly reduced. After he got home, he simply fixed the rubber skin to the sole, and rubber-soled shoes were invented.

It is only natural that Taiwan, which has a huge rubber output, has become the “base camp of raw materials” for rubber soles.

During the Second World War, the Japanese established large-scale rubber factories in Taiwan, imported natural rubber from Nanyang, and mass produced products such as tires and rubber shoes.

In 1955, Hollywood star James Dean became popular with the movie “Rebellion Without a Cause”. He wore jeans and white canvas shoes, making canvas shoes (that is, sulfurized shoes) once a symbol of youth rebellion and hippie spirit. All the rage.

▲The image of James Dean wearing canvas shoes

Since then, Converse and Puma have carried out technical research on canvas shoes, through the use of sulfurized steam technology to make the upper and sole have higher strength and elasticity, which makes it possible to mass-produce sulfurized shoes and become popular consumer products.

The earliest companies that produced Puma and Converse were the “Hongfu” of Zhang Congyuan.

In the early 1970s, developed countries in Europe and the United States gradually entered the post-industrial era, and the market was in a highly competitive state. The transfer of manufacturing industries to reduce manufacturing costs became a common outlet for European and American companies. The central region of Taiwan, China, which has cheap labor, has become the “place of heaven,” and the shoe industry has been able to grow rapidly.

In 1971, the number of shoes sold abroad in Taiwan reached 100 million pairs. In 1976, the export sales of the footwear industry in Taiwan surpassed that of Italy, becoming the world’s largest footwear export region. The shoe industry, together with the electronics and textile industries, is believed to have created the economic miracle of Taiwan in the 1970s.

In the 1980s, internationally renowned foundry shoe factories such as Hongfu, Baocheng, Fengtai, Yuqi, Longdian, Qinglu, Kainan, and Jiuxing emerged in Taiwan, and Taiwan also gained the beauty of the “kingdom of shoemaking”. name.

In 1986, the total amount of footwear sold abroad in Taiwan reached its peak, exceeding 800 million pairs. At that time, the global population was approximately 4.9 billion, which means that one out of every six people in the world could wear shoes made in Taiwan.

▲Shoe factories in Taiwan in the 1970s and 1980s

In 1987, the total export value of rubber products in Taiwan was 7.46 billion Taiwan dollars (approximately 287 million U.S. dollars), of which the export value of rubber shoes was 3 billion Taiwan dollars, accounting for almost half.

However, Taiwan’s economy, which relied on the rapid rise of “foundry” in various industries, has gradually unbalanced the industrial structure due to long-term excess output, and at the same time is greatly affected by the export market, which has laid hidden dangers for its subsequent industrial predicament.

In 1988, Taiwan’s economy overheated and the Taiwan dollar’s ​​appreciation against the U.S. dollar accelerated, causing the footwear industry’s exports to suddenly chill. From January to April of this year, the number of shoes exported from Taiwan to the United States decreased by 29% compared with the same period of the previous year.

According to statistics from the Taiwan Shoemaking Association, in 1988 and 1989, more than 600 production lines in Taiwan were discontinued.

Exports are cold, production is trapped, and the “small profits but quick turnover” route is unsustainable. Taiwanese shoe companies, which control more than 80% of the world’s branded shoe production, have set their sights on the other side of the strait.

【migrate】

In the 1990s, many Taiwanese shoe companies moved their factories to the mainland, including Zhang Congyuan’s companies.

He co-founded Xinfeng Group as a joint venture to engage in sports shoes foundry in mainland China. In 1995, the company established its headquarters in Hong Kong and successfully went public. Zhang Congyuan owns 15.7% of the shares.

Cheap and sufficient labor was the advantage of the mainland at that time in attracting shoe companies in Taiwan. Statistics show that in 1987, the wages of shoe-makers in Taiwan were US$1.55/hour, while the wages of shoe-makers in mainland China were only US$1.75/day.

Coupled with the policy advantages of reform and opening up, In a very short period of time, the mainland shoe industry has replicated the glory of the shoe industry in Taiwan.

The two provinces of Guangdong and Fujian, which are the closest to Taiwan, have become destinations for the relocation of the shoe industry in Taiwan. Cities such as Dongguan, Putian, and Jinjiang have become beneficiaries of this wave of industrial relocation.

Take Putian as an example. Before Taiwanese businessmen entered Putian, Putian was already the center of the footwear industry in Fujian Province. In 1986, the total output value of Putian’s shoe leather industry exceeded 100 million yuan, accounting for more than 70% of the province. After Taiwanese businessmen brought in a large number of international orders, it exploded at an astonishing rate of development.

Putian had more than 100 shoe companies in 1993, producing over 100 million pairs of shoes each year; by 1996, Putian’s total output value of the shoe industry had risen to 4.29 billion yuan.

however, The brilliance created by relying on labor advantages and following the foundry model is also short-lived.

To put it bluntly, OEMs still make hard money. According to the survey of the International Consumers Union, the gross profit of the factory accounts for 2% of the cost of a pair of shoes, the labor cost accounts for 0.4%, and the labor cost accounts for 20% of the gross profit of the factory.

The rising cost of raw materials is inevitable, and the factory can only make a fuss on this 20% of labor if it wants to increase its net profit.

Thanks to the regional economic development brought about by the rise of the manufacturing industry, the rising labor cost in the mainland has once again made the foundry inevitably fall into a vicious circle. In 2001, the minimum wage in Fujian Province was 380 yuan/month, while the minimum wage in Vietnam was about 164 yuan/month.

In 2012, the sports shoe giant Adidas announced that it would close its only own factory in China and relocate its production line to Southeast Asia, kicking off a new wave of industrial transfer. Taiwanese shoe companies have also begun to move to Southeast Asia where labor costs are lower.

【future】

Labor costs continue to rise, and shoemaking alone can no longer bring considerable profits.

After Zhang Congyuan’s Xinfeng Group went public, it began to diversify its development and create a number of sports brands, and even increased investment in the real estate industry. The proportion of shoemaking businesses in the overall business has become smaller and smaller.

In July 2013, Xinfeng Group announced that it would sell the entire equity of Yiming Investment for a total consideration of 429 million yuan, and its main business is the manufacture of footwear products.

It was the Zhang Congyuan family who took over. Zhang Congyuan, who started from shoemaking, was obviously not willing to give up his old business that he had accumulated over the years. He renamed the shoemaking business of Xinfeng Group to “Huali” and started to operate independently.

A short time after taking over, the Zhang Congyuan family first acquired 15 Vietnam factories and Dominican factories through the family-controlled Hong Kong company, and the trading business of 24 trading companies, and then acquired 15 companies in Hong Kong, China through the subsidiaries of Huali Co., Ltd. .

At present, the majority of Huali Group’s employees are in northern Vietnam, while the proportion of manufacturing personnel in mainland China and Taiwan is only 0.3%. As of the first half of 2020, the company’s self-produced output totaled 75.4 million pairs, of which 74.61 million pairs were produced in Vietnam and 800,000 pairs were produced in Dominica, each accounting for 98.9% and 1.1% of the total.

▲Development history of Huali Group’s main customers

Image source: Huali Group Prospectus

Zhang Congyuan’s consistent strategy of “small profits but quick turnover” determines that the cheap labor force in Southeast Asia will be the key to Huali’s profit.

In the first half of 2020, Huali’s average sales unit price to Converse is 72.50 yuan/pair, and the average sales unit price to Nike is 80.20 yuan/pair. The other factory is mainly concentrated in Taiwan and the mainland shoe company Winterthur. The unit price to Nike is about 120 to 140 yuan, nearly twice that of Huali.

In terms of output, Huali is also far ahead among the shoe companies in Taiwan. In 2019, the per capita footwear output of Yuyuan, Yuqi, and Fengtai were 929 pairs/year, 927 pairs/year, and 792 pairs/year, respectively, while Huali reached 1,378 pairs/year.

In addition, compared with other Southeast Asian countries, Vietnam has the advantages of being close to China, which can effectively save transportation costs and have low import tariffs on European and American countries. This is why Huali chose to locate its factory here.

In 2018, the shoe manufacturing business revenue growth rates of several major shoe companies in Taiwan, Yuyuan, Yuqi, and Winterthur were -3.12%, -3.91%, and 9.41%, respectively, with an average growth rate of 0.79%. The closing achieved a high growth of 23.96%.

From the disclosure of Huali Group’s prospectus, Huali Group has nearly 136,000 employees in 2020, more than 180 million pairs of shoes, operating income of more than 15 billion yuan, and net profit of 1.821 billion yuan.

Huali’s considerable productivity and year-round steady growth in revenue have allowed people to see the amazing resilience of the traditional industry of shoemaking and begin to re-understand the business of “foundry”.

However, everything has two sides, What people see is brilliance, but what they don’t see is crisis.

Under the influence of the epidemic, European and American sports shoe brands have cut orders. The revenue of Huali’s two major customers, Nike and VF, has dropped significantly. The Nike report showed that the net profit in the fourth quarter of 2019 was a direct loss of 5.634 billion yuan; VF revenue also plummeted, and the revenue in the first quarter of 2020 fell by as much as 47.51%.

Misfortune never comes singly, Vietnam, which has an advantage in labor, has also been exposed to a “labor shortage”.

Vietnam Express (VnExpress) pointed out that in Ho Chi Minh City and Binh Duong Province, the monthly salary of textile and shoe factories, including social insurance and lunch, is between 5 million and 12 million VND, but they are affected by emerging industries such as the Internet. , Even if it pays 15 million (approximately RMB 4,200), it is still difficult to find workers.

At the same time, the emerging economy is surging, which has also accelerated the fleeing of some young people from traditional manufacturing. The prospectus of Huali Group’s listing also shows that the company’s turnover rates in the past three years have been 22.04%, 22.83%, and 27.31%. At least 20% of employees leave each year, and the turnover rate has increased.

Following in the footsteps of the footwear industry in Taiwan, Zhang Congyuan, who started from scratch, relied on the rapid pursuit of cheaper labor and now leads the way as a “dark horse”. However, under the general trend of accelerated disappearance of labor cost advantages, the future challenges will only be More.

Traditional “foundry” is still profitable, but when “low-cost labor” no longer becomes the advantage of the shoe industry, can Taiwanese foundry companies represented by Huali continue their shoemaking kingdom? In other words, whether the dependence on labor can be reduced will largely determine the future of “foundry”.

In fact, Huali is also making plans for its future, which is to upgrade from OEM production to design and OEM production, and gradually has a strong product development and design strength.

【Reference Materials】

[1]”Exclusive Interview: From Pioneer Entrepreneurship to New Richest Man” Business Weekly

[2]”Dismantling the “first share of sports shoe foundry” Huali shares: R&D investment is only 2%, binding to Nike and other big names, what is the competitive advantage” Vitality Capital

[3]”Taiwan’s new richest man, making shoes and making billions of net worth | Juchao” Juchao Business Review

[4]”Taiwan’s Export Industry-The Rise and Fall of the Footwear Industry” Journal of Hangzhou Normal University

[5]”Recent Situation of Taiwan’s Footwear Industry” Western Leather

——END——

Welcome to pay attention to 【Chinese Business Strategies】, learn about the heroes, and read the legends of the strategies.

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The Financial Associated Press reported on June 15, Wind data showed that Northbound funds sold a net 5.154 billion yuan throughout the day, of which 5.608 billion yuan was sold for Shanghai Stock Connect and 454 million yuan was bought for Shenzhen Stock Connect.

News on June 15th, the three major indexes opened with mixed changes, and sharply fell after the opening. The index and the Shanghai stock index expanded to 1% successively. The Shanghai Composite Index fell below the bottom of the box, and the ChiNext index was on the 5th and 10th. The moving average was supported, and the Science and Technology 50 Index bucked the trend and rose. In terms of the sector, Huawei Hongmeng concept stocks, which have risen sharply for three consecutive days, opened a callback, the virtual reality sector continued to strengthen, and the chip sector bucked the trend. In the afternoon, the index continued to fluctuate underwater. In terms of the sector, the capital reduction front focused on attacking the technology sector. The front row stocks of Hongmeng concept stocks continued to attack, and some funds returned to the liquor sector. Second-line liquor rebounded. Near the end, Hongmeng concept stocks plunged sharply. Generally speaking, the market sentiment is sluggish, individual stocks have fallen more and rose less, and the effect of making money is poor.

On the disk, the LED concept and the semiconductor sector have the largest gains, and the Hongmeng concept and the textile manufacturing sector have the largest declines.

Hot section:

1. Liquor concept

   The liquor sector fell sharply again on the 15th. As of press time, Yanghe shares (204.000, -7.28, -3.45%), Huangtai Liquor (33.600, 2.34, 7.49%) (rights protection), Luzhou Laojiao (249.860, -) 8.39, -3.25%) fell sharply, Shunxin Agriculture (44.900, -1.13, -2.45%), Yilite (30.900, 0.53, 1.75%), Mogao (8.230, -0.07, -0.84%), Wuliangye (299.260) , -2.31, -0.77%) followed the decline.

   Huaan Securities (5.610, -0.18, -3.11%) pointed out that the price of the liquor sector was volatile and adjusted. On the one hand, the industry was affected by consumption tax concerns. On the other hand, the personnel adjustment of individual stocks Yanghe shares caused market concerns. It is not the first time that the worries about liquor consumption tax have appeared. We continue our previous view that the implementation of liquor consumption tax is less feasible, because the flow of liquor is complicated and diverse, and it is difficult for tax authorities to levy taxes at the end of the sales link. In terms of individual stocks, the chairman of Yanghe Co., Ltd. began to manage all company markets, including sales, worried that personnel adjustments would affect the company’s sales system and reform advancement. Yanghe’s personnel adjustments will not affect the overall development of Yanghe. The company’s overall development is healthy and orderly. Meng 6+ has strong growth and is expected to exceed 10 billion next year. Haitian will return to positive growth. The company’s incentive plan will most likely be implemented this year, driving the enthusiasm of the company’s sales and management personnel. Continue to recommend high-end liquor Mao Wulu, while recommending to pay attention to Shanxi Fenjiu (486.000, 15.75, 3.35%), Yanghe shares, and Shuijingfang (126.130, 3.88, 3.17%).

2. Semiconductor

The semiconductor sector rose sharply during intraday trading on the 15th. As of press time, National Technology (14.650, 2.44, 19.98%), Absen (9.330, 1.13, 13.78%), Espressif Technology (192.000, 21.86, 12.85%), Unimin Technology (9.020, 0.91, 11.22%), Chipeng Micro (90.460, 8.76, 10.72%), Hengxun Technology, etc. rose sharply, Rockchip (129.670, 11.79, 10.00%), Dike (50.550, 4.41, 9.56%) ) Follow up.

Driven by digital economy smart applications such as automobiles, servers, Internet of Things, and 5G, the semiconductor market is expected to enter a three-year-old super boom cycle since 2019. WSTS, IDC, etc. all predict that the global semiconductor market will exceed 500 billion U.S. dollars for the first time in 2021. According to the forecasts collected by SEMI, the average global semiconductor market will reach 570 billion U.S. dollars in 2022. According to ICInsights statistics, the revenue of the top 15 semiconductor companies in the world in 2021Q1 increased by 21% year-on-year. As the storage market enters a new round of upward cycle, Samsung’s revenue in the second quarter of 2021 is expected to surpass Intel to become the world’s number one.

News:

1. JPMorgan Chase released a global market strategy report stating that despite the recent decline in U.S. bond yields, this does not mean that market inflation expectations have cooled, and more likely to be driven by technical factors. JPMorgan Chase advises clients to firmly embrace “procyclical” transactions, and it is expected that “procyclical” transactions will benefit when the global economy reopens this summer.

2. Today, Powerland (100.610, 10.03, 11.07%) public account news: Powerland’s application server software has passed Kunpeng Validated certification. Powerland and Beijing Kunpeng Joint Innovation Center carried out in-depth full-stack optimization of Powerland’s application server software solution based on Kunpeng BoostKit, which increased the typical HTTPS access processing performance (TPS) by more than 38%, while obtaining highly reliable database access , High-performance clustered business deployment support, effectively promoting the safer, more stable and efficient operation of enterprise-level applications based on application server middleware deployment in Kunpeng environment in various industries, and fully tapping Kunpeng’s computing power.

3. According to Sinochem’s WeChat public account, on March 31, with the approval of the State Council, Sinochem Corporation and China National Chemical Corporation Limited implemented a joint reorganization. On May 8, China Sinochem Holdings Co., Ltd. was officially inaugurated and established. Recently, the joint office of the headquarters of the two chemical companies was officially launched.

   Outlook:

   Essence Securities pointed out that the main Shanghai Composite Index continued to trade sideways last week, while the ChiNext ushered in the fifth consecutive week of gains. After entering June, the yield of the domestic bond market has rebounded significantly, restricting the short-term performance of A-shares. The tight inter-bank funding at the end of June may also have a short-term impact on the market. At the same time, a historical review of the 5 major conferences or major celebrations in the past ten years shows that there may be short-term fluctuations in market risk appetite in the first 2-3 weeks of major events and the 2-3 weeks after the end. In the medium and long term, the fundamentals of A-shares in the interim report of this year and the second half of this year are likely to be better than market expectations. Under the background of the Fed’s significant dovishness and the completion of the domestic economic recovery, the domestic bond market yields have limited upward space, liquidity environment and risk appetite The overall factors are still favorable, and the profitability and growth of the company will become the core logic of the next stage of the market.

   Jufeng Investment Consulting believes that the PMI index has fallen for two consecutive months, indicating that the economic recovery has slowed down; the decline in social financial data and the slowdown in the issuance of public equity funds indicate that liquidity has tightened; the market has renewed its search for certainty. After the quarterly report, winemaking, brokerage, and coal have become the main lines leading the rise. After the Shanghai Composite Index rebounded to around 3,600 points, market divergence increased: brokerages, coal, and technology stocks (Huawei Auto, Hongmeng Concept) rebounded in a relay. On Tuesday, after the opening of the A-share market, the A-share market fluctuated and declined. The steel, nonferrous metals, insurance, and coal industries led the decline, and the market had a strong risk aversion. Recently, the A-share sector has been rotating frequently, showing a see-saw pattern overall. It is recommended that investors control their positions and pay attention to high-quality stocks with valuation advantages in the mid-term bargaining.

   Source: Sina Finance, Financial Association

Every day, in the early morning or evening, fishermen often gather in groups to go to the sea to drop nets and pull aquatic products by walking backwards on the beach; Each group has from 10-16 people depending on the length of the trawl from 600-800m. The net is dropped into an arc and pulls slowly by human strength to close the two ends of the net to collect fish. (Photo: Tran Le Lam/VNA) Thanks to the rubber belt that is attached to the back, it is wrapped around the rope to increase traction to help quickly close the cage to pull the net to the shore so the fish cannot escape. (Photo: Tran Le Lam/VNA) Fishermen crossed the waves and released their nets. (Photo: Tran Le Lam/VNA) The fisherman slowly pulls the net to trap fish on the beach. (Photo: Tran Le Lam/VNA) Everyone can participate in pulling nets, regardless of men, women, old or young. (Photo: Tran Le Lam/VNA) The net will be gradually gathered and shrimp, fish and squid will be gathered towards the end of the net. (Photo: Tran Le Lam/VNA) The nets are pulled up with fish and shrimp jumping. (Photo: Tran Le Lam/VNA) Fresh fish caught in nets are pulled ashore. (Photo: Tran Le Lam/VNA) After the towing, each person has a job, the one to sort the fish, the other to collect the net to prepare for the next net. (Photo: Tran Le Lam/VNA) People and tourists love to see fish pulling and buy because fresh fish is of good quality. (Photo: Tran Le Lam/VNA) Big fish will be sorted to sell at a higher price. (Photo: Tran Le Lam/VNA)

This is one of the technology products under the project “Modernizing Vietnam Post’s information technology system” of Vietnam Post.The CAS multi-service transaction system is built on the basis of Riposte solution. of the Escher group, has been successfully applied in 35 countries with a developed postal background. CAS Multi-Service Transaction System is designed specifically for the field of automation, retail customer transactions with 3 technology applications in digital transformation, including: CAS-Counter (at multi-service counters), CAS-Mobile (on mobile devices) and CAS-Kiosk (on vending machines). The CAS-Counter system, after connecting with supporting peripheral devices such as barcode readers, QR code scanners, electronic scales… enables the provision of postal services, postal finance, retail distribution and public administration for customers on a single transaction software, at all post offices and service points of Vietnam Post. Thereby, tellers and service staff only need to perform simple and quick operations on a modern and complete interface, meeting all the needs of customers when receiving services. According to a representative of Vietnam Post, through CAS-Counter, a Vietnam Post teller can simultaneously provide nearly 100 domestic and international postal services, more than 60 collection and payment services, and financial services. administration, public administration and over 5,000 retail goods and products on the same interface and the same software. Not only bringing convenience to postal workers, CAS-Counter also brings convenience to customers when they can use many services at the same time at a single counter when going to the post office. In addition, the operations on the publication will be eliminated, the error of sender and recipient information is minimized; Transaction methods through the electronic system such as using barcodes and QR Codes are applied in conducting transactions on modern application platforms. Maximize support for tellers, increase customer experience In order to create accuracy right from the receiving stage, Vietnam Post synchronizes the CAS-Counter into high-tech platforms such as automatic sorting and picking line systems at mining centers, regional hubs, My VietnamPost app, Dingdong broadcasting software on Smartphone for postmen, PacknSend communication system… All of the above application and software systems have helped businesses shorten the time for the whole postal process to be 1 day for near-regional areas, 2 days and up to 4 days for inter-regional and regional postal services. guaranteed product. For retail services, the system allows quick, convenient, simple and accurate transactions with customers when the product codes are entered directly from the supplier, this ensures transparency. information with the customer, after the transaction, the customer can accurately compare the item code, price and total amount to be paid. When Vietnam Post is licensed by the State Bank of Vietnam as a payment intermediary, CAS-Counter will closely connect with the PostPay electronic payment platform for customers’ collection and payment transactions. From there, CAS-Counter optimizes and corrects every detail when customers use the service, as well as conduct financial and banking transactions through a network of 13,000 service points of the post office. Mr. Nguyen Quoc Vinh – Member of Vietnam Post Board of Directors said: “The CAS-Counter application system has helped CAS-Counter standardize transaction processes in all services being provided throughout the system to customers. customers, turning postal service points into smart service points, and easily defining and adding new services. Here, new service forms on the CAS-Counter ecosystem will be completed, namely CAS-Mobile and CAS- Kios. Automated transactions 24/7 will be quickly introduced and deployed widely, mobile transactions will be deployed throughout the network, with 72 thousand employees becoming 72 thousand local mobile service points. Only customers are the not-so-distant future of Vietnam Post.” Ms. Thanh Tam, teller at Thang Long Post Office, City Post Office. Hanoi shared: “Thang Long Post Office started using the CAS-Counter application from 2020. This is an application with a friendly, modern and easy-to-use interface. Any teller can operate, operate and provide services quickly. The fast and simple way of doing this helps the trader not to have to memorize a lot of information. Customers can check the information sent, received, account number, contract, freight, deposit… right at the screen system located on the counter. The service quality of the service points has been improved, bringing about customer satisfaction”.

Recently, netizens were extremely surprised when the social network appeared a series of photos of Ms. C. wearing “penetrating” pants, revealing the 3rd round clearly. Notably, she wore this outfit when going out with her son. When the photo appeared on social networks, many comments expressed criticism and condemnation of Ms. LBC Because appearing in public with offensive costumes is one thing, it is more critical to take pictures with children. Not to mention, the pose and angle taken from the back in the photo made LBC’s full round 3 quite “painful” making anyone who saw the photo “blush”. Previously, Ms. LBC had responded to criticism directed at her: “The only part of the human body that is considered sensitive and needs to be covered is the genitals. So I’ve never used anything called a bra, because I don’t think so. that breasts are organs that deserve to be freely displayed in public.” More surprisingly, Ms. LBC also revealed that the person behind taking these photos of her was her husband.

Hon Cau in May, the sea water is clear and blue, each wave is gently lapping against the sand. The southern monsoon season, which lasts from May to October, is also the breeding season for turtles. Hon Cau Marine Reserve is located on a corner of the island, standing here, you can hear the whispers of the waves, the wind and the sea caressing the white sand slopes. Ms. Luu Yen Phi is the only female employee of the Nature Reserve. Hon Cau Sea For many years, she and her brothers and sisters in the group participated in the work of the patrol team to prevent boats from fishing in the reserve. She shared: “In the breeding season, turtles will come up to lay eggs. There are 4-5 turtles on the island or up, so the brothers will divide to watch turtles to avoid people coming to catch them. Turtle eggs will be brought to the beaches. Incubate and observe. From 45 to 60 days, the baby turtles will hatch and be released into the sea.” Being a “midwife” for turtles is a job that needs a lot of love and enthusiasm. The first time from the mainland to the island, Ms. Phi was also “stunned” by the waves crashing on the side of the boat, or her skin was also darkened by the sun and wind of Hon Cau. But for a long time without going to the sea, she felt very “uncomfortable”. Because the smell of the sun, the wind, the passionate smell of Hon Cau sea has created an inseparable taste of life in her. Being a girl, participating in conservation work is somewhat more difficult. There are days when she is on duty on the island, she is alone and walking on the way from the station to the turtle spawning ground at 1 or 2 am. Where there is so much love yêu There are evenings, the whole team like “holding their breath” when following the turtle’s footsteps. The brothers waited for the turtles to lay their eggs and then brought the eggs back to the incubator. During the day, everyone will come together to clean up the trash and clean the sea. Yen Phi confided: “ Every time I go to the island, I feel happy and familiar. Those who buy rough seas, I don’t go to the island, I miss them very much. Unlike the mainland, the “house” on the island is just enough for basic living, eating and resting, not too comfortable. But it is the place to pack so many memories of my years here. The brothers also split up to cook and support each other.” The members of Hon Cau Marine Protected Area all have a lot of love for the sea and for the gentle turtles. “Here, people can live in harmony with nature. The process of caring for and taking care of turtles is also an emotional journey. Around 45 -60 days, when the turtle eggs are about to hatch, cracks will appear on the ground. . I have to gently use medical gloves to put the turtle in the basket. When it reaches adulthood, it will return to the place it was born to continue to reproduce.” Phi said more. Rescue journeys The reason why the group has to maintain the garbage collection at the beach is because there have been many cases of turtles swallowing plastic bags. When in the sea, plastic bags are shaped like strength, so turtles will choke if they eat them. Phi once witnessed turtles eat the wrong straw when pulling out a lot of blood. Or there are days when turtles get caught in fisherman’s nets and are transported to pubs, the group has to rush to “rescue”. She said: “ When I received news that turtles were being sold to pubs, I had to get there as quickly as possible to lobby them to release them. After receiving the turtle, the group will bring it back to the sea to release. For many years, people have been trying to do propaganda to people about the conservation of sea turtles.” Occasionally, the center receives cases of turtles being kept in freshwater for a long time by people. When the issue of conservation of sea turtles became known to many people, they automatically handed over the turtles. Phi shared: “I couldn’t release them into the sea, because they had lost their wild instincts and couldn’t hunt. The group had to release them into a big lake, bring salt water back to the turtles to get used to the salinity every day, and at the same time train them instincts. Depending on the case, from 3 to 6 months or 1 year, we can release them back to the sea.” Volunteers come to Hon Cau island every year There are more heartbreaking cases than when I saw a turtle eating the wrong straw, when I pulled the straw out, I lost a lot of blood. Turtles hitting explosives washed up on the beach, which were not intact or were butchered by people on boats and washed ashore. Experiencing difficulties, hardships and “suffocating” rescue journeys, but Phi and her teammates still maintain this work with enthusiasm. “In order for my children and grandchildren to know what turtles are like in the future. I don’t want them to only know “sea turtles” through books. “, she confided. Before accepting the interview with SAOStar, Phi was also embarrassed many times because “what I do is too small compared to the brothers”. However, we still believe that Phi and her silent dedication have also sketched a beautiful picture of Hon Cau sea, where a team to rescue and protect sea turtles is working day and night with all their heart. .

Illustration. https://tinhtexaydung.petrotimes.vn In a statement released alongside a major new report, the Paris-based organization said achieving the net zero emissions target “Net Zero” would require an “unprecedented transformation”. about how energy is produced, transported and used globally”. In a clear indication of the amount of work that needs to be done, the IEA report said existing commitments fell “far below what is needed to achieve net-zero global emissions by”. year 2050″. According to the IEA’s roadmap to achieve Net Zero by 2050, more than 400 “milestones” will need to be crossed. These include phasing out new fossil fuel sales by 2025 and ending sales of internal combustion engine cars by 2035. In addition, there should be no “investment in new fossil fuel supply projects, and no further final investment decisions for new coal plants”. Preliminary figures from the US Energy Information Administration show that: The share of natural gas and coal in utility-scale power generation in 2020 is 40.3% and 19.3%, respectively. . According to the IEA scenario, solar and wind photovoltaic will become the leading source of electricity for the planet before the end of the decade, accounting for nearly 70% of electricity production by 2050. According to the IEA’s roadmap, solar energy will become “the largest source of total energy on the planet” by the middle of this century. In contrast, fossil fuels will see their market share “fall from almost four-fifths of total energy supply today to more than one-fifth.” Employment in the clean energy sector will increase by 14 million people in the period to 2030, while the role in the oil and gas and coal sectors will decrease by about 5 million people. “Our roadmap shows the priority actions needed today to ensure that the opportunity for net zero emissions by 2050 is narrow but still attainable,” said Fatih Birol, CEO. of the IEA, said in a statement. “The scale and speed of the efforts required by this important and formidable goal, our best chance of tackling climate change and limiting global warming to 1.5 °C makes this perhaps the biggest challenge humanity has ever faced,” added Birol. Cutting anthropogenic carbon dioxide emissions to Net zero by 2050 is considered critical once the 1.5°C target is reached. Later this year, the COP26 summit will take place in the Scottish city of Glasgow. This is seen as a hugely important event, with many hoping it will act as a catalyst for governments to step up their climate ambitions to achieve the goals set out in the Paris Agreement. . The reality shows how challenging the IEA’s roadmap is. As energy companies are still discovering new oil fields, while in countries like the United States fossil fuels continue to play an important role in electricity generation. https://tinhtexaydung.petrotimes.vn

Mr. David Parker – Director of ESA shared with the press: “We are entering a new phase – a stage where humans are likely to explore the “eighth continent”. The Moon is a repository of archives. With the Moonlight project our mission is to take an important step towards uncovering the wonders of the Solar System, which stores 4.5 billion years of history, yet we barely understand its secrets. mystery of the universe”. Moon with “satellite constellation” that Moonlight will build, in order to turn this place into “8th continent” – Photo: ESA. The space agency did not disclose the specific cost to carry out this mission, but according to information, a number of companies from the UK, EU and Canada have offered to work with ESA to develop the Moonlight project. They will provide telecommunications and navigation services for crews and robots. The ESA said: “The combination of many agencies and organizations will facilitate the exploration of more space on the Moon. This is one of the goals of the NASA Artemis mission to return humans to the Moon in 2024.” Upon learning of this project, dozens of international, institutional and commercial groups have offered to support ESA. Many of these initiatives come from major space organizations in China, India, Japan, and Russia, along with other astronaut nations and private companies. Outline the primitive base that ESA intends to build, which will start a large city in the future – Photo: ESA. These helpers saw benefits from being involved in the project as: Radio astronomers could set up observatories on the far side of the Moon, with the understanding that the signal would move relay information back to Earth easily and quickly. Commercial agencies could develop supporting new services and products, such as virtual reality games in which players control Moon robots. It is possible to name a number of agencies and organizations that propose to participate in the Moonlight project such as: British company Surrey Satellite Technology (SST) will participate in Moonlight and act as a service provider and producer. satellite output. “Our partnership with ESA will provide the world’s first lunar data relay service,” said SST CEO Phil Brownnett. Or London-based Inmarsat and MDA Space and Robotics Ltd (MDA UK), based at the Harwell Science and Innovation Facility in Oxfordshire, both leading the exploration of ideas. They will work on the development of the Lunar Navigation and Communication Service (LCNS) to support future scientific, exploration and commercial activities on the lunar surface. Yasrine Ibnyahya, Senior Director at Inmarsat said: “I am confident that the expertise and assets from Inmarsat can solve problems in the most efficient and cost-effective way. The Moonlight project is the first step to open up future opportunities, it can facilitate human exploration of space, develop technology and can be the basis for access to new resources. “.

Illustration. Source: CNN With a maximum speed of 350km/h, China’s high-speed railway will meet the needs of many intercity travel routes, creating favorable travel conditions for passengers. As of 2020, 75% of Chinese cities already have high-speed rail. Symbol of economic power quyền China’s ambition is to turn high-speed rail into a model for long-distance travel in the country. However, the birth of the country’s current massive rail network takes on much greater significance. Like Japan’s Shinkansen in the 1960s, China’s high-speed rail network is being viewed as a symbol of economic power, rapid modernization, growing technological prowess, and prosperity. prosperity of the country. Currently, high-speed rail is a powerful instrument of social cohesion, political influence and regional integration between cultures. “The construction of new railway lines is part of President Xi Jinping’s grand plan to promote integration into the vast national market,” said Dr. SOAS) of the University of London said. This move shows that China is repeating the history of promoting high-speed rail networks, before many early railway lines in North America and Europe have done so. The development of railway networks in Russia, France, Great Britain and several other countries has been strongly influenced by political and military needs. “China has created a high-speed rail network on an unprecedented scale in history, which is forecast to be faster and certainly more reliable than China’s domestic flights. New stations and incredible travel routes are the highlight of this program. All tickets must be booked in advance and passengers only need to scan their ID card or passport at the ticket gates,” the travel expert said. railroad Mark Smith emphasized. China initially thought of choosing high-speed technology imported from Europe and Japan to establish a high-speed rail network. “Global railway engineering giants” such as Bombardier, Alstom and Mitsubishi are all keen to promote the cooperation program because of the potential size of the new market and the ambitious plan that China is targeting through the project. this. However, over the past decade, China’s domestic companies have developed into world leaders in high-speed train technology and engineering. Therefore, the mobilization of the available potential is considered a certain success of China in this field. The enormous scale and dramatic changes in topography, geology and climate posed many challenges during the implementation of this project. From Harbin to the Lanzhou-Urumqi route across the Gobi desert, Chinese engineers had to spend a lot of effort to be able to design suitable weather terrain to meet quality standards for the road route. iron across. High-tech simulation efficiency Chinese companies are among the world leaders in introducing new technology such as autonomous (unmanned) train operations and advanced navigation technology. Passengers board the high-speed train. Photo: CNN An unmanned high-speed train connecting Beijing and Zhangjiakou in northern Hebei province capable of reaching speeds of up to 350km/h is now becoming the world’s fastest autonomous train. The new route opened in December 2019 as part of preparations for the Beijing 2022 Winter Olympic and Paralympic Games. The fastest trains complete the journey in just 45 minutes. Built in four years, the route includes 10 stations serving two of the major Winter Olympics venues, along with several other stations in Badaling Changcheng allowing tourists to have a journey to their destination. The fastest Great Wall of China. Passenger cars on the self-propelled train have been expanded to store winter sports equipment, seats with 5G touch screen control panels, smart lighting systems, thousands of safety sensors and seats removable for wheelchair passengers… As China seeks to expand its influence across Asia, into Europe and Africa through its ambitious “Belt and Road Initiative”, the construction of a high-speed rail network is under way, according to CNN. contribute a fundamental part to create the “Silk Road” that Beijing is aiming for. “China’s high-speed rail industry has become one of the nation’s main economic pillars, and the high-speed rail network has brought convenience to passengers during travel,” said Jianwei. Zhang, President and Country Representative of Bombardier China said.

The US has opened an investigation into this cyber attack. Ransomware is a type of malware designed to lock down a system by encrypting data and demanding a ransom from the victim to regain access. Colonial Pipeline asked a cybersecurity company to coordinate with federal law enforcement agencies to investigate this cyberattack. President Joe Biden was briefed on the incident. The White House said Washington will work to help the Colonial Pipeline resume the interrupted fuel supply. This is considered the largest cyber attack on the US energy system Colonial Pipeline is providing nearly half of the fuel for the US east coast. This is considered one of the largest ransomware attacks ever recorded against US energy infrastructure. The shutdown of the largest fuel pipeline network in the United States will cause the price of this item and related products to spike. Colonial Pipeline transports 2.5 million barrels of gasoline and other fuels per day through 8,850 kilometers of pipeline connecting Gulf Coast refineries to the eastern and southern United States. The company also supplies fuel to several major US airports, including Hartsfield Jackson Airport in Atlanta, which has the world’s largest passenger traffic.

A Colonia Pipeline fuel station. Photo: Getty Images The US Department of Transportation’s guidance notice emphasizes that this decision is in response to emergency conditions, stemming from the need for immediate transportation of fuel items, to relieve problems related to supply scarcity. Colonial Pipeline on May 9 also said that many of the company’s main operating pipelines are still closed, but some small lines connecting the supply station and distribution point have returned to normal operation. On May 7, Colonial Pipeline was hacked with ransomware, a type of code that locks systems by encrypting data and demands a ransom to restore access. The attack caused Colonia Pipeline to shut down the entire pipeline network. Colonial Pipeline transports gasoline, diesel, jet fuel and other refined products from the Gulf of Texas to the densely populated East Coast of the United States through an 8,850-kilometer pipeline, serving 50 million customers. In areas affected by supply disruptions, fuel demand increased by 4% on May 8, prices also increased by more than 4.2%. The attack caused concern among US consumers about the scarcity of gasoline supplies if the problem is not fixed in time.

The attack was one of the most disruptive digital ransom schemes reported, prompting US lawmakers to call for increased protection of America’s critical energy infrastructure from hackers. Commerce Secretary Gina Raimondo said pipeline repairs were a priority for the Biden administration and Washington was working to avoid more severe fuel supply disruptions by helping Colonial restart the road network. The tube is more than 5,500 miles (8,850 km) long. “Right now it’s an all-in-one effort,” Raimondo said on CBS’s “Face the Nation.” “We are working closely with company, state and local officials to ensure they return to normal operations as quickly as possible and without disruption to supplies,” Colonial said. The pipeline network was attacked – Photo: Reuters Their main fuel lines are still offline, but some of the smaller routes between the terminals and delivery points are now up and running. Neither Raimondo nor the company has given an estimate of a full reboot date. U.S. gasoline futures rose more than 3% to $2,217 a gallon, the highest since May 2018 as trading opened for the week and market participants reacted to pipeline closures. Colonial ships about 2.5 million barrels per day of gasoline and other fuels from refineries on the Gulf Coast to consumers. Its extensive pipeline network serves major US airports including Atlanta’s Hartsfield Jackson Airport, the world’s busiest airport by passenger traffic. A spokeswoman for Charlotte Douglas International Airport said the airport had supplies on hand and was “monitoring the situation closely”. Retail fuel experts including the American Automobile Association say outages lasting several days could have a significant impact on fuel supplies in the region, particularly in the southeastern US. Colonial Pipeline’s fuel tanks – Photo: Reuters While the US government investigation is in its early stages, a former official and three industry sources said the suspected hackers were a professional cybercrime group called DarkSide. DarkSide is one of many gangs that often use malware to extort victims. These groups gain access to private networks, encrypt files with software, and often steal data. They ask for money to decrypt the files and ask for more money to not publish the stolen content. During the Colonial attack, the hackers stole more than 100 gigabytes of data.

Colonial Pipeline had to shut down the entire network after a cyber attack. Photo: wsj.com The administration of President Joe Biden said it was making every effort to restore the company’s operations and avoid disruption to supply. Experts say gas prices will not be affected if the company resumes normal operations in the next few days. However, this cyberattack, rated as the worst ever for the US infrastructure system, should be a warning bell for other companies about the risk they will become the next target of similar attacks. According to Colonial Pipeline, the company’s pipeline carries gasoline and other fuels from Texas to the Northeast, providing nearly 45 percent of the fuel for the East Coast of the United States. Although Colonial Pipeline has not revealed who is responsible for the cyber attack, an unnamed person on the team investigating the incident confirmed that the culprit was a hacker group nicknamed Darkside. This group has been spreading ransomware since August 2020 and is classified as one of the most attackable groups. Over the past 3 years, Darkside has become more and more professional and has caused Western countries tens of billions of dollars in losses. Ransomware attacks are malicious code designed to lock down computer systems using encrypted data and demand a ransom to restore access. US Commerce Secretary Gina Raimondo on May 9 warned US businesses to be wary of ransomware attacks. The female minister affirmed that she would work closely with the Department of Homeland Security to handle the issue, considering this a top priority of the government. Reuters news agency, citing a notice from the White House, said the administration was working to help Colonial Pipeline company resume operations to avoid supply disruptions. According to sources, before activating ransomware, hackers often steal data, which is used to blackmail businesses or distort the truth. Sometimes stolen data is more valuable to hackers than the benefit they get by disrupting business operations. Security experts say the attack is a warning to operators and managers of essential infrastructure in the US such as electricity, water, energy and transportation facilities that have long been built. do not update the method to ensure security against the risk of being attacked. Mr. David Kennedy, a senior security consultant and founder of the security consulting firm TrustedSec, admitted that ransomware attacks have spiraled out of control in the US and are currently under development. is one of the greatest threats facing the United States. However, most American companies lack the ability to prepare for such threats.

During the 2009 DICE conference in Las Vegas on the development of the video game market, a representative of the market research department of the NPD group said that in the year 200, 6 million new customers have joined the game. and the percentage of online gamers also increased by 2%. These figures have stoked concerns about video game addiction. Especially in 2005, a young Korean man passed away after playing Starcraft for a long time. The guy in the above story was 28 years old then, and played continuously for 50 hours at a net cafe in Taegu. He only took a very short time to sleep and go to the bathroom. Police believe that the cause of death was a heart attack after being too tired. Died of bile This case is not just one person, but 21 people with the same cause. On a warm, sunny day in January 1919 in Boston, USA, a large dump truck exploded in a residential area at the north end of the city. The car is 15.2 meters high with a diameter of 27.4 meters located near a residential area mainly Italian immigrants. It is not clear what caused the car to explode and send debris up to 61 meters away. Illustration. The explosion sent a large 7.6-meter-high wall of bile flowing toward the residential area at a speed of 56.3 km/h and entangled residents in a thick layer of brown liquid. It took a few months to clean it all up, costing almost a million dollars in the six years after the explosion. And by 2009, the number was more than 12 million dollars. People here said they still smell molasses on hot summer days. Died by the famous Hollywood sign Hollywood has broken many famous dreams over the years. Among them, the saddest must be the case of Peg Entwistle, a young actress from Wales. Before coming to this luxuriant land, she had achieved some minor successes in her acting career and even landed a role on Broadway in New York. However, like many others, she was attracted by the light of Hollywood in the heart of Los Angeles. After a while of trying, Peg Entwistle was cast in the movie “Thirteen Women”, but most of her scenes were cut from the film. On September 16, 1932, Peg Entwistle climbed aboard the famous Hollywood sign, left his personal belongings with a letter, and jumped down to commit suicide. Her body was discovered 2 days later. The content of her letter was simply: “I’m scared, I’m just a coward. Sorry for everything. If I had done this earlier, I probably wouldn’t have suffered this much pain. PE”. Coincidentally, after her sudden death, Peg Entwistle received a letter inviting her to play the role of a woman on the verge of suicide. Died of junk Langley and Homer Collyer moved to the Harlem neighborhood of New York in 1909 when they were in their 20s. As sons in an upper-class family, the two brothers lived in seclusion and hoarded things. It is estimated that there are 180 tons of discarded items including everything from broken cribs, broken pianos, etc. in every corner of their apartment. Homer went blind in the 1930s and was bedridden with rheumatism. The younger brother took care of his brother and kept hundreds of thousands of newspapers in case the older brother could see them again. The house was again set up in traps so that others could not enter, and Langley himself was trapped and buried in a pile of junk. Homer could do nothing but slowly die with his brother. Police spent weeks searching for Langley throughout Manhattan before finding him dead in his own apartment. Died from an unidentified object What caused the deaths of 9 climbers in the Ural Mountains in Russia on February 2, 1959 is still a mystery. On January 28, 10 students of Ural Polytechnic Institute went to winter climbing together, but one of them fell ill and had to stay at the mountain house. The remaining 9 people have never come out of the forest, and the things the investigators find are very scary and confusing. Their tent was found torn from the inside, half submerged in snow with the youth’s belongings and shoes. The first two bodies were discovered on the edge of the forest, barefoot and wearing only underwear. The next three corpses were in a similar condition. Two months later, the remaining bodies were also found buried in the snow, 75 meters away from the first victim. There were four students with serious internal injuries, broken ribs and a skull fracture. One of them, lost his tongue. The strange thing is that there were no signs of struggle or external wounds. The last four victims were dressed in other people’s clothes and had high levels of radiation. Theories put forward are avalanche, alien attack and military experiment. This incident was not closed until 1990, when other climbers at the same time reported seeing orange balls in the sky that night. This and the level of radiation on the victims led people to believe that the deaths of the victims were caused by the secret army, although the Russian government did not announce anything.

Illustration. The breach at Alpharetta, Georgia-based Colonial Pipeline is the latest in a series of cybersecurity incidents confronting the administration of President Joe Biden – as well as a striking reminder that many companies Operators of the nation’s most basic infrastructure, from dams to power plants, are still unprepared to deal with the threats posed by toxic numbers. Here’s a summary of how a criminal gang managed to get into Colonial’s systems and why the tool they use – ransomware – is such a persistent threat. How can a hacker shut down a pipeline? On May 7, Colonial Pipeline said it learned that hackers had infected their computer networks with ransomware, malicious code used to take control of computers and extract payments from victims. The breach affected Colonial’s business network, which it uses for tasks like payroll management and data reporting to regulators. Colonial disabled those systems, but it also turned off the much more sensitive technology running its pipeline operations — a precaution meant to prevent hackers from accessing it if they hadn’t already. These systems monitor air flow for impurities and leaks, control power levels, and perform other automated tasks to keep pipelines running smoothly. What exactly was closed? Colonial shut down its entire main pipeline, more than 5,500 miles long from Houston, Texas, to Linden, New Jersey. The pipeline transports 45% of gasoline, jet fuel and diesel to the US East Coast, according to the company. The short-lived outage sent wholesale gas prices up on financial markets in the affected region, but that rally cooled slightly during trading on May 10. And while some gasoline retailers may try to add a few cents a gallon to the price at the pump, there have been no reports of shortages at suppliers serving those retail points. Market analysts say the pipeline shutdown will need to last through at least the middle of the week to start affecting supply in some parts of the Southeast, and Houston’s refineries won’t start. reduce production unless Colonial shuts down until next week. Overall, the US is stockpiling 235 million barrels of gasoline, enough to supply the whole country for nearly a month. However, retail gasoline prices have risen steadily in recent weeks and any anxiety could accelerate gains as the country approaches Memorial Day weekend, which the industry considers is the beginning of the “summer driving season” in high demand. How bad could this be? It depends on whether the outage turns into a protracted crisis for Colonial’s customers, which include busy airports and US military bases. Some customers can buy fuel from foreign suppliers, but they will face more financial pressure as Colonial’s pipeline network remains offline. Colonial said on May 10 that it has begun reactivating segments of the pipeline and anticipates “significantly restoring operational service by the end of the week”. However, they did not explain what “basically” means and did provide some other details about the attack investigation. What is Ransomware? Ransomware is software that hackers deploy to lock down victims’ data so they can’t access or use it – in the worst case scenario, essentially shutting down an entire company or government office. The hacker then demands a ransom in exchange for providing a digital key to unlock the files. Over the past few years, ransomware has grown from an occasional nuisance to a ubiquitous threat. Victims include the hospital system, the school district and the DC police department, as well as many small businesses. According to the FBI report, ransomware attacks increased by 37% from 2018-2019 and 20% from 2019-2020. According to one report, the pandemic has led to a significant increase in ransomware, with the number of attacks Attacks more than doubled year-on-year, with a particularly large increase in the healthcare sector. The Department of Justice recently launched a task force to explore new solutions to the problem. But in the meantime, the problem continues to get worse as criminal motives grow. Why aren’t pipelines and power plants better protected against ransomware? The private companies that operate much of America’s critical infrastructure — power plants, dams, natural gas pipelines, and other critical facilities — often neglect to implement safety protocols. government-recommended cybersecurity. While protecting against foreign government hackers sometimes requires complex technology that small critical infrastructure operators cannot afford, protecting against ransomware is are not. Use strong passwords, train employees not to click on suspicious links, and require employees to use multi-factor authentication – which involves entering a randomly generated number after entering one’s password – can prevent all but the most advanced types of hacks, including ransomware. Despite years of warnings from government officials and cybersecurity experts, most companies outside of the highly regulated financial sector have not taken many of these steps. And even organizations that try to take cybersecurity seriously can be covered by small holes. A long-neglected office worker or old computer in a closet is often the weak link that opens an organization’s doors to hackers. With so many companies leaving themselves with easy targets, many cybercriminals have started using ransomware to make money. By choosing victims they know there can be no downtime, these criminals virtually guarantee themselves an easy profit. Additionally, many ransomware operators have begun exploiting a secondary source of profit: reselling stolen data on the dark web, where sensitive personal information can fetch huge sums. Between victims and hackers is a burgeoning crypto ecosystem, consisting of unscrupulous payment facilitators ready to handle ransom transactions and rock wall law enforcement. How often do victims pay the ransom? The US government discourages ransomware victims from paying attackers to regain access to their data. While some ransomware operators honor their agreements and unlock victims’ files to foster trust and increase their chances of receiving a future ransom, many of these criminals simply take the money and disappear. Paying the ransom also encourages cybercriminals to continue their attacks. Anne Neuberger, deputy national security adviser for cyber and emerging technologies, said: “We recognize that victims of cyberattacks often face very difficult situations and they must balance the cost-benefit when there is no other option about paying the ransom,” – told reporters on May 10 In the US, it is not illegal to pay a ransom to regain access to locked data. However, it is illegal to pay ransoms to entities on the Treasury’s sanctions list, and the Treasury Department has warned companies that assist ransomware victims to conduct due diligence on hackers. before making payment arrangements. DarkSide, what is the group behind the attack? The FBI has confirmed that the Colonial Pipeline hack was the work of the DarkSide ransomware gang. This group is a relatively newcomer to the ransomware ecosystem, but they are already well known for their professionalism, patience, and large ransom demand. Security firm Cybereason wrote in a report last month: “The team has a phone number and even a help desk to facilitate negotiations with the victim, and they are putting a lot of effort into gathering information. about their victims – not just technical information about their environment, but more general information about the company itself, like the size of the organization and estimated revenue.” DarkSide is based in Russia, but so far the US has said it does not believe the hackers acted on behalf of the government of Russian President Vladimir Putin. Mr. Biden said on the afternoon of May 10: “To date, there is no evidence … from our intelligence people that Russia is involved. However, he added: “There is evidence that the actor’s ransomware is in Russia. They have some responsibility to deal with this.” Like other ransomware gangs, DarkSide operates on a so-called “ransomware-as-a-service” model, in which it provides code to less sophisticated hackers and helps them carry out attacks enter in exchange for their share of the profits. After being closely watched by the Colonial Pipeline attack, DarkSide seems to be rethinking this model. On May 10, a purported statement from the DarkSide hackers announced the group’s intention to scrutinize the partners’ planned attacks in the future to “avoid social consequences.” festival”. “Our goal is to make money, and not create problems for society.” What is the US government doing with this attack? The White House has established a working group that includes the Department of Homeland Security’s Cybersecurity and Infrastructure Agency; The Department of Transport’s Pipeline and Hazardous Materials Safety Administration; FBI; and the Departments of Energy, Treasury and Defense. These agencies are working together to prepare for various scenarios should the pipeline remain shut, including planning for shortages and higher gas prices. In addition, the Department of Transportation waives regulations that limit the driving time without rest of fuel trucks in 17 states and Washington DC. That could make it easier to deliver to customers due to Colonial’s closure.

Germany will focus on developing the first quantum computer and related technologies. Illustration: Reuters The German Science Ministry will spend 1.1 billion euros until 2025 to support research and development of quantum computers, while the Economy Ministry will spend 878 million euros to support practical applications. The German Aerospace Center will receive about 740 million euros to work with industrial companies, medium-sized enterprises and start-ups to create two business complexes. According to Economy Minister Peter Altmaier, quantum computers have the potential to revolutionize key industrial sectors of the economy. He pointed out that applications are in areas such as improving the quality of energy supply and demand management, improving traffic control and promoting the testing of new active ingredients. Mr. Altmaier said Germany’s goal is to become one of the leading countries in the development and application of quantum computers. Meanwhile, Science Minister Anja Karliczek said the government’s goal is to develop a competitive quantum computer within five years and create a network of companies in the field to develop. outstanding applications.

Classic high-heel designed extra detail at the ankle help women stand out. Jimmy Choo’s Sandal Sae has a simple shape, suitable for both office environments and fun activities. Image: net a porter. Summer is the time when women prefer shoes with a cool texture but not monotonous. Flacko sandals are embellished with slender chains at the ankle in many sizes, ensuring a perfect fit for girls. Photo: popsugar, @aminamuaddi. For those who want to catch the trend mesh Simply put, Miista’s Stephanie sandal is the right choice. This shoe is available in a variety of colors with an adjustable heel for a good wearing experience. You can pair it with jeans or a mini skirt to create a longer leg effect. Image: miiista. Mesh designs are popular in summer 2021. Many brands have added details such as ankle straps and chains around the ankle to set them apart. With these shoe models, combine low-textured outfits to avoid confusion. Photo: ekseption, neiman marcus. Couples square sole shoes It has the effect of lengthening the legs and creating a slim figure for women. This trend gives fashionistas summer comfort, suitable for all ages and styles. Image: attico, levelshoes, fashion, mytheresa. For footwear, trends raw sole sandals The boom since 2019 has not shown any signs of cooling down. This shoe model is designed with a simple shape, is highly applicable and is a favorite accessory of many fashionistas around the world. You can pair it with a t-shirt, wide leg pants or a long skirt for an extra dynamic look. Image: @jw_anderson, net a porter. Simon Miller recreated the pair flip-flop sandals from previous collections for the summer of 2021. The padded strap design and rich colors give women more choices. In addition, the low heel certainly creates a sense of security for the user. Image: simon miller, garmentory. Cage Sandals Inspired by men’s shoes but cleverly modified for women. This shoe is usually made of leather with knitted straps, suitable for both rainy and sunny days. This is the right design for girls who want to change to an active but still trendy style. Image: @monikh, net a porter. The 3 most influential shoes of the decade The Hypebeast page lists impressive sneakers from 2010-2020.

Located in a prime location after the dormitory area A, VNU HCMC, Yes cafe attracts many students who come here to study, rest and especially to complete. deadline . The shop is designed with tone The main colors are white and yellow along with rustic decorative motifs with many photogenic corners, capturing any corner that “eats” right there. Photo: Yes Cafe Along with the rustic space, the lighting system with light yellow light easily creates a very cozy feeling for anyone entering the shop. The light of the lamp is also just enough for you to read and work even during the day or late at night. Photo: Yes Cafe Photo: Yes Cafe Photo: Yes Cafe If you do not like this closed room with classic, rustic colors, the shop also has an outdoor area with lots of trees and a glass room with view looking straight out with natural light coming in. The food is quite diverse, the price is very student, especially the shop has many addictive cakes. The shop is open 24/7, so you don’t need to worry about the operating time of the shop, if you spend the night here, you will have to pay a surcharge for the shop with a very cheap price. On Coffee & Net – Cool exam study paradise The shop is designed with a lot of open space with many trees and aquariums, making you feel like you are lost in a beautiful small garden in the heart of the city. Photo: On Coffee & Net In addition to the garden area, the area inside the restaurant will make you overwhelmed by the huge configuration computers, wide screens and space. decor modern. The interior area is decorated with brick walls and many unique motifs combined with pale yellow lights to create a feeling of closeness. Photo: On Coffee & Net Photo: On Coffee & Net Photo: On Coffee & Net Photo: On Coffee & Net The shop regularly organizes many healthy E-Sport tournaments for students from universities in the university village to exchange on weekends with many attractive prizes. The restaurant’s food and drink is not as diverse as many other cafes, but the dishes that are popular with students are still available, the shop also serves lunch and many snacks at a comfortable price. .

The Colonia company had to shut down the fuel pipeline after a cyber attack. Photo: AP. Leading American fuel pipeline company Colonial shut down its entire network that supplies nearly half of the fuel to the US East Coast, following a May 8 ransomware ransomware attack. Every day, the Colonial company ships 2.5 million barrels of gasoline, diesel, jet fuel and other products through a 850-kilometer pipeline connecting the eastern and southern coasts of the United States. The company has shut down systems to stop the threat after learning about the attack. According to sources, hackers are most likely a highly professional cybercrime group. And the malware used in the attack is ransomware. Ransomware is a type of malware designed to lock systems by encrypting data and taps money to regain access. This malware has become popular in the past 5 years. The Colonial Company has invited a third-party cybersecurity company to conduct an investigation and contacted law enforcement and other federal agencies to initiate an investigation. Colonial provided no further details or said how long their fuel lines would be closed. “Cyber ​​vulnerabilities have become a systemic issue,” said Ms. Algirde Pipikaite, Head of Network Strategies at the World Economic Forum’s Cyber ​​Security Center. Without measures to protect cybersecurity, attacks are occurring more often on industrial systems such as oil and gas pipelines or water treatment plants. In 2017, Colonial shut down its gas distillation and production lines during Hurricane Harvey that hit the Gulf Coast. That contributes to tight supply and price increases in gasoline in the US.

Colonial Pipeline America’s largest fuel pipeline system was attacked by network, has not yet assessed the damage. (Source: Freightwaves) To deal with the incident, the company had to close the entire network. Colonial Pipeline said the attack “suspended all pipeline operations and affected some of our IT systems”. Sources in cybersecurity revealed that the malware used in the Colonial Pipeline attack was ransomware – a type of malware designed to block systems with how to encrypt data and request a ransom payment to restore access. The Colonial transports gasoline, diesel, jet fuel and other refined products from the Gulf of Texas to the populous US East Coast via a 8,850 km pipeline, serving 50 million customers. Oil analyst Andy Lipow said that the impact of the attack on supply and fuel prices will depend on how long the pipeline is down. If the line stops working for a day or two, the impact will be minor. However, if the pipeline is forced to shut down for 5 or 6, shortages or price increases will occur, especially in the area stretching from Alabama to Washington DC. (According to AFP, Reuters)

Co9P includes technology service providers related to Industry 4.0 (revolution 4.0) and related ecosystem companies, and facilitates collaborative networks to develop technology, services and solutions of the local revolution 4.0. Speaking to the press after signing the Memorandum of Understanding (MoU) on April 20, MTDC CEO Norhalim Yunus said that the partnership will attract many people to participate in training and seminars. and drones and Internet of Things (IoT) seminars. The SGA has funded 100,000 ringgit ($ 24,300) to develop its expertise in the drone sector. MoU identifies cooperation in the areas of capacity building, training, technology development and activities such as the provision of technology services related to the 4.0 revolution, with majors in non-technology equipment. drivers and IoT./.

Edit｜ Zhang Yating

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

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

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

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

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

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

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

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

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

Luoyang Longmen Mountain, 303.5 meters above sea level, has two peaks facing each other in the east and west. The Yi River flows slowly to the north, and the natural scenery is very beautiful. However, according to legend, in ancient times, Longmen Mountain was a connected whole. Because the Yishui River was blocked on the south side of the mountain, flooding was often caused. So Dayu sculpted Longmen Mountain during water control and divided it into east and west halves, allowing the water to flow out to the north. Since then, the “Longmen Mountain” has been hailed as the first of the eight scenic spots in Luoyang. The Longmen Mountain that Dayu excavated back then is where the Longmen Grottoes are now. According to records, the Longmen Grottoes began to be carved when Emperor Xiaowen of the Northern Wei Dynasty moved to Luoyang. In the 16th year of Taihe in the Northern Wei Dynasty (493), Emperor Xiaowen ordered the construction of a grotto on the Longmen Mountain. After more than 1,400 years of construction in more than 10 dynasties such as Eastern Wei, Western Wei, Northern Qi, Sui, Tang, Five Dynasties, Song, etc., it became the longest-built grotto in the world. According to statistics, there are 2,345 existing cave niches, more than 100,000 statues, and more than 2,800 inscriptions on steles. They are a collection of sculptures, architecture, calligraphy, costumes, literature, religion and many other art forms. They are the world’s largest statues and largest scale. The treasure house of stone carving art, together with Dunhuang Mogao Grottoes, Datong Yungang Grottoes, Tianshui Maijishan Grottoes, are called “China’s Four Great Grottoes”, and it ranks first among all the major caves in China. These more than 100,000 statues and inscriptions on the steles are densely distributed like honeycombs on the 1km-long Longmen Mountain and Xiangshan rock walls on both sides of the Yishui River. The largest one is 17.14 meters high and the smallest is only 2 cm. For more than a thousand years, although the grottoes have been damaged to varying degrees due to natural wind erosion and man-made destruction, their lifelike and ingenious carvings have been admired to this day, and are hailed as the pinnacle of Chinese stone carving art. It is worth mentioning that the Longmen Grottoes are also the only royal grottoes in the world. Most of its statues are built by royal nobles. Among them, the Lucena Buddha carved by Wu Zetian according to his appearance is the most famous. This Buddha statue is 17.14 meters high, with a plump and round face, serene and majestic, and its image is admired by many Buddhist believers at home and abroad. It is known as the “most beautiful Buddha in China”. The Three Caves of Binyang, excavated in the Northern Wei Dynasty (500 AD), were built by Emperor Xuanwu of the Northern Wei Dynasty for his parents, Emperor Xiaowen and Empress Dowager Wen Zhao. The “Scissor Hand” Buddha statue that is popular on the Internet is located in Binyang North Cave among the three holes. This statue of about 10 meters high is called “the cutest Buddha in history” because of the broken right thumb, just like the cute “scissors hand”. . The Ten Thousand Buddhas Cave, completed in the first year of Tang Yonglong (AD 680), is the most complete cave in the Longmen Grottoes. On the wall outside the cave is a statue of Avalokitesvara with a height of 85 cm. The left hand holds the bottle clean and the right hand raises the dust. The posture is natural and graceful. It is said that the artist Mei Lanfang spent two hours here when he wrote and acted the Peking Opera “Luo Shen”, and then he was suddenly enlightened and the performance was a great success. It is said that the lotus roof of the Great Hall of the People in Beijing was designed based on the lotus relief in the lotus cave of the Longmen Grottoes. However, it is regrettable that a large number of exquisite statues in the Longmen Grottoes were insanely robbed and vandalized in the 1930s and 1940s. Some are stored in overseas museums, and some are still missing. This is not just the Chinese nation’s whereabouts. The pain is the shortcoming of human civilization.

Prior to this, Liu Qingfeng, chairman of iFLYTEK, said in a speech at the “Sixth China Manufacturing Power Forum” that artificial intelligence will begin to replace existing jobs in a large amount in the next 5-10 years, and machines are playing a role in more and more fields. Has been recognized by the industry and the general public.

For example, in medical care, iFlytek’s intelligent medical assistant based on artificial intelligence technology has passed the national medical qualification examination. According to the data given during the two sessions this year, there are only 300,000 doctors with general practice qualifications in my country, and there are probably more than 3 million doctors with qualification certificates. After the wise medical assistant passes the exam, he can become a general practitioner’s assistant.

Up to now, HKUST Xunfei Smart Medical Assistant has provided a total of 170 million diagnosis and treatment services, covering more than 200 counties and districts across the country, increasing the basic diagnosis and treatment capacity to more than 90%. The most important of these is that intelligent medical assistants can automatically detect major infectious diseases and dangerous diseases, including 40 legal infectious diseases and 15 key diseases. Machines can automatically carry out investigations on the front line, and can be detected by human doctors. The alarm starts automatically.

Benefit from the advantages of artificial intelligence in the medical field. In 2020, HKUST Fei’s smart medical business revenue was 313 million yuan, an increase of 69.25% year-on-year, and this increase, in 2021 and beyond, will follow the country’s intelligent prevention and control of infectious disease discovery systems and intelligentization. The great importance of universal medical care has seen a higher rise.

In addition, another field that can be directly felt by ordinary people and achieved excellent results in artificial intelligence is wisdom education.

Up to now, the iFLYTEK Smart Education System has been widely used in 31 provinces and cities across the country, serving more than 38,000 schools across the country, benefiting more than 100 million teachers and students.

It is understood that the use of the iFLYTEK Education System of HKUST can reduce students’ invalid exercises by more than 49%, teacher preparation time is reduced by an average of 53%, homework correction time is reduced by an average of 42%, and classroom efficiency is improved by at least 30%; using big data for “precision” After the teaching, the number of questions for students in Hefei No. 6 High School Mathematics has been reduced from 60 questions per week to 20 questions, the time to master knowledge points has been shortened by about 30%, and the repetitive error rate has been reduced by about 16%. By correcting the questions and doing well, the mathematics scores of all-level students increased by about 12% month-on-month.

In 2020, iFLYTEK’s smart education business revenue was 4.019 billion yuan, a year-on-year increase of 70.68%, accounting for 30.86% of operating income.

At the same time, the financial report shows that in 2020, other businesses of HKUST will also develop steadily, with a considerable growth rate. Among them, the open platform was 1.921 billion yuan, a year-on-year increase of 66.42%, and its proportion in operating revenue increased from 11.45% last year to 14.57%.

It is precisely because of the increasing role of artificial intelligence in various fields that Liu Qingfeng believes that in some typical industries, artificial intelligence will largely replace existing jobs in the next 5-10 years. The development of artificial intelligence will also shift from empowering products to empowering enterprises to transform and upgrade.

According to Liu Qingfeng, the digital transformation of enterprises can be roughly divided into three levels:

The first is networking, which mainly solves early tasks such as remote network office, remote control, and corporate Internet publicity.

The second is digitization. After a large amount of data is gathered in the background, unified modeling can be carried out, which can provide more help to enterprises in manufacturing and business decision-making.

The third is to further improve the production efficiency and operating capabilities of the structured data through the deep learning of artificial intelligence, so that the enterprise can reach a new level.

In the first quarter of 2021, Viglacera reported a profit after tax of 279.5 billion VND, up 65% over the same period (Source: Internet) Viglacera Corporation (Viglacera – Ticker: VGC) has just announced its Q1 / 2021 financial statement. Accordingly, the company recorded net revenue for the period of VND 2,358 billion, a slight decrease of 0.6% compared to the same period last year. However, the cost of goods sold decreased sharply, at 8.6%, down to 1,681 billion dong. L Therefore, Viglacera reported a gross profit of 677 billion VND, up 27% compared to Q1 / 2020. In the first 3 months of the year, revenue from financial activities of Viglacera reached 4.9 billion VND, down more than 66% compared to the same period last year, while the cost of this activity was still flat at 46 billion VND. Selling expenses decreased slightly by 5% to 149.5 billion, while administrative expenses increased 28% to over 151 billion. Profits from joint ventures and associates of Viglacera reached more than 16.8 billion, up 5.8 times compared to Q1 / 2020; Loss from other activities also decreased by more than 55%, to VND3.8 billion. As a result, Viglacera’s profit before tax in Q1 / 2021 reached VND 347.7 billion, up 58% over the same period and completed 34.7% of the year plan. After tax, Viglacera reported a net profit of 279.5 billion VND, up 65% over the same period, of which profit attributable to the parent company was 277 billion VND, up 182% over the same period in 2020. In 2021, Viglacera sets a target of a total revenue of 12,000 billion VND, an increase of 27% compared to 2020; Profit before tax is expected to reach VND 1,000 billion, an increase of 19% compared to the previous year. In terms of investment activities, in 2021 Viglacera plans to spend VND 2,400 billion on investment in technical infrastructure and services in industrial zones (IZs); VND 375 billion for the housing business and VND 25 billion for materials, research and development, and training. In which, the company plans to deploy, prepare to invest in new projects such as: Viglacera Eurotile brick factory, with a capacity of 9 million m2 / year in Ba Ria – Vung Tau; Thuan Thanh I Industrial Park is 249.75 hectares in Bac Ninh; worker housing project in Dong Mai Industrial Park, Tien Hai Industrial Park, social housing area in Tien Duong – Dong An. In addition, Viglacera also researches and develops industrial zones, including: Doc White Stone Industrial Park in Van Phong Economic Zone – Khanh Hoa (288 ha, expected to be invested by Yen My Industrial Park Joint Stock Company); industrial zones in Hue such as La Son Industrial Park, expanded Phong Dien Industrial Park (about 160 ha). Since April 6, 2021, Viglacera officially became a subsidiary of Vietnam Electrical Equipment Corporation (Gelex – Ticker: GEX). Accordingly, Viglacera’s business results will be consolidated into the parent company from the beginning of Q2 / 2021. /.

Here is the first domestic networked peak shaving “one network” heating system integrating heat and power, clean and high-efficiency pulverized coal boilers, gas boilers, geothermal, air sources and other heat sources, realizing 100% clean heating and multiple heat sources Complementary protection. In this large network that maintains the “temperature” of the city, smart technology has been applied to all aspects of the system.

“In the traditional heating system, the boiler in the heating station can only supply the water to the limited area around it. Under the’one network’ system, the heating stations are effectively connected in series, and a station appears. The failure will be immediately repaired by other sites. If the traditional heating system is a single cycle of human blood, then’one network’ can realize the mutual blood transfusion between people.” During the interview, Tianjin Energy Group Heating Dispatching Liu Huanzhi, deputy director of the customer service center, told reporters that with the rapid development of smart technologies such as big data and the Internet, technologies in the heating field are also changing with each passing day. An intelligent heating network not only connects the warmth of thousands of households, but also allows the entire industry to enter the fast lane in the process of transformation and upgrading.

Liu Huanzhi introduced that the intelligent brains of “One Net” are connected at multiple levels. There are 7 sub-centers under the first-level dispatching command center, with more than 2500 heat exchange stations connected in series, covering a heating area of ​​150 million square meters to serve the city. 1.1 million users have played a role in dealing with rare extreme cold and cooling weather, solving a series of difficult problems such as the failure of power plant units, the increase of heating room temperature standards, and the limited heating output of major power plants on the grid, the shutdown of units, and the shortage of upstream gas sources. Played a vital role.

In the heating season, the heat exchange station is not only the main body of the user’s heat supply, but also the center of regional regulation. It plays a key role in the process of intelligence and can be called the “heart” of heating. Since 1996, the construction of unattended remote monitoring and automatic control of heat exchange stations has been started. Through continuous optimization of the control platform, Tianjin Energy Group has realized remote monitoring and fully automatic and refined operation of all heat exchange stations, which has greatly improved the heat exchange. The operation control level of the station and the ability to coordinate with the heating network have realized energy saving and consumption reduction. At the same time, the use of the Internet of Things and infrared thermal imaging, video surveillance, flooding, noise and other full-element monitoring and automatic response technologies in the heat exchange station have effectively improved the level of safe operation in the station.

With a strong heart, there must be healthy blood vessels. In the inspection of the heating pipe network, the “drone + dual-light thermal imaging” intelligent inspection system developed by the group made the “running drip” hidden under the ground invisible, filling the domestic industry blank. Liu Huanzhi introduced that when the heating pipeline is buried underground, it is difficult to find and locate it in time through manual inspection. This is likely to cause heat outages in the pipe network and affect the heating of residents in winter. Through the drone equipped with infrared thermal imaging equipment, hot water leakage can be found at any time from high-altitude inspections. Compared with the traditional heating pipeline leakage detection method, it not only greatly reduces the workload of breaking the road and shortening the search time It saves the cost of repairing broken roads, and can also provide data basis for formulating scientific emergency repair plans, which greatly improves the efficiency of emergency repairs of the heating pipe network.

In addition to hardware intelligence, on the user side, intelligent technology also provides assistance for the improvement of the “soft power” of heating service levels. The precision heating project based on AI technology collects data in real time and performs big data analysis and dynamic and precise adjustment to ensure that the user’s room temperature is more comfortable and avoid overheating or overcooling; the customer service system adopts manual + AI intelligent voice, and residents apply for repairs online with one click It can effectively reduce the waiting time for repairs; Tianjin’s first 24-hour visual self-service heating service hall has been opened, and people can handle heating services by themselves around the clock; comprehensive online and offline integrated convenience service platforms have been built to achieve all 23 heating services. Going home online, “no need to run once”… These smart application scenarios make things more convenient for the people, and the services they harvest are more efficient and accurate.

24-hour visual self-service heating service hall

“In the future, we will continue to improve the intelligent and precise service level of the system, make the heating system safer, more stable and efficient, and make the people warmer and more comfortable in the winter.” In May this year, the Fifth World Intelligence Conference will be held in Tianjin. Liu Huanzhi revealed that this year the group will bring one-key automatic start-stop smart heat exchanger units, smart manhole covers and other product projects to the conference. At that time, visitors will have the opportunity to experience how the smart heating system works through VR technology on site, and get to know Tianjin Smart “gold content” in the field of heating.

The need to install safety nets for apartments is increasing quite high. After a baby escaped death after falling from the 12th floor of an apartment building in Hanoi, the number of orders for an apartment safety net has increased from a few orders to a few tens, even hundreds a day. Quickly called a mechanic to install a safety net for the apartment corridor, Mr. Nguyen Van Tien (Gemek 2 apartment building, Hoai Duc, Hanoi) said he bought this apartment since he got married, but at that time safety net is not installed because it is not really necessary. However, recently, after many unsafe cases in the apartment, especially the case of a baby falling from the 12th floor of an apartment building in Hanoi, he immediately called a mechanic to put a safety net for his family. me. However, it takes two days for someone to install it. The reason is that most stores are “burned” orders. “Buying an apartment house, my favorite is the wide and beautiful view, so when I first bought it, I didn’t want the view to be obscured by the safety net. Besides, when there are only two couples, the need for safety nets is not really necessary. But now, the couple has a new child, the baby is quite active, so I install a safety net for more peace of mind ”, Mr. Tien said. The mentality of Mr. Tien is the common mentality of many families living in the apartment today. That is also the reason why the safety net market for apartment buildings these days is vibrant again. Mr. Nguyen Van Thang, owner of a shop installing safety nets in Hoai Duc (Hanoi), said that in the past, his company’s staff often went to new apartments to hand over to offer. Usually, the number of orders will increase strongly if there are many apartments handed over in the batch. But in recent days, he hardly has to go to offer, but the number of customers calling to order the company is quite large. He said: “If normally, every day there are only more or less customers calling to order, just a few days ago, the number of customers has increased by 7.8 times. In particular, today, I received more than 100 orders. Because the demand has increased dramatically, we increase the installation even after the break and at night. There are even more customers who have to wait until the next day ”. Mr. Thang also shared, safety nets for apartments have many types, the price of mesh 3 mm diameter is 150,000 VND / m2; 2.5 mm in diameter is priced at 140 thousand VND / m2. If the window pane is less than 1 m2, the regulated price is VND 250,000, including construction and materials. Safety net is a system of parallel cable tension frame with a small distance, about 5 – 15cm, not through the head. In terms of structure, the frame system consists of two rigid aluminum bars positioned above and below. These aluminum bars have pre-perforated holes at a predetermined distance and the cable is continuously threaded through the holes into a mesh surface. Most safety nets are made of 304 stainless steel material with a diameter of 2.5 – 3.5mm, coated with corrosion-resistant HDPE or PE plastic, which is very durable and has good bearing capacity. Mesh has advantages such as high durability, good bearing capacity, no scratching of limbs upon impact, no rust due to humid air, especially suitable for the climate of Hanoi. Safety nets in balcony, loggias or windows prevent people, pets from falling or climbing out. Besides, it works to prevent clothes or other objects such as bonsai pots, bird cages flying or falling below. In particular, the safety net in the apartment building must be able to be cut with specialized tools if a fire or emergency occurs to serve the rescue and rescue work. Mr. Hoang Van Ngoc, owner of a store that installed safety nets in Ha Dong (Hanoi) shared more, for the convenience of customers, the apartment safety nets are installed with a clothes drying frame. . Depending on the needs of customers, the store will have appropriate advice, but it is important to ensure maximum safety for customers. “Although demand for safety nets has increased in recent days, we will not increase prices,” Ngoc said. According to the Vietnam Construction Code on housing and public works – safety of life and health issued by the Ministry of Construction in 2008, the minimum height of handrails is specified: Houses, offices, schools school, office and public works of loggias and terraces at the position of 9 floors or more, the minimum height is 1.4 m. For works used by children under 5 years old, the balustrade must be constructed not for children to easily climb over and the gap must not exceed 10 cm wide. With handrails or loggias used with glass material, the glass is protected by a fixture, ensuring it is solid, no gaps are inserted into the 7.5 cm-diameter sphere, difficult to climb over to prevent prevent falling. However, because children are hyperactive, it is difficult to foresee the risks. Low cost, fast construction time, durable, installing a protective net is one of the timely solutions to increase the safety of today’s apartment buildings.

The protective net must be easily cut off Regarding the fact that some apartments are fitted with protective nets to ensure the safety of children in the balcony and windows, Associate Professor, Dr. Tran Chung admits that this is a quite convenient and effective tool in existing condominiums. now on. However, he noted that the material of the protective nets should be properly chosen because it is related to ensuring safety against fire and explosion. “As a rule, the balcony area of ​​the building has a very important task to rescue and rescue when there is a fire or incident in the building. The rescue force will use the means to pick up people through the area. balcony, “said Mr. Tung. Therefore, the space above the handrail is very necessary, absolutely not sealed or reinforced with fences, iron cages. If people install protective nets, it is necessary to use materials that are easy to cut off, not too solid. Assoc.Prof. Dr. Tran Chung, former Director of the State Department of Construction Quality Inspection (Ministry of Construction). Photo: ASHUI. Through the incident of the girl escaping despite falling from the 12A floor of the building that just happened, Mr. Tung said that this was an extremely rare event. Through each case, the authorities need to investigate and clarify the cause to widely propagate safety conditions in the apartment. Families living in the apartment building should observe and re-evaluate the safety level in the balcony hallways and their windows to adjust accordingly; Avoid unfortunate cases, especially in large urban areas with dense apartment density. The railing is up to standard but can still be accidental Talking about the height of the railing of the apartment building, Associate Professor, Dr. Tran Chung said that these details must meet the standards for the building to be accepted and put into use. “The regulations of the Ministry of Construction are very clear in this regard, the balustrades of apartments and high-rise buildings are specified that the height must be 1.4 m. The regulation also states that the structure of the handrail must not be there are more structures to climb, “said Dr. Tran Chung. In addition to the already specific technical legal corridor, in urban areas with high density of high-rise buildings, it is necessary to pay attention to checking and controlling safety conditions. Local inspection units, State management agencies in the construction field must strictly conduct pre-acceptance tests before they can be put into use. “The legal corridor and tools for us to manage have been guaranteed. However, similar cases still occur. We have to look at each case to dissect the cause”, Assoc. Race said. According to Dr. Tran Chung, if people install protective nets on the balcony, it is necessary to use materials that are easy to cut off, not too solid. Photo: Duc Anh. According to Mr. Tung, there are several main causes of these unfortunate accidents. In which, the balcony area is often used by people as a place to store, plant flowers and ornamental plants, accidentally turning into steps for children to climb and easily climb over the railing. Along with that, the balcony of the building is absolutely not a play place for children, especially when not supervised by adults. He suggested families with children should regularly close the doors to the balcony area, limit the opening of large-sized windows, limit bed racks, cabinets, window furniture … According to the construction standards of housing and public works in Vietnam issued by the Ministry of Construction in 2008, high-rise buildings or apartment buildings with children under 5 years old living or frequently frequented, balustrades must meet standards. Standard: A handrail gap does not pass a sphere 100 mm in diameter and is not constructed to allow children to easily climb over the railing. For houses, offices, schools, offices and public works, the minimum height is 1.4 m in the lot and terrace at the positions of 9 floors or more. The handrail in the stairs and other locations is from 0.9 m to 1.1 m. Mr. Nguyen Ngoc Manh: ‘I just want a simple life’ Driver Nguyen Ngoc Manh said that after saving the girl who fell from the 12A floor, he was asked by many people. This man just wants a simple life to continue his unfinished plans.

In the 2008 financial crisis, in order to boost the country’s economy, the United States passed the crisis on to other countries through quantitative easing (QE) and reduction. Today, the United States is repeating its old tricks. After announcing unlimited “money printing,” the United States has released new signals within a day.

In the early morning of Thursday (April 15), Beijing time, Fed Powell stated in a speech at the Washington Economic Club that the US economy is at an “inflection point” of accelerating growth and hopes that the inflation rate will be moderately higher than 2% for a period of time. To the market’s surprise, he also said that before raising interest rates, the Fed will gradually reduce the scale of bond purchases (cutting QE).

Powell said that the time to reduce QE may be much earlier than the time when the Fed considers raising interest rates . He also said that although the Fed has not yet voted on this, it is a guideline. For the current market, this is undoubtedly a “blockbuster”, because any discussion about reducing QE now will cause a high degree of market tension.

At the time when the Fed’s wind direction is changing, the Chinese central bank seems to be going the other way. China’s latest announcement on Thursday shows that on April 15, 2021, the central bank will carry out 150 billion yuan of medium-term lending facilities (MLF, commonly known as “spicy powder”) operations (including the expiration of MLF on April 15 and TMLF on April 25). Continued), in addition, a 10 billion yuan reverse repurchase operation was also carried out.

As there are 10 billion yuan of reverse repurchase and 100 billion yuan of MLF due today, China’s daily operations, from a full-scale perspective, have achieved a net investment of 50 billion yuan. What does this mean? In fact, both reverse repurchase and MLF are essentially tools for the central bank to provide liquidity to the market.

Therefore, the goal of this action is actually to maintain a reasonable abundance of liquidity in the banking system. In fact, it has been stated before that the current currency adjustment of the Federal Reserve has little impact on China. Judging from the actions in the day, the toolbox of the Central Bank of China is still very sufficient.

Text | Questions by Lu Shuoyi | Figures by Zeng Yunzi | Wenxiang Lu | Lu Shuoyi

Source: GPLP Rhino Finance (ID: gplpcn)

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

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

(Source: Annell’s 2020 performance bulletin)

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

Net profit declined for two consecutive years

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

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

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

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

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

(Source: Annel’s 2019 Annual Report)

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

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

Business problems “misfortune never comes singly”

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

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

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

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

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

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

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

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

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

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

In response to the above news, Polestar replied to the reporter of the “Technology Innovation Board Daily”, “We do not make any comments or responses to the current market speculation, and the official information shall prevail.” Previously, Polestar has been rumored many times that it will be listed as soon as this year. What changes will Geely bring to the seemingly “busy” Polestar? “Not the only” high-end electric car weight At present, in Geely’s “car empire”, there are high-end electric vehicles such as Geometry, Polestar, and Pole Krypton. The reporter of “Science Innovation Board Daily” inquired about the official website of Geely Holding Group and found that the management structure of the group had been updated in early April. Among them, Volvo Cars and Polestar Cars are all classified as Volvo Cars Group. Geely’s newly established Jikrypton Automobile belongs to Jikr Intelligent Technology Co., Ltd., parallel to Geely Automobile Group and Volvo Car Group. Figure @吉利控股集团 Management Structure; Source: Geely Holding Group’s official website Currently, Polestar has two models, Polestar 1 and Polestar 2. But in terms of sales, Polestar’s performance does not seem to be optimistic. According to data from the China Automobile Center Data Resource Center, in 2020, Polestar’s cumulative insurance coverage is only 365 vehicles, which is at the end of luxury brands, far behind Tesla, Weilai, etc. “From the perspective of model design, Polestar 1 and Volvo S90, Polestar 2 and Volvo 40.2 are very similar. There is a certain degree of overlap between the two businesses, which will affect the development of the young brand of’Polestar’.” A reporter from the Science and Technology Innovation Board said, “Now many auto companies are taking the road of’branding the first model and selling subsequent models.’ Extremely krypton comes to the sales, of course, this also mainly depends on the latter’s selling price.” Some media reports previously stated that the first model of Ultra Krypton, ZEEKR 001, will be launched from August to September this year. It is reported that the new car is the original Lynk & Co ZERO, and the price will be set in the range of 300,000 to 500,000 yuan. “If you look at this price range, the extremely krypton pricing is aimed at Tesla and Weilai. It can even be said that its direct competitor is Weilai ET7.” An automotive engineer told a reporter from the Science and Technology Innovation Board, ” The customer base at this price is relatively small, and it will test whether the company can survive in the cracks.” Geely Auto with “Double Decline” in Revenue and Net Profit On March 23, Geely Automobile released its 2020 financial report. The financial report shows that in 2020, Geely Automobile’s revenue was 92.1 billion yuan, down 5% year-on-year; net profit was 5.57 billion yuan, down 33% year-on-year; gross profit margin was 16%, a decrease of 1.4 percentage points compared with the same period last year. Figure @吉利汽车 2020 main financial indicators; source: screenshot of Geely Automobile’s financial report In terms of sales volume, in 2020, Geely’s cumulative sales volume exceeded 1.32 million, a year-on-year decline of 3%. Among them, the sales of Geely’s new energy and electrified models were only 68,000, a year-on-year decline of 40%. This “report card” is quite different from the “Blue Geely Action” previously proposed by Geely Holding Group Chairman Li Shufu. In 2019, Li Shufu proposed that the core content of the “Blue Geely Action” is “In 2020, Geely’s production and sales will reach 2 million vehicles; of which, new energy products account for 90%.” “Geely has many sub-brands, opportunities and challenges coexist. Compared with other auto companies, Geely needs to focus more on creating explosive models and enhancing the speed of product upgrades.” The above-mentioned automotive engineer analyzed to a reporter from the Science and Technology Innovation Board. Said. Looking back at Polestar, its CEO Thomas Ingrat once publicly stated that “Polestar has a very clear mid- to long-term development goal, which is to open the door to IPOs and the stock market.” If Polestar is successfully listed, it may bring new growth points for Geely. As of 14:22 on April 14th, Beijing time, Geely Auto’s share price rose 5.51% to 20.30 Hong Kong dollars per share, with a total market value of 19,948 million Hong Kong dollars.

Epic Store offers titles from smaller indie titles like The Stanley Parable and Tormentor X Punisher to the blockbuster 3-A, Watch Dogs and Star Wars: Battlefront 2. Everything really exploded when in the summer of 2020, the Grand Theft Auto’s week-long free release dragged on players to land, and Epic’s server crashed just minutes later. All these special offers are out of pocket by Epic Games to enhance the brand’s identity, a small amount of money, luckily, the company has to pay the bills very quickly.

According to PC Gamer, Epic’s massive legal battle with Apple over Fortnite revenue on the App Store leaked the total amount invested in the Epic Store, around $ 444 million. And of course, 273 million of that is considered a net loss as Epic has launched a variety of free gift programs. However, the company is not too confused by this investment, but also hopes that profits will start to increase in 2023 and more than a quarter of a billion dollars is spent is only part of a long-term strategy.

This confidence is not without foundation, Epic guarantees a steady stream of profits from Unreal Engine and Fortnite. With Fortnite still considered one of the most successful battle royale games on the market today.

Mr. Giap Van Huan (on the right), Chang village, Viet Tien commune, planted Thai jackfruit in a net house with an inert iron frame.

According to the Department of Agriculture and Rural Development of Viet Yen district, from 2016 up to now, the district has been supported and invested more than 24.4 billion VND to build 116 mesh houses, high-tech agricultural production (CNC) film houses, each model is 1,000 m2 wide. In which, the Provincial People’s Committee supported 12,3 billion VND to build 40 models; the district supported people and cooperatives with 12.1 billion dong to build 76 models. Thereby, 100 net houses, membrane houses in Viet Tien commune, only Minh Tam General Agricultural Cooperative (referred to as Minh Tam Cooperative) has 30 houses to be built and put into use.

Despite a large investment, after a period of operation, most of the film houses, especially net houses, are ineffective. Currently, most of the net houses are left empty and torn. Many households voluntarily dismantle the steel frame and change the crop structure, wrong for the original purpose.

After the newspaper stated, the People’s Committee of Viet Yen district instructed the District Department of Agriculture and Rural Development to coordinate with the People’s Committee of Viet Tien commune to review and inspect the reality, invite Minh Tam Cooperative and the households to change the purpose of using net houses by themselves. job.

Mr. Ngo Xuan Trung, Vice Chairman of Viet Tien Commune People’s Committee, said on April 6 and April 14, the functions of the district and the commune People’s Committee invited representatives of Minh Tam Cooperative (the unit assigned by the District People’s Committee to be in charge of net houses, diaphragm houses in the area) and 9 households using net houses against the original commitment (in two villages of Chang and Ha) to the office to clarify the reasons for conversion and production orientation.

The torn net house area of ​​Minh Tam Cooperative has yet to be repaired.

Ms. Nguyen Thi Tu, Director of Minh Tam Cooperative, said that the reason for the rapid failure of the net is that the net house is not suitable for the sub-region here. Because this area often occurs strong winds that make the net quickly torn and torn. Minh Tam Cooperative as well as other households have invested in repairing, replacing but still ineffective. Due to the loss of intensive farming of vegetables (low selling price, crop failure …), farmers and cooperatives have changed crops.

At the working sessions, the Department of Agriculture and Rural Development of Viet Yen district and the People’s Committee of Viet Tien commune requested Minh Tam Cooperative and the households to self-overcome, remove perennial trees, replant vegetables, tubers and fruits according to the original commitment. . The time to complete the remedy is before May 30, 2021.

The People’s Committee of Viet Tien commune also informs households participating in the project of building plastic houses and net houses in the area: If any household does not do this, they will be recorded in writing and sanctioned according to regulations. Households whose contracts have expired will be liquidated by the District Department of Agriculture and Rural Development and the People’s Committee of Viet Tien Commune.

Requesting Minh Tam Cooperative to remove torn, damaged nets and cover new nets before April 10; cleaning roads, canals and ditches in the net house area before April 24, 2021; directing staff to regularly check, grasp and guide member households and associate with the cooperative to grow vegetables, tubers and fruits in net houses, not to leave empty land.

Up to this point, Minh Tam Cooperative has not recovered the torn nets, covered with new nets as directed. Because according to Ms. Tu: “If we cover the net, we have to spend about 900 million dong so the cooperative doesn’t have the money to do it”. Households also reported that they do not have the budget to stretch new nets and apply for changing land use purposes because they have invested a lot of money to plant perennial trees.

Households participating in the project voluntarily converting crops for the wrong purpose were invited to the office of the People’s Committee of Viet Tien commune to work in the afternoon of April 14.

Talking about this issue, Mr. Than Van Thuan, Vice Chairman of the People’s Committee of Viet Yen district, said that the main reason leading to Minh Tam Cooperative and households participating in the net house project, the ineffective production is due to The cooperative has not yet built a preliminary processing area, cold storage for agricultural products, so the cooperative cannot sign production contracts with households and businesses (DN) for consumption.

To overcome this, the locality will soon request the Provincial People’s Committee to approve the planning of the preliminary processing zone, so that the district will have grounds to support the construction of this area. This is the basis for Minh Tam Cooperative to be eligible to sign production contracts with households and purchasing enterprises. Regarding net houses whose frame has been removed and the purpose of use changed, Mr. Thuan affirmed that he will give statistics, make records and strictly deal with it, requiring net owners to restore the status quo and grow vegetables and crops according to project. “We are determined to restore the efficiency of the greenhouse and net houses as soon as possible,” said Thuan.

The investment in building high-tech agricultural production zone is the right policy. However, the net houses and plastic houses are ineffective, some of them have changed their use purpose for a long time due to lack of management. Hopefully, local rights, cooperatives and people participating in the project will soon join hands to overcome, avoid wasting investment capital.

News, photo: Dai La

Selling villas without changing land use purpose

On December 2, 2016, Binh Phuoc Provincial People’s Committee issued Decision 3129 / QD-UBND approving Thanh Vinh Company to invest in Tan Thien residential project (also known as Dovillas Villa Village) with an area of ​​28,000m2, including 7 land plots of the household of Mr. Vo Thanh Vinh (Director of Thanh Vinh Company). Next, on April 28, 2017, Binh Phuoc Provincial People’s Committee issued Decision 1041 / QD-UBND approving the detailed construction planning project of 1/500 scale for more than 26,000 square meters of the project.

On May 30, 2018, the Department of Planning and Investment of Binh Phuoc Province issued a decision 905 / QD-SKHD to extend construction investment progress. Accordingly, from July 2016 to October 2018, the project must change the purpose of using agricultural land to residential land about 4,500 square meters, and build infrastructure; May 8-2019, completed the change of land use purpose of about 4.956m2 and from September 2016 come into operation.

Present at the Dovillas villa area in early April, we were quite surprised about the progress of the project “cow turtle”. The road to the villa village and some land plots were sold to other people by the investor, the new land owner fenced off and lost the path so he had to enter from the back gate. On the left side is a series of land plots, but only 2 completed villas have been sold to customers; other ground lots, new with foundations and pillars fenced with barbed wire. There is a quite large villa in the middle which is being completed but due to lack of capital, construction has been stopped. The swimming pool is dry, the water pipes are sprawled, the grass is overgrown in many areas, the project’s items are “stationary”.

Many unfinished villas at the Villa Dovillas Village project due to lack of capital

According to an investigation by PV Newspaper SGGP, although the project has not completed the legal basis such as land and land consolidation, has not fulfilled the financial obligations on land use rights as prescribed, but Thanh Vinh Company has sold. for many people.

Specifically, on June 26, 2018, Mr. Vo Thanh Vinh sold to Mr. NXV (SN 1995, living in Binh Thanh district, HCMC) 15 Tai Loc villas. Mr. Vinh received 26 billion VND and committed on December 26, 2018 to hand over. After that, Mr. V. discovered that Mr. Vinh did not go to the land of the purchased land and did not hand over the villa as committed.

Mr. V. said: “Mr. Vinh tricked me to buy a villa, but did not hand over it. Due to the discovery that Mr. Vinh was cheating, did not go to live and fulfill financial obligations, change the purpose of land use, so I did not continue to pay. The company is no longer able to build projects and fulfill financial obligations regarding land use rights. Mr. Vinh also did not pay me.

Not only that, Mr. Vinh also used the floor of Tai Loc villa (lots No. 28,29,30,31,32) to sell to Mr. V. as a mortgage for Mrs. Đ.TTL 5.2 billion VND on December 16- 2019; bringing 2 land plots of 849.5m2 and 60.4 m2 as a road to transfer to Mrs. NTMN (living in Tan Phu ward, Dong Xoai city). Mrs. N. has fenced off 2 plots of land, so there is no path to the project.

Binh Phuoc Provincial Department of Natural Resources and Environment admitted, Thanh Vinh Company was approved by the People’s Committee of Binh Phuoc province to invest in a residential area project and approved a detailed planning 1/500, but the company has not set up procedures for land allocation. , land lease and change of land use purpose built residential infrastructure projects, transferred to households should have been administratively sanctioned in Decision No. 01 / QD-XPVPHC dated 3-1- 2020.

Deceive many customers

Currently, many customers are “sitting on the fire” for tens of billions of dong to invest in the project, difficult to recover capital. Specifically, in 2017, Ms. NTB (SN 1970, living in Dong Xoai city) was advertised by Mr. Vinh, the Dovillas Villa Village project was legal but did not have enough construction capital and needed advance payment from the buyer. Believe it, Mrs. B. bought 3 villas and handed Mr. Vinh 10 billion dong, but by appointment Mr. Vinh did not hand over the villa as committed. Mrs. B. repeatedly asked for money, but Mr. Vinh used enough reasons to avoid paying debts. Therefore, Ms. B. sued the People’s Court of Dong Xoai City asking Mr. Vinh to pay more than 16 billion VND, including principal and interest, overdue.

Thanh Vinh Company also cannot afford to pay the construction unit. According to the contract, Phan Gia Nguyen Construction-Trading Co., Ltd deployed the construction of the work items in the project, the parties agreed to pay in 4 installments, the amount of more than 15.8 billion VND, but Mr. Vinh only paid 300 million and more than 15.5 billion in debt. On January 7, 2020, Dong Xoai City Civil Judgment Execution Department decided to execute the judgment on this debt, but up to now, Thanh Vinh Company has not yet paid the debt.

Apparently, Thanh Vinh Company took advantage of the investment policy of the Provincial People’s Committee to deceive many customers to buy villas. After receiving the money, the company does not proceed to consolidate the land, settle the land, fulfill financial obligations to the State and hand over the villa as committed. Recently, Binh Phuoc Provincial Department of Planning and Investment has issued official letter No. 562 / SKHĐT-ĐKKD requesting Thanh Vinh Company to implement the contents according to TBKL No. 120 / TB-UBND dated 9-3-2021 of the Provincial People’s Committee.

As a rule, the investment policy of the Dovillas Villa Village project must be withdrawn because of the delay of more than 24 months and the failure to fully comply with the legal, illegal transfer, causing insecurity in the area. However, in order to create conditions for businesses to have time to overcome them, the Department requests Thanh Vinh Company to honestly report on the project implementation process and related civil transactions, to prepare documents to reduce the area. disputed land removed from the project… within 15 days.