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.

Wax coconut, a famous specialty of Tra Vinh province. Photo: MD. The Board of Evaluation and Acceptance of Scientific and Technological Tasks of Tra Vinh Province has just accepted the topic “Design and manufacture of equipment to determine the percentage of wax in coconuts” by Dr. Nguyen Minh Hoa, Tra Vinh University as the chair. Wax coconut is a famous specialty of Tra Vinh province. However, determining the percentage of wax in coconuts has long depended on the experience of gardeners. The use of Deep Learning classification equipment helps gardeners determine the percentage of wax in coconuts with the correct probability of up to 95%, determine the percentage of solid wax and liquid wax with 80% probability, should be graded by the council. rather. Mr. Luu Van Nhan, Deputy Director of the Department of Industry and Trade of Tra Vinh province, said that in the past to choose wax coconuts, gardeners’ experience was to shake, but often not absolutely accurate. Nhan said, while still working in Cau Ke, a delegation of the National Assembly ordered 50 waxed coconuts, he asked a reputable agent to collect them. But after asking, I found out that there are many fruits like normal dried coconut. Council for acceptance of coconut wax measuring equipment. Photo: Minh Dam. “In such cases, I believe the gardener is not intentional but just mistaken. Therefore, determining the percentage of waxy coconuts is extremely meaningful to avoid the fact that a 150,000 VND waxed coconut turns into a coconut. dry 10,000 VND. I find this research very close to the actual situation and has high practical application significance”, Mr. Nhan emphasized. According to Mr. Nhan, when applying this device, large-scale farmers, businesses that buy raw wax coconuts, and trading facilities will have more favorable conditions in business, especially the There is no doubt between the buyer and the seller. Now Mr. Nhan wants to buy 50 waxed coconuts, just put it in the machine will have results, from that result the price negotiation will be very close to reality. But Mr. Quick said that, to move towards commercialization, the research team’s product should be improved as compactly as possible for easy portability. The meter for measuring the percentage of wax in coconuts works at the acceptance test of the research topic. According to Dr. Nguyen Minh Hoa, Vice Rector of Tra Vinh University, the knowledge economy is developing in line with the trend of industrial revolution 4.0, higher education institutions play a more important role to find new knowledge, transmit spread knowledge and apply that knowledge through scientific research activities and technology transfer into practice. At the same time, schools need to update the latest research from these scientific research results and transfer this technology into teaching to students in order to improve training quality. Because this is a measure for schools in applying knowledge to create practical values ​​for life. At Tra Vinh University, it is clear that 3 basic components including training, scientific research, technology transfer are inseparable, the development trend expands over time to meet the requirements of educational innovation. university education. Successful research on cordyceps at Tra Vinh University. Photo: Minh Dam. Dr. Nguyen Minh Hoa shared: “Over the years, Tra Vinh University has promoted applied research and technology transfer activities among lecturers and students. In particular, focus on strongly developing the invention space among students and lecturers – makerspace, developing student research groups – IEEE Student Chapter at Tra Vinh University, developing Lab – invention space for students students, lecturers, student cooperative models, student farmer associations, and policies to encourage the incubation of start-up ideas, applied scientific research and technology transfer to serve the community. “. In the coming time, Tra Vinh University will continue to prioritize the implementation of projects to deploy research products with commercial potential, focusing on investing in strong research directions, prioritizing community service and closely associated with businesses, departments inside and outside the province in ordering scientific research and technology transfer.

High ceilings and large glass windows, it is a combination for a spacious, airy and close to nature space. Also there, the vertical and horizontal horizontal stripes help to stand out more under the decorative lighting effect. The designer has clearly expressed a modern house by simplifying the interior form and color of the ceiling, wall, floor. The 50m2 master bedroom is an integration of a spacious sleeping space, dressing area and private bathroom, all of which connect directly to the outdoor courtyard. Relaxing feeling – Chillout is a phrase that homeowners often mention about this room when enjoying the scent and light music emitted by the Marshall speaker in the rainy afternoon. Living room, kitchen area with white, black and gray tones combined with accents with paintings and decor items creates a modern feeling. A sincere sharing from the female owner: “I don’t need a flashy house. In this place, before going to bed and every time I wake up, what I see is nature. When I eat or drink or when I entertain relatives and friends, what exists close to me is still nature. I appreciate that and secretly thank the architect for what the architect has brought to me.” 50m2 for a place to rest and relax for the female owner is the most ideal place. Here every afternoon, when the dawn dawns, she can mingle with nature and enjoy a peaceful life. Construction: DD House, Tay Ninh city

Chaired by: Architect Nguyen Ly Van Quoc – Q.Architects Construction – Design Consultant Co., Ltd Perform: Wan Quoc – Image: Minq Bui

Get more exercise: If you want to lose fat, especially belly fat, you need to practice cardio exercises. This is the best way to lose excess fat and improve heart health.

Avoid foods that are labeled “for dieters”: The “diet” versions of all soft drinks are meaningless. They will still cause your blood sugar to rise, leading to a rapid increase in your weight.

Eat your main post-workout meal: Your body needs to recover and recharge after doing physical activity to regenerate small muscle lacerations. Therefore, the most complete meal of the day should be the meal after training.

Eat more thermogenic foods: Eat more foods like green vegetables and lean protein. These foods will help you lose weight, because your body will need to spend a lot of calories to digest them.

Adding vinegar to your diet: Adding apple cider vinegar to your diet will help you maintain a steady blood sugar level, thereby helping you quickly achieve your desired weight.

Increase your intake of nuts: Nuts like almonds, walnuts or cashews are good sources of fiber and protein, which will help speed up your weight loss. They also keep you fuller for longer.

Circuit training: Rotating exercises not only help you burn calories, but also help increase muscle mass in the body. You can choose exercises like push-ups, jump squats, and more.

Timely “cheating”: A “cheating” meal while on your diet won’t have too much of an effect on the end result, but you need to choose the right time to “cheat” and also plan it. for this “cheating” meal from before.

Drink enough water: Water will be your most important companion on the road to reaching your ideal weight. Water will help you feel fuller, thus eating fewer calories.

Eat more fish: If you want to lose weight, you need to increase your omega-3 intake by eating more salmon, tuna, sardines or mackerel. These foods will significantly aid your weight loss.

“Boycott” fast food: You should minimize starchy foods, processed foods and foods containing alcohol, instead of foods rich in protein and beneficial fats. /.