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%.

The Iron Dome system tested to intercept missiles. (Photo broadcast by VNA) The Times of Israel on June 15 reported that Israel Defense Forces (IDF) deployed several Iron Dome missile defense batteries near Jerusalem, before the anniversary parade Jerusalem Day takes place. The parade, originally scheduled for May 10, was postponed due to the 11-day Israel-Gaza military conflict. The parade, scheduled to start at 6pm on June 15 (Israel time), is one of the issues that threaten to escalate tensions between Israel and Palestine. In a related development, clashes broke out between a group of Palestinian protesters and IDF soldiers at the Gaza border. A Palestinian is said to have been shot in the leg and suffered minor injuries. Hamas Movement threatened to resume missile strikes on Israel if the parade continued. The Palestinian news agency WAFA reported on June 15 that dozens of Palestinians were gassed with tear gas when the Israeli army attacked a crowd protesting against a march that was about to take place in Jerusalem. According to WAFA, the Israeli military fired tear gas and hurled stun grenades at protesters at the entrance to the town of al-Ram in Northeast Jerusalem. In addition, the Israeli army also attacked and drove away Palestinian protesters at the Bab al-Amoud area (also known as the Damascus gate), one of the gates to the Old City of Jerusalem. At least two Palestinians were arrested in the incident.

Sharing the passion of football fans and with the desire to convey and provide readers near and far the latest information of the tournament, Nguoi Lao Dong Newspaper launches a special page about Euro 2020 in the following publications: On the newspaper Nguoi Lao Dong, the special page “Exciting with Euro 2020” will be officially launched from June 11 on pages 8 and 9, with many interesting contents such as: pre-match judgments and comments ; character of the day; Euro and Vietnamese fans…; The authors are football experts: Doan Minh Xuong, Nguyen Hong Pham, Nguyen Viet Thang, Doan Thi Kim Chi… Particularly, the section “Euro 2020 Letter” will be an interesting highlight of the page, by a collaborator of the Nguoi Newspaper. Labor recorded directly from the European turf. The Portuguese team decided to defend the European championship Photo: REUTERS On the Nguoi Lao Dong (nld.com.vn) online newspaper, the Euro 2020 website will continuously update information related to the 24 teams participating in the finals; information before, during and after each match, funny stories on the sidelines… The page is scientifically arranged, convenient to follow with regular categories such as: Euro News, Comments – Expert corner, The Star Euro Stars, Bets – Score… In order to create opportunities for readers who love football to make their judgments, Nguoi Lao Dong Newspaper will organize a contest “Predicting match results”. Readers visit nld.com.vn to predict the fastest and most accurate score results for each match (the prediction portal for each match will close 30 minutes before the ball rolls). Corresponding to each account (based on full name, phone number, email, correct ID/CCCD number provided as a basis for awarding prizes), players are predicted once/match. The prize per game (500,000 VND) is only awarded to 1 reader who predicts the most accurate and fastest results. Particularly for the final match, the question has the “Predict the champion” and “Predict the top scorer”, the reward increases to 2 million VND/match. It is expected that Nguoi Lao Dong Newspaper will also organize talk shows “Exciting with Euro” before each match, broadcast live on the newspaper’s electronic newspaper and social networking platforms for readers to follow. Guest commentators are football experts, celebrities… We invite you to read with Nguoi Lao Dong Newspaper to enjoy the atmosphere of football festivals in Europe to receive many attractive prizes.

Calendar Day : June 2, 2021 Lunar Day : April 22, 2021 New Year of the Snake, Month of the Snake, Year of the New Ox Air secretion: Tieu Man, Truc: Ant, Black Dao Day: Battle of Black Dao (bad) Zodiac Hour: Ox (1:00-2:59); Dragon (7:00-8:59); Horse (11:00-12:59) ; Smell (13:00-14:59); Dog (19:00-20:59); Pig (21:00-22:59) Dark Hour: Ti (23:00-0:59) ; Gradually (3:00-4:59); Crown (5:00-6:59) ; Snake (9:00-10:59); Dear (15:00-16:59) ; Rooster (17:00-18:59) Things to do during the day: Everything started working very well. It is best to get married, build an attic, and bury it. Other things such as departures, setting up rooms, cutting grass, clearing the land, setting up camps are also good. Things not to do today: Boating. Today’s Departure Direction: Depart to the Southwest to welcome the ‘Hei God’. Depart to the Southwest to welcome ‘Tai Than’. Avoid departing towards Chinh Tay to meet Crane God (bad) Departure time today: From 11 a.m. to 13 p.m. (Mongo) and from 11 p.m. to 1 p.m. (Tiger) Plans are difficult to achieve, pray for fortune, and ask for obscure fortune. The lawsuit is best adjourned. Travelers have not heard back. If you lose money, if you go south, you will find it quickly. Be on the lookout for arguments, contradictions, or trivial talk. The work is slow, long, but the best thing to do needs to be sure. From 13h-15h (Moi) and from 01-03h (Ox) Good news is coming, if you pray for luck and fortune, go to the South. Going to work to meet has a lot of luck. Travelers have news. If farming is favorable. From 15:00 to 17:00 (Chan) and from 03:00 to 05:00 (Gradually) Arguing, arguing, causing starvation, must be cautious. The person who is leaving is best postponed. Prevent people from cursing, avoiding disease transmission. In general, things like meetings, debates, important things, etc. should be avoided at this hour. If you must go at this time, you should keep your mouth to avoid causing fights or quarrels. From 17h-19h (Rooster) and from 05h-07h (Moon) It is a very auspicious time, if you go often you will have good luck. Trade and make a profit. The person is coming home. Women have good news. Everything in the house is in harmony. If there is a disease, it will be cured, and the family will be healthy. From 19:00 to 21:00 (Tuat) and from 07:00 to 09:00 (Thin) Seeking for wealth is not beneficial, or is often contrary to the will. If you leave or die, if you have an accident, an important thing must be beaten, if you meet the devil, you should sacrifice to be safe. From 21h-23h (Hair) and from 09h-11h (Tiger) All work is good, it is best to ask for money to go in the southwest direction – The house is peaceful. Departures are peaceful. The first day in the past: – National Day of Italy (Italy) (1946). June 2, 260 – Emperor Cao Mao of Wei conducts a mutiny against the Sima Zhao Attack, which results in defeat and death. 2/6/1183 – Genpei War: The Minamoto clan wins over the Taira clan at the Battle of Kurikara June 2, 1897 – Governor General of Indochina Paul Doumer issued a decree on the tax policy for people in Tonkin, Vietnam. June 2, 1896 – Guglielmo Marconi’s invention of the radio was patented. June 2, 1946 – Italy becomes a Republic after the result of a referendum and it becomes Italy’s national day. June 2, 1953 – Elizabeth II conducts her coronation as Queen, the first major international event to be broadcast on television. June 2, 1979 – Pope John Paul II begins his first visit to his native Poland, becoming the first Pope to visit a communist country. June 2, 2014 – Telangana officially separates from Andhra Pradesh, becoming the 29th state of the Republic of India. ** Horoscope and astrology information in the article is for reference and contemplation only.

Zhang Anna (nickname JO Anna) is a model in Taiwan (China). She attracts more than 200,000 followers thanks to her beautiful appearance, sexy and hot style. Anna mainly models for lingerie and bikini brands. Looking at the picture she shared on her personal page, many people guessed that she has outstanding height. However, in fact the girl from Taipei has a modest height of 1.58 m. The standard body proportions, attractive curves and the right angle selection helped her “cheat” her measurements successfully. Although she does not have the outstanding height like many other long legs in the model village, Anna receives many compliments thanks to her sweet beauty, attractive charisma and professional working style. She pursues a sexy style and is not afraid to show off her figure in bold cut designs. With a large number of followers, the Taiwanese model also has a good income from advertising posts on her personal page. Anna is the face of a number of cosmetic and beauty food brands. Not only posting pictures about work, Anna also shares about daily life. She confided that due to her busy schedule, she had little time to spend with friends or love affairs. Anna especially loves traveling and discovering new places. She often checks-in at luxury resorts. However, a serious outbreak of the disease for a long time has caused her to postpone many plans. To maintain a standard figure, Anna actively practices sports. She often combines running, exercising outdoors with exercises in the gym. She also pays attention to a healthy diet and positive thinking for better weight control.

It turns out that behind it is a long story, to know the story we have to go back many years ago, when the “snooze alarm” button was born, watchmakers were in trouble when they cannot be fine-tuned so that the gears match to delay exactly 10 minutes. And then, watchmakers had 2 options of 9 minutes or 11 minutes, to this day many people are still talking about their choice. However, many people think that 9 minutes is a reasonable amount of time because when going to 10 minutes, people have already entered a deep sleep and make this second awakening make you more sleepy, or simply is that waking up 1-2 minutes earlier is better than “trying to sleep” more. There is also a lot of controversy that Apple’s choice of “Snooze” time of 9 minutes is to honor the first watch model with this “alarm delay” feature. This electric watch model is called 7H241, of Telechron watch company – USA, integrated with an “alarm delay” button with the default time of 9 minutes.

Again, Russia intends to withdraw from the ISS project after 2025. By then, Moscow plans to build its own orbital station for the purposes of scientific research. Previously, Deputy Prime Minister of the Russian Federation – Mr. Yuri Borisov said that the situation related to the “aging” of the ISS structure could lead to dire consequences. So Russia should create an alternative to the current project as soon as possible and not leave the astronauts at risk. In addition, Borisov added that the national orbital station in the future could become “high orbit” (located above the ISS), not only used for scientific research but also acting as a “transit base” in the mission to conquer the Moon. Russia will use the ISS international space station’s energy supply module for its future space facility As for the Science and Energy module, work on creating it started in 2012. As planned, by 2015 the device is expected to ensure energy independence for the Russian subdivision on the ISS. . However at that time only the draft design of the device was ready. NEM’s ground tests only really begin in 2018. While its launch is being delayed, Russian scientists will have to be more active in the near future as time is on. increasingly hurry. It should be noted that in addition to the NEM that will become the main module, according to Dmitry Rogozin, two permanent working modules named “Nauca” and “Prichal” could become part of the space station in the future, both modules will sent to the ISS this year.