According to the micro-net news, as Ideal Auto recently announced its financial report for the first quarter of 2021, the three major new domestic automakers, Weilai Auto, Ideal Auto, and Xiaopeng Auto have all released their first quarter revenues. According to statistics, the three companies have combined their operations in the first quarter. Revenue was 14.513 billion yuan, only 21.86% of Tesla’s first quarter revenue.

In the first quarter of this year, Weilai Automobile’s total revenue was RMB 7.982 billion, an increase of 481.8% compared with the same period of the previous year; net loss was RMB 451 million, which was a decrease of 73.3% compared with the same period of the previous year; attributable to the company’s common stock Shareholders’ net loss was RMB 4.875 billion, an increase of 183.0% compared to the same period last year.

Ideal Auto’s total revenue in the first quarter of 2021 was 3.58 billion yuan, an increase of 319.8% from 851.7 million yuan in the same period in 2020; a net loss of 360 million yuan, an increase of 366.9% from the net loss of 77.1 million yuan in the same period in 2020. In this quarter, the deliveries of Ideal ONE were 12,579 units, an increase of 334.4% from 2,896 units in the same period in 2020; car deliveries in the second quarter are expected to reach 14,500-15,500 units, a year-on-year increase of 119.6% to 134.7%. At the same time, Ideal Auto’s auto sales in the quarter were 3.46 billion yuan, an increase of 311.8% year-on-year; the auto profit margin was 16.9%.

Xiaopeng Automobile’s total revenue in the first quarter was 2.951 billion yuan, a year-on-year increase of 616.1%; of which 13,340 vehicles were delivered and sales revenue was 2.81 billion yuan, a year-on-year increase of 655.2%; in addition, the gross profit margin was 11.2%, a year-on-year decrease of 4.8%; net The loss was 786.6 million yuan, an increase of 21.05% year-on-year. For the second quarter, Xiaopeng Motors expects vehicle deliveries to be 15,500-16,000 vehicles, a year-on-year increase of approximately 380.2% to 395.7%.

In the same period, Tesla’s revenue in the first quarter reached 10.4 billion U.S. dollars (about 66.39 billion yuan), an increase of 74% year-on-year; net profit was 464 million U.S. dollars, an increase of 582% year-on-year; net profit attributable to common shareholders was 438 million U.S. dollars, A year-on-year increase of 2638%; of which sales of carbon credits achieved revenue of US$518 million.

The total revenue of the three new domestic car manufacturers in the first quarter was 14.513 billion yuan, only 21.86% of Tesla’s, and none of them achieved profitability. The analysis believes that the investment in R&D by the three new car manufacturers is an important reason why they have not yet been able to achieve profitability. In the first quarter of this year, the research and development expenses of Weilai Automobile, Ideal Automobile and Xiaopeng Automobile were 687 million yuan, 515 million yuan, and 535 million yuan, respectively, accounting for 8.61%, 14.41%, and 18.13% of overall revenue.

It should be noted that Ideal Automobile achieved a profit of 108 million yuan in the fourth quarter of 2020. Although it failed to maintain profitability in the first quarter of this year, Ideal Automobile is still expected to become the first of the three new car manufacturers to achieve a positive annual net profit. enterprise. (Proofreading/Arden)

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.

Software business revenue maintained rapid growth. From January to April, my country’s software industry completed software business revenue of 2571.9 billion yuan, an increase of 25.0% year-on-year, and the growth rate dropped by 1.5 percentage points from January to March. The compound growth rate in the past two years was 11.7%. Figure 1 Software business revenue growth from 2020 to 2021 from January to April The growth of total profits slowed down. From January to April, the industry realized a total profit of 288.5 billion yuan, a year-on-year increase of 20.5%, a decrease of 5.4 percentage points from January to March, and a compound growth rate of 8.5% in the past two years. Figure 2 The growth of the total profit of the software industry from 2020 to 2021 from January to April Software exports grew steadily. From January to April, the software industry achieved exports of US$14.9 billion, a year-on-year increase of 14.5%, basically returning to the level of the same period in 2019. Among them, the export of outsourcing services was US$4.06 billion, a year-on-year increase of 22.3%; the export of embedded system software was US$5.86 billion, a year-on-year increase of 8.2%. Figure 3 The export growth of the software industry from 2020 to 2021 from January to April The number of employees has increased steadily, and the growth rate of total wages has increased slightly. From January to April, the average number of employees in the software industry in my country was 7.11 million, an increase of 5.8% year-on-year, and the scale increased by 140,000 from January to March; total wages of employees increased by 11.0% year-on-year, an increase of 0.4 percentage points from January to March. The compound growth rate in the past two years is 5.6%. Figure 4 The growth of total wages of software industry employees from 2020 to 2021 from January to April 2. Operation status by field Software product revenue grew steadily and rapidly. From January to April, software products achieved revenue of 682.3 billion yuan, a year-on-year increase of 23.5%, an increase of 0.1 percentage points from January to March, accounting for 26.5% of the industry’s revenue. With the continuous release of favorable policies in the field of intelligent manufacturing and the demand for industrial informatization and intelligent upgrading and transformation, the revenue of industrial software products reached 62.8 billion yuan, an increase of 22.3% year-on-year and an increase of 1.4 percentage points from January to March. Revenue from information technology services maintained rapid growth. From January to April, information technology services achieved revenue of 1,622.2 billion yuan, a year-on-year increase of 26.8%, a drop of 2.4 percentage points from January to March, and accounting for 63.1% of the industry’s revenue. Among them, with the continuous expansion of online education, telemedicine and other applications, cloud computing and big data applications accelerated, the two achieved a total revenue of 227 billion yuan, an increase of 26.8% year-on-year, accounting for 14.0% of information technology service revenue; e-commerce platform technical services The revenue was 20.1 billion yuan, a year-on-year increase of 26.4%; the IC design revenue was 62 billion yuan, a year-on-year increase of 19.6%. Revenue from information security products and services has accelerated growth. With the acceleration of domestic digital transformation, the importance of information security has increased significantly. From January to April, information security products and services achieved a total revenue of 38.4 billion yuan, a year-on-year increase of 28.4%, an increase of 3.6 percentage points from January to March. The growth rate of embedded system software revenue was steady but slow. From January to April, embedded system software realized revenue of 228.9 billion yuan, a year-on-year increase of 17.4%, and a decrease of 3.3 percentage points from January to March. Figure 5 The proportion of the software industry’s classified revenue from January to April 2020/2021 3. Operation by region The income of the software industry in the northeastern region has increased rapidly, and the growth in the central region has been outstanding. From January to April, the eastern region completed 2,125.8 billion yuan in software business revenue, a year-on-year increase of 26.1%, down 1.3 percentage points from January to March, and 1.1 percentage points higher than the national average. Under the influence of the low base of the previous year, the central region completed software business revenue of 974 yuan, a year-on-year increase of 26.4%, an increase of 1.7 percentage points from January to March, and 1.4 percentage points higher than the national average. The western region completed software business revenue of 291.7 billion yuan, a year-on-year increase of 19.5%, a drop of 4 percentage points from January to March. The Northeast region completed software business revenue of 56.9 billion yuan, a year-on-year increase of 12.7%, an increase of 1.4 percentage points from January to March. The software business revenue of the four regions accounted for 82.7%, 3.8%, 11.3%, and 2.2% of the total national revenue, respectively. Figure 6 Software industry revenue growth by region from January to April 2021 Major software provinces continued to grow rapidly, and some central and western provinces and cities grew rapidly. From January to April, among the top 5 provinces in software business revenue, Beijing, Guangdong, Jiangsu, Zhejiang, and Shanghai had software revenue of 541.8 billion yuan, 493.4 billion yuan, 355.4 billion yuan, 228.5 billion yuan, and 186.7 billion yuan, respectively. Increased by 43.8%, 19.4%, 22.9%, 16.1% and 30.5%, the total software business revenue of the five provinces and cities was 1805.8 billion yuan, accounting for 70.2% of the country’s proportion, which was 2.3 percentage points higher than the same period last year. Due to the small total volume and low base, the software business revenue in the five provinces of Guizhou, Hainan, Shanxi, Yunnan and Guangxi increased by more than 50% year-on-year. Figure 7 Growth of the top ten provinces and cities in software business revenue from January to April 2021 The revenue of the software business in central cities has grown steadily, and the growth of total profits has slowed down. From January to April, 15 sub-provincial central cities across the country realized software business revenue of 1383.5 billion yuan, a year-on-year increase of 19.2%, and a decrease of 2.6 percentage points from January to March, accounting for 53.8% of the national software business revenue, accounting for the same period last year A decline of 1.7 percentage points. Among them, the year-on-year growth rate of Harbin and Ningbo’s software business revenue was 11.1 and 0.9 percentage points higher than the industry-wide revenue growth rate, respectively. The total profit of the software industry in central cities was 165.4 billion yuan, a year-on-year increase of 15.1%, and a decrease of 9.3 percentage points from January to March. Among them, Ningbo, Harbin, Xi’an, Shenyang, and Guangzhou recorded a total profit growth rate exceeding the industry average. Figure 8 The growth of software business revenue in sub-provincial central cities from 2020 to 2021 from January to April

Opec Plastics Joint Stock Company, also known in English as Opec Plastics, is headquartered at 13th Floor, BIDV Tower, 194 Tran Quang Khai, Hanoi. The history of the enterprise stretches with important milestones since 2002 as follows: 2002 year Asia Plastic Factory was established and built in Nhu Quynh industrial cluster, Hung Yen province. 2004 Established subsidiaries, namely Dong A AID and Nam A AID, specializing in supplying raw materials for production and distributing products for Asia Plastics Factory. 2006 – 2008 Won Gold Cup for Vietnamese Products, Gold Cup for Environmental Protection, WTO-compliant Products on Intellectual Property, Competitive Trademark. 2009 Established Opec Plastic Joint Stock Company (Opec Plastics., JSC), acquired Asia Plastic Factory. Year 2010 – 2011 The company invests methodically with large capital, senior personnel from abroad, business strategy highly focuses on the value chain and supply chain of the plastic – chemical industry. Year 2012 Put the new factory into operation, in Pho Noi A Industrial Park, Hung Yen province, specializing in the production of export PE packaging. The company became a strategic partner of Dung Quat Oil Refinery, distributing most of PP plastic products for the Plant. 2013 With its position as one of the leading plastic enterprises in Vietnam, with professional management, Opec Plastic continues to expand production and business, create more jobs for workers, and ensure the living standards of the people. employees. Year 2014 to present As the Top Plastic Enterprise in Southeast Asia, the largest plastic resin distributor in Vietnam and Southeast Asia, Opec Plastics always strives to connect and support Plastic enterprises in Vietnam and in the world. world in order to create added value for the parties through win-win and sustainable cooperation. In addition, Opec Plastics is also known as one of the leading manufacturers of biodegradable packaging in the country. Opec Plastic Joint Stock Company is growing and expanding In addition to the head office in Hanoi, Opec Plastic Joint Stock Company also has representative offices and many logistics centers in 3 North – Central – South regions, and representative offices in the United States, Singapore, Indonesia, the Philippines, and China. Quoc, Dubai … have factories producing plastic packaging for export with a total area of ​​​​nearly 10 hectares in Pho Noi A Industrial Park, Hung Yen and at Km 56, Highway 5, City. Hai Duong. These achievements have helped Opec Plastics rank 40th in the Top 100 Largest Private Enterprises in Vietnam and 91st in the Top 500 Largest Enterprises in Vietnam in 2020. As can be seen, the business has completely confirmed it. Top position in Vietnam plastic industry in both depth and breadth. Branch system and factories of Opec Plastic JSC HANOI OFFICE at 13th floor, BIDV Tower, 194 Tran Quang Khai – Ly Thai To Ward, Hoan Kiem District, Hanoi. HO CHI MINH CITY BRANCH at Lot L12A-16, Floor 12A, Vincom Center Dong Khoi Building, 72 Le Thanh Ton, Ben Nghe Ward, District 1, HCMC. CENTRAL BRANCH at Building C1-13, Van Tuong Binh Son Urban Area, Quang Ngai. HAI PHONG BRANCH at Room 703, 7th Floor, LP Builing, No. 508 Le Thanh Tong Street, Van My District, Ngo Quyen District, Hai Phong City, Vietnam. FACTORY 1 at Lot 16, Street 206, Zone A, Pho Noi A Industrial Park, Dinh Du Commune, Van Lam District, Hung Yen Province. FACTORY 2 at Km 56, National Highway 5, Nam Dong, Hai Duong City, Hai Duong Province. How does Opec Plastic Joint Stock Company do business?Continuously increasing capital Formerly known as Asia Plastic Factory, established in September 2009, Opec Plastic Joint Stock Company, formerly known as Asia Plastic Factory, operates mainly in the field of manufacturing foam bags, plastic packaging, etc. plastic beads… with initial charter capital of 55 billion dong. This number is contributed by 3 founding shareholders, including Chairman of the Board of Directors and General Director Dinh Duc Thang (VND 30.25 billion); Mr. Nguyen Minh Tu (19.25 billion VND); Mr. Nguyen Duc Ha (5.5 billion VND). Up to now, through many capital increases, the charter capital of Opec Plastics has increased to VND 550 billion, 10 times higher than before. Total assets by the end of 2019 of Opec Plastics reached VND 7,210 billion, nearly double that of the end of 2016. Equity even reached VND 675 billion at the end of 2019, an increase of more than 8 times in the period. this time. With the ratio of liabilities to total assets regularly maintaining over 90%, most of Opec Plastic’s assets are still financed from debt capital, although this debt ratio is showing signs of decreasing. The business results of Opec Plastics are also significantly affected by the use of high leverage. Revenue far exceeds many “big guys” in the plastic industry Opec Plastic’s revenue grew strongly in the period of 2016-2019 during the expansion process, sometimes reaching double the figure of Tien Phong Plastic (code NTP) and Binh Minh Plastic (code BMP) combined and high much higher than the target of An Phat Xanh Plastic (code AAA), these are all “big guys” in the same listed plastic industry. Specifically, in 2019, Opec Plastics grew 11.5% compared to 2018 when it recorded VND 16,162 billion in revenue. The record revenue that An Phat Xanh Plastic, another big player in the industry, achieved in 2019 is 9,258 billion VND, which is only about 57%. Profits eroded by leverage In 2019, net profit decreased by 64% compared to the previous year when this business only earned 37 billion dong in net profit. With 1,000 dong of revenue, it brought in just over 2 dong of profit, equivalent to a net profit margin of only 0.22%. Profit margins of Opec Plastics are only low because profits cannot keep up with capital raising process. In 2019, the return on equity (ROE) was only approximately 5.5%, and the return on assets (ROA) was only 0.5%.

Opening sales on the first Friday saw a record high, up about 50% compared to “Flip 4”, and more than 130% compared to “Flip 3”. These remarkable achievements have helped the hundred-billion-dollar director Ly Hai own two films among the top-grossing Vietnamese films of all time. Recently, the film crew announced that “Flip Face: 48H” will officially open in the US from June 18, 2021 in theaters in the states of California, Texas, Colorado, Atlanta, Georgia, Washington, Virginia, Florida. In addition to the previous states, 1 week later on June 25, 2021, the film continues to expand its screening points at cinema clusters in the states of Phoenix, Arizona, Illionis, Massachusetts, Philadelphia, New Jersey, Washington… A scene from Flip Face : 48H The joy is multiplied when just setting foot in foreign markets, “Flip Face: 48H” has received warm support from fans. The film will be available in 22 theaters, this is an extremely impressive number, twice the number of “Flip Face 4” and many similar films. “Flip Face: 48H” belongs to the action-comedy genre, true to the strength of the director of Western origin. The film’s story revolves around Hien (played by Vo Thanh Tam) – a gentle delivery worker who is good at martial arts ready to do anything for his family. During the risk of being involved in a business case, Hien and his family suddenly became the target of a fierce hunt. Hien’s wife and children were kidnapped and threatened with life. Hien only has 48 hours to find out the truth of the matter and rescue his wife and children. Directed by Ly Hai Although the film possesses a classic family rescue plot, it is guaranteed to make the audience nervous and not daring to breathe during the main character’s escape. During nearly 120 minutes, director Ly Hai will “deploy the army” with a series of high-class action scenes and entertain viewers with a series of risky situations, martial arts, thrilling chases, and explosions. satisfied with the level of stimulation gradually increased. In particular, many scenes are performed by the actors themselves without the need for stunts to ensure the authenticity of each martial arts pose. Ly Hai shared that although he was born and raised in the West, this is the first time that Ly Hai has brought the Western river scene to the big screen. More than 90% of the scenes will be filmed in the West, spanning many different places: from land to water, from Cham villages to Cai Rang floating market. The context is bold with Vietnamese identity, which will be a personal and sincere gift that Ly Hai wants to give and send to Vietnamese audiences far away. Thanh Van snail- Vo Thanh Tam “Flip the face: 48H” is also the most carefully and carefully invested work by Ly Hai. The most impressive thing to mention is his “strong hand” when he invited director Kim Jung-min from Korea to take the position of consultant for the action part. In Korea, Kim Jung-min is known to the audience as the action director of the 2018 box office blockbuster The Witch: Part 1. The Subversion. Then the action scenes, billions of dollars, even building a whole new row of houses on stilts just to “break”, or mobilize up to 1000 mass actors to participate in a melee scene,… All were done. demonstrate the “risk”, the willingness to play, and the spirit of dedication of the unique cool-handed director of the Vietnamese film village. This has been rewarded with the support of millions of domestic audiences, and the unspeakable praise from critics. Famous kimchi director Lee Hwan-kyung (from the blockbuster Miracle in Cell No. 7 – the work that broke all sales records in Korea in 2013) was also surprised by the quality of “Flip the Face”. : 48H”. “I had a meeting scheduled at first, so I was going to watch a part,” he said. The rest after the meeting I will continue to watch. However, watching for a while, I was so immersed in it that I couldn’t stop. It did so well that it was like watching a Hollywood movie!” In addition, “Flip Face: 48H” also has the participation of talented actors Vo Thanh Tam, Oc Thanh Van, Huynh Dong, Mac Van Khoa, Ha Anh,… Full convergence of action elements Eye-catching, entertaining humor and emotional family story. Screening spots in the US this summer

Ly Hai and his wife Minh Ha at the premiere in Vietnam. The total revenue of his films “Flip Face” exceeded 500 billion VND. Ly Hai expressed that he was both happy and nervously waiting for the reaction of the international audience. The work had to be postponed 3 times in the country because of the Covid-19 epidemic. Therefore, the male director hopes that the project will go smoothly when going abroad and receive positive results. The movie is named in English as Face off: 48h . “Hopefully in addition to the Vietnamese community, international audiences will also be able to see Vietnamese films. That’s why, in the film, we focus heavily on regional culture to let foreigners know and feel about it Vietnam,” he shared. Before that, Ly Hai used to wear Flip face 4 premieres in the US, Australia and Canada in 2019. Flipping: 48h is in the series of the same name that makes up the brand of Ly Hai. The work also achieved the highest revenue in the sections with the figure of 156 billion dong. Currently, he has completed the script for season 6 and plans to start filming at the end of the year. Ly Hai expects the film to be well received when it is released internationally. Flip Face: 48h belongs to the action-journey genre, revolving around a family’s escape across the West before the hunt by a gang of wanderers for a treasure. The project gathers actors Vo Thanh Tam, Oc Thanh Van, Huynh Dong, Mac Van Khoa, Ha Anh… The film is mentored by Korean director Kim Jung-min (the action director of the blockbuster). box office 2018 – Artificial Assassin ). This is also the work “consuming” the most money and enthusiasm of Ly Hai ever. Trailer of the movie ‘Flip the Face’

ODA capital has made an important contribution to infrastructure investment, promoting socio-economic development. Thus, localities will also be easier to apply and foreign organizations will also find it more convenient to carry out procedures for central and local governments. Reporter: The Ministry of Finance is soliciting public comments on the draft circular guiding the state financial management of foreign non-refundable aid as part of state budget revenue. From some facts about receiving foreign aid from the localities where Oxfam has provided aid, do you have any comments on the development of this circular? Mr. Pham Quang Tu: Faced with the fact that many localities are still confused in guiding the implementation of legal documents related to the receipt of foreign aid, I highly appreciate the fact that the Ministry of Finance has actively developed this circular to guide guidelines on financial management of foreign aid under the state budget in three different decrees, namely Decree 56 on ODA aid, Decree 80 on non-ODA aid and Decree 50 on emergency relief and disaster recovery. Mr. Pham Quang Tu An example in the implementation of Oxfam’s projects is the flood emergency relief program in Central 2020. The understanding and application of this fund by local governments are different. For Quang Tri and Quang Nam provinces, they immediately identified Oxfam’s support capital under the implementation guidelines of Decree 50. While Ha Tinh and Quang Binh have concerns about applying Decree 80 or Decree 50. From that example, it can be seen that, the same source of foreign funding, whether it is from the state budget or not from the budget, but with different sources being adjusted under different regulations, localities have different interpretations. , so there is confusion in how to apply the appropriate regulations, leading to many aid sources not being implemented in a timely and rapid manner compared to needs. If this situation continues, it may lead to us not being able to take full advantage of foreign aid sources, causing donors to move to another locality or to another country, which is a pity. Therefore, when the Ministry of Finance issues a common guideline for all 3 Decrees for sources under state budget management, it will create a synchronism as well as make it easy to understand for aid-receiving organizations. A good idea, worth noting. I hope that the guidance of this circular will help local governments better understand how to approve and implement projects to avoid overlap. Reporter: This new draft circular has specific regulations on the construction of foreign aid capital estimates. What is your view on this matter? Mr. Pham Quang Tu: In my opinion, the construction of an estimate is common and necessary when following a general financial management process, including: estimation, expenditure, and finalization, but it is necessary to calculate which type is appropriate. The draft circular contains provisions on annual, 3-year and 5-year financial planning for foreign aid sources under the state budget. However, out of the three sources of ODA, non-ODA aid, and emergency aid, it seems that only ODA can be identified in the long term and thus 5-year financial planning is almost exclusively applicable to this resource. As for the other two types of capital, it will be difficult to make a 5-year plan. Even if there is a plan, the practicality and feasibility are not high, especially for emergency relief according to Decree 50, it is even less planned, because it is only determined when natural disasters occur. Therefore, using a common estimation model for all three types of capital sources will lead to stereotypes, rigidity and impracticability. Figures 3 years and 5 years are only forecasts, so the error in planning for 3 years and 5 years will be more, until implementation will have to be adjusted a lot. Therefore, when implementing, it is necessary to create flexibility in adjusting compared to the plan without having to create too strict requirements, avoiding asking for up, down and approval many times. In my opinion, for investment aid, the planning should be applied on a 3-year, 5-year cycle. As for the source of emergency relief, it should be flexible and should ensure prompt approval so that it can be implemented due to its emergency nature of relief. Reporter: From the perspective of organizations providing foreign aid to Vietnam, what recommendations do you have for this draft decree? Mr. Pham Quang Tu: First of all, as discussed above, I think that planning needs to be more flexible, not rigid, most importantly, it is necessary to focus more on the process of controlling expenses and payment. In addition, in my opinion, Clause 2 of Article 2 should be removed in the draft circular on the subject of application being “agencies in charge of foreign aid programs/projects/non-projects”. The reason is that the governing body is not the one to directly manage and use the aid. For example, if the Department of Agriculture of Province A is the grant holder/project owner, the Provincial People’s Committee is the governing body. In this case, the Provincial People’s Committee is only the competent authority to approve and allow the department to receive this aid, but the funding will be transferred to the account and managed by the Department of Agriculture. With the regulation that the governing body is the subject of the circular, it means that the Provincial People’s Committee must perform all the contents that the project owner, the Department of Agriculture, must do. This is an unrealistic and formal regulation because the Provincial People’s Committee does not manage money but only receives reports from the Department of Agriculture. The Department of Agriculture is a state agency and a legal entity, when directly the project owner will have to take full responsibility and if there are errors in the implementation process, they must be responsible before the law and authorities. on. PV: Thank you sir! Proposing the Government to develop a joint decree “In foreign aid, there are two types: state budget (state budget) and non-state budget. Therefore, to ensure uniformity, we suggest that, through the development of this circular, the Ministry of Finance can summarize and advise and propose the Government to develop a common decree, guiding the entire the process of calling for the receipt, management and use of foreign grants. In that joint decree, it will divide into two branches of budgetary and non-budgetary sources, including all from ODA, non-ODA and emergency relief sources. This will ensure synchronization…”
Mr. Pham Quang Tu – Deputy Country Director of Oxfam in Vietnam

LTS: Working at the first newspaper to charge readers in Vietnam, journalist Tran Tien Duan, Editor-in-Chief of VietnamPlus e-newspaper said that charging readers is a trend of the world’s press. To collect fees effectively, newsrooms must orient the production of content for paying readers that specialize in specific areas and must make a worthy investment to improve the quality of articles. Big, hot issues are at the forefront. VietNamNet would like to introduce the following article of Mr. For online newspapers, revenue is mainly from advertising and media contracts. However, now, there is a big shift when businesses choose advertising media through social media more instead of advertising on electronic newspapers. The transformation of advertising methods and the reduction of revenue is a really challenging economic problem for newspaper leaders. E-newspapers want to survive and develop, they need to find new forms of journalism economy, in which fee collection can be a solution for electronic newspapers in Vietnam. Editor-in-Chief of VietnamPlus Online Newspaper Tran Tien Duan Fee collection at VietnamPlus e-Newspaper There are many newspapers in the world such as Wall Street Journal, New York Times, Washington Post (USA), Financial Times, The Economist (UK), Svenska Dagbladet and Aftonbladet New Media (Sweden), Folha de São Paulo (Brazil). .. had early success with the digital-based fee model, before the growth of online advertising revenue slowed down and even declined in recent years. In addition, a harsh reality that has emerged in recent years is that up to 75-80% of digital advertising revenue flows into the pockets of two giants Google and Facebook. Because of that, newspapers found that they could no longer depend on advertising revenue, so charging readers really became a trend of the world press. On June 20, 2018, VNA’s online newspaper VietnamPlus became the first and only Vietnamese press agency to collect fees for reading content on digital platforms. Every day, VietnamPlus only distributes about 5-10 fee-based articles, including in-depth analysis articles, exclusive interviews, etc., produced by the newsroom itself, or translated under the franchise of major press units. In the world. Because the quantity of news sold is small, it does not affect the provision of essential information to serve readers and still ensures the principles and orientation of the VNA. VietnamPlus is the national foreign affairs electronic newspaper under the VNA. Therefore, the newspaper has many advantages due to the information system of the VNA and from 90 resident agencies at home and abroad. Therefore, VietnamPlus has more advantages when it comes to building specialized and in-depth content for its premium products, creating “commodity” products of high value and use value. Target a wide audience willing to pay to own that unique article or news. Interface of fee collection page of VietnamPlus newspaper The content that VietnamPlus has been collecting fees for focuses on 4 main areas: Politics – society, world, economy – technology and culture – sport. These articles are analyzed from multiple perspectives, and more importantly, have a lot of exclusive information because they are provided quickly, timely, and attractively by resident correspondents abroad. public interest. Regarding access organization, while The Straits Times and other fee-based online newspapers often put both paid and free content on the same website, Vietnam Plus separates the fee to https: //pay.vietnamplus.vn and free at https://vietnamplus.vn. This is to avoid offending readers who are not used to paying for e-newspapers, but will also affect the ability to cross-promote for subscriptions. In the near future, the newsroom is also planning to change it to allow partial reading, creating an incentive for users to be willing to pay. Taking the first step on a new path, VietnamPlus e-newspaper has constantly learned from the electronic newspaper fee models in the world, researched the information needs of domestic readers to build and develop this model. in your own newspaper. Currently, VietnamPlus uses many strategies to achieve its goals: Periodical newsletters, information on specific topics (politics, economics, culture, science) to attract subscribers to target each audience. customers and targeting each specific customer group on Facebook, Google does not use advertising to bring its posted content to potential new customers. Vietnamplus aims to continue to produce high-quality, long-form content such as mega-story, long-form, and not only restrict the content to economic, financial, strategic, and business secrets, but also open it up. other fields such as technology, sports, entertainment, politics, new trends, forecast information… and collect fees from these articles. Some problems raised in electronic newspaper fee collection In the economic activities of journalism, in order to collect fees effectively, newsrooms must orient the production of content for paying readers to specialize in specific areas and must make worthy investments to improve the quality. posts. Big, hot issues come first, otherwise there would be no reason to convince people to subscribe. Because the readers who can afford to pay are often businesses, researchers, press agencies, people with high income and qualifications, they need information from experts, managers, comment on a topics that are important to them. A newsletter from the VietnamPlus e-newspaper Through polling and surveying the groups and individuals that buy information from VietnamPlus, they found that the news sold has a high content of information, going deep into a field or issue that public opinion and society are interested in. Such news they accept to pay for the source of information they are using. Through this, VietnamPlus also determined, selling news must focus on readers, must find a way to determine what their readers need. Readers will spend money when they really believe that they have valuable, quality sources. And the question is: how can we create many “goods” that are attractive enough to users, making them “pickpocket” to pay? Payers buy high-quality content, not cheap. Readers pay for content because it helps them stay informed and post about issues they care about. And readers appreciate the exclusive content they have access to more than ancillary benefits like promotional giveaways when they sign up. Paid readers send a clear signal that news outlets that want growth cannot cut costs. Acquiring a paid audience requires an investment in high-quality content and a focus on meeting the needs of the audience. It is not easy to convince readers to pay when they are used to free information, so VietnamPlus’s pioneering in this field is also to help readers get used to reading paid newspapers. money. Must-know content turns free readers into paying readers. Informative, insightful, specialized content motivates readers to withdraw, which is the key to retaining readers. It is also about turning the habits of readers into our habits, understandable that when readers accept to pay for an information, it means that it is the act of paying for their own habits. Therefore, VietnamPlus e-newspaper also focuses on the habits of its readers. Habits are the best way to increase engagement. In addition, a difficulty in selling news is due to technology limitations. When it was newly built to collect fees, VietnamPlus’s method was still limited to only using mobile phones from a network operator. Currently, payment gateways have been expanded, allowing a variety of other payment methods such as bank cards, e-wallets, QR codes… VietnamPlus is planning to upgrade the payment system. Moreover, the fact that copyright in Vietnam has been a difficult problem to solve for many years. A good article just published in a certain newspaper will immediately be copied in its entirety. If a newspaper has a lock on its special articles and only provides them to paying readers, it is also difficult, because a website that aggregates information only needs to spend a little money to read and ” collage”, then this information will no longer be “poisonous”. Because of these reasons, it is understandable that the trend of charging readers to read e-newspapers in Vietnam is prone to failure right from the start. Collecting money from online readers in Vietnam is very difficult nowadays, but if they want to change the revenue structure, press agencies have to start working. The most important thing is to protect copyright, not to let a good article be cut and pasted by dozens of other websites on your site comfortably. The locking of articles and invitations to buy online newspapers need to be carried out simultaneously in many newspapers to create a positive effect. In 2019, Vietnam’s online advertising revenue was estimated at 648 million USD, of which Facebook accounted for 275 million USD, Google 174.9 million USD, domestic units accounted for only 180.9 million USD.

It is expected that Penguin Random House will complete the acquisition of Simon & Schuster in the second quarter; HarperCollins completed the purchase of Houghton Mifflin Harcourt’s commercial division on June 30. Illustration: Finance images. Houghton Mifflin Harcourt Books & Media posted $42.7 million in revenue for the first quarter, up 12% year-over-year. Currently, Houghton Mifflin Harcourt has closed its New York office pending the completion of the sale. For its part, HarperCollins posted a 45% increase in profits in the first quarter, with revenue up 19% from the first three months of 2020. Revenue came in at $490 million, while EBITDA hit $80 million. Susan Panuccio, chief financial officer of News Corp (parent company of HarperCollins), said the increase in sales was driven by the general commercial and children’s books industry in the US and UK. Panuccio revealed that printed books accounted for 62% of sales in the quarter. In terms of format, sales of e-books increased by 38% and audiobooks increased by 42%. In a short financial update, Bertelsmann (the parent company of Penguin Random House) said that Penguin Random House was one of several divisions of the company that posted double-digit growth in the first quarter compared to the same period of 2020. Simon & Schuster is currently decommissioned, pending acquisition completion. Simon & Schuster’s parent company, Viacom CBS, had $185 million in revenue, up 8.8% from the first quarter of 2020. Jonathan Karp – CEO of Viacom CBS – reported that the biggest increase came from the international division. publisher economy, where revenue increased 21%. In which, sales of audio books increased sharply (17%). Some outstanding books in 2020. Photo: Nytimes. Hachette Book Group is one of the 5 largest trade publishers in the US. In the first quarter, Hachette’s revenue grew 9.1% year-on-year. Michael Pietsch, Hachette CEO, said the increase was driven by sales of hardcover books. Hachette’s distribution business, he noted, has seen double-digit growth. Hachette’s total revenue reached 509 million euros (about 619 million dollars). In addition to the increase in book sales in the US, Hachette’s sales also increased in France and the UK, offsetting declines in the Spanish and Latin American markets. Hachette’s digital books performed well in the first quarter, but e-books only accounted for 9% of total sales. The share of audiobook sales fell to 4.6% from 5.9% in the first three months of 2020. Despite the growth compared to 2020, US publishing units are cautious about developments in the coming time. As more professions reopen, consumers have more options besides reading.

Toyota and Honda from Japan, Volkswagen, BMW and other automakers from Germany are currently world-class automakers. Of course, the wealth-making ability of these car companies is quite good. It is now the second quarter of 2021. Naturally, the relevant performance report for 2020 has been successfully released. It can be seen that the future development trend is still new energy vehicles. The data is real, and in the 2021 global rich list, Musk’s worth has successfully reached the top of the world’s richest man, and also the richest man with the largest increase in global wealth last year. Of course, the biggest contribution is Tesla Motors. Of course, the comprehensive strength of some domestic new energy automobile manufacturers is also very good, such as Weilai Automobile and Xiaopeng Automobile. Moreover, in the global market value rankings of auto companies, China’s auto companies can be said to have won a big victory, occupying 9 seats in the top 20. In addition to the two automakers mentioned above, BYD, Great Auto, Geely, SAIC Group, GAC Group and Ideal Automobile are all on the list. There are new energy car manufacturers and some traditional car manufacturers. Of course, because the future development trend of the automobile market is new energy vehicles, the market value of Weilai, Xiaopeng, Ideal Auto, etc. are also rising all the way, of course, it is inseparable from capital support. Especially NIO, whose market value has reached more than 80 billion U.S. dollars, this result is quite outstanding. However, the current domestic new energy vehicle industry giant is BYD Auto. The current market value is as high as 484.7 billion yuan, ranking first in the industry. Of course, BYD has also received investment from Buffett, which shows that BYD Auto is very successful. In 2020, BYD Auto’s revenue reached 156.6 billion yuan, and its net profit increased by 4.23 billion yuan. This result is already excellent enough. After all, it experienced a relatively difficult period of time last year. However, the most profitable domestic car company is not BYD Auto. It is China FAW Group. In 2020, its revenue will reach 700 billion yuan, and its net profit will be as high as 46.7 billion yuan, which is equivalent to 10 times that of BYD Auto. In other words, FAW Group can earn 127 million yuan every day. Among them, the revenue of FAW Jiefang heavy trucks is relatively high, reaching 113.7 billion yuan, and the profit is as high as 3.5 billion yuan. It can be said that the performance is very important. Moreover, the sales volume of FAW Jiefang heavy trucks has ranked first in the country for five consecutive years. Of course, FAW Group’s profits are due to joint ventures, and FAW Audi has contributed the most. Of course, domestic companies still need to improve their competitiveness. At present, many domestic companies have shown strong competitiveness, and it is hoped that these car companies can create better results.

In addition to the two companies above, tech giants including Amazon, Facebook and Apple will also be subject to a tax called “Google tax”. Accordingly, large technology companies will have to pay a certain amount of corporate tax, although there is no specific number for this tax. “The government will have grounds to tax them if a deal is reached. At the moment, everything is still incomplete,” an official from the Korean Ministry of Finance said on June 1. The move is part of a global wave to tax lucrative businesses based on the country that generates their revenue, not the country where they are headquartered. Many tech heavyweights around the world have long tended to set up headquarters in countries with low tax rates in order to reduce or avoid paying taxes. Meanwhile, the profits they earn come from all over the world through online business activities that are not limited to a specific country. The OECD’s plan is said to detail ways to modify the tax regimes of member countries, in light of the rapid transformation of digital business. It also seeks to address the problem of tax base erosion and profit shifting (BEPS), combating strategies that exploit loopholes or inconsistencies in tax rules to shift profits to areas where they are not. collect or have a low tax rate. Another point of contention in the plan this time around is the push to amend the law on a permanent establishment, or a fixed place of business that generates income and a value-added tax liability in a jurisdiction. Specifically. This also includes establishing a global minimum corporate tax rate. According to the Financial Supervisory Service’s electronic disclosure system, Google Korea said that on April 14, it recorded a revenue of 220.1 billion won (equivalent to 198 million USD), up about 3.6% from a year earlier. Google’s operating profit was 15.5 billion won, up 53.4% ​​year-on-year. Net profit for the same period was 6.2 billion won, up 741.2 percent. These numbers stand in sharp contrast to tech companies in Korea such as Naver and Kakao. According to the report, the annual sales of these two companies are 5.3 trillion won and 4.1 trillion won respectively. The staggering difference is the result of Google Play Store revenue being recognized as revenue by Google Asia Pacific, which is headquartered in Singapore, not Google Korea. Industry observers also estimate Google Korea’s domestic sales to be between 5 trillion won and 6 trillion won. According to the Mobile Internet Business Association, in the group of IT and telecommunications businesses, Google Play’s sales in 2019 in the country are estimated at about 5.7 trillion won. Just as fast as Google is Facebook Korea. According to FSS data, the business recorded sales of 44.2 billion won and operating profit of 11.7 billion won last year. Facebook’s sales in South Korea grew 10.3% from 40.1 billion won in 2019, and business profits are reported to have increased six-fold year-on-year. The company’s net profit also reached 6.3 billion won, up 33 times from 190 million won in 2019, thanks to a surge in advertising revenue from Instagram. Chang Pang Hyo, head of the IT Committee at the Citizens Coalition for Economic Justice, said the US tech giants actually exist in the virtual world, and their activities cannot be determined if based only on the tax code in the branch location “Calls are growing to amend the laws to come up with a clear statement that companies are taxed where their customers use their services, not where they are located. headquarters,” he said. Thuong Hai According to Korea Times

Greece has deployed a vaccine against Covid-19 and hopes to vaccinate most of its people by the end of June. (Source: Travel Blog) After months of lockdown, Greece this week will also reopen its museums, including the Acropolis museum, which displays famous sculptures from Greek antiquity. After officially reopening, foreign tourists will be allowed to visit Greece if they have had the Covid-19 vaccine or tested negative for Covid-19. Travel between regions, including islands, will also be allowed for those who test negative or have had a Covid-19 vaccine. Greece has deployed a vaccine against Covid-19 and hopes to vaccinate most of its people by the end of June. The Greek government said that with the implementation of Covid-19 vaccination and rapid testing as well as warmer weather for outdoor activities, tourists can travel and relax safely in the land. this country. In the context of the Covid-19 pandemic causing international tourism to slow down in 2020, the Greek tourism industry experienced its worst year ever, receiving only 7 million visitors compared to a record number. record 33 million visitors in 2019. Tourism revenue fell to 4 billion euros ($4.9 billion) in 2020, from 18 billion euros in 2019. Greece aims to recover this year’s tourism industry and reach 40% of 2019. (according to Reuters)

Online advertising will be crowned From June 1, Decree 38 on sanctioning of administrative violations in the field of culture and advertising will officially take effect. However, a few days ago, the Vietnam Advertising Association in its petition pointed out a number of shortcomings in this new Decree, which is the sanctioning regulation “Waiting time to turn off or open ads is not fixed area exceeding 1.5 seconds” and “Design and layout advertising mixed with news content”. 80% OF CAKES ARE INTO FACEBOOK, GOOGLE BAGS According to the analysis in the petition of the Vietnam Advertising Association signed by Standing Vice Chairman of the Association Nguyen Truong Son as well as shared by businesses in the industry, the regulations on “Waiting time to turn off or open advertising reports that do not stay in a fixed area beyond 1.5 seconds” is unrealistic, too short to be able to convey the message. Compared with cross-border advertising platforms, the current interface allows viewers to skip ads in as little as 5 seconds. Sharing with VnEconomy, an expert in the field of advertising said that, in theory, businesses will spend advertising money on channels that have many viewers, and bring high efficiency. So when advertising in any channel is difficult, businesses will look to another channel… According to the report Vietnam Digital Marketing Trends 2021, the size of the online advertising market in Vietnam in 2020 is estimated at 820 million USD. It is forecasted that in 2021, this revenue will reach about 955 million USD. In which, up to 80% of the “piece of cake” of revenue goes to Google, Facebook … In the context of industrial revolution 4.0, online advertising is increasingly popular. Leading in terms of market share, online advertising sales in Vietnam are currently cross-border platforms Facebook and Google. And with the above regulation, this expert said that in the coming time, not only 80% of advertising money will flow into the pockets of “giants” but even more. Although the state encourages brands to advertise in Vietnamese newspapers, with such tightening regulations, businesses and brands will have to turn to advertising on cross-border platforms such as Facebook, YouTube… Thus, if advertising in the press of domestic enterprises is being tightened by the strict regulations of this Decree, cross-border advertising enterprises are naturally benefited by the standard , their operating principles as well as we have not been able to handle the violations of these platforms when they are not based in Vietnam. This has created an unequal competition between domestic advertising enterprises/press agencies and cross-border advertising networks… A representative of the Vietnam Advertising Association said that this will certainly affect the revenue of electronic press agencies that mainly rely on advertising. If the advertisement is published on electronic newspapers for only 1.5 seconds and is not inserted into the content, then no business wants to advertise because it will not be effective. Mr. Nguyen Quang Nhat, Chairman of Ho Chi Minh City Outdoor Advertising Club shared, the number of advertising businesses and agencies in Vietnam is quite large, but in fact, collecting 10 dong, they had to spend 7 dong on Google and Facebook. Advertising funding for news agencies will be increasingly difficult. According to a business with more than a decade of experience in online advertising, the press is currently caught between the problem of charging readers and users and collecting advertising fees. Since there are no user fees, newspapers can only charge from advertising activities. In the advertising fee collection there are a number of formats and if specified to only 1.5 seconds is too short, lacks factual basis and needs to be studied to extend the time. Currently, advertising platforms on OTT like YouTube are usually 5-6 seconds and have a warning to users that they can/will be off after how many seconds… KEY KEYS NEED TO CORRECT ADVERTISING LAW International practice, with free press similar to Vietnam, advertising is allowed to be interspersed with news/article content and customized based on the audience reading the newspaper. Readers have the right to click to view or skip the advertising content. The act of “Designing and arranging advertisements mixed with news content” is one of the administrative violations to be handled. Although this regulation is aimed at protecting the interests of readers, it is not fair in ensuring the rights of individuals/organizations purchasing advertising services as well as businesses providing advertising services. The tools to reach customers through mainstream media products are narrowed, causing obstacles and difficulties for the advertising industry. According to businesses, this new regulation will help readers have a cleaner online newspaper space, no longer bothered by ads. This Decree will prevent the phenomenon of many news sites abusing the form of contextual advertising, confusing readers as well as consumers. In the coming time, these regulations will also become obsolete because the trend of online advertising will take the throne with many different forms of attracting attention; application of technology platforms, cross-border Internet platforms. Therefore, it will become increasingly difficult for the press to call for advertising as advertising will flow into other applications. This business thinks that, with pages that have too many ads and are annoying, it is easy for bored readers to leave and not re-enter. A newspaper without readers cannot call for advertising and hardly survive. Newspapers themselves will have to adjust this issue accordingly and especially improve the quality of information content. Advertising and content must always be tied together. If the information is not good, the number of viewers is small, the advertising is no longer available, the press will have a hard time surviving and vice versa. However, even newspapers that invest in quality articles and respect their readers, with this advertising regulation, will still violate… In fact, the waiting time to turn off or open ads in a fixed area does not exceed 1.5 seconds, which is specified in the Law on Advertising, the implementing Decree and is now repeated. But because it is unreasonable, in the past 10 years, no unit has been fined under this regulation. However, according to Mr. Son, when Decree 38 was issued, we understand that the government is very interested in this, focusing on discipline, all citizens must obey the law, from June 1 onwards. All parties must strictly comply and violations will be punished. To overcome the above shortcomings, a representative of the Vietnam Advertising Association said that Decree 38 is a sub-law document, so it is impossible to violate the law. Therefore, the most important thing is to petition the Government to submit to the National Assembly to amend the Law on Advertising.

Dell posted record revenue of $24.5 billion in the first quarter. Photo: Dell According to the latest report, the company achieved sales of $24.5 billion, up 12% year-on-year. This figure is higher than the forecast of financial analysts of 23.4 billion USD. Product revenue was $18 billion, up 12%, service revenue was $6.5 billion, up 10%. In that, non-GAAP earnings of $2.13 per share, higher than the prediction of $1.61. On that basis, Dell earned $1.13 per share, operating income of $1.4 billion, up 96%. Gross margin was unchanged from a year ago, at 31%. Dell said cash flow from operations over the past 12 months hit a record $14.4 billion. In revenue from its businesses, Dell recorded a 20% increase in the PC business of $13.3 billion, while orders for Alienware gaming laptops increased by 76%. Group operating income was $1.1 billion, up 84%, consumer revenue grew 42%, commercial customer revenue grew 14%. Infrastructure Solutions had $7.9 billion in revenue, up 5%. Server and network revenue was $4.1 billion, up 9%, while storage revenue was $3.8 billion. The VMware business brought in total revenue of $2.99 ​​billion, up 9% year over year. Dell and VMware will continue their strategic relationship as Dell transferred 81% of shares to Dell Technologies shareholders last month in the fourth quarter of 2021. Jeff Clarke, CEO of Dell, said there has been a significant acceleration in digital transformation globally, and it shows in Dell’s business numbers. Technology has become increasingly central to the global economy and society. Dell sees opportunities ahead and for the future using the data Dell is creating. However, the Covid-19 pandemic is a problem that affects the global supply chain of Dell and other technology companies, causing difficulties for the information technology industry today. Shortages of semiconductors, supply for displays, memory, and graphics chips are also the reasons why orders like PCs are affected this year and into the next.

Xiaomi “integrated” fashion and technology in the launch event of Mi 11 lite and Mi 11 lite 5G in Vietnam in mid-April. Xiaomi (stock code: 1810) has just announced the unaudited consolidated results of the first three months of the year to March 31, 2021. In the first quarter of 2021, total adjusted revenue and net profit exceeded market expectations. In which, total revenue in the period reached 76.9 billion yuan, up 54.7% over the same period last year, while adjusted net profit reached 6.1 billion yuan, up 163.8 percent over the same period last year. last. Regarding the smartphone business, this quarter continued to record a remarkable growth rate. Smartphone sales reached 51.5 billion yuan, up 69.8% year-on-year. Global smartphone shipments in the period reached 49.4 million units and gross profit margin reached 12.9%. According to Canalys, Xiaomi continues to hold the third position in terms of smartphone shipments, accounting for 14.1% of the global market share. Notably, the premium smartphone portfolio is increasingly diversified, contributing to Xiaomi’s strong growth in this segment. In the first quarter of the year, Xiaomi shipped more than 4 million phones priced over 3,000 yuan in China and over 300 euros in international markets. In addition, third-party data shows that Xiaomi accounted for 16.1% of the market share of smartphones priced between 4,000 yuan and 6,000 yuan in China in the first quarter of 2021, far ahead of 5.5% in the first quarter of 2020. Meanwhile, Xiaomi’s core strategy of “Smartphone x AIoT” continues to underpin outstanding performance. IoT and lifestyle products saw strong business performance with revenue up 40.5% year-on-year to 18.2 billion yuan. Also in this quarter, the number of Xiaomi smart TVs sold reached 2.6 million units. According to All View Cloud (AVC), the number of TVs shipped ranked first in China for nine consecutive quarters and was always in the top five globally. In particular, widescreen smart TVs are well received by the market. AVC said that Xiaomi and Redmi TVs continue to take the No. 1 position in retail sales in the 70-inch TV segment in China with 29% market share, retail sales increased by more than 160% over the same period. last year. The group’s IoT and lifestyle product segment is also following a hot growth trajectory in the international market. Revenue from IoT and lifestyle products in overseas markets increased by 81.1% over the same period last year. The products of electric vehicles, air conditioners, Mi Box receivers … of Xiaomi have penetrated widely into families. Xiaomi is increasingly expanding its AIoT platform. As of March 31, 2021, the number of IoT connected devices (excluding smartphones and laptops) on the AIoT platform has reached 351.1 million units. The number of consumers owning at least 5 devices connected to the AIoT platform (excluding smartphones and laptops) reached 6.8 million, up 48.9% over the same period last year. In March 2021, Xiaomi’s AI Assistant had 93.0 million monthly users, while the number of monthly Mi Home software users reached 49.2 million, up 22.8% year-on-year. The Group’s Internet services segment continued to grow steadily with revenue increasing 11.4% year-on-year to 6.6 billion yuan in the first quarter of 2021. Gross profit margin of the services segment Internet reached 72.4%. Advertising revenue hit a quarterly record of 3.9 billion yuan, up 46.3% year-on-year. Also in the first quarter of 2021, Xiaomi’s revenue from overseas markets increased by 50.6% year-on-year to 37.4 billion yuan. According to Canalys, Xiaomi’s market share in the first quarter was in the Top 5 smartphone companies in terms of number of shipments in 62 countries and territories globally, in particular, taking the No. 1 position in 12 countries and regions. earth. Xiaomi has positioned itself to compete in key markets. According to Canalys, this quarter Xiaomi entered the Top 2 smartphone companies for the first time in Europe, with smartphone shipments increasing by 85.1% year-on-year and 22.7% market share. Notably, Xiaomi has held the No. 1 throne in Eastern Europe for 2 consecutive quarters, with smartphone shipments increasing by 81.8% over the same period last year, accounting for 32.5% of the market share. The group was also ranked 1st in Russia for the first time with 32.1% market share. Xiaomi still maintains the 3rd position in Western Europe with market share increasing to 16.6%, after smartphone shipments increased by 89.3% over the same period last year. The group ranked No. 1 in Spain for 5 consecutive quarters, achieving 35.1% market share. Also, promoted to No. 2 in Italy; 3 in Germany and France, and broke into the top 5 for the first time in the UK, all with over 90% growth in phone shipments compared to the same period last year. Most impressively, Xiaomi maintained the No. 1 position for 14 consecutive quarters in India, capturing 28.3% of the market share. The group is on a strong growth path when conquering new markets…

Asia-Pacific countries are expected to reach $2 trillion in e-commerce revenue by 2025. (Source: 4S) The region is projected to witness the highest retail sales growth during 2020-2025, after Latin America. In the official report “Top 100 Retailers in Asia 2021”, Euromonitor International examines how Asia-Pacific’s world-class mobile connectivity enables digital transformation and is supported supported by the region’s extremely tech-savvy consumer segments. According to a statement, last year, businesses that received online orders recorded a growth of 37.6% and will reach 44% by 2025. As retail becomes more competitive to stay relevant in the digital space, localize shopping to individual markets, and personalize the retail experience for retailers. Different customer segments in Asia-Pacific will be essential. Euromonitor International senior research analyst Deepika Chandrasekar said: “As consumers connect and shop online more than ever before, more and more brands are expected to use social media to interact with them. and build trust with consumers beyond acting as a retailer.” (according to Euro Monitor)

A study says that the customer’s impression of a dish begins with the menu in hand. The heavy menu leads us to believe that the service in the restaurant would be better. So, when holding a leather menu with good paper, don’t let it be fooled. In fact, the menu has nothing to do with the quality of the food or the service of the restaurant. The name can also make certain dishes 23% more popular. Research shows that catchy names increase the number of people choosing a dish. The color on the menu of the restaurant also has a great influence on the psychology of customers. Places that want to highlight the freshness of the food will give visitors a blue menu. In particular, experts say that people ordering from a multi-black menu are likely to be suspicious of the establishment and have little confidence in what they’re ordering. The font on the menu also affects the way the food is perceived. Guests who read the menu in italics have the mentality that the restaurant is high class with top service. Many studies show that detailed and attractive descriptions of dishes can help restaurants increase sales by up to 27%. Many restaurants only list the prices of menu items with numbers but do not state their currency. This trick is used to distract diners from worrying about how much they have to pay for their meal. Restaurants will print images of expensive and eye-catching dishes on their menus to stimulate diners’ curiosity and appetite. Image source: Getty Image, Brightside Video: What criteria do restaurants in Europe choose rice according to? Source: VTV24

Vietnam is one of the fastest growing telecommunications markets in the region and the world in recent years. According to the General Statistics Office, at the end of 2005, Vietnam had only 15.8 million telephone subscribers, including 8.7 million mobile phone subscribers and 7.1 million landline phone subscribers and 210,000 telephone subscribers. cover the Internet. But only 5 years later, the whole country had 125.9 million phone subscribers, nearly 8 times more. In which, there are 111.5 million mobile phone subscribers, 12.8 times higher and 14.4 million landline phone subscribers, 2 times higher. The number of Internet subscribers increased rapidly during this period with 3.7 million fixed broadband Internet subscribers, 17 times higher than 2005. But after that, the number of phone subscribers decreased gradually, the biggest decrease was fixed phones. In the period 2012 – 2015, the number of telephone subscribers achieved an average growth of 0.5%/year, of which the number of mobile phone subscribers increased by 2.1%/year and fixed subscribers decreased by 17.7%/year. year. In contrast, the number of fixed broadband Internet subscribers is still growing quite high, an average of nearly 16% per year, reaching 7.7 million subscribers in 2015. However, in recent years, the telecommunications market is facing saturation of traditional telecommunications services. The number of landline phone subscribers tends to decrease sharply. By the end of 2020, there were only 3.2 million subscribers, down 41% compared to the same period in 2015 and down 78% compared to the same period in 2010. The operation of the fixed telephone service segment is currently only in moderation, mainly serving agencies, government organizations and businesses. For mobile phone subscribers, by the end of 2020, the whole country has 123.6 million subscribers, which is only close to the number of subscribers in 2015. In addition to the recent decrease in demand, there are also mobile phone operators. The network handles garbage SIM according to the regulations of the Ministry of Information and Communications. The number of broadband Internet subscribers continued to maintain a high growth rate for many years when at the end of last year, there were 16.7 million subscribers, 2.2 times higher than in 2015, an average annual increase of 16.9%. The growth rate of the telecommunications market is also reflected in the revenue figures, whereby telecommunications revenue in 2010 reached 177.8 trillion VND, maintaining the growth rate of over 40% in previous years. By the period 2011 – 2015, post and telecommunications revenue continued to maintain a fairly high growth rate, increasing by nearly 60% in 2015 compared to 2010, increasing by nearly 10% on average per year. In the period of 2016 – 2018, telecommunications revenue maintained a fairly high increase of nearly 8% compared to the previous year, but by 2019 only increased by 2.6%. Particularly in 2020 due to the impact of the Covid-19 epidemic, telecommunications revenue dropped sharply by 13.6%, reaching only VND 315,200 billion. The telecommunications market share is quite fiercely competitive by optimizing value-added services on the number of existing subscribers. In addition, revenue from traditional telecommunications services is also greatly influenced by the popularity of free calling and messaging OTT applications. Decision No. 749/QD-TTg dated June 3, 2020 of the Prime Minister approving the “National Digital Transformation Program to 2025, with orientation to 2030” has made Vietnam one of the The first country in the world to issue a program on National Digital Transformation, which is a favorable condition for businesses to actively exploit the opportunities brought by the technological revolution. With the goal of “Vietnam belongs to the group of 70 leading countries in e-Government (EGDI)”; “Digital economy accounts for 20% of GDP”; “The fiber optic broadband network infrastructure covers over 80% of households, 100% of communes” and “Universal 4G/5G mobile network services and smart phones”, telecommunications businesses, digital businesses there is a lot of room for growth.

Illustration. Source: Internet. Under the impact of the pandemic, Vietnam’s e-commerce market has grown rapidly with a growth rate of 18%, reaching US$11.8 billion. Among them, e-commerce and digital payments are booming with an increasing number of users. However, there has not been much breakthrough in the value of digital payments due to consumer confidence and spending considerations amid the crisis. It is estimated that with the expected recovery of the economy after the pandemic, the value of digital payments will increase by 30% to reach $15 billion this year. According to Appota, in 2020, 121 startups have been providing fintech services. The number of digital payment startups accounted for 31%, more than twice that of peer-to-peer lending companies (16%). As of September 2020, Momo reached 20 million users, becoming the most used payment platform in Vietnam. Meanwhile, intermediary payment service provider VNPay has become the second unicorn startup and one of 12 companies in Southeast Asia valued at $1 billion. Obviously, the digital payments market is very potential but also highly competitive. Due to the implementation of social distancing measures, more and more people are staying at home and using mobile apps online. Short-form video application TikTok has reached 16 million downloads in Vietnam, becoming the latest entertainment trend of users. The market segment is expected to be more active in 2021 with the expansion of Instagram and Youtube. Meanwhile, the online games segment also recorded dizzying growth with 40% growth in revenue, new game downloads and releases reaching $205 million in 2021.

Facebook logo at headquarters in Menlo Park, California, USA. Photo: AFP/VNA According to the Vietnam News Agency correspondent in Sydney, data from the Australian Securities and Investments Commission shows that in the 2020 financial year, Facebook has overcome the worst effects of the recession caused by the COVID-19 pandemic and made a profit. Total advertising revenue in “Kangaroo country” was AUD 712.7 million (equivalent to USD 570 million), up from AUD 674 million in 2019. However, Facebook paid $559 million to an overseas subsidiary for ad inventory-related content, bringing the company’s net revenue to just $155.3 million. As a result, Facebook’s pre-tax profit was AUD 37.9 million, and with this profit, the company paid AUD 20 million (USD 16 million) in taxes, compared with AUD 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company paid income tax in Australia at rates above 30% under local tax law. While tech giants Facebook and Google both recorded growth in 2020 in Australia, many local media outlets have had to cut costs and in some cases cut jobs due to business reasons. Advertising revenue dropped by 30%. Facebook is currently actively negotiating with several Australian media companies about paying for their news content to appear on the social network’s Newsfeed feature. So far, Facebook has officially signed contracts with two major media agencies, Seven West Media and News Corp, and according to some sources, will sign a formal agreement with Nine Entertainment Co within the next two weeks. Meanwhile, negotiations with Guardian Australia and national broadcaster ABC are still ongoing.

Yangtze Memory Technologies Co (YMTC) factory in Wuhan, China. (Source: Nikkei Asian) Rise of the chip manufacturing business Once a month, senior executives from Yangtze Memory Technologies Co (YMTC) fly to Beijing for a series of meetings with China’s top economic regulators. They focused on the company’s efforts in developing some of the world’s most advanced computer memory chips. Headquartered in downtown Wuhan, YMTC is considered a pioneer in efforts to create the domestic semiconductor industry. YMTC has mass-produced state-of-the-art 64-layer and 128-layer NAND flash memory chips, which are used in almost every electronic device from smartphones to servers to cars. These things help YMTC compete with big players in the industry such as Micron Technology of the US or Samsung Electronics of Korea. Equipment used to make high-end computer chips is mostly imported in the US. Some chip design and manufacturing processes such as etching, ion implantation, electrochemical deposition, design software… are all in the hands of American companies. To manufacture without using American technology is a big challenge for a new company that has been operating since 2016 like YMTC and also represents China’s great ambition in the field of semiconductor industry development. especially after the economic sanctions that the US imposed on China. However, the dizzying rise of YMTC has shown China’s strength in the chip industry. The business started in 2016 and within four years has mass-produced some of the most advanced 3D NAND flash memory chips in the world. The Beijing government also recognizes the importance of developing the semiconductor industry and makes efforts to support these companies. “Competition for chips is increasing as all major economies, not just China, have realized the importance of chips,” said Roger Sheng, a chip analyst at consulting firm Gartner. Semiconductors”. Currently, YMTC, is still in the “target” of the US government. But under the guidance of the Beijing government, they have conducted a review of the supply chain, looking for local component suppliers, or non-US suppliers, to gradually eliminate the country’s dependence on technology. Based in the city of Wuhan, YMTC’s efforts did not stop even when the SARS-CoV-2 virus causing the Covid-19 pandemic wreaked havoc last spring. According to sources familiar with the matter, after Wuhan reopened in April 2021, YMTC mobilized hundreds of engineers stationed inside the production campus, working three shifts a day with the aim of overhauling all production processes and replace as many foreign imported components as possible. Efforts to localize production The effort to localize chip production is an opportunity for a new generation of Chinese chipmakers like YMTC. Chinese President Xi Jinping said in remarks published in January 2021: “We must strengthen self-innovation and make breakthroughs in some core technologies as soon as possible.” According to the Nikkei Asian , plans to end dependence on the US have long been carried out by China and massively invested by the state, but progress is still very slow. For example, the plan to self-produce semiconductors has a target of 70% by 2025. But of the total revenue in 2020, China’s semiconductor manufacturing enterprises account for only 5.9% of sales. domestic products, while foreign companies with headquarters in China account for the rest of sales in the country. According to the Magazine China Stocks , while the threat of sanctions from the US has always lingered, the source of state aid, with subsidies and investments from local governments and the private sector has amounted to at least 170 billion USD since Since 2014 has helped chip manufacturing enterprises to localize production efforts. In addition, orders from domestic technology giants such as Xiaomi, Oppo, Vivo and Lenovo are also the reason their production is guaranteed. The US sanctions are a wake-up call for China’s semiconductor industry. (Source: Nikkei Asian) In fact, the trade war with the US and its sanctions against technology giant Huawei have given the Chinese government an opportunity to decouple from the world’s largest economy. – something they’ve always wanted. The US sanctions seem to have removed the main obstacle for domestic consumers, who always prefer to use chips from foreign suppliers. The manager of a chip maker in China told the site Nikkei Asian : “In the past, domestic chipmakers used only the manufacturing equipment that all the world’s leading chipmakers such as Samsung and Intel use in their production lines. Who wants to use and try new products without being sure of the quality of the production?” However, when sanctions from the US appeared, Chinese manufacturers considered alternatives, and domestically produced chip products were a reasonable choice. The manager emphasized: “It also means that domestic enterprises have really had the opportunity to test and upgrade their products – the goal that the whole country is aiming for.” Roger Sheng, a semiconductor analyst at Research Gartner, found that the US-China tensions confirmed the view that it was necessary to localize production. Now, the whole country agrees that building a semiconductor industry is possible and increasing self-reliance is a top priority. Unbreakable bond? Despite China’s considerable efforts, not many experts believe that the country’s chip sector will be completely separate from the US. The world’s two largest economies are still linked, dependent on each other and also two large semiconductor markets. According to a January report by the Brookings Institution, Chinese businesses account for at least 25% of the sales of most US chip businesses, and not everyone wants to break out of the market altogether. Chad Bown, an expert at the Peterson Institute for International Economics, said the US President Joe Biden’s approach to China was still unclear. On the one hand, the US expects China to buy more chips as promised in recent trade talks but also continues to restrict China’s use of US technologies. Since 2018 to date, a total of 162 Chinese entities have been sanctioned by the Trump Administration. In April 2021, the US Department of Commerce also added seven Chinese “supercomputer” entities to the economic blacklist, to restrict these businesses from using US technology. In reality, it is still difficult to completely decouple the supply of semiconductors, which involve thousands of suppliers from around the world and have been closely intertwined for decades. China may try to reduce its dependence on the United States, but without American sources of technology, it is unlikely to accelerate its technological progress. But Miin Wu, founder and president of Macronix International, a leading memory chip maker in Taiwan (China) that serves Apple, Sony and Nintendo, stressed: “In the short term, due to geopolitical uncertainties China’s technological development may be slowed down. However, in the long run, China will certainly hope to build a competitive semiconductor industry.” (according to Nikkei Asia)

Mr. Le Duy Minh, Director of Ho Chi Minh City Tax Department According to Mr. Le Duy Minh, Head of Tax Department of Ho Chi Minh City, in order to control and manage taxes, their technology platform and business programs and software must be located in Vietnam and be managed by authorities. physical. Currently, the Ho Chi Minh City Tax Department can only verify from the bank account the revenues and expenditures of these units, that is only working at the “top”, but not yet able to do the “original part”. The City Tax Department is proposing to the Ministry of Industry and Trade to support this issue. “All these transactions, the Ministry of Industry and Trade, have to support the City Tax Department to be able to penetrate their system. We must have solutions and software to track online purchases and sales to be able to strictly manage them. I now just stop at the level of verifying that their accounts are opened in Vietnam, how they collect and spend taxes on that basis ”, said Mr. Le Duy Minh.

If the decline in performance in 2020 is caused by the epidemic, it is a bit confusing that its performance in the first quarter of 2021 is still declining when the performance base for the first quarter of 2020 is already low enough. On the day after the results were announced, 360’s stock price also gapped and opened lower, eventually closing down 5.65%, and the stock price hit a new low since its successful backdoor listing. As one of the Internet giants in the past, the 360 ​​in the mobile Internet era is clearly unaccustomed. In terms of operations, since 2016, 360 has repeatedly missed the vent, and finally defeated in the mobile Internet era; in the capital market, its stock price has continued to fall in the past three and a half years, and now its stock price is only at its peak. About 20% of the total, participating investors suffered heavy losses; in terms of word of mouth, 360 has also become the spokesperson of the bundled installation of “Family Bucket” from the eulogized Internet changer in the past. What happened to the former cybersecurity leader? The performance dropped again and again, the stock price has plummeted 79% in three and a half years “I thought that the performance of the first quarter of 2020 was already the worst, but I did not expect the performance of the first quarter of 2021 to be worse!” This is a message from an investor in the stock bar after the announcement of the 360 ​​results yesterday. On April 21, 360 announced its 2020 annual report and quarterly report for the first quarter of 2021.In addition to the unsuspecting performance decline in 2020, what people did not expect is that with the performance of the first quarter of 2020 already such a low base, the performance of three or six zero in the first quarter of 2021 will actually be stolen. Regarding the reasons for the decline in the first quarter of 2021, as it was not stated in the first quarter report, we dare not guess. However, judging from the data in recent quarters, its performance is not very good. Since the best single-quarter performance was achieved in the second quarter of 2019, in the next seven quarters, the net profit growth rate in five quarters of 360 and 60 was negative, and the trend of performance decline was quite obvious. Under the influence of the performance, the share price of 360 has also been “declining steadily” and has continued to decline since the beginning of 2018.Today, its stock price is only 13.18 yuan, which has fallen by 79.12% from the high point on February 28, 2018, and its market value has evaporated by 380 billion yuan. Transformation attempts continue, but advertising is still inseparable Recently, there has been news on the Internet that the 360 ​​may try the auto business. According to a report from the AI ​​Finance and Economics Agency, on the opening day of the 2021 Shanghai International Auto Show, the founder of 360 Company, Hongt Zhou, appeared at the Nezha Auto booth and plans to cooperate with Nezha Auto to build cars; however, the 360 ​​will soon make a move. In response, he said that he had no comment on the news of the car. According to previous media reports, 360 has been planning to build a car for some time, and will put the car building on the agenda in early 2020. Currently, the project team has about 10 people. An insider of Nezha Automobile revealed that the two sides have been in contact for two months. Zhou Hongt once took his team to the Nezha Automobile Factory to investigate and experience Nezha automobile products. Of course, these are all market rumors. As for whether 360 will end up building cars in the future, we don’t know. However, many Internet companies such as Huawei, Xiaomi, Baidu and others have participated in this car war. In fact, it is not surprising that the next car is built. In fact, this is not the first time Three Six Zero has tried to develop a new business. From cooperating with Coolpad and LeTV to develop mobile phone business in 2016, then transforming to make games in 2018, and then transforming to bet on government-enterprise network security business in 2020, although there are no good results in the end, it is not difficult to see that in fact, in recent years Over the past few years, 360 has been trying to transform. However, as of December 2020, although there have been many attempts and bets on the security of the transformation of government and enterprises in 2020, the most profitable business of 360 is still in “advertising.” According to the analysis of the main business composition, for the whole year of 2020, 360’s advertising revenue will be 7.512 billion, accounting for 64.68% of the total revenue, and the profit ratio will reach 72.69%; followed by smart hardware and the Internet. Value-added services, revenues were 2.142 billion and 1.134 billion, accounting for 18.44% and 9.77% of revenue, and 5.43% and 13.44% of profit. And its government-enterprise network security business that it wants to transform bets has revenue of only 808 million, accounting for only 6.96% of 2020 revenue. Poor reputation, it’s a bit difficult for 360 to break the game In addition to declining performance, plummeting stock prices, and frequent failures in transformation, there is also the issue of its reputation. At this year’s 3.15 party, CCTV exposed 360 Search’s illegal placement of false medical advertisements. In the screenshots exposed by CCTV, a 360 search platform was used to search for Chengdu Second People’s Hospital for short “City Second Hospital”. The results were all advertisements for other hospitals including Chengdu Zongnan Hospital. In fact, this is not the first time that 360 has had a word-of-mouth problem. In recent years, with the development of Internet technology, the network environment has become more and more secure, and the 360, which has network security business as its core, has undoubtedly been hit hard. As security protection software is used less and less frequently, 360’s presence is getting lower and lower, but once the 360’s software is installed, it will continue to pop up advertisements, which arouses users’ disgust; , Many netizens even jokingly called him “the spokesperson of the whole family bucket”: once the 360 ​​software is installed, a lot of software will be bound to it, and it is easy to install and difficult to uninstall. As an Internet company, users are undoubtedly the most precious resource. And 360’s rogue advertisements and bundled downloads have undoubtedly left a bad impression on users. Under such a background, it may be difficult for 360 to break through the current predicament.

In the first quarter, national tax revenue increased by 24.8% year-on-year and 4.3% year-on-year. Among them, domestic value-added tax increased by 23.9% year-on-year; the national general public budget expenditure was 5,870.3 billion yuan, a year-on-year increase of 6.2%. The “three guarantees” and other key points Expenditure grew rapidly, among which expenditures on education, health, social security and employment increased by 13.8%, 8.3%, and 6.1% respectively. (Website of the Ministry of Finance) ｜Reviews｜ The fiscal revenue in the first quarter achieved a year-on-year growth of 24.2%, mainly due to the low income in the same period caused by the new crown pneumonia epidemic last year. It is worth noting that due to the active securities market, the securities stamp duty in fiscal revenue increased by 94.2% year-on-year, and this item alone was a net income of 88 billion yuan. The increase in fiscal revenue has ensured that the country can continue to implement tax and fee reduction policies for small and medium-sized enterprises. Although the epidemic has passed, many small and medium-sized enterprises are still under tremendous pressure. Therefore, relevant policies will continue for some time. From this perspective, it is expected that the growth rate of fiscal revenue in the next quarter may be reduced. In the first quarter, the national per capita disposable income of residents was 9,730 yuan According to news on April 22, the National Bureau of Statistics updated and released data on the per capita disposable income of residents in 31 provinces in the first quarter, with Shanghai, Beijing, and Zhejiang ranking the top three. In the first quarter, the national per capita disposable income of residents was 9,730 yuan, a nominal year-on-year increase of 13.7%. The national median per capita disposable income of residents was 8,014 yuan, an increase of 12.7%. In the first quarter, the national per capita disposable income continued the trend of increasing quarter by quarter since the same period last year, maintaining stable and restorative growth. At the same time, on the basis of sustained and stable recovery of residents’ income growth, residents’ consumption expenditure rebounded sharply year-on-year. Data show that in the first quarter, the national per capita consumption expenditure was 5978 yuan, a nominal increase of 17.6%, and a decrease of 8.2% in the same period of the previous year. In terms of growth trends, in the first quarter, household consumption has reversed the four consecutive quarters of decline since the same period last year, showing a recovery growth trend. (China News Network) ｜Comments｜ Increase in national income is the guarantee for stable economic development. What’s exciting is that my country’s per capita income rose steadily last year. The first quarter’s household consumption data reversed the downward trend in the past year and started to grow, although it has not fully recovered to the level before the epidemic. It is foreseeable that stimulating the recovery of consumption is still the focus of the government’s work. However, judging from the recent central bank reverse repurchase and MLF’s stable style, monetary policy is quite cautious, and it is expected that there will be no much action in the near future. Therefore, there should be a relative slowdown in import and export, or some adjustments in taxation policies. Real estate tax is not included in this year’s legislative plan On April 22, the Standing Committee of the National People’s Congress announced the 2021 legislative work plan. In terms of tax legislation, it is clearly required that laws such as the Stamp Tax Law and the Customs Law be reviewed for the first time. However, in the real estate tax legislation that has attracted much attention from the market, this legislative plan is still not mentioned. In recent years, only the 2015 Legislative Work Plan of the Standing Committee of the National People’s Congress explicitly mentioned the real estate tax law as a preliminary project that year. Real estate tax will levy taxes on individual housing, so it has attracted much attention from the market. The current real estate tax legislation is drafted jointly by the Budget Working Committee of the Standing Committee of the National People’s Congress and the Ministry of Finance. In the legislative work plan of the Ministry of Finance this year, there is no mention of real estate tax legislation. (China Business News) ｜Reviews｜ The news of real estate tax has been so many years, the “boots” have never landed. This should be based on the fact that the market has only begun to recover after the current domestic epidemic, and there is a lack of a legislative social environment. After all, the impact of real estate tax on the real estate market is too great, which is not conducive to the orderly progress of the 14th Five-Year Plan. In addition, we must also see the trend of negative population growth. After ten or twenty years, housing demand will decrease, housing prices will inevitably be affected, and real estate taxes will also have an impact on the market. However, how to rationally allocate the real estate resources in hand is a problem that people need to consider now. The VAT exemption period for sales of houses in Guangzhou is increased to 5 years On the evening of April 21, the General Office of the Guangzhou Municipal People’s Government issued a notice on improving the policy for the steady and healthy development of the real estate market in Guangzhou. The notice clearly stated that the VAT exemption period for individual sales of houses in 9 districts including Yuexiu District, Tianhe District, and Baiyun District will be increased from 2 years to 5 years; in addition, talent purchasers must provide 12 consecutive months of payment of social guarantees, and no repayment is allowed. The above policy will be implemented on April 22. This is after the beginning of April, Guangzhou has introduced another property market regulation and control policy. On the evening of April 2nd, Guangzhou issued a document stating that newly purchased housing (including newly-built commercial housing and second-hand housing) by enjoying the talent policy will extend the sales restriction period from 2 years to 3 years. (Broker China) ｜Reviews｜ This time Guangzhou further introduced a regulatory policy, which should be in response to the request of the Ministry of Housing and Urban-Rural Development. Earlier, Guangzhou was one of the five cities that the Ministry of Housing and Urban-Rural Development asked to resolutely curb speculative real estate speculation, which shows that there is still pressure on its property market regulation. In fact, among the five cities interviewed, only Dongguan’s property market regulation is relatively strict, and the four cities including Guangzhou are relatively loose. Guangzhou’s upgraded regulatory policies have also filled a loophole in talent purchases. Talent purchases must be paid for one year of social security, which can stop the behavior of “fake talents” in real estate speculation, which has a clear direction. TeslaPublish pre-accident data of rights protection vehicles At about 4:30 pm on April 22, Tesla disclosed the data one minute before the accident of the Shanghai Auto Show rights protection accident vehicle, and made a text explanation. The note pointed out that when the driver stepped on the brake pedal for the last time, the data showed that the speed of the vehicle was 118.5 kilometers per hour. After the driver stepped on the brake pedal, the vehicle speed continued to decrease, and before the collision, the vehicle speed was reduced to 48.5 kilometers per hour. In addition, with regard to the condition of the vehicle 30 minutes before the accident, Tesla said: In the 30 minutes before the accident, the driver drove the vehicle normally and had more than 40 records of depressing the brake pedal. More than 100 kilometers per hour and multiple stops occurred. (Comprehensive China Market Supervision News) ｜Reviews｜ Under the high attention of the whole society, Tesla finally announced the technical data and text descriptions before the accident vehicle accident. From its unilateral discussion, it does not seem to be like the brakes that the rights defenders claimed before. , More like the driver himself is suspected of speeding. Of course, this is only a side word of the enterprise, and then a third party is required to participate in the test before an authoritative conclusion can be made. However, if the facts are that there are operational problems with the rights protection vehicles themselves, then Tesla cannot be blamed blindly. After all, what we ultimately hope to see is a fair and reasonable result. Tsinghua University established “Chip Academy” On April 22, the School of Integrated Circuits of Tsinghua University was formally established. In the future, it will be committed to solving the “stuck neck” problem of current chips, and is determined to prevent China’s semiconductor industry from being “stucked” in the future. The college will become an important base for my country’s integrated circuit talent training, and is expected to provide strong talent support for the localization of the semiconductor industry. According to incomplete statistics, there are as many as 27 well-known Tsinghua-based chip companies with a total market value of 600 billion yuan. In the most cutting-edge chip research in the world, the Tsinghua team has also achieved fruitful results. (China Youth Network) ｜Reviews｜ The global “chip shortage” crisis that began in the first half of 2020 has made China more aware of the importance of chips, and at the same time, it also realizes that in these core industries, it cannot be stuck. Taking advantage of this moment, China must be more aggressive, cultivate its own chip talents, and build its own chip industry chain. Of course, this will not happen overnight, but no matter how difficult it is at the beginning, we must take a step forward. Taking a path of your own semiconductor industry, the establishment of a “chip academy” is only one step, and there are many other things to do. Beijing Culture (000802.SZ)Law Enforcement Corps: To Douyinquick workerKey supervision On April 22, at a press conference on the status of intellectual property protection in Beijing, Wang Ningzhi, deputy chief and second-level inspector of the Beijing Cultural Market Comprehensive Law Enforcement Corps, stated that the Cultural Market Comprehensive Law Enforcement Corps continued to strengthen the classification and supervision of websites and monitor the Internet. The entire network is dynamically monitored in key areas such as literature, video, music, animation, and games.IQIYI, Douyin, Kuaishou and other nationally influential video websites are under key supervision. The Beijing Cultural Market Comprehensive Law Enforcement Corps will inspect 18,000 websites (times) in 2020, close 13 infringing and pirating websites, deleting 8 million infringing and pirating links, and destroying more than 200,000 infringing and pirated books. (Comprehensive Beijing Business Daily) ｜Reviews｜ The short video industry is in full swing, and the corresponding intellectual property issues have also attracted attention. In particular, some short video websites used extensive use of film and television material from the media, which, strictly speaking, constituted infringement and caused strong dissatisfaction in the film and television industry. Relevant departments are focusing on supervision of video websites with national influence such as Douyin and Kuaishou because of their large number of users, fast transmission speed, and wide range, which can achieve a multiplier effect with half the effort. In this regard, relevant platforms should be highly valued, otherwise it may have a serious impact on its content production and industrial development. The three major A-share indexes split again on Thursday On April 22, the three major indexes opened higher and dived to a collective green after the opening. In terms of sectors, the medical aesthetics concept sector continued to be strong, and the steel sector led the two markets; nearing the end, the index rebounded.gemThe performance was relatively strong, rising by more than 1% at one time. In terms of sectors, the food and beverage sector was strong, while the liquor sector fell. In the afternoon, the three major indexes continued to trade sideways. The trend of the indexes remained differentiated. The ChiNext board performed strongly. In terms of sectors, the medical and aesthetics sector continued its strong momentum, the digital currency moved up, and the semiconductor sector collectively strengthened. As of the close,Shanghai IndexFell 0.23% to 3465.11 points, with a turnover of 317.1 billion yuan;Shenzhen Component IndexIt rose 0.41% to 14,209.44 points, with a turnover of 423.8 billion yuan; the Chuang Index rose 0.77% to 2939.39 points, with a turnover of 145.4 billion yuan. (Sina Finance) ｜Reviews｜ On Thursday, the A-share market showed another trend of differentiation between Shanghai and Shenzhen. The downturn in the weight sector made it more difficult for the index to break through. However, there was no deep intraday correction during the shock period, indicating that the current market atmosphere is still warm , The probability of selecting the direction upward after the adjustment is over is increasing.The profit-making effect in terms of disk characteristics is not yetIdeal carThere is no change in hotspots with sustainability. Other news-driven hotspots have little value. The continuity of individual industries (such as steel and securities firms) remains to be observed. The rapid recovery of China’s economy in the post-epidemic era shows that many industries that have rebounded at a high speed have already had a clear response to their share prices. You might as well pay attention to related sectors. The content of stock market and futures in the article is for reference only Does not constitute investment advice Duty Editor | Chen Wei | Chen Zhe | Column Editor | Wei Yingjie Chief Editor | He Mengfei | Chief Editor | Zheng Yuanmei

Huawei’s pivot to software comes as its smartphone business has seen sales decline because of the aforementioned restrictions. On the other hand, behind Huawei’s push into software is also an attempt to isolate potential geopolitics and any other regulation from the US. Huawei hopes to expand the software sector in its future revenue structure Accordingly, Arcfox, a brand under the automaker BAIC Group, has launched a car with Huawei’s car technology. It is known that this new model owns a cockpit equipped with the HarmonyOS operating system launched by Huawei in 2019. Huawei has also advertised its HarmonyOS can work on various devices from smartphones to TV and car. As such, Huawei will not manufacture cars, but instead will focus on technology to power the cooperating car manufacturers. At the same time, on April 25, Huawei launched a number of new cloud computing products to challenge rival Alibaba in this segment. In a press release the same day, Huawei said it expects its focus on cloud computing to increase its share of its software and services business in the group’s total revenue. In pursuing sectors such as vehicles and cloud computing, Huawei will face challenges from some of China’s biggest tech companies. Such as Alibaba, Tencent are the leading companies in the cloud computing market in China. Baidu or Xiaomi are also “expanding” in the vehicle market. Therefore, Huawei’s decision to redirect takes a lot of time and resources. According to Neil Shah, research director at Counterpoint Research, “Huawei is doubling down on its transition to a software, cloud and services company. development just like Google “.

Automation Marketing (Automation Marketing) helps businesses reach potential customers, automate the process of nurturing those potential customers to be ready for sales in the future. By owning an ecosystem of automated marketing solutions, businesses can easily operate a traditional marketing department like before. Digital conversion in marketing or will “number” convert? Is it mandatory for businesses to apply digital transformation in marketing? The answer here is no. Enterprises themselves can still continue to conduct their own promotional activities through traditional marketing forms. However, in terms of effectiveness, the message in traditional marketing tends to be one-way, so it is easy to annoy the receiver. This is somewhat inconsistent in the stage that prioritizes the interaction between buyers and sellers today. Chatbot with the help of technology makes a dry tool communicate like a human. According to research from Artic, by 2021 more than 70% of businesses have been applying Automation Marketing in their operations. It can be said that the digital transformation in marketing in every business seems to be a matter of time. To help maintain a competitive advantage, either businesses will need to adapt to the changes or they will be left at the end of the track. Automated marketing is like increasing the resistance of every business to negative market influences. In the time of fierce competition, which business owns many advantages, that business will have a formidable position on the industry map. It is not simply a trend in itself. Instead, it really completely changes the way marketing activities in businesses operate. Automation – An important link in digital conversion Marketing automation helps businesses easily reach potential customers using support tools combined with tactics. Instead of needing a powerful marketing team like before, with automated marketing with only a few specialized personnel, businesses can operate marketing strategies on a global scale. The shadow of technology crept into marketing Today, the vast majority of users are “overwhelmed” by dozens of different messages. The consequences of this make it more difficult than ever to create a standout marketing campaign. To be effective, businesses have been under increasing pressure to come up with more innovative ideas than changing competitors. Sadly, doing this with traditional marketing activities is not easy. By applying technology, marketing activities can easily “target” to the right potential customers of their own. There will always be an automated system that helps businesses chase and maintain interaction with customers. Everything is set up to operate completely automatically, which is difficult to do with traditional marketing paradigms. Simulate human behavior Ignoring the human factor in customer communication is what automated marketing tools like chatbots can do. It is no longer a rigid tool, responding to customers based on what humans have pre-configured as before, but has the ability to analyze and predict factors that sometimes make it difficult for users to recognize I’m communicating with an automated tool. Moreover, these “artificial people” help optimize a lot in terms of cost. When using the business itself, it will not need to worry about the working regime, salary and bonus. They only need to invest once and can still have for themselves absolutely loyal employees. Enterprises can use solutions such as chatbot (Bizfly chat) or Email Marketing (Bizfly Email) to help maintain interaction and regularly chat with customers. Digital transformation is a long-term investment direction Digital transformation in marketing is an inevitable trend in the era of technology 4.0. Vietnam currently has an information technology infrastructure that is gradually improving with 5G technology or the popularization of WiFi. At the same time, there are qualified names in providing digital transformation solutions in Marketing and online sales such as VCCorp. With only the two above factors, Vietnamese businesses are already at a high level of readiness for an era of automated marketing. An ecosystem of automated marketing solutions is also gradually forming and improving. Automated solutions appear on all needs, different aspects. Enterprises can use solutions such as chatbot (Bizfly chat) or Email Marketing (Bizfly Email) to help maintain interaction and regularly chat with customers. Or collect customer data in the same place with a CRM solution (Bizfly CRM) to facilitate the management and thorough exploitation of that data. Interested readers can refer to Bizfly’s ecosystem of automated marketing solutions here .

Photo: SCMP The SF5 model, co-developed by Huawei and SERES, is the first model to appear in the Huawei store. This vehicle running both electricity and gasoline is equipped with a HiCar system based on Huawei’s HarmonyOS operating system. The car can run 180 km in pure electric mode, while it can run 1,000 km in extended mode. Photo: FT A Huawei salesman said that the HiCar system allows users to switch between the phone app and the car’s central control system. You can also connect the car with other smart devices such as TVs, air conditioners … Photo: FT Previously, Richard Yu, the head of Huawei’s consumer technology division, admitted that the US embargo had negatively affected its smartphone supply chain. Photo: FT “Electric cars are the only product line that can offset the losses in the smartphone business because they are expensive – although the total sales are not as high as smartphones,” the senior employee said. Photo: FT Two cars, one in blue and one in white, have appeared in stores in Shenzhen, Shanghai, Hangzhou and Chengdu. Users can also pre-order the car on Huawei’s e-commerce site Vmall with a deposit of 1,000 yuan. These vehicles are priced at 216,800 yuan and 246,800 yuan.

Mr. Jens Lottner, Chief Executive Officer of Techcombank presented at the AGM Specifically, in the period of 2021 – 2025, the Bank will focus on the most profitable sources such as home loans, CASA, asset management and promote strengths such as high-income customer segments. , real estate, payment. “Along with that, the bank will continue to diversify its revenue sources, participating in areas with potential growth in the future such as SMEs lending, ecosystem development, and partners,” said Mr. Jens Lottner. Mr. Jens Lottner also admitted that, so far, Techcombank has focused on the real estate sector, but this decision is not baseless, but carefully selected about customers. However, Techcombank also has a strategy to diversify into other areas such as telecommunications, energy … industries that play an important role in the economy and not only focus on large customers but small businesses, medium and personal. According to Mr. Jens Lottner, the next way Techcombank has a new vision is to change the banking industry, elevate the value of life. The Bank will serve different customer segments with the mission of leading the digital journey of the financial industry and each individual and organization makes a breakthrough to achieve success. “Outperforming every day, thereby bringing more value to customers and existing and future shareholders”, Mr. Jens Lottner emphasized. Techcombank Chairman and CEO run the Q&A session at the AGM Mr. Jens Lottner added that the Bank aims to reach a capitalization of 20 billion USD in 2025. Along with that, CASA rate will reach 55%; Return on equity (ROE) reached 20%. Techcombank’s market capitalization reached more than $ 5 billion in 2018 and at present it is close to $ 6 billion. Regarding the target of capitalization of 20 billion USD by 2025, are shareholders questioned whether they are ambitious? Techcombank’s CEO said: “The Bank will focus on sustainable, balanced, maintained and continuous growth to reach $ 20 billion by 2025.” In 2021, Techcombank targets a pre-tax profit of 19,800 billion, up 25.3% compared to the result in 2020. Credit balance is expected to reach nearly 356,200 billion, growth of at least 12% year-on-year. last and as far as the State Bank allows. Deposit value (including certificates of deposit for individual customers) is expected to reach VND 334,291 billion, growing at least 14.7% and in line with actual credit growth. “Confident with a new goal in 2021”, Mr. Jen Lottner confirmed. It is known that the restructuring loan balance under Circular 01 of Techcombank tends to decrease gradually over the quarters. From 3.6% in the second quarter of 2020 to 2.8% by the end of the fourth quarter of 2020. Techcombank’s capital adequacy ratio (CAR) is 16.1%. The loan-to-deposit ratio is at 78.1%; The ratio of short-term capital for medium and long-term loans is 33.9%. Notably, this meeting elected a new member of the Board of Directors with the candidate Mr. Ho Anh Ngoc (Chairman Ho Hung Anh’s brother). Thus, the number of members of the Board of Directors of the bank is expected to increase from 8 to 9 people. Looking back at the Bank’s business in 2020, Techcombank’s General Director said that it was an unprecedented difficult year in the world, but it was also an unprecedented year when Techcombank achieved many achievements. 2021 is the end of the 5-year strategy set and also a pivotal year for the next 5-year strategy. It is known that Techcombank has the highest credit growth in the industry, using up the credit limit assigned by the State Bank, in addition, mobilization also increased sharply, especially demand deposits (CASA). Mr. Ho Hung Anh, Chairman of Techcombank said that Techcombank maintains a very strong CASA development strategy, CASA market is only 22%, but Techcombank is up to 46%. “The Bank’s NIM is not high, not because of high interest rates, but because of cheap capital costs, high CASA,” he said.

Smart things (public account: zhidxcom)

Compilation | Qu Wangmiao

Edit | Jiang Xinbai

Wise things April 22 news, according to foreign media reports, this Wednesday, the European Union’s executive body proposed a bill to restrict the use of some artificial intelligence technologies, and will create a so-called “artificial intelligence high-risk uses list” “Regarding related industries, companies that severely violate the regulations may be fined 6% of their total annual revenue. This is one of the biggest efforts to regulate high-risk applications of artificial intelligence so far.

However, for this proposal to become law, it will take several years to obtain the approval of the European Council and the Parliament, and in the process to make adjustments to its prescribed scope and specific regulatory measures.

In 2018, the new privacy law “General Data Protection Regulation (GDPR)” promulgated by the European Union provides a template for widely applicable data supervision rules and is supported by high fines. However, according to the predictions of relevant people, this time The bill does not necessarily have the same effect.

1. It is forbidden for police to use face recognition, but judges can be exempted widely

   The bill directly prohibits some behaviors. As a complement to the social credit system, the proposal will also prohibit the use of “subliminal technology” or artificial intelligence systems that insult the disabled, “distort the behavior of others,” and may cause physical or psychological harm.

   EU officials hope to use the bill to restrict the police from using facial recognition technology.

   Although the police usually cannot use the so-called “remote biometric system” in public places, such as face recognition, the judge can approve immunity, such as child kidnapping, terrorist threats, etc., can also be used to lock out fraud and murder Waiting for the suspect of the crime.

   “The scope of the exemption is incredible,” said Sarah Chander, a senior policy adviser for European Digital Rights, a non-governmental organization network. Such a list “a little bit contrary to the claim of facial recognition. Is the purpose of the ban.”

2. The high-risk artificial intelligence provider “hands in homework”, the bank takes the lead

Providers of artificial intelligence systems used for high-risk purposes need to submit relevant documents to the regulatory agency, in which they specify how their systems work. Margrethe Vestager, the executive vice-chairman of the European Commission (European Commission), the executive body of the European Union, believes that this type of system also needs to be in the design of the system, the way it is used, and the quality of the data used to train artificial intelligence. , Showing “appropriate human supervision.”

Large banks took the lead in introducing their artificial intelligence algorithms to regulators, and the application of these algorithms can help prevent the global credit crisis. According to Andre Franca, former director of Goldman Sachs’ model risk management team and current data science director of artificial intelligence startup causaLens, more companies will eventually adopt the same approach.

For example, Dr. Franka said that in the past 10 years, banks have had to hire teams to help provide regulators with the mathematical code behind their artificial intelligence models, sometimes with more than 100 pages of code per model.

Dr. Franca said that the EU can also send a supervisory team to the company to personally review whether its artificial intelligence algorithms fall into the high-risk categories specified in the proposal, such as systems that recognize faces or fingerprints, and algorithms that may affect personal safety. He also said that the European Central Bank’s regulators often review the codes submitted by banks through several days of seminars.

The EU also stated that the new bill will not establish new regulations for most artificial intelligence applications such as video games and spam filtering. But some low-risk artificial intelligence systems, such as chatbots, need to inform users that they are not real people.

“We have to clearly tell users that they are interacting with a machine,” Westger said.

Deep forgery, that is, software that performs face-changing in the video, also needs to indicate this. Ukraine-based NeoCortext has developed a popular face-changing app, Reface. The company said it is marking it up and will work hard to follow EU guidelines. “For fast-growing start-ups, there is now a challenge that is to regulate the rules.” Neocortext CEO Dima Shvets (Dima Shvets) said.

1. There are divergent opinions, and it will take time for the new bill to come into effect

   Although some digital rights activists appreciate some of the content of this proposal, they say that there seem to be too many loopholes in other content. Others in the industry believe that this proposal will bring advantages to Chinese companies that do not have these restrictions.

   “This will make building artificial intelligence in Europe very expensive and even technically infeasible,” said Benjamin Mueller, a senior policy analyst at the Center for Data Innovation of a technology think tank. The United States and China will watch with interest the European Union destroying their start-ups.”

   However, some lobbyists in the technology industry believe that the bill is not too strict. It merely imposes strict supervision on certain so-called “high-risk artificial intelligence applications”. These applications include software used in critical infrastructure and police use to predict crime. algorithm.

   Christian Borggreen, vice president and head of the Brussels office of the Computer & Communications Industry Association, believes that “it is a good thing for the European Commission to adopt this risk-based approach.” Computer & Communications Industry associations represent many large technology companies such as Amazon, Facebook, and Google.

   Julien Cornebise, Honorary Associate Professor of Computer Science at University College London and a former Google research scientist, said that the new regulations will not necessarily have the same impact as the GDPR, which was introduced by the European Union in 2018. The General Data Protection Regulation (General Data Protection Regulation), which restricts a large number of organizations that collect, transmit, retain, or process personal information related to all member states of the European Union.

   “Artificial intelligence is a mobile benchmark,” he said. “Our mobile phones are doing things that were considered’artificial intelligence’ 20 years ago. One risk of the new bill is that it regulates the’artificial intelligence’ The definition is changing, and it may become inapplicable or be eliminated soon.”

   Conclusion: High-risk applications of artificial intelligence urgently need supervision

   In recent years, the European Union has been trying to take the lead in drafting and enforcing new regulations designed to curb the so-called “excessive behavior” of large technology companies and curb the potential dangers of new technologies, covering areas ranging from digital competition to online content review And so on, very extensive. Previously, the EU’s GDPR provided a template for widely applicable regulations, so other countries and some states in the United States have adopted similar practices.

   As Westger said, “Our regulations are designed to address the human and social risks associated with specific uses of artificial intelligence. We think this is urgent. The European Union is the first to propose such a legal framework.” In the future, With the development and wider application of artificial intelligence technology, there may be more

The beaches in Phuket are empty of foreign tourists. (Photo: Bangkok Post Office) The Minister of Tourism and Sports of Thailand said that the number of Covid-19 cases per day has increased to more than 2,000 and is not sure how the pandemic will break out, so the previous goal is to attract 6.5 million foreign tourists in 2021 are difficult to achieve. The Thai government currently expects international arrivals by 2021 to be only 3 million to 4 million visitors. Meanwhile, local tourists are predicted to make about 100 million -120 million trips this year, down from 160 million in the previous forecast. However, Thai officials will continue to plan to attract international tourists who have been vaccinated against Covid-19, through a pilot project in the tourist city of Phuket from July 2021. The Ministry of Tourism and Sports will help distribute Covid-19 vaccine to 70% of Phuket’s residents in preparation for international tourists. Regarding the Covid-19 situation in Thailand, today (April 24), health officials of this country recorded a record high number of new cases in the day, with 2,839 cases and 8 more deaths. To date, this Southeast Asian country has recorded a total of 53,022 cases of Covid-19, of which 129 died and 22,327 are under treatment./.

Benefiting from multiple mergers and acquisitions business expansion and scale improvement, Country Garden’s performance continued to rise, but the company’s revenue growth rate fell for the first time in three years, and the growth rate of net profit attributable to the parent company declined for two consecutive years. In addition, subject to the integration of mergers and acquisitions, the company’s urban service business gross profit margin has also declined.

Since the company went public in 2018, Country Garden Services’ stock price has risen more than 8 times. As of April 22, the company’s total market value reached 231.38 billion Hong Kong dollars, surpassing the parent company Country Garden. As a “first listed property company”, behind the frequent acquisitions of Country Garden Services, it is not difficult to see that scale is still the core demand for the development of property companies at this stage, and the property management industry may enter the peak of mergers and acquisitions in the future.

Although mergers and acquisitions are an effective way to accelerate expansion, this kind of performance growth brought about by acquisitions cannot be replicated. Under the sustained rapid growth in recent years, for Country Garden’s services, which have formed a relatively high base in various indicators, how to maintain “quality” while pursuing “quantity” is a bigger problem.

It is worth noting that the major shareholder of Country Garden Services JPMorgan Chase & Co. and the company’s president Li Changjiang have successively reduced their holdings of Country Garden Services stocks since 2021, and the two have reduced their holdings by more than 10 million shares in total.

Scale expansion, performance growth, revenue and profit growth slowdown

During the reporting period, in addition to the “three supply and one industry” business, Country Garden’s service property contract management area reached 821 million square meters, an increase of 136 million square meters from the end of 2019; the property charge management area reached 377 million square meters, which was newer than the end of 2019 An increase of 101 million square meters. As of December 31, 2020, the company managed a total of 3277 properties, a year-on-year increase of 36.26%.

Benefited from the expansion of the scale of property management, the company’s performance continued to rise, but the growth rate has slowed down. The annual report shows that the company’s operating income in 2020 was 15.6 billion yuan, a year-on-year increase of 61.75%; the net profit attributable to the parent was 2.686 billion yuan, a year-on-year increase of 60.78%. Among them, the company’s revenue growth rate fell for the first time in three years, and the revenue growth rate fell by about 40% year-on-year; the net profit growth rate attributable to the parent fell by about 20% year-on-year, which has been declining for two consecutive years.

The proportion of revenue from basic property management services declines and focuses on businesses outside the concept of traditional real estate

From the perspective of changes in the revenue structure in the past three years, property management services are the main source of income for Country Garden services. In the past three years, the proportion of revenue from this business has exceeded 50%, but the proportion has been declining year by year, from 73.7% in 2018 to 55.17% in 2020.

Among them, income from properties developed by Country Garden Group accounted for approximately 72% of total property management service income, and income from properties developed by independent third-party developers accounted for 28% of total property management service income, an increase of 3.7% from the same period last year and compared with 2018 An increase of 16.6%. In the company’s total new contract area, brand expansion accounted for 53.3%, while the area from the Country Garden system accounted for 35.1%. The company’s dependence on the parent company’s residential incremental market has decreased.

In addition, Country Garden Services has developed many businesses beyond the traditional concept of real estate, including commercial asset operations, urban services, community group purchases, community media, house leasing, insurance brokerage, etc.

The annual report shows that the company’s urban service business has increased significantly. The company’s urban service business revenue increased from 68 million yuan in 2019 to 884 million yuan in 2020, with a revenue share of 5.67% (approximately 0.71% in the same period in 2019), an increase of 1192.5%, mainly due to business growth brought about by acquisitions To.

In 2020, the company’s community value-added service revenue will be 1.731 billion yuan, and the total revenue will account for 11.1%. The amount of revenue will increase by 100.10% year-on-year, becoming the company’s second largest revenue growth point. Among them, the company’s value-added service innovation business revenue increased by 268.6% year-on-year, and community media service revenue increased by 273.6% year-on-year.

It is worth noting that the company’s revenue from non-owner value-added services has declined. Revenue from this business dropped from 1.422 billion yuan in 2019 to 1.370 billion yuan in 2020, a year-on-year decline of about 3.7%. The company stated that it was mainly due to the change in the consulting service business model in this service.

Mergers and acquisitions “double-edged sword”: urban service gross margin declines due to accelerated expansion, adding more than 3 billion goodwill

In response to high-performance plans and high-growth demands, Country Garden Services has made multiple mergers and acquisitions in the past year, with the intention of increasing scale and expanding its business.

According to data, in September 2020, the company acquired 65% of the equity of City Zongheng (Shanghai) Culture Media Co., Ltd. (hereinafter referred to as “City Zongheng”) to increase its community media service business. In October of the same year, the company acquired 70% of the equity of Country Garden Manguo Environmental Technology Group Co., Ltd. (hereinafter referred to as “Manguo”) and 60% of Fujian Dongfei Environmental Group Co., Ltd. (hereinafter referred to as “Dongfei”), a leading company in the sanitation industry. Equity. In addition, the company also acquired Wenjin International Insurance Brokers Co., Ltd. (hereinafter referred to as “Wenjin Insurance Brokers”) and several other property management companies.

Since 2021, Country Garden’s service has continued to increase its size on the material enterprise track. On April 13, Country Garden Services announced the acquisition of four commercial management subsidiaries of Country Garden Holdings for 20 million yuan. On April 19, the company spent over 4 billion yuan to complete the acquisition of 71.17% shares of Blu-ray Garbo Services.

It is worth noting that although mergers and acquisitions are an effective way to accelerate expansion, this kind of performance growth brought about by acquisitions cannot be replicated. In addition, subject to third-party acquisitions and acquisitions of the target asset quality, the future profitability of property companies will also be affected. Data shows that with the company’s overall gross profit margin growth, the company’s gross margins in community value-added services, “three supplies and one industry” business, and urban service segments all declined. Among them, due to the low gross profit margin of the Manchuria and Dongfei businesses acquired during the year, the gross profit margin of the company’s urban service segment decreased from 38.7% in 2019 to 32.5%.

In addition, due to multiple acquisitions of Country Garden Services in 2020, the company’s new intangible assets will reach 4.672 billion yuan, including 3.145 billion yuan in new goodwill. If the performance of the acquired target in the later period is not as good as expected, Country Garden Services will have a certain risk of goodwill impairment.

Increase in income tax rate affects profits, important shareholders successively reduce their holdings

In 2020, the income tax rate of Country Garden’s main subsidiary of Country Garden Services will be changed from the preferential tax rate of 15% in the same period of the previous year to 25%. Corporate income tax expenses rose from 358 million yuan in 2019 to 933 million yuan, a year-on-year increase of approximately 160.84%. If the 25% income tax rate continues in the future, the profitability index of Country Garden Services will also be under pressure as the scale grows.

In addition, WIND data shows that since the beginning of this year, all shareholders have reduced their holdings of 11.508 million shares of the company. Among them, President Li Changjiang reduced his holdings of 240,000 shares on April 1, with an average price of about 80 Hong Kong dollars per share; the third largest shareholder JPMorgan Chase & Co. successively reduced their holdings of 11.2608 million shares. In the past year, Li Changjiang has reduced his holdings of 2.12 million shares, and has cashed out approximately HK$87,277,400.

The actions of leading companies are the vane of industry development. From the annual report of Country Garden Services, it can be seen that the current mergers, acquisitions, outsourcing and multi-format simultaneous development are still the new trends of the current property management industry, and the industry may enter the era of great integration in the future.

Disclaimer: This article is for information sharing only and does not constitute any investment advice to anyone.

Copyright statement: The copyright of this work belongs to Bread Finance, and it is not allowed to reprint, extract or use other methods to use this work without authorization.

Traphaco’s system of medicine blister blister machines Specifically, net revenue reached nearly 472 billion, up 20.4% over the same period, after subtracting COGS, gross profit reached 265 billion, up 21% compared to the first quarter of 2020. Profit after tax reached VND 55.3 billion, an increase of 35% compared to the same period of 2020; Parent company EAT is more than 51 billion. In 2021, Traphaco sets a double growth business plan with the goal of consolidated revenue and profit after tax of VND 2,100 billion and VND 240 billion, up 10% and 11% respectively compared to the performance of 2020. Thus, after the first quarter of the year, the Company has reached 20.8% of the revenue plan and 23% of the profit after tax plan of the year. In the period of 2021 – 2025, Traphaco expects that the growth rate of revenue and pre-tax interest can reach a compound rate of 13.3% and 15%. Traphaco also said that during this term the company will restructure the traditional and non-traditional medicine businesses, in which the company will increase the proportion of the western medicine industry. When consolidating the business segments, Traphaco believes that the growth rate will be even higher than the plan set out for the 2021 – 2025 term. At the close of the session on April 22, TRA shares increased slightly by 0.1% to VND69,900 per share.

FTP stock price chart from the beginning of the year to now. FPT Joint Stock Company (FPT code-HOSE) has just announced business results for the first quarter of 2021 with revenue and profit before tax increasing by 14.4% and 22.3% year-on-year. Accordingly, at the end of Q1 / 2021, FPT’s revenue reached 7,586 billion VND and pre-tax profit reached 1,397 billion VND, up 14.4% and 22.3%, equivalent to 102% and 105% of the year plan. According to FPT, the strong growth in revenue and profit was due to the highest growth in technology sales in the last 4 quarters and the strong growth in the Telecommunications and Education sector. Specifically: Technology sector contributes 40% to the total profit after tax and 55% of the total revenue of the Group. New sales of Technology sector reached 5,834 billion VND, the highest level in the last 4 quarters and increased 46.3% over the same period. In addition, with the orientation of focusing on digital transformation for the customers of the Government and large enterprises, at the same time focusing on developing solutions, Made by FPT platforms, and information technology services for the market. FPT’s domestic market recorded high growth in both revenue and profit after tax, reaching VND 986 billion, up 40.1% and VND 59 billion, up 1,828.7% over the same period. In foreign markets, the revenue from IT services recorded VND 3,169 billion in revenue, up 9.6% over the same period. Profit after tax of this service sector reached VND495 billion, up 16.4% compared to quarter 1/2020, when the international market was not affected by Covid-19. With the strategy of “whale hunting” (focusing on large enterprises and high value contracts), FPT successfully signed 04 large contracts with sales of over 5 million USD / contract in Q1. / 2021. As a result, new sales of foreign markets increased by 43%, reaching VND 4,489 billion, which is the basis for accelerating the growth rate of revenue and profit in the remaining quarters of 2021. Telecommunication Division recorded 2,925 billion in revenue, up 9.6%, and 576 billion in profit after tax, up 29% over the same period. In which, the Telecom Services sector achieved VND 524 billion in profit after tax, up 30.7% thanks to the improvement in the after-tax profit margin of the Broadband Services segment as well as the new profit from the TV service segment. pay. Meanwhile, the revenue from the Education sector reached 698 billion VND, up 57% over the same period. It is known that the company’s General Meeting of Shareholders approved the business plan in 2021 with revenue of 34,720 billion VND, an increase of 16.4% and pre-tax profit of 6,210 billion VND, up 18%.

Accordingly, in order to restructure the investment portfolio, Intact Management Co., LTD registered to sell more than 4.62 million TCD shares, equivalent to the ownership ratio of 5.62% of capital. If the transaction is successful, this organization will reduce its ownership in TCD to 0%. Trading is done by matching and / or agreement method, expected time from April 28 to May 27, 2021. On the market, TCD shares were quite bleak when closing this morning on April 23 at the floor price of 13,050 dong / share, down 6.8%. If temporarily calculated at this market price, Intact Management Co., LTD will earn about VND 60.3 billion from the divestment at TCD. On April 29, Tracodi will hold its 2021 annual shareholder meeting to approve this year’s business plan with 2021 consolidated revenue target of 3,203 billion, an increase of 12.3% compared to 2020 and profit after tax. 280 billion, up strongly by 91.3%. In addition, TCD also plans to pay dividends in 2020 at 11% and 2021 at 14%. In which, the Company estimates consolidated revenue is expected in the first quarter of 2021 to reach more than 817 billion, up 69% over the same period. Profit before tax is estimated at 73.99 billion, 3.7 times higher than the same period in 2020. Accordingly, TCD has completed 25.5% of the revenue plan and 21.6% of the expected profit plan in 2021. .

Economic Observer Network reporter Zhang Bin, intern reporter Hu Rongyu On the evening of April 14, Gree Electric (000651.SZ) disclosed the 2020 annual performance bulletin. The company’s total operating income was 170.497 billion yuan, a year-on-year decrease of 14.97%; the net profit attributable to shareholders of listed companies was 22.175 billion yuan, a year-on-year decrease of 10.21 %; Basic earnings per share were 3.71 yuan, a year-on-year decrease of 9.73%.

Image source: Gree Electric’s performance bulletin

A reporter from Economic Observation Network noted that this is the second time that Gree Electric has seen both revenue and profit declines since its listing. The last time it was in 2015, Gree Electric’s total operating income for the year fell by 28.17% year-on-year, and its parent net profit fell by 11.46% year-on-year.

Data source: Wind

Regarding the decline in overall performance throughout the year, Gree Electric said that in the first half of 2020, the epidemic will have a greater impact on the offline retail market of the domestic air-conditioning industry. In order to adapt to market changes, the company promoted the new retail model nationwide, steadily promoted changes in sales channels and internal management, and implemented active sales promotion policies. With the effective integration of online and offline, the channel efficiency of the company’s products has improved, channel costs have been reduced, and market competitiveness has further improved. The performance in the second half of 2020 will gradually pick up.

In terms of quarters, Gree Electric’s performance in the fourth quarter of 2020 is exceptionally outstanding. Its 2020 third quarter report shows that the net profit attributable to shareholders of listed companies in the first three quarters of 2020 will be 13.699 billion yuan. In other words, Gree Electric’s net profit attributable to shareholders of listed companies in the fourth quarter of 2020 was 8.476 billion yuan, the highest in the four quarters, accounting for about 38.22% of the annual net profit.

Data source: Wind

On the evening of April 14, Gree Electric also disclosed its performance forecast for the first quarter of 2021. It expects to achieve a total operating income of 32 billion-36.5 billion yuan in the first quarter, an increase of 11.1 billion-15.6 billion from the 20.9 billion in the same period in 2020 Yuan; net profit attributable to shareholders of listed companies was 3.21 billion-3.8 billion yuan, a year-on-year increase of 106%-144%.

Gree Electric said that in the first quarter of 2021, the company’s revenue and profit increased significantly compared with the same period last year. The main reasons are as follows: In the first quarter of 2020, due to the impact of the novel coronavirus pneumonia epidemic, and the new energy efficiency standards intensified industry competition, the company’s short-term performance was under pressure. In the first quarter of 2021, the company steadily promoted the reform of sales channels and internal management, implemented active promotion policies, and promoted performance recovery by leveraging on brand, technology and channel advantages.

The Economic Observer Network reporter noted that Gree Electric expects to double its net profit in the first quarter of 2021 due to the impact of the epidemic in the performance of the first quarter of 2020 and a low base. However, compared with the net profit in the fourth quarter of 2020, its net profit in the first quarter of 2021 has dropped significantly from the previous quarter, which is expected to decrease by 4.676 billion yuan to 5.266 billion yuan.

As of the close of April 14, Gree Electric reported closing at 59.92 yuan per share, with a total market value of 360.5 billion yuan.

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.

AAA said that at the end of the first quarter of 2021, the recorded revenue reached 2,280 billion dong, up 45.04% over the same period last year, equivalent to an increase of 708 billion dong. Profit after tax in the first quarter of 2021 reached VND 89 billion, an increase of 41.27% over the same period last year, equivalent to an increase of VND 26 billion.

Regarding the business plan for the second quarter of 2021, AAA’s Board of Directors has approved the target of total consolidated revenue of VND 2,500 billion, consolidated profit after tax of VND 120 billion, up 138.05% and 162.16% respectively. compared with the same period last year.

AAA shares have grown strongly since the beginning of the year. Specifically, AAA shares currently increase by more than 20% compared to the market price at the beginning of the year on 4/1/2021 (14,550 VND / share).

In 2021, SBSI Securities Company forecasts that AAA’s revenue will reach VND 8,895 billion, an increase of 19.7%; AAA’s after-tax profit reached VND 621 billion, 2.2 times higher than that of 2020. In which, the profit dropping point came from 3 segments: industrial real estate, packaging and self-produced products. biodegradation continues to increase.

Specifically, the real estate segment rebounded thanks to the remaining area revenue of An Phat Complex Industrial Park and the new project An Phat 1 Industrial Park started commercial exploitation from the third quarter of this year. In addition, the production of packaging continues to increase thanks to the optimization of equipment productivity and the contribution from Jumbo bags of An Vinh Plastic and Packaging Company.

SSI Securities Company has also had a positive assessment report related to AAA. According to SSI, AAA has positive growth prospects in both the packaging segment and industrial real estate. In particular, the industrial park is expected to be the biggest profit growth driver this year, with gross profit estimated at VND 205 billion (up 118% year on year) in 2021.

AAA plans to lease the remaining 10% to An Phat Complex Industrial Park in 2021. In addition, An Phat 1 Industrial Park is in the process of site clearance, scheduled for commercial exploitation by the end of 2021 and will generate about VND 200 billion in revenue and VND 50 billion in profit this year.

On the other hand, SSI estimated that the output of plastic packaging could increase by 9.2% over the same period, reaching 112 thousand tons. Conventional packaging output may increase at a more stable rate of 3% with recovery in worldwide demand. Consumption of industrial packaging is also expected to more than double to 9 thousand tons from 3.5 thousand tons in 2020, due to the contribution of subsidiary An Vinh in the whole year 2021.

In addition, the profit margin of thin film packaging could also be improved due to the greater profit from self-destructing products, which is expected to account for 20% of total packaging sales in 2021, compared to with the rate of 10% in 2020.

AAA stock is recommended to buy with a positive prospect.

Pha Lai Thermal Power: Q1 profit slightly increased to VND138 billion despite a 51% decline in revenue.

Revenue in the first quarter of Pha Lai Thermal Power reached more than VND 1,078 billion, down 51% compared to the same period in 2020. Subtracting more than VND 1,048 billion of COGS, Pha Lai Thermal Power earned only nearly 30 billion VND of gross profit, while the first quarter of 2020 recorded more than 168 billion dong.

Pha Lai Thermal Power’s gross profit margin fell sharply to 2.77%, 4.77 percentage points difference over the same period in 2020.

The Pha Lai Thermal Power side said that the power output produced in the first quarter of the year reached 849.66 million kWh, 891 million kWh lower than in the first quarter of 2020, making low revenue from electricity sales and profit from power generation. also affected decrease.

Notably, the company’s financial activities recorded a sudden increase in revenue to more than 119 billion dong, nearly 5.8 times higher than the first quarter financial revenue of 2020. Thanks to that, the profit earned from this activity is also 5 times higher than the same period to over 97 billion dong.

According to Pha Lai Thermal Power, in the first 3 months of 2021, this company has received 97 billion dong of dividend from Hai Phong Thermal Power Joint Stock Company. It is known that Hai Phong Thermal Power in the first quarter has paid 2 dividends in 2020 to shareholders with a total rate of 10%.

This company also plans to submit to the annual shareholders’ meeting in 2021 to pay additional dividends in 2020 at the rate of 14.25%, increasing the total profit distribution rate in 2020 to 24.25%. If the shareholder meeting of Hai Phong Thermal Power approves this content, in the coming time, Pha Lai Thermal Power will continue to record positive signals from financial activities.

Closing the first quarter, Pha Lai Thermal Power reached VND 138 billion in profit after tax, a slight increase of 2% over the same period in 2020.

In 2021, Pha Lai Thermal Power Board plans to submit to the AGM a business plan going backwards with revenue down 32%, pre-tax profit down 66%, standing at VND 5,658 billion and VND 415 billion respectively.

Dividend rate in 2020 submitted to the meeting is 59%, of which the company has paid in advance 481 billion dong, equivalent to 15%.

With the results achieved in the first quarter, Pha Lai Thermal Power has completed 19% of the revenue plan and more than 35% of the profit plan.

As of March 31, 2021, the company’s total assets reached more than VND 6,715 billion, down 7% compared to the end of 2020. In which, cash and cash equivalents decreased sharply by more than 66% to 92 billion VND. . Short-term receivables from customers also decreased by 35% to more than 975 billion.

Total liabilities at the end of the first quarter of 2021 reached VND 478 billion, a decrease of over 36% compared to the end of 2020, of which the decrease was mainly in short-term payables to sellers.

Thanks to improved revenue, Halico’s gross profit also increased sharply to 11.3 billion dong, 2.7 times higher than the same period. However, because cost of goods sold and selling expenses still accounted for a large proportion, profit after tax in the first quarter of 2021 still suffered a loss of 1 billion dong but decreased by 88.4%, equivalent to a loss of 7.59 billion dong. with the same period in the first quarter of 2020 (loss 8.62 billion dong).

Net revenue in the first quarter of 2021 increased by nearly 10 billion dong compared to the first quarter of 2020.

In 2021, Halico targets net revenue of 115 billion dong and pre-tax loss of 31 billion dong. Thus, the company’s revenue target after the first quarter has been completed by 31%.

In 2020, Halico had a loss of 31 billion dong. However, this loss was lower than in 2019 (a loss of 65 billion dong) was thanks to the significant reduction in expenses. This is the 5th consecutive year this business has fallen into a loss situation.

Halico continuously fell into a state of loss.

According to Halico, the company has difficulty doing business due to changing and stricter tastes and requirements of consumers. In that context, Decree 100 strictly controls the consumption of alcohol and beer products, contributing to the decline in sales.

Halico outlined a development plan to open new showrooms. Besides, Halico continues to maintain and develop the Restaurant channel; search for consumer markets for 96% vol alcohol, 70% vol alcohol and HaliClean hand sanitizer.

Halico, formerly known as the Hanoi winery, was established in 1898 at 94 Lo Duc. The period 2008-2012 was when Halico achieved rapid growth in revenue, affirming its number one position in the wine industry of the country. However, Halico’s sales and profit figures plummeted in the two years 2013-2014 and started to sink in losses since 2015 up to now.

As of March 31, 2021, Halico’s total assets were only VND388 billion, down 7 billion from the beginning of the period, accumulated loss of VND445 billion increased by 31 billion compared to the beginning of the period.

The controversial “choose 1 in 2” strategy in the past five years in China has finally become qualitative in imposing monopolistic business practices, and Alibaba has become the first “victim” to gender. This country’s official “stunned”.

Penalties of up to 18,288 billion yuan ($ 2.8 billion) issued by China’s State Market Supervision Department against Alibaba account for 4% of the group’s 2019 revenue.

The group of billionaire Jack Ma has continuously encountered bad luck in recent times.

Not merely a punishment, the meaning of the case went far beyond its original purpose. This is said to be a warning to the entire Internet industry in China, and the move also shows Beijing is accelerating its war of antitrust against big tech companies.

Alibaba: “Big trees catch the wind”

In fact, legal disputes over Alibaba’s monopoly conduct have long existed. Starting in November 2015, Alibaba’s “choose 1 in 2” policy under Jack Ma was accused of disrupting the e-commerce market and many platforms repeatedly called for a boycott of this behavior.

It was not until December 2020 that the State Market Administration of China conducted the first antitrust investigation and a final decision was made. Basically, Alibaba immediately expressed its attitude to cooperate with the authorities. “We recognize that today’s penalty is a warning and motivating us, it is a standard and concern for the industry’s development,” an Alibaba representative said in the Letter. customers and the public.

In the opinion of many market analysts, that penalty is inherently beneficial for Alibaba, because conservative policies in recent years have made them gradually lag in e-commerce. This also allows the Internet economic platform to re-focus on sustaining innovation, instead of relying on dominant positions to “protect” the market. More importantly, the warning for Alibaba will form a strong competitive advantage in the market in the future.

Other platforms started to be wary

In addition to warning Alibaba, the penalty serves as a deterrent to the entire Chinese internet industry. After all, the problem of monopoly is not limited to just one platform and with the current scale of operations, it is completely understandable that Alibaba is being targeted first.

Over the years, the platform economy has benefited from the rapid growth and popularity of the Internet. Based on the cumulative effect, the platforms quickly formed certain areas, especially e-commerce. Up to a certain stage, natural monopoly properties will arise and the larger the platform scale, the more obvious the advantage.

However, “if the platforms misuse this advantage, leading to the formation of unfair competition, the behavior is suspected to be illegal”, the punishment that the Administration Department oversees. China has proved it. Realizing the risk, many leading e-commerce platforms such as Taobao, Tmall, JD, 1688 … started to change policies to avoid becoming the next victim of the regulator.

The Internet antitrust campaign in China is accelerating

“This time Alibaba was fined and signaled that relevant departments had tightened antitrust oversight of the platform economy. I believe there will be other antitrust enforcement cases in the future, not just this one, “said a researcher at the Center for Intellectual Property Research, University of Political Science and Law.

In addition, strengthening antitrust and preventing capital expansion causing market disruption is also the Chinese government’s consistent attitude, which was specifically mentioned at the Central Economic Work Conference held. at the end of last year. However, from the development context over the years, the monopoly monitoring here still has a certain delay.

With the rapid development and changing of Internet economic platforms, law enforcement or administrative governance need to keep up with the times, forcing the Chinese authorities to speed up the antitrust war. This is expected to create fair competition and maintain standardized market vitality in the future.