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Nanjing, Jiangsu： Focus on the 2023 Golden Fair ｜ After three years and thousands of miles, Qin Huai holds hands with Meituan

2024年8月22日 | admin | gjdhjhkfh

Not long ago, Qinhuai District and Meituan reached a cooperation intention, the two sides signed a strategic cooperation agreement, and the Meituan Jiangsu project landed in Qinhuai District. The signing of this cooperation agreement took 3 years and 1300 kilometers of time and space.

picture

At around 8 a.m., during the morning rush hour, at Zhangfuyuan Subway Station, four members of the Chaotiangong Street Urban Management Department were busy, arranging the shared bicycles at the subway entrance neatly to ensure the smooth passage of people and vehicles at the subway entrance.

At a glance, the bright and bright yellow "Meituan" has become the "main force" of shared bicycles at the Zhangfuyuan subway entrance. Data show that Meituan’s market share in Qinhuai District accounts for about 80% of the region’s total, double that of a year ago.

The share of Meituan shared bicycles in Qinhuai District has increased significantly

There is also an investment story behind

Makes Meituan Jiangsu project and Qinhuai District "hand in hand" successful

This cooperation originated from a visit in 2020. Three years ago, when Chaotiangong Street in Qinhuai District visited the Ping An Financial Center Building located at Xinjiekou, it was found that Meituan Daojia, Meituan takeaway and other business lines had settled in the building. "At that time, we felt that this was an opportunity, so we decided to take the initiative to’break the ice ‘." The relevant person in charge of Chaotiangong Street recalled. The next day, the street came to visit, hoping that Meituan would land more business lines in Qinhuai District. "Rejected" by investment promotion personnel is "common food", and "finding a way" is a must-answer question. After more than ten visits, the Qinhuai District investment promotion team learned that Meituan was preparing to land some business sectors in Hefei, Chengdu and other places.

"We seized the opportunity, grasped the time difference, and arranged for a special person to seamlessly connect the project as soon as possible," said the relevant person in charge of Chaotiangong Street. District leaders immediately led teams to Beijing and Shanghai to visit Meituan Company, with a thick stack of materials combed overnight, to promote investment resources and business environment in both directions. In the past three years, although there was the impact of the epidemic, he alone went to Beijing and Shanghai four or five times to communicate face-to-face with Meituan, and the number of online and telephone communications was countless.

The 1,300-kilometer journey has narrowed the distance between Meituan and Qinhuai District. During the negotiation process, Meituan’s unintentional request to increase the market share of shared bicycles in Ning has been highly valued by Chaotiangong Street, Qinhuai District and even Nanjing City. It is also this opportunity that makes Meituan finally decide to keep the Jiangsu project in Qinhuai.

The maintenance and management of bicycle order in the old city is very complicated, and the backlog of bicycles is serious. How to ensure that Meituan shared bicycles increase the quota, and at the same time do a good job in operation management? Qinhuai District Urban Management Bureau, Chaotiangong Street and Meituan Company have conducted many on-the-spot surveys on the location of shared bicycles, scientifically and rationally laid out them, and strengthened operation management and dynamic management through intelligent algorithms, real-time monitoring, and increased manpower investment.

According to the relevant person in charge of the Urban Management Department of Chaotiangong Street, the Street Urban Management has implemented five measures of "designating people, fixing posts, timing, setting scope, and setting standards" for subway entrances, popular business districts, and key road sections. Congestion sections and peak periods are centrally rectified to improve the "dredging" effect of shared bicycles, effectively solve the problem of parking and management of Meituan shared bicycles in the Qinhuai area, and form a "ecosystem" of Meituan Company’s regional operation in Qinhuai.

At the same time, in Chaotiangong Street, where Meituan has settled, there are as many as 3,000 small and micro merchants, and the Meituan platform covers 100% of the merchants. In the future development, the Meituan Jiangsu project will realize the full settlement of the entire industrial sector, carry out the pilot construction of the real-time consumption system, create an online and offline convenient life circle, and continuously improve the digital operation level of merchants.

Meituan Jiangsu project settled in Qinhuai District

It is a microcosm of the continuous hard work of Qin Huai’s "investment promotion people"

Since this year

Qinhuai District will do a better job in attracting investment with greater efforts

Building a strong industrial city and empowering high-quality development

As of the end of July, Qinhuai District had achieved a total investment of 28.75 billion yuan in contracted projects, the actual total investment was 7.75 billion yuan, 52 billion yuan projects were registered, and 24 were started or operated. Won the "red flag" incentive for the success of the city’s investment promotion ratio, and the first quarter target task progress award of the Municipal Investment Promotion Bureau. Successfully signed 49 billion yuan projects such as the China Consumer Finance Headquarters and BBK Robot. As of the end of June, 4 large-scale projects, 3 high-quality industrial projects, and 2 headquarters projects were introduced. As of the end of August, 35 activities such as the promotion meeting of the Qinhuai District and the Southern New Town Headquarters Base (Hong Kong) in Nanjing and the promotion and exchange meeting of the jewelry industry in Qinhuai District in Nanjing were successfully held.

Editor: Li Zhuo

Proofreading: Xiong Xiangning

Review: Cang Shujun

Jackie Chan, China’s anti-drug propaganda ambassador, talks about the star’s drug-related heart is very painful

2024年8月19日 | admin | gjdhjhkfh

Special Topic: June 26 International Day Against Drugs

International movie star Jackie Chan today became China’s anti-drug propaganda image ambassador, talking about the star’s drug-related heart is very painful

　　On June 26, the International Anti-Drug Day, the National Narcotics Control Commission held a ceremony to hire international movie star Jackie Chan as China’s anti-drug propaganda ambassador.

　　Yang Fengrui, executive deputy director of the Office of the National Narcotics Control Commission and director of the Narcotics Control Bureau of the Ministry of Public Security, presented Jackie Chan with a letter of appointment and wore a ribbon. He hoped that Jackie Chan would actively exert his strong influence as a social celebrity, continue to care for and support the cause of drug control, and guide the public, especially young people, to resist drug abuse. International movie star Jackie Chan said that he would do his best to make more contributions to anti-drug publicity and education.

　　Jackie Chan became an ambassador for China’s anti-drug propaganda image. For the first time, he appeared in Studio 12 of CCTV’s Social and Law Channel. In a special program on the June 26 International Anti-Drug Day covered by the rule of law in China, he revealed his heart. The following is the program transcript:

　　Jackie Chan, China’s anti-drug propaganda ambassador: They are also patients

　　Host: Jackie Chan came to our studio today because he just received an appointment letter from China’s anti-drug propaganda ambassador in the morning. This appointment letter should be said to be quite precious. I think you have many ambassadorial titles. What is the difference between this ambassador and others?

　　Jackie Chan, China’s anti-drug propaganda ambassador: Although I have a lot of ambassadors on my back, in fact, you don’t give me any ambassadorship, and I do the same job. Now give me this title to see you alone, I can’t do things, I really can’t do things, I rely on some officials below, some police officers, and the public to do it together, to report drug traffickers and help those who take drugs, because they are also patients.

　　Three years after the start of the People’s War on Drugs, the proportion of young people infected with drugs has been greatly reduced

　　Host: Well said, patient, this is a change in perspective and concept for the overall social cognition. Director Yang Fengrui, you awarded the letter of appointment this morning. Why did you choose Jackie Chan as the anti-drug image publicity ambassador?

　　Yang Fengrui, executive deputy director of the National Drug Control Commission and director of the Narcotics Control Bureau of the Ministry of Public Security: Now the drug problem is relatively harmful, and the country is deploying the whole country to launch a war on drugs, which requires the extensive participation of the whole society. So it is very necessary for public figures and some celebrities to come out to participate in the public welfare cause of drug control and offer a love, so our National Drug Control Commission has specially selected some celebrities to be image ambassadors for drug control publicity

　　Host: Just now I noticed that Bureau Yang mentioned a term called people’s war, which can be said to be a very strict and demanding attitude of the Chinese government towards drug control. Do you have any specific goals and arrangements for the next step to continue to deepen this people’s war?

　　Yang Fengrui, Executive Deputy Director of the National Drug Control Commission and Director of the Narcotics Control Bureau of the Ministry of Public Security: The people’s war on drugs has been going on for three years. In 2004, General Secretary Hu Jintao instructed that we should attach great importance to the harm of drugs and organize a people’s war on drug control and AIDS prevention to solve the drug problem. In this way, the Party Central Committee and the State Council have made arrangements to launch a people’s war on drugs across the country. After three years of efforts, we have achieved remarkable results in terms of prevention and education, drug rehabilitation, combating drug crimes, management of drug-producing substances, and international drug control cooperation. Now we are facing the drug problem, which is still not optimistic. There are five aspects that are relatively prominent. First, the problem of overseas drug inflow is still a very prominent problem. Second, the problem of making and selling methamphetamine and ecstasy pills in some areas of China Third, it is difficult to consolidate the withdrawal of traditional drugs from heroin. Fourth, the spread and development of new drugs has brought us some new problems. Fifth, chemicals, the rationing of raw materials for drug production, are still very prominent in the illegal flow.

Hong Jinbao refuted the rumor that Jackie Chan resigned for a new film, and Andy Lau exposed that he was often beaten

2024年8月15日 | admin | gjdhjhkfh

Samuel Hung gives a play to Andy Lau
　

　　 On September 21, the film "" directed and starred by Hong Jinbao, produced and starred by Andy Lau, was first opened to the media in Vladivostok, Russia. The scenes filmed on the set that day were quite popular and exciting. Andy Lau fought to stage scenes such as window jumping and car chasing in the center of Vladivostok, while director Hong Jinbao took control of the situation on the spot. At present, the film has entered the final shooting stage.

　　 After many years, Andy Lau and Hong Jinbao once again fought on the screen, and outside the play as a tacit partner of the producer and director of the film. Talking about the role in the play, Andy Lau revealed that this time he was purely a bad guy, "not only gambling money, but also beating women." Although there are many action scenes in the film, Andy Lau said that he was very easy to shoot because he was only "responsible for being beaten". And Jackie Chan, who was supposed to make a cameo, was revealed to have resigned due to the drug abuse of Jaycee Chan. In this regard, Hong Jinbao explained that Jackie Chan’s resignation was actually long before Jaycee Chan’s accident, because the schedule was not suitable.

Andy Lau as "Bad Guy"

Andy Lau’s new film actors are often beaten, and Hung Jinbao exposes his last time as a director

　　 The story takes place in a small town on the northeastern border. Li Zhengjiu (Andy Lau, played), a small character, is accidentally involved in the fight between the local gangs, and his daughter Chunhua is in danger. Lao Ding (Hong Jinbao, played), a retired army officer who loves Xiaochun, stands up to save the girl and fights the gangsters.

　　 After working together again many years later, Andy Lau said that the acting was all due to the deep friendship with Hong Jinbao. "It is rare for my eldest brother to be a director. I have never had the opportunity to help him produce, but now I have the opportunity to make a movie together." As for the role in the play, Andy Lau revealed that although he played a down-and-out father, he was not a good person: "My first scene in the play was to beat a woman, and I often gambled money to raise my daughter alone, but I was incapable and lived a very poor life." At the same time, Andy Lau also said that he did not play a lot in the play because "I was always beaten by people."

　　 Mr. Hung, who is directing the film again, says he was moved by the script, and there are many moving scenes in the play in addition to the wonderful action scenes. This time, as a director, starring role and action director, Mr. Hung said he was exhausted enough: "As soon as the movie was halfway through, I said I would never direct the next movie again."

Hong Jinbao said that Jackie Chan did not quit because of his son, and has not comforted the other party so far

　　 Recently, some media reported that Jackie Chan, who originally starred in the new film, resigned due to the drug abuse incident of Jaycee Chan. On the scene of the shooting, Hong Jinbao clarified the matter, saying that Jackie Chan’s own film was also being prepared, and the resignation was due to the inappropriate schedule: "He really didn’t come because of his son. He told me before his son happened that he couldn’t come."

　　 As Jackie Chan’s close friend, Hong Jinbao also expressed his sadness when talking about the arrest of Jaycee Chan’s drug use. "I am also a parent, and I have the same feelings. I hope my grandparents are safe." But Hong Jinbao revealed that he did not comfort Jackie Chan about this matter: "As soon as you comfort him, your heart becomes more sour. Why bother? Our feelings do not need to be said."

Samuel Hung directed the tube after seventeen years, and Andy Lau came to help

Hong Jinbao directed and invited the stars to join, don’t worry about not enough parts

　　 After seventeen years as a director again, Hong Jinbao invited a group of friends to join the new film. In addition to Andy Lau, Chen Peiyan and other starring stars, there are also stars such as Feng Shaofeng, Peng Yuyan, Zhu Yuchen, Hu Jun, Xu Ke, Mai Jia, Shi Tian, Xiao Songjia and so on. As the first of the Seven Xiaofu, under the call of Hong Jinbao, a group of teachers and sisters Yuanbiao, Yuanqiu, Yuanhua, Yuanbao, Yuanting and other stars also came to make cameos, and the lineup can be called luxurious.

　　 In the face of many old friends and colleagues, Hong Jinbao said that the shooting was a good time to renew the friendship: "As soon as I became a director, I also came and went, and the friendship was still maintained so well, I am really happy." With a lot of actors, it is inevitable that the scenes will be difficult to balance, but Hong Jinbao said that the guest stars do not care about the supporting roles of the protagonists. "Because this drama is not for them, it is for me. The scenes for them are just right to have a fun feeling. If there are too many, it will not be fun."

China Evergrande and Hengda Properties announced today that they will resume trading

2024年8月9日 | admin | gjdhjhkfh

On the evening of the 2nd, China Evergrande and Hengda Properties announced on the Hong Kong Stock Exchange that the company has applied to the Stock Exchange to resume trading at 9:00 am on October 3.

On September 28, China Evergrande announced on the Hong Kong Stock Exchange that the company had received a notice from relevant departments that Mr. Xu Jiayin, the executive director and chairperson of the board of directors of the company, had been taken compulsory measures according to law on suspicion of illegal crimes.

On the morning of September 28, Hengda’s listed companies China Evergrande, Hengda Automobile, and Hengda Property collectively suspended trading on the Hong Kong Stock Exchange.

On the afternoon of September 27, Hengda’s listed platform stock price suddenly fell. As of the close, China Hengda fell 19%, with a total market value of 4.20 billion Hong Kong dollars; Hengda Automobile fell 20%, with a total market value of 6.10 billion Hong Kong dollars; Hengda Property fell 14.5%, with a total market value of 6.40 billion Hong Kong dollars. The total market value of the three major platforms is only 16.70 billion Hong Kong dollars.

A criminal law expert said in an interview with reporters at the time that according to Evergrande Group’s announcement, the company should have received a precise notice, and the notice classified Xu Jiayin as "suspected of illegal crimes" and was subject to coercive measures. It is common sense to guess that in the case of notification by relevant departments, the coercive measures taken are likely to be different from the "residential surveillance" misreported by foreign media.

The above-mentioned criminal legal experts said that in the context of the early investigation of Hengda Real Estate by the China Securities Regulatory Commission and the criminal coercive measures taken by the public security department against Hengda Fortune Du and other suspected criminals, the result of Xu Jiayin’s suspected illegal crime should not surprise too many people. Public opinion has paid more attention to "when" to take action. Judging from the current public information, the issues involved in him are likely to be related to multiple crimes, which are very complicated and may take quite some time to clarify.

It is worth noting that Hengda Automobile, which was suspended at the same time as China Hengda and Hengda Property, did not resume trading at the same time. On the last trading day before the suspension of Hengda Automobile, the share price was HK $0.56/share, and the total market value was HK $6.073 billion.

Source | Yangcheng Evening News ? Yangchengpai Comprehensive Securities Times, 21st Century Economic Report, etc
Editor in Charge | Zheng Zongmin

BYD Qin PLUS DM-i went on sale for 105,800 yuan.

2024年8月8日 | admin | gjdhjhkfh

On March 8th, the new plug-in hybrid car Qin PLUS DM-i was officially launched. There are four new models with the price range of 105.8-145.8 million yuan.

Compared with the traditional plug-in hybrid with fuel as the main power, Qin PLUS DM-i is equipped with the latest DM-i super hybrid system. The system provides the main power source through high-power motor and high-energy blade battery, and the whole system is mainly electricity, with lower energy consumption and no discount on performance. Taking Qin PLUS DM-i as an example, the acceleration time from 0 to 100 km/h is 7.3s, and the fuel consumption is 3.8L/100km.

Qin PLUS DM-i can be regarded as an upgraded model of Qin. The outline of Qin PLUS DM-i is somewhat similar in appearance, but the new car uses a more fashionable DragonFace 2.0 design, which is sharper in the shape of the front face and the front and rear light groups. The front grille has a larger area and a stronger gas field.

The transition between the front face and the side wall of the new car is clear and clear, and the size of the multi-strip aluminum alloy wheel hub is further increased, which looks more sporty. In terms of dimensions, the length, width and height of the new car are 4765/1837/1495mm and the wheelbase is 2718mm respectively.

The latest design style used by Qin PLUS DM-i in the interior, such as the style of IP platform, the shape of air conditioning outlet and the layout of shift lever area, is closer to Han’s, and it looks luxurious and has a good sense of texture.

The full LCD instrument of the new car is relatively small, which shows some driving-related information more simply and directly, such as power, endurance, speed, energy output status and so on.

The rotatable suspended central control large screen is still the core attraction of the car interior, and it is equipped with the latest DiLink intelligent car-machine interaction system, which is rich in expansibility and extremely playable.

In terms of power, Qin PLUS DM-i is divided into two versions: pure electric battery life of 55km and 120km. The 55Km version adopts EHS132 electric hybrid system, with a maximum power of 160kW, an acceleration of 7.9 seconds per 100 km and a comprehensive battery life of 1180km；. The 120km version adopts EHS145 electric hybrid system, with the highest power of 173kW, the acceleration time of 100km of 7.3 seconds, and the comprehensive battery life of 1245km. The fuel consumption of both versions is 3.8L per 100 kilometers in the state of power loss.

The 55Km version of Qin PLUS DM-i is equipped with an 8.3kWh "blade" lithium iron phosphate battery, which supports AC slow charging. The 120km version of Qin PLUS DM-i is equipped with a lithium iron phosphate battery with a total energy of 21.5kWh. In addition to the common AC slow charging, it also adds a DC fast charging function, which is rare in plug-in hybrid vehicles.

Editor’s summary:It is foreseeable that Qin PLUS DM-i should be able to contribute considerable sales in 2021. This model, which is grounded enough in price, rich in configuration and well-balanced in power system, will not only compete in the same level of hybrid and plug-in models, but also grab some markets of 100,000-class traditional fuel sedan.

It is reported that among the three new models equipped with DM-i super hybrid, Qin PLUS DM-i has the highest pre-sale order volume so far.

Wang Jianlin’s New Direction：＂Abandon the Heavy and Reduce the Light＂, Reconstructing the Cultural Tourism Map

2024年7月16日 | admin | gjdhjhkfh

Image source: ICphoto

Although there is still uncertainty about the listing at the end of the year, it has not affected the normal operations within Wanda Group.

Blue Whale Finance found through the official website of Wanda Group that since the beginning of this year, Wanda Group Chairperson Wang Jianlin has led a team to reconstruct the cultural tourism map in many places across the country, and has signed strategic cooperation with the governments of Luoyang, Henan, Deyang, Sichuan, Zhangjiajie, Shanxi Datong, Yichun, Heilongjiang, and other places to cooperate around the cultural tourism industry.

On August 3 this year, Wanda Group announced through its official website that it would rename its Wanda Cultural Group to Wanda Cultural Tourism Group. Blue Whale Finance recently learned from people close to Wanda that, unlike previous cultural tourism projects, the future Wanda Cultural Tourism will "abandon the weight and lighten the weight". Like Wanda Plaza, asset-light cultural tourism is the main direction.

Restart the cultural tourism industry

According to Wanda Group’s official website, Wanda currently includes business management groups, cultural tourism groups and investment groups. Among them, the business sectors of the cultural tourism group, in addition to film and television, sports, and baby king, there are also four cultural tourism projects and cultural tourism planning and design institutes. The four cultural tourism projects are Changbai Mountain International Resort, Wuhan Central Cultural District, Lanzhou Wanda City, and Yan’an Red Street.

The above-mentioned sources told Blue Whale Finance that Wanda Cultural Tourism is a business sector that Wang Jianlin has always wanted to do. After selling Wanda Cultural Tourism to Sunac, Wanda has not stopped expanding its cultural tourism projects.

In February this year, Wanda established a comprehensive strategic cooperative relationship with Luoyang, and took the Longmen Tourist Resort project in Luoyang as the first major cooperation project. On April 10, Wanda signed a contract with Sichuan Deyang for the Sanxing Lake Wanda five-star hot spring resort hotel and international cultural tourism project. On April 12, Zhangjiajie Tourism Group announced that it signed a strategic cooperation framework agreement with Wanda, and the two sides will cooperate on the Dayong Ancient City project. In June, Wanda signed a comprehensive strategic cooperation agreement with the Datong Municipal Government and Datong Cultural Tourism Investment Group respectively, mainly on the cooperation of Datong Ancient City. In August, Wanda signed a strategic cooperation agreement with the Yichun Municipal Government and Yichun Sengong Group to plan in-depth cooperation in the cultural tourism industry and other fields.

In addition, since the beginning of this year, Wang Jianlin has led a team to visit many places and exchanged discussions with local governments, including Pinggu District, Beijing, Changchun, Jilin, Libo County, Qiannan Buyi and Miao Autonomous Prefecture, Guizhou, and Suqian, Jiangsu. This year’s August-September is particularly concentrated.

According to the official website of the Yichun Municipal Government, on August 16 this year, Sui Hongbo, Secretary of the Yichun Municipal Party Committee, met with Wang Jianlin, Chairperson of Dalian Wanda Group, and the two sides exchanged ideas on cooperation in cultural tourism and other fields. Wang Jianlin said that Wanda will give full play to the successful experience in the development of the cultural tourism industry accumulated over the years. Relying on Yichun’s valuable resources and the upcoming high-speed rail era, it will actively plan for cooperation between the two sides, strengthen planning and design on the "ice and snow", and do a good job in innovative articles.

According to the official website of the Beijing Pinggu District Government, on August 26 this year, Pinggu District and Wanda Group held a symposium. Tang Hailong, Secretary of the Pinggu District Party Committee, hoped that Wanda would actively participate in the construction of the "Pingyu dual-use" rural revitalization Jinhai Lake core area. Wang Jianlin said that Wanda would give full play to its own advantages in cultural tourism, hotel operations, etc., and select a representative, exemplary and leading project group as soon as possible to study and formulate a planned operation plan to help the construction of the "Pinggu dual-use" core area with practical actions.

According to the official website of the Suqian Municipal Government, on September 5 this year, Chen Zhongwei, Secretary of the Suqian Municipal Party Committee, met with Wang Jianlin, Chairperson of Wanda Group, and Wang Jianlin said that Wanda Group will give full play to its own advantages, rely on Suqian’s superior ecological resources, and further increase cooperation in areas such as cultural tourism.

"Cultural tourism industry" is a common keyword mentioned by local governments and Wanda.

Wanda Tourism Industry was established in October 2013 and belongs to Wanda Culture Group. In 2014, Wanda Tourism revenue was only 7.50 billion yuan, but by 2016, Wanda Tourism revenue had reached 17.43 billion yuan, an increase of nearly 40% year-on-year.

Wanda’s tourism brand "Wanda City" has not only opened one after another across the country, but also began to enter overseas, signing two large-scale cultural tourism projects in India and Paris in 2016. Wang Jianlin said at the time that by 2025, 25 Wanda Cities will be opened worldwide, of which 5 will be opened overseas. "First, it is possible to gradually accumulate and become a leading brand in terms of business scale."

However, in 2017, due to financial problems, Wanda transferred 91% of the shares of 13 cultural and tourism projects to Sunac for 43.844 billion yuan, which was called "M & A of the Century".

It was the industry consensus at the time that Wanda would give up the cultural tourism industry, but Wanda said in a subsequent statement: "As China’s earliest pioneer in the cultural tourism industry, Wanda has always been optimistic about the development prospects of China’s cultural tourism industry. In the future, Wanda will continue to invest in the cultural tourism industry. Its cultural tourism group (including planning, construction and project management departments) will continue to be an important industrial group of Wanda for sustainable development."

Wanda said that it will continue to invest in the cultural tourism industry in the future, retain the backbone team of the cultural tourism industry, and reorganize the Cultural Tourism Planning Institute, Cultural Tourism Construction Center, and Cultural Tourism Management Company.

From the start of the Changbai Mountain cultural tourism project a decade ago, Wanda has never given up its ambition to expand the cultural tourism industry. The above-mentioned person familiar with the matter said that, unlike the previous "land acquisition-development" asset-heavy model, Wanda’s future cultural tourism industry will be mainly asset-light operation. "The land is still owned by the local government, and Wanda only manages and operates and exports brands."

It is reported that Wanda Neijiang Cultural Tourism City, located in Sichuan, is scheduled to open at the end of this year and will become an important tourist destination in Chengdu and Chongqing and a new business card for Neijiang City.

Whether it will go public at the end of the year is still up in the air

For enterprises, the asset-light model will undoubtedly greatly reduce the pressure on capital.

According to Wanda’s official website, as of December 31, 2022, 473 Wanda plazas have been opened across the country, and Blue Whale Finance has learned that half of them are asset-light projects. In addition, at the end of this month, Beijing will open two more Wanda plazas at the same time, both of which are asset-light projects.

On August 31, Wanda Commercial Management disclosed that the interim report of corporate bonds showed that the operating income in the first half of 2023 was 25.452 billion yuan, an increase of 4.30% year-on-year; the gross profit margin was 64.63%, an increase of 1.53 percentage points year-on-year.

Among them, the hotel operating business revenue rose the most significantly, up 103.84% year-on-year, with gross profit margin increasing by 17.67 percentage points. Other business revenue rose 3.05%, and gross profit margin increased by 2.1 percentage points.

Wanda Commercial Management plans to spin off the listed subsidiary Zhuhai Wanda Commercial Management’s total assets are 22.886 billion yuan, net assets are 7.233 billion yuan, the operating income during the reporting period is 27.12 billion yuan, and the main business profit is 12.984 billion yuan.

The net cash flow generated by Wanda Commercial Management’s operating activities in the first half of the year was 11.852 billion yuan, an increase of 41.6% year-on-year. The balance of cash and cash equivalents as of the end of the first half of the year was 14.692 billion yuan. As of the end of the first half of the year, Wanda Commercial Management’s consolidated interest-bearing liabilities were 141.283 billion yuan, of which the interest-bearing liabilities due within one year were 29.257 billion yuan.

After experiencing a period of debt repayment pressure, Wanda also ushered in good news. On September 12, a domestic debt "200,000 01" repo bond owned by Wanda Commercial Management has been repaid. The repo payment amount is 3.79 billion yuan, which is close to the full repurchase.

According to the announcement of Wanda Commercial Management, the bond code 175119, the issuance scale is 3.80 billion yuan, the bond maturity is 5 (3 + 2) years, the coupon rate is 5.58%, the issuance start date is September 7, 2020, and the maturity date is September 9, 2025 9 (postponed in case of holidays), but in the third year, that is, when it expires in 2023, the issuer has the option to adjust the coupon rate and the investor’s right to sell back.

The person close to Wanda said that after the completion of the bond sale and payment, Wanda Commercial Management has no public overseas debt maturity risk this year. "Wanda’s business model is very clear, the return on assets is expected to further improve, and there is little pressure on public market debt in the next few years."

However, whether Zhuhai Wanda Commercial Management can go public smoothly at the end of this year remains unresolved and remains the biggest hurdle facing Wanda.

Reduce costs and increase efficiency, continuously improve efficiency, and achieve profitability in the rapid growth of KK Group

2024年7月13日 | admin | gjdhjhkfh

　　"Benefiting from a number of policy supports in expanding domestic demand and promoting consumption, the consumer market continues to improve." Recently, media reported that 21 brokerages are optimistic about big consumption. Not long ago, Industrial Securities overseas consumer industry research analysts released an industry tracking report "KK Group: A Trend Retail Group Winning with Products + Stores + Digitalization", which has attracted much attention from the market. Data show that since KK Group submitted its prospectus, many brokerages have released industry research reports.　

　　The above report believes that China’s trend retail market will grow at a compound growth rate of 19.5% from 2020 to 2025, and the market size is expected to reach 475 billion yuan in 2025. With its advanced digital information technology system, KK Group has effectively realized the improvement of operational efficiency by optimizing location selection, product selection, logistics chain management, inventory management and other supply chain links, thus driving the steady growth of the company’s performance.　

　　The report shows that the compound annual growth rate of GMV of KK Group in 2018-2020 is 246.2%, and the GMV of its main brand KKV in the first half of 2019, 2020 and 2021 is 97 million yuan, 1.156 billion yuan and 1.367 billion yuan respectively.　

　　Trend retail, as a popular track of new retail, has been favored by capital in recent years, but the industry is facing challenges under the influence of the epidemic, and some companies have lowered their performance expectations. Can KK Group withstand the test of the epidemic and achieve steady improvement in performance in the face of adversity? Under the test of the epidemic, KK Group, which has impacted the "trendy retail leading" of Hong Kong stocks, has conveyed to the market and investors what kind of efficiency improvement methods?　

　　Optimize the supply chain to continuously reduce costs and achieve "zero supply and consumption" three wins　

　　Trend retail refers to a new retail model characterized by the unique concept and style of products, creative and fashionable entertainment functions in design, and immersive shopping experience.　

　　As a representative of the rapid rise of the industry, KK Group has created the ultimate aesthetic space design with the insight of the current Generation Z consumer’s main force on the appearance and social needs, opened up the self-communication of KK Group’s brands on social media, and "open source" for the company’s performance growth. At the same time, KK Group also achieved effective "throttling" by effectively managing the supply chain system. According to public data, KK Group’s management fees continued to decline from 2018 to 2020, reaching 29.9%, 24.2%, and 17.1% respectively. In the first half of 2021, the management fee was only 8.4%, a year-on-year decrease of 13.1 percentage points.　

　　KK Group said in the prospectus that the company has simplified the layers of the supply chain through a supply chain management system and manufactured its own-brand goods by sourcing directly from third-party brand partners or hiring OEM and ODM contractors to reduce supply-side costs.　

　　From the prospectus data, KK Group’s own brand products have seen significant growth in recent years. The proportion of the company’s revenue from purchasing its own brand products from OEM and ODM contractors has increased from 1.4% in 2018 to 13.4% in 2021.　

　　On the other hand, KK Group’s control of supply-side costs includes innovative mechanisms such as "buyout system, 0 mid-platform fees, and shortening account period".　

　　The "buyout system" refers to the direct purchase of products from brand suppliers by way of buyout for a certain product. For KK Group, this move can not only ensure the supply of products, but also reduce the operating costs of suppliers stably, allowing consumers to buy high-quality and cheap products.　

　　The "0 mid-platform fee" means that in the process of product selection, listing, and sales, suppliers do not need to pay entry fees, stacking fees, listing fees, promotion fees, and new product fees to KK Group, which allows suppliers to have more security in terms of capital flow, better investment in new product research and development, and effectively guarantees the SKU update frequency of KK Group.　

　　In addition, unlike the long account period of traditional supermarkets, the buyout system adopted by KK Group is mainly based on monthly accounts and has a short account period, which further relieves the financial pressure on suppliers. The results show that this new "zero supply" relationship can motivate suppliers to cooperate more actively with KK Group and provide more advantageous cooperation conditions. In addition, due to the joint efforts of KKV, THE COLORIST colorist, and X11 brands under KK Group, more and more brands are willing to launch new products, limited editions, or joint models in KK Group’s stores, which also attracts more brand loyalists and young consumers to pay, thus forming a virtuous circle in the new retail era.　

　　Industry insiders believe that KK Group’s optimization of supply chain management is a "win-win" model for the company itself and its suppliers, and this "win-win" zero-supply relationship will ultimately benefit consumers, truly achieving a "zero-supply-consumption" three-win.　

　　Technology deeply empowers and improves operational efficiency　

　　In order to further enhance operational efficiency, KK Group has also integrated technology and digitalization into the optimization and upgrade of the company’s supply chain management system.　

　　Since its establishment, KK Group has attached great importance to the bottom-level driving role of technology. Whether it is KK Pavilion, KKV, THE COLORIST colorist or X11, since the establishment of these brands, the company has made a strategic layout with technology to meet the trendy retail needs of young people "love beauty, love play and love life".　

　　In the supply chain system, KK Group has independently developed a number of new "sharp tools" that empower retail consumption by technology, such as the KPOS system that provides services for every key scene of store operation, the KVCM system that visualizes shelf display management, and the WMS system that provides warehouse operation management. Leading technology not only supports the company to analyze a large amount of product sales data, but also effectively assists it to effectively apply digital and intelligent methods in daily operations, thus effectively enhancing every operation link.　

　　At the product selection end, KK Group adheres to the "digital product selection mechanism", that is, the listing and removal of products are determined by big data, and the technical team behind it provides all-round support and guarantee for each single product, avoiding human intervention caused by subjective preferences and interests that may occur in the procurement process. On this basis, KK Group is able to achieve accurate selection and efficient update iteration of high-quality products.　

　　It is understood that KK Group adopts the "last elimination system" for its products, and the product update rate is as high as 30% -50%. The limited physical space continues to generate infinite vitality, and consumers can also have a better shopping experience, which brings about higher conversions. It is not difficult to see that KK Group’s early strategic investment in IT systems has begun to bear fruit, and the scale effect of KK Group is gradually emerging.　

　　With cost reduction and efficiency increase, the company’s profitability continues to improve　

　　For retail companies, maintaining optimum inventory levels is crucial to company stability, and KK Group cannot escape this. Thanks to the efficient supply chain system and logistics system, KK Group’s inventory turnover days have been significantly optimized.　

　　According to the data disclosed in the prospectus, as of June 30, 2021, the total inventory of KK Group reached 985 million yuan. This seemingly huge number is expected to be turned around in a few months through the company’s efficient supply chain system.　

　　At present, the company’s inventory turnover days have dropped from 301 days in 2019 to 150 days in the first half of 2021. At the same time, the proportion of the company’s inventory to the total value of current assets has also dropped from 52.0% in 2019 to 34.6% in the first half of 2021. Among them, the increase in supply chain cost reduction has brought about an improvement in inventory turnover.　

　　It is worth mentioning that some people in the consumer retail industry believe that, in light of KK Group’s emphasis on product display and space aesthetics, the company’s large inventory may be scattered among major stores, rather than centralized storage in warehouses.　

　　As of the end of October 2021, KK Group has 680 stores. According to this simple calculation, the inventory value scattered in each store is less than 1.50 million yuan, which is normal for offline stores with more than 20,000 SKUs.　

　　In fact, the benefits of an optimized supply chain management system are obvious to all.　

　　Its prospectus shows that in 2018-2020, KK Group’s GMV was 188 million yuan, 652 million yuan, 2.254 billion yuan, and the growth trend was obvious, while the GMV in the first half of 2021 almost caught up with the whole year of 2020, achieving 2.213 billion yuan; in addition, in 2020, KK Group adjusted ebitda to positive, achieving 68 million yuan in 2020 and 216 million yuan in the first half of 2021.　

　　It is worth noting that KK Group’s gross profit margin has also improved significantly, from 27.1% in 2019 to 30.4% in 2020, and further to 35.9% in the first half of 2021.　

　　In terms of sub-brands, since the successful incubation of KKV and THE COLORIST colorists in 2019, the operating profit and EBITDA have always been positive. Among them, KKV has performed well. In the first half of 2021, KKV achieved an operating profit of 140 million yuan, EBITDA reached 235.70 million yuan, and the EBITDA rate rose to 22.5% from 18.2% in the same period last year. These are mainly due to KK’s continuous optimization of the procurement process. Some third-party institutions believe that the GMV of KK Group is expected to reach 4.50 billion in 2021.　

　　In the opinion of industry experts, after the overall expansion of KK Group in recent years, its performance has not been dragged down, but has instead shown a healthy development trend. Regarding the IPO progress that the media has paid more attention to, Hong Kong capital markets professionals believe that due to the current semi-annual report data statistics node, the update of KK Group’s prospectus has been delayed. However, on the basis of the company’s stable performance growth, the continued optimism of the large consumer track, and the gradual recovery of the Hong Kong stock market in the second half of this year, I believe that KK Group will update the prospectus as soon as possible and continue its journey to listing.

Boldly predict! Lynk & Co 08 price or 200,000, top match does not exceed 280,000, listed in July

2024年6月26日 | admin | gjdhjhkfh

Lynk & Co., as the pride of domestic cars, holds Volvo technology backed by Geely Dashan. In the past few years, its performance in the automobile market was quite dazzling. At its most brilliant time, with the two popular models 03 and 01, it became the first selling brand among domestic high-end brands in our country. However, since entering the new energy era, Lynk & Co has been slow in the field of new energy, and it has obviously fallen behind. Take the sales data in May. The sales performance of Lynk & Co is difficult to say.

The first selling model in May was the Lynk & Co 06, a model based on Geely’s BMA platform. Strictly speaking, it did not have the essence of Lynk & Co, and only sold 5,309 units. The second place was the Lynk & Co 03, with sales of 4,963 units. The third was the Lynk & Co 01, which sold 1,213 units. The fourth was the Lynk & Co 09, which sold 981 units. The fifth was the Lynk & Co 05, which sold 477 units. The following models were basically new energy extension vehicles and the fuel version of the Lynk & Co 09. Sales were in the hundreds or even double digits, while the Lynk & Co 02 did not sell a single unit.

It can be seen that the Lynk & Co brand is already in a quite dangerous situation. After all, the number of Lynk & Co’s 4S stores in the country has reached about 270. If you look at this level, the average sales volume of a store is 53 units. For Lynk & Co, the average sales volume of 53 units is no longer enough for the 4S stores in some areas to survive. If you want to make a breakthrough, Lynk & Co must make efforts in the field of new energy, and this force point is the Lynk & Co 08, which has been preheated for half a year but has not yet been listed. The Lynk & Co 08 is positioned as a medium-sized SUV. It is the first new energy exclusive platform SUV of Lynk & Co, and it is the big killer of Lynk & Co

However, Lynk & Co 08 has not been listed since it was exposed at the beginning of this year, and has not even entered the pre-sale stage. The Harvard Xiaolong MAX, Tang DM-i Champion, Galaxy L7, Dark Blue S7 and other models exposed during the same period have basically been listed or entered the pre-sale stage. The delay in the launch of Lynk & Co 08 has seriously affected consumers’ enthusiasm for consumption, and will make its leading technology outdated.

In fact, the reason why Lynk & Co 08 is not listed is also very simple, that is, the car market is too much, even a hot-selling brand like BYD has to reduce the guide price to launch the championship version of the model, as a competitor of Lynk & Co 08, the starting price of the Tang DM-i championship version is only 209,800, so the pricing of Lynk & Co is not sure, and can only wait for the opponent to choose after the listing.

Delivered more than 760 units of Hengchi 5, layoffs exceeded 60%, Hengda Automobile’s revenue surged 541% to 155 million yuan in the first half of the year

2024年6月25日 | admin | gjdhjhkfh

On the evening of August 25, Evergrande Motor announced its interim results for the six months ended June 30, 2023 on the Hong Kong Stock Exchange.

According to the financial report data, as of June 30, 2023, revenue was 155 million yuan, an increase of 540.98% year-on-year. Evergrande Automobile said that the increase in revenue was mainly due to the group’s start to sell Hengchi 5. The company’s gross loss was 61 million yuan, an increase of 531.54% year-on-year, mainly due to the rising prices of core components such as batteries and chips and the lack of large-scale production, which made the manufacturing cost higher.

For the six months ended June 30, 2023, Evergrande Motor said it continued to focus on high-quality production and delivery of the Hengchi 5, improving and streamlining its production management system to lay a solid foundation for future high-volume production. Among all pre-orders for the Hengchi 5 (which has been pre-ordered in July 2022),More than 760 units were delivered during the reporting periodIn terms of R & D achievements, the Group has applied for 3,512 patents in similar research fields worldwide, of which 2,715 have been granted patents.

It is worth noting that the results show that in the first half of 2023, the Group’s administrative expenses decreased by 15.54% year-on-year to 935.92 million yuan, mainly due to the decrease in employees, the salary reduction of certain current employees and the decrease in R & D expenses.

As at 30 June 2023, the Group employed a total of 1,597 employees, approximately 92% of whom had a bachelor’s degree or above, and incurred total staff costs (including director’s remuneration) of approximately RMB 313.85 million during the reporting period (H1 2022: RMB 937.98 million).

According to Evergrande Automobile’s 2022 annual report, as of December 31, 2022, the group employed 4,506 employees. According to this calculation, in the first half of 2023, Evergrande Automobile’s staff reduction rate reached 64%.

(Proofreading/Huang Rengui)

Create a sustainable growth path and move towards ecological win-win situation

2024年6月24日 | admin | gjdhjhkfh

In the fragmented and fast-paced current, there are many short-lived Internet celebrity products, but very few can exist for a long time. The same is true for the beverage track. Many brands are suddenly known to many consumers through a hot spot or out-of-circle marketing, but soon disappear and be replaced by the next "explosion". But in such a floating and sinking market, the big kiln continues to create value for consumers, channel providers, industries, etc., creating a long-term and stable growth internal driving force, so as to achieve sustainable development and set an example for the industry.

channel humanization

How to quickly build a brand in the market? How can products continue to penetrate into market segments? Channel management is an important part of it. Channel management is an important part of the company’s strategy and marketing strategy, and it is one of the long-term strategies of the brand. Dayao has always attached great importance to channel management and escorted the growth of agents.

In order to expand the market and enhance the popularity of brand products, Dayao has been expanding channels, up the ante catering, supermarkets, etc., to achieve online and offline all-round layout. Secondly, Dayao makes profits for channel providers and consumers, and provides 1V1 assistance to dealers. There is no general representative. According to different market layouts, sales policies are customized separately, so that dealers will not fall into a situation of going it alone. In addition to a professional "four-dimensional evaluation system", partners are evaluated from four dimensions: ability foundation, soft factors, industry status, and cooperation willingness, and a 3-month trial sales cooperation is carried out to reduce risks for dealers. After formal cooperation, it can also adapt faster, make profits faster, and continue to stimulate channel vitality.

Near and Far Strategy

Our country has a vast land area and a very broad market. If you want to make the brand go national, you must find the right method and expand it scientifically and reasonably.

From point to surface, break down one by one. The big kiln, which originated in the north, adopted the market strategy of "from near to far". After gaining a firm foothold in the northern market, it broke through the south of the Qinling Mountains and gradually realized the national layout through the eight self-built production bases, so that the production end is close to the consumer end, which is convenient for product supply and sales. In the process of planning cross-regional development of the big kiln, the number of distributors has increased, and distribution channels have been established all over the country. Store by store visits, promotions, and the strategy of wide distribution and excellent display have allowed the big kiln soda to go nationwide. At present, the big kiln soda has established more than one million retail end points, covering 31 provinces, autonomous regions and municipalities directly under the Central Government, and has more than 2,000 distributors.

Quality core barrier

Of course, the sustainable development of enterprises cannot be separated from the most core quality adherence. Since its inception, the large kiln has adhered to the principle of quality first, and has carried out raw material procurement, production, and testing with strict standards, and finally delivered to consumers, continuously earning a good reputation.

In order to ensure the quality of products and meet consumer needs, Dayao controls the quality from the source of raw materials, continuously screens and optimizes, replaces high-quality upstream raw material suppliers, and conducts in-depth cooperation with domestic and even international first-line raw material brands. In terms of production, Dayao actively and decisively implements the implementation of the digital workshop and HACCP management system through the 6S GMP management system and Quality Standard in line with international standards to ensure food hygiene and safety and consumer health. In addition, Dayao Beverage also actively explores and implements the "0471" quality management strategy, builds a quality and safety control system from the production base to the finished product, strictly supervises the source, strictly supervises the whole process of product production, and strictly traceability of quality and safety, and is committed to building an excellent quality engine.

A good business model is that brands, distributors, and consumers all benefit, and it is through the need for value propositions to solve the problems of multiple links. Dayao allows channels to reap long-term benefits and consumers to gain outstanding experience. Dayao brand is also moving towards a national soda leading brand and a century-old brand, achieving an ecological win-win situation.

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