Recently, NIO disclosed its financial report for 2022. The NIO Xiaopeng ideal, which has always been compared by everyone, is inevitably used by the industry for financial competition. However, unexpectedly, NIO, which has always been the big brother in the new car manufacturing forces, has the highest revenue but more losses. In comparison, Xiaopeng and the ideal gross margin are slightly better.
Simply put, NIO lost 14.437 billion in 2022, an increase of 259.4% year-on-year; if calculated by the delivery volume of 122,486 vehicles last year, NIO will lose 117,800 yuan on average for every car sold. And you can also see that in the fourth quarter of last year, NIO’s gross profit margin fell to 3.9%, and the annual gross profit margin was only 10.4%. This data compares to the ideal 20% to know how low it is. In this case, does NIO have a future?
From its establishment in November 2014 to March 2023, NIO has experienced eight years. As the most powerful and reputable new energy vehicle company among many new car-making forces, Li Bin, the founder of NIO, is the founder of Yiche, the first overseas listed automotive Internet company in China. Before going public in 2018, NIO had received more than 2 billion US dollars in financing, and investors included Tencent, JD.com, Hillhouse, Hopu and other first-class institutions. In 2018, NIO successfully went public in the United States, with a financing scale of up to 960 million US dollars, making it the third largest financing scale among Chinese companies that went public in the United States that year. Although it encountered a capital chain crisis for more than a year after listing, and there was news of bankruptcy, NIO finally got 7 billion strategic investment through the assistance of Hefei state-owned assets, and got through the difficulties without danger.
First of all, NIO’s substation is one of the important factors of its loss. In the early days of NIO’s establishment, its substation model was regarded by many as its unique selling point, but now, this model has become a burden. It is reported that NIO currently has more than 140 substation, and each substation costs more than 10 million yuan to build. Although this has improved the user experience and brand value, NIO needs to bear huge pressure.
Secondly, as cost growth far outpaced revenue growth, NIO’s gross margin fell sharply. The higher the gross margin, the stronger the profitability and competitive advantage of the company’s products. And NIO’s automotive gross margin suddenly fell from 20.9% to 6.8% in the fourth quarter of 2022, which led to a loss. If we ask the reason for the low gross margin, we can find that the reasons are inventory reserves, accelerated depreciation of production equipment, loss of purchase commitments, and rising battery costs.
In addition to profit pressure, the other end of the deficit isR & DCost. In 2022, NIO’s R & D expenses were 10.836 billion yuan, an increase of 136.0% year-on-year.…At the same time, selling, general and administrative expenses were 10.537 billion yuan, an increase of 53.2% year-on-year. From this point of view, R & D expenses almost doubled, which was the main reason for the increase in expenses, while high sales, general expenses and administrative expenses also contributed to the loss.
Movie Network News(Photo/Qian Jia’s memoir/Diao Zongrui) On July 17, Jackie Chan, who was filming "Kung Fu Dream" in Beijing, showed up at the China Conservatory of Music with members of Seven Xiaofu to participate in the summer internship activities of Hong Kong, Macao and Taiwan college students. On that day, Jackie Chan, who had not returned to campus for a long time, was very interested. Not only did he answer the questions of the students in the audience carefully, but he also exposed his poignant past and bluntly stated that his dying estate would be donated to charity and would not leave his son Jaycee Chan’s name.
Jackie Chan
Jackie Chan
New Seven Xiaofu Dance
Exposing that he was in the underworld as a child, he denounced unscrupulous media habits
In conversations with students, Jackie Chan did not shy away from his childhood misdeeds, and even called himself a very bad child. According to him, he had been fighting with Hong Jinbao since he was a child, and he did not read a good book. And the surrounding environment is quite complicated. "I am surrounded by the underworld, and they also asked me to participate in the sale of white powder." However, when it comes to choosing, Jackie Chan said that he always remembers his father’s teaching to him, "He told me not to join the underworld, not to take drugs, and not to gamble on Pai Gow." For the first two Jackie Chan kept in mind, but about "not to gamble on Pai Gow", he laughed and said that he was very puzzled at the beginning. Later, the experience of losing all my wealth overnight woke him up like a dream. Jackie Chan said he now says the same to Jaycee Chan, "except for these three, everything else can be done".
"I was really bad when I was young, so bad that I didn’t want to talk about it," he says, smiling about the shyness of the past. However, he also expresses his doubts about the professionalism of today’s media. "Now some media reporters listen to what you say. If you say the wrong thing, you will definitely be written to death. If the previous reporters thought that what we said and did was wrong, they would teach us that some things should not be said." In addition, Jackie Chan is also very dissatisfied with the behavior of some photojournalists who specialize in taking dew point photos.
Extras are also actors who "play dead" to rise to the top
As an extra actor, Stephen Chow was criticized by the director for his portrayal of a mischievous and immortal priest in "The King of Comedy", and then he got a kiss from Jackie Chan, a master of "playing dead". In fact, this scene is not fabricated, it is indeed Jackie Chan’s own personal experience. Speaking of his past when he first entered the martial arts industry, Jackie Chan said, "It is because of’good death ‘that he has a chance to rise to power." In Jackie Chan’s view, no matter what a person does, as long as he doesn’t give up, he will always be appreciated by others and get a chance, even if sweeping the street is no exception in his eyes. When he was an extra, he also pursued perfection. And it is this attitude of doing things that has created Wu Zhi, the youngest in the history of Hong Kong film, and established his status as an international superstar in the Chinese film industry.
He admitted that he would donate all his property on his deathbed and would not leave his name to Jaycee Chan
As an international superstar, Jackie Chan has done countless acts of kindness around the world. When it comes to the original intention of doing these things, he said that when he was 20 years old, he took 1 million out shopping. "At that time, he was like a nouveau riche. He bought a lot of things, and now the warehouse is full of waste. Everyone will think that I have helped others by doing charity. In fact, charity has taught me to be a person, and it has made me understand a lot of reasons and want to help more people."
Jackie Chan said he hoped that his bank account would be zero on the day of his death, and he did not want to see Jaycee and his wife or more people competing for inheritance. According to him, he gave half of his assets to a charitable foundation a decade ago. However, he also admitted that his wife is not working, and his son Jaycee is not capable, and he wants him to support him. Compared with the many dreams of his youth, Jackie Chan said that the only thing he wants to do now is to make a good show and be himself.
On April 19, Hengda Automobile made its debut at the 2021 Shanghai International Auto Show and released nine new cars at the same time. Subsequently, Hengda Automobile held a media test ride and test drive activity at its Shanghai factory. The test drive models were blue and color-matching Hengchi 5.
The specific parameters of Hengchi’s nine cars were exposed, and the test ride experience of Hengchi 5 was good
Hengchi 5 is created by the team of international styling design master Shiro Nakamura. From the scene, Hengchi 5 has original H-shaped headlights, 21-inch oversized wheels, neat lines, dynamic color scheme, and exuding a youthful atmosphere.
The interiors of new energy vehicles have always been known for their sense of technology. After the test riders enter Hengchi 5, they can look up and see a panoramic sunroof, and in front of them is a 3D curved triplex screen. In addition, Hengchi 5 also has AR Driving augmented reality driving assistance, Tencent, Baidu dual ecosystem.
It is understood that the model has a range of up to 700km. "You can feel the outstanding design and careful workmanship of Evergrande," said the test driver.
At the morning press conference, Dai Lei, executive vice president of Hengda Automobile, who has just joined, disclosed the parameters of nine Hengchi cars: the maximum comprehensive battery life of all models is 700km, and some models exceed 800km. Among them, Hengchi’s flagship model, Hengchi 1, is the world’s first pure electric D-class flagship sedan, with a length of 5320mm, a wheelbase of 3170mm, and a battery life of 760km. The pure electric ultra-luxury B-class SUV Hengchi 9 has a length of 4810mm, a wheelbase of 2910mm, and a battery life of up to 810km.
What roads have you taken to make a car? The factory will interview for production in the fourth quarter
At a press conference in the morning, Liu Yongzhuo, president of Evergrande New Energy Vehicle Group, announced the mass production schedule. "In the fourth quarter of this year, Hengchi Automobile will fully start trial production and will be delivered on a large scale next year. In addition, power battery products with high specific energy, high safety, long life and super fast charging will also be mass-produced in the second half of this year," Liu Yongzhuo said.
Liu Yongzhuo said that the development of new energy vehicles and the promotion of peak carbon dioxide emissions and comprehensive carbon targets have been raised to the national strategy. As a world’s top 500 enterprise with 2.30 trillion total assets and 700 billion annual sales scale, Evergrande has made up its mind to enter the new energy vehicle market, and to do the best.
At the beginning of determining the car, Hengda made clear the positioning and goal of the car: Hengda Automobile will become the world’s largest and most powerful new energy vehicle group, with annual production and sales exceeding 1 million vehicles by 2025 and annual production and sales exceeding 5 million vehicles by 2035. Hengda Automobile’s core technology must be world-class, intellectual property rights must be owned independently, and product quality must be world-class.
Liu Yongzhuo said that by the end of last year, Hengda Group had invested 47.40 billion yuan in the new energy vehicle industry, of which research and development investment was as high as 24.90 billion. "Hengda Automobile already has the world’s leading core technology in the fields of chassis architecture, powertrain, battery engineering technology, intelligence, network connection, and autonomous driving," Liu Yongzhuo said.
According to the data, Hengda Automobile has established the Global Research Institute and the Academy of Intelligent Sciences, and established the 16th National Congress of the Communist Party of China, including model research and development, vehicle technology, battery research and development, autonomous driving, intelligent networking, artificial intelligence, and intelligent communication. At present, Hengda Automobile has more than 8,700 professionals, a scientific research team of more than 3,500 people, and 20 top international experts, including Gao Jingshen, deputy general manager of GAC Toyota, Li Junxiu, former president of the battery research institute of SK Group in South Korea, and Dai Lei, a former BMW and Infiniti executive.
Mr. Liu said that Hengda’s production base would begin trial production by the end of this year. Hengda has planned and built "digital, intelligent and ecological" smart factories in accordance with Industry 4.0 standards, introduced advanced equipment and production processes from Siemens and ABB, and signed cooperation agreements with the world’s top 148 auto parts companies.
According to reports, the sales aspect mainly adopts the direct sales model, Hengda Automobile has set up 36 exhibition experience centers in Beijing, Shanghai, Guangzhou, Shenzhen and other cities, 1,600 investment sales centers, and 3,000 self-operated and authorized warranty after-sales service centers.
In the field of smart charging, Hengda Automobile and State Grid established a joint venture company "State Grid Evergrande" to focus on smart charging services in community parking spaces. At the same time, Hengda Automobile also connected the world’s largest real estate and automobile online and offline trading platform "RV Treasure". Hengda Automobile also launched the Hengchi Intelligent Network System with Tencent and Baidu, which fully integrates Hengda’s own ecosystem and gathers industry resources to achieve "car-family integration".
Beijing News Shell Financial Reporter, Bai Jinlei, Editor, Zhao Ze, Proofreader, Liu Baoqing
CCTV NewsAt 15:22 this afternoon, our country successfully launched the 52nd and 53rd Beidou navigation satellites with the Long March 3B rocket at the Xichang Satellite Launch Center, which is also the last two satellites of the Beidou system deployed in the medium circular orbit.
Satellites in mid-circle orbit can travel the world, so they are the key to the global network of Beidou satellite navigation system. Whether it is GPS or other existing global satellite navigation systems, a large number of satellites need to be deployed in this orbit. After the launch, all 24 satellites planned by Beidou satellite navigation system in this orbit have been in place, and the deployment of the core constellation of the global system has been officially completed.
Beidou has actually quietly entered your life
Video: Why do you say "China’s Beidou, the world’s Beidou"?
Perhaps many people will ask, Beidou has launched so many satellites, when will we be able to use them? Or how can we use them?
There is already "Big Dipper" above your head.
In fact, Beidou has already quietly entered our lives. Now when you turn on your mobile phone or navigator to use navigation services, you are not just receiving GPS satellite signals, but the fusion signal of Beidou, GPS, Glonass and other satellite positioning systems. They can complement each other. For example, in the case of high-rise buildings in the city, the GPS signal in some directions will be blocked, so you can directly receive the signal of Beidou to locate.
What is the use of Beidou’s unique communication capabilities?
Unlike other systems, we can not only know where we are through Beidou, but also tell others where we are through Beidou. This is the unique communication capability that distinguishes Beidou from any other system.
Many people may think that we can communicate so conveniently now, so why use Beidou?
Because at sea, in many deep mountains and forests without ground communication facilities, communication can only be done by satellite signals. Therefore, whether it is sea rescue or meeting for "jungle exploration", Beidou is an excellent choice. Not only is it global coverage, but it is also very cheap.
Of course, this function requires the use of a specific "Beidou" mobile phone!
Official certification! World-class navigation and positioning service capabilities
Video: Understand the working principle of Beidou navigation with high school knowledge
Wang Ping, chief designer of the Beidou-3 satellite, introduced to reporters.At present, the basic system of our Beidou-3 has been evaluated all over the world. The evaluation results show that Beidou’s signal quality, signal ranging accuracy, navigation, positioning and timing accuracy are on par with the US GPS.The completion of all the medium-circle orbit network satellites will enable our Beidou satellite navigation system to achieve world-class service capabilities.
China speed! Beidou breaks the world record for global networking
Since November 2017, our country has organized 18 Beidou launch missions in 25 months and launched a total of 30 Beidou satellites, breaking the world record for the networking speed of global satellite navigation systems at an average rate of 1.2 satellites per month.
Among them, we have to mention the "Beidou special train" – the Changsanjia series of carrier rockets that transported Beidou 38 times.
Since the launch of the first Beidou-2 navigation test satellite in 2007, in the past 12 years, the Changsanjia series of rockets have sent 53 Beidou navigation satellites into the predetermined orbit with 38 successful and perfect performances. If the Beidou navigation test satellites launched earlier are included, the Changsanjia series of rockets have escorted 57 Beidou satellites into orbit with a 100% success rate of 42 launches.
From Beidou-1 to Beidou-3, from several launches a year to more than a dozen launches a year, the Long March-3A development team has been constantly exploring on the road of innovation. They set a precedent for our country’s "one arrow and two stars" to launch high-orbit satellites, further accelerated the deployment of Beidou satellites, greatly shortened the construction progress of Beidou engineering and greatly reduced the construction cost. (CCTV reporter, Wang Shiyu, partner unit Aerospace Science and Technology Group Fifth Academy)
Long March 3A series rocket launch Beidou satellite full record
The film "New Shaolin Temple" recently released the film’s theme song "Enlightenment", which was composed and sung by the Tianwang Andy Lau himself. Its musical style is in line with the "Zen" artistic conception to be displayed in the film. It is also the experience of the 30 years of the Tianwang Andy Lau’s debut. It is of great significance. Andy Lau will sing this song in public for the first time at the 30th anniversary of his debut "Andy Lau Unforgettable 2010 Concert".
The film "New Shaolin Temple" is directed by Chen Musheng and directed by Yuan Kui. Andy Lau, Nicholas Tse, Jackie Chan, Fan Bingbing, Wu Jing, Yu Shaoqun, Yu Hai and others co-starred to determine that it will be released on January 19, 2011. It is regarded as the finale of the Spring Festival. The film tells the story of the warlord’s melee era, when Hou Jie (played by Andy Lau), who was originally a warlord, escaped into the air after experiencing the betrayal of his adjutant Cao Man (played by Nicholas Tse) and the pain of his wife’s separation, and worked with monks to protect the victims of the war and the Shaolin Temple.
The theme song "Enlightenment" explains the theme of the film
The theme song of the movie "Shaolin Shaolin" is regarded as a classic film and television song to this day, so how the theme song of the movie "New Shaolin Temple" will be interpreted and who will sing it has attracted much attention. On the 19th, the film’s theme song was finally uncovered and appeared on major radio stations across the country.
"Infinite Mind/Life Blessing/Infinite Limit/Infinite Limit/Life Breath/Love Connection/… Enlightenment/Enlightenment/Wukong/Willingness/Simply walk with you every day." Compared with the old version of "Shaolin Temple", the lyrics of the theme song of "New Shaolin Temple" are more Zen-like, which is in line with the film’s theme of "practicing Zen with martial arts" that has been repeatedly emphasized in the film’s promotion. The style of the song is the perfect fusion of Buddhist music and pop music, which not only allows the audience to experience the artistic conception of "Zen" immersively, awakens the pure heart and compassion, but also catchy melody, which is very easy to sing.
Tianwang Andy Lau’s three-day retreat
According to the director Chen Musheng, the lyrics of the theme song "Enlightenment" are the masterpiece of Andy Lau, the king of heaven. "Originally, we didn’t use the theme song when filming the film, but after cutting the film, I felt that I still needed a song that could express the theme of our film, so I called him and told him what kind of song I wanted, and he readily agreed." What director Chen Musheng didn’t expect was that in just three days, Andy Lau handed over the sample of "Enlightenment" to him.
"I haven’t listened to much music for several years. I think the better movie theme songs are" Painting Heart "and" Chrysanthemum Terrace ", so when I got the sample of" Enlightenment ", I was very surprised and liked it very much. The lyrics and music style are very consistent with the style of our film. I listened to it repeatedly that night." Director Chen Musheng introduced that after he got the sample and listened to it, he called Andy Lau and asked Andy Lau to sing the song in person. "I think only he is the most suitable for singing this song, and I dare to say that this song will definitely become another classic song of his."
Next Page: Andy Lau will sing the first song of "Enlightenment"
In just one month, rumors of "ByteDance acquiring Ele.me" broke out twice.
In the latest version, Caijing quoted sources as saying that not only did it state that ByteDance’s bid was $7 billion – one of the points of disagreement between the two sides, but also that ByteDance only wanted the delivery team of Ele.me, while Ali wanted the word energy saving to undertake the entire Ele.me.
Although soon, the rumors were once again confirmed by both sides, the outside world believed that the "Schr?dinger’s acquisition" was only a layer of window paper away from the ground – "denial" was just a prescribed action in the negotiations between the two sides.
In the past two years, the local life battlefield has seen renewed waves due to Douyin’s disruption, with the store business performing traffic magic, but the home business has experienced ups and downs. Douyin’s local life is still in a state of "running through the process".
The low-hanging fruit has been picked, and moving forward is a tough battle with real swords and real guns. Meituan spent tens of billions of yuan to build the performance ability, and if Douyin wants to replicate it, he needs to invest several times more time and money. Buying Ele.me is the most cost-effective way, and it is also in line with Zhang Yiming’s usual style of "vigorously performing miracles".
Five years ago, Ali bought Ele.me for $9.50 billion; in the past few years, the decline is not only valuation, but also market share. Now Ele.me is almost reduced to a regional player, takeaway is a low-margin business, and it is difficult to make profits without scale effects. If Ali wants to stop losses in time, Douyin is the only potential buyer on the table.
If Douyin wants to be a "universal entrance", it is impossible to give up local life. But the question is, even if he eats Ele.me and completes the closed loop of local life, can he win Meituan? What Douyin lacks in local life is only the ground delivery team? What Ali + Ele.me couldn’t do in the past, can it be done by Douyin + Ele.me?
Just as Yu Yongfu said in his internal letter in 2021: "This is a protracted battle, a boxing match that has just begun. The process is destined to be long and cruel. Neither side can defeat the opponent, but can only fight for points."
The Infinity War of local life, even if the acquisition is completed, is far from the end.
Douyin Local Life: Good Night Yet to Come
In the past two years of the Douyin Meituan dispute, the outside world’s attention has focused on how Meituan defends the city, but it has ignored that Douyin’s battle for local life has not gone smoothly as imagined, and the traffic stick has also encountered "hard bones".
"Changing coaches" is the most obvious signal. In November 2023, Douyin publicly admitted that Pu Yanzi, the head of commercialization, will also serve as the head of life services business, and Zhu Shiyu, the original head, will be transferred. Pu Yanzi’s internal evaluation is that his style is pragmatic and he is good at solving complex problems.
Industry analysts "Zouma Finance" interpret that the role of the commercialization leader in Douyin is similar to that of Alimama to Ali, and it is the existence of the "God of Wealth". Pu Yanzi, who is more "important", can not only mobilize the commercial traffic of Douyin, but also the commercial traffic resources of almost all traffic-type products such as Jinri Toutiao and Watermelon Video in Douyin – this is the highest configuration that Douyin can give.
Douyin’s local life is far from a "good night". They need more resources and more fierce leaders. The core incentive is the failure of takeaway.
In June last year, according to the "LatePost" report, Douyin takeaway’s annual GMV target was reduced from 100 billion yuan to 5 billion yuan, which came to an "ankle cut". At the same time, the focus of takeaway business changed to: try to run through business processes in more ways.
Half a year has passed, and according to a report by "Whip Bulls" at the end of December last year, Douyin life service partners in multiple regions revealed that Douyin will no longer renew their contracts with them. "Except for the five cities of Chengdu, Changsha, Shanghai, Shenzhen and Fuzhou, the Douyin takeaway business in other cities will be suspended." The purpose is to "penetrate the above five cities in order to obtain comprehensive and sufficient experience and lessons, and then promote the replication to other cities."
Since it was exposed in July 2021, Douyin has been running in the takeaway field for two and a half years, but it is still "running through the process".
The cost is undoubtedly huge. According to a report by Sohu News in March last year, Douyin’s boost to merchants in the pilot takeaway service was 5%, which was three percentage points lower than that of its peers. But Douyin’s traffic is expensive, and its investment in takeout should be higher than that of Meituan and Ele.me, including the costs of delivery and service providers.
This raises the suspicion that takeout is a low-margin chore, and if it is so difficult to move forward, why not give up? Because it does not want to watch consumers flee due to the lack of takeout.
According to a report by "LatePost" in February last year, Douyin Group CEO Zhang Nan once imagined at an internal meeting that Douyin would become a universal portal for users’ mobile devices, not only to swipe content when bored, but also to shop, choose restaurants, and buy plane tickets to book hotels.
This is Douyin’s ambition, and it is also the common dream of Internet giants. Today’s Capital Xu Xin once said in his early speech that there are actually only 12 apps commonly used by users, and apps that are opened more than 8 times a day are exclusive and monopolistic, and "flowers" can grow on them.
Therefore, for Douyin’s local life, it is necessary to close the loop between home and store, which is the answer that Meituan proved ten years ago.
As early as 2014, Wang Huiwen once answered the reporter "Why does Meituan want to do takeout?" He said, "Group buying and takeout, there must be a lot of overlap in the business. From the perspective of the merchant, we can bring it customer flow and transactions. Consumers group buying to the store, or ordering takeout to be delivered to consumers for transaction. Although they are two different transaction models, the merchants will not reject them."
The lack of Douyin takeaway links today is like the short board on the bucket. On the one hand, consumers who have settled through home group buying will flow to Meituan when they repurchase takeaway; on the other hand, the merchants who have made great efforts to attract them will only stay at the store level, and cannot reap the commission of takeaway business.
According to public information, Douyin’s GMV in 2022 is 77 billion yuan, while it has increased by 256% in 2023. It is estimated that the GMV completed in 2023 is about 197.12 billion yuan, exceeding the original target of 150 billion yuan. But if you can’t take takeaway business, how long can such high-speed growth be maintained is an unknown.
Since takeaway is a must, then the existing cooperation model is not good? Since August 2022, Douyin and Ele.me have cooperated, and Douyin has diverted traffic and Ele.me has fulfilled the contract, but both sides have different ideas, and they have not fully connected on the page jump. Douyin cannot obtain the core data assets, so he has more than two years of experience in "running through the process".
Douyin and Meituan are bound to have a head-to-head war, but Douyin looks at his hand and only has abundant traffic and funds, but lacks infrastructure, including systems, teams, and the Know-How capabilities that Meituan has accumulated for more than a decade.
And these, eat Eli.me can make up for it?
"Are you shaking?" Can you win Meituan?
Before Douyin’s disruption, the takeaway battlefield had long since died down. Meituan began to explore instant retail in search of incremental growth; Alibaba’s Ele.me system became infrastructure, focusing on stopping losses.
A set of data clearly illustrates the changes in Ele.me in Alibaba. According to third-party data agency trustdata, in 2020, Meituan and Ele.me’s market share was 60% and 25% respectively; by 2022, it had become 72% and 15%.
From Ele.me to "Shake it", how much can it shake Meituan? Let’s take a look at the fundamentals of the two companies first.
Look at the supply side first, there is the most intuitive data. According to the relevant report of Guolian Securities, the average daily active users of Meituan takeaway business version in October 2023 4.8861 million, and the average daily active users of Ele.me business version 2.6131 million, Meituan is almost 1.87 times that of Ele.me.
Looking at the demand side, according to Quset Mobile data, in October 2023, Ele.me APP DAU 2154.6 million, Meituan takeaway APP DAU 17.4993 million, Meituan APP DAU 144 million. You know, Meituan APP is the main position of all businesses. Combined with past financial reports, Meituan takeaway also leads Ele.me in terms of annual transaction users.
What about Ele.me + Douyin? According to the data report released by "Douyin Life Service Business Observation" on January 2, 2024, in 2023, Douyin Life Service stores will exceed 4.50 million. Even taking into account deduplicate factors, on the supply side, Douyin + Ele.me will still have a considerable base.
In addition, the addition of Ele.me may recoup Douyin’s disadvantage on the supply side of small and medium-sized merchants. "Blue Hole Business" once mentioned in the article "Meituan, Can Use Magic to Beat Magic" that the high cost makes it difficult for small and medium-sized merchants to survive in Douyin. "If you don’t buy advertising and don’t have traffic, you will have zero sales."
On the demand side, Douyin’s traffic magic and Ele.me’s home consumption mindset are expected to make up for their previous shortcomings.
Different from Meituan, benefiting from the acquisition and Ali system, a large proportion of Ele.me’s loyal customers come from 88VIP members, which is characterized by strong spending power. Double 11 in 2023, 88VIP user scale broke through 32 million, and transactions increased by double digits year-on-year. According to Ali’s financial report, the average annual consumption of this group in 2022 reached 57,000 yuan, and the demand-side customer unit price may be expected.
From the perspective of supply and demand, Ele.me has been ahead of Meituan, and it may have new vitality. But whether it can win or not, the performance side is more critical. What Douyin wants most is also the delivery team of Ele.me. Capacity is the "card point" that Douyin takeaway cannot push, and it is also the "east wind" that Douyin only owes for the development of instant retail.
According to Ele.me’s official website, Hummingbird, its delivery platform, has 3 million active riders, including full-time and crowdsourcing; but according to a report released by Meituan in 2022, Meituan has 6.24 million riders. In fact, in 2019, Ele.me has more than 3 million riders, and Meituan is 3.99 million. With Ele.me losing ground, riders naturally flow to Meituan, which has a more dominant order volume.
Of course, the fulfillment of contracts does not rely solely on offline capacity. Offline delivery and online fulfillment are two sides of the same coin. It is rumored that Douyin only needs "delivery staff" and does not need "programmers". Ele.me is currently the second largest takeaway in the market after Meituan, and its fulfillment system is the closest option to contend with it.
After it was merged into Alibaba that year, Ele.me’s hummingbird system was the first to be transformed. Alibaba’s expectation for hummingbird was to rely on the foundation of takeaway services and cooperate with Alibaba’s retail "three-kilometer ideal life circle", which meant that in the past few years, hummingbird and Hema, Tmall Hourly, and first-line brand instant delivery have a long match, and the handling situation is far more complicated than food delivery.
At the same time, Hummingbird’s intelligent scheduling system has been supported by Alibaba Cloud. Now AI has become one of the core directions of Ali’s development, and Hummingbird’s computing power and iteration speed have been enhanced. Because Hummingbird is deeply bound to Ali, it has also become one of the arguments that Alibaba will not give up Ele.me. easily.
But Ele.me in the Ali system can only be said to be self-improvement, and whether it can resist Meituan requires a question mark.
Takeaway fulfillment has the characteristics of "multi-concurrency" and "strong randomness", and a strong online fulfillment system can be regarded as Meituan’s "moat". As Wang Xing said in the first quarter of 2023 earnings report: "If the takeaway business wants to complete each transaction efficiently, it needs a reliable order fulfillment system. We have accumulated a deep foundation in the consumer, merchant, and distribution network of the takeaway business, and it is difficult for other players to break through."
Another factor that cannot be quantified, but can determine the course of the war, is methodology and organizational ability.
On the one hand, the Know-How capabilities and takeaway talents accumulated by Ele.me are equivalent to directly giving answers to Douyin, who has been "running through the process"; but on the other hand, with the invasion of organizational culture and the migration of management authority after Alibaba’s acquisition, Ele.me’s core management has gradually lost, and its playing style is also very different from that of Zhang Xuhao’s era. Ele.me, which pursues cost control, has gradually shrunk into a regional player.
In the two years after Alibaba acquired Ele.me, morale was booming. Wang Lei, the earliest head of Alibaba’s department, also stated internally, "It turned out that Ele.me played Meituan on the first floor and the second floor, but now we are standing on the sixth floor."
At that time, Wang Lei participated in Double 11 and Double 12 with his local life, interacted with Youku and Juhuasuan, and connected with Autonavi and Hema. But from the first quarter of 2019 to the second quarter of 2020, Ele.me’s market share did not rise but fell.
An industry insider told Blue Hole Business that during that time, he went on a business trip to Shunde, Guangdong. Ele.me increased subsidies and launched activities in the local area, hoping to gain momentum in several of Meituan’s advantageous cities, but the results came to nothing. [The business of local life is more complicated than imagined, and the success of one city may not be replicated in all cities.]
A Meituan person once recalled with "Blue Hole Business" that at that time, Meituan did not regard the other party as a competitor when competing with Ele.me. "Although Meituan gave less resources than the other party in each city, it always got good results in the end. There is indeed a methodology."
Frustrated by the competition, Alibaba began to adjust its thinking. In July 2021, Yu Yongfu, known as the "integration master", took over local life and proposed the so-called "541 formation" and "four vertical and four horizontal" playing methods, but this was an internal staff that also had some unclear theories.
Falling on Ele.me, the strategy focuses more on key cities, which is the so-called "efficiency first, then scale", emphasizing the strengthening of instant retail and distribution capabilities in terms of capabilities, and paying more attention to festival marketing in terms of tactics, such as the repeated mention of "guess the answer to win the free order".
The key data obtained from the above actions is that Ele.me’s unit economic benefits continue to be positive, and its losses have narrowed year by year. But takeaway is always a low-margin business, and if you want to make money, you still need to do it on a large scale. Ele.me’s long-term strategy is to stop bleeding for Ali, but it is the opposite for Ele.me itself.
The local life battlefield is far more complicated than imagined, and it is unknown whether Douyin can recover the share that Ele.me has lost in the past few years.
Although Meituan’s share price fell every time the acquisition scandal broke, it proved the outside world’s attitude towards the deal. But even if the acquisition is completed, it is only an escalation of the war situation, not an end.
On February 29, the "2024 19th China (Jinan) International Solar Energy Utilization Conference and the 3rd China (Shandong) New Energy and Energy Storage Application Expo" with the theme of "Golden Sunshine, Clean Energy, Dual Carbon Leading, and Storage Development" opened at Shandong International Convention and Exhibition Center. The conference lasted for three days.
This year’s exhibition has been newly upgraded, and the site adopts the "1 + N + N" conference model, that is, 1 boutique exhibition, more than 10 forum meetings, and more than 20 new product launches and precise docking activities. With a professional perspective, an efficient platform, and deeper content, we will lead the development direction of the new energy industry and become the "wind vane" exhibition of the industry.
Efficient links, deeply empowering
The exhibition scale of this year’s "Solar Energy Exhibition" is 60,000 square meters, divided into photovoltaic, energy storage, photovoltaic building integration, distributed energy multi-energy complementary, industry-university-research, finance and other professional exhibition areas, attracting State Grid, Huawei, BYD, Midea, Haier, Tongwei, Sunshine Power, Jinke, Longji, JA, Trina Solar, Canadian Solar, Zhonglai, Oriental Risen, Chint, TBEA, GCL, China Building Materials, China Energy Conservation and other global more than 600 new energy brand enterprises participated in the exhibition. Focus on displaying new technologies, new products and solutions for the whole industry chain such as solar photovoltaic, energy storage, and multi-energy complementary. The whole chain efficiently links industry and cross-disciplinary information and resources, and deeply empowers the development of the industry to help achieve the goal of "peak carbon dioxide emissions carbon neutrality". It is expected that the audience will reach 100,000 in three days.
One exhibition brings together the world, one exhibition sees the future
It is reported that this exhibition has a strong lineup of exhibitors, including 12 of the world’s top 500 companies, 30 of the global energy 500 companies, and 18 of the Chinese private 500 companies. The exhibition brings together the world’s top new energy companies and technologies, leading the development direction of the industry. It is not only a national channel ordering conference, but also the largest distributed solar storage cooperation conference in the country. It is also an energy end point application event in the Asia-Pacific region.
"Sea" and "land" photovoltaic products become a highlight
This "Solar Energy Exhibition" not only brought together photovoltaic boutiques from "sea" and "land", but also showcased many new photovoltaic and energy storage technology products, some of which were unveiled for the first time at the exhibition. Not only the "distributed photovoltaic + flexible storage" solution that debuted on land, the lotus module that has no border barrier and is beautiful and clean like a lotus flower, the high-efficiency photovoltaic module that is completely black, the intelligent flexible bracket system applied to more use scenarios, the beautiful, energy-saving and noise-reducing hollow light-transmitting series power generation glass, and the heterojunction photovoltaic module with high reliability performance at sea. These products have value and strength, making them the highlight of the conference.
Efficient activities promote development
During the same period of the exhibition, more than 10 forums and conferences were also held, including "2024 3rd Yellow River Basin New Energy Innovation and Development Conference", "2024 2nd Shandong Province New Energy High-Quality Development Forum", "2024 7th China Distributed Photovoltaic Conference", "2024 6th China Household Photovoltaic Conference", etc. More than 40 academicians and experts from the industry attended the conference to give wonderful speeches, and exchanged and discussed photovoltaic, energy storage, smart energy and other content. The topics have connotation and depth. During the same period, more than 20 business investment conferences, new product launches and precise docking activities will also be held.
This year’s "Solar Energy Exhibition" is jointly organized by Shandong Solar Energy Industry Association, Shandong Xinchenghua Exhibition Co., Ltd., and Shandong Chenghua Energy Technology Co., Ltd.
Eta Ursae Majoris arrived, and the delivery ceremony of the first batch of car owners in Xingtu Eta Ursae Majoris opened a smart and luxurious life.
On March 2nd, the delivery ceremony of the first owners of Starway Eta Ursae Majoris Wuhu was grandly opened in Wuhu Guanhao Starway Experience Center. New and old riders gathered together to witness and feel the delivery ceremony with more sense of quality, technology and situation brought by Starway Automobile at close range, as well as the unique charm of Starway brand’s high-end and internationalization.
Xingtu Eta Ursae Majoris concentrated on delivering Xiti’s "400,000-level wisdom and luxury flagship"
Avenue of Stars, passionate interpretation, exclusive easel for car owners, taking photos with cars as a souvenir … As expected, the scene of the handover ceremony of the first car owners in Eta Ursae Majoris on the Star Road was very lively.
At the scene, 20 brand-new Star Road Eta Ursae Majoris were ready to go. Under the witness of all the guests, the owners of the new cars took over the delivery of flowers and exclusive delivery gifts, becoming the first delivery owners in Wuhu since Star Road Eta Ursae Majoris blindly ordered and pre-sold.
It is worth mentioning that this delivery activity also specially arranged the "special delivery ceremony" for the 1 ST and 17 th car owners in Anhui; Why are these two numbers? First of all, "Eta Ursae Majoris" is the first star of the Big Dipper, which guides people’s direction and symbolizes auspiciousness and kindness. Secondly, with Eta Ursae Majoris’s excellent product strength, Xingtu recently challenged seven mainstream joint venture high-end models in China market, and launched a comparative test drive of "Eta Ursae Majoris 1 hits 7"; The number 17 just implies the special meaning of "1 hits 7". Facing the applause of flowers, the two car owners are happy to harvest their exclusive flagship of wisdom and luxury, and will start a "better" quality life in the future with the blessing of Starway Eta Ursae Majoris.
The delivery ceremony of the first batch of car owners was highly valued by the leaders of Starway Automobile in Central China. Mr. Xu Shaowei, director of Starway Automobile in Central China, Mr. Li Ning, marketing director of Starway Automobile in Central China, Mr. Zhou Rui, regional manager of Starway Automobile in Central China, and Mr. Li Zhiwei, ambassador of Starway Automobile, all came to the scene. Mr. Wang Qijiang, general manager of Wuhu Guanhao Starway Experience Center, also attended the ceremony, and joined hands with new and old car owners to celebrate the unique emotional relationship between car owners and Starway brand.
Undoubtedly, with the shining listing and continuous popularity of Starway Eta Ursae Majoris, new car owners will be delivered all over the country one after another, and more and more users will join the Starway family, feel the infinite beauty brought by this new car, and officially start a smart and luxurious life of "enjoying better".
Strength Interpretation Product Value Fully Empowers Users to Travel
With the upgrading of consumption in China market, the "400,000-level smart luxury flagship" Starway Eta Ursae Majoris tailored for a new generation of users has four core product values: 400,000-level most beautiful appearance, 400,000-level most comfortable driving control, 400,000-level most powerful intelligent cockpit and 400,000-level most luxurious space, which satisfies the new generation of users’ life of "everything is better" for SUVs with the luxury posture of "enjoying better".
Flying fish extrasensory chassis, with 400,000-class super comfortable driving control.
Eta Ursae Majoris is equipped with a brand-new flying fish extrasensory chassis with advanced functions such as CDC electromagnetic suspension system, Soft Stop system, chassis hydraulic vibration isolation system, all-terrain science and technology system, all-scene intelligent four-wheel drive system and intelligent brake-by-wire system, which gives Starway Eta Ursae Majoris a refreshing driving experience comparable to 400,000-class SUV. The 2.0TGDI "China Heart", which won the top ten engines in China, can burst into surging power with the maximum power of 92kW and the maximum torque of 400 N m..
Lion Ecology 2023, bringing up 400,000-level strongest scientific and technological intelligence.
As the first model to apply "Lion Ecology 2023", Starway Eta Ursae Majoris is equipped with 24.6-inch curved screen design, brand-new young HMI 5.0 UI visual interaction, super ID and Queen’s exclusive mode, etc. With the support of Qualcomm Snapdragon 8155 smart chip+Lion Zhiyun 5.0 gold combination, it is easy to realize the operations such as quick start of the car in 3 seconds, identification in 2 seconds and continuous processing of more than 20 instructions in 30 seconds. In the intelligent ecology, mainstream software such as WeChat, Meituan, Gaode Navigation, Iqiyi, bilibili, Tencent Video, Tik Tok, Himalayan, Cat’s Eye Movies, etc. are aggregated to enjoy the fun of people and cars anytime and anywhere.
The aesthetics of Atlantis light brings 400,000 tidal beauty values.
On the whole, Eta Ursae Majoris continues the design concept of the concept car "Aesthetics of Atlantis Light" and presents it to the world with a more avant-garde, fashionable and youthful shape. Whether it is the large-area diamond-shaped borderless design of China Net with X-type starship daytime running lights, or the design with penetrating LED strip, fighter cockpit sliding back roof and fighter tail spoiler, it gives people a full sense of advanced.
"Every seat is equal", presenting the 400,000-class optimal luxury cockpit.
The length, width and height are 4781 mm *1920 mm *1671mm, respectively, and the wheelbase is 2815 mm. Excellent performance has given the whole staff a wide and comfortable seating space. The star travel seat is comparable to the high-grade sofa by using the A-grade grain NAPPA top leather quilting technology. The main driving seat integrates the functions of ventilation/heating, electrically adjustable leg rest, headrest sound and so on, and the "Queen’s Co-driver" takes comfort to a higher level.
As a China automobile brand, it is rare to see such a high-end model with excellent quality and full price. Xingtu Eta Ursae Majoris will surely become a shining star in the product sequence of autonomous vehicles, so let’s look forward to its market performance.
A-shares adjusted back today, the Shanghai Composite Index fell slightly, and the GEM and Kechuang 50 Index fell more than 1%; Hong Kong stocks rose strongly in early trading and fell back in the afternoon. The Hang Seng Technology Index once fell nearly 1%.
Specifically, in terms of A-shares, the Shanghai Composite Index fluctuated strongly in intraday trading, and turned green at the end of the session. The GEM Index and the Kechuang 50 Index plunged sharply. At the close, the Shanghai Composite Index fell 0.24% to 3161.84 points, the Shenzhen Component Index fell 0.59% to 11439.44 points, and the Growth Enterprise Market Index fell 1.13% to 2445.97 points. The total turnover of the two cities was 741.8 billion yuan, equivalent to yesterday; Northbound funds are not afraid of the index correction, but still flow in strongly, with a net purchase of about 7.6 billion yuan for the whole day. Since January, they have accumulated more than 40 billion yuan.
Today, most of the sectors in the two cities are lower, with tourism, software, semiconductors, wine-making and automobiles all falling. Huguang shares and Xiaoyan shares have fallen, and Fudan Microelectronics has fallen by 10%. The coal sector rose against the trend, and Shaanxi Black Cat and Zhengzhou Coal and Electricity had daily limit; The concept of baby broke out, and Annabel and blond rabbi went up daily; In addition, a number of pre-increased performance shares have been sought after. Tony Electronics and Electronic City have gained three consecutive boards, and Shiyida and Kangda New Materials, which released good performance yesterday, have daily limit. In addition, Tongda Power, which supplies BYD, has performed brilliantly in recent days, and has gained 5 boards today.
In terms of Hong Kong stocks, the two major stock indexes rose strongly in early trading, but fell back in the afternoon, and the Hang Seng Technology Index turned green. At the close, the Hang Seng Index rose 0.49% to 21,436.05 points, and the Hang Seng Science and Technology Index fell 0.25% to 4,547.12 points. In terms of individual stocks, BYD shares rose nearly 5%, Tencent and Alibaba rose more than 3%, and Zhou Heiya plunged about 23%.
Many performance pre-increased stocks rose sharply.
A number of stocks with a substantial pre-increase in net profit in 2022 have recently been sought after by funds. For example, Dongni Electronics and Electronic City have been trading daily for three consecutive trading days; Shiyida and Kangda New Materials, which disclosed the performance forecast last night, both had daily limit. It is worth mentioning that Kangtai Bio, which suffered a big loss in advance, also rose sharply today.
Tony Electronics has been trading daily for three consecutive trading days. At the close, the stock reported 80.65 yuan, approaching a record high.
Tony Electronics disclosed its performance forecast on the evening of the 9th. It is estimated that the net profit attributable to the owners of the parent company will be 100-110 million yuan in 2022, up by 199.28% to 229.2% year-on-year. It is estimated that the net profit after deducting non-profit in 2022 will be 62.33 million yuan-72.33 million yuan, an increase of 344.89%-416.27% year-on-year.
The company issued a risk warning last night, saying that there are two main reasons for the pre-increase of the company’s 2022 annual performance: 1. The main business impact: the operating income and gross profit of consumer electronics, photovoltaics, medical care and new energy businesses have all improved; The company’s export products are mainly settled in US dollars. Due to the appreciation of the exchange rate of US dollars against RMB, exchange gains are generated in this period, while exchange losses are generated in the same period of last year. 2. Impact of non-operating profit and loss: The government subsidy in this period increased compared with the same period of last year. The company reminds investors to pay attention to production and operation risks.
The company also said that the Purchase Contract signed by its subsidiary Tony Semiconductor and its downstream customer T stipulated the delivery quantity, unit price, specifications, acceptance criteria and liability for breach of contract, among which the final unit price and delivery time of products in 2024 and 2025 will be determined through consultation in the fourth quarter of the previous year, which has uncertainty on the company’s future financial status and operating results. In the subsequent performance of the contract, in case of macro-policies, market environment, product quality, operation management and other factors, the contract may not be fully performed or cancelled as scheduled, and it shall bear corresponding liabilities for breach of contract and compensate liquidated damages.
Electronic City also had a daily limit for three consecutive days. At the close, the stock reported 5.27 yuan, and nearly 1 million orders were sealed on the daily limit. The company disclosed its performance forecast in the evening of June. The company expects the net profit attributable to shareholders of listed companies to be 470 million yuan-680 million yuan in 2022, an increase of 1388.52%-2053.6% year-on-year.
Shiyida disclosed its performance forecast last night. It is estimated that the net profit attributable to shareholders of listed companies in 2022 will be 120 million yuan-170 million yuan, a year-on-year increase of 225.88%-278.33%. According to the company, during the reporting period, the company steadily pushed forward the layout and business adjustment of various business segments according to the strategic plan, continued to deepen the smart hardware business, sought a breakthrough in upgrading the smart hardware business, continued to promote open source and reduce expenditure, reduced the product cost of the company, and provided more value-added services to customers. The company’s smart hardware performance increased steadily this year.
Kangda New Materials also disclosed its performance forecast last night. It is estimated that the net profit attributable to shareholders of listed companies in 2022 will be 45-55 million yuan, an increase of 104.58%-150.05% over the same period of last year. After deducting non-recurring gains and losses, the net profit was 30,672,600 yuan-40,672,600 yuan, an increase of 463.56%-647.3% over the same period of last year. The company said that during the reporting period, the prices of raw materials of the company’s main products showed a downward trend, which played a positive role in the recovery of the company’s performance; At the same time, the company actively implemented cost reduction and efficiency improvement, optimized operational efficiency, and continuously improved profitability, so that the company’s operating performance is expected to increase compared with the same period of last year.
It is worth noting that the share price of Kangtai Bio, which predicted a big loss last night, also rose sharply today, with the highest intraday price exceeding 8%. At the close, the stock reported 36.26 yuan, up 5.44%, with the latest market value of 40.6 billion yuan.
Kangtai Bio disclosed its performance forecast last night. It is estimated that the net profit attributable to shareholders of listed companies in 2022 will be a loss of 76 million-150 million yuan, down 106.02%-111.87% year-on-year. The company pointed out that during the reporting period, due to major changes in the vaccination environment in COVID-19 at home and abroad, the company’s COVID-19 vaccine sales dropped sharply compared with the previous year. At the same time, in accordance with the relevant provisions and requirements of the Accounting Standards for Business Enterprises, the company made provision for asset impairment of COVID-19 vaccine-related inventory goods, raw materials, self-made semi-finished products, production equipment and COVID-19 inactivated vaccine development expenditure in 2022, and spent 303 million yuan on clinical research and development expenditure of COVID-19 inactivated vaccine. The above factors reduced the total profit by 1.088 billion yuan, and the net profit was reduced by 816 million yuan.
The coal plate rose against the trend
The coal sector rose against the trend. At the close, Shaanxi Black Cat and Zhengzhou Coal and Electricity had daily limit, Lu ‘an Huaneng, Yankuang Energy and mountain coal international rose over 7%, and Jinkong Coal, China Coal Energy and China Shenhua rose over 5%.
Besides, Yankuang Energy, Yitai Coal, China Coal and China Shenhua listed on the Hong Kong Stock Exchange rose by about 9%, nearly 8% and nearly 5%, respectively.
In the news, yesterday, China Coal Industry Association and China Coal Transportation and Marketing Association issued a proposal on ensuring coal supply during the Spring Festival, proposing to give priority to coal supply and make emergency preparations. The coal transportation and marketing department should further improve its political position, always establish the awareness of ensuring the supply and price stability of coal, and give priority to ensuring the supply and delivery of coal in long-term contracts. At the same time, it is necessary to keep abreast of downstream users’ demand and inventory status, pay close attention to changes in the market situation, actively maintain the operation order of the coal market, and respond to the national emergency supply guarantee task in a timely manner.
Open source securities said that the coal industry is affected by both supply and demand, but it will also face the weak reality of supply in the first quarter, and the weak supply and demand will lead to the high coal price. At present, coal stocks have been fully adjusted, which implies the expectation of weak economy in the first quarter. In addition, they have high dividends and low valuations, which are not only attractive, but also have a high enough safety margin, both offensive and defensive. In addition, Guanghui Energy recently disclosed that the company’s net profit in 2022 is expected to increase by 126%-130% year-on-year, and the performance forecast of other coal enterprises’ annual reports in 2022 will be gradually disclosed. 2022 is a year of rapid profit growth in the coal industry, and the unexpected performance is also expected to catalyze the market.
A piece of news explodes the concept of baby.
The concept of baby rose in intraday trading. At the close, Rabbi Blonde and Anna Nair had daily limit, mygym rose by nearly 6%, and king of the children, Baby Friendly Room and Gaole shares all strengthened.
The concept of assisted reproduction has also been manifested, with Shengnuo Bio and Hanshang Group rising by over 7%, while Orrit and Aoyang Health rising by over 4%.
In the news, recently, the Shenzhen Health and Health Commission publicly solicited opinions on the Measures for the Administration of Parenting Subsidies in Shenzhen (Draft for Comment). The "Administrative Measures" proposes that if a child is born after 0: 00 on the date of the formal implementation of the measures and is born in the Shenzhen Public Security Department, the child development allowance will be counted from the date of the child’s birth until the child reaches the age of 3; After being born into a household, you can apply for a one-time maternity allowance and a child-rearing allowance issued year by year.
In addition, a few days ago, the Central Economic Work Conference gave important instructions on social issues such as China’s birth policy and old-age service, and proposed to improve the birth support policy system, implement the policy of gradually delaying the statutory retirement age in a timely manner, and actively respond to the aging population and declining birthrate.
According to the agency, in recent years, in the face of the decreasing birth rate of newborns and the increasing aging rate, "one old and one young" has become the core issue of social policy. The state gradually adjusts the birth policy, gradually liberalizes the second and third births, improves the birth support policy, and enhances the social birth will.
Guojin Securities believes that with the continuous loosening of the birth policy, the demand for multiple births in China will be released, and the infant-related products that are expected to benefit directly in the short term, among which fast-moving consumer goods will benefit more than durable consumer goods, such as infant milk powder and skin care products, followed by infant clothing, etc. At the same time, it will also drive the relevant retailers to speed up their development (such as offline baby products retailers and cross-border e-commerce maternal and child plates, etc.) and the demand for improvement of large-sized housing will also increase. In the medium and long term, with the increase of the age of newborns, the population of children and adolescents will increase accordingly, and children’s toys and entertainment consumption of young consumers will also benefit.
"Easy Sifang" Motor Tongda Power with Firewheels has a daily limit of 5 consecutive days.
It is worth mentioning that the recent performance of Tongda Power is quite eye-catching. Up to now, it has been trading for five consecutive trading days. The stock closed at 19.43 yuan today, with more than 47,000 orders on the daily limit.
Tongda Power recently said on the investor interaction platform that the company’s current products in the field of new energy vehicles mainly focus on the stator and rotor cores of driving motors. BYD is one of the company’s important customers, and the company also has many new energy automobile enterprise customers. At present, the company has full production capacity and sufficient capacity utilization rate. In the future, the company will focus on the projects of wind power generators and new energy vehicle drive motors, and increase development efforts.
Recently, BYD held a brand launch conference, launched millions of high-end models U8 and U9, and released a brand-new self-developed easy Sifang technology platform. It is reported that the "Easy Sifang" technology is the first mass-produced four-motor drive technology in China, which enables the automobile to accurately control the four-wheel dynamics of the vehicle by virtue of the four-motor independent vector control technology and creates a brand-new automobile safety technology system.
Some analysts pointed out that Tongda Power, which has soared recently, is the supplier of BYD motor stator core, and the most critical part of "Easy Sifang" is the motor. The rapid growth of demand for new energy vehicles has driven the drive motor industry to flourish.
Experts responded by advising people to take out one-third of their savings to buy a house: not forcing low-income families to buy a house.
According to Zhongxin Jingwei, recently, experts advised people to take out one-third of their savings to buy a house, which triggered a heated discussion. On the 11th, Meng Xiaosu, a well-known scholar, responded: "Some netizens said,’ Low-income families have no money, so what can they buy a house?’ In fact, they are not wrong. Low-income families suffered the most from the epidemic in three years, and their quality of life declined mainly. Therefore, it is not realistic to just say’ support the need to buy a house’ or’ strongly support the purchase of the first suite’. He believes that it is necessary to encourage residents who have the ability to pay to buy houses, so as to promote economic, employment and income growth and benefit low-income groups.
Meng Xiaosu said that he never thought it was right to force low-income families to buy commercial housing. Over the years, he repeatedly stressed that low-income families, new citizens and young families should be provided with affordable housing, including property-based housing and rental housing, instead of just buying commercial housing. To this end, we must speed up the improvement of the "dual-track housing system", the government should fulfill the responsibility of providing affordable housing, and state-owned enterprises should return to the security track as soon as possible.
Earlier, Meng Xiaosu said in a public interview: "The deposits of China residents have increased by 15 trillion yuan. If one third of them are taken out to resume the purchase of houses and decoration, will China’s economy not recover smoothly?" Subsequently, this view sparked a heated discussion on the Internet and boarded a hot search.
In this regard, Meng Xiaosu said that in the first 11 months of 2022, the sales of commercial housing in China was about 11.86 trillion yuan, and it is expected to be around 13.4 trillion yuan for the whole year, which is about 5 trillion yuan lower than the 18.19 trillion yuan in 2021. "It’s like cutting the bottom of the barrel, how can the economic operation not be affected? When I say’ take out 5 trillion yuan to buy a house’, I mean the lost 5 trillion yuan of housing sales. "
Does Paxlovid’s failure to enter the medical insurance catalogue affect the medical insurance in COVID-19? National medical insurance bureau responded
The the State Council Joint Prevention and Control Mechanism held a press conference on the 11th. Responsible comrades from relevant departments of the Ministry of Civil Affairs, the Ministry of Commerce and the State Post Bureau and experts from China CDC attended the conference, introduced the situation of epidemic prevention and control in key institutions and places, and answered questions from the media.
At the meeting, the reporter asked, Paxlovid made in Pfizer failed to enter the medical insurance catalogue through negotiation. Will it have an impact on the medical insurance in COVID-19?
In this regard, Huang Xinyu, director of the Medical Service Management Department of the National Medical Insurance Bureau, said that the National Medical Insurance Bureau has always attached great importance to the guarantee of medication in COVID-19. In 2021, we have formulated two medical insurance policies and included them in the payment scope in the catalogue. With the timely follow-up of the diagnosis and treatment plan, the scope of the medical insurance drug list was adjusted.
Huang Xinyu said that COVID-19’s therapeutic drugs have always been the focus of our attention. In the medical insurance catalogue negotiation in 2022, three COVID-19 therapeutic drugs were included in the negotiation, including Pfizer’s Paxlovid, which unfortunately failed. However, don’t worry too much. Just last week, the National Medical Insurance Bureau just formulated a notice to optimize the medical insurance policy for treatment expenses after the COVID-19 Class B Hospital, which clearly continued the policy of temporary payment for listed drugs in the existing diagnosis and treatment plan. The current payment will be made until March 31 this year, during which the patient’s medication will not be affected.
In addition, in the medical insurance catalogue, there are more than 600 kinds of drugs for treating colds and fever. It should be said that the insured has a rich choice of drugs. The National Medical Insurance Bureau is also paying close attention to the research and development progress of COVID-19’s treatment. It is known that some new drugs for COVID-19’s treatment have been put on the market one after another recently. We believe that with the increase of new drugs on the market, patients’ choice of clinical drugs and their ability to guarantee will be further improved. The National Medical Insurance Bureau will pay close attention to the price level of drugs used in COVID-19, do a good job in price monitoring and management, do a good job in ensuring the cost of COVID-19, and strive to reduce the burden on patients.
Eight guidelines for epidemic prevention and control in the cultural tourism industry are abolished
The General Office of the Ministry of Culture and Tourism issued a notice on the implementation of the "Class B Management" of novel coronavirus infection and the prevention and control of the epidemic situation in the cultural and tourism industries. It is mentioned that local cultural and tourism administrative departments should, in light of local conditions, formulate measures to prevent and control the epidemic situation in the industry after the implementation of "Category B Management" and measures to prevent and control the epidemic situation when it is serious, ensure that all epidemic prevention and control requirements are put in place, and ensure the normal development of cultural and tourism activities and the orderly flow of personnel. As of the date of issuance of this notice, eight guidelines for epidemic prevention and control in the cultural and tourism industries shall be abolished at the same time.
On January 29th, today’s well-known digital blogger @ Digital Chat Station revealed that Huawei is testing two screens, which are used in Huawei P70 series. The screen sizes may be 6.58 inches and 6.8 inches. In addition to the size, this screen will be equipped with a 2.5D contour surface and an LTPO with a resolution of 1.5K.
The blogger also broke the news that Huawei P70 series will be equipped with Kirin 9XXX chip. Previously, blogger @ Wisdom Pikaqiu broke the news that the P70 standard version will use Kirin 9000s chip.
According to PConline’s previous report, Huawei P70 series is equipped with 50Mp± IMX989 physically variable aperture main camera, 50mp super wide angle and 50Mp± 4X periscope telephoto macro lens, which may be cut. In addition, the new machine is also expected to be equipped with a new version of satellite communication technology.
P70 series will use two different sensors or different versions. It is expected that OV50H will be used in the basic version and Pro version, and IMX989 will be used in the Art version.
In terms of other configurations, Huawei P70 series is equipped with earphone stereo double-lift, and the battery uses high-density batteries above 5000mAh.
At present, Huawei officials have not announced the specific release time of the P70 series, but according to the blogger @ Wisdom Pikachu, this new machine is expected to be released in March.
Huawei has not disclosed relevant information about P70 series at present. For more follow-up information, please pay attention to the continuous report of PConline.
Editor’s comment:Huawei’s P70 series of related news also appears frequently, which makes people look forward to the appearance of this model more and more. According to the current news, this mobile phone is very capable of playing in all aspects, and it is enough to play as a flagship. I look forward to the official release of P70.
