Author: Zicheng.
Interpretation of important news
A winding-up order was issued against China Evergrande by the Hong Kong Court
On January 29, China Evergrande was arraigned again in the High Court of Hong Kong. The judge formally ordered China Evergrande to wind up.
Negotiations with major creditors broke down and Evergrande failed to agree on a restructuring plan. Creditors support the winding-up at the hearing.
As soon as the news came out, China Evergrande Hong Kong stocks were suspended, and the stock price fell by 2087%。The current market capitalization of Evergrande is only 221.8 billion Hong Kong dollars, the lowest intraday stock price went to 0HK$162 shares, a representative of real estate penny stocks. At the same time, Hong Kong stocks Evergrande Automobile and Evergrande Property were suspended intraday.
Interpretation:After more than two years of thunderstorming, I finally have to say that sentence: Evergrande, goodbye!
This means that Evergrande will become the first real estate company to declare "bankruptcy", and the scale of debt is unmatched.
Bankruptcy liquidation is a major blow to Evergrande's related parties.
In fact, from the very beginning, the chances of Evergrande being able to complete the debt restructuring were slim.
With a debt of 2 trillion yuan and a net worth of negative 600 billion, Evergrande, a giant, is difficult to find a receiver.
said that he wanted to sell the equity of Evergrande Property and Evergrande Automobile, but it never came to fruition;
wanted to sell the headquarters of Hong Kong Evergrande, and the price was reduced twice, but Li Chaoren still didn't make a move in the end;
Xu Jiayin said back then that he would never sell Evergrande's assets cheaply, but now it seems that no one dares to take this hot potato.
According to the process of China's bankruptcy liquidation law, the order of repayment is to pay off the arrears of employee wages and labor insurance expenses first;
The second is the tax arrears of bankrupt enterprises; Finally, there is the bankruptcy creditor, that is, the creditor of Evergrande.
According to the latest released data, Evergrande Real Estate has accumulated 3,013 unpaid debts due$6.3 billion; As of the end of October 2023, Evergrande Real Estate has accumulated 2,059 overdue commercial bills3.3 billion yuan. Together, Evergrande Real Estate Group's overdue debts totaled 5,0729.6 billion yuan.
And this is only an explicit overdue debt, and there are more hidden debts, such as the overdue part of Evergrande Wealth Management, the overdue loan of Evergrande's affiliated companies, litigation and so on.
Evergrande said that as of the end of October, the cumulative target amount of Evergrande Real Estate's unlitigated cases reached 4,7075.5 billion yuan.
500 billion in debt, and 470 billion in lawsuits. Evergrande, this salted fish failed to turn over.
When heaven and earth work together, it is not free to transport heroes, not to mention gamblers like Xu Jiayin, even more so, when he climbs to the top floor of Qiong Tower, the end may be doomed.
In every era, there are lucky people in every era, and every cycle also has its own successes.
One wrong step, one wrong step! There is no more belt brother in the world!
For the first time, Dongfang Selection wrote "retaining live broadcast talents" into its financial report
Recently, Oriental Selection released its interim results report for the 2024 fiscal year. This is the first time that Dongfang Selection has released its financial report after the launch of Dong Yuhui's new account "Walking with Hui".
It is worth mentioning that this is the first time that Dongfang Selection has written "retaining live broadcast talents" into its financial report, and listed it as one of the key areas for future efforts.
In the section "Future Plans for Self-operated Products and Live Streaming E-commerce Business", Dongfang Selection wrote: "Grow, retain and continue to cultivate our mature and promising team of live broadcast talents, convey educational wisdom to the audience in an entertaining and educational way, and distill simple and easy-to-understand information about Chinese culture, history, well-being and Chinese agriculture to a wider audience.
Interpretation:Searching the content of Dongfang Selection's past financial reports, the word "retention" appears for the first time in Dongfang Selection's financial reports.
This should also be the first time after the "small essay incident" that Dongfang Selection has officially expressed its great importance to live broadcast talents through financial reports.
In the previous financial report, more emphasis was placed on its ability to continue to cultivate popular anchors, and "retaining live broadcast talents" was not yet taken as the key point. Anyone with a discerning eye can see who is the most worthy of retaining live broadcast talents in Dongfang's selection.
Yu Minhong also sighed in his speech at Peking University on January 20: "God is really very good to New Oriental, and sent Dong Yuhui to my side, because Dong Yuhui's popularity alone has brought the popularity of the entire New Oriental." ”
Judging from the topics that are highly discussed by the outside world and the key information of analyst meetings, the first issue that major shareholders and shareholders are most worried about is the stability of live broadcast talents.
I believe that many people have lingering palpitations about the "Dong Yuhui Small Essay Incident". From his remarks with Sun Dongxu to anger his mother-in-law, Dong Yuhui was forced to suspend the live broadcast, and it was rumored that Dong Yuhui might leave his job or start a business, and major platforms and senior headhunters were even more ready to move.
During the period, the sales of Dongfang Selection declined, and more than 2.2 million fans lost in 7 days, with a total of 22% in a single week, and the market value evaporated by more than 7.5 billion. It was not until Dong Yuhui was promoted to senior partner of Oriental Selection and vice president of Oriental Cultural Tourism that Yu Minhong promised to set up a personal studio for Dong Yuhui, and the board of directors removed Sun Dongxu from the position of CEO, so that the loss was stopped in time.
The ups and downs of this series of core data have allowed Dongfang Selection and all onlookers to witness the fan influence, cash flow capacity, and stock price appeal of the head anchor Dong Yuhui.
But whether it is the top anchor Dong Yuhui or other excellent anchors, they are all living people, and there is uncertainty about whether they can stabilize all live broadcasters and ensure that they can give full play to their talents and values, which directly determines that Dongfang Selection has maintained high growth, and it is also what shareholders have always been most concerned about.
If every company has an ability that cannot be replicated, then Dong Yuhui's unclear user preference problem is the most unrepeatable aspect of Dongfang Selection at present, and it is also the easiest to open up a gap with competitors.
Of course, Yu Minhong also mentioned: "If Dongfang Selection only relies on Dong Yuhui to develop alone, then this is not a normal company." A normal company should be well-rounded, and all these streamers are going all out, and the company itself is going all out. ”
Therefore, in addition to stabilizing the top anchor Dong Yuhui, Dongfang Selection also has to ensure the stability of the second-echelon anchor group and build a new anchor training system. All the anchor IPs may be able to form the big brand IP selected by Oriental, just like the brand of New Oriental was to the education and training industry.
to character point of view
Dong Mingzhu: Gree will take out an extra 200 million yuan to give employees a year-end bonus
At the Gree 2024 Global Dream Ceremony, Dong Mingzhu, chairman and president of the company, publicly announced that he would give an additional 200 million yuan to employees for year-end bonuses. In Dong Mingzhu's view, in order to let employees work with dignity, altruistic thinking is conducive to the development of enterprises, so we must treat everyone well. She also emphasized that Gree Electric has its own mission and responsibility, not a simple factory, let alone a factory for profit.
Zhou Hongyi said that entrepreneurs should learn to be Internet celebrities, and there are 100 Yu Minhong separated from Dong Yuhui
On January 26, at the open class of the Yabuli Forum Growth Plan, Zhou Hongyi said that he recently went to Dongfang to select and study, and realized that his thinking was also lagging behind, and his understanding of Internet celebrities was relatively superficial, and there were still 100 Yu Minhong between him and Dong Yuhui.
Dong Yuhui brought cosmetics to cut off the expensive ones
Recently, Dong Yuhui once again talked about the needs of netizens in the live broadcast room who wanted him to bring cosmetics. He said that the team was already looking for related products, but he asked to take a look at them after finding them, "I may have a veto power and cut all the expensive ones." ”
A billionaire with a net worth of 40 billion, he is the president of the Shanghai Egg Association
On the morning of January 27, the first meeting of the first general meeting of the Shanghai Egg Sports Association was held in the Shanghai Chess and Card Sports Management Center. At the meeting, the chairman of Oriental Fortune was elected as the chairman of the first council.
In fact, formerly known as Shen Jun, born in October 1970, graduated from Shanghai Jiao Tong University with a bachelor's degree, Fudan University with a doctorate degree and a doctorate, and is a deputy to the 14th National People's Congress. In 2005, he founded Oriental Fortune and is currently the chairman of Oriental Wealth. According to the company's investigation, in fact, the shareholding ratio of Oriental Wealth is 1931%, based on the current market value of Oriental Wealth, its net worth has reached 401700 million yuan.
Li Xiang: Li Auto will not invite celebrities to endorse, and try to implant products into variety shows, movies, and TV series
On January 28, Li Xiang, CEO of Li Auto, posted a document saying that he would not invite celebrity endorsements, insisting that car owners are the best spokespersons; In 2024, we will try to implant a small number of popular variety shows, movies, and TV series, which are not much compared to the scale of revenue.
Cui Dongshu: Going overseas will become the next flashpoint of the automobile industry in the next 10 years
On January 28, Cui Dongshu, Secretary-General of the Passenger Association, issued a document saying that with the breakthrough progress made in independence, China has become the world's largest single automobile market, and has given birth to a number of high-quality automobile and parts enterprises, while deeply cultivating the domestic market, it is also continuing to promote overseas expansion, and by 2023, China has become the world's largest automobile exporter. China's automotive industry chain is resilient and its relative competitiveness in the world is growing rapidly, which is the core driving force of China's automotive globalization. Going overseas will become the next flashpoint of the automotive industry in the next 10 years.
LV boss regained the richest man in the world and surpassed Musk again
According to Forbes, Bernard Arnault, chairman and CEO of French luxury goods giant LVMH, once again surpassed Tesla CEO Elon Musk to become the world's richest man.
On Friday, LVMH reported a 9% increase in sales in 2023 and a 10% increase in sales in the fourth quarter, driven by demand, including Chinese buyers. Boosted by this, LVMH's market capitalization reached $388.8 billion on Friday. The Arnault family's net worth skyrocketed by $23.6 billion to $207.6 billion, surpassing Musk's $204.7 billion.
Musk responded that Tesla's R&D spending is much lower than Apple's
Tesla announced this week that its 2023 R&D spending was $39At $6.9 billion, it's the highest year so far, but still well below some of the other tech companies in the Big Seven. "In 2023, Apple spent about $29 billion on R&D, more than Tesla has historically spent on R&D," electric vehicle analyst Sawyer Merritt posted on X. This really gives you an idea of how much innovation Tesla gets for every dollar invested in R&D. ”
Musk responded: "There is a huge difference between businesses when it comes to the effectiveness of R&D spending. ”
to Data does the talking
Data survey: Sixty percent of the respondents believe that they should start to reserve their retirement wealth before the age of 40
Recently, the Pension Finance 50 Forum revealed the participation and future willingness of residents in pension finance through a report. Survey data shows that more than sixty percent (66.).12% of respondents believe that retirement wealth reserves should start before the age of 40, of which, 2360% of the respondents believe that they should start preparing for retirement before the age of 30. However, there is a large gap between the reality of the current national pension wealth reserve and the expected scale. The average value of the respondents' expectation of pension assets for the entire pension period is 1248952 yuan, while the average value of the pension assets that the respondents have reserved is 456052 yuan.
Interpretation:With the advent of the aging wave, more and more people have begun to pay attention to the issue of pension, they are worried about their own and their parents' pension, and they are also keen on the various possibilities of the emerging pension model on social platforms, trying to use a proper preparation in advance to travel through time and take care of themselves who will age in the future.
In the context of an aging society, it is more difficult to provide for the elderly in the post-80s and post-90s. Most of them are only children, and after forming a family, they may have to take care of four elderly people at the same time, while also bearing the high cost of raising a baby. In general, if you want to maintain the standard of living before retirement in the future, it is very difficult to rely on social security alone.
According to the recommendations of the World Bank, in order to ensure that the standard of living does not decline after retirement, we need to ensure that the pension replacement rate is maintained at a level of no less than 70%. At the same time, the International Labour Organization (ILO) has proposed a minimum pension replacement rate of 55 per cent. However, according to official data, the replacement rate of the first pillar of China's pension, that is, the basic pension insurance, has gradually declined, and the national average has been lower than 50%, and it may continue to decline in the future.
As Nobel economist Robert Morton suggested, the goal of our retirement planning is not to accumulate assets, but to prepare a steady stream of income and cash flow for retirement.
In other words, the pension reserve solves the problem of whether we can have enough discretionary funds and how long we can sustain our lives when we really need money after retirement.
After all, when we get older, it's often when our own income is at its most limited, and we have assets that don't directly cover our living expenses or medical expenses.
Imagine that when you need cash to pay for living expenses and medical expenses in retirement, assets such as property and equity cannot be directly converted into usable cash, and may even be gradually depleted in the future.
Therefore, in the case of the increasingly urgent aging problem and the huge pressure on the payment of social security pensions, ** has also been actively advocating people to buy commercial pensions to supplement their post-retirement income.
If we say, the pension reserve is to a large extent a continuous flow of funds equal to the life expectancy. It coincides with the middle age of the "peak" of life, and it is undoubtedly the best time to make this reserve.
Taking the retirement age of 60 years old as a reference, around 40 years old is a transit point in the trajectory of life. At this stage, which is considered to be the year of no confusion, many people are more clear about their family responsibilities and career plans, and their economic income has reached a relatively high level and maintained steady growth. At the same time, they are mature and have the wisdom to provide security for the future. Therefore, once the age of 40 is reached, most people are more inclined to actively pursue long-term security and start to take action.
Retirement planning is like climbing a mountain, if the age of 60 is the top of the mountain, then the earlier you plan, the easier it will be to reach the top. Therefore, it is important to pay attention to your health from now on to reduce your risk of disease; At the same time, make good use of the key point of 40 years old, take the future into consideration, make long-term planning, and make funds or pension reserves in advance, so that you can have the ability to resist various risks on the day you grow old.
Last year, Shanghai's GDP reached 472 trillion, the output value of the new energy vehicle industry increased by 32 over the previous year1%
On January 28, the Shanghai Municipal Bureau of Statistics and the Shanghai Survey Team of the National Bureau of Statistics released the 2023 Shanghai National Economic Movement. According to the results of the unified accounting of GDP, in 2023, the city's GDP will reach 47,2186.6 billion yuan, calculated at the same **, an increase of 5 over the previous year0%。By industry, the added value of the primary industry was 960.9 billion yuan, down 15%；The added value of the secondary industry was 116129.7 billion yuan, an increase of 19%；The added value of the tertiary industry was 355096 billion yuan, an increase of 60%。In 2023, among the city's industrial strategic emerging industries, the output value of the new energy vehicle industry will increase by 32% over the previous year1%, the output value of the new energy industry increased by 213%。
Company movements
Dongfang Selection Anhui Branch plans to enter Hefei after the Spring Festival
Hefei released "WeChat *** news, on the morning of January 28, the completion and housewarming ceremony of New Oriental Anhui Headquarters Building was held in Baohe District, Hefei City.
As the first self-built headquarters building of New Oriental Education and Technology Group in the country, New Oriental Anhui Headquarters Building covers an area of about 20 acres, with a construction area of about 60,000 square meters, a total investment of 500 million yuan, and a total of 22 floors. Yu Minhong said at the launching ceremony that the Anhui branch of Oriental Selection plans to enter Hefei after the Spring Festival this year.
Moutai will open part of the distribution rights? Insiders responded
Recently, there have been rumors in the market that Moutai will open part of its distribution rights. In this regard, insiders of Moutai Group told reporters that since 2024, Moutai has only opened overseas distribution rights to some domestic contracted dealers with overseas resources, allowing them to submit applications for the intention to open overseas Moutai stores to expand overseas markets, not open distribution rights to the public.
Fat Donglai's retired employees received 6 boxes of Spring Festival benefits
January 27, Xuchang, Henan. Fat Donglai's retired employees received six boxes of Spring Festival welfare products such as nuts and juice from Fat Donglai. Ms. Liu, a retired employee, introduced that she entered Fat Donglai in 2007 and worked in Fat Donglai for 13 years, retiring in September 2020. In the past few years of retirement, the benefits of the New Year's holidays are the same as those of on-the-job employees, and I can feel the love of Fat Donglai, and I feel that I have never been forgotten by Fat Donglai, which is particularly moving.
J&T Express was interviewed by the State Post Bureau
Recently, the Market Supervision Department of the State Post Bureau conducted an administrative interview with J&T Express on the issue of continuous use of unqualified container bags. The interview pointed out that in the express packaging inspection and product quality sampling inspection organized by the State Post Bureau, heavy metals were detected in the container bags used by J&T Express in Shanxi, Sichuan in 2021, Tianjin, Inner Mongolia, Shandong, Qinghai and other 6 provinces (autonomous regions and municipalities) in 2022.
CATL and Didi announced the formal establishment of a battery swap joint venture
CATL's official WeChat news, on January 26, Didi and CATL announced the formal establishment of a battery swap joint venture in Ningde City, Fujian Province. Cheng Wei, Chairman and CEO of Didi, and Zeng Yuqun, Chairman and General Manager of CATL, attended the event and witnessed the signing.
Xie Jingjing, General Manager of Didi Xiaoju Energy, and Zhu Wei, Executive President of CATL's Passenger Vehicle Division, signed a joint venture agreement. This cooperation is an important strategic layout of the two parties in the field of public energy supplementation, and the two parties will lead the industry service and technical standards, improve resource utilization and social operation efficiency. In addition to the establishment of a battery swap joint venture, CATL has also formed a strategic cooperation intention with Xiaoju Energy, a subsidiary of Didi, to promote cooperation in a wider range of new energy fields such as storage and charging.
WM Motor commenced the reorganization process
Recently, the Third Intermediate People's Court of Shanghai issued the above announcement, and the reorganization procedure of WM Motor has been initiated, and a creditors' meeting will be held in March. WM Motor was founded in 2015 by Shen Hui and has two car-making qualifications and factories, located in Wenzhou, Zhejiang Province and Huanggang, Hubei Province. WM Motor was once one of the leading new EV manufacturers in China, with a market position second only to NIO (NYSE:NIO), Xpeng (NYSE:XPEV) and Li Auto (NASDAQ:LI).
In 2018, WM Motor was sued by Geely Holding Group for infringing trade secrets, and in 2020, there were a number of spontaneous combustion incidents in vehicles under the brand, and the company's operation gradually fell into difficulties. In October 2023, WM Motor applied for a pre-reorganization.
The "Made in Chengdu" flying car AE200 completed its first flight: it has a range of up to 300km and can seat 5 people
A few days ago, the AE200 electric vertical take-off and landing aircraft (EVTOL) airworthiness technology verification aircraft developed by Wofei Changkong, an enterprise in Chengdu High-tech Zone, completed its first flight, and EVTOL business aviation travel is expected to be the first to land in Chengdu in the future. The AE200 is developed by Geely's Wofei Changkong, and is the first manned manned EVTOL in China to be approved by the Civil Aviation Administration of China for airworthiness approval, with a wingspan of 145 meters, machine height 46 meters, 9 meters long, the standard cockpit can carry 1 pilot and 4 passengers, and the maximum range is 200 km to 300 km.
Apparel giant Levi's has announced worldwide layoffs
San Francisco-based denim brand Levi's announced that it will cut 10% to 15% of its global workforce in the first half of 2024 as part of a two-year restructuring plan due to weak sales. Levi's currently employs around 20,000 people worldwide, and the restructuring plan is expected to result in cost savings of $100 million in fiscal 2024.
Wuliangye opened a store in Renhuai, Guizhou for the first time
Recently, Wuliangye officially opened its store in Renhuai City, Guizhou, and Mr. Liu Yang, deputy general manager of Wuliangye Co., Ltd., said in his speech that Renhuai Liquor has a strong atmosphere. Wuliangye opened a store in Renhuai, which not only enriches the varieties of high-quality famous liquors in Renhuai, but also provides consumers with more choices.
Wuliangye and Moutai are the twin stars of China's liquor industry, and we hope that in the future development process, we can develop together with each other. It is reported that at present, Wuliangye has built more than 1,680 Wuliangye stores, covering 996 districts and counties in 324 cities across the country.
The third subsidy for the U.S. chip industry is coming, and Intel, TSMC, etc. will receive billions of dollars in funding
Biden** is about to provide billions of dollars in subsidies to top chip companies, including Intel and TSMC, to help them build new chip manufacturing plants in the United States, which is also the third subsidy under the US CHIPS Act. Some of the subsidies will be announced before Biden's State of the Union address on March 7, according to sources. Intel is one of the potential beneficiaries of subsidies with a total investment of more than $43.5 billion across multiple projects in Arizona, Ohio, New Mexico, and Oregon. TSMC is also investing $40 billion to build two new factories near Phoenix. South Korea's Samsung Electronics invested $17.3 billion in a project in Texas and is also a potential recipient of subsidies.
Microsoft's Xbox and Blizzard's Activision layoffs
Recently, Microsoft announced that the game business will lay off about 1,900 employees in the game team, mainly involving Activision Blizzard, Zenimax and Xbox teams, and Microsoft will adjust the cost of games. Microsoft Games team about 220,000 employees, the proportion of layoffs is about 86%。
Guosheng Technology: Chairman Wu Jun has been retained but can still perform his duties normally, and employee salaries have been paid in accordance with regulations
Guosheng Technology announced on the evening of January 28 that Wu Jun, the actual controller and chairman of the company, was taken into custody on November 2, 2023, to cooperate with the Huai'an Municipal Supervision Commission to assist in the investigation, but the matters involved have nothing to do with the company. As of the disclosure date of this announcement, the company has not received the above-mentioned written notice related to lien, nor has it received any investigation or cooperation with the investigation documents of the competent authority on the company.
Although Wu Jun was placed in liuzhi, he was still able to perform his duties normally, give instructions on major matters of the company, sign important documents of the board of directors and other documents that should be signed by the company's legal representative or chairman of the board. The company has a sound governance structure and business control process, production and operation are carried out normally, and employee salaries are paid in accordance with the relevant regulations of the company.
Samsung has set up a laboratory in the U.S. to develop a new generation of 3D DRAM
Samsung Electronics, the world's largest maker of memory chips, has set up a new research lab in the United States to develop a new generation of 3D DRAM, according to industry insiders.
The lab, part of Silicon Valley-based Device Solutions America (DSA), which is responsible for Samsung's semiconductor production in the U.S., will work on developing upgraded DRAM models that will enable Samsung to lead the global 3D memory chip market. In October last year, Samsung revealed that it was preparing a new 3D structure for sub-10nm DRAM, allowing for a larger single-chip capacity that can exceed 100 gigabits.
The Hong Kong Court issued a winding-up order against China Evergrande