Sales continued to decline, and the stock price dropped by as much as 36%. What is Xpeng Motors’s "antidote"?

The year 2024 has just begun, and Xpeng Motors is a bit "difficult".

In the delivery list in January, Xpeng Motors achieved a sales volume of 8,250 vehicles, down 59% month-on-month, which was the biggest drop among the new car-making forces. In February, sales in Xpeng Motors continued to decline, and only 4,545 new cars were delivered in February.

For the reason of the sales slump in February, He Xiaopeng attributed the reason to the production capacity of the new car X9. He said, "Due to too many orders, the production capacity has not kept up. In January, Tucki accumulated tens of thousands of orders for X9. At present, the difficulties faced by X9 have been solved, and the Spring Festival will fully work overtime to quickly improve the production capacity guarantee delivery."

In other words, the decline in sales is only temporary, and sales will gradually pick up in the future.

Although He Xiaopeng is still optimistic about the future of Xpeng Motors, the capital market does not see it this way. According to Kan Jian Finance, since 2024, Xpeng Motors’s share price has been falling continuously. As of the close of March 5, Xpeng Motors’s Hong Kong stock market closed at HK$ 35.95 per share. Although it has rebounded recently, its share price fell by as much as 36% in 2024.

Why did Xpeng Motors’s share price plummet by 36% in more than a month, and its performance was so bleak? In addition to the reason for the sharp drop in sales, what is the capital market still worried about?

Tucki’s "sleepy"

Xpeng Motors’s sales volume in January really fell far short of expectations.

According to official data, Tucki X9 delivered 2,478 vehicles in the first month, and the total sales of the remaining models were only 5,772 vehicles, including the main models-P7I and G6.

Of course, the production capacity of the new car X9 may have some problems, but the core of the problem at present is that even if the production capacity of the X9 can keep up, the sales volume in Xpeng Motors will not change much. After all, before the X9 was listed, the sales volume in Xpeng Motors could still exceed 10,000, but now after the new car is listed, the sales volume can’t even reach 10,000.

At present, it’s not easy for Xpeng Motors to increase sales again. After all, Xpeng Motors has been reducing prices and promoting sales since last December. According to media reports, Xpeng Motors has started several rounds of price cuts since December. For example, in early December, the maximum discount for all models of Tucki P7i was 26,000 yuan, and the maximum discount for Tucki G9, which was listed less than three months ago, was 19,000 yuan. In mid-December, Xpeng Motors announced that all G6 departments in Tucki would continue to reduce or exempt 10,000 yuan in a limited time. In January of this year, Xpeng Motors even announced that it would purchase the P7i Pengyi Performance Edition, and enjoy a limited-time subsidy of 50,000 yuan.

So many rounds of price cuts can’t move Xpeng Motors’s sales, which shows how much pressure Xpeng Motors is under now. This may also explain why Xpeng Motors’s share price performance has been so poor recently.

In fact, such a large-scale and continuous price reduction has brought many hidden dangers to Xpeng Motors’s performance. After all, Xpeng Motors is still at a loss.

According to the financial report, as of the third quarter of last year, the accumulated net profit of Xpeng Motors was-9.028 billion, the gross profit margin of the company as a whole was -2.7%, and the gross profit margin of the automobile business was -6.1%, which shows that Xpeng Motors is still in a situation of "selling one car and losing another". According to the recent price reduction, Xpeng Motors’s losses will further expand in the fourth quarter.

However, in order to stabilize sales, Xpeng Motors has neglected so much. According to media reports, since February, Xpeng Motors has launched a new round of price reduction promotion.

According to media reports, from February 1, 2024 to February 29, 2024, the 2024 Tucki G9 will receive a maximum of 10,000 yuan in cash during the Spring Festival, and a maximum of 11,000 yuan in limited-time optional discount, starting from 253,900 yuan for the whole department. At present, the official normal guide price of the 2024 Tucki G9 is 263,900-359,900 yuan.

However, the "drug effect" of price reduction tends to be smaller and smaller, and it can be predicted that the price reduction of ——G9 will have very limited sales promotion effect in Xpeng Motors.

How does Tucki "break through"?

For Xpeng Motors, the decline in sales is not the biggest problem. What is more serious is that its moat is becoming more and more fragile.

Previously, Kan Jian Finance had repeatedly analyzed Xpeng Motors, a car company. Among the three new forces, Xpeng Motors has the strongest scientific and technological attribute, and Xpeng Motors also wants to build its own scientific and technological moat. According to the financial report, in the past five years, Xpeng Motors’s R&D expenditure was about 15 billion, and it was this huge R&D expenditure that led to its losses year after year.

About two years ago, when the new energy vehicle market was still in the state of automation transformation, Xpeng Motors succeeded in creating scientific and technological attributes by virtue of its first-Mover advantage. However, with the competition of new energy vehicles entering the second half, more and more car companies are now making intelligent transformation, and the advantages of Xpeng Motors are becoming less and less obvious, especially with Huawei’s massive entry into the new energy vehicle market.

As far as the most important intelligent driving technology is concerned, Huawei has a tendency to surpass Tucki from three aspects: algorithm, computing power and data.

In terms of algorithm, Xpeng Motors chose NVIDIA Drive series chips and developed operators in software development, but Huawei is a self-developed chip, and only Huawei in China has realized mass production using network algorithms; In terms of computing power, Huawei’s current computing power on autopilot training is 1800P, which is three times that of Xpeng Motors’s 600P. From the data point of view, it is in sharp contrast to the sharp drop in sales in Xpeng Motors-Huawei’s world, with better intelligent software and hardware, became the new force "sales champion" in January. Obviously, in the field of intelligence, the world of inquiry has replaced Xpeng Motors’s former position, and with the growth of Huawei, when more and more car companies begin to use Huawei’s technology, Xpeng Motors’s future will become more and more difficult.

Of course, for the road of intelligence, although more and more strong enemies have emerged, Xpeng Motors obviously does not intend to give up. During the launch conference of Xpeng Motors Spring Festival, He Xiaopeng set a new timetable for NGP intelligent assisted driving: in 2024, the "full range" and "point-to-point" XNGP will be promoted in China, including scenes such as paths, internal roads and parking lots; Promote worldwide research and development of XNGP this year and next-research and development of high-speed NGP worldwide in 2024 and XNGP worldwide in 2025, which shows that Xpeng Motors will continue to invest in research and development in the future.

At present, in the face of increasingly fierce competition in the new energy vehicle market, there is not much Xpeng Motors can do but insist. But can Xpeng Motors really "survive" in the face of Huawei, a powerful competitor who has achieved good results in intelligence?

Originally, she is a famous goddess of the Korean Wave. All three old lovers are married and have children, but she is still single.

Under the bright Korean starry sky, there is such a goddess. She not only conquered the hearts of countless audiences with her beautiful appearance, exquisite acting skills and unique temperament, but also her works can be called classics, and she also left many classic images on the screen. But with such a bright star, she will always step into the emotional crossroads and pass by happiness. And this goddess is none other than Song Hye Kyo, a famous Korean actress. Next, what we need to know is not her life experience, but her affair with those Korean male gods.

The first boyfriend: Lee Byunghun, who was also a pair of love is like oxygen.

As early as January 2003, Song Hye Kyo, who was only 21 years old at that time, got to know Lee Byunghun, a famous Korean actor, just because he was filming Life and Death in Los Angeles. Because they had many opposite plays at that time, Song Hye Kyo often came together with Lee Byunghun in and out of the play. Over time, the two men had a spark of love, and finally in May of this year, they chose to announce their love. At that time, Lee Byunghun, who was full of men, and Song Hye Kyo, who was pure and beautiful, were definitely the most beautiful scenery in Han Yu. After the official announcement, Song Hye Kyo and Lee Byunghun often went out in pairs, which was very sweet and happy, but it didn’t last long. In June 2004, the two men chose to break up. As for the reasons for breaking up, some people said that they were too busy, while others said that Lee Byunghun’s hobbies were somewhat different, but perhaps the real reason for breaking up was only themselves. However, today’s Lee Byunghun married another beautiful Korean actress as early as 2013, and now he has a son and a daughter. Although he has experienced some emotional and personal problems, the Lee Byunghun family is still very happy.

Second boyfriend: Hyun Bin, the absolute golden couple-like combination.

After leaving Lee Byunghun, in 2009, Song Hye Kyo came together with another Korean male god, Hyun Bin. At that time, Hyun Bin and Song Hye Kyo were definitely a pair of golden couple in the true sense, both in terms of fame and personal influence. At that time, Song Hye Kyo’s love affair not only won the support of many people, but also many people hoped that she really wanted you to go with Hyun Bin. However, compared with Lee Byunghun, Song Hye Kyo, who is a little more mature, began to be more patient with her feelings, so she spent more time with Hyun Bin than Lee Byunghun. Unfortunately, on March 8, 2011, Song Hye Kyo or Hyun Bin chose to break up. At that time, the news also made countless fans who liked them feel extremely sad and sorry, so that whenever a beautiful love came to an end, people did not take Song Hye Kyo and Hyun Bin as examples. Like Lee Byunghun, on March 31, 2022, Hyun Bin married another famous Korean goddess-Son Ye Jin, and the two of them had known each other for many years. Through cooperation in many works, they secretly fell in love and finally came together. Now Hyun Bin has a son of his own and a happy family of three.

The third boyfriend’s husband: Song Joong Ki, who was once envied by his brother and sister.

In 2016, with a TV series called Descendants of the Sun, Song Hye Kyo achieved another success, and at the same time, she gained another love in her life. This time, her emotional journey may also be her most unforgettable one. Because of the filming of this drama, Song Hye Kyo and Song Joong Ki, who are three years younger than her, have gradually upgraded from a cooperative relationship to love, and their communication is very smooth and sweet. Due to the influence of Descendants of the Sun, almost everyone hopes that Song Hye Kyo and Song Joong Ki can make a positive result. As fans expected, on October 31st, 2017, Song Hye Kyo and Song Joong Ki formally entered the marriage hall. At that time, countless people also sent their best wishes to the former Korean Goddess. Judging from Song Hye Kyo’s age and experience at that time, it seems that Song Joong Ki is the final destination of emotion. But many things you think are stable, but they are really not stable at all. On July 22, 2019, Song Hye Kyo and Song Joong Ki ended their marriage relationship for more than a year and formally divorced. As for the reasons for their divorce, there are different opinions now. Some people think it is a problem of their lifestyle, and some say it is a problem of their career. However, as for the reasons for their divorce, only they know it. After all, this is also a privacy issue. Like the above two predecessors, Song Joong Ki registered with his pregnant girlfriend Katie on January 30, 2023, and welcomed the birth of her son on June 14 this year.On July 8th, 2024, Song Joong Ki’s wife, Katie, became pregnant again, and now Song Joong Ki can be said to be very sweet and happy at home.

Finally, when we recall these three feelings of Song Hye Kyo, we have to sigh for her that she once had these male gods, but she has never been able to make a positive result. This is really a pity. Although some people ridicule Song Hye Kyo’s "assist" ability, after all, alone with her people have a beautiful emotional ending, but for Song Hye Kyo herself, her emotional road is really full of twists and turns. But sometimes love is like this. You always feel that you got on the right bus and waited for the stop, but after you really got on it, you will find that you didn’t get on the right bus or wait for the stop.

Editor in charge:

All the girls look here! Recommendation of new energy vehicles with good value, convenience and performance.

Regardless of the price factor, if you rank the car’s face value, convenience and performance, I think for most girls, face value will be the first, then convenience, and then performance. With the increasing proportion of female consumers in the car circle, major car companies have also begun to grasp the demand points of female consumers, and have launched models specially built for female consumers, which are small and convenient with high value. Today, I will bring all the girls look look at these considerate car companies.

Wuling Hongguang MINIEV

The popular player of Wuling mini compact car broke 10 thousand in June alone. So, where did it win? I have to say, its outline and macaroon color scheme look like a cartoon car that will appear in an amusement park. It’s all soft and waxy, so don’t be too cute. The closed front face is equipped with oval headlights, and even the Wuling logo has its own design features, with a charging port hidden below. However, it is really unfriendly to put it in the underground parking lot. Generally, the front face will face outwards for convenience, but if it needs to be recharged, it will have to face inwards, which means fortunately the car is small. The shape of the rear of the car also echoes the front of the car. It is also an oval taillight. The outline is decorated with chrome trim, and the two lights are connected by contrast trim, which is relatively simple as a whole.

Configuration, conventional new energy vehicles should have, it also has, such as reversing images, uphill assistance, mobile APP remote control and other functions, which are enough for daily travel. In terms of power, the car adopts the rear motor layout, the maximum power can reach 30kW and the maximum torque is 92 N m. Although the power is much inferior to other conventional cars, its CLTC pure battery life is 215km, which is enough for daily commuting (according to the daily round trip of 20 kilometers), and it only needs to be charged once a week, and it is equipped with a fast charge, and it only takes 0 to charge the power from 30% to 80%.

Wuling binguo

Wuling Binguo locates small cars, and the starting price of 24 models is slightly higher than that of Wuling mini. If it is sold in June, this price is naturally inferior to its own mini, but it still ranks second in small cars. This Bingo vehicle looks less square and flatter. The most eye-catching feature of the front face is its slightly bulging closed middle net outline, and the lower surrounding is further decorated with black, which has a contrast effect. Viewed from the side, the car adopts a suspended roof design, which gives a full sense of movement, which is really in line with the aesthetics of contemporary young people.

Most notably, its endurance can be said to be quite excellent in the same class. The entry version is equipped with a 41-horsepower motor, and the endurance under CLTC conditions can reach 203km. The medium-sized version is equipped with a 68-horsepower motor, and the endurance is 333km. The top version has reached 410km.

Geely panda

As the name suggests, the appearance of Geely Panda really looks like a panda sitting on a plate. The round headlights are equipped with a slender closed grille, and a circle of black decorative strips is wound up on both sides. It really looks like a panda’s claws. From the whole car, the car exudes a cute and lovely atmosphere. Although the car is positioned as a mini-car, its space is still quite excellent. The four wheels are designed to be close to the edge, which makes the space supported to the maximum, and the seating and storage space in the car is more spacious.

In terms of power, Panda adopts a rear motor with a maximum power of 30kW, a peak torque of 110N·m, a pure electric cruising range of 200km, and a DC fast charging function of 22kW.

Chang’ an Lumin

The most recognizable thing about Changan Lumin is its round taillights, the outline of which is decorated with red light strips, which looks like a pair of half-squinted eyes. The interior part also has its own characteristics. The T-shaped center console is designed, and the air conditioning outlet runs through the whole front of the car, in which the upper part is equipped with a 10.25-inch floating LCD screen, and the lower part is the control position of the physical buttons.

In terms of power, a permanent magnet synchronous motor is loaded, with a total output of 35kW and a peak torque of 87N m.. Equipped with a single-speed gearbox for electric vehicles, the car can achieve a pure electric cruising range of up to 301km. In addition, it also supports two charging modes: fast charging can be completed within 0.58 hours, while slow charging takes about 10 hours to fully charge the battery.

Byd seagull

Friends who want to buy seagulls can wait. It is reported that 25 BYD seagulls will be listed in August. From the exposure map, the appearance of the new seagull has not changed much, and it still continues the classic design of the cash, but its tail logo "BUILD YOUR DREAMS" has been replaced by "BYD".

The upgrade of intelligent configuration is still very big. The whole system comes standard with intelligent automatic power-on and power-off function, and it is no longer equipped with card keys, which further improves the convenience of use. In addition, in the free version, the main driver’s seat electric adjustment function and the front seat heating function have been specially added. In terms of power, the new car is expected to carry a motor with a maximum power of 55kW and a maximum torque of 135N·m, and two endurance options are provided, namely 305km and 405km.

Bao jun yue ye

The sales of this car, to be honest, can’t compare with the previous ones, but why should I recommend it? That is, it is really suitable for the kind of girls who are particularly cool. Its design is completely different from the previous models. The unique headlights on the front face are matched with the narrow-banner enclosed front grille, the body lines are sharp, and the rear lights are in a ring style, which highlights the toughness and domineering.

The interior design is more mechanical, and the center console has obvious layering. It is equipped with a 10.25-inch full LCD instrument panel and central control panel, which can realize various scientific and technological functions. In terms of power, the car is equipped with a permanent magnet synchronous motor, with a maximum power of 50kW and a maximum torque of 140 N m. With an electric vehicle single-speed gearbox, it can achieve a speed of up to 100 km/h.

From the price point of view, the pricing of these six cars is within a reasonable range, and at this price, it is really good to be able to achieve value, convenience and performance. For girls who don’t pursue cars very much and just need to meet daily transportation, these cars are really suitable.

Jinhua Volvo XC90 price reduction news! The lowest price is 472,000, if you miss it, there will be no

Welcome to [Autohome Jinhua Discount Promotion Channel] to bring you the latest car market trends. At present, the high-profile luxury SUV is conducting an unprecedented promotion in our city. According to our understanding, this popular model is enjoying the highest discount of up to 174,900 yuan in Jinhua area, and the minimum selling price has been adjusted to 472,000 yuan. This undoubtedly provides an excellent opportunity for car buyers to buy. If you want to seize this rare discount opportunity, please don’t miss it. Click "Check the car price" in the quotation form, let’s explore more specific car purchase discount strategies together.

金华沃尔沃XC90降价消息!最低售价47.2万,错过就没有

As a luxury SUV, the exterior design of the Volvo XC90 is elegant and powerful. The front face features family-style Quake LED headlights, and the straight waterfall air intake grille with chrome decoration shows a strong Scandinavian design aesthetic. The body lines are smooth, showing the stability and dynamism of a luxury SUV. The overall style conveys Volvo’s consistent concept of refinement and safety, fusing power and elegance to reflect the driver’s taste and identity.

金华沃尔沃XC90降价消息!最低售价47.2万,错过就没有

[Side style] The Volvo XC90 shows its noble temperament with its exquisite body ratio. The body size of 4953mm long, 1958mm wide and 1778mm high gives it a wide body and a stable posture. The 2984mm wheelbase ensures the comfort of the interior space. At the same time, the front and rear tire specifications are 275/45 R20, which not only improves the driving stability, but also shows its elegant rim design style. The lines are smooth, showing the style of a luxury car. Every detail reflects the XC90’s persistent pursuit of quality and design.

金华沃尔沃XC90降价消息!最低售价47.2万,错过就没有

The interior design of the Volvo XC90 is elegant and detail-oriented, creating an atmosphere of luxury and comfort. The steering wheel is made of fine leather, providing a good grip and supporting manual up, down and back adjustments to ensure that the driver can find the most comfortable driving posture. The 9-inch high definition touch screen on the center console is easy to operate, integrating multimedia systems, navigation, telephone and air conditioning control functions, and automatic speech recognition system makes operation more convenient.

In the seat part, the XC90 is made of luxurious leather material to provide excellent comfort. The main and passenger seats support front and rear, backrest, high and low adjustment, and have 4-way waist support to meet the needs of different drivers. The front seat is also equipped with a heating function to bring warmth to the driver in the cold season. The driver’s seat also has a power memory function to provide personalized settings. At the same time, the rear seat supports proportional reclining, providing great flexibility for family travel or loading large items. The overall interior design reflects Volvo’s perfect combination of luxury and practicality.

金华沃尔沃XC90降价消息!最低售价47.2万,错过就没有

Based on the information provided, we can generate the following engine description for you:

The Volvo XC90 is powered by a 2.0T turbocharged engine that delivers a powerful 250 horsepower output and a maximum torque of 350 N. m. It is paired with an 8-speed automatic transmission that ensures smooth power transfer and driving experience. This engine meets performance requirements while also focusing on fuel efficiency and driving comfort.

To sum up, the Volvo XC90 won the car owners’ love for its unique design and personalized front in the evaluation. The headlight design he specifically mentioned not only attracts the wind, but also enhances the vehicle’s recognition, fully reflecting its luxurious and domineering temperament. For consumers who pursue quality and design, this is undoubtedly a car worth considering.

Wanda Film reorganization, Wang Jianlin Wang Sicong father and son cash 2.70 billion, is to collect money or cut meat?

Original title: Wanda Film reorganization, Wang Jianlin Wang Sicong father and son cash 2.70 billion, is to collect money or cut meat?

Author/Jia Yang, Chihiro

When the class A share film and television company was lamenting in the capital battle, Wanda Film, which had been suspended for nearly a year, threw out a restructuring plan – priced at 11.619 billion yuan and purchased 96.83% of Wanda Film and Television.

It seems that it is the sale of Wanda’s assets "left hand to right hand", but a discerning person can see the key to the problem at a glance: Wang Jianlin and his son have cashed out?

Entertainment CapitalAfter carefully analyzing the transaction structure, we found that the truth is not so simple.

It is not so much "cashing out" as "making a profit", and this is bound to go through a complex game of interests and multiple compromises.

In theory, Wang Jianlin and his son can indeed cash out nearly 2.70 billion yuan in the reorganization. But this is not their initiative, but triggered the relevant regulations of the Securities Supervision Commission on the short-term operation of major shareholders in the secondary market, and had to take cash. In addition, the money is not only paid in 3 years, but also stipulates strict gambling terms. Assuming that Wanda Film and Television does not complete the bet, 100 million less than the target, Wang Jianlin and his son will pay the listed company 1.30 billion…

Not only that, the price of Wanda Film and Television’s injection (about 13 times PE) is far lower than the current market price of film and television companies (24 times PE), and even lower than the valuation of the previous round of pre-IPO financing.

You know, the pre-IPO of Wanda Film and Television was still in early 2016, coinciding with the valuation peak of the film and television capital markets. Wanda’s bosses only sent a Moments, which easily raised billions of funds.

Now, film and television stocks are facing a cold winter, and Wang Jianlin’s demands are also very clear, and contradictions are divided into priority and priority. Advancing the listing of Wanda Film and Television as soon as possible is the first priority. It is necessary to reduce the valuation and obtain rapid regulatory approval, and use high cost performance to win the active endorsement of secondary market capital, so as to ensure the safety of the entire group’s funds.

After all, this is the rational and cold Wang Jianlin, not Jia Yueting who "runs blindfolded".

Wanda Film’s predecessor was the listed company Wanda Cinema (which had acquired Time Network), while Wanda Film and Television is mainly Wanda’s film and television production business, which has not been integrated into the listed company.

As early as 2016, Wanda Film and Television had a plan to inject assets into a listed company. At that time, the asset package also covered the legendary film industry that Wanda had just acquired. It was necessary to sell it to a listed company at a 37.20 billion price. But under the harsh environment of capital markets, in the end, Wanda voluntarily gave up.

This wait is two years.

This time, the injected asset package excludes the "big loss-making" Legendary Film Industry, and adds the new media Eslite (Wanda’s TV drama production asset, the production of "Breaking the Sky" is about to be broadcast).

Due to the change in assets, the transaction size has dropped significantly from the previous 37.20 billion to 11.60 billion.

In this merger, the listed company Wanda Film will purchase the equity of Wanda Film and Television shareholders through cash and issuance of new shares. After injecting Wanda Film, Wanda Film and Television made a performance commitment of 3.228 billion yuan in cumulative net profit for three years.

When the announcement came out and saw the following agreement, many people in the market tut-tut: The Wang father and son have cashed out!

Wanda Film said in the announcement that the underlying asset consideration held by Wanda Investment is 2.693 billion yuan, which is paid by Wanda Film in cash; the underlying asset consideration held by other parties is paid by non-public issuance of shares.

This Wanda investment is carried out by Wang Jianlin and Wang Sicong father and son through the shareholding, the two people together hold 100%. In theory, Wang Jianlin father and son can cash out nearly 2.70 billion yuan in the restructuring.

But in fact, taking cash may be a no-brainer.

According to Article 47 of the Securities Law, directors, supervisors, senior managers, and shareholders who hold more than 5% of the shares of a listed company shall sell their shares in the company within six months after purchase, or buy them again within six months after sale, and the proceeds therefrom shall belong to the company, and the company’s board of directors shall recover the proceeds.

What does this mean? That is to say, in secondary market stock trading, the Securities Supervision Commission does not allow major shareholders to buy and then sell, or sell and then buy within six months. This triggers the Securities Supervision Commission’s short-term trading rules.

According to the conditions in the announcement, in order to get the 2.70 billion yuan, the Wang father and son need to meet the following conditions:

First, 2.70 billion paid over three years.After the delivery, the listed company paid 1 billion yuan to Wanda Investment; after the first annual report, paid 900 million yuan; after the second annual report, paid the remaining 792,885,650 yuan transaction consideration.

Second, the cash payment transactions of Wanda Investment are tied to the gambling agreement.According to the announcement, before the payment of the second and third installments, if the performance commitment party Wanda Investment fails to complete the performance commitment and needs to compensate, Wanda Film will directly deduct the corresponding amount from the price.

Wanda Film board secretary Wang Huiwu further explained to Entertainment Capital that this compensation is not equal, but has an amplification effect. According to the amplification formula announced in the announcement, assuming that Wanda Film and Television has a difference of 100 million in 2018 to complete the bet, then Wanda Investment needs to compensate the listed company for 1 divided by 3.20 billion, and then multiplied by 12 billion.

In this process, Wanda Investment not only cannot easily cash out, but also has to bear some risks for other shareholders.

Since Wanda Film and Television has 21 shareholders in this transaction, under normal circumstances, if Wanda Film and Television does not complete the bet, each shareholder should compensate the listed company according to the proportion of equity held. However, according to the announcement, this is equivalent to Wanda Investment holding only 22% of Wanda Film and Television’s shares, but it bears 100% of the compensation liability. As long as the bet is not completed, it will be compensated by the major shareholders.

Referring to the announcement of Oceanwide Holdings in early 2016 (purchasing 6.61% of Wanda Film and Television for 1.058 billion yuan), it can be estimated that the valuation of Wanda Film and Television at that time was 16 billion. And the asset package of this acquisition added New Media Eslite (valuation 1 billion) and Mutual Love Interactive (valuation 259 million),The overall valuation has instead fallen to 12 billion.

There are old investors in the stock bar who commented that sending it to the listed company at this price is completely a loss-making deal. No wonder this time it is only buying 96.83% of the shares instead of 100%. The remaining 3.17% of shareholders may be "nail households" who feel that the price is too low and will not sell.

Wanda Film and Television’s valuation value in this transaction is 12.002 billion, the initial carrying value is 5.08 billion, and the value-added rate is 136.25%. This value-added rate is not high in the film and television industry. In terms of the review required for the acquisition of listed companies, it is about 13-15 times the level, while Wanda Film and Television is installed into Wanda Film at 13 times the valuation. After the class A share media sector fell sharply, PE still has 24 times.

It is worth noting that, in addition to Wanda Investment, the other 20 investors, the private equity investors gave up the opportunity to cash out, the most obvious reason is that the valuation is too low, and it is more cost-effective to hold the shares of listed companies to share the later rising dividends.

Huace insisted on part of Wanda Film and Television’s equity in the first quarter of 2017, and received a return of 18 million yuan according to media reports

Entertainment CapitalIt has been discussed in depth before,The capital of the film and television industry is experiencing a ebb period in the past two yearsIt is not surprising that the valuation at that time has shrunk today. The initiative to lower the valuation is also to reduce the resistance in terms of supervision and promote the injection of assets into listed companies as soon as possible.

This is not a good time to list or set an increase. The entire class A share has been in a state of trade war + tight capital panic recently, and film and television stocks are one of the most obvious sectors for capital flight.

Shenwan cultural media sector has declined by more than 20% since the beginning of the year.

Zeng Maojun, president of Wanda Film, told Entertainment Das Kapital that no one can predict the trend of the capital markets. You think it is a bad time, and some people think it may be a good time. For leading enterprises, it is always good. Because the industry is not good, it means that the industry may be reshuffled. Who is likely to concentrate better resources? It must be the leader of the industry. Just like the Baijiu industry crisis brought about by the prohibition of alcohol gave birth to the trillion-dollar market value of the leader Moutai.

Concentrating resources at industry lows is an enterprising enterprise, and injecting assets during capital lows, as mentioned above, is the financial pressure behind the enterprise. Wanda Group’s real estate business is not very smooth when it returns to class A shares and film resources are injected into listed companies. The pressure on related repurchase agreements is great.

Wanda Commercial promised in September 2016 that if it failed to list on class A shares within two years, it would buy back a total of 14.41% of its shares and pay 10% to 12% annual interest. When Wanda Group purchased Legendary Pictures in January 2016, it promised that if it failed to inject Legendary Pictures into Wanda Film’s listing within 12 months, investors would receive a 15% annual interest return. Despite changes to the follow-up agreement, pressure from investors has been ongoing.

Winning the support of investors with a restructuring plan that cuts its own meat and gives profits, and relieving the repurchase pressure, for Wanda, it is to solve the main contradiction first and then consider the secondary contradiction.

In order to ensure the fairness of the transaction, the two sides made a bet. Wanda Film and Television promised that the net profit in 2018-2020 shall not be less than 888 million, 1.069 billion and 1.271 billion. If the profit does not meet the standard, Wanda Investment will compensate the listed company according to the method agreed in the agreement.

With the profitability of Wanda Film and Television, is this bet high or low?

In 2016, Wanda Film and Television’s net profit was 364 million; in 2017, the net profit was 597 million. According to the 64% net profit growth rate in 2017, Wanda Film and Television’s net profit in 2018 can reach 979 million. What’s more, it has been disclosed in the announcement that Wanda Film and Television achieved 407 million net profit in the first quarter of 2018, and completed 45.83% of this year’s gambling commitment in just one quarter.

But it is worth noting that in the first quarter of this year’s report, Wanda Film and Television completed a total of 4.38 billion box office, and only one "Detective Chinatown 2" contributed 3.38 billion box office. In the second half of this year, or even next year and the next two years, whether it can continue to produce such a explosion is uncertain.

Wanda film and television how to complete the 3-year 3.128 billion performance bet? Zeng Maojun gave two major plans.

The first is to increase the number of movies, and to increase the non-box office revenue part of the movie revenue. In his opinion, no one can guarantee the box office of every movie, but 10 movies can have the probability of profitability, as long as the number is enough, it can spread the risk.

Secondly, it relies on TV series and games to make up for the income instability brought by film projects. This is also the reason why it is committed to loading the previously acquired company New Media Eslite into the listed company.

"The Wanda Film and Television team doesn’t do TV dramas, we do functional segmentation, and in the future TV dramas will be done by the platform of New Media Eslite. But all IP can form a linkage between movies, TV and games," Zeng Maojun said.

For example, the TV series "Breaking the Sky" produced by Wanda Film and Television has now been completed and is being posted productin. It will be broadcast on Hunan Satellite TV and Tencent platforms this year, and some profits have been locked in. At the same time, the TV series has planned a second and third season in addition to the first season, as well as movies and games with the same IP.

That is to say, in addition to getting the purchase price of the drama on the broadcast platform in advance, Wanda Film and Television will also enjoy the game sharing rights, movie box office sharing rights, derivatives sharing and many other benefits of "Fighting Sky". Even Wanda Film and Television has started planning the theme park of "Fighting Sky".

In addition to "Fighting the Sky", Zeng Maojun also revealed a series of web dramas, movies, games, and theme parks. For example, "Tang Tan" also started the development of web dramas and anime this year; "Dragon Hunting" series of games and theme parks, there will be a different form of IP project every year or two in the future.

Since Disney recently announced the acquisition of Fox, one of the reasons is to control the streaming video platform Hulu and compete with Netflix, which has surpassed Disney in market value. The threat of streaming media to traditional entertainment giants is imminent. Wanda Film and Television has also begun to explore streaming media in addition to its original business.

Zeng Maojun said that it will launch an online cinema chain and cooperate with film and television copyright holders in the mode of sharing accounts, which will be launched within this year.

Wanda’s acquisition of Legendary Pictures was seen as a landmark deal for Chinese capital to attack Hollywood.

If you count the valuation of Legendary Pictures alone, in early 2016, Wanda Group spent 3.50 billion dollars when it acquired, which was about 23 billion yuan at that time.

When Wanda Film and Television first announced the loading of a listed company in 2016, in addition to the production business of Wanda Film and Television itself, it also included the legendary film industry acquired by its Qingdao Film Investment Company and the film and television base Qingdao Movie Metropolis. The valuation at that time was 37.20 billion.

But soon after, Wang Jianlin said in an interview with the Financial Times that Wanda planned to separate Legend from its listing plans because Legend’s performance in 2016 was not satisfactory.In fact, Legendary Pictures has been acquired before two consecutive years of losses totaling 5.87 billion yuan, debt of more than 9 billion yuan.

The Sino-US co-production blockbuster "The Great Wall" released at the end of 2016 is a film jointly produced by LeTV Pictures, Legendary Pictures and Universal Pictures. It cost 150 million US dollars, and finally the world is about 1.20 billion. But neither the content nor the box office has met market expectations. Wanda’s expectations are that the global box office is 3-400 million US dollars.

The Great Wall.

After being acquired by Wanda, Legendary Pictures performed mediocre, with two consecutive CEOs leaving.

Even if it is at risk, Wanda will consider divesting Legendary. The main reason is that after the acquisition of Legendary Pictures by Wanda, the number of movies per year is relatively small, about 2-3, which is relatively risky.

For example, this year, Legendary Pictures participated in the production of "Jurassic World", and the investment accounted for 25%. Now the box office of this film has 620 million US dollars. When encountering such a hit, the performance may be very good, but when encountering a poorly performing film, the fluctuation is very large.

Zeng Maojun said that in the future, Legendary Pictures will develop independently and increase the number of movies. In addition, Legendary Pictures will also increase some TV drama business and strengthen cooperation with Time Warner and Universal Pictures.

Today’s Wanda Film is strengthening its entire layout from Wanda theaters to film and television production.Before the transaction, Wanda Film was mainly engaged in cinema investment and construction, cinema film distribution, cinema film screening and related derivative businesses, and its main business was concentrated in the downstream of the film and television industry chain.

Through this transaction, the company’s main business will expand to the investment, production and distribution of movies and TV series, as well as the distribution and operation of online games, and build "five business platforms integrating cinema end point platform, media marketing platform, film and television IP platform, online business platform, and film game interactive platform". Wanda Film can accelerate the pace of transformation into a pan-entertainment platform company.

So it seems that Wanda Film and Television’s ambitions are indeed not small.

Under the influence of the PPT project in the past two years, many companies have been afraid to release film orders during the Shanghai Film Festival. However, at Wanda Night, Wanda Film and Television announced 30 work plans in one go, including 9 domestic films, 6 co-productions, 4 animation works, and 11 TV series. For example, online dramas such as "Tang Detective" and "The Story of Kings in the Western Regions".

This year, Wanda Film and Television also launched an elite + talent training program. The first phase of screenwriter training is called the Future Master Workshop. So far, the screening training has been completed, and the contract has been signed, and the first phase of incubation has been completed. "We cooperate with industry celebrities, including well-known domestic screenwriters and Hollywood teams. We hope to train about 40 screenwriters every year in the next five years or so," Zeng Maojun said.

In addition to offline development, Wanda is also exploring online cinema business. But for the value of streaming media, Wanda Film’s perspective is still: content is king. Zeng Maojun is more optimistic about the Mango TV model. He believes that as long as there is good content, the video platform can be established in the short term. One or two variety shows will raise the market value of Mango TV to 10 billion.

This seems a bit conservative compared to Disney, which Wanda regards as a role model and rival.

A few days ago, Disney announced the acquisition of Fox. According to US media analysis, in addition to content assets, Disney has a 30% stake in Hulu in Fox’s hands, plus its own 30% stake, and can control Hulu after the merger is completed. In the major reform of the department in March this year, Disney has specially opened a department responsible for streaming media business.

But in Mr. Zeng’s view, Disney is more interested in Fox’s offline theme parks and vast IP library than Hulu. Wanda Pictures also does not want to buy BAT-owned streaming sites such as "Aiyouteng", but does its own streaming media. Zeng Maojun said that different forms of online platforms have survival space. Wanda will be different from other platforms. The main purpose is to divert traffic and divide accounts, and it will be combined with film marketing. That’s all.

Throughout last year, Wang Jianlin broke down, selling assets and reducing liabilities.

In July 2017, Wanda sold tourism and hotels to Sunac and R & F, and this agreement alone reduced debt by 44 billion yuan and recovered funds by 67 billion yuan. In Wanda Group’s 2017 work summary, Wang Jianlin revealed that assets at cost were 700 billion yuan, a decrease of 11.5% year-on-year. For this year’s plan, Wang Jianlin said that Wanda Group will use all capital means to reduce corporate liabilities, including the sale of non-core assets, equity transactions under the premise of maintaining control, and cooperative management of other people’s assets. "Wanda Group will never have any credit default in the world!"

So after entering 2018, Wanda Group continued to "sell, sell, sell". In addition to selling London and Australian hotel assets, it also transferred the equity of Wanda Commercial and Wanda Film, and introduced strategic investors respectively. While withdrawing funds, it delayed the pressure for Wanda Commercial to return to A and Wanda Film for restructuring.

With the help of this series of arm-breaking and slimming actions, Wanda has safely landed from the danger of the capital chain being questioned in the second half of last year and the dual killing of stocks and bonds. In June this year, Standard & Poor’s adjusted Wanda’s rating to stable, and Moody’s also adjusted Wanda Commercial’s rating outlook from negative to stable. Fitch confirmed Dalian Wanda Commercial Management’s BB + rating, with a stable rating outlook, and removed the negative watch list.

The cut to promote the reorganization of Wanda Film is part of Wanda Group’s overall strategy of exchanging small for big. Wang Jianlin said in Wanda Group’s 2017 work summary that this year’s goal is to promote transformation, accelerate the pace of light assets, and form a new pillar industry. The first is the film and television industry.

Wanda Film board secretary Wang Huiwu also told Entertainment Das Kapital: Wanda Group did not want to put a high valuation of things into the listed company, the bigger the industrial chain is the consideration. Wanda Group makes a lot of profits, is to make this thing, not to say how big the valuation.

For more exciting content, follow Titanium Media’s WeChat account (ID: taimeiti), or download the Titanium Media App.

Ling Du’s L-hot version is less than 150,000 yuan, breaking the "floor price" of coupe.

  SAIC Volkswagen Volkswagen brand Ling Du L 200TSI hot version is newly listed, with an official guide price of 143,900 yuan. For the first time, Ling Du L Tide Hot Edition is equipped with a 1.2T engine, which breaks the "floor price" of the personalized coupe, making the unique charm of the coupe more within reach, and comes standard with 17-inch shadow blast wheels and high-transparent large-size skylights, so that the sense of fashion and comfort can be upgraded to a higher level, and it is easy to win the hot life.

Ling Du l hot version of the new market less than 150 thousand to break the coupe "floor price" _fororder_image001

  The new power of 1.2T engine is more fuel-efficient and environmentally friendly.

Ling Du l hot version of the new market less than 150 thousand to break the coupe "floor price" _fororder_image002

  This time, Ling Du L Chaospicy Edition is equipped with a brand-new 1.2T engine, which can add No.92 gasoline just like the 1.4T engine, "eat coarse grains and not be picky about food", and its emissions are more environmentally friendly, with the comprehensive fuel consumption (WLTC) as low as 5.87L/100km, which not only inherits the brand’s sports genes and driving experience, but also brings consumers more economical choices.

Ling Du l hot version of the new market less than 150 thousand to break the coupe "floor price" _fororder_image003

  Yan value hot personality design fell in love at first sight

  The hot and spicy version of Ling Du L has maintained the hot and spicy design, and the light and transparent frameless door, sliding back streamlined roof and hatchback tailgate all show their coupe identity. The sporty super-running design front face, super-large lower grille, intelligent IQ.Light light group, perfect coupe body proportion, and 17-inch shadow blast wheels bring the amazing effect of debut in C position.

  Chaoku Space understands the pursuit of young people better.

  Ling Du L’s driving space design has met consumers’ demand for fashion sense and technology sense experience, and has been deeply recognized by the market. Therefore, the cockpit design of Ling Du L 200TSI hot version also focuses on digital technology and fashion atmosphere, and the 10.2-inch all-digital LCD instrument +10-inch multi-touch LCD central control panel forms a suspension dual screen with full sense of technology; The high-permeability large-size skylight with opening, sliding and anti-pinch functions makes the interior space brighter and the overall fashion sense jumps again.

  As a hot and spicy coupe with full personality, Ling Du L 200TSI Hot and Spicy Edition, while pursuing fuel-saving, environmental protection and fashionable design, also breaks the "floor price" of the coupe at a more affordable price. The price of 143,900 yuan makes the hot and spicy charm within reach and becomes a new engine to attract young consumers. (Photo: provided by SAIC Volkswagen)

Jackie Chan went to Japan to promote the disaster victims and will appear on the green carpet of the Tokyo Film Festival


Shoko Nakagawa, Jackie Chan


Jackie Chan 


Shoko Nakagawa

    Movie Network NewsOn October 21, "Big Brother" Jackie Chan appeared in Tokyo, Japan, to attend the Tokyo press conference of the film. Jackie Chan, who went to Japan for the first time since the March 11 earthquake, was always filled with a very friendly smile. Facing the influx of media, Jackie Chan said excitedly: "Long time no see everyone! I have always wanted to see you, but due to busy work, I didn’t come until today. I am really sorry." Jackie Chan also admitted that he was very moved by the strong spirit of the Japanese people after the earthquake, and shouted in Japanese "Japan, come on!" The audience was very moved.

    On the same day, Shoko Nakagawa, the pure actress who dubbed the Japanese version of the film, took the stage as a fan of Jackie Chan’s big brother and gave Jackie Chan a large handful of roses. Seeing her idol, Nakagawa said excitedly, "Today is the happiest day in my life! I like your works very much! You are a treasure for all of us, please be immortal!" An excited speech made Jackie Chan smile from ear to ear.

    Jackie Chan will appear on the green carpet of the 24th Tokyo International Film Festival, which opens today (October 22). The film "Xinhai Revolution" will be released nationwide on November 5, 2011.

More exciting content on the next page

Oho Ou: Idol is not a derogatory term. I can fight for the role.

Special feature of 1905 film network At the premiere of the Shanghai International Film Festival, some media asked Oho Ou, who has many fans, whether he will choose an actor or an idol for himself in the future. Looking back at Oho Ou’s "report card" in the past few years, the answer to this question may be easy to find.

According to the current criteria of "rice circle", Oho Ou, who was born in the talent show, will undoubtedly be called "idol". Time flies, the "fast men" players of that year have already embarked on different development paths. Some people have cross-border variety shows, some are still studying music, and some have even faded out of this circle.

Oho Ou also often "disappears", plunged into the crew and stayed out for several months. Fans ridicule "how people are gone" and worry that he is "exposed" too little. He appreciates everyone’s understanding, but he is not worried about himself. In his view, "idol" is by no means a derogatory term. Compared with these different identities, Oho Ou is more afraid of being "defined": "I feel that I have many faces, and I hope I can show them in different roles."

 

From the beginning to the following,, … … Oho Ou suddenly realized the fun in the performance — —After going to the character’s life, making his choices and experiencing all kinds of things, he feels that he has become "rich", which can’t be given by daily life.

Oho Ou said frankly that at the beginning of his career, he "didn’t want to know what he really wanted to do". He found a "serious thing" through acting and wanted to pursue something, which made him feel good. Although many times, no one can predict the final result of a work, Oho Ou always keeps a normal heart and even cherishes every opportunity he gets.

 

In the interview, he even told us very frankly: "Now there are fewer and fewer opportunities, and many times we have to touch them." But as long as I seize an opportunity, Oho Ou said firmly: I am willing to work hard for this role.

The following is Oho Ou’s self-report

 

After reading the script of "Desperate" in the early stage, I had an idea, hoping to have the opportunity to play a villain. Director Gan Jianyu has been grinding this script for more than three years, and director Cao Baoping has joined us. After talking, I think I can try the role of Xia Xi.

 

I quite like Xia Xi, who doesn’t talk much and is energetic. This kind of marginal figure is extreme, and his experience is much worse than ours. Sometimes actors will like roles with more space, which will make them more enjoyable.

Xixi and his brother (Xia Tao) feel like enemies with everyone in their world. We have discussed their pre-history before, which is not reflected in the script and follow-up, but we will think, why did they come to this day? What did they go through, what happened, and why did they go on such a road of no return?

 

We don’t know the real reason, just give ourselves a preset. There is a line in the play that says "Xia Tao lost a leg because of Xia Xi". For a person like Xia Xi, he can work hard for his brother. Their "abnormal" brotherhood is quite interesting.

After filming Left Ear, I think the performance is quite interesting: you have been to the character’s life, made his choices, and experienced what he experienced, which will make you feel very different. Many roles you may not experience without acting, some may be fictional, and some may be real events. Being an actor will make you feel a lot richer.

I won’t (mind joining the group to reduce exposure), but fans may mind. I belong to the type that I will devote myself to doing one thing. In fact, people have limited energy, so everything can’t be yours. If you want to do something, you must learn to give up something. I think I’m also pursuing what I want. Fortunately, I think my fans quite understand me. In fact, if you haven’t seen each other for a long time, you will feel that "how can this person be gone?" Actually, I was filming in the crew at that time.

 

I really hope to meet you more often through the role. I didn’t think about what I wanted to do before, but now I have a serious thing to pursue, which I think is also quite good.

 

From idol singers to actors, there are still doubts about me now, and I think there will still be in the future. If you question this thing, you must listen to good opinions, and you don’t have to pay attention to those who deliberately seek trouble. If you say that you are angry with this kind of thing, you may be "dead" early. It is very important to have your own pursuit and thinking. Sometimes I think some questions are correct, so I have to keep working hard.Maybe after ten years, some people will question me, but I will continue to work hard after twenty years. This is how people keep going up.

 

I think idols are not derogatory terms, but also a good existence. Someone just asked me, do you want to be defined? I said that as an actor, of course, I don’t want to be defined. I feel that I am quite multifaceted and can be shown through my role.

 

I think everyone’s opinions, whether idols, actors or singers, are ok. In fact, this is quite rich. I don’t have to compete with others for what they think, so I have to do it. I know what I am doing, what I want, and why I work hard.

Now I sometimes shoot some movies that I want to do and like. In fact, it’s not an investor, it’s just that we do something that we really like together. I hope we can be free without being bound.

 

Especially now (good projects) opportunities are getting less and less, so we should touch them all. I especially cherish every opportunity and everyone who has helped me. If one day I suddenly meet a character that I particularly like, then I can work hard for it.

Ouhao Q&A;

Of course, we also brought Oho Ou the most concerned issue of "Seagull" (fans and friends):

 

Xiao Shang Shang: Do you have any plans to make a record?

 

Oho Ou:I was planning last year, but the plan couldn’t keep up with the change. Many times, I spent several months in the crew, and half a year may have passed after another publicity. They said they haven’t sung for a long time, and I said I also hope to have a new style. New Oho Ou, new records to meet with you. But it must be done seriously. It’s the same as the state of doing nothing but filming for more than two years now. I ho pe to do it well, at least to get through myself first.

  

Xiao Shang Shang: Will you consider a more sweet love scene next?

 

Oho Ou:I made a play that was quite sweet. It was called "I don’t know what’s in my heart". I have played an easy role. Every day, I just talk about love, things at home and things at the company. You just said that many of my roles are heavy, which I think is a little easier.

Xiao Shangshang: Not a overbearing president?

 

Oho Ou:No, he may be overbearing in some ways, but he is not the president (laughs). His bullying is that if you love someone, you will be recognized for life, just you! I think it’s quite fun. You can go after it.Eat this Amway! )

 

Xiao Shang Shang: What kind of entertainment are there in private?

 

Oho Ou:Playing basketball and watching movies seems to be nothing … … Listen to the music. Because I spend a lot of time in the crew, and the crew, you know, is no different from going to work. I actually get up and work all day in the morning from nine to five, and go back to bed after filming. Usually, if I have a holiday, I will travel with my friends and buy some trendy sneakers I like. I am usually bored.

 

Xiao Shang Shang: How do you relax on the set?

Oho Ou:More boring, except filming, I just go back to sleep, occasionally watch some movies, and for a while I will let myself watch a movie every day.

Xiao Shang Shang: Listen to your description as if entering the state of the elderly in advance?

 

Oho Ou:That’s what they said about me. (who? ) I have been filming for two or three years, and I feel a little tired. Many times it’s not that you don’t want to. I also want to travel with my friends or something. But always in the process o f work, you can’t relax yourself, so I think I have to go out for a walk next.

 

Xiao Shang Shang: Did shooting so many plays make you feel more calm?

Oho Ou:I’m old.

 

Xiao Shang Shang: During the "Desperate" roadshow, you took a baby on a hot search. Do you think you are good at taking a baby?

Oho Ou:I like children very much. I like to play with children, because they are the cutest at that age, and they are innocent and have no troubles, so I like to play with children and tease them.

"Clear powder" trap! The software related to the viral spread of this service has great risks.

       CCTV News:Wechat has become the main contact method for many people. On many occasions, people have changed from leaving a phone number to adding friends. The WeChat address book is getting longer and longer, but some people in it rarely contact each other, so a service called "WeChat cleaning powder" came into being. I believe many people have received and seen this information, and even used this service. What you don’t know, however, is that this method may threaten your information security.

       Nianheng is a medical worker. One day in September this year, he suddenly received a WeChat message that surprised him.

       Nianheng: "After I opened it, I found that it was a teacher who had not contacted for a while. She sent a WeChat circle of friends, saying that she had recently used a WeChat powder cleaning service, which was very useful. There was a link at the bottom. I was also very surprised when I saw this news at that time, because I was under the impression that teachers generally did not send such news. "

one

       Nianheng sent a WeChat to the teacher to ask what happened. The other party replied that she saw a QR code of powder cleaning in a WeChat group. Considering the large number of friends in her WeChat, she really wanted to clean up her friends, so she tried.

one

       Nianheng: "At that time, after (the teacher) recognized the QR code, she sent some messages to the circle of friends without her knowing it, and also spread these messages to the group, which brought her a lot of trouble. I didn’t do anything else that afternoon, and I have been explaining that I was cheated. It was automatically sent after scanning the QR code. "

one

       During the interview, many WeChat users reported that they had received the WeChat clear powder link or QR code sent by their friends. These WeChat "clear powder" links will not only automatically send advertisements in the circle of friends, but also steal the user’s personal account information to sell for profit. Netizen Ms. Huang reflected on the consumer complaint platform "Gathering Complaints" that after using the "Clear Powder" service in May this year, she quickly discovered that there was a transaction on WeChat that she did not know, and the other party was an online game. Then she found that in this online game that she had never been exposed to, she actually had her own real-name registered account.

       Wechat "cleaning powder" is actually a big risk in controlling account security.

       So how does this so-called "cleaning powder" service operate, and what information security risks will it bring to users?

       Experts said that the principle of "cleaning powder" is to control the WeChat account to be cleaned by applying cluster control software, so that the account can automatically send messages to all its friends, and then the group control software can identify which ones are "zombie fans" and delete them according to "whether the information can be successfully sent and received". Whether it is mass messaging or group soliciting, users need to scan the QR code to authorize the provider of cleaning service to log in to the web version of WeChat. And behind this, there are huge risks.

one

       Hu Qimu, a senior researcher at the Digital Economy Think Tank: "The first one is that you authorized him, which is equivalent to him taking over your account, so that he can retrieve your personal information, including WeChat address book, chat record, and your mobile phone’s address book, chat materials, address book and some of your information, which may be leaked; Second, by taking possession of one of your accounts, he will register some other accounts to do something. If these things are illegal, it will have an impact on your personal credit information; Third, he may send some information such as fraud through your account. "

       The first case of "cleaning powder" in China was solved. Experts reminded that scanning code must be cautious.

       Recently, the Public Security Bureau of Nantong City, Jiangsu Province disclosed that they successfully detected a case of illegally obtaining computer information system data by using WeChat "cleaning powder" software in the "Clean Net 2020" special action, and all five suspects involved in the case were arrested, which is also the first case in China that illegally obtained information by using "cleaning powder" software.

       In the detection of the case, the police of the Netan detachment of Nantong Public Security Bureau in Jiangsu Province found that the illegally obtained user information around the "powder cleaning" software has formed a black industrial chain of illegal reselling.

       Cao Canhua, a policeman of Tongzhou District Public Security Bureau, Nantong City, Jiangsu Province: "After obtaining the control authority of WeChat account, the criminal suspect took the opportunity to illegally obtain the QR code information of users’ WeChat group chat, and saved these QR codes in the form of pictures on the server."

       Subsequently, the criminal suspect resold the user’s WeChat group chat QR code and other information to downstream criminal gangs such as fraud and gambling. In just three months, the criminal gang illegally obtained more than 20 million QR codes of users’ WeChat group chats, all of which were sold to fraud and gambling criminal gangs in Longyan, Fujian and other places. At the same time, it also paid attention to WeChat WeChat official account in batches, brushed reading and praised others, and made profits of more than 2 million yuan.

one

       Xu Hui, deputy head of the Netan Brigade of Tongzhou District Public Security Bureau, Nantong City, Jiangsu Province: "From illegally obtaining the relevant personal information of WeChat users to downstream advertising, marketing and other cyber crimes, the related network black ash production has formed an independent and closely coordinated industrial chain."

       At present, five suspects involved in the case have been arrested on suspicion of illegally obtaining computer information system data, and the case is being further processed. Lawyers said that "concealment, cross-regionality, and difficulty in fixing evidence materials" are the difficulties in rectifying such chaos, and these characteristics also increase the difficulty of users’ rights protection.

       Bo Meng, a lawyer of Beijing Jingshi Law Firm, said that based on the huge potential risks of "cleaning powder" software, it is not recommended to use such "services" to raise awareness of prevention and protect personal information; Don’t easily click on links and QR codes from unknown sources; When transferring money abroad, check it in advance.

       We also call on software developers to take more active supervision responsibilities and find ways to block such behaviors from the source to avoid users suffering losses.

# Emotion

In this world, love flows in people’s hearts like a winding river. Sometimes it is as calm as a mirror, and sometimes it is rough.

The abuse of heart in love may be due to mutual misunderstanding and suspicion. When two people drift away because of lack of communication, the feeling of heartache is unbearable. When one party in love is forced to leave for some reason, the heartbreaking pain is even more unacceptable.

However, in these cruel plots, the reversal of love comes quietly. At a casual moment, people who seemed indifferent suddenly showed their warmth and care, and those who had been hurt were healed by mutual understanding and embrace.

In this world full of variables, the reversal of love also makes us understand that we should cherish every time we get along with the people we love, and don’t leave regrets because of impulse or negligence. When we learn to listen attentively and feel with love, we can find our own happiness in this cruel love.

In this love story full of reversals, we not only see the joys and sorrows of love, but also see that love has become more firm and precious after the storm. It is these stories of heart abuse and reversal that let us know how to cherish and learn to be strong, and also let us find our own home in the world of love.