标签： 爱上海龙凤

A-share listed company Leo shares indirectly invested 320 million in Space X, and the funds were returned.

(Guanwang Finance Wang Muju) As an A-share listed company, Leo (002131.SZ) invested 50 million US dollars (about 320 million yuan) in Space X owned by Musk, but it was unexpectedly returned. Not only did the "dream of heaven" fail to come true, but the performance of Leo shares itself could not satisfy the shareholders: the net loss in the first three quarters was 88.5706 million yuan.

After the "embarrassing thing" that the investment was returned, Leo shares once fell to the limit on November 25. At the close, Leo shares fell 10.11% to 2.49 yuan, sealing the daily limit. This series of operations of investing in Space X not only made Leo shares receive a letter of concern from the Shenzhen Stock Exchange, but also made investors’ doubts increasingly boiling.

Screenshot of social media

After the market opened today, as of 9: 40: 18, Leo shares reported 2.44 yuan per share, which continued to fall.

A-share companies invest in Musk to build rockets, and American companies refund their faces.

According to public information, the original business of Leo shares is traditional manufacturing, covering a relatively complete industrial chain in the whole pump industry. In 2007, it was listed on the SME board of Shenzhen Stock Exchange. In 2014, Leo entered the field of digital marketing business through the acquisition of companies such as Manku Advertising, and gradually developed it into one of its main businesses.

On the morning of 25th, Leo announced that its wholly-owned subsidiary Leo Investment, as a limited partner (LP), and the investment partnership Tomales Bay Capital Anduril III, L.P. (TBCALP, located in the United States) had its capital contribution of USD 50 million returned. The reason is that TBCA GP, the general partner of the partnership, said that he could not accept Leo Investment’s continued holding of LP shares, and planned to refund the contribution of Leo Investment.

Announcement screenshot

Comprehensive public information, the whole thing is like this:

On 15th of this month, Leo signed an agreement with TBCA LP through its wholly-owned subsidiary "Leo Investment". Leo invested US$ 50 million to invest in the project with TBCA LP. The target is Space X, a well-known company engaged in rocket launch and satellite communication ("Star Chain"), and its founder is Musk.

The next day (16th), Leo Investment set aside the cash.

On November 18, Shenzhen Stock Exchange issued a letter of concern, requesting Leo to disclose the details of TBCA before November 22, including but not limited to the fund size, organizational form, capital contribution method, capital contribution progress, duration, exit mechanism, etc., and explain the specific arrangements and progress of investing in Space X.

Letter of Concern from Shenzhen Stock Exchange (partial)

However, during this time window, the secondary market has already reacted violently. On November 17th and 18th, Leo shares went up for two consecutive days, and on the 19th, its share price once reached a short-term high of 3.08 yuan per share. However, Leo shares soon announced that the other side of the ocean changed its mind: TBCA’s general partner (TBCA GP) said that they could not accept Leo’s investment to continue to hold LP shares, and planned to return the capital contribution.

Open your eyes:

The general partner (GP) has the right to manage the partnership and acts on behalf of the partnership. Limited partners (LP) contribute, while GP contributes. Everyone enjoys the investment income together. The identity of Leo shares in the cooperation is LP. To put it simply, Leo shares gave money, but TBCA GP replied: I won’t do this job, you can take the money back.

Leo shares immediately expressed opposition. On the 24th, the money was returned by TBCA.

According to the announcement, Leo shares believe that there is no legal basis for TBCA to terminate the agreement, and it will not accept the return of investment funds and the recovery of LP shares held by Leo Investment. The Company reserves all rights to safeguard the interests of the Company, including but not limited to initiating judicial proceedings.

On the 25th, Leo shares once fell, and finally closed down 10.11% to 2.49 yuan, sealing the daily limit.

Wind screenshot, the same below.

In Leo stock bar, many angry netizens gathered together and questioned its "advertising", "cheating money" and "fooling people".

Hot concepts are all in one, which was named by Shenzhen Stock Exchange twice this year.

The performance data shows that Leo shares achieved revenue of 14.4 billion yuan in the first three quarters of this year, a year-on-year increase of 35.61%; But the loss is also obvious. According to Time Finance, Leo shareholders explained that "the third quarter was mainly due to too much investment losses, which led to a decline in net profit." The person also stressed that "investment can now be regarded as our third main business."

In addition to making rockets, chips, new energy, meta-universe and other popular tracks, Leo shares are involved.

According to public information, Fujian Pingtan Liheng Investment Co., Ltd., a subsidiary of Leo Co., Ltd., signed an agreement with Shanghai Lakeside International Equity Investment Management Co., Ltd., with a capital contribution of 26.5 million yuan (accounting for 999.9623%) to set up a company, and plans to invest in a single equity project in the field of chip design and production. The target is Xima United Measurement and Control (Quanzhou) Technology Co., Ltd.

In 2016, Leo invested in Beijing Chehejia (predecessor of LI), holding 11.75% of its shares, and laid out the field of intelligent electric vehicles. LI’s subsequent popularity made Leo shares almost "famous overnight". In 2021, Leo was listed and traded in science and technology innovation board through the new scenery (688663.SH) invested by its "Pingtan Liheng" company, and laid out the high-power power electronic energy-saving control technology and its product track.

As of June 30 this year, the ending balance of other non-current financial assets of Leo shares was 7.704 billion yuan.

When the market is hot, Leo shares will almost lay out what they want, and the hand speed is fast: during the epidemic, Leo shares laid out the mask field, and it took less than half a month from preparing to set up a medical device company to formally putting the production line into production.

Because of a series of cross-border investments that can’t be played by gossip, in the eyes of many people, Leo shares have become a "hot spot professional household".

In July this year, the company said it planned to invest 100 million yuan to participate in a power battery investment fund; In the same month, the company also announced that it would spend 2 billion yuan on securities investment. This year’s hot meta-universe, Leo shares also participated in it: On November 16th, Leo shares replied to investors on the interactive platform that as early as 2020, the company began to try to apply AI artificial intelligence and AR augmented reality technology to e-commerce live broadcast, and realize the scene application of virtual anchors in multiple dimensions, including self-built virtual anchors for cultivation and marketing, and creating its own AI spokesperson. At the same time, it has also been promoting innovative marketing activities such as the endorsement of virtual idol IP, laying a solid foundation for the real arrival of the meta-universe.

Screenshot of China Economic Net page

Earned enough attention, but Leo shares have not been paid attention to by Shenzhen Stock Exchange for the first time this year.

Not long ago, on September 15th, Leo Co., Ltd. just sent a reply to the "Inquiry Letter on the Semi-annual Report of Leo Group Co., Ltd. in 2021" issued by Shenzhen Stock Exchange (Inquiry Letter [2021] No.9 of the Company Department for Semi-annual Report), explaining that its wholly-owned subsidiary Jiangsu Wansheng Advertising Media Co., Ltd. (hereinafter referred to as Wansheng Advertising) has made full provision for bad debts of its customers and there are a series of problems in the annual industrial and commercial inspection.

It is worth adding that in addition to investment, the digital marketing business of Leo shares also attracts the attention of the outside world:

In the investor relations activity on May 14th this year, some investors asked: In 2020, the company’s advertising business in ByteDance (huge engine) exceeded 7 billion yuan, up 17% year-on-year. Is there any profit output for a company with a dividend of 700 million yuan?

In response, Leo shares responded: "There is no such thing as what you said."

In August this year, Leo announced that Evergrande Real Estate had failed to pay the advertising fee as agreed in the contract and failed to pay the commercial tickets that had expired, and its subsidiaries took Evergrande Real Estate to court, applying for a total preservation amount of 356 million yuan. Leo shares may have been in the hot spot.

This article is an exclusive manuscript of Observer. It cannot be reproduced without authorization.

The first generation of Lincoln Navigators (1997-2002)

　　[Autohome car series history] As the car of the former president of the United States, the Lincoln automobile brand is naturally famous for its titles such as luxury and atmosphere. When the SUV model appeared in the United States, it immediately won the love of most people, and everyone chose this tall and practical car. As the first SUV model in the Lincoln brand, the Navigator quickly occupied half of the US full-size SUV market with many advantages such as high comfort, large interior space, strong power, and the ability to "work". When competing with another luxury car brand in the United States, Cadillac’s Escalade, the Navigator finally had a slightly better sales result. Now let’s take a look at the development history of the third generation of the Lincoln Navigator.

Lincoln’s relationship with Ford

　　As early as 1920, Lincoln brand’s first car, Model L, came out. Although this car was very advanced that year, due to the general economic recession in the country after World War I, the minimum price of Lincoln Model L was 16 times that of Ford Model T. Coupled with the long production cycle, the sales of Model L cars were very bad. In addition to monthly losses, Lincoln was also found to be in arrears in taxes. Finally, in 1921, founder Henry Leland declared Lincoln Motor Company bankrupt and auctioned it off. After the news broke, Edsel Ford, the son of Ford Motor founder Henry Ford, persuaded his father to buy Lincoln Motor Company. Later, the acquired Lincoln car was operated by Edsel.

Origin of the Navigator

　　Although the Navigator is Lincoln’s first SUV model, it is not actually a brand new model. The Lincoln Navigator is based on the Ford Expedition. The Conqueror uses a 5.4L V8 SOHC naturally aspirated gasoline engine with a maximum power of 233 horsepower. The maximum torque is 441 Nm, and it is matched with a 4-speed automatic transmission. Although the two cars are still relatively similar in appearance, the luxury temperament of the Navigator is more obvious than that of the Conqueror.

The first generation of navigators was codenamed UN173 (1997-2002).

　　The first generation of the Lincoln Navigator began production on May 14, 1997 and went on sale in August of the same year. The Navigator was the first SUV model under the Lincoln Motor brand and Lincoln’s first four-wheel drive vehicle. The first Navigator shared the platform with the Ford Conqueror at that time, but the Navigator interior was more luxurious and the configuration function was more complete. In order to meet the needs of the American people, the Navigator has a certain loading and towing capacity, and can seat up to 8 people. In the first year of sales, although the Navigator cost more than 42,000 US dollars, which was much higher than the highest price of the Ford Conqueror in the same period of time, which was about 34,000 US dollars, it still sold about 44,000 units. The competitors at that time included Cadillac Escalade, GMC’s Yukon Denali, and Lexus LX.

　　Although the Navigator is based on the Ford Conqueror, there are still obvious differences between the two cars. Compared with the Conqueror, the Navigator has a chrome-plated waterfall front air intake grille, a unique engine cover, different roof racks, and chrome door handles. Only the overall design and layout of the center console are almost the same as the Conqueror. Other details, such as solid wood decoration, interior carpets, sound insulation materials, etc., far exceed the Ford Conqueror.

　　In the late 1990s, some advanced comfort features such as automatic air conditioning, automatic headlights, and a multi-functional solid wood leather steering wheel were already equipped on the first generation of the Navigator. In addition to being synonymous with luxury and comfort, the Navigator is not just a "vase". The four-wheel drive system of the car is developed with rear drive, using Ford Motor Company’s ControlTrac four-wheel drive system. There are four options: two-wheel drive high speed, four-wheel drive high speed, four-wheel drive low speed and automatic. In order to meet the daily needs of the American people, the Navigator also has a towing capacity of 3,500 kilograms, such as horses, boats, and even RVs.

　　In terms of safety configuration, there are anti-lock brakes (ABS), front and side airbags. In other aspects, the configuration of the Navigator is still very rich, and the high-end models can also be equipped with 7 speakers and 6 discs of high-end audio, front double side airbags, garage opening function, 17-inch wheels, etc. Unlike the Conqueror, the Navigator is equipped with pneumatic suspension in order to make the Navigator have better ride comfort. However, due to its certain loading and towing capacity, the Navigator adopts the form of front independent suspension and rear non-independent suspension. In addition, some American civilian modification factories also cut the Navigator and rebuilt it to lengthen it. The modified and lengthened models are generally used in casino VIP vehicles.

　　The 1999 Navigator was equipped with an electric brake pedal and gas pedal, as well as 17-inch wheels. In the 2000 Navigator, the higher-end model added a satellite navigation system, front seat heating and ventilation, as well as reversing radar and side crash airbags. The 2001 model saw a rear entertainment system. Finally, in 2002, Lincoln began planning for the next generation of Navigator.

　　In 1999, the Navigator was replaced with a 5.4L V8 DOHC naturally aspirated engine, which increased the maximum power to 304 horsepower and the maximum torque to 481 Nm. The 100-kilometer acceleration time was increased from 11.9 seconds to 9.6 seconds, and the towing capacity was increased to 3900 kilograms.

　　In 1998, the first year that the Navigator began selling, Cadillac, a General Motors brand, deliberately fabricated sales numbers in order to compete for the annual sales championship in 1998. Cadillac advertised that it sold more than Lincoln, but after the problem was later found, Cadillac said that the internal audit showed that the December sales figures were "overestimated" by 4,773 vehicles. Finally, after the real data was revised, the total sales of Lincoln were 187,121, and Cadillac was 182,570.

　　In addition to the embarrassment of Cadillac publicly admitting its mistakes, its second-place ranking in luxury car sales has also tarnished General Motors’ image, especially when the auto industry’s sales are at an all-time high, but GM’s sales have not reached a peak.

Auto Market Express／／Tengshi Z9GT and Tengshi Z9 start pre-sale

"1039 Car World"

Beijing Traffic Radio FM103.9

Monday to Sunday

10:00 – 11:00

On August 20, 2024, Tengshi Z9GT & Tengshi Z9 officially opened pre-sale, the new car launched pure electric and plug-in hybrid version, the overall pre-sale price range is 33.98-41 9,800 yuan, of which Tengshi Z9GT is expected to be listed in late September, Z9 listed before the end of the year.

From the appearance, the Z9GT is built with a very recognizable family-style design language.The front face of the Z9GT is called the "Coronal Front Face", and officials say its design was inspired by the vitality of the sunrise.What is more iconic is that on the side, Tengshi designed a "Z" shaped decorative line for the Z9GT, which not only echoes the name of the Z9GT, but also increases the recognition of the Z9GT.The headlight group is larger in size, and the upper and lower winds are integrated light groups for far and near and daytime driving belts. The lower front bumper also adopts a three-stage sports design. In addition, the new car can be equipped with carbon fiber trims or lidars on both sides under the front bumper according to different configurations.

In terms of body size, the Z9GT has a length, width and height of 5180/1990/1500 (1480) mm, a wheelbase of 3125mm, and a curb weight of 2875kg. At the same time, the Z9GT will provide 255/45 R20, 255/40 R21, 255/40 R21, 275/40 R21 and other wheel/tire specifications for optional.

At the rear, in addition to the smooth roof line, the new car’s taillight group also adopts a design that echoes the headlights. The taillight shape is very narrow. At the same time, the lower part of the rear window is also equipped with an electric lifting tail.

In terms of interior design, TengzeThe Z9GT has a cockpit comparable to that of a D-class car. The front cabin layout is somewhat similar to that of the N7. The instrument screen, central control screen, and passenger screen are all lined up on the dashboard, and the steering wheel is basically the same as that of the N7.However, in Nakajima, the Z9GT has a new design for the position of the wireless fast charging island, gear lever, and vehicle control buttons, especially the Z9GT’s wireless fast charging island also supports takeoff and landing, which increases the overall texture of the cockpit.

The seat is wrapped in a leather soft bag and has a zero-gravity buoyancy co-pilot.Back rowSPAClass comfortable seats are useddouble layerSoft, seatMat extension designcombineCLAReel seat cushion length adjustment…At the same time,Rear ventilation,Heating and10 o’clock massage is fully functional.

The Z9GT is also equipped withDivaleAudio support for takeoff and landing.When the user gets into the car, the three Tivale speakers on the dashboard will slowly rise, giving the user a sense of ritual when entering the car.

Heating and cooling boxes are now an increasingly common configuration in cars, but unlike other models, Tengshi has two heating and cooling boxes on the Z9GT, with volumes of 4 and 10 liters. The minimum freezing temperature is -6 degrees Celsius, and the maximum insulation temperature is 50 degrees Celsius.The two cooling and heating boxes are located in the front center armrest box and the rear center, respectively, taking into account the needs of both front and rear passengers.Similar to this product definition, the Z9GT also features a vanity mirror in the front and rear rows.

In terms of power, the pure electric version of the Z9GT will adopt a front and rear three-motor layout, with a combined maximum power of 710kW (front:230kW;After:240kW × 2), with a top speed of 240km/h.The energy storage device is a lithium iron phosphate battery from Jinan Freddy;The plug-in version is equipped with a BYD479ZQA 2.0T engine with a maximum power of 152kW.With the three-motor power system, the maximum power of the front axle motor is 200kW, the maximum power of the two motors of the rear axle is 220kW, the comprehensive maximum power of the motor is 640kW, and the top speed is 230km/h.

At this press conference, Tengshi officially launched the Easy Tripartite Platform, and the world’s first ride on the Tengshi Z9GT, which will bring users a new sense of luxury in the trinity of car, body and mind with the full potential of smart electricity.Easy three-party platform realizes the integrated control of three-motor independent drive and rear-wheel dual-motor independent steering technology, and integrates the fifth-generation intelligent control technology platformDM technology, e-platform 3.0 Evo and other technical advantages…

Based on the four core technologies of three-motor independent drive technology, rear-wheel dual-motor independent steering technology, VMC vehicle motion control technology, and all-series CTB battery body integration technology, Easy Three-party Parking, Low Attachment Road Stabilization System, and Intelligent Crab Row are created.

In addition to that, Easy Three also has high-speed tire burst stability control, internal eight-braking stability, reversing stability, radar active avoidance and other highlights, which protects the safety of users in the whole scene and further enhances the flexibility of the vehicle.

In addition, Easy TripartiteThe first vehicle intelligent electric fusion end-to-end large model to create a new intelligent electric experience.The Z9GT will be the first BAS 3.0 + model of BYD Group, providing users with a safe and comfortable driving experience…

Technological innovation.With the official release of the three-party vehicle intelligent control technology platform, many "black technologies" are gaining momentumZ9GTWith Denza Z9The first ride brings a brand-new smart driving experience to users.

  1. The Union of Passengers released a report that BYD’s sales exceeded all German lines
  2. Green card Tesla Cybertruck appears on the streets
  3. The penetration rate of new energy vehicles has exceeded half, and the time has come for "oil and electricity to have the same rights"?
  4. BMW announces recall of about 1.35 million domestic and imported BMW vehicles
  5. Curve into the US market, will BYD acquire Chrysler?! The company responded
  6. 18 consecutive years of sales! The largest domestic manufacturer or owner

Zhao Liying opened for the first time 3 months after giving birth, sun-drying nail polish with cute text

1905 movie network news On June 23, Zhao Liying, who had been in hiding for three months after giving birth, opened her business through Weibo. In the photo, Zhao Liying did not appear in the photo, and put one hand on the little monkey doll to show off her newly dyed nails. Her five fingers were also painted in two colors, and the index finger was white with sequined nail polish, which was in sharp contrast with the other four-finger black and green nail polish.


Zhao Liying also wrote: "Everyone is a monkey" with a scissor-hand expression, even if it is upgraded to a hot mom, Yingbao is still playful and cute. Seeing Zhao Liying’s photo, netizens speculated that Yingbao was about to make a comeback, leaving a message saying: "My sister has applied nail polish, is it going to start business?"


It is reported that after giving birth to her child in March this year, Zhao Liying did not update her social news and did not make any public appearances, so she took care of her baby at home with peace of mind. In early June, some media photographed Zhao Liying, who was reclusive after giving birth, making her first appearance and going to an art district with Feng Shaofeng. After finishing work, Zhao Liying appeared in a package, and her husband opened the door of the car, and then left by car.


The passengers in the Didi special car actually drank urine! The driver involved has been banned by the platform

　　Xinmin Evening News (Reporter, Lu Changqing) "My colleagues and I called a Didi Li Orange special car, but I didn’t expect the drinking water provided by the driver to be urine!" The night before yesterday, Mr. Sun, who was on a business trip to Shanghai, encountered a bad thing. According to Didi’s response, the Didi driver involved has been banned by the platform.

　　According to Mr. Sun’s account, he is from Suzhou, Jiangsu. At about 8 pm the previous night, he and his colleagues, who were on a business trip to Shanghai, called a Didi Licheng special car near No. 818 Zhenbei Road in Putuo District to Lefang Exquisite Life Plaza. After getting on the bus, Mr. Sun sat in the passenger seat and felt thirsty, so he picked up the bottled drinking water on the cup seat of the central armrest of the vehicle and prepared to drink it.

　　Mr. Sun said: The Didi Licheng special car will provide passengers with special bottled drinking water. "At that time, I opened the bottle cap of bottled water and found that the bottle cap was not sealed, but loose, and it seemed that it had been unscrewed." Mr. Sun immediately asked the driver of the special car. The driver said that the bottle of water may have been unscrewed by the previous passenger, but the passenger did not drink it. Hearing the driver’s words, Mr. Sun unscrewed the bottle cap with confidence and drank the bottle of mineral water directly.

　　When Mr. Sun drank the bottle of water, he found that the water had a peculiar smell, and he immediately vomited it. After confirming that the water contained urine. Faced with Mr. Sun’s inquiry, the driver repeatedly stressed that he did not know who the urine in the bottle belonged to. When the vehicle approached the destination, Mr. Sun made representations to the driver again, and was about to call to complain, the driver became emotional, saying that he would lose his job as a result, and kept beating himself, apologizing to Mr. Sun, and proposing to use the money for private use. But Mr. Sun did not agree. He immediately complained to Didi customer service and reported the case to the police. After receiving the report, the police from the Taopu police station arrived at the scene to deal with it.

　　After the incident, Didi immediately launched an investigation. Yesterday, Didi responded: After verification, the driver in question could not find the toilet due to an emergency, so it was convenient to use a mineral water bottle and placed the bottle on the driver’s cab console, causing passengers to drink by mistake.

　　According to the reporter, yesterday afternoon, the staff of Didi company accompanied the passenger to the hospital for a physical examination. At the same time, the driver will also be arranged for a medical examination as soon as possible to determine whether the passenger has suffered health damage through medical means. The company will continue to follow up and provide passengers with the help and health protection within its capacity. At present, the hospital medical examination report has not been released, and the driver has been banned by the platform for violating Didi’s service rules.

　　As we all know, Didi is rectifying because of the Hitch incident, and now there is a "drinking urine" incident, which is so incredible and eye-popping. But what is Didi really doing behind the scenes? As long as there is an accident, the unified approach is to ban the driver. This kind of punishment that "addresses only the symptoms but not the root cause of the issue" cannot solve the actual dispute at all.

　　While Didi is rectifying safety, it is also crucial to improve the quality of drivers. No matter how Didi supplements and improves equipment monitoring, if the quality of drivers is poor, it will not work, and safety incidents will still occur. What we hope to see is a more responsible and protective reform behavior for passengers, rather than the same disregard for handling.

After Evergrande resumed trading…

Today is the first trading day of Hong Kong stocks in October. Evergrande’s two stocks resumed trading today, and China Evergrande has become the most concerned individual stock in the market.

According to the Beijing Youth Daily, as of the close, China Evergrande had a strong performance throughout the day, rising more than 40% during the session.

The biggest intraday rise fell back to about 10%, and then rose again. As of the close, it rose 28.13% to close at HK $0.41, and the turnover was HK $161 million, 73% larger than the previous trading day.

Evergrande Properties rose as much as 14%, but fell as much as 3.39% to close at HK $0.57.

Evergrande Automobile announced in the Hong Kong Stock Exchange on October 3 that at the company’s request, the company’s shares will be temporarily suspended from trading on the Hong Kong Stock Exchange at 9:00 am on September 28, 2023, pending the company’s publication of an announcement on inside information.

China Evergrande announced on the Hong Kong Stock Exchange on the evening of October 2 that the board of directors of the company believes that there is no other inside information that needs to be announced at present. The company has applied to the Stock Exchange to resume trading of the company’s shares from 9:00 am on October 3, 2023.

On the same day, Hengda Property also announced that the board of directors of the company believes that the company’s operating conditions are normal and there is no other inside information that needs to be announced. The company has applied to the Hong Kong Stock Exchange to resume trading in the company’s shares from 9:00 am on October 3, 2023.

According to previous reports, on the morning of September 28, China Evergrande, Hengda Automobile, and Hengda Property announced the suspension of trading on the Hong Kong Stock Exchange.

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

On September 24, China Evergrande Group issued an announcement on the Hong Kong Stock Exchange, containing the terms of the company’s proposed overseas workout ("Proposed Restructuring"). Each new note to be issued under the proposed restructuring shall comply with the "Pilot Measures for the Administration of Overseas Issuance of Securities and Listing of Domestic Enterprises" issued by the China Securities Regulatory Commission and the "Measures for the Administration of Examination and Registration of Medium and Long-term Foreign Debt of Enterprises" issued by the National Development and Reform Commission according to its applicable circumstances. The company must prove that it complies with the relevant provisions. In view of the ongoing investigation of Evergrande Real Estate Group Co., Ltd. (the main subsidiary of the company), the current situation of the group cannot meet the eligibility for issuance of new notes. Holders of securities of the company and potential investors should exercise caution when trading securities of the company.

On the evening of September 22, China Evergrande announced that since the announcement of the company’s planned overseas workout, the group’s sales were not as good as the company expected. Based on the company’s current situation and consultation with its advisors and creditors, the company believes it is necessary to re-examine the terms of the proposed restructuring to match the company’s objective situation and creditors’ demands.

On September 16, the WeChat official account "Shenzhen Nanshan Public Security" issued a case report saying that recently, the public security organs have taken criminal compulsory measures against Du and other suspected criminals of Evergrande Financial Wealth Management (Shenzhen) Co., Ltd. Investors who need to report the case can register the case.

China Hengda in the first half of 2023 financial data show that in terms of liabilities, as of June 30, China Hengda’s total liabilities 2.3882 trillion yuan, excluding 603.98 billion yuan of contractual liabilities is 1.78422 trillion yuan, of which 624.77 billion yuan, trade accounts payable and other payables 1.05657 trillion yuan (including 596.17 billion yuan for engineering materials payable), other liabilities 102.88 billion yuan. Borrowing is 624.77 billion yuan, compared with 612.39 billion yuan at the end of 2022, an increase of 12.38 billion yuan, and the average annual interest rate of borrowing is 7.97%, compared with 8.12% at the end of 2022.

In the first half of 2023, China Evergrande’s revenue was about 128.18 billion yuan, gross profit was about 9.80 billion yuan, gross profit margin was 7.64%, operating loss was 17.38 billion yuan during the period, non-operating loss (including litigation, land recovery, equity disposal and other losses such as asset appraisal impairment) 15.03 billion yuan, income tax expenses 6.84 billion yuan, net loss total 39.25 billion yuan. China Evergrande’s cash and cash equivalents are about 4.047 billion yuan, of which restricted cash is about 9.334 billion yuan.

Source | Observer Network Synthesis

Original title: "After Evergrande resumes trading…"

Read the original text

Behind the sales volume of 700,000, Geely China Star and China’s high-end market went in both directions.

Although sometimes we always say "don’t judge heroes by success or failure", countless facts of "success or failure" make us have to pay more attention to the winners. Especially under the stock competition, the "involution" of the automobile market is accelerating, and the automobile enterprises are also facing more complicated situations.

According to the retail sales data of the Federation, in July this year, the retail sales of the domestic narrow passenger car market reached 1.775 million, down 2.3% year-on-year and 6.3% quarter-on-quarter. From January to July, the cumulative sales volume was 11.299 million vehicles, only a slight increase of 1.9% year-on-year. Only three car companies that entered the TOP10 retail sales list of car companies in July achieved a year-on-year increase, which further highlighted the "pain" of the current auto market.

Therefore, when we saw that Geely Automobile rose against the trend, especially the performance of "China Star" series was eye-catching, we couldn’t help it. The data shows that Geely Automobile China Star High-end Series not only achieved sales of 700,000 vehicles in just a few years, but also continued to climb in the first seven months of this year. It is necessary to know that China Star’s models are all in the most competitive market in the domestic automobile industry at present, and they are also the "hinterland" of old joint venture brands. Under such "encirclement and suppression", China Star can still achieve such good results, and there must be something extraordinary about it.

Sales performance is only external performance, and excellent product strength is the fundamental reason.

The data can speak: According to the official sales volume of Geely Automobile, in July this year, the sales volume of passenger cars was 138,135, a year-on-year increase of 13%, and it has maintained a year-on-year and quarter-on-quarter growth for six consecutive months; China Star’s high-end series sold 29,696 vehicles, up about 9% from the previous month and over 15% year-on-year. Among them, Xingyue L, one of the flagships of China Xingshuang, reached a record high of 15,666 vehicles in July, with a year-on-year increase of over 24%. At present, the cumulative sales volume exceeds 270,000 vehicles; Since the launch of another 1.5TD model, the overall competitiveness of Xingrui has been further strengthened, which has rapidly boosted sales. In July, sales exceeded 10,204 units in Wanda, and the cumulative total sales exceeded 320,000 units.

Judging from the above data, the sales situation of China Star is good this year. Further analysis shows that the cumulative sales volume of China Star has exceeded 700,000, and it is accelerating at a high base. Taking Xingyue L as an example, the sales volume of new cars is 6000+ and the orders are 30,000+in 10 days, and the average monthly sales volume is over 10,000. In the past two months, it has repeatedly hit record highs, and it is still full of stamina after two years of listing; The same is true for Xingrui. It takes 30+ days from 0 to 10,000 vehicles, and 100+ days from 10,000 to 50,000 vehicles. After 10 months of listing, the sales volume quickly exceeded 100,000 vehicles, and after two and a half years of listing, it quickly exceeded 320,000 vehicles, with the highest market share in a single month of 3.21%. These two cars can be said to have their own traffic genes since they were born, and their debut is the representative of the peak.

From the perspective of market segments, Xingrui entered the hinterland of the sedan market with the price of 100,000-150,000, which was the most competitive and was almost monopolized by joint venture brands in the past. Now, although the "halo" of joint venture brands has weakened, their combat effectiveness is still very impressive. And Xingrui has made great strides all the way, entered the head competition, and constantly set a new record for China sedan with high-value products, becoming a new choice for sedan that can keep pace with mainstream joint ventures and even catch up with joint ventures. How difficult is it? Just think about it.

As for Xingyue L, it is also a masterpiece of hard-core joint venture, and it has entered a battleground for military strategists in the 150,000-200,000-class SUV market. In this already fierce market segment, Xingyue L not only has record sales, but also the average transaction price of all models is as high as 170,000. Facing the joint venture rivals such as CR-V, RAV4 and Tiguan L, it also won recognition with high value and high quality, and became the king of hard-core SUV of 200,000-class.

The models that can stand out in the current market environment must have the hard-core product power to kill the enemy. Two models based on CMA architecture were endowed with "high-value" genes from the very beginning and became the spokespersons of "high-value China cars". Take Xingrui as an example, its 1869mm ultra-wide body +2800mm ultra-long wheelbase, BOSE advanced audio, top-class car fragrance system, dual 12.3-inch high-definition LCD screen +7.5-inch full-color HUD head-up display, as well as the latest Galaxy OS system, a new generation of E02 high-performance chips, etc., not only meet the needs of users’ sense of technology and grade, but also bring users a smooth and easy-to-use intelligent car experience.

Xingyue L, on the other hand, also has the full range of Drive-E 2.0TD power, 100-kilometer acceleration of 7.5s, Aisin imported 8AT gearbox, 100-kilometer fuel consumption of 6.9L, Borg Warner’s sixth-generation four-wheel drive system, as well as AR-HUD enhanced head-up display, Geely Galaxy OS, HWA high-speed driving assistance system and other rich functional configurations, achieving high value that rivals at the same level can’t match. We can see from the inside that why China Star has established a joint venture? How can it stand out in the "hot water" fuel vehicle market? You can find clues from the above points.

Breaking records is not the goal, but enhancing brand influence is the ultimate goal.

At present, China Star has become a masterpiece of Geely’s brand, and it can be regarded as a successful model. In fact, we know that there have been various cases in the high-end breakthrough of China brand, but there are not many real successes; In such a short period of time, the cumulative sales volume of China Star exceeded 700,000 vehicles, and cars and SUVs went hand in hand, realizing the transformation from phenomenal explosion models to classic models, achieving joint venture and killing, and gaining widespread recognition from consumers. Such a situation is rare. Driven by China Star, Geely has achieved the goal of brand promotion, while the high-end strategy is getting better and better.

The high-end image of China Star has brought direct brand premium to Geely and achieved its own market performance. However, high-end is not far from the masses, but should be closer to users, so that more consumers can get a higher-level value experience. For example, in the two years since the birth of China Star, there have been many examples of co-creation with users, such as joining hands with Long Zijia, a cutting-edge jewelry designer, to create the "China Star" ×CIGALONG co-branded limited jewelry "Xingmang", and to interpret the new height of rims; Join the trend fitness brand "Super Orangutan" to jointly create a "Super Player Fitness Party" and launch a series of exclusive private education courses; Jointly with Sanxingdui Museum, a joint-name model of Xingrui Space-Time Edition was launched; The launch of Xingrui only this turquoise version, etc., played a new height for users and successfully approached users.

As the saying goes: the moon comes first by being close to the water. Only by interacting with users can users fully understand that the original intention of high-end is not to be above the top, but to give users a better product experience. As the most direct bridge between brands and users, products are good or bad, which determines the final result of brand development. Only by going deep into users can we deeply understand and actively respond to users’ actual needs, and effectively avoid the embarrassment of "applauding without making a seat". From this perspective, China Star has obviously found its own doorway.

Since the listing of China Star Series, by creating an all-round and ecological "star" experience, cars are no longer cold vehicles, but travel partners who can resonate emotionally; At the same time, in line with the original intention of "fighting for the value of China automobile", China Star took the lead in adopting the strategy of "popularizing high-end products", successfully broke the inherent pattern and brand barriers of joint venture brands, led China brand cars to transform from price advantage to value advantage, gradually grasped the right to speak in China automobile market, and showed the quality and self-confidence of China automobile to the world.

China Star played an important role in helping Geely go to its own sea of stars.

Undoubtedly, the automobile development in the new era is facing all kinds of tests, but no matter how complicated and fierce the competition is, the foundation of constant change is the high-value experience brought by advanced technical strength.

Obviously, the core technology of China Star is its "high value" code. Fundamentally speaking, China Star has CMA, the world’s leading car-making architecture, which can cover the development needs of different models from A-class to B-class, and build a world-class good car.

In terms of intelligence, Geely has already made a forward-looking layout in the fields of low-orbit synchronous satellite, V2X vehicle-road coordination, high-level autonomous driving and so on, and gradually applied it to many models such as China Star, and took the lead in making smart travel in the era of 5G smart travel. Under the guidance of "Blue Geely Action Plan", GHS2．0 intelligent hybrid system, which leads the world in intelligent energy saving and new energy technology, has also been put on China Satellite for the first time.

Technology is the "foundation" of the automobile industry, and technology can only be verified by products. On the Geely China Star model, there is the most genuine technology of Geely, which is also the true embodiment of "high value", and it is also related to the future development of Geely brand. Now these have been verified on China Star products, and Geely’s upward road is stable.

Write at the end:

Why did Geely China Star stand firm with the joint venture brand in the most competitive market segment, and made quite eye-catching achievements against the trend? There is no other reason than its outstanding performance in product strength and marketing service, which shows us the rising road of Geely brand and even China brand, and also verifies its own uniqueness. We believe that China Star will show better achievements in the market in the future, which will contribute to the upward development of Geely brand. We will wait and see.

(This article was originally produced by the editorial department of [Car Industry] New Media, and the author of this article is Wei Wuxian. Please indicate the source when reprinting.)

＂Beautiful Compassion Paradise＂ parachuted into Wuhan from March 15 to March 17, and toured for a limited time to interpret the new fashion of a better life.

From March 15th to March 17th, "Beautiful Compassion Paradise" will arrive at JD.COM MALL for a three-day limited exhibition tour. The tour takes users close to the beautiful new scientific and technological products with creative forms such as spring amusement, fun entertainment, punching in stamps and locking fresh and delicious food.

Midea adheres to the brand concept of "linking the true feelings between brands and users" and conveying "putting people’s feelings before technology", and always puts users’ needs first. The exhibition tour of "Beautiful Compassion Paradise" will create an immersive "human-feeling technology" new home for the public, and give consumers the emotional added value of a better life and new fashion, so as to strengthen the brand.

The "Beautiful Compassion Paradise" tour will embrace users with beautiful shapes, easy-to-use functions and fun interaction, so that they will glow with new vitality. This activity cooperated with Manchester City Club to create a super-large proportion of Manchester City stars, and Harland, De Braune and Forden "appeared" in the exhibition. Eight interesting themes were set up on the spot, limiting good things and delicious food, adding blue pie and limiting empathy concerts.

Feeling and green are the development direction of the smart home industry in the future. As the world’s leading household appliance brand, "Beautiful Compassion Paradise" brings a series of intelligent technology products with high temperature, and as a companion of the public emotional relationship, it satisfies people’s deeper feelings and needs, and constantly rejuvenates and grows in the expression of "Feel you in your way, we feel the same way with you".

The scope of protection has been greatly expanded! The new adjustment of this wildlife list was announced.

　　The reporter learned from National Forestry and Grassland Administration today (30th) that the newly adjusted List of Terrestrial Wild Animals with Important Ecological, Scientific and Social Values was published.

　　The newly adjusted "Three Owns List" contains 1924 species of wild animals, including 91 species of mammals, 1028 species of birds, 450 species of reptiles, 253 species of amphibians, 96 species of insects, 2 species of arachnids and 4 species of oligochaeta. Compared with the original catalogue published for the first time in 2000, more than 700 species of wild animals have been added while basically retaining the original species, thus greatly expanding the scope of wildlife protection.

　　On the basis of scientific evaluation of the ecological, scientific and social values of terrestrial wildlife species, this list adjustment fully considers many factors such as population dynamics, threats, social concerns, etc., with the basic principles of adhering to ecological priority, maintaining scientific research needs and benefiting social development as the adjustment, and doing everything possible to protect vertebrates; For invertebrates, because of their wide variety and huge quantity, they are really necessary and conform to the basic principles of adjustment. This directory adjustment will effectively promote the improvement of protection and management capabilities, the protection and improvement of natural ecology, the level of wildlife scientific research and the public awareness of protection.

　　China is rich in wildlife species, with 8,197 species of vertebrates alone, making it one of the countries with the largest number of wildlife species in the world. (CCTV reporter Shi Yuyu)

Many provinces started the recruitment of civil servants in 2017, and some areas set up disabled posts.

　　BEIJING, Beijing, March 8 (Reporter Qi Feng) Recently, many provinces started the recruitment of the "provincial examination" for civil servants in 2017. This year, the recruitment policy of civil servants in various places continued to increase the inclination to the grassroots, and Jiangsu, Zhejiang and other provinces also set up special positions to recruit students for the disabled.

　　Many places have started this year’s "provincial examination" recruitment of civil servants

　　Today, the registration of civil servants for the 2017 exam in Fujian Province was officially launched. The registration time is from 8: 00 today to 17: 00 on the 14th.

　　Since November last year, the recruitment of provincial civil servants in 2017 has started one after another. The 2017 civil servant recruitment in Beijing and Shanghai has been written at the end of last year, and the "provincial examination" written test in Jiangsu will also be held on the 11th of this month.

　　In addition, according to the statistics of reporters from Zhongxin. com, since the beginning of this year, six provinces including Guangdong, Jilin, Heilongjiang, Guizhou, Zhejiang and Fujian have also released the 2017 civil service recruitment announcement. It is also reported that in 2017, Shandong has also made it clear that the civil service recruitment announcement will be released in the middle and late March.

　　Compared with previous years, what changes have taken place in the recruitment scale of "provincial examination" for civil servants this year? Observing the recruitment plans announced by various places, the recruitment scale of civil servants in Shanghai and Jilin this year is basically the same as last year, while the recruitment scale of civil servants in Beijing, Zhejiang, Guangdong and Guizhou this year has declined compared with last year.

　　For example, last year, the number of civil servants recruited in Guangdong was 17,412, and this year’s recruitment plan dropped to 15,018; Last year, the number of civil servants recruited in Zhejiang reached 8409, but this year it dropped to 6466. For another example, in the recruitment of civil servants in Beijing in 2016, the total number of recruits reached 6,857, the highest in history. This year, the recruitment scale of civil servants in Beijing dropped to 5,022.

　　However, some provinces have greatly increased the recruitment scale of civil servants this year. For example, Heilongjiang recruited 8,831 civil servants this year, an increase of 2,687 over last year, with an increase of 43.7%. According to the statistics provided by Huatu Education, the recruitment scale of civil servants in Heilongjiang this year has set a new high in the province in the past five years.

　　Observing the announced announcement of "provincial examination" for civil servants, the recruitment policies of some provinces this year deserve attention. For example, just as the national examination recruitment policy in recent years has tilted to the grassroots level, the recruitment policy of "provincial examination" issued by various places has also tilted to the grassroots level.

　　For example, in 2017, the recruitment of civil servants in Guizhou Province continued to implement the "two 80%" policy, and 84% of the province’s recruitment plan was arranged in towns and villages, dispatched institutions and grassroots front lines (including Selected Graduates). Guizhou also stipulates that organs and agencies in counties and towns (except towns, offices and agencies where the county seat is located) in concentrated contiguous areas with extreme poverty can recruit graduates from high schools and secondary vocational schools (technical secondary schools).

　　This year, Zhejiang’s civil servant recruitment plan includes 350 village officials from Selected Graduates. According to reports, Li Zezhou, deputy director of the Civil Service Management Office of the Organization Department of Zhejiang Provincial Committee, said, "The purpose of recruiting 350 Selected Graduates village officials is to let more people go to the grassroots to exercise and serve the front-line people."

　　Li Zezhou said that this year’s recruitment will pay more attention to grassroots orientation, demand orientation and problem orientation, and at the same time, try to select comrades who know the grassroots, are familiar with the grassroots, and master the mass language and mass work methods to work in institutions above the city level.

　　In addition, some provinces have specially expanded the positions for the disabled in this year’s civil service recruitment. For example, this year, Zhejiang increased the recruitment of civil servants with disabilities, with 22 positions for civil servants with disabilities.

　　Jiangsu recruited the disabled for the first time this year, and the competent authorities specially prepared 29 job plans, which were directed to the disabled persons with disability cards and meeting the job requirements, including the relevant departments of the Disabled Persons’ Federation, the Nanjing Economic and Information Committee, Jiangyin Municipal Market Supervision Administration and other government departments.

　　Among the above-mentioned provinces that have announced the recruitment notice and have not yet taken the examination, the written examination of the "Provincial Examination" for civil servants in Jiangsu Province will be held on the 11th of this month, and on April 8th, Guangdong Province will hold this year’s written examination of the "Provincial Examination" for civil servants.

　　In addition to the above two provinces, the written test time of "Provincial Examination" in six provinces including Zhejiang, Guizhou, Jilin, Heilongjiang, Shandong and Fujian is scheduled to be held on April 22nd.

　　In recent years, many places have arranged the written examination of "provincial examination" for civil servants on the same day, which is also called "civil servant joint examination" among candidates.

　　Li Manqing, an expert in the public examination of Huatu Education, told the reporter of Zhongxin.com that the "joint examination" for the recruitment of civil servants in many provinces began in 2009, and on April 26th of that year, seven provinces held the recruitment examination for civil servants on the same day. Since then, it has become a practice among some provinces to hold civil service examinations on the same day in the middle and late April of each year. On April 23 last year, the written examination of public subjects of "Provincial Examination" in more than 20 provinces was held on the same day.

　　Li Manqing introduced that all the provinces participating in the "Joint Entrance Examination" are organized separately, and the "Joint Entrance Examination" is not the same volume. In the past, some candidates took exams across many provinces, and if they were hired by many places, they could only choose one position, which had an impact on the recruitment of other positions. Many provinces choose the written test on the same day, which helps to avoid the disadvantages of candidates taking advantage of the test time difference to travel around the provinces frequently to take the test. (End)