China Fund News, Chenxi

On Friday evening, Hengda had another big news!

The first is that China Evergrande announced on the Hong Kong Stock Exchange that it has fulfilled various resumption guidelines, including the publication of all unpublished financial results required by the listing rules and the resolution of any audit qualified opinions. The company has applied to the Stock Exchange to resume trading in the company’s shares from 9:00 am on August 28, 2023.

Before China Evergrande, Hengda Automobile and Hengda Property have resumed trading successively. Hengda Automobile resumed trading by nearly 70% on the day, and Hengda Property resumed trading by nearly 50%. Before the suspension, China Evergrande’s share price had fallen to HK $1.65 per share, with a total market value of 21.80 billion Hong Kong dollars. The performance of China Evergrande’s share price next Monday will attract great attention from the market.

In addition, tonight Hengda Automobile also announced the performance of the first half of 2023: the first half of the group’s revenue was 155 million yuan, net loss 6.873 billion yuan, a year-on-year loss of 48.6%. As of June 30, the company’s net debt fell to 32.84 billion yuan.

So here it is.

China Evergrande officially announced the resumption of trading

Trading will resume next Monday

After Hengda Property and Hengda Automobile, China Hengda will finally resume trading.

On the evening of August 25, China Evergrande announced on the Hong Kong Stock Exchange that the company has fulfilled various resumption guidelines and has applied to the Stock Exchange to resume trading of the company’s shares from 9:00 am on August 28, 2023.

In order to resume trading, China Evergrande issued a one-time reissue of its financial results for 2021, the first half of 2022 and the full year of 2022 on July 17.

Among them, in 2021, China Evergrande’s annual revenue was 2500.1 billion yuan, with a net loss of 686.22 billion yuan. In 2022, the loss was reduced. The revenue recorded in that year was 2300.7 billion yuan, and the net loss was 125.81 billion yuan. That is, China Evergrande’s total net loss for two years reached 812 billion yuan. In terms of liabilities, as of the end of 2022, China Evergrande’s total liabilities were 2.43741 trillion yuan, and 1.71639 trillion yuan after excluding 721.02 billion yuan of contractual liabilities.

In January this year, China Evergrande replaced its auditor: PricewaterhouseCoopers (PricewaterhouseCoopers) resigned and appointed Shanghai Parkson PricewaterhouseCoopers Co., Ltd. as the new auditor. In the resumption guidelines, the new auditor gave solutions/solutions to all 9 matters raised by the predecessor. The board of directors of China Evergrande believes that the matters raised by Luo PricewaterhouseCoopers in his resignation letter have been fully resolved and believes that the company has fully fulfilled the resumption guidelines.

In addition, regarding the situation that Hengda’s 13.40 billion yuan pledge guarantee was enforced by the relevant banks, China Evergrande gave further investigation results: among the directors during the relevant period, Xu Jiayin, Xia Haijun and Pan Darong were able to contact and hold relevant documents. Some documents related to the pledge guarantee arrangement were signed by Xu Jiayin, but Xu Jiayin said that the signing was only a process and denied any knowledge of the pledge guarantee arrangement.

In July last year, China Hengda had announced that due to Hengda property 13.40 billion yuan deposit pledge was the relevant bank enforcement matters, the company’s executive director and chief executive officer Xia Haijun, executive director and chief financial officer Pan Darong, subsidiary Hengda Group Co., Ltd. executive president Ke Peng, has been asked to resign the relevant positions.

According to the independent investigation results, both Xia Haijun and Ke Peng have left, and Pan Darong has been transferred to a company under Evergrande as an ordinary employee. Therefore, the board of directors believes that there are no regulatory concerns about the integrity of the company’s management and has fulfilled the requirements of the resumption of trading guidelines.

732 construction projects resumed

Total assets 1.74 trillion yuan

In order to demonstrate that the company has sufficient business operations, China Evergrande has also released a number of business data.

China Evergrande said that the company takes stable operation and risk as the first priority, and actively promotes the work of the protection building with the greatest strength. It has obtained the understanding and support of various parties, including local governments, upstream and downstream enterprises, owners, etc., and has realized the full resumption of 732 protection building projects. A total of 301,000 sets of buildings will be handed over in 2022. The cultural tourism project on Haihua Island in Hainan, China has been operating steadily and has received more than 7.60 million tourists.

As of June 30, 2023, China Evergrande Group has a land bank of 190 million square meters. In addition, the Group is also involved in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.

China Evergrande said that the company’s current sources of Working Funds are mainly rescue fund loans provided by local governments, project disposal income, existing regulatory funds and daily operating sales income. In the first half of 2023, the group realized the contract sales amount of RMB 33.413 billion yuan, the contract sales area was 5.115 million square meters, and the cumulative sales refund in the first half of the year was RMB 27.10 billion yuan.

As of June 30, 2023, the total assets of China Evergrande Group were approximately 1.743997 trillion yuan. The board of directors believes that the group has sufficient business operations and has assets of sufficient value to support operations.

It has been 17 months since China Evergrande suspended trading on the morning of March 21, 2022. According to the "18-month delisting" system arrangement of the Hong Kong Stock Exchange, China Evergrande applied to resume trading in time at the deadline, ushering in a turnaround. After China Evergrande resumes trading, China Evergrande, Evergrande Property and Evergrande Automobile, the three listed companies of Evergrande, will fully resume trading.

The resumption of trading is not easy, and the share price is even more worrying. Before the suspension, China Evergrande’s share price had fallen to 1.65 Hong Kong dollars per share, and the total market value was 21.80 billion Hong Kong dollars. The performance of China Evergrande’s share price next Monday will attract great attention from the market.

In contrast, Hengda Motor resumed trading on July 28, the day plummeted nearly 70%. Hengda Property resumed trading on August 3, the day fell nearly 50%, the continuous decline has been reduced to penny stock, the latest total market value 7.50 billion Hong Kong dollars.

Hengda Automobile reduced losses by 48.6% in the first half of the year.

Net debt fell to 32.80 billion

On August 25, Hengda Automobile announced in the Hong Kong Stock Exchange that the group’s revenue in the first half of the year was 155 million yuan, and the net loss was 6.873 billion yuan, a year-on-year reduction of 48.6%.

In the 6.87 billion loss, Hengda Automobile said that the discontinued business (i.e. divested real estate projects) held for sale lost 1.061 billion yuan, non-operating losses such as asset disposal and asset impairment 3.716 billion yuan, and operating losses 2.096 billion yuan.

The announcement shows that the Group’s discontinued business (i.e. divestment of real estate projects) held for sale was completed on May 12, resulting in a decrease of 43.139 billion yuan in net liabilities in the financial statements. As of June 30, the company’s net liabilities fell to 32.84 billion yuan.

The announcement shows that for the six months ended June 30, 2023 (the reporting period), Evergrande continued to focus on the high-quality production and delivery of the Hengchi 5, improving and streamlining the production management system. Of all the pre-orders for the Hengchi 5, more than 760 units were delivered during the reporting period. In terms of research and development results, Evergrande has applied for 3,512 patents in similar research fields worldwide, of which 2,715 have been granted patents.

Evergrande Motor said that it will fully promote the mass production and delivery of Hengchi 5 in the future. The Group will continue to lay a solid foundation for research and development. While accelerating the research and development of core technologies to lead the research and development of smart electric vehicle technology, it will continue to focus on the research and development of new models. Evergrande Motor will strive to improve the manufacturing level of the Tianjin manufacturing base, improve the quality system, and ensure high-quality production and delivery. In terms of sales, it will further expand sales channels, create overseas markets, and continue to improve sales and after-sales services.

Prior to this, on the evening of August 14th, Hengda Automobile announced that it had received the first strategic investment of US $500 million from the US-listed company Newton Group (NWTN), which is held by the UAE sovereign fund, and another 600 million RMB transition funds will arrive one after another within 5 working days after the announcement. All the war investment funds will be used for Hengda Automobile’s Tianjin factory to ensure the normal production of Hengchi 5 and the mass production of Hengchi 6 and 7.

On August 25, Hengda Motor closed at HK $1.29/share, down 3.01% on the day, and the total market value 14 billion HK $.

Editor: Joey

Review: Wood Fish

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Original title: "Sudden! Evergrande Late Night Announcement"

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Extension project of water plank road. Image source: Guangzhou Daily

　　Qingyuan Beijiang Nan ‘an Park finally realized the connection with Riverside Park. It is reported that the water plank road expansion project from Qixinggang to Jiangbin Park was successfully completed and opened, and a "cool" bidao was added in Qingcheng District.

　　After more than four months of hard construction, the expansion project of Bi Road connecting Nan ‘an Park and Lilac Garden plank road has finally been put into use. It is reported that the wading projects of the project are all arranged along the river. Among them, the water plank road project adopts high-piled beam-slab structure, with a length of 214.1 meters and a width of 4.5 meters, and the maximum distance offshore is 33 meters. The water plank road will connect Beijiangbi Road for 15 kilometers, making it the longest river-view riding landscape in the province.

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# Tell the truth # China history: a long and rich cultural heritage.

China, a country with a long history of 5,000 years, is famous for its profound cultural and historical heritage. From ancient Oracle Bone Inscriptions and bronzes, to a hundred schools of thought contending during the Spring and Autumn Period and the Warring States Period, and then to Qin Shihuang’s unification of the six countries, the history of China is like a colorful picture, showing the wisdom, courage and determination of the people of China.

In ancient times, China was famous for its prosperous commerce, agriculture and handicrafts. Oracle Bone Inscriptions and bronzes in Shang Dynasty, as well as a hundred schools of thought contended during the Spring and Autumn Period and the Warring States Period, are all bright pearls in the history of China. These achievements of civilization not only have a far-reaching impact on China, but also have made important contributions to the development of world civilization.

After Qin Shihuang unified the six countries, the history of China entered a feudal society. During this period, China’s politics, economy, culture and science and technology have made great progress. Great projects such as the Great Wall, the Grand Canal and the Terracotta Warriors were all initiated by Qin Shihuang, which fully demonstrated the diligence and wisdom of the people of China.

The Tang and Song Dynasties was another peak in the history of China. The prosperity and cultural prosperity of the Tang Dynasty, and the development of science, technology and commerce in the Song Dynasty have all contributed a lot to the history of China. Poetry of Tang and Song Dynasties is a cultural treasure of this period, and it is still praised by people.

After entering modern times, China experienced many wars and turbulence. However, the people of China have never given up their pursuit of a better life. In the War of Resistance against Japan, the people of China resisted the Japanese invaders and defended their homeland with perseverance. After the founding of New China, China began the road of reconstruction and development. Today, China has become the second largest economy in the world, and people’s living standards have been greatly improved.

Looking back at the history of China, we can’t help being proud of the wisdom, courage and determination of the people of China. The long and rich history of China is not only reflected in the ancient civilization heritage, but also in the tenacious resistance and unremitting efforts of the people of China in various periods.

Looking ahead, we believe that China will continue to maintain its historical and cultural heritage and innovation. In the new era, the people of China will continue to carry forward their fine traditions and spiritual qualities and work hard to realize the Chinese dream of the great rejuvenation of the Chinese nation.

To sum up, the history of China is a great epic full of wisdom, courage and determination. It is not only the precious wealth of China people, but also the common heritage of all mankind. Through in-depth study and understanding of the history of China, we can better understand the spiritual world and values of the people of China, and at the same time, we can better appreciate and inherit this great cultural heritage.

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The 2021 China International Services Trade Fair ("Service Association") is about to be launched. Beijing Global Studio, Beijing Global Studio, will be unveiled in the Beijing sub -center.

According to reports, after the official launch, Kung Fu Panda, the "top flow" of the global studio, and so on. It will also come to the scene and the audience in advance.

Beijing Universal Studios is located in Tongzhou District, Beijing. In the 20 years of construction, 7 years of construction, this year, after the opening, "double", today, I finally started trial. It will be officially opened on September 20.

As the world’s largest global studio, what is mysterious here? Shanghai Securities Journalists take you to explore.

Harry Potter, Xiaoyang and other top traffic collection

VR dazzling technology immersion experience

A reporter from Shanghai Securities and Magazine came to Beijing Global Resort in Tongzhou District, Beijing, early.

It is very convenient to take the subway. Both Beijing Metro Batong and Line 7 are global resorts. The volume of the station is equivalent to three times the total railway station. There are 4 safety entrances 82.

From the subway, the west side of the station is the urban avenue, restaurant and theme store of the global resort, about 700 meters again. You can reach the resort.

Global studios have the magic world of Harry Potter, Kung Fu Panda Glass, Xiaoyang Paradise, Transformers, Jurassic World Nubra Island, Hollywood Avenue, Future Water World, and so on. 7.

In the park, first of all, this is a milestone building in Hollywood. On Hollywood Avenue, you can play a monster, Maryline Monroe, and take a group with them. In a film -specific product factory, you can experience the effect of photoelectric mixed. Experience the entire movie production process.

Hollywood Avenue is not far from the right. It is currently the largest little yellow garden in the world. Visitors can enter Super Mengle Island on a huge pier. Experience the stimulus of the roller coaster, or sit at a bird’s -eye view of the Menci Rose Vortex 360 ° Island.

In Nubra, Jurassic World, experience the "Jurassic World Adventure", adopt a complete terrain luxury automatic system (Atlas) into the wilderness of Nubra Island and meet dinosaurs.

"Global resort is full of technology. Many projects are real scenes and 3D virtual scenes. Visual art enjoyment is very good." Tourists told reporters.

In the "Future Water World" theme scenic spots, the feeling of immersion continues various details. Even a hair dryer can be heard in the bathroom. It is shocking to accelerate the technology of water gasoline, accelerate, and bullets. Until the plane crashed & hellip; & hellip; various stunt performances made tourists scream again, it seemed to be in a wonderful "water war".

The largest and most exciting roller coaster in the park- "DABA Tiger Roller Trolley", 4. Within 5 seconds, it can be accelerated from a static state to 104 kilometers.

Except for playing, I can’t eat, drink, drink and various products! There are 80 restaurants and 30 retail stores. Ice cream from Xiaohuang people and other themes, butter beer to signature & hellip; & hellip; various novels diet, of course, the price is also "unforgettable"!

The fare has not yet been announced

Beijing or enter the Mid -Autumn Festival domestic tourism is the hottest

Beijing Global Studio fare? The recent testing and test operation tests have been fired thousands of yuan. But the official fare has not been announced.

Compared with Shanghai Disneyland, before, he had just issued a ticket adjustment plan: starting from January 9th, 2022, the conventional daily ticket adjustment was 435 yuan, the special agreement was 545 yuan, the peak day was 659 yuan, and the special peak day was 769 yuan.

After the official opening on September 20, the theme park of Beijing Global Studio needs to enter the ticket. In Beijing Global City Avenue, tourists can go to the case without buying tickets. Adjustment.

The time to open the global resort is a coincidence in the Mid -Autumn Festival. Where to analyze the main data research institute, the Mid -Autumn Festival has always been the off -season of long -distance travel. Especially in Beijing, in the Mid -Autumn Festival, there is usually a scene of "going out" instead of "entering Beijing". As the Global Resort was officially announced in the Mid -Autumn Festival, Beijing is expected to be the most popular destination of the Mid -Autumn Festival.

How to promote the Beijing economy?

It is reported that Universal Studios Beijing covers an area of ??120 hectares, plus 280 hectares of resorts. After completion, it will become the world’s largest global vast city. This is 2 times that of Osaka Global Studio, 5 times of Singapore Global Studio, and 4 times in Shanghai Disney.

The existing section of the global resort includes the theme park of Beijing Global Studio, Beijing Global City Avenue and two resorts. The second phase of planning construction includes the theme park of Chinese elements, which introduces IPS such as Chinese culture and Sun Wukong; the three -phase plan construction water park, with a total investment of more than $ 50 billion.

CITIC Jianota predicts that Universal Studios Beijing receives about 15 million to 20 million people, and the price of guests is expected to exceed 1,500 yuan. After maturity, the annual turnover is about 25 billion yuan to 30 billion yuan.

Pacific Securities believes that the global resort will directly drive Beijing’s tourism revenue by 4 % -5 %, and the annual growth rate of the industry around the tourism industry will increase by more than 100 billion yuan. the value of.

Many listed companies participate in the global studio industry chain

As an investor, the capital story behind Beijing Global Studio is more concerned about.

From the official disclosure information, Beijing Global Resort has Beijing International Resort Hotel Beijing International Resort Hotel, which is a joint venture with Beijing Ryan Cultural Tourism Investment Co., Ltd. and Kangcaster NBC Global Commercial Position And resort.

Beijing Handbiao Cultural Tourism Investment Co., Ltd. is the Beijing Municipal Government that mainly supports investment, development, operation and Beijing Global Resort. It is usually used by five Beijing state -owned enterprises. Including one of China’s largest tourism companies -Beijing Chiefs Group.

As the largest shareholder of the global studio, the first travel hotel of the first group, Wangfujing, Quanjude, the first commercial stock, and so on. This is the closest and benefited from this industrial chain.

At present, there are only two hotels in NOVOLI in the Universal Studios -Universal Studios Hotel and Resort. The number of rooms is about 1200. These two hotels are management of 50 % of the International Cay and First Tourism Group. And before December 31st, he has been committed to injecting a girl hotel, 2022. In June of this year, the hotel’s discipline announced a $ 3 billion plan. Global Studios near the theme hotel, in order to seize market opportunities.

In addition to the first time, many listed companies have recently responded to investors in Shanghai and Shenzhen. It appeared in the case of cooperation with Beijing Universal Studios.

Wangfujing said that the company produced by Wangfujing Shopping Center produced by the company is expected to be opened with the global studio scenic spot. However, in order to deal with the market tax, the company revealed that there is no specific plan to open global studio.

All the rally and delivered a speech thatthe Quanjihuzhuang is located on the city avenue of Universal Studios. The project covers an area of ??more than 15,000 square meters. The form of snacks, dinner, takeaway, terrace bar, etc. Organic combination. The store will be tested at the same time as global studios on September 1.

There is also an investor’s "adapter". Beijing Culture Group, Beijing Culture Group, Holding Bank, is one of the investors of Beijing Global Studio.

CITIC Tourism, China Youth Travel, and so on. It is a formal authorized partner of the Beijing Global Resort Tourism Channel.

Also, many listed companies have participated in the project construction of global studios. For example, Jintu Group is one of the main suppliers of Beijing Global Studio Green New Building Materials; time and space technology participation in the construction of Beijing Global Studio theme park support construction (first stage) urban avenue flood lighting project construction; Yuanwang valley and valley and Beijing International Resort has signed a franchise agreement for many years.

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"Shanghai Securities Journal" on July 1, 1991, with the establishment of the New China Securities Market, it is the first national financial daily daily that my country provides authoritative financial securities. "Shanghai Securities News" is a key newspaper, Xinhua News Agency, and the China Securities Regulatory Commission designated information disclosure newspapers.

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[Selected Real Estate 1] Chongming Sanxiang Forest Sea Shang

Real estate review

After smoking this cigarette

Let me briefly outline the advantages of the Sanxiang Forest Haishang: dual -track, Dong Community’s commercial facilities, the entire East community environment, and the quality of Sanxiang. And Sanxiang’s construction site is the most satisfied with what I currently see.

There are buses around for easy travel.

Old driver driving school

I have been to Chongming many times, not many corners, it is still a bit far from the future subway, but it can still be accepted

[Selected Real Estate 2] Blue Lake Bay

Real estate review

ifEng_1489

There are comprehensive shopping malls nearby. Lenovo Computer Stores, Lianhua Supermarket, Jinye Supermarket, Wenfeng Supermarket, Xiufang Supermarket, eating and buying vegetables are very convenient. There are 8 units, with 66.0-118.0 square meters in different areas of different areas of different areas. Choose, take what you need.

ifEng_1073

The greening rate of the community is good, the environment is beautiful, the eyes are full of green, and the living comfort is high.

Chongming is now more and more houses. To be honest, there are a few who work in Shanghai to buy that goes.

[Selected Real Estate II

Real estate review

Editor

1. The kitchen is L -shaped and has a large space area, which is convenient for cooking food and kitchen supplies. 2. The kitchen and toilet have windows, which are convenient for oil fume and odor, and the ventilation is better. 3. The master bedroom is the suite design. In addition to the independent bathroom, there is also a test room, which is convenient for the owner’s life. The privacy is better and the living comfort is high. ; 1. The depth is unreasonable, which will cause the part to be dim and need to turn on the light during the day.

The property fee is 2.5 yuan/square meter and month, and the price is acceptable. It depends on the quality of the service. The average price is about 26647 yuan/㎡.

Little Snail Nica

It is already the existing house. It is close to the Changxing Town Government, and the surrounding foundation is OK.