Tesla Model Y is far ahead in sales and the selling price is not cheap at all.

Tesla has a great reputation, but it is controversial. It is hard to say whether it is good or bad. Everyone has different opinions. Domestic news has negative news about Tesla every year, but most people still like Tesla’s cars, so the sales volume has not decreased, and there is even an upward trend, which is quite surprising. In 2023, Model Y sold a total of 456,000 vehicles in China. BYD did not dare to touch porcelain.

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In 2024, the sales volume of Model Y continued to grow, with a monthly sales volume of more than 30,000 and over 40,000 in recent months, which means that BYD Qin PLUS can compete with Tesla. As can be seen from the data, the sales volume of Model Y is very high, and the price of this car is not cheap, and it is sold according to the manufacturer’s guidance price. The price of most consumers buying a car is around 300,000. Some people say that the sales of Model Y will reach a new high in the second half of this year, because there will be six models, and the official has already rumored that there will be no six. Let’s take a look at the current car.

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In terms of appearance, Tesla’s car is similar in design, but it looks good anyway, and the body is like a one-piece cut. The front face is a closed grille design, but the concave shape shows the outline of the grille, with sharp lines and a sense of movement. The lamp group is located on the hood, with sharp shape and Tesla logo in the middle, which is highly recognizable. There is a big black mouth at the bottom, the front lip is prominent, and the whole front face smells like a sports car, which is in line with the aesthetics of most Chinese people.

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Viewed from the side, the silver body is a bit like a mech, with a prominent waistline and a hidden door handle. Is the roof a slip-back design or a sense of movement? The hub of the new car adopts a spoke structure with red calipers inside, which is very radical for a big car. The tail is still of conventional design. It is said that the new car is a penetrating taillight, but the current car is still designed separately, with a large area of blank space at the bottom, which is not monotonous in perception. The size of the new car is 4750*1921*1624mm and the wheelbase is 2890 mm. As a medium-sized car, the size is quite satisfactory.

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In the interior part, the interior design of the new car is relatively simple, there is no physical button on the center console, and bright materials are added to make it look fashionable. The round steering wheel is heavy, so nobody likes the special-shaped steering wheel. They are all genuine leather, support four-way adjustment, and are equipped with electronic pocket design, which is a little fun to drive. In terms of technology, this car has a large LCD screen, which is 15 inches, and it looks very atmospheric. In terms of functions, it supports speech recognition and remote control of mobile APP, and can diagnose the condition of vehicles by itself. The seat is made of imitation leather, supports lumbar support adjustment, can be heated, and is very comfortable to ride.

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Low-profile models only have rear motors, with a motor power of 220kw and a torque of 440 N m. There are motors before and after the middle-high models. The total power of the middle-high models is 331kw and 357kw, and the torque is 559N·m and 659N·m, respectively. The low-profile battery Contemporary Amperex Technology Co., Limited has a capacity of 60 degrees, while the medium-high-profile battery LG New Energy has a capacity of 78.4 degrees, and its battery life is 554km, 688km and 615km respectively.

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Generally speaking, expensive does have the advantage of being expensive. Low-equipped models are not only inferior in battery, but also slightly different in configuration materials. Consumers with high budgets suggest buying medium-equipped models.

Spring Festival file forecast: YOLO is temporarily ahead, but The Movie Emperor may be a dark horse.

Seeing that there is one week left before the Spring Festival, the predictions of the Spring Festival stalls are gradually released.

No matter the predictions made by Cat’s Eye or other professional film critics, YOLO, a film directed and starring Jia Ling, topped the list, with a prediction of almost 3.5 billion, and some even gave higher expectations, thinking that it could reach 4 billion.

Surprisingly, at the bottom of these films, Andy Lau and Ning Hao co-wrote The Movie Emperor. Although Andy Lau, the king of heaven, has laid the foundation, it shows the potential that it may become a dark horse.

The overall box office forecast is on the high side, and both inside and outside the industry are optimistic.

First of all, look at the box office forecast given by the most professional lighthouse professional edition. There are more than 3.2 billion YOLO at the top of the list; Followed by the comedy "Article 20" brought by Zhang Yimou Wei, the forecast reached 2.2 billion; Further down is Han Han and Shen Teng’s Pegasus 2, which can also break through the 2 billion mark. As for Bears, which is called the goalkeeper of the Spring Festival every year, it is predicted that the box office will maintain a stable level, with 1.6 billion; Maybe even 1 billion won’t be broken, and the bottom two are The Movie Emperor and Viva La Vida starring Peng Yuchang.

Among the predictions given by film critics, YOLO’s box office can reach 4.1 billion, followed by Han Han’s Pegasus 2, with nearly 3 billion, while Andy Lau’s The Movie Emperor was at the bottom of this prediction, with just over 500 million.

However, in any case, on the whole, it seems that everyone has full confidence in this Spring Festival file and has given a high forecast for this year’s box office performance. This is indeed a bold thing. Traveling and going to the cinema during the Spring Festival can’t escape the situation of price increase. Besides, during the Spring Festival, it is an annual time for all Chinese to spend money even if it is expensive, which has already doomed the movie box office to rise accordingly.

In addition, most of the movies released this year are family fun. For example, last year, everyone felt that the threshold of Wandering Earth 2 was a little high. No matter which movie it is this year, the whole family can sit quietly in the cinema and laugh.

However, will the movie’s final box office really go as predicted? In fact, it’s really hard to say, because it seems that there is a dark horse in the Spring Festival every year.

I’m afraid the fierce marketing of the first echelon will lead to self-loathing.

According to the predictions of major media critics, three films, Article 20, YOLO and Pegasus 2, have been listed as the first echelon of this year’s Spring Festival, which means that these three films will take 60% or even more than 70% of the box office this year.

To win so many box offices, the first thing to ensure is that these films have an absolute advantage. Nowadays, there is a popular competition for arranging films. These filmmakers directly sent a notice to the cinema without saying anything. The choice that the cinema can make is to agree or disagree. In this regard, in order to ensure fair competition to a certain extent during the Spring Festival this year, the China Film Association also issued a special notice to put an end to malicious competition.

However, the cinema also wants to make more money after spending money on the most advertised films, so we see that Jia Ling lost 100 pounds for the film and got more than 25% of the film.

The words "Jia Ling who lost 100 pounds" have recently been bored by netizens. Since Jia Ling shouted this sentence, everyone wants to know what Jia Ling looks like now. Health bloggers and fitness bloggers from all walks of life have analyzed how Jia Ling lost a person in one year.

Jia Ling is becoming more and more sophisticated in marketing means, and you can see more and more marketing in Zhang Xiaofei and Jia Ling with the naked eye. No matter what kind of entries, you can rub them hard.

There is Zhang Yimou’s "Article 20", which is not a serious and good work that has been polished for many years. To put it bluntly, it is a movie that rubs invisible traffic, and there is a lot of marketing. Just Zhao Liying’s sign language doesn’t know how hard fans are promoting it.

However, I don’t know if these films have ever thought about it. Sometimes netizens are just anti-bones, and there is too much marketing, which may also play a role in anti-bite. Everyone wants us to be tap water, to announce and like a movie on our own initiative. Or, if the marketing method is a little smarter, it will wash everyone’s brains invisibly and make people unaware.

Because once the marketing goes too far, everyone will finally go in and have a look. If the goods are not in the right version, the word-of-mouth will be even worse. Now no one is a fool, and everyone is waiting for the first wave of word-of-mouth. The long-term effect is more important if a movie really wants to create a miracle at the box office. Moreover, every Spring Festival, it seems that there is always a dark horse deus ex.

Every year, there are dark horses at the bottom, which may counterattack.

The Spring Festival stalls are mysterious in this place. Every year, the movie that everyone is most optimistic about often won’t win the top spot. Instead, it is the one that seems to be not the most top-notch and will be countered.

Jia Ling used to be the beneficiary of this event. Detective Chinatown 3, which delayed the release for one year, and Chen Sicheng made full efforts to promote the film for more than two years, and lost to Hi, Mom, Jia Ling. Another year, it was a similar situation. In the final chapter of Ning Hao Crazy Series, Bo Huang and Shen Teng were two big comedies, but they didn’t lose to The Wandering Earth, who was not optimistic.

This matter, almost all quickly formed an iron law, and this year’s Spring Festival file will not be guaranteed, and it will follow this law. At the bottom of the current "The Movie Emperor", it finally counterattacked by word of mouth.

Expert analysis: Do they need a "divorce cooling-off period" in the movie?

Special feature of 1905 film network On January 1st next year, the newly published Civil Code of People’s Republic of China (PRC) will be officially implemented. This also means that the "cooling-off period of divorce" which has caused heated discussion before will have legal effect in the form of express clauses in the Civil Code.


Excerpts from the Civil Code of People’s Republic of China (PRC)

Article 1077 If either party is unwilling to divorce within 30 days from the date when the marriage registration office receives the application for divorce registration, it may withdraw the application for divorce registration from the marriage registration office.

Within 30 days after the expiration of the time limit specified in the preceding paragraph, both parties shall personally apply to the marriage registration office for a divorce certificate; Those who fail to apply shall be deemed to have withdrawn their application for divorce registration.


Since the proposal stage, this "renewal period" attached to divorce has set off a discussion upsurge among netizens."It’s not’ free’ to want a divorce?" "Divorce should be calm, it is better to be calm before marriage" … … Many viewpoints collide fiercely, and the "divorce cooling-off period" has become the "divorce frying pan period".



However, Su Qin, an emotional expert who is a guest of Today’s Film Review, has a more comprehensive and long-term view on this "divorce cooling-off period" that seems to be contradicted by the whole network."Each of us has a completely different mentality when facing marriage." From the unfortunate family emotional relationship she witnessed, she saw not only the absolutely irreparable rupture, but also the regret caused by the lack of marriage education. In real life, it is often the film and television work … …


Forget about your trip.

Let the impulsive bullets fly for a while


Let everyone remember "What Mei Ma" and "Pruning Mei", but the original intention is to discuss how love is "not".When the relationship between husband and wife with Ma Dongmei is tense, a middle-aged down-and-out man, Charlotte, opens a "door" and begins a "crossing" journey back to the past … …Wow, isn’t this the immersive experience of "divorce cooling-off period"



In the "dream", Charlotte braved the wind and waves all the way with the knowledge of the "future", not only became a pop superstar, but also married Qiu Ya, the "goddess" that she couldn’t touch when she was a student.Ma Dongmei, who still exists, is just an ordinary "strong fan" who silently infatuates with and guards him.



The only warmth that Charlotte felt before the tragic end of her virtual life was a bowl of fennel noodles with gravy made by Ma Dongmei.The so-called empty dream of making up for "regret when I was young" finally made Charlotte, who had lost her way, return to her original heart of falling in love with Dongmei. Of course, this circuitous expression of "regret" also has a realistic refraction in Su Qin’s daily work. "In the case of remarriage, the initiative to propose is that men are mostly."


Under Su Qin’s interpretation, Charlotte’s transformation or self-help of marriage is the contribution of "divorce cooling-off period" subconscious review. Of course, in her view, goodbye mr. loser still has the defect of unilateralism — — Throughout the discussion of marriage relationship, it is centered on the man Charlotte, while the woman Ma Dongmei is only a supporting role that endures from beginning to end.



"If Ma Dongmei can also have a review or reflection, I think it may be more perfect." It is not uncommon for women to work hard but not complain. Their grievances and impulses in marriage life are also worthy of in-depth discussion.


In a sense, "the cooling-off period of divorce" is often a buffer for "passionate divorce". In Su Qin’s experience, passionate divorce often happens between young couples who are not married long. "They are actually led by emotions, not emotions. After leaving in the morning, they go back on their word in the afternoon."


Wu Xiaojiang and Li Nan, a young couple played by Qiao Shan and Huo Siyan, are on the verge of breaking up their marriage because of a phone call game.



In fact, the "game" itself is just an introduction, and the lack of daily communication with each other is the absolute factor that triggers the divorce impulse; And this kind of "mistake" deserves a chance to "make up" for those who really love each other.


In modern society, gaining and losing are sometimes too easy, so that lovers may talk about "breakup" and "divorce" by the way. This kind of "true temperament" may not be fair to two people who still have enough emotional foundation. Impulsive "bullets" might as well fly for a while in the "cooling-off period of divorce".


Shake your hair and walk away.

No difference between hot and cold, zero tolerance for violence


As for marriage, many China audiences have had "fear" since childhood, mainly from the gentle at home and the tyrannical Anjiahe at home in the TV series Don’t Talk to Strangers.



What makes many netizens uneasy about the "cooling-off period of divorce" is also related to violence: do victims of domestic violence have to endure another month’s injury?


The most direct sustaining factor of marriage is still emotion. The "divorce cooling-off period", which is also based on emotional considerations, will naturally not be absolutely framed.


Excerpts from the Civil Code of People’s Republic of China (PRC)

Article 1079 If a spouse requests a divorce, the relevant organization may mediate or directly file a divorce lawsuit with the people’s court.

When trying divorce cases, the people’s court shall conduct mediation; If the relationship has indeed broken down and mediation fails, divorce shall be granted.

In any of the following circumstances, if mediation fails, divorce shall be granted:

(1) Bigamy or cohabitation with others;

(2) committing domestic violence or abusing or abandoning family members;

(three) gambling, drug abuse and other bad habits;

(four) separated for two years due to emotional disharmony;

(five) other circumstances that lead to the breakdown of marital relationship.

If one party is declared missing and the other party files a divorce lawsuit, the divorce shall be granted.

After the people’s court has ruled that divorce is not allowed, and the two parties have separated for one year, if one party files a divorce lawsuit again, divorce shall be granted.


The behavior of "domestic violence" explicitly pointed out in situation (2) obviously does not exist in the mediation scope of "cooling-off period". However, Su Qin reminded the relieved friends in time: the damage caused by "cold" violence is no less than that caused by externally publicized violence.


Let’s turn our attention back to the movie "The Phone Rings". Among them, Tian Yu and Lele Dai, the middle-aged Kochi couple, loved each other before and presented a model family appearance, but when they got home, they didn’t even say a word to each other.



"This is a typical cold violence." According to Su Qin’s observation, the mode of no-hands-on, polite and peaceful communication is the reality of many families in China. The phrase "for the children" seems to be that the marriage is only maintained to give the children a stable illusion.


In fact, it is these subtle changes in the family atmosphere that children in the growth period are best at capturing and most susceptible. In the movie, Wu Wenxue and Zhang Yan, who were not "taken away" by the light because of the disappearance of their love, had already been discovered by the daughter played by Vicky Chen.



Until the end of the film, the couple, played by Bo Huang and Tan Zhuo, are still "tender". Their daughter, however, has already won the love around her through retaliatory puppy love."These parents are selfish," Su Qin bluntly said. This kind of struggling "living together" will bring huge psychological burden to the children. "In this case, I will say to the children: Son, this matter really has nothing to do with you, but your parents haven’t grown up yet."


Perhaps we still remember the scene at the end of the movie where Scarlett Johansson plays the role of tying the shoelaces of her ex-husband. With the emotional ties that naturally lead to the formation of family memories, they have also experienced the psychological mediation process of "divorce cooling-off period", but the verbal and mental torture and harm to each other before are still irresistible.



Get together sometimes. Any form of violence deserves a zero-tolerance decision to walk away.In the face of the "cooling-off period of divorce", many people focus on the "period" of 30 days, ignoring the "cooling-off" that should really be the necessary support in emotional relationships — — The choice between dispelling impulse or being firm and discrete should be calm enough.


Movies bearing joys and sorrows may give you support and answers.


Big reversal! Good shops sue "Zhao Yiming", the biggest merger or fraud in the snack industry?

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THECAPITAL



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"Even if snacks are busy and successfully listed, they are superficial. Whether an investment institution can return to its original capital is a problem, not to mention LP making money. "

This article is 4022 words, about 5.7 minutes.

Author | Gardenia Editor | We

Source | Rongzhong Finance

(ID:thecapital)

It thundered on the ground! "Snacks are Busy" and "Zhao Yiming" announced the merger of the head players in this mass snack industry. The news fever has not dissipated, and the lawsuit is coming!

On December 6th, according to media reports, "Liangpin Shop sued Zhao Yiming: Deliberately concealing major events of the company and damaging minority shareholders’ right to know". Judging from the specific information, Ningbo Guangyuan Juyi Investment Co., Ltd. (hereinafter referred to as "Guangyuan Juyi"), a wholly-owned subsidiary of Liangpin Shop, was invested by Yichun Zhao Yiming Food Technology Co., Ltd. (hereinafter referred to as "Zhao Yiming") during the cooperation period between the two parties.Deliberately concealing major events of the company, damaging minority shareholders’ right to know,On November 27, he formally filed a lawsuit with the people’s court. At present, the court has accepted the case.

Zhao Yiming Snacks was established in 2019, and in February, 2023, it was favored by good shops, which invested 45 million yuan through its subsidiary "Guangyuan Juyi". Enterprise investigation shows that at that time, it was financed by 150 million yuan led by Black Ant Capital and invested by good shops, with a valuation of about 1.5 billion yuan. After the completion of financing, it began to accelerate its expansion.

Only half a year later, on October 17th this year, Liangpin Store announced that Ningbo Guangyuan Juyi Investment Co., Ltd., a wholly-owned subsidiary, planned to transfer its 3% equity of Yichun Zhao Yiming Food Technology Co., Ltd. (hereinafter referred to as Zhao Yiming) for a total price of about 105 million yuan. The good shop chose clearance.

The huge market volume of discount snacks and every change in the industry may lead to the actual interests of thousands of investors and franchisees behind them. As early as before the merger of Busy Snacks and Zhao Yiming, there were investors arguing about Busy Snacks and the investment value of Zhao Yiming.

Undoubtedly, this complaint once again put Snacks Busy and Zhao Yiming on the front page of the industry public opinion and even the investment circle.

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Sell oneself after 22 days.
Before and after Zhao Yiming and Liangpin Shop’s equity transfer.

In the media reports, Liangpin Store said that its investment was based on the original intention of achieving better development of its partners, but after the news of the merger was announced, it was deeply felt that it was maliciously deceived and its rights and interests were damaged.

Review the timeline.

On October 16th, Guangyuan Juyi transferred its 3% equity of Zhao Yiming Company to Shanghai Yihai Enterprise Management Consulting Partnership (hereinafter referred to as "Yihai Partnership") and Xiamen Heiyi No.3 Overseas Connection Venture Capital Partnership (hereinafter referred to as "Heiyi Partnership"). "Guangyuan Juyi" received all equity transfer funds on October 19, 2023.

In "Guangyuan Juyi"Only 22 days after the transfer of equity, that is, on November 10th, Zhao Yiming and Snacks were very busy to release a "merger" statement.According to the national enterprise information credit publicity system, both parties have completed the industrial and commercial change registration on the day of announcement.

From the perspective of the merged shareholding structure, Snacks Busy holds 87.76% of the shares in Zhao Yiming, while Zhao Ding, the founder of Zhao Yiming, holds 32% of the shares of Snacks Busy through Yichun Bird Nest Advertising Information Culture Communication Co., Ltd. and Yichun Bird Management Partnership (Limited Partnership), becoming the second largest shareholder of Snacks Busy.

It is worth noting that on September 28th this year, Wang Pingan, Zhao Ding and other "Zhao Yiming" executives completed the registration in Yuanzhou District, Yichun, one of the shareholding platforms for holding "snacks are very busy", and the executive partner of this enterprise appointed Zhao Ding as the representative.

"The Company Law clearly stipulates that Liangpin Store, as a shareholder of Zhao Yiming, has the right to know the important resolutions of Zhao Yiming, and enjoys the legal rights of knowing, making decisions, inspecting and preempting in such a major asset reorganization. If Zhao Yiming informs Liangpin Store of its busy merger plan with snacks, Liangpin Store will probably exercise its preemptive right.

As a listed company, the financial loss of Liangpin Store, especially the loss of industrial integration, is really great. "A person close to the good shop revealed.

According to "Guangyuan Juyi", it is impossible for two head enterprises in the discount snack industry, involving nearly 7,000 stores, with consolidated sales exceeding 7 billion in 2022 and current valuation of about 9 billion, to complete all the processes required for the merger in just 22 days, such as due diligence, negotiation, contract drafting, investor approval, etc., and judging from the clues such as the establishment time of the shareholding platform, the start and decision of the merger between the two parties took place in "Guangyuan Juyi" and "Zhao Yiming"."

Obviously, Zhao Ding deliberately concealed his real purpose from the good shop. Looking back now, Black Ant bought the shares of Zhao Yiming held by a good shop, and I don’t know if it is ready for the merger of snacks and Zhao Yiming. "The above person said.

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Snacks are busy
The prospect of listing is shrouded in gloom

The format of discount snacks began to expand rapidly in 2020. According to Huachuang Securities, the total number of discount snacks stores has exceeded 10,000 in 2020, and a pattern of regional brands standing side by side has been formed, such as Hunan snacks are busy, Sichuan and Chongqing snacks are famous, and Jiangxi Zhao Yi is famous.

Among them,Snacks have been busy for only five years, and the number of stores has exceeded 2,000, leading the industry, and a number of investors have gathered behind them, including Sequoia China, Gaorong Capital, Qicheng Capital and Mingyue Capital.

In July this year, it was reported that snacks were busy and intended to be listed on the mainland A-share market in China or Hongkong, and the fund-raising could reach 100 million to 200 million dollars. If you choose to go public in Hong Kong, you will have an IPO as early as 2024.

Although the follow-up, snacks are very busy in response to the rumors of listing: there is no clear listing plan and location. However, judging from its multiple rounds of financing and the acquisition of Zhao Yiming, the ultimate goal is to expand the scale of listing.

"Snacks Busy" and "Zhao Yiming Snacks" announced the completion of the strategic merger on November 10th, with Yan Zhou, the founder of Snacks Busy, as the chairman of the new group. At this point, the two head players came together at the discount snack track, which attracted a lot of capital and media attention.

According to the public information of Tianyancha, Zhao Ding holds 32% of the shares in the merged entity of Busy Snacks/Zhao Yiming, which is the second largest shareholder in the company after Yan Zhou, and concurrently serves as the director of the company and the CEO of Zhao Yiming.

Coincidentally, on November 10th, China Securities Regulatory Commission just released the latest opinion draft explanation on the regulation of IPO guidance for A-shares, which clearly stated: "In order to promote the establishment of honesty, self-discipline and legal awareness of the actual controllers and directors of the company, and improve the quality of listed companies from the source", the reputation of the actual controllers, directors, supervisors and senior managers of the company to be listed will become the focus of IPO audit.

With the complaint filed by Liangpin Shop, there is no doubt that the honesty, contractual spirit and even legal consciousness of the second person of the new company have been publicly questioned.

It should be noted that Liangpin Store has made it clear that it has filed a lawsuit against Zhao Ding on the grounds of "deliberately concealing important matters of the company and damaging the right of minority shareholders to know".

"If the good shop wins the case, Zhao Ding and even the snacks after the merger are very busy and may face huge compensation, and the merger that has been negotiated may also be forced to cancel."

From the perspective of the listing prospect, the clear and stable equity, whether there are disputes and potential risks are the key points of the listing review of the CSRC. From the recent cases that Honey Snow Ice City and Laoxiang Chicken are difficult to list, it can be clearly seen that the red and yellow light policy of the CSRC has strict restrictions on the industry.

"Therefore, regardless of the outcome of the lawsuit, snacks are very busy. Under the multiple influences of the restrictions imposed by the CSRC and the reputation crisis of the company’s No.2 key person, the road to listing has been bumpy."The above-mentioned relevant person told reporters.

If snacks are too busy to be listed in Hong Kong stocks, they still need to be filed with the China Securities Regulatory Commission before filing, and the CSRC will still review domestic companies planning to list in Hong Kong. The Hong Kong Securities Regulatory Commission (CSRC) also has clear requirements on the clarity, stability and non-equity disputes of listed companies. At that time, both the litigation disputes with good products and the reputation of key people in the company will become the focus of the CSRC’s key review.

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LP worry: hopeless exit

According to the reporter’s understanding, as early as before the merger of Busy Snacks and Zhao Yiming, there were investors arguing about Busy Snacks and the investment value of Zhao Yiming.

LP, an organization with knowledge of the situation, revealed to reporters:"As early as May this year, Zhao Yiming began to communicate with potential investors for a new round of financing. The company expanded aggressively this year, and the capital chain behind it has been in a tight state. Several head funds contributed by us have basically pass after all the adjustments. As soon as this complaint came out, even the expectation of withdrawal was gone, which is a common concern of investors. "

The source said, "Snacks are very busy and Zhao Yiming is planning to list on the Hong Kong stock market. However, investors know clearly that such a target land will basically have no liquidity after the listing of Hong Kong stocks. "

In the past two years, Hong Kong stocks have been an important choice for consumer goods companies to go public. Brands such as Pot Circle, October Paddy Field and Youbao Online have all been successfully listed on the Hong Kong Stock Exchange, and companies such as Chabaidao have already submitted their watches to the Hong Kong Stock Exchange. Some companies that have previously hit A-share IPOs, such as Yanzhiwu, Lancang Ancient Tea, Laopu Gold and Mengjinyuan, have also moved to Hong Kong stocks. However, the liquidity problem of Hong Kong stock market has always troubled investors.

A good reference is the pot circle that has just been listed in Hong Kong recently, with a daily turnover of less than HK$ 1 million; Two years ago, hellens and Naixue, which enjoyed unlimited scenery, now have a daily turnover of only a few million Hong Kong dollars, and their market value has dropped by more than 70% compared with their respective highs; Wei Long used to be valued at 70 billion, but now the market value of Hong Kong stocks is 17.7 billion, and the daily turnover is only several hundred thousand. In other words, shareholders, including investors and employees, can’t sell stocks at all.

"Snacks are busy and the share ratio of Zhao Yiming investors’ shareholders is already very high. After the merger, the share ratio of investors is close to 15%, and the accumulated investment cost is nearly 600-700 million. According to the liquidity of several million Hong Kong dollars a day, even if it is sold every day, investors will have to reduce their holdings for several years before they can return to their capital. If you add employees and founders to reduce their holdings, you don’t know when to sell them. Once investors and founders start to reduce their holdings, the market value of the company will inevitably fall sharply. "

"So, even if snacks are busy and successfully listed in Hong Kong stocks, such projects are superficial. Whether an investment institution can sell it back is a problem, not to mention LP making money. "The LP investor admitted to the reporter: "As an LP, in the current environment, we definitely look at liquidity and DPI. Projects that are both illiquid and difficult to quit are very dangerous and can’t be touched at all. If the funds we invest in only focus on book returns and reputation, it will be a trust injury to the whole industry. "

04
Under the storm
Can franchisee subsidies and employee commitments still be fulfilled?

When Snacks Busy merged with Zhao Yi Mingguanxuan, it was declared that "the two sides will learn from each other’s strong points and integrate deeply … to jointly empower franchisees and contribute to the healthy development of the industry …" Now, it seems somewhat ironic.

"In fact, before the busy merger with snacks, Zhao Yiming’s financial stability has always been an element of concern and concern for franchisees. Regardless of the rapid expansion of cost, how long can Zhao Yiming’s tactics of subsidizing burning money last? Everyone has a question mark. Although it is very busy to merge with snacks, it is now facing a lawsuit from a good shop. If it cannot be listed in the future and investors ask the company to buy back shares in cash, there may really be a capital chain crisis, which will lead to a sudden interruption of the subsidy for burning money. "

According to Zhao Yiming’s internal staff, "Snacks are very busy and both Zhao Yiming have made employee incentives through the employee stock ownership platform, allocating equity to employees and emphasizing the cash value brought by equity after listing." Nowadays, with the background of a series of events exposed by the lawsuit of defending the rights of good shops, after the hope of listing is slim, the equity incentives that employees strive for may be dashed.

The core of enterprise management is "people", and enterprise management often takes equity incentive as the weight to retain talents. When employees regard enterprise development as their goal, who should pay for those promises that are overhead? If the capital chain is broken, how can the subsidy policy promised to franchisees be guaranteed? And how to realize the small and medium-sized brands acquired with equity value?

In the past two years, snacks started in Changsha, Hunan Province were very busy, and snacks from Zhao Yiming, which came out of Yichun, Jiangxi Province, attacked the city all the way, opening more than 4,000 stores and more than 2,500 stores respectively. With the arrival of the merger, the number of the two stores added up to nearly 7,000. This involves most employees, suppliers and franchisees. If Zhao Yiming really cheats for his own interests, how can he be honest with franchisees?

Actually, Snacks Busy and Zhao Yiming, as two large-scale enterprises in the hot industry, have made outstanding contributions in the development of the industry. Perhaps their initial intention is just a commercial contest, but they may lack some understanding of laws and regulations. As a listed company, Liangpin Store is indeed its due obligation to safeguard the rights and interests of its own shareholders and shareholders.

In today’s market environment, we all hope that more enterprises and investors will have a positive voice, sit tight and create a more honest and fair market environment, so that the industry can continue to develop in a healthier direction. Regarding this lawsuit, we will also continue to pay attention to the follow-up development.

Rongzhong official fan base


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Detailed explanation of the six focuses of Shenzhen-Hong Kong Stock Connect: How will it affect A shares in four months?

  BEIJING, Beijing, August 17 (Xinhua) On the 16th, the preparatory work for the implementation of Shenzhen-Hong Kong Stock Connect was officially launched. After the State Council approved the Shenzhen-Hong Kong Stock Connect Implementation Plan, in the evening, the China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission jointly signed the Shenzhen-Hong Kong Stock Connect Joint Announcement, approving in principle the establishment of an interconnection mechanism for Shenzhen-Hong Kong stock market transactions. What does the approval of Shenzhen-Hong Kong Stock Connect mean to China’s capital market? What is the impact on A shares or H shares? When will it be officially launched? What is the investment quota? What are the investment targets? How high is the investment threshold? The reporters from Zhongxin. com will sort out and interpret them for you one by one.

  What is the significance?

  Investors can better share the fruits of economic development between the two places.

  Zhang Xiaojun, spokesman of the Securities and Futures Commission, said that the launch of Shenzhen-Hong Kong Stock Connect is another major measure to connect the financial markets of the Mainland and Hong Kong, which has many positive meanings.

  First, it is conducive to investors to better share the economic development achievements of the two places. It will further expand the scope and quota of investment targets for the interconnection of the mainland and Hong Kong stock markets to meet the diversified cross-border investment and risk management needs of investors.

  Second, it is conducive to promoting the opening and reform of the mainland capital market and further learning from Hong Kong’s more mature development experience. It can attract more overseas long-term funds to enter the A-share market, improve the investor structure in the A-share market and promote economic transformation and upgrading.

  Third, it is conducive to deepening financial cooperation between the mainland and Hong Kong. It will further give play to the geographical advantages of Shenzhen and Hong Kong and promote the orderly economic and financial development of the Mainland and Hong Kong.

  Fourth, it is conducive to consolidating and upgrading Hong Kong’s position as an international financial center and promoting the internationalization of the RMB.

  What is the impact on A shares and H shares?

  Opening for half a year is expected to bring 75-150 billion incremental funds to A shares.

  Ping An Securities believes that after the implementation of Shenzhen-Hong Kong Stock Connect, in the long run, whether the capital will show a "southbound" or "northbound" net inflow depends on the comparative relationship between Shenzhen and Hong Kong.

  Qiu Xiaohua, chief economist of Minsheng Securities, told the reporter of Zhongxin.com (WeChat WeChat official account: cns2012) that the approval of the launch of Shenzhen-Hong Kong Stock Connect will help the interconnection of the two markets, and the impact on the A-share market will be more positive than negative.

  Guotai Junan believes that after the implementation of Shenzhen-Hong Kong Stock Connect, if the average daily quota utilization rate of Shenzhen Stock Connect reaches 5%-10% in the next six months,It is estimated that it will bring about 75-150 billion incremental funds to the A-share market, accounting for 0.9%-1.8% of the current market value of Shenzhen Component Index of 8.5 trillion.The impact on the short-term liquidity of the market is limited. Although Shenzhen Stock Connect is difficult to change the original trend of the market, the policy landing is good for short-term risk appetite.

  On the 16th, the Shanghai and Shenzhen stock markets diverged, and the Shanghai Composite Index closed at 3,110.04 points, down 0.49%. The Shenzhen Component Index reported 10,883 points, up 0.56%; Growth enterprise market index reported 2201.10 points, up 0.36%. In the previous two trading days, A shares continued to rise, and the Shanghai Composite Index broke through the 3100 mark; The Shenzhen Component Index rose by 1.32% and 2.79% on the 12th and 15th respectively.

  In addition, Yu Hao, manager of Guangfa Shanghai-Hong Kong Shenzhen New Opportunity Fund, believes that after the mechanism of Hong Kong Stock Connect has been improved through Shenzhen-Hong Kong Stock Connect and quota liberalization, Hong Kong stocks will be fully opened to domestic investors, and many outstanding Hong Kong stocks will receive sustained attention from mainland investors and be revalued for a long time.

  In the past 10 trading days, the Hang Seng Index has experienced a strong rise, breaking through the 22,000 points and 23,000 points. On the 16th, the Hang Seng Index fell slightly by 0.09% to close at 22,910.84 points.

  When will it start?

  It takes about 4 months to prepare.

  According to the CSRC, it will take about four months to prepare from the date of publication of the Joint Announcement to the formal implementation of the above plan, and the formal implementation time will be announced separately.

  According to the Joint Announcement, the exchanges and registration and settlement institutions of the two places will formulate, publish or adjust and improve relevant business rules, actively promote the development and testing of technical systems, business qualification applications, investor education and other preparatory work, and will announce the progress. Shenzhen-Hong Kong Stock Connect can be officially launched only after the relevant transaction settlement rules and systems are prepared, all relevant regulatory approvals are obtained, market participants have fully adjusted their business and technical systems, and all necessary cross-border regulatory enforcement cooperation arrangements and investor education are ready.

  What are the investment target stocks?

  The stock market value of Shenzhen Stock Connect Standard needs to exceed 6 billion yuan to expand the Hong Kong Stock Connect Standard.

  The stock range of Shenzhen Stock Connect is the constituent stocks of Shenzhen Component Index and Shenzhen Small and Medium Innovation Index with a market value of 6 billion yuan or more, and the stocks of A+H shares listed on Shenzhen Stock Exchange. At the beginning of the opening of Shenzhen Stock Connect, the investors who bought and sold the GEM stocks of Shenzhen Stock Exchange through Shenzhen Stock Connect were limited to institutional professional investors defined by relevant Hong Kong rules. After the relevant regulatory issues were resolved, other investors could buy and sell the GEM stocks of Shenzhen Stock Exchange through Shenzhen Stock Connect.

  The stock range of Hong Kong Stock Connect under Shenzhen-Hong Kong Stock Connect is the constituent stocks of Hang Seng Composite Large-cap Index, Hang Seng Composite Medium-cap Index, Hang Seng Composite Small-cap Index with a market value of HK$ 5 billion or more, and A+H shares listed on the Hong Kong Stock Exchange.

  Compared with the Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect, the stock range of the Shenzhen-Hong Kong Stock Connect is based on the existing Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect, and the constituent stocks of the Hang Seng Composite Small-Cap Index (including stocks with a market value of HK$ 5 billion and above) and the stocks of A+H shares listed on the Hong Kong Stock Exchange and Shenzhen Stock Exchange at the same time.

  What is the investment quota?

  There is no longer a total amount limit, and the daily quota of Shenzhen Stock Connect is 13 billion

  The cancellation of the total amount of Shanghai-Hong Kong Stock Connect will take effect immediately from the date of the Joint Announcement. Shenzhen-Hong Kong Stock Connect no longer has a total amount limit.

  The daily quota of Shenzhen-Hong Kong Stock Connect is consistent with the current standard of Shanghai-Hong Kong Stock Connect, that is, the daily quota of Shenzhen Stock Connect is 13 billion yuan, and the daily quota of Hong Kong Stock Connect under Shenzhen-Hong Kong Stock Connect is 10.5 billion yuan.

  Zhang Xiaojun said that cross-border investment is subject to daily quota management and real-time monitoring. The regulatory agencies of the two places can adjust the investment quota according to market conditions. The daily quota of Hong Kong Stock Connect under Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect is controlled by Shanghai and Shenzhen Stock Exchanges respectively, that is, both are RMB 10.5 billion, which does not affect or adjust each other.

  How high is the investment threshold?

  The balance of individual investor account of Hong Kong Stock Connect is not less than 500,000 yuan.

  According to the Joint Announcement, Shenzhen-Hong Kong Stock Connect refers to the relevant provisions of the Joint Announcement of Shanghai-Hong Kong Stock Connect on April 10, 2014, such as trading, settlement and listing regulations, settlement methods, investor suitability, cross-border supervision and law enforcement cooperation between the two places, and counterpart liaison mechanism.

  Zhang Xiaojun said that investors in Hong Kong Stock Connect are limited to institutional investors and individual investors with a total balance of not less than 500,000 yuan in securities accounts and capital accounts.

  According to the data released by China Securities Depository and Clearing Co., Ltd., by the end of July, the total number of individual investors holding A-shares with a market value of over 500,000 was 2,931,218, which reached the threshold for investing in Hong Kong Stock Connect. (Cheng Chunyu)

Smart R7 listed, 259,800

A few days ago, Hongmeng Zhixing was officially listed, and the new car launched 4 models to choose from, the price range 25.98-33 9,800 yuan. This time, the new carThe whole system is equipped with 800V silicon carbide high voltage platform as standard, and the maximum cruising range of CLTC conditions is 802km.

In terms of appearance,The new car adopts a family-style design style, and the details are very similar to the Smart S7, except thatThe body line design of the coupe SUV makes it look more sporty and personalized.In terms of color scheme, the new car offers six options: Phantom Purple, Clear Blue, Metropolis Red, Gilt Black, Deep Space Grey and Ceramic White. In terms of body size, the length, width and height of the new car are 4956 × 1981 × 1634mm, and the wheelbase is 2950mm, which is very close to BMW X6 and Mercedes-Benz GLE Coupe SUV.





In terms of interior design, the new car is equipped with 1.2.3-Inch full LCD instrument panel and 15.6-inch floating central control screen, and has rich human-machine interaction functions. In addition, the new car is equipped with HUAWEI ADS3.0 end-to-end human-like intelligent driving system, providing high-level intelligent driving functions such as parking, valet parking, and summoning.

In terms of power, the new car is equipped with HUAWEI DriveONE 800V high-voltage silicon carbide power platform, and provides two versions of single motor and dual motor, with a maximum cruising range of 802km under CLTC conditions. In terms of chassis, the new car is equipped with CDC variable damping shock absorber and air suspension as standard.

Lincoln’s new navigator officially launched, sold for 988,800 yuan/with SYNC3 system

A few days ago, the official announced that its 2017 models were officially launched. Compared with the old models, the new car was optimized on the multimedia system and equipped with the latest SYNC3 system. In addition, there is not much difference between the new car and the old model. In terms of price, the new car only launched one model, priced at 988,800 yuan.

It is reported that the new model listed this time is not much different from the old model in terms of appearance and interior design, but the multimedia system of the new car has been updated and upgraded. The new model will be equipped with the latest SYNC3 system, the interface is more concise and easy to use, and the system also supports Apple CarPlay and AppLINK systems. It is worth mentioning that the upgraded SYNC3 system also supports automatic speech recognition of 15 dialects to meet the needs of more consumers.

The picture shows the current Lincoln

In terms of power, the new car is still equipped with a 3.5T, the 261kW, the peak torque is 576Nm, and the system matches 6 speeds. In addition, the new car is also equipped with a system.

Changan Mazda MAZDA EZ-6 will be available for pre-sale on September 28

  [Car News Network, reportThe new model of Changan Mazda, the MAZDA EZ-6, will be available for pre-sale on September 28, 2024. This is a mid-sized car based on the Changan EPA hybrid platform, and the power is divided into pure electric and extended range.

   The appearance of the EZ-6 adopts the coupe style, with a length, width and height of 4921 × 1890 × 1485 mm and a wheelbase of 2895 mm.

   The interior is wrapped in a large amount of leather, equipped with LCD meters and a 14.6-inch central control screen. The car has a built-in 8155 chip, equipped with Sony 14 speakers, 64-color ambient lights, front zero-gravity seats, and panoramic canopy.

  In terms of power, the range extension version is equipped with a 1.5-liter range extender with a maximum power of 70 kW and a motor power of 160 kW, powered by a lithium iron phosphate battery. The pure electric version is equipped with a single motor with a maximum power of 190 kW, which is also powered by a lithium iron phosphate battery.

  Changan Mazda’s "8 Heavenly Groups" will take turns in the live stream from 9:00 am on September 28 to 1:00 am on September 29. Company executives, senior engineers, car critics, and users KOC will interpret the product value of the car from different perspectives. Changan Mazda Douyin, WeChat Channels, Weibo, Kuaishou, and Xiaohongshu will simultaneously broadcast the pre-sale of the new car and announce the pre-sale price.

A new era of intelligent travel! Blue Power E5 PLUS official picture exposed

Recently, the blue electric car has once again become the focus, and the official picture of its new masterpiece has been officially exposed, indicating that this electric SUV, which combines fashion, comfort and practicality, will start pre-sale at the end of September.

Blue Electric E5 PLUS quickly attracted the attention of many young families with its unique Aurora green body color and minimalist futuristic design style. Its exterior design not only shows the brand’s deep understanding of future travel trends, but also meets consumers’ expectations for high-value cars.

In terms of interior space, the Blue Electric E5 PLUS is even more colorful. The five-seat and seven-seat seating layouts provide more options for family travel. The effective space of up to 3162mm and the room acquisition rate of 66.4% ensure that every passenger can enjoy a spacious and comfortable riding environment.

In addition, the blue electric E5 PLUS has a leg space of 917mm in one row, an 8-layer comfortable stacked design of the front soufflé seats, and a 119 ° large angle adjustment of the two-row seats of the five-seat model, as well as a more flexible seven-seat model space. The comfortable sun bed room formed by the maximum volume of 1694L after the second and third rows are laid down has taken the riding experience to a new height.

As the pre-sale date approaches, the Blue Electric E5 PLUS is gradually unveiling its mystery and demonstrating its powerful charm as a new choice for family travel. I believe that in the near future, this electric SUV that combines beauty and practicality will lead the new trend of family travel and bring consumers a better travel experience. Let’s look forward to the pre-sale of the Blue Electric E5 PLUS together!

"Feng Fei Lian" update! Wang Fei Nicholas Tse appeared for the first time in 9 years of compounding, and the official announcement of the finale?

A few days ago, it was the first time that Faye Wong and Nicholas Tse appeared together in public after nine years of getting back together. Seeing the appearance of the two, many people called it "finally the end". The story of these two people can be made into a TV series, which is longer than "Empresses in the palace".

The 14-year-old Nicholas Tse saw Faye Wong again. She was singing "Dream Man" on the stage. He was finally able to see this famous Asian singer shining brightly with his own eyes.

His younger sister, Xie Tingting, said that her brother looked at Faye Wong from the stage, and his eyes were glowing. At that time, Nicholas Tse was just a little fan of Faye Wong, and as long as Faye Wong was on TV, he was not allowed to change channels. Once, he begged his mother, Deborah, to take him to see Faye Wong.

Nicholas Tse grabbed Faye Wong and asked her to sign for him. He looked around and found that he didn’t bring the book at all, so he stretched his trouser legs and asked Faye Wong to sign it here. Faye Wong smiled and signed her name on it, asking him to keep it safe.

After returning home, Nicholas Tse put the pants on the top of the cabinet and never wore them again. A year later, Xie Xian went bankrupt, and Nicholas Tse went into the circle to pay his debts.

After Nicholas Tse entered the music scene, he immediately released his own album. After getting the finished product, Nicholas Tse was the first to send it to idol Faye Wang, who personally wrote on it: to Afi.

The friend was shocked when he saw it and asked him, "Are you familiar with Faye Wong?" Nicholas Tse smiled and said, "Yes."

The young Nicholas Tse regarded Faye Wong as an unreachable star, but after entering the circle, he got closer to this star little by little. Two people with a childish temper can easily play together.

Sometimes they are leaning together lazily in the bar, and Faye Wong is blocking drinks for her asthmatic brother; sometimes they are singing in KTV. Nicholas Tse did not respond to the scandal, but he was very unhappy with the scribbled media.

Some media said that Faye Wong left her daughter to go clubbing with Nicholas Tse. Nicholas Tse was furious: "You can write about me, but Afi won’t do that."

Nicholas Tse said, I don’t admit to being in love, just because I’m afraid of causing trouble to the other party. I’ve had it once before, and this time I really feel sorry for this woman.

Nicholas Tse, who is in love, is really shy. When it comes to his girlfriend, he often blushes. Recently, he has spent the night with his girlfriend and even no longer has insomnia.

Until 2000, Faye Wong took Nicholas Tse’s hand in order to avoid paparazzi. In the interception of long guns and short cannons everywhere, the smiles of the two could no longer be hidden. Nicholas Tse, who was pulled by Faye Wong, was red from his ears to his chest. Countless people witnessed this happy "century hand in hand".

After making their relationship public, the two could no longer hold back and kept showing their love on various occasions. Friends in the circle always took the opportunity to tease Nicholas Tse, causing him to laugh and cry.

Zhang Guorong said that the smile of Wang Fei, who has always been taciturn, was only given to Nicholas Tse. Nicholas Tse was crazy to protect his shortcomings, acting as a father to Dou Jingtong, and angrily scolding the reporter who scolded Dou Jingtong for "moral decline." When they were in love, the two got a couple’s tattoo on their waists, which has not been washed off yet.

Nicholas Tse said he would marry Faye Wong at the age of 25. But in 2002, Nicholas Tse frequently reported an affair with Cecilia Cheung, and when Cecilia Cheung was hospitalized, he also went to visit.

Until Nicholas Tse had a car accident and found someone to top the bag. It was said that he was having a tryst with Cecilia Cheung and ran into the flower bed in order to avoid paparazzi. It was difficult to distinguish between true and false, but the only fact was that Faye Wong proposed to break up.

Nicholas Tse was in pain and cut his hair at home. When he sang "Apocalypse" on the show, he lost control of his emotions and cried so much that he could only end up. Later, he could no longer sing the whole song.

It was said that Nicholas Tse had begged for the first time to get back together. This time, the two even got married. But they broke up again, but they didn’t wait for the second time to get back together.

Because Faye Wong was chased by Li Yapeng. Their wedding day was only a month away from Nicholas Tse’s 25-year-old appointment, but the bride married someone else.

After that, Nicholas Tse began to slowly fade out of the music scene. He was once unable to write songs, and the formerly straightforward children became much more restrained.

In 2014, just when everyone thought this relationship had finally come to an end, melon friends were pleasantly surprised to eat the biggest melon of the year: Feng Fei’s love has resurfaced!

Nicholas Tse couldn’t hide his worries at all. Although he became a cook in the mainland, the first meal he cooked every day was eaten by Faye Wong first. No matter how many times there were rumors of a breakup after that, when they were photographed again, the two were still sweet and sweet. These days, Afi took Nicholas Tse’s hand in a domineering manner at the airport and recreated the "hand in hand of the century", exactly the same as 23 years ago. It has been 9 years, and it seems that Feng Fei Lian has finally settled.

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