分类归档 dhrtf

　　CCTV News:Recently, many netizens reported that after the Chinese New Year, their express delivery was slower than when the logistics was busy a few years ago. The express delivery in the same city could not arrive for a few days, and some courier companies even asked themselves to go to the logistics warehouse to find the goods. Some netizens also broke the news that a site in Beijing Yuantong had a backlog of tens of thousands of express deliveries, and the phone could not get through, which was suspected of going bankrupt. A similar situation also appeared in Shanghai. What exactly caused this situation?

　　Users said that no one delivered the courier, so they could only pick it up by themselves.

　　Some netizens broke the news online on the 11th that their eight parcels had been stopped at Yuantong Beijing Huayuanqiao site for more than half a month and had not been received. They went to the site to pick up the parcels, but found that there were almost no staff at the site, and only tens of thousands of parcels were stacked in the warehouse. The netizens and some other netizens who also came to pick up the parcels followed the instructions and searched for them, but they couldn’t find them for several hours.

　　The user also said that several former Yuantong staff later said that Yuantong owed them at least 80,000 to 90,000 wages, and they had no choice but to do so.

Express packages are scattered on the ground of a warehouse near Huayuanqiao, Beijing

　　Under the official Weibo of Yuantong Express, thousands of netizens also left messages complaining about Yuantong’s service problems. Some netizens said: "I called the deliveryman, the deliveryman said no, and the delivery point was closed. What about my parcel? The customer service ignored it, do you want to call the police?" Others said: "My two parcels have been waiting for 10 days."

　　Reporter’s visit: Many outlets are operating abnormally

　　Yesterday, some media reporters came to Yuantong Haidian Huayuanqiao branch station and saw that the door of the scene was closed and the business was closed. Several former Yuantong couriers introduced that all the express shipments of the branch station have been transferred to the warehouse of another branch station and received and delivered by other branches. It is understood that users can also go to the warehouse to pick up the goods by themselves.

The Garden Bridge site is closed

　　Zheng Kai, a salesperson who claimed to be a third-level contractor at the site, told reporters that the Huayuanqiao site was fined heavily by Yuantong Express Company last year due to delays, losses or customer complaints. Insolvent had no choice but to close its doors and shut down its business. The continuous shortage of funds caused the wages of nearly 50 employees at the site to not be paid in time. There was a default, which was generally two to three months in arrears, as long as half a year. "I still owe me 45,000 yuan, including the contract deposit and two months’ salary!" Zheng Kai said that the courier itself is a hard and low-paid job. Coupled with the delay of two or three months’ wages, most of the couriers at the site left, and there are only six or seven couriers left, which further exacerbates the backlog of couriers. During the interview, residents came to the site from time to time to inquire about pickup, and the delivery delays of these residents generally reached six or seven days.

　　Yesterday morning, Ms. Zhang (a pseudonym), who lives in Wangjing, told reporters that the milk powder she bought for her child arrived at Yuantong Wangjing Point on January 20, but it has not been delivered. Yesterday morning, she suddenly received a text message asking her to go to the gate of a kindergarten. At 2 pm, the reporter came to the gate of the kindergarten mentioned in the text message, and there were small packages from Yuantong Express piled on the ground. Many residents were looking for their own in the package pile, and the residents who received the package did not need to sign. A man jokingly asked: "Do you want to take it casually?" Another man shouted: "You can do whatever you want, on your own initiative."

　　The courier revealed that many colleagues switched to delivering takeout

　　In fact, after the Spring Festival, the packages at the courier sites are piled up, and the phenomenon that the courier delivery is not timely is not a Yuantong family. As for the reason, there is a saying circulating on the Internet: the courier brother has left; the courier brother has changed to deliver takeout.

　　A courier brother told reporters: "Many people have switched to delivering takeout. Delivering takeout for one day can earn 200 small, and there will be rewards for more, while the courier only takes 1 yuan per piece, and there will be a fine for delay."

　　Another courier said: "I used to have a colleague who went to deliver takeout, and the company also provided jackets, electric cars, etc. Every day is the busiest time to eat, and I usually have a lot of free time, which is much easier than delivering couriers. But the income is not low. The commission for a takeaway is five or six yuan, which is much higher than the courier delivery."

　　As for the income disparity between the express delivery industry and the takeaway industry, people from many courier companies said: This is indeed the case. Competition from the takeaway industry has also brought great pressure on recruitment.

　　A person in charge of a courier site told reporters that after the year, several senior couriers did not come to rework directly, but switched jobs to the takeaway industry, resulting in a shortage of manpower at the site. The company is currently recruiting, with a recruitment gap of about 40%.

Takeaway delivery staff (data map)

　　At the same time, according to Xi’an media reports, the person in charge of a takeaway company said that there are indeed many employees who have switched jobs from couriers to takeaways, and such people are also their favorite recruitment targets. "The proportion of those who have transferred from couriers is about 15%. After all, the couriers have work experience, and the service side is also connected, and the route also has certain advantages."

　　Yuantong customer service: It is difficult to recruit couriers, and the warehouse backlog is serious.

　　Yesterday afternoon, Yuantong staff responded to media reporters, saying that ******* Yuantong has not closed down, and that "backlog, salary arrears, bankruptcy, and large-scale departure" are not true. "Because there are a lot ** goods under pressure during the ****** Festival, there are many outlets that are understaffed, resulting in delivery delays. If you encounter problems with delayed delivery ** the courier, you can call the customer service number to provide the tracking number to complain. After the complaint is successful, the courier will be given a penalty ranging from 100 yuan."

The backlog of express delivery at one outlet

　　The staff of the Cishou Temple outlet in Haidian District, which is in an abnormal state, told reporters that due to the current shortage of manpower, the outlet has delayed delivery, but has not stopped sending and receiving business. As for the reason, the staff said that it was difficult to recruit couriers after the year, resulting in a serious backlog in the warehouse.

　　The customer service staff of Jinyuan outlets in Fengtai District confirmed that many outlets are currently being rectified, but the reason for the rectification is still unclear. The staff of Shunyi Airport Branch told reporters that after finding a problem with the courier delivery, they can contact the sender to send it again, and send the delayed goods back to the shipper after the courier returns to normal.

　　State Post Bureau: Yuantong Garden Bridge site has a backlog of shipments and is expected to be delivered within a week

　　Yesterday evening, the official Weibo of the State Post Bureau issued a notice saying that the Department of Market Supervision of the Bureau has issued a notice, requiring all provincial (autonomous regions and municipalities) postal administrations to act quickly, through various means such as holding meetings, on-site inspections, video surveillance, etc., to find out the resumption of production and network operations of express delivery enterprises within their jurisdiction as soon as possible, effectively prevent and contain the unstable operation of outlets and untimely delivery of express delivery, and effectively safeguard the legitimate rights and interests of the general public.

Screenshot of the message released by the official Weibo of the State Post Bureau this morning

　　This morning, the official Weibo of the State Post Bureau sent another message saying that on February 15, the Beijing Municipal Postal Administration conducted a follow-up review of the express backlog at the Yuantong Beijing Huayuanqiao site, and learned that the site is organizing forces to dredge and deliver the backlog of express shipments. The backlog of express shipments is gradually decreasing. It is expected that the backlog of express shipments will be delivered within this week.

　　The phenomenon and reasons for the backlog of express delivery this time have also caused many people to think. Some media have issued articles saying that it may not be a common phenomenon for express delivery to switch to takeaway delivery, but in the face of these backlogs of express delivery, everyone is not only concerned about "My express delivery has not been delivered yet!" More importantly, in the context of the rapid development of the e-commerce industry and the continuous improvement of the purchasing power of Internet users, the express delivery brother has left, what should be done in the future of online shopping? In order to retain the "express delivery brother", the express delivery industry may need not only salary, but also security and hope. Source of this article: Beijing Youth Daily, official Weibo of the State Post Bureau

　　On July 29th, Shanghai. There were still 3 minutes before 16:00. Kobayashi opened the Ele.me APP and added 3 cups of milk tea to the shopping cart in advance. At 16:00, Kobayashi submitted the order on time and waited nervously for the "gift" from Lucky Muse.

　　This is the "Guessing the answer and free order (that is, free order for 1 minute) " activity launched by Ele.me from June 21st (hereinafter referred to as the "free order activity"). The rules are: the platform publishes the question the day before, and the clue points to one or more groups of time. The next day, users have the opportunity to place an order within a specified minute. The upper limit of the free order amount in the early stage is 200 yuan, and the maximum is adjusted to 56 yuan in the later stage. So far, the activity has been held to the 5th issue, and has derived gameplay such as "whole network questions" "free order per minute" "double happy" "city special".

　　Kobayashi participated in the "city special". The day before, the number of votes in Shanghai exceeded Wuhan and thus won 80,000 free places, 10,000 in each game, a total of 8 games. In the end, Kobayashi became the lucky one of the more than 9,300th people to be exempted from the game. "Thrilling, fortunately I won the bet today".

　　Ele.me is a generous "treat", which is very eye-catching in the short term. How much bonus can it bring in the long run? It is also worth observing.

　　The form of free order is not new, and there are two reasons behind the high attention of the harvest.

　　Since its launch, Ele.me free-order activities have exploded in popularity, from "free-order answer" to "free-order time" to take turns on hot searches; as of August 2, #Ele.me free-order #topic has accumulated more than 3.70 billion reads on Weibo, and more than 50,000 notes on Xiaohongshu with the same keyword.

　　

　　Source: Network

　　In fact, the form of free shopping is not uncommon. Dianping next door has played the set of "please eat" very well, VIP has the opportunity to be selected to eat "Overlord meal", and the corresponding only need to write "after eating"; many platforms and merchants will also solicit business with free shopping benefits on specific days.

　　Why is it that a form that is not novel can attract high attention? Market participants have explained to Hexun Finance that the free-order activity just happens to grasp the psychology of young people who love to pick up wool. If you guess the wrong answer, there is no loss. After all, three meals a day are rigid needs; if you guess correctly, it is the icing on the cake, why not do it? Therefore, many netizens joked that "betting on dogs will never give up" and "betting on nothing in the end".

　　In addition, the free-order activity is simpler and more crude than coupon return, collection and other preferential forms. As of June 30, the first phase of the activity has been free of charge for more than 956,000 orders. If calculated according to half of the maximum free-order 200 yuan in the period, Ele.me will pay nearly 10 million. After 5 periods, the number will be even larger.

　　The other side of the eye: from the title to the free order conditions have been complained

　　The development of free-order activities has not been smooth sailing, and Ele.me has also encountered user backlash in the topics, free-order conditions, and other links.

　　The title is usually a picture, covering elements such as guessing people’s names, chemical molecular formulas, traditional Chinese medicine, and music scores. Within two days of the event, the following beach beauty attracted controversy because all the number clues were invalid. The correct problem-solving pose is: The shape of the flowers is the root sign, and there are two people under the house, so the number in the root is 2. √ 2 is equal to 1.4142135623, and the ending number is June 23 of the day, so the free order time is 14:14 and 21:35 respectively.

　　This "bizarre" answer made users shout "You can play by yourself" "I’m really speechless, I’m going down". Some netizens said that they were not angry because the question was difficult, but because the question was illogical.

　　The free-order conditions are also full of controversy. For example, on July 17, Ele.me opened a "Black Diamond Special", and platform members had the opportunity to get free orders without answering questions. Facts have proved that the free benefits for members are not easy to get. On the Black Cat complaint, since July 18, netizens have participated in collective complaints one after another, saying that although they are Black Diamond members, they have not been free of orders in the special session.

　　

　　Source: Black Cat Complaint

　　In addition, the "city special" has also been complained. In order to get more votes in the city, some people have fancy canvassing votes, and some people have questioned that the small city has no sense of participation, which once caused regional "scolding wars".

　　

　　Source: Network

　　It is worth mentioning that in order to strengthen the food safety supervision of food delivery platforms, on July 21, the Market Supervision Bureau of Hangzhou City, Zhejiang Province interviewed the city’s Meituan, Ele.me and other food delivery platforms. One of the requirements is that "the catering industry should further standardize the business order, strictly prohibit vicious competition, and do not allow low-price dumping to disrupt the market order." This also makes the market full of worries: is it referring to the Ele.me free-order event? Can the free-order event continue?

　　However, on July 30, Ele.me announced that it would continue to hold its fifth edition from July 31 to August 7.

　　Thousands of investments benefit many parties, but the biggest winner is the platform

　　With praise and criticism, is this multi-million-dollar business still cost-effective? From the perspective of relevant parties, the free-order activity has benefited consumers, merchants and platforms.

　　"Nothing else, just hope you are happy", consumers did reap happy and free benefits. According to media reports, some people even ate 6 meals a day for picking wool.

　　For the food and beverage merchants who have been suffering from the epidemic for a long time, Zhou Di, a senior engineer of Fangrong Technology and a national science and technology expert of the Ministry of Science and Technology, told Hexun Finance, "The free-order activity has brought significant benefits, and consumers’ enthusiasm for participation is high. Many merchants have strong order growth and a significant recovery trend. Many merchants’like to mention ‘new daily peaks. The increasing order volume has injected business motivation into merchants and ignited consumption passion." Zhou Di also pointed out that the business growth brought by "free-order 1 minute" is "more than 1 minute": After the consumption peak at the beginning of the activity, the order volume still increased significantly for many consecutive days. The data shows that more than 300,000 merchants are involved in orders related to one phase of the activity alone.

　　However, there is no free lunch in the world, and the biggest beneficiary is Ele.me. Seven data show that on June 21, the day of the official announcement of the free-order event, Ele.me APP jumped to the sixth place in the IOS free list, setting a new high in nearly three months.

　　

　　Source: Qimai Data

　　Gao Zelong, a digital economy expert and expert consultant of MIIT’s Leading Talent Program, said that "this is a good public relations, publicity and marketing tool," and explained in detail, "On the one hand, Ele.me claims that the first phase of the event has been free of orders for more than 956,000 orders, which is nearly 1 million self-media communication. I believe that many users who are free of orders will send Moments. This communication effect is huge; on the other hand, the platform bears tens of millions of yuan in free orders, which is really nothing for a tech giant like Ele.me, not to mention that the cost of tens of millions of yuan may eventually be borne by merchants, not Ele.me itself. In any case, there is always a way for the platform to pass on these costs to the merchants; in the end, through such activities or events, it may also get media attention, which is even more cost-effective. "

　　Can free shopping save falling market share? Experts say "thousands of problems need to be solved"

　　The free-order activity is in full swing, and the platform anxiety behind it has also begun to surface.

　　At present, China’s takeaway market is still a "two-world" situation. After being "born" in 2008 and acquiring Baidu takeaway in August 2017, Ele.me’s market share once reached 54%, making it a well-deserved takeaway giant.

　　But starting in the second half of 2018, Ele.me was gradually overtaken by Meituan. In July 2020, its market share fell below 30%, and further fell to about 25% in the first half of 2021; in 2022, according to the 2022 Meituan and its industrial chain research report, Meituan’s market share in the takeaway field may approach 70%, its revenue is three times that of Ele.me, and it has an early advantage in the lower-tier market.

　　Although the two leaders have occupied more than 90% of the market share, there are still many rich and powerful players eyeing the position of the second child. In June, JD.com Retail CEO Xin Lijun confirmed in an interview that the company has considered entering the takeaway business; recently, Douyin has also begun to test the group buying home business. After users place an order in the catering live stream, they can ask the merchant to deliver it to their home. Earlier, SF Express incubated the group meal platform "Fengshi" in 2020.

　　Although there is no head-to-head confrontation, the future that can be met may usher in changes. Zhou Di pointed out that during this time, the economic operation has been greatly affected by the epidemic, and many catering companies have lost confidence in operating. At the same time, many Internet Tech Giants have flooded into the catering track. It has caused great pressure on Ele.me. In this case, Ele.me needs a mass traffic event to arouse everyone’s attention and re-raise the heat.

　　After Ele.me, JD.com and Meituan are also eager to try. The former launched the "Grab Free Orders, Not Alone" activity on July 28, in a format highly similar to "Free Orders for 1 Minute". Users have the opportunity to get free orders when they place an order at a specified time after guessing the puzzle; the latter started on July 31, and users place three orders randomly free of one order.

　　"This is reminiscent of Didi and Kuaidi’s online car-hailing subsidy war a few years ago. This kind of platform subsidy requires huge investment, but it is often very effective. It is an effective means to quickly acquire users and occupy the market," Gao Zelong told Hexun Finance.

　　"This is just one of the many factors for the success of the platform," Gao Zelong also said. What is the key to the long-term retention of users of the food delivery platform? In his opinion, whether it is Ele.me or JD.com, Meituan, to achieve ultimate success, it needs to solve thousands of problems, which is extremely difficult and complex.

A few days ago, at the 9th China Entrepreneur Development Annual Conference, Cao Dewang, chairperson of Fuyao Glass Group, talked about the crisis of Hengda, saying that Xu Jiayin 3.90 billion of his own capital in total, and actually loans can reach two trillion.

When referring to Evergrande’s current problems, Cao Dewang pointed out that the main reason for Evergrande’s collapse may be problems with its own investment decisions. "When we were studying abroad, there may be some punctuation marks that we didn’t see, didn’t learn well, and didn’t express clearly enough, so this kind of thing happened."

Cao Dewang also said that for the development of a company, it must have its own bottom line. "Don’t be greedy, but take it step by step. If you want to dig other people’s hearts, you should worry about whether your heart will be dug away." The correct and reasonable approach is to take it step by step, accumulate slowly, create dividends or wait for the market to give dividends, rather than relying on speculation and blind gambling.

In the past, Evergrande’s ambition in the automotive industry was very large, and it even felt like a gamble. Regarding the six new energy vehicles released by Evergrande in one go, Cao Dewang commented: "This is done by rich people like Xu Jiayin. If it is completely subsidized, it will be waiting for death."

At the 12th Auto Blue Book Forum last year, Cao Dewang once proposed that entrepreneurs should have three major responsibilities. The country is strong because of you, the society is advanced because of you, and the people are prosperous because of you. This is what an entrepreneur needs to do. If you can’t do it, don’t think about making money. "I have money and I want to save society!"

"The most successful approach is to adhere to the ancestral motto of respecting heaven and loving others. This is what Mr. Wang Yangming said, that is, we must adhere to this principle." Cao Dewang said this is the basic principle he has adhered to throughout his years of entrepreneurship and development.

However, Xu Jiayin seems to have abandoned some basic principles in the development of Evergrande. At present, the entire Evergrande group is not developing well, but Xu Jiayin is indeed an economically minded businessperson. From the very beginning of the high-profile announcement of entering the automotive field, Xu Jiayin saw the opportunity of the new energy automobile industry and the potential huge golden mountain behind it, but he ignored the basic laws and laws of this industry.

In just two years, Evergrande has gone from "buying" a lot of auto parts suppliers to build its own cars, to threatening to become the world’s largest new energy vehicle group, to now planning to sell its electric vehicle stake. It has only been a year or so since the first release of six new models of Hengchi at the same time, and now it has failed in the car business.

This is indeed a bit ironic for Xu Jiayin, a very shrewd and successful business tycoon. The most obvious manifestation of this irony is the stock price.

Hong Kong shares of China Hengda fell to HK $1.60, continue to brush the historical low, the Hong Kong Stock Exchange shows that from December 6th to December 9th, Xu Jiayin continued to be forced to sell about 277.80 million shares of China Hengda. And Hengda Automobile recently the largest decline of more than 22%, other Hengda also continued to decline, Hengda property is down 13.21%, China Hengda fell 6.98%.

Freezing three feet is not a day’s cold. In the eyes of many industry insiders, the reason why Hengda Group and Hengda Automobile exploded and went to today’s situation is because the landmines have long been planted. Evergrande’s current crisis is most directly reflected in financial issues.

According to China Evergrande’s financial report, in 2020 Evergrande Group’s revenue 507.25 billion yuan, after-tax profit 31.40 billion yuan, down 6.4% year-on-year. In the first half of this year, the company’s revenue was 2226.9 billion yuan, down 16.48% year-on-year; after-tax profit 10.50 billion yuan, down 28.87% year-on-year. As of June this year, Evergrande’s total assets 2.38 trillion yuan, total liabilities reached 1.97 trillion yuan, and the debt ratio exceeded 80%.

Among them, Hengda Automobile, which has high hopes, posted a net loss of 7.74 billion yuan in 2020, an increase of 55% year-on-year, while the company’s loss expanded to 4.82 billion yuan in the first half of this year, nearly doubling. As of the first half of the year, Hengda Automobile’s cash and cash equivalents were about 9.577 billion yuan, restricted cash reached 2.936 billion yuan, total liabilities reached 153 billion yuan, and the debt ratio exceeded 90%.

Evergrande’s continued losses have become a hot potato for the group; and Evergrande’s current high debt has seriously hindered Evergrande’s investment in new cars. The two continue to fall into a vicious circle, and the root cause is the lack of money. Ironically, Evergrande is currently struggling due to the break of the capital chain, but thinking back then, not short of money is precisely the embodiment of the greatest advantage of this new car-making force that is generally regarded by the outside world.

　　Writing | Willem

　　Editor | Mori Miao

　　Tao Huabi, founder of Laoganma, once said: The company can never go public because it has sufficient cash and does not do that deceptive thing.

　　For many self-made food companies that have been cultivating the market for many years, stable revenue and profits and sufficient cash reserves make them not have to worry about financing, but can proudly refuse olive branches from the outside world. But this situation is slowly changing. As the food fast-moving consumer goods industry enters a new stage, competition among enterprises is becoming increasingly fierce, and more and more companies are beginning to put aside their stubbornness in the past. Even Wahaha, who was in the "non-listing alliance" at the beginning, has changed his insistence for many years, believing that "after going public, it can accelerate the development of enterprises". As Wahaha’s opponent for many years, Nongfu Spring, the largest drinking water producer in China, has also been reported recently. It is said that the company plans to IPO in Hong Kong with a financing scale of more than 1 billion US dollars, and it will be carried out as early as the first half of next year. Regarding the rumor, the relevant person in charge of Nongfu Spring said in an interview with the media that he would not comment on the news. This ambiguous answer made capital markets imagine infinitely. You know, when Nongfu Spring was reported to have an IPO two years ago, the founder Zhong Xuanxian responded very firmly: the company does not need to go public. Two years have made Nongfu Spring’s attitude change a lot, and looking at the entire food fast-moving consumer goods industry, more companies have rushed ashore in the past two years, trying to seize the final trend in the IPO tide.

　　"Resolutely not listed" bottled water faucet, according to public information, Nongfu Spring was established in September 1996 and is headquartered in Hangzhou, Zhejiang. It is a holding company of Yangshengtang. At that time, the advertisement "Nongfu Spring is a little sweet" helped it quickly occupy the market. In addition to our common drinking natural water, Nongfu Spring’s main business also includes the research and development and sales of various soft drinks such as fruit and vegetable juice drinks and tea drinks. At present, Nongfu Spring distributes its products to all parts of the country by building large-scale production and nationwide marketing networks in water sources such as Qiandao Lake in Zhejiang and Danjiangkou in Hubei.

　　(The picture comes from the official website of Nongfu Spring) Looking back on the development history of Nongfu Spring, the company has come a long way. In 2000, Nongfu Spring’s products switched from pure water to natural water, which made it successfully squeezed into the top three in the market. In 2007, Nongfu Spring began to advocate consumers to drink weakly alkaline water, which once again caused shock in the industry. In 2011, Nongfu Spring surpassed Master Kong to become the first in the packaged drinking water industry. According to data analytics company Nielsen, Nongfu Spring ranked first in the industry with a market share of 26.5% in 2018, followed by China Resources Yibao and Centennial Mountain with a market share of 21.3% and 10.1% respectively. Wahaha and Master Kang have long since withdrawn from the top three in the industry. For a long time, Nongfu Spring has been very low-key in the business world, and its founder Zhong Shansui is known for his mystery, which is called an invisible rich man by the capital circle. Because the company insists on not listing or financing all year round, its financial data has always been a mystery. However, according to the "2018 Zhejiang Business National Top 500 List" released by Zhejiang Business Magazine, Nongfu Spring’s revenue in 2017 reached 16.25 billion yuan, an increase of 8.3% year-on-year. In the three years from 2014 to 2016, Nongfu Spring’s revenue was 9.09 billion yuan, 12.60 billion yuan and 15 billion yuan respectively. In June this year, Yangshengtang Holdings’ Wantai Biological updated its prospectus and also revealed some of Nongfu Spring’s financial data. According to the prospectus of Wantai Bio, Nongfu Spring’s total assets in 2018 were 20.07 billion yuan, net assets were 14.411 billion yuan, net profit was 3.61 billion yuan, and the debt-to-equity ratio was 28.2%. With a low debt ratio and high net profit, Nongfu Spring was also called "selling water and milking milk" by capital markets, which is why Nongfu Spring was able to shout the slogan "not listed". However, the rumors from the outside world are not groundless. In fact, as early as ten years ago, Nongfu Spring tried to sprint the class A share IPO, and then entered a long tutoring period. In May 2008, Nongfu Spring and CITIC Securities (600030, stock bar) signed the "Initial Public Offering Stock Tutoring Work Agreement". From May to December 2008, Nongfu Spring received listing counseling, which included communication between CITIC Securities and Nongfu Spring management.Assist Nongfu Spring in sorting out specific development goals and ways to achieve them. However, at the beginning of this year, the "CITIC Securities joint stock company report on the termination of Nongfu Spring joint stock company counseling" issued by the Zhejiang Regulatory Bureau of the China Securities Supervision Commission shows that Nongfu Spring has undergone ten years of listing counseling by CITIC Securities and terminated in December 2018. As to why Nongfu Spring terminated the ten-year listing counseling, Nongfu Spring said to the outside world that the company has no plans to go public, and does not need to use the power of capital markets, so it terminates the listing counseling. "Nongfu Spring started to participate in counseling ten years ago, and every time it has to report, so far it is a routine counseling. The company currently has abundant cash flow and has no listing plan," the company’s board secretary said.

　　According to the official website of Nongfu Spring, the company produces and operates dozens of products in four major series, including drinking water, fruit and vegetable juice drinks, functional drinks, and tea drinks. In addition to the familiar packaged drinking water brand Nongfu Spring, well-known brands in the market such as Nongfu Orchard, Scream, Water Soluble C100, and Oriental Leaves are also under its umbrella. Although it has not been active in listing, Nongfu Spring has been active in promoting new products and expanding its business. As a leader in China’s bottled water industry, Nongfu Spring has been actively expanding and investing more. In May 2010, Nongfu Spring invested at least 300 million yuan and signed a 10-year plan with Jiande City to build the Nongfu Spring factory project, saying that within ten years, Nongfu Spring will build 1.50 billion yuan in fixed assets in Jiande. In 2014, Nongfu Spring invested 1 billion yuan to establish the Emei Mountain factory, and then invested 500 million yuan to reach an agreement with the Jiangkou County Government to build a mineral water plant in Qindongping Town, Taiping Town, at the foot of Fanjing Mountain. In 2015, the Changbai Mountain (603099, stock bar) Fusong factory was fully put into use, officially entering the high-end water market, and launched Nongfu Spring glass bottle mineral water, natural drinking water suitable for infants and young children, and natural mineral water suitable for students. In August 2016, the fourth phase of the Nongfu Spring Jiande City project started with a total investment of more than 1 billion yuan. In October of the same year, the company invested 1.20 billion yuan to build its seventh factory in Zhejiang. At the end of 2016, Nongfu Spring Gannan Xinfeng County Navel Orange Factory was completed and put into operation, with a total investment of 680 million yuan.

　　(Nongfu Spring Jiande Base) In addition, in order to achieve upgrades, Nongfu Spring has also increased investment in technological product innovation. Among them, the parent company Yangshengtang invests more than 1 billion annually in this regard, which is also the reason why Nongfu Spring has continuously launched new products in addition to natural drinking water. Especially in 2019, in order to open up new growth points, Nongfu Spring began to accelerate its expansion into market segments, and successively launched the ready-to-drink coffee brand "Charcoal", the middle-aged and elderly beverage "Lithium Water", and the low-temperature juice "NFC Juice". It is not difficult to imagine that with the rapid expansion of Nongfu Spring, the demand for funds will inevitably increase gradually. Although the company currently has a good cash flow, it is natural to open up new funding channels if it wants to be more comfortable in the development of new projects. In fact, the growth rate of Nongfu Spring’s revenue has been slowing down year by year. In the "2018 Zhejiang Top 500 List", Nongfu Spring’s revenue in 2017 was 16.25 billion yuan, an increase of 8.3% year-on-year. In 2015 and 2016, its revenue growth rate was around 20%. On the other hand, the competition in the domestic bottled water market is also becoming more and more brutal. After Nongfu Spring, there are five major brands such as China Resources Yibao, Master Kang, Hundred Years Mountain, Wahaha, and Binglu. The competition among oligarchs is intensifying. Nongfu Spring cannot be said to be without pressure. In this context, listing has become an option worth considering for Nongfu Spring, which can give it more ammunition in the ever-changing capital markets and face increasingly powerful opponents more calmly. In this regard, Zhu Danpeng, a Chinese food industry analyst, once said that the listing of Nongfu Spring, whether from the capital chain, corporate goodwill, or from the development of multi-brand, multi-category, multi-channel, multi-consumption scenarios, multi-consumer groups, and the development trend of fast-moving consumer goods, has certain advantages and help. Xu Xiongjun, a strategic positioning expert, also believes that "although Nongfu Spring operates in many aspects, it still needs to carry out multi-brand layout to enhance the scale. The most direct way is to achieve rapid expansion through capital operation and reduce the chance of making mistakes. "

　　In fact, the entire food industry has entered a big year of listing in 2019, and many food companies have joined the IPO team. According to incomplete statistics from Node Finance (ID: jiedian2018), many leading food companies have "caught up with the tide" in 2019. Among them are West Wheat Food (002956, stock bar), which is mainly engaged in the production of oat food, Youyou Food (603697, stock bar), which is known as "the first stock of chicken feet", Tianwei Food (603317, stock bar), which specializes in hot pot seasoning, Three Squirrels (300783, stock bar), which started with dried fruits and casual snacks, Liangpin Shop, and New Dairy (002946, stock bar), Plum Garden, Feihe and other dairy companies. After that, there are Ganyuan Food, which specializes in processing beans and nuts, Zhancui Food, a cartoon snack foundry of Peppa Pig, Dongpeng Special Drinks, Huawen Food, the main company of "Jinzai", and Yoyo Orchard, which produces "Yoyo Plum".

　　Combing through the list of food companies with IPOs this year, it is not difficult to find that these companies can be roughly divided into three categories, one is the snack companies represented by Three Squirrels and Yoyo Orchard; the other is the dairy companies represented by Plum Garden and Feihe Dairy; the third is the condiment companies represented by Tianwei Food and Zhongjing Food. First, the listing of leisure snack companies has become the focus of the food industry this year. With the centralized listing of Three Squirrels, Yanjin Shop (002847, stock bar) and other companies, the road to upgrading of the leisure snack industry has officially opened, especially in the context of omni-channel has become the consensus of the industry, the willingness of leisure snack companies to impact the IPO has become more intense. Secondly, 2019 is also a key year for domestic dairy companies to intensively impact the capital markets. On January 25, the new dairy industry, which has rapidly expanded through the integration of regional dairy companies, was listed on the Shenzhen Stock Exchange; on November 13, Feihe Dairy, which has been established for nearly 60 years, also sounded the bell for listing on the Hong Kong Stock Exchange. In addition, regional dairy companies such as Junyao Dairy, Huahua Niu, and Red Star Meiling are also actively promoting IPOs. In addition, the capital markets are also quite favorable to the condiment industry. In addition to Tianwei Food’s successful listing on the Shanghai Stock Exchange in April this year, many condiment companies have also rushed to A-shares and Hong Kong stocks. Moreover, with the opening of the domestic salt industry, many salt companies represented by Hunan Salt Industry (600929, stock bar), Shandong Salt Industry, and Jiangxi Salt Industry have also joined the IPO team. It is worth mentioning that in addition to brand manufacturers, food foundries have also become new members of the IPO army, among which Zhancui Food, which was established in 1996, is the most concerned. This factory that processes candy and chocolate for brands such as Peppa Pig, Minions, and Frozen, also decided to hit the capital markets. The food industry is the industry that is most in contact with people’s daily lives and is the most vulnerable to attention. Under the pursuit of capital, Haitian Flavor Industry (603288, stock bar), Fuling mustard (002507, stock bar) and other sub-enterprises have become large-market companies. Among them, the total market value of Haitian flavor industry has reached about 300 billion yuan, which will undoubtedly be a huge stimulus for Nongfu Spring or other food companies.

　　Many factors have contributed to the boom in capital markets. Behind the listing of many food companies, on the one hand, it is the favorable policy environment, and on the other hand, it is the pressure of the entire market environment and the company’s own operation. First of all, from the policy perspective, in 2017, 7 food companies went public smoothly. However, in 2018, under the situation of stricter review by the Issuance Examination Committee, Hairong Food, Dexing Food and other companies have suspended the review, and no one has attended the meeting throughout the year. In May 2019, at the annual meeting of the China Listed Companies Association, Yi Huiman, chairperson of the Securities Supervision Commission, said in response to the issue of IPO listing of enterprises that more outstanding enterprises from all walks of life will be attracted to list and continue to maintain the normality of IPO. The food industry, as an industry related to people’s livelihood, has naturally ushered in the upsurge of capital markets; as of the end of August this year, six companies have successfully obtained the approval of the Securities Supervision Commission.

　　Secondly, the listing of food companies at this time is also due to the critical period in the current food industry. According to the data of iiMedia Consulting in 2018, the retail sales of various sub-segments of the fast-moving consumer goods industry in our country continued to grow. Among them, grain, oil and food increased by 10.2% year-on-year, beverage increased by 9.0% year-on-year, tobacco and alcohol increased by 7.4% year-on-year, and daily necessities increased by 13.7% year-on-year. However, with the overall growth of the industry, the competition among enterprises is getting bigger and bigger. Taking the beverage industry where Nongfu Spring is located as an example, the data of the China Commercial Industry Research Institute shows that as of the end of May 2018, the number of enterprises in the beverage manufacturing industry in our country reached 6717, of which 881 were loss-making enterprises, with a total loss of 3.82 billion yuan, a year-on-year decrease of 4.7%. In this critical period of the industry, almost all food companies are facing a life-and-death test. Surviving it means that they can achieve rapid development, otherwise, they are very likely to be eliminated by the market. And because the entry threshold of the food industry is relatively low, and there are many companies participating, capital and management have become the key to victory. In recent years, fast-moving consumer goods have fallen to the bottom, and almost all companies have begun to worry about cash flow, and some of their shortcomings have also been exposed due to financial problems. At present, many food companies have problems such as single products, categories, channels, scenarios, and consumer groups, which brings great risks to business operations. Listing can not only solve financing problems, but also solve some management problems, and also facilitate the rapid expansion of enterprises. On the day of Zhou Hei Duck’s listing, the official flagship store sold a total of 1.25 million boxes of goods. On the same day, the stock price rose by 13% to the close. It can be seen that in the domestic class A share listing, in addition to bringing sufficient capital transfusion, enterprises can also obtain a rapid increase in brand influence and a sharp rise in market value and valuation. Therefore, no matter how tight-lipped food companies like Nongfu Spring or Wahaha are, in the context of consumption upgrades and increasingly fierce platform competition, going public will become their next priority.

This article was first published on WeChat official account: Node Finance. The content of the article belongs to the author’s personal opinion and does not represent the position of Hexun.com. Investors operate accordingly, and please bear the risk.

　　CCTV News:From November 1st, a batch of new regulations will be officially implemented, including: ① online car-hailing leaks passenger privacy can be fined 10,000 yuan; ② cruise taxi refusal, detour and other maximum fines of 2,000 yuan; ③ our country’s first civil protective masks The national standard is implemented, and the filtered air must be good or better; ④ The basic scientific research business fee of central universities shall not purchase more than 400,000 instruments; ⑤ Shandong: the strictest environmental protection regulations The maximum penalty for excessive emissions is 1 million. Come and see what else is relevant to you???

　　Online car-hailing is included in supervision, and the maximum penalty for leaking passenger privacy is 10,000 yuan

　　The Interim Measures for the Administration of Online Booking Taxi Business Services came into force on November 1, 2016. The Interim Measures cover online ride-hailing platform companies, online ride-hailing vehicles and drivers, online ride-hailing business behavior, supervision and inspection, legal liability and other aspects. Provisions are made for drivers engaged in online ride-hailing services: having more than 3 years of driving experience; no traffic accident crime, dangerous driving crime record, no drug use record, no driving record after drinking, no record of 12 points in the last 3 consecutive scoring cycles; no violent crime record.

　　Online ride-hailing platform companies and online ride-hailing drivers who illegally use or disclose the personal information of ride-hailing people and passengers shall be fined not less than 2,000 yuan but not more than 10,000 yuan by the public security, online information and other departments in accordance with their respective duties. Those suspected of committing a crime shall be investigated for criminal responsibility according to law.

　　Cruising taxis refuse to take, detour, etc. with a maximum fine of 2,000 yuan

　　The decision of the Ministry of Transport on amending the "Regulations on the Administration of Taxi Business Services" will come into force on November 1, 2016. The name of the regulations is revised from the "Regulations on the Administration of Taxi Business Services" to "Regulations on the Administration of Cruise Taxi Business Services".

　　The original statement in the regulations that "taxis should adapt to the economic and social development of cities, develop in harmony with public transportation and other passenger service methods, and meet the personalized travel needs of the people" was changed in the new regulations to "taxis are supplements to urban public transportation and provide personalized transportation services for the public. Priority is given to the development of urban public transportation, and appropriate development of taxis."

　　The fines for refusing to load, bargaining, dumping, detouring, and failing to issue bills as required have been increased from the original fines of 50 yuan and 200 yuan to 200 yuan and 2,000 yuan.

　　Our country’s first national standard for civilian protective masks is implemented, and the filtered air must be above good

　　The national standard "Technical Specifications for Daily Protective Masks" was officially implemented on November 1. This is the first national standard for civilian protective masks in our country, but the standard clearly states "not suitable for children’s masks". The protective effect is the core indicator of the standard. The protective effect level is divided into four levels from low to high: D level, C level, B level, A level, and the corresponding use environment is as follows:

　　Class D is suitable for moderate (PM2.5 concentration ≤ 150 μg/m3) and below pollution.

　　Class C is suitable for severe pollution (PM2.5 concentration ≤ 250 μg/m3) and below.

　　Class B is suitable for severe pollution (PM2.5 concentration ≤ 350 micrograms/cubic meter).

　　Class A is used when PM2.5 concentrations reach 500 micrograms per cubic meter.

　　Wearing a mask reasonably according to the standard requirements can reduce the inhaled PM2.5 concentration to less than 75 micrograms per cubic meter, so that the inhaled air quality in the body can reach a good level or above.

The standard also requires that the mask should be able to protect the mouth and nose safely and firmly, and the field of vision under the mask should not be lower than 60 degrees.

　　Beijing-Tianjin-Hebei heavy pollution weather warning classification implementation unified standard

　　Beijing-Tianjin-Hebei region heavy pollution weather warning classification standards have been unified. On the basis of the unification of the six cities in the core area in early 2016, the implementation scope will be expanded to cities above the prefectural level of Beijing-Tianjin-Hebei and cities in Henan Province and Shandong Province transmission channel. All localities will implement a unified early warning classification standard before the end of October to achieve a unified response to heavy pollution weather in the region.

　　Shandong: the strictest environmental regulations exceed the maximum penalty for emissions 1 million

　　The "Regulations on the Prevention and Control of Air Pollution in Shandong Province" came into effect on November 1, 2016. The regulations stipulate 12 supervision and management systems, including the implementation of staggered production, the establishment of a joint prevention and control mechanism, pollution source control, total air pollutant control, emergency warning for heavily polluted weather, interviews and suspension of approval, and listing supervision of major cases and outstanding problems.

　　Those who exceed the emission standards of air pollutants or exceed the total amount control indicators of key air pollutants and discharge air pollutants shall be ordered by the environmental protection department of the people’s government at or above the county level to make corrections or restrict production, stop production for rectification, and impose a fine of not less than 100,000 yuan but not more than 1 million yuan. In the prohibited area, barbecue tools and illegal income shall be confiscated, and a fine of not less than 2,000 yuan but not more than 20,000 yuan shall be imposed on the unit, and a fine of not less than 500 yuan but not more than 1,000 yuan shall be imposed on the individual.

　　"Special fares" are expected to increase

　　The "Notice on Deepening Issues Concerning the Reform of Domestic Air Passenger Transport Fares" came into effect on November 1. The notice stipulates that the fares of routes below 800 kilometers and some routes above 800 kilometers will be determined by airlines according to law, which means that the majority of passengers will usher in more and more "special tickets".

　　Health and Family Planning Commission: Encourage medical personnel and others to take the initiative to report medical quality adverse events

　　The "Measures for the Management of Medical Quality" issued by the National Health and Family Planning Commission came into effect on November 1. The measures clarify that the medical quality management shall implement a two-level responsibility system of hospitals and departments. The main person in charge of a medical institution is the first responsible person for the medical quality management of the institution; the main person in charge of clinical departments and departments of pharmacy, nursing, medical technology and other departments is the first responsible person for the medical quality management of the department. The measures require that a medical safety and risk management system be established in medical institutions. Encourage medical institutions and medical personnel to take the initiative to report medical quality (safety) adverse events, and promote information sharing and continuous improvement.

　　The basic scientific research business expenses of central universities shall not purchase more than 400,000 instruments

　　The "Measures for the Administration of Basic Scientific Research Business Fees in Central Universities" came into force on November 1, 2016. The "Measures" stipulate that basic scientific research business fees shall not be used to spend salaries, bonuses, subsidies and welfare expenses of personnel with salary income; shall not purchase large-scale instruments and equipment of more than 400,000 yuan; shall not share the public management and operation costs of schools; shall not be used as supporting funds for other projects; shall not be used for loan repayment, payment of fines, donations, sponsorship, investment and other expenditures; nor shall they be used for other expenditures that shall not be listed in accordance with state regulations.

　　Companies that falsely issue motor vehicle sales invoices will be placed on the "blacklist"

　　The "Announcement on the Implementation of the Publicity System for the List of Motor Vehicle Enterprises that Illegally Issue Unified Invoices for Motor Vehicle Sales" issued by the State Administration of Taxation came into effect on November 1, 2016. Motor vehicle enterprises will be included in the "blacklist" if the following three situations occur:

　　(1) Failure to issue invoices for all the prices and extra-price expenses charged for the actual sale of motor vehicles more than twice (including twice) or the circumstances are serious;

　　(2) Selling the same motor vehicle while issuing a unified invoice for motor vehicle sales at a low price in violation of regulations, and then issuing other VAT invoices resulting in underpayment of vehicle purchase tax more than 2 times (including 2 times) or serious circumstances;

　　(3) Other violations of invoice management regulations resulting in underpayment of vehicle purchase tax more than 2 times (including 2 times) or serious circumstances.

　　It is more convenient to issue VAT invoices on behalf of others

　　The State Administration of Taxation issued the "Announcement on the Process for Taxpayers to Apply for the Issuance of VAT Invoices", which will simplify the filling of invoice information and clarify the application process since November 15, 2016. It will be more convenient for taxpayers (except for real estate obtained from sales and other personal rental real estate businesses) to issue invoices on their behalf.

　　Standardized implementation of personnel file management services for mobile personnel

　　On October 25, the Ministry of Human Resources and Social Security introduced at the third quarter press conference that three national standards, including personnel file management service specification for mobile personnel, human resource training service specification, and human resource planning service specification, were officially implemented on November 1 this year.

　　Chongqing: Implementing the Measures for the Implementation of Chongqing Residence Permit

　　From November 1st, the "Measures for the Implementation of Residence Permits in Chongqing" came into effect. As long as you have lived in Chongqing and registered for temporary residence for half a year, and have one of the conditions for legal and stable employment, legal and stable residence, and continuous study, you can apply for a residence permit with your ID card, 2 1-inch color registration photos, address of your place of residence, employment or study certificate, and "Registration Form for Application for Residence Permit".

　　Shenzhen: Lowering the threshold for applying for a residence permit

　　The new "Shenzhen Residence Registration and Residence Permit Processing Regulations" will be implemented on November 1, 2016. The "New Residence Permit Regulations" state that those who have already registered in Shenzhen and have a full-time college degree or above can directly apply for a residence permit. Previously, non-Shenzhen household registration personnel who need to apply for a residence permit need to apply for a residence registration for 12 consecutive months, and social security for 12 consecutive months.

1905 movie network news The movie starring the screenwriter, director,,, and lead is currently being screened. At present, the cumulative box office is nearly 100 million yuan, and it has won the box office crown for 4 consecutive days, earning a word-of-mouth score of 9.4 points. Since the release of the movie, the emotion of Lao Luo and Chi Rabbit accompanying each other and paying tribute to the golden age of Hong Kong action movies have been loved by many people.

After 60 years in the industry, Jackie Chan has left behind countless classic movies, accompanying generation after generation to grow up, and director Yang Zi, as a fan, has also integrated these works into the movie,… These small thoughts have also been discovered by the big brother’s fans, and finding Easter eggs has become a unique pleasure for everyone when watching movies. "From watching big brother’s movies in primary school to becoming a social animal, I like the footage of past works interspersed in the film, which makes people reminisce about the time when they held the disc and didn’t let go."

Jackie Chan’s 60-year film life is a microcosm, with tribute details everywhere

Audience: A movie ticket takes youth back to the past

After watching the movie, many viewers were killed by the easter eggs buried by director Yang Zi. "A movie ticket brings youth to wander back to the past, and every picture has endless memories." At the beginning of the movie, Lao Luo saw a figure hanging a doll in the shape of a clock, which is exactly the same; the shape of an Indian who takes pictures on the street with Red Rabbit to make a living is from; the shape of wearing a leather jacket and goggles is the same; the shape of wearing a blue leather jacket on the set is the same; the action design of turning a hat in front of Xiao Bao is from "Miracle"; when avoiding debt collection, the shot of jumping from the second floor to the first floor awning and then falling to the ground replicates the scene; the group of singing children he encountered during the escape is a tribute…

According to audience statistics, the film paid tribute to at least 20 works of Jackie Chan’s eldest brother, and his feelings were overflowing, "not only about Lao Luo, but also about Jackie Chan’s 60-year film life. When those clips that worked hard with his blood, sweat and tears were displayed in the movie, I was really touched."

Tribute clip Watching crying action movie fans "choked up and cried several times"

Audience: Time does not take away one’s strength and love.

In the movie, Xiaobao saw the dangerous actions that Lao Luo did when he was young on the USB flash drive, and he shed tears because of his pain. This scene also made many viewers in front of the screen red, "These scenes are all clips of Jackie Chan’s past and beat-the-scene. As an action movie fan, I choked up and cried several times."In the movie, Lao Luo, even though the action scenes are difficult, difficult, and dangerous, his pursuit of ideals and beliefs has never given up.

Jackie Chan is the same, even though his hands and feet are broken and scarred, in the face of dangerous actions that risk his life, he still insists on shooting, jumping from heights again and again. Because of this, many fans call this film "Big Brother’s semi-autobiographical film". Seeing that Big Brother is still on the set at the age of 69, he can’t help but sigh, "From the beginning of the double group performance to today’s international superstar, time cannot take away a person’s strength and love."

Xiao Ai, Tmall Genie, 9420, are you familiar with these summoning names? Smart speakers have become popular in recent years and have begun to enter thousands of households. This kind of speaker that allows users to control with voice commands is sometimes very convenient. Users only need to make a voice call to let them play songs, control smart appliances, have conversations, and ask questions.

There are many ordinary smart speakers, so let’s take a look at a smart speaker with a screen. Let’s take a look at the advantages of a smart speaker with a screen compared to a smart speaker without a screen. This time we want to invite the "Xiaodu Home" smart video speaker jointly produced by Baidu and Xiaoyu Home.

Figure 1 Xiaodu smart speaker at home

Xiaodu has a 10W high fidelity sound unit and a 6-microphone array omnidirectional high fidelity audio capture at home. Compared with other smart speakers, Xiaodu’s biggest feature at home is a 7-inch touch screen and a 500W pixel camera.

Xiaodu’s main operation experience at home, in addition to being able to touch

When you get Xiaodu at home, turn it on for the first time, just like other Internet speakers, you need to perform networking operations first. Xiaodu can directly use the touch screen for Wifi networking operations at home. After networking, it provides the associated QR code for the user’s mobile APP Xiaodu to bind at home. After that, you can also associate the user’s Baidu account.

The summoning word of the Xiaodu speaker is "Xiaodu Xiaodu". Users can switch it to "small fish" in the settings of Xiaodu at home, but they still cannot customize other summoning words. Many operations can be carried out by voice. In addition to using voice to control, the touchscreen is also a convenient way for users to control. The clarity of this touchscreen is still good.

The upper right corner of the screen displays the time and weather forecast and air quality, the upper left corner has three shortcut buttons (skills, content square, dial), and the lower left corner is the shortcut button to summon Xiaodu’s automatic speech recognition at home. After pressing it, the user does not need to say the "Xiaodu Xiaodu" summon word in advance, just say the command. In the default settings, Xiaodu will automatically perform four-screen switching (time weather, shortcut call, skill prompt, content recommendation) when in standby at home.

The drop-down screen can activate the shortcut menu, where you can quickly switch on and off some functions, or adjust the volume to quickly turn off the music.

The screen wallpaper can be customized, and there is a carousel function, which means that users can also use Xiaodu at home as an electronic album. Users can upload photos to Baidu at home albums in the Xiaodu at home APP and let them be automatically displayed on the screen. In addition, it also supports the function of directly opening Baidu network disk to view pictures.

Figure 2 Xiaodu’s standby screen at home (please forgive the lack of low-level photography technology and photography equipment, the same as below) Xiaodu’s screen display effect at home is still good.

Figure 3 Drop-down menu

Xiaodu also has a theme mode at home, and currently users can use the themes of "Fresh Time, Night Reading Time, Leisure Time, Holiday Beach". "Xiaodu Xiaodu, turn on Night Reading Time". After receiving the command, Xiaodu switches to this theme mode at home to display relevant animations and background music.

Picture 4 Night reading time

2 Q & A videos without pressure

100,000 why, Xiaodu can answer a lot of questions at home

Xiaodu has an advantage resource at home, that is, having Baidu’s encyclopedia resources, users can use it to quickly query encyclopedia knowledge. It is very suitable for children to ask 100,000 why.

Xiaodu Xiaodu, a photo of an elephant. Xiaodu operates at home: the screen displays a photo of an elephant.

Xiaodu Xiaodu, how to write the word "Zhang". Xiaodu operates at home: the screen displays the word Zhang, and the stroke order animation is displayed.

Xiaodu Xiaodu, why does the sun shine? Xiaodu operates at home: the screen displays relevant knowledge content and reads aloud.

Xiaodu Xiaodu, who is Jacky Cheung? Xiaodu operates at home: The screen displays the Jacky Cheung introduction video in the second understanding encyclopedia. After the video ends, the relevant information of Jacky Cheung is displayed.

Xiaodu Xiaodu, describe the solar system. Xiaodu operates at home: The screen displays relevant knowledge content and reads aloud.

Figure 5 shows the elephant photo

Figure 6 shows the stroke order animation

Xiaodu can speak and sing at home, and the lyrics are displayed synchronously. It’s really good

As a smart speaker, Xiaodu’s rap function at home is really not bad. After upgrading Xiaodu’s system at home to the latest version, you can link the QQ music account, so that the resources that can listen to songs become massive. As for video resources, Xiaodu calls iQIYI video and Haokan Video at home, among which iQIYI video can log in to the account, and iQIYI VIP users can skip advertisements. And the book review resources use resources from Himalayas, Dragonfly FM, and Koala FM.

In addition to telling Xiaodu what to watch and listen to at home, users can also enter Xiaodu’s content square at home to conduct content on demand. The content square contains content such as film and television, short videos, news, radio, music, children, games, and audio.

Figure 7: Content Square

For music content, after binding QQ Music, you can basically hear all the songs you want to listen to, and Xiaodu has a good function at home, which is to display the lyrics synchronously when playing songs.

Figure 8 can display lyrics synchronously

Xiaodu is very convenient to watch videos at home, and there is also live TV.

Compared to the smart speaker without a screen, Xiaodu can not only get resources to listen to at home, but also get resources to watch. Users can use Xiaodu to watch the resources in the iQIYI video at home, and when they are bored, they can let Xiaodu play funny videos at home. If you can play audio & video, that would be great.

When playing video content, the user can use the player control button to quickly switch the previous and next video, pause the video and collect the video, and voice command to fast forward and rewind for how many minutes. Support the user’s familiar left swipe setting brightness and right swipe setting volume function.

Figure 9 Playing video content

Figure 10: Broadcasting a radio drama

For video content, users can use small degree at home will be projected to the TV, small degree at home currently supports DLNA function, can be projected to iQIYI TV fruit under the same network, but also supports most smart TV DLNA projection function.

In addition to these, Xiaodu also supports live TV at home, allowing users to watch TV. Xiaodu also has online radio at home, making it convenient for users to listen to radio stations.

Figure 11 Live TV function

3 Video conversations for all ages

Convenient for the elderly and children, video dialogue function

There is a prominent dial button in the upper left corner of Xiaodu’s standby screen at home. After clicking, you can enter the dial interface and directly video call the set contact. If the other party Xiaodu’s home APP is online, you can have a video conversation after connecting. This function is a very good function for children or the elderly at home. Two Xiaodu can also video call between homes.

Figure 12 Video conversation

In addition, Xiaodu also supports direct calling at home, but this function is not free and requires users to recharge before using it.

Figure 13 Normal dial

With this camera, users can also view the content in front of the camera with their mobile phone in real time. Users only need to enter the home interaction of the Xiaodu Home APP to view the camera content in real time. When the user views, a reminder will pop up in Xiaodu’s home and play a prompt tone to remind the user that someone is viewing the camera. Users can also manually turn off the camera at Xiaodu’s home.

Figure 14 View the camera content in the Xiaodu Home APP

Figure 15 Small degree reminder at home

Xiaodu’s camera at home can also help users take pictures quickly. Users only need to use the voice command "Xiaodu Xiaodu takes pictures", and Xiaodu will take pictures after counting down 3 seconds at home.

In addition, Xiaodu also has a smart capture function at home, which can help users capture exciting content. Users can choose whether to turn on this function.

Figure 16 Intelligent capture function

Xiaodu can teach early at home, and the educational function is quite rich

For early childhood education, Xiaodu has prepared resources such as Baby Bus, Children’s Songs, Little Banlong School, Baby Know, Little Prince Storybook, and Addition and Multiplication for users at home.

Figure 17 Xiaobanlong School

For learning tools, Xiaodu has prepared functions such as Chinese-English translation, concise Japanese, Lele Academy, search banner dialogue to learn spoken language, search banner to learn words, learn ancient poems, and write stories together at home.

Figure 18 Chinese to English translation

Figure 19 Sentence translation function

Users can also directly let Xiaodu perform calculations. In addition to providing answers at home, Xiaodu also displays a calculator for users to perform quick calculations.

Figure 20 Calculation

Xiaodu at home, child protection function

In order to prevent children from using it for too long and being exposed to bad content, Xiaodu Home has prepared a child protection function for users. Users can enable this function in the Xiaodu Home APP. After opening, Xiaodu Online can display only the content of resources suitable for children, distance protection (to prevent children from being too close to the screen), and set usage time limits and search restrictions.

Figure 21 Child protection content

Xiaodu is at home, with built-in mini-games

Xiaodu has several built-in mini-games at home, such as backgammon, vocabulary paradise, guessing musical instruments, guessing animals, you sing and I guess, animal riddles, etc. However, you cannot install special games and other applications by yourself.

Figure 22 Built-in mini-game

Xiaodu’s resources at home are not all free, and some content needs to be paid for, such as Uncle Kai telling stories, looking at pictures to guess idioms, etc. The paid operation is also very simple, just scan the QR code, and support WeChat, Alipay, Baidu wallet payment.

Figure 23 Paid content

4 Training interaction is valuable

Train to make Xiaodu smarter at home

In the Xiaodu Secret Language of Xiaodu Home APP, users can add automatic speech recognition content for Xiaodu Home, and can also customize voice questions and answers. A special function of Xiaodu Home is that users can customize multiple questions to correspond to the same operation, and the corresponding operations can be broadcast, recording and instructions.

Figure 24 Small degree secret language

　　Figure 25 Operation after identification

Remote assistance, you can also control Xiaodu at home from a distance

Xiaodu also has a special skill at home, remote assistance. Users can use the Xiaodu at home APP to remotely control Xiaodu at home. This can help remotely restore when children or the elderly mess up the settings and don’t know how to restore them. Or if you want to see what the child is watching, you can also view it remotely. This is a great function. When entering and exiting the remote assistance, Xiaodu will have a voice prompt at home. It’s just that the image quality of this remote operation interface is a bit low. It is recommended that users can set the image quality according to their own network speed.

Figure 26 Xiaodu remote assistance at home

Family interaction, viewing photos is simple

In the home interactive channel of the Xiaodu Home APP, users can not only view the Xiaodu Home camera function in real time, but also view the smart capture content and the photo album content of Xiaodu at home.

Figure 27 Family interaction

Xiaodu is at home, what can it understand?

The most commonly used way to control AI speakers is to use voice commands, so can Xiaodu understand the user’s commands to perform operations at home? This is a test for Xiaodu at home. The test is affected by the environment and language, and the test results are for reference only and do not represent the final results in the testing environment.

Voice command: "XX share price"

Xiaodu operates at home: the screen displays XX stock price, telling the stock price + rise and fall + total market value.

Voice command: "Express inquiry".

Xiaodu operates at home: Open the courier inquiry, and the user can say the courier number for inquiry.

Voice command: "Good morning"

Xiaodu operates at home: broadcast the date, broadcast a quip, weather forecast, temperature, air quality, and play cheerful music.

Voice command: "What do cats (animals) call"

Xiaodu operates at home: play the dog’s barking + display the corresponding animal photo.

Voice command: "Music"

Xiaodu operates at home: play random music + display lyrics on the screen.

Voice command: "Play Jacky Cheung’s song"

Xiaodu at home operation: play Jacky Cheung’s song + broadcast song title singer + screen display lyrics.

Voice command: "Guzheng Music"

Xiaodu operates at home: play the ancient song

Voice command: "Play Leaving Sorrow"

Xiaodu operates at home: play Leren Sorrow + broadcast song title singer + screen display lyrics.

Voice command: "Change singer"

Xiaodu at home operation: changed a singer to play the sadness.

Voice command: "Do you want to eat?"

Xiaodu operates at home: Compared with eating, these divine songs fascinate me more. Quickly tell me Douyin Divine Comedy.

Voice command: "I’m hungry"

Xiaodu operates at home: Don’t go hungry, go and eat something.

Voice command: "What day is the lunar calendar today?"

Xiaodu operates at home: play the lunar date, and recommend hot spots.

Voice command: "Set the alarm at 18 o’clock"

Xiaodu operates at home: Set an alarm clock.

Voice command: "Set 1 minute countdown"

Xiaodu operates at home: the 1-minute timer starts, and the screen shows the countdown. The last 10 seconds are cool, and the music reminder is completed in time.

Voice command: "Turn off the screen"

Xiaodu at home operation: turn off the screen display.

Xiaodu is at home, some other functions

Xiaodu has Bluetooth function at home. When using Bluetooth to play songs, you can also use voice commands to perform previous and next operations.

After turning on the geek mode, you can start the continuous conversation function without having to start every command in small steps.

Xiaodu supports smart device control at home, and currently supports voice control functions of multiple smart devices.

Xiaodu is at home, some shortcomings and some suggestions from the editor

Let’s talk about the shortcomings of Xiaodu at home.

First: the accuracy rate of automatic speech recognition is far better than that of Tmall Genie. A special case is that after standing by for a long time or performing multiple operations, there will be either recognition errors or no response. These phenomena will be fine after shutdown and restart. The editor estimates that it is caused by insufficient memory. I hope the official will add the automatic memory cleaning function. The editor uses standard Mandarin.

Second: the Bluetooth playback mode of Xiaodu at home, connecting the mobile phone music to Xiaodu at home, I don’t know why it will be one card and one card (I don’t know if it is a separate phenomenon).

Third: Xiaodu doesn’t have a battery at home, so he has to drag a live tail behind him. When using it for children, you need to pay attention to safety.

Fourth: It is recommended that the indicator light turn on when the camera is working, rather than the current disabled camera.

Fifth: You can make a cool desktop with an animated version of the weather forecast, plus a temperature and humidity display.

summary

With a touch screen, Xiaodu’s smart speaker at home is indeed much more convenient, and it is really good to use the display screen to display more content on many content, especially encyclopedic content. Watchers with children at home can buy and play, use it to listen to stories and learn knowledge. It is a good tool.

　　Shanghai Pudong Development Silicon Valley Bank released the "Trends in capital markets in China’s healthcare industry – 2023 Annual Report"

　　This year, the "five major articles" of technology finance, green finance, inclusive finance, pension finance, and digital finance were officially included in the "Government Work Report", outlining a clear blueprint for the development of the financial industry. The health care industry is not only related to the well-being of the people, but also to the prosperity of the country as a whole. The pace of innovation and development is closely linked to the deep participation and precise support of finance.

　　Shanghai Pudong Development Silicon Valley Bank, as the first science and technology innovation bank in China to focus on the innovation economy, has released the "2023 Annual Report on Capital Markets Trends in China’s Healthcare Industry" (hereinafter referred to as the "Report") with years of experience in the medical and health industry. The report focuses on biopharmaceuticals, medical apparatus, diagnostics/tools, R & D and production outsourcing services, pharmaceutical services and other tracks, reviewing the development trajectory of China’s healthcare industry in 2023 from different dimensions such as investment, mergers and acquisitions and IPO, and looking forward to the development trend of 2024, aiming to provide entrepreneurs, investors and decision makers with comprehensive and in-depth insights to jointly explore the future development of the healthcare industry.

　　During the adjustment period of the medical and health industry, capital returns to rationality

　　2023 is undoubtedly a turning point year for Chinese life sciences and healthcare companies. SPD Silicon Valley Bank observed that after nearly two decades of rapid growth, the healthcare industry reached the peak of investment and financing in 2021. However, in the following years, the industry gradually entered a cyclical adjustment stage at the capital level, and both the number and amount of investment and financing declined. Despite this, starting from the second quarter of 2023, the number of transactions in the healthcare industry gradually stabilized, showing a positive recovery trend. The investment of capital and talent in the past ten years has significantly enhanced the strength of Chinese healthcare companies in innovation and research and development, and the exploration of commercialization and going overseas has also achieved milestones. These developments not only reflect the transformation of our country’s medical and health enterprises from following innovation to independent innovation, but also show the trend of their products gradually moving towards internationalization, and at the same time, there are more diversified choices in the exit path.

　　Deeply empowered medical industry, long-term support results

　　SPD Silicon Valley Bank has always maintained a positive empowering attitude towards China’s medical and health industry, firmly optimistic about and supporting medical enterprises with core competitiveness. Relying on professional financial services and years of knowledge accumulation of the medical industry, the bank has provided all-round support for these enterprises to help them achieve leapfrog development. In 2023, the bank continued to lay out leading projects in the field of biomedicine, covering vaccines, cell gene therapy, proteomics and other innovative fields, and deeply excavated innovative device companies with high innovation barriers and segmentation ceilings. During this period, the bank issued billions of yuan of letters of intent to medical customers, and existing credit medical customers were also very popular in the market. In 2023 alone, it leveraged more than 8.30 billion yuan in equity financing.

　　Since 2019, SPD Silicon Valley Bank has had medical customers successfully land on the Sino-US capital markets every year, and 2023 is no exception. During this year, the bank successfully helped biomedical customers list in the US stock market, and promoted the listing of skin science research and hair companies in Hong Kong stocks. In addition, many customers have completed authorized overseas transactions or made breakthroughs in their own core pipelines and businesses. It is worth mentioning that the bank’s medical customers have performed well in the industry, ranking 96 times in authoritative lists, such as "2023 Global Unicorn List", "2023 Future Medical 100" and "Zero2IPO V50", etc., fully demonstrating its leading position in the industry.

　　Deep in five major articles, exploring new directions for financial development

　　Shanghai Pudong Development Silicon Valley Bank actively responded to the national strategy, guided by the "five major articles", actively gave play to its professional advantages in the financial field, and supported its implementation with practical actions. In addition to focusing on the medical and health industry, the bank has also paid attention to the development process of the dual-carbon field for a long time. It released the "China Science and Technology Entrepreneurs’ Dual-Carbon Road 2023 Mid-Year Report", which aims to deeply explore the development trends and trends in this field, promote technological innovation, empower the high-quality development of the industry, and is committed to the promotion and implementation of green finance.

　　In the future, SPD Silicon Valley Bank will continue to deepen the "five major articles" and explore new directions for financial development. The bank will actively explore innovative financial products, unswervingly promote the development of green finance, continuously optimize service processes, and accelerate the process of digital transformation to continuously improve the efficiency and security of financial services. Through unremitting efforts and continuous innovation, SPD Silicon Valley Bank will contribute more to China’s modern economic system construction, and jointly write a new chapter in the integrated development of finance and various fields.

　　　[Disclaimer] This article only represents the views of a third party and does not represent the position of Hexun.com. Investors operate accordingly, and please bear the risk.

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Extreme Krypton 007 is a futuristic electric SUV with simple and elegant front face design, smooth lines and full of science and technology. The air intake grille adopts a closed design, which highlights its identity as an electric vehicle. The overall style of the car body is fashionable and dynamic, the roof line is smooth, the tail line is simple, and the overall shape is fashionable and atmospheric. Headlights use LED light source, and the lighting effect is excellent. The lines on the side of the car body are simple and smooth, which highlights the sense of science and technology and movement of Krypton 007. The body size is moderate, which not only meets the needs of daily urban driving, but also does not lose the off-road ability of SUV. Generally speaking, the design of Kyk 007 is full of science and technology, which meets the needs of modern consumers for fashion, dynamic and environmental protection. It is an electric SUV that is worth looking forward to.

Extreme Krypton 007 is a medium and large SUV with a body size of 4,865 * 1,900 * 1,450 mm and a wheelbase of 2928mm, providing passengers with spacious seating space. The body lines are smooth, showing a dynamic and stable design. The front tread is 1635mm, the rear tread is 1650mm, and the front and rear tyre size are 245/45 R19, providing good handling and stability. Extreme krypton 007 tires and rim styles complement each other, perfectly blending sports and luxury elements to make your driving experience more comfortable and enjoyable.

The interior design of Krypton 007 is fashionable and atmospheric, with a leather steering wheel and imitation leather and leather seats, which makes it feel comfortable. The central control screen has a size of 15.05 inches, supports voice recognition control system, and can control functions such as multimedia, navigation, telephone and air conditioning. The front seats are also equipped with heating, ventilation and massage functions to provide a comfortable riding experience. In addition, Krypton 007 is equipped with various adjustment modes, such as front and rear adjustment, backrest adjustment, height adjustment (4-way), leg rest adjustment and lumbar support (4-way), so that passengers can freely adjust their seats according to their personal needs. The front row is also equipped with two Type-C and two Type-C multimedia/charging interfaces in the back row, as well as the wireless charging function of the front row mobile phone. The rear seats can also be laid down in proportion to increase storage space. In a word, the interior design of Krypton 007 pays attention to details and comfort, providing passengers with a comfortable driving experience.

The engine of Krypton 007 has a maximum power of 310 kW and a maximum torque of 440 N·m, which provides strong power performance for the vehicle. This engine can bring excellent acceleration performance and driving experience to Krypton 007, and also provide stable power output for the driving of the vehicle.

The design of Krypton 007 is undoubtedly an impressive highlight. As the owner of car home said, its fashionable atmosphere and family-style design language make people recognize its brand identity at a glance. The waistline of the car body is smooth and powerful, showing a sense of stability and vitality, and the design of the rear of the car also echoes the front of the car. In addition, the workmanship of the car body is also worth mentioning, both the paint surface and the sheet metal part are handled very well. Generally speaking, the design of Krypton 007 is undoubtedly a successful work, which fully shows the design concept and technological level of the brand.

Is there no electricity when the electric car is hot?

Text/gale

Editor/Chen Momo

Over the years, China has led the world in the production and purchase of electric vehicles. These cars are the result of a lot of subsidies, although there are also some cases of poor quality. In this market, there are a lot of running brands. These companies lack a strong sales network, but they have their own inherent advantages, such as the best battery supply or more advanced software than their competitors.

In the overwhelming situation of new energy, many automobile manufacturers are exceeding their production targets and trying to achieve "harvest" with this trend. On December 13th, 2022, Geely Automobile officially announced to the public that its high-end electric vehicle sub-brand Kykrypton had submitted its IPO registration documents to the US Securities and Exchange Commission on December 7th, 2022, and planned to be listed in new york as early as the second quarter of 2023. It is rumored that krypton is valued at around $10 billion. This indicates that this new car company, which was established less than two years ago and hatched by traditional car companies, has begun to break through the IPO of US stocks.

　

　

There are several basic elements to highlight the tight encirclement. First of all, the new forces must find a niche market that can be used as a starting point for expansion. Then, it is necessary to have the ability to mass-produce cars and break through the bottleneck of production capacity. Finally, it is necessary to create a relatively mature sales and distribution network. It is more important to choose the right market segment, provide something really different and put your own technical mark on it.

Obviously, krypton still has a big gap in these aspects.

1 sales scenery can not hide financial weakness

2022 is a successful year for krypton cars. With only one model of Kykrypton 001, Kykrypton delivered a total of 71,941 vehicles throughout the year, with an average order amount exceeding 336,000 yuan. In December, Kykrypton continued to win the title of "sales champion of pure electric vehicles of China brand with more than 300,000".

In 2023, Extreme Krypton will not only launch its second model, Extreme Krypton 009, but also replace the Kirin battery. The 2023 Extreme Krypton 001 with a battery life of more than 1,000 kilometers will also be put on the market. In terms of overseas market layout, on the one hand, it began to sell cars designed by Mobileye and equipped with NZP high-speed autonomous navigation assistance system in Europe; on the other hand, the unmanned application scenario developed based on ZEEKR M-Vision concept car is the exclusive travel service products created by Waymone driverless team, which will also begin to gradually land. The quality of the car will be further recognized by overseas customers.

Compared with other new forces, there is not much financing before the IPO. Its latest round of financing was the $500 million Pre-A round of financing completed in August 2021. At that time, the valuation of Krypton cars reached $9 billion. Therefore, after the substantial increase in sales in 2022, the valuation of Krypton did not increase significantly, which shows that under the influence of the potential global financial crisis, the US stock market with abundant funds is not optimistic.

As the first batch of new forces in China, Wei Xiaoli also chose American stocks as the main battlefield of her IPO before making a profit. From the establishment of the company to the IPO, the three companies took four years, six years and five years respectively. In contrast, it has only been two years since its establishment. Judging from the valuation, although Krypton’s performance is much better than that of Wei Xiaoli at that time, and there is strong support from traditional car giants like Geely, there is still a clear gap in market value. The current valuation of Krypton is only $10 billion, which is about 70 billion yuan. At that time, Weilai’s valuation reached 134 billion, and the ideal valuation was 156.7 billion yuan. However, compared with the valuation of zero-running cars listed in Hong Kong stocks last year, Krypton is still much higher.

It turns out that it is difficult to make a profit by mass-producing electric vehicles. In terms of sales volume and company revenue, there is still a certain gap between Krypton and Wei Xiaoli. In 2022, Xpeng Motors, which has the lowest sales volume among Wei Xiaoli, has delivered more than 120,000 vehicles, and the vehicle matrix of the three car companies of Wei Xiaoli has been relatively complete. Therefore, in terms of revenue, in the first half of 2022, Wei Xiaoli’s revenue reached 20.2 billion, 14.8 billion and 18.2 billion respectively, while the extremely poor revenue in the same period was only 8.8 billion. As for the level of gross profit margin, in the first half of 2022, Krypton took two years to turn the gross profit margin into a positive one and reached about 5%, which was much better than that of Wei Xiaoli in the same period, but the current situation is that Wei Xiaoli’s gross profit margin has reached 13.8%, 11.55% and 22.09% respectively.

In terms of losses, in 2021 and the first half of 2022, the polar net losses reached 1.01 billion yuan and 759 million yuan respectively. In just one and a half years, Krypton has lost as much as 1.769 billion yuan. For a brand-new car company that has just been established, if it is not supported by Geely Automobile through its system capabilities, the loss will probably be even greater. But even so, whether it is the development and production of new models, brand promotion and sales channel construction, it needs to invest a lot of money, and these funds have begun to put obvious pressure on Geely Automobile listed in Hong Kong stocks. In the first half of 2021-2022, the net profit of Geely Automobile was 4.847 billion yuan and 1.552 billion yuan respectively, and the year-on-year decline rate of net profit reached 12.4% and 34.81% respectively. Such a sharp decline is not only related to Geely’s own performance, but also to the large amount of investment required for extremely krypton cars.

　

2 advantages and disadvantages of listing US stocks

Obviously, under the circumstances that the valuation is not high due to the poor environment, it is closely related to the situation of Krypton itself that it still seeks to be listed in the US stock market.

Before Krypton, the impact on science and technology innovation board’s listing was unsuccessful. At the earliest, Geely Automobile hoped to return to science and technology innovation board to raise enough funds for itself, but later science and technology innovation board did not open the door for Geely. Then Geely Automobile gave Krypton the quota to hit science and technology innovation board, but from the current situation, Krypton’s scientific and technological attributes have not been recognized by the regulatory authorities. As an industry with heavy capital and assets, the future sustainable development of Krypton still needs to continuously inject a large amount of funds, which may not be completed by Geely Automobile alone. By listing in US stocks with relatively higher valuation and better liquidity, you can naturally get greater returns than listing in Hong Kong stocks.

However, the potential political risks faced by going to the United States for listing are also factors that have to be considered. On the one hand, vehicle companies like Krypton need to deal with a lot of personal information, and if it involves autonomous driving, it will produce more surveying and mapping data. At this time, it is necessary to find a method acceptable to both regulators under the two major judicial systems of China and the United States. On the other hand, global competition between China and the United States is inevitable. No one can guarantee whether the United States will exert the same extreme pressure on enterprises like Krypton as it did on Huawei in the past. In this case, let alone state-owned enterprises listed in the US stock market have chosen to review the listing of Hong Kong stocks/China mainland’s own securities market, and reserve a financing channel for themselves. Even private car companies like Wei Xiaoli have already completed the secondary listing in Hong Kong stocks. Therefore, listing in the US stock market is definitely not the end of extreme krypton. Finding more stable financing channels for yourself may be the strategy that needs to be considered in the next step.

In the past two years, many companies under Geely Group have completed listing. From Volvo cars and polar star cars to Yikatong and Krypton, there may be Lotus cars, Cao Cao trips and long-distance cars soon. Promoting the listing of its enterprises is a shortcut to reduce its capital contribution burden. However, in the current environment, both valuation and potential political risks need to be weighed by Geely Group. The road ahead is not easy. Especially for krypton cars, after most car companies in the world have made clear the development direction of pure electric, the competition facing krypton will become more and more fierce. If there is no solid sales as a support, even if Krypton has completed the listing of US stocks, its prospects will be bleak.

3 alleged quality problems and sales fraud are frequently defended by car owners.

At present, there are only two models on sale, namely "Extreme Krypton 001" and "Extreme Krypton 009", in which the former is the main sales model and has both coupe and SUV attributes; The latter is positioned in pure electric luxury MPV.

According to a number of media reports, there are online videos showing that four "extremely krypton 001" cars with the words "power failure, electric door failure" passed directly from the door of extremely krypton store.

Since January, 2023, on the official app of Krypton and the national complaint platform for defective products, a large number of Krypton owners have reported that there is a power system failure in Krypton 001 (configuration | inquiry). The vehicle will suddenly jump out of the dashboard when the cold car is started and driving, and the power is limited, so it can’t drive, and the esc is abnormal. And complaints about the unilateral tampering with the contents of the car purchase agreement by extreme manufacturers. The number of complaints about krypton brands has increased significantly, with 639 complaints involving krypton 001, ranking first among all brands.

Coincidentally, "Extreme Krypton 009" also has problems. According to the black cat complaint platform, "Extreme Krypton 009 is forced to lock the order and is not transferable. However, according to the agreement, it is transferable. Now it is against the agreement to tell that it is not transferable. It is a overlord clause to force the lock order without any real car.

In addition, according to the news a few days ago, a picture of a car blogger broke the news, showing that many car owners were sitting at the door of the extreme experience store to defend their rights. These car owners said: "Extreme sales routines defraud consumers and demand a refund!" . At present, more than 2,000 big car owners have complained together, and their demands are still increasing: unilateral breach of contract, unilateral tampering with the contract without consulting the car owners, loss of confidence in the car companies, and demand a refund for one.

In this regard, there is no relevant response from the extreme.

On the car quality website of the car complaint platform, there have been a lot of complaints about Krypton 001 recently, and almost all the reasons for the complaints are "Krypton manufacturers unilaterally tampering with the contents of the car purchase agreement". According to the owner of the complaint, in order to dispel consumers’ doubts about buying the first new energy vehicle, the first new energy vehicle has been introduced to enjoy the lifetime warranty of the whole vehicle and the preferential policy of the current order price, and the owner is not restricted from modifying the order. The premise is that under the negotiation of both parties, users can change the vehicle configuration plan before locking the order. Until December 2022, the official is still promoting that all models can enjoy a lifetime warranty.