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Yicheng Liquor Management strategically invests in Michael Group, and the brand matrix is deeply cultivated in the existing market

When it comes to the regions with rapid economic development in our country, many people first think of East China. Jiangsu, Zhejiang and Shanghai, which are firmly in the top three, are a must for major hotel groups, and the brand is reborn one after another. In the six provinces of East China, Shandong, which used to be dominated by traditional industries, has taken its economy to a new level with the upgrading and transformation of its industries. At the same time, the tourism industry is also recovering strongly, and its hotel investment market prospects have been "re-recognized" by industry people.

Shandong Qingdao city night view

Shandong hotel market urgently needs brand upgrade

Yicheng Liquor Tube X Migao Group joins forces to develop

Shandong Yantai, Weihai, Jinan, Linyi, Jining and other cities each have their own leading industries in sub-sectors. In recent years, the scale of the introduction of high-tech manufacturing has increased rapidly.

Under the blessing of profound Qilu culture and rich tourism resources, Shandong has also become a national leisure and vacation destination. In 2021, Shandong received 730 million tourists, and the total tourism revenue was 827.86 billion yuan, an increase of 26.6% and 37.5% compared with 2020; from January to February this year, Ctrip data showed that the number of tourism orders in Shandong Province surged by 31%, and the overall tourist arrivals showed double-digit growth.

According to the China Hotel Association "2021 China hospitality sector development report" data shows that the number of hotel rooms in Shandong is 920,000, the volume ranks fifth in the country, of which economy hotels account for 59.3%, mid-range hotels accounted for only 32.9%, compared to Guangdong, Zhejiang, Jiangsu and other provinces and cities, economy hotels are relatively saturated, mid-range hotel inventory is not high, hotel grades are more scattered, service quality is uneven, brand need to upgrade.

"Under the favorable factors of the double improvement of GDP and tourism income, in the medium and long term, the demand of Shandong hotel market will continue to increase. In addition, the chain rate of its hotels is only 32.5%, and the development space of brand chain is relatively large. At the same time, the demand for hotel brand upgrading will also increase greatly." Ms. Zhou Qunxia, chief operating officer of Yicheng Liquor Management, is very optimistic about the development prospects of Shandong hotel market.

After several rounds of market surveys and multiple contacts, Yicheng Liquor Management decided to make a strategic investment in Shandong’s Migao Fashion Group (hereinafter referred to as Migao Group), and established Beijing Yicheng Migao Hotel Management Co., Ltd. (hereinafter referred to as Yicheng Migao) to deeply layout the Shandong and northern stock markets with a three-dimensional brand matrix.

Picture 2 | The scene of the strategic acquisition signing ceremony of Yicheng Liquor Management x Migao Group.jpeg

The signing ceremony of strategic investment of Yicheng Jiuguan x Migao Group

Michael Group has been deeply involved in the Shandong hotel market for ten years

Under the depth of Yicheng wine management, the brand Shengwei is empowered

Miko Group has been deeply involved in the Shandong market for ten years, and has become a shining local business card with precise positioning, integration into local culture and affordable luxury enjoyment. It owns two brands, "Miko International Hotel" and "Miko Fashion Hotel". Miko International Hotel aims at the middle and high end of the lower-tier market, focusing on 3-5 tier cities. Miko Fashion Hotel is positioned as a mid-range hotel brand, and deploys the Shandong market with a large-scale three-dimensional matrix.

With deep accumulation in the lower-tier market, cost-effective products and services and good customer reputation, Migao Group’s operating performance recovered strongly in 2021 and returned to the same period in 2019. As of March 2022, Migao Group has 35 stores nationwide, of which 18 hotels are deeply rooted in Shandong, covering 13 cities in Shandong Province, including Jinan, Yantai, Weihai, Linyi, Liaocheng, Weifang, etc., and has been located in the capital Beijing, Suqian, Jiangsu, Yichang, Hubei, Chifeng, Inner Mongolia and other places.

Picture 3.2 | Two brands of "Michael Fashion Hotel" and "Michael International Hotel" .jpeg

"Michael Fashion Hotel" and "Michael International Hotel" two major brands

Under the trend of chain, branding, digitalization and high-quality development in the hotel market, Miko Group hopes to seize market opportunities, upgrade the quality of products and services, and exert its influence to accelerate the scale development of the lower-tier market. To achieve this goal, a large number of professional talents, IT technology and supply chain support are required, which is difficult for regional brands to have.

As a professional hotel management company on the technology platform of Yilong Hotel, Yicheng Liquor Management can help cooperation and franchise hotels upgrade products and services, enhance brand value, and improve store operation efficiency through three empowers of "brand, marketing, operation" and six major powers of "system, engineering, data, talent, technology, and finance". At the same time, through refined management, it can improve store operation efficiency. This is exactly what regional brands such as Migao Group urgently need. The strong alliance of the two sides can just complement each other’s advantages.

Through this strategic investment, Migao Group’s brands will accelerate their development under the authorization of "Eilong", with "Eilong Migao International Hotel" and "Eilong Migao Fashion Hotel" as the main brands, taking the homecoming experience as the root, ensuring that customers can obtain a homecoming-like warm and high-quality living and service experience at a light consumption level, and leading the industry from the new trend of "heart" service.

Yicheng Liquor Management will promote the all-round upgrade of the two main brands while maintaining the continuous and stable operation of the hotels under the Michael Group, and form typical cases and entry points to help Shandong and even more northern stock market hotels upgrade from economical to medium and high-end, improve the online and chain rate, and promote the overall market brand upgrade.

Double growth of branch volume and market territory

Yicheng wine pipe transmits eLong temperature in the stock market

After decades of development, China’s hotel market has entered the existing market from an incremental market, with hundreds of thousands of individual hotels and economy hotels to be chained and brand upgraded. Since its official entry into the market in 2021, Yicheng Liquor has put forward three core strategies of "multi-brand matrix, multi-brand alliance, strong service and heavy operation" for the existing market, striving to help investors and franchisees achieve investment value and maximize store operation efficiency.

Yicheng Liquor has been established for less than a year, and the brand matrix has included high-end, mid-end, mid-end, and light mid-end hotel grades. It has incubated multiple hotel brands to match the needs of the existing market, such as Zhenxuan high-end hotel brand "Yilong Xi Cheng International Hotel", light luxury mid-to-high-end hotel brand "Yilong Langyue Hotel", diversified mid-to-high-end hotel brand "Yilong Ruiyun Hotel", fashionable mid-end hotel brand "Yilong Yitang Hotel", and dynamic light mid-end brand "Yisuan Hotel".

WeChat image _20220412104050

Yicheng wine management brand matrix

This strategic investment in Miko Group is the embodiment of the development strategy of Hezhong Alliance in the three core strategies of Yicheng Liquor Management. Yicheng Liquor Management not only quickly penetrated the stock cities in Shandong market, but also expanded its brand matrix again, filling the brand gap in the lower-tier market. The brand matrix grade is more rich and three-dimensional.

"In all parts of the country, especially in the lower-tier market, there are many regional hotel brands with their own characteristics. They have the advantages of local property and customer base resources. Yicheng strategically invests in Migao Group and launches a new company in a joint venture. Join hands with’Yilong ‘and empower Migao, which can not only retain Migao’s brand influence in Shandong and the north, but also give full play to the industrial chain of Yilong Hotel Technology and the empowering advantages of Yicheng Winery. The combination of the two parties will be able to quickly establish the brand influence of Yilong in Shandong and the northern market." Ms. Zhou Qunxia, chief operating officer of Yicheng Winery and CEO of Yilong Migao Brand, said.

Although Yicheng Liquor’s brands are blooming and the hotel styles are different, its "Yilong Temperature" quality service has always been constant. Yicheng Liquor builds a standardized service process around the core value of "quality, wisdom, temperature", and has an exclusive butler service system that connects online and offline "Cheng Xiaoyi", striving to achieve a consistent check-in experience in thousands of stores and give customers a good accommodation experience.

Picture 5 | "Cheng Xiaoyi" exclusive butler service system guarantees the consistent check-in experience of thousands of shops.jpg

"Cheng Xiaoyi" exclusive butler service system ensures a consistent check-in experience in thousands of stores

The trillion-dollar hotel stock market is facing new challenges. The addition of Yicheng Migao adds a powerhouse to Yicheng Winery. After deeply empowering its stores to improve operational efficiency, Yicheng Winery will assist Yicheng Migao Hotel to make great strides towards large-scale development, develop in depth in Shandong Province, and actively expand the northern market.

Yicheng Liquor has now covered 23 provinces and 78 cities across the country. With the official establishment of Yicheng Migao, Yicheng Liquor has opened a new chapter in the lower-tier market in East China and even the whole country.

At a time when the epidemic is normalized, the recovery of the hospitality sector to boost performance is still a tough battle. Zhou Qunxia said: "In the face of new opportunities and challenges, Yicheng Liquor Management will put more energy on the stock market, use the management method of’seeing different, feeling consistent ‘, do a good job in operation services, continue to pass on the right care to consumers, and at the same time reduce costs and increase efficiency for investors and franchisees to achieve better returns, and pass on Yilong temperature with an open and collaborative attitude."

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Another new force, Hechuang Automobile, which will fall, only pays basic salary.

DoNews Auto reported on April 18, according to the pulse, the employees of Hechuang Auto revealed that the company was financially tight, and only the basic salary was paid in March, without any communication and explanation. Someone contacted the management for an explanation, but the executives were avoiding it.

Hechuang Automobile is jointly invested by real estate developers Zhujiang Investment Management Group and Guangzhou Automobile Group. Its main products are Hechuang V09, Hechuang A06, Hechuang Z03 and Hechuang 007. Due to poor performance, GAC publicly stated at the performance briefing that "Hechuang Automobile should be handled as soon as possible".

According to employees, GAC has stopped investing in Hechuang, and publicly claimed that it will handle Hechuang as soon as possible. In 2023, the original GAC team of the company was laid off by Zhu Weihang, and the former vice president of Iflytek, Duran, was transferred to the company, hoping to make him responsible for brand upgrading.

As a result, after Duran joined the company, the sales volume of Hechuang Automobile declined instead of rising, and Duran also left in October 2023. According to Tianyancha information, Guangdong Zhutou Intelligent Technology Investment Co., Ltd., a wholly-owned subsidiary of Guangdong Zhutou, is the largest shareholder of Hechuang, with a shareholding ratio of 68.5594%, followed by Guangzhou Automobile Ai ‘an, Yaoyu Investment and Guangzhou Automobile Group.

According to Cui Dongshu, Secretary General of the National Passenger Car Market Information Association, the current complicated market situation may accelerate the elimination of some weak brands with small sales volume and tight capital chain to some extent.

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The price reduction of Haval Xiaolong in Yulin area is coming! The special price is 99,800, and the car is sufficient.

In car home Yulin Promotion Channel, we are pleased to announce that the promotion is going on! As a highly regarded model, Haval Xiaolong is not only unique in appearance, but also has excellent dynamic performance and comfortable driving experience. Now, the price of this popular model in Yulin has dropped to the lowest starting price of 99,800 yuan, and the highest discount has reached 40,000 yuan. If you are interested in this model, don’t miss this excellent car purchase opportunity. Please click "Check the car price" in the quotation form to get higher discount and make your car purchase plan more cost-effective!

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Haval Xiaolong is a futuristic SUV with a unique front face design. The front of the car body adopts a large-size air intake grille and is decorated in black, which is in sharp contrast with the color of the car body and shows a strong sporty atmosphere. The body lines are smooth, the overall style is fashionable and atmospheric, and the roof lines are tilted backwards, showing a dynamic posture. The side of the car body adopts smooth lines, which echo the front of the car, making the whole car more visually impactful. The rear design is simple and powerful, and the taillights use LED light source, which has very high recognition after lighting. In short, the design of Haval Xiaolong is full of science and technology, and it is a very attractive model.

https://car2.autoimg.cn/cardfs/product/g28/M00/0B/83/autohomecar__ChxkmmRmJW6AQzRQADW1IU2wMB0479.jpg

Haval Xiaolong is a compact SUV with a body length * width * height of 4600*1877*1675mm and a wheelbase of 2710mm, providing passengers with spacious and comfortable seating space. The front tread is 1583mm, the rear tread is 1587mm, and the front and rear tyre size are both 225/60 R18, which provides the vehicle with stable driving performance. The side lines of the car are smooth and dynamic, and the rim style is fashionable and atmospheric, which adds a sense of fashion and movement to the whole car. Haval Xiaolong can provide excellent driving experience and comfort on both urban roads and off-road roads.

https://car2.autoimg.cn/cardfs/product/g27/M00/57/8E/autohomecar__ChxkmWRmJeCARf29ACZNIEQJivw073.jpg

Haval Xiaolong’s interior design is simple and atmospheric, with a combination of black and beige, giving people a sense of fashion and comfort. The steering wheel is made of leather material, which feels comfortable and supports manual adjustment up and down and back and forth, which is convenient for drivers to adjust to the driving posture that suits them best. The central control screen has a size of 12.3 inches, supports voice recognition control system, and can control functions such as multimedia, navigation, telephone, air conditioning, skylight and window. The seat is made of imitation leather. The main driver’s seat supports front-rear adjustment, backrest adjustment and height adjustment (2-way), the co-pilot seat supports front-rear adjustment and backrest adjustment, and the rear seat supports proportional tilting, providing more storage space. The front and rear rows are equipped with USB/Type-C interface, which is convenient for passengers to charge. The overall interior design is simple and practical, which meets the needs of modern people for comfort and convenience.

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Haval Xiaolong is equipped with a 1.5L 101 horsepower L4 engine with a maximum power of 74 kW and a maximum torque of 132 N m.. This engine adopts advanced technology and can provide excellent performance and fuel economy. At the same time, with the 2-speed DHT gearbox, the vehicle is more stable during driving and the shift is smoother. Whether on urban roads or highways, Haval Xiaolong can provide excellent driving experience.

In terms of design, Haval Xiaolong really left a deep impression on people. The owner of car home said that the front face was designed in layers, with the blackened front enclosure and unique LED headlight design, giving people a simple and exquisite feeling. The smooth body lines on the side and the dynamic wheel hub design add to the sporty atmosphere of the whole vehicle. The shape of taillights echoes the characteristics of Haval brand, and the overall appearance gives people a sense of fashion but not publicity, which meets the aesthetic needs of young people. It can be said that the design of Haval Xiaolong is simple and fashionable, which conforms to the aesthetics of modern young people. I believe that this design will make many people shine and become their best choice for buying a car.

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When the M9 conference was finalized, the smart car ETF(159888) backed up to pick up people, and the information of Guangting led the rise.

On December 14th, 2023, it was officially announced that its M9 would be released on December 26th. After the appearance of the new M7 in September, it directly detonated Huawei’s industrial chain. As a result, the smart car ETF(159888) also ushered in a wave of rebound. As of the end of November, the maximum increase in the range was nearly 10%. Today, when it opened, the smart car ETF surged back, calling back or welcoming the layout opportunity, and holding the information of Guangting in the stocks.

Smart Car ETF(159888) closely tracks CS Smart Cars. From the perspective of the weight distribution of Shenwan’s first-class industries, the constituent stocks are mainly distributed in high-quality industry tracks such as electronics, computers, automobiles, communications, etc., with distinctive scientific and technological attributes. From the perspective of more exposed concepts, the smart car index is mainly exposed to automobile, consumer electronics and Huawei-related concepts, and the weight of the holding stocks is as high as 57%.

With the accumulation of algorithms, hardware and data, Huawei has established a full-stack intelligent solution. With the increase of M7, the listing of M9(23Q4), the listing of S7 (late November) and the iteration of ADS2.0, Huawei’s super reputation is superimposed, and smart cars and their industrial chains are expected to develop rapidly.

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Sailis Automobile Zhang Xinghai: The core competitiveness of automobile enterprises lies in the integration of top technologies in various fields.

  At present, a new round of scientific and technological revolution and industrial transformation is booming, and the integration of automobiles with energy, transportation, information and communication is accelerating. In the face of the wave of intelligence, open cooperation and cross-border integration are undoubtedly more suitable choices for the times. In 2016, Cyrus Auto, which transformed into a new energy track, has a profound background in the traditional car-making industry. With its keen sense of cutting-edge technology and the ability to integrate all links, it took the lead in opening cross-border cooperation with Huawei, promoting cross-border integration of software and hardware, and realizing its own strength.

  Zhang Xinghai, chairman (founder) of Celestial Motors, said, "The core competitiveness of a car company lies not in the breakthrough of a single technology, but in the perfect integration of top technologies in various fields into its own products." He believes that the future competition is no longer the competition between individuals, but the competition of comprehensive strength between ecosystems. This will test the enterprise’s keen sense of cutting-edge technology and the integration ability of the whole link, and also test the strategy and pattern of an enterprise.

  In fact, since the advent of AITO, the industry record has been constantly refreshed with its unique intelligent driving advantages and subversive user experience. In the era of "software-defined cars", the accumulated Celestial cars are becoming an important force leading the industrial transformation.

Sailis automobile Zhang Xinghai: the core competitiveness of automobile enterprises lies in the integration of top technologies in various fields _fororder_image001

  Zhang Xinghai said that continuous high-intensity investment in R&D enabled Celestial Auto to work closely with the world’s leading technology companies and seamlessly connect the world’s leading technologies to the technology and product platforms in the first time, which led to the achievement of "building three cars a year" and "realizing 100,000 vehicles off the assembly line at the fastest time" in AITO. This stems from the decades-long experience in vehicle R&D and manufacturing of the whole link of Celestial Automobile, and also from the tireless pursuit of technological innovation by Celestial Automobile technical team based on the user-centered concept.

  At the end of 2021, Celestial Automobile and Huawei carried out cross-border business cooperation, which was the earliest and deepest car enterprise to cooperate with Huawei under the intelligent selection mode. The two sides deeply integrated and exerted the longboard effect. With continuous high-intensity R&D investment and solid intellectual foundation, in the first half of this year, AITO asked the community to usher in a milestone of 100,000 vehicles, and the brand achieved a breakthrough from 0 to 1. Subsequently, the 90,000 large-scale data of AITO asked the new M7 and the unsuccessful fire of AITO asked the community M9 also witnessed the staged victory of cooperation between the two parties.

  "In the past year, Sailis Automobile achieved a breakthrough in the new energy vehicle business from 0 to 1. In the future, Sailis will strive to achieve accelerated development from 1 to N. " Zhang Xinghai said. After completing the construction of 0-1, he also made a careful plan for the recent work of Sailis Automobile. On the one hand, Celestial Automobile will continue to deepen cooperation with Huawei, do a good job in iterative evolution of existing models and enhance product experience. On the other hand, Celestial Automobile will continue to lay a solid foundation for intellectual creation, accelerate production capacity improvement, and go all out to ensure the high-quality delivery of AITO. On the road of building an automobile ecosystem with the Internet of Everything, Sailis Automobile is benefiting users, industrial chains, investors, employees and society through its own development, and jointly promoting the growth of the new energy automobile industry. (Photo: provided by Cyrus)

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Q: Does M9 communicate with pedestrians through light language interaction? Smart car lights benefit listed companies.

  Some netizens recently uploaded a video that is said to be asking about M9. In this video, when pedestrians pass by at night, the vehicle will stop andProjection of graphic symbols for polite pedestrians, still canCommunicate with pedestrians through the interaction of lightsMake travel safer.

  At the new product launch conference of Huawei’s autumn scene at the end of September, Yu Chengdong announcedHUAWEIxPixel intelligent car light solution, provideDual-lamp 2.6 million pixel projection, haveThe only dual-lamp precise fusion algorithm capability in the industry., night vision ability increased by 185%. DongguanHuang Xiuyu on February 27 thSaid in,The lamp system is becoming the executive end in the field of intelligent driving.Automobile lights have changed from traditional safety parts to intelligent interactive parts. With the increase of added value of products,Market space is expected to expand., superpositionThe rapid development of automobiles,Smart car lights have broad prospects.. According to QYResearch data, the global automotive smart headlights market scale in 2027.It is expected to reach $11.3 billion.The CAGR of 2020-2027 is 5.4%.

  Said, among the types of lights.The most obvious intelligent upgrade is headlamp.As a product with the biggest difference in key and technology affecting safety, it is alsoLight source technology, intelligent technology and modeling structureThere are upgrade paths in three aspects. In terms of light source technology, the headlight light source has experienced fromAcetylene lamp-halogen lamp-xenon lamp- Lamp-laser lampThe continuous upgrading of, among themLamp has obvious advantages.Compared with halogen lamps and xenon lamps, it has smaller volume, faster start-up and longer service life, and its cost is lower than that of laser lamps.Headlights have basically occupied the main domestic market..

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  In terms of intelligent technology, the field of intelligent headlights has formed.AFS—ADB—DLP Product iteration route based on. AFS adaptive headlamp system consists of, electronic control unit, lamp control system and headlight.It consists of four parts. Passenger cars equipped with AFS can realize seven lighting modes:Country road mode, expressway mode, urban road mode, bad weather mode, travel mode, headlight follow-up steering, dashboard fault indication.

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  The full name of ADB(Adaptive Driving Beam) system is adaptive high beam system, also known as.Non-dazzling high beam. ADB can be used according to the vehicle driving state and road state, etc.Automatically turn on or off the high beam.And automatically change the light type of the high beam according to the position of other vehicles in the front view, so as to avoid dazzling other road users by the high beam.Improve the safety of meeting at night and protect pedestrians.. At present, there are two ways to realize ADB: matrix and pixel. Pixel type can be understood as a matrix type with more particles and finer partitions, but because of its high cost, at present,Matrix ADB is more common.. According to the forecast of the car lamp, the global ADB penetration rate will reach 25% in 2025.50% by 2030..

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  DLP(Digital Light Processing) headlights not only have the anti-glare function of ADB system, but also further increase the lighting division, so thatThe resolution of car lights is greatly improved., each headlamp can have more than 1 million addressing pixels.Compared with the matrix LED, the ADB is improved by 10,000 times.. At the same time, DLP headlights combine programmable features,Images and signs can be projected onto the road ahead to realize information interaction., such as zebra crossing projection, pedestrian tracking tips, low-speed steering assistance, lane change warning in blind areas, driving trajectory prediction, vehicle tracking and shielding, etc.

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  With the upgrading of technology,The value of car lamp products is also constantly improving.. The price of traditional halogen headlamps is 200-250 yuan each; The price of xenon headlights is 400-500 yuan each; The price of LED headlights is 800-1000 yuan each; The price of ADB headlights with higher intelligence is 1300-3000 yuan each; The price of the most advanced DLP headlights is as high as 8000-10000 yuan each. traditionOn the track,Only the average value of powertrain, such as engine gearbox, exceeds the current mainstream LED lights., the rest of the seat assembly, car system, tires, glass and other parts are lower than the lights.

  Earlier, Huang Zhiyong, president of Huawei’s optical application field, said that the second half of the intelligent networked car is intelligent, and Huawei will open cooperation with industrial organizations and upstream and downstream partners to enrich the innovative application of intelligent vehicle light.Committed to bringing optical technology into every car..

  In terms of listed companies,Holding subsidiary Nanning LiaowangProvide headlights, taillights, grille lights, etc. for the newly modified M7 model of Wenjie Automobile.Related lamp products;Automotive interior LED, automotive exterior LED, atmosphere LED andIntelligent interactive display LED lineFour categories of product routes, companiesContinue to deepen business cooperation with Huawei in two major areas: signal indication and intelligent terminal.;For the global car、AR HUD、Intelligent car lightCustomers such as laser, meta-chemical components, modules, subsystems and other automotive application solutions;It is our countryLeading manufacturer of automobile lamp assemblyAnd one of the design providers, February 2022.Signed a letter of intent with Huawei for the cooperation of intelligent vehicle optical services.Carry out strategic cooperation in the field of smart car lights.

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Officially launched on April 23rd, the new model M5 opened for booking.

On April 17th, I learned from AITO Auto that the new M5 booking channel has been opened. According to the official, users can enjoy the preferential policy of deducting 5,000 yuan from the deposit of 2,000 yuan before 15:00 on April 23, and have priority to pick up the car. At the same time, it will be listed at 14:30 on April 23.

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The split listing of krypton: the challenge still exists, and the dawn is dawning

Text | Financial Street Lao Li

Geely Holding is a hot spot in the global capital market, and Krypton will be its most imaginative sector.

Yesterday, Krypton announced that the ZEEKR M-Vision concept car will have mass production conditions in 2024. This car is an exclusive vehicle customized and developed for the Waymone driverless team based on the ZEEKR M-Vision concept car, which means that Krypton has taken an important step in the field of autonomous driving.

At the end of last month, Geely Automobile announced that it had submitted a proposal to the Hong Kong Stock Exchange to spin off Krypton and list it independently. The Stock Exchange has confirmed that listed companies can spin off. Although there is still a long way to go before Krypton goes public independently, it has at least taken the first step.

There are a lot of news disclosed by the industry these days. Today, Lao Li will talk with you. Why did the extremely split layout start long ago? What are the strategic considerations for spin-off listing? What are the challenges of the split listing of Krypton?

Krypton split, early signal?

The capital market has always had high expectations for Geely Holding, but frankly speaking, most funds are looking forward to "Geely": in the secondary market, although Geely Automobile’s Hong Kong stocks once made many investors earn the first pot of gold, the whole Hong Kong market is not so good; In the primary market, Geely Holding’s various sectors are booming, but there are not many external financial funds that can be invested.

Listed companies under Geely Holding include Geely Automobile, Volvo Automobile, Polar Star Automobile, Yikatong, etc., and the proposed listing sector includes Cao Cao’s trip, etc., and the listing locations include Hong Kong, the United States and Europe. As the most important intelligent electric vehicle sector under Geely Holding, it is reasonable to go public.

According to the capital market research, Geely has been preparing for the independent listing of Krypton since its establishment. Geely has two main actions: one is to open financing for Krypton, and the other is to load high-quality assets.

Let’s talk about the first action-open financing.

As we all know, Geely always wanted to go public in science and technology innovation board, but in June, 2021, Geely withdrew its listing application because of the tightening IPO policy in science and technology innovation board. At the same time, Geely Automobile announced that it would seek different financing schemes for the extremely krypton brand, that is, from this time on, the extremely krypton independent listing plan was officially launched. At the same time, Geely Holding Group and Beilun District of Ningbo signed an investment cooperation agreement for the extremely smart electric vehicle project, and the global headquarters of extremely smart technology company settled in Ningbo.

Later, everyone became more clear. In August last year, Krypton launched the Pre-A round of financing. The financing targets included ecological partners such as Contemporary Amperex Technology Co., Limited, Billie Billie and Intel Capital. The publicly disclosed financing amount was 500 million US dollars, corresponding to 5.6% of the shares. According to this figure, the post-investment valuation of Krypton in August 2021 was close to 60 billion yuan.

Two months later, Geely Automobile announced that it would buy back part of its equity. By the end of Geely Automobile’s 2021 annual report, Geely Automobile held 59.71% of its equity. As for the specific shareholding structure behind it, there is no public disclosure at present.

Not surprisingly, in the next year or two, Krypton will further carry out external financing, but not too many shares will be sold, and Geely will have absolute control over the enterprise.

The second action of the split listing of Krypton is the merger of high-quality assets. Merging high-quality assets is a common practice in the capital market, with two main purposes: First, after merging high-quality assets into Krypton, it can support the listing of Krypton and obtain a good premium; conversely, Krypton will also drive the original assets to increase the premium and achieve the effect of killing two birds with one stone.

In July last year, Krypton Group (Krypton Holdings and its subsidiaries) entered into a CEVT acquisition agreement, a vast energy acquisition agreement and a Ningbo Weirui subscription agreement to acquire assets and technologies needed for R&D, production and sales of electric vehicles.

So far, Krypton holds 51% equity of Ningbo Weirui, 49% equity of Times Geely and 30% equity of Vast Energy. It can be seen that all the best assets of Geely Holding on power batteries and charging services have been loaded to Krypton.

Split and go public, kill two birds with one stone?

Seeing this, many friends will ask why Krypton will be split and listed, or what will Krypton bring to Geely Holding after the split and listing? In Lao Li’s view, apart from obtaining high premium in the primary and secondary markets, it is more important to serve Geely Holding Group.

In the past few years, although Geely’s industries have spread all over China, Geely’s capital has been globalized. For more than a decade, capital globalization has also driven industrial globalization. In the new stage of development, it will be the general trend for industry and capital to return to China. On the new energy vehicle track, neither the American market nor the Hong Kong market can get the same treatment as the domestic market. Most importantly, the market, industrial chain and capital of new energy vehicles are all in China.

Geely Automobile has been conceiving the A+H capital layout, looking at the performance of BYD, Contemporary Amperex Technology Co., Limited and Great Wall Motor in A-shares, and then looking at the performance of Geely Automobile in Hong Kong stocks, we can see from a glimpse that Geely Automobile will get a new financing path after the listing of A-shares, but for various reasons it backfired.

In the announcement, the spin-off terms of Krypton, such as listing place, listing time and sale scale, have not yet been determined. In fact, it is in the early stage of listing, and Krypton itself cannot be determined. Lao Li believes that according to Geely Holding’s strategy and external market environment, Krypton is likely to give priority to listing in science and technology innovation board, and of course, Hong Kong market and American market are not excluded.

Some friends of Lao Li said that the probability of listing Krypton in science and technology innovation board should be above 70%, on the one hand, because it serves the overall strategic layout of Geely Holding, and on the other hand, because the overall valuation of A shares is higher than that of Hong Kong, especially the new energy sector, which will be far ahead of the Hong Kong market in the next decade or even longer, and Krypton will get a better valuation premium than Hong Kong for its spin-off listing in science and technology innovation board and its spin-off listing on Growth Enterprise Market in the future.

The strategic layout of Geely Holding is very important, and it is also important to maximize the "assets". There is a saying in the secondary market.

At present, most new energy automobile companies don’t make money, and so does Krypton. According to Geely Automobile’s financial report, Krypton’s revenue in 2021 was 2.868 billion yuan, and its net loss was 1.010 billion yuan. The loss in the first half of this year reached 759 million yuan, with an average monthly loss of 126 million yuan. In the final analysis, these inputs and losses were borne by Geely Holding, or Li Shufu personally.

In the process of spin-off, Krypton can raise funds in the primary market, or refinance after listing, so as to obtain greater funding channels. At the same time, after the split-up of Krypton, it can also greatly alleviate the financial burden of the listed company Geely Automobile, optimize the financial statements, obtain a higher return on investment than before, and boost the valuation of the secondary market.

In addition, for Krypton itself, the spin-off will also promote the company’s main business to be more focused and more transparent, which will also help to convey a clear corporate image to the capital market and gain the recognition and support of investors.

Where are the challenges and dawns?

From the general direction, the split listing of Krypton is a perfect path, but it is not easy to walk. Lao Li believes that the biggest challenge at present is not internal, but external, which is not only a problem that extremely krypton will encounter, but also a problem encountered by other new energy vehicle companies.

Lao Li has mentioned many external problems before, but each family also has difficulties. For example, Zhongchuang Singapore Airlines and Zero Run Auto are listed in Hong Kong, and the pressure from shareholders has forced everyone to go. Weimar has also slowed down the pace of listing in Hong Kong, not because it doesn’t want to go to Hong Kong, but because its valuation is too low.

In the past two years, a number of new energy vehicle enterprises hatched by traditional giants have been added to the market, such as GAC Ai ‘an, SAIC Zhiji, Dongfeng Lantiu, Great Wall Salon, Chang ‘an Aouita, etc. After the capital market targets increase, the market will naturally kill the valuation, and the number of people sharing the cake will increase, and the value of each cake will naturally decrease.

So waiting is the best way for companies that are not short of money. The idea of extreme krypton may be to choose to promote the listing process first and then start the listing according to the appropriate time and price. A brokerage analyst also put forward the possibility that the news of the spin-off listing will pave the way for the A round of financing in the next 1-2 years. After all, some industrial funds have already made contact with Krypton.

For Krypton itself, at present, both science and technology innovation board and HKEx have put forward new auditing requirements for R&D capabilities of new energy vehicle companies. From 2020 to this year, many vehicle companies and Internet companies have stopped IPO due to "insufficient R&D level". We will wait and see how Krypton can play this card.

Despite the poor external environment, the sales volume of krypton has been exceeding expectations. In the first three quarters of 2022, the cumulative sales volume of krypton was 39,500 vehicles. After entering October, the delivery of krypton entered the fast lane, and the monthly delivery volume exceeded 10,000 vehicles, reaching 10,119 vehicles, an increase of 22.3% from the previous month. But the delivery pressure of krypton is not small.

Despite this, Geely is still at the forefront of domestic car companies, and its layout in the capital market is mainly around mergers and acquisitions and spin-offs. In the past ten years, Geely has been carrying out mergers and acquisitions, from traditional cars to new energy, from intelligent networking to ecology, achieving good synergy, while spin-off listing is a means of asset divestiture, which broadens the company’s financing channels through high-quality asset spin-off.

Generally speaking, there are two types of companies listed in the capital market: one is a growing subsidiary with strong profitability, such as BYD’s Foday Battery, and the other is an incubation platform company, such as Sina Weibo, which is incubated by Sina. From this point of view, krypton belongs to both at present, and will get a higher valuation in the capital market.

The listing of krypton will open up new ideas for Geely Holding, and will also open up new ideas for the industry.

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Linyi Xingyue L is on sale, the latest offer is 122,200! Preferential treatment waits for no man.

[car home Linyi Preferential Promotion Channel] I am very pleased to introduce our preferential car series-in progress! This offer covers Linyi City, with a maximum discount of 15,000 yuan! The minimum starting price is 122,200 yuan. If you are interested in this model, now is a good time to start. Please click "Check the car price" in the quotation form, and strive for a higher discount. Let’s enjoy buying a car together!

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Xingyue L car series adopts a fashionable and dynamic design, the front face design is very exquisite, and the air intake grille is decorated with a large area of chrome, showing noble temperament. The body lines are smooth, and the overall style is very atmospheric, showing a strong sporty atmosphere. The front of the car is designed with split headlights, and the lighting effect is excellent, making the whole car look sharper. The side lines of the car body are smooth, the window lines are simple, the rear design is simple and generous, and the overall style is fashionable and impressive. The body size is large, the interior space is spacious and comfortable, and it is equipped with advanced driver assistance system and comfortable seats to provide more comfortable driving experience for drivers and passengers. In a word, the appearance design of Xingyue L car series is fashionable and atmospheric, which has left a deep impression on people.

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As a medium-sized SUV, Xingyue L has an impressive design. The length * width * height (mm) of the car body is 4770*1895*1689, the wheelbase (mm) is 2845, the front and rear wheel tracks (mm) are 1610, the front tyre size is 235/50 R19, and the rear tyre size is also 235/50 R19. The lines on the side of the car are smooth and dynamic, which highlights its fashionable sports style. At the same time, the rim shape of Xingyue L is also very eye-catching, adding a domineering attitude to the vehicle. Whether it’s city driving or long-distance travel, Xingyue L can bring a pleasant driving experience to drivers.

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Xingyue L’s interior is exquisitely designed and made of luxurious leather materials, which makes it feel comfortable. The steering wheel is manually adjusted up and down and back and forth, which is convenient for the driver to adjust the driving posture. The central control screen has a size of 12.3 inches and supports voice recognition control system, including multimedia, navigation, telephone, air conditioning and skylight, which makes driving more convenient. The seat is made of imitation leather. The main driver’s seat supports front and rear adjustment, backrest adjustment, height adjustment and lumbar support, and the co-pilot’s seat also supports front and rear adjustment and backrest adjustment. The front seats are also equipped with heating and ventilation functions to provide a more comfortable driving experience. The rear seats can be tilted in proportion, which increases the flexibility of space. In addition, the front and rear rows are equipped with USB and Type-C interfaces, which is convenient for passengers to charge.

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Xingyue L is equipped with a 2.0T 218 horsepower L4 engine with a maximum power of 160 kW and a maximum torque of 325 N m.. The car is equipped with a 7-speed wet dual-clutch gearbox, which can provide a smooth shifting experience. The engine adopts advanced technology, which can provide abundant power for the vehicle and let the driver enjoy a more passionate driving experience. In addition, the engine also has high fuel economy, which can save fuel expenses for car owners. Whether driving daily or traveling long distances, Xingyue L can provide excellent power performance and make drivers full of confidence.

In our car home car owners’ reputation, there is a car owner named "Xing Yue L", who shared his love for Xing Yue L. He said that he has always wanted to buy a car for a long time, and his brother drives Geely, so he is more concerned about this brand. What he likes most about this car is its appearance, which makes him very satisfied.

As Suzhou Cheyou 7814793 said, the design of Xingyue L is really excellent, both the large mouth grille on the front face and the lines of the car body show a strong sense of domineering. In addition, the interior design of Xingyue L is also very exquisite, using luxurious leather materials and high-end technology configuration, which brings a very comfortable driving experience to drivers and passengers. At the same time, it is also equipped with a powerful power system and advanced intelligent driving assistance system, providing drivers with a safer and more convenient driving experience. Therefore, we believe that Xingyue L will definitely become the best choice for you to buy a car.

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NiNi Liu Shishi "lives" in a hot search, and the drama with two female protagonists is about to break out?


Special feature of 1905 film network Recently, the drama series "Great Girl" and "Wind" starring partners and partners have met the audience successively. In addition, two "85 Flowers" joined hands to take the lead, and "last romance" also appeared in an expectant voice.


The two female main dramas appeared one after another, taking the lead in starting the first shot of the 2021 female theme drama.It is worth mentioning that apart from the weak splash of Wind, the other two dramas with two female protagonists have attracted much attention.


Up to now, "The Great Girl" has closed, and the popularity of webcasting has reached the top position of the cat’s eye TV series; "last romance" has been broadcast for more than half, and it has also been at the forefront of TV drama popularity rankings for a long time.These two series have even made many fans start the CP of "Jin Tong Yu Nv" and "Writing Poems for Ni". Liu Shishi and NiNi, in particular, almost "live" in the hot search, and the reading volume of drama topics has exceeded 4.1 billion.

 

However, in terms of word-of-mouth, the overall performance of the above two highly discussed double-female dramas can only be regarded as quite satisfactory. In the evaluation of douban, the former was divided into 7.2 and finally settled at 6.8; The latter has a score of 7.5, and now it has fallen to 7.1, and there is still a trend of further decline.


The drama with two heroines has become a unique landscape in the opening-up drama, and it seems to be their common ending. In the final analysis, they are under the banner of "double-female drama" and have not explored a method that really suits the theme.


Pseudo-"independent person"


Last romance and The Great Girl are both devoted to creating leading roles for independent women. In line with the tough and courageous characteristics of independent women in the new era, such a setting is indeed easier to please.


Take the former with higher attention as an example.according toYi ShuAdapted from the novel of the same name, the screenwriter transplanted the background of the story from Hong Kong to Shanghai. The drama revolves around the experience of a pair of best friends, Jiang Nansun (Liu Shishi) and Zhu Suosuo (NiNi), growing up together.


 

Jiang Nansun, a well-born rich lady, grew up in an ivory tower and had to grow into a pillar of the family after her father died. Zhu Suosuo, a gold-worshipping girl who grew up in an alley, has long been a sponsor, and she is eager to break through the bondage at an early date.


Jiang Zhu, a pair of girlfriends, respectively reflects the upper class and the general public. On them, there are many independent women who dare to take on and dare to fight.In the face of family decline, the former took the initiative to break up with her boyfriend who was full of heart, and stayed at home to bear his father’s huge debt; Suffering from the pain of being dependent on others, the first thing the latter did when he found a job was to move out and live alone.


It is not difficult to find that the two hostess tried their best to set up a strong and rational "cool drama" without dragging their feet. But unfortunately, such an independent setting has not penetrated into the bones of the characters.


As a form of "women’s drama", the drama with two female protagonists should emphasize the process of independent growth of female protagonists. But at this critical point, the presentation of last romance is a pity. Every time the two protagonists grow up, the drama often relies on more powerful female power or male characters to promote the turning point of the plot.


Their tough and courageous character is true, but it does not prevent their declining life from opening up with the help of external forces.

 

Of course, some people may argue that many successes are inseparable from the support of "noble people". It’s true that there are many powerful roles around Jiang Zhu, such as "an expert in the world" aunt, company boss Ye Jinyan and rich second generation Xie Hongzu, which are also relatively different from their independent female images.

 

Coincidentally, The Great Girl has similar disadvantages.LukeWith a strong sense of mission at the moment of magazine survivalOrdinary editors have jumped to the position of editor-in-chief, and they have to rely on the help of others in the face of career difficulties such as poor management and difficult cooperation.


Focusing on women’s independence or growth, many protagonists have not really "relied on themselves" to a certain extent, but have continued the "cool" of role upgrading and blame through external forces.


Deep feelings of "routine"


"Love is icing on the cake, but friendship is never absent." This is one of the essences of the original work that Qin Wen, the screenwriter of last romance, thinks.However, the outline of this two-female drama in love line is slightly deliberate. The love that is icing on the cake in the eyes of screenwriters actually takes a lot of pen and ink, and it is inevitable to fall into the familiar "love core".


Nan Sun and Suosuo have both experienced more than one relationship.Coincidentally, they all met "love rat" first, and then harvested Gao Fushuai.


Judging from the fact that the official CP of the two girlfriends are European designer Wang Yongzheng and Xie Hongzu, the prince of air conditioning, their love line has not given up the drama of "Princess with Prince" and "Cinderella meets the rich second generation".


Similarly, The Great Girl is the same. Luke, who has a stable relationship, was betrayed by her boyfriend who has been in love for many years, and finally met Zhang Mang, who is better in all aspects; Shen Siyi, a game lover, is both an emotional abuser and a victim, but she has a Yao Yuan who always loves herself.


Even the "Wind" with the background of spy war, the unsmiling agent Li Ningyu, is surrounded by Wu Zhiguo, the battalion chief who always wants to guard her.


I have to say that this idol drama-like love alone is too idealistic, thus falling into the emotional routine of romantic drama.


And also taking the "CP" routine, there are girlfriends who are strongly marketed by the two female main dramas.In Qin Wen’s view, the world of Yi Shu girls is not only about love, which is also highly compatible with the independent and powerful personality charm of contemporary young women. Therefore, last romance’s portrayal of Jiang Zhu, a pair of good friends, has no mutual tearing and misunderstanding, but more supports and encourages each other.


Suosuo is homeless, and Nan Sun will not hesitate to invite her to live in her home. Nansun’s family suffered a heavy blow, and the lock lock "contracted" the life of the sisters. Both of them regard each other as family members, showing an enviable immortal friendship, and "writing poems for Ni" also comes from it.


Besides, in The Great Girl, Shen Siyi and Lu Ke were deeply misunderstood, all because Shen Siyi insisted on taking a college entrance examination for love in order to get into Fudan, and kissed her boyfriend in public, thus causing them to break up.


But when two people make up, they can always accompany each other and run around for each other when the other is in a career or life crisis.


In fact, whether it’s last romance or The Great Girl, the essence is that two girls with complementary personalities make up a pair of close friends. The former can always make every effort to shelter the latter from the wind and rain, while the latter will offer warm comfort and encouragement to the former. In this way, the audience will naturally pick up the "CP".


It is true that the enthusiasm between "CP" can only provide a temporary "sweetness" for the audience. When the audience comes back to think about it carefully, behind the selling of girlfriends, on the contrary, they are works with female themes, and their practical significance is slightly weak.


In addition, a large number of love dramas will inevitably steal the limelight of girlfriends’ dramas, which will further weaken the background color of the two female main dramas to some extent. When these routines are gradually revealed with the broadcast of the series, the "old-fashioned" setting eventually consumes the audience’s expectation for surprises.


After empathy, it will usher in the wind.


Of course, although the word-of-mouth of last romance and The Great Girl has gone high and low, it does not prevent them from opening up new ideas for the expression of women’s works. From the "big woman" to the "group portrait of women" and then to the "double woman" drama, the market focuses on works with female themes, and the expression forms are increasingly diverse.


It is worth noting that in 2011, after a Empresses in the Palace completely kicked off the creation of the "Big Girl’s Play", in recent years, there are few similar masterpieces; In 2020, Nothing But Thirty and Twenty Don’t Confuse joined hands to push the "female group drama" to the highest light; However, in the end, they didn’t keep the reputation of Qi Fei.


It can be seen that the delicacy of "women’s play" is doomed to be difficult to express.Nowadays, the double-female main drama appears frequently, and the heat is quite high. Although the current content performance is still slightly flawed, at least it also pays attention to the topic of women’s independence and the precious friendship between girlfriends. As for whether it will be the next explosion vent, it may depend on the writers’ deeper deconstruction of such works.


In fact, it not only combines the personal struggle emphasized by the "big female host" but also the friendship of girlfriends displayed by the "female group portrait". In fact, the drama with two female hosts has a very broad space to play.


However, the love line that should have been embellished has become the expression of "Mary Su", but it is the creative embarrassment of the current two-female drama. Then, how to deal with the interweaving of realistic meaning and emotional meaning, and how to make more viewers reach empathy are obviously problems that creators need to think about.


It is worth looking forward to. Next, a big wave of two-female dramas, such as "Housewives", "True Youth", "Story of Yanxi Palace" and "Family heirloom" by Wu Jinyan, are brewing.


The next "phenomenal" work, or is in the middle of them.


Looking to the future, we should balance the proportion of friendship, career and love, and pay more attention to the essence of women’s independence while portraying characters in a diversified way, thus fundamentally resonating with the audience. Perhaps in this way, the double-female drama will become the next outlet.