月度归档： 2024 年 8 月

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The new film, directed by Gu Dezhao and starring Eason Chan and Li Ronghao, will be officially released on January 12. For many viewers, this is undoubtedly a surprise collaboration, because this is the first collaboration between "God of Songs" Eason Chan and "King of Songs" Li Ronghao. Originally, the audience had already heard ear oil when listening to their songs, and this time they have to act together, which can be called welfare!

In fact, it is by no means the first time in our memory that people in the music industry have collaborated on movies at the level of singers. Especially since the 1980s, such works have been "countless" and have frequently produced classics. So before looking forward to the debut of Eason Chan and Li Ronghao, two "singers", we might as well take a look at how many music superstars have collaborated on the screen along the way.

　

The 1980s: a hundred flowers bloom

In the peak era of the Hong Kong music scene, whether it was the trend of "Tan Zhang’s competition for hegemony", or the far-reaching "Hong Kong Song God", as well as the popular "Song Yin" and "Idol Sect", as long as the film was made, it was often a box office guarantee + topic responsibility, and it was also a strength to tell the audience that the real "Wang Jianwang" should sing and shadow!

1. Xu Guanjie vs Leslie Cheung

"New Best Partner" & "Flower Field Wedding"

When it comes to the collaboration between "Song God" and "Brother", the two not only have a classic hit song like "Silence is Gold" in the music world, but also made two appearances in the film industry during the Spring Festival. In 1989’s "New Best Partner", the two played two generations of "Best Partner" members, who changed from "opponent" to "friend" due to a terracotta warrior theft case, and finally fought against the big boss together. The film is not only Xu Guanjie’s first starring work after recovering from mountain sickness, but also Zhang Guorong’s last starring work before quitting the music world. Therefore, in addition to showing their skills, the two also sang the theme song "I Have Never Been Surprised", which is of great significance.

Four years later (1993), Xu Guanjie completed his farewell concert in the music world, and retired with honor after filming the last two films with Huang Baiming; at the same time, Leslie Cheung officially signed with Huang Baiming’s newly established "Oriental Film Company", which promoted the cooperation of another New Year’s movie "Flower Field Wedding". In the film, the two played "Little Bawang Zhou Tong" and "Magic Gao Baifei" respectively, and tried their skills as soon as they appeared. Later, Xu Guanjie also "kissed" Zhang Guorong, which can be said to be another classic cooperation since the two "honorably retired from Huixing", showing the tacit understanding and charm of "Wang Jianwang"!

2. Alan Tam vs Andy Lau

"Jianghu Love" & "Dragon Family" & "Supreme" & "Rich Corps" & "Supreme Plan Champion" & "Shocking 12 Hours"

One was the most popular male singer in the Hong Kong music scene in the 1980s, and the other was the most representative Tianwang in the Hong Kong music scene in the 1990s. Alan Tam and Andy Lau’s cooperation began as early as 1987, thanks to the fact that both of them were artists under the "Arts Group" (founded by Alan Tam’s relative Cheung Kwok-zhong) at that time. To paraphrase the gossip, when Andy Lau was banned by TVB, he tried to sell tickets to Alan Tam’s concert. Tan once "persuaded" Andy Lau to concentrate on being an actor and not to be a singer: "You are not so good at singing… unless you work very hard." Andy’s reply was: "You believe me, I will definitely do it, I will work very hard." Finally, the dream of Tianwang was realized.

　

"The Supreme Champion"

Going back to the movies, "Principal" and "Andy" have collaborated on 6 or 7 films, playing friends who share the same hardships and die together: sometimes the principal saves Andy ("Jianghu Love"), sometimes Andy "dies" for the principal ("Supreme"), sometimes they show their fists together ("Dragon Family", "Rich Corps"), sometimes they win and lose together at the card table ("Supreme Count Champion"), and sometimes they even face a hail of bullets overseas ("Shocking 12 Hours"), which can be described as colorful.

The Supreme.

Moreover, what these films have in common is that the box office is very good. In 1989, "Supreme" ranked fifth among the top ten best-selling films in Hong Kong that year (23 million Hong Kong dollars), and brought about the "gambling film" boom in the film industry – in other words, because of the success of the film, the later "God of Gamblers", so this pair of "Wang Jianwang" also gave birth to classics.

"The Rich Corps"

By the way, in 1990, the two were also selected as two of the five male stars of "Hong Kong’s top ten beautiful people" (the other three were Chow Yun-fat, Cheung Guorong and Chan Baiqiang). Just by looking at the appearance, you can know what is called Song Ying Yan Sanqi.

"Jianghu Love"

3. Alan Tam VS Lin Zixiang

Gong Xi Fa Cai.

Many people may not have imagined that the first film collaboration between "The King of Singers" and "Ge Yin" in the Hong Kong music industry was also a comedy released during the Spring Festival, and with the fame of the two at that time, this "Gong Xi Fa Cai" also entered the 1985 Hong Kong Top Ten Movies.

Even if they only talk about the music world, the two have no shortage of classic collaborations, such as co-hosting TV shows in the late 1970s, filming MV for Teresa Teng in the early 1980s, and singing a scene of "Ten Ten Inch" on the top ten hit songs in 1985, which is one of the classic scenes in the history of Hong Kong pop music!

In this "Gong Xi Fa Cai", the two play "Tianwai Cai Xian" and "unscrupulous profiteer" respectively, but the principal "tricked" Ah Lam – let him sing a big play and rob a bank, and Ah Lam was sent to a neurological hospital, which made people laugh. So far, the two have only collaborated on this drama, which is really not enjoyable enough for the audience.

　

4. Andy Lau VS Lin Zixiang

"The Best Boyfriend"

When it comes to Lin Zixiang’s most promising newcomer in the 1980s, Andy Lau bears the brunt, and can even be said to be his noble person. At the beginning of Andy’s debut, he was supported by Lin Zixiang, especially during the performance of Andy’s debut novel "Joining the Sea", Lin Zixiang often sang with him on the spot and encouraged him to develop into a singer. Seven years after "Joining the Sea", when the two collaborated on "Best Boyfriend", Andy was already a professional singer with several albums, which shows Lin Zixiang’s precise vision.

5. Leslie Cheung VS Chen Baiqiang

"Cheers" & "Unemployed" & "Merry Christmas"

In the Hong Kong music scene in the 1980s, Chan Pak-keung could be said to be the first true "idol singer", and from 1981 to 1983, he became the most popular male singer in Hong Kong, surpassing Xu Guanjie, Tam Elin, Lin Zixiang, etc. Even 25 years after his death, his "I Just Like You" and "What Do I Want in Life" are still popular Cantonese songs sung in the streets. And one of his best friends at the beginning of his debut was of course "brother" Cheung Kwok Wing. On the one hand, the two were artists under the "Gold Manager" Tam Kwok-kee at that time. On the other hand, the two collaborated on films such as "Cheers" and "Unemployed". On the other hand, they were also very popular. The former box office was closer to 3 million Hong Kong dollars, breaking the box office record of Hong Kong-made youth films.

In these two works, the two superstars who were in the era of "Little Fresh Meat" played each other’s classmates, "Applause" had an extra layer of "opponent" relationship (singing in the music competition), and Leslie Cheung’s "rebellion" and Chen Baiqiang’s "well-behaved" characters were also one of the most classic memories of Hong Kong audiences at that time. But perhaps "drama is like life". After filming "Unemployed Students", both of them refused to cooperate with each other in films, just like "A Bao" and "Young Master" in the film parted ways.

In 1984, the two once again "cooperation" "Merry Christmas", the film box office as high as 25 million Hong Kong dollars, not only was the year’s top ten hit film runner-up, so far is still the Hong Kong ten highest-viewed film seventh (about 2.31 million people), if on time under the Hong Kong average ticket price, the box office has exceeded 100 million Hong Kong dollars! But according to director Gao Zhisen recall, the two completely do not want to see each other in the shooting scene, even the last scene to use a double (although the brother appeared back)! But at the same time, the two people do not mind "Wang Jianwang" in the music industry, 1985 brother first concert, Chen Baiqiang system update as a guest and chorus "Cheers", it can be seen that the feelings are still there.

Now that the two kings of the music world have passed away, it is even more heartening to revisit the classic movies.

6. Leslie Cheung VS Andy Lau

"The True Story of Ah Fei" & "New Shanghai Beach"

If the Hong Kong entertainment industry is selected as "the best-looking male star in history", Leslie Cheung and Andy Lau will definitely be selected. Since they are not from the same era, they have little intersection in the music industry. However, when Andy Tsai’s music industry rose in 1990, the two still achieved their first "Wang Jianwang" with a "The True Story of Ah Fei". Watching the opposite play of the two is a typical portrayal of "acting skills + face value".

Six years later, the two of them collaborated on "New Shanghai Beach" again, and the two legendary images of "Xu Wenqiang" and "Ding Li" were also not incompatible. Therefore, although brother and Andy did not cooperate much, they finally got along well every time.

7. Leslie Cheung vs Jacky Cheung

The True Story of Ah Fei & Eastern Heretic and Western Poison

As early as the mid-1980s, although Jacky Cheung did not reach the level of "song god", he was already recognized as a "rising star" in the music industry. Later, he collaborated with his brother’s former manager Chen Shufen, which is also a portrayal of the fate of the two in the entertainment industry.

In the 1980s, although his brother and Jacky Cheung had an appointment to cooperate, they had different "levels" and did not go deep. In 1990, his brother quit the music scene, and the two finally "saw the king" in "The True Story of Ah Fei", but in terms of aura, Jacky Cheung was still a "little brother" in front of his brother at that time.

Four years later, the two collaborated on "Eastern Heretic Western Poison", which is summarized in one sentence: So you are Ouyang Feng and Hong Qigong like this! And in this play, my brother also became Jacky Cheung’s "agent".

The 1990s: The Four Heavenly Kings

If the 1980s was the peak of Hong Kong pop music, then the 1990s was the peak of entertainment superstars. During those 10 years, the legendary "Four Heavenly Kings" ruled the entire music scene, and the "Most Popular Male Singer" must have been produced among the four. The top ten Chinese/song hits accounted for half or even two-thirds, and the "Golden Melody Award" and "Sales Champion" could not escape their palms. In addition, they had countless fans on both sides of the Taiwan Strait and three places. Today, no one can replicate this glory that can rise to the level of "cultural influence"!

Of course, Hong Kong’s entertainment industry is characterized by "singing and acting". Naturally, the Four Heavenly Kings have been filming a lot (Andy Lau is particularly productive), and audiences have been expecting the four to co-star in a film, but it has not really been realized so far ("The Banquet of the Rich" is not included). So how many times have the four played opposite each other?

　

1. Andy Lau vs Jacky Cheung

"Mong Kok Carmen" & "Super School Fighter" & "Jianghu" &

Among the Four Heavenly Kings, Andy Lau and Jacky Cheung’s film collaboration lasted from the 1980s to 2016, which can be described as a "long love". Although in the music industry, the two "Wang can’t see the king" (Jacky Cheung admits that there is a "competitive mentality" with Andy Lau, and it is not common for the two to perform alone in the 1990s, and they will join the other two heavenly kings), the two often play "good brothers" in the film. The first is "Mong Kok Carmen", which is not only Wong Kar-wai’s directorial debut, but also the acting skills of the two heavenly kings are more recognized. Jacky Cheung also won the Academy Award for "Best Supporting Actor", which is still one of the masterpieces of the two’s film careers today.

In the 1990s "Super School Overlord", the two even performed "eating shoes" and "eating the refrigerator" stunts!

In 2004’s "Jianghu", the two continued the "boss" and "younger brother" images of "Carmen Mong Kok", and their aura was equal.

In 2016’s "Macao 3", although the two of them played very little (only playing table tennis and taking a group photo), it was enough to arouse the audience’s feelings for the "Four Heavenly Kings". Now it seems that Andy Lau and Jacky Cheung should belong to the "acting responsibility" of the "Four Heavenly Kings".

2. Andy Lau VS Guo Fucheng

"Nine One Condor Heroes" & "five hundred million Inspector Lei Luo Biography 2: Father and Son Feud" & "Machine Boy True and False Veyron" &

In contrast, the films that Andy worked with Chengcheng are more in line with the concept of "face value responsibility". In 1991, Andy established the "Sky Screen Film Company" and started filming the "September 1st Condor Heroes". At that time, Guo Fucheng was still not popular in Hong Kong, but Andy admired him very much, so he invited him to play the villain "Silver Fox" in the film. As a result, the two handsome guys had a lot of sparks. In addition to the box office hit, Chengcheng also nominated for the "Best Supporting Actor" at the Academy Awards, which can be described as a win-win situation.

One of the most impressive rivalry scenes is the "love affair" between the two heavenly kings.

In "five hundred million Inspector Leiluo Biography 2: Father and Son Feud", the two finally turned "enemy" into "pro", playing a father and son who went from "confrontation" to "understanding". This is the only time the two have performed a gunfight scene together so far. Of course, whether we let Chengcheng play Andy’s "son" or Andy plays "old man" in front of Chengcheng, maybe we will never see it again.

In 1992, Andy’s "Tianmu" company produced another "The True and False Dragon of the Machine Boy" and played the "retarded" and "genius" gang boss, and Chengcheng played his bodyguard. In this film, Chengcheng rarely appeared without the classic "Guo Fucheng Head" look. Instead, he used hair wax to comb into the "back head", but he was still equally handsome. After the cooperation of the three plays, Chengcheng’s character setting is relatively "cool" and even "angry youth", which is in sharp contrast to Andy’s comedy performances in "The Nine-Day Condor Heroes" and "The True and False Dragon of the Machine Boy".

　

Later, Chengcheng became one of the "Four Heavenly Kings", and the film cooperation with Andy was suspended. Of course, there were many performances in the music world at that time (Chengcheng was also a guest at Andy’s concert in 1994). It was not until 2012 that the two people jointly starred in "Chills", which "echoed" 19 years ago (1993) "Super School Overlord". The former Chengcheng starred in a cameo of Andy and the latter played a cameo of Chengcheng. But at this time, the roles played by the two who have become film giants are not what they used to be: a deputy commissioner of police, a director of security, and a powerful aura.

3. Andy Lau PK Dawn

"Dragons" & "Infernal Affairs 3: Ultimate Infernal"

Among the four heavenly kings, Andy Lau and Guo Fucheng may be "the king can’t see the king" because of their titles, but their feelings should have no impact. Although they have a "competitive" mentality with Jacky Cheung, they are not antagonistic in their relationship. But facing Dawn, they became recognized as "old enemies in the music world" at that time. Not only was PK powerful in the awards, but there were also reports of "disputes" and "fights" between the two factions of fans, so the two rarely appeared at the same time without the other two heavenly kings. It was not until 2010 that Andy’s concert, when Dawn appeared as a guest, cried and said that "after walking all the way, I realized that everyone was actually friends", and the public opinion really regarded it as "eliminating enmity".

　

In the 1990s, the two of them only co-starred in one "Dragon Teng Four Seas", but there were only two opposite scenes, which added up to less than 5 minutes. It can be seen that "cooperation" is quite taboo.

It was not until 10 years later that the two really had a rival play in "Infernal Affairs 3: The Ultimate Infernal". In fact, the conflict between Liu Jianming and Yang Jinrong was also one of the main lines of the third film, which was heavier than the one with Chen Yongren, and both the performance and the gimmick fully satisfied the audience. However, the gossip behind it was still boiling – it was rumored that Liming learned that Andy Lau’s salary was higher than his own, and he was so angry that he refused to take the role for a while. It can be seen that as long as the two cooperate, there will be turmoil, and it is better to act together less.

4. Jacky Cheung vs Dawn

"The Moon Shines on the East" & "Monster Beast City"

Although Liming minds co-starring with Andy Lau in a movie, he does not mind co-starring with Jacky Cheung. The first is that both of them are artists under "Polygold"; the second two have different routes (Jacky Cheung plays the main song, and Liming highlights the "Little Fresh Meat" attribute), so it will not be embarrassing or embarrassing to play opposite scenes.

　

But it was no coincidence that Andy Lau and Guo Fucheng had to "fight" for the first time in a rival play, and Jacky Cheung and Liming were no exception: for the first time, they collaborated on "The Moon Shines on the East of Jiandong" (in 1992, there was no "Four Heavenly Kings" at that time, but Jacky Cheung and Liming had already called Liu Dehua the "Three Musketeers"). In the climax scene, the two fisted and splashed with blood, and the purpose was only for one woman (Guan Zhilin). Speaking of which, this is the only time in the film where the Four Heavenly Kings cooperate with each other to fight for "love".

Of course, in terms of acting skills, Jacky Cheung’s performance in the film is still better than Dawn’s, especially the "prince" who has gone mad at the end to fulfill his lover and rival in love and commit suicide in the sea. It can be regarded as the most tragic scene in the film where the four heavenly kings cooperate with each other.

In the second "Monster Beast City", the two "turn enemies into friends" and play the colleagues of the SWAT team who capture monsters. But this time it is Tsui Hark who collaborates with them, so the friendship between the two in the film is diluted by each other’s love scenes with Li Jiaxin and Li Ruotong. So after watching the movie, we can remember that the two "Li Meimei" are very charming, but we don’t quite remember the spark of the rival scenes of the two heavenly kings. Maybe they both appeared in science fiction films as "Wenqing", which is a bit impressive, right?

　

Easter Egg: Andy Lau VS Jacky Cheung VS Guo Fucheng: "Super School Overlord"

1993 was the year when the "Four Heavenly Kings" were the most popular, and both competition and even grudges officially broke out in this year, so it was a fantasy that the four of them could cooperate in a movie! But Wang Jing still tried his best to pull three of the Heavenly Kings (although Guo Fucheng was only willing to make cameos) and became the biggest gimmick of the play. As long as they could stand together, the audience would watch it. Therefore, "Super School Overlord" also took more than 17 million at the box office as a bad movie, which is quite rare.

Of course, seeing this scene, many viewers will still consciously make up Ren Dahua’s "brain" as Dawn, and this drama has become the only "opponent drama" between Jacky Cheung and Guo Fucheng so far.

New Century: Unique

After the "Four Heavenly Kings" ended, the first "Heavenly Kings" to become popular in the Hong Kong music scene were undoubtedly Nicholas Tse and Eason Chan. Nicholas Tse became red to purple around 2000, such as "Love Because of Love", "Must Go", "Thank You for Your Love 1999" and other golden songs, which became the most classic memories of young people on both sides of the Taiwan Strait; Eason Chan gradually rose after 2001. "Ten Years" and "Next Year Today" became the golden songs of "Bad Street" in both the mainland and Hong Kong, and they are still well-deserved superstars today. In short, during the peak period of this "girlfriends", their music influence can be described as "one ride on the dust"!

　

Of course, they have also cooperated with the heavenly kings in the film industry to see who they are.

1. Nicholas Tse VS Xu Guanjie

"The Big Winner."

This is the last film that Xu Guanjie has starred in so far. Although it is not a match for the protagonist Nicholas Tse, it is a collaboration that spans 30 years of Hong Kong pop music. What’s more, one is still retiring, and the other is at the peak, which is another level of "Wang Jianwang".

2. Nicholas Tse VS Wu Bai

"Countercurrent."

Since they are both good at playing rock and roll, Nicholas Tse and Wu Bai must be very compatible both inside and outside the play. Of course, the first cooperation also needs to be "fierce", so there is this "Downstream". The two in the film are not only very cool in appearance, but also quite good in skills. Coupled with a good reputation, on the one hand, more people have invited Wu Bai to act, and on the other hand, Nicholas Tse has further opened up his style and market as an "action actor".

3. Nicholas Tse VS Andy Lau

The New Shaolin Temple.

In 2011, Nicholas Tse collaborated with Andy Lau for the first time in "New Shaolin Temple", even if he was willing to play the villain, but in the end the film also got him nominated for the Academy Award for "Best Supporting Actor". As the king of two generations, Andy Tse made more audiences know him by inviting Nicholas Tse as a concert guest, so Nicholas Tse has always been grateful to Andy, and this time "Wang Jianwang" also showed their acting skills.

4. Nicholas Tse VS Jay Chou

"The War Against Us"

In the new century, the two kings of Hong Kong and Taiwan "saw the king" for the first time, just like the cooperation between Nicholas Tse and Wu Bai in "Downstream", they must be "fierce" to attract the audience, not to mention that the two are such "unique" superstars, how can they not attract the audience’s attention?

In this collaboration, the two followed the classic "Brothers + Two Heroes" model of Hong Kong films, from Malaysia to helicopters and then to the sea ship. How popular can they be? Even if they don’t talk about their acting skills, they are full of gimmicks.

5. Eason Chan VS Guo Fucheng

"Charge"

In fact, Eason Chan cooperated with the king of music earlier than Nicholas Tse, and the first time was this "Charge". The two generations of kings co-starred in the duo, both gunfight and funny, with their own points of view. More importantly, through participating in different types of works, Eason Chan allowed more audiences to see his malleability in performance.

6. Eason Chan vs Andy Lau

"Brothers of Life and Death"

The former "Wireless Five Tigers" could not make up for Tony Leung, but with Eason Chan, the king of heaven, he did not lose. Although Eason Chan’s acting skills are still young in front of the other four tigers, he is also better at never having stage fright when performing such a serious police and bandit theme, and he has handled the role well, which shows that he is an actor himself. And the film is also very addictive to coreference with Andy Wai pistol, and the theme song "Brothers" co-written by the two (composed by Eason Chan and written by Andy Lau) is equally classic.

7. Eason Chan vs Lin Zixiang

"Wild Dog"

As a "hidden song", Lin Zixiang, who has faded out of the film industry after the new century, has also worked with Eason Chan. In fact, since Eason Chan’s debut, Lin Zixiang has been very optimistic about him. In addition to singing "Ten Inch" with him in concerts, he has also designated him to cover his classic song "Digital Life", which shows the fate of the two generations of "Heavenly Kings". The two are rare to play "opponents", and this time they have also done their homework. This film has also become another masterpiece of director Guo Zijian.

So over the past 30 years, there have been countless examples of the two great singers in the music industry "Wang Jianwang" in movies, and from the perspective of film standards, at least most of them have been regarded as classics by the audience. It can be seen that although they are singers, their acting is also full of spark. With this alone, how can you not look forward to "Undercover Superstar"?

　　Guide: How big do you expect the impact of the epidemic on the domestic economy in 2020? Zong Qinghou said that the impact is very large, and the key is that the global epidemic is still evolving. But he also believes that to boost the economy, only to stimulate domestic demand. China is a big market with a 1.40 billion population. As long as domestic demand goes up, it will be no problem to develop at a high speed for many years.

　　Source: 21st Century Business Herald (ID: jjbd21)

　　Journalist Shu Bao Hui

　　EditorShu Li Yilin, Video Editor, Wang Bo

　　During the cold winter, Wahaha, which had always been stable, became "radical".

　　On April 28, at the headquarters of Wahaha Group, No. 160 Qingtai Street, Hangzhou, in this simple six-story building, Zong Qinghou once again accepted an exclusive interview with the 21st Century Economic Herald reporter to explain his thoughts on the epidemic and e-commerce.

　　At the moment of crisis under the epidemic, the biggest problem many companies face is insufficient cash flow, which cannot survive the day of retaliatory consumption after the epidemic is over. This problem does not exist in Wahaha.

　　In February, when it was completely shut down, Wahaha lost only 100 million yuan. But its bank account was still sitting on more than 10 billion yuan in cash. In this way, Wahaha could be shut down for 10 years without going bankrupt. In fact, Wahaha restored 80% of its production capacity in March, and its sales in April had increased by 30% compared with the same period last year.

　　So when the real economy was full of grief, many companies were laying off staff and cutting wages, and shrinking the front line, Wahaha took the opportunity to expand aggressively. It announced that it would invest billions of yuan to launch four new e-commerce platforms, and "bottom fishing" talents, to recruit 100,000 social retailers.

　　In 2018, Zong Qinghou, chairperson of Wahaha Group, summed up his business philosophy in an exclusive interview with the 21st Century Business Herald reporter as "focus on the main business, run in small steps". The so-called "small steps" refers to being careful in decision-making, expanding in small steps, and immediately retreating to stop losses if you find something wrong. "Run" refers to acting quickly when an opportunity arises, seizing the opportunity, and not hesitating.

　　Among China’s private entrepreneurs, Zong Qinghou is very special. He has adhered to two principles for decades: one is not to do "quick money" industries such as finance and real estate, and the other is not to operate in debt. Even if it takes tens of billions to launch four e-commerce platforms in one fell swoop, he still insists on all investment from equity funds.

　　Wahaha has developed from the distribution department of a school-run enterprise to a leading enterprise in China’s beverage industry with total assets of nearly 40 billion yuan. It has persevered and changed with time. The environment has changed, consumers have changed, and so has Wahaha. Is Wahaha also stepping on the node this time when it enters e-commerce?

　　

　　Responding to the epidemic: Wahaha has more than 10 billion cash deposits

　　"21st Century": Have you measured Wahaha’s cash flow? Is it safe?

　　Zong Qinghou: It’s very safe. We still have more than 10 billion yuan in cash deposits in the bank.

　　"21st Century": How much is the company affected by the epidemic, how much has the income decreased compared with the same period last year, how is the resumption of work and production, has the order been affected, and has there been any layoff and salary reduction?

　　Zong Qinghou: We lost almost 100 million yuan in February this year. Because we can’t start work, we still have fixed expenses. We have three production bases in Hubei Province, in Wuhan, Yichang and Hong’an. Wuhan is the last base to resume production.

　　None of Wahaha’s tens of thousands of employees were infected, so Wahaha was one of the first companies to resume work. Our production capacity returned to around 80% in March. Sales in April increased by 31% compared with the same period last year, and orders increased by 21% compared with the same period last year.

　　Instead of layoffs and salary cuts, Wahaha is preparing to expand its recruitment significantly. First of all, Wahaha has recruited more than 1,000 high-level talents from around the world in the two directions of "big health" and "intelligent manufacturing", including nutritional function support engineers, health food research and development engineers, etc. Secondly, our new e-commerce platform will also recruit 100,000 social retailers. We want to find 100,000 newly graduated college students, each of whom will give him 100,000 loans to be our health care product distributors.

　　21st Century: Why did sales increase by 31% year-on-year in April? Is it because of retaliatory consumption after the epidemic?

　　Zong Qinghou: No, revenge consumption did not appear. Mainly because we prepared earlier and acted quickly. Sales growth was mainly achieved by expanding sales through various operating methods.

　　"21st Century": Wahaha is not greatly affected by the epidemic?

　　Zong Qinghou: Now the overall market has shrunk due to the impact of the epidemic, but it is expected to rebound after the epidemic has passed. So now we are more proactive and seize the opportunity to seize the market.

　　For example, if offline promotion is not possible during the epidemic, we will require distributors, wholesalers, and retailers to establish WeChat groups and hold promotion meetings in the WeChat groups. In addition, we are also looking for partners to deliver products to communities, government agencies, enterprises, and institutions.

　　Picture/Visual China (000681, stock bar)

　　E-commerce layout: resolutely do not burn money to buy traffic

　　"21st Century": Is the idea of building an e-commerce platform before or after the epidemic?

　　Zong Qinghou: It was there before the epidemic, but the epidemic made this idea more bold and clear. Before the epidemic, I just wanted to build an e-commerce direct sales platform for health products, and promote the combination of online and offline channels to create a digital marketing platform. After the epidemic, I decided to build four.

　　"21st Century": So before the epidemic, Wahaha only wanted to build a health care product e-commerce platform, but after the epidemic, Wahaha decided to launch four e-commerce platforms in one go?

　　Zong Qinghou: Before the epidemic happened, we wanted to build an e-commerce platform for health products in the vertical segment. Wahaha’s main business is from "safety to health", so it hopes to produce healthy food and health food to meet the needs of consumption upgrading. If you want to build a new health product sales channel, the e-commerce channel is still relatively easy. And there is no e-commerce platform dedicated to selling health products.

　　The other is the food and beverage sales platform. We integrate distributors, wholesalers, and retailers into this platform, making it more convenient for them to place orders and ship goods. At the same time, we can also sell food and beverage products for other companies.

　　Our offline channels are already very strong. Now export enterprises are blocked from exporting. All countries in the world are affected by the epidemic, which is giving rise to the global financial crisis and economic crisis. So what should domestic export enterprises do? Export cannot be done, and the domestic market competition is too fierce. Our self-built e-commerce platform can help some export enterprises solve sales.

　　Cross-border e-commerce platform. Due to the upgrade of domestic consumption, we import some foreign high-quality products and bring some consumption back to China. The fourth platform is Habao Amusement Park, an online platform dedicated to young people’s communication, sharing and shopping.

　　We are preparing to officially launch the other three platforms during this year’s "618" e-commerce festival. Cross-border e-commerce platforms will not be launched until the second wave due to the global epidemic.

　　"21st Century": The traffic dividend period of the e-commerce platform has passed. The biggest problem with the self-built platform is where does the traffic come from? Can Wahaha’s brand extension be supported as an e-commerce platform?

　　Zong Qinghou: On the issue of traffic, I am determined not to burn money to buy traffic. Our platform mainly helps factory direct sales. On the one hand, we can prevent counterfeiting and shoddy products, and on the other hand, we can get fairer and more reasonable prices by skipping the intermediate link. Health product e-commerce platform We want to recruit 100,000 entrepreneurs to be retailers.

　　The food and beverage e-commerce platform should incorporate the joint sales network that has been built over the past 33 years, covering nearly 10,000 dealers, hundreds of thousands of wholesalers, and millions of sales end points, so that every offline store can become an e-commerce warehouse or transfer station, and every in-store salesperson is a delivery person. Like capillaries, it penetrates into counties, towns and villages across the country, and distributes products to the whole country at the fastest speed and lowest cost.

　　"21st Century": Throughout the relationship between manufacturers, it has always been a game. It is difficult for a company to be both a "factory" and a "business" at the same time. Wahaha has crossed the border from factory to business this time. Are you ready? Can the original system, products and operation details match?

　　Zong Qinghou: Our e-commerce platform is a brand-new sales channel established online, which will not touch the original offline price system.

　　"21st Century": Hundreds of thousands of wholesalers, millions of sales end points, what do you think of your own food and beverage e-commerce platform?

　　Zong Qinghou: It has no impact on dealers, and there is no conflict. It is more convenient for them to place orders through this platform, and it can also increase sales for them. It is impossible for me to destroy my original offline basic dealer channel for new e-commerce channels.

　　"21st Century": In the past, you said you would neither resist nor embrace, but now you have built your own platform to actively embrace e-commerce. What has prompted your change?

　　Zong Qinghou: I have never resisted e-commerce. What I resisted was burning money to buy traffic and counterfeit and shoddy products to disrupt the market. Since the outbreak of the epidemic, roads have been closed everywhere, cities and communities have been closed, and a large amount of consumption has been transferred from offline to online. Now consumers’ online shopping habits have been formed. So the general trend cannot be violated. But with the easing of the epidemic, consumers’ offline consumption trend has rebounded. People always have to go out, and it is impossible to rely on online shopping at home forever.

　　"21st Century": How much will be invested in these four platforms in total?

　　Zong Qinghou: About tens of billions.

　　"21st Century": Where does the money come from? Is there a bank loan?

　　Zong Qinghou: No, all are equity funds.

　　"21st Century": Bank presidents will cry when they hear it.

　　Zong Qinghou: No, the governors also like us very much. Because we solved the deposit index for him.

　　"21st Century": Are you responsible for these e-commerce platforms? What is your main focus now?

　　Zong Qinghou: I am in charge of the preparation now, and I will definitely hand it over to the management later. I have a lot of things to do now, developing health care products, purchasing equipment, building factories, and so on.

　　"21st Century": The crisis is the most testing time for the company. In addition to rebounding after the epidemic is over, what measures has the company taken to save itself? What other expansion plans does Wahaha have this year?

　　Zong Qinghou: Focusing on our e-commerce platform, we are now establishing our own health care product production base.

　　21st Century: Will entering the e-commerce platform help Wahaha’s digital transformation from traditional manufacturing to production, management and sales?

　　Zong Qinghou: In fact, Wahaha has been doing digital transformation for a long time, and the digital economy is the No. 1 project in Zhejiang Province. Wahaha introduced foreign advanced production lines in the early days, and later introduced stand-alone machines, integrated automated production lines, and now designs and plans its own smart factories.

　　A few years ago, we have felt that industrial robots will be an important direction for the development of artificial intelligence manufacturing. Many traditional manufacturing companies purchase equipment, but Wahaha chooses to develop independently. This is Wahaha’s most important industry after food and beverage. Wahaha has become the only enterprise in the domestic food and beverage industry with the ability to develop, design, and install and debug equipment by itself. Now it is mainly for self-use, and it will go to the market in the future.

　　Photo/21st Century Business Herald, photo by Bao Hui

　　Talking about the economy: Boosting domestic demand is fundamental

　　21st Century: How big do you expect the impact of the epidemic on the domestic economy in 2020?

　　Zong Qinghou: It has a great impact. The key is that the global epidemic is still evolving, so it has a great impact on our exports. The "troika" of development in the past – exports, investment, and consumption – can’t rely on exports and investment now. I think to boost the economy, only by stimulating domestic demand. China is a big market with a 1.40 billion population. As long as domestic demand goes up, it will be no problem to develop at a high speed for many years.

　　The consumption upgrade of China’s 400 million middle class has driven the rapid development of the domestic economy in the past few years, but now they have consumed everything they can consume at home, and then they have gone abroad to spend, such as buying luxury goods, traveling abroad, and sending their children to study abroad.

　　The key now is to stimulate the domestic consumption of the remaining 1 billion people, and to pull back some of the consumption of the 400 million middle class abroad, such as opening duty-free shops in China.

　　Aiming at the vast rural market, is the state considering restricting the import of agricultural products (000061, stock bar), because foreign imported agricultural products are cheaper than domestic farmers. Raise the price of agricultural products to encourage some migrant workers to return to their hometowns for employment and increase their income.

　　There are also tax cuts for enterprises, such as reducing corporate income tax by 5% -10%, but the limited part of the reduction must be used to increase employees’ wages, otherwise it will not be reduced for you. In this way, the income of urban residents will increase. The increase in income of urban and rural residents will naturally pull consumption. Now young people’s consumption concepts have also changed. They are willing to spend and dare to spend. As long as their income increases, consumption will naturally rise.

　　"21st Century": Consumption coupons are now being issued everywhere. What do you think of this measure?

　　Zong Qinghou: Although the government now has various relief for enterprises, such as loans, it can’t be released at all, because enterprises have resumed work and production, but there are no orders, no demand, and they don’t know what business to do with the money they borrowed, so some of them have flowed into real estate speculation. So the key to boosting the economy now is to stimulate domestic demand. The government has tried its best to help enterprises tide over the difficulties, but there must be demand at the source to have orders. No policy is useless without demand.

　　21st Century: After this epidemic, many private enterprises are reflecting on whether their business models have the ability to resist risks. What do you think?

　　Zong Qinghou: Many private enterprises, especially small and medium-sized private enterprises, have closed down. In addition, there are some enterprises that have over-invested and over-indebted, and it is difficult to survive now. The cash flow is stable, and I think it can still survive.

　　21st Century: How do you think private enterprises should be supported?

　　Zong Qinghou: Now the government is very supportive of private enterprises. I think the key is to stimulate domestic demand, so that the people (603883, stock bar) have the ability and willingness to consume, so that private enterprises can open their doors to do business.

　　Interview Notes | Wahaha’s tens of billions of deposits account, what do banks think?

　　There is a controversial voice about Zong Qinghou in the outside world that is "conservative".

　　After many interviews, it was discovered that there is actually a little-known story behind the controversy. Briefly, in 2014, Zong Qinghou publicly criticized the negative impact of e-commerce on the real economy, which caused controversy.

　　In fact, he is not against ecommerce. "I used to be dissatisfied with them [ecommerce] because I was not satisfied with burning money to buy traffic and selling fake and shoddy products," he said. "I am not against ecommerce, and I think ecommerce should go deep into the countryside to help farmers sell their products, because farmers’ information is relatively closed, and increasing production does not increase income."

　　Due to the large weight and small added value of Wahaha’s drinking water products, his previous caution towards e-commerce is not difficult to understand.

　　But in fact, Wahaha joined hands with Alibaba to launch a shared service credit kiosk in September 2017, launched "Habao Amusement Park" in December 2018, and launched product promotion on Douyin, WeChat, Weibo and other platforms in 2019.

　　Although he is a 75-year-old, he remains constantly alert to changes in the market and is willing to embrace innovation when he perceives changes and finds possible solutions.

　　He is not a stubborn old man who does not embrace change and modern technology. Wahaha’s factory building has China’s first intelligent beverage production line. His bookshelves are densely packed with maps, full of maps marking the markets he has visited on the spot, and his footprints are all over China’s urban and rural areas.

　　In recent years, Zong Qinghou has expanded the scope of investigation on the map to include the United States, Israel, and others.

　　An epidemic in 2020 dragged the world into the cold winter of economic recession. He also saw that since the epidemic occurred, due to road closures, cities and communities, a large amount of consumption has shifted from offline to online. He knows that the general trend cannot be violated.

　　Photo/Tuchong

　　Zong Qinghou’s shaping of Wahaha is far from as simple as leading the crowd to win countless battles and wars. In 1988, he independently developed Wahaha nutrient solution to complete the original accumulation, in 1991, he merged with the old state-owned factory to achieve large-scale operation, in 1996, he and Danone jointly introduced foreign capital for their own use, and in 2005, he launched the Nutrition Express with a cumulative output value of more than 100 billion yuan. To bottled water, Zong Qinghou’s every step is stepping on the node of the times. This time, he launched four e-commerce platforms in one go. Is he also stepping on the right rhythm?

　　But no matter whether it is accurate or empty, it is Zong Qinghou and Wahaha who benefit or suffer.

　　From the institutional side, the billions that Wahaha is prepared to invest this time are all its own real money, without any money from investors or credit from banks. For consumers, there is one more choice and channel, which is usually good for consumers.

　　Wahaha is another "extreme" compared to companies that are overextended and mired in debt crisis. It has never left its main business of beverages. Except for the early days of its establishment, it has insisted on not borrowing a penny of foreign debt for more than 30 years. Therefore, Wahaha has been questioned as "conservative" in the past.

　　But fast is slow, slow is fast. Businesses are like people, sometimes ill, need to think about how to improve their own immunity?

　　In terms of industry and finance philosophy, Wahaha has persisted in not lending a penny for decades. On weekdays, it seems that such enterprises are too "conservative", but in the cold winter, it is a precious "immunity" that allows enterprises to withstand the next spring. Reasonable cash flow is life infra for enterprises.

　　Editor of this issue, Li Yutong

This article was first published on WeChat official account: 21st Century Business Herald. The content of the article is the author’s personal opinion and does not represent the position of Hexun.com. Investors operate accordingly, and please bear the risk.

Recently, news about Huawei’s new generation of flagship phone P7 has been exposed on the Internet, and the IPO time of Huawei P7 has not been determined. Now many users are concerned about the time of Huawei P7 conference. The following editor will bring you the latest Huawei P7 IPO time news.

According to the latest news reports, on the evening of April 22, Huawei released a preview on its official Weibo, saying that "every 7 is a legend; every 7 will come! 5.7 is worth 7", hinting that the new flagship Huawei P7 conference will be officially held on May 7…

Huawei’s press conference will be held on May 7. The P7 features a 5-inch 1080p display

According to previous news, the Huawei P7 will use a 5-inch 1080p display, equipped with 1.8GHz Kirin 920 octa-core processor built-in 2GB memory and 16GB body storage, equipped with a 1300W pixel camera and an 800W pixel front, built-in 2700mAh capacity battery, equipped with running Android 4.4.2 operating system.

The price is expected to be around 2688 yuan, and the fuselage is available in four colors.

1905 movie network news On August 23, Zhang Xinyi announced the good news of pregnancy on Yuan Hong’s birthday and posted an ultrasound photo, and netizens sent blessings one after another. However, Yuan Hong’s friend Hu Ge’s Weibo was captured by netizens, and everyone left messages "urging marriage". The scene was very funny.

Hu Ge and Yuan Hong are college classmates who slept in the same dormitory, and their relationship is very deep. When Yuan Hong got married in Germany in 2016, Hu Ge was also Yuan Hong’s best man. As a good brother, Yuan Hong also said in an interview: "We are in the same mood as his (Hu Ge) parents. This matter cannot be rushed, and it is useless for anyone to worry about fate for him. Of course, we hope that he will start a family earlier. I have been brainwashing him, saying how good it is to get married, but it is useless to say more. When fate arrives, it will naturally happen."

"Yuan Hong is about to become a father. When are you getting married?" "Are you married today?" "If you don’t hold on tight, you won’t even be able to find the best man!"

Dear readers, welcome to stay tuned for updates from Mok. Today we will introduce you to a former kung fu superstar, an actor who rose to prominence in the golden age of Hong Kong cinema. He is Samuel Hung.

It is hard to believe that he once weighed more than 100 kilograms. However, a photo from 2020 is eye-popping. His face is clear-cut, and there is no fat on his neck. Only skin is left. This slimming mystery has attracted widespread attention.

But what is even more worrying is that in recent years, photos taken by netizens show that Hong Jinbao has had to rely on a wheelchair to go out.

This has sparked speculation about what made the former kung fu superstar so different. Some speculate that he may be sick, but what exactly does it take to make someone lose more than 25kg in just one year?

Mr. Hung was a shining star of the golden age of Hong Kong cinema in the 1980s. He helped bring Hong Kong cinema to its peak with kung fu stars such as Jackie Chan and Jet Li. His family background is also unusual. He was born into a film family. His grandfather Hong Ji and grandmother Qian Siying both left a strong mark on the history of Chinese cinema. This family background undoubtedly laid a solid foundation for Hong Jinbao’s acting career.

Hong Jinbao has been passionate about filming and kung fu since childhood. As a child, he entered the Peking Opera class of the China Academy of Drama to study. Among his classmates were many later kung fu superstars, such as Jackie Chan and Yuan Biao. And Hong Jinbao, as the oldest one, became the first person to set foot in the entertainment industry. At the age of 12, he entered the film industry as a child star. He began to participate in martial arts dramas at the age of 18. In his 20s, he has become a leading actor. Such achievements are no easy feat for a young person.

However, Samuel Hung’s career has not been smooth sailing. He once challenged Bruce Lee, but before he could stretch out his foot, Bruce Lee’s leg was already resting on his face.

The unexpected death of Bruce Lee scattered the martial artists who had followed him. For his own career, Hong Jinbao established the Hong Family Class. This group has trained many famous actors, including Jackie Chan, Afternoon Horse, Qian Jiale, etc. The most famous of them is Lin Zhengying. He became famous with "Mr. Zombie", and Hong Family Class also officially entered the Hong Kong film industry.

However, time is not forgiving. With the rise of the Internet, old-fashioned Hong Kong films have gradually been phased out by the times, and Hong Jinbao has gradually faded from the public eye. Although he directed and starred in a film "My Agent Grandpa" in 2016, his results are far worse than that of the year. He admits that he has not kept up with the changes of the times and feels like an old man who has been abandoned by the times.

In 2017, Samuel Hung underwent knee surgery. His knee problems have long been bothering him. After the surgery, the doctor advised him to lose about 25 kilograms of weight. Therefore, we have seen many photos of him on crutches or in a wheelchair in recent years. Samuel Hung follows the doctor’s advice very well. In general, he uses a wheelchair, and only in formal settings does he use crutches.

Photographs from 2020 show that Samuel Hung’s weight loss results are quite remarkable. He looks refreshed and in a good mood. However, in the past two years, he seems to have gained weight again. Some people have begun to wonder whether his illness caused the sharp weight loss. After all, a person’s sudden weight loss in a short period of time is often a sign of physical problems.

In fact, it was not out of the blue that Samuel Hung began to consciously control his weight after knee surgery. However, for the former kung fu superstar, his body has suffered too much damage, which may be the price of time.

Samuel Hung, a former screen star, is now old and away from the big screen. However, his classics will live on forever, and we hope he can take care of his body and have a wonderful time

Old age.

At this prime age, Samuel Hung may no longer be active in front of the screen, but his brilliance still illuminates the film industry. Countless audiences still miss his classic martial arts scenes and funny performances.

His works have long transcended the time of generations of audiences, becoming immortal classics that will forever remain in the pages of film history.

We cannot predict the future of Samuel Hung. Perhaps he will continue to be active in the entertainment industry in other ways, or he may choose to enjoy a peaceful retirement. Either way, his contributions and legends will always be remembered, and his story will continue to inspire a new generation of actors and audiences.

In the end, Samuel Hung’s experience tells us that time leaves its mark on everyone, but no matter what, we should cherish our health, fight against adversity, and embrace every stage of life. Samuel Hung was the "flexible fat man", and now he is the eternal kung fu superstar in our hearts.

Responsible editor:

"Harbor Business Watch" Wang Xinyi

Left-handed car, right-handed mobile phone, and a rocket on the back. Geely Group’s current business can be described as getting busier and busier.

Looking closely at the automotive sector, the latest monthly car sales have declined year-on-year. On the new energy vehicle track, how can veteran Geely widen the gap with new forces?

01

Acquiring Meizu, Geely’s Rocket Dream "Ambition"

Zhejiang Geely Holding Group Co., Ltd. (hereinafter referred to as Geely Group or Geely Automobile, 00175.HK) was founded in 1986. It started from the production of refrigerator parts and developed to the production of refrigerators, freezers, building and decoration materials and motorcycles. Until 1997, Geely Group officially entered the automotive industry. Five years later, in 2002, Geely Automobile had reached the top ten achievements of Chinese automobile enterprises.

According to public information, Geely Group currently owns Volvo Cars, Geely Automobile, Lynk & Co Automobile, Polestar, Proton Automobile, Lotus Automobile, London Electric Vehicle, Long-range New Energy Commercial Vehicle and other automobile brands. But unlike other private auto companies, Geely Group’s "ambitions" do not stop at automobiles.

On the afternoon of June 13, 2022, the State Administration for Market Regulation announced the case of Hubei Xingji Times Technology Co., Ltd. acquiring the equity of Zhuhai Meizu Technology Co., Ltd. According to the public information, Xingji Times has signed an agreement with Meizu Technology and the shareholders involved in the transaction, and Xingji Times intends to acquire 79.09% of the equity of Zhuhai Meizu and become the actual controlling person.

Hubei Xingji Times Technology Co., Ltd. is a mobile phone company under Geely. It was established in September 2021. According to relevant public information, Geely Mobile has established four new companies in May this year. But currently choosing to enter the mobile phone industry does not seem to be the best option.

The Prospective Industry Research Institute’s "China Mobile Phone Industry Market Prospect and Investment Forecast Analysis Report" shows that from 2018 to 2021, the proportion of domestic brand mobile phone shipments in total mobile phone shipments showed a downward trend, and the proportion of domestic mobile phone shipments in 2021 was 86.6%, the lowest point in the past four years.

The reason why Geely chose mobile phones, Li Shufu, chairperson of Geely Group, explained: "Mobile phones can connect vehicles to everything, satellite Internet, create rich consumption scenarios, and strengthen the ecosystem, which is conducive to building a user ecological chain, building a corporate moat, and better coordination with the automotive business."

If mobile phones are about better synergy with the car business, then Geely’s dream of "going to heaven" seems to be explained by this.

On April 17, 2020, Yang Xueliang, vice president of Geely Automobile Group, posted on Weibo: "Recruitment of rocket chief engineer, welcome to sign up, resume @Geely Recruitment." On June 2, 2022, Geely Automobile launched a rocket carrying a total of nine satellites.

In order to build a better intelligence system, Geely Group’s "buy buy buy" has involved many fields. Some people think that if you do too much, you forget to start a car, and the car is not good.

"This statement is in line with the fact that companies need to focus on their main business and avoid the dispersion of resources." Bai Wenxi, chief China economist at IPG, told Harbor Business Watch:"Geely’s acquisition model, whether it is the acquisition of a number of car companies before or the recent acquisition of Meizu in the mobile phone sector, can only be sustainable and enhance and strengthen the industrial chain and ecosystem of the enterprise if it realizes the specialization of the operation while diversifying the investment.

02

Sales volume is under pressure, net profit and net asset return continue to decline

Looking at the main business of Geely Group, the latest sales data of Geely Automobile does not seem to be satisfactory. According to Geely Automobile’s monthly report,The cumulative sales volume in the first five months of 2022 was 487,000, down 8% year-on-year. Among them, the sales volume in May was 89,100, down 7% year-on-year.

The difference is that Geely Automobile has achieved new breakthroughs in the field of new energy vehicles in the sub-sector. In May 2022, Geely Automobile sold 19,619 new energy vehicles, an increase of 304% year-on-year, an increase of 39% month-on-month, and a penetration rate of 22%.

Not only Geely Automobile’s new energy brand, the entire new energy vehicle industry has achieved good results in May. According to the latest data released by the China Association of Automobile Manufacturers, China’s new energy vehicle sales in May were 447,000, an increase of 49.6% month-on-month and 105.2% year-on-year. The cumulative sales volume from January to May was 2.003 million, an increase of 111.2% year-on-year.

For new energy vehicles, the outside world has always held a high degree of popularity, and there is no shortage of optimism about new energy vehicles. Yu Fenghui, a famous economist and new finance expert, told Harbor Business Watch: "The replacement of fuel vehicles by new energy vehicles is definitely a direction. In the current situation where the oil price is about to exceed ten yuan per liter, it is an opportunity for new energy vehicles. Although the price of new energy vehicles is also rising, the price increase is a rigid cost and must be raised. If it does not rise, it will lose money. But new energy vehicles must be a development opportunity. It can be seen that although new energy vehicles are temporarily difficult, the pace of development of new energy vehicles deserves to be firmly optimistic."

For the capital markets, this year’s new car-making forces are on the rise. On March 10, 2022, NIO landed on the Hong Kong Stock Exchange, which is NIO’s second return to Hong Kong listing after the listing of US stocks. On March 17, Zero Run Auto submitted a prospectus to the Hong Kong Stock Exchange. On June 1, Weimar Motor also chose to submit to the Hong Kong Stock Exchange. In the face of the new energy vehicle cake that the market is competing for, how can Geely Automobile join the list?

According to public information, Geely Automobile has Geely New Energy, Lynk & Co, Geometry, Proton, Lotus, Volvo New Energy and Extreme Krypton in the new energy sector. This year, Geely will add two new energy vehicle brands. On June 17, Geely’s new new energy brand RADAR held a brand launch. On June 21, Geely Ruilan brand will also be officially released. The official description of the brand is that it focuses on the positioning of "changing electricity and light travel".

Compared with the "back waves" of new energy vehicles, Bai Wenxi believes: "Geely Automobile is growing faster than itself in the field of new energy vehicles, but compared with other new energy and new power car companies, both in terms of core technology innovation ability and marketing seem to be slightly inferior, but Geely’s enterprise scale, industrial supporting and manufacturing capabilities will be stronger."

Look at Geely Automobile as a whole in recent years. In 2021, Geely Automobile achieved operating income of 101.611 billion yuan, which is the second time after 2018 that its revenue exceeded 100 billion yuan. In 2019 and 2020, Geely Automobile’s revenue was 97.401 billion and 92.114 billion respectively, showing a downward trend. Correspondingly, Geely Automobile has continued to decline in net profit attributable to its parent in the past three years.From 2019 to 2021, 8.19 billion, 5.534 billion and 4.847 billion.

Bai Wenxi said: "The reason why the revenue will exceed 100 billion again, while the profit of the parent company continues to decline, on the one hand, it may be related to the decline in the average gross profit margin caused by industry competition, and on the other hand, it may also be caused by the increase in the proportion of sales of low-margin products in the product structure caused by the adjustment of the company’s market strategy."

At the same time,Geely Automobile’s average return on net assets in the past three years has shown a significant downward trend, reaching 16.48%, 9.37% and 7.33% respectively.

Some market voices believe that the company’s net profit has continued to decline, as has the average return on net assets, which may reflect to some extent that the company’s profitability is weakening. How does the company plan to boost it? Harbor Business Watch contacted Geely Group to inquire about relevant issues, but did not receive a corresponding reply.

In addition to the decline in performance, in the capital markets, Geely Automobile has not been able to escape the decline shared by automakers this year. "Harbor Business Watch" found that from December 17, 2021 to June 17, 2022, six months, Geely Automobile fell by 35.13%.

(Geely Automobile’s share price trend in the past half year, picture source: Flush (300033))

Yu Fenghui said: "The decline is relatively normal. In the new energy vehicle sector, it is affected by raw materials, and traditional cars cannot escape the epidemic. One of Geely Automobile’s R & D centers is located in Shanghai, and under the influence of the epidemic, Shanghai has been under control for a period of time, which has a great impact on car companies. Including NIO, XPeng Motors, and Li Auto, the three major new energy vehicle brands listed on Wall Street have all experienced sharp declines."

03

Quality "hidden danger", vehicle recall four times a year

Looking at the complaints against new energy vehicle companies this year, the failure to deliver cars is definitely an important issue. In the current market environment, the global price of lithium and nickel has risen sharply, and the cost of building cars has increased, so that many car companies have delayed delivery.

The difference is that most car companies complained about the delay in delivery, which aroused consumer dissatisfaction, while Geely Automobile may have directly chosen to stop production and hoped that consumers would return the car. On the Black Cat complaint platform, there are consumer complaints: "I ordered a Geely Kung Fu Niu ordinary new energy passenger car in early February, and agreed to deliver the car in April. In June, the dealer told me that there was no car and asked me to return the car. However, since March, the price of new energy vehicles has increased by nearly 10,000 yuan, the waiting time and the cost of buying a car have increased significantly, and the manufacturer has forced the car to return, causing serious losses to consumers."

After searching by "Harbor Business Watch", it was found that there was not only one such complaint. Is the company’s production still greatly affected by macro factors? Is the company’s vehicle production normal? "Harbor Business Watch" contacted Geely Group and did not receive any response.

(Source: FM1031 Jinan Traffic Radio)

On the Black Cat complaint platform, Harbor Business Watch searched Geely Automobile and found that as of June 17, 2022, the company had 393 complaints on Black Cat complaints, 9 had been replied, 7 had been completed, and the completion rate was less than 2%. Including complaints about the quality of the transmission and engine.

"The gearbox was damaged after driving 29,000 kilometers, which caused the gear to change to neutral. The product had serious quality problems. It broke down during use. It caused road hazards. Serious quality problems threatened personal safety. The manufacturer refused to solve the quality problem on the grounds that the product was out of warranty."

"My car is about 48,000 kilometers long. During heavy rain, the windows automatically fell (twice in a row), causing water to accumulate in the car. The next day, the gearbox failure light came on, causing the engine to fail to start normally."

(Image source: Black Cat Complaint)

Quality problems do seem to be a long-standing "hidden danger". According to Qichacha, Zhejiang Haoqing Automotive Manufacturing Co., Ltd. (100% owned by Geely Group) has had four vehicle recalls due to quality problems in 2021. There have been 14 recalls since 2019.

The most recent recall of vehicles occurred on April 7, 2022. A total of 18,031 vehicles were recalled for some 2016 Geely Vision GC7 vehicles produced from January 27, 2016 to November 26, 2016. The reason is: During the driving of the vehicle under specific working conditions (long uphill and rapid acceleration), the transmission oil pot may leak oil, and the spilled oil may cause fire in the case of fire source, which poses a safety hazard.

Whether Geely Group’s "buy buy buy" model can really construct a more comprehensive system of self-occupied vehicles to everything is unknown, but the current product after-sales complaints have not been replied, and the product has been recalled frequently, which urgently needs to be rectified. (Produced by Harbor Finance)

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

Tradition? Trend?

If in your eyes, the former is outdated and old-fashioned, while the latter symbolizes trendy fashion, and neither is the same, then you may want to reassess your understanding of these two words.

On April 15th, in collaboration with well-known designers and national beverage brand Dayao Soda, we jointly created a national tide festival that integrates fashion and tradition, accompanying the national car for 18 years, which has been transformed into a high-profile national tide focus. The reason why the scene can firmly occupy the C position is inseparable from the call of designer Hu Sheguang and the large kiln soda.

In recent years, as a world-renowned fashion designer and performance artist, Hu Sheguang has been known in China as a genius designer and a cross-border master. At the same time, he also serves as a royal royal designer. His clothes are famous for their luxurious, elegant and noble style, and are favored by the Queen of the Netherlands. In the previous "Northeast Great Flower", which was launched, it became popular all over the country and even overseas. At the National Tide Festival, Hu Sheguang once again exerted his imaginative artistic talent, bringing a fashion show inspired by Northeast Great Flower + National Color Peony, and launched the Big Flower Edition to give new high-end fashion connotations to traditional elements. Hu Sheguang not only integrated the aesthetics of Northeast Great Flower and National Color Peony into the design, but also interpreted the aesthetics of Guochao from his own unique perspective, which aroused the infinite reverie of the audience.

At the same time, as a national beverage brand, Dayao soda also reached an agreement with FAW Pentium to open the cross-border alliance of Guochao, and jointly shouted the loud slogan of "Drink big soda, open a palanquin", once again igniting people’s love for the Guochao brand. Thus, Dayao soda and closely linked together. As a domestic boutique, Dayao soda already has an unshakable position in the beverage field, while B70 is a boutique palanquin that has accompanied the people for 18 years. The cross-border cooperation between the two has become a collision with the fashion Guochao, giving their respective brands new connotations and values.

The success of this Guochao festival is also due to the deep emotional bond between the Pentium brand and its loyal fans 420,000. The "Our Festival" in December last year has already shown the fun of interaction between Pentium and fans, and this jubilant night has further deepened the relationship between the brand and consumers. Through co-creation, co-play and sharing, fans feel the intimate connection with the Pentium brand. In the increasingly popular Guochao brand, Pentium B70 is not only a high-quality new car, but also through the cooperation with the well-known designer Hu Sheguang and the national beverage brand Dayao soda, Guochao and fashion elements are cleverly integrated into the brand, thus bringing consumers a double feast of culture and fashion.