Improve the quality of law enforcement and standardize law enforcement behavior

In order to explore the establishment of the performance evaluation system of administrative punishment, improve the quality and efficiency of urban management law enforcement, and standardize the administrative law enforcement behavior of law enforcement members, Chongqing recently issued the Interim Measures for the Evaluation of the Effectiveness of Urban Management Law Enforcement of Chongqing Urban Management Comprehensive Administrative Law Enforcement Corps (hereinafter referred to as the "Evaluation Measures"), which requires compliance with laws and regulations, objectivity and fairness, seeking truth from facts, highlighting key points, focusing on performance, supervision and restraint, incentive and guarantee, hierarchical supervision and self-supervision.

Highlight 1: Set up a leading group for law enforcement effectiveness evaluation.

The "Evaluation Method" clarifies that the Corps should set up a leading group for the evaluation of law enforcement effectiveness, with the main leaders of the Corps as the team leader, the deputy team leader in charge of the Legal Department as the executive deputy team leader, and other members of the team as the deputy team leader. The main leaders of the General Department of the Corps, the Political Department (discipline inspection room), the Legal Department, the municipal public facilities law enforcement detachment, the city landscaping law enforcement detachment, and the urban illegal building law enforcement detachment are members. The leading group has an office in the Legal Affairs Department of the Corps, which is responsible for daily work.

The Legal Affairs Department of the Corps is responsible for coordinating, organizing and implementing the evaluation of law enforcement effectiveness, and putting forward suggestions on the results of the annual evaluation of law enforcement effectiveness. Each law enforcement detachment of the Corps is responsible for carrying out internal self-evaluation and supervision in accordance with the "Evaluation Measures" and providing basic data and information in the annual law enforcement effectiveness evaluation. The evaluation of law enforcement effectiveness is mainly based on verifying the basic data, and when necessary, it can investigate and verify the relevant situation to the law enforcement detachment and law enforcement personnel. The evaluation results of law enforcement effectiveness are suggested to be submitted to the chief captain’s office for deliberation, and the annual report on the evaluation results of law enforcement effectiveness will be released after deliberation and approval.

In addition, in order to ensure objectivity and fairness, the "Evaluation Measures" require that the evaluation results of law enforcement effectiveness should be informed to the evaluated law enforcement detachment. If the evaluated law enforcement detachment has any objection, it shall feedback the opinions to the Legal Affairs Department of the Corps within 5 working days. The Legal Affairs Department of the Corps shall review the evaluation results and suggestions, and make corrections in time if there are any irregularities.

Highlight 2: Set up "7+22" evaluation index.

The "Evaluation Measures" set up seven types of law enforcement efficiency evaluation indicators, such as law enforcement case handling, law enforcement action, law enforcement inspection, law enforcement inspection, handling of letters and visits, and file review, with a full score of 100 points. Among them, the evaluation index categories of municipal public facilities law enforcement detachment and city landscaping law enforcement detachment are law enforcement case handling, law enforcement action, law enforcement inspection, law enforcement inspection, handling of letters and visits and complaints, file evaluation, and implementation of the law popularization responsibility system; The evaluation index categories of urban illegal construction law enforcement detachment are law enforcement cases, law enforcement actions, law enforcement inspections, letters and visits, complaints and reports, file evaluation, and the implementation of the legal responsibility system.

At the same time, combined with the actual dynamics, the number of cases handled, the settlement rate, and the performance rate of administrative punishment authority were formulated, and 22 annual evaluation indicators were set. For example, in terms of bonus points, it is stipulated that the Municipal Urban Management Bureau or other municipal departments should be promoted to issue targeted and innovative normative documents on urban management law enforcement or relevant documents on urban governance, and each item should be added with 1 point; Promote the municipal government or the Ministry of Housing and Urban-Rural Development to issue targeted and innovative normative documents on urban management law enforcement or relevant documents on urban governance, and add 3 points for each piece. In terms of reduction of sub-items, 1 point will be deducted for each case that does not meet the requirements of the basic project of the Guide for the Evaluation and Search of Administrative Punishment Files of Housing and Urban-Rural Construction System, and 1 point will be deducted for each uncivilized law enforcement behavior.

Highlight 3: nine situations of "one-vote veto" are clarified.

The "Evaluation Measures" stipulates that if each law enforcement detachment of the Corps has one of nine situations, the evaluation result will be directly determined as substandard, and the person in charge of the law enforcement detachment and relevant responsible personnel will be interviewed.

These nine situations include: finding clues about illegal acts, meeting the conditions for filing a case, and not filing a case for investigation without justifiable reasons; Receiving letters and visits and complaints, refusing to accept matters within the scope of statutory duties or failing to handle and correct the problems according to law; Altering, concealing, forging, stealing evidence materials or instigating, supporting or instructing others to commit perjury, which affects the fair handling of administrative punishment cases; The people’s court or the administrative reconsideration organ makes a judgment or decision to revoke or partially revoke, change or confirm the violation of the law; Being determined by the people’s court or the administrative reconsideration organ as failing to perform the statutory duties, and the judgment or decision is fulfilled within a certain period of time; Being decided by the administrative organ at a higher level to revoke the specific law enforcement act or order it to perform its statutory duties; Due to the fault of law enforcement, resulting in state compensation; Law enforcement officers have been given disciplinary sanctions or investigated for criminal responsibility for law enforcement faults, violations of discipline and law; Due to work mistakes or law enforcement mistakes, serious law enforcement conflicts or negative public opinion events have occurred, resulting in adverse social impacts.

Highlight 4: Set up a fault-tolerant mechanism for four situations.

Considering some special circumstances, the "Evaluation Measures" set up a fault-tolerant mechanism to guide law enforcement team members to be realistic and pragmatic, and to create achievements that can stand the test of practice.

The "Evaluation Measures" clarify that if one of the four situations occurs in each law enforcement detachment of the Corps, no points will be deducted, including those that are controversial due to unclear laws, regulations and rules; Due to the fault of the administrative counterpart or due to unpredictable and irresistible reasons, the law enforcement fault occurs; Having fulfilled the obligation of reasonable inspection, investigation and review, but the law enforcement fault has occurred due to the pre-behavior errors such as inspection, detection, expert conclusion and assistance in identification; Due to the limitation of objective conditions such as science and technology, supervision means, etc., the problems can not be found or the law enforcement mistakes can not be determined.

Highlight 5: further strengthen the combination of examination and use

Only by combining the assessment results with training and education, management and supervision, encouragement and restraint, accountability and accountability, promotion and demotion, and treating mediocrity and laziness can the enthusiasm, initiative and creativity of party member cadres be mobilized to the maximum extent.

The "Evaluation Method" defines three grades of evaluation results: excellent, up to standard and not up to standard. Among them, those who score more than 90 points are excellent grades, those who score more than 60 points but less than 90 points are up to standard grades, and those who score less than 60 points are not up to standard.

Among them, the evaluation result of law enforcement effectiveness is excellent, and the person in charge of law enforcement detachment and relevant law enforcement personnel are given priority in the evaluation. If the evaluation result of law enforcement efficiency is not up to standard, the person in charge of the law enforcement detachment shall be disqualified from the annual assessment and evaluation, and the corps shall admonish the person in charge of the law enforcement detachment; If the evaluation results of law enforcement effectiveness are not up to standard for two consecutive years, the responsible person of the law enforcement detachment shall be transferred from his post according to the cadre management authority.

[Chinese Dream Practitioner Year-end Planning] Where there is a dream, it is home.

CCTV News:December 29, 2018, November 23 of the lunar calendar. One day later, that is, the New Year’s Day holiday, 2019 came quietly.

In 2018, we are busy on the road and strive for the future. On the way, there are encouragement from relatives and friends, the call of dreams, and countless models who inspire us with their words and deeds. It is they who make us feel that the Chinese dream of realizing the great rejuvenation of the Chinese nation is getting closer and closer.

Although they are doing different jobs in different places, they also love every inch of land under their feet and every career in their hands. They tell us with practical actions: as long as there is a dream in your heart, there is passion and warmth, because where there is a dream, it is home!

Li Yuanmin: "Jamila" in the hearts of villagers

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The word "Jamila" means warm-hearted in Uighur. Li Yuanmin, who mentioned "Jamila" in Gaimai Village, Yining County, Xinjiang, went up to the elderly and down to the children, and everyone knew him. How did a Han girl from Shandong come to Gaimai Village, Yining County, Xinjiang, win the respect of local people?

"Buy and buy, no one will come!" It used to be a widely circulated sentence in Yazi Town, Alakazam, Yining County, Xinjiang. Because it is poor here, the village "two committees" team is weak, the economic development is slow, and the people’s hearts are scattered. When Li Yuanmin took over as the deputy director of the village committee in 2010, the villagers were not optimistic.

Li Yuanmin started with a strong team, and recommended the formation of a team of village cadres through competition and assessment, so that young cadres with ideas and enthusiasm could take office. When she was on duty, she smashed the table where the cadres on duty drank and played cards, and successively retired a number of illegal village cadres. The incident of "smashing wine bottles" and her "violent temper" spread like wildfire.

To get rich, build roads first. Li Yuanmin led the villagers to build roads, and after several years of hard work, Gaimai Village, which was once messy and poor, gave new vitality. In July last year, a flood broke out in Jirigelang River in Yining County, Xinjiang, which destroyed the bridge where villagers traveled on both sides of the river. In order to grab the progress, Li Yuanmin led the village cadres to rush to the front line. Under the influence of Li Yuanmin, the villagers also participated in it and worked together to build the bridge.

Now, Gaimai Village has begun to develop courtyard economy, and the villagers have established cattle and chicken cooperatives, and the per capita income has increased from 6,500 yuan in 2010 to 12,400 yuan now.

Zheng Wentai: Indonesia’s Returned Overseas Chinese Rebuild "Tropical Rainforest Gene Bank" in 26 Years

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A person, in 25 years, has invested hundreds of millions of RMB in succession to build a plant kingdom of 10,000 mu, for nothing but a "green dream" for himself.

Zheng Wentai, a 73-year-old Indonesian returned overseas Chinese, has invested hundreds of millions of RMB since 1992 to build a plant kingdom of 10,000 mu in Xinglong Overseas Chinese Farm in Wanning City, Hainan Province.

At that time, Zheng Wentai sold his assets one after another in exchange for hundreds of millions of yuan of "green cause" funds, while entering the mountains to find species, transplant and breed, and reclaim land for afforestation. At that time, it was the real estate development boom in Hainan. A successful overseas Chinese businessman changed into a gardener’s outfit and plunged into the barren hills, which made his relatives and friends unable to understand.

Zheng Wentai persisted, replanting from the foot of the mountain with low wind and strong drought resistance, attacking cities and pulling out villages, restoring the original ecological structure step by step, saving and preserving tropical rainforest species, and leaving a "tropical plant gene bank" for future generations.

Now Xinglong Tropical Garden has expanded to about 12,000 mu, and there are 65 species of rare and endangered plants. Many endemic tree species and rare and endangered plants, such as Cycas hainanensis, Alsophila spinulosa, Joan Brown, Dracaena hainanensis, Dalbergia odorifera, Pericarpium Citri Reticulatae Viride and Bambusa longifolia, were collected by Zheng Wentai from home and abroad after several twists and turns, and were transplanted into the garden. Xinglong Tropical Garden has become a tropical ecological garden integrating sightseeing, leisure and holiday, popular science education and other functions, and has been recognized by the state as one of the four environmental ecological demonstration education bases and a species gene bank.

Cui Jiuxiu: "Little Cui Guli" in the community

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"Doing something meaningful" is Cui Jiuxiu’s dream.

At the age of 25, she is a member of the Party Committee of Tokzak Town, Shufu County, Xinjiang, and the first secretary of Saybagh Community. Cui Jiuxiu’s hometown is in Rizhao, Shandong Province. After graduating from college, she chose to work here. Now she can speak fluent Uighur, and the community residents affectionately call her "Little Cui Guli".

Four years ago, Cui Jiuxiu just graduated from college and came to Shufu County. At first, he was not used to language or eating habits.

In order to integrate into the new environment more quickly, Cui Jiuxiu first learned Uighur, and the communication was smooth. Community residents are willing to talk to her if they have any thoughts.

In 2015, several elder sisters in the community found Cui Jiuxiu and told her that she wanted to run a textile cooperative. Cui Jiuxiu went to the county to apply for sewing machines and spare houses for them, helped them to start a small clothing processing cooperative, and registered the clothing brand "Kashgar in Xinjiang". Now the cooperative has moved into a new factory, recruited more than 20 employees, and provided technical training for more than 50 women from low-income families.

In the community, Cui Jiuxiu also met a Uighur "mother", a 76-year-old Tuni sahan. The old man’s daughter is disabled and can’t work, and his wife is paralyzed in bed all the year round. Cui Jiuxiu helped the old man solve many practical difficulties.

"In fact, I didn’t do anything particularly big. I just helped her solve the small things within her power. I was very touched that they were so grateful to me. It is this kind of touch that brings me closer to the local residents. I understand a truth: only through little things can we get closer to the people of all ethnic groups. This is the most important feeling for me to do a good job at the grassroots level. " Cui Jiuxiu said.

Zhang Liming: Innovative Blue-collar "Maker"

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He has been rooted in the front line of power emergency repair for 31 years, from a grass-roots power worker to an outstanding representative of "learning, knowledge-based and innovative" industrial workers in the new era. He is Zhang Liming, the "blue-collar craftsman" of Tianjin Binhai Power Supply Company of State Grid.

Zhang Liming is the squad leader of the distribution emergency repair class of Tianjin Binhai Power Supply Company of State Grid. He has worked for 31 years and has patrolled more than 80,000 kilometers. In the emergency repair of power supply failure caused by a heavy rainstorm, Zhang Liming led the emergency repair team, and 81 emergency repairs were completed overnight, which enabled many enterprises and residents to quickly resume power use.

In 2011, an innovation studio was established in Zhang Liming. Zhang Liming, who only has a secondary school education, led the workers’ team to realize more than 200 technological innovations, which translated into economic benefits of more than 100 million yuan. At the just-concluded Second World Intelligence Conference, he explained the live working robot invented by himself, which can replace manual work and carry out high-risk, high-intensity and high-altitude live working.

Zhang Liming is also the captain of the Dawn Communist party member Service Team, who is on call 24 hours a day, from installing energy-saving light bulbs to solving the problem of black corridors in old buildings to setting up a love fund to help the elderly, the sick and the disabled. Zhang Liming often said that volunteering, though not his job, is closely linked with the initial intention and mission of Communist party member.

Xu Wentao: The "Spiritual Long March" of the University Interpreter

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"The soldiers and horses have not moved, and the food and grass go first." In the history of our army, although the logistics forces did not take the lead, they built a bridge of material supply with flesh and blood to ensure the frontline soldiers’ food, clothing, housing and transportation.

In order not to let these eventful years be forgotten. In 2004, Xu Wentao volunteered to build the shenyang military area command Logistics History Museum. After that, Xu Wentao had no holidays. He consulted a lot of materials, visited veteran cadres, wrote an exhibition outline and collected cultural relics. After more than 600 days and nights of fighting, more than 3,000 square meters of exhibition halls were built, with more than 2,000 pictures of Zhang Zhengui and nearly 1,000 cultural relics.

After the opening of the History Museum, Xu Wentao became a volunteer commentator again. No matter how many visitors there are, he insists on explaining. For more than ten years, the Logistics History Museum has received nearly 200,000 visitors. Xu Wentao said that he would stick to it as long as his body allowed.

In Xu Wentao’s view, it is more valuable to keep this history well: "History can enlighten, shock and give strength. A military history museum is a school, a cultural relic is a story, and a character is a monument. " (Text/Xiao Xiaodi Chenchen)

Publish a 100-page report to short the Indian Adani Group, and Hindenburg, an emerging short-selling institution in the United States, has a big head!

Source: Global Times
[Special correspondent of Global Times in the United States Zheng Ke Special correspondent of Global Times Yuan Ziyou Ye Man] The research on Hindenburg, an emerging short-selling institution in the United States, has caused an uproar in the capital market recently. This small company, which was established only six years ago, plunged gautam Adani, the richest man in Asia, into a quagmire, and foreign capital withdrew from the Indian stock market one after another, which made Indian Prime Minister Modi heckled by the opposition. The company named after the "air crash" dealt a heavy blow to the Indian economy with a short report.
Adani data map
Adani Group may be attacked by organized short selling again.
Singapore’s Lianhe Zaobao reported on the 5th that Adani, the richest man in Asia and chairman of Adani Group, was recently surrounded by the hungry shark-like market short selling force like a bloody whale. In a 100-page report, Hindenburg Research described the rapid rise of Adani Group as "the biggest scam in the history of enterprises".
According to National Public Radio, the market value of Adani Group has evaporated by more than 100 billion US dollars in just 10 days, and the bond price of the group has fallen to the level of junk debt. Adani’s personal net worth has also shrunk by nearly $50 billion, and the Indian tycoon who was once richer than Warren Buffett and Bill Gates has since lost the title of "Asia’s richest man".
The crisis of Adani Group is still fermenting. Moody’s, an international rating agency, warned on the 3rd that the plunge in share prices may hit the financing capacity of Adani Group. On the other hand, Standard & Poor’s downgraded the ratings of two listed companies of Adani Group from stable to negative because of the risk of rising financing costs and decreasing financing channels. The Indian Stock Exchange also suspended the stock trading of five listed companies in Adani.
Lianhe Zaobao said that as of the 5th, Adani was still unable to fully respond and explain all the accusations against his group. Now Credit Suisse has stopped accepting Adani’s bonds as collateral, and the Norwegian Petroleum Fund has also cut its stake in Adani. Many market analysts have predicted on various platforms that there will be organized short selling attacks in the market in the short term, once again targeting the enterprises of Adani Group.
The crisis of Adani Group also affected Indian politics, and the close relationship between Adani and Modi made the Indian government questioned. Reuters reported on the 4th that two Indian government officials revealed that the Indian Ministry of Enterprise Affairs had begun a preliminary review of the financial statements and other regulatory documents submitted by Adani Group for many years. On the 4th, the Indian Securities and Exchange Commission (SEBI) issued its first statement on this matter, saying that "an abnormal change in the stock price of a commercial group was observed". The market regulator also said that if any information comes to its attention, it will review it and take "appropriate action".
CNN reported that the crisis of Adani Group cast a cloud over Indian enterprises. The World Bank predicted last month that India’s economic growth will be the strongest among the major economies in 2023. However, after the release of the Hindenburg Research Report, foreign capital is accelerating its withdrawal from the Indian stock market. Chowdhury, research director of Stoxbox, an Indian stockbroker, said that the crisis of Adani Group will bring a series of troubles, and the "Indian story" is not attractive to foreign investors now.
Hindenburg research was unknown six years ago.
Hindenburg Research, the driving force behind the Adani Group crisis, is a small short-selling research institution in the United States. According to The Times of India, the founder of this institution, Nathan Anderson, lived in a small apartment in Manhattan six years ago. Anderson has rich work experience. After graduating from the University of Connecticut, he was first employed by a data company to deal with investment management companies, and then he worked as an ambulance driver in Israel for some time. In 2017, Anderson founded Hindenburg Studies in new york. The name "Hindenburg Research" comes from the airship "Hindenburg" which crashed over New Jersey in 1937. "We regard Hindenburg as a microcosm of man-made disasters that can be completely avoided," the company’s website reads. "We look for similar man-made disasters in the market and expose their evil deeds before they lure more unsuspecting victims." The agency focuses on the analysis of stocks and derivatives, aiming to find "man-made disasters" such as accounting irregularities, poor management and undisclosed related party transactions.
Although it has not been established for a long time, this young institution has made remarkable achievements in short selling in the past. According to Bloomberg statistics, since 2020, Hindenburg Research has published short-selling reports on about 30 companies, and the share prices of these companies have dropped by about 15% on average the day after the report was released, and by 26% on average six months later.
In September, 2020, Hindenburg made a name for itself by carrying out a precise attack on Nikola, a hot electric truck manufacturer at that time. According to the report of Reuters, Hindenburg research claims that Nikola cheated and misled investors in technology development. A promotional video released by Nikola shows its electric truck galloping on the highway, but a survey conducted by Hindenburg Research shows that the truck was actually towed to a hillside, and then Nikola filmed it sliding down the mountain. In addition, Hindenburg Research also collected a lot of evidence such as telephone recordings, short messages, emails and photos, accusing Nikola of making dozens of false statements about semi-trailer trucks, battery technology, hydrogen production and other aspects, calling the company a "sea of lies". After the short-selling report was published, public opinion was in an uproar, and the US Department of Justice and securities regulators followed up the investigation. The founder of Nikola was finally convicted of fraud and the company’s share price plummeted by 94%. In March, 2021, Hindenburg Research accused Lordstown, an electric vehicle manufacturer, of forging orders and misleading investors in terms of production capacity. The company’s market value once exceeded $5 billion, but now it has shrunk to less than $260 million, and its stock plunged more than 90% after the Hindenburg research short report was released.
Hindenburg Research also intervened in Musk’s acquisition of Twitter. After Hindenburg Research announced shorting Twitter, Twitter’s share price dropped from $49.80 to $37.39, and then Anderson announced that he would close his short position. In mid-July last year, when Twitter’s share price was near the low point, Hindenburg Research announced that it would switch to multi-tweeting, and Twitter’s share price rose by about 8%.
Those "muddy waters" in America
In addition to the emerging short-selling Hindenburg research, famous American short-selling institutions also include Muddy Waters, Citron Research, Melvin Capital, etc. These short-selling institutions disclose the problems of some listed companies that are overvalued or have fraudulent behaviors by issuing short-selling reports, which hit the stock prices of related companies, while short-selling institutions make profits by borrowing bonds to short. Some people think that short-selling institutions are "scavengers" in the financial market, exposing scandals of listed companies to avoid investors being cut off, but some institutions will also maliciously short for profit.
Brock, the founder of Muddy Water Company, which was established in 2010, worked in Shanghai for many years. The company’s name "Muddy Water" comes from the idiom "Fish in Muddy Water", which is intended to find out companies that are faked in the muddy water of capital, and also make profits by muddling the water of capital and shorting. The main target of Brock’s short selling is Asian companies, and China Stock Exchange is its key target. In the past ten years, Muddy Waters Company has frequently exposed its sword to China Stock Exchange. Many China companies have been attacked by Muddy Waters, and some companies have been forced to delist from the market. However, with the more frequent short-selling reports of Muddy Water Company, some media think that it is more and more like an indiscriminate attack on China Stock Exchange.
Lefort, who founded Citron Research, was called "the bounty hunter of Wall Street" by The New York Times. The agency has "attacked" 20 China companies, of which 16 have seen their share prices fall. Lefort also tried to short the American company "Game Station", but was collectively countered by retail investors, which triggered short-term short selling, and Lefort lost 100%. In January 2021, Lefort had to announce that it would stop short-selling research.
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Beauty cosmetics go to sea: the two-way trip of brands and foundries

Wen | Guanchao New Consumption Zhang Jing

Edit Eucommia ulmoides Oliv

The North Exchange ushered in the first share of beauty cosmetics.

On March 29, 2024, Bawei shares landed on the North Stock Exchange, and the intraday increase was once expanded to 246%. At the close, Bawei’s share price closed at 16.19 yuan/share, up 180.59% on that day. The turnover was 184 million yuan, and the turnover rate reached 43.87%.

Founded in 2006, Bawei is a cosmetics brand customer service provider integrating product planning, formula research and development, manufacturing and efficacy testing. In the first half of 2023, it achieved revenue of 213 million yuan and net profit of 21 million yuan.

As a foundry company that has been deeply involved in the industry for many years, Bawei has helped Unilever, Marumi, Renhe Ingenuity, HBN and others to create a number of star products. According to the prospectus, from January to June 2023, its top five customers contributed a total of 145 million yuan in revenue, of which the number one beauty accounted for nearly 30%, about 54.89 million yuan.

Feimei is relatively unfamiliar to domestic consumers, but in fact its skin care brand "Skintific" has become popular in Southeast Asia. In 2022, Skintific won the global sales champion of TikTok Shop, and GMV exceeded 50 million US dollars (about 350 million yuan); Its account Skintific_id has more than 2.7 million fans, ranking first in the world.

This is a story of a brand going out to sea and flying with the supply chain.

01 industry changes, OEM industry reshuffle.

In 1995, Leng Qunying, a female teacher from Hunan Province, went south to Guangzhou, where she began her exploration. After working in Guangzhou Yixiang Chemical Research Institute, Guangzhou Yagaoli, Guangzhou Baoshengtang and other enterprises, in 2006, Leng Qunying established Bawei Cosmetics Co., Ltd. in Baiyun District, Guangzhou.

The company’s main business is OEM cosmetics (ODM mode). In 2015, Bawei was officially changed into a joint stock company, and the next year, it was listed on the New Third Board, which was the only representative of nearly 1,000 cosmetics foundries in Guangzhou Baiyun who successfully listed the New Third Board.

Nowadays, Bawei has made multi-dimensional innovation on the traditional ODM model, and has grown into a one-stop service provider that can monopolize brand product planning, formula research and development, large-scale production and efficacy testing.

Bawei’s growth history is the epitome of the growth of the entire cosmetics OEM industry. With the change of channels and the rise of e-commerce, the development of beauty cosmetics not only drives the growth of brands, but also the growth of OEM industry.

Looking back at the beginning when foreign brands entered the China market, KA (General Store) and CS (Daily Chemical Store) were the main sales channels, and beauty chain stores began to slowly penetrate into the beauty retail market in China. At the beginning of this century, Hong Kong Wanning, French Sephora and other chain retailers entered the mainland of China and expanded rapidly. At the same time, the e-commerce platform gradually rose, and the combination of e-commerce and entities urged the transformation of traditional brands. Today, various e-commerce platforms have accelerated the online development of the beauty industry, forming various channels such as C2C, B2C, and self-operated online shopping malls.

According to Euromonitor data, online sales of cosmetics and skin care products have reached 54.3% and 41% respectively. Especially when the epidemic situation leads to poor offline channels, the contribution of online channels increases more obviously. Online has gradually become dominant, and it has also spawned more cutting-edge brands on the main line, and traditional brands are gradually transforming to online.

In the 2010 s, the online and offline parallel channel model promoted the rapid development of the foundry industry. From the offline perspective, the brand of CS channel has expanded in magnitude, and the demand for OEM has surged; From the online point of view, asset-light strategy, an emerging brand promoted by e-commerce, has also become the first choice. After online e-commerce has become the mainstream channel, the emerging new brands have pushed the demand for cosmetics OEM to the peak. After more than ten years of development, China’s cosmetics OEM industry tends to be mature, and the number of licensed cosmetics manufacturers has increased from 4,542 in 2015 to 5,512 in 2022.

On the whole, the cosmetics OEM industry has maintained a relatively scattered competitive situation for many years. Although several large-scale leading enterprises have been born, their market share is small, and most of the market share is still in the hands of small and medium-sized factories.

There are many OEM enterprises, but the pattern is quietly changing.

On July 1, 2022, the "Quality Management Standards for Cosmetic Production" and the "Inspection Points and Judgment Principles for Quality Management Standards for Cosmetic Production" were officially implemented; On October 1st, the Measures for the Monitoring and Management of Adverse Cosmetic Reactions was formally implemented.

The new regulations not only make specific provisions on hardware such as production equipment, production workshops and water standards of cosmetics production enterprises, but also require enterprises to keep samples of key raw materials and products, so as to achieve "traceability of all activities".

According to the incomplete statistics of Cosmetics Watch, in 2022, a total of over 420,000 cosmetics in China were cancelled for not meeting the requirements of the new regulations.

Hundreds of billions of industries are mixed, which not only shows that the threshold of cosmetics production is relatively low, but also indicates that the beauty OEM has reached a critical moment when it has to be transformed.

Due to the stricter regulations, the entry threshold of the cosmetics industry is constantly improving, and the responsibility for production lies with people, which makes many small brands in the initial stage choose more large-scale OEM enterprises. However, in fact, the survival rate of new brands is low, which reduces the customer stability of OEM enterprises. OEM enterprises need to constantly develop new customers to keep their performance growing.

Changes in the market have also made "big customers and small orders" the norm. Brands that have developed to a certain level will form their own supply chain system, and large enterprises that have not built their own supply chain will not put their eggs in the same basket, but hand over their products to different foundries for production, reducing risks.

Cosmeesh, the super leader, is the first Korean cosmetic ODM company to enter the China market. Ten years ago, TOP 20 among thousands of customers of Smears could contribute 80% of the performance, but now 40% of customers can contribute 80% of the performance. In the past, the order size of the largest customer could exceed 1 billion yuan, but now, the order size of the largest customer has dropped below 500 million yuan.

As far as the consumer market is concerned, consumers’ knowledge of science and technology is by going up one flight of stairs, and their knowledge of beauty cosmetics has changed from "looking for big names" to the emphasis on efficacy and raw materials. This also forces excellent brand customers to move closer to OEM with brand effect, quick response, excellent quality and outstanding product differentiation.

In the face of stricter regulatory situation and further upgrading of consumers’ cognition, the beauty factory has accelerated the reshuffle, and the Matthew effect has become more and more prominent. At the same time of brand involution, OEM enterprises are also reconstructing scientific research system, service system and product development logic, and changing from "serving brand" to "serving consumers with brand".

02 cooperation to the sea, the upstream factory is strong.

At the beginning of the rise of e-commerce, ultra-short new cycle, ultra-low product prices, coupled with overwhelming online marketing, a cutting-edge brand with small volume and light assets can quickly gain a foothold in the market.

Nowadays, the competition of domestic beauty cosmetics is fierce, the product homogeneity is serious, the low-price competition and the marketing cost are pushing up, and all kinds of problems have become obstacles to the long-term development of the brand. This is a headache for both brands and foundries. Under this development trend, a number of beauty brands have turned their attention to overseas and looked for increments in overseas markets.

Among the overseas brands, some brands choose to be deeply tied with OEM companies, and go to the world together to find the increment, such as Bawei and Skintific, Meishang Manufacturing and FOCALLURE, Sanhao Technology and Y.O.U

Southeast Asia is the preferred destination for these beauty brands. Both friendly trade policies and booming e-commerce have paved the way for domestic products to go to sea in Southeast Asia. In addition, the low market cost in Southeast Asia makes it relatively easy to copy experience and expand business, which is also a major reason for Nanyang’s entrepreneurship under brand selection.

From "OEM" to "brand quality", the cosmetics foundry that has grown into a one-stop solution provider has laid a solid foundation for new brands to go to sea.

FOCALLURE is a domestic beauty brand that went to Southeast Asia earlier. It mainly promotes lip gloss, eye shadow and beauty tools, and is very popular among urban women aged 25-36. For cutting-edge brands such as FOCALLURE, which have some experience in e-commerce operation in China, just copying their own homework can achieve good results in the Southeast Asian market. Its success has inspired many latecomers to March into Southeast Asia, such as Skintific and SACE LADY.

FOCALLURE worked as a foreign trade factory for overseas cosmetics in 2013-2016. In the process, she was exposed to a lot of flexible supply chains of beauty products and a large amount of overseas beauty data. Its own strong supply chain advantages and strong cooperation with Meishang Manufacturing make FOCALLURE form a mature flexible supply chain system.

It is reported that the total SKU of FOCALLURE is as high as 6,000. At present, there are more than 400 products on sale in its Shopee store, including more than 50 lip makeup products, each with more than 10 color numbers, and some hot-selling products have as many as 30 color numbers.

The advantage of the supply chain is not only to help the rapid iteration of products, but also to reduce costs to the extreme and provide cost-effective products. Compared with the price of L ‘Oré al cosmetics of 7-15 dollars, the price of the best-selling items in Southeast Asia is no more than 3 dollars, and the high cost performance is an important factor for the brand to rapidly produce fission effect in some countries with low per capita GDP in Southeast Asia.

In addition, the updated and iterated OEM enterprises also have certain technical ability advantages, which can provide the brand with one-stop service from research and development to product testing to product listing.

Take Bawei shares as an example. In the first half of 2023, the company invested 89.1578 million yuan in R&D, accounting for 6.36% of its operating income. By the end of June 2023, the company and its subsidiaries had 129 patented technologies, including 112 invention patents. The company independently developed more than 6,000 cosmetic formulas. In addition, Bawei has the qualification of human efficacy testing, and can continuously test the quality and efficacy of products from the research and development of product formulas. After the formulation of new products is completed, efficacy evaluation and testing can be carried out simultaneously without external inspection.

With the all-round help of foundry enterprises, the new brand can deliver the most cost-effective products that best match the needs of local users to all parts of the world, and then quickly cut into the market through localized play, layout multiple channels and occupy market share.

03 conclusion

After iteration, the cosmetics foundries upgraded by "Zhizao" have occupied a very important position in all aspects of brand building, and the mode of brand+foundry cooperation in the sea is no longer strange.

In 2022, HEBE BEAUTY and the foundry company Sanhao Technology announced a joint venture in Indonesia. Among them, HEBE BEAUTY is a domestic beauty product in Southeast Asia, with sub-brands such as Y.O.U and Glamfix. This new combination has also upgraded the mode of brand and foundry going out to sea hand in hand.

In fact, in the upsurge of going to sea, the foundry has always been the first batch.

As early as 2017, Guangdong Sanhao Technology Co., Ltd. officially put into production in the garden-style factory in Indonesia, providing OEM production of cosmetics for the Southeast Asian market; In June 2019, Sanhao Technology established a factory in Australia to develop a series of natural ingredients products.

In addition, Bei Hao Group also established a company in France in 2017. The whole workshop was built according to the standards of pharmaceutical companies, with an independent technology research and development team, focusing on mask production.

A similar example is Northbell, which established the Northbell Korea Research Institute in 2016, and also established long-term strategic cooperation with world-renowned raw material suppliers. It is reported that the daily production capacity of Northbell mask has reached 6.5 million pieces, and its products are exported to more than 40 countries and regions around the world.

Under the background of the factory’s "intellectual creation" upgrade, the active attempt and layout of the cosmetics foundry will inevitably inject new energy into the internationalization of China’s cosmetics industry.

In the future, the binding of brands and foundries will be deeper, and this cooperation mode will be further upgraded.

Reporting/feedback

Directly hit the new domestic crime film | After Broken Bridge, there will be more fierce!

Special feature of 1905 film network The summer war in 2022 is coming to an end, and two domestic crime films released during the period have attracted widespread attention:Detective warsThe box office has exceeded 700 million, and it has won the fourth place in the summer file and the first place in the annual Hong Kong film.Broken bridgeOver 200 million, become a director.Li YuUp to now, it is the highest box office.



There are also shortcomings in achievements. It is also a Hong Kong-made crime film, and Detective Wars has not surpassed it.Shock Wave 2The word-of-mouth ceiling of the box office and the "loophole" in the story of Broken Bridge have become a major factor in the decline of the box office trend of the film.The audience has always had a high demand for crime movies. After Detective Wars and Broken Bridge, more high-quality domestic crime movies are expected to hit hard.



Controversy caused by "No Alarm" in Broken Bridge


After the release of Broken Bridge, the negative comments focused on the story logic and emotional relationship of the film. "The story of the broken bridge reduces intelligence" and "Why didn’t the woman who broke the bridge call the police" have boarded the hot search one after another, causing great controversy.


The main questions raised by the audience are: Why didn’t Wen Xiaoyu call the police immediately after he got the U disk evidence? What is the necessity of Wen Xiaoyu and Meng Chao’s "one kiss to save lives" and Meng Chao’s sacrifice for justice?



Regarding the motive of "not calling the police", director Li Yu responded on the Internet: "Human nature is complex and unpredictable, not black and white. This is precisely the most real place of the film. It may be true and uncomfortable, but it is a complex gray human nature under the sun."


The film also released two hidden clips that were not edited into the feature film. One was that Xiao Yu directly explained to Meng Chao why he didn’t call the police to get revenge, and the other was that Meng Chao revealed to Xiao Yu the mystery of his life story of protecting his sister from murder as a child.


The main creator tries to explain to the audience through these ways and make up for the shortcomings of story plot and emotional existence. However, the film has taken shape and "damage" has been caused.



Some viewers will be biased in judging the genre of Broken Bridge. The film is not a suspense film, but a crime film with suspense color. It takes the suspense that is not difficult to solve as the entrance and a single linear narrative as the trajectory to explore the emotional depths of the offender and the victim.


In the film, the relationship between Wen Xiaoyu and Zhu Fangzheng’s foster father and daughter, and her psychological struggle for the kindness of Chou He who killed her father have not been fully demonstrated; Although Meng Chao tells the story of her sister, and the film also wants to play the role of Xiaoyu as her sister, the relationship between Xiaoyu and Meng Chao is not more convincing.



The core of this film is to express the mutual redemption between Wen Xiaoyu and Meng Chao. When these obvious deficiencies appear in the narrative level, many viewers’ understanding and empathy for the role’s behavioral motives are blocked and unreliable.


The story frame of Broken Bridge follows the genre paradigm of crime movies, but there are many counter-type operations in the main details, which I want to present with the psychological reality logic of "unpredictable human nature". Unfortunately, most viewers don’t buy it, and everyone needs to see objective facts and reasonable causality.



Chen Yu, the screenwriter of Rock Solid, once wrote: "At present, China’s crime films are only statements of crimes, and few films are interpretations of crimes." He believes that "interpretation" means understanding society and human nature through understanding criminal behavior.


The creation of Broken Bridge has such a starting point. As a crime film with the theme of anti-corruption, it has thought-provoking significance in expressing the chaos of collusion between officials and businessmen, appealing to social conscience, caring for real human nature, etc., but it is regrettable that the expression method and structural process are missing.The balance between genre and anti-genre, reality and psychology needs to be paid attention to and considered in the creation of domestic crime films.


How do domestic crime films perform?


Up to now, only four domestic crime movies have been released in 2022, and the order of box office ranking is Detective Wars, Broken Bridge, Marginalist and Hunting, and the total box office of the four movies only accounts for less than 5% of the total box office of the year. On August 26th, a new crime film "The Man Who Loves Me Most in the World" will be released, and the volume is not big.



Previously, affected by the epidemic, the number of films released was small, which directly led to the reduction of this type. Although crime movies are hot, compared with plot, war, science fiction, animation, comedy and suspense, they have not been the mainstay of the box office in the mainland market, and their performance is relatively unstable.


However, from a single point of view, "Detective Wars" is in deus ex in the summer file; Although the operating rate of cinemas in China was once less than 40% due to the epidemic, The Marginalist still made a firm release to save the market and achieved a performance of 160 million box office, which shows that crime films have a lot of hidden strength.



"Detective Wars" and "Edge Walker" are both created by the Hong Kong team, and Hong Kong-made crime films have long been the mainstay of this type in China.


Various crime themes and crime cultures have always permeated into different types of Hong Kong movies, and Hong Kong crime movies are also integrated with gangster movies, action movies, gangster movies and heroic movies, which can no longer be simply summarized by a single type, so the content is richer and more entertaining.



Crime films made in the mainland are constantly developing a completely different type from Hong Kong films.


Chen Sicheng’s producer, Sheep Without A Shepherd series, strengthens suspense content on the basis of crime films. Both films have entered the top ten box office of China’s film history crime films, which has set a successful creative path in the domestic market.



"Nobody" and "Crowd" are both absurd comedies and crime films with realistic reflection consciousness, which have unique value of localization.


China’s public security organs have made breakthrough achievements in anti-drug and anti-gang activities, which have provided real and powerful adaptation materials for operation mekong and Anti-gang Battle, and this theme will continue to be publicized in crime films focusing on different cases.



30 new films of crime types are worth looking forward to.


Although there are only a handful of crime films released so far this year, there are a large number of similar new films that have been officially announced and will meet the audience one after another in the future. The 1905 film network also sorted out 30 films worth looking forward to.



Hong Kong-made crime films will still be the main force in the future market. Where the Wind BlowsFocus on the history of the "Detective Shuangxiong" who has dominated Hong Kong for 30 years;Assassination stormAdapting the best-selling mystery novel Death Notice: The Dark Ones in China;Temporary robberyIt is the taste of authentic Hong Kong-style gangster films; It’s booked for September 9 thBroken networkBased on online financial crimes, these films are all aimed at being released this year.



Goldfinger will unveil the shady business battlefield in Hong Kong in the 1980s. Insider goes deep into the truth behind the charity case; "Anti-drug 3 Days" continues the series of firepower, and these more powerful blockbusters are expected to debut next year.


Tony Leung Chiu Wai, Andy Lau, Aaron Kwok, Liu Qingyun, Louis Koo, Yam Tat-wah, Wu Zhenyu and other leading actors continue to gather and stimulate different energies in Hong Kong-made crime films through arrangement and combination.



In terms of mainland output, the integration and overlapping of crime films with other themes and types are more diverse.


In 2021, the anti-corruption theme of "Sweeping the Black Storm" was in full swing, and 500 continued to direct the film "Sweeping the Black and Seeing the Sun"; "New Order" featuring gangster action scenes is also scheduled to be released this year. In addition, Zhang Yimou’s "Rock Solid" and Gao Qunshu’s "Trident", two "stocks" have kept fans waiting for a long time.



The anti-drug theme in the crime category will usher in "Drug Hunting" and "The Secret World", both of which are starred by Wang Qianyuan, a professional gangster film. The theme of economic crimes is "Fox Hunting Action" and "Fishing Action" with the theme of anti-network telecom fraud.



Crime films adapted from real cases have always been highly concerned. "Playground" is based on the case of burying a corpse in a playground that has been dusty for 16 years and shocked the whole country. The Eighth Suspect focuses on a major case of armed robbery of an armored car in 1995. In addition, there are Reindeer, which focuses on human trafficking, and Victim, which focuses on robbery and murder.



From the film The Sacrifice of Suspect X and The Worry-Free Grocery Store to the series The Ten-Day Game and The Cloister Pavilion, the adaptation of Keigo Higashino’s novels in China has never stopped, including the film version The Wandering Blade, The Cloister Pavilion and The Kidnapping Game, which are scheduled for release on December 23rd. These crime films are mainly based on suspense.



The success of Better Days and Sheep Without A Shepherd proves that the market favors crime films with emotion as the core.


In the future, Chen Sicheng’s producer, Zhu Yilong’s The Disappeared She and Zhou Dongyu and Haoran Liu’s The Flame on the Plain are all based on love crimes, and the public has high expectations.



Cao Baoping’s new film Across the Furious Sea, which is good at shooting commercial crime films in China, combines crime with family affection, with starring Bo Huang and Zhou Xun. The collocation of Wu Zhenyu and Ren Suxi in Prosperity Is Coming is also fresh.



"Prosecutorial Storm" and "The Last Truth", which investigate cases from the perspective of prosecutors and lawyers, cut into criminal cases from the professional perspective of the legal system. In addition, it is worth looking forward to "The Man in the Wig" with strong artistic temperament, which is suitable for the film festival route, and the comedy+crime commercial film "Inverted Sting".



When domestic genre films gradually mature, the quality of crime genre films is also upgrading, and the future can be expected.


In 2021, the national ecological quality index was 59.77, and the comprehensive evaluation of ecological quality was "Class II".

CCTV News:The Ministry of Ecology and Environment recently released the national ecological quality index for the first time, and comprehensively evaluated the ecological quality in 2021. The results show that the value of "National Ecological Quality Index" is 59.77, and the comprehensive evaluation of ecological quality is "Class II". What does this evaluation represent? What reference does this index have for improving the ecological environment in various places? Come and see the reporter’s observation.

It is understood that in 2021, the national ecological quality index value is 59.77, and the comprehensive evaluation of ecological quality is "Class II", which shows that China is rich in biodiversity, with a high proportion of natural ecosystem coverage, a complete ecological structure and perfect functions. Among them, the county area with "Grade I" ecological quality accounts for 27.7% of the national land area, mainly distributed in Daxing ‘anling, Changbai Mountain and southeastern Qinghai-Tibet Plateau in the northeast; The second-class county area accounts for 32.1%, mainly distributed in Sanjiang Plain, Inner Mongolia Plateau, Loess Plateau, Kunlun Mountain, Sichuan Basin, Pearl River Delta and the middle and lower reaches of the Yangtze River. The county area of "Class I" and "Class II" accounts for about 60% of the national territory.

Dong Mingli said that carrying out ecological quality assessment is a "comprehensive physical examination" for the overall situation of the ecosystem. Mainly from four aspects, namely "ecological pattern", "ecological function", "biodiversity" and "ecological stress".

"Ecological pattern" reflects the type, quantity, spatial distribution and configuration of ecological land such as woodland, grassland and wetland in regional ecosystem, which is similar to the surgical examination of human height and weight. "Ecological function" reflects the stability and adjustment ability of the ecosystem, just like the medical examination of general functional indexes such as "liver, kidney, spleen and stomach" in physical examination; "Biodiversity" reflects the biodiversity at the regional species level and the vitality of the ecosystem, which is similar to the examination of core functional indicators such as the human heart. The "ecological stress" reflects the interference and pressure on the ecosystem, similar to the health hazards of some people "smoking, drinking and staying up late".

The supermarket industry is "breaking through" losses.

Author | Boya

Edit | Hexiang

Product | Retail-Finance

People all over the country have seen what happened in Shanghai in the past month or so. Beijing is facing the risk of a new round of epidemic, and Beijing citizens have chosen to "stock up" without hesitation. We have seen that many supermarket stores have empty fresh shelves, almost empty frozen shelves, and long queues at checkout counters.

In the face of this social emergency that triggered a short-term supply run, you will find it very boring to distinguish between online and offline, or that online is suppressing and robbing offline business.

The decline of the physical retail industry, especially the supermarket industry, in the past decade is essentially the lack of purchase value caused by the lag of supply capacity and the rise of fixed costs of the physical industry. The upside-down relationship between the two is becoming more and more obvious.

In 2022, the panic buying caused by epidemic prevention and control in various places seems to have caused the physical retail industry to experience a short-term "recovery", but this does not mean that the supermarket industry has returned to the "golden age". What we see more is the "store closing tide" of Wal-Mart, Yonghui Supermarket, Lianhua Supermarket and CR Vanguard. In 2021, many listed retail enterprises reported a double decline in revenue and profit.

China’s physical retail industry, accurately speaking, has entered a "loss era" in an all-round way.

Phenomenon: ice and fire are two worlds.

In Shanghai in March and Beijing in April, the supermarket industry experienced "two days of ice and fire".

At the end of March, on the eve of Shanghai’s "global static management", many citizens went to nearby supermarkets overnight to snap up materials, and many offline stores extended their business hours. On April 23, a local epidemic broke out in Beijing, and there was a sharp increase in consumption around the closed community in a short time.

According to media reports such as Securities Daily and China Business Daily, on April 25th, some supermarkets such as Huamao Chengpin Supermarket and Shilibao in Beijing Beiyuan area were sold out of vegetables, meat, eggs and milk, and even there were cases where Meituan, Hungry, and other errand boys queued up to buy materials at the entrance of the supermarket. In Wumeipin Supermarket (Caibaidian), there are empty shelves in fruit and vegetable, dry goods, cold storage area, convenience food, flour and other commodity areas.

On the 25th, Beijing Wumeipin Supermarket Caibai Store Map/China Business Daily Ran Longnan

For consumers, the supermarket has a complete range of goods, rich varieties, and the certainty of seeing is believing and taking the goods and leaving, which meets the emergency needs of citizens in special periods. Especially after the short-term orders of some e-commerce platforms surged, and orders could not be placed or the supply was insufficient, and the delivery was delayed, offline supermarkets became the first choice for consumers to purchase materials.

On the surface, the decline of offline supermarket stores almost coincides with the prevalence of online to offline (online ordering and offline fulfillment). The truth is that under the dual influence of the rapid development of e-commerce and the changes of consumer groups, the advantages of supermarkets that were originally inexpensive are no longer available. E-commerce platform transforms the high store cost and labor cost of offline physical stores into price advantage, and online shopping has gradually become an important position for consumers to buy department stores and even luxury goods.

In recent years, integrated e-commerce has in turn accelerated the family category+home-ready business, meeting the full-scene e-commerce shopping needs of consumers with greater, more comprehensive and more cost-effective. Among them, the pre-warehouse model represented by Ding Dong grocery shopping, through the test in Shanghai, verified the family fresh purchase provided by physical retail, which can replace online shopping. Coupled with the experience mind created by Ding Dong’s buying vegetables at the "direct source and quick delivery", the fresh products created by physical supermarkets have suffered a huge impact.

When the world enters the epidemic in 2020, the community group buying promoted by the epidemic further intensifies the supply competition of family purchases. Other small businesses and convenience stores that appear around the needs of the community are also diverting the flow of customers from supermarkets and supermarkets.

According to the latest data from the National Bureau of Statistics, the retail sales of supermarkets, convenience stores, department stores, specialty store and specialty stores in 2021 increased by 6.0%, 16.9%, 11.7%, 12.8% and 12.0% respectively over the previous year. Judging from the growth data, hypermarkets, supermarkets and big formats are not only difficult to compare with online formats; It is far less popular than "small and beautiful" convenience stores, specialty store and specialty stores.

The visitor rate of the supermarket has been quiet for a long time, except for a grab brought by the blockade. Everyone knows that this snap-up phenomenon is a short-term effect. What we need to think about is, since the real industry has really attracted people to snap up, how can we make the short-term effect long-term-attract people again.

02 Trend: Big Store Small Chain and Small Store Big Chain

Traditional supermarkets include hypermarkets+general supermarkets, as well as medium-sized supermarkets and small community supermarkets. China Chain Store & Franchise Association issued the "2021 Supermarket Format Survey Express", showing that in 2021, 67.1% of supermarket enterprises’ sales decreased year-on-year, 72.2% of enterprises’ net profit decreased year-on-year, and 68.39% of enterprises’ passenger flow decreased year-on-year.

These retail enterprises reported losses, including: Gaoxin Retail, Yonghui Supermarket, Lianhua Supermarket, Zhongbai Group, Jiajiayue, Jingkelong, Hualian Comprehensive Supermarket, Renrenle and BBK.

The reasons for the decline in performance given by these retail enterprises are nothing more than two reasons:

First, affected by the repeated epidemic, the decline of offline customers and the economic downturn, consumer expectations have weakened, competition in the retail industry has intensified, and channel diversion has been serious, and revenue has generally declined;

Second, the traditional stores are cautious in expanding their stores, and the increase in expenses due to the implementation of the new lease criteria and the closure of stores to dispose of assets have a certain impact on turnover.

At the same time, these enterprises have given or are already doing change exploration methods, including the following two types:

First, the member stores of big stores and small chains have gradually become the mainstream of consumption, and their advantages have emerged. Traditional supermarket enterprises regard "warehousing member stores" as a new growth point.

Member stores represented by Costco and Sam in the United States have inspired China’s physical retail industry. This format is dominated by middle-class families with cars, and the profit depends on collecting membership fees. As a model and direction that conforms to the current consumption trend and is recognized by the retail industry. In October 2020, since the opening of Box Horse X Member Store, the first domestic warehouse membership brand, "Warehouse Member Store" has attracted much attention and become a hot word in the industry.

From 2021 to the end of March this year, there were more than 100 newly opened warehouse member stores (warehouse stores) in China. Among them, local supermarkets, such as Yonghui, Carrefour China (Suning.cn), Beijing Hualian, Renrenle, which transformed from traditional hypermarket mode, have tried this new format one after another.

Of course, some people in the industry are not optimistic about the clustering of supermarket enterprises into member stores, thinking that they are similar in shape but not in spirit, and it is difficult to really form a climate.

Second, the convenience store format of small stores and large chains has become more convenient for instant consumption and has begun to take shape.

In addition to the loss list of the physical retail industry, there is another bright spot: Hongqi Chain achieved profit with a net profit of 480 million yuan. In fact, the convenience store-based business model is the key to ensure the steady growth of Hongqi chain’s revenue.

Relevant data show that in the first quarter of this year, the year-on-year growth rate of supermarkets above designated size was 3.2%, while convenience stores still maintained a growth rate of 10.1%, which is the highest growth rate in physical retail.

Thanks to the good growth momentum and policy support of the convenience store industry, the impact of new formats such as community group buying and fresh e-commerce is relatively limited. Therefore, in the current downturn of the industry as a whole, Hongqi Chain can still maintain its growth.

Convenience stores are close to consumers, with high accessibility and high consumption frequency; Warehouse member stores have abundant SKUs, high quality and low price, and master the passenger flow and member loyalty. The two physical retail formats have great development potential. Of course, how to further optimize them based on the local environment has become an urgent problem to be solved in the transformation and transformation of retail enterprises.

03 direction: where is the physical retail going?

The traditional supermarket format, represented by the store model, has experienced 20 years of gold in the supermarket industry. The external pressure from e-commerce group purchase has defeated traditional supermarkets, and its internal profit model and backward product selection management have also been exposed one by one.

Affordability is not as good as member stores, convenience is not as good as convenience stores, richness is not as good as e-commerce, and core categories are not as good as professional fresh stores. For consumers, daily shopping seems to find no reason to go to the supermarket. However, it is undeniable that the offline model has human touch and convenience, and physical retail still has vitality.

So, what kind of offline supermarket can survive? In other words, where will the future urban retail form go?

"Retail Business Finance" believes that regional brands and convenience store enterprises represented by Fat Donglai and 7-ELEVEn will become the next development form of urban retail.

First of all, around the regional characteristic retail, we should adjust measures to local conditions and attach importance to the cultivation of retail enterprise culture.

The regional retail brands represented by Fat Donglai in Henan sell not only commodities, but also the ultimate service experience. For consumers, the brand reputation of Pangdonglai, which has been deeply cultivated in the local market for many years, is returned by consumers again and again, and the repurchase rate is close to 100%.

What this enterprise brings to the retail industry is: how to focus on the growth of the enterprise and the progress of employees, and how to pay attention to the happiness of customers and the achievements and happiness of employees while pursuing benefits.

Secondly, around the regional specialized retail, focus on creating 365-day 24-hour service that meets the "daily+extraordinary" period.

"Nihon Keizai Shimbun" once conducted a survey of Japanese consumers on "Why do they like convenience stores?" Most people answered, because it is always open during the day or at night, and it can solve all the needs in daily life.

Indeed, for the student party, single office workers or elderly people living alone, from breakfast rice balls, milk bread; Lunch box lunch to beer snacks at night, three meals a day can be solved in convenience stores. Flexible and compact convenience stores do not need to bear the huge warehouse cost of large supermarkets, and at the same time meet the daily needs of residents with strong supply chain capabilities.

In addition to daily needs, Japan’s 7-ELEVEn has put forward the goal of "evolving into social infrastructure service business", and the standardized chain operation mechanism of convenience stores operating 24 hours a day is also in line with the standard of "social infrastructure".

With the long-term process of urbanization, convenience stores have become more and more a part of urban infrastructure, and they bear the important social functions of ensuring supply, stabilizing prices and emergency hedging in special periods.

Li Ling, a consultant of Lianshang. com, believes that in the face of the surging epidemic, ensuring supply is the foundation of strict control in the society, and the whole society also feels the importance of retail. Retail should become the livelihood infrastructure like hydropower, providing people with living security in the face of major disasters.

The epidemic has brought a big impact on the retail industry, and the transformation of old and new kinetic energy has also provided opportunities and platforms for the development of new business enterprises. Retail enterprises represented by regional characteristics and specialization will also combine the "new infrastructure" such as artificial intelligence, Internet of Things and data centers to evolve into social infrastructure service industries while meeting consumers’ one-stop service needs.

References:

1. Lianshang. com Liling: Retail should become an infrastructure like hydropower.

2. Financial magazine "Carrefour, the largest in Asia, closed down in the past, and the 20-year lease of traditional supermarket gold is gradually expiring"

3. The third eye looks at the retail "The supermarket industry has entered a" loss era ":more than half of the listed companies’ revenues fell below ten years ago"

China, which allows passengers to "walk" and "walk well", is full of vitality and warmth.

CCTV News:January 28th is the third day of Spring Festival travel rush in 2024 and the first Sunday after Spring Festival travel rush. Looking at the data in Spring Festival travel rush, next, let’s feel the travel fever all over the country through groups of data. 

First, let’s look at the situation on January 27th. About 12.2 million passengers chose to take the train on the first Saturday after Spring Festival travel rush in 2024.

In the first three days of Spring Festival travel rush, Beijing, Shanghai, Chongqing and Wuhan Xi ‘an ranked among the top five destinations.

According to the ticket sales data of 12306, in the first three days of Spring Festival travel rush, Beijing, Shanghai, Chongqing, Wuhan and Xi ‘an have been ranked among the top five destinations. Compared with the first day in Spring Festival travel rush, the number of arrivals in these five cities increased by 30% on January 28th, with the largest increase in Beijing and Shanghai, with the number of people increasing by 50%. 

Spring Festival travel rush in the Yangtze River Delta is busier today.

From the perspective of regional mobility, compared with the first day in Spring Festival travel rush, the number of passengers in Tianjin-Beijing, Hangzhou-Shanghai, Suzhou-Shanghai and Nanjing-Shanghai increased on January 28th.

Spring Festival travel rush in the Yangtze River Delta is busier. On January 28th, four of the top five busy routes were located in the Yangtze River Delta.

Harbin, Chongqing and Guiyang have become popular alternate ticket destinations.

According to the waiting ticket situation of 12306 data platform, Harbin has become the most popular waiting ticket destination at present. Harbin not only attracts southerners, but also Tianjin, Beijing, Guangzhou and Shenyang have the highest number of waiting tickets to Harbin. In addition, Chongqing and Guiyang are also popular alternate ticket destinations, and tickets from Guangzhou, Shenzhen and Dongguan to Chongqing and Guiyang are also very popular.

Here, we remind you once again that when choosing the standby ticket, increase the number of trains and accept the new trains, and the standby success rate will be higher.

It is estimated that the average mileage of driving across cities in China is about 145 kilometers.

Let’s look at the situation of self-driving travel. According to the forecast data of Gaode map, it is estimated that during the period of Spring Festival travel rush in 2024, the average mileage of driving across the city will be about 145 kilometers, up by about 15% compared with the same period in 2019.

The Yangtze River Delta and Pearl River Delta Chengdu-Chongqing area have a high degree of high-speed congestion.

Judging from the congestion mileage, the Yangtze River Delta and Pearl River Delta regions have a higher degree of high-speed congestion, followed by Chengdu-Chongqing region. The congestion mileage in Beijing-Tianjin-Hebei region is relatively low, and the high-speed congestion mileage in the Yangtze River Delta region and the Pearl River Delta region is about three times that in Beijing-Tianjin-Hebei region.

Guangzhou has the largest number of self-driving vehicles.

So, where do these self-driving cars leave and where will they go? According to the forecast of Baidu map, Guangzhou, Shenzhen, Suzhou, Chengdu, Beijing and Shanghai rank in the top, and Guangzhou ranks far ahead, about twice as much as the second Shenzhen.

Fuyang, Maoming, Shangqiu, Zhoukou, Bozhou and Shangrao have the highest number of net inflow vehicles and become popular destinations for self-driving.

The number of civil aviation passengers will reach a new high, and many airlines will increase their capacity.

According to the forecast, during Spring Festival travel rush this year, the number of passengers transported by civil aviation will reach 80 million, a record high. In order to meet the travel needs of passengers, many airlines have increased their capacity by adding encrypted routes and "small to large" models.

Air China plans to arrange 67,691 flights during its stay in Spring Festival travel rush, with an average of 1,693 flights per day, focusing on visiting relatives and returning home and increasing flights on tourist routes.

In addition, China Eastern Airlines plans to carry out 3,280 passenger flights every day during Spring Festival travel rush, up 42% year-on-year, and replace wide-body aircraft on Hongqiao and Pudong routes to Changchun, Shenyang and Harbin, as well as Haikou and Sanya routes. All its four C919 domestic large aircraft will also fly on the Beijing-Shanghai and Beijing-Chengdu routes.

China Southern Airlines plans to carry out more than 113,000 flights. In addition to the traditional Guangzhou-Shenzhen return routes to Central China, Southwest China and East China, the hot routes also open new routes to Guangzhou, Beijing Daxing, Shanghai, Shenzhen and Wuhan to Changbai Mountain and Ningbo to Harbin to meet the hot demand for ice and snow travel this year. About 800 overtime flights are arranged on the "ice and snow route".

Guangxi Nanning Airport strengthens convenience service to ensure passengers’ smooth travel.

On the one hand, airlines increase capacity investment to meet the needs of passengers. On the other hand, airports around the country are also ready to meet the large passenger flow, and various service measures are introduced to make passengers "walk well". During the period of Spring Festival travel rush, in order to facilitate the vast number of passengers, Guangxi Nanning Wuxu International Airport launched a series of warm-hearted and convenient services to ensure the smooth travel of passengers.

According to the forecast, the first travel peak of Nanning Airport is expected to appear on February 7 and 8, and the return peak is expected to be on the sixth, seventh and sixteenth day of the first month. In order to ensure the smooth travel of passengers, Nanning Airport has launched a series of convenience service measures.

Li Zhihui, Deputy Manager of Passenger Transport Section of Nanning Airport Ground Service Department:For passengers who transfer at Nanning Airport, we also provide hands-free service for cross-airline luggage from domestic to domestic and from domestic to international. At the same time, we can enjoy free accommodation, free light meals, free airport buses, and make an appointment for a sharp turn for qualified transit passengers at Nanning Airport.

In areas such as check-in, security check-in, boarding gate, etc., Nanning Airport is equipped with priority passages. Nanning Airport will also provide corresponding assistance for passengers who are on the first flight, have communication difficulties, children and the elderly, and arrive late.

Henan: During Spring Festival travel rush, it is estimated that over 640 million people will travel to a new high.

Next, let’s take a concrete look at the situation in Spring Festival travel rush, Henan Province. During Spring Festival travel rush in 2024, the number of tourists in Henan Province is expected to exceed 640 million, a record high. All local departments have made concerted efforts in the fields of travel service, traffic guarantee, people’s livelihood guarantee and supply, and continuously improved transportation capacity and optimized service quality to ensure smooth travel in Spring Festival travel rush to the maximum extent.

In 2024, Spring Festival travel rush will be the first Spring Festival travel rush after the completion of the Mi-shaped high-speed railway in Henan. In view of the strong travel demand of Spring Festival travel rush passengers, Zhengzhou Station has added 140 trains to Beijing, Shanghai, Guangzhou, Xi ‘an and Chengdu at night. At the same time, in order to facilitate passengers in the province, 52 trains will be added from the province to Nanyang, Zhoukou, Puyang and Luoyang to meet the travel needs of passengers to the greatest extent.

At the same time, in order to ensure the traffic in Spring Festival travel rush, more than 2,600 buses have been prepared at Zhengzhou bus stations, and 58 customized lines have been opened from Zhengzhou to Henan.

In terms of aviation, during the period of Spring Festival travel rush in Zhengzhou Airport, there were 566 daily passenger flights and 78,000 daily passengers. At present, the airlines have encrypted flights for return flights and popular tourist routes, mainly focusing on the return hot routes from Zhengzhou to Guangzhou, Chengdu and Urumqi, as well as the tourist hot routes from Zhengzhou to Haikou, Dalian, Hainan and Bangkok.

There is no price for youth, and the film "Youth" is showing in the heat.

On July 22nd, 2023, the youth inspirational film "Youth Spring" was released as scheduled. As soon as the film was released, it was praised by countless netizens, and many netizens said that they seemed to have returned to the campus era. This film truly reflects the psychological state of contemporary young people, the way for art candidates to pursue their dreams, and parents’ expectations for their children. It is a good film with educational significance and is worth watching by parents with their children in summer.



The film takes the common growth of teachers and students as the theme, and the location of the campus story as the starting point, and tells the story of a group of art candidates who pursue their artistic dreams in the new period, from ignorance to finding their life goals. It reshapes the goal education of modern students: to choose a major that suits them, to serve the society with their major in the future, to earn a living with their major, and to support themselves. The content of the film is positive and sunny, close to life and reality, and has a strong sense of the times.



According to the general director Baosheng Li, the main scene of the play was shot in Hebei Media College and Handan College. The beginning of the film: an air corridor running through the main campus, a teenager flying in the colorful air corridor, and a running show the rhythm of youth and fashion, fashionable image and fashionable campus life. We started our story in running, and pursued the goal of learning in running, showing affection, friendship and teacher-student relationship, which is also the unique opening embodiment of the film, and the actors also have a good grasp of the performance style and scale.


The actors in the play include the famous old artists Zheng Hao and Du Zhiguo, as well as the new actors. Concise, powerful, and dramatic rhythm changes combined with meticulous details make every scene full of emotion and hearty.

Youth is an impulse without regional boundaries. No matter where in the world, there are always similar stories happening. I believe that the film "Youth" can bring a different kind of youth journey to the audience.

Management of China Resources Land: M&A focuses more on projects and will not consider the equity of the company’s platform.

At the performance meeting of China Resources Land (01109.HK) in 2021 on March 31, Xin Li, president of China Resources Land, said, "It is a consensus that the gross profit margin level will return to around 20% or more, but it has not returned to the past 30% or even higher."
China Resources Land (01109.HK) 2021 Performance Meeting SiteIn the future, the gross profit margin of shopping centers can be maintained above 70%.According to the sales data of China Resources Land in 2021, the company signed a contract of 315.76 billion yuan in 2021, up 10.8% year-on-year, and the contracted area reached 17.55 million square meters, up 23.7% year-on-year. East China contributed the highest signing amount, reaching 73.648 billion yuan, accounting for 23.3%. The annual comprehensive turnover was about 212.11 billion yuan, up 18.1% year-on-year; Among them, the turnover of developed properties was 183.86 billion yuan, a year-on-year increase of 17%; Rental income from investment properties (including hotel operations) was 17.43 billion yuan, up 36.3% year-on-year. The comprehensive gross profit margin was 27%, a year-on-year decrease of 3.9%. Among them, the gross profit margin of development properties decreased from 29.1% in 2020 to 23.7%; The gross profit margin of investment properties (including hotel operations) increased from 66.4% in 2020 to 68.2%; The net profit attributable to core shareholders after deducting the appreciation of investment properties was 26.6 billion yuan, a year-on-year increase of 10.2%; The net profit attributable to shareholders included in the appreciation of investment properties was 32.4 billion yuan, up 8.7% year-on-year. The net profit of China Resources Land during the year was 37.395 billion yuan, up 9.6% year-on-year; Gross profit was 57.199 billion yuan, up 3.2% year-on-year.
In terms of business, the contracted amount of developing and selling business reached 315.8 billion yuan in 2021, a year-on-year increase of 10.8%. The retail sales of shopping centers in 2021 was 107.2 billion yuan, a year-on-year increase of 45%; Rental income was 13.9 billion yuan, up 38.1% year-on-year.
In 2021, China Resources Land opened 9 shopping centers and acquired 12 new shopping center projects. By the end of 2021, there were 54 Vientiane series shopping centers in operation and about 61 reserve projects.
At the 2021 performance meeting, the management of China Resources Land said that according to the current development progress and rhythm, the reserve projects will be released one after another in the next four to five years. At present, even if there is no new reserve, it can meet the rhythm of opening 10-12 projects every year. According to the management’s forecast, it is feasible to maintain the gross profit rate of shopping centers above 70% and the comprehensive gross profit rate above 20% in the future.
In addition, the office revenue of China Resources Land was 1.9 billion yuan, a year-on-year increase of 20%; The hotel’s operating income was 1.6 billion yuan, a year-on-year increase of 43.9%.
By the end of 2021, the annual settlement area of China Resources Land was 14.76 million square meters, up 41.5% year-on-year. In addition, the contracted amount of China Resources Land that has been sold but not settled is 217.1 billion yuan, which needs to be settled one after another. Among them, the turnover of development properties that have been locked in 2022 has reached 141.1 billion yuan.
In terms of land reserve, as of the end of 2021, the company’s land reserve reached 68.73 million square meters, and its equity land reserve area was 48.89 million square meters. China Resources Land said that it could guarantee the company’s development needs in the next three years or more. In 2021, the company added 61 land reserve projects with a total land price of 148.96 billion yuan, with a new land reserve area of 14.39 million square meters.
In terms of loans, the loan amount of China Resources Land in 2021 was 197.4 billion yuan, the cash and bank balance was about 108.7 billion yuan, and the shareholders’ equity ratio of net interest-bearing liabilities was about 30.4%. By the end of 2021, China Resources Land’s exposure to non-RMB net liabilities accounted for 17.1%. Of the interest-bearing liabilities, about 28% will be due within one year, and the rest are long-term interest-bearing liabilities. At the end of 2021, the weighted average financing cost of the company was about 3.71%, which was lower than 4.08% at the end of 2020. In 2021, the company’s financing totaled 20.5 billion yuan.
Will not consider the acquisition and merger of the company’s platform equity, the company is not only about scale.
When talking about this year’s sales target, Xin Li said that this year’s sales target will be improved on the basis of last year’s contracted amount. "We still pay more attention to the ranking of the industry and hope that the ranking can also be improved. Everyone may pay more attention to the return of gross profit margin to around 20% or above. It is a consensus that the gross profit margin of the industry will return to around 20%. The main reason is the high land price brought by the rapid development of real estate in 2017 and 2018. In the future, it is expected that the gross profit margin of the industry will return to more than 20%, but it has not returned to the state of 30% or even higher in the past. For China Resources Land, the gross profit margin of developed properties is confident to remain at 22% or 23%, and the overall gross profit margin level is expected to remain above 25%. "
In terms of mergers and acquisitions, Xie Ji, chief strategy officer of China Resources Land, said that the government explicitly encouraged central state-owned enterprises to participate in mergers and acquisitions. As far as China Resources Land is concerned, it also takes a positive attitude towards mergers and acquisitions.On the one hand, it improves the quality and efficiency of work; on the other hand, it provides tens of billions of M&A loans, which creates conditions for the Group to acquire. Under the current circumstances, China Resources Land will take a positive view of the opportunities of investment acquisition and merger, and will also guard against risks in the face of the opportunities brought by acquisition and merger.Xie Ji emphasized that China Resources Land pays more attention to the acquisition and merger of the project, and will not consider the acquisition and merger of the company’s platform equity.
Regarding the overall view of the real estate market, Xin Li said, "The policy level has definitely bottomed out, especially since March, the loose policy orientation and introduction have been relatively obvious, the market downturn should basically bottom out, and consumer confidence has basically bottomed out. How long will it take to be at this bottom? It needs some confidence-boosting forces to improve this market. Since the middle and late March, the signs of market recovery have been obvious, especially in first-and second-tier cities. The first-tier and core strong second-tier cities are already in a state of recovery, and the number of visitors to sales offices has increased significantly. At the same time, the transaction volume of second-hand houses in first-tier cities and strong second-tier cities is also picking up. It is expected that the property market will open lower in the first half of the year and will pick up in the second half. " In addition, Xin Li emphasized that China Resources Land never focuses on scale, nor does it rush to scale. What the company hopes is to maintain its ranking and position in the industry. "What China Resources Land wants is a quality scale growth, and the scale is two different things."
As of the close of March 31st, China Resources Land reported a decrease of 1.48% to HK$ 36.5 per share.
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