Today’s A-Shares are getting better again. More than 3000 stocks in Putian Tongqing rose, and the other 100 stocks rose by the daily limit. The two cities opened low and walked high. Today, the stock index rebounded collectively. The Shanghai Stock Index ushered in three consecutive positive days and maintained a strong trend of shock throughout the day. The Shenzhen Component Index and the gem index both rose by more than 1% in the afternoon.
As of the close, the Shanghai index rose 0.79% to 3479.95 points, the Shenzhen Composite Index rose 1.55% to 13531.31 points, and the gem index rose 1.3% to 2883.6 points; The total turnover of the two cities was 931.8 billion yuan, and the net purchase of funds from the North was 484 million yuan.
On the disk, today’s digital currency saw a rise in the limit, Beijing Cuiwei Tower Co.Ltd(603123) and Hengbao Co.Ltd(002104) 4 linked boards, Chase Science Co.Ltd(300941) , Shenzhen Emperor Technology Company Limited(300546) and other stocks rose by 20%. On the news, the central bank and other four departments jointly issued the “14th five year plan for the development of financial standardization”, which proposed to steadily promote the development of legal digital currency standards.
Baijiu shares rebounded strongly in the afternoon, Kweichow Moutai Co.Ltd(600519) once recovered 1900 points, Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) rose more than 7%, Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Shede Spirits Co.Ltd(600702) , Wuliangye Yibin Co.Ltd(000858) and so on.
Soochow Securities Co.Ltd(601555) pointed out that the Spring Festival Baijiu sales meeting market expectations. The high-end wine dynamic sales are stable and the gift giving scene is rigid; The secondary high-end dynamic sales are stable, the price is stable and the inventory is low. The resumption of banquet scene also has a positive impact on the secondary high-end demand. In addition, benefiting from the recovery of consumption scenarios, it will also accelerate the upgrading of consumption.
China Securities Co.Ltd(601066) research report believes that Baijiu spring sales fell smoothly, and the coke market watched later. At present, the Spring Festival dynamic sales has become one of the core factors most concerned by the market. It has communicated with some dealers in many parts of the country and believes that the Spring Festival dynamic sales are stable as a whole, the market performance of Jiangsu and Anhui is good, and the performance of high-end wine is relatively stable.
The pork sector rose sharply today, Shenzhen Kingsino Technology Co.Ltd(002548) and Leshan Giantstar Farming&Husbandry Corporation Limited(603477) and other stocks rose by the limit, and the 300 billion giant Muyuan Foods Co.Ltd(002714) rose by more than 5%. According to the monitoring of the national development and Reform Commission, the national average pig grain price ratio was 5.57:1 in the week from January 24 to 28, which was between 5:1 and 6:1 for three consecutive weeks, entering the level II early warning area of excessive decline set in the plan for improving the regulation mechanism of government pork reserves and ensuring the supply and price stability of pork market. The national development and Reform Commission will work with relevant departments to start the collection and storage of pork reserves as appropriate, and guide local governments to carry out the collection and storage according to regulations.
“Gu ailing” concept stocks rose again
The Beijing Winter Olympic Games are in full swing. Chinese player Gu ailing won the third gold medal for the Chinese team and quickly swiped the screen. In the A-share market, the shares of a listed company named ” Invengo Information Technology Co.Ltd(002161) ” also reached a new high, and rose again on February 9.
Because the company’s name is related to the Olympic champion, it is jokingly called “Gu ailing” concept stock by shareholders. However, Invengo Information Technology Co.Ltd(002161) recently clarified: “the company has no products related to the Winter Olympic Games and has no relevant cooperation with Gu ailing. Investment needs to be cautious. Please be cautious about rumors!”
Invengo Information Technology Co.Ltd(002161) replied that the fluctuation of the company’s share price is affected by a variety of market factors, and the company has no relevant cooperation with Gu ailing.
According to the performance forecast of 2021 released by Invengo Information Technology Co.Ltd(002161) , the company expects the net profit attributable to the parent company to be a loss of 60-85 million yuan, which has narrowed, with a loss of 438 million yuan in the same period in 2020. For the future planning, Invengo Information Technology Co.Ltd(002161) replied that the company will actively explore the market, dig deep into customer needs and strive to achieve a breakthrough in performance.
In addition, China Mobile, endorsed by Gu ailing, also rose the limit strongly. On February 9, China Mobile rose the limit for the first time after its listing. At the same time, its share price hit a new high since its listing, with a total market value of more than 1.4 trillion yuan. Share prices rose sharply for two consecutive days, and once rose more than 7% in the session yesterday.
Citic Securities Company Limited(600030) recently gave China Mobile A-share a target price of 75 yuan. On February 8, Citic Securities Company Limited(600030) released the research report, saying that China Mobile is the leader of global operators. The company has leading profitability, high-quality assets, good cash flow performance, and significant advantages in network resources and user scale. China Mobile’s competitive advantage in the 5g era is expected to be further consolidated, and China Mobile’s business is expected to develop well and its performance continues to grow. Give China Mobile A shares and Hong Kong shares 1.3 times and 1.0 times Pb in 2022 respectively, corresponding to the target price of 75 yuan and 70 Hong Kong dollars respectively.
Zheshang Securities Co.Ltd(601878) the research report pointed out that the inflection point of the industry has been established. Driven by the improvement of 5g penetration and the strong growth of innovative business, it continues to be optimistic about the development expectation of operators. The company has started a new transformation and upgrading, expanding from communication services to broader information services, and has achieved results.
Xu Jiayin: Evergrande currently has more than 50 billion pre-sale regulatory funds
you can’t rely on selling assets to pay off debts
Hengda held a mobilization meeting for the new year’s commencement of the guaranteed delivery building in 2022 on February 6. Liang Weikang, executive vice president of Evergrande group, put forward the goal of delivering about 70 million square meters and 600000 sets of buildings this year. By June 30 this year, we will ensure the delivery of 200000 units and strive to deliver 300000 units, so as to achieve more than half of the time and more than half of the delivery. Xu Jiayin, chairman of the board of directors of Evergrande group, said that this is equivalent to nearly 50% of all guaranteed building projects of Evergrande to be delivered within the year. Xu Jiayin revealed that at present, Evergrande’s pre-sale regulatory capital is more than 50 billion, which can basically start the full resumption of work after the Spring Festival.
Xu Jiayin also mentioned again at the meeting, “we can’t sell the company’s assets at a low price at any time, and we should pay attention to preventing loopholes in the process of asset disposal. We can’t rely on selling assets to pay off debts, otherwise it will be difficult to pay off debts after selling assets at a low price.”
The following is the full text of Xu Jiayin’s speech at the meeting——
Building protection is the key battle of Evergrande. We will fight and win
— Xu Jiayin’s speech at the mobilization meeting for the new year construction of Baojiao building in 2022
First of all, on the occasion of the Spring Festival, I wish you all a auspicious year of the tiger, the vitality of the tiger and all the best. 2021 is an extraordinary year for Evergrande group. 2022 is a key year for us to get out of difficulties and move towards the future. This year, we must start building guarantee and delivery in an all-round way and unswervingly complete the goal of building guarantee and delivery throughout the year, which is the most important task and work of this year. At the same time, we should try our best to resume sales and operation, actively promote cooperation in an all-round way, and strive to resolve various risks. Next, I will focus on six aspects:
I. make every effort to resume work and ensure the delivery of buildings
(I) we should recognize the difficulty and importance of returning to work and ensuring the delivery of buildings. During the normal operation of the company in previous years, the inflow and outflow of funds were very large, such as 1.3 trillion in 2019 and 1.2 trillion in 2020. In the past, we delivered 50000 or 600000 buildings a year at the peak. Last June, the company began to get into trouble, and there was almost no capital inflow since September. In this case, it is very difficult for us to achieve a large number of building deliveries. Our task this year is very heavy. Just now, executive vice president Liang Weikang also mentioned that we should guarantee the delivery of about 70 million square meters and 600000 sets of buildings in 2022, which is equivalent to nearly 50% of all guaranteed delivery projects of the group to be completed this year. Therefore, the task is arduous and difficult. However, the guaranteed delivery building is a major social livelihood involving tens of millions of owners, and its importance is self-evident. This is a social responsibility that we should and must undertake. We should do our best to do this work at all costs.
(II) we are determined and confident, never give up, and earnestly fulfill the main responsibility of the enterprise. The plan of the year lies in spring. Today is the sixth day of the lunar new year. More than 3000 leaders above the head of each department and center of our group, middle-level cadres above the head of each regional company department and general managers of each project go to work one day in advance, hold a mobilization meeting for the commencement of the guaranteed delivery building in the new year of 2022, and comprehensively deploy the guaranteed delivery building in 2022. The new year’s new weather represents our determination to work hard to carry out the guaranteed delivery of the building to the end.
Before the Spring Festival, we did a lot of preparatory work. We issued three important documents, and gave many measures to the construction cooperative enterprises, that is, we should mobilize the enthusiasm of the partners in the construction after the Spring Festival, such as the cash payment for construction projects, the contract price for raising the surplus output value of the construction, the start-up funds for the resumption of work after the Spring Festival, and the proportion of all the progress payments. Reward the construction unit for work efficiency, etc. All these are to make the construction units that have long-term cooperation with us get tangible benefits. With more abundant cash flow, the construction units can realize the full resumption of the guaranteed delivery project; Only by vigorously restoring the normal construction and restoring the confidence of the market can we restore the sales collection and the sales of the certified but unsold volume of the guaranteed building.
At present, our pre-sale supervision fund is more than 50 billion, which can basically start the full resumption of work after the Spring Festival. Of course, there are some imbalances between projects. The continuity of construction after resumption depends on the marketable value of nearly 80 billion uncollected sales and nearly 90 billion guaranteed delivery buildings. This 170 billion is the capital basis of sustainable guaranteed delivery buildings.
At present, more than 80% of our long-term partners, including the main construction, material supply and decoration units, are continuing to cooperate with Evergrande. The measures we introduced before the Spring Festival have received a positive response from our partners; Moreover, each province, city and district has set up a special class for building guarantee of Evergrande project to guide and help us promote the resumption of work, production and building guarantee. With gratitude in mind, we should make every effort to ensure the delivery of buildings with practical actions and fulfill the main responsibility of the enterprise.
(III) solidly promote the specific work of building guarantee and delivery, and resolutely complete the monthly, quarterly, semi annual and annual tasks. Target and plan management has always been a powerful magic weapon of Evergrande. The comprehensive management center of the group should issue the monthly assurance target and goal plan of guaranteed delivery of the building, and we should implement it in a down-to-earth manner. Here are six specific requirements:
1. Firmly carry out the rapid and comprehensive construction. It is our first priority to start construction in an all-round way. During the Spring Festival this year, some of our projects did not even stop work, and some only stopped on New Year’s Eve and the first day of the new year. Next, we should pay close attention to the resumption of work and normal construction of national projects after the Spring Festival. As I have said before, only when we fully start the construction and ensure the normal construction of the delivery building project, can we resume sales and operation. This is not a question of chicken or egg first. It must be that we start construction in an all-round way before we can resume operation, repay all kinds of debts and get out of trouble.
2. Realize the work efficiency of project construction to reach the standard quickly. Since September last year, we have put forward a major business strategy of ensuring the delivery of buildings within three years. By the end of last year, the resumption rate reached 93.2%, but the work efficiency is still far from good. That is because it is close to the Spring Festival and the northern winter break. Considering the return of a large number of migrant workers, we do not pay special attention to the work efficiency. After the Spring Festival, first of all, we should quickly start the full commencement of the guaranteed delivery building project. More importantly, we should achieve the rapid work efficiency standard. By the end of March, 80% – 90% of the guaranteed delivery building projects, including the severe cold areas in the north, should achieve the full work efficiency standard and normal construction. The simplest indicator of reaching the work efficiency standard is to see the number of people returning to work. According to the work efficiency improvement goal of the four grade guaranteed delivery project just mentioned by President Liang, the total number of construction workers will reach 100000 by the end of February, 200000 by the middle of March and 300000 by the end of March, so as to ensure the delivery of 200000 units by June 30 this year, strive to deliver 300000 units, and achieve more than half the time and more than half the delivery.
3. All regional companies and projects shall make capital plans and material supply plans to ensure the continuity of the construction of the guaranteed delivery building project. With regard to material supply, we have also done a lot of work before the Spring Festival to expand material suppliers and ensure that there are at least 5 units for each kind of material; Cash and spot greatly improve the enthusiasm of suppliers; Reward suppliers for timely arrival, delegate the authority of selecting brands by material division to the general manager of the project, and select brands in the supplier library, etc. The supply of materials is particularly critical, which is an important guarantee for the quality of our Evergrande products. We should not only meet the timely supply of materials and ensure the quality, but also meet the commitments we made to the owner during sales. Therefore, material supply is very important. Sufficient arrangements should be made for all projects in the capital plan. Considering the shortage of funds in some projects, we should strengthen communication, try our best to achieve the balance of funds among projects, and increase the sales collection and asset disposal, so as to ensure the continuity of project construction.
4. Firmly establish the idea of quality first. Construction safety is a grand plan for a hundred years, and human life is crucial. We talk about safe and civilized construction year after year, month after month and day after day, and we have to keep talking in the future. We must let this thought go deep into the bone marrow. Quality is the biggest brand of the enterprise. It is not allowed to reduce the material standard and construction standard due to cost reduction. We must deliver the building with quality and quantity as promised to the owner at the time of sales.
5. Strengthen project management and improve project system. We should further strengthen the project management, especially formulate and improve the appropriate project management system and establish the appropriate project management system according to the current situation of the company.
6. Take multiple measures to greatly reduce costs. Before the Spring Festival, we successively issued three important documents on the bidding of construction units, the procurement and supply of materials and the sharp reduction of management costs. In terms of construction units, we use cash payment to reduce the capital cost under the condition of commercial ticket payment in the past; Materials are also supplied in cash and in stock. At the same time, suppliers with qualified quality are added, supply zoning is optimized, transportation costs are reduced, and suppliers’ quarterly purchase prices will be gradually reduced; In terms of management, in order to improve the efficiency of project decision-making and reduce the lengthy management approval process, we encourage local companies and provincial companies to work on the front line of the project and greatly reduce the staffing of provincial departments, so as to reduce labor, office and other management costs. These are very specific and targeted measures.
II. Do everything possible to resume sales and normal operation
The prerequisite for resuming sales and normal operation is the full commencement and normal construction of the guaranteed delivery building project. Only by realizing full and normal construction can the market and customers’ confidence in Evergrande be gradually restored; The resumption of sales and operation can better promote the resumption of work and production and the continuity and stability of normal construction, so as to better realize the main responsibility of ensuring the delivery of the building and live up to the trust and expectations of the house owners.
For a long time, Evergrande’s product quality has been highly recognized by the market, especially the garden quality and decoration delivery, which have always been the outstanding advantages of Evergrande’s products and the confidence for us to resume sales. Therefore, we should do well in the following points:
(I) establish a new marketing system
Now Evergrande has encountered great difficulties, requiring the group’s marketing system to immediately study a new structure and system suitable for the current situation under the new conditions, new situation and new market environment. Break the traditional thinking set, conduct in-depth discussion from multiple dimensions such as marketing strategy, product value, advertising promotion and sales team, establish a new marketing system and achieve new breakthroughs in sales.
(II) establish new marketing ideas, methods and measures
Under the new marketing system, the group’s marketing brand center should take the lead in organizing regional companies and front-line teams to conduct in-depth and continuous discussion, study every day, and formulate effective specific marketing measures in combination with the progress of the resumption of work and production of various projects. Strengthen our product quality and brand publicity. As long as we resume work and production and the project is under normal construction, I believe we will achieve a breakthrough in sales.
(III) strengthen sales collection
Paying close attention to sales collection is the key link to maintain the sustainability of resumption of work and production of various projects at this stage. Since December, the absolute value of sales collection of the whole group has continued to rise, and the overall momentum is good. Next, the relevant leaders of the group should closely cooperate with regional companies and projects, and actively obtain the strong support of financial institutions at all levels; Keep the owner informed of the progress and benefits of the resumption of work and production, clarify the funds used to ensure the delivery of the building, restore the confidence of buyers, and achieve an average monthly sales return of more than 10 billion to ensure the construction of the project.
(IV) make business planning
In addition to the scope of guaranteed buildings, the group also has 56 million square meters of projects under construction that have not been certified and opened, 160 million square meters of land reserves and 150 old reconstruction projects. Relevant leaders of the group, relevant functional departments and regional companies should conduct serious and in-depth discussions, make the next step of strategic planning, form specific implementation measures, start and turn these large quantities of high-quality assets, and restore our development, construction and normal operation.
III. strive to explore a win-win path of all-round, multi-level and blooming cooperation
I have never mentioned before. From today on, I call on the eight immortals of the whole group to cross the sea, show their magic powers, and adopt various cooperation methods without sticking to one pattern to promote comprehensive cooperation and win-win work.
First of all, all disciplines, sectors and systems of the whole group should perform their respective duties. Leaders at all levels and all employees should make every effort to do a good job of win-win cooperation. We should not be limited to one aspect or one project, but should be all-round, multi-level and let a hundred flowers bloom.
Secondly, the forms of cooperation can be diversified. We do not set any fixed form, nor do we have any rules and regulations. One is mature and the other is cooperative.
Finally, I would like to emphasize that our cooperation still needs basic principles and conditions. There are five specific aspects:
1. Cash must be returned to the special account for supervision of Baojiao building. The government must be clear about how to allocate the funds to the first floor and the second floor, and the funds must be paid back to the supervision account. It is necessary to keep in mind that the project cooperation can not just repay the debt. The debt repayment can be finally paid off only after the resumption of work and production, normal construction, sales and operation.
2. It is not allowed to sell the company’s assets at a low price. Since last June, I have always stressed that the company’s assets should not be sold at a low price at any time, and attention should be paid to preventing loopholes in the process of asset disposal. We can’t rely on the sale of assets to pay off the debt, otherwise it will be difficult to pay off the debt after the sale of assets.
3. The rights and interests of the company must be protected. We can deal with assets and carry out project cooperation with any unit in any form, but it must be based on the premise and basis of protecting the rights and interests of the company. Fully communicate with partners during negotiation, and make detailed agreements on the core terms such as asset price management, fund use and equity change when formulating the cooperation agreement; When submitting the approval materials, we should sort out the recent land auction price, sales in surrounding markets, current goods volume of the project and other information in detail as we launch a new project; In the final decision-making process, the group investment cooperation committee should conduct in-depth discussion and prudent decision-making to effectively protect the rights and interests of the company.
4. Ensure the normal development and construction of cooperative projects. For any project or any form of cooperation, the partners must ensure the investment of follow-up funds and ensure the normal development and construction of cooperative projects, especially for the project of guaranteed delivery building.
5. Eliminate loopholes in project cooperation. In the process of project cooperation, it will be the same as our previous projects. The situation is very complex and prone to various problems. Recently, in the process of disposing assets of individual projects, there have also been acts of selling assets at a low price without authorization and seriously damaging the interests of the company. These things can’t be done as soon as they are done. They will be held accountable. At the same time, we have been formulating and improving various management systems to eliminate similar phenomena.
IV. take effective measures to resolve various risks
At present, group companies, regional companies and various projects will encounter various difficulties and risks, which we must strive to resolve. When encountering risks, we should actively face them, communicate more, deal with them correctly and avoid making wrong decisions; When encountering problems, we should consider them in all aspects, study calmly and resolve them patiently. We should not retreat in distress and forge ahead.
V. strengthen internal management and eliminate all kinds of loopholes
(I) improve relevant management systems and plug loopholes
In the recent series of streamlining administration and delegating power, we have fully authorized front-line projects, especially all aspects of the project, and delegated approval authority from the aspects of bidding procurement, project management, fund payment, seal use and so on, so as to improve efficiency. However, delegating power does not mean ignoring it. Instead, we should constantly optimize the management system to prevent a very small number of people from using their power to harm the public and private interests and damage the interests of the company.
(II) strengthen supervision and crack down on internal corruption
Evergrande has always attached great importance to supervision and maintained a high-pressure situation of severely cracking down on moths in the company. Despite this, there are still some serious corruption phenomena in second-hand land sales and capital financing.
At the critical moment of returning to work and production and ensuring the delivery of the building at this stage, there are still a few people who take chances and make the company’s “suffering money” without conscience. In the next step, we should continue to strengthen the strength of the supervision office, work together with the legal department of the group, and resolutely crack down on all kinds of corruption within the company.
Vi. strengthen team building
This year, we will streamline the organization according to the actual situation of the company, further establish a flat management system and strictly set posts and staffing. Before the Spring Festival, we have fixed the number of provincial headquarters of Companies in various regions. The provincial headquarters has been reduced from 15000 to more than 5100, and a large number of employees have been added to the front line of the project.
At present, the vast majority of our cadres are going all out, working hard and making selfless contributions. Although the company’s salary is not paid in time in some regions, leaders and employees at all levels still work day and night, work overtime and fight on the front line in order to return to work, resume production and ensure the delivery of buildings, which fully demonstrates Evergrande’s corporate culture and the combat effectiveness and cohesion of the team. However, there are also very few leading cadres who lie flat or half flat. In view of this situation, we should resolutely eliminate a number of leading cadres who do not act, do not take responsibility and do not work, and boldly promote a number of excellent, motivated and responsible leading cadres. In a word, we should further build a team of Evergrande cadres and employees who are loyal to the company, hard-working, fearless of difficulties, brave to take responsibility, tenacious, never give up, hard-working and especially able to fight.
With one heart, Mount Tai moves! Colleagues, let’s unite more closely and do a solid job in building guarantee and delivery. I firmly believe that we will fight and win, get out of difficulties and move towards a brilliant future!
(according to the recording of the meeting on February 6)
200 million flexible employment screen
According to the overseas edition of people’s daily, video production, network anchor and copywriter… The vigorous development of platform economy and sharing economy has bred rich employment methods, and flexible employment has become a new choice for young people. The relevant person in charge of the National Bureau of Statistics said recently that by the end of 2021, China’s flexible employment had reached 200 million, including more than 1.6 million anchor and related employees, nearly three times higher than that in 2020.
The number of flexible employment in China has increased significantly, and the group of college graduates with active thinking and good at innovation has become the main force of flexible employment. According to the statistics of the national college student information consultation and Employment Guidance Center, the flexible employment rate of college graduates in China exceeded 16% in 2020 and 2021.
“Choosing flexible employment does not mean that you can’t find a job, nor do you just ‘do odd jobs’, but a new employment model.” Compared with the traditional long-term employment model, the advantage of flexible employment lies in the relatively loose access and exit mechanism. Whether job seekers or enterprises, flexible employment provides them with more trial space and choice opportunities.
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