Wang Jianlin made another move!

According to the announcement on the evening of July 23, the shareholders of Beijing Wanda Investment Co., Ltd. (referred to as "Beijing Wanda Investment") changed, and the 49% stake of Wanda Investment was transferred to Shanghai Ruyi Film and Television Production Co., Ltd. (referred to as "Shanghai Ruyi").

Wang Jianlin’s transfer of a 49% stake in Beijing Wanda’s investment topped the hot search list.

This is the third time Wang Jianlin has sold assets since July. When the domestic film and television market is recovering, why did Wanda choose to sell the equity of Beijing Wanda Investment Company?

Wanda, which is on the cusp of the trend, has made a big move to sell assets.

People familiar with the matter told Surging News that the Wanda Group will use the funds sold to repay the principal of the $400 million debt due on July 23.

According to the announcement, on the evening of the 23rd, the consideration for this transaction surfaced. China Ruyi announced that on July 20, Shanghai Ruyi (the company’s controlled structural entity), as the transferee, entered into an equity transfer agreement with Beijing Wanda Cultural Industry Group Co., Ltd. to transfer its 49% stake in Beijing Wanda Investment Co., Ltd. for 2.262 billion yuan.

Before the transfer, Wang Jianlin and Wanda Group’s Beijing Wanda Cultural Industry Group Co., Ltd. jointly owned all the shares of Beijing Wanda Investment. After the transfer, Beijing Wanda Investment will be held 49.8% by Wanda Cultural Industry Group, 49% by Shanghai Ruyi, and 1.2% by Wang Jianlin.

Upon completion of the share transfer, Shanghai Ruyi will directly hold a 49% stake in Beitou. "Shanghai Ruyi currently has no intention of appointing directors to Beitou and has no intention of participating in its daily operation and management. Beitou will not be a subsidiary of the company and its financial results will not be consolidated into the company’s consolidated financial statements," China Ruyi said.

Analysts said that this time Ruyi Film and Television is willing to invest in Wanda Investment because of its stake in Wanda Film. At present, Beijing Wanda Investment’s foreign investment enterprises include Qingdao Wanda Cultural Investment Co., Ltd., Wanda Film joint stock company, and Beijing Wanda Film Distribution Co., Ltd.

Previously, Wanda Film transferred its equity twice in a row.

On the evening of July 11, Wanda Film announced that Beijing Wanda Investment intends to transfer its shares 180 million shares of the company to Lu Lili, the wife of the actual controller of Oriental Wealth, through the transfer agreement, accounting for 8.26% of the company’s total share capital, and the transfer price is 12.07 yuan/share.

On July 18, Wanda Film announced again that Beijing Wanda Investment and its concerted action Shanxian Rongzhi signed the "Share Transfer Agreement on Wanda Film joint stock company", Beijing Wanda Investment intends to transfer its holding of Wanda Film unlimited sale conditions 177 million shares (accounting for 8.14% of Wanda Film’s total share capital) to Shanxian Rongzhi, the transfer price is 13.17 yuan/share.

The above two Wanda Film equity transfers recovered a total of more than 4.50 billion yuan.

Wanda Film was founded in 2005 and belongs to Wanda Group. In the first half of this year, Wanda Film recorded revenue of 6.70 billion yuan to 6.90 billion yuan, an increase of 35.6% to 39.7% year-on-year; in terms of profit, the net profit attributable to shareholders of listed companies in the first half of the year was 380 million yuan to 420 million yuan, which was a turnaround from a loss of 581 million yuan in the same period last year.

Shanghai Ruyi, who entered the audience this time, is a dark horse in the domestic film and television industry in recent years. The company was established in 2013 and the actual controller is Ke Liming. In recent years, it has successively invested in films such as "Hello, Li Huanying", "Send You a Little Red Flower", "To Our Eventually Gone Youth", etc., and TV drama masterpieces include "No War in Beiping", "Langya List", "Biography of Miyue", etc.

This year, the box office hit "Vanishing Her" also participated in the investment. In addition, this year also led the investment of "Passionate" and "Keep You Safe". "Passionate", which will be officially released on July 28, is a film directed by Dapeng, starring Huang Bo and Wang Yibo, and starring Liu Mintao, Yue Yunpeng and Xiao Shenyang.

Ruyi Film and Television is a wholly-owned subsidiary of Hong Kong-listed China Ruyi. The second largest shareholder behind China Ruyi is Tencent.

On July 4, 2023, China Ruyi entered into a share purchase agreement with the subscriber to issue a total of 2.50 billion subscribed shares at HK $1.60 per share, raising a net amount of HK $4 billion, 90% of which is intended to be used for the development and expansion of the film and game business.

According to the announcement of the Hong Kong Stock Exchange, Tencent completed the subscription of Chinese Ruyi new shares through its subsidiary Water Lily on the same day, holding 2.546 billion shares, and the shareholding ratio increased to 25.45%, further solidifying the position of major shareholders.

Before that, the predecessor of China’s Ruyi was Hengteng Network. In October 2020, Hengteng Network suddenly announced that it would acquire Ruyi Film for HK $7.20 billion, and Ruyi Film was listed on the backdoor.

Hengteng Network is a joint venture between Evergrande and Tencent. Before the acquisition of Ruyi, Evergrande and Tencent held 55.6% and 19.32% of Hengteng Network respectively. Evergrande is the leading company and its main business is Internet streaming media platform.

According to Yicai, Wanda has frequently "raised funds", behind which its debt repayment pressure cannot be ignored. As of the end of June 2023, Wanda Commercial manages the stock of domestic open market bonds of 12.341 billion yuan, and the stock of overseas bonds is about 1.80 billion US dollars. Among them, Wanda Commercial manages a bond of 400 million US dollars with a maturity date of July 23.

In view of the debt repayment pressure of Wanda, the rating agencies such as Chengxin International, Fitch, Moody’s, and Standard & Poor’s have successively adjusted the rating/rating outlook of the joint stock company of Dalian Wanda Commercial Management Group.

S & P pointed out that after Wanda Commercial repaid the RMB 9.60 billion bonds due in April 2023, its combined cash balance fell from 30.50 billion yuan to 15 billion to 20 billion yuan by the end of Quarter 1 in 2023, so Wanda Commercial will face tremendous repayment pressure in the next 12 months. Of this combined amount, it is estimated that about 8 billion yuan to 10 billion yuan of cash is retained at the management level of Zhuhai Wanda.

Fitch said the downgrade was based on Dalian Wanda Commercial Management’s confirmation to Fitch that it had failed to pay the coupon on the $400 million bond due in 2025, which was due on July 20, 2023. Wanda said it expected to complete the coupon payment within a grace period. According to the bond prospectus, the issuer has a 10-day grace period before the default event is triggered.

Regarding the intensive adjustment of ratings, Wanda Commercial Management Group said that the company’s operations are stable and its profitability is good. The company will fulfill its information disclosure obligations in strict accordance with the provisions and requirements of relevant laws and regulations, and remind investors of relevant risks.

　　　The results of the highly anticipated "2023 China Top Ten Chassis Selection" were announced, and exciting news came that Starway Eta Ursae Majoris won this honor! As the representative of Chery’s high-end brand, Starway Eta Ursae Majoris has won unanimous recognition from industry experts and users for its excellent chassis configuration, the most advanced technological achievements and the advantage that the only whole system can be equipped with CDC electromagnetic suspension system within 200,000.

　　Flying fish extrasensory chassis is one of the core features of Starway Eta Ursae Majoris. It adopts brand-new development, design and adjustment to provide users with excellent driving experience. One of the most striking features is the CDC electromagnetic suspension system, which is unique among the models within 200,000. The application of this technology makes Xingtu Eta Ursae Majoris achieve the ultimate balance in comfort, handling and safety, which is desirable.

　　The combination of the flying fish extrasensory chassis and the vehicle positioning of Star Road Eta Ursae Majoris comfortable driving SUV pays attention to the balance of handling, comfort and safety. The flying fish extrasensory chassis has been newly developed and designed in terms of chassis structure, suspension, braking and materials, and has been adjusted by a professional team, aiming at bringing users a flying experience.

　　On the basis of inheriting the five-star safety gene of M3X Mars Architecture 2.0, Starway Eta Ursae Majoris innovatively adopted a brand-new cage energy-absorbing capsule technology. The proportion of ultra-high strength steel in the whole vehicle reaches 85%, which can withstand the pressure resistance of the 10-ton body. The unique design of "six energy-absorbing boxes and three-layer force transmission paths" is helpful to better absorb and distribute the impact and energy generated by collision, and provide industry-leading bending and torsion resistance.

　　The flying fish extrasensory chassis is equipped with CDC electromagnetic suspension system, which is rare at the same level, providing three modes of comfort, standard and sports. The system collects the dynamic data of road surface, car body and wheels in real time through five car body attitude monitoring sensors, four electromagnetic dampers and one controller, and quickly adjusts the suspension damping, and the response speed reaches millisecond level, which is not inferior to luxury brands. CDC electromagnetic suspension system not only realizes intelligent control of vehicle attitude, but also improves comfort and handling. With the aid of this system, the vehicle’s head-up phenomenon is reduced by 36%, the braking nodding situation is weakened by 30%, and the anti-roll ability and isolation performance are improved by 5% and 40% respectively. The overall suspension comfort performance has been improved by 30%, which truly realizes the luxury quality of "starting without looking up, braking without nodding, turning without tilting, bumping without sprinkling water". In the era of intelligence, the new car also supports remote OTA upgrade, always providing the most advanced comfort and control experience.

　　Not only that, Starway Eta Ursae Majoris also demonstrated the most advanced technological achievements of Chery’s high-end brands in chassis. After being highly praised by experts and professors from the State Key Laboratory of Automobile Body of Hunan University, the advanced technology and excellent quality of the flying fish extrasensory chassis have been fully affirmed. These achievements have also been widely recognized in the market. According to the survey, 67% of users choose the model equipped with flying fish extrasensory chassis when buying a car, which shows its high popularity.

　　In order to meet the market demand and users’ expectations, Starway Eta Ursae Majoris launched a brand-new version of Flying Fish at Chengdu Auto Show, and equipped the flying fish super chassis on the two-wheel drive vehicle for the first time, making it the only vehicle with CDC electromagnetic suspension system in 200,000 years. This move further broadens the choice of consumers and provides more possibilities for consumers who pursue excellent chassis performance.

　　Starway Eta Ursae Majoris’s achievements are not limited to chassis configuration. It is also equipped with the intelligent cockpit of Lion Ecology 2023, which won the gold medal in American IDA design, the brand-new 2.0T+ Aisin 8AT/7DCT surge power and the price close to the people. These characteristics make Xingtu Eta Ursae Majoris a choice that can’t be ignored. With its luxurious sensory value, it will surely win the trust and favor of more consumers.

　　Starway Eta Ursae Majoris’s award of "Top Ten Chassis in China in 2023" is the best proof of its overall strength. Not only does Chery’s high-end brand lead the development of the industry with the most advanced technological achievements, but at the same time, Xingtu Eta Ursae Majoris, as its representative model, brings excellent driving experience to consumers with excellent chassis configuration and unique CDC electromagnetic suspension system.

　　In the future, Starway Eta Ursae Majoris will continue to meet the market demand and win the trust and favor of more consumers with the concept of innovation breakthrough and customer first. Whether it is chassis performance, technological innovation or excellent configuration, Starway Eta Ursae Majoris will be your choice that cannot be ignored. Let’s look forward to creating more glories in the future development of Xingtu Eta Ursae Majoris!

Tomorrow is the first press conference of Xiaomi Automobile.

In the past week, Xiaomi continued to build momentum. This belated press conference attracted the attention of the whole industry. Everyone is expecting that Lei Jun can give a brand-new product that spans the industry.

However, this week’s intensive traffic is slightly crowded for the automobile industry. Huawei, the flagship SUV, went public on M9, and got on the high ground of public opinion first. As an old rival in the mobile phone industry, Huawei and Xiaomi met again in the automobile circle.

Extreme Krypton 007 and Extreme Fox Alpha T5 will also be listed tonight, and Tucki X9 will choose New Year’s Day Peak to announce the price.

It can be seen that the competition faced by Xiaomi Auto SU7 is almost the same as that of the mobile phone industry many years ago. At that time, Luo Yonghao, Zhou Hongyi, Jia Yueting and other big names were equally influential in the smart phone industry.

Of course, Lei Jun also realized that this morning, he specially sent a Weibo, saying that he knew the complexity of the automobile industry and knew that it was hard to develop. Then he paid tribute to some "car pioneers" and explicitly mentioned five.BYD, Weilai, Tucki, Ideality and Huawei..

A poster is enough to make people think. Only five posters were mentioned, BYD ranked first, and Huawei finally, where will more players not mentioned be?

I have to admire Xiaomi’s marketing ability.The half-covered and half-masked appearance has already satisfied the audience’s appetite.Before that, all the trouble can attract a large number of people to interpret.

Yesterday, Huawei just released M9, and Lei Jun made a thorough analysis of Xiaomi’s information in advance. Also responded to many questions, such as why it is called SU7? What is the positioning of the first car? This also satisfies people’s curiosity to some extent.

High-end commercial warfare is so unpretentious, trying every means to seize the high point of the topic. What is certain is that tomorrow’s release conference of Xiaomi Automobile in Beijing will be a milestone appearance.

01. Lei Jun’s Spoiler

Lei Jun has made it clear that the press conference on the 28th will only talk about technology, not products, and the duration will be a bit long, starting from 2 pm, estimated to be about 3 hours, and it will also talk about the R&D strength accumulated since Xiaomi built the car.

At present, the R&D team has more than 3,400 people, including thousands of technical experts, and has made many innovations and breakthroughs in many technical fields. Intelligent electric vehicles are the integration of automobile industry and consumer electronics, and Xiaomi’s own technical accumulation and experience in consumer electronics also help Xiaomi Automobile.

Regarding the naming, Lei Jun explained the reason, saying that the name SU of this car is actually the abbreviation of Speed Ultra, which is concise.high-performanceMeaning of.

Musk once said that Tesla would not build a slow train. In fact, Xiaomi has the same idea, and the first product must be the ultimate. As for how to pronounce it, Xiaomi has also discussed it seriously. If you think this name is awkward, it doesn’t matter. You can just call it "Su Qi", just like calling a friend’s name.

Since it is a high-performance car, the pricing will definitely not be too cheap. Lei Jun also gave a vaccination to many netizens in advance this time.

Lei Jun said that Xiaomi SU7 is in the trial production and climbing stage, and it will take several months for it to be officially listed. There is no final decision on pricing, but it is a bit expensive, but it is "reasonable" and will exceed everyone’s expectations in experience.

As for why the car will be the first model, Lei Jun also left a little suspense, saying that it will be explained in detail at the press conference on the 28th.

The first car represents Xiaomi’s car-making concept: technology+ecology, and advanced mobile smart space. Therefore, the positioning of Xiaomi SU7 is "C-class high-performance eco-technology car".

In addition, Lei Jun also talked about the problem of benchmarking vehicles. Lei Jun said that Xiaomi SU7 didn’t have an accurate benchmarking vehicle, and hoped to be a dream cars that could carry all people’s aspirations.

In terms of mechanical qualities such as drivability, I hope to be comparable to Porsche Taycan Turbo；; Intelligently, I hope to be comparable to Tesla Model S；; At the same time, it also has the most advanced technology and the richest ecology.

"Today’s automobile industry, saving a car is really not difficult. Just find a benchmark car, do reverse engineering, change the appearance, and it will be completed soon. But today, 200 new cars are released every year on the market. Do you still need Xiaomi to pick up another one? "

This is also on the 1000th day when Xiaomi announced that he would build a car. What Lei Jun said is enough to explain the confidence of this Xiaomi car. He said that this technology conference will be a comprehensive display of technology accumulation since Xiaomi was founded 13 years ago.

In addition, Lei Jun also revealed to Weibo today that Xiaomi 澎湃 OS launched a new logo and will meet you with a brand-new image, like this:

With the upcoming release of Xiaomi Automobile, Xiaomi’s "all-ecology of people and cars" is officially closed, and it will also usher in a "leap" moment.

02. There must be a battle with Huawei.

As the bell approaches in 2024, two giants, from mobile phones to cars, finally meet on the stage of cars.

In March 2021, Xiaomi announced that he would build a car. Lei Jun’s phrase "Fight for Xiaomi Car" began to distribute heroic posts to the whole world, which made the whole automobile circle boil. On April 19th of the same year, Celeste Huawei chose SF5 to go public, and Huawei’s mobile phone showroom began to put cars on it.

In the past decade, this pair of old rivals in the domestic mobile phone industry has also expanded their "battlefield" to the automobile industry.

It’s just that the strategies of the two companies are slightly different. Huawei has repeatedly reiterated that it does not build cars, but only cooperates with car companies to provide supporting solutions for car companies and build eco-brands. Xiaomi is bold, paving the way with cash, from research and development to production.

Different routes lead to the same goal, but they are all handed over to consumers to verify products. From technology to ecology, both sides will fight back and forth.

Although the entanglement in the automobile circle has just begun, the love-hate relationship between the two sides in the old line has existed as early as ten years ago.

In 2013, in the third year of its establishment, Xiaomi Mobile became a dark horse in the mobile phone market with the high cost performance of Xiaomi and Redmi. In that year, Huawei launched the Huawei Glory brand.

The positioning and pricing of the products of the two companies are highly coincident, which has kicked off the entanglement between the two sides for so many years.

The confrontation between the two sides is also quite explosive.Earlier, some netizens spoke about the workmanship of Xiaomi 4 and Glory 6, which was personally forwarded to Weibo by Lei Jun, saying, "Which friend’s masterpiece is this black draft?" .

At that time, Liu Jiangfeng, president of Huawei’s Glory Business Department, directly forwarded it to Lei Jun Weibo, calling it "having a guilty conscience".

Subsequently, Lei Jun issued three Weibo in succession, saying that Xiaomi has been tolerating various practices of Huawei terminals, and that he is sorting out the list of public relations drafts of Huawei terminals touching porcelain Xiaomi. Yu Chengdong countered that no one in the team had hacked his opponent, suggesting that Xiaomi had no magnanimity.

By this year, the two sides have not been satisfied with the secret war of words, and directly moved the technical contest to the light.

In February this year, Huawei sued Xiaomi, claiming that Xiaomi infringed four patents of Huawei, involving 4G, taking photos, unlocking, etc. Xiaomi was not idle. In July, Xiaomi filed a counterclaim against Huawei against China National Intellectual Property Administration for six patents.

Just recently, Yu Chengdong questioned the "keel shaft" technology of Xiaomi folding screen, which also made Xiaomi officially issue an announcement to clarify the patent issues related to the technology, and said, "Please ask Mr. Yu Chengdong to follow ‘ Science and rigor ’ The basic rules, please don’t discredit peers and mislead the public. "

But the real drama is yet to come, these two outstanding people who have been killed by smartphones,The fight in the car circle will be even more exciting.

03. Everyone is concerned about the price.

Finally, let’s sort out the information that Xiaomi Automobile has made public at present. Although the technology does not talk about products at this conference, combined with the information that has been made public or exposed on the Internet, Xiaomi Automobile is poor in price.

On November 15th this year, Xiaomi SU7 declaration map appeared in the latest issue of the declaration catalogue of the Ministry of Industry and Information Technology.

The Logo on the front face is xiaomi LOGO, the letter "Xiaomi" is on the rear, and the logo of "Beijing Xiaomi" is on the lower left of the rear. It is positioned as a C-class car with a length, width and height of 4997mm, 1963mm and 1455mm respectively and a wheelbase of 3000 mm.

The semi-hidden door handle is used, and the rearview mirror is frameless. The whole vehicle has multiple air guide slots and is equipped with an electric tail, but it should be an optional configuration. In addition, ETC, rearview mirror style, skylight glass, wheels and calipers are all optional.

There will be two versions of rear drive and four-wheel drive, three different models of standard version, Pro version and Max version, and there may be a track version that will not be sold in batches. The power is 220kW and 275kW respectively, and the maximum speed is 210km/h and 265km/h respectively.

According to the information released by the Ministry of Industry and Information Technology, the batteries on Xiaomi SU7 have two models with capacity of 101kWh and 73.6kWh. The total mass of the battery pack is 645.8kg and 579kg respectively, and the corresponding cruising range is 800/750km and 668/628km respectively.

The 800km endurance car is equipped with Contemporary Amperex Technology Co., Limited ternary lithium battery, dual-motor four-wheel drive power, 800V high-voltage platform, and should be equipped with active tail as standard.

Judging from the configuration of laser radar on the roof and the investment of Xiaomi in developing intelligent driving, the intelligent driving ability will not be too low.

The spy photos of the new car interior, including some details, have been exposed before. From the spy photos, the interior uses the combination of embedded slender dial and floating screen, and uses the common design of electric vehicles. The whole interior is still based on simple technology.

The steering wheel has a three-piece shape, and a circular knob is set on the left and right sides, which looks more combative as a whole. It is speculated that these two knobs are used to adjust the driving mode and auxiliary driving functions of the vehicle.

As for the car, it is proper to get on the car in the surging OS system. Today, Lei Jun officially released the new logo of Xiaomi’s surging OS in Weibo, and specifically mentioned that the release of Xiaomi’s car is the last link to complete the ecological closed loop of people, cars and homes.

As for what other technologies Xiaomi has, I’ll see you at 2 pm tomorrow.

　　

Winter goes and spring comes, pineapple is sweet, and it is the annual pineapple season. On February 29th, the mining ceremony of Baiguoyuan Company’s signature Huahuang Golden Pineapple was successfully held in Chengmai County, Hainan Province. After three years of marketing promotion, Huahuang Jinfeng pear has gained certain market recognition. At the mining ceremony, the host introduced the cultivation process and fruit highlights of this pineapple, and invited the guests present to taste it together. The follow-up Huahuang Golden Pineapple will soon be put on the shelves in Baiguoyuan.

　　

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