Original link: https://www.latepost.com/news/dj_detail?id=1413
BYD told the shipyard, “Hello, you have a new order”
Tesla CEO Musk complained in the third-quarter conference call that the lack of logistics capacity prevented the company from delivering enough cars to customers, “not enough ships, not enough trains, and not enough trucks.”
Among these problems, the most difficult to solve in the short term is the problem of insufficient ships. Now, manufacturers in China are beginning to face these potential logistical problems. What they do is buy their own ships — just like their Japanese and Korean counterparts.
According to media reports, BYD and SAIC, which rank the top two in electric vehicle sales in China this year, are ordering ro-ro ships dedicated to transporting vehicles. BYD ordered at least 10 ships two months ago and SAIC’s Anji Logistics is believed to be bidding for a seventh for the fleet. Each ro-ro ship can generally carry no less than 6,000 vehicles.
At present, China has surpassed Germany to become the world’s second largest car exporter. According to Wind data, China exported about 2.6 million vehicles in the first ten months (the largest is Japan). This is partly due to increased production capacity at Tesla’s Shanghai factory and a pick-up in demand in the European market. According to data from the Passenger Federation, Tesla’s Shanghai factory exported 219,400 electric vehicles during the same period, a year-on-year increase of 167%.
After the financial crisis in 2008, the shipping industry as a whole had a short recovery period, and then fell into a long “bear market”. Insufficient demand has led to a decline in the overall return on investment of the industry from shipyards to container shipping companies, and the service life of ships has been forced to be extended, and some of them have been in operation for nearly 30 years. The epidemic further hit the already fragile auto supply chain.
According to data from industry organization Clarksons, the daily rent of ro-ro ships reached a maximum of nearly 100,000 US dollars in October this year, 10 times that of the same period in 2020.
But it is precisely because these logistics congestion points are short-term problems that appear in the medium and long-term cycle of the industry, so the market is worried whether it is too risky for car manufacturers to rush to order ro-ro ships that will be delivered in a few years. Moreover, the auto market itself seems to be shifting from insufficient supply to insufficient demand. It seems only a matter of time before the cost of car transportation falls. (Gong Fangyi)
Exclusive丨Bilibili launched a new round of “systematic cost reduction and efficiency increase actions”
“Wan Lian Cai” learned that Bilibili (Station B) has recently launched a round of systematic cost reduction and efficiency enhancement actions. Specific measures include personnel optimization, reduction of business input costs and operating management expenditures.
People familiar with the matter close to Station B said that this personnel optimization involves core businesses such as the main station and live broadcast.
The above-mentioned person told Wanwan Finance that the various measures to reduce costs and increase efficiency are expected to save the company more than 2 billion yuan in costs.
- Bilibili had a net loss of 6 billion yuan in the first three quarters of this year. In the third quarter that just passed, Station B achieved revenue of 5.793 billion yuan, with a growth rate of 11.3%. According to our statistics, this is at least the first time since 2020 that Station B’s quarterly revenue growth “outperformed” its operating expenses.
- CEO Chen Rui told analysts at Station B’s third quarter earnings conference call last month, “Loss reduction has become one of the company’s most important tasks.” Next, the company will reduce investment in non-core businesses and concentrate resources to achieve higher monetization rates business, and plans to complete the team’s “reducing fat and reducing weight” this year. (Gao Honghao)
Apple wants to get rid of supply chain concentration risk
According to media reports, due to the recent serious delivery delays of the iPhone 14 Pro, Apple has been stimulated to accelerate the transfer of production plans.
According to research firm Counterpoint Research, more than 85% of the iPhone 14 Pro is produced at Foxconn’s Zhengzhou factory. After the factory severely affected iPhone shipments due to the epidemic, Apple plans to increase the share of other suppliers such as Luxshare Precision and Wingtech in the future, and try to increase production in India and Vietnam.
According to TF International analyst Ming-Chi Kuo, it is difficult for Foxconn to continue to be the exclusive OEM of the next-generation iPhone Pro models, and the number of assembly plants will increase. In terms of regional proportion, Apple’s long-term goal is to ship 40% to 45% of iPhones in India; Vietnam will undertake more production of AirPods, Apple Watch and other products in the future.
The transfer of production will not be completed immediately, and India and Vietnam have their own problems. The former is difficult for regional governments to communicate and coordinate, and each state has different regulations and operating methods, while the latter lacks sufficient skilled workers. (Qiu Hao)
Shanghai lifts nucleic acid inspection requirements in shopping malls and other public places
On the afternoon of December 5, Shanghai announced that it would continue to optimize and adjust the epidemic prevention and control measures, and cancel the nucleic acid inspection requirements in public places including supermarkets. However, when entering restaurants, bars, schools, nursing homes, etc., a negative nucleic acid test certificate (< 48 hours) is still required.
In the evening, CCTV News reported that the Joint Prevention and Control Mechanism of the State Council invited Tong Zhaohui, a respiratory critical care expert and director of the Beijing Institute of Respiratory Diseases, to express his views on the pathogenicity of the new coronavirus Omicron variant. Tong Zhaohui’s core views include:
- The Omicron mutant strains are more transmissible, and their pathogenicity and virulence are significantly weaker than the original strains;
- The proportion of severe disease and death caused by the mutant strain of Omicron was significantly lower than that of the original strain and the mutant strain of concern;
- This is not only a characteristic of the Omicron mutant strain, but also related to the improvement of the immunity level of the population after vaccination;
- Compared with the global influenza epidemic in 2009, the proportion of pneumonia or severe or critical illness caused by the variant strain of Omicron was relatively low.
- Note: The 2009 global influenza refers to the H1N1 influenza pandemic, which roughly estimated to infect about 700 million to 1.4 billion people in 214 countries around the world in one year; the mortality rate in Mexico was as high as 2%, and that in other regions was less than 0.1%.
Since last weekend, other provinces and municipalities have adjusted prevention and control measures related to travel and life services, including:
- There is no need to scan the site code when entering and exiting Hangzhou East Railway Station, and the “arrival inspection” is implemented in accordance with the principle of “willing to inspect and inspect”.
- At noon on the 5th, Shenzhen announced that offices, restaurants, supermarkets, residential areas and other places will no longer be tested for nucleic acid; Internet cafes, nightclubs, chess and card rooms, KTV, bars, sauna bathing places and other six types of people gather in closed public places and still need 48 hours for nucleic acid negative;
- Shaoxing yellow code personnel can stay in a hotel, take a bus, or enter a restaurant to buy takeaway food with the certificate of negative nucleic acid within 48 hours and the proof of sampling in Zhejiang on the same day;
- Harbin enters the business premises and units, and no longer checks the nucleic acid certificate;
- Except for hotels, scenic spots and other crowded places in Nanning , nucleic acid testing will no longer be carried out;
- Zhengzhou will no longer check nucleic acid when entering and leaving public places; closed places will reopen;
- Nucleic acid inspections will no longer be carried out in public places in Dalian except nursing homes, welfare homes, and medical institutions;
- Urumqi ‘s commercial service industry has fully and orderly resumed normal production and operation; entering various places and taking public transportation will no longer check nucleic acid;
- Shandong announced the cancellation of landing inspection;
Measures related to health services include:
- Nucleic acid sampling points resumed in Chaoyang District, Beijing ; purchase of four types of medicines such as antipyretics and coughs is no longer real-named;
- Guangzhou announced that all fever clinics in the city should be set up and opened as much as possible;
- Chongqing said that all districts and counties will appropriately add convenient nucleic acid testing points to facilitate citizens who are willing to check;
- Chengdu purchases “four types of medicines” (fever, cough, anti-virus, antibiotics) need real-name registration, and urge nucleic acid testing, and if necessary, an antigen test first. (Gong Fangyi)
Know later丨Sunshine Insurance went public in Hong Kong, the second privately-owned insurance company in 18 years
There were at least 4 A-share IPOs this week.
- Weigang Technology: a leader in domestic label printing equipment, the products are mainly used for label printing of daily chemicals, alcohol, food and beverages, etc. According to the performance forecast, the revenue in 2022 is expected to be 435 million to 465 million yuan, which is basically the same as the previous year . First day of listing. It plans to raise 486 million yuan.
- LTECH Technology: The main product is intelligent power supply LED controllers. The gross profit margin is higher than that of comparable companies in the industry. It is mainly sold to European and American countries. The dividend amount in 2021 will account for 76% of the net profit of the year. It plans to raise 120 million yuan.
- Qiule Seed Industry: a biological breeding enterprise, the actual controller is the Henan Academy of Agricultural Sciences. The breeding and seed production activities are mainly located in Hainan, Gansu and Henan. In case of natural disasters, it will be greatly affected. It plans to raise 228 million yuan.
- Chenguang Medical: The main products are nuclear magnetic resonance related hardware equipment. In the first half of this year, the performance has turned from profit to loss. The prospectus discloses that the annual production capacity of superconducting magnets is 80 sets, but the environmental impact assessment documents show that it has already accepted an annual production of 120 sets in 2020. The authenticity of the superconducting magnet project is doubtful. It plans to raise 90 million yuan.
There was at least one IPO in Hong Kong this week.
- Sunshine Insurance: It will become the second privately-owned listed insurance company after Ping An Insurance in 2004. Against the background of the general slowdown in the growth of the insurance industry last year, Sunshine Insurance’s personal insurance and property insurance have bucked the trend, and the total premiums have also exceeded 1,000 for the first time. billion. However, the company has continued to have compliance issues, and has been fined more than 40 million yuan in the past four years. It is expected to raise HK$7.062 billion. (Qiu Hao)
OTHER NEWS
In the week of November 28, domestic airliners used an average of 1.8 hours per day.
According to Fei Changzhun data, the average value decreased by about 0.4 hours compared with the previous week. The average daily use of wide-body passenger aircraft was 0.84 hours, which was basically the same as the previous quarter; the average daily use of narrow-body passenger aircraft was 1.97 hours, a decrease of about 0.5 hours from the previous quarter. Usually, the Beijing-Shanghai route, the busiest in China, takes no more than 2 hours one way.
Last week, the volume of truck traffic and express delivery on national highways rebounded month-on-month.
According to data from the Ministry of Communications, from November 28 to December 4, there were 43.2 million trucks on highways across the country, compared to 38.52 million the previous week; the number of express delivery shipments this week was 1.968 billion, which also recovered from the previous month. From June to August this year, the previous indicator was no lower than 48 million units, and the latter indicator was no lower than 2.05 billion units.
Market sentiment warmed up, A and H shares rebounded, RMB appreciated.
On December 5, the A-share Shanghai Composite Index rose by 1.76%, and the year-on-year decline narrowed to 11.76%. The Hang Seng Technology Index of Hong Kong stocks closed up 9.27%, which is the fourth highest single-day increase since statistics are available (the remaining three times occurred this year). In November, Hang Seng Technology achieved the largest single-month increase of 33.15%. In terms of exchange rate, the renminbi rose above the important threshold of “7”.
Tesla’s Shanghai plant could cut production by 20% as early as this week.
According to media reports, due to the lower than expected sales in the Chinese market, Tesla is considering reducing the production capacity of the Shanghai factory by about 20%. In the third quarter, Tesla remodeled its Shanghai factory and increased its annual production capacity to about 1 million vehicles. In October, Tesla China delivered 17,200 vehicles, only about one-fifth of September. At the same time, data from the Passenger Federation showed that Tesla’s production capacity exceeded 100,000 vehicles in October.
OPEC has changed its mind and will not cut production for now.
On Sunday, the Organization of the Petroleum Exporting Countries (OPEC) decided not to implement a plan to cut crude oil production by 2 million barrels per day, which may help stabilize the relationship between crude oil supply and demand. With the Russian crude oil export price ceiling set by the EU and the G7 coming into effect (as soon as December 5, at $60/barrel), Europe may be more desperate for crude oil and its derivatives from other major oil producers. Taste.
The Saudi crown prince intends to participate in the restructuring of Credit Suisse’s investment banking business.
Credit Suisse, which is in a liquidity crisis, plans to spin off its investment banking business and name it CS First Boston. According to current market sources, Saudi Crown Prince Mohammad bin Salman is interested in the plan and may be willing to invest 500 million US dollars.
Caixin China Services PMI fell to 46.7% in November.
The reading fell 1.7 percentage points month-on-month, the lowest since June this year. Due to restrictions on travel in some areas, and the decline in business demand and tightening of employment, the employment index of the service industry fell to the lowest level since statistics began in 2005.
Hon Hai’s revenue in November fell by nearly 30% month-on-month.
Hon Hai Group, the parent company of Foxconn, recorded revenue of NT$551.1 billion (approximately RMB 125.6 billion) in November, a year-on-year decrease of 11% and a month-on-month decrease of 29%. The company explained that it entered the off-season of production and the epidemic affected some shipments. Tianfeng International analyst Ming-Chi Kuo previously said that due to the impact of the epidemic, the production capacity utilization rate of Foxconn’s Zhengzhou factory in November was only 20%.
Ting Hsin Group has completed the renewal of the contract with the parent company of Family Mart.
According to the industry media “Business Observer”, Ting Hsin Group has renewed a ten-year licensing contract with Japan’s FamilyMart Co., Ltd. (the Japanese parent company of Family Mart). Previously, the two parties were involved in a four-year contract renewal dispute due to issues such as brand licensing fees. During this period, Lawson completed the overtake of the number of stores in China for Family Mart, and “7-11” also expanded significantly.
Games such as “Glory of the King” and “Yuan Shen” will be suspended for one day on December 6.
A number of popular games including “Glory of the King”, “Onmyoji” and “Yuan Shen” announced that they will suspend their services for one day on December 6, involving major domestic game manufacturers such as Tencent, NetEase, and Mihayou.
Ruixing Coffee reopened to join.
On December 5, Ruixing Coffee announced the launch of a new round of partner recruitment. This round of recruitment mainly focuses on third- and fourth-tier cities, with Henan, Shandong, Shanxi and the three eastern provinces as the focus. To become a franchisee, a store of about 80 square meters needs to invest about 380,000 yuan in the early stage, including 180,000 yuan for decoration and about 200,000 yuan for production equipment. As of the end of the third quarter, Ruixing had 2,473 franchised stores, accounting for about 30% of the total number of stores.
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