Original link: https://www.latepost.com/news/dj_detail?id=1732
Tesla hits record quarterly deliveries, price cuts pay off
In the second quarter of this year, Tesla delivered a record 466,100 vehicles worldwide, exceeding the average forecast of 448,300 vehicles in analysts surveyed by Bloomberg. Stimulated by price cuts, inventory levels are gradually returning to normal, and the gap between production and deliveries further narrowed to 13,600 vehicles.
Musk has made it clear that he is willing to sacrifice some earnings for growth. In the first quarter of this year, Tesla’s gross profit margin fell sharply from 25.6% in the fourth quarter of last year to 19.3%, but it still surpassed most of its competitors. In addition to price cuts, the newly effective tax incentives for new energy vehicles in the United States have further pushed the starting price of the local Model 3 below US$33,000, which is comparable to B-class cars such as Toyota Camry and Honda Accord.
Price cuts also work well in the Chinese market. In December last year, Tesla’s sales in China fell sharply, but immediately after a wave of sharp price cuts, it ushered in three consecutive months of month-on-month growth. The Chinese people’s preference for SUVs also once helped Model Y become the world’s best-selling car in the first quarter.
At the same time as the production and sales data for the second quarter of this year was released, Tesla announced that it would cut the price of high-end models Model S and Model X by more than 35,000 yuan in China. Since September last year, this is the sixth direct or indirect time for Tesla in China. cut prices.
The problem is that there are not so many Chinese consumers who are willing to spend 700,000 to 800,000 yuan to buy a car. BYD’s dominance seems unshakable. In the second quarter alone, sales exceeded 700,000 units, almost double that of the same period last year, continuing to refresh the sales record set in the fourth quarter of last year.
There is no suspense in the global market outside of China and China’s first place, but it is hard to say from the second place.
Ideal has just delivered a monthly sales of over 30,000 vehicles. Xiaopeng, after recruiting former Great Wall Motor President Wang Fengying and completing organizational reforms, launched the new model G6 at the end of June with aggressive pricing and high hopes for “turnaround”. Weilai’s monthly sales have returned to the level of 10,000 vehicles.
This trend change was also engraved on the Weibo of the CEOs of the three companies.
In addition to Li Bin’s Weibo due to the lack of data due to personal settings, the number of blog posts by Li Xiang and He Xiaopeng has increased significantly last month. Li Xiang, in particular, created and reposted 67 Weibo posts in June, more than his postings from January to April combined. He Xiaopeng didn’t post a single one in February. In March, April, and May, he mainly focused on marketing. However, in June, when the momentum began to improve, there were 14 Weibo posts related to the first launch of G6.
Among the traditional fuel vehicle manufacturers, Toyota, Volkswagen, and Audi have successively replaced their leaders and announced their determination to transform into electric vehicles. BMW, Mercedes-Benz, etc. are also stepping up the launch of more electric models; in the Chinese market, although ideal is the most topical topic, and sales in June exceeded 30,000 as expected, GAC-incubated Aion has also delivered more than 100,000 vehicles for four consecutive months. 40,000 vehicles, Geely, Changan, Great Wall and other domestic brands have not been significantly pulled away. (Qiu Hao)
The price of thousand yuan liquor has accelerated “upside down”
According to a number of media, during the “618” period, the prices of various large single products of thousand yuan liquor were greatly reduced. Taking Badai Wuliangye as an example, the guide price is 1,499 yuan, which is only 1,008 yuan after using coupons on Tmall, which is only 39 yuan higher than the ex-factory price sold by the winery to distributors.
On the channel side, the Red Star Capital Bureau investigated the dealer prices of 16 wine companies’ main products, and except for Moutai, all of them were lower than the ex-factory prices. Among the thousand-yuan liquors, the dealer prices of Jiugui Liquor Neisan and Langjiu Qinghualang were respectively 300 yuan and 239 yuan lower than the ex-factory prices, and the eight-generation Wuliangye was the least inverted, with a difference of only 49 yuan.
Liquor companies mainly sell liquor to consumers through distributors at all levels, and the process involves multiple price concepts. Among them, “ex-factory price” refers to the price set by wine companies to distributors, and “guidance price” is the suggested retail price for consumers. However, wine companies will also use various subsidies to reduce the actual “wholesale price” of distributors. Except for Maotai, the actual retail price of most liquor brands is cheaper than the guide price.
Since the end of last year, the inversion of wholesale prices, actual selling prices and official pricing has generally expanded.
According to Wind data, the wholesale price of Baijiu with a price of 1,000 yuan, such as Eight Generation Wuliangye and Guojiao 1573, dropped to a low point at the end of last year and the beginning of this year, and has now rebounded slightly; Yanghe’s Dream Blue M9, Fenjiu Blue and White 30, etc. are all the way down. Explore. On the retail side, last year’s Double 11, JD.com’s self-operated Guojiao 1573 sold at a price even lower than the ex-factory price. Luzhou Laojiao publicly accused it of disrupting market order and suspended related cooperation.
High channel inventory is considered to be the main reason for the accelerated price inversion. In the past three years, consumption scenarios such as parties, banquets, and business receptions have been greatly reduced, but most wine companies still achieve year-on-year growth in sales and revenue. Many people in the industry believe that wine companies have placed a large amount of goods on the channel, creating false prosperity in the report.
In addition, the level of inventory is also a relative concept. If the demand is strong and the price goes up, dealers are willing to stock up on more wine, and the inventory can be gradually digested. However, since the beginning of this year, the recovery of liquor consumption has not been as expected, especially the slow recovery of scenarios such as business banquets that thousand yuan liquor relies on.
According to the China Alcohol Industry Association, 14% of liquor practitioners believe that the liquor market has picked up in the first half of the year, and nearly half of them believe that the increase in scenes such as dinner parties and family visits is the main reason. According to China Merchants Securities, the number of wedding banquets in many places this year has increased significantly year-on-year, but the overall mass consumption and business banquets have not fully recovered.
Weakening expectations further prompted dealers to destock. The report of the China Alcohol Industry Association pointed out that after the Spring Festival this year, dealers were eager to cash out, causing serious price inversion of some brands; more than half of the dealers believed that from January to May this year, the problem of liquor price inversion was the most serious, which was greater than the pressure on inventory and cash flow .
On June 29, Luzhou Laojiao said at the shareholder meeting that thanks to the release of consumer demand accumulated in the past three years, the pressure on outstanding wine companies in the first half of this year is not great, but there will be difficulties in the second half of the year. In the medium and long term, the biggest problem lies in worries about future uncertainty. (Lin Guangying)
Musk’s suicide innovation
Almost all social platforms are thinking about how to retain more time and attention of users, but Musk announced a new Twitter policy last weekend, limiting the number of tweets that most users can view per day.
The specific requirements are: verified accounts can view 6,000 tweets per day, unauthenticated accounts can view 600 tweets per day, and newly registered and unauthenticated accounts can only view 300 tweets per day.
As soon as the news was released, a large number of users were dissatisfied. Tags such as #Goodbye Twitter and #RipTwitter quickly appeared on the hot searches. 10000, 5000 and 500 tweets.
Musk himself said that the main reason for restricting traffic is to solve a large amount of data capture. He also advised everyone to stay away from mobile phones and spend more time with family and friends. In April of this year, Reddit CEO Hoffman said something similar, dissatisfied with artificial intelligence companies’ crawling of platform content, “Reddit’s database is really valuable, but we don’t need to give all of them for free to some people. largest company in the world”.
There are also rumors that the move is due to Twitter suspending payment for the Google cloud computing server it rents, so it restricts user access and reduces traffic expenses. But the media said Twitter had resumed paying Google two weeks ago.
Immediately after buying Twitter outright last November, Musk laid off most executives and board members, and quickly moved to lay off about half of the company’s 7,500 employees.
He also launched a Blue V certification service with a subscription fee of US$8 per month, and plans to increase Twitter’s annual revenue to US$26.4 billion by 2028 (US$5 billion in 2021), and hopes to increase the proportion of advertising revenue from the previous 90%. down to 45%. A group of advertisers left Twitter “as he wished.”
Oh, and who remembers that Musk named NBC Universal’s advertising chief Linda Yaccarino (Linda Yaccarino) as Twitter’s new CEO in early May? (Qiu Hao)
Know it later丨Cross-border e-commerce LDK started to apply for purchase, and has incubated 63 brands with revenue over 10 million
Four companies subscribed for A shares today:
- LDK Times: A cross-border e-commerce company, issued a total of 40.1 million shares at a purchase price of 20.45 yuan, with a price-earnings ratio of 47.4 times. LDK mainly sells clothing accessories, sports and entertainment, department stores and home furnishing products through third-party e-commerce platforms such as Amazon and self-operated websites for vertical categories, and has incubated 63 self-owned brands with revenues exceeding 10 million. LDK’s revenue mainly comes from the US market, and Amazon’s sales accounted for nearly 90% of the company’s main business revenue last year. In the past three years, the company’s revenue first rose and then fell. However, due to factors such as rising international logistics prices, falling overseas online consumption peaks, and foreign exchange rate fluctuations, net profit has dropped by nearly 60%.
- Xinyin Electronics: a connector manufacturer, issued a total of 43 million shares at a purchase price of 21 yuan, with a price-earnings ratio of about 37 times. The connectors of Xinyin Electronics are mainly used in notebook computers, consumer electronics products and automobiles. Among them, the notebook computer connector business has created more than half of the revenue, and its customers include HP, Lenovo, ASUS and other brands. In the past three years, the company’s revenue first rose and then fell, and its net profit continued to decline.
- Haofan Bio: a manufacturer of peptide synthesis reagents, issued a total of 27 million shares at a purchase price of 67.68 yuan, with a price-earnings ratio of about 57.4 times. Haofan Bio mainly provides products for global pharmaceutical R&D and production companies. The quality control system and production process have passed the audits of Eli Lilly, Lonza, Novo Nordisk, Pfizer and other pharmaceutical companies. Due to the continuous growth of the global peptide synthesis reagent market, Haofan Bio will increase its revenue by about 58.5% from 2020 to 2022, and its net profit will increase by about 220%.
- Haosheng Electronics: a manufacturer of electroacoustic devices, issued a total of 24.5 million shares at a purchase price of 8.8 yuan, with a price-earnings ratio of 14.99 times. The main products include micro-speakers, micro-receivers, etc., which are used in consumer electronics products such as mobile phones, tablets, and notebook computers. The main customers are OEMs such as Huaqin Technology and Longcheer Technology, and brands such as OPPO and vivo. Affected by the decline in demand for consumer electronics products such as mobile phones, Haosheng Electronics’ revenue will rise first and then decline from 2020 to 2022. In the case of cost reduction and efficiency increase last year, accounts receivable and financial expenses decreased, net profit increased by about 73%. %.
2 companies listed:
- Renxin New Materials: Manufacturer of new polystyrene polymer materials. Renxin New Materials was established in 2011. The main products are general-purpose polystyrene and high-impact polystyrene products. Polystyrene is a kind of plastic that can be used in the manufacture of electrical appliances, daily necessities, lighting and other products. Renxin New Material’s customers include TCL, Konka, Midea and Opple Lighting. In the past three years, its revenue has increased from 1.11 billion yuan to 2.44 billion yuan. However, due to the impact of rising raw material costs, its net profit has continued to decline for three years. It closed down 8.21% today.
- Rising Shares: Manufacturer of gas pressure regulating equipment. Rising Co., Ltd. was established in 2001. Its main products include gas pressure regulators, pressure regulating devices and pressure vessels. Its main customers are large gas groups such as China Resources Gas and China Gas. In the past three years, due to the continuous rise in the cost of raw materials such as steel and the decline in the profits of downstream gas companies, the company’s revenue and net profit have continued to decline. It closed down 1.97% today. (Intern Chang Junfei)
OTHER NEWS
US Treasury Secretary Yellen will visit China.
According to Xinhuanet, the Information Office of the Chinese Ministry of Finance stated on July 3 that, as agreed by China and the United States, US Treasury Secretary Janet Yellen will visit China from July 6 to 9.
China imposes export controls on gallium and germanium related substances.
On July 3, China’s Ministry of Commerce and the General Administration of Customs jointly issued an announcement stating that, in accordance with relevant laws and regulations, in order to safeguard national security and interests, with the approval of the State Council, it has been decided to implement export controls on gallium and germanium-related substances, and they cannot be exported without permission. , which will come into force on August 1st. China is one of the countries with the largest reserves and output of metal gallium and metal germanium in the world, both of which are important compound semiconductor materials.
Financial institutions shall not access external networks in networks involving commercial secret information.
The Beijing National Financial Technology Certification Center issued standards to regulate the protection and management of commercial secrets of financial institutions, requiring institutions to divide network areas, and prohibiting direct access to external networks, using wireless networks and wireless hotspots in network areas involving commercial secret information. Beijing National Financial Technology Certification Center is wholly-owned by China Financial Electronics Corporation, a subsidiary of the central bank. Its main task is to improve the industry standards and security of financial technology innovation. In addition to publishing standards, it also launched financial industry trade secret protection assessment services .
Byte wants to build robots, and the team plans to expand to 100 people.
“LatePost” exclusively learned that ByteDance’s robot team has about 50 people, and plans to expand to hundreds of people by the end of the year, and produce some robots that can sort and pack goods in ByteDance’s self-operated warehouse. ByteDance’s robot project originated in 2020. The team belongs to the Research group of ByteDance AI Lab and is valued by Zhang Yiming, the founder of ByteDance. The project hopes to produce some robots to help the platform deliver goods to consumers, and Explore the application of AI large model capabilities to robots. At present, Byte has not yet framed the specific form of robots, nor has it determined the specific number of robots to be manufactured this year.
Post Office Coffee, a chain coffee brand under China Post, has launched franchise investment promotion.
China Post Coffee Theme Post Office (referred to as “Post Office Coffee”) began to join investment promotion on June 30. China Post said last year that the brand will be built as its own chain brand, but it will be established in 2021 and has no equity relationship with China Post. The Zhongyu Caye is responsible for this franchise investment promotion. According to the official website of Post Office Coffee, Zhongyu Coffee has cooperated with post offices around the world to open more than 15 stores in Xiamen, Nanjing, Beijing and other places. According to the Daily Economic News report, Dong Kexin, co-founder of Post Office Coffee, said that Zhongyu Cafe and China Post have reached a long-term strategic cooperative relationship, not an affiliation relationship.
People’s University graduates suspected of illegally obtaining student information were criminally detained.
According to Ping An Beijing Haidian, the Haidian police have criminally detained Ma Moumou, a suspect suspected of illegally obtaining the personal information of some students of Renmin University of China, on July 3. Ma Moumou, a graduate of the National People’s Congress, developed a “appearance scoring platform” called “RUC IR FACE”. The police launched an investigation. At present, the content related to Ma XX has been deleted.
China Aoyuan, a real estate company that has been suspended for 15 months, disclosed its performance – last year and the year before.
China Aoyuan disclosed its 2021 full-year results, last year’s interim results and full-year results on July 3. It is expected to resume trading after the suspension in April last year. In the past two years, Aoyuan’s turnover and sales costs have fallen sharply, and its gross profit has turned from negative to positive last year. The company’s net profit loss attributable to the parent in 2021 was 33.07 billion yuan, and last year’s loss narrowed to 7.84 billion yuan. At present, Aoyuan has formulated a plan with major creditors to restructure part of its overseas debts, and continues to sell assets to recover funds, preparing to resume trading on the Hong Kong Stock Exchange.
Rents in first-tier cities fell month-on-month in June.
According to Zhuge Data Research Center, the average rent in first-tier cities in June this year was 88.15 yuan/square meter/month, down 0.29% from the previous month. In Shanghai and Guangzhou, where the biggest declines were, rents fell by 1.81% and 1.12% month-on-month, respectively. Over the same period in the past four years, rents in first-tier cities have only slightly decreased by 0.04% month-on-month in 2020.
In June, rents in second-tier cities continued to rise month-on-month, especially in hot cities in the Yangtze River Delta region such as Suzhou, Hangzhou, and Wuxi, where rents rose by 1.52%, 1.21% and 1% month-on-month, respectively.
Restrictions on provident fund loans were lowered in many places.
Recently, the provident fund policy has been adjusted in many places. The down payment ratio of the first and second housing provident fund loans has been reduced, and the loan amount of the provident fund has been increased.
- Guangzhou: For families with two or more children (at least one child is underage) who use housing provident fund loans to purchase their first set of self-occupied housing, the maximum amount of provident fund loans will increase by 30%;
- Shanghai: Implement the housing provident fund support policy for families with many children, and the maximum loan limit for eligible families will be increased by 20%;
- Inner Mongolia: The maximum amount of housing provident fund loans has been increased from 800,000 yuan to 1 million yuan, and eligible multi-children families can increase by 10%.
- Zhenjiang, Jiangsu: The maximum personal loan amount for provident fund contributions has been adjusted from 300,000 yuan to 500,000 yuan; the maximum loan amount for employee families has been adjusted from 500,000 yuan to 800,000 yuan; The maximum loan amount for households above and above was raised by 200,000 yuan; at the same time, the down payment ratio for first-time use of provident fund loans was reduced to 20%.
Apple may significantly lower its Vision Pro production forecast.
According to media reports, people close to Apple and Luxshare Precision (the assembly OEM of Vision Pro) said that the company plans to produce less than 400,000 Vision Pro units in 2024, while the other two suppliers said that Apple only requires them to be in the first year. 130,000 to 150,000 Vision Pro units will be produced. These figures are far from Apple’s original annual sales target of 1 million units, and the main capacity bottleneck lies in the micro-OLED display inner screen.
AirPods may be able to measure ear temperature in the future.
Tech reporter Mark Gurman said Apple is planning to launch cheaper AirPods and add more health features to the wireless earbuds, including a USB-C port. Apple may reduce the price of AirPods 2 to $99, and add two health functions of hearing detection and temperature detection to the new AirPods, as well as a USB-C interface that complies with EU regulations. Last year, the European Council passed a resolution that electronic devices such as mobile phones, tablets and headphones must use USB-C ports by the end of 2024.
Housing prices in Singapore have fallen for the first time in the past three years, but they are still 20% more expensive than before the epidemic.
In the second quarter of this year, housing prices in Singapore fell slightly by 0.4% from the previous quarter, the first decline since the first quarter of 2020. The cumulative increase in the past three years is still over 20%. The drop in prices was largely due to government restrictions. In April, Singapore doubled the stamp duty on foreign home purchases to 60 percent and increased taxes on second homes. In the second quarter of this year, a total of 4,762 residential units were traded in Singapore, a year-on-year decrease of 30%.
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