标签归档 苏州水磨会所

foreword

On August 10th, Country Garden suddenly issued a profit warning, predicting a net loss of 45 billion to 55 billion yuan in the first half of the year. This is mainly due to the decline in sales in the real estate industry, the decline in business gross profit margin, and exchange losses.

In the past years, Country Garden’s net profit has remained at the scale of 10 billion yuan, and this large loss is unprecedented. Country Garden executives apologized for this and promised to turn the crisis into an opportunity. But for many investors, these apologies can’t dispel their doubts. Overinvestment in third-and fourth-tier cities and large-scale layout failure seem to be the root cause of Country Garden’s predicament.

Country Garden’s net loss in the first half of 2022 may reach 55 billion.

The real estate market continues to be sluggish, and the industry’s leading enterprises are also doomed. Recently, Country Garden, one of the top 100 A-share real estate enterprises, announced that the net loss in the first half of 2022 is expected to be as high as 55 billion yuan, which is about 57 billion yuan more than the same period last year. Under the background that the whole industry is in trouble, even the strong can’t be immune.

Country Garden’s main business covers many cities across the country, covering residential, office and other sectors. Over the years, its sales scale ranks among the best in the industry. However, under the double pressure of repeated epidemics and tightening macro policies, Country Garden can’t escape the bad luck of sales decline generally faced by housing enterprises.

According to public data, from January to July 2022, Country Garden achieved sales of about 140.8 billion yuan, down 35% year-on-year, and nearly 60% lower than that in 2021. In July alone, sales plummeted by 78% year-on-year, and fell for the fourth consecutive month. The sharp contraction of sales directly leads to the loss of performance, and the decline of gross profit margin is also an important factor.

In addition to sales, the exchange loss caused by the fluctuation of RMB exchange rate and the increase of the impairment loss of the stock property value have also increased the loss pressure of Country Garden to some extent. More seriously, in the downturn of the industry, it is difficult for leading enterprises such as Country Garden to solve the liquidity pressure through financing.

Despite the difficulties, Country Garden is still actively fulfilling its corporate responsibilities. As a big industry, it holds more than 1 million properties to be delivered. It is reported that in 2022, Country Garden completed the delivery of 700,000 sets, ranking first in the industry. Country Garden is also brave in protecting the interests of owners.

The epidemic has repeatedly cast a shadow over the recovery of housing enterprises, and the tightening of macro policies has made it even worse. Under the superposition of these two unfavorable factors, even the top leading enterprises in the industry can’t escape the bad luck of a sharp decline in sales. The data shows that in the first half of 2022, Country Garden’s sales plummeted by nearly 30% year-on-year, and it shrank by more than 50% compared with 2021. This directly dragged down the overall performance of Country Garden.

In addition to the sharp contraction of sales, the fluctuation of RMB exchange rate has also brought some exchange losses to Country Garden. In addition, in the environment of the industry’s continuous downturn, Country Garden’s stock property will inevitably face certain pressure of value impairment, which will also have a negative impact on profit and loss. It can be said that the chronic diseases that plague the whole industry also afflict this A-share top 100 housing enterprises to varying degrees.

Super-large-scale Layout —— An Interpretation of Country Garden’s Loss

In the long run, the real estate industry is a cyclical industry. During the boom period, enterprises can easily fall into the strange circle of over-expansion. Once the industry falls into the cold winter, the tests faced by enterprises are far beyond the norm. Country Garden’s expected heavy losses are precisely the dilemma that an industry giant has encountered under the dual pressure of expansion and financing.

If blind optimism during the period of rapid growth is one of the reasons leading to today’s dilemma, then rashly promising high return on investment has also laid a hidden danger for enterprises. Over the years, Country Garden has used its dominant position to promise generous returns in exchange for financial support. However, at the moment when the growth rate of the industry is slowing down, these commitments become difficult to achieve, which has an impact on the cash flow and credit of enterprises.

At this point, the profound reflection of Country Garden management is particularly valuable. They admit that they don’t know enough about cyclical changes, and the third-and fourth-tier cities are over-expanding and withdrawing in time. The whole industry has also fallen into an unprecedented dilemma-the tightening of land supply has led to soaring prices, support policies have stimulated overheating of the market, and vicious competition among developers has formed a vicious circle.

At present, China’s economy is facing a new round of reform. In this context, the real estate industry needs profound reflection and adjustment, and developers need to examine their own models. In the short term, self-help should be taken by improving efficiency and adjusting structure. In the long run, it is necessary to treat cyclical characteristics rationally and avoid excessive optimism. When the policy and market environment change, it is the way for housing enterprises to maintain long-term stability to remain cautious and resilient.

However, behind the financial report, we should also pay attention to the internal governance and risk management of enterprises. Over the years, Country Garden’s senior management has a low shareholding ratio, and the incentive and restraint mechanism is flawed. At the same time, enterprises rely too much on debt financing and fail to supervise project selection and cost control, which makes it difficult for a large number of projects in third-and fourth-tier cities to recover their costs. The deep-seated reasons of these problems are related to the imperfect checks and balances mechanism of corporate governance.

At the moment when the downward pressure on the real economy is increasing, not only Country Garden, but also many highly leveraged enterprises are facing the test of credit risk. From this point of view, behind the dilemma is the problem of excessive debt leverage and insufficient risk supervision in the whole society. In the future, not only enterprises themselves need to reflect and adjust, but also it is urgent to guard against systemic risks at the macro level.

The dilemma of Country Garden is not only a case of an enterprise, but also reflects the characteristics of an era. In the face of changes, developers and the whole society should remain sober, prudent and resilient. Only by deep reflection can we create a way out.

The transformation of the real estate industry continues. In the short term, the market environment may still be difficult to completely reverse. But in the long run, the growth of human settlement demand is an inevitable trend. Grasping the new direction and conforming to the new trend, housing enterprises still have broad development space. Only by continuous innovation and Excellence can we create a new situation in the changing situation.

tag

According to relevant reports, Country Garden has recently faced some short-term liquidity problems, including the pressure of repaying debts and paying coupons. However, in the long run, the real estate market in China is facing deflation, and the operating environment of housing enterprises is becoming increasingly severe. Whether Country Garden can successfully resolve the current predicament remains to be seen.

Country Garden has a heavy position in low-tier cities, which has a great impact on its performance in the cold winter of the industry. It actively disposes of its assets to pay its debts, showing its sense of survival. At present, there are still many questions about whether Country Garden can successfully control all kinds of uncertainties and achieve a smooth transition.

Do you think Country Garden can come back to life? Welcome to leave a message in the comments section.

In the increasingly fierce competition in the compact car market, every model is seeking a breakthrough to attract more consumers’ attention. The cutting edge introduced by SAIC Volkswagen, with its car color product strength, has successfully stood out among many models and become the focus of consumers’ attention. So, what is the charm of this new car and can attract so much attention? Next, let’s find out.

Appearance, LaVida’s new front face adopts semi-closed design, and chrome-plated decorative strips are skillfully integrated with the lamp group, showing a simple but stylish atmosphere. The side lines of the car body are smooth, and the slip-back design is matched with 15/16-inch wheels, which shows the movement and vitality. In the rear part, the duckling tail design and the integrated taillight group complement each other, showing personality and taste.

Based on the MQB platform, LaVida Xinrui also performs quite well in space utilization, and passengers can enjoy spacious seating space in both front and rear rows. The large trunk volume of 498L can easily meet the various loading needs of daily trips and weekend outings, so that young consumers can enjoy their lives while taking into account the practicality of their work.

With only 69,800 yuan, you can have a "new quality national sedan" with super high value, super high quality and super cost performance in one step. For young consumers who are looking for a family car with high cost performance and reliable quality, LaVida is undoubtedly a rare choice.

How much can a badminton match burn? Not long ago, the Sudirman Cup gave the answer.

China Badminton Team defeated Japan 3-2 in the semi-final in the Sudirman Cup World Badminton Mixed Team Championship in 2023 (hereinafter referred to as "Su Cup"), and then defeated South Korea 3-0 in the final to achieve the "three consecutive championships" of Su Cup.

The China badminton team fought for seven hours in the game of reversing the Japanese victory, and finally achieved a comeback, which is legendary. Relevant insiders told China Newsweek that this was a "great reversal" example that could be recorded in the history of China badminton team.

Chen Qingchen and Jia Yifan, who witnessed this reversal and finally won the championship together with the China Badminton Team, have returned to Chengdu Shuangliu Table Tennis and Badminton Base and started preparing for the Hangzhou Asian Games.

After training, they recalled the trip to China Newsweek.

Chen Qingchen/Jia Yifan helped Guoyu advance to the final of the Soviet Cup. Photo/Zhongxin Photo by Xinhua News Agency reporter Li Bo

Try again 100 times, and you may not win.

May 20th is the semi-final day of the Soviet Cup, and the China badminton team will face the old rival Japanese team.

In the first match of that day, the China Badminton Team did not send Zheng Siwei/Huang Yaqiong, who ranked first in the world, but Feng Yanzhe/Huang Dongping, who ranked seventh in the world. Because "IELTS Team" used too much physical energy to beat Indonesian team hard before, but Feng Yanzhe/Huang Dongping met Japanese team Yamashita Gongping/Shinohara Cailiu twice, and both won.

Contrary to expectations, Feng Yanzhe/Huang Dongping failed to beat their opponents as expected to continue their record of total victory, and the total score of China badminton team fell behind 0-1.

In the subsequent men’s singles competition, Shi Yuqi, ranked tenth in the world, played against Nara Okada, ranked third in the world. Shi Yuqi reversed the victory and tied the total score of both sides to 1-1.

In the women’s singles competition, Chen Yufei, the world’s fourth Tokyo Olympic champion, lost to Akane Yamaguchi, the world’s number one, and China’s total score was 1-2 behind Japan.

In the next men’s doubles competition, Liu Yuchen and Ou Xuanyi, the men’s doubles team, were once pushed to the edge of the cliff. They fell behind at 16:20 in the deciding game, and if they lost another point, they would lose the men’s doubles point, while the Chinese national badminton team would also stop the semi-final with a big score of 1-3 and miss the Su Cup championship.

Many spectators at the scene began to leave, thinking that the fate of China’s semi-final exit could not be rewritten. Many viewers in front of the TV also turned off the TV.

The commentator said at that time: "China is facing four match points when the whole team is out! Will miracles happen? We are waiting for a miracle. "

The combination of Liu Yuchen and Ou Xuanyi was reversed. Photo/Zhongxin Photo by Xinhua News Agency reporter Li Bo

Chen Qingchen and Jia Yifan clearly remember that Liu Yuchen/Ou Yiyi said to himself before playing: "We will win this point and then let you play."

But when they saw their opponents holding four match points, Chen Qingchen and Jia Yifan began to feel complicated and tangled.

"We are very unwilling. We really hope that our teammates can create miracles, but according to the normal situation, we have a hunch that it is difficult to catch up." Chen Qingchen said that he and Jia Yifan were really ready to take the racket back into the bag.

But then, the miracle that Honggang expected really appeared.

The Japanese team only needed one more point to advance, and returned the ball out of bounds three times in a row, so that the Liu Yuchen/Ou Weiyi team scored three points in a row. With the score approaching, Liu Yuchen/Ou Weiyi also completely let go of their hands and feet. They fought more and more bravely and scored 3 points, completing a magical reversal on 22-20.

Chen Qingchen and Jia Yifan really came out, and helped the China badminton team finally win.

In the semi-final, the China badminton team played for nearly seven hours before defeating the Japanese team, and in the final, it took three and a half hours to win the championship from the Korean team.

"After the game, everyone resumed and thought that if we played the game against Japan 100 times again, we might not win, but now we won!" Jia Yifan told China Newsweek that in his national team career, there have been many thrilling games in the past, but there has never been a game like this one in which teammates "pulled back" the fate of the team when they were so far behind.

"In fact, we are also very sober. This Su Cup is the first stop of the Paris Olympic Games. It is very exciting to win the championship, but we still have to start from scratch. We also hope that all our teammates can realize their highest dreams in the Paris Olympic Games." This is Chen Qingchen/Jia Yifan’s voice.

Su cup can’t be lost.

In Chen Qingchen’s view, the reason why the China badminton team can withstand such pressure is to start from the preparation before the Su Cup.

This year, the Su Cup was held in Suzhou, China, which was the first badminton world competition held in China in three years after the international sports events returned to normal order. Zhang Jun, chairman of China Badminton Association, gave the whole team a "vaccination" at the preparatory meeting of the Su Cup: "The pressure of this competition will definitely be great, and all players and coaches should try their best to eliminate interference and concentrate on the field."

Chen Qingchen recalled: "At the end of April, we also participated in the Asian Championships in Dubai, United Arab Emirates. From the end of the Asian Championship to the opening of the Su Cup, it is less than two weeks, about 10 days of preparation. Under normal circumstances, players should adjust for a few days after the end of the last race, but in order to prepare for the Su Cup, almost everyone did not adjust, so they directly went into the Su Cup to prepare for the war. "

Jia Yifan thinks that the Soviet Cup is different from the Tokyo Olympic Games. "In the Tokyo Olympic Games, Chen Qingchen and I didn’t win the gold medal in the women’s doubles, but in our opinion, it is also a good result to try our best to win the silver medal. We didn’t lose anything. The Su Cup is different. The China Badminton Team has been the champion for a long time, and we were once a member of the previous Su Cup champion team. If we lose, the final feeling is that we once had it, but this time we lost it in our hands. "

In May 1987, the Board of Directors of the International Badminton Federation was held in Beijing, at which it was decided to set up the World Badminton Mixed Team Championship from 1989. In memory of Dick Su Diman, the founder of Indonesian Badminton Association and former vice president of International Badminton Federation, and to thank him for his contribution to the world badminton, the champion cup of this competition was named "Sudirman Cup".

Since the 4th Sudirman Cup in Lausanne, Switzerland in 1995, China has shown a strong dominance in the Su Cup. Counting this championship, China won 13 championships, including one for four consecutive championships, one for six consecutive championships and one for three consecutive championships.

In the memory of Chen Qingchen and Jia Yifan, I lost the Su Cup on the Australian Gold Coast in 2017 and failed to achieve seven consecutive championships, which is always my own heart.

Chen Qingchen/Jia Yifan fought in the Su Cup. Photo/Zhongxin Photo by Xinhua News Agency reporter Li Bo

In Chen Qingchen’s view, the Su Cup can be reversed and finally won, which is the result of the failure and the experience and promotion of all the national badminton players over the years. "Numerous large and small events in the middle have enabled this team to accumulate more experience, which has also improved everyone’s experience and pressure."

After the match against the Japanese team, Jia Yifan watched the video of the men’s doubles chasing points at the last minute. "I see the slow motion captured by the camera, and I feel that there is a blaze in the eyes of Liu Yuchen and Ou Xuanyi, which is a state of selflessness. In that state, both of them will no longer pay attention to the score, nor will they think about the consequences if the China badminton team loses at home and loses the championship. At that moment, they certainly don’t have any other thoughts. Therefore, we must also do it without distractions to win. "

In addition, the relationship of unity, trust and mutual tolerance among teammates of the national team is also the "password" for the national team to achieve a great reversal.

"Every round of the Sudirman Cup team competition is a three-win system of five games. Regardless of the semi-finals and finals, the opponents are also very high-ranking and very powerful opponents, which means that there may indeed be losses and wins during the competition. After all, no one dares to clap his chest and say that the China team can beat their opponents 3-0 every game, so there will be a fault tolerance rate in such a game. " Chen Qingchen told China Newsweek.

"Like Yu Fei and Dong Ping, although we didn’t get points in the semi-final, the feelings between us are very good, and it is impossible to complain about the teammates who lost points. On the contrary, we will try our best to forget the previous results, try our best to make up for our teammates and regain the advantage for the team. This time, some of them lost points, and we came to the top. Then next time, it may be that we lost points and they came to the top. "

She laughed when my hands and feet were cold.

According to official public data, the box office of this Su Cup is about 30 million yuan, and Guoyu fans have a huge momentum. Jia Yifan revealed: "We started from the hotel to participate in the competition, or returned to the hotel after the competition, and fans always called our names at the door of the hotel. Many fans and friends gave me private messages and rushed to grab tickets, saying that they would spend huge sums of money to watch our game … "

The cheering of fans, the concern of family members and the expectation of the media have invisibly put more pressure on the athletes. The nature of the Sudirman Cup team competition also makes it easy for every athlete to bear the burden of "wanting to win and being afraid of losing", fearing that his poor performance will drag down the team and be accused of "pulling his legs" by the outside world.

Chen Qingchen and Jia Yifan both said that they were under great pressure before the game.

"From the first day I came to Suzhou, I was in a tight state until Chen Yufei won the championship with the last ball landing team in the final, and I felt relieved from the pressure." Chen Qingchen recalled.

In Jia Yifan’s eyes, partner Chen Qingchen is a person with a strong sense of national honor and collective honor. She revealed that during the more than 10 days of preparation for the Sudirman Cup, Chen Qingchen was really pressured by "only winning but not losing" and had too many tears.

"She is not satisfied with the quality of training, crying; Poor sleep quality, crying; Thinking that the game is 2-2 may not be able to stand the pressure, or cry. " In the face of Jia Yifan, whose partner is under pressure and is the team’s happy fruit, there is no good way.

"The women’s doubles match was scheduled for the last game. Our performance may determine whether the team can move on and decide the ownership of the champion. If we don’t perform well, no one can remedy it later, so we are really afraid of dragging our feet on this group. " Chen Qingchen said. "I always put pressure on myself like this, and the effect may not be good, but as Jia Yifan said, I made the difficulty to the extreme before the game, and I didn’t think it was difficult when I encountered difficulties again in the real game."

Compared with Chen Qingchen, Jia Yifan chose another way to go out for a walk. "I wanted to find a bookstore to visit, but I ended up in a lottery shop. 30 yuan had a scratch, and I scraped out 300 yuan." Jia Yifan was in a good mood in an instant, and his training state increased greatly.

Chen Qingchen also felt "beaming" emotionally. She also listened to Jia Yifan’s suggestion, went to the bookstore to buy a book and went back to the dormitory to read it. Her mood was much calmer and she completed the final stage of high-quality preparation.

Chen Qingchen and Jia Yifan often observe teammates such as Chen Yufei and Shi Yuqi. Before the big game, teammates were struggling together.

Jia Yifan observed very carefully. "You see Chen Yufei, even if she won the Olympic champion, she is also in a state of pressure to prepare for the competition. She is also a person who encounters adversity, doubt and pressure, and her emotions will be written on her face, but she is always full of fighting spirit to meet the next challenge and eager to prove herself. The same is true for Shi Yuqi. When preparing for the Su Cup, I watched him turn back and sprint with the young players to practice his physical fitness. Young athletes are very aggressive, but Shi Yuqi will always benchmark a performance goal and practice until he wins. "

Chen Yufei and Shi Yuqi fought in the Su Cup. Photo/Zhongxin Photo by Xinhua News Agency reporter Li Bo

"In fact, my teammates and I may encounter some emotional ups and downs. At first, as teammates, they may not ask directly, but everyone has a high emotional intelligence, and they will find an opportunity to give some comfort and encouragement with some’ tips’ to help each other decompress. In fact, there are many such small things in the team. Often these encouragements are all about seeing the truth in the details, which is very warm. " Chen Qingchen said.

Jia Yifan told China Newsweek: "We are finally going to play the Japanese game. The experienced physical fitness coach urgently asked us to warm up by turning back. All the teammates came to high-five us one by one, and I was nervous at that time. "

"Just when my hands and feet were cold, I saw Chen Qingchen laughing and laughing. She said let me try it, so that I could relax." Jia Yifan said.

Author: Ye Everest

On September 17th, some netizens ran into Liu Yifei filming in the hospital on the public platform, which triggered a heated discussion.

The netizen wrote in the photo: "The goddess is beautiful. The yellow skirt is really beautiful, white and thin. It is very eye-popping in the crowd."

In the exposed photos, Liu Yifei’s head is long and white, and she caresses the little girl’s hair from time to time, which is very gentle.

Another netizen also took photos at the scene and praised Liu Yifei: "This woman should only be in the sky, and the world can get a few times."

Previously reported > >

"Fairy Sister" Liu Yifei is 36 years old! Tang Yan sent birthday wishes for 9 years in a row, and Kara Wai took a photo of his face. 1314: Happy birthday, Princess Sisi, love you forever.

On August 25th, Liu Yifei, the fairy elder sister, celebrated her 36th birthday, and Tang Yan, Kara Wai, took photos and sent birthday wishes.

At noon that day, Tang Yan took a beautiful photo of Liu Yifei and sent her birthday wishes: "Happy birthday, dear Princess Sissi, may everything you hope for be safe and everything you wish for come true! Everything is beautiful around you! "

It is reported that this is the ninth consecutive year that Tang Yan sent birthday wishes to Liu Yifei.

Later, Kara Wai, who collaborated with Liu Yifei on Ghost Story, took a photo and sent a blessing: "Happy birthday, I love you forever!" She also deliberately stuck 1314, very attentively.

In the photo, Liu Yifei and Kara Wai took a selfie with their shoulders pressed against their faces, and they were in excellent condition.

According to public information, Liu Yifei was born on August 25th, 1987, and she was titled "Sister of the Immortal" when she debuted. She once starred in the Golden Powder Family, Legend of the Sword and the Chivalrous Man, The Condor Heroes, Eight Dragons, Bronze Sparrow, Mulan, Dream of China and other works.