Chinese Entrepreneurs

“The heart has finally been determined.”

When the Vama vehicle and Apollo were informed of the strategy and the news was obtained, the veterans of the Vama car were rated (known). On 12 January, an official source of information was issued by the Oumar vehicle, Apollo Group of Wisefts (hereinafter referred to as Apollo) entered into a conditional sale agreement with the Vema Group and recommended that the total amount of the sale of shares be approximately $3,918 million and that provisional financing be estimated at $720 million. At the same time, the West Bank shareholder committed to the Standing Finance Facility of S$1.5 billion.

On the same day, the founder of the Hummer vehicle, the founder of the CEO, shared in Microbo a documentary in the film Town. In the eight-second video, the only sentence appeared in the verb: “To live, as in the case of cattle”.

But it is not enough. On 16 January, the Vema vehicle announced a full-cycle transfer price. Since 1 January 2023, price adjustments have been made for multi-payments such as W6, EX5-Z, ranging from an increase of $15,000 to $ 25,000 after a comprehensive subsidy. In the announcement, the Wilma vehicle confessed that “living” became an industry consensus and that “profit” was the goal of recovery.

During the second half of the year, the Israelis and the Palestinians and the Hummer vehicle have been going through a “totnight”.

Since 2022, there has been no full roll-out of the Vama vehicle, and the planned new vehicle, Vema M7, has been delayed. According to the interactive news report, in November 2022, H.E. Dr. CEO, a Vima vehicle, issued a full internal letter in which he said that Hummer vehicles were under considerable financial pressure. In his letter, the Secretary-General indicated that, in order to cope with financial pressures, corporate management had taken the lead in paying half, while corporate operating costs would be streamlined.

A close to the embarrassed Hummer staff clearly feels that it is increasingly difficult for companies to come to grips, especially at the end of 2022. In that half year, UNMOP had been almost on mission. These include investors, industry, and more now market partners.

“The pressure of him is very great.”

“We, as an entrepreneurial enterprise, have setbacks that are normal. There is no easy success.” At the time of receiving the Chinese entrepreneur’s sole-source visit, he said.

What are the? Can Uma be taken out of the dilemma?

Who is Apollo?

According to public information, the Vera market partner, Apollo, was established in 2002 and was former Gumpert, a German manufacturer of super run vehicles. In 2007, Gumpert introduced the first car type Apollo, which was later acquired by the Macao Family in the “Life century” in 2020 as a result of development.

The Congregation is the top tier of the Portus region, and the admiration of those in power in the century is the pedagogical and legal origins, and the paternal masters are those of political business.

Until the change in the name of Apollo, the main camp for the century was jewellery, clocks, etc., but there was always a car nightmare. In 2015, the powerful century announced the beginning of the military wire-bus market with the acquisition of GLM, a manufacturer of electric vehicles called “Jersala”, the European Advanced Motor Company’s Cartel and the Automated Driver System technology, and the subsequent ultra-run brand Apollo.

In July 2022, a change in the name of Apollo was announced in the century. According to journalists, the shareholders behind Apollo’s outposts were, respectively, the thick-up family (11.35 per cent), the Lee-Cong and weekly rotary (9.86 per cent), the Shanghai Foundation and the Investment Company Ltd. (5.41 per cent) of the Shanghai background.

On 6 December 2022, the Apollo outpost issued a circular stating that it was currently proposed to purchase a company engaged in an intelligent electric vehicle. Potential acquisitions are still under consultation and no final agreement has been reached on potential acquisitions. At that time, businessmen said that the “intelligent wire company” referred to in the Apollo outpost was probably the shareholder Verma vehicle.

Today, it is true.

The selection of Apollo as its partner is seen as complementary between the two sides.

In an interview with Chinese entrepreneurs, UNMOP stated that Apollo has a global branding business capability and has advantages such as R&D design capacity and 3D printing, which complement the build-up of Uma’s hardware in three power technologies, intelligent class, automatic driving.

From the fourth quarter of 2021, the Hummer vehicle began a series of exchange arrangements and cooperative layouts. After becoming the largest shareholder of Apollo, UNMOP then became the co-chair and non-executive member of the Apollo trip, and the former member of the founding team of the Hummer was the chief executive and executive director of the Apollo trip.

The layouts of Vuma and Apollo have become apparent.

The White Helmets presentation stated that cooperation between the two sides had resulted in a combination of product-level, technical-level, capital markets, team-users, “both luxury brands, high-end brands and popular brands”. “We aim to become a mass group of new energy vehicles.”

It is understood that the consolidated product matrices include pricing US$ 2 million, Apollo run vehicles covering the market for luxury vehicles; pricing 600,000 to yuan renminbi, cooperative development by the two sides, smart EV covering high-end markets (programming for the nearest roll-out of A@X brands); and pricing between 150,000 and 350,000 yuan renminbi to cover the mainstream market.

Cunkey market

It was informed that the strategic merger announcement had been approved by the Hong Kong Joint Inspection Unit, and that both companies had agreed to deal with the price, and that the follow-up process was carried out primarily by Apollo to perform due diligence with respect to Veema. Taking into account the fact that, on 31 May 2022, Vera had submitted A1 book and completed three to four rounds of responses to the questions posed by the Institute, it had been planned to complete the inter-mission hearing in October 2022, the above-mentioned due diligence was based on material that had been duly reviewed by the Hong Kong Joint Mission and was scheduled to be completed within two to three months. It is optimistic that Hummer has a great potential to complete the registration plate in the second quarter of the year to complete the anti-marketing (RTO).

On 12 January, Apollo withdrew

◎ our reporter Zhang Jiaxing

The latest statistics of the State Drug Administration show that by the end of February 2022, more than 50 new crown drugs have been approved to enter the clinical trial stage, one neutralizing antibody new crown drug has been approved to market, and the new anti epidemic “tripartite” traditional Chinese medicine has been approved to market

After two years of research and development, China’s top scientific research team has been tackling all kinds of different aspects, such as blocking virus replication, blocking virus invasion, adjusting immune system, etc., and blocking COVID-19 attacks. China’s original new crown drugs are or are about to take part in the battle to end the new crown pandemic.

Explain the curative effect of traditional Chinese medicine with scientific methods

In March 2, 2021, novel coronavirus pneumonia, “three party” Qingfei Baidu granule, Huashi Baidu granule and Xuan lung toxin particles were approved for listing in the new outbreak of pneumonia.

“These three prescriptions have been explored in practice and evaluated in use. They are indeed effective in clinic.” Zhang Boli, deputy to the National People’s Congress, academician of the Chinese Academy of engineering and honorary president of Tianjin University of traditional Chinese medicine, said that traditional Chinese medicine stresses “the great epidemic produces good medicine”. On the basis of clinical practice, it optimizes and combines classic famous prescriptions, and adds experimental effective traditional Chinese medicine components, so as to develop new traditional Chinese medicine that can significantly improve symptoms, reduce weight conversion rate, promote nucleic acid negative conversion and reduce sequelae, This is also a way to quickly screen, evaluate and develop new drugs.

Taking Xuanfei Baidu granule as an example, it is composed of five classic famous prescriptions, such as Maxing Shigan Decoction and Qianjin Weigan decoction. At the same time, we added the traditional Chinese medicine ingredients selected from the experiment and symptomatic treatment of COVID-19. Zhang Boli explained that, for example, the component of Polygonum cuspidatum has a significant effect on inhibiting coronavirus replication, while the inflammatory effect of a component of Verbena on small airways is very clear, and its addition can enhance the curative effect.

Novel coronavirus pneumonia was launched by Zhang Boli team. In order to further evaluate the efficacy of traditional Chinese medicine with modern means, the team carried out the network pharmacology study of Xuan Fei Du Fang, combing the effective compounds and target pathways, analyzing the functional relationship and mechanism prediction, and explaining the mechanism of innovative Chinese medicine in treating new crown pneumonia.

“Through experiments, we found that Xuanfei Baidu recipe can inhibit the replication of coronavirus to a certain extent, but the more important thing is to regulate the immune function of the body so that the immune response caused by virus invasion will not be over activated and cause inflammatory mediator storm.” Zhang Boli said that for more than a year, the team has answered a series of questions such as effective components, action targets and pharmacodynamic mechanism of traditional Chinese medicine through modern means, and answered a series of questions such as how to improve symptoms and control weight conversion rate of traditional Chinese medicine with experimental data.

“After analyzing the covid-19, the target and the mechanism of action, we found that the target and mechanism of” three drugs and three parties “in different periods of new crown pneumonia were different from light, ordinary and heavy. It also explained why Chinese medicine could fight COVID-19 in all stages. Zhang Boli said that clarifying and clarifying the mechanism of traditional Chinese medicine with modern evaluation means will be more conducive to transmitting the curative effect of traditional Chinese medicine through the international discourse system and contributing to global epidemic prevention and control.

Starting from clinical needs

The research, development and creation of new drugs are closely related to people’s life and health, and face the needs of people’s life and health. “New drug research and development should face clinical problems and identify the development endpoint in order to grasp the innovation direction of new drug creation.” Academician Wang Chen, member of the National Committee of the Chinese people’s Political Consultative Conference, vice president of the Chinese Academy of engineering and President of the Chinese Academy of Medical Sciences, said that the path of new drug research and development in the world is generally based on clinical needs, laboratories (through mechanism research) find targets, and companies follow up (transform) research. However, the source of new drug research in China is to find targets from foreign literature According to foreign original research drugs, carry out secondary innovation and other problems.

“China is rich in clinical research resources and will encounter many problems in clinic. These problems are the source of pharmaceutical innovation.” Wang Chen explained, for example, that a small molecule reagent drug needed for respiratory diagnosis has not been developed in China and has been replaced by industrial preparations. This problem was not solved until clinicians cooperated with pharmaceutical experts in research and development.

A large number of clinical needs are the “question bank” of pharmaceutical innovation and development. There are still two problems in how to make good use of this “question bank”.

On the one hand, clinicians lack the atmosphere to invest in scientific research. Wang Chen believes that doctors’ involvement in clinical research and responsibility for knowledge creation will promote the original innovation of medicine and pharmacy in China. On the other hand, China’s clinical resources have not been fully utilized. Wang Chen said that for example, in the global registered clinical studies, the number of registered studies in China only accounts for about 3%. To adhere to the “four aspects” of pharmaceutical innovation and R & D, we must fully stimulate the willingness of clinicians to explore clinical needs and integrate more deeply into the whole ecological chain of pharmaceutical R & D.

Meet the revolutionary changes in the pharmaceutical industry

“Life science is no longer just a matter for biologists, including the integrated development of physics, chemistry, mathematics, information science, material science, engineering science and other disciplines, so as to jointly promote the development of life science.” Chen Kaixian, academician of the Chinese Academy of Sciences, said.

Meet the revolutionary changes in the pharmaceutical industry and gradually enhance the entrepreneurial ability of Chinese enterprises; The national science and technology plan has successively set up major special projects and key R & D plans related to new drug R & D in the layout. According to the latest data released by McKinsey in 2020, China’s new drug R & D accounts for 13.9% of the world, ranking the second echelon.

In the new crown drug research and development, China’s new drug research and development strength has been strengthened, and the strength is becoming more and more obvious. In December 8, 2021, China’s first anti COVID-19 drug, the new crown neutralizing antibody, the combination of the monoclonal antibody and the romicwell monoclonal antibody, was approved. The combination drug was jointly developed by Tsinghua University, Shenzhen Third People’s Hospital and tengshengbo pharmaceutical.

Zhang Linqi, the leader of the R & D team and professor of Tsinghua University School of medicine, previously said that each laboratory has its own talents and will choose partners to join the work of new drug creation based on the technical platform and accumulation previously owned by each laboratory.

Well prepared, it is the creation and research of new crown drugs in China

Fang Hongbo, chairman of Midea Group, believes that as an influential listed company, it is to give a positive and beneficial feedback to the capital market, “this is what we need to do as a micro enterprise”.

To this end, enterprises “at least need to have profitability, cash flow ability, dividend ability and sustainable development, especially free cash flow.”

In the years of stable industry environment and normal operation, it is not difficult for Midea, a 100 billion household appliance giant.

Midea Group share price performance (since listing)

However, when the real estate environment is turbulent, urbanization across the country is coming to an end, and the consumer demand for household appliances needs to be boosted by policies again, as a leader of enterprises, we must consider a problem we have to consider:

Whether the original main business of the enterprise can support the requirements of shareholders for growth and bring very good free cash flow.

If you can only get a negative answer after thinking, the next question is: what kind of new business can support the new growth requirements of a 100 billion enterprise.

Over the past few years, Midea has been promoting the deployment of new engines outside the territory of home appliances. Fang Hongbo’s emphasis on new business means that he has answered the first question to some extent. On the second question, he Xiangjian, the old leader of Fang Hongbo and the founder of Meimei, has actually thought deeply for a long time. But the process of its practice is not smooth.

01 there is a tradition of making cars

Midea actually has a long-term commitment in car making.

At a glance, it is difficult to have high growth stock competition. Home appliances seem to have become such an industry.

No matter the industry PE average value or the maximum PE value, home appliances belong to the lower of a shares: the average PE value is less than 20 times, Gree is 10 times, Midea is about 15 times, and Haier is less than 18 times.

Low P / E ratio is the phased judgment given by the market, and the actions of industry leaders basically coincide with these judgments - overseas market and diversification have become the major actions actively promoted by household appliance enterprises. Even Dong Mingzhu has begun to imagine the diversified blueprint of Gree, “holding Gree mobile phone to command home appliances, enjoying the temperature brought by Gree at home, tasting the delicious food cooked by Gree appliances, and driving Gree’s electric car out of the door.”

So far, Dong Mingzhu has run into a wall in her cross-border beauty, but her transformation attitude is still firm and her strategic direction is very clear.

Haier’s attitude towards the transformation of smart appliances is more resolute, so that it directly changed the name of the joint-stock company to Haier Zhijia. However, if you look at its financial data, you can see that the company’s growth impetus comes from internationalization - the latest third quarterly report shows that its domestic business revenue has decreased to 48.01%.

Compared with the two old rivals, Midea’s transformation strategy is not much different, but it is stronger in three aspects: main business, internationalization and diversification.

In the third quarter of 2021, Gree’s revenue was 47.08 billion yuan, a year-on-year decrease of 16.5%; The net profit was 6.18 billion yuan, a year-on-year decrease of 15.66%. Over the same period, Midea’s revenue was 261.342 billion yuan, a year-on-year increase of 20.57%; The net profit attributable to the parent company was 23.455 billion yuan, a year-on-year increase of 6.53%.

Gree is still a relatively traditional “air conditioning factory”. More than 70% of its revenue comes from a single main business of air conditioning. The revenue contribution of consumer household electrical products is only about 2%, and the revenue contribution of intelligent equipment or other main products is less than 1%.

In this regard, the United States has stronger comprehensive advantages. In the third quarter of 2021, in addition to air conditioning, Midea had 1 / 3 of its revenue from other consumer appliances, robots and automation systems, accounting for more than 7%. KUKA began to make profits in the third quarter of last year.

In addition, Midea’s overseas revenue has reached 73.96 billion yuan, accounting for 42.55% of the total revenue. Although internationalization is not as strong as Haier, it is also good enough.

In terms of diversification, Midea has a long-term commitment in car manufacturing. As early as 2004-2006, it spent a lot of money to acquire three bus companies - Yunnan bus factory, Yunnan Aerospace Shenzhou Automobile Co., Ltd. and Hunan Sanxiang bus, and successively built production bases in Changsha and Kunming.

Midea bus transformed from Hunan Sanxiang bus

By 2009, Midea’s bus assets in Hunan were sold to BYD at a low price of 60 million, and Midea’s diversification suffered a failure in the first round.

But he Hengjian didn’t give up building cars. In 2015, Midea announced its “dual intelligence” (smart home and smart manufacturing) strategy. In the second year, it began to develop electric compressors for vehicles, and became the first manufacturer in the world to introduce rotary compressors into the automotive field.

At the beginning of 2017, Midea spent 29.2 billion yuan to acquire German KUKA robot, which is positioned to provide professional solutions for the new energy vehicle industry to realize the whole process automation from production line to assembly line. In 2018, he Hengjian, the founder of Midea, pointed out that “Midea’s future revenue goal is to sprint 500 billion yuan.”

Obviously, the home appliance industry cannot support Midea to achieve the ambitious goal of 500 billion yuan. This figure can only be achieved by intelligent manufacturing and cars.

02 manufacturing + big market

China is the core market of new energy vehicles, and automobile production and parts manufacturing are the two core components.

Midea is still continuing its ambition to build cars, but different from the attempt to build a complete vehicle in 2004, Midea has locked in the field of parts in the new energy vehicle industry chain, including providing R & D and production, automatic manufacturing and service application services for car enterprises.

This is a big market that can support the goal of 500 billion yuan. According to the prediction of prospective industry research institute, by 2026, the main business income of China’s auto parts industry will exceed 5.5 trillion yuan.

At present, the three major product lines, including the drive system, the thermal management system and the auxiliary / automatic driving system, have been put into operation.

The road of transformation is full of difficulties and obstacles. For example, for more than four years after the acquisition of KUKA, the robot enterprise with the world’s top technical strength has been in a state of loss until the third quarter of 2021.

In the third quarter of 2021, KUKA’s sales revenue was 2.37 billion euros, with 2.68 billion orders received

The bright moon is like frost, and people are like pictures “

Yesterday was the traditional Chinese festival, the Lantern Festival

Last night, the scene by the Qiantang River was painted

This year, we spent an extraordinary Spring Festival together, experienced the hardening of epidemic prevention and control, encounter, interdiction, annihilation, ice and snow, and witnessed the Chinese romance of the opening ceremony of the Beijing Winter Olympic Games. At this moment, spring returns to the earth, enjoying the lights and reuniting, and thousands of lights are integrated into the passionate emotion and romance of the Chinese nation for thousands of years, lighting up the bright and future.

During the Lantern Festival on the 15th day of the first month, on the night of full moon, Hangzhou’s company and blessing to the general public arrived as scheduled. Tonight, the theme lights of the Lantern Festival in the year of the tiger will be displayed in Qianjiang new city. I will meet you on time!

Lantern Festival, happy year of the tiger

On the wall of the moon, Kong Ming prayed, and the red light hung… “The Lantern Festival, the flowers are happy and the moon is full”. In ancient times, there were lanterns and bright moons hanging high. Tonight, Wanjia lantern color and the “starlight” of the buildings in Qianjiang New Town complement each other, and each faint light represents reunion.

Meng Hu plays the Lantern Festival, family reunion and gorgeous dragon and lion dance performances soar among the buildings. The little tiger also holds bowls of dumplings for happy interaction with the on-site citizens, and the happy atmosphere of the Lantern Festival has reached a climax.

Spring returns to the earth, and all things sprout

Green is the color of hope and the symbol of vitality. Now it has another meaning, health and safety! The beating green squares are full of vitality, covering 35 buildings, and various representative buildings in Hangzhou are gradually emerging in this green sea.

“Keep watch and help each other and unite as one”. The wildfire burns endlessly, the spring breeze blows again, the buds are new, a hundred flowers bloom, and the images of representative figures from all walks of life emerge. Yes, “everyone is a contributor and everyone is extraordinary”. We will eventually work together towards a better spring!

Beautiful Hangzhou, wonderful Asian Games

The huge picture scroll was opened, and the theme color of the Asian Games “light makeup and heavy makeup” was spread among 35 buildings, with streamers and lines dancing. “Chen Chen”, “Cong cong” and “Lian Lian” also made a wonderful appearance with colorful beams, greeted the on-site citizens happily and flexibly, and conveyed the innovative vitality and sports passion of the Hangzhou Asian Games.

“Common prosperity, beautiful Hangzhou”. The charm of the south of the Yangtze River and the characteristics of Hangzhou blend together in a blue picture. The koi in the new year is also essential. They can swim freely between the “beautiful Hangzhou city” and connect all the beauties and blessings.

I love Hangzhou

In this warm city, we have a full sense of happiness! The red love beating all over the screen is the most sincere love and thanks. In this year of tiger power, the little tiger also shouted “I love Hangzhou” with us!

Flowers and trees, stars like rain, jade pots turn, fish and dragon dance. May all families be safe when the lights are bright!

Thousands of lights arouse people’s gathering and joy. The reunion night of relatives, friends and lovers is more meaningful because of the expression of lights. The beautiful lanterns and modern lighting interpretation bring the blessing and prosperity of the Lantern Festival, which is the romance of our Chinese people alone.

Warm tips: on February 15 / 16, one light show will be played at 18:30 / 19:30 / 20:30 every day, three times a day. Please look forward to it~