Wang Jianlin does not leave the card table

Near the end of the year, Wanda’s news was frequent. First, Wanda Film was completely sold, and then there were rumors that Zhuhai Wanda Commercial Management would transfer Wanda Plaza in first- and second-tier cities.

A few years ago, Wanda, which had "sold off" Wanda Cultural Tourism and Wanda Hotels, and had a strong man break his wrist, is now going to "cut off his arm" again, but this time the situation he has to face is more dangerous than before.

However, this housing leader, who was the first to face the real estate industry’s storms, is still on the table despite years of difficult mediation and repeated broken arms to survive.

Unfortunate, but fortunate.

Because compared to several other giants that have been blown away by the rain, it is undoubtedly much more decent.

one

Wanda’s deadline is only more than 20 days away.

According to the gambling agreement, if Zhuhai Wanda Commercial Management cannot complete the listing within the year, it will pay a total of 38 billion yuan in cash and interest due at the end of the year to repurchase the shares in the hands of investors.

This year is already the third year that Zhuhai Wanda Commercial Management has impacted the Hong Kong IPO. In June this year, Zhuhai Wanda Commercial Management has also submitted a prospectus for the fourth time.

Now, with only 20 days left until the end of the year, the chances of going public are slim.

Legend has it that the plan for listing extension has also been rejected, and the rest may only be paid 38 billion this way.

In addition to the well-known listing crisis, Zhuhai Wanda Commercial Management also faces considerable performance pressure.

Previously, Zhuhai Wanda Commercial Management has made performance commitments to Tencent, Ant, CITIC Capital and other investors.Commitment to the period from 2021 to 2023, the actual net profit will not be less than 5.19 billion yuan, 7.43 billion yuan and 9.46 billion yuan respectively.

If the performance does not meet the target, Zhuhai Wanying, a shareholder of Dalian Wanda Commercial and Zhuhai Wanda Commercial Management, will transfer the relevant amount of shares at zero consideration or pay cash to investors to compensate investors.

However, Zhuhai Wanda Business Management’s net profit in 2021 was 3.512 billion yuan, which did not meet the target. The net profit in 2022 was 7.534 billion yuan, which is only just reached the target.

So in the coming 2023, can the goal of net profit of 9.46 billion yuan be achieved? It is difficult to say.

After all, Wanda can’t even take out 600 million dollars now.

At the end of November, Wanda Commercial Management announced on the Hong Kong Stock Exchange that it plans to roll over a $600 million bond due in January 2024.

Fortunately, the plan was quickly approved by bondholders in less than two weeks, and the investor support ratio reached 99.3%.

The plan can be passed so quickly,Part of the reason is that compared with other real estate companies, Wanda’s extension plan seems more "conscientious". The extension time is only one year, which is not too long, and it will be paid off in four installments within the year.If creditors agree in advance, the total consent fee of 1.24% is also higher than the 1% common to other housing companies.

Another part of the reason is that Wanda’s business operations are still good, especially Wanda Plaza. In the first half of 2023, Wanda Plaza opened 12 new ones, with a total of 484 openings. The total rental income was 26.32 billion yuan, an increase of 4.5% year-on-year, and the net rent was 13.01 billion yuan, an increase of 7.2% year-on-year. At the same time, Wanda Plaza’s rental rate was 98.2%, and the rent collection rate was 100%.

Even with the rent of Wanda Plaza, the 600 million dollars is only a matter of time. But the problem is that Wanda Plaza has now become one of the chips for Wanda to put on the table.

Recently, news has leaked that Wanda Commercial Management has revealed in the process of communicating with investors that the group is currently willing to sell Wanda Plaza in first- and second-tier cities in exchange for liquidity, and is still negotiating with insurance institutions.

Further specific rumors are that a major insurance company is about to acquire Shanghai Jinshan Wanda Plaza, which has been inspected on the spot and has passed the negotiation period. Another Shanghai Maqiao Wanda Plaza is also in the transfer of shelves, and the management is still picking.

Although the dust has not yet settled, Wanda has sold five Wanda plazas in succession this year, so the rumors are indeed quite credible.

Wanda, which held a lot of high-quality assets, was now playing cards one by one in order to pass smoothly before the end of the year, and Wanda Plaza was just one of them. After all, the day before the rumors of Wanda Plaza appeared, Wang Jianlin had just completely changed hands with Wanda Film.

In the past year, Wang Jianlin has transferred the equity of Wanda Film three times. Although the selling price has been lower each time, Wanda Film has been firmly in Wang Jianlin’s hands.

Until this time,Wang Jianlin will Beijing Wanda investment 51% equity, at the price of 2.262 billion yuan transferred to Shanghai Ruyi Investment Management Co., Ltd., Wanda Film also completely sold.

What few people know is that Shanghai Confucianism is actually inextricably linked to real estate.

Behind Shanghai Ruyi is China Ruyi, formerly known as Hengteng Network. Hengteng Network was originally invested by Tencent and Evergrande, and later Tencent withdrew its investment. But after Evergrande fell into the debt crisis, it sold its shares one after another, and Tencent became the largest shareholder of Hengteng Network, which was later renamed China Ruyi.

After Wanda encountered a crisis, Confucianism became the snake that swallowed the elephant, Wanda Film, with the support of Tencent.

In the film industry, Wanda Film is a veritable "elephant". In the first three quarters of this year, Wanda Film’s performance reversed the trend, with operating income reaching 11.35 billion yuan, an increase of 47% year-on-year. Net profit also turned into profit, and profit 1.104 billion yuan.

It can be said that Wanda Film is one of Wanda’s veritable high-quality assets. For Wang Jianlin, who has always wanted to make Wanda Film "Hollywood in China", this sale is helpless.

Once upon a time, Wang Jianlin could withstand the doubts of 99% of investors, and went into the film industry with his own will. With the goal of "China’s first" and "world’s first", he frantically acquired Hollywood production companies to seize the market, and once achieved the world’s largest cinema market share.

But now, unable to withstand the pressure of reality, Wang Jianlin decided to cut off his arm and completely cut off the film business.

Wang Jianlin finally bowed his head to reality.

two

From being the richest man in China, to becoming the first "negative" in China, to raising 600 billion successfully slimming through the crisis in three years, becoming the richest man in real estate again, and now, having to run around again to raise money, Wang Jianlin has tasted the ups and downs that many people will never experience in their lifetime.

From 2015 to 2016, Wang Jianlin was the richest man in China on the Hurun Rich List for two consecutive years, with a net worth of nearly 220 billion yuan.

However, such a huge asset, built on perennial loans and debts, was like a bubble, bursting with a poke. In 2017, Wang Jianlin and Wanda’s debt ratio had reached 70%, and according to the disclosed information, Wang Jianlin had loaned more than 400 billion yuan to banks at that time.

At this time, the market has gradually cooled, coupled with the failure of overseas investment, Wanda’s vitality has been greatly damaged, and Wang Jianlin’s debt has soared to 600 billion yuan, suddenly becoming China’s first "negative".

In order to pay off the 600 billion yuan debt, Wang Jianlin began a crazy sale.

The prologue is the rumor that once talked about "breaking the cup" and the "great merger of the century" with total assets exceeding 63 billion yuan.

In 2017, Wanda sold 13 of its highly anticipated cultural tourism projects to Sunac China for 43.844 billion yuan, and 77 of its hotels to R & F for 19.906 billion.

Although the deal could be said to be a fire sale in terms of price, it successfully helped Wanda reduce its leverage, reduce its debt, obtain cash flow, and temporarily recover from the loan crisis.

Then, Wang Jianlin’s pace of selling assets never stopped. First, he sold Wanda Plaza in Jiujiang, Nanchang, Yancheng and other places in China to Pearl River Life Insurance. Later, he publicly stated that he would put his main investment in China and gradually liquidated overseas real estate projects.

Wanda first sold the Spanish mansion it bought in 2014 for 265 million euros for 272 million euros, losing nearly 200 million yuan in exchange rate changes. It later sold the much-anticipated Wanda London ONE project for about 59.35 million pounds, followed by two projects in Australia’s Gold Coast, Sydney and Chicago properties.

In 2018, Wang Jianlin resold shares in Wanda Commercial and Wanda Cinemas. Subsequently, AMC, the world’s largest cinema chain, which Wanda had invested a lot of effort in, was also reluctantly parted ways, and its shares were gradually sold by Wanda.

In May 2021, Wanda fully withdrew from the board of directors of AMC, retained only a minority stake, and accumulated $1.476 billion in funds, and Wanda gradually recovered from the "embarrassment".

However, in 2022, Wanda, which had recovered, quickly began to invest on a large scale, making great strides in the sluggish real estate market, and the shadow of high debt once again struck.

However, compared to the major private developers who either disappeared completely behind closed doors or ran away directly, Wang Jianlin has always appeared in the public eye, running around for Wanda, giving many people confidence.

Since the beginning of this year, Wang Jianlin has sold his own stocks many times, and returned 7 billion cash to Wanda to return blood, so that several maturing bond payment problems have been solved.

But in a recent public appearance, Wang Jianlin, who is so skinny, suddenly made people realize that Wanda was no longer the Wanda who was full of Wang fried, and Wang Jianlin was no longer the ambitious "white knight".

Five years ago, Wanda could still sell Wanda Hotels and Wanda Cultural Tourism. But now, after the sale of Wanda Film, Wanda, which focuses on "light assets", seems to have no more cards to play.

The Wanda Group, which was about to lose weight, was left with only a worried Wang Jianlin.

III. Conclusion

Looking back, Wanda used to diversify through crazy mergers and acquisitions and reached its peak, but it was burdened by diversification overnight, began to lose weight, and turned to an asset-light model. Now, after repeatedly breaking arms to survive, it has become more and more "light".

It was precisely in response to what he wrote in his own hand back then, "After years of business wars and wealth, everything has always been in vain."

However, as long as he didn’t leave the card table, even if he was facing a huge crisis now, even if he had to cut off his arm to survive, why not?

Living is more important than anything else.

This article is from the WeChat official account:Guru (ID: guru-lama)Author: Yuanhe

Passengers report that the price of online car-hailing has risen, and experts warn the industry of signs of monopolistic development

  core reading

  Recently, many passengers have reported that in the past few months, the fare of online car-hailing has increased a bit. The online car-hailing platform said that the basic fare has not been raised, and the subsidy has indeed been adjusted, but it is also to ensure the success rate of car-hailing, and the price is transparent and voluntary. Experts point out that under the pressure of funds, the low-price marketing strategy cannot be sustained. However, we should also pay close attention to whether there is any sign of monopoly in online car-hailing, and take countermeasures to protect the rights and interests of consumers.

  Recently, many passengers have reported that Didi, Uber and other online ride-hailing fares have risen, but subsidies have become less and less, and morning peak fares must be doubled. What is the situation of price increases? What is the reason for the price increase? The reporter conducted an investigation.

  Passenger: Shenzhen, Beijing has risen, but Shanghai does not feel obvious

  At 8:40 a.m. on September 20, on Meishan Street, Futian District, Shenzhen, the reporter opened his mobile phone to call Didi Express. The app showed that the original fare of more than 20 yuan had increased by 1.2 times to nearly 50 yuan. If you don’t agree to double the fee, you can’t call a car.

  The reporter agreed to double, but no driver took the order for a long time. Just as he was in a hurry, a taxi happened to pass by, so the reporter gave up calling for the express train and took a taxi instead. After half an hour, it only cost 33 yuan to arrive at the destination, which was more than 10 yuan cheaper than the express train.

  "The price has gone up too fast." Ms. Chen lives in Xixiang Street, Baoan District, Shenzhen, and often uses Didi and Uber to commute alternately. "In March and April this year, Uber carpooling cost more than 30 yuan, and Didi carpooling cost more than 50 yuan. In July and August, Uber carpooling cost more than 80 yuan, and Didi carpooling cost more than 70 yuan. Now, Uber carpooling costs 91 yuan, and Didi carpooling is 93 yuan."

  The increase in fares is closely related to the reduction in subsidies. "In the beginning, the amount of vouchers was large, and it was very common to have 60% off car vouchers. But now, it is usually more than 10% off," said Mr. Zhang, a Shenzhen resident. "Generally, you can only get a discount of two or three yuan, which is pitiful."

  Passengers in Beijing are also facing price increases and reduced subsidies. Mr. Yang, a Beijing resident who works in Chaoyang District, often takes an Uber to return to his home in Tongzhou District during Friday night rush hour, a journey of about 16 kilometers. In June, taking People’s Uber cost about 35 yuan, but there was a 10 yuan coupon. Now there are no coupons for the same trip and time period, and the actual payment fee has increased.

  Are all the extra fares paid by passengers given to online taxi drivers? In this regard, Master Lian, who has been a full-time Didi driver for more than a year, said: "Our income has decreased." He said that a year ago, the monthly income could exceed 10,000 yuan, but now it is only 5,000 or 6,000 yuan. "You have to run 25 orders a day to get an 80 yuan reward, not even one less order."

  However, there are regional differences in the price of online car-hailing, and the price increase is not obvious in some cities.

  In Shanghai, reporters have taken Didi Express or carpooling and People’s Uber many times in the past few days, and the distance is usually 5 kilometers to 10 kilometers. With subsidies, the fare is as low as two or three yuan, and as much as less than 30 yuan, and there is no obvious pressure to increase the price. If you take a taxi, Didi and Uber are still much cheaper.

  The reporter also learned from Shanghai Uber that the price of People’s Uber has not increased recently, but has instead dropped, including a comprehensive reduction in basic fares.

  Enterprise: The basic fare has not increased, and the subsidy is dynamically adjusted

  Didi Chuxing said that the specific subsidy and reward standards in various places will be adjusted according to market conditions.

  "Didi Express is in Shenzhen. Since April this year, the price has not changed. The pricing rule is still 1.8 yuan per kilometer and 0.5 yuan per minute." Li Mei, the public relations department of Didi Chuxing, said that the current pricing rules are detailed in the Didi mobile app. "The price is very transparent, and passengers have an estimated price before each order."

  Uber China Shenzhen market manager Zhang Jiahao also made it clear that Uber has not raised the basic fare recently, and the price per kilometer and per minute is consistent with Didi.

  As for subsidies, Li Mei responded that subsidies are a marketing activity that will be adjusted according to market conditions. "City travel itself is dynamic, so subsidies for drivers and passengers should also be dynamic. Future subsidies will be intelligently adjusted according to time, location, order conditions, and supply and demand, with the ultimate goal of improving the success rate of users’ ride-hailing," Li Mei said.

  "In the last two weeks, we reduced passengers by 4 yuan, and this week we reduced them by 6 yuan, and the discount is even stronger." Zhang Jiahao said that Uber will issue coupons to all users through text messages, self-media and other channels.

  For the doubling of morning peak fares, Li Mei explained that the system will match a reasonable price increase multiple for each order based on real-time supply and demand conditions. "Dynamic price adjustment may not only be used during peak periods, and in areas with tight transportation capacity, prices may also increase during off-peak hours. Dynamic price adjustment is not mandatory. If you don’t mind waiting, you can choose not to increase the price." Li Mei said.

  Except for Didi, the prices of other online car-hailing companies seem to have changed little. The relevant person in charge of Yidao told reporters that from November last year to the end of June this year, Yidao has maintained a preferential activity of recharging 100 yuan and getting 100 yuan back, which is equivalent to users can take a taxi at half price.

  Facts also prove that the competition is far from over. On September 22, Shenzhou Special Car, which has always adhered to its own vehicles and adopted the B2C model of heavy assets, announced that it launched the "U + open API" and promised never to take a cut. Shenzhou’s involvement in the C2C model and the practice of not taking a cut of driver income will make the direction of the market more uncertain.

  Lu Zhengyao, chairperson and CEO of Shenzhou Youche, said that the "U + open API" is the same as the price charged by Shenzhou’s own vehicles, which is higher than the price of cruise cars and express cars. But Shenzhou has also launched a new round of promotion plan of "charging 100 to get 50 back", and the actual price after discount is similar to the price of cruise cars.

  Enterprises generally believe that changes in market prices are closely related to the evolution of the future competition landscape. The relevant person in charge of Yidao said that the online car-hailing industry does not have the gene of monopoly, and anyone can use price leverage to enter the market at present.

  Didi Chuxing also said that mobile travel is an emerging market with huge incremental space. At the same time, the industry competition is still very fierce, and new companies continue to join. For a long time, as one of the marketing activities, red envelope subsidies for passengers and driver rewards will continue to be distributed.

  Expert: normal business conduct, but need to be vigilant against monopoly

  What is the reason for this round of online car-hailing price increases represented by Didi and Uber? How should we view it?

  In the opinion of Su Kui, a transportation research expert in Guangdong, there are many factors behind Didi’s price increase: First, after Didi merges with Uber China, effective competition will decrease, and the price is fundamentally determined by market competition. If there is no price competition pressure on the platform, the price will naturally be higher. Secondly, since Didi has a large number of users at both ends of the driver and passenger, it cannot increase the scale of subsidies by much, which means that the marginal effect of subsidies is very low, and it is a normal business decision to reduce or even cancel subsidies. Furthermore, the drivers of the special car platform have been a large number of full-time, and the cost of each transportation has little to do with the way of leasing. The price will eventually be closer to the traditional cruise taxi, reflecting the cost more. Finally, reducing subsidies is also related to the possible financial pressure on the platform in the future, or investors’ desire to make profits as soon as possible.

  Experts say the price increase is largely due to a change in the previous low-price marketing strategy.

  "As a means of promotion, companies can use low prices to acquire users, but it doesn’t mean that companies have to keep low prices all the time." Fu Weigang, a researcher at the Shanghai Institute of Finance and Law, cited the example of e-commerce as an example. "Everyone is used to the annual’Double 11 ‘carnival, but if there are consumers who think that e-commerce must maintain the same price as’Double 11’ for 365 days, it is a big mistake."

  "In the past two years, ride-hailing companies have attracted a lot of users through various means such as discount coupons and vouchers. But it is unrealistic to think that this low price will last forever. Because in addition to discount coupons, they have their own price system." Fu Weigang said that low prices can be regarded as a marketing strategy, but should not be taken for granted. "After all, Didi and Uber are not obligated to subsidize consumers’ travel with losses forever."

  Regarding the current competition landscape in the market, Su Kui judged that the threshold of the online car-hailing market seems to be relatively low, but it is actually relatively high, mainly due to the high capital threshold. Therefore, in the future, there may continue to be some regional platforms emerging in various places to compete and restrict the existing platforms. But at the national level, the online car-hailing market pattern will not change much in a considerable period of time.

  So, will Didi’s merger with Uber China create a monopoly? Su Kui believes that due to the uniqueness of its service features (such as mobile phone hailing, electronic payment, etc.), the online car-hailing market is to a certain extent independent, but there is a certain substitution for traditional cruise taxis. "Whether it involves monopoly depends on two points: first, whether the cruise car can be improved and developed in the future, especially whether the policy can moderately loosen the restrictions on the cruise car, so as to form checks and balances on the platform; second, during peak periods or special weather, when supply and demand are unbalanced or when supply and demand information is asymmetric, due to insufficient effective competition, how to prevent the platform from abusing its market dominance."

  Regarding the second point, Su Kui further stated that due to the particularly obvious tidal nature of the transportation market, abuse of market dominance is most likely to occur during peak periods and special weather. Relevant platform companies can promise the society that the dynamic price increase at peak times shall not exceed a certain multiple to protect consumer rights and interests.

  Peng Chen, a member of the Shenzhen Municipal Committee of the Chinese People’s Political Consultative Conference, has been paying attention to the topic of transportation. She suggested that the government should pay close attention to whether there are signs of monopolization in online car-hailing and use the Antimonopoly Act to supervise in a timely manner. In addition, for online car-hailing to charge double fares during peak periods, Peng Chen suggested that the tax on the premium part should be collected separately from the normal fare. "The early rush hour of online car-hailing has exacerbated the congestion on urban roads. The government can use this part of the tax to subsidize urban public transportation."

  (Lv Shaogang, Liu Zhiqiang, Shen Wenmin, Chen Yuzhu) (Chen Feixue participated in the collection and writing)

Notice of Hangzhou Municipal Bureau of Planning and Natural Resources on Printing and Distributing the Regulations on the Administration of High-precision Maps of Intelligent Connected Vehicles in Han

All relevant units, sub-bureaus, county (city) planning and natural resources bureaus:

In order to strengthen the management of high-precision maps, standardize the use of high-precision maps, promote the development of intelligent networked vehicles, and maintain the security of geographical information, our bureau has formulated the "Regulations on the Administration of High-precision Maps of Intelligent Networked Vehicles in Hangzhou", which are hereby issued. Please abide by them carefully.

Hangzhou Municipal Bureau of Planning and Natural Resources

October 23, 2023

(This article is published publicly.)

Hangzhou regulations on the management of high-precision maps for intelligent networked vehicles

In order to strengthen the management of high-precision maps, standardize the use of high-precision maps, promote the development of intelligent networked vehicles, and maintain geographical information security, these regulations are formulated in accordance with the relevant provisions of the Surveying and Mapping Law of the People’s Republic of China, the Map Management Regulations, the Ministry of Natural Resources Notice on Promoting the Development and Maintenance of Intelligent Networked Vehicles, and the Hangzhou Measures for the Administration of Intelligent Networked Vehicles Testing and Application, and in light of the actual situation of this city.

These Provisions apply to activities such as data collection, storage, transmission, processing, production and use of high-precision maps of intelligent networked vehicles (hereinafter referred to as high-precision maps) within the administrative area of this Municipality.

The term high-precision map as used in these regulations refers to an electronic map mainly used for assisting the driving of intelligent connected vehicles with high position accuracy.

High-precision maps mainly include maps of L4 and above autonomous driving systems (hereinafter referred to as high-precision maps) and maps of L3 and below autonomous driving systems (hereinafter referred to as high-precision maps).

III. The management of high-precision maps follows the principles of law and regulation, full-process monitoring, equal emphasis on management and service, and safety and control, and implements classification and grading management.

The Municipal Bureau of Planning and Natural Resources is responsible for the city’s high-precision map management.

Units engaged in the production of high-precision maps shall obtain corresponding surveying and mapping qualifications in accordance with the law, or entrust units with corresponding surveying and mapping qualifications to carry out corresponding surveying and mapping activities.

The data storage server for high-precision maps shall be located within the territory of the People’s Republic of China. High-precision map data shall be encrypted with domestic commercial passwords that meet security standards, and transmitted through network channels with security measures to ensure the security of geographic information data.

The high-precision map data to be transmitted overseas shall be subject to the approval procedures for external provision according to law.

The production of high-precision maps shall comply with the technical requirements of the Zhejiang provincial local standard "Intelligent Connected Vehicles, Road Basic Geographic Data Specification" (DB33/T 2391-2021), follow relevant regulations, and standardize the production and expression of data collection and map elements.

Eighth, high-precision maps shall be treated with state-recognized geographical information confidentiality technology.

Nine, before the high-precision map is publicly used or delivered for application, it shall be submitted to the Zhejiang Provincial Department of Natural Resources for map review through the Zhejiang Government Service Network (map approval) according to regulations, and the map review number shall be obtained according to law.

The Municipal Bureau of Planning and Natural Resources, through the Hangzhou Intelligent Connected Vehicle Data Application Safety Monitoring Platform, obtains relevant information on the use of high-precision maps in intelligent connected vehicle testing and application activities, and collaborates with relevant departments to organize and carry out pilot supervision and inspection of high-precision map applications in accordance with the law. Strengthen process supervision and on-site inspections, and promptly deal with and supervise rectification of discovered problems.

During the production and use of high-precision maps, any organization or individual that violates laws and regulations on surveying and mapping geographic information shall be dealt with in accordance with the law.

These regulations shall come into force on December 1, 2023.

Notice of Hangzhou Municipal Bureau of Planning and Natural Resources on Printing and Distributing the Regulations on the Administration of High-precision Maps of Intelligent Connected Vehicles in Hangzhou

Fan Bingbing "kicked away" Yang Mi fell in love with Feng Shaofeng, Huo Siyan made a deep V appearance


Group photo of the main creator of "Second Exposure"


"Fan Ye" is getting more and more stylish


Huo Siyan deep V debut

  Movie Network News(Photo/Yang Nan, Text/Zhang Wei) On October 9, Fan Bingbing and director Li Yu’s third collaboration on the new film "Second Exposure" held a press conference in Beijing. In addition to these two golden partners, Feng Shaofeng, Huo Siyan, and Kong Wei were also present to help out. Fan Bingbing praised Feng Shaofeng for being very attractive and a public enemy of men, but Feng Shaofeng was a little nervous when he first met Fan Ye, claiming that he "couldn’t let go" when filming emotional dramas.


"Public Enemy of Men" Feng Shaofeng


Feng Shaofeng, Fan Bingbing


Look, there are our real-world friends over there

Feng Shaofeng exposed Fan Ye’s power on the set, and he was nervous about filming emotional scenes

  Feng Shaofeng, who quickly became popular because of a travel drama "Palace", has already taken on a lot of movies, and his partner’s actress is not just Yang Mi. In the role of Overlord Xiang Yu, he plays with Liu Yifei, and when Feng Shaofeng sees Fan Bingbing, who has a strong aura, he is still taken aback. "I didn’t understand before, why should such a flowery girl be called Fan Ye? Later, when filming a scene, there was a crack in the middle of the reflector. If you don’t split it, you will wear it. Bingbing went up and’wow ‘and split it in half with her hands." Fan Bingbing explained that she was catching up at the time, and other methods were too troublesome, so she did it herself.

  Talking about the impression just met, Feng Shaofeng said that he was very nervous, "At the beginning, I was not familiar with Bingbing, and the audition was an emotional play, so I couldn’t let it go. Fortunately, Bingbing kept chatting with me and brought me into the play, and now we have a tacit understanding." And Fan Bingbing praised Feng Shaofeng as "the enemy of men", "he is a very considerate boy, and he will think of everyone in the crew."



Huo Siyan


Sexy Kong Wei


Feng Shaofeng tells the interesting story of "Fan Ye" on the set


The creators had a great conversation

Huo Siyan was drunk at the scene and "competed" with Feng Shaofeng in Fan Bingbing’s play

  Fan Bingbing and Li Yu collaborated on the previous film, which made Fan Ye take the title of after-the-film actress at the Tokyo International Film Festival. This time, Fan Bingbing said that she is no longer looking forward to the award, and she hopes that Feng Shaofeng can become the best actor with this film. Regarding "Double Exposure", Fan Bingbing said that the script is simply tailor-made for himself. "This is a role I have never played, and a Chinese film has never appeared. It is a very good thing to be able to play such a role as a Chinese actress. After reading the script at three in the morning, my back was sweaty, and I felt that everything this character said and did was describing myself."

  The title of "Double Exposure" is only tentative. The film has been publicly solicited before, and there are several candidate names. Fan Bingbing chose "Danfeng Eye", but unfortunately it was not selected, and he was still a little unwilling. The film tells the story of a childhood sweetheart but distant lovers by declassifying two suspicious murders. On that day, the creators refused to reveal too much about the plot. Huo Siyan said that she and Fan Bingbing played girlfriends, but they were also enemies and friends. Both had complex emotional entanglements with Feng Shaofeng. The film’s producer, Fang Li, also made a cameo appearance, having an affair with Kong Wei in the play. In addition, Chen Chong and Yao Anlian also joined the film.


Fan Bingbing: I seem to have seen "Bajie"


I will answer this question


Director Li Yu

  Fan Bingbing also revealed that Huo Siyan was drunk because of filming, "She drank too much that day, and she didn’t get up for three hours. If she wanted to start filming, she said she would give me a minute, and then she didn’t get up for an hour. In fact, we drank her, and I kept telling her to drink another sip, and she was really drunk." Huo Siyan was wearing a dark V dress and hat that day, which was very eye-catching.

Next page More wonderful pictures

July 8, 2023 National Insurance Public Awareness Day

  After more than a year of suspension of trading on the Hong Kong Stock Exchange, on the evening of July 17, China Evergrande reissued its 2021 annual report, 2022 semi-annual report and 2022 annual report one after another, and the outside world finally got a glimpse of its financial situation. Although the market has long expected Evergrande’s liabilities and losses, when a series of figures really come into view, it is still staggering.

  According to the performance report disclosed by China Evergrande, the company’s net loss in 2021 and 2022 was 686.22 billion yuan and 125.81 billion yuan respectively, and the net loss in two years totaled 812.03 billion yuan. At the same time, China Evergrande has fallen into an insolvent situation. The total value of its assets held at the end of 2021 and 2022 was 2.11 trillion yuan and 1.84 trillion yuan respectively, and the total amount responsible was 2.58 trillion yuan and 2.44 trillion yuan respectively.

  According to Wind data statistics, in all 110 class A share listed housing enterprises, in 2021, 23 housing enterprises with negative net profit suffered a total loss of 118.16 billion yuan; in 2022, 35 class A share listed housing enterprises with negative net profit suffered a total loss of 122.57 billion yuan. Dozens of housing enterprises lost far less than China Evergrande.

  "The company takes stable management and risk management as its top priority, and actively promotes the work of the guaranteed building with the greatest efforts. It has won the understanding and support of various parties, including local governments, upstream and downstream enterprises." China Evergrande said in its financial report that the company achieved full resumption of work on 732 guaranteed building projects in 2022, and a total of 301,000 sets were handed over throughout the year. At the same time, Evergrande Automobile achieved the mass production and delivery of the "Hengchi 5" model.

  Looking to the future, China Evergrande further stated that it will make every effort to ensure the steady and orderly progress of key work such as "Baojiao Building", do a good job in the sustainable operation of new energy vehicles, property services and other sectors, explore the efficient disposal and effective revitalization of the company’s core assets, and steadily promote risk mitigation.

  On the one hand is the beautiful vision described in the financial report, and on the other hand is the huge financial "black hole" in reality. The future direction of China Evergrande is not only related to the interests of thousands of enterprises in its entire ecological chain, but also affects the hearts of all parties. According to recent news from China Evergrande, the company will hold a number of restructuring debt holders’ meetings on July 24-25, and overseas workouts may usher in clear results.

  Debt at the end of 2022 is about 2.44 trillion yuan

  From the perspective of income, in 2021, China Evergrande achieved revenue of 2500.1 billion yuan and gross profit of 18.45 billion yuan. The total net loss for the year was 686.22 billion yuan, of which the operating loss was 113.75 billion yuan, and the losses related to land recovery, impairment losses of financial assets and other non-operating losses were 180.20 billion yuan.

  In 2022, China Evergrande realized revenue of 2300.7 billion yuan and gross profit of 24.99 billion yuan, from negative to positive. The total net loss for the year was 125.81 billion yuan, of which the operating loss was 43.39 billion yuan, and the loss related to land recovery, impairment loss of financial assets and other non-operating losses were 69.37 billion yuan.

  In terms of assets and liabilities, as of the end of 2021, China Evergrande held total assets of 2.1071 trillion yuan, net assets – 473.05 billion yuan; total liabilities were 2.58015 trillion yuan, excluding contract liabilities of 974.35 billion yuan was 1.6058 trillion yuan, of which loans 607.38 billion yuan, trade accounts payable and other payables 893.34 billion yuan (including 585.01 billion yuan payable for engineering materials), other liabilities 105.09 billion yuan.

  As of the end of 2022, China Evergrande held total assets of 1.83834 trillion yuan, net assets – 599.07 billion yuan; total liabilities of 2.43741 trillion yuan, excluding contract liabilities of 721.02 billion yuan is 1.71639 trillion yuan, of which 612.39 billion yuan, trade accounts payable and other payables 1.00226 trillion yuan (including engineering materials payable 596.16 billion yuan), other liabilities 101.74 billion yuan.

  It can be seen that trade payables and other payables account for the majority of China Evergrande’s external liabilities, reflecting China Evergrande’s arrears to upstream and downstream suppliers, contractors and partners during the real estate development process. At the same time, as of the end of 2021 and 2022, China Evergrande’s cash assets were only 5.435 billion yuan and 4.334 billion yuan respectively.

  Overseas workout or welcome new progress

  Regarding the overseas workouts that are concerned by all parties in the market, China Evergrande also mentioned in the performance report.

  "In line with the principle of respecting international restructuring principles, treating the existing rights and demands of all creditors with justice and fairness, the company and its advisory team have continued to conduct in-depth and detailed consultations with overseas creditors, and have carried out multiple rounds of communication on the details of the restructuring plan, and steadily advanced the formulation of the overseas debt restructuring plan." China Evergrande said that with the support of overseas creditors, the company obtained the approval of the Hong Kong High Court to postpone the liquidation petition hearing.

  On the night of the release of the performance report, China Evergrande simultaneously disclosed the latest news of an overseas workout: from July 24 to 25, 2023, multiple hearings will be held in the High Court of Hong Kong, the Grand Court of the Cayman Islands, and the High Court under the Eastern Caribbean Supreme Court to vote on the overseas workout plan disclosed by China Evergrande on March 22 this year. If it fails, Evergrande is likely to face forced liquidation.

  Since March 21, 2022, China Evergrande shares have been officially suspended from trading. At present, China Evergrande shares continue to be suspended. According to the relevant regulations of the Hong Kong Stock Exchange, the Hong Kong Stock Exchange can order listed companies that have been suspended for 18 consecutive months to delist. There are still two months left for China Evergrande.

  Auditors remain "unable to comment"

  It is worth mentioning that in the overseas workout plan in March, the unaudited financial information disclosed at that time showed that as of the end of 2021, China Evergrande’s total liabilities were 1.898 trillion yuan, a gap of nearly 700 billion yuan from the latest 2.58 trillion yuan.

  And even with such a huge financial "black hole", after replacing the original auditor, PricewaterhouseCoopers (i.e. PwC), the new auditor, Shanghai PricewaterhouseCoopers, still believes that there are a number of uncertainties in China Evergrande’s continuing operation, and it cannot obtain sufficient audit certificates for the comparison of the opening data. Therefore, it has issued "no opinion" reports on its 2021 and 2022 annual reports.

  "A large and high-quality land bank is a solid foundation for the group to guarantee the property, gradually pay off debts and resume normal operations." Even after handing over the huge loss and unaudited "books", China Evergrande’s statement in the earnings report appeared confident.

  Data show that by the end of 2021, China Evergrande had a land reserve of 260 million square meters and participated in 93 old renovation projects, including 66 in the Greater Bay Area (39 in Shenzhen) and 27 in other cities; by the end of 2022, China Evergrande had a land reserve of 210 million square meters and participated in 79 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 24 in other cities.

  Policy development promotes stable and healthy market development

  Yan Yuejin, Chief Research Officer of E-House Research Institute, believes that China Evergrande’s "insolvent" is not only related to its own operational problems, but also to some extent related to the adjustment facing the industry. For the real estate industry, many problems take a long time to effectively resolve.

  In fact, since the fourth quarter of last year, relevant departments have made concerted efforts from both the supply and demand ends to launch various support and relief policies. Many research opinions believe that although the current real estate market recovery is still facing many disturbances and uncertainties, the trend of bottoming is gradually emerging. With the combined efforts of the policies of both the supply and demand ends, it will continue to create favorable conditions for the overall risk resolution of high-quality real estate enterprises and the industry, and will also play a positive role in protecting investor confidence and safeguarding the rights and interests of home buyers.

  Zou Lan, director of the Monetary Policy Department of the People’s Bank of China, said at the press conference of the State Information Office recently that considering that the supply and demand relationship of the real estate market in our country has undergone profound changes, there is marginal optimization space for the policies introduced in the long-term overheating stage of the market in the past, and the financial sector will actively cooperate with relevant departments to strengthen policy research.

The "Running Carnival" brothers joined hands with Jason, Angela Zhang and JJ Lin to open a summer carnival.

Video: "Running Carnival" Zhejiang Satellite TV sincerely dedicates the running men’s group to invite the audience to party with their old and new friends.

With the high-quality program content, Zhejiang Satellite TV’s Run Bar has not only topped the list, but also won the praise of major institutions and media such as People’s Daily, the Central Committee of the Communist Youth League, and the official Weibo of the United Nations, which has satisfied the audience’s appetite with its "running strength". With everyone’s earnest expectation, this Friday night’s "Run" finally ushered in the "Running Carnival" with increased and upgraded joy this season. At the scene, "Run" not only invites enthusiastic audience to experience the classic game of running men, but also brings wonderful song and dance performances with old and new friends Jason, Angela Zhang and JJ Lin. In addition, Xu Yaping, Tony, Jia Shukai and other "helping amateur friends" will also be present to bring surprise interaction. What sparks of joy will their arrival collide with "logging fatigue"?

Angela Zhang and JJ Lin, together with popular new forces, Chen Linong and Rocket Girls 101, made great surprises on the same stage.

Following the continuous exposure of the guest lineup of "Running Carnival" by the official Weibo of "Running", netizens expressed their "super expectation! Everyone has a good heart. " In order to give back to the audience’s love and support, we will bring you an "Amazing" carnival feast at the closing ceremony. This time, "Run" not only sincerely invited old friends Jason, Angela Zhang, JJ Lin and Joey Yung, who are powerful singers, to sing on the same stage, but also pleasantly welcomed new friends with super popularity, such as Mao Bubian, Rocket Girls 101 and Hot Blood Street Dance Troupe.

At the scene, Ryan and "Grandmother Zheng" Angela Zhang continued their pioneering work in the "Running Carnival" after the "Family Graduation Challenge" and performed wonderful interactive performances; Lu Han and the bloody street dance group "Steel King Team" used dance to burn this "running feast"; Michael Chen, who has always had a lot of golden sentences in the program, not only brought a hilarious talk show with "Sister Ju" Naomi, but also reviewed the happy moment of "attacking and defending and tearing famous brands" with Chen Linong as the incarnation of "Fat Fish". In addition, Rocket Girls 101, the most popular female group, will also show off her singing and dancing skills in surprise. In the face of such a strong guest lineup, whose performance do you want to Pick most?

The "sound-deaf team" was exposed. Jason and Angelababy actually collaborated again on "This is Love"

In addition to welcoming new and old friends, the "Running Carnival" will also announce the long-awaited unvoiced MV of the "Music Crazy Team". In "Run" and "Special Edition of Mid-year Fans’ Club", Jason and Jane Zhang, the powerful singers, once led the "Music Insanity Team" and "Teana Team" to record songs, and set off a nationwide Pick craze. Although the "Teana Team" finally lost and accepted the punishment announced by the whole network of unvoiced MV, many netizens were full of curiosity about the unvoiced MV of the "Tone Crazy Team".

At this carnival feast, Jason, the tutor of "Music Insanity Team", not only brought "the sound of nature" to the audience, but also collaborated with "Run Music Student" Angelababy on "This is Love" again. At the scene, the unvarnished version of the MV of the "Tone Insanity Team" was exposed by the program group. In order to prove the singing strength of the "Tone Insanity Team", Angelababy boldly proposed to cooperate with her mentor Jason on the spot "This is Love". Can Angelababy overcome "forgetting words and out of tune" and produce the "death treble" in Jason’s masterpiece This is Love? What "surprises" will the unvarnished version of the MV of the "Music Insanity Team" bring to the audience?

After enjoying the beautiful and pleasant song and dance performances, what other "running memories and killing" will "logging tired" offer together with the "running help group"? What surprises will the old and new friends of Run bring to us? The answers are at 16:00 on July 6th (Friday), "Run Happy Carnival Afternoon" and "Carnival Night" at 19:30. On this joyful day, let’s continue to run along with "logging fatigue"!

Huawei’s smart driving has attracted attention! A picture combs the concept stocks related to the intelligent cockpit.

[Huawei’s smart driving has attracted attention! Recently, Zhijie S7 opened for pre-sale, which is the first vehicle equipped with HarmonyOS Smart Cockpit 4.0, and HarmonyOS Zhixing Alliance will be established on the same day. It is reported that the main carrier of HarmonyOS Zhixing is the HarmonyOS cockpit. In the future, the functions of the intelligent cockpit will be more diverse, and the subdivision track including PCB, on-board display, domain controller, cockpit chip and optics and acoustics of man-vehicle interaction function is expected to develop rapidly.

After being cheated by a fake online celebrity, he pretended to be online celebrity to cheat others. A man was sentenced to three years in prison and fined 10 thousand yuan.

With the rapid development of network live stream economy, a large number of online celebrity have entered the public’s field of vision and gained attention and love. Some lawless elements, however, took advantage of the fans’ trust in online celebrity and started thinking wrongly. The reporter learned on the 3rd that Rugao court issued a public verdict on a case of impersonating online celebrity to defraud other people’s money. The defendant Liu was convicted of fraud, sentenced to three years’ imprisonment and fined 10,000 yuan.

Liu usually likes to kill time by brushing short videos. One day, he swiped a online celebrity named "Zhang San" on a short video platform, and found that this online celebrity has nearly 3 million fans. Usually, he posted videos showing off his wealth and helping others. Seeing that "Zhang San" was ready to help others, Liu also wanted to seek the help of "Zhang San", so he praised him and sent a private message. After that, a person who claimed to be "Zhang San" contacted Liu and said that he could help him, and sent him many videos of Zhang San’s personal life, videos of driving a luxury car and transfer records of helping others. After gaining Liu’s trust, the other party defrauded Liu of more than 1,000 yuan on the grounds of having to pay handling fees, deposits, taxes and fees.

After being cheated, Liu not only did not call the police, but also had a flash of light, thinking that this was a good way to make quick money. So, he packaged himself as online celebrity’s "Zhang San", searched for "prey" on the short video platform, and cheated others by the means of the fake "Zhang San". Through the "flexible use" of the words learned from the scammers, Liu defrauded the victims Li and Dai for 30,900 yuan, and was later arrested by the public security organs.

Correspondent Fang Nan Reporter Wang Yuli

[Edit:
Ji xiaohan
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Bao Shi: Write a good novel, and a director may come to you.

  Bao Shi’s collection of novels "Baizhuang" published in 2003 includes "The Story of Zizhou".

  □ Yangcheng Evening News reporter Zhu Shaojie

  Recently, director Zhi Li signed a contract with writer Bao Shi, and reached a consensus on adapting Bao Shi’s novel The Story of Zizhou. The two sides will jointly make a film of the same name. The Story of Zizhou is a literary IP with great market value (which can be used to adapt the copyright material of TV series and movies). In August 2006, it won the seventh "Guangdong Luxun Literature and Art Award and Literature Award".

  In an exclusive interview with Yangcheng Evening News reporter, Zhi Li said that Bao Shi’s The Story of Zizhou made him read the characteristics of an era and a generation. The novel tells the story of an ordinary boy: a father who is rich in knowledge but poor, a beautiful and capable mother who loves money but is cold, and a 12-year-old boy can’t tell who is right or wrong. After his father died of illness, he went from the city to the town alone, went to his grandfather alone, and decided not to go back … … Zhi Li believes that The Story of Zizhou is a China version of Green Book, which tells the collision between rural and urban values in China. "Looking at the world of adults from the perspective of children is the uniqueness of this novel." He told reporters that the sincere feelings of three generations of grandfather, son and grandson in the novel made him cry twice.

  Zhi Li saw The Story of Zizhou through a friend’s introduction seven or eight years ago, and he was already very interested in the story. He believes that China films need to speak with content. "Today, the audience in China has become rational, and creators need to use good stories to achieve a double harvest of art and market." Although Bao Shi’s story is very delicate, there is still room for adjustment in film expression. Zhi Li said that he and his team are currently adapting The Story of Zizhou, hoping to start from the original story and bring out thoughts on social values.

  The Story of Zizhou is a companion piece of the film My Father and Mother. Bao Shi’s novella "Memorial" was adapted into the film "My Father and Mother", and the film won the Silver Bear Award at the 50th Berlin Film Festival, the Excellent Film Award at the China Film Watch Award in 1999, the Best Film Award at the 23rd Hundred Flowers Award, the Best Film Award at the 20th Golden Rooster Award, the Excellent Feature Film Award at the Shanghai Film Critics Award, the Sundance Film Festival Award in the United States and the Amethyst Award at the Iranian International Film Festival.

  It is reported that the film "The Story of Zizhou" will start at the end of this year and be released in 2020. Bao Shi accepted an exclusive interview with the reporter of Yangcheng Evening News. He said that the novel "The Story of Zizhou" was written for intellectuals of this era and reflected the historical brand of an era.

  Interview A wants to write about the situation of intellectuals.

  Yangcheng Evening News: What is the opportunity for this adaptation of The Story of Zizhou into a movie?

  Bao Shi: It has been 20 years since The Story of Zizhou was published. To be honest, it surprised me a little. In March this year, director Zhi Li approached me through a friend and asked about the purchase of the novel copyright. Soon he came to Guangzhou to sign the contract. When we first discussed it, the director also suggested that I be a screenwriter. For the sake of health and time, I declined and suggested that he hire someone else to be a screenwriter. Another factor is that I don’t want to be involved in this story again. The same thing made me do it for the second time, and I lost interest.

  Yangcheng Evening News: What kind of work is the Story of Zizhou in your creation?

  Bao Shi: This work was created in the 1990s, and it was published back and forth with the original "Memorial" of My Father and Mother. I hope to write about the situation of intellectuals at that time, including their living conditions, mental state and so on, through the story of Zizhou. The Story of Zizhou is just a shell, the core of which is to express and discuss the embarrassment of cultural people in society. They have neither money nor power, but they are particularly "stubborn". After the novel was published, it was included in one of my collections. When some friends saw it, they all said it was well written, and some even cried for it. Director Zhi Li told me that he was also very moved when he read this novel. I guess it was the emotion in this story that touched him.

  In this story, Zizhou’s father works in a group art museum and writes novels in his spare time. Life is poor and stubborn, and no one around him likes him. His classmates and friends, including his wife, don’t take him seriously In his hometown, a small town, people’s attitudes towards him are quite the opposite. Many people in the town, including his first lover, think that he can write novels and publish articles in newspapers and periodicals, which is very promising. I just want to show such a phenomenon through such a comparison. I don’t know what this phenomenon can mean.

  Being able to talk and feel is the premise of my cooperation with the director.

  B

  Yangcheng Evening News: What do you think of the role of the novel author in the film adaptation?

  Bao Shi: Film is the art of directors, and it is director-centered. As an original author or a screenwriter, you may have to obey the director’s feelings when creating. This is one of its characteristics. Then the author must understand this. But this is not to say that there is no author’s own voice. If you cooperate with a good director, and the director and the screenwriter respect and inspire each other, the screenwriter can provide better things to the director. The director has a vision and will recognize these things, which will add color to the work. If he meets a bad director, he will not adopt the writer’s good idea. In fact, there is nothing the author can do.

  Yangcheng Evening News: How did you choose the director? How to cooperate with the director?

  Bao Shi: According to my limited experience, it mainly depends on whether I can get along with the director. Being able to talk and have feelings is the premise of cooperation. Actually, I didn’t take the initiative to write a movie script. Since "My Father and Mother", others have been looking for me. All along, I have been writing novels at my own pace and from my own heart, and I have never thought of adapting them into movies. After "My Father and Mother", some directors came to me, and some of them were quite well paid, but I basically refused because I couldn’t talk properly and didn’t feel anything. Later, I only cooperated with director ZhangJiaBei in two films. One is Cherry, which was released and won several awards. ZhangJiaBei, an overseas Chinese in Japan, made a film in Japan, and once made a pottery humanoid, which had a certain influence. That year, he called me from Japan and wanted to shoot a story about mother’s love. Because he saw My Father and Mother, he thought I could write this story well, so he came to me. I didn’t say yes right away. I suggested to him that we’d better meet and talk, and then decide whether to cooperate or not when we feel it. Later, when he came back from Japan, we met in Shanghai and talked for a few days. I felt a little bit, so I wrote him "Cherry". The second film was called "Wind in the Sky" and was not released.

  Yangcheng Evening News: Novelists write sharply about the complexity of human nature in their works, but they may not be able to fully present it in movies. What do you think of this trade-off?

  Bao Shi: Generally speaking, novels are richer than movies. Novels are expressed in words, so there is a lot of room for imagination and tossing and turning, which can fully express the author’s own feelings. For example, when describing the beauty of a woman, you can imagine her beauty infinitely. Film is a weakness in this respect, because it fixes what you imagine. But its performance is very direct and intuitive. Therefore, some of the contents in the novel can’t be fully presented by the film, but it can only be said to be a regrettable art. But a good movie, it will express the words to the greatest extent possible. Classic movies can generally do it.

  On the other hand, words may not be able to do what is to be expressed in movies. For example, a very classic expression may not be able to say many words. So my understanding is that literature and film have their own strengths. Now there are some people who write novels and despise film creation. I don’t agree with this view. When a movie was made, it was made with real money. The adaptation of literary works into films also requires strict screening. He (the director) should either consider the box office factor or the possibility of winning the prize. Of course, the level of film production is mixed, but there are also rubbish writers in the writers’ team. Therefore, you have no need or qualification to despise other art categories. To put it another way, the writer’s works are published, published and then adapted into movies and TV series, which objectively plays the role of promoting literary works. Why not? So there is no need to refuse it.

  Young writers are not advised to write movies and TV scripts as soon as they come out.

  C

  Yangcheng Evening News: Novelists and literary works play an important role in the development of China’s film creation. On the other hand, film directors often complain that there are too few good scripts and stories. What do you think of this?

  Bao Shi: Most excellent films are full of characters and profound thoughts, all of which are adapted from literary works. This is already a consensus. Novelists can only write a good novel when they mobilize their rich life accumulation and work hard. When such a novel is to be adapted into a movie, its connotation and details are naturally much better than other scripts. Rather than film scripts adapted from excellent novels, most of them come from professional screenwriters. There is often a problem in the scripts they write — — The fabricated traces are heavy and make the audience feel fake.

  This phenomenon was very obvious in the 1980s.

  Professional screenwriters may pay too much attention to the plot, which is a prominent problem for them. Screenwriters and writers are actually two different ways of writing novels. Now the film, in fact, has a routine, forming a routine. But a good novel can’t fall into any routine, nor can it be repeated with any works.

  Yangcheng Evening News: Many young writers now want to be screenwriters. What do you think?

  Bao Shi: From my limited experience, I don’t recommend writing movies and TV plays as soon as I come out, because the success rate is relatively low. The output of movies is actually very limited, and the cycle is relatively long. There are only a few well-known directors. From the very beginning, I think it’s risky to write a script. From the most practical point of view, I suggest writing a novel first. It’s more likely that the novel will be published. With so many publications in China and almost no threshold online platforms, it’s relatively easy to publish a novel. Writing a movie is different. It’s better to write a good novel first. When a good novel comes out, a director may come to you.

The furniture county is "slightly changed", and the annual sales of billiard tables is 1 billion yuan.

A small county town, with so many factories producing billiards tables, has come to the right place. "Not long ago, Jess Zhang, a Guangzhou businessman who attended the first furniture exhibition in Ningjin County, didn’t hurry back, but went to several local enterprises and was shocked by the billiard table industry in Ningjin County. These enterprises include old brand furniture factories and sports manufacturing enterprises that have developed and expanded in recent years, freeing up some space and equipment in the workshop to produce solid wood billiards tables.
The number of billiard table-related enterprises ranges from 0 to more than 420, and the annual sales amount ranges from 0 yuan to 1 billion yuan. Ningjin County only used it for 3 years. The rise of billiard table industry is related to the two traditional manufacturing industries of sports and furniture in Ningjin County. After 30 years of development, the annual output value of Ningjin furniture industry has exceeded 10 billion yuan, and commercial fitness equipment also accounts for nearly 70% of the national market share. The "one gold and one wood" industry has become the basis for the rapid rise of billiard table manufacturing.
Advertising signs of "billiard table factory" and "billiard table processing" can often be seen on the roadside in Ningjin County. The earliest Ningjin enterprise that produced billiard tables was Ouguan Sporting Goods Factory, which not only produced fitness equipment, but also produced commercial furniture. In 2020, a local customer in Ningjin County wanted to open a billiards club, so he found Li Xiaolong, the head of the Champions League Sporting Goods Factory, and asked him to accompany him to other provinces to buy billiards tables. But two people turned a big circle, either the price was high or the quality was average. "I can understand how to make it. I’ll make one for you." Li Xiaolong said. Li Xiaolong has many years of experience in the production of solid wood furniture. He found that the production of billiard tables is not so complicated. Using the existing materials, equipment and workers of his own company, "small changes" can be made.
A month later, the first billiard table in Ningjin County was produced: the main raw material was oak, the most commonly used solid wood furniture in Ningjin, and the metal fittings and net bags were purchased from other places. The production equipment was basically the same as the furniture processing equipment. After the billiards table was made, they invited seven professional billiards players from the province to try it out. "The evaluation is very good and can be promoted abroad." After receiving the feedback from the first customer, Li Xiaolong began to look for dealers and seek cooperation with well-known domestic billiards table brands. 1, 5, 10 … Orders are increasing. He introduced that last year, the factory purchased an edge grinder, which significantly improved the production efficiency.
In 2022, more local enterprises joined the production of billiards tables. With the expansion of industrial scale, merchants from all over the world flocked to the market, and supporting products such as hardware parts and components gradually realized local purchase. "Billiard tables are also sports equipment, and hardware products are also our strengths. I just found a factory and am going to put on a billiard table production line." Wang Ying, sales manager of Shuyoute Fitness Equipment Co., Ltd. said.
At present, the billiard table industry in Ningjin County is developing rapidly. Yang Jingdong, secretary-general of Ningjin Furniture Association, said that despite the industrial foundation, there are still many problems, such as uneven quality, which will affect the reputation of the industry; In addition, enterprises "cluster" production, although the products are exported to all parts of the country, but did not form a well-known brand, low added value.
How can we go further and longer? Ningjin County decided to make a fuss about the influence of the products, and created the opportunity of "publicity" for the billiards table in Ningjin County. In the furniture exhibition, the local billiards table was pushed to the dealers in various provinces, and the "Ningjin Cup" Chinese billiards classic competition was held.
"If you want to be prosperous for a long time, you can learn from the development model of Ningjin furniture: fight for the market with innovation and brand with quality." Zhang Jianjie, deputy secretary of Ningjin County Committee, said that it will guide production enterprises to continuously optimize production processes, promote intelligent transformation of production lines, improve product production standards, and encourage enterprises to develop in the direction of autonomy and branding.
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