Foton Motor: Release the financial business risk disposal plan.

On January 10th, the financial sector reported that Foton Motor announced that in order to effectively prevent, timely control and resolve the financial business risks of the company and its holding subsidiaries in BAIC Group Finance Co., Ltd. and ensure the safety and liquidity of funds, the financial business risk disposal plan was formulated. The financial business risks in the plan include deposit risk, credit risk of financial companies, compliance operation risk and reputation risk. The Company has set up a leading group for financial risk prevention and disposal, which is responsible for the prevention and disposal of the risks of funds associated with the Company and financial companies. The leading group is headed by the chairman of the company, with the chief financial officer as the deputy head. Other members include the secretary of the board of directors, the heads of the financial planning department, the audit department, the legal department and the financial management department. The office of the leading group is located in the financial planning department, with the company’s chief financial officer as the office director and the chief financial planning officer as the deputy director, responsible for timely monitoring and evaluating the financial company’s business qualifications, business and risk status, and starting the emergency response plan according to the emerging risk status.

"Back to Nantian" is coming? The Meteorological Observatory responded … You can still see this star in fine weather!

The recent Guangdong has puzzled the friends.

Look at the red feather shirt, thinking it’s still autumn.

Seeing the fog, I thought it was spring.

Look at the plum blossoms in full bloom, a scene of winter.

Look at the sunshine, it’s so hot that long sleeves are rolled into short sleeves.

Shuttle freely in spring, summer, autumn and winter

Guangdong goes online in rainy and foggy days

"Back to Nantian" came early?

According to the forecast of Guangdong meteorological department on January 8,

Affected by weak cold air with precipitation

From now until the 11 th, Guangdong may appear

The effect of "false return to the south sky" in clouds and fog

But this weather effect is not a warm and humid air counterattack.

Cause that dew point temperature of the air to be higher than the ground temperature.

So it’s not really "going back to the south"

Rainy and foggy weather may lead to poor visibility.

Pay attention to traffic safety.

It is estimated that due to the supplement of weak cold air, the temperature in the whole province will drop slightly again from today to 11, and it will be cold in the morning and evening.

Cold air arrival

What will the weather be like in Foshan in the future?

Today, weak cold comes as promised.

There will still be cold air supplement in the next two days.

Mainly cloudy

It’s cold in the morning and evening and warm in the daytime.

I suggest you dress in onion style.

Specific weather forecast in Foshan

January 11th: cloudy and cloudy, 14℃ ~ 22℃;

January 12: cloudy, 15℃ ~ 24℃;

January 13th: cloudy and cloudy with light rain locally, 14℃ ~ 21℃;

January 14th: cloudy with scattered light rain, 14℃ ~ 20℃;

January 15th: It will be cloudy and sunny, 15℃ ~ 24℃.

Weak cold air is active

Guangdong maintains cool and warm weather for a while.

The temperature rises and falls

People’s thermoregulation function is difficult to adapt.

It is necessary to strengthen warm-keeping measures and maintain a healthy diet.

Don’t let the flu take advantage of it

The best time to watch mercury

Mercury will welcome the first westward distance in 2024.

As the innermost planet in the solar system, Mercury will have seven large distances this year, of which the first large distance to the west appears on January 12th, and the 13th is the best time to watch Mercury in Foshan from 6: 26 to 46. If the weather is fine, citizens can look for the beautiful figure of Mercury with their naked eyes or binoculars at low altitude to the east during this time.

Original title: "Back to Nantian" is coming? The Meteorological Observatory responded … You can still see this star in fine weather! 》

Read the original text

What’s the weather like on New Year’s Day holiday? Travel must see.

  CCTV News:Pay attention to the weather during the New Year holiday. According to the news of China Meteorological Bureau yesterday, during the New Year’s Day holiday in 2018 (December 30 to January 1), most parts of the country are mainly sunny and suitable for travel; There will be rain and snow in parts of the northeast and southwest, and strong winds and cooling may occur in the central and eastern regions due to the influence of cold air.

  

  The Central Meteorological Observatory predicts that during the New Year’s Day holiday in 2018, most parts of the country will be mainly sunny and suitable for travel; There will be rain and snow in parts of the northeast and southwest, and strong winds and cooling may occur in the central and eastern regions due to the influence of cold air.

  During the period, on the 30th, due to the influence of cold air, the temperature dropped by 4 ~ 8℃ from west to east and from north to south in eastern China, and it was 10℃ in some areas. There are 4 ~ 6 northerly winds in the Yangtze River and most of its northern areas; From 31st to 1st January, there was light snow in the eastern and northeastern parts of Inner Mongolia, with moderate to heavy snow in the eastern part of Northeast China. There is light rain (light snow at high altitude) in southwest China, western South China and western Jiangnan, and precipitation is scarce in most other areas.

  Cold air strikes: the smog in Huanghuai, North China will improve, and there is moderate to heavy snow in the northeast.

  The Central Meteorological Observatory predicts that the foggy and hazy weather in North China, Huanghuai and other places will be the heaviest in this round on the 29th.The Central Meteorological Observatory issued a foggy orange warning at 6: 00. On the 30th, affected by cold air, the air quality began to improve. As the cold air continues to move southward, the areas with high temperature in China will gradually return to normal level.

  When cold air strikes, the smog will gradually weaken from north to south.

  This morning, some parts of Beijing were caught in heavy fog, with low visibility, and some expressways were closed for a time. In Shandong, at 6 o’clock this morning, the Shandong Meteorological Observatory issued a foggy red warning. In some areas of Liaocheng, Dezhou, Binzhou, Dongying, Jinan, Zibo, Weifang, Jining, Zaozhuang and Rizhao, the visibility is less than 50 meters.Affected by bad weather, as of 9: 00 am, more than 300 toll stations of G2 Beijing-Shanghai Expressway, G20 Qingyin Expressway and other expressways were temporarily closed.

  In addition, from the morning of the 29th to the 30th, the atmospheric diffusion conditions in central and southern North China, Huanghuai, Jianghuai, Jianghan and Sichuan Basin were poor, with mild to moderate haze, with severe haze in central and southern North China, central and western Huanghuai and Jianghan. Since the 30th, the North China Plain, Huanghuai and other places have been affected by cold air, and the atmospheric diffusion conditions have gradually improved.Haze weather gradually weakens and dissipates from north to south, but due to the influence of upstream transportation, haze will be aggravated in parts of Huanghuai, Jianghuai, Jianghan and northern Jiangnan.

  Meteorologists reminded that due to the fog and haze weather,If the public has a travel plan, it is necessary to plan the driving route in advance and check the accessible sections. The public should wear masks and hats when going out. Try to minimize outdoor sports and exercise in haze weather. Wash your face in time after returning home and wash your mouth and nose with normal saline. In some areas, visibility is low due to fog. When driving, you need to turn on fog lights, slow down and pay attention to pedestrians.

  Tomorrow and the day after tomorrow, there will be heavy snow in eastern Jilin and precipitation in southern Jilin will end, and the temperature will drop.

  On the 27th, due to the influence of cold air, there were heavy snowstorms along the Tianshan Mountains in northern Xinjiang. Monitoring shows that at 8: 00 am on the 28th, the snow has reached 36 cm. In addition, snowflakes also appear in western Qinghai and eastern Liaoning.

  The Central Meteorological Observatory predicts that there will be light snow or sleet in northwestern Xinjiang, central and eastern Qinghai, northern Sichuan Plateau and central Shandong from 08: 00 on December 29 to 08: 00 on December 30. There are small to moderate rains in the eastern part of Southwest China, western Jiangnan, western South China, central and eastern Hainan Island and parts of Taiwan Province.

  Tomorrow and the day after tomorrow, there will be a large range of snowfall in eastern Inner Mongolia, Jilin and Heilongjiang, especially in eastern Jilin.For the snow-poor area of Beijing, Tianjin and Liaoning, there is still basically no possibility of snowfall in this cold air activity. With the southward movement of cold air, it will still be rainy in Jiangnan and western South China tomorrow, but the intensity is generally not strong, mainly light rain, with moderate rain in the local area. It will generally clear up the day after tomorrow, but the air will become dry again.

  Meteorologists reminded that,There will be snowfall in Northeast China, Inner Mongolia and other places tomorrow and the day after tomorrow. The public should be careful about road snow and ice, and be careful when crossing the road. Affected by cold air, the temperature in most parts of the country will drop again. The public should pay attention to cold and warmth, and be careful of catching a cold.

On New Year’s Day holiday, holiday markets around the country ushered in the peak of consumption, which became the key words.

Original title: Festival markets around the world are welcoming the peak of consumption, which is hot and prosperous.

During the New Year’s Day holiday, the holiday markets in various parts of China gradually warmed up, and people visited large collections and bought new year’s goods, which ushered in the peak of consumption everywhere.

At the end of the year and the beginning of the year, consumer activities such as the New Year Shopping Festival in Ningbo, Zhejiang Province have been carried out one after another. The major supermarkets and farmers’ markets have rich varieties and sufficient quantities of new year’s goods, and there are all kinds of special new year’s goods in various places. The authentic seafood in old Ningbo, such as yellow croaker and snail, has attracted many customers to stop and choose, and has become a hot spot for citizens to buy. Special foods such as oil zanzi and frozen rice candy carry many citizens’ childhood memories.

Ningbo citizens: It’s almost the Spring Festival. Come here to buy some new year’s goods, such as rice fat candy, braised bamboo shoots and yellow cakes, which my mother especially likes. You can buy them here.

With the approach of New Year’s Day, the flower market in Luzhou City, Sichuan Province ushered in the peak sales season. Flowers of various colors, such as Chinese rose, longevity flower, lucky strike, etc., are competing with each other, and flowers are hung with greetings such as "Happy New Year" and "Happy Family", and the breath of the New Year is blowing. Kumquat, cyclamen, Ilex verticillata and other flowers with bright colors and beautiful meanings are more popular.

In the New Year Street of Ji ‘an Trade Plaza in Jiangxi Province, holiday goods are dazzling, and stalls selling festive items such as dragon year element ornaments and couplets are particularly festive and eye-catching, attracting many citizens to stop and buy.

In addition to festive decorations, the flower market has also ushered in a prosperous period of sales.

As the New Year approaches, Fujian has issued policies and measures to expand consumption, and all parts of the province will simultaneously launch the theme promotion activities of "Spring Festival in New Year’s Eve". Provinces, cities, counties, political and banking enterprises will jointly carry out more than 3,000 online and offline activities, and issue more than 150 million yuan in coupons and consumption subsidies, which will promote the preferential benefits of all parties to more than 1 billion yuan.

During the New Year’s Day, the consumption of the tourism market was strong, and various activities and new scenes were launched to attract tourists. Wawu Mountain Scenic Area in Meishan, Sichuan Province has innovatively developed new consumption scenes such as starry campsite and hilltop coffee, which provides different choices for visiting the objective sea of clouds, enjoying the sunrise and experiencing the southern ice and snow world.

[Source: CCTV]
Reporting/feedback

48 China brands have entered the list of "Top 500 World Brands".

Beijing business today News (Reporter Jin Chaoli Cheng Liang) Recently, the World Brand Lab’s 2023 Top 500 World Brands list was announced, and 48 China brands entered the list of Top 500 World Brands. At the same time, 35 leading brands such as China Air China, Changhong and Haier Zhijia were selected as "2023 China Brand of the Year Award".

According to relevant analysis, the outstanding performance of domestic enterprises in brand first comes from continuous technological innovation and brand innovation, and constantly injects connotations such as fashion, trend and intelligence into brands, and promotes brand rejuvenation and upgrading, thus building their own industrial ecological moat.

According to the data, the "Top 500 World Brands" is judged on the basis of the brand’s world influence. The so-called brand influence refers to the brand’s ability to open up the market, occupy the market and make profits. According to the three key indicators of brand influence, namely, market share, brand loyalty and global leadership, the World Brand Lab comprehensively scored more than 8,000 famous brands around the world, and finally launched 500 most influential brands in the world.

Fashion: Meaning and Significance

Fashion is a highly unstable term because it enters the market and disappears. However, some fashion designs come and go for a long time, while others come and go in a few weeks. Therefore, short-term fashion design is an example of fashion.

Fashion literally means: a strong passion for something or a strong and widely shared interest in something, but for a short time. For example, suppose you are obsessed with learning piano, so you buy an expensive piano, attend a famous music school and pay a non-refundable fee for one year. But in the next few weeks, all your enthusiasm for learning piano disappeared, and you left everything. This means that your interest in learning piano has faded.

Fashion is the latest and most popular style in clothes, dresses and behaviors, but the time is short. For example, some fashion designs or behaviors inspired by movies, or celebrities who wear them in fashion shows or parties or in any leisure way, have become popular within a few days. Everyone wants to have this design, but in the next few weeks, people forget it and turn to new fashions. Similarly, the beginning of fashion is very exciting and inspiring, but its journey is very short.

The success or failure of any fashion design or trend depends on many factors, including who designed it, what brand it is, who is/is promoting it, how it is advertised, how society reacts to this fashion trend, the price range of clothes, and so on. However, among them, social acceptance is the most important, which is guided by different motivations that emphasize people’s values and behaviors.

In today’s technologically advanced world, fashion is only a matter of a few hours. This is the world of social media platforms, and someone or something can become popular at the fingertips in a few hours. But how durable is this popularity? It depends on the fashion design and the quality and attractiveness of the fabric.

The consumption culture in today’s world is driven by their desire to own it, which eventually shortens the gap between the rich and the economically turbulent class. So, if they like it, they want to have new fashionable dresses. There are many such examples in today’s world. If you look around, you can easily find people who spend two or three months of their wages on luxury goods that are actually not needed at all.

What is the reason why you suddenly like fashion design and then suddenly don’t like the same design?

In this digital world, touching things with fingers has become popular, and it is really easy to trend fashion design by using different social media platforms. Therefore, if a particular fashion design is endorsed by a big brand, or/and advertised by top movie stars with millions of fans, in this case, under the influence of favorite stars, consumers will not pay too much attention to product quality and price. They just buy it. But within a few days, when people began to use it, they realized the quality, price or comfort of the design. Last but not least, the social response to a particular design. Moreover, if such a reaction is negative, its demand will suddenly drop.

In addition, the pure fact is that no fashion design enters the market forever. In fact, every fashion design has life; Some have a long life span, while others have a short life span. Fashion is a part of a short-term trend, which begins to be popular quickly and then fades out of the market in a short time.

The situation of hegemony between Shanghai Harbor and Shandong Taishan shows the potential of China football.

Football in China has always been an important part of domestic sports. However, due to historical and practical reasons, the development of football in China still faces many challenges and difficulties. In this context, the hegemony between Shanghai Harbour and Taishan Mountain in Shandong Province and the outstanding performance of Taishan U21 in U21 League all show the hope and potential of China football.

First of all, the hegemony between Shanghai Harbour and Shandong Taishan is a highlight in China Football League. The two teams showed great strength and competitiveness in this season’s league tournament, which kept the suspense of the championship until the final round. This competitive pattern not only improves the appreciation and attraction of the league, but also promotes the investment and attention of clubs in the introduction of players and the construction of coaching teams. This healthy competitive environment is very beneficial to the development of football in China.

Secondly, Taishan U21′ s outstanding performance in U21 League also shows the future of China football. This young team showed excellent technical and tactical level and teamwork ability in the competition, which made people have a deeper understanding of the strength and potential of young players in China. These young players not only represent the future of football in China, but also are an important force for the internationalization of football in China.

However, the development of football in China still faces many challenges and difficulties. Among them, the most prominent problems are the low popularity of youth football, imperfect infrastructure construction and irregular management of professional leagues. Therefore, we need more attention and input to promote the development of football in China.

First of all, we need to strengthen the popularization and training of youth football. This requires not only the clubs to strengthen the youth training system, but also the support and participation of all sectors of society. Only by letting more children get in touch with and like football can we cultivate more excellent players.

Secondly, we need to strengthen infrastructure construction and improve the quality and quantity of football venues. This requires not only the support and input of government departments, but also the participation and contribution of all sectors of society. Only by building more high-quality football venues can more players have a better training and competition environment.

Finally, we need to strengthen the management and standardization of professional leagues. This requires clubs to strengthen their internal management and improve their operational level, as well as the support and supervision of relevant departments. Only by establishing a standardized league management system can professional leagues develop more healthily and orderly.

In a word, the development of football in China needs more attention and investment. Only through the joint efforts and support of the whole society can football in China achieve better development and make greater contributions to sports in China.

Beauty dilemma: it starts with the flow and stops at the product.

Chupin, 21st Century Innovation Capital Research Institute

With the rise of Z generation and social platforms in China, in the past two or three years, a large wave of e-commerce has appeared in the outlet of new consumption, and countless new consumer brands have sprung up. With the help of online celebrity’s new traffic portal, through cooperation with Li Jiaqi, Viya and massive Xiaohongshu KOC, it seems that the brand has become popular and "out of the circle" overnight.

Behind the rapid rise of domestic beauty is the blessing of capital. According to the "2021 Beauty Industry Trend Insight Report" released by CBN Data, in 2020, the beauty industry disclosed that the investment and financing amount was 4.812 billion yuan, a growth rate of 324% compared with 1.135 billion yuan in 2019. With Dongfeng, Perfect Diary and Winona’s IPO, Winona’s parent company Betaine (300957) went public in March this year.

Starting with flow

Back in 2016, Huang Jinfeng just stepped down from Yu Nifang and established Yixian E-commerce (YSG.N). The company name is Huang Jinfeng to pay tribute to his alma mater, Sun Yat-sen, and Chen Yuwen and Lu Jianhua, the co-founders of FMCG brand, are friends of Huang Jinfeng’s college classmates for many years. Zhang Lei of Gaoyan Capital once asserted that China must have a chance to give birth to a new L ‘Oré al, but is the "new L ‘Oré al" a perfect diary? Perhaps it is still open to question.

Undoubtedly, the capital blessing of the "golden owners" has provided it with a steady stream of power. Since March 2017, Yixian E-commerce has launched the first perfect diary of cosmetics brand. With its cost-effective products featuring "big brand replacement", it has a consumer group that meets its positioning among many high-end brand cosmetics. Whenever users have complaints about the experience of perfect diary products, there will always be something like "only a few tens of dollars, what else do you want!" Comments. In a short period of three and a half years, Yixian E-commerce has completed seven times of financing and gone to IPO, and the capital lineup behind it is also extremely luxurious, including Gaoyan Capital, which holds 13.8%, Zhenge Fund, which holds 10.5%, and Gaorong Capital, which holds 9.2%, as well as many big-name investment institutions such as Boyu Capital, Tiger Global and Sequoia China. It has been revealed that in last year’s round of financing, "new shareholders came in by grabbing, otherwise they were done by old shareholders."

Obviously, the business model of Perfect Diary is the most typical "Internet play" in recent years. It was pushed to the market after relying on funds to seize the market crazily, and its fast-moving speed is also a "double-edged sword". According to the national enterprise credit publicity information system, there are 38 patents of Perfect Diary (Yixian E-commerce), all of which are appearance patents, and there is no core R&D patent information such as component technology.

From 2018 to 2020, the sales and marketing expenses of Yixian e-commerce were 309 million yuan, 1.251 billion yuan and 3.412 billion yuan, respectively. The overwhelming advertisements revealed the new generation of consumers’ cognition of the perfect diary. In fact, spending money on marketing has achieved a lot. Generation Z has gradually become the main force of consumption. Nowadays, brands can quickly establish consumers’ minds and brand awareness by using the effects of online celebrity and stars. Packaging theme design with "ingenuity" and "face value" and cross-border joint names can quickly capture consumers’ hearts. In the beauty track, cross-border joint products have exploded in just three years, with a growth rate of nearly three times.

The turning point occurred in February 2018. The keen marketing team of Perfect Diary found that many users published brand color testing and grass planting content on Little Red Book. Planting grass on the surface is actually dark and wide, which makes Perfect Diary see the possibility of new users’ growth. The data shows that in June 2017, the number of users of Little Red Books was only 50 million, but it surged to 100 million yuan in March of the following year, and the user activity was close to 30 million, three times that of a year ago. Perfect Diary rode the express train of Xiaohongshu, and the sales volume was singing all the way.

Product dilemma

However, beauty brands have to speak with products after all. Despite the large number of new products on the Perfect Diary, there is still no impressive and timeless big single product. On the cost side, big single products do not need to be upgraded repeatedly, which is difficult to be eliminated and does not require high new product promotion fees. However, the money of the perfect diary is spent on advertising, and the product research and development that needs real money most is far from enough. Perfect Diary’s R&D expenditure in 2020 is only 67 million yuan, accounting for 0.93% of revenue. In 2018 and 2019, it is only 3 million yuan and 23 million yuan.

As a result of the lack of research and development, although the products are dazzling, they have always changed their forms and the repurchase rate is not optimistic.According to the data of CICC Research Institute, after trying to cooperate with Xiaohongshu, Tik Tok and KOL, the sales of Shiseido, L ‘Oreal and Estee Lauder all increased by more than 60% in 2020, while the sales of Perfect Diary increased by only 22%. In addition, another major "injury" of Perfect Diary is its low gross profit, which positions the brand as "big brand replacement", but its gross profit margin is 10% to 20% lower than that of Estee Lauder and Huaxi Bio. If you want to break the dilemma of low gross profit, the simplest and most direct way is to raise the price, but rashly raising the price will inevitably affect the biggest "advantage" of the perfect diary-cost performance. Therefore, Perfect Diary came up with the method of "reducing the quantity without reducing the price". Under the condition of normal lipstick net content of 3 to 4 grams, the "small heel" lipstick is only 0.8 grams.

At present, there are more and more enterprises on the national makeup track, and with the extrusion of foreign competing products, "cost performance" is no longer the most important cornerstone for domestic products to break through. At the moment when market recognition is increasing, quality is the goal that domestic beauty brands need to pursue.

Today, the domestic beauty industry has a perfect supply chain and industrial chain, which provides a very fertile soil for domestic brands to go to sea.According to CBNData’s "2021 Beauty Industry Trend Insight Report", Guangzhou has become a well-deserved incubator for new beauty consumer brands.According to the report data, nearly three-quarters of Tmall sellers in Guangzhou are mainly engaged in "face value industry" such as beauty care, which is 1.6 times of the national proportion; Guangzhou has more than half of the number of domestic cosmetics companies filing.In the past three years, the sales of Guangzhou beauty and skin care brands on Tmall platform have nearly tripled, such as Perfect Diary, Flower West, Tangduo, Zhiben and Runbaiyan.

Obviously, the biggest possibility for domestic brands to choose to go to sea is that their domestic losses are serious, and they urgently need to open up new markets and take international routes to raise prices for future research and development of high-end products.With the listing of Yixian e-commerce, I once said that I would take the perfect diary of domestic brand Thorn Road. The best interpretation of going out to sea is to try to acquire international brands and then turn to high-end market development.On October 30, 2020, Perfect Diary announced that it had reached an agreement with Pierre Fabre Group of France to acquire its high-end beauty brand Galénic;; On March 2, 2021, Perfect Diary said that it had reached an agreement with Manzanita Capital, a venture capital institution headquartered in London, to acquire its high-end skin care brand "Hermes in makeup remover" Eve Lom.The successive high-end acquisitions have made Perfect Diary’s cash flow tight. According to the annual report, the net cash flow generated by Perfect Diary’s annual business activities in 2020 was 983 million yuan.

At present, the most popular beauty products are lipstick, eye shadow and blush. According to the data of China Commercial Industry Research Institute, the export volume of beauty cosmetics and toiletries in China in 2020 is 999,000 tons, up by 4.3% year-on-year. With the help of e-commerce brands such as Tmall and Amazon, it is easier for new brands to go to sea.

In the future, it is still unknown that the perfect diary plan will cost billions of dollars in marketing expenses. However, when the heat and sales shine, will the perfect diary develop "luminous" products that will make the market refreshing?What consumers are more concerned about is how to gain a foothold in the market where new products are repeated after eating the perfect diary of traffic bonus.

The product business model of Perfect Diary is DHC, that is, Direct to Customer. In the list of foundries published in Perfect Diary, Ying Teli, Kosmeishi, Shanghai Zhenchen, etc. are all foundries of internationally renowned big-name nature halls, Polaiya, Dior, Chanel and Maybelline. With years of OEM experience,These foundries also have both design and R&D capabilities. It is not difficult to understand that behind the endless stream of new products, the R&D expenses account for only 0.9%.What will be the next step of the perfect diary under the loss? Obviously, the product quality of Perfect Diary can’t compete with the same brand, but the price is in an awkward position of "more than enough, more than enough". Consumers are paying for its "eye-catching" theme and packaging, and the name of "ZARA in beauty industry" is well deserved.

Although the performance of Marubi Co., Ltd. (603983) does not rely too much on marketing, it is also labeled as "single product". Marubi Co., Ltd. has three brands: Marubi, Chunji and Love Fire, and its core brand and revenue force are Marubi, which accounts for more than 90% of the company’s total revenue all the year round.

The advantage of Marumi lies in the solid foundation of its inherent customers. Since 2017, Marumi’s net interest rate has always remained between 20% and 30%, and Polaiya (603605) has also remained above 10%.

Track change

It is not easy for Marubi to cultivate high-end products and face the fierce competition in the cosmetics market with high gross profit margin when only Marubi brand stands out.Marubi’s gross profit margin in the first quarter of 2021 was 63.91%, which was 2.29 percentage points lower than the 66.20% at the end of 2020. Compared with the gross profit margins of benchmark enterprises Polaiya (64.09%) and shanghai jahwa (64.56%) in the first quarter of 2020, Marubi no longer has the advantage of high gross profit margin.

At the moment when the explosion of beauty products has sprung up, Marubi shares urgently need to find new consumption points to make consumers pay for high prices, so as to seize new profit growth points and highlight the encirclement. It is worth noting that on November 12, 2020, Marubi announced that it planned to abandon the original "make-up" fundraising project. The investment in the new project is estimated to be 276 million yuan, which will mainly focus on skin care products, supplemented by make-up products. After completion, it is expected to add 3,382.5 tons of skin care products and 200 tons of make-up products, fully reaching the annual output value of about 596 million yuan, which will continue to deepen the layout of the company’s skin care industry chain.

From this point of view, Marumi shares plan to abandon the fast-growing makeup track and turn to the skin care track.Not only that, Marumi shares also intend to invest in food and beverage and new retail consumer industries. On October 29th, 2020, Marubi announced that the company intends to jointly invest with several partners to set up an industrial fund with a scale of 100 million yuan, which will mainly invest in domestic and foreign high-quality or high-growth enterprises in consumer industries related to food and beverage, condiments and new retail, so as to build an ecological circle of food industry. One of the limited partners is Shanghai’s "coming to Iraq".Marubi Co., Ltd. said that this investment direction has a certain correlation with the company’s main business, mainly functional foods related to beauty.

The domestic beauty cosmetics who are striding forward all the way, the "circle" is getting bigger and bigger, but it seems to be getting farther and farther away from what people expect.After the rapid rise of national cosmetics with capital, what will be the next step? After the "fan economy" and "face value economy", Chinese cosmetics still need to rely on high-quality differentiated items to gain a foothold in the market.

Related topics:

Focus on the Yan value economy on the tuyere

For more information, please download 21 Finance APP.

China Youth Daily is concerned about how to treat the "usefulness" and "uselessness" of culture.

For drinking tea, it is obvious that ordinary white porcelain bowls can meet the demand, but why do we prefer porcelain tea set with fine workmanship? When writing, the arm rest is used to prevent the arm from being stained with ink. Obviously, as long as it has the function of putting the arm, why do we pay attention to its material and the carving on it? When we are moved by the beautiful artistic conception of an ancient poem, when we are fascinated by the exquisiteness and elegance of a handicraft, what do we get from it? What can those humanistic details and artistic values bring to our lives? Or, is culture "useful" or "useless" to our life?

The "uselessness" of culture is also "great use"

In the dialogue session hosted by Bai Yansong at the 15th Cultural China Forum, Pan Lusheng, chairman of China Folk Writers Association, pointed out that "useful" means "practical" and "useless" means aesthetic "useless". Material and spiritual use and life use are both useful and practical, while useless is also useful and even useful.

Pan Lusheng introduced that in Lin ‘an City in the Southern Song Dynasty, the palace culture, the literati culture and the street culture were integrated, which formed the idea of "craft for practical use", and also created a life style of unity of practicality and aesthetics in the Southern Song Dynasty. During this period, the weaving technology was superb, and the fabrics made were dense and light as cicada’s wings. Not only were there various types of yarn, Luo, Qi and Ling, but the silk reeling and embroidery techniques were also superb. The gardens in the Southern Song Dynasty are like three-dimensional landscape paintings with pavilions and winding paths, which contain the spiritual complex and aesthetic artistic conception of literati. From the clay figurines of children in the Song Dynasty in Zhenjiang Museum, to the Children’s Plays in the City in Taipei Palace Museum, from the white porcelain children’s pillows in Dingyao in the Palace Museum, to Song Jin’s Paintings of the Hundred Immortals in Cleveland Art Museum in the United States, all of them reflect the aesthetics and interest of life in which humanities and art are combined with street life.

In contrast, in today’s fast-paced diet and fragmented culture, modern people no longer seem to have an attitude of attaching importance to life aesthetics, and traditional crafts no longer pursue use value. In this context, should we learn from the ancients and return to the "elegant life" way of the Southern Song Dynasty?

"The handicraft tradition of the Southern Song Dynasty is historical and contemporary, which runs through the traditional Chinese aesthetic spirit, lifestyle and cultural taste." Pan Lusheng said. Therefore, he proposed to develop a new economy of Song rhyme culture, take people’s life needs as the guide, enhance cultural life experience, and study how elegant lifestyle can be integrated into today’s life, so that people can gain a sense of cultural identity.

Pan Lusheng believes that, on the one hand, by reviving traditional crafts, we can explore how to better inherit and utilize traditional craft and cultural resources at present, inject the culture of Xixiang into education and cultural communication, and serve people’s spiritual and cultural life. On the other hand, through the development of cultural industry with cross-industry barriers, traditional craft culture can be transformed into the resources of contemporary Song Yun cultural industry, creating higher economic value, thus better serving people’s material and cultural needs.

"Cultural pension" is worth looking forward to.

On the aesthetic level of life, the "usefulness" and "uselessness" of culture may be a philosophical proposition, but in the medical field, the "usefulness" of culture is indispensable. According to Zheng Xiaoying, academician of the Academy of Sciences of developing countries and director of the Peking University Population Research Institute, culture is even more "useful" than science and technology.

Zheng Xiaoying said, "Everyone’s ultimate wish is to grow old healthily and say goodbye to the world happily. This is by no means a problem that can be solved by relying solely on science and technology or medical means, but a realm that must be achieved through the combination of culture, art and technology. In this sense, the infiltration of culture is more important than the development of science and technology. "Zheng Xiaoying believes that" medical art education should be integrated into medical education so that every doctor can accumulate deeper artistic accomplishment and cultural heritage. "

Zheng Xiaoying pointed out that cultural blessing is also needed to deal with the problem of population aging. She introduced that with the intensification of the aging process, the life expectancy of China’s population is also increasing rapidly. However, most of the increased life expectancy is unhealthy, that is, life expectancy with disabilities. Among the disabled people in China, 53% are elderly people. To solve the problems of these elderly disabled people, we need the support of science and technology, but more importantly, we need the support of culture. "Let them be happy and enjoy the benefits brought about by the reform and opening up to the maximum. This is not a problem that can be solved by a simple assistive device."

At the same time, Zheng Xiaoying emphasized the concept of "cultural support for the aged", which is a way to support the aged on the premise that the material needs of the elderly are basically guaranteed, on the basis of meeting spiritual needs, on the basis of communicating emotions, exchanging ideas and having a healthy body and mind, and on the purpose of publicizing individuality, advocating independence and enjoying the spirit of happiness and pleasure. "Cultural pension meets the spiritual needs of the elderly. For the elderly without children, this pension model is particularly important." Zheng Xiaoying said.

How to realize the mutual integration of science and technology and humanities

Undoubtedly, the integration of culture, art and technology can make people’s lives better. So, as an individual, how should we start from ourselves and realize the integration of technology and humanities? This is also a question that Wang Yuming, an academician of China Academy of Engineering and an expert in fluid sealing engineering technology, is often asked.

Wang Yuming laughed and called himself a "science man". "However, although my main business is mechanical engineering, I am not" mechanical "culturally. He is a student of Mr. Ye Jiaying, a consultant of the Chinese Poetry Society, the director of the Poetry Working Committee of colleges and universities, and the president of the Tsinghua University Lotus Pond Poetry Society. It can be said that he is a person who perfectly balances "poetry and distance".

When answering the question "how to realize the mutual integration of science and technology and humanities", Wang Yuming believes that in terms of values, science and technology and humanities and arts are both pursuing truth, goodness and beauty, and they are essentially interlinked; In the mode of thinking, both of them need logical thinking and inspiration epiphany thinking, which can promote each other. The same is true of many masters of science and technology (such as Einstein, Yang Zhenning, Qiu Chengtong, Gu Yuxiu, Qian Xuesen, etc.). However, the most important thing is to have a "pure heart" in both scientific research and literary creation.

On the "Use" of China Culture from the Outside

The Chinese culture has a long history, and the "useful" culture not only created the fashion life of the ancients, but also injected spiritual strength into solving modern social problems, and also brought about an impact on the civilized development of neighboring countries.

In the dialogue session, Cheng Yonghua, former Japanese ambassador extraordinary and plenipotentiary to People’s Republic of China (PRC) and executive vice president of China-Japan Friendship Association, introduced the "use" of Japanese culture to neighboring countries. He said that China’s culture had a profound influence on the Korean Peninsula, Viet Nam and Japan. Take Japan as an example. The Sui, Tang and Song Dynasties were the historical peaks of Sino-Japanese cultural exchanges. During this period, ancient Japan sent 19 groups of envoys to China to study, with a maximum of 600 people at a time. In addition to sending envoys, a large number of international students also came to China from ancient Japan. Many of them stayed for many years, and some even stayed in China to work as officials in Chang ‘an until they died and were buried in Chang ‘an. In 645 AD, the ancient Japanese carried out the "Dahua Innovation" movement, abolished the monopoly regime system in big noble, and established an ancient centralized state with reference to the rules and regulations of the Tang Dynasty in China. During the Song Dynasty, more and more Japanese people came to China to study. Jian Zhen, a monk in the Tang Dynasty, traveled eastward to preach the precepts to Japan and was honored as the ancestor of Japanese Buddhist legalists. The Tang Zhaoti Temple complex built by him and his disciples in Nara, Japan, embodies the architectural characteristics of the Tang Dynasty and is the largest and most beautiful building in Japan’s existing Tianping era. Japanese characters are also born out of Chinese characters. At first, there were only languages but no characters in Japan. In asuka period, Buddhist classics introduced into Japan along with Buddhism made Chinese characters penetrate into Japanese life. The first Chinese characters were used by ancient Japanese as phonography, but they were troublesome in the process of use, so heian period invented katakana and hiragana with reference to the radicals and cursive scripts of Chinese characters. In addition, the present Japanese court music-gagaku,It is also music from the Tang Dynasty in China.

Cheng Yonghua said that Sino-Japanese exchanges have a history of 2,000 years. Today, Japanese young people are still attracted by China’s rapid economic development and technological innovation, and feel that "they should go to China to see more and communicate more".

Whether it is "practical" or "useless", the China culture of the same strain needs and deserves to be passed down and carried forward by contemporary people. As Pan Lusheng said, culture is a nation’s overall lifestyle and value system. If the ancients’ fashion is integrated into contemporary life, we may be able to create a pioneer culture with temperature, connotation and taste in the new era.