The World Badminton Federation announces the remaining schedule for this year, the season restarts on August 11

The World Badminton Federation announces the remaining schedule for this year, the season restarts on August 11
World Badminton Federation announced the remaining schedule for 2020 today.Figure / World Badminton Federation The World Badminton Federation officially announced the remaining schedule for 2020. The season began on August 11th, and Hyderabad, India officially restarted. The Guangzhou Finals in mid-December officially ended.According to the schedule, the Hyderabad Open on August 11-16 will be the first stop of the World Badminton Federation after more than 5 months of suspension. The next week will be the Hainan Lingshui Masters which is originally scheduled for the end of February.The top badminton top-level tournament, the Youyou Cup and the Tournament Finals, are scheduled for October 3-11 in Aarhus, Denmark, and December 16-20 in Guangzhou.In the initial three Super 1000 races, the All England Open has ended as scheduled in March; the Chinese Open in Changzhou will remain unchanged from September 15-20; the Indonesian Open originally scheduled for FebruaryIt is predicted to November 17-22.22 races are planned for more than 4 months, and there are competitions every week.It is about Olympic points and the schedule is intensive. The World Badminton Federation said it will also modify the rules for compulsory participation.According to current rules, the top 10 singles and top 15 doubles players must participate in at least 12 races each year, including all 3 Super 1000 races, 5 Super 750 races, and 5 Super 500 races.station.The World Badminton Federation also proposed that the schedule announced this time is only a temporary plan, “We will not resume the game plan until we are absolutely guaranteed.””” Sauna, Night Net Editor Liu Chen Han Shuangming Proofreading Lu Qian

After the comeback, harvest two gold and one copper!Liu Jiayu still pays attention to Wuhan epidemic situation in training competition

After the comeback, harvest two gold and one copper!Liu Jiayu still pays attention to Wuhan epidemic situation in training competition
Beijing time this morning, Chinese snowboard U-shaped athlete Liu Jiayu won the gold medal in the Dew Tour held at the Copper Mountain Ski Resort in Colorado, USA, continuing this season.Liu Jiayu won the gold medal.Figure / Dew Tour of the National Games General Administration Winter Games Center is a world class A snowboard professional event. The competition adopts an invitation system. Only the world’s top athletes can be invited to participate.In addition to Liu Jiayu, American player Tracy McGrady, Spanish player Castellet and other high-level players were invited to participate.Throughout the game, Liu Jiayu’s performance was perfect, and he won the Dew Tour gold medal again after 2015.”Thanks for achieving the same results at different times!never give up!Come on Wuhan!Go China!”Liu Jiayu said that this time has been switching between training and competition, but she has been concerned about the epidemic prevention and control situation.” The first thing to open every day is to refresh the real-time dynamics of the epidemic, understand the epidemic map, and care about the epidemic population dynamics.”Liu Jiayu was in good shape after his return.Picture / National Sports General Administration Winter Games Center Pingchang Winter Olympics, Liu Jiayu won the U-shaped silver medal.After that, Liu Jiayu took a rest for nearly a season.This season, Liu Jiayu was in good shape after his comeback. He first won the World Cup China Championship in Genting, and then won the bronze medal in the World Cup American Mammoth Mountain Station.In an interview at the World Cup China Station, Liu Jiayu said that he did not want to put too much pressure on himself in the game, but only wanted to focus on the action.”I don’t want to leave regrets in my sports career. I love this project and I like snowboarding.”Liu Jiayu said that her biggest opponent is herself, and she wants to work hard to touch the pinnacle of sports and see what level she is.” I don’t want to prove it to anyone, I just want to prove it to myself. I want to give myself a statement.”Editor Zhang Yunfeng proofread He Yan

J.J. Abrams collaborates with HBO Max on The Shining spinoff

J.J. Abrams collaborates with HBO Max on “The Shining” spinoff
Sauna Night News On April 17, according to foreign media reports, J.J. Abrams’s bad robot film company will work with Warner streaming platform HBO Max to create three episodes, but the opening date has not been determined.The three dramas are: 1, DC “Dark Justice League” drama.The play has not yet been named, focusing on the characters in the Heizheng universe.The founding members of the Dark Justice League include Mrs. Shangdu, Constantine, Zatana, Dead Man, Changeman, and new members will continue to join.The members of the organization are supernatural heroes who use magic in the DC universe, so they are considered unsuitable for joining the traditional Justice League.The picture comes from the network 2, “The Shining” derivative drama “Yuanwang Hotel”.There are 10 episodes in the play, written by Dustin Thomasson and Scott Brown (“Castle Rock”), focusing on the terrifying story behind the famous horror hotel “Yuanwang”, and the “Spirit》 Many classic characters.Stills of “The Shining”.The picture comes from Network 3, a new play “Dust” (Duster, temporary translation) co-written by JJ Abrams and LaToya Morgan (“The Walking Dead”).The story is set in the southwestern United States in the 1970s. The protagonist is a driver who helps criminals escape. He works for a fledgling criminal group and is involved in dangerous crimes.Sauna Night Editor Xu Meilin proofreading Wu Xingfa

Should Bank of China crude oil be blamed for losing money to the bank?

Should Bank of China crude oil be blamed for losing money to the bank?
“I already knew that I had to reverse the bank’s money and it was better to go stock speculation. There is also a limit in the stock market.”Investor Zhang Ming (pseudonym) smiled bitterly at Sauna and Yewang’s resumption of Bank of China’s crude oil treasure negative liquidation.On April 20, local time, the settlement price of futures delivered by West Texas Light Crude Oil (WTI) in May closed at minus 37 per barrel.63 US dollars, for the first time fell into a negative transaction.Investors have witnessed the history once again in the first few meltdowns in US stocks.This time, the investors of BOC Crude Oil “were very hurt”.According to the announcement of the Bank of China on April 22, the US crude oil contract for Crude Oil Products follows -37.The official settlement price of USD 63 / barrel is priced.As soon as the news came out, many investors weighed in and acquired nearly 300%.This means that investors have to find bank money after losing their principal.At present, investor dissatisfaction is mainly concentrated in the agreement that the good margin fell to 20% strong level, why not?Stop trading at ten o’clock in the evening, shouldn’t it be a shift at ten o’clock?Why is the delivery price based on the official settlement price?In response to the sauna, Bank of China customer service said at night.com that after the trading time, it cannot be liquidated. Stopping the transaction does not mean shifting the position. The delivery price refers to the official settlement price of the futures contract of the day.Regarding investors’ doubts about the late move time, an executive of a futures research institute said, “This is just being closed and hanging.”On the evening of April 22, the Bank of China stated that for crude oil products, when the market price is not negative, the long position will not trigger a forced liquidation.For those who have determined to enter the position shift or expired rolling difference processing, the termination processing will be completed for the customer at the settlement price, no longer pay attention to the market, strong level.Do you owe the bank money after losing the principal?Unexpectedly, a loss of 250% of investors said that it is better to go stock trading. “You can lose so much in 7 days, I really did not expect it.”Investor Zhang Ming told Sauna and Yewang.”I already knew that I had to reverse the bank’s money and it was better to go stock speculation. There is also a limit in the stock market.”Zhang Ming is an investor in BOC crude oil treasure.”On April 16, he spent 5,000 principals on BOC crude oil treasure. Because the May contract of American Petroleum was negative, the principal was owed to the bank after the loss of 7800 yuan, and a total of 1 was invested.280,000 yuan, the highest range exceeds 250%.On April 22, a text message sent by the Bank of China to Crude Oil customers stated: After careful confirmation by the Bank, on April 20, US time, the WTI crude oil May futures contract CME official settlement price was -37.USD 63 / barrel is the effective price.According to the “Bank of China Co., Ltd. Financial Market Personal Product Agreement” signed by the customer and our bank, the US crude oil contract of our crude oil product has been rolled or moved with reference to the CME official settlement price.Clients with long positions are requested to make up for the payment in time according to the profit and loss of closing the position.At the same time, the Bank of China suspended the new open trades of customers Crude Oil (including US oil, British oil), the reason is mentioned in the text message, it is “for the current market risk and delivery risk”, and the Bank of China also said that the closed positions of customers who hold positions are notInfringe.Zhang Ming’s experience is staged on the long-term clients of Crude Oil.Since the beginning of this year, the price of crude oil has been steadily falling, and more and more people have participated in the crude oil bargain-hunting as bulls.”Now the price is so low, it will definitely go up,” Cui Xiang (pseudonym) recalled to reporters his mentality of buying at the time.He bought 40,000 crude oil treasures and currently owes the bank 120,000, a total decrease of 160,000.The amount of some investors to cover losses is huge.According to a statement provided by an investor to the reporter, the investor opened the position with a principal of 270,000 yuan and owed 63 to the bank.280,000 yuan, overall 90.280,000 yuan, expected to exceed 300%.BOC launched the “Crude Oil” product in January 2018 to provide domestic individual customers with trading services linked to overseas crude oil futures. Customers make their own trading decisions.Individual customers conducting “Crude Oil Treasure” are required to submit 100% margin, sustainable leveraged transactions.”I saw that this product does not provide leverage. I thought that I would get the most out of the principal. I really didn’t expect to lose money after the negative oil price,” said Cui Xiang.When the US Air Force plunged in March, this transaction was pushed on the WeChat public account of a branch of Bank of China. According to screenshots provided by Weibo netizens, the promotional information of BOC Crude Oil said: “Crude oil is cheaper than water.”Transactions”, the evaluation in the publicity said that if investors shorted 100 barrels of US crude oil contracts on March 5 and closed positions on March 9, the five-day time rate of return would exceed 37%.This investment is called “black gold” investment.However, the reporter found the WeChat official account and found that it published the so-called “crude oil is cheaper than water, BOC takes you to trade” promotion of crude oil 26 days ago, but currently clicks to find that the article has been deleted by the publisher.The agreement said that the good margin fell to 20% strong, why not?Stop trading at ten o’clock in the evening, shouldn’t it be a shift at ten o’clock?Why is the delivery price according to the official settlement price?”BOC’s notice triggered three consecutive questions from investors.On the evening of April 20, the U.S. crude oil futures price May WTI contract fell to -37 a barrel a day before expiration.63 US dollars, closing in negative value for the first time in history.”The trading system was closed at night, and I found it impossible to trade after trying at 22:15. I thought that the Bank of China would force liquidation when the margin mentioned in the agreement fell to 20%, but I did not expect to watch and watch all the way down to a negative value.The result was a loss of nearly 300%.”Zhang Ming said.Crude oil products are linked to overseas crude oil futures, similar to the operation of futures trading, according to the agreement, the contract will be terminated on the contract termination processing date, in accordance with the customer’s pre-specified method, to carry out the position or gradually crush the difference.Among them, the position shift refers to all current contracts held by the closing client; while the opening margin refers to all current contracts held by the closing client only.Cui Xiang said, why didn’t the position shift and month change at ten o’clock in the evening?He believes that if BOC moves positions according to trading hours, investor losses can be reduced.In response to the question of why the position was not closed, the sauna and Yewang called BOC customer service. The customer service replied that if BOC crude oil is the last trading day of the contract, the trading time is 9: 00-22: 00, and the bank will not be more than 22:00A forced liquidation operation was conducted, and the margin fell below 20% after 10 o’clock last night.The price for the spread and settlement is set at -37.63 USD / barrel, customer service refuses to weigh, stop trading at 10 pm does not mean that the position will be moved at 10 pm, the delivery price refers to the official settlement price of the exchange contract on the day, the average price of 2: 28-2: 30 in Beijing timeSettlement was carried out, but the specific time for crude oil treasure to move positions was not registered.”Can I still do this?”Investors said after seeing the response and so on.Some investors said on Weibo that he believes that this product is a high-risk product after 22:00 on April 20, and there is a risk of total loss of principal and even supplement of margin. Bank of China did not fully disclose risk to customers beforehand.Online testing of risk-taking ability of customers.Another Weibo netizen said that the battle had been promoted by Crude Oil Po, but found that he did not dare to start with an unclear description of the risks and “escaped.”Another futures practitioner said that from a rule point of view, if the investor does not close the position during trading hours, that is, it is replaced by accepting to close the position at the settlement price of the day.Regarding the issue of liquidation, the Bank of China stated that for crude oil products, when the market price is not negative, the long position will not trigger a forced liquidation.For those who have determined to enter the position shift or expired rolling difference processing, the termination processing will be completed for the customer at the settlement price, no longer pay attention to the market, strong level.Among the three major banks, the latest move of the Bank of China Bank of China’s crude oil treasure product design flaws?In the market, in addition to the Bank of China launched the crude oil treasure business, ICBC and CCB also launched similar products.What makes Crude Oil’s clients “big head” is that the time for other additional banks to move their positions is earlier than that of the Bank of China, which avoids the situation of “finding bank money”.Because of this, “Why move to the last time?””An important point that led investors to question the Bank’s product design capabilities.Crude Oil’s trading strategy is that investors can only buy a near-month contract, that is, the May contract of American Oil is delivered on April 21, 2020, and investors cannot directly buy the June contract of American Oil until April 20, 2020.You can only purchase the May oil contract for May first. After the May contract is settled, investors can choose to move their positions to the June contract for May oil.The time when Crude Oil shifted its position was to shift the position in the US market on the penultimate day of the last trading day, and the huge changes in the market on the evening of April 20th led to the replacement of customers.According to the situation of the crude oil futures transfer of major banks announced by Kaifeng Investment, from April 8 to April 14, the world’s largest crude oil ETF fund USO US oil May contract was completed.The account crude oil WTI05 contract is shifted, and the closing price is basically between 21-20 US dollars / barrel.On April 20, the Bank of China Crude Oil Bao WTI05 contract moved, and April 21 was the last trading day of WTI05.Judging from the time of shifting positions, the shifting time of Bank of China is later than that of ICBC and CCB.”They’re the latest at home. Isn’t this close the door?”A senior researcher executive told reporters.It turns out that when the market for crude oil futures is near high and low, it is easy to move positions. Now the market has become near low and high, and it is very stressful to move positions.”In the past month, everyone’s bottom-cutting behavior has been very concentrated, and positions are very strong. The amount of positions has been enlarged several times at a time, and the position shift is very small.”If you don’t come out in time, you will be stared by the bear.”For the Bank of China to close the position at the last moment for the month, the executive said:” In the case of a relatively large market change, it is impossible to hedge completely, or it is possible that the slippage is too large. “”Once the market price drops sharply, when the unit price of U.S. oil is $ 20, 200,000 orders are placed, and the final deal may be 50,000. If the remaining 150,000 is too late to hedge, it may be that the price you soldThe actual value is much lower, basically it is possible to lose a lot of money in this very short arrangement.It has something to do with the market capacity, because there is no such a large counterparty to deal with, and it is impossible to close the position.Said the executive.Wang Deyi, a lawyer from the search for real-life law firms, said whether the Bank of China is opposed to having the corresponding transaction rules published or informing customers that under the circumstances of legal and effective transactions, investors can accept the reality of willingness to gamble and lose.However, he believes that whether it is linked to the US crude oil trading varieties or British crude oil trading varieties, there is the possibility of not obtaining a legal license for domestic trading.This trading system is essentially a market maker system for betting with customers.Bank of China Crude Oil said in the product description that it continues to trade, so he believes that the trading product and trading rules are not essentially balanced with futures.The highest foreign exchange transaction in the year must obtain the business license of the State Council or the China Securities Regulatory Commission, otherwise it is illegal and invalid.Chen Leibo, an attorney at Jingshi Law Firm, believes that the first step in deciding whether a bank is liable is the identification of a qualified investor, and whether BOC has really conducted an audit. As far as there are a large number of small investors in Crude Oil, there is a situation where it is not recognized.The second is whether or not to give investors a risk warning of the trading rules. The May WTI oil futures contract expires on Tuesday (April 21). Buyers must sell or actually deliver in time. Does this remind investors in advanceThe third question is whether the Bank of China is a broker or a futures investor, whether it is to follow the investor’s instructions to buy and sell, or whether the Bank of China independently judges to buy and sell, and according to the agreement provided by the investor, the agreement shows that the possible lossIn the case of gold, although it was written that investors may need to supplement the margin, there is no hint that there will be a more serious risk than loss of principal in a transaction. It may be that BOC itself did not expect the futures price to be negative.The fourth question is whether the Bank of China’s investment in US futures products through the so-called crude oil treasure needs to be approved by the futures regulatory agency, and whether it needs to be filed or approved by the bank regulatory agency requires special attention.Sauna, Ye Wang Zhang Shuxin editor Li Weijia Xu Chao proofreading Jia Ning

Missing the sixth championship of the FA Cup, Li Xiaopeng admitted that Luneng lost in the mentality

Missing the sixth championship of the FA Cup, Li Xiaopeng admitted that Luneng lost in the mentality
The second round of the FA Cup final was overturned by Shanghai Shenhua. Shandong Luneng, who broke into the FA Cup final for two consecutive years, missed the championship again.Luneng coach Li Xiaopeng admitted at the post-match conference that in his view, this was the worst game the team played.Li Xiaopeng eventually lost in the FA Cup for two consecutive years.Figure / Sports has a 1-0 lead in the first round. Shandong Luneng was defeated by Shanghai Shenhua at the Hongkou Stadium and lost the championship. Li Xiaopeng’s replay of the game was simple: poor.I want to say sorry to Luneng fans. We have a big problem, especially in the adjustment of mentality . I know that the desire for championships leads the players to pressure, but how to decompress them is a knowledge.”Two consecutive seasons missed the FA Cup champion, Li Xiaopeng also feel helpless:” The two finals are different, last year we were a little bit worse, this year is much worse.Our highest and worst performance met Shenhua’s best performance in ten years.”The Luneng coach was still focused on the mentality issue the day before the game, and the team was still losing the mentality. In his view, it was” our pre-match incentives made the players too nervous. “In fact, the players who are out of balance and at the same time, Li Xiaopeng ‘s on-the-spot command of the game is also controversial, especially Moises ‘s end is regarded as the turning point of the game-after Moises ‘end, Luneng ‘s midfield collapseShenhua completely took over the game.

Huachenyu’s new song is given to patients with depression, with sales exceeding 4.4 million

Huachenyu’s new song is given to patients with depression, with sales exceeding 4.4 million
On December 4, Hua Chenyu’s latest single “I really want to love this world” was officially launched on the music platform, reaching 1 million copies in two minutes.At the time of final publication, this number had climbed to 4.41 million and reached the top of the NetEase Cloud Music Digital Singles chart.New single cover. It is reported that this song is the first of the Martian trilogy created by Hua Chenyu this year, and it is about a song about depression.,如果有一天当他愿意告诉你他可能生病了,证明他把你当作他非常重要的人,所以那时候请你不要第一时间说‘我觉得你没事啊,你平时看起来挺正常的啊’类似这种话,你要知道,当你说完的那一刻,可能会让他对世界和人都产生恐慌。”Hua Chenyu said that for those friends who are going to be sick or already sick, he very much hopes that they can get warm from this song,” If you are doing well, I hope you can care for your friends who are about to be sick or are already sick. ” “Sauna, Ye.net editor Yang Chang Tian Ai Ni proofreading Liu Baoqing

The relationship between the characters in The Night 2 becomes a mystery, and the VIP will be watched in advance from February 3

The relationship between the characters in “The Night 2” becomes a mystery, and the VIP will be watched in advance from February 3
Adapted from Mao Yi’s novel of the same name, produced by Penguin Movies, Cats, Golden Media, Yuewen Films, directed by Yang Yang, Wang Hedi, Song Yiren, Yuan Bingyan, Yang Chaoyue, Zheng Shaoqiu, etc.Hot broadcast.With the unveiling of the identity of “Daughter of the Hades”, Ning Que (Wang Hedi) and Sang Sang (Song Yiren) embarked on the road of escape. The theater also exposed a set of “Misty” posters, which is a mystery.It is reported that “Jian Ye 2” will update 2 episodes every Monday, Tuesday and Wednesday at 20 o’clock. Members will always watch 6 more episodes.Since February 3rd, VIP will enjoy the extra privileges of on-demand, and see the final result in advance on February 10.New poster for “Jiangye 2”.The picture comes from the network “Jianye 2” around Ning Que and Sang Sang’s desperate horizon, the chaotic disputes of the Tang Dynasty Chaotang, the Xiling coalition’s tiger staring and other main lines unfolded, taking Ning Que’s growth path from the border town as a hero to protect the countryAt the entrance, we explored the humanistic spirits of integrity, justice, fearlessness, and loyalty.It is reported that in the subsequent plot, Sang Sang, who has been rounded up for many times, is determined to return to Weicheng, and the two will encounter many hardships.Sauna, Ye Wang Zhang He editor Tong Na proofreading Wei Zhuo

The performance is under pressure, and the Securities and Futures Commission investigates that the road to the resurrection of Huangtai Liquor has become an unpredictable road.

The performance is under pressure, and the Securities and Futures Commission investigates that the road to the “resurrection” of Huangtai Liquor has become an unpredictable road.
The sustainability of Baijiu listed companies continued to improve. As of the close of May 18, 18 of the 19 listed companies have achieved continuous growth. Among them, the growth of Yanghe shares increased by more than 5%, and the growth of willing wine industry exceeded 4%.Liquor giants such as Wuliangye have also achieved a continuous increase of more than 4%, while Maotai achieved a record high of more than 1340 yuan, while gaining a new high in the market, and harvested 2.53% growth rate.In this piece of “bright red”, only Huangtai Liquor is an exception. Until now, Huangtai Liquor is still in suspension, but a piece of corporate stock recovery issued by Huangtai Liquor on the evening of May 14thThe listing application has been replaced by the Shenzhen Stock Exchange (hereinafter referred to as the “Shenzhen Stock Exchange”), which seems to mean that the “life journey” of Huangtai Liquor on the stock market is ushering in a turning point.The twists and turns of the “resurrection” road based on the announcement issued by Huangtai Wine Industry, the Shenzhen Stock Exchange officially announced the application for the resumption of listing of the shares of Huangtai Wine Industry on May 14th, and said that it would do within 30 trading days of the private prosecution applicationWhether to agree to the decision of Huangtai Liquor to resume listing.Although in general, these companies are still able to resume listing smoothly, and there are still uncertainties, but from the feedback of the shareholders learned by Sauna and Yewang, there are still many views that regard this event as good news for Huangtai Wine Industry.Excessive investors said that Huangtai Liquor still has a certain upside potential, and its brand appeal in the northwest market still exists to a certain extent.This positive attitude is to a certain extent inseparable from the performance announcement just released by Huangtai Wine Industry.According to the company’s performance in 2019, after experiencing continuous success, in 2019 Huangtai Liquor realized a turnaround, and the net profit attributable to shareholders of the listed company reached 6821.370,000 yuan, an increase of 171 per year.44%; operating income increased significantly 288.67%, reaching 9904.630,000 yuan.However, the reporter checked the information and found that the amount of Huangtai Liquor’s successive reductions in officials has even exceeded its operating income that year.Among them, the company achieved operating income of 4,760 in 2017.50,000 yuan, the net profit attributable to shareholders of the listed company.8.8 billion yuan; by 2018, the operating income will be reduced to 2548.30,000 yuan, the net profit attributable to shareholders of the listed company can be restored to 9548.150,000 yuan.The insolvent Huangtai Liquor Co., Ltd., while its operating capital is extremely reduced, has to face the violent impact of the tax payment owed by the public security investigation and judicial proceedings by shareholders and suppliers.However, judging from the performance in the first quarter, Huangtai Liquor still faces challenges if it wants to take advantage of the 2019 turnaround.In the first quarter of 2020, under the influence of the new coronary pneumonia epidemic, the performance of the liquor industry generally declined, and Huangtai liquor industry was no exception.In the first quarter, Huangtai’s operating income even realized annual growth.1%, but the net profit attributable to shareholders of the listed company is still reset to 0.85%, maybe 641.60,000 yuan.The net cash flow from operating activities was previously highlighted 4309.69%, a decrease of 1670.60,000 yuan.The complicated judicial disputes in the first quarter have caused the industry to question whether Huangtai Winery can successfully resume listing. At the same time, there are quite a lot of industry views pointing to the reason why Huangtai Winery can get a respite in 2019, but because it has released anyA large number of highly sought-after products, or because of its new controlling shareholder Gansu Shengda Group and shareholders with state-owned background, Huangtai Commerce and Trade, “transfusion” of Huangtai Wine Industry.Sauna and Yewang learned from the Tianyancha platform that Beijing Huangtai Commerce and Trade’s controlling shareholder is Gansu Huangtai Brewing (Group) Co., Ltd., and the company’s controlling party is the Ganzhou Liangzhou District State Assets Administration.In April 2019, Beijing Huangtai Trading will merge 13 shares of listed companies.9% of the voting rights of shares are irrevocably entrusted to Gansu Shengda Group to exercise.In this regard, Gansu Shengda Group became the controlling shareholder of Huangtai Wine Industry.Subsequently, Shengda Group continued to inject assets including industrial land into the newly established Shengda Huangtai Company at the end of 2019.Immediately afterwards, 100% equity of Shengda Huangtai Company was donated free of charge to Gansu Huangtai Wine Industry Brewing Co., Ltd.Judging from the evaluation results of the transaction by Beijing Zhongqihua Assets Appraisal Co., Ltd., the net assets donated this time reached 1.3.9 billion yuan.A top representative said that for a company whose operating income in 2019 is less than US $ 100 million, 1.The injection of net assets of US $ 3.9 billion certainly relieved the insolvency situation of Huangtai Liquor to a certain extent.As a result, due to past management problems and complicated judicial disputes brought about by business breakthroughs, it was restored due to the free capital injection of Shengda Group.Sauna and Yewang found from the Tianyancha platform that from the beginning of January 2020 to the end of April 2020, there were 34 legal proceedings against Huangtai Wine Industry.In particular, the six litigation events announced from the beginning of March to the end of April, except for one of the plaintiffs withdrawing the lawsuit, the remaining several cases ended with the defeat of Huangtai Wine Industry.Among these losing cases, the reasons shown are all securities false statement disputes.Judging from a case decided by the Intermediate People’s Court of Lanzhou City, Gansu Province, Zhang Hui, who was originally called Zhang Hui, told the defendant Huangtai Wine Industry that it suffered losses due to information leakage and violation of laws and regulations.At the same time, the illegal acts of Huangtai Wine Company failing to disclose information according to the regulations shall be compensated to the plaintiff according to law.Although Huangtai Liquor argues that the investment losses incurred by the plaintiff’s purchase of stocks were caused by systemic risks in the securities market, there is no causal relationship between the plaintiff’s losses and Huangtai Liquor’s actions.But in the end, the court still supported the claim of the plaintiff and ordered Huangtai Jiuye to compensate the plaintiff for the loss.The remaining cases are equally similar.Officials of Huangtai Wine Industry have repeatedly noted that the false increase in profits constitutes a false statement, and at the same time compensate investors for losses.In fact, this time, while waiting for the listing application to be resumed, Huangtai Liquor is still waiting for the administrative decision decision of the China Securities Regulatory Commission.It is understood that as early as April 2019, Huangtai Wine Industry has received an investigation notice from the China Securities Regulatory Commission, alleging that Huangtai Wine Industry is suspected of information leakage and violation of laws and regulations, and decided to file an investigation.By March 2020, Huangtai Wine Industry had received the advance notice of administrative litigation issued by the Gansu Supervision Bureau of the China Securities Regulatory Commission.However, Huangtai Liquor said that the company has already submitted the defense materials, and the final result will be subject to the decision on the administrative certification issued by the China Securities Regulatory Commission.Difficult operating pressures While the industry is waiting for the China Securities Regulatory Commission to reorganize how to publish the findings of Huangtai’s wine industry, the continued sluggish operating performance of Huangtai’s wine industry has also clouded the company’s “resurgence road.”Although the performance of Huangtai Liquor has achieved a substantial increase in 2019, especially when the operating income of the liquor segment has increased significantly, the sales expenses have also increased substantially.In addition to the leaders questioning whether it was related to the vigorous blood transfusion of the controlling shareholder, Sauna and Yewang also noted that the sales volume of food and beverage products of Huangtai Wine Industry only increased over the same period of the previous year.In the case of 1%, the inventory has greatly increased by 294.2%.It is not just because of the substantial increase in inventories that has made Huangtai Liquor’s sustainable sales ability doubtful.In fact, whether online or offline, the market performance of Huangtai Liquor is not optimistic.In the Tmall Huangtai liquor flagship store, the product with the highest total sales has only 74 orders, and the latest evaluation is only 12; the total sales of most other products have only hovered between two numbers and evenThree products sold zero in the flagship store of Huangtai Liquor.When the reporter visited the Beijing market, no matter whether it was in a large supermarket or a small cigarette hotel, or even a new place, the wholesale market of small and medium-sized liquor brands in various regions was gathered. No Huangtai liquor products were found everywhere.Figure.The liquor merchants under the cable told reporters that Huangtai liquor products are mainly sold in neighboring provinces and cities mainly in Gansu, and other markets such as Beijing are not the main sales places.However, when an Air Force reporter visited the Xining market in Qinghai, the frequency of Huangtai liquor in the local area was not high.The reporter also saw in the news released by public channels that an article pointed out that the probability of local Huangtai liquor products appearing in Gansu is not as good as in the past. At present, in Gansu province, Jintai liquor and other provincial brands are compared with Huangtai liquor.Products are not strong.From the public data, the gap between Huangtai Liquor and Jinhui Liquor, another listed liquor company in Gansu Province, is widening.In 2019, the operating income of Jinhui Liquor reached 16.3.4 billion US dollars, attributable to the net profit of listed company shareholders.7.1 billion yuan, greatly surpassing the achievements of Huangtai Liquor after turning a loss.While facing competitors in the province, Huangtai Liquor must also face direct competition from regional brands such as Xifeng Liquor from the northwest region, and even large-scale enterprises such as Elite, Qingqing Barley Liquor are trying to encroach on Gansu.market.Some people in the industry believe that the market capacity of Gansu Province is limited. In the high-end and sub-high-end sectors, there are already brands such as Xifeng, Jinhui Liquor, etc., and even Maotai, giants such as Wuliangye have tried to take a slice.As consumption upgrades and the industry tends to be high-end, whether Huangtai Liquor will continue to improve after the achievements in 2019 will be frustrated by the industry in 2020, will determine whether the company will be marginalized next.Sauna, Ye Wang Xu Jingjing Trainee reporter Xue Chen editor Xu Jingjing proofreading Li Ming