标签： 南京夜生活论坛网

　　Hong Jiaguang, male, born in December 1979, Han nationality, party member, China Hangfa Shenyang Liming Aeroengine Co., Ltd., is a lathe worker and a senior technician.

　　Aeroengine is known as the "crown jewel" of modern industry because of its wide range of fields and high technology content. Hong Jiaguang has participated in and been responsible for the development of core components and process equipment of various national aero-engines, which has played an important role in solving major and key problems in the development and batch production of a certain type of aircraft. The team he led provided strong technical support for the independent research and development of national aero-engines.

　　Hong Jiaguang, male, born in 1979, Han nationality, party member of the Communist Party of China, bachelor degree, worker of China Hangfa Shenyang Liming Aeroengine Co., Ltd. Since he joined the work in 1998, he has become the chief technician enjoying the special allowance of the State Council through diligent study, hard training and innovation, and has seven national inventions and new practical patents. He integrated his personal ideals into the Chinese dream, and participated in and was responsible for the development of core components and process equipment of a certain type of aero-engine in China. And it is in an advanced position in promoting the transformation of technological achievements, popularizing new technologies and new processes, which is widely recognized by the industry; He takes serving the country with science and technology and strengthening the army as his responsibility, casting great powers and leading the team to create many achievements; He pays attention to the work of "passing, helping and leading", inherits the spirit of artisans and accumulates strength for the development of enterprises.

　　With perseverance, Hong Jiaguang overcame technical difficulties, constantly innovated, and made great achievements. He successively won dozens of honorary titles, such as: Liaoning Model Worker, Liaoning Excellent Communist party member, Liaoning Craftsman, "First Prize" in the 7th "Revitalization Cup" National Vocational Skills Competition, National Technical Expert, National May 1st Labor Medal, National Most Beautiful Worker, National Most Beautiful Family, Chinese Youth May 4th Medal, etc.

　　First, great country craftsmen show their spirit and scientific and technological progress show their charm.

　　Aeroengine is known as the "crown jewel" of modern industry because of its wide range of fields and high technology content. Blade is the key load-bearing component of engine. It is urgent to break through the manufacturing technology of high-precision ultra-thick diamond roller for blade grinding. He led the team to set up a project to tackle key problems and break through this technology. He and his team members carefully studied the structural characteristics of blades, tried hard to figure out, looked for information, consulted literature, invited experts and did experiments. After continuous exploration and scientific research practice, his team independently developed the manufacturing technology of diamond rollers for aero-engine blade grinding. After the application of the results, the machining quality and qualified rate of aero-engine blades have been effectively improved, which has been highly praised by experts in the industry, providing strong technical support for the independent research and development of aero-engines. In the 2017 National Science and Technology Progress Award held in the State Council, the Central Committee of the Communist Party of China, through the evaluation of the National Science and Technology Awards Office, it won the highest award for technological innovation of the working class in China — — Second prize of national scientific and technological progress. Hong Jiaguang thus became the first industrial worker in the field of aero-engines in the new era to receive this honor.

　　Second, stick to the post and undertake the mission to ensure that production does not relax.

　　The rapid development of China’s aviation power industry has made the company’s production tasks extremely heavy. In order to meet the needs of the country, the company called on employees to work hard during the research of a certain type of engine. Hong Jiaguang set an example and responded to the call to be the first to move his luggage to the factory to support him. During the dry work, due to overwork and physical exhaustion, Hong Jiaguang accidentally dropped the workpiece and injured his left finger. The workers asked him to stop production immediately for medical treatment, but he said, "The injured area is small, it will be fine in a few days, and he will go after the urgent work in his hand." He just finished the day’s work. Busy during the day made him forget the pain, but he couldn’t sleep at night. Under the persuasion of his workmates, he went to the hospital for an examination, and the result was a serious comminuted fracture. The doctor asked him not to operate the equipment easily and rest for two months, but he ignored the doctor’s family’s advice and only rested at home for three days before returning to work. It took only one hand to operate the equipment for two months, and everyone said that he was "a desperate saburo and a crazy worker in the factory".

　　Afterwards, he told his disciples: "Our country’s aero-engine has a weak foundation. If we want to get it up, we have to pay more than others. This is fairness; If you are as comfortable as others and live slowly, you will be better than others. This is an idiotic dream. "

　　Third, broaden your thinking, increase efficiency, and drive innovation to help development

　　Whenever he encounters a thorny problem, Hong Jiaguang always likes to sit down and think about it and try his best to find a way. Looking for shortcuts, he is good at adopting advanced processing methods and giving full play to the processing ability of equipment and tools. In the past twenty years, he has completed more than 200 technological innovations and solved more than 340 technical problems.

　　Fourth, the beautiful and youthful Chinese dream, the model worker preaches ambition.

　　Over the years, he has participated in the "My Chinese Dream — — The struggling youth is the most beautiful. "The sharing group goes to the grassroots activities. During the activity, he went to Beijing, Tianjin, Hebei and other provinces and cities, as well as universities and enterprises in central enterprises, financial systems and railway systems, and held 56 stories sharing sessions. More than 900,000 young people interacted through new media. It has set an amiable, respectable, credible and learnable example for the vast number of young people, and has made positive contributions to guiding young people to integrate their personal dreams into the Chinese dream and focus on their solid struggle.

　　Since 2017, Hong Jiaguang, as a model worker in Liaoning Province, has participated in the propaganda group of Liaoning Provincial Federation of Trade Unions to study and publicize the spirit of the 19th National Congress of the Communist Party of China, and went to trade unions at all levels in the province and the broad masses of workers to thoroughly study, publicize and implement the spirit of the 19th National Congress of the Communist Party of China and understand the spirit of model workers and artisans. Combining with his own experience, he talked about how to innovate based on his post and told everyone: "As long as we take root, guided by the spirit of the 19th National Congress of the Communist Party of China and Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era,

　　Five, team building has achieved results, and talent training has promoted development.

　　General Secretary of the Supreme Leader pointed out: "Talents are the most precious wealth for career development, and we must create a large-scale talent team with excellent quality, complete categories and reasonable structure." After working for 20 years, Hong Jiaguang has taken 13 apprentices, including 7 senior technicians, 2 technicians and 4 senior technicians, and has compiled the skill operation book of Machining Methods for Typical Parts of Aeroengines, and also recorded the video teaching material "Skills and Skills of Turning Workers", leaving the typical machining skills accumulated for many years and spreading them out. As the leader of "Hongjiaguang Model Worker Innovation Studio" and "Hongjiaguang Skill Master Workstation", he gave full play to the leading role, deeply explored and trained technical talents, served as the lathe coach of the national first-class and second-class vocational skills competitions for a long time and led the team to participate in the competitions. From 2013 to 2018, the young workers trained through the studio won two champions, two runners-up and fifth place in the finals of the "Revitalization Cup" National Youth Vocational Skills Competition. Over the years, Hong Jiaguang has trained more than 2,000 trainees, and made new explorations in the scientific, professional and large-scale training of "China craftsmen". With the joint efforts of him and the team, from 2015 to 2017, the team of Model Worker Innovation Studio declared and authorized 5 invention patents and 26 utility model patents, and at the same time, completed 82 technological innovations and key projects.61 achievements were transformed and 63 temporary technical problems were solved, creating and saving considerable economic benefits.

　　Responsibility does not allow us to slack off, and mission does not allow us to stop. Hong Jiaguang will continue to uphold and strengthen the belief of "putting the country first, putting the family first, choosing one thing and being loyal to life", live up to his mission, unswervingly practice the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era with practical actions, work hard and innovate constantly with solid toughness, down-to-earth spirit and enduring belief, and strive to create a strong "China Heart", fly the blue sky dream in his heart and realize the "Chinese Dream" and "Strong Military Dream".

Recently, Ministry of Human Resources and Social Security WeChat has successively released questions and answers about the basic old-age insurance for employees, answering questions about how to pay and how to transfer and continue the old-age insurance. Related to everyone, friends quickly learn ↓

1. What conditions do I need to meet to receive a pension?

When individuals who participate in the basic old-age insurance for employees reach the statutory retirement age, they can receive the basic pension on a monthly basis after the accumulated payment period is over 15 years.

2, the basic old-age insurance payment period is not enough, can I retire? Can I get a pension?

When individuals who participate in the basic old-age insurance for employees reach the statutory retirement age, if the accumulated payment period is less than 15 years, there are the following measures:

First, you can extend the payment to 15 years, and then receive the basic pension on a monthly basis (among them, if you are insured before the implementation of the Social Insurance Law and are still less than 15 years after the extension of payment for 5 years, you can pay the payment in one lump sum to 15 years).

Second, you can apply for the basic old-age insurance for urban and rural residents who are transferred to the place where your household registration is located and enjoy the corresponding old-age insurance benefits.

Third, individuals can apply in writing to terminate the basic old-age insurance relationship for employees. According to the procedure, the social security institution will terminate its employee pension insurance relationship after my written confirmation, and pay the amount stored in personal account to me in one lump sum.

3. Will the pension be adjusted? How to adjust?

The Ministry of Human Resources and Social Security and the Ministry of Finance, according to the average wage growth of employees and the price increase, take into account the affordability of pension funds, finance at all levels and other aspects, study and formulate the basic pension adjustment plan for retirees, and guide local organizations to implement it after being approved by the State Council.

4, how to handle the transfer of basic old-age insurance for employees?

At the end of 2009, the state formulated the Interim Measures for the Transfer and Continuation of the Basic Old-age Insurance Relationship for Employees of Urban Enterprises (Guo Ban Fa [2009] No.66) and a series of supporting policies, which clarified the policies and operational procedures for the inter-provincial transfer and continuity of the old-age insurance relationship.

The insured cross-provincial mobile employment, the basic old-age insurance relationship transfer in accordance with the following provisions:

(1) If the insured person returns to the domicile (referring to the province, autonomous region or municipality directly under the Central Government, the same below) for employment and insurance, the relevant social security agency at the domicile shall handle the transfer and connection procedures in time.

(two) the insured did not return to the domicile of employment insurance, by the social security agencies in the new insured place for its timely transfer procedures. But for men over 50 years of age and women over 40 years of age, they should continue to retain the basic old-age insurance relationship in the original insured place, and at the same time establish a temporary basic old-age insurance payment account in the new insured place to record all the contributions of units and individuals. Once again, when the insured person is employed in cross-provincial flow or reaches the conditions for receiving benefits in the newly insured place, all the payment principal and interest in the temporary basic old-age insurance payment account will be transferred to the original insured place or the place for receiving benefits.

(III) If the insured is transferred with the approval of the organization department of the Party committee at or above the county level and the administrative department of human resources and social security, and establishes labor relations with the transferred unit and pays the basic old-age insurance premium, it shall not be restricted by the above age, and shall go through the procedures for the transfer and connection of the basic old-age insurance relationship in time at the transferred place.

5. Then how should I handle the transfer and connection procedures?

The insured inter-provincial migrant employment, by the original insured local social insurance agencies issued insurance payment vouchers, the basic old-age insurance relationship should be transferred to the new insured, according to the following procedures for the basic old-age insurance relationship transfer procedures:

(a) the insured in the new employment in accordance with the provisions of the establishment of the basic old-age insurance relationship and payment, by the employer to the social security agencies put forward a written application for the transfer of the basic old-age insurance relationship.

(two) the social security agency of the new insured place shall, within 15 working days, review the application for transfer and continuation, and send a letter of acceptance to the insured person if it meets the conditions, and provide relevant information; Make a written explanation for those who do not meet the conditions for transfer and connection.

(three) the social security agency where the original basic old-age insurance relationship is located shall, within 15 working days after receiving the acceptance letter, handle all the procedures for transfer and connection.

(IV) The social security agency in the newly insured place shall, after receiving the basic old-age insurance relationship and funds transferred by the social security agency in the place where the original basic old-age insurance relationship of the insured person is located, complete the relevant procedures within 15 working days and promptly notify the employer or the insured person.

However, please consult the local social insurance agency for specific procedures.

6. When transferring, does the foundation follow people?

When the insured transfers the basic old-age insurance relationship through inter-provincial floating employment, the transfer funds shall be calculated according to the following methods:

(1) Storage amount in personal account: calculated and transferred according to the accumulated principal and interest paid by individuals before January 1, 1998, and calculated and transferred according to the total storage amount included in personal account after January 1, 1998.

(2) Overall fund (unit payment): based on the actual payment salary of each year after January 1, 1998, it is transferred according to the sum of 12%. If the insured payment is less than one year, the transfer is calculated according to the actual payment months.

7. Where can I get a pension when I reach retirement age after transferring from different places?

Divided into the following situations.

(a) the basic old-age insurance relationship in the domicile, the domicile is responsible for receiving treatment procedures, enjoy the basic old-age insurance benefits.

(two) the basic old-age insurance relationship is not in the place where the household registration is located, but the accumulated payment period in the place where the basic old-age insurance relationship is located is over 10 years, and the treatment procedures shall be handled there to enjoy the local basic old-age insurance benefits.

(III) If the basic old-age insurance relationship is not located at the domicile, and the accumulated payment period in the locality where the basic old-age insurance relationship is located is less than 10 years, the basic old-age insurance relationship shall be transferred back to the original insured place where the payment period has reached 10 years, and the treatment shall be received and the basic old-age insurance benefits shall be enjoyed.

(4) If the basic old-age insurance relationship is not located at the domicile, and the accumulated payment period in each insured place is less than 10 years, the basic old-age insurance relationship and the corresponding funds shall be collected at the domicile, and the domicile shall go through the formalities for receiving benefits according to regulations and enjoy the basic old-age insurance benefits.

8. At that time, what will determine how much money you can get?

After the insured person transfers and continues the basic old-age insurance relationship, if he meets the conditions for receiving benefits, his basic pension will be calculated based on the average salary of employees in each year corresponding to his annual payment salary, payment period and the place where he receives benefits.

9. What are the policies related to migrant workers who participate in endowment insurance?

If migrant workers interrupt their employment or return home without continuing to pay fees, the social security agency of the original insured place shall keep their basic old-age insurance relationship, keep all their insurance payment records and personal accounts, and the amount stored in personal accounts shall continue to bear interest according to regulations.

Migrant workers who return to urban employment and continue to pay insurance premiums, regardless of whether they return to the original insured place for employment or go to other cities and towns for employment, shall calculate their payment period in accordance with the foregoing provisions, and calculate the amount of their personal accounts in a consolidated manner. Those who meet the conditions for receiving benefits shall enjoy the same basic old-age insurance benefits as urban workers;

If migrant workers no longer return to urban employment, their insurance payment records and personal accounts in urban areas are all valid, and they can enjoy the basic old-age insurance benefits for urban workers according to the actual situation of migrant workers, or they can be transferred to the new rural social old-age insurance when they meet the prescribed conditions for receiving them.

Text |?Zhang jikang

Editor on duty |?Orb

Vision |?Linxi

Not long ago, Dong Mingzhu reused a female cadre and divided Wang Ziru’s right to speak on channel reform.Lu Luqun, the new sales director in charge of Gree’s household appliances business department, is also an "iron lady" who once won the defense war of Gree Hebei dealers with great vigour.Recently, when Dong Mingzhu punched in Hanfu in the ancient city of Luoyi, Lu Luqun was also her Hanfu girlfriends group.

Wang Ziru’s opponent is here.

Dong Mingzhu, who is quick to talk, has been searched again because of some remarks.

Recently, when Dong Mingzhu talked about his feelings about the hit drama My Altay, he said that "migrant workers can resign if they want to relax, which is a personal choice". Then he said, "Like me, I haven’t had a rest for more than 30 years. Do you think it’s a loss or a blessing?" Not surprisingly, the migrant workers who have just been "backstab" by Wang Ma are still angry with Dong Mingzhu’s remarks.

As the "Iron Lady" who has been at the helm of Gree for more than 20 years, Dong Mingzhu has always been known for her bold personality and quick words. existAfter the revenue has reached the best record in history, Dong Mingzhu still hangs on the hot search for many times because of his remarks such as "Dong Yuhui’s national sea election" and "not firing young people".

There is a hot search for all kinds of comments here, and Dong Mingzhu is not idle there, and he frequently moves his knife internally. Recently, Gree Electric has welcomed a new "Iron Lady"-Lu Luqun.

In May, Gree Electric issued two notices in succession, one was "Notice on the Establishment of Household Appliances Business Department", and the other was "Notice on the appointment of Comrade Lu Luqun". The former announced that Gree Electric would set up the first household appliances business department in history, while the latter announced that Lu Luqun would be the sales director of the department. From the rank point of view, Lu Luqun, together with Wang Ziru, head of the channel reform project, will become Dong Mingzhu’s right-hand man in channel reform.

"It can be said that Wang Ziru has ushered in a competitor," said Liu Buchen, a senior analyst in the home appliance industry. "Wang Ziru has always been responsible for the channel reform, but now the channel of ice washing business has been handed over to Lu Luqun. To some extent, Wang Ziru will try to prove himself. ".

As a manager whose exposure is far less than that of Dong Mingzhu and Wang Ziru, Lu Luqun himself is somewhat mysterious, but he has been deeply involved in the home appliance industry. According to public information, Lu Luqun graduated from Zhejiang University of Finance and Economics, and worked in Fangtai E-commerce Department and JD.COM Retail Appliance Division successively.

What made Lu Luqun famous was the fact that Xu Zifa, the general distributor of Hebei, turned against the water and sold Philips. In 2022, Xu Zifa, the general distributor of Gree Hebei, suddenly changed to sell Philips Electric Appliances. Lu Lu Qun, then CEO of Zhuhai Huange Digital Technology Co., Ltd., was appointed as the general agent of Gree Electric in Hebei, which helped Gree quickly stabilize the dealer relationship.

It is understood that Lu Luqun has stabilized the market of Hebei dealers. In the first quarter of this year, the order amount of Gree dealers in Hebei exceeded 1 billion, the middle and high-end sales accounted for over 55%, and the installation volume increased by 30% year-on-year, setting the best result in recent years. After this battle, Lu Luqun was highly valued and valued by Dong Mingzhu more and more.

According to Tianyancha data, Lu Luqun is also the chairman of Henan Gree Ice Wash Sales Company. It is worth mentioning that this company was established on May 15th, a week before Gree held a new product launch conference in Luoyang.

In the recent public appearances of Dong Mingzhu, besides Wang Ziru, there are also many figures of Lu Luqun. Dong Mingzhu punched in Hanfu in the ancient city of Luoyi, and Lu Luqun was her best friend group of Hanfu. Dong Mingzhu visited Luoyang workshop, and Lu Luqun followed around. At the new product launch conference in Luoyang, Lu Lu Qun wearing a blue shirt was also quite eye-catching.

This conference, which has no air conditioning, only refrigerators, washing machines and other new products, is also the first public appearance of Lu Luqun after taking up his new job. At the meeting, dressed in a blue suit and skirt, she introduced new products to the dealers present, and explained how Gree would increase the sales of household appliances such as refrigerators and washing machines that Gree was not good at through digitalization.

"I didn’t know Lu Luqun well before, and this is the first time I met her." A dealer present told the "city boundary", "I felt that she was very capable and should be a very capable leader." On the social platform, some dealers also requested to take photos with Lu Luqun, and Lu Luqun himself smiled and responded, which seemed very friendly.

According to the dealers present, Wang Ziru, who had been accompanying Dong Mingzhu that day, did not give a speech on the stage.

Dealers are under great pressure

Although air conditioners, refrigerators and washing machines belong to white electricity, they are interlaced like mountains.For today’s Gree, it is not easy to enter the ice washing track in the Red Sea.

"Gree’s brand label is too obvious, giving the public the impression that Gree is an air conditioner, and other businesses are definitely unprofessional," a veteran of the home appliance industry told the "city boundary". "Gree’s market share of washing machines and refrigerators is approaching zero. In the past few years, Gree’s Jinghong refrigerators still have some sales, and some Jinghong refrigerators on the JD.COM platform have sold tens of thousands of units. Looking at it now, the sales volume of a single unit is only a hundred digits. "

Jinghong refrigerator is one of the most famous brands in Gree’s ice washing business. Even so, it is hard to find its sales in the financial report. According to the data of Aoweiyun. com in April this year, Jinghong refrigerator can’t be found in the top 20 refrigerator brands in terms of online or offline channels.

"One is technology, and the other is pricing," the above-mentioned person said. "Jinghong refrigerator has no fresh-keeping technology, and the product pricing is a bit high. It may be that the management is too confident about its products."

"The lack of product strength itself is the fundamental factor that Gree can’t always sell white goods except air conditioners." Liu Buchen believes that "Gree has no breakthrough in white goods technology in recent years, and it is difficult to play an advantage because of the lack of explosive products. Air conditioners do well, which does not mean that refrigerators and washing machines can also do well."

On the other hand, the independent ice washing business is also facing greater channel pressure. Although Dong Mingzhu promised not to let dealers do business at a loss at the scene, judging from the increasingly tense relationship between dealers and Gree, it is also a difficult problem to persuade dealers to sell products that Gree has little advantage.

Since the impact of e-commerce, Gree Electric, which has always been inseparable from offline dealers, has gradually reformed its channels and marched online. In order to seize the lost market, Gree tried to attract consumers with low-price strategy, but it violated the interests of the huge offline distribution network, and the dissatisfaction accumulated day by day.

In 2020, Dong Mingzhu began live broadcast with goods, with 13 live broadcasts, with sales of 47.62 billion yuan, accounting for 27.93% of Gree Electric’s revenue that year. However, such achievements are sold at a price lower than the dealer’s price. According to media reports at that time, the price of one inverter air conditioner in Gree was close to 2,300 yuan, and the price of ordering in the live room was only 1,819 yuan.

How beautiful the live data is, how ugly the face of the offline dealer is. The offline staff told the "city boundary" that many air conditioners sold live at that time were contracted by dealers because of the low price. According to Dong Mingzhu, in the sales of a live broadcast, GMV diverted by dealers can reach one third of the total revenue.

However, just after the live broadcast of the 618 th National Congress in that year, the third largest shareholder of the company, namely Gree’s distributor channel alliance "Jinghai Internet" reduced its holdings by 110 million shares, accounting for 1.86% of Gree Electric’s total share capital, and cashed in more than 3.5 billion yuan.

"Dong Mingzhu stores, JD.COM, Tmall and offline stores have more channels, and consumers have started to shop around. In the past, an air conditioner could earn hundreds of dollars, but now it is a smile to earn a hundred." The above personnel said.

Such reform has also brought Gree Electric’s relationship with veterans who have worked hard together to a freezing point.

In 2021, Huang Hui, the CEO who was once known as Dong Mingzhu’s successor, joined Philips Air Conditioning, and Vinfom Hu, the assistant to the president, and Xu Zifa, a distributor in Hebei, also switched from Gree to Philips. Guo Shuzhan, a big distributor in Henan Province, joined Midea, while Duan Xiufeng, a big distributor in Shandong Province, started to operate the "fourth platform" to sell brands of electrical appliances such as Oaks, Gree Electric and Midea, and "everyone sells them".

Not only that, but the sales pressure of dealers is also getting bigger and bigger. Many dealers have to digest the backlog of inventory pressure by themselves. "Especially after 2020, Gree will introduce some special packages to dealers, but dealers need to raise some mid-to high-end machines in proportion, such as the Moon Goddess." Relevant persons from channels told the "city boundary" that "the goddess of the moon must be mentioned in the rebate, otherwise the rebate money will be gone."

As a high-end model launched by Gree, the performance of the Moon Goddess with a price of more than 8,000 yuan on the e-commerce platform is also unsatisfactory. In the flagship store jointly operated by Gree, a household appliance in JD.COM, the monthly sales volume of Moon Goddess is only 17 pieces.

"In the past, there were rewards for cashback every New Year Festival and Home Improvement Festival, but now there are very few, even if there are subsidies, there is a lot less." The person said.

Difficult to find the second curve

Integrating marketing, splitting channels, and promoting Lu Luqun, all kinds of actions show that Gree Electric doesn’t want to let the air-conditioning business be the only one.

Gree Electric mentioned in the original notice of "Establishing Household Appliances Business Department" that the functions and personnel of household air conditioner, small household appliances business department, ice washer and household appliances business department should be merged. In addition, Dong Mingzhu also indicated that it would set up independent sales companies for refrigerators, washing machines and household appliances in various provinces in China.

This means that Gree Electric will focus on the ice washing business in marketing, but in terms of channels, it will separate the air conditioning business, so that air conditioners, refrigerators and washing machines will no longer be sold together.

For a long time, the slogan "Good air conditioning, made by Gree" has been deeply rooted in consumers’ minds. Air-conditioning business has also consistently accounted for more than 70% of Gree Electric’s total revenue. Thanks to the influence of global warming, the air-conditioning industry ushered in a recovery last year, with the first positive growth in shipments in the past three years, which also enabled Gree Electric to achieve the best performance in history.

In 2023, the total revenue of Gree’s air-conditioning business was 151.2 billion yuan, up 12.13% year-on-year, which directly led Gree to break through the revenue mark of 200 billion yuan, up 7.82% year-on-year. On the other hand, the total revenue of household appliances business was only 4 billion yuan, accounting for only 1.96%, down 12.39% year-on-year.

In contrast, Midea’s HVAC revenue in 2023 was 161.111 billion yuan, accounting for 43.31% of revenue, but the revenue of consumer appliances was 134.692 billion yuan, accounting for 36.2% of revenue.

Air-conditioning business accounts for the bulk, which is closely related to Dong Mingzhu’s attitude of betting on air-conditioning. Before entering Gree, Dong Mingzhu read in the newspaper that the greenhouse effect leads to global warming, and residents’ income is getting higher and higher. She judged that the air-conditioning industry must make a lot of money in the future. As for other diversification measures, Dong Mingzhu has been less interested.

The most intuitive embodiment is in Gree’s cash flow. For a long time, Gree was a full cash cow, with abundant funds on the account, cautious investment in M&A, and less capital expenditure of the company. It is also known for its high dividends. On the one hand, this is the embodiment of Gree’s strong ability to resist risks, but on the other hand, there are many "dead money" in the account, which also means that Gree’s development strategy is more traditional and there is strategic confusion about where to go.

If the internal goal tends to be stable, then it must be the external environment that promotes its change. In the first half of 2015, Gree Electric lost the status of air conditioner boss and wasBeyond. Since 2020, Gree Electric’s air-conditioning revenue has been continuously surpassed by Midea Group, and the gap has widened from 3.3 billion yuan to 9.9 billion yuan in 2023.

It is also from these years that Gree Electric began to eagerly seek diversified layout. In 2021, the business composition of Gree’s annual report expanded from five to seven, with two more items called industrial products and green energy. From mobile phones, industryFrom new energy vehicles to prefabricated vegetables and semiconductors, Gree has entered the game. Some, such as Gree mobile phones, have gone up in smoke, and some have not brought obvious revenue in the short term. In 2023, the combined revenue of the two new businesses was only 8.34%.

On the other hand, Gree’s dependence on air-conditioning business is growing, from less than 70% in 2019 to more than 70% today.

In recent years, Dong Mingzhu’s revenue target for Gree Electric has also been gradually downgraded. In 2018, Dong Mingzhu said that the sales target of Gree Electric in 2023 was 600 billion yuan. After failing to achieve the target of 600 billion yuan, Dong Mingzhu changed his mind to double Gree Electric’s performance in the next five years, that is, to create a Gree in five years. However, where will this increase of 200 billion come from?

　　China Economic Net, Beijing, September 21-On the 17th, the central bank launched a one-year MLF (medium-term lending facility) operation of 265 billion yuan in the open market. As no liquidity instruments of the central bank expired, all the MLF funds were put into the market. After the central bank announced the MLF operation, a wave of media made an eye-catching interpretation: "Yang Ma released 265 billion yuan".

　　Is this really the case?

　　The article "Trader Chun Shenjun" pointed out that the central bank is called the bank of the bank. When the bank is short of money, it will borrow from the central bank for emergency. Open market operation is the means by which the central bank lends money to banks. Open market operations are divided into positive repurchase and reverse repurchase. Positive repurchase means that the central bank borrows money from banks to recover liquidity, while reverse repurchase means that the central bank lends money to banks to release liquidity. Every day, the reverse repurchase will expire, and the amount of operation MINUS the amount of maturity is the net investment. There is an index to measure the liquidity of funds: sentiment index of funds. When the index is greater than 50, it means that the funds are tight and the central bank needs to put in liquidity.

　　Image from trader Chun Shenjun’s article

　　According to the article, recently, due to the influence of centralized tax payment, the amount of funds in sentiment index has reached more than 60%, so the central bank put in funds to ease the market. "So, this is not what we understand ‘ Release water ’ Regardless of his hundreds of billions, it doesn’t matter how big the number is, because the money will be automatically recovered in a few days. "

　　The article bluntly said that a WeChat official account can pay no attention to it if it only talks about "releasing water" with open market data.

　　For the open market operation of the central bank, the "Lu political commissar’s worldview" made an image metaphor in the article: to a certain extent, the central bank is like managing a pool that pumps water while filling water, and the name of the pool is the interbank market. When the water level in the interbank market is too high, the administrator central bank needs to turn on the pump to pump water; When the water level is too low, the central bank needs to turn on the tap to inject water.

　　From September 1 to 11 this year, the central bank did not invest in the open market, but from December 12 to 18, the central bank began to increase investment, and the cumulative net investment scale reached 695 billion yuan. Why is there such a big change in the scale of delivery?

　　The article explains that when the liquidity is relatively stable at the beginning of the month, the necessity of central bank investment will decline; When paying taxes in the middle of the month to return liquidity, the central bank needs to increase the amount of "water replenishment" in the open market. When the issuance of local bonds increases, the central bank needs to "replenish water" moderately to hedge the impact of local bond issuance and payment; When the funds raised by local bonds are converted into fiscal expenditure, the central bank will reduce the investment accordingly to prevent the "water level" in the interbank market from being too high.

　　So, how to judge whether the central bank is "releasing water"?

　　According to the article "EBS Collection Research", it is not only the open market operation that determines the water level of this pool in the inter-bank market, but there are several pipes for both water inflow and water outflow. For example, the occupation of funds by local debt issuance, the change of foreign exchange holdings, the collection and payment of fiscal deposits, and so on. Whether the central bank is "releasing water" depends not on how many MLFs it has made, but on a key indicator: DR007.

　　DR007 refers to the repurchase rate between banks and banks before. "Interest rate is the price of capital, just like the price of cabbage in the vegetable market. If there is a bumper harvest of cabbage, the price will definitely be low, which is the relationship between supply and demand. The price of funds is the same. If the People’s Bank of China releases water, then DR007 will definitely drop sharply. "

　　According to statistics, in fact, after the latest MLF operation of the central bank, DR007 did not decline. On September 14th, DR007 was 2.62%, and it was still 2.62% on the 17th. On the 18th, DR007 rose instead of falling, reaching 2.71%.

　　The picture comes from the public number of EBS fixed income research.

　　The article "Lu political commissar’s world outlook" also pointed out that while filling water and pumping water in the pool, how do you know whether the water level in the pool is appropriate? The interest rate of inter-bank funds is a very intuitive water level scale. In mid-September, although the central bank increased its efforts in the open market, DR007 remained relatively stable, with no obvious downward trend. Overall, since September, DR007 has fluctuated slightly around the center of 2.62%, reflecting that although the central bank’s investment has changed greatly, the "water level" of interbank liquidity is basically stable.

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　　On September 3, the domestic vegetable futures collectively changed, with both rapeseed meal futures and rapeseed oil futures hitting their daily limit, and rapeseed futures rose by more than 9%.

　　Wenhua Finance data show that as of 13:54 Beijing time, the main contract of rapeseed meal futures hit the daily limit price of 2375 yuan/ton, up 6.03%; the main contract of rapeseed oil futures reported 8875 yuan/ton, up 5.32%, once hit the daily limit price of 8933 yuan/ton; the main contract of rapeseed futures reported 5276 yuan/ton, up 7.70%, and rose by more than 9% during the session.

　　On the news, on September 3, the spokesperson of the Ministry of Commerce pointed out in response to a reporter’s question on Canada’s trade restrictions against China that China will launch an anti-dumping investigation on Canadian rapeseed imports in accordance with relevant domestic laws and regulations and WTO rules. China will also initiate an anti-dumping investigation on Canadian chemical products based on domestic industry applications.

　　Industry insiders said that the above anti-dumping investigation news detonated the domestic cuisine futures market.

　　From a fundamental perspective, Galaxy FuturesResearcher Liu Qiannan said that in terms of European rapeseed, the European Union crop report in August continued to reduce the yield of European rapeseed from 3.1 tons/ha in July to 3.07 tons/ha, lower than the 5-year average. At present, the harvest of European rapeseed has been completed, and the output of new crops of European rapeseed has decreased by about 1.50 million tons year-on-year.

　　As for Canadian rapeseed, the rapeseed harvest has started one after another. As of the week of August 19, the rapeseed harvest progress in Alberta was only 0.2%, while the rapeseed harvest in Saskatchewan was 2%, lower than the same period last year. Recently, Statistics Canada raised the area sown and harvested last year’s rapeseed in Canada, which increased the output of old crops by 860,000 tons. At the same time, Canada raised the estimate of new crop production to 19.50 million tons, exceeding the market expectation of 19.217 million tons. In the next one to two weeks, the hot weather in Canada may continue, and the rainfall is expected to increase, but then the rainfall will continue to be less.

　　In terms of inventories, as of August 18, Canadian canola commercial inventories were 1.4949 million tons, down from the previous week, but inventories were significantly higher than the same period in history, and short-term Canadian canola supplies remained loose.

　　On the current Chinese rapeseed inventory, land futures research institute analyst Liu Huihua said that due to the large number of imports, rapeseed inventory as a whole is high, August 23 week coastal oil plant rapeseed inventory of 468,500 tons, slightly lower than the previous two weeks 500,000 tons of inventory.