China Fund News Taylor
Hello brothers and sisters, come and see what happened on the evening of the 19th...
Xiaomi's net profit in the first quarter fell by 52.9% year-on-year
On May 19, Xiaomi Group released its financial report for the first quarter of 2022.
According to the financial report, Xiaomi's total revenue in the first quarter reached 73.4 billion yuan, down 4.6% year-on-year; the loss during the period was 530 million yuan, the profit in the same period last year was 7.789 billion yuan, and the adjusted net profit reached 2.9 billion yuan, down 52.9% year-on-year.
According to the financial report, Xiaomi lost 3.5 billion yuan in investment in the first quarter of this year, compared with an investment profit of 2.06 billion yuan in the same period last year.
Among them, the revenue of the smartphone business was 45.8 billion yuan, down 9.3% month-on-month, and the global smartphone market shipments were 38.5 million units, down 12.7% month-on-month. Xiaomi said that the supply of core components continues to be short, caused by the repeated outbreak of the new crown epidemic and the global macroeconomic environment. In addition, Internet service revenue was 7.1 billion yuan, an increase of 8.2% year-on-year; advertising business revenue was 4.5 billion yuan, an increase of 16.2% year-on-year; game business revenue was 1.1 billion yuan, an increase of 3.0%; overseas Internet business revenue was 1.6 billion yuan, an increase of 71.1% year-on-year, and the proportion of overall Internet service revenue continued to increase, reaching a record high of 21.9%.
After the release of the financial report, Wang Xiang, partner and president of Xiaomi Group, Lin Shiwei, vice president and CFO, Sun Qian, vice president of the finance department, and Wang Hua, general manager of the public relations department, attended the first financial report conference call held later.
Wang Xiang explained: First of all, the domestic epidemic has a very big impact on our production and logistics organizations, the epidemic in Shanghai superimposed on our sales and stores in Shanghai, there are many stores are basically in a closed state, and the epidemic has also had a relatively large negative impact on consumers' desire to buy, so the overall demand is not particularly strong, and the impact on sales is still quite large. At the same time, due to the increase in logistics costs and some logistics problems caused by control, there are some impacts not only on the local Chinese market, but also on the global market. As you may all know, take the smart phone as an example, its mode of transportation is air freight, in a long period of time, Hong Kong is a very important airport for us, from Hong Kong to transport products to the rest of the world by air, the epidemic in Hong Kong in the first quarter caused a great impact on our logistics. We are still confident, after all, the epidemic will pass, we will stick to our determination, and then continue to invest in new key areas and traditional areas. In addition, since the first quarter, we have been doing optimization to continuously improve the operational efficiency of the Group, laying a particularly good foundation for future development and opportunities.
The giants are rumored to be layoffs
On the evening of the 19th, the fund Jun saw many reports of layoffs in large companies.
1, beautiful
On the morning of May 19, the news, recently, the pulse platform came out of the Midea layoff news, today, the official number of the Midea Group responded to the layoff news. "In view of the judgment of the internal and external environment, the company has orderly contracted non-core business, suspended non-operational investment, and taken multiple measures to further consolidate growth potential and improve operating performance."
2. Xiaopeng Automobile, Ideal Car
Employees inside Xiaopeng Motors left a message on the recruitment social platform that the company's department is adjusting, and the proportion of layoffs in some departments may reach 30%. On the social platform, many users also said that Xiaopeng Automobile destroyed the campus recruitment.
Just a few days ago, the ideal of destroying the school's enrollment was also exposed. Many people have signed tripartite agreements with Ideal Automobile and the school, ready to wait for the graduation defense to be hired, and as a result, they will be laid off before they are officially hired. Later, Ideal Auto responded, saying that it was a business adjustment, and some positions were closed, involving some of the school's enrollment partners who had not yet entered the school this year. At the same time, it provides a plan for the selection of job transfer and settlement compensation, and for students who do not have a suitable position, they will be compensated for one month's salary.
3. Royole Technology lays off employees
Flexible display manufacturer Royole Technology opened a round of layoffs on Wednesday. This is the first large-scale layoff after Royole fell into a capital chain crisis. On May 18, Royole HR began to inform some employees of the decision to lay off employees, and all employees who received the notification needed to choose a severance compensation plan by this Friday.
4. ByteDance
There is news in the market that the Byte Games team has laid off 80% of its staff in the distribution business line. The relevant person in charge said that the information was untrue, and some businesses did have adjustments, but there were no large-scale layoffs.
Rare disease, multi-country outbreak
Recently, there have been monkeypox outbreaks in many countries.
On May 18, local time, the first case of monkeypox of the year occurred in the United States.
As of May 18, local time, the UK has found 9 confirmed cases in two weeks.
In addition, Spain, Portugal and other European countries have also said that dozens of confirmed and suspected cases of monkeypox have been found.
According to Western media local time reported on the 19th, the Spanish Ministry of Health began to prepare procedures for approving the purchase of a large number of traditional smallpox vaccines to prevent possible monkeypox outbreaks. The smallpox vaccine the country plans to buy is manufactured by a laboratory in Denmark, and the European Medicines Agency authorized the use of the vaccine in 2013 to fight traditional smallpox diseases, which also helps stop the spread of the monkeypox virus. The Spanish Ministry of Health plans to use the smallpox vaccine only for close contacts of monkeypox cases. To date, 7 cases of monkeypox have been confirmed in the Madrid region of the Spanish capital, another 24 suspected cases, and 1 suspected case has been detected in the Canary region.
The British Health Safety Agency issued a communiqué on the 18th, saying that the country added two more cases of human infection with monkeypox (hereinafter referred to as monkeypox cases), and a total of 9 cases have been confirmed. The US Centers for Disease Control and Prevention confirmed the first case of monkeypox in the United States this year on the 18th. The World Health Organization said that night that there was a possibility of more monkeypox cases in the UK.
The Uk's Health Security Agency said on the same day that the two new cases of monkeypox came from London and the south east of England. Between 6 and 15 May, 7 cases of monkeypox have been confirmed in the UK. The country's recently detected cases have not traveled to countries where monkeypox is endemic and may have spread the infection through communities.
Susan Hopkins, chief medical adviser to the UK Health Security Agency, said the situation was "rare and unusual" and that "these latest cases, as well as case reports from European countries, confirm our initial fear that monkeypox could spread in the community".
WHO issued a communiqué related to monkeypox cases in the UK on the 18th, saying that the source of infection of these cases has not yet been confirmed, according to known information, the infection seems to occur in the UK, it is not clear how much the monkeypox virus spreads in the UK mainland, and it is possible to find more cases. The agency recommended that the UK continue to strengthen public health measures.
According to media reports, Portugal, Spain and the United States have also recently reported confirmed or suspected cases of monkeypox. As of the 18th, Portugal has reported 5 confirmed cases of monkeypox and another 15 suspected cases; Spain has reported more than 20 suspected cases. These infected people are all male.
The U.S. Centers for Disease Control and Prevention confirmed on the 18th that there was a case of monkeypox in Massachusetts, USA, and this adult man infected with monkeypox had recently traveled to Canada. U.S. media reported that this is the first confirmed case of monkeypox in the United States in 2022.
The CDC said the agency is working with the Massachusetts Department of Public Health to investigate the case. The CDC urges U.S. healthcare organizations to pay close attention to patients with suspected monkeypox-induced rashes, whether they have a history of travel or are at high risk of monkeypox infection.
Monkeypox is a viral zoonotic disease that can be transmitted from animals to humans through close contact, and although it is not easily transmitted from person to person, it can also be infected in close contact with an infected person. The initial symptoms of monkeypox infection include fever, headache, muscle aches, back pain, lymphadenopathy, etc., which can then develop into a widespread rash on the face and body. Most infected people recover within a few weeks, but some are in severe condition.
WHO notes that monkeypox viruses have evolutionary branches in West Africa and evolutionary branches in the Congo Basin (Central Africa). The West African branch of the virus has been documented to have a case fatality rate of about 1 percent, and its Congo Basin branch may have a case fatality rate of 10 percent. Infection of monkeypox by pregnant women during pregnancy may lead to complications, congenital monkeypox in newborns, or stillbirth. Although vaccines and specific therapies have been approved for the treatment of monkeypox, they have not been widely used.
The first case of monkeypox infection in the Democratic Republic of the Congo was detected in 1970. According to the NHS website, monkeypox is mainly transmitted by wild animals in Parts of West or Central Africa, and the risk of infection in the UK is very low. The agency recommends that when traveling in West and Central Africa, the risk of monkeypox infection can be reduced by washing your hands with soap and eating thoroughly cooked meat.
The U.S. stock giant exploded
Chinese stocks rose
Let's look at the situation of the US stock market. On May 19, local time, the US Stock Dow fell, the Nasdaq rose slightly, and most of the popular Chinese stocks rose.
Network equipment giant Cisco plunged 13 percent after warning of a decline in sales this quarter and lowered its annual forecast as the pandemic-related lockdown and the war in Ukraine caused market disruption.
Cisco said in a statement Wednesday that in the quarter ending July, the company's sales would fall 1 percent to 5.5 percent, falling short of the nearly 6 percent growth analysts expected. Cisco's earnings expectations are also lower than Wall Street's.
Cisco today released its fiscal third quarter ended April 30, 2022. Cisco's fiscal third-quarter net revenue was $12.8 billion, unchanged from $12.8 billion in the year-ago quarter, and net income was $3 billion, up 6 percent from $2.9 billion in the year-ago quarter.
In addition, A50 and the renminbi are rising, and everyone can look forward to Friday's A-share market, and then have a happy 520 weekend. I wish you all happiness and happiness. That's it for tonight.