Technology Weekly | Foxconn’s situation affects people’s hearts, Musk buys Twitter for $44 billion

Foxconn’s situation affects people’s hearts, the company previously responded that production is relatively stable

According to incomplete statistics, as of 22:30 on October 29, 2022, five places including Yuzhou City, Changge City, Qinyang City, Xuchang City, Weidu District and Xihua County in Henan issued a statement to Foxconn staff. The open letter indicates that the local household registration employees are ready to return to their hometowns. All localities have stated that those who really need to return to their hometowns need to report in advance, and implement “point-to-point” services and corresponding isolation measures.

Among them, Changge City proposed that it needs to have a fixed local residence, and provide a nucleic acid negative certificate for 3 days and an antigen negative certificate on the same day; Xihua County’s open letter shows that it is clear that it will organize a special car to go to the Foxconn factory in Zhengzhou on the 30th. , and the expenses will be borne by yourself during the centralized isolation period. The epidemic prevention department in the local Xixia Town confirmed this information, saying that they will be picked up one after another starting from the 30th. If you need to return home, please report to the village in time.

Not long ago, at noon on October 26, Foxconn Technology Group issued a statement stating that “about 20,000 people in Zhengzhou Park” circulating on the Internet were seriously false information. Foxconn told the First Financial Reporter that the current production and operation in the park is relatively stable, and the safety protection of on-the-job employees is being continued.

Comments: As Apple’s largest foundry, Foxconn’s production line assembles most of Apple’s iPhone smartphones. The company’s safe and stable production and employee health and safety have received widespread attention from the society.

Apple’s September iPhone sales hit record high

Apple Inc reported revenue and profit on Thursday that topped Wall Street expectations, becoming one of the few companies in the tech industry to maintain strong growth despite inflation and a weak economy.

Apple’s revenue rose 8 percent to $90.1 billion in the quarter ended September, beating estimates of $88.9 billion, and net income was $1.29 a share, beating analysts’ average estimate of $1.27 a share.

Still, Apple remains cautious about its forecast for the upcoming holiday quarter. While no specific figures were provided, Apple said revenue growth in the next quarter would be less than 8%.

Overall, U.S. technology companies are facing challenges such as a weak economy and a strong dollar. The financial reports of Amazon, Meta, Google and other companies in the past week have shown a sharp slowdown in growth. All-time low.

Comments: The pessimism of the economy is spreading to the technology sector, and the market expects that corporate online spending and digital advertising investment will decrease, which will significantly decelerate the revenue growth of Internet giants that rely on online revenue. In recent years, Apple’s sales strategy has gradually shifted to the high-end. Benefiting from the strong demand for the high-end iPhone Pro series, the company has become a thriving company.

Musk fires top executives after announcing $44 billion acquisition of Twitter

After a series of twists and turns, Tesla CEO Elon Musk’s $44 billion acquisition of Twitter (Twitter) has finally come to an end. The world’s richest man changed his introduction on the social platform to “Chief of Twitter” on Thursday. Twit”, Twitter executive.

Following the Twitter acquisition, Musk is expected to fire the company’s chief executive, Parag Agrawal, along with chief financial officer Ned Segal and head of legal affairs and policy Vijaya Gadde. Musk accused the Twitter executives of driving the number of fake accounts on the social media platform and misleading him and Twitter’s investors.

Musk also promised to clean up fake accounts on the platform and make the platform’s algorithm for recommending content to users more open and transparent. Musk has said that more trust needs to be built among the user community, and the way to do this is to open source the algorithm to be open and transparent.

Comments: It’s still uncertain whether Musk will try to become CEO of the company, which has lacked a strong core leader since Twitter co-founder Jack Dorsey abruptly resigned last year. And considering that Musk is already the CEO of three companies including Tesla, SpaceX and Neuralink, it is also questionable whether he still has the energy to invest in a social media.

Lee Jae-yong appointed chairman of Samsung Electronics

On October 27, Lee Jae-yong, the third-generation head of Samsung, was appointed as the chairman (ie chairman) by the Samsung Electronics board of directors. Before that, he had been the vice chairman of Samsung Electronics for ten years. After taking office, facing the severe business environment, he is accelerating the company’s innovation and strengthening the semiconductor business in order to create a “new Samsung”.

Comments: Samsung Electronics officially opened the era of Lee Jae-yong. It is expected that Samsung Electronics will increase its investment in the semiconductor field and further develop its biomedical business. How to improve Samsung Electronics’ governance structure and gain more trust from the outside world, as well as how to speed up the deployment of new technologies and restore the company’s profits are the important tasks on Li Zaiyong’s shoulders. Lee Jae-yong appointed chairman of Samsung Electronics

E-cigarette clear tax increase policy

On October 25, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation issued the “Announcement on the Collection of Consumption Tax on Electronic Cigarettes”, which included electronic cigarettes in the scope of consumption tax collection. The tax rate for production (import) is 36%, and the tax rate for wholesale is 11%, effective from November 1, 2022.

Comments: Although e-cigarettes and cigarettes were both cigarette consumer products before, there were obvious differences in taxation. The former was regarded as a common consumer product, and the value-added tax rate was 13%, and no consumption tax was required. The update of the tax policy will put pressure on the income of e-cigarette manufacturers, but also promote more manufacturers to take the export path. Affected by the release of e-cigarette taxation news, the industry believes that the current profit is exhausted, and the stock prices of e-cigarette-related companies such as Fog Core Technology and Smol International have also risen to a certain extent.

New Oriental TAL Announces Financial Report, Gradually Entering the Track of Healthy Development

On the 26th and 28th, New Oriental (NYSE: EDU; Hong Kong Stock Exchange: 9901) and TAL.US respectively announced new quarterly financial reports, of which New Oriental’s net revenue for the quarter fell 43.1% year-on-year to $745 million. The main reason was the impact of the termination of the after-school tutoring business for K-9 subjects; operating profit increased by 140.5% year-on-year to US$78 million; TAL’s new quarter net revenue was US$294.1 million, compared with US$1.4439 billion in the same period last year. A decrease of 79.6% compared to the same period last year, the net loss attributable to TAL was US$800,000, compared with a net loss of US$826.5 million in the same period last year.

Comments: After the implementation of the policy, education companies have adjusted and adapted to try new businesses to expand revenue sources, gradually showing a healthy development momentum. Taking New Oriental as an example, the live e-commerce platform of New Oriental Online has injected vitality into the group. Zhou Chenggang, CEO of New Oriental, said that the number of subscriptions and users of Dongxuan, a new e-commerce platform under New Oriental Online featuring the sale of agricultural products and other products, continued to grow rapidly. increase. At present, Oriental Selection is actively expanding other channels besides Douyin.

The company behind “The Sheep Got a Sheep” received a dividend of 1 billion and appeared on the hot search, and the company responded

On October 27th, the company behind the sheep is now clearing the stock and paying dividends# once rushed to the hot search. On the evening of the 26th, Gigabit (603444) released its third quarterly report. The company achieved operating income of 3.83 billion yuan in the first three quarters, a year-on-year increase of 9.89%; net profit was 1.012 billion yuan, a year-on-year decrease of 16.07%.

The dividend plan disclosed in the Gigabit financial report also shows that the company plans to distribute a cash dividend of 140 yuan (tax included) for every 10 shares, with a total planned dividend of 1.006 billion yuan. This means that Gigabit will distribute almost all of its net profit in the first three quarters as dividends.

Many netizens equate 1 billion net profit with “The Sheep”. In fact, Gigabit indirectly holds a 20% stake in Beijing Jianyou, the developer of “The Sheep”, through the holding company. Gigabit has publicly replied that the profitability of “Sheep’s Goat” has a certain positive impact on the company’s investment sector earnings, but the overall impact will not be too great. After rushing to the hot search and causing extensive discussion, the board secretary of Gigabit replied again that the revenue of “The Sheep” did not account for a large proportion, and only had a positive impact on the investment sector.

Comments: Gigabit has always had a tradition of high dividends. Since its listing in 2017, in addition to the dividends reported in the third quarterly report this year, the company has distributed dividends 6 times, with a cumulative cash distribution of nearly 3.3 billion yuan and a dividend rate of nearly 58%. This time, Gigabit paid dividends again. The company stated that it is to actively return the majority of investors, and comprehensively consider the funds required for the company’s sustainable development in the future and reasonable returns to investors.

Survey says 34% of consumers plan to reduce “Double Eleven” spending

Ahead of the 14th “Double Eleven”, a Bain & Company research survey found that consumers are getting tired of more and more shopping festivals, and retailers’ online penetration bonus is gradually disappearing. “Double Eleven” and “618”, the two major shopping events, together will contribute about 12% of China’s online retail sales in 2021.

A survey of nearly 3,000 consumers from different cities in China shows that the “Double Eleven” in 2022 is expected to decline compared with previous years in terms of consumer participation alone. Among the respondents who participated in last year’s “Double Eleven” and plan to continue participating this year, 34% of consumers plan to reduce their total online and offline spending during this year’s “Double Eleven” period; only 24% Respondents indicated that they would increase consumer spending.

Since last year, the GMV growth rate of large-scale shopping festivals has declined significantly. Last year, the growth rate of the “Double Eleven” turnover was only 13%. In the past few years, the growth rate of GMV has been more than 30%.

Comments: In recent years, Tmall, Douyin and Kuaishou have all launched new shopping festivals, which has led to consumer burnout of promotions. Bain’s analysis believes that the main reason for the slowdown in GMV growth is that it is increasingly difficult for e-commerce platforms to acquire new customers. In the past, consumers in low-tier cities (third-tier and below) were the main force driving the growth of Double 11 GMV, but this year, only 8% of respondents in low-tier cities who are planning to participate in this year’s Double 11 are new customers. 12% in 2021.

The three major operators made an average daily profit of 476 million yuan in the third quarter

On the evening of October 28, China Unicom disclosed the report for the third quarter of 2022. The announcement showed that in the first three quarters, the company’s operating income reached 263.98 billion yuan, an increase of 8.0% over the same period last year, and the net profit attributable to the parent company was 6.83 billion yuan. Up 20.4% over the same period last year. China Unicom’s operating income and net profit attributable to the parent company hit the highest levels in the same period since listing.

Comments: So far, the three quarterly reports of the three major telecom operators have been released. In the first three quarters of 2022, China Mobile achieved operating income of 723.5 billion yuan. China Telecom achieved operating income of 357.843 billion yuan, an increase of 9.6% over the same period last year. Including China Unicom’s data, based on the 273 days in the first three quarters of 2022, the three major operators achieved an average daily operating income of 4.928 billion yuan in the first three quarters of this year, and an average daily profit of 476 million yuan.

AI-assisted drug development AI drug computing platform released

On October 29, the artificial intelligence molecular simulation company Shenshi Technology released a new generation of drug computing design platform Hermite in Shanghai, providing data, algorithms and computing power support for the drug research and development process.

Aiming at the pain point that it is difficult to take into account the accuracy and speed in the traditional molecular simulation process, the new generation artificial intelligence molecular simulation platform of Shenshi Technology adopts the new scientific research paradigm of “multi-scale modeling + machine learning + high-performance computing”, based on AI, Physical modeling and high-performance computing can provide solutions for protein structure prediction and optimization, ultra-high-throughput virtual screening of hit compounds, accurate prediction of drug-target binding modes, and lead compound optimization based on free energy perturbation.

Comments: Behind all changes are the innovations of the underlying scientific algorithms. Artificial intelligence is providing design inspiration and computational power for drug discovery. The combination of AI and molecular simulation will provide a new generation of infrastructure for human research on the microscopic world. Globally, DeepMind’s predictions in protein folding have made a major leap in the field of biology. As more artificial intelligence companies use AI for new drug discovery, it is also expected to accelerate the development of new drugs in the future and detonate a new revolution in basic science.