Back has left nearly a decade of Science and Technology of China participated in anniversary activities, a lot of emotion, although no longer the time when the HKUST and Tsinghua University, Beijing Commander's brilliant, when college life is still vivid.
Before the hearing to Hefei HKUST, said Yang to return to participate in the ceremony and delivered a speech, do not know whether these days celebrate the reunion of HKUST and Yuan, Qing Yuan last seen in September last year, or, a few years gone, Yuan Qing and white hair then think of yourself a lot more work, but the passion still around, character does not seem to change much, maybe it is this character so Yuanqing emerged as the leading world-renowned home-made president of the company.
know Yuan Qing HKUST graduate or a decade ago, when the celebration together with the yuan to the U.S. company meetings, a dozen-hour flight, and Yuen-hing just sit together, chatting to know during the year with their own dollars into the celebration of Science and Technology of China The difference is that element entry celebration is the master, the old Yao undergraduate reports, about the feelings of HKUST, Yuan Qing HKUST three years of education that will benefit their own life because of the style of study of Science and Technology, HKUST's ethos for Yuan Qing development.
fact that the official from the association also Yuanqing resume normal visibility, Yuan Ching's resume generally indicate China University of Technology Master's degree in their own little mention, in fact, as the Shanghai Jiaotong University graduates, proud as can Yuen-hing, and the element of undergraduate students in the celebration, there are many alumni have become a star, such as in the United States that year, accompanied by Yuen-hing seen Maodao Lin, Sina's CEO and later is the main investment providers, it also shows Yuanqing deep feelings for HKUST.
hero, the University created a Yang, Yuan-chin that presumably will not deny that, after all, the only directly under the Chinese Academy of Sciences as a key university Graduation Yuanqing Lenovo into the Academy of Science should not accidental, Yuan Qing Liu was his good fortune encountered, but also the good fortune Liu, Liu and Yang is a contemporary replica to Nicaragua, do not know if this is Yuen-hing of the Division big soft spot for one of the reasons.
know that this is 50 years anniversary of Science and Technology, Yuan Qing can send staff rushed to the Science and Technology, in addition to the association's name was prepared to donate a few million dollars worth of high-performance servers, but also specifically told to see if Lenovo Research Institute of Science and Technology in cooperation with research opportunities, do not know whether the Yuan and Qing in Hefei meet, after all, very tense time for each other, but re-entered the HKUST campus, just 50 HKUST-year history as a proud graduate still, Yuan Qing proud to school at HKUST as an excellent representative of the HKUST, Yuan Qing is the pride of HKUST.
association with HKUST has a very close link Although as head of Lenovo's Liu is not a graduate of UST, appearance, and Guo Wei Yang, the two go-getters are graduates of Science and Technology, HKUST graduates in these years will be more joining Lenovo, hoping to further the celebration of Science and Technology Lenovo to increase ties with the UST, and jointly promote the IT industry. (of the old Yao)
welcome blog material, please visit the old dark and quiet personal space: the old dark and quiet it, the most timely updates, preview,
Thursday, December 30, 2010
Wednesday, December 29, 2010
Fellow sent a gift Everybody
An egg cup of tea to the tea, the results it becomes boiled eggs;
an egg to go swimming the Songhua River, the results it becomes egg;
an egg go to Shandong, the results of it into the Lu ( halogen) eggs;
an egg become homeless, it becomes a wild eggs;
an egg on the way careful not to fall, fell to the ground, the result it becomes a missile;
people went to the yard, an egg, and the results it becomes an atomic bomb;
an egg go to the Tibetan Plateau, the results it becomes a hydrogen bomb;
an egg is sick, it becomes a bad result; < br> married an egg, and the results it becomes a jerk;
an egg go swimming in the river, the results it becomes a nuclear bomb;
an egg go to the flowers, and the results it becomes Hua Dan;
an egg riding a horse, holding a knife, the original it is Peking Opera Blues;
rolling an egg, the more the more rolling circle, the result becomes a circle egg - Happy New Year !
an egg to go swimming the Songhua River, the results it becomes egg;
an egg go to Shandong, the results of it into the Lu ( halogen) eggs;
an egg become homeless, it becomes a wild eggs;
an egg on the way careful not to fall, fell to the ground, the result it becomes a missile;
people went to the yard, an egg, and the results it becomes an atomic bomb;
an egg go to the Tibetan Plateau, the results it becomes a hydrogen bomb;
an egg is sick, it becomes a bad result; < br> married an egg, and the results it becomes a jerk;
an egg go swimming in the river, the results it becomes a nuclear bomb;
an egg go to the flowers, and the results it becomes Hua Dan;
an egg riding a horse, holding a knife, the original it is Peking Opera Blues;
rolling an egg, the more the more rolling circle, the result becomes a circle egg - Happy New Year !
Tuesday, December 28, 2010
Previous diary (b)
Log Title: turn out a number of jokes, posted for all to laugh:)
Published :2006-5-8 10:50:00
log: 1. One day, Xiao Ming's future wife's mother came to his home guests, wife's mother: pain up, he thought to himself: a ~ ~ must be driven out of the 2 ass, wife's mother is still yelling white ~ ~ ass when he placed third time to see the wife's mother rushed out and cursed, said: 2. a pair of very deep loving couples are celebrating their golden wedding day. to watch the middle-aged neighbor wants to know the first question: quarrel voice, Do not you never been any dispute between you? inconvenience to our honeymoon in the Grand Canyon, one of the hired a donkey. She's obviously lazy ass, walk did not take long to rely on the roadside to rest. I just heard my wife said coldly: 『first time.』 the second time to lazy ass, she pointed to a donkey, said: `This is the second time.』 When the donkey refused to go the third time, she calmly took out her rented pistol, put it to shoot! coldly said to me: the first 』『 cool 3. One day, Xiao Ming plaster hands, the teacher asked: : Rod shook his foot to a stone falls out, passers-by thought I saw an electric shock to the hand with a wooden stick to hit me so. Teacher: 4. One day, a university students in the arts community to the calligrapher that an elderly home in seven-year-old , the group of students visit on the calligrapher; students to ask questions calligrapher, calligrapher calligraphy on the side of the side to answer ..., chatting chatting students suddenly saw a dish of peanuts on the desk, and that students are welcome to eat , accidentally eating a full apology in which a student said; to apologize for the peanuts to eat, slowly raised his head and saw the calligrapher said to them; does not matter, because I like to eat chocolate, but I own a big old bite fixed so I usually eat chocolate regarded inside the peanut then spit in the dish; students ....... 5. Police caught a steal at the beach fill lobster men, for men shall be a fine punishment h: washed into the sea to swim, as long as I whistle, they swim back! how to make your pet lobster called back. look, you have Miss A? mother gifted quickly that there are A, O, so she let's all call in Miss Arong pick, Arong looked at places to pick one to accompany. night told her xxxx him, and asked how much money one night, one night a thousand dollars, said Miss O, Arong say: your service really good, I'll give you 1 million good. Miss elegant feel that they encountered, and told him that if Tomorrow there is a need to play 1380 ****** her. Arong called it the next day, Miss, she harder than yesterday, the service Arong, Arong gave her a million. lady asked him to A few days, Arong that lived 3 days you, your services, what trouble the third day. The first 3 days very happy lady down the service harder, Arong still gave him a million. It was around the Ms can not help but sigh, said: long time never met such good people like you off the, yes, sir, come from? Arong said: I Miss from the Shandong Province, said a coincidence ... you Yo, I is where the people Yo, you should not be on the Yangcun are you? Arong said: Yeah! Yeah! I live Murao Ah! Miss wrote: What a coincidence, ah, I live right end of the village, what are you come to Beijing for ? Arong said. no problem, I travel to Beijing, take along the way, I asked your mother give you 3 million What is the difference】 【dumbfounding? father said: pass key for my father by amplifying the small catch ---- the new father: ? you? you have the wrong. Will Stallone in it? Arnold Schwarzenegger blanket! Well, you die! a father and a phone call in the past ---- Dad: Try ---?, this interval of time before anyone connected, a connected call each other: Oh, really sorry! as just one trick, I did not mean to criticize your ------- What is dumbfounding】 【it? is Stallone, will just have no phone to me .......two bullets to kill green and red ghost ghosts? A: The first shot green ghost, ghosts scare the body such as the red blue and then as long as the situation got to h 9. morning I went to a foreign company to contact the business is completed, take the elevator downstairs. the elevator stopped at a floor, the door opened, saw a sexy girl dress, one hand holding handbags in one hand and hold the elevator door, leaning against the body, teasingly asked me: enough debauchery? I control the calm the raging trend analysis, people company is different, people are open to female employees of foreign companies, no wonder some people say that we lag behind than they are at least three decades, this sentence is justified. I said quietly: lewd lascivious the point is But I like it. I know I say this certainly looks cool, as a backbone influenced by traditional Chinese culture, children, the new trend in the new era of efforts to change their thinking before, not willing to fall behind. all of a sudden he girl suddenly hit me with handbags, the side said: This rogue !...... you Then I wake up, because she said was: Going Down, right? 10. One day, the serpent with the snake in the walk. pat snake serpent asked: serpent .. we really poisonous? ? . how to tell the octopus hands and feet? We often say that the octopus has eight legs, but it was also said to be eight tentacles. that in the end octopus has a few hands, a few feet? how to distinguish between hand and foot? Think about it, the right approach for a look at the answer: First catch an octopus, and then hammer to its head crushed, the octopus will touch your head is hands and feet the other is Hello. Method Two: If the octopus is the mother, then going to rape it, fake it, not when it has been fierce, said that a few of the hand waving, the other a few feet clip is tight. Method three: fart smell to it, it will is to hand over his nose, the other is the feet. Method four: give it a computer, is the hands on the keyboard, disk shrink up in the chair is the foot. Method Five: Summer, and will grasp the foot in Hong Kong of the hand, of course, is caught foot Hello! 12. a man a fire in his house, he hit 119, which is the following dialogue: ; at my house ah! train?! children are so ugly! 』could not help but cry after hearing the woman out, without the knowledge of the train saw the waitress do not know why the woman crying and so sad, so they want to comfort the woman said to her:『 Do not sorry again, and to drink a glass of water break. Oh, yes, there's a banana, give your monkey to eat! 』14. a man because they have to catch a boat, so the fastest car rushed to the dock. When he was open to the pier to see the ship has left the shore. He put a lock the door immediately to run the speed meter jump onto the boat, the action at one go, without any pause. He acted scared the whole boat people. very strange captain, said: Mr. ... it .... the ship has not docked 15. One day, a boor to a movie. After buying a ticket, entered the theater, but after a for a while, then angrily walked out to buy a ticket, went into the cinema. The ticket lady was very surprised, but still sold to him. Results After a minute, you see that yokel frantically rushed to the ticket booth, and then bought a ticket. The ticket lady asked him, a lady tear up my ticket. out of one thousand yuan to buy toys. Clerk: Well, little brother, this is a fake toy money can not buy a plane Oh! Xiao Ming: your aircraft is not really ah! 18. year-old daughter, Lily did not understand her mother Why is there a scar on belly. my mother explained to Lily: This is a doctor cut a knife, put you out of the place. Lili seriously for a moment, very seriously asked my mother: What did you eat me? 19. a at home when her daughter told her: . Teacher: our school from the next semester, taught in English to switch. A student: Wow! We do not understand. Teacher: Do not worry do not understand, learning language is to listen, you hear me speak English every day long period of time will naturally understand. B students: But every day I hear the family dog is called, did not know it talking about. 21. my pocket pen down her throat! : Why do doctors wear masks during surgery? A: The fear of an accident after being identified. 22. Beggar: Sir, before you give me a hundred dollars, why do today, just give me fifty dollars? kind-hearted man: In the past I was bachelor, have more spare cash, and I am now married, it must cut expenses and make ends meet. beggars: how can you take my money to support your wife? 23. children: : Dad said do not forget the ironing later 『』 h quiet, they would not wake the students to sleep in front of it! lose it? full of sleepy turtle ah! down to earth .... 』his roommate of curiosity, could not help but look at pictures trying to take advantage of the fairies came down, ready tois a face first land? 』27. a particular midterm, we all remind each other not to forget to take a cautious calculator. because the teacher explain the subject of special exam will be counted to several decimal places. only to get the bulk of self-confidence We show off the new phone: After the bulk of the students asked concerned. I saw a look of the shadow of the big head, said: photos, pictures will be waiting for automatic flushing. Shortly after that, washed out photos. exclaimed: my ...... 29. a final exam, students face a papers on the subject, one question will not, simply write in the papers: reimbursement, the division back on the volume batch: do not want milk, help me for the two fried dough sticks to the waiter immediately 』milk into fritters. when the person eats it, actually Paipaipigu wanted leave, the waiter stopped him and said:『 President, you have not pay for it! 』this man staring at once said:『 I fritters is to use soy milk in return, how can you pay me? 』waiter said:『 milk but you did not pay ah! 』At this time, This is the bigger man eyes wide: 『I did not drink milk one, why pay ah!』 31. there was a slow old lady she had a ticket, one day she went to the car, she put the ticket to a slow the driver, the driver said: dragged into the trap of default by the press, so be careful. at the airport, a reporter saw the bishop to ask: sing love songs, she threw me a flower. B: ah! Mui A four times: before you how the three wives? B: They were dead A: how could this happen? B: The first wife is dead to eat poisonous mushrooms! A: Poor thing. that second wife? B: She is eating poisonous mushrooms die! A: The third wife? is poisoned by toxic mushrooms? B: No! break her neck and died! A: accidental ? B: Yes, ah .. nice because she refused to eat the poisonous mushrooms Well .... 35. airport control tower: please give me more detailed instructions? my last visit to Hawaii, when there is no stop at the airport, :, fighting, and even hate each other, to cause each other to death! but they also think they go on so long, not solution! So .. one day they similar, trying to find a permanent solution! A: This struggle down, not good for us, they might also cheaper third party .... B: You're right, in this love game, the two of us, the only one there! you have any way up once and for all? A: ah h Have you heard of Russian Roulette 』『 duel way? is to only put a pistol bullet. and then turns to his head, another shot, a first serve, whoever shot, he lost forever! B: ah h I know this rule. good! very fair! This is final! However, you have a gun here? saw A nodded and pulled out a Start flooded the city, a priest at the church to pray and watch the flood has Yandao his body, and suddenly a lifeguard sail boat with the priest said: !, and driving a police boat with the priest said: I!! ! Otherwise, you will drown in the flood!! , met with God is very angry and asked: a helicopter to rescue you, do not you want to take the aircraft carrier before it? ink sticks are washed with wash down the side of the side also said .. .... He decided to do a test, so he gave the U.S. five thousand yuan each and every girl and see how they handle the money .. re the first girl dressed from head to toe, she went to a beauty salon designed a new hairstyle, painted a beautiful makeup, also bought a new jewelry to dress for the man's neat. She told him: she did all to make him think she was more attractive, just because she is .. man so in love with him deeply moved. The second woman gave the man a lot of purchasing a gift, she bought him a set of golf balls, some computer accessories, and some expensive clothes .. When She took these gifts, she told him the reason to spend the money to buy gifts because she was so in love with him. men are deeply moved ~ the third girl invested the money into the securities market, she earned several times five thousand to five thousand yuan of money .. and then back to the man and the rest of the money to open a joint account the two men. She told him: she hopes to lay the economic foundation of the future of the two, because she is so love him .. of course, deeply moved by the man again ~ he considered the treatment of the three girls for a very long time, and then he decided. married to one of the biggest breasts girls wife!! PS: Men are the Death of Virtue!! 40. One day a madman to the plane, suddenly the captain announced that the plane is about to crash! the madman will immediately hear the toilet ran to the toilet to throw out two. I ask why? Answer: Because is no reason to act crazy ..! 41. One day, Little Britain cross the road, a car came towards him open. Xiaoying, shouting, the results hit the street car poles, the owner of a small territory of dead, Little Britain has also been knocked down utility poles crushed to death, this time a small wing heard this from, but eventually died! Why? answer: come out of the toilet was crushed to death! 42. A Very stupid robbers sneaked into a people, is turn on the safe, suddenly a lot of noise, the results caught the thief. Why? because he is not safe .... turn the radio! .. 43. A post-hunters hunting big beast and his wife, mother went to the woods hunting, and take a whole day, night, deep in the jungle camp. The next morning, his wife woke to find his mother gone, the hunter quickly wake up, go out to find someone. Results from an empty camp near on the ground, they see shocking scene: mother lion adults and a fierce face a stalemate. the fault of people, they want to solve it! ah! I was doing something wrong in the end, you have to punish me so! 〔〕 his eighth of the father that you own it! seventh 〔〕 not come over! come back, I die in front of you! 〔sixth Name〕 you hit me!? good! I go, I go now! 〔〕 fifth leave me! you go! Fast ah! fourth 〔〕 No! I do not believe it! I do not believe it! I do not believe (elongated sound) third 〔〕 BS! kill you to shave with it! second 〔〕 BS! look trick! 〔〕 first Gosh! Dad, Mum, they do not come hh 45. a foreigner traveling to the mainland, passing a factory, the factory somewhere there is a warning signs were written in English: the 『』 on electricity, but foreigners are still being electrocuted, and why? answer: Because English is: YOU DIAN WEI XIAN 46. Xiaojun first to Beijing, only to see the street into the city to schedule a lot of people. curious explore what happens, all the original recipe in the strike 』『 Wing Chun is not drowning, following the line also. turn Jun There is a shed when I saw the old man, a table and put a desk ~ ink stone, ink and a brush. elderly people to receive the cost of twelve Jun, after pulling up shirt to reveal belly Rong Jun, the elderly Mexican holding pen How to go Wing Chun to the front, with a focused look at the bottom of his ribs and then drew a line .... ~ stringent told him: 47.. there was a man sitting in a hot air balloon floating in the sky, knew it lost, he fell to the ground on hot-air balloon, a passerby to ask the way. ? would you know? What will know? body! You are the most stupid class? The students answered: proofs, since the proofs are very difficult, so many people are not. There is a such thing as students, make a cheat sheet (to answer pre-copied on a small sheet of paper) is just a test on his cheat sheet out of the question which proved question, so he wanted to stay to the last peace of mind to write. but soon received the final papers, he too late to copy, and sometimes anxious to pick up the glue which ....... the cheat sheet attached to the above question! result, he was remember a large too, but also become a campus legend .... 50. one day, and students went out to play .. chatting meal, the next table there is a desperate cry baby, so we really can not stand .. students in the cry I came Kebo smiling woman look told him: So the child to cry 啦 ~ hehe .. oh While we are all very useful laughed together when a child suddenly Kebo .. gentle and sincere girl, said: come .. and then landing on your chest Oh ~ The first member of the audience asked: I was not about to sit this row. Gentleman: Unfortunately, caught by security, was built a MTP 』『 Yinchong two characters. he was very upset, so spend some money through relationship, it is necessary to remove the term that the indecent. After a week, Friends told him to run. He thought, how can there be in the mainland as long as the money can not do a thing? results after he received MTP excitedly opened it, which impressively built a three characters: . He will return to Taiwan a month .... friends with him again and again to ensure that a certain right, but the etiquette absolutely essential. Then, after a week, friends came to him and said: ! Mother intercede, said: prohibiting fishing, but you catch here, I want to fine you 100 dollars. anglers: What is it! I was teaching my worm to swim it! Police: earthworms can lend me your look? fishermen: Certainly ..... the police thought a moment: your skinny earthworms, prejudice ...
Published :2006-5-8 10:50:00
log: 1. One day, Xiao Ming's future wife's mother came to his home guests, wife's mother: pain up, he thought to himself: a ~ ~ must be driven out of the 2 ass, wife's mother is still yelling white ~ ~ ass when he placed third time to see the wife's mother rushed out and cursed, said: 2. a pair of very deep loving couples are celebrating their golden wedding day. to watch the middle-aged neighbor wants to know the first question: quarrel voice, Do not you never been any dispute between you? inconvenience to our honeymoon in the Grand Canyon, one of the hired a donkey. She's obviously lazy ass, walk did not take long to rely on the roadside to rest. I just heard my wife said coldly: 『first time.』 the second time to lazy ass, she pointed to a donkey, said: `This is the second time.』 When the donkey refused to go the third time, she calmly took out her rented pistol, put it to shoot! coldly said to me: the first 』『 cool 3. One day, Xiao Ming plaster hands, the teacher asked: : Rod shook his foot to a stone falls out, passers-by thought I saw an electric shock to the hand with a wooden stick to hit me so. Teacher: 4. One day, a university students in the arts community to the calligrapher that an elderly home in seven-year-old , the group of students visit on the calligrapher; students to ask questions calligrapher, calligrapher calligraphy on the side of the side to answer ..., chatting chatting students suddenly saw a dish of peanuts on the desk, and that students are welcome to eat , accidentally eating a full apology in which a student said; to apologize for the peanuts to eat, slowly raised his head and saw the calligrapher said to them; does not matter, because I like to eat chocolate, but I own a big old bite fixed so I usually eat chocolate regarded inside the peanut then spit in the dish; students ....... 5. Police caught a steal at the beach fill lobster men, for men shall be a fine punishment h: washed into the sea to swim, as long as I whistle, they swim back! how to make your pet lobster called back. look, you have Miss A? mother gifted quickly that there are A, O, so she let's all call in Miss Arong pick, Arong looked at places to pick one to accompany. night told her xxxx him, and asked how much money one night, one night a thousand dollars, said Miss O, Arong say: your service really good, I'll give you 1 million good. Miss elegant feel that they encountered, and told him that if Tomorrow there is a need to play 1380 ****** her. Arong called it the next day, Miss, she harder than yesterday, the service Arong, Arong gave her a million. lady asked him to A few days, Arong that lived 3 days you, your services, what trouble the third day. The first 3 days very happy lady down the service harder, Arong still gave him a million. It was around the Ms can not help but sigh, said: long time never met such good people like you off the, yes, sir, come from? Arong said: I Miss from the Shandong Province, said a coincidence ... you Yo, I is where the people Yo, you should not be on the Yangcun are you? Arong said: Yeah! Yeah! I live Murao Ah! Miss wrote: What a coincidence, ah, I live right end of the village, what are you come to Beijing for ? Arong said. no problem, I travel to Beijing, take along the way, I asked your mother give you 3 million What is the difference】 【dumbfounding? father said: pass key for my father by amplifying the small catch ---- the new father: ? you? you have the wrong. Will Stallone in it? Arnold Schwarzenegger blanket! Well, you die! a father and a phone call in the past ---- Dad: Try ---?, this interval of time before anyone connected, a connected call each other: Oh, really sorry! as just one trick, I did not mean to criticize your ------- What is dumbfounding】 【it? is Stallone, will just have no phone to me .......two bullets to kill green and red ghost ghosts? A: The first shot green ghost, ghosts scare the body such as the red blue and then as long as the situation got to h 9. morning I went to a foreign company to contact the business is completed, take the elevator downstairs. the elevator stopped at a floor, the door opened, saw a sexy girl dress, one hand holding handbags in one hand and hold the elevator door, leaning against the body, teasingly asked me: enough debauchery? I control the calm the raging trend analysis, people company is different, people are open to female employees of foreign companies, no wonder some people say that we lag behind than they are at least three decades, this sentence is justified. I said quietly: lewd lascivious the point is But I like it. I know I say this certainly looks cool, as a backbone influenced by traditional Chinese culture, children, the new trend in the new era of efforts to change their thinking before, not willing to fall behind. all of a sudden he girl suddenly hit me with handbags, the side said: This rogue !...... you Then I wake up, because she said was: Going Down, right? 10. One day, the serpent with the snake in the walk. pat snake serpent asked: serpent .. we really poisonous? ? . how to tell the octopus hands and feet? We often say that the octopus has eight legs, but it was also said to be eight tentacles. that in the end octopus has a few hands, a few feet? how to distinguish between hand and foot? Think about it, the right approach for a look at the answer: First catch an octopus, and then hammer to its head crushed, the octopus will touch your head is hands and feet the other is Hello. Method Two: If the octopus is the mother, then going to rape it, fake it, not when it has been fierce, said that a few of the hand waving, the other a few feet clip is tight. Method three: fart smell to it, it will is to hand over his nose, the other is the feet. Method four: give it a computer, is the hands on the keyboard, disk shrink up in the chair is the foot. Method Five: Summer, and will grasp the foot in Hong Kong of the hand, of course, is caught foot Hello! 12. a man a fire in his house, he hit 119, which is the following dialogue: ; at my house ah! train?! children are so ugly! 』could not help but cry after hearing the woman out, without the knowledge of the train saw the waitress do not know why the woman crying and so sad, so they want to comfort the woman said to her:『 Do not sorry again, and to drink a glass of water break. Oh, yes, there's a banana, give your monkey to eat! 』14. a man because they have to catch a boat, so the fastest car rushed to the dock. When he was open to the pier to see the ship has left the shore. He put a lock the door immediately to run the speed meter jump onto the boat, the action at one go, without any pause. He acted scared the whole boat people. very strange captain, said: Mr. ... it .... the ship has not docked 15. One day, a boor to a movie. After buying a ticket, entered the theater, but after a for a while, then angrily walked out to buy a ticket, went into the cinema. The ticket lady was very surprised, but still sold to him. Results After a minute, you see that yokel frantically rushed to the ticket booth, and then bought a ticket. The ticket lady asked him, a lady tear up my ticket. out of one thousand yuan to buy toys. Clerk: Well, little brother, this is a fake toy money can not buy a plane Oh! Xiao Ming: your aircraft is not really ah! 18. year-old daughter, Lily did not understand her mother Why is there a scar on belly. my mother explained to Lily: This is a doctor cut a knife, put you out of the place. Lili seriously for a moment, very seriously asked my mother: What did you eat me? 19. a at home when her daughter told her: . Teacher: our school from the next semester, taught in English to switch. A student: Wow! We do not understand. Teacher: Do not worry do not understand, learning language is to listen, you hear me speak English every day long period of time will naturally understand. B students: But every day I hear the family dog is called, did not know it talking about. 21. my pocket pen down her throat! : Why do doctors wear masks during surgery? A: The fear of an accident after being identified. 22. Beggar: Sir, before you give me a hundred dollars, why do today, just give me fifty dollars? kind-hearted man: In the past I was bachelor, have more spare cash, and I am now married, it must cut expenses and make ends meet. beggars: how can you take my money to support your wife? 23. children: : Dad said do not forget the ironing later 『』 h quiet, they would not wake the students to sleep in front of it! lose it? full of sleepy turtle ah! down to earth .... 』his roommate of curiosity, could not help but look at pictures trying to take advantage of the fairies came down, ready tois a face first land? 』27. a particular midterm, we all remind each other not to forget to take a cautious calculator. because the teacher explain the subject of special exam will be counted to several decimal places. only to get the bulk of self-confidence We show off the new phone: After the bulk of the students asked concerned. I saw a look of the shadow of the big head, said: photos, pictures will be waiting for automatic flushing. Shortly after that, washed out photos. exclaimed: my ...... 29. a final exam, students face a papers on the subject, one question will not, simply write in the papers: reimbursement, the division back on the volume batch: do not want milk, help me for the two fried dough sticks to the waiter immediately 』milk into fritters. when the person eats it, actually Paipaipigu wanted leave, the waiter stopped him and said:『 President, you have not pay for it! 』this man staring at once said:『 I fritters is to use soy milk in return, how can you pay me? 』waiter said:『 milk but you did not pay ah! 』At this time, This is the bigger man eyes wide: 『I did not drink milk one, why pay ah!』 31. there was a slow old lady she had a ticket, one day she went to the car, she put the ticket to a slow the driver, the driver said: dragged into the trap of default by the press, so be careful. at the airport, a reporter saw the bishop to ask: sing love songs, she threw me a flower. B: ah! Mui A four times: before you how the three wives? B: They were dead A: how could this happen? B: The first wife is dead to eat poisonous mushrooms! A: Poor thing. that second wife? B: She is eating poisonous mushrooms die! A: The third wife? is poisoned by toxic mushrooms? B: No! break her neck and died! A: accidental ? B: Yes, ah .. nice because she refused to eat the poisonous mushrooms Well .... 35. airport control tower: please give me more detailed instructions? my last visit to Hawaii, when there is no stop at the airport, :, fighting, and even hate each other, to cause each other to death! but they also think they go on so long, not solution! So .. one day they similar, trying to find a permanent solution! A: This struggle down, not good for us, they might also cheaper third party .... B: You're right, in this love game, the two of us, the only one there! you have any way up once and for all? A: ah h Have you heard of Russian Roulette 』『 duel way? is to only put a pistol bullet. and then turns to his head, another shot, a first serve, whoever shot, he lost forever! B: ah h I know this rule. good! very fair! This is final! However, you have a gun here? saw A nodded and pulled out a Start flooded the city, a priest at the church to pray and watch the flood has Yandao his body, and suddenly a lifeguard sail boat with the priest said: !, and driving a police boat with the priest said: I!! ! Otherwise, you will drown in the flood!! , met with God is very angry and asked: a helicopter to rescue you, do not you want to take the aircraft carrier before it? ink sticks are washed with wash down the side of the side also said .. .... He decided to do a test, so he gave the U.S. five thousand yuan each and every girl and see how they handle the money .. re the first girl dressed from head to toe, she went to a beauty salon designed a new hairstyle, painted a beautiful makeup, also bought a new jewelry to dress for the man's neat. She told him: she did all to make him think she was more attractive, just because she is .. man so in love with him deeply moved. The second woman gave the man a lot of purchasing a gift, she bought him a set of golf balls, some computer accessories, and some expensive clothes .. When She took these gifts, she told him the reason to spend the money to buy gifts because she was so in love with him. men are deeply moved ~ the third girl invested the money into the securities market, she earned several times five thousand to five thousand yuan of money .. and then back to the man and the rest of the money to open a joint account the two men. She told him: she hopes to lay the economic foundation of the future of the two, because she is so love him .. of course, deeply moved by the man again ~ he considered the treatment of the three girls for a very long time, and then he decided. married to one of the biggest breasts girls wife!! PS: Men are the Death of Virtue!! 40. One day a madman to the plane, suddenly the captain announced that the plane is about to crash! the madman will immediately hear the toilet ran to the toilet to throw out two. I ask why? Answer: Because is no reason to act crazy ..! 41. One day, Little Britain cross the road, a car came towards him open. Xiaoying, shouting, the results hit the street car poles, the owner of a small territory of dead, Little Britain has also been knocked down utility poles crushed to death, this time a small wing heard this from, but eventually died! Why? answer: come out of the toilet was crushed to death! 42. A Very stupid robbers sneaked into a people, is turn on the safe, suddenly a lot of noise, the results caught the thief. Why? because he is not safe .... turn the radio! .. 43. A post-hunters hunting big beast and his wife, mother went to the woods hunting, and take a whole day, night, deep in the jungle camp. The next morning, his wife woke to find his mother gone, the hunter quickly wake up, go out to find someone. Results from an empty camp near on the ground, they see shocking scene: mother lion adults and a fierce face a stalemate. the fault of people, they want to solve it! ah! I was doing something wrong in the end, you have to punish me so! 〔〕 his eighth of the father that you own it! seventh 〔〕 not come over! come back, I die in front of you! 〔sixth Name〕 you hit me!? good! I go, I go now! 〔〕 fifth leave me! you go! Fast ah! fourth 〔〕 No! I do not believe it! I do not believe it! I do not believe (elongated sound) third 〔〕 BS! kill you to shave with it! second 〔〕 BS! look trick! 〔〕 first Gosh! Dad, Mum, they do not come hh 45. a foreigner traveling to the mainland, passing a factory, the factory somewhere there is a warning signs were written in English: the 『』 on electricity, but foreigners are still being electrocuted, and why? answer: Because English is: YOU DIAN WEI XIAN 46. Xiaojun first to Beijing, only to see the street into the city to schedule a lot of people. curious explore what happens, all the original recipe in the strike 』『 Wing Chun is not drowning, following the line also. turn Jun There is a shed when I saw the old man, a table and put a desk ~ ink stone, ink and a brush. elderly people to receive the cost of twelve Jun, after pulling up shirt to reveal belly Rong Jun, the elderly Mexican holding pen How to go Wing Chun to the front, with a focused look at the bottom of his ribs and then drew a line .... ~ stringent told him: 47.. there was a man sitting in a hot air balloon floating in the sky, knew it lost, he fell to the ground on hot-air balloon, a passerby to ask the way. ? would you know? What will know? body! You are the most stupid class? The students answered: proofs, since the proofs are very difficult, so many people are not. There is a such thing as students, make a cheat sheet (to answer pre-copied on a small sheet of paper) is just a test on his cheat sheet out of the question which proved question, so he wanted to stay to the last peace of mind to write. but soon received the final papers, he too late to copy, and sometimes anxious to pick up the glue which ....... the cheat sheet attached to the above question! result, he was remember a large too, but also become a campus legend .... 50. one day, and students went out to play .. chatting meal, the next table there is a desperate cry baby, so we really can not stand .. students in the cry I came Kebo smiling woman look told him: So the child to cry 啦 ~ hehe .. oh While we are all very useful laughed together when a child suddenly Kebo .. gentle and sincere girl, said: come .. and then landing on your chest Oh ~ The first member of the audience asked: I was not about to sit this row. Gentleman: Unfortunately, caught by security, was built a MTP 』『 Yinchong two characters. he was very upset, so spend some money through relationship, it is necessary to remove the term that the indecent. After a week, Friends told him to run. He thought, how can there be in the mainland as long as the money can not do a thing? results after he received MTP excitedly opened it, which impressively built a three characters: . He will return to Taiwan a month .... friends with him again and again to ensure that a certain right, but the etiquette absolutely essential. Then, after a week, friends came to him and said: ! Mother intercede, said: prohibiting fishing, but you catch here, I want to fine you 100 dollars. anglers: What is it! I was teaching my worm to swim it! Police: earthworms can lend me your look? fishermen: Certainly ..... the police thought a moment: your skinny earthworms, prejudice ...
Monday, December 27, 2010
MV will meet with all of the latest matter, so stay tuned Oh, now send some MV Highlights ...
Our latest MV, and we meet up again tomorrow, hey, now starting some MV's Snapshots photos to share with you, please look forward to the new MV ah.
Our good funny looks
Our portfolio 2PM and South Korea's top photo stylist, high buildings where
hand ha ha, guess what ah
next shot at the scene, the director of our cameras in
Hey, we Now look at footage
ha ha, we recorded the scene in the Chinese situation Important: guard against fake winning information Haha, we love to record the scene at the China Sina BLOG feedback message board About Sina SINA English
Our good funny looks
Our portfolio 2PM and South Korea's top photo stylist, high buildings where
hand ha ha, guess what ah
next shot at the scene, the director of our cameras in
Hey, we Now look at footage
ha ha, we recorded the scene in the Chinese situation Important: guard against fake winning information Haha, we love to record the scene at the China Sina BLOG feedback message board About Sina SINA English
Sunday, December 26, 2010
Pendulum effect of falling oil prices benefited from sustained attention to plate
Pendulum effect of sustained attention to oil prices rise in U.S. stock market benefited from plate
, oil prices, such a good situation again appears to stimulate A-share market rally. Following the plate in Tuesday's FAW Xiali car driven by the overall rise limit , while the rise in airline stocks on Wednesday, while oil prices reflect investor expectations. Despite Gaokaidizou stock, real estate stocks fall, but the overall theme of the performance of blue-chip stocks and the normal, investor confidence, stabilize, which is the market matures of a performance.
management has in the release of goodwill, stock market speculation on the subject spared the situation will make more of a performance expected of listed companies and market expectations are sought after, such as many of the local unit to Shanghai the rise again, have you completely out of the past Xiongtu slow movements, there have been many large stocks rose on expectations the Expo replaced the concept of past Olympic hot. Some substantial increase in performance of the stock are people, investors ages, reflecting the market situation a virtuous circle.
up the market outlook will continue to shock, to shake off the impact of the oil market the U.S. stock market, but also a strong side with the market turnover. concerned about falling oil prices continued to benefit from plate.
, oil prices, such a good situation again appears to stimulate A-share market rally. Following the plate in Tuesday's FAW Xiali car driven by the overall rise limit , while the rise in airline stocks on Wednesday, while oil prices reflect investor expectations. Despite Gaokaidizou stock, real estate stocks fall, but the overall theme of the performance of blue-chip stocks and the normal, investor confidence, stabilize, which is the market matures of a performance.
management has in the release of goodwill, stock market speculation on the subject spared the situation will make more of a performance expected of listed companies and market expectations are sought after, such as many of the local unit to Shanghai the rise again, have you completely out of the past Xiongtu slow movements, there have been many large stocks rose on expectations the Expo replaced the concept of past Olympic hot. Some substantial increase in performance of the stock are people, investors ages, reflecting the market situation a virtuous circle.
up the market outlook will continue to shock, to shake off the impact of the oil market the U.S. stock market, but also a strong side with the market turnover. concerned about falling oil prices continued to benefit from plate.
Thursday, December 23, 2010
Internet users or the amateur revolution or Carnival
See Wang Xiaofeng, said in his association are not allowed to read a good book, bbc period and looking at the virtual revolution, both sides will have some views mapping.
fact, I soon got the that the original meaning of Translation basically reflects the author's point of view, so the author throughout the book is confusing the two concepts, which is one of the biggest book. of the whole book is the argument of the network's unlimited, flat , leads to a large number of anonymous amateurs went to the network of professional issues recommendations rather than professional dissemination of information so that people would not accept the information in the reproduction and thus more non-professional information, and this information will change the world too confusing. but the authors did not define what constitutes a good amateur, but referred to the Concise Oxford English Dictionary definition, in fact, the network is indeed a huge number of amateurs who made a variety of different views, but we can not whereby said network is dominated by the amateur, but is more often the case put forward various views of experts, led by the involvement of amateurs. And here is an amateur who is not well defined, because the so-called Amateur in the professional life of a person, but a social issue participation. as human brain cells, perhaps a brain cell can handle only a single electrical pulse to distinguish 1 and 0, but when brain cells are composed of organizations have storage, processing the function of a variety of complex information, the network just in this revolution. Each person may not have plenty of information, one thing can not be released to the insightful comments, but when the number exceeds the critical point, will inevitably lead to ideological outbreak. Moreover, Internet users are not just some amateur, I am confident, based on the number of Internet users are not professionals in a university professor than any less, nor more than any university professor has lower professionalism. And, precisely because of the exchange network, in which professional opinion will be echoed by quasi-professionals and complement, thus non-professionals. of the network as a scourge of professional knowledge, while ignoring a large the use of the number of law; the other hand, ignored the expertise of the change in the Internet age, neglect of a person's database and a database difference between communities. In addition, the profession itself as a professional evaluation criteria are not scientific, I believe that the moon next year Customs History of the Civil Service level not lower than any historian, I also believe that graduate students of Chemistry, University of Washington south of the writing level is not lower than the Writers of certain writers. career is but a means to earn a living, some people Fortunately the means of livelihood and personal interests, strengths associated with, but many people do not eat their own expertise. if only to professional or academic classification, then my life will be filled with sorrow, because God will be lost for seven days in Kyushu lost Luo, Tsai riffraff out, lost a lot, or even lose my undergraduate professional mm because there are too many amateur professional color of the birth.
Secondly, with a large number of examples of network you want to explain the harm of human society . But, unfortunately, I do not know the author has not received his professional training of those respected, because a lot of examples and not in the network and the relationship between social harm, that those examples do not prove any causal relationship. In Here, he uses the most simple way is their only reference point for useful examples demonstrate the same case, will bring us some of the adverse consequences. As an example of how the network affects a person's conscience to the election, for example, Vernon. Robinson's campaign video, but he only pointed out how the video was against other people's privacy without a more complete description in the end what people accuse others of this violation of privacy of video. that is of only very simple criticism of the footage of the youtube site, but did not specify in which users play a real role. In fact, even a very tricky way of reference to this example, tried to make people have a more common society, to instill a simple point to rely on people to get the response is quite simply impossible thing, it is strongly opposed to the cyber world of the plane so that any point of view and democratization will be both at the same time support. Youtube might provide a platform for the invasion of privacy, but also for critical voices, the voices provide a platform for protection. Democracy Network, which means that the voice of any person here is equal, the real interest is the Internet users support role in the law of large numbers, we can actually see a normal society can always make the right choice, or is the right choice for the moment. Of course, if the composition of Internet users is in itself unreasonable, they can not use the representation of law of large numbers. For example, Chinese Twitter community, because the information does not flow, or man-made barrier special push in the general population, the Chinese Twitter inbreeding would be very prominent. because most of them have the same point of view, there is no inflow of the outside world thought that they always have from the reality between the resonance. In addition, the author discusses the problem which is another great confusion of the network itself and social problems in the network extension of these two concepts . Some social problems exist in itself, but more prominent by the network, but this can not be attributed to the network itself, should not conclude that the network has brought this problem. and some, indeed, the problem is the network itself, the emergence of the network caused. The latter expression is the variety of the most prominent books on music piracy (which is one of the few I recognized one of the network); the former, as the author cited network that is following the network of human madness just another form shown, there is no inherent irrationality of human networks will be shown in something else, such as a stock such as futures. Leaving aside the kinds of can be said of the network carried away by their own minds hate.
In fact, the idea of such is not surprising, the network brings a huge impact human life, even in just a decade can be said to subvert the people some of the inherent ideology, which have obedience to authority. No matter how in the book of the use of He only expressed a central idea: the world needs the knowledge required and only a small part of the elite from the grasp of ordinary people can do is to accept the knowledge it gives us the elite. Well, let's look at history back through the Reformation On the eve of Europe, standing in front of the church so that we will hear a voice: there was a bit familiar? the advent of printing the Bible in a lot of communication between ordinary people, because the printing press to make it possible to bulk copy the Bible, but also to the spread of the Bible become more accurate and popular. Meanwhile, the other by religious reform resistance is due to the church, such as Martin. Luther. gold and other off the church's way of getting money. They claim to be God's revelation and care do not need the clergy to the church to follow the explanation and induction, only God will be everywhere in my mind God, so we no longer go to church just to buy indulgences at home and prayed. seems not, and Keane's a form of religious revolution, so we worship on the priest from out of the infinite, so that we can start to learn from their own knowledge required in this world, so that we can get at home, rather than divine revelation church. Of course, the clerics bound to step on the tail like a worry.
in human history, every change is a We get rid of his weak body, from our beginning we learn to use the steam out of the limitations of animal power until we learn to learn to use the electricity network of communication throughout the world. religious significance of the revolution and the Internet revolution, is also here, if you can apply the Weber or Internet age, because the network itself is anti-authority, it is from birth to promote the exchange and dissemination of information, from birth to usher in a decentralized process. blinders of Keane and did not see what is the nature of the network, or said he saw the nature of the network to be of the view that unfortunately is a social regression. In fact, in this society, people, or those who study his life. because they can prove they have mastered to some extent more information or data, the first network society, information and data on mean survival and success. But in the Internet age, Since the existence of the network, information and data that everyone can share resources, simply wanted to have more data to convince others is unlikely to be successful. At this time, the authority is no longer to have more data or information, people, but better use of these data or the message. in the United States is known as anti-elitist tradition, this understanding of the most elite of the Supreme Court is very incisive: authority, other political bodies and public opinion, the ultimate support. authority, the authority is a not fixed. If so, it can only be rational.
Postscript: In fact, many say this book is also reasonable, at least I think there are three. First, the time cost. the Internet age the great wealth of information and data to free people from dependence on the authority of, the analysis of raw materials are free and not eat other people's leftovers chewed. but the problem is that the great wealth of raw materials make it impossible under the mouth In search of raw materials consumed during the time that greatly non-renewable resources. but at least the network itself also has filtering mechanisms, a good raw material will gradually settle down. like a man in a thousand books to find the right information is extremely exhausting thing, but at the same time to see a thousand thousand people is another thing the book. Second, intellectual property issues. tell the truth, this is the most painful thing is I can not think of thing. Third, the protection of reason. even though I praise the network to bring convenience to people's lives, and praise it has brought us freedom and independence, but each person only worship of rationality is probably not rational consequences. replaced by a rational God, this thing after another has become God, we can only rely on the heart sure to keep it independent of it.
So, I do not like this book not because it speaks of no reason, nor is it It is radical. but it appears time environment is very unreasonable. in the United States, highly developed social network, the network will inevitably bring about the shortcomings of some reflections aroused, there will be people such as Jean criticize this . But this book is transplanted to China, it was not consistent with the environment now, can you imagine trying to avoid a pre-industrial society, the shortcomings of post-industrial society there? You can, when a person starving, grab the The only burger in his hand, shouting that he shouted resist this book.
2010/5/9
fact, I soon got the that the original meaning of Translation basically reflects the author's point of view, so the author throughout the book is confusing the two concepts, which is one of the biggest book. of the whole book is the argument of the network's unlimited, flat , leads to a large number of anonymous amateurs went to the network of professional issues recommendations rather than professional dissemination of information so that people would not accept the information in the reproduction and thus more non-professional information, and this information will change the world too confusing. but the authors did not define what constitutes a good amateur, but referred to the Concise Oxford English Dictionary definition, in fact, the network is indeed a huge number of amateurs who made a variety of different views, but we can not whereby said network is dominated by the amateur, but is more often the case put forward various views of experts, led by the involvement of amateurs. And here is an amateur who is not well defined, because the so-called Amateur in the professional life of a person, but a social issue participation. as human brain cells, perhaps a brain cell can handle only a single electrical pulse to distinguish 1 and 0, but when brain cells are composed of organizations have storage, processing the function of a variety of complex information, the network just in this revolution. Each person may not have plenty of information, one thing can not be released to the insightful comments, but when the number exceeds the critical point, will inevitably lead to ideological outbreak. Moreover, Internet users are not just some amateur, I am confident, based on the number of Internet users are not professionals in a university professor than any less, nor more than any university professor has lower professionalism. And, precisely because of the exchange network, in which professional opinion will be echoed by quasi-professionals and complement, thus non-professionals. of the network as a scourge of professional knowledge, while ignoring a large the use of the number of law; the other hand, ignored the expertise of the change in the Internet age, neglect of a person's database and a database difference between communities. In addition, the profession itself as a professional evaluation criteria are not scientific, I believe that the moon next year Customs History of the Civil Service level not lower than any historian, I also believe that graduate students of Chemistry, University of Washington south of the writing level is not lower than the Writers of certain writers. career is but a means to earn a living, some people Fortunately the means of livelihood and personal interests, strengths associated with, but many people do not eat their own expertise. if only to professional or academic classification, then my life will be filled with sorrow, because God will be lost for seven days in Kyushu lost Luo, Tsai riffraff out, lost a lot, or even lose my undergraduate professional mm because there are too many amateur professional color of the birth.
Secondly, with a large number of examples of network you want to explain the harm of human society . But, unfortunately, I do not know the author has not received his professional training of those respected, because a lot of examples and not in the network and the relationship between social harm, that those examples do not prove any causal relationship. In Here, he uses the most simple way is their only reference point for useful examples demonstrate the same case, will bring us some of the adverse consequences. As an example of how the network affects a person's conscience to the election, for example, Vernon. Robinson's campaign video, but he only pointed out how the video was against other people's privacy without a more complete description in the end what people accuse others of this violation of privacy of video. that is of only very simple criticism of the footage of the youtube site, but did not specify in which users play a real role. In fact, even a very tricky way of reference to this example, tried to make people have a more common society, to instill a simple point to rely on people to get the response is quite simply impossible thing, it is strongly opposed to the cyber world of the plane so that any point of view and democratization will be both at the same time support. Youtube might provide a platform for the invasion of privacy, but also for critical voices, the voices provide a platform for protection. Democracy Network, which means that the voice of any person here is equal, the real interest is the Internet users support role in the law of large numbers, we can actually see a normal society can always make the right choice, or is the right choice for the moment. Of course, if the composition of Internet users is in itself unreasonable, they can not use the representation of law of large numbers. For example, Chinese Twitter community, because the information does not flow, or man-made barrier special push in the general population, the Chinese Twitter inbreeding would be very prominent. because most of them have the same point of view, there is no inflow of the outside world thought that they always have from the reality between the resonance. In addition, the author discusses the problem which is another great confusion of the network itself and social problems in the network extension of these two concepts . Some social problems exist in itself, but more prominent by the network, but this can not be attributed to the network itself, should not conclude that the network has brought this problem. and some, indeed, the problem is the network itself, the emergence of the network caused. The latter expression is the variety of the most prominent books on music piracy (which is one of the few I recognized one of the network); the former, as the author cited network that is following the network of human madness just another form shown, there is no inherent irrationality of human networks will be shown in something else, such as a stock such as futures. Leaving aside the kinds of can be said of the network carried away by their own minds hate.
In fact, the idea of such is not surprising, the network brings a huge impact human life, even in just a decade can be said to subvert the people some of the inherent ideology, which have obedience to authority. No matter how in the book of the use of He only expressed a central idea: the world needs the knowledge required and only a small part of the elite from the grasp of ordinary people can do is to accept the knowledge it gives us the elite. Well, let's look at history back through the Reformation On the eve of Europe, standing in front of the church so that we will hear a voice: there was a bit familiar? the advent of printing the Bible in a lot of communication between ordinary people, because the printing press to make it possible to bulk copy the Bible, but also to the spread of the Bible become more accurate and popular. Meanwhile, the other by religious reform resistance is due to the church, such as Martin. Luther. gold and other off the church's way of getting money. They claim to be God's revelation and care do not need the clergy to the church to follow the explanation and induction, only God will be everywhere in my mind God, so we no longer go to church just to buy indulgences at home and prayed. seems not, and Keane's a form of religious revolution, so we worship on the priest from out of the infinite, so that we can start to learn from their own knowledge required in this world, so that we can get at home, rather than divine revelation church. Of course, the clerics bound to step on the tail like a worry.
in human history, every change is a We get rid of his weak body, from our beginning we learn to use the steam out of the limitations of animal power until we learn to learn to use the electricity network of communication throughout the world. religious significance of the revolution and the Internet revolution, is also here, if you can apply the Weber or Internet age, because the network itself is anti-authority, it is from birth to promote the exchange and dissemination of information, from birth to usher in a decentralized process. blinders of Keane and did not see what is the nature of the network, or said he saw the nature of the network to be of the view that unfortunately is a social regression. In fact, in this society, people, or those who study his life. because they can prove they have mastered to some extent more information or data, the first network society, information and data on mean survival and success. But in the Internet age, Since the existence of the network, information and data that everyone can share resources, simply wanted to have more data to convince others is unlikely to be successful. At this time, the authority is no longer to have more data or information, people, but better use of these data or the message. in the United States is known as anti-elitist tradition, this understanding of the most elite of the Supreme Court is very incisive: authority, other political bodies and public opinion, the ultimate support. authority, the authority is a not fixed. If so, it can only be rational.
Postscript: In fact, many say this book is also reasonable, at least I think there are three. First, the time cost. the Internet age the great wealth of information and data to free people from dependence on the authority of, the analysis of raw materials are free and not eat other people's leftovers chewed. but the problem is that the great wealth of raw materials make it impossible under the mouth In search of raw materials consumed during the time that greatly non-renewable resources. but at least the network itself also has filtering mechanisms, a good raw material will gradually settle down. like a man in a thousand books to find the right information is extremely exhausting thing, but at the same time to see a thousand thousand people is another thing the book. Second, intellectual property issues. tell the truth, this is the most painful thing is I can not think of thing. Third, the protection of reason. even though I praise the network to bring convenience to people's lives, and praise it has brought us freedom and independence, but each person only worship of rationality is probably not rational consequences. replaced by a rational God, this thing after another has become God, we can only rely on the heart sure to keep it independent of it.
So, I do not like this book not because it speaks of no reason, nor is it It is radical. but it appears time environment is very unreasonable. in the United States, highly developed social network, the network will inevitably bring about the shortcomings of some reflections aroused, there will be people such as Jean criticize this . But this book is transplanted to China, it was not consistent with the environment now, can you imagine trying to avoid a pre-industrial society, the shortcomings of post-industrial society there? You can, when a person starving, grab the The only burger in his hand, shouting that he shouted resist this book.
2010/5/9
Wednesday, December 22, 2010
How to Buy Little Sister Hong Pan Wei won the Sun Nan alienate
Pan Wei won alienate how to buy Little Sister Hong and Sun Nan Sun Nan buy Little Sister Hong
circle has been a model husband and wife, mended the recent case of Wen Jun drugs to buy Little Sister Hong focus, and Sun Nan are critical because they did not attend the meeting marriage hit the rocks. recently bought Little Sister Hong Sun Nan and divorce, and the Travel Channel host Pan Wei-Meng Liao was stabbed to marry out, a time different opinions.
Sun Nan and Pan Wei, last year, insiders will know
Beijing B entertainment reporter broke the news that she visited during the survey, many insiders had been despised: participate in activities together, see friends, I did not expect reporters to be kept in the dark. Sun Nan said that the first time I saw one last year, Pan Wei-peer rehearsal party. journalists, Taiwan leaders often joke that in normal times, you find Sun Nan, Pan Wei to go directly to it.
Pan Wei's death to blackmail to force the Sun Nan Sun Nan divorce
told reporters that a close friend, Sun Nan, Pan Wei of a not to really start, but nothing else just romantic, they would not expect to end this way. . She found buy Little Sister Hong, told her that he and Sun Nan affair. Buy Little Sister Hong was especially sad that he followed the twenties Sun Nan, Sun Nan Duman family of intentions, very puzzled why there was a time for old play outside, do not go home, not a good temper, and later separated. Pan Wei-time child to bring about new opportunities. forced to compromise. two conditions: First, Sun Nan bring some money home to support the family; Second, if an accident at home, or child problems, and Sun Nan need to control.
Pan Wei background, and money, there are means < br> The reporter learned from the Travel Channel was informed by a staff member, Pan Wei-long vacation two weeks ago to please, leave for unknown reasons. Pan Wei-two former husband is not her goals, to satisfy her endless There is a considerable background of people recommended br> As long as Pan Wei dealt with people who are using smart powerful, heavy and other words to describe the effort this woman. Her former colleagues, Anhui Satellite TV director S described: Many people, rich and unique characteristics are also backing the early 90s she would wear a pair of five or six thousand of the shoes. DNF plug
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circle has been a model husband and wife, mended the recent case of Wen Jun drugs to buy Little Sister Hong focus, and Sun Nan are critical because they did not attend the meeting marriage hit the rocks. recently bought Little Sister Hong Sun Nan and divorce, and the Travel Channel host Pan Wei-Meng Liao was stabbed to marry out, a time different opinions.
Sun Nan and Pan Wei, last year, insiders will know
Beijing B entertainment reporter broke the news that she visited during the survey, many insiders had been despised: participate in activities together, see friends, I did not expect reporters to be kept in the dark. Sun Nan said that the first time I saw one last year, Pan Wei-peer rehearsal party. journalists, Taiwan leaders often joke that in normal times, you find Sun Nan, Pan Wei to go directly to it.
Pan Wei's death to blackmail to force the Sun Nan Sun Nan divorce
told reporters that a close friend, Sun Nan, Pan Wei of a not to really start, but nothing else just romantic, they would not expect to end this way. . She found buy Little Sister Hong, told her that he and Sun Nan affair. Buy Little Sister Hong was especially sad that he followed the twenties Sun Nan, Sun Nan Duman family of intentions, very puzzled why there was a time for old play outside, do not go home, not a good temper, and later separated. Pan Wei-time child to bring about new opportunities. forced to compromise. two conditions: First, Sun Nan bring some money home to support the family; Second, if an accident at home, or child problems, and Sun Nan need to control.
Pan Wei background, and money, there are means < br> The reporter learned from the Travel Channel was informed by a staff member, Pan Wei-long vacation two weeks ago to please, leave for unknown reasons. Pan Wei-two former husband is not her goals, to satisfy her endless There is a considerable background of people recommended br> As long as Pan Wei dealt with people who are using smart powerful, heavy and other words to describe the effort this woman. Her former colleagues, Anhui Satellite TV director S described: Many people, rich and unique characteristics are also backing the early 90s she would wear a pair of five or six thousand of the shoes. DNF plug
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Tuesday, December 21, 2010
Analysis of Nanjing Hi-Tech 600 064
Nanjing Hi-Tech 600 064
total share capital of 344 million shares, outstanding shares of 223 million shares. (Investment Holdings based group)
one of the 601,009 shares held 205 million shares of Bank of Nanjing (2.17 billion), accounting for 17% is its third largest shareholder. containing 0.7 per share.
Qixia building holds 600,533 shares in circulation 5842 corporate shares, accounting for 14.43%; currently part of the equity shares have been circulation of 1575, the remaining shares will be held in January 2008 and circulation in January 2009.
holding tradable shares of CITIC Securities 2755 Restricted shares (48 million), accounting for 0.924%; (have been in circulation) August 28, 2007 to 74.91 yuan / share additional 305 securities subscription center shares, the total amount is not more than 229,077,300 yuan. Total 3060 million.
South Science City Development Co., Ltd. holds 518 million shares outstanding (11.88 million), accounting for 0.97%.
securities held in Nanjing 2434 shares (investment 140 million), accounting for 1.32%, to 4.88 million yuan while the development of holding 1.7% stake in Nanjing Yangtze River.
Second, the real estate business.
reported before in the fancy, there are several terms need to understand about.
first long-term equity investments in accounting method, there are two, one cost method, first, the equity method.
cost, by definition, long-term equity investment to the cost of investment reflected in the book , dividends are recognized as investment income. Typically, investment units of investment being less than 20% of the cases, using the cost method. Southern foreign investment in most of the high cost method, such as CITIC Securities, Nanjing Bank, Qixia construction.
the equity method, when the investment of the investee after the ratio exceeds 20%, indicating a significant impact on the company can not simply reflect the cost at this time, when the other person a profit, even if the other party do not pay dividends, but also the proportion of investment income recognized in accordance with ownership, such as: a company to invest in Company B, the investment ratio of 30%, and Company B 100 million profit that year, no bonus, but a shareholding company will be recognized in accordance with investment income 30 million (100 * 30% = 30 million), of course, a loss if the investment unit stake should follow the same investment losses. South High foreign investment using the equity method of including the Nanjing Xingang LG Display Co., Ltd. (held proportion of shares 25%), Suzhou Qixia Construction Co., Ltd. (20% stake), Xianlin Qixia Construction Company Limited (stake 49%).
second is on the consolidated financial statements.
When investment unit stake is more than 50%, indicating the invested unit of practical control, or it is holding no more than 50% of the investee also has control over the actual circumstances (such as the largest shareholder Sui Only 30% stake, but all the other shareholders to minority shareholders, ownership dispersion, no significant impact on the actual control of the company's largest shareholder) should be consolidated financial statements. consolidated financial statements of case, the income of investee assets and liabilities and all the profits incorporated into the company, the interests of other minority shareholders have in the consolidated financial statements reflect the minority interest projects. high foreign investment in the South, Nanjing Chen Gong Pharmaceutical Co., Ltd. (100% stake), Nanjing Xingang Pharmaceutical Co., Ltd. (90% stake) and Nanjing Xianlin Real Estate Development Co., Ltd. (80% stake) are the three most important period in the consolidated financial statements of the company.
in both the Nanjing High Tech reported to be concerned about two points: First, the company's investment income, and second, restructuring of the company's main business. Because now, the total assets in the south, foreign investment has accounted for a large proportion (5.7 billion total assets available sale financial assets and total long-term equity investment of 2.5 billion, accounting for about 47%), investment income has become a major source of high-profit South, so investment income is stable and sustained growth, on the southern high-performance greatly. The company to the real estate industry is currently the main transition will determine the success or failure is high in the south of the future development of the future.
a first look at the company's investment earnings:
2007 a total investment in the first half of the company income 72,370,223.09 yuan, 5 times over the same period last year, including dividends 60,770,855.20 yuan shares of the company, specifically including:
the number or proportion of shares Name of the dividend amount per share dividends
Bank of Nanjing 205,200,000 0.10 20,520,000.00
Qixia Construction 65,921,520 0.36 23,731,747.20
CITIC Securities 27,549,845 0.20 5,509,969.00
Huaxin Guang Electric 5.22% 11,009,139.00
Total 60,770,855.20
equity method investment income 11,722,474.16 dollars, specifically including:
the number or proportion of shares Name of the corresponding investment LPG benefits
Newport Newport 25% -44,143.39
LG shows 25% 4,698,405.75
Qixia 20% 5,454,829.02
Suzhou Qixia 49% 1,613,382.78
Xianlin Total 11,722,474.16
of investment income, primarily to see whether the stability and sustainable growth.
Qixia Construction Bank of Nanjing and its main source of investment income, Bank of Nanjing in 2006 was 0.49 yuan per share, fully diluted post issue of new shares is 0.32 yuan, while the 07 universal banks under the pre-pre-analysis of the situation by the south line of business growth can be expected, at least not lower than 06, dividend per share should be 06 not less than 0.10 per year; Qixia building and CITIC Securities without analysis we should also be a number, both performance surge is a foregone conclusion in 2007, dividends are not expected lower than last year. LG Newport show stable performance, Suzhou Qixia and Xianlin income of Qixia has entered the second half and 08 years should be do well, we can see, the company's investment income will continue to grow steadily.
company obtained from Nanjing Huaxin Guang Electric Co., Ltd. 2006, dividend income reported 11,009,139.00 yuan is the one bright spot, and why? because Nanjing Tech 9,536,435.01 yuan investment in the company, 5.22% stake, the Department issued in 1997 to raise funds investment shares to the cost method. The year 2006 dividend has exceeded the company's total investment, high profit of the company is indeed surprising. Now we take a look at the Nanjing Huaxin Guang Electric Co., Ltd. of the specific situation.
Nanjing Huaxin Guang Electric Co., Ltd. is a famous enterprises from Taiwan Walsin Investment Corporation and a large industrial holding company, began construction in 1994, put into operation in late 1996, the registered capital of $ 22,000,000, the actual total investment of more than 75 million U.S. dollars, is now the largest production base of low oxygen light refined copper rod. from the Jiangsu Provincial Economic and Trade Commission and other communications from the three departments 2006 operating income hundred enterprises in Jiangsu Province (Group) situation can look to the company revenues 7.442 billion yuan in 2006, ranked No. 93. this is not difficult to understand, an annual sales income of up to 74 billion enterprise, as long as 3% of the net profit margin, we can have a net profit of 2.2 billion, spread over 22 million U.S. dollars (translated into about 170 million yuan or so) on the total share capital, which means earnings per share (RMB) more than 1 yuan, Nanjing Hi-Tech 9,536,435.01 yuan investment in the company, dividend income 11,009,139.00 yuan in 2006 also a matter of course. That is, in the long-term investments under cost method, seemingly placid calm below the surface, often hidden the predators cash cow, will contribute to huge profits for the company. This is the hidden asset value in Nanjing Hi-tech surface again a classic case.
In fact, high in the south there are many similar investment, following several major investment Analysis:
1, Nanjing Xingang LG Display Co., Ltd.
2002, the Nanjing High-Tech to 29.8 million yuan in the price of the transferee, Nanjing LG Color Display System Co., Genesis 25% stake in the company, under the equity method of accounting .2006 years, was renamed Nanjing Xingang LG Display Co., Ltd.. As of June 30, 2007, the company's total contribution to the investment income 39,847,111.91 yuan, also exceeded the company's total investment. from the Jiangsu Provincial Economic and Trade Commission and other communications from the three departments of Jiangsu Province in 2006 hundred enterprises operating income (group) can access to the case, the company has revenue of 7.966 billion yuan in 2006, ranked 83, is a giant company level.
2, Nanjing flames Fujikura Optical Communication Co. Company
the company formerly known as the Nanjing Huaxin Fujikura Optical Communication Co., Ltd., Nanjing Hi-tech investment 18,705,207.20 yuan, 7.65% stake, the Department issued in 1997 to raise funds investment shares to the cost method. The company's controlling shareholder originally Walsin Holdings Limited, October 2006, FiberHome (stock code: 600498) The transferee Walsin Holdings Limited holds 50.1% stake in the company, became the controlling shareholder, and in In 2007 the company was renamed Nanjing flames Fujikura Optical Communication Limited. The company described the specific circumstances of the relevant notice FiberHome. the company doing well, equity value greater interest to the flames by 600,498 to buy the company's communications Disclosure of relevant information for further analysis.
3, HannStar Cai Xin Technology Co., Ltd. Nanjing in Nanjing Hi-tech investment
41,384,650.00 yuan, 12.50% stake, to the cost method. Nanjing HannStar Cai Xin Technology Co., Ltd. Company by Nanjing Hi-Tech, Panda Electronics Group Co., Ltd. and Samoa Mitsuhiro Resources Ltd. jointly set up in 2001, the joint venture, the company registered capital of $ 40,000,000. The size of the company is not small, but specific information from public sources of information are not can be found. a source of information friends can add.
4, Nanjing, China Nonferrous Metal Co., Ltd.
new investment in 2005 in Nanjing Hi-tech company 6,912,532.80 yuan, 5.22%% stake to the cost method. Nanjing, China Nonferrous Metal Co., Ltd. registered capital of the new $ 16,000,000, luxury International Ltd. funded $ 14,888,000, accounting for 93.05%, Nanjing Su Yuen Industrial Co., Ltd. invested $ 276,800, accounting for 1.73%, the company mainly engaged in copper alloy materials, electrification Railway overhead wires and related product development, production, sales, joint ventures enjoy preferential policies. from industry and business scope of analysis, should belong to a better investment. but the company operation from the public sources of information not found. a source of information friends can add.
the companies listed above, in addition to the Nanjing Xingang LG Display Co., Ltd. has been the equity method of accounting, the other are the cost method, that is, only the company dividends, the South High will be reflected in investment income, as long as companies do not pay dividends, no matter how effective the south is the high cost of the book to reflect the dividend as soon as Huaxin Guang power, the part of the implicit capital gains and income will emerge, reflecting the a huge return on investment.
two, and then look at the restructuring of the company's main business
the reporting period, the company invested 418.6 million yuan Holdings Real Estate Development Co., Ltd. Nanjing Xianlin, holding 80% of the original click here to correct Mo was a cloud cover articles --- the eyes look a bug, that is, real estate Development Co., Ltd. Nanjing Xianlin composition of shareholders, the registered capital of 500 million yuan Xianlin real estate, of which: 80% stake in Nanjing Hi-Tech, Nanjing Xianlin New Urban Development Co., Ltd. owned 19.8% Suburban Nanjing State-owned Assets Investment Center Holding 0.2%, the original article to the company and the construction of Xianlin Ltd. Qixia confused, 20% stake in the company Qixia building operator to the head of the wrong, to correct this.
replenishment from the company's shareholders meeting agenda can be seen, the company expects 2007 revenue of real estate sales of about 5-6 million, net profit 4000 million people, from newspaper to see, in the first half real estate sales income 93.71 million yuan, the cost of 74.8 million yuan, about 15% gross margin, net profit of 5.75 million yuan, basically consistent with the expected number.
projects under construction include: Fenghua residential landscape projects, Dongcheng family residential projects, commercial center Xianlin commercial real estate projects, residential apartments Higher Education projects, the heart Xianlin Business District CBD commercial real estate projects and affordable housing projects are currently under construction to see these items in the balance inventory items in the balance sheet reflects the development costs (in the unfinished construction projects) and development of products (sale items have been completed), worth around 715 million, these projects will become the next 2-3 years property income stable and secure.
In addition, the balance sheet events are described as follows: Xianlin real estate and land in Nanjing Guo Ziju contract signed, July 25, 2007 land transfer fees and other fees to pay about 255 million or so, this will be the company to take to another piece of land. Land Reserve is the future development of relations between the real estate business a top priority, high in the south in the background of the decision to take its place has a unique advantage, that we should be very clear.
the other hand, in advance ending balance of trade subjects show its 3 million, of which: land development and the parent company in the two million or so in advance, Xianlin real estate in a million or so in advance.
in the first half of the operation of which, the company has identified build real estate, utilities (water), pharmaceutical industry, tier three development ideas.
the case of sewage treatment plant on the companies mentioned in the small, the treatment plant plans to invest 40 million yuan, the Department of 97 years to raise funding, 2003 annual report disclosed that the project finally into 46.65 million yuan, put into operation in December 2003 and thereafter no further disclosure of the annual report of the situation of the project is estimated to benefit the general case, but the long term, this will be a main highlight of the company.
then look at the company's pharmaceutical Assets:
company has been steady growth in drug sales and higher gross margins, but the first half of 2007, drug sales have declined, which is the first decline in drug sales We look at the specific circumstances of medical assets.
medical assets include two parts, is formed to invest in the form, including Nanjing, Chen Gong Pharmaceutical Co., Ltd., Nanjing Xingang Pharmaceutical Co., Ltd. and its controlled subsidiaries.
1, Nanjing Pharmaceutical Co., Ltd. Chen Gong Basic
① 1992 年 03 month from pharmaceutical factory in Nanjing, China, small business, Wing Ning Hong Kong International Development Co., Ltd. a joint venture in Nanjing Pharmaceutical Co., Ltd. Hong Cui (Nanjing Pharmaceutical Chen Gong Limited, the predecessor) was officially established with a registered capital of 180 million.
② 1994 年 05 adding licensing state shareholder of Nanjing Hao Industrial Co., Ltd., registered capital from 180 million yuan to 400 million. ③ 1994 年 10 NanJing Hong extraction system Pharmaceutical Co., Ltd. officially changed its name to Co., Ltd. 37.5% of the share transfer to Huasheng Industrial Co., Ltd. Nanjing, Nanjing Fangren Industrial Co., Ltd., on behalf of Nanjing Kuang Industrial Co., Ltd., Nanjing, Wang Hao Industry & Trade Co., Ltd., Nanjing Yun Hao Industry & Trade Co., Ltd., Nanjing, Li Meng Technology Development Co., Ltd., Nanjing Dragon Industry & Trade Co., Ltd., handsome seven companies.
⑤ 1998 年 12 NanJing Newport to 23 million yuan to purchase hi-tech Co., Ltd. Nanjing Pharmaceutical Factory of small business, Nanjing Huasheng Industrial Co., Ltd., Industrial Co., Ltd. Nanjing Fangren eight companies a total of 75% stake in the company's largest shareholder, Hong Kong Changsheng China Development Co., Ltd. 25% of the shares unchanged.
⑥ 1999, Nanjing Pharmaceutical Co., Ltd. registered Chen Gong capital from 400 million yuan to 15.5 million yuan.
⑦ 2002 年 3 months, Nanjing Pharmaceutical Co., Ltd. joint ventures Chen Gong expiration of the joint venture the foreign contingent will be transferred to Nanjing Xingang equity Development Corporation, the nature of the joint venture company Management (Hong Kong capital) change to the capital.
⑧ 2003 年 06 月 Chen Gong Pharmaceuticals to retained earnings and capital reserves, the company increased registered capital from 15.5 million yuan to 3,000 yuan, its stake in Nanjing Hi-Tech still 75% .2004, Nanjing Hi-tech re-shot to 13.5996 million yuan to buy the remaining 24% of the pharmaceutical Chen Gong stake, while its subsidiary Transtech Engineering Design Institute Co., Ltd. Nanjing to buy the price of 566,600 yuan Chen Gong remaining 1% stake in the pharmaceutical, bringing the equity structure of the pharmaceutical Chen Gong, Nanjing Hi-tech shares into a 99% stake in Nanjing Hi-Tech Engineering Design Institute, 1%.
this point, Nanjing Hi-Tech Pharmaceuticals original work of Chen total investment of 37.1662 million yuan, 100% stake. the end of 2006, has cumulative profit of 42 million yuan contribution to the South higher, more than the total investment.
high in the south of the consolidated financial statements since 1999 to include Chen Gong pharmacy.
Here is my information from the public (South High 1999mm2006 annual) data obtained by Chen Gong (unit: million)
annual sales income of the registered capital cost of the main business profit margin net assets
1998 1550
1999 1550 3775.5 115.89
2000 1550 4708.13 179.31
2001 1550 6417.03 1702.99 4714.04 73.46% 317.39 1034 6.34
2002 1550 7199.84 1782.87 5416.97 75.24% 740.61 9854 .73
2003 3000 7719.79 1991.76 5728.03 74.20% 947.68 9782 .26
2004 3000 8604.98 2112.54 6492.44 75.45% 840.22 1212 4.32
2005 3000 9533.34 2288.57 7244.77 75.99% 1053.39 12328.37
2006 3000 10600.41 2726.13 7874.28 74.28% 1584.91 14159.15
2, Nanjing Xingang Pharmaceutical Co., The company's holding company
joint Nanjing Xingang Pharmaceutical Co., Ltd., Nanjing Xingang chain pharmacies Co., Ltd., Nanjing Xingang Pharmaceutical Co., Ltd., Nanjing precedent Pharmaceutical Co., Ltd., all involved in the consolidated financial statements.
2003 年 2 月Nanjing Hi-tech investment 27 million yuan to set up Nanjing Xingang Pharmaceutical Co., Ltd., accounted for 90%.
2004, the Nanjing Xingang Pharmaceutical Co., Ltd. jointly acquired Nanjing Xingang Pharmaceutical Co., Ltd., the company registered capital of 7,000,000 yuan, Nanjing Xingang Pharmaceutical Limited accounts for 73%.
2004, the Nanjing Xingang Pharmaceutical Co., Ltd. (holding 90%) and Nanjing Xingang United Pharmaceutical Co., Ltd. (holding 10%) with a chain of pharmacies Nanjing Xingang Co., Ltd., with registered capital of 800 million.
2004 年 12 months, Nanjing Xingang Pharmaceutical Co., Ltd. (holding 90%) combined with Nanjing Xingang Pharmaceutical Co., Ltd. (holding 10%) with a Nanjing Xingang Pharmaceutical Co., Ltd., registered capital of 10 million element.
2004 年 12 months, Nanjing Xingang Pharmaceutical Co., Ltd. to 3.442 million yuan transferee Schering AG, Germany Nanjing, held 80% stake in Schering, the other 20% stake held by Nanjing Hi-Tech.
Nanjing Hi-tech medical assets, Chen Gong drug is relatively good, and Newport and its control of pharmaceutical companies with the establishment of a short time, is still at a loss, and the primary job is to make integration of medical assets for the early market. Nanjing Hi-Tech in the 2005 Annual Report in focus in 2006 referred to in Article V: The company built up in the power source to enhance the value of the company as the goal, to build high-tech and pharmaceutical industries as the representative of the development of tertiary industry echelon. focus integration of existing resources in the pharmaceutical industry to enhance the competitiveness of the pharmaceutical industry began to make Chen Gong .2006 Pharmaceutical joint-stock transformation, and strive to achieve the company listed in 2-3 years. Currently the listing from the Bank of Nanjing road can be seen, Robinson successful listing of the road may be more twists and turns long, may be a way to backdoor listing, but after all, is worth looking forward to a bright spot.
III, reported the other points
1, significant reduction of fixed assets, greatly enhancing the mobility of assets because the thermal transfer of assets
, while thermal power assets, mainly in the form of fixed assets, thus significantly reducing the company's fixed assets, from the beginning of the end of 5.1 million to 1.7 million, less 66% , the parent company's fixed assets is reduced to only 0.6 million, due to the transfer of income is mainly used for real estate projects, real estate and land development company in the business of land reserves are reflected in the company's inventory project, So the company's liquidity increased significantly.
2, prepayments increased significantly, from 1.5 million to the beginning of 6.2 billion, an increase of 300%
Xianlin real estate company is mainly explained the land transfer prepaid and other expenses, that the company is to increase land reserve.
3, a substantial increase in inventories by 6.5 million to the beginning of 14.2 million, an increase of 117%
from the content of view, mainly the company's development costs and product development significantly increased from 4.7 million to the beginning of 12.9 million, mainly due to completion of real estate projects under construction, totaling about 7 million, and the rest of the parent company of the parent company of land development costs, little change by the beginning of the end of 4.7 billion to about 5 million.
4, available for sale financial assets increased substantially, from 7.8 million to the beginning of 18.3 million, an increase of 136%
reason for the company outstanding shares held by CITIC Securities, Qixia construction, scientific urban values have increased.
5, other payments from the beginning of the year 0.26 billion to 5.35 billion, an increase of 20 times
company explained that the property temporarily closed Xianlin demolition of unpaid compensation.
6, on the calculation of earnings per share related to the company
this hidden revenue dominance issue, but also accounting for the impact on company performance, a typical case. For equity investment has been lifted, there are two methods of accounting for options, one is classified as at fair value through profit or loss and its financial assets, when the time to take this approach, the company held by the lifting of the ban has been value-added part of the current shares outstanding, after deduction of income tax payable included in current investment income, reflecting the current profit in the income statement, of course, must fall to reduce the losses reflected in profit for the current investment; the other is classified as available for sale financial assets, when taken When this approach, the company has lifted outstanding shares held by current income tax payable after deduction of value added into capital reserves, is not reflected in the income statement, down to reflect the reduction of capital surplus will not affect current profits. now Nanjing Hi-tech approach is to select classified as available for sale financial assets, the benefits of doing so is to avoid the volatility of tradable shares held by company performance impact on the formation of significant volatility in investment income caused by recessive is based. In fact, we consider the issue from another angle, no matter what approach the company uses, as investment income Ye Hao, Ye Hao as a capital surplus, the ultimate result is the same net assets, which we can calculate the net per share, end of period assets and net assets per share, the difference between beginning to get the company's actual earnings per share, to the south high school period earnings per share is 30 June of the net assets of the opening net assets of 7.58-5.89 = 1.69 yuan, and this is without calculation does not ban the case of Qixia southbound, this income is real, no matter what accounting treatment is not covered up.
South High also a huge hidden asset is not to lift the embargo Qixia Construction and Bank of Nanjing, the current reflects only the cost of the book, including the parent company shares held by Qixia construction costs 1.88 yuan 4267.15 / shares held by subsidiaries Qixia Xianlin real estate construction cost of 750 million shares of 10.42 yuan / share and 20,520 shares of Bank of Nanjing, cost 1.06 yuan / share. If the part of their holdings at market price after the lifting of the ban reflects the total assets in the south and net assets would have an explosive growth.
four questions on the private placement < br> personally think that the placement of Nanjing Hi-Tech is not the main purpose of the so-called demand for funds, but the major shareholder of the company in order to increase control over the funding needs of the real estate company, has been obtained through the transfer of thermal power assets from the company about the additional resolution could know the CUHK additional 6,000 million shares made it clear that shareholders will subscribe for not less than 3,000 shares, lock-up period of not less than 36 months, we can see, large shareholders to increase the control of the company is still very positive. the additional uncertainty there is a genuine short-term trends affecting the stock price, to see the final outcome of the game. In fact, the way to be more equitable allotment (whether high or low placement price), but does not increase the shareholder's ownership percentage .
five, for the shares when the company promised to change the distribution of profits in 2006-2008 the company not less than 70% cash dividend thinking
commitment because the restrictions cause the Company reflected in the 2007 or even 2008 cash investment income enthusiasm is not very high, can consider another idea, through the shareholder meeting, propose a new distribution plan, the proportion of the cash dividend is not less than 70% to bonus shares can be, so that companies can choose the positive part of the investment income to cash will not lead to the company a lot of cash outflows, such a happy ending and outstanding shares of the company's shareholders is a good choice.
six, on investment income and net worth thinking whether the performance of the company now has such
An argument that the high net worth useless, only the higher earnings per share, return on equity investment in high value, high performance is, I think this is a great misunderstanding, is very harmful, somewhat certain financial knowledge of people know, that is, the net assets of equity (ownership interest), a company owned by shareholders of real wealth, the company operating the outcome of the final success ultimately reflected in equity (owner's equity ) is the increase in net assets. normal operating profit to be reflected in retained earnings in equity in the project, and the current high in the south increase in net assets reflected the increase in capital reserves, while retained earnings and capital surplus are part of the net assets, in fact, sell the shares as long as high in the south, to turn from the capital reserve in out into the investment income, in the end to enter the undistributed profits, the end result is exactly the same, but now reflect the way just not the same. Do you not recognize the growth in equity value has lifted return on investment will bring it? did not realize it is only temporary, but not realized, it means that we must lose? personally believe that the long term, financial and real estate sector will still is hot, CITIC, Qixia still up space, southbound will be much room for development in the future, these are the reasons to support the company to continue holding, do not have to be secured sold to accredited?
personal view South High is years ahead of the biggest success caught the eye of investment securities tradable share reform in China the opportunity to make their investment is a great value, great for the creation of shareholder wealth, this wealth embodied in the huge increase in net assets, this is the real wealth of the shareholders, not just the subject matter only. now if all options are measured by market value, the company's net assets will reach 20 yuan or more, imagine the South High from 97 years of listing, then about 4 yuan per share, net assets rose to 20 yuan, with 10 years, if accumulated through the traditional way of the main industry, the annual income should be how much? if not by investment this way, to achieve this fission? This is the effect of capital operation Cube! and liquidity of these assets is very good very easy to realize, is real money instead of performing assets. In other words, net assets per share is the company's stock price margin of safety, in theory, if the company's strong liquidity, good asset quality, once below the net asset per share, as long as the majority shareholder approval, the company can approach through the use of winding up to serve the interests of shareholders. So, Southeast High is the stock one of the highest margin of safety. and continue to value these investments, there are still room for high net worth means that the South will increase the margin of safety will be improved. Whether black or white as it catches mice is a good cat , value-added equity investment has brought wealth and wealth brought by the main operators are the same value, why do have to point a down? Are not all the money? also stated that the benefits of equity investment value is a one-time, I do not understand why this idea, if the company will realize the stake, holding billions in cash, would not that money? to that of new shares at an average annual rate of return of 10%, have probably earned a few billion now, according to the present share capital of the southern high, average, how much per share? this is sustainable and stable income, right? multiplied by the average number of price-earnings ratio should be positioned? and the distribution of wealth eventually be only a matter of time only, We should all understand that.
seven out of institutions and funds in March thinking
Lion into, we did sally enthusiastic buying, Lion went in June, was dejected, ready to flesh out That September, Lion again how to do? then buy? Lion go again in December to sell? trends for the sector, retail will always be slow in responding, such as retail investors come to understand, is often invited into the vat, you how do you know these days whether the new funding approach? Change which larger space in the end? so all the information behind the information, especially to go through the thinking and analysis can not cause miscarriage of justice, and valuable things will eventually been interest. with the recent disk, which obviously funds the operation has been shipping since the completion of the main, that the purpose of suppressing vibration and no longer ship can only be interpreted as bargain hunting, we do not make a return fool, when the Lion gone when we come in, when the Lion comes when we walk away?
eight, rational analysis of objective thinking
sea stocks in hand, as good, so the lack of objective analysis, some negative factors can not see, this may be true, but some people from the hands-free unit that is absolutely cool and objective look at the issue, I think it may not, in some cases exaggerate the negative and negative factors of one-sided, do not see the positive and optimistic about the factors The same approach will be the loss of the favorable opportunity, not to mention some of the negative impact of even some confidence in the retail firm is not so blind in the low cycle time and not sell into the cover, resulting in the loss of the real (after investors locked in to buy they do not sell into merely a loss, were sold to buy other stocks gain as long as the period of not less than sell the stock, is not too damaged ...
total share capital of 344 million shares, outstanding shares of 223 million shares. (Investment Holdings based group)
one of the 601,009 shares held 205 million shares of Bank of Nanjing (2.17 billion), accounting for 17% is its third largest shareholder. containing 0.7 per share.
Qixia building holds 600,533 shares in circulation 5842 corporate shares, accounting for 14.43%; currently part of the equity shares have been circulation of 1575, the remaining shares will be held in January 2008 and circulation in January 2009.
holding tradable shares of CITIC Securities 2755 Restricted shares (48 million), accounting for 0.924%; (have been in circulation) August 28, 2007 to 74.91 yuan / share additional 305 securities subscription center shares, the total amount is not more than 229,077,300 yuan. Total 3060 million.
South Science City Development Co., Ltd. holds 518 million shares outstanding (11.88 million), accounting for 0.97%.
securities held in Nanjing 2434 shares (investment 140 million), accounting for 1.32%, to 4.88 million yuan while the development of holding 1.7% stake in Nanjing Yangtze River.
Second, the real estate business.
reported before in the fancy, there are several terms need to understand about.
first long-term equity investments in accounting method, there are two, one cost method, first, the equity method.
cost, by definition, long-term equity investment to the cost of investment reflected in the book , dividends are recognized as investment income. Typically, investment units of investment being less than 20% of the cases, using the cost method. Southern foreign investment in most of the high cost method, such as CITIC Securities, Nanjing Bank, Qixia construction.
the equity method, when the investment of the investee after the ratio exceeds 20%, indicating a significant impact on the company can not simply reflect the cost at this time, when the other person a profit, even if the other party do not pay dividends, but also the proportion of investment income recognized in accordance with ownership, such as: a company to invest in Company B, the investment ratio of 30%, and Company B 100 million profit that year, no bonus, but a shareholding company will be recognized in accordance with investment income 30 million (100 * 30% = 30 million), of course, a loss if the investment unit stake should follow the same investment losses. South High foreign investment using the equity method of including the Nanjing Xingang LG Display Co., Ltd. (held proportion of shares 25%), Suzhou Qixia Construction Co., Ltd. (20% stake), Xianlin Qixia Construction Company Limited (stake 49%).
second is on the consolidated financial statements.
When investment unit stake is more than 50%, indicating the invested unit of practical control, or it is holding no more than 50% of the investee also has control over the actual circumstances (such as the largest shareholder Sui Only 30% stake, but all the other shareholders to minority shareholders, ownership dispersion, no significant impact on the actual control of the company's largest shareholder) should be consolidated financial statements. consolidated financial statements of case, the income of investee assets and liabilities and all the profits incorporated into the company, the interests of other minority shareholders have in the consolidated financial statements reflect the minority interest projects. high foreign investment in the South, Nanjing Chen Gong Pharmaceutical Co., Ltd. (100% stake), Nanjing Xingang Pharmaceutical Co., Ltd. (90% stake) and Nanjing Xianlin Real Estate Development Co., Ltd. (80% stake) are the three most important period in the consolidated financial statements of the company.
in both the Nanjing High Tech reported to be concerned about two points: First, the company's investment income, and second, restructuring of the company's main business. Because now, the total assets in the south, foreign investment has accounted for a large proportion (5.7 billion total assets available sale financial assets and total long-term equity investment of 2.5 billion, accounting for about 47%), investment income has become a major source of high-profit South, so investment income is stable and sustained growth, on the southern high-performance greatly. The company to the real estate industry is currently the main transition will determine the success or failure is high in the south of the future development of the future.
a first look at the company's investment earnings:
2007 a total investment in the first half of the company income 72,370,223.09 yuan, 5 times over the same period last year, including dividends 60,770,855.20 yuan shares of the company, specifically including:
the number or proportion of shares Name of the dividend amount per share dividends
Bank of Nanjing 205,200,000 0.10 20,520,000.00
Qixia Construction 65,921,520 0.36 23,731,747.20
CITIC Securities 27,549,845 0.20 5,509,969.00
Huaxin Guang Electric 5.22% 11,009,139.00
Total 60,770,855.20
equity method investment income 11,722,474.16 dollars, specifically including:
the number or proportion of shares Name of the corresponding investment LPG benefits
Newport Newport 25% -44,143.39
LG shows 25% 4,698,405.75
Qixia 20% 5,454,829.02
Suzhou Qixia 49% 1,613,382.78
Xianlin Total 11,722,474.16
of investment income, primarily to see whether the stability and sustainable growth.
Qixia Construction Bank of Nanjing and its main source of investment income, Bank of Nanjing in 2006 was 0.49 yuan per share, fully diluted post issue of new shares is 0.32 yuan, while the 07 universal banks under the pre-pre-analysis of the situation by the south line of business growth can be expected, at least not lower than 06, dividend per share should be 06 not less than 0.10 per year; Qixia building and CITIC Securities without analysis we should also be a number, both performance surge is a foregone conclusion in 2007, dividends are not expected lower than last year. LG Newport show stable performance, Suzhou Qixia and Xianlin income of Qixia has entered the second half and 08 years should be do well, we can see, the company's investment income will continue to grow steadily.
company obtained from Nanjing Huaxin Guang Electric Co., Ltd. 2006, dividend income reported 11,009,139.00 yuan is the one bright spot, and why? because Nanjing Tech 9,536,435.01 yuan investment in the company, 5.22% stake, the Department issued in 1997 to raise funds investment shares to the cost method. The year 2006 dividend has exceeded the company's total investment, high profit of the company is indeed surprising. Now we take a look at the Nanjing Huaxin Guang Electric Co., Ltd. of the specific situation.
Nanjing Huaxin Guang Electric Co., Ltd. is a famous enterprises from Taiwan Walsin Investment Corporation and a large industrial holding company, began construction in 1994, put into operation in late 1996, the registered capital of $ 22,000,000, the actual total investment of more than 75 million U.S. dollars, is now the largest production base of low oxygen light refined copper rod. from the Jiangsu Provincial Economic and Trade Commission and other communications from the three departments 2006 operating income hundred enterprises in Jiangsu Province (Group) situation can look to the company revenues 7.442 billion yuan in 2006, ranked No. 93. this is not difficult to understand, an annual sales income of up to 74 billion enterprise, as long as 3% of the net profit margin, we can have a net profit of 2.2 billion, spread over 22 million U.S. dollars (translated into about 170 million yuan or so) on the total share capital, which means earnings per share (RMB) more than 1 yuan, Nanjing Hi-Tech 9,536,435.01 yuan investment in the company, dividend income 11,009,139.00 yuan in 2006 also a matter of course. That is, in the long-term investments under cost method, seemingly placid calm below the surface, often hidden the predators cash cow, will contribute to huge profits for the company. This is the hidden asset value in Nanjing Hi-tech surface again a classic case.
In fact, high in the south there are many similar investment, following several major investment Analysis:
1, Nanjing Xingang LG Display Co., Ltd.
2002, the Nanjing High-Tech to 29.8 million yuan in the price of the transferee, Nanjing LG Color Display System Co., Genesis 25% stake in the company, under the equity method of accounting .2006 years, was renamed Nanjing Xingang LG Display Co., Ltd.. As of June 30, 2007, the company's total contribution to the investment income 39,847,111.91 yuan, also exceeded the company's total investment. from the Jiangsu Provincial Economic and Trade Commission and other communications from the three departments of Jiangsu Province in 2006 hundred enterprises operating income (group) can access to the case, the company has revenue of 7.966 billion yuan in 2006, ranked 83, is a giant company level.
2, Nanjing flames Fujikura Optical Communication Co. Company
the company formerly known as the Nanjing Huaxin Fujikura Optical Communication Co., Ltd., Nanjing Hi-tech investment 18,705,207.20 yuan, 7.65% stake, the Department issued in 1997 to raise funds investment shares to the cost method. The company's controlling shareholder originally Walsin Holdings Limited, October 2006, FiberHome (stock code: 600498) The transferee Walsin Holdings Limited holds 50.1% stake in the company, became the controlling shareholder, and in In 2007 the company was renamed Nanjing flames Fujikura Optical Communication Limited. The company described the specific circumstances of the relevant notice FiberHome. the company doing well, equity value greater interest to the flames by 600,498 to buy the company's communications Disclosure of relevant information for further analysis.
3, HannStar Cai Xin Technology Co., Ltd. Nanjing in Nanjing Hi-tech investment
41,384,650.00 yuan, 12.50% stake, to the cost method. Nanjing HannStar Cai Xin Technology Co., Ltd. Company by Nanjing Hi-Tech, Panda Electronics Group Co., Ltd. and Samoa Mitsuhiro Resources Ltd. jointly set up in 2001, the joint venture, the company registered capital of $ 40,000,000. The size of the company is not small, but specific information from public sources of information are not can be found. a source of information friends can add.
4, Nanjing, China Nonferrous Metal Co., Ltd.
new investment in 2005 in Nanjing Hi-tech company 6,912,532.80 yuan, 5.22%% stake to the cost method. Nanjing, China Nonferrous Metal Co., Ltd. registered capital of the new $ 16,000,000, luxury International Ltd. funded $ 14,888,000, accounting for 93.05%, Nanjing Su Yuen Industrial Co., Ltd. invested $ 276,800, accounting for 1.73%, the company mainly engaged in copper alloy materials, electrification Railway overhead wires and related product development, production, sales, joint ventures enjoy preferential policies. from industry and business scope of analysis, should belong to a better investment. but the company operation from the public sources of information not found. a source of information friends can add.
the companies listed above, in addition to the Nanjing Xingang LG Display Co., Ltd. has been the equity method of accounting, the other are the cost method, that is, only the company dividends, the South High will be reflected in investment income, as long as companies do not pay dividends, no matter how effective the south is the high cost of the book to reflect the dividend as soon as Huaxin Guang power, the part of the implicit capital gains and income will emerge, reflecting the a huge return on investment.
two, and then look at the restructuring of the company's main business
the reporting period, the company invested 418.6 million yuan Holdings Real Estate Development Co., Ltd. Nanjing Xianlin, holding 80% of the original click here to correct Mo was a cloud cover articles --- the eyes look a bug, that is, real estate Development Co., Ltd. Nanjing Xianlin composition of shareholders, the registered capital of 500 million yuan Xianlin real estate, of which: 80% stake in Nanjing Hi-Tech, Nanjing Xianlin New Urban Development Co., Ltd. owned 19.8% Suburban Nanjing State-owned Assets Investment Center Holding 0.2%, the original article to the company and the construction of Xianlin Ltd. Qixia confused, 20% stake in the company Qixia building operator to the head of the wrong, to correct this.
replenishment from the company's shareholders meeting agenda can be seen, the company expects 2007 revenue of real estate sales of about 5-6 million, net profit 4000 million people, from newspaper to see, in the first half real estate sales income 93.71 million yuan, the cost of 74.8 million yuan, about 15% gross margin, net profit of 5.75 million yuan, basically consistent with the expected number.
projects under construction include: Fenghua residential landscape projects, Dongcheng family residential projects, commercial center Xianlin commercial real estate projects, residential apartments Higher Education projects, the heart Xianlin Business District CBD commercial real estate projects and affordable housing projects are currently under construction to see these items in the balance inventory items in the balance sheet reflects the development costs (in the unfinished construction projects) and development of products (sale items have been completed), worth around 715 million, these projects will become the next 2-3 years property income stable and secure.
In addition, the balance sheet events are described as follows: Xianlin real estate and land in Nanjing Guo Ziju contract signed, July 25, 2007 land transfer fees and other fees to pay about 255 million or so, this will be the company to take to another piece of land. Land Reserve is the future development of relations between the real estate business a top priority, high in the south in the background of the decision to take its place has a unique advantage, that we should be very clear.
the other hand, in advance ending balance of trade subjects show its 3 million, of which: land development and the parent company in the two million or so in advance, Xianlin real estate in a million or so in advance.
in the first half of the operation of which, the company has identified build real estate, utilities (water), pharmaceutical industry, tier three development ideas.
the case of sewage treatment plant on the companies mentioned in the small, the treatment plant plans to invest 40 million yuan, the Department of 97 years to raise funding, 2003 annual report disclosed that the project finally into 46.65 million yuan, put into operation in December 2003 and thereafter no further disclosure of the annual report of the situation of the project is estimated to benefit the general case, but the long term, this will be a main highlight of the company.
then look at the company's pharmaceutical Assets:
company has been steady growth in drug sales and higher gross margins, but the first half of 2007, drug sales have declined, which is the first decline in drug sales We look at the specific circumstances of medical assets.
medical assets include two parts, is formed to invest in the form, including Nanjing, Chen Gong Pharmaceutical Co., Ltd., Nanjing Xingang Pharmaceutical Co., Ltd. and its controlled subsidiaries.
1, Nanjing Pharmaceutical Co., Ltd. Chen Gong Basic
① 1992 年 03 month from pharmaceutical factory in Nanjing, China, small business, Wing Ning Hong Kong International Development Co., Ltd. a joint venture in Nanjing Pharmaceutical Co., Ltd. Hong Cui (Nanjing Pharmaceutical Chen Gong Limited, the predecessor) was officially established with a registered capital of 180 million.
② 1994 年 05 adding licensing state shareholder of Nanjing Hao Industrial Co., Ltd., registered capital from 180 million yuan to 400 million. ③ 1994 年 10 NanJing Hong extraction system Pharmaceutical Co., Ltd. officially changed its name to Co., Ltd. 37.5% of the share transfer to Huasheng Industrial Co., Ltd. Nanjing, Nanjing Fangren Industrial Co., Ltd., on behalf of Nanjing Kuang Industrial Co., Ltd., Nanjing, Wang Hao Industry & Trade Co., Ltd., Nanjing Yun Hao Industry & Trade Co., Ltd., Nanjing, Li Meng Technology Development Co., Ltd., Nanjing Dragon Industry & Trade Co., Ltd., handsome seven companies.
⑤ 1998 年 12 NanJing Newport to 23 million yuan to purchase hi-tech Co., Ltd. Nanjing Pharmaceutical Factory of small business, Nanjing Huasheng Industrial Co., Ltd., Industrial Co., Ltd. Nanjing Fangren eight companies a total of 75% stake in the company's largest shareholder, Hong Kong Changsheng China Development Co., Ltd. 25% of the shares unchanged.
⑥ 1999, Nanjing Pharmaceutical Co., Ltd. registered Chen Gong capital from 400 million yuan to 15.5 million yuan.
⑦ 2002 年 3 months, Nanjing Pharmaceutical Co., Ltd. joint ventures Chen Gong expiration of the joint venture the foreign contingent will be transferred to Nanjing Xingang equity Development Corporation, the nature of the joint venture company Management (Hong Kong capital) change to the capital.
⑧ 2003 年 06 月 Chen Gong Pharmaceuticals to retained earnings and capital reserves, the company increased registered capital from 15.5 million yuan to 3,000 yuan, its stake in Nanjing Hi-Tech still 75% .2004, Nanjing Hi-tech re-shot to 13.5996 million yuan to buy the remaining 24% of the pharmaceutical Chen Gong stake, while its subsidiary Transtech Engineering Design Institute Co., Ltd. Nanjing to buy the price of 566,600 yuan Chen Gong remaining 1% stake in the pharmaceutical, bringing the equity structure of the pharmaceutical Chen Gong, Nanjing Hi-tech shares into a 99% stake in Nanjing Hi-Tech Engineering Design Institute, 1%.
this point, Nanjing Hi-Tech Pharmaceuticals original work of Chen total investment of 37.1662 million yuan, 100% stake. the end of 2006, has cumulative profit of 42 million yuan contribution to the South higher, more than the total investment.
high in the south of the consolidated financial statements since 1999 to include Chen Gong pharmacy.
Here is my information from the public (South High 1999mm2006 annual) data obtained by Chen Gong (unit: million)
annual sales income of the registered capital cost of the main business profit margin net assets
1998 1550
1999 1550 3775.5 115.89
2000 1550 4708.13 179.31
2001 1550 6417.03 1702.99 4714.04 73.46% 317.39 1034 6.34
2002 1550 7199.84 1782.87 5416.97 75.24% 740.61 9854 .73
2003 3000 7719.79 1991.76 5728.03 74.20% 947.68 9782 .26
2004 3000 8604.98 2112.54 6492.44 75.45% 840.22 1212 4.32
2005 3000 9533.34 2288.57 7244.77 75.99% 1053.39 12328.37
2006 3000 10600.41 2726.13 7874.28 74.28% 1584.91 14159.15
2, Nanjing Xingang Pharmaceutical Co., The company's holding company
joint Nanjing Xingang Pharmaceutical Co., Ltd., Nanjing Xingang chain pharmacies Co., Ltd., Nanjing Xingang Pharmaceutical Co., Ltd., Nanjing precedent Pharmaceutical Co., Ltd., all involved in the consolidated financial statements.
2003 年 2 月Nanjing Hi-tech investment 27 million yuan to set up Nanjing Xingang Pharmaceutical Co., Ltd., accounted for 90%.
2004, the Nanjing Xingang Pharmaceutical Co., Ltd. jointly acquired Nanjing Xingang Pharmaceutical Co., Ltd., the company registered capital of 7,000,000 yuan, Nanjing Xingang Pharmaceutical Limited accounts for 73%.
2004, the Nanjing Xingang Pharmaceutical Co., Ltd. (holding 90%) and Nanjing Xingang United Pharmaceutical Co., Ltd. (holding 10%) with a chain of pharmacies Nanjing Xingang Co., Ltd., with registered capital of 800 million.
2004 年 12 months, Nanjing Xingang Pharmaceutical Co., Ltd. (holding 90%) combined with Nanjing Xingang Pharmaceutical Co., Ltd. (holding 10%) with a Nanjing Xingang Pharmaceutical Co., Ltd., registered capital of 10 million element.
2004 年 12 months, Nanjing Xingang Pharmaceutical Co., Ltd. to 3.442 million yuan transferee Schering AG, Germany Nanjing, held 80% stake in Schering, the other 20% stake held by Nanjing Hi-Tech.
Nanjing Hi-tech medical assets, Chen Gong drug is relatively good, and Newport and its control of pharmaceutical companies with the establishment of a short time, is still at a loss, and the primary job is to make integration of medical assets for the early market. Nanjing Hi-Tech in the 2005 Annual Report in focus in 2006 referred to in Article V: The company built up in the power source to enhance the value of the company as the goal, to build high-tech and pharmaceutical industries as the representative of the development of tertiary industry echelon. focus integration of existing resources in the pharmaceutical industry to enhance the competitiveness of the pharmaceutical industry began to make Chen Gong .2006 Pharmaceutical joint-stock transformation, and strive to achieve the company listed in 2-3 years. Currently the listing from the Bank of Nanjing road can be seen, Robinson successful listing of the road may be more twists and turns long, may be a way to backdoor listing, but after all, is worth looking forward to a bright spot.
III, reported the other points
1, significant reduction of fixed assets, greatly enhancing the mobility of assets because the thermal transfer of assets
, while thermal power assets, mainly in the form of fixed assets, thus significantly reducing the company's fixed assets, from the beginning of the end of 5.1 million to 1.7 million, less 66% , the parent company's fixed assets is reduced to only 0.6 million, due to the transfer of income is mainly used for real estate projects, real estate and land development company in the business of land reserves are reflected in the company's inventory project, So the company's liquidity increased significantly.
2, prepayments increased significantly, from 1.5 million to the beginning of 6.2 billion, an increase of 300%
Xianlin real estate company is mainly explained the land transfer prepaid and other expenses, that the company is to increase land reserve.
3, a substantial increase in inventories by 6.5 million to the beginning of 14.2 million, an increase of 117%
from the content of view, mainly the company's development costs and product development significantly increased from 4.7 million to the beginning of 12.9 million, mainly due to completion of real estate projects under construction, totaling about 7 million, and the rest of the parent company of the parent company of land development costs, little change by the beginning of the end of 4.7 billion to about 5 million.
4, available for sale financial assets increased substantially, from 7.8 million to the beginning of 18.3 million, an increase of 136%
reason for the company outstanding shares held by CITIC Securities, Qixia construction, scientific urban values have increased.
5, other payments from the beginning of the year 0.26 billion to 5.35 billion, an increase of 20 times
company explained that the property temporarily closed Xianlin demolition of unpaid compensation.
6, on the calculation of earnings per share related to the company
this hidden revenue dominance issue, but also accounting for the impact on company performance, a typical case. For equity investment has been lifted, there are two methods of accounting for options, one is classified as at fair value through profit or loss and its financial assets, when the time to take this approach, the company held by the lifting of the ban has been value-added part of the current shares outstanding, after deduction of income tax payable included in current investment income, reflecting the current profit in the income statement, of course, must fall to reduce the losses reflected in profit for the current investment; the other is classified as available for sale financial assets, when taken When this approach, the company has lifted outstanding shares held by current income tax payable after deduction of value added into capital reserves, is not reflected in the income statement, down to reflect the reduction of capital surplus will not affect current profits. now Nanjing Hi-tech approach is to select classified as available for sale financial assets, the benefits of doing so is to avoid the volatility of tradable shares held by company performance impact on the formation of significant volatility in investment income caused by recessive is based. In fact, we consider the issue from another angle, no matter what approach the company uses, as investment income Ye Hao, Ye Hao as a capital surplus, the ultimate result is the same net assets, which we can calculate the net per share, end of period assets and net assets per share, the difference between beginning to get the company's actual earnings per share, to the south high school period earnings per share is 30 June of the net assets of the opening net assets of 7.58-5.89 = 1.69 yuan, and this is without calculation does not ban the case of Qixia southbound, this income is real, no matter what accounting treatment is not covered up.
South High also a huge hidden asset is not to lift the embargo Qixia Construction and Bank of Nanjing, the current reflects only the cost of the book, including the parent company shares held by Qixia construction costs 1.88 yuan 4267.15 / shares held by subsidiaries Qixia Xianlin real estate construction cost of 750 million shares of 10.42 yuan / share and 20,520 shares of Bank of Nanjing, cost 1.06 yuan / share. If the part of their holdings at market price after the lifting of the ban reflects the total assets in the south and net assets would have an explosive growth.
four questions on the private placement < br> personally think that the placement of Nanjing Hi-Tech is not the main purpose of the so-called demand for funds, but the major shareholder of the company in order to increase control over the funding needs of the real estate company, has been obtained through the transfer of thermal power assets from the company about the additional resolution could know the CUHK additional 6,000 million shares made it clear that shareholders will subscribe for not less than 3,000 shares, lock-up period of not less than 36 months, we can see, large shareholders to increase the control of the company is still very positive. the additional uncertainty there is a genuine short-term trends affecting the stock price, to see the final outcome of the game. In fact, the way to be more equitable allotment (whether high or low placement price), but does not increase the shareholder's ownership percentage .
five, for the shares when the company promised to change the distribution of profits in 2006-2008 the company not less than 70% cash dividend thinking
commitment because the restrictions cause the Company reflected in the 2007 or even 2008 cash investment income enthusiasm is not very high, can consider another idea, through the shareholder meeting, propose a new distribution plan, the proportion of the cash dividend is not less than 70% to bonus shares can be, so that companies can choose the positive part of the investment income to cash will not lead to the company a lot of cash outflows, such a happy ending and outstanding shares of the company's shareholders is a good choice.
six, on investment income and net worth thinking whether the performance of the company now has such
An argument that the high net worth useless, only the higher earnings per share, return on equity investment in high value, high performance is, I think this is a great misunderstanding, is very harmful, somewhat certain financial knowledge of people know, that is, the net assets of equity (ownership interest), a company owned by shareholders of real wealth, the company operating the outcome of the final success ultimately reflected in equity (owner's equity ) is the increase in net assets. normal operating profit to be reflected in retained earnings in equity in the project, and the current high in the south increase in net assets reflected the increase in capital reserves, while retained earnings and capital surplus are part of the net assets, in fact, sell the shares as long as high in the south, to turn from the capital reserve in out into the investment income, in the end to enter the undistributed profits, the end result is exactly the same, but now reflect the way just not the same. Do you not recognize the growth in equity value has lifted return on investment will bring it? did not realize it is only temporary, but not realized, it means that we must lose? personally believe that the long term, financial and real estate sector will still is hot, CITIC, Qixia still up space, southbound will be much room for development in the future, these are the reasons to support the company to continue holding, do not have to be secured sold to accredited?
personal view South High is years ahead of the biggest success caught the eye of investment securities tradable share reform in China the opportunity to make their investment is a great value, great for the creation of shareholder wealth, this wealth embodied in the huge increase in net assets, this is the real wealth of the shareholders, not just the subject matter only. now if all options are measured by market value, the company's net assets will reach 20 yuan or more, imagine the South High from 97 years of listing, then about 4 yuan per share, net assets rose to 20 yuan, with 10 years, if accumulated through the traditional way of the main industry, the annual income should be how much? if not by investment this way, to achieve this fission? This is the effect of capital operation Cube! and liquidity of these assets is very good very easy to realize, is real money instead of performing assets. In other words, net assets per share is the company's stock price margin of safety, in theory, if the company's strong liquidity, good asset quality, once below the net asset per share, as long as the majority shareholder approval, the company can approach through the use of winding up to serve the interests of shareholders. So, Southeast High is the stock one of the highest margin of safety. and continue to value these investments, there are still room for high net worth means that the South will increase the margin of safety will be improved. Whether black or white as it catches mice is a good cat , value-added equity investment has brought wealth and wealth brought by the main operators are the same value, why do have to point a down? Are not all the money? also stated that the benefits of equity investment value is a one-time, I do not understand why this idea, if the company will realize the stake, holding billions in cash, would not that money? to that of new shares at an average annual rate of return of 10%, have probably earned a few billion now, according to the present share capital of the southern high, average, how much per share? this is sustainable and stable income, right? multiplied by the average number of price-earnings ratio should be positioned? and the distribution of wealth eventually be only a matter of time only, We should all understand that.
seven out of institutions and funds in March thinking
Lion into, we did sally enthusiastic buying, Lion went in June, was dejected, ready to flesh out That September, Lion again how to do? then buy? Lion go again in December to sell? trends for the sector, retail will always be slow in responding, such as retail investors come to understand, is often invited into the vat, you how do you know these days whether the new funding approach? Change which larger space in the end? so all the information behind the information, especially to go through the thinking and analysis can not cause miscarriage of justice, and valuable things will eventually been interest. with the recent disk, which obviously funds the operation has been shipping since the completion of the main, that the purpose of suppressing vibration and no longer ship can only be interpreted as bargain hunting, we do not make a return fool, when the Lion gone when we come in, when the Lion comes when we walk away?
eight, rational analysis of objective thinking
sea stocks in hand, as good, so the lack of objective analysis, some negative factors can not see, this may be true, but some people from the hands-free unit that is absolutely cool and objective look at the issue, I think it may not, in some cases exaggerate the negative and negative factors of one-sided, do not see the positive and optimistic about the factors The same approach will be the loss of the favorable opportunity, not to mention some of the negative impact of even some confidence in the retail firm is not so blind in the low cycle time and not sell into the cover, resulting in the loss of the real (after investors locked in to buy they do not sell into merely a loss, were sold to buy other stocks gain as long as the period of not less than sell the stock, is not too damaged ...
Monday, December 20, 2010
Lang Qinyuan friends
Lang Qinyuan friends, watched the news a few days before the survey, to know your community in the implementation of a new model to manage their own property, to secure the rights of owners, it is not easy. Please cherish. Also, the forum now you There are 2 vest: the truth lies / Long piano for a month, this guy is full of scum. Please do not be taken in, are interested in connecting my signature look!!
Sunday, December 19, 2010
Successful entrepreneur should have great quality 8 (1)
Tolstoy wrote: Happy families are all the same, unhappy family is unhappy in its own. To apply these words, we can say that successful entrepreneurs are the same, failed entrepreneurs will have the reasons. entrepreneurs also have something in common. to study the similarities and capitalize on these commonalities, it is a very meaningful thing. by studying successful entrepreneurs who grasp the common, and these commonalities I myself, at least you can understand whether for entrepreneurship. If business is a greater likelihood of success or failure more likely.
by thousands of business experts, case studies, found that successful entrepreneurs with a variety of common features, extracted from business experts the most obvious, and that is the most important 10, called the quality of Chinese entrepreneurs 10.
1, the desire to desire out
entrepreneurs in China, the quality of the first, Do not you think very strange? Buddhist scriptures have a word, called the desire is just, meaning that if a person is no desire, he would not afraid of anything, nothing to fear out. monks in the temple practice life, end of no do not want to its demise ; Taoist meditation retreat day, end of day no one do not want to soaring, although the desire is just visible, but no desire to do what is a difficult thing.
desire is in fact a life goal, an ideal of life . entrepreneurs and ordinary people desire desire difference is, they are often beyond their desire to reality, they need to break their current foothold, to break the front of the confinement, it can be achieved. Therefore, the entrepreneur is often accompanied by the desire the mobility and sacrifice. This is not the ordinary people can do it. you go to any of the door stop a government agency, as a person can be found: they dazed-looking, action desolate, lonely state of mind, their only wish is with the situation can be maintained. They pledge that institutional reforms do not change to your body, then there are the monthly wages paid in full and on time. They would have enough knowledge, there is sufficient capacity and resources to open up the cause, but no such desire, they feel good enough in front of life. These people are not limited to the authority, any place where a people have such a person, how can you expect him to start?
we say the desire of entrepreneurs is restless, is higher than the reality and needs to be able to get the Dianqi feet, sometimes need to be able to get a jump. how much a person's dream, his career would have much . The so-called dream, but a desire alias, you can imagine the desire to promote the role of a person how much.
the fourth, making friends. Many entrepreneurs start the first IDEA (idea) is produced, inspired by friends, or simply is directly made by friends. So, after the success of these people in the business will be more active in maintaining contact with former friends, and friends make the world, continue to forge their own social circle.
four major sources of business IDEA , which is an effective way to broaden their horizons four. money eyes, eyes open, see the money equal to the union said, broad perspective to see more money, make more money. business experts advise entrepreneurs, the time must be more than around around and many friends and talk about day to read, observe, think more. Opportunities favor only the prepared mind, so that their eye-opening is the best preparation.
2, Ming Ming potential
Potential means two levels, as an entrepreneur, a clear potential to be, two things should be clear. We asked to explain the situation.
potential, is the trend. futures did people know that the key is to want to make money doing the right direction, this direction is the trend. For example, the general trend of the air, you do more than partial; or a big snob and more, you go short side, you do not lose money who lose money! the other hand, you just do not want to make money is immune.
potential sub-trend, the potential, the small potential. business people, must keep up the situation, to study the policy. This is the trend. Many entrepreneurs do not pay attention to this work, policy research that leave large, empty, empty, does not make sense. actually it. For an entrepreneur, the large change of state leaders, as small as a small township officials the fate of sesame, will affect their own. On the policy side, the state encouraged the development of what, what limits the development of , the more closely related to the success of the venture. to do the right direction, along the national level to encourage the efforts may be more efficiently; do anti-direction, for example, an industry, a type of enterprises, the state is preparing to limit the policy level , out of bias in time when you hit into a muddle, will Jifeidanda.
refers to the potential market opportunities. what the market is now fashionable, what's going on, what people are like, do not like what may indicate the direction of your business. If you are ready to start, and your lack of funds, experience is inadequate, then you can look around people are doing what we do together, you do what I do, certainly not wrong Although impossible to make big money, but less chance of losing money, the risk is small, more suitable for those less risk-bearing capacity of entrepreneurs. earn average profit for small business entrepreneurs on the good, through this exercise , you can slowly learn skills of making big money, big money slowly accumulated capital, when a chance arrived in the Lung nine days, or Fung Mo Qishan, is not the final say to you? If your capital is abundant, risk tolerance Strong, of course you can go from the beginning of entrepreneurship sword easy road, look for popular, big money, but so few entrepreneurs.
small potential is the individual's ability, character, expertise. entrepreneurs in the choice of business projects, must find those suited to their ability to fit their own interests, can play their own specialty items that help you do persistent whole body. business is a grueling event, the entrepreneur must be prepared to suffer .
out another layer of meaning potential is clearly something an entrepreneur to understand human affairs. the old saying: Dreams of all knowledge, human sophistication that article. The primary purpose of business is reasonable and legitimate way to make money, not In order to transform society. transformation of society is waiting for you developed later, also requires that you have that kind of interest. business is not to be angry with whom, you have to how how the other person that you have to how how this man, you just feel a little comfortable, and your trip is set for themselves.
entrepreneurship is a survival in cracks in the activities, especially in the social transition period, the system is not very sound legal environment, only the first to meet the social entrepreneurs in order to joints to avoid problems in personnel. as a control, a lot of the original foreign-funded enterprises is very arrogant, that the local talent that was not feasible, so not only can read well by foreign monks, are now aware of the importance of localization of talent. Why talent localization? because local people are more familiar with local circumstances, to do things in accordance with local rules, that is more Romans. entrepreneurs must be clear potential, not only to the Ming government affairs, commercial, even out things, personnel, this should is the basic quality of an entrepreneur.
3, sensitive
sensitive than nervous. neurotic people, like those characters in Qiong Yao's novels, can be a vase, you can make a staple of entertainment, but only not suitable for business.
sensitive entrepreneur, is sensitive to external changes, especially in rapid response to business opportunities.
commercial sensitivity of some people from the ears, some commercially sensitive from the eyes, there are some people commercially sensitive from your own legs.
Beijing said that a person is not naive, and would say he did not see eye children, can not see the good and bad meaning. Actually, in the face to keep coming every day in front of the slide business opportunities, there is a discerning few people see the children's?
some business sense is innate, such as Hu Xueyan, more people are relying on the business sense of nurture. If you're determined to make a businessman, you should be like Training dogs feel like the training of their own business. good business sense, is the best guarantee for the success of entrepreneurs.
4, business contacts
not cited a river without water, and plant a forest without trees. each individual business, must have their go by the conditions, but also is its own resources. the quality of how an entrepreneur, take a look at their resources to establish and expand the ability to know.
entrepreneur resources, external resources can be divided into and two kinds of internal resources. internal resources are mainly the ability of individual entrepreneurs, they share information and knowledge and skills of production, which is commonly referred to as tangible and intangible assets, but such tangible and intangible assets belonging to individuals Bale . the entrepreneur's family resources can be seen as part of internal resources entrepreneurs. have a good internal resources, individual entrepreneurs is undoubtedly important, but because most of them not by individual entrepreneurs to obtain, and There is a natural, with natural properties, we focus on in this no.
We hope this discussion is the creation of entrepreneurs external resources. One of the most important point is that the entrepreneurial network of resources that entrepreneurs build their interpersonal network or social networking capabilities. an entrepreneur if you can not in the shortest possible time within the establishment of their most extensive network of people, and that his business will be very difficult, even if its initial can rely on leading-edge technology or their own qualities, such as hard or plan carefully, get some degree of success, we can assert that his career will not do.
entrepreneurs interpersonal resources, according to its importance, is the first student resources. In fact, students have been among the have the obligation to help each other, in the present era, with the purpose of commercial or utilitarian into the school, and there is nothing inappropriate. because the contacts between the students more closely, a better understanding of each other, while there is no conflict of interest because of the young men, Most adults will come together from all over the world, there is a conflict of interest with each other and little, so friendships are generally more reliable, higher purity. For entrepreneurs, it is cherished the most important external resources. and students alike, are comrades in arms; can be compared with the students and the fellow comrades. common human geography background, so that the villagers have a natural sense of intimacy.
second career resources. For entrepreneurs, the most obvious effect most important professional resource. The so-called career resources that entrepreneurs in the business prior to working for others created various resources, including project resources, and interpersonal resources. take full advantage of career resources, career resources, starting from the pioneering, entrepreneurial activity is not consistent with cooked do not do dogma. particularly in the country has not, like the United States or European countries, universal recognition and implementation of trade rules to avoid the case ending, select start from the entrepreneurial career resources, has become a shortcut to success and many people and magic.
The third is a friend of resources. a friend is a general term. classmate is a friend, ally and friend. fellow friends and colleagues as a friend. an entrepreneur, have to pay part of everyday friends, able to talk to, to pay get on, just like eighteen Weaponry, to the time which variable to use it as. friends just like capital, the more the better for entrepreneurs. at home by their parents, go out to rely on friends, and more is a friend of more than one way wisdom. an entrepreneur if you can not make friends, not many friends, certainly die. business experts believe that interpersonal skills should be included in the quality of the first entrepreneurs.
success and must have three non-human
success and quality of what a quality person? inhuman entrepreneurs need three qualities:
1, ambitious.
no ambition, no ambition, ambition and imagination is a form of entrepreneurship basis, with these we can innovation. Schumpeter , enterprise, ambition comes from. ambitious people to take risks, take risks in innovation, ambition is not necessarily greedy.
2, can be frustrating.
frustrating is the action, the light is not ambitious action can not be successful . toss that in the absence of decision-making and program implementation will never be realized. This is the first layer of meaning; second meaning is in the process of implementing changes to respond to changes in the morphology of the Executive.
not implementation, they will not toss; able to perform well, may not be a good toss.
3, no sense of shame.
face and can not simultaneously be in the child. transfusions do not lose money, lose money without blood transfusion. take into account the face may eventually not into all the time, lend a hand to start from the basic work, dealing with people at all levels can get real practical results. a lot of returnees, a former senior government officials and well-educated workers re-start when the successful probability is very low, because then that they too want to face.
to content, not form; to be in the child, it will naturally create the face.
entrepreneur must be thought out errors
recent chat with friends, talking about Why do most home business failure. There are many reasons for business failure, I think the key thing is ideology than the misunderstanding. There are many entrepreneurs in the business at the beginning of consciousness has planted the seeds of failure, that is, sit back and wait thinking is full of opportunistic . This idea led to the result: only know are ambitious, full of pride. but most people go the way are opportunistic, he considered himself a sudden one day it will encounter a wealth of opportunities. so do not know from their own professional and trade off, but every days of blind chaos of the industry series, calling them too boring, no development, I'm going to start But the outcome is often about your To be very familiar in a row. Do not always dream of coming opportunities, but to opportunities created, and some people with a chance of success, but by chance and buy lottery tickets, as very few people win . can seize the chance of people, certainly have done a lot in the necessity of a preparation. who will not hit the head of Apple, think of gravity, there must necessarily have a chance accumulation of inspiration. people who want to start Do not indulge in that the total number of legendary stories, you see the whole struggle through the course of the story, every success is not accidental, but you ignore the inevitable behind.
analysis of opportunism in fact, sit back and wait thinking source is, Where the money series, the industry can make money always felt himself to do well, but often people really see the future of the industry has made pioneering advances, you could be assigned to very much. There are many things that way, when understood was already too late. a lot of people's failure.
that business should do to prepare? I personally think that the business and carry out scientific research as well prepared to step by step. First of all, you have to enter an industry, to fully understand the industry process to control the industry dynamics, so that industry director, an idea, no matter which industry is promising, but the lack of people who have a future. Second, select the right entry point, the importance of this industry and found that the weak part, to be improved and established part, this is your opportunity lies. Again, that is, the accumulation of resources in this industry, such as raw material sources, markets, contacts and so on. Finally, there is not an empty saying, we must strive to do, adhere to the direction, constantly revised. Why do business people
home most of the losers, because most of them are opportunists! the cause is not a long wait, is made up bit by bit; wealth is not a long wait, is the cause of the sweet fruit of the flower!
you must understand the business rules of the game in the
you want to start it? with items you are seeking support for commercial development? Then, you know the risks of overseas investment and domestic venture capital how to choose the project? how entrepreneurial opportunities for mergers and acquisitions ?
few days ago, by the Cultural and Education Section British Consulate-General of the organization, ; returnees President Fan Ruoyu begins with respect. He frankly said: br> If you want to attract foreign investment, foreign venture capital must first understand the trend. These trends are as follows: The requirements of holding or relative holding; tend to invest in larger projects; also want to invest a certain amount of business; asked to be invested enterprises have revenue or profit; investment period tends to growth, expansion and maturity.
for principle.
1. high return. This requires that the selected high growth companies should be at least 10% annual growth rate of more than. For example, the risk of foreign investment will not choose clothing. Therefore, in order to attract overseas venture capital, to selected areas of development.
2. products and services unique. your business have a unique advantage? these advantages embodied in the technology, brand, cost, etc., can keep more of these advantages for a long time to decide whether the investor is also an important factor in investment. For example, the cost advantage, before most of the United States is Thailand's production of bags, and now the United States basically bags manufactured in China, because China's lower cost. This cost advantage can help businesses to attract overseas venture.
3. viable business model and profit model. business model is how to produce goods, how to provide services and market planning, etc.; profit model is how to make money, how the product and services into profits. profitable business model and feasibility of the model, which ultimately is reflected in the execution business.
4. risk investments are putting the word profit. So, in general, venture capital have a competitive choice business, industry leader. Therefore, in order to attract investment, plan to specify the size of their business, planning, development status.
5. team integrity complement each other. The human factor is often considered a business success an important factor. and a man of integrity, honesty is always the first one, how a man is reflected in the work, and reflect on how enterprises. Meanwhile, the complementarity between team members is also a factor in business success. So, who is also valued by venture capital.
at home and venture capital: do not do raw and cooked significantly different overseas venture capital, have industry experience of our own, so we just voted IT industry. it? Lijia Qing said: early days, the entrepreneur must be clean architecture, which can attract investors. just like you rent a house, house to clean, do not let renters come in and then clean up. ambition is a good thing, but first do not rush to see you for a business? your plan feasible? According to some lessons learned over the people, may wish to make a self-assessment.
clear up your business idea? to entrepreneurs, must have a clear idea. If you can not put ideas in simple language to express clearly, that you do not sort out our thinking. think again.
used by others this way? general, those running red-hot The operating method is more than the idea of a special reality and maneuverability. of course, do not rule out the more unique your idea is not thought of other people.
you really know you are engaged in industry? many industries require the use engaged in this industry, because they are all aspects of the industry have to understand the situation. Otherwise, you have to spend a lot of time and experience to understand, investigate and become familiar with.
be fully present? Do you wish to In the next 5 years, 10 years or longer dedicate themselves to the implementation of your plan to go?
network prepared? entrepreneurial process is actually an organization such as suppliers, IT consultants, employees, etc. The process . For this reason, you should have a good service for your network of relationships.
not spur of the moment. to analyze the adequacy of their own competitiveness. not only to give full consideration to a good market, economic capacity, also taking into account family factors. If you consider these areas clear, your odds for big business.
business also depends on the strength of the team
we are talking about business, about how to start, what are suitable for business, entrepreneurship pay attention to what and so on, all with their own stories and experience in the business side in front on the way into the signs erected to guide the entrepreneurs to go on the road, so that they stumble in the small business on the road, I really benefit. With grateful heart, and today I have to and so on, hope the wing.
Business Partnership as a way to lower risk of business has been receiving a lot of people, partnership, business venture in the early days I think there must be a leaders in the business on the road, personal charisma, the vast majority decided to start the successes and failures, this time is particularly leadership people need to navigate, or else before the company will lose in the direction of major issues, will not the backbone. Many well-known enterprises that are so developed, whether Mengniu Niu Gensheng Ye Hao, or that Haier's Zhang, is the man with excellent leadership skills.
However, even if the characters and then scold surprised situation, in some it will also have hands-free move before the time, the team's strength is especially important at this time friends. Unfortunately, some business owners, especially his own and one day the boss came out hard and not care about the team's view, arbitrariness used to the views of the character of the men turned a deaf ears, over time, men will not say anything, even if there is no opinion that simmer in silence. When the boss is no way to solve the problem, this time to go to the bottom view is basically The answer is no, why, because everyone is accustomed to doing things the way you want step by step, they have lost the thoughtful, you have to swallow the bitter fruit of a self.
I see this forum post, said to be a do Maternity business, the company is first-rate technology and quality of clothing, but the market response was very poor. Later, after a marketing survey that the main reason is the new style is not enough, now pregnant women love to dress up, do not like the style for too long maternity dress. But the boss is not necessary that the innovations that the Maternity and practical on the line, just do not listen to the comments below, then start from the other side, the result can be imagined, of course, is not Xiangponaodai also increase sales.
Looking back, We will surprised to learn that such examples abound. business leaders do not attach importance to the views of men, do not attach importance to the team's view, all self-centered, lips like to say, : initiative and collaborative, it is not the simple addition of manpower, in cooperation, the team should be able to do 1 + 1> 2 effect, is what we often call a day reading an article, said The remark impressed me.
In front of reporters, Yan Kai, and count the story of the Pacific for many years. Thoughts of failure, the strict medium and said, br> Yan Kai and very regrettable mistakes, how to manage the team, how to maximize the role of team leader in every enterprise which is considered to be key issues. a member of the team, how to manage, use well, is an enterprise in the fierce competition in the key growth and development, so I think on the most appropriate position, to make all of a mind, > I found a very interesting phenomenon, Li Ka-shing in the business, many people than he was rich, but then those people disappeared, or wealth far came in behind him. Bill. Gates new business, more money than he a lot of people, but later it became the richest man Bill Gates. Why?
because the success of a person, the most important other than just the ability to make money.
like you driving a car on the highway To turn on and the line, both cars can not be turned, but also to maintain the speed, it is very difficult. this time the key is the driver's skill, this technique is beyond the ability to make money.
the ability to make money outside of what exactly is capacity? I summarizes the four.
one, will lower his profile. I found that doing good business people who are good at their low profile more freely. In Chinese culture, is called to others face, is that you have to honor in it. by the Beijing dialect, the money should be like Grandpa, grandson of money to be like.
two values. values are the standards we judge right and wrong. The reason why you do it not do that, why do not do that, that is, values. MBA often talk about competitive differentiation, product differentiation strategy, marketing approach in these areas, almost all to copy. really can not be copied is the value, which is why some people succeed, and some people do not succeed.
the so-called values, that is, with your partner, colleagues, friends relationship, you need to get a scale to measure, to decision-making , and this thing will lead you into a different direction. For example, we see Ma, Ma, do not look at success stories, but should see Ma doing the micro decisions, how to judge the small right and wrong. Jack Ma of Alibaba, when the listing He took only a 5% stake, which is values. but there are some people, 70% of the shares will become their own.
three, perseverance and patience. Why is it important to adhere to? like to do enterprise, after three years if we do, ruin the business, and we may not put us seriously. When we still here 30 years later, when we begin to have some respect; if 300 years later, the company also , we will worship.
therefore, the time is a good thing, the Chinese tradition, did not do things in the way to the fast, most of them teach us to do things to slow in the office. slowly, able to things to do, so called and accurately determine the future. When a person reaches a certain stage of his career, or a business has grown quite well, when actually faced with greater challenges, it is necessary to accurately predict the future time.
my company has been chairman for 17 years, have not done a day manager. I found that not much I can do the work, but it cost God. because I have to dry three things: first, to see where others can not see; second count others Suanbu Qing's account; Third, do other people do not do.
This is actually very difficult. First, you will never see another sight. including the risks and opportunities, a lot we do not know about the future trends, these business leaders need to spend a lot of time. we need a way to see trends, patterns, risks, opportunities, these are important. These things are beyond the ability to make money, to accumulate and study the long-term.
Second, the operator who Suanbu Qing's account. For example, we are looking for a partner, there may be five people standing in front of your door, can give you money, you have land, money, Yang Qian, a dumb money, smart money, you whom? soil characteristics of decision-making fast money, big change, intervention and more; Yangqian slow decision-making, according to the rules, intervene in small, but the management of your place, and never compromise.
to run a business, must have the ability to reckon those Suanbu Qing's account.
Third, do other people do things. For example, the responsibility of corporate citizenship, to disaster relief, to environmental protection, and do all sorts of things. these things managers less willing to do, the chairman to do what they do not do.
these are beyond the ability to make money, only with these, a person's career can be gradually moving towards the ultimate success, companies can long-term development.
by thousands of business experts, case studies, found that successful entrepreneurs with a variety of common features, extracted from business experts the most obvious, and that is the most important 10, called the quality of Chinese entrepreneurs 10.
1, the desire to desire out
entrepreneurs in China, the quality of the first, Do not you think very strange? Buddhist scriptures have a word, called the desire is just, meaning that if a person is no desire, he would not afraid of anything, nothing to fear out. monks in the temple practice life, end of no do not want to its demise ; Taoist meditation retreat day, end of day no one do not want to soaring, although the desire is just visible, but no desire to do what is a difficult thing.
desire is in fact a life goal, an ideal of life . entrepreneurs and ordinary people desire desire difference is, they are often beyond their desire to reality, they need to break their current foothold, to break the front of the confinement, it can be achieved. Therefore, the entrepreneur is often accompanied by the desire the mobility and sacrifice. This is not the ordinary people can do it. you go to any of the door stop a government agency, as a person can be found: they dazed-looking, action desolate, lonely state of mind, their only wish is with the situation can be maintained. They pledge that institutional reforms do not change to your body, then there are the monthly wages paid in full and on time. They would have enough knowledge, there is sufficient capacity and resources to open up the cause, but no such desire, they feel good enough in front of life. These people are not limited to the authority, any place where a people have such a person, how can you expect him to start?
we say the desire of entrepreneurs is restless, is higher than the reality and needs to be able to get the Dianqi feet, sometimes need to be able to get a jump. how much a person's dream, his career would have much . The so-called dream, but a desire alias, you can imagine the desire to promote the role of a person how much.
the fourth, making friends. Many entrepreneurs start the first IDEA (idea) is produced, inspired by friends, or simply is directly made by friends. So, after the success of these people in the business will be more active in maintaining contact with former friends, and friends make the world, continue to forge their own social circle.
four major sources of business IDEA , which is an effective way to broaden their horizons four. money eyes, eyes open, see the money equal to the union said, broad perspective to see more money, make more money. business experts advise entrepreneurs, the time must be more than around around and many friends and talk about day to read, observe, think more. Opportunities favor only the prepared mind, so that their eye-opening is the best preparation.
2, Ming Ming potential
Potential means two levels, as an entrepreneur, a clear potential to be, two things should be clear. We asked to explain the situation.
potential, is the trend. futures did people know that the key is to want to make money doing the right direction, this direction is the trend. For example, the general trend of the air, you do more than partial; or a big snob and more, you go short side, you do not lose money who lose money! the other hand, you just do not want to make money is immune.
potential sub-trend, the potential, the small potential. business people, must keep up the situation, to study the policy. This is the trend. Many entrepreneurs do not pay attention to this work, policy research that leave large, empty, empty, does not make sense. actually it. For an entrepreneur, the large change of state leaders, as small as a small township officials the fate of sesame, will affect their own. On the policy side, the state encouraged the development of what, what limits the development of , the more closely related to the success of the venture. to do the right direction, along the national level to encourage the efforts may be more efficiently; do anti-direction, for example, an industry, a type of enterprises, the state is preparing to limit the policy level , out of bias in time when you hit into a muddle, will Jifeidanda.
refers to the potential market opportunities. what the market is now fashionable, what's going on, what people are like, do not like what may indicate the direction of your business. If you are ready to start, and your lack of funds, experience is inadequate, then you can look around people are doing what we do together, you do what I do, certainly not wrong Although impossible to make big money, but less chance of losing money, the risk is small, more suitable for those less risk-bearing capacity of entrepreneurs. earn average profit for small business entrepreneurs on the good, through this exercise , you can slowly learn skills of making big money, big money slowly accumulated capital, when a chance arrived in the Lung nine days, or Fung Mo Qishan, is not the final say to you? If your capital is abundant, risk tolerance Strong, of course you can go from the beginning of entrepreneurship sword easy road, look for popular, big money, but so few entrepreneurs.
small potential is the individual's ability, character, expertise. entrepreneurs in the choice of business projects, must find those suited to their ability to fit their own interests, can play their own specialty items that help you do persistent whole body. business is a grueling event, the entrepreneur must be prepared to suffer .
out another layer of meaning potential is clearly something an entrepreneur to understand human affairs. the old saying: Dreams of all knowledge, human sophistication that article. The primary purpose of business is reasonable and legitimate way to make money, not In order to transform society. transformation of society is waiting for you developed later, also requires that you have that kind of interest. business is not to be angry with whom, you have to how how the other person that you have to how how this man, you just feel a little comfortable, and your trip is set for themselves.
entrepreneurship is a survival in cracks in the activities, especially in the social transition period, the system is not very sound legal environment, only the first to meet the social entrepreneurs in order to joints to avoid problems in personnel. as a control, a lot of the original foreign-funded enterprises is very arrogant, that the local talent that was not feasible, so not only can read well by foreign monks, are now aware of the importance of localization of talent. Why talent localization? because local people are more familiar with local circumstances, to do things in accordance with local rules, that is more Romans. entrepreneurs must be clear potential, not only to the Ming government affairs, commercial, even out things, personnel, this should is the basic quality of an entrepreneur.
3, sensitive
sensitive than nervous. neurotic people, like those characters in Qiong Yao's novels, can be a vase, you can make a staple of entertainment, but only not suitable for business.
sensitive entrepreneur, is sensitive to external changes, especially in rapid response to business opportunities.
commercial sensitivity of some people from the ears, some commercially sensitive from the eyes, there are some people commercially sensitive from your own legs.
Beijing said that a person is not naive, and would say he did not see eye children, can not see the good and bad meaning. Actually, in the face to keep coming every day in front of the slide business opportunities, there is a discerning few people see the children's?
some business sense is innate, such as Hu Xueyan, more people are relying on the business sense of nurture. If you're determined to make a businessman, you should be like Training dogs feel like the training of their own business. good business sense, is the best guarantee for the success of entrepreneurs.
4, business contacts
not cited a river without water, and plant a forest without trees. each individual business, must have their go by the conditions, but also is its own resources. the quality of how an entrepreneur, take a look at their resources to establish and expand the ability to know.
entrepreneur resources, external resources can be divided into and two kinds of internal resources. internal resources are mainly the ability of individual entrepreneurs, they share information and knowledge and skills of production, which is commonly referred to as tangible and intangible assets, but such tangible and intangible assets belonging to individuals Bale . the entrepreneur's family resources can be seen as part of internal resources entrepreneurs. have a good internal resources, individual entrepreneurs is undoubtedly important, but because most of them not by individual entrepreneurs to obtain, and There is a natural, with natural properties, we focus on in this no.
We hope this discussion is the creation of entrepreneurs external resources. One of the most important point is that the entrepreneurial network of resources that entrepreneurs build their interpersonal network or social networking capabilities. an entrepreneur if you can not in the shortest possible time within the establishment of their most extensive network of people, and that his business will be very difficult, even if its initial can rely on leading-edge technology or their own qualities, such as hard or plan carefully, get some degree of success, we can assert that his career will not do.
entrepreneurs interpersonal resources, according to its importance, is the first student resources. In fact, students have been among the have the obligation to help each other, in the present era, with the purpose of commercial or utilitarian into the school, and there is nothing inappropriate. because the contacts between the students more closely, a better understanding of each other, while there is no conflict of interest because of the young men, Most adults will come together from all over the world, there is a conflict of interest with each other and little, so friendships are generally more reliable, higher purity. For entrepreneurs, it is cherished the most important external resources. and students alike, are comrades in arms; can be compared with the students and the fellow comrades. common human geography background, so that the villagers have a natural sense of intimacy.
second career resources. For entrepreneurs, the most obvious effect most important professional resource. The so-called career resources that entrepreneurs in the business prior to working for others created various resources, including project resources, and interpersonal resources. take full advantage of career resources, career resources, starting from the pioneering, entrepreneurial activity is not consistent with cooked do not do dogma. particularly in the country has not, like the United States or European countries, universal recognition and implementation of trade rules to avoid the case ending, select start from the entrepreneurial career resources, has become a shortcut to success and many people and magic.
The third is a friend of resources. a friend is a general term. classmate is a friend, ally and friend. fellow friends and colleagues as a friend. an entrepreneur, have to pay part of everyday friends, able to talk to, to pay get on, just like eighteen Weaponry, to the time which variable to use it as. friends just like capital, the more the better for entrepreneurs. at home by their parents, go out to rely on friends, and more is a friend of more than one way wisdom. an entrepreneur if you can not make friends, not many friends, certainly die. business experts believe that interpersonal skills should be included in the quality of the first entrepreneurs.
success and must have three non-human
success and quality of what a quality person? inhuman entrepreneurs need three qualities:
1, ambitious.
no ambition, no ambition, ambition and imagination is a form of entrepreneurship basis, with these we can innovation. Schumpeter , enterprise, ambition comes from. ambitious people to take risks, take risks in innovation, ambition is not necessarily greedy.
2, can be frustrating.
frustrating is the action, the light is not ambitious action can not be successful . toss that in the absence of decision-making and program implementation will never be realized. This is the first layer of meaning; second meaning is in the process of implementing changes to respond to changes in the morphology of the Executive.
not implementation, they will not toss; able to perform well, may not be a good toss.
3, no sense of shame.
face and can not simultaneously be in the child. transfusions do not lose money, lose money without blood transfusion. take into account the face may eventually not into all the time, lend a hand to start from the basic work, dealing with people at all levels can get real practical results. a lot of returnees, a former senior government officials and well-educated workers re-start when the successful probability is very low, because then that they too want to face.
to content, not form; to be in the child, it will naturally create the face.
entrepreneur must be thought out errors
recent chat with friends, talking about Why do most home business failure. There are many reasons for business failure, I think the key thing is ideology than the misunderstanding. There are many entrepreneurs in the business at the beginning of consciousness has planted the seeds of failure, that is, sit back and wait thinking is full of opportunistic . This idea led to the result: only know are ambitious, full of pride. but most people go the way are opportunistic, he considered himself a sudden one day it will encounter a wealth of opportunities. so do not know from their own professional and trade off, but every days of blind chaos of the industry series, calling them too boring, no development, I'm going to start But the outcome is often about your To be very familiar in a row. Do not always dream of coming opportunities, but to opportunities created, and some people with a chance of success, but by chance and buy lottery tickets, as very few people win . can seize the chance of people, certainly have done a lot in the necessity of a preparation. who will not hit the head of Apple, think of gravity, there must necessarily have a chance accumulation of inspiration. people who want to start Do not indulge in that the total number of legendary stories, you see the whole struggle through the course of the story, every success is not accidental, but you ignore the inevitable behind.
analysis of opportunism in fact, sit back and wait thinking source is, Where the money series, the industry can make money always felt himself to do well, but often people really see the future of the industry has made pioneering advances, you could be assigned to very much. There are many things that way, when understood was already too late. a lot of people's failure.
that business should do to prepare? I personally think that the business and carry out scientific research as well prepared to step by step. First of all, you have to enter an industry, to fully understand the industry process to control the industry dynamics, so that industry director, an idea, no matter which industry is promising, but the lack of people who have a future. Second, select the right entry point, the importance of this industry and found that the weak part, to be improved and established part, this is your opportunity lies. Again, that is, the accumulation of resources in this industry, such as raw material sources, markets, contacts and so on. Finally, there is not an empty saying, we must strive to do, adhere to the direction, constantly revised. Why do business people
home most of the losers, because most of them are opportunists! the cause is not a long wait, is made up bit by bit; wealth is not a long wait, is the cause of the sweet fruit of the flower!
you must understand the business rules of the game in the
you want to start it? with items you are seeking support for commercial development? Then, you know the risks of overseas investment and domestic venture capital how to choose the project? how entrepreneurial opportunities for mergers and acquisitions ?
few days ago, by the Cultural and Education Section British Consulate-General of the organization, ; returnees President Fan Ruoyu begins with respect. He frankly said: br> If you want to attract foreign investment, foreign venture capital must first understand the trend. These trends are as follows: The requirements of holding or relative holding; tend to invest in larger projects; also want to invest a certain amount of business; asked to be invested enterprises have revenue or profit; investment period tends to growth, expansion and maturity.
for principle.
1. high return. This requires that the selected high growth companies should be at least 10% annual growth rate of more than. For example, the risk of foreign investment will not choose clothing. Therefore, in order to attract overseas venture capital, to selected areas of development.
2. products and services unique. your business have a unique advantage? these advantages embodied in the technology, brand, cost, etc., can keep more of these advantages for a long time to decide whether the investor is also an important factor in investment. For example, the cost advantage, before most of the United States is Thailand's production of bags, and now the United States basically bags manufactured in China, because China's lower cost. This cost advantage can help businesses to attract overseas venture.
3. viable business model and profit model. business model is how to produce goods, how to provide services and market planning, etc.; profit model is how to make money, how the product and services into profits. profitable business model and feasibility of the model, which ultimately is reflected in the execution business.
4. risk investments are putting the word profit. So, in general, venture capital have a competitive choice business, industry leader. Therefore, in order to attract investment, plan to specify the size of their business, planning, development status.
5. team integrity complement each other. The human factor is often considered a business success an important factor. and a man of integrity, honesty is always the first one, how a man is reflected in the work, and reflect on how enterprises. Meanwhile, the complementarity between team members is also a factor in business success. So, who is also valued by venture capital.
at home and venture capital: do not do raw and cooked significantly different overseas venture capital, have industry experience of our own, so we just voted IT industry. it? Lijia Qing said: early days, the entrepreneur must be clean architecture, which can attract investors. just like you rent a house, house to clean, do not let renters come in and then clean up. ambition is a good thing, but first do not rush to see you for a business? your plan feasible? According to some lessons learned over the people, may wish to make a self-assessment.
clear up your business idea? to entrepreneurs, must have a clear idea. If you can not put ideas in simple language to express clearly, that you do not sort out our thinking. think again.
used by others this way? general, those running red-hot The operating method is more than the idea of a special reality and maneuverability. of course, do not rule out the more unique your idea is not thought of other people.
you really know you are engaged in industry? many industries require the use engaged in this industry, because they are all aspects of the industry have to understand the situation. Otherwise, you have to spend a lot of time and experience to understand, investigate and become familiar with.
be fully present? Do you wish to In the next 5 years, 10 years or longer dedicate themselves to the implementation of your plan to go?
network prepared? entrepreneurial process is actually an organization such as suppliers, IT consultants, employees, etc. The process . For this reason, you should have a good service for your network of relationships.
not spur of the moment. to analyze the adequacy of their own competitiveness. not only to give full consideration to a good market, economic capacity, also taking into account family factors. If you consider these areas clear, your odds for big business.
business also depends on the strength of the team
we are talking about business, about how to start, what are suitable for business, entrepreneurship pay attention to what and so on, all with their own stories and experience in the business side in front on the way into the signs erected to guide the entrepreneurs to go on the road, so that they stumble in the small business on the road, I really benefit. With grateful heart, and today I have to and so on, hope the wing.
Business Partnership as a way to lower risk of business has been receiving a lot of people, partnership, business venture in the early days I think there must be a leaders in the business on the road, personal charisma, the vast majority decided to start the successes and failures, this time is particularly leadership people need to navigate, or else before the company will lose in the direction of major issues, will not the backbone. Many well-known enterprises that are so developed, whether Mengniu Niu Gensheng Ye Hao, or that Haier's Zhang, is the man with excellent leadership skills.
However, even if the characters and then scold surprised situation, in some it will also have hands-free move before the time, the team's strength is especially important at this time friends. Unfortunately, some business owners, especially his own and one day the boss came out hard and not care about the team's view, arbitrariness used to the views of the character of the men turned a deaf ears, over time, men will not say anything, even if there is no opinion that simmer in silence. When the boss is no way to solve the problem, this time to go to the bottom view is basically The answer is no, why, because everyone is accustomed to doing things the way you want step by step, they have lost the thoughtful, you have to swallow the bitter fruit of a self.
I see this forum post, said to be a do Maternity business, the company is first-rate technology and quality of clothing, but the market response was very poor. Later, after a marketing survey that the main reason is the new style is not enough, now pregnant women love to dress up, do not like the style for too long maternity dress. But the boss is not necessary that the innovations that the Maternity and practical on the line, just do not listen to the comments below, then start from the other side, the result can be imagined, of course, is not Xiangponaodai also increase sales.
Looking back, We will surprised to learn that such examples abound. business leaders do not attach importance to the views of men, do not attach importance to the team's view, all self-centered, lips like to say, : initiative and collaborative, it is not the simple addition of manpower, in cooperation, the team should be able to do 1 + 1> 2 effect, is what we often call a day reading an article, said The remark impressed me.
In front of reporters, Yan Kai, and count the story of the Pacific for many years. Thoughts of failure, the strict medium and said, br> Yan Kai and very regrettable mistakes, how to manage the team, how to maximize the role of team leader in every enterprise which is considered to be key issues. a member of the team, how to manage, use well, is an enterprise in the fierce competition in the key growth and development, so I think on the most appropriate position, to make all of a mind, > I found a very interesting phenomenon, Li Ka-shing in the business, many people than he was rich, but then those people disappeared, or wealth far came in behind him. Bill. Gates new business, more money than he a lot of people, but later it became the richest man Bill Gates. Why?
because the success of a person, the most important other than just the ability to make money.
like you driving a car on the highway To turn on and the line, both cars can not be turned, but also to maintain the speed, it is very difficult. this time the key is the driver's skill, this technique is beyond the ability to make money.
the ability to make money outside of what exactly is capacity? I summarizes the four.
one, will lower his profile. I found that doing good business people who are good at their low profile more freely. In Chinese culture, is called to others face, is that you have to honor in it. by the Beijing dialect, the money should be like Grandpa, grandson of money to be like.
two values. values are the standards we judge right and wrong. The reason why you do it not do that, why do not do that, that is, values. MBA often talk about competitive differentiation, product differentiation strategy, marketing approach in these areas, almost all to copy. really can not be copied is the value, which is why some people succeed, and some people do not succeed.
the so-called values, that is, with your partner, colleagues, friends relationship, you need to get a scale to measure, to decision-making , and this thing will lead you into a different direction. For example, we see Ma, Ma, do not look at success stories, but should see Ma doing the micro decisions, how to judge the small right and wrong. Jack Ma of Alibaba, when the listing He took only a 5% stake, which is values. but there are some people, 70% of the shares will become their own.
three, perseverance and patience. Why is it important to adhere to? like to do enterprise, after three years if we do, ruin the business, and we may not put us seriously. When we still here 30 years later, when we begin to have some respect; if 300 years later, the company also , we will worship.
therefore, the time is a good thing, the Chinese tradition, did not do things in the way to the fast, most of them teach us to do things to slow in the office. slowly, able to things to do, so called and accurately determine the future. When a person reaches a certain stage of his career, or a business has grown quite well, when actually faced with greater challenges, it is necessary to accurately predict the future time.
my company has been chairman for 17 years, have not done a day manager. I found that not much I can do the work, but it cost God. because I have to dry three things: first, to see where others can not see; second count others Suanbu Qing's account; Third, do other people do not do.
This is actually very difficult. First, you will never see another sight. including the risks and opportunities, a lot we do not know about the future trends, these business leaders need to spend a lot of time. we need a way to see trends, patterns, risks, opportunities, these are important. These things are beyond the ability to make money, to accumulate and study the long-term.
Second, the operator who Suanbu Qing's account. For example, we are looking for a partner, there may be five people standing in front of your door, can give you money, you have land, money, Yang Qian, a dumb money, smart money, you whom? soil characteristics of decision-making fast money, big change, intervention and more; Yangqian slow decision-making, according to the rules, intervene in small, but the management of your place, and never compromise.
to run a business, must have the ability to reckon those Suanbu Qing's account.
Third, do other people do things. For example, the responsibility of corporate citizenship, to disaster relief, to environmental protection, and do all sorts of things. these things managers less willing to do, the chairman to do what they do not do.
these are beyond the ability to make money, only with these, a person's career can be gradually moving towards the ultimate success, companies can long-term development.
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