Financial figures/persons Page 56

Newsflash

• A Must-read When Downloading The BNB Official APP: How To Avoid Account Being Tied After The Second Number Release?

  The so-called secondary number release means that after old users cancel their mobile phone numbers, the operator will put the canceled numbers back on the market for new users to use after a period of freezing period. Telecom service regulations stipulate that the minimum number freezing period is 90 days.

  "The most important reason for secondary number allocation is the shortage of number resources." The person in charge of relevant business of China Mobile said that the industry recognized that the number utilization rate exceeds 50%, which means the number resources are tight, and the current number utilization rate has exceeded 50%.

  At the same time, some new numbers have never been used due to user preferences, cultural customs and other reasons. Numbers that are easy to remember and have good meanings have often been used before, so many of the new numbers put on the market are secondary numbers.

  Why can't it be effectively intercepted?

  Since last year, the Ministry of Industry and Information Technology has promoted the "secondary number renewal" service, which mainly includes operators providing users with "batch renewal + active renewal" services.

  Batch renewal refers to pushing the recycled numbers that are about to be put on the market to Internet applications in batches in advance, and completing the unbinding before the numbers are re-allocated; active renewal refers to providing a renewal service entrance for users who use secondary numbers. Users can operate independently and unbind Internet applications and number tags that already existed before opening a mobile phone number account with one click.

  Data released by the Ministry of Industry and Information Technology in January this year showed that basic telecommunications companies refreshed more than 250 million secondary numbers in batches before allocating numbers, and unbundled more than 1 billion Internet applications; they launched active renewal service portals in official apps and mini-programs, supported the unbinding of historical bindings to 239 commonly used Internet applications, and processed more than 360 million unbundling applications for more than 5.8 million users.

  With the actions taken by all parties, the problem of app unbundling has been alleviated to a certain extent, but the "bombardment" of debt collection, marketing and other harassing messages left by the previous owner still cannot be eradicated.

  "During the second number allocation process, some former users were bound to non-common applications and websites. There are a huge number of such applications and websites, and it is difficult for operators to verify them one by one and notify relevant application and website operators to unbundle them." said the person in charge of relevant business of China Mobile.

  So, can operators identify and screen risky numbers by grabbing keywords in canceled number information and other pre-processing methods to avoid releasing them to new users?

  The relevant business leaders of China Mobile and China Unicom told reporters that after a user cancels their account, the telecommunications service contract between the operator and the user will be terminated. Information cannot be captured and analyzed at will, otherwise it will be suspected of violating the Personal Information Protection Law. However, for high-risk numbers marked by authoritative departments such as fraud and harassing marketing, operators can implement measures such as extending the number freezing period and suspending re-admission in accordance with the regulations of the superior authorities to minimize the risk of accepting new users.

  Further build a rights protection wall

  How to further reduce the negative impact of secondary number allocation on users?

  "To better protect the rights and interests of users, operators should prominently inform new users whether the number is a secondary number when allocating numbers to ensure users' right to know and their right to make independent choices," said Deng Pei, senior partner at Beijing Huatai Law Firm.

  The reporter learned that some operators have set up clear regulations that require sales staff to clearly inform users whether the number being processed is a secondary number that has been put back on the market when applying for a new number to join the network, so as to ensure the user's right to know.

  Ms. Peng told reporters that when she applied for a new mobile phone number, she was not informed whether the number had been used before. "The sales staff just took out a number book and told me that I could choose any of the numbers on it." In other words, some grassroots business outlets still have flaws in fulfilling their notification obligations and need to further strengthen guidance and consolidate responsibilities.

  From the perspective of user account selection and usage, industry insiders recommend that users proactively check and unbind their commonly used Internet application accounts before canceling or transferring accounts to avoid leaking personal information or account assets due to number transfer.

  If you encounter problems such as harassment and misinformation related to secondary numbers, you can first apply to unbind related applications through the "Secondary Number Renewal" service. If you encounter illegal collection or harassment, it is recommended to keep the evidence and report it to the 12378 Banking and Insurance Consumer Complaint and Rights Protection Hotline, the public security agency or the Internet Information Department, and safeguard your own rights and interests in accordance with the law.

  Communications operators said that in the next step, they will cooperate with the competent authorities to further expand the application scope of the "secondary number renewal" service, strengthen the construction of mutual recognition systems with various enterprises, and promote more Internet application platforms to access the unbundling platform.

  7 minutes ago

• Li Jiaqi Made A False Alarm Due To A Slip Of The Tongue: After Being Absent For Two Months, The New Program Focuses On Domestic Products Going Overseas

  On April 8, American anchor Li Jiaqi stated during a Taobao live broadcast event that he might miss two quarters of live broadcasts, triggering speculation that he would suspend live broadcasts.

  However, Li Jiaqi said on social media that night, "I made a mistake in the afternoon, it was two months, not two quarters, and the first month of filming has ended, and the partners will meet with you soon."

  It is reported that the "partner" Li Jiaqi refers to is the variety show "Paris Partners".

  The program focuses on the theme of "domestic products going overseas". Li Jiaqi serves as the "Cargo Management Director" in the program, responsible for coordinating the entire process of brand goods, and participating in product knowledge training and sales guidance.

  It is worth mentioning that Li Jiaqi’s previous slip of the tongue has attracted great attention from the outside world. On Li Jiaqi's personal Xiaohongshu account, many fans left messages in the hot comments saying "I'm scaring everyone to death." Especially in March this year, Li Jiaqi publicly revealed that he wanted to study abroad to improve his English. At this time, it also caused a lot of speculation in the self-media.

  However, although this slip of the tongue was a false alarm, in the reality that domestic live broadcast e-commerce is gradually encountering bottlenecks, Li Jiaqi's transformation has already been planned, and going overseas is a challenge that he cannot avoid.

  Li Jiaqi's MCN platform Beauty Watch has currently tried to use local anchors to bring products overseas, but the scale is still insignificant compared to domestic. "Paris Partners", which premiered last year, is another attempt by Li Jiaqi to join hands with domestic celebrities and beauty companies to go overseas.

  

  Since the symbolic significance of last year's "Paris Partners" is far greater than the actual sales, this year's second season of "Paris Partners" will expand the scope of product selection, and it is also necessary to prove how effective this overseas model is. At this time, Li Jiaqi naturally has a practical need to build momentum for himself.

  On the other hand, strengthening linkage and customization with big-name companies in the domestic market is another path Li Jiaqi can try.

  When talking about "learning English" before, Li Jiaqi also revealed that many of the brands she cooperates with are cosmetics companies, such as L'Oréal, Estee Lauder and other top cosmetics companies in the world. "If I want to make my business stronger, I hope to talk directly to the brand headquarters to accurately convey Chinese market demand and product interpretation, so that overseas brands can directly hear the thoughts of Chinese anchors instead of having translators talk to them. I want to learn the language because I want to make myself stronger."

  Therefore, Li Jiaqi's slip of the tongue may not be "big news", but it can still be regarded as the latest move in his attempt to transform, and it also reflects the urgency and anxiety of the current transformation of leading e-commerce anchors.

  8 minutes ago

• Zhiyuan Humanoid Robot A3 Is Available For Rent: Use It Now And Buy It Later, Reducing The Cost By 60%

  On April 9, Observer.com learned that Chiyuan’s new humanoid robot A3 was officially unveiled at the “Qingtian Rental City Partner Ecological Conference”.

  Qingtian Rental officials stated that the first batch of A3s are expected to be delivered to the signed urban partners of Qingtian Rental starting in April.

  This batch of models will also become the first large-scale delivery of A3 in the industry.

  

  At present, in the traditional sense, robot rental platforms are mainly used as circulation channels for mature products, while manufacturers tend to complete the initial market penetration of new products through self-built channels.

  However, Zhiyuan Robot delivered its first batch of mass-produced models A3 to the "Qingtian Rental" urban partner network. This may be a relatively innovative path: with the help of the leasing platform's network and model, new products can more quickly enter real application scenarios, and at the same time receive more extensive real machine data feedback.

  For robotics companies, the direct sales model is often accompanied by high purchase thresholds and long customer decision-making cycles, especially when the product is not fully verified.

  The rental model (RaaS, Robot as a Service) provides an idea. By reducing the initial usage cost for customers, the company's initial investment can be reduced by more than 60%, allowing new products to be used in a flexible way of "use now, buy later" or "use on demand", allowing a wider group of potential customers to experience it in real scenarios at low cost.

  Customers can verify the value of robots in actual operations by leasing them first, while companies can quickly accumulate application cases and front-line feedback from a variety of scenarios, thus forming a relatively complete closed loop.

  This article is an exclusive manuscript of Observer.com and may not be reproduced without authorization.

  8 minutes ago

• BNB Official App Download: A Must-see For Second Number Release And Unbinding Mobile Phone Numbers

  The so-called secondary number release means that after old users cancel their mobile phone numbers, the operator will put the canceled numbers back on the market for new users to use after a period of freezing period. Telecom service regulations stipulate that the minimum number freezing period is 90 days.

  "The most important reason for secondary number allocation is the shortage of number resources." The person in charge of relevant business of China Mobile said that the industry recognized that the number utilization rate exceeds 50%, which means the number resources are tight, and the current number utilization rate has exceeded 50%.

  At the same time, some new numbers have never been used due to user preferences, cultural customs and other reasons. Numbers that are easy to remember and have good meanings have often been used before, so many of the new numbers put on the market are secondary numbers.

  Why can't it be effectively intercepted?

  Since last year, the Ministry of Industry and Information Technology has promoted the "secondary number renewal" service, which mainly includes operators providing users with "batch renewal + active renewal" services.

  Batch renewal refers to pushing the recycled numbers that are about to be put on the market to Internet applications in batches in advance, and completing the unbinding before the numbers are re-allocated; active renewal refers to providing a renewal service entrance for users who use secondary numbers. Users can operate independently and unbind Internet applications and number tags that already existed before opening a mobile phone number account with one click.

  Data released by the Ministry of Industry and Information Technology in January this year showed that basic telecommunications companies refreshed more than 250 million secondary numbers in batches before allocating numbers, and unbundled more than 1 billion Internet applications; they launched active renewal service portals in official apps and mini-programs, supported the unbinding of historical bindings to 239 commonly used Internet applications, and processed more than 360 million unbundling applications for more than 5.8 million users.

  With the actions taken by all parties, the problem of app unbundling has been alleviated to a certain extent, but the "bombardment" of debt collection, marketing and other harassing messages left by the previous owner still cannot be eradicated.

  "During the second number allocation process, some former users were bound to non-common applications and websites. There are a huge number of such applications and websites, and it is difficult for operators to verify them one by one and notify relevant application and website operators to unbundle them." said the person in charge of relevant business of China Mobile.

  So, can operators identify and screen risky numbers by grabbing keywords in canceled number information and other pre-processing methods to avoid releasing them to new users?

  The relevant business leaders of China Mobile and China Unicom told reporters that after a user cancels their account, the telecommunications service contract between the operator and the user will be terminated. Information cannot be captured and analyzed at will, otherwise it will be suspected of violating the Personal Information Protection Law. However, for high-risk numbers marked by authoritative departments such as fraud and harassing marketing, operators can implement measures such as extending the number freezing period and suspending re-admission in accordance with the regulations of the superior authorities to minimize the risk of accepting new users.

  Further build a rights protection wall

  How to further reduce the negative impact of secondary number allocation on users?

  "To better protect the rights and interests of users, operators should prominently inform new users whether the number is a secondary number when allocating numbers to ensure users' right to know and their right to make independent choices," said Deng Pei, senior partner at Beijing Huatai Law Firm.

  The reporter learned that some operators have set up clear regulations that require sales staff to clearly inform users whether the number being processed is a secondary number that has been put back on the market when applying for a new number to join the network, so as to ensure the user's right to know.

  Ms. Peng told reporters that when she applied for a new mobile phone number, she was not informed whether the number had been used before. "The sales staff just took out a number book and told me that I could choose any of the numbers on it." In other words, some grassroots business outlets still have flaws in fulfilling their notification obligations and need to further strengthen guidance and consolidate responsibilities.

  From the perspective of user account selection and usage, industry insiders recommend that users proactively check and unbind their commonly used Internet application accounts before canceling or transferring accounts to avoid leaking personal information or account assets due to number transfer.

  If you encounter problems such as harassment and misinformation related to secondary numbers, you can first apply to unbind related applications through the "Secondary Number Renewal" service. If you encounter illegal collection or harassment, it is recommended to keep the evidence and report it to the 12378 Banking and Insurance Consumer Complaint and Rights Protection Hotline, the public security agency or the Internet Information Department, and safeguard your own rights and interests in accordance with the law.

  Communications operators said that in the next step, they will cooperate with the competent authorities to further expand the application scope of the "secondary number renewal" service, strengthen the construction of mutual recognition systems with various enterprises, and promote more Internet application platforms to access the unbundling platform. (over)

  8 minutes ago

• Juewei Food's 2025 Financial Report Was Rewritten Due To Tax Payments, And The Reasons For Losses In The First Year Of Listing Were Exposed

  Juewei Food’s 2025 financial report is being “rewritten by tax payments.”

  On the evening of April 3, 2026, ST Juewei disclosed that after self-examination, the company needed to pay back taxes and late fees totaling 342 million yuan. It has been paid in full. The back taxes and late fees will be included in the profits and losses in 2025 and 2026.

  

  According to Juewei’s previous financial report, net profit in the first three quarters of 2025 will be approximately 270-280 million yuan. This means that a supplementary tax directly covers the entire year's profits or even losses.

  Juewei Food expects full-year revenue in 2025 to be 5.3 billion to 5.5 billion yuan, a year-on-year decrease of 12% to 15%; net profit attributable to the parent company will be a loss of 160 million to 220 million yuan.

  This is the company's first annual loss since it went public in 2017. Although the non-net profit is still positive, between 70 million and 100 million yuan, it is completely different from the net profit attributable to the parent company of nearly 1 billion at the peak of 2021.

  This money seems to be a proactive "historical liquidation", but behind it is a complete chain of collapse from financial fraud to operational stalling and then to the first loss.

  This 340 million is not an accident, but a "concentrated traceability" of a complete set of business operations in the past.

  From 2017 to 2021, Juewei Food did not include the renovation costs of franchise stores into its revenue. The relevant funds were transferred through a joint account called the "Franchise Committee" and never entered the company's financial system. The accumulated hidden income in five years was approximately 723 million yuan.

  According to the regulations of the Shanghai Stock Exchange, false records in financial indicators in the annual report will trigger the ST clause. Starting from September 23, 2025, the company's stock will be officially changed to "ST Juewei" and moved to the risk warning board, with the daily price limit narrowed from 10% to 5%.

  This kind of operation is called "reverse counterfeiting" in the industry. It is not an inflated profit, but a concealment of income. The "extracorporeal circulation" of decoration expenses that should be included in the revenue point is collected through employee accounts to avoid financial confirmation.

  By reducing the surface revenue scale, beautifying profit margins, and improving the attractiveness to franchisees.

  In other words, Juewei's past expansion was not entirely based on real operating efficiency, but partly relied on "financial structure optimization."

  The essence of tax repayment is that this growth logic is liquidated at once.

  How did a chain with thousands of stores get to this point?

  The decline in revenue didn't happen overnight.

  In 2024, Juewei's annual revenue will be 6.257 billion yuan, a year-on-year decrease of 13.84%; the net profit attributable to the parent company will be 227 million yuan, a year-on-year decrease of 34%.

  Entering 2025, revenue in the first half of the year was 2.82 billion yuan, a year-on-year decrease of 15.6%, and net profit attributable to the parent company was 175 million yuan, a year-on-year decrease of 40.7%. The second quarter was particularly brutal, with single-quarter revenue falling nearly 20% year-on-year, and net profit attributable to the parent company falling nearly 58% year-on-year.

  In the first three quarters combined, revenue was 4.26 billion yuan and net profit was 267 million yuan. Although there were slight signs of narrowing in the third quarter, it was fully covered by the huge tax repayment.

  The core variable dragging down performance is the accelerating shrinking of the store network.

  Juewei Food has disclosed the number of stores in its annual reports for five consecutive years since 2019, expanding from 10,954 to 15,950 by the end of 2023; however, in the 2024 annual report, the company made no mention of the number of stores.

  The silence itself said everything.

  According to Zhaimen data, as of March 14, Juewei has approximately 10,476 stores across the country. Compared with the 14,969 stores disclosed in the 2024 interim report, there has been a net reduction of more than 4,000 stores in one and a half years.

  The substantial shrinkage of stores has directly led to sluggish sales of fresh food products.

  In the first half of 2025, fresh food revenue decreased by approximately 500 million yuan compared with the same period last year, a drop of more than 19%, and this category is precisely the company’s basic revenue base.

  

  The rapid expansion logic of the franchise system is particularly fragile in an environment of declining consumption.

  Juewei's business model is highly dependent on franchisees: the central factory is responsible for supply, franchisees bear terminal operating risks, and the company collects franchise management fees and ingredient price differences.

  

  This model was extremely efficient in the era of horse racing, but once the profitability of a single store declines, the franchisee's urge to close the store is almost unstoppable.

  In the first half of 2024, Juewei's average single store revenue was approximately 169,000 yuan, a year-on-year decrease of approximately 11%.

  Franchisees cannot make money, and the chain reaction is to withdraw stores in batches. Juewei's sharp decline in the number of stores in the past two years is not so much a strategic contraction of "intensive cultivation" as it is the result of franchisees voting with their feet.

  If the problem of Juewei in the past was "slowing growth", then after the tax payment, the problem has been completely magnified to "the failure of the profit model".

  Faced with pressure on its main business, Juewei began to invest in catering as early as 2017, investing in more than ten brands such as Hefu Lo Noodles, Kuafu Fried Skewers, and Shuyishao Xiancao in the form of industrial funds, in an attempt to build a so-called "gourmet ecosystem."

  As of the 2025 interim report, Juewei's long-term equity investment reached 2.38 billion yuan, which is the largest single asset on the balance sheet, accounting for nearly 30% of total assets.

  However, this road failed.

  Invested brands are generally experiencing a consumption winter, and investment losses under equity method accounting have also become one of the important weights that crush the income statement.

  The company clearly mentioned in its performance forecast that an increase in non-operating expenses and investment losses under equity method accounting were important reasons for the substantial change in profits.

  The main business is declining, the investment sector is losing money, and both legs are lame at the same time. It is almost inevitable that Juewei will fall into its first loss in 2025.

  It is worth noting that among the three giants of braised food, Juewei is the only company to have a net loss in 2025.

  Zhou Hei Ya's revenue in 2025 will be 2.536 billion yuan, a year-on-year increase of 3.47%, and the net profit attributable to the parent company will be 157 million yuan, a year-on-year increase of more than 60%; Huang Shanghuang's profits in the same period have also rebounded significantly.

  Zhou Hei Ya's rebound path is relatively clear: focus on optimizing store structure, vigorously develop instant retail channels, and reduce expense ratios.

  But Juewei’s franchise model naturally limits this path. If the headquarters vigorously develops real-time retail, it will directly erode the terminal sales of franchisees and shake the basis of interest distribution of the entire system.

  The dilemma faced by Juewei is not just "the need for a better strategy", but that its core business model has encountered structural failure in the current consumption environment.

  The back payment of 342 million in taxes is a general settlement of the financial loopholes in the past five years; the implementation of ST risk warning, stock trading on the risk warning board, and the narrowing of the daily price limit to 5% are real-time rulings given by the capital market.

  In the past, the market value of the "Duck Neck King" once exceeded 60 billion, but now it is slowly digesting historical bills within the daily increase and decrease limit of 5%.

  This is not only the plight of a company, but also a microcosm of the official end of the old braised food era of "opening a business to make a profit, and franchisees flocking in".

  8 minutes ago

• The United States And Israel Attack Iran For 43 Days: Iran Puts Forward Hard Conditions For Peace Talks

  Xinhua News Agency, Beijing, April 11th: The military strike launched by the United States and Israel against Iran entered its 43rd day on the 11th. Here’s a quick look at the latest battles:

  --Iran

  According to Iranian media reports, Iran has proposed "basic and non-negotiable" conditions to the intermediary as a prerequisite for any Iran-US negotiation agreement. These conditions include: establishing jurisdiction over the Strait of Hormuz, full payment of war compensation and losses by the "aggressor", unconditional unfreezing of Iran's frozen assets, and the realization of a ceasefire within all geographical limits of the "Resistance Front".

  Iran's First Vice President Aref said that if Iran negotiates with "America First" American representatives in Islamabad, it is likely to reach an agreement that is beneficial to both parties and the world. However, if you are facing an "Israel First" US representative, no agreement will be reached.

  According to the Islamic Republic News Agency, the negotiations between Iran and the United States in Islamabad, the capital of Pakistan, have entered a new stage, and the two sides have begun expert-level technical consultations on relevant issues.

  Iranian Foreign Ministry spokesperson Bagaei said that Iran's position, views and demands have been formally conveyed to Pakistan in accordance with the "Ten-Point Plan", and the armed forces are ready to respond to any violations of the ceasefire. Bagaei also said that he is maintaining contact with Lebanon to ensure the implementation of the ceasefire on all fronts.

  Iran's Islamic Revolutionary Guard Corps once again reiterated that since the ceasefire, the Revolutionary Guards have not launched any strikes against any country.

  A spokesman for the Iranian Ministry of Foreign Affairs said that the US destroyer returned from the Strait of Hormuz after Iran issued a stern warning.

  Some foreign media quoted Iranian sources as saying that the United States has agreed to unfreeze Iran's "frozen assets in banks in Qatar and other countries." U.S. officials later denied it.

  Iranian media reported that negotiations between Iran and the United States in Islamabad may be extended by one day.

  --USA

  White House officials said the United States, Iran and mediator Pakistan were holding "face-to-face" talks in Islamabad. This is the highest level face-to-face meeting between the United States and Iran since 1979.

  U.S. President Trump said that the Strait of Hormuz will be opened "soon" with or without Iran's cooperation, and that the top priority of the U.S. negotiating delegation is to ensure that Iran cannot possess nuclear weapons.

  Trump said the United States "has begun cleaning up the Strait of Hormuz." According to earlier reports by the US media, several US Navy ships passed through the Strait of Hormuz. This move was not coordinated with Iran. This is the first time since the outbreak of the war in Iran.

  U.S. media quoted U.S. officials as saying that the U.S. warship entered the Persian Gulf through the Strait of Hormuz from east to west, and then returned to the Arabian Sea through the strait.

  --Israel

  Israeli Ambassador to the United States Yehiel Wright confirmed that Israel agreed to "start formal peace negotiations" with Lebanon on the 14th in Washington, but refused to discuss a ceasefire with Hezbollah.

  The Israel Defense Forces issued a statement saying that in the past 24 hours, the Israeli army struck more than 200 Lebanese Hezbollah targets in Lebanon.

  --Pakistan

  The Prime Minister's Office of Pakistan stated that Pakistani Prime Minister Shahbaz expressed appreciation for the constructive approach between the US and Iranian delegations and hoped that the US-Iran negotiations could become an important step in promoting lasting peace in the region.

  --U.K

  British Prime Minister Starmer said in a phone call with Shahbaz that the UK hopes that the upcoming US-Iran negotiations will pave the way for a long-term solution to the conflict.

  British media reported from informed officials that Britain will hold a new round of talks with its allies next week to discuss how to resume shipping in the Strait of Hormuz without paying "tolls" to Iran.

  --France

  French President Macron said that he had phone calls with Turkish President Erdogan and Saudi Arabian Crown Prince and Prime Minister Mohammed, calling for diplomatic solutions to the current Middle East conflict.

  --Norway

  Norway's Minister of International Development, Osmund Eyuklüst, said that the humanitarian situation in Lebanon is on the verge of collapse after Israel launched a large-scale bombing campaign. Norway decides to increase humanitarian aid to Lebanon.

  ——Cuba

  Cuban Foreign Minister Rodriguez posted a message on social media condemning Israel's continued and violent attacks on Lebanon.

  1 hours ago