On September 28, 2020, Amic was listed on the GEM with a market value of 40.8 billion yuan. In the following nine months, the stock price soared 4 times. In March 2021, it became the third thousand-yuan stock after Moutai, with a peak market value exceeding 170 billion.
On March 19 (Thursday) local time, the leaders of the 27 EU countries held a summit in Brussels. The initial core issue of the summit was to resolve Hungary's opposition to Ukraine's huge loan. However, the conflict between Iran and Lebanon continued to ferment, and the global oil and gas prices caused by the superimposed war soared, making Middle East-related issues quickly occupy the core of the summit.
Belgian Prime Minister Balte de Wever expressed his views on the energy crisis on the eve of the summit. He said: "Energy prices were already at high levels before the war broke out, and this conflict has ushered in a new round of skyrocketing prices. If this kind of increase becomes the norm, we will be in trouble."
1. The 27 EU countries refuse to be involved in military operations in the Middle East
As a key waterway for global energy transportation, the Strait of Hormuz carries about 20% of the world's oil and liquefied natural gas trade and is also an important channel for European energy imports.
In response to U.S. President Trump's request for the EU to send military forces to help ensure security in the Strait of Hormuz, the leaders of the 27 EU countries are generally critical of Iran, but they are not willing to immediately provide military support to the United States.
European Commission Vice President and EU High Representative for Foreign Affairs and Security Policy Kaya Callas pointed out that leaders of various countries have no intention to expand Europe's naval power in the Red Sea. Whether it is to help ensure the security of the Strait of Hormuz or to be involved in war in other ways, it will be difficult to gain consensus within the EU.
2. Statements from all parties
According to confirmation by the Associated Press and Agence France-Presse, the United Kingdom clearly refused to be dragged into this dispute, while France stated that it would consider it after the war subsided.
Austrian Chancellor Christian Stockel took a tough stance, saying at the meeting: "Europe, including Austria, will never be coerced into joining the military operations of the United States and Israel in the Middle East. Military intervention in the Strait of Hormuz is not within the scope of Austria's considerations."
German Chancellor Friedrich Mertz made it clear that Germany would only consider assisting in maintaining smooth waterways and other related matters after the war is over.
He said: "We will only commit to providing support when the guns have subsided and the weapons have been stockpiled. At that time, we can provide a lot of help, including opening and maintaining the safety of shipping lanes, but we will never take any action while the war continues."
He added that such assistance requires first obtaining international authorization and completing a series of complex processes.
Although Dutch Prime Minister Rob Yetten understood the original intention of the United States and Israel to launch military operations against Iran, he did not express support. Instead, he called on the European Union to increase sanctions on Iran and strengthen support for Iranian opposition groups.
Spanish Prime Minister Pedro Sánchez clearly opposed the war, saying it violated international law.
He said: "We oppose this war because it is illegal. The war not only brings serious disasters to civilians and triggers a flow of refugees, but its economic impact also sweeps the world, especially countries in the global South."
Latvian Prime Minister Evica Silinja revealed that Trump has mentioned that he hopes NATO will support the cleanup of the Strait of Hormuz, but has not yet made a formal request to the EU.
Silenya said if a formal request is received, it will be fully evaluated.
Guest author - Taoist priest
In "Four major precautions in the seventeen different states of the App!" | Collection Level Part 1" (click "Read the original text" at the end of the article to view), we have taken stock of all the states of the App and sorted out the operating procedures and precautions in some common states. Today we will add the remaining states. At the same time, Qimai Research Institute has sorted out the App state corresponding process, so developers can check the actual conditions of their own Apps accordingly.
Because after passing the review, it is divided into "automatic release" and "manual release", for the convenience of presentation, the status of "waiting for agreement", "waiting for Apple release" and other states are concentrated after "passing review" in the flow chart.
Common status operation procedures and precautions
Developer Removed From Sale
The "Removed by Developer" status text generally appears after the App enters the "Available for Sale" stage.
steps involved
1. Cancel the sale status in all regions in the "App Information" area, or click "Remove".
2. Operate the App alone to remove it from the shelves in one or several countries and regions.
Note 1
1. For apps that have been "removed from the shelves" by the developer, the developer can re-list the product at any time.
2. When the App status changes, you will receive the corresponding notification content in the email. The screenshot below is the screenshot content received after being "removed by the developer".
Removed From Sale
The difference between "removed from the shelves" here and "removed from the shelves by developers" is that products "removed from the shelves by developers" can be re-listed at any time during iTC operations, while "removed from the shelves" require re-submission of information for review or communication, and may no longer be allowed to be put on the shelves.
steps involved
1. After the removed product is removed from the shelves, the email address of the account holder to whom the App belongs and the account holder bound to receive App status notifications will receive a notification.
2. The status of the App will be changed to the text "Removed", and the explanation of the reason for being removed and the terms violated will also be pushed in the "iOS Version" - "Solution Center".
Note 2
1. Products that have been removed from the shelves cannot be directly put on the shelves and need to submit a new version for review, and the new version review will encounter a certain delay in review.
2. The account owned by the App after being removed from the shelves may be marked, and there is a certain probability that the account will be banned by Apple.
Rejected (New message from App Review)
The "Rejected" status generally appears after the App enters the "Under Review" status. After Apple's review, it is found that the product experience or functions in the App do not meet the specifications, or the App metadata does not meet the specifications. If the App is rejected through review, "Rejected by the App" is further divided into "Metadata Rejected" or "Binary Folder Rejected".
Note 3
1. The difference between "rejected" and "rejected by the developer" here is that "rejected" is rejected by Apple. If you want to re-enter the review, you must modify the areas where Apple raised questions and meet Apple standards. Only then can you pass the review.
2. "Rejected by the developer" generally means rejection after review or rejection after review. Rejection after review can be resubmitted immediately. Before the problem is pointed out by Apple, it can enter the review status normally and pass the review. If there are problems, it will enter the "rejected" status;
3. Rejection after passing review generally means that the developer is not satisfied with the currently reviewed version, or finds that there are problems with the version, so he can reject this version and resubmit it for review. When the resubmission enters "Waiting for Review" or "Under Review", the developer can also initiate the "Rejected by Developer" operation. If it is rejected by Apple after entering "Under Review", it will enter the "Rejected by Apple" state.
Metadata Rejected
The "Metadata Rejected" status generally appears after the App is submitted for review and enters "Under Review". If the metadata of the App reviewed by Apple does not meet the requirements, the App review will be rejected and the "Metadata Rejected" status will be returned.
Note 4
1. If metadata is rejected, you generally only need to modify the relevant content of the metadata. There is no need to resubmit for review. Just reply to Apple in "iOS Version" - "Solution Center".
2. Corresponding to "Metadata Rejected" is "Binary File Rejected". The latter is generally a significant bug in the App, or content or functions that do not meet the requirements. If the App content is modified and the build version is re-uploaded, you need to re-submit for review after selecting the latest build version. If the build version is not re-uploaded, you can reply to Apple in "iOS Version" - "Solution Center".
3. In recent years, when Apple rejects Apps, they no longer differentiate between "Metadata Rejected" and "Binary File Rejected", but have changed them to "Binary Folder Rejected". Therefore, when encountering the "Rejected" status, you should understand the reason for rejection clearly and correct it before resubmitting or replying to solve the problem.
Developer Rejected
The "Rejected by Developer" status generally appears when the App is submitted for review and enters "Waiting for Review" or "Under Review" before rejecting the currently submitted version for review, or after the App passes review and rejects the currently approved version.
For apps that some developers no longer want to operate, they can select the "Remove App" button at the bottom of the App's "App Information" page.
For "Removed" Apps, there will be a separate category to display the content of the "App". If the App's status is "Available for Sale" or "Removed by Apple" and no new version has been added, and when the App's status is "Removed", "App
The "Information" interface will display the locked status in the content section.
If the App has not been online and is currently in the "Removed" state, the "App Information" interface will not display a content box in the content section.
write at the end
In the App Store Connect backend, in order to allow developers to understand the status of their apps more clearly and intuitively, Apple uses indicators in three colors: red, yellow, and green.
When trading stocks, look at Jin Qilin’s analyst reports, which are authoritative, professional, timely and comprehensive, helping you tap into potential theme opportunities!
On September 28, 2020, Amic was listed on the GEM with a market value of 40.8 billion yuan. In the following nine months, the stock price soared 4 times. In March 2021, it became the third thousand-yuan stock after Moutai, with a peak market value exceeding 170 billion. This company, dubbed "Moutai for Medical Aesthetics", wrote a legend in the capital market during the golden age of medical aesthetics with its ultra-high gross profit margin of 94.85% and net profit margin of 60%.
The core secret of Amic's success lies in the moat built by the registration certificate of Class III medical devices. Its signature product "HiTi", as the first neck wrinkle repair injection in China, has monopolized the market for a long time since it was approved in 2016. Between 2017 and 2020, revenue from solution products soared from 34 million to 447 million, with an average annual compound growth rate of 129%. This "exclusive market + pricing power" model perfectly replicates Moutai's core logic. However, with the continuous emergence of similar competing products, Amic’s high-growth myth is gradually reaching its final chapter.
The myth of high growth is no longer the revenue and net profit growth rate dropped to single digits for the first time
The annual report disclosed on March 19 shows that Amic will achieve operating income of 3.026 billion yuan in 2024, with the year-on-year growth rate plummeting from 47.99% in 2023 to 5.45%; net profit attributable to the parent company is 1.958 billion yuan, with the growth rate slipping from 47.08% to 5.33%. This is the first time since 2016 that the company's annual revenue and net profit growth has dropped to single digits.
What is particularly noteworthy is that in the fourth quarter, the company's single-quarter revenue was 650 million yuan and net profit was 372 million yuan, a year-on-year decrease of 7% and 15.47% respectively, setting a quarterly double decline record for the first time since its listing. Judging from previous quarterly data, Amic’s growth stall has actually been evident for a long time. In the first quarter of 2024, the company's revenue growth rate was 28.24%, and the net profit growth rate was 27.38%; in the second quarter, the company's revenue growth rate was 2.35%, and the net profit growth rate was 8.03%; in the third quarter, the company's revenue growth rate was 1.10%, and the net profit growth rate was 2.13%. In 2024, the growth rate last year showed a trend of declining quarter by quarter.
Judging from the cash flow situation, the company's net cash flow from operating activities in 2024 will be 1.927 billion yuan, a year-on-year decrease of 1.38%, which is the first year-on-year decline in history. The reasons behind this include a significant increase in period expenses and an increase in inventory. In terms of period expenses, the company's sales expenses and R&D expenses in 2024 will be 277 million yuan and 304 million yuan respectively, both reaching record highs. However, from the perspective of results, the marginal effect of sales expenses driving revenue growth is weakening, and the growth rate of sales expenses in 2023 and 2024 is higher than the revenue growth rate.
Research and development expenses have maintained a year-on-year double-digit growth rate in the past three years, but new products have not yet formed large-scale revenue, and it may be difficult to bring substantial benefits in the short term. In terms of inventory, the company's inventory at the end of 2024 was 72.843 million yuan, accounting for an increase of 0.14% to 0.87% of total assets. Among them, the ending inventory of goods was 32.0488 million yuan, a year-on-year increase of about 45%. Display terminal sales have slowed down.
"High Body" cannot reverse its decline by exchanging price for volume. "Wet Day Angel" has weak growth
Judging from the products, as the first neck wrinkle repair product in China, Amic’s “HiTi” was once the company’s “cash cow”. After being launched in 2017, its sales soared from 119,700 units to 5.14 million units in 2023, accounting for more than 70% of revenue at one time. However, the 2024 annual report data disclosed that the annual sales volume of solution injection products with "Hi Body" as the core was 6.3463 million units, a year-on-year increase of 24.44%, but the revenue only increased by 4.4% to 1.744 billion yuan.
The converted average ex-factory price dropped to 275 yuan/piece from 325 yuan/piece in 2023, a decrease of 15.4%. During the same period, inventory increased significantly by 91.40%. It can be seen that since Huaxi Biotechnology’s neck wrinkle repair product “Runzhi·Gege” was approved in July 2024, the market competition landscape has been facing reshaping, and Amic’s price-for-volume strategy has had very limited results.
Judging from the revenue structure of Amic, in 2024, the company's solution injection products with "High Body" as the core and gel injection products with "Moisturizing Angel" as the core will achieve revenue of 1.743 billion yuan and 1.216 billion yuan respectively, accounting for 57.64% and 40.18% of total revenue respectively, which are the company's pillar businesses.
Among them, "Moistening Angel" (cross-linked sodium hyaluronate gel containing L-lactic acid-ethylene glycol copolymer microspheres) obtained the Class III medical device registration certificate in June 2021. In the following years, product revenue showed a rapid growth trend and is regarded as the company's second growth curve. However, "Soaking Angel" also experienced sluggish growth in 2024. The sales volume of gel injection products in 2024 was only 893,600 units, a year-on-year decrease of 11.24%, and the revenue growth rate also plummeted from 81.43% in 2023 to 5.01%.
From an industry perspective, the pressure on Amic's two core products is a concentrated reflection of the increasing market competition, slowing industry expansion, and tightening supervision. Hyaluronic acid was once the "golden track" of the medical aesthetics industry, but now it has fallen into serious involution. As of 2024, more than 50 hyaluronic acid Class III medical device certificates have been approved domestically, and there are more than 400 circulating brands. This has also led to an increase in the choice of medical aesthetics institutions, and the bargaining power of upstream manufacturers has continued to weaken.
From the perspective of industry growth, a review of the medical aesthetics industry in 2024 shows that affected by the macro environment, the overall growth rate of the industry has slowed down significantly. According to estimates by Allergan and Deloitte, the overall growth rate of the medical aesthetics market in 2024 is about 10%. Although it still maintains double-digit growth, it has dropped significantly compared with the 20% growth rate in 2023. At the regulatory level, in 2024, the State Food and Drug Administration will strengthen the approval of the "Three Device Certificates" to crack down on illegal medical beauty institutions, and the pressure on upstream manufacturers to rectify channels will increase significantly.
The plight of Aimeike is essentially the epitome of the medical beauty industry entering its mature stage from the outbreak period. As the medical beauty industry enters the second half of its journey, the era of "making money while lying down" will be gone forever. At present, about 98% of Amic's revenue still relies on hyaluronic acid products. Among the 10 products under development mentioned in the annual report, only Bonida 2.0 for chin filling will be approved at the end of 2024. However, this product is essentially an expansion of the indications of existing products and is not a revolutionary innovation.
Among the company's reserve products, botulinum toxin, collagen and other products are facing fierce competition, making it difficult to cultivate popular varieties similar to "High Body". It is still doubtful whether the acquisition of 85% equity of South Korea's REGEN company at a high premium of 1.386 billion can open a new growth curve. Under the new market competition landscape, Amic still faces many challenges if it wants to maintain its leading position in the industry.
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Nowadays, moving logistics has become a very rare thing, and in order to facilitate disassembly and assembly, modular furniture has also appeared. Many people are confused about what are the advantages of modular furniture, and what are the effects of disassembly and assembly of modular furniture that we need to pay special attention to. Here, we are here to answer our questions and see what the advantages are and how we should operate them. What are the advantages of modular furniture? 1. It can make full use of wood. A few of them use natural boards as the main raw materials. They will be formed through professional processing in the early stage. It can not only reduce the waste of wood, but also improve its quality to a great extent. The utilization rate is very high, and for us, the use of modular furniture is relatively convenient for disassembly and assembly. It is not only convenient for our early transportation, but also very convenient in the later installation. This is why so many people choose modular furniture. 2. For ordinary solid wood furniture, it is easily affected by temperature and humidity, and may easily deform. However, for modular furniture, it breaks through the original physical structure.
, is almost not affected by temperature and humidity, and its quality is relatively stable. Even if we disassemble and assemble it in the early stage, it will not affect our later use. Precautions for disassembly and assembly of modular furniture 1. Before installing modular furniture, we need to inspect each component, and there is a special detailed list in the invoice. After the inspection is completed, we can prepare the tools we need to use. After we assemble the parts It is best not to confuse the parts later. If there are many parts, we need to store them specially. If we need to disassemble and assemble the furniture in the early stage, we also need to pay special attention to these problems. Many of the parts need to be properly stored. 2. When we disassemble and assemble furniture, we must ensure that every task is in place. If there are maintenance problems, we need to carry out special repair work. Only in this way can we ensure the success of disassembly and assembly of combined furniture. If we do not handle it in time, even if we install it in the early stage, there will be instability or tilting, etc., which will not only affect our use, but also the beauty will be greatly reduced. In fact, it is quite complicated to disassemble and assemble modular furniture. We only need to prepare all the required tools and follow a certain method.
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56 countries have joined forces to hunt Russia in the dark. This is not alarmist talk, but the cruel truth revealed by the former Russian Defense Minister and current Security Council Secretary Shoigu himself.
On March 17, Shoigu dropped a bombshell to the world at the security conference in Yekaterinburg. He made it clear that Russia was facing an "undeclared war." A total of 56 countries formed a huge and secret destruction system. They used the long-term experience of special forces in infiltration, sabotage and terrorist attacks to target Russia's core interests and critical infrastructure.
How brutal was this invisible "shadow war"? The data revealed by Shoigu is spine-chilling: attacks on Russian facilities quadrupled in 2025, reaching 23,000! He made it clear that Ukraine's intelligence network is the biggest driver of the instability. Not only do they rely on remote information warfare to carry out ideological brainwashing, they even engage in extremely despicable "fraud schemes."
Ukrainian agents will first use online fraud to empty the wallets of vulnerable Russian groups. When these people are desperate, they will throw out the bait: as long as you do things for Kiev and cause sabotage, the money will be returned to you. What’s even more cruel is that this is often a one-way ticket. Russia's Federal Security Service has confirmed that Ukrainian operators often secretly design "suicide" missions. Once the sabotage operation is successful, the person who performed the task will also be silenced, leaving no evidence.
It's hard to defend internally, and there are overt and covert attacks on the outside. As the Ukrainian army frantically increases its attacks with long-range weapons, especially the increasingly complex and bizarre deployment of drone swarms, the air defense network is being stretched to its limits. Shoigu even admitted that even the Ural Heavy Industrial Zone is no longer safe. This is almost a declaration that there is no absolute rear in Russia.
Coupled with the ongoing undercurrent of conflicts in the Middle East, Moscow's security barrier is facing unprecedented multi-line high pressure. Shoigu has sounded the highest level of alarm internally: any slightest underestimate of the threat, any slightest laxity in defense may lead to an irreversible tragedy. The battlefield outside the smoke of gunfire is often more deadly than the front line. Facing this intelligence network jointly created by 56 countries, can Russia still be able to defend itself?
In the field of gold investment, short-term operations seem to be full of opportunities, but many investors are trapped in back-and-forth losses. To dissect the causes of this phenomenon and find improvement strategies requires in-depth analysis from multiple aspects.
First, analyze the reasons for the loss.
Lack of a clear trading plan is one of the common problems. When many investors conduct short-term gold speculation, they do not set entry points, exit points, stop loss and take profit positions in advance, and only conduct transactions based on intuition or temporary decisions. This results in excessive randomness in transactions and difficult to control risks.
Inaccurate judgment of market trends is also an important factor. The gold market is affected by many factors, such as the global economic situation, political situation, monetary policy, etc. If investors cannot accurately grasp the impact of these factors on market trends, they will easily make wrong trading decisions.
An unstable mentality can also cause losses. In short-term trading, prices fluctuate frequently. If investors cannot stay calm, they are easily swayed by the short-term fluctuations of the market. As a result, they trade frequently or are unwilling to stop losses when they are losing money, and take profits too early when they are making profits.
Next, look at how you can improve by adjusting your strategy.
It is crucial to have a detailed trading plan. Clarify the time period of the transaction, entry and exit conditions, stop loss and take profit levels, etc. in the plan. For example, set a profit stop when the price of gold rises by 5% and a stop loss when the price falls by 3%.
Strengthen research and analysis of market trends. Pay attention to important information such as global economic data and central bank policies, and learn to use technical analysis tools, such as moving averages, Bollinger Bands, etc., to improve your ability to judge market trends.
Pay attention to the adjustment of mentality. During the trading process, maintain a peaceful mind, strictly follow the trading plan, and do not be influenced by emotions.
Let’s use the table to compare the strategies before and after the adjustment:
Before adjustment After adjustment
trading plan
No clear plan, random transactions
Set entry, exit, stop loss, and take profit conditions in detail
Trend judgment
Based on feeling, lack of systematic analysis
Accurate judgment based on economic data and technical analysis tools
Mentality control
Easily swayed by emotions
Stay calm and stick to the plan
In short, to solve the problem of short-term losses in gold speculation, investors need to deeply reflect on their own trading behavior, identify the problem, and improve it through reasonable strategic adjustments. Only in this way can profits be gradually realized in short-term gold trading.
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