Since March 2021, the influenza activity in southern and northern provinces has been higher than that in the same period in 2020, and since September, the level of influenza activity in southern provinces has shown an obvious upward trend. The risk of overlapping epidemic of COVID-19 epidemic and influenza and other respiratory infectious diseases still exists this winter and next spring. Recently, it coincided with a large-scale cooling in China, and the flu vaccine quickly "warmed up". However, how to choose a flu vaccine that suits you?

I. Types of domestic influenza vaccines

At present, there are trivalent inactivated influenza vaccine (IIV3), tetravalent inactivated influenza vaccine (IIV4) and trivalent live attenuated vaccine (LAIV3) approved for marketing in China.

Among them, trivalent influenza vaccine is suitable for children and adults over 6 months, which can prevent influenza caused by two influenza A viruses (H1N1, H3N2) and one influenza B virus (Victoria).

Four-valent influenza vaccine has more protection against one type of influenza B virus (Yamagata) than three-valent influenza vaccine, but the current four-valent influenza vaccine in China needs to be over 3 years old to be vaccinated.

Second, the way of influenza vaccine administration

At present, there are two ways to administer influenza vaccine in China, one is traditional injection and the other is nasal spray.

Among them, the nasal spray method is unique to the nasal spray influenza vaccine, which was only listed in China in August 2020, but it is not the first in China. It has existed abroad for a long time (the United States and the European Union approved the use of nasal spray influenza vaccine in 2003 and 2012, and both of them are tetravalent), but the market share has not been high. This vaccination method can effectively avoid puncture and "needle fainting" caused by injection, but as for whether it can really make children not afraid of getting flu vaccine, it seems that it is not. Although it doesn’t seem to hurt, the nasal mucosa is also very sensitive, and the way of "nasal spray" is not necessarily more comfortable than intramuscular injection. It is difficult for children to ensure the accuracy of vaccination dose, and the technical operation requirements for vaccinators are relatively high.

Third, the safety of influenza vaccine

Influenza-like vaccines are all split or subunit, that is, inactivated vaccines. After years of practice, the safety of all kinds of inactivated vaccines is relatively high. Its contraindications are limited to allergies to vaccine ingredients, and there is no restriction on egg allergies. Even during pregnancy and some elderly people with basic diseases are recommended to be vaccinated.

Then let’s take a look at the new nasal spray influenza vaccine: this vaccine simulates the process of natural influenza infection. After the vaccine is atomized, it enters the body through the nasal cavity, and the first barrier is mucosal immunity, and then cellular immunity and humoral immunity are generated by activating lymphocytes. However, this means that the nasal spray vaccine must be an attenuated live vaccine. From the point of view of safety, attenuated live vaccine may expel vaccine virus strains after inoculation, and occasionally it is reported that the live virus discharged from the vaccinator is transmitted to the uninoculated. Therefore, it is not recommended to vaccinate children with severe immunocompromised patients with nasal spray influenza vaccine.

Relatively speaking, the live attenuated vaccine has more contraindications (rhinitis, asthma, immune problems, etc.), and the range of people who can be vaccinated is narrower. The vaccination age range of this vaccine is 3-17 years old, which directly avoids children under 3 years old and the elderly who may have basic diseases. Pregnancy is also a contraindication. Even people who have used anti-influenza drugs such as oseltamivir and zanamivir (or traditional Chinese medicine with antiviral components) 48 hours before vaccination are not recommended to be vaccinated with this nasal spray vaccine.

Some foreign researchers have summarized the cases of influenza still diagnosed after receiving nasal spray vaccine or attenuated live vaccine or inactivated vaccine for injection. Among 17,173 patients aged 2-17, 4,579 received inactivated vaccine by injection, 1,979 received nasal spray vaccine or live attenuated vaccine, and 10,615 were not vaccinated. It was found that the effectiveness of inactivated vaccine for injection against influenza A (H1N1) was 67%, and the effectiveness of nasal spray vaccine or attenuated live vaccine was 20%. Compared with the recipients of inactivated vaccine by injection, the probability of infection with influenza A (H1N1) is significantly higher among those vaccinated with nasal spray vaccine or live attenuated vaccine.

Fourth, the effectiveness of influenza vaccine

As far as the effectiveness of protection scope is concerned, the tetravalent influenza vaccine containing four influenza virus strains (two types A and two types B) is better than the trivalent influenza vaccine containing three influenza virus strains (two types A and one type B).

Based on five studies from 2013 to 2016, the effect of nasal spray vaccine or live attenuated vaccine on influenza A (H1N1) is lower than that of inactivated vaccine by injection in all children’s age groups. Therefore, the American ACIP (Advisory Committee on Immunization Practice) did not recommend nasal spray influenza vaccine in 2016-2017 and 2017-2018.

A meta-study published online in Pediatrics in January 2019, entitled "Live Attenuated and In Activated Influenza Vaccination Effectiveness", recorded the reasons (and reviewed Meta) why AAP and CDC did not recommend nasal influenza vaccine in 2016-17 and 2017-18.

Please see the figure below for a detailed comparison list.

(Click to view larger image)

Finally, to sum up:Under the age of 3, there is no choice but to get trivalent flu vaccine. Above 3 years old, tetravalent vaccine is definitely the first choice in terms of protection effect. However, the price of trivalent vaccine is half cheaper than that of tetravalent vaccine (50 yuan VS110 yuan). If the money is not bad, then choose tetravalent vaccine. As for the nasal spray vaccine, if you are over 3 years old and under 17 years old, you happen to be "dizzy" or have extreme fear of injection, then it is much better to vaccinate the nasal spray vaccine than to do nothing.

　References:

1.Chung JR, Flannery B, Ambrose CS, Bégué RE, Caspard H, DeMarcus L, Fowlkes AL, Kersellius G, Steffens A, Fry AM; Influenza Clinical Investigation for Children Study Team; Influenza Incidence Surveillance Project; US Influenza Vaccine Effectiveness Network. Live Attenuated and Inactivated Influenza Vaccine Effectiveness. Pediatrics. 2019 Feb; 143(2):e20182094. doi: 10.1542/peds.2018-2094. Epub 2019 Jan 7. PMID: 30617239; PMCID: PMC6361354.

2. Yang Penghui, Yang Lufang. Study on immune defense mechanism of respiratory mucosal infection of influenza virus. International Journal of Immunology, 2006,72(5):294-298.

3. Technical Guide for Influenza Vaccination in China (2020-2021)

4.https://www.cdc.gov/flu/prevent/nasalspray.htm

5 Changchun 100 grams of biological nasal spray attenuated trivalent influenza vaccine instructions

1905 movie network news The Spring Festival animated film will be officially released on the first day of the Year of the Tiger. On January 4th, the film released a special video of "Tiger Tiger Born Wind" to reveal the film creation process.

　

"The Great Hero of Xiaohudun" tells the story of Xiaohudun’s adventurous growth in pursuit of the dream of an escort in his heart. The newly released special video "Tiger" is full of flavor, and Xiao Hudun, wearing a tiger’s head hat, expounds the creative process. Although the main creative team of the film is not necessarily the best in the industry in terms of number of people and equipment, its attitude of cultivating animation talents in China and creating fine animation in China is firm.

In addition, exaggerated brainwashing explanations such as "A masterpiece was produced only in one hundred million years" are full of joy and magic, and Xiaohudun also made a fuss at the end of the video, saying "I don’t want to bite you", which makes people smile, and it is more like making a promise of "watching the Tiger Pier in the Year of the Tiger".

　

The creative team behind "Little Tiger Pier Hero" is determined to create an original national IP and make China’s animated image famous in the world. Little Tiger Pier, which is popular in short videos, comics, theme parks, derivatives and movies, is one of the representatives.

It is reported that when the main creator created the image of the Tiger Pier, he closely followed the words "Meng, Meng, Meng and Meng". "Meng" refers to Xiao Hudun’s personality is a bit stupid, and occasionally he will do ridiculous stupid things. "Meng" means cute and super cute. "Fierce" means that Xiaohudun is brave and courageous, with a fearless momentum. "Dream" is his dream of becoming an escort and returning his parents as soon as possible. Nowadays, Xiaohudun, which has tens of millions of fans on the whole network, is about to make its debut on the big screen. I believe that the cute image of Xiaohudun will be more and more deeply rooted in people’s hearts when the Year of the Tiger comes, adding a little joy and celebration to the Spring Festival.

　　CCTV News recently reported on the safety investigation of self-heating hot pot.

　　You don’t need fire or electricity, just add a bottle of water, and you can enjoy the hot pot … … Nowadays, the so-called "lazy people cook their own hot pot" has quietly become popular, and some brands have also introduced self-heating foods such as rice, noodles and vermicelli. However, in the investigation, the reporter found that although the self-heating convenient hot pot is delicious and fast, there are certain safety hazards. The heating package of self-heating food is flammable and explosive, so consumers should be very careful when using it, and it is not allowed to take it by train or plane.

　　What is a self-heating hotpot?

　　Self-heating hot pot does not need fire or plug in electricity, and it is mainly composed of ingredients, an ingredient pot, a pot cover, an outer pot and a heating bag. The heating principle is to use the substance in the heating bag to contact with water to release heat, so that the temperature of the food in the upper food pot increases after absorbing heat. Besides self-heating chafing dish, it is also called micro chafing dish, clear boiled chafing dish and self-cooking chafing dish.

　　This product, which first appeared in Wechat business’s circle of friends, attracted more and more catering and food companies to join. From making hot pot bottom materials to chain hot pot restaurants, many companies have started self-heating small hot pot business. Even a good shop that makes snacks sells self-heating hot pot in its own Tmall flagship store. Now go to e-commerce platforms such as Tmall and JD.COM to search for "self-heating hot pot", and at least nearly 30 brands will appear.

　　Eat a hot pot and call the police!

　　However, there is no small safety risk in this convenient hot food. The reporter noticed that there are many reports on the Internet that the alarm will give an alarm when the self-heating hot pot is used, and consumers have sent the video that triggered the continuous alarm of the gas alarm when using the self-heating hot pot to the short video platform.

　　Consumer Xiao Chen has been afraid to eat self-heating hot pot at home since it caused the gas alarm to call the police. According to reports, she was operating in the kitchen according to the instructions. After the lid began to steam, she planned to go back to the house for a while, but before she left the kitchen, the gas alarm suddenly rang.

　　"At that time, I was shocked. I was afraid of gas leakage and specially called the gas company. The other party said that the gas did not leak after the door-to-door inspection." The inspectors said that it may be caused by the self-heating chafing dish, because the gas alarm will only give an alarm when it detects that carbon monoxide exceeds the standard, which may be caused by the gas released when the self-heating chafing dish is heated.

　　In addition, consumer Xiao Li told reporters that once he ate self-heating rice on the glass coffee table at home, the vent hole on the lid of the box just burst, and he heard a bang, and the corner of the glass coffee table burst, causing the rice to spill all over the floor.

　　The reporter bought a box of self-heating hot pot at random. After unpacking, first put the hot pot bottom and all the ingredients into the lunch box and add cold water. Then tear off the outer bag of the heating package and put it in the bottom box, and add cold water without heating the package. Place the food box on the heating bag, open the vent hole on the closed cover and cover the hot pot tightly. After a few seconds, steam will be ejected from the vent hole. After a few minutes, the sound of boiling water will be heard in the box, and the box will expand and deform when heated, and the high temperature can be felt near the lunch box. After more than 10 minutes, the box gave out a bang, and then the gas alarm at the reporter’s home rang. Turn off the gas alarm and wait for a few minutes, open the airtight cover, and high-temperature steam will blow on my face. In the process of eating, the self-heating hot pot has always maintained a high temperature. After eating for an hour, the outside of the lunch box still feels hot.

　　The manufacturer said this.

　　Why does the alarm continue to alarm?

　　So, what is the reason that causes the gas alarm to alarm continuously? The reporter dialed the telephone number of the manufacturer of the heating package. "When the heating package heats up, it will produce a small amount of hydrogen, because hydrogen will cause the smoke sensor to alarm." The person in charge of a heating package manufacturer said. Hydrogen is a combustible and reducing gas. Pure hydrogen burns quietly in the air, while impure hydrogen may explode when it burns.

　　Is it dangerous to generate hydrogen in the heating package?

　　However, in view of the hydrogen generated during the reaction of the heating package, the personnel of the manufacturer claimed to the reporter that "there is absolutely no safety hazard".

　　The person in charge of a heating package manufacturer told the reporter: "It doesn’t matter. If that thing is dangerous, it can’t be so hot in the market. Don’t think it’s so dangerous, it’s not so dangerous, and big companies are doing it."

　　safety test

　　1 In a confined space, the heating package has the risk of deflagration.

　　The manufacturer of the heating package said that there was absolutely no potential safety hazard. However, reports about the alarm of the self-heating food appeared from time to time. Then, is there a safety hazard after the heating package reacts with water?

　　Not long ago, the Shanghai Consumer Protection Committee informed about the testing of 20 self-heating instant hot pot products. The test items include the inspection of appearance and packaging label, the surface temperature of the pot, the gas released by the heating package when it meets water, the secondary water addition reaction of the heating package, the composition and content of the heating package and other indicators. The test results show that all the tested heating packages belong to "substances or mixtures that emit flammable gases when in contact with water".

　　Shang Zhaocong, executive deputy director of the National Chemical Product Safety Quality Inspection Center, told the reporter: "We have done a lot of experiments, and basically each heating package can generate about 40 liters of hydrogen. The combustion limit of hydrogen in air is 4% to 75.6%. Of course, there are other closed or semi-closed conditions, such as inside the car, which will have similar risks. "

　　You should also be careful when eating hot pot together on the tourist bus.

　　Not only the self-heating food may bring the risk of deflagration when it is used in a closed space, but also it has great safety hazards when it is used intensively in some public places.

　　Xiao Qiuping, assistant director of the National Chemical Products Safety Quality Inspection Center, said: "For example, many tourists don’t know that hydrogen will be generated during the driving of tourist buses and long-distance buses. The large-scale use of self-heating hot pot may lead to the accumulation of hydrogen in vehicles, especially in summer, when the air conditioner is turned on, and the whole compartment is in a closed environment. In this case, if the lower explosion limit concentration is reached and a little fire source is encountered, a lighter is not needed.

　　3 After using the discarded heating package, there are still potential safety hazards.

　　Experts also told reporters that not only the self-heating products may bring the risk of deflagration after reaching the deflagration limit value of hydrogen in the use process, but also there are safety hazards after using the discarded heating packages.

　　In this experiment, the Shanghai Consumer Protection Committee also submerged 20 sample heating packages in water again. The results show that there are 14 samples of heating packs with different degrees of continuous deflation. The reaction duration is more than 3 minutes, and the longest is 8 minutes.

　　If such a heating package is discarded and meets water in a closed space such as a garbage can, and a little fire source is added, it may burn.

　　Safety warning to be standardized, safety standards to be issued.

　　In terms of product standards, there are currently no national and industrial standards related to self-heating instant hot pot products and heating packages in China. In fact, this unpredictable but possible security risk needs to be clearly reminded before users use it. However, the reporter found that at present, no self-heating product on the market has made a clear warning against these problems.

　　Cai En, director of the Consumer Guidance Department of the Shanghai Consumer Rights Protection Committee, said: "The manufacturer of heating packs should first make further tests and analysis on the components and related proportions of its heating packs, including the weight, to ensure that this heating pack can fully respond and ensure the safety of consumers when using it."

　　In this test, 18 samples of heating packages were marked with main components and corresponding enterprise standard codes. According to the marked main components, it can be divided into two groups: group ⅰ is calcium oxide, aluminum particles and sodium bicarbonate; Group II is calcium oxide, aluminum powder, sodium carbonate and sodium hydroxide. The heating packages of the other two self-heating instant hot pot samples were not marked with ingredients and enterprise standard codes.

　　According to the Catalogue of Hazardous Chemicals (2015 Edition) issued by state administration of work safety and other ten ministries and commissions, "aluminum powder" belongs to hazardous chemicals. In the list of dangerous goods in the United Nations Model Regulations on the Transport of Dangerous Goods, "uncoated" aluminum powder belongs to the listed 4.3 substances that release flammable gases when meeting water; Sodium hydroxide belongs to the listed class 8 corrosive products. When transported by air, calcium oxide belongs to the eighth corrosion product listed in the list. The heating package belongs to the substances listed in the list that release flammable gas when it meets water.

　　According to the classification standard of the United Nations "Recommendations on the Transport of Dangerous Goods Model Regulations", the self-heating instant chafing dish products are dangerous goods in transportation, because of the danger of releasing flammable gas when encountering water.

　　Therefore, China’s civil aviation system has completely banned the carrying of self-heating products on the plane. The regulations on railway safety management issued by Guangxi also clearly stipulate that it is forbidden to use self-heating food on bullet trains.

　　Use reminder

　　Shanghai Consumer Protection Committee reminds consumers:

　　● Read the instructions of the product before use, and operate in strict accordance with the prompts, especially not in closed and narrow environments such as cars, avoiding naked flames, and minors can use it under the guidance of adults.

　　● When using, please pay attention to placing the product on the anti-scalding table, and avoid touching the outer pot to avoid scalding.

　　● After use, the instant chafing dish garbage should avoid massive accumulation or direct contact with water, and be classified according to the regulations of Shanghai Municipal Domestic Waste Management, and the used heating package should be classified and disposed according to harmful waste.

　　Self-heating food raw materials have the problem of nutrient loss.

　　Chen Rong, president of the Nutritionist Association of Heilongjiang Province and a national first-class nutritionist, said that the nutritional value of vegetable raw materials in self-heated food could not be compared with that of fresh vegetables.

　　Comprehensive CCTV, interface news, life newspaper, etc.

Early Indian films:

"Caravan" warms a generation in China. The episode of "Wanderer" is widely sung.　

　 　 Indian films have a long history with China audiences. In 1955, The Wanderer directed by Raj Kapoor was translated by changchun film studio and premiered in China, becoming the first film to introduce China. The film was re-released in China in 1978 and swept the country. The episodes "Song of Raz" and "Song of Rita" were widely sung. Since the reform and opening up, a large number of Indian song and dance love movies such as Caravan, Nuli and Cinnabar Love have entered China, especially Caravan, which has a far-reaching influence. aruna irani’s dance and Lata’s singing have warmed the hearts of a generation. After entering the new century, Hollywood movies are coming on a large scale, and Indian movies, together with movies from other countries, are gradually pushed to the edge, which leads to the China audience’s impression of it not being updated in time. All this will be improved with the signing of the China-India film cooperation agreement in 2014.

　 　　At the beginning of its birth, Indian films were dominated by myths and ancient themes, such as King Harish Chandra, Salandri and Light of Asia. In 1931, India’s first sound film "Aram Allah" appeared, interspersed with 10 songs and several dance scenes, which was a great success, and then set off a wave of musical production. Because Indians have a special liking for song and dance performances since ancient times (classical Sanskrit dramas and various folk dramas carry a large number of song and dance performances), and singing and dancing are also a part of their daily life, song and dance passages have since become an indispensable element of Indian films, and the films with wide influence include Wanderer, Caravan, Warm and Warm People, Bollywood Love for Life and Death and so on.

　 　　Nevertheless, there are still many different kinds of films in the history of Indian film. In 1930s, Indian filmmakers studied western artistic techniques and made many films to explore social problems. After the victory of World War II, films such as Doctor Kodi Hua by Sendaram and Son of the Earth by K·A· Abbas represented the rise of Indian national films. In the 1950s and 1960s, satya Kit Rey, BimalRoy and others started the Indian "New Film" movement, focusing on subjects closely related to the people, and won international prizes one after another. This tradition was inherited by "neo-realism" and "social school" writers and lasted until the 1980s and 1990s. Later, historical films and action films with high entertainment value, such as Ashoka and Terrorists, caused great waves in India.

　 　 We often refer to Indian movies as Bollywood movies, but this is not an accurate name. The word "Bollywood" is a combination of "Hollywood" and the first letter of Mumbai’s old English name "Bombay". At first, it refers to the film production base in Mumbai, while "Bollywood film" refers to Hindi films produced here. Indian film industry is composed of Hindi films, Tamil films, Bengali films and other production bases. After the rise in the 1920s and 1930s, the short-lived crisis during World War II, the post-war prosperity, the depression in the 1980s and the resurgence in the 1990s, it has exerted great influence on the culture of the Middle East, Africa, Southeast Asia and even the whole world.

Successful listing does not mean that you can sit back and relax. How to make the brand develop for a long time after listing is the beginning of the test.

This article was originally published by Hongcan.com (ID: hongcan18), by Jian Yuhao; Editor: Jing Xue.

On April 23rd, Chabaidao (2555.HK) was officially listed on the main board of the Hong Kong Stock Exchange. However, the performance on the first day of listing was not ideal. On the morning of 23rd, Chabaidao opened at HK$ 15.74 per share, which was lower than the issue price of HK$ 17.5. At the close, Chabaidao recorded HK$ 12.80 per share, with a market value of only HK$ 18.914 billion. In intraday trading, the share price of Chabaidao once fell to HK$ 10.80/share.

Time goes back to a week ago. On April 15, the first day of the public offering of Chabaidao, it attracted attention because the public offering did not achieve full subscription. In addition, at that time, Chabaidao did not introduce cornerstone investors. Many investors have said that if a company with a valuation of tens of billions does not introduce cornerstone investors, it may mean that the valuation of this enterprise is too expensive, or institutional investors are not optimistic about the future profit prospects of the enterprise.　

Although it was successfully listed, there are different opinions in the industry about "the second share of new tea". On the one hand, the successful listing is a milestone achievement for Chabaidao. However, in the eyes of some people in the industry, listing is not once and for all. In the increasingly competitive new tea circuit, there are still many uncertainties in the future development of Chabaidao.　

After 01.80, the couple sold milk tea with a net worth of over 14 billion.

According to public reports, the founder of Chabaidao, Wang Xiaolong, and his wife, Liu Yuhong, were both born in the 1980s. Wang Xiaolong was a senior tea artist and his wife was a tea lover. Because they have accumulated rich tea knowledge and practical experience in their past work and life, they started the entrepreneurial experience of a tea shop.　

In 2008, near Wenjiang No.2 Middle School in Chengdu, Sichuan, the first Chabaidao opened. This store, which is less than 20 square meters, is mainly for students with low spending power, and mainly sells powdered milk tea in the form of foreign belts.　

At that time, compared with the hot demand of portable brewing milk tea, the existing tea was still in its infancy. The emergence of "Tea Hundred Ways" just fills this blank. With good products and affordable prices, it has successfully attracted the attention of students’ consumer groups. The blank of the market itself, coupled with the advantages of site selection, enabled Wang and his wife to successfully earn the first bucket of gold. A year later, they opened a second branch on the campus of Southwestern University of Finance and Economics (Liulin Campus).　

In 2010, the trademark "Tea Hundred Roads" was officially registered. In the same year, two major desktop milk tea brands, Diandian and coco, successively entered the mainland for development. In the following years, a number of existing tea brands such as Xicha, Lujiao Lane and Naixue Tea began to rise, and new Chinese tea officially entered the stage of branding and chain development.　

△ Image source: Chabaidao official little red book　

In 2016, Chabaidao opened its franchise in Chengdu for the first time, upgraded its stores and started its brand operation. This year, the number of stores in Chabaidao exceeded 100.　

Generally speaking, the development speed of Tea Hundred Roads in the early stage is not fast, and the sense of existence is not strong.　

It was not until 2018 that this situation began to change. This year, Chabaidao began to aim at the whole country, which opened the expansion of the whole country, and the rapid growth of Chabaidao began to enter the investor’s field of vision.　

In May and June, 2023, Chabaidao successively received two rounds of financing totaling 970 million yuan, which was led by Lanxin Asia, followed by many well-known investment institutions such as Zhengxin Valley, Grassroots Zhiben, CICC and Tomato Capital, with a post-investment valuation of 17.6 billion yuan.　

According to the latest prospectus information of Chabaidao, Wang Hao and Liu Yuhong hold about 81.75% of the shares of Chabaidao. According to the valuation of 18 billion, their net worth has reached about 14.5 billion yuan. Wang Hao and Liu Yuhong also made the Hurun Report in 2023 and became the new "dark horse" in the rich list in 2023.　

02.99% of the revenue depends on franchisees, and the pressure on the supply chain is not small.

Looking back on the development of Tea Hundred Roads, we can see that joining in business is an important driving force for the rapid development of Tea Hundred Roads.　

According to the prospectus, as of December 31st, 2023, Chabaidao has opened 8,016 stores in China, covering 31 provinces and cities across the country, achieving comprehensive coverage of all provinces and county-level cities in China. Among them, the proportion of franchise stores accounted for 99%.　

On the surface, it seems that Chabaidao is a direct consumer-oriented business, but in fact, Chabaidao is similar to Mixue Ice City, and it is also a supply chain company wearing a milk tea coat. Selling goods and equipment to franchisees is the core business of Chabaidao.　

According to the prospectus, from 2021 to 2023, Chabaidao achieved revenues of 3.625 billion yuan, 4.197 billion yuan and 5.659 billion yuan through franchise stores, accounting for more than 99% of the total revenue; Among them, the income from selling goods and equipment to franchise stores accounts for about 95%, and the gross profit margin of this business is also maintained at about 32%.　

△ Chart source: screenshot of Cha Baidao prospectus　

The core of this business model, similar to S2B2C, is to reduce the operating costs of franchisees and improve the overall profitability through the advantages of supply chain and standardized processes.　

However, unlike the self-built supply chain of Mixue Ice City, Chabaidao mainly relies on third-party suppliers and other business partners to provide raw materials and services for it.　

According to the prospectus, in 2023, the procurement ratio of Chabaidao from its top five external suppliers (including dairy products, sugar, juice and other ingredients, packaging materials, etc.) was as high as 36.6%.　

△ Chart source: screenshot of Cha Baidao prospectus　

Perhaps it is also realized that there is no small risk in relying on third-party suppliers. Therefore, in the past several rounds of financing, Cha Baidao has repeatedly mentioned that the funds raised are mainly used to improve the overall operational capability and strengthen the supply chain capability.　

At present, Chabaidao has established a supply chain center covering every key link of supply chain management from product development, procurement, logistics to after-sales service and quality control. At the same time, Sichuan Tea Co., Ltd. was established to provide brand logistics and distribution services.　

In addition, Chabaidao and Bawang Chaji jointly established Sichuan Chabenyuan New Materials Technology Co., Ltd.. The company’s business scope includes research and development of new materials technology, manufacturing of bio-based materials, standardization services, sales and manufacturing of plastic products, sales of packaging materials and products, and import and export of goods.　

It is worth noting that in addition to the continuous strengthening of the supply chain, Chabaidao has been actively exploring overseas markets and coffee tracks in the past two years.　

In December 2023, Chabaidao opened the first store of coffee sub-brand "Coffee Ash" in Chengdu, and entered the coffee track for the first time.　

In January 2024, Chabaidao officially went to sea, and the first overseas store was selected in Gangnam-gu, Seoul, South Korea. Later, stores were opened in Seoul Hongda and Seoul Yau Pavilion. As of April 20, 2024, the number of Chabaidao stores in Korea has reached three.　

At present, it remains to be seen whether Chabaidao has explored the new amount in terms of going to sea and coffee business.　

03. Queue for listing, and the 2024 New Tea Listing Competition started.

In fact, in addition to the hundreds of teas, there are many tea brands waiting in line for listing.　

In January this year, Mi Xue Bing Cheng and Gu Ming submitted prospectuses to the Hong Kong Stock Exchange at the same time. Subsequently, on February 14th, Auntie Shanghai, a tea brand, submitted a prospectus to the Hong Kong Stock Exchange. The co-sponsors were CITIC Securities, haitong international and Dongzheng International.　

△ Image source: Red Meal Network photo　

On April 11th, the Hong Kong Economic Daily also reported that Bawang Tea Ji would go public in the United States as soon as the middle of this year, raising between 200 million and 300 million US dollars (a contract of 1.57 billion to 2.35 billion Hong Kong dollars).　

Why do new tea brands start to get together and go public? In this regard, there are many views in the industry that whoever can take the lead in successful IPO will seize the opportunity among the tea drinks that are "rolled out of the sky".　

In particular, tea brands need a lot of financial support to cope with the competition in the current tea track such as "joining war", "sinking war" and "price war".　

In the past year, in addition to hundreds of teas, brands such as Guming and Auntie in Shanghai have also announced the sprint of 10,000 stores. In order to achieve this goal first, brands often need more funds to spread the store network. With the cooling of the new consumer investment market, the attention of the primary market to the new tea market has obviously declined. Therefore, listing has become a new way for new tea drinkers to obtain funds.　

But the success of listing does not mean that the brand can sit back and relax. Take Chabaidao as an example, it and most new tea brands are in the mid-range price range of 10-20 yuan, including the above-mentioned Guming, Shanghai Auntie and Bawang Tea Ji, which are already waiting in line for listing.　

There are many competitors, and the homogenization of new tea itself has become more and more serious. It is conceivable that these new tea brands in the middle price zone will still face a lot of competitive pressure in the future.　

Today I’m bringing you a domestic car. As for the outstanding performance of the car, please read it together.

Let’s take a look at the appearance of the tank 300 first. The whole front of the tank 300 looks very individual and sporty. Coupled with concise headlights, the shape is very young. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Come to the side of the car, the car body size is 4760MM*1930MM*1903MM, the car uses domineering lines, the car body looks very cold, with large-sized thick-walled tires, it looks full of movement. In the rear part, the overall shape of the rear part echoes the front face, and the taillights are very angular. Coupled with the unique exhaust pipe, it is still relatively soft overall.

Coming into the car, the interior design of Tank 300 is very young and has a good visual effect. The steering wheel of the car is well designed, equipped with the functions of manual steering wheel up and down+front and rear adjustment, steering wheel heating and so on, which looks a little more atmospheric. Take a look at the central control, with a 12.3-inch touch-sensitive LCD central control screen, which makes the interior style impressive and the details are still in place. The dashboard and seats also give people a good feeling. Let’s take a look. The car is equipped with a domineering dashboard, and the sports atmosphere is relatively in place. The car uses leather seats, which are wrapped in place and the overall comfort is acceptable.

The car is equipped with car networking, driving mode selection, remote control key, Bluetooth key, rear wiper, interior atmosphere light and other configurations, and the configuration performance is relatively good, which improves the convenience of drivers to some extent.

This car has been introduced almost before, and I believe many users who buy a car have taken a fancy to its comfort and practicality. If you are excited, you may wish to go offline and actually feel it.

　　On the evening of November 15, a picture of a finless porpoise suspected of being illegally caught was circulated on several online platforms. On the 16th, the Agriculture and Rural Bureau of Xiangyin County, Yueyang City, Hunan Province sent a letter of illegal fishing clue transfer to the Xiangyin County Public Security Bureau. The Paper learned that the public security organs in Yueyang are trying their best to verify this clue.

　　The finless porpoise is suspected of being illegally caught. Image source: Internet

　　According to the clue transfer letter from the Agriculture and Rural Bureau of Xiangyin County, the source of the clue is Xia Wei, deputy director of the Management Committee of Henglinghu Provincial Nature Reserve, which is located in Xiangyin.

　　Xia Wei told The Paper that after 11pm on the 15th, he received a screenshot forwarded by a friend. That’s a photo of a finless porpoise being caught ashore. In the photo, the finless porpoise has a fishing tackle on his lips, and a man stands behind the finless porpoise. As a staff member of a nature reserve, he immediately became nervous and asked his friends about the source of the pictures. A friend said that he also saw it from a group of fishing friends. The earliest time for this picture to appear in the group was 10: 40 that day. Some screenshots chat that this is "caught by loach".

　　In Xia Wei’s view, the finless porpoise is very smart. Generally, it only eats half a catty to five catties of fish, so it is unlikely to be lured by loach. But he is still worried that this picture reflects the real situation, and "did you catch it yourself (Xiangyin)?" "If it is, it must be dealt with seriously." He thought to himself.

　　The next morning, before going to work, Xia Wei reflected the picture clues to the Xiangyin County Agriculture and Rural Bureau.

　　The transfer letter from the Agriculture and Rural Bureau of Xiangyin County showed that at 6: 54 am on the 16th, the bureau received a screenshot of the illegal fishing of finless porpoise released by Xia Wei who forwarded it to the relevant personnel of "Xiangjiang Baiting Actual Combat Group". The finless porpoise is a national first-class protected animal, and fishing and catching finless porpoise are suspected to constitute a crime.

　　"Our bureau attaches great importance to this, but this photo reflects a small amount of information, and netizens have different opinions on the location of the incident. Therefore, we handed over the clues to the local public security organs at the first time, requesting to trace the key information such as the place where the incident occurred, the shooting time, and the specific personnel reflected in the photo to check whether the incident occurred in our county, so as to carry out the next step. " Tao Feng of Xiangyin Agriculture and Rural Affairs Bureau told The Paper, and then there was a clue transfer letter that netizens saw.

　　The Ministry of Public Security has paid attention to

　　On the afternoon of November 16th, the relevant person in charge of the Propaganda Department of Xiangyin County Committee told The Paper that the public security organ of Xiangyin County attached great importance to it after receiving the clue. Because the information reflected in the picture was extremely limited, it was not certain that it was in Xiangyin, nor could it be sure of the authenticity and source of the picture, so it was reported to Yueyang Public Security Bureau. At present, the public security organs of Yueyang City are fully verifying it.

　　Xia Wei introduced that after reporting the screenshot information of the finless porpoise, he got a video of the finless porpoise being caught for about 10 seconds.

　　In the video, a man asked in Mandarin, "What kind of fish is this? What fish? " Some women answered a few words in dialect. Xia Wei feels that this is not Xiangyin dialect, and he is not sure whether the finless porpoise in the video and the picture is the same, but both pictures have iron grilles on the ground. The finless porpoise in the picture is black and wet, and it should have just landed, but the finless porpoise in the video has turned white under the action of light and is obviously dead.

　　Daming He, a volunteer of Yueyang Dongdongting Ecological Protection Association, told The Paper that he also saw the pictures posted on the Internet. Daming He was a fisherman who had been dealing with finless porpoises for many years. He was not sure whether the finless porpoises were caught ashore, but he introduced that some people in other places used "anchor hooks" to hook the finless porpoises — — Anchoring fish is a prohibited fishing method. This year, the Yangtze River basin has been severely dry, the lakes of Dongting Lake and Poyang Lake have shrunk, the movable area of finless porpoises has also shrunk a lot, and there are more and more anglers. "Even if you catch a finless porpoise, you should release it immediately. Don’t they know that the finless porpoise is a panda in the water? " Daming He said.

In 2018 and 2019, the key words of Ford Motor Company could not be avoided. But ask yourself, how did Ford go into decline?

After seeing the following complaint from the owner of Fujie, Xiao Bian is convinced that it is closely related to the poor product quality.

Recently, Xiao Bian learned that a complaint from a car owner in Fujie showed that in just two years from July 2016 to the present, the car has been on the road of maintenance, and the problem has not been repaired so far. The car owner also revealed all the bad things from buying a car to the present.

Full of "16 sins":

1. I bought a car in July 2016, but the new car failed to get a flat tire in January due to the problem of Goodyear tire groove, and the 4s manufacturer’s claim was fruitless.

2. The daughter-in-law drove the baby to stop at the school gate, and the sudden brake system failed, and the flameout was restarted.

3. A month later, the instrument engine fault light came on, and the 4s shop checked that it was a problem with the rear oxygen sensor, so the claim was handled.

4. Driving at a low speed rattled the front of the car. After two inspections, there was no result. After that, I went to brake maintenance to reduce the abnormal noise. The local 4s shop said that there was no way.

5. At the beginning of 2017, when I was on a business trip, I passed the Liupanshan high-speed brake jitter and the directional body jitter. I called the 4s shop and said that it was a brake disc problem. I didn’t want to change the brake disc for a new car, so I didn’t care. After the jitter was not so obvious on the way back, I basically didn’t open it.

6. The headlights automatically light up during the day. After going to the 4s shop to check the problem of the left front headlight module, they took other headlight modules for test drive. I said it would take time to claim compensation. You will slowly claim compensation from the manufacturer.

7. Brake tubing recall.

8. The skylight leaks and is recalled.

9. In 2018, there was no high beam manufacturer to upgrade the headlights, and the 4s shop said that the headlights and claims could only be made if they were not lit again.

10. Every time I refueled, I felt that the quantity was wrong. I told the manufacturer that the 69-liter fuel tank was wrong. I went to 4s and said it was a carbon tank problem, so I claimed for compensation.

11. The engine fault light came on. I went to 4s to check that the front oxygen sensor was broken, and claimed for compensation.

12. When changing the carbon canister, I mentioned to 4s that he said that the fuel consumption was extremely high and there might be problems with the oxygen sensor. After replacing the carbon canister, my oil consumption interface was filled with oil and cleared, and the oil consumption was still 20 oil in the urban area.

(I remember running 260 to 280 kilometers for a box of oil), go to 4s and clean the throttle and nozzle as they say. When I’m done, I’ll clear it to 20, and then I’ll go to 4 S. They said there was something wrong with my spark plug and asked me to replace it.

I said, "it can be replaced. I won’t pay the money until the problem is solved. After the fuel consumption is cleared, the fuel consumption is still high. Later, the NGK (gold spark plug) I changed outside was going to return to Fujian for a long distance, but the fuel consumption was still not handled.

13. At the high speed, the cruising range can only be displayed at 520 to 550 every time after filling up with oil. Pingliang to Fujian is 2100 kilometers, and I added 5 oil returns, with a cost of about 1700.

14. On the way back to my hometown, when the speed exceeds 80, the brakes obviously feel the body shaking and the direction shaking. On the way, there are two or three times of shaking, and it feels like a rollover. At that time, the brakes were not trampled.

15. The sunroof, central control, headlights and sunroof keys are out of order. After more than a year, I forgot to handle them every time I went to the 4s shop. After all, it was a minor problem.

16. Go back to my hometown to Pingliang and refuel 1800. When I went to Ford 4s computer to check and read the data, I failed to deal with the fuel consumption problem. When I was lifting the chassis to check the engine fuel tank, the right front wheel rod was linked to an oil seal of the gearbox and leaked oil, and then I claimed for compensation. Brake jitter problem 4s claims with manufacturers are fruitless.

In addition, I took a photo when I filled it with oil, and I lost one grid of oil on the oil meter, only running 56 kilometers. It’s only 2 yuan a kilometer downtown for this fuel consumption. Since 2016, how many manufacturers have seen the problem themselves.

I replaced the new brake pads at my own expense, but they replaced the solenoid valve. The problem was still frustrated between the first and third gears. I changed the gearbox oil for 40,000 kilometers, thinking that the problem could be solved. The problem still existed, and the brake disc rattled behind me. They gave me a protective agent and had to deal with it. This is a common problem. The carbon canister is broken again, and I claim a new one, and the fuel consumption is still high.

I asked to replace the front and rear oxygen sensors, and the fuel consumption was still touching. Later, I replaced the solenoid valve of a carbon canister at my own expense, and the fuel consumption was still high. I recalled the airbag this year, and I changed it inside, and the high-pressure oil pump was also replaced with a new one. The fuel consumption is still so touching.

Ford’s advertisement is good … endless ~ it should be endless.

The fuel consumption is high. I have been repairing it for more than a year, but I can’t fix it well. Changan Ford has been ignoring it after sale. I have been asking the manufacturer’s technical engineer to come over and help me solve the problem. The 4s shop said that the fuel consumption is not a fault.　

How do you feel when you see what happened to this car owner? Still buying it?

It is said that the fuel consumption of American cars is high, but the blessing industry is too high! Besides, the quality of this car has been repaired so many times, shouldn’t it be replaced for this consumer?

Third, the historical review of the ITY car system

● The first generation of CITY(1996 -2002)

　　As mentioned earlier, in 1996, Honda named the successor model of the second generation of CITY as Logo, and at the same time gave the name of CITY to a brand-new model put into production by Honda in Thailand. The internal code of the first generation Honda CITY is SX8, which is a car based on the old fourth generation Civic platform (the fourth generation Civic production year: 1987 -1991, the fifth generation Civic production year: 1991 -1995, and the sixth generation Civic production year: 1995 -2000).

　　Although the first generation of CITY comes from Honda’s old vehicle platform, it has the advantages of mature technology and low cost, which is in line with its positioning as a national car of developing countries in Asia. The first generation Honda CITY was first put into production in Thailand in April 1996, and 70% of its parts were purchased locally. By February 1997, CITY had sold 14,352 vehicles, accounting for 66% of the market share of Thailand’s vehicles under 450,000 baht (about 80,000 RMB). Following Thailand, the first generation of CITY was put into production in Philippine, Malaysian, Pakistani, Indian and other countries, but the car was not introduced to China.

　　The first generation Honda CITY has only one sedan, so its body size is almost the same as the sedan version of the fourth generation Civic, with a length, width and height of 4270mm×1690mm×1395mm and a height of 2500 mm.. However, the shape of the first generation Honda CITY has been redesigned, which is more in line with people’s aesthetic standards for cars in the 1990s. Its overall shape is simple and generous, and its body proportion is coordinated.

　　The most obvious feature of the previous version is that the fog lamp is located at the lower air inlet, and the body rubbing strip, exterior rearview mirror and door handle are all black. At the same time, the front and rear bumpers are made up of three sections. According to the introduction, this is mainly to facilitate the parts to be transported from Japan to Thailand, Malaysia, the Philippines and other sub-countries by shipping, and then assembled and produced after reaching the destination. The first generation of CITY was redesigned in the middle of 2000, and the later version was called CITY type Z in some countries. The front face and taillights of the new car were redesigned, and the integrated front and rear bumpers were replaced.

　　The design of the interior part is mainly to reflect practicality. The center console is dark gray in overall, and the layout is simple and regular. The steering wheel adopts a two-spoke shape with spokes at 4 o’clock and 8 o’clock. The asymmetric instrument panel is unique. Two small dials, the fuel gauge and the water temperature gauge, form the left semicircle, and only one speedometer dial is arranged in the right semicircle. The central control panel in the T-shaped area is designed as an inverted trapezoid, which is horizontally divided into four layers. The top layer is a set of square air outlets, the second layer is a storage compartment, and the lower two layers are the operation panels of the harmony sound system.

　　In terms of power, the first generation Honda CITY was originally equipped with a 1.3-liter inline four-cylinder Honda D13B, with a maximum of 95 horsepower. The transmission system was matched with 5-speed manual or 4-speed, with an acceleration time of 11.3 seconds from 0 to 100 km/h and a top speed of 171 km/h. Subsequently, a version equipped with Honda D15B 1.5-liter inline four-cylinder engine was added, with a maximum power of 103 HP. In 2001, Honda CITY launched a version equipped with a 1.5-liter VTEC engine with a maximum power of 115 HP. In the chassis part, the first generation of CITY originally adopted the independent front+McPherson independent rear suspension. However, Honda found that the competitors of the first generation of CITY were hardly equipped with independent rear suspension, so for cost reasons, CITY also cancelled the independent rear suspension.

● Second generation Honda CITY(2002 -2008)

　　In November 2002, the second generation Honda CITY made its debut at the Thailand International Automobile Expo. The new car no longer adopted the Honda Civic platform, but changed to the same Honda global platform as the first generation Fit, but its positioning has not changed, and it is still Honda’s entry-level sedan.

　　The second-generation Honda CITY also has only a sedan body structure, but the driving mode is not only the front drive, but also an additional version. In terms of body size, the length, width and height of the previous version are 4310mm×1690mm×1485mm, and the wheelbase is 2450mm；; In September, 2005, the second generation of CITY was redesigned in the mid-term, and the length of the car in the later version was increased, with the front part lengthened by 65mm and the rear part lengthened by 15 mm..

　　The second-generation CITY adopts the same MM design as the first-generation Fit, that is, Man Max (Maximizing Passenger Space) and Mechanism Mini (Minimizing Machine Occupancy), and its stylish appearance has many similarities with the first-generation Fit, especially the front contour is easy to connect the two cars. The interior design is exactly the same, and the overall layout of the center console of the two cars is exactly the same, with only minor differences in the details. The later version mainly redesigned the front and rear of the car to make the car look more dynamic.

　　In terms of power, the second-generation CITY was originally equipped with Honda L series 1.3-liter and 1.5-liter inline four-cylinder engines. i-I (Intelligent Double Sequential Ignition) technology was adopted, and each cylinder was equipped with two spark plugs. The ignition timing was adjusted according to the engine speed, load and other factors, and the intake vortex was used to realize rapid and sufficient lean combustion, thus improving the engine power and reducing the fuel consumption of the whole vehicle. Subsequently, a version equipped with a 1.5-liter VTEC engine was introduced, and the transmission system was matched with a 5-speed manual gearbox or gearbox. In the chassis part, the second-generation CITY is equipped with the same McPherson independent front suspension+torsion beam semi-independent rear suspension as the first-generation Fit, and adopts a unique fuel tank center structure.

　　The second generation Honda CITY is no longer just an exclusive model for the Southeast Asian market. The car has also been put into production in the Japanese Honda saitama narrow mountain factory and the Guangzhou Honda (renamed Guangqi Honda in 2009) Huangpu factory in China. Honda launched the second generation CITY in Japan in December 2002, but the name of the car changed to Fit Aria. Aria translated into aria is usually a lyrical and dramatic solo passage in drama. This name is mainly used to continue Honda’s tradition of naming cars with music. For example, Honda’s Prelude, Accord, Ballade, Quintet and Concerto also have car names related to music.

☆ The second generation Honda CITY is in China.

　　In the China market, the second generation Honda CITY was first launched in 2003, and the domestic version was originally named (Fit Saloon, which China car owners used to call the Fit). On September 16 of the same year, it was rolled off the assembly line in Guangzhou Honda (renamed Guangqi Honda in 2009) and listed in the whole country on September 28. The first to be put on the market is the Fit Saloon)1.3-liter 5-speed manual version, which costs 99,800 yuan. Subsequently, the sedan Fit introduced 1.3-liter CVT version, 1.5-liter 5-speed manual version and 1.5-liter CVT version with a price of 10.98-119,800 yuan.

　　The mid-term modified model was rolled off the assembly line in Guangzhou Honda on March 29th, 2006 (renamed Guangqi Honda in 2009) and listed on April 8th of the same year, with the price of 96,800-124,800 yuan. The new car no longer uses the name of the Fit sedan, but is renamed as Sidi, a transliteration of CITY, which stands for Creative (Creative Leading), Intelligent (Outstanding Wisdom), True (True Personality) and Youth (Young Vitality). In August 2008, Sidi launched a small modified model. The new Sidi has the only skylight developed by Honda for the China market in the world. The new car was launched in September of the same year, with a price of 938-124,800 yuan.

"Three-color awning, how to spell it?" and "Three-color awning protects you from the wind and rain", these topics have quickly triggered extensive discussions recently. Three-color poncho has also become the most popular color at present, and our fans have mentioned it many times in the comment area. As the fuse of the incident, behind the tri-color canopy is actually a rights protection incident caused by water leakage of Mercedes-Benz owners in Maibakh. Although the incident itself is unfortunate, it urges us to rethink how to better serve car owners.

As a brand with a history of one hundred years, Mercedes-Benz originated in Stuttgart, Germany, and is famous for its excellent technology and design. It can also be said that it is the ancestor of the automobile industry. In any case, this kind of emergency is obviously what we don’t want to see.

However, for us in the automobile industry, the incident itself should not be the focus, but we should pay attention to how to avoid similar problems from happening again.

LUMMA G780 Gluck, which is customized and upgraded based on 450, was just launched in September this year. While continuing the elegant design of Mercedes-Benz, it incorporates more personalized customization elements. We pay attention to the needs of every car owner, providing high-grade NAPPA leather seats, unique interior decoration and top-level sound system, so that every trip is full of luxury and comfort. Through stricter quality control and better after-sales service, every car owner can enjoy the luxury driving experience with peace of mind.

This incident reminds us that it is very important to maintain communication and trust, whether it is the brand or the car owner. LUMMA promises to always listen to the voice of customers. Whether it is pre-sales consultation or after-sales service, we will make the most comprehensive preparations to ensure that the rights and interests of all car owners can be fully guaranteed.

Choosing LUMMA is not only a choice of a car, but also a noble lifestyle. Let’s focus on the future, work together to avoid similar incidents and create a safe and pleasant driving environment for every car owner.