Tonight, big news from Country Garden!

China fund newspaper Taylor

Brothers and sisters, because of the "Martin Luther King Memorial Day" tonight, the US stock market will be closed for one day. Let’s watch the domestic news briefly.

Country Garden Yang Huiyan’s latest voice!

On January 15th, Country Garden Group held its 2024 annual work conference. Yang Huiyan, Chairman of the Board of Directors of Country Garden Group, said that "although the company is facing difficulties now, the dream Country Garden has never changed".

Yang Huiyan said that the family will definitely share the same fate with the company, will work wholeheartedly and sincerely for the development of the company, and is currently trying its best to revitalize its assets.

Yang Huiyan emphasized that in 2024, the key tasks of the Group will still be to ensure delivery, operation and credit. "In the process of ensuring delivery and optimizing operation, we will strive to ensure credit, make good communication and arrangements with all relevant parties, and enable the company to repair its balance sheet in an orderly manner during the delivery process".

According to the contents of the working meeting, ensuring delivery is the bottom line that Country Garden must firmly hold. In 2023, Country Garden delivered more than 600,000 houses, with a total delivery area of 71.62 million square meters, involving 249 cities in 31 provinces, among which 44,521 households in 151 batches achieved "certificate upon delivery". According to third-party statistics, Country Garden’s annual housing delivery once again ranks first in the industry, close to the sum of the second and third deliveries.

Yang Huiyan said that in 2024, the company expects to deliver more than 480,000 sets, which is still a huge delivery task. The whole company should be fully prepared in terms of funds, resources and personal status.

Mo Bin, president of Country Garden Group, also stressed at the meeting that ensuring delivery is what we should do, and now it is the bottom line requirement of politics and the premise of enterprise survival. Based on self-help and extreme management, it is our conscience to hand over each suite to our owners. As long as it is the project we handle, it is our mission to ensure delivery.

Yang Huiyan said that the "new housing reform plan" and other policies have given very clear requirements for the positioning and future development of real estate. "As long as the national policy is clear and relatively stable, we can make a good strategy based on the policy and make the enterprise develop better and more stably."

Country Garden believes that in 2024, it is expected that the market will remain at a low level, the differentiation of urban sales performance will intensify, and the differentiation between private enterprises and state-owned enterprises will still intensify. Mo Bin emphasized that without sales, there would be no hematopoiesis. During the policy window period, we should keep up with the general trend of the policy, seize the opportunity to obtain support, and at the same time strictly adhere to the bottom line of guarantee and delivery, do a good job in stock and incremental sales, and constantly restore the hematopoietic function of enterprises.

Mo Bin said that the challenges faced by the company this year may be more severe than expected, and everyone should calmly deal with them. There is nothing that can’t be overcome if we strengthen our confidence and unite as one. "The market cannot go up forever, nor can it go down forever. The market always exists." He encouraged every colleague of the group to work hard in the new year, then attack hard and look forward.

Beiqi Blue Valley is expected to lose 5.2 billion yuan to 5.7 billion yuan in 2023.

Beiqi Blue Valley announced that it expects a net loss of 5.2 billion yuan to 5.7 billion yuan in 2023, compared with a net loss of 5.46 billion yuan in the same period last year. The sales volume of the company’s products is still in a period of rapid improvement, and the scale effect has not yet appeared, resulting in a high product cost stage; With the coming into the market of new products in the later period, the product structure is gradually enriched, the channel construction is further improved, and the company’s product sales and profitability are expected to be continuously improved.

Baidu responded to the stock price crash.

On the evening of January 15th, Baidu issued a statement saying that recently, Baidu noticed that some media reported an academic paper referring to several large language models (LLM), such as GPT3.5, GPT-3.5-turbo, GPT4, HTML-T5 and Baidu ERNIE Bot, and made the following clarification. The related academic paper was published by a scholar of China University, which described how the author designed the process of asking questions to several LLMs and getting replies. Any user can use this function when interacting with the generative AI tool.

Baidu said that there is no cooperation between Baidu and the author of the paper or its affiliated institutions, and it has not provided any customized services. ERNIE Bot is open to the public and widely used by the public. The media that first reported the academic paper has clarified this and corrected the original report.