"Flower Thousand Bones": From TV series to movies, why the popularity of IP is no longer popular


1905 movie network feature Directed by,,,,, and other starring Xianxia fantasy movie was released on January 20, 2024. The film tells the story of the girl Hua Qiangu’s struggle with fate all the way, finally finding herself, and harvesting pure love. The movie continues the original play of the original work, preparing to evoke the memories of the whole people’s pursuit of this master-disciple sadomasochism.



However, the movie version of "Hua Qiangu" has been sluggish since the official announcement. After the movie was released, the box office on the first day was less than 3 million, and the predicted box office was only about 20 million. Audiences who have seen the movie do not buy the quality of the movie, and even call it the first bad movie in 2024. Many people say it is "the first bad year".



In 2015, the TV series "Hua Qiangu" adapted from the novel of the same name, once broadcast, triggered a ratings boom, with popular actors, and set off a "Xianxia fever" across the country. The average audience rating of the TV series broke 2, and the audience share of the finale was as high as 50%. It broke the viewing record of China’s weekly broadcast drama. Why did the movie version "Hua Qiangu" "Love Tribulation" resurface after 8 years but no longer have a good reputation?


What’s wrong with "Hua Qiangu"?


Film critic Wu Yanyu gave her own opinion. From all aspects, she did not feel the sincerity of the film version "Hua Qiangu" as a movie.


The first is that the "Hua Qiangu" IP is basically out of popularity in 2024.



Before 2015, our audience saw more pure fairy fantasy works. At that time, in the form of a fairy and idol, "Flower Qiangu" pioneered the vertical type of "fairy puppet" and became the favorite film and television genre of young audiences at that time. By 2024, the audience had seen too many "fairy puppet" dramas and too many handsome men and beautiful women, so they were not so "cold" for this type of movie.



Secondly, in the casting, the audience was not satisfied with the casting of the male and female protagonists, and was questioned as "not immortal, very down-to-earth".



As a well-deserved protagonist in "Hua Qiangu", when Zhao Liying played this role, she was very smart and immersive, including the blackened performance in the later stage of the series. Zhao Liying could also perform a sense of contrast and bring the role of Hua Qiangu to life. Compared with the TV version of "Hua Qiangu", the make-up of the female protagonist Chen Turin in the film version was not as smart as Zhao Liying back then, and her acting skills were also quite different from Zhao Liying’s.



The image of the male protagonist Baizi painting is a relatively silent, thoughtful immortal, which is very suitable for the image of a relatively cold person. However, the ancient costume shape of Li Chengbin in the film version is too different from the image of Baizi painting in the minds of many audiences.



In addition, because of the length of the movie, the plot progression of the movie version also appears more blunt and sudden.


The relationship between Hua Qiangu and Baizi’s master and apprentice in the film and television drama was described at a long length, from the fact that the two could not fall in love, to the process of the two from the taboo to the final break, the gradual progression of the feelings would make the audience feel so moved.


However, in the movie, these two people broke the principle of "master and disciple taboo" very suddenly. In the movie, Bai Zihua was injured, and Hua Qiangu went to save him. Why did Hua Qiangu save his master? Where did their relationship start to grow? What did Hua Qiangu endure during the process of saving her master? How did the two "blacken"? How did they return to the right track after "blackening"? The movie unfolded in a hurry for more than ten minutes, and the screenwriter of the related plot of the two people’s emotional changes did not explain it, so the audience was also confused.



In the end, the special effects production was also quite shoddy, unable to match the audience’s expectations. Some viewers even commented that "CG network is at a high level, and webcasting is recommended".



A good Xianxia movie definitely has a relatively high threshold in terms of special effects, but judging from the level of special effects in this movie, it seems to be stuck at the same level as five years ago.



Therefore, from the film version of "Hua Qiangu", we can see that the popularity of IP will gradually decline, and the capital boom will gradually subside. If the creators of the film are not attentive, then as the audience said, the film may not really need to appear in the market.


The way out of the drama?


How to successfully create a second-generation film based on the drama version has become a problem that plagues filmmakers. As far as the "drama-to-film" model is concerned, it was very popular in the past few years. It was a pity that they did not achieve good reputation and box office results, and also consumed the trust of subsequent audiences in the entire "drama-to-film" category.



It can be said that it is more difficult to adapt a TV series into a movie than to create a brand new story. Although adaptations have a certain IP effect and have more advantages in publicity and marketing in the later stage, for film creation, adaptations are often constrained by the story of the series, the character setting, the actors and other parties, and the requirements for screenwriters and directors are higher.


Therefore, in order to meet the audience’s expectations, it is best to keep the original starring role in the movie remake project, but you can choose the behind-the-scenes production staff who are more familiar with the rules of film creation. At the same time, for an IP to carry out secondary creation, it must have some dialogue and combination with the current era and the current audience, and treat it with the most sincere and rigorous attitude, in order to make a second creation that is no less influential than its own IP.



The big IP that should have been getting hotter and hotter was getting colder and colder, from the empty alley to the lonely opening. In fact, the era of relying on reputation and attention has passed, and it is ultimately up to filmmakers to create movies with their hearts!


Wanda Commercial Management’s listing has taken another "two steps": pay the 1.575 billion as scheduled, and thaw 5.1 billion shares

Produced | Sohu Real Estate & Focus Finance

Author | Wang Zehong

Editing | Wu Ya

The decisive battle for IPO is imminent, but Wanda Commercial Management has encountered various storms, whether it is the freezing of equity or the hidden acquisition of several Wanda plazas, all of which are related to its debt pressure.

But public debt is a bottom line, especially for Wanda Commercial Management, which is in the final sprint of listing. On July 11, the capital markets reported that for the "20 Dalian Wanda MTN003" 1.575 billion yuan ticket due on July 10, Dalian Wanda Commercial Management has remitted the full amount of funds for redemption to the Shanghai Clearing Exchange.

In addition to the winning ticket due in July, Wanda Commercial Management has nearly 4.30 billion yuan of bonds, which will be repaid in January 2024. The news also pointed out that Wanda Commercial Management plans to repay the public debt through equity funds and refinancing channels.

In this regard, Wanda Group responded to Sohu Finance: "1.575 billion yuan ticket due payment news is true."

An industry professional told Sohu Finance: "Wanda has some liquidity pressure, but obviously this pressure comes from the expectation of listing and the real estate sector. The real estate sector and the business management sector are independent legal persons. As the main body of listing, there is no liquidity pressure in the short term, so it is natural to repay the debt on time. If there is an overdue, it shows that even the liquidity of the business management sector has deteriorated sharply, which will naturally endanger the listing process of the business management sector."

After the news of the scheduled payment came out, several US dollar bonds of Wanda rose on the same day. Among them, the purchase price of US dollar bonds due in 2024 rose by about 1.5 cents to around 61.7 cents per dollar, and Wanda’s domestic bonds "200,000 to 01" rose slightly by 0.6%.

Behind the equity thaw: Zhuhai business management became a mystery for 6 days, Vanke exceeded the freeze and unblocked

Meanwhile, another piece of good news also arrived.

On July 11, according to the information disclosed by the national enterprise credit information publicity system, all the shares held by Dalian Wanda Commercial Management in Zhuhai Wanda Commercial Management have been thawed, with a total amount of about 5.072 billion yuan.

The previous day, Qichacha showed that Dalian Wanda Commercial Management held all the shares of Zhuhai Wanda Commercial Management (holding 70.16%) were frozen, the amount of frozen shares was about 5.072 billion, the freezing period from July 4, 2023 to July 3, 2026, the enforcement court is Zhanjiang City Intermediate People’s Court of Guangdong Province.

But unlike in the past, the frozen equity was thawed in just 6 days, according to the national enterprise credit information publicity system, Zhuhai Wanda Commercial Management’s frozen 5.072 billion yuan equity has been lifted on July 10.

Such a large amount of freezing and thawing happened in the "lightning and flint", what happened behind the scenes? A relevant person from Wanda Group told Sohu Finance: "We don’t know the specific reason."

A number of Wanda Group companies have been frozen recently, including Dalian Wanda Group’s stakes in Dalian Wanda Commercial Management, Shanghai Wanda Microfinance, and Wanda Properties’ stakes in Wanda Properties.

In particular, Wanda and Vanke due to the Changchun Film and Television City project of more than 1 billion yuan of financial disputes, resulting in Dalian Wanda Group holding Dalian Wanda Commercial Management 1.979 billion equity were frozen, causing Wanda’s strong dissatisfaction, and said that the freeze Wanda Commercial Management 1.90 billion equity, significantly more than the amount of financial disputes between the two sides, is through legal channels to appeal, confident to safeguard the legitimate rights and interests of Wanda Group.

Compared with the "5.072 billion equity freezing incident", the ins and outs behind this financial dispute freezing incident are clear, but because of the excess freezing, Liu Jipeng, the legal adviser of the State-owned Assets Supervision and Administration Commission of the State Council and the dean of the Capital Finance Research Institute of China University of Political Science and Law, was bombarded, and recently recorded a video program to explain.

He believes that the Shanghai Hongkou Court 1.40 billion the disputed assets exceeded the standard by 94 times and seized Wanda 128.70 billion assets, accounting for almost one-third of Wanda’s entire net assets. Therefore, when the guarded person and the qualified intermediary provide strong evidence to prove that the value of the seized assets 120 billion, the legal department should unblock it in time and give Wanda Group sufficient relief rights.

Liu Jipeng also revealed that the Shanghai Hongkou court realized that the 94 times exceeding the standard required by Vanke was unreasonable and serious, and had given 830 million to the seized 1.98 billion equity, but the remaining 1.15 billion equity was still 53 times the disputed assets of 1.38 billion yuan, and the value 74.80 billion. As long as the equity is still in legal proceedings, Wanda Commercial Management listing and issuance of similar funds cannot be carried out.

Behind the 6-day lifting of the 5.072 billion yuan equity, whether it is also sealed due to financial disputes, it is still a fog.

"Borrowing new and returning old" suspension: reduce holdings of Wanda Film to cash out 736 million

But behind this series of events, all point to Wanda Group’s debt pressure. As of the end of June 2023, Wanda Commercial Management’s domestic open market bond stock size was 12.341 billion yuan, and the overseas bond stock size was about 1.80 billion US dollars.

In addition, according to the gambling terms of Zhuhai Wanda Commercial Management, if Zhuhai Wanda Commercial Management fails to go public by the end of 2023, Wanda Commercial Management is obliged to buy back 30 billion yuan of equity from investors.

According to the capital markets, Wanda Commercial Management plans to repay the public debt through equity funds and refinancing channels.

For open market debt, borrowing new to repay the old is one of the ways to solve the gap. However, Dalian Wanda Commercial Management applied to the Shanghai Stock Exchange to issue a 6 billion small public offering, which was suspended by the Securities Supervision Commission on June 28. It was Wanda Commercial Management that actively applied to the Securities Supervision Commission to suspend the issuance on June 9.

According to Sohu Finance, the funds used for the 6 billion bonds were originally planned to be used to repay four domestic bonds due in October 2024 2 billion yuan "200,000 up to 02", 2.50 billion yuan "200,000 up to 03", 1.50 billion yuan due in December 2024 "200,000 up to 04", and 3.80 billion yuan due in September 2025 "200,000 up to 01".

But now this plan has been temporarily unable to carry out, in early July, Wanda Group told investors that the Securities Supervision Commission suspended the registration process of 6 billion corporate bonds, mainly because Zhuhai Wanda Commercial Management’s application for listing in Hong Kong is still in the review process, and the bond application review will be resumed after the progress of the Hong Kong listing.

The core of solving the debt crux finally points to the listing. According to the previous agreement with the 1.30 billion US dollar syndicate to participate in the listing of the loan bank on November 30, Wanda has less than 5 months.

In addition, Wanda’s recent financing moves have been frequent. In early June, everyone’s life insurance loomed to take over Shanghai Songjiang Wanda Plaza, Xining Haihu Wanda Plaza, and Jiangmen Taishan Wanda Plaza. Recently, Wanda Investment has successively reduced its holdings of Wanda Film to cash in.

On the evening of July 10, Wanda Film announced that Wanda Investment reduced its holdings of 2245.74 million shares from June 12 to July 7, according to the estimated average price of 12.87 per share, cashing out about 289 million yuan; in addition, the 37.1877 million shares reduced from May 23 to June 13, cashing out 447 million yuan, a total of 2.5964% of the shares, a total of 736 million yuan.

In addition, Wanda Commercial Management’s performance is also a major support for cash flow. On July 3, Wanda Commercial Management released a business express, and 12 Wanda plazas were newly opened in the first half of 2023, with a total of 484 openings. The total rental income in the first half of the year was 26.32 billion yuan, an increase of 4.5% year-on-year; the net rent was 13.01 billion yuan, an increase of 7.2% year-on-year; the net rent of comparable Wanda plaza increased by 3.8% year-on-year. The rental rate was 98.2%, and the rent collection rate was 100%.

Growth enterprise market index fell by 1.37%, northbound funds sold by 4.4 billion yuan, and the precious metals sector rose against the trend.

K diagram 000001_0

K figure 399001_0

K figure 399006_0

  The three major indexes of A shares fell collectively,It fell by nearly 1.4%, and the net sales of northbound funds exceeded 4 billion. On the disk, the mining industry rose sharply, and Tongyuan Petroleum, Baken Energy, Bomaike, Zhongman Petroleum and Renzhi shares rose daily. The precious metals sector strengthened, Sichuan gold rose daily, and Zhongrun resources rose by more than 8%. Diet pills, oil, gas, jewelry, aerospace and other sectors are in the forefront of the increase list. Energy metals, semiconductors, Chiplet concepts, memory chips, PVDF concepts, batteries, fluorine chemicals and passive components performed poorly, leading the market down.

K graph BK1017_0

K graph BK0732_0

  As of the close of noon,Down 0.40% to 3075.80 points; The Shenzhen Component Index fell 0.99% to 9968.99 points; Growth enterprise market index fell 1.37% to 1969.24 points; The Science and Technology 50 Index fell 1.49% to 878.47 points. The total turnover of the two cities in half a day was 525.2 billion, and the net sales of northbound funds was 4.415 billion.

  The closing rate of 45 shares is 67.16%.

  In terms of daily limit stocks, as of noon closing, a total of 45 stocks had daily limit, and another 22 stocks once touched the daily limit, with a closing rate of 67.16%.

  In terms of individual stocks, the auto sector has multiple daily limit, Shenglong shares have 15 days and 8 boards, and Jintuo shares and Beiqi Blue Valley have daily limit; Oil and gas stocks rose collectively, with daily limit of Tongyuan Oil, Beken Energy, Bomaike and Zhongman Oil. Gold stocks fluctuated and strengthened, and Sichuan gold rose daily; The concept stocks of diet pills continue to be active, and Baihua Medicine and Shuanglu Pharmaceutical have daily limit; The concept stocks of computing power fluctuated and rebounded, and Sichuan Changhong, Tongfang, and Tefa Information had daily limit; Military stocks changed in intraday trading, Morning Air rose more than 10%, and Zhongtian Rocket had a daily limit. In terms of decline, chip stocks collectively adjusted to make a good limit.

  Northbound capital: net outflow of 4.415 billion yuan.

  As of midday, there was a net outflow of northbound funds, of whichThe net outflow was 1.994 billion yuan, and the net outflow of Shenzhen Stock Connect was 2.421 billion yuan, totaling 4.415 billion yuan.

  industryDirection: 370 million inflows of precious metals

  In terms of industry funds, as of noon closing, precious metals, mining industries, etc.Ranked high, with a net inflow of precious metals of 370 million yuan.

  In terms of net outflow, the net outflow of optical optoelectronics and semiconductors ranks high, of which the net outflow of optical optoelectronics is 3 billion yuan.

  Transaction amount of individual stocks TOP10

  In terms of the turnover of individual stocks, as of the close of noon, Cyrus ranked first in the two cities, with a turnover of 7.433 billion yuan; Shenzhen O-film Tech Co.,lt ranked second with a turnover of 6.678 billion yuan.

  Today’s news

  The adjustment and optimization of securities lending related systems is conducive to activating the market and boosting confidence.

  On October 14th, the CSRC adjusted and optimized the system of securities lending and strategic investors’ lending of allotment shares, and tightened the securities lending and strategic investors’ lending of allotment shares in stages on the premise of keeping the system relatively stable. On the same day, the Shanghai and Shenzhen Stock Exchanges issued "On Optimizing Securities Margin Trading andThe notice on relevant arrangements for securities lending transactions further refines the relevant rules, and the increase in the margin ratio for securities lending will be implemented as of October 30, and other provisions will be implemented as of October 16. Tian Lihui, dean of the Institute of Financial Development of Nankai University, told the Securities Daily that the optimization of the securities lending system has increased the cost of securities lending, constrained the insider’s securities lending behavior, and demonstrated that the regulatory authorities are advancing with the times on the premise of respecting the market. Strengthen the responsibility and actions of "countercyclical adjustment".

  The central bank continued to exceed 789 billion yuan, and the MLF interest rate remained stable.

  The central bank launched a 7-day reversal of 106 billion yuanOperation and 789 billion yuan one-year MLF operation, won the bid.Both are flat, 1.8% and 2.5% respectively. Today, there are 240 billion yuan of reverse repurchase and 50 billion yuan of treasury cash deposits due.

  40 billion! The securities industry today targeted "RRR cuts"!

  China Securities Depository and Clearing Co., Ltd. will formally implement the arrangement of reducing the minimum settlement reserve for stock business on October 16, 2023. After the implementation, the proportion of reserve payment will be reduced from the original 16% to the expected target of 13% on average, which is nearly 40 billion yuan compared with the funds released in September.

  Good news! ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank and Bank of Communications announced fee reduction and profit reduction.

  In order to further guide the banking industry to support the development of the real economy and enhance people’s financial consumption experience, on October 12th, under the guidance of the regulatory authorities, China Banking Association issued the Proposal on Adjusting the Price of Some Banking Services to Improve the Quality and Efficiency of Services. Specifically, the fee reduction and profit-making projects involve bill handling fee, cost, personal deposit account statement printing fee, cost of security authentication tool, credit card transaction reminder, overpayment transfer fee, annual fee replenishment mechanism, repayment time and tolerance service mechanism, etc. As of October 13th, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, Bank of Communications, etc. have announced that they will actively respond to the initiative of China Banking Association, increase the efforts to reduce fees and make profits, and continuously optimize customers’ financial experience, but the specific implementation details and implementation time need to be announced later.

  Pan Gongsheng, the governor of the central bank, recently voiced that monetary policy should continue to exert efforts and take advantage of the situation

  Pan Gongsheng said that in the next step, China will pay more attention to the balance between economic growth and sustainability and actively promote high-quality and sustainable development on the basis of maintaining a reasonable growth rate. In terms of monetary policy, Pan Gongsheng said that China’s prudent monetary policy is precise and powerful, and it has intensified countercyclical adjustment, effectively responding to domestic and international risk challenges and consolidating the economic recovery. In the next step, we should continue to exert ourselves and take advantage of the situation, give full play to the dual functions of monetary policy tools, focus on expanding domestic demand, boost confidence, accelerate the virtuous circle of the economy, and provide stronger support for the real economy.

  After the holiday, non-stop research on pharmaceutical stocks and diet pills has attracted special attention.

  The attention of institutions to the pharmaceutical sector is increasing. In terms of funds, more than one pharmaceutical stock has boarded in the past week.Many institutions continue to increase their positions. ConggeFrom the point of view, some strategy chiefs once again listed the pharmaceutical sector as one of the key sectors in the fourth quarter. In addition, in just one week after the National Day holiday, many pharmaceutical companies have accepted dozens of well-known companies..

  Public offering to play new music is tireless in order to enhance income.

  Since this year, participationPublic offeringThe number of products reached 4,848, and the total amount allocated reached 46.056 billion yuan, of which 74% of equity funds in the whole market participated.. The market continues to fluctuate, and innovation is considered to be one of the important ways for Public Offering of Fund to obtain low-risk absolute returns. The data shows that dozens of small-scale funds this yearFor itContributed at least 2 percentage points of income.

  The latest shareholding exposure of social security fund! Appeared in a number of A-share companies favor these stocks.

  With the disclosure of the third quarterly report of listed companies in 2023,The fund’s position trend also shows the tip of the iceberg. The latest three quarterly reports that have been disclosed at present show that social security funds have appeared in the top ten of a-share listed companies in the third quarter of this year.Among them, companies with relatively stable operation and performance are generally favored.

  Institutional point of view

  Guosheng Securities: It is expected that the demand for home furnishing in the peak season of "Golden September and Silver 10" will continue.

  Guosheng Securities Research Report pointed out that household consumption recovered during the 11th period, and the growth of Q4 leader is expected to accelerate. All home stores have started the "home rejuvenation consumption season" nationwide, and all regions have actively cooperated with the government to issue and undertake electronic coupons. We expect that the demand in the "Golden September and Silver 10" peak season will continue, and there is still room for improvement in the demand of first-and second-tier cities under the catalysis of policies, and the growth of home leading performance is expected to accelerate under the low Q4 base.

  Guotai Junan: The siphon effect in the beauty industry is further enhanced.

  Guotai Junan Research Report pointed out that the siphon effect of the beauty industry was significant in 2023, and it is expected that the growth rate of the Double Eleven will improve. Under the background of slow recovery of the consumption market, consumers tend to concentrate on buying when the big promotion discount is strong, so the siphon effect of the beauty market in 23 years has been further enhanced. Specifically, the growth rate of brands in Q1 and Q3 has dropped significantly in the off-season, but the head beauty companies in Q2 have made marginal improvements under the catalysis of 618. We expect that the beauty industry is expected to see an improvement in growth rate under the catalysis of the annual big promotion and double eleven.

  Dongguan Securities: The pharmaceutical sector is at a relatively low valuation in the past decade, and the sentiment of the sector continues to pick up.

  Dongguan Securities Research Report pointed out that the over-allocation rating of the pharmaceutical and biological industries should be maintained. The diet medicine industry chain has driven the plate sentiment to continue to pick up. In the sub-edition, GSK is the exclusive agent of Zhifei Bio.The heavy products of herpes zoster are good for stimulation, and the vaccine sector is among the top gainers this week. At present, the pharmaceutical sector is at a relatively low valuation in the past decade, and the sentiment of the sector continues to pick up. We can be moderately optimistic about the current position of the sector, and follow-up suggestions are to pay attention to structural opportunities such as diet pills industry chain, innovative drugs and medical services. The concerned sectors include medical equipment: Mindray Medical, UIH Medical and Australian-Chinese Endoscopy. Pharmaceutical business: Yifeng pharmacy, Dashenlin, Yinxintang. Medical beauty: Aimeike, Huadong Medicine, etc. Chinese medicine: China Resources Sanjiu, Tongrentang, Yiling Pharmaceutical; Innovative drugs: Hengrui Pharma, Huadong Medicine, etc.

  Zheshang Securities: It is expected that monetary policy will continue to be loose.

  Zheshang Securities Research Report pointed out that the total amount of credit was stable in September, but the resilience of the structure was relatively weak. We believe that China’s economy is still in a weak repair period, and credit data is still driven by "supply". Relevant policies are still needed to continue to pull "demand". As of September, we estimated that the excess savings balance of residents was 7.27 trillion yuan, an increase of about 93.7 billion yuan over the previous month, and continued to accumulate. In September, both the growth rates of M2 and M1 dropped, and the growth rate of M1 dropped to 2.1%, which means that the economic vitality still has room for repair. Generally speaking, we expect monetary policy to continue its loose tone, but the broad currency may converge and the focus will shift to broad credit. For large-scale assets, it is expected that China’s fundamental policies may be gradually strengthened, stocks attach importance to cyclical investment opportunities, and bonds remain volatile.

  Ping An Securities: Structural warming characteristics are heating up.

  Ping An Securities Research Report pointed out that A shares continued to consolidate last week, and the performance of electronics and automobile industries was relatively dominant, with obvious structural recovery characteristics. On the whole, although the short-term overseas risk disturbance still exists, the direction of marginal improvement of domestic economy and sustained efforts of policies has not changed, and the cost-effectiveness ratio of A-shares that have been adjusted to the relatively bottom area will gradually emerge in global risk assets. Structurally, it is suggested to continue to pay attention to the pro-cyclical dividend strategy, the pharmaceutical sector with a warmer market sentiment, the automobile sector with a rebound and transformation, and the TMT sector under the wave of technological trends.

  CITIC Securities: Continue to pay attention to Huawei’s industrial chain and the "Kunpeng+Shengteng" ecology.

  Citic Securities Research Report pointed out that overall, the global semiconductor boom has gradually bottomed out in Q2 this year. In September, the launch of Huawei+Apple’s new machine is expected to drive a new wave of rotating machines, and Q3 will start to consume electronics or enter the traditional peak season. The bottom of the memory chip cycle is clear, and DRAM/NAND welcomes the price increase; The performance of digital chips is divided, the downstream demand such as mobile phones and PCs is gradually recovering, and the demand related to AI is in an explosive growth stage; Analog chips are still waiting for the recovery of downstream demand, and the industry is under short-term pressure. Breakthroughs in core "stuck neck" links such as chips also boosted market confidence. In the short and medium term, it is suggested to continue to pay attention to Huawei’s industrial chain and the "Kunpeng+Shengteng" ecology. In the long run, the upstream high-end equipment, parts and materials will be the most direct beneficiaries of domestic alternative logic. Follow-up should continue to pay attention to Huawei’s shipments, chip yield, orders and further restrictions in the United States.

  GF Securities: Social integration was acceptable in September, and it is expected to continue to be repaired this year.

  GF Securities Research Report said that the current market pricing impact clues are more complicated and diversified; Objectively speaking, the social integration data in September is still relatively positive. Looking back, the total amount of social integration still has the kinetic energy to be further repaired during the year. First, the central bank’s meeting on August 18th explicitly demanded that "major financial institutions should take the initiative and increase the lending, and state-owned banks should continue to play a pillar role", which is obviously different from the "moderate total amount and steady pace" at the beginning of the year. Second, corporate bonds have a low negative feedback base in the bond market in the fourth quarter of last year; The third is the stock mortgage.After the adjustment, the early repayment behavior of residential departments may be reduced; Fourth, a new round of debt securitization may bring about some social integration increments. The social financing structure may also be optimized, and long-term loans in the enterprise sector may be affected by debt conversion, but the actual financing demand should not be too bad in the environment of profit recovery and centralized issuance of special bonds.

  China CITIC Construction Investment Co., Ltd.: Huawei’s cross-border orders continue to exceed expectations, and related industrial chains are expected to benefit.

  Citic Jiantou pointed out that the latest data of the Association showed that the wholesale sales volume of passenger cars in September was 2,451,700, +6.8% year-on-year and+9.6% quarter-on-quarter; Retail sales were 2,018,500 vehicles, up +5.0% year-on-year and+5.0% quarter-on-quarter; The wholesale of new energy passenger cars was 829,000, +23.0% year-on-year and +4.2% quarter-on-quarter, corresponding to the electrification penetration rate of 33.81%; On September 25-30, it retailed 128,600 vehicles, which was-5% year-on-year; Wholesale 153,500 vehicles, -6% year-on-year, and the wholesale end weakened slightly year-on-year. Recently, the new M7, Tucki G9, Zhiji LS6 and other models have been put on the market, and the price bands have dropped significantly. Among them, the new M7 car in the world of inquiry has a high degree of attention. On October 6th, the world of inquiry revealed that it had definitely exceeded 50,000 units, because its own products were strong and coincided with the high attention of Huawei’s mobile phone brand, and the M7 car in the world of inquiry spread in circles. The order of the intelligent driving version exceeded 60%, and the user’s cognition and acceptance of high-level intelligent driving was significantly improved. The automobile supply chain in Wenjie is improving its production capacity, and the parts with high value and high share are expected to benefit.

  CICC: Focus on three main investment lines in combination with the results of the third quarterly report.

  The research report of CICC believes that three main investment lines should be paid attention to in combination with the performance of the third quarterly report. As the profitability of listed companies is expected to improve marginally, compared with the first half of the year, it is suggested to increase the allocation weight in the fields of performance cashing and fundamental improvement. At present, high-growth areas are still relatively scarce, so it may be an important investment idea to grasp the fundamental inflection point and repair elasticity. In the stage of performance forecast and report disclosure of the third quarterly report, we should focus on: 1) the booming areas where the performance of the third quarterly report may exceed expectations or improve month on month. 2) The sub-sectors of scientific and technological growth that conform to new technologies and trends and have industrial catalysis, such as communications, semiconductors, consumer electronics, etc., which are expected to benefit from industrial autonomy and their own industrial prosperity improvement, and the pharmaceutical organisms that have been adjusted more in the early stage and have marginal mitigation expectations in industrial policies are also worthy of attention. 3) The improvement of demand, the improvement of supply pattern such as inventory and production capacity, and the areas with strong performance flexibility are worthy of attention, such as liquor, auto parts and upstream resource industries.

  Donghai securities: All-vanadium flow battery meets the development opportunity

  Donghai securities Research Report pointed out that the safety of energy storage power stations requires the development trend of superimposed long-term energy storage, and all-vanadium redox flow batteries meet the development opportunity. The high installed capacity of wind and solar energy has improved the demand of new power system for consumption, peak regulation and frequency modulation, superimposed with the implementation of relevant domestic storage policies, and the long-term trend of energy storage has become increasingly clear, and the long-term energy storage route such as all-vanadium redox flow battery has a good opportunity for development. At present, the life cycle cost of vanadium battery is better than that of lithium battery and sodium battery. Marginal cost decreases with the length of energy storage, and the cost advantage is prominent in the long-term energy storage market. In addition, the construction period of vanadium battery is short, the floor space is small, the site selection is not limited by natural resources, and it can flexibly adapt to all sides of the source grid load and has stronger adaptability to wind and solar installations. At present, the industrial chain of vanadium batteries has basically formed, and the market demand needs to be released urgently.

  Hua Fu Securities: The quarter-on-quarter improvement of some tracks in the chemical industry is worth looking forward to

  Hua Fu Securities Research Report pointed out that the third quarterly report was disclosed in October, and the quarter-on-quarter improvement of some tracks in the chemical industry is worth looking forward to. Looking to the future, it is necessary to actively grasp the profit release and high profit under the background of high prosperity of traditional energy (coal-crude oil)The high dividend effect brought by low valuation, while actively tracking the changes in the sub-track. It is suggested to pay attention to: 1) energy security: China’s special estimate, abundant cash flow & stable dividends; 2) Middle and lower reaches: refining and chemical industry, tires, chemical fiber, fluorine chemical industry, coal chemical industry, agrochemical products (leading compound fertilizer), membrane materials, real estate infrastructure materials (alkali, titanium dioxide, silicone rubber, paint, etc.), modified plastics, dyes, civil explosives and surfactants; (3) New materials: high-end polyolefins and catalysts, aerogels, high-end carbon black, OLED luminescent layer materials, semiconductor and lithium battery materials, aviation and special ship materials, sweeteners and bio-based materials.

  Orient securities: The medical demand is rigid, and the long-term trend of the industry is improving.

  Orient securities Research Report pointed out that in the long run, medical insurance fee control and normalized centralized purchasing will continue, and enterprises need to choose new varieties and fully grasp the clinical needs. Therefore, we are optimistic about enterprises with real innovation ability, and suggest focusing on the demand opportunities at the product end. In terms of medical devices, the conventional diagnosis and treatment continues to resume the marginal relaxation of the superposition policy, and the plate is expected to usher in Davis’ double click. It is recommended to pay attention to Mindray Medical, Sanyou Medical and Bairen Medical. In terms of innovative drugs, research and development continue to be promoted under strict review, and attention should be paid to cutting-edge clinical progress. It is suggested to pay attention to Hengrui Pharma, Jingxin Pharmaceutical and Kangchen Pharmaceutical. In terms of CXO, the industry prosperity is expected to improve marginally, which has the bottom investment value. It is suggested to pay attention to Sunshine Nuohe, Wuxi PharmaTech and Kanglong Chenghua.

  Open source securities: coal prices fluctuated at a high level, and stable performance and high dividends made the valuation cost-effective prominent.

  The open source securities research report pointed out that we maintain the logical recommendation of high winning rate and high margin of safety for the coal sector, and both offensive and defensive: from the perspective of high winning rate, high dividends have gradually been favored by capital market funds, and high dividends for coal enterprises have become a major trend; At present, the steady growth policy is introduced and exceeds expectations, and coal stocks will also become offensive varieties. As an upstream resource link, it will inevitably be boosted by downstream demand, reflecting the price increase. In terms of safety, we believe that the valuation of coal stocks has been at the bottom of history, PE valuation is 5-6 times of the performance in 2023, and the PB-ROE method is used to analyze that coal stocks have a high ROE, but Pb is greatly discounted, and the value of coal enterprises is underestimated. Beneficial targets with high flexibility, high dividends and growth: mountain coal international, Yankuang Energy and Shanxi Coking Coal; Beneficial targets of steady and high dividends: China Shenhua and Shaanxi Coal Industry.

  Guohai Securities: Adhere to AIGC Main Line+Cinema Line+Low Valuation Main Line.

  Guohai Securities Research Report pointed out that there was a temporary adjustment in September due to the poor box office performance caused by the empty window of supply and the expected landing of the interim report. The economic recovery is superimposed on the emotional recovery of watching movies, optimistic about the performance elasticity of the film and television sector; The normal distribution of the game sector and the new product cycle are expected to release profits. At the present stage, we are still optimistic about the application of AIGC in the media industry. Media companies have the advantages of users, scenarios and data. In the future, cooperation with large model manufacturers is expected to improve content production efficiency, enhance experience, accelerate industry innovation, and continue to pay attention to the application development of games, IP, marketing, e-commerce, education, film and television. At present, we adhere to the strategy of AIGC mainline+cinema line+low valuation leading stock selection. We believe that AIGC is expected to bring a new round of content productivity revolution.

  Shanxi securities: optimistic about the performance of gold and jewelry enterprises in the third quarterly report

  Shanxi Securities Research Report pointed out that from the report point of view, we continue to be optimistic about the performance of gold and jewelry enterprises in the third quarterly report, driven by the Qixi Festival in August and the franchisees actively stocking in September. From the perspective of follow-up demand, after a short-term rapid decline, gold prices have started to rebound, and both international gold prices and domestic gold prices have rebounded. Continue to be optimistic about the relative prosperity of the gold and jewelry industry in optional consumption. In the medium and long term, we are still optimistic that the progress of gold technology will continue to stimulate young consumers to satisfy their needs. It is suggested to pay active attention to Zhou Dasheng, Lao Fengxiang and Chao Hongji.

  Central china securities: Pay attention to the film and television, games and advertising sectors with rising prosperity.

  Central china securities Research Report pointed out that the overall performance of the media sector rebounded in the first half of the year, and the fundamentals showed an improvement trend. Although some sub-sectors once experienced short-term performance pressure, there is a greater possibility of improvement in the future. Q2′ s film, television, advertising and book sales have been well restored. At the same time, since the end of Q2, the market scale of film, television, advertising and games has improved, and the demand for cultural consumption and advertising has rebounded, which is expected to support the performance of Q3′ s media sector and continue into Q4. In the medium and long term, we will continue to pay attention to the new changes brought by AIGC technology to the industry, including the changes of content production mode, the innovation of commercial realization mode, the revaluation of industrial chain value and the changes of competition pattern. It is suggested to pay attention to the film and television, games, advertising and publishing sectors with strong defensive attributes, and pay attention to the performance of key companies in the third quarter recently disclosed.

  China Post Securities: The short-term A-share environment is intertwined and will continue to fluctuate and grind the bottom.

  China Post Securities pointed out that short-term A-shares will continue to fluctuate and grind to the bottom in the face of mixed environment. The industry configuration recommends the scientific and technological direction represented by electronics, automobiles and medical biology, and can pay attention to bank insurance in the short term. The fundamentals of the domestic economy are improving, but the trend of strong recovery has not yet been determined. We will continue to recommend the science and technology sectors with improved winning rate due to risk preference, mainly including automobiles and electronics related to Huawei’s smart driving concept, as well as medical organisms driven by the development trend of diet pills industry and key products going out to sea. Bank insurance will have a certain comparative advantage in short-term because of the public increase in Huijin’s secondary market and overseas risks. In the medium and long term, it is suggested to pay attention to three main lines. The first category is the target related to the decline in the potential growth rate of macro-economy and the decline in macro-economic capital expenditure, which mainly corresponds to high dividend assets. The second category is the science and technology sector with independent research and development as the main line, such as Huawei’s industrial chain and semiconductor equipment. The third category is the global distribution enterprises deeply involved in the global industrial division of labor, such as consumer electronics, automobiles, medicine and machinery.

Why is the weather foggy in Hunan recently?

(On the morning of January 10th, there was foggy weather in downtown Changsha. Correspondent photo)
Hunan Daily All-Media Reporter Xiao Xiufen Correspondent Lin Cheng
At 6 o’clock on January 10, the Provincial Meteorological Observatory continued to issue a yellow warning of heavy fog. This morning, heavy fog appeared in 13 cities and States in Hunan, and there were strong fog in some areas. The visibility was less than 200 meters.  
For two consecutive days, there have been different degrees of foggy weather in many places in our province. What is the reason behind the foggy weather? How long will this weather last? Hunan Daily reporter interviewed Tang Minghui, chief forecaster of the Provincial Meteorological Observatory.
"At present, the fog in Hunan is mainly radiation fog." Tang Minghui introduced that fog refers to a visible aggregate of a large number of tiny water droplets (or ice crystals) suspended in the atmosphere close to the ground. There are mainly two kinds of radiation fog and advection fog, and radiation fog mostly appears in the clear autumn and winter night or early morning when the wind is weak, and the fog will dissipate 1 to 3 hours after sunrise or after the wind is strengthened.
Why is foggy weather frequent recently? Tang Minghui explained that due to the frequent change of sunny and rainy days in our province recently, especially after it turns sunny, the temperature near the ground drops, and the water vapor content in the air exceeds the saturated water vapor, the excess water vapor will condense out and form small water droplets or ice crystals suspended in the air, which reduces visibility and forms fog. He predicted that fog would still appear in parts of western Hunan and northern Hunan on the morning of the 12th and 13th.
Meteorologists reminded that it is now in the season of frequent fog, and it mostly happens in the evening or the next morning when the rain stops and clears after cold air. Everyone should pay attention to the weather forecast in advance and plan their trip reasonably.
Reporting/feedback

China football goes out again.

Hello, I’m Lu Snake, and today I’m going to talk about football in China!

Speaking of China football, the most important thing recently is that the Football Association has a new head-Song Kai. As a football fan in China, I think this is at least a positive signal, because it shows that the football community in China is trying to improve its own problems and promote the development of football in some way.

Historically, the development of football in China has been plagued by various problems, including mismanagement and corruption. Therefore, changing the president of the Football Association can bring new ideas and directions for the development of football, help solve these problems and promote the healthy development of football in China.

After the new president takes office, he may take a series of measures to improve the football situation in China, including strengthening management, promoting professional development, strengthening the construction of youth training system and improving the quality of coaches and players. From the recent developments of the new head of the Football Association, we can also get a glimpse of it. Then, next, I will sort out the recent events that seem to me to be more important.

  1. Debut: "Take youth training as a top priority"

On November 22nd, the second leg of the U15 final in China Youth Championship was held in Weifang, Shandong Province. Football Association President Song Kai, Vice President Xu Jiren and Secretary-General Yuan Yongqing appeared together.

The newest Football Association’s leadership team, which made its first collective appearance, chose youth football matches, fully expressing its attention to youth football. In the words of Song Kai, "China Football Association should take youth training as a top priority." How can we improve the quality of youth training? Song Kai mentioned, first of all, "let the best coaches do youth training", "I have been doing the three big balls in Liaoning for a long time, so I can do some guidance from the policy and system, such as improving the treatment of echelon coaches. In the process of children’s growth, a more competitive competition system is established. "

  1. Meeting with AFC President, breaking ice in football foreign affairs.

Song Kai, President of China Football Association, who just arrived in Doha, Qatar, met with Salman, President of AFC, who was also attending the 2022 AFC Awards Ceremony. This is the first time that Song Kai has face-to-face communication with the president of the Asian Football Association as the president of the China Football Association, and it also marks the beginning of the new China Football Association to break the ice for football foreign affairs and take an important first step.

It is understood that during the meeting, Salman reiterated to Song Kai that the AFC will continue to cooperate with the China Football Association to support them in revitalizing football in China.

Subsequently, in its important position in official website, the AFC focused on the meeting between Song Kai and Salman with the title "AFC President praises the football development in China". The AFC quoted Salman as saying: "The AFC will unswervingly strive to make football the number one sport in the Asian continent. I believe that China Football Association can help China football to a higher level under the leadership of President Song Kai. We will also work together for this. " Salman also said: "What is exciting is that we see the determination of the new leadership of China Football Association to develop football and promote the progress of football in China. Football still has great development potential in China. "

  1. Study and open the foreign aid policy of the Super League to increase the appreciation of the league.

After Song Kai took office, in view of the situation of the Super League, he said that he would strive to create a professional league that people are satisfied with, and study the foreign aid policy of opening the league against the AFC. At present, the foreign aid policy of the Super League is 654, and his new policy is expected to be "51", that is, five non-nationals and one Asian foreign aid can play at the same time. The implementation of this policy will increase the internationalization and fierce competition of the league, attract more excellent players to China, improve the competitiveness of the league, and at the same time, improve the enjoyment and entertainment, so that fans can enjoy more exciting games.

Finally, I hope the new president can take effective measures to promote the healthy development of football in China, so that we fans can pay more attention to the future of football in China with pride.

If you have any expectations for China football or what do you think of the new head of the Football Association, you are also welcome to leave a message in the comment area for discussion.

One person, one city! Brother Alphabet is guaranteed again. Brother Alphabet won’t leave. He may die a stag.

In 23 playoff games, averaging 0.6 points and 0.6 rebounds, our hero Sa Narcisse-Adetokunbo has signed another contract with Bucks a few days ago, which is a fully guaranteed contract with a basic salary of one year, which means that Brother Alphabet is about to start his fifth season in NBA career.

As the second round show in 14 years, Brother Letter didn’t land in the NBA until 19 years, and it was the Bucks team where his brother was located that brought him to the highest stage of basketball. Since then, Brother Letter has never been separated from Brother Letter. So far in his career, Brother Alphabet has only played 8.4 minutes per game in the regular season, almost all of which is garbage time, before going up to play. Looking at the playoffs, it averaged 3 minutes in 23 games. There is no doubt that it has made no contribution to the Bucks’ championship journey, at least on the court.

It’s no wonder that the letter brother likes to mention the nickname of the related family, and the former Buck reporter GeryWoelfel.

Double happiness! The top foreign aid announced his return to the Liao basket, and Cousins was close to joining forces with Guo Ailun.

Their tactics on the court are always confusing, and they have never played cards according to the routine. They have not changed much in the team lineup next season. There is no doubt that if there is no accident, it will reach the finals. Yang Ming, the head coach of the team, praised his players in front of the media many times and said that their efforts behind the scenes will never be seen by you. Recently, there is good news for the Liaoning basketball team. According to relevant insiders, the Liaoning men’s basketball team is in contact with Cousins, the first center of the NBA. The Liaoning team will probably sign Cousins. Once Cousins joins the Liaoning men’s basketball team, he will dominate the inside of the CBA, and no team can stop the Liaoning men’s basketball team from winning the championship.

1:0,5:1! Sad night in football: Gunner Bayern Barcelona lost, Milan won, and Manchester City won.

From the evening of May 20th to the early morning of 21st, Beijing time, the five major leagues in Europe launched the latest round of competition. Manchester United, Liverpool, Arsenal, Bayern Barcelona and Milan joined forces to attack, and the result was naturally mixed. Arsenal upset Manchester City to defend the Premier League title ahead of schedule; Liverpool struggled to get 1 point and basically bid farewell to the Champions League; Bayern lost the first place in the league.

Liverpool 1: 1 Villa

Recently, Liverpool has won seven consecutive victories in the league and continued to retain the hope of competing for the Champions League seat. However, in this round, Liverpool was stubbornly attacked by Villa who also competed for the European seat. Konate sent a penalty in the first half, but Watkins missed the penalty directly, but in the 27th minute, Liverpool still lost the ball, Douglas-Lewis crossed the right rib, and Ramsey pushed the ball from the back of the penalty area to break the deadlock. The backward Liverpool immediately counterattacked, but there was no bright spot on the offensive end. In the second half, klopp directly changed into jota and firmino, thus changing into four strikers.

In the 89th minute, Uncle Zha’s change of array finally paid off. Elliot divided the ball to the right, Salah crossed the outside instep, and firmino hit the front point successfully, 1: 1! It is worth mentioning that this is firmino’s farewell game at Anfield, and he will officially leave Liverpool at the end of the season. The Red Army, which scored only one point, has a high probability of missing the Champions League next season, and Manchester United and Newcastle only need one point to completely lock in the top four.

Bournemouth 0-1 Manchester United

Liverpool struggled to draw with Villa, which made Manchester United see the opportunity. Against Bournemouth, who had already relegated ahead of schedule, the Red Devils successfully scored 3 points. In the 9th minute of the first half, Eriksson picked the ball from the left to the restricted area, and Seneximen’s error in clearance turned into an own goal. casemiro then inserted a golden hook that turned around at close range to meet the ball and scored the only goal in the whole game. Manchester United, which has scored 3 points, has tied the third Newcastle, and at the same time, it is one more round than Liverpool. As long as the remaining two rounds score 1 point, Manchester United can return to the Champions League.

Nottingham Forest 1: 0 Arsenal

After losing to Brighton in the last round, it is difficult for Arsenal to continue to pose a threat to Manchester City. Even if they lose to Nottingham Forest in this round, Manchester City will win the championship three rounds ahead of schedule. As the saying goes, when facing the forest, the gunman was in no state in the whole game. Arteta changed into three defenders, which directly led to no threat on the offensive end, and the defense was also full of loopholes. In the 19th minute, Odegard made a mistake in the frontcourt return, Gibbs White successfully broke the ball and pushed forward the counter-attack direct pass on the spot. Avonii grabbed the shot into the net before Ramsdale attacked and scored the only goal in the whole game.

Due to the failure to score 3 points, the Gunners were still 4 points behind Manchester City in two rounds. For this reason, the Blue Moon locked the Premier League title three rounds ahead of schedule before playing this round. This is Guardiola’s third consecutive championship in the Premier League and the fifth time that the Blue Moon won the championship in six years.

Bayern 1: 3 Leipzig Red Bull

As the defending champions of the League, Bayern’s situation is much worse than that of Manchester City. In the past, the Bundesliga champion in every year was basically Bayern’s bag. However, Nandawang’s state fluctuated this season, and the introduction of new aid such as Mane failed to integrate into the team. It was even more controversial to dismiss nagel Mann, and tuchel failed to improve Bayern’s state in time after taking office. In this round, against Red Bull Leipzig, which is aiming for the Champions League seat, Bayern took the lead in the first half by Gnabry, and the situation changed suddenly in the second half. Bayern lost three goals in a bizarre crash in 20 minutes. First, Lemor pushed and shot to equalize the score, pawar and Mazravi sent out penalty gifts one after another, Nkunku and Szoboszlai took penalty kicks respectively, and Bayern suffered a 1-3 reversal and lost. As long as Dortmund takes all 3 points in this round, Bayern will hand over the first position in the league.

AC Milan 5:1 Sampdoria

Bayern still has a glimmer of hope for the title. Milan, as the defending champion of Serie A, withdrew from the title race early, and may not even participate in the Champions League next season. The Rossoneri recently suffered a four-game losing streak and suffered a direct double-line rout. They not only handed over the initiative to compete for the title, but also were eliminated by Inter Milan in the semi-final of the Champions League. In this round, facing the demoted Sampdoria, the Mariners unfortunately became the vent. In the first half, Leo took the lead in breaking the deadlock and Quagliarella equalized the score. In the 23rd minute, Diaz sent an assist again, and Gill headed the ball beyond the score again. Six minutes later, Leo made another penalty, and Gill scored twice.

In the second half, Tonali assisted Diaz to add icing on the cake, and Leo sent an assist to help Gill complete a hat trick. This is the first time in Milan’s two seasons that a player has scored three goals in a single game. Milando, which scored 3 points, was 1 point behind Lazio, which ranked fourth in the first round. If you want to be in the top four, you need the Biancocelesti to continue to lose points.

Barcelona 1:2 Royal Society

Barcelona, who just won the championship in the last round, returned to the home court to face the Royal Society. Unexpectedly, it was smashed by the "social brother". Only 5 minutes after the opening, Comte was accidentally intercepted with the ball in the backcourt. Sollott stole the ball and then pushed back and made a selfless cross into the restricted area. merino pushed and broke the deadlock without being watched. In the 72nd minute of the second half, De Jong’s frontcourt holding organization was also intercepted. Kubo Jianying held the ball on the spot to push the counter-attack, Su Weimendi hit the middle, and Sollott faced the attacking Ter stegen with one hand and easily pushed to expand his advantage. In the 90th minute, Phelan Torres got rid of the right and sent a cross. Levan headed back a city, but it could not save Barcelona’s defeat. In the end, Barcelona lost 1-2 at home, and the unbeaten gold body of the season league was broken.

Italy’s 17-year-old striker has attracted the attention of many giants, but he was given up early in AC Milan.

Born in 2006, Caprini, a young Italian striker, has performed well in various competitions this season and has scored nearly 20 goals so far. His rich potential and excellent finishing ability have attracted the attention of many European giants such as Juventus, Atlanta, Paris Saint-Germain and Barcelona, and he intends to throw an olive branch to them this summer.

Caprini, who is currently playing for the Fiorentina Youth Team, joined the youth training system of AC Milan in 2015. Unfortunately, it was not long before the attacker with Italian, French and Guinean ancestry was considered unable to gain a stable foothold in the team, and was officially abandoned by the Rossoneri in 2017.

However, the player didn’t give up his efforts. Later, he moved to Novara, Entella and other teams to prove his strength. Last summer, he was able to join the well-qualified Fiorentina youth team, becoming the top scorer in the U17 youth team, and once again realized his football dream. With his excellent performance, he has also been called up by the Italian youth team, and his development prospects are promising.

Perhaps AC Milan will feel a little regret after seeing the development of Caprini. However, at that time, the Rossoneri were in the most turbulent time of the team, not only the record of the first team was erratic, but also the club did not have much energy to invest in the training and construction of the youth echelon. With the entry of Elliott Group and Hong Niao Capital, they have paid more attention to finding outstanding young players, and many outstanding young talents have emerged in the past few years.

Colombaud and Nasti are the best young shooters trained by AC Milan at present. The former is being loaned out to Maleche, which is promoted to Serie B, for exercise, while the latter has officially entered the stage of the adult team in Serie B team cosenza this season, both of which have played well. The younger Kalmada is also growing steadily, and they are expected to wear the first-team shirts of the Rossoneri in the future and go into battle at the San Siro Stadium.