Zuckerberg and Musk are facing each other online? It's not a joke! Not short of money? Announcement of Trillion Year Interest Free Lending to Employees to Buy Houses by "Ningwang" | Employee | Ningwang

This holiday is not peaceful either.

According to the well-known technology media The Verge, the world's two billionaires, Zuckerberg and Musk, have recently clashed and even made an online booking, stating that they want to touch each other in real life, and this is not a joke.

The trillion dollar "King of Ning" - Ningde Times released multiple announcements on the night before the Dragon Boat Festival, among which the company plans to provide employees with an interest free loan with a maximum loan term of ten years, up to 0.3% of the audited net assets of the past period, to support employees in purchasing self occupied commercial housing. The announcement has attracted market attention.

In addition, CATL also announced plans to use idle raised funds of no more than 7.8 billion yuan for cash management.

The two "actions" of "Ning Wang" attracted investors to call directly on Internet cafes, "How good is this?". In terms of market performance, Ningde Times closed down 1.36% on June 21 at a closing price of 224.91 yuan per share, with a latest total market value of 988.8 billion yuan.

Zuckerberg and Musk online booking

According to the well-known technology media The Verge cited by Fast Technology, the world's two billionaires, Zuckerberg and Musk, have recently teamed up to hold a "Steel Cage" competition.

The cause of the incident is very simple. Recently, Musk tweeted that he was willing to engage in a "cage fight" with Zuckerberg. Zuckerberg responded to the message by posting a screenshot of Musk's tweet on INS with the words "tell me the location". Musk responded to a netizen's tweet on Twitter, saying, "If this is true, I will do it."

Afterwards, Meta spokesperson Iska Saric told the media that it had been confirmed that Zuckerberg's response was not a joke.

The contradiction between Zuckerberg and Musk has a long history, with the most acute being the part about the metaverse. In 2021, the two also publicly clashed, with Zuckerberg stating that Meta would become the leader of the metaverse, but Musk mocked Meta on Twitter as sounding like a "demonic cult.". Recently, Zuckerberg also revealed that Meta will launch a direct competitor to Twitter and shared more details, stating that it wants to create a "rational Twitter". Musk publicly mocked this idea, undoubtedly exacerbating the conflict between the two.

So if the two really pinch each other, who has a higher chance of winning? The Verge also provided his own analysis: Musk, who is 51 years old, has a better physique than Zuckerberg, and he once talked about participating in "real hardcore street fights" when he grew up in South Africa; 39 year old Zuckerberg is an ambitious combatant who has won a jujutsu competition and claims to have completed a grueling "Murph Challenge" training in less than 40 minutes recently.

At the same time, the media stated that regardless of who will win this game, we can all agree that this game between Musk and Zuckerberg will be the most interesting one in history, and it needs to happen. Don't back down now, go Musk!

"Ning Wang" interest-free loan to employees to buy a house

On June 21st, Ningde Times announced that in order to better attract and retain the excellent talents needed by the company, and support employees in achieving a happy life, the company plans to provide interest free loans to employees.

Ningde Times stated that the total loan limit that the company can provide to employees is 0.3% of the company's latest audited net assets. Within this limit, the loans repaid by employees and the unused amount can be reused for subsequent employee loan applications. The maximum loan term shall not exceed ten years, and the specific loan term shall be subject to the loan agreement signed between the company and employees.

For the purpose of borrowing, it can be for the employee to purchase self occupied commercial housing within the city or municipality where their workplace is located, or for other special borrowing situations recognized by the company's general manager. In addition, the announcement also provides standardized explanations on the borrowing process, loan repayment, personal income tax, etc.

According to the first quarter report of 2023, as of the end of the first quarter, the owner's equity attributable to shareholders of the listed company by Ningde Times was RMB 187.907 billion. If estimated based on this, the total loan amount that Ningde Times can provide is approximately 564 million yuan.

Recently, more and more listed companies have provided interest free loans for employees to purchase houses. Wanze Shares announced in May that the company plans to provide a total of no more than 40 million yuan of interest free loans to core employees for the purchase of their first home in their workplace or property. The maximum amount of loans for a single employee to purchase a house shall not exceed 7 million yuan.

Earlier in February, Yangjie Technology announced that in order to further improve the employee welfare system, stabilize the company's outstanding talents, help talents achieve a comfortable life and work, encourage the spirit of striving, and promote the company's sustainable development, the company plans to use its own funds of no more than 10 million yuan to provide interest free loans for eligible employees to purchase houses.

According to incomplete statistics, since 2023, nearly 20 A-share companies have planned to provide interest free loans to employees to buy houses, with technology companies being the majority.

Planned to use 7.8 billion yuan for cash management

On the same evening, Ningde Times announced that the company plans to use idle raised funds of no more than 7.8 billion yuan for cash management, invest in safe and liquid principal guaranteed deposit products, and the term of use is valid for 12 months from the date of approval by the board of directors.

According to the announcement, with the approval of the China Securities Regulatory Commission, the actual net amount of funds raised by the company after deducting various issuance expenses was 44.87 billion yuan. On June 21, 2022, the sponsoring institution CITIC Securities has transferred the raised funds after deducting the sponsorship and underwriting fees to the company's designated account.

As of May 31, 2023, the amount of the company's private placement funds that have been put into use is 29.793 billion yuan, and the balance that has not been put into use is 15.087 billion yuan. That is to say, there is still 15 billion yuan of unused funds from the nearly 45 billion yuan private placement fundraising.

In fact, this is not the first time that "Ning Wang" has used idle fundraising for cash management. The announcement shows that on June 27, 2022, the board of directors and supervisors of the company approved the proposal on using some idle raised funds for cash management, agreeing to use no more than 23 billion yuan of idle raised funds for cash management.

The latest Q1 2023 report shows that as of the end of Q1 2023, Ningde Times had a net cash flow generated from operating activities of nearly 21 billion yuan.

The response to the message that "Tesla has suspended supply" is untrue

Recently, due to the news of Tesla's suspension of supply, Ningwang's stock price has fluctuated while constantly clarifying.

On the secondary market, Ningde Times closed at 224.91 yuan per share on June 21, a decrease of 1.36%. The company's latest total market value is 988.8 billion yuan.

An investor asked Ningde Times on an interactive platform, "Market rumors suggest that Ningde Times' battery has a major defect and has been temporarily suspended from supply by Tesla. Is this true?"

Ningde Times responded that the news is not true, and the strategic partnership between the company and customers has not changed. It will continue to deepen and improve.

The topic of whether there is a "serious overcapacity" in power battery production capacity, Ningde Times also stated on the Shenzhen Stock Exchange's interactive platform on June 21 that structural overcapacity has always existed, but the production capacity of different lithium battery companies varies significantly, mainly due to their technological innovation, manufacturing capabilities, management level, and other aspects. Major car companies around the world are increasingly valuing the new energy vehicle sector, and the company will continue to provide customers with the most competitive product solutions based on their different needs.

In addition, CATL also stated that the future market space for humanoid robots is vast, and the company has corresponding layout in the field of medium-sized batteries and is in a leading position in the industry. The comprehensive electrification of various fields such as medium-sized batteries, construction machinery, heavy-duty trucks, ships, and airplanes has just begun. From a long-term perspective, it will create more possibilities for the company's growth.

New energy vehicle sector welcomes policy benefits again

On June 21st, the new energy vehicle sector strengthened, with Bozhong Precision Industry hitting the limit up at 20cm. Precision Forging Technology, Aolian Electronics, Kailong High tech, and Longsheng Technology rose by over 11%. Nearly 20 stocks, including Haoneng Group, Xinshida, Southern Precision Industry, Jintuo Group, and Baoming Technology, also hit the limit up.

At the policy level, the new energy vehicle industry is once again receiving policy support. The Ministry of Finance and three other departments have issued a notice on continuing and optimizing the policy of reducing and exempting the purchase tax on new energy vehicles. New energy vehicles purchased between January 1, 2024 and December 31, 2025 are exempt from vehicle purchase tax, with a maximum tax exemption of 30000 yuan per new energy passenger vehicle; The vehicle purchase tax will be halved for new energy vehicles purchased between January 1, 2026 and December 31, 2027. The tax reduction for each new energy passenger vehicle shall not exceed 15000 yuan.

In addition to the continued reduction and exemption of purchase tax, policy support also involves optimizing the layout of charging stations. On June 19th, the General Office of the State Council issued the Guiding Opinions on Further Building a High Quality Charging Infrastructure System. The Opinion points out that by 2030, a high-quality charging infrastructure system with extensive coverage, moderate scale, reasonable structure, and complete functions will be basically built, which will strongly support the development of the new energy vehicle industry and effectively meet the charging needs of the people for travel. The proportion of commercial parking lots in cities with standardized charging conditions should strive to exceed the proportion of registered electric vehicles in cities, and the coverage of charging services in rural areas should steadily increase. The charging infrastructure technology equipment and technological innovation have reached the world's advanced level.

China International Capital Corporation (CICC) stated that the midstream industry chain of new energy vehicles is currently in a new cycle of bottoming out, with sector valuations and market sentiment leading to low levels, and fundamentals gradually entering the bottoming stage. In their view, the overall trend of the development of new energy vehicles has not changed and remains one of the industries with faster growth rates in the future; At the same time, the rapid development of new application areas such as energy storage provides support for the growth of industry chain performance, and is expected to smooth out industry cycle fluctuations and narrow cycle fluctuations.

According to a research report by CITIC Securities, in May 2023, the sales of new energy vehicles in China reached 717000 units, a month on month increase of 12.74% and a year-on-year increase of 60.2%. The new energy vehicle market is gradually returning to stable development, consumer wait-and-see sentiment has improved, and demand continues to recover. On the overseas side, the sales of electric vehicles in Europe rebounded in May, with a year-on-year increase of nearly 40% and a month on month increase of 29.76%, indicating a slight seasonal rebound in the overall electrification rate. In the long run, global new energy vehicles continue to maintain growth momentum. At this point, it is recommended to seize the opportunity of high-quality standards in the global electrification supply chain, especially BYD, CATL, and LG Chemical supply chains.