变形计
China expands visa-free entry for Kyrgyz, Vietnamese citizens_我的网站
A | (ECNS) -- China has extended 240 hour transit visa free and 30 day Hainan visa free entry to citizens of Kyrgyzstan and Vietnam starting Thursday, the National Immigration Administration said. With these additions, the number of countries covered by China’s 240-hour transit visa-free policy rise to 57, while the 30-day visa-free entry policy for south China’s Hainan Province cover citizens of 61 countries. Kyrgyz and Vietnamese citizens with ordinary passports and confirmed onward tickets may enter through 65 designated ports, including Beijing and Shanghai, and stay up to 240 hours in approved areas. They may also enter Hainan visa-free and remain within the province for up to 30 days. Travelers entering China under the two visa-free policies may engage in short-term activities such as tourism, business, visiting relatives and friends. Those coming to China for purposes requiring prior approval, including employment, study and news reporting, must obtain the appropriate visas before entering the country. (By Gong Weiwei) 
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B | 国资委提出合并时机恰当，但阻力大。
C | 中汽协和工信部接连反对无序“价格战”，我们从美国历史3次价格战反观中国当下价格战。
商务部关注“零公里二手车” 产能过剩是根本原因。魏建军点名批评“零公里二手车”怪象，扰乱市场秩序。2025年6月3日美股盘前，蔚来汽车发布2025年一季度财报，披露上述数据。北京时间6月3日晚，蔚来公布2025年第一季度财报。公司一季度交付42094台，同比增长超40%；一季度营收超120亿元，同比增长超21%；一季度整车毛利率10%；二季度交付指引7.2万台至7.5万台，同比增长25.5%至30.7%，二季度交付预计环比大增71%—78%。汽车销量：未完成一季度目标一季度，蔚来汽车交付4.2万辆，同比增加40.1%、环比42.1%；同期，汽车销售额同比增长18.6%、环比减少43.1%。蔚来汽车为2025年设立的销量目标是44万辆，一季度仅完成不到1/10。
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汽车收入：再次低于市场预期单车收入本季度23.6万，环比下滑0.4万元，又来到了历史新低，且低于市场预期的24.1万，但蔚来一季度由于对老款库存车折扣加大+L60占比环比提升的车型结构的负面拖累，可以理解。
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本季度在手现金大幅下滑，速度之快令人惊讶本季度蔚来在手现金仅260亿，环比上季度下滑了有159亿元，这种下滑幅度如此之快超出市场预期。短评：在没有新一轮融资的支持下，蔚来在手现金已经不够支持公司运营一年。
F | 虽然二季度是有边际改善的确定期，但过了2季度，蔚来销量维稳又面临新一轮问题，尤其在5566改款力度很小，蔚来的毛利率能支撑降价空间有限，而乐道L90+L80显然也不是走量车型，但蔚来已经没有再试错的机会。
一旦蔚来销量在三季度又开始呈现继续下滑趋势，乐道L系列再失败，如果没有外部输血，股东自发融资等手段，卖车力度不足以自救的话，资金流有断裂的风险。
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Published on:10:05:40