"Subsidize" New Deal Implementing New Energy Vehicles in June to Accelerate "Survival of the fittest"

  The subsidy standard for new energy vehicles has once again ushered in a major revision.

  A few days ago, the Ministry of Finance and other four departments issued the Notice on Adjusting and Perfecting the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles (hereinafter referred to as the Notice), which improved the existing subsidy policy for new energy vehicles, including subsidy standards, cruising range and technical requirements. However, the New Deal has set up a transitional period. During the transitional period before June 11th, the licensed new energy passenger cars and buses will be subsidized by 0.7 times of the previous corresponding standards, and the new energy trucks and special vehicles will be subsidized by 0.4 times. The subsidy standard for fuel cell vehicles will remain unchanged.

  Industry analysts pointed out that the new policy strongly supports fuel cell vehicles, encourages the development of high-end passenger cars, and further raises the energy density threshold requirements of pure electric passenger cars, which will accelerate the survival of the fittest of new energy vehicles and will be extremely beneficial to the entire new energy automobile industry.

  Greatly strengthen technical requirements

  Compared with the existing subsidy standards, the biggest change in the Notice is the substantial improvement of technical requirements, that is, cruising range.

  At present, new energy passenger cars are divided into three subsidies according to the driving mileage, 100&le; R<150、150&le; R < 250 and R&ge; 250, the subsidy amount is 20,000 yuan, 36,000 yuan and 44,000 yuan respectively. However, the new standards to be implemented will no longer be so general.

  Among them, the cruising range of 100&le was cancelled; The subsidy for R < 150, that is, the driving range of pure electric passenger cars is less than 150km, will not be subsidized, which will eliminate a number of A00-class cars with low technical content. At the same time, for 150&le; R < 250 is split into two files for subsidy, 150&le; R < 200 subsidy is 15,000 yuan, 200&le; R < 250 subsidy is 24,000 yuan. And the driving range R&ge; The subsidy of 250 is split into three grades, 250&le; The subsidy for R < 300 is 34,000 yuan, 300&le; R < 400 subsidy is 45,000 yuan, R&ge; The subsidy of 400 is 50,000 yuan.

  At the same time, the technical standards have also been greatly strengthened. The driving range of pure electric passenger cars is m&le; 1000kg、1000<m&le; The coefficients of 1600kg and m > 1600 kg are all lowered, and the subsidy requirements for 100 km power consumption are put forward; The fuel consumption limit of plug-in hybrid passenger cars is less than 65%.

  In the field of new energy buses, the subsidy standard has been greatly reduced. Among them, the subsidy for non-fast-charging pure electric buses was reduced from 1800 yuan /kWh to 1200 yuan /kWh, a decrease of 33%; The subsidy for fast-charging pure electric buses is reduced from 3,000 yuan /kWh to 2,100 yuan /kWh, a decrease of 30%; The plug-in hybrid vehicle is lowered to 1,500 yuan /kWh, and the decline is as high as 50%. On the other hand, the energy consumption per unit load (Ekg) is clearly required not to be higher than 0.21 Wh/km kg, and the index is improved by 12.5% at one time.

  In addition, the subsidy standard for new energy trucks and special vehicles is subsidized according to the total storage capacity of power batteries, and the part below 30 (including) kWh is adjusted to 850 yuan /kWh, down by 43.33%; The part of 30 ~ 50 (inclusive) kWh is adjusted to 750 yuan /kWh, with a decrease of 37.5%; The part above 50kWh is adjusted to 650 yuan /kWh, with a decrease of 35%.

  The real "test period" of car companies has arrived.

  "The subsidy for new energy passenger cars should be said to be the core focus of this round of subsidy adjustment. The change in the subsidy standard for a new round of new energy vehicles in 2018 is mainly in the improvement of the cruising range standard of passenger cars and the improvement of energy density. It should be said that it is a good way to promote product upgrading." Cui Dongshu, Secretary-General of the Association, said that this reflected the great support and promotion for product upgrading on the basis of the downward trend of the overall subsidy standard.

  According to the data of the Federation, according to the data of new energy passenger cars in January, according to the new standard, the subsidies for most models are concentrated at the level of 15,000 yuan, accounting for about 60%, while the vehicles with a distance of 200 km to 250 km account for about 10%. Overall, 60% of subsidies are at the lowest level. This also means that there will be greater pressure on product upgrading in the future.

  For example, in the case of GAC New Energy GE3, the subsidy during the transition period is 33,800 yuan, which will be increased to 45,000 yuan after the implementation of the new standards.

  Some analysts pointed out that the promulgation of the Notice means that the new energy automobile industry has gradually entered the post-subsidy era, and the policy is gradually guiding the market to gradually shift from relying solely on financial subsidies to truly realizing market-oriented operation, which will further aggravate polarization and eliminate some enterprises with low technical content.

  However, will the drastic adjustment of technical standards have an impact on the market?

  According to the requirements of the Notice, the new regulations set up a transition period. As of June 11th this year, new energy passenger cars and buses licensed during the transition period will be subsidized by 0.7 times of the corresponding standards, while new energy trucks and special vehicles will be subsidized by 0.4 times. The subsidy standard for fuel cell vehicles will remain unchanged.

  Cui Dongshu pointed out that the phased implementation of subsidies is very good for promoting the industry, which realizes the effective continuity of supply and demand of products sold in the market. With the introduction of this new subsidy policy, the new product design will be gradually put in place in the first half of the year. The implementation of the new subsidy policy in the second half of the year will greatly promote the product upgrading of new energy vehicles and the core competitiveness of enterprises.

  Vigorously cut off "local protection"

  In addition to improving the subsidy standards, the Notice also re-emphasized the need to break local protection and establish a unified market.

  It is clearly pointed out that all localities are not allowed to take any form of local protection measures, including but not limited to setting up local catalogues or filing, restricting the issuance of subsidy funds, repeating the inspection of new energy vehicles, requiring production enterprises to set up factories locally, and requiring vehicle manufacturers to purchase local parts and components. Where local protection acts are identified by relevant departments, the central finance will deduct the funds for charging infrastructure awards accordingly according to the circumstances. All localities should implement support measures such as exemption from restrictions, exemption from purchase restrictions, and issuance of special number plates for new energy vehicles without discrimination for new energy vehicle products listed in the Announcement of Vehicle Manufacturers and Products.

  At present, the filing system has been cancelled in some places one after another. On February 26th, the Beijing Municipal Science and Technology Commission, the Economic and Information Commission, the Finance Bureau, the Urban Management Commission and the Transportation Commission issued the "Administrative Measures for Promoting and Applying New Energy Vehicles in Beijing", which clearly cancelled the "small catalogue" of new energy vehicles in Beijing, but plug-in hybrid vehicles still cannot use the new energy minibus index to buy cars.

  At the same time, the "Notice" requires local governments to continuously increase infrastructure construction and improve the use environment of new energy vehicles. From 2018, the local purchase subsidy funds for new energy vehicles will gradually be transferred to support the construction and operation of charging infrastructure and the use and operation of new energy vehicles.

  The analysis pointed out that the release of the Notice is expected to further promote the upgrading of the entire new energy vehicle field, and at the same time optimize and ensure the smooth operation of the market in the first half of this year. It is expected that high-end electric passenger cars will usher in comprehensive and rapid development in the next year.

  ■ Related news

  A new batch of 207 models

  Enter the purchase tax-free catalogue

  A few days ago, the Ministry of Industry and Information Technology and the State Administration of Taxation published the Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Tax (the sixteenth batch), which was also the first batch of new energy vehicles exempted from purchase tax in China in 2018. A total of 207 vehicles were shortlisted, including pure electric, plug-in hybrid and biofuel cell vehicles.

  In terms of electric vehicles, a total of 49 pure electric passenger cars were shortlisted, including GAC New Energy, BYD, GAC New Energy, Haima Automobile and Jianghuai Automobile. There are 72 models of pure electric buses, including Beiqi Foton, Jinlong and Dongfeng Motor. There are 64 types of pure electric vehicles, including Dongfeng Motor, BYD, Universiade, and so on.

  In terms of plug-in hybrid power, 14 passenger car models were shortlisted, including GAC Mitsubishi, SAIC, Geely Automobile, etc., including BYD Tang, GAC Mitsubishi Qizhi, Emgrand PHEV and Sonata PHEV, which are popular in the market; In terms of passenger cars, there are 6 finalists.

  Judging from the cruising range of these new energy vehicles, the overall growth continues, especially for pure electric vehicles. The data shows that the average of the 14th batch of pure electric passenger cars in China is 248km, while the 16th batch of catalogues released this year is 256km, with an average of more than 250km. The cruising range of new pure electric vehicles is greatly improved.

  Nanfang Daily reporter Guo Xiaoge

The vice chairman of Inner Mongolia Autonomous Region has lost his other post, which you can’t imagine.

  CCTV News:At 9: 00 a.m. on April 25th, 2018, a brand-new working day just started. The website of the State Supervision Commission of CPC Central Commission for Discipline Inspection released a message: Bai Xiangqun, vice chairman of the Inner Mongolia Autonomous Region Government, was suspected of serious violation of discipline and law and accepted the disciplinary review and supervision investigation by the State Supervision Commission of the Central Commission for Discipline Inspection.

  Hit another tiger! This is the third middle-ranking cadre who has been dismissed since the establishment of the State Supervision Commission on March 23rd. The first two are Wang Xiaoguang, Vice Governor of Guizhou Province, and Lai Xiaomin, Party Secretary and Chairman of China Huarong Asset Management Co., Ltd..

  Bai Xiangqun became the first tiger in Inner Mongolia since the 19th National Congress, the fifth tiger in Inner Mongolia since the 18th National Congress, and the 10th middle-ranking cadre in 2018. It is worth noting that in February 2013, at the first session of the 12th National People’s Congress of Inner Mongolia Autonomous Region, Bai Xiangqun and Pan Yiyang were elected as vice-chairmen of the autonomous region, and Pan Yiyang was the standing committee member and executive vice-chairman of the Party Committee of the autonomous region, ranking above Bai Xiangqun. In September 2014, Pan Yiyang was investigated, opened in October 2015, and was sentenced to 20 years’ imprisonment in April 2017. A year later, following in the footsteps of his old colleague Pan Yiyang, Bai Xiangqun became the second highest-ranking leading cadre in Inner Mongolia after the 18th National Congress.

  According to Bai Xiangqun’s resume published online by the Inner Mongolia government, Bai Xiangqun entered the official career after graduating from college in 1984, starting as a cadre of Chifeng Education Bureau, serving as the secretary of the Youth League Committee of Chifeng Education Bureau in 1986, and starting his 17-year youth league work career until he became the deputy secretary of Wuhai Municipal Committee in 2003. During his work in Wuhai, Bai Xiangqun received a doctorate in economics. In May 2012, Bai Xiangqun was elected as the vice-chairman of Inner Mongolia Autonomous Region, ranking among the sub-provinces, assisting the chairman of the Autonomous Region in charge of education, civil affairs, land and resources, urban and rural construction, environmental protection and civil air defense.

   According to public reports, Bai Xiangqun’s last public appearance was on April 23, 2018. According to the official website of the Sports Bureau of Inner Mongolia Autonomous Region, on the same day, Bai Xiangqun came to Ordos Sports Center to investigate the youth campus football work, where he watched the training of elite players of U9 and U10 campus football clubs in Ordos City and had in-depth exchanges with the parents of the players.

   Speaking of football, I have to mention another position of Bai Xiangqun. For a long time, football has been a luxury in Inner Mongolia. Not to mention the top professional teams, even the players can hardly board the professional stadium. In 2014, Inner Mongolia Autonomous Region was listed as the first "pilot province for football reform" in China. In the same year, the Inner Mongolia Autonomous Region government established a team headed by Bai Xiangqun, vice chairman. After the leading group of 23 departments and units, including sports, education, development and reform, and finance, promoted the reform and development of football, the new Inner Mongolia Football Association was re-elected, with Bai Xiangqun as the chairman of the Inner Mongolia Football Association.

  In March 2016, the "Inner Mongolia Football Channel" was launched. Gradually, in Inner Mongolia, you can play football when you leave home and watch the ball when you turn on the TV. In August 2017, "Inner Mongolia Football Channel" was upgraded to "Football Channel", and its viewing range was expanded from Inner Mongolia to the whole country, which became an important ideological position for football reform. On March 29th, 2018, Bai Xiangqun delivered a speech at the ceremony to star the football channel in Beijing. (Text/Zhu Xinyu)

Fierce controversy! With the rise of football in China, fans are constantly cursing.

After the news that the main players of China football team were injured in Thailand came out, it caused extensive controversy and discussion. According to media reports, Titipan, the main midfielder of Thailand team, needs a long recovery period of at least 8 months because of tearing the anterior cruciate ligament and medial collateral ligament of his knee. The striker of Thailand, Dangda, also missed at least four weeks due to injury, making it difficult for him to play against China on November 16th. In this regard, Soccer reported that China became the winner because Thailand lost important players before the preliminaries. However, such a report attracted a lot of fans’ scolding. Some fans said that China football now needs to rely on the injury of its opponent to win, which is really disgusting. They think that the football level in China is so low that it has fallen to the point where people want to be injured or even sent off, which is really worrying.

There are also fans who believe that the China men’s soccer team seems unable to win no matter whether the main players of Thailand are injured or not. They are pessimistic about the future of football in China, and think that China can’t win against Japanese teams and strong European teams, and they are still discussing how to beat Thailand and Vietnam, which is ridiculous. However, some fans are optimistic about China football. They believe that the China team can play its own strength in the face of stable opponents. They mentioned the fierce confrontation between the Japanese team and the European powers, and thought that China could meet the challenges of Thailand and Viet Nam as long as it played steadily. In any case, China Football got some good news in the news that the main players of Thailand were injured. Fans have different expectations and views on the performance of China team.

Whether optimistic or pessimistic, only when the China team can prove its strength in the competition can the fans have more confidence in it.

The above contents and materials are all from the internet, and the relevant data, and the theoretical research is based on the internet data, does not mean that the author agrees with the laws, rules, opinions and behaviors in the article and is responsible for the authenticity of the relevant materials. I am not responsible for any problems arising from the above or related issues, and the author of this article does not bear any direct or indirect legal responsibilities.

Why is Meng Qi, the largest English training institution for children in Hong Kong, a thousand miles away?

Meng Qi Qianli, a local English training institution for children in Hong Kong, submitted an application for listing in Hong Kong.
Author | Matcha Latte
Source | IPO that thing
Data Support | Pythagorean Big Data
Friends who like to watch variety shows have probably seen a program of Hunan Satellite TV called "Where is Dad going?". In the program, two small Hong Kong men-Feynman, the son of Wu Zhenyu, and Jasper, the son of Jordan chan-are both very popular second generation stars. Apart from being from Hong Kong, they all have one obvious thing in common, that is, they all speak fluent English, which is also one of the great highlights of the program. Outside the program, we can easily conclude that Hong Kong people attach importance to English from dolls, which largely depends on the historical development, cultural atmosphere, economic strength, government support and other factors of the city. Including the author’s study in Hong Kong, I also found that most of the Local students around me are proficient in English, which must be inseparable from their childhood language influence.
In addition to the training of schools and families, extracurricular English training institutions are naturally indispensable. According to the consulting report, from 2014 to 2018, the tuition income of English learning centers for children (aged 2 to 12) in Hong Kong increased from 1.379 billion (HK$, the same below) to 2.056 billion, with a compound annual growth rate of 10.5%, and will continue to grow to 3.327 billion from 2018 to 2023.
On July 8th, Meng Qi Qianli Group Holding Co., Ltd. (hereinafter referred to as "Meng Qi Qianli"), a local children’s English training institution in Hong Kong, submitted an application for listing in Hong Kong, showing that the exclusive sponsor was Ballas Capital. Meng Qi Qianli was established in 2009, mainly providing English courses for children aged 3-12. At present, there are 77 Monkey Tree learning centers, and about 96% of its income comes from the Hong Kong market.
In this way, the business involved in Meng Qi Trinidad should be regarded as a good business in Hong Kong. Then, can Meng Qi’s next capital road be smooth?
one
The largest supplier of English learning courses for children in Hong Kong market.
Meng Qi Qianli is a Hong Kong-based English learning course provider for children, which mainly provides English courses for students aged 3 to 12 under the brand of "Monkey Tree". Up to now, there are 77 Monkey Tree learning centers in Meng Qi Qianli, including 18 self-operated centers in Hong Kong and 43, 3 and 13 franchised centers in Hong Kong, Macau and China.
According to the consulting report, children’s English learning industry in Hong Kong is still relatively scattered, and competition is expected to intensify in the future. According to the revenue in 2018, the total market share of the five major market participants is about 29.5%, among which Meng Qi Qianli ranks first with a market share of about 9.9%.
As far as courses are concerned, most of Meng Qi Qianli employ English-speaking teachers to educate students in a relatively small-scale learning environment, with no more than eight students in each classroom, thus improving the teaching quality through close interaction with teachers. At the same time, Meng Qi Qianli also indicated in the prospectus that it would design interactive activities and games for the classroom, such as singing and role-playing, to stimulate students’ interest and stickiness.
It is worth noting that the Monkey Tree Learning Center (self-operated+franchised) of Meng Qi Qianli Line is unified in the process of site selection and opening, teacher recruitment, training and support, marketing, curriculum outline and course textbook production, and can enjoy a certain degree of economies of scale and reproducibility.
two
The business income structure is single, and the future expansion growth rate is doubtful.
Let’s take a look at the financial performance of Meng Qi Qianli. Note that the node of its financial year is March 31st every year.
In fiscal years 2017, 2018 and 2019, the Monkey Tree Learning Center enrolled 14,745 students, 17,023 students and 19,248 students respectively, among which 4,635 students enrolled in the self-operated center, 6,103 students enrolled in the self-operated center and 6,793 students enrolled in the franchise center, respectively.
From the perspective of revenue structure, Meng Qi Qianli’s revenue mainly comes from self-operated centers, accounting for 92.7%, 92.8% and 92.2% of the total revenue in fiscal year 2017-2019, respectively, while the total revenue of affiliated centers and facilities does not exceed 8% of the total revenue, resulting in a relatively simple revenue structure of the company. In terms of regional distribution, since the company’s 18 self-operated centers are all located in Hong Kong, its revenue mainly comes from Hong Kong, accounting for 98.8%, 98% and 96% of the total revenue in fiscal year 2017-2019, respectively, while Macau and Chinese mainland account for very little. The income structure and regional distribution are relatively simple, which will hinder the sustained growth of Meng Qi Qianli’s future income. In particular, the English learning market for children in Hong Kong is still scattered, with fierce competition, and the size and space of the population are relatively limited compared with the mainland.
At the same time, although it is the "main force" of Meng Qi Qianli business, the operating conditions of Monkey Tree self-operated center in Hong Kong have been deteriorating in recent years. In fiscal years 2017, 2018 and 2019, four, three and two were added (one was closed) respectively, and the local expansion was slightly weak. In FY 2019, the number of students enrolled in the self-operated center of Meng Qi Qianli increased by 11.3% year-on-year, which was slightly lower than that of the affiliated center (14.1%).
Facing the resistance of business expansion, on the one hand, Meng Qi Qianli decided to enhance the competitiveness of self-operated centers and franchise centers, systematically renovate Hong Kong self-operated centers and franchise centers in the future, and develop online teaching research and teaching teams. On the other hand, the company also plans to establish branches in mainland cities such as Shenzhen, Shanghai, Chengdu, Guangzhou, Guiyang, Hangzhou, Foshan, Huizhou and Zhongshan, and extend its self-operated centers out of Hong Kong.
In terms of net profit, in fiscal years 2017, 2018 and 2019, Meng Qi Qianli recorded 13.678 million, 14.063 million and 19.264 million respectively, with growth rates of 2.8% and 37.0%. In fiscal year 2019, the company’s net profit increased greatly, mainly due to the improvement of operating efficiency, and the net profit increased by 1.7 percentage points to 11.2%. Among them, the advertising and promotion expenses of the company accounted for only about 2.2% of the total revenue during the period, and the cost of obtaining customers was low, thanks to the excellent popularity of Monkey Tree in Hong Kong. However, if the company enters the mainland market in the future and stands out among many extracurricular brands, it is necessary to increase the publicity of "burning money" and the profit rate is difficult to maintain. More importantly, there is also uncertainty about the effect obtained after vigorous publicity.
In addition to the pressure of business expansion, Meng Qi Qianli is a little strange in assets. For example, in FY 2019, although the total assets in Meng Qi Qianli’s account increased year-on-year, the fixed assets in current assets dropped sharply, which was replaced by the increase in receivables in current assets, including many sensitive transactions such as directors and affiliated companies.
three
Is it happy or sad that the sprint capital hits the compulsory education "citizens recruit together"?
Interestingly, on July 8th, the same day that Meng Qi Qianli submitted its application for listing, the State Council issued the Opinions on Deepening Education and Teaching Reform and Improving the Quality of Compulsory Education in an All-round Way. According to the opinion, the enrollment of private compulsory education schools is included in the unified management of examination and approval, and enrollment is synchronized with public schools; If the number of applicants exceeds the enrollment plan, computer random admission will be implemented.
For training institutions, under the dual influence of citizens’ common recruitment and over-computer random enrollment in private schools, the trend and uncertainty of parents’ school choice have been further enhanced, and the willingness and demand for subject-based remedial training caused by anxiety for further studies have cooled down, which may not be a good thing for K12 extracurricular training institutions, and may have a certain negative effect on Meng Qi Qianli, which intends to develop its business in mainland China.
Although it is the first English learning brand for children in Hong Kong, it should be certain that Meng Qi Qianli will enter the mainland in a large scale in the future if it wants to seek sustained and rapid growth in profits. However, there are many brands of children’s extracurricular learning online and online in the Mainland. In order to gain a foothold, the brand "Monkey Tree" will inevitably need to increase investment in advertising and marketing, which may put pressure on the company’s short-term net interest rate. In the absence of unique business characteristics in the learning center, there are doubts about whether the brand can successfully open the market. Riding the wind of the reform and upgrading of compulsory education, how should Meng Qi take the next road?
Disclaimer: The content is for reference only. Please make investment decisions carefully according to it.
Reporting/feedback

Wallace Chung’s "Jin Xin Si Yu" and "Unstable End Water" The Duke opened online.

Produced by Penguin Film and Television, Huacekerton and Kuangan Media, and starring actor Wallace Chung, the inspirational emotional drama "Jin Xin Ru Yu" for women in ancient costume houses is being broadcasted exclusively by Tencent Video, with 2 episodes updated every Tuesday, Wednesday and 20: 00, and members are the first to watch it. In just four days, the number of broadcasts on the whole network exceeded 400 million. Since the beginning of the drama series, netizens have been enthusiastic about following the drama. When Xu Lingyi, played by Wallace Chung, appeared, she staged a scene of high-energy "unstable water", switching freely between cold face and enthusiasm. The superb acting skills made the audience hooked up, and netizens collectively turned "tap water" to call the Duke. However, Wallace Chung substituted Xu Lingyi for Ben Yi and sang the ending song "Ink Drop", which triggered fans to urge "Singer Clock" to release a new album online.
The strength is multi-faceted. The duke should be cold and hot. Xu Lingyi is "unstable at the end of the water"
In the play, Xu Lingyi, played by Wallace Chung, not only has multiple identities, but also has "multiple faces". When he was "at work", Duke Xu was in high spirits and published a lot of state affairs. Duke Xu, who came home from work, was listless and uninterested in everything. Should have become the "master of water-carrying" at home, the rain and dew are all wet, but I didn’t expect it to be unstable and increase my troubles. With regard to the attitude towards Eleven Niangs (Seven) and Qiao Lianfang (Viva), Xu Lingyi, who is fair and impartial, also started the "double standard" mode of hot and cold. In the face of the Eleven Niangs, she smiled and gave gifts on her own initiative, but in front of Qiao Lianfang, she gradually cooled down and became a poisonous tongue "tea master" Xu Wei, and netizens all said that "the double-standard duke is a real hammer".
Suspected by Xu Lingyi’s "hacking" online shouting "seeking dignity"
During the hit of the drama series, Wallace Chung wittily shouted Seven, the eleventh mother. "Can you give the Duke some decency?" I also dropped a soup kitten expression pack, and the "humble duke" made netizens feel distressed online. In the drama broadcast last night, Xu Lingyi put on shoes made by Niangniang, and even walked carefully, which caused fans to open their brains and contribute fancy expression packs. Wallace Chung, a front-line 8G surfer, lamented Weibo, "Good citizens are so talented, and Xu Lingyi looks like me who bought new shoes." Xiaowa, who is actively engaged in business, was teased by fans. "Brother, have you been hacked by Xu Lingyi?" Blink if you are kidnapped.
Wallace Chung, a singer who deeply sang the ending song "Falling Ink", "Yi Jian Fall in Love"
Wallace Chung, who incarnated "Xu Ling Yi Ben Yi" on the social platform, sang the ending song "Ink Drop" for "Jin Xin Yu" with deep affection, which surprised fans. Its gentle and mellow voice slowly tells Xu Lingyi’s inch-by-inch lovesickness. "If you can’t say it with deep affection, I won’t hide at the end, and I am in the dim light of your lamp …" The delicate feelings touch people’s hearts, and at the same time, it also outlines the tender side of Xu Lingyi, a brave general. Netizens have expressed their "falling in love with the singer Wallace Chung" and "looking forward to the new album and concert".
Xu Lingyi’s long journey of "carrying water" has already begun. What interesting stories will happen in Houfu? Every Monday to Wednesday at 22:00, lock Tencent’s video "Jin Xin Si Yu" and unlock the Duke’s "decent" progress bar together.
Source: Beiqing Net
Reporting/feedback
Everyone is searching.
Wallace Chung Jin Xin resembles jade Jin Xin resembles jade Wallace Chung takes screenwriter Wallace Chung Jin Xin resembles jade acting Jin Xin resembles jade Wallace Chung stills Jin Xin resembles jade decent Wallace Chung Gu Xichao.



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The lonely shadow is deep

Wallace Chung is so handsome.

2021-03-02

Inner Mongolia

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15631555119y

extremely handsome

2021-03-03

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Love plus 20

I’m chasing "Jin Xin ru Yu". It’s beautiful! Wallace Chung accurately shaped Xu Lingyi, making this character more three-dimensional and full!

2021-03-03

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Shi Yunbei

Wallace Chung’s acting is good.

2021-03-02

Sichuan(Province)

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Fearlesswindy

It’s really good to watch the drama and chase the big night. Wow, it’s wonderful.

2021-03-03

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Kong Guang 7l

Wallace Chung’s acting is really great.

2021-03-03

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xiaoruru20

Wallace Chung played well! Chasing plays every day.

2021-03-03

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Cats listen to the rain LL

Xu Lingyi is another successful classic character in Wallace Chung. He loves Xu Lingyi, who is literate and capable of martial arts. He controls horses with one hand, rides horses and shoots arrows, and plays drama as always. His eyes and inner drama are also very delicate. Ancient costume male god, omnipotent Wallace Chung.

2021-03-03

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Kuang Yingchu 5l

Wallace Chung’s acting skills are amazing.

2021-03-03

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Small cherry 2011811

The duke of Wallace Chung is charming, handsome in riding and archery, beautiful in heart, charming in coquetry and cute in costume, and has a first-class acting skill.

2021-03-03

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Yujie

Call for Xiaowa

2021-03-03

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Don’t cry.

Update only three days a week? Oh, my God, it’s so slow.

2021-03-03

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15631555119y

Shuaiwa

2021-03-03

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Ling Jianzhang DW

Looking forward to the update

2021-03-03

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hypp_50934

Xu Lingyi of Wallace Chung is so charming, and riding a horse is so handsome.

2021-03-03

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Kong Guang 7l

Really handsome

2021-03-03

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Fff Lolo

I really think it’s beautiful. I couldn’t watch this kind of house fighting drama before. The more I watch it, the more interesting it is. The more I want to watch it, the more I can’t get enough of two episodes a day.

2021-03-03

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Chao Xiang yun duo

The wrong time is 20 o’clock every Tuesday, Wednesday and Wednesday.

2021-03-03

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Zhiai zhlww

crying of a child

2021-03-03

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Zhong hei Hua love

Love with you

2021-03-03

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Chao Xiang yun duo

The wrong time is 20 o’clock every Tuesday, Wednesday and Wednesday.

2021-03-03

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