Double Week Company (2022.8.1—2022.8.15)

The "stock god" company loses $ 43.7 billion in the second quarter

On August 6, local time, Berkshire Hathaway, the helm of the stock god Buffett, announced the second quarter financial report and semi -annual report. The report shows that in the second quarter of this year, the company's revenue was US $ 76.18 billion. In the same period last year, it was US $ 69.14 billion, an increase of 10.2%. In the second quarter, the operating profit was 9.28 billion US dollars, an increase of 38.7%compared to the US $ 6.69 billion in the same period last year. This profit is the sum of various businesses such as insurance, railways and public utilities owned by the group.

However, Berkshire Hathaway's net loss belonged to shareholders was US $ 43.755 billion, and the same period last year was US $ 28.094 billion. This is due to the company's loss of US $ 66.919 billion in investment and derivatives in the second quarter. In the same period last year, investment and derivatives' investment income was US $ 27.394 billion.

Throughout the first half of 2022, Berkshire Hathaway's cumulative net loss had a total net loss of US $ 38.295 billion, and the same period last year was $ 39.805 billion in profit.

A huge loss, mainly due to the company's heavy position stocks fell sharply in the second quarter.

According to the financial report, as of the second quarter of this year, about 69%of Berkshire Hathaway's positions were concentrated in 5 companies: American Express (US $ 21 billion), Apple ($ 125.1 billion), Bank of America (32.2 billion yuan USD), Coca -Cola Company ($ 25.2 billion), Chevron Corporation ($ 23.7 billion). Among them, the three major heavy stocks of Apple, Bank of America and American Express fell more than 20%in the second quarter.

At the end of 2021, approximately 73%of their positions were concentrated in 4 companies: American Express (US $ 24.8 billion), Apple (US $ 161.2 billion), Bank of America (US $ 46 billion), Coca -Cola (US $ 23.7 billion).

Fortune 500 is released: National Grid, PetroChina, Sinopec

In the top five, Xiaomi has made great progress and BYD is on the list for the first time

On August 3, 2022 "Fortune" World 500 list was announced. The total net profit of all companies on the list this year was about $ 3.1 trillion, an increase of 88%year -on -year, the largest increase since 2004. In China, State Grid Corporation, PetroChina, and Sinopec are ranked third, fourth, and five respectively. In addition, Xiaomi, BYD, SF Holdings and other Chinese companies are also on the list. Among them, Xiaomi ranked 266th, an increase of 72 compared with the previous year. Since the first list in 2019, in 4 years, Xiaomi ranking has increased by more than 200 places, which is the fastest Chinese technology company at the same time. In addition, BYD was on the list for the first time, ranking 436th.

In the first quarter of fiscal year,

Good future net income fell 83.8% year -on -year

Recently, NYSE (NYSE: TAL) released unaudited financial reports in the first quarter of fiscal year in fiscal 2023. The financial report shows that the good future income during the reporting period was US $ 224 million, and the same period last year was $ 1.385 billion, a year -on -year decrease of 83.8%; the net loss attributable to the company was 43.8 million US dollars. US dollars; operating losses were US $ 28.3 million, and the same period last year lost 126.9 million US dollars, a narrowing of 77.7%year -on -year. As of May 31, 2022, the total balance of cash, cash equivalents and short -term investment in good futures was 2.892 billion US dollars.

CICC's salary quotes dispute

Recently, a screenshot of the "post -90s brokerage trader monthly entry over 80,000" was circulated on social platforms. The brokerage trader was a trader of CICC. Since then, CICC's salary level has triggered discussions on the entire network. According to the director of the director of the director, the company's president assistant, chief operating officer, and members of the management committee all salary of more than 8 million yuan; CEO and chief financial officer annual salary of more than 7 million yuan; chief financial officer, board secretary, chief risk officer, etc. The annual salary exceeds 5 million yuan; the annual salary of many independent directors is about 800,000 yuan; the annual salary of the compliance director is 127,000 yuan. According to the first quarter of the 2022 report, the company's first quarter of the company's salary of more than 11.2 billion yuan. Its 2021 annual report showed that the company's insured was 4,143.

Estee Lauder negotiated Tom Ford,

Or reach the largest merger in the company's history

On August 1, local time, a US media reported that the cosmetics manufacturer Estee Lauder Group was negotiating on the acquisition of the luxury brand Tom Ford. The transaction amount may reach 3 billion US dollars (about 20.306 billion yuan in RMB 20.306 billion ),even more. The market value of Estee Lauder Group is close to $ 100 billion and has sufficient funds for transactions, but it is not yet guaranteed that the two parties will reach an agreement. A person familiar with the matter said Estee Lauder was not the only buyer of Tom Ford. If the transaction is reached, it will become the largest merger in Estee Lauder's history.

(This article published in "China Economic Weekly" 2022, No. 15)

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