Tencent Music, whose profit increased by 36% year-on-year last year, is also worried, and the number of monthly users of its main business has decreased for several consecutive quarters.

The business map of Tencent Music has been adjusted.

On March 19th, Tencent Music released the unaudited financial performance report for the fourth quarter and the whole year as of December 31st, 2023.

In the fourth quarter of 2023, the total revenue of Tencent Music was RMB 6.89 billion, down 7.2% year-on-year; The net profit was 1.41 billion yuan, a year-on-year increase of 16.9%.

In 2023, the total revenue of Tencent Music was 27.75 billion yuan, down 2.1% year-on-year; The net profit was 5.22 billion yuan, a year-on-year increase of 36%.

After the financial report was released, before the US stock market closed on March 19th, the share price of Tencent Music rose by 0.48%, corresponding to a market value of $17.813 billion.

In terms of business, Tencent Music is still in the process of adjusting its business structure and continues to focus on online music services. In Q4 of 2023, Tencent Music’s online music service revenue reached 5.02 billion yuan, a year-on-year increase of 41.1%; The income from social entertainment services and other services dropped by 51.6% year-on-year to 1.87 billion yuan. Correspondingly, in Q4 of 2023, the operating cost of Tencent Music decreased by 14.6% year-on-year to 4.25 billion yuan due to the decrease in revenue sharing cost corresponding to the decrease in social entertainment service revenue.

In the whole year of 2023, thanks to the accelerated growth of online music subscription revenue and advertising service revenue, as well as the growth of sales revenue around artists, Tencent Music’s online music service revenue was 17.33 billion yuan, a year-on-year increase of 38.8%; As the company adjusted some live interactive functions and implemented stricter compliance procedures, the revenue from social entertainment services and other services was 10.43 billion yuan, down 34.2% year-on-year.

With the concentration of live broadcast traffic to the short video platform in the head, Tencent Music is also changing its strategy. Nowadays, online music service has become Tencent’s music business accounting for over 70%, and this proportion is increasing — — From 37.1% in Q1 in 2023 to 72.9% in Q4, and achieved good profits. Earlier, Tencent Music’s social entertainment service accounted for 70% of the company’s total revenue.

In this process, Tencent Music has tapped the paying potential of users, and both the number of paying users and the average monthly income of users of its online music service have increased. The former increased by 20.6% to 107 million in Q4, while the latter increased by 20.2% to 10.7 yuan.

In addition, Zhu Liang, CEO of Tencent Music, said at the performance meeting that Tencent Music pays more attention to the overall activity and liquidity of long audio content and the promotion of long audio content in the car market. In 2023, the long audio service achieved more than the expected results in the transformation of Tencent Music. Next, Tencent Music will continue to promote the distribution and commercial efficiency of long audio content on the entire music platform.

Cussion Pang, executive chairman of Tencent Music, said in the financial report, "2023 is a crucial year for the transformation of Tencent Music." "The strong performance of online music services not only eased the pressure on social entertainment services, but also promoted the steady increase of quarterly net profit."

However, Tencent Music, which has successfully transformed, is not without worries. On the one hand, the number of monthly active users of online music service, which has been regarded as the main business, has decreased for several consecutive quarters. In Q4 of 2023, the number of monthly active users of this service was 576 million, a year-on-year decrease of 4.2% and a quarter-on-quarter decrease of 3.03%. The number of monthly mobile users of social entertainment services also decreased by 28.8% year-on-year to 104 million.

On the other hand, although the net profit performance is good, but reducing costs and increasing efficiency has not changed its overall income decline. In 2023, the total revenue of Tencent Music decreased by 2.1% year-on-year.

Regarding the loss of Q4 users, Liang Zhu said that there are quarterly reasons, and the mobile terminal itself continues to be affected by short videos, and the traffic has the pressure of natural loss; In 2023, the promotion and marketing expenses of Tencent Music were also reduced, and the distribution channels were also reduced.

In addition, in 2023, the average monthly income of users of Tencent Music’s online music service increased, which also caused negative user feedback. The topic of "QQ music members’ price increase" was once on the hot search in Weibo. In addition, Tencent Music’s MOO Music, which focuses on young users and targets Netease Cloud Music, was shut down on December 31, 2023.

Netease Cloud Music, the main competitor of Tencent Music, released its financial report on March 1st. The latter also embarked on the road of reducing costs and increasing efficiency and adjusting its business structure, and also experienced a decline in income and an increase in profits — — In Q4 of 2023, the net income of Cloud Music was 1.986 billion yuan, down 16.4% year-on-year; Gross profit was 601 million yuan, up 42.32% year-on-year.

According to the financial report of Tencent Music, as of December 31, 2023, the total balance of cash, cash equivalents and time deposits of Tencent Music was 32.22 billion yuan. In addition, according to the $500 million share repurchase plan announced on March 21, 2023, as of December 31, 2023, Tencent Music has repurchased about 25.3 million shares of american depository receipts from the open market for $174.5 million in cash.

Blessed-take stock of healthy living in 2019

  On July 9, in the agricultural residue testing room of Bainian Supply and Marketing Smart Farmers’ Market in Shapingba District, Chongqing, the staff was conducting a quick inspection of the vegetables sent by the citizens. Photo by Sun Kaifang

  On November 6, students of Mingde Primary School in Jiajiaying Town, Xuanhua District, Zhangjiakou City, Hebei Province were eating a free nutritious breakfast. Photo by Chen Xiaodong

  On April 15th, medical staff from the Community Health Service Center of Runzhou Industrial Park in Zhenjiang City, Jiangsu Province came to Zhengrunzhou Community to preach and popularize scientific knowledge about cancer prevention to residents. Photo by Shi Yucheng

  On July 17th, Shanghai Jiayuan Community, Mashan Community, Anqing City, Anhui Province launched a large-scale free clinic with the theme of "Creating Civilization, Giving Health, Benefiting People’s Livelihood and Promoting Harmony". Photo by Huang Youan

  On October 19, visitors experienced the remote connection with doctors by using "micro-medical communication" in Wuzhen Internet Hospital, Jiaxing City, Zhejiang Province. Xinhua News Agency reporter Huang Zongzhi photo

  On November 29th, at the Yongfeng Financial Control Exhibition Area of Taipei Financial Technology Exhibition held in Taipei World Trade Center, visitors experienced the "Sweat is not in vain" sports APP. Xinhua News Agency reporter Jin Liwang photo

  On October 29th, in the pilot class of vision protection in Xinyi Road Primary School, Qinhuangdao City, Hebei Province, students were learning the scientific pen-holding posture. Photo by Cao Jianxiong

  Doctors do live broadcast to popularize health knowledge, it is more convenient to see a doctor with online service, the national fitness method is more fashionable, and food safety is effectively guaranteed … … In the coming year of 2019, everyone is more concerned about their healthy life, and all sectors of society provide more convenience through various channels to protect their health.

  On the road to a well-off society for all, the health of all is the cornerstone. When you are in good health, if you eat well, the happiness index of our people will naturally go up.

  Take multiple measures simultaneously:

  Ensure the "safety on the tip of the tongue" of the people

  Pesticide residues, excessive heavy metals, illegal addition, waste oil … … These food safety problems have always been a big problem for the people.

  On December 1 this year, the newly revised Regulations on the Implementation of the Food Safety Law was officially implemented, adhering to the "four strictest" requirements, supplementing the shortcomings and strong and weak items on the basis of the Food Safety Law, and governing the country with good laws to protect the people’s "safety on the tip of the tongue". It also puts forward specific requirements for catering service providers, unit canteens, and third-party platform providers of online food transactions.

  At the same time, this year’s joint action to rectify food safety issues has also achieved new results. The market supervision departments took joint actions to focus on people’s worries, anxieties and troubles, and launched a concentrated crackdown on such key issues as "production and operation without permission, excessive use of food additives, illegal addition of non-edible substances in food, operation of meat without quarantine or unqualified quarantine, and production and operation of cottage food".

  The food safety situation is improving, but it is impossible to solve the food safety problem in one battle. Strengthening food safety is related to the health and life safety of more than 1.3 billion people in China. Under the new situation, the people have many new expectations. To ensure the "safety on the tip of the tongue" of the people, we must make persistent efforts to make the work more detailed and practical.

  Scientific diet:

  Life is more "nutritious"

  This year, the topic of avocado import suddenly caught fire. This ugly fruit doesn’t taste like fruit. In 2010, China’s import volume was less than 2 tons, but it increased by more than 16,000 times in a few years.

  Why? From the health label. Rich in monounsaturated fatty acids, dietary fiber and potassium, avocado has become a healthy food favored by many people who pay attention to scientific diet.

  Around us, there are probably always a few friends who care about weight and relatives who care about food. They are "drifting away" from carbohydrates and "at odds" with high sugar and high oil. At the same time, they believe that a healthy diet does not mean being "hungry". Therefore, foods such as avocado and quinoa have sprung up and become synonymous with healthy eating.

  It can be said that more and more people are willing to move closer to science and balance in diet, and begin to emphasize limiting salt and reducing oil, nutritious diet, fine and coarse collocation and scientific cooking in order to forge a better self.

  Everyone is so concerned about the scientific diet, in the final analysis, it is because of "warehouse storage". Statistics show that the per capita consumption of rations in China has decreased by 40% compared with more than 30 years ago, the consumption of meat, eggs and milk has tripled, and the consumption of edible vegetable oil has nearly tripled. This means that people eat less than half a steamed bread, but their lives are more "nutritious".

  Health science:

  Not only is it right, it’s also interesting.

  With the development of economy and society, Chinese people have a strong demand for health knowledge. At the same time, with the promotion and encouragement of national policies, with the rise of new communication means such as two micro-terminals and short video platforms, health science popularization has embarked on the fast lane.

  As the main force of popular science, the productivity of popular science among doctors has been greatly released, from the spontaneous action of doctors in the past to the conscious action required by the state.

  In the process, some doctors became online celebrity. Someone said: "In the traditional way, even a famous doctor can’t build 100,000 trusted patient relationships in his life. Now, it can be quickly established through a new communication platform. "

  The new means of communication requires doctors to be more flexible when doing popular science, not to follow the book, but also to meet people’s diverse needs. Talking about the principle of disease, clarifying the misunderstanding of weight loss and judging the nutritional status of children … … In a relaxed atmosphere, health knowledge is heard and the effect is naturally good.

  In this way, the most authoritative doctor, the most extensive platform and the most suitable form, together with the three, have formed a new pattern of trinity health communication. The number of beneficiaries should be calculated in tens of millions.

  Health rumors:

  Multi-parties join hands to form a rumor.

  In the past, the field of health care was the hardest hit by rumors. What to drink mung bean soup to treat cardiovascular and cerebrovascular diseases, smoke vinegar in the house to prevent colds, and "Cancer Prevention Institute" published the list of anticancer vegetables & HELIP; … Our common people have not seen this kind of health-preserving theory at ordinary times, and some people have suffered greatly from it. Therefore, health rumors are most hated by people.

  With the improvement of public health literacy, the use of modern means of communication, the admission of more professionals and the rapid response of relevant functional departments, the market for health rumors is getting smaller and smaller, and they are often attacked by everyone as soon as they show signs of widespread spread.

  Not long ago, a limited liability company in Xi ‘an "Drinking Wind and Bigu Chinese Culture Communication" claimed that it could achieve health-preserving purposes such as losing weight, reducing age and treating stomach diseases by not eating, and also received government subsidies, which caused public doubts. In this regard, the local industrial and commercial administration department quickly set up an investigation team to investigate the company according to the law. As a result, the company closed down and the subsidy was cancelled.

  According to media reports, a doctor in Shanghai chatted with netizens in the webcast room, and answered questions from treatment to health care, and gained tens of thousands of praises in just one hour. Between a break and a stand, the regular army occupied the main position of health care. Is there room for rumors?

  Smart medical care:

  It is more convenient to save a long queue to see a doctor.

  In Beijing, patients can make an appointment to register in 27 municipal hospitals such as Peking University Cancer Hospital and Tiantan Hospital through the "Beijing Medical Link" WeChat WeChat official account.

  In Shanghai, patients can make one-click APPointments for all tertiary hospitals and some secondary hospitals in the city on the "Shanghai Health Cloud" app, and at the same time use big data application technology to manage their own health records.

  In Wuhan, the "Future Hospital" jointly built by central hospital of wuhan and Ali Health and Alipay was unveiled. Through cooperation in financial payment system, medical insurance mobile payment function and other related fields, "Future Hospital" can provide patients with various services such as appointment registration and remote video follow-up.

  At present, with the help of Internet technology, smart hospitals have emerged. When the patient logs in online and goes to the hospital, he can get the number, pay the fee and get the test results on the self-service equipment, which saves a lot of time in line and greatly improves the medical experience.

  In June this year, the 5G commercial license was officially issued, and it has been applied in some places: network information transmission, ultra-high-definition video technology, etc. are applied to ultrasound, endoscope and surgical robot; Accelerate the integration of big data and artificial intelligence technology with CT, mr system and fundus camera & HELIP; … 5G is and will continue to play an important role in resolving the imbalance of medical resources and greatly expanding the space and content of medical and health services.

  Online sports:

  It’s not bad to spend less money on fitness

  A few years ago, the Ministry of Sports monitored the fitness exercise of the domestic sports population, and the results showed that the two groups were big and the middle was small, that is to say, the proportion of children and the elderly was high, while the young and middle-aged groups were low.

  Nowadays, the situation has changed, and data show that 26-mdash; The proportion of people in the 30-year-old age group who often participate in fitness activities exceeds 40%, which shows that the young and middle-aged groups have "moved"! On the one hand, the improvement of this situation is inseparable from people’s pursuit of health, on the other hand, it is also related to the promotion of endless fitness and sports applications.

  Some white-collar workers are under great work pressure. They usually sit for a whole day, but they want to exercise, but they are hard to get away from work and can’t find a suitable fitness venue in their spare time. At this time, a simple and suitable mobile phone fitness software will come in handy. Open the software after work and follow the video to exercise. This "online gym" is flexible, not limited by the venue, and can be practiced at home and in the office, with good results. The cost is also low, at least it is much more cost-effective than spending thousands of dollars to get a fitness card, and the result is that you can’t go several times.

  Nowadays, more and more scientific and technological means are applied to the health industry. Fancy sports software tailors exercise plans for bodybuilders, teaches fitness skills through videos and other means, and more bodybuilders share fitness experience with participants online. To some extent, this has alleviated the practical difficulties of young and middle-aged people in fitness and provided convenience for them to participate in fitness.

  Prevention and control of myopia:

  Let the children see the blue sky.

  Electronic homework needs to be reported for no more than 20 minutes, using APP to arrange homework is regarded as a teaching accident, and the time for learning to use electronic products is controlled within 30 minutes every day … … Since the beginning of this year, all localities have taken effective measures to prevent myopia among teenagers, so that this health problem, which is of great concern to thousands of families, has been actively dealt with.

  In April this year, National Health Commission held a press conference to introduce the survey results of myopia among children and adolescents in 2018. The overall myopia rate was 53.6%, including 14.5% for 6-year-old children, 36% for primary school students, 71.6% for junior high school students and 81% for senior high school students. The task of myopia prevention and control is arduous.

  Of course, myopia is not a matter of a day or two, but with the rapid popularization of various electronic products and mobile terminals, children’s vision health is facing new threats: some children are addicted to playing mobile games, and their spare time is almost inseparable from mobile phones; Some teachers rely heavily on tablet computers to assign homework, making it the carrier of "sea tactics"; Some campuses promote information construction, and as a result, even the original extracurricular practice can not be separated from the display screen … …

  At present, the prevention and control of juvenile myopia has risen to the height of national strategy, which is not only a health problem, but also affects the national economy and people’s livelihood and national security. Ophthalmologists reminded that the most important way to prevent myopia is to encourage children to go outdoors, embrace nature, and let their eyes see green trees and blue sky. Therefore, some places are exploring how to set aside more time for outdoor activities for children under the increasingly heavy academic burden. (Reporter Xiong Jian)

Trina Solar newly registered the software copyright of SuperTrack Intelligent Tracking Control Software V1.0

  According to the news of Securities Star, Trina Solar (688599) recently registered the software copyright of SuperTrack Intelligent Tracking Control Software V1.0. Since the beginning of this year, Trina Solar has registered three new software copyrights, a decrease of 0% compared with the same period last year. Combined with the financial data of the company’s mid-year report in 2023, the company invested 818 million yuan in research and development in the first half of 2023, up 30.98% year-on-year.

Source of data: Enterprise Check

It is compiled by Securities Star according to public information and generated by algorithm, which has nothing to do with the position of this website. Securities Star strives for but does not guarantee the accuracy, completeness, effectiveness and timeliness of all or part of this information (including but not limited to text, video, audio, data and charts). Please contact us if you have any questions. This article is for data collation, and does not constitute any investment advice for you. Investment is risky, so please make a careful decision.

In 2020, lottery sales will drop by 20%, falling below 150 billion! Expert: Accelerate legislation to reshape the image of Fucai.

Public welfare is the lifeline of lottery.
Welfare lottery is an important source of funds for the development of social welfare in China: every time 1 yuan Welfare Lottery is sold, 0.2971 yuan will be used as the lottery public welfare fund to invest in social welfare and public welfare undertakings.
Under the strong supervision policy of the state, the lottery industry has arrived in winter and spring is still far away.
After the audit storm in 2015, the ban on Internet lottery in 2018, and the strict restrictions on fast-opening games in 2019, and the impact of the COVID-19 epidemic, the lottery sales in China dropped by over 20% in 2020.
On February 5th, the data of "China Welfare Lottery Development Report (2019)" released by the Welfare Lottery Research Group of China Academy of Social Sciences showed that from its issuance in 1987 to December 31st, 2019, a total of 2,210.964 billion yuan of welfare lottery tickets were sold nationwide, and 656.865 billion yuan of lottery public welfare funds were raised, with a raising rate of 29.71%.
Welfare lottery is an important source of funds for the development of social welfare undertakings in China: every time 1 yuan Welfare Lottery is sold, 0.2971 yuan will be used as the lottery public welfare fund to invest in social welfare and public welfare undertakings, directly and indirectly benefiting hundreds of millions of people, creating tens of billions of tax revenue and creating more than 400,000 jobs.
How should the lottery industry get out of the strange circle of "chaos as soon as it is released, and death as soon as it is managed"?
Fall below 150 billion
On January 22nd, official website, the Ministry of Finance, disclosed the "report card" of the national lottery market sales last year.
From January to December, 2020, the national lottery sales totaled 333.951 billion yuan, a year-on-year decrease of 88.103 billion yuan or 20.9%. Among them, the sales of welfare lottery institutions was 144.488 billion yuan, a year-on-year decrease of 46.750 billion yuan or 24.4%; The sales of sports lottery institutions reached 189.463 billion yuan, a year-on-year decrease of 41.352 billion yuan or 17.9%. Compared with 511.472 billion yuan in 2018, the "achievements" in 2020 can be described as bleak.
He Hui, an associate professor at the Business School of China Academy of Social Sciences and editor-in-chief of the Blue Book of Welfare Lottery, said in an interview with China Philanthropist that the overall decline in lottery sales last year was due to the epidemic situation, which led to the stagnation of lottery sales for a long time, and the government’s further supervision of the lottery market in 2020, which gradually stopped the sales of video lottery tickets, and stricter sales restrictions were imposed on high-frequency quick-opening lottery tickets and quiz lottery tickets from 2019.
"The reason for the decline of welfare lottery tickets is mainly that video lottery tickets and high-frequency fast-opening games were originally important products of welfare lottery tickets, accounting for a relatively large proportion of total sales."He Hui said.
In fact, since 2019, Fucai sales have begun to drop sharply. According to the statistics of the Ministry of Finance, in 2019, from January to December, a total of 422.053 billion yuan of lottery tickets were sold nationwide, a year-on-year decrease of 89.418 billion yuan or 17.5%. Among them, the sales of welfare lottery institutions was 191.238 billion yuan, a year-on-year decrease of 33.318 billion yuan or 14.8%.
Obviously, the epidemic has made lottery sales worse, but the main reason is that the government has strengthened supervision over the lottery industry.
Chaos
Lottery is both entertaining and public welfare. Faced with the tempting "cake", many companies are scrambling to join the food fight.
At the peak of 2014, there were about 300 domestic Internet lottery companies, and more than 100 million users bought lottery tickets through Internet channels. This has also created a "no threshold" and "low cost" Internet lottery market, which is a mixed situation.
From January to December, 2020, the national lottery sales totaled 333.951 billion yuan, a year-on-year decrease of 88.103 billion yuan or 20.9%.
In 2015, after the national special audit of lottery funds, relevant departments strengthened the supervision and management of the lottery market, and also strengthened the investigation and punishment of unauthorized use of the Internet to sell lottery tickets. Since then, the growth rate of lottery sales in China has declined. However,After a period of time, illegal phenomena such as unauthorized use of the Internet to sell lottery tickets have slowly risen, irrational lottery purchases have gradually increased, and some chaos in the lottery market has reappeared.
In August 2018, the Ministry of Finance, the Ministry of Civil Affairs and the General Administration of Sports classified "welfare lottery tickets and sports lottery tickets sold by the Internet without authorization" as illegal lottery tickets when revising the Detailed Rules for the Implementation of the Regulations on Lottery Management. This is the first time in China’s lottery-related laws and regulations that unauthorized use of the Internet to sell lottery tickets has been clearly defined as illegal lottery tickets.
Defining illegal Internet lottery sales as illegal lottery tickets has also greatly shocked all illegal Internet lottery platforms and business owners. In September 2018, a number of illegal Internet lottery platforms took the initiative to suspend related services. The revised Rules for the Implementation of the Lottery Management Regulations came into effect on October 1, 2018. Since then, the phenomenon of illegal internet lottery sales has disappeared in a large area.
He Hui told China Philanthropist that there are many reasons for the relevant departments to strengthen the supervision of the welfare lottery market, such as anti-addiction, anti-money laundering and many other reasons, which are conducive to reshaping the public welfare image of welfare lottery. However, it has also exposed some problems such as unsmooth lottery management system and mechanism, imperfect market operation, unclear development orientation of welfare lottery and lack of stable market expectation for a long time.
Facing the multi-dimensional market dilemma and deep-seated development problems, how to deal with the relationship between market development and social responsibility of welfare lottery?
He Hui suggested,First of all, we should accelerate the legislation of lottery law and deepen the reform of lottery operation mechanism.
The Regulations on Lottery Management promulgated and implemented in 2009 is only an administrative regulation. At present, the National People’s Congress has begun the legislative process of the Lottery Law. Promulgating a relatively complete lottery law as soon as possible is an important prerequisite for the healthy development of the lottery industry.
Secondly, it is necessary to rationally divide the lottery market, explore the separation of management and operation, promote the professional and market-oriented operation of lottery institutions, and establish an effective incentive and restraint mechanism. Further standardize the management of lottery funds and adjust the distribution ratio of central and local public welfare funds. Explore the establishment of a fault-tolerant mechanism in the process of reform, innovation and development, and further clarify the regulatory responsibilities of local financial departments.
Public welfare is more beneficial.
The original intention of lottery was to raise public welfare funds to solve social problems, and the public welfare attribute is the lifeline of lottery survival and development.
Lottery public welfare fund is one of the forms of non-tax revenue of the government. According to the national regulations, it is the net income after deducting the reward bonus and issuance funds from the sales income obtained by issuing lottery tickets. Take the two-color ball as an example, 51% of its sales are used as lottery bonuses, 13% as distribution fees and 36% as lottery public welfare funds. Every time a lottery player buys a lottery two-color ball or a lottery ticket with a bet of 2 yuan, he will be given 70 cents as a tribute to the national public welfare undertakings.
On May 8, 2019, Xinzhou Primary School, Longlin Autonomous County, Baise, Guangxi, launched the "Angel Tour Screening and Rescue Action for Children with Poor Congenital Heart Disease". The China Red Cross Foundation has set up a special fund to help children with congenital heart disease from poor families, which has been supported by the National Lottery Public Welfare Fund.
The data shows that in the past 30 years, China has raised more than one trillion yuan of lottery public welfare funds from lottery sales revenue, which was mainly used for civil welfare and sports in the early days.In recent years, the total investment of the national social security fund has accounted for 1/3 of the financial resources, and the rest is mainly used for social welfare undertakings, including pension, medical care, the Red Cross, the disabled, poverty alleviation, legal aid, disaster relief and post-disaster recovery and reconstruction, which has become an important financial support for the development of social welfare undertakings.
According to the allocation policy of lottery public welfare fund approved by the State Council, the lottery public welfare fund is allocated between the central and local governments at a ratio of 50:50. The central centralized lottery public welfare fund is distributed among the national social security fund, the central special lottery public welfare fund, the Ministry of Civil Affairs and the General Administration of Sports in the proportion of 60%, 30%, 5% and 5% respectively.
According to the above distribution policy, in 2019, the lottery public welfare fund was allocated to the National Social Security Fund Council of 46.428 billion yuan to supplement the National Social Security Fund; 17.592 billion yuan was allocated to the central special lottery public welfare fund for social welfare projects approved by the State Council; 3.869 billion yuan was allocated to the Ministry of Civil Affairs to fund projects such as the construction of social welfare facilities for the elderly, the disabled, orphans and people with special difficulties; 3.869 billion yuan was allocated to the State Sports General Administration to support mass sports and competitive sports development projects.
The use of public welfare fund is a process of policy perfection, from paying attention to investment, service and benefit. It is necessary to further optimize the rules of lottery public welfare fund distribution based on existing practice.
He Hui suggested that, first, when selecting projects and allocating public welfare funds, we should solicit and bid for projects in a larger scope as far as possible to understand where the social needs are, and consider improving the professionalism and efficiency of implementation through market competition. Second, when the public welfare fund is allocated to specific projects and then implemented, it is necessary to scientifically evaluate the performance. This kind of evaluation should take into account not only the quantitative indicators of evaluation, but also the indicators that are difficult to quantify but very important.
"At present, the social impact of welfare lottery is weak, which is largely related to the low social effect of the use of public welfare funds in a broad sense."He Hui said that we need to pay special attention to the social effects of the use of public welfare funds. While ensuring the public welfare fund investment in traditional welfare projects, we should also strengthen and increase the investment in public welfare projects with wider social effects.
Source: China Philanthropist Magazine.
Image source:China News Photo Network
Reporting/feedback

Bishan District of Chongqing actively carries out safety inspection of fireworks and firecrackers.

At the same time, the Bishan District Market Supervision Bureau strengthened the inspection of the commodity identification, shelf life, certificate, production date, discharge instructions and safety warning words of fireworks and firecrackers, as well as whether the operating stores posted safety warning signs, stored fireworks and firecrackers as required, and equipped with fire-fighting equipment. Supervise the wholesale and retail enterprises of fireworks and firecrackers to sell fireworks and firecrackers products with clear packaging specifications, operate according to the bright light, establish and improve the purchase and sale files, and strictly implement the systems of incoming goods inspection, claiming certificates and tickets.

When you get rich, you don’t forget that the villagers in Zhongjiang, a neighboring village, set a table to entertain the villagers to have a "reunion dinner"

  On February 14th, the 29th day of the twelfth lunar month, Hanlingou, Qunli Village, Lianhe Town, Zhongjiang County, was particularly lively. More than 260 villagers had a dam feast together on the newly-built social road. The whole village was full of 24 dining tables, and Tan Lichun, a villager of this village, invited them to have a group dinner.

  Tan Lichun is the chairman of Jiangsu Xinhongtai Electromechanical Co., Ltd., and his tenacious will and hard-working spirit have been honed from a poor life. After graduating from technical secondary school, he was assigned to an enterprise to repair aircraft engines. After two years of work, he resigned and went to work in Guangdong. However, the road to success was not smooth. After half a year, I returned to Deyang to work because I felt that there was no future. With his own skills and hard-working spirit, Tan Lichun won the position of an engineer in a home appliance enterprise and began to contact mechanical and electrical enterprises all over the country. After accumulating various experiences, he resigned again and went to Jiangsu to start a business.

  "In 2006, I established the first Hongtai electromechanical company. The road to entrepreneurship is full of hardships, but it is also very lucky. After 12 years of hard work, the enterprise is now on the right track … "Tan Lichun tells the story of starting a business.

  After starting a successful business, he always cares about the development of his hometown and the life of the villagers, and returns to his hometown every year. When he sees that the village road that he often passes through when he was young has not been fundamentally changed, his heart is extremely restless. In 2017, when he learned that Murakami planned to build roads, but there was still a funding gap, he generously donated 100,000 yuan. "In the second half of 2017, due to the rising price of road building materials and insufficient planned funds, he decided to pay for the gap. Now that the road has been repaired, Boss Tan plans to invest 100,000 yuan to install 50 solar street lamps … "Li Fuxiao interjected.

  When Tan Lichun went home for the Spring Festival this time, he learned that there was still a funding gap in the construction of village roads, so he decided to pay for it again, and at the same time he was going to pay for the installation of solar street lamps. In order to repay the villagers, on the 29th of New Year’s Day, he invited a chef and put on a dam feast to celebrate the New Year with the villagers.

  "In the past, we only had dirt roads from Hanlingou to the town and neighboring villages. Since the village roads hardened, it has facilitated life and production, and agricultural and sideline products can also be shipped out." Villager Zhang Hai said happily. "Now, the car can drive to the door, and I am no longer afraid of muddy roads in rainy days. Thanks to Tan Lichun, who is a native of our village, it is really hard to get’ rich and never forget my hometown’." Villager Tan Wen praised Tan Lichun’s actions.

  "The mountains and rivers in my hometown and my fellow villagers raised me, and I am very proud to be able to do something for the people in my hometown today!" Tan Lichun admits that the idea of doing something for his hometown has a long history. This is just a token of gratitude to his hometown. Facing the praise of the villagers, he feels that he can do something for his hometown. "I have suffered from it since I was a child. At that time, the neighbors often helped me. Now that I am rich, I should care more about the development of my hometown. It is also appropriate to do something for the villagers."

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Source: Sichuan Online