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终于,许家印发声了!“恒大事件”高人解读,信息量很大

今天(9月21日),是中国传统的中秋佳节。

快乐是别人的,恒大却是多事之秋。


一封许家印写给恒大全体员工的“家书”曝光,在信中,许家印表示,坚信恒大一定能尽快走出至暗时刻,加快推进全面复工复产,实现“保交楼”目标。



克莱因瓶是一个不可定向的二维紧流形,而球面或轮胎面是可 克莱因瓶 克莱因瓶 定向的二维紧流形。如果观察克莱因瓶,有一点似乎令人困惑--克莱因瓶的瓶颈和瓶身是相交的,换句话说,瓶颈上的某些点和瓶壁上的某些点占据了三维空间中的同一个位置。我们可以把克莱因瓶放在四维空间中理解:克莱因瓶是一个在四维空间中才可能真正表现出来的曲面。如果我们一定要把它表现在我们生活的三维空间中,我们只好将就点,把它表现得似乎是自己和自己相交一样。克莱因瓶的瓶颈是穿过了第四维空间再和瓶底圈连起来的,并不穿过瓶壁。用扭结来打比方,如果把它看作平面上的曲线的话,那么它似乎自身相交,再一看似乎又断成了三截。但其实很容易明白,这个图形其实是三维空间中的曲线。它并不和自己相交,而是连续不断的一条曲线。在平面上一条曲线自然做不到这样,但是如果有第三维的话,它就可以穿过第三维来避开和自己相交。只是因为我们要把它画在二维平面上时,只好将就一点,把它画成相交或者断裂了的样子。克莱因瓶也一样,我们可以把它理解成处于四维空间中的曲面。在我们这个三维空间中,即使是最高明的能工巧匠,也不得不把它做成自身相交的模样;就好像最高明的画家,在纸上画扭结的时候也不得不把它们画成自身相交的模样。有趣的是,如果把克莱因瓶沿着它的对称线切下去,竟会得到两个莫比乌斯环。在二维看似穿过自身的绳子 在二维看似穿过自身的绳子 如果莫比乌斯带能够完美的展现一个“二维空间中一维可无限扩展之空间模型”的话,克莱因瓶只能作为展现一个“三维空间中二维可无限扩展之空间模型”的参考。因为在制作莫比乌斯带的过程中,我们克莱因瓶是一个不可定向的二



今日早间,恒大汽车发布公告称,已向技术人员授出3.24亿股购股权,占公司股本的3.31%,授予对象包括本公司3名董事及集团约3180名雇员。恒大汽车内部人士表示,该公司处于多事之秋,此举有利稳定公司核心技术团队。


恒大汽车高开低走,早盘一度冲高至涨11%,但拉升没多久就出现跳水,一度跌超7%,接着低位震荡,截至午间收盘,恒大汽车收跌3.1%,股价报2.81元,市值275亿港元。



为稳定核心技术团队

恒大汽车大手笔派发3.2亿股期权

11我坐在树下乘凉,有一只五颜六色蜜蜂叮了我一口,一种无法形容的痛瞬间涌进身体的各个部位,直到把我痛晕。当我醒来时,我身边全是乐高,他们在忙那忙这,看着他们劳动的样子,我入神了。但我似乎也变成了个乐高人,头圆圆的,只有两根手指。我不知道自己来到了什么样的世界,我居然听得懂他们的语言,他们也并没有把我当成陌生的另类。虽然没看到自己,但我感觉到,我应该是成为了他们的一员。我身上没有一点儿钱,可我又找不到工作,还好快不行时遇见了一位好心的乐高人,他给了我点钱,并给我介绍了一份工作。我问他叫什么,他说他叫红,想成为一名元素战士。他还给我介绍了三位朋友,分别是蓝、黄和黑。认识了他们后,红想让我加入他们去寻找他爷爷没找到的宝藏,我爽快地答应了。但找了这么久,半点线索都没找着,我只好去找红,他家门是开的,我问了一声就进去了,见到一个小盒子,打开后里面放起了一首美妙的歌曲,盖子还刻着一棵大柳树。我听到有声音从我背后飘来,红竟然在哭,“对不起”,我轻轻地对他说。“没关系,只是…想…想起了爷爷,他…还在时,很喜欢听这首歌”。红断断续续地说。我忽然明白了什么,对他悄悄地说:“这和钟楼正中午时放的音乐一样”!红惊喜的盯着我,并召集了所有成员(黑、蓝、黄),并叫我绿,我们一起在钟楼那里观察,虽然我们日复一日地观察,可完全看不出有什么线索,就在大家快放弃时,我忽然想到那棵大柳树,城市里只有一棵。果然,正中午时镜子反射的光到土地上,我们找到了个拼图,我们拼完后就出现了一个通往地底的通道,我们走到最低下时发现了一条河和一艘船,我们决定坐船前行。我们完全没察觉到有坏人已经盯上我们了,水越来越汹涌,忽然,黑大叫的喊:“不好了,前面是瀑布,快把船停下来”。眼看就要掉下去时,红突然把绳套紧在岩石上,并叫我们帮忙拉,经过我们的一番努力,终于把船停下了。我们找到了个平台,那儿有一个大门,中间有一个小圆,里面有一棵大柳树的印子,我们找了好久都没找到打开门的方法,这时,一直没说话的蓝发话了,说:“我们也许可以用那个盒子试一下”。不试不知道,一试就知道,门一下子就打开了,里面全是黄金珠宝,但是,坏人们突然进来了,他们让我们不要动,他们装完东西就走。可是我们才不会让他们拿,我一个箭步跳过去就给他一拳,红也带着大家冲了过来,但谁也没想到的是有个坏人已经拿到了黄金柳树,您知道吗?如果您口腔中镶嵌的假牙是含金属的烤瓷冠,在您需要做头颅x线、CT、核磁共振检查时,将会受到影响甚至拆除。非金属的二氧化锆对x线却无任何阻挡,只要镶入二氧化锆烤瓷牙,日后需头颅x线、CT、核磁共振检查时都不需要拆掉假牙,省去很多麻烦可大门又“轰”地一声关上了,而我又被红在大门关闭前推了出来,我着急地在外面走来走去,还时不时地听到里面的叫喊声。我的余光扫到了对面的按钮,可它在河的对岸,我只能踩着一块又一块的石头跳过去,终于,我按下了按钮,大门果然打开了,里面的坏人也全倒地上了。经过所有人的同意,我们决定将它捐给城市,市长当场表扬了我们,还赠给我们一车珠宝,我们用它让别人给我们建了个大房子,我们可以住在一起,再把剩余的存起来了第二天,一声警报声把我们吵醒了,起来一看,不得了了,Subhuti, what do you mean by cloud? If you are reading, I should be a sentient being. Subhuti, don't do is read, why? There is no such thing as a Buddha. If there is a sentient being called Tathagata, the Tathagata has four phases: I, man, sentient being and longevity. Subhuti means: Tathagata, have the heart of sentient beings. Subhuti thinks: Tathagata has the heart to help all living beings. Does he have this heart? Buddha is asking him: Subhuti, what is the meaning of cloud? What do you think? In other words, what do you think of this matter, this problem? Do you mean that the Tathagata has the heart to relieve sentient beings? It is wrong to say the Diamond Sutra. You should not call the Tathagata's work a thought. Don't think that the Tathagata says that the Vajrayana Sutra is to save all living beings. Don't think that the Tathagata is to save all living beings. I should be a sentient being. The Buddha is called Subhuti. Don't have this view. Don't think that the Tathagata says the Vajra Prajna Paramita Sutra is for sentient beings. This is wrong. Subhuti, what do you mean to say: Tathagata has the heart to take care of all living beings. Buddha sent Subhuti's suspicion to him. Buddha said that this sutra of Vajra Prajna Paramita does not have a mind of sentient beings, so don't think about it. Why? The essence of all living beings is Buddha, and all living beings are Buddha. This is the Mahayana doctrine. In particular, the Hua Yan Sutra is devoted to this issue, which is contained in many volumes of scriptures. It is said that all sentient beings are Buddhas. If the Tathagata is to make all sentient beings Buddhas, this is a lie. What do you mean by lying? It is me, human beings, sentient beings and longevity, not only I, what I think, this is what I think and what I think in my heart. Although all sentient beings have Buddha nature, if it is said that if it is not because of Buddha, how can he realize? With what practice can one become a Buddha? It is we who hear the Buddha's words, and only by listening to the Buddha's words can we realize this truth and become Buddhists. This Buddha tells us that Buddha transforms sentient beings into beings without transforming them. Buddha does not transform the mind of sentient beings and no sentient beings are transformed by Buddha. This is the characteristic of Vajrayana Sutra. This is why it is different from other Sutras. The Buddha has repeatedly instructed Subhuti that you must not have this kind of thought. You must not say that the Tathagata is for the sake of sentient beings, whether it is the Tathagata saying, the Tathagata practicing, or the Tathagata coming out of the world. Many other sutras say that the great cause of Buddha's birth is the salvation of all living beings. The Diamond Sutra sends out this thought and tells Subhuti that you should not have this idea. Why not call you this idea because of Buddha's salvation of all living beings and why? Subhuti, don't do is read, what reason? The reason is very simple, there is really no such thing as Buddha, so I ask you not to say that Buddha can do it. Because there is really no sentient being, such as Buddha. If there are sentient beings such as Buddha, Buddha has me, human beings, sentient beings and longevity. If the Buddha wants to have this idea, I will have the idea of sentient beings, I will have the idea of sentient beings, I am Buddha, and sentient beings are sentient beings, then the Buddha has four distinct phases: I, human beings, sentient beings and longevity. In fact, the Buddha does not have me, human beings and sentient beings. Therefore, the Buddha enjoins Subbodhi that you do not have the idea of Buddha's idea of sentient beings, and at the same time you do not have doubts. Therefore, tell him not to do is to read, that is what this means. Don't do this, Buddha has no sentient beings to be able to live, no sentient beings to become Buddha, and no Buddha to live. To eliminate this idea, although all sentient beings have Buddha nature, can they be enlightened by themselves if they do not listen to what has been said? What makes you practice to become a Buddha? This is a rhetorical question, that is, let us understand that Buddha is not persistent, nor does he have my own view, human view, sentient beings view, and longevity view. Buddha transforms all living beings into nothing. Buddha transforms all living beings into beings without seeing each other and without being able to transform. There is no Buddha who can be changed, nor is there any sentient beings that can be changed. Let's understand it this way. The meaning is very deep. Let's get rid of all persistence. Because we sentient beings know and see too deeply, especially we draw the common people and Buddha very clearly, which is wrong. For example: Patriarch Danxia, he broke the attachment of the master of a temple, that is, the master monk. Buddha's heart, the heart of all living beings; Buddha's image, sentient beings' image. Persistence is very serious, he went to visit him. Seeing the temple, he went to the main hall. It was winter and the weather was very cold. Patriarch Danxia took down the wooden Buddha statues and split them, lit a fire and baked them. The abbot monk, still can promise him? I started to argue with him. The abbot said: How do you split the Buddha? How did you burn my Buddha statue? He said: I am looking for sarira. The abbot monk said: What relic is in this wood? He said: Oh, there is no sarira in the wood. I'll burn another one if there is no sarira. How do you understand? He is breaking away from this master's knowledge and vision. He is too clear about the Buddha's vision, my vision and all beings' vision. He breaks away from his knowledge and vision. As soon as he burned, he said, ' I am looking for sarira.' Where is the sarira in this place? Where is the sarira in the wooden statue? Why did he worship him without sarira? What is he doing? I'll burn another one and the host will be enlightened. Do you know the reason for his enlightenment? He disavowed his knowledge. Buddha means there is no difference among all beings. The Buddha is wood, not the real Buddha. If we normally regard Buddha statues as wood, can you practice? We really regard the Buddha as the real Buddha. There are several aspects: to a certain kind of person, it is Zen meditation for that old practitioner. he reached the peak and was too clear about the difference between Buddha and sentient beings. Patriarch Danxia broke his belief. This is not something we can use casually. You also went to the temple to take a Buddha statue and split it, then you can commit crimes and shed blood. He didn't, so there is a lot of scripture, don't misunderstand. You must not do that until then. For example, a Zen master, who has been sitting and participating in Zen for 120 years, how can you compare? You can also go there and sit there. how can you compare yourself with him for more than 20 or 30 years? You can only gain by yourself. There was a man selling tofu. when he went to jinshan temple to deliver tofu, he looked at master sitting like this. he said, ' master, one year he also sits like this when delivering tofu, and two years he sits like this. is it any good to sit like this every day?' It must be good. He asked the guest teacher, I also want to sit down. The guest teacher said, ' No, how can you run and sit down?' He said, ' I will not sit inside. the masters will sit inside the door. I will sit outside the door and sit at the back door. is that possible?' The hostess asked him to grind and say, ' okay, okay, you are not allowed to talk or make any noise here.' He sat at the back, waited for a fight, and then said to the guest teacher, ' alas, I have gained a lot from this sitting.' The insider said: What have you gained? He said: I owe me the tofu account three years ago. I have long forgotten it. I remembered several accounts in this sitting. I should go to ask for the account and collect the money. What do you think of this story? How do you understand? Therefore, we should calm down, calm down the crazy heart and floating heart. Like him who has no wisdom, we can realize wisdom. Wisdom can illuminate itself, so-called open wisdom is open mind, open mind is wisdom, simply say wisdom now. Before wisdom comes to light, can it be life or death? In the past, present and future, you have known and completely laid down your body, mind and body, seeing that it is empty, that is the meaning. Buddha does not have sentient beings, nor does he have this idea. I am capable and sentient beings are what I am capable of. If there is such an idea, if he is not a Buddha, he will not succeed, that is the meaning. Subhuti certainly understood, so the Buddha asked Subhuti: Do you think so? The Tathagata's work is to chant me to save all living beings. What if there is such an idea? It is wrong. Subhuti, don't do is read, there is no sentient beings Buddha degree. I'll tell you the truth, in fact, there is not a sentient being who is Buddha. If the Tathagata wants all beings to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be The Buddha has long been dead, without me, human beings, sentient beings and longevity. That's why he said: ' Buddha spends all day without seeing sentient beings.' Because the Buddha knows Subhuti still has doubts, his heart is still not clean, and he still thinks that all living beings are what the Buddha does. All living beings are enlightened by Buddha. Buddha is enlightened by being enlightened, so Buddha wants to be enlightened. Buddha replied: All living beings do not want me to do it, nor do I want to do it. Why? All sentient beings are full of Buddha nature. All sentient beings are Buddha. This everybody can want deep participation, all living beings are Buddha originally, born Buddha has no two, heart and Buddha have no two, no two is one. All sentient beings are Buddhas and are just lost in enlightenment. This truth should be taken into consideration. It's not that scripture can't be told according to the text, but that the participant is thinking. You have to see the body, and the body is the same. No matter what its appearance is, it is the same. For example: wood. If this wood is carved into a Buddha statue, everyone will offer it there and kowtow for worship. If this wood is made into a chair, all of us will sit on it and put it under our buttocks. One kowtows and worships every day and the other sits under his buttocks. Are these two the same? But they are all made of wood. It turns out that they are all made of wood. From this truth, we all realize that the essence is the same, and all living beings and Buddha are one body. He is lost and fallen, that is, all living beings. Has he realized? Enlightenment is Buddha. The Buddha is clear, clear, sentient beings are Buddhas, future Buddhas, Buddhas are accomplished Buddhas. One has become, one has not yet become, it turned out to be one. So Subhuti, the Tathagata, said, ' If there is me, there is no me.' I am a pseudonym, I am not me, then there must be me, but ordinary people don't think so, think it is me. He thought I said I was me, said I was not me, we can understand from what we said. As we say fire, fire is not fire. When talking about fire, it is not fire, but fire, not burning our mouths, burning our tongues, this pseudonym. But if you don't say fire, how can people understand that you mean fire? Let me understand here that this is a false statement. What about Buddha? Buddha is not Buddha, that's the meaning. So Subhuti, the Tathagata, said, ' If there is me, there is no me.' Tathagata said: I am not me. However, ordinary people are persistent, saying that I am not him or you, saying that I am me, respectively. Buddha said: Ordinary people think there is me. The Buddha was afraid of Subhuti clinging to the common people. The Tathagata said, ' The common people are not common people, but common people.' Every diamond sutra has a 30% discount, a pseudonym that follows the world, and an explicit truth. No, after that, they follow the world, so all Buddhas become Buddhas, and they also show that they are just like people. Just understand this truth. The Tathagata said that I am pure in nature, and that I am always happy and pure. I am always happy and clean, not ordinary people who are greedy, angry, stupid, ignorant and false, but I am false. Buddha said that I am always happy and I am clean and virtuous. Therefore, the ordinary people think it is me, and the ordinary people have me, some people, and some people's opinions. That is the ordinary people. Why? Is there birth and death in the heart of the common man, so it is called the common man. The heart of a saint has no birth and death. He is not the common man. The man who has realized Prajnaparamita is not the common man. The man who has lost the Prajnaparamita is the common man. Therefore, ordinary people are not ordinary people, and when ordinary people realize prajnaparamita, they are not ordinary people. Another kind of said, the heart can have some, can have some ordinary, the heart is incompetent, is not ordinary, is the equality law, the law is equal. It is the equality of the law and there is no superiority or inferiority, that is to say, the suspicion is completely removed, the transcendence is immediately entered, and Bodhi is established. That is the Buddha, and all beings are equal. Subhuti, what do you mean by cloud? Can you view the Tathagata in 32 phases? Subhuti, do you think Buddhism is thirty-two and eighty good? Subhuti said: So it is. Yes, it is like this. I view the Tathagata in 32 phases. The Buddha said Subhuti: If you look at the Tathagata in 32 phases, the wheel of the holy king is the Tathagata. If you think of yourself as a Tathagata with 32 phases, you are wrong. Why? There are also 32 phases in the runner king. isn't that why the runner king has become a Buddha? Hearing this, Subhuti made a wrong answer, so he quickly corrected it. Subhuti White Buddha said: Buddha, as I understand the meaning of Buddha, should not view the Tathagata in 32 phases. How should we view the Tathagata? Therefore, the dharma body is not a phase. Tathagata: such as person, such as motionless; Newcomers, come and not come. Should appear in the world, should appear. Dharma is dharma body, because Subhuti's perseverance has not been completely eliminated and there is still this problem. Therefore, the Buddha has raised such a question mark for him. It is supposed to be asked, but Subhuti does not know the meaning of Buddha, so he answered it easily and did not intend to answer it. If so, he is right. Buddha said he was wrong. What should he do? After the Buddha said this, he knew and understood that he did not view the Tathagata in 32 phases, because the runner king has 32 phases and is the same as the Buddha. The runner king is far from the Tathagata. How can he compare with the Tathagata? He saw that his thoughts and worries were not broken, so Subhuti immediately turned around and said that if I understood the meaning of Buddha and said that Buddha asked me, I answered casually. If you ask me further, I know what you mean. You should not look at the Tathagata with the thirty-two phases. You should not look at the Buddha with the thirty-two phases. Now Subhuti is completely clear. At this Prajna meeting, Subhuti has entered the realm of Great Bodhisattva. He is not the original two-way person, but only the person and me. He has already entered the court of justice, so he should not reply小丑带着一群坏人来进攻了,我可是在书上看到过,他以前,灭了很多城市,一直没人打得过他,就在人们没办法时,有五个元素战士用一把枪把他封印起来了,没想到他怎么又出来了,我们只能躲在家里,靠着望眼镜来观察外面的状况,小丑讲很多家破坏了,并杀死了很多乐高人,就在快要炸掉城市时,五个元素战士冲了出来,击退了很多怪物,最后把小丑击败了,看着保护家园的元素战士,一种强烈的想当元素战士的情感油然而生。红、黄、蓝、黑和我,也就是绿,共同决定去参加元素五年一度的元素战士选拨赛。首先,我们需要有很快的反应能力,四面八方都会有铁球悬浮在空中,任何一个铁球随时都会掉下来把我们压成泥。我一会跳过去,一会跳过来,一个也没打中,接下来又要有速度,一个个冲得比汽车还猛。最后,我们要用一堆破烂零件造东西,可以合作,我立刻叫来了红、黄、蓝、黑,我们用这些零件造了个巨大的机器人,每个部分都有一个人来操控,开始战斗就有人的东西坏了,我们接着去了小丑住的地方,听小丑的下一步计划,小丑一直抱怨皇帝不让他全国搜捕,他想了想,忽然叫了一声:“对啊!我可以把皇帝杀掉,然后自己再坐上皇位”。我想去告诉皇帝,但又怕皇帝不信,所以我们想出了个办法,小丑应该会制造一个大麻烦,让皇帝派走所有的守卫,再去偷偷杀掉皇帝,我们要在守卫刚走就立刻去告诉皇帝,小丑要来杀他,如果时间不够,小丑出门,红、黄、蓝和黑会去拦住小丑,让小丑越晚越好。果然,小丑派兵在很多地方制造了大麻烦,皇帝那派点兵,这派点兵,兵就没有了,我赶紧跑进皇宫里把事情告诉了皇帝,还让皇帝跟官员说,如果小丑来了,问他去哪了,你们就说我出去有事,很快就回来了。然后皇帝就和我出去把士兵们带回来,皇帝回来后小丑还没来,我就趁机躲在桌子下,又过来一会儿,小丑终于来了,这次小丑又给皇帝送来了一台乐高电脑,并教皇帝在上面玩游戏,皇帝玩的都停不下来了,小丑偷偷拿出了一把剑,用力向皇帝刺去,我使用木元素把剑挡住了有的还散架了,有的一踩就碎,有的一碰就碎,但最后还有一位强者靠着会飞来躲到现在,我们启动所以炮弹来炸他。最终,他在最后一刻被打了下来,我们胜了,还要五个乐高人也被留了下来接受训练跟着定位装置,我们到了一座火山脚下,我们坐着车一路开进了云里,可又不像云,因为云没有这么大一片的,听了当地居民的谈话,才知道这叫云海,在云海里的视线越来越模糊,能见度越来越低了,只能看见距离两米内的东西,突然,前面出现一块大石头,但司机有惊无险的躲了过去,可是又有一块大石头从山上飞了下来,车子也被撞到了很远的地方,还好经验丰富的老司机带我们走出了云海,来到了山上的火山脚下,一下车,我便马上冻的全身发抖,但我一转身,又被热得像夏天里的狗一样,真是冰火两重天啊!我们走着走着就要爬火山才行了,我们艰难的抓着山上突出的石头,一步一步往上爬,才爬到一半,黄就支撑不住了,他提醒我们别太累了时,脚没踩稳,掉了下去,但还好下面有个小平台,可黄还是受伤了,我们让黑去把黄送往附近的医院,其余人继续前进。等我们到山顶时,突然从旁边飞来了一桶油,让火山喷出了一点岩浆,差点溅到我身上来,幸好我躲得快,红和蓝一下子冲上去,想抓住扔油桶的人,但他们还不知道是小丑干的,此时,小丑又逃了,可我们再次用追踪器定位时,却发现定位显示在火山里,我们虽然觉得不可能,但还是去造了一艘高温潜水艇,再穿上防高温服,再叫上恢复了的黄,就开始下潜了,下潜一千米后还没见到任何可疑的东西,正当队员们准备放弃时,忽然出现一个房子一样的建筑,我们进去一看,什么也没找到,我们只好出去外面继续下潜,可温度升到四千度时已经不能再下潜了,已经是极限温度了,可定位显示小丑还在更深处,我们又不能下去抓小丑,也不能空手回去,我们只好把希望放在那像房子一样的建筑里,我们思考了很久也没想出一个办法我找到了他们并说明了情况后,市长又派了一百个乐高士兵去支援我们,二队也答应去支援我们。在过去的路上,我一直在通过装在红身上的微型摄像头找到他们。那个城堡的主人果然是小丑,他一副高兴的样子说:“这不是元素战士吗?想不到你们也有今天”。可小丑忽然又不高兴了,说:“怎么少了一个,绿呢?绿在哪?你们把他藏哪了”?“如果绿带着带着其他乐高人来救你们,你们就活不了了,他们关进监狱去”。小丑淡淡的说:“监狱里什么也没有,而且旁边关的都是前几天失踪的人,有些有用的可以去做士兵、?师和清洁工,没用的只可以被关着,并且只能吃别人吃的剩饭,有时候没有还吃不了。所以有人已经撑不住了,被活活饿死了”。我听到小丑说只能我一个人去救红他们,否则小丑就会杀了他们,但如果我不带士兵和二队,那我肯定打不过小丑,如果我带了军队,小丑又会把红他们杀掉,在我想不出办法时,白一看我这样,问我是不是有什么事,我把刚才看到的告诉白一,白一叫上了白二、白三、白四、白五一起来想办法,最后我们决定先让士兵造一百个救生船,然后我去城堡里吸引小丑的注意力,尽量拖延时间让二队去救红他们,再让五十个士兵去救其他被关在这里的乐高人,再留五十个士兵到大门口等我消息来支援我。我走到小丑面前,和小丑聊天,聊了很久,原来跟小丑聊天这么容易啊,我还以为小丑会怀疑呢,可小丑好像看出了我细微的变化,叫了诗歌乐高人去外面看看,回来后小丑一数。怎么只有九个回来了,这九个乐高人说他们中计了,有好多士兵在外面,那个乐高人死了。我知道情况不妙,赶紧呼叫了外面的士兵。然后小丑就让所有的乐高人来杀我,就在一堆乐高人围攻我,而且士兵又没来时,刚才那九个士兵跳过来,杀了好多小丑的军队,原来那九个乐高人分别是红、黄、蓝、黑、白一、白二、白三、白四、白五,我们一起战斗,打败了很多小丑的乐高人,最后我们去抓小丑,小丑坐上船逃了,我们也坐船追,市长也派了很多乐高军人一起去追小丑。就在快要抓住小丑时,小丑从船里拿出一个盒子,我们决定可能是什么危险的武器,一下子跳到他的船上按住了那个盒子,我们正想把盒子夺过来,黑却把盒子打掉在船上,盒子打开了。把我们和小丑一起吸了进去。第二天,我们凌晨四点就去了比赛地点,可我们一看,签名都排了五十个乐高人了,看他们一个个都很镇定的站在那,好像什么都不怕似的,我往前面一看,小丑竟然排在第一个,但好像有人不乐意似的,都动手打起来了,小丑把那个乐高人打的半死不活,旁边走来了一个官员,那个乐高人还指望官员替他主持公道,可是那个官员不但不说小丑,还给了这个乐高人一巴掌,并把那个乐高人踢出了这场比赛。后面的乐高人都紧握拳头,脸上写满了愤怒,但这又怎么样呢?没有人敢动小丑了,他们怕也被小丑给踢出去。我们知道他和皇帝有点关系,但也不能这样欺负乐高人啊,我们在这里肯定是不能动手打小丑的,这里这么多士兵和官员,都和小丑是一伙的。比赛中我进行的还算比较顺利,一直到了最后,小丑也还在场,他前面打败了好多很厉害,很强壮的乐高人,他毕竟是以前所有坏人的首领,我使出了所有学过的招式,但我明显打的比小丑吃力,我使用了元素之您知道吗?如果您口腔中镶嵌的假牙是含金属的烤瓷冠,在您需要做头颅x线、CT、核磁共振检查时,将会受到影响甚至拆除。非金属的二氧化锆对x线却无任何阻挡,只要镶入二氧化锆烤瓷牙,日后需头颅x线、CT、核磁共振检查时都不需要拆掉假牙,省去很多麻烦力,但小丑作弊,用麻醉针给我打了一头狮子的分量,明明裁判正好可以看见小丑作弊,洛溪是一只来自北方的老鼠,因为数爸爸要到南方去工作,于是洛溪一家就搬到了四季如春的滨海城市。刚来到一座全新的城市洛溪尽管很不习惯,但他对新的环境还是充满了好奇心。这座城市的街道弯弯曲曲的,一会高一会低洛溪走起来很累。“啪'的一声,路边的树上掉下来一个圆圆的黄澄澄的果子,差点砸到洛溪身上,他慌忙往边上一跳,仔细的看了看地上的果子,”哇“!洛溪惊喜的发现,原来是芒果!芒果也是洛溪一直喜欢吃的一种水果。原来在这座城市的路边栽满了芒果树,随处都可以看到掉在地上已经熟透了的芒果。洛溪立刻就喜欢上了这座城市。这座城市街道的两边栽着各种各样的树木,洛溪很多都不认识。看!那长着长长的胡须的是树爷爷吗?那一层一层像一把雨伞的是小雨伞树吗?”这个!这个!“洛溪高兴的跳起来,这一片树他认识,”这是椰子树!“洛溪喜欢喝的椰汁,就是这种树结的果实。这座城市不断地给洛溪带来惊喜,同时也有一些烦恼。就是晚上和妈妈一起散步时,经常能看到好大的”小强“在路上飞快地穿行。吓得洛溪和妈妈经常会跳跃着走路,不时会带来路人诧异的目光。好在惊喜多过烦恼,洛溪也就愉快的接受了新的环境但裁判视而不见,直接宣布小丑胜利,他是新一任大将军。从眼睛里的缝隙里我看二氧化锆烤瓷牙具有极高的品质,说其品质高不仅因为其材料,设备昂贵,更因为其运用了当今最先进的计算机辅助设计、激光扫描,再这天洛溪准备和妈妈一起去吃肯德基. 美味的鸡翅和鸡排刚放到桌子上,洛溪的口水就要流下来了。这是从门口进来一个风尘仆仆的母鸡,她悲痛欲绝的和厨师说:“我请求你杀了我,我要和我的孩子们在一。”厨师傲慢的看了一眼母鸡说:“你现在还不能死,你的任务是养育许多供我们食用的小鸡,这是你的荣誉,你应该感到自豪!”母鸡看了一眼厨师说:“我们想尽了一切办法,试图摆脱任人宰割,供人食用的困境,但每次的行动都以失败告终,不管如何的折腾,人们都在不停的钻研各种吃鸡的方法,炸鸡扒鸡烧鸡炖鸡。真是到了炉火纯青的境界!”母鸡说完,愤然的跳进热水里,用自己的翅膀掩盖住了孩子的尸体。。。。。。洛溪惊呆了,一股热泪涌上了双眼,望着手里的鸡翅,洛溪再也感觉不到它的香味了。洛溪决定以后再也不吃肯德基了。后来洛溪给海滨市长写了一封建议信,希望把鸡列入珍奇动物保护行列。洛溪耳边总能回想一个公益广告里面的话:“没有买卖就没有伤害!” 洛溪希望从自己做起。洛溪最近总感觉看东西模模糊糊的,一检查视力,原来眼睛近视了。于是,洛溪就到医院配了一个眼镜。带上眼镜后,洛溪顿时感到眼前明亮起来,心情立刻变好了。慢慢的,洛溪发现自己心情不好的时候,一带上眼镜,怒火就没了。洛溪惊喜的发现,原来这是一款魔法眼镜。学校里,有两个同学因为撞到一起,大声吵了起来,洛溪马上给他们带上了眼镜,两个人很快就和好了,成为了朋友;一个过马路的小女孩在路边左右徘徊,不敢贸然的过马路,洛溪跑过去说:“我带你过马路吧。”小女孩说:“谢谢!”路上小女孩说她一出生就看不见东西,如果能给她一天光明,她希望能看一看这个世界,能看一看她的爸爸妈妈。看着小女孩痛苦的表情,洛溪的心情一下子沉重起来,忽然,洛溪想起了自己的眼镜,她急忙追上小女孩说:“我有一副眼镜,你带上试一试。”洛溪摘下眼镜,戴在小女孩脸上,小女孩的心情立刻变好了,高兴的对洛溪说:“尽管我看不见树是什么样子,但我能听见树的声音;尽管我看不到太阳是什么样子,但我能感觉到太阳的温暖;尽管我看不到爸爸妈妈的样子,但我知道他们都很爱我,谢谢你,让我知道自己也是拥有很多的人。”洛溪发现这幅眼镜太神奇了,简直就是一个宝贝。越来越多的人因为这幅眼镜的影响变得幸福起来,越来越多的人感觉这个世界变得温暖了,友善了,和谐了,人的心也变得纯洁起来。洛溪希望有一天自己戴着这幅神奇的眼镜去猫国,让两国关系好起来,老鼠们再也不怕猫了,猫也不会在老鼠面前趾高气扬了,洛溪一直期待那一天的到来 第四章 整容洛溪从小到大一直都听妈妈讲:“猫家族和我们是天敌,一定不要去猫国王,如果路上不小心遇到猫,就要赶快逃走!”洛溪一直不明白,老鼠为什么不能和猫成为朋友呢?这天洛溪在电视中,看到了一个动画片叫《汤姆和杰瑞》。洛溪很崇拜动画片里的那只叫Jerry的老鼠。洛溪看完动画片仿佛明白了,只要长得漂亮,就不会再怕猫了。于是,洛溪来到滨海城最大的一个美容院,听说这里长得难看的人进去后,也能变得好看,洛溪兴奋了,他决定进去整容。过了好久,整形手术终于完成了。洛溪看着镜子,惊奇的发现他连自己都认不出自己了。洛溪走在大街上,整个滨海城轰动了,好多大人小孩儿围着洛溪拍照。电视台请他去参加节目,滨海城的市长也接见了洛溪,一时间洛克成为了名人。洛克感觉自己很有自信了,于是就乘车来到猫王国,他骄傲地对猫们说我:“看!我现在有多强大,我可以很容易就打败你们了。”于是,洛溪就和一支叫做加菲的猫进行决斗,结果洛溪惨败而归。洛溪终于知道了,漂亮的外表,不如有一个聪明的大脑由计算机程序控制研磨制作而成,尽显完美见红他们把我抬回床上,然后我就睡着了,我醒来时红他们说我已经睡了三天三夜,小丑已经把他能管的地方全部派兵搜捕我们,因为他和皇帝闹了点小矛盾,所以他不可以全国搜捕,说完蓝就给我拿了碗饭,我飞快的吃了下去,我完全恢复后就问二队怎么样了。

9月21日,恒大汽车发布公告,向公司科研技术员工等授出3.24亿股期权,相当于公司当前已发行股本的3.31%,行权价为3.9港元。



公告称,董事会认为本次主要向本公司若干独立非执行董事及本集团的科研技术人员等授予购股权,有助继续推动及支持本公司发展并确保本集团的整体利益及长远发展稳定性,努力为本公司提升企业价值及实现本公司的长远目标。


因此,董事会认为本次购股权的授出符合本公司及所有股东的整体利益。任何属于本集团副总裁级别或以上的非科研技术人员将不获授予任何购股权。


值得一提的是,恒大汽车此次期权激励不仅规模较大,覆盖范围也呈现出更下沉、更多元的趋势,实现核心技术领域和关键岗位的全覆盖。根据公告,本次期权激励授予人数合计3181人,其中汽车研发、工程技术等专业人才3075人、占比高达97%,共获期权29738万股,核心管理干部106人共获期权2634万股。(防失联请复制加微信:linxli0214 注明读者)



事实上,派发期权等长期激励机制在汽车行业早已有之,而恒大汽车年内两次向员工推出期权激励计划显得更加诚意十足。据中国网、在业内人士看来,通过激励计划,恒大汽车将技术精英、管理人员与公司深度绑定,推动员工由“打工者”向“合伙人”转变,确保在新能源汽车领域的强大竞争力,有利于公司的长远发展。


据第一财经21日报道,恒大汽车内部人士今日接受第一财经采访时称,该公司处于多事之秋,此举有利稳定公司核心技术团队。

11我坐在树下乘凉,有一只五颜六色蜜蜂叮了我一口,一种无法形容的痛瞬间涌进身体的各个部位,直到把我痛晕。当我醒来时,我身边全是乐高,他们在忙那忙这,看着他们劳动的样子,我入神了。但我似乎也变成了个乐高人,头圆圆的,只有两根手指。我不知道自己来到了什么样的世界,我居然听得懂他们的语言,他们也并没有把我当成陌生的另类。虽然没看到自己,但我感觉到,我应该是成为了他们的一员。我身上没有一点儿钱,可我又找不到工作,还好快不行时遇见了一位好心的乐高人,他给了我点钱,并给我介绍了一份工作。我问他叫什么,他说他叫红,想成为一名元素战士。他还给我介绍了三位朋友,分别是蓝、黄和黑。认识了他们后,红想让我加入他们去寻找他爷爷没找到的宝藏,我爽快地答应了。但找了这么久,半点线索都没找着,我只好去找红,他家门是开的,我问了一声就进去了,见到一个小盒子,打开后里面放起了一首美妙的歌曲,盖子还刻着一棵大柳树。我听到有声音从我背后飘来,红竟然在哭,“对不起”,我轻轻地对他说。“没关系,只是…想…想起了爷爷,他…还在时,很喜欢听这首歌”。红断断续续地说。我忽然明白了什么,对他悄悄地说:“这和钟楼正中午时放的音乐一样”!红惊喜的盯着我,并召集了所有成员(黑、蓝、黄),并叫我绿,我们一起在钟楼那里观察,虽然我们日复一日地观察,可完全看不出有什么线索,就在大家快放弃时,我忽然想到那棵大柳树,城市里只有一棵。果然,正中午时镜子反射的光到土地上,我们找到了个拼图,我们拼完后就出现了一个通往地底的通道,我们走到最低下时发现了一条河和一艘船,我们决定坐船前行。我们完全没察觉到有坏人已经盯上我们了,水越来越汹涌,忽然,黑大叫的喊:“不好了,前面是瀑布,快把船停下来”。眼看就要掉下去时,红突然把绳套紧在岩石上,并叫我们帮忙拉,经过我们的一番努力,终于把船停下了。我们找到了个平台,那儿有一个大门,中间有一个小圆,里面有一棵大柳树的印子,我们找了好久都没找到打开门的方法,这时,一直没说话的蓝发话了,说:“我们也许可以用那个盒子试一下”。不试不知道,一试就知道,门一下子就打开了,里面全是黄金珠宝,但是,坏人们突然进来了,他们让我们不要动,他们装完东西就走。可是我们才不会让他们拿,我一个箭步跳过去就给他一拳,红也带着大家冲了过来,但谁也没想到的是有个坏人已经拿到了黄金柳树,您知道吗?如果您口腔中镶嵌的假牙是含金属的烤瓷冠,在您需要做头颅x线、CT、核磁共振检查时,将会受到影响甚至拆除。非金属的二氧化锆对x线却无任何阻挡,只要镶入二氧化锆烤瓷牙,日后需头颅x线、CT、核磁共振检查时都不需要拆掉假牙,省去很多麻烦可大门又“轰”地一声关上了,而我又被红在大门关闭前推了出来,我着急地在外面走来走去,还时不时地听到里面的叫喊声。我的余光扫到了对面的按钮,可它在河的对岸,我只能踩着一块又一块的石头跳过去,终于,我按下了按钮,大门果然打开了,里面的坏人也全倒地上了。经过所有人的同意,我们决定将它捐给城市,市长当场表扬了我们,还赠给我们一车珠宝,我们用它让别人给我们建了个大房子,我们可以住在一起,再把剩余的存起来了第二天,一声警报声把我们吵醒了,起来一看,不得了了,Subhuti, what do you mean by cloud? If you are reading, I should be a sentient being. Subhuti, don't do is read, why? There is no such thing as a Buddha. If there is a sentient being called Tathagata, the Tathagata has four phases: I, man, sentient being and longevity. Subhuti means: Tathagata, have the heart of sentient beings. Subhuti thinks: Tathagata has the heart to help all living beings. Does he have this heart? Buddha is asking him: Subhuti, what is the meaning of cloud? What do you think? In other words, what do you think of this matter, this problem? Do you mean that the Tathagata has the heart to relieve sentient beings? It is wrong to say the Diamond Sutra. You should not call the Tathagata's work a thought. Don't think that the Tathagata says that the Vajrayana Sutra is to save all living beings. Don't think that the Tathagata is to save all living beings. I should be a sentient being. The Buddha is called Subhuti. Don't have this view. Don't think that the Tathagata says the Vajra Prajna Paramita Sutra is for sentient beings. This is wrong. Subhuti, what do you mean to say: Tathagata has the heart to take care of all living beings. Buddha sent Subhuti's suspicion to him. Buddha said that this sutra of Vajra Prajna Paramita does not have a mind of sentient beings, so don't think about it. Why? The essence of all living beings is Buddha, and all living beings are Buddha. This is the Mahayana doctrine. In particular, the Hua Yan Sutra is devoted to this issue, which is contained in many volumes of scriptures. It is said that all sentient beings are Buddhas. If the Tathagata is to make all sentient beings Buddhas, this is a lie. What do you mean by lying? It is me, human beings, sentient beings and longevity, not only I, what I think, this is what I think and what I think in my heart. Although all sentient beings have Buddha nature, if it is said that if it is not because of Buddha, how can he realize? With what practice can one become a Buddha? It is we who hear the Buddha's words, and only by listening to the Buddha's words can we realize this truth and become Buddhists. This Buddha tells us that Buddha transforms sentient beings into beings without transforming them. Buddha does not transform the mind of sentient beings and no sentient beings are transformed by Buddha. This is the characteristic of Vajrayana Sutra. This is why it is different from other Sutras. The Buddha has repeatedly instructed Subhuti that you must not have this kind of thought. You must not say that the Tathagata is for the sake of sentient beings, whether it is the Tathagata saying, the Tathagata practicing, or the Tathagata coming out of the world. Many other sutras say that the great cause of Buddha's birth is the salvation of all living beings. The Diamond Sutra sends out this thought and tells Subhuti that you should not have this idea. Why not call you this idea because of Buddha's salvation of all living beings and why? Subhuti, don't do is read, what reason? The reason is very simple, there is really no such thing as Buddha, so I ask you not to say that Buddha can do it. Because there is really no sentient being, such as Buddha. If there are sentient beings such as Buddha, Buddha has me, human beings, sentient beings and longevity. If the Buddha wants to have this idea, I will have the idea of sentient beings, I will have the idea of sentient beings, I am Buddha, and sentient beings are sentient beings, then the Buddha has four distinct phases: I, human beings, sentient beings and longevity. In fact, the Buddha does not have me, human beings and sentient beings. Therefore, the Buddha enjoins Subbodhi that you do not have the idea of Buddha's idea of sentient beings, and at the same time you do not have doubts. Therefore, tell him not to do is to read, that is what this means. Don't do this, Buddha has no sentient beings to be able to live, no sentient beings to become Buddha, and no Buddha to live. To eliminate this idea, although all sentient beings have Buddha nature, can they be enlightened by themselves if they do not listen to what has been said? What makes you practice to become a Buddha? This is a rhetorical question, that is, let us understand that Buddha is not persistent, nor does he have my own view, human view, sentient beings view, and longevity view. Buddha transforms all living beings into nothing. Buddha transforms all living beings into beings without seeing each other and without being able to transform. There is no Buddha who can be changed, nor is there any sentient beings that can be changed. Let's understand it this way. The meaning is very deep. Let's get rid of all persistence. Because we sentient beings know and see too deeply, especially we draw the common people and Buddha very clearly, which is wrong. For example: Patriarch Danxia, he broke the attachment of the master of a temple, that is, the master monk. Buddha's heart, the heart of all living beings; Buddha's image, sentient beings' image. Persistence is very serious, he went to visit him. Seeing the temple, he went to the main hall. It was winter and the weather was very cold. Patriarch Danxia took down the wooden Buddha statues and split them, lit a fire and baked them. The abbot monk, still can promise him? I started to argue with him. The abbot said: How do you split the Buddha? How did you burn my Buddha statue? He said: I am looking for sarira. The abbot monk said: What relic is in this wood? He said: Oh, there is no sarira in the wood. I'll burn another one if there is no sarira. How do you understand? He is breaking away from this master's knowledge and vision. He is too clear about the Buddha's vision, my vision and all beings' vision. He breaks away from his knowledge and vision. As soon as he burned, he said, ' I am looking for sarira.' Where is the sarira in this place? Where is the sarira in the wooden statue? Why did he worship him without sarira? What is he doing? I'll burn another one and the host will be enlightened. Do you know the reason for his enlightenment? He disavowed his knowledge. Buddha means there is no difference among all beings. The Buddha is wood, not the real Buddha. If we normally regard Buddha statues as wood, can you practice? We really regard the Buddha as the real Buddha. There are several aspects: to a certain kind of person, it is Zen meditation for that old practitioner. he reached the peak and was too clear about the difference between Buddha and sentient beings. Patriarch Danxia broke his belief. This is not something we can use casually. You also went to the temple to take a Buddha statue and split it, then you can commit crimes and shed blood. He didn't, so there is a lot of scripture, don't misunderstand. You must not do that until then. For example, a Zen master, who has been sitting and participating in Zen for 120 years, how can you compare? You can also go there and sit there. how can you compare yourself with him for more than 20 or 30 years? You can only gain by yourself. There was a man selling tofu. when he went to jinshan temple to deliver tofu, he looked at master sitting like this. he said, ' master, one year he also sits like this when delivering tofu, and two years he sits like this. is it any good to sit like this every day?' It must be good. He asked the guest teacher, I also want to sit down. The guest teacher said, ' No, how can you run and sit down?' He said, ' I will not sit inside. the masters will sit inside the door. I will sit outside the door and sit at the back door. is that possible?' The hostess asked him to grind and say, ' okay, okay, you are not allowed to talk or make any noise here.' He sat at the back, waited for a fight, and then said to the guest teacher, ' alas, I have gained a lot from this sitting.' The insider said: What have you gained? He said: I owe me the tofu account three years ago. I have long forgotten it. I remembered several accounts in this sitting. I should go to ask for the account and collect the money. What do you think of this story? How do you understand? Therefore, we should calm down, calm down the crazy heart and floating heart. Like him who has no wisdom, we can realize wisdom. Wisdom can illuminate itself, so-called open wisdom is open mind, open mind is wisdom, simply say wisdom now. Before wisdom comes to light, can it be life or death? In the past, present and future, you have known and completely laid down your body, mind and body, seeing that it is empty, that is the meaning. Buddha does not have sentient beings, nor does he have this idea. I am capable and sentient beings are what I am capable of. If there is such an idea, if he is not a Buddha, he will not succeed, that is the meaning. Subhuti certainly understood, so the Buddha asked Subhuti: Do you think so? The Tathagata's work is to chant me to save all living beings. What if there is such an idea? It is wrong. Subhuti, don't do is read, there is no sentient beings Buddha degree. I'll tell you the truth, in fact, there is not a sentient being who is Buddha. If the Tathagata wants all beings to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be able to be The Buddha has long been dead, without me, human beings, sentient beings and longevity. That's why he said: ' Buddha spends all day without seeing sentient beings.' Because the Buddha knows Subhuti still has doubts, his heart is still not clean, and he still thinks that all living beings are what the Buddha does. All living beings are enlightened by Buddha. Buddha is enlightened by being enlightened, so Buddha wants to be enlightened. Buddha replied: All living beings do not want me to do it, nor do I want to do it. Why? All sentient beings are full of Buddha nature. All sentient beings are Buddha. This everybody can want deep participation, all living beings are Buddha originally, born Buddha has no two, heart and Buddha have no two, no two is one. All sentient beings are Buddhas and are just lost in enlightenment. This truth should be taken into consideration. It's not that scripture can't be told according to the text, but that the participant is thinking. You have to see the body, and the body is the same. No matter what its appearance is, it is the same. For example: wood. If this wood is carved into a Buddha statue, everyone will offer it there and kowtow for worship. If this wood is made into a chair, all of us will sit on it and put it under our buttocks. One kowtows and worships every day and the other sits under his buttocks. Are these two the same? But they are all made of wood. It turns out that they are all made of wood. From this truth, we all realize that the essence is the same, and all living beings and Buddha are one body. He is lost and fallen, that is, all living beings. Has he realized? Enlightenment is Buddha. The Buddha is clear, clear, sentient beings are Buddhas, future Buddhas, Buddhas are accomplished Buddhas. One has become, one has not yet become, it turned out to be one. So Subhuti, the Tathagata, said, ' If there is me, there is no me.' I am a pseudonym, I am not me, then there must be me, but ordinary people don't think so, think it is me. He thought I said I was me, said I was not me, we can understand from what we said. As we say fire, fire is not fire. When talking about fire, it is not fire, but fire, not burning our mouths, burning our tongues, this pseudonym. But if you don't say fire, how can people understand that you mean fire? Let me understand here that this is a false statement. What about Buddha? Buddha is not Buddha, that's the meaning. So Subhuti, the Tathagata, said, ' If there is me, there is no me.' Tathagata said: I am not me. However, ordinary people are persistent, saying that I am not him or you, saying that I am me, respectively. Buddha said: Ordinary people think there is me. The Buddha was afraid of Subhuti clinging to the common people. The Tathagata said, ' The common people are not common people, but common people.' Every diamond sutra has a 30% discount, a pseudonym that follows the world, and an explicit truth. No, after that, they follow the world, so all Buddhas become Buddhas, and they also show that they are just like people. Just understand this truth. The Tathagata said that I am pure in nature, and that I am always happy and pure. I am always happy and clean, not ordinary people who are greedy, angry, stupid, ignorant and false, but I am false. Buddha said that I am always happy and I am clean and virtuous. Therefore, the ordinary people think it is me, and the ordinary people have me, some people, and some people's opinions. That is the ordinary people. Why? Is there birth and death in the heart of the common man, so it is called the common man. The heart of a saint has no birth and death. He is not the common man. The man who has realized Prajnaparamita is not the common man. The man who has lost the Prajnaparamita is the common man. Therefore, ordinary people are not ordinary people, and when ordinary people realize prajnaparamita, they are not ordinary people. Another kind of said, the heart can have some, can have some ordinary, the heart is incompetent, is not ordinary, is the equality law, the law is equal. It is the equality of the law and there is no superiority or inferiority, that is to say, the suspicion is completely removed, the transcendence is immediately entered, and Bodhi is established. That is the Buddha, and all beings are equal. Subhuti, what do you mean by cloud? Can you view the Tathagata in 32 phases? Subhuti, do you think Buddhism is thirty-two and eighty good? Subhuti said: So it is. Yes, it is like this. I view the Tathagata in 32 phases. The Buddha said Subhuti: If you look at the Tathagata in 32 phases, the wheel of the holy king is the Tathagata. If you think of yourself as a Tathagata with 32 phases, you are wrong. Why? There are also 32 phases in the runner king. isn't that why the runner king has become a Buddha? Hearing this, Subhuti made a wrong answer, so he quickly corrected it. Subhuti White Buddha said: Buddha, as I understand the meaning of Buddha, should not view the Tathagata in 32 phases. How should we view the Tathagata? Therefore, the dharma body is not a phase. Tathagata: such as person, such as motionless; Newcomers, come and not come. Should appear in the world, should appear. Dharma is dharma body, because Subhuti's perseverance has not been completely eliminated and there is still this problem. Therefore, the Buddha has raised such a question mark for him. It is supposed to be asked, but Subhuti does not know the meaning of Buddha, so he answered it easily and did not intend to answer it. If so, he is right. Buddha said he was wrong. What should he do? After the Buddha said this, he knew and understood that he did not view the Tathagata in 32 phases, because the runner king has 32 phases and is the same as the Buddha. The runner king is far from the Tathagata. How can he compare with the Tathagata? He saw that his thoughts and worries were not broken, so Subhuti immediately turned around and said that if I understood the meaning of Buddha and said that Buddha asked me, I answered casually. If you ask me further, I know what you mean. You should not look at the Tathagata with the thirty-two phases. You should not look at the Buddha with the thirty-two phases. Now Subhuti is completely clear. At this Prajna meeting, Subhuti has entered the realm of Great Bodhisattva. He is not the original two-way person, but only the person and me. He has already entered the court of justice, so he should not reply小丑带着一群坏人来进攻了,我可是在书上看到过,他以前,灭了很多城市,一直没人打得过他,就在人们没办法时,有五个元素战士用一把枪把他封印起来了,没想到他怎么又出来了,我们只能躲在家里,靠着望眼镜来观察外面的状况,小丑讲很多家破坏了,并杀死了很多乐高人,就在快要炸掉城市时,五个元素战士冲了出来,击退了很多怪物,最后把小丑击败了,看着保护家园的元素战士,一种强烈的想当元素战士的情感油然而生。红、黄、蓝、黑和我,也就是绿,共同决定去参加元素五年一度的元素战士选拨赛。首先,我们需要有很快的反应能力,四面八方都会有铁球悬浮在空中,任何一个铁球随时都会掉下来把我们压成泥。我一会跳过去,一会跳过来,一个也没打中,接下来又要有速度,一个个冲得比汽车还猛。最后,我们要用一堆破烂零件造东西,可以合作,我立刻叫来了红、黄、蓝、黑,我们用这些零件造了个巨大的机器人,每个部分都有一个人来操控,开始战斗就有人的东西坏了,我们接着去了小丑住的地方,听小丑的下一步计划,小丑一直抱怨皇帝不让他全国搜捕,他想了想,忽然叫了一声:“对啊!我可以把皇帝杀掉,然后自己再坐上皇位”。我想去告诉皇帝,但又怕皇帝不信,所以我们想出了个办法,小丑应该会制造一个大麻烦,让皇帝派走所有的守卫,再去偷偷杀掉皇帝,我们要在守卫刚走就立刻去告诉皇帝,小丑要来杀他,如果时间不够,小丑出门,红、黄、蓝和黑会去拦住小丑,让小丑越晚越好。果然,小丑派兵在很多地方制造了大麻烦,皇帝那派点兵,这派点兵,兵就没有了,我赶紧跑进皇宫里把事情告诉了皇帝,还让皇帝跟官员说,如果小丑来了,问他去哪了,你们就说我出去有事,很快就回来了。然后皇帝就和我出去把士兵们带回来,皇帝回来后小丑还没来,我就趁机躲在桌子下,又过来一会儿,小丑终于来了,这次小丑又给皇帝送来了一台乐高电脑,并教皇帝在上面玩游戏,皇帝玩的都停不下来了,小丑偷偷拿出了一把剑,用力向皇帝刺去,我使用木元素把剑挡住了有的还散架了,有的一踩就碎,有的一碰就碎,但最后还有一位强者靠着会飞来躲到现在,我们启动所以炮弹来炸他。最终,他在最后一刻被打了下来,我们胜了,还要五个乐高人也被留了下来接受训练跟着定位装置,我们到了一座火山脚下,我们坐着车一路开进了云里,可又不像云,因为云没有这么大一片的,听了当地居民的谈话,才知道这叫云海,在云海里的视线越来越模糊,能见度越来越低了,只能看见距离两米内的东西,突然,前面出现一块大石头,但司机有惊无险的躲了过去,可是又有一块大石头从山上飞了下来,车子也被撞到了很远的地方,还好经验丰富的老司机带我们走出了云海,来到了山上的火山脚下,一下车,我便马上冻的全身发抖,但我一转身,又被热得像夏天里的狗一样,真是冰火两重天啊!我们走着走着就要爬火山才行了,我们艰难的抓着山上突出的石头,一步一步往上爬,才爬到一半,黄就支撑不住了,他提醒我们别太累了时,脚没踩稳,掉了下去,但还好下面有个小平台,可黄还是受伤了,我们让黑去把黄送往附近的医院,其余人继续前进。等我们到山顶时,突然从旁边飞来了一桶油,让火山喷出了一点岩浆,差点溅到我身上来,幸好我躲得快,红和蓝一下子冲上去,想抓住扔油桶的人,但他们还不知道是小丑干的,此时,小丑又逃了,可我们再次用追踪器定位时,却发现定位显示在火山里,我们虽然觉得不可能,但还是去造了一艘高温潜水艇,再穿上防高温服,再叫上恢复了的黄,就开始下潜了,下潜一千米后还没见到任何可疑的东西,正当队员们准备放弃时,忽然出现一个房子一样的建筑,我们进去一看,什么也没找到,我们只好出去外面继续下潜,可温度升到四千度时已经不能再下潜了,已经是极限温度了,可定位显示小丑还在更深处,我们又不能下去抓小丑,也不能空手回去,我们只好把希望放在那像房子一样的建筑里,我们思考了很久也没想出一个办法我找到了他们并说明了情况后,市长又派了一百个乐高士兵去支援我们,二队也答应去支援我们。在过去的路上,我一直在通过装在红身上的微型摄像头找到他们。那个城堡的主人果然是小丑,他一副高兴的样子说:“这不是元素战士吗?想不到你们也有今天”。可小丑忽然又不高兴了,说:“怎么少了一个,绿呢?绿在哪?你们把他藏哪了”?“如果绿带着带着其他乐高人来救你们,你们就活不了了,他们关进监狱去”。小丑淡淡的说:“监狱里什么也没有,而且旁边关的都是前几天失踪的人,有些有用的可以去做士兵、?师和清洁工,没用的只可以被关着,并且只能吃别人吃的剩饭,有时候没有还吃不了。所以有人已经撑不住了,被活活饿死了”。我听到小丑说只能我一个人去救红他们,否则小丑就会杀了他们,但如果我不带士兵和二队,那我肯定打不过小丑,如果我带了军队,小丑又会把红他们杀掉,在我想不出办法时,白一看我这样,问我是不是有什么事,我把刚才看到的告诉白一,白一叫上了白二、白三、白四、白五一起来想办法,最后我们决定先让士兵造一百个救生船,然后我去城堡里吸引小丑的注意力,尽量拖延时间让二队去救红他们,再让五十个士兵去救其他被关在这里的乐高人,再留五十个士兵到大门口等我消息来支援我。我走到小丑面前,和小丑聊天,聊了很久,原来跟小丑聊天这么容易啊,我还以为小丑会怀疑呢,可小丑好像看出了我细微的变化,叫了诗歌乐高人去外面看看,回来后小丑一数。怎么只有九个回来了,这九个乐高人说他们中计了,有好多士兵在外面,那个乐高人死了。我知道情况不妙,赶紧呼叫了外面的士兵。然后小丑就让所有的乐高人来杀我,就在一堆乐高人围攻我,而且士兵又没来时,刚才那九个士兵跳过来,杀了好多小丑的军队,原来那九个乐高人分别是红、黄、蓝、黑、白一、白二、白三、白四、白五,我们一起战斗,打败了很多小丑的乐高人,最后我们去抓小丑,小丑坐上船逃了,我们也坐船追,市长也派了很多乐高军人一起去追小丑。就在快要抓住小丑时,小丑从船里拿出一个盒子,我们决定可能是什么危险的武器,一下子跳到他的船上按住了那个盒子,我们正想把盒子夺过来,黑却把盒子打掉在船上,盒子打开了。把我们和小丑一起吸了进去。第二天,我们凌晨四点就去了比赛地点,可我们一看,签名都排了五十个乐高人了,看他们一个个都很镇定的站在那,好像什么都不怕似的,我往前面一看,小丑竟然排在第一个,但好像有人不乐意似的,都动手打起来了,小丑把那个乐高人打的半死不活,旁边走来了一个官员,那个乐高人还指望官员替他主持公道,可是那个官员不但不说小丑,还给了这个乐高人一巴掌,并把那个乐高人踢出了这场比赛。后面的乐高人都紧握拳头,脸上写满了愤怒,但这又怎么样呢?没有人敢动小丑了,他们怕也被小丑给踢出去。我们知道他和皇帝有点关系,但也不能这样欺负乐高人啊,我们在这里肯定是不能动手打小丑的,这里这么多士兵和官员,都和小丑是一伙的。比赛中我进行的还算比较顺利,一直到了最后,小丑也还在场,他前面打败了好多很厉害,很强壮的乐高人,他毕竟是以前所有坏人的首领,我使出了所有学过的招式,但我明显打的比小丑吃力,我使用了元素之您知道吗?如果您口腔中镶嵌的假牙是含金属的烤瓷冠,在您需要做头颅x线、CT、核磁共振检查时,将会受到影响甚至拆除。非金属的二氧化锆对x线却无任何阻挡,只要镶入二氧化锆烤瓷牙,日后需头颅x线、CT、核磁共振检查时都不需要拆掉假牙,省去很多麻烦力,但小丑作弊,用麻醉针给我打了一头狮子的分量,明明裁判正好可以看见小丑作弊,洛溪是一只来自北方的老鼠,因为数爸爸要到南方去工作,于是洛溪一家就搬到了四季如春的滨海城市。刚来到一座全新的城市洛溪尽管很不习惯,但他对新的环境还是充满了好奇心。这座城市的街道弯弯曲曲的,一会高一会低洛溪走起来很累。“啪'的一声,路边的树上掉下来一个圆圆的黄澄澄的果子,差点砸到洛溪身上,他慌忙往边上一跳,仔细的看了看地上的果子,”哇“!洛溪惊喜的发现,原来是芒果!芒果也是洛溪一直喜欢吃的一种水果。原来在这座城市的路边栽满了芒果树,随处都可以看到掉在地上已经熟透了的芒果。洛溪立刻就喜欢上了这座城市。这座城市街道的两边栽着各种各样的树木,洛溪很多都不认识。看!那长着长长的胡须的是树爷爷吗?那一层一层像一把雨伞的是小雨伞树吗?”这个!这个!“洛溪高兴的跳起来,这一片树他认识,”这是椰子树!“洛溪喜欢喝的椰汁,就是这种树结的果实。这座城市不断地给洛溪带来惊喜,同时也有一些烦恼。就是晚上和妈妈一起散步时,经常能看到好大的”小强“在路上飞快地穿行。吓得洛溪和妈妈经常会跳跃着走路,不时会带来路人诧异的目光。好在惊喜多过烦恼,洛溪也就愉快的接受了新的环境但裁判视而不见,直接宣布小丑胜利,他是新一任大将军。从眼睛里的缝隙里我看二氧化锆烤瓷牙具有极高的品质,说其品质高不仅因为其材料,设备昂贵,更因为其运用了当今最先进的计算机辅助设计、激光扫描,再这天洛溪准备和妈妈一起去吃肯德基. 美味的鸡翅和鸡排刚放到桌子上,洛溪的口水就要流下来了。这是从门口进来一个风尘仆仆的母鸡,她悲痛欲绝的和厨师说:“我请求你杀了我,我要和我的孩子们在一。”厨师傲慢的看了一眼母鸡说:“你现在还不能死,你的任务是养育许多供我们食用的小鸡,这是你的荣誉,你应该感到自豪!”母鸡看了一眼厨师说:“我们想尽了一切办法,试图摆脱任人宰割,供人食用的困境,但每次的行动都以失败告终,不管如何的折腾,人们都在不停的钻研各种吃鸡的方法,炸鸡扒鸡烧鸡炖鸡。真是到了炉火纯青的境界!”母鸡说完,愤然的跳进热水里,用自己的翅膀掩盖住了孩子的尸体。。。。。。洛溪惊呆了,一股热泪涌上了双眼,望着手里的鸡翅,洛溪再也感觉不到它的香味了。洛溪决定以后再也不吃肯德基了。后来洛溪给海滨市长写了一封建议信,希望把鸡列入珍奇动物保护行列。洛溪耳边总能回想一个公益广告里面的话:“没有买卖就没有伤害!” 洛溪希望从自己做起。洛溪最近总感觉看东西模模糊糊的,一检查视力,原来眼睛近视了。于是,洛溪就到医院配了一个眼镜。带上眼镜后,洛溪顿时感到眼前明亮起来,心情立刻变好了。慢慢的,洛溪发现自己心情不好的时候,一带上眼镜,怒火就没了。洛溪惊喜的发现,原来这是一款魔法眼镜。学校里,有两个同学因为撞到一起,大声吵了起来,洛溪马上给他们带上了眼镜,两个人很快就和好了,成为了朋友;一个过马路的小女孩在路边左右徘徊,不敢贸然的过马路,洛溪跑过去说:“我带你过马路吧。”小女孩说:“谢谢!”路上小女孩说她一出生就看不见东西,如果能给她一天光明,她希望能看一看这个世界,能看一看她的爸爸妈妈。看着小女孩痛苦的表情,洛溪的心情一下子沉重起来,忽然,洛溪想起了自己的眼镜,她急忙追上小女孩说:“我有一副眼镜,你带上试一试。”洛溪摘下眼镜,戴在小女孩脸上,小女孩的心情立刻变好了,高兴的对洛溪说:“尽管我看不见树是什么样子,但我能听见树的声音;尽管我看不到太阳是什么样子,但我能感觉到太阳的温暖;尽管我看不到爸爸妈妈的样子,但我知道他们都很爱我,谢谢你,让我知道自己也是拥有很多的人。”洛溪发现这幅眼镜太神奇了,简直就是一个宝贝。越来越多的人因为这幅眼镜的影响变得幸福起来,越来越多的人感觉这个世界变得温暖了,友善了,和谐了,人的心也变得纯洁起来。洛溪希望有一天自己戴着这幅神奇的眼镜去猫国,让两国关系好起来,老鼠们再也不怕猫了,猫也不会在老鼠面前趾高气扬了,洛溪一直期待那一天的到来 第四章 整容洛溪从小到大一直都听妈妈讲:“猫家族和我们是天敌,一定不要去猫国王,如果路上不小心遇到猫,就要赶快逃走!”洛溪一直不明白,老鼠为什么不能和猫成为朋友呢?这天洛溪在电视中,看到了一个动画片叫《汤姆和杰瑞》。洛溪很崇拜动画片里的那只叫Jerry的老鼠。洛溪看完动画片仿佛明白了,只要长得漂亮,就不会再怕猫了。于是,洛溪来到滨海城最大的一个美容院,听说这里长得难看的人进去后,也能变得好看,洛溪兴奋了,他决定进去整容。过了好久,整形手术终于完成了。洛溪看着镜子,惊奇的发现他连自己都认不出自己了。洛溪走在大街上,整个滨海城轰动了,好多大人小孩儿围着洛溪拍照。电视台请他去参加节目,滨海城的市长也接见了洛溪,一时间洛克成为了名人。洛克感觉自己很有自信了,于是就乘车来到猫王国,他骄傲地对猫们说我:“看!我现在有多强大,我可以很容易就打败你们了。”于是,洛溪就和一支叫做加菲的猫进行决斗,结果洛溪惨败而归。洛溪终于知道了,漂亮的外表,不如有一个聪明的大脑由计算机程序控制研磨制作而成,尽显完美见红他们把我抬回床上,然后我就睡着了,我醒来时红他们说我已经睡了三天三夜,小丑已经把他能管的地方全部派兵搜捕我们,因为他和皇帝闹了点小矛盾,所以他不可以全国搜捕,说完蓝就给我拿了碗饭,我飞快的吃了下去,我完全恢复后就问二队怎么样了。

许家印致信全体员工

称坚信恒大能尽快走出至暗时刻


据财联社、证券时报e公司等多家媒体消息,9月21日中秋节,许家印致信恒大全体员工,感谢员工的辛苦付出并致敬员工家属。许家印在信中称,坚信恒大一定能尽快走出至暗时刻,一定能加快推进全面复工复产,一定能实现“保交楼”的重大目标,向购房者、投资者、合作伙伴和金融机构交出一份敢担当、负责任的答卷。


许家印 图片来源:视觉中国


附:许家印“家书”全文

各级领导、各位同事:


值此中秋佳节,我衷心祝愿你们及家人节日快乐、阖家安康!向仍然奋战在复工复产第一线的全体员工致以最诚挚的问候!


当前,公司遇到了前所未有的巨大困难,全体恒大员工都经受着从未有过的严峻挑战。各级领导排除万难、身先士卒、没日没夜,是保障公司大局稳定的中流砥柱。在这里,我向大家致以最真诚的感谢,向支持你们、默默承受了巨大牺牲的家人致以最崇高的敬意!


一直以来,我为公司拥有一支忠心耿耿、任劳任怨、不计得失的恒大铁军,感到无比自豪。我坚信,恒大人永不服输、越挫越强的精神,是我们战胜一切困难的力量之源!我更加坚信,通过各级领导和全体员工的共同努力、艰苦奋斗,恒大一定能尽快走出至暗时刻,一定能加快推进全面复工复产,一定能实现"保交楼"的重大目标,向购房者、投资者、合作伙伴和金融机构交出一份敢担当、负责任的答卷。


人心齐,泰山移!同事们,让我们更加紧密团结起来,以百折不挠的勇气,坚韧不拔的精神,全力以赴履行好我们的社会责任,共同创造美好的未来!


恒大近期不平静。9月以来,中国恒大流动性问题持续演绎,9月14日,中国恒大在港交所公告,如营运数据公告中所披露,本集团于2021年6月、7月及8月的物业合约销售金额分别为人民币716.3亿元,人民币437.8亿元,人民币380.8亿元,呈下降趋势。9月通常是中国房地产行业物业合约销售高峰,然而由于对本集团的持续负面新闻报道严重影响潜在购房者信心,本公司预期9月销售持续大幅下降,导致本集团销售回款持续恶化,进一步对现金流及流动性造成巨大压力。

除了财务方面的压力,许家印卸任恒大地产董事长职务、许家印的好友、华人置业主席刘銮雄及其妻子陈凯韵,就于近半个月内大举抛售恒大股份。刘銮雄夫妇在9月10日减持中国恒大2443.6万股,套现8751万港元。

恒大汽车上半年营收
大部分来自健康管理业务

据恒大汽车发布的2021年半年度业绩报告,恒大汽车今年上半年营收为69.23亿元(健康管理营收68.86亿元,新能源汽车产业营收0.37亿元),同比增长53.5%;恒大汽车整体亏损48.22亿元,同比扩大96.25%;毛利为2.47亿元,同比下降80.41%;毛利率由上年同期的27.99%下降至今年的3.57%。

对于公司整体亏损大幅扩大,恒大汽车方面在财报中表示,该公司正处于拓展新能源汽车业务的投入阶段,新能源汽车业务的市场推广费用及研发投入增加。从2019年到今年上半年,恒大汽车已累计亏损超174亿元。

汽车行业属于资金密集型和技术密集型行业,截至2020年12月,恒大在新能源汽车产业已累计投入474亿元,其中研发投入高达249亿元。按原计划,恒大汽车旗下的恒驰系列产品在今年上半年启动试生产,下半年开始陆续实现量产。


据广州日报报道,恒大汽车仍正推进恒驰的量产,恒驰已分别于今年2月、9月,在内蒙古牙克石、新疆吐鲁番和海南琼海完成冬季及夏季测试。日前,恒驰5、恒驰7等车型正在广州、深圳、天津、三亚等城市进行路试。

不过,由于恒大汽车当前承受资金压力,其量产计划或存在变数。日前,陷入困境的恒大为了自救,拟出售汽车与物业部分股权。


“恒大事件”高人解读,信息量很大

来源| 行业研究报告


1、恒大近况


结论:恒大实质性破产重组在所难免,名义上或称软着陆。原因如下:


1)恒大未来将无经营性现金流入。恒大8月销售金额381亿元,同比下滑26%。目前恒大财富发生挤兑事件,民众对恒大期房竣工信心丧失,预计恒大未来销售将进一步下滑,甚至归零。叠加融资通道不再顺利,除了变卖资产,恒大没有任何现金流入。



2)一年内的大额刚性支出犹存。截至1H21,恒大的短期借款2,400亿元,一年内应付供应商贸易款高达5,824亿元,仅这两项支出合计就超过8,000亿元。目前供应商对恒大的信任已消失殆尽,不给现金不发货。


3)微观调研来看,恒大内部对地方公司的糟糕情况可能也不甚了解。恒大目前800多个项目中有500多个项目处于停工状态。其中安庆,泰兴,等地方的土地款都尚未支付;宿迁,漳州等地的项目被多次抵押,一房多卖;甚至一些地方的受银行监管的资金已经被挪用。


4)前期营救机会错失。根据我们的信息渠道,恒大自春节前至今,向中央上交过多次破产方案,均被上面否决。我们认为恒大或瞒报了部分情况,或中央低估了恒大的困难程度。


综上,我们预计恒大未来实质性破产概率较大,但在对外公布时,考虑到系统性风险较大,或称软着陆。在清偿顺序上,我们认为将是保已售项目竣工优先,供应商欠款优先,金融机构的借款殿后


2、可能的处置方案


目前在恒大的资产处置方面,我们得到的消息显示:


1)中央要求恒大保证已售项目的交付工作,未出售项目和已建成的大楼等资产将会出售。其余土地资产等,将用来冲抵债务。


2)对于金融机构借款等债务,可以展期的,要求展期。


3)中信集团等机构将会介入托管恒大的资产,广东省已聘任德勤做外部审计,审计恒大可变现资产的真实价值(主要是旧改项目)。


4)恒大香港大楼预计将会出售给越秀,价格还在商议。


5)恒大物业方面,预计在低于300亿元市值的基础上,会有1-2家头部物业公司去洽谈如何收购。恒大财富宝事件爆发后给出的补偿方案中提到,购买了恒大理财产品的业主可以通过抵扣未来的物业费当作兑付,我们预计恒大物业的价值受此牵连将有所降低。


3、短期资金缺口推演


极其乐观情况下,恒大短期资金缺口仍超1000亿元。


1)表内表外负债合计或超3万亿元。截至1H21,恒大表内负债总额1.97万亿,其中有息负债5,718亿元,一年内到期的有息负债+贸易应付账款(欠供应商的钱)合计已超8,225亿元。账面货币资金仅为868亿元,且此部分资金或仍有水分。这还未考虑到表外负债,市场保守估计表外负债或超1万亿元


2)恒大土储看似货值大,但水分也大,变现难。截至1H21,中国恒大土地储备项目778个,总规划建面2.14亿方,土储原值为4568亿元。土储对应货值虽然名义上超过2万亿元,但我们认为其变现难度大。因为恒大的土储中三成以上在低能级城市,且四五线中不可售部分的车位和商铺也被记成土储,水分大。


此外,此前金茂,万科,碧桂园等房企都与恒大洽谈过项目出售事宜,都没达成合作。我们认为恒大土储真实变现价值较低


3)旧改项目质量相对较好,但需分拆卖出才有变现可能。截至1H21,恒大拥有旧改项目146个,其中位于深圳的有61个。我们预计深圳这部分项目质量相对较好,若能拆分卖出,乐观情况下预计能换回1000亿元现金。


此前建发和金茂都曾与恒大有过谈判,据透露,恒大旧改项目存在超额融资情况或有隐性雷点存在,整个谈判周期较长。且旧改整个体量较大,需要分拆才可能有买方接手。


4)资金缺口超1000亿元。假设在政府帮助下,购房者信心恢复,恒大未来一年还能顺利销售回款5000亿元(极其乐观的假设),旧改项目顺利卖出合计1000亿(一年内全部卖出也是很乐观的假设),恒大物业能卖出300亿元,且1年内的贸易应收款489亿元全部收回,那距离偿还一年内到期的有息负债和供应商的应付账款的8,225亿元,仍有超过1000亿元的资金缺口。


这还没有考虑到恒大财富的挤兑,以及员工的应付薪资,有息负债对应利息和新增的营业成本。



4、对地产行业的影响


短期行业发展速度放缓,加速出清。对整个地产行业来说,当前无疑是困难阶段。行业整体融资难,销售下行,且调控政策尚紧。


统计局数据显示,全国今年8月商品房销售额同比-18.7%,加速下滑,1-8月销售额累计值同比收窄至22.8%;8月房屋新开工面积同比-16.8%,1-8月累计新开工面积同比增速降至-3.2%。我们预计现金流压力较大的房企或将挺不过今年Q4。行业将在今年年底加速出清



房企流动性紧张传导至土拍流失加剧,地方政府财政压力高企向中央救援。恒大事件爆发,已经造成行业信用风险蔓延,金融机构对房企的厌恶情绪上升。各大地产公司的信用融资受到影响,叠加销售下行,现金流压力普遍很大。地产行业整体性流动性紧张,这已在近期土拍中有所体现。具体来看:


①统计局数据显示,8月全国土地成交价款同比-10.5%,1-8月累计同比-6.2%;


②上周福州、青岛、济南、天津等城市完成土拍规则调整后的二次集中供地,四座城市溢价率均下降,流拍率均上升。福州、青岛、济南、天津二次供地的流拍率分别为32%、10%、35%、34%,第一批集中供地时的流拍率分别为13%、2%、5%和22%;


③本周杭州、沈阳、合肥二次供地均大比例流拍,成都二次供地共推出19宗,其中15宗底价成交。土拍降温将加大地方政府的财政压力。


以去年土拍市场火热,土拍收入全国排名第二的杭州为例。杭州2020年住宅类土地成交总价2138亿元,此外还新发行了超过1300亿元的城投债。今年1-8月杭州住宅类土地成交金额为998亿元,仅为去年的47%。而今年1-8月,杭州新发城投债规模已达1171亿元。近期的土拍流失加剧,地方政府财政压力之大可想而知


④部分财政压力大的地方政府已开始向中央求救。根据我们的调研,河北、山东、安徽地方政府在面临土地出售困难后,都已开始向中央求援。此外,我们还了解到多个省份的地方政府已向中央递交了其他多家民营房企的纾困名单



地产产业链公司或面临应收账款减值风险。与恒大有合作关系的公司众多,其中也有不少上市公司,比如东方雨虹、坚朗五金、欧派家居、索菲亚、老板电器等,这些公司或面临应收账款减值风险。


举例来看,老板电器有恒大的应收账款大约3亿元,是其2020年净利润的17%。恒大对产业链公司的业绩影响不容小觑。详细产业链公司名单、市值和PE估值情况见附录1。


5、近期风险较大的房企


根据我们的调研,近期融创中国、绿地控股、富力地产、荣盛发展、蓝光发展、花样年、新力地产、阳光100等房企都面临了现金流紧张的困难。这些房企1H21的有息负债规模合计达9881亿元,其中短期借款合计3252亿元。账面货币资金合计为2670亿元,现金短债比为0.8。



6、对银行授信的影响


更倾向于选择国企房企,对民营地产公司的授信额度可能进一步收缩。


7、对国企开发商的影响


相对受益。短期销售竞争加剧,但拿地竞争变小,国企开发商未来竞争更具优势。

因为民营房企资金紧张,拿地更为谨慎,国企后续拿地方面的竞争或变小。但销售方面短期竞争变大。


民营房企的信用债发行受恒大事件影响变得更为困难,销售回款对民营房企的重要性变得很高,我们认为下半年销售竞争会十分激烈。


8、对民营开发商的影响


受影响很大。在信用、销售和未来的发展战略上,都有深刻影响。


1)信用连带受损,金融机构对民营开发商厌恶情绪上升,后续融资更为困难。


2)民众对民营房企的品牌信任度也随之降低,后续民营房企的销售恐怕也将进一步恶化,进而影响后续的拿地、开工和竣工等一系列进程。


3)发展战略转变。我们认为民营房企即使度过这段艰难时刻,鉴于当下拿地放缓,未来规模也将收缩。而长期来看,主观意愿方面,民营房企未来也不会再过度注重规模。客观上,国家也会有意控制民营企业发展得过大。


9、未来可能的投资机会


对于后续可能的投资机会,我们分3种情况来讨论。


情况1:大量注资,恒大得以盘活。如果此种情况发生,则地产板块将全部受益。我们认为这种情况可能性很小,故不过多讨论。


情况2:恒大实质性破产,且政策依然不放松。预计涉及民生的已售房产竣工将优先得到保障,员工薪资和供应商的欠款将优先偿还,金融机构的借款将殿后,我们预计大部分借款将无法偿还。


地产行业发展放缓,进而向上下游传导,经济增速将放缓。二级市场方面,地产板块估值将进一步受到压制,地产股难言机会。但如果部分头部房企超跌,则仍有反弹机会。


我们认为在这种情况下,保利地产、万科、华润置地等头部企业,龙湖、旭辉等资质好的民企,超跌后会有进一步的机会。


情况3:恒大实质性破产,但政策边际小幅放松。我们认为这种情况发生的概率最大。根据我们此前与政府人士的沟通,政府内部对经济下行也是充满担忧。就连上海的区政府级经济工作会议,近期也从以往的一个月召开一次改为一周召开一次。但因此次收紧政策自7月开始,政府同时也担忧短期政策反复会影响房住不炒的政策定力。


我们认为,在当前这个环境下,恒大事件已有引发系统性风险可能,叠加疫情反复导致经济复苏不佳,当下让经济平稳着陆或比坚持部分政策定力更为重要


我们预计未来1-2月,按揭方面的政策或有放松可能。流动性若得到修复,地产板块将迎来估值修复行情,物业板块估值也将随之修复。

来源:天府时谈

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