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1905 movie network news As the National Day of 2020 is approaching, Wanda Film and Television Group has released the 2021-2022 annual film list. A number of key film and television works of the group’s three companies, Wanda Film and Television, New Media Eslite and Chengya Film and Television, have unveiled the mysterious veil. There are not only super IPs such as the highly anticipated "Dragon Seeking Art 2", but also science fiction masterpieces such as "Folding City" adapted from the Hugo Award-winning novel "Beijing Folding", as well as covering high-potential genre films such as "Manslaughter 2" and "I Want to See You" movie versions. At the same time, there are also many high-quality dramas such as "Young People Under the Yangmen", "Thank You Doctor", "Legend of Immortals and Swords", "Trumpeter in Place" and "Romance".

Focus on cinema powerhouses

As an advocate of "high-quality content + industrial production", Wanda Film and Television’s film list this time is full of surprises, among which the continuation of super IPs such as "Detective Chinatown 3" and "Dragon Seeking Art 2" is the most eye-catching. Taking "Detective Chinatown 3" as an example, the film is still the highest-rated film on the dual platforms of Cat’s Eye & Taobao Tickets. The cumulative number of people who want to watch it on the dual platforms exceeds 10 million, establishing a hegemonic position in the future schedule.

With the maturation of the Chinese film market, "genre films" will become an important source of box office output in the future. Wanda Pictures’ film list also confirms this trend, including science fiction, suspense, youth, love and other strong genre films. "Mozart in Outer Space" directed by Chen Sicheng, "Cosmos Exploration Editorial Department" supervised by Guo Fan, and "Folding City" based on the Hugo Award novel "Beijing Folding" will greatly satisfy the needs of science fiction fans. Including "Mistake 2", "Swallowing the Sea", "Three Battalions" and "Mystery" and many other detective and suspense works will also continue to burn the brain of the big screen. At the same time, youth love themes such as (tentatively named), the movie version of the phenomenal TV series "I Want to See You", and the high-scoring online drama adaptation "I Don’t Want to Be Friends with You" can not only continue the popularity of the previous work, but also meet the needs of young audiences.

In addition, the aerospace theme "Shenzhou" and "Forty-three Days of Shangganling", which tells the story of resistance to the United States and aid Korea, are closely related to the main theme film and the spirit of inheritance across the times, which also makes the industry and beyond shine.

Create a high-quality drama series

As the record label of the TV series under Wanda, the works launched by New Media Eslite this time are closely related to the hot pulse, covering the three mainstream themes of the times, family and the workplace. The third installment of the "Under Zhengyangmen" series, "Young People Under Zhengyangmen", focuses on the history of young people’s youthful struggles and shows their vibrant spirit. For mainstream family audiences, the three works of "Dear Parents", "Dear Children" and "Full-time Dad" work together to bring the ups and downs of Chinese families. "Thank You Doctor" starring Yang Mi and Bai Yu focuses on medical care, while "Cm of Love" starring Tong Liya and Tong Dawei tells the urban marriage between a female captain and a male doctor.

After the success of "White Head of Twilight" and "Glazed Glass", the new media Eslite will launch more masterpieces on the theme of ancient costumes and heroes in the next two years. The most concerned are the new "Legend of Immortal Sword and Fairy", which is the masterpiece of "Xianxia", and the adaptation of another popular novel by its author Guan Pingchao, "The Story of Burning Souls". In addition, there are many adaptations such as "Youth Sifang Zhi", "Dream Awakening Chang’an" and "Agarwood Fragrance", which lead the audience to walk through the novels and experience the touching love and hate in the rivers and lakes.　

At the same time, industrialization and refinement are not only at the film level, but also a series of super dramas such as "Trumpeter in Place", "Air Battle" and "Female Soldiers Array" are all key projects dedicated to the 100th anniversary of the founding of the Communist Party.

Create online high-quality products

Nowadays, online drama series and online movies are attracting more and more attention. Shooting high-quality content and rich and diverse genres will undoubtedly become a major trend in the industry. In this regard, Chengya Film and Television, a subsidiary of Wanda Film and Television Group, focuses on the production of online student content and dramas, striving to meet the multi-faceted needs of audiences by producing rich and high-quality content.

The company will make efforts in the field of high-quality dramas, assembling high-quality content and heavy creators. Currently, there are blockbuster dramas such as "Romance" and "Riding the Wind and Waves" in preparation. Among them, "Romance" is adapted from Xia Yan’s play "Under the Eaves of Shanghai", which tells the different fates of different characters from different classes in the national era. The play is directed by Zhang Ting, who filmed "Daming Fenghua", and brings together Yao Chen, Fan Wei and other powerful actors.

In addition, it will also focus on the development of high-quality online movies, and will produce a series of films including "Airborne Platoon", "Security Diary" and "Powerful Miracle", hoping to surprise audiences with rich emotions.

Wanda launched the 2021-2022 film list on the eve of the first National Day after the resumption of work, with more than 40 new works spanning the three major fields of cinema movies, online dramas, and online works. This will undoubtedly send a strong signal to the industry and beyond, and also convey more positive messages.

When it comes to the regions with rapid economic development in our country, many people first think of East China. Jiangsu, Zhejiang and Shanghai, which are firmly in the top three, are a must for major hotel groups, and the brand is reborn one after another. In the six provinces of East China, Shandong, which used to be dominated by traditional industries, has taken its economy to a new level with the upgrading and transformation of its industries. At the same time, the tourism industry is also recovering strongly, and its hotel investment market prospects have been "re-recognized" by industry people.

Shandong Qingdao city night view

Shandong hotel market urgently needs brand upgrade

Yicheng Liquor Tube X Migao Group joins forces to develop

Shandong Yantai, Weihai, Jinan, Linyi, Jining and other cities each have their own leading industries in sub-sectors. In recent years, the scale of the introduction of high-tech manufacturing has increased rapidly.

Under the blessing of profound Qilu culture and rich tourism resources, Shandong has also become a national leisure and vacation destination. In 2021, Shandong received 730 million tourists, and the total tourism revenue was 827.86 billion yuan, an increase of 26.6% and 37.5% compared with 2020; from January to February this year, Ctrip data showed that the number of tourism orders in Shandong Province surged by 31%, and the overall tourist arrivals showed double-digit growth.

According to the China Hotel Association "2021 China hospitality sector development report" data shows that the number of hotel rooms in Shandong is 920,000, the volume ranks fifth in the country, of which economy hotels account for 59.3%, mid-range hotels accounted for only 32.9%, compared to Guangdong, Zhejiang, Jiangsu and other provinces and cities, economy hotels are relatively saturated, mid-range hotel inventory is not high, hotel grades are more scattered, service quality is uneven, brand need to upgrade.

"Under the favorable factors of the double improvement of GDP and tourism income, in the medium and long term, the demand of Shandong hotel market will continue to increase. In addition, the chain rate of its hotels is only 32.5%, and the development space of brand chain is relatively large. At the same time, the demand for hotel brand upgrading will also increase greatly." Ms. Zhou Qunxia, chief operating officer of Yicheng Liquor Management, is very optimistic about the development prospects of Shandong hotel market.

After several rounds of market surveys and multiple contacts, Yicheng Liquor Management decided to make a strategic investment in Shandong’s Migao Fashion Group (hereinafter referred to as Migao Group), and established Beijing Yicheng Migao Hotel Management Co., Ltd. (hereinafter referred to as Yicheng Migao) to deeply layout the Shandong and northern stock markets with a three-dimensional brand matrix.

The signing ceremony of strategic investment of Yicheng Jiuguan x Migao Group

Michael Group has been deeply involved in the Shandong hotel market for ten years

Under the depth of Yicheng wine management, the brand Shengwei is empowered

Miko Group has been deeply involved in the Shandong market for ten years, and has become a shining local business card with precise positioning, integration into local culture and affordable luxury enjoyment. It owns two brands, "Miko International Hotel" and "Miko Fashion Hotel". Miko International Hotel aims at the middle and high end of the lower-tier market, focusing on 3-5 tier cities. Miko Fashion Hotel is positioned as a mid-range hotel brand, and deploys the Shandong market with a large-scale three-dimensional matrix.

With deep accumulation in the lower-tier market, cost-effective products and services and good customer reputation, Migao Group’s operating performance recovered strongly in 2021 and returned to the same period in 2019. As of March 2022, Migao Group has 35 stores nationwide, of which 18 hotels are deeply rooted in Shandong, covering 13 cities in Shandong Province, including Jinan, Yantai, Weihai, Linyi, Liaocheng, Weifang, etc., and has been located in the capital Beijing, Suqian, Jiangsu, Yichang, Hubei, Chifeng, Inner Mongolia and other places.

"Michael Fashion Hotel" and "Michael International Hotel" two major brands

Under the trend of chain, branding, digitalization and high-quality development in the hotel market, Miko Group hopes to seize market opportunities, upgrade the quality of products and services, and exert its influence to accelerate the scale development of the lower-tier market. To achieve this goal, a large number of professional talents, IT technology and supply chain support are required, which is difficult for regional brands to have.

As a professional hotel management company on the technology platform of Yilong Hotel, Yicheng Liquor Management can help cooperation and franchise hotels upgrade products and services, enhance brand value, and improve store operation efficiency through three empowers of "brand, marketing, operation" and six major powers of "system, engineering, data, talent, technology, and finance". At the same time, through refined management, it can improve store operation efficiency. This is exactly what regional brands such as Migao Group urgently need. The strong alliance of the two sides can just complement each other’s advantages.

Through this strategic investment, Migao Group’s brands will accelerate their development under the authorization of "Eilong", with "Eilong Migao International Hotel" and "Eilong Migao Fashion Hotel" as the main brands, taking the homecoming experience as the root, ensuring that customers can obtain a homecoming-like warm and high-quality living and service experience at a light consumption level, and leading the industry from the new trend of "heart" service.

Yicheng Liquor Management will promote the all-round upgrade of the two main brands while maintaining the continuous and stable operation of the hotels under the Michael Group, and form typical cases and entry points to help Shandong and even more northern stock market hotels upgrade from economical to medium and high-end, improve the online and chain rate, and promote the overall market brand upgrade.

Double growth of branch volume and market territory

Yicheng wine pipe transmits eLong temperature in the stock market

After decades of development, China’s hotel market has entered the existing market from an incremental market, with hundreds of thousands of individual hotels and economy hotels to be chained and brand upgraded. Since its official entry into the market in 2021, Yicheng Liquor has put forward three core strategies of "multi-brand matrix, multi-brand alliance, strong service and heavy operation" for the existing market, striving to help investors and franchisees achieve investment value and maximize store operation efficiency.

Yicheng Liquor has been established for less than a year, and the brand matrix has included high-end, mid-end, mid-end, and light mid-end hotel grades. It has incubated multiple hotel brands to match the needs of the existing market, such as Zhenxuan high-end hotel brand "Yilong Xi Cheng International Hotel", light luxury mid-to-high-end hotel brand "Yilong Langyue Hotel", diversified mid-to-high-end hotel brand "Yilong Ruiyun Hotel", fashionable mid-end hotel brand "Yilong Yitang Hotel", and dynamic light mid-end brand "Yisuan Hotel".

Yicheng wine management brand matrix

This strategic investment in Miko Group is the embodiment of the development strategy of Hezhong Alliance in the three core strategies of Yicheng Liquor Management. Yicheng Liquor Management not only quickly penetrated the stock cities in Shandong market, but also expanded its brand matrix again, filling the brand gap in the lower-tier market. The brand matrix grade is more rich and three-dimensional.

"In all parts of the country, especially in the lower-tier market, there are many regional hotel brands with their own characteristics. They have the advantages of local property and customer base resources. Yicheng strategically invests in Migao Group and launches a new company in a joint venture. Join hands with’Yilong ‘and empower Migao, which can not only retain Migao’s brand influence in Shandong and the north, but also give full play to the industrial chain of Yilong Hotel Technology and the empowering advantages of Yicheng Winery. The combination of the two parties will be able to quickly establish the brand influence of Yilong in Shandong and the northern market." Ms. Zhou Qunxia, chief operating officer of Yicheng Winery and CEO of Yilong Migao Brand, said.

Although Yicheng Liquor’s brands are blooming and the hotel styles are different, its "Yilong Temperature" quality service has always been constant. Yicheng Liquor builds a standardized service process around the core value of "quality, wisdom, temperature", and has an exclusive butler service system that connects online and offline "Cheng Xiaoyi", striving to achieve a consistent check-in experience in thousands of stores and give customers a good accommodation experience.

"Cheng Xiaoyi" exclusive butler service system ensures a consistent check-in experience in thousands of stores

The trillion-dollar hotel stock market is facing new challenges. The addition of Yicheng Migao adds a powerhouse to Yicheng Winery. After deeply empowering its stores to improve operational efficiency, Yicheng Winery will assist Yicheng Migao Hotel to make great strides towards large-scale development, develop in depth in Shandong Province, and actively expand the northern market.

Yicheng Liquor has now covered 23 provinces and 78 cities across the country. With the official establishment of Yicheng Migao, Yicheng Liquor has opened a new chapter in the lower-tier market in East China and even the whole country.

At a time when the epidemic is normalized, the recovery of the hospitality sector to boost performance is still a tough battle. Zhou Qunxia said: "In the face of new opportunities and challenges, Yicheng Liquor Management will put more energy on the stock market, use the management method of’seeing different, feeling consistent ‘, do a good job in operation services, continue to pass on the right care to consumers, and at the same time reduce costs and increase efficiency for investors and franchisees to achieve better returns, and pass on Yilong temperature with an open and collaborative attitude."

Everyone is talking about intelligence, so what is intelligence?

We have different understandings of intelligence. Some people will think that it is intelligent to make vehicles realize the real automatic driving, and it is true that both the new car-making forces and traditional car companies are constantly developing the technology of automatic driving, and have made some achievements. However, at this stage, it may still be too abstract to make vehicles truly realize the automatic driving.

So in my opinion, making the vehicle an intelligent mobile terminal may be more in line with our demand for intelligence. So, is it easy to make the vehicle an intelligent mobile terminal?

Undoubtedly, the answer is yes. This time, the test drive of the AITO Interface M5, which is provided by Huawei with technical support and led by R&D, and designed and manufactured by Jin Kang Sailis, has already achieved the goal of making the vehicle an intelligent mobile terminal. So how is it realized? Today we will start with the intelligent terminal operating system and HarmonyOS system!

It is said that Huawei doesn’t build cars, but the AITO M5, which has a high proportion of Chinese flavor, has indeed revealed their ideas to us, and the HarmonyOS system carried in the car is the first storm to traditional car companies and new car-making forces, and it is also an innovation in automobile intelligence.

When you enter the car, you will find that the interior of this AITO mobile phone M5 is the same as Huawei’s mobile phone design, and the same subtraction has been done. In this era of reducing physical buttons, I think the designer is also keeping up with the pace to eliminate its physical buttons, so it is necessary to do the utmost, so what is finally presented to us is such a minimalist design. Nevertheless, the exquisite materials make this AITO mobile phone M5 look like a luxury car.

Nappa leather and wooden decorative boards can be seen everywhere. The 15.6-inch central control large screen equipped with HarmonyOS system can find many familiar functions besides the conventional vehicle settings, such as Xiaoming’s smart refueling, Sina’s news service and easy charging. You can also use more entertainment functions, such as DouYu, cool dog music, Youku video, cloud listening, etc. If you think it is not enough, then you can use Huawei’s application market to download it.

If you don’t want to open its application menu, then you can add commonly used functions to the shortcut bar, which will make our operation more convenient.

In addition, its A-pillar is equipped with a face recognition camera, which can meet a demand of family multi-person car. Through face recognition, personalized sitting posture and exclusive driving mode can be adjusted.

When it comes to intelligent products, how come there is little voice control? Compared with those one-on-one conversations, the voice interaction system of AITO ask M5 is closer to reality, and Xiaoyi can recognize continuous voice. Compared with those mechanical voice assistants, the voice interaction system of HarmonyOS is more gentle and more real. Interestingly, it is also equipped with children’s voices. Listening to the gentle voice of children, I believe that the voice interaction experience at this time will be fresh.

This is not so much a car system, but rather an enlarged screen of your smart phone and placed it in the position of the center console. It can do almost all the functions that a mobile phone can do. Perhaps this is the most ideal smart mobile terminal in our minds.

Speaking of intelligence, commuting is still one of the most important attributes of a car, so meeting commuting is more than just driving. Sometimes we need to care more about the feelings of passengers such as friends and family. The ride space is also a criterion that a car can’t avoid. What is the space performance of the M5 in AITO?

For me who is 170cm tall, there are two fists in the back leg space and two fists in the head. I think its overall space performance is very satisfactory, especially its seat is very soft, so the feelings of family, friends and other passengers will be very good, and it will also equip you with an oversized panoramic skylight, and your vision will be more transparent.

Q: How does the M5 feel when driving?

It is an extended-range vehicle, so its WLTC cruising range reaches 1100 kilometers, which can fully meet our needs. The driving experience of the whole vehicle is stable. If you adjust the driving mode to sports mode, the pedal response will be very sensitive at this time, and the overall power output will be very violent. It is worth mentioning that it can accelerate 100 kilometers in just 4.4 seconds, and the power output is quite excellent.

On the whole, the comfort of driving experience is definitely a big part. Its chassis and suspension can give people a very advanced texture, especially when you pass some potholes, there will be no extra bounce in the car, and it will pass very calmly. The last point is about its NVH performance. When you cruise at 80KM/H, there will be no excessive noise and noise in the car. The overall feeling is very similar to that of a luxury car.

Moreover, this range extender also uses a four-cylinder engine, so the ride comfort of the whole car is also very good.

Finally, let’s talk about the appearance design of AITO’s M5. First of all, it is still very different from some new energy vehicles we imagined. It is more like a traditional fuel car, and its air intake grille looks very similar to many fuel cars now. There is also a fault LED daytime running light, which looks very recognizable.

When you come to the side of the car body, you will find that the lines on the whole side of the car body are very smooth and look very full. Of course, it also uses a hidden door handle. It is worth mentioning that the calipers inside the wheel hub are painted in red, and the sense of movement is still very strong.

The rear of the car is also designed with through taillights, which is very in line with the current aesthetic needs. The most important thing is the charging port, which supports the reverse power transmission function. When traveling outside, this M5 can be used as a large charging treasure to charge or use electricity for some of our electrical equipment, which will bring us a richer car experience.

Intelligent HarmonyOS system, vehicle texture, strong power output, and can meet our diversified car demand. In any case, we should not regard this AITO car M5 as a simple means of transportation, it is more like a large-scale intelligent mobile terminal device, and on this basis, it has added the demand beyond our daily car. I have to say, this AITO car M5 is really impressive. And I believe it can definitely make great achievements in this era headed by technology and intelligence. When the car becomes an intelligent mobile terminal device, I believe it can bring more wonderful experience to our car life!

Press conference site (photo by Huang Yuting)

On January 17th, Jiangxi Provincial Government Information Office and Nanchang Customs jointly held a press conference on Jiangxi’s foreign trade import and export in 2019. Zhou Weiying, deputy director of Nanchang Customs and member of the Party Committee, introduced the import and export of Jiangxi’s foreign trade in 2019. Bu Yangang, director of commodity inspection department of Nanchang Customs, Huang Qifeng, director of statistical analysis department of Nanchang Customs, and Tang Fujiang, deputy director of enterprise management and inspection department of Nanchang Customs, attended the press conference and answered questions from reporters. Li Feng, deputy director of the Foreign Information Office of the Provincial Government Information Office, presided over the press conference.　

Li Feng, Deputy Director of the Foreign Information Office of the Provincial Government Information Office (Huang yuting　Photo)

Li Feng:

Dear journalists and friends,

Good morning everyone! Welcome to the press conference on the theme of "studying and implementing the spirit of the Fourth Plenary Session of the 19th CPC Central Committee and promoting high-quality leap-forward development in Jiangxi" held by the Information Office of the Provincial Government. Today, we are very pleased to invite Mr. Zhou Weiying, deputy director of Nanchang Customs and member of the Party Committee, Mr. Bu Yangang, director of commodity inspection department of Nanchang Customs, Mr. Huang Qifeng, director of statistical analysis department of Nanchang Customs, and Mr. Tang Fujiang, deputy director of enterprise management and inspection department of Nanchang Customs, to introduce Jiangxi’s foreign trade import and export in 2019 and answer your questions.

Let’s ask Deputy Commissioner Zhou Weiying to introduce the relevant situation.

Zhou Weiying, Deputy Commissioner of Nanchang Customs and Member of the Party Committee (photo by Huang Yuting)

Zhou Weiying:

Dear journalists and friends,

Good morning everyone! Nice to meet you. Today is the first press conference of Nanchang Customs in the new year. I would like to take this opportunity to express my heartfelt thanks to the media friends who have long cared for, supported and helped the customs work. Below, I will first report the import and export situation of Jiangxi’s foreign trade in 2019, and then answer your questions.

In 2019, the total import and export value of Jiangxi’s foreign trade was 351.19 billion yuan, an increase of 11.1% over 2018. Among them, exports reached 249.64 billion yuan, up by 12.3%; Imports reached 101.55 billion yuan, an increase of 8.2%. The growth rate of Jiangxi’s import and export, export and import was 7.7, 7.3 and 6.6 percentage points higher than the national average in the same period respectively.

In dollar terms, the total import and export value of Jiangxi’s foreign trade was US$ 50.92 billion, an increase of 5.7% over 2018. Among them, exports reached 36.2 billion US dollars, up by 6.6%; Imports reached US$ 14.72 billion, up by 3.3%.

In the past year, Jiangxi’s foreign trade showed the following six characteristics:

First, the scale of import and export climbed quarter by quarter, reaching a record high. In the first quarter of 2019, the import and export value was 74.47 billion yuan, 83.44 billion yuan in the second quarter, 93.36 billion yuan in the third quarter and 99.93 billion yuan in the fourth quarter, all of which increased by more than 7% from the previous quarter.

Second, the trading partners are more diversified, and the import and export of major markets except the United States have maintained growth. In 2019, Jiangxi had trade with 233 countries and regions, and ASEAN remained the largest trading partner. Jiangxi imported and exported 58.9 billion yuan to ASEAN, an increase of 19.4%; The European Union surpassed the United States to become Jiangxi’s second largest trading partner, and Jiangxi imported and exported 46.65 billion yuan to the European Union, an increase of 26.7%. Imports and exports to the United States reached 37.29 billion yuan, down 3.6%. Imports and exports to Japan and South Korea were 24.84 billion yuan and 24.63 billion yuan respectively, up by 10.1% and 28.9% respectively. In addition, Jiangxi’s import and export to countries along the "Belt and Road" reached 102.81 billion yuan, up 14.2%, 3.1 percentage points higher than the overall growth rate.

Third, the pulling effect of private enterprises is more obvious. Private enterprises account for nearly 70% of imports and exports, and the exports of production enterprises maintain double-digit growth. In 2019, the import and export of private enterprises was 244.79 billion yuan, up 18.4%, accounting for 69.7% of Jiangxi’s total foreign trade, up 4.3 percentage points from 2018. Among them, the export was 187.12 billion yuan, up by 13.7%; Imports reached 57.67 billion yuan, an increase of 36.4%. The import and export of foreign-invested enterprises was 92.61 billion yuan, accounting for 26.4%. The import and export of state-owned enterprises was 13.19 billion yuan, accounting for 3.8%. In the same period, the export of production enterprises was 130.3 billion yuan, an increase of 18.5%, and the growth rate continued to be ahead of the overall export, accounting for 52.2% of the province’s exports from 49.5% in 2018.

Fourth, the mode of trade is more optimized, with the proportion of general trade exceeding 70%, and the growth rate of processing trade ranks second in the country. In 2019, the import and export of general trade in Jiangxi was 258.5 billion yuan, an increase of 2.1%, accounting for 73.6% of the province’s total foreign trade. In the same period, the import and export of processing trade was 89.01 billion yuan, an increase of 50.4%, ranking second in the country, accounting for 25.3% of the province’s total foreign trade, an increase of 6.6 percentage points over 2018.

Fifth, the commodity structure is more reasonable, and the import and export of mechanical and electrical products are growing rapidly, and the proportion is more than half for the first time. In 2019, Jiangxi exported 126.44 billion yuan of mechanical and electrical products, an increase of 36.4%, accounting for 50.6% of the province’s total export value in the same period, an increase of 8.9 percentage points over 2018, of which 14.9 billion yuan of mobile phones were exported, an increase of 1.5 times; Solar cells reached 11.32 billion yuan, an increase of 38.7%. In the same period, the export of new energy products was 14.02 billion yuan, an increase of 45.1%. The export of labor-intensive products was 58.29 billion yuan, down by 1.1%, accounting for 23.4%, down by 3.2 percentage points compared with 2018, of which furniture was 8.59 billion yuan, up by 12.2%; Toys totaled 7.49 billion yuan, up 46.9%.

On the import side, the import of integrated circuits has increased substantially, and the import of resource products is diversified. In 2019, Jiangxi imported 54.04 billion yuan of mechanical and electrical products, up 34.3%, accounting for 53.2% of the province’s total import value in the same period, up 10.4 percentage points from 2018. Among them, the integrated circuit was 31.77 billion yuan, an increase of 76.4%. In the same period, the import of resource products showed a diversified trend. The import of raw materials such as iron ore and copper ore for industries with high pollution and high energy consumption decreased by 49% and 16% respectively, while the import of raw materials for new energy industries increased, such as the import of cobalt products increased by 84.6% and the import of petroleum coke for lithium battery electrodes increased by 2.8 times.

Sixth, regional development is more coordinated, and the leading effect of Nanchang’s foreign trade is obvious. In 2019, Nanchang’s import and export reached 106.18 billion yuan, an increase of 34.8%, ranking first in all provinces and cities in terms of scale and growth rate, accounting for 30.2% of the province. Ji ‘an imported and exported 49.08 billion yuan, and Ganzhou imported and exported 39.94 billion yuan, ranking second and third respectively in the province, with year-on-year growth of 27.8% and 14% respectively. In addition, the import and export of Yichun, Fuzhou and Pingxiang increased by 7.6%, 7.9% and 4.4% respectively.

In recent years, Nanchang Customs has conscientiously implemented the decision-making arrangements made by the CPC Central Committee and the State Council, carried out the special action of "customs clearance is as efficient as coastal areas" in accordance with the deployment requirements of the General Administration of Customs and the provincial party committee and government, greatly reduced the overall customs clearance time, solidly promoted tax reduction and fee reduction, continuously deepened the "streamline administration, delegate power, strengthen regulation and improve services" reform, and continuously optimized the port business environment. In 2019, the overall customs clearance time for imports in Jiangxi was 14.84 hours, and the overall customs clearance time for exports was 0.05 hours, which was 70% and 99% lower than that in 2018 respectively.

总的来看，在国内外风险挑战明显上升的情况下，2019年江西外贸进出口实现了量的稳定增长和质的稳步提升。当前，世界经济增长持续放缓，不稳定不确定因素增多。国内经济下行的压力依然较大，但稳中向好、长期向好的基本趋势没有变，江西外贸将继续保持总体平稳增长态势。下一步，南昌海关将深入贯彻习近平总书记对江西提出的“作示范、勇争先”的目标定位和“五个推进”的更高要求，坚决落实中央“六稳”要求，按照海关总署和江西省委省政府工作部署，忠诚履职，担当作为，不断加强海关制度创新和治理能力建设，全力支持江西打造“四最”营商环境，促进江西高水平开放高质量发展，为加快建设富裕美丽幸福现代化江西、描绘好新时代江西改革发展新画卷贡献海关力量。谢谢大家。

Li Feng:谢谢周维颖副关长的介绍！下面进入提问环节。提问请举手示意，并通报所在新闻机构。谢谢！

江西日报记者（黄玉婷 摄）

江西日报记者：我们注意到，2019年我省民营企业进出口增长，占比提升，请介绍一下我省民营企业进出口具体有哪些亮点？

Zhou Weiying:Thank you for your question. In 2019, the import and export of private enterprises in Jiangxi Province achieved rapid growth, which injected strong impetus into the development of foreign trade. The import and export of private enterprises in the province was 244.79 billion yuan, an increase of 18.4%, accounting for 69.7% of the total import and export value of the province in the same period, and the proportion increased by 4.3 percentage points compared with 2018. Among them, exports were 187.12 billion yuan, an increase of 13.7%; Imports reached 57.67 billion yuan, an increase of 36.4%.

The main highlights are:

First, the import and export vitality of private enterprises has improved. In 2019, the number of private enterprises with import and export performance reached 4,334, an increase of 11% over the previous year, which is an important manifestation of the endogenous motivation and development vitality of foreign trade in the province. In 2019, private enterprises boosted Jiangxi’s foreign trade by 12 percentage points.

Second, the production-oriented private enterprises have obvious pulling effect. In 2019, the import and export of production-oriented private enterprises in Jiangxi Province increased by 30.3%, which was 19.2 percentage points higher than the growth rate of foreign trade in the whole province, which was the main factor driving the growth of private enterprises.

Third, the efforts of private enterprises to explore emerging markets have been continuously enhanced. In 2019, the export of private enterprises to all major markets showed a growth trend. While maintaining the export growth of traditional markets such as Europe and the United States, the export to emerging markets such as ASEAN, Middle East countries and Oceania increased by 23.4%, 32% and 26.3% respectively, which were also significantly higher than the export growth rate of the province to these three markets.

Nanchang Customs has implemented the requirements of "six stabilities" such as stabilizing foreign trade and foreign investment, continuously deepened the "streamline administration, delegate power, strengthen regulation and improve services" reform, and carried out the special action of "customs clearance is as efficient as coastal areas" to fully support the improvement of foreign trade facilitation and strive to create a better development environment for private enterprises.

First, simplify the customs clearance business and vigorously promote the continuous optimization of the port business environment. Simplify the supervision documents of import and export links, realize one-line operation, implement business reforms such as two-step declaration and self-service printing of certificates of origin, streamline the supervision documents of import and export links from 86 to 46, and realize online verification and automatic comparison of 42; Customs certification items were streamlined from 116 to 24; Deepen the application of "single window", the main business application rate is 100%, and take many measures to improve customs clearance efficiency.

The second is to implement the central government’s decision-making and deployment of tax reduction and fee reduction, and solve the bottleneck problem that affects the customs clearance cost of enterprises. We will completely abolish administrative fees, carry out the reform of tariff guarantee insurance, publicly publicize port fees, and effectively reduce the tax burden of private enterprises. From April 1 ST to December 31 ST, the value-added tax was reduced for 9 months, reducing the value-added tax by 1.32 billion yuan for thousands of small and medium-sized imported enterprises in the province, with a tax reduction rate of 18.8%; Handling tariff guarantee insurance for 20 private enterprises such as Nanchang Oufei Biometric Technology Co., Ltd. and Nanchang Qianhai Guoxin Electronic Technology Co., Ltd. involved an amount of 510 million yuan.

The third is to strengthen the cultivation of high credit of enterprises and support the transformation and optimization of foreign trade private enterprises. Actively implement enterprise credit management to help high-credit enterprises enjoy more convenient customs clearance services in countries with mutual recognition of AEO. By the end of 2019, 85 private enterprises in Jiangxi Province had been approved as advanced or general certification enterprises, including 3 new advanced certification enterprises.

Phoenix Net reporter (photo by Huang Yuting)

Phoenix Network reporter:Please tell us about the trade situation between our province and countries along the Belt and Road in 2019 and what the customs has done in this regard.

Huang Qifeng, Director of Statistics and Analysis Division of Nanchang Customs (photo by Huang Yuting)

Huang Qifeng:Thank you for your question. Under the background of "One Belt, One Road" initiative, foreign trade enterprises in Jiangxi Province seized the opportunity, actively integrated and made positive progress. The potential of trade cooperation between Jiangxi Province and countries along the Belt and Road is being continuously released, which has become a new driving force for foreign trade development. According to statistics, in 2019, Jiangxi Province imported and exported 102.81 billion yuan to the "Belt and Road" countries, an increase of 14.2% over 2018. Among them, exports were 90.35 billion yuan, up by 15.1%; Imports reached 12.46 billion yuan, an increase of 8.4%. Nanchang Customs fully supports Jiangxi’s docking of the "Belt and Road" to expand opening up and accelerate development.

First, support the strong cooperation of docking the "Belt and Road". In 2019, China’s customs signed 198 cooperation documents on customs inspection and quarantine, involving 89 countries and regions along the Belt and Road, covering customs administrative mutual assistance, food and agricultural products quarantine access, intellectual property protection, and mutual recognition of "certified operators" (AEO). Nanchang Customs gives full play to the function of the new customs, vigorously strives for the support of the General Administration of Customs, grasps the rules and standards of customs in countries along the route, strengthens policy propaganda, statistical analysis and supervision services, and helps enterprises in Jiangxi Province to enjoy various cross-border trade facilitation measures and better connect with the "Belt and Road" and "going out".

The second is to support the docking of the "Belt and Road" channel. Strengthen customs clearance cooperation with the customs at the coastal ports along the border, and fully support the two-way opening and normal operation of the trains in Jiangxi and Europe. At present, Jiangxi Province has opened five land entry and exit passages, including Manzhouli, Alashankou, Horgos, Erenhot and Pingxiang, Guangxi, and Jiangxi trains are running on the important Central European (Asian) train passages. In 2019, there were 553 trains in Jiangxi Province, 2.7 times that of the whole year of 2018, including 440 trains exported and 113 trains imported.

The third is to support the docking of the "Belt and Road" to expand the market. In 2019, Jiangxi’s trade radiation capacity was further enhanced, and it traded with 233 countries and regions. Among them, the import and export of countries and regions along the Belt and Road increased by 14.2%, accounting for 29.3% of the province’s total import and export value in the same period, and the proportion increased by 0.8 percentage points compared with 2018.

Jiangxi Satellite TV reporter (photo by Huang Yuting)

Jiangxi Satellite TV reporter:Statistics show that in 2019, the processing trade of our province increased significantly against the trend, which also played a very obvious role in promoting the foreign trade of our province. What specific measures has Nanchang Customs taken to promote the development of processing trade in our province?　

Tang Fujiang, Deputy Director of Enterprise Management and Inspection Department of Nanchang Customs (photo by Huang Yuting)

Tang Fujiang:Thank you for your question. Nanchang Customs takes it as its responsibility to help Jiangxi build a new highland with two-way inland opening and realize the big pattern of rising in the central region, gives full play to its functional advantages, takes the initiative and takes effective measures to fully promote the rapid development of processing trade in Jiangxi Province. In 2019, China’s processing trade generally showed a downward trend, and the processing trade business in Jiangxi Province increased significantly against the trend (the import and export of processing trade was 89.01 billion yuan, up 50.4% year-on-year. Since April 2019, the growth rate of processing trade import and export in Jiangxi Province has been ranked second in the country for nine consecutive months), which has played a positive role in promoting the growth of foreign trade in Jiangxi Province.

The first is to optimize supervision and help processing trade enterprises "reduce their burdens". It is the first in the national customs to fully launch the second-phase processing trade management system of Jinguan, and build a "smart supervision" system, so that enterprises can handle business "without leaving home" and realize the management mode of independent filing, independent reporting and independent tax payment. We will promote the "streamline administration, delegate power, strengthen regulation and improve services" reform, optimize the processing trade audit operation, cancel 6 items such as outsourcing processing approval and deep processing carry-over registration, and reduce 13 items such as domestic sales contact sheets. Actively promote the co-management mechanism of online public auction of processing trade scrap for domestic sales, implement domestic sales facilitation measures, encourage qualified enterprises to centrally handle domestic sales declaration and tax payment procedures, and ease the operating pressure of processing trade enterprises. In 2019, the sales value of processing trade in the province was 12.554 billion yuan, a year-on-year increase of 29.22%.

The second is to deepen reform and help processing trade enterprises "increase efficiency". We will promote the supervision reform of processing trade with enterprises as a unit, solve the problems such as unsmooth carry-over and inconvenient write-off, and stimulate the enthusiasm of enterprises to expand production. Since the implementation of the reform, 19 enterprises have participated in it. The reform of personalized "work order" write-off was promoted, and the quantitative and dynamic supervision of enterprise production and automatic comparison of inventory data were realized, which reduced the time spent on a single write-off from more than one month to less than 10 days and reduced the difference rate of write-off by two-thirds. Deepen the reform of "unit consumption and self-core", improve the self-discipline management of enterprises and optimize the relationship between power and responsibility of enterprises. At present, 24 processing trade enterprises have participated in the reform, contributing a total of 11.797 billion yuan to the import and export of processing trade.

The third is to innovate services to help processing trade enterprises "speed up". The key processing trade enterprises serving the coastal gradient transfer have tailored the supervision service plan for Jiangxi Lixun Zhizao Co., Ltd., which exempted a single processing trade risk deposit of 189 million yuan at the beginning of its opening, and helped it become the largest processing trade enterprise in the province. Support and help guide 15 processing trade enterprises in the province to become advanced certification enterprises, improve the efficiency of customs clearance by more than 50%, and save more than 30 million yuan per year. Guide the processing and manufacturing enterprises in the region to actively undertake the "subcontracting" business inside and outside the region, help the enterprises in the region to release surplus production capacity and effectively expand the domestic market. Two processing and trading enterprises in the region have carried out the "subcontracting" business, with the annual value of "subcontracting" of 80.2804 million yuan, effectively alleviating the operating pressure caused by Sino-US trade friction.

Jiangnan Metropolis Daily reporter (photo by Huang Yuting)

Jiangnan Metropolis Daily reporter:Please tell us about Jiangxi’s trade with the United States in 2019. On January 15th, China and the United States signed the first-stage trade agreement. What impact does this have on Jiangxi’s foreign trade?　

Huang Qifeng:Thank you for your question. In 2019, Jiangxi’s exports to the United States were 35.61 billion yuan, down 3.7%, of which the monthly export volume in December was 3.82 billion yuan, up 47.4%, with double-digit growth for five consecutive months, and the export scale gradually recovered to the level before tariff increase. On January 15th, China and the United States signed the first stage trade agreement. According to the customs survey, enterprises in the province generally believe that the market uncertainty risk is converging, which will effectively boost market expectations; Partial tariff reduction and exemption will play a positive role in repairing the import and export of related commodities and help trade pick up. At present, Jiangxi has been weakened by economic and trade frictions.

Sino-US economic and trade friction has brought certain pressure to Jiangxi’s foreign trade, especially to foreign trade enterprises with the United States as the main market. Although Jiangxi’s exports to the United States have declined, enterprises have achieved remarkable results in exploring diversified markets. Exports to non-American markets have increased, and overall exports have maintained steady growth. In 2019, the province’s exports increased by 12.3% year-on-year.

We believe that with the signing of the first-stage trade agreement between China and the United States, it is of great positive significance to Jiangxi’s foreign trade, enterprise confidence and market expectations.

Nanchang Customs will resolutely implement the decision-making arrangements of the CPC Central Committee and the State Council, conscientiously implement the deployment requirements of the General Administration of Customs and the provincial party committee and government, carry out the special action of "customs clearance is as efficient as coastal areas", constantly optimize the business environment at ports, promote cross-border trade facilitation, help enterprises improve quality and efficiency, and help enterprises effectively cope with the impact of Sino-US economic and trade frictions.

Information Daily reporter (photo by Huang Yuting)

Information Daily reporter:We noticed that the export of new energy products in our province showed an increasing trend in 2019. Could you tell us something about the main export of new energy products in our province? What support measures does the customs have?

Bu Yangang, Director of Commodity Inspection Department of Nanchang Customs (photo by Huang Yuting)

Bu Yangang:Thank you for your question. In 2019, the main new energy products in Jiangxi Province are solar cells and lithium hydroxide. Among them, the export performance of lithium hydroxide is particularly bright, with an annual export of 32,000 tons and a value of 2.7 billion yuan, up by 98.8% and 80.1% respectively, accounting for 56.5% of the international market share, and the export volume ranks first in the country, reflecting the strong kinetic energy of Jiangxi’s new energy industry. I have the following measures to support the export expansion of such products:

First, improve the mechanism to facilitate customs clearance. Optimize the operation procedures, implement classified management for lithium hydroxide export enterprises, and implement batch-by-batch inspection of products by combining on-site inspection and remote video inspection, greatly reducing the inspection time; At the same time, the implementation of periodic sampling inspection, appointment inspection and other systems, basically achieve zero waiting for delivery, help enterprises greatly shorten the delivery cycle.

The second is to reduce taxes and fees, release dividends and reduce costs. In view of the high total price and large tax of imported raw material spodumene ore, we will guide relevant enterprises to adopt bank guarantee, tariff guarantee insurance and other guarantee customs clearance modes to help enterprises reduce the capital occupation by nearly 10 million yuan; Guide enterprises to make full use of the preferential certificate of origin tariff reduction and exemption policy, and help enterprises enjoy foreign tariff reduction and exemption of 61.51 million yuan in 2019, a year-on-year increase of 115%; Implementing the new VAT policy for import links, since April 1, 2019, the import of spodumene in Jiangxi Province has been reduced by 56.88 million yuan.

The third is accurate assistance to help develop and solve problems. Implement the enterprise coordinator system, provide all-round services for enterprises such as Ganfeng Lithium Industry and Yabao Lithium Industry from business consultation, customs clearance coordination and credit cultivation, and help enterprises solve many problems such as export products stranded in Hong Kong and imported raw materials unable to be released at the port. Guide enterprises to make good use of the national customs clearance integration policy, and adopt the mode of territorial declaration and customs clearance for imported raw materials. In 2019, the average customs clearance time for imported spodumene ore in the province was less than 25 hours, and the fastest was less than 10 minutes, which was 70% year-on-year, which effectively guaranteed the supply of raw materials for enterprises. Through a series of measures, it will effectively help the export of new energy products in Jiangxi and promote the high-quality development of green economy.

Li Feng:Because of the time, that’s all for answering reporters’ questions. Thank you, publishers, journalists and friends. Welcome to continue to pay attention to the work of Nanchang Customs. Nanchang Customs has issued news materials, and journalists and friends are welcome to download and view them. If you have any questions, you can consult, communicate or interview after the meeting.

This concludes today’s press conference. Thank you!

Lead: For a long time in the past, domestic independent brands equipped with plug-in hybrid power systems can achieve an ideal low fuel consumption only when the power is sufficient, and in the feed state, the fuel consumption of some plug-in hybrid vehicles is even higher than that of pure fuel vehicles of the same car series. The author has had personal experience about this. A certain brand of plug-in hybrid vehicle, under the condition of full power supply, was run to 16-17 oil by me. At that time, I thought that for some users who could not meet the charging conditions, the energy-saving and emission-reduction characteristics of plug-in hybrid vehicles could not be displayed at all. This kind of "high fuel consumption" situation is basically applicable to domestic plug-in hybrid vehicles. After BYD’s DM-i comes out, this situation may be greatly improved.

I have heard that the fuel consumption performance of BYD models equipped with dm-i is excellent before. The official fuel consumption reference data is 3.8L/100km, which sounds much more real than some previous plug-in hybrid 1-2L/100km fuel consumption. But it’s not true. What’s the actual fuel consumption? Let’s take a look at BYD’s activity of "A Box of Oil Crossing Southeast Chongqing".

The activity starts from downtown Chongqing. The first thing to do is to find a gas station, fill it up, then put a seal on the tank cover, and tear it off until the last refueling. At the same time, in order to be more intuitive and convenient to calculate, the subtotal mileage has also been cleared. Finally, the final average fuel consumption per 100 kilometers is obtained by calculating the final fuel replenishment amount and the mileage of this journey.

When we set out, we heard another car in the walkie-talkie say that their car’s power was only about 10%. This sentence was recognized by other cars, and we later saw that our car’s power was also about 10%. According to the pure battery life of Qin PLUS (parameter picture) DM-i 120km model, the pure battery life of the remaining power in everyone’s car was basically around 15km-20km. In this state of full oil supply, we started a 700km round trip to southeast Chongqing.

As we all know, it’s too hot in summer in Chongqing. I wish everywhere I go, it’s all air conditioning. Therefore, although there is a "fuel-saving task", air conditioning is indispensable. Moreover, when I was driving, I didn’t deliberately follow the extreme fuel-saving driving method, which was more casual, and I accelerated when it was time to accelerate. The road situation is 70%-80% high speed, and 20%-30% national roads and mountain roads.

Finally, at the gas station in the last service area of Chongqing, the seal was torn and refueled. The final fuel consumption of our car is 32.09L, and the mileage is 686.3km Through calculation, our fuel consumption performance is 4.79L/100km, ranking first from the bottom among several cars. Although it ranks high, I am personally satisfied. The fuel consumption of the car with the best performance is 4.36L/100km. As for why the "propaganda" fuel consumption of 3.8L/100km has not been reached, as far as I can guess, this fuel consumption can be achieved under the condition of reducing the utilization rate of air conditioners and opening more gently. In fact, even if the fuel consumption is 4.8L/100km, Qin PLUS DM-i still lives up to expectations.

In addition to the theme of fuel saving, I also want to talk about two other dynamic points of Qin Plus DM-I.

One is motivation. Although there was no special experience and test of rapid acceleration in this test drive, I simply tried a few feet during the test drive. But with these simple feet, you can feel a 1.5L naturally aspirated engine with a maximum power of 110 horsepower. With the help of the motor, it can provide a good feeling of pushing back. For fuel lovers, we have to admit that this is the advantage that electricity is easier to do. It is reported that the official acceleration score of this car Qin PLUS DM-i is 7.3s, while the measured result by the media is 6.75s s. It seems that BYD officially reported it according to conservative results. For fuel vehicles, this can basically belong to the level that 2.0T still needs hard work.

The second is the chassis. Although the configuration of Qin PLUS DM-i is the front McPherson rear multi-link in suspension, it can be seen that BYD has made a lot of efforts in adjustment. On the whole, it is very comfortable. Qin PLUS DM-i can handle both large potholes and some small gravel in a balanced way. By balance, I mean not too soft or too hard, but rather moderate. Therefore, I think that the chassis strength of Qin PLUS DM-i is quite satisfactory for the model with positioning and pricing. However, it should be pointed out that the steering system of Qin PLUS DM-i still needs to be improved.

Achuan pingche

As a leader in the new energy field of domestic brands, BYD continues to innovate in this field, and the launch of DM-i has also subverted people’s understanding and cognition of the fuel consumption of domestic plug-in hybrid vehicles. At the same time, its lower fuel consumption performance has not lost the hybrid strength of "two fields" at all. Therefore, I think that with the gradual offline and delivery of DM-i model orders, the strength of DM-i will be more widely spread, and it is also worthy of better word-of-mouth performance.

1. Bureau of Statistics: The national economy will continue to recover and there will be no deflation.

Liu Aihua, spokesman of the National Bureau of Statistics, chief economist and director of the National Economic Statistics Department, said that the overall economic performance and changes in major indicators showed that the overall economic performance continued to recover. Judging from the changes in demand, the demand for goods and services is constantly recovering. In terms of monetary conditions, broad money has maintained rapid growth, and market liquidity is generally reasonable and abundant. Based on these factors, the situation of low price operation in the next stage will gradually ease, and there will be no deflation. (China Network)

2. Microsoft’s first self-developed AI chip appeared.

On Wednesday, local time, the technology giant Microsoft announced the launch of two high-end custom chips, one of which is the artificial intelligence (AI) chip Maia 100. The chip aims to run a large language model, help the artificial intelligence system to process a large amount of data faster, so as to complete tasks such as recognizing speech and images, and possibly avoid the high cost dependence on NVIDIA. However, Microsoft does not intend to sell these chips for the time being, but will use them to support its own products as part of its Azure cloud computing service. (Cailian)

3. Tencent’s revenue in the third quarter was 154.6 billion yuan.

Tencent Holdings released its financial report for the third quarter of 2023: revenue was 154.6 billion yuan, a year-on-year increase of 10%; The net profit was 36.18 billion yuan, down 9% year-on-year. Liu Chiping, the president, revealed that there are currently nine game products under planning, and a new product will be released in the next few weeks, and several others will be released in the next few months. (Sina Technology)

4. U.S. stocks generally rose at the close.

Dow Jones index rose 163.51 points, or 0.47%; The S&P 500 index rose 9.30 points, or 0.21%; The Nasdaq Composite Index rose 9.45 points, or 0.07%. Intel rose more than 3%, Tesla rose more than 2%, and NVIDIA fell 1.55%, ending 10 consecutive days of gains. Weilai rose more than 4%, Xpeng Motors rose more than 2%, and LI rose more than 1% (financial sector)

5. Cybertruck concept stocks have daily limit.

Tesla Cybertruck’s first delivery in the world will be carried out at the Texas Super Factory on November 30, and the concept stocks related to the A-share market have been boosted. In November, I publicly responded to the Mingke skills of supplying cybertruck on the interactive platform. The market started in the afternoon and quickly closed the board. There are also companies that respond tactfully with "customer confidentiality requirements" and "signed confidentiality agreements". Today, the steam mold that once pulled up the contact plate and the Ruigu mold that closed up by 4.6% are all listed here. A-share Dongcai integrated die-casting plate has stock market performance, with an increase rate of 87%. Domestic midstream die casting manufacturers mainly include Aikedi, Wencan, Guangdong Hongtu, Xusheng Group, Meilixin, Rongtai and so on, and each company’s products have its own emphasis. (Cailian)

6. US solid-state battery developers have delivered the first samples to BMW.

Recently, Solid Power, Inc, an American developer of solid-state battery technology, announced in the company’s third-quarter financial report that its first batch of sample A batteries had entered the stage of loading verification. According to the press release, Solid Power has delivered the first batch of A-1 electric vehicle batteries to BMW, and revealed that the delivery of BMW’s demonstration car project is on the right track, which means that the company’s solid-state batteries have officially entered the stage of loading verification. (Cailian)

7. Guangzhou will restrict the passage of electric bicycles in some sections.

From December 15th, Guangzhou will restrict the passage of electric bicycles in some sections. If the initial plan is fully implemented, the daily needs of residents such as take-away delivery and picking up children from school will be affected in the restricted area, so this plan is controversial. (Caixin. com)

8, 5-meter four-door coupe, Xiaomi SU7 has finally arrived.

On November 15th, SU7, the first model of Xiaomi Automobile, officially appeared in the declaration catalogue of the Ministry of Industry and Information Technology. The new car is positioned as a "C-Class Eco-tech Car". In terms of body size, its length/width/height are 4997/1963/1440mm and its wheelbase is 3000mm, which is consistent with yesterday’s news. The data (4860*1980*1666mm) that broke out before was really a smoke bomb! Only the length of nearly 5 meters is worthy of the size of a C-class car. In terms of power, Xiaomi SU7 is equipped with ternary lithium battery from Contemporary Amperex Technology Co., Limited. The front and rear motor powers are 220kW and 275kW respectively, and the maximum speed is 210 km/h. (First Electric Network)

9. Xpeng Motors’s Q3 revenue exceeded 8.5 billion yuan, and 63,500 units were delivered in the fourth quarter.

Today, Xpeng Motors (NYSE: XPEV, HKEX: 9868) released its financial report for the third quarter of 2023. The financial report shows that Xpeng Motors’s Q3 revenue exceeded 8.5 billion yuan, up 25.0% year-on-year and 68.5% quarter-on-quarter, and returned to a historical high. In the third quarter, the total delivery volume was 40,008 units, reaching a milestone of 40,000 units delivered in a single quarter, an increase of 72.4% from the previous quarter. With the substantial increase in delivery volume and revenue and the effect of scale reduction, Xpeng Motors’s cash reserves reached nearly 36.5 billion yuan, up 8% from the previous quarter and 2.74 billion yuan from the previous quarter. Based on the expected strong sales volume of products, Xpeng Motors raised its performance guideline for the fourth quarter. The expected delivery volume reached 59,500-63,500 units, up by about 168.0% to 186.0% year-on-year, and the expected total revenue reached 12.7-13.6 billion yuan, up by about 147.1% to 164.6% year-on-year, breaking through the historical high.(First Electric Network)

10. The official listing price of Haobo HT is 213,900-329,900 yuan.

Haobo brand’s brand-new medium and large pure electric SUV Haobo HT was officially launched, and six new models were launched, with a price of 213,900-329,900 yuan. As the third model of Haobo brand, Haobo HT is built on the pure electric platform of Haobo AEP3.0 and the electronic and electrical architecture of Spirit, equipped with 800V 5C overcharge and unique gull-wing door design. At the same time, Supreme enjoys a listing right worth 32,000 yuan.(First Electric Network)

11. The latest spy photos of Nezha Auto’s new SUV are exposed.

On November 14th, Zhang Yong, CEO of Nezha Automobile, exposed the spy photos of his brand-new SUV in Weibo. The internal code of this SUV is EP32, which is positioned higher than Nezha X, and its price is expected to exceed 200,000. It is worth noting that the new car will use BYD batteries with a cruising range of 500 kilometers. (First Electric Network)

12. The production version of Polar Star 4 is officially off the assembly line, and the first delivery is expected to start before the end of 2023.

On November 13th, Polestar Polar Star (NASDAQ: PSNY), a global luxury pure electric high-performance automobile brand, announced that the production version of its pure electric high-performance SUV Polar Star 4 has been officially launched, and it is expected that the first batch of users will be delivered in the China market before the end of 2023; It is planned to be officially launched in other markets around the world in early 2024, and the delivery will be started simultaneously. (First Electric Network)

13. Wen Yuan Zhixing self-driving taxi team drove on the streets of Ordos.

On November 15th, as the first self-driving team to land in Inner Mongolia Autonomous Region, Wen Yuan Zhixing self-driving taxi successfully completed the public open test operation for one and a half months, and will continue to drive on the streets of kangbashi district, Ordos City, bringing a new travel experience to local citizens. This time, Wen Yuan Zhixing launched several self-driving taxis in kangbashi district, Erdos City, and opened 42 self-driving taxi ride stations, covering the main area of kangbashi district. In the future, it will continue to expand the test scope and add popular stations until the whole area of kangbashi district is covered. (First Electric Network)

14. The polar krypton 007 declaration map was exposed at the Guangzhou Auto Show and the pre-sale was started.

On November 15th, in the latest batch of new car declaration catalogue of the Ministry of Industry and Information Technology, extremely Krypton 007 was impressively listed. The new car, the fourth model under the brand Krypton, will be unveiled at the Guangzhou Auto Show in 2023 and the pre-sale will be started simultaneously. (First Electric Network)

15. The layout of three rows and seven seats is ideal. MEGA interior declaration drawing exposure.

The Ideal MEGA, the first pure electric MPV model, is registered in the catalogue of the Ministry of Industry and Information Technology today, and the car will be booked at the Guangzhou Auto Show this Friday. According to the application information of the Ministry of Industry and Information Technology, the ideal MEGA body size is 5350×1965×1850mm, the wheelbase is 3300mm, the curb weight is 2785kg, and the tyre size is 245/60 R18.

The car is equipped with dual motors with a total power of 400kW (155 kW from Huawei Technologies Co., Ltd.+245kW from United Automotive Electronics Co., Ltd.) and Contemporary Amperex Technology Co., Limited ternary lithium battery (Kirin 5C battery). (IT house)

16. Zero-run C10 extended-range version completed the declaration.

On November 15th, the C10 extended-range zero-run model appeared in a new batch of application catalogues of the Ministry of Industry and Information Technology, and its appearance was basically the same as that of the pure electric vehicles previously declared. The Zero Run C10 will make its domestic debut at the 2023 Guangzhou Auto Show on November 17th, and it has already made its world debut at the Munich Auto Show in September. It will be the first global model of Zero Run, based on the new central integrated electronic and electrical architecture "Four-leaf clover". (IT house)

17. Guangzhou Auto Show appeared in Geely Galaxy E8 declaration map exposure.

On November 15th, we obtained the declaration map of Geely Galaxy E8 from official website, Ministry of Industry and Information Technology. Galaxy E8 is a pure electric medium-sized car based on the vast structure of SEA of Geely Group, which will be unveiled at Guangzhou Auto Show. Vast architecture is a new type of electric vehicle platform independently developed by Geely Automobile, which is highly modular and flexible and can meet the development needs of various types of electric vehicles. (car home)

18. The trial production of ChuanXiaomi Automobile has started in small batches.

According to national business daily, the four manufacturing workshops in the first-phase factory of Xiaomi Automobile have been built, and small-batch trial production has begun. At present, there are dozens of vehicles produced. At the same time, according to informed sources, Xiaomi Automobile will start mass production in December and go public next year (February). (First Electric)

19. Audi announced the lineup of Guangzhou Auto Show.

FAW Audi announced the lineup of Guangzhou Auto Show, and the Audi Q6 e-tron prototype will be officially unveiled. Audi Q6 e-tron is the first pre-production model based on PPE luxury pure electric platform and brand-new electronic architecture, and will be the leader of Audi’s new generation of high-end intelligent networked electric products. (First Electric)

20. Hesai Technology announced its third quarter financial report.

Hesai Technology announced its unaudited financial data for the third quarter of 2023. The financial report shows that Hesai Technology achieved revenue of 450 million yuan in the third quarter, a year-on-year increase of 33.5%; In the first three quarters, it achieved revenue of 1.32 billion yuan, a year-on-year increase of 65.8%. According to the financial report, in the third quarter, 47,440 laser radars were delivered by Hesai Technology, up by 125.5% year-on-year, of which 40,593 were delivered by ADAS laser radars. (First Electric)

21. BMW (China) Insurance Brokerage Co., Ltd. was officially approved.

BMW (China) Insurance Brokerage Co., Ltd. officially obtained the insurance brokerage business license issued by the State Financial Supervision and Administration Bureau, which means that the company can formally carry out insurance brokerage business. BMW (China) Insurance Brokerage Co., Ltd. is a Sino-German joint venture, which is jointly funded by BMW Bavaria Commercial Agency Co., Ltd., a wholly-owned subsidiary of BMW Group, and BMW Brilliance Automobile Co., Ltd., with the capital contribution and shareholding ratio of 58% and 42% respectively. (BMW official)

22. Ask M5 to launch the urban glow suit.

On November 15th, AITO Automobile released the M5 "Urban Rejuvenation Set" and announced that it will be officially released at Guangzhou Auto Show. From the promotional pictures, the main body of the car is yellow, with black lines, which is quite a "bumblebee" visual sense, and the overall feeling is more sharp and dynamic. In addition, in the official promotional film, the following highlights were also exposed: fluid dynamic body, sharp-tailed swift spoiler tail, 20-inch double five-spoke sports wheels+red calipers, millions of luxury car-class all-aluminum chassis, and HUAWEI DATS dynamic adaptive torque system. And declared that "the nature of treasure can’t be hidden." (First Electric)

23. The official map of polar krypton 007 interior decoration was released.

The official map of the interior of Krypton 007 was published. The car was designed by the team of Stefan Sielaff, the world’s top designer, with a two-color design. The ceiling was made of Microfiber microfiber and the seat was made of Soft Nappa full-grain leather, which was full of luxury. The car will be pre-sold at Guangzhou Auto Show. (First Electric)

24. The production version of Polar Star 4 officially went offline, and it is expected that the first batch of deliveries will be started before the end of 2023.

Polestar Polar Star, the global luxury pure electric high-performance automobile brand, announced that the production version of its pure electric high-performance SUV Polar Star 4 has been officially launched, and it is expected that the first batch of users will be delivered in the China market before the end of 2023; It is planned to be officially launched in other markets around the world in early 2024, and the delivery will be started simultaneously. (First Electric)

25. HIHIA of Gaohe Automobile was officially unveiled.

On November 15th, HiPhi A, the first joint product of Gaohe Automobile, was officially unveiled, and it will land at Guangzhou Auto Show on November 17th, opening its offline debut. The car accelerates from 0-100km/h to 2 seconds, and the maximum speed is close to 300 km/h. In addition, it will be equipped with a new self-developed high-power battery pack, which can achieve 1.5 MW peak discharge power. (First Electric)

take a group photo

(Written/Ermeng) On March 19th, Orfila, LULU and others attended the release conference of the wonderful sweet comedy "Falling in Love with the Big Dipper Boyfriend" in Beijing. Wu Xin, who premiered as a villain, was praised for her acting skills. She responded on the spot: "This is not acting, so give me 60 points for the performance in my play."

The TV series "Falling in Love with the Big Dipper Boyfriend" tells the story of the star teacher Chiyu from the Big Dipper, who came to the earth to find her former lover, met the "water-rebellious" female producer and got involved in the entertainment circle by mistake.

LULU and Zhang Mingen’s "Chinese CP", Ren Yankai and Orfila’s "maocai CP", as the representatives of CP in the play, kept handing out candy on the spot. In the play, Lin Haoshu, played by Keanu, has a crush on Wen Suxi, played by LULU, but they failed to express their secret love. On the spot, they restored the "secret love hand" in the play, only to be ruthlessly opened by Zhang Mingen, who was standing in the middle. Tang Mao, played by Ming, is an overbearing president with many golden legs. He even measured an amazing leg length of 1.18 meters at the scene. Orfila changed his acting skills every second on the stage and teased Ming that it was difficult to buy pants.

Zhang Mingen, Ming and Keanu used a line to interpret the different types of boys they represented in the play, such as "honest and frank Naigang", "overbearing president" and "loyal dog and warm man". LULU and Orfila also shared the ideal type of love that they would choose in real life. LULU bluntly said that he would choose a warm-hearted tree and confessed to Keanu on the spot: "Cloudy days, rainy days and sunny days are not as good as chatting with me." Wu Xin chose "Tang Mao" Ming and shouted directly: "I just like you."

Orfila premiered the villain in the play, and was well received for his hot search for acting skills. At the press conference, Orfila responded: "This performance was great. I really want to thank you for your tolerance. This is not acting, give me 60 points for the performance in the play. " Cai Shumeng, a hardcore female producer played by Orfila, madly chased Tang Mao in the play. Orfila bluntly said that she would not be "female chasing men" in her life, but she was chased at ordinary times and was passive in her life. It is reported that "Love the Big Dipper Boyfriend" is currently being broadcasted in iQiyi.

　　Time flies, and 2017 is about to close in a blink of an eye. This year, the supervision of the Civil Aviation Administration of China increased, and efforts were made to enhance passengers’ sense of gain; At the same time, technology has empowered the aviation industry, and aviation manufacturing has shown a thriving situation.

　　Looking back on 2017, what major events happened in China’s aviation industry, and what unforgettable moments? Let’s use eight key words together to string together this doomed extraordinary year.

　　Keywords: 1: Big plane

　　The Three Musketeers of the Big Aircraft will gather in the blue sky: C919 will fly into the sky, and the first flight of AG600 will be around the corner.

　　In China aviation industry, domestic passenger plane C919, amphibious plane AG600 and large transport plane Yun -20 are called "Three Musketeers". Each of them embodies the painstaking efforts of Chinese people and carries the dreams and expectations of Chinese people. And 2017 is undoubtedly a bumper year for domestic large aircraft.

　　On May 5th, the domestic C919 large passenger plane made its first successful flight at Shanghai Pudong Airport, which attracted worldwide attention. On November 10th, the C919 aircraft moved to Yanliang, Xi ‘an, and began to enter the next research and development flight test and airworthiness forensics.

　　On December 5th, the AG600 large-scale fire fighting/water rescue amphibious aircraft completed the high-speed taxiing test in zhuhai jinwan airport, and the first flight entered the countdown.

　　Expert comment: C919 is China’s first truly large civil aircraft, a key battle to upgrade China’s manufacturing industry and a landmark project to build an innovative country. China, a large aircraft project, has completely independent intellectual property rights, which not only breaks the monopoly of international aviation giants, but also reflects China’s progress in the field of high-tech innovation.

　　Keyword 2: "Black Flying"

　　UAV "Black Flying" Disturbs Flight Civil Aviation Administration orders real-name registration.

　　With the gradual rise of consumer-grade UAV industry, UAVs have rapidly changed from the original characteristics of "high threshold, strong professionalism and single use" to "low threshold, popularization, multi-function and daily use". According to the statistics of relevant departments, the number of UAVs in China has reached more than 600,000, and it is expected to rise to more than 4 million by 2020.

　　However, due to the increase in the number of drone brands and players, the phenomenon of "black flying" has become more and more serious. Since the beginning of this year, many airports, such as Kunming Airport, Shenzhen Airport, Mianyang Airport, Hangzhou Airport, Chengdu Airport and so on, have been disturbed by drones, resulting in the cancellation or delay of several flights, which has aroused social concern.

　　On May 16th, the Civil Aviation Administration of China issued the Regulations on the Registration Management of Civil Unmanned Aerial Vehicles in real-name registration system, requiring that the owners of civil unmanned aerial vehicles must register their real names from June 1st, 2017. After August 31, unmanned aerial vehicles that are not registered in the system are considered illegal.

　　Expert comment: With the rapid development of civil UAV technology, UAV interferes with civil aviation flight events from time to time. Increasingly strict supervision will promote a virtuous circle of the industry. real-name registration system has opened the prelude to the standardized operation of Chinese drones, and at the same time accelerated the reshuffle of the industry.

　　Keywords: 3: mixed reform

　　The mixed reform of central enterprises continues to accelerate: the three major state-owned airlines have released big moves

　　On the evening of March 27th, China Southern Airlines announced that it had signed a Share Subscription Agreement with American Airlines, and American Airlines would subscribe for 270 million H shares issued by China Southern Airlines with HK$ 1.553 billion.

　　On April 21st, Air China of China announced that it had received a notice from its controlling shareholder, China Aviation Group Corporation, and the National Development and Reform Commission replied that it agreed to reform the mixed ownership of air freight logistics of AVIC. AVIC will start the reform of mixed ownership of air cargo logistics. Air China and some of its subsidiaries are engaged in air cargo logistics business, and the specific implementation of mixed ownership reform may involve the company and its subsidiaries.

　　On June 19th, the mixed reform plan of China Eastern Airlines Logistics Co., Ltd., a subsidiary of China Eastern Airlines Group, ushered in a substantial start. China Eastern Airlines Logistics has diversified its shares. China Eastern Airlines Group, Legend Holdings Co., Ltd., Prologis Investment (Shanghai) Co., Ltd., Debon Logistics Co., Ltd., Greenland Financial Investment Holding Group Co., Ltd. and the core employees of China Eastern Airlines Logistics hold 45%, 25%, 10%, 5%, 5% and 10% of the shares of China Eastern Airlines Logistics respectively.

　　Expert’s comment: In recent years, the freight volume of China civil aviation has increased a lot, but the freight rate has dropped a lot, and the three major airlines have almost no profit margin. In contrast, private express companies such as SF Express, Yuantong and Shentong have set up their own cargo airlines. The global aviation logistics industry is transforming from the traditional air freight with low added value to the door-to-door integrated logistics service provider and the overall supply chain service provider with high added value of "big data+air freight+ground transportation". Through the reform of mixed ownership, the productivity of air freight can be liberated, it can be operated sustainably, and it can be bigger and stronger.

　　Keyword 4: Air WiFi

　　Civil Aviation Administration lifts the ban on aircraft using electronic equipment. Spring is coming in the air.

　　On September 18th, the Ministry of Transport deliberated and adopted the fifth revised Rules for the Examination and Approval of Operation Qualification of Large Aircraft Public Air Transport Carriers. Zhu Tao, deputy director of the Flight Standards Department of the Civil Aviation Administration, said at the press conference that from October, airlines can decide what kind of portable electronic equipment to use on the plane according to the evaluation results.

　　The regulations of the Civil Aviation Administration have triggered a heated discussion on WiFi in the air on the Internet. At present, China Eastern Airlines, Air China, China Southern Airlines, Hainan Airlines and other companies have started to test the on-board WiFi service. For example, China Eastern Airlines has realized the on-board Internet service on 70 wide-body passenger planes.

　　10月18日上午，东航MU5103客机在万米高空进行了党的十九大开幕会的实时直播，乘客使用空中WiFi就能聆听习近平总书记的讲话。

　　专家点评：政策全面开禁飞机上使用手机等便携式电子设备是一大喜事，但是政策放开不等于立刻解禁，具体推行仍需时日，旅客也切勿挑战目前“飞行全程关闭手机”的法规。后续航空公司经安全评估后放开限制，旅客们就能在巡航中使用“飞行模式”的手机看电影、听音乐。

　　关键词5：航班正点率

　　航班正点率跌入低谷 民航局出“狠招”

　　航班正点率作为民航整体运输质量的反映，一直是社会公众关注的焦点。数据显示，今年1-8月，全国民航航班平均正点率66.22%，同比下跌9.27%，平均延误时间30分钟，同比增加11分钟。

　　9月21日晚间，中国民航局发布《关于把控运行总量调整航班结构提升航班正点率的若干政策措施》，从今年冬春航季开始，对航班时刻安排进行运行总量控制和航班结构调整，确保运行安全，全力提升航班正点率。其中，首都机场和浦东机场因放行正常率多次不达标而受处罚。民航局要求其按照机场容量标准75%的目标，调减始发航班时刻数量。

　　In October, the normal flight rate in China reached 83.29%, a year-on-year increase of 2.39%. This is the highest normal rate for 101 consecutive months since May 2009.

　　Expert comment: China’s flights maintain double-digit growth every year, but the average annual increase of route mileage is only about 3%, which also makes the flight operation pressure more and more serious. In order to ensure the flight safety of civil aviation and improve the normal flight rate, the Civil Aviation Administration issued the "most stringent" flight control regulations in history to strictly control flight growth. The New Deal officially landed at the end of October, and we expect our flights to be more and more punctual.

　　Keyword 6: Civil aviation charter flights

　　"Thank the motherland"! Civil aviation chartered flights twice to help stranded passengers return home

　　On September 30th, China tourists trapped by the hurricane excitedly waved the national flag, ready to board a charter flight and return to the motherland. People’s Network Wang Chushe

　　"Thank the motherland for remembering us and taking us home!" This may be the most frequently said sentence by China tourists stranded overseas for some reason this year …

　　On September 18th, category 5 hurricane "Irma" ravaged the Caribbean, and the island country Dominica was hit hard. Nearly 400 Chinese personnel were forced to move to neighboring Antigua and Barbuda to wait for rescue. On the evening of September 29th, China Eastern Airlines dispatched two chartered planes to fly over the airspace of 19 countries to Vere, Antigua and Barbuda, according to the mission requirements of the Civil Aviation Administration of China to send Ming Chuan telegrams. At Bird Airport, the Chinese personnel transferred from Dominica were urgently transported back to China, with a round-trip flight distance of 34,000 kilometers.

　　On November 27th, due to the eruption of Agung volcano, the Indonesian Bali Wulalai International Airport was temporarily closed, leaving 17,000 China tourists stranded there. From 14: 28 on November 29th to 14: 00 on December 4th, the Civil Aviation Administration, the Ministry of Foreign Affairs, the Consulate General of China in Denpasar and other relevant departments coordinated the flights of China Eastern Airlines, Xiamen Airlines and China Southern Airlines to Bali, "coming empty, leaving full" to help China tourists return home.

　　Expert comment: In 2017, Wolf Warriors 2 was popular all over the country, and the scene of Jason Wu holding the national flag through the war zone made countless people excited. In fact, real scenes are more burning than movies. When the storms and waves of nature raze everything to the ground and individuals become so small, the welcome of the motherland is precious and exciting. As the words in the passport at the end of Wolf Warriors 2: "People’s Republic of China (PRC) citizens: When you are in danger overseas, don’t give up! Please remember that behind you, there is a strong motherland! "

　　Keyword 7: Tonnage UAV

　　The world’s first tonnage cargo drone was born. Online shopping or airdrop will come home in the future.

　　On October 26th, AT200, a large cargo drone, completed its first flight at Neifu Airport in Pucheng, Shaanxi Province, and the whole flight lasted for 26 minutes. This marks the birth of the world’s first tonnage cargo drone, and online shopping may be airdropped home in the future.

　　With a total length of 11.84 meters, a wingspan of 12.8 meters, a height of 4.04 meters and a maximum takeoff weight of 3.4 tons, AT200 is the "big guy" in the field of civil UAVs at home and abroad. Its warehouse has a volume of 10 cubic meters and a payload of 1.5 tons.

　　According to the R&D team of the Institute of Engineering Thermophysics of Chinese Academy of Sciences, AT200 is equipped with advanced flight control system and command system, which completely gets rid of the dependence on pilots and realizes the "one-button autonomous take-off and landing" of aircraft in the accusation center. The UAV flight controller only needs to monitor the on-board state, and can change the flight state by simple operation when necessary, which greatly reduces the freight cost and operation difficulty.

　　Expert comment: The AT200′ s short-distance take-off and landing capability has solved the take-off and landing problem of the island’s large-tonnage UAV. By adding the set-point delivery capability later, the aircraft that further improves the delivery accuracy will have broad application prospects in Southeast Asian countries along the Belt and Road Initiative. The shortage of captains has always been one of the main factors restricting the development of China’s civil aviation industry. In order to attract mature captains, some companies even offered a "transfer fee" of 5 million. The first flight of a large cargo UAV will open up new opportunities for the development of China’s civil aviation, especially air cargo.

　　Keyword 8: High-speed rail "forced stop" flight

　　"Air-ground competition" fiery high-speed rail frequently "forced to stop" direct flights

　　On the morning of December 6th, at Chengdu East Railway Station, a CRH3A bullet train stopped at the platform, and a touch of local gold eye shadow was particularly eye-catching. It was the first train D4252 of Xicheng High-speed Railway.

　　In recent years, the competition between high-speed rail and aviation has been fierce, and many routes within 800 kilometers have seen a double drop in attendance and fares, and even been forced to stop. In 2017, "open space competition" was staged again.

　　On April 16th, Zhengzhou-Beijing Sanyi Station went directly to the high-speed railway, and the attendance rate of passengers on the first day reached 80%. The high-speed rail passenger flow between the two places is hot. In contrast, the civil aviation market has shrunk to only one flight.

　　At the end of October, many passengers in Chengdu and Xi ‘an found that the previous direct flights between the two places were basically cancelled. It originally took only one and a half hours, and it took at least six hours after the transfer. Many people in the civil aviation system explained that the Xicheng high-speed railway was opened in October, and the airlines canceled all the direct flights when they made the winter and spring flight plans. Only after the cancellation did they know that the high-speed railway would be delayed.

　　Expert comment: In 2010, China Southern Airlines implemented the "Express Line" strategy to compete with the high-speed rail, which ended in failure. In the future, civil aviation and high-speed rail should compete in a wrong position and win-win cooperation. High-speed rail focuses on the short-and medium-distance passenger transport market, while civil aviation mainly invests in the operation of medium-and long-distance international cross-sea routes. The two sides can also carry out in-depth intermodal cooperation to jointly provide passengers with comfortable and fast travel services.

　　(Comment expert: Lin Zhijie, strategic planning manager of Xiamen Aviation Planning and Finance Department, responsible for civil aviation industry research, company strategic planning and business analysis. Columnist of Civil Aviation Resource Network. )

Text | Financial Street Lao Li

Geely Holding is a hot spot in the global capital market, and Krypton will be its most imaginative sector.

Yesterday, Krypton announced that the ZEEKR M-Vision concept car will have mass production conditions in 2024. This car is an exclusive vehicle customized and developed for the Waymone driverless team based on the ZEEKR M-Vision concept car, which means that Krypton has taken an important step in the field of autonomous driving.

At the end of last month, Geely Automobile announced that it had submitted a proposal to the Hong Kong Stock Exchange to spin off Krypton and list it independently. The Stock Exchange has confirmed that listed companies can spin off. Although there is still a long way to go before Krypton goes public independently, it has at least taken the first step.

There are a lot of news disclosed by the industry these days. Today, Lao Li will talk with you. Why did the extremely split layout start long ago? What are the strategic considerations for spin-off listing? What are the challenges of the split listing of Krypton?

Krypton split, early signal?

The capital market has always had high expectations for Geely Holding, but frankly speaking, most funds are looking forward to "Geely": in the secondary market, although Geely Automobile’s Hong Kong stocks once made many investors earn the first pot of gold, the whole Hong Kong market is not so good; In the primary market, Geely Holding’s various sectors are booming, but there are not many external financial funds that can be invested.

Listed companies under Geely Holding include Geely Automobile, Volvo Automobile, Polar Star Automobile, Yikatong, etc., and the proposed listing sector includes Cao Cao’s trip, etc., and the listing locations include Hong Kong, the United States and Europe. As the most important intelligent electric vehicle sector under Geely Holding, it is reasonable to go public.

According to the capital market research, Geely has been preparing for the independent listing of Krypton since its establishment. Geely has two main actions: one is to open financing for Krypton, and the other is to load high-quality assets.

Let’s talk about the first action-open financing.

As we all know, Geely always wanted to go public in science and technology innovation board, but in June, 2021, Geely withdrew its listing application because of the tightening IPO policy in science and technology innovation board. At the same time, Geely Automobile announced that it would seek different financing schemes for the extremely krypton brand, that is, from this time on, the extremely krypton independent listing plan was officially launched. At the same time, Geely Holding Group and Beilun District of Ningbo signed an investment cooperation agreement for the extremely smart electric vehicle project, and the global headquarters of extremely smart technology company settled in Ningbo.

Later, everyone became more clear. In August last year, Krypton launched the Pre-A round of financing. The financing targets included ecological partners such as Contemporary Amperex Technology Co., Limited, Billie Billie and Intel Capital. The publicly disclosed financing amount was 500 million US dollars, corresponding to 5.6% of the shares. According to this figure, the post-investment valuation of Krypton in August 2021 was close to 60 billion yuan.

Two months later, Geely Automobile announced that it would buy back part of its equity. By the end of Geely Automobile’s 2021 annual report, Geely Automobile held 59.71% of its equity. As for the specific shareholding structure behind it, there is no public disclosure at present.

Not surprisingly, in the next year or two, Krypton will further carry out external financing, but not too many shares will be sold, and Geely will have absolute control over the enterprise.

The second action of the split listing of Krypton is the merger of high-quality assets. Merging high-quality assets is a common practice in the capital market, with two main purposes: First, after merging high-quality assets into Krypton, it can support the listing of Krypton and obtain a good premium; conversely, Krypton will also drive the original assets to increase the premium and achieve the effect of killing two birds with one stone.

In July last year, Krypton Group (Krypton Holdings and its subsidiaries) entered into a CEVT acquisition agreement, a vast energy acquisition agreement and a Ningbo Weirui subscription agreement to acquire assets and technologies needed for R&D, production and sales of electric vehicles.

So far, Krypton holds 51% equity of Ningbo Weirui, 49% equity of Times Geely and 30% equity of Vast Energy. It can be seen that all the best assets of Geely Holding on power batteries and charging services have been loaded to Krypton.

Split and go public, kill two birds with one stone?

Seeing this, many friends will ask why Krypton will be split and listed, or what will Krypton bring to Geely Holding after the split and listing? In Lao Li’s view, apart from obtaining high premium in the primary and secondary markets, it is more important to serve Geely Holding Group.

In the past few years, although Geely’s industries have spread all over China, Geely’s capital has been globalized. For more than a decade, capital globalization has also driven industrial globalization. In the new stage of development, it will be the general trend for industry and capital to return to China. On the new energy vehicle track, neither the American market nor the Hong Kong market can get the same treatment as the domestic market. Most importantly, the market, industrial chain and capital of new energy vehicles are all in China.

Geely Automobile has been conceiving the A+H capital layout, looking at the performance of BYD, Contemporary Amperex Technology Co., Limited and Great Wall Motor in A-shares, and then looking at the performance of Geely Automobile in Hong Kong stocks, we can see from a glimpse that Geely Automobile will get a new financing path after the listing of A-shares, but for various reasons it backfired.

In the announcement, the spin-off terms of Krypton, such as listing place, listing time and sale scale, have not yet been determined. In fact, it is in the early stage of listing, and Krypton itself cannot be determined. Lao Li believes that according to Geely Holding’s strategy and external market environment, Krypton is likely to give priority to listing in science and technology innovation board, and of course, Hong Kong market and American market are not excluded.

Some friends of Lao Li said that the probability of listing Krypton in science and technology innovation board should be above 70%, on the one hand, because it serves the overall strategic layout of Geely Holding, and on the other hand, because the overall valuation of A shares is higher than that of Hong Kong, especially the new energy sector, which will be far ahead of the Hong Kong market in the next decade or even longer, and Krypton will get a better valuation premium than Hong Kong for its spin-off listing in science and technology innovation board and its spin-off listing on Growth Enterprise Market in the future.

The strategic layout of Geely Holding is very important, and it is also important to maximize the "assets". There is a saying in the secondary market.

At present, most new energy automobile companies don’t make money, and so does Krypton. According to Geely Automobile’s financial report, Krypton’s revenue in 2021 was 2.868 billion yuan, and its net loss was 1.010 billion yuan. The loss in the first half of this year reached 759 million yuan, with an average monthly loss of 126 million yuan. In the final analysis, these inputs and losses were borne by Geely Holding, or Li Shufu personally.

In the process of spin-off, Krypton can raise funds in the primary market, or refinance after listing, so as to obtain greater funding channels. At the same time, after the split-up of Krypton, it can also greatly alleviate the financial burden of the listed company Geely Automobile, optimize the financial statements, obtain a higher return on investment than before, and boost the valuation of the secondary market.

In addition, for Krypton itself, the spin-off will also promote the company’s main business to be more focused and more transparent, which will also help to convey a clear corporate image to the capital market and gain the recognition and support of investors.

Where are the challenges and dawns?

From the general direction, the split listing of Krypton is a perfect path, but it is not easy to walk. Lao Li believes that the biggest challenge at present is not internal, but external, which is not only a problem that extremely krypton will encounter, but also a problem encountered by other new energy vehicle companies.

Lao Li has mentioned many external problems before, but each family also has difficulties. For example, Zhongchuang Singapore Airlines and Zero Run Auto are listed in Hong Kong, and the pressure from shareholders has forced everyone to go. Weimar has also slowed down the pace of listing in Hong Kong, not because it doesn’t want to go to Hong Kong, but because its valuation is too low.

In the past two years, a number of new energy vehicle enterprises hatched by traditional giants have been added to the market, such as GAC Ai ‘an, SAIC Zhiji, Dongfeng Lantiu, Great Wall Salon, Chang ‘an Aouita, etc. After the capital market targets increase, the market will naturally kill the valuation, and the number of people sharing the cake will increase, and the value of each cake will naturally decrease.

So waiting is the best way for companies that are not short of money. The idea of extreme krypton may be to choose to promote the listing process first and then start the listing according to the appropriate time and price. A brokerage analyst also put forward the possibility that the news of the spin-off listing will pave the way for the A round of financing in the next 1-2 years. After all, some industrial funds have already made contact with Krypton.

For Krypton itself, at present, both science and technology innovation board and HKEx have put forward new auditing requirements for R&D capabilities of new energy vehicle companies. From 2020 to this year, many vehicle companies and Internet companies have stopped IPO due to "insufficient R&D level". We will wait and see how Krypton can play this card.

Despite the poor external environment, the sales volume of krypton has been exceeding expectations. In the first three quarters of 2022, the cumulative sales volume of krypton was 39,500 vehicles. After entering October, the delivery of krypton entered the fast lane, and the monthly delivery volume exceeded 10,000 vehicles, reaching 10,119 vehicles, an increase of 22.3% from the previous month. But the delivery pressure of krypton is not small.

Despite this, Geely is still at the forefront of domestic car companies, and its layout in the capital market is mainly around mergers and acquisitions and spin-offs. In the past ten years, Geely has been carrying out mergers and acquisitions, from traditional cars to new energy, from intelligent networking to ecology, achieving good synergy, while spin-off listing is a means of asset divestiture, which broadens the company’s financing channels through high-quality asset spin-off.

Generally speaking, there are two types of companies listed in the capital market: one is a growing subsidiary with strong profitability, such as BYD’s Foday Battery, and the other is an incubation platform company, such as Sina Weibo, which is incubated by Sina. From this point of view, krypton belongs to both at present, and will get a higher valuation in the capital market.

The listing of krypton will open up new ideas for Geely Holding, and will also open up new ideas for the industry.

　　Zhongxin. com, Taizhou, December 12 (Reporter Fan Yubin correspondent Cao Hongbing) "The month is 8-20 kg thin, pure plant extraction, no side effects." A online celebrity "weight loss coffee", which claims to be able to lose weight without dieting and exercise, is actually a three-no product, with drugs banned by the state, but it is marketed in 20 Yu Sheng cities nationwide. On the 12th, the police in Taizhou, Zhejiang Province held a press conference on the case of illegally adding banned drugs "weight loss coffee" to inform the case.

　　Pictured: seized items. Photo courtesy of Xianju Public Security

　　Recently, the public security organs at Taizhou and Xianju cities and counties, together with the market supervision department, with the assistance of the Ali special team, have launched a unified network-closing operation in Xianju, Zhejiang, Suzhou, Jiangsu and Changbai Mountain, Jilin, and smashed a full-chain criminal gang that produces and sells toxic and harmful weight loss coffee and candy online, and arrested 10 suspects headed by Xie Moumou, Zhang Mou, Yin Moumou and Chen Moumou, and approved the arrest of 2.

　　Pictured: the scene was seized. Photo courtesy of Xianju Public Security

　　It is reported that, All kinds of toxic and harmful coffees in online celebrity, such as Amorcoffee (powdered coffee), DLSLLMMINGCOFFE (black coffee), caféJessica (green coffee), DORAMACCHIATO (purple coffee), supersugar (Madge VC cocoa soft candy, compound fruit and vegetable candy), Nina fat-burning coffee and coffee with coffee, have been seized. The case is being further explored.

　　Pictured: press conference. Photo courtesy of Xianju Public Security

　　After testing, the seized weight loss coffee contains sibutramine and phenolphthalein, which are banned by the state. Such additives can cause serious toxic and side effects such as trance and cancer.

　　Illegal drugs were detected in online celebrity coffee.

　　In May this year, the police of Xianju County Public Security Bureau found that someone was selling weight loss coffee and candy on WeChat, Tik Tok, Xiaohongshu and other platforms, and the network spread over more than 20 provinces and cities such as Zhejiang, Henan and Guangdong. Someone left a message on the platform to report dizziness, palpitation and insomnia after taking these products.

　　Further investigation by the police found that these slimming products were all three-no products, but the selling price was as high as 300-500 yuan per package.

　　On July 7th, Ms. Li, a citizen of Xianju, reported to the police station in her jurisdiction that she had spent nearly 2,000 yuan on a weight loss coffee from her friends on WeChat, and after drinking it several times, her body appeared dizziness, leg weakness, drowsiness and other symptoms. After examination by the hospital, the value of alanine aminotransferase was seriously high, and liver damage occurred, but this WeChat friend could no longer be contacted.

　　The police entrusted the weight loss coffee purchased by Ms. Li to the market supervision department for testing, and the results showed that the product contained the banned drug "sibutramine".

　　Sibutramine was originally used for adjuvant treatment of obesity, but because of its great side effects, it will lead to increased heart rate and blood pressure, and even lead to stroke and death in severe cases.

　　According to the analysis of police data, it is preliminarily determined that this is a case of extra-large network producing and selling harmful food across provinces. The local seller of Xianju is Chen Moumou, who has online stores on WeChat, Tik Tok and Xiaohongshu, and many of his subordinate agents are Yang Moumou, a WeChat friend who buys products from Ms. Li. After tracing at different levels, it was found that Chen was a couple of Yin who lived in Yangcheng Lake, Xiangcheng District, Suzhou City temporarily, and gradually found out the operation of the intermediate link of the whole manufacturing and selling of harmful food gangs.

　　On September 30th, the public security organs at Taizhou and Xianju, together with the market supervision departments, launched the first round of network-closing operations in Xianju and Suzhou, arresting 6 suspects, destroying 6 sales dens and 1 packaging warehouse, and seizing more than 160 boxes of online celebrity’s poisonous and harmful coffee and candy in various packages, with a case value of more than 5.6 million yuan.

　　According to Yin Moumou and Chen Moumou and others, they don’t produce coffee. These coffees are purchased from the Internet at a purchase price of 80 to 90 yuan per pack. The terminal sales price is 320 yuan, and the wholesale price of the developed off-line Wechat business is around 150 yuan.

　　The police destroyed the production and sales network.

　　After massive data analysis and layer-by-layer tracking, all the clues point to — — Xie Moumou, Zhang Mou and Xu Moumou, Erdaobaihe Town, Antu County, Jilin Province.

　　On November 10th, a frontier arresting group consisting of nearly 20 policemen and market supervision staff from Xianju County Public Security Bureau quietly entered Erdaobaihe Town to start work.

　　In the ice and snow, after a week’s follow-up, the investigators used a variety of investigation methods to grasp the whereabouts of the suspects Zhang and Xie Moumou, as well as vehicles, production dens, warehouses and so on.

　　On November 22nd, the arresting team was divided into two groups. After tracking and observing, they seized the Zhangjia couple, their son and Xie Moumou who were producing and filling and selling online at home in a production den.

　　In the production dens, the staff of the task force saw that the room was covered with dust, not only the environment was messy, but also all kinds of coffee ingredients were randomly packed in bags for animal feed or scattered on the dark ground.

　　Black workshops produce "three noes" coffee

　　After investigation, 27-year-old Xie Moumou and 26-year-old Zhang are lovers. In 2017, Xie learned that adding sibutramine or phenolphthalein to coffee had a significant weight loss effect, so together with Zhang, he purchased coffee raw materials, sibutramine and production equipment from the Internet. Without obtaining the Food Production License and the Food Business License, he rented two simple temporary buildings as the production series "weight loss coffee" for production and filling dens, and the sales warehouse dens were located in the garage beside his home.

　　Zhang and his parents, Zhang Moumou and Xu Moumou, are responsible for the production and filling. Xie used Tik Tok, WeChat, Pinduoduo and other social platforms to communicate and find an agent. Once an order was made, Zhang’s parents used a pseudonym at will to conduct sales and circulation through logistics delivery channels.

　　In order to expand the sales and influence of the products, Xie Moumou promoted the product packaging as a so-called "health food" with high-end import and remarkable curative effect, claiming that all the raw materials of his products were extracted from wild berries in Spain and South Africa without any side effects.

　　Under such packaging and publicity, the weight loss coffee produced by it seems to be a "magic medicine", which is popular among beauty lovers and some illegal Wechat business, and the product sales are very good. According to the preliminary investigation, the national agent sales spread over more than 20 provinces, involving more than 66 million yuan. (End)