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Central Bank and State Administration of Foreign Exchange： Improve the digital service level of banks in handling capital account business.

Cctv newsAccording to the website of the People’s Bank of China, the People’s Bank of China and the State Administration of Foreign Exchange issued a notice on improving the digital service level of banks in handling capital account business. Details are as follows:

In order to further facilitate business entities to handle capital account business in a compliant and efficient manner and improve the digital service level of banks, relevant matters are hereby notified as follows:

　　1. Eligible banking financial institutions (hereinafter referred to as banks) can handle relevant capital account business (hereinafter referred to as digital capital account business) for eligible institutions or individuals (hereinafter referred to as business entities) through online examination of electronic documents in accordance with regulations.

　　The term "electronic documents" as mentioned in this Notice refers to valid documents and commercial documents in electronic form, such as administrative licensing documents, contracts, invoices, etc., which have legal effect, conform to the provisions of existing laws and regulations, are recognized by banks and can be retained, and their forms include electronic documents automatically generated by the system and electronic scanned copies of paper documents. The relevant capital account business mentioned in this Notice refers to the foreign exchange business of capital account and cross-border RMB business that banks have the right to directly handle offline.

　　Two, the bank has the following conditions, can handle the digital business of capital projects:

　　(1) Establish a complete digital business management system for capital projects, including but not limited to business types, business management methods or operating procedures, management system during and after the event, risk prevention and control measures, etc.

　　(2) Having a technical platform or means for transmitting and storing electronic documents, and relevant technologies can ensure the legality, integrity and security of transmitting and storing electronic documents.

　　(three) business personnel and management personnel with corresponding business experience.

　　Banks should co-ordinate services to the real economy and guard against risks, and organize and authorize domestic branches to carry out capital account digitalization business according to laws and regulations according to the specific conditions of business risks, internal compliance and risk control in various regions.

　　III. Banks should consider the compliance and credit status of business entities in handling capital account business, and in principle, they should not handle capital account digitalization business for the following business entities:

　　(1) Enterprises in the list of foreign exchange receipts and payments of goods trade whose classification results are below Class A (excluding Class A).

　　(2) Business entities listed in the control list of the capital account information system or the key supervision list of cross-border RMB business.

　　(3) Business entities with a record of foreign exchange administrative punishment in the past year (domestic institutions established less than one year have a record of foreign exchange administrative punishment from the date of establishment to the date of handling capital account digitization business).

　　Four, business entities in the bank to handle the digital business of capital projects, should be submitted to the bank with legal effect, in line with the existing laws and regulations, recognized by the bank and can be retained by the real, complete and clear electronic documents.

　　Business entities shall not tamper with or reuse electronic documents in violation of regulations.

　　5. When a bank handles the digital business of capital projects, it shall take the equivalent due diligence measures to handle the related capital projects in the same offline way, strictly abide by the principles of exhibition industry, audit of related capital projects and file management requirements, and meet the following requirements:

　　(1) The bank shall require the business entities handling the capital account digitization business to submit electronic documents that conform to the provisions of Article 4 of this Notice and are consistent with the original transaction documents.

　　(two) the bank shall, in accordance with the provisions, make a reasonable audit of whether the electronic documents submitted by the business entities comply with the provisions of Article 4 of this Notice; If the electronic documents submitted by the business entity cannot prove that the transaction is true, legal and reasonable, they should be required to go offline and submit the original transaction documents and other relevant materials.

　　(3) Banks should take necessary technical identification and other means to avoid the same electronic document that should not be reused and the corresponding paper documents from being reused or tampered with.

　　(4) If a bank discovers that electronic documents are forged, altered or reused in violation of regulations, it shall stop handling the capital account digitization business for the business entity from the date of discovery, and report to the local branches of the People’s Bank of China and the State Administration of Foreign Exchange in a timely manner.

　　Banks should also comply with the Anti-Money Laundering Law of People’s Republic of China (PRC), the measures for the management of customer identification of financial institutions and the preservation of customer identification data and transaction records.

　　6. When handling the digital business of capital account, a bank shall, in accordance with the requirements of the Notice of the State Administration of Foreign Exchange on Issuing the Specification for Data Collection of Foreign Exchange Business of Financial Institutions (Version 1.3) (Huifa [2022] No.13), timely submit relevant cross-border revenue and expenditure, accounts, domestic transfers, settlement and sale of foreign exchange in accounts and other information.

　　For the submission of cross-border revenue and expenditure information, the word "CADS" should be marked in the column of "transaction postscript"; When submitting the information of account expenses, the word "CADS" should be marked in the "Remarks" column; For the submission of domestic transfer information, the word "CADS" should be marked in the column of "transaction postscript"; Involving the submission of foreign exchange settlement information, the words "CADS" should be marked in the column of "detailed use of foreign exchange settlement"; Where the information about foreign exchange purchase is submitted, the word "CADS" shall be marked in the column of "Filler"; Where the business registration of capital projects is involved, the words "CADS" shall be marked in the "Remarks" column of all kinds of agreement registration.

　　When handling the digitalization business of capital projects involving RMB cross-border receipt and payment, banks should also timely, completely and accurately report to the RMB cross-border receipt and payment information management system (RCC) according to the Administrative Measures for RMB cross-border receipt and payment information management system (Yinfa [2017] No.126) and the Notice of the General Office of the People’s Bank of China on Optimizing the Information Reporting Process of RMB cross-border receipt and payment information management system (Yinban Fa [2013] No.188).

　　Seven, the people’s Bank of China, the State Administration of foreign exchange to strengthen the supervision of the development of capital account digital business. If banks and business entities handle the digital business of capital projects in violation of this notice and the relevant provisions on the management of capital projects, the People’s Bank of China and the State Administration of Foreign Exchange will impose penalties according to the Law of the People’s Republic of China on the People’s Bank of China and the Regulations of People’s Republic of China (PRC) on Foreign Exchange Management.

　　Eight, foreign banks (Hong Kong, Macao and Taiwan banks apply mutatis mutandis) domestic branches with reference to this notice.

　　This notice shall come into force as of December 20, 2023. In case of problems in the implementation process, please give feedback to the People’s Bank of China and the State Administration of Foreign Exchange in time.

Guangdong Provincial Meteorological Disaster Warning Signal Release Regulations Guangdong Provincial People’s Government Portal Website

the first　In order to strengthen the prevention of meteorological disasters, avoid and reduce the losses caused by meteorological disasters, and protect people’s lives and property safety, these Provisions are formulated in accordance with the Meteorological Law of People’s Republic of China (PRC), the Regulations on the Prevention of Meteorological Disasters and the Regulations on the Prevention of Meteorological Disasters in Guangdong Province, combined with the actual situation of this province.

the second　Those who issue meteorological disaster warning signals within the administrative region of this province and the sea areas under their jurisdiction shall abide by these provisions.

The meteorological disaster warning signal of these Provisions (see Annex) is the unified signal of meteorological disaster prevention in this province.

Meteorological disaster warning signals are composed of names, icons, meanings and defense guidelines, which are divided into typhoon, rainstorm, high temperature, cold, fog, haze, thunderstorm and gale, road icing, hail, forest fire and so on.

Article　Meteorological disaster warning signals shall be uniformly issued by the meteorological offices and stations subordinate to the competent meteorological departments at or above the county level. No organization or individual may disseminate to the public the meteorological disaster warning signals provided by meteorological stations subordinate to non-competent meteorological departments.

Meteorological offices and stations subordinate to the competent meteorological departments at or above the county level shall, according to the weather changes, update or cancel the early warning signals of meteorological disasters in a timely manner, and notify the relevant emergency departments and rescue units of the people’s governments at the corresponding levels.

Article 4　Radio, television, new media and relevant communication operating units shall timely broadcast meteorological disaster warning signals or related information provided by meteorological stations subordinate to the competent meteorological departments. The relevant communication operation units shall ensure the smooth transmission of meteorological disaster early warning signals transmitted through their public communication networks. The specific measures for broadcasting meteorological disaster warning signals shall be formulated by the provincial competent meteorological department in conjunction with the provincial radio, television and communication industry management departments.

Article 5　People’s governments at all levels should strengthen the construction of infrastructure for disastrous weather monitoring and forecasting system, meteorological disaster early warning signal broadcasting system and defense system, and constantly improve the local early warning level, broadcasting quality and defense capability.

Article 6　People’s governments at all levels and relevant departments shall refer to the defense guidelines in the early warning signals of meteorological disasters, and formulate specific measures to prevent meteorological disasters in combination with local and departmental conditions.

Article 7　People’s governments at all levels, relevant departments and news media shall publicize meteorological disaster warning signals in various ways to improve public awareness and ability of disaster prevention and mitigation.

Article 8　Units and individuals shall, in accordance with these provisions and the provisions of the local people’s government or the relevant competent departments, take measures to actively defend against, avoid or reduce disaster losses.

Article 9　 In violation of the provisions of article third and article fourth, any of the following acts shall be punished by the competent meteorological departments at or above the county level in accordance with the relevant provisions of the Regulations on the Prevention of Meteorological Disasters; Constitute a violation of public security management, shall be punished by the public security organs according to law:

(1) Disseminating to the public meteorological disaster warning signals provided by meteorological offices and stations subordinate to non-competent meteorological departments;

(two) failing to broadcast the meteorological disaster warning signals or related information provided by the meteorological offices and stations affiliated to the competent meteorological departments as required.

Article 10　These Provisions shall come into force as of January 1, 2019. On March 27th, 2006, the 89th executive meeting of the 10th Guangdong Provincial People’s Government adopted the Regulations on Issuing Early Warning Signals of Sudden Meteorological Disasters in Guangdong Province, which shall be abolished at the same time.


Attachment: Guangdong Meteorological Disaster Warning Signal


attachment


Early warning signal of meteorological disasters in Guangdong Province

　

A typhoon warning signal

Typhoon warning signals are divided into five levels, which are represented by white, blue, yellow, orange and red respectively.

(1) Typhoon White Warning Signal

Icon:

Meaning: It will be affected by typhoon within 48 hours.

Defense guidelines:

1. Enter the state of typhoon attention and be alert to the impact of typhoon on the local area.

2. Pay attention to the latest situation of typhoons through meteorological information dissemination channels.

(2) Typhoon blue warning signal

Icon:　

Meaning: It will be affected by typhoon within 24 hours, with an average wind force of above 6 or a gust of above 8; Or have been affected by the typhoon, the average wind force is 6 ~ 7, or the gust is 8 ~ 9 and will continue.

Defense guidelines:

1. Enter the typhoon alert state and prepare for typhoon defense.

2. Pay attention to the latest news of typhoon and the notice of the government and relevant departments to defend against typhoon.

3. Strengthen temporary structures such as doors and windows, board houses, tin houses and scaffolding, and properly arrange outdoor shelving and hanging objects.

4. Personnel engaged in mariculture and offshore operations should be evacuated in time, and ships should return to Hong Kong in time to take shelter from the wind or take other shelter measures.

(3) Typhoon yellow warning signal

Icon:

Meaning: It will be affected by typhoon within 24 hours, with an average wind force of more than 8 or a gust of more than 10; Or have been affected by the typhoon, the average wind force is 8 ~ 9, or the gust is 10 ~ 11 and will continue.

Defense guidelines:

1. Enter the typhoon defense state, pay close attention to the latest news of typhoon and the typhoon defense notice issued by the government and relevant departments.

2 primary and secondary schools, kindergartens and nurseries should be closed, and students who have not left for school do not have to attend school; Students on their way to and from school should go to a safe place nearby or go home in a safe situation; Schools should properly arrange students on campus (including school buses and boarding houses) and arrange for students to leave school and go home while ensuring safety.

3. Residents should close doors and windows, properly arrange outdoor shelving and hanging objects, and try to avoid going out; People in dangerous areas and dangerous houses should be evacuated in time to ensure that they stay in safe places.

4. Stop outdoor collective activities and outdoor work at high altitude.

5. Coastal bathing beaches, scenic spots, parks and playgrounds shall be closed in due course, and relevant areas shall be closed, and personnel shall be organized to avoid risks.

6. Personnel engaged in mariculture and offshore operations shall be evacuated, and ships returning to Hong Kong to take shelter from the wind shall not leave Hong Kong without authorization, and take defensive measures.

7. Relevant emergency departments and rescue units should strengthen their duty, pay attention to the disaster situation in real time, and implement countermeasures.

(4) Typhoon orange warning signal

Icon:

Meaning: It will be affected by typhoon within 12 hours, with an average wind force of more than 10 or a gust of more than 12; Or have been affected by the typhoon, the average wind force is 10 ~ 11, or the gust is above 12 and will continue.

Defense guidelines:

1. Enter the state of typhoon emergency defense, pay close attention to the latest news of typhoon and the typhoon defense notice issued by the government and relevant departments.

2 primary and secondary schools, kindergartens and nurseries should be closed, and schools should properly arrange boarding students.

3. Residents should avoid going out and ensure to stay in a safe place.

4. Stop large-scale indoor assembly and evacuate people immediately.

5. Seashore bathing places, scenic spots, parks and playgrounds shall be closed and personnel shall be quickly organized to avoid risks.

6. Strengthen port facilities; Implement ship defense measures to prevent anchoring, grounding and collision.

7. Relevant emergency departments and rescue units should closely monitor the disaster situation and do a good job in emergency rescue and disaster relief.

(5) Typhoon red warning signal

Icon:

Meaning: It will be or has been affected by the typhoon within 12 hours, and the average wind power can reach above 12, or it has reached above 12 and will continue.

Defense guidelines:

1. Enter the typhoon emergency defense state, pay close attention to the latest news of typhoon and the typhoon defense notice issued by the government and relevant departments.

2 primary and secondary schools, kindergartens and nurseries should be closed, and schools should properly arrange boarding students; It is suggested that employers stop work (except for special industries) and provide safe shelter for stranded personnel.

3. Residents should not go out and ensure to stay in a safe place.

4. When the typhoon center passes by, the wind will decrease or stay still for a period of time, so we should keep alert and defense to prevent the strong wind from attacking again after the typhoon center passes by.

5. Relevant emergency departments and rescue units should closely monitor the disaster situation and do a good job in emergency rescue and disaster relief.

Second, the rainstorm warning signal

The rainstorm warning signal is divided into three levels, which are represented by yellow, orange and red respectively.

(1) yellow rainstorm warning signal

Icon:

Meaning: there will be heavy rain in the local area within 6 hours, or there has been obvious rainfall, and the rainfall will continue.

Defense guidelines:

1. Enter the rainstorm alert state and pay attention to the latest news of rainstorm.

2. Primary and secondary schools, kindergartens and nurseries shall take appropriate measures to ensure the safety of students and children.

3. Drivers should pay attention to road water and traffic jams to ensure safety.

4. Do a good job of drainage and flood prevention in low-lying and waterlogged areas.

(B) rainstorm orange warning signal

Icon:

　

Meaning: In the past three hours, the local rainfall has reached more than 50 mm, and the rainfall will continue.

Defense guidelines:

1. Enter the state of rainstorm defense and pay close attention to the latest news of rainstorm.

2. Students can delay going to school; Students on their way to and from school should take refuge in a safe place nearby.

3. Suspend outdoor operations and activities, and stay in a safe place as far as possible.

4. Driving vehicles should try to avoid waterlogged sections and sunken overpasses, avoid crossing flooded roads, and avoid parking vehicles in dangerous areas such as low-lying and waterlogged areas.

5. The relevant emergency departments and rescue units should strengthen their duty, closely monitor the disaster situation, and implement traffic guidance and drainage and flood prevention in stagnant water areas; Transfer people in dangerous areas and dangerous houses to safe places for temporary shelter.

6. Take safety precautions for outdoor power supply facilities in low-lying areas.

7. Pay attention to prevent waterlogging, flash floods, landslides, mudslides and other disasters that may be caused by heavy rain.

(3) Rainstorm red warning signal

Icon:

　

Meaning: In the past three hours, the local rainfall has reached more than 100 mm, and the rainfall will continue.

Defense guidelines:

1. Enter the state of emergency defense against rainstorm, pay close attention to the latest news of rainstorm and the notice of defense against rainstorm issued by the government and relevant departments.

2 primary and secondary schools, kindergartens and nurseries should be closed, and students who have not left for school do not have to attend school; Students on their way to and from school should go home under safe circumstances or take refuge in a safe place nearby; Schools should ensure the safety of students at school (including school buses and boarding).

3 to stop outdoor operations and activities, personnel should stay in a safe place for temporary shelter; People in dangerous areas and dangerous houses should be evacuated.

4. The management units of underground facilities and places such as subways, underground shopping malls, underground garages and underground passages shall take effective measures to avoid and reduce losses and ensure the safety of personnel.

5. Take safety precautions for outdoor power supply facilities in low-lying areas.

6. Driving vehicles should go to the nearest safe area for temporary shelter, and avoid parking vehicles in dangerous areas such as low-lying and waterlogging. In case of serious flooding and other dangerous situations, they should immediately abandon their vehicles and escape.

7. The relevant emergency departments and rescue units shall closely monitor the disaster situation and do a good job in emergency rescue and disaster relief work of heavy rain and waterlogging, flash floods, landslides, mudslides and other disasters caused by it.

Third, the high temperature warning signal

The high temperature warning signal is divided into three levels, which are represented by yellow, orange and red respectively.

(A) high temperature yellow warning signal

Icon:

Meaning: The weather is sultry, and the maximum temperature will rise to 35℃ or above within 24 hours.

Defense guidelines:

1. Pay attention to heatstroke prevention and cooling.

2. Avoid working outdoors for a long time or at high temperature.

3. Strengthen the propaganda of heatstroke prevention and cooling health care knowledge.

(2) High temperature orange warning signal

Icon:

Meaning: The weather is hot, and the maximum temperature will rise above 37℃ within 24 hours or has reached above 37℃.

Defense guidelines:

1. Do a good job in heatstroke prevention and cooling, try to avoid outdoor activities during high temperature periods, and suspend outdoor outdoor operations.

2. Pay attention to prevent fires caused by excessive load of power equipment such as wires and transformers.

3. Pay attention to work and rest time, ensure sleep, and prepare some commonly used heatstroke prevention and cooling drugs when necessary.

4. Relevant units shall implement safeguard measures for heatstroke prevention and cooling, provide guidance for heatstroke prevention and cooling, and open summer resorts in areas where conditions permit.

The relevant departments should strengthen the supervision and inspection of food hygiene and safety.

(3) High temperature red warning signal

Icon:

Meaning: The weather is extremely hot, and the maximum temperature will rise above 39℃ within 24 hours.

Defense guidelines:

1. Take effective measures to prevent heatstroke and cool down, and minimize outdoor activities during the day.

2. Take protective measures for the old, weak, sick, young and pregnant people.

3. In addition to special industries, stop outdoor outdoor operations.

4. Units and individuals should pay special attention to fire prevention.

5. Relevant units shall take emergency measures for heatstroke prevention and cooling according to their duties, and open summer resorts in areas where conditions permit.

Fourth, the cold warning signal

The cold warning signal is divided into three levels, which are represented by yellow, orange and red respectively.

(A) cold yellow warning signal

Icon:

Meaning: It is estimated that the local temperature will drop by more than 10℃ within 24 hours due to the invasion of cold air, or the average daily temperature will remain below 12℃.

Defense guidelines:

1. Pay attention to the latest news of cold weather and the cold prevention notice issued by the government and relevant departments.

2. Pay attention to the cold and windproof work, and residents should add clothes to keep warm.

(2) Cold orange warning signal

Icon:

Meaning: It is estimated that the local minimum temperature will drop below 5℃ or the daily average temperature will remain below 10℃ due to the invasion of cold air.

Defense guidelines:

1. Pay close attention to the latest news of cold weather and the cold prevention notice issued by the government and relevant departments.

2 residents, especially the old, weak, sick, young and pregnant people, should do a good job of cold protection and warmth.

3. Take cold rescue measures, and timely open cold shelters.

4 do a good job in the cold and wind protection of livestock and poultry, and take cold protection measures for tropical and subtropical fruits and related aquatic products and crops.

5. Frost and freezing prevention measures should be taken in alpine regions.

(3) Cold red warning signal

Icon:

Meaning: It is estimated that the local minimum temperature will drop below 0℃ or the daily average temperature will remain below 5℃ due to the invasion of cold air.

Defense guidelines:

1. Pay close attention to the latest news of cold weather and the cold prevention notice issued by the government and relevant departments.

2. Residents, especially the old, the weak, the sick, the young and the pregnant people, should strengthen the work of cold prevention and warmth.

3. Take cold rescue measures and open cold shelters.

4 agriculture, forestry, aquaculture, animal husbandry, transportation, power supply and other units should take measures to prevent cold and freeze.

5. Relevant emergency departments and rescue units shall do a good job in disaster emergency rescue and relief.

Five, fog warning signal

The fog warning signal is divided into three levels, which are represented by yellow, orange and red respectively.

(1) Fog yellow warning signal

Icon:

　

Meaning: Fog with visibility less than 500 meters will appear within 12 hours, or fog with visibility less than 500 meters and greater than or equal to 200 meters has already appeared and will continue.

Defense guidelines:

1. Drivers should pay attention to safety and drive carefully.

2 airports, rail transit, highways, ports and docks and other management units to strengthen management, to ensure safety.

3. Pay attention to safety in outdoor activities.

(2) Fog orange warning signal

Icon:

Meaning: Fog with visibility less than 200 meters will appear within 6 hours, or fog with visibility less than 200 meters and greater than or equal to 50 meters has already appeared and will continue.

Defense guidelines:

1. Drivers should control the speed of vehicles and ships to ensure safety.

2 airports, rail transit, expressways, ports and docks and other management units shall take effective measures to strengthen dispatching and command to ensure safety.

3. Reduce outdoor activities.

(3) Fog red warning signal

Icon:

　　

Meaning: Fog with visibility less than 50 meters will appear within 2 hours, or fog with visibility less than 50 meters has already appeared and will continue.

Defense guidelines:

1. Relevant units shall take timely traffic safety control measures in accordance with industry regulations, such as airport suspension of aircraft take-off and landing, temporary closure of expressways, temporary suspension of ferries, etc.

2 all kinds of motor vehicles take effective measures to ensure safety.

3. Drivers should drive in a reasonable way and find a safe parking area as soon as possible.

4. Avoid outdoor activities.

Six, haze weather warning signal

Haze warning signal, expressed in yellow.

Icon:

Meaning: Haze weather will appear within 12 hours, or it has already appeared and will continue.

Defense guidelines:

1. Drivers should pay attention to safety and drive carefully.

2 airports, highways, ports and docks and other management units take measures to ensure safety.

3. Residents need proper protection and reduce outdoor activities. It is suggested that primary and secondary schools, kindergartens and nurseries stop outdoor activities in due course.

Seven, thunderstorm gale warning signal

Thunderstorm and gale warning signals are divided into three levels, which are represented by yellow, orange and red respectively.

(1) Yellow warning signal of thunderstorm and gale

Icon:

Meaning: within 6 hours, the local area will be affected by thunderstorm weather, with an average wind force of more than 6, or a gust of more than 8, accompanied by strong lightning; Or have been affected by thunderstorm weather, with an average wind force of 6-7, or gusts of 8-9, accompanied by strong lightning, and will continue.

Defense guidelines:

1. Pay attention to the latest news of thunderstorms and strong winds and relevant defense notices, and do a good job in defending against strong winds and lightning.

2. Stop outdoor collective activities in time and stop outdoor work such as high altitude.

3. Residents should close doors and windows, properly arrange outdoor shelving and hanging objects, try to avoid going out, and stay in a safe place with lightning protection devices for temporary shelter.

4 parks, scenic spots, playgrounds and other outdoor places should take protective measures to ensure the safety of personnel.

5. Take necessary measures to ensure the safety of equipment, facilities and places vulnerable to lightning.

6 airports, rail transit, highways, ports and docks and other management units shall take measures to ensure safety.

(2) orange warning signal of thunderstorm and gale

Icon:

Meaning: within 2 hours, the local area will be affected by thunderstorm weather, with an average wind force of more than 8, or a gust of more than 10, accompanied by strong lightning; Or have been affected by thunderstorm weather, the average wind force is 8 ~ 9, or the gust is 10 ~ 11, accompanied by strong lightning, and will continue.

Defense guidelines:

1. Pay close attention to the latest news of thunderstorms and strong winds and relevant defense notices, and quickly do a good job in defending against strong winds and lightning.

2. Stop outdoor activities and homework immediately.

3. Residents should close doors and windows and properly arrange outdoor shelving and hanging objects.

4. Residents should avoid going out, stay away from outdoor billboards, scaffolding, tin houses, board houses and other structures that are easily blown by strong winds, and do not hide under trees, poles or tower cranes. They should stay in a safe place with lightning protection devices for temporary shelter.

5. Parks, scenic spots, playgrounds and other outdoor places shall issue warning information in time, close relevant areas in time, stop business and organize residents to avoid risks.

6. Protective measures should be taken in the construction site to strengthen the safety protection of sheds, scaffolding, derricks and other facilities and tower cranes, gantry cranes, elevators and other mechanical and electrical equipment to ensure the safety of residents.

7 airports, rail transit, highways, ports and docks and other management units shall take prompt measures to ensure safety.

8. Relevant emergency departments and rescue units should closely monitor the disaster situation and do a good job in emergency rescue and disaster relief.

(3) Thunderstorms and strong winds in red warning signal

Icon:

Meaning: within 2 hours, the local area will be affected by thunderstorm weather, with an average wind force of more than 10 or a gust of more than 12, accompanied by strong lightning; Or have been affected by thunderstorm weather, the average wind force is above 10, or the gust is above 12, accompanied by strong lightning, and will continue.

Defense guidelines:

1. Pay close attention to the latest news of thunderstorms and strong winds and relevant defense notices, and quickly do a good job in defending against strong winds and lightning.

2. Stop outdoor activities and homework immediately.

3. Residents should close doors and windows and properly arrange outdoor shelving and hanging objects.

4. Residents should not go out, stay away from outdoor billboards, scaffolding, tin houses, board houses and other structures that are easily blown by strong winds, avoid under trees, poles and tower cranes, and stay in a safe place with lightning protection devices for temporary shelter.

5. Parks, scenic spots, playgrounds and other outdoor places should immediately issue warning information, immediately close the relevant areas, stop business, and organize personnel to hedge.

6. Protective measures should be taken in the construction site to strengthen the safety protection of sheds, scaffolding, derricks and other facilities and tower cranes, gantry cranes, elevators and other mechanical and electrical equipment to ensure the safety of personnel.

7 airports, rail transit, highways, ports and docks and other management units shall take prompt measures to ensure safety.

8. Relevant emergency departments and rescue units should closely monitor the disaster situation and do a good job in emergency rescue and disaster relief.

Eight, road icing warning signal

The warning signal of road icing is divided into three levels, which are represented by yellow, orange and red respectively.

(A) road icing yellow warning signal

Icon:

　

Meaning: Within 12 hours, there will be road icing that has an impact on traffic.

Defense guidelines:

1 transportation, public security organs, traffic management and other departments to prepare for the response.

2. Drivers should pay attention to road conditions and drive safely.

(B) Road icing orange warning signal

Icon:

Meaning: There will be road icing which has great influence on traffic within 6 hours.

Defense guidelines:

1. Pedestrians should pay attention to anti-skid when traveling.

2. Transportation, traffic management of public security organs and other departments should pay attention to directing and guiding driving vehicles.

3. Drivers should take anti-skid measures, obey orders and drive slowly.

(3) Road icing red warning signal

Icon:

　

Meaning: There will be or has been road icing that has a great impact on traffic within 2 hours.

Defense guidelines:

1. Residents should minimize going out.

2. Relevant departments shall take timely traffic safety control measures and close icy roads when necessary.

3. Relevant emergency departments and rescue units should closely monitor the disaster situation and do a good job in emergency rescue and disaster relief.

Nine, hail warning signal

Hail warning signals are divided into two levels, which are represented by orange and red respectively.

(1) Hail orange warning signal

Icon:

　

Meaning: There will be or has been hail within 6 hours, which may cause hail disaster.

Defense guidelines:

1. Outdoor personnel shall take refuge in a safe place in time.

2. Properly arrange outdoor articles and vehicles that are easily affected by hail.

3. Drive poultry and livestock to a safe place with a canopy.

4. Relevant emergency departments and emergency rescue units are ready to start the emergency rescue plan at any time.

(2) Hail red warning signal

Icon:

　

Meaning: there is a great possibility of hail within 2 hours or there has been hail, which may cause heavy hail disaster.

Defense guidelines:

1. Outdoor personnel should immediately take refuge in a safe place.

2. Properly arrange outdoor articles and vehicles that are easily affected by hail.

3. Drive poultry and livestock to a safe place with a canopy.

4. Relevant emergency departments and rescue units should closely monitor the disaster situation and do a good job in emergency rescue and disaster relief.

Ten, forest fire warning signal

Forest fire warning signals are divided into three levels, which are represented by yellow, orange and red respectively.

(A) forest fire yellow warning signal

Icon:

Meaning: The fire risk is relatively high, the meteorological grade of forest fire risk is Grade III, the combustible materials in the forest are easy to burn, and forest fires are easy to occur.

Defense guidelines:

1 to enter the state of forest fire prevention, the relevant units should strengthen the publicity and education of forest fire prevention and popularize the fire safety guidelines.

2 to strengthen the supervision of mountain patrol and forest protection and the use of fire in the field.

3. Enter the forest fire prevention zone and pay attention to fire prevention; Fire prevention measures should be taken in forest fire prevention areas, and no kindling should be left.

4. Fully prepare for fire fighting and disaster relief.

(B) orange warning signal of forest fire danger

Icon:

Meaning: high fire risk, the meteorological grade of forest fire risk is level 4, combustible materials in the forest are easy to burn, forest fires are easy to occur, and the fire spreads quickly.

Defense guidelines:

1. Enter the state of forest fire prevention, the relevant units should further strengthen the publicity and education of forest fire prevention.

2. Strengthen the supervision of mountain patrol and forest protection and wild fire use.

3. Strengthen inspection, prohibit carrying kindling into the mountains, and strictly control fire sources in the wild.

4. Fully prepare for fire fighting and disaster relief.

(3) Forest fire risk red warning signal

Icon:

Meaning: extremely high fire risk, the meteorological grade of forest fire risk is five, the combustible materials in the forest are very easy to burn, forest fires are very easy to occur, and the fire spreads very fast.

Defense guidelines:

1. Enter the state of emergency fire prevention, the relevant units to strengthen on-duty scheduling, pay close attention to forest fire information dynamics.

2. Further strengthen mountain patrol and forest protection, implement various preventive measures, and eliminate hidden dangers of forest fires in time.

3. Strict inspection, it is forbidden to carry kindling into the mountains, and strictly control the fire sources in the wild.

4. The government can issue an order to prohibit all the use of fire in the wild and strictly control the use of fire by residents who may cause forest fires.

5. Make full preparations for fire fighting and disaster relief, and the forest fire brigade must be ready.

6. Forest fires should be put out in a timely, scientific and safe manner to ensure the safety of people’s lives and property.

Akio Toyoda apologized to China consumers for the recall.

　　[Information] On March 1st, 2010, Akio Toyoda, the global automobile company, came to China to explain Toyota’s product recall to the global market some time ago, and formally apologized to domestic consumers (click to enter the apology content of Akio Toyoda to China consumers). At the apology meeting, he explained the recalled models in China, apologized to China consumers, and said that China is still Toyota’s largest market, and the production and sales plan for China will continue.


Home of the car




　　Akio Toyoda’s explanation on how to avoid product quality problems in the future;


　　For Toyota, customers are paramount. For customers who buy their favorite cars, safety performance and quality are the most important. Toyota’s improvement measures in the future are to strengthen quality management. In particular, I think we should return to customer first and improve the situation from the customer’s point of view. There are several specific measures.


　　First,Set up a special organization directly under the president, that is, I, the Special Committee on Global Quality. The Committee is composed of newly appointed quality special members from various regions. It is the work of the Global Quality Committee to summarize and improve the contents of quality management from the design, manufacture, sales and after-sales service of automobiles. By setting up such a committee, we believe that we can better listen to customers’ voices and make rectification measures according to the characteristics of each region.In China, we will also appoint a special quality committee to participate in this activity.


　　Second,As a concrete measure of quality improvement, in order to convey the customer’s voice to the company’s quality development headquarters more directly, quickly and accurately, we should strengthen the technical strength investigation system, send technicians to the local technical analysis and customer quality technical engineering department, and strengthen the technical ability of the after-sales service department of the dealership, which should be continuously improved in combination with local conditions. In addition, in the recall decision-making process, in the future, we should reflect the voices of consumers in various regions more, and let relevant people who know more about the local market participate in the decision-making, so as to make better, faster and more accurate decisions.


　　Third,Talent cultivation. With regard to quality management, Toyota Motor Corporation has a "customer first" training center, and the same training function will be set up in all centers around the world, including China, in order to train talents who can really carry out quality assurance activities from the customer’s perspective.


　　Solutions to sudden acceleration models in overseas markets in the future


　　For the vehicles that we are about to put into production in the future, it has been decided that all of them will be equipped with the BOS priority system. For the problems that have occurred in the American market, we also combined with the guidance of the authorities, and combined with some relevant opinions, we also equipped some recalled vehicles with the BOS priority system.


　　Solutions to sudden acceleration models in the domestic market in the future


　　In China, we will also consider adding this kind of brake priority system according to the time sequence of the related production models in the future, and when the models are modified in the future.


　　At the press conference, in addition to the participants, some consumers of Toyota models also came together, and the coming consumers were more excited because these consumers claimed to have used Toyota models after the accident.Nobody cares.",the following is our live shot on the Internet."Car owners seek justice"Video:



More exciting videos are all on the car home video platform.


　　Event background:


　　1. Toyota has recalled more than ten models in North America. (There are three main reasons for the recall in ten models: design defects of foot pads, brake pedal problems and accelerator pedal problems.)


　　2. After the announcement of the recall, it dealt a heavy blow to investors’ confidence. Toyota Motor Co., Ltd. fell 1.2% to 3,450 yen on Monday, and since January 21st, the stock has fallen by about 17%. Toyota Group’s global sales in 2009 was 7.813 million vehicles, down 12.9% year-on-year; The output was 7.234 million vehicles, down 21.7% year-on-year.


　　3. Following the overseas recall, Toyota recalled its models in the domestic market (due to the accelerator pedal problem).


　　4. Akio Toyoda went to the United States to formally accept questions from American lawmakers and apologize for the recall of the American market and accidents caused by hidden dangers of vehicles.


　　5. The fourth point may also be one of the important reasons why Akio Toyoda came to China to apologize quickly: issuing a risk warning notice about the defects of some models of Toyota Motor Corporation.


　　6. Since 2009, Toyota has recalled many models in China, among which the recall of Toyota has aroused widespread concern among consumers.




　　Three reasons for overseas recall:


　　The first is about foot pads.The areas involved are limited to the United States and Canada, and China is not included in the target range. Because the consumption habits in the United States are different from those in China, the floor mats used are all-weather rubber products with considerable thickness. If they are used under irregular conditions, the accelerator pedal will get stuck. Toyota has carried out independent replacement and maintenance. As there are no mats of the same design used in China, consumers are requested to continue to take advantage of Toyota and Lexus brand products on the premise of correctly using Toyota boutique mats.


　　The second is about the accelerator pedal. In some cases, it may happen that the accelerator pedal is reset slowly or can’t completely return to the waiting state, so we implemented the recall. The market involved in the accelerator pedal incident in China is our joint venture RAV4 vehicle, which is about 15,000 vehicles. We reported this part to the relevant departments and recalled it.


　　The third braking system. Due to the improper braking procedure of Toyota’s (anti-braking system), if ABS works, the braking effect will be lower when ABS starts than before, so the recall was implemented. China and hybrid vehicles do not use the same braking procedure, which is not included in this list.




　　Related articles:


　　Explanation of RAV4 recall: interpretation of Toyota accelerator pedal incident
　　//www.autohome.com.cn/news/201001/93083.html


　　Toyota will recall 277,000 Prius.
　　//www.autohome.com.cn/news/201002/94181.html


　　AQSIQ issues risk warning for some Toyota models.　
　　//www.autohome.com.cn/news/201002/97139.html


　　Camry/Waiting for the Recall of 680,000 Toyota Cars
　　//www.autohome.com.cn/news/200908/68458.html


　　Toyota officially recalled 259,119 Camry models.
　　//www.autohome.com.cn/news/200904/59653.html


　　Although Akio Toyoda’s coming to China is contrary to his reluctance to attend a hearing in the US Congress, his coming to China this time is not due to pressure from any side, but his initiative. However, judging from the above events, Akio Toyoda actually had to come to the China market to apologize, but such an apology was too simple for domestic consumers, and many people in the industry and consumers expressed dissatisfaction.


Home of the car


　　In addition, Toyota’s answer to the domestic media about how to improve the product quality was still the same as that of the trip to North America, and the answer was empty, so we didn’t get a relatively satisfactory answer. (Click to enter: Akio Toyoda answers a reporter’s question) And an apology in less than an hour is really too short for China consumers with diverse problems.


　　However, although Akio Toyoda left us in a hurry, at least we got the recognition of product defects from Akio Toyoda and a more appropriate explanation for the global mass recall. At the same time, we also hope that Toyota can rectify as soon as possible, improve product quality quickly, and discover defective models and safety hazards in time, so as to truly guarantee the rights and interests of consumers. (Text/car home He Kuan)


　　Akio Toyoda introduced:


　　On June 23, 2009, Toyota Motor Corporation held a board meeting at the company headquarters in Toyota City, Aichi Prefecture, Japan, and officially approved Akio Toyoda to be promoted to the new president of the company. Akio Toyoda, 52, is the grandson of the late founder of Toyota, Ichiro Toyoda.


　　Toyota Motor, starting from the loom factory of Toyota Gizzo, not only created a legend of an automobile company, but also concentrated the process of Japanese industrial history in 80 years. However, today, this legend is undergoing an unprecedented test.


　　In 2009, the car company faced a loss for the first time, which made the fourth generation of the family, Akio Toyoda, surface, and the Japanese media described the handover as "great government return". For Akio Toyoda, 52, nothing is more challenging than taking over at this moment. Now Toyota’s "recall door" has once again put Toyota Motor Corporation in trouble, and Akio Toyoda’s performance deserves everyone’s attention.

On the 11th, institutions forced the purchase of 6 shares, which were extremely undervalued

　　Great Wall Motors

　　July Production and Sales Express Comments: Production and sales continue to recover, globalization accelerates

　　Event overview: On August 8, 2022, () released the July production and sales express: July automobile production 102,200 vehicles, + 15.02% year-on-year; automobile sales 101,900 vehicles, + 11.32% year-on-year.

　　The order of production and sales has been restored smoothly, and the sales performance in the second half of the year is expected to continue to improve. Great Wall’s automobile sales in July 101,900 units, + 11.32% year-on-year/month-on-month + 0.73%, positive year-on-year growth for two consecutive months, and positive month-on-month in July, the company’s production and sales continued to recover. In terms of sub-brands, Haval/Tank/Euler/WEY/pickup truck sales were 6.13/1 25/0.88/0.30/1 6,300 units, respectively, + 7.14%/+ 128.03%/+ 21.76%/-24.26%/-7.53% year-on-year, of which tanks performed well in the same month-on-month, mainly driven by tank 300 and 500 series sales. In the first half of the year, the supply chain restricted the release of production and sales. With the recovery of the supply chain after the epidemic and the gradual supply of ESP With the second half of the year, policies such as the introduction of automobiles to the countryside and the reduction of purchase taxes will stimulate consumer demand; supply and demand will quickly resume the cycle of stacking new products, and the company’s sales are expected to continue to improve.

　　Brand differentiation strategy highlights the effect, product structure optimization to promote the brand upward. sub-brand point of view. 1) Haval: Haval H6 sales 27,600 vehicles, + 7.35% year-on-year; new Haval big dog hunting version sales 10,000 vehicles, + 19.36% year-on-year; Kugou will be listed in August, priced 12.58-14 9,800 yuan, intelligent configuration leading, positioning young client base is expected to bring new volume. 2) Wey: Latte DHT has been listed in ****, further improving the WEY brand product structure, the follow-up dream and other series of new cars are expected to gradually drive brand sales; 3) Euler: Ballet Cat officially listed in July, the second half of the Lightning Cat/Punk Cat will also be listed one after another; 4) ****: **** 300 has been listed so far, the cumulative delivery volume has exceeded 130,000, and the high-end product **** 500 has sold 2,518 monthly. Orders are currently abundant, and the high-end model **** 700/800 is expected to drive the brand volume and price. By optimizing the product matrix, the company’s sales volume of models above 200,000 yuan in July increased to 21% month-on-month. The strong product cycle continues in the second half of the year, and Haval Kugou, Latte DHT, Dream, Lightning Cat, Punk Cat and other models are expected to be launched in the second half of the year. With the intensive launch of blockbuster new cars of various brands, the company is expected to usher in a new situation of rising volume and price.

　　The intelligent transformation is advancing steadily, and the globalization strategy is accelerating. Through the establishment of the Coffee Smart Ecological Alliance, the company has fully integrated the core resources of the upstream, midstream and downstream industrial chain. It has full-stack self-research capabilities in core technologies in the field of full-dimensional intelligence such as intelligent driving, intelligent cockpit, and intelligent services. It is able to provide users with leading intelligent products and digital services, and accelerate the company’s transformation into a global intelligent enterprise. In July, the sales volume of intelligent models accounted for 88.32%, and it is expected to further increase in the future. At present, the company’s overseas cumulative sales have exceeded one million, and it has been exported to more than 170 countries and regions around the world, with nearly 700 overseas sales channels. In July, Great Wall Motor announced that its Brazilian factory produces intelligent new energy models and Great Wall Motor Malaysia Sales Co., Ltd. was officially established. In August, Great Wall Motor signed a contract with EmilFrey to jointly market Wei brand Mocha PHEV and Euler Good Cat. The new car will be officially delivered in the fourth quarter of this year. The company accelerated its expansion into the European market and accelerated the implementation of its globalization strategy.

　　Investment advice: It is expected that the company’s net profit returned to the parent in 2022-2024 will be 95.49/156/18.878 billion yuan respectively, corresponding to 31/19/16 times the current share price PE. It is expected that the company will fully benefit from the industrial policy, optimistic about the company’s electric intelligent development and multi-brand Strategy and Development, and maintain the "recommended" rating.

　　Risk warning: raw material prices fluctuate, chip supply is less than expected, and epidemic control is less than expected.

　　Changan Automobile

　　Independent sales continue to improve, and the dark blue SL03 and Avita 11 are expected to promote the growth of new energy vehicle brands

　　The overall sales volume of Changan Automobile increased steadily. The overall sales volume of Changan Automobile in July was 200,900, an increase of 12.9% year-on-year; the overall sales volume from January to July was 1.3267 million, a decrease of 3.8% year-on-year. Under the superposition of the continuous improvement of the domestic supply chain and the stimulus policy of car purchase, the overall sales volume of Changan in July achieved steady growth.

　　Changan independent sales continue to improve, deep blue SL03 and Avita 11 is expected to drive the independent new energy brand upward. Changan independent brand sales in July 128,300, an increase of 35.6%, an increase of 8.5% month-on-month; 1-July cumulative sales of 757,500 vehicles, a slight increase of 0.4% year-on-year, Changan independent brand sales in July with the same month to maintain growth trend. Changan independent brand new energy sales in July 23,400 vehicles, an increase of 84.2%; 1-July cumulative sales of 108,400 vehicles, an increase of 116.3%. In July, Changan Lumin sales 7,400 vehicles, Benben E-star sales 10,100 vehicles, CS75 sales 21,400 vehicles, Yidong sales 17,800 vehicles, UNI-V sales 15,600 vehicles. The first model SL03 of Changan new pure electric brand dark blue was officially launched on July 25, 515 pure electric version/705 pure electric version/1200 extended range version/730 hydrogen electric version priced at 18.39/21 59/16.89/699,900 yuan, dark blue SL03 cockpit system is equipped with "Changan Smart Core" vehicle domain controller and cockpit domain controller based on Qualcomm 8155 chip, standard 14.6-inch intelligent rotating sunflower screen, 10.2-inch full LCD instrument, 1.9m2 star panoramic canopy system and other high-end hardware, support gesture recognition, 3D holographic face login, Bluetooth/NFC digital key and other humanized functions; deep blue SL03 intelligent driving system comes standard with 6 ultrasonic radars, 3 millimeter wave radars and 6 cameras, which can realize active emergency braking, lane departure warning, lane departure warning L2-level auxiliary driving functions such as hold and reverse lateral warning, and a high-level smart driving system equipped with 28 sensors is available. The cockpit and smart driving configuration are more outstanding among models at the same price. In addition, the Avita 11 jointly built by Changan, Huawei and () was officially launched on August 8, priced 34.99-40 9,900 yuan, with a cruising range of 555km/680km, the fastest 100-kilometer acceleration of 3.98s, and good power and battery life. Avita 11 will be fully equipped with Huawei HI full-stack smart car solutions and advanced battery technology in Ningde Times. It is expected that Avita 11 and dark blue SL03 will have strong product competitiveness, which is expected to drive Changan’s independent new energy brand to continue to rise.

　　Changfu and Changma sales are slightly under pressure in the short term. Changan Ford sold 23,600 vehicles in July, down 9.4% year-on-year; the cumulative sales volume from January to July was 147,000 vehicles, down 7.3% year-on-year. Changan Mazda sold 8,000 vehicles in July, down 20.0% year-on-year; the cumulative sales volume from January to July was 71,700 vehicles, an increase of 1.9% year-on-year. In terms of new cars, the new Mondeo and new Focus models have been listed recently, and the new Explorer will also be launched in August. It is expected that the launch of new cars will help the sales of joint venture brands to gradually improve.

　　Forecast 2022-2024 net profit to the parent 85.54, 94.08, 11.431 billion yuan, comparable to the company’s 22-year average PE26 times, give the company 22 years PE26 times valuation, target price 22.36 yuan, maintain buy rating.

　　Risk warning

　　Changan Ford sales are lower than expected, Changan Mazda sales are lower than expected, and Changan independent brand sales are lower than expected.

　　Kweichow Moutai

　　2022 Semi-Annual Report Comments: Q2 Potential Energy Remains, Reform Dividends Continue to Release

　　Event: () released the 2022 semi-annual report, 22H1 operating income 59.444 billion yuan, an increase of 17.20%, net profit to the parent 29.794 billion yuan, an increase of 20.85%. Q2 single quarter total revenue 26.256 billion yuan, an increase of 15.89%, net profit to the parent 12.549 billion yuan, an increase of 17.29%.

　　Q2 series of wine growth is higher, the proportion of direct sales has increased significantly, and the contribution of e-commerce platforms has increased. Although the epidemic has been repeated in the second quarter, Moutai’s demand toughness is more prominent, and mobile sales have not been greatly affected. Q2 single-quarter revenue achieved a year-on-year growth rate of nearly 16%, in line with previous market expectations. 1) By product, 22Q2 Moutai/series wine revenue 211.05/41 70 million yuan, an increase of 14.97%/22.02% year-on-year. Moutai’s performance is solid, and the growth rate of series wine is relatively prominent. It is estimated that Moutai 1935 contributed a higher increase. 2) By channel, 22Q2 direct sales/wholesale channel revenue 100.62/152 13 million yuan, an increase of 112.87%/a decrease of 10.76%, sales channels continue to optimize, direct sales channel revenue significantly improved, accounting for 39.81% of the main business income, year-on-year/month increase 18.1/6 pct, the end of March e-commerce platform "i Moutai" on-line trial operation, Q2 contribution is higher, to achieve alcohol tax-free income 4.416 billion yuan, of which Moutai 1935, Xiaomao 100ML in the e-commerce platform performance is better, the traditional wholesale channel revenue continued to decline after Q1. 3) As of the end of Q2, the company’s total number of dealers 2188, compared with the end of Q1 decreased by 2.

　　Profitability has increased steadily, and cash flow has been disturbed in stages. 1) 22Q2 gross profit margin is 91.78%, a slight increase of 0.77pct year-on-year. The estimated average price has increased under the optimization of channel structure. In addition, the proportion of series wine has increased, or there is a certain impact on the gross profit margin. 2) 22Q2 sales expense rate is 3.72%, a slight increase of 0.53pct year-on-year, management and R & D expense rate is 5.86%, a decrease of 1.72pct year-on-year. Taxes and add-ons account for 16.66% of total revenue, an increase of 2.86pct year-on-year, and a comprehensive net profit rate of 47.79% to the mother, an increase of 0.57pct. 3) 22Q2 sales cash return is 29.669 billion yuan, an increase of 6.08% year-on-year. Combined with Q1 cash return, an increase of 41.20% year-on-year, the estimated rhythm has been adjusted. Net cash flow from operating activities in Q2 was 6.865 billion yuan, a decrease of 70.42% year-on-year. Net cash flow from operating activities in the first half of the year was negative, mainly due to the decrease in the net increase in customer deposits and inter-bank deposits of holding subsidiary finance company and the increase in the net increase in deposits with the central bank and inter-bank deposits. Contract liabilities as of the end of Q2 were 9.669 billion yuan, an increase of 1.347 billion yuan from the end of Q1.

　　Profit forecast, valuation and rating: Under the Q2 epidemic, the company’s operating resilience and performance certainty are strong. At present, most regions have completed the July payment and arrived one after another. It is estimated that the payment progress is 60% +. The batch price of Feitian Moutai bulk bottles is 2750-2800 yuan/bottle, and the batch price of whole boxes is about 3,100 yuan, which is relatively stable. The company will continue to reform its marketing. The follow-up "i Moutai" is conducive to enriching direct sales channels and strengthening () coordination. In addition, since the end of last year, it has launched rare Moutai, Year of the Tiger Zodiac Wine, Moutai 1935, 100ML Feitian Moutai, etc., to optimize the product structure. Continuous reform releases dividends, 22-year growth is expected to accelerate, maintaining the 2022-24 EPS forecast of 49.21/57 29/65.84 yuan, and the current stock price corresponds to 39/33/29 times P/E, maintaining the "buy" rating.

　　Risk warning: high-end Baijiu demand is weak, channel reform is less than expected, and domestic epidemics are repeated.

How big is it？ 408 tells you the answer!

How big is big enough? Let the Dongfeng Peugeot 408 tell you the answer! The central control LCD screen should be 11.6 inches, the wheelbase of the whole vehicle should reach 2730mm, and the most important thing is to have super discounts! Such a 408 is waiting for you to tease.

Big screen, big satisfaction, connected car life

No travel that goes away? It doesn’t matter, Dongfeng Peugeot 408 will give you a big screen that can be changed if you want! From now on, if you buy Dongfeng Peugeot 408 Deluxe Edition, you can replace the 11.6-inch original boutique central control big screen for free, creating a connected life in the car that is exclusive to each owner!

This original boutique large screen is not only ahead of the same level of models in size, but also brings a futuristic experience to the driver and passenger in terms of practical operation – responsive, multi-area split-screen interaction, more support for lossless music and high-resolution video, but also able to break memory and continue broadcasting. This means that while the driver turns on navigation and other functions, the co-pilot can also play high-resolution video on the same screen, watch a MV of a star idol on the road, chase a TV series that can’t be stopped, and enjoy a non-boring "fun" journey.

The super large screen not only comes with a number of entertainment functions, but also supports the MiuDrive dual-platform smartphone interconnection system. The in-vehicle system is synchronized with the mobile phone screen to build a two-way channel between man-machine and car-machine, and truly bring the interconnection into life. Drivers will not feel tired when making calls, sending and receiving messages, using navigation, and listening to music during driving. Steering wheel button control, handwriting input, and automatic speech recognition system receive instructions in many aspects to solve the above needs in all aspects and help safe driving!

Big beauty, big space, elegant car journey

The Dongfeng Peugeot 408 from France is a gentleman in a sedan, and the French with a long design history gave the 408 a beautiful appearance. From the family-style front grille, coupled with halogen headlights, the 408 gives a simple and clear visual experience. The height of 1488mm and the 17-inch ten-spoke two-tone wheels make the whole car visually textured.

In addition to the beautiful exterior design, the Dongfeng Peugeot 408 also has a lot of space! The 2730mm long wheelbase and 4750mm × 1820mm × 1488mm body size create a very comfortable space for Dongfeng Peugeot 408 owners. The rear space is especially wide, even with long legs, it can be stretched freely!

In terms of power, the Dongfeng Peugeot 408 uses a big star engine! They are the 350THP and 230THP that have won many international awards, and they are also equipped with a 1.8L CVVT gold mainstream engine, of which the 350THP turbocharged direct injection engine can output a maximum power of 123kW, and the peak torque reaches 245N · m/1400-4000rpm. At the same time, the super T power is combined with the "STT intelligent start-stop technology", which not only starts fast, but also achieves a 15% fuel saving effect while the driver maintains his own driving habits. The fuel consumption can reach a minimum of 4.9 liters per 100 kilometers. It saves the cost of using the car and creates a real low-cost travel for users!

Great value and great discounts, realize the dream of owning a car

In addition to free large screen replacement, Dongfeng Peugeot 408 also provides consumers with a number of preferential policies and multiple car purchase financial solutions. From April 10 to May 31, 2018, anyone who buys any model of Dongfeng Peugeot 408 can enjoy a full purchase tax subsidy, a replacement subsidy of up to 4,000 yuan, and if you buy a car in installments, there is a supreme discount of 36 periods of 0 interest rate. At the same time, the purchase of any model of Dongfeng Peugeot 408 during the event will also receive 6,000 insurance subsidies.

Big screen, big space, big power… Want to have such a "Damei" 408? Consult your local authorized dealer or call 400-8877-108 now to join the "big screen" family, "big surprise" is waiting for you!

Lin Qingxia, a psychiatrist who seeks medical treatment for a short temper： I live a very happy life

　　　　　





　　　　Data map: Lin Qingxia, who is still in the wind, attended the charity premiere of the martial arts film "Seven Swords" in Hong Kong on the evening of July 22. Posted by China News Agency, photographed by Deng Qingle


　　　　China News Service, August 23. Recently, there was news that Lin Qingxia was short-tempered and depressed, and fell out with friends. She was told to go to a psychiatrist and find jewelry designer Weng Diesen. Weng Diesen said that Lin Qingxia admired his designs very much, so he asked him to design jewelry. Qingxia was its big customer, and the two were just talking about business at that time.


　　　　"She was very polite and didn’t lose her temper with me. I first saw her with her two daughters. I didn’t know how happy she was, and I didn’t feel anything was wrong at all," the Hong Kong Sun reported.


　　　　As for Qingxia’s other old friend Kang Yu Judi, she was also stunned by the report, thinking that the media should not make false reports, so she immediately closed the line. After two minutes, she replied to the reporter: "I called Qingxia earlier, I don’t know how happy she is, she is completely fine, she asked you to help her clarify."


Editor in charge: Zhang Pengfei

Trillions of Aerospace run out of a super unicorn

Original, Liu Bo, investment community

This is an epic journey to the sea of stars.

Author I Liu Bo

Report I Investment Community PEdaily

The future has arrived.

In December, the Central Economic Work Conference emphasized that next year will focus on promoting high-quality development and leading the construction of a modern industrial system with scientific and technological innovation. The conference pointed out that it is necessary to build a number of strategic emerging industries such as bio-manufacturing, commercial aerospace, and low-altitude economy, and open up new tracks for future industries such as quantum and life sciences.

As a strategic emerging industry, commercial aerospace is becoming increasingly important.

With MIIT’s disclosure, China will accelerate the development and innovation of 6G technology, and achieve commercial use around 2030. This also means that another new node of mobile communication is coming soon. In other words, 6G network will form a fully connected world of ground wireless and satellite communication integration. It is not difficult to find that satellites will play a key role in it, which also gives a number of commercial aerospace companies the opportunity to show their strength. Space-time Daoyu is the leader among them.

What is the origin of Spacetime Daoyu? Established in 2018, Spacetime Daoyu is a technology innovation enterprise under Geely Holding Group. After five years of completing the layout of the whole industrial chain covering satellite research and development, manufacturing, measurement and control, application, etc., Spacetime Daoyu has now become the first commercial aerospace enterprise in China to achieve a commercial closed loop, with a valuation of over 10 billion yuan, ranking among the top echelons of commercial aerospace unicorns.

There has always been a view in the VC/PE circle that the unknown space is the last new continent for mankind. In the words of investors, the Chinese who missed the "era of great navigation" must not miss the upcoming "era of great aerospace". This is a truly epic journey to the sea of stars.

After 10 years of preparation, commercial spaceflight has exploded

Charge out a super unicorn

Looking back at 2014, China’s commercial aerospace industry ushered in an important juncture –

The "Guiding Opinions on Innovating Investment and Financing Mechanisms in Key Areas to Encourage Social Investment" was issued, which clearly stated that "private capital should be encouraged to develop, launch and operate commercial remote sensing satellites, provide market-oriented and professional services; guide private capital to participate in the construction of satellite navigation ground application systems." Since then, China’s commercial aerospace has begun.

Then in 2018, Spacetime Daoyu was established. At that time, Spacetime Daoyu founder and CEO Wang Yang had anticipated that commercial aerospace would become a strategic emerging industry in the information age and an important driving force for the development of global technology and digital economy.

How is the quality of the Space-Time Daoyu team? According to reports, since 2000, there have been no more than 100 important satellite models in China, of which engineers from Space-Time Daoyu have participated in the completion of at least 50 satellites, and each person has complete experience in more than 5 national key satellite models.

But Wang Yang knows that a more important prerequisite than having a strong technical team is to choose the right direction and track. Looking at the commercial satellite industry chain, high thresholds, many links, and strong complexity are significant characteristics. Therefore, start-up companies focus on a certain sub-field, and few have the layout of the whole industry chain, until the emergence of space and time.

Space-Time Daoyu is positioned as a provider of aerospace information and communication infrastructure and application solutions, covering the entire industrial chain from satellite R & D, manufacturing to application. "To use a popular analogy, Huawei provides ground-based information and communication products (ICT), while Space-Time Daoyu provides space-based information and communication products (AICT), both of which are dedicated to technological innovation and commercial applications in the field of human information and communication."

The rapidly rising space-time universe has been recognized by the capital markets in just five years, and it is reported that the latest valuation has exceeded 10 billion yuan. There is no doubt that a commercial aerospace super unicorn is rushing all the way.

Look at the product early, look at the mass production in the long run

At present, satellite commercialization is entering the era of mass delivery.

Let’s take a look at a set of intuitive data – the Blue Book of China’s Aerospace Science and Technology Activities (2022) revealed that in 2022, China completed 64 launch missions and developed and launched 188 spacecraft. At present, there is still a big gap between the number of 2,067 spacecraft launched by the United States in the whole year.

At the same time, industry data show that 100,000 satellites are expected to be deployed in low-Earth orbit in the future, and China has 30,000-40,000 satellites. Under the influence of factors such as the timeliness limit of ITU frequency declaration, the continuous increase of domestic policy support, and the continuous decline in rocket launch costs and satellite manufacturing costs, the manufacturing and launch of low-orbit satellites in our country is expected to enter an "exponential" growth period in the next five years. However, there is still a gap of 90% in the annual production capacity of domestic micro-satellites. Obviously, satellite manufacturing has become a key link in the development of China’s satellite industry chain.

With the inclusion of satellite Internet in the "new infrastructure", satellite manufacturing has been forced to enter the "industrialization" stage. The traditional production model is difficult to meet the huge demand for capacity for rapid networking, and short-cycle, low-cost, and mass production have become the prerequisites for the industry to accelerate.

Spacetime Daoyu Satellite Super Factory Production Line

"Look at the product in the early stage, look at the mass production in the long run", this is a profound lesson left by the development path of new energy vehicles to the market. The reason is not difficult to understand: in the early days of a segment, the product concept and product positioning determine whether it can be successfully launched into the market, and when the product competition gradually intensifies, the mass production speed and mass production capacity determine whether it can solidly occupy the market.

In today’s era of intelligent travel with integrated heaven and earth, commercial satellites are no exception. The last word for success lies in mass production capabilities. However, it should be noted that commercial satellites still face multiple challenges in large-scale manufacturing, including complex technology, high cost, vertical integration of supply chains, and extremely high quality and reliability requirements.

Among them, the cost has become the first question in front of commercial aerospace companies. According to Morgan Stanley estimates, the manufacturing cost of Starlink satellites is 1 million US dollars/piece, and founder Musk has publicly disclosed that the cost of a single satellite can be reduced to 500,000 US dollars. In contrast, according to the Zhejiang Securities Research Report, the average cost of our country’s low-orbit communications satellites is about 30 million yuan, of which labor costs + manufacturing costs account for about 50%.

The "2022 China Commercial Aerospace Industry Investment Report" shows that since 2015, the number of domestic commercial aerospace enterprises that have been registered and effectively operated has reached 433. Obviously, if you want to break through, you have to master the word "cost", and low-cost satellite manufacturing is the top priority.

The key to low-cost and fast mass production lies in: first, modular design, improve versatility and reuse rate, and shorten the delivery cycle of satellites; second, industrial-grade component replacement and core component self-development can reduce satellite manufacturing costs and simplify the development process; third, flexible pulsation production, taking the production of automobiles as an example, flexible production lines can produce both small-size economy cars and large-size luxury cars. The same is true for flexible production satellites, which can enhance the batch production capacity of satellites.

At present, Spacetime Daoyu may be the industry’s breaker. Compared with OneWeb, which is located in the first echelon of the global commercial aerospace industry, it is learning from the Airbus Group’s aircraft production line and assembling production in an assembly line to reduce costs and increase efficiency. Relying on Geely, Spacetime Daoyu was born with automobile manufacturing genes and took the lead in building a satellite super factory. It is the world’s first satellite mass production factory that deeply integrates aerospace manufacturing and automobile manufacturing. Through satellite mass production and intelligent manufacturing, it can help the global constellation network quickly.

It is understood that the Spacetime Daoyu Satellite Super Factory draws on the large-scale mass production manufacturing models such as intelligence and automation in the automotive industry to realize the disruptive innovation of satellite mass production AIT. Through modular design, flexible production, intelligent manufacturing and other technologies, and the use of parallel production in assembly lines, the design and production cycle of satellites can be greatly reduced, while the manufacturing cost of satellites can be greatly reduced.

As a fruitful integration of engineering capabilities in the aerospace and automotive industries, the effect is equally obvious. At present, the factory has broken through the production capacity limit of traditional satellite manufacturing, and can achieve a satellite production cost reduction of about 45% per day, which helps the constellation rapid networking construction. At the same time, by adopting a flexible production method, the factory can flexibly meet the final assembly, integration and testing of satellites of different models and specifications such as communication, navigation, and remote sensing satellites, and meet the needs of different types of constellation rapid networking construction.

With its strong mass production and delivery capabilities, Spacetime Daoyu also successfully fired the first shot of "heaven". In April 2022, Spacetime Daoyu completed the development of the first orbital surface satellite of the low-orbit future travel constellation. And in June of that year, it was successfully launched into orbit with a single arrow of 9 stars at the Xichang Satellite Launch Center, becoming another milestone in the history of China’s commercial satellites.

It is reported that in addition to manufacturing satellites for the future travel constellation of Spacetime Daoyu, its satellite super factory is also providing satellite batch production and one-stop in-orbit delivery services for industry partners, helping to rapidly build China’s satellite constellation and accelerate the rapid development of the satellite industry chain.

Without a doubt, facing the challenge of global satellite large-scale manufacturing, Space-Time Daoyu has already broken the industry boundaries by fully borrowing from the mature mass manufacturing concept of automobiles, thus achieving cost reduction and efficiency increase, and promoting China’s satellite manufacturing into the era of industrialized large-scale production.

Here comes another trillion-dollar race track

As the upstream of the commercial aerospace industry chain, satellite manufacturing will benefit first, and the next stop will definitely return to the "commercial" essence.

According to iiMedia consulting data, since 2015, China’s commercial aerospace market has grown rapidly, with an annual growth rate of more than 20% from 2017 to 2024. At the same time, according to Tabor Think Tank, the size of China’s commercial aerospace market will reach 2.80 trillion yuan by 2025. How can start-up companies get a share of the pie?

As we all know, commercial aerospace is a hard technology. In order to survive and develop, it is necessary to break the tradition and achieve disruptive innovation. And innovation is not only technology, but also business models and mechanisms. Therefore, in addition to building business systems based on satellite constellations, there is a need for practical commercial scenarios, which must be enough to cover the huge constellation construction costs.

More generally, for commercial aerospace, if technology is the foundation, then the construction of the industrial chain and the construction of the business ecosystem are the driving force for the development of the industry. Only when technology and business "walk on two legs" can enterprises go further.

Wang Yang has previously mentioned that the market-oriented mechanism has put forward higher requirements for private commercial aerospace, not only to achieve technological innovation, but also to make aerospace technology serve human production and life, and promote the economic development of human society. "Policies, market demand and other favorable factors are promoting our country’s commercial aerospace from manufacturing-driven to an era of comprehensive application traction."

Looking back at the history of commercial aerospace development, there are many losers. For example, Motorola’s Iridium plan, which lacks a correct judgment of the development potential of mobile communications, has suffered bankruptcy. In addition to Iridium, OneWeb also filed for bankruptcy in 2020 due to the impact of the epidemic on the normal operation of the company, unable to obtain financing. The reason is that due to the lack of large-scale commercial application scenarios, it is difficult to support its huge constellation construction and operating costs.

Because of this, what the Spacetime Daoyu team is doing is a commercial practice, not a scientific engineering experiment. What they want to do is to make the application of aerospace technology more simple and friendly, adapt to user requests, and make products more affordable. To be more straightforward, it is affordable for everyone. To this end, Spacetime Daoyu has made great efforts in satellite applications and has become the first commercial aerospace enterprise in China to achieve commercial closed-loop.

Among the many application scenarios, mobile phone satellite communication is detonating the industry trend. In recent years, Huawei and Apple have launched mobile phones with satellite communication functions. The reason why these consumer products can directly connect to satellites is to conform to the upcoming 6G era. 6G will have a new application scenario of "ubiquitous connection", and satellites will enable mobile communication to truly realize all-terrain and all-space three-dimensional coverage connection. CCTV previously reported that according to incomplete statistics, as of September 2023, the size of our country’s satellite communication market is around 80 billion yuan.

Space-time Dao Yu has also been forward-looking layout.

With its excellent satellite mass manufacturing capabilities, Space-Time Daoyu will have the ability to form network constellations faster than other commercial aerospace companies. They are building the world’s first low-orbit future travel constellation to serve the future travel ecosystem by deploying the whole orbit, and it is the world’s first commercial communication, navigation and remote sensing integrated constellation. The first orbit has been deployed, and nine satellites have been in orbit for more than one year. It plans to launch 02 sets of satellites in the constellation in early 2024 to complete the deployment of the second orbital plane. In 2025, the launch and deployment of 72 satellites in the first phase of the constellation will be completed, providing satellite application services for global users.

In addition, the "Space-Time Daoyu – Peking University Advanced Communication Joint Laboratory" was jointly established with Peking University, and the two sides are committed to conquering the core technology in the future communication field – while the same-frequency full-duplex communication technology. The satellite network is an important part of the future 6G. The two sides will jointly develop full-duplex communication low-orbit satellites, promote the on-orbit verification of this technology, synchronously promote the formulation of industry standards, and accelerate the implementation of industrial applications.

Of course, in the era of intelligent travel with the integration of heaven and earth, the car is the scene that cannot be ignored the most. Space-time Daoyu also gave a bright transcript – it is the first domestic aerospace product to achieve the standard R & D and mass production of vehicles, and the first commercial aerospace company to realize the large-scale application of vehicle satellite communication and high-precision positioning at the same time.

Specifically, Space-Time Daoyu innovatively introduced satellite communication services into new energy mass-produced vehicles, and launched the world’s first mass-produced satellite communication passenger car in conjunction with Polar Krypton to provide two-way satellite messaging and satellite call services. Its satellite-based high-precision positioning service (PPP-RTK) also achieved the world’s first large-scale on-board. During the Hangzhou Asian Games, Space-Time Daoyu provided high-precision positioning, satellite communication, and remote sensing technical support. By equipping nearly 2,000 officially designated vehicles for the Asian Games with Space-Time Daoyu high-precision positioning products and services, it realized accurate vehicle management and scheduling, and the cumulative guarantee mileage exceeded 2.02 million kilometers.

For the space-time universe that aspires to space, the pace of exploration cannot be stopped. Looking to the future, commercial aerospace is a global industry, so domestic commercial aerospace enterprises must take the initiative to go out and improve their international competitiveness. Only in this way can we promote the globalization of China’s commercial aerospace industry.

In fact, many commercial space companies and even countries around the world do not have the ability to independently build satellite constellations and carry out satellite internet services. Therefore, if Chinese commercial space companies can actively expand overseas business by building their own constellations, they will inevitably achieve new business growth.

It will not only provide satellite application data services for SCO countries and countries along the "Belt and Road Initiative", but also cooperate with Malaysian telecom operator Altel to promote high-tech research and development and system application, accelerate the implementation of solutions in smart ports, smart agriculture and other fields, and promote the globalization of satellite applications.

From building its own constellation and ground systems, to mass manufacturing of satellites, large-scale application of satellites, and rapid expansion of overseas markets. The purpose of Space-Time Daoyu is to close the loop of commercial applications in the aerospace industry, from completing the layout of the entire industrial chain to having continuous self-hematopoietic capabilities.

Today, Spacetime Daoyu has formed a R & D system with Shanghai Research Institute as the core and R & D centers in Nanjing, Xi’an and Wuhan as the support; has two business operation headquarters in Guangzhou and Qingdao; established business centers in Beijing and New York; established a satellite super factory in Taizhou, Zhejiang as a satellite manufacturing base; and laid out a global constellation measurement and operation control network. At the same time, we have implemented the global "Belt and Road Initiative" strategy and continued to promote the business implementation of "Belt and Road Initiative" countries and regions such as the Middle East and South East Asia.

Write at the end

Konstantin Tsiolkovsky, the Soviet rocket pioneer, once said: "The earth is the cradle of mankind, but mankind cannot be bound to the cradle forever, but will constantly explore new celestial bodies and spaces, and will begin to carefully penetrate the atmosphere and then conquer the solar system."

Looking back at history, in 1957, the world’s first man-made earth satellite was successfully launched, marking the official start of the human space age; and then in 1970, our country’s first satellite "Dongfanghong No. 1" was launched, playing music in space, and creating countless people’s indelible memories; today, a group of new space blood, like space and time, are still embarking on an unknown journey in the vast universe.

As Wang Yang, CEO of Spacetime Daoyu, said, "Aerospace is the most romantic industry, and it carries the dream of human beings to explore the universe."

The original title: "Trillion Aerospace Runs Out of a Super Unicorn"

Read the original text

Wuxi Zhijia Operation Service Center officially put into use.

    On October 20th, 2023 Wuxi Intelligent Networked Automobile Ecology Conference, the frontier dialogue session of the 2023 World Internet of Things Expo, was held in Wuxi Economic Development Zone. At the meeting, Wuxi Zhijia Operation Service Center and Intelligent Networked Automobile and Vehicle Networking Joint Laboratory were officially put into use. Many experts in the field of intelligent sensors and representatives of upstream and downstream ecological enterprises in the industrial chain discussed new technologies, new applications and industrial development ideas around the development trend of intelligent networked automobile and automobile semiconductor industry, innovation and application of key technologies of sensors, chip technology breakthroughs and other related topics.

    In recent years, Wuxi has deeply implemented the leading strategy of strengthening the city by industry and the core strategy of innovation-driven, taking the Internet of Vehicles and intelligent networked vehicles as the main direction in the field of Internet of Things, built the first national-level vehicle networking pilot area in China, and won the first batch of pilot cities for the coordinated development of smart city infrastructure and intelligent networked vehicles in China.

    Wuxi Economic Development Zone, as the core plate of Wuxi intelligent networked automobile application and industrial development, actively seized the "new track" for the development of intelligent networked automobile industry, focused on "333+5" modern industrial clusters such as Internet of Things and artificial intelligence, targeted the intelligent networked automobile and car networking industry, and successively released a number of industrial plans such as intelligent networked automobile, energy storage and new energy, and integrated circuits, and gathered a number of industrial ecological enterprises such as Cheliantianxia, Iflytek and Konoway.

(2023 Wuxi Intelligent Networked Automobile Ecology Conference Site)

　　At the meeting, Ding Rongjun, academician of China Academy of Engineering, chief scientist of CRRC and dean of School of Mechanical and Transportation Engineering of Hunan University, delivered a keynote speech entitled "Coordinated Development of Power Semiconductor and System Technology for Intelligent New Energy Vehicles", sharing new ideas around the demand of new energy vehicles for electric drive systems, technical characteristics and applications of power devices, and technical trends of power semiconductors in the future.

(Wuxi Zhijia Operation Service Center and Intelligent Networked Automobile and Vehicle Networking Joint Laboratory officially put into use)

　　Wuxi Zhijia Operation Service Center and Intelligent Networked Automobile and Vehicle Networking Joint Laboratory were officially put into use at the meeting, injecting new development momentum into Wuxi Intelligent Networked Automobile Eco-industry.

　　It is reported that Wuxi Zhijia Operation Service Center plans to build four centers: Intelligent Networked Business Service Center, Intelligent Networked Supervision and Operation Center, Intelligent Networked Car Parking and Maintenance Center and Intelligent Networked Simulation Test Center, so as to build a full chain service system of intelligent networked industrial chain. The intelligent networked automobile and vehicle networking joint laboratory will focus on building the world’s leading component-level antenna test system, the first domestic test system supporting 5G-V2X, the C-V2X test system with independent intellectual property rights, and the electromagnetic darkroom supporting millimeter waves, aiming at serving intelligent networked automobile and vehicle networking enterprises and promoting industrial development.

　　In the release of intelligent networked automobile new products, the Automobile Sensor Branch of China Automotive Engineering Society released the report framework of sensor series selection, Wuxi Chelian Tianxia Information Technology Co., Ltd. released the remote Xinghan H-X9 intelligent cockpit domain controller, and Wuxi Intelligent Control Research Institute of Hunan University released the mine intelligent driving system.

(Signing Ceremony of Intelligent Networked Automobile Ecological Project in Wuxi Economic Development Zone)

　　During the conference, 12 intelligent networked automobile eco-chain projects, such as leading microelectronic vehicle-level communication chip project, automotive acoustics intelligent electronics project and Moji Zhixing two-wheeled vehicle intelligent project, were officially signed, covering vehicle-level chip, active noise reduction, sensor product testing and other sub-industrial fields.

　　"This conference will share development experience and discuss development plans, which will promote the comprehensive construction of a higher energy level, better quality and more distinctive car networking industry ecology, and lead the accelerated development of the intelligent networked automobile industry. Wuxi will vigorously support cutting-edge teams and key enterprises at home and abroad to settle down and take root in Wuxi with stronger and more comprehensive policy support, more intimate and professional government services, and warmer and more personalized talent services. " Jang Jin, vice mayor of Wuxi, said.

　　The theme of the 2023 Wuxi Intelligent Networked Automotive Ecology Conference is "Networked Intelligence, Sensing the Future". There is an ecological conference and two sub-forums on intelligent electric vehicle sensors, domain controllers and intelligent cockpits, attracting more than 300 representatives from universities and research institutes, intelligent networked automotive eco-enterprises and investment institutions to attend the conference. (Yin Qing)

Liu Xiaolan, Vice President of TCL Huaxing： Panel demand recovery continues to lay out folding screens and car screens.

China Securities Network News (Reporter Wan Yu) Liu Xiaolan, vice president of TCL Huaxing, a subsidiary of TCL Technology, said in an interview with china securities journal recently that on the whole, the panel industry will continue to recover in demand this year, and TCL Huaxing will need to fix production, maintain healthy inventory and optimize the supply chain system to ensure delivery when the market changes. At the same time, TCL Huaxing will continue to lay out and maintain a high growth rate in the fields of fast-growing folding screens and car screens. 　 　

Since the fourth quarter of last year, panel prices have continued to rise, and the panel industry has attracted the attention of investors. According to the research report of Huaxi Securities, the price of TV panels in early March is close to the high price in September last year. Due to the better downstream demand expectation and the early stocking of the whole machine factory, the current supply and demand are still tight. Huaxi Securities expects that the price of TV panels will still rise in the second quarter, and the price of TV panels is expected to break through the high level last year. 　 　

Regarding the trend of the panel industry, Liu Xiaolan thinks that with the moderate economic recovery in China and the downward inflation in Europe and America, the overall purchasing power of consumers is rising, and the sales of TV, notebook computers, monitors and other products will be driven by the superposition of domestic "618" and summer holidays. On the demand side of the panel, she predicts that this year will be more optimistic than last year. On the supply side, panel enterprises have generally changed their business philosophy, from pursuing full production and full sales to fixing production according to demand. As a whole, the inventory of the panel industry is relatively healthy, and the panel price is relatively stable, so there is no more ups and downs. 　

She introduced that TCL Huaxing will pay close attention to the changes in demand and ensure the flexibility of factory production, so that it can timely respond to the adjustment of production brought about by changes in the market. As a head enterprise, TCL Huaxing has built its own moat in the upstream supply chain. The company will also give full play to this advantage, continue to strengthen cooperation with the upstream supply chain, especially the strategic partners of key materials, establish strong links, share information, optimize the supply chain system, and ensure that TCL Huaxing’s factory can respond to uncertain situations in time and ensure the delivery of the whole supply chain. 　 　

TCL Huaxing is also actively deploying in the fast-growing sub-categories such as folding screens and car screens. Liu Xiaolan said that folding screen mobile phones have become a fast-growing segment of mobile phone products in recent years. TCL Huaxing has launched a number of folding screen products, and has industry-leading technologies such as LTPO and PLP. On the one hand, the company will continue to make breakthroughs in folding screen technology in the future, reducing the weight and thickness of the screen, extending the battery life and service life. On the other hand, it will start with materials and design, reduce the cost of folding screens, and make folding screens more widely used in mobile phones, tablets, laptops and other products. 　 　

TCL Huaxing’s shipments of in-vehicle screens also maintained a high growth trend. TCL Huaxing did not enter the in-vehicle field for a long time. Last year, the shipments were about 5 million pieces. Although the shipments were not large, the growth rate was large, which doubled and reached the first place in the industry. "In the past, we only made efforts on high-end car screens. At that time, we didn’t have a production line of amorphous silicon," Liu Xiaolan said. "After the mass production of t9 production line last year, we developed a lot of amorphous silicon car displays, and we will catch up with them at a very fast speed." 　 　

Japanese publisher： Three-body is out of stock, which makes more readers understand China’s novels.

　　As soon as it was listed, it sold out of stock, and "Three-body" was greatly loved by Japanese readers.

　　On July 4th, the Japanese version of "Three-body" went on sale, and some bookstores quickly sold out, ranking first in the list of Japanese Amazon literary works. To this end, the largest science fiction publishing house in Japan, which is responsible for the Japanese version of Three-body — — Hayakawa’s study room had to quickly explain on social media that "we are grasping the third printing, please wait a little".

　　"Earth-shattering science fiction covering all aspects of human history", "Once you start reading, you can’t stop, please translate the sequel quickly" and "unparalleled imagination is really amazing" … … As early as the previous trial reading meeting, Japanese writers and screenwriters, including Hideo Kojima, Hiroki Azuma and Y? Irie, the top game designers in Japan, gave high praise, and the waist cover of the novel was full of recommendations from big coffee in the industry.

　　With the Japanese version of Three-body released, Hayakawa Study also held exhibitions and sales meetings of Chinese science fiction and reasoning works in major bookstores, involving works such as short masterpieces 1-3 and Rebirth by China science fiction writer Liu Yukun, Sacrifice of Spring in the First Year by Lu Qiucha, Beijing Folding-Selected Works of Modern China Science Fiction, and Variations by Diogenes by Chen Haoji.

　　SF magazine, a science fiction magazine owned by Hayakawa Study, will also publish some works of China science fiction writers and articles written by three scholars on Three-body and China science fiction in its August issue with the theme of "Three-body and China science fiction writers".

　　Can the popularity of "Three-body" open the China science fiction craze in the Japanese market? The Paper interviewed Yamaguchi, editor-in-chief of the "Three-body" project team in Hayakawa Study Room, and talked about the development and present situation of Japanese science fiction and his understanding of China’s science fiction.

　　[Dialogue]

　　The PaperHow did you feel when you first read Three-body?

　　Yamaguchi crystalI once read Liu Cixin’s short stories and thought that the author might be a genius. After watching "Three-body", I believe he is a real, real genius! Reminds me of my feelings when I read The End of Childhood by Arthur C. Clarke (Arthur C. Clarke) or Base Series by Isaac Asimov (isaac asimov) when I was young. Three-body is what I want to see.

　　The Paper: What touched you? How do you understand the "naokou" in the novel?

　　Yamaguchi crystalExcellent storytelling ability and the author’s deep understanding of history, science and philosophy, and the perfect combination of the three. The beauty of Three-body is not only technology and knowledge, but also Liu Cixin’s powerful imagination, which constantly surprises readers and always exceeds our expectations. After Three-body won the Hugo Award in 2015, it took us three years to win the copyright of this novel in Japan.

　　"Naoko" is like a metaphor against progress, rationality and peace in the real world. There are always things like Naoko in our society.

　　The PaperHow do you interpret the relationship between "earthlings" and "threesomes"?

　　Yamaguchi crystalI am not in favor of parallelizing or comparing the relationship between "earthman" and "three-person" with the relationship between China (or Asian) culture and western culture. It has a more universal meaning, which can be "new and old", "poor and rich", "small and big", or just "human and aliens". It is precisely because of this universality that "Three-body" is more entertaining and meaningful and has become a global bestseller.

　　The PaperDo you have any expectations for sales?

　　Yamaguchi crystalWe hope to sell 1 million copies of the first volume, but the goal at this stage is 100 thousand copies.

　　The PaperCan you introduce SF magazine and its influence on Japanese science fiction?

　　Yamaguchi crystalAs early as 1959, Hayakawa study room founded SF magazine, which is the second oldest science fiction magazine in the world. For decades, it has trained a large number of Japanese science fiction writers.

　　Japanese science fiction began to sprout and develop under the influence of American science fiction. The first issue of SF magazine published the works of Arthur C. Clarke (Arthur C. Clarke), Issac Asimov (isaac asimov), Philip K. Dick (Philip K. Dick) and Robert Sheckley (Robert Sheckley), which inspired and enlightened many young people who wanted to be novelists. In addition, writers such as Robert A. Heinlein (Robert A. Heinlein), Kurt Vonnegut (Kurt Vonnegut Jr.), Ray Bradbury (ray bradbury) and William Gibson (William Gibson) are often introduced and mentioned, thus influencing a group of Japanese science fiction writers, whose works and influence are still popular and exist among readers.

　　The PaperWhat is the development of Japanese science fiction? What are its characteristics?

　　Yamaguchi crystalThe characteristics of Japanese science fiction are very diverse, and each generation of authors has its own distinctive characteristics. For example, the first generation of science fiction writers in 1960s, such as Sakyo Komatsu (Komatsu sakyo), Shinichi Hoshi (hoshi shinichi) and Yasutaka Tsutsui, Yasutaka Tsutsui, will surprise you when reading their works. Komatsu sakyo is famous for hard science fiction, while hoshi shinichi’s stories have fable-like flashes. Yasutaka Tsutsui is characterized by experimental novels that play abuse.

　　Most of the first-generation writers have passed away. The second-generation writers in the 1970s, the third-generation writers in the 1980s, and the fourth-generation writers in the late 1980s and 1990s are still active in the literary world, publishing various types of works, such as hard science fiction, space opera, fantasy, military adventure, humor, Cyberpunk, literary science fiction and light novels.

　　Japanese science fiction experienced what we call the "severe winter" in the 1990s, but in the 21st century, a new generation of writers such as Project Itoh (Project Itoh), Hitotaka Tobi (Fei Haolong), Ogawa Yishui and Toh Ubukata (Tou Ubukata) appeared, and Japanese science fiction became popular again. In particular, Project Itoh’s "Killing Organs" and "Harmony" are the milestones of the revival of Japanese science fiction.

　　In addition, Japanese science fiction is closely related to comics, animation and video game industries, and classic cartoonists such as Osamu Tezuka and Reiji Matsumoto were influenced by the early science fiction movement. Even in this century, film directors such as Makoto Shinkai (Makoto Shinkai, masterpiece Your Name) and Sunao Katabuchi (film must be straight), and game producers such as Hideo Kojima (Hideo Kojima, masterpiece Metal Gear Series) are also loyal fans of science fiction.

　　The PaperWhat is the popularity of Japanese science fiction in the market at present?

　　Yamaguchi crystalIf we only talk about the publication of science fiction books, we can’t say that it is very big. The sales volume has been relatively stable and there are fixed readers and fans. However, if anime and animation are included, the market is huge. Many cartoons and animated films and TV programs have sci-fi elements, such as robots, time travel, future world and so on.

　　However, these readers are very loyal to science fiction. They have their own reading and study groups, and they also organize activities and vote for awards. Every year, the fan group votes for the Seiun Award (the most sci-fi work and novel award in Japan), which is equivalent to the nebula award in the United States. It is also very active on social media.

　　The Paper: which countries and themes of science fiction are more popular? What are the criteria you choose?

　　Yamaguchi crystalScience fiction in China is very popular, and we expect that science fiction in non-English speaking areas will be the next trend. Asian science fiction mainly comes from China, and it will be a development window in the next two to three years. I hope so. There are many themes, and it is hard to say which ones are the most popular, but topics such as artificial intelligence, feminism, brain-computer interface, human-computer interface, dystopia, monitoring, robotics, information pollution, thinking uploading, genetic modification and space exploration will all have great attention and importance.

　　We always pay attention to sales data and marketing data, but these figures can only explain what readers want now, not next year or five years later, which requires our professional to judge and predict the future trend. In the selection of works, in addition to Japanese local science fiction, we have also established a good cooperative relationship with Science Fiction World in Chengdu, China. Science Fiction World will also recommend some short science fiction novels from China to us, and we will also consult some of our own science fiction writers.

　　The PaperWhat impression did China’s science fiction leave on you? Are there obvious characteristics differences between Chinese and Japanese sci-fi works?

　　Yamaguchi crystalThe three most obvious characteristics that China’s science fiction gave me are: first, a strong imagination; Second, anxiety about the rapid growth of economy and technology; The third is the nameless fear for the future. As for the differences between the two countries, I haven’t read enough China science fiction novels to discuss the differences, but in my opinion, Cyberpunk has a greater influence on Japan, while the proportion of hard science fiction in China’s science fiction novels will be larger.

　　The PaperJapanese science fiction writer Rihara Toye once said that "Japanese science fiction can’t be as influential as China’s science fiction because we don’t have Liu Yukun (English translator of Three-body)". What do you think of this statement?

　　Yamaguchi crystalThat’s for sure. Japanese science fiction needs translators like Liu Yukun too much. In addition, I am very sure that the level of some Japanese writers has reached the standard of the world’s top science fiction writers, but for now, we really haven’t seen any science fiction writer who has such a great influence in the world like Liu Cixin.

　　The PaperWhat impact will the hot sale of "Three-body" in Japan have?

　　Yamaguchi crystalThere is no doubt that Japanese readers will want to read more China novels. We also firmly believe that Three-body will become a best seller. Hayakawa Study also plans to invest more money to develop the China book market. We hope that not only readers of science fiction, but also other engineers, scientists, researchers, scholars and intellectuals will learn about China’s novels. (The Paper reporter Xu Minghui intern Xu Hangyan)

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