In 2023, China’s new power brand sales list ranked third in zero running and eighth in the world.

In 2023, China ranked third in the sales list of new power brands, with a sales volume of 144,155 vehicles. The sales volume was good, and the cars with a zero run were more and more liked by everyone. This is also the recognition of cars with a zero run, ranking eighth in the world with a sales volume of 94,380 vehicles, which is still far from enough. I believe that in 2024, zero-running cars will get better and better.

At first glance, its appearance gives you a calm and atmospheric feeling. It has the design inspiration of its own family and the unique characteristics of this car. The simple line design of the front face is unobtrusive. This car adopts the most popular front and rear light groups, which echoes the parallel lines of the whole car, and with the digital intelligent light language of 8 scenes, it reflects the aesthetic feeling of digital perceptual design.

The hub of zero run C10 is adopted.The design is more powerful, and with the wing-type rear spoiler, the whole car is full of sports vitality. The trunk loading space is enough to accommodate seven 20-inch suitcases at the same time, which is absolutely enough for the whole family to travel. It can be said that it is really awesome.

The C10 car interior design is still simple and atmospheric. Most of the interiors use softer curved surfaces and a large number of straight lines. The whole car looks full of advanced feeling. The hidden electric air outlet is straight and regular, and the wind direction, wind speed and other modes can be controlled by voice and screen.

The biggest selling point of Zero Run C10 is that it is the 8295 chip. Everyone is very interested in this. The performance of the chip is improved by 100%, from 105K to 200K, and the computing power of NPU is directly increased by 7.5 times. You can think of the gap between and.

There is no need to say that there is a C10 car space. You can feel more comfortable and spacious when you sit on this car. Its seat feels very soft. This car is very friendly to families with children. The fabric of its seat is made ofBaby-gnawing gradeMaterial, the health of children, has been guaranteed, so that you can travel with your baby with more peace of mind, which is really great.

The whole C10 car has more than 20 storage spaces and five cup holders, so that everyone in the whole family can have their own cup holders. Its rear central armrest has some innovations, providing a large-caliber cup holder, so that some big cups of the baby can be well placed, which is really sweet.

Now you can grab more than 10,000 yuan in pre-sale rights and interests in a limited time. Do you feel excited about such a new car that is close to your family’s ideal?

Good shop, find new ideas to solve problems

On April 26, the head brand good shop in the leisure and snack industry disclosed the 2023 annual financial report and the first quarter financial report in 2024. According to the financial report, in 2023, the net profit of the good shop was 180 million yuan; In the first quarter of 2024, the net profit of Liangpin Store was 62,482,800 yuan, down by 57.98%. The decline in net profit of Liangpin Store was due to the price reduction reform implemented by Liangpin Store in November 2023, which led to a decline in the gross profit margin of goods.

In 2023, Liangpin Store carried out multiple optimization and upgrading of its stores, focusing on multiple scenarios to enhance the interactive and differentiated experience of consumers. In addition, with an insight into the healthy trend of snacks, Liangpin Store upgraded its brand proposition to "natural healthy new snacks" this year, showing its firm determination to create healthy snacks for consumers. Some insiders pointed out that good shops with high performance-to-price ratio and high quality-to-price ratio have found new ideas to solve problems in the highly competitive snack track, laying a solid foundation for future development.

Overall revenue remained stable.

The 2023 annual financial report of Liangpin Store shows that in 2023, Liangpin Store realized operating income of 8.046 billion yuan, down 14.76% year-on-year; The net profit of returning to the mother is 180 million yuan.

In 2023, good shops were under pressure in stages, and the overall revenue scale remained stable. As for the reasons for the decline in revenue, Liangpin Store revealed in the financial report that the company’s online channel operating income declined mainly due to changes in the market and platform. In 2023, the company’s online main business income was 3.167 billion yuan, down 32.58% year-on-year, accounting for 39.83% of the main business income, down 10.58 percentage points year-on-year.

The performance report of the first quarter of 2024 disclosed by Liangpin Store on the same day shows that during the reporting period, Liangpin Store achieved an operating income of 2.451 billion yuan, a year-on-year increase of 2.79%; The net profit of returning to the mother was 62.4828 million yuan, down 57.98% year-on-year. Liangpin Store said in the financial report that the decline in net profit of returning to the mother was mainly due to the company’s price adjustment of some commodities, and the gross profit margin declined. At the same time, the government subsidies in this period were affected by the rhythm, which led to a comprehensive decline in net profit.

In November 2023, Liangpin Store announced that it would carry out the largest price adjustment since its establishment 17 years ago on the basis of ensuring high cost performance and quality-price ratio. The average price of 300 products was reduced by 22%, with the highest drop of 45%. Judging from the specific price reduction range of the products, the price per catty of the products in the good shop is reduced by 23% to 39.9 yuan; The price of each type of comprehensive nut products has dropped in 5 yuan -10 yuan; After the cost optimization of Flandy strawberry, the terminal price also decreased from 84.9 yuan/kg to 49.9 yuan/kg.

The advantage of "high cost performance" after the price reduction of good shops has created new growth points for them. The data shows that while the price reduction was implemented, in 2023, the gross profit margin of nuts, roasted seeds and nuts, dried fruits and candies and cakes in good shops increased by 1.99/1.61/2.18 percentage points respectively.

Zhu Danpeng, a food industry analyst in China, said that from the performance of Liangpin shops in 2023 and the first quarter of 2024, it can be seen that the double-high strategy of high cost performance and high quality and price ratio of Liangpin shops has achieved initial results. "The good shop is a brand with both cost performance and quality price ratio. I am very optimistic about the development of the good shop in 2024." Zhu Danpeng further pointed out.

In-depth layout of offline channels

Under the background of the rapid growth of the leisure snack market, offline stores are still the main position for leisure snack brands to occupy consumers’ minds. According to the data of Euromonitor International in 2023, offline channels account for 82.6% of the circulation share of snack foods, and modern channels such as snack specialty stores and convenience stores continue to occupy the market share of traditional couples’ stores, and the trend of channel upgrading continues; Online channels accounted for about 17.4%, the growth of traditional e-commerce platforms slowed down, and online traffic shifted to high-quality products and content-based e-commerce platforms.

Good shops that have made a fortune through offline channels continue to make in-depth layout of offline channels for offline channels that still have full potential.

According to the data of the 2023 annual financial report, Liangpin Store has about 3,300 stores in 23 provinces/autonomous regions/municipalities directly under the Central Government, achieving multi-level coverage from the core business district to the community stores.

Insight into the diverse needs of consumers for snacks in different scenes, the offline stores of good shops are gradually upgrading to service-oriented stores centered on consumer demand.

The person in charge of the good shop told Consumer Titanium that the company insisted on implementing the price strategy of "reducing prices without degrading quality" in the store business, reducing the price of more than 300 products and trying to change consumers’ perception of the high price of the brand. In addition, Liangpin Store actively explores new category models in store business, tries to sell fresh goods in bulk, introduces high-frequency consumer goods such as coffee and short-term guarantee for specific scenes, and also introduces innovative sketches such as frozen products, sausages and baked sweet potatoes according to seasonal changes, which awakens the fireworks in the store through young marketing, effectively increasing the customer unit price and sales in the current season.

It is worth mentioning that, as the "big brother" of the leisure and snack industry, Liangpin shops are also actively seeking new growth points from offline channels through the exploration of the store model.

At the end of July, 2023, Liangpin Store, the largest store in China-Wuhan Economic Development Zone AEON "Snack Kingdom" store opened. The store covers an area of 1,200 square meters, focusing on children’s snacks, coffee, sugar control, fat control and other sub-scenes, selling more than 3,000 products.

Through the continuous optimization and upgrading of offline channels, in 2023, good shops achieved good results in offline channels. According to the financial report data, in 2023, the direct retail business of good shops achieved sales of 1.893 billion yuan, a year-on-year increase of 21.69%.

Jiang Han, a senior researcher at Pangu think tank, pointed out that the multiple adjustments made by good shops to offline channels reflect their strategic vision of flexibility and all-round development. The younger upgrading of offline stores and the adjustment of scene goods will help attract more young consumers and enhance the shopping experience.

Grasp the trend of health

According to the latest data of China Commercial Industry Research Institute, the market size of leisure snacks in China was 928.6 billion yuan in 2023, and it is estimated that the market size will exceed one trillion yuan in 2024. In terms of consumption, the per capita consumption of leisure snacks in China is only 1/2 of the global average, 1/3 of Japan and 1/5 of the United States, and the market space is broad.

In the view of good shops, the difference of consumers’ preference for snacks is objective. Nowadays, low sugar, low salt, low fat and no additives have become the standards for most family consumers to buy snacks. No matter how consumers’ demand changes, higher requirements for product quality and making consumers eat healthier are always the most basic criteria that leisure snack brands need to follow.

As the first snack food and snack enterprise to put forward the "high-end" strategy, Liangpin Store insists on ensuring the high quality of products and balancing the flavor and health of products when reducing prices on a large scale.

According to the financial report, in terms of lo-mei category, the good shops and industry leaders jointly built a research and development center, and the two sides shared research and development resources and technological advantages, and added new products such as chicken feet and air-dried beef. In the vegetarian food category, the good shop developed the bean skin with chickpeas as the core raw material instead of soybeans, and promoted the high-temperature expansion process to replace the traditional frying process, which met the consumer’s demand for zero trans fatty acids and soy products snacks with reduced oil and fat.

The relevant person in charge of the good shop revealed to Consumer Titanium that on the raw material side, the good shop continuously monitored 27 food raw materials throughout the year to promote the optimization of source layout management. Taking dried mango as an example, good shops support suppliers to build factories overseas, which reduces the loss of fresh fruit in import and transportation.

The data shows that with the product strength brought by high quality and innovation, the annual sales of new products in good shops exceeded 1.2 billion yuan in 2023, among which the sales of single products such as Daximei and Ziyi Cashew exceeded 10 million yuan.

Focusing on "reducing the price without degrading the quality", under the background of insight into the new trend of consumers’ pursuit of natural and healthy snacks, this year, Liangpin Store released a brand-new brand proposition-"Natural and Healthy New Snacks", which marked the brand upgrade to a healthier direction.

The relevant person in charge of Liangpin Store told Consumption Titanium that in 2024, Liangpin Store took the lead in proposing and advocating "five reductions" in healthy snacks (namely, "reducing salt, sugar, fat, oil and food additives"), focusing on the two research and development directions of natural healthy ingredients and reducing additives in the production process, so as to make the snack formula simpler, lower the burden and healthier, and continue to provide consumers with delicious and healthy food. This year, Liangpin Store plans to launch more than 140 upgraded healthy snacks, covering core categories such as cakes and biscuits, vegetarian food, dried fruits and preserved fruits.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

    [XCAR domestic new car original]

    On November 5, 2015, the new A-class car Pentium B30 of FAW Pentium was officially launched.The price range is698-92800 yuan. The Pentium B30 was officially rolled off the production line in Changchun factory on October 12th. The new car is stylish and dynamic, equipped with a 1.6L naturally aspirated engine, and equipped with a central control LCD screen as standard.

 

Pentium B30

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

    Appearance: stylish and dynamic daytime running lights are standard.

    The new Pentium B30 is built on the platform of Pentium’s own A-class car. In terms of appearance, the new car adopts a brand-new design concept of Pentium, and the multi-spoke air intake grille is connected with the headlight group with lens by virtue of black trim.

FAW Pentium B30 will be officially launched on November 5th.

FAW Pentium B30 will be officially launched on November 5th.

    In addition, the front bumper of the new car adopts a through design style, and there are strip daytime running lights on both sides. In terms of appearance configuration, the new car comes standard with daytime running lights and aluminum alloy wheels.

FAW Pentium B30 will be officially launched on November 5th.

FAW Pentium B30 will be officially launched on November 5th.

FAW Pentium B30 will be officially launched on November 5th.

FAW Pentium B30 will be officially launched on November 5th.

    The side lines of the car body are smooth and full of tension, and extend all the way to the rear part. In addition, the duck-billed tail box design adds vitality to the new car. In terms of body size, the length/width/height of the Pentium B30 is 4625/1790/1500mm, the wheelbase is 2630mm, and it is equipped with 205/55 R16 tires.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

    Interior: sporty and equipped with large LCD screen.

    As for the interior, the Pentium B30 uses pure black interior color matching to show the dynamic atmosphere. The new car in the center console is equipped with a large LCD screen, and the button layout is simple and easy to operate. In addition, the new car is equipped with a barrel instrument panel and a multi-function steering wheel. In terms of configuration, the new car will be equipped with a central control LCD screen as standard, and the middle and high models will also be equipped with an electric sunroof, a leather steering wheel, a leather cloth combined seat, a window anti-pinch, and external rearview mirror heating.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

FAW Pentium B30 will be officially launched on November 5th.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

    In terms of comfort and technology configuration, the new car comes standard with mobile phone mapping interconnection function and car Bluetooth phone. In the high-profile models, it will also be equipped with fixed-speed cruise, rear reversing radar and reversing images. In addition, automatic air conditioning is only carried on top models. In terms of safety configuration, FAW-Pentium B30 is rich. The new car comes standard with double airbags, seatbelts not prompted, engine electronic anti-theft, ABS anti-lock, body stability control system, brake assist system and traction control system.

    Power: equipped with a 1.6L naturally aspirated engine matched with a 5-speed manual /6-speed automatic gearbox.

    In the power part, the new car is equipped with a 1.6L naturally aspirated engine of CA4GB16 model, which can output a maximum power of 109Ps/5500rpm and a peak torque of 155Nm/3800rpm, matching with a 5-speed manual or 6-speed automatic manual transmission.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

FAW Pentium B30 officially went on sale for RMB 69,800-92,800.

    Competitiveness analysis

    In the A-class car market where Pentium B30 is located, there are the most competitors. Changan Yuexiang V7, Roewe 350, Fengshen A60 and other A-class cars in China brands are all competitors of Pentium B30.

Changan Passenger Car 2015 Yuexiang V7

SAIC Roewe 2015 Roewe 350

    In the camp of China brand A-class cars, which car consumers choose may be more interested in space and cost performance, followed by power requirements. Judging from these models, the body size of the Pentium B30 is in the middle and upper level, and it is no problem to meet the general needs of life. From the configuration point of view, several models also have their own highlights. The configuration of Pentium B30 is actually very rich. LCD screen, sunroof and leather steering wheel are the mainstream configurations.

Dongfeng fengshen 2016 Fengshen A60

    In terms of power, Pentium B30 is equipped with a 1.6L naturally aspirated engine. Among other competitors, Changan Yuexiang V7 and Roewe 350 are equipped with a 1.5L engine, and Fengshen A60 is equipped with three engines of 1.5L/1.6L/1.4T. However, there is little difference in the parameters of naturally aspirated engines of several models, but Pentium B30 is the only one among several models equipped with 6AT transmission, which is more competitive than competitors’ 4AT.

    Editor’s comment:On the whole, the appearance of FAW Pentium B30 is still in line with the current trend. In terms of configuration, the new car is equipped with a central control LCD screen as standard, and it can basically meet the general needs in entertainment and safety configuration. It is a fairly satisfactory model. But when it comes to the most important selling price, the price range advantage of Pentium B30 is not great.

Review of related articles:

FAW Pentium B30 will be officially launched on November 5th.

Domestic Tesla is coming: Model3 starts at 328,000 yuan and can be delivered in half a year at the earliest.

  Tesla announced the price of domestic Model 3.

  On May 31st, Tesla announced that it would produce an upgraded version of Model 3 standard battery life in Shanghai Super Factory in China, and officially open the vehicle reservation. From now on, consumers can log on to Tesla China official website or go to Tesla Direct Experience Center for consultation or reservation. Model 3 standard cruising upgrade (Tesla China) has a cruising range of 460 kilometers (NEDC estimates), the starting price is RMB 328,000, and the estimated delivery time is 6 to 10 months.

  The Paper reporter noticed that Tesla China official website has already opened the order page of Model3. According to official website, the Model3 standard endurance upgrade (Tesla China) costs 328,000 yuan, and the standard endurance upgrade costs 377,000 yuan. Depending on the suite, the highest configuration version of Model3 can reach 522,000 yuan, and the expected delivery date is 6 to 10 months.

  As a more affordable model designed by Tesla, Model 3 is more compact in size, simpler in design and more cost-effective.

  One of the biggest features of Model 3 series models is to cancel the dashboard, some buttons and switches of traditional cars, and even the air conditioning outlet is designed in a hidden way, as is the Model 3 standard endurance upgrade (Tesla China). The physical buttons and functions in the car are integrated into a 15-inch central touch screen, which integrates navigation maps, multimedia, internet connection and Autopilot automatic assisted driving settings.

  In terms of performance, the Model 3 standard battery life upgrade version has a maximum acceleration time of 5.6 seconds from 0 to 100 km/h and a maximum speed of 225 km/h.

  Model 3 car purchase deposit is RMB 20,000.

  In addition, Tesla also provides a four-year or 80,000-kilometer limited warranty for the new car and an eight-year or 160,000-kilometer warranty for the battery and drive unit (whichever comes first, and the battery capacity is not less than 70% during this period) for the Model 3 standard endurance upgrade (Tesla China).

  On January 7th this year, the Tesla Super Factory (Phase I) project officially started construction in Lingang, Shanghai. This is the first wholly foreign-owned project after the state introduced the policy of canceling the restriction on the foreign share ratio of new energy vehicles, and it is also the largest foreign-funded manufacturing project in Shanghai’s history.

  As of April this year, the pile foundation construction of Tesla Shanghai factory has been completed, and the steel structure construction of the factory building has begun. It is expected that the relevant engineering construction will be completed in May, the production equipment will be officially installed in the site, and some production lines will be mass-produced by the end of the year.

  Elon musk, CEO of Tesla, had predicted that the Shanghai Superfactory would produce 1,000 to 2,000 cars a week before the end of this year.

Deep blue 2025 SL03 goes on the market, which is awesome.

On September 27th, 2024, there are still three days before the National Day holiday. Changan Deep Blue Auto chose this day to officially launch the Deep Blue 2025 SL03 to the market.

The price range of new cars is 119,900 yuan-146,900 yuan. The prices are:The 2025 SL03 extended range standard model is 119,900 yuan, the 2025 SL03 extended range elite model is 129,900 yuan, and the 2025 SL03 extended range sports model is 146,900 yuan.There is also a pure electric version.The 2025 SL03 pure electric sports model is 146,900 yuan.

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From the perspective of product segmentation, it covers the fields of extended range and pure electricity, and takes into account the needs of most users.

Next, let’s go and see the new car together!

First of all, look at competitiveness from the price.

I remember that when SL03 was first listed, the starting price was 156,900 yuan, and there was no problem at that time. At that time, it was 199,800 yuan, and the high-end products even sold more than 300,000 yuan. Then, it is the involution of the market, the decline of battery prices, and the wait-and-see mood of consumers is getting stronger and stronger. Everyone has to roll products and prices desperately.

In the case of multiple factors, the starting price of the 2025 SL03 was directly lowered by more than 30,000 yuan. Jump directly to 119,900 yuan to start. I have to say that this price is really awesome.

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Let’s take a look at the attractive configurations of even the entry-level extended-range standard new car.

The biggest change comes from the power system. The motor power of the new car is increased from 160Ps to 172Ps, and the battery is 18.99 degrees. The pure electric cruising range of CLTC is 140 kilometers, and the comprehensive cruising range of matching 45L fuel tank can reach 1140 kilometers.

Although the data seems to be quite satisfactory, we should know that some new cars with long comprehensive endurance are actually realized by increasing the fuel tank capacity, and such PK is no better than it. Compared with the same hardware level, who has a longer battery life and a more competitive price is the correct way. From this point of view, it is to maximize the potential in this area.

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Less than 120,000, an extended-range car with a comprehensive battery life of more than 1,100 kilometers and a pure electric battery life of 140 kilometers can be driven home, which is really a law of fragrance.

Upgrade from the inside out.

In terms of appearance, the overall design style of Deep Blue 2025 SL03 tends to be younger, focusing on technology and fashion, with two colors of white and cyan, leading panoramic canopy, frameless door, hidden electric door handle and electric memory hatchback, which is full of movement. Equipped with 19-inch wheels, the mechanical design style brings a sense of visual strength.

In terms of interior, the interior has been upgraded with the color scheme of "Stars Shining Black", which is designed with black and gold as the contrast color. It is full of sense of movement and technology, which is more in line with the tastes and styles of young people. As for the materials used in the interior, the high-grade suede comparable to the texture of a sports car and the 17-step suede process are adopted, with a coverage rate of nearly 40%. The fabric has undergone a number of rigorous tests such as light resistance, durability, anti-pollution, anti-slip and air permeability, and all indicators have reached the leading level in the industry.

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In the steering wheel, door panel, armrest box, seat and other places within reach, it is decorated with advanced streamer black chrome ornaments and buttons, which are silky to the touch and bring a more exquisite and delicate technical metal texture.

In terms of vehicles, we have noticed that the application of intelligent technology such as intelligent driving assistance system and vehicle networking service makes it easier and more convenient to drive the Deep Blue 2025 SL03.

In terms of power, both the extended range version and the pure electric version, the deep blue SL03 has shown excellent power performance and stable handling performance.

Better SL03

As "the first sports coupe for young people", Deep Blue SL03 (2025) is also very leading in software and hardware technology. Deep Blue cars are all built on the EPA1 all-electric digital platform pioneered by Deep Blue industry, with natural rear drive and 100-kilometer acceleration in only 7.5 seconds.

On this basis, the deep blue 2025 SL03 extended-range sports model is outstanding in battery life. It has a longer battery life of 220km and is equipped with Contemporary Amperex Technology Co., Limited 28.39kwh, which can meet the daily commuting power consumption and energy-saving needs of users.

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In terms of intelligence, Deep Blue 2025 SL03 extended-range sports cockpit is equipped with 8155 chip and L2 intelligent driving function, which brings users a silky and advanced intelligent experience. At the same time, Deep Blue 2025 SL03 extended-range sports model is also equipped with 10.2-inch full LCD instrument panel, AR-HUD holographic enhanced display system, gesture control, 50W wireless fast charging, automatic anti-glare interior rearview mirror and other more scientific and technological configurations, showing the true nature of scientific and technological trends.

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It is worth mentioning that the EPA1 platform, which was born as Deep Blue 2025 SL03, is the world’s first electric-driven platform compatible with various power configurations such as pure electricity, extended range and hydrogen fuel. Although hydrogen fuel is useless at present, it also leaves one more choice for the future. This is also in line with people’s mentality: I don’t need it, but you must have it and give me the right to choose.

Write it at the end

With the launch of the 2025 Deep Blue SL03, the competition pattern of the new energy car market has been upgraded again. After the launch, Deep Blue 2025 SL03 will compete with competing models such as, Zero Run, etc. As "the first sports coupe for young people", we insist that the 2025 SL03 looks more in line with the needs and expectations of young consumers.

BBA, a number of new cars hit, Mercedes-Benz GLC 350e L led.

???In the domestic auto market, even in the era of electrification, the three German luxury brands still have a great status and a huge fan base. In the face of new development trends, established car companies such as Mercedes-Benz, BMW and Audi are also actively transforming and pushing new models that are more in line with market trends.

???A few days ago, Ghost Brother learned that, next, these three German luxury brands will have a variety of models launched. This time, Ghost Brother chose three models with high attention to introduce them, providing car purchase reference for consumers who want to buy a car.

The first paragraph: Mercedes-Benz GLC 350 E L.

???The transformation speed of Mercedes-Benz cars is very fast. Now, the domestic plug-in hybrid market is quite hot, and Mercedes-Benz has started to add plug-in hybrid new cars, among which Mercedes-Benz GLC 350e L is one. This model has been officially unveiled at Chengdu Auto Show before.

???The design style of the new car is highly consistent with the fuel version. The star-studded front grille is matched on both sides, and the lower side of the front face is equipped with a through diversion groove, which looks fashionable and advanced. The fuel inlet of the new car is located on the right side of the rear, and the charging inlet is located on the left side of the rear.

???Of course, for netizens, they are more concerned about the size and performance of new cars. According to the current information, the length, width and height of the new car are 4826/1938/1696mm and the wheelbase is 2977mm respectively. The official announcement of power information is not much. Mercedes-Benz GLC 350e L will be equipped with a system consisting of a 2.0T engine and a full-time four-wheel drive system.

The second paragraph: the new long wheelbase version

????The new BMW X3 long wheelbase version is also a very concerned model, and the new car is expected to be launched in the first quarter of 2025. As a replacement model, the appearance and interior of the new car have changed obviously. The kidney grille with a new style on the front face, with sharp headlights, looks more exquisite than the current model.

????The tail shape is equipped with a spoiler, a diffuser below, and a new style of large wheels, which looks more sporty. In terms of body color matching, the new car will provide mineral white, carbon black, extreme blue, skyscraper gray, Brooklyn gray and other color matching.

It is reported that the new car also adds intelligent equipment, equipped with the latest generation operating system and integrated floating curved screen. In terms of size, the length, width and height of the new car are 4865/1920/1664mm and the wheelbase is 2975mm respectively. In terms of power, the 30Li model will be equipped with a 2.0T engine, matching the 8-speed automatic manual transmission.

Paragraph 3: New style

???The new Audi A3 is expected to go on the market in October. The new car has already been declared in the Ministry of Industry and Information Technology. According to the news currently available, the design of the new car has changed a lot. The new car is equipped with a mesh front grille, with double "7"-shaped full LED lens headlights on both sides, and the diversion groove on the lower side of the front face is blackened. The new front face is more in line with the aesthetics of young people.

???The car adopts a new color scheme, and the configuration is also optimized. For example, a central airbag and a rear seat airbag are added as standard. In terms of power, the new car will be equipped with a 1.5T engine, and it is expected to be equipped with a 48V light mixing system to match a 7-speed dual-clutch gearbox.

Ghost fighting car view: The above three new cars have their own characteristics, and they have been adjusted in design, configuration and power, making them younger and more grounded. They will be listed one after another, and consumers who want to buy a car can pay more attention.

2790mm wheelbase, seal 06 declaration map is coming!

Recently, the Ministry of Industry and Information Technology announced a set of latest application information, from which Xiaobian discovered BYD’s brand-new model-Seal 06. Seal 06 adopts the latest design style, with a wheelbase of 2790mm, and is expected to be equipped with BYD’s new generation DM-i super hybrid technology, which is expected to be listed this year.

In terms of appearance, Seal 06 adopts the design concept of ocean series, the common closed grille, the LED headlight group with double L design on the left and right sides, and the exaggerated C-shaped cooling opening below, which is decorated with chrome trim under the upper license plate, making it fashionable and dynamic.

On the side of the car body, Seal 06 adopts a small slip-back design, with a coordinated proportion, a semi-hidden door handle, chrome-plated trim strips to outline the window, a two-stage waistline, and a concave door panel to reduce wind resistance and enhance the sense of movement on the side of the car. In terms of body size, Seal 06 is 4830mm long, 1875mm wide, 1495mm high and 2790mm wheelbase, which is closer to the mainstream A+ class car in size. In terms of wheel hub size, Seal 06 will provide R16, R17 and R18 in three different sizes.

At the rear of the car, Seal 06 adopts the popular penetrating taillight group, blackened, water-drop modeling on the left and right sides, and double-layer and double-color design is adopted in the rear enclosure, with chrome-plated lines embellishing and rich layering, which enhances the sense of movement.

In terms of power, Seal 06 will be equipped with a plug-in hybrid power system consisting of a 1.5L engine with model BYD472QC. The maximum power of the engine is 74 kW, and the motor is divided into high and low power, with maximum power of 120 kW and 160 kW. It is equipped with lithium iron phosphate batteries, and it is expected that two power versions will be provided. One is equipped with a 10.08kWh battery, and the WLTC has a pure electric cruising range of 60km, and the other is a 15.874kWh battery, with a pure electric cruising range of 90km. It is reported that Seal 06 is expected to be equipped with BYD’s new generation of DM-i super hybrid technology, and the fuel consumption per 100 kilometers under NEDC working conditions is less than 3L.

Write it at the end

Seal 06 is positioned between seal DM-i and destroyer 05, which is another masterpiece of BYD in the car market, and the price is expected to be between the two. As a brand-new model launched by BYD Ocean Network, Seal 06 is not only expected to be equipped with BYD’s new generation of DM-i super hybrid technology, but also very eye-catching in appearance design and space size. After listing in the future, it will have outstanding competitiveness in the new energy car market. Are you looking forward to Seal 06?

Geely New Binyue will be listed the day after tomorrow! Change to 1.5T four-cylinder 4S shop: starting from 75,800.

The online auto market learned that Geely New Binyue will be listed on May 18th. The main appearance details and configuration of the new car were upgraded. The platinum version and the diamond version were replaced by a four-cylinder 1.5T engine, and the entry gold version followed the 1.4T engine. According to Geely dealers, Xinbinyue has arrived at the store, and the price range of the three models is 75,800-96,800 yuan, which is consistent with the cash.

Geely New Binyue will be listed on the market the day after tomorrow, and the four-cylinder 1.5T 4S store will be sold at 75,800 yuan-Figure 1.

Geely New Binyue will be listed on the market the day after tomorrow, and the four-cylinder 1.5T 4S store will be sold at 75,800 yuan-Figure 2.

Geely New Binyue will be listed on the market the day after tomorrow, and the four-cylinder 1.5T 4S store will be sold at 75,800 yuan-Figure 3

Geely New Binyue will be listed on the market the day after tomorrow, and the four-cylinder 1.5T 4S store will be sold at 75,800 yuan-Figure 4

Geely New Binyue will be listed on the market the day after tomorrow, and the four-cylinder 1.5T 4S store will be sold at 75,800 yuan-Figure 1.

Geely New Binyue will be listed on the market the day after tomorrow, and the four-cylinder 1.5T 4S store will be sold at 75,800 yuan-Figure 5

Geely New Binyue will be listed on the market the day after tomorrow, and the four-cylinder 1.5T 4S store will be sold at 75,800 yuan-Figure 6

New Binyue offers four paint colors: lightning white, blast green, hot flame red and thunder gray. The appearance change is to change the black straight waterfall air intake grille, and the diamond version is equipped with a sports kit, including the front surround and red decorative strips around the car body. In terms of configuration changes, Xinbinyue 1.5T DCT Platinum Edition upgrades electronic handbrake, automatic parking, steep slope descent and automatic air conditioning; The 1.5T DCT Diamond Edition adds 7-inch LCD instrument and automatic air conditioner, and cancels the front side airbag.

Geely New Binyue will be listed on the market the day after tomorrow, and the four-cylinder 1.5T 4S store will be sold at 75,800 yuan-Figure 1.

The new Binyue Gold Edition follows the 1.4T engine, with a maximum power of 104kW and a peak torque of 235N·m, matching a 6-speed manual gearbox; The platinum version and the diamond version are replaced by a new four-cylinder 1.5T engine, matching the 7-speed dual-clutch gearbox.

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EV Morning News | Exposure Huawei will pay dividends of nearly 77 billion yuan in 2023; Beijing opens unmanned self-driving passenger test; Ask the first batch of M9 car owners to start delivery.

Morning news

Huawei will pay dividends of nearly 77 billion yuan in 2023.

According to the electric business news, after the market meeting on February 2nd, Huawei officially announced through the internal secretary No.1 document: 1.5 yuan will be paid dividends per share in 2023, and the price per share will remain unchanged at 7.85 yuan, ESOP the dividend yield will be 1.5/7.85=19.1%, and the after-tax rate will be 15.3%. According to Huawei’s current total share capital of 51.3 billion shares, the total dividend will be 51.3 billion * 1.5 = 76.95 billion yuan.

According to the 2022 annual financial report, the number of Huawei companies participating in the employee stock ownership plan is 142,000. In that year, Huawei paid a dividend of 72 billion yuan, with a per capita dividend of nearly 547,000 yuan. In 2021, Huawei paid a dividend of 61.4 billion yuan, with a per capita dividend of 460,000 yuan. It is estimated that in 2023, the per capita dividend amount of Huawei employees will further increase.

Huawei’s revenue in 2023 is expected to exceed 700 billion yuan, of which terminal revenue is expected to exceed 240 billion yuan. With the return of Kirin chips, Huawei’s terminal business is rapidly recovering, and with the big sales of smart cars, it is estimated that the terminal revenue will increase by more than 100 billion yuan in 2024.

Domestic information

1. LiWant to respond to multiple year-end awards: unclear rewards and punishments is the biggest reason for inefficient organization.

According to the information of IT House, on January 5th, the car blogger @ 京京京京京京京京京京京京京京京京京京京京京京2 To this, the CEO responded in Weibo.

Li Xiang said: "We can’t just learn Huawei’s process without learning Huawei’s benefit distribution. We insist on two simultaneous studies and bind each other. In 2023, more bonuses will be given if the target is exceeded, and less bonuses will be given if the target is not achieved in 2022, so that rewards and punishments are clear. Only learning the advanced process, not learning the advanced benefit distribution, and unclear rewards and punishments are the biggest reasons for the inefficiency of the organization, simply tossing employees. There are growth, achievements and rewards, and all three are indispensable. "

Li Xiang mentioned the year-end bonus event in 2022: In that year, all employees received less year-end bonuses than before, with only half of their monthly salary, and a few received 13 salaries, while in LI, the year-end bonus was two to four months’ salary. Due to the outstanding performance of LI in 2023, it is expected that the ideal year-end bonus will exceed the highest level in the past.

2. In 2023, China imported 799,000 cars, down 10% year-on-year, falling for five consecutive years.

According to the news of the Federation on February 4, China imported 799,000 cars from January to December 2023, down 10% year-on-year. China’s automobile imports continued to decline at an average annual rate of about 10% from 1.24 million vehicles in 2017, and only 885,000 vehicles will be imported in 2022. In 2023, the domestic high-end market demand was good, but the import of passenger cars was only 800,000 units, which continued to decline by 10% year-on-year. The Federation pointed out that the electrification transformation has changed the demand for fuel vehicles, and the demand for imported fuel vehicles has dropped significantly.

3. Beijing started the unmanned automatic driving passenger test.

Xiaoma Zhixing official micro-message, equipped with Xiaoma Zhixing’s sixth-generation L4 software and hardware system, the Robotaxi model has been approved to open the self-driving manned demonstration application of "nobody in the car, remote outside the car" in Beijing. In Yizhuang, Beijing, passengers can call a car through PonyPilot+APP. At present, this model has been tested in Beijing and Guangzhou at the same time.

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4. Shanghai has achieved an open test of autonomous driving with a total area of 912 square kilometers.

Looking at the news, the Shanghai Municipal Transportation Commission, the Municipal Economic and Information Commission and the Municipal Public Security Bureau jointly released the "Shanghai Intelligent Networked Automobile Development Report (2023)". According to the report, by the end of 2023, the total area of self-driving open test in Shanghai reached 912 square kilometers, including 464 square kilometers in Jiading and 386 square kilometers in Lingang. A total of 774 vehicles from 32 enterprises were awarded road test and demonstration application licenses.

The total test mileage is 9.633 million kilometers, of which the automatic driving test (function test) mileage is 7.437 million kilometers, increasing by 25% and 43% respectively compared with 2022; The total test duration was 1.15 million hours, of which the automatic driving test (function test) lasted 650,000 hours, increasing by 190% and 200% respectively compared with 2022.

5. The price of NVIDIA RTX 4090 graphics card in Asian market soared by 60%.

According to Nikkei Asia News, the price of GeForce RTX 4090 graphics cards in NVIDIA has soared in the Asian market, and people are willing to spend a lot of cash to buy them and then resell them at a higher price. The price of RTX 4090 in some Asian countries has soared by 60%-the official suggested retail price is US$ 1,599. Buyers from Guanghua Shopping Mall in Taiwan Province, China and Longshan Electronics Market in South Korea have bought these graphics cards for more than US$ 2,500, so that they can resell them to Chinese mainland and China at three times the price. According to reports, this is also the case in Singapore and Vietnam.

It is understood that RTX4090 will be released at the end of 2022. The graphics card is based on the 5nm process AD102 graphics processor, which can ensure the operation of all games and support hardware ray tracing and variable rate coloring in video games. AD102 graphics processor is a large chip with an area of 611mm2.

6. The first model of the sub-brand Alps is expected to be launched in October.

36Kr reported that the first model "DOM" (internal code) of Weilai sub-brand Alps is planned to be trial-produced in July this year, and it is expected to be mass-produced and delivered on the market in the second half of this year. If all goes well, DOM is expected to be officially listed in October this year. Alpine brand will bear the heavy responsibility of Weilai’s main attack on the family car market, with the price range of 200,000-300,000 yuan, while Weilai brand will continue to stand firm in the high-end pure electric market.

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7. The first batch of M9 owners of Celeste Super Factory opened for delivery.

Sailis official news, Sailis Super Factory was completed and put into use on February 5th, and the first batch of owners of M9 officially opened for delivery.

The factory has more than 1,000 intelligent devices and over 3,000 robots for intelligent collaboration, which can realize 100% automation of key processes; Has the industry’s first quality automation testing technology, which can realize 100% quality monitoring traceability; Through the world’s leading 9000T die casting machine, the highest integration among integrated die casting parts is realized; At the same time, it has achieved the highest production efficiency in the world.

According to reports, since its listing in December, 2023, the M9 has exceeded 40,000 sets.

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8. Xia Yiping, CEO of Extreme Vietnam, revealed that the price of Extreme Vietnam 07 was 219,900, and Xia Yiping subsequently denied it.

No.42 garage news, in the "BOSS 1+1" program yesterday afternoon, Xia Yiping, CEO of Extreme Yue Automobile, revealed that the price of the second model of Extreme Yue Automobile, Extreme Yue 07, started at 219,900 yuan. Last night, Xia Yiping denied this statement, saying that the 219,900-car model he mentioned in the program was the previously listed Extreme Yue 01.

Extreme Yue 07 is positioned as a pure electric car, which forms a competitive relationship with Extreme Krypton 007 and I. It is rumored that the ultra-Yue 07 will adopt the same large-size through LCD screen as the ultra-Yue 01 with built-in Qualcomm Snapdragon 8295 chip. In terms of assisted driving, Extreme Yue 07 may adopt the pure vision high-order intelligent driving technical scheme like Extreme Yue 01, equipped with dual Orin chips. According to previous reports, Extreme Vietnam 07 will make its debut in April this year, and start delivery in the second half of this year.

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9. It is reported that the self-developed city NOA assisted driving landed in March.

Late Auto news, the first landing time of BYD City Pilot (NOA) is planned for March 30th, and N7 will be the first vehicle to apply advanced intelligent driving function. A person close to BYD revealed that BYD’s cities led the first batch or opened a number of major cities including Shenzhen. However, "Late auto" learned that as of now, only Shenzhen is close to landing. Judging from the current action, BYD tried to copy the winning method of electrification transformation to intelligent driving: mastering the core components by self-research and quickly filling the progress with "crowd tactics". In order to improve the boarding progress of self-developed advanced intelligent driving, BYD is vigorously expanding its intelligent driving team.

In October and February, the new car declaration catalogue of the Ministry of Industry and Information Technology: Qin L, tank 300Hi4-T and other popular cars are listed.

According to the First Electric Report, the 380th batch of Announcement of Road Motor Vehicle Manufacturers and Products issued by the Ministry of Industry and Information Technology was released yesterday, and the new car declaration information such as BYD Qin L, 06, Volkswagen ID.7 S, Lectra 07 EM-P, Tank 300 Hi4-T, Star Era ET Extended Range Edition, Tengshi N7 modified models and so on were presented in a concentrated manner.

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11. General Administration of Market Supervision: The BMW joint venture was unconditionally approved.

On February 5, Cailian, the State Administration of Market Supervision announced the list of cases that unconditionally approved the concentration of business operators from January 22 to January 28, 2024. The ninth case was the case of approving the establishment of a new joint venture between Mercedes-Benz (China) Investment Co., Ltd. and BMW Brilliance Automobile Co., Ltd., which was concluded on January 23.

Last November, they announced that they would set up a joint venture in China with a 50:50 share ratio and operate a super charging network. By the end of 2026, the joint venture company plans to build at least 1,000 super piles with advanced technology and about 7,000 super-filled piles in China. The first batch of charging stations are planned to start operation in key new energy automobile cities in China from 2024, and the subsequent construction of charging stations will also cover other cities and regions in China. In January this year, this joint venture company has been approved by the European Commission.

12. Weilai Capital raised more than 3 billion yuan.

36Kr reported that Weilai Capital recently completed the second phase of RMB fund raising, with a total scale of over 3 billion yuan. The newly raised second-phase fund will continue to focus on investment in the fields of new energy automobile industry ecology, energy technology and energy transformation, and scientific and technological intelligence. According to the report, the LP of RMB fund of Weilai Capital Phase II includes local government guidance funds, state-level funds, family offices and listed companies which are widely distributed in the field of new energy vehicles and parts.

International information

1. The origin of Apple Vision Pro was announced for the first time: original made in China.

According to the news of fast science and technology, domestic bloggers have been the first to get Vision Pro recently. Judging from the exposed packaging box, Vision Pro is original made in China. Like iPhone and other products, Apple is only responsible for design, assembly and production in China. It is reported that Luxshare is the only assembly partner of Vision Pro, and the first batch of Vision Pro is manufactured by Luxshare in Kunshan.

As early as January 19th, when it was pre-sold, some netizens claimed that the shipment place of Vision Pro they bought was Shanghai, China. Since Vision Pro has not been sold in China at present, the domestic purchasing price was as high as 90,000 yuan at the beginning of pre-sale, but the current price has dropped to about 30,000-50,000 yuan. In order to experience Apple VisionPro in the first time, JD.COM International Purchasing and Marketing directly flew to the United States for procurement, and conducted on-site unpacking evaluation.

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2. In January, the global sales volume of automobiles was 53,402, and the China market increased by 36% year-on-year.

Volvo Cars announced on the 5th that its global sales reached 53,402 vehicles in January, up 10% year-on-year, and its sales increased for 17 consecutive months. Among them, the "Recharge" series models with or without plug-in hybrid achieved sales of 19,171 vehicles in the month.

Sales in Europe increased by 8% to 23,141 vehicles, of which new energy vehicles accounted for 60%. Followed by the China market, Volvo sold 16,042 vehicles in China that month, an increase of 36% compared with the same period last year; The performance of the US market followed closely with 7716 vehicles.

Volvo XC60 is the best-selling model, with global sales reaching 18,011 vehicles. Followed by XC40, with a total sales volume of 12,628 vehicles and XC90 of 8,167 vehicles.

3. Hyundai Motor evaluates the listing plan of its Indian subsidiary.

India’s Economic Times reported that Hyundai Motor is evaluating the listing plan of its Indian subsidiary and plans to raise 3.3 billion to 5.6 billion US dollars. People familiar with the matter said that world-renowned investment banks, including Goldman Sachs, Citigroup, Stanley and JPMorgan Chase, gathered in Seoul last week to introduce Hyundai Motor’s leadership.

4. Investigate and upgrade the failure of steering assistance in the United States.

According to IT House, the National Highway Traffic Safety Administration (NHTSA) recently upgraded the investigation on the power steering system of Tesla Model 3 and Model Y electric vehicles to the engineering analysis stage.

Previously, hundreds of Tesla owners complained about the loss of steering assistance. NHTSA’s Defect Investigation Office (ODI) began to investigate the steering assist system of Model 3 and Model Y in 2023 in July last year. According to a document released this week, the agency has now upgraded the investigation to the stage of engineering analysis. This means that this investigation may eventually lead to a vehicle recall. Tesla has provided NHTSA with relevant part numbers to assist in the investigation.

The survey involved about 334,569 Model 3 and Model Y vehicles, and a total of 2,388 car owners complained that the steering assist system failed. In the complaint, some car owners said they could not turn the steering wheel, while others said they needed more effort to turn the steering wheel. Most of the complaints also mentioned that the vehicle will send a warning message to the driver before or during the failure of the steering assist, indicating that "the steering assist is reduced".

It is reported that this problem has led to an accident, when the driver could not complete the right turn at the intersection and finally collided with another car. NHTSA also said that they learned that at least 50 vehicles were towed away from lanes, parking lots, roadsides and intersections due to steering assistance problems.

5. The road test mileage of Apple’s self-driving cars increased to 720,000 kilometers last year.

According to the IT House, according to the data released by the California Motor Vehicle Administration, foreign media reported that the road test mileage of Apple’s self-driving car road test team on public roads in California increased significantly last year, reaching 450,000 miles, or about 720,000 kilometers. In the report, foreign media also mentioned that the road test mileage of Apple’s self-driving car road test team on public roads in California last year was more than four times that of their test mileage in 2022 and more than 30 times that of 2021.

At the end of last month, the long-rumored Apple car project once again encountered twists and turns. The launch time was adjusted from 2026 originally planned to 2028 as soon as possible, and the autopilot level was also adjusted, from L4 previously planned to L2+ with limited autopilot function, focusing more on basic driving functions. Although Apple’s self-driving project codenamed "Titan" has encountered twists and turns, the road test of their self-driving technology is still in progress.

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6. After the "fake Biden call", the United States intends to declare it illegal to make calls with AI voice.

The Paper reported that on January 21st, local time, some voters in New Hampshire said that they had received an automatic message from President Biden, telling the receiver not to vote in the state’s primary election. In view of the recent incidents of deep AI fraud in the United States, on February 1st, local time, dame jessica rawson Rosenworcel, chairman of the Federal Communications Commission (FCC) of the United States, proposed that it would be illegal to use AI-generated voice to make robocall.

Previously, AI pretended to be US President Biden to call voters, and the false "indecent photos" of famous singer Taylor Swift AI were madly transmitted on the Internet, which coincided with the US election year. Many AI deep fraud incidents caused people to worry about artificial intelligence fraud.

7. For the first time, American scientists printed functional brain tissue in 3D, and it is not clear whether they are conscious or not.

Recently, scientists at the University of Wisconsin in the United States used new technology to print functional human brain tissue in 3D for the first time. It can grow and work like a human brain, and different neurons can communicate and interact to form a neural network, but it is not clear whether consciousness will be formed, which is not the purpose of scientists. Scientists aim to use it to study the development of brain nerves and various neurodegenerative problems, such as Alzheimer’s disease, Parkinson’s disease and gradual freezing.

8. Microsoft launched an AI-assisted project for the news editing industry.

IT House news, Microsoft released a press release on the 5th local time, announcing that it has launched a number of cooperation based on generative AI with a number of news organizations. Microsoft will help news organizations identify and improve the procedures and policies of using AI for news editing and business practice, and assist in training a new generation of journalists: guide them on how to "best" use AI, and find ways for AI to assist in completing efficient business.

According to reports, Microsoft will cooperate with news agency Semafor, using AI tools to assist note takers in research, source discovery and translation, and using the "Semafor Signals" tool to help note takers provide readers with "diversified" and "credible" local, national and global information.

Dry goods! Analysis of Market Competition Pattern of Leading Enterprises in China Shield Machine Industry in 2021 China Railway Industry VS Railway Construction Heavy Industry

Related companies in shield machine industry:(600528), (600820), (688425), (002204), CCCC Tianhe, northern heavy industries, Sansan Industry, etc.

Core data of this article:Output of shield machines of leading enterprises, number of patents of shield machines of leading enterprises, operating income of shield machines of leading enterprises, etc.

1. China Railway Industry VS Railway Construction Heavy Industry: Comparison of shield machine business layout.

China Railway Industry was established in 1999 and listed for the first time in 2001. In 2017, the company reorganized and integrated Zhongqiao, China Railway Baoqiao, China Railway Science and Technology and China Railway Equipment. China Railway Equipment, a subsidiary of the company, is a frontier enterprise of shield machine in China, and has developed the first domestic shield machine with intellectual property rights in China. From 2017 to 2021, a number of key projects of the company signed contracts continuously, and the main economic indicators grew by leaps and bounds.

Tiejian Heavy Industry was established in 2006 and listed in 2021. The company has been deeply involved in the field of high-end underground equipment manufacturing, and many shield machine products have reached the international leading level. It has become the world’s leading underground engineering equipment industrial base, a new model industrial base for intelligent manufacturing of tunnel excavation equipment and a mass customization enterprise for rail transit equipment.

Chart 1: Business Layout of Shield Machine of China Railway Industry and China Railway Construction Heavy Industry

2. Comparison of business layout and operation status of China Railway Industry VS Railway Construction Heavy Industry-Shield Machine: China Railway Industry is slightly better.

1) China Railway Industry VS Railway Construction Heavy Industry-shield machine product comparison: Railway Construction Heavy Industry has more specifications.

From the product specifications and types of shield machines of China Railway Industry and China Railway Construction Heavy Industry, the maximum excavation diameter of earth pressure shield machines and slurry shield machines of China Railway Construction Heavy Industry is higher, and at the same time, there are more types of cutter head drives, and generally speaking, the product specifications are more.

Chart 2: Comparison of shield machine product specifications between China Railway Industry and China Railway Construction Heavy Industry.

2) China Railway Industry VS Railway Construction Heavy Industry-shield machine output comparison: China Railway Industry leads.

Judging from the change of shield machine output, the shield machine output of China Railway Industry has been greater than that of China Railway Construction Heavy Industry from 2017 to 2020. According to the Statistics of China Full-face Tunnel Boring Machine Manufacturing Industry in 2020 issued by China Construction Machinery Industry Association, China Railway Industry will produce 190 shield machines (excluding TBM) and China Railway Construction Heavy Industry will produce 152 shield machines (excluding TBM) in 2020.

Chart 3: Comparison of shield machine output between China Railway Industry and China Railway Construction Heavy Industry from 2017 to 2020.

3) Comparison of China Railway Industry VS Railway Construction Heavy Industry-Shield Machine R&D: China Railway Industry has a high investment scale.

Judging from the R&D proportion of China Railway Industry and China Railway Construction Heavy Industry, the R&D investment scale of China Railway Industry is significantly higher than that of China Railway Construction Heavy Industry. In 2020, China Railway Industry invested a total of 1.214 billion yuan in R&D funds, and China Railway Construction Heavy Industry invested a total of 553 million yuan in R&D funds. However, judging from the proportion of R&D investment in the company’s revenue, the investment ratio of Railway Construction Heavy Industry is 7.27% slightly higher than that of China Railway Industry (5.00%).

Chart 4: Comparison of R&D investment between China Railway Industry and China Railway Construction Heavy Industry from 2018 to 2020 (unit: 100 million yuan)

4) China Railway Industry VS Railway Construction Heavy Industry-shield machine patent comparison: China Railway Industry is absolutely leading.

From the comparison of global shield machine patents, as of October 2021, China Railway Engineering Equipment Co., Ltd., a subsidiary of China Railway Industry, ranked first in the world, with a total of 1044 shield machine patents, significantly more than the number of shield machine patents of China Railway Construction Heavy Industry.

Chart 5: Comparison of the number of shield machine patent applications between China Railway Industry and China Railway Construction Heavy Industry as of October 2021 (unit: one)

Note: The number of joint applications is not excluded.

5) Comparison of China Railway Industry VS Railway Construction Heavy Industry-Shield Machine Planning: The two have different emphases.

From the different points of shield machine business development planning between China Railway Industry and China Railway Construction Heavy Industry, the development of China Railway Industry pays more attention to the research and development of core parts and intelligent manufacturing of shield machines. The development of Railway Construction Heavy Industry focuses more on market deepening and innovation in Industry-University-Research.

Chart 6: Comparison of shield machine business development plans between China Railway Industry and China Railway Construction Heavy Industry

3. Comparison of China Railway Industry VS Railway Construction Heavy Industry-Shield Machine Business Performance: China Railway Industry has a leading revenue scale and Railway Construction Heavy Industry has strong profitability.

First of all, from the perspective of the company’s total revenue, the company size of China Railway Industry is much higher than that of China Railway Construction Heavy Industry. In 2020, the total revenue of China Railway Industry Corporation will be 24.292 billion yuan, while that of China Railway Construction Heavy Industry Corporation will be 7.611 billion yuan. Judging from the changing trend, the total revenue of China Railway Industry showed an obvious growth trend from 2018 to 2020, while China Railway Construction Heavy Industry fluctuated to a certain extent.

Chart 7: Comparison of total revenue between China Railway Industry and China Railway Construction Heavy Industry from 2018 to 2021 (unit: 100 million yuan)

In terms of shield machine business, according to the statistics of China Construction Machinery Industry Association’s Excavation Machinery Branch, in 2019-2020, China Railway Industry and China Railway Construction Heavy Industry’s sales revenue of roadheader business was higher than that of China Railway Construction Heavy Industry. In 2020, the total operating income of the roadheader business of China Railway Industry is 8.099 billion yuan, and the operating income of the roadheader business of Railway Construction Heavy Industry is 6.801 billion yuan.

Chart 8: Revenue comparison between China Railway Industry and China Railway Construction Heavy Industry Roadheader in 2019-2020 (unit: 100 million yuan)

Judging from the gross profit margin of TBM-related business of China Railway Industry and China Railway Construction Heavy Industry, the gross profit margin of TBM-related business of China Railway Construction Heavy Industry is higher than that of China Railway Industry from 2017 to 2020. In 2020, the gross profit margin of shield-related business of China Railway Construction Heavy Industry is about 36.9%, and that of China Railway Industry is about 28.8%.

Chart 9: Comparison of gross profit margin of shield-related business between China Railway Industry and China Railway Construction Heavy Industry from 2017 to 2020 (unit:%)

4. Forward-looking view: China Railway Industry is the "king of shield" in China.

In the shield machine industry, it is generally a business model of fixed production by sales, and the company’s shield machine output determines the company’s main market share. In addition, in terms of technology, the shield machine industry belongs to the high-end equipment manufacturing industry and has high technology-driven characteristics, so the technical level of the company’s shield machine is also the main factor affecting the competitiveness of the company’s shield machine. Based on the above analysis results, it is predicted that China Railway Industry has advantages in shield machine output, R&D investment and the number of technology patents, and is currently the "leader" of shield machine manufacturing enterprises in China.

Chart 10: Analysis results of "leading dispute" in shield machine manufacturing in China.

Please refer to Foresight Industry Research Institute for the above data and analysis. At the same time, Foresight Industry Research Institute also provides solutions such as industrial big data, industrial research, industrial chain consultation, industrial map, industrial planning, park planning, industrial investment attraction, IPO fundraising feasibility study, IPO business and technology writing, and IPO working paper consultation.