Topic: 60 years of classic China glory

Photo by Xu Kangping, Central Bank Building

　　In 1949, the people who had just been liberated were still "distrustful of the paper money issued by the government, and felt that the silver dollar was more useful". Sixty years later, the RMB has become the undisputed "hard currency" in Hong Kong people’s wallets.

　　At the beginning of the founding of New China, the employees of CCB Shanghai Branch "packed up their backpacks and went to the construction site" to provide on-site services for key projects such as Shanghai Steam Turbine Factory, and shuttled through boiling construction sites all day. Sixty years later, they supported a large number of municipal construction projects from the elevated expressway to the Huangpu River tunnel through bilateral loans and syndicated loans.

　　Even 20 years ago, many people still couldn’t tell the difference between "China People’s Bank" and "China Bank". Today, the slightest policy trend of the People’s Bank of China has become the focus of worldwide attention.

　　60 years is only a short moment in the long river of history. However, for China’s financial industry, it is a "one-size-fits-all". In the past 60 years, China’s financial industry has gone through the ups and downs with the historical wheel of the Republic, and has completed the vicissitudes of life from the beginning to the rise, sorting out the growth path of a financial power.

　　Banking articles from zero starting point to global reputation

　　On February 26, 2009, Beijing was warm and cold. "In 2008, the after-tax net profit of banking financial institutions in China was 583.4 billion yuan, an increase of 30.6% over the previous year. Total profit, profit growth and return on capital are among the best in the world. " Liu Mingkang, chairman of the China Banking Regulatory Commission, who came to the the State Council Information Office, was all smiles to Chinese and foreign journalists: "In the financial crisis, although China’s banking industry could not be immune to it, it was unique in the world!"

The insurance industry serves people’s production and life.

　　In the face of the global financial crisis, the outstanding performance of China’s banking industry comes from the solid foundation laid by continuous reform and development in the past 60 years.

　　On December 1, 1948, the People’s Bank of China was formally established, assuming the dual roles of central bank and commercial bank. Today, the total assets of the banking industry reach 73.7 trillion yuan, and there are more than 5,600 banking financial institutions in China, with the central bank as the core and a complete financial organization system of banking, securities and insurance; A financial market system with coordinated development of capital market, money market, gold market and futures market; And the financial supervision system with the structure of "one line, three meetings" has begun to take shape.

　　Since the reform and opening up, China’s macro-economy has experienced several obvious fluctuations, including inflation, overheating and deflation. Correspondingly, it has also undergone several major macro-controls. During this period, the monetary policy closely follows the pulse of economic development, taking corresponding changes in a timely manner, becoming increasingly flexible, prudent and targeted, and ensuring the smooth progress of economic ships.

　　The average capital adequacy ratio of less than 5% and the non-performing assets ratio of more than 25% were the current situation of China commercial banks in 1993. In 2002, the National Financial Work Conference pushed the reform of commercial banks onto the historical stage. ICBC, Bank of China, China Construction Bank and Bank of Communications successively went public and initially established a modern enterprise system. Non-performing loans in the banking industry decreased from 23.6% at the end of 2002 to 2.4% at the end of 2008. In the face of a foreign banker who was worried about the non-performing loans of China’s banking industry, a senior executive of the China Banking Regulatory Commission once said humorously to him: "You can safely drink the wine in the glass." "Going home during the holidays, have you got back all the wages earned by working?" "The money is in the card. We use the bank card now, which is much safer than carrying it with us." This is a conversation between Premier Wen Jiabao and a migrant worker at Beijing West Railway Station on the eve of the Spring Festival last year. It is through the special service of migrant workers’ bank cards that this young man realized his desire to earn money in other places and withdraw money at home. Today, the total circulation of bank cards in China exceeds 1.8 billion, and bank cards have become the most extensive and frequent non-cash payment tool for individual residents.

　　Securities articles move from childish ignorance to rational norms

　　If the 60-year magnificent course of China’s financial industry is a magnificent historical picture, then the birth and development of the capital market is undoubtedly one of the highlights.

　　On November 14th, 1986, Deng Xiaoping returned a stock of Shanghai Feile Audio Company as a gift to John Van Erling, then the chairman of new york Stock Exchange. At that moment, the international community exclaimed that "China shook hands with the stock market".

Growth chart of total assets of banks

Number growth chart of listed companies

　　The new China capital market is so immature: the first stock business counter opened in Shanghai in China has no computer and market display screen, and the transaction price determined by customers’ oral negotiation is written on the blackboard; The staff completes every procedure from delivery, registration, stamping to transfer by hand; The average daily transaction volume is only a few dozen.

　　Looking back, China’s capital market, which grew out of nothing and grew up in various criticisms and debates, has long since changed: the number of listed companies has grown from 14 at the end of 1991 to 1,628 at the end of July 2009, an increase of 115 times in 18 years. The total market value of Shanghai and Shenzhen stock markets is 23.5 trillion yuan, accounting for 95.4% of GDP in 2008, ranking third in the world in terms of market value.

　　Behind these figures, there are more profound changes: the quality of listed companies has improved steadily and become a new force to promote economic development. A large number of super-large enterprises related to the national economy and people’s livelihood, including China Petroleum and Industrial and Commercial Bank of China, have landed in the A-share market one after another. Institutional investors, including funds, social security and insurance funds, have gradually become the main force of the market. QFII and QDII have successively "rushed to the beach" and "went out to sea", becoming the link between the international capital market and the China capital market …

　　When "creating conditions for more people to have property income" entered the report of the 17th National Congress of the Communist Party of China for the first time, people found that the development of the securities market expanded residents’ investment varieties from early single savings to stocks, national debt, funds, warrants, futures and other financial management tools. China’s capital market has not only become a "barometer" and "engine" of China’s economic development, but also become an important channel for investors to share economic achievements and form a wealth effect.

　　Insurance articles from outshine others to a hundred flowers blossom.

　　At the end of June, 2008, Zhang Guangfa, a farmer in Yingxiu Town who suffered heavy losses in the Wenchuan earthquake, received more than 3,000 yuan from the insurance company. Like Zhang Guangfa, nearly 20,000 people affected by the disaster started their new production and life after receiving compensation totaling 1.66 billion yuan. A year later, the insurance industry in the disaster area achieved rapid development. From January to May this year, the growth rates of accident insurance in Deyang, Mianyang and Guangyuan reached 98.8%, 98.3% and 265.4% respectively.

　　The growth footprint of the insurance industry can be followed: it is born of hardship, and it is synchronized with economic development, national strength and people’s prosperity.

　　On October 20th, 1949, the 20th day after the birth of New China, the central government approved the establishment of China People’s Insurance Company, the only insurance company in China. Starting from this, China’s insurance industry embarked on an extraordinary journey: in the late 1950s, the national financial conference decided to "immediately stop domestic insurance business"; Until April 1979, the State Council made a major decision to "gradually restore domestic insurance business"-the insurance industry, which had been silent for 20 years, revived in the spring breeze of reform and opening up.

　　"In the early days of reform and opening up, insurance was still a new thing for most people, and even many people mistakenly thought it was selling safes." As an old insurer, Lao Zhongping of China People’s Insurance Company Jiangmen Branch basically witnessed the leap from birth to "standing" in China’s insurance industry: from the beginning, one company monopolized the world, and the total premium income was only 460 million yuan. By the end of 2008, there were 120 insurance companies nationwide, achieving a premium income of 978.4 billion yuan, exceeding the sum of the national premium income from 1980 to 1999, and the market scale increased by more than 2,000 times.

　　In the past, people’s impression of insurance was limited to the "family property insurance policy" that they had vaguely seen. Now, a car insurance policy of several hundred yuan can intensively make more than 10 services such as "24-hour claim settlement", "private car escrow" and "drunk driving".

　　Thirteen employees and several dilapidated offices were the only assets of China Ping An Insurance when it was established in 1988. In June 2009, Ping An Insurance, with assets of 750 billion yuan, bought Shenzhen Development Bank in a big way-20 years later, China insurance industry blew the horn of marching into the comprehensive financial kingdom …

　　(The photos in this edition are provided by the People’s Bank of China and the China Insurance Regulatory Commission except the signature) Chart production: Li Jinjie

Editor: Xu Guimei

Special feature of 1905 film network "The appearance is charming, the heart is very shrewd, and it is full of affection for the war."This is Alan Yu’s view of his role in the new drama "The Moon Shines on the Cold in the East of the River" — — Lin Fang’s summary.

If Alan Yu, who starred in The Legend of the New White Snake and to the sky kingdom, is a well-deserved "goddess in ancient costume", then Lin Fang is undoubtedly a different kind of "goddess in ancient costume": he is ill in appearance and black in heart, but he can’t do martial arts as a martial arts leader, and all kinds of settings are full of the feeling of anti-routine.

"My previous role may be a bit boring, and I don’t want to express many things, but this time I played the role of Lin Fang, who is sometimes very outgoing and confident, not quite like my life, so I really want to challenge it." Alan Yu said.

In the play, Lin Fang, played by Alan Yu, and Zhan Qinghong, the heroine played by Fair Xing, formed a "blooming CP", which was abused first and then sweet, and the sugar was off the charts. Outside the play, this "anti-routine" crew is also full of happy atmosphere. "Everyone is making trouble, eating snacks and joking every day."

In the dim eyes, Fair Xing, who is lively and outgoing, is the "funny person in charge" of the group. "Although she shoots very hard and has a lot of drama, she always tries to make everyone happy."

As for himself, Alan Yu calls himself "calmly responsible" — — I don’t take the initiative to tell jokes, but "the joke is very low", "it’s easy to be laughed at, and it’s that kind. Sometimes I tell a joke and step on my joke, and I will keep repeating it. This joke always makes me laugh."

During the hit of the drama series, "Alan Yu Crying" was on the hot search list. Netizens praised Alan Yu’s acting breakthrough. "There are several crying scenes in different situations, and there is resentment; Sad-hearted; Self-reproaching and remorseful; Emotional expressions are different, which makes people empathetic. "

Alan Yu admits that he is an experimentalist, and there is no skill in mobilizing emotions. He only has to devote himself wholeheartedly to the role. "I can’t make me cry through the stimulation of the outside world. I have to enter the role and feel the current emotions of the role."

Many people got to know Alan Yu through Happy Boys in 2013. He stood out from many good brothers such as Hua Chenyu, Oho Ou and Pax Congo. Although it was difficult to get together for seven years, everyone kept an eye on each other’s developments.

"Because everyone has a job, it is difficult for everyone to get together, but we have a group, and we will share news and tell some interesting things in the group. We may not meet each other, but our hearts are together … whoever has new works, new songs or new plays that need everyone’s support will be sent directly to the group, and then everyone will support them."

Looking back at the ten years of hard work in the entertainment industry, Alan Yu admits that his biggest growth is the progress in acting. From the beginning, he was stressed by his words, and now he can deeply understand the role and actively communicate with the director. "I started as an actor and felt that I grew up and began to think about many things."

As early as 2010, Alan Yu was the director of MV, and "being a director" has always been his dream since childhood. In his idea, he should direct a soft science fiction or literary film, but he dare not think about making a big film. He should first practice from one MV and learn from mature directors in one drama to accumulate experience.

Just like the transformation from "acting white" to "costume goddess", Alan Yu believes that down-to-earth dreams will come true.

The following is an interview record:

1905 movie network:What’s the role of Lin Fang in The Bright Moon Shines in the Cold of the East of the River? How is it different from your previous costume drama roles?

Alan Yu:The appearance is charming, the heart is very shrewd, and he is very affectionate towards the war. The biggest difference is that this role is a Wuling leader, but he doesn’t know martial arts at all. It’s my first time to play the role of this costume drama that doesn’t know any martial arts.

Because the role of my previous play may be a bit boring, that is, he is also a affectionate person, but he is unwilling to express many things. Then the role of Lin Fang, who plays this time, is sometimes very outgoing and confident, but it will not look like my life, so I really want to challenge this role when I see it.

1905 Movie Network: Which scene impressed me the most?

Alan Yu:The scene that impressed me the most so far is that Lin Fang was hanged by his adoptive father, that is, to kill Lin Fang. Then, during the filming of that scene, I talked a lot with the director because I needed to strangle the whole person and hang him. The director is a martial arts director, so he has high requirements for this kind of action drama, so we will discuss it together and say that it will really hang me, that is, there is a little distance from the ground, of course, under the condition of ensuring safety (not really hanging), this kind of real excitement will make you better experience the feeling of that role, and then feel quite satisfied when you see the broadcast picture.

1905 Movie Network: Your crying scenes in the drama are particularly touching. How to mobilize your emotions? Are there any skills?

Alan Yu:When I am ready to cry, I actually don’t have many ways. I can’t make me cry through the stimulation of the outside world. I have to enter the role, then feel the emotion of the role, and then imagine it.

1905 Movie Network: So you are an experiencer.

Alan Yu:Yes, for example, the previous scene was a particularly happy scene. After the filming, I would immediately stop talking to my colleagues and them. I just stood a little farther away and thought about the state of that role myself.

1905 Movie Network: Are there any small details designed by you on Lin Fang?

Alan Yu:In fact, there are some very small points. Because Lin Fang is a son, he is actually a relatively clean person. Then in some scenes, others grab his hand, and then Lin Fang will involuntarily (dislike). Because Wulin people don’t care about these things, because they often practice martial arts, and sometimes their hands may be a little dirty, and then Lin Fang will secretly wipe his hands after they hold them.

1905 Movie Network: This drama has both joyful and cruel parts. What is everyone’s state on the set?

Alan Yu:Everyone is really happier on the set, just making trouble every day, that is, everyone, because filming will be harder, so when not filming, everyone is eating snacks and joking. I quite like that state.

1905 Movie Network: Who is the funny guy?

Alan Yu:Funny, play Fair Xing and Xiao Xing, who are fighting Qing Hong.In fact, her personality is very outgoing, and she is a very lively girl. Then, when she was on the set, she filmed very hard, and there were many plays and heavy scenes, but she would try her best to relax everyone and make them happy.

1905 Movie Network: What do you think of yourself?

Alan Yu:Me, I should be calm.

1905 Movie Network: Is the punchline higher?

Alan Yu:My joke is very low, that is, it is easy to be teased, and it is that kind. Sometimes when I tell a joke and step on my joke, I will keep repeating it, and this joke will always make me laugh.

1905 Movie Network: You have appeared in many explosive costume dramas, and fans also call you "costume god". What do you think of this title? Do you feel that you have limited yourself?

Alan Yu:In fact, I won’t feel limited, and I will feel very happy. First of all, I am very grateful to you for your recognition of me, and then I hope I can take more different roles in the future and let you see different me.

1905 Movie Network: What role do you want to try most?

Alan Yu:Killer.

1905 Movie Network: Do you want to play the villain?

Alan Yu:Yes, not exclusive.

1905 Movie Network: What type does modern drama want to challenge most?

Alan Yu:I made a modern drama called "Young People" before, in which I played a welder who participated in the construction of Daxing Airport. It was also the first time to play the role of this skilled type of work. We had a special welding teacher in the crew to teach us, and we had to get started welding ourselves, which was quite a breakthrough.

1905 Movie Network: You also sang the theme song in this play. How do you balance the roles of actor and singer?

Alan Yu:In fact, I like both kinds of jobs, and then balance them, because there are more filming now, but I will post new songs every year, and then I will have an explanation with my fans, because I also took part in singing competitions before. Singing is a very relaxed state, whether it is recording or performing, it is more self-centered, and then acting is actually playing someone else.

1905 Movie Network: Many people know you through "Happy Boys" in 2013. Will you get together often recently? Talk about what?

Alan Yu:In fact, everyone has fewer chances to get together, that is, they can get together, because everyone has a job, and then they are often not in one place, but everyone has a group, sharing news in the group, and then telling some interesting things in it, that is, they may not meet, but their hearts are together. Sometimes I will share some funny jokes or videos, such as who has new works, who has new songs or new plays that need everyone’s support, and everyone will send them directly to the group, and then everyone will support them.

1905 Movie Network: You have been an MV director before. Do you want to make more attempts in directing?

Alan Yu:I think, because when I was young, I used DV to shoot things in primary school, and then I took pictures of my family, and then I took selfies. Every day, I took a tripod and DV to take selfies in various places, and then I took pictures of my friends around me.

1905 Movie Network: What kind of theme or genre would you direct a movie?

Alan Yu:Literary films, or soft science fiction, because I especially like science fiction films, and blockbusters are certainly difficult, and it is difficult to have opportunities.

1905 Movie Network: Which science fiction films do you like best?

Alan Yu:.

1905 Movie Network: What other preparations have you made to be a director?

Alan Yu:Every year when I send my own songs, I will shoot my own MV, then practice from these short and small films, and then peek at the monitor every time I shoot, and then see how the director schedules it.

1905 Movie Network: You have been in this circle for more than 10 years. What is your biggest growth?

Alan Yu:Growing up means starting filming, because filming is a job that I haven’t been exposed to before, and then I found out when I entered the crew that filming was so operating and so difficult. I think I changed since I became an actor, and I feel that I have grown up and started thinking about many things.

When I first joined the group, I was Xiao Bai, who knew nothing. My pressure is on memorizing words, that is, I can remember the words and I feel good when I say them smoothly. For example, there was my play the next day. The night before, I was crazy about reciting words, especially afraid of making mistakes the next day. Now, I will concentrate on analyzing the role, not to mention analyzing the role at first, and I can’t remember the words clearly and understand them. Now I will communicate with the director bravely.

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?

What kind of car can be called a heavyweight? I think that ordinary people can afford it and experience it well is definitely one of the standards, and it is such a car. The starting price of M03 has been officially confirmed to be no more than 135,900, and even if it finally comes to the market with a price of 128,800 or even lower, it is not impossible, while 150,000 can buy its middle and high-end models, which is very close to the people.

Comment on MONA M03 in Tucki:

Cheap car, distinctive design, and practical hatchback!

Advantages:

1. The price is affordable enough for most people.

2. Good driving comfort and leapfrog experience.

3. The wheelbase is 2815mm, and there is enough longitudinal space in the car.

4, the design has its own characteristics, and the rear of the car is especially beautiful.

5, the car experience is smooth, and there are small features.

Insufficient:

1. The head space in the back row is cramped

2. Advanced intelligent drivers can only expect the MAX version.

Drive beyond expectations

As for the affordable price, we talked at the beginning. As far as I know, there must be some surprises in the final listing price, so I also directly regard the price as one of M03′ s advantages. Based on this, let’s talk about the feeling of driving again, and there will be a basic reference standard. The price of 100,000 yuan, whether it is the former Wang, Wang, Wang, Wang, Wang, Wang, and Wang, or the popular Qin PLUS EV and Wang, will achieve the performance of compact family cars, and some of them have obvious shortcomings, and the performance of M03 is better than them.

If you want to experience it yourself, you can focus on three aspects: the feeling in the bumpy car, whether the brakes nod, and the noise performance when driving. These three excellent performances can make the comfort feel good.

In addition, L2-class driver assistance and automatic parking functions are standard, among which automatic parking has also successfully completed the parking of broken road parking spaces and no parking spaces in our experience, showing first-class performance (shown in the video above). As for driving assistance, it can’t be required by XNGP standards, but there will be a MAX version with stronger intelligent driving ability, which I believe will reflect the level close to the high-level XNGP.

Long wheelbase brings large space.

Tucki MONA M03 has a body size of 4780/1896/1445mm and a wheelbase of 2815mm, and its measurements are relatively conventional. However, the wheelbase is quite long in a compact car, which is finally reflected in the interior space. The rear leg space is also a medium-sized car, and the trunk space is comparable to that of a medium-sized SUV under the hatchback design.

It should be noted, however, that M03′ s slip-back design still has an impact on the rear head space, which makes adults feel a little cramped when riding, and at the same time, the rear seat height is too high, which is also a major reason for its limited head space.

The design has characteristics.

Some people say that the MONA M03 in Tucki is the best-looking A-class car, but my colleagues around me have objections. It is normal to have different views on the design, but we can agree that this car looks memorable, which is enough. You may not please everyone, but it is a successful design to make some people remember it.

Car experience is smooth.

In the previous static experience, we also specifically talked about some performances of the car. Generally speaking, it is silky enough to use. The large screen size is 15.6 inches, and the screen accounts for 88.5%. It has high brightness and high color reproduction. The 8155 chip is equipped with a large 16GB RAM. The hardware may not be top-notch, but the experience is very good.

On the other hand, the overall use logic of this car machine is the same as that of tablet and mobile phone, which is very easy to use, and the total menu level is only three layers, which is very convenient to use.

Summary: A good car that everyone can afford.

Last week, He Xiaopeng announced that the order for M03 exploded. In fact, when I learned about this car, I was not surprised that it would explode if it was sold at a price not higher than 135,900. This is an affordable product with excellent strength in all aspects. In fact, in addition to the above-mentioned comfort in driving, easy use of automatic parking, large space, unique design and smooth car experience, it also comes standard with CLTC 620km battery life and 15 minutes. Finally, MONA M03 in Tucki will be listed on the 27th, and interested friends can continue to pay attention to our report.

Can I buy a new energy vehicle with a battery life of more than 500km with a budget of about 100 thousand? The answer is yes. At present, its SUV has launched a 401km flagship version with a guide price of 89,800 yuan and a 510km flagship version with a guide price of 98,800 yuan. You can buy a pure electric SUV with a battery life of 500km for less than 100,000 yuan. Let me take you to understand this SUV and see how its products perform.

First of all, in terms of appearance design, Wuling Bingo SUV caters to the aesthetics of young people, and adopts the aesthetic design of controlling wind energy in modeling. The appearance of the vehicle reduces wind resistance while making the vehicle look more sporty. In addition, sharper body lines are matched with closed grille and L-shaped headlights, and the design of large-angle windshield, wind-blade front air curtain, aluminum alloy wind-breaking wheel hub, anti-upturned tail and suspended collision roof is added.

Wuling Binguo SUV has also made great efforts in the interior design of the most frequently contacted vehicles. In the car, the Wuling Bingo SUV adopts a large area of soft fabric, and the suede-covered seat is designed to fit the human body curve. The Wuling Bingo SUV provides a very comfortable ride experience while creating a soft touch in the car. The car is also equipped with a 6-way adjustable main driver seat, an 8.8-inch dashboard and a 10.1-inch central control display screen. The simple but not simple interior design can not only meet the user’s ride comfort, but also improve the design sense in the car.

On the other hand, the cockpit of Wuling Bingo SUV can provide users with plenty of space. Let’s take a look at its body size first. The length, width and height of Wuling Binguo SUV are 4090/1720/1575mm and the wheelbase is 2610mm, respectively. The lateral space utilization rate of Wuling Binguo SUV is as high as 78.4%, and it can provide a space with a length of 912mm between two rows of seats to ensure the user’s riding experience. The Wuling Binguo SUV has 23 storage spaces in the car, and the trunk space can reach up to 1450L, which can easily meet the various cargo needs of users.

In terms of power, Wuling Binguo SUV uses a 75kW three-in-one water-cooled flat wire motor with a peak value of 180N?m, which has abundant power output, and can also switch between three driving modes: economy, comfort and sport at will. Users can choose according to their personal travel situation. Under normal circumstances, it is no problem to choose the standard mode for daily travel. In addition, Wuling Bingo SUV is also equipped with Ling OS car system, which has rich software functions and supports language control, and can provide users with a good driving experience during driving.

In terms of battery life, Wuling Bingo SUV uses a high-capacity battery with a capacity of 50.6kWh, and the maximum cruising range can reach 510km. In addition, Wuling Bingo SUV is equipped with an efficient and intelligent thermal management system and intelligent energy management, and the battery life of 1 kilowatt hour can reach 10.1-10.6km. Combined with the fast charging function of 30%-80%, it can not only meet long-distance travel, but also be fearless of long-distance travel. The cost of Wuling Binguo SUV is very low, and the cost of 100 kilometers is less than that of 6 yuan, which makes users say goodbye to car anxiety.

This year’s market is really rolling, but looking at the new energy vehicles within 100,000, it’s really rare to see a car with a battery life of more than 500km, such as Wuling Bingo SUV. Besides, Wuling Bingo SUV has a good performance in appearance, interior, space, battery life and safety. If you are preparing to start a cost-effective pure electric SUV, you may wish to consider Wuling Bingo SUV, and I believe its product performance will not let you down.

　　[car home New Car Listed] On August 20th, the 400,000th complete car of Euler, the Good Cat Honorable Model, slowly rolled off the production line at Taizhou Smart Factory of Great Wall Motor. At the same time, the 2023 Good Cat/Good Cat GT Honorable Model was officially listed.the formerThe price range is 149,800-165,800 yuan, and the latter is 153,800 yuan.Both models are products created by Euler and users, which have improved speed-up, climbing ability and quietness. The official will provide limited-time cash discount of 20,000 yuan for car buyers. At the same time, users who buy the honorable cat will enjoy the V2L external discharge function worth 2,999 yuan free of charge, and users who buy the honorable cat GT Mulan version will enjoy a 50% discount on the optional package of intelligent assisted driving. Please see the following table for the detailed model price:

"Euler’s 400,000th vehicle rolled off the assembly line"

　　The Euler brand was founded in 2018, and the 400,000th vehicle rolled off the assembly line in five years. At present, the repurchase rate of Euler users exceeds 26%, the referral rate exceeds 31%, and female users account for 75%. In the era of brand 2.0, Euler has strengthened her determination and confidence to deeply cultivate women’s car tracks, and will also give women "true love", including "brand upgrade" from China Euler to the world Euler, "technology upgrade" from cost performance to warm technology, "service upgrade" from platform system to exclusive system, and "user upgrade" from young girls to big women. Euler has built a 1080-degree women’s safety architecture around women’s needs-"warm technology", that is, 360 basic safety+360 intelligent safety+360 health safety.

　　In addition to the newly listed models, all models of Euler have certain limited-time cash discounts and gift packages during August 1 -31, 2023. Among them, the 2023 Good Cat and Good Cat GT have a cash discount of 22,000 yuan, and the lightning cat has a maximum discount of 42,700 yuan. The 2023 Euler Ballet Cat provides users with basic traffic free for life, entertainment traffic free for 2 years, three-power lifetime warranty (the first individual non-operating car owner), and vehicle warranty for 4 years or 150,000 kilometers.

● New car features

　　(|) The retro futuristic design concept is adopted, and the rounded lines on the front face are matched with oval light groups and three-stage air intakes, which looks very exquisite. At the same time, the raised ribs on the front hatch cover also appropriately enhance the sporty atmosphere of this car. From the side of the car body, the front fender of the car is equipped with a charging socket, and the shape of the front and rear fenders also uses some wide-body designs. In terms of the tail, the unique taillight shape and license plate area shape of the car enrich its visual layering at the tail.

　　As for the interior, Good Cat is designed with a hood and equipped with a 7-inch instrument. The 10.25-inch central control touch LCD screen supports CarPlay and Hicar mobile phone interconnection mapping, and has the functions of voice recognition system, 4G/5G network, Wi-Fi hotspot and so on, and supports OTA upgrade. Stylish through air conditioning air outlet and dual-spoke multi-function steering wheel make this car look more exquisite.

　　In terms of configuration, tire pressure monitoring, single pedal mode, automatic parking, uphill assistance, 360-degree panoramic image, rear parking radar, keyless start and entry, remote start, Bluetooth key, and rain-sensing wiper are all standard.

　　In terms of power, Good Cat is equipped with a permanent magnet/synchronous motor with a maximum power of 143 HP (105kW) and a peak torque of 210 Nm. The battery pack has various specifications including Guoxuan Hi-Tech and Honeycomb Energy, Ferrous lithium phosphate and ternary lithium battery, etc. The cruising range of CLTC is divided into 401km and 501km. Fast charging takes 30 minutes to charge the battery from 30% to 80%, and slow charging takes 8 hours to fully charge.

　　At the Shanghai Auto Show, the 2023 Euler Good Cat GT Mulan Edition was officially launched, and the appearance was equipped with a round headlight group. The cute design style can win the favor of many female users.

　　The interior adopts 7-inch full LCD instrument panel +10.25-inch central control panel, which supports voice interaction, multimedia entertainment and even Tik Tok and iQiyi. In addition, the car also supports OTA vehicle remote upgrade service and mobile App remote car control, in which remote car control can realize electronic fence, intelligent car search and other functions.

　　In terms of configuration, tire pressure monitoring, single pedal mode, automatic parking, uphill assistance, 360-degree panoramic image, rear parking radar, cruise control, keyless start and entry, remote start, Bluetooth key, rain-sensing wiper and external discharge are all standard.

　　In terms of power, Good Cat GT is equipped with a motor with a maximum power of 135 kW and a maximum torque of 250 Nm. It is equipped with a 47.8kWh lithium iron phosphate battery with a cruising range of 401km. In terms of charging, the slow charging time of the car is 8 hours, and the fast charging (the power is from 30% to 80%) takes 30 minutes.

● Edit Comment:

　　In recent years, Euler has continuously deepened the female user market and formed a "cat family" product matrix. From a cute little cat to a retro ballet cat and a coupe-style lightning cat, Euler meets the different preferences of female users with diversified layout and adheres to the differentiated brand route. The good cat honor model listed tonight is a work with both cost performance and face value based on market demand, which will continue to satisfy users and help the sales of the good cat family to further increase. (Text/car home zhang xiaodan)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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%).

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.

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.

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.

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.

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%.

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.

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.

Chery Land Rover made in China found that the new sports car appeared strongly, with a starting price of 356,800 yuan, which kept the price similar to the old one.

This model equipped with 2.0T turbocharged light mixing system is extremely cost-effective, and it has entered the battle with a brand-new look, challenging the existing competition pattern in the market and forming a close situation with Toyota Highlander.

With its young and dynamic design concept, the new generation Discovery Sports Edition directly hits the preferences of young consumers. The car’s face value and design language all show a keen insight into the trend, rich color matching options and comprehensive upgraded performance, making it more attractive in the market. In addition, even in the price range of 250,000, it is found that the interior texture of the sports version still maintains the first-class level of luxury medium-sized SUVs, surpassing many second-tier luxury brands and showing strong competitiveness.

For today’s young car buyers, there are many market choices, but Chery Land Rover found that the sports version has become a popular choice in their hearts with its brand strength and excellent performance. Although the maintenance rate of the used car market is not high, the reasonable adjustment of the new car price makes it perform quite well in terms of cost performance and competitiveness, providing consumers with more benefits and choices.

Generally speaking, the domestic Chery Land Rover found that the new sports car provides excellent car buying experience for consumers with its competitive price and performance, and it is an ideal choice for young consumers who are pursuing a high-quality life.

　　On August 20th, China Internet Network Information Center (CNNIC) released the 42nd Statistical Report on Internet Development in China. As of June 30, 2018, the number of netizens in China reached 802 million, and the Internet penetration rate was 57.7%.

　　The amount of basic resources has increased steadily, and the application of resources has maintained a growing trend.

　　As of June 2018, the number of IPv6 addresses in China was 23,555 /32, an increase of 0.53% in half a year. Since the release of the Action Plan for Promoting the Scale Deployment of Internet Protocol Version 6 (IPv6) in November 2017, China’s operators have basically been able to support IPv6 at the network level, and are promoting the transformation from network capability to application popularization. China’s international export bandwidth is 8,826,302Mbps, with a half-year growth rate of 20.6%. Internet users have faster Internet access, better quality of cross-border roaming calls and better network quality. At the same time, mobile Internet access traffic and the number of apps both achieved significant growth in the first half of 2018.

　　The number of netizens in China exceeds 800 million, and the popularization of the Internet has achieved remarkable results.

　　As of June 2018, the number of netizens in China reached 802 million, and the Internet penetration rate was 57.7%. In the first half of 2018, there were 29.68 million new netizens, an increase of 3.8% over the end of 2017; The number of mobile phone users in China is 788 million, and the proportion of netizens accessing the Internet through mobile phones is as high as 98.3%. China’s Internet infrastructure construction has been continuously optimized and upgraded, and network poverty alleviation has become a way of precise poverty alleviation. The steady implementation of the policy of speeding up and reducing fees has promoted the significant growth of mobile Internet access traffic, and network information services have developed in the direction of expanding network coverage, increasing speed and reducing fees. Transportation, environmental protection, finance, medical care, home appliances and other industries have deepened their integration with the Internet, and Internet services are characterized by intelligence and refinement.

　　The utilization rate of Internet financial management has improved significantly, and the market has developed in a standardized and orderly manner.

　　The utilization rate of Internet wealth management in China increased from 16.7% at the end of 2017 to 21.0% in June 2018, and the number of Internet wealth management users increased by 39.74 million, with a half-year growth rate of 30.9%. The scale of Internet wealth management users in China continues to expand, and netizens’ wealth management habits are gradually cultivated. The asset management business breaks the rigid redemption to effectively reduce the business risks of financial institutions and reduce regulatory arbitrage. At the same time, it further promotes institutions to actively improve their management capabilities and accelerate the transformation of Internet capital-guaranteed wealth management products into net-worth wealth management products. The slowdown in the issuance of money funds has promoted the development of the Internet financial management market in a reasonable and standardized direction.

　　The integration of e-commerce and social applications has deepened, and the usage rate of mobile payment has maintained growth.

　　As of June 2018, online shopping users and users who use online payment accounted for 71.0% of the total netizens in China, and online shopping and Internet payment have become applications with a high proportion of netizens. On the one hand, e-commerce, social applications and digital content are integrated with each other, and the social e-commerce model has expanded e-commerce business. On this basis, e-commerce has maintained a stable development as a whole, playing an important role in coordinating supply-side structural reforms, stimulating employment, and helping rural revitalization; On the other hand, the vast majority of payment institutions are connected to the Internet, which improves the transparency of funds and the security of online payment, and the proportion of mobile payment users reaches 71.9%.

　　Internet entertainment has developed healthily, and short video applications have risen rapidly.

　　In the first half of 2018, the demand for online entertainment market was strong, and corresponding policies were introduced to encourage and guide the healthy development of Internet entertainment ecology. Original works of online music have been supported, users of online literature have diversified reading methods, and the trend of diversification of online game types and quality of game content is obvious. Short video applications have risen rapidly, and 74.1% of netizens use short video applications to meet the fragmented entertainment needs. At the same time, the content of online culture and entertainment has been further standardized, the copyright environment of online music and literature has been gradually improved, the illegal content in online games has been rectified, the video industry has built a content-centered ecosystem, and the live broadcast platform has entered a stage of refined operation.

　　Shared travel users grew rapidly and market resources were further integrated.

　　In the first half of 2018, 30.6%, 43.2% and 37.3% netizens used bike-sharing, reserved taxis and reserved special cars/express trains respectively, and the number of users increased by 11.0%, 20.8% and 26.5% respectively compared with the end of 2017. The bike-sharing market has returned to the multi-strong competition pattern from the top two at the end of 2017. Bicycle companies have tried to expand their revenue sources in various ways and started to provide deposit-free services to avoid risks. Cross-border integration has occurred in the network car industry, and platform enterprises have made a comprehensive layout around the field of travel services, starting from a single business to a platform-based ecological expansion.

　　Nearly 60% of netizens use online government services, and the intensive process of government websites has accelerated.

　　As of June 2018, the number of online government service users in China reached 470 million, accounting for 58.6% of the total netizens, and 42.1% of netizens obtained government services through Alipay or WeChat city service platform. First of all, the government actively introduced policies to promote the online development of government affairs, break through information barriers, build an integrated online service platform for the whole process, and build a service-oriented government that the people are satisfied with; Secondly, the degree of intensification of government websites at all levels has improved significantly, with a total of 19,868 government websites nationwide, a decrease of 70.1% compared with the first census in 2015; Finally, party and government organs and mass organizations at all levels actively use Weibo, WeChat, client and other new media to release government information, respond to social concerns, promote collaborative governance, and constantly improve the level of local government information disclosure and online service.

　　Important progress has been made in emerging technologies in the information field, and industrial applications have been steadily advanced.

　　In the first half of 2018, China’s emerging technologies in the information field, such as quantum information technology, communication between heaven and earth, brain like computing, artificial intelligence, supercomputers and industrial Internet, developed well. China has a layout in quantum chips, quantum programming and quantum software. The integration process of information network between heaven and earth has been accelerated; Brain like computing chip products with independent intellectual property rights were launched; Artificial intelligence online retail stores, family and children’s education, old-age care, housework, medical health, investment risk control and other scenarios quickly landed; Supercomputers have made breakthroughs in self-control, peak speed, continuous performance and green indicators; Enterprise information systems have further migrated to cloud platforms, and industrial Internet platforms have developed rapidly.