On August 28, China Evergrande announced on the Hong Kong Stock Exchange that Evergrande’s agreement arrangement meeting will be postponed for 29 days to September 26. Before that, China Evergrande said that the agreement arrangement meeting scheduled for August 23 will be postponed to August 28.

On the same day, China Evergrande resumed trading on the Hong Kong Stock Exchange, and the intraday share price fell by more than 90%. As of the close, China Evergrande’s share price was HK $0.34, falling below HK $1 and becoming a penny stock.

Image Source: Oriental Fortune

Agreement to postpone the meeting

According to China Evergrande’s announcement, the company has decided to extend the period for Evergrande Agreement Arrangement creditors to consider, understand and evaluate the terms of Evergrande Agreement Arrangement, and to give Evergrande Agreement Arrangement creditors more time to consider the recent development of the Group. Therefore, the Evergrande Agreement Arrangement Meeting will be postponed for 29 days to September 26. In order to keep the schedules of Evergrande Agreement Arrangement, Jingcheng Agreement Arrangement and Space-based Agreement Arrangement as consistent as possible, the Jingcheng Agreement Arrangement Meeting and the Space-based Agreement Arrangement Meeting will be postponed for 28 days to September 25.

The Hong Kong Evergrande Class A Agreement Arrangement Meeting will be postponed to September 26, 2023 at 8:00 pm (Hong Kong time) (i.e. 7:00 am Cayman Islands time). The Hong Kong Evergrande Class C Agreement Arrangement Meeting will be postponed to September 26, 2023 at 9:30 pm (Hong Kong time) (i.e. 8:30 am Cayman Islands time) (if later than the aforementioned time, after the conclusion of the Cayman Islands Evergrande Class A Agreement Arrangement Meeting).

The Cayman Islands Evergrande Class A Agreement Arrangement Meeting will be postponed until 8:45 pm (Hong Kong time) on September 26, 2023 (i.e. 7:45 am Cayman Islands time) (if later than the aforementioned time, after the conclusion of the Hong Kong Evergrande Class A Agreement Arrangement Meeting). The Cayman Islands Evergrande Class C Agreement Arrangement Meeting will be postponed until 10:15 pm (Hong Kong time) on September 26, 2023 (i.e. 9:15 am Cayman Islands time) (if later than the aforementioned time, after the conclusion of the Hong Kong Evergrande Class C Agreement Arrangement Meeting).

The meeting will be postponed until 9:00 am (British Virgin Islands time) on September 25, 2023 (i.e. 9:00 pm Hong Kong time).

The Space-based Agreement Arrangement Meeting will be postponed to 8:00 pm (Hong Kong time) on September 25, 2023.

Evergrande Group believes that, despite the postponement of the Agreement Arrangement Meeting, the timetable for the proposed restructuring is still in line with the Agreement Arrangement creditors’ expectations for the implementation of the proposed restructuring, given that the current deadline is December 15, 2023.

Shares resume trading on the Hong Kong Stock Exchange

On August 28, China Hengda resumed trading on the Hong Kong Stock Exchange, the intraday share price fell by more than 90%, and the market value evaporated by nearly 20 billion Hong Kong dollars.

Wind data show that China Hengda shares closed at HK $1.65/share before the resumption of trading, with a market value of HK $21.80 billion.

On the evening of August 25, China Evergrande announced that it will resume trading on August 28. So far, all three listed companies in the Hengda department have completed the resumption of trading.

On August 27, China Evergrande released its 2023 semi-annual report. Revenue in the first half of 2023 was 128.20 billion yuan, an increase of 44% year-on-year, and the total net loss was 39.25 billion yuan.

Data show that Evergrande’s total liabilities decreased slightly to 2.3882 trillion yuan from the end of last year, excluding the advance payment of the debt is 1.7842 trillion yuan. Among them, interest-bearing loans 624.80 billion yuan, engineering materials and other payables 1.0566 trillion yuan, other liabilities 102.90 billion yuan. As of June 30, China Evergrande’s land reserves reached 190 million square meters, and there were 78 old renovation projects (34 in Shenzhen).

It is worth noting that according to the 2022 annual report released by China Evergrande recently, China Evergrande’s revenue in 2022 was 2300.7 billion yuan, the total net loss was 125.81 billion yuan, and the cumulative sales refund for the year was 35.79 billion yuan. The total liabilities in the 2022 statement were 2.43741 trillion yuan. In terms of land reserve, as of the end of 2022, China Evergrande had a land reserve of 210 million square meters.

According to China Evergrande, since its operating difficulties began in September 2021, Evergrande has promoted the full resumption of work on nearly 700 projects and the maintenance of buildings.

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Original title: "More than 90% down! Evergrande sudden announcement"

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　　Driven by the growing trend of mobile phone screens, it seems that all electronic products are racing towards the road of "big and thin". Therefore, after 5-inch brilliance, portable navigation turned to 7-inch in 2012 without hesitation. Under the leadership of the first-line brand Ren Waiyou, GPS manufacturers have continuously launched 7-inch large screens to seize the market, and Chinese consumers who are used to buying big things are also happy to enjoy the great happiness brought by large screens. Today, I will recommend several first-line brands’ 7-inch boutique navigation for you to see if there is any "dish" for you?

　　Let Me Travel N710

　　Operating system: WinCE6.0

　　Memory: 128M

　　Positioning accuracy: 10m

　　Screen: 7 inch high definition touch screen, resolution: 800 * 480

　　Map: New map of 4D map

　　N710 screen has 480 * 800 high definition resolution, clear and comfortable screen brightness with 7-inch screen presents clear traffic information and navigation information, while the 7-inch screen also makes the N710 UI interface more outstanding, whether it is the boot interface or 3D real scene, service area Kanban, dynamic lane display and other functions have been perfectly presented to the greatest extent, especially after the enhanced version of the software, its various path planning functions, more comprehensive high-speed distance, ordinary road distance, traffic lights number, total driving distance, estimated driving time and other navigation indicators, for the owner to plan a shorter distance, high-speed priority, ordinary priority and recommended routes and other driving routes, forming a high-value driving recommendation scheme.

　　In terms of query and navigation functions, the N710 brings a leisurely experience to car owners. The "seckill" query function ensures that the N710 has unlimited search in unlimited areas and categories across the country. Whether it is WEB query, vague query, point of interest query or house number query, the 7-inch wide screen can fully display the query information, and then present a more concise and intuitive perfect navigation route, making driving more leisurely.

　　In addition to inheriting the powerful functions of the N series, the Renwoyou N710 also has excellent expansion functions. By reserving the AV-IN interface in the product design, the integration of navigation with electronic dogs, driving recorders, reversing rear view and other devices is realized, which fully meets the various needs of car owners during driving and provides them with a safer driving life.

　　Editor’s comment:As a leading brand of domestic navigation, each product is firmly established in the navigation market with its high-level and demanding style. This is the case with the N710 recommended for everyone. While the navigation function meets the needs of consumers, the enhanced software and expanded functions help users effectively cope with new traffic regulations and avoid severe penalties.

　　Freelander D70

　　Operating system: WinCE6.0

　　Memory: 128M

　　Positioning accuracy: 10m

　　Screen: 7 inch high definition touch screen, resolution: 800 * 480

　　Map version: Daodaotong map

　　The D70 Freelander uses the Daodaotong 3D navigation system, and the navigation map data covers the whole country, of which the number of POIs reaches 24 million, the road network reaches 3.24 million kilometers, has 350,000 electronic eyes, and 2,000 upgraded service points.

　　Due to the use of 3D navigation system, Freelander supports 3D real-life navigation. Its 360,000 3D intersection enlarged map can cover all cities in the country, providing the best 3D stereo vision. Don’t worry about complex intersections. At the same time, it provides dual-screen interface display, which has fuzzy search, point of interest search and other methods in query, and supports handwritten input. Built-in 4G, supports TET card expansion

　　In addition to professional navigation functions, the Freelander D70 also offers a wide range of entertainment features, including MP4/AVI and other video formats. It also supports FM transmission, allowing car owners to play the car audio through the car radio with the car stereo. A variety of puzzle games are also installed in the machine.

　　Editor’s comment:Freelander D70 has a 7-inch high definition large screen display effect is good, while 500,000 fixed electronic eye data can ensure the safety of road warning, in the map upgrade, Freelander provides consumers with a lifetime free upgrade map and hardware three years quality assurance and other after-sales services.

　　DECZhongheng M7TV

　　Operating system: WinCE6.0

　　Positioning accuracy: 10m

　　Memory: 128M

　　Screen: 7-inch ultra-high definition touch screen, resolution 800 * 480

　　Map: Kailid 3D Real Map

　　DEC Zhongheng M7TV has excellent appearance and workmanship, and adopts the function of international first-class IML piano paint, while the 7-inch VGA ultra-high definition LCD touch screen has a resolution of 800 * 480 pixels, and implants 100Hz/120Hz double speed technology to completely bid farewell to the picture trailing phenomenon.

　　In terms of navigation, DEC Zhongheng M7TV adopts professional navigation maps, with detailed map information for large, medium and small cities. It supports real-life voice navigation and automatic smooth switching. The navigation information includes intersection turning prompts and point-to-point itinerary scheduling. Adopting the latest generation of SIRF star search navigation module in the United States, it can provide fast and accurate positioning, fast response, hot and cold start. At the same time, it has a built-in high-sensitivity GPS receiver group and antenna to accept satellite signals and locate faster and more accurately. Support personalized function settings, such as "multi-country voice settings, backlight adjustment, power management, coordinate adjustment, etc.".

　　Editor’s comment:The overall quality of DEC Zhongheng M7TV is good, whether it is navigation function, map information, etc., it is very powerful and complete. At the same time, DEC Zhongheng M7TV also tailor-made FM FM transmission function for the car, which can quickly and easily realize the connection between the digital player and the car stereo. And supports Bluetooth function and wireless reversing rear view

　　HUAFENG e LH700

　　Operating system: WinCE6.0

　　Memory: 128M

　　Screen: 7-inch high definition LCD touch screen, resolution 800 * 480

　　Map: Daodaotong 3D Real Map

　　The 7-inch TET large screen of the Huafeng e-Luhang LH700 gives people the feeling that it is first and foremost atmospheric and decent, with a resolution of 800 x 480 allowing navigation information to be clearly displayed.

　　In the navigation function, the first efficient positioning star search makes it only 13 seconds to complete the positioning when entering the navigation. On speed-limited sections, schools, traffic lights, and accident-prone sections, its fixed electronic data can be broadcast in advance to effectively avoid fines. And its unique Eagle Eye function allows car owners to grasp the itinerary in advance and modify the route in time. Daodaotong 3D real map provides a rich real map for Huafeng e-LH700, making it more three-dimensional and intuitive during navigation.

　　At the same time, Huafeng e-Luhang LH700 also supports MP3, video playback, FM transmission, e-book and other entertainment functions.

　　Editor’s comment:Huafeng e-Luhang LH700 has a lot of user-friendly design in function, such as its intelligent switch function, when the car starts, it will turn on the navigation, turn off the flame and automatically switch to power-saving sleep mode. In terms of after-sales services, Huafeng e-Luhang’s E-baby service center, which can solve various problems online, and there are more than 300 joint insurance points across the country to provide consumers with perfect services for purchasing machines.

guideThe car has lost more than 110 billion in 5 years.

Source |Hengda Automobile Announcement, Financial World, Securities Times, Daily Economic News

According to Hengda Automobile’s announcement, Newton Group’s strategic investment has been terminated, and the company’s previously proposed transactions and amendments to the terms of the debt-to-equity swap have not made any further progress.

Evergrande Motor said that it will not hold a shareholders’ meeting for approval and will not publish any circulars relating to, among other things, the Special Mandate, the Newtown Group share purchase agreement, the proposed transaction, the wash waiver, the proposed amendment, the debt-for-equity subscription agreement, the offset agreement and the debt-for-equity swap. The company will no longer issue further monthly announcements on the proposed transaction and the progress of the debt-for-equity swap.

As the Share Subscription is no longer in progress, the Subscriber is under no obligation under Rule 26 of the Takeovers Code to make an unconditional mandatory general offer in respect of all outstanding Shares which it and persons acting in concert with it have not yet owned or consented to acquire. The Company will not apply to the Executive for his consent to the Special Deal.

In August 2023, Hengda Auto and strategic investor Newton Group signed an agreement. The main content of Newton Group’s share purchase agreement is that Newton Group implements a strategic investment of about 500 million US dollars in Hengda Auto and provides 600 million yuan in transition funds; the debt-to-equity swap agreement means that Hengda Group, Xu Jiayin and other creditors offset the 20.895 billion Hong Kong dollar debt owed by Hengda Auto by subscribing for new shares of Hengda Auto. Assuming that the debt-to-equity swap of new energy vehicles is completed and followed by the completion of the subscription of new energy vehicle shares, China Evergrande’s shareholding ratio in Evergrande Automobile will be diluted to about 46.86%, Evergrande New Energy Automobile will no longer be a non-wholly-owned subsidiary of China Evergrande, and its financial performance will no longer be comprehensively accounted for in China Evergrande’s performance.

In October 2023, the transaction was suspended, and Evergrande announced that Newton Group had suspended the implementation of relevant obligations in the share purchase agreement. The change in the transaction was directly related to the exposure of "Xu Jiayin was subject to coercive measures" at that time, which interrupted the process of Hengda’s dollar debt restructuring, which in turn caused Hengda to fail to meet the pre-conditions of the transaction.

In January 2024, Evergrande announced that the Newtown Group’s share purchase agreement and the company’s debt-for-equity swap subscription agreement for Evergrande had expired on December 31, 2023. At that time, Evergrande responded that the parties to the Newtown Group’s share purchase agreement and debt-for-equity swap subscription agreement, as well as certain stakeholders, have been and will continue to negotiate amendments to certain key terms of the proposed transaction and debt-for-equity swap. The company will make monthly announcements until it announces its exact intention to proceed with the proposed transaction and debt-for-equity swap or decides not to proceed with the proposed transaction and debt-for-equity swap.

Evergrande’s "life-saving money"

Newton Group’s strategic investment in Hengda Automobile is regarded by public opinion as "life-saving money" for Hengda Automobile.

On August 14, 2023, Hengda Automobile announced that it received the first strategic investment of 500 million US dollars from the listed company Newton Group (NWTN.US), which is held by the sovereign fund of the United Arab Emirates, and another 600 million yuan of RMB transition funds will be received one after another 5 working days after the announcement.

The proposed transaction between the two parties is expected to close in the fourth quarter of 2023. Upon completion of the transaction, Newton Group’s shareholding ratio in Evergrande will account for 27.5% of the total number of issued ordinary shares after the expansion.

However, the deal is subject to 19 preconditions, including the entry into force of the China Evergrande workout and the absence of material adverse events.

The car has lost more than 110 billion in 5 years

According to Hengda Automobile previously disclosed that all the funds invested in this war will be used for Hengda Automobile’s Tianjin factory to ensure the normal production of Hengchi 5 and the successive mass production of Hengchi 6 and 7. In addition, Newton Group will also assist Hengda Automobile to develop overseas markets and achieve the annual export of 30,000-50,000 Hengchi vehicles to the Middle East.

In 2023, Hengda’s total revenue is 1.34 billion yuan, of which more than 1.10 billion yuan comes from property sales, accounting for more than 90% of the overall revenue.

Hengda Automobile lost 11.995 billion yuan last year (27.664 billion yuan in 2022). Statistics show that Hengda Automobile has been building cars for 5 years, with a cumulative loss of 110.841 billion yuan and a cumulative delivery of 1389 units.

As of the end of last year, Hengda’s total assets 34.851 billion yuan; total liabilities 72.543 billion yuan, of which, loans 26.484 billion yuan, trade and other payables 43.012 billion yuan, other liabilities 3.047 billion yuan.

As of the end of last year, Hengda Automobile was involved in the outstanding debts of about 9.447 billion yuan; on December 31, 2023, the group’s overdue commercial tickets accumulated about 3.401 billion yuan. In addition, the number of pending proceedings with a target amount of more than 30 million yuan totaled 68 pieces, and the total amount of the target amount totaled about 13.608 billion yuan.

With the official launch of Geely Galaxy L7, Geely Galaxy’s exclusive retail system has also been updated.

On June 5, the "Opening Ceremony of Geely Galaxy 100 Stores" was held in Xi’an. On this day, 225 exclusive Geely Galaxy stores opened simultaneously in multiple cities, reaching users across the country at "Galaxy Speed".

It is expected that within this year, Geely Galaxy will achieve a channel scale of 650-700 exclusive stores.

According to reports, Geely Galaxy has adopted a new channel ecosystem of compound franchise authorization for its new retail system.

In terms of agency distribution system, Geely Galaxy fully empowers dealers in talent management, service standards, and digital operations, and jointly builds user centers (4S stores), experience centers (city exhibition halls), and display spaces (supermarket stores) with partners to create a more transparent car purchase environment and a more efficient and convenient car purchase experience for users. At the same time, Geely Galaxy will set up a number of brand centers (4S stores) in the CBD areas of first- and second-tier cities such as Hangzhou, Shanghai, Shenzhen, and Guangzhou.

At the same time as channel innovation, Geely Galaxy has created new service standards around users.

In terms of store management, Geely Galaxy has developed a unified and rigorous service management system, and has comprehensively improved service standards through regular training and assessment, service quality evaluation, and in-store counseling.

At the talent level, Geely Galaxy formulates expert development plans such as test drive experts, experience experts, and delivery experts, and provides corresponding professional services for users at different stages of car purchase in the store. At the same time, 100% full-staff advanced training is used in store talent training to form high-standard service quality from the source of talents, and eliminate the chaos of "unprofessional and poor attitude".

At the daily operation level, considering the pain points of high communication cost and asymmetric information in the traditional 4S model, Geely Galaxy specially created a "digital exhibition hall" to connect the full link of user car purchase by digital means, and realize the double improvement of service efficiency and user experience. Users can skip the annoying bargaining process and place orders directly through the online payment platform to visually track the status of the vehicle anytime, anywhere.

At present, the first model of Geely Galaxy series, Geely Galaxy L7, has been fully launched in major exclusive stores, achieving "delivery on the market".

In addition to the Geely Galaxy L7, this year’s Geely Galaxy series will also launch new models including the intelligent electric hybrid car L6 and the pure electric model E8, which will continue to bring high-value travel experiences to users.

On December 1, Lynk & Co officially announced that the 2021 Lynk & Co 01 was officially launched. The new car launched a total of 5 models, priced at 17.98-22 2,700 yuan. It is worth mentioning that the new car, as a mid-term model, has not only adjusted its appearance accordingly, but also launched a hybrid model to meet the diverse needs of consumers. In this regard, Lin Jie, vice president of Geely Automobile Group and general manager of Lynk & Co Auto Sales Company, said on the spot: The new Lynk & Co 01 is the most valuable SUV within 300,000 yuan.

In addition, Lynk & Co officially launched the "European Plan" on the occasion of the fourth anniversary of the brand, and the new Lynk & Co 01 will also be launched in China and Europe simultaneously. Recently, the first offline experience store in Europe has opened in Amsterdam; at the same time, Lynk & Co is also actively promoting the layout of Asia Pacific and other international markets.

Focusing on the product, in terms of appearance, it can be found that the Lynk & Co 01 has continued the current shape as a whole, and the split headlight group design that is most well received by consumers has also been continued. It is worth mentioning that the new car has also changed the internal filling method of the front air intake grille to dot matrix filling, which further enhances the visual tension and three-dimensional sense, and integrates well with the lower half of the headlight group, doubling its youthful feeling. In addition, the new car has also optimized the bumper shape to a certain extent, making it look simple and beautiful.

From the side of the car, it can be found that the new car has added a side skirt with a metallic texture, and has been replaced with a 20-inch wheel hub. With a hidden A/B column design and a two-color body, the new car presents a sense of movement and vitality that is more in line with the aesthetics of today’s young consumers.

In terms of size, the length, width and height of the new Lynk & Co 01 are 4549/1860/1689mm respectively, and the wheelbase is 2734mm. Compared with the current model, the length is increased by 37mm, the width is increased by 3mm, and the height and wheelbase remain unchanged.

Entering the car, you can find that the internal changes of the new car are more obvious. The new Lynk & Co 01 adopts a new family design similar to the style of Lynk & Co 05. Whether it is a 12.7-inch multimedia touch screen, or a 12.3-inch full LCD instrument panel and a two-color three-frame multi-function steering wheel, it further enhances the youthful feeling of the car. In addition, the air-conditioning control area below the central control screen has also been significantly optimized to make the overall operation more convenient.

It is worth mentioning that the 12.7-inch large screen on the new car is not only larger in size, but also has a significant improvement in performance. The Snapdragon 820A chip is equipped to further meet consumer needs in terms of car computing power. And whether it is the overall response speed, or the richness of applications and configurations, it is more in line with the needs of today’s young consumers.

In terms of power, the new car will be equipped with Drive-E 2.0TD + 8AT powertrain, and provide two versions of high and low power for consumers to choose from. Among them, the high-power version has a maximum power of 254Ps and a peak torque of 350Nm, and the new car’s 100-kilometer acceleration only takes 6.7 seconds. The low-power version has a maximum power of 218Ps and a peak torque of 325Nm. According to the official, after matching the chassis and stability of the European driving style, its acceleration is faster, the braking is more stable, and the braking distance of 100 kilometers can be less than 35m.

At the same time, the new Lynk & Co 01PHEV model will be equipped with a plug-in hybrid system based on a 1.5T three-cylinder engine, matched with a 7DCT-H wet dual-clutch gearbox; pure electric cruising range of 81km, comprehensive fuel consumption of 1.4L/100km, and support 4 + 1 multiple drive modes. Equipped with BorgWarner’s 5th generation intelligent four-wheel drive system, the comprehensive cruising range is expected to exceed 800 kilometers.

Write to the end:

It has been three years since the launch of the Lynk & Co 01, and the sales volume of the Lynk & Co 01 has reached 45% of the entire brand, which is self-evident. And with the launch of the new Lynk & Co 01, whether it is in terms of appearance, technology, or performance, it is further in line with the current needs of young consumers. The launch of hybrid models is expected to further boost the overall sales of the Lynk & Co brand.

One second, two seconds, three seconds… Several "code farmers" from Beijing Xinchuang Enterprise sat in front of a laptop, holding their breaths and concentrating, their hearts seemed to beat at the same frequency as the second hand.

At the 14th second, the computer desktop "lit up" smoothly, and the laboratory was suddenly full of joy.

From fighting each other, to clenching their fingers into fists, Tongxin has joined forces with upstream and downstream enterprises in the industry to jointly promote the development of domestic operating systems.

In the rapid iteration of technology, the boot time of domestic operating systems has been gradually shortened, finally achieving a 14-second leap in 2022.

In March 2022, Tongfang laptops equipped with Loongson 3A5000 4-core processor, Tongxin UOS operating system, and Kunlun BIOS firmware achieved a leap in 14-second boot time, representing that the computers of "China Core" and "China Soul" are moving from "usable" to "easy to use", expanding the Chinese people’s place in the information technology industry that Intel and Microsoft have occupied for many years.

Each line of code leaping towards "14 seconds" hides the creativity and ambition of several generations of "Beijing code farmers". They represent Beijing’s "soft power", some are white-haired gentlemen who have been fighting for decades, and some are just entering the industry. The difficulties in the chain of information technology application and innovation are making key breakthroughs in their side-by-side struggles.

Loongson CPU out of the "darkest hour"

Boot speed is the first impression of computer performance to users. 10 years ago, it took 10 minutes or even longer to open a computer equipped with domestic hardware and software.

CPU (Central Processor) is the heart of the computer. If you want to speed up the computer, you must first pass this hurdle. Do Chinese people have their own CPU?

Yes. In the early morning of August 10, 2002, the computer installed with the "Loongson No. 1" CPU was successfully started, ending the history of the Chinese people relying entirely on imported CPUs to manufacture computers. In 2010, the Chinese Academy of Sciences and Beijing jointly funded the establishment of Loongson Zhongke Company, hoping that the R & D results will be accelerated and industrialized.

However, just over two years later, Longxin Zhongke fell into the "darkest moment".

The Loongson team with strong academic taste has been focusing on improving CPU performance, but has not come up with a general-purpose CPU that meets the mainstream needs of the market. The high investment in research and development has made the company’s funds tight, and even unable to pay salaries for a while, resulting in the loss of talent.

"This crisis forced us to recognize the reality." Founder Hu Weiwu realized that the R & D staff of "Shanghai" gave up the establishment of the Chinese Academy of Sciences, but forgot to pay attention to the real needs of the market. In other words, although the organization has been transformed, the concept has not kept up.

Hu Weiwu, Chief Engineer and Chief Designer of Loongson, Institute of Computing Technology, Chinese Academy of Sciences

At that time, the mainstream CPU in the market was a multi-core design. Intel’s main focus was dual-core and quad-core. In order to be superior, Loongson started with eight cores. Hu Weiwu admitted that the premise of "more people and more power" is that everyone must be strong. Although Loongson has eight cores, the performance of each core is not as good as that of humans. Loongson’s CPU was not accepted by the market at that time, and the reason is very simple – it is not easy to use.

After several years of detours, Loongson finally put down its "body" and turned its attention to the CPU in the field of industrial control, and then successfully applied it in the field of information technology. In constant trial and error and iteration, Loongson’s revenue exceeded 100 million yuan in 2015, achieving break-even for the first time.

From 2015 to 2020, the performance of Loongson increased by 10 times, which made it possible to support 14-second boot. Tongfang’s computer, whose boot time was shortened to 14 seconds, was equipped with the CPU of the Loongson 3A5000 series, and its performance was close to the mainstream level of open market CPUs.

Domestic operating system is just emerging

For the majority of computer users, the classic icon of the Windows operating system is deeply etched in their memory. The CPU is the heart of the computer, and the operating system is the soul. If Godson is benchmarking Intel, then who can benchmark Microsoft?

In 2011, when Hu Weiwu was struggling for a higher-level CPU, Liu Wenhuan, general manager of Tongxin Software, decided to start from scratch and build a domestic operating system.

"If conquering chip technology is like climbing the Himalayas, solving the domestic operating system is exploring the Mariana Trench." Before that, he worked in an information security company for more than a decade and increasingly felt that if the operating system bottleneck could not be solved, information security could only be on paper.

In the same period, a group of software companies with the same ideals were born in China. But the ideal is full and the reality is skinny. The first wave of early adopters found that computers equipped with domestic operating systems are not only slow, but also unable to chat, work and play games as normally as Windows. Although new domestic systems continue to be launched, these software companies have fallen one after another in the face of the gap in technology and the cruel choice of the market.

Overcoming difficulties cannot be solved by one’s own efforts. To solve the user pain points of slow boot and short battery life, CPU, operating system and other industries must jointly tackle key problems.

In 2019, Tongxin Software Technology Co., Ltd., jointly established by multiple domestic operating system manufacturers, was established, headquartered in Beijing Economic Development Zone Xinchuang Park, and established technical support institutions, R & D centers, and general software and hardware adaptation centers in Wuhan, Shanghai, Guangzhou, and other places.

From fighting each other to clenching their fingers into fists, Tongxin has joined forces with upstream and downstream enterprises in the industry to jointly promote the research and development of domestic operating systems. In the rapid iteration of technology, the boot time of domestic operating systems has been shortened step by step, and finally a 14-second leap has been achieved in 2022.

"The gap between domestic operating systems and the products of top international manufacturers has narrowed from 10 years or more to three to five years," Liu Wenhuan said.

Today, the Tongxin operating system has been implemented in a number of key industries such as banks and telecom operators, and the latest home version was also unveiled at the beginning of this year. However, the new domestic operating system still faces the risk of "supply cut" in the upstream open-source community, which in turn affects the sustainable development of the industry.

"The reason is that the root community based on Linux open source systems in China is abroad." Liu Wenhuan said that the root community can help operating system manufacturers get rid of the constraints of the upstream open source community and get better protection at the level of information security. To put it figuratively, the "supply chain" should also be secure.

Two months after achieving 14-second boot, based on the world’s three major independent open-source communities, Tongxin released China’s first desktop operating system root community "Deepin Community", starting from "roots", mastering the development rights of open-source operating systems, upstream community dominance, and attracting global enthusiasts to contribute code and ideas for domestic operating systems.

"Raise" an autonomous industrial chain

In 2014, the popular Windows XP system stopped serving, and for a time, a large number of enterprises and individual users were in disarray. Although most functions can still be used normally after the shutdown, they cannot get Microsoft vulnerability patches and system upgrade support, and are vulnerable to viruses and hackers.

Six years later, Windows 10 was discontinued, and the exact same situation played out. This further stimulated Beijing’s drive to build an independent innovation industry system.

Looking back 30 years ago, Hu Weiwu, who was still a doctoral student at the Chinese Academy of Sciences, needed to use a high-performance computing machine that had just been imported from abroad for his experiments, but the computer’s password was in the hands of foreigners and needed to be monitored in a glass house.

Hu Weiwu, chief engineer of the Institute of Computing Technology of the Chinese Academy of Sciences and chief designer of Loongson, accepted an exclusive interview with CCTV

This picture was deeply engraved in his heart. Therefore, when Loongson was just starting out, all the well-known companies that could think of came to Hu Weiwu to discuss technology licensing cooperation. "I understand these behaviors as’surrender the gun and not kill ‘!" He saw that behind the technology licensing was to make Loongson give up the ability to innovate and develop, so he decisively refused.

Thirty years later, the young man in red became a white-haired gentleman, and Hu Weiwu launched another more thorough and difficult "entrepreneurship".

The global information industry is mainly built on Wintel (Microsoft-Intel Alliance) and AA (Android-ARM) two ecosystems based on Instruction Set Architecture and chip design. If you want to produce CPUs that match them, you must first obtain the Instruction Set Architecture "license".

"In order to achieve a fully independent innovation CPU, we must also achieve autonomy at the underlying technical level of the Instruction Set Architecture." In 2021, LoongArch officially released LoongArch, the LoongArch autonomous command system architecture of Loongson, achieving a major technological breakthrough in its ecological construction. This marks that LoongArch has moved from a follow-up development to a completely independent development in terms of independent information technology system and industrial ecological construction.

The Loongson 3A5000, which supports a 14-second boot time, is based on the LoongArch autonomous command system architecture and no longer requires foreign authorization.

One innovation breakthrough after another, tempering the Beijing Xinchuang industry chain: ZTE database, Guoke Tianxun avionics bus protocol chip, QINGTENG and other global benchmarking products were born, the domestic information technology system was initially formed, Beijing Economic Development Zone Tongming Lake National Xinchuang Park, has gathered more than 90% of the country’s information technology leading enterprises, forming a high-performance chip, operating system, database, machine end point, system integration, cyber security services and other industry chain Xinchuang industry ecosystem.

Beijing Economic Development Zone National Xinchuang Park Tongxin Software Technology Co., Ltd. "Ecological Adaptation Dispatch Center"

"Some products are like raising pigs, which can be slaughtered for meat in one year; some products are like raising cattle, which can be plowed and worked in three years; our products are like raising children, which can be raised for 20 years." Hu Weiwu compared technological research to "raising children", which vividly condensed the difficult process of information technology breakthrough, and also foreshadowed that the autonomy of the credit creation industry still has a long way to go.

The "Beijing code farmers" who have worked hard for many years still need to make greater innovation breakthroughs in order to benchmark the international first-class and create a solid "foundation" for China’s economic digital transformation and industrial chain upgrade.

　　Siming District is competing to showcase a high-quality business environment to global investors. The picture shows the Guanyinshan International Business Operation Center where the headquarters economy gathers.

　　▲ Siming District is a hot and blessed land for investment and business. The picture shows the beautiful scenery of Lujiang Road.

　　 Xiamen Network News (Xiamen Daily reporters, Wu Yanru, Lin Wen, correspondent, Xia Sixuan, this map/reporter, Huang Rong) Beautiful Ludao ushered in the "98 time" as scheduled, and guests from all over the world kicked off the feast of international capital.

　　At the location of the main venue of the Investment Fair, Siming, the hot land and blessed land for investment and business in the central city, is showing a high-quality business environment to global investors in a competitive manner. Data is the most powerful footnote: in the first half of this year, Siming District achieved a regional GDP of 120.30 billion yuan, an increase of 6.8% year-on-year, and the total amount and growth rate ranked first in the city. This is since the second half of 2009, after a lapse of 12 years, Siming District’s GDP growth rate has taken the first place in the city.

　　Those who are good at plotting go far, and those who do are successful. Siming District has made great efforts to "make the first move" in a good business environment, and issued the "Siming District Accelerates the Building of a World-Class Business Environment 2022-2023 Annual Enhancement Plan", focusing on key areas and key links to carry out research, promote the optimization and upgrading of the business environment, consolidate and deepen the construction of the province’s first business environment area, and upgrade the competitiveness of the marketization, rule of law, internationalization and facilitation business environment.

　　Key words [concept]

　　"Entrepreneurs are city partners"

　　When the "BRICS" meets the "Golden Key", the double gold superposition allows domestic and foreign merchants to see more investment opportunities.

　　Yesterday, the 4th BRICS New Industrial Revolution Partnership Forum was successfully held. At the meeting, Luckin Coffee from Siming District signed a letter of intent to purchase coffee beans in Brazil with Xiamen C & D, a top 500 Chinese company, Mitsui & Co., the largest green coffee bean trader in Asia, and the world’s second largest coffee trader, Swiss ECOM Group. According to the agreement, Luckin Coffee will purchase a total of about 45,000 tons of coffee beans in Brazil in the next three years. With the support of the Brazilian Embassy, it will continue to cooperate in the coffee industry in Brazil, share industrial concepts and industry practice experience, and promote cooperation in the coffee field to deepen.

　　This multi-party cooperation shows the world the huge opportunities and openness of the Chinese market, and also shows the strength and style of Siming District enterprises. "The signing of the Brazilian coffee bean cooperation letter of intent will continue to enhance Luckin Coffee’s supply chain capabilities, allowing consumers to better experience the coffee products and culture of high-quality production areas around the world." Luckin Coffee said that in recent years, Luckin has continued to invest in the coffee professional supply chain. Last year, Luckin imported more than 15,000 tons of green coffee beans, and this year it is expected to exceed 30,000 tons.

　　Luckin Coffee, which has its headquarters in Siming, is about to celebrate its fifth anniversary. At present, Luckin has more than 7,000 stores and has become one of the largest chain coffee brands in China. Guo Jinyi, chairperson and CEO of Luckin Coffee, said with emotion, "During the development of Luckin, the province, city and Siming District not only escorted the company when it was riding the wind and waves, but also provided help at the critical juncture of the company. Let us deeply understand that it was a very correct decision to settle here."

　　The heartfelt voice of enterprises is a heartfelt affirmation of Siming’s services. Siming District has firmly established the concept of "entrepreneurs are city partners", further optimized the CSO chief service officer mechanism, expanded government-enterprise communication channels, and deepened pro-Qing political and business relations. This year, Siming District has carried out in-depth special projects of "benefiting enterprises", established an Enterprise Services commissioner system and a quick coordination mechanism to help solve enterprise problems with heart. At the same time, focus on key enterprises and key projects, strengthen the combination of leadership linkage and hierarchical coordination, help to improve enterprise growth, and provide full-cycle services for project implementation. On September 4, under the leadership of the district party committee and district government, the Lianqian Street Chamber of Commerce was first established, which not only created a warm "home" for enterprises, but also helped the government and enterprises to interact benignly and communicate efficiently.

　　Heart-to-heart service, real help. This year, in the face of the impact of the COVID-19 epidemic, Siming District, while fully implementing higher-level policies, has timely launched 9 measures to assist enterprises in relieving and reducing costs. In the first half of the year, the accumulated industrial support funds and rescue funds exceeded 1.20 billion yuan, and the accumulated tax rebates, tax cuts and fee reductions reached 1.67 billion yuan, benefiting enterprises and individual industrial and commercial households over 46,000 times. In addition, a series of online consumption season activities were held, digital RMB consumption coupons were issued, and a series of cultural tourism consumption activities were held, which effectively promoted economic consumption.

　　Key words [pattern]

　　Deep integration of industry and city empowers enterprise development

　　In the continuous optimization of the business environment, Siming District takes advantage of the "big improvement on the island" and uses the thinking and pattern of deep integration of the industry and the city to play chess, injecting new momentum into development and giving new vitality.

　　In the eastern part of the island, the main venue of the Investment and Trade Fair, the rapid development of the area has attracted much attention. At present, the Kaiyuan innovation community in Siming District is rising rapidly with strong momentum. Good news from the Meiya Poko Group Headquarters Building and Smart City Innovation Center project located in this area: the main body of the building is in the accelerated construction stage, which is expected to be capped within the year and put into use by the end of 2023.

　　Luan Jiangxia, executive deputy general manager of Meiya Cupresso, said: "This building will be built as the research and development headquarters of Meiya Cupresso, the research institute of new smart cities, and the technical research center of Meiya Cupresso branches, subsidiaries and some ecological enterprises. We will focus on new smart cities, artificial intelligence, big data and other future industries to carry out new technology research and industry incubation. We also hope to help Siming District gather talents, promote the deep integration of industries and cities, and work together to create a benchmark for the city’s innovation-driven industrial upgrading."

　　As a rooting enterprise independently cultivated by Xiamen City and Siming District, Meiya Cupresso has become a strong representative of Siming District’s development of advantageous software information industry. Luan Jiangxia said that Siming District fully promotes enterprise development with an open attitude, international vision and accurate service. This year, Siming District also focused on launching the "Three-Year Action Plan for the Development of Software and Information Service Industry in Siming District", supporting the introduction of 9 supporting measures to promote the development of the software information industry from four aspects: supporting recruitment and recruitment, increasing production and efficiency, R & D and innovation, and attracting and retaining talents, including uncapped production incentives and one-time rewards for senior talents in big data. From another perspective, it also shows that the atmosphere of innovation and entrepreneurship in Siming District is particularly strong, and Siming District is determined to vigorously encourage and cultivate the rapid development of enterprises.

　　Based on the actual situation of the region, Siming District focuses on leading industries such as software and information services, financial services, business services, cultural and tourism creativity, and further coordinates and optimizes the industrial space layout of the region, promotes the integration of land resource elements, and provides a platform carrier for project landing and development. At present, key areas such as Kaiyuan Innovation Community and Binbei Super Headquarters are accelerating.

　　In Siming District, a hotland of innovation and entrepreneurship, the industrial high-energy, functional and high-quality space layout allows companies to take root and grow.

　　In the Guanyinshan International Business Operation Center, where the headquarters economy gathers, Anta Operations Center has been located in the area since 2012. In the past ten years, this fertile soil has witnessed the development of Anta Group from a Chinese enterprise to a world-class sporting goods group.

　　Li Ling, vice president of Anta Group, introduced that Anta Group opened the operation of Fila Building in Siming District this year, and what made Li Ling feel deeply was that "Siming District’s attentive service and policy support, as well as its unique environment, have attracted a large number of talents at home and abroad for the enterprise, bringing vitality to the development of the enterprise."

　　Siming District promotes the transformation and upgrading of traditional cultural tourism advantageous industries, and the key investment attraction project "Cultural Protection Wonderful Night" Hulishan Fortress Night Tour Project has developed eye-catching. This year, the project has been fully upgraded to version 2.0, landing the concept of "Yuan Universe", superimposing virtual and interactive scenes, and detonating Xiamen’s summer tourism market.

　　To empower the development of cohesive enterprises and stimulate the new vitality of resource elements, Siming District strives to promote the formation of an industrial development pattern with different characteristics, dislocation development and mutual support.

　　Key words [innovation]

　　Focusing on key areas to create a new model of business environment construction

　　Reform stimulates vitality, innovation is wide. Where there is demand for enterprises, Siming extends services to wherever they are.

　　Expand the government-bank cooperation model, Siming District established a government service area in the Guanyinshan International Business Operation Center this year on the basis of the pilot project of "government affairs + beneficial enterprises" service area of ICBC Urban Construction Sub-branch, and opened the Guanyinshan Park Service Center. The center provides "one-stop" services such as business establishment, tax-related processing, social security registration, beneficial enterprise policies, and e-government self-service for 2,100 enterprises and 40,000 employees in the area. In the first half of the year, more than 100 people provided various services such as market supervision, construction, taxation, and coordination of area construction, effectively opening up the "last meter" of government affairs for employees of enterprises in the area.

　　Deepen the reform of "decentralization, management and service", continue to optimize government services, and allow enterprises to go into battle lightly. As of the beginning of September, the whole district has entered 5,947 online service halls in Fujian Province, with 83.82% of the total process of online office, 96.52% of "no need to run one trip", and 99.88% of "no need to run one trip at most". At the same time, Siming District has broadened the supervision channels of government services, innovatively recruited enthusiastic people to serve as "government service experience officers" to the society. Focusing on themes such as "no-see approval", "simple cancellation of enterprises", and "accelerated retirement processing", it has combined "online experience + offline unannounced and unannounced visits" to check the level of government services. This year, 28 opinions and suggestions have been collected, and relevant departments have prescribed the right medicine and improved it.

　　The rule of law is the best business environment. Xiamen is making every effort to build the Haisi Central Legal District into an important platform for developing modern service industries, deepening reform and opening up, and building a market-oriented, rule of law and facilitation of international business environment. According to the requirements of the "Overall Construction Plan of the Haisi Central Legal District", in accordance with the overall layout of "one island and two districts are complementary and superimposed, the free trade area will be tested first, and the Siming area will be fully demonstrated." Siming Demonstration Zone will build a high-energy legal institution and a carrier of legal science and technology.

　　Siming District anchors goals, innovates ideas, adheres to a high position to promote organizational planning, incubates legal talents with a high vision, gathers legal resources with high efficiency, guarantees the implementation of high-demand projects, plans the layout of the area with high standards, optimizes the rule of law services with high quality, makes scientific plans and layouts, gathers resource elements, and strives to create a first-class rule-of-law business environment. At present, four enterprise units including Shenzhen Fadada Network Technology Co., Ltd., Fujian Chongyu Law Firm, and Xiamen Bar Association have successfully landed in Siming Demonstration Zone. The No. 1 Legal Fund of Haisi Central Legal District has successfully settled in Siming District. Four projects including Pigsy Network Intellectual Property Big Data Southeast Regional Headquarters and Edition Shentong have been signed. At present, 54 legal and pan-legal institutions have settled in Siming Demonstration Zone.

　　With more enterprises settling in, the service guarantee force of the demonstration area is also constantly strengthening. Siming Court and Belt and Road Initiative International Commercial Mediation Center have established the first professional intellectual property mediation institution "Intellectual Property Mediation Office of Haisi Central Legal District", which has accepted 220 cases. Siming Court’s "Commercial Lecture Hall" brand project has been introduced into Siming Demonstration Zone to explore the construction of a legal risk prevention and control exchange mechanism between enterprises, so as to better improve the legal risk prevention and control capabilities of small and medium-sized enterprises.

　　Siming District fully supports Xiamen’s efforts to create the second batch of national business environment innovation pilot cities, focusing on leading industries, exploring and implementing a number of ground-breaking and leading reform measures, and building a pilot demonstration zone for innovation pilot cities.

　　Key word [quality]

　　Optimize urban functions and enhance public service security

　　Quality education is an important indicator and a strong supporting condition for an excellent business environment. In Xiamen, "Siming Education" is undoubtedly a household name.

　　In the golden autumn of September, the "good school" at the doorstep of Siming District was reopened. The Lingdou Campus of Datong Primary School welcomed the first batch of 220 first-grade students. On the first day of school, the school held a highly ceremonial "drop into the heart of the sea" activity. The freshmen held blue liquid and poured it into the "concentric sea" one by one, reflecting the school’s school philosophy of "establishing the path of’Datong ‘with the heart of forging ahead". Huang Yingmin, head of the student development center of the Lingdou Campus of Datong Primary School, has high hopes for the children: "At this moment, you are like a boat going to sea, raising a new sail and starting a new journey."

　　In addition to the Lingdou Campus of Datong Primary School, the Hexiang Branch of the Primary School Affiliated to Xiamen Foreign Language School has also made a new appearance, and they all operate in the form of an "educational community". The opening of these new schools will help the high-quality development of regional education. It is reported that this year, Siming District has also newly renovated and expanded the second phase of Binhai Primary School. The Lingdou Campus of Datong Primary School, the Hexiang Branch of the Primary School Affiliated to Xiamen Foreign Language School and the second phase of Binhai Primary School have added a total of 3,510 compulsory education degrees.

　　As one of the first batch of "strong education areas" in Fujian Province, education has always been placed in the strategic position of priority development of Siming District. In April 2022, Siming District was confirmed as the first area to create a high-quality and balanced national compulsory education. During the "14th Five-Year Plan" period, the whole district will also strive to renovate and expand no less than 30 compulsory education construction projects, add 30,000 compulsory education degrees, and make every effort to promote the high-quality and balanced regional compulsory education. At the same time, from the continuous expansion of school-based close education communities, and the promotion of education and teaching reform, it will help regional education to start at a high level and develop with high quality, and enhance Siming Education’s ability to serve the city’s economic and social development.

　　All along, Siming District has been continuously optimizing the level of education development, improving the quality of urban education, solving the children’s education issues that investors, entrepreneurs and all kinds of talents are most concerned about, and making every effort to create a suitable and livable working and living environment. Based on the endowment advantages of the central urban area, Siming District also focuses on the fields of medical and health care, entertainment, ecological environment, urban management, etc., and continues to work hard to improve the soft environment, create a characteristic humanistic environment, optimize the functional quality of the urban area, and make investors, entrepreneurs and all kinds of talents live in Siming more happy and belong.

　　How to seize the new opportunities of digital transformation in the era of digital economy is a must-answer for Dongguan furniture industry to achieve high-quality development.

　　As a famous furniture manufacturing city in China, Dongguan’s furniture industry is famous at home and abroad. As a characteristic industry in Dongguan, how to seize the new opportunities of digital transformation in the digital economy era is a must-answer for the furniture industry to achieve high-quality development.

　　At the beginning of this year, Dongguan proposed to promote the digital transformation of the furniture industry cluster, with a clear transformation goal of personalized customization transformation, using digital technology to penetrate the front, middle and back ends of the furniture industry, extending from manufacturing business to high added value at both ends of the value chain, and realizing the transformation from "production + sales" to "product + service" by 2025.

　　Industry insiders said that, unlike other industries, the furniture industry is still a non-standard industry to a large extent. There are many product materials, complex processes, and small order volumes. Its digital transformation is difficult to achieve in one step. Although some leading enterprises have taken the lead in digitalization, the digital transformation of Dongguan furniture industry is still in its infancy.

　　Lin Guorong, vice chairperson of the China Furniture Brand Alliance, said that most of the furniture industry in Dongguan produces high-end home products, which also makes the digital transformation of the furniture industry in Dongguan more difficult. "But Dongguan’s advantages are also obvious. Relying on industrial Internet platforms such as Huawei Cloud and Wewin Big Data, the furniture industry will have great technical advantages in digital transformation, and will explore more local solutions for the digital transformation of Dongguan furniture industry clusters."

　　Industry digital transformation is still in its infancy

　　According to the digital transformation roadmap planned by Dongguan, the digital transformation of the furniture industry cluster mainly involves four parts: leading enterprises to create digital transformation system integration solutions; support enterprises to transform production lines, develop intelligent, collaborative and flexible production and processing models, and promote enterprises to transform into new production models such as personalized customization and modular furniture; promote the application of advanced furniture design technologies such as virtual simulation and 3D design, and strengthen the intelligent design of furniture products linked with smart home systems; guide enterprises to accurately grasp the end point retail situation.

　　However, combing the digitization process of Dongguan furniture industry can find that, in addition to the leading enterprises "one ride without dust", the vast majority of enterprises are "jogging in small steps" according to their own actual conditions, and are not in a hurry to digitalize in an all-round layout. The digital transformation of the furniture industry presents a bipolar phenomenon.

　　Mousse health sleep joint stock company isDongguanThe only listed company in the furniture industry, as an industry leader, is undoubtedlyDongguanThe "leader" of the digital transformation of the furniture industry. Entering the Mousse intelligent digital factory, the large screen of the industrial Internet will collect the layout and real-time progress of all kinds of equipment. In the production area, the bed net spring machine intelligently forms the string net, and the automatic edge machine operates in an orderly manner.

　　Due to non-standard products, the home furnishing industry has been facing many pain points such as high cost of personalized production and too much reliance on manpower. Mousse, on the other hand, has installed a "smart brain" in the factory by building an Industry 4.0 intelligent manufacturing system based on the soft furniture industry, allowing custom home furnishings to have flexible production lines and carry out modular and large-scale production.

　　In recent years, Mousse has introduced world-class automated and intelligent equipment and industrial processes such as Siemens. At the same time, it is equipped with an intelligent decision management platform. It integrates CRM, SAP, MES, WMS and other full systems to open up the integrated production process of orders. Production personnel can monitor and analyze the system data of each product in real time. On-demand customized C2M business model can quickly schedule production according to customer personalized and non-standard customized production needs. Customers are fully automated and visual processes from order placement to product delivery, making it one of the most automated production workshops in China’s furniture manufacturing industry.

　　Unlike Mousse, Dongguan Chuangyu Industrial Co., Ltd. chose to "gradually transfer" on the road of digital transformation. In early July, Chuangyu joined hands with Guan Enterprise Shufu to complete the upgrade and closure of Enterprise Resource Planning, and 17 major modules such as business management, group operation, and material management have been launched. Through Shufu Enterprise Resource Planning, Chuangyu Group has opened up data sharing in material control, finished product warehouse management, sales, and procurement, so as to realize data transmission between the brand end and the factory end, improve production efficiency and reduce error rates.

　　Southern finance media reporter learned that as the first step of digital transformation, many furniture enterprises in Dongguan have settled in Enterprise Resource Planning. But most enterprises have only penetrated the internal management link, connecting the front-end supply chain, back-end marketing, store end points and service links, and have not fully realized the integration and digitalization of the whole process. The digital transformation of the production line is still in the initial stage due to the high cost and complicated process.

　　"At present, our digital equipment is only for the early standardization of cutting, edge sealing, punching and other aspects. Last year, we introduced a device for the manufacture of wooden door patterns, which can realize digital three-dimensional cutting. But we have more than 40 processes, which are more complicated, and some process digital equipment is still difficult to achieve." Lin Guorong, chairperson of Chuangyu Group, introduced.

　　Let products and designs take the lead in digitalization

　　Many industry insiders said that most of Dongguan mainly produces high-end home furnishing products, with extremely high requirements for craftsmanship and higher difficulty in digital transformation. Take Rongma Furniture as an example, as a high-tech enterprise with a global professional designer and R & D team, the main production of sofas includes more than ten processes such as nail racks, cotton, and leather, all of which are completed by workers by hand. "Whether the sofa is well done or not, whether it is full or not, depends on manual realization," Rongma Furniture technicians said.

　　At the same time, the government advocates the transformation of enterprises to new production models such as personalized customization and modular furniture, requiring them to adjust their processes according to customer needs. They also face problems such as the large number of non-standardized links and the difficulty of large-scale output due to small quantities.

　　Faced with the challenges of transformation, many companies have turned to breaking through, taking the lead in digitizing their products and designs, promoting the application of advanced technologies such as virtual simulation and 3D design, strengthening the segmentation of the population, strengthening the iterative upgrade of smart home systems and products, and climbing towards high value-added links.

　　"We are currently the first to digitize product design. This year, through AI intelligent design, we have realized the virtual simulation of the exhibition hall. Consumers can experience products interactively on the Internet, accelerating the digitalization process of our flexible production," said Lin Guorong, chairperson of Chuangyu Group.

　　Using the core technology of Industry 4.0 to combine the Internet, big data, Internet of Things, etc. with industrial production, create a flexible production chain, realize the interconnection of factories, consumers, products and information data, and gradually realize the production and service, is the inevitable direction of the furniture industry. As an important territory with the strongest interaction and experience in the home furnishing industry, soft furniture has brought new growth points to the furniture industry. Relevant statistics show that it is expected that by 2023, the global smart home market will reach 510 billion yuan. The huge market space of smart home has attracted major enterprises to enter the market. The digital transformation of Dongguan furniture industry is the epitome of it.

　　In the field of smart home, Mousse has long created a "tailor-made personal healthy sleep system" in the industry. The newly developed T10 intelligent healthy sleep system can monitor heart rate, snoring, and deep sleep through built-in sensors in the mattress. When users have sleep problems, the Legend26 smart healthy sleep system will tailor sleep solutions, provide psychological intervention guidance such as sleep music and CBTI, and realize closed-loop management of the smart healthy sleep ecosystem.

　　As one of the first companies in China to lay out smart homes with smart furniture as an entry point, Rongma Furniture’s Livable Home brand has become one of the first companies to enjoy the benefits of the smart home industry. Walking into the smart exhibition hall of Rongma Furniture, with the help of "artificial intelligence + Internet of Things" technology, customers issue instructions to artificial intelligence "Xiaole": open the viewing mode, the curtains in the house will automatically close, and the sofa will also be adjusted to a comfortable angle. Livable Home injects artificial intelligence and Internet of Things technology into sofas, beds and other furniture items to create a "smart home".

　　Looking at the digital transformation process of Dongguan furniture industry cluster, it can be seen that actively integrating into the development trend of smart home is a highlight of the digital transformation of Dongguan furniture industry. Based on its own smart platform, creating a cloud platform interface that can be opened to the outside world, connecting to Huawei Hongmeng system, and promoting the home to upgrade to the smart IoT healthy field will be an important direction for the digital transformation of the industrial cluster in the future.

　　Big data and artificial intelligence deeply empower the industry

　　Southern finance media reporter survey found that although walking in the forefront of digital transformation, and Dongguan furniture industry cluster development has become a general trend, but due to different enterprises production and operation mode, and the degree of embedding of the industrial chain is different, leading furniture enterprises did not output a set of unified applicable to the industry’s digital transformation integrated solutions, each enterprise’s digital system, equipment, direction, etc. are independently customized, the status quo of information islands is obvious, furniture industry cluster digital transformation still maintains the "go it alone" situation.

　　With the foundation of industrial software in the early years, Foshan Weishang Furniture, which has a certain Internet gene, has become a benchmark enterprise in the custom home furnishing industry, and actively provides digital intelligence transformation solutions for upstream and downstream enterprises in the industry, shaping a classic path of digital transformation for furniture enterprises. And in Dongguan, such a case is about to be born.

　　Walking into the small laboratory of Interface Technology Co., Ltd., located in Songshan Lake, several 6-axis industrial robots and automation equipment are conducting research and development and production of various products.

　　As a technology-based innovation enterprise engaged in supply-side technology development and channel expansion in the furniture industry, Interface Technology has accumulated a lot of technical experience in the use of industrial 6-axis robots for processing processes including sheet metal, square material, soft material milling, surface forming, and supporting tooling equipment. It is mainly used in single-piece to small-batch production, targeting the majority of small and medium-sized furniture enterprises.

　　"In terms of solid wood furniture, the technology can initially meet the customization needs of some high-end customers. At the same time, due to the establishment of product and process databases, the robot production process makes it possible to produce single pieces to small batches on demand," said Wang Huaiqun, head of the interface technology department.

　　At present, Interface Technology is actively seeking cooperation with small and medium-sized furniture enterprises in Dongguan. "We hope to build intelligent furniture production units that can empower small and medium-sized enterprises, truly solve the practical difficulties of small and medium-sized furniture enterprises in digital transformation, and launch intelligent manufacturing system solutions for the furniture industry that can be implemented." Jiang Wei, founder of the company, said.

　　In terms of solving the information islands between enterprises, Dongguan furniture enterprises actively use Huawei Cloud, Wewin big data and other industrial Internet platforms for digital transformation. Lin Guorong told the Southern Finance and Economics All Media reporter that he has established a separate technology company and joined hands with Huawei to create a "data Rubik’s Cube". "We hope to create a solution together with Huawei, and use a central platform to link different software and systems in the integration industry. Enterprises bring their own data to the station. As a peer-to-peer exchange, the platform will provide enterprises with corresponding user portrait analysis, logistics matching services based on big data, etc."

　　"Making big data and artificial intelligence technology deeply empower the industry is the core goal of the digital transformation of Dongguan’s furniture industry in the future," Lin Guorong said.

　　(Author: Zheng Kangxi, a trainee reporter for Southern Finance and Economics All Media, Editor: Yu Changhuan)

　　China News Service, Beijing, November 13 (Lang Lang) At around 3:00 a.m. on November 9, a knife attack by a Didi driver occurred in Nanjing, causing a dispute between the two sides due to passengers demanding that the driver speed up in the tunnel.

　　Didi said that after verifying the recording in the car of the order, it was found that the passenger asked the driver to speed during the journey; while the passenger said in an interview with the China News Service reporter that he did not ask the driver to speed, but only to be as fast as possible within the speed limit.

　　The injured passengers have responded to the incident online. Some netizens believe that the speed limit for crossing the tunnel is stipulated by law, and passengers are unreasonable; others question why the driver is carrying a knife?

　　The scene of the incident, pictures provided by the interviewees

　　Dispute 1: Did the passenger ask the driver to speed?

　　At around 1am on November 9, Mr. Wang called for an express train through "Didi Chuxing" on the Alipay terminal and went from Nanjing South Railway Station to his residence on Huju Road. He recalled to a reporter from China News Service that because he was in a hurry to go home and video with his girlfriend, when the car reached the Qingliangmen tunnel, "I saw that there was no car in the tunnel, so I asked the driver to drive quickly." The driver refused Mr. Wang on the grounds of speed limit. The two sides immediately quarreled.

　　According to Mr. Wang’s account, after the car drove out of the tunnel to near Hohai University, the driver asked Mr. Wang to get out of the car, and he also got out of the car. The two had a physical altercation. Mr. Wang pinned the driver to the ground, and the driver showed a knife and stabbed Mr. Wang in the right arm.

　　"The knife hit the bone, and blood spurted out immediately." Mr. Wang said that he couldn’t see where the other party took out the knife in the night, but only remembered that it was a black dagger about 10cm long.

　　Mr. Wang said that after he called the police, the driver scolded: "It’s good that you didn’t stab to death."

　　"He also said that he had just stabbed someone two days ago, and his uncle was the director of the Public Security Bureau." Mr. Wang said that after the incident, the driver Liu was taken away by the police and was criminally detained. Mr. Wang was sent to the hospital’s intensive care unit for a broken vein. Due to excessive blood loss (about 1000cc), he fainted three times before and after, and is currently recovering.

　　On the 12th, in an interview with China News Service, Didi replied to the matter, saying that the platform had verified the in-car recording of the order: the passenger asked the driver to speed during the journey, but after the driver refused, the two sides had an altercation, which then escalated into a physical conflict.

　　The reporter asked Mr. Wang many times "whether the driver is required to speed", and Mr. Wang always made it clear that he only asked the driver to drive faster within the speed limit, not to speed.

　　The driver was detained and unable to be interviewed.

　　Passengers receiving treatment, photos provided by interviewees

　　Dispute 2: Why do drivers carry knives? Does the platform allow it?

　　In addition to the "Rashomon" "whether speeding is required", there is another point of debate in this incident – why does the driver have a knife?

　　Screenshots of netizens’ comments

　　According to Didi’s disclosure, platform data shows that the driver of the Dongfeng Fengxing Jingyi X6, which Mr. Wang was riding, has obtained a driver’s license for online car-hailing in Nanjing, with a history of receiving more than 10,000 orders. Past passengers have rated it as five-star.

　　According to a report by Jiangsu media "Wusu.com", a staff member of Didi Chuxing said in an interview: The company expressly stipulates that drivers are not allowed to bring controlled knives on the bus. As for why drivers carry daggers with them, as of the press release, Didi has not responded positively.

　　In a reply to the media, Didi said: "After receiving the relevant information, the platform immediately set up an emergency response team. On the one hand, the staff was assigned to visit the hospital at noon to visit the injured, pay medical expenses in advance, and ensure that the injured were fully and timely treated. On the other hand, actively cooperate with the police to investigate the incident."

　　"Next, we will step up efforts to educate drivers on safety and platform rules, guide drivers and passengers to communicate in a civilized and rational manner, and resolve disputes through reasonable and legal channels," Didi said.

　　Didi: One wave has not been leveled, and the hitchhiker has just been back online.

　　This is not the first time something has happened to Didi.

　　On the evening of May 5, 2018, Li, a flight attendant in Zhengzhou, was killed while riding a Didi ride-hailing car. On August 24 of the same year, Zhao, a 20-year-old woman in Yueqing, Zhejiang, was killed while riding a Didi ride-hailing car. One hundred days, two lives, Didi announced that it would offline its ride-hailing business nationwide.

　　In March 2019, a Didi driver in Changde, Hunan Province, died after being stabbed more than 20 times by a passenger named Yang.

　　Not long ago, on November 6, Didi announced the trial operation plan of Didi Hitch: it will be launched in seven cities including Harbin and Beijing from November 20. The plan has also been adjusted due to the controversy over "whether it discriminates against women".

　　According to the Economic Daily, in July this year, Didi Chuxing held a hitch media communication meeting in Beijing. "I’m just afraid." Liu Qing, president of Didi Chuxing, admitted at the meeting that the team was "rather cowardly" and waited so long because he was afraid. "Who is so sure that they can launch a 100% safe product?"

[Individual stock trend]

April 17 to April 21

Last week, the Hang Seng Index fell 1.78% for the week, and the Hang Seng Technology Index fell 4.66%.

Meituan -W Hong Kong stocks rose 6.33% last weekLast week’s total turnover 17.551 billion Hong Kong dollars, as of last week’s close, the Hong Kong stock price was 137.70 Hong Kong dollars, the market value of 859.447 billion Hong Kong dollars; Hong Kong stocks fell 4.04% this month, 21.18% this year, nearly 52 weeks down 2.62%.

[Company comparison]

[Related News]

JP Morgan’s shareholding ratio in Meituan increased from 4.91% to 5.02%

According to the Hong Kong Stock Exchange, on April 17, JP Morgan’s shareholding ratio in Meituan increased from 4.91% to 5.02%.

Meituan: Zibo barbecue brings fire to Shandong cultural tourism consumption, and the overall tourism order volume in the first quarter increased by 45% year-on-year.

According to the Shanghai Stock Exchange, the heat of barbecue in Zibo is still "top stream", and Weifang kites have set off a new round of craze across the country. According to retail platform Meituan data, the overall tourism order volume in Shandong Province increased by 45% year-on-year in the first quarter, the overall catering order volume increased by 20%, and the nighttime consumption vitality index rose by 19.5% year-on-year. A number of data show that innovative consumption formats and models have enabled the consumer market in Shandong Province to pick up in the first quarter.

Zhang Kun increased his position in Meituan and TSMC in the first quarter! The only situation where a good company is not a good stock is that the valuation is too high

According to surging news, Meituan-W, China National Offshore Oil, JD.com Group-SW and TSMC won the "public offering brother" Zhang Kun’s position in the first quarter. Just after 0:00 on April 21, Zhang Kun’s four funds in charge released the first quarter of 2023. From the perspective of management scale, Zhang Kun’s management scale did not change much in the first quarter. From 89.434 billion yuan at the end of 2022, it shrank by about 492 million yuan to 88.942 billion yuan at the end of March, a decrease of only 0.55%. Zhang Kun lamented in the first quarter report that it is so important to identify good companies, because the only situation in which good companies are not good stocks is that the valuation is too high. In other cases, good companies will bring long-term and considerable returns to investors.

Meituan takeaway first live broadcast: Mixue Bingcheng sales broke 100 million, Luckin raw coconut latte sold 1 million cups

According to Blue Whale Finance, Meituan takeaway has newly upgraded the "God Coupon Festival". Through the linkage of head KOL live broadcast and "takeaway + to the store", it has created a limited-time and limited-time special "explosive market" for the first time. As of 23:59:59 on April 18, 2023, the number of takeaway orders increased by nearly 50% year-on-year, and the DAU increased by 75% year-on-year. The average weekly growth rate of the transaction volume of the 100 major catering brands participating in the event exceeded 30%. During the event, the overall transaction WoW growth rate of tea and coffee reached 21%. Among them, Mixue Bingcheng’s sales broke 100 million, and a total of 15 million cups were sold; Luckin sold 1 million cups of coconut latte alone. The growth of the dinner category was significant, with Haidilao’s sales growth reaching 180%.

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