1905 movie network news On April 25th, the 16th National Cinema Domestic Film Promotion Conference was officially opened in Qingdao in the spring of 2018. Dozens of distribution companies will focus on promoting more than 70 outstanding domestic films (including co-productions) within two days. On the first day of the promotion, cast members such as,,, and came to the stage to make presentations, and stars such as Rene Liu, Zhang Yibai, William Chan, Richie Jen, Shenyang, Pan Binlong, Peng Yuchang and Zifeng Zhang appeared in succession to CALL their new films.

Rene Liu’s "Later Us" revealed that William Chan had gained muscle for Temujin.

Two "May 1st" new films "Later Us" and "The Age of God of War" are particularly eye-catching, and both of them will meet the audience on April 28th. "Later Us" is a youth romantic film directed by Rene Liu, supervised by Zhang Yibai and starring Jing Bo Ran, Zhou Dongyu and Tian Zhuangzhuang. On the same day, Zhang Yibai exposed the ultimate trailer of the film in advance, and Rene Liu took the stage and said, "I always believe in sincere feelings and believe that it is very powerful. I hope you can help more people see this film."

As a rare movie with the theme of northern grassland in China, the creation inspiration of "God of War" originated from ancient grassland legends, and based on the legendary hero Temujin, it extended the framework of a vast era of grassland heroes. The film director Haas Chaolu was injured in the circus during filming, and he was injured again that day. At the scene, Haas Chaolu talked about the creative process and said, "In the past, I made literary films to express my personal feelings, while commercial films were completely different, so I should pay attention to the audience and the market." For the starring William Chan, Haas Chaolu admired it. "I gave him more than 95 points for his performance, and I believe everyone will see a completely different Temujin."

On the same day, William Chan also came to the scene to share his challenge in filming "The Age of War". He revealed that his biggest challenge was to gain muscle. For the role, he increased from 140 pounds to 180 pounds. "It was very bitter. I could only eat chicken breast and eggs every day for four or five months. Another challenge is that I don’t eat sheep and I don’t drink. Playing Temujin is a big challenge. "

Timmy Xu’s first big-screen show, The Amateur Agent, has set a target of 3 billion for Asura.

In addition, there are many blockbuster new films announced at the event. Among them, Timmy Xu, Darren Wang, Milla Jovovich, Sandrine Pinna, etc. are scheduled for December 21; The final file starring Shen Teng and Mabel Yuan is June 22; Allen and Wang Zhi are scheduled for December 28th. Other new films have not yet set a specific release date, but are expected to be released in the summer of 2018, including those starring Richie Jen, Nick Cheung and Andy, Chow Yun Fat and Aaron Kwok, Feng Gong, Haoran Liu and Yun-peng Yue, Han Geng and Yamashita tomohisa.

The fantasy film starring Leo, Tony Leung Ka Fai and Carina Lau has been previously announced to be released in the summer of 2018, and the producer who recommended the film that day revealed that the film’s target box office is 3 billion.

In this era of pursuing speed and passion, off-road SUV has become the dream car of many drivers. They can not only ride freely on the rugged road, but also give drivers a sense of pride and ambition to conquer nature and challenge themselves. Among many off-road SUVs, with its million-level luxury quality, cool appearance and strong off-road ability, it has become a bright star in the field of medium and large luxury SUVs.

Off-road performance, comprehensive upgrade

As an off-road SUV, Range Rover Sport Edition’s off-road performance can’t be ignored. It is equipped with a combination of a 3.0T turbocharged engine and a 48V light hybrid power system, matched with an 8-speed automatic manual transmission, with a maximum horsepower of 40 0 horsepower, a maximum power of 294kw and a maximum torque of 550 Nm. This kind of power combination makes the Range Rover Sport Edition low-twist and powerful when it is off-road, while ensuring high-speed explosiveness. The addition of light hybrid power system reduces the fuel consumption of daily vehicles, allowing drivers to enjoy off-road fun while taking into account economy. In order to ensure off-road performance, Range Rover Sport adopts a four-wheel suspension chassis structure, and is equipped with a full-time four-wheel drive system and a central differential. With the blessing of the central differential lock, the ability to get out of trouble is more guaranteed. In addition, the minimum ground clearance is 216mm, the approach angle is 22.5 degrees, the departure angle is 24.9 degrees, and the maximum wading depth is 900mm. These parameters indicate that the Range Rover Sport Edition has reached a very high level in off-road performance.

Intelligent driving, comfortable enjoyment

In addition to off-road performance, Range Rover Sport has also made a lot of optimization in terms of comfort. It adopts the high-cost design of four-wheel single suspension, which allows the vehicle to achieve both comfort and performance. This kind of design is also rare in China at present. At the same time, the Range Rover Sport Edition lightens the all-aluminum body and multi-link structure, which makes the body mass smaller, but the stability is better. This design not only improves the dynamic response and posture of the vehicle, but also greatly improves the comfort. In terms of intelligent driving, Range Rover Sport Edition is equipped with a variety of intelligent technologies. For example, it has the functions of low-speed four-wheel drive, wading induction system (optional) and crawling mode. These functions not only make off-road easier and safer, but also enable drivers to better control the vehicle and enjoy off-road fun.

Hard-core style, luxury experience

Range Rover Sport Edition adopts a hard-core style in design, giving people a sense of sight and meaning of embracing nature and the vast sky. Its front grille looks more exquisite, and with the family-like appearance lines, it adds a bit of style to this car. This design style is very in line with the aesthetic needs of current consumers, and also shows the positioning of Range Rover Sport as a luxury SUV. In terms of interior, Range Rover Sport also shows its luxurious quality. It uses high-quality materials and fine craftsmanship to create a noble and comfortable driving environment. At the same time, it is also equipped with a variety of intelligent driving assistance systems and intelligent interconnection technology, so that drivers can enjoy driving more conveniently and safely.

To sum up, Range Rover Sport Edition is a luxury medium and large off-road SUV with a starting price of 968,000, and its product strength and off-road capability have reached a very high level. It is the best choice for this class in terms of power, off-road performance, comfort and intelligent technology. If you have an unruly heart and want to conquer nature and challenge yourself after work, then Range Rover Sport is undoubtedly your best partner.

　　　　On April 4th, in Bucharest, Romania, Russian President Vladimir Putin attended a press conference after the NATO-Russia Council meeting. Putin spoke positively of the meeting as a whole, but at the same time he once again expressed his dissatisfaction on controversial issues such as NATO expansion. Xinhua News Agency reporter Xu Jinquan photo

　　　　As many people had expected, Russian President Vladimir Putin showed people a calm smile in Bucharest this time, instead of a cold face and aggressive words.

　　　　Although Russia is not a formal participant in this NATO summit, the results of the meeting show Russia’s influence that cannot be ignored everywhere-the accession of Ukraine and Georgia will be put on hold for at least several years; If the United States wants to complete its plan to deploy a missile defense system in eastern Europe, it must continue to "convince" Russia; In addition, it seems that not many people are keen to talk about the Kosovo issue at this summit. Obviously, in this round of game, Russia has safeguarded its core interests to the maximum extent by virtue of its growing strength and skillful diplomatic skills.

　　　　Analysts have noticed that compared with his words and deeds in Munich more than a year ago, Putin’s attitude in Bucharest has undergone an impressive change. On the one hand, it still refuses to budge on issues concerning national interests; On the other hand, it puts more emphasis on dialogue and cooperation. Putin made it clear that Russia is willing to carry out constructive cooperation with NATO and jointly seek solutions to major problems in today’s world. As a concrete measure of cooperation, the Russian government announced that it agreed that NATO would transit Russian territory (land) to transport "non-military materials" such as food and fuel to the International Security Assistance Force in Afghanistan. It can be considered that Putin stood at a high point again this time. What NATO countries, including the United States, should understand is that dealing with countries like Russia can’t solve any problems by coercion and squeezing. Only by carrying out dialogue and cooperation on the premise of respecting each other’s interests and concerns can a benign interaction be formed. In this regard, Putin seems to have taught his NATO opponents another lesson.

　　　　Putin’s trip to Bucharest can also be regarded as a fixed-tone trip. After Russia elected a new president, the west has been trying to find out the future diplomatic direction of Russia, especially whether its attitude towards the west will become more moderate. In fact, Putin’s "curtain call performance" in Bucharest has clearly explained everything: resolutely safeguarding national interests is the bottom line of Russian diplomacy. As long as you don’t touch this bottom line, everything is negotiable. Russia’s national interests determine that its diplomacy can only adopt such a posture, which is not something that anyone can change if he wants to. In this sense, Putin’s words and deeds in Bucharest also set the tone for the diplomatic line and policy of the next President of medvedev. (Chen Dawei)

Editor: Li Erqing

　　The Fifth Plenary Session of the 18th CPC Central Committee put forward the idea of "deeply implementing the innovation-driven development strategy and giving play to the leading role of scientific and technological innovation in all-round innovation". China has entered the Internet era. To implement the innovation-driven development strategy and build an innovative country, we must promote the development of "internet plus Science and Technology" and innovate the development model of science and technology in China.

　　Comrade Deng Xiaoping pointed out that "science and technology are the primary productive forces". Although China is an economic power, and its GDP ranks second in the world, it is not yet an economic power. One of the fundamental reasons is that China’s scientific and technological innovation ability is still relatively weak. In September this year, the World Intellectual Property Organization, Cornell University and Yingshi International Business School jointly released the 2015 Global Innovation Index. Among the 141 economies in the world, Switzerland, Britain, Sweden, the Netherlands and the United States ranked in the top five, and Chinese mainland ranked 29th.

　　The Fifth Plenary Session of the 18th CPC Central Committee put forward the idea of "deeply implementing the innovation-driven development strategy and giving play to the leading role of scientific and technological innovation in all-round innovation". China has entered the Internet era. To implement the innovation-driven development strategy and build an innovative country, we must promote the development of "internet plus Science and Technology" and innovate the development model of science and technology in China.

　　First, promote the disclosure of scientific and technological information with "internet plus". For a long time, there has been a problem of repeated research and development of science and technology and repeated investment in science and technology funds in China, which not only wastes the time and energy of science and technology workers, but also wastes the limited science and technology funds of the central and local governments. An important reason for this situation is "information asymmetry", that is, a science and technology worker does not know whether others have carried out relevant research, and a science and technology department does not know whether other science and technology departments have funded similar projects.

　　Internet is a connector to eliminate "information asymmetry". For example, through the establishment of a national unified Internet-based information platform for scientific and technological projects, cross-regional and cross-departmental information sharing of scientific and technological projects can be realized. Before funding a project of a scientific and technological staff, the competent department of science and technology should first inquire about similar projects and the funded situation of the scientific and technological staff, so as to avoid repeated investment in scientific and technological funds. The research results of non-confidential scientific and technological projects invested by the government should be made public to the whole society through the Internet. The contents published through the Internet include the general situation of scientific and technological projects, research reports, published related papers, experiments or test data, developed samples and prototypes, etc.

　　In the field of scientific research, many European and American countries have launched an "Open Access" movement, aiming at opening up the scientific research results funded by the government to the public. The governments of these countries believe that scientific research funds come from taxpayers and scientific research results should be open to taxpayers. In 2013, the Obama administration issued an executive order requiring that government-funded research should be open to the public free of charge within one year of its publication, involving 15 units including the National Science Foundation, the Ministry of Education and NASA.

　　In September this year, the Central Office and the State Council issued the "Implementation Plan for Deepening the Reform of the Science and Technology System", proposing "to fully implement the national science and technology reporting system, establish a service mechanism for sharing scientific and technological reports, and take the submission and sharing of scientific and technological reports as the basis for subsequent support to the project undertaker". To this end, a national database of scientific and technological reports should be established, in which non-confidential scientific and technological reports should be made public to the whole society through the Internet.

　　Publicizing scientific and technological information through the internet can not only reduce repeated research and development and repeated investment in scientific and technological funds, but also make scientific and technological workers truly "stand on the shoulders of giants"; But also can promote the docking of supply and demand between scientific and technological development units and potential users, and improve the transformation rate of scientific and technological achievements in China; We can also reduce some other bad phenomena in the field of science and technology by introducing social supervision, such as rent-seeking and corruption caused by black-box operation of science and technology projects, appropriation of other people’s scientific research achievements, forgery of experimental data or products and other misconduct.

　　Second, promote the sharing of scientific and technological resources with "internet plus". The Implementation Plan for Deepening the Reform of the Science and Technology System proposes to establish a unified and open national network management platform for scientific research facilities and instruments, bring all qualified scientific research facilities and instruments into the platform management, and establish an open sharing system and operation subsidy mechanism for major national scientific research infrastructure and large scientific research instruments. In addition to scientific research facilities and instruments, scientific and technological resources include scientific and technological talents, scientific and technological capital resources, scientific and technological information resources and natural resources.

　　To carry out collaborative innovation and make scientific and technological work form a joint force, we must promote the sharing of scientific and technological resources. The key to promoting the sharing of scientific and technological resources is to find out the family background, clarify the present situation of scientific and technological resources in China, and eliminate the "information asymmetry" between the supply and demand sides of scientific and technological resources. For example, establish a national database of scientific and technological talents, and include scientific and technological personnel with senior titles or doctoral degrees in the national database of scientific and technological talents. The data items include basic information such as name, date of birth, place of origin, educational experience, hosting or participating in scientific research projects, scientific research achievements and contact information. Integrate scientific and technological information resources such as scientific documents and scientific data, establish scientific and technological databases and platforms, and provide scientific and technological information services through the Internet.

　　Third, promote the innovation of science and technology model with "internet plus". Whether it is an enterprise, a university or a scientific research institution, the number of scientific and technological personnel it has is always limited, and the ability of scientific and technological personnel is often limited. Many enterprises, universities and research institutes have encountered scientific and technological problems that cannot be solved by the scientific and technological personnel of their own units alone.

　　In recent years, a new model-Internet crowdfunding has emerged in the field of scientific and technological innovation. American innovation websites have gathered more than 300,000 people around the world and have solved 1,700 top technical problems for the world’s top 500 enterprises. "How to accurately predict solar flares and keep the space shuttle from bad weather" has puzzled NASA scientists for 30 years. In 2010, this puzzle was published on this website. 120 days later, Bruce Kragen, a retired radio engineer in New Hampshire, provided the solution.

　　As the saying goes, the master is in the people and the wisdom is in the people. At the executive meeting of the State Council held on June 24th this year, Premier Li Keqiang pointed out: Great things can be achieved by gathering wisdom from many people. We should give full play to the superposition effect of "China wisdom" and inspire the wisdom of hundreds of millions of people through the Internet. Scientific and technological innovation through internet crowdfunding can make regions and units that are short of scientific and technological talents realize "not wanting everything, but seeking use" for scientific and technological talents, and to some extent alleviate the problems caused by the uneven distribution of scientific and technological resources in China.

　　Fourth, promote the development of "intellectual property rights in internet plus". Intellectual property is the most important embodiment of scientific and technological innovation, and the competent department of intellectual property should do a good job in the creation, application, protection, management and service of intellectual property with Internet thinking.

　　Support the construction of third-party intellectual property information platform, eliminate the "information asymmetry" between intellectual property owners and potential intellectual property buyers or users, and promote the docking of intellectual property supply and demand and the transformation of scientific and technological innovations. Strengthen the protection of intellectual property rights by using the internet. Publicizing the information of intellectual property law enforcement cases through the Internet, effectively deterring infringers. Accelerate the construction of intellectual property credit database, intellectual property credit information system and intellectual property credit information network, and carry out joint credit punishment on legal persons and natural persons who maliciously infringe intellectual property rights, so as to increase their opportunity cost of breaking the law. Implement online services, and let users know the acceptance, review progress and review results of their patent applications in a timely manner through the App of the competent intellectual property department. Support intellectual property service institutions to innovate business models through "internet plus". Support third parties to establish intellectual property service apps, integrate intellectual property service resources, and provide online consultation, online trading, online comments and other services.

　　Authors: Zhang Ming and Guo Guangyin (both special researchers of the New Era Socialism with Chinese characteristics Thought Research Center, the supreme leader of Jiangsu Province)

　　Culture is related to the country’s foundation and national luck, and the great rejuvenation of the Chinese nation cannot be achieved without the prosperity of culture. It is our new cultural mission in the new era to continue to promote cultural prosperity, build a cultural power and build a modern civilization of the Chinese nation at a new starting point. Since the 18th National Congress of the Communist Party of China, the historic achievements in propaganda, ideological and cultural work lie in the fact that the General Secretary of the Supreme Leader is at the helm and the scientific guidance of Socialism with Chinese characteristics Thought in the new era of the Supreme Leader. General Secretary Supreme Leader’s new ideas, new viewpoints and new judgments on cultural construction in the new era are rich in connotation and profound in exposition. They are the theoretical summary of the practical experience of the Party’s cultural construction in the new era, enrich and develop Marxist cultural theory, constitute the cultural chapter of Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, and form the cultural thought of Supreme Leader. Adhering to the guidance of the supreme leader’s cultural thought and building the modern civilization of the Chinese nation in the great practice of deepening Chinese modernization is an inherent and inevitable requirement for realizing the great rejuvenation of the Chinese nation, and it is also an important task put forward by historical progress and the development of the times.

　　1. Leadership: firmly adhere to the party’s cultural leadership.

　　Propaganda and ideological and cultural work is related to the future and destiny of the party, the long-term stability of the country, the national cohesion and centripetal force, and it is an extremely important work. As an important manifestation of superstructure, culture is a theoretical reflection based on a specific economy, a concentrated expression of a specific class position and class interests, and has distinct ideological attributes. The Communist Party of China (CPC)’s leadership is the most essential feature of Socialism with Chinese characteristics, and upholding the overall leadership of the Party is the fundamental guarantee for promoting the development of modern civilization of the Chinese nation in the right direction.

　　Consolidate the guiding position of Marxism in the ideological field. The Fourth Plenary Session of the 19th CPC Central Committee established the fundamental system of adhering to the guiding position of Marxism in the ideological field, which is a historical conclusion and a realistic necessity. Marxism, with its thorough scientificity, popularity, practicality and openness, illuminates the road for human beings to explore the truth and realize liberation, and also rewrites the track of social and historical development in China since modern times, enabling the people of China to realize the ideological transformation from passive to active. The "modern" dimension of Chinese modern civilization is endowed by the scientific truth of Marxism from the perspective of world outlook and methodology. Chinese traditional civilization emerged into a contemporary form under the "activation" of Marxist truth power, and realized a modern transformation in the interaction with contemporary practice and contemporary life.

　　Consolidate the common ideological foundation of the United struggle of the whole party and the people of the whole country. Ideals and beliefs are the "master switch" of world outlook, values and outlook on life. In the new era and new journey, we must strengthen the lofty ideal of communism and the common ideal of Socialism with Chinese characteristics, and consolidate the ideological foundation of the people’s United struggle throughout the country. Socialism with Chinese characteristics Thought, the supreme leader in the new era, adheres to the Marxist standpoint, viewpoint and method, adheres to the basic principles of scientific socialism, profoundly sums up and makes full use of the historical experience of the party’s century-long struggle, inherits and carries forward the essence of Chinese excellent traditional culture, enriches and develops Marxism with brand-new ideological content according to the development and changes of the times and practice, and forms a systematic and scientific theoretical system. To create a new culture that belongs to our era and build a modern civilization of the Chinese nation, we must persistently arm our minds, guide practice and promote work with the Party’s innovative theory.

　　Carry out the overall leadership of the party in all aspects of propaganda, ideological and cultural work. The Communist Party of China (CPC) is not only an active leader and practitioner of China’s advanced culture, but also a faithful inheritor and promoter of Chinese excellent traditional culture. Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has systematically planned and deployed the propaganda and ideological and cultural work from the overall situation and strategic height. Held two national conferences on propaganda and ideological work, emphasizing that "the whole party must do a good job in propaganda and ideological work"; At the symposium on literary and artistic work, he pointed out that "the leadership of the party is the fundamental guarantee for the development of socialist literature and art"; At the party’s forum on news and public opinion work, it was emphasized that "the media sponsored by the party and the government are the propaganda positions of the party and the government and must be surnamed the party"; At the symposium on network security and informatization, it is required that "where the masses are, our leading cadres will go"; At the symposium on the work of philosophy and social sciences, he pointed out that "strengthening and improving the party’s leadership over the work of philosophy and social sciences is the fundamental guarantee for the prosperity and development of the cause of philosophy and social sciences in China"; At the national conference on ideological and political work in colleges and universities, it was emphasized that "the Party’s leadership over the work in colleges and universities should be firmly grasped" … … China’s propaganda, ideological and cultural work is constantly opening up a new situation, and the party’s cultural leadership is always unshakable. It is the fundamental guarantee that the party’s leadership runs through all aspects and links of the work.

　　2. Spiritual foundation: strengthen cultural self-confidence and enhance historical initiative.

　　General Secretary of the Supreme Leader emphasized that "China has firm road confidence, theoretical confidence and institutional confidence, and its essence is cultural confidence based on more than 5,000 years of civilization inheritance". Only when a country or a nation has full confidence in its own cultural ideals and values, as well as its own cultural vitality and creativity, can it have the determination to persist, the courage to work hard and the vitality to innovate and create. Building the modern civilization of the Chinese nation is the proper meaning of strengthening cultural self-confidence, and it is also the concentrated expression and future extension of cultural self-confidence.

　　The core content of Chinese excellent traditional culture has become the most basic cultural gene of the Chinese nation, which exerts a subtle influence on China people’s way of thinking and behavior. General Secretary of the Supreme Leader pointed out: "Without the 5,000-year civilization of China, where would there be any China characteristics? If it is not the characteristics of China, how can we have such a successful Socialism with Chinese characteristics road today? " The world view, world view, social view and moral view contained in Chinese excellent traditional culture are highly compatible with the scientific socialist values. To build the modern civilization of the Chinese nation under the new historical conditions, we must keep the "root vein" of Chinese excellent traditional culture and absorb the wisdom and nourishment of contemporary China cultural construction from the rich resource pool of traditional culture; At the same time, we should go out of the "study" and "classics" to promote the creative transformation and innovative development of Chinese excellent traditional culture, so that it can be integrated with contemporary social production and contemporary cultural forms.

　　Revolutionary culture and advanced socialist culture are precious spiritual wealth with the characteristics of the times, national characteristics, China style and China style. They not only reflect the inheritance of Chinese excellent traditional culture, but also demonstrate the creative transformation and innovative development of Chinese excellent traditional culture, which is a powerful spiritual force to inspire the whole party and people of all ethnic groups to March forward courageously. In particular, the spiritual pedigree of the Communist Party of China (CPC) people, which originated from the great spirit of party building, is a vivid embodiment of revolutionary culture and advanced socialist culture, and has become a powerful spiritual driving force to inspire the whole party and people of all ethnic groups to explore a scientific road that conforms to their own reality with self-confidence and self-reliance, and to constantly overcome difficulties and move from victory to victory. Revolutionary culture and advanced socialist culture not only have profound nationality, but also have distinct characteristics of the times and politics. They are powerful forces to shape the internal characteristics of modern Chinese civilization and important support to highlight the socialist value attribute of modern Chinese civilization.

　　To strengthen cultural self-confidence and build the modern civilization of the Chinese nation, we must stick to our own path. On the basis of remarkable achievements since the founding of New China, especially since the reform and opening up, historic achievements and changes have taken place in the cause of the party and the state in the new era, which is the most solid foundation for promoting the construction of modern civilization of the Chinese nation and strengthening cultural self-confidence. General Secretary of the Supreme Leader pointed out: "The primary task of strengthening cultural self-confidence is to base on the great historical practice and contemporary practice of the Chinese nation, sum up China’s experience with China’s truth, and upgrade China’s experience to China’s theory, neither blindly following various dogmas nor copying foreign theories, so as to achieve spiritual independence." To strengthen cultural self-confidence and build a modern civilization of the Chinese nation is essentially to proceed from the historical depth of culture, profoundly grasp the inherent regularity and purpose of our choice of Socialism with Chinese characteristics road, and constantly enhance the theoretical confidence of unswervingly taking our own road from the cultural and civilized levels.

　　3. Fundamental method: further promote the "second combination"

　　General Secretary of the Supreme Leader pointed out: "‘ The second combination ’ It is another ideological emancipation that allows us to make full use of the valuable resources of Chinese excellent traditional culture in a broader cultural space and explore future-oriented theoretical and institutional innovations. " The "second combination" shows that our party’s understanding of China’s road, theory and system has reached a new height, that our party’s historical self-confidence and cultural self-confidence have reached a new height, and that our party’s consciousness of promoting cultural innovation in inheriting Chinese excellent traditional culture has reached a new height. Deepening the "second combination" is the fundamental way to build the modern civilization of the Chinese nation.

　　Correctly handle the relationship between modernity and tradition, that is, the relationship between Marxist theory based on modern mechanized mass production and Chinese excellent traditional culture based on natural economy. The "second combination" is not a rigid combination in form, nor a simple physical reaction, but a profound chemical reaction based on mutual integration. Through "combination", Marxism and Chinese excellent traditional culture have achieved each other, forming a modern new civilization that not only follows the basic principles of Marxism but also highlights the profound connotation of Chinese civilization. On the one hand, it activates Chinese excellent traditional culture with the power of Marxist truth, and through creative transformation and innovative development, it blends Chinese excellent traditional culture with Chinese modernization, with modern social life, and with contemporary cultural forms to become modern, thus developing the modern form of Chinese civilization. On the other hand, the great spirit and rich wisdom of the Chinese nation will be injected into Marxism at a deeper level, and the essence of Marxist thought will be integrated with the essence of Chinese excellent traditional culture, which will be fused into new theoretical advantages and make Marxism become China’s.

　　Explore future-oriented theoretical and institutional innovations in a broader cultural space. Chinese excellent traditional culture contains rich practical wisdom accumulated in the long history, which has important reference and enlightenment significance in the great practice of governing the country in the new era. From the people-oriented concept of "people are the foundation of the country" to the development idea of "adhering to the people-centered", from the great practice of "Taoism is natural", "harmony between man and nature" to "Lucid waters and lush mountains are invaluable assets", from "harmony among all nations" to "building a community of human destiny", the CPC Central Committee with the Supreme Leader as the core insists on combining the basic principles of Marxism with Chinese excellent traditional culture. We should dig deep into the unique cultural genes and spirit contained in Chinese excellent traditional culture, make full use of the precious resources of Chinese excellent traditional culture, and explore future-oriented theoretical and institutional innovations in a broader cultural space, which has provided a steady stream of power support for building the modern civilization of the Chinese nation.

　　Constantly consolidate the cultural subjectivity of the Chinese nation in "combination". A culture must have its own subjectivity in order to stand and go far. Since modern times, the Chinese nation has suffered from the disaster of "national humiliation, people’s hardship and civilization", and the cultural subjectivity has suffered a great impact. Rebuilding cultural subjectivity to realize the revival of civilization has become an important dimension to realize the great rejuvenation of the Chinese nation. The Communist Party of China (CPC) stands at the forefront of the times, shoulders the heavy responsibility of rejuvenation, unites and leads the people of China, takes root in China, adheres to the Chinese cultural stance, combines the basic principles of Marxism with the concrete reality of China and the excellent traditional Chinese culture, promotes the creative transformation and innovative development of the excellent traditional Chinese culture, inherits the revolutionary culture, develops the advanced socialist culture, draws lessons from and absorbs all the outstanding achievements of human civilization, and constantly consolidates the cultural subjectivity of the Chinese nation. The creation of the new era of the supreme leader, Socialism with Chinese characteristics Thought, is a powerful manifestation of cultural subjectivity.

　　4. Promotion path: adhere to the organic unity of taking root locally and facing the world.

　　Building the modern civilization of the Chinese nation is not only the renewal of civilization, but also a great creation based on the practice of contemporary China. We must firmly adhere to taking root in the native land and absorb the nutrients and strength of civilization construction from the great practice of comprehensively promoting the great rejuvenation of the Chinese nation with Chinese modernization; Adhere to openness and tolerance, and constantly enrich the garden of human civilization in promoting exchanges and mutual learning among civilizations.

　　Consolidate the realistic foundation of building the modern civilization of the Chinese nation with Chinese modernization. Building the modern civilization of the Chinese nation is not to "sort out the national heritage" by returning to the study, nor is it simply to transform the traditional cultural expressions with modern concepts, but to make the excellent traditional Chinese culture adapt to modern production and connect with modern life. The modern civilization of the Chinese nation should be constantly generated in the great practice of Chinese-style modernization, and constantly mature in the mutual blending and adjustment with modern production and modern culture. Chinese-style modernization not only endows Chinese civilization with modern power, but also constructs a profound cultural heritage of Chinese-style modernization. As General Secretary of the Supreme Leader pointed out: "Chinese-style modernization is to continue the modernization of ancient civilization, not to eliminate it;" It is a modernization that grows from the land of China, not the modernization of other countries; It is the result of the renewal of civilization, not the product of the fracture of civilization. " Chinese modernization not only follows the general law of modernization, but also highlights the distinctive characteristics of China’s reality and cultural factors; It not only represents the modern development direction of Chinese civilization, but also highlights the new form of human civilization development, providing a steady stream of nutrients for the construction of modern civilization of the Chinese nation.

　　The modern civilization of the Chinese nation is both national and global. The concept expression of Chinese modern civilization includes two key words: "Chinese nation" and "modernity". "Chinese nation" shows the "Chinese and Western dimensions" of civilization construction, while "modernity" shows the "ancient and modern dimensions" of civilization construction. In fact, since modern times, people with lofty ideals in China have always been faced with the "dispute between ancient and modern China and the West", and there is a bipolar opposition between "total westernization" and "retro conservatism". Chinese civilization is a collection of diverse cultures, and it has outstanding inclusive characteristics, which fundamentally determines the openness of Chinese culture to the world civilization. The Communist Party of China (CPC) insists on not forgetting the original, absorbing foreign countries and facing the future, and correctly handles the dialectical relationship between the native land and the world, tradition and modernity in deepening the "two combinations", thus building a scientific path for the construction of modern civilization of the Chinese nation. General Secretary of the Supreme Leader pointed out: "After long-term efforts, we are more qualified to crack ‘ The dispute between ancient and modern China and the West ’ ,It is also more urgent than any previous era to need a batch of cultural achievements that melt and cast ancient and modern, and connect China and the West. To build the modern civilization of the Chinese nation, we must realize the organic unity of "adhering to the ancestors" and "speaking new words". We must not only inherit and develop China’s excellent traditional culture under the new historical conditions, but also uphold the concept of civilized exchange and mutual learning, constantly absorb all positive achievements of human civilization, promote the localization of foreign cultures, and constantly create new forms of human civilization.

　　Guangming Daily (January 2, 2024, 06 edition)

In the past, Chinese-made cars always gave people the impression that they were only equipped with pure piles. With the efforts of generations of China automobile craftsmen, they not only made great progress in quality and cost performance, but also made great progress in all aspects. Many netizens left messages and wanted to see it. Today it came. Not much to say, let’s take a look.

Let’s look at the appearance of the Pentium B70S first. The front of the Pentium B70S looks very domineering and sporty. At the same time, the headlight presents an angular design style, and the visual effect coincides with the positioning of the whole vehicle. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4555 mm * 1850 mm * 1515 mm. The car uses simple and fashionable lines, which gives people a very unique feeling. With large-sized thick-walled tires, it gives people a very spiritual feeling. In the rear part, the overall shape of the rear echoes the front of the car, and the taillights are very fashionable and generous. Coupled with the unique exhaust pipe, the shape is sharp.

Sitting in the car, the interior design of the Pentium B70S looks more capable and enhances the sense of dignity. The car looks very good outside the steering wheel, made of leather, showing a sense of atmosphere. Let’s take a look at the central control. The car is equipped with a comfortable touch-control LCD central control screen, which makes the interior style impressive and looks very simple. The dashboard and seats are also eye-catching, the dashboard design is remarkable, and the sports atmosphere is in place. The car uses a leather/fabric mix seat, equipped with functions such as electric adjustment with memory and seat proportion down, and the overall ride feels soft and comfortable.

The Pentium B70S is matched with a wet dual clutch (DCT) gearbox, with a maximum power of 124KW and a maximum torque of 258N.m.

The car is equipped with driving mode selection, remote control key, rear wiper, interior ambient light, engine start and stop, etc. The configuration performance is passable and basically satisfactory.

Such a car with the right price is enough to meet the daily practical needs, and it doesn’t take much thought to maintain it at ordinary times, and the cost performance is good. If you are going to buy a car, you might as well think about it.

Guan Xiaotong is beautiful again!

At the opening of the 77th Cannes International Film Festival, many stars gathered together. You should know that besides the official invitation, the stars who can get on the red carpet can also be selected by media voting.

Therefore, Guan Xiaotong’s campaign is in line with public opinion.

As a post-1995 actress, Guan Xiaotong has appeared at the Cannes International Film Festival for the fifth time. She has not entered the shortlist this time, but was invited by the official (Ambassador of Greater China Tourism Promotion in Nice, France).

It is reported that she is wearing an antique dress that has been treasured for 16 years. It is a limited edition of a certain Gaoding in 2008. In order to match the dress, Guan Xiaotong also specially ironed her retro wavy hair, which is beautiful from head to toe, showing the elegance of the orientals.

Netizens are very satisfied with Guan Xiaotong’s dress, and bluntly say that she is a natural clothes rack and looks good in anything.

In fact, for other stars, Guan Xiaotong is not a very thin actress. She has broad shoulders and a strong physique, but she wins in that sweet face, which is somewhat similar to Liu Yifei.

Many people gave thumbs up to Guan Xiaotong’s outfit, but some people expressed their views that Guan Xiaotong’s makeup artist had never won, and this dress was old-fashioned and didn’t accord with Guan Xiaotong’s temperament at all.

When Guan Xiaotong became an adult, she was often called "rustic" by netizens. The media reported many times that she was wearing clothes that didn’t meet her identity, and her style was particularly exaggerated. She always felt that she had good conditions, but she didn’t have her own momentum and characteristics.

Perhaps, the kind of clothes that are too feminine and too royal are not suitable for Guan Xiaotong.

This time, on the red carpet in Cannes, Guan Xiaotong’s expression was particularly in place, and she waved POSS from time to time. The security personnel did not drive her away, and the reporter also aimed at Guan Xiaotong with long guns and short guns, for fear of missing the beautiful moment.

Guan Xiaotong’s every move shows the charm of China women, stunning the world, which is too embarrassing.

Guan Xiaotong made a splash abroad, while her boyfriend Lu Han vomited wildly at home, so everyone called him a "silly roe deer".

On May 15th, some media exposed the photos of Lu Han after work. He left with his friends, and then the car stopped slowly. Lu Han directly stood on the side of the road and vomited. The situation looked very bad.

Later, a friend got off the bus and handed a bottle of water. Lu Han gargled and communicated with his friends. This scene was quite funny.

The netizens who are familiar with Lu Han know that his stomach is not very good. I don’t know if he is unwell or drunk this time. In short, Lu Han, you should take good care of yourself.

With a pinch of fingers, Lu Han and Guan Xiaotong, the sweet CP, have passed the "seven-year itch". They have resisted the flood of entertainment and expressed their deep love for each other. Even their friends can’t help feeling: you are true love.

If there is an activity of "Top Ten Good Men" in the entertainment circle, Lu Han is definitely among them.

Back in those days, he was the top player in internal entertainment, and public love was undoubtedly "seeking death". Sure enough, when Lu Han became public, a large number of fans publicly abused him, decisively took over, and even fanatics threatened him.

From then on, Lu Han and Guan Xiaotong started a love full of thorns.

During that time, Lu Han’s career was extremely frustrated, and the notice was almost zero. The "culprit" of all this was Guan Xiaotong.

As a child star, Guan Xiaotong’s acting skills are recognized by people in the industry, and she doesn’t care much about fame and fortune. Therefore, even if the family background is prominent, it is still humble and polite.

Guan Xiaotong’s personnel setting is relatively positive. They have been through ups and downs for so many years, which is rare in the changeable entertainment circle.

Guan Xiaotong once said: True love doesn’t need to show off, just know it yourself.

Lu Han is really lucky to find such a good girl.

I believe that actions speak louder than words, and time is the best way to prove everything.

Two people have been together for so many years, which shows how deep their feelings are.

In the future, I hope you will continue to support the two and wish them an early marriage.

Editor in charge:

　　As the saying goes, "bull market makes people crazy, bear market makes people grow". In the past year, all investors of A shares must have felt deeply about this. From the "leveraged bull" and "reformed bull" at the beginning of the year, to the huge earthquake in the middle of the year and the gradual stabilization at the end of the year, investors generally felt the feeling of riding a roller coaster, and the scenes of "down limit of thousands of shares", "daily limit of thousands of shares" and even "suspension of thousands of shares" also increased everyone’s knowledge. On the first trading day in early 2016, investors may wish to review the A-share market in 2015, hoping that the future market can move forward in reflection and truly let investors feel the dividends brought by the "reform cow" in the new year.

　　9.4%

　　A-shares rose by 9.4% in 2015, the first time in eight years that they rose for two consecutive years.

　　72%

　　What is violent shock? In 2015, the annual amplitude of the Shanghai Composite Index was as high as 72%. The warning of ambush in the ups and downs of the market is never out of date: the stock market is risky and investment needs to be cautious.

　　5178.19

　　On June 12, 2015, the Shanghai Composite Index reached the highest point of this bull market: 5178.19 points, setting a new high in the past seven and a half years. Li Daxiao, chief economist of Yingda Securities, called this "the top of the earth".

　　2850.70

　　From June 15th to August 26th, the Shanghai Composite Index dropped by 45%, and the lowest point was 2850.70 on August 26th, and the biggest drop of the Growth Enterprise Market was 56%.

　　20222

　　The data shows that in 2015, the per capita profit of A-share shareholders was 20,222 yuan, with a yield of 12.41%. The proportion of profitable people is 62%, and the proportion of losing people is 38%. Shareholders with a profit rate of less than 20% accounted for the largest proportion, accounting for 46.52%; 22.77% made a profit of more than 50%. Among the shareholders who lost money, the proportion of shareholders who lost less than 20% was 51.84%, and the proportion of shareholders who lost more than 50% was 8.08%. Among the profit-making people, about 70% of the shareholders earn less than 50,000 yuan, and about 80% of the shareholders lose less than 50,000 yuan. According to the regional ranking, Shanghai investors are the most profitable, with a per capita profit of 39,950 yuan.

　　5129

　　By the end of 2015, there were 5,129 companies listed on the New Third Board, 3.26 times that at the end of 2014; The total market value reached 2.46 trillion yuan, 4.35 times higher than the total market value of 459.1 billion yuan at the end of 2014. At present, the price-earnings ratio of the New Third Board is 47.23 times.

　　Sun-drying A-share transcripts

　　Name Current Price 2015

　　margin of increase

　　Venezuela IBC14588.25278.06%MSCI Jamaica 2010.4193% Shenzhen Component Index 12664.8914.98% Germany DAX10743.0113.45% Shanghai Composite Index 3539.189.41% Nikkei 22519033.719.01.

　　From the perspective of the world, A-shares delivered a good report card in 2015, with Shenzhen Component Index slightly ahead of Germany DAX Index, followed by Shanghai Composite Index. However, A-shares are not the most "crazy" stock market. In fact, the most "crazy" stock market in the world is Venezuela, with an increase of 278%, and the Venezuelan stock market has been ranked first in the global stock market for several consecutive years. However, the surge in Venezuela’s stock market is not due to the strong economy. On the contrary, the rise in Venezuela’s stock market is mainly the result of the currency collapse. Some analysts said that panicked investors used the stock market to hedge against the rapid depreciation of the currency. The market index of Jamaica Stock Exchange, a Caribbean island country, ranked second in the world with an increase of 93% during the year.

　　Thousand-share limit

　　The thousand-share limit is probably one of the most representative shots of the stock market turmoil in 2015. According to statistics, the market has fallen by more than 5% for more than 10 times this year, with the biggest drop of 8.49% on August 24, while the previous drop of more than 8% was on July 27, less than a month apart. The plunge occurred intensively in June, July and August.

　　From June 19, 2015 to September 16, 2015, in just three months, there were 16 scenes of A-shares’ daily limit, and it was very rare that there was a daily limit of 1,000 shares in an average of four trading days. It is worth noting that there was a daily limit of more than 2,000 shares on August 24th, and only 15 stocks rose, which was the least among the previous daily limit of 1,000 shares. The turnover was also at the level of land volume, and the market was extremely weak. Statistics show that this round of turmoil has reduced the market value of circulation in Shanghai and Shenzhen stock markets by a total of 22.9 trillion yuan, and the per capita loss of investors is nearly 240,000 yuan, with a loss ratio as high as 40%.

　　Specifically, the margin financing and securities lending system has given the A-share futures market-oriented core, but some analysts believe that the rapid proliferation of leverage has shaken the fulcrum of the market (the financing scale exceeded 100 billion yuan in mid-January 2013, 23 months later, it exceeded 1 trillion yuan in mid-December 2014, and reached a historical peak of 2.27 trillion yuan on June 18, 2015). The abnormal scale comparison of margin financing and securities lending hinders the hedging of the market’s long-short mechanism (on April 9, 2015, the balance of margin financing reached a record high of 10.233 billion yuan, while the financing scale peaked at 2.27 trillion yuan, which was 222 times that of the former).

　　In addition, some insiders attributed the A-share plunge to the high proportion of retail investors: as of the end of September 2015, 76.25% of the accounts held less than 100,000 yuan, and only 2.13% held positions with a market value of more than 1 million yuan.

　　2015 "National Team" Rescue Timetable

　　★ On June 27th, after the "6.26" plunge of more than 7%, the central bank announced that financial institutions would implement the targeted cuts to required reserve ratios and cut interest rates by 0.25 percentage points from June 28th.

　　★ On July 1st, Shenzhen-Shanghai Stock Exchange announced that it would reduce the market transaction costs. When the plunge occurred, the CSRC relaxed the restrictions on the two financings, and the brokers and customers negotiated on their own.

　　★ On July 3, the CSRC suggested reducing the number of IPOs; Under the direct intervention of the State Council, 28 companies in Shanghai Stock Exchange and Shenzhen Stock Exchange suspended their IPOs and returned the subscribed funds.

　　★ On July 3, the CSRC said that Central Huijin Company had entered the market and bought shares to save the market.

　　★ On July 4th, 25 Public Offering of Fund companies announced that they would actively purchase partial stock funds.

　　★ On July 4th, 21 securities companies announced that they would invest in the purchase of blue-chip stocks of not less than 120 billion yuan.

　　★ On July 5th, the central bank announced that it would provide unlimited liquidity support to the securities companies, and the CSRC confirmed that central huijin had bought the open-end fund index ETF. CICC restricts the opening of futures positions, especially the malicious short positions.

　　Securities companies buy a large number of shares in the capacity of "stabilization fund". From entering the market in early July to August 14th, the Securities and Futures Commission announced "generally not entering the market", and the total amount of funds used to rescue the market was at least 1.5 trillion yuan. According to Wind’s statistics, as of September 30th, among the top 10 tradable shareholders disclosed by A-share listed companies, there were 1,365 listed companies, accounting for 49% of A-shares, including 561 in Shanghai, 233 in Shenzhen, 354 in small and medium-sized board and 217 in Growth Enterprise Market, accounting for about 7% of the total A-share tradable shares.

　　HOMS system and umbrella trust

　　Noun interpretation

　　HOMS is a system developed by Hang Seng Electronics Company in 2012, and its full name is "Hang Seng Order Management System". HOMS system has two important functions: first, it can separate the assets managed by private equity funds and hand them over to different traders for management; The second is to divide positions flexibly, thus solving the practical problems such as insufficient traders and division of positions in private equity funds.

　　In actual operation, the fund-matching company uses HOMS system to distribute the funds under a securities account into several independent small units for independent trading and accounting functions (that is, umbrella warehouse). Through cooperation with brokers, it provides leveraged transactions in the name of entrusted fund management or income exchange. The parent account is directly connected with brokers by HOMS system, and the sub-accounts are distributed to individuals for operation, and the annual interest of financing is agreed. In this process, the real-name registration system of the securities firm is completely overhead, and the fund-raising company acts as a fund broker. The essence of its business is to raise funds at a relatively low interest rate from financial institutions such as banks or higher-level fund-raising platforms, and then lend them to investors for stock trading at a higher interest rate, thus earning the intermediate interest margin. It can be said that through HOMS system, OTC fund-raising companies easily broke through the restrictions of account real-name registration system, and started trading with brokers and banks, and were not regulated.

　　Before HOMS appeared, off-site fund-raising had existed for a long time. However, the previous off-site fund-raising was conducted in an offline and manual way, which was always difficult to expand due to the restrictions of account opening, capital and manpower. With the help of HOMS system, under the wave of Internet finance, a large number of P2P platforms set foot in the fund-raising business, and easily mobilized highly leveraged fund-raising funds by batch processing the fund-raising demand. At the same time, a large number of funds from the banking system also flowed into the stock market through fixed-income products, which formed a potential risk to the entire financial system.

　　In fact, HOMS is not the only tool for OTC fund-raising to access securities companies. According to the data disclosed by China Securities Association on June 30th, OTC fund-raising is mainly operated through the HOMS system of Hang Seng Company and the systems of Shanghai Mingchuang and Straight Flush. The customer assets accessed by the three systems totaled nearly 500 billion yuan, of which HOMS system was about 440 billion yuan, Shanghai Mingchuang was about 36 billion yuan, and Flush was about 6 billion yuan.

　　On July 13, 2015, the CSRC organized inspection and law enforcement forces to go to Hang Seng Electronics to interview relevant executives. On July 16th, after the visit of the Supervision Bureau, Hang Seng Electronics announced that it would close the HOMS account opening function and would not increase the capital of the existing account.

Text | Niu Dao Finance Jiang Tong

With the success of Company No.9, Gao Lufeng entered the Red Sea of electric bicycles.

The electric bicycle industry is extremely involuted, which goes deep into villages and towns in China. It is not easy to get out of many enterprises, and the secret of the success of Company No.9 is the differentiated high-end.

Not long ago, Company No.9 held a new product launch conference. Gao Lufeng, founder and chairman of No.9 Company, said, "Based on our scientific and technological innovation and market insight, we hope to make the blue ocean bigger and the red sea blue, and win-win with the market and users."

In the eyes of the public, Company No.9, which firmly occupies the high-end market of electric vehicles, seems to be the most promising king to subvert the electric vehicle market.

However, if a fish knows how to drink cold and warm, it will become a high-end company, and at the same time, Company No.9 can’t escape the niche.

For a long time, the sales volume of No.9 electric vehicle is not at the same level as that of Yadea and Emma.

According to Sina Finance, in 2022, the total annual sales volume of electric scooters and electric bicycles in Yadea was 14.01 million, while the annual sales volume of Emma’s electric bicycles and electric two-wheeled motorcycles was 10.51 million. According to the annual report of No.9 Company, as of March 2023, the cumulative domestic shipment of No.9 electric vehicles was 1.5 million.

With such a big sales gap, can Company No.9 really rely on hard-core technology to achieve counterattack?

Relying on science and technology, Company No.9 is firmly in the high-end market.

In 2012, Gao Lufeng and Wang Ye jointly founded Company No.9, mainly involved in the field of short-distance transportation.

Different from ordinary entrepreneurs, Gao Lufeng, who graduated from Beihang University majoring in aircraft manufacturing, has been focusing on science and technology and innovation since the beginning of his business.

Gao Lufeng once said: "The company’s performance growth is mainly based on continuous innovation, constantly improving the scientific and technological content of products and enabling products to land."

At that time, Company No.9 successfully earned the first bucket of gold by relying on the first generation of intelligent balance cars with self-balance status.

Around 2013, with the rapid growth of mobile phone business, Xiaomi announced the "Xiaomi Ecological Chain" plan, and prepared to invest in 100 AIoT enterprises in the next five years.

Gao Lufeng was keenly aware that this was an opportunity for the rise of Company No.9, so he reached a cooperation with Xiaomi Company. In 2014, with advanced science and technology, Company No.9 became a member of Xiaomi’s ecological chain, and received A-round investment of more than 80 million US dollars from stars such as Xiaomi, Sequoia and Shunwei.

Facts have proved that Gao Lufeng’s choice is very correct, and cooperation with Xiaomi has indeed laid the foundation for the future development of No.9 company.

On October 19, 2015, with the official appearance of the No.9 balance car at the Xiaomi conference, Lei Jun also announced that it would be sold in Xiaomi omni-channel, and the No.9 balance car quickly became popular in the market and instantly became a phenomenal explosion product.

At the same time, in order to improve the technical core strength of No.9 Company, in 2015, No.9 Company successfully acquired Segway, the originator of the world balance car. After the completion of the acquisition, Company No.9 not only owns more than 400 global industry core patents, but also becomes a global leader in the field of intelligent short-distance transportation.

Since then, with the development strategy change of No.9 Company, the balance car is no longer its core business, but its concept of product strength has not changed.

According to the data of iResearch, one of the important elements that more and more consumers consider when buying a car is intelligent function.

The No.9 electric vehicle has a strong lead over other products in software and intelligent technology. In December 2019, Company No.9 officially released its first intelligent electric two-wheeled vehicle, which not only has a product design with both practicality and recognition, but also brings a subversive riding experience with its technological sense design. Many No.9 users feel that "No.9 is Tesla in the electric vehicle industry", which will be unforgettable once it is used.

With advanced scientific and technological design, the No.9 electric vehicle has quickly occupied the high-end market of smart electric vehicles since its listing.

According to the annual report of No.9 electric vehicle, in 2020, the sales volume of No.9 intelligent two-wheeled electric vehicle will exceed 100,000 in the first year of listing; In 2021, the production and sales volume of No.9 intelligent two-wheeled electric vehicle reached 420,000, with a year-on-year growth rate of 300%; In 2022, the sales volume of No.9 intelligent two-wheeled electric vehicle was 826,000, with a year-on-year growth rate of 96.6%.

According to the data of "White Paper on Two-wheeled Electric Vehicle Industry in China in 2023", Company No.9 has always been the first in the high-end market of two-wheeled electric vehicles by continuously focusing on brand technology innovation. According to the comprehensive sales data of two-wheeled electric vehicles in 2022, among the high-end product lines of more than 5,000 yuan, the sales volume of Company No.9 is in the first position in the industry, among which among the top10 models with sales volume of more than 5,000 yuan, Company No.9 has 8 models on the list.

In October, 2020, Company No.9 was listed in science and technology innovation board, Shanghai Stock Exchange, and successfully completed a gorgeous turn of a startup.

02 high-end positioning, but in the embarrassing position of small profits.

With the rapid development of No.9 company, its revenue level has been rising in recent years.

According to the annual report of Company No.9, in 2020, Company No.9 realized annual revenue of 6 billion yuan, a year-on-year increase of 30.88%, turning losses into profits for the first time, and the net profit attributable to owners of the parent company was 73.3264 million yuan; In 2021, Company No.9 achieved annual revenue of 9.146 billion yuan, a year-on-year increase of 52.36%, and net profit attributable to owners of the parent company was 411 million yuan; In 2022, the revenue exceeded 10.1 billion yuan, a year-on-year increase of 10.7%, and the net profit returned to the mother was 451 million yuan.

However, although the operating income statement of Company No.9 is strong, its gross profit margin is not optimistic or even ugly.

According to the financial report of No.9 company, although the company’s operating income has increased year by year and the growth rate is not low, its gross profit margin has been declining all the way.

From 2018 to 2021, its gross profit margin was 28.86%, 27.42%, 27.69% and 23.23% respectively.

Although compared with other two-wheeled electric vehicles, the gross profit margin of No.9 electric vehicle is very considerable, but as a brand focusing on the high-end market, its revenue has increased well, but its gross profit margin has been declining, which is not a good sign.

All along, Company No.9 has been in an awkward position of small profits, which has a great relationship with the deep bundling of Xiaomi Company.

In the early days, relying on the big tree of Xiaomi Group, Company No.9 did not worry about order income even though its wings were not full. In 2017, Xiaomi Group contributed more than 1 billion yuan in orders to Company No.9, accounting for 74% of its total revenue; In 2018, Company No.9 received an order of 2.434 billion yuan from Xiaomi Group.

However, although the income is good, it is difficult for suppliers to obtain high profits because Xiaomi products win with cost performance.

According to the prospectus No.9, the products of Company No.9 are in a state of small profits because Xiaomi products are oriented to cost performance and mainly adopt the profit sharing model. From 2017 to 2019, the gross profit margin of Xiaomi’s products sold by No.9 Company was 22.46%, 20.79% and 15.11% respectively, while the gross profit margin of No.9 Company’s own brand was as high as 42.58%, and the gross profit margin of Xiaomi’s products was significantly lower than that of its own brand products.

In order to increase the gross profit margin, Company No.9 chose to gradually untie Xiaomi Company and reduce the proportion of Xiaomi products in the company’s operating income.

I have to say that this move has indeed improved the gross profit margin of Company No.9.. According to the financial report, in 2022, the gross profit margin of Company No.9 rose to 25.97%, up 2.74 percentage points year-on-year. However, the net interest rate of Company No.9 also dropped to 4.43%, down 0.03 percentage point from the same period of last year.

At the same time, after leaving Xiaomi, the performance growth of Company No.9 is basically at a standstill.

Although the revenue and net profit of Company No.9 in 2022 still showed a double increase trend, compared with 2021, the growth rate of revenue and net profit returned to the mother dropped significantly.

In this regard, Company No.9 explained to the media that due to the epidemic situation, the logistics in some areas was interrupted, which led to the shortage of some important raw materials and parts of the company, resulting in delayed delivery.

However, Zheshang Securities analyzed that there will be some pressure on the short-term income of Company No.9, which is actually related to the decline of Xiaomi channel income.

Obviously, although Company No.9 wants to leave Xiaomi to achieve soaring, it seems that the road ahead is not easy.

03 quality problems are frequent, and the prospect of No.9 is not optimistic.

What’s even more embarrassing is that although Company No.9 relies on powerful intelligent technology to achieve cornering overtaking in the two-wheeled electric vehicle market, its product quality problems are frequent, so it has been criticized by many consumers.

According to Shandong Business Daily, in June 2022, Ms. Liao, who lives in Shantou, Guangdong Province, bought a No.9 n70c electric bicycle worth 3,599 yuan in a local No.9 electric bicycle shop.

Unexpectedly, less than half a year after the purchase, there were various failures. Although several dashboards were replaced, they still failed to solve the problem. There are still system failures such as black screen, Bluetooth unable to connect, and APP showing that the vehicle is offline, but the vehicle has been unable to start and use normally, and it has become an electric brick.

On the black cat complaint platform, there are more than 8,100 complaints about No.9, most of which are about quality problems such as "the battery starved to death", "the intelligent system failed during the warranty period" and "the electric vehicle has great safety hazards".

In addition to frequent quality problems, consumers are also very dissatisfied with the after-sales service of No.9 company.

A consumer said on the black cat complaint platform that his No.9 electric car had 40 batteries left, but it broke down and couldn’t be started at all. After contacting the store, the other party asked him to send it to a 12-kilometer store by himself. After contact, no one handled it, and the store said that only one master could not come to the door. He was very disappointed with the after-sales attitude of Company No.9..

In the sampling inspection of relevant departments, the No.9 electric vehicle also failed many times.

In October 2022, Beijing Fengtai District Market Supervision Administration announced the results of product quality supervision and spot check in 2021, which showed that a No.9 electric bicycle produced by No.9 Technology Co., Ltd. was found to be unqualified, and the items involved were "speed warning sound and short circuit protection".

With more and more consumers complaining about the quality of No.9 electric vehicle after use, it will inevitably bring bad reputation to No.9 company.

Recently, in order to find a new growth curve, Company No.9 began to touch the "other economy", hoping to find a new competitive advantage in the unique consumption field of young women.

However, although this group has great consumption potential, it obviously has higher requirements and pays more attention to consumption quality, experience and service.

If Company No.9 can’t actively improve after-sales service and product quality, then the new growth curve may be just a mirage and may not be realized.

Although the dream of Company No.9 is good and it has advantages in the field of intelligence development, it still needs a lot of efforts to make the blue ocean bigger and the red sea blue.

[Know the way of the car industry] Let’s take stock of what big events happened in the car circle on October 19, 2024.

Automobile Event 1: Guangzhou Automobile Group plans to transfer the equity of BYD joint venture company for 104 million yuan.

On October 18th, Guangzhou Automobile Group announced its plan to publicly list and transfer all its shares in Guangzhou GAC BYD New Energy Bus Co., Ltd., a joint venture with BYD, with a reserve price of about 104 million yuan.

The equity transfer indicates that the cooperation between Guangzhou Automobile Group and BYD in the field of new energy buses is coming to an end.

Guangzhou GAC BYD New Energy Bus Co., Ltd., a joint venture between GAC Group and BYD, has been committed to the research and development and production of new energy buses since its inception. After the completion of the equity transfer, Guangzhou Automobile Group will no longer hold any shares of the company, and BYD has not given up its preemptive right.

Car incident 2: Buick GL8 launched a limited-time discount for business class on land, with 197,900 after the discount.

A few days ago, we learned from Buick officials that it launched preferential activities for its medium and large MPV——GL8 land business class model, with a limited-time preferential price of 19.79-25.09 million yuan. At the same time, the government also introduced a replacement subsidy of up to 30,000 yuan (the national trade-in subsidy is up to 15,000 yuan+the brand replacement subsidy is up to 15,000 yuan) and a variety of flexible financial programs.

Automobile Event 3: "MAEXRTRO Zunjie" will launch the Guangzhou Auto Show and be officially listed in early 2025.

Recently, at the 2024 World Intelligent Networked Automobile Conference, Yu Chengdong, managing director of Huawei, chairman of terminal BG and chairman of smart car solution BU, said that the first model of "MAEXRTRO Zunjie" jointly launched by Huawei and JAC Automobile will make its debut at the 2024 Guangzhou Auto Show, which opened on November 15th. It is expected that the new car will be officially launched before next spring, and its final price will exceed 1 million yuan. In addition, Yu Chengdong also said that in 2025, Huawei will launch ADS4.0 to realize L3-level assisted driving in commercial high-speed and pilot L3-level assisted driving in urban areas.

"Daily Car News", here is the latest car news of the day, please continue to pay attention to "Know the Way of Cars".