分类： ertr

Financial highlights "

Li Qiang meets Russian Prime Minister Dmitry Mishustin.

On the afternoon of October 25th, local time, the State Council Prime Minister Li Qiang met with Russian Prime Minister Dmitry Mishustin in Bishkek during the 22nd meeting of the Council of Heads of Government (Prime Ministers) of SCO member states. Li Qiang pointed out that China is willing to further align its development strategy with Russia, promote the joint construction of the "Belt and Road" and the Eurasian Economic Union, maintain the growth momentum of trade and investment cooperation, deepen cooperation in the energy field, and enhance the level of interconnection and trade liberalization and facilitation. China welcomes more Russian high-quality products to enter China and supports enterprises of the two countries to deepen cooperation in automobile manufacturing. The two sides should jointly run the China-Russia Cultural Year and expand exchanges in education and local areas. China is willing to strengthen cooperation with Russia within the framework of the SCO, promote in-depth cooperation in industrial chain and supply chain, expand cooperation in industrial manufacturing, digital economy and green development, and provide new momentum for regional economic growth. Mishustin congratulated China on successfully hosting the third "Belt and Road" international cooperation summit forum, saying that the comprehensive strategic cooperative partnership between Russia and China in the new era is at an unprecedented high level. Russia is willing to work with China to implement the important consensus of the two heads of state, support each other to safeguard their core interests, strengthen the docking of the "Belt and Road Initiative" with the Eurasian Economic Union, expand cooperation in the fields of economy, trade, energy and interconnection, run the Russian-Chinese Cultural Year well, deepen cooperation within multilateral mechanisms such as the SCO and BRICS countries, and promote the process of world multipolarization.

National Medical Insurance Bureau: In 2022, the data of residents’ medical insurance participation declined on the surface, but actually increased slightly.

Recently, the responsible comrades of the relevant departments of the National Medical Insurance Bureau were interviewed on the participation of basic medical insurance. The person in charge said that in 2022, China’s basic medical insurance participation rate was stable at over 95%. Due to the improvement of enrollment quality and the de-duplication of enrollment data, the enrollment data of residents’ medical insurance in 2022 was 983.49 million. Although it decreased on the surface compared with the previous year’s data, the real overall enrollment actually increased slightly due to the significant reduction of repeated enrollment, and the basic medical insurance enrollment market remained stable.

Next year’s Spring Festival holiday can take 8 days off train tickets, and the search volume of international air tickets will double.

On October 25th, the General Office of the State Council issued a notice on some holiday arrangements in 2024, including 8 days off during the Spring Festival. According to the data of Qunar, less than half an hour after the release of the Notice, the search volume of train tickets and international air tickets on the platform doubled during the Spring Festival of 2024; Passengers in Shanghai and Changsha have already purchased holiday tickets. From the destination point of view, after the news was released, the domestic destinations that Qunar platform users were most concerned about were Sanya, Dali, Beihai, Haikou and Xishuangbanna. The top five destinations for overseas search volume growth are Australia, Spain, Switzerland, France and New Zealand.

The average interest rate of the first home loan in 100 cities is as low as 3.88%, and the first-tier cities still maintain a high level.

According to RealData data, the average mortgage interest rate of the first and second homes in Baicheng dropped to 3.88% and 4.44% respectively in October. At the same time, the average lending period of banks this month is 20 days, which is the same as last month, maintaining a relatively fast lending speed. Specifically, in the first-tier cities, the interest rates of the first and second home loans in October were 4.38% and 4.88%, respectively, which were 10BP and 7BP； lower than last month. The interest rate of the first home loan in second-tier cities remained at 3.88% last month, and the interest rate of the second home loan was 4.45%, 10BP lower than last month. The interest rates of first and second home loans in third-and fourth-tier cities decreased by 2BP and 14BP to 3.85% and 4.41% respectively. It is understood that mortgage interest rates in first-tier cities remain at a high level, especially in Beijing and Shanghai. Among the 100 cities, only the first set of interest rates in first-tier cities is higher than 4%, and the second set of interest rates in 14 cities is higher than 4.4%.

Will Huawei take over the whole car sales system? Here comes the response.

On October 25th, it was reported that Huawei would fully take over the sales system of the international community, and all the sales staff of AITO International Community would join Huawei’s wholly-owned subsidiary "Shenzhen Huitong Business Co., Ltd." to become Huawei’s supernumerary employees, and all the signing changes would be completed next year. After the re-signing, Huawei will further control the sales service system of the industry, and control the sales strategy and workflow. The rent of Huawei’s offline stores is still paid by dealers, and the labor cost of sales staff is borne by Huawei. In this regard, AITO asked the community to respond that the information reported by the relevant media that "Huawei will fully take over the sales system of the community" is not true.

150,000 deposit changed to "purchase"? Chengdu Branch of Agricultural Bank of China: actually buying time deposit products.

After the incident that "the woman exposed 150,000 deposits and changed them into purchases privately by the Agricultural Bank of China" caused great concern, the Chengdu Branch of the Agricultural Bank of China responded to this. On October 25th, the relevant person in charge of Chengdu Branch of Agricultural Bank of China responded that the purchase of products mentioned by customers in the video is actually a time deposit business, which is handled in the form of "purchase" just like personal certificates of deposit.

Hu Zhenyu, the founder of Nut Projection, was restricted from high consumption and once exposed himself: I was kicked out of the company by the board of directors.

Recently, Hu Zhenyu, the founder of Nut Projection, was included in the list of untrustworthy people. According to the China Implementation Information Open Network, the Minhang District People’s Court of Shanghai filed a case on August 14, 2023 to execute the labor arbitration of "Shanghai Jinglan Technology Co., Ltd.". Because the company failed to fulfill the payment obligations specified in the effective legal documents within the time specified in the notice, it took measures to restrict consumption of Shanghai Jinglan Technology Co., Ltd. At the same time, Wu Zhan, the legal representative of Shanghai Jinglan Technology Co., Ltd., and Hu Zhenyu, the main person in charge, were included in the list of untrustworthy people. Previously, Hu Zhenyu, the founder of Nut Projection, was dismissed as the chairman. Late at night on September 8, Nut Projection issued a statement saying that Hu Zhenyu resigned as the chairman of the company for personal physical reasons and still served as a director of the company to guide the company’s strategic direction. Hu Zhenyu claimed to be "removed from the position of chairman of Nut and relieved of all duties of the company. It can be understood that I was kicked out of the company by the board of directors, which is related to its previous VR entrepreneurial project.

Important announcement "

Yonghe Medical: According to the share repurchase authorization, the maximum amount to be repurchased shall not exceed 10% of the total shares of the company.

Morgan Stanley: Ted Pick will be the CEO of the company

Meta: Revenue in the third fiscal quarter was higher than expected, and the number of monthly active users increased by 3% year-on-year.

Apple: It plans to completely reform the AirPods headset series, and some new products will be available next year.

Zhongji Xuchuang: The demand and order of the 800G optical module of the company’s AI major customers have not been revised or cut down.

Boeing: It is expected that the delivery volume of 737 series passenger aircraft will be the same as that in September.

Amazon: Introducing artificial intelligence image generation function

Renault: It will invest 3 billion euros to launch eight new models.

Tongxing Environmental Protection: The national key R&D plan projects that the company participated in were approved.

Hongxin Electronics: We are stepping up communication with a number of NVIDIA channel providers.

Yuanxing Energy: The third and fourth production lines of the first phase of Alashan natural alkali project have not been put into trial operation yet.

Jiejia Weichuang: Net profit in the third quarter was 471 million yuan, up 50.51% year-on-year.

Sichuan Changhong: The net profit in the third quarter was 277 million yuan, a year-on-year increase of 273.17%.

Overseas market "

The three major indexes of US stocks collectively closed down, and popular technology stocks generally fell.

The three major indexes of US stocks collectively closed down, with the Dow down 0.32% and the Nasdaq down 2.43%, the biggest one-day drop since February. The S&P 500 index fell 1.43%, popular technology stocks generally fell, and Google fell over 9%, the biggest one-day drop since March 2020. Amazon fell over 5%, Meta and NVIDIA fell over 4%, and Tesla and Apple fell over 1%. Robotics, semiconductors and software applications have fallen, with Nano Semiconductor, Snap, Intel and AMD falling by more than 5%, NXP and Qualcomm falling by more than 4% and ASML falling by nearly 3%. Packaged food, pharmaceutical retail, oil and natural gas sectors rose, General Mills and Hormel Foods rose more than 3%, Imperial Oil and Senke Energy rose more than 1%.

Us bond yields rose across the board.

Late in new york on Wednesday (October 25th), the yield of the US 10-year benchmark treasury bonds rose by 11.49 basis points to 4.9378%, with intraday trading ranging from 4.9570% to 4.8040%. The yield of two-year US bonds rose by 4.6 basis points to 5.1185%, with intraday trading in the range of 5.1290%-5.0499%. The yield spread of three-month Treasury bonds /10-year US bonds rose by 8.964 basis points to -53.480 basis points. The yield spread of 02/10-year US bonds rose by 11.043 basis points to -18.281 basis points.

Major indexes of European stocks closed higher.

Germany’s DAX30 index rose 0.11%, Britain’s FTSE 100 index rose 0.33%, France’s CAC40 index rose 0.31%, and Europe’s Stoxx 50 index rose 0.15%.

The settlement price of crude oil futures closed up.

WTI December crude oil futures settlement price closed up 1.97% to 85.39 USD/barrel; Brent December crude oil futures settlement price closed up 2.34% to $90.13/barrel.

Gold futures closed higher.

Comex December gold futures closed up 0.44% at $1994.90 per ounce; Comex December silver futures closed down 0.47% at $23.007 per ounce.

Sources: Xinhua News Agency, CCTV News, Cailian Association.

Crossing the threshold of 100,000 vehicles a year, the Great Wall Cannon led the pickup truck market and staged the Great Wall speed.

In recent years, with the implementation of the policy of lifting the ban on pickups in many parts of the country, pickups with better practicability and passability than cars and SUVs have gradually entered the public’s field of vision, and gradually formed the pickup culture in China. Great Wall Motor took advantage of this east wind to launch the Great Wall Gun, and then began a rapid growth process. On October 26th, the Great Wall Gun officially rolled off the assembly line at Chongqing Smart Factory of Great Wall Motor. This achievement took only one year.

In order to thank the users and celebrate the Great Wall Gun crossing the threshold of 100,000 vehicles, Great Wall Motor brought a "Let’s Fire Supersonic Electronic Syllables", and invited Summer, phonograph band, poly-C band and other powerful singers to sing, with DJ singing and dancing. In addition, Great Wall pickup truck has also released a brand-new user operation strategy, fully releasing "user value" and truly realizing "user-centered"!

Looking back on the development process, although Great Wall Motor began with pickup trucks, Great Wall pickup trucks truly achieved brand independence and became the fourth largest brand of Great Wall Motor after Haval, Wei and Euler. It was on September 28, 2018, and the time was not long. After the brand became independent, the Great Wall pickup truck was officially put into production in August of the following year. Ten thousand vehicles were put into production in less than a hundred days, and 100,000 vehicles have been achieved so far, which is only over a year. Its development speed is surprising.

Today, the Great Wall Gun already owns passenger pickup trucks, commercial pickup trucks and off-road pickup trucks, which fully cover the needs of vehicles in all circles and meet the increasingly diversified market changes. With the support of rich product matrix, the Great Wall Cannon resisted the impact of the epidemic. In September this year, the sales volume reached 11,200, and the sales volume exceeded 10,000 for five consecutive months, once again defending the single-model sales champion in the pickup truck market. With the help of Great Wall Cannon, the cumulative sales volume of Great Wall pickup trucks in the first three quarters of this year was 160,351 vehicles, up 63% year-on-year, accounting for nearly 50% of the entire pickup truck market.

In addition to the charm of the product itself, the basic support behind the product is also an important reason for the rapid development of the Great Wall Gun. Chongqing Smart Factory of Great Wall Motor, which held the off-line ceremony of the Great Wall Gun, is the fifth full-process vehicle production base of Great Wall Motor in the world and the production base of Great Wall Gun, which took 14 months to complete and put into production. Relying on Chongqing, Great Wall Motor can radiate Chengdu-Chongqing Economic Zone, run through the Yangtze River Economic Belt to the east, cover the whole Southeast Asian market by Trans-Asian Railway to the south, and radiate the vast northwest region by relying on the advantages of Chongqing-New Europe Railway to the west, which makes Great Wall Motor closer to the market terminal and provides powerful conditions for sales.

It is worth mentioning that the Great Wall pickup truck always takes users as the center and insists on creating with users. Among them, the Great Wall Gun will help the elevation survey of Mount Everest in 2020, build the Great Wall Gun Road Asia International Championship and Motorcycle Culture Festival, escort the Beijing bicycle race and Himalayan extreme cross-country running, and play Alashan, etc., with the brand-new gameplay of "cross-border, circle and co-creation", and build a full-scene pickup truck life for users, so that more consumers love pickup trucks.

On this electronic syllable, Great Wall Motor even announced that it has launched a brand-new user operation strategy in an all-round way, with the core of meeting users’ needs, built a full-dimensional user service platform, created a new life of full-scene pickup trucks, and promoted the rapid development of pickup truck culture in China.

Specifically, first, build a user interaction platform: build a pickup truck culture base camp in China with the concept of fully upgraded digital user service. Second, promote the development of pickup truck refitting culture: integrate professional refitting cooperation, provide professional services and events for car owners, and build an exclusive circle of riders. Third, build a multi-level growth system for users: create a travel guidebook, where to play, how to play, and in one step.

Standing at a new starting point of 100,000 vehicles and starting again with a brand-new user operation strategy, the future Great Wall Gun will also use the APP-centered artillery alliance to comprehensively cover everything related to the Great Wall Gun and users, and create a new era of pickup truck life with users. The Great Wall Cannon will also help the Great Wall pickup truck out of a unique road of globalization of China automobile.

Text/Beiqing-Beijing Headline Wenchong

China Quality News Network (Liu Jiayun) On August 18th, the third anniversary of the Great Wall Gun brand and the Global Fan Festival kicked off in Guilin. At the event site, Great Wall Gun officially opened the brand 2.0 era and upgraded to a global user brand. At the scene, the concept of mountain and sea culture was put forward for the first time, leading the brand pickup culture to jump upward. In addition, the brand-new large-scale high-performance luxury pickup truck that will be unveiled at Chengdu Auto Show will start the whole network, and the image store will open on August 25th.

At the same time, Great Wall Artillery also released the super IP "Cannonball" and the badge of Huanxin Artillery Alliance, and joined hands with users around the world to create pickup trucks..

Open the era of 2.0, push Shanhai culture and build a global user brand.

In the future, the Great Wall Gun will enter the global pickup head camp with the full power matrix of fuel, hybrid, pure electricity and hydrogen energy. Make efforts to take advantage of the two categories of leisure and fashion business, and achieve full lineup, full scene and full price coverage, helping the pickup market to fully expand. The Great Wall Gun will also achieve a comprehensive "TO C", with the Great Wall Gun APP as the aggregation platform online, providing users with a full life cycle and full link digital experience. The great wall cannon applet will also provide users with more convenient and lightweight services.

In terms of offline channels, the brand’s first high-end pickup image experience store "PER-SPACE" built by Great Wall Gun will open in Chengdu on August 25th, and it will cooperate with more than 200 brand franchise stores and more than 2,000 distribution stores nationwide to provide users with a one-stop user experience.

The first luxury pickup truck occupies the highland of "large high-performance luxury pickup truck"

With the lifting of the ban on pickup trucks and the upgrading of automobile consumption, the luxury pickup truck market has a huge prospect. As a high-end product of the Great Wall Gun category innovation, the brand-new large-scale high-performance luxury pickup truck officially launched the whole network car name collection at the Global Fan Festival of Great Wall Gun.

It is understood that the new car will be equipped with a 3.0T V6+9AT power combination, with a luxurious business cockpit and diverse expansion space, and the new car will also make its world debut at the Chengdu Auto Show.

Release cannonballs, deepen users’ co-creation, and make China pickup culture popular.

At the third anniversary of the Great Wall Gun brand and the Global Fan Festival, Great Wall Gun released the brand fashion IP "Cannonball". Cannonball is a super IP created by Great Wall Gun, cooperative brands and users. The design was inspired by the Great Wall Gun.“Shell plan"The pattern consists of minimalist shell elements and exciting flying wing elements, representing "full of passion and great energy".

In addition to cultural IP, Great Wall Cannon will join hands with brands such as Akino Land, Black RV and Xumei Technology to launch joint-name products, deepen the co-creation activity of "Cannon Tea Together", tap more high-quality and original ecological tea products, and help products go out of the mountains and enhance value.

Climbing the Great Wall Gun for Three Years ushered in a new era of pickup trucks.

In 2019, the global pickup brand Great Wall Gun was born, and the artillery shell plan was released. With personalized innovative products such as off-road guns, black bombs, travel guns, artillery, and super-running pickup trucks, we will continue to lead the innovation of pickup trucks.

In May this year, the Great Wall Gun completed the production of the 300,000th vehicle in 2 years and 8 months, and the "Great Wall Gun Speed" refreshed users’ understanding of the pickup truck market. At present, Great Wall Gun has been listed in more than 50 countries on four continents, won the Best Pickup Award in Australia, South America and South Africa, and has become a five-star safety rating China brand under the new Australian ANCAP standard.

In the era of brand 2.0, Great Wall Gun will insist on category innovation and user co-creation, ignite the pickup dream in users’ hearts, fight against international brands in the global market in the name of independent brands, and realize the goal of making China brand pickup trucks popular around the world as soon as possible. (The pictures in the text are all from the Great Wall Gun official)

According to micro-network news, this week, Huawei’s new M7 is selling well, which has aroused great concern in the market. Shenzhen O-film Tech Co.,lt, Celeste, Wencan and other A-share related supply chain manufacturers are favored by investors.

However, in terms of domestic chips, there are still many places to be broken, including the uneven development of the upstream and downstream of the semiconductor industry chain, the structural imbalance in chip design, and the "partiality" in the field of subdivided chips.

At the same time, semiconductor listed companies have recently launched repurchase programs, which set off a "repurchase wave", and the leading stocks quickly shot, which not only demonstrated their confidence in the future development of enterprises, but also greatly boosted market confidence.

A List of New M7 Supply Chain Manufacturers in A-share Market

A few days ago, Yu Chengdong said in his circle of friends that since the release of the new M7 from September 12 to October 6, the first sales have exceeded 50,000 units, with 3,500 units on October 5 and 7,000 units on October 6, which will be delivered in high quality and mass.

According to the three-month delivery date, the monthly sales volume exceeds 1.5w, which is much higher than the expectation of 6000 units given by the previous organization. The hot sales of the new M7 in the world have verified the feasibility of Huawei’s "Huawei Smart Choice" model in automobiles. Subsequent Chery, Jianghuai, BAIC and other models will also adopt the "Huawei Smart Choice" model to jointly build brands and empower channel brands, which is expected to drive the rapid resonance of the industry.

In addition to the OEM, the hot sale of the new M7 also makes investors think highly of the suppliers of "Huawei Auto".

According to the incomplete statistics of Jiweiwang, at present, the concept stocks of the new M7 supply chain include power system suppliers such as Kehua Holdings, Demaishi, Fulin Seiko, Changying Xinzhi, Shuanghuan Transmission, Yonggui Electric, Huguang and Wencan. Shenzhen O-film Tech Co.,lt (Ou Fei Che Lian), Beijing Junzheng (Haowei), United Electronics, Yingqu Technology, Huayang Group, Jingwei Hengrun, Jida Zhengyuan, Baolong Technology and other automotive electronics related suppliers.

In addition to the above suppliers, in the field of intelligent cockpit, Huawei’s partners also include Changshu Automobile Accessories, Shunyu Optics, Goer, Shangsheng Electronics, Desai Siwei, Zhongke Chuangda, BOE and other listed companies. In addition, it is understood that in the core three-electricity field, batteries are provided by Contemporary Amperex Technology Co., Limited. The cooperation with Huawei will also drive the business growth of relevant listed companies and increase their future performance.

Localization of car gauge chips into deep water area

Like the electrification and intelligence of automobiles, the localization of car gauge chips is also in full swing. Whether for supply chain security or other considerations, domestic host manufacturers are actively trying to get domestic chips on the bus.

Some car companies pointed out, "We also tried our best to use domestic chips to get on the bus. In 2020, we spent a lot of effort and got a lot of domestic chips, but according to statistics, domestic chips accounted for only 5% of the whole vehicle chips. Moreover, it is a chip that is not difficult to develop, such as power devices, communication devices, and linear power supplies. These chips with relatively low development difficulty account for about 60%. "

In 2022, there was a chip "crisis" in the market, and the chip industry was out of stock, which also accelerated the localization substitution. However, apart from the long replacement process, the safety and reliability of the car gauge chip on the core components are also a big test.

Some manufacturers said, "We have tried to do experiments with MCU from several domestic manufacturers, but our product design and functional characteristics are high. In the electronic control part, there are four layers of PCB circuit alone, and each layer needs MCU to have different jobs. There are several large MCU manufacturers that can be selected in China. Compared with overseas manufacturers, after all, the verification time period for them to enter the vehicle regulations is short, and some products really cannot be used for a long time in our high-intensity and harsh environment. "

The automotive electronics engineer of a new energy vehicle in Shenzhen told Jiweiwang that they had the same experience. "Before, when we were most short of materials, we also tried to find some MCU models of domestic powerful manufacturers for testing in the electronic control module of core components. However, when we took it to the treadmill experiment, some of them began to report faults after running for a long time, and some even crashed as soon as they ran, which could not meet our usage expectations. "

OEMs call for promoting the full coverage of seven categories of automotive semiconductor chips, and all chip development should not be "partial" and should be promoted in an all-round way. At present, on-board chips can be roughly divided into seven categories: computing, control, storage, communication, power, sensors and analog power driver. Starting from seven categories, the chip design, manufacturing, packaging and testing, and the localization of the entire upstream and downstream industrial chain can truly solve the problem of self-owned brand automobile chip sticking.

Therefore, it is a key direction for domestic semiconductor manufacturers to explore the field of high-precision and difficult car gauge chips in the future. Yang Xudong, deputy director of the Electronic Information Department of the Ministry of Industry and Information Technology, pointed out that in the next step, the Ministry of Industry and Information Technology will continue to guide enterprises to increase the technical research of automobile chips, promote the manufacturing capacity of production lines, guide the construction of the inspection and certification capacity of automobile regulations, strengthen the popularization and application of excellent automobile chip schemes, and make good use of relevant policies to promote the batch application of automobile chip products. At the same time, we will also play a key role with local governments and leading enterprises in the industry to promote the supply capacity of automotive chips.

55 semiconductor companies disclose the progress of stock repurchase

Just as the OEM needs to boost its confidence when using the immature domestic car-rating chips, the A-share market also needs to boost its confidence in semiconductor stocks that are in the low cycle of the industry, and repurchase and overweight are undoubtedly a booster.

According to the incomplete statistics of Jiwei. com, from January 1 to October 11, 2023, 55 semiconductor companies have implemented stock repurchase programs, with a total repurchase amount of 5.068 billion yuan, with an average repurchase amount of 92.1421 million yuan per company.

Judging from the amount paid for stock repurchase, Weir shares ranked first among all enterprises with 1.351 billion yuan, followed by Ziguang Guowei and Aojie Technology, with the amount of stock repurchased of 600 million yuan and 593 million yuan respectively, both exceeding 500 million yuan.

There are 8 enterprises that have paid 100 million yuan (inclusive) to 500 million yuan for stock repurchase, namely Wentai Technology, Siweituxin, Lanqi Technology, Nastar, Naxinwei, Guoxin Technology, Luxiao Technology and Huiding Technology, and their stock repurchase payments are 397 million yuan, 218 million yuan, 174 million yuan, 160 million yuan and 130 million yuan respectively.

There are 9 enterprises that have paid RMB 500 million (inclusive)-RMB 100 million for share repurchase, namely, Chujiang New Materials, Cambrian, Zhaoyi Innovation, Gekewei, Fenghua Hi-Tech, Shanghai Xinyang, Zhongying Electronics, Jingsheng Electromechanical and Lexin Technology, and their share repurchase payments are RMB 95 million, RMB 79 million, RMB 72 million and RMB 68 million respectively.

There are 20 enterprises that have paid RMB 100 million (inclusive)-RMB 500 million for stock repurchase, namely Torch Electronics, Shunluo Electronics, Puran, Broadcom Integration, Eastcore, Saiwei Electronics, Zhichun Technology, Diowei, Cisco Rui, Hongyuan Electronics, Hengxuan Technology, Jinghua Micro, Fengqi Technology, Xiwei Micro and Huaxing Yuan.

There are 15 enterprises that have paid less than RMB 100 million for stock repurchase, namely Jingfang Technology, Yangjie Technology, Yingjixin, Aiwei Electronics, Jiangfeng Electronics, National Technology, Guokewei, Biyiwei, Jiejie Microelectronics, Shanghai Beiling, Ruixinwei, Juxin Technology, Maijie Technology, Beifang Huachuang and Xinjieneng.

Generally speaking, A-share semiconductor companies, especially domestic leading stocks such as Weir, Ziguang Guowei, Aojie Technology, Wentai Technology, Naxinwei, Lanqi Technology and Guoxin Technology, have stabilized and boosted their share prices by repurchasing shares, thus safeguarding shareholders’ rights and interests. Although it can’t immediately reverse the downward trend of the broader market in the short term, it is of great significance to boost market confidence for the semiconductor industry which is still in its developing stage.

On November 23, Changan Automobile’s share price suddenly hit the daily limit. It is rumored that Changan Automobile will invest 300 billion yuan in Huawei BU, which is valued at nearly one trillion yuan. But soon, both sides denied the news.

However, at around 16:30 pm on November 27th, Changan Automobile officially announced that it signed the Memorandum of Investment Cooperation with Huawei Technologies Co., Ltd. (hereinafter referred to as Huawei) in Longgang District, Shenzhen, Guangdong Province on November 25th.

"After consultation between the two parties, Huawei intends to set up a company engaged in R&D, design, production, sales and service of automotive intelligent systems and component solutions. The company intends to invest in the target company and carry out strategic cooperation. Both parties jointly support the target company to become an industry leader in automotive intelligent systems and component solutions based in China and facing the world." Chang’ an Automobile announced.

At the same time, Huawei Auto official website also released the article "Memorandum of Investment Cooperation between Huawei and Changan Automobile", which disclosed in detail the general situation of the cooperation between Huawei and Changan, including that the leaders of both parties attending the signing ceremony were "top-notch", and the speeches of their respective leaders also showed the general ideas of both sides on this cooperation.

"The new company will be committed to becoming a world-class leader in the automotive intelligent driving system and parts industry, and as an open platform serving the automotive industry, it will open its equity to investors such as existing strategic partner car companies and strategic car companies, and become a company with diversified equity." Huawei mentioned the development goals of the new company in its official press release.

Moreover, the speeches of two Huawei executives are worth pondering.

Xu Zhijun, Huawei’s rotating chairman, said: "Huawei insists on not building cars, but gives full play to its ICT technology advantages and marketing capabilities to help car companies build and sell good cars. We will continue to fulfill our commitments to customers and partners and jointly promote the rise of the automobile industry. "

Yu Chengdong, managing director of Huawei and chairman of BU, a smart car solution, said: "We have always believed that China needs to build an electric and intelligent open platform with a’ locomotive’. We deepen cooperation with Changan, and at the same time, we will work together with more strategic partner car companies to continuously explore new models of openness and win-win, and jointly seize the opportunity of electrification and intelligent transformation of the automobile industry to realize the dream of the rise of China’s automobile industry. "

Based on the above public information, we will get the following effective information:

1. Xu Zhijun once again stressed that "Huawei insists on not making cars". This sentence means that Huawei won’t have an independent car brand when the dust settles.

2. "Give full play to its own ICT technology advantages and marketing capabilities to help car companies build and sell good cars." The second half of Xu Zhijun’s sentence left a hole in the current "HarmonyOS Zhixing", that is, the so-called Huawei’s intelligent car selection business, which means that Huawei will still cut into the vehicle sales business, but the definition is "helping enterprises".

3. The business scope of the new company includes intelligent driving solutions for automobiles, intelligent cockpit for automobiles, intelligent digital platform for automobiles, intelligent Che Yun, AR-HUD and intelligent lights, etc. In principle, the components and solutions within the business scope are provided by the new company for vehicle customers, and Huawei does not engage in businesses that compete with Changan Automobile’s business scope in principle.This means the substantial divestiture of BU, and the entire technical assets will be transferred to the new company, but the core of the new company is parts, which further clarifies the basic principle that Huawei does not build complete vehicles.

4. The new company will gradually open its equity to investors such as existing strategic partners, car companies and car companies with strategic value, and become a company with diversified equity.There is a premise behind this sentence that Huawei will give no more than 40% of the shares of the new company to its partners. Changan Automobile is the first company, but it is not the only one. Later, it should include several partners including Cyrus, Chery, BAIC and Jianghuai.

After understanding the cause and effect, let’s think about why Huawei did this, and why did the first partner choose Changan Automobile?

There is no doubt that Huawei’s way of separating the smart car solution BU from Huawei’s big group is a bit like the glory of that year, but the decision-making starting point is completely different. But the basic idea is that this institution, which is almost independent of Huawei’s existing ICT (information, communication and technology) business, needs to be separated from Huawei’s big system, so as to achieve self-growth and hematopoiesis by seeking independent development, rather than relying on Huawei’s big tree.

It is reported that Huawei has invested more than $3 billion in smart car solutions, with a research and development team of 7,000 people, and 70%-80% of the invested funds are invested in the field of intelligent driving. However, according to the financial report released by Huawei, Huawei’s revenue in smart car solution BU in 2022 was about 2.077 billion yuan, accounting for only 0.3% of Huawei’s total revenue.

It can be seen that if Huawei’s smart car solution business only relies on China’s own investment, the presence of the entire BU will still not be too strong. However, if the investment in car BU is terminated at this time, it means that the previous tens of billions of investments and Huawei’s leading edge in the field of smart driving will be wasted.

At this time, the introduction of external investors can solve the problem of continuous investment in the BU business sector for Huawei, and also keep Huawei and China car companies in the leading position in the field of smart cars.

In fact, Huawei has solved another problem through the independence of BU, a smart car solution: China car companies are unwilling to sell their "soul" to "a potential competitor", which is also the reason that hinders the popularization of Huawei smart car solutions in China car companies, not to mention intervening in the supply chain system of joint venture car companies.

For a long time, the argument that Huawei does not build cars has always been controversial.

On the one hand, Huawei executives headed by Xu Zhijun always stressed that "Huawei does not build cars" and even once asked Huawei terminal stores to remove misleading posters such as "Huawei cars". Moreover, in the interview with Ren Zhengfei, the founder of Huawei, it can be seen that Huawei does not want to seize all the profits of an industry, and they are more willing to set aside profits for partners.

On the other hand, Yu Chengdong, the person in charge of BU, has been pushing forward Huawei’s deep involvement in building cars, taking full control of the three models in the world, using Chery resources to build a new car like Zhijie S7, followed by the "Jie" series of BAIC and JAC. The offensive situation of BU, which is led by Yu Chengdong, in the field of complete vehicles has made China’s automobile industry wary of "Huawei’s car landing".

Therefore, although Huawei began to sell car chips and Huawei Harmony OS (HarmonyOS—— OS system not built by Huawei itself) to OEMs including Geely Geometry and GAC Chuanqi, it did not get wider support. Even Geometry and Chuanqi have encountered difficulties in communication. For example, they can’t explain clearly the difference between "Huawei HarmonyOS" and "HarmonyOS OS" to consumers.

Therefore, the independence of BU, Huawei’s smart car solution, can reassure China car companies that Huawei does not build cars, and BU is more of a Tier 1 partner. Huawei will not get involved in the vehicle business, but it can empower smart car products of China car companies. After all, a separate Huawei car BU will have diversified equity, and car companies can participate in Huawei car BU business to gain the right to vote on the development of car BU business to ensure that it will not have business conflicts.

This "shareholding" strategy will enable all car companies that cooperate with Huawei to clarify Huawei’s role and identity, and ensure that its cooperation with Huawei will not be replaced by cooperation with Huawei. After all, after the independent operation of "Car BU", Huawei is more a major shareholder and technical endorsement than a controller.

It is conceivable that with the independence of Huawei BU, the new company will be more active in the sales of smart car solutions, and there will be more modes of cooperation with car companies.

For example, the new company will not be restricted by Huawei, the parent company, but can transplant Huawei’s software and system turnkey solutions to the existing mainstream hardware solutions, including chips and computing platforms provided by overseas suppliers such as Qualcomm, NVIDIA, Continental Electronics and Visteon. This alone can bring a lot of new business to the independent car BU new company.

It can be said that the decision of independent car BU will bring more imagination to the smart car industry in China.

Why did Huawei throw the first olive branch of the new joint venture company to Changan Automobile?

The core reason must be that Huawei has enough confidence in Changan’s investment in Aouita, and can also see Changan’s sincerity. In particular, it is very important that Changan can trust Huawei.

What many people may not know is that when Aouita 11 was first released, although Huawei’s chips and hardware were used, the car machine system was not HarmonyOS OS, but a set of car machines developed by Huawei HarmonyOS system. However, half a year after the delivery, Aouita felt that it should abandon this self-developed car machine system and switch to Huawei’s HarmonyOS OS. The sunk cost, the R&D expenses needed for Huawei, and letting the entrance of the car out-this decision is unimaginable for many China car companies, let alone their own brands.

In August of this year, Changan Automobile made its own "pro-son" Deep Blue Automobile also sign a cooperation framework with Huawei’s smart car solution BU, which is a comprehensive bet on Huawei’s cooperation.

It can be said that Changan Automobile chose to firmly embrace Huawei through the cooperation project of Aouita. For a central enterprise and the second largest domestic passenger car sales brand in China, Changan Automobile has great courage to go against the trend when the "soul theory" is noisy. This time, Huawei was the first to find Changan Automobile after setting up a new company, which was regarded as reciprocated.

And in terms of scale, with Changan Automobile, Huawei can roll out smart car solutions according to the scale of one million vehicles. Now it is a Aouita brand, followed by a mid-to-high-end dark blue brand, and it will become the mainstream Changan brand in a few years. Ford, Mazda and other joint-venture independent vehicles cooperating with Changan may also use Huawei’s smart solutions.

Coupled with the existing channel scale of Changan, Huawei doesn’t even need to invest too much terminal resources, so it is reasonable for Huawei to cooperate with Changan.

Of course, Huawei’s choice of Changan Automobile may also have some external factors.

Not long ago, Dongfeng Motor revealed that Dongfeng is working with China FAW and Changan Automobile to build a vehicle operating system. This is another time for the three major automobile groups in China to "overcome difficulties" and try to jointly solve the operating system problem of "the neck of the automobile industry in China".

However, if we want to develop our own car operating system, it doesn’t mean that car companies can change their own Android system. Basically, the underlying operating system of cars has always been dominated by QNX of Blackberry, while open source Linux is another path, and the middleware AUTOSAR is also included.

At present, because the underlying operating system of vehicles involves functional safety, real-time operation, large-scale verification and other requirements, the enterprises that can participate in it are quite limited. Therefore, when the three major automobile groups in China join hands to build the underlying operating system of their own automobiles, it is inevitable to find a partner in the fields of software and ICT, and Huawei is almost the only choice.

More interestingly, Huawei also released HarmonyOS NEXT in a low-key manner in August. The bottom layer of the new system is self-developed by Huawei, which only supports the applications of HarmonyOS kernel and HarmonyOS system, and is no longer compatible with Android applications. Recently, Huawei also officially announced the HarmonyOS native application development plan, and more heavyweight apps began to rewrite the code based on the brand-new system, including Nail, Yuanshen and bilibili.

After Huawei launched HarmonyOS NEXT, it means that Huawei will completely break away from the existing Android system-the current HarmonyOS is based on the AOSP Android open source project-and form a completely closed, controllable and brand-new system that will not be affected by European and American patents.

From this perspective, if Huawei can build HarmonyOS NEXT, it can help China car companies to have their own controllable vehicle operating system. Therefore, the reason why Huawei chose Changan Automobile is even more important.

Of course, after Huawei and Changan announced the signing of the Memorandum of Cooperation and Investment, it was probably Cyrus who was most shocked.

Cyrus published a "Description of the Situation" late at night on November 26th, in which the most important sentence was: "At present, Cyrus has received an invitation to jointly invest in the target company and jointly participate in the construction of an electrified and intelligent open platform, and the company is actively demonstrating the relevant matters of participating in investment and cooperation."

It’s just that this passage didn’t play much role in Cyrus’s share price the next day. At the opening of the market on the morning of November 27th, Cyrus’ share price once fell by more than 7%, and it was not until near noon that Cyrus and Huawei jointly announced that the new M7 order exceeded 100,000 units that Cyrus’ share price gradually recovered its lost ground. However, in recent days, Celis has been more or less influenced by the deep cooperation between Changan and Huawei, and its share price has dropped from the highest 99.97 yuan to the current 76.09 yuan.

What is the relationship between HarmonyOS Zhixing and Huawei’s smart car solution BU? Will these brands, which have been listed and not yet listed, become "past tense"? The focus of attention of these parties, only Huawei has the sole right to interpret.

Yu Chengdong released a special Weibo after the closing of Cyrus, which not only mentioned that the order of M7 in the world exceeded 100,000 units, but also specifically explained the cooperation mode between Huawei and Cyrus.

"HarmonyOS Zhixing is the most comprehensive, close and in-depth mode of cooperation between Huawei and car companies, with the most advanced Huawei smart car innovation technology and the best intelligent experience.

Sailis is the earliest and deepest car enterprise partner in our HarmonyOS Zhixing model. Huawei will continue to work with Sailis to bring more and better products and services to consumers and create one hundred thousand cars after another! "Yu Chengdong wrote.

This passage basically explains the positioning of "HarmonyOS Zhixing" and the difference between Huawei and Changan. According to Yu Chengdong, "HarmonyOS Zhixing" not only has Huawei’s intelligent new technology, but also includes Huawei’s deep participation and all-round cooperation, which includes Huawei’s product design, production quality management, sales channel establishment and so on.

At the same time, the official micro of HarmonyOS Zhixing also "interpreted" himself:

1. HarmonyOS Zhixing is a comprehensive upgrade of Huawei’s smart car selection business, and its full name is HarmonyOS Smart Car Technology Ecological Alliance.

2. The car models of the car world and the car world are members of HarmonyOS Zhixing family.

3. The products of HarmonyOS Zhixing are purchased through Huawei channel, and the after-sales service is the unified user center of HarmonyOS Zhixing.

4. In addition to technology, HarmonyOS Zhixing also has Huawei’s comprehensive empowerment in product, quality, sales, service and marketing.

Therefore, in contrast, although Changan has made investment cooperation with Huawei, the products will not enter the category of "HarmonyOS Zhixing" with a high probability, but the brands of Wenjie, Zhijie and subsequent brands can be sold in Huawei’s dealer system.

In other words, the endorsement of "Huawei" channel is the biggest brand appeal of HarmonyOS Zhixing and the biggest reliance of Cyrus, Jianghuai and BAIC.

From Huawei’s point of view, if the sales volume of HarmonyOS Zhixing can be stabilized at about 300,000 vehicles a year, it will also be a market with a scale of 100 billion, and it will be a new "revenue-generating way" for Huawei dealers to continue this model. After all, considering the increasing volume of the mobile phone market and the low ceiling of Huawei’s mobile phone in the domestic consumer market, it is reasonable to switch to the automotive field. What’s more, Xiaomi, Huawei’s main competitor, is about to enter the field of complete vehicles, so the automobile industry is a battleground for Huawei.

This also reflects Huawei’s cooperation ideas in the automotive field: cooperating with weak recognition brands in HarmonyOS Zhixing to earn both technical fees and channel fees; Cooperate with strong brands for smart car solutions without further involvement.

However, it is very interesting that Chery, although cooperating with Huawei in the intellectual brand, has retained its own star-studded era ES, and even formed an "internal beating" state. To say that Chery has entered HarmonyOS Zhixing and is a weak brand, probably Chery will not be willing; However, if Chery adopts a similar cooperation mode between Huawei and Changan, then why should Zhijie S7 be put in HarmonyOS Zhixing?

Perhaps the subtlety is that when Chery was building a new generation of pure electric platform, it did not expect that it could make a turnaround in 2023.

Another direction of thinking about the cooperation between Changan and Huawei this time is that most people think that the independence of Huawei’s smart car solution BU means that Huawei will continue the "Bosch" that they wanted to be in the automotive industry, but only focus on the "smart car" field, providing solutions such as intelligent cockpit, intelligent driving and intelligent interaction.

In fact, this logic is also reasonable.

Huawei has now cut into more hardware fields, including electric drive, power module, chassis control, laser radar, vehicle-mounted chips, computing chips and so on, and compared with overseas suppliers, Huawei’s turnkey solutions in the software field are more suitable for the China market.

According to Huawei’s strategy of divesting smart car solution BU, BU, as an independent company, can cut into the business of vehicle companies more deeply, without worrying about the attitude of car companies. As an independent parts company, Car BU is almost impossible to build a car, and Huawei headquarters has no chance to build a car without smart car solutions.

In this way, Che BU, a new company, will be able to sell hardware and customized software in strict accordance with the standard practices of Tier 1 enterprises. Especially with the launch of new technologies, cooperative companies don’t have to worry that Huawei will get the first round, but they can get the opportunity to use the latest technologies through cooperation and negotiation to achieve maximum win-win results.

Another view of the driving school is that as Huawei divests the car BU, it will actually bring"Huawei technology disenchants".

The reason is that if only Huawei cars adopt Huawei technology, everyone will think that Huawei cars have unique charm, but they will inevitably be limited to niche areas. However, when all car companies can use Huawei technology, Huawei technology is essentially "disenchanted"-Huawei technology can be given to any model from smart driving to cockpit, and Huawei’s cars are not exclusive.

The advantage for Huawei is that the scale of Huawei’s smart car solutions will go up, and it can be iterated more quickly, constantly using new technologies to "attract" more car companies to use Huawei’s smart car solutions.

In this way, the competitive differentiation of HarmonyOS Zhixing, Chang ‘an and Geely is not who uses Huawei technology first, but whose technology integration is better-this is back to the original competition mode of the automobile industry.

Even Huawei still has "HarmonyOS Zhixing", but to a great extent, "HarmonyOS Zhixing" is similar to a technology integration enterprise. The vehicle manufacturing enterprise belongs to the ODM at the chassis level, and the car BU is a core technology supplier similar to Sony and Qualcomm, which is finally integrated by Huawei and sold in its own channels.

In this way, the competition pattern of the automobile industry is more and more like the mobile phone and computer industries. Perhaps the flagship product has a higher degree of self-research, but the low-end products are completely the products of technology integration-in the past, the fuel vehicle era had to compete for engines and gearboxes, and the electric era could completely rely on external procurement. Differentiation is even just a subtle difference in styling and chassis style, and what consumers value more is only the non-standardized part.

For example, there is no difference in functional experience between Changan’s entry car and Jianghuai’s entry car, which depends entirely on who has better brand awareness and wider channels, rather than the technical differences of the products themselves. This is similar to the current competition among Redmi, Glory and OV.

Undoubtedly, when the overall logic of the smart car industry begins to approach the mobile phone industry, Huawei’s vision of being "Bosch in the smart car industry" can be realized.

The next question is, Huawei has already played its cards, and Changan has also taken over. So how will Geely and its Star Meizu, Great Wall and its Mimo Zhixing, SAIC and Zero Beam software respond?

My guess is: whoever can bind foreign car companies together and let their smart car solutions go overseas first will have the chance to win the next game.

Text | ｜JackieLXX

Figure | Network

Special topic: picture channel

　　The group buying activity was launched in Beijing on the 17th, and Zou Tao said that it had negotiated with developers to provide 2,000 sets of houses.

Last night, the Beijing 10,000-person buying group network showed that 2,181 people had signed up. Screenshot of website

　　Operating procedures of Beijing ten thousand people housing group purchase platform

　　1 property buyers can register through SMS or login to special websites.

　　Reply to the information within 14 working days for initial confirmation, and submit it to the bank for credit inquiry on whether the real estate and credit records under its name are eligible for loans.

　　3. Enter it into the internal database of the platform after passing the examination and having valid group purchase qualification.

　　4. Announcement of internal group purchase real estate (SMS or website)

　　Accept the registration according to the number of properties, and look at the house in batches or by yourself (report first and look at the house first)

　　6 unified arrangement and real estate enterprises to pay the deposit.

　　7. The public interest lawyer will sign a formal contract for the whole process.

　　Cooperative banks provide mortgage services and apply for real estate certificates.

　　■ Tracking of "’10,000-person house purchasing group will be launched in Beijing"

　　Yesterday, Zou Tao, the initiator of Shenzhen’s "Ten Thousand People Housing Group Buying Action", announced the launch of Beijing’s "Ten Thousand People Housing Group Buying" platform. He introduced that more than 2,000 Beijing property buyers have signed up for the "10,000-person group purchase".

　　Jia Haibing, chief liaison officer of Beijing, said that the website of Beijing 10,000-person housing group buying platform has been put into trial operation on October 17th (http//bj.zoutao.com). In the past four days, the number of applicants has exceeded 1,000, and at present, more than 2,000 Beijing property buyers have signed up. At present, the three Beijing developers under negotiation can provide more than 2,000 houses. The Beijing house purchasing platform continues to collect applications, and when the number reaches 10,000 to 20,000, it will enter the specific group purchase. It is planned to solve the housing requirements of some group-buying citizens before the end of the year.

　　Jia Haibing said that starting from December this year, preparations were made to build a "Zou Tao-Beijing10,000-person second-hand housing transaction platform free of agency fees". In the case that buying a new house cannot solve the needs of all participating citizens, some citizens’ needs can be solved through second-hand houses.

　　Zou Tao’s "high-profile" visit to Beijing was questioned by some people, and some people in the industry thought that "this campaign will not have any results". Zou Tao said that the working mode of this platform is to convene, contact and identify buyers, and through negotiations with developers, reduce the cost of people buying houses. "We just built a platform through which buyers can form a joint force to bargain with real estate developers."

　　Regarding the question of whether to profit from it, Zou Tao said that he has set three "iron rules" of "never charging people’s fees", "never charging commission from housing enterprises" and "always conducting legal and orderly activities" for the group purchase of housing for 10,000 people. And said that the platform is only for people to live for themselves, and does not accept buyers of the second suite; The platform has previously helped more than 300 people buy affordable housing in Shenzhen.

　　■ statement

　　Property buyers just want to buy a cheap house.

　　"I just want to buy a house cheaper when I take part in this." Mr. Li, from Shijiazhuang, Hebei Province, said that he has worked in Beijing for 4 years and now lives in Shijiazhuang. He really wants to buy a house in Beijing, but suffers from high housing prices.

　　Ms. Tong Hua from Jiangxi introduced that she wanted to buy a house in Beijing for her soon-to-graduate daughter. Three years ago, she knew something about the Zou Tao group. At the beginning of this activity, she signed up. "Don’t pay any fees, and don’t worry about being cheated."

　　Developers, this is a win-win model.

　　Yu Zhang, a developer in Yanjiao, as the first partner to buy houses for ten thousand people in Beijing, said that buying houses is an individual behavior, and the group of ten thousand people buying houses integrates the buyers and classifies the corresponding properties, forming an effective agglomeration effect.

　　He believes that for developers, the form of ten thousand people buying houses can effectively reduce marketing costs and gather effective customers, which is very beneficial to alleviate cash flow pressure and save costs and expenses. And the developer will give back the cost saved to the buyers. "This is a good thing for developers and buyers, and it is a win-win model."

　　Insiders, the campaign will have no results.

　　Meng Xiansheng, a lawyer who is famous for supporting "cooperative housing construction" in 2006, believes that it is a manifestation of social sentiment to launch a social movement in Zou Tao just by taking advantage of the high housing prices and consumers’ dissatisfaction. "There will be no results." Ten thousand people buy a house platform, saying that it is an organization, but it is not the main body of the market, and there is bound to be an irrational and emotional tendency.

　　A person in the real estate industry said that if an enterprise gives a large preferential margin to group purchases, it will be a kind of damage to customers who buy houses through normal channels, so it is impossible for "group purchases of 10,000 people" to have a large preferential margin.

　　■ response

　　Profit from it? The platform never charges.

　　Zou Tao said that he stipulated that his platform would never charge buyers’ fees and developers’ commissions and kickbacks, thus cutting off the interest relationship and ensuring the smooth progress of the activities. The whole operation process will be publicized and supervised by the applicants. "I don’t touch money. I’m just responsible for putting both sides on the horse, so that people who want to buy a house can directly deal with real estate developers."

　　Source of funds? At present, mainly from individuals.

　　In order to cope with the huge workload, in addition to collecting more than 40 volunteers, Zou Tao is also collecting companies and groups willing to cooperate, such as building materials and home appliance manufacturers in real estate to do some service work.

　　He introduced that the current funds are mainly based on individuals. Beijing ten thousand people housing group has invested more than 200 thousand yuan, all of which are contributed by Jia Haibing (chief liaison officer of Beijing Platform) personally.

　　"If possible, we will pull home decorators to operate the group buying platform together." Zou Tao said that in the future, he may seek the corresponding group purchase service for decoration, furniture and electrical appliances, which will broaden the sales channels for businesses and keep the platform for buying houses running.

　　Operational? An effective process has been established.

　　Zou Tao said that "operability" is not the most important issue faced by the platform for buying houses for 10,000 people. "On the contrary, this is the easiest." He said that a set of procedures has been formulated to ensure the smooth progress of group buying. What he is most worried about now is that others question his motives. Many people think that he is not making profits just to be famous. Therefore, Zou Tao repeatedly stated that "Zou Tao’s 10,000-person housing group purchase platform" is not for profit, nor is it any institution or organization, and all activities will be carried out within the legal and orderly scope.

　　This group of manuscripts/reporter Liu Zening Intern Li Shasha

Editor: Wang Jiaolong

　　People’s Daily Online, Beijing, October 18 (Zhu Jiang) The reporter learned from the Civil Aviation Administration of China that recently, the Civil Aviation Administration of China held a regular press conference in October. Tang Weibin, director of the Aviation Safety Office of the Civil Aviation Administration of China, said that in the first three quarters of this year, the total transportation turnover, passenger traffic and cargo and mail traffic of the whole civil aviation industry were 79.67 billion tons kilometers, 409 million passengers and 5.096 million tons respectively, and the year-on-year growth rates of the three indicators were 12.3%, 12.5% and 6.4% respectively, which was faster than the planned growth rate at the beginning of the year, and it is expected that the planned target at the beginning of the year can be successfully completed.

　　Tang Weibin introduced that in September, the civil aviation industry achieved 893,000 hours of transportation flight, a year-on-year increase of 12.4%; It achieved 70,000 hours of general aviation flight, an increase of 2.6% year-on-year. In the third quarter, the civil aviation industry achieved 2.755 million flight hours, an increase of 11.1% year-on-year; It achieved 226,000 general aviation flight hours, an increase of 1.3% year-on-year. In the first three quarters, the civil aviation industry achieved 7.862 million transport flight hours and general aviation flight hours, up by 11.4% and 2.7% respectively over the same period of last year. Since the beginning of this year, there has been no transport aviation accident in China’s civil aviation, and the industry’s safety production has continued to maintain a stable trend.

　　In the past five years (November 2012? September 2017)China’s civil aviation transport aircraft increased from 1922 to 3177, and the annual transport flight time increased from 6.19 million hours to 10.5 million hours, with an average annual growth rate of 11.2%.

　　Over the past five years, more than 41 million hours of transport flights have been realized, and there has been no fatal accident in transport aviation.The rate of major accidents per million hours in transport aviation is 0.In the same period, the world average was about 0.0872; The death toll per 100 million passenger kilometers in China’s civil aviation is 0, and the world average level in the same period is 0.0074. China Southern Airlines, Air China and China Eastern Airlines have successively achieved 10 million hours of safe flight and won the "Flight Safety Diamond Award" issued by the Civil Aviation Administration.

　　From August 24, 2010 to September 30, 2017, China’s civil aviation achieved sustained and safe flight of transport aviation for 85 months and more than 54 million hours, creating the best safety record in history.

　　These data strongly show that China is firmly in the forefront of civil aviation in the world with its good aviation safety record.

　　Combined with the industry characteristics and safety laws of civil aviation, we have made great efforts in the following four aspects:

　　First, adhere to the policy of "safety first".Firmly adhere to the bottom line of flight safety and effectively control the trend of small probability events. Always adhere to policy guidance and precise regulation, adhere to stricter safety standards in the establishment of airlines and the introduction of aircraft, and properly handle the relationship between safety and development, safety and normality, and safety and efficiency.

　　The second is to pay close attention to the implementation of safety responsibilities and not relax.Continuously improve the responsibility system for production safety, and pay close attention to the implementation of the "four responsibilities" of civil aviation production safety: main responsibility, supervision responsibility, leadership responsibility and post responsibility. Grasp the grass roots, lay the foundation and practice basic skills hard to ensure that the main responsibility of safety production is put in place.

　　The third is to strictly control security risks.Always adhere to the "zero tolerance" for security risks, combine the construction of safety management system, pay close attention to the investigation and management of security risks, and achieve effective control of security risks. Always adhere to supervision according to law and serious accountability, "rather be the wicked and not the sinner", further improve the "safety supervision toolbox", and comprehensively use legal, economic, administrative and public opinion supervision means to achieve accurate supervision.

　　Fourth, strengthening scientific and technological support is not relaxed.Vigorously advocate "developing Xing ‘an with science and technology", formulate the implementation plan and road map of new technologies, and popularize the practical application of mature new navigation technologies; Accelerate the independent research and development of core technologies, and strengthen the research on the basic theory of safety production science and the mechanism of accident prevention to improve the safety level.

The limit test of electric muck car’s power changing mode-charging and power changing energy demonstration station.

　　A few days ago, the Ministry of Industry and Information Technology issued the "Notice on Launching the Pilot Work of the New Energy Vehicle Switching Mode Application" (hereinafter referred to as the "Notice"). There are 11 cities included in the pilot scope, including 8 comprehensive application cities, and Nanjing is one of the pilot cities. What are the advantages of changing electricity compared with charging? The reporter visited different types of power exchange stations that have landed in Nanjing.

　　Yangzi Evening News/Zi Niu News reporter Liu Liyuan

　　With the increasing number of electric vehicle users, slow charging and queuing for charging greatly affect the user experience. During the National Day this year, new energy vehicles in high-speed service areas once rushed to the hot search. As the name implies, changing electricity is to replace the battery. Compared with the current charging efficiency of electric vehicles, changing electricity is more time-saving.

　　In the aspect of replacing electricity for passenger cars, Weilai, a brand of new energy vehicles, started early. Weilai staff told reporters that Weilai has built a station in Nanjing since 2018. Up to now, a total of 17 power stations have been laid in Nanjing. In Nanjing Xianlin Life Science and Technology Park, the Weilai Second Generation Power Station, which was recently launched, only needs four standard parking spaces, but it is quite efficient and convenient to operate, and it can be replaced in a few minutes. The staff said that on average, there are about 50 orders for changing power stations every day, and there are 100 orders when there are many.

　　This year, State Grid Nanjing Power Supply Company and the municipal government also started the relevant exploration of replacing electricity with special vehicles. In the demonstration station of charging and replacing electric energy, which is located in Lishui, it takes only 5 minutes for an electric muck truck with insufficient battery to drive to the charging and replacing power station and replace it with a fully charged battery. In this demonstration station, the single power exchange time can be controlled within 5-7 minutes, which can provide power exchange service for 50 muck trucks. In addition, the demonstration station also bears another responsibility: compare the advantages and disadvantages of electric vehicles and traditional fuel vehicles in terms of actual cruising range, adaptability to complex road conditions, charging and replacing efficiency, user operating costs, driving experience, etc., so as to optimize and transform electric muck trucks according to the data and promote the popularization and application of electric muck trucks.

　　Last year, the largest intelligent charging building for electric vehicles in China — — The electric vehicle geek space Jiangbei New District Station in Nanjing has been put into operation. The reporter learned that the station has planned a power exchange service in addition to non-inductive charging, which can exchange power for various electric vehicles such as civilian cars and network cars in the future. At present, various types of power exchange stations have not fully realized the cross-exchange of power between different brands of vehicles and different models of batteries. In view of this phenomenon, Oscar Chan, a fifth-level employee of State Grid Nanjing Power Supply Company, told reporters that establishing and improving the technical standard system for power exchange, breaking the barriers between different brands of power exchange agreements and creating a good industrial ecology for power exchange mode are important components of the pilot work of the application of power exchange mode for new energy vehicles.

　　Shortly after the release of "Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of a Unified National Market", the State Council issued a package of policies and measures to stabilize the economy (hereinafter referred to as "measures"), and once again proposed to completely cancel the restrictions on the movement of used cars and improve the management regulations on the registration, filing and vehicle transaction registration of used car market entities.

　　This has injected a warm current into the depressed used car market. China automobile dealers association said that with the implementation of relevant favorable policies, it is expected that the replacement volume will increase significantly in June. At the same time, the source, circulation cost and circulation efficiency of used cars will be improved, the price of used cars will be more close to the people, which will stimulate the growth of market demand and help the inventory of used car dealers to be digested as soon as possible.

　　The market is in a recession zone.

　　In April, the second-hand car market experienced a rare year-on-year double decline in transaction volume and transaction price. The transaction volume of the second-hand car market nationwide was 1,100,600 vehicles, down 16.51% from the previous month and 26.10% from the previous month. At the same time, the average transaction price of used cars continued to fall. Since the average price of used cars reached a peak of 71,800 yuan in December last year, it fell to 68,300 yuan in April this year.

　　Luo Lei, Deputy Secretary-General of china automobile dealers association, believes that the epidemic situation, shrinking market demand, weakening expectations and the decline in purchasing power caused by rising oil prices are all the reasons for the depression of the used car market.

　　In May, the average daily transaction scale was slightly better than that in April, but there was still a gap compared with the same period last year. According to the second-hand car Zhou Du Express published by the Information Department of the Circulation Association, the average transaction volume in the fourth week of May was 53,900, up 5.48% from last week and down 10.75% year-on-year. It is estimated that the overall transaction scale of the used car market in May will be 1.13 million to 1.15 million, an increase of 3% from the previous month and a decrease of 21% from the same period last year.

　　The latest issue released by the Circulation Association also shows that the "China Second-hand Car Managers Index" (UCMI) was 37.7% in May, which is below threshold, and the second-hand car market is still in a recession.

　　According to Lang Xuehong, Deputy Secretary-General of china automobile dealers association, half of used car managers reported that the market demand decreased in May. There is no obvious change in the number of passengers on the used car line, but the number of passengers off the line has decreased to some extent. The reasons for this situation are, on the one hand, that the epidemic prevention and control requires to reduce going out, on the other hand, the used cars traded in the market are still mainly fuel vehicles, and the continuous rise in oil prices has discouraged some consumers.

　　On the whole, the second-hand car market did not perform well in May, and the decrease in the rate of consumers entering the store was still the main reason that affected the sales of second-hand cars. At the same time, with the support of the "May 1" new car price concessions and local government car subsidies, consumers who originally wanted to buy second-hand cars switched to new cars, and the inventory in the saturated state was not released, which led to the extension of inventory turnover time, and it was difficult for car dealers to collect the occupied funds, which increased operational risks.

　　The second-hand car industry as a whole is depressed, and at the level of car dealers, it is difficult to survive. A number of car dealers told reporters that the second-hand car business is now under great pressure, and some cars are afraid to accept and the inventory is not easy to sell.

　　Open up blocking points to promote circulation

　　Although in the past two months, the used car industry has been in trouble. However, in the past decade, except for a slight decline in 2020 due to the epidemic, the transaction volume of used cars has shown positive growth for many years, and the growth rate is much higher than that of new cars. In 2021, the transaction volume of used cars was 17,585,100, with a year-on-year growth rate of 22.7%, the highest in the past decade. The sales ratio of new and used cars in China has reached 1.49∶1, which is rapidly catching up with the sales ratio of new and used cars in mature countries.

　　However, behind the sustained high growth, the blocking point formed by the used car industry over the years still exists. For example, a large number of used cars will be exported from first-tier cities to second-tier to sixth-tier cities and even county areas, but the relocation restriction policy has hindered the circulation of used cars in different places, and various places have imposed emission standards and age restrictions on used cars, resulting in foreign consumers wanting to buy cars but local car owners wanting to sell cars can’t sell them at a good price.

　　The second-hand car industry also faces some problems, such as the failure to establish commodity attributes, restrictions on the business premises of second-hand car enterprises in some areas, and cumbersome approval procedures for adding second-hand car business to automobile distribution enterprises.

　　Many blocking points in the field of used car circulation have become the pain points that hinder the full release of automobile consumption potential. It is precisely because of this that after the release of the Measures, Wang Du, deputy secretary-general of china automobile dealers association, said excitedly: "The Association has worked hard to break the restrictions for more than 10 years. The overall driving effect of lifting the restrictions on the second-hand car market is immeasurable, which is a major benefit for the industry to regain confidence." He believes that the policy emphasizes promoting the commercialization and large-scale circulation of used cars, which will greatly simplify the registration procedures of used cars and completely open up the circulation of used cars.

　　According to the statistics of the Circulation Association, there are more than 60 million vehicles with national five emission standards, accounting for more than 20% of the existing vehicles. The obstacles to the circulation of used cars have broken the ice one after another, greatly enhancing the expectations and confidence of enterprises in the industry.

　　"The second-hand car industry has a strong source of vehicles. First-and second-tier cities are gathering places for high-quality vehicles. Previously, due to the relocation restriction policy, the circulation of high-quality vehicles to the low line was blocked, which inhibited the release of demand for car purchases." Wang Xiaoyu, co-founder and senior vice president of melon seeds used cars, told reporters that the breaking of the restrictions on the circulation area of used cars will enable consumers in low-tier cities to buy high-quality vehicles in high-tier cities, fully releasing the potential of automobile consumption and promoting the upgrading of automobile consumption. At the same time, the smooth sale of second-hand cars in first-and second-tier cities has released the consumer demand for buying new cars and second-hand cars, driven the steady growth of demand for automobile consumption services such as automobile manufacturing and new car sales, and revitalized the entire domestic automobile consumption market.

　　Measures to help warm up

　　After a package of measures and supporting policies to stabilize economic operation were released one after another, all localities took active actions. At the beginning of June, Hebei Province issued a notice, proposing to "completely cancel the restrictions on the movement of small non-operating used cars that meet the national five emission standards, and improve the regulations on the registration, filing and vehicle transaction registration of used car market entities". Sichuan Province also issued a notice, proposing to "lift the restrictions on the movement of small non-operating used cars that meet the national five emission standards throughout the province".

　　According to the investigation of the circulation association, the Yangtze River Delta and the Pearl River Delta are about to release the national five-year restriction, and Tianjin and Hebei Province have already implemented it.

　　"The second half of this year will be the best time to break the restrictions on relocation nationwide. If the second-hand car of Guowu is circulated nationwide, the value-added rate of Guowu will be expected to increase by 5%. " Pan Guoguang, chairman of Guangdong Junweilong Automobile Trading Co., Ltd. said.

　　The clarity of the "Measures" on the commodity attributes of used cars has also greatly simplified the process of operating and trading used cars. Taking the used car of melon seeds as an example, with the cancellation of the relocation restriction policy, the average delivery time of the platform in different places has been shortened by 8 days, and the delivery in different places can be completed within 24 hours at the earliest.

　　Wang Xiaoyu believes that the second-hand car industry is expected to accelerate its recovery in the second half of the year, and the consumer demand will be released in the traditional sales season from September to December.

　　"It is estimated that the transaction volume of used cars is expected to jump to 20 million in 2022. By 2025, the proportion of new and old cars will reach 1: 1. " Lang Xuehong was previously in 2021— At the press conference of 2022 Blue Book of China Automobile Circulation Industry, the industry forecast was released on behalf of the Association.

　　Although the future can be expected under the policy stimulus, the inventory pressure of used car dealers is still relatively high, and the speed of capital withdrawal is slow. According to the survey of circulation association, the overall inventory cycle of used car dealers in May was 47 days. Insiders suggest that car dealers should still maintain a cautious business strategy. In June, some of the delayed consumer demand will be transformed, and the national epidemic prevention situation will continue to improve. It is expected that there will be a wave of rebound in many places, but it is still recommended that used car dealers reasonably control the inventory level and inventory cycle and withdraw funds as soon as possible.

　　Cctv newsIn October 2017, a number of new laws and regulations will be formally implemented: if the aided person is damaged by voluntary emergency rescue, the rescuer will not bear civil liability; Insulting the national anthem or being investigated for criminal responsibility; The implementation of the newly revised "Contents and Methods of Motor Vehicle Driver Examination"; The group owner shall perform the responsibility of group management; The state no longer uniformly prohibits the use of mobile phones on airplanes, and it is up to airlines to decide.

　　Implementation of that general principle of People’s Republic of China (PRC) civil Law

　　The General Principles of the Civil Law of People’s Republic of China (PRC) was formally implemented on October 1st, which is related to the all-round protection of everyone from the cradle to the grave, such as the civil right of the fetus to inherit and receive gifts; Lower the lower age limit for persons with limited capacity for civil conduct; Emphasize the obligation of raising and supporting; Adults with full capacity for civil conduct can determine guardians through consultation; Increase the protection of virtual property; The limitation of action was extended from two years to three years.

　　Article 184 of the General Principles of Civil Law has attracted much attention, and it is called the "Good Man Law", which clearly states that "the rescuer shall not bear civil liability if the aided person is harmed by voluntary emergency rescue."

　　Insulting the national anthem or being investigated for criminal responsibility

　　National Anthem of the People’s Republic of China Law shall come into force on October 1, 2017. The National Anthem Law stipulates the occasions and etiquette norms when the national anthem should be played, and encourages the broad masses of people to sing the national anthem and patriotic songs. The law also provides penalties for insulting the national anthem and other acts. The National Anthem Law clearly stipulates that in public places, those who deliberately tamper with the lyrics and music scores of the national anthem, play the national anthem in a distorted or derogatory way, or insult the national anthem in other ways shall be given a warning or detained for less than 15 days by the public security organs; If a crime is constituted, criminal responsibility shall be investigated according to law.

　　The new driving test regulations will implement six hanging items, so be careful.

　　The newly revised "Contents and Methods of Motor Vehicle Driver Examination" was officially implemented on October 1st. Among them, the items that need to be carefully failed include: the time limit for reversing the warehouse is 210 seconds, and the overtime is failed; The lateral parking time limit is 90 seconds, and the overtime is suspended; Do not take the initiative to avoid pedestrians when crossing the intersection, and fail directly; Don’t look back before you get off the bus and open the door, stop too far from the curb, and fail directly; Turn without turning on the light, or turn on the light for less than 3 seconds, and fail the course directly; When the slope starts and stops, the car body is more than 50cm away from the edge line, and it is directly failed. In addition, there are three changes: 5 points will be deducted if the curve driving is not above the second gear; The proportion of civilized driving knowledge examination questions increased; 8 relaxation standards for stopover.

　　The group owner shall perform the responsibility of group management.

　　The Regulations on the Administration of Internet Group Information Services came into effect on October 8th. It stipulates that Internet group founders and managers should fulfill the responsibility of group management, standardize group network behavior and information release according to laws and regulations, user agreements and platform conventions, and build a civilized and orderly network group space. Internet group members should abide by laws and regulations, interact with each other in a civilized way and express rationally when participating in group information exchange.

　　The state no longer uniformly prohibits the use of mobile phones on airplanes, and it is up to airlines to decide for themselves.

　　The fifth revised "Rules for the Examination and Approval of Operation Qualification of Large Aircraft Public Air Transport Carriers" came into effect on October 1st. The new rules relaxed the regulations on the management of portable electronic equipment on board, allowing airlines to evaluate the impact of portable electronic equipment as the main body and formulate corresponding management and use policies. In other words, whether electronic products such as mobile phones can be used on airplanes is no longer stipulated by the state, but decided by airlines themselves.

　　These situations are no longer unlicensed and unlicensed.

　　The Measures for Investigating and Handling Unlicensed Business will be implemented on October 1st. After the implementation of the new measures, the following two types of business activities are not unlicensed: selling agricultural and sideline products and daily necessities at places and times designated by local people’s governments at or above the county level, or individuals using their own skills to engage in convenient labor activities without obtaining permission according to law; In accordance with the provisions of laws, administrative regulations and the State Council decisions, engage in business activities that do not require permission or registration. That is to say, in the places stipulated by the government, it is good for farmers to go to the city to sell a dish, and residents to set up a booth to repair an umbrella and sharpen a knife, and they no longer need to apply for a license.

　　Quick return of universal insurance products was stopped.

　　On October 1st, the Notice of China Insurance Regulatory Commission on Regulating the Product Development and Design Behavior of Life Insurance Companies was officially implemented. The new regulations require that "two red lines cannot be touched" in the design of life insurance products: First, products cannot be attached with universal insurance accounts, that is, universal insurance cannot exist in the form of additional insurance; Second, the annuity insurance cannot be returned within 5 years, and the annual return amount after 5 years cannot exceed 20% of the premium paid.

　　The notice also mentioned that insurance companies should be supported and encouraged to differentiate pricing according to the insured’s health status and smoking status when determining the rates of term life insurance products and whole life insurance products, so as to improve the scientific pricing level of products.

　　Implementation of the Regulations on Supervision and Administration of Financing Guarantee Companies

　　The Regulations on Supervision and Administration of Financing Guarantee Companies shall come into force on October 1st. Financing guarantee refers to the guarantor’s behavior of providing guarantee for debt financing such as borrowing and issuing bonds. According to the regulations, a financing guarantee company shall, in accordance with the principle of prudent operation, establish and improve various internal control systems such as business norms and risk management. The balance of guarantee liability shall not exceed 10 times of its net assets, and it shall not provide financing guarantee for its controlling shareholder or actual controller. It is prohibited for a financing guarantee company to engage in activities such as deposit absorption or disguised deposit absorption, self-operated loans or entrusted loans and entrusted investments.

　　Four industry standards for tourism accommodation are implemented, and homestays are also graded.

　　The four industry standards for handling complaints by tour operators, basic requirements and evaluation of tourist homestays, basic requirements and evaluation of cultural theme tourist hotels and boutique tourist hotels have all been implemented since October 1 this year. Among them, it is clear in the Code for Handling Complaints by Tourism Operators that tourism operators should make a decision on accepting complaints within 12 hours, and it should not exceed 24 hours under special circumstances. In "Basic Requirements and Evaluation of Tourist Homes", tourist homestays are divided into two grades, namely, Golden Accommodation Grade and Silver Accommodation Grade. The Jinsu level is a high level.

　　Implementation of the new list of restricted pesticides

　　The List of Pesticides Restricted in Use (2017 Edition) came into effect on October 1, and the labels of pesticides required to be included in the list should be marked with the words "Restricted in Use" and indicate the special restrictions and requirements for use; For edible agricultural products, the label shall also indicate the safety interval.

　　Xiamen, Fujian: Pedestrians can be exempted from punishment for helping to maintain traffic order after passing illegally.

　　The Provisions of Xiamen Special Economic Zone on Promoting Social Civilization emphasizes that "pedestrians who voluntarily receive traffic safety education and help maintain traffic order can be exempted from punishment after passing illegally". Strict penalties are required for illegal parking regulations, and there are special provisions for the standardized parking of shared bicycles.

　　Changchun, Jilin: Cohabitation and other relationships are included in the scope of domestic violence protection.

　　The newly revised Regulations on Prevention and Suppression of Domestic Violence in Changchun will come into effect on October 1st. In the supplementary provisions, the regulations specify that "acts of violence committed between people who are not family members and have relationships such as guardianship, support, foster care and cohabitation, etc., shall be implemented with reference to the provisions of this Ordinance". The regulations stipulate that schools, kindergartens, medical institutions, residents’ committees, villagers’ committees, social work service agencies, rescue management agencies, welfare agencies and their staff find that minors, the elderly, the disabled, women during pregnancy and lactation, and seriously ill patients have suffered or are suspected of suffering from domestic violence, and should report to the public security organ in time; If serious consequences are caused by failing to report the case according to the regulations, the directly responsible person in charge and other directly responsible personnel shall be punished according to law by the superior competent department or the unit.