Changan Automobile

　　UNI-K sales continue to climb, and "Avita" is gradually approaching

　　Event Overview

　　The company released June 2021 sales: June sales totaled 173,000 vehicles, year-on-year -11.0%, January-June cumulative sales 1.2008 million vehicles, cumulative year-on-year + 44.5%; June production totaled 165,000 vehicles, year-on-year -15.1%, January-June cumulative production 1.127 million vehicles, cumulative year-on-year 37.5%.

　　Analysis and judgment:

　　Independent growth slows down, Ford improves month-on-month

　　The company’s sales volume in June was 173,040 units, + 22.2%/-11.0% year-on-year and -6.2% month-on-month. We judge that the quarter-on-month decline was mainly affected by the lack of cores. It is expected that with the impact of the lack of cores beginning to ease in the third quarter, the company’s sales growth rate is expected to pick up; the cumulative sales volume from January to June was 12.08 million units, + 45.5%/+ 44.5% year-on-year in 19/20. The data of the Passenger Federation shows that the year-on-year growth rate of wholesale sales of narrow passenger cars in June was -5.1%, and the company’s sales growth rate was weaker than the market average. By brand:

　　1) Self-owned brands (Chongqing + Hebei + Hefei, the same below): June sales of 91,871 units, + 33.5%/+ 0.4% year-on-year in 19/20, -11.2% month-on-month; January-June cumulative sales of 701,926 units, + 79.1%/+ 67.0% year-on-year in 19/20.

　　2) Ford: Sales of 21,752 vehicles in June, + 34.7%/-1.7% year-on-year in 19/20 and + 11.7% month-on-month. We judge that the improvement in the month-on-month was mainly due to the increase in the contribution of the re-listing of the Ferrez model. From January to June, the cumulative sales volume was 120,994 vehicles, + 61.0%/+ 24.2% year-on-year in 19/20.

　　3) Mazda: June sales were 10,068 units, + 4.4%/-20.2% year-on-year and + 4.4% month-on-month; January-June cumulative sales were 60,330 units, -1.4%/+ 7.7% year-on-year.

　　The proportion of independent sales in June was 53.1%, -3.0pct month-on-month, mainly due to the monthly decline in sales of independent brands; Ford’s June sales proportion was 12.6%, + 2.0pct month-on-month. It is expected that with the improvement of product structure and high gross profit brought by the launch of new cars, it will contribute important increments in the future.

　　Investment advice

　　The bottom of the passenger car industry cycle drives demand to pick up, and the company’s strategic focus on two core assets of autonomy + joint venture is expected to fully benefit. Among them, 1) Changan independence, the product cycle will rise in volume and price; 2) Changan Ford bottom will rise, and the margin will improve. At the same time, the CHN architecture and high-end electric intelligent new brand jointly built by the company with Huawei and () are expected to achieve rapid progress for the company in the development of intelligence and electrification. We maintain the profit forecast unchanged: it is expected that the company’s revenue in 2021-2023 will be 928.14/1022/113.506 billion yuan, the net profit attributable to the parent will be 53.92/60 25/65.94 million yuan, and the EPS will be 0.71/0 79/0.87 yuan. The PE corresponding to the current stock price is 29/26/23 times, maintaining the buy rating.

　　Risk warning

　　Downside risks in the auto market; sales of old models are declining, and sales of new models are not up to expectations; cost reduction and control fees are not up to expectations; Changan Ford’s strategic adjustment effect is not up to expectations; Avita brand development is lower than expected.

　　ZTE

　　2021 H1 performance forecast Comments: Performance exceeds expectations, endogenous changes are born into the sun

　　Upgrade the performance forecast and maintain the overweight rating. Based on the consideration of gross profit margin and share, we slightly raise the company’s net profit forecast for 2021-2023 to 6.513 billion yuan (+ 7.5%), 8.181 billion yuan (+ 2.1%) and 10.261 billion yuan (+ 4.7%), corresponding to EPS of 1.41 yuan, 1.77 yuan and 2.22 yuan respectively. Considering the compounded growth rate of the company’s net profit in the next three years, give the PE of 30x in 2021, and lower the target price to 42.3 yuan (-7.7%), maintaining the overweight rating unchanged.

　　The company announced that the net profit of H1 in 2021 is expected to be 3.80 billion yuan – 4.30 billion yuan, an increase of 104.6% -131.5%. According to the median, the net profit in the single quarter of 2021Q2 is nearly 2 billion yuan, which is expected to hit a new high in operating profit. The main reasons for the high net profit growth are: 1) the company optimizes the market structure, and it is expected that the three business lines will have good revenue growth; 2) its own management and R & D capacity enhancement brings about continuous recovery and improvement of gross profit margin; 3) the transfer of up to 90% of ZTE’s equity, confirming the pre-tax profit of about 800 million yuan; the overall performance exceeds market expectations.

　　5G scale procurement via bidding started, and the company’s various businesses were born into the sun. Recently, domestic operators’ 5G scale procurement via bidding started, and the investment in 2021 showed the characteristics of low before and high after, which better supported the high growth of the annual performance. At the same time, based on the core competitiveness of the company’s chips, algorithms, architectures, databases, etc., it has laid the foundation for business expansion in 5G industry applications, enterprise digitalization, automotive electronics and other fields. The three business lines of operators, government and enterprises and consumers will be further expanded.

　　Endogenous changes are obvious, moving towards high-quality development. The company has strong competitive product advantages under continuous R & D investment, superimposed supply chain, operation and management improvement, gross profit margin and net profit margin will increase, profitability will continue to increase, and it has been on the track of high-quality growth.

　　Risk warning: The epidemic has led to unclear investment by overseas operators and the risk of Sino-US trade friction.

　　Fuman Electronics

　　Rising platform IC star

　　The main business is growing rapidly, and the new product categories are constantly expanding: the company currently has more than 1,000 kinds of various IC products, and continues to enrich the product line. The company takes the lead in card position small pitch & MiniLED driver chip high-quality track, fast charging chip layout is leading, power management chip product line is rich, and actively layout in the field of radio frequency IC, with power management chip design, packaging and testing integrated supply capabilities. The company conducts strategic layout in the two aspects of core product depth development and industrial chain breadth extension, and gradually transforms from a single chip provider to a platform-based analog IC solution service provider. The future growth space is broad. Quarter 1, 2021, thanks to the company’s new product superposition and production, the sales volume and price of mature market products have risen simultaneously, the company’s performance has achieved rapid growth, and its profitability has been greatly improved.

　　LED driver chips are booming, and the company’s products are accelerating in volume: small-pitch LED displays have reached the sweet spot of price, which has significantly stimulated the application demand in related scenarios, and the product has penetrated rapidly. At the same time, under the trend of small-pitch LED displays, with the narrowing of the lamp bead spacing, the number of display driver chips used per unit area has increased exponentially. In the current semiconductor price surge, LED lighting driver chips are not sensitive to price at the end point app store due to their low price base, so there is a large room for price increase. Superimposed with a large amount of chips, it is expected to contribute considerable revenue growth to relevant LED lighting driver chip manufacturers. The company’s LED driver chip layout is perfect, and the technical competitiveness is strong, which can meet the diverse application needs of downstream. The company is the first to break through in the field of small pitch LED display driver chips with a pitch of 1~ 0.3mm, and relies on the comprehensive competitive advantages of technological innovation, product quality, cost performance and the ** to quickly occupy the relevant market, accumulating (), Chau Ming, () and other high-quality customer resources, is expected to continue to increase market share.

　　The fast charging market is accelerating its expansion, and the company continues to expand its high-end customers & applications: The fast charging market is in the stage of accelerated expansion, the industry’s prosperity continues to improve, and the potential app store volume is very considerable. The company has a complete fast charging IC solution, and the PD protocol chip has strong competitiveness. The company vigorously promotes the update of fast charging technology, strengthens its technological leadership and product competitiveness, and the fast charging chip continues to expand to high-end customers such as Aoji and Aohai and high-end applications such as standard power supplies, highlighting its market dominance.

　　The RF domestic replacement space is vast, and the company actively plans to open up a new growth space: the RF front-end chip market is booming, and the domestic replacement space is vast. The company vigorously deploys the RF IC field, and the RF switch and RF PA have been successfully mass-produced. By increasing the production capacity of 5G RF chips, promoting the R & D and upgrading of RF chips, and expanding to the 5G RF chip fields such as SAW filters, LTCC products, and WiFiFEM through endogenous epitaxy acceleration, it is expected to open up a new growth space.

　　Profit forecast and investment rating: We maintain the company’s 2021-2023 operating income forecast of 24.11/35 billion yuan, yoy + 188.4%/45.8%/35.1%, maintain the company’s 2021-2023 net profit forecast of 10.11/14 billion yuan, yoy + 906.3%/39.4%/29.3%, and achieve EPS of 4.93/6 88/8.89 yuan, corresponding to 30/22/17 times PE. Considering that the company’s product categories and app stores in the LED driver IC/power management IC/RF IC market are expected to continue to expand, referring to the average PE (62 times) of comparable companies in 2021, give the company 62 times the target PE in 2021, the target price is 305.66 yuan, and the target market value is 62.682 billion yuan, and maintain the "buy" rating.

　　Risk warning: market demand is not as expected; new product launches are not as expected; customer development is not as expected.

　　China News Service, June 8, according to the website of the Ministry of Transport, the Ministry of Transport issued the "Notice on Doing a Good Job in Promoting Consumption Expansion and Quality of Transportation" on the 8th, saying that it is necessary to promote the development of green consumption in transportation, guide and urge localities to further promote the application of new energy buses and taxis, and gradually promote the electrification and cleanliness of urban public transportation and urban logistics distribution vehicles.

　　According to reports, in order to implement the decision-making and deployment of the Party Central Committee and the State Council on expanding domestic demand, promote the expansion and quality of consumption, promote the formation of a strong domestic market, serve the "Six Stability" work, and implement the "Six Guarantees" task, with the approval of the Ministry of Transport, the relevant work notice on promoting consumption expansion and quality of transportation is as follows:

　　The first is to improve transportation infrastructure conditions and stimulate consumption potential. On the basis of promoting the perfect layout of transportation infrastructure and three-dimensional interconnection, we should highlight problem orientation and goal orientation, and focus on promoting a number of transportation infrastructure buildings that have obvious effects on promoting consumption, so as to create conditions for stimulating consumption potential.

　　Accelerate intercity transportation infrastructure building. Focus on key urban agglomerations and metropolitan areas such as the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, the Guangdong-Hong Kong-Macao Greater Bay Area, and the Shuangcheng Economic Circle in the Chengdu-Chongqing region, and promote the formation of a multi-level rapid transportation network with rail transit and expressways as the skeleton. Improve urban agglomerations and metropolitan area center urban transportation infrastructure building, vigorously develop public transportation, and improve the level of transportation integration. Gradually form a 1-hour commute in metropolitan areas, and a 2-hour accessibility in urban agglomerations.

　　Improve the rural transportation infrastructure network. Promote the high-quality development of "Four Good Rural Roads", vigorously promote the withdrawal of organized villages and other large-scale natural villages with a population, and the opening of hardened roads to border natural villages, and promote more transportation projects to enter villages and households. Deepen the reform of the rural highway management and maintenance system, and speed up the establishment of a long-term mechanism for management and maintenance. Promote the construction of facilities such as ferry reform bridges, land and island transportation terminals, Kuhu District waterways and convenience docks, and improve the conditions for ferries in remote areas. Improve rural logistics infrastructure and service facilities, guide township passenger terminals to expand their functions of commerce, logistics, postal express delivery, etc., and realize "one point and more capabilities, one network and multiple uses, and multi-station integration".

　　Improve the development quality of comprehensive transportation hubs. Promote the construction of comprehensive passenger transportation hubs, and guide and drive the centralized layout, space sharing, three-dimensional or co-platform transfer of various transportation mode facilities. Encourage the use of large-scale comprehensive passenger transportation hubs as carriers to promote the agglomeration and development of related consumer industries such as commerce and finance, tourism and catering, shopping and entertainment, and build an urban complex. Promote the construction of logistics nodes such as national logistics hubs and freight hubs (logistics parks), and guide logistics nodes to expand service functions such as cold chain, postal express, cross-border e-commerce, and air logistics.

　　The second is to improve the quality of transportation services and upgrade service consumption. In response to the difficulties and painpoints faced by passenger travel and lifestyle logistics services, efforts will be made to improve the speed and convenience of travel services, promote the green and efficient development of freight logistics services, and open up the "blockage point" restricting consumption in the transportation sector to enhance consumption vitality.

　　Improve passenger transportation services. Speed up the remaining townships and villages with the conditions to pass buses, consolidate the achievements of the existing buses, and ensure the high-quality completion of the goal of passing buses by the end of September 2020. Fully realize the normal operation of the passenger rolling transport liner in the Qiongzhou Strait, and further shorten the average time for passengers to cross the sea. According to local conditions, promote the improvement of night economic transportation supporting services. Continuously meet the special needs of the disabled, the elderly and other groups, and improve the level of barrier-free and convenient travel services.

　　Optimize passenger transfer services. Further enhance the service level of passenger intermodal transportation, and effectively improve passenger travel experience. Encourage localities to strengthen innovation, and promote the opening and sharing of information on various modes of transportation, management coordination, optimization of security inspection processes, and integration of ticketing services. Promote the experience and practices of passenger intermodal transportation in Heilongjiang, Beijing, Nanjing, Shenzhen and other places. Strengthen the connection of urban public transportation and auxiliary public transportation services in comprehensive passenger transportation hubs, and improve the level of passenger "last mile" connection services. According to market demand, encourage the establishment of car rental service outlets at airports, railway stations, port passenger terminals, etc.

　　Improve the level of ticketing services. Encourage enterprises to use the Internet and other information technology applications to improve the level of ticketing services for networking, connecting, off-site, round-trip, and refund tickets, and guide Internet enterprises to provide "one-stop ticketing services" for intermodal transportation. Expand transportation card travel applications in taxis, city ferries, and road passenger transportation operated by buses. Promote road passenger e-tickets, and carry out pilot applications of road passenger e-tickets in Beijing, Jiangsu, Jiangxi and other provinces to improve the level of digitalization and informatization of road passenger transportation, and improve passenger travel experience. Promote the application of waterway passenger e-tickets, and carry out e-ticket applications in key waters such as Qiongzhou Strait and Bohai Bay. Continue to promote the implementation of the cruise ticket management system.

　　Improve the service level of life logistics. Promote the construction of "Global 123 Express Logistics Circle" to support the growing demand of residents for fast and convenient logistics services. Deepen the urban green freight distribution demonstration project, and guide local governments to coordinate urban transportation and urban material distribution needs according to the actual development, and accurately formulate urban distribution vehicle traffic control policies. Encourage local governments to strengthen departmental cooperation, promote information and data sharing, and provide support for improving the informatization level of urban freight distribution. Improve cold chain transportation standards and norms, improve the technical equipment level of cold chain logistics vehicles, and improve the quality of cold chain transportation services. Continue to promote the integration of delivery and mail, and improve the rural logistics service system at the county, township, and village levels.

　　The third is to promote the cross-industry integration of transportation and cultivate new consumption. Give full play to the advantages and characteristics of transportation points, long lines, and wide coverage, promote the integration and linkage of transportation "upstream and downstream, left and right" industries, and improve the application and development level of new technologies, new formats, and new models. Provide support for new consumption.

　　Promote the integration of transportation and tourism and sports industries. Strengthen the connection between expressways and scenic transportation, fully consider the connection with key scenic roads in expressway planning and construction, and improve the setting of traffic guidance signs. Promote the expressway service area to expand tourism, consumption and other functions according to local conditions, and combine regional characteristics to support RV parking spaces, gas stations, new energy vehicle charging piles and other facilities and equipment. Continue to promote the construction of tourist roads, tourist waterways, cruise yacht terminals, promote the development of cruise economy, tourism trains, low-altitude flight tourism, etc., and promote the cruise port to improve service levels. Encourage the creation of independent brand sports events featuring transportation resources.

　　Promote the integration of transportation and information industry. Promote the new transportation infrastructure building, improve the intelligent and digital level of transportation infrastructure. Promote the application of autonomous driving and vehicle-road coordination technology. Use "Internet +" technology to promote the healthy development of shared transportation, and encourage the development of new formats and models of travel services such as small and micro passenger car time-sharing leasing and road passenger transportation customization services. Encourage the development of "Internet +" efficient logistics, improve the level of automation, intelligence and digitalization of logistics, and improve the quality of services in areas such as timely delivery and cold chain express delivery, so as to effectively support the development of e-commerce and digital consumption.

　　Promote the development of green consumption in transportation. Guide and urge all localities to further promote the application of new energy buses and taxis, and gradually promote the electrification and cleanliness of urban public transportation and urban logistics distribution vehicles. Speed up the elimination of scrapped and old diesel trucks. Study and establish relevant standards and specifications for the safety and operation and maintenance of new energy vehicles in the field of road transportation. Guide logistics enterprises to use packaging that meets environmental protection and recyclable standards, avoid repeated packaging and excessive packaging, and improve the level of resource reuse and recycling.

　　The fourth is to create a safe transportation consumption environment and improve consumer satisfaction. Further enhance service awareness, and effectively safeguard consumer rights and interests through service innovation, transportation market supervision, and smooth rights protection channels, and strive to create a safe, convenient and comfortable transportation consumption environment.

　　Encourage innovation in service methods. Encourage all kinds of Internet platforms and market players to participate in the development of big data products and value-added services for transportation and tourism services, and use the mobile Internet as a carrier to provide the public with comprehensive information services such as diversified transportation, tourism, and sports events. Continue to deepen the expansion and application of ETC. Promote differentiated toll collection on expressways.

　　Maintain the order of the transportation market. Build a fair, open, competitive and orderly transportation market, improve market access and exit systems, and strive to improve the rules for the operation of the industry. In key areas such as transportation, transportation and logistics, build a new credit-based supervision mechanism, study and promote the interconnection of credit information, mutual recognition of credit evaluation, joint reward and punishment interaction, and credit repair interoperability. Cross-regional credit supervision and application, and optimize the overall credit environment of the industry. Promote the expansion and application of the electronic health file system for automobile maintenance to provide support for promoting used car transactions. Strengthen the supervision and management of transportation services, comprehensively use the Internet, WeChat, telephone and other channels to open up and accept problems reported by the masses, respond to problems in a timely manner and properly solve them, and improve consumer satisfaction.

　　Guarantee the safety of passengers’ travel. In accordance with the relevant requirements of the "Guidelines for the prevention and control of COVID-19 epidemic in passenger stations and transportation vehicles by zoning and grading", do a good job in epidemic prevention and control of passenger stations and transportation vehicles. Supervise transportation enterprises to implement the main responsibility of safety management. Further strengthen safety supervision and emergency response capacity building. Increase investment in infrastructure safety protection, and improve the safety protection capacity of key infrastructure. Build a safe vehicle and ship terminal, strengthen safety inspection and danger work, and create a safe environment. Promote the sharing of inter-provincial chartered passenger transportation sign information and external inquiries, and improve the safety and standardized operation level of tourist chartered vehicles. Implement key supervision of safety production on long-distance passenger routes and sleeper buses over 800 kilometers.

　　Fifth, strengthen organization and implementation to ensure effective results. Strengthen organizational leadership, innovate working methods, strengthen publicity and guidance, strive to promote consumption expansion and quality improvement to achieve practical results, and provide strong support for coping with the adverse impact of the epidemic, effectively expanding domestic demand, and promoting the formation of a strong domestic market.

　　Strengthen organizational leadership. Transportation authorities at all levels should raise their political standing and fully understand the importance of transportation to promote consumption expansion and quality improvement. In their work, they should strengthen organizational leadership, improve service awareness, strengthen departmental linkage, refine and implement measures in combination with actual conditions, and increase the reform of "decentralization, management and service" to form a joint force to promote consumption expansion and quality improvement.

　　Innovate working methods. Strengthen policy innovation and system innovation, and encourage local transportation authorities to promote consumption expansion and quality improvement according to local conditions through pilot exploration, demonstration-driven, and policy support. For projects that meet the requirements of the pilot program for building a transportation power, are highly innovative and have outstanding demonstration-driven, the Ministry of Transport will be included in the pilot program according to the procedures.

　　Strengthen propaganda and guidance. Give full play to the role of the media in guiding public opinion, make extensive use of key news websites, major commercial websites and media platforms such as Weibo, WeChat, mobile client side, etc., carefully set topics, vigorously publicize the good experience and good practices of transportation to promote consumption expansion and quality, and play a typical demonstration and driving role.

　　On April 18th, at the subway station of Hexi District Cultural Center in Tianjin, the "Anyang" subway train launched by Anyang Municipal Party Committee and Municipal Government officially entered Metro Line 6. Passengers on this line will enjoy the charming scenery of Damei Anyang in the carriage. On the same day, 8 "Anyang" subway trains in Tianjin 2, Beijing 4 and Zhengzhou 2 were started simultaneously.

　　At 10 o’clock in the morning, Yuan Jiajian, the mayor of Anyang, announced that eight "Anyang" subway trains in Beijing, Tianjin and Zhengzhou had started! An "Anyang" subway train loaded with Anyang cultural tourism elements leaves on Tianjin Metro Line 6. At the same time, Beijing Metro Lines 1, 7 and 9, Zhengzhou Metro Lines 1 and 5 and Tianjin Metro Line 1 welcomed the "Anyang" special train.

　　Boarding the "Anyang" subway train, the reporter saw that each carriage had a different theme, showing the text and map introductions of more than 10 famous scenic spots such as Yinxu, Hongqi Canal, Linzhou Taihang Grand Canyon, Tangyin Yuefei Temple and Mashi Manor. In order to attract more tourists to Anyang, the departure ceremony also presented a "big gift package" for Huimin to the public. In the "Anyang" subway train, a WeChat QR code can be seen everywhere. The public can simply scan the QR code and get a ticket for Anyang A-level key tourist attractions for free. "Forward this QR code to the WeChat circle of friends. When others see it, they can also scan the code to get free tickets." Xue Wenming, director of Anyang Culture, Radio, Film, Sports and Tourism Bureau, introduced.

　　"The opening of the’ Anyang’ subway train this time is not only an important measure to facilitate citizens’ travel, but also a concrete action for Anyang to integrate into the coordinated development strategy of Beijing-Tianjin-Hebei. In the next step, we will continue to promote the in-depth cooperation of cultural tourism between the two places to realize resource sharing, complementary advantages, market interaction and common development. "Yuan Gujian said.

　　Li Zhuo, member of the party group and deputy director of Tianjin Culture and Tourism Bureau, said that Anyang and Tianjin are both national historical and cultural cities. In the past two years, there have been more and more cultural exchanges and closer friendly cooperation. The promotion of Anyang’s cultural tourism resources through a series of activities such as the launching ceremony of the "Anyang" subway train will promote more and deeper cultural exchanges between the two places, attract many Tianjin tourism enterprises and citizens to experience different customs in Damei Anyang, and promote in-depth cooperation and win-win development of cultural tourism between the two places.

　　"I only knew that there was Oracle Bone Inscriptions in Anyang before. Today, I learned so many tourism resources in Anyang by subway. I must take my children to Anyang to have a look!" Ms. Wang, a citizen of Tianjin, took out her mobile phone to scan the code and drew a free ticket to the Taihang Grand Canyon in Linzhou. "She said that she would forward the WeChat circle of friends and invite friends and relatives to go together.

　　After the "Anyang" subway train started, the relevant departments of Anyang City and the representatives of scenic spots also distributed small gifts and tickets to passengers in the carriages.

[Autohome News] Recently, Hengchi Automobile officially announced that Hengchi 5 will open on August 1, after the official has announced the pre-sale price of the car – 179,000 yuan.

Previously, the official has announced the car purchase policy of the car, users can enjoy the car within 15 days after the car can be returned and refunded, the car within three years after the 60% off the value of the repurchase, the first 10,000 car deposit 10,000 yuan to 20,000 yuan, free to provide Hengchi H-Pilot intelligent auxiliary driving package, vehicle lifetime quality assurance, three electricity lifetime quality assurance, lifetime enjoy 2 times a year free basic maintenance, free home charging piles and free installation services, free 5 years (10G/month) vehicle traffic package, lifetime enjoy 24 hours of free road assistance.

The Hengchi 5 is a compact all-electric SUV with a simple and stylish overall design. It features a split light set design and a recognizable daytime running light above it. It features a popular floating roof design, bladed rims, and six paint options.

In terms of body size, the length, width and height of the new car are 4725mm/1925mm/1676mm respectively, and the wheelbase is 2780mm. At the rear, the taillights echo the headlights, and the chrome trim connects the light groups on both sides, so the overall design is relatively simple.

The car of the new car adopts a number of large screens, including a 10.25-inch dashboard, a 14.6-inch central control screen and a 10.25-inch co-pilot screen. It uses Qualcomm’s third-generation Snapdragon digital cockpit platform, which is equipped with 5G communication, high-precision maps, Baidu ecosystem, in-screen virtual assistant, intelligent voice interaction, gesture interaction (future OTA upgrades have gesture control) and other functions. Navigation will have AR augmented reality function. Facial recognition can monitor the driver’s expression and make corresponding function reminders according to the expression, such as monitoring the driver’s fatigue to make a warning, and the mobile app can remotely control the car.

In terms of power, the total power of the new motor is 150kW, the total torque is 345N · m, the CLTC comprehensive battery life is 602km, the 0-100km/h acceleration is 7.8 seconds, and the Ningde era lithium iron phosphate battery is used, and the battery capacity is 72.8kWh. The new car will be equipped with more than L2 level auxiliary driving functions, super highway assistance can automatically change lanes, and the new car is also equipped with remote control parking function. (Text/Autohome Chen Hao)

Recently, the official of the Zhejiang Provincial Department of Economy and Information Technology announced a "List of Future Factories in Zhejiang Province in 2023", identifying 213 factory/workshop projects in Zhejiang Province as provincial future factories, smart factories, and digital workshops in 2023. Among them, Wencheng Wahaha Hongzhen Food Technology Co., Ltd. appeared in the list and was successfully rated as "Zhejiang Province Future Factory in 2023".

Wencheng Wahaha Hongzhen Food Technology Co., Ltd. is the unit of Wahaha Wencheng Factory. This "factory in the mountains", which has attracted much attention since the start of construction two and a half years ago, has also been regarded as the latest thinking and exploration of Wahaha Group in the field of intelligent manufacturing.

The "factory of the future" in the mountains drives rural revitalization and high-quality take-off

Wahaha Wencheng Future Factory is located in Bailuzhou Water Economy Industrial Park, Wencheng County, Wenzhou City. It is the fourth factory invested and built by Wahaha in 26 counties in mountainous areas of Zhejiang Province, and one of the 76 branch factories established by Wahaha in less developed areas across the country in the past 37 years. Wencheng Base covers an area of about 120 acres and mainly produces innovative beverage knock-out products such as Wahaha AD calcium milk, eight-treasure porridge, high-calcium multi-dimensional milk drinks, and coconut milk.

The Wahaha Wencheng project owner said: "Generally speaking, large enterprises build factories in underdeveloped areas, and they may transfer backward production capacity. But Wahaha builds factories to bring the most mature production lines and the most advanced technology to 26 counties in mountainous areas of Zhejiang, and help local industries develop through’technological hematopoiesis’, sowing the seeds of technological take-off in the mountains."

It took only 15 days from negotiation to signing, only 2 months from signing to land supply, only 11 working days from land supply to construction project planning license, and only 7 months from starting construction to commissioning and production of the first production line… Now officially certified as the "factory of the future", the construction of Wencheng factory is not only a vivid example of the industrial prosperity of 26 counties in mountainous areas of Zhejiang, but also runs out of the "Wahaha speed" of intelligent manufacturing project construction.

At present, Wencheng factory has completed multiple rounds of recruitment, with nearly 200 employees, the vast majority of whom are locals in Wencheng County. Wahaha Wencheng factory continues to "make blood" for the local area in terms of providing employment, raw material procurement, and logistics promotion. While driving the development of related industries in the region, it has also taken the lead in setting a model for the intelligent transformation and upgrading of food and beverages.

Fresher, safer, aseptic cold irrigation guarantees the core competitiveness of products

In general, the hot filling process of traditional beverage production lines requires a filling temperature above 90 ° C to meet the sterilization needs of liquids. High temperature sterilization takes a long time and the temperature is high, and some flavor substances in the beverage may be affected by the temperature during this process. The taste and aroma of beverage products filled at room temperature will be more self-heating, but there are higher requirements for the sterilization process.

Wahaha Wencheng factory has introduced the most advanced intelligent aseptic cold irrigation equipment, using dry hydrogen peroxide gas sterilization process, aseptic bottle blowing technology, and aseptic level microbial isolation system, which can achieve the log6 microbial control level, which is the highest standard in the global industry. This also means that each bottle of "Wahaha" that is rolled off the assembly line of Wencheng factory can retain nutrients and flavor to the greatest extent while ensuring product sterilization requirements.

Taking Wahaha "coffee position" coffee as an example, the production process adopts "high temperature spray drip filtration" and "instantaneous fresh-locking technology". Through the filling and sterilization process of the aseptic room temperature cold filling production line, the product realizes aseptic blowing and aseptic room temperature filling, which retains the fresh aroma of coffee to the greatest extent and truly achieves "fresh can" quality.

Cleaner, more efficient, green production escorts green mountains and waters

Looking down from the factory, patches of gray-black photovoltaic panels cover the factory roof like scales.

In response to the national 3060 double carbon policy, Wahaha actively promotes the installation of distributed photovoltaic power generation devices to gradually establish a multi-energy complementary, optimized combination of fossil energy and new energy, and then establish a low-carbon green power system with renewable energy as the main body. Wahaha Wencheng factory has installed a total of 4.5MW distributed photovoltaics, with a total power generation area equivalent to 14.69 standard football fields. The annual power generation and consumption are about 1.30 million degrees, which can reduce carbon dioxide emissions by 1020.5 tons.

Wahaha Wencheng Future Factory practices green production, reducing water consumption and wastewater discharge and improving water resource utilization through steam condensate recovery, RO concentrated water recovery, water-saving management at key water points, and odor biological purification treatment technology in the sewage treatment process. Through the application of a series of green water-saving technologies, it can save more than 10,000 tons of water annually.

What’s more worth mentioning is that Wahaha Wencheng Future Factory has applied Wahaha’s self-developed flexible and intelligent low-emission CIP system for the first time. Each process pipeline in production can automatically call the corresponding cleaning program, cleaning parameters, and customized cleaning according to different production products and processes. To ensure that each pipeline has the shortest cleaning time, the best effect, and the lowest energy consumption. Special recycling treatment and reuse technology is adopted for the acid and alkali used for cleaning. Some of the cleaning water is recycled after special process treatment, which greatly reduces water consumption and sewage discharge. After the implementation of the project, Wencheng Factory will reduce the discharge of cleaning water and sewage by 52% every year, and reduce the consumption of acid and alkali by 30%.

Environmentally friendly has always been an inseparable goal of industrialization. Wahaha Wencheng Future Factory realizes intelligent energy management, improves energy utilization efficiency, and establishes a high-standard and highly integrated smart energy management system to promote industrial development while caring for greener mountains and greener waters.

Smarter, more flexible, full-link upgrades lead the era of Industry 4.0

Behind a bottle of beverage is Wahaha’s "butterfly change" breakthrough in full-link production autonomy and intelligent construction over the years.

As early as more than a decade ago, Wahaha began to lay out the digital and intelligent transformation. From the earliest introduction of foreign advanced production lines, to the later introduction of stand-alone integrated automated production lines, to the design and planning of future factories, through the "three-step" strategy, Wahaha has taken the lead in realizing the transformation and upgrading from automation to intelligence.

It is precisely because of its deep cultivation of back-end innovation capabilities that Wahaha has become the only enterprise in the food and beverage industry with the ability to develop, design, and manufacture molds, beverage production equipment, and industrial robots by itself. It was selected as the "first batch of intelligent manufacturing demonstration units of the Ministry of Industry and Information Technology of China" in 2015, and built the first intelligent beverage production line in the domestic industry in early 2017.

Today’s Wencheng Future Factory is fully confirming Wahaha’s latest practice of intelligent manufacturing. Relying on the WERP platform, Wahaha Wencheng Factory can quickly achieve interconnection with the group’s resources, information and data, integrate and apply the most advanced aseptic intelligent manufacturing equipment and modular production process in the industry, "one-click intelligent control" ingredient center, intelligent visual inspection, 5G intelligent warehousing, intelligent logistics platform and other advanced technologies to achieve comprehensive improvement in efficiency, cost, quality and other indicators, leading the future factory construction of the food and beverage industry.

This also means that Wahaha Wencheng’s future factory has been completely different from the Industry 3.0 format, but through the Internet of Things to connect automation equipment with orders, materials, networks, and data, and perform full-link information processing and calculation, ultimately with the least waste, the easiest and most effective communication, reducing intermediate participation links, and realizing the efficiency and energy conservation of Industry 4.0 production.

Step by step, steady progress. What is visible is the bottle of beverages on the shelf, what is invisible is the steady technological "internal strength" behind it, and consumers are expressing their enthusiasm and trust in the brand with good word-of-mouth evaluation and actual purchasing power. As Wencheng’s future factory "Wahaha" rolls off the production line and is sold nationwide, Wahaha will continue to move towards the "intelligent manufacturing benchmark" in the food and beverage industry.

　　Our reporter, Du Xiao　

　　The intern of this newspaper, Liu Yanqing

　　Recently, the person in charge of Didi’s access security publicly stated that the conservative estimate of the market size of online car-hailing black production reached 1 billion yuan.

　　Didi also said that the phenomenon of "people do not match" is directly a permanent suspension of service processing. The current platform targets the average daily face verification of drivers to 4.30 million times, covering 100% of the total number of drivers’ out-of-the-car verification and in-trip sampling, and the monthly average manual sampling review 600,000 times. Despite possibly facing the strictest controls, some drivers still take risks.

　　The Legal Daily reporter learned in the interview that at first, the illegal production of online car-hailing was mainly to register false driver accounts and receive orders to obtain platform subsidies. Later, some "vest cars" appeared in the development process of online car-hailing, that is, online car-hailing cars whose actual information does not match the registration information. However, with the increasing supervision and crackdown, the problem of black production of online car-hailing cars is gradually improving.

　　Called a car and found that the information did not match

　　Some passengers will not report

　　According to Didi, "the latest information from Didi’s intelligence team shows that the quotation of the black industry’s plan to bypass the face has exceeded 2,000 yuan."

　　After searching the Internet, the reporter found that relevant information such as registration can still be found, but the number is very small. Once contacted, the other party will ask to add WeChat for further details.

　　"If you don’t have enough driving experience to register with the original license plate, change the foreign license plate to the local license plate, and solve the problem that the system does not send orders," a merchant offering online registration services said in the advertisement. The price of this service is 200 yuan.

　　The reporter searched the other party’s public WeChat and found that the WeChat account could not be displayed abnormally, and then the other party provided another contact information. The other party told the reporter that the driving age is insufficient and cannot be handled, but the car age is over and the foreign license plate can be replaced with a local license plate. The average asking price is 1,000 yuan. "The 200 yuan price is just to attract buyers to come to consult."

　　When asked whether they could guarantee that they would not be banned, the other party said that whether a normal car could be banned depended on whether it would be complained by passengers. If there were many complaints, the number would be banned, and if there were few complaints, it would not. False registrations pose a risk of being banned. Think carefully before registering.

　　Regarding the issue of being banned, the other party also offered a trick: "Once the customer finds that there is a problem, he has to rely on his words to convince the customer, and if he can convince the customer, he will not be complained. Or when he is almost at the boarding location, he will call the customer again, divert the customer’s attention and make him not pay attention to the license plate, and then he will be fine."

　　Another registered merchant who advertised on the forum told reporters that it is generally impossible to register if the driving age does not match, and the online car-hailing platform has stricter supervision on this. However, there are also individual online car-hailing platforms that can register if the driving age is not enough. Although the review also has driving age requirements, it can be operated in the background. Charge 200 yuan to help register and activate the account, and ensure that it is in compliance with the registration, there will be no risk of being banned, and access to the order pool to grab the reservation will cost extra.

　　For passengers who encounter "people do not match", some people will not choose to report or complain.

　　A female passenger told reporters that she placed an order through the platform, and when the car arrived, she found that the license plate number was not the one displayed when she placed the order.

　　"At first I thought the driver was looking for the wrong person, but the driver explained to me that the platform had mistaken his information. The driver gave his mobile phone number to prove his identity, and other information displayed on the order was correct, so I got on the bus," the passenger said.

　　Another passenger also encountered a similar situation. He told the reporter that the waiting car did not match the information of the called car, but the driver said that it was his friend who took the order, and he came on behalf of the friend because of something temporary. If you are not at ease, you can place a new order. For safety reasons, the passenger chose to place a new order.

　　"It’s not credible to get the wrong information." Hu Ping (a pseudonym), who has been working as a part-time online ride-hailing driver since 2016, told reporters that if there is indeed an error in the registration of information, it is more difficult to correct the information, because the customer service is usually busy and cannot take care of it.

　　"Whether the information is true or not has a big impact on the driver. Once the passenger complains about this, the platform will block the driver," Hu Ping said. "When registering a driver’s account on the online ride-hailing platform, you need to upload a driver’s license, vehicle driving license, ID card, etc. As long as the information is true and the certificate is valid, the review can basically be passed within three to five working days."

　　There are many hidden dangers of fake accounts

　　The compliance process needs to be accelerated

　　It is understood that the Guangdong police had previously announced the top ten cyber security cases in 2017, among which the "Didi black product" case attracted attention. The police revealed that there were hundreds of thousands of accounts involved, and the amount involved was as high as tens of millions of yuan.

　　Zhao Zhanzhan, a special researcher at the Intellectual Property Research Center of China University of Political Science and Law, believes that online car-hailing black production involves issues such as the sale of personal information and vehicle information. At present, the supervision is already very strict. The reason why online car-hailing black production exists is because of market demand and profitability, coupled with some deficiencies in the management of online car-hailing platforms, which are exploited by criminals.

　　"Drivers registering fake accounts will bring safety hazards to passengers. On the one hand, they avoid the safety review of the platform, and on the other hand, they will increase the risk of personal harm to passengers. For example, some people may want to engage in illegal and criminal activities, some people may not be qualified to drive, and some people may not be skilled in driving." Zhao Zhanzhi said.

　　Fu Weigang, a researcher at the Shanghai Institute of Finance and Law, believes that in recent years, regulators have increasingly strictly regulated the online car-hailing market.

　　According to Fu Weigang, in January 2019, the Ministry of Transport issued the "Notice on the Key Points of Transportation Safety Production Work in 2019", proposing to speed up the process of online car-hailing compliance, and all localities have also continuously urged online car-hailing platform enterprises to speed up the process of compliance. The Shanghai Municipal Transportation Commission Law Enforcement Corps issued a notice requiring all online car-hailing platform enterprises to complete by the end of June: clear the registered vehicles without online car reservation qualifications in the platform, clear the non-compliant personnel and vehicles in the blacklist that were seized and warned in the early stage, improve the basic information of vehicles and drivers, and synchronize the supervision platform in real time. At the same time, platform companies are required to conduct offline entity inspections or reviews of newly registered vehicles and vehicles suspected of "vest" complaints, and strengthen legal education for drivers on the platform.

　　"In fact, for many users, they are mainly concerned about whether the driver drives well or not, whether the service is good or not, and whether the driver’s registration information matches the actual situation and whether the household registration is local. Some users may even worry that if the driver’s entry threshold is too high, the number of drivers will be reduced, which will lead to more expensive taxi prices," Fu Weigang said.

　　Zhao Zhan suggested that passengers themselves should raise their safety awareness and make more efforts within their means, including complaining to the platform if they find that the driver does not match the vehicle information, and assisting the platform in strengthening the management of drivers and vehicles.

　　Appropriately lowering the entry threshold

　　Promote the regular operation of drivers

　　In 2016, after the Ministry of Transport, MIIT and other seven ministries jointly issued the Interim Measures for the Administration of Online Booking Taxi Business Services, various localities successively issued detailed implementation rules.

　　According to media reports, in 2018, Hangzhou introduced a new policy, canceling a number of requirements for online car-hailing drivers, and at the same time adopting a policy of one test and two certificates. Once the driver passes the test, he not only obtains the qualification to drive an online car, but also can drive a taxi. This also makes the number of compliant drivers increase more than 3 times in 2018. At present, the number of online car-hailing drivers in Hangzhou who have obtained the qualification certificate has reached 55,000.

　　Yu Mingyuan, director of the Highway Traffic Development Research Center of the Highway Science Research Institute of the Ministry of Transport, said in an interview with the media that, for example, excessive requirements are placed on technology, and even excessive requirements are placed on the length and frame of the vehicle. Some also require local household registration, and now there are also requirements that the manufacturer is also local.

　　In Fu Weigang’s opinion, some places have set more restrictions on the access of online car-hailing drivers, which will lead to some people not meeting the conditions, which will lead to the creation of online car-hailing illegal production. The stricter the similar standards, the larger the scale of online car-hailing illegal production may be. "If the standards are too high, it will be more unsafe to have black cars. If the standards are relaxed, then some drivers can directly operate online car-hailing through regular channels."

　　Zhao Zhan also believes that to rectify the illegal production of online car-hailing, the threshold for online car-hailing should be appropriately lowered to solve the problem of non-compliance of some online car-hailing drivers. Judging from the implementation of online car-hailing policies, some places have introduced stricter policies, and there are fewer qualified drivers and vehicles. Although the high threshold for access to the online car-hailing market is one of the reasons for the emergence of illegal production of online car-hailing, if there is no access threshold, it will not meet the current laws and regulations, and it will also be opposed by the traditional taxi industry. The threshold for access to online car-hailing needs to be set, mainly whether the level is appropriate.

　　Fu Weigang suggested that to solve the problem of illegal production of online car-hailing, from the platform side, we should first improve the mechanism and system, so that passengers can promptly identify drivers with good service and poor service, and eliminate drivers with poor service. Secondly, the online car-hailing platform should be responsible for reviewing driver information and promptly connecting with the information systems of the public security department, transportation department and other relevant departments.

　　Zhao Zhan added that the platform side should play a leading role in the rectification of online car-hailing black production, and can identify fake accounts through technical means, increase the crackdown, and ensure the safety of passengers.

In the digital age, parents are increasingly concerned about their children’s mobile phone use, especially in the areas of learning and health. DuoPro brand has responded to this trend with four anti-addiction mobile phones designed specifically for students, designed to assist them in achieving a balance between academics and entertainment. Here is a detailed analysis of these four products:

1. ** Qin3Ultra ** – As a 4G full Netcom smart learning machine with anti-addiction function, it is especially suitable for junior high school and high school students. This starry sky gray color scheme product is equipped with 8GB random access memory and 256GB storage space to ensure smooth operation and provide ample storage space. Built-in self-developed anti-addiction system and parental control tools, it is convenient for parents to monitor their children’s online activities, and supports convenient life service functions such as payment code and ride code. Although it does not support wireless charging, it has 18W wired fast charging.

2. ** F21Pro ** – The F21Pro integrates button and touch screen operation, and the built-in Xiao Ai student assistant is convenient for information inquiry or voice interaction. The 3GB RAM and 32GB ROM design are simple and practical, and are compatible with China Mobile, China Unicom, and Telecom’s triple network 4G network connection. Although there is no high definition camera and waterproof characteristics, it is an ideal choice for students or the elderly who need simple communication.

3. ** Qin3 ** – This health-conscious student version of the phone comes with an MTK 6762 processor in a black exterior and a rear 8 million pixel camera and front 5 million pixel lens for basic photography needs. Its compact and minimalist design is easy to carry and features autofocus to ensure call quality.

4. ** Platinum Qin3 ** – Although there are minor parameter differences (such as battery capacity), the version based on the same MTK 6762 CPU provides a large capacity of 4GB + 64GB storage space to accommodate file management and game download needs. The thin and light body design is comfortable to hold, and it is equipped with a Type-C interface for easy data transfer.

With everything from assisted learning to healthy internet access to basic communication tools, DuoPro’s products are ideal partners for fostering digital habits and protecting privacy, whether in school or at home.

　　() On December 27, the record form of investor relations activities was released. The company was surveyed by 5 institutions on December 26, 2023. The types of institutions are other, fund companies, securities companies, and sunshine private equity institutions. The main content of investor relations activities is introduced:

　　Q: Could you please introduce your cooperation with Huawei?

　　Answer: Changan Automobile and Huawei signed the Memorandum of Understanding on Investment Cooperation in Shenzhen. According to the Memorandum of Understanding, Huawei intends to integrate the core technologies and resources of its smart car solutions business into the new company. Changan Automobile and its related parties will be interested in investing in the company and jointly support the future development of the company with Huawei. The new company will strive to become a world-class leader in the automotive intelligent driving system and components industry. As an open API serving the automotive industry, it will open its equity to investors such as existing strategic partner automakers and strategically valuable automakers, and become a diversified company. The new company will continue to serve customers with high quality, and work with partners to promote the innovation and leadership of smart car technology and promote the prosperity and development of the automotive industry. This cooperation will accelerate the construction of a complete, autonomous and leading full-stack intelligent vehicle capability for the intelligent era, and realize the company’s comprehensive and stable transformation to an intelligent low-carbon travel technology company. Thanks for your attention.

　　Q: Second, what is the company’s plan for the battery system?

　　Answer: On the technical route, Changan Automobile focuses on breakthroughs in battery cell technology. Carry out technical research around liquid battery material modification, system optimization, etc., and continuously improve the battery energy density. The charging rate can be applied to 3C, popularized to 5C, and pre-researched to 7C. The fastest charging can be achieved in 7 minutes and the battery life is 400 kilometers. Deeply cultivating the development of new electrolyte materials and key processes for semi-solid and solid-state batteries. Based on the needs of the whole vehicle, it is developing leading solid-state batteries. It will be gradually mass-produced and applied from 2025. The weight energy density will reach 350-500Wh/kg and the volumetric energy density will be 750-1000Wh/L. It will be fully popularized and applied in 2030. In terms of new batteries, the prototype cell design of new batteries such as lithium-sulfur batteries and metal batteries is being carried out. It is expected that the energy density will exceed 1300-1500Wh/kg, and strive to achieve on-board application in 2035. In addition to structural innovation and material system innovation, the company will also carry out system integration innovation. Focus on solving problems such as complementary energy efficiency, intrinsic safety, full temperature range and full scene application, artificial intelligence and large model application, and continue to bring leading technical solutions. In terms of product layout, in terms of batteries, it is planned to launch 8 self-developed cells such as liquid, semi-solid and solid by 2030, forming a battery capacity of 50-80GWh. In terms of battery pack integration, the first CTV technology will start mass production in 2024, achieving group efficiency ≥ 86%. In terms of battery energy system, through the expansion of technology, products and business models, we will build a complete renewable energy ecosystem with "energy" as the main line, form an industrial closed loop of energy production, storage and utilization, and maximize the value of the entire industrial chain. In terms of system capacity, Changan Automobile has established an Advanced Battery Research Institute, which has more than 1,200 battery R & D personnel, including 125 senior experts and top academic talents. In the future, it will invest 10 billion yuan to reach 3,000 battery teams by 2024. Changan Automobile has established a mature and complete R & D management, capacity management, supply and marketing management system, and continues to attack core technologies. It will focus on material innovation, system integration innovation and other aspects to achieve new breakthroughs. At the Guangzhou Auto Show, Changan Automobile released its self-developed battery brand and named it Changan "Golden Bell Cover". Just as the brand name implies, Changan Automobile’s battery system,Through both internal and external repairs with the vehicle, with solid internal strength, it will comprehensively solve users’ anxiety in energy density, charge and discharge efficiency, cycle life, low temperature performance, etc., and bring users a new experience of "long life", "real safety", "super efficiency" and "quick replenishment". Thanks for your attention.

　　Q: III. What is the competitive advantage of the company’s S7i and SL03i?

　　Answer: On November 6, the intelligent solution of Deep Blue Automobile was officially released, and the new Deep Blue S7i and Deep Blue SL03i equipped with high-order intelligent driving assistance were launched simultaneously. Deep Blue High-order Intelligent Driving Assistance DeepalAD focuses on the three scenarios of high-speed, urban area and parking that users use the most frequently. Through more than 20 functional configurations, it brings users a happy driving and comfortable parking experience. First, high-speed navigation saves effort and worry, making high-speed unimpeded. DeepalAD is based on high-precision maps, simplifies driving operations, realizes autonomous lane change, and is accurate and smooth. At the same time, it can also handle complex scenarios such as conical barrels, sharp bends, and accident vehicles on construction sections, so that users can rest assured. The mileage of the expressway is less than or equal to 500 kilometers under normal working conditions. Facing the ramp, can understand the road, the system can get the forward information according to the navigation, change to the target lane in advance, and pass the devil’s continuous curve stably. It calmly handles the ramp separation and confluence. The traffic success rate exceeds 98%, which is at an excellent level in the industry. Second, cruising in urban areas, traffic jams are not blocked. The minimum follow-up distance of DeepalAD is controlled at 2 meters, which can cope with more than 97% of the congestion conditions, and the smoothness and comfort are greatly improved. Omnidirectional automatic emergency braking, not only has the ability to identify dangerous scenarios such as low light in dark night tunnels, crossing intersections, and horizontal ghost probes, but also is equipped with 13 safety auxiliary features such as parking door warning and parallel assistance, which brings users all-round safety perception. Third, comfortable parking, how fast and easy to save. DeepalAD’s remote valet parking assistance system has realized 13 parking methods such as in-car parking, remote intelligent parking, traced reversing, and valet parking, covering more than 150 parking scenarios. The average parking time is less than 35 seconds. The success rate of parking space search exceeds 98%, and the parking completion rate exceeds 97%. Support narrow parking spaces. The narrowest adaptation is one side + 32cm of vehicle length or width. More than 97% of human drivers make novices become old drivers in seconds. DeepalOS, the deep blue intelligent operating system, has officially entered the 2.X era based on four upgrades: design upgrade, ecological upgrade, scene upgrade, and warm upgrade. The new UI, new application, smart navigation, DeepalGPT and many other functions are blessed, and the iterative content is free and full of fun. On the basis of super range extension,With the launch of the Deep Blue SL03i and S7i equipped with DeepalAD + DeepalOS, it will bring users a cool and enjoyable driving experience and start a new Deep Blue acceleration. Thanks for your attention.

　　Q: Fourth, what is the order and delivery status of Avita 12?

　　Answer: On November 10, 2023, the Avita brand day ADay was held in Shenzhen, and the future smart luxury car Avita 12 was simultaneously listed globally. As the second work of the industry-leading smart electric vehicle technology platform CHN, Avita 12 brings together the advantages of Changan Automobile, Huawei, and () in their respective fields. The products have three core advantages of top intelligence, top design, and top luxury space. Avita 12 is equipped with a Hongmeng cockpit developed based on HarmonyOS4, which can bring a silkier interactive experience. The whole system comes standard with a 15.6-inch Huawei smart central control screen, plus a 35.4-inch 4K integrated remote screen, which brings an immersive visual experience. Super desktop enjoys silky control, connecting smart end points such as mobile phones and Pads around users to form a more powerful smart travel super end point. Avita 12 car machine not only supports seamless information flow between mobile phones, smart screens, Pads and other devices, but also can directly make video calls with smart end point devices and other cars, and log in to the account to control the associated home devices. The car and machine support Hongmeng app store, massive applications can be downloaded at will, and third-party apps are supported, building a rich three-dimensional intelligent ecology for users and creating an emotional interaction space. In terms of smart driving, Avita 12 is equipped with Huawei’s high-end intelligent driving system HUAWEIADS 2.0, and the whole series is equipped with 3 hidden lidars as standard, which can realize long-distance detection over the length of a standard football field. The whole series covers a 4-layer perception system, which can not only identify tidal lanes and variable lanes, but also easily overcome traditional smart driving problems such as intersection U-turns and construction scenes. It can also build scenes from the body, match the navigation map with the real world, and get rid of the dependence on high-precision maps. In addition, it is equipped with 19 active safety functions as standard in the whole system, which not only supports AEB automatic emergency braking, but also supports GAEB special-shaped obstacle emergency braking, RAEB backward automatic emergency braking, LAEB low-speed automatic emergency braking and other functions, driving safer and driving more calmly. At the same time, Avita 12 also supports APA, RPA, AVP and other rich auxiliary parking functions, not only the parking space identification is "very accurate and stable", the parking space is parked "how fast", but also supports extremely narrow parking space remote control parking. In terms of design, the whole vehicle adopts the ultimate shape of full viewing angle,With an integrated body design and smooth muscle lines, it highlights the elegant sporty style, and pioneers the hatchback design without rear portholes. This is also the externalization of the wraparound induction cockpit, and the appearance of the whole car can be called the top of the industry. The wraparound induction cockpit of Avita 12 is committed to achieving the balance of technical advantages and design aesthetics. The front full-body double zero-gravity seats appeared for the first time on the car, and the rear row has a full stretch double one-meter presidential-level space. The legs can be fully extended, and the luxurious large space is comparable to the million-level comfort. The cumulative number of Avita 12 has exceeded 6,700 in 36 hours of listing, and the cumulative number of Dading has exceeded 11,128 in 72 hours of listing. Avita 12 has been on the market for 30 days, Dading has exceeded 20,000 units, and the average order price has reached 350,000 yuan. Channel construction is advancing rapidly, and the target of 350 channel touchpoint coverage is about to be completed. Since December 10th, national delivery has been launched one after another. Thanks for your attention.

　　Q: Fifth, what is the company’s sales target for next year?

　　Answer: The company’s 2024 goal has not yet been finalized, and it needs to be reviewed and approved by the company’s board of directors after the preparation is completed. Thanks for your attention;

　　The details of the participating institutions are as follows:

With the vigorous development of the new energy vehicle market, consumers’ demand for high-quality and intelligent models is increasingly strong. In this context, Wenjie Automobile, with its latest masterpiece – Wenjie New M7 Ultra, has achieved a leap in sales in a short period of time with its excellent product strength and market strategy, becoming a new force leader in the new energy vehicle market.

Dading breaks the 30,000, delivers super 10,000, and the market responds enthusiastically

Since the new listing at the end of May this year, the new M7 Ultra has quickly attracted the attention of a large number of consumers with its five extraordinary upgrades and the ultimate smart price ratio. In just 20 days, the number of the car has exceeded 30,000 units, which not only highlights the enthusiastic pursuit of the model by consumers, but also fully proves the strong strength of the car in the new energy vehicle market.

What is more remarkable is that the delivery volume of the new M7 Ultra exceeded 10,000 units after only 18 days of listing, setting a new record in the new energy vehicle market. This achievement not only proves the efficient capacity and strong supply chain management capabilities of the new energy vehicle market, but also further consolidates its leading position in the new energy vehicle market.

Five extraordinary upgrades, creating excellent quality

The reason why the new M7 Ultra can stand out in the market is inseparable from the blessing of its five extraordinary upgrades. First, in terms of appearance design, the new M7 Ultra follows the latest family-style front face design, exquisite small grille and new body color, giving the vehicle a stronger sense of technology and luxury. Secondly, in terms of interior design, the new M7 Ultra adopts Hongmeng intelligent cockpit design, bringing users a more intelligent and comfortable driving experience.

In terms of intelligent driving, the new M7 Ultra comes standard with the HUAWEI ADS 2.0 high-end intelligent driving system, which cooperates with the high-performance computing platform and Huawei’s self-developed anthropomorphic algorithm to achieve more comprehensive intelligent safety protection and easier intelligent driving experience. At the same time, the car has also been upgraded with the CDC continuous variable damping shock absorber, bringing a more luxurious driving texture.

Sales rank first, market competitiveness highlights

Under the strong promotion of the new M7 Ultra, the new M7 series models have achieved remarkable results in the market. As of June 16, the cumulative sales of the new M7 series reached 100,900 units, which not only ranked first in the sales list of new power models in the Chinese market in 2024, but also successfully surpassed the sales of the competing ideal L7 + L8 models. This achievement fully proves the strong appeal of the new M7 series models in the market and the high recognition of consumers.

Continuous innovation, leading the development trend of the industry

As a new force leader in the new energy vehicle market, Wenjie Automobile has always adhered to user requests as the center, continuously increased R & D and innovation efforts, and actively launched more high-quality and intelligent models. In the future, Wenjie Automobile will continue to uphold the core values of "innovation, quality, service", continuously improve product strength and service level, and bring users a better and more convenient travel experience.

At 10: 45 am on June 9, 2018, Beijing time, the China Star Unit Award Ceremony of the 44th Seattle International Film Festival was held in Seattle, USA. It was produced by Weishi Brothers (Hong Kong) Entertainment Group, directed by young director Hu Jian, and the film starring Zhao Bingrui, Yue Ye and Shen Shiyu won the best film in this unit.

The rise of emerging film forces has won many international awards to shine.

This time, Hu Jian was selected as the "China Star" unit of the Seattle International Film Festival with Betel Blood, and won the best film. Along with the finalists, female directors Yang Mingming’s, Wu Hao’s "The People’s Republic of Desire" and Xin Yukun’s. After some fierce competition, in the end, Betel Blood won the grand prize in deus ex. Previously, "Betel Blood" was shortlisted for the 67th Berlin Film Panorama Unit and the 41st Hong Kong International Film Festival, respectively. After the screening, it received a lot of praise such as "exceeding expectations" and "good surprise film", and its word-of-mouth was bursting, and it was praised by both inside and outside the industry. When the film was screened live in Seattle, many international filmmakers were amazed that the level of China’s new director was beyond imagination.

Talking about the award, Hu Jian, director of Betel Nut Blood, said, "I am grateful to the Seattle International Film Festival for giving China films a chance to be shown on the international stage. I hope more and more audiences can see more different types of China films. When filming this film, our producer, Mr. Sun Wei, gave me infinite trust and tolerance. I would like to thank him again, and thank those who are willing to support the young directors in China. I hope that more beautiful works will be dedicated to you in the future. " At the screening scene, producer Sun Wei also shared a lot of interesting things behind the scenes, and said that he would spare no effort to be the driving force behind the emerging film industry in China.

The production company of this film is Weishi Brothers (Hong Kong) Entertainment Group. As the chairman of Weishi Brothers Entertainment, Sun Wei has dug deep into the development of the film and television industry, and combined with the exploration experience in original content in recent years, the company has produced and produced such film and television works as Betel Nut Blood, and the film and TV series "Sending Children" which are being prepared for shooting recently have also attracted the attention of the industry. In Sun Wei’s view, the rise of a work, the content is the core, and works supported by substantive content can be regarded as excellent works and worthy of the audience.

As an emerging entrepreneurial film and television company, Weishi Brothers pays more attention to the content and quality of the project itself, and hopes to create high-quality works by working hand in hand with more young film talents.

The film reproduces the cruel story of youth and releases the sadness and helplessness under the hustle and bustle.

"Betel Blood" tells a cruel and ideal story of youth: a tropical seaside town and a surfing place. With the arrival of summer, three young people are involved in the whirlpool of feelings and desires. Qi Li, who works in the Aquarium, and Ren Yu, who is cheerful and handsome, have lived together in the town for many years, and the arrival of female college student Bailing has caused irreversible changes in their feelings. The three gradually forged a profound friendship, and the young passion reached its peak one night. However, the local hooligans disturbed them, and the tragedy was also difficult to reverse. The noisy beach and the shiny black back of surfers reflect the faces of youth. In this summer, nothing has changed and everything continues.

In the film, the stories of several young people originated from the accidental inspiration of director Hu Jian, generate. Because a social news triggered him to want to create a story about cruel youth, he quickly made clear the theme of the film after completing the first draft. "I don’t care what time and where she is, because no matter what time and place, such a story of three young people may happen. It’s like a closed space, where anything can happen. In that environment, people may be more natural and primitive. What I want is the kind that dares to love and hate. "