Alibaba discloses its Hong Kong prospectus: Tmall and Taobao account for more than 60% of revenue

  On the evening of November 13, Alibaba submitted a listing prospectus to the Hong Kong Stock Exchange. The prospectus shows that the funds raised by Alibaba’s IPO will be mainly used to drive user growth and increase participation, help enterprises achieve digital transformation, improve operational efficiency, and continue to innovate. It mentions specific businesses such as Ele.me, Flying Pig, Youku, and cloud computing technology.

  Industry experts point out that Alibaba’s return to the Hong Kong stock market not only allows it to develop its business through new fundraising, but also helps to enhance its influence in the Greater China region and promote the development of its business.

  Alibaba data map, photo by Zhongxin Jingwei

  Proceeds raised will be used in three ways, mentioning companies such as Ele.me and Youku

  Regarding the use of the proceeds raised, Alibaba said that the company plans to use the funds from the global sale to promote the execution of the strategy in three areas: driving user growth and increasing engagement, helping enterprises achieve digital transformation, improving operational efficiency, and continuous innovation.

  Among them, Alibaba specifically mentioned that the company will continue to expand and enhance life services through Ele.me and Flying Pig, and will continue to build digital media and entertainment services through Youku and other content platforms. In addition, cloud computing technology is also a key word that Alibaba has mentioned many times in its fundraising purposes.

  However, the specific issuance plan has not been disclosed in the prospectus this time. According to previous media reports, Alibaba Group plans to issue 500 million new ordinary shares through the global sale and list them on the main board of the Hong Kong Stock Exchange. The issuance includes 500 million ordinary shares and an overallotment share that can issue up to 75 million additional ordinary shares. It is expected to be priced as early as November 20, Hong Kong time. The company’s fundraising amount may be between 100-15 billion US dollars, and the price range is calculated at a 4% discount to the US stock price, around 180 US dollars per share.

  Ma Yun holds 6.1% of the shares, and the company implements a different rights structure for the same shares

  In addition, the prospectus also disclosed Alibaba’s shareholding structure, with SoftBank holding 25.8%, Ma Yun holding 6.1%, Cai Chongxin holding 2.0%, other directors and senior management holding 0.9%, and other public shareholders holding 65.2%.

  In addition, Alibaba also talked about the company’s partnership system in the prospectus. According to the prospectus, in July 2010, Alibaba officially established the Alibaba Partnership, which currently has 38 members.

  According to the disclosure, the members of the organization only have a single class of shares, and each share corresponds to one voting right, but according to the Articles of Association, Alibaba Partners has the exclusive right to nominate (or in limited cases, great men) a simple majority of the board members. These rights are classified under different voting rights structures under the Hong Kong Listing Rules, so Alibaba is considered a company with different share rights structures.

  In the second quarter, more than 60% of Alibaba’s revenue came from Tmall and Taobao.

  On the evening of November 13, the prospectus disclosed by Alibaba in Hong Kong stocks shows that in the fiscal year 2019 (April 1, 2018 – March 31, 2019), the company achieved a total revenue of 376.844 billion yuan and a net profit of 80.234 billion yuan. In addition, from April 1, 2019 to June 30, 2019, Alibaba achieved a total operating income of 114.924 billion yuan and a net profit of 19.122 billion yuan.

  In addition to disclosing financial data, Alibaba also showed its commercial version in the prospectus. At present, Alibaba’s main business includes core business, cloud computing, digital media and entertainment, and innovation business. Among them, core business is Alibaba’s main source of income. A total of 323.40 billion yuan in fiscal year 2019, accounting for 85.82% of total revenue.

  In the core business, China’s retail business, dominated by Taobao and Tmall, generates the highest revenue. According to the financial report, during the three months from April 1, 2019 to June 30, 2019, approximately 66% of Alibaba’s revenue came from China’s retail business.

  According to the prospectus, the core business can be divided into six specific business directions, namely China retail business (mainly Taobao and Tmall), cross-border and global retail business (Tmall overseas, Koala, AliExpress and South East Asia, Turkey, Pakistan and other countries and regions of the e-commerce platform), China wholesale business (1688.com and retail), cross-border and global wholesale business (alibaba.com), logistics service business (Cainiao network), life service business (Ele.me, word of mouth, flying pig).

  In addition to its core business, Alibaba’s business also includes cloud computing (Alibaba Cloud), digital media and entertainment (Youku, UC Browser, Alibaba Pictures), and innovation (Autonavi, DingTalk, Tmall Genie).

  Ali’s commercial version, the picture is taken from Alibaba’s prospectus

  It is worth noting that in the prospectus, Alibaba also stated that the company has held a total of 33% shares in Ant Financial since September 2019. In addition, since June 30, 2019, Alibaba has made or plans to make equity investments in a total of 24 companies, with a total amount of 38.529 billion yuan.

  Expert: Alibaba’s return to Hong Kong for listing will enhance the company’s influence

  Yang Delong, managing director and chief economist of Qianhai Open Source Fund, pointed out to China New York Matrix that Alibaba’s return to the Hong Kong stock market has three major benefits, one is to make up for the regret of not being able to list on the Hong Kong Stock Exchange in the past, and the other is to achieve new financing. Finally, because Alibaba’s main revenue and profits come from China, listing on the Hong Kong Stock Exchange is conducive to further expanding Ali’s influence in Greater China and promoting its business growth.

  In addition, for the possible impact of Alibaba’s listing on the market, Yang Delong believes that according to the current news, Alibaba’s listing on the Hong Kong Stock Exchange will raise 100-15 billion US dollars, which will become the largest fundraising in the history of the Hong Kong Stock Exchange. Therefore, in the short term, it may indeed bring pressure on the Hong Kong stock market to divert funds.

  "But we can’t just see the role of capital diversion brought by Alibaba’s Hong Kong stock listing. As a representative of the new economy, Alibaba provides new investment targets for Hong Kong stock investors, which helps to attract some investors to invest, thus stimulating the active level of the Hong Kong stock market. In addition, with Alibaba’s return to Hong Kong stocks, it will sooner or later be included in the targets of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, which also provides a new opportunity for mainland investors, and may also bring new incremental funds to the Hong Kong stock market." Yang Delong said. (China-Singapore Jingwei APP)

  (The views in this article are for reference only and do not constitute investment advice. Investment is risky, and caution is required when entering the market.)

Yang Mi Yuqian’s new film enters the May 1st gear, and the new poster is fully masked and half-covered.


1905 movie network news Directed by the suspense comedy film announced the official entry into the 2024 May 1st file, and released a new set of character posters in one breath, which raised the expectations of the film again. In the posters, the leading actors,,,, and all held a theatrical mask, which matched the hidden faces, making the characters full of mysterious appeal.

A few days ago, the film had its first screening at the 5th Hainan Island International Film Festival. After the screening, director Ding Sheng had a warm exchange with the audience, and the first batch of audiences also gave high praise, "Super cool, crazy" "There are echoes everywhere, and there is no idle pen" "Two faces per capita 800 hearts" "The actors’ performances are too show, and the acting sharks are crazy"… The excellent reputation of the film has come out, which has once again deepened the audience’s expectations for the film. "There is nothing that cannot be solved by a hot pot" will officially meet the audience during the May Day holiday in the spring, waiting to take off the mask and have a hot feast!

I still wear a mask and half cover my face, and everyone in the play has two faces


The movie "No Hot Pot Can’t Solve It" tells an absurd story full of suspense and joy: four people who don’t know each other divide the spoils in the backstage warehouse of the theater, and are accidentally involved in a murder case. A hot hot pot rolls with endless suspense, greed and deception lead to a series of reversals. Finally, the special identities of the four gradually emerge, and the mysterious truth is about to emerge… Director Ding Sheng once said that when creating characters, he hopes to make the audience feel the role effect of "great contrast between appearance and heart".

The poster of the new character version presents the state of each character’s own ghosts and different thoughts. The drama mask in the hands of the characters symbolizes "two faces" per person. The ruthlessness and danger in the eyes of the young chicken played by Yang Mi make people shudder, subverting the playful style of Dora’s head and round-rimmed glasses in the previously exposed materials in one fell swoop, which seems to suggest that the role of "white cut black" will be reversed in the film; Yu Qian’s nine cakes are squinting and domineering, and the boss of the small theater troupe is beginning to show the aura of the big brother of the rivers and lakes; Tian Yu’s director Fu is frowning and dignified, and seems to be planning a ghost idea; Yu Mailei’s rich expression seems to be bitter, and a slightly vicissitudes face is full of "people with stories"; Li Jiuxiao’s 70 thousand is sharp as a knife, and the lonely youth is ready to breathe. The colorful neon background and various theatrical masks complement each other, and the painting style is both trendy and takes into account traditional culture, making the audience full of expectations for this film.

The first screening was full of laughter, and director Ding Sheng implored the audience to "not spoiler"


A few days ago, the suspense comedy "There is nothing that cannot be solved by a hot pot" completed its first screening at the 5th Hainan Island International Film Festival. After the screening, director Ding Sheng also came to the scene and had a lively exchange with the audience who watched the first wave of the movie. Talking about the original intention of this suspense comedy, director Ding Sheng said that it is a purely original work. "There is no reference to any film, and there is no bridge that can be imitated. I just want to challenge how far we can make up the original story." The director also admitted that the creative process requires "filling all the holes dug" and "very brain cells", but such challenges are also full of "novelty and fun", and ultimately "very fruitful".

The thick and colorful pictures were "very cool", and the spicy and boiling story was "very crazy". The audience at the scene expressed that they were impressed by the strong narrative tension and humorous plot of the movie. Some audience members thought that the movie had a good rhythm and exquisite story arrangement, "super-dense details, super-concentrated laughs"; some audience members admitted that they did not expect the story to develop like this, "There is a feeling of willows and flowers when the mountains and rivers are exhausted" "There are so many details that they explode, and they want to brush it again"; some audience members said that the combination of Chinese cultural elements such as hot pot and Sichuan opera in the movie with the plot of the movie is just right, and they "deeply feel the profound impact of traditional culture on Chinese values and outlook on life"… In the face of the enthusiastic feedback from the audience, director Ding Sheng also expressed that he is very pleased that the audience can like it, and hopes that the movie can make the audience like See your "delicate side".

In addition, the actors’ wonderful performances also won full applause. The five characters in the movie have very different personalities, but together they are interesting, "a feast for the group play, very enjoyable" "combined with the plot reversal to show the multiple aspects of human nature". And Yang Mi’s role as a chicken, the super reversal in the film also amazed the audience and became one of the biggest highlights of the film. Ding Sheng also called on the audience not to spoiler and leave more surprises in the cinema.


The suspense comedy "There is nothing that cannot be solved by a hot pot" is directed by Ding Sheng, starring Yang Mi, Yu Qian, Tian Yu, Yu Mailei and Li Jiuxiao. The film officially announced its entry into the May 1st file in 2024!


Jackie Chan attends the opening ceremony of "China Story", tears for the opening ceremony


Jackie Chan (center) and Yu Dan (right) attend the opening ceremony of "China Story" on August 9. Photo by Cao Ji



Lei Yulan (right), Vice Governor of Guangdong Province, unveils the "Guangdong Hut". Photo by Cao Jili


    At the opening ceremony of the 2008 Olympic Games in Beijing, China presented a beautiful freehand painting of Chinese civilization to the world. Just a few hours after the emotion and passion had not yet cooled, another wonderful Chinese legend kicked off in the public area of the Olympic Park. A large-scale cultural exhibition called "China Story" was officially opened in the public area of the Olympic Park on the morning of August 9. Leaders and representatives of the Beijing Olympic Organizing Committee and 30 provinces, autonomous regions and municipalities across the country, as well as stars such as Jackie Chan, Zhou Huajian, Mok Wen Wei, Yu Dan, sociologists and 30 representatives of folk artists appeared on the same stage to tell Chinese stories.


  Jackie Chan burst into tears at the opening ceremony


  At 10 am, the Chinese story and culture exhibition area in the public area of the Olympic Park unfolded a huge scroll with seals engraved with the names of 30 provinces, regions and cities, which dyed the beautiful and quiet public areas in the past with a cultural atmosphere. During the Beijing Olympic and Paralympic Games, more than 30 "auspicious cloud huts" will display China’s national cultural heritage and the vibrant ethnic and folk cultures of various regions through live handicraft performances and audience participation and interaction. Stars and folk artists such as Jackie Chan and Yu Dan became the biggest highlights of the opening ceremony.


  Jackie Chan and Yu Dan, who have made Hollywood famous for Chinese kung fu and become the pride of all Chinese people, and who have become famous promoters of the revival of Sinology in the new century by promoting traditional culture, when the two heavyweight guests gathered at the opening ceremony to talk about "China’s story in the eyes of the world", they collided with a lot of ideological sparks. "We should build a small courtyard and put some things on it so that people around the world can see our Chinese culture." Jackie Chan said that he was present at the opening ceremony the night before, and he cried when the torch was lit. "This is not the first time I have cried for the Beijing Olympics. As a Chinese, the Olympic Games are held in my own country, and on such an occasion, no one can suppress the excitement. The Chinese are good, and the opening ceremony is a perfect start." Like Jackie Chan, Yu Dan, a scholar, said the opening ceremony would give the world a better understanding of Chinese culture. "I hope that Chinese culture can use the platform of the Olympic Games to go to the world and let the world see the real wonders of China."


  Zhou Huajian and his mixed-race son sing on stage


  "Everyone is equally useful. Volunteer, invariably. Forget yourself, and be open-minded. I am a star, embellishing the sky…" As a special pair of volunteers at the opening ceremony, Zhou Huajian and his son took the stage to sing the volunteer theme song "I am a star". Referring to his mixed-race son Zhou Houan, Zhou Huajian was very proud. "We are both volunteers for the Olympic Games. Before the opening of the Olympic Games, he had already reported to his assigned area – ‘China Story’. I heard from the staff that he was very diligent. He helped my brother and sister who were filming documentaries carry the machines every day and went out on location, which made my father a lot of light." Joining Zhou Huajian and others at the Olympic Park to help promote Chinese culture during the Olympic Games, Mok Wenwei and Sun Nan also sang passionately on stage, kicking off the "China Story".


  According to reports, in the more than 30 auspicious cloud huts in the Chinese Story Exhibition Area of the Olympic Public Area, the best national intangible cultural heritage retained by various provinces, regions and cities will be highlighted in a space of 60 to 80 square meters. Jiangsu brocade worth tens of millions, wonderful and moving Kunqu Opera performances, interesting Shaanxi shadow puppets, hidden entrances in Chongqing face-changing, colorful and fragrant sugar paintings… The "Chinese Story" cultural exhibition activities use novel and diverse forms of display such as pictures, real objects, multimedia audio-visual arts, combined with live handicraft performances and audience participation and interaction, to vividly tell friends from all over the world about the beauty of Chinese culture.


  Related Links: Guangdong Cottage


  Among the more than 30 auspicious cloud huts in the "Chinese Story" exhibition area, the Guangdong hut of "Yueyun Chaofeng" is quite eye-catching. In the hut, audiences from all over the world can enjoy exquisite gold wood carvings, tide embroidery, wide embroidery, wide color, ceramics, Duan inkstone and other art treasures, and experience the long-standing Lingnan culture. That morning, Vice Governor Lei Yulan attended the opening ceremony of China Story, unveiling the "Guangdong hut".


  Among the exhibits, it was revealed, was a giant gold wood carving from Chaozhou, the "treasure of the town house" of "Guangdong Hut" – about 1.8 meters high and more than 2 meters wide, with the theme of the "Bird’s Nest" in the National Stadium, showing the moving scene of birds coming and dancing around the "Bird’s Nest".

Editor in charge: Li Dan

Audi unveiled at the 2023 Guangzhou Auto Show, firmly promoting the electrification process in China.

  On November 17th, 2023 Guangzhou Auto Show was grandly opened. Audi joined hands with two major partners, China FAW and SAIC, to bring 21 heavy-duty models, showing its firm commitment to the China market and consumers in China. Among them, the Audi Q6 e-tron prototype, the next generation of high-end intelligent networked electric vehicle products, was unveiled at this auto show, highlighting Audi’s accelerated electrification transformation and moving towards the high-end travel leader of intelligent interconnection.

Audi unveiled at the 2023 Guangzhou Auto Show, firmly promoting the electrification process in China _fororder_image001

  "We are very happy to participate in the Guangzhou Auto Show with two major partners again, which is an important stage to show Audi’s successful development in China and reshape its vision of high-end travel in the future." Dr. Jürgen Unser, President of Audi China, said, "We revealed the interior of the Audi Q6 e-tron prototype to the audience in China for the first time at the Guangzhou Auto Show, which fully demonstrated the important position of the China market in the process of Audi electrification."

Audi unveiled at the 2023 Guangzhou Auto Show, firmly promoting the electrification process in China _fororder_image002

  The next key milestone of Audi’s electrification transformation in China is the first production model Audi Q6 e-tron based on PPE luxury pure electric platform and brand-new electronic architecture, which will be the leader of Audi’s new generation of high-end intelligent networked electric vehicle products. The new model adopts an innovative design paradigm from the inside out, and the interior space is designed around the needs of users, integrating digital technology, perceptual aesthetics and sustainable concept. In the future, the localized mass-produced Audi Q6 e-tron will also be equipped with innovative configurations developed for the China market.

Audi unveiled at Guangzhou Auto Show in 2023, and firmly promoted the electrification process in China _fororder_image003

  Audi FAW New Energy Automobile Co., Ltd., which is responsible for producing models based on PPE platform, is not only Audi’s first pure electric vehicle production base in China, but also one of Audi’s most advanced production bases in the world. It will set an industry benchmark in digitalization and sustainability, and play an important role in promoting Audi’s electrification strategic layout in China and even the world. At present, the project is progressing steadily in Changchun. It is estimated that the base construction and equipment installation will be completed by the end of 2023, and it will be officially put into production by the end of 2024. Audi’s investment in this project is about 2.6 billion euros.

Audi unveiled at Guangzhou Auto Show in 2023, and firmly promoted the electrification process in China _fororder_image004

  In addition, Audi has accumulated a long brand history, constantly deducing and innovating with classics, and inheriting Audi’s innovative DNA. At this Guangzhou Auto Show, Audi and SAIC unveiled the special edition of Audi Q6 RS for the first time, and together with Giovane Elber, a former Bayern star, showed the special painted edition of Audi Q5 e-tron "Bayern Munich", which once again strengthened the sports genes of Sihuan brand. Driven by the enterprising spirit, Audi will continue to work closely with SAIC to build more high-end intelligent networking products in China and China to meet the needs of more customer groups and market segments.

Audi unveiled at the 2023 Guangzhou Auto Show, firmly promoting the electrification process in China _fororder_image005

  The appearance of the special painted version of Audi Q5 e-tron "Bayern Munich" at the auto show also confirmed Audi’s close attention and strong support for regional, national and international sports events in the past decades. In 2002, Audi announced a strategic cooperation with Bayern Munich Football Club, and now the two sides are promoting the continuous upgrading of cooperation in the fields of innovation and electrification. In 2022, in order to celebrate the 20th anniversary of the cooperation between the two parties, Audi delivered the Audi e-tron Sportback 55 quattro, a pure electric vehicle, to Bayern as its official vehicle in China, marking another important milestone in the strategic cooperation between the two parties.

  With the continuous deepening of the dual partner strategy, Audi is further strengthening its leading position in the luxury car market in China. Katy Tsang, executive vice president of sales and marketing of Audi in China, said: "By continuously expanding cooperation with two local partners, Audi is committed to providing China users with a full range of high-end customer journeys, covering three dimensions: high-end products, high-end ecosystems and high-end customer experience."

Audi unveiled at Guangzhou Auto Show in 2023, and firmly promoted the electrification process in China _fororder_image006

  In terms of products, Audi is working with China FAW and SAIC to create a new generation of high-end intelligent networked vehicles for China consumers, so as to fully meet diversified local needs. The new model will be equipped with innovative functions such as digital interaction exclusive to China market. At the same time, Audi is integrating its pure electric vehicles into the digital ecosystem, which has 5.6 million users as of September this year. Audi brand’s exclusive high-power charging station is the key component of this high-end ecosystem. Through the Audi multimedia interactive system MMI and Audi App, all Audi pure electric vehicle owners can enjoy the super-fast and seamless continuous energy experience at the Audi charging station and appreciate the charm of electric travel. As of October this year, Audi charging station has covered 26 cities in China, including Beijing, Shanghai, Guangzhou and Shenzhen, and plans to deploy about 600 ultra-fast charging piles during the year.

  Throughout the high-end customer journey, Audi is also working with two partners to create innovative customer contacts and sales models, which will jointly bring a refreshing brand experience to China consumers. In terms of FAW Audi, by September this year, 472 4S dealer stores had been upgraded by applying the latest design language of Audi global brands, and eight new Audi CBD exhibition halls had been opened. SAIC-Audi has opened a total of 150 Audi city stores and Audi City in 78 cities across the country, attracting younger users.

  Adhering to the firm commitment to the China market and clear vision of future development, Audi is actively promoting the electrification process and reshaping the high-end travel future of "in China, for China". To this end, Audi will continue to create a win-win situation with local partners, constantly bring surprises to customers in China, and empower the high-quality development of China’s automobile industry. (Photo: provided by Audi)

Hu Ge responded to the rumors of clearing customs with Yang Mi that year: the story covered up the truth

??1905 movie network news On October 25, some netizens found that Yang Mi had re-focused on Hu Ge on Weibo, and Yang Mi publicly responded to the matter, saying that Hu Ge made him pay attention. On the evening of the 25th, Hu Ge also issued a response to the matter, saying that it is normal for friends to have contact.

??Hu Ge and Yang Mi were rumored to have fallen in love in the past due to their collaboration on "Xianjian 3", but neither of the parties admitted it. When Yang Mi got married, Hu Ge wrote a meaningful text, and then Yang Mi cancelled his attention to Hu Ge, and the two never met again. On October 25, some netizens said on Weibo that Yang Mi had re-focused on Hu Ge. That evening, Yang Mi responded to the matter when he attended the press conference: "He asked me to pay attention." He also said that the two had been in touch all the time. "All kinds of demonization of our relationship on the Internet. I invited him to our premiere in Beijing, and he said he couldn’t take leave. I said, can you send us a Weibo? He said you follow me first."

??On the evening of October 25, Hu Ge posted on Weibo: "Actually, it’s normal for friends to have contact. We’ve known each other for so long, and we’ve long been used to making jokes about each other. I didn’t expect this joke to stir up thousands of waves. Things are far less complicated than everyone thought. It’s just a simple person, pure friendship. It’s just that there are too many versions of the story, which completely covers up the truth!"

Changde cigarette factory: the publicity of law popularization has achieved remarkable results, and the awareness of the rule of law is deeply rooted in the hearts of the people.

In the wave of building a society ruled by law, Changde Cigarette Factory has always integrated the concept of rule by law into the blood of enterprise development and actively fulfilled its social responsibilities. On the one hand, centralized law popularization education is combined with daily law popularization. Make use of important time nodes, anniversaries and other events to carry out centralized publicity activities, pay attention to the subtle infiltration of daily publicity and education, and enable employees to learn and understand the law in a strong legal and cultural atmosphere. On the other hand, combine the publicity and education of the rule of law with the practice of the rule of law. Invite legal professionals to popularize the law, organize relevant professional legal knowledge training and education in a targeted manner, improve the rule of law literacy and management ability according to law, and make the rule of law publicity and education more widely rooted in daily work practice.

The picture shows the factory carrying out the "315" theme publicity activities.

On the 315th day of Consumer Rights Day, Changde Cigarette Factory set up a publicity point in Dahe Street, Changde, and set up an eye-catching consultation desk with eye-catching publicity banners, and the staff distributed exquisite brochures to the past citizens.

"Do you know how to distinguish between genuine and fake cigarettes?" A staff member smiled and asked Mr. Zhang a question.

"Well, I really don’t know." Mr. Zhang scratched his head and looked a little confused.

"Never mind, I’ll teach you." The staff picked up a box of cigarettes from the publicity platform and began to explain patiently. She introduced the dangers of fake and shoddy cigarettes and the skills of distinguishing and preventing fakes to Mr. Zhang in plain language through the on-site physical display and the sharing of real cases. Mr. Zhang listened with relish and nodded his approval from time to time.

On the National Safety Education Day, national safety education propaganda slogans and short films were circulated on the electronic screen of the factory, which attracted many employees to stop and watch. These short films convey the importance of national security to employees with vivid pictures and simple language, and make them deeply realize that maintaining national security is the responsibility and obligation of every citizen.

The key to the promotion of popularization of law lies in "people". In order to realize the transformation of popularization of law from "flood irrigation" to "precise drip irrigation", legal consultants were invited to participate in popularization of law. Professional lawyers respectively explained the background, significance, legal interpretation and legal application of new provisions of the Civil Code according to the business characteristics and compliance requirements of the factory. Focusing on the common contract-related legal risk points and countermeasures of state-owned enterprises, this paper expounds the methods and ways of risk control when enterprises carry out business, and explains in detail the legal risk points that should be paid attention to before, during and during the contract signing. It is highly targeted to improve the company’s ability and level of using the civil code to safeguard the rights and interests of state-owned assets, the interests of employees and resolve contradictions and disputes.

In the future, Changde Cigarette Factory will continue to strengthen the publicity of law popularization, constantly innovate the form and content of law popularization, and let the concept of rule of law take root in people’s hearts. (Text/Figure Changde Cigarette Factory Liu Kechi)

[Editor: Cai Donghai]

Rediscover the appearance of the Milky Way

Guo Shoujing Telescope in the Milky Way Galaxy. Photo by Chen Ying

Schematic diagram of the increase in the area of the silver plate. Courtesy of the National Astronomical Observatory
  On August 7, the National Astronomical Observatory of the Chinese Academy of Sciences announced that the National Major Science and Technology Infrastructure Guo Shoujing Telescope (LAMOST), which is managed and operated by it, has successfully completed the first phase of spectral sky survey observation. The first phase of the survey released a total of spectral 9.01 million, including high-mass spectra (signal to noise ratio greater than 10) 7.77 million to determine the spectral parameters of 5.34 million groups of stars.
  The number of spectra published by LAMOST is 1.8 times the sum of the spectra published by other sky survey projects in the world. The dataset (DR5) was released to domestic astronomers and international collaborators on December 31, 2017. In addition, since the first survey, 345 SCI papers have been published using LAMOST data and have been cited more than 3,000 times.
  The boundaries of the galaxy have been greatly expanded, and the radius may reach about 100,000 light years
  In the past few decades, astronomers have generally believed that the radius of the Milky Way is about 50,000 light-years. There is a rod-like structure near its center, with a disk-like structure outside (the Milky Way disk), surrounded by sparse stars (the Milky Way halo), and the sun is about 25,000 light-years away from the center of the Milky Way.
  Previously, it was thought that the Milky Way disk had a clear boundary about 50,000 light-years from the center of the galaxy, at which the number of stars in the Milky Way disk plummeted, as if the Milky Way disk were cut off. But in recent years, some observations have found young stars belonging to the Milky Way disk beyond this boundary, which seems to suggest that the boundary of the Milky Way disk should be larger. However, to confirm this, more and more distant stars need to be counted.
  At the end of 2017, researchers at the National Astronomical Observatory used LAMOST data to accurately count the number of stars in the outer reaches of the Milky Way galaxy by applying complex statistical methods, and successfully drew a cross-sectional map of the spatial structure of the outer reaches of the Milky Way disk.
  Liu Chao, a researcher at the National Astronomical Observatory, said: "We can see from the figure that although the number of stars in the galactic disk decreases with the radius of the galactic disk, it does not stop at 50,000 light-years, but extends all the way to 62,000 light-year from the center. This is about a quarter larger than the radius quoted in textbooks."
  In 2018, an international research team composed of researchers from the Canary Institute of Astrophysics in Spain and the National Astronomical Observatory of China further used the massive stellar spectra obtained from the LAMOST data and other related data to rewrite the size of the Milky Way disk again, and found that the disk-like structure containing most of the stars in the Milky Way may be much larger than astronomers previously thought, and the radius may reach about 100,000 light years.
  "This study provides a new understanding of the star composition of the Milky Way disk and a more accurate measurement of the size of the galaxy," said Mr. Liu. "The constant rewriting of the size of the galaxy will prompt astronomers to re-examine the general laws of galaxy formation and cosmic evolution."
  In addition, the researchers recalculated accurately based on the LAMOST data, rewriting the structural characteristics of the Milky Way halo and establishing a new structure of the inner flat and outer circle. Liu Chao said: "This clear evidence overturns the previous speculation that the stellar halo is a flat sphere with a constant axis ratio, and helps humans re-understand the formation history and evolution of the Milky Way stellar halo."
  Measuring the orbital eccentricity and inclination of nearly 700 exoplanets for the first time, the solar system is not an exception in the universe
  In this survey, researchers used LAMOST to measure the orbital eccentricity and inclination of nearly 700 exoplanets for the first time, and found that about 80% of the planetary orbits resemble the nearly circular orbits of the solar system.
  Zhao Gang, a researcher at the National Astronomical Observatory, said: "This shows that the solar system is not a special case in the universe, but a representative one. To some extent, it enhances our confidence in finding another earth and extraterrestrial life."
  Quasars are distant celestial bodies outside the Milky Way. Their energy comes from the huge attractive force released by the accretion of surrounding matter by the supermassive black hole at their center. They are important probes for studying the distant universe.
  "More than 12,000 quasars have been found in the LAMOST spectrum, with an average redshift of 1.5 and a maximum redshift of 5," said Zhao Yongheng, a researcher at the National Astronomical Observatory. "In addition, the mass of the central black hole has been estimated based on these data. The discovery of these quasars will provide important help for the statistical study of large samples of quasars."
  The sample of nearby host galaxies is a classic in the Large Scale Galaxy Spectroscopic Survey (LAMOST), which began in the 21st century. However, due to the effect of fiber collisions, the sample has a high degree of incompleteness on a small scale. These missing galaxies are observed as supplementary galaxy samples in the LAMOST survey.
  Zhao Yongheng said: "Due to the wide range of the survey, the spectral measurements of nearly 10,000 supplementary galaxies were obtained in the first survey, and nearly 10,000 new pairs of close galaxies were confirmed. These close galaxies have important scientific value for studying the merger process of galaxies."
  The researchers also used the LAMOST data to discover a new class of extrasolar planets – hot starfish, which share several hallmarks with hot Jupiters, providing key clues and new research directions for uncovering the origin of hot Jupiters and other short-period planets.
  Dark matter accounts for more than 90% of the total mass of galaxies, but most of the distribution is very scattered, and the proportion of dark matter at the location of the sun is very low. This brings great difficulties to human direct detection of dark matter.
  "We used the LAMOST data to re-estimate the density of dark matter near the sun, which is of great significance for finding dark matter particles and understanding the distribution of dark matter in the galaxy," Zhao Yongheng said.
  In addition, using LAMOST data, researchers have also accurately estimated the age of millions of stars, increasing the number of star samples with accurate age by 1,000 times, providing basic data for the study of the evolution of the Milky Way; at the same time, measuring the magnetic activity index of nearly 6,000 sun-like stars, found that the sun has a level of magnetic activity comparable to that of super flare stars, confirming that the sun has the possibility of a super flare.
  The discovery of a star with a lithium content about 3,000 times that of similar celestial bodies has doubled the international observation limit for lithium content
  Old metal-poor stars, like cosmic "fossils," record the first history of the chemical evolution of the universe, and their analysis can enable "stellar archaeology" of the first generation of stars and the nature of the early universe.
  Zhao Gang said: "We have found more than 10,000 metal-poor stars in the LAMOST spectrum with a metal content lower than one percent or even one ten thousandth of the sun, building the largest cosmic fossil sample in the world that is suitable for tracking and observation by existing large telescopes."
  At the same time, the researchers also discovered a group of extremely rare small-mass metal-poor stars with lithium abundance exceeding the normal value by hundreds of times. Among them, one star has a lithium content about 3,000 times that of similar celestial bodies, which is the star with the highest lithium abundance known to mankind. The major discovery was published online in the international scientific journal Nature Astronomy on August 7 in the early morning of Beijing time.
  Lithium is the key element connecting the Big Bang, interstellar matter and stars. Its evolution in the universe and stars has always been an important research object in the field of astronomy. However, the understanding of lithium in contemporary astronomy is still very limited. Giant stars rich in lithium are very rare, but they are of great significance in revealing the origin and evolution of lithium. Unfortunately, astronomers have only discovered a very small number of such celestial bodies in the past 30 years.
  "This newly discovered lithium-rich star is located in the direction of Ophiuchus near the center of the Milky Way, about 4,500 light-years north of the Milky Way disk. After further study, we found that the lithium element of this star is likely to come from a special material exchange process inside the star." Dr. Yan Hongliang of the National Astronomical Observatory said. "This discovery changes human understanding of lithium in celestial bodies and doubles the limit of international observation of lithium content."
  In addition, in the nearly 10 million spectra of LAMOST, researchers have found five hypervelocity stars in a haystack, and there are currently only more than 20 hypervelocity stars in the world.
  Zhao Gang said: "They provide an important sample for further study of the formation mechanism of stars that are very fast and can eventually break free from the attractive forces of the Milky Way and’escape ‘the Milky Way."
  (Originally published in People’s Daily 2018-08-08 12th edition)

Talking about digital empowerment and practicing digital transformation technology, Huawei Cloud and Dongchangfu District enterprises release digital productivity.

In order to thoroughly implement the measures taken by the provincial party committee and the provincial government to promote the chain length system, further accelerate the digital transformation process of enterprises in Dongchangfu District, and promote industrial development to improve quality and efficiency, Dongchangfu District Bureau of Industry and Information Technology and Huawei (Liaocheng) Digital Industry Innovation Center launched a series of activities, namely "Yunling Dongchang, Talking about Digital Empowerment and Practicing Digital Transformation Technology Salon". The series of activities of the Technology Salon aims to combine the advantages of Huawei’s cloud technology with the advantages of local industries, and strengthen enterprise exchanges in the region in various directions such as industrial Internet applications, digital factory scenarios, artificial intelligence, and network security.

On May 30th, the first special salon with the theme of "Digital Factory Empowerment Salon and Strong Chain Matchmaking Meeting of Industrial Chain" was held as scheduled.

Releasing digital productivity, Huawei Cloud enables manufacturing to upgrade "intelligence"

As the world’s leading provider of ICT infrastructure and intelligent terminals, Huawei provides practical and effective digital transformation solutions for enterprises in Dongchangfu District. In this activity, Huawei invited business representatives to visit Huawei (Liaocheng) Digital Industry Innovation Center to learn about the digital achievements of Huawei Cloud Empowering local enterprises, so that business representatives can further feel the advantages of digital transformation in the current competitive environment.

In order to further deepen enterprises’ understanding of digital transformation, Wei Ning, director of industrial Internet products of Huawei Cloud IoT, published the theme sharing of "Digital Factory Construction, Helping Enterprises Speed up Digital Intelligence" at the event. This sharing focuses on how the manufacturing industry is deeply integrated with the ICT industry, and deeply explores the pain points of digital transformation of enterprises. Focusing on achieving efficient collaboration between upstream and downstream supply chains, optimizing production processes, improving product quality, and then reducing raw material procurement and product listing cycle to seize market opportunities, Huawei Cloud has demonstrated many advantages in empowering enterprises in digital transformation. At the same time, Wei Ning also gave a detailed introduction to the capabilities provided by Huawei Cloud FusionPlant industrial Internet platform, which provided more reference for the digital transformation of enterprises present.

Wei Ning, Director of Huawei Cloud IoT Industrial Internet Products

Focus on multiple production scenarios in a refined way, and promote the value transformation of digital intelligence together.

With the continuous development of technical capabilities, the deep integration of digitalization and industry has become the general trend. Facing the actual demand of manufacturing industry for digital upgrading, the penetration of digital capability into all aspects of industrial production has become the only way to boost the innovation and development of manufacturing industry.

Liu Tongshun, a researcher at the National Intelligent Manufacturing Engineering Laboratory and a senior consultant of CAXA, delivered a keynote speech entitled "PLM Enabling Design Through Intelligent Manufacturing" based on the full link efficiency of digital capabilities in the production process. It not only analyzed the full-link advantages of PLM application in intelligent manufacturing for the guests, but also shared the successful cases of PLM application in digital transformation, so that more enterprise representatives could understand the advantages of digital capabilities in enterprise production and management.

Liu Tongshun, Senior Consultant of CAXA

Liu Dong, senior executive consultant of Shandong Wan Teng Electronic Technology Co., Ltd., shared the theme of "Intelligent Manufacturing Promotes Digital Transformation of Enterprises" and gave many suggestions on how to refine the granularity of enterprise manufacturing operation management, strengthen performance management and improve enterprise operation efficiency through intelligent management system architecture.

Liu Dong, Senior Executive Consultant of Shandong Wan Teng Electronic Technology Co., Ltd.

Yue Yongshuai, Shandong Regional Director of Shenzhen Smart Internet of Things Co., Ltd., introduced MixIOT, an underlying system of Internet of Things independently developed by Smart Internet of Things, through The Value and Application of Internet of Things in Industry. And share the safety management and control, quality improvement and cost reduction of multi-service scenarios such as air compressor station, boiler and electric power based on MixIOT platform.

Yue Yongshuai, Shandong Regional Director of Shenzhen Zhiwulian Network Co., Ltd.

Business representatives from Shandong Tiangong Geotechnical Engineering Equipment Co., Ltd. made wonderful sharing on embracing digital productivity, and conducted in-depth discussions on the changes in the industry structure caused by digital transformation.

Hou Dianbo, Enterprise Representative of Shandong Tiangong Geotechnical Engineering Equipment Co., Ltd.

In the salon activities where industry experts and business representatives talked about the road of digital development, the digital transformation goals of related enterprises in Dongchangfu District gradually became clear, and the urgent need for digital transformation was quickly responded. Since then, Huawei Cloud will attract more high-quality partners in the industry, jointly promote the digitalization, networking and intelligent construction of enterprises, and explore a broader digital economic space for more enterprises in urgent need of transformation.

The Wang Baoqiang incident was filmed as a "cyber-entertainment" and there was no bottom line until death!

    Special feature of 1905 film network The constantly fermenting divorce in Wang Baoqiang is the first headline in the entertainment circle in 2016. It not only occupied the social media in China, but also "ended" the Rio Olympic Games in advance and even went to the BBC’s official website homepage — — According to BBC statistics, the topic of Wang Baoqiang’s divorce has been viewed more than five billion times. At present, the whole people are paying attention to the progress of Wang Baoqiang’s divorce, waiting for the day when the truth comes out.

Wang Baoqiang is very haggard recently.

Arrogant sprinkling salt 娱乐至死


    But at this time, there are always people who want to make some money by taking advantage of the heat of this incident.

    Just today, a group of movie scripts and boot photos called "Baby Don’t Cry" were exposed.There is not only the scene of rape in the script, but also the content of property distribution by lawyers, and even the names of several parties have not changed!

    The move was met with indignation.Actor Gan Wei.Rage and boycott, and called on the whole network to boycott together. After all, this is Wang Baoqiang’s family affair, and it is really unconscionable and reprehensible to use it as a means of making profits regardless of the consequences.

 

Screenshot of Nandu Weibo

Screenshot of Gan Wei Weibo

 

    Since Gan Wei,Letv videoAfter Weibo boycotted,YoukuIt also means that the film will not be played and the film will be banned.

    A Mei once sang a lyric written by Taiwan Province lyricist Wu Yukang: Don’t let yesterday sprinkle salt on your wound — — Today, when everyone knows that you are injured, but someone has to put salt on your wound? Even before sprinkling salt, we should write a first draft of the salt sprinkling script, hold a "opening ceremony", and then call everyone to come and watch his "achievements" of sprinkling salt.

    I can only send him this kind of person ↓

Follow the trend and get addicted to the cottage.

    As the saying goes, even pigs can fly when standing on the tuyere. In recent years, some low-cost, short-term production and low-threshold online movies have become synonymous with "shanzhai" in addition to following the news hotspots.

 

    Take Wang Baoqiang’s works as an example. The cinema film "Taoist Down the Mountain" starring him and directed by Chen Kaige invested 200 million yuan and took 9 months to shoot. However, an online movie called "The Taoist Out of the Mountain" only took 280,000 yuan to write a script for a week, plus 10 days of preparation, 10 days of shooting and 10 to 12 days of post-production. It took only over a month before and after filming, and the cost was recovered in two days after it was launched. The whole network earned more than 3 million yuan, and the return on investment was nearly ten times. This is probably a million profits that traditional cinema films can’t imagine.

Wang Baoqiang starred in "Taoist Down the Mountain"


The online movie "Taoist Mountain" is shoddy.

 

    On August 12th, the online video broadcast "Smiling Weird" was just like the popularity of "Love O2O" which was shown in the cinema on the same day. With pervert, murder, pleasure, orgasm and nudity as propaganda words, it tried every means to attract the audience’s attention.

"It’s weird to smile" rubs the heat of "Love O2O"

 

    Such as Descendants of the Moon, Goodbye Mermaid, Aussie, Return of the Pen Fairy, Pan Jinlian is me, She is Pan Jinlian, I am Pan Jinlian … … With the title of the film, the following, ambiguity, misunderstanding and clinging of Chinese characters are exhausted, which simply rubs the last trace of heat.

The online movie "She is Pan Jinlian" and Xiaogang Feng’s work "I am not Pan Jinlian" both involve Pan Jinlian.

 

    Fortunately, by this year, it has been difficult to replicate the miracle of "empty gloves and white wolves" by referring to online movies made with "low cost and short cycle". Many "players" who want to make quick money by gimmicks, scales and shanzhai have gradually lost their foothold in the market. This is undoubtedly something to be thankful for.

National carnival moral feast

    Since Wang Baoqiang’s divorce, the major online media have become entertainment venues for gossiping for a while. You have been chasing after me all night to squeeze all relevant "r evelations", "insider" and "truth" into all visible places, just like a group of chefs who can’t find ingredients suddenly find fresh ingredients that are at their fingertips, and they all turn the "fire" to the most prosperous and set up a "table" for morality. As for the prizes of this entertainment Olympic Games, they are clicks, comments and reposts that are directly linked to the money gains.

 

    诚然,就地取材烧火做菜是大厨的工作,正如跟踪报道娱乐八卦是记者的工作一样,无可厚非。但当酒席将散时,有个人突然站起身来,拿起碗里自己“吃剩”的“骨头”举到面前大声说,“我用这玩意给大家再蒸个排骨尝尝啊”时,估计只能倒人胃口。

    毕竟,娱乐圈的事,就一定要娱乐至死吗?家里的事,就一定要跟风到家吗?

    “低俗不是通俗,欲望不代表希望,单纯感官娱乐不等於精神快乐”;“有的是非不分、善恶不辨、以丑为美,过度渲染社会阴暗面;有的搜奇猎艳、一味媚俗、低级趣味,把作品当作追逐利益的‘摇钱树’,当作感官刺激的‘摇头丸’;有的胡编乱写、粗制滥造、牵强附会,制造了一些文化‘垃圾’”;“文艺不能当市场的奴隶,不要沾满了铜臭气。”

 

    上面者段话是习大大在文艺座谈会上的发言,值得每个人读一读,每一个文艺工作者学一学。

Hot Spots of the Week | BYD’s "Yunnian" official announcement, Evergrande Motor announced the risk of production suspension.

[EV Vision Report] There have been many remarkable events in the field of new energy vehicles this week. You don’t have to worry about missing these wonderful contents. EV Vision will summarize the hot events in the field of new energy vehicles this week for you.

Zero Run released its annual financial report for 2022, with a total annual revenue of 12.385 billion yuan.

Recently, Zero Car released its full-year financial report for 2022. In 2022, 111,168 units were delivered, a year-on-year increase of 154%. The annual revenue was 12.385 billion yuan, a year-on-year increase of 295%. In terms of sales network, by the end of 2022, there were 582 stores in Zero Run, which doubled year-on-year and covered more than 180 cities.

In terms of gross profit margin, it greatly improved from -44.3% in 2021 to -15.4% in 2022, and narrowed to -8.1% in the second half of 2022, and the gross profit margin improved rapidly. The retail run adopts the dealer model, so the dealer rebate is deducted from the sales income. After deducting the impact of rebates, Zero Run has achieved a positive gross profit margin in the second half of 2022.

In terms of operating profit, the expense ratio (sales expenses, management expenses and R&D expenses) is low during the zero-run period. With the improvement of vehicle product structure and the expansion of sales scale, it is expected to achieve profit faster. At the same time, the utilization rate of zero-run funds is high. From its establishment in 2015 to the end of 2022, the delivery volume and financial performance have reached the level of the first echelon of new forces.

The centralized electronic and electrical architecture will be carried in a brand-new model launched in the second half of 2023, realizing mass production of supercomputing platform with high integration, high platform rate, high communication rate and rapid iteration.

In terms of overseas markets, the first batch of overseas stores landed in Israel in 2022. In 2023, Zero Run will gradually expand its global network in Europe, Southeast Asia and the Middle East, continuously expand overseas markets, further accelerate the strategic layout of globalization, and help improve the pace of overseas delivery.

Geely Automobile released its financial report for 2022, with revenue of 148 billion yuan for the whole year.

Recently, Geely Automobile announced its 2022 financial report. The data shows that Geely Automobile achieved revenue of 148 billion yuan in 2022, a year-on-year increase of 45.6%. The net profit of returning to the mother was 5.26 billion yuan, up 8.5% year-on-year. The total cash level rose by 20.4% to 33.7 billion yuan, a record high.

Specifically, in 2022, the sales volume of new energy products (including Geely, Geometry, Lectra, Krypton and Ruilan) was 329,727 vehicles, up over 300% year-on-year, and the monthly new energy penetration rate exceeded 30% for many times.

In 2022, Geely’s bicycle sales revenue increased by 17% year-on-year. In 2022, the high-end series of "China Star" achieved a total sales volume of 259,087 vehicles, accounting for 23% of Geely brand (including geometry), with a maximum monthly sales volume of 30,000 vehicles and an average bicycle price of 150,000 yuan.

The sales volume of Lexus reached 180,127 vehicles in 2022, and by February 2023, the cumulative total sales volume had exceeded 850,000 vehicles. The Krypton brand delivered 71,941 units in 2022, exceeding the annual target of 70,000 units. The average order amount of Krypton 001 exceeds 336,000 yuan. The second model, Krypton 009, was delivered in January 2023, with an average order amount of 527,000 yuan.

In 2022, Geely Automobile exported 19,824 vehicles, a year-on-year increase of 72.4%. In 2022, Lectra shipped 35,588 vehicles throughout the year, with new energy vehicles accounting for 97%. By March, 2023, LINK had opened 11 LINK experience stores in the Netherlands, Sweden, Belgium and other countries.

In 2023, Geely Automobile’s annual sales target is 1.65 million vehicles, of which the proportion of new energy sales will increase to nearly 40%, and more than 9 new energy vehicles will be listed throughout the year. Among them, Galaxy L7 and Galaxy L6 will be delivered respectively in the second and third quarters of this year; E8 will be delivered in the fourth quarter of this year. Extreme krypton will launch two new models.

From product export to technology export, Geely Automobile’s authorized income has further increased, reaching 1.66 billion in 2022, up 29.9% year-on-year.

Positioning compact pure electric SUV, Extreme Krypton X will be launched on April 12th.

Recently, according to the official announcement of Krypton, Krypton X will be officially listed at 20:00 on April 12th. It is reported that the new car, as the third model, is positioned as a compact pure electric SUV, built on the vast pure electric architecture of SEA, and available in single-motor and dual-motor models.

In terms of appearance, ZEEKR X’s front face adopts a highly recognizable krypton design language, intelligent matrix LED transmission headlights, hidden in the grille, flat and minimalist shape, creating a digital sense of the future. The 3D stereo LED daytime running light consists of 41 light-emitting units on the left and right, and the double-edge line of the car body extended backward by the daytime running light makes the front of the car more full and stereoscopic.

The tail of the car is equipped with an integrated through taillight, and the "ZEEKR" luminous logo is in the center, which enhances the temperament of the whole car. In terms of body size, the length, width and height of the new car are 4450/1836/1572mm and the wheelbase is 2750mm respectively. In terms of details, the new car adopts a doorless design. In addition, ZEEKR X adopts a frameless door, a frameless exterior rearview mirror, and a hidden charging cover design.

In terms of power, the new car offers single-motor rear-drive and dual-motor four-wheel drive models. The single-motor model has a maximum power of 200kW, and the dual-motor model has a motor with a maximum power of 115kW on the front axle.

In addition, the delivery data of February 2023 was released, and a total of 5,455 vehicles were delivered in February, and the cumulative delivery of brands has reached 86,519 vehicles, up 87.1% year-on-year and 75.1% quarter-on-quarter. I believe that with the official listing and delivery of Krypton X, the delivery of Krypton X can be improved to some extent.

Evergrande Automobile announced that there was a risk of production suspension.

China Evergrande announced on March 22nd that Hengchi 5 was officially mass-produced on September 16th, 2022, and the first batch of mass-produced cars was delivered on October 29th, 2022. As of the date of this announcement, Evergrande New Energy Vehicle has delivered more than 900 vehicles. Due to the tight liquidity, in order to maintain basic business operations, Evergrande New Energy Automobile has taken measures to cut costs, such as reducing the number of its employees. By March 2023, Evergrande New Energy had 2,795 employees, compared with 3,742 employees by June 30, 2022.

Evergrande Automobile said that the Group was at risk of production suspension if it could not obtain new liquidity. However, if the Group can seek financing of more than 29 billion yuan in the future, it plans to launch a number of flagship models and hope to achieve mass production. Under this plan, the accumulated cash flow without leverage from 2023 to 2026 is expected to reach between negative 7 billion yuan and negative 5 billion yuan.

It is worth mentioning that on March 7, Evergrande New Energy Automobile Investment Holding Group Co., Ltd. and Evergrande New Energy Automobile (Guangdong) Co., Ltd., affiliated companies of Hengchi Automobile, were executed for more than 1.04 million yuan due to bill disputes. Counting this execution, the above-mentioned companies have been executed a total of 377 million yuan. Evergrande New Energy Automobile (Guizhou) Co., Ltd. has also been executed for nearly 300 million yuan, and was added to the list of dishonesty by the local court because of default in execution.

In addition, the Swedish Global Electric Vehicle Company (NEVS), a subsidiary of Evergrande Automobile, recently announced the launch of the "Hibernation Plan". According to the plan, the company plans to lay off 320 employees, accounting for nearly 95% of the total number of employees, which will start in the next six months. If the plan is fully implemented, NEVS will have only 20 employees left.

As the first mass-produced SUV model of Evergrande, Hengchi 5 is positioned as a compact SUV, which is equipped with a 150kW motor and a lithium iron phosphate battery from Contemporary Amperex Technology Co., Limited with a rated power of 72.8KWh and a cruising range of 602km, compared with luxury models such as Standard Benz GLA, Audi A3 and BMW X1.

Since the delivery began at the end of October last year, Hengchi 5 has been in constant turmoil. Within 15 days after the pre-sale, Hengchi 5 claimed that the order had exceeded 37,000 vehicles, but only 100 vehicles could be found in the delivery data at that time. By the end of December last year, Hengchi 5 had delivered a total of 324 vehicles.

It is also reported that Evergrande has been losing money continuously since it was renamed Evergrande in September 2020. According to the financial report data of Evergrande, in 2018, 2019 and 2020, Evergrande lost 1.429 billion yuan, 4.426 billion yuan and 7.394 billion yuan respectively, and the financial report for 2021 was not released on time. On April 1, 2022, Evergrande Motor announced the suspension of trading and has not resumed trading so far.

The new HI version of Extreme Fox Alpha S opens NCA in Guangzhou.

On March 21st, the new HI version of Extreme Fox Alpha S opened the NCA in Guangzhou (namely, urban intelligent driving navigation assistance). Car owners in Guangzhou can go to the store to upgrade in batches according to the appointment of the sales consultant. This is also the third city that the new HI version of Extreme Fox Alpha S is open to users and can realize high-level intelligent driving in urban areas, and it is the first time in the industry to realize cross-city point-to-point NCA traffic between Shenzhen and Guangzhou, two important cities in the Pearl River Delta. Prior to this, the new HI version of Extreme Fox Alpha S was launched in Shenzhen and Shanghai respectively last year.

It is understood that the urban NCA promoted this time can realize autonomous cruising, unprotected intersection traffic, close-range congestion treatment, active overtaking lane change/parallel lane separation, tunnel traffic and other operations in urban areas.

It is reported that the new HI version of Extreme Fox Alpha S is equipped with 34 sensors in hardware, including 3 laser radars, 6 millimeter-wave radars, 12 ultrasonic sensors and 13 high-definition cameras to achieve 360 all-round coverage.

At present, with the continuous evolution of intelligent driving from ADAS to high-level autonomous driving, the stadium has shifted from high-speed to cities with more complex scenes. How to quickly overcome urban scenes to create a universal autonomous driving solution for the whole scene has become an urgent problem for the industry.

The Extreme Fox Alpha S HI version was launched on May 17, 2022, and the first batch of delivery was started on July 16, 2022. Previously, it has taken the lead in opening the NCA function in Shenzhen, Shanghai and Guangzhou, opening the NCA function in 249 cities across the country, and opening the 290,000-kilometer expressway intercity intelligent driving network. It has driven more than 300,000 kilometers safely, and intelligent parking has helped users realize worry-free parking for more than 45,000 times. In addition, through three OTA upgrades, it has added many functions, such as APA (Intelligent Parking Assistance) front parking, RPA remote parking, and ICA (Intelligent Cruise Assistance) in urban areas, and its high-level intelligent driving ability has continued to advance.

It is worth mentioning that in Shenzhen and Shanghai, urban NCA has become an important tool for users to travel, and the proportion of users who use this function is as high as 40%, and the use dependence of high-level intelligent driving is forming.

Ford Explorer EV officially released based on MEB platform.

A few days ago, a new compact pure electric vehicle jointly developed by Ford and Volkswagen was officially released. The vehicle was named Explorer EV, which was built on MEB platform and was the sister car of Volkswagen ID.4. The official said that the starting price of this car is expected to be 48,000 US dollars, about 330,000 yuan, and the new car will be officially delivered in early 2024.

In terms of appearance, the front face of the new car is designed in the current penetrating style, but it is not a penetrating light group. There are iconic hooked daytime running lights on both sides, and Ford’s brand LOGO is in the center of the enclosed grille. A U-shaped silver decorative strip is added to its lower enclosure, which echoes the bottom line of the enclosed grille and has a strong layering.

The suspended roof also appeared on this new car, and the C-pillar added individual decorative elements. I have to say that the design of the window line of the new car rising at the C-pillar really adds some strength to it. In addition, the style of multi-spoke two-color low wind resistance rim is also unique, which provides three sizes of 19/20/21 inches.

In terms of the rear end, the taillight style and the style surrounded by the rear echo the front of the car, which has a good sense of integrity. This car offers body colors including Arctic Blue and Vitality Blue, Frozen White, Magnetic Grey, Agate Black and Vitality Red. In terms of body size, its overall length is slightly shorter than ID.4.

For the interior, the new car uses a 15-inch Ford Sync Move central touch screen, just like the "move" in its name, which is a screen that can rise and fall. There are touch buttons on the island platform below the screen, which can control the volume and so on. The car is equipped with keyless entry, dual-zone automatic air conditioning, wireless Android Auto and Apple CarPlay, and 10-color atmosphere lights. There is also a bright ambient light directly above the central control, which is actually a Sound Bar sound.

In terms of intelligent driving, the car is equipped with 12 ultrasonic radars, 5 cameras, etc. It is the first Ford model in Europe to provide automatic lane change function. Its other ADAS functions include adaptive cruise control with stop-and-go function, pre-collision assistance, intersection alarm with active braking, and Active Park Assist 2.0 parking assistance system.

In terms of power, Ford has not released too many details. The official said that Explorer EV offers rear-wheel drive and all-wheel drive versions, and the battery can be charged from 10% to 80% in 25 minutes in fast charging mode. The vehicle has the function of battery temperature pre-adjustment, and the charging speed, charging plan and trip planning can be optimized through the system. Ford said that users of Explorer EV can use more than 450,000 charging piles in Europe this year, and it will reach 500,000 by 2024, including more than 2,100 DC fast charging piles built by Ionity in more than 450 locations.

Contemporary Amperex Technology Co., Limited Kirin battery will mass-produce endurance or break thousands.

A few days ago, according to domestic media reports, Kirin battery, Contemporary Amperex Technology Co., Limited’s leading technology, has been mass-produced. According to Contemporary Amperex Technology Co., Limited, the volume utilization rate of Kirin battery has exceeded 72%, and the energy density of ternary batteries can reach 255Wh/kg, and the energy density of lithium iron phosphate battery system can reach 160Wh/kg. In contrast, the energy density of Contemporary Amperex Technology Co., Limited ternary lithium battery equipped with Weilai ET5 100kWh version is 185Wh/kg, and that of Ferrous lithium phosphate blade battery equipped with BYD Han is 150Wh/kg.

The battery pack integration of Kirin battery is the highest in the world. Under the same chemical system and the same battery pack size, the power can be increased by 13% compared with the 4680 cylindrical battery system. At the end of November last year, Kirin battery was rated as the best invention in 2022 by TIME magazine.

As for the vehicle models, Contemporary Amperex Technology Co., Limited and Kykrypton jointly announced that Kykrypton will become the first brand of Kirin battery in global mass production, and its first pure electric MPV ZEEKR 009 will become the first vehicle model of Kirin battery in global mass production. ZEEKR 009 equipped with Kirin battery will have a pure electric cruising range of over 1000km. At the same time, Contemporary Amperex Technology Co., Limited and Cyrus Group Co., Ltd. also jointly announced that Kirin battery will be launched as a new AITO series vehicle. In addition, LI’s pure electric vehicles will also be equipped.

BYD’s "Yunnian" was officially announced or related to chassis technology.

A few days ago, BYD officially announced the "cloud". Judging from the descriptions of "going over mountains and mountains", "steadily moving forward" and "emperor’s car" in the copy, it seems to be a technology about chassis or driving system.

When BYD registered the trademark Yunqi, there were three kinds of Yunqi, Yunqi -A and Yunqi -P in the trademark name, which were somewhat similar to DM-i and DM-p in BYD’s plug-in technology.