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Under the trend of film cross-border integration, the industry needs a "new force" like Sunac culture.

Is the ceiling of the movie market still far away? Besides box office income, how can the value of movie content find an incremental market?

Reading entertainment | yiqiduyu

Wen | Zero One

The 4th China Film and Television Capital Summit held on June 11th looks a bit "mixed". Combining "finance and economics+film and television+cross-border+integration", the summit also held two special round-table dialogues, among which the round-table dialogue with the theme of "New Consumption, New Cross-border Scenes of China Films" brought together a group of "cross-border people" who are far or near to the film.

Participants in this round-table dialogue include Wang Jianer, Party Secretary and Chairman of Shanghai Film Group; Sun Zheyi, President of Sunac Culture Group and Executive Director of Sunac China; Chen Sicheng, a famous director, screenwriter and actor; Zhang Yu, investment partner of sequoia capital china; Wang Ran, founder and CEO of Yikai Capital; Zhang lei, CEO of Yuanjing Technology Group; Executive Director of POP MART; Chief Operating Officer of the Group; Side, President of China District, etc. They are from various fields, including film and television, investment, environmental protection and new consumption.

This is the first time that Sunac Culture participated in the China Film and Television Capital Summit. As a film "new force" established just over two years ago, Sunac Culture has successively participated in the joint production of mainstream blockbusters such as My People,My Country and A Writer’s Odyssey, and at the same time, it has actively deployed and launched works such as Luo Xiaohei’s War and Wish Dragon in the animation field. At the strategic conference held last month, Sunac Culture showed the panoramic layout of the Group’s business to the outside world for the first time, and launched two major content brands, namely "Sunac Film and Television" and "Sunac Animation", and at the same time revealed a new positioning centered on "IP+ Content+New Consumption Scenes", and its strategic objectives are in line with the theme of this forum.

Since the outbreak, the film industry has experienced a period of ups and downs. From shutdown to recovery, the international market has not yet returned to normal. Although the film market in China has recovered rapidly, the market income source is still relatively single, and the industry is still exploring more stable business models. The topic involved in this "new consumption, new cross-border scenes of China movies" is more related to the future of the film industry, or the development node it faces-Is the ceiling of the movie market still far away? Besides box office income, how can the value of movie content find an incremental market?

one

The future of the film industry lies in "more than box office"

In the keynote speeches and forums of this film and television capital summit, many guests mentioned the same phenomenon:There is a huge difference between the income composition of China film market and the international market.

Yan Yan, the founding managing partner of Safran Asia Investment Fund, pointed out in his keynote speech that the box office revenue in China film market accounts for almost more than 90%, but the box office revenue in the US film market only accounts for 30% of the total, and two-thirds of the revenue comes from the "back market", such as DVD, pay TV, derivatives, etc. "For example, the famous movie Titanic has a box office of more than 2 billion US dollars, but its back income has reached nearly two billion US dollars.

Director Chen Sicheng mentioned that the film industry is now "empty and influential", and nearly 100 million viewers in Detective Chinatown 3 bought tickets to go to the cinema during the Spring Festival. "But now we.Except for the consumption behavior of watching movies and the consumption scene of cinemas, everything else is almost zero.. Chen Sicheng also mentioned that all domestic cultural film companies together have a market value of less than 16% of Disney’s. In this regard, Chen Sicheng believes: "Disney is not just a logic of selling movie tickets. It sells its own movie tickets around the world, sells its own ideology, and sells its own goods around the world."

Sun Zheyi, president of Sunac Culture Group and executive director of Sunac China, also mentioned the great energy of Disney model and the value of its original IP. "We look at Disney, which is the IP of Star Wars. Their $10 billion box office has a revenue of $40 billion. This piece is the value of real IP. And if this piece pulls the value of global derivatives, the top 50 does not have an IP of China. "

The box office revenue of China film market is absolutely mainstream, but this should not be the "final form" of the film industry.This may also be the reason why new entrants such as Sunac Culture and state-owned film giants such as Shangying attach importance to "IP operation"-Sunac Culture just released a new strategic positioning of "IP+ content+new consumption new scene" last month; Wang Jianer, Party Secretary and Chairman of Shanghai Film Group, also said in the forum that "big IP development" is one of the company’s three core strategies: "From the beginning of creative theme, we should establish the concept of big IP and consider how to combine the investment and new consumption of this film. At the extension end, we should consider the whole chain operation mode and cross-border content operation mode."

From 2010, the box office just broke 10 billion, and the number of national screens just broke 6,200, to 2019, the box office income of 64.266 billion yuan and 69,000 screens. The box office income of the film market has developed rapidly in recent years and slowed down in the past two years, but this does not mean that the ceiling of the film industry has arrived.The diversified business model of high-quality IP still has great potential. The potential beyond box office income-consumption, tourism and technology, the next peak of the development of China film industry needs China film content to try more cross-border forms and create greater value in the vast world of derivative markets.

2

There are n ways to realize the cross-border integration of movies.

How can the industry do better?

Among the cross-border objects of China film market, "new consumption" is perhaps the most important one. In Mr. Reading Entertainment’s view, this is determined by the background of the great economic development era. In 2020, the National Development and Reform Commission said that China will soon surpass the United States and become the largest consumer market in the world. With the outbreak of strong market scale and active consumption power, a large number of "new consumption" subdivisions have experienced explosive growth: for example, POP MART, with a market value of over 100 billion due to the "blind box economy", the rapidly rising Hanfu market, offline script killing, werewolf killing and other new forms of entertainment consumption.

The mushrooming "new consumption" not only reflects consumers’ enthusiasm for emerging consumer goods, but also reflects the vitality and scale effect of the whole China consumer market.

In this summit forum, Wang Ran, founder and CEO of Yikai Capital, thinks thatThe consumer market has created opportunities for the film industry. ": "Because of the uniqueness of China’s consumer market, its volume and growth have led to so many new consumer brands in China, and new consumer companies like Bubble Matt can break ground and have a large number of them.Capital comes together. Therefore, the capital’s enthusiasm for the consumer industry will indirectly provide a positive for the film and television industry, and integrate with them to grow together with them.Wang Ran believes that in this sense, some unfavorable factors will just force the industry to make a faster breakthrough in the model.

At present, some companies in the industry have actually considered and practiced the possibility of film cross-border integration in many aspects.

Using the existing resources of cinemas combined with new consumption, Wang Ran thinks it is a very important topic, especially for the projection industry. In the cinema space, it can be combined with new brands, new retail, new entertainment and new catering. Reading Entertainment Jun also believes that many of the existing cinema income models actually come from selling goods and advertisements, and the future development may be in the direction of greater integration with commercial real estate and more subdivided new consumption combination.

The derivatives market is a very wide field. Among them, some manufacturers combine IP to produce new consumer products, such as POP MART and Marvel Comics, Harry Potter, Mickey’s co-branded gift box, etc. The tide play based on IP production is a proven and mature mode in IP development mode, and the new upsurge is driven by new gameplay such as IP itself and blind box. In addition to hand-playing, co-branded makeup, co-branded skin of games, and co-branded beverage packaging have all become the gameplay of movie IP derivatives, realizing the influence of movie IP in a large number of consumption scenarios.

There have also been many attempts at the real-life entertainment mode of the movie IP+ Wenlv. In this field, there are both Huayi Brothers’ film town business with light asset model and Sunac culture, a new film force with great advantages in the real estate industry.

It is not difficult to find that there are many ways to realize the cross-border integration of movie IP and new consumption scenes.So, how does the China film industry need to strengthen the cross-border prospect at this stage? Reading Entertainment Jun synthesized some opinions of this forum.

First, most forum guests emphasized the value of head IP. Indeed, whether it is Disney or the Japanese animation market, the cornerstone of cross-border is that the content itself is most widely recognized and thus forms a strong IP influence, so that the subsequent cross-border integration and industrial chain can be opened.

Second, we should jump out of self-limiting thinking. Zhang Yu, a sequoia capital china investment partner from the fashion industry to the investment circle, believes that the change of concept is very important: "Film is a very important link in the overall business planning, just like what we call traditional media, but it is not the only one." 

Third, we should attach importance to localization. China people have the cultural soil of China, so we should combine it with contemporary cultural scenes. This can be seen from the top movie themes in the box office of Chinese movies in recent years. Movies related to local cultural context often occupy the mainstream, and the China market needs localized IP cross-border forms.

Fourth, we must make long-term preparations, and both content creation and cross-border integration need to build long-term value. To form a plan, all kinds of derivative development of IP should be advanced to the content creation stage or even before. In this regard, Sun Zheyi said in the forum, "Whether it is a derivative team or a real-life team, we will focus on content development, including the choice of our theme. We like animated film products and science fiction products, because this kind of product is the easiest to be derived and made real."

three

Taking the IP "integration" route, Sunac culture is well prepared.

At the brand strategy conference held by Sunac Culture in May this year, Sun Zheyi said that IP building will be the core starting point of Sunac Culture:"IP is the foundation, content is the amplifier, and new consumption and new scenes are the expansion paths of commercial value."

The strategic direction of Sunac Culture coincides with the overall views of the guests in this round-table dialogue. Then, for the cross-border integration of movies, what "big name" does Sunac Culture, which focuses on the strategic positioning of "IP+ content+new consumption and new scenes", hold?

Head concentration is a major trend in China film market, and in the context of cross-border integration, head IP is also the basis of everything. Sun Zheyi also mentioned in the round-table dialogue: "Only the head IP can get through this model, and the waist IP can’t adapt to an industrial chain."

Therefore, after more than two years of hard work, Sunac Culture has established an advantageous IP content layout in both the present and the future. At present, Sunac Culture has mastered the well-known secondary IP such as Ali and Luo Xiaohei, and the films A Writer’s Odyssey and Wish Dragon have also been successful in various schedules.

What’s more worth mentioning is that the influence of these IPS is also very impressive in overseas broadcasting. The first animated work "The Battle of Luo Xiaohei", the IP "Luo Xiaohei" of Sunac Culture, landed in the Japanese market last November, creating a box office record for domestic animated films in Japan; Wish Dragon, the first animated film originally developed, produced and jointly produced by Animation, an animation studio under Sunac Culture, was launched on Netflix on June 11th. On the first weekend of its launch, it won the first place in Netflix’s North American animated film hit list, the second place in the global IP content hit list, and the first place in more than 19 countries such as the United States, Canada and France. Overseas media, including Variety The New York Times, published positive comments, and also gained 77% freshness of rotten tomatoes and 83% audience praise of popcorn index. The recently released Top10 list of Netflix movies in the 24th week of 2021, Wish Dragon once again swept the world to the top with a super high score of 5,118, and the domestic animated films made gratifying achievements in going to sea.

Not only that, Sunac Culture has reached in-depth strategic cooperation with well-known directors and producers such as Frant Gwo, Rao Xiaozhi and Chen Guohui, and at the same time, seven animation studios have been set up in the animation field. A number of animation directors, including Legend of Deification directors Cheng Teng and Li Xia, have formed a "dream team" of Sunac Animation, focusing on the development of "animation+science fiction", two fields that are most suitable for IP cross-border integration.

In addition to content layout, the long-chain operation mode of Sunac culture is bound to become another weapon to boost IP value amplification.

Based on Sunac Group’s dominant position in the real estate industry, Sunac Culture has a large number of cultural tourism hotel resources, cultural tourism cities, theme parks, Qingdao Cinema Film and Television Comprehensive Base, etc. These rich offline resources give Sunac Culture enough foundation to operate movie IP and connect fans to create a large number of new consumption scenes. According to Sun Zhe’s introduction, Sunac Culture has also increased its weight in the field of live e-commerce, locking in the characteristic track of IP live e-commerce. With Sunac Culture’s patient advance layout and long-term strategy blessing, these superior resources can provide diversified power sources for the future cross-border integration and development of movies.

Generally speaking, Sunac Culture has defined itself as an IP commercial operation company from the very beginning, and has taken the lead in the general trend. For the whole film industry, it has become a top priority to find the value amplification of film IP in the vast consumer market outside the box office revenue. In this process, Sunac culture is not only an intruder in the new film market, but also a pioneer in exploring the future of the industry.

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Extreme krypton 001 will push lightning to switch intelligent four-wheel drive system to improve 34km battery life.

  [Pacific Auto Network New Car Channel] On July 11th, the intelligent acceleration slip regulation was officially released on the evolution day. The official said that the intelligent four-wheel drive system with lightning switching will be launched in the future. The lightning switching function can make three driving modes switch intelligently. The official said that its comprehensive cruising range under CLTC conditions can be improved by 34km. In addition, the official also revealed that the drift model is currently being developed.

  It is reported that when users buy a car, they often make a dilemma between high performance or long battery life, two-wheel drive or four-wheel drive. Through the unremitting efforts of the R&D team, the intelligent drive system has evolved, bringing the world’s first mass-produced lightning-switched intelligent four-wheel drive system, which will be the first to be carried in the following version of Krypton 001 YOU.

  Lightning switching can realize intelligent switching of rear drive/four-wheel drive in the blink of an eye of 0.4 seconds. Extreme Krypton 001 can realize the intelligent switching of full-time rear-drive mode, rear-drive mode and rear-drive mode through various driving modes, and the comprehensive cruising range under CLTC working conditions is increased by 34 kilometers.

  When choosing the economic mode, the vehicle can reduce energy consumption while having the rear-drive experience, and the cruising range performance is better than the comprehensive working condition; When choosing comfort mode, timely four-wheel drive will intervene according to road conditions. Ordinary road sections are driven by a single motor, which saves more electricity. If you encounter high slopes, gravel and dirt roads, the four-wheel drive mode will be intelligently switched, so that the vehicle can run stably and get out of trouble efficiently; Full-time four-wheel drive with sports/snow/sand/off-road/personalized driving mode can make driving more stable and effectively solve the safety hazards of understeer, tail flick or slip.

  Based on the lightning switching intelligent four-wheel drive system, the drift mode created by Krypton for performance enthusiasts is being developed and tested, so please look forward to it.

  The intelligent anti-skid dTCS distributed system newly developed for electric vehicles, the official said, can use 10 times faster processing speed than the mainstream TCS traction control system when there are signs of skid at the wheel end, instantly distribute the wheel end, increase the grip of the driving wheel, assist the driver to quickly stabilize the body and strengthen the ultimate handling ability of the whole vehicle.

  According to the official, the measured intelligent acceleration slip regulation can increase the maximum controllable speed of Krypton 001 by 5-15km/h when it makes extreme cornering on an ice ring with a diameter of 200-250m. (Photo/Text/Photo: Pacific Auto Network Uchihiro)

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It’s as disgusting as eating a mouse! The performance of the Mercedes-Benz E300 bought for 530,000 yuan is really bad.

Netizen: I picked up this E300 on July 25th this year, because it happened to be my birthday. Then, in order to give myself a birthday present, I made it clear to the 4S shop that I must pick up the car on the same day, and then the 4s shop helped me get everything ready on time, and let me pick up the car directly, which can be regarded as a gift for myself at the age of 30.

Originally, I was driving a car myself, but I really didn’t want it after four or five years. It happened that my business was doing fairly well in the past two years, and I had a great improvement. I had more money in my hand, so I thought about changing a car. After discussing with my family, they all supported my idea, and then I began to look at the car, thinking that I would choose one of the two models, and then I would like to see the E300 later.

The main reason is that the reputation and impression of this model are not very good. Why do you say that? Because the Five Series pays attention to the control style, it may be harder to drive, which is not suitable for business reception. However, our main demand for buying this car is for home use, and occasionally it is used for business reception, so comfort is definitely the most important thing to ensure. In addition, it has always given people the impression of being an outsider. I don’t like this feeling very much, so I finally chose it.

But this generation, in terms of design, looks a little rustic, but it doesn’t matter much. I originally wanted to choose a blue E300, but they didn’t have this color scheme. In the end, I had to drive my car to the beauty shop outside, and then let them put up my car clothes, and then they helped me to go to the vehicle management office to do the registration. This one originally looked a little old-fashioned and full of business sense, and suddenly it became very, very.

Seeing that this E300 has been used for three or four months, I am very dissatisfied with the overall performance of the car. I knew I shouldn’t have bought this one at that time, and maybe it would be better.

First of all, the comfort of the vehicle is actually not so reliable, because I feel that the models of his generation are not well done in the seat, and the padding is not very soft now, and the support of the seat is not high. If you ride for a long time, you will feel how much your body is, and you will be a little tired.

Secondly, the sound insulation effect in the car is not in place, but the wind noise can still be heard clearly in the car when driving at high speed. It was said that the sound insulation effect of this car is very good before, but it is completely different from my own experience.

There is also the luxurious atmosphere inside the car and the design of the car, which gives people a feeling of being completely puzzled. Isn’t the old double-screen design style more beautiful? This new design style is really at a loss, and the reaction speed of the car machine is not very fast, and the operation is particularly complicated, which makes people very angry to use.

What makes me want to vomit most is that the driving experience and ride comfort of this car, let’s put it aside for the time being, but now we have begun to pay attention to the attempt to combine sports with comfort, but this is not the case at all in this car. He really only pays attention to the so-called comfort and ignores the driver’s feelings. The chassis adjustment is too soft, making this car drive like watching an old man. "

It is definitely a leader in the field of large cars among luxury brands, and it is also a leader. It has divided different fields, paying more attention to luxury and comfort, and paying more attention to sports control. Basically, consumers with such needs will choose one of these two models at a fixed point.

Compared with the old model, the design style of the new model is indeed a bit stingy, especially the design of headlights has not played a finishing touch role, but it has also affected the overall visual effect. Of course, the overall sense of luxury and grade of the vehicle has disappeared with the efforts of the designer. If you want a medium-sized and large car with a more comfortable riding atmosphere, I will advise you to consider other brands and won’t mind your choice.

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Heduo Technology won the financing of 100 million yuan from Sequoia, and will deploy parking service in 400 parking lots within 2 years | Titanium News.

Ni Kai, founder of Heduo Technology

Titanium Media News | December 14th news:Titanium media learned that the self-driving startup Heduo Technology has completed the A round of tens of millions of dollars financing, with sequoia capital china leading the investment and Oceanwide Investment following the investment. The original investors Siweituxin, IDG Capital and BAI (Bertelsmann Asia Investment Fund) continue to increase their holdings.

Ni Kai, founder and CEO of Heduo Technology, said that Heduo Technology is committed to building an autonomous driving scheme based on cutting-edge artificial intelligence technology and automobile industry technology, and promoting the application of autonomous driving as soon as possible. This round of financing will be mainly used to increase investment in technology research and development, and accelerate the landing of the self-driving mass production solution independently developed by the company.

Compared with ordinary self-driving entrepreneurs, as a "veteran", Ni Kai obviously has a more clear and pragmatic plan for the company’s research and development direction and development path. At the beginning of the establishment of Heduo Technology, Ni Kai announced a clear and unique development route: at this stage, the company aims to realize the industrialization of autonomous driving technology, focusing on two major application scenarios: expressway and parking service.

Established more than a year ago, the team developed HoloPilot, an expressway autopilot solution, and HoloParking, an intelligent parking service autopilot solution, and reached in-depth cooperation with many host manufacturers and Tier 1 suppliers. Among them, the landing plan of HoloParking has been put on the agenda:

It is expected that from 2019, the "last mile" demonstration operation project will be carried out in cooperation with Shanghai Automobile City; By 2020, HoloParking will land in at least 400 parking lots in 20 cities by joining hands with partners such as Parking Simple and Velodyne.

According to Ni Kai, the founder of Heduo Technology, unlike most parking assistance functions on the market, HoloParking does not require the driver to drive the vehicle next to the parking space. The driver can get off at the gate of the parking lot, and the vehicle can find the parking space and park independently, without being watched. When picking up the car, the owner can also remotely start the HoloParking system, so that the vehicle can park itself and drive to the boarding place. In other words, the owner can complete the whole process of parking and picking up the car without entering the parking lot.

Ni Kai believes that the value of this product is that it can really save time and energy for car owners in all weather and all scenes, which requires the support of three major capabilities: intelligence, robustness and landing.

According to Ni Kai, the conventional thinking of the industry is to take the car as the only carrier to realize autonomous driving, but the pure car-end solution can not meet the three requirements of intelligence, robustness and landing at the same time. The method of Heduo Technology is to introduce the field terminal and high-precision map terminal into HoloParking system, and form a set of "three-terminal integration" scheme together with the vehicle terminal.

The application scenarios of autonomous driving include urban self-driving taxis, high-speed trunk transportation, terminal transportation and transportation in special scenes such as mining areas and ports, etc. Among them, Level4 self-driving taxis are considered to have the largest market space, but they are limited by regulations and technologies, and the landing period is long. Therefore, many autonomous driving projects locate the landing direction in other limited scenarios.

Heduo Technology’s trunk transportation and parking service are the popular landing scenes. In trunk transportation, players such as Tucson Future, Zhijia Technology, Yinche Technology and Shiqiao Logistics have flooded into the scene. In parking service, Yushi Technology, which was established earlier, has also reached a cooperation with Gofun, a shared travel project owned by Shouqi Car.

The real landing of autonomous driving in a limited scene requires not only the stability of technology, but also strict cost control. The lidar required by Level 4 is undoubtedly the key factor. Ni Kai said that in terms of sensors, Hedo has reached a strategic cooperation with laser radar supplier Velodyne, which will provide Hedo with priority procurement rights.

"We will work together to reduce costs. Heduo’s goal is to realize the cost of single parking space renovation of 2020 yuan." Ni Kai said.

It is understood that Ni Kai worked in Microsoft and Baidu Deep Learning Research Institute, founded Baidu driverless team from scratch, and led the team to complete the first road test of Baidu unmanned vehicle. In June 2017, Ni Kai founded Heduo Technology, which attracted wide attention from the industry at that time. Only one month after its establishment, Heduo Technology announced that it had obtained tens of millions of dollars of angel round financing.

In addition, the comprehensive strength of Heduo technology team is also outstanding. This team is one of the few teams in the industry with full-stack autonomous driving research and development capabilities. The number of doctors and masters is over 90%, and most of them have worked in autonomous driving technology companies or automobile manufacturing enterprises such as Baidu, BMW, Mercedes-Benz, Bosch and Garmin.

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New brand accelerates "recruiting" Geely wants to use Volvo to "turn over"

"The headhunting company is still digging people, which is more urgent!" On March 24th, Xin Chen (pseudonym), a veteran who works for a joint venture car brand, told the reporter of China Business News, "According to the headhunting company, Geely is setting up a new company and investing heavily to build a brand-new car brand."

But what is puzzling is, what kind of company will this be? What is the relationship between this company and Volvo Cars? And what is the goal of Li Shufu, chairman of Geely Holding Group? With a series of questions, the reporter found that the CMA platform product jointly built by Geely and Volvo (a brand-new vehicle platform jointly developed by Volvo Car and its parent company Geely Group) is progressing steadily. In order to make the products developed on this platform put on the market smoothly, Geely is making a final sprint, and Geely’s above recruitment move may be related to this platform.

New products will be launched in 2016

The reporter learned that Geely’s recruitment stems from the fact that before the Spring Festival, the recruiters targeted the personnel of "ABB" and other car companies. The recruitment information released by headhunting companies also involves positions such as human resources director and engineer. In contact with headhunting companies, Xin Chen learned that many senior positions have been finalized on the eve of the Spring Festival.

"(Geely) will not form a new company with Volvo, but it will indeed set up a brand new brand. (This brand) will run in the form of a business unit. " On March 25th, Yang Xueliang, spokesman of Geely Holding Group, told reporters: "The recruitment that Geely is implementing is actually a preparation for CMA platform products."

From this point of view, the reason why Geely accelerated its recruitment at this time is because its new CMA platform product jointly developed with Volvo has entered the sprint stage of production. An insider of Geely Automobile said that the factory producing CMA platform products is under construction, and the new products will be officially launched in 2016, and the products will be launched in the above new brands.

It is reported that in September 2013, Geely-Volvo Joint R&D Center started trial operation in Sweden, which is mainly responsible for the development of CMA modular platform. In the future, the application of the platform can not only realize the modular production of vehicle models, thus reducing the manufacturing cost, but also control the weight of the car body, further achieving the purpose of reducing the weight of new cars. In the future, the CMA platform will mainly produce the models of Volvo brand that are positioned in the compact market, and can be extended to the field of small cars. As the other party to jointly develop the CMA platform, Geely Automobile will also share the platform with Volvo Cars.

According to the information initially disclosed by Geely, the R&D center will recruit 200 engineers by the end of 2014. But by the end of 2014, the R&D center had hired 400 engineers. And the recruitment of personnel is still expanding.

According to overseas media reports, Hanken samuelson, President and CEO of Volvo Car Group, said that the first model of Volvo based on CMA platform will be XC40, which will be launched in 2018. In 2019, Volvo will launch a new generation of V40 hatchback and a new compact car S40 based on CMA platform.

According to the information disclosed by Geely at present, its Geely brand model based on CMA platform will be introduced to the market two years earlier than Volvo brand. Yang Xueliang said that Geely’s products built on the CMA platform will include A-class cars and B-class cars. In 2016, Geely will launch a brand-new A-class car.

Conflict suspense

The upcoming production of Geely’s new products means that Volvo’s technical contribution to Geely Automobile has entered a new stage. However, the outside world has also noticed that Geely and Volvo’s new products originate from the CMA platform. Will this cause conflicts between the two products in the market?

For such questions, Geely and Volvo are actually ready. Earlier, in an interview with the media, Hanken samuelson said that although Geely and Volvo use the same platform, the products made by Geely brand based on CMA platform will be completely different from Volvo. He stressed: "The relationship between Volvo and Geely is like the relationship between Audi and Skoda."

In fact, after Geely acquired Volvo, Li Shufu also constantly stressed that Geely is Geely and Volvo is Volvo. Geely and Volvo are well aware that Geely and Volvo cannot be confused, and independent operation can benefit both brands.

It is based on this definition that after Geely acquired Volvo, Volvo’s brand image in the luxury car market was not hurt. The data shows that in 2009, Volvo’s global sales volume was only 330,000, but by 2014, Volvo’s global sales volume reached 465,900, setting a record high. At the same time, in 2009, Volvo sold 22,000 vehicles in China, and by 2014, this figure has also increased to 81,000 vehicles.

Zhang Zhiyong, a well-known commentator in the automotive industry, believes that with the help of Volvo’s technology, Geely has promoted the establishment of CMA platform and the research and development of brand-new products, and recruited automotive talents around the world to make the team create a more popular brand. This shows that after the acquisition of Volvo, Geely’s development ideas have been very clear.

The market is urgent

"The conditions they open are not like the practices of domestic independent brand car companies!" Xin Chen, who has worked in a joint venture car company for nearly ten years, said, "In order to dig up outstanding talents faster, Geely’s treatment and conditions are even higher than many joint venture car companies."

Obviously, Geely, who is eager to launch a sprint, has been a little anxious, hoping to reserve a good team for the upcoming new models through high salaries.

In 2014, Geely Automobile, which once grew rapidly, encountered a bottleneck in its development. Data show that in 2014, Geely Automobile sold a total of 425,773 vehicles, a decrease of 22.50% compared with 2013. As a car company with the largest year-on-year decline, Geely Automobile directly fell from the second place in the sales volume of independent car companies in 2013 to the fifth place. For Geely, in order to completely reverse the situation, the new Geely model based on CMA platform needs to join the "Geely Legion" as soon as possible.

Zhang Zhiyong said that Geely’s acquisition of Volvo not only promoted Geely’s brand, but also provided opportunities for Geely to acquire some key automotive technologies. It is understood that from the date of completion of the acquisition, Li Shufu, chairman of Geely, began to take a series of measures to promote technical cooperation and synergy between Geely Automobile and Volvo Automobile.

As early as 2012, Geely and Volvo signed a technical cooperation agreement, and the two sides will actively promote the joint development of small-displacement, high-performance, environmentally-friendly series engines, environmentally-friendly small car platforms, and new energy vehicle assembly system technologies such as electric vehicles, hybrid electric vehicles and plug-in hybrids.

With the introduction of Volvo technology, Geely has also begun to taste the sweetness. At present, new models and modified models developed on Geely’s existing platform all use Volvo technology to varying degrees. The new Geely car Borui, which will be launched in April 2015, was jointly developed by the Geely European R&D Center CEVT (Geely -VOLVO Joint R&D Center) and Geely Research Institute, using some Volvo technologies.

Some insiders believe that with the launch of the new CMA platform products, Geely will be in a favorable position in the competition of domestic independent brand models. However, it is not clear whether Geely can get what it wants when domestic independent brand car companies are accelerating their development and their independent market share is gradually shrinking.

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How much is BYD Han EV, will you pay without hesitation?

In the eyes of many consumers, independent brands have developed well in recent years, but if the price is higher than 200 thousand, they will not consider it. Therefore, the price of 200,000 yuan has become a thick and hard ceiling for the upward development of independent brands.

Even so, there are many brands trying to break the shackles, such as BYD. Its Tang EV was priced between 277,900 yuan and 377,900 yuan. At that time, this flagship SUV helped BYD establish a high-quality image with brand-new product strength. In the field of cars, this year BYD will bring a masterpiece with excellent shape, performance and battery life-Han EV, and continue to attack the 200,000 ceiling.

In appearance, Han EV adopts the latest Dragon Face design language, and the overall visual effect is high-end and elegant. The front face adopts a closed middle net, and the headlights on the left and right sides are chic and slightly raised. A silver ornament is chrome-plated through the closed middle net to connect the headlights on both sides, making the front face more stretched and open.

The length, width and height of Han EV are 4980/1910/1495mm, and the wheelbase is 2920 mm. The slender body size supports a powerful gas field. Viewed from the side, its body proportion is harmonious, the profile design is simple and elegant, and the flexible waistline gradually narrows from the C-pillar to the upper part, which matches with the hidden door handle design to outline the dynamic and washed coupe posture.

Regarding the body design, BYD Han EV pays special attention to it. If you look closely, you can find that its front part is more rounded and its tail part is more square, which is precisely due to the design concept of "front circle and rear". The rounder the front section, the easier it is for the wind to fit the car body quickly when it is impacted by the wind, while the more the rear section is, the wind can leave the car body quickly. With the clever design and the assistance of aerodynamic suite, the drag coefficient of BYD Han EV is amazing, only 0.233Cd, even lower than Tesla Model S(0.24Cd).

In the interior part, it adopts the embracing design language, and its style is simple and lively, not complicated. The most eye-catching thing is still the characteristic of BYD dynasty family-large-size suspended rotating central control panel. In addition, in terms of details, Han EV is also polished exquisitely. Its center console is decorated with matte silver, which effectively enhances the texture of the interior. The materials used are even more generous, and a lot of soft materials, piano paint and stitching techniques are used to create a good sense of luxury.

In terms of configuration, the specific configuration of Han EV has not been announced, but there is no doubt that it will be equipped with the latest generation of DiPilot intelligent driving assistance system and DiLink system. These two systems are BYD’s two major achievements in the field of intelligent driving and intelligent networking, which have always been well received. It is reported that Han EV will have a DiTrainer "coaching mode", which is the first in the industry and has the ability of self-renewal and evolution. It can combine users’ driving habits with driving scenes to improve users’ driving convenience.

In terms of power and endurance, Han EV handed over an excellent answer sheet.

Its maximum power is 363kW, and its peak torque is 680N·m, surpassing Xpeng Motors P7(316kW, 655N·m) and Tesla Model 3 (340 kW, 639 N m), and it has entered the "3-second club" of global production vehicles with a score of 3.9 seconds, while Xpeng Motors P7′ s best acceleration score is only 4.3 seconds.

In terms of battery life, Han EV is equipped with a "blade battery" with high safety and long battery life. The single-motor version of NEDC has a battery life of 605 kilometers and the dual-motor version of NEDC has a battery life of 550 kilometers. No matter which data, it can dispel consumers’ long-term battery life anxiety.

Whether it is design, performance or battery life, Han EV has shown good strength. How much is the price of such a boutique domestic car?

We might as well guess that at present, BYD’s most expensive car in the car field is Qin PRO EV, and its price is between 149,900 and 204,900 yuan. From the positioning and product strength of Han EV, its level and pricing will definitely be higher than Qin Pro EV.

Looking at its competing products, the price range of Xpeng Motors P7 is between 229,900 and 349,900 yuan, and the length, width, height and performance of Han EV are superior to it. From this point of view, its price should be slightly higher than P7.

Although Tesla Model 3 is not an opponent of Han EV in terms of level standards, its attack scope has always been extensive, and it can compete with luxury brands, new forces and traditional car companies, and I believe that many people will choose between it and Tesla Model 3 after the listing of Han EV in the future. At present, Tesla’s pricing is between 29.18-41.98 million yuan. From the perspective of performance, size and battery life, Han EV is better than Model 3, but its brand power is not as good as Tesla’s, and Model 3 is popular. In order to strengthen the competitiveness of Han EV, its price should be lower than Model 3, but the models with medium, high and above may exceed the upgraded version of Model 3 standard endurance rear drive (291,800 yuan).

In summary, the pricing range of Han EV may be 240,000-360,000 yuan.

If it were you, how much would you pay for BYD Han EV?

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[Early know] A new round of large-scale conflict broke out between Palestine and Israel; Main market performance during the long holiday: China’s assets generally rose, and international oil prices fe

abstract

Hot spot focusing

1. The spokesman of the Ministry of Commerce answered a reporter’s question on the inclusion of some China entities in the export control "entity list" by the US Department of Commerce.
A spokesman for the Ministry of Commerce answered a reporter’s question on the inclusion of some China entities in the export control "entity list" by the US Department of Commerce.
A reporter asked: On October 6, 2023, US Eastern Time, the US Department of Commerce announced that some Russian entities were included in the "list of entities" for export control. What is China’s comment on this?
A: China has noticed the relevant situation. In a short time, the United States once again listed some Russian enterprises in the "entity list" of export control on the grounds of so-called involvement in China. The United States has generalized national security, abused export control measures, and arbitrarily imposed unilateral sanctions and "long-arm jurisdiction" on China enterprises. This is a typical act of economic coercion and unilateralism, which China resolutely opposes.
The United States should immediately correct its wrong practices and stop its unreasonable suppression of China enterprises. China will take all necessary measures to resolutely safeguard the legitimate rights and interests of enterprises in China.
2. Shanghai and Shenzhen Stock Exchanges: At this stage, the time for T+0 trading in the A-share market is not mature.
Relevant person in charge of Shanghai and Shenzhen Stock Exchanges answered questions from reporters. Q: Recently, it has been reported from the media that the trading hours of A shares will be extended after the holiday, and T+0 trading will be tried out on some stocks. How do you comment on this? A: We are concerned about the above rumors, and the relevant contents are not true. On August 18th this year, when answering a reporter’s question on activating the capital market and boosting investors’ confidence, the relevant person in charge of the CSRC proposed to study the appropriate extension of the trading hours in the A-share market. This work involves a wide range and has a great influence. The Exchange is conducting in-depth research and demonstration in accordance with the unified deployment of the CSRC. In addition, the relevant person in charge answered the reporter’s question in the early stage and made it clear that the time for T+0 trading in the A-share market at this stage is not mature.
3. Zhejiang Guoxiang IPO Sudden Brake Shanghai Stock Exchange will carry out special verification.
Near the subscription date, Zhejiang Guoxiang (603361)IPO pressed the pause button. The Shanghai Stock Exchange also paid close attention to this matter, saying that it would conduct a special inspection on Zhejiang Guoxiang. On the evening of October 7, Zhejiang Guoxiang announced that due to relevant media reports, in order to effectively protect the interests of investors, the issuer and the lead underwriter decided to suspend the follow-up issuance work until the relevant matters were verified and clarified. The estimated issuance schedule disclosed in the original Announcement on Issuance Arrangements and Preliminary Inquiry will be adjusted. Zhejiang Guoxiang was originally scheduled to purchase on October 9th (T-day) after the National Day. In answering a reporter’s question, the Shanghai Stock Exchange said that recently, there have been media concerns about the existence of the same asset secondary listing and high issuance pricing in Zhejiang Guoxiang. In this regard, the Exchange said that it has paid attention to relevant reports. The relevant information reflected from the media has been paid attention to in the audit and a special inquiry has been made. At present, Zhejiang Guoxiang has suspended the IPO issuance process.
In April and September, the purchasing managers’ index of China’s manufacturing industry was 50.2%, up 0.5 percentage points from last month.
In September, the purchasing managers’ index (PMI) of China’s manufacturing industry was 50.2%, up by 0.5 percentage point from the previous month. After running below 50% for five consecutive months, it returned to the expansion range. At the same time, the index rose for four consecutive months, and the chain-on-chain increase rate continued to expand, indicating that the economic recovery situation is getting better. Among the 21 industries surveyed, the purchasing managers’ index of 11 industries is above the critical point, two more than last month, and the manufacturing boom has expanded.
5. China’s foreign exchange reserves in September were US$ 3,115.1 billion, down US$ 45 billion from the end of August.
According to the statistics of the State Administration of Foreign Exchange, by the end of September 2023, China’s foreign exchange reserves stood at $3,115.1 billion, down by $45 billion or 1.42% from the end of August. In September 2023, influenced by the monetary policies and expectations of major economies, macroeconomic data and other factors, the US dollar index rose and the global financial asset prices generally fell. The scale of foreign exchange reserves decreased in the month due to the combined effects of exchange rate conversion and asset price changes. The overall recovery of China’s economy is improving, and the solid progress of high-quality development is conducive to the continued stability of the scale of foreign exchange reserves.
6. Many data of long holiday travel have exceeded that before the epidemic.
According to the Ministry of Culture and Tourism, during the Mid-Autumn Festival and National Day holidays in 2023, the cultural and tourism industries recovered strongly, and the national holiday market was stable and orderly. According to the data center of the Ministry of Culture and Tourism, during the eight-day Mid-Autumn Festival and National Day holiday, the number of domestic tourists was 826 million, an increase of 71.3% year-on-year according to comparable caliber, and an increase of 4.1% compared with 2019 according to comparable caliber; Domestic tourism revenue reached 753.43 billion yuan, up 129.5% year-on-year according to comparable caliber, and up 1.5% compared with 2019 according to comparable caliber.
7. Passenger Association: It is estimated that the wholesale sales volume of new energy passenger car manufacturers in September will be 830,000, a year-on-year increase of 23%.
The Federation comprehensively estimated that the wholesale sales volume of new energy passenger car manufacturers in September was 830,000, a year-on-year increase of 23% and a quarter-on-quarter increase of 4%. According to preliminary estimates, from January to September this year, 5.92 million vehicles were wholesale, up 36% year-on-year. The Federation predicts that in 2023, the sales volume of new energy passenger cars in China will be 8.5 million, and the sales volume of narrow sense passenger cars will be 23.5 million. The annual penetration rate of new energy vehicles is expected to reach 36%. The current operation state is basically consistent with the forecast.
8. State Administration of Taxation: Departments in charge of official vehicles at all levels should increase the use of new energy vehicles.
From September 26th to 27th, the State Administration of Taxation held a site meeting on the promotion of new energy vehicles and a national symposium on the management of official vehicles in xiong’an new area, Hebei. The meeting stressed that the competent departments of official vehicles at all levels should fully implement the policy requirements for the promotion of new energy vehicles, strengthen coordination with relevant industry authorities, improve supporting measures, and increase the use of new energy vehicles. It is necessary to pay attention to local conditions and classify policies, better coordinate geographical location, power types, urban-rural differences, and vehicle use, and actively and steadily promote the use of new energy vehicles.
9. National Film Bureau: National Day box office was 2.734 billion yuan.
According to the statistics of the National Film Bureau, the total box office of National Day movies in 2023 (from September 29th to October 6th) was 2.734 billion yuan, with 65.1 million people watching movies, and the domestic movie box office was 2.618 billion yuan, accounting for 95.78% of the market. The top five movies in the National Day box office were: Rock Solid, 883 million yuan, and Ex-4: Early Marriage, 6.
10. IATA: In August, air cargo demand increased year-on-year for the first time in 19 months.
On October 8, IATA’s regular data on the global air cargo market in August 2023 showed that the air cargo demand increased year-on-year for the first time in 19 months, with an increase of 1.5% compared with August 2022 according to the freight ton-km. The transportation capacity increased by 12.2% compared with August 2022. The strong growth of transportation capacity is attributed to the 30% year-on-year increase of abdominal cabin transportation capacity. Willie Walsh, president of IATA, said that PMI data is developing in a positive direction, and this signal is even more optimistic as it enters the traditional year-end peak season of air cargo.
11. Shenzhen: By 2025, the proportion of new energy and clean energy power vehicles will reach about 60%.
Shenzhen Municipal People’s Government issued the implementation plan of Shenzhen peak carbon dioxide emissions. Among them, it is proposed to promote the low-carbon transformation of transportation equipment. By 2025, the proportion of new energy and clean energy vehicles will reach about 60%, the number of new energy vehicles in the city will reach about 1.3 million, the number of LNG vehicles will reach more than 20,000, and the number of hydrogen fuel cell vehicles will reach about 2,000. By 2030, the proportion of new energy and clean energy vehicles will reach about 70%, and the number of new energy vehicles in the city will reach about 2 million.
12. Tesla reduces the price of some models in the United States.
On October 6th, Tesla official website showed that Tesla reduced the price of some models in the United States, the price of Model 3 in the United States dropped from $40,240 to $38,990, and the price of Model Y long-life version in the United States dropped from $50,490 to $48,490.
13. Sudden change in the Middle East! The largest armed conflict broke out between Palestine and Israel in years.
On October 7th, local time, the Palestinian Islamic Resistance Movement (Hamas) announced that it would launch a military operation against Israel. It not only fired thousands of rockets, but also its armed personnel entered Israel and clashed with the Israeli army. The Israeli army responded by launching several rounds of air strikes in the Gaza.
14. The US non-farm payrolls data in September far exceeded expectations.
On October 6th, the U.S. Department of Labor announced the changes of non-agricultural employment population and unemployment rate data in September. In September, the number of non-farm employees in the United States increased by 336,000, a sharp increase from the expected 170,000, much higher than the 187,000 in August. This latest data undoubtedly shows the strength of the labor market in the United States, and the number of non-agricultural new jobs exceeding 300,000 is beyond the expectations of all Wall Street institutions. Previously, among large financial institutions, Citigroup gave the highest non-agricultural expectations, but it only added 240,000 people. Investors have more reason to believe that the Fed will maintain high interest rates and even raise interest rates further in the face of high inflation.
15. Major market performance during the long holiday: China’s assets generally rose and international oil prices dropped sharply.
During the A-share holiday, the overseas market represented by the interest rate of US bonds fluctuated obviously, and the global stock market remained volatile as a whole. At the same time, the US dollar index strengthened and the international oil price dropped sharply.
In terms of China’s assets, Hang Seng Index rose by 0.65%, Hang Seng Technology Index rose by 1.01%, Nasdaq China Jinlong Index rose by 0.34%, and A50 Index rose by 0.19%.
In terms of US stocks, the Nasdaq rose 1.74%, the S&P 500 rose 0.2% and the Dow fell 0.77%. In terms of European stocks, Germany’s DAX30 index fell 0.61%, France’s CAC40 index fell 0.79%, and Britain’s FTSE 100 index fell 1.41%. In the Asia-Pacific stock market, the Korean Composite Index fell by 2.29% and the Nikkei 225 Index fell by 2.75%.
In terms of commodities, gold and oil all showed a correction. London gold has been falling for nine trading days since September 25th. During the long holiday, it has fallen by about 2%, and COMEX gold has fallen by 1.84%. In terms of crude oil, NYMEX crude oil fell by 9.8% and ICE oil distribution fell by 9.31%.
16. The Beijing Stock Exchange revised the relevant guidelines and promoted the transfer in a safe and orderly manner.
On October 8, after soliciting opinions from all parties in the market, the Beijing Stock Exchange revised and issued the "Guidelines for Continuous Supervision of Listed Companies of Beijing Stock Exchange No.7-Transfer of Board" (hereinafter referred to as the "Guidelines for Transfer of Board"). According to the experts interviewed, with the official release of the "Transfer Guidelines" of the North Stock Exchange, the transfer listing of the North Stock Exchange will soon enter the practical stage, or it will promote the valuation repair of listed companies in the North Stock Exchange, enhance the liquidity of the secondary market of the North Stock Exchange, and attract more high-quality companies to go public in the North Stock Exchange. The North Stock Exchange said that the transfer mechanism involves the coordinated development of multi-level capital markets. This revision of the Guidelines for Transfer attaches great importance to the protection of investors’ rights and interests, and strives to form an orderly, standardized and normalized transfer arrangement.

Theme opportunity

1. Ask the new M7 to set a new high in a single day. The supply chain is expected to benefit.
According to the official news, the new M7 model of AITO has set a new one-day record during the Mid-Autumn National Day holiday. According to the latest official data, the car reached a "record high" on October 6, with a large number of 7000 vehicles. Since the car was officially listed, the cumulative number of large orders has exceeded 40,000. According to public information, the new M7 in Wenjie is equipped with Huawei ADS 2.0 advanced intelligent driving system, which can realize high-speed and urban intelligent driving without relying on high-precision maps. The new car is equipped with 27 sensing hardware, including 1 overhead lidar, 3 millimeter-wave radars, 11 high-definition visual sensing cameras and 12 ultrasonic radars, which supports parking service and ultra-narrow parking spaces in the park. In 2023, the sales volume of the world was less than expected for a long time, and the new M7 exceeded expectations to raise the market heat. There is room for exceeding expectations in the future, and related supply chains are expected to benefit. Related companies include Demais, Mingke Jingji and so on.
2, artificial intelligence chip track fiery giants set out to launch self-developed products.
According to foreign media reports, Microsoft plans to launch the first chip specially designed to support artificial intelligence (AI) at the Microsoft Ignite conference held in Seattle on November 14th. At the same time, OpenAI, the developer behind ChatGPT, which exploded this year, is exploring the manufacture of its own artificial intelligence (AI) chip and has begun to evaluate a potential acquisition target. It is also known that Amazon and Google have strategically integrated their artificial intelligence chips into their cloud business promotion activities. The analysis pointed out that this wave of AI was set off by ChatGPT, which triggered Chinese and foreign scientific and technological enterprises to pursue big language models and generative AI and an arms race for computing power. With the emergence of more complex and multivariate models, AI chips with high computing power will fully benefit. At present, although the popularity of generative AI and big models has cooled down compared with the beginning of the year, NVIDIA and other giants have given strong performance and future guidance, indicating that the industry is still investing more in the AI field on a large scale and is optimistic about the long-term development trend of AI. Related companies include Tongfu Microelectronics and Haiguang Information.
3. Huawei’s fully liquid-cooled overcharge station went online.
On October 4th, Huawei officially announced that the fully liquid-cooled overcharge station built by Huawei Digital Energy was officially launched in the southern Sichuan-Tibet line and along Litang and Aden highways, with a maximum output of 600kW and a maximum current of 600A, which is known as "one kilometer per second". The success rate of one-time charging is as high as 99%, and the charging range of 200-1000V matches all models, including passenger cars such as Tesla, Tucki, Ideality and commercial vehicles such as Cargo Lala. Liquid-cooled overcharge technology is based on the traditional air cooling technology, which introduces liquid cooling module to realize efficient heat dissipation and temperature control of equipment. At present, domestic brand car companies Weilai (500kW ultra-fast charging), Tucki (480kW single pile), Beiqi (480kW) and FAW (350kW) have all been overcharged, and liquid cooling technology has also become the technical layout direction of overcharge stations. Huaxi Securities said that the feedback of Huawei’s intelligent and electrified layout is good, which is expected to enhance the acceptance of smart platforms, liquid-cooled overcharges and other technologies by domestic consumers.

Company news

1. Evergrande Motor Co., Ltd.: Trading in the company’s shares will resume at 9: 00 am on October 9.
Evergrande Automobile: The company has applied to the Stock Exchange to resume trading in the company’s shares from 9: 00 am on October 9, 2023.
2. North Rare Earth: The transaction price of rare earth concentrate in the fourth quarter was adjusted to 20,536 yuan/ton excluding tax.
North Rare Earth (600111) announced on the evening of October 8, according to the pricing method of rare earth concentrate and the price of rare earth oxide in the third quarter of 2023, the transaction price of rare earth concentrate in the fourth quarter of 2023 was adjusted to 20536 yuan/ton (dry weight, REO=50%) without tax after calculation and approval by the general manager’s office, and the price without tax was increased or decreased by 410.72 yuan for every 1% increase or decrease in REO. The company will re-sign the Rare Earth Concentrate Supply Contract with Baotou Steel, and carry out related transactions of rare earth concentrates according to the newly signed contract.
3. Huayi Brothers: The operating income from "Previous 4: Early Marriage" is about 73.49 million to 95.45 million.
Huayi Brothers (300027) announced on the evening of October 8 that the film "Ex-4: Early Marriage" directed by its subsidiary was released in Chinese mainland on September 28, 2023. According to the data of the National Film Office, as of 24: 00 on October 6, 2023, the film was released in Chinese mainland for 9 days, and the cumulative box office income (that is, the cumulative total box office of the film) was about RMB 710 million (the final settlement data may be slightly wrong), which exceeded 50% of the operating income of the company’s audited consolidated financial statements in the latest fiscal year. As of October 6, 2023, the company’s operating income from the film was about 73.4882 million yuan to 95.4502 million yuan (there may be errors in the final settlement data). At present, the film is still in release.
4. China Eastern Airlines: It plans to purchase 100 C919 aircraft from Comac.
China Eastern Airlines (600115) announced on the evening of September 28th that the company signed the C919 Aircraft Purchase and Sale Agreement with Commercial Aircraft Corporation of China (hereinafter referred to as "Comac") and purchased 100 C919 aircraft from Comac. According to the central parity exchange rate of RMB against the US dollar (1 US dollar to 7.1798 RMB) announced by the People’s Bank of China on the signing date of this transaction agreement, the catalog price of 100 C919 aircraft purchased this time is about 71.08 billion RMB. The above 100 aircraft are scheduled to be delivered to the company in batches from 2024 to 2031.
5. Lotus Health: Xinhua San Information plans to deliver 330 NVIDIA H800GPU series computing servers to Lianhua Kechuang.
Lotus Health (600186) announced on the evening of September 28th that Lotus Kechuang, a wholly-owned subsidiary of the company, signed the Purchase Contract with Xinhua San Information, a subsidiary of Xinhua San Holdings, on September 27th. Both parties confirmed that under this purchase contract, Xinhua San Information delivered 330 NVIDIA H800GPU series computing servers (each server contains 8 GPUs) to Lianhua Kechuang, with a total contract price of 693 million yuan.
6. China Zhongmian Performance Express: The net profit in the first three quarters was 5.199 billion yuan, a year-on-year increase of 12.33%.
China Zhongmian (601888) disclosed the performance report on the evening of October 8: the net profit in the first three quarters was 5.199 billion yuan, up 12.33% year-on-year, and the revenue was 50.84 billion yuan, up 29.14% year-on-year. During the reporting period, the company paid attention to sustainability and pursued a balanced growth of scale and profit. In the first three quarters of 2023, the gross profit margin of the company’s main business continued to recover, which were 28.75%, 32.47% and 34.27% respectively.
7. Tomson Bianjian: The net profit in the first three quarters increased by 25% to 34%.
Tomson Bianjian (300146) announced on the evening of October 8 that the net profit in the first three quarters is expected to be 1.849 billion yuan to 1.979 billion yuan, an increase of 24.77% to 33.55% over the same period of last year. Benefiting from the increase in market demand for many categories of products brought about by the improvement of national health awareness, the company’s domestic and overseas income achieved rapid growth in the first three quarters.
8. Sunrise in the East: The estimated net profit in the first three quarters is 1.2 billion-1.38 billion, with a year-on-year increase of 61%-85%.
Oriental Risheng (300118) released its performance forecast on the evening of September 28th, and it is expected to achieve a profit of RMB 1.2 billion-RMB 1.38 billion in the first three quarters of 2023, an increase of 60.56%-84.65% year-on-year. Benefiting from the expansion of the company’s module production capacity, the increase of the scale of self-supplied batteries and the stabilization of the price of photovoltaic upstream supply chain, compared with the same period of last year, the sales volume of photovoltaic module products of the company increased, the sales gross margin increased, and the corresponding sales profit increased. In addition, this period, the company’s overseas battery component production base began to ship stably, which also had a positive impact on the company’s operating performance.
9. BYD: The sales volume in September was 287,500 units.
BYD (002594) announced on the evening of October 8 that it sold 287,500 vehicles in September, compared with 201,300 vehicles in the same period last year; In September, a total of 28,039 new energy passenger cars were sold overseas. In September, the total installed capacity of power batteries and energy storage batteries of new energy vehicles was about 14.348GWh, and the cumulative installed capacity in 2023 was about 100.931GWh.
10. Zhongding Co., Ltd.: Obtained the project designation of air suspension system products.
Zhongding Co., Ltd. (000887) announced on the evening of October 8 that AMK, a subsidiary company, has become a batch supplier of air supply unit assembly products for air suspension system of a new platform project of a head new energy brand main engine factory in China. The life cycle of this project is 5 years, and the total amount of life cycle is about 1.64 billion yuan.
11. China Chemical: The subsidiary signed a general contract of about 65.05 billion yuan for the chemical complex project of methanol from natural gas.
China Chemical (601117) announced on the evening of October 8 that recently, a wholly-owned subsidiary of the company signed a general contract with Russian Baltic Methanol Co., Ltd. for the chemical complex project of methanol from natural gas. The duration of this contract is 48 months, and the total contract amount is 8.4 billion euros, equivalent to about 65.05 billion yuan.
12. Xu Ji Electric: Pre-bid for the Fifth Equipment Bidding Procurement of State Grid UHV Project.
Xu Ji Electric (000400) announced on the evening of October 8 that the company had won the bid for the fifth equipment bidding procurement of the State Grid UHV project in advance, with an estimated bid amount of 611 million yuan.
13. Commodity City: Signed a strategic cooperation framework agreement with People’s Data, a platform of People’s Daily Online.
Commodity City (600415) announced on the evening of October 8 that the company signed a strategic cooperation framework agreement with People’s Data, a platform of People’s Daily Online, to carry out all-round and multi-level cooperation in data confirmation, data storage, data empowerment and data operation, and establish a long-term, stable and efficient communication mechanism to jointly create a trade data ecosystem.

calendar of finance and economics

Editor: Zhang Qian
Proofreading: Yao Yuan
These, users are watching.
Controversy! Venus commented on the hot search on "Rock Solid"! The box office has reached nearly 500 million, and the main producer is this A-share company.
Where are the institutions going this year? The total number of reception institutions of these hot stocks during the year has exceeded 2,000.
Second listing of the same asset? Suspend the issuance process, special inspection!
Will A shares extend trading hours after the holiday? The Shanghai and Shenzhen Stock Exchanges just responded!
The US Department of Commerce listed 42 China enterprises on the export control list! 753.43 billion yuan, the "Double Festival" consumption report card was released.
That’s outrageous! There is no direct supply to Tesla, and there is no customer sample delivery evaluation! The misleading statement of "4 Lianban" company, the chairman and sister bought accurately on the eve of the daily limit.
通过admin

Geely Raytheon Power DHT was copied from Chery because it was all in third gear? Official: We are different.

Recently, there are rumors that Geely Raytheon Power DHT technology copied Chery and registered the patent first. On August 2nd, the official account of Geely Network False Information Reporting Center issued a clarification, saying that the news on the Internet that "Geely Raytheon Power DHT technology copied Chery and registered the patent first" was seriously inaccurate, and the relevant content was wrongly quoted, which seriously damaged the reputation of Geely brand. The company has collected and fixed relevant evidence and reserved the right to investigate the responsibility of the infringer.

Geely issued a statement as follows:

1. The statement that "Geely hybrid car copied Chery car technology" in the online content is seriously inaccurate.

2. The part about "Geely 3-speed hybrid electric drive DHT Pro patent drawing (CN202120284735.7)" appearing in the network content is not a patent of Geely 3-speed hybrid electric drive DHT Pro scheme, but a patent of other Geely projects.

The domestic patent of Geely DHT Pro scheme (CN201810943518.7) was applied in August 2018 and published in January 2019; International patent (PCT/CN2019/078178) was filed in March 2019 and published in February 2020.

In addition, Geely’s 3-speed hybrid electric drive DHT Pro scheme uses the transmission of double planetary mechanisms+clutch+brake, and adopts two planetary gear mechanisms to realize different transmission ratios in the third gear of the power system, improving fuel economy and accelerating power performance of the power system. The planetary gear mechanisms realize different motion states to provide different transmission ratios through the combination or disengagement of the brake and clutch, which makes the power system not only simple in structure, competitive in cost, but also more adaptable. It is different from the transmission path of the "patent (CN201910360258.5) applied by Chery in 2019" quoted in the false content of the network transmission.

3. The statement that the patent nature of Geely DHT Pro is "utility patent" and "Geely dare not apply for invention patent" is seriously untrue. Geely’s DHT Pro technology has applied for an invention patent in August 2018, and our company has complete intellectual property rights for the patent of the 3-speed hybrid electric drive DHT Pro scheme. The patents of this scheme have been authorized in China, the United States and Japan, and the power products have been mass-produced by the end of 2021. The hybrid models of Xingyue L Raytheon Hi·F and Emgrand L Raytheon Hi·P have been delivered.

It is worth mentioning that this statement is the first statement analogy issued since the establishment of this account, which shows that Geely Automobile attaches importance to its power technology brand Raytheon Power.

According to the "Talk on Automobile Pulling", the reason why Raytheon hybrid technology was plagiarized was because both Geely and Chery hybrid transmissions used three gears, but the difference was that Chery’s hybrid technology Kunpeng e+ was a two-way balanced design structure, while Geely’s hybrid technology Raytheon engine was a planetary gear structure, which was exactly the difference between the two transmission paths mentioned in Geely’s statement. Moreover, Geely’s Lei Shenqing engine supports FOTA upgrade in the later stage, and more functions can be unlocked in the future.

In addition, rumors can’t stand scrutiny in time. Geely’s hybrid technology Lei Shenqing applied for a patent in 2018, while Chery applied for a patent in 2019.

At present, the domestic hybrid market is full of flowers, and each family has its own specialty skills. BYD’s DM-i, Great Wall’s lemon DHT, Geely’s Lei Shenqing Hi·X and Chery’s Kunpeng DHT have all been put on specific models and achieved mass production. Rumors and excuses are not enough to destroy technology, which is stronger, and the real market will give an answer sooner or later.

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Second light! Huawei, suddenly announced

China Fund News reporter Wen Xi

On the morning of April 18th, Huawei Terminal Weibo suddenly announced the "Pioneer Plan" of Pura 70 series, namely Pura 70 Ultra and Pura 70 Pro, which were put on sale at 10:08 on April 18th. On April 22nd, the Pura70 Pro+ and Pura 70 versions were subsequently put on sale.

Huawei Mall APP shows that Pura 70 series has the above four versions, among which Pura 70 Ultra and Pura 70 Pro have been put on sale. The lowest price of Pura 70 Pro is 6,499 yuan, and the highest price of the highest version of Pura 70 Ultra reaches 10,999 yuan.

In addition, the Pura 70 version on sale on April 22 is an entry-level version, and the price shows 5499 yuan.

After the Pura 70 series was released, the share prices of several Huawei concept stocks rose. At the time of writing, Shengyi Electronics rose more than 9%, Anjie Technology rose more than 7%, and Xinwei Communication and Shuobeide also rose.

Sold out in one minute "out of stock"

On the morning of April 18th, Weibo, a Huawei terminal, released a letter to Huawei users before 10 o’clock. In the letter, Huawei terminal mentioned, "On April 18, 2012, HUAWEI Ascend P1 was officially listed, thus opening a new era of intelligent imaging and scientific aesthetics."

Huawei Terminal also said in the letter, "Infinite imagination will take Huawei P series to a new height. The HUAWEI P series has been fully upgraded to HUAWEl Pura, and it will start again with a new attitude. "

Subsequently, Huawei announced the "Pura 70 Series Pioneer Plan", that is, Pura 70 Ultra and Pura 70 Pro went on sale at 10:08 on the same day. A few minutes later, Huawei announced that the Pura70 Pro+ and Pura 70 versions will be on sale at 10:08 on April 22nd.

It is reported that the Pura 70 series is equipped with the new HarmonyOS 4.2. At the same time, the Beidou satellite message was upgraded to support sending picture messages.

It is worth mentioning that AI has become the biggest selling point of Pura 70 series. The whole system supports AI remote control and intelligent payment, and it is also connected to Pangu model, bringing more intelligent applications such as AI elimination and AI cloud enhancement.

At present, according to the official APP, it was put on the shelves at 10: 08, and in less than one minute, many models of Pura 70 series have been "robbed", and the words "temporarily not for sale" or "temporarily out of stock" appeared in succession, and then the system gave the words "sold separately at 16:08".

Just "transformed" three days ago.

On April 15th, Huawei official Weibo released several videos about Huawei P series. Yu Chengdong, managing director of Huawei and CEO of BG, announced that Huawei P series has been officially upgraded to "Huawei Pura".

This also means that the P70 model that has attracted much attention will be renamed as Pura 70, which is also the first product of Pura’s new series.

According to Counterpoint Research data, Huawei returned strongly in the first two weeks of 2024, ranking first in smartphone sales. In the first six weeks of 2024, the overall sales of smartphones in China decreased by 7% year-on-year, but Huawei’s mobile phones increased by 64% year-on-year, ranking second with a market share of 17%.

Among them, Huawei Mate 60 series became one of the few highlights at the beginning of this year. In addition, the data shows that Huawei’s folding screen mobile phone shipments ranked first in the fourth quarter of last year, with a market share of 51.2%.

Guo Ming, a well-known analyst, predicts that the shipment of Huawei P70 series may increase by 230% year-on-year in 2024, reaching 13 million to 15 million units. Even if demand slows down, shipments are expected to increase by 150% year-on-year to 10 million to 12 million units.

Image and AI functions become highlights

Pura 70 series has been widely concerned by the market before it has been "transformed" According to past experience, Huawei P series is generally unveiled at the spring conference in March each year.

The market had expected that the P70 would be released in Shanghai in early April. Some market participants also believe that Huawei will pre-sell P70 in April through the "Pioneer Plan" and other means.

In addition to the release date, the market also made extensive speculation on its performance, function and configuration. Shanghai Securities analyzed in a research report that in terms of performance, all P70 systems support 5G, and there is a new satellite communication technology, and the network will be upgraded to 5.5G.

In terms of images, the P70 Standard Edition will adopt domestic sensors, and all the systems will be equipped with periscope telephoto lenses, which support variable aperture and OIS optical image stabilization technology. In addition, the P70 series has also been upgraded in lens, spin-on filter, microprism, motor and CIS.

In terms of AI, the agency mentioned that the P70 is built with Huawei’s self-developed Pangu model, with AI photography as the core highlight, and the functions of voice assistant, copy generation, picture and video generation can be greatly improved. In addition, the agency also expects that its built-in HarmonyOS OS will bring some features of the HarmonyOS Galaxy version.

Editor: Huang Mei

Audit: Muyu

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Xiaomi SU7 lost an average of 6,800 yuan when selling one.

At the press conference of Xiaomi SU7, Lei Jun said frankly that the sales strategy of this model is to "sell one and lose one".

According to the latest Citigroup report, the estimated delivery volume of SU7 of Xiaomi Group will be between 5,000 and 6,000 units in April, while the annual delivery volume is expected to be about 55,000 to 70,000 units.

At present, the delivery time of Xiaomi SU7 has been as long as 6 months, which has aroused the market’s concern about its production capacity. If the production capacity can’t keep up with the market demand, Xiaomi may face a growth challenge similar to last year’s G6 in Tucki. It is estimated that for every SU7 sold by Xiaomi in 2024, it will lose an average of 6 800 yuan, and the whole car-making business is expected to lose as much as 4.1 billion yuan.

However, some bloggers broke the news that the production capacity of Xiaomi SU7 began to increase this week. It is estimated that the daily production capacity will increase to more than 400 units, and the monthly output will directly jump to 12,000 units. This is undoubtedly a positive signal for SU7, a high-positioning model.

Looking into the future, it is predicted that by April 2024, Xiaomi SU7 is expected to rank among the top three in the pure electric car market with a price of over 200,000 yuan in China.

Lei Jun mentioned in his previous speech: "Our original standard version was priced at 229,000 yuan, while the top version was priced at 350,000 yuan. However, considering the price reduction strategies of other car companies, we decided to adopt a more sincere pricing strategy. Therefore, the standard version is priced 30,000 yuan lower than Tesla Model 3, while the Max version is priced at 299,000 yuan. "

For this report, Xu Jieyun, Special Assistant to the Chairman of Xiaomi Group and Deputy General Manager of China Marketing Department, quickly responded at the Weibo, saying that there may be a big deviation in this information.