Chang ‘an family welcomes new members!

The official price range is 84,900-99,900, and the top gasoline version is 3,000 yuan more expensive. From now until April 30, the car purchase fund and state subsidy can be superimposed, and the price range after benefit is 56,900-65,900.

The new car continues the gasoline version design, equipped with a 1.5L plug-in hybrid power system, with a minimum fuel consumption of 4.21L per 100 kilometers and a maximum comprehensive battery life of 1300km.

Yidong PHEV car is equipped with a 10.25-inch LCD instrument and a 13.2-inch vertical central control panel. The traditional electronic gear lever of gasoline version is changed into a pocket gear, and it is equipped with Xunfeiyu OS car system. Provide 540-degree panoramic image, lane departure warning, parking space memory, sentry mode, etc.

Standard endurance

Long battery life

Yidong PHEV is equipped with a 1.5L engine and two kinds of motors, with the fastest acceleration of 6.8s；; Matching 9.07kWh and 18.4kWh battery packs, the pure battery life under WLTC conditions is 53km and 115km respectively, and the fuel consumption per 100 km is 4.21L and 4.26L respectively.

　　Xinhua News Agency, Beijing, April 20 (Reporter Ni Yuanjin) The Beijing Meteorological Bureau reported on the 20th that due to the influence of strong cold air, the Beijing area ushered in a strong wind and cooling process on the night of the 19th, accompanied by dusty weather. A blue warning signal of strong wind was issued, and the temperature dropped significantly. It is expected that this round of weather process will end on the 21st.

　　Du Jia, chief forecaster of Beijing Meteorological Observatory, said that during the day of 20th, there were 4 or 5 northerly winds and 7 or 8 gusts in Beijing. By the afternoon of 21st, there were still 3 or 4 southerly winds with 6 gusts. Affected by the upstream dust transportation and local strong winds, the dust weather began to affect Beijing on the night of the 19th, and the visibility dropped to 2-6 kilometers at the lowest.

　　The windy weather also brought about a significant drop in temperature. "The maximum temperature dropped by 10℃ to 12℃ in 48 hours. From the 20 th to the 21 ST, the highest temperature in Beijing during the day dropped to 15 C to 21 C, and the lowest temperature at night was 8 C to 12 C. " Du Jia said.

　　Sandstorm weather is divided into floating dust, sand blowing, sandstorm, strong sandstorm, extra-strong sandstorm and other different categories according to factors such as whether dust and sand on the ground are blowing and horizontal visibility. According to the Meteorological Propaganda and Science Popularization Center of China Meteorological Bureau, three conditions need to be met to form a sandstorm. First, the strong wind as the power source; Second, as the material basis, the dust source; Third, the unstable air conditions that make the dust roll higher.

　　Why do you feel windy and dusty this spring? Du Jia said that statistics show that the temperature rose rapidly in the spring of March, and the sand source areas in the north began to thaw, but there was less precipitation. At the same time, cold air activities in the north were still frequent and windy weather was frequent.

　　According to the news of China Meteorological Bureau, from 19th to 20th, due to the influence of cold air and strong wind, there were sandstorms or floating dust in southern Xinjiang basin and east, most of Inner Mongolia, Gansu, Ningxia, northwestern Shaanxi, northwestern Shanxi, northern Hebei, northern Beijing, central and western Liaoning, central and western Jilin and central and western Heilongjiang. Among them, there were sandstorms in parts of southern Xinjiang basin, western Inner Mongolia and Hexi Gansu, and there were strong sandstorms locally.

　　The meteorological department reminds that when windy and dusty weather occurs, you should stay away from tall buildings, billboards and temporary structures, and beware of falling objects. The elderly, children and people with respiratory allergic diseases should try their best to go out, and outdoor activities need to wear masks for protection.

　 　 1905 movie network news Last weekend (05.13-05.15), the total revenue of the North American market was $129 million, down 45.9% from the previous week. Continue to strongly boost the popularity of the film market. This week, it pocketed $72.56 million, and the local total box office reached $295 million, and the global box office reached $940 million. It is expected that it will become the first film of the year to break through 1 billion by the end of this week, surpassing the top box office champion in 2016.

　 　 In terms of new films, the theme of financial crimes was unveiled, and it won $15 million in the first week. Although it was driven by the personal charm of George Clooney and Julia Roberts, Jodie Foster’s directing skills were obviously lacking, and he was criticized by many North American film critics, and he was moderate in evaluation, not surprised or unhappy. In contrast, the low-cost thriller Darkness has been deftly played with a small blog, and the box office of $5.18 million in the first week has been recovered. Although the inferior CG has also been criticized to pieces, it has at least made a steady profit.

The director of "Money Monster" was approved to be incompetent, and the box office of "Darkness" has returned to its original book in the first week.

Recommended star rating of Money Monster: ★★★★

Recommended star rating for Darkness: ★

Stills of the movie "Money Monster"

　 　 Sony’s "Money Monster" was the only new film opened in more than 3,000 theaters last week, which just happened to hit the Cannes Film Festival, which was in full swing, and it was also shown in advance at the festival to make enough warm-up. Money Monster cost $28 million, and took away $15 million in the first week. Directed by Jodie Foster at the helm, George Clooney and Julia Roberts compete on the same stage. Through the sudden hijacking in the live TV program, the unknown side of the dark financial operation is cut open layer by layer.

　 　 At present, the IMDb score is 6.7, the media score is 56, and the freshness of rotten tomatoes is 55%. The evaluation of Variety is more objective: "As an accusation against the cunning Wall Street. It is actually very weak; As a pure thriller, it only makes people’s heart beat faster once or twice from beginning to end; The central mystery eventually degenerated into mediocrity. But I don’t know why these pieced together movies are actually quite good. " The Guardian believes: "There is no master classic here. Let’s treat it as an amiable popcorn movie." "Hollywood Reporter" pointed out that Jodie Foster was unable to do this directing job: "Foster has no skill or talent in creating tension. Her style is strict and efficient, but she lacks the ability to be naughty and create surprises, so she can’t tell stories in an imaginative way." Although the evaluation is relatively mediocre, it is good that the similar competition of this kind of "adult drama" was weak in May, and at present, it is a bit funny and scary for Universal and Warner.

　 　 Another newly-developed film, Darkness, opened in 1755 cinemas last week. This is the second time that the publisher The BH Tilt has tried to release a horror film with a large-scale release. Their last film was. This time, "Darkness" opened a cinema that was carefully selected to cater to the audience who love horror movies. The total investment of the whole film is about $4 million, and the publicity cost is negligible (even the money for advertising is not willing to give up), so that the distributor can win the box office of $5.18 million in the first week, and the distributor has already achieved great success. Last year’s "Green Hell" only earned $3.5 million in the first week of its release, and the final box office was $7.2 million. If the trend of "Dark" is similar to that of "Green Hell", the final box office is expected to exceed $10 million.

　 　 The current IMDb score of Darkness is 4.3, the media score is 30, and the freshness of rotten tomatoes is 28%. The Guardian denounced: "This can’t be called a play at all. It’s just a big fool. The scene has no authenticity and sense of integration at all. It must be for the convenience of shoddy CG ghosts wandering around and bumping into doors and windows." Variety commented: "Maclyn must have thought he was filming, right? Unfortunately, the fusion of these strange psychological dramas and supernatural gimmicks has pulled him away. "

Captain America: Civil War will win the 2016 global box office championship and be released in a small scale.

Stills of the movie Lobster

　 　 Iron Man in the movie can’t beat the American team, and its box office record continues to be surpassed by the American team outside the movie. Captain America: Civil War, who consistently topped the list, made persistent efforts to swallow $72.563 million at the box office last week, down 59.4% from the previous week. This next week’s box office performance ranked second in American film history, surpassing 72.525 million US dollars. The film’s decline in the next week was lower than the first 61%, but higher than the first 58%. In ten days, Captain America: Civil War’s local record was $295 million. Compare the decline of 50% in the next week, and the total record in ten days is $374 million; Last year, the decline rate in the second week was 59.4%, and the total record in ten days was 313 million US dollars. Back in 2013, "Iron Man 3" fell by 56.4% in the second week, with a total record of $284 million in 10 days. Although the painting will be opened soon, it is believed that it will not greatly affect the box office trend in Captain America: Civil War, and the final domestic box office in North America is expected to be between 424 million and 434 million dollars.

　 　 In terms of overseas box office, Captain America: Civil War took away another $156 million last week, and now its overseas box office is $645 million, of which the China market dropped by 67% in the next week, contributing a total of $155 million to Captain America: Civil War. At present, Captain America: Civil War’s global box office is 940 million US dollars, ranking 33rd in the global film history. It is expected that by the end of this week, it will surpass Zootopia’s 968 million global box office and become the global box office champion in 2016, and it is also expected to become the first film to break 1 billion. Disney’s good news continues this year. At present, the box office in North America, overseas and the world has exceeded $1 billion, $2 billion and $3 billion respectively.

　 　 Last week, the movie Lobster, which was a hit in last year’s film festival, was released in a small scale in four cinemas, earning $47,000 in a single day on Friday and $188,000 in a total box office in three days on weekends. At present, the overseas box office of the film has pocketed 6.1 million US dollars, and a wider range of paintings will be opened on May 27th. "Lobster" is a rare successful case, and it was also an eye-catching film in last year’s film festival. After the platform was opened, it all went silent.

This week’s preview: Angry Birds, Neighborhood Wars 2: The Rise of Sisterhood, and Good Detective.

　 　 This week (05.20-05.22), Angry Birds, Neighbors Wars 2: The Rise of Sisterhood, and Good Detective will be opened in North America. From the Beijing Film Festival to the Cannes Film Festival, Angry Birds has recently become a must-have concave tool for the red carpet. Going out to eat a bus such as McDonald’s will be brainwashed by Angry Birds. Now it’s finally time to pull the grass — — Angry Birds, a 3D animated movie, will be opened in China and the United States simultaneously this Friday (May 20th). The film is produced by Rovio, a world-renowned entertainment company, with an investment of more than 73 million US dollars. It is adapted from a classic game, giving the audience a distinctive character, and will present an "egg fight" for the invasion and anti-invasion of "Angry Birds" and "Green Pigs". North America, released by Sony Pictures, will open in more than 3,700 theaters this Friday.

　 　 Universal Pictures’ Neighborhood Wars 2: The Rise of Sisterhood actually opened paintings in 16 overseas regions in North America last weekend, but the first week’s box office was only $9 million, which was moderate. The first is the dark horse in the North American film market in 2014, which finally won the global box office of 270 million US dollars at a cost of 18 million US dollars. This time, the young couple Logan and Byrne in "Neighborhood Wars 2: The Rise of Sisterhood" have encountered a terrorist problem — — The new neighbors, girls headed by Selena Gomez, smoke and drink all day, have parties and organize sorority activities. After many useless negotiations, Rogan decided to invite Zac Efron, the president of the Demon Brotherhood, a foreign aid, to fight in a group. The two men, from the enemy of the previous film to the good friends of this film, joined hands against the "sisterhood" neighbors.

　 　 If you haven’t enjoyed the Wall Street crime of Financial Monster, there will be Good Detective to save it this week. This is a crime comedy directed by shane black and co-starring Ryan Gosling and russell crowe. The film is set in Los Angeles in the 1970s. Private detective Holland played by Ryan Gosling and lame thug Jackson are intertwined because of the disappearance of a girl and the suicide of a third-class porn star. Unexpectedly, with the deepening of the investigation, the two found themselves involved in a conspiracy. The film, released by Warner Bros., will open in more than 2,800 theaters this Friday.

Special feature of 1905 film network After sleeping for 178 days, China Cinema finally woke up on July 20th.As early as three days ago, at 5: 40 p.m. on July 17th, the first ticket for the national cinema after the awakening of the China movie "Dragon" was sold at the first time when the pre-sale was opened — — Here’s the ticket.

Coincidentally, Nezha, a little hero of the country who is "my life depends on me", is the epitome of millions of filmmakers who have persisted since they experienced the epidemic and natural disasters; This memorable movie ticket is just enough to prove — — A filmmaker is his own hero; When last year’s box office champion met the first ticket of this year, it seemed to indicate the good color of China’s film to climb the peak again … …

On the other hand, it was no accident that Ne Zha broke the box office record in China last year. In fact, China animated films, like the lotus flower in midsummer, have entered the Nezha era.

In midsummer, Huolian, a group of teenagers who are dizzy with "magic children coming to the world"

Many people’s first impression of Nezha as a child comes from Prince Nezha in the 86th edition of The Journey to the West. However, his charm is greatly reduced under the aura of the protagonist of the Westward Journey Quartet, and his play is not even as good as Hong Haier, who is more like Nezha itself.

Four years later, in the TV series "The List of Gods", Nezha, with a handsome appearance, finally became one of the protagonists, and even the ending song of the TV series was a theme song of Nezha.

But in fact, the real animated image of Nezha came out as early as 1961. In the landmark works of China animation jointly directed by Wan Laiming and Tang Cheng of Shanghai Animation Film Studio, the image of Nezha with traditional artistic color appeared on the big screen as one of the Monkey King’s strong rivals.

The China animation classic, which is as famous as "Making a scene in Heaven", is the first large-scale color wide-screen animated feature film in 1979, in which young Nezha’s rebellious spirit against patriarchy is touching. For many years, the scene of Nezha, a teenager, whose eyes are bright and his eyes are white, beating snow, and committing suicide with a sword in a storm as dark as night is still vivid. This profound tragic artistic conception has disappeared with the aging and commercialization of Chinese cartoons.

In the following decades, the two twin peaks in China’s animation film history, "Making a scene in Heaven" and "Making a scene in the sea", once encountered the dilemma of "no one came after", and Nezha’s image (even the animation images related to it) has never made a leap forward. Although this eye-catching Chun-Li version of Nezha once appeared, it is still the commercial core of patchwork and reproduction.

The "Nezha shortage" was not solved until last year. In other words, last year was the real animation "Nezha Year". Needless to say, Ne Zha broke the box office of 5 billion yuan, and needless to say, the plot that pierced the heart and the special effects of bursting, just the successful rewriting of the inhuman break between father and son in the original book is enough to reflect the times tentacles and innovative consciousness of contemporary China animation creators.

In the same year, the image of Nezha, a teenager, reappeared in the excellent works of word of mouth, and his "unhappy" personality and Xiao Hei’s "mindless" style were full of comedy effects.

At the same time, the film, which was produced by director Evonne and the original team for four years, has also been completed. The film was shortlisted in the "WIP(Work in Progress)" unit of the 2020 French Anxi International Animation Film Festival, and it is expected to meet the audience this summer. Judging from the released materials at present, it should be a Cyberpunk-style Nezha animated film.

Last week, Ma Boyong’s realistic fantasy novel also released a batch of conceptual design drawings, and the steampunk Nezha story combining traditional bazaar with future technology was also expected.

At this point, we can announce that the "Nezha era" of China animation has quietly arrived with the lotus flower in midsummer. Both Ne Zha’s reasonable rewriting of classic legends and the sci-fi imagination of Nezha’s future in Rebirth of Nezha and The Legend of Nezha, Dragon and Subway are creative excavations of Nezha’s potential as a "treasure boy", which will surely inspire China animators with more creative combinations and inspiration paths.

More importantly, from the classic "What’s Noisy about the Sea" to the creative version of Ne Zha, the reason why it can truly become a landmark work is not the technological progress from 2D to 3D, but the fullness of the characters and the touching plot. Whether it is a young hero who "cuts the flesh and returns the bones to his mother" or a young hero who is resigned to my fate, Nezha’s image is the most vivid reflection of the times, and he is self-forbearing.

At the same time, the image of Nezha is essentially a rebellious teenager and an innocent child. The portrayal of this image has always been a weak link in China animation and even China movies. Starting with Nezha, a mythical juvenile image, we can not only give full play to the imagination of animators, but also fully display the features of contemporary children in freer animation creation, thus laying a good foundation for the juvenile images of China animation and China movies.

On the other hand, the "Nezha Era" of China’s animation is exactly the "Great Sage Era".

The Golden Monkey Rise and the Self-rescue Initiated by the Return of the Great Sage

The book was connected to the last time. Just as the peaks of two Chinese cartoons, The Heavenly Palace and What’s the Sea, have been difficult to surpass for more than 30 years, in 2015, it was born. When 3D technology met oriental aesthetics, when Hollywood road film structure collided with China fairy tales, it was necessary to save yourself before saving the world, and a "Great Sage" who returned with China animation was born.

In fact, the image of the Monkey King is not only the most distinctive imprint of China, but also one of the earliest animated images of China. As early as 1941, the vivid the Monkey King appeared in China’s first animated feature film directed by China animation master Wan Brothers, which absorbed the characteristics of the plastic arts of China opera and became more vivid and interesting.

After that, the novel "Make a scene in Heaven", which was also manipulated by the Wan brothers, highlighted the Monkey King’s fearless spirit and character of struggle through the story of making a scene against the Dragon Palace and the Heaven, which was of great significance for the times. This image of the Great Sage, inspired by traditional Chinese opera, has influenced several generations of China animators in succession, and even the last classic animation of the last century, Lotus Lantern, has followed this image.

The real image breakthrough is undoubtedly the long-faced monkey in The Return of the Great Sage — — Of course, it’s not just its shape. Its biggest breakthrough lies in the complex and humanized character shaping. As the saying goes, "One mind becomes a demon, and one mind becomes a Buddha", we finally see the Monkey King, who is the most like a "human" with both magical and Buddhist moods, sharing the dual characteristics of cowardice and bravery, and undertaking the dual tasks of saving people and saving themselves, thus truly breaking the imprisonment of traditional mythological images, allowing the Monkey King’s mission of fighting against heaven and earth to return to people’s hearts, and self-rescue has become a spiritual dilemma faced by the Monkey King and the audience at the same time, and the Great Sage has further become himself reflected by the audience in the mirror of the screen.

At the same time, the success of The Return of the Great Sage also puts forward high requirements for its sequel — — At present, its sequel has released an ink poster, and it is believed that oriental aesthetics and animation special effects will collide with each other more brilliantly after five years. The story should be a prequel to The Return of the Great Sage 500 years ago, and what breakthroughs will be made in the image of Nezha as the opponent of the Great Sage, which is undoubtedly a chapter worthy of special writing by the creator.

It is not difficult to see that the two eras of "Great Sage" and "Nezha" of China animation in the new century, which started in 2015, just correspond to the two peaks of "Making a scene in Heaven" and "What makes a scene in the sea" from the early 1960s to the late 1970s. Under the same character prototype and story framework, it is the role-building and connotation innovation that is closer to the present life and responds to the call of the times. The re-reflection of history has never brought about standing still, but ".

Looking ahead, who will open the next era after Nezha? The phrase "Jiang Ziya, do you know the crime?" It seems that the answer has been given. The half-year delay due to the epidemic has undoubtedly made too many fans look forward to it, and the retaliatory movie-watching consumption brought by this repression will surely become a signal that the next era will come early.

Judging from the bitter expression on the previously released poster, Jiang Ziya in the film is nothing more than a middle-aged man in the double dilemma of saving the whole life and saving himself — — Just as Dasheng, who returned in 2015, is the representative of the "middle-aged crisis" of domestic animation heroes, this will form a double-track domestic animation narrative line for middle-aged and teenagers together with Nezha, a rebellious young man who is "my fate depends on my nature", and go hand in hand in the endless treasure jar of traditional myths and the oriental aesthetics that is independent of the world.

1905 movie network news　Creation and sharing of explosive animation films, birth and growth of classic animation IP, technological innovation of post-production of films … On December 18th, 2019, China (Foshan) Greater Bay Area Kung Fu Film Week held a forum on digital technology and development of kung fu animation films to discuss the development of animation films in China from the aspects of creation, talents, industry and technology.

The film is an important masterpiece of animation films in China this year. After the film was released in the summer, it set off an upsurge of watching movies by the whole people, and finally created a box office of 4.973 billion yuan, becoming the second place in the total box office of China film history at present. Why can Nezha be so popular? At the forum, producer Liu Wenzhang shared the creative process of this film from the aspects of topic selection, script creation, art design, action design, visual effects and post-industrialization of film and television.

Liu Wenzhang revealed that they chose to adapt the fairy tale "Nezha" because they wanted to express the theme of "breaking stereotypes and being the best", which is also the core spirit of their small-scale production team. Before entering the script creation, they took the image subversion and story reversal as the adaptation breakthrough, and also made an audience and market evaluation, hoping to expand the audience’s age.

The script of "Nezha" has gone through 66 editions, but Liu Wenzhang thinks that this number is not too much, because the script has not been reinvented since the first edition was confirmed, and the details have been revised in the general direction. In the script stage, he won’t let director jiaozi consider the cost and cycle, but hopes that he can let his imagination fly and devote himself to creation. "Once he enters industrial production, he can’t change the script and ideas."

The characters in the film were designed with reference to other Hollywood animations, and then they combined with the local characteristics of China to design hundreds of versions of Nezha, Ao Bing and other images. In order to enrich the details of the character image and achieve the effect of people-friendliness, it took them about one year to complete the design from two-dimensional to three-dimensional Liu Wenzhang said that "Nezha" is also an action film, because they absorbed a lot of elements of China’s traditional kung fu when designing martial arts scenes, and referred to many real martial arts films.

According to producer Liu Wenzhang, the success of Nezha is inseparable from two elements: an attractive story and excellent production. Based on the creative experience of "Nezha", he thinks that the future development of animation films in China must be dominated by content creation, and creators should also find out what they are good at expressing.

The development of animation films in China is also inseparable from excellent animation IP, among which phenomenal animation film and television works such as Pleasant Goat and Big Big Big Wolf and Bear Haunted are the representatives. At the forum, Huang Weiming, the general director of Pleasant Goat and Big Big Wolf and the "father of Pleasant Goat", also shared the creative path of Pleasant Goat as an animation IP.

"The market is constantly changing, and the outlet is constantly changing, but the only constant is the content." Huang Weiming thinks that the secret of Pleasant Goat and Big Big Wolf becoming evergreen national IP in the past 15 years lies in insisting that content is king. From 2009 to 2015, they made seven big movies "Pleasant Goat and Big Big Big Wolf" in a row, and then stopped updating one movie every year because they wanted to slow down, innovate and optimize the content production and create fine products. He revealed that the big movie Pleasant Goat and Big Big Wolf will meet the audience in the future.

It is a key film that has been discussed and studied by the domestic film industry continuously this year. As a new benchmark of science fiction films in China, a large number of visual effects in the film also show a new level of technology in the industry. The visual effects of many blockbusters, such as The Wandering Earth, come from the well-known visual effects company PIXOMONDO. Huang Canzhou, the creative director of the company, introduced the overall workflow of visual effects at the forum, from creativity and development to asset design, lens design, visual preview and virtual production, and discussed how visual development can promote film and television production.

Huang Canzhou said that the visual effect workflow he showed was to tell more people in the industry how to control costs and time through industrialization. Whether it is the overall development of China animation or China movies, technology has never been the first, and the core driving force is to tell the story of Chinese well based on the story.

　　Cctv newsRecently, the network police in Songyang County, Zhejiang Province destroyed a criminal gang that built a live webcast platform and made huge profits by spreading obscene videos and organizing online gambling, and smashed four live broadcast platforms involving pornography and gambling.

　　During the daily inspection, the network police brigade of Songyang County Public Security Bureau found that a QQ group often posted some suspicious links to the APP webcast platform, and opened these links, which contained a lot of pornographic and vulgar information.

　　The police investigation found that there are many live broadcast rooms on these webcasting platforms, and the anchors in each live broadcast room have different contents, but most of them involve obscene pornographic information or online gambling, so as to attract people to join in and make profits by gifts and rewards. At the same time, these anchors have to further divide these gains with the behind-the-scenes bosses of the live broadcast room and network platform.

　　Songyang police immediately set up a task force to gradually find out that these live broadcast platforms were manipulated by a well-organized criminal gang. The task force moved to Zhejiang, Heilongjiang, Jiangsu and other cities, and finally successfully captured 16 suspects, including Liu and Wang, the backbone members of this gang. At the same time, it smashed four live broadcast platforms involving pornography and gambling and frozen more than 5 million yuan involved.

　　More than 90 gang members built a live broadcast platform for Mouli.

　　After investigation by the police, this criminal gang has built and operated five live broadcast platforms, some of which are operated by the gang itself, attracting netizens to recharge with vulgar content such as obscene and pornographic performances. The other part of the live broadcast room is directly rented out by criminal gangs, manipulated by gambling gangs, and set up a game on the mobile phone live broadcast platform for online gambling.

　　According to preliminary statistics, since the launch of the live broadcast platform built by this criminal gang, the profit of only spreading harmful information such as obscene videos has reached more than 10 million yuan. During the trial, the police found that the members of the gang are generally post-90 s, and their business is mainly through posting links on various network platforms, QQ groups and WeChat groups.

　　The four live broadcast platforms they built have more than 600,000 registered members, and each platform has an average of more than 100,000 registered members, and a large part of them are teenagers.

　　At present, 10 main members of criminal gangs have been arrested according to law, and the case is under further investigation.

　　This Spring Festival, Tan Zhu noticed such a set of data:

　　On New Year’s Eve, with the ringing of the bell at zero o’clock, the Internet Clearing Company and China UnionPay handled the whole industry online payment transaction.Reach peak value, the maximum concurrency is109,000 pens per secondCompared with last year.Increase by 4.61%, ChuangA record high in the same period.

　　If we look at the time longer, from New Year’s Eve to New Year’s Eve, online payment transactions also achieved rapid growth. The industry-wide online payment handled a total of 15.38 billion transactions, amounting to 7.74 trillion yuan, up 15.8% and 10.1% respectively.

　　The Spring Festival holiday is coming, and the work of the new year has just begun. What can we find from some hot phenomena of the Spring Festival and the data of the previous two months?

　　The online payment data during the Spring Festival can reflect the degree of consumption activity to some extent. However, some people will say that the data during the Spring Festival is only a case and does not represent a long-term trend.

　　If you want to look at it based on the data of the recent period, it may involve an indicator, that is,Narrow money (M1).

　　Narrow money (M1) generally refers to the sum of cash in circulation and demand deposits of commercial banks, which can be directly converted intoPurchasing power funds.

　　According to the data of the People’s Bank of China, the balance of narrow money (M1) in January was year-on-year.Increase by 5.9%, the growth rate at the end of last month.4.6 percentage points higher.

　　In this way, money that can be more directly converted into purchasing power is inincreaseYes. But to explain whether the money is spent or not, we need to introduce more dimensions.Broad money (M2).

　　Broad money (M2) is the sum of narrow money (M1) and time deposits of commercial banks. Generally speaking, if the M2-M1 scissors are different.reduceIt means that there is a signal that the activity of micro-subjects has increased and residents’ consumption and corporate investment decisions have become more positive. This in itself can be regarded asMarket confidence recoveryA sign of.

　　At the end of January, the balance of broad money (M2) was year-on-year.Increase by 8.7%. Calculated, M2-M1 scissors difference is2.8%Compared with the end of last month.8.4%Significantly narrowed.

　　Specific to the consumption scene, Tan Zhu noticed that this year’s Spring Festival has a new phenomenon that is particularly striking — — Green products and services such as low-carbon travel are popular.

　　An important reason is that in 2023, China’s automobile sales exceeded 30 million, of which the sales of new energy vehicles accounted for nearly one third. This Spring Festival, many car owners experienced Spring Festival travel rush for the first time. Correspondingly, the need for charging has become particularly prominent.

　　Tan Zhu noticed that from the early years to the third day of the New Year, the cumulative charging amount of new energy vehicles on the national highways was reached by charging piles.49.9 million kwh.There is a doorway to how much it costs to charge the electricity.

　　In fact, in the peak period, flat peak period and trough period, the charging cost is different. In some places, the difference between charging 1 kWh during peak period and trough period isAbout 1 yuan. As consumers, everyone wants to charge during the low power consumption period. To achieve this goal, all charging piles need to be digitally and intelligently managed.

　　This point has now been initially realized.

　　At present, there are alreadyMore than 1 million charging pilesAccess to the smart car networking platform of the State Grid. Through this platform, it is not only convenient to check all the charging stations on the national highways, but also convenient to control the power of charging piles according to the electricity demand in different regions, so as to promote the peak load cutting and valley filling.

　　According to the plan of our country, the pilot cities participating in the interactive demonstration of vehicle network should strive toIn 2025, more than 60% of the charged electricity will be concentrated in the low valley..

　　During the Spring Festival, many people travel long distances, whether traveling or visiting relatives, using electric vehicles. Such a large amount of electricity for travel is a test of intelligent infrastructure. After such a test, the scenes of long-distance travel by electric vehicles in the future are not limited to traveling and visiting relatives.

　　In fact, whether it is a charging pile or a 5G base station that helps the charging pile realize network interconnection, it has long been a key area of new infrastructure, and these investments have made it today.Digital, intelligent and greenThe consumption scene.

　　What’s the significance of this new way of traveling to China’s economy?

　　Take the hot tourism during the Spring Festival as an example. Low cost and convenient travel have promoted tourism consumption. On the basis of January, the tourism consumption data in February will definitely be further improved, and this change will be reflected in the well-known consumer price index (CPI).

　　However, the data of CPI itself has been used to criticize China’s economy in the past year or two.

　　Not long ago, the National Bureau of Statistics released monthly data for January, including consumer price index (CPI)There was a year-on-year decline.. Many foreign media use the consumer price index (CPI) as the "biggest decline" in 15 years to show that China’s economy has fallen into "price decline — A vicious circle of reduced consumption.

　　So how should we view the recent price fluctuations?

　　Jin Ruiting, an economic expert close to the National Development and Reform Commission, shared a concept with Tan Zhu.Staggered moon effect. CPI in January this yearDecline year-on-yearMainly due to the "wrong month effect" of the Spring Festival.

　　Because January last year coincided with the Spring Festival, the drive to consumption was more obvious, which made the base of the year-on-year data in January this year originally relatively high and was released during the Spring Festival.consumer demandIt will not be reflected in the data of January this year.

　　If we disassemble the structure of CPI again, this "wrong month effect" factor will become more obvious.

　　The statistical survey of consumer prices by the National Bureau of Statistics covers food, alcohol, tobacco, clothing, housing, daily necessities and services, transportation and communication, education, culture and entertainment, medical care and other supplies and services consumed by urban and rural residents throughout the country.8 categories, 268Prices of basic categories of goods and services.

　　The year-on-year decline in January was mainly concentrated infoodThis category, due to the food price.seasonal variationOften larger, the gap between holidays and non-holidays will be very obvious.

　　But in addition to food, in fact,Prices of industrial consumer goods and servicesAre maintained atmoderateriseInterval.

　　In the CPI data statistics, the National Bureau of Statistics will also specifically calculate the amount after deducting food and energy.Core CPITo better measure.Long-term price trend. In January, after deducting food and energy, the core CPI dataThe increase is equivalent to the average level of the same period in the past decade..

　　Further analysis, compared with the year-on-year data, CPI ring-on-ring data can more intuitively reflect theShort-term trend.

　　January CPI dataUp 0.3% from the previous monthIn the short term, it is also in a reasonableModerate rising range.

　　Relevant professionals told Tan Zhu that when looking at the CPI data in January, we should also consider the decline in pork prices.Periodic factorAnd the decline in oil prices.Input factor. In addition, we should also consider the disturbance factors of traffic breakdown. With the peak in Spring Festival travel rush in February, it is expected that the CPI will also change.

　　Any data should be placed intrend, only has the meaning of interpretation.

　　Looking at the cycle of the past year, the overall CPI data of China is still inPositive intervalOverall, it showed a moderate increase and did not fall into a continuous decline.

　　China’s CPI data, regardless of horizontal ratio, vertical view, or disassembly, areUnable to inferThe so-called "overall decline in prices" trend.

　　The so-called "price drop — The vicious circle of consumption reduction is even moreDidn’t appear. Per capita consumption expenditure of consumers in China in 2023Increase by 9%, the national per capita service consumption expenditure growth.14.4%.

　　On the whole, China’s domestic demand will be there throughout 2023.Recover graduallyAmong them.

　　In 2023, the total retail sales of consumer goods in China reached47.1 trillion yuanScale of investment in fixed assets50.3 trillion yuanThe contribution rate of domestic demand to economic growth has reached111.4%, higher than last year.25.3 percentage points.

　　Since the CPI data of China is generally stable, why are there always some voices saying things with this indicator?

　　Analysis of some American and Western media reports on the fluctuation of CPI data in China this year shows that the main conclusion it points to isChina’s economy is in deflation..

　　Jin Ruiting has a persistent concern about the concept of "deflation". He mentioned that in the definition of western economics, there are usually several indicators to judge whether an economy is in "deflation":

　　｜｜First, the overall price level has declined.

　　｜｜Second, the money supply has decreased.

　　｜｜Third, with the economic recession.

　　Usually, these three phenomena appear at the same time, and it is judged that there has been "deflation". But according to the above, in China, these three situations arenon-existent.

　　Since the "deflation" mentioned by these foreign media is not a definition that conforms to economic logic, what is the purpose of choosing the concept of "deflation" to continuously shape China’s economy?

　　Tan Zhu extracted the theme of foreign media reports on China’s economic "deflation" since 2023, among which a technical term — —"balance sheet recession".

　　This is the foreign media’s "deflation" in the past year.Mention togetherA new word, but the word itself has appeared for many years.

　　Going forward, it goes back to the 1990 s. At that time, the debt backlog caused by the bursting of Japan’s economic bubble made Japanese people and enterprises tighten their wallets, even if the bank interest rate dropped to zero, they could not get interest.I just want to save money or pay my debts first.Not to mention spending money on consumption and investment.

　　Faced with this phenomenon, economist Gu Chaoming put forward the concept of "balance sheet recession" after Japan’s economic bubble burst, describing the residents andEnterprises are insolvent, and they only save and don’t spend.— — "Insufficient demand" toextremeA state of being.

　　In this state, a country’s central bank’s macro policies, such as lowering interest rates or increasing money supply, will almost be ineffective and can only be adopted.Structural reform of the economic systemIt is possible to get rid of such a situation.

　　Relevant professionals told Mr. Tan that the significance of discussing "deflation" is not its definition, but what really matters is.Policy implications behind different definitions.

　　This is exactly whatRecognize the narrative of "deflation"The core of.

　　Now foreign media apply the concept of "balance sheet recession" and "deflation" to China’s economy. An important purpose is to ask China to follow the "prescription" prescribed by the United States and the WestTransform one’s own economy, especially want to use the so-called "lessons" to tell China:

　　China’s economic model is not good and must be changed — — Don’t waste time on long-term transformation and upgrading unless you take immediate action."Water release" to stimulate the economyOtherwise, it will follow Japan’s footsteps.

　　However, more than one economic expert who has studied the concept of "balance sheet recession" has mentioned it to Tan Zhu.There are huge differences between China and Japan, and related concepts cannot be directly applied..

　　At present, there are three factors in China’s economy that do not meet many important characteristics of "balance sheet recession":

　　｜｜China’s economy is still there.Maintain recovery growth, did not fall into recession;

　　｜｜Total credit and social financingStill keep growing;

　　｜｜The government’s debt ratio is still atSafety level.

　　So how should we understand China’s logic of adjusting its own economic operation rhythm?

　　Dong Yu, a Tsinghua University scholar who has participated in many five-year plans, has learned from oneA longer-term perspectiveMade a review.

　　Historically, China has also experienced similar data fluctuations before, one of which is 2012-2016, during which another indicator to measure the price level is the industrial producer ex-factory price index (PPI).Negative for 54 consecutive months, the lowest-5.9%, but CPI is still positive.

　　After this happened, China didn’t choose to "throw money" directly. Dong Yu told Master Tan that the way China took wasSupply-side structural reform.

　　Specifically, we corrected the price signal and realized PPI by reducing the cost of the real economy and accelerating the cultivation of high-tech industries and strategic emerging industries.From negative to positive.

　　We didn’t choose to treat a headache, but exerted our strength on the supply side.Transition to high-quality development. This way may not be the fastest, but the problem can be solved for a long time.

　　This transformation effort is reflected in the field of money and finance, that is,Quality improvement and optimization of credit supply structure.

　　Since 2018,Pratt & Whitney Small and Micro Loans, Medium-and Long-term Loans for Manufacturing Industry, and Green LoansThe constant growth rate continued to be higher than the growth rate of all loans, while the growth of traditional kinetic energy loans such as real estate and local financing platforms slowed down and the proportion gradually declined.

　　Financial institutions continue to increase their support for major strategies, key areas and weak links.Supply-side structural reform matching the production end.

　　In recent years, we can feel that the country has been emphasizing.Support the real economy and technological innovation.

　　This kind of support is to form production capacity and products that meet the development direction and market demand, and to give consideration to both the present and the long-term, create long-term effects through investment, and achieve a high-level balance between demand pulling supply and supply creating demand.

　　Because of this, we can see that investment is constantly shifting to strategic emerging industries.

　　In 2023, central enterprises completed the investment in strategic emerging industries.2.2 trillion yuan, year-on-year growth32.1%。

　　The investment in new energy has increased over the same period last year.34%.

　　Matching with it, we have seen that the investment direction of green, intelligent and digital is changing into a new consumption trend that pursues green health, scientific and technological intelligence and diverse personality.

　　After reading these analyses, let’s recall the "argument" that sings down China’s economy. No matter whether it is "having money and not spending it" or the so-called "deflation" in China’s economy, it can’t be.Fact levelStand still.

　　becauseRarely go deepUnderstand China, so it will appear that after seeing the fluctuation of individual indicators,"Listening to the wind is rain"The situation.

　　What we have to do isIn wind and rain these mansions would stand like mountains high, is staring at the goal, at the problem, continue to take your own path, continue to do your own thing. No matter how high the mountain is, if you climb it, you will always reach the top; No matter how long the road is, if you go on, you will definitely arrive!

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() The operating comments of the Board of Directors in 2023 are as follows:

　　I. Industry situation of the company during the reporting period

　　(1) Industry situation

　　In 2023, the global economic growth slowed down, and the world economic recovery remained uncertain. At the same time, 2023 is also the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China. China’s economic recovery is improving, and high-quality development has been solidly promoted. Although there are still unfavorable factors such as insufficient effective demand and weak social expectations, the favorable conditions for China’s development are stronger than the unfavorable factors, and the basic trend of economic recovery is good and long-term. With the gradual recovery of the economy and the further release of consumer demand, the high-quality development of the automobile industry has achieved new results, and the scale of production and sales has continued to expand throughout the year, achieving double-digit growth year-on-year, which has effectively boosted domestic economic growth. The details of the industry during the reporting period are as follows:

　　In 2023, the cumulative production and sales of China automobile industry exceeded 30 million, and the sales volume reached 30.094 million, up 12.0% year-on-year. In the whole year, the market sales volume showed a trend of low before and high after, fluctuating upward, and the competition pattern of the automobile industry continued to intensify.

　　In terms of market segments, the cumulative sales volume of passenger cars reached 26.063 million, up 10.6% year-on-year; The cumulative sales volume of commercial vehicles reached 4.031 million units, up 22.1% year-on-year, much better than the industry as a whole, and the recovery momentum was obvious.

　　The new energy vehicle market performed brilliantly and continued to maintain a strong growth momentum. In 2023, the sales volume of new energy vehicles reached 9.495 million, a year-on-year increase of 37.9%. From the perspective of market segments, with the continuous efforts of the supply side and the marginal impact of the growth of EV models during the year, the sales volume of XEV in narrow passenger cars increased by 4.3 percentage points year-on-year, and the growth rate was significantly higher than that of EV models. The main share of new energy narrow sense passenger car market is still dominated by China brand, and China brand supports 80% of it. Judging from the sales ranking of new energy narrow sense passenger car group, compared with 2022, the market structure has changed. In the EV sector, the share of industry-leading enterprises has increased year-on-year, and the concentration has further increased; In the XEV plate, with the continuous influx of new entrants, the share of head enterprises has become loose, and the share has been gradually eroded by later enterprises, and the existing market structure may be further reconstructed.

　　Automobile exports have reached a new level. The annual automobile exports exceeded 4.9 million, which contributed significantly to the overall growth of the market. Among them, the export of new energy vehicles exceeded 1.2 million, a year-on-year increase of over 70%. Most of the top ten enterprise groups in export sales have achieved double-digit and above year-on-year growth; At the same time, the sales concentration of the top ten enterprise groups in the industry decreased by 3.9 percentage points year-on-year. As more and more enterprises accelerate to go out to sea, the export market structure may further change.

　　(B) Enterprise market performance

　　In 2023, in the face of the complicated and severe external environment and increasingly fierce market competition, Changan Automobile thoroughly studied and implemented the spirit of the 20th Party Congress, comprehensively implemented the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, and firmly promoted the "Third Entrepreneurship-Innovation Entrepreneurship Plan" and the "Three Major Plans" (namely, the new energy Shangri-La Plan, the intelligent Beidou Tian Shu Plan, and the global "All Rivers Meet" Plan). In 2023, the sales volume reached 2.553 million vehicles, an increase of 8.8% year-on-year. The company’s new energy and export sales performance was excellent, among which its own brand new energy sold 474,000 vehicles, an increase of 74.8% year-on-year. It exported 358,000 vehicles, up 43.9% year-on-year.

　　(3) Industrial policies

　　On July 20, 2023, the National Development and Reform Commission and other 13 departments issued "Several Measures on Promoting Automobile Consumption", including optimizing automobile purchase restriction management policies, supporting the renewal and consumption of old cars, accelerating the cultivation of the used car market, strengthening the construction of supporting facilities for new energy vehicles, focusing on improving the carrying capacity of rural power grids, reducing the purchase and use costs of new energy vehicles, promoting the purchase of new energy vehicles in the public sector, strengthening automobile consumption financial services, encouraging automobile enterprises to develop economical and practical models, and continuously alleviating the problem of parking difficulties.

　　(four) the main regulatory requirements

　　1. Market access

　　Intelligent networked automobile is the strategic direction of the development of automobile industry, and the state attaches great importance to the technological innovation and popularization and application of intelligent networked automobile. On November 17, 2023, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Housing and Urban-Rural Development and the Ministry of Transport jointly issued the Notice on Launching the Pilot Work of Intelligent Networked Vehicles Access and Road Access, and Changan Automobile is conducting a pilot declaration, and the declaration plan has been submitted to the national administrative department.

　　2. Standard requirements

　　All models of the company are developed and manufactured in strict accordance with the requirements of national laws and regulations, and the products of the company meet the requirements of laws and regulations. For the new standards that have been implemented, Changan Automobile has completed the product upgrade and switching according to the time requirements, including the standards in 2023:

　　(1)GB 17675-2021 "Basic Requirements for Automobile Steering System" was issued in February 2021, and it will be implemented on January 1, 2022 for the newly applied vehicle type approval, and on January 1, 2023 for the vehicle type approval. The standard stipulates the terminology definition, technical requirements and test methods of automobile steering system, and adds the requirements that the electrical control of steering system should meet electromagnetic compatibility, functional safety, failure alarm and so on.

　　(2)GB 39732-2020 "Automobile Event Data Recording System" was released in December 2020. For the newly applied vehicle type approval, it should meet the requirements of this standard except the B-level elements and Article 4.4 from January 1, 2022, and all the requirements should be met from January 1, 2024. This standard mainly stipulates the terms and definitions, technical requirements, test methods, appearance and identification of the automobile event data recording system.

　　(3)GB 19578-2021 "Fuel Consumption Limits for Passenger Cars" was issued in February 2021, and it will be implemented for vehicles with type approval from January 1, 2023. The standard mainly stipulates the fuel consumption limit requirements based on the kerb quality of passenger cars under WLTC cycle conditions.

　　(4)GB 9656-2021 "Technical Specification for Motor Vehicle Glass Safety" was issued in April 2021. Since January 1, 2023, the glass of the newly applied type approval vehicle should meet the requirements of vision safety, strength safety and damage safety.

　　(5)GB 16897-2022 "Structure, Performance Requirements and Test Methods of Brake Hose" was issued in August 2022, and it will be implemented on January 1, 2023 for the newly applied vehicle type approval, and on July 1, 2023 for the vehicle type approved. The standard mainly adds requirements such as rapid tensile strength of hydraulic brake hose and bending fatigue of pneumatic brake hose.

　　(6)GB 15084-2022 "Performance and Installation Requirements of Indirect Vision Devices for Motor Vehicles" was issued in December 2022, and the standard mainly added relevant requirements such as the use of electronic rearview mirrors and borderless endoscopes. The standard was implemented on July 1, 2023 for newly applied vehicle types.

　　(7)GB18352.6-2016 "Limits and Measurement Methods of Pollutant Emission from Light Vehicles (China Phase VI)" was issued in December 2016, which stipulated the requirements of type inspection, production conformity and in-use conformity inspection of pollutant emission from light vehicles in Phase VI and the determination method. From July 1st, 2023, all light-duty vehicles sold and registered shall meet the requirements of this standard, in which Type I test shall meet the requirements of the limit value of stage 6b and Type II test (RDE) shall meet the requirements of the limit value. On May 8, 2023, the Ministry of Ecology and Environment, the Ministry of Industry and Information Technology, the Ministry of Commerce, the General Administration of Customs and the General Administration of Market Supervision jointly issued the "Announcement on Relevant Matters Concerning the Implementation of the National Six Emission Standards for Automobiles", allowing some light-duty automobile models with the results of the actual driving pollutant emission test (RDE test) to be sold until December 31, 2023.

　　(8)GB 4785-2019 "Regulations on Installation of External Lighting and Light Signaling Devices for Automobiles and Trailers" was issued in December 2019. Since July 1, 2023, the low beam lights should be automatically turned on or off according to the standard requirements and the environmental conditions for the newly applied vehicle type approval.

　　II. Main businesses of the Company during the reporting period

　　The company belongs to the automobile manufacturing industry, and its main business covers the R&D, manufacturing and sales of complete vehicles and the R&D and production of engines. At the same time, the company actively develops new businesses such as mobile travel, car life service, new marketing and power exchange service, and accelerates the exploration of industrial finance, used cars and other fields to build a more comprehensive industrial ecology.

　　Our company has always adhered to the mission of "leading automobile civilization to benefit human life", firmly promoted Changan Automobile’s "Third Entrepreneurship-Innovation and Entrepreneurship Plan", accelerated the transformation to an intelligent low-carbon travel technology company, and moved forward to a world-class automobile brand. The company actively develops intelligent networked new energy vehicles, and builds five independent automobile brands, namely Aouita, Deep Blue Automobile, Changan Qiyuan, Changan Gravitation and Changan Kaicheng, to promote the electrification transformation of independent brands; At the same time, the joint venture companies Changan Ford and Changan Mazda produce and sell joint venture brand models. In the field of traditional fuel vehicles, the company has launched a series of classic self-owned brand models including CS series, Yidong series and UNI series. The joint venture has many well-known products, such as Sharp L, Explorer, a new generation of Mondeo, a new generation of navigator, adventurer, Zephyr, CX-50, CX-5, Angkeira and so on. In the field of new energy, Aouita 11, Aouita 12, Deep Blue SL03, Deep Blue S7, Qiyuan A07, Lumin and other new energy vehicles have been built, which are well received by the market and loved by consumers.

　　The company adopts the business model of "paying equal attention to independence and joint venture", and carries out entity operations on its independent automobile brand businesses such as Changan Gravitation, Changan Qiyuan, Deep Blue Automobile and Changan Kaicheng, and firmly builds independent classic brands; Conduct investment control on joint ventures such as Changan Ford and Changan Mazda, and continuously deepen mutual trust and cooperation with partners.

　　(I) Main operating conditions of the company in 2023

　　1. Firmly guide the strategy and make solid progress in strategic transformation.

　　In 2023, Changan Automobile joined hands with its partners to pay close attention to the strategic landing. The new energy "Shangri-La" plan has leapt to a new level, and the innovative construction has formed the layout of three smart electric brands, namely Aouita, Deep Blue Automobile and Changan Qiyuan, laying a brand foundation for future global competition; Actively optimize the industrial layout, explore the in-depth cooperation of the whole battery industry chain, and formally put into production with the joint venture company-Time Changan Power Battery Co., Ltd. jointly established by (), with a designed production capacity of 30GWh and an automation rate of over 95%. The intelligent "Beidou Tian Shu" plan made a new breakthrough, continued to build a "new car and new ecology", and held the third scientific and technological ecology conference. The first digital smart new car CD701 equipped with SDA platform architecture was officially unveiled, and the central+regional ring network architecture entered the vehicle integration verification stage, opening a new era of digital smart cars; Signed the Memorandum of Investment Cooperation with Huawei, which will accelerate the construction of a complete, independent and leading full-stack intelligent vehicle capability for the intelligent era. New progress has been made in the globalization "All rivers run into the sea" plan, and the globalization "All rivers run into the sea" plan has been officially released; Established five major business divisions in the world, and DEEPAL S07 and DEEPAL L07 were officially launched in Thailand, opening a new journey into the Southeast Asian market; Construction of production base in Thailand started, and global production layout entered a new stage.

　　2. Adhere to innovation drive, and key core achievements are constantly emerging.

　　In 2023, Changan Automobile launched a total of 29 products, including 7 brand-new products, and the product pedigree was continuously improved. Aouita 12 was launched in the world at Munich Auto Show, and it broke through 20,000 vehicles in the first month of listing. The average order price exceeded 350,000 yuan, and it has gradually stabilized the high-end market; Deep Blue S7 was launched with the latest generation of CTP battery integration technology. In the 2023 Qinghai Lake (International) Electric Vehicle Challenge, it won the best endurance in six groups, with an average monthly sales of over 5,000 units. Changan Qiyuan A07 and Q05 have been released one after another, and the product categories are more abundant; Changan Hunter, the world’s first super extended-range pickup truck, was officially launched, causing widespread concern. The core technology of new energy has been continuously mastered, and the company has released a brand-new self-developed battery brand Changan "Golden Bell Hood". Changan battery uses high-standard new heat insulation materials, and its heat insulation performance is better than the industry level; Time Changan’s first standard battery product officially went offline, and its manufacturing technology and battery performance are at the advanced level in the industry. With 4C fast charging technology, it takes only 10 minutes to charge the battery from 20% to 80%. The company introduced industry-leading technologies such as micronucleus high-frequency pulse heating, new generation battery integration and new efficient thermal management. The achievements of intelligent technology continue to be realized. NID3.0+APA7.0 worry-free pilot technology (namely, pilot intelligent driving assistance and remote parking service) is equipped with deep blue double-car mass production, which helps Deep Blue SL03 win the gold medal in the 2023 World Intelligent Driving Challenge; Successfully approved L3 autopilot test licenses for 17 expressways, becoming the earliest enterprise with the largest number of test licenses in a single batch;The State Key Laboratory of Intelligent Vehicle Safety Technology was approved for operation, which promoted the research of high-value technologies such as intelligent driving safety and high-safety on-board chips.

　　3. adhere to the user-centered and product-oriented principle, and quickly carry out market response actions.

　　Actively invest marketing resources to cope with industry competition, and launch the "Changan Billion Huimin Car Purchase Season" to ensure the overall stability of Changan automobile industry. Innovate and revitalize the stock market in the traditional power market to achieve a strong market segment. Changan Automobile ranks first in China brand passenger cars (retail), and CS75PLUS series sells more than 190,000 vehicles, ranking at the forefront of the market segment; Yidong PLUS sales exceeded 160,000 units, ranking first in retail market segment; UNI-V sales exceeded 156,000 vehicles, and the average monthly sales volume remained above 12,000 vehicles. Rapid efforts have been made in the new energy market, and the annual sales volume of deep blue double cars exceeded 128,000, among which deep blue SL03 won the "2023 Product Design Award" from German Red Dot; Changan Qiyuan listed three new cars within two months, which set an industry record. After three months’ listing, the cumulative sales volume reached 40,000 vehicles, which quickly occupied the digital Zhixin automobile track. The annual sales volume of Changan Lumin, a national boutique scooter, exceeded 144,000, ranking in the forefront of the market segment. The global spread of brand has gradually exerted its strength, and joined hands with Xinhua News Agency to launch the "Belt and Road Global Tour" to show the world the new business card of "China Zhizao" and enhance the brand’s international influence. Promote the reform of marketing system, further promote the development model of thousands of channels, implement the reform of "three centers" marketing model, build more than 4,000 new order, delivery and service centers throughout the year, form more than 9,000 global sales and service outlets, have nearly 120,000 professional service personnel, and win the first place in the independent brand of China Sales and Service Satisfaction (SSI) of J.D.Power2023.

　　4. Adhere to win-win cooperation and innovate hand in hand with partners.

　　Continue to deepen joint venture and cooperation, set up Changan Ford New Energy Automobile Technology Co., Ltd., and the first strategic product CX810 was promoted in an orderly manner; Cooperate with Mazda in J90A, J90K and other vehicle projects, and the scope of cooperation continues to extend. Established Chongqing Long-term Intelligent Technology Co., Ltd. with Horizon, signed strategic cooperation agreements with 15 partners such as Huawei, Tencent, SMIC and (), and carried out strategic cooperation with more than 30 head enterprises such as Contemporary Amperex Technology Co., Limited, () and Baidu, focusing on high-value technology research, and making every effort to build core competitiveness in the field of new energy and intelligence.

　　(2) Heavy products listed in 2023

　　Aouita 12, jointly built by Changan Automobile, Huawei and Contemporary Amperex Technology Co., Limited, is positioned as a "future smart luxury car", which is the second model built by CHN’s new generation of smart electric vehicle technology platform. Adopt "future aesthetics" design, unique in shape and extremely elegant. It comes standard with three laser radars, equipped with HUAWEIADS2.0 advanced intelligent driver assistance system and HarmonyOS cockpit based on HarmonyOS4.

　　Aouita 12

　　Deep blue S7 is the first SUV based on EPA1 all-electric digital platform. It is equipped with a super extended range system with pure electric drive, long battery life and low energy consumption, and has a 190kW ultra-high power Force super collector drive. CLTC has a pure battery life of up to 200 kilometers and a comprehensive mileage of up to 1,120 kilometers. It has scientific and technological sports modeling, full-roof floodlight combination and yacht-style embracing design, and relies on Qualcomm 8155 chip to build a smart ecosystem including programmable intelligent interactive lights, smart cockpit, front double-zero gravity seats, AR-HUD, 15.6-inch sunflower screen and co-pilot extrasensory smart screen.

　　Deep blue S7

　　Deep blue SL03i

　　Deep Blue SL03i, the first mass-produced high-class smart car of Deep Blue Automobile. It has dynamic vehicle design, leading intelligent technology and strong rear drive control. Equipped with NID pilot intelligent driving assistance and APA remote parking service, it is powerful in sensing detection, data calculation and parking space identification, with 35 sensing components, high-precision sub-meter positioning system and full-scene driving assistance. At the same time, a full-sensory digital cockpit is built, with high-efficiency voice interaction, AR-HUD, 14.6-inch sunflower screen and other technological configurations to meet the needs of young people in various car scenes.

　　Chang ‘an Qiyuan A07 is positioned as a "medium-and-large-scale advanced digital intelligent administrative vehicle", offering pure electric and extended-range models. Adopting the aesthetics of lighting design, equipped with high-efficiency digital intelligent electric drive, the highest power is 190kW, the peak torque is 320N-m, and the electric drive efficiency is as high as 95%. The whole system comes standard with L2 IACC intelligent navigation system and iBC digital battery management system. It has 33 digital and intelligent standards, such as borderless door, electric hatchback tailgate, 4-door electronic internal opening, 8155 high-performance chip and 540 full-field image.

　　2023 Changan UNI-V

　　Changan Qiyuan A05, positioning "Digital Intelligence AI Electric Drive Super Provincial Family Car". The front face with a bionic smile and a hidden door handle are fashionable and pleasing to the eye. The whole system comes standard with 13.2-inch high-definition touch control panel, L2 IACC integrated adaptive cruise system and 540 high-definition panoramic image. Equipped with Changan Qiyuan Digital Intelligence AI electric drive, 1.5L high-efficiency blue whale hybrid engine, iEM intelligent energy management mode and IP67 high-strength protective battery, it is fully qualified for diversified family car scenes in the digital intelligence era.

　　Changan Qiyuan Q05 is the first plug-in hybrid SUV under Changan Qiyuan. The exterior is designed by tidal current inductance, and the interior is designed by "Sailing". It has a smart cockpit, as well as intelligent configurations such as 540 high-definition panoramic images, steep slope vision assistance, APA5.0 and L2 intelligent assisted driving system. It is equipped with "China Heart" top ten engine and hybrid system in 2023-Chang ‘an Qiyuan Digital Intelligence AI electric drive system, with "super long battery life and ultra-low energy consumption", with the longest pure battery life of 125km and comprehensive battery life of 1,215km.

　　The 2023 Changan UNI-V is positioned as the "future aesthetic sports coupe". Equipped with 2.0T+8AT and 1.5T+7DCT blue whale power, it brings consumers a full () experience with wider performance matching space and more delicate power output; UNI-V Zhidian iDD is equipped with a blue whale NE1.5T hybrid engine with a maximum power of 125kW and a peak torque of 260 N-m. The comprehensive maximum torque of the system can reach 590N-m, the maximum wheel end torque can reach 4,470N-m, and the zero acceleration time is only 6.5 seconds, which has a strong explosive force. Changan UNI-V injects new vitality into the A+ class car market with comprehensive and advanced wisdom technology and sports aesthetics.

　　The 2024 Changan UNI-K is a medium and large SUV that combines luxury, comfort and intelligence. Externally, it has a wide and comfortable interior with fashionable technology, a brand-new wingspan quilting with exquisite sports, and 64-color stepless adjustment of front and rear row atmosphere lights, showing a sense of high-class; In terms of power, the power combination of Blue Whale’s new generation of 2.0T+8AT provides a strong power output and a smooth shifting experience.

　　2024 Changan UNI-K

　　The third-generation CS55PLUS has achieved "100,000-class home-enjoyed boutique SUV" with good face value, good fuel economy, good intelligence and good quality, adding upward momentum to the CS55 series. The whole system is equipped with blue whale NE1.5T engine, L2 intelligent assisted driving system, steep slope vision assistance function, 540 HD panoramic image and other practical intelligent configurations, which are more practical and intimate.

　　Third generation CS55PLUS

　　The third generation CS75PLUS is positioned as "tomorrow’s car". The whole system comes standard with Aisin 8AT transmission, which provides two power options, namely, the NE1.5T engine of Blue Whale and the 2.0T engine of Blue Whale. At the same time, it has four driving modes, Normal/ECO/Sport/ custom, to create a more personalized driving experience.

　　Third generation CS75PLUS

　　Long and comfortable, positioning "compact family car". Adopting a brand-new design language, matching with the front grille with digital source code, digital cursor LED light group, hidden door handle and other shapes, it is equipped with a new generation NE1.5T high-pressure direct injection engine of Blue Whale +7-speed wet powershift, 540 HD panoramic image, IMS/DMS intelligent cockpit monitoring system, super-large intelligent interactive dual screen and other configurations, and is committed to bringing users a comfortable, considerate and high-quality car experience.

　　Chang an yi da

　　Chang ‘an Explorer-Exploratory Edition, positioning "sports off-road pickup truck". With 2.0T Blue Whale power, ZF 8AT gearbox, Bogwarner four-wheel drive system, five free driving modes, and equipped with high-performance off-road suspension, all-terrain locking system, 18-inch all-terrain off-road tires, 800mm high wading hose, 14,000 pounds electric winch and 2.5 tons towing qualification, it will realize the desired pickup life for users who are brave in exploration and full of love.

　　(3) Key models to be launched in 2024.

　　In 2024, the company will launch a variety of new and redesigned products, including 8 new energy products, to accelerate the transformation to intelligent low-carbon travel technology companies.

　　1. Strengthen the new energy pedigree and build a digital intelligent new car. In 2024, eight brand-new products such as E07, C798, Deep Blue G318 and Aouita 15 will be launched, and brand-new modified products such as Changan Qiyuan A07, Deep Blue SL03 and Deep Blue S7 will be listed one after another, further strengthening Changan’s new energy market position. E07 locates medium and large-sized digital smart new cars, equipped with brand-new SDA platform, and provides users with the third outdoor mobile space with variable body shape, leading intelligent driving and intelligent service; C798 sets a new benchmark for intelligent leapfrog of medium and large SUVs, and creates digital intelligent products with leapfrog intelligence, leapfrog space, leading comfort and leading electric drive to meet the needs of mainstream home users; Deep blue G318 locates a hard-core compact SUV, focusing on tough modeling, intelligent driving, intelligent interaction and intelligent ecology to meet the differentiated and intelligent needs of young users; Aouita 15 is positioned as a high-end multi-person intelligent electric vehicle, with forward-looking design, changeable smart space and full-scene intelligent driving as its selling points to meet the full-scene travel needs of high-end intelligent electric vehicle users.

　　2. The fuel vehicle products are solid, new and stable, and achieve one of the best market segments. In 2024, Changan fuel vehicle focused on the core market, and IP products were completely renewed to create explosive products. The company will launch five new Huan products, including C928 and Yidong Sequence. Focusing on the two labels of "Blue Whale Power" and "Intelligent Driving as Standard", the company will further strengthen its competitive lead and consolidate its market position in fuel vehicles. C928 positioning compact classic SUV adopts brand-new design, second-generation blue whale power and standard intelligent driving to provide users with "good-looking, easy-driving, energy-saving" quality and efficient travel tools.

　　2. Production capacity: In 2023, the designed production capacity was 2.14 million vehicles, and the capacity utilization rate reached 87.31%. In the past three years, the backward production capacity of 630,000 vehicles and 990,000 engines has been shut down and transferred, and the production capacity of 570,000 intelligent networked vehicles and new energy vehicles has been upgraded, and 210,000 sets of new energy battery PACK, 450,000 sets of electric drives and 300,000 sets of electronic control production capacity have been newly built, and the production structure has been gradually adjusted to new energy.

　　Reasons for the year-on-year change of more than 30%

　　The sales volume in overseas areas increased by over 30% year-on-year, mainly due to the following reasons: First, China automobile enterprises pay more and more attention to the development of overseas markets, and speed up the layout of "going out to sea" one after another; Second, in recent years, China brand represented by Changan Automobile has gradually established a competitive advantage in the fields of new energy and intelligence, and its comprehensive strength has been significantly enhanced; Third, the large-scale export of new energy vehicles has boosted the overall export.

　　Construction of parts supporting system

　　The main models of Changan Automobile are CS series, UNI series, Aouita, Deep Blue Automobile, Changan Qiyuan, etc. The matching of spare parts adopts the combination of self-made production and external procurement. The key parts, such as the seven-in-one electric drive assembly of Changan’s new generation super collector drive (the first in the industry, with 163 patents), are independently developed by the company. Through self-made, the cost can be effectively controlled, and the quality control of key parts can be strengthened. There are more than 800 partners of Changan Automobile, cooperating with international and domestic first-class parts enterprises, such as Huawei Autopilot, Intelligent Cockpit, Contemporary Amperex Technology Co., Limited New Energy Battery, Chongqing Qingshan Industry 7-speed Wet powershift, Wutong Car Association TINNOVE Intelligent System, etc., and establishing mutual trust, transparency and cooperation with partners, focusing on "best product", "lowest cost", "most flexible" and "most iron relationship".

　　Solidly improve the capability of supplier system. More than 1,322 people have studied QCA (Changan Automobile Supplier Quality Capability Evaluation System) series courses. In 2023, 72 QCA certification audits, 87 supplier laboratory accreditation and 114 on-site evaluation of manufacturing process capabilities have been completed, quality capability evaluation strategies have been established, and hierarchical management has been implemented to continuously promote the improvement of suppliers’ quality management capabilities.

　　Third, the core competitiveness analysis

　　1. Technological research and development capabilities. The company has always insisted on leading high-quality development with scientific and technological innovation. By creating the dual-drive capability of scientific and technological innovation of "user demand+technological innovation", it has achieved the leading position in many technology industries and the first mass production, and further enhanced its independent innovation capability. In the field of new energy technology, the first standard battery product of Changan "Golden Bell Hood" was officially launched, and it was equipped with many cutting-edge technologies such as "fast ion ring graphite" and "ultra-high conductivity electrolyte". The "Golden Bell Hood" battery has been installed in many products of Changan Qiyuan and Deep Blue Automobile; Force Super Collector Drive and Zhidian iDD Electric Drive Transmission were awarded the honors of "Top Ten Electric Drives in the World", "Top Ten Power Systems for New Energy Vehicles" and "Top Ten Hybrid Power Systems in the World". The key technology of hydrogen fuel engine has achieved phased results again, and the second generation hydrogen engine has successfully ignited. In the field of intelligence, the first digital smart new car with SDA platform architecture as the label made its debut; Breakthrough APA7.0 remote parking service, NID3.0 pilot intelligent driving assistance, end-to-cloud integrated communication, display enhancement and other technologies, and some technologies have been mass-produced. By December 2023, the company had 9,322 patents at home and abroad, including 2,704 invention patents. In the evaluation of National Enterprise Technology Center, R&D strength ranked first in the industry in the past 14 years.

　　2. Product definition ability. The company insists on taking users as the center and innovation as the driving force to build a world-class product definition capability system. Under the background of diversified needs of users and intensified market changes, the product definition business breaks the traditional rules, and reconstructs the product definition capability system through subversion and leap-forward innovation, helping the product definition to be faster, more accurate and more ruthless. Optimize users’ research insight, adopt innovative immersive research methods, tap users’ hidden needs, and ensure accurate insight into users’ needs; Optimize product definition ability, continuously optimize and promote EMD scenario definition, create high-value differentiated scenarios, and add software service definitions to create unified, iterative and profitable platform-based software service products, so as to ensure victory through differences in homogenization competition. In 2023, the company’s key products performed well, the sales of fuel vehicle products of Changan Gravitation brand exceeded one million, and CS75 series and Yidong series performed well in their respective market segments of traditional power. The new energy products are growing rapidly, and the growth rate exceeds that of the industry. The key products, Deep Blue SL03, Deep Blue S7 and Qiyuan A07, are favored by the market, and the new products will increase rapidly as soon as they are launched. The company will continue to focus on the user experience, focus on the core scenes, seize the window period of smart new cars, and accelerate the strategic goal of electrification transformation.

　　3. Global layout ability. The company released the global "All rivers run into the sea" plan, and pressed the "acceleration button" of Changan Automobile to go to sea. The annual overseas export sales volume reached 358,000 vehicles, a year-on-year increase of 43.9%. The company has defined its overseas development goals, established a global development layout, and established five regional business divisions, and the overseas layout is improving day by day. Held a brand launch conference in Southeast Asia, and DEEPAL officially entered Thailand, radiating the world and opening a new chapter in expanding the global market; Build the first overseas production base-Changan Automobile Thailand manufacturing base to truly realize localized operation; In Saudi Arabia, Chile, Mexico and other countries, the market sales rank among the top brands in China. In the future, the company will integrate resources, speed up going out to sea, accelerate the construction of the five major global markets and channels, further enhance its overseas market capabilities, and strive to provide excellent scientific and technological products and the ultimate service experience for global users, and make new contributions to the construction of global economic integration, promote the high-quality construction of the "Belt and Road".

　　4. Brand upward ability. The company’s brand image has further advanced to a new level, and it continues to build an outstanding brand with uniqueness, value, long-term and cognition. In terms of brand promotion, the brand image continues to improve, establishing five brand structures and completing the layout of three smart electric brands: Aouita, Deep Blue Auto and Changan Qiyuan; Release the global "all rivers run into the sea" plan, and move towards the world-class brand; Deepen the new energy "Shangri-La" plan and release the "Golden Bell Cover" battery brand in Chang ‘an; Landing the intelligent "Beidou Tian Shu" plan, we will continue to build a "new car and new ecology", seize the digital smart new car track, display Changan technology and new car achievements, and realize brand leap. In terms of brand promotion, the Southeast Asian brand launch conference was held, and the strategic plan for the Thai market was released. The overseas communication covered a total of 171 million people, enhancing brand awareness in the Thai market; Join hands with Xinhua News Agency to carry out the IP cooperation of "One Belt, One Road Global Tour", show the new business card of "China Zhizao" to the world, promote the further implementation of Changan’s overseas strategic plan, and enhance the international influence of the brand; Deeply bundled with three-body IP, the exclusive title is bilibili’s "Three-body" animation, with a broadcast volume of 620 million and a total exposure of 4.66 billion in the whole network, which effectively enhances the brand’s youthful and intelligent perception; The innovative incubation "SDA Black Technology Lab" has its own IP, which comprehensively and systematically demonstrates the strength of Changan Automobile as a leader in the era of digital intelligence and new automobiles, and builds the image of Changan Automobile Technology Enterprise, with a cumulative exposure of over 530 million.

　　5. Cultural leadership. The company deeply practices the leading culture, releases the concept of leading culture 4.0, and makes culture the core competitiveness. Tell the story of Chang ‘an well, publicize Chang ‘an culture, carry out activities such as learning and publicity, and hold competitions, so as to provide cultural guidance for the "All rivers run into the sea" plan; Focusing on the key points of production and operation, we will organize situation and task education and swearing-in meetings to unite the forge ahead. Practice the concept of "double concern", deepen the "five free" assistance, solve the employees’ demands of "urgent difficulties and worries", and continue to do practical and good things for employees, so that employees’ sense of gain, happiness and security are constantly enhanced. Resolutely fulfill the social responsibility of state-owned enterprises, and immediately rushed to the disaster areas such as the rainstorm in North China and the earthquake in Gansu, with a total donation of 16.5 million yuan; Fully assist Luxi and Yanshan counties in Yunnan and Youyang in Chongqing, continuously improve the quality and effectiveness of assistance, and allocate funds of 10.6 million yuan as a whole; Fully implement the rural revitalization strategy, deepen the assistance of Youyang tea oil industry, and form the Chang ‘an development model of "enterprises join hands with enterprises to jointly drive the industry", which has been included in the case of rural revitalization and innovation in the State Council. 6. Talent organization ability. The company insists on strengthening the enterprise with talents, continuously optimizes the organization, continuously strengthens the talent team, and further consolidates the strategic transformation support. In terms of talents, we should do a good job of "introducing talents from outside" and build a highland where outstanding talents from all over the world gather and grow. Introduce foreign vice presidents to empower the management team with a global vision; For important fields such as modeling, autonomous driving, batteries, big data, etc., industry leading talents and senior talents are widely introduced to achieve full coverage of senior talents in important fields; Strengthen the training of young cadres,The team structure of deputy general manager level and manager level is getting younger and younger. In terms of organization, the company’s organizational structure is adjusted in time to match the strategic needs. In terms of mechanism, the incentive and restraint mechanism continues to innovate, bringing efficiency into comprehensive evaluation and stimulating the strong vitality of enterprise talents.

　　Fourth, the main business analysis

　　1. Overview

　　Compared with 2022, the company’s operating income was 151.298 billion yuan, a year-on-year increase of 24.78%; The net operating cash flow was 19.861 billion yuan, a year-on-year increase of 250.52%. During the reporting period, the company’s net profit attributable to shareholders of listed companies was 11.327 billion yuan, up 45.25% year-on-year, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 3.782 billion yuan, up 16.19% year-on-year, mainly due to the increase in sales volume and the improvement in operating quality.

　　V. Prospect of the Company’s Future Development

　　(A) the industry pattern and trends

　　In 2023, the overall performance of the automobile market is good, which is an important force to promote economic recovery. It is expected that the automobile industry will show the following trends in the future:

　　1. Overall characteristics of the industry: the recovery of the industry exceeded expectations, the total sales volume exceeded 30 million, and the market competition pattern was reshaped. China’s automobile market has changed from Europe, the United States, Japan, Germany, South Korea and China to the dominant position of China brands, and the share of China brands will continue to increase in the future.

　　2. New energy trend: China’s production and sales of new energy vehicles ranked first in the world for 9 consecutive years. With the dual promotion of policies and markets, the penetration rate of new energy vehicles will continue to increase.

　　3. Intelligent trend: With the development and application of new technology groups such as artificial intelligence and big data, the automobile has evolved from a traditional means of transportation to a new intelligent car based on new energy and deeply integrated with intelligence, providing users with more comprehensive and comprehensive services. Industry policies will continue to support the development of the autonomous driving industry, and intelligent driving has gradually become the dominant factor for consumers to buy cars. Intelligent technical capabilities and carrying applications have become the core elements of competition among car companies.

　　4. Trend of going out to sea: China automobile industry has accelerated the pace of going out to sea and become an important force for China brands to go out to sea. In the future, more China brand automobile enterprises will deploy in overseas markets, actively participate in international competition, and seek incremental opportunities in the fuel vehicle market in developing countries and new energy vehicle opportunities in developed countries.

　　5. The trend of industrial chain interconnection: the automobile industrial chain is more flexible and develops into an interconnected network structure. The automobile industry has been transformed from the traditional one-way chain with the oil internal combustion engine as the main line into a new automobile network ecosystem with multi-point linkage, vertical integration and horizontal expansion among the main engine plant, Tier1 (a first-class automobile supplier) and raw material suppliers, as well as oil, electricity and other related industries running through it.

　　(II) Company development strategy

　　At present, China automobile brands are welcoming historic development opportunities, in which new energy is the core strength point of China brand, intelligence is an important element of differentiated competitiveness, and overseas markets will become a definite increment in the future. Facing the future, Changan Automobile will take the initiative to change, seek the overall situation with strategic thinking, and meet challenges with transformation and change. Since the release of the "Third Entrepreneurship–Innovation and Entrepreneurship Plan" in 2017, the company has been constantly reviewing and optimizing, and has now iterated to version 7.0. The company will adhere to the guidance of Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era, and take "strategic guidance, system reform, extreme efficiency and innovation breakthrough" as the key, accelerate the transformation to an intelligent low-carbon travel technology company, and March towards a world-class automobile brand. In 2030, Changan Automobile will strive to sell 5 million vehicles, including 4 million independent vehicles, 3-3.5 million new energy vehicles and 1.2 million overseas vehicles. To this end, the company will implement the "215" partnership action, adhere to the "two major promotions", upgrade the "one major relationship" and realize the "five new leaps":

　　1. Adhere to the "two major improvements".

　　First, adhere to the double promotion of new energy and fuel vehicles. In 2023, the penetration rate of new energy passenger cars in China reached 35.7%, and fuel vehicles still occupied an important market share of 64.3%. Based on this, the company will adhere to the business strategy of "making efforts at both ends, coexisting and advancing together" between new energy vehicles and traditional fuel vehicles, adapt to market changes, provide competitive products in different market segments, meet the needs of users in different scenarios, and ensure the double promotion of new energy vehicles and traditional fuel vehicles.

　　The second is to adhere to the double promotion of the domestic market and the international market. Overseas has two-thirds of the global automobile market, and China’s automobile industry is accelerating its all-round development. Based on this, the company will put globalization in a more important strategic position on the basis of stabilizing the domestic basic market.

　　2. Upgrade "one big relationship"-partnership.

　　The competition in the automobile market is more intense. In order to achieve better development, we will jointly maintain the partnership of "risk sharing, value creation and benefit sharing" with dealers, suppliers and users through resource sharing and complementary advantages, and work together for the future.

　　3. Realize "five new transitions".

　　First, unswervingly take strategy as the traction to achieve a new transition in transformation and upgrading; Second, unswervingly optimize product layout and achieve a new leap in brand promotion; Third, unswervingly strengthen scientific and technological innovation and realize a new leap in technology; Fourth, unswervingly build an industrial ecology and achieve a new leap of development and win-win; Fifth, unswervingly promote customer management and realize a new leap in service experience.

　　(3) Business plan

　　In 2023, the company actually sold 2.553 million vehicles, achieving the goal of the board of directors. The business goal of the company’s board of directors in 2024 is to strive to achieve the production and sales of more than 2.65 million vehicles. Guided by the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era, the company has fully implemented the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee, adhered to the general tone of striving for progress while maintaining stability, and made every effort to achieve the production and operation goals in 2024 with "strategic guidance, system reform, extreme efficiency and innovation breakthrough" as the key. Focus on the following tasks: first, strengthen party building and ensure high-quality development with high-quality party building; The second is to further promote the third venture of Changan Automobile-version 7.0 of the Innovation and Entrepreneurship Plan, and accelerate the transformation to an intelligent low-carbon travel technology company; The third is to persist in taking customers as the center and continue to create explosive products; Fourth, persist in system reform and accelerate the construction of innovative system capabilities; Fifth, strengthen the integration of resources and enhance operational capabilities; Sixth, adhere to two-way empowerment, create a new cooperation model, and fully guarantee the sustainable development of joint ventures; Seventh, persist in reform and innovation, and promote organizational change, talent management and mechanism innovation in an orderly manner; Eighth, adhere to the bottom line thinking, build a red line bottom line, and prevent and resolve major risks; Nine is to practice leading culture in depth and build culture into core competitiveness.

　　(IV) The company’s capital expenditure plan for 2024.

　　In order to achieve the company’s strategic objectives, the investment plan of the company and its holding subsidiaries in 2024 is 10,721,200,000 yuan, including 4,580,260,000 yuan in fixed assets and 6,140,940,000 yuan in equity investment. Investment in fixed assets mainly focuses on the adjustment of new energy production capacity structure, R&D capacity investment, new energy product launch and digital transformation, deepening the layout of new energy industry, accelerating the pace of new energy product launch, and continuously improving the digital and R&D capacity. Equity investment is mainly to support the development of independent brands, expand overseas markets, promote intelligent capacity building and accelerate the in-depth development of the new energy industry chain. According to the progress of the project, combined with the operating and financing environment, the company will study and formulate multi-channel fund-raising plans and fund use plans to improve the efficiency of fund use and reduce the cost of funds.

　　(5) Possible risks

　　1. Supply chain stability risk

　　With the increasing political and economic instability and uncertainty in the world, the global industrial chain supply chain is facing reconstruction. The automobile industry has a long industrial chain, which is also a typical global division of labor industry. In the current environment, it may still face supply chain risks.

　　Countermeasures: First of all, we should combine the relevant policies at the national level to promote the construction of a modern industrial system with technological innovation, increase the independent development of key core components, continue to push forward the technical research of key core components, and promote domestic substitution. In addition, we will continue to strengthen cooperation between upstream and downstream enterprises in the industrial chain, and reduce the risk of supply fluctuation through long-term agreements and reserve risk components.

　　2. Risk of overseas operation

　　As China’s position in the global industrial chain continues to improve, China’s automobile industry is accelerating to go to sea, and it is gradually laid out by regions and steps in research, production, supply, sales and transportation. The international competition is fierce and complicated, and the international economic and trade rules have changed profoundly. Chinese enterprises are facing more challenges in their development. More and more China enterprises are confronted with investigations and lawsuits of anti-monopoly, anti-subsidy, infringement of trade secrets and commercial bribery overseas.

　　Countermeasures: The company unswervingly promotes the plan of "All rivers run into the sea" and deeply participates in international competition. In participating in overseas market competition, we should establish a perfect compliance management system, stick to the bottom line and red line of operation, and ensure that the investment, products, spare parts and regulations meet the compliance requirements of the target market in all directions. At the same time, we should form a comprehensive daily, weekly and monthly follow-up research mechanism on international market politics, economy, society, environment and regulations to control overseas business risks to the maximum extent.

　　"Since 2014, the claims of professional counterfeiters in retail chain enterprises such as supermarkets have been on the rise", and the redefinition of the behavior of professional counterfeiters in the Implementation Regulations of the Consumer Protection Law (Draft for Comment) recently issued by the State Administration for Industry and Commerce (hereinafter referred to as the Draft for Comment) has aroused social concern. Yesterday, at the symposium sponsored by China Chain Store & Franchise Association and China Food Industry Association, more than 50 large supermarkets and suppliers bombarded professional claimants. In the eyes of trade associations and legal professionals, the accurate definition of professional counterfeiters should be "professional claimants", and some counterfeiting acts for the purpose of claiming compensation have constituted illegal crimes.

　　> > news background

　　Professional counterfeiting is not subject to the protection of consumer law and is controversial.

　　Not long ago, the State Administration for Industry and Commerce promulgated the Regulations on the Implementation of the Law on the Protection of Consumers’ Rights and Interests (draft for comments). Among them, the second article in the draft for comments attracted the most attention. "If consumers buy or use goods or receive services for their daily consumption needs, their rights and interests are protected by these regulations. However, these regulations do not apply to the purchase, use of goods or acceptance of services by natural persons, legal persons and other organizations other than financial consumers for profit. " Public opinion generally believes that this means that the professional anti-counterfeiting behavior of knowing and buying fakes will no longer be protected by the consumer law.

　　This clause has aroused widespread discussion in the society. Some people think that professional counterfeiters have gradually become a profit-seeking industry, occupying and consuming a lot of administrative public resources. However, there are also views that the emergence of professional counterfeiters is precisely because some businesses have problems in real life, such as irregular production, lax audit and careless inspection. Individual consumers often submit to humiliation because of the high cost of rights protection. If the professional counterfeiters are excluded by law, the illegal cost of the enterprise will be reduced to a certain extent. In the long run, the ultimate damage will definitely be the interests of every consumer.

　　> > enterprise statement

　　Most professional counterfeiters are malicious counterfeiters.

　　More than 50 large retail enterprises including Carrefour, RT Mart, Wumei, CR Vanguard, Johnson & Johnson, Diageo, Hershey, and other relevant responsible persons of supplier enterprises attended yesterday’s meeting. They all said that as enterprises, they must abide by national laws and regulations. If enterprises really make fakes and have food safety problems, they will be fined without complaint, but professional counterfeiters are more malicious counterfeiters, and it is difficult for enterprises to have complete monitoring evidence, and their actions seriously interfere.

　　"On average, every store in RT Mart now encounters seven or eight malicious counterfeiting every day, which is particularly serious recently." Pan Bingwei, the person in charge of RT Mart, said that, for example, they stepped on good goods in advance, bought 10 expired goods but settled them for 10 times, and the retail price of each product was only a few dollars, but they easily earned about 10,000 yuan through claims.

　　"The most troubled thing is that counterfeiters make their own fakes," Pan Bingwei said. Fake gangs usually take expired goods into the supermarket and hide them in a corner. The second person goes in to buy them, and the third person claims. Even the best video in the supermarket can’t be 100% monitored. Their success rate of "counterfeiting" is almost 100%.

　　"We have a store where five people sold 19 items and settled them in 19 times." Sun Wenbo, the person in charge of Wumart, said that our monitoring found that these people put the goods in the back seat of the car and immediately took out the same goods from the trunk to the supermarket to complain that the goods were expired. In addition, the supermarket has also been monitored and found that some people specially selected the refrigerated goods that have expired for two or three days, hid them in the diapers of pregnant and baby babies, took them out in two or three days, and then went directly to the service desk to claim compensation. "In this case, if we shoot the whole process, we will call the police immediately, but it is difficult for more than 95% to have monitoring evidence, so enterprises often have no counterattack power in front of such professional counterfeiters."

　　"Some’ counterfeiters’ even tamper with the date of production of goods." Sun Wenbo said.

　　> > viewpoint

　　Occupation claimants occupy administrative resources.

　　"From July 2014 to June this year, Johnson & Johnson was involved in more than 50 professional claims because of the telephone problem in the label." Relevant persons of Johnson & Johnson China said that although the company had already made rectification, these professional claimants had put pressure on 32 cases through the government administrative department when the claim failed.

　　"According to the survey of the association, one enterprise was forced to pay the mediation fee of’ professional claimant’ as high as 10 million yuan in 2012, which seriously affected the normal operation of the enterprise." Chu Dong, deputy secretary-general of China Chain Association, said that’ professional claimant’ did not hesitate to damage the hard-won brand reputation of the merchants in order to achieve their own selfish interests, but also abused government administrative resources and used online media to create public dissatisfaction with the enterprise and the government.

　　"Once their claims are rejected, these people complain to the regulatory authorities, ask the government departments to intervene, and even put pressure on the regulatory authorities by means of administrative reconsideration, administrative litigation and government information disclosure." Mao Weiqi, director of Beijing Shangzuo Law Firm, which specializes in food safety legal services, said that according to his contact with the drug regulatory authorities, there are about 1,500 professional claimants active in Beijing, some of whom are organized, including professional legal persons and technicians. Their massive complaints take up a lot of time and energy of supervisors and take up the already tense administrative resources.

　　Support counterfeiting but oppose profit-making claims

　　"It is illegal to tamper with the production date and replace expired products, and the circumstances are serious and even constitute a crime." Mao Weiqi said that the pure act of knowing and buying fakes should still be supported. After all, it has a certain supervisory effect on the market. However, there are two kinds of situations in which consumers knowingly buy fake food. One is that consumers intentionally buy food before buying it, and the other is that professional claimants with certain professional skills deliberately buy unsafe food for the purpose of making profits, and then claim rights as consumers.

　　"In the first case, it should be recognized as a consumer and entitled to compensation according to law," Mao Weiqi said, but for professional claimants or anti-counterfeiting organizations, although their anti-counterfeiting is objectively conducive to curbing counterfeiting and selling fakes, considering that it is an organized and regular activity, it does not meet the definition of consumers in the Consumer Law, so it is not appropriate to determine its consumer identity.

　　"In fact, professional claimants use the non-subjective and accidental mistakes of production and operation enterprises to damage the brand reputation of businesses and coerce the other party to pay higher compensation than that stipulated by law." Chu Dong said that consumers and professional claimants are essentially different. The biggest feature of the latter is that they only buy problematic goods, which are organized, have legal background but have no legitimate occupation, and have high purchase frequency, strong profit-making purpose and coercive language and behavior. "We support anti-counterfeiting, but resolutely oppose the claim for profit-making and non-living consumption." (Reporter Hu Xiaohong)

(Original title: Professional counterfeiters are not intended to be protected by consumer law, causing controversy. Retail enterprises expose professional claims. "Professional counterfeiters mostly claim maliciously")