Geely, Volvo and Lectra all rely on CMA architecture to buy a Geely, is it equivalent to buying Volvo?

Geely, Volvo and Lectra all rely on CMA architecture. Does buying a Geely really mean buying Volvo? I believe this is many people’s doubts about the products of these three brands.

So, what is the main reason for doubt? First of all, Geely, Volvo and Link all belong to Geely Group. Furthermore, they all adopt CMA architecture. Finally, the products based on this platform are very similar in driving characteristics, which is the main reason why consumers have questions.

# What is architecture?

Before the concept of platform architecture was born, every product of major car companies was developed, manufactured and verified bit by bit from scratch, and circulated again and again, creating the final production model. I believe we have all heard that the birth of a new car at that time took at least 2-3 years of research and development cycle, which was very energy-consuming, time-consuming and capital-consuming for car companies. Therefore, there was the concept of building a car on a platform.

The first model to apply the platform concept is the Volkswagen Beetle. Although this model has been discontinued at present, it is its hot sale that makes the prototype of the platform car concept take shape.

The birth of the platform will bring very good cost reduction effects to enterprises, including reducing R&D costs and shortening R&D cycle; Reduce the cost of parts and improve the sharing of parts and components; Reduce the supply chain management system and reduce the number of parts.

Not only that, the major platforms that have emerged in recent two years are speculating on one advantage, that is, the platform can be compatible with the production and research and development of products from A0-C level, which is very important. In other words, car companies only need to spend a lot of energy and time in the early stage to do a good job in the compatibility and safety performance of the platform, and then they can launch products such as A0-class cars, medium-sized cars or medium-sized SUVs on this platform, with low cost, high efficiency and "fast delivery".

# Is it really good to use the platform?

At present, major car companies are speculating on the advantages and strength of their own platforms and architectures. But don’t forget that the original intention of the concept of platform and architecture is actually to help enterprises save R&D costs, so this is why many products under the same platform have similar personalities.

Everyone is most familiar with the Volkswagen MQB platform and the Toyota TNGA architecture. Volkswagen has adopted this platform from Tiguan and Passat to Golf and Sagitar. The earliest PQ25 and PQ34 are all like this. It is precisely because of the platform architecture that we see that many Volkswagen products are obviously only front-drive cars, but the rear row has a very large bulge and the space utilization is extremely poor. Moreover, for example, the early low-profile models such as Golf, Sagitar and Jetta are criticized for their knob seat adjustment methods. Toyota’s products based on TNGA architecture have more compact and sporty chassis, without the soft and comfortable models of the year.

# Geely Group CMA Modular Architecture System

Let’s talk about China automobile brands again. With the increasing sales of automobile products and the demand for new products, the R&D cycle of products under the previous R&D system of enterprises is obviously too long, and it is very likely that the products will not keep up with the current mainstream problems of automobiles after they come out.

At this time, China enterprises represented by Geely came forward, and the CMA platform jointly developed by Geely and Volvo was launched. This is an infrastructure for mid-level cars, which can cover A-B model products.

Systematically speaking, CMA platform has considered the future production and manufacturing at the beginning of design, and will consider the universality of some parts in advance, such as our common window controller, in-car function buttons, engine foot mounting holes and so on.

Another great advantage is that the platform wheelbase and wheel track can be lengthened or shortened according to the positioning of R&D products, and it can adapt to more different types and levels of products on this platform. For example, there are many types of products born from CMA platform, such as Volvo XC40, Lingke 01, Lingke 02, Lingke 03, Lingke 05, Xingyue and Xingrui.

# Buying a Geely or a Lexus is equivalent to buying a Volvo?

If you have had contact with Geely, Lectra and Volvo products, you will understand the significance. Especially in the dynamic driving part, the suspension is tight and tough, and the driver can clearly perceive the road information. Especially when coming to the mountain road, the whole chassis suspension adjustment pays attention to communication, aiming to let the driver experience the fun of control.

Similar driving experience, which is one of the advantages based on the same platform. On the other hand, under the same platform, the safety performance of vehicle collision will be more guaranteed.

Taking Volvo XC40 as an example, the 2019 model got the highest score in the five major projects of American IIHS crash test. On the other hand, Linke 01, which is built on the same platform, has also achieved excellent results in all the tests of C-IASI with the same crash test project as IIHS in China. Especially in the 25% offset crash test of most joint venture vehicles, Volvo XC40 and Link 01 both achieved G-excellent results.

Geely Xingyue, also born on CMA platform, scored only M in the C-IASI25% offset collision, but the head, neck, chest, thighs, hips, legs and feet of the dummy all got G evaluation, which showed good protection performance for the dummy.

Reminiscent of Geely Xingrui, which has just been listed recently, from the data, its wheelbase of 2800mm fully meets the medium-sized car level, but the official positioning is family car, which is commonly known as compact car. However, the performance of Geely Xingrui is completely beyond the strength of compact products of the same class. In addition to excellent body size and space performance, the whole system is equipped with a 2.0TD engine, and the top price does not exceed 150,000.

If we compare the power data of Geely Xingrui with that of Volvo S60 T4, the same 2.0T engine has a maximum horsepower of 190Ps and a maximum torque of 300N·m, but the maximum power speed and torque speed of Xingrui engine are slightly advanced in the details. In the body size part, the data of length, width and height are ahead of Volvo S60, so how would you choose between them? And this is the advantage of building a car based on the platform architecture.

Summary:

This article doesn’t use too many technical terms or data. Brother Peng just wants to tell you with some easy-to-understand examples and words that there is no difference between good and bad in the platform architecture debate. For example, the MQB platform, which is widely used in the mass civilian field, is it really that good? Not necessarily.

Then, in the CMA platform currently used by Geely and Lectra, for example, it is basically the same origin as Volvo, and the adjustment of excessive sports has obvious brand tonality. But it will also shut out potential users who have a strong demand for comfort.

In the smaller part, that is, the universality of parts, each platform has its own characteristics. The advantage is that enterprises can save the cost of parts procurement, transportation and process. However, in the event that some parts suppliers have problems, consumers will end up "backing the pot".

Back to the original answer, Brother Peng personally feels that this should be considered from two aspects. One is the quality of hardware, based on the same architecture, the commonality of many parts, and the extra points in the safety performance, which are very Volvo and CMA.

If we understand from the rest of the software, the concept, design, configuration, brand and price are different, and both Geely and Lectra have their own characteristics, which is why Geely built the Lectra brand.

Then, if someone asks Brother Peng, does buying a Geely really mean buying a Volvo? My answer is, yes. Not only that, in the configuration part, Geely products will be more abundant than Volvo models. How to choose and how to recognize is up to you.

BYD’s brand-new Tang debuted on March 6th and will be listed in the second quarter.

  [XCAR domestic new car original]

  A few days ago, we learned from the official that BYD’s new generation of Tang will be unveiled on March 6 and officially listed in the second quarter. It is understood that the appearance and interior of BYD’s new generation of Tang have changed greatly. The new car adopts a design concept similar to that of the Dynasty concept car, and the power will provide plug-in hybrid, pure electric and gasoline versions.

 

Tang Dynasty

Tang Dynasty

Tang Dynasty

A new generation of Tang dynasty

A new generation of Tang dynasty

  The new generation of (|) has been exposed many times before. In appearance, the new generation of Tang is very similar to the previously released Dynasty concept car. It adopts BYD’s latest design language, officially called DragonFace design concept, and the overall shape is very dynamic.

A new generation of Tang dynasty

A new generation of Tang dynasty

Tang Dynasty

A new generation of Tang dynasty

A new generation of Tang dynasty

  In the interior, the new generation of Tang is also brand-new, and the interior layout of the new car is very simple. The central control is equipped with an oversized screen and a 90-degree rotation function. In terms of technology configuration, the new car will be equipped with full LCD instrument panel, electronic shift lever and other configurations.

A new generation of Tang dynasty

  In terms of power, judging from the previous new car application information, the new generation of Tang will be equipped with two power forms: 2.0T plug-in hybrid and 2.0T gasoline engine, in which the plug-in hybrid version will have extremely powerful performance as the cash, while the 2.0T gasoline-powered model will be more satisfactory, with the maximum output power of the engine of 139kW(189Ps). (Part of the spy photos source: Sina Weibo @ 中中中中中)

  Editor’s comment:BYD has not been amazing in appearance and interior design before, but the brand-new design language of the new generation model has greatly improved the visual beauty of the whole vehicle.

The 500,000th vehicle of the Great Wall Gun brand rolled off the assembly line to commemorate the debut of the model.

  China Economic News Network (Liu Chenxi)Recently, the Great Wall Cannon is the largest high-end pickup truck production base in China — — The Great Wall Chongqing Smart Factory ushered in the 500,000th vehicle assembly line, becoming the first high-end pickup truck brand in China to break through 500,000, creating a new "Great Wall Gun Speed".

 1692722274401
 
  Great Wall pickup trucks have been ranked first in sales for 25 consecutive years, and the cumulative global sales have exceeded 2.45 million units. This time, 500,000 commemorative models of the Great Wall Gun -23 off-road guns Everest Edition, the first batch of which was limited to 818 sets, participated in the limited-time activities of all off-road guns for 10,000 yuan.
 
  Reach 500 thousand units in four years
 
  The 500,000th vehicle of the Great Wall Gun brand rolled off the assembly line, creating a new "Great Wall Gun Speed" and constantly refreshing the industry record, becoming the first high-end pickup truck brand in China to break through 500,000 vehicles.
 
  The achievement of 500,000 sets of glory strongly proves the powerful system capability and high-quality intellectual strength of the Great Wall Chongqing Smart Factory.
 
  The achievement of 500,000 units is not only a new journey of glory, but also a responsibility and responsibility. Great Wall Pickup bravely shoulders the responsibility of the industry, and jointly promotes the introduction of new pickup standards with China Automobile Association, Passenger Association and pickup truck friends, prepares for the establishment of pickup truck branch, and promotes the lifting of pickup truck policy. Up to now, more than 90% of cities above the prefecture level in China have liberalized the restrictions on pickup trucks entering the city.
 
  In the future, the Great Wall Gun will use the pickup branch as a platform, unite with pickup truck manufacturers, accelerate the further relaxation or cancellation of restrictive policies such as 15-year scrapping and annual inspection, realize policy breaking, and continue to boost the expansion of pickup truck market.
 
  500,000 commemorative models of Great Wall Gun rolled off the assembly line.
 
  The 500,000 commemorative models of the Great Wall Gun rolled off the assembly line this time -23 off-road guns Everest Edition, is a limited-edition model specially built by the Great Wall Gun to commemorate the 500,000 th vehicle rolled off the assembly line. This car, based on the platform of the Great Wall Intelligent Professional Off-road Tank, is an innovative masterpiece of the off-road pickup truck of the Great Wall Gun leisure category.
 
  Relying on the Great Wall’s "forest ecology" technology, Great Wall Gun is committed to creating greener, smarter and safer products for users around the world. At this year’s Shanghai Auto Show, China’s first 6X6 super off-road platform, newly built by the Great Wall, made its world premiere. PHEV/HEV, a large-scale high-performance hybrid pickup truck based on Hi4-T off-road super hybrid architecture, was officially unveiled, providing the optimal solution for new energy pickup trucks.
 
  Accelerate overseas layout
 
  While the Great Wall Gun leads the pickup truck industry in China to develop upwards, it continues to deepen the global layout. As the world business card of China pickup truck, Great Wall Gun leads China pickup truck into a brand-new ride and globalization track.
 
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  Great Wall Gun has been listed in more than 50 countries on four continents, winning the annual pickup truck award in Australia, South America and South Africa, and becoming the first China brand with five-star safety rating under the new Australian ANCAP standard. The Great Wall Gun is also rooted in overseas local culture, helping the world’s top surfing events, the Australian triathlon and the NewBeach one-mile beach run in South Africa, and escorting extreme sports.
 
  The 500,000th vehicle of Great Wall Gun brand rolled off the assembly line, leading China’s high-end manufacturing to the world with hard-core strength, and letting the world witness the Chinese power of automobile manufacturing. The Great Wall Gun will reshape the smart and luxurious new image of China pickup truck in overseas markets and become a sample for China pickup truck brand to go global.
 
  In the future, with the King Kong Gun and Shanhai Gun going out to sea in an all-round way, Great Wall Gun will realize the global icebreaking with a full matrix product combination, and represent China pickup truck to fight against the international mainstream brands in the global market.
 
  Standing on the new step of 500,000 sets, Great Wall Gun will continue to insist on category innovation and user co-creation, and promote policy icebreaking, cognitive icebreaking, category value icebreaking and globalization icebreaking, so as to create a new world of pickup trucks with global users and make China pickup trucks popular all over the world.
 
  

Official response: Audi will buy Zhiji electric vehicle platform.

  [car home Information] Recently, according to the blogger, it was learned from the source that Audi plans to cooperate with Zhiji on the electric vehicle platform and purchase the platform license. Zhiji is a high-end brand owned by SAIC, and SAIC itself is also a partner of Audi. In order to avoid large fluctuations in the market, the purchase platform may adopt a differentiated strategy of "divide and conquer the north and the south".

  In this regard, Audi China said, "Audi has been committed to contributing to the development of China’s automobile industry. Adhering to the strategy of "in China, for China", Sihuan brand firmly implements its commitment in China and promotes the localization development of mutual benefit and win-win. Audi will work together with all parties to formulate a strategic policy and create a successful future. "

Home of the car

  Earlier, Oliver Blume, CEO of audi ag, said on Capital Market Day that the Audi brand is currently lagging behind its competitors, especially in electric vehicles, and the main reason is software problems.

SAIC Audi Q5 e-tron 2023 40 e-tron Xingyao Brocade Set

  Oliver Blume also specifically mentioned the China market: "The group’s business is highly dependent on China, but at present the pure electric vehicle product line is not competitive in the China market."

FAW Audi Audi Q4 e-tron 2023 40 e-tron Creation Night Edition

FAW-Audi Audi Q2L e-tron 2022 Q2L e-tron pure electric intelligent enjoyment type

  According to the data of the Association, in the first five months of this year, (|) only sold 6,631 sets in China; Q5 e-tron sold 1,501 sets; E-tron sells 170 sets and Q2L e-tron sells 70 sets. (Source: Wang Guoxin Eeo;; Compile/car home Qin Chao)

AITO, can M7 really compete with millions of luxury cars?

  Under the "Huawei Intelligent Car Selection Mode" of deep cooperation between Huawei and Celestial, the new brand AITO has become the fastest growing brand of intelligent electric vehicles. The first model M5 has achieved good market results, and it took only 87 days from March to May this year to create a record of the fastest delivery of a new brand single vehicle. Just in the past June, the number of newly added large cars in the M5 reached 10,685, reaching a new high.

  Although Huawei didn’t build a car in person, in the rivers and lakes of new energy vehicles, the AITO brand has quickly established its popularity and initially stabilized the high-end new energy vehicle market.

AITO, can M7 really compete with millions of luxury cars? _fororder_image001

  Thanks to the success of M5, the second model of AITO brand, M7, was heavily listed at Huawei’s new product launch conference in summer. With the deep empowerment of Huawei, M7, an advanced designer, has more space, more comfortable cockpit and smarter experience, which can be described as "the best choice for IKEA". Under the heat of Huawei’s own traffic, the arrival of M7 in the world has more market imagination.

  Yu Chengdong, managing director of Huawei, CEO of BG, and CEO of BU, a smart car solution, has repeatedly stressed that the M7 has "the experience beyond a million luxury cars". Can this new car really compete with a million luxury cars? How much innovative feeling does it bring us?

  Extremely simple and comfortable six-seat large space.

  Wen Jie M7 follows the family design language of AITO brand, and the iconic hexagonal grille and eagle wing penetrating taillights on the front face are highly recognizable, showing a new luxury style. The hidden door handle is matched with the AITO welcome lamp, and at the same time, combined with the AITO luminous LOGO on the front face, the details make the sense of travel ceremony.

AITO, can M7 really compete with millions of luxury cars? _fororder_image002

  As a standard large-scale SUV, the length of the car M7 is 5020mm and the wheelbase is 2820mm, so that the full-size space and the coupe can have both.

AITO, can M7 really compete with millions of luxury cars? _fororder_image003

  AITO’s M7 adopts the spatial layout of three rows and six seats, and the original six-in-one range extender powertrain expands the forward space of the passenger compartment. The total space of the front, middle and rear rows reaches 2605mm, and the seating space of each row is very ample, with the space conversion rate reaching 92.4%, leaving more space for users with less "shared area".

AITO, can M7 really compete with millions of luxury cars? _fororder_image005

AITO, can M7 really compete with millions of luxury cars? _fororder_image004

  The third row is equipped with independent cup holders, independent stereos and independent reading lights. The backrest angle of the seat also supports six-stage adjustment, which makes the ride experience comfortable and comfortable, and the storage space in the trunk of the vehicle is also sufficient, so you can install it as you want when you travel.

AITO, can M7 really compete with millions of luxury cars? _fororder_image006

  In addition, the M7 car has 14 places and 23 storage spaces, especially the new hollow console design, which can easily place high heels, business bags and other personal belongings to meet the storage needs of multiple scenes.

AITO, can M7 really compete with millions of luxury cars? _fororder_image007

  The interior reflects the people-oriented minimalist design style. The 10.25-inch curved full LCD instrument panel and the 15.6-inch 2K HDR central control large screen bring more sense of science and technology. The details such as microfiber suede, cherry wood texture and crystal diamond retaining handle show ingenuity. Sectional panoramic skylight with electric sunshade realizes 100% shading rate and creates private space.

AITO, can M7 really compete with millions of luxury cars? _fororder_image008

AITO, can M7 really compete with millions of luxury cars? _fororder_image009

  Wenjie M7 offers six colors of metallic car paint, namely misty gold, azure blue, pine frost green, ceramic white, deep gray and gold-plated black, and four pure interior colors, namely Shaohua apricot, amber brown, ivory white and extreme night black. Different color combinations meet the individual needs of home users and business people in all directions.

AITO, can M7 really compete with millions of luxury cars? _fororder_image010

AITO, can M7 really compete with millions of luxury cars? _fororder_image011

  From this point of view, the design concept of M7 from the inside out is very humanized, and the overall sense of science and technology is also very strong, which can fully meet the pursuit of high-quality travel by family and business users.

  The industry’s first commercial zero-gravity seat

  With humanized technology, it brings the experience beyond luxury MPV. The M7 rear seat back supports six-speed adjustment up to 33 degrees, and it is equipped with independent audio, air conditioning air outlet, lighting and other configurations, so that travel will be difficult.

AITO, can M7 really compete with millions of luxury cars? _fororder_image012

  The new car adopts the industry’s first commercial AITO zero-gravity seat with zero-pressure sensing ergonomic design to create a seat back cushion with super-uniform pressure distribution, which can more effectively relieve physical and mental stress and fatigue than a flat seat; The most comfortable zero-gravity sitting posture can be realized by the user’s voice or one-button opening. Combined with the brand-new nap mode, you can quickly switch to the exclusive rest space and enjoy every space and time in the car.

AITO, can M7 really compete with millions of luxury cars? _fororder_image013

  M7 has adopted seven technologies to create a quiet space at the music department level for users. On the one hand, the noise of the power system is greatly reduced through the original electric drive quiet technology and the industry-leading range extender active noise reduction technology; on the other hand, low noise and sound insulation are realized through the all-round quiet design of top-level hardware. With the help of three-sided double-layer sound insulation glass, active noise reduction, vehicle airtight protection, multi-layer chassis isolation and other quiet technologies, no matter emergency video conference or family leisure time, it will not be disturbed by the environment outside the car.

AITO, can M7 really compete with millions of luxury cars? _fororder_image014

  The design of dimmable and soft cosmetic mirror, RGB 128 color AI rhythmic stepless color-changing atmosphere lamp, and ICAS intelligent cabin cleaning system integrates convenience and technology, especially two 40W wireless super fast chargers and two 66W wired super fast chargers installed in the car, with the innovative dual-fan cooling structure, bid farewell to charging anxiety when driving or working in the car.

AITO, can M7 really compete with millions of luxury cars? _fororder_image015

  Mobile phone eco-boarding, intelligent cockpit, who am I

  HarmonyOS intelligent cockpit has evolved again on the M7. The new super desktop function allows the mobile phone to use the direct train. Users can operate the mobile phone application through the big screen, and the software interface will adapt according to the screen.

AITO, can M7 really compete with millions of luxury cars? _fororder_image016

  Based on the distributed capability of HarmonyOS, the mobile phone application can adaptively and seamlessly get on the bus while supporting the seamless flow between the mobile phone and the car. For example, the address shared by WeChat can be synchronized to the car navigation with one button, and even Bilibili can adjust the camera inside and outside the car to shoot, etc., so as to turn the car into a multi-functional mobile space.

AITO, can M7 really compete with millions of luxury cars? _fororder_image017

AITO, can M7 really compete with millions of luxury cars? _fororder_image018

  At the same time, Xiaoyi, who has been certified as an A-level voice assistant, newly supports the main driver’s wakeup-free, multi-tone area wisdom perception, etc., bringing users a smarter and more natural voice interaction experience.

AITO, can M7 really compete with millions of luxury cars? _fororder_image019

  Wenjie M7 is also equipped with car-mounted home KTV, high-quality audio and video, immersive game mode and 19-unit HUAWEI SOUND audio. The first car-machine multi-task center can quickly switch between different applications and easily switch between interfaces such as navigation, music and games.

AITO, can M7 really compete with millions of luxury cars? _fororder_image020

  At the same time, it provides a variety of audio and video head apps such as Huawei Video, Huawei Music, Netease Cloud Music, Himalayan, etc., and jointly builds an immersive car home KTV with Leishi KTV, with the ultra-low delay of 48ms ear return, the 1.7 million+genuine KTV music library authorized by the Music Collection Association and the high-quality sound effect of HUAWEI SOUND. You can enjoy singing in the car at any time. At the same time, it is also equipped with as many as 14 game masterpieces, which makes the entertainment experience in the car more abundant.

AITO, can M7 really compete with millions of luxury cars? _fororder_image021

AITO, can M7 really compete with millions of luxury cars? _fororder_image022

  HarmonyOS intelligent cockpit inherits the excellent smooth experience of Huawei terminal, and endows M7 with convenient multi-device interconnection capability. Petal Maps navigation is always new, which can seamlessly flow between different devices and synchronize location information with one button. Who can not love such an easy-to-use car navigation?

AITO, can M7 really compete with millions of luxury cars? _fororder_image023

  Voice assistant Xiaoyi has intelligent four-tone area accurate recognition, which can be seen and understood. For example, if the rear passenger says "I am cold", the vehicle will automatically adjust the temperature of the rear air outlet.

  The intelligent cockpit in HarmonyOS of the world M7 connects different scenes of life and has a strong sense of science and technology. Huawei is really innovating with its heart. If the HarmonyOS smart cockpit of the M5 is recognized as the "ceiling of the car", then the newly upgraded HarmonyOS smart cockpit of the M7 has taken the smart travel experience to a higher level.

  Performance, handling and safety can have both.

  Wenjie M7 is equipped with HUAWEI DriveONE pure electric drive range extension platform, which is specially designed to build a 1.5T four-cylinder range extender 3.0 for the range extension system, and one liter of oil can generate 3.13 kWh. Urban commuting electricity, CLTC pure battery life can reach more than 200 kilometers; When driving for a long distance, CLTC can last up to 1,220 kilometers, and the fuel consumption per 100 kilometers is as low as 5.8L, completely bidding farewell to mileage anxiety.

AITO, can M7 really compete with millions of luxury cars? _fororder_image024

  The dual-motor four-wheel drive system combines the maximum output power of 330kW and the acceleration of 4.8s per 100 kilometers. With the carefully adjusted all-aluminum chassis and suitable wheelbase design, the comfort and sportiness are perfectly unified, and the driving experience is flowing. The V2L external discharge function supports high-power appliances such as electric ovens, which can be described as standard for camping.

AITO, can M7 really compete with millions of luxury cars? _fororder_image025

  The M7 is designed according to the latest 2021 version of the C-NCAP five-star safety standard, and its rich active and passive safety configurations escort the trip.

AITO, can M7 really compete with millions of luxury cars? _fororder_image026

  As for batteries, the M7 battery pack in Jiejie adopts an array firewall structure, and the battery pack has multiple protections such as heat insulation, active cooling and explosion protection to avoid thermal runaway. It is also equipped with VHR battery health management system to ensure the stability and safety of batteries in extreme cases.

AITO, can M7 really compete with millions of luxury cars? _fororder_image027

  Delivery began in August.

  From July 4th, the real car will be displayed in 600+ Huawei stores in 150+ cities nationwide, and the test drive will be officially started on July 23rd. Interested friends can make reservations through Huawei Mall, Huawei Experience Store, my Huawei APP, AITO official website, AITO User Center and AITO APP. The first batch of M7 car owners are scheduled to enjoy exclusive gifts, as well as the rights and services of HUAWEI Card car owners, and enjoy the respectful car experience.

AITO, can M7 really compete with millions of luxury cars? _fororder_image028

  At the press conference, Yu Chengdong promised the users: "We will strive to deliver the M7 to consumers in succession from August".

  The service network of AITO brand is becoming more and more perfect. At present, the charging network supports 300+ cities across the country, with a total of 180,000+public charging piles. In addition, 600+ Huawei stores across the country can carry out product experience and test drive, covering 122+ AITO user centers in 109+ cities, which can provide users with a high-quality service experience.

AITO, can M7 really compete with millions of luxury cars? _fororder_image029

  Strong manufacturing capability is the guarantee for AITO brand to realize rapid delivery of products. The new Phoenix factory built according to Industry 4.0 standard, together with Liangjiang Smart Factory, will have an annual output of 300,000 units. The optimized configuration of each production link and Huawei’s strict quality management ensure that high-quality products will be delivered to users. (Text: Yang Xiaohong Map: AITO)

After 00, the teenager swept away the biggest trouble in women’s singles.

  The 55th World Table Tennis Championship is in full swing in Budapest, Hungary. This session, known as the preview of the 2020 Tokyo Olympic Games, has just entered the second day of the race, and two results have been decided. First, China’s Xu Xin lost, Guoping missed the men’s singles title, and then the Japanese team’s top figure, Ito Meicheng, couldn’t take away the women’s singles champion she was obsessed with.

ito mima

ito mima

  Let’s start with Miki Ito. In the last year or two, Miki Ito has been in the limelight. In 2018, he scored 12 wins and 8 losses against the national table tennis players, including the reversal victory over world champion Liu Shiwen and Grand Slam player Ding Ning, which caused a lot of trouble for China. On the opponent’s wall of the China team’s training hall, Miki Ito ranked first. In an interview, Meicheng Ito said many times that she wanted to win three gold medals (women’s singles, women’s doubles and mixed doubles) in this World Table Tennis Championships.

  Before the World Table Tennis Championships, Miki Ito withdrew from the Asian Cup and the multi-station open one after another, which meant "holding back big moves" to avoid playing against China and giving China a chance to study and ponder. It was not until the World Table Tennis Championships started that Miki Ito showed his true colors.

Sun yingsha

Sun yingsha

  On April 24th, in the knockout round of women’s singles, Ito Meicheng, as the seed player, met the young girl from China after 00 who advanced all the way from the qualifying round. Although Sun Yingsha was younger and ranked lower in the world, Sun Yingsha still started to fight, and she beat Ito Meicheng 4-1, which swept away the biggest opponent on the road to winning the women’s singles for China in advance, and even scored a disparity score of 11-2 in the last game. Coach Li Sun, who coached outside the stadium, had a red eye. Only he knew how much suffering he had experienced before this game. He witnessed too many China players being beaten by Ito Meicheng.

  The ball that should have been hit failed to hit, and the frustrated Ito Meicheng could only squat on the ground and pat the ground. Miyoshi Ito’s road to women’s singles has ended before it started, stopping in the top 16, four victories short of her dream champion, and in the mixed doubles competition that followed, Miyoshi Ito also lost the game and punched herself in the face.

  Sun Yingsha’s victory over Ito Meicheng was widely discussed after the game and became a hot search, which is actually rare. "I’d rather win a hot search for ten minutes than lose two hours." This is what Xu Xin said in an interview before. After the game last night, Xu Xin also went on a hot search because … … He lost … …

Xu Xin

Xu Xin

  The drawing rules of the World Table Tennis Championships are divided into two and a half zones. The players in the half zone are caught and killed, and the winners in the two and a half zones will meet in the final. Although five players from China participated in this World Table Tennis Championships, four players were in the upper half, and Xu Xin, who was alone, was in the lower half.

  Such a lottery has advantages and disadvantages for Xu Xin. The advantage is that Xu Xin won’t meet China’s teammates before the final. The disadvantage is that if Guoping wants to lock the champion and runner-up in advance, Xu Xin can’t lose a game.

  Xu Xin, who was under great pressure, also met French Simon at the age of 32-16. Simon was not a fish-hole, and ranked among the top ten in the world. Although he had never won a game against Guoping before, he played very well in the match with Xu Xin, and Xu Xin was very passive. After resisting for two games, Xu Xin lost 2-4.

  In the post-match interview, Xu Xin also admitted that he lost because of psychological problems and played too cautiously.

  Xu Xin’s loss this time is also another loss to foreign players after losing to Japanese star Jun Mizutani in the team final of the 2016 Olympic Games. Losing in such a big competition may have a certain shadow on Xu Xin’s trip to Tokyo. After all, Xu Xin has fallen behind Malone and Fan Zhendong in the men’s singles competition, and of course he still has the opportunity to join the team and partner Liu Shiwen to participate in the mixed doubles competition.

  The World Table Tennis Championships will end in a few days. I hope that China players will not do hot search again except win the championship.

Shanghai: If the "community group purchase" is found to be illegal, it will be dealt with severely and severely.

  On April 13th, the Information Office of Shanghai Municipal People’s Government held a press conference on epidemic prevention and control.  

  A reporter asked: We have noticed that the market supervision department has issued a reminder letter on the price behavior of "community group buying". How will we supervise the problems such as price gouging, short weight and lack of food quality?

  Peng Wenhao, deputy director of Shanghai Municipal Market Supervision Bureau, said that since the epidemic prevention and control, "community group buying" has become the main way to ensure the supply of citizens’ living materials during the closure period, which has played an important role in ensuring people’s livelihood and alleviating the problem of "difficulty in buying food". We support community group buying carried out according to law.

  In order to further standardize the price behavior of "community group buying", recently, the Municipal Market Supervision Bureau has formulated and issued the Prompt Letter on Regulating the Price Behavior of "community group buying" during the epidemic prevention and control period, reminding relevant organizers and operators that they should provide consumers with goods with reasonable prices according to their operating costs and not disturb the market price order; Should be clearly marked in accordance with the provisions, publicity of commodity name, quantity, specifications and prices and other information; We should optimize the organization and management, provide good after-sales service for consumers, and earnestly safeguard consumers’ rights and interests.

  Taking this opportunity, it is suggested that consumers should pay attention to the choice of goods provided by regular suppliers when buying a group. Focus on the following three aspects: including whether the specific information of group purchase goods is clearly marked; Whether there is a clear way to deal with problems such as missing and wrong sending; Whether to provide contacts and contact information, etc. At the same time, attention should be paid to keeping records of group purchases and screen shots of communication with relevant operators, so as to serve as relevant evidence when defending rights and facilitate subsequent verification and disposal by market supervision departments.

  In view of the objective reasons in community group buying, such as the adjustment and delayed delivery of package goods, we also remind the operators to inform consumers of the relevant situation in a timely and comprehensive manner and properly handle the legitimate and reasonable demands of consumers such as refunds.

  In the next step, the market supervision department will continue to strengthen the supervision and enforcement of operators’ price behavior. In particular, we will investigate and deal with individual price violations such as price gouging and hoarding in the name of group buying.

  If citizens find suspected violations of consumer rights, please call 12315 or 12345 to report, and the market supervision department will conduct an investigation in time. To verify the existence of illegal acts, from quick to strict and severely dealt with.

After seven years of "Missing", what can we expect about Zhang Aijia?


    Special feature of 1905 film network "When she was young, she was like a flower. Now she is like a tree, which allows many people to enjoy the cool in her shade." This is Hong Kong director Lin Yihua’s evaluation of Zhang Aijia. On March 23rd, director Zhang Aijia’s new film "Missing You" was shown as the opening film of the Hong Kong International Film Festival. With this film, Hong Kong actor Liang Luoshi, who had never met for a long time, also came back to share the warmth and coldness of the bustling city with Joseph Chang, Ke Yulun and Li Xinjie. When we talk about Zhang Aijia again, there are still too many topics worth talking about.

 

    In his forty-two years as a filmmaker, Zhang Aijia has mastered multiple identities, leaving a deep mark on Hong Kong and Taiwan film circles. As an actress, she won two Golden Horse Awards in Taiwan and two Hong Kong Awards respectively. As a director, from "Little Girl Fishing" to "20 30 40" received rave reviews; As a predecessor, her artists such as Jacklyn Wu, Rene Liu and Li Xinjie are outstanding; As a singer, a song "The Price of Love" has been sung so far; As the owner of an entertainment company, she excavated Yang Dechang and helped Kenneth Bi, known as the "mother of the new wave of Taiwan Province movies"; Even the objects of her scandal are Tayu Lo, Yang Dechang and other industries.

 

    She studied under Li Hanxiang and Hu Jinquan, cooperated with famous directors from Hong Kong and Taiwan, such as Ang Lee, Xu Anhua, Du Qifeng and Zhang Wanting. She was nominated for the Oscar for Best Supporting Actress for The Red Violin, which was co-produced by Canada and France. She was the first Asian actress to be selected as the focus of the Toronto Film Festival. Now, 23 years later, Zhang Aijia has once again become the "focus shadow" at the Hong Kong International Film Festival which she is familiar with.

 

Multiple Notes on Feminism: Idealization is Zhang Aijia’s film label.

 

    When it comes to Zhang Aijia, I have to mention feminism. Her films usually feature women. But everyone has a set of opinions about feminism, and not every annotation is suitable for describing Zhang Aijia’s works. Traditionally, it is believed that the purpose of feminism is to resist and win the rights of men. However, the feminism embodied in Zhang Aijia’s films does not mean to belittle men, but rather reflects the mutual understanding and tolerance between the two sexes, so that men and women can realize their own existence value in an equal relationship. Just like in "Little Girl Fishing", in the face of her boyfriend Jiang Wei’s selfish and disrespectful love, Xiaoyu went from initial resignation to later obedience to inner judgment, and stayed to take care of the sick Mario. This is a woman’s affirmation of self-worth judgment, and it is also a sober reflection after losing herself in love.

 

    At the end of 1970s and the beginning of 1980s, Hong Kong and Taiwan films, represented by Xu Anhua and Zhang Aijia, rose a feminist trend, which was greatly influenced by contemporary European and American films. Kramer vs. kramer, which won the Oscar in 1979, catered to the new family model of women’s liberation movement, and was widely welcomed by women. In the same year, Tess directed by roman polanski, Deep in My Heart starring sally field in 1984 and many other films triggered worldwide discussions on women’s movies. Zhang Aijia, who has settled in the United States with her mother since childhood, has its natural advantages in feeling the new wave.

 

    At the same time, there were filmmakers who showed obvious feminist characteristics, as well as Hong Kong directors Xu Anhua and Zhang Wanting. People always liked to compare these three female directors together. However, unlike Xu Anhua’s cold documentary and Zhang Wanting’s euphemistic dream, Zhang Aijia’s handling of female roles was more idealistic. Even if she suffered more hardships, the heroine would eventually get out of the knot and have a cool and positive attitude and a beautiful and stable life. Lily in 20 30 40 experienced her husband’s betrayal and divorce, although she tried to find a different partner. The young and gentle gentleman in Heartbeat, although he has been missing out all his life and can’t get married, both of them live a superior life and turn their regrets into precious memories of life; In Favorite, Wu Mingbao and Bai Yun fell in love with the same man. Finally, Bai Yun left with her child. After decades, the two women met again to recount their past grievances, and there was no more uproar. The ending of Zhang Aijia’s works will never make people feel desperate.

 

AUO above lover not full captures delicate and ambiguous same-sex feelings.

 

    Zhang Aijia once mentioned in an interview: "When girls grow up, there must be intimate relationships between women. Such vague feelings are earlier than boys. Later, we will all get married and have children. This feeling will not have any impact on our marriage." The ambiguous feelings between the same sex are also delicate and touching under the lens of Zhang Aijia, such as Chen Li and Xiao Rou in Heart, such as Xiaojie and A Tong in 20 30 40.

 

    Zhang Aijia’s description of same-sex feelings is more of a hazy and beautiful feeling mixed between friendship and love, but the audience can feel it from the picture. The weight of this kind of memories of youth is enough to be remembered and treasured for a lifetime. In Heartbeat, Chen Li, who has reached middle age, cried and told her husband Haojun to leave, and finally admitted that she had always loved Xiaorou. She and Haojun silently loved the same woman. In "20 30 40", Xiaojie and A Tong bid farewell to the tearful kiss at the airport, which is not only a farewell, but also a beautiful ending for the beautiful friendship gained during the pursuit of "Star Dream".

 

    Some of this concern for same-sex feelings is very straightforward. For example, in Hainan Chicken Rice directed by Kenneth Bi, Zhang Aijia plays Jane, the mother of three gay sons, who has broken his heart about the sexual orientation of the three sons, but also pays attention to the expression of girlfriends’ feelings. For example, in Yang Dechang’s One Day at the Beach, Zhang Aijia not only has a heart-to-heart relationship with the pianist played by Hu Yinmeng, the ex-girlfriend of his brother, but also has a good girlfriend around him. Same-sex love, appearing in Zhang Aijia’s films, is euphemistic, delicate, fresh and natural between friends and lovers.

 

    Liang Luoshi, the star of this new work Niannian, once played a homosexual with Rainie Yang in Tattoo, and his handsome tattoo of flowers on the other side is still impressive. This time, I collaborated with Zhang Aijia to "Calm down, slow down" in Missing. Liang Luoshi plays a young female artist, talking with her past, discussing affection and love. Two women who have had a different perspective on same-sex feelings get together to create, which is also considered as a gas field.

Hong Kong stocks in April have a vital lifeline (investment strategy and top ten gold stocks).

  Without further ado, let’s talk about the top ten gold stocks we selected in April:

  Longguang Real Estate (03380), China Resources Land (01109), Color Life (01778), Baiyun Mountain (600332)(00874), Fosun International (00656), Dongfang Electric (600875)(01072) and Geely Automobile (00175).

  Let’s talk about the retrospective performance of the top ten gold stocks in March:

  China Unicom (03969) rose 14.95%, Truly International (00732) rose 10.61%, Kerry Logistics (00636) rose 8.48%, CITIC Securities (600030) (06030) rose 7.37% and China Tower (00788) rose 4.97.

  Enter the text as follows:

  Hong Kong stocks are a volatile market in March, with the index operating space of 28,201.09-29,486.15 points, which is in line with the forecast of Zhitong Finance APP in March. Looking at 28,000 points, it will not break, and looking at the pressure of the top 30,000 points.

  In last month’s strategy report, it was pointed out: "The HSI should pay attention to the beginning of the month and the end of the month." Now, it is true. On March 8, the HSI retreated its annual line due to the downgrade of A-share brokers, and at the end of the month, it retreated again due to the decline of US stocks on March 25. Overall, it is a shock as expected.

  Judging from the market performance, the varieties that performed better in February generally showed a callback, and the brokerage varieties had a larger callback. The withdrawal of this emotional indicator showed that investors were cautious about the market. At the same time, there is also a general correction in the 5G and technology categories. On the contrary, the real estate sector has performed strongly, and the defensive food and beverage and textile and apparel categories have performed strongly. There is no improvement in big blue chips.

  After repeated shocks in March, the market in April has entered a more critical node, because after the spring market in March, April entered a more complicated situation, and there are many factors that will cause factors to the market. Therefore, Zhitong Finance APP generally believes that April will be more cautious, and there will be more unpredictable things, so be careful that there will be changes. On the bright side, as long as we hold on to April, the situation will be clearer later, but if there is an adjustment, then the adjustment will probably be larger.

  First of all, let’s look at the positive factors in April:

  The first thing to bear the brunt is the continuous promotion at the policy level, such as the central bank’s expectation of water release. Zhitong Finance believes that the RRR cut is a high probability event, and it is a matter of time, but the extent of water release needs further observation. Of course, if it is to cut interest rates, it will be a heavyweight benefit. For the time being, this possibility is small. The benefits of increasing tax cuts and fee reductions have also contributed to the market.

  Secondly, it is the expectation of incremental funds. For example, many newly issued fund-raising funds are preparing to actively enter the market. All kinds of state funds have also entered the market. At the same time, the relative weakness of external environment such as US stocks will also attract the allocation of overseas funds to Hong Kong stocks. Finally, with the weakening of the US dollar, the RMB exchange rate as a whole will form a strong support, which is also an important aspect of attracting foreign investment.

  However, there are still many unfavorable situations in April:

  First, the progress of Brexit. To prevent the extreme situation of Brexit without agreement, all EU countries are considering how to deal with this risk and pay close attention to this progress.

  The second is the Sino-US trade negotiation, which is expected to be bargained. The grounding of Boeing 737MAX incident is only an episode, and China and the United States are still competing for 5G. This process is difficult to accomplish overnight. I’m afraid it will take a long time. We should be prepared for a protracted war and pay attention to some information conveyed, which will have a great impact on the stock market.

  Third, there is a key data to pay attention to. The PMI in early April, the economic data in the first quarter and March around April 15th, including the house price index of 70 large and medium-sized cities released by the National Bureau of Statistics of China in March, etc., will be the key factors to determine the next market direction. If the data is biased, it will stimulate the stock market positively; if the data is weak, it will put pressure on the confidence in the market.

  Fourth, the situation in Latin America and the Middle East, especially the turmoil in Venezuela, Rarity and Latin America, has now formed a wrestling between the United States and Russia. Once the conflict intensifies, it will pose a greater risk point.

  Fifth, we should be careful that the situation of "three kills of foreign exchange and bonds" in Turkey will spread, and emerging markets should be careful that there will be transmission.

  Sixth, the risk of US stocks. For the time being, the trend of US stocks is still benign, but we should also pay attention to the risk of downside.

  Judging from the above situation, Hong Kong stocks should pay special attention to this key node around the 15th, and the market will generally reflect it in advance. The normal index range continues to look at 28,500-30,000 points. If you prefer, you have a chance to break through 30,000 points. If the situation is not good, look at the support of 28,000 points, and the extreme situation is 27,500 points.

  Investment strategy in April: grasping the main line of favorable policies

  In March, the top ten gold stocks continued to outperform the broader market. The Hang Seng Index rose by 2.57% in the same period, and the top ten gold stocks rose by an average of 6.02% in March. The specific increase is as follows:

  The biggest gains of the top ten gold stocks in March: China Tonghao (03969) rose by 14.95%, Truly Trust International (00732) rose by 10.61%, Kerry Logistics (00636) rose by 8.48%, CITIC Securities (06030) rose by 7.37% and China Tower (00788) rose by 4.97.

  In April, there will continue to be no trend market, or we will survive in the shock. The promotion of favorable policies is expected to become the mainstream in April. Zhitong Finance is expected to have several directions. First, lowering the RRR or cutting interest rates will directly stimulate real estate stocks, which is the biggest main line; Second, this kind of reform, such as the merger and reform of central enterprises, etc. The third is the expectation of consumer May Day holiday after performance baptism; Fourth, medicines and automobiles in the direction of value revaluation.

  The details are as follows:

  Real estate: Longguang Real Estate (03380), China Resources Land (01109)

  Real Estate Property: Cai Life (01778)

  Medicine: Baiyun Mountain (00874)

  Finance: Fosun International (00656)

  Power: Dongfang Electric (01072)

  Car: Geely Automobile (00175)

  Consumption: over the rainbow Textile (02678) and Tsingtao Beer (00168).

  Manufacturing: China Zhongwang (01333)

  The detailed list is as follows:

  1. Longguang Real Estate (03380)

  In 2018, Longguang Real Estate’s home advantage in Guangdong-Hong Kong-Macao Greater Bay Area’s core cities was further revealed. The number of transactions and transaction area of the company in Shenzhen market ranked first in the city, and it was in the forefront in cities such as Zhuhai and Foshan. At the same time, the company won the title of both equity sales and sales area in Nanning, and continued to rank first in Shantou. At present, the company has abundant funds and no financial pressure due to debt. As the real estate industry enters the accelerated integration period, there will be a large number of M&A opportunities in the industry. In the future, the company will actively seek more M&A targets and lock in more high-return projects at low cost.

  2. China Resources Land (01109)

  As one of the representatives of central enterprises, China Resources remained stable in 2018, achieving contracted sales of 210.68 billion yuan, up 38.5% year-on-year, and officially entering the 200 billion camp, once again maintaining the consistent scale and ranking of China Resources at an appropriate growth rate. By the end of 18 years, China Resources Land owned and operated 9.21 million square meters of commercial properties, including 23 Vientiane City/Vientiane World and 12 Hi5/ Vientiane Hui. In addition, 43 shopping centers are under construction. China Resources Land also operates 17 asset light shopping center projects. In addition to real estate development and investment in property business, China Resources Land has achieved new growth by implementing the "2+X" business model. X business includes urban renewal, property management, long-term rental apartments, homes for the aged, culture and sports, industrial funds and Vientiane cinemas. At present, the company is operating more than 30 urban renewal projects, including 16 key projects with a construction area of 22 million square meters, which may be realized in the next few years. By the end of 18 years, the contracted area of the company’s property management business reached 100 million square meters, and it is expected to reach 200 million square meters in 2020. The amount sold but not carried forward is RMB 187.4 billion, of which RMB 99.2 billion will be confirmed in 2019.

  3. Color Life (01778)

  Color Life achieved brilliant results in 2018, with high-speed endogenous growth in contract management area and leading industries in many indicators. As the company continues to expand its service area in the form of "platform output" and the "Big Dipper": e-safety, e-maintenance (including e-elevator), e-energy, e-cleaning, e-greening, e-payment and e-complaint, the platform of basic property management functions is realized.

  4. Baiyun Mountain (00874)

  In 2018, the consolidated revenue of GPHL increased greatly, and many factors affected profits in the fourth quarter. Integration of Guangzhou Pharmaceutical Co., Ltd., some minority shares of Wang Laoji Pharmaceutical Co., Ltd. and Wang Laoji trademark. The equity of the two core subsidiaries has been increased, and the current book holds 16 billion cash. In 2019, the company plans to invest 3.1 billion capital expenditure, mainly for the construction of production bases, equipment renewal and information system construction, and start a new round of asset-driven endogenous growth. It is estimated that in the next three years, big business, Danan medicine, Chinese medicine and Dajian will maintain a steady growth rate of about 8%, Danan medicine will maintain a double-digit growth rate, and profits will be higher than revenue growth rate due to synergy.

  5. Fosun International (00656)

  Fosun’s international business mainly focuses on three ecological and industrial unicorns: health, happiness and prosperity. As the basic assets of the company, Fuyu Ecology includes many financial businesses such as insurance, banking, securities and asset management, and is mainly responsible for providing stable cash flow. Health and happiness are the core assets for the company to implement C2M strategy. The industrial unicorn is the result of Fosun’s strategy of "technology leading and innovation driving". C2M proposed by Fosun aims to connect customers and manufacturing terminals through artificial intelligence, big data, cloud computing and other technologies, and fully meet the individual needs of customers by optimizing supply chain and upgrading products, so as to help its enterprises release surplus capacity and achieve rapid growth. We are optimistic about the growth of the company’s industrial investment layout and the strong ability of the group level to empower post-investment management and resource integration.

  6. Dongfang Electric (01072)

  The company is an old-fashioned central enterprise. In the field of hydropower, the group has made phased progress in the first million-kilowatt turbine runner used in Baihetan Power Station, the largest hydropower station under construction in the world. In the field of wind power, we focused on the development of 8-10 MW high-power units for offshore use, and were awarded the IEC design certification certificate for 10 MW offshore wind turbines, becoming the first complete machine manufacturer in China and the second in the world to obtain this certificate; In terms of thermal power, the 630-degree high-efficiency ultra-supercritical unit being manufactured by the group is also at the advanced level in the world; In terms of hydrogen energy, the group developed a new generation of hydrogen energy batteries last year, which improved the efficiency while reducing the cost by 15%. In addition, the Group is laying out the R&D and application of new energy materials, promoting intelligent manufacturing, actively promoting mixed reform and asset securitization, and building a global leading energy equipment power system solution provider.

  7. Geely Automobile (00175)

  We are optimistic about the company’s layout in terms of technology, models and platforms. At present, Geely Automobile owns Volvo Cars, British sports car brands Lotus and Proton of Malaysia, and holds shares in the truck manufacturer Volvo Group. Bo Yue and Emgrand GS preserved their strength, and their vision X3, Lectra series and 18-year-old new models Binrui and Binyue performed brilliantly. At the beginning of last year, Zhejiang Geely, the parent company, invested in Daimler, the parent company of Pingzhi Car Factory in Germany, and cooperated for the first time to produce cars. The two sides formed a joint venture company, each holding 50% of the shares, and jointly developed the "smart" brand in the world, which will become a brand of pure electric smart cars, and it is expected to further reflect its comprehensive advantages and gain more market share.

  8. over the rainbow Textile (02678)

  The company is one of the best textile manufacturing enterprises in China. The management team is professional and efficient, and has a highly forward-looking investment vision (it has been produced in Vietnam in 2006, and the accumulated investment currently exceeds 4 billion yuan). In addition to the yarn industry being active as a global elastic core-spun yarn leader and continuing to achieve large-scale expansion in the future, the pace of vertical integration continues to advance (including the vertical industrial chain layout in Vietnam, the acquisition of vertical Nianxing Textile to enter the jeans business, the acquisition of Huafeng Knitting, and Zhejiang Qingmao to enter the downstream fabric business, etc.). In addition, the establishment of a joint venture with Hong Kong Qingye, a leading enterprise in the woven dyed fabric industry, will make the company’s vertical integration "even more powerful". As the leader of China’s textile enterprises with high management efficiency and vertical integration strategy, with the increase of scale and the sales and R&D capabilities of Hong Kong Qingye, the market outlook will continue to be firm and optimistic.

  9. Tsingtao Beer (00168)

  Tsingtao Brewery has a long history, is well-known at home and abroad, with outstanding brand value, high-end product positioning and leading the industry in ton price. Consumption upgrading and ton price increase will be the core driving forces for the development of the beer industry in the future, and the target with excellent pattern is expected to continue to benefit. At present, the industry has shifted from low-end price war competition to high-end brand competition, and the price war has slowed down. From April 1, 2019, the VAT rate will drop from 16% to 13%, which will greatly increase the net profit of the beer industry. Tsingtao Brewery, as the leading beer industry in China, is expected to benefit from the increased concentration after the change of the pattern. In addition, Fuxing, as a financial investor, is expected to promote the reform of the company’s internal mechanism and release the vitality of the enterprise.

  10. China Zhongwang (01333)

  The main revenue of the Group is the sales revenue of aluminum extrusion business, aluminum calendering business and deep processing business. At present, the share of aluminum alloy templates in the national template market is only 18%, which is 50% to 60% compared with the average level in Europe and America, and there is considerable potential replacement space. The Group continued to help China rail transit trains speed up and upgrade, supplying aluminum for the high-speed rail "Fuxing" EMU, and exclusively supplying deep-processed products such as car bodies and large parts of car bodies for commercial maglev version 2.0 trains. Automobile panel products have passed the certification of some domestic new energy automobile manufacturers, and started to supply in small quantities. The second production line has started the trial production of samples for some potential customers. Overseas market: The Group has become a first-class supplier of Jaguar Land Rover, and will directly provide high-quality aluminum alloy product solutions for its British factories, and formally enter the supply chain of overseas automobile manufacturers. The production efficiency of Alunna, a high-end aluminum extrusion subsidiary of the Group in Germany, has been significantly improved, and the project successfully passed the certification of Airbus "IPCA+" (Industrial Process Control Assessment) and was awarded "A" grade. SilverYachts, an all-aluminum alloy super yacht company under the Group, will deliver a newly built super luxury yacht within this year, and at the same time, speed up the market layout of China, and choose Jiangmen as the site to build a production base for commercial boats and aluminum alloy yachts.

  Text/Wan Yongqiang (Director of Zhitong Financial Research Center)

  Disclaimer: The shares in this article are only for discussion by shareholders, and shall not constitute investment advice. The stock market is risky, so you need to be cautious in investing.

This article first appeared on WeChat WeChat official account: Hong Kong Stock Excavator. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.

(Editor: HN666)

Shaanxi: Promote the development of hydrogen energy industry and build 2-3 thousand-ton fuel cell-grade hydrogen plants.

  According to the website of the People’s Government of Shaanxi Province, on September 17th, Shaanxi issued the Notice on Several Measures to Accelerate the Establishment and Improvement of a Green and Low-carbon Circular Economic System. By 2025, the installed capacity of non-fossil energy will increase to 49.5%, the geothermal heating area will increase to 70 million square meters, and the consumption of non-fossil energy in the province will reach 16%. Accelerate the preparation of the Development Plan of Hydrogen Energy Industry in Shaanxi Province, promote the development of hydrogen energy industry, support the construction of large-scale by-product hydrogen purification projects in Yulin, Weinan, Tongchuan and Hancheng, and form 2-3 thousand-ton fuel cell-grade hydrogen plants.

  Attached are several measures to accelerate the establishment and improvement of a green and low-carbon circular economic system.

  In order to implement the "Guiding Opinions of the State Council on Accelerating the Establishment and Improvement of a Green Low-carbon Circular Development Economic System" (Guo Fa [2021] No.4), green planning, green design, green investment, green construction, green production, green circulation, green life and green consumption will be implemented in all directions and in the whole process, and the green low-carbon circular development economic system in our province will be accelerated, and high-quality development and high-level protection will be promoted as a whole to ensure the realization of peak carbon dioxide emissions and carbon neutrality.

  First, improve the production system of green and low-carbon circular development

  (1) Accelerate the green transformation of industry. We will further promote the dual control of total energy consumption and intensity. During the Tenth Five-Year Plan period, the province’s energy consumption intensity decreased by 13.5% and the carbon dioxide emission intensity decreased by 18%. Resolutely curb the blind development of high-energy-consuming and high-emission projects, actively and steadily dispose of projects under construction and proposed according to laws and regulations, and deeply tap the energy-saving potential of existing projects. Vigorously carry out energy-saving, water-saving, comprehensive utilization of resources and technological transformation of cleaner production in the industrial field. Promote product green design and support enterprises to establish national industrial product green design demonstration enterprises. Encourage parks and enterprises to implement green manufacturing and safe production transformation, and strive to add more than 100 national and provincial green factories, green products, green parks and green supply chain management enterprises by 2025. Further promote the construction of national demonstration bases for comprehensive utilization of bulk solid waste in Xi ‘an, Weinan, Yulin and Hancheng, and promote the comprehensive utilization of industrial solid waste. According to the law and regulations, the "scattered pollution" industrial enterprises will be subject to normal supervision to ensure dynamic clearing. We will build a regulatory system for fixed pollution sources with the pollutant discharge permit system as the core, promote the linkage management of pollutant discharge permits for fixed pollution sources, and gradually realize the "one-certificate" management of pollutant discharge permits.

  (2) Promoting the green development of agriculture. Strengthen the certification and management of green food and organic agricultural products, set up a provincial organic industry development alliance, and build more "small fungus and big industry" based on geographical indication products. Carry out standardized demonstration activities of livestock and poultry breeding, promote the comprehensive utilization of crop straw, and build 20 key counties for comprehensive utilization of straw. Strengthen the supervision of the whole process of agricultural film, popularize standard film, and demonstrate the promotion of biodegradable film. We will continue to promote the reduction and efficiency increase of chemical fertilizers, implement the action of replacing chemical fertilizers with organic fertilizers, and build 50 demonstration counties for the reduction and efficiency increase of chemical fertilizers. Develop forestry circular economy and implement the construction project of forest ecological label products. Vigorously promote agricultural high-efficiency water-saving technology, carry out experiments and demonstrations of dry farming water-saving technology, and add more than 3 million mu of high-efficiency water-saving irrigation area by 2025. Promote the deep integration of agriculture with tourism, education, culture, health and other industries, and strive to build 10 national and 100 provincial demonstration parks for rural industrial integration during the 14 th Five-Year Plan period.

  (3) Promote the green upgrade of the service industry. Promote the green upgrade of commercial enterprises and cultivate a number of green circulation subjects. Deepen the creation of green shopping malls, and strive to meet the requirements of creating green shopping malls by more than 50% of large shopping malls in the province by 2025. Develop the sharing economy in areas such as travel and accommodation in an orderly manner. Accelerate the construction of green data centers and promote the energy-saving and green transformation of existing data centers in an orderly manner. Promote the green development of the convention and exhibition industry, improve and perfect the relevant standards including design and construction, exhibition and conference activities, and promote the recycling of exhibition facilities. Promote the use of raw and auxiliary materials with low volatile organic compounds in auto repair, decoration and other industries. Strengthen the ban on plastic products in hotels, restaurants and other industries. By 2025, star-rated hotels and hotels in the province will no longer provide disposable plastic products.

  (4) Strengthen the green environmental protection industry. Vigorously support the construction of national green industry demonstration base in Xi ‘an Economic and Technological Development Zone, and strengthen services such as technology, financing and industrial chain support. Give play to the leading and supporting role of Shaanxi Drum Power, Shaanxi Environmental Protection Group, Sixth Aerospace Institute and other enterprises, and strengthen the research and development and industrialization of key energy-saving and environmental protection technology and equipment products. Promote the construction of Longji photovoltaic cells and components, Yulin Kechuang Hydrogen Energy New City, Ankang Advanced Energy Storage Industrial Park and other projects. We will implement contract energy management, contract water-saving management, and the third-party governance model of environmental pollution, promote the establishment of environmental custody services oriented to environmental governance effects, encourage public institutions to implement energy custody services, with party and government organs taking the lead, and gradually implement them in system industries such as education, health, sports, science and technology and culture. Implement the guidance catalogue of green industry and promote the development of green industry.

  (5) Improve the green and intensive development level of development zones and industrial clusters. Scientifically prepare the development and construction plan of new industrial parks, and define the access standards such as energy consumption, water consumption, material consumption, environmental protection and industrial circular chain. Promote the reform of "standard land" for industrial investment projects in development zones above the provincial level, and improve the land use efficiency and output benefit per unit area. Strengthen the guidance of "heroes on average per mu", improve the mechanism of land development and utilization, and strictly control the input and output of project land. Strictly implement the requirements of national energy conservation and environmental protection policies, and strictly control the landing of projects with high energy consumption and high emissions. We will promote the co-construction and sharing of environmental infrastructure such as energy cascade utilization, water supply and drainage, sewage collection and treatment, reclaimed water reuse, solid waste disposal and resource utilization, and hazardous waste collection and disposal in the park, and all parks above the provincial level with conditions will be recycled before the end of 2025. Support a number of enterprises such as Shaanxi Drum Group to build comprehensive energy projects in which electricity, heat, cold and gas cooperate with each other.

  (6) Building a green supply chain. Encourage enterprises to carry out green design, choose green materials, implement green procurement, create green manufacturing processes, implement green packaging, carry out green transportation, and recycle waste products to achieve green environmental protection throughout the product cycle. Create a number of green supply chain management demonstration enterprises in industries with great social influence, long supply chain and strong driving role, such as automobiles, communications, aerospace and large-scale complete equipment machinery, actively strive for national green supply chain pilots, explore the establishment of green supply chain system, and add 5 national and provincial green supply chain management enterprises by 2025. Encourage industry associations to improve the green level of industry supply chain by formulating norms, consulting services and industry self-discipline.

  Second, improve the circulation system of green and low-carbon circular development

  (7) Create green logistics. We will continue to promote the "revolving railway" for the long-distance transportation of bulk goods, and build national-level multimodal transport demonstration projects such as Xi’ an Port and China Railway Lianji. Promote the establishment of urban green freight distribution demonstration projects in an orderly manner, and give priority to the use of new energy vehicles in airport services, urban logistics distribution, postal express delivery and other fields. Accelerate the construction of special railway lines for large industrial and mining enterprises and logistics parks. Strengthen the organization and management of logistics and transportation, and accelerate the construction of relevant public information platforms and information sharing. Support Xi ‘an-Xianyang, Yulin Airport to carry out the construction and application of aircraft auxiliary power plant replacement equipment. Support logistics enterprises to build a digital operation platform, encourage the development of smart warehousing and smart transportation, and promote the establishment of a standardized pallet recycling system. By 2025, the utilization rate of standardized pallets in key logistics enterprises in the province will increase to over 70%. Promote the green transformation of express packaging, promote the cooperation between e-commerce and manufacturers, realize the original direct delivery of key categories of express mail, and carry out pilot projects for the large-scale application of recyclable express packaging.

  (eight) to strengthen the recycling of renewable resources. Promote the "two-network integration" of garbage sorting and recycling, and support Baoji, Xianyang, Tongchuan and other cities to build a number of regional trading centers for renewable resources and centralized sorting and large-scale garbage splitting centers. By 2025, the recycling rate of urban domestic garbage in the province will reach more than 35%. Implement the demonstration project of recycling construction waste, and promote the construction of demonstration cities of recycling construction waste in Xi ‘an and other cities. By 2025, the comprehensive utilization rate of new construction waste in the province will reach 60%, and the stock will be reduced in an orderly manner. Accelerate the implementation of the extended producer responsibility system, strengthen the traceability management of power batteries for new energy vehicles, and actively promote the construction of recycling projects for used power batteries. Encourage enterprises to adopt modern information technology to realize the organic combination of online and offline waste recycling, cultivate new business models and build leading enterprises. Improve the recycling system of used household appliances.

  (9) Promote green trade. Actively optimize the trade structure, vigorously develop the trade of green products with high quality and high added value, and strictly control the export of products with high pollution and high energy consumption. Deepen the green "Belt and Road" cooperation and build a number of demonstration projects in the fields of green agriculture, ecological forestry, clean energy, energy conservation and environmental protection industries.

  Third, improve the consumption system of green and low-carbon circular development

  (ten) to promote the consumption of green products. Strengthen the construction of green procurement system, promote the embedding of policy requirements supporting green development in government procurement demand standards, increase government green procurement efforts, further expand the procurement scope of green products such as energy conservation and environmental labeling, and encourage the procurement of higher standards of energy-saving, water-saving, environmental protection, recycling and low-carbon products. Explore the establishment of a green procurement system for state-owned enterprises, and guide state-owned enterprises to give priority to purchasing and using green products and services. Strengthen the guidance for enterprises and residents to purchase green products, and encourage consumption subsidies, bonus points and fixed-point sales to guide green consumption. Promote the e-commerce platform to set up a green product sales area. Strengthen the certification management of green products and services, and improve the credit supervision mechanism of certification bodies. Severely crack down on illegal activities of green products with false labels, intensify investigation and punishment, and publicize administrative punishment information in the national enterprise credit information system (Shaanxi). Timely introduction of local standards for green products closely related to residents.

  (eleven) advocate a green and low-carbon lifestyle. We will carry out food conservation actions in depth, resolutely stop food waste, and reduce food loss and waste in production, transportation, processing, storage and consumption. Promote the classification of domestic waste according to local conditions. By 2025, domestic waste classification and treatment systems will be basically established in cities above the municipal level, Yangling Demonstration Zone and hancheng city. Strengthen the control of plastic pollution, scientifically and reasonably promote the reduction of plastic sources, and encourage the public to reduce the use of disposable plastic products. Vigorously promote green travel and further enhance the service capacity of urban public transport. Carry out patriotic health campaign in depth to create a livable living environment. Carry out green life creation actions such as conservation-oriented institutions, green families and green schools.

  Fourth, accelerate the green upgrade of infrastructure.

  (12) Promote the green and low-carbon transformation of the energy system. Actively develop renewable energy, continue to expand the scale of wind power and photovoltaic power generation, and develop geothermal energy according to local conditions. By 2025, the installed capacity of non-fossil energy will increase to 49.5%, the heating area of geothermal energy will increase to 70 million square meters, and the consumption of non-fossil energy in the province will reach 16%. Accelerate the preparation of the Development Plan of Hydrogen Energy Industry in Shaanxi Province, promote the development of hydrogen energy industry, support the construction of large-scale by-product hydrogen purification projects in Yulin, Weinan, Tongchuan and Hancheng, and form 2-3 thousand-ton fuel cell-grade hydrogen plants. Increase the supply of clean energy in rural areas and promote the development of biomass energy in rural areas according to local conditions. Optimize the scale and layout of coal-fired power development, and continue to promote the elimination of backward production capacity, energy saving and ultra-low emission upgrading of coal-fired power units. New coal consumption projects in Guanzhong area will be replaced by coal consumption reduction, and negative coal consumption will be achieved by 2025. Implement urban and rural distribution network construction and intelligent upgrade plan to promote the upgrading of rural power grid. Improve the utilization level of natural gas and accelerate the construction and interconnection of natural gas infrastructure. Vigorously promote the demonstration project of carbon dioxide capture, utilization and storage.

  (thirteen) to strengthen the construction of urban environmental infrastructure. Promote the full coverage of urban sewage pipe network, speed up the upgrading of sewage treatment facilities, and carry out pilot demonstration of sewage resource utilization. By 2025, the collection rate of urban domestic sewage will reach 70% and the treatment rate will reach over 95%. Accelerate the construction of sludge harmless resource disposal facilities, and by 2025, the urban sludge treatment rate will reach over 90%. Accelerate the construction of waste incineration facilities in areas where the daily domestic waste turnover in urban built-up areas exceeds 300 tons, and encourage the construction of incineration facilities through cross-regional co-construction and sharing in areas where large-scale waste incineration facilities are not available. Consolidate and improve the capacity of centralized hazardous waste disposal facilities in Xianyang, Weinan, Yulin and Hanzhong. Accelerate the construction of medical waste collection, transshipment and disposal facilities, and realize that counties have transshipment systems and cities have disposal facilities. Do a good job in resource utilization and harmless treatment of kitchen waste.

  (fourteen) improve the green level of transportation infrastructure. The concept of green and low carbon will run through the whole process of transportation infrastructure planning, construction, operation and maintenance, and green roads, green railways and green airports will be actively built. Strengthen the construction of supporting infrastructure such as charging, replacing electricity and hydrogenation of new energy vehicles. Actively promote the application of warm mix asphalt, intelligent ventilation, auxiliary power replacement and energy-saving lamps, sound barriers and other advanced technologies and products of energy conservation and environmental protection. Increase the comprehensive utilization of waste pavement, asphalt, dredged soil, construction waste, etc. in the transportation field. By 2025, the recycling rate of waste asphalt pavement materials on expressways and ordinary national and provincial trunk highways will reach above 95% and 80% respectively.

  (fifteen) to improve the urban and rural living environment. Encourage cities to leave blank and increase green, expand green public spaces in urban centers and old cities, and focus on building forest cities. Carry out the action of creating green communities and promote the greening of community infrastructure. Vigorously develop green buildings and actively promote prefabricated buildings. By 2025, new buildings in cities and towns in the province will fully implement green building standards and build 1 million square meters of ultra-low energy consumption buildings. Accelerate the improvement of rural human settlements and solidly promote the rural toilet revolution. By 2025, rural sanitary toilets in the province will be basically popularized, and toilet manure will be basically treated harmlessly. Promote the treatment of rural domestic sewage by zoning and classification, strengthen the treatment of black and odorous water bodies in rural areas, and improve the collection, transportation and disposal system of rural domestic garbage. By 2025, the treatment rate of rural domestic sewage will reach 40%, and the effective treatment rate of rural domestic garbage will reach 90%.

  V. Building a market-oriented green technology innovation system

  (16) Accelerate the research and development of green and low-carbon technologies. Fully rely on Qin Chuangyuan’s innovation-driven platform to accelerate the development and promotion of green and low-carbon technologies. Give full play to the role of the provincial and ministerial departments in jointly building the State Key Laboratory of Green Building in Western China, and support the research on core key technologies in the fields of energy conservation, environmental protection, clean production and clean energy through provincial science and technology projects. Strengthen the dominant position of enterprise innovation, support enterprises to integrate universities, research institutes, industrial parks and other forces to establish a market-oriented green technology innovation consortium, and encourage enterprises to take the lead or participate in green technology research and development projects supported by financial funds and green technology innovation projects with clear market orientation. Strengthen demand-and problem-oriented scientific and technological innovation, further open up the scientific and technological research and development system of provincial state-owned enterprises, and establish a system of "revealing the list and taking the lead" in which enterprises hang up the list and universities and research institutes reveal the list.

  (seventeen) to promote the transformation of scientific and technological achievements. Give full play to the role of the provincial achievement transformation guidance fund, guide and incite more social capital to support the transformation and application of green technology innovation achievements. Encourage enterprises, universities, scientific research institutions and other subjects to establish green technology innovation project incubators or innovation and entrepreneurship bases, and provide supporting services for green technology innovation projects relying on professional technology platforms. Support basic universities and research institutes, and give priority to deepening the pilot work of scientific and technological achievements ownership or long-term use right of scientific researchers in the field of green technology. Strive for our province’s green technology to be listed in the national promotion catalogue, accelerate the popularization and application of advanced and mature technologies, and guide enterprises to actively participate in green technology transactions.

  Six, improve the policy support and legal system.

  (eighteen) to strengthen the protection of laws and regulations. Improve laws and regulations, strengthen law enforcement supervision, increase the investigation and accountability of illegal acts, and strengthen the coordination between administrative law enforcement organs, supervisory organs and judicial organs.

  (19) Improve policy support. Reasonably adjust the charging standard of sewage treatment fees, implement the payment system for urban domestic waste producers, and reflect differentiated management such as classified pricing and metering charges. We will improve the electricity price mechanism for energy conservation and environmental protection, comprehensively clean up the preferential electricity prices for industries with high energy consumption and high pollution, and implement a differential electricity price policy for electricity consumption by eliminated and restricted enterprises. Continue to use financial funds to support efficient use of energy and recycling of resources. We will continue to implement preferential policies on income tax and value-added tax in energy conservation, water conservation and environmental protection, comprehensive utilization of resources, contract energy management and third-party treatment of environmental pollution. Implement the resource tax law and continue to do a good job in the pilot work of water resource tax. Accelerate the construction and implementation of the green standard system, and continue to expand the development of necessary green standards. Carry out statistical tracking, monitoring and comparative analysis of energy production and consumption, and strengthen pre-research, pre-judgment and early warning.

  (20) Vigorously develop green finance. Establish a coordination mechanism for the green financial sector, formulate and improve technical standards and institutional norms related to green finance, set up an information sharing platform for green projects, and incorporate green finance into the comprehensive assessment of financial institutions. Encourage financial institutions to innovate green financial products and services, and support the establishment of green financial departments or green banks in Shaanxi financial institutions. Vigorously develop green direct financing and set up green industry development investment fund. Guide enterprises to issue green corporate bonds and asset-backed securities and optimize the financing structure. Develop green insurance and give play to the role of insurance rate adjustment mechanism. Seize the opportunity of registration system reform, actively support qualified green enterprises to issue shares, and support listed green enterprises to refinance through fixed increase, share allotment and convertible bonds, so as to reduce financing costs.

  (twenty-one) to cultivate a green trading market mechanism. Further improve the trading mechanisms such as emission rights, energy use rights, water use rights and carbon emission rights, reduce transaction costs and improve operational efficiency. Accelerate the establishment of initial distribution, paid use, market transactions, dispute resolution, supporting services and other systems, and do a good job in the docking and coordination of green ownership transactions and related targets.

  Seven, grasp the organization and implementation

  (twenty-two) do a good job in implementation. Municipalities (districts) governments should conscientiously implement them in light of the actual situation. Provincial Development and Reform Commission should strengthen overall coordination, and timely sort out and summarize the achievements, experiences and practices of green and low-carbon circular development of cities (districts) and relevant departments. The relevant departments of the provincial government should perform their respective duties, formulate annual work plans and measures and do a good job of implementation, strengthen coordination and close cooperation, form a joint effort, and report major issues to the provincial party Committee and the provincial government in a timely manner.

  (twenty-three) to strengthen publicity and guidance. Municipalities (districts) and relevant departments should sum up good experience and good models in a timely manner and increase their popularization and application. All kinds of news media should vigorously publicize the remarkable achievements made in the development of green and low-carbon cycle, actively publicize the advanced experience, and timely expose the negative examples of ecological destruction, environmental pollution, serious waste of resources and blind launching of high-energy and high-emission projects.