Huawei will continue to invest in the media field, with the core value of "spreading the mainstream, integrating wisdom with simplicity", combining with the judgment of cutting-edge trends and understanding of major scenes, and by innovating new technologies, building new capabilities, improving new ecology, joining hands with industry partners to serve the deep digital transformation and intelligent development of the industry, and jointly promoting the continuous evolution of the media in the direction of intelligence, minimalism and integration.

On November 24th, the 2021 China Online Media Forum, co-sponsored by the Central Network Information Office, the Central Radio and Television General Station and the Guangdong Provincial Party Committee Network Information Committee, was held in Guangzhou, Guangdong Province with the theme of "Development and Order, Making Large Traffic Surge Positive Energy". This forum, focusing on the topics of online media content innovation, technology empowerment, industrial development, responsibility contribution and Greater Bay Area, thoroughly explores the new situation, new challenges and new topics currently facing, promotes the innovation, integration and intelligent development of online media, and jointly plans new ideas, new directions and new paths for the future development of online media.

At the same time, Huawei co-organized a technical sub-forum with the mainstream central media people’s network, and displayed three exhibition areas of "new creation, new experience and new live broadcast" with the theme of "wisdom, simplicity, media integration and value innovation" in the exhibition area, with a total of 12 exhibition points. Using technologies such as 5G, cloud computing and AI, Huawei’s latest technologies and application achievements in the media field were comprehensively demonstrated in innovative technologies such as digital content production, HMS Core3D modeling service, digital content copyright protection, AR, VR, digital person+real-time sign language translation, artistic works creation and distributed live broadcast service based on distributed capability development of HarmonyOS system. Promote the integrated development of "quality content+leading technology", enable new technologies to empower the media, and open a new chapter in the development of the media industry.

New technology and new scene

"Committed to bringing the digital world to everyone, every family and every organization, and building a smart world with the Internet of Everything." Corporate vision and its mission have made Huawei a source of new technology supply in the era of smart media.

Technologies such as 5G, cloud computing and AI are the important cornerstones of building an intelligent communication system. Huawei gives full play to its own advantages in cloud computing, network, terminals and ecological construction, and empowers technology in the process of promoting deep media integration and building new mainstream media. By changing the partner system, Huawei has formed a new eco-partner cooperation mechanism, innovated and developed with its partners, constantly established new scene applications, and jointly promoted the development of media applications in the direction of intelligence, minimalism and integration.

Ubiquitous cloud native services help build an intelligent communication pattern. In the process of intelligent media construction in China, Huawei, with its outstanding cloud service capabilities, has become a solid technical cornerstone for the construction of intelligent communication pattern in China, enabling the intelligent transformation of institutions and promoting the upgrading of media business. Huawei Cloud provides two kinds of solutions for the media industry, one is a business-oriented solution that provides specific business support, and the other is an institutional solution that enables media integration and transformation. Business-oriented solutions are the embodiment of Huawei’s cloud-based capabilities, and cloud infrastructure and computing resources can support media-specific business needs. Rendering solution, digital marketing solution, fast video solution and cloud VR solution have solved the problem of investment threshold for media high-performance IT infrastructure. For example, Huawei Cloud provides Mango TV with video-on-demand service supporting T-class bandwidth peak. The institutional solution demonstrates Huawei Cloud’s advanced empowerment of industry organizations, and is committed to the integration and transformation of media organizations on a macro level. Huawei Cloud’s "Converged Media Solution" helps the media to realize the cloud transformation of "collecting, editing, sending and storing" quickly, and the "5G Media Solution" solves the problem of media 5G network adaptation and supports the optimization of complex mobile application experience.

Leading the global 5G technology and providing "full chain" technical services for intelligent communication. Entering the intelligent era, Huawei is gradually becoming a "full chain" technology service provider for intelligent communication. In terms of network coverage, Huawei continues to promote China’s network construction with communication technology. The "RuralStar" solution can quickly provide high-quality broadband services to remote areas, promote "digital inclusiveness", and further expand the network "Zhilian" picture; In terms of network transmission, Huawei’s 5G technology provides basic technical support for high-quality high-speed network communication, and now it has realized the comprehensive opening of end (terminal), pipe (network), cloud (cloud service) and core (chip); In terms of network deployment, Huawei introduced AI and other technologies, and launched "intelligent" network applications such as "iMaster MAE" mobile network automation engine technology with open architecture and "5GtoBSuite" network automation management platform to improve the efficiency of network operation and maintenance. With the increasing demand for wireless networks by end users and vertical industries, the 5G industry has become a new engine for the growth of the wireless industry. Through end-to-end innovation, Huawei has built a 5G network with excellent performance and energy saving, providing strong technical support for opening up the "last mile" of communication.

Construct a "1+8+N" equipment circle to form an intelligent communication ecosystem. From terminals to Internet of Things (IoT) devices, Huawei redefines the experience through AI, allowing consumers to get the ultimate personalized "full-scene smart life" experience in the whole scene of home, travel, office, audio-visual entertainment and sports health. Huawei’s "1+8+N" device circle takes smart terminals as the main entrance, tablets, PCs, VR devices, wearable devices, smart screens, smart audio, smart speakers and car machines as the auxiliary entrances, and pan-IoT devices connect the digital world, and create a smart life experience for consumers around five scenes: home, office, travel, sports health and audio-visual entertainment. In the future, HarmonyOS (HarmonyOS System) will become the core link of serial devices, and also provide a guarantee for the realization of wider intelligent communication at the user level in the control of the underlying system. The cross-device information transmission and sharing of Huawei terminals has broken through a single scene, laid a foundation for accumulating more data for itself, and provided an innovative soil for partners in the media industry in yowza.

From multimedia communication to all-media product technical services, Huawei has been deeply involved in the application and continuous innovation of media technology for 25 years, providing solutions for partners in five major areas: ultra-high definition, media convergence, film and television, smart publicity and smart radio and television, hoping to promote the development of the media industry in the direction of intelligence, minimalism and integration and promote industrial upgrading.

New creation and new live broadcast

In this forum, Huawei’s new creative exhibition area focused on the digital content production line, HMS Core 3D modeling service, Huawei information flow engine and petal chain innovation platform, while the new live exhibition area was a comprehensive presentation of Huawei’s multi-perspective, Huawei cloud free perspective and distributed live broadcast.

Huawei cloud digital content production line mainly solves the problems of content development and production efficiency and cross-regional multi-team collaboration, and works with users in the media industry to create an industry technology ecology. Relying on the four capabilities of cloud production, cloud rendering, cloud desktop and media AI, this production line provides industry users with full-process technical services from virtual shooting, film/animation post-production, variety post-production, digital production, lightweight cloud live broadcast and other film and television production and release.

In the field of graphics and images, Huawei’s 3D modeling service is based on Huawei’s self-developed algorithm, which can provide users with the functions of 3D object modeling, material generation and motion capture, and realize efficient production of 3D digital content. 3D object modeling greatly reduces the threshold dependence of hardware. Users only need an ordinary RGB terminal to generate high-precision 3D geometric models with one click. Material generation is to highly restore the light and shadow effects of objective world materials in mainstream rendering engines by shooting one or more RGB pictures and using AI-assisted material generation tools, so as to enhance the scene realism of materials. The ability of motion capture can be applied to scenes such as virtual character driving or behavior analysis. The model reconstructed by 3D Modeling Kit has no background, and the edges are clearer and cleaner, which can be widely used in the innovative development of product model making, teaching demonstration, game animation making, short video making and other fields.

Huawei Newsfeed Connect (HNC) is committed to providing partners with a one-stop business platform, which not only serves the content creation itself, but also helps partners understand the target users and the data performance of the content, so as to optimize the content more pertinently and gain more users and higher commercial value. At the Huawei Developers Conference (HDC)2021, HNC opened up 25 kinds of content creation capabilities, empowered content creators in all directions, supported multi-role login in the background, and centralized management of multi-account registration, which brought convenient operation experience to creators. In addition, in HNC, creators can also create business news, and get higher commercial returns through high-quality content "bringing goods". HNC, based on AI technology and big data, creates "precise, beautiful, fast and accurate" content production and distribution capacity support, and cooperates with creators to provide users around the world with a trustworthy, valuable and positive information experience.

In May 2020, Huawei launched Petal Search for overseas users, which can provide users with more than 20 vertical search services including shopping, tourism, local life, App and education. In addition, petal search has also built three ecological platforms based on vertical fields such as shopping, tourism and local life, aiming at completing the connection between people and services with smarter search and realizing the closed loop from information acquisition to service. Petal search has built a complete vertical ecology through the root technology of open search field, in order to achieve a better vertical search experience and technology upgrade path. Relying on Huawei’s HMS ecological and search root technology engine, Petal Search provides partners with vertical search services that are more in line with the local market demand and meet the characteristics of the industry, and provides partners with a platform for "borrowing a boat to go out to sea". Through the continuous polishing and experience improvement of technology, Petal Search provides vertical search services with higher accuracy and transaction rate for industry users, and provides more innovative technical support for partners.

Petal chain innovation platform, based on Huawei’s self-developed blockchain technology, is committed to building a credible internet and an open platform to improve industrial efficiency. The platform effectively solves practical problems in the industry by linking various industrial networks. At present, DCI copyright service solutions and traceability service solutions have been provided.

DCI copyright service is a full-process digital copyright service based on DCI standards, which is provided by Huawei and China Copyright Protection Center for Internet platforms by using blockchain, artificial intelligence, big data and other technologies. It mainly includes three core copyright service capabilities: ownership confirmation, authorized settlement and rights protection. DCI copyright service is aimed at all kinds of digital contents such as images, characters, audio and video under the digital network environment, and it is open to platforms and users in all vertical fields of Internet copyright ecology. The traceability service is to use Huawei’s self-developed blockchain technology to ensure the authenticity of traceability. By building a traceability service platform for merchants, it provides customizable and open traceability management services from brand to batch to commodity. In practical application, petal chain has joined hands with ecological partners to solve many trust problems.

Huawei Multi-view provides more personalized perspective choices for shooting with the help of 5G technology, bringing more immersive content. Multi-screen and multi-view can bring users a multi-dimensional, self-customized brand-new audio-visual experience, and also provide operators with a new business model of differentiation and payment on demand. Users can watch multiple perspectives of the same game, variety show and other activities on the screen at the same time, and can choose their favorite perspective to watch. Huawei is the first in the industry to promote the application of 5G+ multi-perspectives. At present, the existing cases include the Music Pioneer List Awards Gala, the Super League football match between Henan Jianye and Shanghai Shenhua, and the Jiangsu Lishui Marathon.

Huawei Cloud Free View Service can be used for artistic dance performances, sports competitions, film and television variety shows, online celebrity performances, photo taking in scenic spots, live broadcast with goods, exhibition drainage, action teaching and other scenes. Relying on Huawei’s cloud native media network, it integrates various shooting schemes, supports professional camera shooting and simple terminal shooting scheme, and provides the industry with the ability of free-view live broadcast, on-demand and wonderful moment generation quickly and agile, and at the same time provides an easy-to-use playback SDK, which realizes a novel viewing experience with free choice of screen angle at the playback end.

Huawei’s distributed live broadcast application scenario is that the anchor uses the distributed capabilities of HarmonyOS to transfer a single terminal service to multiple devices. Realize the remote control of live broadcast, close-up shooting of co-broadcast products, large-screen anchor and product confluence display, and real-time data kanban function respectively.

New business and new experience

In the all-media era, technology plays an important role in promoting the development and change of information dissemination. Every new technology stage will bring new information dissemination forms and modes, and also form new business models. The new experience exhibition area focuses on new business experiences such as unseen, VR Changyou, HMS Core sign language service, HarmonyOS Zhilian, AI portrait gallery, etc.

"No See" is a newly developed AR product focusing on entertainment and socialization. Users can be in it, explore AR gameplay, create their own AR world, experience a new AR social model, and express themselves with AR. "No See" is the first innovative product in the industry that integrates AR scene co-creation, AR socialization, graffiti and other functions. It makes the real world more interesting by superimposing virtual information based on the characteristics of location and environment.

VR Changyou is an innovative practice based on human posture recognition and virtual reality technology. It defines interactive semantics by extracting the human skeleton features in the collected video stream, and combines the preset panorama and virtual 3D model to create an immersive VR interactive experience, so that users can experience the remote scenery without leaving home.

Huawei’s sign language service is based on Huawei’s self-developed pre-training language model, machine translation algorithm and multi-modal digital human action generation algorithm. At the same time, it cooperates with authoritative institutions such as Information Accessibility Research Association and Education Department of Beijing Normal University to achieve coherent and natural sign language body posture, gesture movements and expressions. Huawei’s sign language service has a wide vocabulary, covering more than 10,000 sign language vocabulary, which can fully meet many application scenarios such as life communication, education and learning, and social information acquisition. For example, in the scene of children’s education, the text in a specific book can be translated into sign language to help deaf children read and learn.

The AI Portrait Gallery is another highlight of Huawei’s booth. AI algorithm can create works of various artistic styles by learning works of art many times, avoiding the inefficiency, high cost and confusion of manual workshop-style creative design. With the help of Huawei’s cloud computing and large bandwidth, Wenchuang Company can use AI to produce the style elements it needs on the cloud to fill its entire works, and can also use this technology to make stylized templates and share them on the cloud, providing infrastructure empowerment for the refined division of labor in the entire cultural and creative industry chain.

In addition, Huawei’s smart full-scene ecological strategy started the upgrade of hardware ecological brand, and HUAWEI HiLink was upgraded to HarmonyOS Zhilian. This exhibition area focuses on Huawei IdeaHub, which integrates intelligent writing, extremely clear screen projection, video conferencing and open office applications. This technology can meet the smart office needs of corporate meeting rooms, open office areas, manager’s offices and other scenarios, and help the digital transformation and upgrading of corporate office.

New ecology and new value

At the technical sub-forum on the morning of November 24th, guests and representatives from the competent authorities, mainstream media, commercial platforms, Internet companies, experts and scholars conducted in-depth exchanges and discussions around the theme of "Innovation: Technology Empowerment". Huang Jin, chief strategy officer of Huawei Cloud, attended the forum and delivered a speech, discussing with the guests how the media can use new technologies to fulfill new missions and show new achievements under the background of profound changes in the world pattern and the ecology of public opinion.

Every technological breakthrough brings innovation leap for partners and the whole ecosystem. It provides leading technologies and solutions to companies from all walks of life around the world, empowering industry partners to create more fruitful results in digital transformation and future value shaping.

Huawei builds a media content ecosystem based on terminal applications by expanding media partners and attracting content creators. On the one hand, Huawei’s content applications have established cooperative relationships with media and platform organizations to meet the content needs of end users. For example, Huawei Video cooperates with Mango TV, Tencent Video, Youku and other partners to create a one-stop integrated video window; Huawei Music cooperates with hundreds of record companies around the world, and at the same time cooperates with audio content service providers such as Himalayan and Dragonfly FM to expand the content of head anchor; Huawei Reading has also reached partnerships with Palm Reading Technology and Alibaba Literature, and put forward the idea of "building a global reading ecology", and combined with Huawei’s cloud cross-device reading function to optimize readers’ reading experience. On the other hand, Huawei actively attracts developers and creators to optimize the terminal content ecology with platform capabilities and creative technologies. It has developed a series of open platforms to absorb high-quality content, such as Huawei’s "Baihua" video content open cooperation platform, Audio Connect audio capability platform, VR audio and video ecological platform and so on.

While integrating content, Huawei pays attention to the guidance of values and emphasizes the quality of content. In the video field, Huawei focuses on three core directions: information, film and television, and knowledge, and works with creators to "build a new ecology of safe, healthy and high-quality content creation", and in the near future, it focuses on topics such as the founding of the party for a hundred years, accurate poverty alleviation, and traditional culture. In the future, Huawei will continue to be committed to "telling the story of China with partners and helping high-quality Chinese content go global".

In June, Huawei officially released the "Cloud-Cloud Collaboration" strategy, which deeply coordinated Huawei Cloud and Huawei Terminal Cloud, and provided a through service for partners including the media from institutional transformation to content distribution. For the audio-visual industry, Huawei released an "end-to-end audio-visual solution" based on "Yunyun Collaboration", which accelerated the production process of audio-visual products with Huawei Cloud, and then distributed and operated with Huawei Video as the core of the terminal cloud platform. In the field of information content, Huawei’s "Huawei Information Flow Engine" (HNC) based on "Yunyun Collaboration" has reached cooperation with partners such as People’s Daily Online, World Wide Web, Shanghai Newspaper, Sina News, etc., providing rich cloud native capabilities in content creation based on technologies such as big data and AI, and helping information content reach Huawei end users with a little access to Huawei terminal cloud.

"Yunyun Collaboration", in addition to tilting the existing traffic of Huawei’s terminal cloud service to media partners, also proposes to support cooperative organizations in the terminal installation of media applications, forming a good industry application ecology. Based on the "Yaoxing Plan" initiated by Huawei Developers Alliance, Huawei released the "Yaoxing Media Plan" specifically for media application integration and innovation, providing media industry partners with resources to promote and support Huawei’s application market. The collaboration of the two clouds allows Huawei to provide users with a better content experience while serving the media. For the media, Huawei has opened the terminal cloud user traffic to media organizations that have established deep cooperation with Huawei Cloud, providing more opportunities for its integration and development.

Co-existence and win-win and long-term interests of partners are the key elements to build a digital industry ecosystem. Huawei practices the promise of "leaving simplicity to customers and partners, and leaving complexity to itself", and provides partners with support such as empowerment and operation, so that partners can gain greater benefits in the big market of digital transformation.

Let’s look at a set of data first. In the first 10 months of 2022, the production and sales of new energy vehicles in China exceeded 5 million, doubling the year-on-year growth rate and maintaining a high growth trend. Explain that the rapid growth of new energy is no longer policy-oriented, but more about the rapid changes in consumers’ concepts and acceptance.

And independent brands in the matter of new energy, the contribution is definitely a big part. Among them, from January to October this year, Geely Automobile’s cumulative sales of new energy has reached 249,500 units, and the achievements of new energy transformation have been highlighted. In addition to several independent new energy brands, the launch of Geely’s "Raytheon Hybrid" also plays an important role in boosting the brand’s new energy running.

One car is worth three cars, so you can earn it?

As the first product equipped with Raytheon hybrid, the launch of the fuel version has let us see its leapfrog product strength and high quality and price ratio. Then Raytheon’s mixed blessing was even more icing on the cake. On November 25th, the extended range version of Xingyue L Hi·P was officially launched. Two new models were launched, and the price after comprehensive subsidy was 239.7-253.7 thousand yuan.

Xingyue L Hi·P is built based on the e-CMA intelligent ultra-electric architecture. The new car has three electric modes: "pure electricity, extended range and electric hybrid", and has four innovative electric properties: "urban pure electricity, long-distance power generation, fast charging and camping discharge", covering the whole travel scene. It can be said that it has the hard-core strength of "one car for three cars".

In fact, the extended-range model is not much different from the hybrid one in terms of design and interior, mainly by making adjustments in some details. For example, the redesigned fog light area on the front bumper is not only more closed, but also the design with the same color as the car body further enhances the vehicle recognition. Others generally still use a relatively three-dimensional front face and a semi-enclosed air intake grille. With the shape of a square light group, the whole front face is still quite imposing in visual effect.

Xingyue L Hi·P has a body size of 4770*1895*1689mm and a wheelbase of 2845mm, which is consistent with Xingyue L Raytheon Hi·F version. Although it is officially positioned as a compact SUV, from the size point of view, it can be seen that it is larger than many joint venture medium-sized SUVs, which means a bit of a dimension reduction blow.

The value of "China Star" highlights the development of Raytheon’s mixed blessing

For new cars, the biggest highlight is of course the power system. Xingyue L Hi·P is equipped with a plug-in hybrid system consisting of a 1.5T engine and a motor, which is actually a hybrid system of Leishen Intelligent Engine. The key point is that Xingyue L Hi·P comes standard with a CTP flat battery of 41.2kWh, which is close to the popular extended-range models. Take Li one as an example, its battery capacity is 40.5kWh. This also provides a basis for the extended range mode of xingyue l hi p. Under the working condition of WLTC, the pure battery life can reach 205km, far exceeding the plug-in and hybrid models of the same class.

Thanks to its pioneering 3-speed frequency conversion electric drive, Raytheon intelligent energy management technology can realize full-speed serial-parallel connection, 3-speed electric drive and intelligent adjustment of 20 working modes. In terms of energy supplement, Xingyue L Hi·P comes standard with a maximum of 85kW DC fast charge, and it takes only 27 minutes to charge from 30% to 80%. In addition, 6.6kW household slow charge is standard, while 3.3kW external discharge can meet the demand for camping electricity for more than 12 hours.

Since Geely launched the China Star high-end series, its products have been selling well. In the past 10 months, the China Star Series has exceeded 30,000 vehicles, an increase of about 32% from the previous month, among which the sales of popular models Xingyue L and Xingrui both exceeded 10,000. By the end of October, the cumulative sales volume of China Star will soon exceed 500,000, and the brand will continue to be promoted with high-value products.

Among them, the launch of the Xingyue L Raytheon series enriches the vehicle configuration, covering three power systems: fuel, hybrid and plug-in, which meet the different needs of users. At the same time, according to the data, the cumulative sales volume of Raytheon Hybrid has reached 48,570 vehicles from January to October, and the acceleration is still increasing.

Written at the end: From the sales structure of Geely in the past two years, it can be seen that the entry-level scooters, etc., which used to be used in the past, are quietly moving in the direction of high value, high quality and price ratio, and the overall sales "gold content" is constantly rising. As a brand-new masterpiece of Geely brand electrification development, Xingyue L Hi·P will accelerate the transformation of Geely automobile to intelligent electrification with its technical strength beyond its competitors and its official listing.

The price reduction promotion is in full swing in car home Yulin preferential promotion channel! As a highly regarded SUV, this model is currently offering a maximum discount of 0.7 million in Yulin. The minimum starting price is 152,700 yuan. If you are interested in this model, I suggest you click "Check the car price" in the quotation form to get higher preferential information.

Xingyue L Zhiqing is an SUV model integrating fashion, technology and sports. Its front face design adopts a large-area air intake grille, with exquisite LED headlights and streamlined front bumper, creating a strong dynamic atmosphere. The body lines are smooth and the overall style is fashionable. The air intake grille of this car series adopts a unique family-style design, which shows the design concept of the brand. The side lines of the car body are smooth, and the lines of the roof are smooth, which shows the sports style of the brand. The rear part of the car adopts the exhaust layout of two sides, and with the through LED taillights, the whole car rear is very dynamic. In addition, the car also uses a variety of colors and materials, providing a variety of personalized choices to meet the different needs of consumers.

The car system Xingyue L Zhiqing is a medium-sized SUV with a body size of 4795*1895*1689 mm, a wheelbase of 2845 mm, and a front track and a rear track of 1610 mm.. The body lines are smooth and the outline is full, showing a strong sense of movement. The side lines of the vehicle are smooth, extending from the front fender to the rear of the vehicle. The lines are simple and smooth, and with the front and rear tires of 245/45 R20 specifications, it presents a dynamic appearance. The wheel rim adopts multi-spoke design, which adds a sense of luxury to the vehicle. In terms of details, the car system Xingyue L Zhiqing adopts a unique C-pillar design, which makes the side lines of the car smoother and increases the sense of space inside the car. Generally speaking, the design of the car is fashionable and dynamic, which leaves a deep impression on people.

The interior design of Xingyue L Zhiqing is very elegant, using high-quality materials and sophisticated technology to create a luxurious and comfortable driving experience. The steering wheel is made of leather material, which feels comfortable and supports manual adjustment up and down and back and forth, so that drivers can make personalized adjustments according to their own needs. The central control screen has a size of 12.3 inches, and is equipped with multimedia system, navigation, telephone, air conditioner, skylight, window and other voice recognition control systems, which is convenient for drivers to operate. The front seats are made of imitation leather. The main driver’s seat supports four-way adjustment of front and rear, backrest, height and lumbar support, while the co-pilot’s seat supports two-way adjustment of front and rear, backrest and height. At the same time, the main driver’s seat also has heating and ventilation functions. The front row is also equipped with USB and Type-C interfaces, which is convenient for users to charge. The rear seats can be laid down in proportion, increasing the flexibility of the interior space. In short, the interior design of Xingyue L Zhiqing is both luxurious and practical, bringing comfortable and convenient driving experience to drivers and passengers.

Xingyue L Zhiqing is equipped with a 1.5T 163 horsepower L4 engine with a maximum power of 120kW and a maximum torque of 255n m.. This engine uses an advanced 3-speed DHT gearbox, which can provide a smooth shift experience for the vehicle. At the same time, the engine has high power output, which can meet the daily driving and overtaking needs. In addition, the engine also adopts advanced technology, which has good fuel economy and reliability. Whether it is urban roads or highways, it can bring excellent driving experience to drivers.

On the exterior design of Xingyue L Zhiqing, car home car owners spoke highly of it. He/she said that the appearance of Xingyue L Zhiqing is very atmospheric, the prominent shape of the front face makes the car look more atmospheric, and the stylish matrix headlights are also very beautiful. In addition to its appearance, Xingyue L Zhiqing also performed well in terms of configuration and performance, bringing excellent driving experience to car owners. For example, it is equipped with the latest intelligent technology, such as L2 automatic driving system, which makes driving easier and safer. At the same time, it is also equipped with a powerful 2.0T engine, providing sufficient power output. In short, Xingyue L Zhiqing is an SUV with atmospheric appearance, excellent performance and advanced configuration, which deserves consumers’ attention and choice.

　 　The 2023 (21st) Nanjing International Auto Show will open at Nanjing International Expo Center on September 30th, with a duration of 6 days. This year’s auto show attracted 80 brands to participate in the exhibition, with more than 1,000 vehicles on display and an indoor and outdoor exhibition scale of 100,000 square meters.

Guided by the Nanjing Municipal Bureau of Commerce and sponsored by Jiangsu Automobile Industry Association and Nanjing Aoyuan Exhibition Co., Ltd., this auto show strives to present a wonderful automobile culture conference for Nanjing and surrounding citizens in the golden autumn festival. This year is a year of boosting consumption and the 70th anniversary of the development of China’s automobile industry. In the second half of 2023, the National Development and Reform Commission issued a number of policies, such as "Twenty Measures for Restoring and Expanding Consumption" and "Several Policies and Measures for Nanjing to Fully Promote the Sustained Economic Recovery". From the central government to the local government, promoting automobile consumption and making consumption kinetic energy "strong" are the focus of the current automobile economy. The 2023 Nanjing International Auto Show was held in the important season of "Golden September and Silver 10", creating a high-quality, diversified and professional integrated trade exhibition, which has become the preferred platform for many car companies to launch new cars, promote brands and conduct market research.

Fuel vehicle, product iterative technology upgrade

With excellent brand strength and good industry reputation, mainstream brands are still strong. At this auto show, well-known German, Japanese, American, Korean, French, British and independent brands all participated in the exhibition with a large lineup. The new cars in the year include FAW Toyota Asia Dragon BZ, Chevrolet Pioneer, Dongfeng Honda CR-V, Buick E5, GAC Toyota Highlander, WEY Wei brand Gaoshan DHT-PHEV, tank 400HI4-T, GAC Chuanqi Zhidian New Energy E9, Dongfeng Nissan brand new hacker, Dongfeng Peugeot New 408, FAW-Volkswagen ID. Family 2024, Mazda CX-50 line, Geely.

Luxury brands such as BMW, Audi, Jaguar Land Rover, Volvo, Cadillac, Janice, Mercedes-Benz, Lincoln, British finidi, Bentley, Alfa Romeo, etc. Keeping pace with the transformation of the automobile industry, luxury brands are also deepening and iterating over technologies and products: BMW’s pure electric family lineup is expanded again, and the "youngest" pure electric BMWix 1 takes pure driving pleasure as its initial intention and continues to expand the infinite possibilities of electric travel; SAIC Audi and FAW Audi have both luxury new power models and pure electric elements; Land Rover’s new generation Range Rover Sport Edition, on-site display of fierce performance and luxury style; Integrating the trend of electrification and intelligence, Volvo brings the luxury pure electric flagship Suvex 90; Mercedes-AMG GT four-door sports car and Mercedes-Benz V-class MPV made heavy appearances, showing Mercedes-Benz flavor; As a master of the "dynamic elegance" design concept of the Jennisseth brand, the flagship luxury car G90 will partner with G70, G80 and other models to show the brand elegance; American luxury brands Cadillac and Lincoln will bring new cars of the year-brand new XT4 and brand new navigator respectively.

New energy vehicles, with considerable sales, overtaking in corners.

From "emerging" to "overtaking in corners", the focus of the global automobile market has been replaced by the emerging new energy automobile industry and market in China. Those who get the technology win the world. In the Red Sea track of new energy vehicles, various car companies continue to dig deep into the fields of three-electric system, human-vehicle interaction, intelligent cockpit and automatic driving. At this auto show, 90% of the booths have new energy vehicles. New energy automobile brands such as BYD, Tesla, Weilai, Ideality, Tucki, Krypton, Zhiji, Tengshi, Aito Wenjie, Aouita, Extremely Fox, Lantu, Euler, Wuling, Smart, Haobo, Extremely Yue, Nezha, Deep Blue Automobile, Zero Run, Ford Electric Horse, Galaxy, GAC Ai ‘an, Feifan and Geometry were all present.

All models of BYD’s Dynasty Network and Ocean Network gathered at this auto show, bringing a rich product matrix including plug-in hybrid models and pure electric vehicles; Model 3, Tesla’s best-selling model, was refreshed for the first time after six years; Weilai ES6 based on the new NT 2.0 platform made a heavy appearance; LI brings the full product lineup of Ideal L7, Ideal L8 and Ideal L9; All models in Tucki are super smart coupe P7I, ultra-fast fully intelligent pure electric SUV Tucki G9, and super smart coupe SUV Tucki G6 bloom on the same stage; There are three classic models of extreme krypton brand: luxury hunting coupe extreme krypton 001, the world’s first original pure electric luxury MPV extreme krypton 009 and new luxury all-round SUV extreme krypton X; High-value medium and large smart coupe SUV Zhiji LS6 made a stunning debut.

In order to stand out from the new power brands, many car companies have started the brand-up attempt, and the luxury electric track is also facing fierce competition. Haobo debuted with the ace model Haobo HyperGT, and the wind-dancing rotor has a super-large opening angle of up to 43, and the super-running design is stunning; Huawei’s deeply empowered new Aito asks M7 to upgrade heavily; The brand-new high-end smart car robot brand brings the first model, Ji Yue 01. After Baidu joins, the new car has the advantages of Baidu smart cockpit and AI technology. Aouita 11 HarmonyOS version of the brand-new car is integrated into the HarmonyOS system, and the car experience will be a brand-new upgrade.

Multi-display and in-depth experience of automobile culture

Since its establishment in 2002, Nanjing International Auto Show has kept up with the development trend of the industry and continuously integrated new sections and elements. In order to further upgrade the interactive experience of the auto show and lead the new trend, this year’s auto show will be linked with brands related to off-road pickup trucks, refits, motorcycles, car models and camping and self-driving, focusing on creating outdoor off-road challenges, the carnival of car refitting, the 2nd Nanjing Locomotive Culture Festival, the pickup truck camping exhibition area of Nanjing International Auto Show and the centennial car model exhibition, which will be full of one-stop experiences of seeing, playing and enjoying cars on the spot, and will become a gathering place for cross-circle communication between different car categories and riders.

The 2023 Nanjing International Auto Show opened a field test ride for the audience. The Land Rover brand, which focuses on hard-core off-road, brought Pagoda off-road challenges. Through complex terrain combinations and harsh ramps, it fully demonstrated its all-terrain strength and conveyed the fearless "challenger spirit". Audiences who like off-road and Land Rover brands can experience it on the spot and personally feel the unique performance of Land Rover’s new generation of Range Rover sports models.

Car modification carnival, dozens of personalized modification exhibition cars from players all over the country show the charm of modification on the spot, and pay tribute to car culture lovers. At the same time, there are many activities such as drill pipe race, loud voice challenge, balloon pressure challenge, etc., and the car modification is one stop in the end; The 2nd Nanjing Motorcycle Culture Festival gathered brands such as Harley, Yamaha, Chunfeng, Vespa, Peugeot, Seclon, Zeeho, etc., and got in touch with the latest motorcycle models and felt the trend motorcycle culture. The pickup truck exhibition area, which gives consideration to strength aesthetics and philosophy of life, gathers many popular models such as Great Wall Shanhai Gun/Passenger Gun/Firebomb Edition, Raptor, Jiangxi Isuzu New DMAX/New Lingtuo, Beiqi Calorie, Wuling Journey, etc. There are also exquisite camping related products brought by the outdoor brand "Northland" on site, which shows the unique charm of pickup trucks and outdoor camping. The century-old automobile model exhibition focuses on nearly 3,000 models of cars, off-road vehicles, pickup trucks, racing cars, motorcycles and various special vehicles, which shows the century-old history of the automobile industry and feels the intersection of history and automobile culture.

Preferential policies to actively help automobile consumption

As one of the series activities of "2023 Nanjing International Consumer Festival", this year’s Nanjing Auto Show will further help upgrade the regional consumption. The organizers of the auto show have promoted a million car purchase subsidy activities: every audience who buys a car at the exhibition site can get a car purchase subsidy of 500-3000 yuan every day after registering with the car purchase order and the owner’s ID card. In addition, all visitors can voluntarily participate in the "National Day Auto Show to Win Gifts Every Day" activity, and they can participate in the event through the Nanjing Auto Show applet, and have the opportunity to win the Sony PS5, Huawei Tablet and Northland camping gift package awards.

Brand gathering, new cars gathering, car buying, and in-depth experience of car culture, from September 30th to October 5th, 2023 (21st) Nanjing International Auto Show is a visit and interactive experience!

　

Financial report for the first quarter of 2023: Without considering price reduction, pure electric vehicles are coming soon.

• At present, the price reduction is not considered, and the pure electric vehicle will be released in the fourth quarter of 2013.
• The performance in the first quarter reached a new high, hitting 30,000 deliveries in June.
• Marketing management fee rate dropped to 9.8%.
• The company will develop "intelligence" and "electric energy" in the next stage-"dual-energy strategy"

LI’s performance in the first quarter hit a new high, hitting 30,000 deliveries in June.

May 10th, LI (Nasdaq:LI；; 02015.HK) released the financial report for the first quarter of 2023. The financial report shows that LI achieved revenue of 18.79 billion yuan in the first quarter, a year-on-year increase of 96.5%, a record high, slightly higher than the market estimate of 18.68 billion yuan; The net profit was 934 million yuan, and the net loss in the first quarter of 2022 was 10.9 million yuan, up 252% from 265 million yuan in the fourth quarter of 2022.

LI’s outstanding financial performance in the first quarter was supported by the substantial increase in sales. In terms of delivery volume, in the first quarter of this year, LI delivered a total of 52,600 vehicles, up 65.8% year-on-year, achieving the best single-season delivery result.

For the second quarter of this year, LI gave delivery guidelines of up to 76,000 to 81,000 vehicles, up 164.9% to 182.4% year-on-year; It is estimated that the revenue will reach 24.22 billion yuan to 25.86 billion yuan, a year-on-year increase of 177.4%-196.1%.

At the conference call, Li Xiang, CEO of LI, said that the delivery volume of LI will continue to climb in the second quarter, and we should strive to achieve the goal of delivering 30,000 vehicles in a single month in June this year. The pure electric vehicles in LI will be released in the fourth quarter of this year. After the release, they will start the test drive in the store and gradually start the delivery, which will keep the same pace of release and delivery as the L9, L8 and L7 models.

Sales in management fee rate fell to 9.8%.

At present, the annual gross profit rate target is 20%, and the sales management fee rate is reduced to 9.8%. As far as gross profit rate is concerned, the overall gross profit rate and automobile gross profit rate in LI are both down year-on-year and up month-on-month. The gross profit margin was 20.4% in the first quarter, 22.6% in the same period last year and 20.2% in the fourth quarter of 2022. The gross profit margin of automobiles was 19.8%, compared with 22.4% in the same period last year and 20% in the fourth quarter of 2022.

Li Tie, CFO of LI, said that in the first quarter of this year, the overall gross profit margin of vehicles decreased, and it is expected that all sales in Li ONE will be completed in the first half of this year. At the same time, there is still room for improvement in the profit margin of the Air version. However, considering other potential factors, we still maintain the goal of 20% gross profit margin for the whole year.

LI’s R&D expenditure is also rising. In the first quarter, it invested a total of 1.85 billion yuan in R&D, up 34.8% year-on-year, and the R&D expenditure rate remained at around 10%, which was in line with LI’s previous expectations. Li Tie said that the R&D expenditure will remain the original annual plan, at around 10 billion to 12 billion yuan. Sales management expenses depend on the profit level and will be further optimized.

Due to LI CEO Li Xiang’s speech at the Weibo a few days ago, LI’s expenses have further become the focus of economic industry analysts.

Li Xiang released Weibo and said: "The market expense rate of LI brand is 0.6%, including all public relations, activities, advertisements, auto shows, press conferences, car owners’ operations, etc. I have to approve the expenses of tens of thousands of yuan to avoid wasting money." At the same time, he also mentioned that the market expense ratio of mainstream brands is 2%-3%, which is 4-5 times that of LI.

It has always been called the ideal of "picking factories", and many economic analysts have commented that the expense rate is properly controlled. The financial report for the first quarter shows that in the first quarter of 2023, LI’s sales, general and management expenses were RMB 1.65 billion, up 36.8% year-on-year and 0.9% quarter-on-quarter, accounting for 9.8% of revenue, further decreasing compared with 2022. In 2022, LI’s sales, general and management expenses will be 5.665 billion yuan, accounting for 12.5% of the total revenue, and both of them will exceed 20%.

At present, price reduction is not considered.

At present, the price of lithium carbonate, the raw material for batteries, has dropped sharply. Some analysts asked LI if there was any plan to reduce the price. Li wanted to reply, "There is no consideration of reducing the price at present, because when we made detailed long-term planning and pricing, we have already set the price at the most competitive price in the corresponding price range according to the level and size of each vehicle, and both upward and downward fluctuations will be problematic. This is the fundamental reason why we have been very cautious in pricing and insist on long-term consideration. "

The ideal pure electric vehicle was released in the fourth quarter of 2003.

There are market rumors that LI pure electric vehicles will be postponed until next year. At the earnings conference call, Li Xiang revealed that the pure electric vehicles in LI will be released in the fourth quarter of this year. After the release, they will start the test drive in the store and gradually start the delivery, which will keep the same release and delivery rhythm as the L9, L8 and L7 models. By 2025, the product layout of "1 super flagship model +5 extended-range electric vehicles +5 high-voltage pure electric vehicles" will be formed, which will face more than 200,000 markets and fully meet the needs of home users.

The ideal pure electric vehicle will use Kirin battery from Contemporary Amperex Technology Co., Limited, and the Kirin battery has been mass-produced. According to the technical parameters provided by Contemporary Amperex Technology Co., Limited, the volume utilization rate of Kirin battery can reach 72% at the highest. The new battery pack can increase the energy density of ternary battery system to 255Wh/kg, and the energy density of lithium iron phosphate battery system to 160Wh/kg. Kirin battery will be suitable for two battery types, which means that the ideal pure electric vehicle will have two battery versions.

At the same time, ideally, it is estimated that more than 3,000 charging stations will be built by 2025.

Changzhou factory has two production lines, and Beijing factory produces pure electric vehicles, with an annual production capacity of 100,000 units in the first phase.

In terms of production capacity, Ma Donghui, President and Chief Engineer of LI, introduced.

Changzhou factory has two production lines, one is double-shift production, which can produce 20,000-25,000 vehicles per month; Another single-shift production line produces ideal L7 and ideal L8, which can produce 10,000-12,000 vehicles per month. If both production lines are produced in double shifts, the monthly output can reach 50,000 vehicles, which can completely match the current ideal delivery volume.

For pure electric vehicles, the LI factory will plan to design a production capacity of 100,000 vehicles per year. At present, the current production capacity of Changzhou factory in LI can fully meet the delivery volume of ideal L-series vehicles. For example, the surge in orders can be solved by scheduling and recruitment functions.

The company will develop "intelligence" and "electric energy" in the next stage-"dual-energy strategy"

At the auto show on April 18th, Ideality released its next stage of development, "Double Energy Strategy".

"Intelligence" and "Electric Energy" —— "Dual Energy Strategy"

"intelligence": the era of intelligent driving 3.0 represented by urban NOA,

"Electric Energy": Opening a new chapter of keeping pace with extended-range electric and high-voltage pure electric.

It is more convenient to go to the overcharge station than to the gas station.

In terms of urban NOA, Ma Donghui introduced that at the end of this year, the urban NOA function will be pushed to 100 cities across the country, and the order of pushing is related to the logic and the number of local LI models. The technical architecture of an ideal city NOA does not depend on high-precision maps, so theoretically speaking, our city NOA function can be used wherever there is a navigation map. If the number of ideal L9, ideal L8 Max and ideal L7 Max in the city where the user lives is higher, and the number of driving miles is higher, the data packet in this city will be larger, and there will be an opportunity to release the NOA function of the local city earlier.

-End-

Zhongxin Jingwei, September 11th (Xue Yufei) Next week (September 12th-September 18th), the Shanghai and Shenzhen stock exchanges will be closed for one day. In August, the housing price data of 70 cities will be released, and the restricted shares of A shares of 43 billion yuan will be lifted. What other major events are worthy of attention next week? Come and have a look!

domestic

The Shanghai and Shenzhen stock exchanges will be closed for one day.

On September 12, due to the Mid-Autumn Festival holiday, the Shanghai and Shenzhen Stock Exchanges, the North Stock Exchange and the futures exchanges will be closed and will open as usual on the 13th.

Implementation of that new version of the catalogue of import and export of wild animal and plant specie

The new version of the Catalogue of Commodities for Import and Export of Wild Animals and Plants has been implemented since September 15th. The import and export of wild animals and plants or their products included in the catalogue must be declared and approved in strict accordance with the procedures stipulated by relevant laws and regulations. In violation of the relevant laws and regulations of the state, the import and export of wild animals and plants or their products shall be dealt with according to the relevant laws and regulations.

Beijing launches influenza vaccination in an all-round way.

Beijing will continue the policy of free influenza vaccination since 2007, giving free vaccination to eligible people and encouraging other people to voluntarily vaccinate at their own expense. The first batch started from September 13th, mainly for the elderly aged 60 and above in Beijing, and started the vaccination publicity and mobilization of students in primary and secondary schools, secondary specialized schools and technical colleges simultaneously.

The seventh batch of silver bonds issued in Hong Kong

The subscription and distribution results of the seventh batch of silver bonds in the retail sector under the government bond scheme announced by the Hong Kong SAR Government show that the final issuance amount of the silver bonds is HK$ 45 billion, which is higher than the target issuance amount of HK$ 35 billion. All valid applications can be allotted bonds of different amounts, up to 21 lots. These silver bonds will be issued on September 14th.

data

Release of market price changes of important means of production in circulation field

On September 14th, the National Bureau of Statistics released the market price changes of important means of production in the circulation field. Earlier, the National Bureau of Statistics monitored the market prices of 50 important means of production in 9 categories in the national circulation field, showing that compared with mid-August, the prices of 25 products rose, 24 declined and 1 remained flat in late August 2022.

August 70 city house price data released.

On September 16th, the National Bureau of Statistics released the monthly report on residential sales prices in 70 large and medium-sized cities in August. In July, among 70 large and medium-sized cities, the sales prices of newly-built commercial housing and second-hand housing decreased in 40 and 51 cities respectively, increasing by 2 and 3 respectively from last month.

The press conference on the operation of the national economy was held

On September 16th, the National Bureau of Statistics held a press conference on the operation of the national economy, releasing monthly reports on industrial production above designated size, fixed assets investment (excluding farmers), real estate development and sales, total retail sales of social consumer goods and energy production.

market

The central bank’s 10 billion yuan reverse repurchase expires.

Next week, the central bank will have 10 billion yuan of reverse repurchase due in the open market, including 4 billion yuan, 2 billion yuan, 2 billion yuan and 2 billion yuan due from Tuesday (September 13) to Thursday (September 15); In addition, 600 billion MLF will expire on Thursday.

43 billion yuan restricted shares lifted

Wind data shows that there will be 1.797 billion restricted shares released by A-shares next week. Based on the closing price on September 9, the market value is about 43 billion yuan, which is 58% and 36% lower than this week. In terms of individual stocks, a large number of companies will be released next week, including Jiangnan Chemical (002226), GCL (002015), Weiyuan, Shanghai Ailu, Zhenhua New Materials and Lanwei Medicine.

meeting

Mass Entrepreneurship and Innovation Week Held

The 2022 National Mass Entrepreneurship and Innovation Week will be held next week. The theme of this activity week is "Innovation increases kinetic energy, entrepreneurship promotes employment", and the main venue is located in Hefei, Anhui Province, which is carried out simultaneously in all provinces, autonomous regions, municipalities directly under the central government, cities with separate plans and Xinjiang Production and Construction Corps.

The 19th China-ASEAN Expo was held.

From September 16th to 19th, the 19th China-ASEAN Expo and China-ASEAN Business and Investment Summit will be held in Nanning, Guangxi, which will showcase the new achievements and highlights of bilateral economic and trade cooperation, tap the new opportunities and new kinetic energy of regional investment cooperation under the background of RCEP implementation, and promote the construction of a closer China-ASEAN destiny community.

The 2022 World Computing Congress was held.

From September 16th to 17th, 2022 World Computing Congress will be held in Changsha, Hunan Province. Adhering to the general theme of "computing everything is about the future" and taking "a new journey of computing industry" as the main line, the conference will be presented in the form of an opening ceremony and forum, 10 special forums, 2 innovation competitions and 1 achievement exhibition through five chapters: preface, opening, frontier, innovation and application.

2022 Beijing Fashion Week was held.

From September 15th to 22nd, 2022 Beijing Fashion Week will take "Tide to the Future" as the theme, and hold many online and offline activities in Beijing fashion cultural landmarks such as Wangfujing (600859), Longfu Cultural Center, Wangjing Street, Zhangjiawan Design Town, Qianmen Street and Nanluoguxiang.

2022 National Entrepreneur Activity Day and China Entrepreneur Annual Meeting were held.

The 2022 National Entrepreneur Activity Day and China Entrepreneur Annual Meeting will be held in Baotou City, Inner Mongolia Autonomous Region on September 16th, and the winners of "The 12th Yuan Baohua Gold Award in Enterprise Management" and "National Excellent Entrepreneur in 2021-2022" will be commended at the annual meeting.

2022 China Information and Communication Industry Development Forum was held.

The 2022 China Information and Communication Industry Development Forum will be held in Beijing from September 14th to 16th. The forum is regarded as the weather vane of the information and communication industry. In 2022, the theme of the forum was "Empowering with Digital Intelligence to Create a Better Future", and we made every effort to build a high-end platform to promote the new transformation and development of the information and communication industry. This forum will set up a special theme exhibition on 5G applications to showcase 5G new products and applications.

The 2022 World Intelligent Networked Automobile Congress was held.

The 2022 World Intelligent Networked Automobile Congress will be held in Beijing China International Exhibition Center (Shunyi Pavilion) from September 16th to 19th, and the China International New Energy and Intelligent Networked Automobile Exhibition and the 2022 National Intelligent Driving Test Competition Finals will be held at the same time.

new issue/share/stock

In terms of A-shares, on September 13th, Liante Technology and Juquan Technology will be listed, and Zhongcheng Technology and China Textile Standard will be subscribed; On the 14th, Senying Window Industry and Bangyan Technology subscribed; On the 15th, Ziyan Food, Xinke Mobile, Jiaocheng Ultrasound and Yibo Technology subscribed; On the 16th, Tiandeyu and Wrigley purchased the home.

In terms of Hong Kong stocks, on September 14th, Dangdang Health will be listed on the main board of the Hong Kong Stock Exchange at a price of HK$ 12 per share. In the prospectus, Dingdang Health positioned itself as a service provider providing digital medical health home service in China. According to the Jost Sullivan Report, in terms of revenue in 2021, Dingdang Health ranked third in the industry, with a market share of 1%, while the market share of the first and second service providers was 10% and 6.5% respectively.

international

The SCO Samarkand Summit was held.

From September 15th to 16th, the 22nd meeting of the Council of Heads of State of SCO member states will be held in Samarkand, a historic city in Uzbekistan. At the Samarkand Summit, Iran will sign a memorandum to fulfill its obligations as a member of the SCO and be accepted as a full member. The SCO will also provide Egypt, Qatar and Saudi Arabia with dialogue partner status, start the process of Belarus’ accession to the SCO, and make a decision on granting Bahrain and Maldives dialogue partner status.

Many countries release important economic data.

On September 13, the United States and Germany released August CPI data; On the 14th, the unemployment rate in the UK in July and CPI data in August were released, and the industrial production index in the euro zone in July was released. On the 16th, the CPI data of the euro zone in August was released.

Mexico-US high-level economic dialogue held

Mexican Ambassador to the United States esteban Moctezuma said that the high-level economic dialogue between Mexico and the United States will be held in Mexico City on September 12th.

Investors from "friendly countries" can enter the Russian stock market.

From September 12th, the Moscow Stock Exchange will allow non-resident customers from "friendly countries" and non-resident customers controlled by Russian legal persons or natural persons to trade in the stock market. (For more clues, please contact the author Xue Yufei: xueyufei@chinanews.com.cn) (Zhongxin Jingwei APP)

(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky, so you should be cautious when entering the market. )

(Editor: Li Xianjie)

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