标签： 上海4197龙凤

Blue Power E5 PLUS official picture broadcast, new choice for family travel not to be missed

The brand recently launched its new model, the Blue Electric E5 PLUS, in a quiet manner. Despite the lack of fanfare, the new car has quickly attracted widespread attention and buzz in the market due to its unique design and practicality.

The exterior design of the blue electric E5 PLUS is simple and elegant, and the aurora green paint of the body shines brightly in the sun, which not only highlights the sense of fashion, but also does not lose stability and atmosphere.

In terms of interior, the new car offers two seat layouts of five seats and seven seats to meet the diverse needs of different consumers. The interior is spacious and comfortable, ensuring that passengers can enjoy a pleasant ride whether it is a short trip or a long trip.

In terms of power, the Blue Electric E5 PLUS has been carefully tuned to bring consumers excellent power performance and smooth driving experience. Although the specific parameters have not been announced in detail, we can be confident in its power performance from the overall design of the vehicle and the technical strength of the brand. In addition, the new car also shows excellent design capabilities in space utilization. The seven-seat model has a flexible space layout, providing passengers with a more convenient travel experience.

Intelligent configuration is another highlight of the Blue Electric E5 PLUS. The new car is equipped with an advanced intelligent interconnection system that supports voice control, remote control and other intelligent functions, making driving easier and more convenient. At the same time, the new car also incorporates a number of active safety technologies to provide drivers with a full range of safety guarantees, ensuring that every trip is safe and secure.

The quiet debut of the Blue Electric E5 PLUS has aroused widespread attention and heated discussion in the market. Consumers’ expectations for this new car continue to rise, and they have expressed their appreciation for its unique design, practical space layout, excellent power performance and intelligent configuration. It is foreseeable that in the future market competition, the Blue Electric E5 PLUS will win more consumers’ favor and love with its excellent performance.

Rider’s tears, others are rich! China’s largest ＂rider outsourcing company＂ Boltier Hong Kong stock IPO： gross profit margin is low in single digits, 90% of revenue is suspected Meituan

　　The business model and growth are lackluster, and profitability is mediocre.

　　"Ordering takeout" is the norm in many people’s lives. The "yellow and blue army" dressed in uniform and equipped with standard takeout boxes has also become the bright scenery of the city.

　　Behind the huge group of riders is a rapidly growing instant delivery ("ready-to-match") market, with the service scene dominated by food and beverage takeout, including intra-city retail, smart pharmacies, and errand services.

　　According to Sullivan data, in 2023, China’s ready-to-match industry-wide order scale reached about 40.88 billion orders, an increase of 23% year-on-year, and an average annual compound growth rate of 21% in the past five years.

　　(Source: Sullivan’s "2023 China Instant Delivery Industry Trends White Paper")

　　The pomp is also reflected in the financial report of Meituan (03690.HK): in 2023, revenue 276.70 billion yuan, net profit 13.90 billion yuan, turning a profit from the previous year and hitting a record high. At present, Meituan’s market value exceeds 700 billion Hong Kong dollars.

　　Due to factors such as reducing labor costs and avoiding legal risks, it has become routine for Internet platforms to outsource ready-to-distribute services to third-party enterprises.

　　Meituan said in an interview in May 2021 that the platform had nearly 10 million of outsourced riders.

　　And the third-party outsourcing companies that directly undertake the task of ready-to-match, and are responsible for recruiting and managing riders, are they backed by big trees to enjoy the shade and eat and drink together?

　　Recently, BridgeHR Tech ("Boltier", "Company") submitted a prospectus to the Hong Kong Stock Exchange, revealing the truth of the industry.

　　Clients reveal secrets

　　The company’s predecessor can be traced back to Suzhou Oufu, which was established in 2013, and has been involved in the field of human resources services.

　　Hou Zhengyu, Liu Hejun, Xu Daoshan, Liu Bo, and Yuan Weijiang are the founding shareholders of the company and are acting in concert. As of the IPO, they hold a total of 80.78% through BridgeHR Holding and Offer Tech.

　　(Source: Company Prospectus)

　　The company is positioned as a "pioneer in China’s non-traditional labor market".

　　According to Caution Consulting, the company is the leading non-traditional employment platform in China in terms of total service value in 2022, with a market share of 13.2%.

　　(Source: Company Prospectus)

　　"Non-traditional employment", which is plainly understood as odd jobs and flexible employment, such as riders, ride-hailing drivers, cleaning and housekeeping.

　　Non-traditional employment platforms play a role in matching employers and workers. Overseas, representatives of non-traditional employment platforms include Upwork (UPWK. O), Fiverr (FVRR. N), etc.

　　The second largest non-traditional employment platform in China is QH. O, which will be listed on Nasdaq in 2020, with a market share of 6.1%.

　　(Source: Company Prospectus)

　　In Fengyunjun’s opinion, the characteristics of domestic non-traditional employment platforms are to focus on serving a small number of Internet Tech Giants.

　　Founded in 2012, Fun Live provides third-party human resources services for Internet platforms such as Meituan, Ele.me, and Didi, including takeaway delivery, ride-hailing driver management, cleaning and housekeeping, and shared bicycle operation and maintenance.

　　According to Fun Live, from 2021 to 2023, the top three customers, including Meituan and Ele.me, will account for more than 90% of its total revenue.

　　(Source: Fun Live 2023 Annual Report)

　　The company’s customer concentration is also extremely high.

　　From 2021 to 2023, the company’s revenue scale hovered around 1 billion yuan. During this period, the same largest customer named "Customer A" supported about 90% of the revenue.

　　(Drawing: Market Cap Wind and Cloud App)

　　The company kept the real identity of Customer A secret in its prospectus, saying only that the latter "has a leading market position in China’s instant consumer service industry".

　　Based on multiple public sources, Feng Yunjun deduced that Meituan was most likely "Customer A".

　　1. Yao Yi, executive director and vice president of the company, said in an interview in August 2021 that the company was "the first to serve Meituan… including manpower dispatch and outsourcing, scene coverage Meituan market (ie" Little Elephant Supermarket "), Meituan takeaway, Meituan Preferred" and so on.

　　(Source: iResearch)

　　2. According to the third-party recruitment platform, the "distribution webmaster" position recruited by the company is "Meituan channel manager", and the career path includes "undertaking the distribution contracting project of the baby elephant supermarket, as well as the takeaway special delivery/express delivery with a larger business scale".

　　(Source: Liepin)

　　3, China Judgment Document Network shows that for a long time, the company has a number of employment contract disputes and traffic accident liability disputes, Meituan and the company are listed as co-defendants, the court verdict shows that the two sides signed the "distribution cooperation agreement".

　　(Source: China Judgment Document Network)

　　Feng Yunjun, who flipped through the information and turned to his dim eyes, couldn’t help but say: Since it is going to be listed, the information disclosure should be open and honest.

　　For an Internet Tech Giants customer who contributed most of the revenue, was advertised by the company’s management, and almost all people had heard of the name, how did it become mysterious and unspeakable in the company’s prospectus?

　　The business model and performance are lackluster 01 The main business is Meituan rider outsourcing

　　The company’s business is divided into two main categories:

　　(1) Non-traditional labor management solutions: As a non-traditional employment platform, the company provides customers with a package of online and offline services.

　　(2) Human resources industrial park management solutions: By the end of 2023, the company had operated and managed 16 human resources industrial parks in China.

　　From 2021 to 2023, the revenue share of non-traditional workforce management solutions will remain at 95%, making it a core business.

　　Non-traditional workforce management solutions are further divided into four categories:

　　(1) Transactional SaaS solutions; (2) Composite employment management systems; (3) Customized services – standard delivery services; (4) Customized services – self-operated local services.

　　(Source: Company Prospectus)

　　At first glance, the company’s business is rather complex and confusing.

　　In fact, the revenue contribution of Meituan, the largest customer, is mainly reflected in "customized service – standard delivery service" ("standard business"), that is, the rider delivery fee paid by Meituan to the company, which is fully recognized as revenue when the order is completed.

　　In 2023, the company’s total revenue 950 million yuan, of which the standard business revenue 810 million yuan, accounting for 85%.

　　Meituan has brought a huge order volume to the company, increasing from 89.40 million in 2021 to 92.50 million in 2023.

　　(Source: Company Prospectus)

　　However, compared with the growth rate of order volume and revenue, the company failed to achieve a simultaneous increase in volume and price.

　　In 2022, the company’s order volume increased by 2.0% year-on-year, driving the standard business revenue and total revenue to increase by 3.7% and 3.5% year-on-year respectively, and it was the best year for performance.

　　The reason is that in 2022, due to strict epidemic prevention and control measures, the capacity of riders is quite tight. Meituan also said in the financial report of the year that it has increased subsidies for riders.

　　By 2023, although the order volume will continue to increase by 1.4% year-on-year, the standard business revenue and total revenue will decrease by 0.5% and 7.2% respectively.

　　(Drawing: Market Cap Wind and Cloud App)

　　According to Meituan, in 2022 and 2023, Meituan’s ready-to-place orders will increase by 14% and 24% respectively, much higher than the company’s growth rate in the same period.

　　(Source: Meituan 2023 Annual Report)

　　Is it because the company’s production capacity cannot keep up with Meituan’s demand, or Meituan doesn’t want the company to be the only one, so the card order volume? This is difficult to evaluate.

　　However, for Meituan, the company’s fungibility seems rather high.

　　According to the order volume disclosed by both parties, in 2023, the company will only account for 4.2% of Meituan’s ready-to-distribute orders (Note: 92.5/2189 3.2 * 100%).

　　02 Core business gross profit is low

　　As a contractor, the company is responsible for recruiting a large number of riders, establishing and managing rider sites at its own expense, and paying for rider commissions, distribution site property expenses, rider insurance, and compensation during the period.

　　Commissions paid to riders constitute the largest expense item for the company’s operating costs, at $640 million in 2023, accounting for 78% of operating costs over the same period.

　　(Source: Company Prospectus)

　　The huge rider commission has resulted in a narrow margin for the company’s standard business. In 2023, the standard business gross margin was 3.2%, lower than the overall gross margin of 12.7% in the same period.

　　(Source: Company Prospectus)

　　Then again, low gross margins are a common problem in the entire ready-made outsourcing industry.

　　The company’s peer competitor, Fun Live, has an overall gross margin of only single-digit percentage, 4.5% in 2023, due to the large proportion of takeaway ready-to-serve business revenue.

　　(Source: Fun Live 2023 Annual Report)

　　03 Government subsidies fell sharply

　　From 2021 to 2022, the company’s annual net profit scale is about 50 million yuan, and the net profit margin is about 5%. In 2023, the company’s net profit has dropped sharply to 32 million yuan, and the net profit margin has dropped to 3.4%.

　　(Drawing: Market Cap Wind and Cloud App)

　　The decline in profitability was mainly due to a significant decrease in government subsidies.

　　According to the disclosure, the company’s non-core business, Human Resources Industrial Park Management Solutions, can receive financial support funds "at its discretion" from local government departments every year.

　　(Source: Company Prospectus)

　　In 2021 and 2022, the government subsidy will be 15.62 million yuan and 12.41 million yuan respectively. In 2023, due to the current situation of local finance, the government subsidy received by the company will be significantly reduced to 1.94 million yuan.

　　(Source: Company Prospectus)

　　It is worth noting that the non-core business that plays a key role in polishing the company’s income statement was acquired by the company and entered the subject of the proposed listing at a rather clever time.

　　According to the disclosure, the operating entity of the non-core business is Haining Boltier, and its original controlling shareholder is Shanghai Boyu Rice, which is 100% jointly owned by the company’s five founding shareholders. Therefore, the acquisition is a merger of enterprises under the same control.

　　(Source: Company Prospectus)

　　Haining Boltier and the company to be listed were established in 2014 and 2021, respectively.

　　According to accounting standards, if the parent company is incorporated later than the subsidiary and is under the same control, the consolidated statement should be prepared from the beginning of the earliest comparison period, that is, the subsidiary has been included in the merger since the establishment date.

　　From 2021 to 2023, Haining Boltier, which was acquired before, paid a total dividend of 44.60 million yuan to the original controlling shareholder Shanghai Boyu Rice, and the acquisition happened to be completed in 2024.

　　(Source: Company Prospectus)

　　After the actual controller divides the money, he can put the business into the main body to be listed, and can also beautify the report with past performance. This silky and coherent series of operations is really wonderful!

　　Fengyun Jun summed up the company in one sentence: lackluster growth and mediocre profitability.

　　There are many companies involved in human resources outsourcing services in Hong Kong stocks, including Liepin (06100.HK), Manpower (02180.HK), and 06919.HK, all of which are small-cap stocks with a market value of no more than 1.50 billion Hong Kong dollars.

　　As for the closest thing to the company’s business model, the valuation given by the US stock market is more demanding, and the latter is currently worth less than $6 million.

　　For companies with such business models, the views of Hong Kong and US stock investors are quite consistent.

On July 19, don’t miss these consumer news

◆ consumption

IKEA responded that children’s furniture was unqualified: it has been discontinued due to the risk of light quality

On July 17, the Beijing Municipal Market Supervision and Administration issued the "Publicity of Quality Sampling Inspection Results of Furniture Commodities in the Circulation Field", and two children’s furniture products with the trademark "IKEA" failed the inspection. In this regard, Yang Fan, public relations manager of IKEA China, said that the relevant products have been discontinued nationwide on March 8 this year; the improved version is currently in the process of final testing. Once it passes the inspection of relevant departments, the improved version will start selling again.

According to the public announcement, two pieces of children’s furniture with storage combinations labeled as "IKEA (China) Investment Co., Ltd., the authorized agency in the territory of IKEA Sweden Co., Ltd." and the trademark "IKEA" failed the inspection. The two products are children’s cabinets and children’s wardrobes, and the models are "Sdovar Grande" and "Sdovar Mara" respectively.

Ginza mall membership upgrade, scan the code to register and get points

　

Ginza mall members have upgraded, and a series of member welfare activities have flocked to them. It is understood that from July 22 to September 22, you can scan the code to successfully register as a Ginza mall member to receive a new member membership gift and get an additional 100 points! In addition, in order for consumers to better enjoy member benefits, Ginza mall will implement whole museum points from now on, and can realize self-service points on the mobile phone; from July 22 to August 29, members will double points, that is, 100 points will become 200, and 200 points will become 400, which can not only be exchanged for member gifts in the points mall faster, but also can be used to exchange for more parking coupons.

In addition to the upgrade of member benefits, Ginza Mall has also prepared a wave of exciting activities, including fashionable and exquisite theme construction, value-added cash vouchers, and rich member points to exchange for gifts.

Latu Rancho 13 batches of suspected plasticizer walnut oil recalled

Latu Rancho walnut oil "plasticizer" controversy has made new progress. On July 18, Qianmai Industrial announced the recall list of 13 batches of Latu Rancho walnut oil, and stated that the company is the exclusive agent authorized by French Green Cross Oil Company in China, "valid so far and in legal compliance". In addition, the Beijing News reporter noticed that these 13 batches were produced between January and March 2019, with two specifications of 250ml and 500ml, and some of them were black cans.

Ma Yinglong cross-border push lipstick, will you buy it?

On July 19, a reporter from the Beijing News learned from the staff of Ma Yinglong’s board secretary office that the company had recently launched three lipsticks, which have now been launched in the Tmall flagship store.

This is not the first time that Ma Yinglong has launched cosmetics. In 2009, the company has launched the first Babao eye cream. In 2018, the company plans to establish an investment in Wuhan Ma Yinglong Great Health Co., Ltd. The main business of Big Health Company includes industrial investment and equity investment in big health businesses such as functional cosmetics, functional foods, baby and anorectal care products.

Image source/Screenshot of Ma Yinglong Babao Flagship Store

◆ Technology

Xiaomi MIX2/Redmi K20/7A adds support for bright screen to wake up Xiao Ai

Xiao Ai Classmate official said today that after upgrading to Xiao Ai Classmate App 4.8 and above, Xiaomi MIX2, Redmi K20, and Redmi 7A have added support for bright screens to wake up Xiao Ai Classmate.

How to operate: Xiao Ai Classmate App → Settings → Xiao Ai Lab → Turn on Keyword Spotting to experience. It is understood that there are currently 5 ways to wake up Xiao Ai Classmate on the mobile phone, namely Keyword Spotting, long press the AI button to wake up, long press the power button for 0.5 seconds to wake up, long press the Home button to wake up, and click the Xiao Ai Classmate icon to wake up.

◆ car

Due to Takata airbag problems, GAC Honda recalls more than 90,000 cars

On July 19, GAC Honda Automobile Co., Ltd. filed with the State Administration for Market Regulation, and since July 22, 2019, it has recalled some domestic Gestu, Fit, Fenfan, Accord, Odyssey, Sidi, Idea S1 series cars and imported FIT HYBRID cars, totaling 94,680 vehicles.

　

The official website of the General Administration for Market Regulation shows that the driver’s seat or passenger seat airbags of vehicles within the scope of this recall have been replaced with ammonium nitrate gas generators produced by Takata Company without desiccant during production assembly or after-sales maintenance. When the airbag is deployed, the gas generator of the airbag may be abnormally damaged, causing debris to fly out, injuring the occupants of the vehicle, and posing a safety hazard.

◆ fashion

Rihanna beauty brand Fenty Beauty will launch in China’s Hong Kong and Macao markets in September

According to the official news of beauty brand Fenty Beauty, it will officially open the Hong Kong and Macau markets in China on September 3, and enter the local T Galleria by DFS (T Square under DFS), Harvey Nichols general merchandise company and its beauty concept stores Beauty Avenue and Beauty Bazaar, Sephora stores. In addition, Fenty Beauty will also enter Seoul Lotte Duty Free, Korean New World Duty Free and Jeju Shilla Duty Free.

Burberry Launches New Union Sneakers

Recently, Burberry launched a new Union sneaker, which is currently on sale on Burberry’s official website at a price of $750 (approx. 5,158 yuan).

Unlike the previous emphasis on traditional British style, the new version of Union sneakers uses a lively orange and brown design. The hollow orange wraps around the upper to create a unique visual experience, and the red and black stripes that run through it also enrich the overall beauty of the silhouette. The sole is made of thick rubber, which is very soft and lightweight to wear. In addition, the "TB" logo is embroidered on the back side of the shoe with a knitting-like technique as a decoration. Although the area is not large, it is very conspicuous.

Beijing News reporter, Zhang Jie, proofreader, Liu Baoqing

The great wall gun became popular! Known as the benchmark in pickup trucks, it sold 160,000 sets with ZF 8AT.

The Great Wall has developed rapidly in recent years. Haval focuses on the home SUV market, WEY focuses on high-end SUVs, while the first love, big dog, mocha (parameter picture) and other models complement the SUV segmentation field. I’m afraid there is no manufacturer in China who is more obsessed with building SUVs than Great Wall. No wonder the brand has the confidence to claim to be the leader of domestic SUVs. In 2020, the Great Wall sold a total of 1,111,598 cars, an increase of 4.84% over the same period. Faced with the impact of the COVID-19 epidemic, enterprises grew against the trend, with operating income reaching 103.283 billion yuan and net profit reaching 5.392 billion yuan, both of which achieved year-on-year growth, especially in 2020, when automobile manufacturers were generally sad.

The three technology brands of Lemon, Tank and Coffee Intelligence were also officially released last year. It can be seen that the Great Wall hopes to cover consumers’ needs in SUV and commercial vehicles more comprehensively. The 2020 Great Wall Cannon is the great wall’s ambitious work in the field of pickup trucks. Although there are already Fengjun series of pearls and jade in the front, the market segment has been tepid due to the policy that pickup trucks are forbidden to enter the city. The launch of this Great Wall Cannon shows the determination of Great Wall to start the pickup truck brand. From January to September in 2020, the sales volume of the Great Wall Gun reached 160,351 units, ranking first in the market segment.

In terms of appearance, the front face of the Great Wall Gun looks round and full, which is in line with the momentum that a pickup truck should have. The quadrilateral air intake grille is magnificent and powerful, and there are large pieces of silver chrome-plated strips wrapped inside and on the edge, which is consistent with the temperament of the whole vehicle. In the configuration of far and near lights and daytime running lights, all the Great Wall guns are made of LED materials, and all the Changan Kaicheng F70 at the same level are halogen lamps. It should be obvious who is more kind. The length, width and height of the new car are (mm)5437/1958/1893, and the wheelbase is 3230mm. The car side lines are relatively smooth, and the surface is more natural. Keyless entry and keyless start in the front row are standard, which is commendable.

The wheel hub specification is 265/65 R18, and the tire comfort performance is good, which is suitable for road driving. The tailgate style is more conventional, but the straight lines are slightly boring. The taillights are also LED light sources, and the effect after lighting at night is quite outstanding. The floor of the container is equipped with container treasure, which can prevent wear and corrosion. The combination of the container frame and the tailgate pneumatic lever allows users to easily put down the tailgate, which is rare in the same class and greatly improves the convenience.

Entering the interior of the Great Wall Gun, it is difficult for you to associate it with a pickup truck, because the interior is no different from a general passenger car, more like an SUV, with a symmetrical layout and a large four-spoke steering wheel. At first glance, it is for male drivers, and both sides are integrated with functional buttons such as multimedia control and cruising. The 9-inch central control LCD screen is embedded, and the addition of 360 panoramic images can significantly improve the convenience of parking. The center console is covered with a large area of soft materials and leather, which feels quite good. The real shot model is red, but personally, it feels more advanced with black and brown.

In the power part, the gun adopts a 2.0T gasoline engine independently developed by Great Wall and code-named GW4C20B, with a maximum power of 190 HP and a peak torque of 360 Nm. Automatic transmission models are matched with 8AT gearbox from ZF, and the stability and ride comfort have passed the test of the market. The front suspension is a double wishbone single suspension, which focuses on comfort. The four-wheel drive system comes from Borgwarner and is also produced by a big factory. It can switch between three driving modes and is equipped with front and rear differential locks. Configuration parts, such as tire pressure display, front seat belt unfastened reminder, body stability system, cruise control, steep slope descent and other functions are standard equipment.

Conclusion: There is no doubt about the hard power of the Great Wall Gun in the pickup truck field, which is why it can become the benchmark product in the domestic pickup truck field. ZF 8AT, Borgwarner four-wheel drive and Great Wall engine are all genuine configurations, and the fully-used interior is also a bright spot, which can not help but make people feel the illusion of family cars. With the adjustment and relaxation of pickup policies in various places, I believe that the sales performance of this car can reach a new high.

Dahe International Auto Show ＂puts on the shelves＂ with more new surprises and experiences.

　　□ Dahe Daily Yu Video Reporter Yi Shi Ge Jie Yuan Li Geng Ziteng

　　The 39th Dahe International Auto Show in the spring of 2024 will be held grandly on April 11th, which is the 20th consecutive year of Dahe International Auto Show. As the first exhibition this year, nearly 70 automobile brands participated, covering almost 95% of the existing brands in the market. By then, thousands of models will be discounted and millions of subsidies will benefit the public, which will not only be a unique opportunity to buy a car in the first half of this year, but also bring many unexpected surprises.

　　Car companies gather, who is the biggest surprise?

　　The 20-year-old Dahe International Auto Show will continue to take "spend less money and drive better cars" as its commitment, and serve Henan consumers with high-standard lineup, cutting-edge intelligent technology and down-to-earth prices.

　　From April 11th to 15th, nearly 70 automobile brands, including independent, joint venture, new force and imported cars, made an all-out effort. The complete brands of fuel, hybrid, extended range and pure electric … and the diversified vehicle selection made you feel the brand-new vitality of Henan automobile market in 2024.

　　Led by BYD and Dongfeng Honda, the high-standard booth of more than 1,000 square meters brings the latest models and technology experience; Luxurious booths of FAW Toyota, Dongfeng Nissan, SAIC Volkswagen and FAW-Volkswagen make you glad you came; Guangzhou Automobile Toyota, yueda Kia, Haval, Beijing Hyundai, Tengshi, Roewe, Geely, Guangqi Honda, Guangzhou Automobile Chuanqi, Beiqi Polar Fox, WEY, Changan Automobile, FAW Pentium, Dongfeng Yipai and Cadillac brought brand-new 600-square-meter immersive booths; Equation Leopard, BAIC, MG, Chevrolet, JAC, Nezha, Ai ‘an, Haobo, Weilai, Volvo, Mercedes-Benz, Lincoln and Audi all came with their brand-new products. Changan Ford, Peugeot Citroen, Star Road, Qiyuan, Deep Blue, Euler, Tesla, Krypton, Aouita, Zhiji, Zero Run, Tucki, Ideal and Lantu will also show the latest models.

　　In 2024, electrification and intelligence have become the core track of the auto industry involution. During the Dahe International Auto Show, more new brand lineups will appear, and more mysterious brands will arrive that have never officially landed in Henan before.

　　This year’s auto show will continue to focus on the "track" of green, low-carbon and artificial intelligence, and all new energy automobile brands will bring new products for the new year to bring consumers richer car purchase choices and experiences. The "new force of building a car" will compete with the new energy brands under the traditional car companies to show off their styles.

　　What new cars do you expect to see at the auto show? Look up to U8, iCAR 03, Aouita 12, Chery Fengyun A8, Geely Yinhe E8, Audi Q4 e-tron, Dongfeng Yipai 007, Haobo HT, Guangzhou Automobile Aian Y PLUS Xingyao Edition, Guangzhou Automobile Chuanqi E8/GS3 Shadow Speed, Kia EV5, Geely Xingyue L, Zero Run C10, Beijing Automobile brand-new BJ40, Guangzhou Automobile Honda brand-new Accord … More new cars are being assembled.

　　The price of the car is included, whose price is lower?

　　Dahe International Auto Show has been held for 20 years in a row, with the aim of making Henan people "spend less money and drive better cars", with the aim of letting more consumers enjoy the benefits and benefits brought by the auto show.

　　In the context of the current white-hot price war, the competition between car companies will also be amplified at the auto show. In order to attract customers, many brands will come up with various forms of preferential profit-making policies on the basis of huge price cuts in March. At present, the heads of several participating brands have said that they will adjust the landing price of new cars sold in Zhengzhou again in early April; The organizing committee will also jointly launch a series of activities such as car purchase subsidy, direct cash drop, replacement subsidy, priority car delivery, spike group purchase, zero interest rate, zero down payment and car purchase gift package during the auto show, so as to further lower the transaction price of new cars and help everyone spend less money and buy better cars.

　　Policy support, double the benefits of buying a car

　　The year of 2024 is a crucial year for comprehensively revitalizing the new breakthrough in three years. From the country to the provinces and cities, various policies to stimulate consumption have been launched one after another, including subsidizing the renewal consumption of automobiles, promoting sales and making profits, etc., to further release the vitality of consumption.

　　The 2024 government work report proposes to stabilize and expand traditional consumption, encourage and promote the trade-in of consumer goods, and boost the mass consumption of intelligent networked new energy vehicles and electronic products. On March 1st, the the State Council executive meeting deliberated and adopted the Action Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods, which aims to carry out trade-in of automobiles, increase policy support, unblock circulation and congestion points, and promote echelon consumption and renewal consumption of automobiles. It is expected that the policy will be implemented in the second quarter. Major car companies have begun to introduce the replacement subsidy policy of "trade-in", such as Dongfeng pushing 10 billion replacement subsidies, with a maximum subsidy of 50,000 yuan; Chery Group pushes 10 billion subsidies, with a maximum subsidy of 40,000 yuan; Geely has a limited time discount of 2 billion yuan and a maximum replacement subsidy of 10,000 yuan. During the Dahe International Auto Show in April, automobile production and circulation enterprises will give concessions on the basis of government subsidies to amplify the effect of government subsidies. Blessed are consumers who buy cars, especially those who change them.

　　Always young, the auto show has a new experience.

　　This year’s Dahe International Auto Show will continue to visit for free, without tickets, so that Henan people can feel the beauty of car life together. At the same time, we will give you a big gift. From 8: 00 on April 11th to 15: 00 on April 15th, we paid attention to WeChat official account, the WeChat of Dahe Automobile. While learning about the brands, models, booth maps and preferential policies, we can also participate in the lucky draw on the special page. Red envelopes from 300 yuan, 100 yuan and 50 yuan are waiting for everyone. The organizing committee will issue red envelopes with a total amount of 80,000 yuan this time.

　　The auto show will set up a delicious coffee and tea area, which is a cross-border cooperation and an in-depth exploration of the "auto show lifestyle". Through integration, creativity and practice, Dahe International Auto Show will redefine the existing form of "coffee & car".

　　The organizing committee of the auto show also invited college students’ bands and rappers from the province to make friends with music to ignite the atmosphere. Through the "Central Plains College Band Spring Show", young people can enjoy the passion and fun brought by music while watching cars. The versatile reporters of Dahe Daily will also show their "unique skills" on the spot.

　　The 20-year-old Dahe International Auto Show will remain young and enterprising, bringing more surprises to Henan car lovers. From April 11th to 15th, Zhengzhou International Convention and Exhibition Center is waiting for you!

　　All the pictures in this edition are data maps, which were photographed by reporters Bai Zhou Feng and Geng Ziteng.

The world is competing to develop AI technology.

Along with various AI models competing to bloom, there is also a crazy influx of capital; As major companies increase the protection of their products, transparency is declining; The powerful ability and wide application of AI have also attracted the attention of policy makers in various countries, and have introduced relevant policies to protect its development. Image source: Physicist Organization Network

　　[World tide of scientific and technological innovation]

　　◎ reporter Liu Xia

　　A heavyweight product in the field of artificial intelligence, "You sing and I debut". Open AI GPT-4 ushered in the "first show"; Google launched a test version of the chat robot "Bard". Before that, the company had already launched the medical large-scale language model Med-PaLM, as well as the large-scale language models PaLM API and MakerSuite；. Anthropic, an artificial intelligence startup, also released Claude；, a product similar to ChatGPT, on the 15th. Coincidentally, China Tsinghua University launched ChatGLM, a bilingual dialogue robot.

　　AI technology ushered in the spring of "letting a hundred flowers blossom". In the report on the 22nd, Physicist Organization Network listed some trends worthy of attention in the AI field: with various AI models competing to bloom, there is also a crazy influx of capital; As major companies increase the protection of their products, transparency is declining; The powerful ability and wide application of AI have also attracted the attention of policy makers in various countries, and have introduced relevant policies to protect its development.

　　Deployment is on the rise.

　　In November last year, ChatGPT was born, and AI once again took the center of the technology stage.

　　Just two months later, ChatGPT has more than 100 million monthly active users, making it the fastest growing consumer application in history. Earlier this month, OpenAI released the ChatGPT API, which will lower the threshold for developers to integrate ChatGPT into their own applications and services.

　　OpenAI emphasized that some companies including fresh e-commerce platform Instacart, cross-border e-commerce platform Shopify, photo sharing application Snap, word recitation application Quizlet, etc. have taken the lead in accessing ChatGPT API to improve the efficiency and experience of customer service, marketing and education.

　　In the past week, ChatGPT and other technologies have further accelerated the pace of "attacking the city": at present, the American software service company Notion, the social question and answer website Quora and the search engine DuckDuckGo have integrated Claude into their products. The first customers of the latest GPT-4 released by OpenAI also include Duolingo, a language learning application, Morgan Stanley, etc. The Icelandic government is also using GPT-4 to protect its language.

　　Competition is becoming increasingly fierce.

　　As AI’s capabilities become stronger and wider, the transparency of many companies becomes lower and lower.

　　The most obvious thing is OpenAI’s technical report on GPT-4, which writes: "In view of the fierce competition environment faced by large-scale models such as GPT-4 and security considerations, the report does not contain further details on architecture (including model size), hardware, data set construction, training methods, etc."

　　Still, some companies have released more details. For example, Meta publicly released LLaMA, and put forward licensing requirements for commercial use. Together has launched OpenChatKit 0.15, a chat robot. Developers can fully access its source code and the data set used to train the robot. ChatGLM-6B in Tsinghua University is also open source.

　　A large influx of funds

　　AI technology and chat bots have attracted a lot of money, the most notable of which is that Microsoft has thrown $10 billion for OpenAI.

　　According to a report by Forbes magazine on the 15th, American startup Adept AI Labs has raised $350 million in Series B financing, with a post-investment valuation of at least $1 billion. In February this year, Google invested $300 million in Anthropics. In addition, Character AI raised $200 million from Anderson Holovitz Venture Capital this month; Perplexity AI, established in 2022, completed a financing of US$ 25 million led by Enyi Investment Company. After financing, the company’s valuation will reach US$ 150 million.

　　Salesforce Venture Capital also launched a $250 million fund and invested in a series of AI startups including Anthropi, Cohere and You.com.

　　Multi-country development blueprint

　　These AI models have become "frequent visitors" of many media and attracted the attention of decision makers all over the world.

　　In October 2022, the White House released the blueprint of the bill of rights for artificial intelligence. Recently, Alexander Madrid, a professor at the Massachusetts Institute of Technology, proposed to the Committee on Cyber Security, Information Technology and Government Innovation of the US House of Representatives: "Artificial intelligence is no longer a science fiction novel, nor is it a technology limited to the laboratory. Artificial intelligence is a technology that has been widely deployed and adopted, and it will completely change our lives; We now need to think about how to shape the world driven by artificial intelligence. "

　　In the past week, Britain announced plans to set up a basic model task force reporting directly to the Prime Minister. At the same time, the British government also announced that it will invest 900 million pounds to build a billion-dollar second-class cutting-edge supercomputer, and will also develop its own chat robot "BritGPT". As British Prime Minister Sunak said: "Basic models like ChatGPT are beginning to show extraordinary new capabilities … … This is the new reality we are facing! The competition to create, develop and utilize these new technologies has flourished around the world. "

Struggle for a century, set sail for a new journey ｜ ＂The masses take the initiative＂ and break into a new road of well-off society in an all-round way-Guanghan story, one of the birthplaces of rural

　　Guanghan City, Deyang City, Sichuan Province is one of the birthplaces of rural reform in China.

　　On the road of continuous exploration of reform and development, modern agriculture here is in the ascendant, and modern industries are constantly falling behind, keeping forging ahead.

　　And look at today’s comprehensive well-off Guanghan experimental field, which branches are competing to spit?

　　— — Liberate yourself from the ridge of the field

　　"In a word, hungry!" Ye Changli, a 71-year-old man from Liangshuijing Community, Jinyu Town, Guanghan City, said. More than 40 years ago, when he was a commune accountant, he shook his head when talking about the absolute egalitarianism of "big pot rice". If you don’t work hard, you will be hungry! "

　　At that time, farmers had no autonomy, so they had to listen to the instructions from above, missed the farming season and reduced production continuously. Guanghan has been a granary of Tianfu since ancient times, but local farmers are sallow and emaciated with hunger.　　

　　"Poverty is not socialism. At that time, the village party branch was under great pressure and called the members to grab the fields that the contracting commune ignored." Ye Changli recalled.

　　The ridge is about one meter wide and can grow some crops. Ye Changli caught four ridges and planted soybeans and peppers. For fear of being labeled as "capitalist tail", he worked in the dark early in the morning and was afraid to speak when he met acquaintances.

　　Beans were abundant, and he pushed tofu for the baby behind closed doors for the first time. Son Ye Wanjian licked the bowl and said, "It would be great to eat tofu every day!"

　　In October 1976, the Party Central Committee smashed the Gang of Four in one fell swoop. When the news came, people were jubilant, and grass-roots party committees were emboldened to lead the masses to reform together.

　　In 1977, the second squad of the fifth brigade of Guanghan Xigao Commune was divided into three operation groups, with joint production contracting and responsibility assigned to each group. As soon as the system was changed, the harvest soared from 220 thousand Jin to 430 thousand Jin. In 1978, Guanghan County Committee started a pilot project of production responsibility system in Goldfish Commune, which increased rice production by 5.2 million Jin!

　　In 1980, Guanghan was the first to take off the brand of People’s Commune.　

In April 1980, Xiangyang people officially took down the brand of "People’s Commune" and resumed the organizational system of "Xiangyang Township People’s Government". (Photo by Xinhua News Agency reporter Liu Qiangang)

　　— — Upgrade the connection between farmers and land.

　　From land contracting to the rise of township enterprises, and then to the withdrawal of counties to set up cities and build development zones, Guanghan has been continuously reforming and developing for 40 years, especially farmers have experienced "land concentration, decentralization and re-concentration" and insisted on seeking truth from facts and keeping pace with the times.

　　Ye Changli, an old man, said that the "tide of working" that arose after the reform and opening up has driven farmers to work to earn money. His son Ye Wanjian is one of them. He works in the decoration industry in Chengdu and Deyang, earning four or five thousand yuan a month.

　　The income of migrant workers greatly exceeds that of farming, and some farmland has no race. Ye Changli is worried that "what does no one eat when farming?"

　　This is also the concern of party branches in various villages. In the Spring Festival of 2012, the Party branch of Shangyu Village in Jinyu Town invited Wu Daihua, a talented person who returned to his hometown, to be virtuous: "Don’t go, let’s transfer the land and do it!"

　　This year, Wu Daihua, who traveled all over the world and was well informed, was 50 years old. "Let’s try to transfer 120 mu of land first," he thought. The local government subsidized seed fertilizer to large grain growers, and he made a net profit of 100 thousand yuan when he settled accounts at the harvest that year!

　　"I earn a lot of money, and contractors earn a little money with 800 yuan transfer fee per mu, and the land is not abandoned. It’s really happy! So I expanded my scale year by year. " Wu Daihua said, "Now it’s all a phone call. The whole agricultural chain, such as seedling raising, water release, transplanting, management, harvesting, drying, warehousing and sales, has achieved door-to-door service, and agricultural insurance and protective price acquisition are at the bottom. Which farmer is not happy?"

　　When the land is concentrated, the small field becomes a big field. With Jinyu Town as the core, radiation has driven more than 100,000 mu of high-yield farmland around.

　　"It’s not unusual for drones to do farm work!" Wang Yi, secretary of the Party Committee of Jinyu Town, proudly said, "The connection between farmers and land has been upgraded. Ownership, contracting rights and management rights are separated. Machines work in the fields, and people pay dividends according to their shares, without delaying their work. The existing farmers’ deposits in our town are 1.55 billion yuan, and only 50 million yuan has been added in the first three months of this year! "

　　As a pilot county for the reform of rural collective property rights system in China, Guanghan completed the asset verification of 179 villages and 2,342 village groups in 2018, and 42 village groups completed the quantification of shares and issued 7,023 share certificates.

　　Courtyard coffee, homestay, country hot pot and other formats relying on rural assets are booming, people are famous, the scenery changes with the pace, villages are scattered in fields, small courtyards, bamboo forests and flowing water are everywhere … … Nowadays, in Guanghan, the demonstration of farming culture in the new era is taking shape.

　　— — Planning the frontier of a new era

　　In recent years, the CPC Central Committee has made major decisions such as the comprehensive innovation and reform pilot zone and the twin-city economic circle in Chengdu-Chongqing area. Guanghan stands in the heart of Sichuan’s "Deyang Mianyang" plain area and shoulders heavy responsibilities.

　　Here, the road network is dense, the logistics is developed, and it is around the clock.

　　The bullet train takes only 18 minutes from Chengdu East Station to Guanghan. Adjacent to Chengdu Qingbaijiang Railway Port, Central European trains run through Eurasia; In Asia No.1 Warehouse of JD.COM Park in Guanghan Industrial Development Zone, 60,000 packages … …

　　Here, science and technology are smart, people work hard and strive for the first place.

　　The export scale of "Guanghan-made" onshore oil drilling rig ranks among the top in China, and a number of equipment enterprises support domestic large aircraft; "Guanghan made" grain and oil has become a brand, and it has become the high-end oil for hot pot; A group of experts went deep into the farmhouse and wrote their papers on the rice fields; The pig farm adopts the intelligent system of "pig face recognition", and the insurance company has one-click remote counting and one-click insurance & HELIP; …　　

On the opening day of Sichuan International Aviation and Aerospace Exhibition in 2019, at Guanghan Airport in Deyang City, the British aerial fireworks display team flew over the audience. Xinhua News Agency (photo by Damon)

　　Facing the future, we plan the frontier and seize the opportunity.

　　Walking into the Civil Aviation Flight Academy of China in Guanghan, lean guys are training on the roller. "We are moving from an aviation power to an aviation power, and we must expand high-end formats such as low-altitude navigation, aviation meteorology and aviation maintenance!" Yang Degui, director of the Propaganda Department of the Civil Aviation Flight Academy of China, said that the aviation industry, as the frontier of opening up, has made preparations for related disciplines … …

　　Dongfeng has a letter, and the spring tide has arrived. The reform vitality of respecting the reality and following the law has been working for a long time in Guanghan, and it is constantly arousing people’s hard work and pursuing happiness.