夜上海论坛|爱上海419论坛|上海后花园论坛|上海龙凤网论坛

CCTV News:On January 14th, 2025, Spring Festival travel rush officially opened. This year, Spring Festival travel rush lasts for 40 days and ends on February 22nd. According to the forecast of relevant departments, the cross-regional mobility of Spring Festival travel rush will reach 9 billion passengers this year, and the passenger traffic of railways and civil aviation is expected to exceed 510 million passengers and 90 million passengers respectively. From the perspective of travel structure, self-driving travel is expected to reach 7.2 billion person-times, accounting for nearly 80% of the cross-regional mobility of the whole society, and the traffic volume of expressways may reach a record high in a single day.

Every year, we focus on Spring Festival travel rush, not only paying attention to a reunion journey, but also witnessing the changes of the times, feeling the speed of "mobility" and the vitality of development in Spring Festival travel rush as scheduled.

During Spring Festival travel rush, the proportion of self-driving buses in the national highway network was high.

Spring Festival travel rush was officially launched on January 14th, 2025, and the Road Network Monitoring and Emergency Disposal Center of the Ministry of Transport released "Research on the Operation of National Highway Network in Spring Festival travel rush in 2025". It is predicted that the passenger traffic on Spring Festival travel rush Road Network will continue to run at a high level this year, and the proportion of self-driving buses will be relatively high.

It is estimated that during the period of Spring Festival travel rush, the average daily traffic of expressways in China will be about 38.5 million, which is about 0.5% higher than that of Spring Festival travel rush in 2024. The peak traffic in Spring Festival travel rush is expected to appear on the penultimate day of the Spring Festival holiday, that is, February 3rd, the sixth day of the first month. During the eight days of the Spring Festival holiday, families travel home more often, and passenger cars become the mainstream, accounting for more than 98% of passenger cars, among which new energy vehicles continue to grow. It is estimated that the traffic volume of new energy vehicles will account for about 19% of the total traffic volume during Spring Festival travel rush, which is a significant increase compared with the same period in 2024.

In addition, during the period of Spring Festival travel rush, the work flow, student flow and cargo transportation flow were superimposed. In the early and late period of Spring Festival travel rush, the proportion of long-distance trips across provinces and regions to return to work and return to school increased significantly. The flow of people is tidal. Before the holiday, megacities and provincial capitals mainly migrate to neighboring cities and major labor exporting provinces and cities, and after the holiday, they flow in the opposite direction.　

Free passage of passenger cars to toll roads during the Spring Festival holiday.

Spring Festival travel rush lasts for 40 days, with a long time span, a large amount of trips, a wide range, long-distance and short-distance trips intertwined, a variety of travel destinations, and a multi-point distribution of congested and slow-moving sections. During the eight-day Spring Festival holiday, minibuses pass through the national toll roads free of charge.

The Spring Festival holiday lasts for 8 days from January 28th (New Year’s Eve) to February 4th (the seventh day of the first month), and the free passage time for minibuses with 7 seats or less is from 0: 00 on January 28th to 24: 00 on February 4th.

The sections that are expected to be prone to congestion and slow down in Spring Festival travel rush in the early stage include Zhangdong Interchange in Guangdong section of Erguang Expressway to Matoutang Tunnel, Huangnigang Toll Station in Anhui section of Ningluo Expressway to Lindong Reservoir Bridge 2, and Zhangjiaqiao to Caojia Bridge in Jiangsu section of Beijing-Shanghai Expressway; Busy service areas during the Spring Festival include Wuxi Meicun Service Area of Beijing-Shanghai Expressway, Fangmaoshan Service Area of Shanghai-Chengdu Expressway in Jiangsu Province, and Xiasha Service Area of Shanghai-Kunming Expressway in Zhejiang Province. There are Haifeng Toll Station in Hebei Province of Qinbin Expressway, Chenglong Toll Station in Sichuan Province of Beijing-Kunming Expressway and Nanjing Toll Station in Jiangsu Province of Shanghai-Chengdu Expressway in Spring Festival travel rush.　

There are still discounts on air tickets for most routes during peak hours.

Let’s look at civil aviation. At present, Spring Festival ticket sales have reached a peak, and some airline tickets still have discounts.

As of January 13th, during the Spring Festival holiday in 2025 (January 28th to February 4th, 2025), the number of air tickets booked on domestic routes exceeded 6 million, and January 30th was the peak of holiday travel. The number of air tickets booked on inbound and outbound routes exceeded 1.52 million, an increase of about 23% over the same period of last year’s Spring Festival. Popular destinations are Chongqing, Chengdu, Beijing, Harbin, Xi ‘an and other places.

Judging from the ticket price, at present, Guangzhou on January 25th — Chongqing, Beijing — Harbin airlines have a 60% discount ticket for 1,000 yuan. After January 17, the air ticket price increased obviously, and it was higher from January 23 to January 27, and began to drop obviously after January 28.　

In addition, there are relatively sufficient air tickets for mid-holiday travel and post-holiday return, and there is still room for air ticket prices to fall back.

During Spring Festival travel rush, it is estimated that 30 million passengers will be sent by water.

Let’s look at the waterway transportation in Spring Festival travel rush. The reporter learned from the Maritime Safety Administration of the Ministry of Transport that in 2025, Spring Festival travel rush is expected to send 30 million passengers by water, up 3.44% year-on-year. During the period of Spring Festival travel rush, passenger roll-off transportation, water sightseeing and ferry crossing in Qiongzhou Strait will usher in the peak of passenger flow.

1905 movie network news Not long ago, Karry’s youth adventure drama was announced as 0830. Yesterday, the drama held a big premiere award. The original author Muye Zhang and director Gary Sing came to the scene to chat with the audience about their shooting experience. From professionalism to performance completion, it is hard to hide their full affirmation of the protagonist Zhang Baoqing as Karry. In addition, Karry’s performance in the play has also been well received by a group of netizens and the media at the scene: "The acting is stable!" "The action drama is crisp, and the literary drama can hold up", "Zhang Baoqing is created, not Karry" and "the characters are properly handled".

　

Karry put Zhang Baoqing to life this time! A tough-boned, plump, three-dimensional and stubborn teenager with bloody courage, incarnated as a humanoid barrage and brought his own sense of joy, completely subverting Karry’s lovely impression on the audience at ordinary times. Through subtle expressions and body language, Xiao Kai vividly expressed Zhang Baoqing’s Jianghu spirit and cleverness, and his eyes were full of excitement, horror, curiosity and expectation. Even Muye Zhang said that he took a fancy to Karry’s inner temperament of blood and tenacity: "Especially he has a pair of eyes and can tell stories".

　

In addition to his brilliant acting skills, Xiao Kai’s personal action scenes are equally amazing. Exploring the sinkhole for the first time, flying horses in snow-capped mountains, fighting beasts with bare hands, climbing vines, etc., all of which are neat and neat, and each scene is definitely a new round of large-scale powder circle scene! Gary Sing, the director, also revealed at the scene that Karry gave himself "extra drama" for the authenticity of the performance, and all the "torture" such as upside-down drama and ice water drama were all filmed by Karry, and it was useless for body double.

　

Many netizens who participated in the premiere of "Eagle Hunting in Tiankeng" also called the show one after another: the plot is compact and there is no sense of procrastination, the real-life shooting of avalanches and mountain cracks is comparable to blockbusters, and the configuration of music and scenes is as ups and downs as riding a roller coaster, which is very exciting … … Producer Gao Mingqian said at the scene that this is a very young starring lineup: "It is also the most romantic adventure drama". Look at brother Baoqing’s ability to keep up with the crisis and his IQ online, and carry out the high-end adventure player style to the end! On August 30th, the call-up order for "Eagle Hunting in Tiankeng" was issued, waiting for you to come to into the pit ~

1905 movie network news 　The Japanese suspense film officially announced its final release on September 6th today, and at the same time, it exposed the poster of the final release and the preview of the "Mystery Case Emerged" version. The film was starred by Kimura Takuya and Ninomiya Kazunari, and Yoshitaka Yuriko, YUTAKA MATSUSHIGE and other acting talents co-starred. This is also the first time that Kimura Takuya has met the mainland audience on the big screen. The film tells the story of two prosecutors who were both apprentices and apprentices. When they jointly pursued a murder case, they launched a tit-for-tat contest in order to pursue justice in their hearts. The film was released in Japan last year and won the box office for two weeks in a row, eventually winning 2.96 billion yen.

"The sinner of the prosecution" is a poster for China mainland.

　

The duel between the two men is explosive, and the two kinds of "justice" are tit for tat.

In the newly released "Mystery Emerges" version of the preview, the plot is slowly unfolded with the outline of a humanoid white chalk at the crime scene as a clue. With the gradual and in-depth investigation by Kimura Takuya and Ninomiya Kazunari, the clues are more and more intertwined, and the "shocking mystery" gradually surfaced. The appearance of "Matsukura", a major suspect in this case, has caused major differences between the two prosecutors in their judgment of the "truth" of the case, even at the expense of tearing their faces and making a big noise. As one of the representative works of Japanese social school reasoning, besides the brain-burning reasoning and suspense elements, the film also discusses the death penalty system in reality, which is thought-provoking.

Kimura Takuya

In the finalized poster released together with the "Mystery Case Emerged" version, although there is only a thin line between the two prosecutors, Kimura Takuya and Ninomiya Kazunari, there is a tense situation behind their serious and calm expressions, and the red line in the middle is actually the insurmountable "bottom line of justice" in the hearts of the two prosecutors. It is not difficult to see from the poster that in the film, apart from two super-popular superstars of Genese Office, there are also well-known heavyweights such as Yoshitaka Yuriko, a "lonely gourmet" and YUTAKA MATSUSHIGE, who joined together to form a "luxury package for prosecutors", showing the audience the "wild" side of the Japanese prosecutor’s ecosystem.

Ninomiya Kazunari

The film "The Prosecutorial Sinner" is adapted from the novel of the same name by Japanese author Yuki Sukeyoshi. The original book, with its sharp story and "soul torture" on "justice", has aroused heated discussion among readers. The book has won two awards in 2013 "Best 10 of Wenchun Mystery Novel" and 2014 "This Mystery Novel is Great", which has been widely recognized by readers. After the film was released in Japan, it will be released for just one week in the first weekend, and it will be the box office champion for two weeks in a row, and finally win 2.96 billion yen.

　

Super-popular superstars cooperated with emerging idols for the first time, and the mainland of Kimura Takuya made its debut on the big screen.

It is worth mentioning that although the two leading actors are in an artist agency, this film is their first collaboration. Ninomiya Kazunari once said in the filming process: "Compared with the most cold-faced prosecutor in the film, Kimura’s predecessors often send me emails to encourage me to do whatever I want. Faced with such encouragement from my predecessors, I really have to do it well." Kimura Takuya also said that Ninomiya Kazunari’s acting skills are very realistic and often affect me.

Kimura Takuya has always existed as a "big star in Heisei era". As a super-popular Japanese superstar, he has become a household name in Japan and an idol of a generation in China since he debuted in 1991. Show Lo, who is actively interacting on the new media platform, is his most loyal fan, and S, who is moved to tears because of Kimura Takuya shooting a VCR. Although Kimura Takuya has a large fan base in China, since his debut, he has never seen any works in China on the big screen. Previously, it was reported that "The Prosecutorial Sinner" was expected to be introduced to the inland, which triggered a heated discussion among netizens. I believe that this film will finally make the big stones in the hearts of fans fall.

　　Introduction:In recent years, public security organs around the country have further simplified administration and decentralized power, innovated management and optimized services around the vital interests of the people, and constantly promoted the implementation of public security traffic management reform measures, which have been widely praised by the society and the masses. Let’s review the new convenience measures that have achieved remarkable results in 2017 and are closely related to our lives.

　　New measures of public security reform to facilitate the people and benefit the people

　　Keywords: hukou and residence permit, certificate issued by police station, convenience and benefit service platform.

　　First, the comprehensive reform of the household registration system

　　Focus on promoting the urbanization of agricultural transfer population, speeding up the implementation of the residence permit system, solving the problem of non-hukou registration, promoting the acceptance of resident ID cards in different places, cleaning up and rectifying household registration management, improving the timeliness of household registration, and unblocking the supervision channels for household registration.

　　Up to now, 23,613 cross-provincial acceptance points for resident identity cards have been set up in various places, handling more than 11.49 million resident identity cards and issuing more than 50 million residence permits for the masses in different places; There were 38,000 windows for reporting the loss and claiming lost property, and more than 9.07 million pieces of information were accepted for reporting the loss. The problem of more than 13 million people without registered permanent residence left over from history was basically solved.

　　Second, the certificate issued by the police station is simplified

　　In accordance with the principles of "according to the law" and "who is in charge, who is responsible", unnecessary certificates and procedures have been thoroughly cleared, and the types and quantities of certificates issued by police stations have generally dropped sharply. Chongqing, Jilin, Hunan, Zhejiang and other places have integrated more than 48 billion pieces of basic information, further promoted information sharing among departments, and provided information verification in 93 batches for more than 60 million people.

　　At the same time, local public security organs actively promote the collection, integration and sharing of departmental data, and strive to "let the data run more and let the people run less errands". According to statistics, the types of certificates in Jilin, Chongqing, Sichuan and Xinjiang decreased by 82%, 82%, 85% and 87% respectively, and the number of certificates issued in Liaoning, Heilongjiang, Hunan, Zhejiang, Guangdong and Hainan decreased by about 40%, 67%, 26%, 36%, 23% and 20% respectively.

　　Third, the "internet plus" household administration convenience Huimin service launched innovation

　　Henan, Heilongjiang and other places launched the "internet plus" service platform, which simplified the procedures, continued to introduce measures to facilitate the people and enterprises, innovated the service methods of public security and household registration, and actively responded to the people’s new demands and expectations for police work.

　　Among them, Henan Province has launched the "internet plus" household administration convenience service platform, and since the opening of the "Henan Police-People Connect" mobile APP and the "Henan Public Security Micro-Police Service" WeChat service number, it has opened up all aspects of online real-name authentication, online payment, online mailing and other online procedures, and realized 29 household administration services such as birth registration and house purchase. Since the platform was launched, it has handled 54,800 household registration businesses submitted by the masses, which has become the main business content of the largest "internet plus Government Affairs" comprehensive service platform in the province.

　　(The picture shows the public security police introducing the "Henan Police-People Connect" mobile APP and the "Henan Public Security Micro Police" WeChat service number to the masses. )

　　Measures to facilitate the people and benefit the people in traffic service management

　　Keywords: driving test reform, vehicle inspection reform, license plate management reform

　　First, the driving test reform was launched.

　　Since the reform of self-driving test was successfully started and implemented, it is more convenient to study driving, and the quality of driving school training service has also improved.

　　Online self-registration:All the 31 provinces in China have opened the Internet to take their own exams, and 247 million people have taken exams online, which has achieved a fair distribution of exam resources. There are 1097 new examination rooms in China, and 901 counties and cities have carried out all-subject examinations for small cars.

　　Measures to facilitate the people and benefit the people are fully implemented:A series of service measures have been fully implemented, such as releasing the examination and replacement in different places, relaxing the driving conditions for disabled people and optimizing the medical examination requirements for the elderly. At present, 86,000 people have applied for the driver’s license of large vans in different places, 5.657 million people have renewed and verified their driver’s licenses in different places, and 54,000 people with visual impairment and upper limb disabilities have obtained their driver’s licenses. More than 11 million elderly drivers aged 60 to 70 no longer undergo annual physical examination.

　　Second, the reform of vehicle inspection continued to advance

　　Since the implementation of vehicle inspection reform, local public security traffic management departments have actively cooperated with quality inspection departments to effectively promote stricter and more standardized vehicle inspection, fairer and fairer market and more convenient and efficient service.

　　Effective solution to the problem of "difficult vehicle inspection";There are 1,832 new automobile inspection agencies and 3,450 inspection lines in China, with an increase of 57.7% and 61.2% respectively, effectively solving the problems of difficulty in vehicle inspection and long queues, and the situation of illegal intermediary disturbing people and illegal charges has also been significantly reduced.

　　Vehicle inspection is faster and more convenient;The six-year exemption for private cars, the exemption for new cars, the appointment for inspection, and the inspection in different places in the province were fully implemented. 328 cities including Beijing launched the appointment inspection service and the inspection on Saturdays and Sundays continued. 154 million private cars enjoyed the exemption policy, and 19.76 million car owners realized the inspection in different places in the province.

　　More standardized development of vehicle inspection industry;Information-based remote supervision platforms have been established in various places, and 816 illegal inspection institutions have been investigated and dealt with, and 89 serious illegal inspection institutions have been revoked, effectively purifying the inspection industry and significantly improving the standardization of vehicle inspection.

　　Three, the smooth implementation of motor vehicle license plate management reform.

　　In May this year, the Ministry of Public Security officially launched the reform of motor vehicle license plate, resolutely unified and standardized, resolutely eliminated the accumulated disadvantages, and significantly improved the standard level of license plate management.

　　The license plate issuance is fully fair and open;The nationwide promotion of motor vehicle number plate selection system, unified number plate distribution, unified number pool management, unified number supervision, put an end to human operation, all number plate numbers are distributed to the masses fairly and openly, and online number selection, "one out of 20 ~ 50" and other service measures are fully implemented, which are widely welcomed by the society.

　　Comprehensive popularization and application of new energy vehicle license plate;In December 2016, after the pilot projects in Shanghai, Nanjing, Wuxi, Jinan and Shenzhen were launched, in July this year, the special number plates for new energy vehicles were fully promoted and applied. Up to now, a total of 19 cities have launched special number plates for new energy vehicles, and a total of 150,000 new number plates have been issued.

　　Measures for the convenience and benefit of entry-exit service management

　　Keywords: foreigners’ permanent residence certificate, travel service measures, border inspection policies and measures.

　　First, it is more convenient for foreigners to apply for permanent residence certificates.

　　On June 16, the new version of the permanent residence identity card for foreigners was issued, and the permanent residence certificate for foreigners was machine-readable. Since the card was put into use, it has been issued smoothly and received good response, and all sectors of society have given positive comments. Up to now, 4,819 new permanent residence identity cards for foreigners have been signed and renewed.

　　Second, the service measures to facilitate the people to travel for permits continued to be introduced.

　　Provide convenience for people to apply for permits at home and 24-hour self-service, study and standardize the work of setting up acceptance windows for entry and exit documents in police stations, and set up acceptance points in 901 police stations in 15 provinces (autonomous regions and municipalities directly under the Central Government); Actively promote the policy of residence permit holders applying for entry and exit documents at their places of residence, and the implementation scope has been extended to 284 cities across the country.

　　At the same time, in order to actively promote the electronic reform of entry and exit documents, the electronic pass to and from Taiwan was fully launched on April 24 this year. All five types of entry and exit documents mainly for private purposes in China were electronically realized, and the holder’s self-service customs clearance was realized simultaneously, and the anti-counterfeiting performance of documents and the efficiency of issuing and checking were significantly improved. At present, the exit-entry administration departments of public security organs across the country have issued a total of 199 million electronic exit-entry certificates.

　　(The picture shows that the exit-entry administration department of the public security organ in Luohu District, Shenzhen, Guangdong Province has built a 24-hour self-service accreditation service area. )

　　Third, the border inspection policies and measures continue to be optimized.

　　Shanghai and other hub air ports have carried out convenient measures such as trial implementation of direct round-trip crew exemption from border inspection procedures and the opening of the "single window" platform for international trade by the national seaport border inspection authorities. Take Shanghai Hongqiao Airport as an example. Since the implementation of this policy on March 26th, Shanghai Border Inspection Station has handled the formalities of exemption from border inspection for the direct flight crew of eight airlines, providing convenience for the crew of 4102 flights with 55378 passengers.

　　At the same time, the self-service customs clearance service has also been vigorously promoted, and passengers with electronic travel permits "L" can now carry out self-service customs clearance. Since the beginning of this year, 912 self-service channels built at 62 travel inspection ports across the country have cleared 125 million inbound and outbound passengers, accounting for 42.8% of the total number of inbound and outbound personnel.

　　It is understood that the Ministry of Public Security and the China Insurance Regulatory Commission have deployed and promoted the work of quick compensation for road traffic accidents in highway and rural areas nationwide in order to solve the problems of long period and complicated procedures in handling and settling claims for road traffic accidents in rural areas, which has played an important role in improving the efficiency of accident handling, alleviating traffic congestion and avoiding secondary accidents.

　　In addition, the Ministry of Public Security has joined hands with China Post to carry out postal outlets to handle public security traffic control business, which has been successfully piloted in Wuxi, Jinhua and Chengdu. Zhejiang has deployed and promoted it throughout the province, effectively expanding the service network and extending the service tentacles, making it convenient for people to handle traffic control business nearby.

　　In terms of entry and exit management, the implementation of Beijing-Tianjin-Hebei regional linkage has also been promoted. Guangdong Province has implemented a 144-hour visa-free transit policy for foreigners, and Hainan has also implemented a visa-free entry policy for 59 countries.

　　[Global Network Reporter Li Dongyu] Turkey and Kurdish armed forces are fighting fiercely in northern Syria. The US Treasury Secretary said on the 11 th that the White House is considering economic sanctions against Ankara. In response, the Turkish Foreign Ministry issued a statement on the evening of 11th condemning the US plan and vowing to retaliate. On the same day, Turkish President Erdogan said that despite the "threat" from the United States and its allies, the Turkish army will continue to crack down on Kurdish militants in northern Syria. He also insisted that the target of the attack is not Kurds, but "terrorists" (that is, Kurdish armed forces).

RT report screenshot

　　According to reports from Sputnik news agency & radio and RT, Erdogan said on Friday, "We will not stop. As Turkey, we will never stop this battle, no matter what anyone says. " "The United States and Europe say that we are killing Kurds. Kurds make our brothers. Our battle is against ‘ Terrorist organization ’ Yes. "

Screenshot of Sputnik news agency & radio report

　　Just before Erdogan’s statement, there was a voice in the United States calling for sanctions against Turkey. According to the Russian satellite news agency, earlier in the day, US Treasury Secretary Mnuchin also told reporters that the Trump administration is considering issuing an order that will expand Washington’s ability to impose de facto economic sanctions on Ankara in response to (Turkey) military operations in northern Syria.

　　In response, the Turkish Foreign Ministry responded on the same day. In a statement, the Turkish Foreign Ministry vowed revenge and severely condemned the US plan.

　　“‘ The fountain of peace ’ After the operation began, the news spread to all levels of the US government. The goal and scope of this action have been completely and clearly explained to the international public … … Turkey is working with ‘ Terrorist organization ’ Fighting, we will resolutely continue this battle. " The statement added: "No one should doubt that we will fully respond to every step in a reciprocal manner."

　　The Turkish Ministry of Defence announced on the 9th that the Turkish army has launched ground military operations against Kurdish armed forces in northern Syria. The Turkish Ministry of Defence said on social media that as part of the "Spring of Peace" operation, the Turkish army and the "Syrian National Army" have begun to launch ground attacks in the east of the Euphrates River in northern Syria.

　　On the eve of Turkey’s military operations, the White House said on the 6th that the US military would "not support or participate" in Turkey’s upcoming military operations in northern Syria, and the US military would withdraw from the relevant areas. On the 10th local time, US President Trump presented Turkey with three options on Twitter: participating in the war, imposing sanctions or reaching an agreement. He wrote, "Send thousands of American troops (to the region) and then win the military battle, severely attack Turkey with economic sanctions, or mediate an agreement between Turkey and Kurdish armed forces!" When asked by a reporter which option he preferred, Trump replied: "I hope it is the last one."

Zheng Xiaolong and his film and television dramas.

Beijingers in new york

Scraping

Golden wedding

　　It is no exaggeration to call Zheng Xiaolong one of the pioneers of China TV series.

　　In the 1980s, he served as the deputy director and director in charge of production of Beijing Television Art Center. Zheng Xiaolong planned and organized a number of TV dramas that caused a sensation in China: the first feature TV series "Four Generations under One roof", the first feature indoor drama "Desire" and the first TV series "The Story of the Editorial Department".

　　The first time he directed a TV series, he handed over a perfect answer: A Peking Man in new york, which became a classic to show China’s personnel career and emotional course when he went to the United States to seek gold in the early days. This is also the first TV series filmed by China in the United States.

　　After that, he directed the film for the first time, and gained a good reputation with Guasha, which showed the cultural differences between China and the West.

　　In the meantime, he founded the first China TV program distribution position overseas, explored the market-oriented road of China TV series at home, and signed contracts with several provincial TV stations to open the first domestic TV drama boutique theater "Ivy Theater" in China.

　　At present, the TV series "Golden Marriage" directed by him is being broadcasted on the national ground channels, and once it was broadcast in Shanghai, it quickly became the ratings champion of the same program. Another TV series "Ten Days of Life and Death" directed by him is also being broadcasted in Shanghai these days.

　　"Golden Wedding" tells the story of parents.

　　Reporter: Director Zheng, how did you come up with the idea to shoot such a theme as Golden Wedding?

　　Zheng: Three years ago, I went back to my hometown to persuade my parents to fight. When I was driving back to Beijing, I thought about their life-long marriage. It would be interesting to reflect some of them. Later, when I told the big guy that it was all good, I found a screenwriter to start work.

　　Reporter: So, The Golden Wedding is your parents’ autobiographical marriage?

　　Zheng: Not exactly. My parents are both soldiers, and their occupations are very different from those of the two protagonists in the play. It should be said that "Golden Marriage" is the epitome of our parents’ marriage life, which has the shadow of my parents’ marriage and the shadow of other people’s parents’ marriage, so it has been resonated by many people.

　　Reporter: Since we are talking about our parents’ life, will we worry that the post-80s generation don’t like watching it?

　　Zheng: Not worried. "Golden Marriage" can help the post-80s understand the marriage life of the previous generation, and also help them understand an era. Besides, married life has a lot in common that has nothing to do with the times. People born after 1980s will get married sooner or later. Many interesting things will happen in marriage.

　　Reporter: These interesting things come from the most trivial and plain life.

　　Zheng: "Golden Marriage" is about the possibility in a normal marriage, and it has nothing to do with legend. Nowadays, many ethical dramas, which I call urban romantic dramas, are full of where will you go and bizarre plots. It doesn’t mean that legends can’t appear in life, but legends are not the normal state of life. After all, most ordinary people still live a normal life. Compared with legends, I hope to find interesting details in ordinary life.

　　Original, adhere to the civilian perspective

　　Reporter: This kind of family ethics drama with twists and turns in common places has been very popular in recent years. This year, there are New Marriage Times and Double-sided Adhesive, etc. In the past, there were Hand in Hand and Chinese Divorce, etc. Is Golden Marriage a work that follows the trend?

　　Zheng: Literary works need to be close to life to have life, and life will provide you with endless materials. Because the works that everyone took before shooting must be born with insufficient vitality. Not to mention "Golden Marriage", such as "Happy Life of garrulous Zhang Damin", "Ten Years of Marriage" and "Year after Year" and other ethical dramas, were also filmed by our center, not because others filmed us. Including The Golden Marriage, these plays have a common feature: they have entered the lives of ordinary people.

　　Reporter: But it is undeniable that "following the trend" is a feature of Chinese screens in recent years. Maybe, after your Golden Wedding, there will be Silver Wedding and Diamond Wedding to catch up with you.

　　Zheng: Following the trend, to put it bluntly, is a lack of originality. For every film and television company, the core competitiveness is originality. In fact, we are not short of original materials, there are too many in life. But many of our creators don’t want to enter life. For them, it is far more important to pay attention to whether the series makes money than others. In this way, "following the trend" is undoubtedly a good way to save effort.

　　Reporter: What do you think is most needed for originality?

　　Zheng: Step into life and enter the hearts of ordinary people. Many of us who engage in film and television dramas now regard ourselves as "aristocrats", which is wrong. How can you create something that ordinary people like if you don’t treat yourself as an ordinary person and have a civilian perspective? Stick to the common people’s point of view and shoot what they like, then the common people will definitely see your work.

　　Audience rating is not an artistic standard.

　　Reporter: It should be said that the ratings of Golden Wedding are very good everywhere, but it can’t be compared with the high ratings of Desire and Peking Man in new york. What do you think?

　　Zheng: I think the ratings of Golden Wedding are normal. On the contrary, the high ratings of Desire and Beijingers in new york are not normal. At that time, people’s entertainment life was monotonous, there were few TV channels, and people didn’t have many choices, so a single TV series had such high ratings. Now the environment is different, so our TV works should be more innovative and reasonable, and we should not fool the people.

　　Reporter: But compared with the era of Desire, people now pay more and more attention to the counterexample of ratings.

　　Zheng: The ratings can’t be ignored, but they are certainly not the only criterion to measure a work. Some TV dramas with grandstanding and poor production level may have temporarily high ratings, but does high ratings mean that they are fine? Boutique is a work that is still full of vitality after experiencing big waves and sands. The core of this kind of works usually has realistic criticism or cognitive value to the times and people. Only such TV works can really withstand repeated replays. For example, "Beijingers in new york", many years later, if someone talks about China’s gold rush abroad, they will think of "Beijingers in new york". I think that only shows that it is a successful work.

　　Star, choose the right role

　　Reporter: Zhang Guoli and Jiang Wenli are the two leading characters in Golden Wedding, both of whom are star-rated actors. In recent years, many TV dramas have invited big-name stars at a high price, but they still can’t guarantee the ratings. What do you think of this?

　　Zheng: When using actors, the most important thing is to fit the role. Choosing stars, from the perspective of reception psychology, people like to choose people they are familiar with, and stars are "familiar" people.

　　Give me an example from my own life. A few years ago, I went to the supermarket to buy toothpaste. There were more than 100 kinds of toothpaste, and it was impossible for me to read all the descriptions of these 100 kinds of toothpaste before choosing, so I quickly chose a toothpaste I had seen in an advertisement. In the same way, stars are like advertisements. Stars can make the audience stay for a few more seconds or minutes on the TV screen, and because of these few seconds or minutes, the audience is likely to enter the plot and lock in the play. Of course, if the star is not suitable for the role, the audience will "defect" halfway.

　　Industry needs scale effect.

　　Reporter: Some old films, including "Desire" and "The Story of the Editorial Department", are still being replayed, and many viewers follow them. What will it feel like for you to look back at your old work after many years?

　　Zheng: When I finished filming, I always felt that there were some problems. I felt that the lens here could be better and the story there could be changed again. On the contrary, looking back now, I will appreciate it. It feels more like looking at other people’s works, probably because of the aesthetic feeling of distance produced by time.

　　Reporter: Now, watching "Golden Wedding" at a close distance will probably be less tolerant.

　　Zheng: The Golden Wedding has many problems, such as running out of light. But I can’t help it. The shooting time is too tight. I filmed 50 episodes in more than 4 months and worked 14 hours a day without a holiday. When I was filming "Desire", I shot multiple cameras together, and in this way, I also filmed it for one year. What about Golden Wedding? It took 4 months and 8 days from the startup on September 10 last year to the shutdown on January 18 this year. Not only "Golden Marriage", but now the shooting time of many TV series is getting shorter and shorter, which is contrary to the law of artistic creation.

　　Reporter: Why are you in such a hurry?

　　Zheng: The TV drama industry is immature, and the capital flow is not equal. In China, TV plays are a buyer’s market, and the buyers of TV plays are TV stations. Generally speaking, the advertising revenue brought by TV series accounts for about 70% of the total advertising, but the expenses that TV stations spend on buying TV series are often only a few percent of the advertising revenue. The income of TV series can’t be guaranteed enough, so we have to reduce the cost, which of course includes shooting as soon as possible.

　　Reporter: You mentioned the TV drama industry in China. As a senior authority, what do you think of the current situation of TV drama industry in China?

　　Zheng: It is better to say that the industry is not mature than it has not formed. To form an industry, we must first form a complete industrial chain. This "chain" should be linked with the large-scale production of scripts, production, shooting, distribution and operation. However, the threshold of domestic film and television dramas is low, and there are a large number of workshop-style units. Taking scripts as an example, Hollywood, which has a mature film industry, can choose one of tens of thousands of scripts to operate. What about us? We often grab a script from somewhere, then grab a few more people, rent a few venues, get two machines and start shooting. This is not impossible, but it is still far from the so-called industry.

　　Reporter: Do you have any personal suggestions?

　　Zheng: I hope our management organization can pay more attention to TV drama creation and make corresponding policies. I also believe that China TV series will get better and better tomorrow.

Editor: Fan Jing

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

　　I. Overview of the Company’s main businesses during the reporting period

The company is mainly engaged in precision functional parts, structural parts, modules and chargers, and its products are mainly used in AI terminal equipment and communication, automobile, photovoltaic energy storage and other industries.

Ii. the industry in which the company is located during the reporting period.

1. AI terminal equipment and communication related industries

1.1 AI terminal equipment related industries

In 2023, global artificial intelligence (AI) technology made a breakthrough, especially in the field of generative AI, which led a technological revolution. In this process, terminal hardware is expected to become the entrance of AI, "hardware +AI" is a revolutionary promotion of work and lifestyle, and the integration of multiple ecosystems in the whole scene of smart terminals is accelerated. After years of efforts, the company has actively laid out the field of AI terminal hardware, transformed and upgraded from a consumer electronics manufacturer to an AI terminal hardware manufacturing platform, and provided services such as R&D, design, production, sales and solutions for core components in the upstream of the AI terminal hardware industry chain.

In 2019, the Organization for Economic Cooperation and Development (OECD) defined artificial intelligence (AI) as "a machine-based system that can make predictions, suggestions or decisions that affect the real or virtual environment for a given human-defined goal". Although AI is regarded as an invisible technical system, it is based on physical infrastructure and hardware. AI terminal electronic products include consumer electronic products such as smart phones, notebook computers, tablet computers and smart wearable devices, enterprise-level commercial electronic devices such as data center equipment, large servers, industrial computers and power supply equipment, and innovative electronic terminal products such as augmented reality (XR).

At present, the global demand for consumer electronic products such as smart phones, tablets, smart wear and XR still faces certain challenges. However, the rich application scenarios of artificial intelligence terminals and the innovation and upgrading of interactive forms of artificial intelligence models in the future will promote the upgrading of the demand for artificial intelligence terminal products and hardware terminals such as heat dissipation, chargers, storage and screens in the industry, and the industry is expected to usher in new opportunities for development. IDC, an international research institute, predicts that in 2024, the terminal equipment equipped with AI function will exceed 70% in China market, and the proportion of AI terminals will reach 55%; The penetration rate of AI PC in China PC market is about 8.1% in 2023, and it is expected to rapidly increase to 54.7% in 2024. In the next few years, the proportion of AI PC in new machine assembly will rapidly increase, and it will reach 85% in 2027, becoming the mainstream model in PC market. The innovation of artificial intelligence (AI) technology will lead a new round of scientific and technological trends. According to the data and forecast of CounterpointResearch, a market research organization, the global shipment of generative AI smartphones will be about 47 million units in 2023, accounting for about 4% of the total smartphone shipment. 2024 will be the key year for generative AI smartphones, and the shipment is expected to exceed 100 million units. By 2027, the global shipments of generative AI smartphones will rise to 522 million units, accounting for about 40% of the total smartphone shipments, with a compound annual growth rate of 83%. Artificial intelligence will empower to create a more intelligent, perfect and interconnected ecosystem.Drive function upgrade, constantly enhance the functional experience of electronic devices and the interconnection and entertainment between multiple devices.

A. Heat dissipation has become one of the obstacles restricting the improvement of computing power, and it is also an important factor limiting the innovation and upgrading of AI terminal products. With the rapid development of the AI terminal industry, the demand for related data and computation has exploded, and the role of computing power has become more and more important. A large number of AI large models need strong computing power support to be effectively implemented, and AI computing power has become the decisive factor for terminal products to break through the diversity of application scenarios and performance innovation and upgrading. The requirement of high-intensity and high-precision operation not only brings high energy consumption, but also produces various practical problems of heating and cooling.

According to the research on the development of heat dissipation and cooling of electronic devices published by China Electronics Science and Technology Corporation, the system reliability and stability of electronic products decrease with the increase of semiconductor component temperature. In order to avoid device failure caused by overheating, technologies such as vapor chamber (VC), thermal conductive silicone grease, thermal conductive gel, graphite thermal conductive sheet and heat pipe have appeared one after another and continuously upgraded, so the heat dissipation management of electronic devices in AI terminals is becoming more and more important.

According to the characteristics of heat source power consumption, cooling requirements, spatial structure and so on, various cooling products will be used alone or in combination. Due to its great advantages in heat dissipation efficiency, VC vapor chamber has gradually become the mainstream heat dissipation scheme for AI mobile phones and PCs, and has accelerated its development towards ultra-thinness, simplified structure and low cost, and the technical iteration is accelerating. In the future, with the obvious trend of high power, high integration and high heat in the 5G era, VC vapor chamber will become the "hard core demand" of AI terminals, and the market still has great development potential.

With the rapid development of AI technology, cloud computing and Internet of Things technology, the scale of global computing equipment, data centers, AI servers and other key infrastructures has rapidly increased, and graphics processors (GPU) and central processing units (CPU) have been upgraded to higher performance, further promoting the demand for thermal management systems. The appearance of GPT-4 and other large models has brought about a new growth trend of computing power, and the doubling time of computing power has been obviously shortened. With the higher performance and power of the computing chip, the computing center further improves the power density of the rack, which puts forward higher requirements for the power supply system and cooling system, and the value of the cooling module and power management system in the core components is significantly improved. IDC, an international research institute, predicts that the global AI server market will reach 34.71 billion US dollars by 2026, and the growth rate of the market scale is higher than that of the overall server market, which has become the core driving force for the global server industry to maintain a prosperous growth. With the increasing power consumption of data center equipment and AI servers, GPU, CPU and other computing chips are upgrading to higher performance, which puts higher demands on power supply system and cooling system, and the value of power management system and cooling system in core components is significantly improved.

B. AI terminal product innovation and upgrading is expected to empower terminal industries such as XR(VR, AR, MR) from the hardware side and interactive content side, driving the industry to accelerate its growth. In order to improve the perceptual interaction experience of XR, it is very important to continuously improve the hardware and AI algorithm. XR devices need to recognize and understand real-world information quickly and accurately in order to interact effectively between real and virtual worlds. AI can use computer vision algorithm and deep understanding technology to efficiently restore the real environment, and optimize various perceptual interaction experiences such as eye tracking, bare-handed interaction and facial recognition, so as to improve the performance and user experience of XR devices. Five departments, including the Ministry of Industry and Information Technology, issued the Three-year Action Plan for Innovation and Development of Meta-Universe Industry (2023-2025), which mentioned expanding the entrance of Meta-Universe, accelerating the large-scale promotion of immersive display terminals such as XR head display and naked-eye 3D, and the new products released by world-renowned terminal electronic brands are expected to stimulate users’ interest in XR. IDC, an international research institute, predicts that 2024 will be the year of recovery of the global AR/VR head-mounted display market, and the estimated shipment volume will increase by 44.2% to 9.7 million units. It is estimated that by the end of 2028, the sales volume of virtual reality head-mounted displays will reach 24.7 million units, with a five-year compound growth rate (CAGR) of 29.2%. With the breakthrough in related technical fields, the continuous enrichment of content ecology and the improvement of consumer experience, XR products will probably become more popular.

C. Folding screen mobile phone has become a new growth point and an important development opportunity in the current smart phone market with its high technical threshold and high added value. The technical bottlenecks of key components such as flexible OLED, hinge, hinge and UTG glass have gradually broken through, and the stability of the supply chain has been greatly improved. Counterpoint, a market research organization, predicts that the global market share of folding screen mobile phones in high-end mobile phones will reach 8% in 2023, and it is estimated that the global market share of folding screen mobile phones in high-end mobile phones will reach 39% in 2027.

With innovative design, differentiated experience and consumers’ increasing demands for personalization and entertainment, major manufacturers have taken folding screen phones as a new track to seize the high-end market, and the release frequency of related products is increasing year by year. It is predicted that the industry will enter a concentrated outbreak period. According to IDC, an international research institute, in 2023, the global shipment of folding screen mobile phones was about 21.4 million units, a year-on-year increase of 50.7%.

The basic function optimization of folding screen mobile phone hardware equipment is the top priority of the development of folding screen mobile phone brand manufacturers at this stage. Major manufacturers are constantly adjusting and researching hinge structure, battery material and screen material through cutting-edge technology, further optimizing the basic configuration of folding screen mobile phones in terms of body thickness, weight and crease, laying a foundation for the development of folding screen mobile phones, and providing effective support for the continuous optimization of user experience and the improvement of intelligent ecology in the future.

At present, the design concepts of folding screens by mobile phone manufacturers are mainly divided into performance-oriented, thin-oriented and thin-all-round. Due to the heavy volume of performance-oriented products, the portability is poor and the consumer acceptance is relatively low. Thin and light-oriented manufacturers have improved portability by upgrading hardware to reduce the weight of folding screens, but they have made trade-offs in some functions. Nowadays, domestic head manufacturers have crossed the single stage of thinness, added more flagship functions to folding screen mobile phones, which has been widely recognized by consumers, and product design has begun to develop in the direction of thinness and versatility, and will become the main trend of future development.

1.2 Communication equipment related industries

With the increasing number of policies such as "Notice on Strengthening End-network Collaboration to Help the Development of 5G Message Scale" and "Overall Layout Planning of Digital China Construction" and the continuous promotion of new global AI applications, China’s new digital economy infrastructure is expected to help upgrade the computing network, and further promoting 5G construction and application is the focus of future policies and demands. China is far ahead of other countries in terms of 5G infrastructure and the number of users. According to the data of the Ministry of Industry and Information Technology, by the end of 2023, the total number of 5G base stations in China reached 3.377 million, accounting for 29.1% of the total number of mobile communication base stations, and the average number of 5G base stations per 10,000 people reached 24. By the end of February 2024, the total number of 5G base stations in China reached 3.509 million, accounting for nearly 30% of the total number of mobile base stations. China’s 5G coverage and application are continuously upgrading, covering all prefecture-level cities and county towns, and the coverage breadth and depth continue to expand. At present, the application of 5G industry is integrated into 60 categories of national economy, with more than 50,000 application cases. Many enterprises such as government, machinery, medical care and transportation have joined the camp of 5G private network.

Generally speaking, the communication business industry is showing a trend of rapid development worldwide, especially under the impetus of 5G technology, the industry is welcoming new development opportunities. China, as a global leader in the development of 5G, will see a broader development prospect for China’s new digital economy infrastructure under the dual promotion of policies and demands. At the same time, it will also bring more market opportunities and development space for the communication equipment manufacturing industry.

2. Automobile related industries

In 2023, the Ministry of Finance, State Taxation Administration of The People’s Republic of China and the Ministry of Industry and Information Technology issued the Announcement on Continuing and Optimizing the Vehicle Purchase Tax Reduction and Exemption Policy for New Energy Vehicles. Seven departments including the Ministry of Industry and Information Technology jointly issued the Work Plan for Steady Growth of the Automobile Industry (2023-2024), and the National Development and Reform Commission and other departments jointly issued the Measures for Promoting Automobile Consumption. The release of relevant policies further stabilized and expanded automobile consumption. According to the data of China Automobile Association, in 2023, the production and sales of new energy in China were 9.587 million and 9.495 million respectively, up by 35.8% and 37.9% respectively, and the market share reached 31.6%, up by 5.9% over the same period of last year. The China Automobile Association predicts that the sales volume of new energy vehicles in China market is expected to reach 11.5 million in 2024, up by 20% year-on-year.

According to the latest report of Canalys, a market analysis organization, the global sales of new energy vehicles are expected to increase by 29% to 13.7 million vehicles in 2023, with a penetration rate of 17%. It is estimated that the global market of new energy vehicles will increase by 27% to 17.5 million vehicles in 2024. China will remain the largest new energy vehicle market, with local sales expected to reach 7.6 million vehicles, accounting for 55.5% of the global new energy vehicle market.

The continuous increase in the production and sales of new energy vehicles has effectively boosted the demand for power batteries. According to the data of SNEResearch, a Korean market research organization, the total number of power batteries in the world in 2023 is about 705.5GWh, up 38.6% year-on-year. As an important part of power battery, the market scale of power battery structural parts is expanding year by year. According to the data of EV TanK, a new energy market research institution, it is estimated that the global market scale of power battery structural parts will reach 76.813 billion yuan in 2025.

3, photovoltaic energy storage related industries

Many countries in the world have taken the development and utilization of solar energy as the main task of medium and long-term energy development strategy and planning. In 2022, the European Union promulgated phased rooftop photovoltaic legislation, requiring all new public buildings and commercial buildings with a roof area of more than 250 square meters to be installed with rooftop photovoltaic by 2026, all eligible existing buildings to be installed by 2027, and all new residential buildings after 2029 to be installed with rooftop photovoltaic. The European Commission has released the plan of RE Power EU. The specific EU solar energy strategy in the plan mentions that the total installed capacity of photovoltaic in the EU is planned to reach 320GW in 2025 and 600GW in 2030. According to the report of Jost Sullivan, an international business consulting company, driven by favorable policies and increasing demand for sustainable energy, the global photovoltaic inverter is expected to reach 579.3GW in 2026, with a compound annual growth rate of 22.6% from 2022 to 2026.

China is also accelerating the pace of solar energy development and utilization. The National Energy Administration issued the Action Plan for Upgrading Carbon Neutralization Standardization in Energy peak carbon dioxide emissions, which pointed out that by 2025, a relatively complete energy standard system will be initially established, which can strongly support and lead the green and low-carbon energy transformation, and the energy standard will be transformed from quantitative scale to quality and efficiency, effectively promoting the green and low-carbon energy transformation, energy saving and carbon reduction, technological innovation and carbon emission reduction in industrial chain. Six departments, including the Ministry of Industry and Information Technology, issued the Guiding Opinions on Promoting the Development of Energy Electronics Industry, proposing to encourage the development of advanced and applicable intelligent photovoltaic modules, and to develop key components such as intelligent inverters, controllers, junction boxes and tracking systems.

Photovoltaic micro inverter is a plug-and-play device for photovoltaic power generation, which can convert the DC generated by a single solar module into AC. Driven by the continuous growth of national policies and electricity demand, photovoltaic micro-inverter, as an inverter product with high conversion efficiency, strong safety, long maintenance period and high intelligence in daily use, has high technical barriers and high industry concentration. The main markets are distributed in North America and some European countries, and residential electricity and commercial electricity are the two main application scenarios of micro-inverter. According to the report of Mordor Intelligence, a market research organization, the market size of micro inverters is expected to be 3.15 billion dollars in 2024 and 7.74 billion dollars in 2029, with a compound annual growth rate of 19.70% during the forecast period (2024-2029).

Iii. Main businesses of the Company during the reporting period

(I) Some advanced core manufacturing processes of the company

1. Intelligent AOI detection system and automatic product detection feedback adjustment system.

On the basis of AI deep learning, the company’s intelligent AOI inspection system introduces contour line method for part edge inspection, and reduces the Escape/Overkill ratio through self-owned product data set training, achieving 0% missing judgment of target functional defects and realizing No Touch technology. At the same time, the company has designed and developed a unique detection light source illumination system. For different products, customized detection light sources and illumination schemes are designed and verified with different lighting methods such as filters/dark field microscopes/angles/colors, which can meet the detection requirements of products with complex shapes, different materials and reflective conditions. In 2023, 100% of the special NUD products will be imported into the special AOI first-line process, and about 1,256 people/month will be saved in the peak period, and 80% of the small parts will be imported into the general AOI three-in-one first-line process, and about 956 people/month will be saved in the peak period.

Automatic CCD and AOI product inspection feedback adjustment system realizes real-time feedback adjustment in production, establishes a real-time feedback adjustment mechanism based on PID algorithm, and adjusts the stamping system in the production process according to the inspection results of CCD and AOI, thus realizing real-time control of production errors. The company’s automatic adjustment system is mature in technology and has independent hardware and software patents. At present, it has been widely used in the production of key functional parts and products with complex structure and strict size requirements, ensuring high-precision production and saving a lot of manpower for follow-up inspection.

2. High-speed precision stamping technology

High-speed precision stamping technology is a stamping production process with both stamping speed, high precision and extremely high efficiency. High-speed precision stamping is a combination of equipment, mold processing, mold design, intelligent control and other technologies, which can effectively reduce the amount of mold development, is suitable for mass production of precision parts, and can fully reflect the technical level and software and hardware strength of a modern manufacturing enterprise. The company has fully applied high-speed precision stamping technology in 3C electronics, connectors, automotive electronic components and other aspects, with one person and multiple machines to reduce costs, improve efficiency and ensure high quality and dimensional stability of products.

3, stamping a stream

Stamping a piece of flow is an efficient production mode with high automation and centralized production site, which is widely used in the field of small stamping continuous die parts and products that need to be welded or assembled. It mainly combines the processes of strip stamping, cleaning, welding, inspection and blanking, and the AOI and pendulum packaging processes are completed in the same area, and the number of connecting stations can be increased or decreased according to the product process. The stamping process has a high degree of automation, few operators and good product consistency. In the process flow, AOI inspection and packaging are carried out online, and there is no warehousing and logistics process, which effectively controls the output quality and feeds back the quality status in time. Flexible increase and decrease of work stations can effectively reduce product costs.

4. Workshop unmanned technology

In 2023, the company adopted various advanced core manufacturing processes, scientifically applied lean production improvement methods and management tools, and carried out a series of improvement and upgrading work in combination with the actual situation, and achieved phased results. The direct labor cost was about 3.277 billion yuan, a year-on-year decrease of about 6.76%.

5. Other core technologies

(II) Development of each business segment

1. AI terminal equipment and communication

AI terminal equipment and communication industry refers to the research and development, production, sales and related services of AI terminal equipment and communication equipment, which can be divided into AI terminal equipment plate and communication plate according to the application of terminal products. The AI terminal equipment section covers all kinds of artificial intelligence (AI) terminal electronic products, including consumer electronic products such as smart phones, notebook computers, tablet computers and smart wearable devices, enterprise-level commercial electronic devices such as data center equipment, large servers, industrial computers and power supply equipment, and innovative electronic products such as augmented reality (XR). The communication section mainly involves wireless communication equipment, including base station equipment and signal processing components.

As the world’s leading core supplier in the field of AI terminal hardware, the company provides one-stop intelligent manufacturing services and solutions for the industrial chain of precision functional parts, structural parts and modules required by AI terminal equipment on a global scale. The company has the technology of die-cutting, stamping, CNC and injection molding, and the downstream applications of electronic related products cover AI terminal equipment such as smart phones, laptops, wearable devices and XR.

The company actively builds the AI terminal hardware manufacturing platform, accelerates the exploration in the field of artificial intelligence hardware, continuously pays attention to the innovation and upgrade of frontier technologies related to robots, and explores the specific application and collaboration in its own business field around hardware products including XR, robots and other AI terminals. At the same time, the company also applies the research and development of artificial intelligence and robots to the overall industrial solution of automated production, and is committed to building an intelligent production workshop with international advanced technology and equipment level and domestic leading level, combining with various and multifunctional numerical control and automation equipment independently developed, and creating an efficient modern smart factory.

1.1 AI terminal equipment related products

In terms of smart phones, the company conforms to the main development trend of lightweight and performance optimization of high-end folding screen mobile phones, and actively tries to design, develop and produce folding screen structural parts with new material carbon fiber, optimize the hinge and screen structure, prolong the service life, and reduce the influence of creases and the overall body weight.

In terms of heat dissipation management system, the company has already possessed the R&D, production capacity and systematic heat dissipation solutions of heat pipes, vapor chamber and other heat dissipation components, air cooling modules, water cooling modules, graphite sheets, heat conducting gaskets and thermal grease-related products, which are applied to various terminal electronic products such as smart phones, smart wear, XR, photovoltaic inverters, energy storage systems and AI-related application servers. Ultra-thin VC vapor chamber’s industrialization supporting layout and downstream customer expansion are relatively smooth. At present, it has passed the product and customer certification and established a good cooperative relationship with well-known customers in the global consumer electronics field.

In terms of smart wear, the company provides core components such as soft functional parts, injection molded parts, heat dissipation solutions and chargers for head customers in the global XR field.

The main products and services related to AI terminal equipment of the company are as follows:

(1) Precision functional parts and structural parts

For all kinds of metals (such as stainless steel, aluminum alloy and titanium alloy) and non-metallic materials (such as carbon fiber, rubber, foam and wire mesh), the company adopts targeted technology and surface treatment method, and combines proprietary automation and visual inspection technology to make various types of precision functional parts that meet the strict requirements of customers in terms of size, appearance and performance.

Structural parts refer to components that transmit motion or provide support in equipment, in which precision structural parts are metal, plastic or other non-metallic structural parts that meet the requirements of high dimensional accuracy, high surface quality and high performance. The production of structural parts covers the whole process from research and development, mold manufacturing, injection molding, spraying, CNC machining to assembly. Production equipment are interconnected, which has the characteristics of intelligent key manufacturing process and automation of the whole manufacturing process.

(2) Module

Modules generally refer to special functional parts, which are composed of more than one part (such as precision functional parts and structural parts), processed and combined by various processes, with comprehensive functions and can be embedded in various end products. With the advantages of long-term accumulated technology and experience in precision functional parts and structural parts business, the company’s module business has developed rapidly and gradually improved its vertical integration ability. The company has several product lines, such as heat dissipation module, backlight module, RF module, motor module, rotating shaft module, acoustic module, keyboard module, touchpad module and wireless charging module, which are widely used in various products.

(3) product scheme and ODM products

In terms of AI terminal equipment, the company provides ODM services and product solutions to important customers based on strong comprehensive research and development capabilities and rich experience accumulated in lean manufacturing.

(4) Materials

1.2 Communication business

In terms of communication business, the company relies on the strong R&D capability of the communication R&D center and the advantages of long-term accumulated technology and experience in the business of precision functional parts and structural parts to continue research and development in the new communication field and provide core components of communication equipment to important customers.

Milestone of communication business development

The company’s products have covered 5G base station devices, components and subsystems, such as base station filters, diplexers, trunk network backhaul diplexers, adjustable diplexers, polarization orthogonal converters (OMT), and outdoor split-add missiles (OCU).

2. Cars

At present, the company has laid out battery structural parts such as aluminum shell, cover plate and adapter plate of power battery cells, and other automobile-related precision structural parts such as flexible soft connections and injection molded parts, which have competitive advantages in precision manufacturing, R&D and design capabilities. In the material cost composition of power lithium batteries, generally speaking, precision structural parts account for 10%-16% of the material cost. The structural components of lithium battery include battery cell top cover, steel/aluminum shell, positive and negative flexible connections, battery flexible connection row, etc. They play the roles of energy transmission, electrolyte bearing, safety protection, battery fixing and appearance decoration, and have specific functions such as connectivity, shock resistance, heat dissipation, corrosion resistance, interference resistance and antistatic property according to different application environments.

With its leading precision manufacturing, R&D design and business development capabilities, the company has risen rapidly in the field of power battery structural parts segmentation, and has become an important supplier of new energy customers in North America with high-standard products. In August 2023, the company’s subsidiary signed a Nomination Agreement with a power battery subsidiary of a German vehicle manufacturer to supply power battery cover plates, die-cutting parts and related injection molding and stamping parts. The smooth implementation of the agreement is expected to increase the company’s revenue from 2025 to 2029 by about RMB 2.2 billion. The company is actively expanding other related automotive product lines, such as automotive cooling modules, charging products and on-board charger.

The main products and services of the company’s automobile business are as follows:

(1) Precision functional parts and structural parts

3. Photovoltaic energy storage

The main products of the photovoltaic energy storage plate of the company are micro inverters, which are used to convert the DC power supply of solar modules into AC power supply. The company has established in-depth cooperation with international leading customers in the field of photovoltaic energy storage in cooperative development and production, providing them with OEM services for products such as micro photovoltaic inverters, and maintaining the leading global market coverage of its related terminal products. The company’s photovoltaic energy storage business has strong synergy with the original business, and has rapidly increased its market share by virtue of its deep accumulation in the areas of lean intelligence, automation, intelligence, large-scale supply and supporting capabilities in the field of consumer electronics.

Milestone of photovoltaic business development

In terms of products, the company mainly cooperates with international leading customers in the field of photovoltaic energy storage by ODM to develop new micro photovoltaic inverters and provide OEM services for them. At the same time, the company has the overall production capacity of new energy storage products such as outdoor energy storage power supply.

(3) Industry status

The company is one of the few one-stop intelligent manufacturers in the precision manufacturing industry, which covers upstream raw materials, midstream precision functional parts and structural parts, modules and chargers. Its products are used in many downstream markets such as AI terminals and communication products, new energy vehicles and photovoltaic energy storage. At present, the company has reached the world advanced level in production technology, product quality and comprehensive operation efficiency, and is developing in the direction of ultra-high precision, high performance and high added value.

Fourth, the company’s operating system

Focusing on organizational innovation and upgrading, the "four circles" principle is coordinated: in the current fierce market competition environment, reducing operating costs and improving the overall innovation ability of enterprises have become the key competitiveness to achieve sustainable development. The company adheres to the working principle of "the cost wants to come down, and the ability needs to go up", focusing on the "four circles" principle composed of business (BD), research and development (R&D), operation and function, and the four circles cooperate to support the steady development of the company.

First of all, business follows the purpose of "customer first" and carefully selects the track and customers in the market according to the company’s strategy, which is the core circle;

Secondly, R&D focuses on customer needs and industry trends, and carries out research and development of leading technologies, which is an innovation circle;

Then, the operation department needs to carry out all-round implementation around the needs of business and R&D, realize the optimization of yield, efficiency and cost, and improve operational efficiency, which is the implementation circle;

Finally, functional departments provide services according to the needs of all circles, and provide strategic guidance and operating mechanisms of various support systems, which is the support circle.

(A) the production system

The company has always been adhering to the craftsman spirit, attaches great importance to the refined production and quality control of products, strictly controls all links in the production process, and sets industry standards in quality, technology and other aspects. At the same time, the company has continuously invested in R&D resources, adopted advanced production equipment and technical means, and improved its innovation ability in precision mold design, material application and production technology. Most of the company’s main customers are internationally renowned consumer electronics brand manufacturers and their designated upstream suppliers, and their procurement needs are mostly customized precision functional parts, and the procurement volume is often large, which requires high quality requirements for purchased products and production delivery capacity of manufacturers. Therefore, the ability of quality management and on-time delivery in the product manufacturing process is very important. The company mainly adopts the "make-to-order" production mode to meet customer demand. Customers provide corresponding purchasing plans to the company in advance according to their own purchasing needs, and the company arranges corresponding reasonable production plans in combination with the company’s production capacity after learning different customer demand plans and comprehensive consideration. In the whole manufacturing process, the company collects data through the centralized monitoring system of various equipment, ordered materials and EHS for multi-dimensional analysis and optimizes the resource allocation structure. By using Manufacturing Execution System (MES) and Warehouse Management System (WMS), multi-system interaction, standardized factory management and real-time resource coordination can be realized to improve efficiency and reduce costs.

(2) R&D system

The company’s specific R&D direction mainly includes industrial design and performance development of products, design, manufacturing and production technology of precision modules, and automation and intelligent production. The company has a systematic three-level R&D platform, namely Industrial Research Institute, Institute of Technology and BG/BU R&D Center.

The Industrial Research Institute focuses on the development trend of the industry in the next decade, and assists BG/BU R&D Center to conduct relevant research and technical reserves for future products and cutting-edge technologies. The company has established a global R&D system, made full use of its own technological advantages, actively cooperated with customers’ pre-design R&D work and provided solutions. According to the functional requirements of customers’ new products, the R&D department will start the R&D program first, and the customers will confirm the sample after the trial production is successful, and then make SOP (standard operating procedure), SIP (standard inspection procedure) and other programs for mass production.

Through systematic practical teaching and lean guidance, the Institute of Technology trains employees with the latest production technology and lean concept. The Institute of Technology has IE Automation College and Quality College. IE Automation College leads the lean production of the Group, and organizes IE engineers of BG/BU to carry out lean activities and achieve lean targets. IE Institute of Automation also has the four modernizations Dojo (lean, automatic, intelligent and digital) for students to practice, and an intelligent workshop for students to practice. Lean teaching is carried out every week, and targeted training teaching is carried out according to different needs. Every year, more than 800 lean teachers are trained/maintained, more than 100 training sessions are held, and more than 2,000 trainees are trained. With the development of lean technology, the company turned from traditional lean to digital and intelligent production, and the park began to implement low-carbon and intelligent; The distributed fields also spread from production to surrounding units, allowing lean thinking to move forward to design and research and development, and expanding lean concepts to all employees.

(3) Procurement system

The company purchases raw materials, machinery and equipment, molds, jigs and other production accessories related to production by itself. Some suppliers are designated by the end customers or selected within their suggested scope, and the rest are selected by the relevant procurement departments of the company. The purchasing department is responsible for the certification and evaluation of suppliers and their materials, the determination of material prices and the arrangement of supply time. The general process for a company to select suppliers is as follows:

According to the sales forecast and production plan provided by customers, the PMC department usually decomposes raw materials according to the inventory situation, generates a material demand plan and pushes it down to the purchasing department for purchasing. After the purchase order is issued, the purchasing department dynamically tracks the execution status of the order through the ERP system, and adjusts the purchase order accordingly if the production plan changes. Upon the arrival of the materials, the quality inspectors conduct random inspection on the materials to decide whether to accept them, and input the sampling results into the company’s supplier evaluation system. The products that pass the inspection are handed over to the warehouse department and then enter the warehouse for later use.

Based on the concept of sustainable development, the company has established internal management systems such as Supplier Management Procedure, Procurement Control Procedure and Green Product Management Procedure to standardize supply chain management, continuously optimize supplier management methods, require suppliers to fulfill corporate social responsibility and environmental protection responsibility, and formulate Control Standards for Hazardous Substances in Green Products to provide products, raw materials, components, semi-finished products, finished products and packaging materials for the company and suppliers.

(4) Sales system

The company’s sales system consists of domestic business marketing system and international business marketing system. The company sells products directly to customers, taking customers as the center, and the business center (including business, product management and customer service departments) is responsible for developing new customers and obtaining product orders. The company set up a special project team for key projects to track customers’ needs in real time and communicate with customers in research and development, procurement and production. When the customer puts forward the purchase demand, the project team timely organizes R&D, production, procurement and other departments to evaluate the overall feasibility of the technology and project and prepare the quotation. After the customer accepts the quotation and the sample is verified to be qualified, the company will determine the order quantity according to the company’s production capacity, price, quality, delivery date and other factors.

At that time, the company equipped the customer focus team (CFT) system for each end customer brand. Each CFT is composed of key members of product management, engineering, quality and operation teams, and provides one-stop service for suppliers corresponding to designated end customer brands.

(5) Quality management system

The company constantly improves product quality, promotes technological innovation and new product development through independent business lines and strict quality management system, and provides customers with reliable products and services. The company set up a quality department to be responsible for quality management, and quality departments at all levels formulate relevant systems and strengthen quality management according to business characteristics. The company’s quality management policy is "customer satisfaction as the center and quality first as the center of gravity;" Take technological innovation as the core and continuous improvement as the perseverance. " The company constantly improves and improves various quality management systems such as ISO 9001/ISO 14000/ISO 45001/QC 080000. The company will regularly invite qualified internationally renowned institutions to conduct external audits, and at the same time continuously optimize management and improve management level according to the Quality, HSPM Manual and EHS Management Manual formulated by the above management system. The Company has formulated the Continuous Improvement Procedure, which accurately identifies the improvement needs and opportunities of the quality management system by means of internal and external audit, data analysis, correction and prevention, and management review, so as to ensure that the system is sustainable, appropriate, sufficient and effective.

V. Analysis of core competitiveness

(a) the world’s leading one-stop AI terminal functional parts manufacturing platform, leading the consumer electronics industry.

The company adheres to the vision of "continuously pursuing Excellence with modern management concepts, and becoming the world’s leading precision intelligent manufacturing enterprise", takes "leading the world with intelligence, and striving to realize dreams" as its mission, and upholds the core values of "honesty and pragmatism, customer first, respect for oneself and others, responsibility, long-term, value symbiosis" and the enterprise spirit of "self-improvement, mission must be achieved". As the world’s leading intelligent manufacturing platform, the company provides customers with one-stop AI terminal hardware intelligent manufacturing services and solutions on a global scale, covering the industrial chain of precision functional parts, structural parts, modules and chargers, and its products and services cover a wide range of downstream fields such as AI terminals and communications, new energy vehicles and photovoltaic energy storage, especially in the field of consumer electronics.

The company’s market share and shipments of precision functional parts related products have been leading the global industry for many years, setting industry standards in quality, technology and other aspects, and further infiltrating into emerging markets such as new energy vehicles, photovoltaics and energy storage. At the same time, it actively explores the development potential of artificial intelligence hardware, enhances the business stability and depth with core customers, and activates new kinetic energy for high-quality development.

(2) Continue to forge new quality productivity and fully empower product innovation and technological development.

With forward-looking strategic vision and firm execution, the company actively grasps the development context of the times, takes technological innovation as the guide, green intellectual creation as the long-term goal and talent training as the backing, and forges new quality productivity with practical actions. The company comprehensively promotes "one core, four modernizations", takes technology as the core competitiveness, takes "lean, automation, information and intelligence" as the manufacturing concept, applies the research and development of artificial intelligence and robots to the overall industrial solution of automatic production, and combines various and multifunctional numerical control and automation equipment independently developed, and is committed to building an intelligent production workshop with internationally advanced technology and equipment and leading domestic level, and making an efficient modern smart factory with modern management concepts. By investing in self-developed automation equipment, the company has comprehensively improved the degree of automation in manufacturing, handling, testing, packaging and other aspects, effectively saving production costs and enhancing the flexibility, accuracy and expansibility of business.

The company’s strong R&D system is a solid foundation for forging new quality productivity. Systematic system construction, rich talent pool and patent accumulation together constitute the strong support of Lingyizhi in forging new quality productivity. The company has a systematic three-level R&D system platform, namely Industrial Research Institute, Institute of Technology and BG/BU R&D Center. Among them, ITRI focuses on the future development trend of the industry. Through systematic practical teaching and lean guidance, the Institute of Technology trains employees with the latest production technology and lean concept, leading the lean production of the Group. BG/BU R&D centers focus on the most advanced products and processes in the industry. The systematic platform consists of six sub-platforms, namely, the research and development center of heat dissipation module, mechanical engineering, advanced materials, ODM, electromagnetism and modeling and simulation.

The four modernizations production capacity is a powerful driving force for forging new quality productivity. IE Automation College under the Institute of Technology has built four modernizations Dojo (Lean, Automation, Intelligentization and Digitalization) and intelligent workshop for students to practice. The Institute of Technology trains/maintains more than 800 lean teachers every year, with more than 100 training sessions and more than 2,000 trainees. By the end of the reporting period, the company had obtained 2,094 patents, including 240 invention patents, 1,796 utility model patents, 58 appearance patents and 5,902 R&D personnel.

(C) adhere to the customer-centric service concept, and actively explore new areas of head customers.

No matter in the fields of AI terminals and communication, new energy vehicles or photovoltaic energy storage, most terminal product manufacturers in the world have strict standards for supplier certification, and only cooperate with suppliers who have been certified by them or have been certified by relevant authorities. The certification content is comprehensive and complex, covering production capacity, product quality, factory environment and human resources. The above certification process helps the company to continuously review and improve its own capabilities, gain new customers with good product quality, and comprehensively promote business development.

The company has always implemented the service concept of "customer-centered" and established long-term and stable strategic cooperative relations with world-renowned terminal electronic brands. Through in-depth discussion, long-term market research and testing with customers in technology, equipment and product design concepts, the company has been involved in the early product research and development stage of many well-known customers around the world, conducting research on manufacturing technology, production site, technology research and development, project management, etc., and relying on high-quality customer service, it has obtained continuous and stable orders from customers and established a win-win cooperative relationship.

(D) Learning organization and engineer culture cultivated by iteration, innovation and change.

The company adheres to the core values of "honesty and pragmatism, customer first, respect for oneself and others, responsibility, long-term, and value symbiosis", and adheres to the spirit of "self-improvement, mission must be achieved" to provide continuous source power for the company to realize its mission and vision.

The cooperative relationship between the company and customers can not be separated from the high agreement between the two sides in values, culture and social responsibility. As a learning organization, the company relies on its strong learning and self-iterative ability to constantly optimize itself, adjust its product and service portfolio, constantly review its past experience and predict future market environment and customer demand changes.

Talent is an indispensable and important force for the development of enterprises and the creation of new quality productivity, and the core of the company is engineer culture. In recent years, the company has opened up the rank system and promotion channels for technical personnel, and has vigorously tilted the reward, training and welfare resources to technical personnel, so that key talents can play a key role in key technical positions. The company regularly organizes the inventory of key positions for technical sequence, and draws a hierarchical learning map for key positions. Through the establishment of talent training standards, the post ability, career path and learning activities are organically combined to provide clear guidance for the growth of employees. At the same time, the company has carried out a number of technical improvement and talent training projects in the technical fields of R&D, engineering, lean and quality, and has also specially opened a rapid promotion channel for young talents to accelerate the growth of outstanding young talents.

(E) Remarkable achievements have been made in ESG construction, leading green and intelligent creation.

The company adheres to the ESG concept, vigorously develops green intelligence, and integrates sustainable development into its core strategic objectives. According to the latest rating released by morgan stanley capital international Company, an international authoritative index organization, the company’s ESG rating in 2023 is A, which reflects the international community’s high recognition of the company’s efforts in sustainable development. "Green development is the background of high-quality development, and new quality productivity itself is green productivity". In terms of business, the company actively deployed and expanded green energy sectors such as new energy vehicles and photovoltaic energy storage, implemented the national "carbon neutral" strategy, and helped the national goal of "peak carbon dioxide emissions and carbon neutral". In terms of production, the company actively uses advanced technology to further promote green operation, earnestly implements its environmental protection responsibilities, continuously invests in accelerating the transformation to clean energy, promotes the establishment of energy targets by subsidiaries, carries out green factory construction and energy-saving equipment transformation, and implements environmental protection projects such as Zero Landfill (ZWP) and Clean Water Project (CWP) to promote the recycling of recyclable materials in the upstream and downstream of the supply chain. The company is comprehensively promoting process optimization, emphasizing low-carbon operation, advocating paperless office, constantly improving the efficiency of comprehensive utilization of resources, and earnestly promoting the harmonious and sustainable development of enterprises and the environment. The company closely follows the new development concept of the country, actively promotes green development in the upstream, downstream and industrial chain of the industry, actively responds to the environmental protection requirements of end customers, and actively participates in environmental protection information disclosure while providing high-standard products; Strive to build a green supply chain, and take corporate social responsibility and environmental responsibility as important assessment indicators for suppliers.

Six, the main business analysis

1. Overview

In 2023, the company achieved an operating income of 34.124 billion yuan, a net profit attributable to shareholders of listed companies of 2.051 billion yuan, a year-on-year increase of 28.50%, and a net operating cash inflow of 5.295 billion yuan. It continued to maintain steady operation and its lean operation efficiency reached the leading level in the industry.

(1) In terms of 1)AI terminal and communication services, the company has shown a significant competitive advantage in the fierce competition in the stock era. In 2023, the company’s AI terminal and communication business maintained steady development, with revenue of 30.687 billion yuan and gross profit margin of 21.62%. Among them, the income of components such as power supply, battery, heat dissipation, display, camera and middle frame accounts for a relatively high proportion, while the income of components related to terminals such as XR, folding screen mobile phones, servers and robots grows rapidly.

(2) In terms of automobile business, with the continuous growth of the global new energy automobile market and the continuous improvement of market share, the company’s related business income has increased significantly. In 2023, the company’s automobile business achieved revenue of 1.697 billion, a year-on-year increase of 43.61%.

(3) In terms of photovoltaic energy storage business, the company has made outstanding achievements in the rapid layout of products such as micro-inverters. In 2023, the company’s photovoltaic energy storage business revenue reached 1.555 billion yuan, a year-on-year increase of 29.89%.

Progress of main products in 2023

IV. Prospects for the future development of the company

(A) the company’s development strategy

In 2024, the company will firmly promote various reform measures and strategic layout with stronger strategic determination and a more open and enterprising attitude; Layout new track, join hands with many partners in the industrial chain to promote the rapid development of new business and create a second growth curve; Focus on consolidating the leading edge in the field of precision manufacturing of AI terminal hardware, explore the development potential in the field of AI terminal hardware, and enhance the business stability and depth with core customers. At the same time, according to the development stage, the company will firmly establish the awareness of returning shareholders, adhere to the investor-oriented, and continuously improve the level of shareholder return; Fulfill the responsibilities and obligations of listed companies, continue to practice the "double improvement of quality and return", focus on the main business, maintain sustainable and healthy development, and strive to effectively enhance investors’ sense of gain through standardized corporate governance and positive investor returns, and actively contribute to stabilizing the market and confidence.

Six strategies to stabilize the position of the industry, "one core and four modernizations" to forge new quality productivity

Facing the future, make a decision before moving. The company promotes "one core and four modernizations" in an all-round way, takes technology as the core competitiveness, takes "lean, automation, informationization and intelligence" as the manufacturing concept, takes green intelligence as the long-term goal and talent training as the solid backing, and forges high-tech, high-efficiency and high-quality new quality productivity with practical actions. In the next three years, the company will take "international, extreme, versatile, low-carbon, efficient and closed-loop" as the six main management lines to further stabilize its leading position in high-end precision manufacturing.

1. Extreme: technology organizes capital and pursues excellence in all directions.

The company will continue to improve its "technical strength, organizational strength and capital strength", and constantly pursue Excellence and Excellence in its core business areas, exceeding industry standards and customer expectations. In terms of technical strength, the company’s technical committee will regularly focus on materials, processes, manufacturing processes and other related fields, always pay attention to the future development trend of the industry and customer needs according to the future product and business planning of the industry and the company, focus on the application of cutting-edge technologies and product development in the industry, and constantly expand the application of traditional superior technologies and processes such as die cutting, stamping, CNC and injection molding in new business areas and regularly promote technologies internally. At the same time, the company strives to build end-to-end industrial capabilities, master key technical control points, and build a technical moat through independent research and development and continuous innovation. In terms of organizational strength, the company will continue to strengthen talent management, improve the human resource management mechanism, and build an industry-leading management and technical talent team with modern management knowledge, strong innovation ability and pioneering spirit. In terms of capital strength, the company will focus on hardware, ecology, management, etc., and formulate a market value management plan centered on investment mergers and acquisitions, repurchase and dividends to enhance the company’s investment value.

2. General talents: create a new talent system and accelerate the dreams of the beneficiaries.

The company will strengthen the global talent pool and talent localization, formulate and regularly review the achievements of strong technology and strong foundation plan, improve organizational efficiency with the help of HR digital intelligence system, and build an industry-leading management team. According to the strategic methodology, establish an appropriate performance appraisal and reward and punishment system for new business units, and accelerate the increase of the company’s overall new business income ratio. With the help of key campaigns and action plans, "horse racing" mechanism, inspection and evaluation of core managers, all-round investigation and inventory and competency evaluation, we will improve the performance appraisal and incentive mechanism of talent organizations, attract and retain outstanding talents, and provide human support for innovation and development.

3. Low carbon: realize the goal of carbon neutrality, and benefit from environmental protection.

Adhering to the mission of "leading the world with wisdom and striving to realize our dreams", the company adheres to the concept of green, low-carbon and sustainable development, cultivates green and low-carbon talents, incorporates the dual-carbon strategy into the talent training system, continuously increases the use of clean energy, accelerates the transformation of energy structure, and helps to achieve comprehensive "carbon neutrality" in 2030. The company will actively carry out advanced project management modes such as energy efficiency test, energy audit, energy-saving assessment of fixed assets, creation of water-saving units, creation of green parks, green building certification, energy management system, etc., further promote green operation, strengthen the control of carbon emissions in the whole life cycle of products, and leverage financing tools such as ESG, green bonds and carbon trading to incite green financing.

4. Efficiency: lean manufacturing is implemented, and quality and value ensure profitability.

As a global manufacturing enterprise, the company will give full play to the advantages of cost control and quick response, lay a solid foundation, strive for perfection with scientific spirit, constantly optimize various production management processes, and continue to pay attention to improving product yield, speeding up inventory turnover and improving operating performance. The company will quickly solve the problem of process instability caused by the introduction of new technologies or technologies by combining Six Sigma system with IE lean improvement, benchmarking workshop production line, smart warehousing, yield improvement action, intelligent platform and a series of technical and management improvements, so that lean, automation, intelligence and digitalization can penetrate into every link, meet customer needs from the dimensions of quality, cost and delivery cycle, and reduce excessive handling, excessive inventory, excessive actions, redundant waiting and redundant processing.

5. Closed loop: re-evaluation of business management and strong review of internal control process.

The company will strictly implement the closed-loop management thinking, and realize the closed-loop management of the whole process of planning, execution, inspection, adjustment and continuous improvement through data analysis and performance index evaluation, customer feedback and market research, internal audit and process review, team feedback and meeting discussion, so as to fully enhance the company’s ability to quickly adapt to changes in internal and external environment and actively respond to the challenges of survival and development.

6. International: Aim at the big international market and explore new business growth.

The company adheres to the international development strategy of multi-category and multi-regional coordinated development, aims at large customers at home and abroad, focuses on AI terminal strategic business, heat dissipation business, automobile business and power management business direction, clarifies the development goals of various business segments at home and abroad, and promotes the internationalization strategy to achieve global leap-forward development. With its advantages in lean manufacturing, automation and design and processing of mold materials, the company fully integrates internal resources and multi-cultures, keeps a close eye on the development trends of new terminals and new formats, consolidates the dominant position of "functional parts", enriches the layout of product matrix, and lays out the global diversified markets, thus providing impetus for the company’s long-term development and growth.

(II) Business objectives and working ideas in 2024

As the world’s leading intelligent manufacturing platform, the company is committed to providing customers with one-stop AI terminal hardware intelligent manufacturing services and solutions on a global scale, covering the industrial chain of precision functional parts, structural parts, modules and chargers. The products and services widely cover AI terminals and communication, new energy vehicles, photovoltaic energy storage and other downstream fields. In order to better promote the quality and investment value of listed companies and establish the investor-oriented concept, the company will continue to be guided by operating profits, prudently and objectively strengthen the management concept with financial indicators as the core, and rationally allocate resources.

1, adhere to focus on the main business, and comprehensively improve the efficiency of enterprises.

The company continues to focus on its main business. The market share and shipments of precision functional parts related products have been leading the global industry for many years, setting industry standards in quality, technology and other aspects, and further infiltrating into emerging markets such as new energy vehicles, photovoltaics and energy storage.

Through benchmarking workshop production line, intelligent storage, yield improvement action, intelligent platform and a series of technical and management improvements, the company has improved the operational efficiency of enterprises and comprehensively improved the efficiency of enterprises. As a global manufacturing enterprise, the company will give full play to the advantages of cost control and quick response, lay a solid foundation, strive for perfection with scientific spirit, constantly optimize various production management processes, and continue to pay attention to improving product yield, speeding up inventory turnover and improving operating performance.

By investing in self-developed automation equipment, the company has comprehensively improved the degree of automation in manufacturing, handling, testing, packaging and other aspects, effectively reduced production costs, enhanced the flexibility, accuracy and expandability of business, built an efficient modern smart factory, and continuously improved the manufacturing level and business efficiency of enterprises.

2, strengthen technological innovation, and comprehensively enhance the competitiveness of enterprises.

A strong R&D system is a solid foundation for forging new productivity. Systematic system construction, rich talent reserve and patent accumulation together constitute the strong support of Lingyizhi in forging new quality productivity. The company has built a systematic three-level R&D system consisting of industrial research institute, engineering institute and BG/BU R&D center. Focusing on related fields such as materials, processes and processes, according to the future product and business planning of the industry and the company, it always pays attention to the future development trend of the industry, focuses on the application of cutting-edge technology, product development and engineering realization, and continuously expands the application of traditional superior processes and processes such as die-cutting, stamping, CNC and injection molding in new business areas. At the same time, the company strives to build end-to-end industrial capabilities, master key technical control points, and build a technical moat through independent research and development and continuous innovation.

The company continued to strengthen R&D investment, strengthen the training of core R&D talents, always adhere to innovation-driven development, continue to increase innovative R&D and the application of new technologies, strengthen cooperation in Industry-University-Research, and establish cooperation with many universities and scientific research institutions at home and abroad, which greatly improved the ability and efficiency of technological innovation of enterprises.

Adhering to the core values of honesty and pragmatism, customer first, respect for oneself and others, responsibility, permanence and value symbiosis, the company adheres to the spirit of "self-improvement, mission must be achieved", and relies on strong learning and self-iteration ability to constantly optimize itself, blaze new trails, adjust the product and service portfolio, constantly examine past experience and predict future market environment and customer demand changes, and build an intelligent manufacturing enterprise with rich products and leading technology to comprehensively enhance the company’s market competitiveness.

3. Practice green development and build an intelligent manufacturing platform.

Adhering to the mission of "leading the world with wisdom and striving to realize dreams", the company adheres to the concept of green, low-carbon and sustainable development, integrates sustainable development into the core strategic objectives, and helps the country achieve the goal of "peak carbon dioxide emissions and carbon neutrality". The company actively uses advanced technology to further promote green operation, promote the establishment of energy targets by subsidiaries, carry out green factory construction and energy-saving equipment transformation, focus on the overall improvement of environmental protection, social responsibility and corporate governance, and always adhere to practical actions to promote the implementation of sustainable development strategy, and constantly deepen environmental protection measures such as green intelligence, energy saving and consumption reduction, and carbon emission reduction.

The company actively responded to the domestic and international policies to deal with climate change and the call of the national "carbon neutrality" goal, continuously increased the use of clean energy and accelerated the transformation of energy structure. According to the latest rating released by morgan stanley capital international Company, an international authoritative index organization, the company’s ESG rating in 2023 is "A", which reflects the international community’s high recognition of the company’s efforts in sustainable development. The company is equipped with a dedicated ESG team, focusing on the overall improvement of environmental protection, social responsibility and corporate governance. Since 2020, the company has disclosed social responsibility reports for three consecutive years, providing investors with information on corporate governance, sustainable supply chain, environmental management system construction, quality management and promoting green and low carbon, so as to enhance the transparency of information disclosure.

4. Standardize corporate governance and strengthen information disclosure.

The Company has continuously consolidated the foundation of corporate governance, established and improved corporate governance institutions such as shareholders’ meeting, board of directors and board of supervisors, and all organizations independently exercise their functions and powers in accordance with laws, regulations and the Articles of Association. The company attaches great importance to clean construction and honest management, and while pursuing economic value, it actively fulfills its social responsibilities to other stakeholders in the market and promotes common development.

The company will continue to improve the corporate governance structure, improve the internal control system, strengthen risk management, improve the decision-making level, realize a virtuous circle of the company’s development, and provide a strong guarantee for the legitimate rights and interests of the company’s shareholders. The management of the company will further improve the management level, and constantly improve the company’s core competitiveness, profitability and comprehensive risk management capabilities, with a view to achieving rapid development and giving back to investors.

The company strictly abides by the principle of "truthfulness, accuracy, completeness, timeliness and fairness", and further improves the information disclosure requirements of "investor demand-oriented" from two aspects of information disclosure, so as to help investors grasp the company’s operating status and main risks fairly and accurately and continuously improve the effectiveness and transparency of information disclosure.

5. Pay attention to shareholder returns and strengthen investor relations management.

(1) continuous cash dividends to return investors.

Adhering to the investor-oriented principle, the company attaches great importance to the reasonable return on investment for investors, and has clearly formulated the Return Plan for Shareholders in the Next Three Years (2023 -2025). The company strictly implements the shareholder return planning and profit distribution policy.

The company will continue to maintain a steady dividend policy, coordinate the dynamic balance between the sustainable development of enterprises and the return of shareholders, continue to share the growth and development achievements of enterprises, and enhance the sense of gain of investors.

(2) Carry out repurchase to boost market confidence.

In order to promote the company’s long-term sustainable development, enhance team cohesion and core competitiveness, and effectively combine the interests of shareholders, the company and employees, the company actively carries out share repurchase that can be used in the employee stock ownership plan, and safeguards the interests of investors with practical actions.

(3) Pay attention to investor relations management and strengthen communication through multiple channels.

The company attaches great importance to investor relations management, and actively strengthens communication with investors through various channels such as investor interaction platform, online performance briefing, investor telephone hotline, offline investor activities, etc., to convey the company’s management and matters that have a significant impact on the company and protect the interests of investors.

(III) Risks that the company may face

1. Risks of macro-environmental changes and industry fluctuations

At present, there are still uncertainties in the global macroeconomic situation, and the downstream industry market continues to fluctuate under the influence of many factors. Changes in the macro environment and fluctuations in the industry may lead to significant changes in the market demand of the company’s products, which will adversely affect the company’s operating performance. Changes in the global macroeconomic situation or national policy environment may lead to a slowdown in the growth of the national economy and consumer demand; The emergence of technological changes or subversive innovative products may also cause major changes in the downstream industry pattern; Consumers’ acceptance of new wearable devices and changes in other terminal consumption habits and preferences will also greatly affect the sales and prices of terminal products. In the face of possible macro-economic and industry fluctuation risks, the company will take innovation as the driving force, constantly enhance the core competitiveness of products, actively develop new categories and new businesses, and cultivate new profit growth points.

2. Risks of international management

With the expansion of the company’s business scale in recent years, the company needs to face the language environment, legal environment and business environment of different countries. In response to the differences brought about by different cultures, the company will take specific measures in operation management, technology research and development, market development, talent introduction, internal control, etc., strengthen group management and control, and strengthen tracking mechanisms at key management points such as finance and manpower to ensure the strategic consistency of the company and reduce the risk of international management of the company.

3, the risk of intensified competition in the industry

The AI terminal industry is one of the main downstream application markets of the company, and the market competition is becoming increasingly fierce. In the future, if the degree of competition is further enhanced, the pressure of product price decline will be greater, and the company’s subsequent development will face greater market competition risks. The company has always pursued Excellence, continuously improved processing technology, processing accuracy and assembly ability, and continued to extend its business with precision functional parts as its core to the upstream material field and the downstream module and charger field, and concentrated resources to continuously optimize the company’s product structure. The company always pays attention to the industry trends, actively arranges related businesses in high-growth industries such as new energy vehicles and photovoltaic energy storage, continuously vertically integrates the industrial chain, and further optimizes capital allocation and strategic layout.

4. Risks caused by the uncertainty of international trade policies.

In recent years, international trade friction has intensified, and the impact of policy uncertainty risk has increased, and the global market is inevitably affected by this systematic risk. As some terminal products using the company’s products will eventually be exported or sold to domestic and foreign brand customers, the above risks may affect the market demand or price of consumer electronic products, thus affecting the company’s product price and overall income, and may also lead to changes in the geographical distribution of suppliers in the consumer electronic industry chain. Terminal brand customers may increase their share of overseas purchases, which will have a certain impact on the company’s production and operation.

5. Risk of exchange rate fluctuation

At present, the company’s exchange rate risk mainly comes from the foreign currency exposure and exchange rate fluctuation caused by overseas sales, procurement and other business activities. The exchange rate may be affected by domestic and international political and economic environment and other factors, which in turn will have a certain impact on the company’s operating performance denominated in local currency. In order to reduce the uncertainty brought by exchange rate fluctuations to the company’s operating performance, the company will pay close attention to the changes of international foreign exchange market according to its own business development needs, and reduce the impact of exchange rate fluctuations on the company by conducting foreign exchange derivatives trading.

Most of the company’s raw material purchases and product exports are denominated in US dollars and euros, and the daily operating currencies of overseas subsidiaries are mainly euros and US dollars, so exchange rate fluctuations may adversely affect the company. In the future, there may be a risk that the company will suffer a large exchange loss due to large exchange rate fluctuations. Under the premise of ensuring security and liquidity, the company will hedge and reduce exchange rate risks through various means.

6. Goodwill and Asset Impairment Risk

Based on the needs of strategic development, the company obtains technology, resources and new markets through mergers and acquisitions, and the goodwill generated in the acquisition will also face the risk of impairment. At the same time, with the continuous expansion of the company’s business scale, the company’s fixed assets, inventory and accounts receivable have all increased. In the future, if the company’s industry changes significantly, the company will face the risk of goodwill and asset impairment, which will adversely affect the company’s financial situation and operating results. Through continuous technological innovation, the company will realize process improvement, further refine and improve the management system of subsidiaries, strengthen group financial management and control, enhance comprehensive coping ability, strengthen the management of subsidiaries, enhance the business performance of enterprises and reduce the risk of impairment of various assets of the company.

7. Risk of accounts receivable recovery

In the future, with the expansion of the company’s business scale, accounts receivable may increase. If the company can’t effectively strengthen the management of accounts receivable and improve the efficiency of capital turnover in the future, or the customer’s operating conditions change adversely due to macroeconomic reasons, the company will face the risk of bad debts due to the difficulty in recovering accounts receivable. The company will ensure a reasonable structure of accounts receivable, continuously strengthen the management of accounts receivable within the time limit, establish a tracking mechanism of accounts receivable, and improve the dynamic management ability and comprehensive management level of accounts receivable.

8. Risk of raw material price fluctuation

The raw materials purchased by the company mainly include stainless steel, copper, aluminum, copper foil and other metal materials, as well as various types of adhesive tapes, plastics, foam, packaging materials, protective films and electronic components. If the price of raw materials fluctuates greatly in the future due to the fluctuation of economic cycle, the imbalance between market supply and demand, the insufficient capacity of suppliers designated by customers, and the tense geopolitical situation, it will have a great impact on the company’s raw material procurement and thus have a certain adverse impact on the company’s profitability.

9. Brain drain risk

The long-term development of the company is inseparable from the help of technology and talents, and maintaining the stability of core personnel is the key to the company’s survival and development. With the intensification of competition, the competition for talents among companies will be more intense, and companies need to continuously build a high-quality professional talent team, especially the core technical talent reserve. If we can’t attract, train and retain sufficient management and technical talents in the future, the company will face the risk of brain drain, and its production and operation may be adversely affected. The company will constantly mobilize the enthusiasm of the management team and the core backbone, explore and establish a sound long-term incentive and restraint mechanism, train internally and introduce from outside, retain high-level technical and management talents, ensure the stability and work enthusiasm of the company’s core talent team, and provide continuous impetus for the company’s long-term development.

10, big customers rely on risk.

Most end product manufacturers in the world have a strict supplier certification system, with complex and comprehensive certification content, strict and time-consuming certification process, and regular inspection to ensure continuous compliance with standards. Some products of the company have the risk of high customer concentration. If the operating conditions of some major customers change significantly or the demand for products changes greatly, it may have an adverse impact on the company’s sales revenue. On the basis of deepening cooperation with existing customers, the company will always pay attention to macro policies and industry trends, actively deploy high-growth industries such as new energy vehicles and photovoltaic energy storage, continue to invest in technology and R&D, actively explore high-quality customers and continuously optimize customer structure.

11. Intellectual property risks

The company attaches great importance to technological innovation, and has formed a large number of core technologies with independent intellectual property rights through long-term R&D investment. With the promotion of the company’s globalization strategy, the company will face more severe intellectual property risks, including intellectual property disputes and patent infringement. The company’s legal affairs department is responsible for planning and managing the company’s innovation achievements and intellectual property rights, and constantly improving the layout of key technologies and product patents by establishing an intellectual property compliance risk control system to reduce the risk of malicious lawsuits against intellectual property rights; For key R&D personnel or key secret-related personnel, the risk of intellectual property disclosure can be avoided by signing confidentiality agreements or prohibiting horizontal competition and other labor contract clauses.

12, to raise funds to invest in the project implementation risk

At present, the company has the corresponding reserves of technology, talents, patents, materials and equipment, etc. The expected income of relevant fundraising projects is estimated based on the careful and reasonable selection of reference indicators and economic variables. However, with the continuous development of the company’s business, the requirements for technology update and product development are gradually improved, and accordingly the requirements for technology, talents, patents and materials and equipment needed for product production are also improved. If the upgrade of the company’s corresponding reserves can’t meet the production needs of the new products to be produced by the relevant fundraising projects, there are new product development risks such as R&D failure, blocked R&D process, new products can’t meet customer needs, and new products can’t be successfully mass-produced. In addition, due to the uncertainty of whether the construction progress and market development can be carried out smoothly in the process of project implementation, if there are major adverse changes in the construction progress, market development and downstream market environment, there may be risks that the relevant fundraising projects will be terminated in a short period of time, unable to be completed as scheduled or unable to achieve the expected benefits. It is possible for the company to make corresponding adjustments to the fundraising projects according to the market situation and its actual operation and development needs. The company will promptly follow up the construction plan of fund-raising investment projects, and continue to pay attention to the technology application, industrial policies, construction cycle, market environment changes and the company’s business development related to fund-raising, so as to reduce the risk of fund-raising projects.

13. Risks related to issuing convertible corporate bonds to unspecified objects.

The company’s issuance of convertible corporate bonds to unspecified objects has passed the examination of Shenzhen Stock Exchange and is in the registration stage of China Securities Regulatory Commission. There may be the following risks in this issue of convertible corporate bonds to unspecified objects:

(1) After the issuance of the convertible bonds, there may be the risk of dilution of earnings per share and return on net assets. If part or all of the convertible corporate bonds held by investors are converted into shares, the total share capital and net assets of the company will increase to a certain extent, and it will take a certain period of time for the fund-raising investment projects to produce benefits, which may lead to a certain decline in the company’s earnings per share and weighted average return on net assets in the short term. During the duration of the convertible bonds, the company needs to pay the interest and the principal on the unconverted part of the convertible bonds every year according to the terms of issuance of the convertible bonds, and accept the resale requirements that investors may put forward, which may have a great impact on the company’s cash flow and pose liquidity risks.

(2) In terms of fundraising projects, there are risks that the construction and implementation cannot be completed and put into production on schedule, that the new capacity of fundraising projects cannot be digested, that fundraising projects cannot be profitable in the short term, and that the new depreciation and amortization of fundraising projects will adversely affect the company’s future profitability and operating performance.

(3) The issuance plan can only be implemented after the China Securities Regulatory Commission has made a decision to approve the registration. There are uncertainties about whether the issuance plan can be endorsed by the relevant regulatory authorities and when it can be endorsed. These uncertainties will lead to the risk that the issuance will not be finally completed.

14. Strategic planning risks

Strategic planning risk is the risk caused by deviation from the main business, unclear and unfocused main business, inappropriate strategy or changes in external business environment. In view of the constantly changing macroeconomic environment, industry development situation, company operation and other factors, there may be risks that the company’s strategic planning cannot be fully realized, and there may also be the possibility of making corresponding adjustments to the planning according to the market situation and actual operation and development needs.

The Company will continue to pay close attention to the changes of the above-mentioned risk factors, comprehensively evaluate and actively respond to their impacts on the Company’s financial position and operating results, continuously optimize the allocation of resources, improve operational efficiency and ability to respond to emergencies, actively explore new fields and markets, and ensure effective management of daily business risks. Investors are advised to pay attention to investment risks.

1905 movie network news Produced by Fox in the 20th century, written and supervised by James Cameron in science fiction movie master, and directed by robert rodriguez, a genius director, the sci-fi action visual effects giant has recently exposed the "Angel Rising" version of the super-burning notice.

The new preview further reveals the puzzle of Alita’s life experience, and for the first time, it releases the highlight of the battle of the sky falling. The magnificent but destructive interstellar battlefield brings unparalleled audio-visual experience, and the battle scene is cool and explosive. The most anticipated "Mobile Ball Competition" is to completely ignite the blood. Alita, a girl with nuclear energy, fights against all kinds of mechanical remoulders, challenges the new order of the universe and sends the strongest challenge to fate.

"The Battle of the Sky Falling" is the first time that the interstellar battlefield exposes the girl with the strongest fighting power in the future world to fight for the new order of the universe.

The most eye-catching thing in the preview is undoubtedly the crisp and neat action scene. In various fighting scenes, the thin Alita can burst into the power to destroy everything, and her smooth figure and full fighting talent will play the aesthetics of violence to the extreme. In addition, some shots in the film perfectly echo the important scenes in comics, and it is the ingenious polishing of every detail that can highly restore the sci-fi world imagined by fans.

It is worth mentioning that this trailer first exposed the grand scene of the battle of the sky falling. In the magnificent but destructive interstellar battlefield, every time a gun goes off, it becomes a beautiful and bright meteor dotted with dreamy space. Alita, dressed in a white spacesuit, fought fiercely with the enemy, and groups of soldiers behind her were also fighting bloody battles. Whether Alita, who is burdened with identity puzzles, can retrieve this initial memory is also a big foreshadowing for the film.

The biggest attraction in the film is undoubtedly the intense scene of the mobile ball competition, which is also an important moment for Alita, the most powerful girl, to embark on her fighting career. At the moment of appearance, Alita surprised the audience. As the whistle sounded, the mobile ball contest instantly turned into a large-scale "winding field". Alita was chased and blocked by various types of mechanical reformers, only to see her deftly flip forward and backward, and her hand fell on the knife and killed the enemy one by one. It turned out that the only way to despise her was "destruction". Interestingly, at the end of the trailer, the "old father" Yide expressed his concern about "don’t kill anyone" to Xiong Haizi, and the camera cut back, which was the domineering appearance of Alita who threw away her weapon after killing everyone in the ball game.

The upgrade of robert rodriguez’s violent aesthetics, a genius director, perfectly blends the essence of Cameron and Quentin Talentino.

Alita: Fighting Angel is adapted from the cartoon gunnm by Japanese cartoonist KISHIRO YUKITO. In the coming 26 th century, a semi-mechanical girl’s mutilated body was recovered by a doctor, who named her Alita. Alita, who lost her memory, accidentally discovered that she had super fighting ability, and then grew up rapidly in successive battles, and started an epic adventure to explore the mystery of her life. The original work not only has ups and downs of the plot, intricate character relationships and wonderful fighting scenes, but also has a grand and rich world outlook. It is recognized as a classic of science fiction comics and has gained a large number of fans around the world.

James Cameron, a sci-fi movie master, won the right to adapt this work 20 years ago. Director robert rodriguez once revealed that Cameron not only wrote a 186-page script, but also carefully wrote more than 600 pages of notes, from the construction of world outlook to biographies of various characters, in every detail. "You can find all the information you need in his notes, and he generously squeezed out all the time and knowledge to help complete the film."

In the process of filming, Cameron often gives personal guidance on the set and gives his own unique views on film production. A series of films directed by robert rodriguez, a "genius director", show his strong control over art and aesthetics. In this film, he even blended the essence of his new partner "Ka Shen" and his old partner Quentin in his unique image style, and the combination of visual effects, action, art and violent aesthetics was so cool that it exploded.

The grand visual effect of Alita: Fighting Angel is escorted by Vita Studio, which has produced top blockbusters. On the basis of motion capture technology, Vita tests and controls the static and dynamic changes of characters and the response of skin texture to light, so that people can truly feel the beauty of all aspects of fighting angels. In order to present the best version, Alita’s face alone has undergone as many as 5,000 updates and reconstructions. The extremely advanced visual effects and colorful action scenes will bring the audience a shocking journey of the 2019 global science fiction blockbuster.

It is reported that the film will be released in North America on February 14, 2019.

　 　

　

　　Promoting the great rejuvenation of the Chinese nation requires collaborative innovation of theory and practice; Adhering to and developing Socialism with Chinese characteristics is a continuous process of constantly discovering and solving problems.

　　Facing the severe and complicated international situation and the arduous and arduous task of domestic reform, development and stability, General Secretary of the Supreme Leader made overall plans for the two overall situations, strategized and planned scientifically, and clearly put forward the requirements for correctly understanding and grasping five major theoretical and practical issues: how to steadily move towards common prosperity? How to make capital norms develop healthily and orderly? How to ensure the supply of primary products? How to focus on avoiding major risks? How to promote carbon neutrality in peak carbon dioxide emissions steadily and orderly? This is not only a major practical problem that must be faced and solved at present, but also a problem with forward-looking, strategic and long-term significance for the development of the cause of the party and the country.

　　The vitality of theory lies in continuous innovation. The systematic and incisive exposition made by the General Secretary of the Supreme Leader on five major theoretical and practical issues in the new stage of development has further enriched the connotation of the Supreme Leader’s economic thought, and highlighted its distinctive scientific, people-oriented, contemporary, practical and open nature. Only with the scientific guidance of the supreme leader’s economic thought and being good at discovering, rationally analyzing and pragmatically solving major theoretical and practical problems can we better understand the new era, create a new situation, promote better economic and social development and greater progress, and enrich human civilization practice and path choice.

　　Over the past six months or so, Economic Daily has formed a special research group of more than 30 people, interviewed relevant ministries, scholars, think tanks and enterprises in depth, and formed more than 90,000-word reports on five major topics, which have been published in one edition continuously, causing widespread concern and obtaining good response. The process of interview, research and writing is also the process of our in-depth study and understanding of the supreme leader’s economic thought, from which we have gained many profound insights.

　　Strategic coordinates and scientific guide of economic work in the new development stage

　　Since the 18th National Congress of the Communist Party of China, the cause of the Party and the country has made historic achievements and undergone historic changes. One of the most important experiences is to always focus on objective reality, adhere to problem orientation, effectively solve problems and constantly create a new situation in work.

　　Investigation and research is the heirloom of our party, the foundation of seeking things and the way to achieve things. The General Secretary of the Supreme Leader clearly put forward that "to study, think and determine the ideas and major measures for comprehensively deepening reform, comprehensive and in-depth investigation and study must be carried out", and he took the lead in setting an example. From Lianhua Mountain in Shenzhen to Xiaogang Village in Fengyang, Anhui Province, from Shanghai Pilot Free Trade Zone to Hong Kong and Macao Special Administrative Regions, from the depths of Taihang to Zhongguancun to learn about cutting-edge technology, from Erhai Lake in Yunnan to urge the maintenance of green mountains and green mountains to the old industrial base in Northeast China to inspect the reform of state-owned enterprises … … This is a process in which General Secretary of the Supreme Leader listens to people’s voices, observes people’s feelings and asks public opinions. It is also a process in which he discovers a series of major theoretical and practical problems and makes a series of strategic decisions.

　　Put the quasi-social pulse in the problem and understand the development law in solving the problem. Step-by-step measurement of feet promotes step-by-step innovation in theory and practice; The deepening of thinking has formed the promotion of new ideas, new concepts and new strategies, and crystallized into the economic thought of the supreme leader. Under the guidance of scientific theory, China’s economic construction has made great achievements. The gross domestic product has exceeded 100 billion yuan, and the per capita GDP has exceeded 10,000 US dollars. The country’s economic strength, scientific and technological strength and comprehensive national strength have leapt to a new level.

　　This is a decade of struggle, an extraordinary decade. Today, while we are feeling the magnificent epic and brilliant miracle on the land of China, we should also feel the power of seeking truth from facts and the power of scientific theory in the view of history and reality.

　　Entering a new stage of development, facing the impact of the epidemic in the century and the accelerated evolution of the situation in the past 100 years, the external environment has become more complicated, severe and uncertain, and the world has entered a new period of turmoil and change. The problem of insufficient development imbalance in China is prominent, the task of reforming key links in key areas is arduous, and the problems to be solved are more and more diverse and complex. Opportunities and challenges, reform and opening up, efficiency and fairness, development and security … … Various tasks and problems are intertwined, among which opportunities are more strategic and plastic, and challenges are more complex and overall.

　　Worry about things first, then be happy, be proud of things first, then worry. Standing at the height of the times and from the overall perspective, starting from reality, scientifically judging, comprehensively understanding and effectively solving new problems in the new stage are the key to coping with environmental changes in the new stage of development, enhancing the driving force for high-quality development and firmly grasping the initiative of development.

　　At the Central Economic Work Conference held at the end of 2021, General Secretary of the Supreme Leader summarized and put forward five major theoretical and practical issues. These problems are important because achieving common prosperity is the most anticipated goal of the people’s good life; Standardizing and guiding capital is the most difficult exploration to improve the socialist market economic system; The guarantee of primary products is the most solid foundation to consolidate the national economy; Preventing and resolving risks is the most urgent task of coordinating development and security; Steady realization of "double carbon" is the most critical link to promote high-quality development. The five major issues seem to be separated from different fields, but in fact they are organically unified in the situation and tasks during the important strategic opportunity period and in the target direction of the Chinese modernization road.

　　Answering these five questions well in theory and solving them well in practice are the concentrated expression of the practical innovation, theoretical innovation and institutional innovation of the Party Central Committee governing the country with the Supreme Leader as the core in the economic field, which highlights that the economic thought of the Supreme Leader is a scientific theory based on the national conditions, looking at the world and leading the future, and is the fundamental follow-up and action guide for us to do a good job in economic work in the new development stage.

　　The latest expansion and enrichment of the scientific connotation of the supreme leader’s economic thought

　　The proposal of five major theoretical and practical issues has further expanded and enriched the scientific connotation of the Supreme Leader’s economic thought, and reflected the accurate judgment of the General Secretary of the Supreme Leader on the general economic situation and the strategic deployment of economic work. At present and in the future, it is a time window for these important understandings and judgments to form policies, arrange their implementation and gradually land. It is urgent to think forward, and then make overall plans for work and form a policy system, so as to make a good start and step for consistent and long-term efforts.

　　About achieving common prosperity. Common prosperity is the essential requirement of socialism. Under China’s socialist system, it is necessary to constantly liberate and develop social productive forces, create and accumulate social wealth, and prevent polarization. To achieve the goal of common prosperity, we must first make the "cake" bigger and better through the joint efforts of the people of the whole country, and then cut and divide the "cake" through reasonable institutional arrangements. This is a long historical process. Steadily moving towards this goal requires us to correctly understand and grasp the strategic objectives and practical ways to achieve common prosperity, strengthen the priority orientation of employment in promoting high-quality development, give play to the functional role of distribution, persist in doing our best, do what we can, step by step, and improve the public service policy system.

　　On regulating and guiding capital. As an important factor of production, capital is a tool for the market to allocate resources and a way and means to develop the economy. There are bound to be various forms of capital in the socialist market economy. We should give full play to the positive role of capital as a factor of production and effectively control its negative role. To curb the disorderly expansion of capital, it is not to want capital, but to develop capital in an orderly manner. This requires us to correctly understand and grasp the characteristics and behavior rules of capital, set up "traffic lights" for capital, improve the legal system of capital development, strengthen effective supervision of capital according to law, and promote the benign development and common development of all kinds of capital.

　　On the guarantee of primary products. For a big country like ours, ensuring the supply of primary products is a major strategic issue. Only by strengthening strategic planning and ensuring supply security can we firmly grasp the initiative of development. This requires us to correctly understand and grasp the supply guarantee of primary products, adhere to the priority of saving, enhance the domestic resource production guarantee capacity, optimize the overseas resource guarantee capacity in a mutually beneficial and win-win way, put the improvement of agricultural comprehensive production capacity in a more prominent position, and ensure that Chinese’s rice bowl is firmly in its own hands at all times.

　　About preventing and resolving risks. At present, the international situation is complex and changeable, the task of reform, development and stability is arduous and arduous, and the risks and challenges we face are unprecedented. Only by coordinating development and safety, adhering to the bottom line thinking, enhancing the sense of hardship, improving the ability of prevention and control, and focusing on preventing and resolving major risks can we maintain sustained and healthy economic development and overall social stability. This requires us to correctly understand and grasp the prevention and resolution of major risks, continue to follow the principles of overall stability, overall coordination, classified policies and accurate bomb disposal, do a good job in risk disposal, strengthen the construction of financial rule of law, compact the responsibilities of local, financial supervision, industry supervisors and other parties, compact the main responsibility of enterprises to save themselves, strengthen the construction of financial supervision cadres, study and formulate policies to resolve risks, and improve the financial risk disposal mechanism.

　　On the steady realization of "double carbon" Achieving carbon neutrality in peak carbon dioxide emissions is an inherent requirement to promote high-quality development, and it is a broad and profound economic and social change, which can never be achieved easily. It is necessary to unswervingly push forward, and it is impossible to accomplish everything in one battle, and we must never be impatient and rash. This requires us to correctly understand and grasp peak carbon dioxide emissions’s carbon neutrality, adhere to the principles of national overall planning, saving priority, two-wheel drive, smooth internal and external flow and risk prevention, promote the optimal combination of coal and new energy based on the basic national conditions of coal, create conditions to realize the transformation from "double control" of energy consumption to "double control" of total carbon emission and intensity as soon as possible, accelerate the formation of an incentive and restraint mechanism to reduce pollution and carbon, ensure energy supply, further promote the energy revolution, and accelerate the construction of an energy power.

　　Five strategic issues are five strategic tasks. A series of important expositions and work arrangements highlight the historical initiative, great theoretical courage and strong responsibility of the Supreme Leader General Secretary. This requires us to lay a solid foundation, promote advantages, fill shortcomings and strong and weak items in the next stage of economic work, and open up a broader space for economic development by constantly solving problems.

　　Transform powerful theoretical advantages into economic governance efficiency

　　The supreme leader’s economic thought was formed under the historical conditions that Socialism with Chinese characteristics entered a new era, the main contradictions in our society changed, and the world changed dramatically in a hundred years. The important exposition on correctly understanding and grasping major theoretical and practical issues has broad background, profound theoretical origin and solid practical foundation, which embodies the distinctive characteristics of combining theory with practice and unifying epistemology and methodology. We should deeply understand its profound theoretical value and effectively transform it into economic governance efficiency in practice, making it a sharp ideological weapon to guide China’s high-quality economic development, scientifically respond to major risks and challenges, and build a socialist modern country in an all-round way.

　　First, the origin of people first.

　　Common prosperity is the essential requirement of Socialism with Chinese characteristics; The Communist Party of China (CPC) people in the new era are exploring the way to common prosperity. In the whole process of exploration, we should correctly grasp and handle the relationship between the creation and distribution of wealth, on the one hand, encourage the people of the whole country to work together to make the "cake" bigger and better; On the other hand, we should design reasonable institutional arrangements, correctly handle the relationship between growth and distribution, and cut and divide the "cake". This is a long-term historical process. We must always regard the people’s interests as the fundamental starting point and end result of the Party’s economic work, pay attention to the well-being of people’s livelihood, ensure the supply of people’s livelihood, and steadily move toward the goal of common prosperity in the high-quality development of co-construction, sharing, green and low carbon.

　　Second, the spirit of seeking truth from facts.

　　China has become the second largest economy in the world, but its development environment has undergone profound and complex changes. Many of the difficulties and problems we are facing are influenced by external factors, which are unprecedented in the world for a hundred years, and also by internal factors, which are profound supply-side structural and institutional contradictions in the national economy. Seeking truth from facts is the living soul of Marxism and runs through the economic thought of the supreme leader. It is the fundamental thinking method and working principle for us to analyze the new situation, understand new things and accomplish new tasks. We must adhere to the development view of Marxism, adhere to the scientific attitude of starting from practice and testing everything by practice, clearly understand the changes and invariance of the world, national conditions and party conditions, give full play to the initiative and creativity of history, forge ahead and explore boldly when encountering rivers, dare and be good at analyzing and answering major theoretical and practical questions, make innovative generalizations in theory, make forward-looking arrangements in policy, and constantly make discoveries and achievements in practice.

　　Third, the weapon of scientific theory.

　　The supreme leader’s economic thought insists on observing, grasping and leading the times with Marxism, and profoundly answers many important and practical problems that Marxist classic writers have never talked about, that our predecessors have never encountered, and that western economic theory cannot solve. This theoretical achievement with distinctive times and creativity formed in adapting to the new situation, solving new problems and coping with new challenges is the precious ideological crystallization of the Communist Party of China (CPC) people’s unremitting exploration of the socialist economic development path. To correctly understand and grasp the major theoretical and practical issues in the new development stage, we must take scientific theory as an ideological weapon and a guide to action, refine and summarize the laws of economic and social development, properly guard against and resolve major risk challenges, and promote China’s economy to be stable and far-reaching on the road of higher quality, more efficient, fairer, more sustainable and safer development.

　　Fourth, goal-oriented and problem-oriented working methods.

　　The goal is the direction of struggle, and the problem is the voice of the times. We adhere to the direction of socialist market economy reform, and we are bound to encounter various difficulties and problems on the road of steadily moving towards the goal of common prosperity and realizing the beautiful ideal of the great rejuvenation of the Chinese nation. To combine goal orientation with problem orientation, we should not only focus on the goal, but also work hard on overall planning and top-level design to enhance the sense of direction and leadership, and also focus on the problem and continue to exert efforts to supplement shortcomings and strengths to enhance accuracy and effectiveness. Only by studying major strategic issues in time, improving the ability of risk foresight and prediction, deploying work that has a bearing on the overall situation and a long-term concern as soon as possible, and leading the reform in depth with key breakthroughs can we lay a more solid foundation for winning the initiative, winning the advantage and winning the future.

　　Fifth, the courage and wisdom to dare to struggle and be good at it.

　　There are many contents in summing up the achievements and experiences of the Party since the 18th National Congress, and there must be one among them, that is, our Party has always maintained the mental state and struggling posture of carrying out great struggles. If there is no such state and posture, not only will problems be difficult to solve, but major events will not be accomplished, let alone historic achievements and historic changes. The "great struggle, great project, great cause and great dream" emphasized by General Secretary of the Supreme Leader, the great struggle ranks first, with profound meaning. In the face of major theoretical and practical problems in the new stage of development, we must never lose the mental state of daring to face up to contradictions and overcome difficulties, and give up the practical actions of daring to do our best and do good deeds. We must not budge in safeguarding the country’s core interests, and we must be more realistic in all the work of reform, development and stability, bite hard bones, wade through deep-water beaches, and get through this critical stage of seizing the pass.

　　Looking back on the glorious course of the Communist Party of China (CPC) in the past century, almost every strategic breakthrough is closely related to solving major problems as the driving force and resolving major crises as opportunities. In the new stage of development, the domestic development problems we face must be solved in deepening reform and opening up; The external environmental pressure is the best motivation to improve yourself. Under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, we should correctly understand and grasp the major theoretical and practical problems facing China’s development, seize the promising period of important strategic opportunities, and concentrate on doing our own thing well. The mission is glorious and time waits for no one!

　　The hour hand of history has pointed to a new scale. The front of development, new glory and glory, is waiting for continuous development and continuous creation! (This article Source: Economic Daily Author: Editorial Department of Economic Daily)

Summary of views of glass mechanism Futures company Multi-space direction Core logic Nanhua futures shake Glass stocks generally remained low, but market sentiment weakened and shipments slowed down. The favorable real estate policy and the expected decline in supply do not match the actual orders, which leads to limited price elasticity.

The contract in recent months is under greater pressure. Galaxy futures shake Glass inventory decreased by 3.2% month on month, but increased year on year.

16.69%； Production profits have recovered, and demand

Slightly improved due to the policy impact, but still low year-on-year; spot price

Loose, strong market wait-and-see mood, macro-policy entry

Vacuum period, short-term price fluctuation. Yongan research Empty Both spot and futures prices of glass have weakened, and the basis is low.

The price difference between January and May is low, the inventory is high and the profit is high.

Low, the terminal demand is not expected to improve significantly, resulting in glass

Glass futures are bearish. Zhengxin futures empty Macroeconomic sentiment weakened, glass futures prices fell, spot

The price is flat, and the progress of demand fulfillment needs attention. Everbright futures Empty Glass futures prices dropped significantly, breaking through the shock range.

Along, the spot market price fluctuates weakly, and some areas produce

The sales rate is on the low side. Although the inventory of enterprises has gone down, the fundamentals are

The index drive is limited, and the high risk in the futures market continues to be released.

Release, callback pressure is greater. Shen Yin wanguo shake Glass futures fell back, focusing on the consumption-driven and upstream market outlook.

Supply adjustment, observation of real estate policy changes and glass enterprises

Changes in industry profits. Short-term inventory increase, need to pay attention to supply and demand.

Adjust the process and the contraction degree of downstream supply. Huatai futures shake The increase of cold repair of glass production line leads to the decline of output, and the demand side

It is expected to improve under the expectation of catching up with the work, and the inventory will continue to go down.

Overall, it maintains a strong shock operation. Short-term market sentiment wave

Dynamic impact disk, need to pay attention to production line cold repair and downstream demand.

Situation.