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E-Week New Forces | Xpeng Motors received 4 billion B+ rounds of financing; E-Cafe Releases High-end New Brand ENOVATE

Just now, we have witnessed the completion of 2 billion yuan Pre-A financing, the launch of Nezha N01, the first mass-produced car of Hezhong New Energy, and the release of Archimedes 1.0 Plan, and the Chinese brand of SF MOTORS named Jin Fu EV…… … The new car-making forces have made frequent moves. The first electric network specially launched the column "E-Week New Forces", which was summarized every week, followed the trends closely, and tracked and presented every progress of the new forces in car making with the most intuitive content.

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Tucki

On August 2nd, it was announced that it had completed the B+ financing with a total signing amount of RMB 4 billion, and was jointly led by Chunhua Capital, Morningstar Capital and He Xiaopeng, Chairman and CEO of Xpeng Motors. This is the largest single round of financing among the new car-making forces since 2018. After the completion of this B+ round financing agreement, the whole B round financing in Xpeng Motors has reached 6.2 billion yuan, and the accumulated financing amount has exceeded 10 billion yuan. At present, the valuation of Xpeng Motors is nearly 25 billion yuan.

Mr. Bao Siyuan, the former head of Fidelity Investment China Fund, has officially joined Xpeng Motors as the managing director of the strategy department, responsible for Xpeng Motors’s international strategy, financing and investor relations, and reporting directly to Dr. Gu Hongdi, vice chairman and president of Xiaopeng Automobile. Before joining Xpeng Motors, Bao Siyuan worked for Fidelity Investment Group, the world’s largest professional fund company, for 21 years and delivered outstanding results.

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Hezhong new energy

Nezha N01, the first mass-produced vehicle of Hezhong New Energy, was officially launched in its smart factory in Tongxiang. Nezha N01 is positioned in a small, fast charging mode, which can charge 80% of the power in 30 minutes, with a maximum torque of 175 Nm and an acceleration of less than or equal to 4.9 seconds at 0-50 km/h. The new car is planned to be officially launched in August this year.

At the corporate strategy and product launch conference held by Hezhong New Energy, its president Zhang Yong released the mid-term development strategy of the enterprise "Archimedes Plan Version 1.0". "Archimedes Plan" is the whole travel ecosystem including product planning, vehicle technology, intelligent system, service and sales volume.

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Electric coffee

On July 31st, E-Cafe held a brand-new communication meeting in Beijing, exposing its new brand "ENOVATE" and the design sketch of its first mid-to-high-end model. The chairman and CEO of E-Cafe announced that the new brand will be officially released in the second half of the year, and the goal is to be of German quality. Eight cars will be launched within five years, with a sales target of 360,000.

Among the 8 executives of electric coffee car, 6 are from SAIC, and all have more than 20 years of experience in building cars; Among the 600 employees in the factory, more than 60-70 are from SAIC Volkswagen, and they also have more than 20 years of experience in building cars, and they are the main leaders, which makes electric coffee cars will be advertised as Volkswagen in the future.

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Its second model-Weilai ES6 spy photos broke out. The new car is positioned as a 5-seat model, and it is expected to be officially released on "NIO Day" on December 16th, and the price will be announced simultaneously. According to previous news, the ES6 will continue to be produced by automobile OEM.

Weilai Center has been officially put into operation in Beishangguang and other places, facing huge store expenses and the problem of mass production delivery. Coupled with the retreat of the new energy vehicle policy, many parties predict that its annual loss will exceed 5.1 billion yuan.

BP invested US$ 10 million in Weilai Capital to lay out the travel field in China. After BP, a multinational oil giant, established a long-term partnership with Weilai Capital, the venture capital of BP decided to invest $10 million in Weilai Capital’s US dollar fund to support Weilai Capital to explore new opportunities in China’s new energy electric vehicle ecosystem.

Another owner of Weilai ES8 reported that this car could not meet the official standard. When driving at a high speed of about 120km/h, it did not reach the official comprehensive cruising range of 355 km. After the official test, the cruising range is 226 kilometers, because the specific use of the vehicle is different, and the user thinks that the car can only travel in the urban area.

Chehejia

The spy photos of Chehe’s brand-new SUV broke out, and the new car is expected to be officially unveiled in October, and the first batch of cars will be delivered in 2019. It is reported that the car is positioned in a medium and large SUV, using hybrid power and a comprehensive cruising range of more than 700 kilometers.

Weima

At the joint conference of 2018 car-making plan strategy with the theme of "JU Unlimited, Making Extraordinary", Hummer Group, Prologis, Jingdong Logistics and Sifang announced that they would jointly set up a smart truck company to create new truck species. The smart truck will provide the driver with a "high IQ" "co-pilot" through the intelligent terminal, with a series of new experiences such as business docking OPEN API, logistics map, multi-point delivery, remote real-time diagnosis, and dangerous intelligent reminder, so as to match the needs of young drivers in the future, support various complex logistics scenarios, and let drivers work safely and efficiently. At the same time, behind each truck, it will be escorted by a whole set of logistics Saas platform and asset management platform. It is estimated that smart trucks will be mass-produced and put on the market in 2020.

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FF

FF appointed Liu Hong as the global chief administrative officer and global executive vice president.

Henry Hong Liu, a well-known expert in international legal affairs, finance and regulatory affairs, and a former global equity partner of Meiyabo International Law Firm, joined FF as the global chief executive officer, global executive vice president, global general counsel, and the chairman of FF’s newly established functional committee. He will take FF’s headquarters in Los Angeles, California as his work base.

On July 30th, after the first BIW arrived in hanford factory two days earlier, FF announced the successful start of vehicle assembly on the same day, and Hector Padilla, FF BIW processing and equipment manager, was responsible for the on-site supervision of the whole process. FF 91 BIW uses a number of cutting-edge manufacturing technologies such as aluminum body structure and FuffFrand? thread technology, and all technologies will be equipped in hanford factory before December this year.

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Baiteng

Baten made his first bold attempt in Munich Design Center, Germany-let Baten’s automobile designers communicate face to face with the "chief intelligence officers". This is just that Baiteng is advancing its own established plan. At the launching ceremony of the second concept car BYTON K-Byte Concept in June this year, Baiteng announced the launch of the "Intelligent Officer" recruitment plan that allows end users to participate in R&D evaluation.

Zero run

On July 28th, Zero Run Car held the "Self-research and Leading the Future" brand experience day at the test drive experience center in Baima Lake, Hangzhou. By the way of on-site explanation by engineers combined with physical exhibition, Zero Run Automobile showed the core "Three Electricity" system and other technological innovations independently developed to the guests. And by setting up a scene experience area on the spot, guests can personally feel the industry-leading autopilot function of Zero Run S01.

Chinese express

Dr. Qian Li, an expert in intelligent electronic architecture, car networking and autonomous driving, confirmed to join Chinese Express Technology Co., Ltd. as the vice president, responsible for the independent and forward development of relevant cutting-edge technologies, specializing in intelligent electronic architecture, car networking and autonomous driving.

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How many of these 13 new measures for public security and convenience in 2017 have you enjoyed?

  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.

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Behind Russia’s "escalation of wording"

  March 24th, which just passed, is the 25th anniversary of NATO’s bombing of Yugoslavia.

  On the same day, the Russian Foreign Ministry issued a noticeable announcement, pointing out that the bombing of Yugoslavia by the United States and its NATO allies 25 years ago destroyed the European security foundation after World War II, and their guilt has not yet been forgotten.

Behind Russia's "escalation of wording"

  Tass news agency: The announcement said, "No NATO official has been punished for this, but they just decided to call the victims of aggression ‘ Incidental loss ’ That is, when realizing the geopolitical ambition of the United States ‘ Associated ’ The loss. The issue of NATO allies’ responsibility for damaging international relations and this country is still unresolved. "

  In connection with the ongoing Ukrainian crisis provoked by the United States and NATO led by it, it is natural for the outside world to interpret more meanings about NATO’s guilt from Russia’s position.

  Intriguingly, after the outbreak of the conflict between Russia and Ukraine, Serbia, one of the main successors of the former Federal Republic of Yugoslavia, has been bullied and lured by the West to take sides on the issue of "opposing Ukraine and controlling Russia". But Serbia resisted the pressure.

  Just earlier this month, Serbian President Vucic told reporters that western countries are trying to defeat Russia by pursuing a comprehensive militarization policy, which is "a crazy thing that is happening now".

Behind Russia's "escalation of wording"

  Screenshot of the Tass news agency report (the picture shows Vucic)

  European economy turns to "crisis mode"?

  Facts have proved that what Vucic said is true.

  In response to the "Russian threat", NATO members in Europe are increasing their military spending.

  Borrell, the High Representative of the European Union for Foreign Affairs and Security Policy, issued a document on 25th local time, saying that the military budgets of EU member states increased by 50 billion euros between 2022 and 2023 due to "the drastic changes in the international situation".

Behind Russia's "escalation of wording"

  EU External Action Agency official website screenshot

  Nevertheless, there is still a gap between this and NATO’s requirement that military expenditure should reach 2% of the gross domestic product (GDP) of each member country.

  According to the latest research by the Iff Institute of Economics in Germany, the European member countries of NATO still need to increase an additional 56 billion euros every year to meet the standards. "In the case of weak economic growth and fiscal tightening in many countries, this has increased the budget pressure."

Behind Russia's "escalation of wording"

  Screenshot of the Financial Times report

  But in order to meet the standards, Europe is also fighting.

  According to the current fiscal discipline of the European Union, the annual deficit of each member state should not exceed 3% of GDP and the debt should not exceed 60% of GDP.

  However, according to the Financial Times, in order to facilitate Italy, Poland, Baltic countries and other member countries with relatively high debt and deficit levels to increase their budgetary expenditures, including military expenditures, the EU has agreed to reform the fiscal rules that have been implemented for 20 years, allowing EU countries to "adjust more flexibly" when the deficit is too high.

  Therefore, in the future, the European Commission will regard military expenditure as a "reduction factor" when evaluating whether to take action against member States that break through the annual deficit ceiling.

  No wonder the U.S. government, which has been urging Europe to increase its defense spending, recently "praised" the EU countries for their "progress" in meeting the military expenditure standards.

Behind Russia's "escalation of wording"

  Screenshot of the Financial Times report

  According to the 2023 annual report released by NATO recently, as of last year, the military expenditure of NATO’s European member countries increased by 11% year-on-year, maintaining the growth trend for the ninth consecutive year.

  The report also shows that the military expenditure of 11 NATO member countries reached 2% of their GDP last year. It is estimated that by the end of this year, two thirds of the 32 NATO members will reach or exceed this level.

Behind Russia's "escalation of wording"

  Screenshot of NATO official website Report

  Just recently, Norway became the latest European NATO member to say that it will achieve the 2% military expenditure target this year, one year ahead of schedule.

Behind Russia's "escalation of wording"

  Bloomberg report screenshot

  Some Eastern European and Baltic countries, as Depth Charge, are particularly active.

  Poland’s military expenditure this year will exceed 4% of its GDP, which is also the highest level among NATO members.

  Because of the new financial regulations of the EU, this practice, which originally violated the EU’s financial discipline, will no longer be restricted in the future.

  In the words of Polish Foreign Minister Sicorschi, "We are moving in the right direction … … In view of the fact that the Russian economy is already in wartime, the economies of European countries need to at least turn to crisis mode. "

Behind Russia's "escalation of wording"

  Bloomberg social media screenshot

  "For us, this has become a war."

  In the fiery atmosphere where NATO countries are busy preparing for the war, the "cloud of sending troops", which originated from French President Macron, continues to ferment.

  Macron, once regarded as the largest "peacemaker" in Europe, has been insisting on his "theory of sending troops" on different occasions since he first openly talked about the possibility of sending troops to Ukraine when he hosted the International Conference in Support of Ukraine at the end of February.

  The latest statement of French military leaders also echoed Macron’s remarks.

  Burkhard, chief of general staff of the French army, said after a meeting with the Swedish Armed Forces Commander-in-Chief, that the western support for Ukraine "may exceed the supply of weapons" and that "Europeans must be able to take risks to ensure the security of Europe in the next decade".

Behind Russia's "escalation of wording"

  AFP report screenshot (the picture shows Macron shaking hands with Burkhard)

  French Army Chief of Staff Schill also published a signed article in Le Monde, France, saying that France can mobilize an army of 20,000 people within 30 days and has the ability to command the French and allied troops of 60,000 people.

  "The French army should be prepared for the most difficult action."

Behind Russia's "escalation of wording"

  Screenshot of the French newspaper Le Monde

  In this regard, Medvedev, vice-chairman of the Security Council of the Russian Federation, posted a message on social media warning that after Macron and others said that France had no "red line" in aiding Ukraine, Russia also had no "red line" in its relations with France.

  Medvedev also wrote in Latin: "All means can be taken against the enemy."

Behind Russia's "escalation of wording"

  Medvedev social media screenshot

  Although France has always denied that it has sent troops to Ukraine, and NATO members including the United States and other western countries have distanced themselves from Macron’s remarks for the first time, according to the latest revelation made by Polish Foreign Minister Sicorschi in an interview a few days ago, western troops in Ukraine have become an "open secret".

  Coincidentally.

  Matthew Huo, a former official of the State Council in the United States, also bluntly said in an interview recently that there are NATO and American military personnel in Ukraine, including special forces, CIA personnel, contractors, mercenaries and suppliers. In this way, the United States and western countries conceal their military personnel input in the Russian-Ukrainian conflict and will never admit it.

Behind Russia's "escalation of wording"

  Data map: Matthew Huo

  In the face of the aggressive western sword-throwing, the Russian official’s wording on the conflict between Russia and Ukraine has also escalated, which has aroused widespread concern from the outside world.

  Peskov, Russian Presidential Press Secretary, said in an interview a few days ago that Russia’s special military action in Ukraine "has turned into a war for us" when the western collective stood on Ukraine’s side and participated in the conflict.

Behind Russia's "escalation of wording"

  Screenshot of French 24-hour news channel report

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Wang Jianlin finally cut off the "heart meat"

Wanda Film announced at noon on December 6 that the actual controller, Wang Jianlin, and others plan to transfer 51% of the company’s controlling shareholder, Beijing Wanda Investment Co., Ltd. (hereinafter referred to as Wanda Investment). If the above matters are finally implemented, it will lead to a change in the company’s control.

The announcement shows that the company received a notice on the same day that the company’s indirect controlling shareholder, Beijing Wanda Cultural Industry Group Co., Ltd., and its wholly-owned subsidiary, Beijing Hengrun Enterprise Management Development Co., Ltd., and the company’s actual controller, Wang Jianlin, intend to transfer 51% of the company’s total controlling shareholder, Wanda Investment, to Shanghai Ruyi Investment Management Co., Ltd. (hereinafter referred to as Shanghai Ruyi).

Wanda Film said that in view of the uncertainties in the above matters, in order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in stock prices, the company has applied to the Shenzhen Stock Exchange to suspend trading of the company’s shares since the opening of the market on December 6, 2023 (Wednesday). It is expected that the suspension time will not exceed 2 trading days.

▲ Wanda Film Announcement

It is worth noting that, previously, Hong Kong stocks China Ruyi had announced on the evening of July 23 that, as a controlled structural entity in which the company holds 100% of the actual interests, Shanghai Ruyi was 2.262 billion yuan to transfer 49% of the shares held by Beijing Wanda Cultural Industry Group Co., Ltd. Wanda Investment.

China Ruyi said in the announcement that after the completion of the equity transfer, Shanghai Ruyi will directly hold 49% of Wanda Investment. Shanghai Ruyi currently has no intention to appoint directors of Wanda Investment and has no intention of participating in its daily operation and management. Wanda Investment will not be a subsidiary of China Ruyi.

Shanghai Ruyi has produced many popular film and television dramas

Wanda Film is Wang Jianlin’s "quality asset".

Wanda Film’s third quarterly report data shows that in the first three quarters of this year, Wanda Film’s operating income was about 11.347 billion yuan, an increase of 46.98% year-on-year; the net profit attributable to the shareholders of listed companies was about 1.114 billion yuan. From January to September 2023, the company’s domestic theaters achieved box office 6.22 billion yuan (excluding service fees), an increase of 67.6% year-on-year, an increase of 5.2% over the same period in 2019; the number of moviegoers 150 million, an increase of 68.7% over the same period in 2019.

Data show that as of September 30, 2023, Wanda Film had 877 cinemas and 7,338 screens in operation in China, including 709 directly-operated cinemas and 6,159 screens, 168 light-asset cinemas and 1,179 screens. The company’s cumulative market share in the first three quarters was 16.5%.

According to public information, Shanghai Ruyi was established in 2013 and is mainly engaged in the production and operation of radio and television programs and film distribution business. It is a controlled structural entity in which China Ruyi holds 100% of the actual interests. The company has produced a number of popular film and television dramas such as "Hello, Li Huanying", "To Youth", "Langya Bang", "Biography of Mi Yue", "Sewing Machine Band" and "Send You a Little Red Flower". Previously, among the four cornerstone investors introduced by the IPO of Lehua Entertainment, Sun Mass Energy, a wholly-owned subsidiary of China Ruyi, had subscribed for the sale of shares of 7.90 million US dollars.

▲ Picture source: Ruyi company official website

It is worth mentioning that the largest shareholder of China Ruyi is Tencent. Including the previous introduction of China Ruyi, Wanda returned funds of 6.766 billion yuan through three equity transfers in July to dispose of Wanda Film and Wanda Investment Equity.

According to Wanda Film’s July 23 announcement on the change of indirect controlling shareholders’ equity, after the relevant equity changes with Shanghai Ruyi were completed, Shanghai Ruyi indirectly held 9.8% of Wanda Film’s shares through Wanda Investment.

At the same time, Wanda Culture Group indirectly holds a 10.2% stake in Wanda Film through Wanda Investment, and Wanda Culture Group and its concerted actors jointly hold a 21.1% stake in Wanda Film, both directly and indirectly.

That is to say, the controlling shareholder of Wanda Film is still Wanda Investment. Although Wang Jianlin sold his stake many times, he still retained his status as the actual controller of Wanda Film.

Why is Wang Jianlin selling?

Analysis believes that behind Wang Jianlin’s "selling, selling, selling" is the current financial dilemma that Wanda is facing and the short-term hopelessness of Zhuhai Wanda Commercial Management’s listing in Hong Kong stocks and the pressure of repurchase through gambling agreements.

According to the previous Hong Kong IPO application materials, Wanda Commercial Management Group subsidiary Zhuhai Wanda Commercial Management is applying for listing on the Hong Kong Stock Exchange. If it cannot be successfully listed by the end of 2023, Wanda Commercial Management Group needs to pay about 30 billion yuan to investors before listing.

As of the end of June 2023, the stock of domestic open market bonds managed by Wanda Commercial was 12.341 billion yuan, and the stock of overseas bonds was about 1.80 billion US dollars.

Wanda has sold at least five Wanda plazas this year. At the end of September, Wanda transferred its Guangxi Beihai Hepu Wanda Plaza to Hepu Wanghe Real Estate, a local real estate company in Beihai; in October, Wanda Commercial Management transferred a 100% stake in Shanghai Wanda Plaza Real Estate Co., Ltd.

On the secondary market, Wanda Film stopped trading on the 6th and closed at 12.45 yuan on the 5th, down 2.05% on the day, and the company’s latest market value was 27.13 billion yuan. As of press time, Hong Kong stocks China Ruyi rose 2.82% to 1.820 Hong Kong dollars, after rising more than 9%.

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Ruan Jingtian, who does not play the ancient puppet, is handsome again. The three highlights of "Zhou Chu Except for the Three Evils" hang other movies

On March 1, the movie "Zhou Chu Except for the Three Evils" Douban, which was launched in mainland theaters, achieved a score of 8.2 points, with excellent box office results. In just 5 days, the box office growth rate has exceeded that of the other three films in the Spring Festival.

The scale is not small, and the violent aesthetic is the first impression of many audiences of this film, but if only because of these two points, it is not enough to deserve the high evaluation of the film given by the audience. This crime action film directed by Huang Jingfu and starring Ruan Jingtian, Yuan Fuhua, Chen Yiwen, Wang Jing, Li Liren, Xie Qiong < unk > tells the story of Chen Guilin, a gangster killer who wanted to turn himself in, who was ignored by the police at the police station and decided to kill the two wanted criminals in front of him to get the sense of value he wanted.

The first thing that made "Zhou Zhuan Removal of the Three Evils" gain praise was Ruan Jingtian’s increasingly mature acting skills. He was no longer a young man who starred in "Monga". At the same time, this time, Chen Guilin saved Ruan Jingtian from the audience goodwill he lost when he starred in "Fu Yao".

Due to the plot and makeup of "Fu Shake", his audience’s popularity has dropped a lot. The makeup of "Fu Shake" really wants Ruan Jingtian to stay in his comfort zone. The story is also about love and male condensation, and the story of the pseudo-heroine is not pleasant.

Chen Guilin’s prototype is the legendary killer of the Taiwanese gang Liu Huanrong. At the beginning of the film, Chen Guilin appears at the funeral of the gang boss, eating a box lunch and chatting happily with others. After waiting for the target to appear, he leisurely walks forward and shoots people in front of everyone. After the high-profile murder, he also successfully shakes off the police and flees the scene.

In the movie, he would hold back tears because he was worried about his grandmother’s condition. Facing the half-naked Xiaomei, he would first put on a blanket for her. When he saw Xiaopang spitting black water, he immediately picked him up for medical treatment.

He successfully portrays a complex character like Chen Guilin, revealing the character’s inner world and emotional changes through delicate performances. Ruan Jingtian’s fist-to-meat fight in the movie is equally exciting, and the long-distance chase scene is also enjoyable to watch.

The performance of the other characters in the movie was equally wonderful. In the prison visit scene, the actor Xie Qiong sat like that, and the memories of the vicissitudes of his life were deeply felt. Wang Jing was worthy of being a powerful young actor.

As the Aberdeen actor Yuan Fuhua played the moody and ruthless character of the fugitive, Chen Yiwen played the Venerable with a smile. Tsang Peiyu, who played the Venerable Lover, was sometimes more like the Venerable One than the Venerable One. During the movie, when the Venerable One died and she didn’t run away, she had to play her role, making people feel that she was the boss behind the scenes.

The second highlight is that the plot of the movie is ironic enough. At the beginning of the movie "Removing the Three Harmies in Zhou Chu", each person is given 300 yuan for the appearance fee, which hints at the decline of the Taiwanese gangs, and the spiritual center also satirizes some organizations that generate electricity with love on the surface and speak noble slogans, but in fact are all kinds of dirty and hate organizations behind the scenes. In the movie, the cult killing scene in Zhou Chu is impressive. Chen Guilin is sitting leisurely changing bullets, and the people on the stage are still singing cult songs. Under the bright and warm sun, Chen Guilin is holding a gun and shooting people who have been brainwashed to the point of no return.

The third point is the drama of the story. After Xiaomei was rescued by Chen Guilin from Aberdeen’s hands, Chen Guilin asked her why her mother chose to take the blame for Aberdeen and imprisoned for 15 years. She said that her mother was also rescued by Aberdeen that year. At the beginning, Zhang Guiqing said that Chen Guilin had lung cancer, and in the movie, Chen Guilin kept coughing because of strong psychological suggestions, but at the end of the movie, the person who got lung cancer was actually Zhang Guiqing.

"The Three Harms" is also a movie full of details. The three most wanted criminals correspond to the greedy pigeons, snakes, and pigs, and the watch pattern bought by Chen Guilin’s grandmother is a piglet. The movie also deeply explores the essence of traditional Chinese culture. In the movie, we can see elements such as Guan Gong and the Holy Grail.

In an interview, Mr. Ruan said: "The movies and characters I have encountered in the past year or two have largely forced me to face the loneliness and weakness I had in the past, and forced me to face the unbearable things I had in the past." Regarding the 40-year-old period, he said: "I am also very happy to draw," and hope that Ruan Jingtian will bring us better works in the future.

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Deng Chao Sun Li is waiting to celebrate his birthday, netizens tease: the same fate as Xiaohua

1905 movie network news On November 12, Deng Chao posted a photo through Weibo to celebrate his 7th birthday, with the caption: "Stinky son, happy birthday!" In the photo, Deng Chao and Sun Li stood on both sides, kissing the faces of the wait, and the wait in the middle, even if the face is reluctant, it is impossible to escape the fate of being kissed and deformed. The picture is very funny, especially Deng Chao’s expression. Even he himself realized the penetrating power of his eyes. He commented that "looking at the eyes of the old father, you will know how much I love you", and he did not lose his love for his son. Later, Deng Chao also said in the comment area: "I wanted to send it at zero, but I couldn’t resist falling asleep."


Sun Li also posted a similar photo of the three on Weibo, but the caption was more literary and warm than Deng Chao: "Wait, I’m 7 years old, I’ve changed 4 teeth, and I’ve been growing up." The style of the two photos reminded netizens of Xiaohua, who had the same experience. Some netizens joked: "It’s still a familiar formula", and at the same time they also wished: "Wait, happy birthday brother!" "The family will always be happy!"


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Avita 12 delivery process continues to accelerate, empowering Avita’s overall delivery record

  According to the official news of Avita Technology, in December 2023, Avita delivered 6,106 units, setting a record high in delivery and achieving outstanding results. Among them, Avita 12, which has just started national delivery, has made outstanding contributions, delivering 2004 units in only 20 days, ranking in the forefront of pure electric cars above 300,000. It can be said that Avita 12 uses an efficient delivery attitude to enable the majority of car owners to accelerate the appreciation of its "smart beauty top stream" charm.

  It is reported that in the first month of its listing on November 10, 2023, the order of Avita 12 exceeded 20,000 units, and it was unanimously favored by many car owners. Counting the charm of this future intelligent luxury model born out of the industry-leading intelligent electric vehicle technology platform CHN, its three characteristics of "top intelligence, top design, and top luxury space" are really eye-catching, which can be called Changan Automobile, Huawei, and Ningde Era to redefine the new standard of luxury in the era of smart cars. In addition, the price range of three configuration models under Avita 12 is 300,800 yuan to 400,800 yuan respectively. Combined with its overall configuration, it can be said that the cost-effective advantage is obvious.

  With the support of Huawei’s high-end intelligent driving system HUAWEI ADS 2.0, Avita 12 shows the industry’s leading intelligent driving strength. In addition, all its models are equipped with 3 lidar as standard, which can provide a horizontal field of view of more than 300 °, powerful lateral 3D spatial perception and high-resolution and high-confidence level detection capabilities. Thanks to these software and hardware configurations, Avita 12 can easily cope with intelligent driving needs in various road conditions without relying on high-precision maps, helping users to achieve worry-free travel.

  It is worth emphasizing that the intelligent driving strength of Avita 12 is not only leading at the moment, in the next 3-5 years, through the OTA upgrade of the software system, it can still bring first-class intelligent experience to the majority of users. According to the statistics released by Avita, at present, Avita’s intelligent driving function has been fully trusted and used by users. The accumulated mileage of intelligent driving is 35 million kilometers, accounting for 23% of the total mileage, which is the first in the industry. Intelligent parking assistance has been called 3.70 million times to help many users solve parking troubles.

  Coupled with the latest good news from Avita Technology, it has become one of the first companies to be approved for a high-speed road conditional autonomous driving (L3) test license. Level 3 autonomous driving is a watershed between "assisted driving" and "autonomous driving", meaning that the driver can "let go", "take off" and "take off the eyes" under certain conditions, and the vehicle can also fully accelerate, steer and brake automatically under certain conditions. This means that Avita 12 users can look forward to one day in the future, can experience the thrill of autonomous driving with Avita 12.

  Today, the national delivery process of Avita 12 is ongoing, constantly meeting the expectations of more users to pick up the car, so that they can feel the pleasure of intelligent travel. In addition, Avita is currently steadily advancing the "going to sea" strategy, so that Avita 12 can continue to release the "wisdom and beauty top" charm on the world stage.

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How does Buick achieve brand advancement?

On the eve of the National Day (September 30), a new sub-brand – Buick Avenir was officially launched. According to SAIC GM’s strategic intention, the new brand will be specially built based on Buick’s high-end models, providing consumers with high-end and personalized car needs and exclusive service experience.

Avenir concept car built by Buick’s global team

In fact, it is not surprising that SAIC GM has taken this step. The launch of Buick Avenir is a more substantial step for Buick to advance to the high-end field in recent years. In fact, Buick has launched high-end models such as Rongyu and other high-end models before. At the Boao Forum for Asia in 2008, the organizers chose Buick Boulevard as the "only designated VIP car". Buick has also been leveraging cultural and artistic platforms to enhance brand perception, and a series of brand promotion and sponsorship activities have indeed effectively solidified the foundation of Buick’s brand’s continuous improvement.

The practice of providing high-end models through the release of sub-brands on the basis of existing models is actually not unique to Buick. For example, the version of the model, such as the Vignale version, and then looking back, you can also find the Ford Ghia brand. If we expand the definition of sub-brands from high-end to sports, we will also include such things as the Polaris series, series, etc. The case has proved that the introduction of sub-brands can quickly increase brand influence and model awareness.

However, all of this is also conditional.

First of all,The premise of enhancing brand influence through the launch of high-end sub-brands is that the brand itself requires basic brand power.

When we turn back the clock of history, we always find the intersection of Buick and the upper class. General Zhang Xueliang’s special car was a Buick, and President Roosevelt’s gift to Qingling was a black Buick, Premier Zhou’s exclusive car or a Buick.

As one of the early brands to enter the Chinese market, the Buick brand has gained a certain reputation in the luxury car market in the early years by virtue of the advantages of imported cars and the early domestic Buick Century and other models. Subsequently, with the launch of a series of family sedans such as Buick, the Buick brand has also completed a wider coverage of the brand, realizing the transformation of Wang Xie in the old days and flying into the homes of ordinary people. After more than ten years of hard work, the Buick brand has become one of the most influential mainstream brands in the Chinese auto market. Many consumers regard Buick as a mid-to-high-end brand, which is the basis for the brand to continue to improve.

In recent years, Buick has improved its market share and brand span through the rapid update of models and the continuous enrichment of its product lineup. At present, the Buick brand has completed the layout of three major car series: high-end comfortable models, high-end coupes, and high-end SUVs, and has opened the product layout of "Buick Blue" new energy vehicles, which constitutes the first premise for the release of the Avenir sub-brand.

Secondly,Brands must have sufficient product strength and sales to support the development of high-end sub-brands.

Compared with the parent brand, the sub-brand is still a niche after all, not to mention that the sub-brand of Buick Avenir still relies on the development idea of the parent brand’s existing models. Therefore, this puts forward higher requirements for the sales and product strength of the parent brand.

Let’s take a look at Buick’s recent market performance.

According to relevant data, in the first three quarters of this year, the brand completed sales of 870,104 vehicles, an increase of 26.89% year-on-year. In the most recent August and September, the SAIC-GM Buick brand completed monthly sales of more than 100,000 vehicles for two consecutive months. In terms of sub-models, 26,448 vehicles were sold in September, 8,999 vehicles were sold, 8,000 vehicles were sold, 36,386 vehicles were sold, 17,992 vehicles were sold, and 56,333 vehicles were sold in the first three quarters. Among them, Envision’s sales in September increased by 82.2% year-on-year, setting a record high in sales for the month. The cumulative sales in January-September reached 18,028 vehicles, successfully occupying the first position in the joint venture SUV market.

The SUV market is currently the fastest growing market in the domestic market. According to the statistics of the China Association of Automobile Manufacturers, the average growth rate of the SUV market is more than 50%. In this segment, the Buick Envision is in the first camp of the sales rankings and is one of the few joint venture SUVs in the top ten SUV sales rankings.

From the product point of view, the success of the Buick Envision lies in cleverly grasping the connection point between the mid-range SUV and the compact SUV, which is the pain point of the joint venture SUV market. Take the mainstream compact SUV as an example. Under the standard styling ratio, the compact SUV, especially the joint venture brand’s compact SUV, often has the disadvantage of small size and space. The mid-range SUV above this has caused young consumers to have some concerns because of its excessive size. The appearance of the Envision just solves this contradiction.

In fact, I think the Envision’s positioning is still very forward-looking. This level of SUV is a huge market that is rapidly heating up, and in addition to the Envision, there will be more models to join the competition in the future. For example, the Kodiaq just unveiled at the Paris International Motor Show this year, and the new generation of long-wheelbase Tiguan that is about to debut, the new generation of fully enlarged size, and so on.

In the large MPV market, no one can shake the position of the Buick GL8. The success of the Buick GL8 lies in providing a very rich selection of product camps in the MPV market to adapt to diverse consumer needs. The upcoming new generation GL8 also realizes comprehensive coverage from the business MPV market to the high-end private MPV market. Such volume is rare in the current MPV market. For example, the smaller size has always been a household attribute that is larger than the business attribute. In addition, from the perspective of the product, in the MPV market, the Buick GL8’s driving texture will better fit the market’s perception of MPV, including the smoothness of the power, the comfort of the chassis, and so on.

From a design perspective, the success of the new LaCrosse lies in the deepening of American design. The design of the new generation of LaCrosse brings the design of traditional American luxury cars into the design language. The interior pays attention to a comprehensive sense of wrapping and the use of warm colors. In the exterior design, sculptural aesthetics are integrated into the design to stretch the lines of the whole car. The posture of the new LaCrosse is highly consistent with the positioning of its mainstream consumer population, which is the key to its success.

In the family car market, New Yinglang has been a dark horse since its launch last year. The key to success in this market segment is actually two points. To create a well-balanced sedan under a good brand, New Yinglang has indeed achieved this. On the other hand, Valeant is on this basis to emphasize the quality of the vehicle itself and better cater to the overall positioning of the Buick brand.

In terms of the application of new technologies, the Buick brand has always been a pioneer in in-vehicle technology upgrades. For example, the first generation of the OnStar system pioneered in-vehicle intelligence. At present, Buick is also a loyal fan of green intelligent technology. The latest generation of in-vehicle intelligent interconnection system integrates 4GLTE, Apple CarPlay, Baidu CarLife and other interconnection functions. And this series of Internet technologies has been rapidly popularized in Buick’s models, providing users with a car experience in the Internet + era. Therefore, whether it is from the perspective of the overall sales volume of the Buick brand, the positioning of sub-models and the application of new technologies, the Buick brand has the scale to support a high-end sub-brand.

And thirdly,The improvement of service level is a necessary condition to support the development of high-end sub-brands.

If the product itself is regarded as the hardware facilities that support the development of high-end sub-brands, then the service is the software facilities behind it. Especially for high-end sub-brands like Buick Avenir that rely on the development of the parent brand, the premise of its birth is that the service of the parent brand meets its high-end needs.

In the field of after-sales services, Buick has indeed always paid attention to the shaping of brand perception. In 2002, Buick created China’s first after-sales services brand "Buick Care", which brought automotive after-sales services from traditional passive services to the era of active care, emphasizing the initiative of after-sales services. In May this year, Buick Care released a new brand identity and launched a series of innovative service projects. To comprehensively improve the service experience and provide users with a more contemporary service concept, the upgrade of "Buick Care" is also an important step to enhance the value of the Buick brand. With the launch of the Avenir sub-brand, it is expected that Buick Care will also launch exclusive services for the Avenir sub-brand.

It is not difficult to find that the release of the Buick Avenir sub-brand is accompanied by the overall improvement of the Buick brand’s brand influence, product strength and service capabilities, which is also an inevitable development of the brand. In turn, the release of the Avenir sub-brand will further meet the needs of the Buick brand in the high-end consumer market after the brand power is enhanced, which complement each other.

So, to answer the question raised by the title of this article, the answer is yes. For Buick, now is indeed the time to break through. Of course, shaping a new sub-brand also requires the baptism of the market and time, we will wait and see.

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Xiaomi automobile listed for a week, traffic and controversy in Qi Fei.

After Xiaomi released the smart electric car SU7 last Thursday (March 28th), 64-year-old retiree Qing Chang placed an order at the first time and ordered a Pro version of 245,900 yuan (RMB, the same below, S $46,690) for his son who works in Zhuhai, Guangdong.


Xiaomi automobile conference

Qing Yun told Lianhe Zaobao that he has been a Xiaomi mobile phone user for many years, and there are also many Xiaomi household appliances at home. "I went for a test drive two days ago and felt that the appearance was beautiful and the performance was worthy of this price. Although Xiaomi is building a car for the first time, I have confidence in their quality control. "

In the past week, among the more than 100,000 consumers who booked Xiaomi Automobile, there were not only senior "rice noodles" like Qing Chang, but also many people who booked and retired. Xiaomi, who broke into the new energy vehicle market with unprecedented heat, faced doubts and disputes while detonating traffic.

The first question Xiaomi received after its listing was its real sales. According to official data, after the SU7 was opened for booking, the order (the order for paying the deposit) exceeded 10,000 in four minutes, reached 50,000 in 27 minutes, and exceeded 88,898 units in 24 hours, exceeding market expectations.


Xiaomi automobile set 88898 sets for 24 hours.

However, unlike the "big" deposit in general car orders, the 5,000 yuan deposit of Xiaomi Auto can be refunded unconditionally within seven days, and the order will be automatically locked after the deadline, and no refund is supported. In other words, the number of lock orders can better reflect the real sales volume of Xiaomi Automobile.

The special operation of refundable deposit has caused many people to follow suit and place orders, and later they can’t refund the deposit because they mistakenly touched the "lock the order in advance". On the second day after the release of SU7, the topic of "Xiaomi Auto can’t refund the deposit" was posted on Weibo Hot Search, and some users set up rights protection groups for this purpose.

Car blogger Sun Shaojun Tuesday (April 2)
It is estimated that 72 hours after Xiaomi Automobile went on the market, the average store accumulated 1800 to 2000 orders, the lock rate was between 35% and 40%, and the unsubscribe rate was as high as 40%.

Xiaomi official did not confirm the authenticity of the above data. Xiaomi founder Lei Jun disclosed on Wednesday (3rd) on the delivery day of the first batch of SU7 that SU7 had received more than 100,000 orders, and the number of orders locked had exceeded 40,000. The lock rate was in line with the forecast.

Shanghai hardware engineer Gao Weize (26 years old) also placed an order on the day of the release of SU7. However, he later learned that the original version he had booked would be delivered in a week, and he had not obtained the qualification of Shanghai new energy vehicle license required to pick up the car, so he could not keep the order at that time. At this time, if you change to other versions, you have to wait for nearly half a year to pick up the car.

After several trade-offs, Gao Weize cancelled the Xiaomi order and changed to another China electric vehicle brand. When interviewed, he said that the price of krypton is the same as that of SU7, but it can be delivered within two months, just in time for him to apply for a license.

The production capacity of Xiaomi Automobile is another focus of the market. Goldman Sachs, an investment bank, predicted in its research report this week that the average delivery cycle of SU7 has been extended from five to eight weeks to 18 to 21 weeks. According to another data, the delivery cycle of the Max version with the longest waiting time has come to 29 to 32 weeks. In other words, car owners who book the Max version now will not be able to pick up the car until the end of this year.

From Tesla to Huawei, sales of new energy vehicles have declined because the production capacity of new energy vehicles can’t keep up with the growth of orders. Market participants believe that whether Xiaomi can cross the "productivity hell" in the next few months determines how long its hot sales can last.


Tesla automobile

With the addition of Xiaomi, the new energy vehicle market has set off a new round of price war. Huawei, Krypton, Weilai, Tucki and other models with prices ranging from 200,000 yuan to 300,000 yuan have reduced their prices in a week. But this "catfish" that stirs up the market also has to bear the initial losses.

Lei Jun said frankly after last week’s press conference that "every car sold by Xiaomi is a loss". He took Tesla Model 3 as the pricing reference, and set the price of SU7 at 215,900 yuan, which is 30,000 yuan cheaper than Model 3, which means that the pricing of Xiaomi car should not only make consumers feel sincere, but also be able to bear the losses.

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A shares weakened in the afternoon and closed down slightly. The Internet, media and entertainment sectors were relatively active.

  The three major stock indexes of A-shares fluctuated slightly in the morning, and the decline was slightly enlarged in the afternoon. At the close, the Shanghai Composite Index reported 3,043 points, down 0.40%, the Shenzhen Stock Exchange Index reported 9,604 points, down 0.27%, and the Growth Enterprise Market Index reported 1,895 points, down 0.579%. The turnover of the two cities broke through another trillion yuan.

  In terms of sectors: Internet, media and entertainment, software services, automobiles, Sora concepts are relatively better, while non-ferrous metals, electricity, components, petroleum and other sectors closed up;

  On the decline list, insurance, real estate, agriculture, forestry, animal husbandry and fishery, brokerage and building materials were among the top losers.

  Capital flow: As of the closing of A-shares, statistics show that northbound capital has bought a total of 1.567 billion yuan, of which Shanghai Stock Connect bought 649 million yuan and Shenzhen Stock Connect bought 918 million yuan. The turnover of northbound funds was 135.776 billion yuan, accounting for 12.87% of the total turnover of A shares, and the trading activity decreased by 13.03%, of which Shanghai Stock Connect bought 31.544 billion yuan and sold 30.895 billion yuan, while Shenzhen Stock Connect bought 37.128 billion yuan and sold 36.210 billion yuan. Northbound funds kept net purchases for four consecutive days, with net purchases of 6.001 billion yuan, 10.260 billion yuan, 4.244 billion yuan and 1.567 billion yuan respectively, with a total net purchase of 22.072 billion yuan.

  Regarding the trend of A-shares, Guosheng Securities believes that as the "combination boxing" of stabilizing the capital market continues to land, economic data will be released in March or will exceed expectations, which will significantly boost risk appetite and investor confidence and drive the market risk appetite to rebound. The rebound is not over yet. If there is a shock adjustment in the short term or a benign adjustment on the way up. In the medium term, with the intensive introduction of steady growth policies, the process of economic recovery is expected to accelerate, and incremental funds may return to the rebound stage, and the amount of attention can be simultaneously enlarged. At the same time, after the registration system is fully implemented, its survival of the fittest mechanism will help the market style tend to be "blue-chip", and the intermediate market of the Shanghai Composite Index will not be absent but will only deepen. At present, it is suggested to maintain a balanced allocation with value slightly greater than growth.

  Huajin Securities pointed out that blue-chip stocks are dominant and balanced. (1) Style: In the second quarter, it shifted from micro-stocks to super-large stocks and small and medium-sized stocks; The simultaneous strengthening of dividends and technology may continue in the short term, and the short-term growth and value are balanced; In the medium term, it may be biased towards technology and growth. (2) Based on the macro-environment orientation, profit and prosperity expectation orientation, PB-ROE orientation and PEG orientation, it is suggested to pay attention in the second quarter: First, TMT, Electric Power, Machinery, Automobile, etc. with upward profit and prosperity and high valuation cost performance; Second, buildings, banks, transportation and consumption that benefit from policy and economic restoration.