[car home Information] Recently, we learned from relevant channels that Buick’s product launch plan in 2024, the new (|)S was launched on March 21st, and Angkor Plus is expected to complete its launch in March. LaCrosse and Weilang Pro changed their age in July and the end of October respectively. In terms of new energy, the GL8 plug-in version will be released at the Beijing Auto Show in April and listed at the end of August. Buick E5/E4 will be updated with ADAS/VCS in August, and a new energy vehicle named Buick V6 will be launched.

Cash lacrosse

"Cash!Weilang Pro』

　　In the mid-term, the Angkor family will be changed. The new car will adopt the latest family front face, the body is slightly shorter than the current one, and the interior is equipped with an integrated curved screen of EYEMAX. It is expected that the official guide price of the new Angkewei family will also be lowered, and the price of the entry-level model may drop to 169,900 yuan. At present, the news about the modified LaCrosse model has not been exposed. Considering that it is a modified model of the year, it is expected that the appearance and interior will not change much, and it is expected to be listed in July. It is expected that the redesigned Weilang Pro will adopt a design similar to that of LaCrosse and Regal, and will be launched at the end of October.

　　Judging from the spy photos of Buick GL8, its appearance and interior design are closer to Buick Century, and its comprehensive cruising range is expected to exceed 1000km. It will be seen at the Beijing Auto Show in April. The new car is expected to be equipped with a plug-in hybrid system consisting of 1.5T engine and P1+P3 motor.

　　SAIC-GM VCS intelligent cockpit system will launch an upgrade platform equipped with Snapdragon 8195 chip. At present, Buick’s models use Qualcomm Snapdragon 8155 chip more, and Buick E5/E4 is expected to adapt to the 8195 chip with stronger performance. There is little information about Buick V6 at present. What is certain is that it will be a new energy vehicle with a cruising range of 430km-450km. (Source: online auto market; Compile/car home yaoyu)

21st century business herald reporter Zuo Maoxuan reports from Shanghai.

After several twists and turns, the smart electric vehicle brand jointly built by Baidu and Geely has gone beyond the limit, and finally started the market-oriented stage.

On October 27th, its first model, Extreme Yue 01, was officially launched. This time, two models, Extreme Yue 01 Max and Extreme Yue 01 Max Performance, were launched, and the price was 249,900 ~ 339,900 yuan.

Among them, the most concerned high-order intelligent assisted driving function "ROBO Drive Max", which is regarded as the core competitiveness of Chaoyue, supports 980 yuan’s subscription on schedule/month, or a one-time buyout of 49,900 yuan.

Extreme leap is an important carrier of Baidu’s dream of building a car.

In January 2021, Baidu announced the establishment of a smart electric vehicle company with Geely. In March, Jidu Automobile was formally established with a registered capital of 1 billion yuan. Baidu and Geely held 55% and 45% of the shares respectively, and received over 300 million US dollars in start-up funds.

At the Guangzhou Auto Show at the end of 2022, the first automobile robot ROBO 01 of Jidu was officially unveiled. It was built based on Geely’s vast SEA architecture, and the intelligent scheme mainly came from Baidu.

Limited by the qualification problem, Jidu Automobile almost fell silent in the first half of this year.

Until August 14th this year, Geely Holding Group released official information and announced the strategic upgrade of cooperation with Baidu. Its brand-new automobile robot brand "Extreme Yue" was officially released, and its first model was officially named "Extreme Yue 01".

"Extreme Yue" is born out of Jidu Automobile, and follows the brand logo of Jidu Automobile. Extreme Yue 01 is the first production car ROBO 01 of Jidu.

The company behind Jiyue brand is Hangzhou Jiyue Automobile Technology Co., Ltd., which was formally established on August 9 this year. Zhejiang Geely Investment Holding Co., Ltd. and Shanghai Mihang Automobile Co., Ltd., which is wholly owned by Baidu, jointly hold shares, with the dual shareholding ratio of 65% and 35% respectively.

Although the equity has changed, the division of labor has not changed: Geely is responsible for vehicle manufacturing and Baidu is responsible for AI empowerment.

Extreme Yue seems to be the product of a "strong alliance" and regards Tesla as the goal of his own challenge.

"From beginning to end, we wanted to have a fight with Tesla." On October 28th, Xia Yiping, CEO of Extreme Vietnam, stressed in an interview with 21st century business herald.

In his view, although players in the industry want to benchmark Tesla, no one can shake its position yet. And the more intelligent the price is, the better the price/performance ratio is in the current industry.

Intelligence is regarded as the core competitiveness, which is similar to Tesla and Tucki.

However, as far as the moment is concerned, it is only now that it has entered the market, and the market challenges it faces are extremely severe. Whether facing "Wei Xiaoli" or Huawei, intelligence has become the main battlefield for various smart electric vehicle companies to compete. As a latecomer, Jiyue is facing the pressure of market competition, technology, supply chain and so on.

"Pure Vision" Intelligent Driving Scheme

The ultra-yue car said that the ultra-yue 01 is the world’s first AI car robot. This concept seems to be a gimmick, but it is also a way to emphasize one’s greatest characteristics as a latecomer to the market.

When Baidu and Geely jointly conceived to build a new brand, they had already made clear the special attributes of this new brand.

The main purpose of Baidu is to inherit the core competence of Baidu Apollo, and re-integrate and verify it, so that Baidu has a landing scene in the research and development of autonomous driving for many years.

Geely itself has a complicated brand sequence including Geely, Link, Volvo, Polar Star, etc. It does not need a new brand that is too close to the previous brand positioning, but hopes to make more attempts in intelligence, so as to explore more possibilities in the future automobile era.

In other words, Geely provides technical support for the "body" of the company, while Baidu is responsible for the "soul" of the smart car of the company.

Extreme Yue 01 is based on the vast architecture of Geely SEA, which has been applied in many brands such as Extreme Krypton, smart and Polar Star, and its performance and quality have been preliminarily recognized in the market.

Therefore, intelligent ability is the core competitiveness that Extreme Vietnam tries to focus on.

According to Extreme Yue, the intelligent driving of Extreme Yue 01 relies on the "pure vision" perception algorithm. Its pure vision perception architecture has 11 high-definition cameras, 12 ultrasonic radars and 5 millimeter-wave radars, totaling 28 intelligent driving sensors, and the laser radar is cancelled.

This scheme named "ROBO Drive Max" is the first "pure vision" scheme in China to get through the network occupied by BEV+Transformer+OCC. On a global scale, it is also the second car company to adopt a pure vision solution after Tesla FSD.

According to Xia Yiping, at the beginning of this year, Extreme Vietnam made a lot of evaluations when it planned to take off the lidar and adopt a pure vision algorithm, especially in the early days, and it also expected the local experience to decline. However, from the perspective of cost and optimization of computing power, the pure vision scheme was finally adopted.

Xia Yiping believes that going to lidar is not an inevitable result, and there are always repeated in the process of technological development.

"Under the current laws and regulations, it is of no value to be too aggressive in autonomous driving. The first step is to model the whole vision algorithm. The future vision model must be more general, not a simple concept of automatic driving, but more a concept of general artificial intelligence. This is a long-term development trend and irreversible. " Xia Yiping said.

In his view, the advanced intelligent driving function at this stage should start from the scenes used by users every day, not just "showing off skills".

According to reports, ROBO Drive Max includes point-to-point navigation assistance PPA+ parking service AVP+ROBO Drive full function.

Point-to-point pilot-assisted PPA, with high-order intelligent driving assistance capability covering high-speed and urban scenes. When PPA is started, it can complete a series of functional scenes such as autonomous lane change overtaking, getting on and off ramps, obstacle avoidance in and between lanes at high speed and overhead. In urban roads, zebra crossings and traffic lights can be accurately identified, and driving tasks such as courtesy to pedestrians, unprotected left turn and avoiding non-motor vehicles can be completed.

In parking service, it can not only identify various types and complex parking spaces, but also support a distance of up to 2 kilometers. Both indoor and outdoor parking lots can be used, and it can support the parking of any parking space on the same floor to the entrance and exit of the parking lot.

It is understood that this year, ROBO Drive Max will open the high-level intelligent driving function in the urban area to all users in Shanghai, Shenzhen and Hangzhou, and PPA can be used in 90% of the high-speed viaducts in the country. In 2024, PPA will gradually open 200+ cities nationwide.

However, as far as the more complicated traffic environment in China is concerned, whether this pure vision scheme can work depends on the subsequent effect on the actual road before we can make a judgment.

In terms of intelligent cockpit, Extreme Yue 01 was first equipped with 8295 chip of Qualcomm’s 4th generation Snapdragon digital cockpit platform, and dual NPU(60TOPS) was fully enabled for the first time. In addition, Extreme Yue has also integrated the large-scale model capability of ERNIE Bot, making it the first smart car in the world with a large model.

Just from 0 to 0.1.

"I firmly believe that from yesterday, the entire new energy automobile industry will be divided into pure new energy vehicles and smart cars." On October 28th, Xia Yiping said in an interview with 21st century business herald.

He believes that the difference between the two lies in the different requirements for mastering the core technical capabilities. One is dominated by technology companies, which have the ability to calculate and master the core of the algorithm; One is dominated by the traditional mechanical performance companies of Sanpower in the past. This has undergone a watershed change.

"I don’t think we have entered a’ Red Sea’ battlefield. I think we still have to open up a new battlefield." Xia Yiping said.

Although the current competition in the smart electric vehicle market is extremely fierce, he believes that Extreme Vietnam still has market opportunities.

At the same time, Xia Yiping also said that it is only from 0 to 0.1 to build the car, and it is necessary to improve the systematic ability of production capacity, supply chain and channels.

Of course, the most direct problem now facing Xiayi Plane is how to sell more cars.

In the laying of sales channels, Jiyue has also been questioned by many outsiders. Since the end of last year, Jiyue has started to build offline stores, some of which are in the core business districts with high rents such as Lujiazui in Shanghai and Sanlitun in Beijing. At that time, it was still a long time before the first production car.

Xia Yiping said frankly that opening a store in advance without a car and being vacant there put a lot of pressure on the brand. For a startup, it is actually a very difficult decision.

"Opened a store, no mass production, can only put engineering vehicles over there, also can have an impact. But how can you promote your brand if you don’t open a shop? How does user cognition come about? If you promote it too early, there will be another problem. Without products, everyone says that you build a car with PPT. " Xia Yiping said.

From the perspective of market volume, although the company has gained a certain social awareness by building a store in the bustling business district, compared with other car companies that already have a certain sales volume in the market, despite relying on Geely and Baidu, the brand awareness of the company is still insufficient.

Next, Extreme Vietnam will still speed up the channel construction.

According to reports, at present, there are nearly 50 sales stores in Vietnam, and it is planned to reach more than 100 by the end of this year, and more than 250 sales stores will be laid next year; On the after-sales side, direct stores and authorized stores are spread out in two ways.

Regarding the sales forecast, Xia Yiping said that at present, Extreme Vietnam is still in the stage of capacity climbing, and another model will be released soon. The climbing process may last for more than one year, and it is expected to reach the goal of monthly sales of 10,000 vehicles in 2025. Extreme Vietnam plans to produce a new car every year, and accelerate it in the third and fourth years, and more models will come out.

Where is the road to cooperation between Baidu and Geely?

Judging from the current public situation, the more successful it is to enter the market, it means that the cooperation between Baidu and Geely has entered a new stage.

In fact, with the development of intelligent new energy automobile industry, the cooperation between technology and automobile industry is getting closer and closer. However, it is the first new car-making enterprise in the true sense to be jointly funded and incubated by Internet giants and traditional car companies.

Unlike Huawei, which has attacked the city in the automobile industry in the past two years and held hands extensively, Baidu entered the smart driving track earlier, but due to the lack of representative products, its cognition in the hearts of ordinary consumers is not strong.

The emergence of the extreme leap may make up for some shortcomings in this respect, but a series of new puzzles have not been completely uncovered.

In addition to providing intelligent technology, what kind of attitude will Baidu participate in the road of building cars in the future? Among the many sub-brands of Geely Holding, what kind of identity will Extreme Yue play? Is there more room for imagination in the cooperation between Baidu and Geely after passing the extreme leap?

For many questions, it seems that we have to wait until what kind of market achievements we can achieve before we can have a chance to imagine a longer future.

Interestingly, on the same day that Extreme Yue 01 held a listing conference, Extreme Krypton also held a listing conference for the new car Extreme Krypton 001 FR.

Regarding the difference between Extreme Yue and Extreme Krypton, An Conghui, CEO of Extreme Krypton Intelligent Technology, said in an interview with 21st century business herald that although they share a vast infrastructure, the needs of each brand are different, from performance, configuration and material application to design, adjustment and user expectations. Products may overlap, but they must belong to different market segments.

Of course, from now on, Extreme Vietnam has just entered the knockout stage. Although it is backed by Geely and Baidu, it is destined that a few new car-making enterprises in China will survive in the end, and Extreme Vietnam has not taken the lead.

However, compared with other new car-making enterprises, Jiyue can rely on Geely in platform development and factory construction, and the level of intelligence is empowered by Baidu, so the demand for funds may have an advantage.

However, new car-making enterprises will be in a strategic loss stage for a long time, and they need more support in the capital market.

At present, there are only two shareholders, Baidu and Geely. However, 21st century business herald reporter learned from people familiar with the matter that Vietnam also hopes to raise funds from abroad.

According to Xia Yiping, there will be new financing actions early next year, which will be announced at that time.

For more information, please download 21 Finance APP.

　　[Design Decoding] Driven by favorable policies and future development trends, more and more enterprises have begun to enter the team of new energy vehicles. In addition to the brands we are familiar with, Weimar Automobile and so on, there are many enterprises in the embryonic stage, and these new vehicle-making enterprises not only help the rapid development of new energy, but also promote the traditional car enterprises to further develop new energy. Today, our protagonist is the high-end pure electric vehicle launched by the traditional OEM. In the future, it will cut into the market segment to meet the needs of consumers for high-end SUVs.

　　Different from the pure electric vehicles such as ERX5 launched by Roewe before, MARVEL X is not a pure electric vehicle based on the replacement of powertrain for gasoline models, but a completely independent new model. Moreover, not only MARVEL X, but also MARVEL owned by Roewe will have a series of new energy vehicles focusing on the mid-to-high-end market in the future. From the design idea of this MARVEL X, we can see the difference between this MARVEL series and ordinary Roewe pure electric vehicles in the future.

● Appearance and coincidence 90%

　　MARVEL X was designed by the SAIC design team led by Shao Jingfeng, the design director of SAIC. At present, Roewe’s flagship pure electric SUV almost completely retains the previously released concept car in design. It is understood that the appearance overlap between the production version and the concept car is as high as 90%, so the MARVEL X in front of us looks very avant-garde.

　　At the beginning of MARVEL X design, the team led by Shao Jingfeng found the right direction and positioning. As the representative of Roewe brand pure electric SUV, it will enter the eyes of consumers. Different from the previously released pure electric vehicles such as ERX5 and Ei5, it will face the mid-to high-end market. The specific market demand throws them a difficult problem, and how to build a car that is more in line with this market demand is what this team needs to do. Then, after numerous brainstorming, they finally determined three key words to achieve this goal: strengthening brand recognition, emotional design and shaping a sense of high quality.

　　After the evolution of RX5, RX3 and i6, the rhythm design of Roewe brand has been well received by consumers, while the overall design idea of MARVEL X continues the concept of rhythm, and we can see the familiar Roewe from the design of the front of the car. The huge wingspan grille has been preserved in this pure electric SUV, and the front grille shape has not been cancelled like other new energy vehicles. This design style seems to make the whole car more powerful. The addition of light arc lights outside the grille not only enhances the visual effect, but also further deepens the brand image. Together with the "Arrow Feather", it will have a deep impression at first glance.

　　In the design of MARVEL X, there are also many similar design elements on RX5 and RX3, such as the waistline running through the car body and two arcs on the front and rear wheel arches, so that the sides will not look too rigid. The design of the rear of the car is not the same as that of the previous Roewe models. First, the license plate frame is moved down to the rear enclosure, and the rear of the car looks simpler. It also has a waist-closing design, and the lower plate looks quite solid.

　　We can see that in MARVEL X’s design language, dynamic modeling occupies a key position. MARVEL X, as an SUV, has a lower body than traditional SUVs, and the identity of pure electric vehicles also gives designers more room to play. Its visual center of gravity is more backward, and the low-cut, slender body with a small proportion of the rear window creates a visual feeling of diving forward. At the same time, the exaggerated surrounding decoration of the front and rear of the car also plays a role in increasing the sense of movement. However, this MARVEL X is more than just watching sports. In order to improve performance and fuel economy, its streamlined shape and optimized low wind resistance rearview mirror, together with the hidden door handle, have reduced it to 0.29Cd.

　　[Aika car SUV channel original]

　　Roewe RX5′ s monthly sales of 20,000 units can be said to have earned enough profits and eyeballs for SAIC. It must be said that SAIC’s accumulation in styling design in recent years has brought exquisite appearance to RX5, and another group of young people in the same R&D center have also created many topics for RX5 human-computer interaction system with their unique ideas. What kind of world is hidden under such a car that shines brightly?

　　The vehicle we shot this time is Roewe RX5 20T two-wheel drive Internet Smart Edition, equipped with a 1.5L turbocharged engine and a 7-speed dual-clutch gearbox, driven by front wheel drive.

I. Overview of Chassis

　　Similar to the chassis structure of many compact SUVs on the market, RX5 adopts McPherson independent front suspension and E-type multi-link independent rear suspension. The chassis of RX5 has no redundant guard plate to protect the parts, from which we can also see that it focuses on the positioning of urban road conditions. However, through analysis, we can still find that RX5 is worthy of its price and people’s attention in chassis structure and materials.

　　RX5 adopts a frame-type front subframe, which can not only improve the overall strength of the front of the car body, but also make the force on the front of the car body more uniform.

　　RX5′ s two-wheel drive vehicle adopts a rear subframe similar to H-shape, and almost all the connecting rods on the rear suspension apply force to the rear subframe, thus reducing the direct impact of suspension on the vehicle body. The rear subframe of RX5 four-wheel drive vehicle is structurally different from that of two-wheel drive vehicle.

Second, the front suspension analysis

　　RX5′ s McPherson independent front suspension is really nothing too surprising. Indeed, for most cars under 200,000 yuan on the market, it is too ordinary to adopt McPherson front suspension. However, the details of the RX5 front suspension still have its own special features.

　　On the whole, the front suspension adjustment of RX5 tends to be comfortable, and the damping spring can filter out most small vibrations, but for some relatively large vibrations, the response of the spring is a bit stiff. Usually, the relatively large vibration will be directly transmitted to the car, which makes people somewhat unprepared. However, thanks to this adjustment, RX5 has a good performance in controlling roll.

Third, the rear suspension analysis

　　RX5 adopts E-type multi-link independent rear suspension, which is also quite common in the same class. This multi-link suspension adopts a vertical and three horizontal conventional structure, and most of the connecting rods are stamped from steel plates, and there is not much innovation in the arrangement of connecting rods.

　

In today’s China film world, when people mention Bao Beier, they often think of those comedy characters who make people laugh. However, this versatile actor is not only a comedy genius, but his acting skills and career path are far more colorful than we thought. Today, we will review Bao Beier’s wonderful screen journey and see how he conquered the hearts of the audience step by step.

Bao Beier: The Transition from Comedy to Affection

Bao Beier first became famous for his comedy role, and his performance in "Sorry for Thailand" was impressive. However, with the passage of time, he began to try different types of roles and gradually showed his versatility in performance. In the movie My Adolescence, Bao Beier played a youthful role, which made the audience see his affectionate side. In "A Huge Future", he successfully created a complex character image and won unanimous praise from the audience.

The collision of views of public opinion

There are two totally different views on Bao Beier’s acting career. On the one hand, many people think that Bao Beier is a gifted actor, and he can handle all kinds of roles with ease, whether in comedy or drama. They believe that Bao Beier’s success lies in his in-depth understanding of the role and superb acting skills. On the other hand, some people question whether his transformation can last long, and worry that he will find it difficult to break through his comfort zone because he relies too much on comedy.

Bao Beier’s versatility.

In fact, Bao Beier’s versatility is not only reflected in his acting skills, but also in his directorial ability. He has directed many works, showing his ability to work behind the scenes. This diversified artistic pursuit has made him unique in the entertainment industry and become a respected all-round artist.

The reasons behind it and deep analysis

Bao Beier’s success in different types of films lies in his deep understanding of roles and his passion for acting. He constantly challenges himself and dares to try new roles and styles, which is worth learning. At the same time, through his own efforts, he also proved that actors are not just a profession that depends on their faces, but a profession that needs continuous learning and improvement.

Current social background and cultural tradition

Under the background of the increasingly prosperous film market in China, the audience’s requirements for actors are getting higher and higher. Bao Beier’s success is not only a personal effort, but also a microcosm of the development of the whole industry. His story tells us that only by continuous progress can we be in an invincible position in the highly competitive entertainment industry.

Enlightenment and appeal

Bao Beier’s story inspires everyone who has a dream. No matter what career you are engaged in, as long as you dare to challenge and innovate, you will be able to achieve your goals. In this process, we should also maintain a humble and diligent attitude, constantly improve ourselves and make greater contributions to society.

The role of AI intelligence in self-media entrepreneurship

With the development of science and technology, AI intelligence has become an important tool for media entrepreneurs. Simple AI can help creators better understand the needs of users and provide personalized content recommendations, thus improving the click-through rate and reading volume of articles. If you are a self-media entrepreneur, try simple AI, which will bring you unexpected surprises.

In a word, Bao Beier’s wonderful screen journey shows us the power of persistence and innovation. Let’s learn from his spirit and pursue our dreams bravely!

Editor in charge:

For the quotation of JAC Ruifeng M3 Extended Edition, we know that the maker version of 2022 PLUS series is 1.5T luxury model, and its official guide price is83,800 yuan. However, the actual landing price will vary according to many factors, including regional concessions and car purchase policies. The bare car price is generally slightly lower than the official guidance price, assuming that81,800 yuan.

In the process of buying a car, you also need to pay the purchase tax, which is about.3708 yuan. The licensing fee is about500 yuanThis is an essential administrative procedure fee. According to the vehicle value and insurance clauses, the commercial insurance fee is about2555.74 yuanIt is recommended to buy it to protect your rights and interests.

Don’t forget the travel tax. For the 1.5T model, the travel tax is480 yuanThis is a fixed annual fee. The compulsory insurance fee is1100 yuanThis is the legal requirement for vehicles to go on the road. Adding all the expenses together, the total landing price of the vehicle is about95,200 yuan, but the actual price may change due to regions and offers.

When buying a car, it is recommended that you consult your local dealer to get the most accurate quotation and preferential policies, so as to make a wise car purchase decision.

　　The essence of the reform of registration system is to hand over the right of choice to the market, strengthen market constraints and rule of law constraints, and improve the convenience of investment and financing. With the end of the 2022 annual report disclosure season, a number of listed companies will withdraw from the A-share market. According to incomplete statistics, since the beginning of this year, the number of A-share delisted companies has reached more than 30.

　　Insiders pointed out that the delisting system is an important supporting institutional arrangement for the implementation of the registration system. The regulatory authorities will further improve the delisting mechanism, improve the delisting standards and simplify the delisting process, which will help to create a good A-share market ecology under the comprehensive registration system, better protect the legitimate rights and interests of investors and provide a stage for the high-quality development of more high-quality enterprises.

　　Metabolism and delisting efficiency are improved.

　　At the end of 2020, in order to implement the Implementation Plan for Improving the delisting mechanism of listed companies, which was decided and deployed by the 16th meeting of the Central Committee for Deep Reform, the relevant departments formulated and formed four types of mandatory delisting indicators, such as trading, finance, regulation and major violations, and incorporated them into the new delisting rules. Nowadays, the delisting system is constantly playing the role of market "purifier".

　　According to the information released by Shanghai Stock Exchange, since the beginning of this year, 12 companies on the main board of Shanghai Stock Exchange have been locked out of listing, and 17 companies have been warned of delisting risks. The diversified delisting system has shown its power, delisting has gradually become normal, and the mechanism of survival of the fittest has become more stable.

　　According to the data of Shenzhen Stock Exchange, in 2022, a total of 24 companies in Shenzhen were forced to delist, and the number of delisted companies was close to the sum of the past three years. As of April 30, 2023, Shenzhen identified 20 delisting companies, the number of which was basically the same as that of the previous year, and the normalized delisting mechanism operated in an orderly manner.

　　So, what kind of companies will withdraw from the A-share market?

　　Some are difficult to win the favor of investors. Not long ago, the daily closing price of *ST Xiyuan shares for 20 consecutive trading days was lower than that of RMB 1 yuan, which touched the conditions for termination of listing. Behind the delisting of transactions is the deterioration of business conditions. Relevant reports show that *ST Xiyuan’s main business is missing, its operation is stagnant, its net assets are negative, its large debts are unable to repay, its major assets and subsidiaries’ equity are frozen by the judiciary, and there are many major uncertainties related to going concern.

　　Some information disclosure does not conform to the norms. In the audit report issued for the future of *ST, Asia Pacific (Group) Certified Public Accountants (special general partnership) said frankly: "We can’t obtain the upstream and downstream penetration data of customers and suppliers related to coal trade, the entry and exit data and logistics data of original suppliers and end users, and we can’t verify the authenticity and accuracy of income, and we can’t verify the authenticity, accuracy and recoverability of accounts receivable generated by coal trade. Due to the above restrictions on the audit scope, we failed to implement the necessary audit procedures to obtain sufficient and appropriate evidence for expressing opinions. "

　　Some of the main business income is lower than the listing requirements. *ST Shennan disclosed in the announcement that the company’s net profit before and after deducting non-recurring gains and losses in 2021 was negative, and the operating income after deducting business income unrelated to the main business and income without commercial substance was less than 100 million yuan. In 2022, the company’s audited net profit was negative and its operating income was less than 100 million yuan. This situation touches on the relevant provisions of the listing rules of Shenzhen Stock Exchange on the termination of listing.

　　There are also false records in the annual reports of listed companies for many years, and the actual controller was investigated by the Securities and Futures Commission for alleged information disclosure violations. These triggered the relevant provisions of "mandatory delisting for major violations".

　　"The delisting system is an important basic system of the capital market. Under the background of comprehensive registration system, timely realize the ‘ Jin ’ ‘ with the problem enterprise; Back ’ It is conducive to shaping a healthy and upward capital market atmosphere and better protecting the rights and interests of investors. " Ceng Gang, director of Shanghai Finance and Development Laboratory, told this reporter.

　　Serve entities and save financing resources.

　　Economic activity is a dynamic cycle process, and realizing a virtuous cycle of savings and investment is the most basic and important part. The data shows that from 2017 to 2021, the initial public offering (IPO) and refinancing amount totaled 5.2 trillion yuan, providing efficient financial support for strategic emerging industries and a large number of high-quality enterprises.

　　— — The delisting system plays a better role and can form a positive guide to the market.

　　According to Wang Yi, chief strategy researcher of Huatai Securities Research Institute, since the implementation of the new delisting rules, A shares have gradually formed a diversified delisting mechanism and played a role as a "purifier". On the issuing side, the new regulations have successfully cracked down on the malicious behavior of shell companies to avoid delisting through stricter financial audit. At the same time, the period from identification to delisting of shell companies will be shortened to two fiscal years to speed up the liquidation of problem companies. On the investment side, under the clear expectation of "all should be retired", the speculative mentality of companies with small market value and poor performance has been effectively curbed, and the risk events of listed companies have been paid more attention to, and the investment concept has become more mature.

　　"Relevant data show that since the implementation of the new round of delisting reform on December 31, 2020, the pace of delisting has obviously accelerated. In 2021, 17 companies were forced to withdraw from the market, and in 2022, 42 companies were forced to withdraw from the market. The number of delisting companies in these two years accounted for 40% of the total number of delisting companies in the past 30 years." Wang Yi told this reporter that the withdrawal of problem companies means that more funds will be invested in high-quality companies, and the rate of return on irrational investment will be further reduced, which is conducive to guiding the whole market to form the concept of value investment.

　　— — The delisting system plays a better role and can allocate financial resources efficiently.

　　Zhao Xijun, co-dean of China Capital Market Research Institute of Renmin University of China, said in an interview with this reporter that delisting companies generally have problems such as poor operating conditions, false financial data, and doubtful ability to continue operations.

　　Zhao Xijun believes that the comprehensive registration system has opened the door to accelerated development for more high-quality enterprises. The timely withdrawal of "sick" enterprises from the capital market will play a warning role for the whole market, so that listed and unlisted enterprises can strengthen their awareness of legal compliance and dispel the lucky psychology of "circling money on the market" and "getting something for nothing", thus purifying the market ecology and improving the overall quality of listed companies. Not only that, the delisting system will play the role of "purifier", and it will also enable enterprises that really do business in a down-to-earth manner to obtain a good direct financing environment, thus driving the development of the industry and even the upstream and downstream industries, and realizing the ultimate goal of the capital market to better serve the high-quality development of the real economy.

　　"The delisting system, the issuance system, the trust system and the trading system together constitute the basic system of the capital market. To ensure the good operation of the delisting system is to better allocate valuable financial resources to the places that enterprises really need and promote them to create greater value. " Zhao Xijun said.

　　Support the superior and limit the inferior, and the supervision is not loose.

　　Promoting the high-quality development of listed companies is a complex systematic project and a long-term and arduous task. The CSRC stressed that it is necessary to adhere to the supervision orientation of supporting the superior and limiting the inferior, and further support the head enterprises with outstanding main business and strong competitiveness to become superior and strong, and play a leading role in demonstration; For those who unilaterally pursue diversified development, strictly supervise their mergers and acquisitions and financing behavior; For "shell" and "zombie" enterprises whose main business is shrinking and they do not have the ability to continue to operate, the compulsory delisting system will be strictly implemented and the liquidation will be resolutely promoted.

　　What are the new highlights and trends in the implementation of delisting system? The reporter interviewed Shanghai Stock Exchange and Shenzhen Stock Exchange respectively.

　　According to the relevant person in charge of the Shanghai Stock Exchange, the Shanghai Stock Exchange has carefully formulated and implemented the Work Plan for Auditing the 2022 Annual Report of Venture Companies in Shanghai Stock Exchange, and promoted the supervision of venture companies in stages and with emphasis according to the principle of "moving forward, grasping early and grasping small". On the one hand, through supervision means such as inquiry, interview and on-site inspection, we will crack down on evading delisting; On the other hand, according to the regulations, we will push forward the major illegal delisting of companies such as *ST Amethyst and *ST Zeda as soon as possible, and implement investor protection measures.

　　"Under the background of the reform of the comprehensive registration system, the Shanghai Stock Exchange will continue to adhere to the main business of supervision and smooth the delisting of enterprises ‘ Exit ’ , and constantly improve the delisting risk identification, delisting risk warning, delisting disposal cooperation, delisting decision implementation, delisting business safety operation, delisting supervision and honest supervision and other major delisting mechanisms, and give full play to the joint efforts of supervision to ensure ‘ Retreat, retreat steadily ’ . At the same time, establish a sound evaluation mechanism for delisting system, regularly summarize and evaluate the implementation of delisting indicators, continuously improve the pertinence and effectiveness of delisting indicators, and promote the deepening of delisting system reform. " The person in charge said.

　　The relevant person in charge of the Shenzhen Stock Exchange said that in order to deal with the delisting risk steadily, the Shenzhen Stock Exchange found out the delisting risk base in advance, strengthened the delisting risk monitoring, kept a close eye on the key issues of key companies, and adopted various measures such as interviews and inquiries according to regulations, clarified the regulatory attitude, conveyed the regulatory guidance, and urged the "key minority" of the company and accountants to perform their duties diligently, return to their posts and fulfill their duties, and solidly promoted the delisting supervision work.

　　"At the beginning of January this year, Shenzhen Stock Exchange issued the Notice on Strengthening the Information Disclosure of the 2022 Annual Report of Delisting Risk Companies on the basis of summarizing the previous supervision experience of delisting and fully evaluating the implementation effect of the new delisting regulations. Focusing on the key issues such as operating income deduction, non-recurring gains and losses identification, audit opinion types and abnormal financial treatment, information disclosure is the starting point to urge companies with delisting risks to continue to make risk warnings, strengthen the disclosure of annual reports and audit progress, and guide the market to form reasonable expectations. At the same time, delisting decisions are made in strict accordance with delisting standards and procedures, and relief procedures such as hearing and review are provided. " The person in charge said that next, the Shenzhen Stock Exchange will continue to pay close attention to front-line supervision, maintain the normal order of the market, protect the legitimate rights and interests of investors, and promote the long-term healthy and stable development of the capital market.

　　Zhu Haibin, general manager of the research center of open source securities North Exchange, said that under the comprehensive registration system, listed companies need to continuously strengthen corporate governance, and companies to be listed should improve the quality of information disclosure. Enterprises that have been delisted should also reflect on it in time, do a good job in information disclosure in the delisting sector and seek positive changes in their main business. At the same time, securities companies, accounting firms, law firms and other intermediaries should also perform their respective duties, give full play to their respective professional advantages, and undertake the responsibility of checking and supervising the relevant listed entities, so that the capital market can truly form a virtuous circle of survival of the fittest. (Wang Junling)

　　How does the "Digital Silk Road" help realize the goal of sustainable development? Guo Huadong, an academician of the China Academy of Sciences, said here on the 7th that the realization of sustainable development goals and specific indicators requires actions at the global, national and local levels, and big earth data can provide information, goals and assistance for these efforts and activities.
　　The second Digital China Construction Summit is being held in Fuzhou, and the A-class strategic pilot science and technology project "Earth Big Data Science Project" of China Academy of Sciences brought scientific research results to the summit.
　　Earth big data is the big data formed by the intersection and integration of earth science, information science and space science and technology. The data comes from but is not limited to space-based observation data, but also includes land, ocean, atmosphere and data related to human activities.
　　Guo Huadong, head of the project, chairman of the Digital Silk Road International Science Program and academician of the Chinese Academy of Sciences, was interviewed by a reporter from China News Service during the summit, and talked about how to conduct research based on the global big data project and the digital "Belt and Road" project to provide decision support and technical support for the United Nations Sustainable Development Goals (SDGs).
　　Guo Huadong pointed out that big data on earth is one of the key core technologies to realize the 2030 Agenda for Sustainable Development. It is the common demand of the countries along the Belt and Road to bring the global big data into the process of sustainable development and realize the coordinated development of society, culture, environment and ecology in the region and across countries through the advanced scientific and technological support of the global big data.
　　In 2016, China scientists initiated the Digital Silk Road International Science Program (DBAR) to realize the scientific service of global big data in the sustainable development goal of "Belt and Road" by sharing data, experience, technology and knowledge, and 53 countries, international organizations and international programs participated in it. At present, China Academy of Sciences has allocated more than 200 million yuan in the next five years to support the implementation of the DBAR plan.
　　"The DBAR plan will systematically monitor the status quo and evolution pattern of different ecosystems in the Belt and Road, including grasslands, forests, glaciers, cities, farmland and coastal zones." Guo Huadong said that the continuous accumulation, opening and sharing of global big data is an important resource and driving force to promote the development of digital "Belt and Road" scientific and technological innovation.
　　In January 2019, the DBAR earth big data system platform was officially launched. The system includes thematic data sets such as resources, environment, climate, disasters and heritage in the "Belt and Road" region, and 57 types of independent intellectual property data products. The shared data exceeds 120 trillion bytes, which can realize the browsing of basic geographic data throughout the "Belt and Road".
　　In January 2018, China Academy of Sciences launched the A-class strategic science and technology pilot project "Earth Big Data Science Project", aiming at building the world’s leading Earth Big Data platform and database, and promoting technological innovation, major scientific discoveries and one-stop all-round macro-decision support of Earth Big Data.
　　Guo Huadong said that in 2019, the core work of the Global Big Data Project will be the construction of "five balls, one satellite, one facility and 6SDG", and research will be carried out on several SDG targets, and efforts will be made to promote the monitoring and evaluation of six SDG indicators of the Global Big Data Service SDG2 Zero Hunger, SDG6 Water Resources, SDG11 Urbanization, SDG13 Climate Action, SDG14 Marine Ecology and SDG15 Terrestrial Ecology.
　　According to Guo Huadong, from 2018 to 2019, the earth big data technology was specially used to dynamically monitor the construction status of 127 overseas industrial parks in China from the establishment of the park to the end of 2018, and to monitor and evaluate the distribution pattern, development trends, construction status, resource endowment, risk status, ecological environment and socio-economic impact of overseas industrial parks in China.
　　At the same time, help those developing countries without technical and financial resources to monitor their urban development and study the relationship between land use rate and population growth rate; The evolution characteristics of giant panda habitat in China in recent 40 years were evaluated, which provided methods and data support for the realization of the biodiversity goal of SDG15 of the United Nations. Customize the special Portuguese agricultural monitoring system, carry out detailed agricultural monitoring training for Mozambique, and continuously provide solid technical support and decision support for promoting technological innovation in the field of earth big data and achieving SDGs goals.
　　

　 　 16 days after the acquisition plan was rejected, Gree gave up the acquisition of Zhuhai Yinlong. This result is unexpected to many people.

　　Even when rumors were flying, Dong Mingzhu, the chairman of the board, didn’t reveal the idea of "giving up making cars" at all. However, a sudden announcement made Gree "build a car" come to an abrupt end.

　　"Gree’s fundraising plan was previously rejected by minority shareholders at the shareholders’ meeting. Since then, Gree has indicated that it will change the plan, but its source of funds for the acquisition of Zhuhai Yinlong is inconclusive, which makes the acquisition very uncertain. However, this result is still a bit surprising. Gree’s attitude in building a car was very firm before. " The industry believes that.　

　 　On the evening of November 16th,gree electric appliancesThe announcement said that the company decided to stop planning to issue shares to purchase assets.

　　Gree Electric’s acquisition plan for Zhuhai Yinlong has been controversial since its birth. Three months ago, Gree Electric announced the acquisition plan, announcing the acquisition of 100% equity of Zhuhai Yinlong by issuing shares. After the acquisition, Zhuhai Yinlong will become a wholly-owned subsidiary of Gree Electric. However, the acquisition plan was "voted with their feet" by minority shareholders.

　　At the end of October, Gree’s overall plan to acquire Yinlong and raise funds was finally rejected at its extraordinary shareholders meeting. However, Gree did not disclose his willingness to give up the acquisition. Gree Electric issued an announcement, acknowledging that the proposal on the issue of shares to purchase assets was not passed as a whole, and said that it planned to continue to push forward the issue of shares to purchase assets, and reduce or cancel the matching raised funds. At that time, Gree insiders also said in an interview that they would continue the acquisition, but it would take time to adjust the plan.

　　It is reported that the optimized and adjusted plan will be resubmitted to the board of directors and shareholders’ meeting for deliberation, and the announcement date of the resolution of the board of directors will be taken as the benchmark date for issuance pricing.

　　After Gree’s acquisition plan was rejected, there was an episode in which Dong Mingzhu, the chairman of Gree Electric, changed his position at Gree Group level, causing a sensation in the industry. For a time, people in the industry speculated on the reasons why Miss Dong left the group. Some insiders believe that this may be related to Gree Electric’s acquisition of Zhuhai Yinlong.

　　However, judging from the current actions of Gree, "Miss Dong" gave up making cars in a short time.

　　But this does not mean that Gree does not need to find new profit growth points as soon as possible. Looking at Gree Electric’s annual reports in recent years, we can see that in 2015, Gree Electric’s performance continued to grow, and Gree Electric’s revenue and net profit decreased by 29% and 11% respectively, which was the first time that Gree Electric’s performance declined since its listing. In the first half of 2016, the decline in the company’s performance narrowed.

　　At the same time, "Miss Dong" has repeatedly revealed in public that the air-conditioning industry has entered a saturated stage, intelligence will enter a golden age in the next five years, and Gree has entered a diversified era. Today, Miss Dong enters Gree.intelligent automobileThe promotion of the field has been hindered by many obstacles.

　　"This does not mean that Gree will give up the diversified layout, and the smart industry is still Gree’s new layout direction and future profit growth point." Gree insiders said.

　　This may be another beginning for Gree.

Geely’s 2025 Xingyue L Dongfang Yao will be launched on October 27th. The new car is suspected to be exposed, and both models are equipped with 2.0T high-power engines. According to the sales, the pre-sale of the two-wheel drive version is 158,000, and the pre-sale of the four-wheel drive version is 168,000.

The 2025 Xingyue L is equipped with a new style straight waterfall grille+silver brand LOGO, adding a white interior, canceling the physical buttons below the central control screen, and moving the wireless charging board to the front of the armrest box; Upgrade headrest audio, seat massage, two-row electric seats, CDC variable damping suspension.

The 2025 Xingyue L is equipped with a 2.0T high-power engine, with a maximum power of 175kW and a peak torque of 350N·m, matching an 8-speed automatic manual transmission. The comprehensive fuel consumption per 100 kilometers of two-wheel drive and four-wheel drive models is 7.79L and 8.59L respectively.