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From brand release to IPO, it took 37 months. It takes less than 12 months from listing to planned delisting.

On May 7th, Geely Automobile announced that it would buy all the shares issued by Krypton.

Geely originally holds 65.7% of the shares of Kykrypton. If this acquisition is completed, Kykrypton will be completely merged with Geely Automobile, and then delisted from the New York Stock Exchange and become a wholly-owned subsidiary of Geely Automobile.

Geely did this mainly to implement the Taizhou Declaration. "Taizhou Declaration" mentioned that we should focus on the main automobile industry, improve the efficiency of resource utilization, and let all brands develop synergistically.

From the practical benefits, the privatization of Krypton will enable Geely to have a unified listing platform, integrate the assets and resources of Krypton, and enhance the competitiveness of passenger car business.

Geely’s offer this time is quite sincere, with $2.57 per krypton share or $25.66 per American Depositary Share.

This price is about 13.6% higher than the closing price of American Depositary Shares on the New York Stock Exchange on the last trading day, and 20% higher than the weighted average price of the past 30 trading days.

Such a high premium shows that Geely attaches great importance to krypton and recognizes its value. As soon as the news came out, the pre-market share price of Krypton US stocks rose by over 11%, which was close to the price given by Geely.

Speaking of it, the speed of listing krypton is called a fast one.

In 2021, Krypton became independent from the pure electricity department of Lectra. In just 37 months, it successfully landed on the New York Stock Exchange on May 10, 2024, becoming the fastest listed new car manufacturer in China.

If you close for a long time, you will be divided, and if you close for a long time, so will car companies. However, it was extremely krypton that was independent from Lingke before, and now it has become extremely krypton "swallowing" Lingke. After all, the name of the two merged companies is extremely krypton.

But who would have thought that less than a year after listing, it will be delisted again, and the reasons behind it are quite complicated. On the one hand, from the perspective of Geely’s own development strategy, integrating resources and returning to "one Geely" is the key.

Geely has successively integrated many businesses before, such as Geely Geometry, Wing Zhen and Radar, which were merged into Geely Galaxy, and Link merged into Krypton to establish Krypton Technology Group.

On the other hand, it is the influence of the big environment. The topic of the return of Chinese stocks has been hotly debated by everyone. The privatization and delisting of Krypton just happened to catch up with this trend and became the "first share" of the return of China Stock Exchange.

Although the listing speed of Krypton is extremely fast, its performance in the US stock market is hardly satisfactory, which also makes it difficult for the institutional funds behind Krypton to get returns and even get stuck.

Say a few more words

At present, the pressure of brand development is not small. The target sales volume of Extreme Krypton Technology Group this year is 790,000 vehicles, including 390,000 vehicles of Lingke and 320,000 vehicles of Extreme Krypton. Judging from the sales data of the first four months, the situation is not very optimistic.

The brand sold 100,000 vehicles in the first four months, achieving 25.6% of the annual target. As for Krypton, the cumulative sales volume in the first four months was only 55,000 vehicles, only 17.2% of the annual target sales volume was completed.

In April, the monthly sales volume of Krypton was even worse, reaching 13,727 vehicles, down from the same period last month, down by nearly 15% year-on-year and down by 11% month-on-month.???

2024.08.23

The number of words in this article is 2372, and the reading time is about 4 minutes.

Author |First Financial Zheng Na

Xu Binhuai, the new president of Country Garden Service, probably didn’t perform very well in the first semi-annual report. At the same time, the cash flow dropped sharply.

According to the data disclosed by the company, in the first half of 2024, the total service revenue of Country Garden was about 21.046 billion yuan, a year-on-year increase of about 1.5%. This growth rate is significantly lower than the same period in 2021 -2022, and also lower than the 3.4% increase in the same period in 2023.

Specifically, the income from property management services, as the basic business, reached 12.75 billion yuan, up 4.6% year-on-year, accounting for about 60.6% of the total income; The income from community value-added services was about 1.998 billion yuan, and the income from "three supplies and one heat" business was 3.345 billion yuan, both of which increased year-on-year.

The income of the other three major businesses declined. Among them, non-owner service income was about 356 million yuan, down 63.4% year-on-year, and urban service business income was 2.17 billion yuan, down 9.4% year-on-year; The revenue from commercial operation service business was 332 million yuan, down 37.9% year-on-year.

Although the overall income has increased, the increase in various service costs and sales costs has led to thegross profitAnd gross profit margin were dragged down. By the end of June, the gross profit of Country Garden services was 5.553 billion yuan, down 13.7% year-on-year, and the overall gross profit margin was about 21.2%, down 3.7 percentage points year-on-year.

Regarding the decline in gross profit margin, Country Garden Service said that, on the one hand, due to the principle of prudence, after providing services to a number of customers whose credit risks have increased significantly since August 2023, the received consideration will be recognized as income when the performance obligations have been fulfilled and the customer’s consideration has been received; On the other hand, due to external unfavorable factors, enterprise management factors, different gross profit margins of various businesses, changes in their proportion in total revenue and active improvement of service quality, the gross profit margins of other businesses except property management and other related services in the "three-supply-one-industry" business segment decreased.

Huang Peng, CEO and CFO of Country Garden Services, further explained at the performance meeting that the company took the initiative to reduce the pressure on some businesses, which lowered the gross profit and gross profit margin. For example, in commercial operation services, in order to cooperate with risk merchants for debt processing,property; assetsThe need for disposal, the two sides negotiated to cancel the contract to dispose of some business, resulting in the company’s loss of more than 1 billion yuan in business management operating income and nearly 100 million.net profit.

Under the multiple influences, the profit performance of Country Garden service also declined by over 30%. As of the end of the reporting period, the company achieved a net profit of 1.546 billion yuan, a year-on-year decrease of 37.9%; The profit attributable to shareholders of the company was about 1.44 billion yuan, a year-on-year decrease of 38.7%; The core net profit attributable to shareholders of the company was 1.84 billion yuan, down 31.7% year-on-year.

The sharp drop in net profit has further affected the cash flow performance of Country Garden services. By the end of June, the company’s net cash from operating activities was about 270 million yuan, a sharp drop of 87.7% compared with 2.192 billion yuan in the same period of last year.

Country Garden Service explained that, on the one hand, it was affected by the year-on-year decline in net profit, and on the other hand, because the business of venture merchants and small business owners did not grow as fast as the scale, the comprehensive charging rate decreased year-on-year, which led to an increase in accounts receivable; Affected by unfavorable factors such as the external environment, the pre-existing property fee decreased; The third is the periodic fund fluctuation caused by daily business activities.

Among them, accounts receivable increased significantly. According to the disclosure, as of the end of June, the trade receivables of Country Garden services were 21.958 billion yuan, an increase of about 2.4 billion yuan compared with the end of 2023. Specifically, accounts receivable aged over one year totaled 8.7 billion yuan, an increase of about 33% compared with the beginning of the year. Among them, the accounts for one to two years were about 6.077 billion yuan, an increase of 11.28% over the beginning of the year; 2.022 billion yuan in two to three years, an increase of 202.24% over the beginning of the year; Those with more than three years have about 601 million yuan, an increase of about 59% compared with the beginning of the year.

In order to cope with the rising accounts receivable, Huang Peng said that at present, a debt recovery committee has been set up, which is composed of company executives, to assign tasks and comprehensively promote various debt recovery through the implementation of strong organizational guarantee.

Xu Binhuai added that among the above three factors, the impact of the decline in operating net profit on cash flow is expected. "Due to the decline of non-owner value-added services and other reasons, when we made the business plan at the beginning of the year, the net profit target in 2024 was lower than that in 2023, and we think the current decline is relatively controllable. If the established net profit target can be achieved at the end of the year, then the cash flow target will have a new foundation. "

In addition, the phased increase in funds generated by daily business activities also has an impact on cash flow. For example, Xu Binhuai said, for example, in the first half of the year, he participated in the competition of more market expansion projects, which resulted in a relatively large investment in margin. He stressed that this is not the reason why cash flow is unhealthy. In the second half of the year, while strengthening expenditure management, more attention should still be paid to capital inflows, that is, collection and prepayment.

Xu Binhuai said that in advance payment, it will increase the attractiveness of pre-storage of property fees in the second half of the year, such as organically combining integrated marketing business with pre-storage of property fees and promoting pre-storage of property fees through more activities.

Country Garden Service gives more countermeasures. Xu Binhuai said that in terms of small business owners, it is necessary to compact the responsibility, identify the precise reasons, use specific methods, and give greater inclination in management measures and incentives to ensure that small business owners return to a healthy level. "Judging from the operating results over the years, the collection of property fees always has a better performance at the end of the year than in the middle of the year, so at the end of the year, we hope to make up for the decline in the collection rate in the middle of the year, which is still relatively confident."

In terms of risk merchants, Country Garden Service has set up a special committee to recover arrears, which has given sufficient support from the board of directors to the highest level of management. Country Garden revealed that it has taken active measures to collect overdue accounts receivable, including but not limited to paying debts with assets, promoting litigation or arbitration, and achieved initial results.

Even so, Xu Binhuai still said, "Frankly speaking, it is still difficult for venture merchants to get cash back at present. We still lock their due rights and interests in various ways, which will gradually turn into cash flow in the second half of the year and in the future." He said that the realization of assets still needs a process.

In particular, he explained that in the first half of the year, Country Garden Service had made a lot of achievements in the management of risky customers, such as paying debts with assets, and a considerable number of assets had been paid off, but some processes were in the process of promotion, so they were not fully reflected in the cash flow statement.

Xu Binhuai also set a "military order" for the cash flow performance in the second half of the year. "We still have to make a beautiful turnaround at the end of the third quarter through powerful measures, thus forming a strong guarantee for the annual collection and recovery and achieving strong support for cash flow."

As for the annual report of Country Garden Services, Nomura Securities reported that the decline of the company’s performance was in line with expectations, but its weak cash flow was worrying. The net cash from the company’s operating activities dropped by over 80%, only 270 million yuan, accounting for about 1% of the interim income and 15% of the adjusted net profit, mainly because it was more difficult to collect property management fees. Nomura believes that the widening gap between cash flow and income/profit indicates that the risk of impairment loss is high, which is a factor affecting the company’s profit. Based on this, Nomura lowered the service target price of Country Garden by 25.9%, from HK$ 5.4 to HK$ 4, with a "neutral" rating.Wechat editor| Lamb

Ideal, sudden!

Beijing, April 13 (Reporter Zhou Yao) According to the News and Newspapers Summary of Voice of China, the Central Radio and Television General Station, the Ministry of Commerce has stepped up efforts to promote the integration of domestic and foreign trade in response to the impact of the US tariff abuse. A number of industry associations jointly issued a proposal, focusing on supermarkets and e-commerce platforms, giving full play to their respective advantages, promoting the linkage between domestic and foreign trade and expanding the domestic market.

It is mentioned in the proposal that wholesale and retail enterprises such as commodity markets, department stores, chain supermarkets and e-commerce platforms should open green channels, set up special areas and counters for domestic sales of foreign trade products, and hold exhibitions and sales activities of foreign trade excellent products to provide display and sales platforms for foreign trade enterprises. Subsequently, major domestic e-commerce platforms and retail giants responded one after another. On April 11th, JD.COM announced the export-to-domestic support plan. Box horse said that it will open the entry channel for domestic foreign trade enterprises and deal with it urgently 24 hours a day.

Song Wei, Senior Director of Public Affairs Department of Pinduoduo: We will increase support for small and medium-sized cross-border businesses, help them to stabilize production, reduce costs and increase efficiency, and cope with the risk of "going out to sea". We are determined to shoulder the costs and risks of the transformation and development of platform businesses, and also have sufficient strategic strength to cope with the uncertainty of the external market environment.

CR Vanguard said that it would open a "through train" for high-quality foreign trade enterprises, and Lianhua Supermarket stated that it would help China’s excellent commodities to return to the domestic market through a number of support measures such as "special entry concessions" and "tilt of marketing resources". Yonghui Supermarket issued an open letter, saying that if foreign trade enterprises have an inventory backlog due to blocked exports, the company will open a "green channel" to achieve rapid shelves in 15 days. He Congcong, the person in charge of Yonghui Supermarket, said that he has received positive feedback from foreign trade enterprises.

He Congcong: As of 4: 00 pm on the 12th, our special mailbox announced by Yonghui has received more than 200 emails from China supply chain enterprises, and entered the stage of procurement negotiation with more than 100 enterprises.

According to the Ministry of Commerce, the next step will be to build a platform for foreign trade enterprises to expand their domestic sales, and constantly enhance the confidence and confidence of foreign trade enterprises in China and China in coping with various risk challenges.

　　　　　　　　Last week, the mainland’s box office grossed 921 million yuan, of which the box office continued to slump from Monday (25th) to Thursday (28th), maintaining a state of continuous decline until the early arrival of the National Day file on Friday (29th), making the daily box office finally rebound to nearly 100 million yuan. On October 1st, the box office closed at 380 million yuan, up 34% from last year.

　

　　　　　　　　The top three in the weekly box office list were swept by three new films released only for two days, and the champion was won by the third work of "Mahua FunAge"; Sino-British co-productions performed well, ranking second; The new film directed by Jing Wong, which was not optimistic before, won the third place.

　

　　　　　　　　In terms of old films, before the release of the new film, "Rise of the Planet of the Apes: The Ultimate Battle", with a stable box office income of about 12 million per day, the total box office rose steadily, ranking sixth this week; The weekly box office was 34.27 million, surpassing the eighth place; The box office myth finally fell below one million in a single day this week, and the overall ranking fell out of the top ten.

　　

　　　　　　　　From September 25th to October 1st, there were 1.86 million screenings, with a total audience of about 27.81 million.

The advantage of "The Iron Fist of Shame" is obvious. The first day of the National Day file only exceeded 100 million yuan.

　　　　　　　　As the third comedy film of "Mahua FunAge", "Shameful Iron Fist" topped the weekly box office as soon as it was released. And in the first two days of the release, the film ranked first in terms of both the proportion of films and the attendance rate. It was also the only film with a box office of over 100 million on the first day of the National Day (September 30), with a box office of 133 million on the first day of the release. As of October 1, the cumulative box office was 308 million.

　

Stills of the movie "The Iron Fist of Shame"

　　　　　　　　In 2015, the first film produced by "Mahua FunAge" became a dark horse in the National Day archives. After two years, "Mahua FunAge" once again entered the National Day archives. The film is not only jointly produced by Mahua FunAge, Xinli Film and Cat’s Eye Film, but also escorted by many cinema resources such as Wanda, Dadi, Hengdian and Jinyi. If the current results can be maintained, the cumulative box office of the National Day file in seven days is expected to exceed 1 billion.

　

Jing Wong’s reputation has rebounded, and the attendance rate of "England vs." is not good

　　　　　　　　In recent years, the quality of films made by director Jing Wong has always been criticized. Looking back at last year’s National Day movie, the film also directed by Jing Wong was madly spit out because of its poor reputation, with a cumulative box office of only 260 million. This year, although his new film "Chasing the Dragon" was released for two days, it ranked third in both box office and film arrangement, but the attendance rate was above 40%, ranking second, 17.5% higher than the third place. The high attendance rate also represents a good reputation. The film scored 7.6 in Douban, ranking second among the five new films with fierce competition in the National Day file.

　

Stills of the movie "Chasing the Dragon"

　　　　　　　　The co-production "Britain vs. Britain", which ranked second in terms of film arrangement and daily box office, earned 72.41 million yuan on the first day of release, and accumulated 146 million yuan in two days of release, which is also the second new film with over 100 million yuan as of October 1. Although the overall performance is acceptable, the attendance rate is always around 27%. In the next box office battle, if the attendance rate cannot be improved, it is likely to affect the box office trend after the film.

　

The military theme is declining, and Dapeng’s "beating people" is hotly debated.

　　　　　　　　On Friday (29th), The Sewing Machine Band was released, which saved the film market from the previous downturn. Together, the two films won more than 70% of the market share, which increased the single-day box office to nearly 100 million, and the market increased by 160% from the previous month. Jerry Lee’s virgo "Hunting in the Sky" was released for six hours, and it won nearly 31.46 million box office, ranking second in the box office list that day. After three days of release, it accumulated 86.49 million box office, ranking fourth in the weekly box office. It is worth noting that the main producer of this film, Chunqiu Times Film, was also the producer of Wolf Warriors 2. However, as a military theme, Hunting in the Sky did not become as popular as Wolf Warriors 2, which shows that this military craze has gradually subsided.

　

Stills of the movie "Hunting in the Sky"

　　　　　　　　The first newspaper of Sewing Machine Band released on the same day received 37.66 million box office and won the champion of the day, but it was far from the first day achievement of director Dapeng’s first work of 133 million. Although on the first day of release, the proportion of national film arrangement was as high as 36.9%, but after the release of National Day films such as Shame Iron Fist, England Fight and Chasing Dragon on the 30th, the film arrangement of Sewing Machine Band instantly dropped to 4.58%. Before the film was released, director Dapeng was angry that he only gave it to a one-star film critic, and said that he would start to "slap him in the face", which caused a heated discussion. Obviously, this farce did not bring any positive impact to the film. Although the douban score of the film was 6.9, which was much higher than that of Pancake Man, the cumulative box office of the film was only 78.46 million yuan after three days of release, ranking fifth in the weekly box office, in order to achieve the previous film.

　

Stills of the movie Sewing Machine Band

　　　　　　　　This week, there are not many new films to be released, among which, as a gift film for the 70th anniversary of Inner Mongolia Autonomous Region, maternal love has attracted attention as a topic with social significance. Another film adapted from "Out-of-print Banned Books" also attracted the attention of some young fans. Of course, the box office battle for the National Day file will be more intense this week, and we will wait and see what the final result will be.

　

1905 Film Data College

Writer: Walking Beth

　　Original title: The 12th Plenary Session of the 12th Municipal Party Committee held a study on further deployment of epidemic prevention and control, and discussed the regulatory detailed planning of the capital functional core area. Cai Qi, the Standing Committee of the Municipal Party Committee, presided over the meeting.

　　On the morning of February 22nd, the 12th plenary meeting of the 12th Beijing Municipal Committee of the Communist Party of China (CPC) was held. The plenary session thoroughly studied and implemented the spirit of the important speech delivered by the Supreme Leader General Secretary when he inspected and guided the epidemic prevention and control work in novel coronavirus, studied and implemented the spirit of the the Political Bureau of the Communist Party of China (CPC) Central Committee Conference, and further deployed the epidemic prevention and control work in this city; To study and discuss the Regulatory Detailed Planning of Capital Functional Core Area (Block Level) (2018 -2035) (Draft for Review), and unanimously agree to report it to the CPC Central Committee and the State Council for approval according to procedures. The Standing Committee of the Municipal Party Committee presided over the meeting. Cai Qi, Party Secretary, made a speech. Chen Jining, Deputy Secretary of the Municipal Party Committee and Mayor, explained the Regulatory Detailed Planning of the Capital Functional Core Area (Block Level) (2018 -2035) (Draft for Review). The plenary session stressed that the prevention and control of the epidemic situation in the capital is related to the overall situation and has great responsibilities, which is the top priority that must be grasped at present. Planning, constructing and managing the functional core area of the capital is an inevitable requirement for implementing the strategic positioning of the capital city and earnestly fulfilling the responsibilities of the capital. It must be grasped as an important political task. The plenary session called for closer unity around the CPC Central Committee with the supreme leader as the core, firm confidence, tenacious struggle, courage to take responsibility and overcome difficulties, and strive to win the final victory of the epidemic prevention and control war and build a world-class harmonious and livable capital.

　　The plenary session pointed out that on February 10th, at the critical moment of epidemic prevention and control, the Supreme Leader General Secretary inspected and guided the epidemic prevention and control work in COVID-19, and delivered an important speech, which fully reflected that the CPC Central Committee attached great importance to the epidemic prevention and control work in the capital and showed great concern for the people in Beijing, and it was a great encouragement and spur to us. The important speech of General Secretary of the Supreme Leader, hit the floor, is full of ideological content, guidance and pertinence, which points out the direction for us to win the epidemic prevention and control war. On February 21st, General Secretary of the Supreme Leader presided over a meeting in the Political Bureau of the Communist Party of China (CPC) Central Committee to study the prevention and control of epidemic situation in COVID-19, and to make overall arrangements for the prevention and control of epidemic situation and economic and social development. We should strengthen the "four consciousnesses", strengthen the "four self-confidences" and achieve the "two maintenance", unify our thoughts and actions in the spirit of the important speech of the Supreme Leader, strengthen our confidence, help each other in the same boat, make scientific prevention and control, make precise policies, rely on the people closely, and resolutely win the people’s war, overall war and blocking war for epidemic prevention and control.

　　The plenary session stressed that it is extremely important to deeply understand the prevention and control of the epidemic situation in the capital. As the capital of Beijing, the epidemic prevention and control work is directly related to the overall situation of the party and the state, and to the overall situation of the national epidemic prevention and control. We must be soberly aware that the current situation of epidemic prevention and control is still severe and complicated, deeply understand our responsibilities and missions, thoroughly implement the decision-making arrangements of the Party Central Committee on epidemic prevention and control, and take more firm confidence, more tenacious will and more precise measures to strictly guard against death, strictly manage and strictly control, improve prevention and control strategies and measures in time, and continuously consolidate and expand the results. Insist on external import and internal proliferation prevention, strengthen remote control, fully respond to the flow of people returning to Beijing, resolutely control the entrance, implement the "four-party responsibility", strengthen health monitoring and management, strictly control various prevention and control measures, cut off the source of infection as much as possible, and prevent the spread of the epidemic as much as possible.

　　The plenary session stressed that it is necessary to further grasp the prevention and control of communities (villages). Continue to increase the intensity of "carpet-style" arrangement. Pay attention to humanistic care and strengthen the service for community residents. Cadres at all levels should sink to the first-line Baocunbao community and mobilize the masses to jointly prevent and control, prevent and treat. We should go all out to treat patients, integrate superior medical forces, pay equal attention to both Chinese and western medicine, especially strengthen the treatment of critically ill and children patients, improve the cure rate, and reduce the infection rate and death rate. Prevent nosocomial infection. Do everything possible to ensure the demand for first-line materials. Continue to strengthen scientific and technological research, and increase the research and development of test kits, epidemic prevention technologies and drugs and vaccines. Care for frontline medical staff and community workers and provide them with necessary protection and help.

　　The plenary session stressed the need to maintain social order, security and stability. In-depth publicity of the decision-making and deployment of the CPC Central Committee, and a strong positive energy to unite as one and overcome difficulties together. Improve information release and actively respond to social concerns. Strengthen health promotion and popularize epidemic prevention knowledge. Give play to the role of 12345 citizen service hotline and Internet consultation platform, and provide professional answers and psychological counseling. Strengthen hospital security and maintain the order of medical treatment. Strengthen the maintenance of urban "lifeline" such as water, electricity and heat to ensure the normal operation of the city. Severely crack down on illegal and criminal acts such as manufacturing and selling counterfeit and inferior drugs and medical and health materials according to law, and investigate and deal with acts such as maliciously concealing sick information and not reporting it according to law.

　　The plenary session stressed that it is necessary to promote all tasks of economic and social development as a whole. Do a good job in the "six stabilities", strengthen the economic operation and dispatch, minimize the impact of the epidemic on the economy, and strive to complete the objectives and tasks of economic and social development in 2020. Promote enterprises and institutions to resume work in an orderly manner and start major projects as planned. Increase support for enterprises in terms of bail-out, financing and employment. Stabilize residents’ consumption, develop online consumption and expand health consumption. Do a good job in ensuring the supply and price of daily necessities, and crack down on hoarding and price gouging.

　　The plenary session stressed that efforts should be made to improve the governance capacity and level of the capital city. Pay close attention to filling shortcomings, plugging loopholes, strong and weak items, improve the system and mechanism of major epidemic prevention and control, establish and improve the public health emergency management system in the capital, and effectively improve the ability and level of responding to major public health emergencies. Adhere to a game of chess in the city and earnestly strengthen organizational leadership. The municipal leading group for epidemic prevention and control plays a good role in overall planning and command, all departments and units in each district perform their main responsibilities, leading party and government cadres at all levels, especially the top leaders, should take the lead, grass-roots party organizations should play the role of fighting bastion, and party member should play a vanguard and exemplary role, so that the party’s flag can fly high in every prevention and control position.

　　The plenary session pointed out that it is the first time in the history of Beijing’s development to unify the preparation of control regulations for the core area as a whole, and it is an important move to promote the new development of the capital in the new era with the "two overall situations" in mind. We must adhere to the spirit of the important speech of the Supreme Leader General Secretary to Beijing, fully embody it in the compilation and implementation of the core area control regulations, implement it in the whole process and all aspects of the development of the core area, properly handle the relationship between "capital" and "city", service guarantee and improvement of people’s livelihood, history and future, and write a new chapter in the development of the core area in the new era.

　　The plenary session stressed that we should always put the service guarantee of the political center in the first place and make every effort to create a safe and excellent government environment. The whole essence of the work in the core area is to continuously improve the service level and ensure the safe, efficient and orderly operation of state government activities. It is necessary to optimize the functional layout of the core area in combination with the work of functional disintegration, relocation and retreat. We will optimize the landscape along Chang ‘an Avenue, strengthen the comprehensive improvement around key areas, and improve the environmental quality. Improve the various institutional mechanisms of the "four services", actively meet the needs, and do a good job in services.

　　The plenary session stressed that it is necessary to unswervingly solve the function of non-capital. Strictly control the increment, make greater efforts to relieve the stock, improve the coordination and integrity of relief, and effectively reduce the "four densities" of population, construction, commerce and tourism. Promote the transformation and upgrading of traditional business districts, strengthen the management of tourism order, and strive to calm down the core areas. Do a good job in changing cages, optimize the business environment, develop "high-tech" industries, and support the headquarters economy that conforms to the functional orientation of the capital. Financial Street should strengthen the function of national financial management center. Do a good job in "culture+"articles to promote the integration and development of culture, science and technology and finance.

　　The plenary session stressed that it is necessary to strictly implement the requirement that "the old city can no longer be demolished" and earnestly strengthen the overall protection and rejuvenation of the old city. Adhere to the word "guarantee" as the first step, and realize all the guarantees that should be guaranteed. Strengthen the protection of historical pattern, maintain the spatial layout of "two axes, one city and one ring" in the core area, and highlight the unique magnificent spatial order of the old city. Maximize the restoration of historical texture, strengthen the protection of hutongs and quadrangles, and gradually expand the scope of protection of historical and cultural blocks. Promote the protection of the central axis. Intensify the retreat of cultural relics in Beijing, insist on not asking for everything, but asking for civilian use and opening to the society. Actively promote the "activated" use of historical and cultural heritage, make good use of old factories, and encourage the introduction of cultural service functions such as libraries, museums and art galleries. Tell the story of old Beijing well and keep the nostalgia and memory of old Beijing. Adhere to the style control, maintain the tone of the charm of the ancient capital, and create an overall city image that is gentle and open, magnificent and orderly, blending ancient and modern, and solemn. Improve the level of urban design, implement differentiated management and meticulous guidance, and form a complete contrast to the ancient capital.

　　The plenary session stressed that it is necessary to closely focus on the requirements of "seven haves" and "five natures" and fill the shortcomings of people’s livelihood in combination with the actual situation in the core area. Strengthen the construction of public service facilities, adhere to the nearest supplement, and focus on solving the problem of "one old and one small". Run all kinds of convenience stores, convenience stores and vegetable markets, weave grass-roots commercial outlets, develop physical bookstores, theaters and fitness and sports facilities, and improve the quarter-hour service circle. Strengthen the treatment of stagnant water in low-lying courtyards, strengthen the renovation of old pipelines, and provide safe and reliable municipal infrastructure guarantee. Distribute health and epidemic prevention facilities at different levels, improve the construction standards of primary health facilities, strengthen the reserve of emergency relief materials, and improve the public health emergency management system. Explore and promote the "Symbiotic Courtyard" and "Jinsong Model", promote the comprehensive improvement of old residential areas by classification, promote the renovation and retreat of simple buildings and tube-shaped buildings in an orderly manner, and actively improve the living quality. Implement domestic waste management regulations and property management regulations. Strengthen ecological restoration and urban repair, implement the action of improving the environment of back streets and alleys, promote the green at every crack, leave blank and increase green, strengthen the comprehensive traffic management and the construction of slow-moving system, take various measures to solve the parking problem at the same time, and create a pleasant public space in the block.

　　The plenary session stressed that it is necessary to adhere to the implementation of classification and promote the protection and renewal of blocks. Strengthen policy integration, formulate standards, norms and policy mechanisms suitable for the core area, guide the participation of multiple investors, encourage the space-time sharing of various facilities, and promote the intensive and efficient use of space. Establish a long-term mechanism for refined management, strengthen the construction of smart cities, implement the responsibility planner system, and make good use of the power of street leaders and alley housekeepers. Consolidate the foundation of grassroots governance, implement the regulations of sub-district offices, and promote the downward shift of governance focus, decentralization, and sinking of strength. Adhere to the guidance of party building, promote the reform of "whistle-blowing and reporting", improve the mechanism of "handling complaints immediately", promote active governance, handle complaints first, and solve the worries, worries and worries around the citizens. Improve the community governance system, fully mobilize the resources of the units in the jurisdiction, and realize joint construction, governance and sharing.

　　The plenary session stressed that it is necessary to resolutely safeguard the seriousness and authority of planning. Improve the planning openness system, make good use of the physical examination and evaluation system, establish the planning supervision system, and promote the orderly implementation of the planning. Strengthen the supervision and inspection of the implementation of the plan, incorporate the implementation of the plan into the performance appraisal and the responsibility audit of leading cadres, and ensure that a blueprint is carried out to the end. Firmly establish the city’s "one chess game" idea, strengthen cooperation, form a joint force, and jointly plan and build the core area. Major issues should be submitted to the First Planning Commission for deliberation according to procedures, and report to the CPC Central Committee and the State Council for instructions in a timely manner.

　　The plenary session studied and discussed the Regulatory Detailed Planning of the Capital Functional Core Area (Block Level) (2018 -2035) (Draft for Review), and voted on the Resolution of the 12th Plenary Session of the 12th Beijing Municipal Committee of the Communist Party of China (CPC). (Yan Mengzhu Fan Junsheng)

On August 10th, official website, USA, Tesla updated the auto-driving service of the model and launched a three-year subscription package of FSD (Full Auto-driving Capability). This package includes FSD function, free super charging service and advanced car entertainment service package. The price of the whole package is 5000 US dollars, about 35884 yuan.

If users choose to subscribe to these services separately, the total cost for three years will reach US$ 5,003.64, or about RMB 35,910. Specifically, the subscription fee for FSD is $99 per month, which is about 710 yuan RMB; The cost of free super charging service is 30 dollars per month, about 215 yuan; The premium car entertainment service package costs $9.99 per month, which is about 72 yuan RMB.

In the American market, FSD service has been able to support a variety of autopilot functions, including autopilot navigation, automatic lane change, automatic parking, intelligent summoning, city navigation, and identification of traffic lights and signs. In addition, compared with the standard version, the advanced in-vehicle entertainment service also adds satellite maps, playing online music and videos through in-vehicle applications, in-vehicle KTV, in-vehicle online games and Internet browsers.

It is worth mentioning that earlier this month, Tesla has started to push the version of FSD Supervised v12.5.1.1 to more vehicles. This update not only supports the Cybertruck model for the first time, but also brings many improvements, such as merging the software stack of highways and urban roads, allowing drivers to wear sunglasses in autonomous driving mode, and launching the much-anticipated "true intelligent call" function.

Aunt Zhang, 55, has always felt that her eyes love tears in the past two years, especially in the wind. At first, she thought she was old and her eyes became sensitive, so she didn’t care too much. But as time goes by, there are more and more tears, even indoors, and the corners of my eyes are often wet. What bothers her even more is that there are secretions in the corners of her eyes from time to time. When she wakes up in the morning, her eyelids are often covered with "gum". She went to the drugstore to buy eye drops to use, but the symptoms were only temporarily relieved and recurred after a while. Later, accompanied by her family, she went to tongji hospital for ophthalmology treatment.

After detailed examination, Dr. Li Houshuo, an expert on lacrimal duct diseases in tongji hospital, found that Aunt Zhang had slight redness and swelling around the lacrimal punctum under her right eye, and purulent secretions flowed out when pressing the lacrimal sac. Further examination of lacrimal duct irrigation found that normal saline could not flow into the nasal cavity smoothly, but flowed back from the lacrimal punctum. Combined with symptoms and examination results, she was diagnosed as suffering from chronic dacryocystitis, the root cause of which was lacrimal duct obstruction.

Tears have not been alleviated, and it may not be a small problem!

01

Understanding lacrimal passage: the drainage system of tears

The lacrimal passage is the passage through which tears are discharged from the ocular surface to the nasal cavity, mainly including lacrimal punctum, lacrimal canaliculus, lacrimal sac and nasolacrimal duct. Under normal circumstances, the tears secreted by the lacrimal gland can moisten the surface of the eyeball and drain into the nasal cavity through the lacrimal passage. However, when the lacrimal passage is blocked or narrowed, tears can’t be discharged smoothly, and they will overflow the eyes, forming a phenomenon of "tears", which is called "tears overflow" in medicine.

02

Lacrimal obstruction and dacryocystitis: an invisible troublemaker

Aunt Zhang’s condition belongs to nasolacrimal duct obstruction, which is one of the most common lacrimal duct diseases in middle-aged and elderly people. Because nasolacrimal duct is stimulated by chronic inflammation for a long time, mucosa hyperplasia, stenosis and even complete obstruction lead to tears staying in lacrimal sac, forming chronic dacryocystitis. Over time, the lacrimal sac becomes a "pond for storing bacteria". Patients not only shed tears, but also are prone to increase, redness and swelling of canthus secretions, and even repeated acute attacks, characterized by redness and tenderness in the lacrimal sac area, accompanied by a large number of purulent secretions.

03

How to judge whether you have lacrimal duct disease?

If you often have the following symptoms, you should be alert to the possibility of lacrimal duct disease:

Often shed tears involuntarily, especially in windward or cold weather;

The secretion of canthus increases, especially when there is "eye excrement" sticking to the eyelid margin in the morning;

The skin around the corner of the eye is wet for a long time, and even redness and eczema appear;

When the eye corner (lacrimal sac area) is lightly pressed, secretions overflow from the eye corner (lacrimal punctum);

Repeated redness and pain in the corners of the eyes, and even abscess formation.

Note: Long-term untreated dacryocystitis may cause corneal ulcer and even blindness!

04

How to treat lacrimal duct diseases?

The treatment of lacrimal duct obstruction mainly depends on the cause and severity, and the common methods include:

Lacrimal canal irrigation: those with mild obstruction can try to flush the lacrimal canal with normal saline, which is helpful to dredge some slightly narrow channels.

Probe into lacrimal passage: It is suitable for some patients with early lacrimal passage obstruction, and the narrow lacrimal passage is dredged by probe, but it is easy to recur.

Lacrimal duct laser/lacrimal duct catheterization: It is suitable for patients with moderate stenosis. The narrow segment is dilated by laser or balloon, and a lacrimal duct is implanted to improve the patency of lacrimal duct, but the recurrence rate is also high.

Dacryocystorhinostomy (DCR): For patients with complete obstruction of nasolacrimal duct, it is necessary to establish a new drainage channel with high success rate, which is the gold standard for the treatment of chronic dacryocystitis at present.

05

Prevent lacrimal duct diseases and protect eye health.

Avoid long-term exposure to irritants such as dust and smoke, and reduce the risk of lacrimal duct inflammation;

Timely treatment of nasal diseases such as rhinitis and sinusitis, so as not to affect the patency of lacrimal passage;

When the eyes have unexplained tears, increased secretions and other symptoms, seek medical advice as soon as possible, and don’t take medicine by yourself, so as not to delay the best treatment opportunity.

After Aunt Zhang was diagnosed, tongji hospital Ophthalmologist Li Houshuo and Dr. Zhang Juan performed dacryocystorhinostomy for her. After the operation, the increase of tears and secretions completely disappeared, and finally bid farewell to the "tearful" days.

Tears in the eyes are not necessarily just "more tears", it is likely that lacrimal duct diseases are at work. If you or your family have a similar situation, it is recommended to seek medical advice in time, early diagnosis and early treatment, so that your eyes can be clear and bright again!

Text | Sun Yunqi

Typesetting | Shao Yuting Review | Li Houshuo

Brief introduction of the author

Deputy Chief Physician Li Houshuo

Good at: completing thousands of eye operations, specializing in the diagnosis and treatment of complex cataracts, orbital and lacrimal diseases, eye plastic surgery and cosmetic surgery (eyelid repair and reconstruction, double eyelids, pouch removal, ptosis, trichiasis, ectropion, etc.).

Sun Yunqi Resident Physician

Good at: prevention and control of refraction and myopia, research on the progress of artificial retina products.

-Introduction of tongji hospital Ophthalmology Affiliated to Tongji University-

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Introduction of tongji hospital Ophthalmology (tongji hospital Ophthalmology Affiliated to Tongji University)

In 2025, the tongji hospital Ophthalmology Team affiliated to Tongji University consists of 18 clinicians (led by Professor Bi Yanlong), 10 experts in basic ophthalmology research (led by Professor Xu Guotong (chief researcher of tongji hospital (Ophthalmology)), 3 technicians (3 people), 13 nurses (13 people), 8 trained doctors (8 people) and academic doctoral students.

Relying on the resource advantages of tongji hospital affiliated to Tongji University, Institute of Ophthalmology of Tongji University School of Medicine, and Department of Ophthalmology of Cologne University (an international cooperation and co-construction unit), the team took the domestic leading anterior and posterior joint surgery based on the "holistic view of eye diseases" as the clinical technical barrier, based in Shanghai, and radiated and benefited patients with refractory eye diseases nationwide. The team members won the honorary titles of "Top Ten Medical Contribution Experts", "Bethune Good Doctor" and "Tongji Famous Doctor". Deeply cultivate the research and development and transformation of medical devices, promote the transformation of new medical devices by promoting the tripartite cooperation between doctors, schools and enterprises, and empower new clinical technologies. Many achievements won the technical innovation gold and silver awards of Shanghai Excellent Invention Selection Competition and the first and second prizes of Shanghai Starlight Project; Establish a network of stem cell banks and key technology platforms, and become a national stem cell technology training base and a platform for stem cell information release and exchange; Long-term commitment to the scientific research of eye diseases facing all ages and life cycle, forming a basic-clinical research system for eye disease prevention and treatment, especially in the research direction of diabetic retinopathy and cataract, which has achieved international attention and won the Science and Technology Progress Award of the Ministry of Education and the Shanghai Science and Technology Award for many times; Adhering to the initial intention of educating people, we have continuously developed and improved the ophthalmic personnel training system that meets the requirements of the new era. We have been approved for national first-class undergraduate courses, several key courses in Shanghai universities and first-class undergraduate courses, and guided college students to win the second prize of the National College Students Innovation Forum and Experimental Design Competition, the gold prize of the China International internet plus College Students Innovation and Entrepreneurship Competition, and the bronze prize of the Shanghai Division.Train more than ten people, including Shanghai Youth May 4th Medal winners and outstanding graduates in Shanghai; Facing the national strategy and fulfilling social responsibilities, Tongji University’s volunteer service system of "Help each other in the same boat, keep the light" with all-round online and offline integration of "announcement-diagnosis-treatment" was built. The unit where the team belongs was hired as the executive director of the National College Students’ Myopia Prevention and Control Propaganda Group of the Ministry of Education, and won the second prize of Shanghai Youth Medical Science Popularization Ability Competition, the third prize of Shanghai Zhixing Cup College Students’ Social Practice, the gold medal of Shanghai Health Care Industry Youth Volunteer Service Project Competition and Shanghai Dedication Cup. Continue to slide to see the next touch to read the original text.

Tongji hospital Ophthalmology Department affiliated to Tongji University slides up to see the next one.

Original title: "Tears all day, beware of lacrimal duct diseases! 》

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　　Xinhua News Agency, Shenzhen, November 27th (Reporter Zhou Ke) The reporter learned from the Shenzhen Municipal Commission for Discipline Inspection that starting from December 1st, related leading cadres in Shenzhen need to make online declaration and approval in advance.

　　At present, the supervision and management system of leading cadres’ handling of weddings, funerals and celebrations organized and developed by Shenzhen Commission for Discipline Inspection has been put into trial operation in the whole city. Starting from December 1st, the system will officially start to handle the approval and filing of weddings, funerals and celebrations organized by leading cadres.

　　According to reports, the scope of Shenzhen’s approval and filing personnel for weddings, funerals and celebrations includes: ministries and commissions of the Municipal Party Committee, municipal people’s congress organs, municipal government departments, CPPCC organs, municipal intermediate people’s courts, municipal procuratorates, municipal people’s organizations, and municipal institutions. party member leading cadres at or above the deputy division level; District (new district) deputy department level (or equivalent to deputy department level) and above leading cadres in party member; Municipal and district state-owned enterprises at the middle level and above party member leaders; The person in charge of the "two committees" in the community and the chairman and general manager of the joint-stock cooperative company. Non-CPC party member leading cadres refer to the implementation.

　　The scope of reporting matters includes the wedding, birthday, housewarming, promotion and transfer of leading cadres themselves, spouses and immediate family members, the funeral of immediate family members, the promotion (stay) of children, employment and awards.

　　The Shenzhen Municipal Commission for Discipline Inspection requires that leading cadres in party member should log in to the supervision system at least 10 working days in advance to fill in the Report Form on Wedding, Funeral and Celebration for Leading Cadres in party member and go through the reporting procedures.

　　In addition, if funeral matters are held for immediate family members, they can report orally or by telephone at that time, and log in to the supervision system for supplementary report within 15 working days afterwards.

With the continuous improvement of people’s requirements for living quality, there are more and more ways to decorate houses, and there are also some "barbaric decoration" behaviors, which leave hidden dangers for the structural safety of houses and cause widespread concern in society. Standardized decoration is not only related to the vital interests of ordinary people, but also related to the healthy and orderly development of related industries. In order to standardize decoration behavior and market order, ensure the quality and safety of decoration projects, safeguard the legitimate rights and interests of the parties, relevant laws and regulations have been promulgated and management supervision has been strengthened to provide legal protection for the safety of people’s lives and property.

Focus on the serious consequences caused by the project legislation below the quota and investigate criminal responsibility.

Hebei province regulates the behaviors that easily affect the quality and safety of buildings and construction in the decoration of civil buildings, focusing on the legislation of decoration projects below the limit with few current regulatory measures and weak regulatory power.

The "Several Provisions on Safety Management of Civil Building Decoration in Hebei Province" (hereinafter referred to as "Several Provisions"), which came into effect in April, makes it clear that the decorator is the person responsible for the safety of building decoration and assumes the main responsibility for the safety of decoration and decoration. Units and individuals that carry out decoration projects shall bear corresponding responsibilities in accordance with the agreement or contract signed with the decorator and the provisions of relevant laws and regulations. Before the decoration project of residential buildings starts, the decorator shall inform the realty service enterprise. When informing, it shall submit the certificate of real property right of the house or the valid certificate to prove its legitimate rights and interests, the decoration scheme and other materials.

The "Several Provisions" emphasize that residential decoration shall not change the building main body or load-bearing structure such as building foundation, beam, column, floor and load-bearing wall, and shall not expand the original size of doors and windows on the load-bearing wall of the house, and shall not dismantle the brick and concrete wall connecting the balcony in the house, and shall not exceed the original design standard to increase the service load of the house. When the decorator can’t determine whether the decoration involves the change of the main building or the load-bearing structure, he can inquire the relevant information from the realty service enterprise, the construction unit or the urban construction archives management institution, and the relevant units shall provide the inquiry service free of charge and provide the inquiry results within two working days. If it is impossible to determine whether the main body or load-bearing structure of the building is changed through the above channels, the decorator shall entrust a professional institution or professional to confirm before construction. The "Several Provisions" also pointed out that real estate development enterprises should provide buyers with written materials marking the main body and load-bearing structure of the building when the house is delivered for use, so as to facilitate the identification of the decorators.

In view of the behavior that is easy to cause safety accidents, the Several Provisions clearly stipulate that if the main body or load-bearing structure of a building is changed, the competent department of housing and urban construction of the people’s government at or above the county level or the department designated by the people’s government at or above the county level shall order it to make corrections, and a fine of 500,000 yuan to 1 million yuan shall be imposed if the decorator is a unit, and a fine of 50,000 yuan to 100,000 yuan shall be imposed if the decorator is an individual. If the real estate development enterprise fails to provide the purchaser with written materials indicating the main body and load-bearing structure of the building, the competent department of housing and urban construction of the people’s government at or above the county level or the department designated by the people’s government at or above the county level shall order it to make corrections within a time limit; Overdue correction, a fine in 500 yuan.

The "Several Provisions" clarify that if building decoration activities cause property losses or personal injuries to others, the decorator, construction unit or construction personnel shall bear civil liability according to law; Illegal demolition of load-bearing walls and other acts endangering public safety and violation of safety production management regulations cause casualties or other serious consequences, which constitutes a crime, criminal responsibility shall be investigated according to law.

Safeguarding the legitimate rights and interests of all residents and strengthening the decoration management of residential quarters

The Regulations on the Decoration and Renovation Management of Residential Quarters in Lianyungang City (hereinafter referred to as the Regulations), which will come into effect on May 1, will focus on strengthening the decoration and renovation management of residential quarters, safeguarding public safety and public interests, creating a livable living environment and safeguarding the legitimate rights and interests of all residents.

The "Regulations" stipulate that if the decorator entrusts the decoration contractor to undertake the decoration project, it shall sign a written contract. Before the decoration project starts, the decorator shall go through the registration formalities with the realty service enterprise with relevant information, and sign the decoration management service agreement and the corresponding written commitment letter. To change the main building or load-bearing structure, it is necessary to submit the design proposal put forward by the original design unit and the examination and approval opinions issued by the urban housing safety appraisal institution, and go through the approval procedures in accordance with the regulations. In residential areas without property services, the decorator shall inform the village (neighborhood) committee in advance before the decoration activities.

The "Regulations" emphasize that in the decoration activities of residential quarters, it is strictly forbidden to implement acts that affect the building structure and production safety. For example, arbitrarily changing the building main body and load-bearing structure such as building floor, wall and support; Changing rooms or balconies without waterproof requirements into bathrooms and kitchens in violation of waterproof standards; Through the layer, dig down to expand the use space or change the original appearance design; Demolition of brick and concrete walls connecting balconies; Dismantle the floor thermal insulation and sound insulation system without authorization; Damage to public energy-saving facilities and barrier-free facilities in residential quarters; Occupation of public space or damage to public parts and facilities in residential quarters, which affects the structure or use safety of buildings and structures in residential quarters.

In order to safeguard the legitimate rights and interests of other residents in residential areas, the Regulations stipulate that decorators should post public signs in prominent positions and decoration sites in residential areas, and publicly disclose information such as the telephone number, construction time, supervision unit and supervision method of the decorators and the person in charge of the construction party. At the same time, effective measures should be taken to prevent or reduce the harm and pollution caused by waste gas, waste water, dust, vibration, noise, solid waste and construction lighting. It is forbidden to carry out decoration activities that generate noise in residential quarters from 12: 00 to 14: 00, from 19: 00 to 8: 00 the next day, and on legal rest days, holidays, senior high school entrance examination days and college entrance examination days. If decoration activities are carried out at other times, effective measures should be taken to avoid or reduce noise pollution to surrounding residents.

According to the "Regulations", the housing and urban-rural construction department of Lianyungang will establish a supervision information platform for the decoration and renovation of residential quarters, and implement dynamic supervision on the decoration and renovation projects of residential quarters. Any unit or individual has the right to complain and report any illegal act in the decoration of residential quarters.

Focus on the implementation of spot check measures to curb illegal decoration behavior

Recently, the Housing and Urban-Rural Development Bureau of Changsha City organized the supervision of the safety management of existing houses in the first quarter of this year, and at the same time, conducted key spot checks on the implementation of "Several Measures for Strengthening the Safety Management of Interior Decoration and Decoration of Urban Houses in Changsha City" (hereinafter referred to as "Several Measures"), so as to find, stop and rectify early, and resolutely curb illegal decoration and decoration behaviors.

In order to further standardize the indoor decoration and put an end to the problem of "barbaric decoration" such as privately demolishing load-bearing walls, Changsha Housing and Urban-Rural Development Bureau issued "Several Measures" in February this year, requiring decoration and decoration projects (limited to non-residential projects) with a project investment of more than 300,000 yuan and a construction area of more than 300 square meters to apply for a construction permit from the housing and urban-rural construction department of the county (city) where the house is located before starting. No decoration works without a construction permit shall be started. No unit or individual may decompose the project that should apply for a construction permit into projects below certain limits, and avoid applying for a construction permit.

At the same time, strict management measures are implemented for decoration projects with an investment of less than 300,000 yuan or a building area of less than 300 square meters, including strict implementation of the declaration and registration system, strict implementation of the normal inspection system, strict safety management of the construction site, strict implementation of supervision and inspection requirements, strict implementation of joint punishment, and strict enforcement of linkage.

The "Several Measures" require strict implementation of the declaration and registration system, and require property management units to inform the prohibited behaviors and precautions of decoration projects in writing. If the decorator fails to inform in advance and sign the decoration management service agreement and commitment letter, the property management unit will restrict the construction personnel and materials from entering the construction site according to the community statute.

Strictly implement the normal inspection system. Has handled the decoration project registration procedures, the property management unit should promptly publicize the decoration project in the residential building. The property management unit shall strengthen the normal inspection of the decoration site according to the relevant regulations, record the inspection situation in detail, and form the inspection account. Found illegal behavior, should immediately discourage, stop and urge to correct, to refuse to correct, timely report to the community, and step by step report to the relevant administrative departments of towns, streets or territories.

The "Several Measures" require that the safety management of the construction site be strictly strengthened, and it is forbidden to carry out acts that affect the main body and load-bearing structure of the building, and it is forbidden to change the area, structure and use of the originally designed room. If the floor load is increased beyond the design standards or specifications, the construction shall not be carried out without the original design unit or the design unit with corresponding qualification grade. At the same time, strictly strengthen joint law enforcement, and those who hinder law enforcement, refuse to cooperate with law enforcement and refuse to restore the changed building main body and load-bearing structure shall be promptly submitted to the local public security organs for punishment according to the Law of People’s Republic of China (PRC) on Public Security Administration Punishment. Unauthorized changes to the main body and load-bearing structure of the building, causing major security risks endangering public safety and suspected of constituting a crime, shall be transferred to the local public security organs for legal treatment.

Xinhua Street Community Health Service Station is located near West Fourth Ring South Road, Fengtai District, Beijing. The sign is eye-catching, but the glass door is locked. There is a sign at the door, which says that outpatient service is suspended.

　

It was a day in January, 2024. People came and went in front of this community health service station. Occasionally, someone went to the door to look at it, saying that they had come to take medicine to see a doctor. Unexpectedly, it was closed. A lady who lives nearby told China Newsweek that this service station has been closed for several years. "There are all kinds of things to say now, and some say that the boss owes money to run away; Some say that this service station belongs to private contracting, and now private contracting is not allowed. "

　

According to China News Weekly, this community hospital is indeed contracted by individuals. The contractor’s name is Li Penghui. In July 2020, Li Penghui was arrested on suspicion of committing fraud. In addition to this community hospital, Li Penghui also contracted seven other community hospitals in Fengtai District, Beijing.

　

On December 29th, 2023, the Beijing No.2 Intermediate People’s Court (hereinafter referred to as "Beijing No.2 Intermediate People’s Court") pronounced in the first instance that Li Penghui was convicted of fraud and sentenced to life imprisonment, and at the same time committed the crime of embezzlement, the crime of accepting bribes by non-state staff, and the crime of falsely invoicing, and decided to execute life imprisonment.

　

The court found that Li Penghui used eight community hospitals, including Xinhua Street Community Health Service Station, which he contracted, to collude with others to defraud the national medical insurance fund of more than 100 million yuan.

　

The Taiping Bridge Community Health Service Center contracted by Li Penghui has now closed. Photography/Our reporter Liu Xiangnan

　

Defrauding medical insurance funds by more than 100 million yuan

　

Before the incident, Li Penghui was a legal person of Beijing Jingminkang Investment Management Co., Ltd. (hereinafter referred to as "Jingminkang Company"). On July 29th, 2020, he was detained by Fengtai Branch of Beijing Public Security Bureau and arrested on September 4th of the same year.

　

Also in the same case as Li Penghui are Fan Zongtang, Fan Wenyuan and Li Peirong. Before the incident, Fan Zongtang was the actual controller of Beijing Nengji Chinese Herbal Pieces Co., Ltd. (hereinafter referred to as "Nengji Company"), Fan Wenyuan was the supervisor of Nengji Company, and Li Peirong was the financial controller of Jingminkang Company. They were both detained and arrested on the same day as Li Penghui.

　

After the investigation of Li Penghui by Fengtai Branch of Beijing Municipal Public Security Bureau, it was transferred to Fengtai District People’s Procuratorate of Beijing for examination and prosecution, and Fengtai District Procuratorate submitted the case to the Second Branch of Beijing People’s Procuratorate for examination and prosecution. In October 2021, the Second Branch of Beijing Municipal People’s Procuratorate filed a public prosecution with Beijing No.2 Intermediate People’s Court. Regarding the part of Li Penghui suspected of fraud, the procuratorate found out the following facts:

　

From 2015 to 2020, four people, including Li Penghui and Fan Zongtang, conspired to illegally obtain national medical insurance funds. First, Li Penghui and Li Peirong instructed their employees Wang Mopeng and others (both handled separately) to purchase raw materials of traditional Chinese medicine privately or buy finished pieces of traditional Chinese medicine for Nengji Company, and then Fan Zongtang and Fan Wenyuan instructed their employees Chen Xiangcheng and others (both handled separately) to forge raw material inspection reports and production records and print medicines. It was sold to eight community health service stations (centers) such as Xinhua Street Community Health Service Station controlled by Li Penghui, and then these eight community health service stations (centers) defrauded the national medical insurance funds by claiming reimbursement.

　

The eight community hospitals contracted by Li Penghui are all designated medical insurance institutions. Photography/Our reporter Liu Xiangnan

　

From 2015 to 2020, four people, including Li Penghui, conspired to illegally obtain national medical insurance funds. During the process of purchasing and selling Chinese herbal pieces from Nengji Company in eight community health service stations (centers) controlled by Li Penghui, they instructed their employees to issue sales bills with two prices, conceal and inflate the actual purchase price and sales price of drugs, and declare reimbursement, thus defrauding the national medical insurance funds of more than 43 million yuan.

　

The eight community hospitals contracted by Li Penghui are located in Fengtai District, Beijing, including seven community health service stations including Xinhua Street, Zhenguo Temple, Liuliqiao Nanli, Chengnan Jiayuan, Fengti Times, Wangyuan and Indigo New District, and Taipingqiao Community Health Service Center.

　

Li Penghui was born in December 1973, and his domicile is Huaibin County, Xinyang City, Henan Province. Li Penghui’s father, Li Peiri, said that after graduating from high school, Li Penghui went to Shijiazhuang to study medicine, and then went to Beijing to develop as a dermatologist and open a clinic. Relevant legal documents show that Li Penghui has a college education.

　

According to Li Penghui’s confession, in 2014, he established Jingminkang Company to facilitate the management of the eight community hospitals he has contracted. These eight community hospitals belong to private non-enterprise units in nature, and are not allowed to engage in profit-making activities, and the surplus is not allowed to pay dividends, and they are all designated medical institutions for medical insurance. They all signed a trust agreement with Jingminkang Company to trust the management of people and property to Jingminkang Company.

　

According to the industrial and commercial information, Jingminkang Company has a registered capital of 20 million yuan, which is an enterprise mainly engaged in business services, and Li Penghui holds 100% of the shares. At present, the company still exists, but it has been listed as a restricted high-consumption enterprise by the court.

　

In the case of Li Penghui, another defendant, Li Peirong, was Li Penghui’s aunt and was born in 1963. Li Peiri said that he has nine brothers and sisters, and Li Peirong ranks in Laojiu. Li Peirong studied in high school, worked as a director of women in her hometown, and later came to Beijing to be in charge of finance in her nephew’s company. Among the relatives of the Li family, Wang Mopeng, the brother-in-law of Li Penghui, was arrested for the case. Wang Mopeng works as a purchasing manager in Jingminkang Company.

　

Fan Zongtang, the actual controller of Nengji Company, is the No.2 defendant, born in 1962, and his domicile is Bozhou, Anhui, a famous "drug capital". Another defendant, Fan Wenyuan, is the son of Fan Zongtang. According to the industrial and commercial information, Nengji Company was established in 2013 with a registered capital of 20 million yuan, which is mainly engaged in pharmaceutical manufacturing. Now the company has changed its alias and moved to a new address.

　

(Profile picture) The former Nengji Company located in Fangshan District of Beijing has been demolished.

　

Fan Zongtang’s wife Kang Huaying said that their hometown was in the suburb of Bozhou, Anhui Province. At the end of 1985, Fan Zongtang came to Beijing to do business, ran some clinics or hospitals, and sold the locally grown Chinese herbal medicines purchased in Bozhou to these clinics or hospitals. In 2008, Fan Zongtang rented land in Xiaoma Village, Qinglong Lake Town, Fangshan District, Beijing to build a factory for producing Chinese herbal medicines, named Beijing Shenghuitang Chinese Herbal Pieces Co., Ltd. In 2013, he rented another land in Xiaoma Village to build a new factory, namely Nengji Company.

　

The so-called decoction pieces of traditional Chinese medicine refer to the traditional Chinese medicine that can be directly used in the clinical practice of traditional Chinese medicine after being processed according to the theory and processing methods of traditional Chinese medicine. Fan Zongtang’s family revealed that the Chinese herbal medicines of Nengji Company were mainly purchased from Bozhou, Anhui Province, processed into Chinese medicine, and then supplied to many hospitals in Beijing. By the time Fan Zongtang and his son were arrested, Nengji Company had more than 70 hospitals in Beijing, including more than 40 community hospitals.

　

Fan Zongtang and Kang Huaying have three sons, among whom Fan Wenyuan was born in 1988, ranking second; The eldest brother named Fan Jinghui, born in 1985, was also arrested on the same day as Fan Zongtang and was dealt with separately. From 2018 to the incident, Fan Jinghui served as a legal person of Nengji Company. Kang Huaying was responsible for purchasing Chinese herbal medicines in Bozhou. She was also arrested on the same day as Fan Zongtang, and was not prosecuted.

　

"Special" Chinese Herbal Medicine in Pharmaceutical Factory

　

The case of Li Penghui was tried in Beijing No.2 Intermediate People’s Court for three days. According to the first-instance judgment made by Beijing No.2 Intermediate People’s Court, the trial of Li Penghui and others for fraud involved the testimony of more than 40 witnesses.

　

Hong Xu is Li Penghui’s cousin. He testified that in July, 2016, Li Penghui asked him to help Jingminkang Company, and his job was to distribute and carry goods in the pharmaceutical factory of Nengji Company. Around July 2020, Li Penghui asked him to go to Anguo, Hebei Province to buy Chinese herbal medicines with Wang Mopeng, who was in charge of purchasing in Jingminkang Company. They sent the bought herbs to Nengji Pharmaceutical Factory for processing and labeling, and then distributed them to community health service stations.

　

Hong Xu said that the price of the medicine they bought from Anguojin was very low, and the ex-factory price was the same as that of the medicine produced by Nengji Company, so his company could earn more difference. Moreover, the drugs are all drugs that can be reimbursed by medical insurance, and the drugs are not taken at their own expense, and these drugs are only sold to Jingminkang’s own health service station.

　

Notice materials about "Chinese herbal pieces" posted in a community hospital contracted by Li Penghui.

　

A number of employees who have done testing work in Nengji Company have testified that Wang Mopeng’s testing data of medicinal materials were falsified. Sun Ya, who went to work in the inspection team of the quality department of Nengji Company in March 2014, said that Wang Mopeng’s goods stored in Nengji Company included both raw materials and finished products. Wang’s goods were different from those of Nengji Company, and they were stored separately. Wang’s goods often had problems, and the factory had to leave Wang’s goods, so he was asked to falsify the data and change the inspection report. He also revised the origin and quantity of raw materials in the inspection report, because some raw materials in the origin are better, more famous and more expensive. An employee also testified that during the purchase, production and sales of Nengji Company, he found that Wang Mopeng’s goods were special. Other hospitals bought finished products from Nengji Company, but Wang Mopeng purchased the goods himself and stored and processed them in Nengji Company.

　

Fan Jinghui, who served as a legal person in Nengji Company, confessed that Nengji Company is mainly engaged in the production, processing and sales of Chinese herbal medicines, and its business scope is not allowed to buy finished Chinese herbal pieces, nor can it distribute finished Chinese herbal pieces of other brands. Most of the raw materials of Chinese herbal medicines of Nengji Company were collected by his mother Kang Huaying’s company from Bozhou medicinal materials market in Anhui Province, and some of them were imported from Anguojin, Hebei Province, which was purchased by Wang Mopeng on behalf of Li Penghui.

　

Most of the Chinese herbal pieces in eight community hospitals managed by Jingminkang Company are taken from Nengji Company. Fan Jinghui said that Wang Mopeng will give Nengji Company a procurement plan, and Nengji Company will start processing raw materials according to the types of this plan. Wang Mopeng’s finished products and raw materials of Chinese herbal medicines purchased from Anguo are stored separately in Nengji Company, and Wang Mopeng’s finished products can directly enter the warehouse of Nengji Company because Fan Zongtang and Li Penghui agreed before.

　

After Wang Mopeng’s raw materials enter Nengji Pharmaceutical Factory, the quality inspection department carries out quality inspection, and sometimes the results of quality inspection will be unqualified. In this case, Fan Jinghui will ask the inspector to re-examine and adjust the detection method until Wang Mopeng’s medicine is qualified; If it can’t pass, Fan Jinghui will contact a third-party inspection agency. According to the confession of Fan Jinghui’s younger brother Fan Wenyuan, if it is tested by a third party, it will basically be qualified.

　

Fan Jinghui confessed that during the testing process, he also asked the personnel of the quality inspection department to change the testing data. After the raw materials are processed, the employees in the production workshop will package Wang Mopeng’s medicine and affix the label of Nengji Company. The part of the finished product that Wang Mopeng entered Nengji Company did not have the test report of Chinese herbal medicine raw materials when he came, and Nengji Company helped to do the quality test report. In addition, it is necessary to write production records from Chinese herbal medicine raw materials to finished products, so he arranged for the staff of the production department to supplement the production records of Wang’s medicine.

　

Chen Xiangcheng, who is the head of the supply and marketing department in Nengji Company, confessed that the quality of Wang Mopeng’s goods is poor, and most of them are finished products. The goods with the trademark of Nengji Company must have a full set of production records, and Nengji Company will arrange people to make fake production records. The finished medicinal materials purchased by Wang Mopeng are directly packaged by the production department, and only a few need to be packaged after simple processing, and the production batch number is compiled.

　

The witness refers to "circular insurance fraud"

　

In January, 2024, China News Weekly visited eight community hospitals contracted by Li Penghui in Fengtai District, Beijing. Except for two community health service stations in Liuliqiao Nanli and Fengti Times, the other six have stopped operating. Chengnan Jiayuan Community Health Service Station on Majiapu Road no longer exists. Its original site now runs a car maintenance shop. A clerk said that this car maintenance shop has been open for two years, and there are still two red characters "medical insurance" on the top of the shop.

　

Although many of them have closed, the layout at that time can still be seen from the remaining furnishings. Walking into the community health service stations of Nanli and Fengti Times in Liuliqiao, which are still being treated, we can see that both community hospitals have specially set up "Chinese Medicine Pavilion" to promote Chinese medicine experts and Chinese medicine featured therapies such as scraping, massage, acupuncture and massage. On one side of the Zhenguo Temple Community Health Service Station, there is only a Cantonese restaurant. This community hospital has also set up a special "Zhenguo Temple Chinese Medicine Department", and the green characters of "Zhenguo Temple Chinese Medicine Department" are the same size as those of "Zhenguo Temple Community Health Service Station". Looking through the window glass of Xinhua Street Community Health Service Station, we can see that there is a slogan "Let you enjoy high-quality Chinese medicine service at your doorstep" on its publicity column, and an introduction to several Chinese medicine experts and a notice on "Adjustment of Chinese medicine decoction pieces" are posted.

　

A corner inside a community hospital contracted by Li Penghui. This edition of photography/our reporter Liu Xiangnan

　

According to Li Penghui’s confession, the Chinese herbal medicines in the eight community hospitals he runs are mainly imported from Nengji Company, and Fan Zongtang of Nengji Company promised to give them rebates. The money was first paid to Li Peirong’s account in charge of finance in Jingminkang Company, and then Li Peirong gave it to him. Each health service station (center) is independently accounted for and settled with Nengji Company respectively. The finance department of Jingminkang Company is mainly responsible for supervising these health service stations (centers).

　

Fan Zongtang confessed that he was introduced to Li Penghui. Li Penghui told him that several of his community health service stations bought Chinese herbal pieces from Nengji Company, and the amount was large, and the price was lower. He also offered a rebate. Li Penghui agreed with him that after the supply was completed, 15% ~ 20% of the transaction amount would be used as a rebate. In addition, Li Penghui bought some Chinese herbal medicines and sold them to Nengji Company, and Li earned some money. After being processed by Nengji Company, they were sold to Li Penghui’s community health service station. Because the medicines bought by Li Penghui were of low quality, these medicines could only be sold to Li Penghui’s own community health service station.

　

In the view of Fan Wenyuan, the son of Fan Zongtang, their cooperation with Li Penghui at the beginning was to make money. They felt a little illegal and risky, but they didn’t realize that there would be such serious consequences, so they went all the way to the crime.

　

Fan Wenyuan confessed that from the sales bills, we can distinguish the drugs of Nengji Company from those purchased by Wang Mopeng. First, the varieties are different. There are many kinds of drugs purchased from Nengji Company, but the number of each variety is small. Wang Mopeng purchased and processed drugs on his own behalf, but the number required is large; Second, from the point of view of discount rate, Nengji Company issued two tickets for its own medicine, one with discount rate was actually used to settle accounts with Wang Mopeng, and the other without discount rate was used to settle accounts with community health service stations. Wang Mopeng only had one ticket for the medicine he bought himself, and there was no discount rate. There must be two kinds of bills recorded by Nengji Company, one is tickets sold to eight community health service stations at low prices, and the other is bills purchased by Li Penghui himself.

　

Invoicing in this way, in the later judgment, was recognized by the court as a way for Li Penghui and Fan Zongtang to conspire to defraud the medical insurance fund. In this regard, Fan Jinghui also mentioned it in his confession. According to Fan Jinghui’s confession, Wang Mopeng ordered the goods from Nengji Company, and according to the ordering plan, priority was given to stocking the goods from Wang Mopeng’s own goods in Nengji Company, and the insufficient or no drugs were stocked from Nengji Company’s own finished goods. The billing office of Nengji Company will issue the accompanying bill separately, in which the accompanying bill of Wang Mopeng’s own goods will be sent away directly with the goods, and the person in the billing office will first issue a high-priced accompanying bill, and then issue a low-priced accompanying bill according to the lower price finalized by Fan Zongtang and others. This kind of change in unit price to issue high and low bills has been around since the end of 2017. The total amount of high-priced tickets minus the total amount of low-priced tickets is the profit of drugs that Li Penghui’s eight health service stations bought from Nengji Company, and their checkout is based on high-priced tickets.

　

Dong Mengmeng once worked as a cashier in Jingminkang Company. She testified and recalled that there are two kinds of Chinese herbal medicines used in various community health service stations controlled by Li Penghui, one is Nengji wholesale, and the other is Wang Mopeng wholesale, which is also called self-use wholesale. Private purchase of Chinese herbal medicines is a private communication between Li Penghui and the boss of Nengji Company. By reducing the cost of medicine and raising the price of medicine, the profit is maximized. There are differences in the quality and registration methods between Nengji wholesale and self-use wholesale. Nengji wholesale belongs to the regular pharmaceutical factory, and the self-use wholesale is the medicine that Wang Mopeng bought from outside, and the quality is not good. Dong Mengmeng said that Wang Mopeng bought low-priced drugs for Nengji Company, and then sold them to various community health service stations at the national standard price with the trademark of Nengji Company. Each community health service station was purchased with the medical insurance fund of the public account.

　

Throughout the case of Li Penghui, witness testimony directly mentioned the medical insurance fund, except Dong Mengmeng, and Zhang Hengxing, the accountant of Jingminkang Company. Zhang Hengxing testified: "The service station paid Nengji Company according to the accounting standard, using the medical insurance funds in the service station’s corporate account, and Nengji Company returned the wholesale money for its own use to Li Penghui and his designated personal account, and then Li Peirong took the money and gave it to Wang Mopeng to continue to buy cheap Chinese herbal medicines in Anguo."

　

"This is the cycle," Rolling Xing said. "This is a kind of deception, and it is the money from the medical insurance fund that is defrauded."

　

Judgment of first instance: the principal offender was sentenced to life imprisonment.

　

Community health service station is an important part of social public health service management, which plays an important role in the health service in China, but there are also problems. In October, 2021, the Supreme People’s Court reported seven typical cases of punishing medical insurance fraud according to law. One case was that a community health service station in Beijing defrauded more than 30 million yuan of national medical insurance funds by falsely prescribing drugs, and its legal person was sentenced to life imprisonment.

　

As for the case of Li Penghui, China News Weekly learned that it was the national medical insurance department that received the report and complaint, and then transferred the clue that "eight community health service stations were suspected of colluding with suppliers to falsely invoice and defraud the medical insurance fund" to the Beijing medical insurance department, which led to the case.

　

According to the judgment of the first instance, the Beijing Municipal Health Insurance Bureau issued a reply to prove that the actual payment amount of the Chinese herbal medicine medical insurance fund from the eight community hospitals involved in Li Penghui’s case from January 2015 to April 2020 (including the Wangyuan Community Health Service Station from May 2019) was 242,419,570.12 yuan, accounting for 81.28% of the total amount in all medical insurance transactions including Chinese herbal medicine project fees. The judicial audit report and the basic audit data on which it is based prove that from January 2015 to October 2019, of the amount of Chinese herbal pieces purchased from Nengji Company by eight community health service stations involved, the total amount of self-use wholesale (self-collected part) was 124,951,045.69 yuan, the total amount of Nengji wholesale was 90,643,353 yuan, and the total amount of Nengji delivery was 46,908,133.3 yuan; The related payment amount of Chinese herbal medicines collected by 8 community health service stations involved is 55981013.84 yuan.

　

During the trial, Li Penghui did not recognize the alleged crimes. For the crime of fraud, he argued that the raw materials of traditional Chinese medicine purchased by himself were of good quality and low price, and the drug price was reasonable after being processed and supplied to community hospitals by Nengji Company, and the price was not inflated. He never colluded with Fan Zongtang to defraud the medical insurance fund by means of high and low fares. His defender issued a defense opinion, arguing that Li Zicai’s medicinal materials are commercial operations, and low-price procurement and high-price sales are also market operations. No quality problems have been found in the above medicinal materials, and the sales prices of all links are in line with legal provisions and market conditions; Regarding the drug supply part of Nengji Company, the procurement, sales and declaration processes of health service stations are all legal, and the difference between high and low tickets is actually a kickback. In both modes, Li Penghui did not commit fraudulent acts such as fabricating facts, concealing the truth, maliciously colluding, and inflating drug prices, and the Medical Insurance Bureau did not have a wrong understanding. Li Penghui did not constitute fraud.

　

Regarding the fraud crimes of Li Penghui and others, the court judged that: objectively, Li Penghui, Fan Zongtang and others made up facts and concealed the truth; The evidence in the case can prove that the defendants cooperated with each other, fabricated the actual purchase price of Chinese herbal pieces, concealed the true basic data, and defrauded the medical insurance funds; Subjectively, each defendant has the intention of fraud and the purpose of illegal possession; The defendant’s defense and defense opinions that do not constitute fraud cannot be established, and the court will not accept them.

　

On December 29, 2023, Beijing No.2 Intermediate People’s Court pronounced: Li Penghui committed the crime of fraud, the crime of occupation, the crime of accepting bribes by non-state staff, and the crime of falsely issuing invoices, and decided to execute life imprisonment and confiscate all personal property; Fan Zongtang committed fraud and bribed non-state staff and decided to execute 15 years in prison; Li Peirong committed the crime of fraud and duty embezzlement and decided to execute a fixed-term imprisonment of 15 years; Fan Wenyuan was convicted of fraud, bribery of non-state staff and forging the seal of the armed forces, and decided to execute 12 years in prison.

　

China News Weekly learned that many people in Nengji Company and Jingminkang Company, including Fan Jinghui and Wang Mopeng, were dealt with separately. Among them, Fan Jinghui was sentenced to four and a half years, Wang Mopeng was sentenced to five years, and Chen Xiangcheng, who was the head of the supply and marketing department of Nengji Company, was sentenced to seven years. Fan Zongtang and his son and Li Penghui refused to accept the verdict and appealed.

　

(Hong Xu, Sun Yaquan, Dong Mengmeng and Zhang Hengxing are pseudonyms)

　

Published in China Newsweek magazine, No.1128, February 5, 2024.

Magazine title: the whole story of the case of community hospital defrauding 100 million yuan of medical insurance

Reporter: Liu Xiangnan

Editor: Cai Rupeng