娱乐地图 贵族宝贝 上海论坛

Audio Overview of Mainstream Music Inventory in 2016

　　　　In fact, I am very happy to write this inventory, and finally write about the audio, because I not only experienced the mobile phone scheme, but also listened to the eight mainstream HiFi music phones in 2016, and my ears were almost polished into golden ears. However, this issue will not tell you too much about the evaluation of sound quality, but will talk about the HiFi music phones that I think are the mainstream this year by way of comments, and then I will make a report on the HiFi mobile phone market next year.

　　　　In this issue of 2016 mainstream music mobile phone inventory, the author follows the following points:

1. Mobile phone brands are familiar to everyone.

2, with independent chip bonus.

　　　　In fact, these two points are also the characteristics of a music HiFi mobile phone. Big brands will have good technology research and development. In fact, the most important thing is the use of chips and sound tuning. You must know that some HiFi audio chips are completely customized for mobile phones, which requires the common optimization ability of chip manufacturers and mobile phone manufacturers; In addition to the chip, you need a Andhadhun. The author’s understanding of Andhadhun is to use relevant acoustic principles to optimize the chip and mobile phone lines (of course, this needs to be combined with architecture and line analysis) to make the sound more real and natural.

Figure Reference Table of Mobile Phone Release and HiFi Music Mobile Phone Release from 2013 to 2016

　　　　In fact, what makes the author very happy this year is that 85 mobile phones are music phones, and the music part was mentioned more or less at the time of release. This year, there are 835 mobile phone models on the market, accounting for 10.2%, which is still an increase compared with last year. In 2015, the number of released mobile phones was 815, of which 45 were music phones, accounting for 5.5%. In 2014, this number was still decreasing, with 900 mobile phones released, including 46 music mobile phones, accounting for 5.1%; In 2013, 863 mobile phones were released, including 28 music phones, accounting for 3.3%.

Figure HiFi music mobile phones accounted for the percentage of all mobile phones sold in that year.

　　　　From this point of view, manufacturers are constantly paying attention to the future development of music mobile phones. It is predicted that in 2017, HiFi music mobile phones will become an area that manufacturers will compete for, because there are constantly traditional HiFi chip manufacturers customizing chips for mobile phones. In fact, mobile phones that use HiFi chips alone can also be excavated from music mobile phones. This number is also constantly rising.

　　　　Therefore, in view of this inventory of music mobile phones, the author will be divided into two parts.Today, this part is called "Mobile Phone Playing HiFi 2016 Mainstream Music Mobile Phone Inventory", which is to let readers know about the release of music mobile phones from 2013 to 2016 first, and use charts to give readers a clear understanding. After that, I will give readers an inventory of the music mobile phones that I think are excellent this year, and have a simple understanding.

　　　　In the second part, I will put some very important parameter tests in the next topic, and I will use this part.Actual parameter sumActual hearing senseGive the reader a clear picture. The test platform will choose RMAA, which takes some time to adjust and prepare, and gives a more comprehensive and objective analysis combined with the sense of hearing.

　　　　If you want to be less laborious, you can read this simple inventory and have a general understanding of this year’s HiFi music mobile phone.

HiFi mobile phone pioneer　

vivo　　

　　A scheme that has been developed for more than two years is used: -Fi3.0 architecture. Dual ES9028, triple OPA1612, and independent decoding and amplification of left and right channels are adopted, with dual clock crystal oscillator and secondary power supply. Compared with the ES9018K2M (signal-to-noise ratio of 127dB, distortion rate of -120dB), which is jointly customized and developed by vivo and ESS, it has been widely used, and adopts QFN packaging method. ES9028Q2M, according to the official introduction of ESS, the signal-to-noise ratio of the chip is as high as 129dB, while the distortion rate is -120dB. The data can be said to be excellent.

　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　Introduction to ESS9028 (fromESSOfficial website)

　　　　At the same time, a dual channel is used in the mobile phone, one channel is ESS9028, and then the left and right channels are decoded separately through OPA1612. The advantage of this is that the crosstalk interference can be minimized and the overall parsing ability can be improved.

　Interpretation of sound quality chip (picture taken from vivo network)

Summary:

　　　　In fact, the most important sound of this mobile phone is the consistent feature of ES9028: outstanding resolution, relatively large thrust of sound in the mobile phone, and general headphones will be full, so there will be no big problems in this respect.

Classical sound first choice　

　　　　ZTE is the one I like very much, especially the front of the top version. The upper and lower materials of walnut can show a noble workmanship. In fact, the author has already evaluated the sound quality of this mobile phone before, and this time I just want to review it with readers. Of course, we must pay attention to the audio configuration of the mobile phone: AKM4490+AKM4961.

　　　　Let’s take a brief look at the chip promotion page of the chip manufacturer

Chip introduction (from ESS official)

　　　　AK4490EN is an ideal audio chip for mobile devices. It supports high bit rate input PCM 32BIT/768KHz source output, and also supports high-specification 11.2MHz DSD files.

Chip introduction (from ESS official)

　　　　AKM’s advanced DAC chip AK4490EN and top DSP series AK4961. K4961 further integrates ADC into the interior, in other words, it adopts independent ADC+ independent DAC+ independent amplifier, and has high-quality recording and sound playback processing ability in AK4961 chip, which can be applied to computers, mobile phones, voice recorders and other professional tools.

restore

　　　　In fact, the configuration of this mobile phone is also the mainstream flagship configuration: Xing uses a 2K resolution AMOLED screen, equipped with Qualcomm Snapdragon 820 quad-core processor, and built-in 4GB/6GB large memory +64GB/128GB storage space combination. It has a front camera with 8 megapixels+a rear camera with 20 megapixels.

Clean and powerful voice control　

　　　　For Meizu, there is no need to say too much about sound, because the audio is indeed a very experienced manufacturer, and Meizu Music Card is a classic product, which is very good in terms of workmanship and sound. For the flagship, Meizu is also very attentive to the sound quality, first of all, it is the exploration and application of sound quality chips: the CS43L36 decoding and amp integrated chip of CirrusLogic.

　　　Meizu adopts a CS43L36 decoding and amp integrated chip of CirrusLogic, which basically controls the audio parts involved.

Simple chip introduction (picture from CirrusLogic official website)

　　　　This chip is an integrated chip of decoding and amp that CirrusLogic specifically solves for mobile solutions. There is very little introduction on the official website, so we can only take the sense of hearing as a reference. Is the sound of the independent chip better or the integrated solution better?

Meizu official website Sound Quality Introduction Interface (Image from Meizu official website)

　　　　In terms of configuration, it is also the flagship level: Meizu uses a 5.2-inch 1080p screen with 2.5D cambered Corning Gorilla glass protection, and is equipped with MediaTek’s ten-core Helio X25. The processor adopts a 3-cluster architecture, based on ARM big.LITTLE, with a 20-nanometer process, and the highest frequency is 2.5GHz. Built-in memory combination of 4GB RAM+32GB/64GB ROM can smoothly run Flyme 5.6 based on Android 6.0 system, and has a built-in 2560mAh battery.

MEIZU

　Editor’s comment:

　　　　This mobile phone is very good with portable big ears, especially headphones with low impedance and low sensitivity. It can also be seen from the side that the thrust of this mobile phone is appropriate, even if the vocal performance is not exciting, it is a kind of voice that is a little warm and a little hoarse.

Excellent hammer l without mentioning sound quality　

　　　　I believe many friends are very interested in this year’s release. After all, this one can be said to be the main stream of the hammer mobile phone, especially the hammer and L. Especially from the configuration point of view, it is indeed the flagship mainstream level. In fact, the author is most concerned about the audio chip of the hammer mobile phone. As can be seen from the official website, this mobile phone uses chips that are very mainstream in the market and have excellent performance and parameters.

Parameter comparison between Smartisan and Smartisan L (quoted from the official website of Hammer)

　　　　CS4398 is the flagship decoding chip of Cirrus Logic, and its performance is excellent. It can also be found in the CD player with a price of more than 70,000 yuan. CS4398 is a decoding chip with a specification of 24Bit/192K Hz. It has a signal-to-noise ratio of more than 120 dB and a dynamic range, and the total harmonic distortion+noise is as low as 0.0005%. It adopts an advanced special multi-bit Delta-Sigma modulator and integrates mismatch noise shaping technology. (It seems to be very powerful) Although the price and index of cs4398 are not the highest and most expensive category of decoding chips, the sound of this sound quality chip is actually very special.

Smartisan series

Editor’s comment:

　　　　Although the specific parameters of this mobile phone were not put forward in detail at the press conference, it is very good in both the audio parameters and the actual listening sense. The single DAC chip not only improves the sound thickness, resolution, sound field and thrust compared with the mobile phone without a single DAC chip.

　See also ES9018K2M chip.　

　　　　This chip can be said that the author likes a chip very much. From the traditional computer to the terminal, almost all audio-related devices adopt ESS Technology’s chip technology, such as the recently popular Daao II HE1 and HiFiMAN 901 series, etc., and the chip technology of ESS Technology was adopted as early as possible, which is enough to show the importance attached by vivo mobile phones to audio.

The second generation of Daao uses the full version of ES9018 chip (quoted from Google).

　　　　Actually, for ESS, ESS Technology Inc. was founded in California in 1984, and its founders applied the scientific and technological inventions of audio reconstruction to electronic audio books and greeting cards. ESS then applied this audio technology to personal computers, successfully developed the first stereo single chip, and condensed the huge computer sound blaster card into a semiconductor chip, becoming the leader of audio chip technology for personal computers and notebook computers.

The mobile terminal adopts ES9018K2M chip (quoted from baike).

　　　　Today, ESS Technology Company has developed into an important manufacturer of semiconductor chips for multimedia, personal computers, consumer electronics and other products in the world. Besides computer audio chips, video technology (MPEG) and fax/Modem technology (Modem) of ESS provide customers with high-performance, advanced technology and reasonable price chips and supporting software solutions, which is one of the important pillars of ESS Company’s success.

　Plus

　　　　As a mobile version of ES9018, ES9018k2m perfectly solves the problem of huge power consumption, and has a dynamic range of 127dB DNR. The ESS audio chip has 127 dB, which can better show the details of music. The ultra-low distortion of -120dB THD+N can better restore the essence of music; The sampling rate reaches 192kHz/24bit, which will meet the performance level of the most demanding audio lovers. At the same time, it also supports a variety of lossless music such as DSD, APE and FLAC, so that you can enjoy higher quality music.

Editor’s comment:

　　　　This chip is mature, and it is very suitable to be placed on vivo X9 Plus. First of all, the sound is clean and the background is very black. At the same time, matching headphones can be described as "tiger balm", especially earplugs, which can get a good sense of hearing.

It has always been a custom chip.　

　　　　The biggest difference is the removal of the 3.5mm headphone jack. In fact, we still need to start from the initial disassembly. First of all, the author can find from the disassembly diagram that the previous 3.5mm headphone jack has been occupied by the TAPTIC Enging module and the home button. This module can bring a similar feel to the mechanical Home button when pressing the iPhone7. However, the impression of thinning the thickness of the fuselage did not appear, and I can only say that I was slightly disappointed.

From the disassembly diagram, we can see that TAPTIC ENGING in the new iPhone7 series occupies the position of 3.5mm headphones.

　　　　Red: apple/cirrus logic 338s00105audiocodec orange: Cirrus Logic 338S00220 audio decoding chip (x2).

　　　　1MORE’s three-cell ring iron earphone Lightning digital version with iPhone7 simple listening introduction:

　　　　This earphone had the first generation, 1MORE three-cell ring iron earphone. This time, the plug was replaced by Lightning and the decoding chip was built in. What about it? First of all, the biggest feeling for the author is: the improvement of overall analytical power and clean background. The song "Never say never" can fully show the characteristics of this earphone: the vocal performance is clear, and Justin Bieber’s voice line is clear and elastic, and the vocal knot is not particularly front, and there is no common sense of "sticking to the face". The low frequency shows that the dive is fast, the rebound is appropriate, and the amount is medium, so you won’t feel the boom. The resolution of high frequency on iPhone7 is still good, and there is no "harsh" feeling, while the extension performance is excellent.

1MORE’s three-cell ring iron earphone Lightning digital versionWith iPhone7

Editor’s comment:

　　　　I didn’t feel any trouble with this headset, because the iPhone7 came with a patch cord, so the 3.5mm headset can be used as usual. At the same time, the AirPods headset has been released recently, which can be said to be seamless, and there is no need to consider the fetters of wires at all. However, it is a little difficult to grab this headset, and it will take nearly 6 months to deliver it. It is better to replace the headset with the Lightning digital version interface, such as the 3-cell iron headset of 1MORE, which was simply evaluated above.

Traditional manufacturers play HiFi, and the sound is not bad. Cool 1S

　　　　This model not only has excellent performance, but also has remarkable accessories, especially headphones. For example, it is equipped with AKG custom headphones (the author studied it, and this headset is AKG high-end HiFi headphones).

Better resolution and clearer sound quality (quoted from Cool official website)

　　　　This audition experience can be said to be very good, not only the interface is very friendly, but also the operation can be very simple. At the same time, it also integrates a very good concert ticket purchasing function, so that you can enjoy the charm of music at the same time. It can be said that Cool 1S has truly achieved HiFi-level sound quality in terms of sound, not only with the built-in Harman Clari-FI sound source restoration algorithm, but also with the LiveStage virtual surround sound effect algorithm, so that the sound quality can be perfectly restored from the details to the sound field.

Editor’s comment:

　　　　The configuration of this mobile phone is also good: S1 adopts Qualcomm Snapdragon 821, screen, IMX298 sensor, equipped with rear camera and 0.1 second speed PDAF phase focusing technology; The 8-megapixel front camera can achieve a super-large pixel size of 1.4 μ m. Equipped with a large battery capacity of 4070mAh and AKG custom headphones, it can be said that it is an all-round mobile phone for HiFi to listen to music and play games.

　The first ES9038 high-quality chip.　

　　　　Supporting DSD in hardware decoding is simply a bunker, and vivo is the first audio chip of ES9038, which I am very concerned about. Furthermore, supporting hardware decoding will further improve the sound quality, and at the same time, three OPA1622 can provide a good thrust, so it is no problem to carry big ears.

　　　　Friends who used to watch the author’s evaluation before will be very curious. Why not evaluate the mobile phone sound? No, I’m trying vivo Xpay6 these days. The sound quality of this mobile phone still needs to be explained, because this mobile phone uses ES9038 chip, and this author can only find the data of ES9038 PRO:

Unfortunately, ES9038PRO will not appear on mobile phones (quoted from ESS official website).

　　　　ES9038PRO is a DAC chip with the highest index in the industry, with signal-to-noise ratio as high as 140dB and total harmonic distortion plus noise of -122dB. At the same time, it is a 32-Bit, 8-channel DAC. From the parameter point of view, ES9038PRO is enough to kill all opponents in the market, and it also successfully took over from the flagship ES9018S(129dB, -120dB) of the previous generation.

　　　　But the mobile phone is not available.

　　　　So the author went to the official website of vivo to find out and saw the introduction on the official website of vivo:

DSD hardware decoding is the highlight (quoted from vivo official website)

　　　　It can be found that in addition to starting ES9038, there are three operational amplifiers OPA1622. In fact, the most important thing is to support DSD hardware decoding. When you see DSD, someone may ask what format it is. In fact, this evaluation is mainly about lossless sound quality: nothing more than WAV and format, but the DSD format file is actually fundamentally different from WAV and FLAC. I won’t explain here such very profound words as WAV encapsulated in pulse code modulation format, DSD using pulse density modulation (PDM) and so on. But the author also briefly summarized it.

DSD format is still very advantageous.

Advantages:

　　　　1. Compared with WAV and FLAC formats, WAV has a higher sampling rate. Generally, WAV has a sampling rate of 44.1KHZ, while DSD can reach 176KHZ if converted into PCM format because it is a single bit stream.

　　　　2. The noise above the sound will be much cleaner. This has a great relationship with the role of the modem, which directly concentrates the noise on the UHF part.

Summary:　

　　　　These mobile phones really let you see the mainstream music HiFi mobile phones in 2016. Whether you want to listen to songs with a good sound quality mobile phone or an audio enthusiast, these HiFi music mobile phones introduced by the author here are all models that can represent the mobile phone market in 2016. This is equivalent to a review, or please be calm and wait for the author."2016 mainstream music mobile phone inventory test and listening"In this article, the author will use the sound card to install RAMM for testing, and then combine the corresponding sense of hearing.

　　　　Which music HiFi phone do you like and what you want to communicate with the author? Please leave a message below.

　　() The Record Form of Investor Relations Activities was released on February 22nd, and the company was investigated by 14 institutions on February 22nd, 2024. The types of institutions are insurance companies, others, fund companies and securities companies. The main contents of investor relations activities are introduced:

　　Q: How is the company’s recent operation?

　　A: The company has disclosed the annual performance forecast for 2023, and the company’s operation is in good condition. Please pay attention to the subsequent 2023 annual report for specific operating data.

　　Q: What is the company’s customer structure? What are the key customers to develop in the past two years?

　　A: On the whole, the top five customers of the company are (), Geely, FAW East Machinist, Nanyang Xijia and Great Wall. From the stabilizer bar customers, the top three customers are Geely, BYD and Changan. In 2024, the company’s development of customers is on the one hand the self-increment of old customers such as BYD, Changan and Chery, and on the other hand the new development of foreign capital, joint ventures and new power brands.

　　Q: What is the company’s product planning layout and release rhythm?

　　A: The company’s production capacity is being released at the normal pace. The spring end released about 30% of the production capacity last year, while the stabilizer end has been built at a faster pace due to urgent demand. Two production lines have been launched last year, and four more production lines are expected to be launched this year.

　　Q: What is the production capacity of valves and special-shaped springs?

　　A: The production capacity construction of valves and special-shaped springs is continuous, and the production capacity has increased compared with the past. At present, the company’s focus is still on suspension springs and stabilizer bars. After the subsequent production capacity and demand of suspension springs and stabilizer bars are balanced, other categories will be further expanded.

　　Q: What is the change trend of gross profit margin of springs and stabilizer bars?

　　A: The gross profit margin of the spring is similar to that in the past. The stabilizer is in the early stage of R&D investment, which involves a long development cycle and high R&D expenses, which also leads to its insignificant gross profit margin. However, the stabilizer bar has been mass-produced, and the income of stabilizer bar is on the rise, and the increment and growth rate are very fast, and it will continue to grow. Under the influence of economies of scale, the gross profit margin will gradually move closer to the spring.

　　Q: In the field of industrial robots, what is the unit price of the company’s products?

　　A: The supporting part of the industrial robot company is around a group of 1000 yuan.

　　Q: What is the opportunity for the company to support the industrial robot field?

　　A: The company’s support for industrial robots can be traced back to several years ago. On the one hand, the company is actively exploring non-automotive fields, on the other hand, the other side also has the intention of cooperation. It took a long period from qualification certification to product testing and debugging, and it was not until recent years that mass production began. The springs supplied by the company on industrial robots are mainly installed in the balance cylinder, which is equivalent to the function of a lever, which can reduce the demand for motors and power, and there are also some small springs.

　　Q: What is the proportion of BYD and Geely?

　　A: In BYD, the company’s suspension springs account for about 70%, and the stabilizer bar is in the climbing stage, currently accounting for more than 10%. In Geely, because there are two ways to supply suspension springs, the proportion of suspension springs is similar to that of BYD, and the stabilizer bar is around 30%.

　　Q: At present, BYD Company accounts for a relatively high proportion. Will the company continue to increase this proportion?

　　A: The company is also adjusting its strategy internally. In the past two years, the fastest development of the company is the automobile industry. However, our philosophy is not to excessively concentrate a product in an industrial chain, just like the concept of not putting eggs in the same basket. It is necessary to spread risks to make the whole industrial structure safer and make the fluctuation of a certain customer or an industry relatively weakened.

　　Q: Will the company have capital expenditure in the future?

　　A: The company will have an investment plan in the future, which will be disclosed in time.

　　Q: What is the supply mode of suspension springs?

　　Answer: The front spring is generally supplied by the shock absorber factories such as FAW Dongji, Wandu and Nanyang Xijia, and the rear spring is generally directly supplied to the main engine factory, which is mainly determined by the type of shock absorber equipped with the vehicle model.

　　Q: The raw material of the company’s products is steel. Does the price fluctuation of steel have a great influence on the company?

　　A: There are two kinds of purchasing modes at the steel mill end, one is the price-locked purchasing mode, and the other is the floating purchasing mode. If the subsequent steel price rises, the company will increase the volume in the locked-price procurement mode, and if the subsequent steel price falls, the company will increase the volume in the floating procurement mode.

　　Q: Is there any development of non-car-end springs in the future?

　　A: The company has always had the spring business of non-automobile plate, such as rail transit, electrical energy and so on. At present, this part is relatively small.

　　Q: What are the main competitive advantages of the company?

　　A: The company can take root in this field, mainly because of our independent research and development of materials, with many years of technical accumulation and precipitation. Through cooperation with domestic spring steel enterprises, the company will carry out the heat treatment process of spring steel after the steel mill provides the masterbatch, thus improving the performance of materials. It has a unique competitive advantage in the market to meet the requirements of high performance and light weight of automobile springs.

　　Q: Where is the company’s future performance increment?

　　A: The stabilizer bar will still be the incremental point in 2024.

　　Q: Is there a difference in the manufacturing process between the spring and the stabilizer bar?

　　Answer: Both the spring and the stabilizer belong to the functional parts of the automobile chassis, and the materials used are basically spring steel. The underlying technology has certain commonality logically. Spring and stabilizer are similar in main processes, such as molding, heat treatment, shot blasting, surface coating and so on, and the process logic is very similar.

　　Q: What is the bicycle value of spring and stabilizer bar?

　　A: A car needs four suspension springs. The price of a traditional fuel car is between 130 and 200 yuan. The front and rear stabilizer bars need to be used in a car. The price of a traditional fuel car is between 120-160 yuan. Compared with the traditional car, the new energy car’s kerb quality is increased, so the bicycle value is increased by 20-30%.

　　Q: Will downstream manufacturers consider making their own springs?

　　A: There have been precedents. Some manufacturers made their own springs, but in actual production, they found that the input and output were not equal. Later, they stopped making their own springs and chose to use them outside.

　　Details of participating institutions are as follows:

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!

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 News Agency, Beijing, June 8 (Reporter Xie Xiyao, Zou Duowei) Li Xinggan, director of the Foreign Trade Department of the Ministry of Commerce, said on the 8 th that since the beginning of this year, with the gradual recovery of production in neighboring countries, some foreign trade orders that returned to China last year have flowed out again. Overall, the scale of these orders outflow is controllable and the impact is limited.

This is what Li Xinggan said in response to a reporter’s question about the order outflow and industrial relocation of some domestic industries at the routine briefing on the State Council policy held that day. He said that the relocation of some industries conforms to the economic law, and China has been ranked as the world’s largest exporter of goods for 13 consecutive years. With the continuous upgrading of domestic industries, the factor structure is changing, and some enterprises take the initiative to make global layout and transfer some of their manufacturing links abroad, which is a normal phenomenon of division of labor and cooperation in trade and investment.

Li Xinggan emphasized that China’s position in the global industrial chain supply chain pattern is still consolidated. China has a complete industrial system, obvious advantages in infrastructure, industrial supporting capacity and professional talents, and the business environment is constantly optimized, and the attractiveness of the super-large-scale market is constantly increasing. In the first four months of this year, the actual use of foreign capital in China increased by 20.5% year-on-year, equivalent to 26.1% year-on-year.

Talking about how to fully help foreign trade enterprises to guarantee orders, expand markets and stabilize industries, Li Xinggan said that it is necessary to promote effective policies and measures, fully help foreign trade enterprises to resume work and reach production, and comprehensively restore and continuously enhance the comprehensive competitiveness of foreign trade enterprises in China; Strengthen the service guarantee of enterprises and make every effort to help solve the difficulties and problems encountered by foreign trade enterprises in trade facilitation, logistics and transportation, and obtaining orders; Guide the optimal layout of production capacity, guide the gradient transfer of industries to the central and western regions and northeast regions, and guide qualified enterprises to carry out global layout in an orderly manner.

Li Xinggan emphasized that we should firmly promote the high-level opening up, implement the Regional Comprehensive Economic Partnership Agreement (RCEP) with high quality, continue to promote the strategy of upgrading the Free Trade Zone, continue to promote the accession to the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) and the Digital Economy Partnership Agreement (DEPA), and standardize the international trade rules, so that China will always become a hot spot for foreign investment.

　　Judicial trial data is the most intuitive reflection of the trial work, and the Supreme Court emphasized in advance that courts at all levels should "resolutely put an end to not accepting cases at the end of the year".

　　On October 17th, the Supreme People’s Court held a consultation on data analysis and judgment of judicial trials in the first three quarters of 2023. Zhang Jun, president of the Supreme Court, said that the quality, efficiency and effectiveness of trials in the first three quarters of the country have steadily increased, and it is necessary to strictly implement the requirements of the settlement rate within the trial limit, and no longer use the annual settlement ratio and settlement rate indicators, and resolutely put an end to not accepting cases at the end of the year.

　　At the chamber of commerce, the leaders of the Supreme Court and the heads of various business chambers spoke line by line in combination with detailed data reports, problems reflected in case trials and problems found in field research, and put forward opinions and suggestions on strengthening and improving the work.

　　"Since the two sessions this year, we have conducted three data meetings, and the analysis and judgment have become more and more in-depth and accurate, and a fixed mechanism has been formed. In view of the problems found in the data consultation, each business office deeply analyzes the reasons and studies the improvement measures in combination with the actual work, and has done a lot of extra-case ‘ Grasp the front end and cure the disease before it happens ’ The work of grasping the quality and efficiency of trials has achieved remarkable results. " Zhang Jun pointed out that it is necessary to give full play to the role of data consultation, and promote the modernization of judicial work with scientific research and judgment of judicial trial data.

　　Combined with the problems reflected in the data and work measures, Zhang Jun put forward three requirements:

　　First, the Supreme Law should grasp the top priority of judicial trial, pay close attention to studying, improving and perfecting work measures in view of the fact that its own trial execution is not in place, and ensure the successful completion of the trial task throughout the year. For the problem of "debt owed" in the trial work of local courts reflected by the data, it is necessary to urge and guide to seize the time to fill in the shortcomings, while ensuring high quality and efficiency, and preventing "radish from washing the mud".

　　Second, make full use of the results of the consultation, and seriously sum up and popularize the experience of the courts that rank in the top five in terms of data indicators, especially those whose work has improved significantly since this year. For the court whose work is obviously lagging behind, it is necessary to earnestly supervise and guide, and conduct pressure at all levels. The leaders in charge of the hospital and the main responsible comrades of the business department should lead a team to conduct on-the-spot investigation, find out the root cause of the problem and clarify the improvement measures. It is necessary to strictly implement the requirements of the settlement rate within the trial limit, and no longer use the annual settlement ratio and settlement rate indicators. Through scientific trial management, we will resolutely put an end to not accepting cases at the end of the year. Take the initiative to accept the supervision from all walks of life, and verify one case and one case in informed criticism for violating scientific management and leading some grass-roots courts not to accept cases at the end of the year. For cases that may occur at the end of the year, such as arrears of wages for migrant workers, we should take the initiative to judge in advance and promote the settlement as soon as possible.

　　Third, all business courtrooms should enhance their awareness of active justice, carefully study the deep-seated reasons for the increase of a case in each line, take the initiative to communicate with relevant departments and relevant courts, and do the source treatment with the concept of win-win and win-win. On the basis of giving full play to the role of "bringing in" mediation organizations, we should devote more energy to the guidance of "going out", and constantly improve the ability of people’s mediators and industry mediation organizations to resolve disputes through case guidance, business training, and attending court trials. It is necessary to give full play to the role of "answering the law" and improve the ability of judges to understand and apply the law. It is necessary to speed up the construction of the case database of the people’s courts, unify the judgment standards through typical cases, and promote the settlement of similar cases.

There are many people who blindly look at the vehicle power parameters when buying a car. In fact, the larger the value, the better the experience. Today, I picked a car to introduce to you, and it is. Without further ado, let’s take a look.

Take a look at the appearance of Skyworth EV6 first. The front shape of Skyworth EV6 is dignified and looks very delicate. The headlights are very in line with the consumer’s aesthetic, and the overall look is very elegant. The car is equipped with automatic opening and closing, delayed closing, etc. To the side of the body, the body size of the car is 4720MM*1908MM*1696MM. The car adopts a youthful and personalized line. The side of the car presents a delicate design style, with large-sized and thick-walled tires, which leaves a very fashionable feeling. In terms of the rear, the overall shape of Skyworth EV6’s rear echoes the front face. The taillights look very cold, and the overall look is very young and fashionable.

Coming to the Skyworth EV6 car, the front face of Skyworth EV6 looks very avant-garde, and the overall visual effect is very distinctive. The steering wheel shape of the car is bright, and it is made of leather material, which looks a little more simple. From the central control point of view, with the 15.6-inch touch LCD central control screen, the interior style is impressive and stable. The dashboard and seats also feel good. Let’s take a look. The dashboard of the car presents a delicate design style, and the design is relatively cold. The car adopts leather seats, which are wide and thick, exquisite in materials, and comfortable to ride.

Skyworth EV6 is 150KW, with a total torque of 320N.m, a maximum speed of 150km/h, and a maximum cruising range of 520km. The electric vehicle has a good cruising range and meets daily needs.

In terms of configuration, Skyworth EV6 is equipped with driving mode selection, remote control key, Bluetooth key, rear wiper, in-car ambient light, traction control (ASR/TCS, etc.) and other configurations.

This car has already been introduced, and I believe that many users who buy a car have taken a fancy to its comfort and practicality. If you are also concerned, you might as well experience it.

　　[Information] On August 6th, SAIC-GM-Wuling officially announced that S was officially listed. The new car listed this time is equipped with 1.2L and 1.5L models, and three models have been launched according to different configurations.The price range is 61,800-69,800 yuanPlease see the table below for the detailed selling price:

● New car features

　　In terms of body size, compared with the current Wuling Hongguang, the length and height of the body of Wuling Hongguang S are slightly increased, and its appearance becomes more fashionable and sporty. While pursuing multi-purpose of one car, it pays more attention to family life and leisure.

　　The change of Wuling Hongguang S in the front face is still obvious. The design style of the front air intake grille is more home-oriented, changed to quadrilateral design, and the front lower guard plate is added, which makes the cross-border style more intense.

　　In terms of interior, the style of the center console has also undergone a brand-new design, and it adopts a two-color design with a deep top and a shallow bottom, which is more fashionable than the cash, and the home style is also more intense. In addition, the high-profile models are also equipped with a 7-inch display and have functions such as Bluetooth and reversing images.

　　The manufacturer has made a variety of seat forms for customers to choose from for Wuling Hongguang S, which are 5 seats, 7 seats and 8 seats respectively. Among them, the 7-seat and 8-seat models can be folded and turned over, which can expand the storage space of the trunk and facilitate loading.

　　In order to cater to the favor of young consumers and home users, Wuling Hongguang S did not copy the conservative body color of Wuling Hongguang, but chose some more beautiful colors, and increased from the current six to eight, namely candy white, earth brown, quicksand gold, desert gold, clear sky silver, storm gray, coral red and sea blue. In addition, it still shows the determination to move closer to the family. Wuling Hongguang S abandoned the better bearing capacity and used the spiral connecting rod swing arm half with better comfort.

　　In terms of power, Wuling Hongguang S uses not only the 1.2L engine of Wuling Hongguang, but also the P-TEC 1.5L DVVT engine, with a maximum horsepower of 112 HP and a peak value of 147 Nm, which matches the engine with a 5-speed drive mode.

　　The new car is also rich in configuration. All models come standard with aluminum alloy wheels, driver’s seat, +EBD and audio system with CD+USB interface. The high-profile models also add remote control folding keys, 7-inch display, visual reversing radar and other practical configurations.

● New car background

　　In September, 2010, SAIC-GM-Wuling launched China’s first compact commercial vehicle product-Wuling Hongguang. The car has been recognized by the market for its smooth appearance and practical space. And with the monthly sales of about 30 thousand units, it has become the leading model in this market segment. However, in recent years, the cross-border wind has blown up in China, and the more comfortable and richer models are gradually favored by users. Therefore, the manufacturers have launched Wuling Hongguang S. On the basis of Wuling Hongguang, the car has increased its body size, replaced with a 1.5L engine and enriched its configuration, thus enhancing its freshness and competitiveness.

● Competitors

『』　　　『』

　　Since Wuling Hongguang achieved very good market performance, and Xiaokang, two old rivals, also found business opportunities in this market segment and successively launched their own products. The Ono model focuses on greater spatial performance; The well-off scenery of Dongfeng, which will be listed on September 1st at the beginning of next month, has a "family" dead ringer, both of which have their own characteristics. In addition, users who buy such models are quite sensitive to the price, so their pricing is very close. However, Wuling also has a more favorable advantage, that is, a huge user base and a good market reputation.

● Adapt to the crowd

　　After the listing of Wuling Hongguang S, it will be sold together with the current Wuling Hongguang. The two cars complement each other and can meet the car demand of more users. Wuling Hongguang is outstanding and practical, and most models use leaf spring rear suspension, which mainly meets the needs of users with partial load; Wuling Hongguang S is rich in configuration, colorful and beautiful, and it is equipped with a more powerful 1.5L engine, and the whole system uses spiral spring connecting rod swing arm semi-independent suspension, which will make the ride feel more comfortable. It faces those young and fashionable family users. (text/Home of the car Liu Wei)

　　Read more:
　　Try Wuling Hongguang S 1.5L luxury model close to family.
　　//www.autohome.com.cn/drive/201306/559381.html

Xinhua News Agency, Brussels, April 9-The full text of the joint statement of the 21st China-EU leaders’ meeting is as follows:

Joint Statement of the 21st China-EU Leaders’ Meeting
(Brussels, Belgium, April 9, 2019)

preface

1. People’s Republic of China (PRC) Li Keqiang, Premier of the State Council of the People’s Republic of China held the 21st China-EU Leaders’ Meeting with European Council President donald tusk and European Commission President Jean-Claude Juncker in Brussels on April 9th, and issued the following statement.

2. China and the EU reaffirm the vitality of China-EU comprehensive strategic partnership, and are willing to make joint efforts to achieve peace, prosperity and sustainable development, and promise to support multilateralism and respect international law and basic norms of international relations with the United Nations at the core. The two sides pledged to uphold the Charter of the United Nations, international law and the three pillars of the United Nations, namely, peace and security, development and human rights.

The European side reiterated its adherence to the one-China policy.

bilateral relations/ties

3. The leaders of the two sides reaffirmed their commitment to deepening the four partnerships of China-EU peace, growth, reform and civilization through the full implementation of the China-EU Cooperation 2020 Strategic Plan on the basis of the principles of mutual respect, mutual trust, equality and mutual benefit. China and the EU are committed to strengthening cooperation, especially within the framework of the existing bilateral dialogue. China and Europe welcome the new round of China-EU high-level strategic dialogue held not long ago. In order to further expand and deepen exchanges and cooperation after 2020, China and the EU will formulate a new cooperation agenda before the next China-EU leaders’ meeting.

4. China and EU are committed to building their economic and trade relations on the basis of openness, non-discrimination, fair competition, transparency and mutual benefit. The two sides promised to make decisive progress in the negotiations in 2019, especially in terms of investment liberalization commitments, so as to reach a high-level China-EU Comprehensive Agreement on Investment in 2020. The high level of the agreement will be reflected in the substantial improvement of market access, the elimination of discriminatory requirements and practices affecting foreign investors, the establishment of a balanced investment protection framework and the inclusion of provisions on investment and sustainable development. The two sides agreed to establish a high-level communication mechanism to continuously supervise the negotiations and report the progress to the leaders before the end of this year.

5. China and the EU are committed to ensuring equal and mutually beneficial cooperation in bilateral trade and investment. The two sides reaffirmed their willingness to strengthen bilateral economic cooperation, trade and investment, and to give each other broader, more convenient and non-discriminatory market access. To this end, the two sides will increase their efforts to find mutually agreed solutions for some key barriers identified by both sides, and make an inventory at the next China-EU leaders’ meeting. In this context, the two sides will hold meetings as soon as possible and speed up their work to achieve concrete results through existing channels. The two sides reiterated the importance of adhering to international scientific standards.

The two sides agreed to promote bilateral trade in agricultural products and food, while respecting international standards on sanitary and phytosanitary matters, especially the principle of zoning. The two sides agreed to explore the application of OIE zoning principles to trade based on OIE analysis. The two sides are committed to expanding market access for mutually supplied agricultural products and food in a transparent and predictable manner. The two sides will seek the guidance of international standard-setting institutions on the official certification of low-risk foods.

6. The EU supports China’s progress in accelerating its accession to the WTO Agreement on Government Procurement, and China is willing to improve its bid in an ambitious way. China will actively promote relevant work as soon as possible.

The two sides stressed the importance of following international standards in intellectual property protection and law enforcement. The two sides will continue to work hard to achieve substantive results in mutually agreed priority areas such as malicious registration of intellectual property rights, intellectual property law enforcement and trade secrets. The two sides are committed to creating a legal environment in which creators, inventors and artists can license their rights according to market terms and effectively enforce these rights in courts and related institutions.

The two sides noted the recent progress in the negotiation of the agreement on geographical indications, and welcomed the initial agreement on the text and the protection of most geographical indication names of both sides. The two sides promised that in order to formally conclude the negotiations before the end of 2019, they will continue to cooperate in the coming months to solve the remaining problems, especially those related to the remaining geographical indications.

China and the European Union look forward to launching the joint feasibility study on deepening cooperation in the field of wine and spirits at an early date.

7. The two sides welcomed the signing of the Framework Agreement on China-EU Competition Policy Dialogue and the Memorandum of Understanding on Establishing a Dialogue Mechanism in the Field of Fair Competition Review System and State Aid Control System, and will continue to strengthen pragmatic cooperation to create a level playing field for operators in all countries, including Chinese and European enterprises, and promote the healthy development of bilateral and global economic and trade relations.

8. China and the EU are making active efforts to sign the China-EU Agreement on Civil Aviation Safety and the China-EU Agreement on Certain Aspects of Flight as soon as possible. The two sides welcomed the holding of the 8th China-EU Energy Dialogue and the signing of the Joint Statement on the Implementation of China-EU Energy Cooperation, and supported the launch and implementation of the newly established China-EU Energy Cooperation Platform. The two sides pledged to actively promote the dialogue between China and Europe in the field of personnel exchanges and immigration, and complete parallel negotiations on visa facilitation agreements and cooperation agreements on combating illegal immigration as soon as possible.

9. China and the EU reaffirmed their commitment to the implementation of the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda. The two sides will strengthen exchanges on international development cooperation, explore cooperation with other partner countries and work together to promote the implementation of the 2030 Agenda for Sustainable Development.

10. China and the EU reaffirm that all human rights are universal, indivisible, interdependent and interrelated. The two sides welcomed the regular China-EU human rights dialogue held on April 1-2, 2019, and agreed to conduct human rights exchanges at the bilateral and international levels on the basis of equality and mutual respect, including under the UN human rights mechanism. The two sides will explore ways to strengthen cooperation in the United Nations framework and other fields in the future.

11. The China-Europe Network Working Group aims to maintain an open, secure, stable, accessible and peaceful information and communication technology environment. Both sides welcome the ongoing discussions in the Working Group and agree to continue to strengthen exchanges and cooperation. The two sides recalled that international law, especially the Charter of the United Nations, is applicable to and crucial to maintaining peace and stability in cyberspace. The two sides worked hard to promote the formulation and implementation of internationally accepted national codes of conduct for responsible cyberspace within the framework of the United Nations. The two sides will strengthen cooperation in combating malicious activities in cyberspace under the China-Europe Network Working Group, including cooperation in intellectual property protection.

5G will provide basic support for future economic and social development. The two sides welcomed the progress and further exchanges in the dialogue and cooperation mechanism based on the 2015 China-EU 5G Joint Statement, including technical cooperation between industries.

12. Both sides welcomed the successful holding of the Fourth China-EU Dialogue on Innovation and Cooperation. The two sides confirmed their willingness to extend the China-EU Science and Technology Cooperation Agreement.

The two sides are committed to strengthening exchanges and cooperation in the fields of education, tourism, researchers’ exchanges, culture, media, youth and sports through the China-EU high-level foreign language exchange and dialogue mechanism. The two sides look forward to the fifth meeting of the China-EU High-level Foreign Language Exchange and Dialogue Mechanism to be held in Brussels. The two sides welcomed the positive results of the China-Europe Tourism Year in 2018 and promised to continue to strengthen cooperation in the tourism industry and personnel exchanges.

Global challenges and governance

13. China and the EU recognize the responsibility to play an exemplary role in supporting an open, balanced and inclusive global economic policy, which will benefit all parties and promote trade and investment. The two sides firmly support the multilateral trading system based on rules and centered on the World Trade Organization, oppose unilateralism and protectionism, and are committed to abiding by WTO rules.

The two sides reaffirmed their joint commitment to WTO reform and cooperation to ensure its relevance and meet global trade challenges. To this end, the two sides will step up discussions aimed at strengthening international rules on industrial subsidies on the basis of the existing work of the China-EU Joint Working Group on WTO Reform. The two sides will also continue to exchange views on other authorized WTO issues.

The two sides welcomed the work done so far by the China-EU Joint Working Group on WTO Reform, and agreed to continue efforts to resolve the crisis of the WTO Appellate Body and build consensus in other areas.

Both parties agree not to transfer technology by force.

The two sides support the work of the United Nations Commission on International Trade Law on the reform of the investment dispute settlement mechanism and will cooperate in this process.

14. The two sides reaffirmed their support for the G20 to continue to play an active role as the main forum for international economic and financial cooperation, and agreed to implement G20 commitments and support strong, sustainable, balanced and inclusive growth. The two sides agreed to promote the G20 to make greater contributions to maintaining multilateralism, improving global economic governance and promoting global economic growth in the spirit of partnership and consensus. The two sides called on all G20 members to strengthen communication and cooperation and maintain a free, open and non-discriminatory global trade market. The two sides are willing to jointly promote the Osaka Summit to achieve positive results.

Both sides agreed that steel overcapacity is a global challenge and needs to be addressed together. The two sides agreed to maintain communication at the global forum on steel overcapacity and look forward to forming a substantive report before June 2019.

The two sides will continue to promote the reform of the international monetary and financial system and complete the fifteenth round of the IMF’s general quota inspection at the latest in 2019.

15. Both sides agreed to intensify efforts to formulate a new set of guidelines for officially supported export credit within the International Working Group on Export Credit.

16. The two sides emphasized their firm commitment to implement the Paris Agreement and the Montreal Protocol, and further strengthened cooperation on the basis of the 2018 China-EU Leaders’ Joint Statement on Climate Change and Clean Energy, in view of the urgency of taking domestic and international actions to effectively address the global threat of climate change. The two sides recalled that carbon price and fossil fuel subsidy reform are key steps in this regard. In this context, the two sides will strengthen green financial cooperation to guide private capital to flow to a more environmentally sustainable economy. The two sides will work together to promote the success of the United Nations Sustainable Development Summit and the United Nations Climate Action Summit in September 2019.

The two sides stressed the importance of demonstrating determination on clean energy transformation and playing a more leading role in the global environmental agenda. The two sides will actively implement the Memorandum of Understanding on Circular Economy Cooperation and promote pragmatic industrial cooperation between the two sides.

The two sides recognize the importance of cooperation in dealing with global environmental challenges, including pollution and marine debris. The two sides will deepen cooperation on issues such as preventing biodiversity loss, implementing and enforcing the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), combating illegal trade in wildlife and wildlife products, sustainable forest management, combating illegal logging and related trade, and desertification and land degradation.

The two sides look forward to holding a successful and landmark Conference of the Parties to the Convention on Biological Diversity in Kunming in 2020. The two sides work together to promote the adoption of an ambitious and realistic post-2020 global biodiversity framework at the Conference of the Parties to be held in China in 2020.

The two sides also reaffirmed their commitment to the effective implementation of the blue partnership in the marine field, including cooperation in promoting sustainable fisheries development and combating illegal, unreported and unregulated fishing, and maintaining exchanges on the conservation and sustainable utilization of Antarctic marine living resources, including through the establishment of Antarctic marine reserves. The two sides agree with the "sustainable blue economic and financial principles" to promote sustainable investment in the ocean.

The two sides welcomed the first meeting of the China-EU water policy dialogue mechanism.

17. The two sides will cooperate to improve the economic, social, financial, financial and environmental sustainability and compatibility of Eurasian connectivity. The cooperation should be based on the principles of market rules, transparency, open procurement and fair competition, and follow the existing international norms and standards and the laws of the beneficiary countries of the project, taking into account the policies and national conditions of the beneficiary countries.

The two sides will continue to promote the "One Belt, One Road" initiative in China, the European Union’s Euro-Asian Interconnection Strategy and the Pan-European Transport Network, and welcome the signing of the China-EU Joint Research Framework Agreement on Railway-based Sustainable Corridor on the China-EU Interconnection Platform. The two sides will strengthen exchanges under the framework of China-EU interconnection platform.

Foreign and security policy

18. China and the EU reaffirmed their willingness to contribute to international peace and stability by strengthening dialogue and cooperation and in accordance with international law. The two sides support the peaceful settlement of regional disputes and conflicts through dialogue and consultation.

Regarding the Iranian nuclear issue, the two sides believe that the comprehensive agreement on the Iranian nuclear issue is a key link in the global nuclear non-proliferation system and a major diplomatic achievement approved by UN Security Council Resolution 2231. They reaffirm their commitment to the sustained, comprehensive and effective implementation of the agreement and make joint efforts to safeguard Iran’s economic interests. The two sides recalled the importance of the Arak heavy water reactor reconstruction project and the necessity of continuing to work together in this regard. The International Atomic Energy Agency has issued 14 consecutive reports confirming that Iran has fulfilled its nuclear-related commitments, and both sides welcome this.

The two sides support the DPRK-US dialogue to achieve a peaceful solution and the DPRK-ROK reconciliation. The two sides emphasized the importance of full and complete implementation of relevant Security Council resolutions by all parties.

The two sides are committed to working together and closely coordinating the peace process in Afghanistan, which must be comprehensive, inclusive, "Afghan-led, Afghan-owned" and a political process that can bring lasting peace. The two sides agreed to support international and regional efforts for the stability and security of Afghanistan, so as to promote the economic and social development of Afghanistan and strengthen regional economic interconnection before, during and after the peaceful settlement of the Afghan issue.

20. The two sides pay close attention to the evolving situation in Venezuela and are willing to work with other parties to promote a political, peaceful and democratic solution decided by the Venezuelan people.

21. China, the European Union and its member States are parties to the United Nations Convention on the Law of the Sea. They respect the maritime order based on international law and safeguard the freedom of navigation and overflight enjoyed by all countries in accordance with international law. The EU welcomes the consultations between China and ASEAN countries to reach an effective Code of Conduct in the South China Sea (COC). The two sides called on all parties concerned to engage in dialogue, resolve disputes peacefully and avoid acts that might aggravate tensions.

22. The two sides agreed to strengthen peace, security and defense cooperation and high-level exchanges, including maritime security and combating piracy, support Africans to solve African problems in an African way, so as to maintain peace and security in Africa, and support information exchange on crisis management and UN peacekeeping operations.

23. On the Ukrainian issue, China and the EU recalled UN Security Council Resolution 2202 and called for the full implementation of the Minsk Agreement.

24. The two sides also exchanged views on Myanmar.

The picture shows the world’s largest rectangular shield machine displayed at the achievement exhibition. Photo courtesy of China Railway Equipment

　　BEIJING, Beijing, Oct. 11 (Reporter Zhou Rui) Before 2008, China shield machine was still facing the situation that its key technology was monopolized by foreign countries. However, after the development of China Railway No.1, the first shield machine with independent intellectual property rights in China, China’s technological innovation in this field emerged in waves.

　　At the large-scale achievement exhibition celebrating the 70th anniversary of the founding of People’s Republic of China (PRC), the world’s largest rectangular shield machine developed by China Railway Equipment, a subsidiary of China Railway Industry, was successfully selected as one of the 150 "New China No.1" and exhibited in the "Towards Renaissance" exhibition area. Relevant persons were interviewed by Zhongxin. com to explain how the world’s largest rectangular shield machine was made.

　　Shield machine is the most advanced tunneling equipment in the world at present, and it is known as "the king of construction machinery".

The picture shows that in December 2013, the world’s largest rectangular shield machine rolled off the assembly line. Photo courtesy of China Railway Equipment

　　Before 2008, almost all shield machines used in domestic construction were imported, which was expensive and difficult to maintain. In April 2008, China Railway Equipment successfully developed the first composite EPB shield with independent intellectual property rights in China — — "China Railway No.1".

　　However, because the most common shield machines are all round, once the construction encounters a tunnel or subway entrance and exit in downtown area, it is inconvenient for the circular boring machine to display its fists and feet due to the thickness of the covering soil. In this case, China Railway Equipment put forward the idea of rectangular shield machine and began scientific research.

　　In December 2013, a rectangular shield machine with a length of 10.12 meters and a height of 7.27 meters was rolled off the production line of China Railway Equipment and used in Zhengzhou Zhongzhou Avenue Project, becoming the largest rectangular shield in the world at that time.

　　After achieving a major breakthrough from 0 to 1, the innovation of rectangular shield has not stopped. On the contrary, mastering the "innovation core" of rectangular shield has brought a wave effect to the subsequent technological innovation, and a series of new products and technologies have appeared one after another like waves.

　　First of all, it is a "triple jump" in product size.

　　After the "one jump" in Zhengzhou, in 2016, China Railway Equipment successfully developed a rectangular shield machine with a section length of 10.42 meters and a height of 7.57 meters, which was used in Tianjin Heiniucheng Road Crossing Project, setting a new world record for the largest rectangular shield in the world.

　　In 2019, the world record was refreshed again. At present, an oversize rectangular shield with a section size of 14.8m x 9.426m is being manufactured in Jiaxing.

　　Simultaneously with the "size increase", there is also a "three-in-one change" in the shape and function of the shield machine.

　　A shield machine with multiple cutters and hob. On May 26th, 2016, the world’s first rectangular shield pipe jacking machine independently developed by China was successfully rolled off the production line.

　　Combined shield machine with two transformers. On April 15th, 2017, the first test project of assembled underground parking lot constructed by shield method in China started tunneling under the square of China Railway Equipment Factory in Zhengzhou Economic Development Zone.

　　Three-variable horseshoe shield machine. Because of mastering the excavation technology of rectangular shield, the industrialization and branding of special-shaped shield machine in China Railway Industry is getting wider and wider. In addition to rectangular shield machine, horseshoe shield machine also appeared.

　　Regarding the significance of rectangular shield machine, the relevant person said that if the circular shield machine is a "big MAC" which is buried deep underground and suitable for long-distance tunneling, then the special-shaped shield machine is a "transformer" in soft soil. If the open-cut tunnel construction is compared to the surgery of "opening the belly", then the special-shaped tunneling technology is "minimally invasive surgery".

　　As a brand-new solution is provided for the construction of urban underpass tunnels, China rectangular shield machine has also begun to go abroad.

　　In October, 2015, the rectangular shield machine exported to Singapore rolled off the assembly line in Zhengzhou, creating a precedent for China’s rectangular shield machine to be exported overseas. In July 2019, the rectangular shield machine was once again exported overseas and successfully exported to Australia, which was applied to the connecting passage project of Melbourne West Gate Tunnel.