Beijing Medical Insurance Fa [2023] No.1

District medical insurance bureaus, finance bureaus, health and wellness committees, social undertakings bureau of Beijing Economic and Technological Development Zone, financial audit bureau, and relevant designated medical institutions:

　　In order to conscientiously implement the decision-making arrangements of the CPC Central Committee, the State Council, the Municipal Party Committee and the Municipal Government, according to the requirements of the Notice of the National Medical Insurance Bureau, the Ministry of Finance, the National Health and Wellness Commission and the National Disease Control Bureau on Optimizing the Relevant Policies of Medical Insurance for Infected Patients in novel coronavirus after the Implementation of "Class B Management" (No.1 [2023] of Medical Insurance), and to ensure that the people can smoothly spend the peak period of infection, it is decided to optimize and adjust the relevant policies of medical insurance in this Municipality. Relevant matters are hereby notified as follows:

　　First, optimize the medical insurance payment policy and improve the level of reimbursement for medical treatment at the grassroots level.

　　Novel coronavirus infected patients in all admitted medical institutions, in line with the novel coronavirus infection diagnosis and treatment plan formulated by the health department of hospitalization medical expenses, the implementation of the upfront cost guarantee policy, by the basic medical insurance, serious illness insurance, medical assistance, etc. in accordance with the provisions of payment, the personal burden of part of the financial subsidies, the required funds paid by the financial sector in advance, the central government according to the actual cost of 60% subsidies. This policy is based on the time of admission of patients and will be implemented until March 31, 2023.

　　Cooperate to promote the implementation of graded diagnosis and treatment, guide patients to seek medical treatment at the grassroots level, and ensure stable and orderly medical services. According to the actual situation of this Municipality, we will increase the support for bringing village clinics and community health service institutions in rural areas into the designated medical institutions for medical insurance in this Municipality, and sign an agreement on temporary designated medical institutions with interested village clinics and community health service institutions in rural areas. Encourage medical institutions to supply novel coronavirus infection treatment drugs in the medical insurance drug list (including temporary supplements in this Municipality). For the insured patients with novel coronavirus infection and 11 kinds of suspected symptoms (see Annex for details) in the designated medical institutions at the second level and below in this city, special guarantee will be implemented for outpatient and emergency expenses, with no deductible line and capping line, and the reimbursement ratio will be 90%, which will be implemented first until March 31, 2023.

　　Due to the increased expenses paid by the medical insurance fund due to the adjustment of reimbursement ratio, the medical insurance department automatically made up the difference through the information system in April according to the medical information of the insured patients uploaded by the medical institutions, and directly allocated the difference-making expenses to the entrusted bank account bound by the insured, and the insured did not need to declare.

　　The outpatient and emergency expenses of novel coronavirus infection treatment for insured patients in other medical institutions shall be implemented in accordance with the medical insurance policies for other Class B infectious diseases.

　　Two, the implementation of temporary medical insurance drug list, to meet the needs of patients.

　　According to the "novel coronavirus Infection Diagnosis and Treatment Plan" issued by the National Health and Wellness Commission and the State Administration of Traditional Chinese Medicine, the temporary payment policy for novel coronavirus treatment drugs in the plan will be implemented until March 31, 2023. With the consent of the State Medical Insurance Bureau, the drugs identified by the joint prevention and control mechanism in this Municipality for treating novel coronavirus infection will be temporarily included in the list of medical insurance drugs in this Municipality, and will be implemented first until March 31, 2023.

　　Third, do a good job in the "internet plus" medical insurance service to help patients with online diagnosis and treatment

　　The administrative department of health shall promptly publish the list of medical institutions providing Internet diagnosis and treatment services, provide mobile payment and settlement services for patients with symptoms related to novel coronavirus infection and meeting the Guidelines for Home Treatment of Covid-19 Infected Persons, and the medical insurance department shall support the price policy of Internet first-visit medical services according to the principle of online and offline consistency, and the reimbursement standard is consistent with offline. The follow-up service for infection-related symptoms in novel coronavirus is still implemented according to the current reimbursement policy for follow-up visits on the Internet.

　　Fourth, improve the price formation mechanism and enhance the ability of medical insurance.

　　We will continue to do a good job in price negotiation or consultation, centralized procurement, online procurement, filing procurement and price monitoring of drugs needed for the treatment of infected patients in novel coronavirus, so as to reduce the treatment cost of infected patients in novel coronavirus. Combined with the actual operation of the medical insurance fund, the medical insurance department promotes the implementation of the policy as a whole and scientifically determines the scope and level of protection, which not only reasonably reduces the burden on the masses, but also ensures the safety and sustainability of the medical insurance fund. On this basis, the medical insurance fund does not meet the expenditure, and the financial department will give appropriate subsidies.

　　Five, optimize the medical insurance handling process, provide convenient medical insurance services.

　　We will continue to provide convenient medical insurance services, implement the long-term prescription medical insurance payment policy, and implement online routine medical insurance handling, timely emergency handling, private special matters, delayed non-urgent matters, and eliminate hidden dangers. According to the needs, and belong to the municipal health department to determine the scope of medical institutions that provide Covid-19 infected patients with the ability to treat novel coronavirus infection, non-medical insurance designated medical institutions signed the Temporary Special Agreement on the Settlement of Medical Insurance Expenses of novel coronavirus Infected Patients, guiding all kinds of medical institutions to do a good job in the collection and uploading of information related to novel coronavirus infection diagnosis and settlement, and the settlement of medical insurance expenses. Give full play to the handling power and promote the sinking of services. Agencies at all levels should cooperate with relevant departments to do a good job in health promotion in rural areas and urban communities, popularize knowledge of epidemic prevention and control, raise people’s awareness of self-protection, and earnestly ensure that medical insurance management is not loose and medical insurance handling services are uninterrupted. All designated medical institutions should diagnose the new coronavirus infection and 11 kinds of suspected symptoms, accurately express the diagnosis information and upload it in time.

　　Sixth, strengthen departmental coordination and linkage to ensure that policies are effective.

　　The implementation of "Class B management" for novel coronavirus infection is an important decision made by the CPC Central Committee and the State Council on the basis of comprehensive evaluation of virus variation, epidemic situation and prevention and control work in China. All relevant departments should improve their political stance and earnestly perform their duties. The medical insurance department is responsible for the audit and settlement of related expenses and strengthen fund supervision; The financial department is responsible for timely disbursement of financial subsidies; The health department is responsible for guiding medical institutions to do a good job in the identification, information registration and uploading of infected patients in novel coronavirus; The CDC is responsible for uploading information and data of infected patients in novel coronavirus. Strengthen coordination and linkage to ensure that the decision-making and deployment of the CPC Central Committee and the State Council are fully implemented.

　　This notice shall come into force as of the date of the implementation of the "Class B tube" for novel coronavirus infection.

Beijing Municipal Medical Security Bureau　　　　

beijing finance bureau　　　　

Beijing Municipal Health and Wellness Committee　　　　

January 7, 2023　　

　　The Beijing Housing Provident Fund Center recently released the hot questions of the 12329 hotline. In this group of "business questions and answers", there is a more detailed description of whether you can apply for withdrawal of provident fund when buying a house outside the administrative area of Beijing with a loan and how to withdraw the provident fund when buying a house outside Beijing.

　　Beijing Housing Provident Fund Center said that if commercial bank loans and off-site housing provident fund loans are used to purchase houses outside the administrative area of Beijing, the paid employees and spouses should have no record of purchasing houses within the administrative area of Beijing and can apply for withdrawal if certain conditions are met. In addition, if there is no self-owned housing in the administrative area of Beijing, you can also apply for housing provident fund withdrawal without a rental contract and invoice. You can withdraw it once a month at the standard of 1,500 yuan every quarter, and you need to reapply after one year of withdrawal.

　　Purchase

　　It is necessary to meet the conditions that the depositor and spouse have no room in Beijing.

　　The Beijing Housing Provident Fund Center said that if you use loans from commercial banks and loans from housing provident funds in different places to purchase houses outside the administrative area of Beijing, the employees and their spouses who have paid in should have no record of purchasing houses in the administrative area of Beijing, and they can apply for withdrawal if they meet one of the following conditions: First, buy houses in the province where their ID cards and household registration books are located; Second, the depositor and his spouse have no house in Beijing, and buy houses in Tianjin and Hebei Province or houses where relatives are located (such as grandma’s house).

　　It should be noted that there is a big principle in both cases of purchasing houses outside the administrative area of Beijing — — Deposited employees and spouses should have no record of purchasing houses within the administrative area of Beijing.

　　Two kinds of application extraction methods

　　The first method: housing provident fund online business system application, counter settlement.

　　Log in to Beijing Housing Provident Fund Network, click "Personal Online Business Platform" on the right, enter "Personal Online Business Platform (Beijing Center)", click "Registered User Login" and log in with registered account and password. Employees who log in for the first time need to register as registered users. After logging in successfully, complete the extraction application according to the following steps.

　　Step 1: Select the extraction items and enter the extraction information.

　　The applicant clicks "I want to withdraw" on the left side of the page, and then clicks "Withdraw Application" in the "Withdraw Provident Fund" tab to enter the withdrawal application interface. Click "Use commercial bank loans and use off-site housing provident fund loans to purchase housing outside the administrative area of Beijing and apply for housing provident fund withdrawal" in the new event application list to enter the event application page, and the system will automatically display the basic information of users. After selecting "payee’s co-branded card bank", the system will automatically display the corresponding co-branded card number. Enter the loan contract number, location of the purchased house, date of loan, repayment period, loan amount and purchase amount.

　　Step 2: Personal authorization and commitment.

　　Applicants should carefully read and check the Personal Information Verification Authorization and Commitment Letter, and click the "Submit" button, and the system will display that the submission is successful.

　　Step 3: Submit the application and print the receipt.

　　The applicant clicks "Print Receipt" to print the business receipt of this application, and clicks "OK" to complete the application. Submit the printed application business receipt and relevant materials prompted by the system to the unit manager (with the original ID card) to any management department or the entrusted bank agency for on-site handling. If you need to inquire about the business handling institution, click "handling outlets".

　　The second way: through the housing provident fund business counter.

　　The unit manager must hold the original ID card and extract the materials provided by the applicant to any management department or entrusted bank agency of Beijing Housing Provident Fund Management Center. Extracting the materials provided by the applicant is: (1) extracting the original ID card of the applicant; (2) Original uniform invoice or deed tax payment certificate (second-hand house) for sales of real estate; (3) The original loan contract; (4) If the county and city where the house purchase address is located are inconsistent with the ID card, the original household registration book is also required; (5) Fill in the Application Form for Using Commercial Bank Loans and Using Off-site Provident Fund Loans to Purchase Houses Outside the Administrative Region of Beijing and Withdraw Housing Provident Fund (Table 107 of Housing Provident Fund). The counter staff returned all the materials on the spot after verification, retained the application form for housing provident fund and entered it into the system according to the contents filled in, and initiated a "personal credit inquiry" to the Credit Information Center of the People’s Bank of China. 2-3 working days after the feedback query results are consistent, for the applicant to extract; The staff with inconsistent results will inform the applicant or the unit manager by telephone.

　　renting a house

　　You can also withdraw the provident fund without a rental contract and invoice in Beijing.

　　According to the recent hot questions of hotline 12329 issued by Beijing Housing Provident Fund Center, if there is no self-owned house in the administrative area of Beijing, you can also apply for housing provident fund withdrawal without rental contract and invoice, and withdraw it once a month at the standard of 1,500 yuan, and you need to reapply after one year of withdrawal.

　　Two kinds of application extraction methods

　　The first way is to apply through the online business system of housing provident fund.

　　Log in to Beijing Housing Provident Fund Network, click "Personal Online Business Platform" on the right, enter "Personal Online Business Platform (Beijing Center)", click "Registered User Login", and log in with registered account and password. Employees who log in for the first time need to register as registered users. After logging in successfully, complete the extraction application according to the following steps.

　　Step 1: Select the extraction items and enter the extraction information.

　　The applicant clicks "I want to withdraw" on the left side of the page, and then clicks "Withdraw Application" on the "Withdraw Provident Fund" page to enter the withdrawal application interface. Click "Rent Application and Withdraw Housing Provident Fund" in the new event application list to enter the event application page, and the system will automatically display the basic information of the user. After selecting "Payee Joint Card Bank", the system will automatically display the corresponding bank card number. Select "No self-owned house (1,500 yuan per month)" in the "Rental Type" item.

　　Step 2: Personal authorization and commitment.

　　Applicants should carefully read and check the Personal Information Verification Authorization and Commitment Letter, and click the "Submit" button, and the system will display that the submission is successful.

　　Step 3: Submit the application and print the receipt.

　　The applicant clicks "Print Receipt" to print the business receipt of this application, and clicks "OK" to complete the application. Submit the printed application business receipt and relevant materials prompted by the system to the unit manager for on-site handling at any management department or entrusted bank agency.

　　The second way: through the housing provident fund business counter.

　　The unit manager must hold the original ID card and extract the materials provided by the applicant to any management department or entrusted bank agency of Beijing Housing Provident Fund Management Center.

　　Extracting the materials provided by the applicant is: (1) extracting the original ID card of the applicant; (2) Extract the "Application Form for Extracting Housing Provident Fund from Renting" that the applicant has filled out.

　　Text/reporter Zhu Kaiyun

Is the "Four-Party Alliance on Chip" established? What are the impacts on China?

"Four-party Chip Alliance" is an idea put forward by the United States in March this year. The United States hopes to set up a chip alliance composed of the United States, Japan, Taiwan, China and South Korea to realize a closed-loop chip production and exclude mainland enterprises. The idea of four-party alliance put forward by the United States has gathered four major countries and regions in the field of chip manufacturing in the world. Among them, the United States has long been in the leading position in the field of chips, while Japan and Taiwan, China also have their own advantages in parts and OEM, and South Korea also has unique advantages. If South Korea does not join, it is likely to be sanctioned by another three parties, and the domestic chip field will face a huge disaster.

The United States has long planned to set up a "chip quartet" to contain China.

This alliance can be regarded as version 2.0 of the Semiconductor Alliance of America (SIAC).

As early as May 11th, 20211, the American Semiconductor Alliance (SIAC) was officially announced.

This is a cross-industry alliance, which consists of semiconductor design and manufacturing enterprises and downstream customers who widely use semiconductors in products in important fields such as consumer and military.

At present, the alliance has 64 enterprise members, including Apple and AT&; T, Google and other technology giants also own chip design companies such as AMD, NVIDIA and Qualcomm, as well as chip manufacturers such as TSMC, Samsung, SKHynix and Infineon.

The Semiconductor Alliance of the United States does not accept Chinese mainland enterprises and has an obvious tendency of "excluding China".

However, it is still a business alliance in essence.

However, the "chip quartet" has obvious political color.

One of the most obvious signs is that this alliance is not divided by industry, but by country (region).

The so-called "quartet", that is, the United States, Japan, South Korea and Taiwan, China, has completely rejected Chinese mainland.

Chip quartet

This alliance is surprising, including almost the main participants in the chip industry, and can be called "the strongest alliance in the history of semiconductors".

According to ICinsights’ chip market research report, in the list of the top ten semiconductor companies in 2021, the United States monopolized seven seats, South Korea occupied two seats, and Taiwan, China occupied one seat, all within the alliance.

The four-party alliance covers the fields of chip research and development, production, sales and technology update, and basically realizes the closed loop of chip production.

The United States hopes to take this opportunity to exclude China from the semiconductor industry chain, thus curbing China’s chip development.

In March this year, the United States put forward the idea of establishing a "chip quartet" and planned to hold a meeting in August.

The meeting will be held soon, but South Korea is unwilling to make a statement.

Why doesn’t Korea want to get involved in this matter?

First of all, South Korea has invested a lot of money in the field of chips in Chinese mainland.

Not to mention other companies, just look at the investment and production capacity of Samsung Electronics and SK Hynix.

In 2021, the vice president of Samsung said that the investment in China has reached 46 billion US dollars (about 310 billion yuan).

In February, 2022, Samsung invested another 101 billion yuan to expand the second phase factory of Xi flash memory and build a 12-inch 3Dv-nand production line.

In terms of production capacity, the production capacity of Samsung Electronics Xi factory accounts for 42% of Samsung’s total flash memory production capacity and 15% of the global production capacity.

Samsung electronics Xi factory

From the perspective of SK Hynix, it has been deeply involved in the China market for more than ten years, with an accumulated investment of more than 20 billion US dollars (about 134.8 billion yuan), and plans to invest 2,394 trillion won (about 12.2 billion yuan) in Wuxi factory in the next three years.

SkHynix produces DRAM chips in Wuxi, accounting for 47% of the company’s total output of DRAM chips.

To sum up, Samsung Electronics and South Korea Hynix have invested more than 550 billion yuan in China.

Investing in China is about making money.

In China, Samsung Electronics and Hynix really made a lot of money.

If South Korea joins the "four-chip alliance" led by the United States, it will have to worry about what to do with the invested funds.

Second, China is Korea’s largest trading partner.

In 2021, in addition to investing in chip production in China, South Korea also exported memory chips worth $69 billion to China, accounting for nearly half of the export volume.

As far as international trade is concerned, China is the largest trading partner of South Korea.

According to the data released by Yonhap News Agency recently, China has been Korea’s largest trading partner for 18 consecutive years, with an absolute advantage of 25% in exports to China, ranking first in Korean exports.

What is the working principle of the chip and why it is difficult to build;

Chip is an integrated circuit, which is composed of a large number of transistors. The circuit can be manufactured on the surface of semiconductor chip for operation and processing. The development and supply of the first and second generation semiconductor materials in China are restricted by people, and the third generation semiconductor is an important way to improve the performance of integrated circuits in the post-Moore era. The working principle of the chip is to make the circuit on the surface of the semiconductor chip for operation and processing.

The first step of the chip is design.

Just like building a building, you must have a design before building it, so that your house will be built stably and safely. On this premise, you can make the layout of the building on the first floor more reasonable, the utilization rate is higher, and more people live in it. Then the design drawing is more recognized, and the house you built will be better.

Why is it so difficult to make a chip?

Making a chip is as difficult as creating a city, even more difficult than creating a city!

A series of China enterprises, such as Huawei ZTE, were sanctioned by chips, China tightened its belt to make chips, and by 2022, the whole world began to make chips crazily. This silicon wafer, which is almost the size of a thumb, makes the whole world crazy. So why is the chip so difficult to make? What is its principle and manufacturing process? Let’s find out! Whether it is smart wearable devices (smart watch bracelets), digital microwave ovens or refrigerators, more common mobile phones and computers, Internet of Things devices, etc., you can see the chip.

What is the essence of the chip: the chip is also called integrated circuit IC (generally referred to as large-scale integrated circuit). Generally, it is mainly a large-scale circuit system composed of transistors (semiconductor devices, diode triodes or various subdivided gate-level components). Now, the transistors in the mainstream mobile phone computer chips have reached tens of billions, and some even rose to hundreds of billions. So how can such a large-scale transistor circuit be placed on an area the size of a fingernail?

The primary product of the chip: wafer

The chip is mainly burned or placed on the wafer, and finally cut, and so on. We can look like a CD, place or carve something on each unit area of the CD, and finally cut it in unit area.

So what is a round chip?

Polysilicon is dissolved and doped with silicon crystals, and then it is precipitated by various technologies to form cylindrical monocrystalline silicon. Then the silicon crystal is grinded, polished and sliced to form a flaky product of the silicon wafer, that is, the wafer.

(General process from wafer fabrication to chip production)

Mask aligner-the mother embryo of the chip.

What is the principle of mask aligner? Mask aligner’s principle of preliminary treatment of round crystal is similar to that of general circuit board manufacturing, and a protective film on the wafer surface is removed by using a designed template. Then, the wafer is soaked in the designed etching solution, and the part that lost the protective film is etched away to form the circuit we need. Then the impurities remaining on the wafer surface are washed with pure water. Among them, the exposure machine is a device that uses ultraviolet rays to remove the protective film on the wafer surface through the template. Then in the end, we can think of mask aligner as how to map the design drawings on a circular wafer with a unit area. It can be seen how complicated and delicate the manufacturing process is.

photoetching machine

What are the commercial chip manufacturing companies at present?

The most famous is TSMC in Taiwan, China: a manufacturer of integrated circuits and wafers, and most of a series of technology companies like Apple, Huawei and Qualcomm are actually manufacturing in TSMC.

South Korea’s Samsung Company: Samsung also has its own foundry, and its own chips, including those of other companies, can be produced in Samsung. However, some people in the industry think that there are still some gaps in the production process between Samsung and TSMC, so TSMC accounts for a larger proportion.

Samsung Semiconductor and TSMC

However, no matter how great the international scientific and technological situation changes, Chinese can always find a way to deal with it. It is believed that the country will occupy an important position in the cutting-edge chip in the near future with strong basic science and scientific research strength.

In fact, from the process of wafer production, we can see that it is very difficult to make chips, and the process and technology of wafer production cover a series of disciplines such as materials science, optics, crystallography, process flow, automation and so on, which shows that it is very difficult. In fact, wafer fabrication is not the most difficult in the whole process of the chip! Chip architecture design: since the chip is compared to building a city, then the wafer just bulldozes the land. How to plan and create a city is the most difficult!

The Soul of Chip-Chip Architecture Chips are not all the same. Different architectures (design drawings) have different types of chips, just like the selection of cities, whether inland cities or coastal cities. These cities are divided into transportation hub cities or port cities, etc. Different chip architectures have different chip design requirements and manufacturing processes. At present, the mainstream chip architecture is arm architecture and Intel’s X architecture. ARM is mainly used in embedded systems (including mobile phones, embedded computers, Internet of Things devices, etc., Huawei Kirin processors, and Apple A and M series chips all belong to ARM architecture). Intel chips are mainly desktop processors, which are mainly produced for various computers, but also some embedded chips and other types of chips. To sum up, the chip architecture is very important, and the knowledge involved in designing the chip architecture is also very much: mathematics (especially the mathematical analysis of matrix theory, applied mathematical model-operational research, etc.), not to mention physics (circuit analysis-analog circuit digital circuit, automatic chemistry, heating modeling of nonlinear system, etc.), computer science (studying its clock frequency, pulse signal, instruction set and other issues) and so on. So how do you put the chip architecture on the wafer? This is the core problem of chip making, just like how to build the city on the drawing!

　　Stock trading depends on Jin Qilin analyst research report, which is authoritative, professional, timely and comprehensive, and helps you tap the potential theme opportunities!

　　Source: Yema Finance

　　What happened to "the first share of new energy garden machinery"?

　　The first report card after listing made investors very dissatisfied.

　　On January 31, 2024, Gree Bo released a performance forecast, saying that the company expects its operating income to be 4.6 billion yuan to 4.7 billion yuan in 2023, down 9.8% to 11.7% in the same period; It is estimated that the net profit returned to the mother will be a loss of 370 million yuan to 430 million yuan, a year-on-year decrease of 239.1% to 261.7%; It is estimated that the non-net profit will be a loss of 300 million yuan to 360 million yuan, down 235.7% to 262.9% year-on-year.

　　The year of listing was a huge loss, which immediately attracted the attention of Shenzhen Stock Exchange. On February 6, Shenzhen Stock Exchange sent a letter of concern to Gree Bo, asking Gree Bo to explain the specific impact of downstream retailers’ destocking on the company’s income; Rationality of the decline in gross profit margin; The reason and rationality of the increase in sales expenses.

　　Source: Screenshot of Gree Bo Announcement

　　In this regard, many investors said that "listing will be a huge loss, a problem company!" "It’s been falling every day this month, but it’s still falling and not rebounding", "Doubtful life of falling", etc., and some investors questioned Gree Bo’s "fraud".

　　Source: screenshot of the stock bar

　　Moreover, according to the statistics of the media "Deepwater Finance and Economics", among the 1,072 listed companies that have issued advance notices, only 10 will be listed in 2023, of which 3 will reduce losses and 5 will increase losses. Among the 2 pre-losses, except those listed on the North Stock Exchange,(830809.BJ), Gree Bo is the only company that lost money in the first year of listing.

　　In 2019 and 2020, Gree Bo also has a net profit growth rate of over 200%; A year ago, with the aura of "the first share of new energy garden machinery", Gree Bo successfully went public with a gross profit margin and price-earnings ratio much higher than that of the same industry. What happened to Greebo in just one year?

　　Where is the loss?

　　In fact, Greebo’s losses have long been warned.

　　On February 8, 2023, Greebo successfully landed on the founding board. The first quarterly report after the listing of Greebo showed a decline in revenue and net profit. In the first quarter of 2023, Greebo’s operating income was 1.551 billion yuan, a slight decrease of 0.77%. The net profit of returning to the mother was 87 million yuan, down 40.78% year-on-year.

　　By the second quarter, Greebo directly turned into a loss. According to the semi-annual report of Gree Bo in 2023, in the first half of 2023, the company achieved an operating income of 2.581 billion yuan, down 18.79% year-on-year, and the net profit attributable to the mother was a loss of 54 million yuan, down 121.24% year-on-year.

　　In this regard, Gree Bo explained that the main reason is that retail wholesalers gradually turned to the active destocking stage, which slowed down the procurement pace of suppliers and the sales of the company’s products declined. Moreover, in order to go out of stock, Greebo stepped up product promotion in stages and lowered the prices of some old products through discounts and other means. In the first half of 2023, the gross profit margin of Gree new energy garden machinery products was 25.26%, down 1.17% year-on-year.

　　Even if the demand of downstream suppliers weakens, it is necessary to go to stock by promotion. But Greebo still believes that this is a good time to grab the market.

　　"In order to seize the favorable position in the market and strive for greater profits in the future, the company increased its sales investment. In the first half of the year, the company continued to increase its brand building, the sales staff increased, the marketing expenses increased, and due to the increase of the company’s scale and inventory goods, the storage expenses also increased significantly year-on-year."

　　According to the semi-annual report of 2023, the sales expenses of Gree Bo were 398 million yuan, up 40.93% year-on-year.

　　Although Greebo spent a lot of sales expenses, it still failed to stop the downward trend of performance. By the third quarter of 2023, Greebo’s losses were further aggravated, with revenue of 3.468 billion yuan, down 16.93% year-on-year; The net profit of returning to the mother was-175 million yuan, down 186.58% year-on-year.

　　The trend of "falling endlessly" still failed to stop in the fourth quarter. The operating income in 2023 is expected to be 4.6 billion yuan to 4.7 billion yuan, down 9.8% to 11.7% year-on-year; It is estimated that the net profit returned to the mother will be a loss of 370 million yuan to 430 million yuan, a year-on-year decrease of 239.1% to 261.7%.

　　According to Greebo’s disclosure, the reasons for the decline in performance are similar to those in the first three quarters. Including: due to the destocking of downstream retailers, the company’s operating income decreased by 9.8% ~ 11.7% year-on-year; The decline in operating income and gross profit margin affected the company’s gross profit by 190-210 million yuan; Sales expenses, research and development expenses and management expenses increased by 270-290 million yuan year-on-year; Due to the sharp year-on-year decrease in exchange income, the company’s financial expenses increased by about 130 million yuan in 2023.

　　Is the loss reasonable?

　　The huge difference before and after listing has made many investors question whether Greebo is "fraudulent".

　　Source: screenshot of the stock bar

　　First of all, the "destocking" mentioned by Gree Bo in the financial report is indeed the key word of the whole industry of lithium battery OPE in 2023.

　　"After two consecutive rounds of restocking, the channel inventory of retailers in Europe and the United States reached a historical high, and the demand side began to cool down under the influence of the Fed’s continuous interest rate hike. Therefore, since 2022Q3, retail began to enter the destocking cycle, and the order placing speed slowed down, which was reflected in the decline in the order growth rate of domestic agents and brands at the upstream production end." Ji Xiangyang, a researcher at China Merchants Household Appliances, said.

　　However, knowing that downstream suppliers have gone to their own inventory and there is no high consumer demand, Gree Bo still chooses to spend a lot of sales expenses.

　　According to the semi-annual report of 2023, among the sales expenses, all the detailed items of sales expenses of Gree Bo almost doubled. Among them, wages and salaries rose from 75.47 million yuan to 97.49 million yuan, advertising and marketing expenses rose from 109 million yuan to 128 million yuan, and storage expenses rose from 41.68 million yuan to 87.66 million yuan.

　　Source: screenshot of annual report

　　Although on the record sheet of investor relations activities on September 4, Greebo said that there were three major sales expenses in the first half of the year, namely, personnel salary, marketing and warehousing. With the decline of inventory level, warehousing expenses will decline in the second half of the year.

　　However, in the third quarterly report, Greebo’s sales expenses increased by 26.66% year-on-year, due to the increase of sales channels, storage fees and brand building and marketing.

　　Unsurprisingly, the money was spent and failed to bring corresponding returns. In 2023, Gree Bo’s revenue, net profit and gross profit margin declined across the board.

　　In this regard, Gree Bo still blames the downstream suppliers. "Due to the destocking of downstream retailers, the company’s related investment did not achieve the expected revenue growth. In 2023, the company’s own brand business revenue was basically the same as that in 2022."

　　It is worth noting that before listing, Gree Bo’s sales expense ratio was lower than that of its peers, and its gross profit margin was higher than that of its peers, which shows that Gree Bo can obtain higher sales revenue and profits at a lower cost. However, after listing, this advantage of Greebo suddenly disappeared, which increased the sales expenses, but the gross profit margin fell to the average level of peers. From 2019 to 2022, and from January to June in 2023, the comprehensive gross profit margin of Gree Bo was 34.49%, 35.10%, 27.5%, 25.72% and 25.26% respectively.

　　Source: Screenshot of Prospectus

　　"If a company’s gross profit margin is high, it means that the competitiveness of its products is stronger than that of other companies in the same industry, and the company should have certain negotiating advantages in product sales. It can be inferred that the company’s sales expenses will not account for a high proportion of operating income. If the gross profit margin of the company is much higher than that of the same industry, and its sales expense ratio is also lower than that of the same industry, it is unreasonable; Similarly, if the company’s gross profit margin is much lower than that of the same industry and its sales expense ratio is higher than that of the same industry, it is equally unreasonable. " Ma Jinghao, an expert in finance and taxation, said.

　　On March 22nd, 2023, just one month after the listing of Gree Bo, Kelvin Cui, then the company’s chief financial officer, and Ji Zhenghua, the secretary of the board of directors, left their posts. Among them, Kelvin Cui has served as the chief financial officer, director and chief financial officer of Gree Bo since November 2018; Since December 2018, Ji Zhenghua has served as assistant to the chairman of Gree Bo and secretary of the board of directors of Gree Bo.

　　As of February 8, 2024, Gree Bo’s share price closed at 11.35 yuan/share, which was 63.21% lower than the issue price (30.85 yuan/share). The total market value has shrunk to 5.553 billion yuan.

　　Source: screenshot

　　The stock price fell to "knee"

　　Can the Master of Returnees "pull back a city" by increasing their holdings?

　　According to the Prospectus, Gree Bo was established in 2002, and has been engaged in research and development, design, production and sales of new energy garden machinery since 2007. It is one of the leading enterprises in the global new energy garden machinery industry.

　　The company mainly sells its own brands, and its products can be divided into lawn mowers, lawn mowers, cleaning machines, hair dryers, pruning machines, chain saws and intelligent mowing according to their uses., intelligent mounted mowing vehicle, etc. At present, there are brands such as greenworks and POWERWORKS under the company flag (Jin Qilin analyst).

　　The actual controller of the company is Chen Yin, the co-founder and chairman, who was born in 1973 and is 51 years old.

　　Chen Yin has rich working experience in foreign-funded enterprises. He studied in England and got a master’s degree. After that, he successively served as the product manager of Shanghai Biocy Gas Co., Ltd., a foreign-funded enterprise, and the general manager of Shanghai Star Jack Power Tools Department, a foreign-funded enterprise. Later, he also served as the general manager of the Asia-Pacific procurement center of Fiskars Group in Finland.

　　In 2016, Chen Yin, who has a foreign working background, also introduced an external investor from Germany-STIHL to Greebo. STIHL is a manufacturer of garden machinery and a customer of Greebo.

　　In 2020, Greebo was changed into a joint-stock company, and on May 21, 2021, it submitted the Prospectus on the Growth Enterprise Market of Shenzhen Stock Exchange. After nearly three years, Greebo went public on February 8, 2023. At that time, it was called "the first share of new energy garden machinery" by the outside world.

　　After listing, the performance of Greebo’s share price rose all the way. Its listing price was 30.85 yuan/share, the highest price reached 41.82 yuan/share on the first day of listing, and finally closed at 38.3 yuan/share, with a total market value of 18.62 billion yuan.

　　According to the third quarterly report in 2023, Chen Yin holds about 56.32% of the shares in Gree Bo. Based on this calculation, Chen Yin is worth 10.487 billion yuan.

　　Who knows, Greebo’s share price peaked when it went public. Only one month later, it "showed its original shape" and then it "sat on the slide" all the way. On March 14th, 2023, Gree Bo’s share price fell below the issue price, and the lowest price on that day was 29.17 yuan/share.

　　Chen Yin’s worth has also shrunk. According to the Hurun Report, Chen Yin made his debut in the 2023 Hurun Report with a net worth of 5.5 billion yuan.

　　Source: screenshot of Hurun Report

　　Galaxy Securities said that the deduction of new shares breaking tide is directly related to the price-earnings ratio of initial public offering. According to the Prospectus, the initial price-earnings ratio of Gree Bo is over 63 times, which is significantly higher than the industry’s price-earnings ratio of 33 times. According to wind data, as of February 7, 2024, the static P/E ratio of Gree Bo was 18.09 times.

　　Source: screenshot of straight flush

　　Faced with this situation, on February 6, 2024, Gree Bo released an increase plan. According to the announcement, GHHK, the controlling shareholder of the company, or Chen Yin, the chairman of the company, intends to increase the company’s shares within six months. The planned amount of this increase is between 25 million yuan and 50 million yuan.

　　However, can Chen Yin, a master of returnees, "stop" the falling stock price by increasing his holdings?

　　What do you think of Greebo’s "performance change" in its first year of listing?

　　New pollutants endanger the ecological environment and human health, which is one of the global environmental problems. The CPC Central Committee and the State Council attached great importance to the treatment of new pollutants. Recently, the General Office of the State Council issued the Action Plan for the Treatment of New Pollutants (Guo Ban Fa [2022] No.15, referred to as the Action Plan), which pointed out the direction for the treatment of new pollutants in the future. The Action Plan embodies China’s idea of actively participating in global environmental governance, which is of great significance for building a beautiful China and building a community of life on earth.

　　Democracy is the common value of all mankind and an important concept that the people of the Communist Party of China (CPC) and China have always adhered to. Report to the 20th CPC National Congress, the Communist Party of China, regards the development of whole-process people’s democracy as one of the essential requirements of Chinese modernization, profoundly revealing the great significance of developing whole-process people’s democracy in the new journey of building a socialist modernized country in an all-round way. Chinese modernization contains a brand-new concept of democracy, which enriches the theory and practice of realizing democratic values and makes important contributions to promoting the progress of human political civilization.

　　The whole process of people’s democracy is the most extensive democracy.

　　Democracy is a political form formed by human society after thousands of years of exploration, which has played an important role in the process of human development. Democracy is historical, concrete and developing, and there is no one form of democracy in the world. The key to judging a form of democracy depends on whether it adapts to its own history and culture, conforms to its actual national conditions, can bring about political stability, social progress and improvement of people’s livelihood, can win the support and support of the people, and can make contributions to the cause of human progress.

　　In November 2019, General Secretary of the Supreme Leader put forward the important exposition that "people’s democracy is a whole-process democracy" for the first time during his inspection tour in Shanghai, which profoundly expounded the characteristics and advantages of China’s socialist democracy. At the celebration of the centenary of the founding of the Communist Party of China (CPC), General Secretary of the Supreme Leader further emphasized that "people-centered development thought should be practiced to develop people’s democracy in the whole process". The historical resolution adopted by the Sixth Plenary Session of the 19th CPC Central Committee included "developing people’s democracy in the whole process" as the important content of Socialism with Chinese characteristics Thought of the Supreme Leader in the new era in the "Ten Clarities". Report to the 20th CPC National Congress, the Communist Party of China, explicitly wrote "developing people’s democracy in the whole process" into the essential requirement of Chinese modernization, and further proposed that "the people’s democracy in the whole process will be more perfect" by 2035. During the two sessions of the National People’s Congress in China this year, "upholding and developing people’s democracy in the whole process" was written into the Legislative Law of People’s Republic of China (PRC).

　　Erik Bigon, editor of Kenya Broadcasting Corporation, noted that among the delegates of the National People’s Congress in China, there are workers from various industries, such as couriers, farmers, teachers, doctors and journalists. "In many other countries, it is difficult for people in some industries to get similar opportunities.".

　　Mahmoud hassan Khan, director of the Center for South Asian and International Studies in Islamabad, Pakistan, believes that at the National People’s Congress in China, the deputies reflected the opinions and suggestions of people from all walks of life in various fields, vividly demonstrating the connotation of people’s democracy in the whole process.

　　Harold, Zimbabwean Permanent Representative in Geneva, believes that the Greek word "democracy" originally means "people’s power", and "China’s democratic practice is closer to the original spirit and connotation of this concept".

　　True democracy, good democracy, to make the people the masters of the country, the people not only have the right to vote and vote, but also have the right to participate extensively; Not only can you express your wishes, but you can also achieve them effectively; Not only promote national development, but also share the fruits of development. In the whole process, people’s democracy truly adheres to the people’s dominant position, and everything is for the people and everything depends on the people.

　　At the National People’s Congress in China in 2021, Zhou Yizhe, a representative who has been a forestry worker for decades, put forward some suggestions such as appropriately increasing the proportion of cost subsidies for the pilot construction of universal telecommunications service in forest areas. Nowadays, the coverage rate of public network communication in key state-owned forest areas in Daxing ‘anling has increased from 10% to 50%, and forestry workers basically don’t have to "run all over the mountain to search for a network signal".

　　Robert kuhn, chairman of the American Kuhn Foundation, commented that Chinese-style democracy is not a castle in the air, but includes various feedback and interaction mechanisms, especially people’s congresses at all levels, whose main goal is to ensure a good life for all people. Tan Zheli, a senior researcher at the Mbeki Institute of African Leadership of the University of South Africa, believes that the whole process of people’s democracy in China "aims at serving the fundamental interests of the overwhelming majority of the people and bringing tangible benefits to the people".

　　Yi Si, chairman of the Royal Institute of East-West Strategy, was a special member of the Changchun CPPCC and a consultant of the Shanghai CPPCC. He personally participated in the practice of Chinese-style democracy and is currently writing a book on democracy in China. He learned that CPPCC members come from all walks of life, and most of the proposals are "very practical and grounded." In his view, "the Communist Party of China (CPC) attaches importance to the differences in conditions, customs and practices between the eastern and western parts of China and between urban and rural areas, and has made great efforts in balancing representation. Democracy in China is worth learning from. "

　　Martinez, a British social activist, believes that in China’s democratic system, people enjoy democratic rights at all social levels, not just during the election period. The elected deputies can hear the opinions, needs and expectations of the broad masses. "After the COVID-19 epidemic, China has made prevention and control of the epidemic, protection of the health and safety of the general public, and protection of people’s lives a priority. This is people’s democracy, and this is socialist democracy."

　　The whole process of people’s democracy is the most real democracy.

　　From "small courtyard chamber" to "house forum", from offline "round table" to online "discussion group", from NPC deputies insisting on asking for the needs of the people and asking for the people, to CPPCC members participating in grassroots consultations to solve urgent problems … … Complete institutional procedures and participation in practice make the whole process of people’s democracy change from value concept to institutional form, governance mechanism and people’s lifestyle rooted in China. China develops people’s democracy in the whole process based on its national conditions, which not only has distinctive China characteristics, but also reflects the common pursuit of democracy by all mankind. It not only promoted the development of our country and national rejuvenation, but also enriched the form of human political civilization.

　　"China’s unique road to modernization and development shows that every country and its people have their own unique insights, strength and imagination, and can explore and use their own history and reality to establish a system and promote the national development process." Charles Onunaiju, director of the China Research Center in Nigeria, said in an article published in Nigeria’s Blueprint.

　　Yu Deshuo, deputy mayor of Bath, England, who has conducted extensive research in rural areas of China, attended the democratic forum in Wenling, Zhejiang. The villagers sat around the big tree with small benches, and the scene of speaking freely about the development of the village impressed him deeply. "The participation of the people is related to the degree of democracy and affects the expression of decision-making will. In this sense, China’s whole process of people’s democracy has richer and deeper connotations. "

　　Kuhn believes that China strives to improve the living standards of all its people, which involves reform, rule of law, public participation, human rights protection and other aspects. "More than 1.4 billion people in China have truly become masters of their own affairs and explored new paths for the development of human democracy. This is China’s great contribution to human political civilization."

　　The whole process of people’s democracy broke the hegemony of western democratic discourse. Martin jacques, a British scholar, believes that in the eyes of western countries, democracy originated from western polity and will gradually expand into a universal system for all mankind. This view lacks historical common sense and does not respect cultural differences. "Western countries account for less than 15% of the global population, but they think that their own systems should be accepted by all mankind, and all regimes that do not conform to the Western system are incorrect. Successful governance is not to copy the system and rules of one country to other countries, especially when the national conditions of the two countries are completely different. Democracy means respecting a country’s cultural traditions and allowing the country’s governance model to bear fruit in its own environment. "

　　Whether a country in the international community is democratic or not should be judged by the international community together, not by a few self-righteous countries. "The rich and diverse civilizations in the world are full of vitality, and the rich diversity of civilizations, especially political civilizations, means that there is no single model of democracy that can be mass-produced." Jin Ping, director of the Institute of International Relations of the Royal Cambodian Academy of Sciences, believes that only by respecting the diversity of civilizations and enhancing inclusiveness can we promote and consolidate regional and even global peace and harmony, and promote the building of a community of human destiny in which no one is left behind.

　　People’s democracy is the most effective democracy in the whole process.

　　"The rule does not have to be the same, and it is expected to benefit the people." Democracy is not an ornament, not for decoration, but for solving problems that people need to solve. In the final analysis, the evaluation of a form of democracy depends on whether it can make the people live a good life.

　　Jonny miller, Executive Chairman of the US-China Cooperation Foundation — White once wrote that China has successfully practiced the whole process of people’s democracy, a unique form of democracy, and proved to the world that Socialism with Chinese characteristics’s democratic system can create enormous economic and social benefits for all people.

　　In the decade of the new era, China has completed the historical task of getting rid of poverty and building a well-off society in an all-round way, and the cause of the party and the state has made historic achievements and changes, pushing forward a new journey of building a socialist modern country in an all-round way. These achievements fully show that the continuous enrichment and development of people’s democracy in China can stimulate the infinite initiative and creativity of the people of China and promote the all-round promotion and progress of Chinese modernization.

　　Ma Yijun, a senior researcher at the Globalization Think Tank, believes that the true meaning of democracy is to serve the people, and China’s democracy is well deserved. "The China government has responded to the people’s call and made efforts to improve people’s lives and livelihoods. Before legislation, China will announce the draft law to the public and solicit opinions. This is a big example. "

　　Chinese modernization is a comprehensive and free development modernization, and it is a five-in-one modernization of economic construction, political construction, cultural construction, social construction and ecological civilization construction. Among them, the fundamental task of political construction is to continuously develop socialist democratic politics, continuously build high-quality Chinese-style democracy, and constantly ensure that people’s rights as masters of their own affairs are implemented.

　　In Yi Si’s view, the practice of Chinese-style democracy can solve practical problems. "This is achieved through consultation at every level of the administrative department in a wide range of society and full discussion within the party."

　　The people’s congress system in China embodies the superiority of the socialist system. While ensuring that the party and the state can hear the voices of the people in all aspects of decision-making, implementation and supervision, it also ensures that the decision-making is far-sighted and can be implemented efficiently. Martin jacques believes that only a very confident political party with a solid mass base can successfully make long-term policy adjustments when necessary.

　　Igor Maximtsev, president of St. Petersburg State University of Economics, believes that the whole process of people’s democracy in China adheres to the people-centered, conforms to China’s national conditions and reality, and contributes China’s wisdom to human political civilization. Countries should respect each other’s democratic model, strengthen exchanges and mutual learning, and jointly promote the continuous development of human civilization.

　　The Communist Party of China (CPC) insisted on coming from the masses and going to the masses, was good at constantly summing up the wisdom and experience of the people, and concretely and realistically reflected the people being the masters of the country in the policies and measures of the party’s governance, so that the party’s theory and decision-making have the source of practice and keep the vitality of innovation.

　　Onunaiju said that China’s modernization process does not directly copy the experience of other countries in the world. On the contrary, it absorbs foreign experience on the basis of its own national conditions, combines it organically, and has been tested by practice. The national consensus formed in consultation and cooperation integrates all different viewpoints and visions into the macro road map of national development, and condenses the consensus and will of the whole society.

　　China’s concept of democracy comes from the fertile soil of Chinese modernization in practice, which will be enriched and developed with the advancement of Chinese modernization, and will contribute more China wisdom to the progress of human political civilization.

Knowing a thousand miles, the whole family can cure sores.

Home has Sanguisorba bark, not afraid of burning and peeling.

If you have Sanguisorba charcoal at home, you are not afraid of skin burning.

Liu sent slaves at home, not afraid of beheading with a knife.

…

A catchy Chinese medicine jingle

Seemingly easy to understand

But it embodies countless philosophical wisdom of the ancients.

Chinese medicine is the traditional medicine of our Chinese nation.

Compared with western medicine

Has the advantages of low price, small side effects and the like.

Loved by everyone

But nowadays, we often see that some drugs or health care products are declared as "natural preparations and pure Chinese medicine preparations", which are non-toxic and have no side effects.

In fact, it is a misunderstanding that "Chinese patent medicine is non-toxic". If it is not used properly, Chinese patent medicine can also cause toxic and side effects like western medicine.

Why is the saying that "Chinese medicine is nontoxic" so deeply rooted in people’s hearts?

According to the current situation, the research on the effective components and pharmacological effects of most traditional Chinese medicines is not as thorough as that of western medicines. Long-term and large-sample clinical trials are needed before western medicines are put on the market. The adverse reactions are fully studied, and the corresponding parts in the instructions are clearly written, and their shortcomings are unambiguous. This actually gives patients full right to know and protects them to the maximum extent. However, there is a lack of research on the adverse reactions of traditional Chinese medicine, especially Chinese herbal medicine, which is mostly used by experience. The analysis of effective components of many drugs is still under exploration, let alone the study of side effects.

For some Chinese patent medicines, the relevant research data is also very scarce, and the corresponding parts in the instructions are either simply described or omitted, which misleads patients and thinks it is very safe. In addition, the media often deliberately emphasize "pure Chinese medicine preparation" in propaganda, which actually plays a misleading role in fueling the "non-toxic Chinese medicine".

Therefore, if Chinese patent medicine is improperly applied,

Will cause toxic side effects like western medicine.

It can delay the illness, but it is life-threatening.

Here are some commonly used Chinese patent medicines.

Let’s talk about their side effects

Liushen Pill contains toxic components such as bufogenin and realgar. Some people take Liushen Pill because of sore throat, resulting in itchy skin, irritability, pale face, nausea and vomiting, drowsiness and coma, dyspnea and arrhythmia.

Liushen pill

Jinkui Shenqi Pill, also known as Bawei Dihuang Pill, is often used to treat waist soreness, leg weakness, acute abdominal pain, polydipsia, insomnia, dysuria or frequent urination. However, some people will have skin rashes, nausea, abdominal pain, diarrhea, edema, headache, rising blood pressure and rapid heartbeat after taking the medicine.

Jinkui Shenqi Pill

Xiaohuoluo Pill has been reported to have taken this medicine because of traumatic scapulohumeral periarthritis or lumbar sprain. As a result, symptoms such as chest tightness, dyspnea and itchy skin appeared, and the symptoms disappeared after treatment. The reason may be related to the allergic reaction caused by the animal protein contained in the earthworm (earthworm) in the prescription.

Xiaohuoluo pills

Xiaoyao powder is mainly used to treat headache, dizziness, fatigue and fatigue. However, it has been reported that after taking the medicine for trigeminal neuralgia, the whole body appeared punctate pink papules, edema of face and lower limbs, aversion to cold and high fever, and head swelling and pain after stopping treatment.

Xiaoyaosan

Sanxiandan, Angong Pill and Zhusha Anshen Pill all contain cinnabar, that is, mercury sulfide, which can be poisoned if taken for a long time.

Classified traditional Chinese medicine containing cinnabar

Improper use of Xiaoke Asthma can lead to arrhythmia; Taking Fuzi Lizhong Pill improperly will cause tongue curl and shortness of breath; Abuse of Bupleurum injection and pilose antler essence injection can cause anaphylactic shock.

In recent years, the frequent adverse reactions of traditional Chinese medicine injections have pushed the safety of traditional Chinese medicine to the forefront. In order to avoid the above-mentioned adverse reactions when taking medicine, we should closely observe the reactions after taking medicine during the period of taking medicine. Once there is any abnormality, we should stop taking medicine immediately and go to the hospital for treatment.

Other drugs

Source: National Medical Products Administration.

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CCTV News:On September 28th, the People’s Bank of China said that it would set up a special re-loan for equipment renovation to support financial institutions to provide loans to manufacturing, social services, small and medium-sized enterprises, individual industrial and commercial households and other equipment renovation at an interest rate not higher than 3.2%.

The amount of special refinancing for equipment renovation is more than 200 billion yuan, with an interest rate of 1.75%, with a term of one year, which can be extended twice, and each extension period is one year. The recipients include 21 financial institutions such as China Development Bank, policy banks, state-owned commercial banks, China Postal Savings Bank and joint-stock commercial banks, and financial support is provided according to 100% of the loan principal that meets the requirements issued by financial institutions.

The special re-loan support areas for equipment renovation include education, health, cultural tourism and sports, training base, charging pile, urban underground utility tunnel, new infrastructure, digital transformation of industry, energy-saving and carbon-reducing renovation and upgrading in key areas, and waste household appliances recycling and treatment system.

Special re-loans are granted on a monthly basis through a direct mechanism of "lending first and then lending".

On November 21st, HarmonyOS Zhixing Zunjie brand announced that the appearance of its first luxury car will be publicly unveiled at the Huawei Mate 70 series mobile phone conference on November 26th. Yu Chengdong, managing director of Huawei, chairman of BG, and chairman of BU, a smart car solution, announced today that the size of the first car in Zunjie is about 5.5 meters.

Yu Chengdong said that the size of the first car in Zunjie may exceed 99.99% of the cars on the road, which is definitely "heroic atmosphere" and "more internal space". HarmonyOS Zhixing "Zunjie" was jointly built by JAC and Huawei. At present, the appearance of the new car has not been announced yet, and we will follow up the follow-up news.

For reference, the Golden Sunflower Guoya ultra-luxury executive sedan sold by FAW Hongqi at this year’s 2024 Guangzhou Auto Show starts at 1.4 million yuan and has a length of 5353mm (over 5.3 meters). In other words, the first car in Zunjie is longer than the size of Guoya.

In recent years,Large and medium-sized cars are gradually gettingThe favor of the market, especiallyNew energy vehicles,This model has large space, comfortable ride and outstanding intelligence. Recently,On December 2024, four models were officially launched, and the official guide price was 265,800-400,800 yuan. Let me take Aouita 12 2024 700 three-laser rear-drive smart edition as an example to talk about this car in detail.

The appearance of the car still uses the family-style design style, and the front face is also very sleek. C-shaped lights are also designed on both sides, and black lines are added at the edges to make the front face look more intelligent.The air intake grille also has an active closing function, and the front looks fashionable and sporty.

Aouita 12 has a length, width and height of 5020/1999/1460mm and a wheelbase of 3020mm. The lines at the top slowly slide down to the tail, and the sides are designed to be full of atmosphere. A 20-inch multi-frame wheel hub shape is also designed.

On the tail side, it gives people a broad sense of design. The tail also has a lifting function. It adopts a split taillight, with black lines at the edge and a black surround at the bottom. The tail is still very recognizable.

In terms of interior, the interior design is very simple and atmospheric, with an embracing design style and a 35.4-inch 4K.Full LCD instrument panel,The 15.6-inch central control panel is designed with a sense of intelligence and technology.In-vehicle intelligent system supports navigation system, navigation road information display, service and vehicle networking., 5G network, OTA upgrade, facial recognition, etc., support voice recognition control, we directly say "small tower" in the car, which can let the voice assistant open the window, air conditioner, map and so on.

The 2024 model was used.The front seat is comfortable to ride. Aouita 12 2024 700 three-laser rear-drive intelligent version, the front seat supports the heating function and the main driver supports the memory function. As an entry-level model, this seat configuration is enough. If you want to have the functions of front massage and rear heating, you can choose a higher model.

The capacity of the front luggage compartment is65L，The space in the trunk is not small, and the volume reaches after opening.490L，The seats in the second row also support the reclining function, so that the space in the trunk is more plentiful.

Aouita 12 2024 700 Three-laser Rear Drive Smart Edition, equipped withAnti-lock braking and brake assistLane departure warning、Forward collision warning、Rear collision warning, reversing car side warning、DOW opening warning、Active braking, parallel assist, front parking radar and rear parking radar.、、360 panoramic image、Full speed adaptive cruise、park assist vision, L2 intelligent assisted driving, 11Outside camera, 2Inside camera, 12Ultrasonic radar, 3millimeter-wave radar, 3Wait.

Aouita 12 2024 700 Three-laser Rear Drive Smart Edition, equipped withPermanent magnet/,using rear single motor,The maximum power is 230 kW, 370,The official acceleration time of 100 kilometers is 6.7s, and the power consumption of 100 kilometers is 15kWh/100km. In terms of batteries,It takes 0.33 hours to charge the battery from 30% to 80%, and the battery life is 700 kilometers.

Recommended model

I recommend.Aouita 12 2024 700 three-laser rear-drive smart edition, which is an entry-level model, and the price range is.265,800 yuan, the car’s appearance is fashionable and sporty, the configuration is also very rich, the power performance is abundant, and the overall performance is still good. If you want to buy a medium-sized and large car, you may wish to take a look at this car.