On December 13th, the Information Office of Shandong Provincial Government held a press conference to introduce Shandong’s efforts to crack down on telecommunication network crimes and protect people’s legitimate rights and interests. Liu Qichao, deputy secretary of the Political and Legal Committee of the Provincial Party Committee, said that since the beginning of this year, the political and legal organs of the province have continuously pushed forward the work of cracking down on telecommunication network fraud and crimes, detected 15,500 cases of electric fraud and related crimes, arrested 30,800 criminal suspects, and avoided the loss of 2.88 billion yuan. The number of cases and losses in the province has doubled, resolutely curbing the high incidence of telecommunication network fraud crimes.

The provincial government deployed a three-year campaign to crack down on telecommunication network fraud and illegal crimes in Shandong Province, and issued the Implementation Plan for the Three-year Campaign (2024-2026). The provincial public security department will include anti-fraud work in the "Ten Key Tasks" in 2024, study and formulate countermeasures, and promote the development of anti-fraud in the province. We will improve the working rules of the joint meeting, establish a regular debriefing notification system for member units, and a warning, interview prompt and listing rectification system for key regions and industries. Since the beginning of this year, we have issued a "risk warning letter" five times. Strengthen and make good use of investigation centers, build investigation centers at provincial, city and county levels, pool resources in full, set up professional teams, establish new policing models, and promote quality and efficiency.

Our province insists on strengthening the integrated operation of provinces, cities and counties, digging gold owners, shoveling dens, fighting back and clearing black production, and continues to launch a fierce offensive against electric fraud crimes and black ash industry. Further improve the supervision mechanism for listing major cases, promote breakthroughs in cases with a million yuan or more, and arrest 2,447 criminal suspects. Organized and carried out special actions such as "Yun Jian", "Cut off the card", "Cut off the flow", "Pull out the nails" and "Summer Action", cracked a large number of important cases, prosecuted more than 25,200 suspects and sentenced 5,243 people. A dynamic identification model of fraud-related information was established, and a centralized battle against telecommunication network fraud was launched. 598 criminal dens were destroyed, 6,935 suspects were arrested, and 5.452 million yuan was seized and frozen.

Adhere to the construction of a "before-during-after" closed-loop prevention and control system, strengthen the discovery, disposal and interception capabilities of capital flow, communication flow and network flow, promote the financial and communication departments to continuously optimize technical countermeasures, improve the emergency disposal mechanism of funds involved, intercept 20.947 million fraudulent calls and 21.561 million fraudulent text messages, and block 14.2213 million fraudulent apps and websites to prevent cases to the maximum extent. The early warning targets were dissuaded and reminded by classification, of which 1.479 million were dissuaded in depth, and the success rate of dissuasion reached 99.8%, ranking first in the country in terms of dissuasion quality and effectiveness. We launched a centralized publicity campaign of "All People Fight Fraud in Action", launched the "Bright Screen Project", organized anti-fraud propaganda activities, held a series of live broadcast activities of "Youth with Me Against Fraud", sent more than 900 million public service short messages, and set off a new round of anti-fraud propaganda. The cases of students, the elderly and financial personnel being cheated in the province decreased by 17.7%, 13.3% and 26% respectively.

Adhere to industry governance and ecological governance, improve the "full chain governance" mechanism, and eradicate the breeding ground for crime from the source. We continued to optimize the dynamic management and control mechanism of the "two cards" (telephone cards and bank cards) involved in the case, established low, medium and high risk assessment grades, and carried out disposal work by classification. The "two cards" involved in the case decreased by 15.9% year-on-year, which was 7.2 percentage points higher than the national average. It is the first in the country to share the characteristic data of black and gray terminal equipment, base stations and traffic behaviors involved in the case, carry out dynamic identification around the whole life cycle of fraudulent phone cards, and automatically screen and shut down more than 2.579 million fraudulent phone cards. Strictly implement the real-name registration system of network users, establish the monitoring and early warning mechanism of network accounts, implement the authentication of real identity information according to law, shut down 67,000 QQ and micro-signals involved in fraud, and fully reduce the space of cybercrime. The procuratorial organs focused on the loopholes and shortcomings of social governance reflected behind the case, issued 24 procuratorial suggestions on social governance, and cooperated with relevant departments to strengthen governance. The Provincial Department of Justice will publicize and implement the "Anti-Telecommunication Network Fraud Law" into the "Eighth Five-Year Plan" and the annual law popularization points, guide and urge all levels and departments to strictly implement the law popularization responsibility system, and form a joint force for anti-fraud law popularization.

Liu Qichao introduced that in the next step, we should accurately grasp the current new situation of telecommunication network fraud crimes, take a stronger political responsibility, mission responsibility and responsibility, make overall plans to promote the work of prevention, control and construction, and resolutely protect the lives and property of the people.

Specifically, it includes continuing to promote three years of action. Focusing on the "five key points" of counter-prevention, industry governance, personnel management and control, cracking down on cases, and responsibility implementation, we will carry out a three-year campaign to crack down on telecommunication network fraud and illegal crimes, give play to the role of the mechanism, unite the joint efforts of departments, compact work responsibilities, and ensure effective insight.

Continue to intensify the crackdown. Keep a close eye on existing cases, especially serious cases, and carry out special projects to ensure that the case will be judged and attacked as soon as possible. Focus on promoting the "cut-off" action and continuously carry out the work of returning overseas electric fraudsters.

Continue to strengthen early warning and discourage. Establish the concept of "more cases are better than fewer cases", while maintaining the early warning and dissuasion work, mobilize all walks of life to strengthen internal prevention, continue to deepen accurate publicity and prevention, and improve the people’s ability to identify and prevent fraud. Accelerate the optimization and upgrading of the telecommunication network fraud prevention platform, improve the early warning and alarm response mechanism, and minimize the occurrence of cases.

Continue to strengthen comprehensive management. Implement the Anti-Telecommunication Network Fraud Law and the Joint Disciplinary Measures for Telecommunication Network Fraud and Related Crimes, and promote the establishment and improvement of a joint disciplinary system; Accelerate the construction of cross-industry collaborative governance system, promote the data interaction of telecommunications, finance, Internet and other industries and departments, optimize the function of the "two cards" dynamic management and control platform, improve the sharing mechanism of black and gray samples, and enhance the governance capacity and level of "capital chain". (Jinan Daily loves Jinan Reporter: Fan Yuxin)

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The four major banks can make a national installment of 20% from Toyota Financial Support 0 down payment for a maximum of five years.

No pit, no cheating, no routine, no binding, hidden consumption, modification, quality guarantee, car guarantee and brand guarantee.

The 2023 Ford Fierce Horse Raptor (Configuration | Inquiry) version adopts a straight roof line, thus obtaining a better head space inside the car. At the same time, the use of a penetrating waistline also makes the new car look more layered. In addition, the front and rear fenders slightly protrude from the car body, with the concave design under the door and large-size wheels, it looks stable. At the rear of the car, the new car is equipped with a plug-in rear spare tire, and the taillights on both sides are vertical, which has excellent effect after lighting. The black protruding rear bumper design is very off-road. 24-hour hotline 133 4207 0760 with WeChat

Vigorous horse 23 3.0T four-door Raptor Raptor raptors configuration: 3.0T V6 10-speed intelligent 4X4 horsepower 7 driving modes; RAPTOR HOSS4.0 suspension; FOX3.1 nitrogen shock absorption; 37 tires; 4.7 Lock the transmission ratio of the rear axle reducer; Front and rear differential; The front anti-roll bar is disconnected; Detachable door and hardtop; High performance heavy modular front bumper; Rigid fog lights and off-road lights; Heavy vehicle steel baffle; 360-degree loop image; LED signature lamp and fog lamp; Rear view mirror heating; Trailer coupler front 2 rear 2; Start the shaking with one key; 12-inch touch navigation screen. 24-hour hotline 133 4207 0760 with WeChat

The 2023 Ford Fierce Horse Raptor adopts a tough design style. The center console has a distinct and layered design, and the materials are also thick. The multi-function steering wheel is modeled and moved. The embedded design of the central control screen adds a sense of fashion in the car, with reasonable button layout, exquisite gear handle design, wide and thick seats, spacious space and strong practicality. 24-hour hotline 133 4207 0760 with WeChat

The 23 models of Bronco Fierce Horse Raptor are equipped with a 10-speed automatic transmission, which is an automatic manual transmission. The driver can manually shift gears, and the power is transmitted through the front and rear larger transmission shafts and connected to the upgraded Dana axle. The 4×4 system is equipped with an upgraded transfer case, a clutch with higher capacity, and the Baja mode is adjusted (the chassis can be adjusted according to the terrain selection). Bronco Raptor is also equipped with towing/trailer mode with a maximum towing capacity of 4,500 pounds (2041KG). 24-hour hotline 133 4207 0760 with WeChat

24-hour hotline 133 4207 0760 with WeChat

For more configuration colors, please add WeChat to send you comparison.

The four major banks can make a national installment of 20% from Toyota Financial Support 0 down payment for a maximum of five years.

No pit, no cheating, no routine, no binding, hidden consumption, modification, quality guarantee, car guarantee and brand guarantee.

　　After 1.1 billion yuan of "advertising door",There is also a big alarm.

　　BYD has always been regarded by many people as the leader of domestic new energy vehicles and the spokesperson of domestic independent brands. In just five years after listing, the operating income reached 100 billion yuan. However, with the release of the 2017 annual report and the first quarter report of 2018, it shows that BYD’s operating conditions are not optimistic. This paper discusses and analyzes BYD’s operating conditions from the financial point of view.

　　Affected by the decline in subsidies for new energy vehicles, BYD’s net profit in 2017 fell by 19.5% year-on-year, and its net profit in the first quarter of 2018 plummeted by 83.1% year-on-year. And in a quarterly report, it is estimated that the net profit attributable to shareholders of listed companies will drop by 82.59% to 70.98% from January to June this year.

　　The 1.1 billion "advertising door" incident in July this year pushed BYD to the forefront of public opinion. Some critics outside believe that such an incident has exposed some problems in BYD’s management. Will management problems have an impact on the company’s business? We can observe its real operating ability and financial situation by analyzing its financial statements.

　　The difficulty of profitability and growth ability

　　Table 1 BYD’s gross profit margin in 2015-2018

　　Table 2 BYD’s net interest rate in each period from 2015 to 2018

　　As can be seen from the chart comparison, although BYD’s gross profit margin has declined slightly in recent years, it is still relatively stable, but the net profit rate has generally declined since 2017, reaching 1.07% in the first quarter of 2018, down 71.16% year-on-year. At the same time, according to the 2017 annual report, although BYD’s operating income increased by 2.36% year-on-year, its net profit returned to its mother decreased by -19.51% year-on-year, and its non-net profit decreased by 35%. Then we will horizontally analyze the results of BYD’s main business income and gross profit margin in 2017 compared with the same industry to determine the reasons for the decrease in profits. BYD’s main business is mobile phone parts and assembly, automobiles and related products, rechargeable batteries and photovoltaics. We take Foxconn, Beiqi New Energy,For comparison.

　　Table 3 Comparison of gross profit margin and changes of BYD’s main businesses with the same industry in 2017

　　It can be concluded that the yield of BYD’s mobile phone sector and assembly industry is good, but the yield of automobile industry and battery and photovoltaic industry is worrying.

　　On the whole, there are four reasons.

　　First, the state subsidies for new energy vehicles have fallen sharply. In 2017, the subsidies for new energy vehicles fell by about 20%, which directly led to the decline of the company’s performance. If the new energy policy continues, this unfavorable factor will continue.

　　Second, industry competition has intensified. I am in 2017The total sales volume of automobiles in the whole year was 777,000, and all major automobile companies showed strong interest in the field of new energy vehicles, such as established BAIC, GAC and SAIC, and emerging Weilai and Tucki, which doubled the pressure on BYD. And in 2018, joint venture brands also began to enter the market, and BYD will face more intense competition.

　　Thirdly, BYD’s power battery industry is under great technical pressure. At the same time, it has been suppressed by Contemporary Amperex Technology Co., Limited, and its battery sales have been surpassed.

　　Fourth, considering the cost, the prices of the four core raw materials for manufacturing batteries have risen steadily, which has greatly reduced BYD’s battery profits. It is predicted that if these four problems can’t be solved in time or enterprises can’t find another way in the future, BYD’s profitability and growth ability will continue to decline.

　　Table 4 Sales volume of domestic mainstream independent brand new energy vehicles in 2017

　　Pressure of debt repayment

　　Table 5 BYD in 2015-2017,、Solvency index

　　Comparing BYD with two companies in the same industry, it is found that BYD’s solvency is significantly lower than that of the other two companies, which deserves our attention. In particular, the quick ratio and cash ratio are far lower than those in the same industry, which shows that there are risks in the short-term solvency of enterprises, and cash and cash equivalents are difficult to repay the current liabilities borne by enterprises. At the same time, it also proves that BYD’s accounts receivable and inventory are relatively high in the same industry. Then let’s analyze the status of BYD’s inventory, accounts receivable and prepayments.

　　Table 6 Changes of BYD’s inventory, accounts receivable and prepayments in 2015-2017

　　BYD’s accounts receivable increased by 24.20%, prepayments increased by 312.24%, and inventory increased by 14.32%, which was amazing. These data potentially show that BYD does not hesitate to sell on credit in order to expand the market and improve its competitiveness. At the same time, its bargaining power has begun to weaken in the face of suppliers. Excessive inventory also affects the turnover efficiency of enterprises and increases the occupation of funds. All these situations are warning the increasing financial pressure of enterprises.

　　Operational capacity that needs to be improved urgently

　　Table 7 Operating Capacity Indicators of BYD, Changan Automobile and Yutong Bus in 2015-2017

　　The data shows that BYD is also under pressure compared with its peers in terms of operational capacity. Compared with the industry, BYD’s inventory turnover days, total assets turnover rate and average collection period are weak. In 2017, average collection period is even 21 times that of Changan Automobile, while the inventory turnover days are about 4 times that of Yutong Bus, which reflects the poor liquidity of enterprises and highlights the urgent need for improvement in their current assets management.

　　The core reason why the 1.1 billion "advertising door" incident has had such a great impact on BYD is that once this incident is settled, BYD needs to bear part of the responsibility, which is undoubtedly unbearable for investors. After all, BYD’s net profit in the first quarter of this year was only 102 million yuan.

　　No matter from the "advertising door" incident or the above analysis of BYD’s operation from the financial indicators, they all sounded the alarm for BYD’s management. As a leader in energy vehicles, it needs perfect corporate governance, and more importantly, it needs excellent results to repay investors. Otherwise, investors will vote with their feet.

　　In the bustling and noisy city, the traffic is woven, and every car is telling the story of the city in its own way. The polar fox Alpha T5 is the most dazzling landscape in this city. With its unique design, it has attracted countless people’s attention and become an existence that cannot be ignored in the city.

　　The extremely fox car makes people fall in love at first sight.

　　Extreme Fox Alfa T5, a model that people fall in love with at first sight. From the front to the rear, every detail exudes unique charm. In the front part, the simple and powerful air intake grille design is unforgettable. The lines are smooth and as delicate as sculptures, showing the ingenuity of the designers. The body contour is elegant and dynamic, like a cheetah ready to sprint at any time. No matter from which angle, you can feel its unique temperament and powerful gas field.

　　In terms of body size, the polar fox Alpha T5 also shows its advantages. The wide body size not only ensures the spacious and comfortable space inside the car, but also makes the whole car look more stable and atmospheric. The optimized design of the wheelbase makes the handling of the vehicle more excellent, and it can easily cope with various driving scenarios, whether on urban roads or highways.

　　In tyre size, the Extreme Fox Alpha T5 uses high-performance tires, which not only provides good grip, but also makes the whole car look more sporty and fashionable. The rim design is also brilliant, exquisite modeling and unique materials make the whole vehicle more recognizable.

　　Of course, a good car is not only about appearance, but also about interior. The interior design of the Extreme Fox Alfa T5 is also amazing. The simple and high-tech interior style makes people feel like they are in the future world. In the cockpit, the steering wheel wrapped in leather feels comfortable and can fully feel the fun of driving. The large-size touch screen on the center console integrates multiple functions and can easily operate various devices during driving.

　　Polar fox alpha tfivePay attention to the balance between comfort and support

　　In terms of seats, the Extreme Fox Alpha T5 also pays attention to the balance between comfort and support. The seat made of advanced materials not only feels comfortable, but also provides a variety of adjustment functions, which can be adjusted according to their own needs. The car is also equipped with a wealth of entertainment facilities, and you can enjoy a happy time during driving.

　　In terms of power, the polar fox Alpha T5 also performed well. It is equipped with advanced power system, which can provide strong power output. No matter on city streets or highways, the polar fox Alpha T5 can show smooth and stable driving performance. At the same time, the vehicle is also equipped with an advanced driver assistance system to provide drivers with a safer and more convenient driving experience.

　　Generally speaking, the Extreme Fox Alfa T5 has become a highly regarded model in the market with its unique and trend-setting exterior design, exquisite interior design and strong power performance. It is not only a car, but also a reflection of life attitude. In a busy city, it is undoubtedly a different life experience to drive the polar fox Alpha T5, feel its unique charm and enjoy its driving pleasure.

入伍20多年，郝井文苦练精飞，从一名普通飞行员成长为优秀战斗员、指挥员。（万全/摄）

　　CCTV News(Reporter Kong Hua) Above the blue sky, under the sky, there is a group of people who fight in the sky, defend the security of the motherland’s airspace, and patrol the vast airspace. They are the Chinese Air Force aviation personnel, and they are called "dancers on the tip of the knife".

　　After more than 20 years of enlistment in the army, the flight time exceeded 3,000 hours, protecting the blue sky and blue sea of the motherland, and our Air Force fighter flew over the Tsushima Strait to make up the captain aircraft – Hao Jingwen, is the "king" of this group of dancers.

郝井文驾驶战机起飞。（万全/摄）

　　Hao Jingwen, a special-rank pilot of the Air Force, is currently a brigade commander of the Air Force Aviation Brigade. Hao Jingwen’s unit is a force with a deep tradition and outstanding combat achievements. He has fought in North Korea twice and shot down and wounded 59 enemy aircraft.

　　"Coming to this army is like a good student coming to a good school, with a good head teacher and a good deskmate," Hao Jingwen said: "Because of the deep tradition of the army and advanced modern equipment, it is difficult to come here without wanting to become a talent. Because of this, the responsibilities and missions on your shoulders are greater and more glorious."

　　Hao Jingwen, who became a talent here, has successively won the "Golden Helmet" of the Air Force’s first anti-air combat competition, won the second-class merit once, and the third-class merit five times. He was honored as the "All-Army Love Army Essential Martial Model", and grew from an ordinary pilot to an excellent combatant and commander.

　　As a soldier, he always went into training in the state where the battle started today; after taking up the leadership position, every time he was in a critical and dangerous task, he flew the first sortie and fired the first live ammunition; he took the lead in breaking the peace problems of not training and not training, and took the lead in carrying out actual combat training courses such as night bombing and shooting of a certain type of aircraft, free air combat at sea, and tactical air refueling in the whole air force, striving to maximize the load, hit the border with live ammunition, and fly as far as the sea.

　　Hao Jingwen set his sights on the future battlefield and took the lead in establishing an information warfare research center to explore informatization, process-based, and standardized training norms. Considering that the future battlefield must be a system competition, he conducted in-depth research on integration issues and organized pilots to visit ground guidance, radar, and reactance units for many times to determine the position of quasi-aviation units in system operations. Since the establishment of the brigade in 2017, he has taken the initiative to conduct collaborative exercises with other military services to solve a number of combat problems by leveraging the advantages of the theater.

　　Where is the interests of the motherland, where is the duty of the soldiers. In 2013, our country set up the East China Sea Air Defense Identification Zone, Hao Jingwen piloted the police patrol; in 2017, he served as the captain of the fighter aircraft to cover the H-6K before leaving the Tsushima Strait.

　　Bring a fledgling eagle to become an eagle, and bring out a sharp knife team

郝井文和他的尖刀战队。（万全/摄）

　　When he got the "Golden Dart" in 2018, the vice captain of the flight, Tang Shuyao, was still under 30 years old.

　　In 2017, due to physical reasons, Tang Shuji missed the opportunity to participate in the international military competition. Two months later, he received a notice that he was going to participate in the "Golden Darts" event.

　　Hao Jingwen said that he was chosen because his talent and achievements were there, and there was no special channel; secondly, if he didn’t overcome this psychological barrier and get out of the shadow of failure, I’m afraid he would not be able to pass this barrier in the future. Therefore, give him a chance, give him a chance to defeat himself and defeat failure; "Besides, this small failure can’t stand it, so if you encounter a war, will you be able to survive it?"

　　From the sharp reprimand at the beginning to sitting in the back cabin without saying a word, Tang Shuyi was under the tremendous pressure brought by Brigade Commander Hao Jingwen. The night before the "Golden Darts" competition, he was both nervous and excited. It was not until the next day that he completed the competition that his heart that had been hanging for several months was slightly relieved.

　　"Winning the’Golden Dart ‘is proof of the past. It doesn’t mean that he will still train and perform missions like other pilots in the future." Hao Jingwen said that it is absolutely impossible for the young eagle to become an eagle without experiencing ups and downs.

　　In 2011, Hao Jingwen won the first "Golden Helmet" of the Air Force with a big score. Since then, under his leadership, the army has won the first place in the actual military training competition of the Air Force "Golden Helmet" and "Golden Dart" for 6 times. 10 people have won the "Golden Helmet" and 6 people have won the "Golden Dart", ranking first in the entire Air Force. Hao Jingwen led a sharp knife team that fights against the sky.

　　It is this outstanding combat team that has repeatedly completed major tasks such as air rights protection for the Diaoyu Islands, regular control of the East China Sea Air Defense Identification Zone, and actual combat military training in the Western Pacific.

　　"A strong person is not strong, a strong team is the real strength. Just like, five fingers, only when they are clenched together and form fists can they have strength and win." Hao Jingwen said.

　　Flying, for the peace of the motherland and the people

郝井文驾机带队训练。（黄振伟/摄）

　　The pilot selected from the "Thousands of Troops" is a well-deserved proud son of heaven. However, if the proud son of heaven wants to become a "dancer on a sharp knife", he still needs to follow the path of "talent + diligence".

　　In the eyes of the soldiers, the severity of Brigade Commander Hao Jingwen was a bit "terrifying".

　　No matter night or rainy night, no matter thunderstorm or strong wind, "even if a knife is fired", as long as certain takeoff conditions are met, Hao Jingwen will take the lead in flying, he said, "War will not happen when the weather is just right."

　　No matter whether it is training or competition, even playing basketball, football and singing, Hao Jingwen also wants the team to strive for the first place. He said that "there is only life and death on the battlefield, victory and defeat."

　　哪怕飞得再好，也难听到他一句表扬，哪怕出现一点小的问题，也会招来他厉声斥责，他说，“宁让你一人哭，不让你全家哭。”

　　养兵千日，用兵一时。

　　2015年，在一次远程“奔袭”过程中，郝井文带队的编队遭遇“特情”。

　　“我们一共8架飞机起飞，旅长是长机。出发时，天气预报天气正常，一个多小时飞到那片海域时突遇积雨云。是飞过去还是绕过去？飞过去，会不会遭遇雷暴等危险；绕过去，油料够不够？这一切需要旅长在很短时间做出决定。他要求我们保持队形，跟他一起飞过去，我们在黑色圆柱似的云层间隙中穿行，在云层里飞了20多分钟，当时感觉每一分钟都很长。”回忆当时一幕，副参谋长王立至今还感觉十分惊险，“飞出积雨云又遇突发状况，由于海面风高浪急，目标靶点被吹跑了。此时又该怎么办？旅长指挥我们，避开航线在安全区域低空盘旋，经与地面指挥员联络确定攻击目标后，命中目标，我们才顺利返航。”

　　“旅长，是那种你找不到突破口，他会奇迹般地给你指一盏灯的人。”王立说。

　　说起那次经历，郝井文说，“随机应变是一个指挥员必备的素质”。

　　“从高空俯瞰祖国大地，万家灯火，安宁祥和，特别的自豪。特别想说，‘祖国的每一寸领空交给我们，请放心。’”铿锵有力的承诺是20多年苦练精飞的辛苦付出，郝井文经常用一句话勉励自己、激励战士，“强者都是含着眼泪在奔跑。”正是他们的艰苦实干，无悔付出，才有千家万户亿万人民的安宁祥和。

Take advantage of the Group’s 55th anniversary brand Dongfeng, and enjoy millions of glory of luxury electric off-road!

On September 24th, Dongfeng grandly launched the Warrior 917 Dragon Armor. This is not only a luxury electric off-road vehicle, but also marks the breakthrough of China automobile industry in the high-end market. Through film co-branding and innovative technology, Dongfeng Warrior 917 shows the strength of the brand in technology and design, and becomes the focus of market attention.

Market Breakthrough of Film Co-branded Vehicles

Warrior 917 Dragon Armor, starting at 768,000 yuan. Its design is inspired by loong elements, combined with the image of the Dragon Commando in the film, and it is painted with highlight desert storm yellow, making it the focus of the city and the wilderness.

Car buyers enjoy a number of free rights, such as life-long free car pick-up and road rescue, as well as 20G cockpit entertainment traffic per month. This user-centered strategy enhances the brand appeal. In addition, Dongfeng Warrior 917 provides users with a number of car purchase privileges, including limited gifts worth up to 38,000 yuan, such as home piling, chassis armor and replacement subsidies, demonstrating its innovation in high-end customized services.

Extreme off-road performance and technological innovation

Known for its strong technical performance, Dongfeng Warrior 917 is equipped with the world’s first electric drive assembly integrating differential lock and two-speed gearbox, providing a maximum of 816 horsepower and a torque of 1050 N·m, far exceeding the traditional fuel vehicle. The electronically controlled differential lock and the central virtual differential lock ensure the vehicle’s ability to get out of trouble in complex terrain and are suitable for various off-road challenges.

The intelligent chassis design makes it extremely flexible, with the rear wheel angle of 10.6 and the minimum turning radius of only 5.1m.. The warrior all-terrain system M ATS provides a variety of off-road modes, which can automatically identify and adapt to different terrain, making it easy for drivers to cope with various road conditions. Professional equipment such as high-performance K-MAN coil spring nitrogen reduction and T-MAX professional electric winch further enhance the off-road ability and safety of vehicles.

Dongfeng Warrior 917 not only performed well in power, but also lowered the threshold of off-road driving through intelligent technology, attracting more attention of off-road enthusiasts.

The first film and television joint name, highlighting the true colors of Gao Ding.

As the first film joint car in China, Dongfeng Warrior 917 is not only an innovative attempt in the automotive field, but also a successful example of cross-border cooperation. Yu Dong, the chairman of Bona Film, became the first owner. He said that this car is a witness to the progress of China’s film and automobile industries and symbolizes the deep integration of the two industries.

On the occasion of the 55th anniversary, Dongfeng Company demonstrated its strategic layout in the field of luxury electric off-road vehicles. Warrior brand will continue to lead the trend, and strive to define the new height of cross-country in China through extreme cross-country and intelligent technology. Cao Dongjie, general manager of Dongfeng Warriors Technology, stressed that the company will take users as the center and provide users with products and services that exceed expectations through innovation.

In the future, Dongfeng Warrior will continue to expand its product matrix and meet the diverse needs of users with excellent technology and design. This not only shows the innovative ability of China automobile industry, but also injects new vitality into the luxury electric off-road vehicle market.

【 High and low judgment 】

The listing of Dongfeng Warrior 917 Jiaolong Armor marks another big step for Dongfeng Company in the high-end electric off-road vehicle market. With its unique design and excellent performance, this car not only meets the expectations of the market for luxury off-road vehicles, but also lays a solid foundation for the future development of the brand. Dongfeng Warrior will continue to be driven by innovation, promote the development of China off-road vehicle market and write a new chapter.

　　Sino-Singapore Jingwei client November 8 (Zhao Jiaran) The "double 11" war has started ahead of schedule. Next week, besides preparing enough "chop hands" budget, there are also these heavy financial events that may affect your "wallet". Let’s watch it in advance!

　　Data release

　　Next week, China will release the data of M0, M1 and M2 in October, as well as the data of CPI and PPI in October. The United States will release October CPI, PPI, etc., and Germany will release November ZEW economic climate index, October CPI and other data.

　　Market hotspot

　　First, October CPI, PPI, M2 and other data will be released.

　　On November 10th and October, CPI and PPI will be announced. Many institutions expect that CPI is expected to continue to narrow in October. In addition, the data of M0, M1 and M2 in October will be released on November 11th.

　　CICC recently released a research report, predicting that the year-on-year growth rate of CPI will drop from 1.7% in the previous month to around 0.5% in October, and may further decline in November. However, the year-on-year growth rate of non-food prices may be relatively stable, and the year-on-year growth rate of service prices may improve. It is expected that PPI will maintain positive growth in October, and the year-on-year decline will narrow slightly from 2.1% in September to 2%.

　　According to a research report released by soochow securities, the recovery of PPI in China is still strong, and consumption and investment are accelerating. In September, the manufacturing PMI rose by 0.5% month-on-month, and the decline of PPI is expected to narrow in October, and it is expected to close at -2.10% year-on-year. In addition, M2 is expected to close at 10.5% in October.

　　Second, the peak period of "double 11" express delivery is approaching.

　　The State Post Bureau held a special press conference on service guarantee in the peak season of express delivery business. According to reports, the peak season in 2020 ranges from the beginning of November to the eve of the Spring Festival in 2021 (February 12), totaling 103 days. Among them, during the "double 11" period (November 11th to 16th), there will be a peak season, and it is estimated that the daily average express delivery business volume will reach 490 million pieces, which is about twice the daily business volume.

　　According to the State Post Bureau, this year is the 11th peak season for the postal express delivery industry to systematically organize and meet the express delivery business. At present, the enterprise has added 490,000 temporary workers, 100,000 vehicles and 5.39 million square meters of processing space, increased transportation capacity reserves, and added high-speed rail express lines.

　　Third, in the fourth quarter, the voucher-type savings bonds was issued on the 10th.

　　According to the Ministry of Finance, in the fourth quarter, savings bonds will start issuing on October 10th and November 10th respectively, and the electronic savings bonds will be issued on October 10th with a term of 3 years and 5 years, with annual interest payment. On November 10th, savings bonds with certificates was issued, with a term of 3 years and 5 years, and the principal and interest will be repaid in one lump sum.

　　It is reported that the two issues of treasury bonds are issued to individuals at face value, and the sales face value must be an integer multiple of 100 yuan. The two issues of national debt are registered national debt, registered in real-name registration system, which can be reported as loss, but not negotiable. Two issues of treasury bonds may not be redeemed in advance during the issuance period, but may be redeemed in advance after the issuance period. The early redemption business can only be handled through the counter of the business outlets of the members of the underwriting syndicate.

　　Four, the central bank’s open market 320 billion yuan reverse repurchase expires.

　　Wind data shows that there will be 320 billion yuan of reverse repurchase due in the central bank’s open market next week (November 7 to November 13), including 50 billion yuan, 120 billion yuan, 120 billion yuan, 30 billion yuan and 0 yuan from Monday to Friday respectively, and there are no repurchase and central bank bills due.

　　Stock market outlook

　　I. Opportunities for new shares

　　Wind data shows that next week, two new shares will be listed first, and eight new shares will be purchased online.

　　On November 9th (Monday), N Wantong (stock code 830839.OC) and N Haosen (stock code 688529.SH) will be listed soon. Among them, N Wantong is a professional equipment manufacturer dedicated to the design, development and manufacture of hydraulic machinery products; N Hausen specializes in intelligent equipment, assembly technology and comprehensive solutions for complete sets of customized products.

　　On November 9th, three other companies subscribed, namely Dezhong (stock code: 838030.OC), Kangping Technology (stock code: 300907.SZ) and Huichuangda (stock code: 300909.SZ).

　　On November 10th, Northland (stock code: 430047.OC) will make a subscription.

　　On November 11th, three new shares were subscribed, namely Zhongjing Food (stock code: 300908.SZ), Mingxin Xuteng (stock code: 605068.SH) and Zhongkong Technology (stock code: 688777.SH).

　　On November 12th, Cube Pharmaceutical (stock code: 003020.SZ) will make a subscription.

　　Second, institutions look at the market

　　Gf securities: how to grasp the "production expansion" cycle of export chain?

　　A shares exclude the profit growth rate of the third quarterly report of finance -5.92% (the profit growth rate of the interim report is -25.04%). Non-financial A-shares recorded the highest Q3 quarter-on-quarter growth rate since 2003, and we revised the A-share profit forecast for the whole year. Under the assumption that the epidemic will not affect the large-scale asset impairment, it is predicted that the annual non-financial net profit growth rate of A shares will increase to double digits.

　　On the whole, in the past 20 years, the "three-table repair"+production capacity has been cleared, but the medium and long-term economic growth expectations are weak, and the enterprise’s "expansion of production" is all ready, and it still lacks the east wind; Structurally, the epidemic has reshaped the global industrial chain, and China’s export chain boom is expected to continue to improve, which is expected to start a new round of "production expansion" cycle.

　　Huajin Securities: The total amount of funds has shrunk slightly, and some pro-cyclical sectors have been added.

　　Looking ahead, it is possible that the total amount of A-share funds will tend to be stable; The total amount of new shares issued in October decreased compared with the previous month. At the same time, the rate of reduction of industrial capital in October also declined, which is expected to reduce the contraction pressure of A-share funds. However, it is worth noting that Public Offering of Fund’s positions, especially those of partial-share funds, are still at a relatively high level, and may face some pressure of position contraction in the future. It is necessary to continuously observe whether the incremental funds brought by fund issuance can cover possible fund position fluctuations.

　　The change trend of capital preference from the third quarter to the present: short-term funds turn to pro-cyclical and optional, while medium-and long-term funds pay more attention to pro-cyclical, and the intention of holding positions within technology consumption is divided.

　　Southwest Securities: New Kinetic Energy of Digital Economy Growth in 2021

　　Thoughts on stock selection in overseas industries With the Internet industry entering the second half, the competing growth among giants and the need to expand their ecology, this paper puts forward some differentiated views, such as paying attention to the ecological opening dividend of giant private domain traffic, paying attention to the cognitive gap of Internet enterprises in China, and paying attention to the overseas dimensionality reduction output of Internet models.

　　Looking forward to 2021, we will continue to pay attention to China’s Internet enterprises and spillover industries, with high-quality growth at home and new expansion overseas. With the decline of uncertainty of domestic epidemic situation, the consumer Internet field focuses on the habit solidification of epidemic situation, while the industrial Internet field focuses on value creation and C-side integration. With the uncertainty of overseas epidemic situation, we will continue to pay attention to the behavior solidification of the "home economy" industry overseas and the low-dimensional penetration of the domestic Internet model. It mainly focuses on three growth points: traffic production and precise directional distribution, data production factors and industrialization, and diplomatic geographical advantage dividend. (Zhongxin Jingwei APP)

Securities Times E Company News, according to the commodity market analysis system of the business community, in 2023, the external market was dominated by negative interest, the terminal demand was sluggish, and the domestic palm oil market fluctuated and fell, with the annual decline exceeding 14%. At the beginning of the year, the average market price of palm oil was 8356 yuan/ton. On December 31st, the average market price of palm oil was 7120 yuan/ton, down 14.79%. The highest price in the whole year is only 8406 yuan/ton, which is nearly 8000 yuan/ton different from the record high of 16240 yuan/ton in 2022. Business analysts believe that the pressure on the supply side is still there, and the demand is picking up one after another, playing a long-short game. In 2023, the palm oil market continues to weaken and has fallen to a low point. It is expected that the palm oil market trend in 2024 will be higher than that in 2023 as a whole, and it will usher in a big rise during the palm oil production reduction cycle, and the first half will be better than the second half.

With the continuous efforts of major domestic automobile brands, there are more and more scooters with a price of 100,000 yuan. Baojun has launched a new car, Yueye Plus, with a price of 9.38-103,800 yuan. At the same time, Baojun will launch two other new cars this year, and Yueye 2024 will also be listed simultaneously. As a heavy product of Baojun brand, Yueye Plus has shown great sincerity, and after its listing, a new round of controversy has also been drawn, that is, compared with the old faces at this price: Chery iCar03, can it have a chance of winning?

In fact, you can find that these cars all have the same feature, that is, high face value. However, their images are also different. Yueye Plus is a hard-line route, with square box shape and unique details. It looks very retro and domineering, with a unique sense of sight of off-road SUVs. Chery iCar03 is also a square box shape, but it is too avant-garde; Meta-UP is a family-style design, or a traditional rounded treatment. Personally, I think Yue Plus is more suitable for most people’s aesthetics.

In addition to the face value, everyone chooses this level of effect, and there are also requirements for space. Yueye Plus adopts pure electric platform design, and the passenger compartment space reaches 2682 mm. At the same time, it is optimized for the head and leg space of the whole vehicle, and the maximum head space of the front and rear rows is 1043mm and 1061mm； respectively. At the same time, Yueye Plus has a front legroom of 913mm and a rear legroom of 870 mm. Whether children or adults are in the front or rear row, they can get spacious seating space, which shows that Yueye Plus has no problem at home.

As a product with the same price, although compared with Chery iCar03 and YuanUP, Yueye Plus has not opened UP too obvious differences, it can bring relatively better space performance when it is full or when there are taller passengers traveling, which is still worth looking forward to.

In addition, it is worth mentioning that, unlike the plastic-coated materials mainly used in Chery iCar03 and YuanUP cars, the soft materials in Yueye Plus cars cover an area of 2.24㎡, and the places that you can basically touch, including handrails, middle panels, seats and other daily high-frequency contact areas, are all soft materials, and feel quite good.

Of course, no matter the face value or ride comfort, we can’t see much difference based on the similar positioning of the three models. What really reflects the gap lies in the fact that Yueye Plus is equipped with the map-free urban pilot-assisted driving function, which does have leading strength.

In everyone’s impression, the urban pilot-assisted driving function is only available on 200,000-300,000 models, but Yueye Plus has been subverted. Its smart driving system can cover urban areas and highways all over the country. At the same time, this system also has the operations of fast route learning, autonomous ramp up and down, active lane change, active overtaking, start and stop of traffic lights, and turn around and turn left and right, which greatly reduces the driving difficulty of car owners.

As for the other two cars, the performance of Chery iCar03 is not bad, and it can realize L2+ driver assistance function, with functions such as automatic on-ramp and automatic parking. Meta UP only supports L2 driver assistance function. However, compared with Yueye Plus, the gap is still obvious.

Therefore, in my opinion, Yueye Plus is not only a more fashionable choice, but also a smarter choice, which is the first choice for 100,000-class scooters. After all, for now, it seems that there are only models that can really achieve urban pilot-assisted driving at a price of more than 100 thousand, so if you want to experience advanced driving assistance at the same price, it is naturally the first choice, what do you think?

# Plus # # The first choice for 100,000 city family cars #

According to CCTV news, on the morning of July 12th, a company named "Fujian Zhuoyue New Energy" in xinluo district, Longyan, Fujian caught fire and smoke billowed from the scene. At present, Longyan local fire brigade Wu and forest fire brigade rushed to the scene for disposal.

According to the introduction of the fire rescue departments in Fujian Province and Longyan City, the fire broke out in the tank farm of Zhuoyue Company’s workshop, with three tanks, mainly storing waste oil, vegetable oil and biodiesel, and there were several large and small tanks around. After preliminary investigation, as of 14: 00, the fire caused two employees in the factory to disappear and two were injured, one of whom was seriously injured.

(Source: CCTV News)

It is reported that Fujian Zhuoyue New Energy was listed in science and technology innovation board on November 21, 2019, and its stock name is Zhuoyue New Energy, which is called "the first share of biodiesel in science and technology innovation board".

According to the data of official website, Longyan Zhuoyue New Energy Co., Ltd. was established in 2001, which is an enterprise specializing in the R&D, production and sales of biodiesel and derivative industrial glycerin by using waste oils such as waste cooking oil and acidified oil.

The 2019 annual report shows that Zhuoyue Xinneng’s total revenue in 2019 reached 1.295 billion yuan, a year-on-year increase of 27.22%; The net profit attributable to shareholders of listed companies was 216 million yuan, a year-on-year increase of 61.25%. According to the company’s relevant research report released by Essence Securities, Zhuoyue Xinneng has a complete industrial chain of biodiesel, and its export volume ranks first in the national industry for many years. In 2019, biodiesel exports reached 187,800 tons, up 23.0% year-on-year, mainly exported to the European Union.

As of July 12, the total market value of Zhuoyue Xinneng was about 6.984 billion yuan, and its share price was 58.2 yuan/share.