On January 12, Zhang Yimou praised Zhao Liying in an interview, and broke the news at the scene that Zhao Liying did not talk to others in the crew, just to find the status of the character. Zhao Liying also said that this was a very difficult challenge. She would put on earplugs on the scene and try to put herself into the character. If everyone communicated with her in sign language, she would succeed.

Recently, some netizens accidentally photographed Huang Xiaoming and Ye Ke appearing at a foreign airport together. According to netizens, the two seemed to be deliberately avoiding each other at that time, for fear of being photographed, and they were very careful with each other.

When it comes to Ye Ke, she is a genuine girlfriend publicly admitted by Huang Xiaoming after Huang Xiaoming and Yang Ying divorced. According to people familiar with the matter, Ye Ke, 31, is not only a top student at Shenzhen University, but also studied broadcasting professionally.

Such a talented and beautiful woman, it is no wonder that Huang Xiaoming has become no longer greasy after falling in love with her.

After falling in love, the two often showed their affection on Weibo, and posted the same dumplings and clothes together. Ye Ke not only went home with Huang Xiaoming to meet his parents, but also always stayed with each other’s family for the holidays.

However, Huang Xiaoming’s junior sister Zhao Shijin later came out halfway, went to the bar to play with Huang Xiaoming, and went shopping together. Ye Ke and Huang Xiaoming broke up unhappily.

Unexpectedly, after going around in circles, Huang Xiaoming still returned to Ye Ke’s side, and he chose the most suitable significant other for him. This time, the two went out hand in hand, which meant that the possibility of Huang Xiaoming and Yang Ying rekindling their old relationship completely disappeared.

According to people familiar with the matter, Huang Xiaoming’s son, Xiao Sponge, seems to have accepted Ye Ke as a kind and gentle stepmother. Ye Ke plays happily with Xiao Sponge every time he goes to Huang Xiaoming’s house.

If Huang Xiaoming and Yang Ying do not divorce, they can be said to be a model of celebrity couples in the entertainment industry. Unfortunately, the two have no fate, and even if they have children, they cannot carry out the marriage to the end.

Back then, Huang Xiaoming waved his hand and spent 200 million yuan to hold a wedding, which brought Yang Ying, who was only a minor actor in the 18th line, into the public eye.

As Yang Ying’s husband, Huang Xiaoming gave everything after marriage. Not only did he try his best to introduce all the performing arts resources in his hands to Yang Ying, but he also asked his friends in the circle to take care of Yang Ying more.

So hard to pay, should have been able to have a happy ending, but Yang Ying lack of talent acting, unable to conquer the audience. For this reason, netizens complain that she is a vase that can only stare but not act.

Perhaps because of Huang Xiaoming’s support and escort, Yang Ying’s worth has risen even without acting skills, and the salary of a TV drama once reached 80 million yuan.

In the face of so many criticisms, Yang Ying did not reflect on and improve her acting skills. Instead, she brazenly said that she was worth the price, and she always had a arrogant attitude.

It was Huang Xiaoming’s repeated indulgence that made Yang Ying feel more and more that she had achieved her current results through hard work. Gradually, she began to be impatient with Huang Xiaoming and had a skeptical attitude towards their marriage.

It was because of her psychological changes that she finally divorced Huang Xiaoming.

Huang Xiaoming later said in an interview: There is a kind of person, even if you help him, he will feel that his success is due to his own efforts and has nothing to do with your help.

The netizens pointed out that Huang Xiaoming was ordering his ex-wife Yang Ying.

If Huang Xiaoming still had expectations for Yang Ying when he first got divorced, then he definitely doesn’t want to have any involvement with Yang Ying now.

After the Crazy Horse Show, Yang Ying had no news at all, and her account was directly banned by the whole network.

The official real hammer, she is completely finished this time.

At that time, Yang Ying was still enthusiastically introducing to everyone that she was attending Fashion Week in Paris, France.

As a result, the next moment, she was met by netizens abroad. She appeared outside the door of Crazy Horse Show. Although she was in the car, everyone recognized her at a glance.

In a recent program, when asked by the host what he thought of Yang Ying’s involvement in the Crazy Horse show, Huang Xiaoming said something to distance himself from the relationship: As a public figure, you should be cautious in your words and deeds.

Indeed, public figures should be responsible for their own words and deeds. If you want to wear its crown, you must bear its weight.

After suffering a setback, Yang Ying was also trying hard to make a comeback recently. After feeling that there was no hope of making a comeback at home, she tried to move to a foreign country. On the cover of overseas magazines, Yang Ying’s eyes were sunken, and her whole person was much haggard.

No matter what, today’s situation was caused by herself and had nothing to do with anyone.

Recently, some netizens saw Yang Ying with her son in the emergency department of a hospital. At that time, Yang Ying was wearing casual clothes and a baseball cap, and rushed to the emergency department of the hospital with her son in her arms.

Xiao Sponge suddenly had a fever and cold in the middle of the night, and Yang Ying had been waiting for treatment with him in the hospital. When he was by his mother’s side, Xiao Sponge was very relaxed and slept diagonally in his mother’s arms.

There are not a few divorced parents, and many love their children together. After Yang Ying and Huang Xiaoming divorced, although both parties had their own lives, they never reduced their care for their children.

Some netizens suggested that since the child belonged to Huang Xiaoming and Yang Ying, remarrying the two would be the best choice. However, from Huang Xiaoming’s perspective, he and Ye Ke also seemed to have a deep emotional bond.

Each flower has its own fragrance. After separation, it is the best result for both parties to start a new life from scratch.

Why bother to cling to the past and let each other fall into deeper pain?

Responsible editor:

　　Xinhua News Agency, Beijing, October 10th, by topicFive-hundred-meter Aperture Spherical Radio Telescope (FAST) opened his eyes and saw two pulsars. What will he find in the future?

　　Xinhua News Agency "Xinhua Viewpoint" reporter Dong Ruifeng and Qi Jian

　　4,100 light years, 16,000 light years. Five-hundred-meter Aperture Spherical Radio Telescope (FAST), located in the mountains of Guizhou, just opened its eyes and saw two pulsars so far away from the earth.

　　On the 10th, the National Astronomical Observatory of Chinese Academy of Sciences announced that after a year of intense debugging, the 500-meter spherical radio telescope (FAST) has realized the smooth operation of various observation modes such as pointing, tracking and drift scanning, and confirmed several newly discovered pulsars.

　　The pulsar family has the "China Star" for the first time.

　　This is the first time that China’s astronomical equipment has discovered pulsars and achieved a "zero breakthrough" in this field. Since the first pulsar was discovered in 1967, there have been at least 2,700 members of the pulsar family discovered by humans in the past 50 years.

　　The National Astronomical Observatory announced the specific information of these two pulsars: the former has a rotation period of 1.83 seconds, which is about 16,000 light years away from the Earth, and the latter has a rotation period of 0.59 seconds, which is about 4,100 light years away from the Earth. It was discovered by Five-hundred-meter Aperture Spherical Radio Telescope (FAST) on August 22 and 25 this year in galactic plane, South China.

　　This is only part of Five-hundred-meter Aperture Spherical Radio Telescope (FAST)’s discovery. Li Yong, deputy chief engineer of "Tianyan" project, said that the debugging progress of "Tianyan" has exceeded expectations. At present, dozens of high-quality pulsar candidates have been detected, of which 6 have passed international certification.

　　According to scientists, pulsar is a neutron star with high speed rotation, which is produced by star evolution and supernova explosion. Its density is extremely high, weighing hundreds of millions of tons per cubic centimeter, and the size of a cube of sugar is equivalent to the weight of 10 thousand tons of ships on the earth. Pulsar is the most accurate clock in the universe because of its fast rotation speed and accurate rotation period. Because of this, pulsars emit intermittent periodic pulse signals, just like a rotating lighthouse that emits flickering light.

　　This special "skill" makes pulsars have important applications in the fields of timing, gravitational wave detection, and general relativity testing. Li Yong said that pulsars have extreme physical properties that cannot be realized in ground laboratories, and studying them is expected to get answers to many major physical problems. For example, the rotation period of pulsars is extremely stable, and accurate clock signals provide an ideal tool for major scientific and technological applications such as gravitational wave detection and spacecraft navigation.

　　"By long-term monitoring of rapidly rotating radio pulsars and selecting a certain number of pulsars to form a timing array, we can detect low-frequency gravitational waves from celestial bodies such as supermassive double black holes." Li Wei said.

　　George Hobbs, scientific director of the Parkes telescope at the Australian Academy of Science and Industry, said that the debugging and gradual production of the "Eye of the Sky" is one of the most exciting events in the international astronomical community.

　　Debugging results in one year, comforting Nan Rendong, the "father of the Eye of the Sky"

　　The original idea of "Eye of the Sky" came from the late astronomer Nan Rendong. From the idea put forward in 1994 to the official opening in 2016, Nan Rendong and his team have been pushing this seemingly incredible world-class project with all their efforts for 22 years.

　　There is no precedent in design and structure, and the early debugging of "Eye of the Sky" encountered great difficulties. Wang Qiming, chief engineer of "Eye of the Sky" project, said that all systems focused on equipment tracking and maintenance at first, and the debugging in the system seemed to be all right. However, after the joint debugging of all systems, a series of problems such as communication between systems, algorithm unification and security coordination were gradually exposed.

　　During the joint debugging period, the working state of "Tianyan" people is basically to work separately during the day, concentrate on meetings at night, change procedures overnight, and then try new schemes the next day, and repeatedly adjust to the best. In the 380 days and nights after the completion of "Eye of the Sky", the main control room is always open 24 hours a day unless there is power failure. During the day, the engineering team and the construction personnel concentrate on debugging; At night, researchers will fix the surface shape so that it points to a specific sky area, and through the rotation of the earth, the sky will drift and scan over the telescope.

　　Li Yong said that the drift scanning method is rarely used in pulsar search, but it can only be used during debugging. For this reason, researchers not only need to redesign the software, but also have to pay more work in data processing, but the final result is exciting. "Eye of the Sky" can get one or two high-quality pulsar candidates every scan.

　　Peng bo, a researcher at the National Astronomical Observatory and deputy manager of the "Eye of the Sky" project, said that it usually takes three to five years to debug foreign similar large-scale radio telescopes, and the "Eye of the Sky" has achieved initial results after debugging for one year.

　　"Eye of the Sky" will look for "aliens" and will dominate the future cosmic sky map.

　　Chinese and foreign scientists are expecting the discovery of "Eye of the Sky" to change from quantitative change to qualitative change. If "Eye of the Sky" can be the first to capture pulsars of galaxies outside the river, it will be of groundbreaking significance. Li Yong and his research team are already making technical preparations for observing pulsars in extragalactic galaxies, and will try them as early as next year.

　　Jocelyn Bell, the first astronomer to discover pulsars, visited the Five-hundred-meter Aperture Spherical Radio Telescope (FAST) earlier this year. She expected the world’s largest radio telescope to discover more faint, distant and unique pulsars, including those revolving around black holes.

　　For the "Eye of the Sky" whose observation range can reach the edge of the known universe, the discovery of pulsars is only one of its missions. In the future, it will also shine in neutral hydrogen observation, spectral line observation and finding possible interstellar communication signals.

　　According to BIGBANG’s theory, neutral hydrogen is an "old man" who is almost the same age as the Big Bang in the universe. Observing and studying the distribution of neutral hydrogen can help scientists to further understand the structure of the Milky Way and extragalactic galaxies and solve the mystery of the origin and evolution of BIGBANG and other universes. "Five-hundred-meter Aperture Spherical Radio Telescope (FAST) will draw the latest and largest standard cosmic sky map by patrolling the neutral hydrogen in the universe." Marko Krco (Kyle), a senior postdoctoral fellow in the "Eye of the Sky" project of the National Astronomical Observatory, said.

　　"Five-hundred-meter Aperture Spherical Radio Telescope (FAST)" can even "monitor" the radio waves emitted by alien civilizations that may exist in the universe. George Hobbs, scientific director of the Parkes telescope at the Australian Academy of Science and Industry, said that 20% of the time of the Parkes telescope is currently allocated to "looking for aliens", but nothing has been found. "Five-hundred-meter Aperture Spherical Radio Telescope (FAST)" has seen further, and maybe there will be exciting news in the future.

It is said that the Northern Shadow produces stars, but the Shanghai Theater Academy is also full of stars, and the more famous ones are Han Xue, Hu Ge, and Chen He. As the "Three Musketeers" in the play, Han Xue, Hu Ge, and Yuan Hong are really famous now.

Yuan Hong and Hu Ge had a good relationship. Everyone knew that when Hu Ge was hospitalized due to a car accident, Yuan Hong accompanied him day and night and gave up his acting career for a year. Such a friendship is a bit close, but Yuan Hong is now married.

The relationship between Hu Ge and Han Xue was also very good. It was said that Han Xue was the girl that all the boys in their class liked. Not only did she have a beautiful temperament, but she also said it!

Chen He, who was in the play, is also a good person, but everyone only remembers him and Xu Jing. Now that the parties involved have expressed their indifference, why should we question the responsibility of Chen He, and Chi Chi is also a very good person.

　　He has a strong sense of variety shows. You can see from his performance in "Running Man" that he is very warm to every guest.

It was Reba’s first time on Running Man, and it was also his first time participating in such a large-scale variety show. Chen He also took care of Reba very much, afraid that she would not be used to it, and said that he would pick up the burden of her idol for her.

During the few episodes when Jia Ling came as a guest, she and Chen He were both humorous and funny. Although the two were cowardly to each other, they both joked and didn’t mind afterwards. They were so polite.

　　Do you like this Chen He?

1905 movie network news On December 12, the first Hainan Island International Film Festival National Shooting Attractions Promotion Exhibition was officially launched in Sanya, Hainan. Owen Tao, General Manager of Hainan Island International Film Festival Co., Ltd., Jiang Ping, General Manager of China Film Joint stock company, Liu Yiwei, Secretary General of China Film Directors Association, Ye Ning, Vice President of Huayi Brothers Media joint stock company, Li Ning, CEO of Xinli Film, and Xiang Huaquan, Deputy Secretary of the Party Committee and President of Emei Film Group, attended the launch ceremony. Famous actors Guo Tao, Ming Dao and Wang Yanlin also attended to share their views on film and television shooting attractions.

　

According to the general manager of Owen Tao, the first Hainan Island International Film Festival National Shooting Attractions Promotion Exhibition is the first domestic high-end film and television attraction brand exhibition launched at the international film festival with the core concept of "culture + tourism". It aims to help cultural and tourism institutions around the world build a branding impression and influence, and make the Global Film Shooting Attractions Promotion Exhibition an important window for key local attractions and well-known brands to promote.

　

The event also announced the establishment of the "National Film and Television Tourism Cultural Cooperation Alliance" to promote the rich landforms and ideal scenic spots with artistic creation value and potential in the future, so as to promote the in-depth marriage and win-win development of tourism and film and television creation.

　

Filmmakers help Liu Yiwei, Guo Taoming and Wang Yanlin appear at the promotion exhibition

　

At the ceremony, filmmaker Liu Yiwei was the first to offer insights into the relationship between film and television production companies and scenic spots based on his personal production experience. "Attractions cannot bring high box office to movies, only high-box office movies can drive the development of scenic spots." He regarded it as a classic case and reminded the people in charge of scenic spots to form a correct understanding, not to invite the film crew to shoot while asking them to only shoot "the most beautiful story" in the scenic spot or to sing infinite praise to the scenic spot, but to let the film and television creators play freely.

　

Liu Yiwei introduced: "Filming is also a business. Australia provides a 40% tax refund policy to attract film and television production companies to shoot in scenic spots." He also hopes that the country can establish relevant preferential policies between film and television production and shooting scenic spots.

　

The new film directed and starred by Guo Tao will participate in the 2019 New Film Promotion Conference of the Chinese Film Market at this year’s film festival. While promoting the film, Guo Tao praised Hainan as a very good location for filming. He believes that Hainan’s unique climate and environment, good infrastructure and software construction, provide filming convenience for filmmakers, and these factors are also important reasons for the film crew to choose shooting spots.

　

Ming Dao, an actor who worked as a travel show host in his early years and is now a well-known actor and successful producer, was deeply moved by Liu Yiwei’s earlier statement that "making movies is also a business." "The public often has beautiful fantasies about making movies, but the actual execution is a business, and making movies is always short of money." He particularly emphasized the inseparable and close connection between film and television production companies and scenic spots.

　

Wang Yanlin, who performed brilliantly in hit dramas such as "The Legend of Chu Qiao" and "The Mage of Wuxin", has turned to the big screen in recent years to gain popularity. He took the stage with the creators of the new film and officially announced that the film will start shooting in Dalian next May. At the same time, they also called on local governments and scenic spots to provide more support and assistance to the film crew.

　

Film group executives share successful experiences, and scenic spot representatives appeal for cooperation

　

At the launch ceremony, Jiang Ping, general manager of China Film, combined the successful cases of China Film Film and Television’s shooting base, and suggested that local scenic spots should provide a comfortable shooting environment for actors and form their own characteristics, and create a setting environment for the film crew strategically and specifically. Ye Ning, vice president of Huayi Brothers, proposed that the shooting scenic spots should establish a medium and long-term industry-wide plan and learn from Thailand’s high-quality film and television supporting service system.

　

Li Ning, CEO of Xinli Film, took the production of the film as an example to share the successful cases of cooperation with Hubei Xiangyang Tangcheng Film and Television Base. Xiang Huaquan, President of Emei Film Group, focused on the "BRICS Film Industrial Park" and put forward expectations for the selection of shooting attractions.

　

In addition, representatives of famous scenic spots such as Hubei Qingjiang Gallery Scenic Spot, Chongqing Chiyou Jiuli City, and Hainan Hongzhou also shared their cooperation experience, demands, and preferential policies with film and television companies from the perspective of the tourism industry during the ceremony.

　

It is understood that the promotion exhibition will last for a week, and more senior executives of domestic top film and television companies will come to the scene to participate in the promotion meeting, scenic exhibition market, round table and other activities, with the help of the Hainan Island International Film Festival platform to help the transformation and upgrading of scenic spots and improve the film and television industry chain.

　

In addition, the promotion exhibition will also be through free promotion of poverty-stricken areas shooting attractions, inviting celebrity endorsements, etc., the film and public welfare, green development, poverty reduction combined, but also to expand the social benefits of the film festival; the exhibition will be more scenic promotional film in Cannes China Pavilion broadcast, scenic representatives have the opportunity to go to Cannes to promote scenic spots to filmmakers around the world.

　　Edison Chen looked serious, "I deeply think that this happened because I didn’t understand it exactly, and I came to a lot of conclusions. I didn’t take into account the whole environment, I only took into account myself, misjudged the environment, and didn’t respect the local culture where I live and make a living." Edison Chen continued to explain: "Having sex all over the world happens behind closed doors. I don’t think I did anything particularly wrong in that situation. The only thing I did wrong was the way I handled the incident in that cultural context. Maybe that’s a bit direct, but in terms of sex, I don’t think I was wrong."

Beijing News Shell Financial News (reporter, Bai Jinlei) Tencent Holdings (00700.HK) in the second quarter of 2023 financial report shows that the company achieved revenue of 149.208 billion yuan, an increase of 11% year-on-year, down 1% month-on-month; net profit (Non-IFRS) 37.548 billion yuan, an increase of 33% year-on-year, up 15% month-on-month. Tencent Holdings revenue has maintained growth for two consecutive quarters, and net profit growth has exceeded revenue for four consecutive quarters.

Value-added services, online advertising, fintech and Enterprise Services, and others are the four main businesses of Tencent Holdings. These four businesses accounted for 53%, 14%, 32% and 1% of revenue respectively in the quarter. Specifically, revenue from value-added services was 74.211 billion yuan, an increase of 50% year-on-year; revenue from online advertising was 25.003 billion yuan, an increase of 17% year-on-year; revenue from fintech and Enterprise Services was 48.635 billion yuan, an increase of 32% year-on-year. Value-added services, including games and memberships, contributed more than half of revenue and led other businesses in growth.

Editor, Yue Cai Zhou

Proofreading, Lucie

The Mid-Autumn Festival and National Day holidays have ended.

The working mode is turned on.

How did you spend this holiday?

Have you ever eaten an unforgettable meal?

Take a picture of the unforgettable early autumn scenery!

Previously, iJinshan released a "Post the beautiful holiday photos you took in Jinshan" collection, and netizens submitted articles one after another to post the beautiful photos they took during the holidays. The editor selected a total of 10 beautiful pictures. Let’s enjoy their works and stories together!

The earth’s skin hasn’t turned red yet, but tourists are still like weaves.

Location: Blossom at Sea

Author: R.L.

Enter the autumn day like the palette is overturned.

Location: Blossom at Sea

Author: Ye Zi Suiu

The beach is a sea of people, and all kinds of water sports make me have a lot of fun! Surfing, beach volleyball, and super cute sand sculpture exhibitions. Enjoy the sun and waves with a group of friends and make good memories. Various food stalls, filling the stomach and filling the mood.

Location: Jinshan City Beach

Author: gwj

Street lighting.

Location: Gate 5, Jinshan City Beach, Mengshan Road

Author: ang_ Trade

Thousands of fireworks are like the capital city, and the Yuan room used to make a big profit. Estimates are full of customers, and the human name is Xiao Linqing so far.

Location: Blossom at Sea

Author: Christo

This journey has made me realize more clearly that Jinshan is moving forward with a drive to make life better for Jinshan people and to make everyone feel the beauty of Jinshan!

Venue: Jinshan District Planning Exhibition Center

Author: Late Drunk Evil

The whole place of Fengjing Ancient Town exudes a charming tranquility and beauty. I am full of yearning for this because it brings me a unique feeling beyond the hustle and bustle of the city.

I was intoxicated by the flowing water on the small bridge in the ancient town. As I strolled on the old stone bridge and walked along the water bank, the clear water murmured softly, contrasting with the reflection under the bridge. The sight made me feel a pleasure in living in harmony with nature, as if time had slowed down here. And I was also attracted by the unique atmosphere of life in the ancient town.

Walking through the narrow stone streets, I saw many exquisite traditional buildings that carried the history and culture of the ancient town. Snack stalls exuded an alluring aroma, and art and handicraft shops displayed exquisite handicrafts. All this brought me an ancient and warm feeling, which made me deeply love this town.

For me, the ancient town brings a sense of tranquility and relaxation. Here, I can escape the hustle and bustle of the city and immerse myself in nature and culture. Every scenery makes me feel refreshed, every detail makes me feel warm. This sense of tranquility makes me feel as if I have traveled through time and space, back to a peaceful and ancient era. Fengjing Ancient Town is not only a picturesque place, but also a beautiful place to soothe the the heart and purify the mind. I am so moved that every moment left behind becomes a part of my beautiful memories.

Location: Fengjing Ancient Town

Author: Safe in and out

Record different beauty.

Location: Jiugong Road

Author: ten

The sun shines on the lake in the water nest scenic area of Caojing, reflecting a large area of broken gold luster, and the boat floats in it, like a light white bird. I can’t help but take my mobile phone to record the green trees and vines along the coast, the beautiful flowers and grass, the simple buildings that are scattered, and the vastness and magnificence of "water and sky", and my heart gradually brightens.

Green water and green mountains are Jinshan Yinshan, Jinshan is beautiful as the base color, holding the brush of rural revitalization, and outlining a beautiful vision of beautiful countryside and happy life.

Location: Caojing Shuihao Scenic Area

Author: Soft Heart Moon Egg

The teaching building is bright and dignified, the desks and chairs are neat, the sports field is clean, the parking lot is empty, the camphor trees are lush, and the birds are twittering. Autumn is crisp, the country is peaceful and the people are safe!

Location: Zhangyan No.2 Middle School

Author: Jade Flute Flying Sound

　　In 2024, the Hurun Rich List and the New Fortune 500 Rich List were released. Zhong Shanyuan, the founder of Nongfu Spring, once again topped the throne of China’s richest man with a total wealth of 450 billion yuan and a shareholding market value of 456.27 billion yuan. This is also his fourth consecutive title as China’s richest man. Mineral water is a traditional industry with intense competition and meager profits, but Nongfu Spring has achieved a hundred billion empire on such a track. What is the mystery?

　　High gross margin and ROE lay a solid foundation for Nongfu Spring

　　Despite the fierce competition in the mineral water industry, Nongfu Spring has an advantage among its peers due to its high gross profit margin and return on assets. The company’s net profit margin on sales in 2023 is as high as 28.15%, ranking among the best in the consumer goods industry, surpassing international giants such as Coca-Cola. At the same time, Nongfu Spring’s average ROE from 2019 to 2023 is 41.14%, and it will reach a high of 45.88% in 2023. This is mainly due to the company’s outstanding performance in supply chain management and cost control. Taking 2019 as an example, Nongfu Spring’s ability to control the cost of raw materials and packaging materials, logistics and transportation is significantly better than that of its peers, laying a solid foundation for high profit margins. Excellent profitability provides a guarantee for Nongfu Spring’s continuous and stable cash flow, and accumulates abundant capital for subsequent development.

　　All-category layout and innovation empower Nongfu Spring to develop incremental markets

　　The success of Nongfu Spring in recent years also lies in the industrial layout of all categories of beverages and the ability to cultivate new brands. In 2023, the company’s beverage business revenue accounted for more than mineral water for the first time, reaching 49.5%. Tea beverages, functional beverages, fruit juices and other categories together contributed more than 20 billion yuan in revenue. The matrix strategy across 17 brands and multiple categories has allowed Nongfu Spring to gain more incremental space outside the saturated mineral water market. Taking the tea drink "Oriental Leaves" as an example, the company has turned this "hardest drink" into a star product with 12.66 billion yuan in revenue, becoming the second growth curve after mineral water. With the support of innovative research and development capabilities, Nongfu Spring has continuously introduced new products, such as 100% tomato juice and 100% carrot mixed fruit and vegetable juice, to attract consumers’ attention with differentiated plant protein drinks.

　　The huge sales network and superior water sources are the moat of Nongfu Spring

　　Why can Nongfu Spring remain invincible in the fierce competition? In addition to the above factors, strong channel network coverage and high-quality water source endowment are the company’s core competitiveness that is difficult to replicate. In 2022, the company has more than 4,500 distributors, through which its products will be covered to more than 2.37 million end point retail outlets across the country. At the same time, the company’s high-quality water resources in Zhejiang Qiandao Lake, Jilin (), Hubei Danjiangkou and other places not only provide unique conditions for the production of Nongfu Spring high-end mineral water, but also bring synergy effect to the supply chain system of other beverage products, reducing comprehensive operating costs. With high-quality water sources and integrated operation from source to end point, Nongfu Spring has built an insurmountable moat in the industry competition.

　　After going public in 2020, Nongfu Spring handed over a bright transcript: a cumulative net profit of 33 billion yuan and a cash dividend of 23.10 billion yuan for three consecutive years. In the first two years of listing in Hong Kong, the company’s market value once rose to 750 billion yuan. Although it has since fallen back, it has stabilized in the 450 billion-500 billion yuan range. The price-to-earnings ratio in 2023 is 33 times, which is favored by Huatai Securities. It is given a valuation of 38 times, corresponding to a total market value of 459 billion yuan. This valuation reflects the capital markets’ affirmation of Nongfu Spring’s status as a "mineral water empire". Under the influence of external uncertainties such as brand crisis and market fluctuations, Nongfu Spring’s mature public relations and innovation capabilities have allowed it to move forward steadily and continuously consolidate its leading position in the industry. Zhong Shanyuan has achieved the pinnacle of mineral water, a traditional industry, and achieved the business legend of the era that belongs to Nongfu Spring.

Beijing News (Reporter Zhang Jian) October 16, Hengda Real Estate Group Co., Ltd. (referred to as "Hengda Real Estate") announced that according to the "Prospectus" and "Bondholders Meeting Rules", related matters trigger the conditions for the company’s bondholders meeting. The company will hold the "20 Hengda 05" corporate bondholders meeting from October 18 to October 19.

The announcement shows that the proposals to be considered at the above meeting include "Proposal on Changing the Relevant Time of the Bondholders’ Meeting" and "Proposal on Adjusting the Principal and Interest Repayment Arrangement of" 20 Evergrande 05 "Bonds".

According to public information, Hengda Real Estate completed the issuance of "20 Hengda 05" on October 19, 2020, with an issuance scale of 2.10 billion yuan, a coupon rate of 5.80%, a bond term of 5 years, with an option for the issuer’s coupon rate at the end of the third year and an option for investors to sell back.

Editor, Wu Xin

Proofreading, Liu Jun