How Nongfu Spring Achieved a Mineral Water Empire

  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.

From Sun Yaowei to Wu Mengda, why did "Fighting Demons in Chang’an" attract so many "old faces"?

After watching the movie "Changan Fighting Demons", some audience members exclaimed: "My God! My youth is back! Why are so many familiar faces and old faces appearing one by one." The main content of the movie’s story is what the title tells everyone – in Changan City, Changan goes to fend off demons. Li Changan, the little chef who accidentally got the artifact, finally saved the people of Changan City after continuous struggle and test.

The actor who plays the male lead, Li Changan, is the actor Bao Jianfeng, whom the audience has not seen for a long time. Speaking of this handsome and handsome actor, it is rare that he has ever starred in any film and television dramas. Previously, he has also starred in many classics that impressed many audiences in their childhood, such as "The Supreme Beauty" and "See Another Curtain of Dreams". Although he only starred as the second male in these dramas, his appearance has always been very online, which does not prevent him from becoming one of the childhood memories of the audience.

There is also Sun Yaowei, who played the villain, who was once recognized by the Hong Kong media as one of the four little kings. "Oolong Breaking Through Love" and "Princess Huaiyu" are also precious childhood memories for many people. In addition, there are veteran actors such as Luo Jiaying and Wu Mengda, who do not need to list their works. As soon as they see their faces, the audience will understand them all.

This made one wonder why this movie attracted so many veteran actors.

The first reason is that one of the directors of this film is Li Lichi, who has worked with Zhou Xingchi many times. His films such as "King of Comedy", "God of Cookery", "Shaolin Football", "Tang Bohu Dian Qiuxiang" and "Domestic Lingling Paint" are all well received and well received. Therefore, we are not at all surprised that there are supporting roles in Chow Xingchi’s previous films, such as Wu Mengda’s appearance.

Secondly, it is because the characters in the script can attract them and make them feel that the role is tailor-made for them, or that the role is an experience they have never had before, that they are willing to play.

Take the nearly 70-year-old Wu Mengda, Uncle Da, for example, the character he plays is willing to self-destruct his cultivation for the common people in the end, thus saving the world. Such a profound sense of human nature cannot be easily brought to the audience, but only Uncle Da plays, the audience can feel full of true feelings. When Wu Mengda appears in the movie, it is still what we remember. It seems that he is an old demon suppressor with profound Taoism, who has "exquisite" words and deeds, and eating a shabu meat hot pot is also different, but occasionally he will drop the chain, resulting in a series of laughs, and finally played a decisive role at a critical moment. Although it is Wu Mengda’s usual routine and setting, it still reminds the audience of the memories of that year. Sure enough, a classic is a classic, and only Uncle Da can bring us this feeling.

Of course, in addition to the supporting role blessed by Wu Mengda, which brought the audience a sincere humanity, this movie is a rare plot in which the protagonist hangs up at the end. The heroine committed suicide for love, sacrificed herself, and sacrificed everything for peace. The movie goes smoothly, and the protagonist sacrifices himself naturally as the plot develops. Compared with the cheap means of forcibly earning tears, it reflects the depth of human nature that the screenwriter pays attention to when polishing the script.

Li Changan, the male protagonist who can make the heroine willing to sacrifice himself for love, is an ordinary little chef. For love, he became a demon suppressor under various coincidences, and wanted to prove himself. Such characters can be seen everywhere in the Jin Yong film and television dramas we have seen before. The little character wears the protagonist’s halo, takes the golden finger, and has been hanging all the way since then, constantly upgrading and fighting monsters, and finally laying down the boss, marrying Bai Fumei, and reaching the peak of life. Although such stories are old-fashioned, but in good conscience, the audience sometimes likes such stories. After all, the Chinese New Year is approaching, and no one wants to add blockages to their hearts. This is the plot that everyone likes to hear.

Moreover, this did not mean that the male protagonist was really useless, relying entirely on the protagonist’s aura. In fact, many times the male protagonist’s meticulous intelligence was hidden in every corner of the plot, laying the groundwork for his future success, and it would not make people feel that he could become the "only" to save the world.

For many audiences, some old actors are indeed no longer seen. Now that they can come out and make a new movie, it is nothing more than allowing them to meet the characters and books that really suit them, so that they have the opportunity to show their faces. Therefore, audiences who want to relive their old dreams can try to see if this movie can still bring back the feeling they once remembered. Text/Moon Arc

Evergrande Real Estate will hold a "20 Evergrande 05" bondholders meeting

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

Company Frontline | Changan Automobile Theme Key Points Adjustment and Update

  () F10 data shows that on August 24, 2022 () the main points of the theme have been updated and adjusted:

  Proposed increase of $1.169 billion to Avita

  In August 2022, in order to enhance its core competitiveness, strengthen the coordination of industrial chain resources, and accelerate the development of intelligent electric vehicle (SEV) business, Avita Technology, an associate of the company, introduced investors in the Chongqing United Equity Exchange by way of public listing and expansion. Six investors were finally identified. The original shareholders of Avita Technology, Southern Industrial Fund, (), Fujian Mindong, Jiangxi Securities, Chongqing Cheng’an, and NIO waived the right of first refusal. Avita Technology has signed relevant strategic cooperation agreements with the above-mentioned new investors, and plans to carry out strategic cooperation in the fields of sales network support, chip supply guarantee and visual image perception, and intelligent cockpit development to further strengthen the advantages of industrial chain resources. Avita Technology plans to increase its registered capital by 472,241,200 yuan, and Changan Automobile plans to increase its capital by 116,900 yuan. After the completion of this capital increase, the proportion of Avita Technology’s shares held by the company will increase from 39.02% to 40.99%. It is still a joint venture of the company and will continue to be accounted for using the equity method. Based on the financial data of Avita Technology on March 31, 2022, this transaction is expected to reduce the company’s capital reserve by about 100 million yuan, which will not affect the company’s profit and loss.

  High-end intelligent electric vehicle brand

  The LUMIN released by the company interprets the new generation of "national boutique scooter" through good-looking appearance, safe configuration and comfortable driving experience. The upcoming C385 is the first mass-produced model of Changan’s new pure electric platform. It realizes soft and hard coupling with forward-looking styling and intelligent technology to meet the needs of users in all scenarios. The company and its partners join hands to deepen cooperation and win-win future, and join hands with Huawei and Ningde Times to release a new high-end intelligent electric vehicle brand – Avita, debuting the first model Avita 11. In 2022, Changan high-end brand Avita will launch the first high-end intelligent electric SUV, dedicated to meeting the needs of automobile consumption upgrade and promoting the transformation of intelligent electric vehicles. It will create leading products from six aspects: styling design, battery life and performance, fast charging, intelligent driving, emotional intelligence and smart ecology.

  UNI series, CS series new products

  In 2022, the company released three products of the UNI series. The UNI-V has restored the concept design of the coupe, equipped with the unique electric rear wing of the same class, electric hatchback door, large-size sports tires, and equipped with a new UNI smart driving cabin, high-level intelligent driver assistance system and APA6.0 remote intelligent parking. It aims to give users a unique sense of advanced sports and future technology, redefining "DREAMCAR for young people". The listed UNI-KiDD is the company’s first mass-produced model equipped with the Blue Whale iDD hybrid system. Under NEDC conditions, the pure electric cruising range is 130 kilometers, and it is also equipped with a wealth of intelligent technology configurations to meet the needs of users in a variety of vehicle scenarios. In the second half of the year, another hybrid model will be launched to deepen the hybrid market segment, strengthen its occupation, and accelerate the transition to electrification and electrification. The company’s listed second-generation CS75PLUS is equipped with a new generation of Blue Whale engines, all Aisin 8AT, and is equipped with intelligent W-HUD, IMS intelligent interaction system, APA5.0 remote control valet parking system, IACC full-speed intelligent cruise system, 12.3-inch dual screen and other fully upgraded tomorrow’s intelligence, bringing strong power experience and intelligent travel companionship, dedicated to meeting users’ core demands for compact SUVs. It is expected that two CS series models will be launched in the second half of 2022, which will be continuously optimized through internal and external accessories, performance improvement and intelligent technology configuration upgrades to enhance product competitiveness.

  The subsidiary plans to introduce capital increase entities such as Ningde Times

  In November 2021, Avita Technology, a subsidiary of the company, took the asset appraisal report as the basis for pricing, and introduced Ningde Times, Fujian Mindong, Chongqing Chengan, two Jiangxi certificates, Southern Assets, and Southern Industrial Fund as the investment entities of this capital increase and share expansion to participate in the capital increase, and Changan Automobile participated in the capital increase by non-public agreement. The capital increase and share expansion will be carried out in cash, and Changan Automobile plans to increase its capital by 50 million yuan (waiving the right to increase the capital in the same proportion). CATL plans to increase its capital by 769.6 million yuan. After the completion of this capital increase, the registered capital of Avita Technology Company will increase from 288 million yuan to 117,222.26 million yuan. Changan Automobile’s shareholding ratio will be diluted from 95.38% to 39.02%. CATL holds 23.99%. Fujian Mindong holds 5.00%. Chongqing Chengan holds 19.01%. Two Jiangxi Securities hold 1.87%. Southern Assets holds 8.73%. Southern Industrial Fund holds 1.25%. Nio Co., Ltd. (referred to as "NIO") did not participate in the capital increase, and the shareholding ratio will be diluted from 4.62% to 1.13%. Avita Technology Company is committed to building China’s independent high-end national brand and realizing its industrialization. In order to enhance development vitality, improve operational efficiency, accelerate the integration of new energy vehicle industry chain resources, and continuously expand the development space of the industry chain, this capital increase and share expansion involves the introduction of external resources for equity diversification reform, and ultimately realizes the smooth transformation of Avita Technology Company.

  Smart driving and vehicles to everything

  The company continues to build intelligent products with leading performance, and the "Beidou Tianshu" plan has been effectively implemented. In 2021, the APA 6.0 remote intelligent parking system will be released, which supports automatic location finding within a range of 30m, remote parking is controlled through mobile phones, and the parking accuracy of small parking spaces has reached the industry’s leading level. Mass-produced AR navigation, four-screen linkage, gesture control, track mode, intelligent welcome and escort, and more than ten industry-leading smart cockpit and intelligent vehicle control functions will bring users an excellent car experience. At the same time, Changan accelerated the construction of intelligent core capabilities of "core device map nuclear cloud network day", established a forward-looking technology research institute to carry out cutting-edge technology research such as chip design, crowdsourced maps, artificial intelligence, etc., and built a Changan automobile intelligent computing center to support intelligent driving and vehicle to everything services. On this basis, the first Changan Automotive Science and Technology Ecological Conference was held, and together with industry partners, the next generation of intelligent vehicle super digital platform SDA will be the first to realize the service-oriented central ring network architecture in 2023.

  Cooperate with Huawei, Ningde Times, etc. to build smart car brands

  On November 14, 2020, the company released the "Changan Changan – Changan Automobile Brand Day" activity on the CCTV financial channel. Changan Automobile, Huawei, and Ningde Times announced that they would jointly build a high-end smart car brand and publicly release the intelligent architecture "Ark Architecture" for the first time.

  Intelligent innovation

  Changan Automobile has released its intelligent strategy – "Beidou Tianshu" plan, which aims to transform from a traditional automobile manufacturing enterprise to an intelligent travel technology company. With the "4 1" action plan as the driving force, it has opened a new chapter in the transformation of Changan Automobile. Cooperate with Tencent, Huawei, (), etc., to build an intelligent automobile industry alliance. The new CS75 is launched with APA4.0, achieving the first mass production of L2-level intelligent driving in China; the L3-level limited autonomous driving technology has been engineered and entered mass production development. 55 new CS55s are equipped with L3-level autonomous driving technology, completing the world’s "largest autonomous vehicle cruise" and successfully challenging the Guinness World Record. L4-level autonomous driving has achieved the first demonstration operation in China and is in the leading position in the industry.

  Entering the automotive aftermarket

  Chongqing Changan Automobile joint stock company, Jilin Province Long-term Industrial Group Co., Ltd., and Nanjing Runli Automotive Parts Co., Ltd. have jointly signed the second brand spare parts joint venture cooperation agreement to establish a new joint venture company. The joint venture company will bring together the superior resources of brands, customers, supply chain, logistics and distribution channels, and provide quality and cost-effective second brand spare parts products and services to long-aged car owners in a market-oriented mechanism to build an automotive service platform and officially enter the automotive aftermarket.

  Established a shared travel company with Tencent, Alibaba, etc

  The company signed an agreement in Nanjing to jointly invest and establish a Nanjing Linkage Equity Investment Partnership (Limited Partnership) (tentative name, final name shall be subject to the name approved by the Industrial and Commercial Registration Authority, hereinafter referred to as "Linkage Partnership" or "Partnership") with Ning, FAW, Dongfeng, Tencent, Segali, Ali, Wuxi Feiye, Rongxun, Nanjing Hengchuang and Nanjing Linkage Bank, with a total share of 9.76 billion yuan. Among them, Changan Automobile subscribed 1.60 billion yuan. This partnership only invests in travel companies and does not engage in other businesses. The travel company is jointly funded by the three major central enterprise automobile groups and the leading companies in the Internet, finance, retail and other industries. The project aims to create a networked and shared "smart travel new ecology", providing the public with high-quality, high-safety, high-efficiency travel and a more pleasant lifestyle as the starting point, and is committed to becoming the most trusted travel service enterprise in China. While helping Changan Automobile cultivate new kinetic energy and explore new models, the travel company also plays a positive role in stimulating the traditional vehicle business. It will enrich and improve the Changan automobile ecosystem, enhance Product Research & Development, improve the brand power of Changan Automobile, and help Changan Automobile transform and develop.

  Intelligent technology, new energy technology

  Enhanced intelligent labels, APA5.0 with CS75PLUS launched in China, and L4-level autonomous driving based on 5G was put into demonstration operation, becoming the first Chinese brand. The first WeChat car version appeared at the Smart Expo, and joined hands with Tencent to create the "strongest cross-border CP". After 8 years, the global R & D center with a total investment of 4.30 billion was officially put into use, marking the official arrival of the R & D 4.0 era of "open sharing and global collaboration". Significant progress has been made in the financing and development of new energy, and the capital increase and mixed reform of new energy technology companies have been completed. Fuel cell vehicles appeared at the Smart Expo. Release with completely independent intellectual property rights, international first-class, domestic pioneering high-tech products – Changan smart core, fuel cell, battery safety and other core technologies have achieved phased results, new energy technology company UK hydrogen fuel cell technology innovation center inaugurated, the future will focus on hydrogen fuel cell vehicle power system integration and control technology, is building a fuel cell power system platform, new energy products are increasingly abundant, pure electric SUVE-Pro surprise listing, E-Rock debuted at the Guangzhou Auto Show.

  Intelligent Low Carbon Travel Technology Company

  The company’s main business covers the R & D, manufacturing and sales of complete vehicles (including passenger cars, commercial vehicles) and the R & D and production of engines. At the same time, the company actively develops new businesses such as mobile travel, automobile life services, new marketing, and power exchange services, and accelerates the exploration of industrial finance, used cars, and other fields, in order to build a more comprehensive industrial ecology and transform into an intelligent low-carbon travel technology company. The company always adheres to the mission of "leading automobile civilization for the benefit of human life", adhering to the concept of "energy conservation, environmental protection, and technological intelligence", vigorously develops new energy and intelligent vehicles, and is committed to leading automobile civilization with technological innovation, and strives to provide customers with high-quality products and services. After years of development, the company now owns Changan Automobile, Auchan Automobile, Kacheng Automobile and other independent car brands, and produces and sells joint venture brand models through joint ventures Changan Ford and Changan Mazda. It has launched a series of classic independent brand models including CS series, Yidong series, UNI, Auchan series, Shenqi series, etc. The joint venture has a new Focus, Forrest, Ruiji, Explorer, Adventurer, Aviator, Onxella, CX-5, CX-30 and other well-known products. At the same time, it has created Yidong EV, Benben E-star, CS55E-Rock and other new energy models, which are well received by the market and consumers.

Ask the world’s first full-size flagship SUV M9 debut

  Recently, at the nova 11 series and all-scene new product launch conference, AITO Qinjie M9 made its debut as the finale product. Yu Chengdong, executive director of Huawei, CEO of end point BG, and CEO of intelligent vehicle solutions BU, announced that Qinjie M9 will be officially released in the fourth quarter of 2023.

  Positioning the panoramic smart flagship SUV, the Q-world M9 brings a new family design based on the "ultimate simplicity and purity" design concept of the Q-world series. As a full-size flagship SUV, the Q-world M9 has a comfortable riding space comparable to MPV class, and provides a variety of riding spaces of 3-6 seats. The newly created D-class luxury SUV platform is equipped with an all-aluminum alloy chassis, and all series are standard with air springs and CDC shock absorption systems, bringing better ride comfort and safety. As Huawei’s deeply empowered flagship product, Huawei’s smart car full-stack technology solutions are fully on the bus. On the basis of the double "ceiling" of smart cockpit and smart driving, Huawei’s megapixel smart headlights, HUAWEI AR-HUD, AI big model, sensor federation and other black technologies are all on the bus, bringing the ultimate full-scene intelligent experience.

  "The Wenjie M9 has both the large space of a full-size flagship SUV and the flexible driving experience of a small car. It is equipped with a chassis suspension system that exceeds one million luxury cars. More importantly, it is equipped with Huawei’s most complete smart car full-stack technology solution. It will definitely become the leading work of the Wenjie series, more luxurious than luxury, more technological than technology, and brings users an unprecedented smart car experience!" Yu Chengdong said.

  New family design, the simplicity and purity of Vientiane Unification

  The brand-new family design of the M9 is inspired by a pure skyline, featuring a smart cockpit and comfortable space above the skyline, providing a luxurious experience with a wide field of vision. Beneath the skyline is a brand-new intelligent driving platform, providing an intelligent driving experience.

  The front face shape integrates innovative functions. The new smart lamp module integrates megapixel headlights, ADB (Adaptive High Beam)/AFS (Adaptive Headlight System) lights, starlight digital matrix interaction system and aerodynamic air intake curtain, making complexity simple and unified. The through taillights echo the design of the headlights, forming an All In One design from the front and rear, which is highly recognizable at a glance from 100 meters away.

  Variety of luxury space, comparable to MPV’s driving space

  As a full-size flagship SUV, the Wenjie M9 is 5230mm long and has a wheelbase of 3110mm. Based on the original design intention of six seats, it integrates innovative designs such as flat floors, flexible space changes, and changeable seat modes, allowing SUVs to achieve a variety of luxury space experiences comparable to MPVs.

  The Qinjie M9 realizes the same flat floor as the MPV, with three rows without steps for easy entry and exit; the second row has a larger adjustable range at the front and rear, and the seats of the whole car are provided with electric slides, which can be flexibly adjusted for occupants and luggage, making the ride more spacious and comfortable. The seats of the whole car support electric adjustment, so that every seat is first class, and will also provide a variety of seat modes with 3 | 4 | 5 | 6 seats.

  The new D-class luxury SUV platform, the driving experience of a million luxury cars

  The M9 is based on the new D-class luxury SUV platform, featuring an all-aluminum alloy chassis, an integrated die-cast body, and an aluminum alloy volume accounting for more than 80% of the body. It comes standard with air springs and a CDC shock absorption system, providing a driving experience that exceeds one million luxury cars.

  The M9 is equipped with the world’s largest integrated die-casting rear car body, using the leading 9,000-ton die-casting equipment in China, which greatly enhances the integration of parts and components. The overall body is better, and it has better ride comfort and safety.

  Huawei full-stack technology empowers cars to be smarter

  Huawei’s deeply empowered Q & A M9 is the culmination of innovation, bringing Huawei’s smart car full-stack technology solutions to the car, including Hongmeng Smart Cockpit, Huawei Intelligent Driving, HUAWEI xPixel, HUAWEI AR-HUD, AI Big Model, Sensor Federation, HUAWEI SOUND and other latest black technologies.

  Once the model of the Q & J series was launched, it was called "smart cockpit ceiling" by many users. With the launch of Huawei’s high-end intelligent driving system ADS2.0, the Q & J M5 smart driving version will also become the "smart driving ceiling". The gene of the double intelligent ceiling is further upgraded in the Q & J M9, equipped with the latest HarmonyOS and Huawei ADS, bringing a commonly used intelligent experience.

  HUAWEI xPixel smart lights are on the bus for the first time. With the high definition field of view of megapixels and leading intelligent light control, the lights are not only easy to use, but also safer to illuminate. With the star digital matrix interaction system, the lights are more fun. The original dual-reflection lens digital projection headlights realize ultra-near-field projection, and the Q M9 can create personalized welcome animation and activity space through projection to meet the outdoor entertainment needs of family and friends.

  HUAWEI AR-HUD also landed on the Q-M9 for the first time, with the industry’s highest 2K high definition resolution, can present a 75-inch large frame size display area, and the head is a large visual field. HUAWEI AR-HUD can provide AR safe navigation information that fits the road surface and covers multiple lanes. It also realizes the industry’s first AR-HUD that deeply integrates real scenes and smart driving. Through the intuitive information display that fits the real environment, consumers can see, understand, and trust, making people and cars more secure.

  The M9 is equipped with a multi-screen full scene for the first time, fully equipped with 10 screens, with screen sizes from 16 inches to 100 inches, ready to meet any needs of driving, entertainment, and work, redefining the human-machine interaction of the large screen in the car and creating a revolutionary cockpit experience.

  Located in the center console of the M9, the AI smart crystal integrates light and shadow aesthetics, acoustic technology and AI wisdom. The crystal process is tempered, and Xiaoyi smart assistant is carried in the crystal for the first time. It is more ground-breaking to connect to the AI large model to create the industry’s strongest in-vehicle artificial intelligence experience. At the same time, the crystal is also the treble unit of HUAWEI SOUND. For the first time in the world, the Schroeder scattering acoustic technology commonly used in the opera house is applied in the car to make the sound distribution more uniform and bring a real in-vehicle opera house experience.

  It was also announced at the press conference.The estimated price range of the M9 series is 50-600,000 yuanThe extended range version and pure electric version will be available for pre-order on April 17, 2023. Consumers can book through Huawei Mall to enjoy the corresponding rights and benefits of the reservation, and will be officially released in the fourth quarter of 2023.

  In the era of smart travel, intelligence is the second half of the competition in the smart electric vehicle industry, and it is also the key to winning. The Q-M9 will start the game with its leading product quality, excellent driving experience, and ultimate intelligent experience.

Stunning design, Huawei Ascend P7 mid-autumn big price

  [PConline Anhui Railway Station Quote]As a typical example of the world’s thinnest machine, Huawei Ascend P7 has a stunning appearance design, both front and rear are third-generation Corning Gorilla Glass, which combines beauty and protection performance. At the same time, it is equipped with a HiSilicon Kirin 910T quad-core processor, has 2GB RAM, and a 5-inch full high definition screen. The running performance is also not to be underestimated. On the occasion of the Mid-Autumn Festival, "Hefei Five Star Telecom" is promoting this mobile phone. Interested friends may wish to call for consultation.

Mobile communication latest price change table
Model Previous quotation (yuan) Current price (yuan) Rise and fall (yuan) Remarks
Huawei Ascend P7 Mobile So — yeah. So — yeah. So — yeah.  So — yeah.
Collection date: August 26, 2014, please click for more market price changesAnhui mobile phone market

Huawei Ascend P7 Mobile
Huawei Ascend P7 Mobile  picture  series  review  forum  quote  Online shopping price  

Huawei Ascend P7 Mobile  Huawei Ascend P7 Mobile 

Huawei Ascend P7 Mobile  Huawei Ascend P7 Mobile 

  Huawei P7 is an upgraded version of the previous generation P6, with a body size of 139.8 × 68.8 × 6.5 mm and a weight of 124 grams. It is similar in appearance to the P6 design. It is still the style of the aluminum alloy frame and the C-shaped arc design at the bottom of the fuselage, but the material and craftsmanship of the fuselage have changed greatly compared to the previous generation. It is made of glass before and after, and the back case has textured decoration. The screen of Huawei P7 has been upgraded from the 4.7-inch 720P resolution of the previous generation to 5.0-inch 1080P (1920×1080 pixels). The screen frame is 2.97mm. The outer layer of the screen is made of Corning’s third-generation gorilla glass to enhance the scratch resistance. This screen also supports glove mode, which provides convenience for operating the mobile phone in winter. Huawei P7 is equipped with a 1.8 GHz HiSilicon Kirin 910T quad-core processor, with 2 GB RAM and 16 GB body storage space, and supports microSD card expansion; front and rear cameras are 8 million/13 million pixels.

PConline Product Library– Specifications
brand Huawei Honor
series Huawei P7 series
Model Ascend P7
Mobile phone frequency band GSM 850/900/1800/1900MHz, TD-SCDMA 1880-1920/2010-2025MHz, TD-LTE 1900/2300/2600MHz (Mobile 4G)
weight 124G
system Android 4.4
Bluetooth Bluetooth v4.0
WiFi (WLAN) Supports WiFi, IEEE 802.11 b/g/n
expansion card Support TF card (microSD card), up to 64GB expansion
product link //product.pconline.com.cn/mobile/huawei/559594.html
online shopping price comparison Price comparison of major e-commerce companies
IT mall Online shopping price
More details picture  quote  parameter  compare  User comments  Review · Quotes

  Editor’s comment:Huawei Ascend P7 adheres to the ultimate fashion and elegance unique to the P6. In terms of appearance design, the combination of metal and glass materials creates a high-texture exquisite craftsmanship, showing the beauty of technology and fashion. Interested friends are welcome to inquire or enter the store to buy. At that time, Pacific Computer Network will enjoy more discounts.[Return to Anhui Branch to view more]

  When purchasing a machine, mention PConline Pacific Computer Network for better service or discounts.

  [Reference price]:Huawei Ascend P7 Mobile Price negotiable
  [Sales Merchant]:Hefei Five Star Telecom  //m.pconline.com.cn/shop829407/
  [Business address]:Bao Wuxing Telecom, 2k19, 2nd floor, Xinyinhe Communication Mall, Baohe District, Hefei City, Anhui Province.
  [Business phone number]:18655111521
  [Latest Quotes]:Anhui mobile phone market
  [Quote inquiry]:Anhui mobile phone quotation

"Qingyu Nian 3" official announcement, Zhang Ruoyun joined hands with Li Qin, Tian Yu, Song Yi and other more than 20 leading actors to return

The official announcement of "Qingyu Nian 3" was launched, and the five protagonists were replaced. Yan Bingyun’s corner invited Xiao Zhan again.

"Qingyu Nian" is a series of classics created by screenwriter Wang Tie and director Sun Hao, and jointly created by Zhang Ruoyun, Li Qin, Chen Daoming, Wu Gang, Li Xiaoran, Tian Yu, Song Yi, Guo Qilin and others. The play is adapted from the novel of the same name by Cat Network and has been broadcast in three parts. At present, the first and second parts have already appeared. After the conclusion of "Qingyu Nian 1", news about the second part appeared in just one month, but what no one expected was that the release of "Qingyu Nian 2" made the audience wait for four years. Now, "Qingyu Nian 2" has officially ended, and the news of the third installment also appeared, which led everyone to ask, is this "Qingyu Nian 3" going to be on for three or four years? The answer is not so! "Qingyu Nian 3" was officially launched, and the five protagonists were replaced, and Yan Bingyun invited Xiao Zhan again. As we all know, the reason why "Qingyu Nian 2" was delayed for so long was mainly due to the environmental factors at that time. Not only the play, but many works were delayed because of those three years, but now it is completely different, so the launch of the play should be smooth sailing. Of course, although "Qingyu Nian 3" will soon be put on the schedule as hoped, the selection of actors is still the top priority. After all, this is the key point of a drama, so I will mainly introduce the general list of the drama. In the preparation of "Qingyu Nian 3", almost the vast majority of the lead actors have returned to the filming of the drama, including Zhang Ruoyun, Li Qin, Chen Daoming, Tian Yu, Li Xiaoran, Xin Zhilei, Song Yi, Guo Qilin, Liu Duanduan, Zhang Haowei, Gao Shuguang and more than 20 other actors. In addition to the return of many of the above protagonists, in the cast section of "Qingyu Nian 3", there are also many roles that have changed actors, among which Ye Qingmei, Ye Linger, Yan Bingyun and others are the most eye-catching. Although Ye Qingmei’s role has not appeared many times, it has always been in everyone’s memory, but her stories and legends have always been throughout, especially in "Qingyu Nian 3", so the candidate for this role is about to be screened again. However, it is interesting that most of the news on the Internet about the candidate for Ye Qingmei’s role points to Tang Yixin. As a flower with good looks, acting skills and popularity, Tang Yixin has a lot of faulty works, and it is easy to play a Ye Qingmei. In addition,In "Qingyu Nian 1", the popular male sidekick, Bingyun, has also ushered in a sudden increase in scenes, which is enough in the second installment

The star AI manga that exploded on the whole network, who is the face of Tianxuan manga? Click here to customize an exclusive AI photo for your idou →

Responsible editor:

A number of car companies have announced price cuts, and the car market will be "price war" or reopened in the second half of the year.

  Our reporter Gong Mengze

  In the first half of 2023, the automobile industry accelerated the "involution" in the reshuffle, and achieved a cumulative sales volume of 13.239 million vehicles in the first six months, a year-on-year increase of 9.8%. However, due to the low achievement rate of domestic automobile enterprises, especially new energy automobile enterprises in the first half of the year, enterprises started the impulse work early in the second half of the year.

  Since August, many car companies have joined the army of price reduction through official reduction, new car concessions and terminal concessions, covering more than 20 models, with prices ranging from 50,000 yuan to 300,000 yuan.

  On August 7th, the reporter of Securities Daily visited the authorized experience store of AITO Wenjie Automobile located in Blue Harbor, Chaoyang District, Beijing. As the first inquiry M5 to follow up Tesla’s price reduction at the beginning of the year, the current car purchase can enjoy the first sale rights of the optional fund of 10,000 yuan, the Beijing brand redemption discount of 5,000 yuan, and the optional equipment donated by subsidies varies according to different models. "In addition to price concessions, the equity category is mainly upgraded around the rim and seat configuration." The store sales staff told reporters.

  In addition, the reporter learned from china automobile dealers association that the inventory index of domestic dealers rebounded to 57.8% in July after three consecutive months of decline. At the same time, 32.7% of dealers have raised their sales targets in the second half of the year in the context of the continuous decline in transaction prices, which means that the sales pressure in the domestic automobile market has intensified, and a new round of "price war" may be reopened.

  A number of car companies announced price cuts.

  The "price war" in the second half of the year may be more intense.

  In August, SAIC-Volkswagen launched the "first shot" of price reduction, announcing the price reduction of nine SUV models of SAIC-Volkswagen from August 1 to August 31. Among them, the highest comprehensive discount for Tourang and Tourang X reached 60,000 yuan, and the highest comprehensive discount for Tiguan L plug-in hybrid was 55,000 yuan.

  On the same day, the zero-running car in the new domestic car-making force simultaneously started the price reduction activity of "double C-door, zero-running and summer price". Zero-run automobile announced the price reduction of some models of its C series, including two C11 models and three C01 models, of which the highest drop of C01 model reached 20,000 yuan.

  In fact, this is the year after the zero-run official announced the price reduction in March this year. "Everyone thinks that the central integrated electronic and electrical architecture is carried by products with more than 300,000 yuan. But zero running can popularize such an architecture to popular products. " Ying Zhou, general manager of the retail car marketing department, said in an interview with the Securities Daily that "technical equality" is one of the greatest significance of retail cars to ordinary consumers.

  Then, Chery New Energy launched an official event. Users can enjoy different cash discounts when purchasing three models of Chery New Energy, namely Little Ant, Unbounded Pro and QQ Ice Cream, up to 10,000 yuan. At the same time, SAIC MG MG also offered limited-time discounts for three hot-selling models: MG5 Scorpio, the third-generation MG6PRO and MGONE, with a maximum discount of 26,000 yuan for bicycles.

  Under the pressure, the Euler brand of Great Wall Motor has also launched a limited-time preferential activity recently, and many of its models have ushered in a sharp price reduction, and can enjoy a cash discount of up to 30,000 yuan. The models involved include Euler Lightning Cat, Euler Good Cat, Euler Good Cat GT Mulan Edition and Euler Ballet Cat; As for Nezha Auto, it has recently announced that its 2022 Nezha S will be released on Tanabata, with a maximum price reduction of 49,000 yuan from August 5, 2023, and at the same time, it will enjoy a financial discount or replacement subsidy of 8,000 yuan.

  "At the beginning of the year, Tesla took the lead in lowering the selling price and triggered other car companies to follow up. By March, the joint subsidy between Hubei government and enterprises triggered a national promotion, and then ‘ The dispute between oil and electricity ’ Competing for the user base, in fact ‘ Price war ’ It has never really stopped. " According to Zhang Xiuyang, Secretary-General of China Passenger Car Industry Alliance, the "price war" in the second half of the year is even fiercer than that in the first half.

  In fact, there has long been a consensus on the speculation that auto companies will continue to reduce prices in the second half of the year. Earlier, Cui Dongshu, secretary-general of the All-China Federation of Riders, said in an institutional investigation: "It appeared in the second half of the year ‘ Price war ’ The probability is greater. " Cui Dongshu also specifically mentioned that the market competition among brands in plug-in hybrid field will be more intense.

  Policies are favorable frequently.

  Automobile demand continues to recover.

  Previously, every time the domestic auto market experienced a "price war" and a wave of price reduction, it would have a great impact on the overall auto market revenue and profit in that year, disrupting the development rhythm of the auto market in the future, which would bring some negative effects that were not conducive to the development of the industry.

  Based on this, in order to create a good market atmosphere, China Automobile Industry Association initiated the Commitment Letter on Maintaining Fair Market Order in Automobile Industry, which was signed by 16 mainstream automobile companies including Dongfeng, SAIC and Tesla, requiring automobile companies to abide by the rules and regulations and standardize marketing activities, with the aim of maintaining the competitive order in the automobile market and jointly creating a harmonious consumption environment.

  On the policy level, on July 31 this year, the state officially promulgated the "Measures on Restoring and Expanding Consumption", in which automobile consumption was highlighted. On July 21st, the National Development and Reform Commission, the Ministry of Commerce and other thirteen ministries and commissions also issued "Several Measures on Promoting Automobile Consumption".

  In Cui Dongshu’s view, consumer demand is still insufficient, the industry operation is still under great pressure, and there are still many challenges in business operation. It is necessary to maintain the stability and predictability of policies to help the industry run smoothly.

  In 2023, China Automobile Association put forward the development goal that automobile sales are expected to reach 27.6 million units, a year-on-year increase of 3%. It is understood that on the basis of positive growth for two consecutive years, whether the domestic auto market can continue its growth performance has attracted much attention from the market.

  "The good performance of new energy vehicles and automobile exports has effectively boosted market growth." Xu Haidong, deputy chief engineer of China Automobile Industry Association, said that as the effect of automobile consumption promotion policy continues to appear, the consumption potential of the automobile market will be further released, which will help promote the steady growth of the industry throughout the year. (Securities Daily)

How about Xiaomi Smart TV, Xiaomi Smart TV Features Introduction [Detailed Explanation]

  Nowadays, televisions are an indispensable type of entertainment appliances in people’s normal lives, and it can be said that they can be seen in every household. With the continuous improvement of modern technology, televisions have also been upgraded, and smart TVs have gradually appeared in our lives. At present, there are many TV brands on the market, and I believe everyone is familiar with the brand of Xiaomi. So how about Xiaomi, smart TV? The following editor will take you to have a look!

  First, the screen

  Xiaomi’s smart TV has a 47-inch narrow side, using LG’s IPS screen and Samsung’s SVA screen. The screen quality of these two major companies is truly world-class. While mainstream TVs at the same price are generally 46 inches with domestic screens, it can be seen that Xiaomi still has an advantage in this regard.

  Operating system

  Xiaomi’s operating system is MIUI TV, which is easy to operate and rich in functions. * The main thing is that you can install Android applications and games, which is much better than other ordinary TV operating systems.

  III. Processor

  The CPU of Xiaomi Smart TV is a Qualcomm quad-core 1.7GHz processor, which has a rather high configuration even compared with mobile phones. Other mainstream TVs are generally core solo processors.

  IV. 3D function

  Xiaomi Smart TV supports 3D function, and giving two pairs of 3D glasses is a great value. Generally, some mainstream TVs of the same price support 3D, while others do not.

  4K ultra high definition

  4K refers to the physical resolution of 3840 × 2160, so that the total number of pixels of the display device exceeds 8 million or more. From the perspective of resolution indicators, 720P is the high definition standard, 1080P is the full high definition standard, 4K ultra high definition is 4 times the full high definition and 8 times the high definition, making the TV picture finer and more delicate.

  The above is the relevant content about whether Xiaomi smart TV is good or not, I hope it can be helpful to everyone!

Why is predecessor 4, which more than 2.9 million people want to see, far ahead?


Special feature of 1905 film network "Ex" is always an eternal topic. I believe that there is always a song belonging to it in many people’s song lists. Fish LeongI sang, "This moment suddenly feels so familiar/like it was being shown at the same time yesterday and today/my tone turned out to be like you/not the evidence that we loved";JJ LinSing "ex" as, "Don’t tell her/I still miss her/It’s easier to let go of hate than love. When tears block your chest/Let silence/take the place of all answers".


In the New Year’s Eve of 2017-18, a film "Ex-3: Goodbye to Ex-3" set off the market, and a film "Decent" made the story of Meng Yun (Han Geng) and Jia Lin (Kelly) a "difficult story" for many viewers. The lyrics "Breaking up should be decent/no one should say sorry/no debt/I dare to break my heart", which brings their final separation out of a new emotional point.



The story of the two people has regrets, or is unfinished, and almost everyone is looking forward to it. So what will happen next?selfEx-4: Early Marriage(hereinafter referred to as "predecessor 4") Since the official announcement, the number of people who want to see is far ahead, and it has exceeded one million on both platforms.Only after this "decent farewell" with my predecessor, the story went to "early marriage".



Before talking about "predecessor 4", we still need to understand why the "predecessor" series can last for a long time.


Looking back at the film history of China, few love movies IP have the opportunity to shoot three or more cases like the "predecessor" series. To a great extent, the popularity of the "Ex" series is due to the seemingly dramatic conflict of story lines, which can also make some viewers empathize and express their emotions.



The sense of reality under the drama comes from the fact that when director Yu-sheng Tian created this series, he took materials from life, recorded the emotional stories of friends around him, and then refined them.


As the creator grows older, the story slowly begins to enter a new link — — Marriage.Just like vice president of China Film Directors Association, famous producer, screenwriter and planner.Wang HongweiAfter the screening interview, it was said that "Previous 4" would be different from the past three films, and it was obvious that director Yu-sheng Tian had grown up to understand emotions.



It is true that when filming "Ex 4", director Yu-sheng Tian and starring Han Geng and Ryan all entered a new stage in their emotional life. Looking back at the lines of the past three films, Yu-sheng Tian even lamented that "I can’t write it now, which is a documentary reflection of that age".


The same is true for the audience of the "predecessor" series. After ten years, from the student days of that year, or just entering the society, most of them are now facing marriage and the "daily necessities" after marriage.



Under the eternal topic of "marriage", "Former 4" explores the more detailed key point — — Facing marriage with blind date (Meng Yun) and the "marriage cooling-off period" for couples to welcome marriage (Yu Fei) — — One of their core topics is the habit in emotion.


Meng Yunhe and Yu Fei (Ryan) are just like "two sides of one body" for habit.How many people, like Meng Yun, have had a vigorous emotional experience even if they don’t have the "supreme treasure" emotional expression. This experience has also become the key to making it difficult to cross yourself and start a new relationship. In today’s words, it is "sequela of breakup" — — Afraid of starting a new relationship, insecure about feelings, afraid of loneliness and getting along, afraid to try and touch.



In this state, many people are used to living alone, and the so-called "loneliness rating test" items on the Internet are no longer important, just as the lines in the movie say, "When you find that eating, watching movies, exercising and going to the supermarket can be done by yourself, you will gradually get used to this kind of loneliness."


Often at this time, parents will be more anxious and start the marriage promotion mode.From rejection to acceptance, young people now have their own understanding of blind date, from relatives to members who are willing to recharge their dating software — — At least for them, even if it is not for the purpose of marriage and love, it can become another new social possibility in this fast-paced life.



The description of the details in Ex-4 is extremely ingenious, which blends into feelings and is higher than reality, and skillfully handles the interpersonal relationship of contemporary young people in blind date. This subtle reality is interesting, and even echoes the "predecessor table" at the beginning of "predecessor raiders" (2014).


Of course, some people naturally expect to meet "soulmate" on blind date.Meng Yun’s blind date was not smooth until he met a lawyer, willow (Cya Liu Play) — — The opening does not have a strong purpose, but the humorous opening becomes a plus item. Getting along with each other is like entering the slow pace of student days, watching the stars. At this time, the movie offers another golden sentence, "People with single beliefs are more likely to meet soul mates, and such people treat their feelings more purely."



It’s just that compared with willow’s bravery, Meng Yun has become more embarrassed. He will write an article about "being used to being alone", but as Zi Wang (Romeo) said, "You are not used to being alone, but afraid of changing the present."


Sometimes, this change is "suffocating". Even if they are on the same frequency, a person begins to appear in life, which may change the pace of life, and the spread from point to point seems to have a lot of constraints.



This is not only Meng Yun’s mentality when facing willow, but also the problem that Yu Fei faces when getting along with Xiaodian (Mengxue Zeng).


Compared with Meng Yun’s twisted personality, Yu Fei is more straightforward in getting along with Tiny Point. A "Confession Bureau" in "Former 3" shows that this group of young people are calm and comfortable with their feelings, not binding each other, but also giving themselves space. Only when it comes to "Ex 4", when Yu Fei proposes "marriage", will he be worried that he can really enter the marriage state smoothly?



They continued all the styles in their previous relationship, carried out honesty to the end, and started the "marriage cooling-off period".


When a person starts to live in a house, it is necessary to share the whole wardrobe, even all the accommodation in the house, and there will be objects different from the decoration style, but this is the "tolerance" and "tolerance" faced by getting along. It’s just that this tolerance is a little more competitive, and both of us want to go to a better state and give each other a sense of security.



The original intention of each other is pure, just a buffer for emotional progress.This anxiety about marriage is just another emotion of young people nowadays — — Worried about divorce. Therefore, Yu Fei and Xiaodian constantly use the "confession bureau" to correct the trajectory of two people, but marriage is no more than love. At the same time, it is more like a game of "two people and three feet", acting in tandem to balance the pace of two people.


As Tong Liya said after the premiere of Ex-4, "Everyone should think about how to get into a marriage, and then how to go on well in the marriage."



So, did Meng Yun and Yu Fei give the answer at the end of the movie?It can only be said that "Ex 4" gives an emotional answer that belongs to the two of them at the moment. But at least the film cuts to the current urban youth’s attitude towards emotion, facing and even reflecting. As for what the final answer will be, it seems that it belongs to them.This is also one of the most attractive places in the "predecessor" series.



From "Previous Raiders" to "Previous 4", the development of the plot will have an ending and a conclusion, but the feelings will not.


The creative team is also keen on the observation of emotions. He did not instill these contents into the audience very boring, nor did he attempt to preach the truth. Instead, he opened them in a comedy way, but always when he was caught off guard, the tears of the audience came down.


It may just be the emotional white paper of urban youth. Every story is innovating, and emotions are close to the times, looking for resonance.


In 2014, the "Previous Raiders" made the issue of "predecessor" no longer heavy; In 2015, "Ex 2" let everyone face love seriously and feel the two-way love; In 2017, "Ex 3" left his dignity in the breakup; In 2023, "Ex 4" turned decency into a "goodbye" of Jia Lin, but left love to the habit and still had to learn to "let go".


The "Ex" series also seems to create a state of love for the audience. Laughter when in love and tears when breaking up can be experienced in an immersive way. By the time of "Previous 4", this experience had a diversified interpretation.



Everyone will also be curious, will there be a follow-up story in the "predecessor" series?


As Yu-sheng Tian said, more life experiences are needed. After all, the stories of the "Ex" series have been hidden in the reality of laughter and tears.