西安品茶论坛 – 第 3 页 – 西安夜生活网论坛,西安耍耍网,西安品茶网

Taking correspondence as the touchpoint, financial intelligence sharing brings new ideas for the transformation of audit ecology to digital intelligence

Data from China Academy of Information and Communications Technology shows that from 2012 to 2021, the scale of our country’s digital economy grew from 11 trillion yuan to 45.50 trillion yuan, accounting for 39.8% of GDP from 21.6%. How to make good use of the value of data elements in the explosive growth of information is not only an important issue in the construction of "Digital China", but also a major goal for various industries to achieve digital transformation. These changes also bring opportunities and requirements for change to industries closely related to data such as finance and auditing.

At present, audit has become a key tool of corporate governance, and "letter" as a powerful audit evidence is still mainly paper, and there are risks of tampering and loss in the process of exchange and preservation. The digital transformation of audit is imperative.

Based on security compliance, financial intelligence sharing builds audit ecosystem digital intelligence infrastructure

For Financial Institution Groups, Accounting Firms, Enterprises, and Certified Public Accountants, the core premise of digital auditing is standardization and standardization.

In order to promote the digital governance and high-quality development of the audit industry, the Ministry of Finance, the People’s Bank of China, the State-owned Assets Supervision and Administration Commission of the State Council, the China Banking and Insurance Regulatory Commission, and the Securities Supervision Commission jointly issued the Guiding Opinions on Promoting the Digitalization of Letter Certificates of Accounting Firms in 2020, calling for steady progress in the digital construction of letter certificates of accounting firms and banks.

In 2021, the "14th Five-Year Plan for Accounting Reform and Development" clearly stated that it is necessary to accelerate the digital transformation of auditing from informatization to digital technology.

In August 2022, the "Implementation Plan for the Theme Activity of the" Digital Construction Year "of the Certified Public Accountant Industry" was officially released, and the plan proposed to support the construction of the correspondence information system. In accordance with the principles of "safety and control, public welfare attributes, standards and specifications, openness and compatibility", the China Certified Public Accountants Industry Association will concentrate resources to promote the digitization of correspondence certificates, and cooperate and support the construction of third-party correspondence information systems. The plan also proposes to explore the construction of a multi-disciplinary industry digitization construction organization system and coordination mechanism with the diverse participation and collaborative linkage of various entities such as regulatory departments, public interest associations, firms, and third-party service agencies.

Based on the understanding of relevant guidance and insight into industry pain points, Caizhi Sharing (Beijing) Technology Service Co., Ltd. (referred to as Caizhi Sharing) has always taken "security, compliance, intensive and efficient" as the top-level strategic guidance since its establishment in 2017, focusing on the development and application of blockchain, 5G, artificial intelligence, big data, cloud computing and other technologies, and has realized full-link digital empowerment in e-mail, logistics collection, talent training, RPA digital staff, finance and taxation consulting and other fields.

The digital solution of Caizhi Shared has improved the level of supervision and analysis capabilities, and has also produced many unexpected effects. For example, through the management structure of multi-role settings, Caizhi Shared can layer the responsible persons in accordance with relevant laws and regulations, and different audit units and audit roles can log in on demand, and the whole process can be traced back; by merging multiple functions of RPA, it realizes function points such as picture character recognition, voice and text translation, and intelligent filling. It can also simulate workflow, automatically fill in accounting, reply letters, etc., and greatly improve the efficiency of letter reply work. Through customizable standardized electronic templates, batch letter making, automatic storage, and global universal use become a reality, making the audit process a closed loop.

In the past five years, Caizhi Shared has continuously increased its investment in technology research and development, especially with Professor Zheng Zhiming, an academician of the Chinese Academy of Sciences, as the chief scientist, and the deep support of Hongchain Technology’s Internet of Things + full supply chain SaaS platform, Caizhi Shared’s technology applications in the fields of distributed trusted systems, blockchain, cryptography, privacy protection, etc. have been further strengthened, and it has more than 40 independent intellectual property rights. Effectively improve the efficiency of audit procedures, improve the quality of accounting information, reduce manual repetitive workload, and identify corruptive practices with digital capabilities.

In addition to the improvement of digital capabilities, the "independence" and "security" of the electronic confirmation letter platform have also been widely concerned by the China Certified Public Accountants Association and accounting firms. The i-letter platform provided by Caizhi Sharing is a third-party letter platform that is completely independent of the audited unit, the certified unit, and the accounting firm. The platform has obtained the "Ministry of Public Security Information System Security Level Protection 3.0 Certification", the only one in the domestic audit industry to obtain the Academy of Information and Communications Technology Trusted Cloud Enterprise SaaS Service Certification, and together with China Mobile, China UnionPay, JD.com, Alibaba Cloud, Huawei Cloud, Inspur Cloud, Kingsoft Cloud and other 17 domestic first-class enterprises have become the first to pass the Trusted Cloud as a Service security certification.

Taking the 5.0 version of i as the touchpoint, Caizhi shares the full link of deeply empowered audit ecology

Based on continuous technological development, Caizhi Shared has created a safe and reliable inter-industry recycling system for the audit ecosystem, and appeared at the 2022 China International Trade in Services Fair (referred to as the Service Trade Fair) as "the only information technology service provider participating in the audit industry".

At the launch of the results conference of the 2022 Service Trade Conference, under the joint verification of the China Certified Public Accountants Association, the Beijing Certified Public Accountants Association and many cooperative institutions, the "i-letter 5.0 version" made a big appearance. The product features of "paper-letter parallel use" are eye-catching. The advantages of high safety and reliability, zero cost in the center, and one-click manuscript can help the audit industry achieve a true "electronic letter, digital letter".

Taking the 5.0 version of i-letter as the touchpoint, Caizhi Sharing also showed the ability to support the entire chain of audit ecology empowered by the four major businesses of i-letter, i-excellent delivery, RPA digital employees, and iStudy training center in digital scenarios, attracting extensive attention and discussion in the industry.

Among them, i Letter is a third-party smart letter service cloud platform built and operated by Caizhi Sharing according to law, which can provide the audit industry with digital capabilities such as electronic, digital, and multi-identity registration and use of the whole process; i Excellent Send is a postal platform built by Caizhi Sharing based on efficient logistics services and support for enterprise role allocation. It realizes functions such as batch import, confidentiality authorization, and efficient settlement for units and individual users with high state-owned or confidentiality requirements and high-frequency sending of documents and items; RPA digital employees are based on RPA + AI technology, which can realize intelligent functions such as bill identification, intelligent reply, exchange rate entry, and efficient reconciliation, allowing salespeople to liberate from basic tedious work; i Study training center is authorized by ISACA (International Information System Audit Association), financial Through cooperation with internationally renowned professional institutions, institutions of higher learning, governments, and accounting firms, Smart Sharing cultivates a group of professionals who are not only proficient in financial accounting, auditing, and taxation, but also master the complex knowledge structure of information systems, network technology, and computer application technology.

The audit industry is not just a service, but also a high standard of trust. Through the strong alliance of strategic partners in multiple fields, Caizhi Sharing is creating Strategy and Development Ideas for the audit industry. At the conference of the results of the Service Trade Council, Ms. Zhang Liwen, the founder of Caizhi Sharing, held an on-site signing ceremony with more than ten industry high-quality associations and enterprises. Including Hainan Certified Public Accountants Association, Jilin Certified Public Accountants Association, ISACA International Information System Audit Association; Lixin, Rongcheng, Daxin, Zhongxing Caiguanghua, Zhongtianyun 5 well-known accounting firms, as well as China Building Materials Group Finance Co., Ltd., AVIC Plaza Industrial Group Finance Co., Ltd., China Post Express Logistics joint stock company, Jinwang (Beijing) E-commerce Co., Ltd. Well-known enterprises, including auditing, e-commerce, finance, logistics and other industries. Representatives of China Audit Zhonghuan, China Securities Tiantong, Zhongqin Wanxin, and Zhongtianheng Accounting Firm, which have signed cooperation with Caizhi Sharing, also attended the release of the 5.0 version of the i-letter.

Taking digital construction as a breakthrough point, financial intelligence sharing actively assumes corporate social responsibility

In terms of results, digital audit is of great significance for improving the value and utility of information and data. Accounting firms, enterprises, and Financial Institution Groups can not only use this to sort out the data information of previous years, but also carry out targeted cross-domain and cross-business correlation analysis and comprehensive comparison, thereby eliminating hidden risks and making more accurate judgments on enterprise operations.

Financial Intelligence Sharing takes this as the original intention of empowering the industry, and is committed to promoting the application of a new generation of information technology based on cloud computing, big data, picture recognition, artificial intelligence, blockchain, and the Internet of Things in the audit ecosystem. Under the background of the "14th Five-Year Plan" and the 2035 Vision Outline and "carbon neutrality", focusing on the paperless intelligent reply, comprehensive talent training, and green ecological creation of the audit industry, the ESG Strategy Committee was established to promote the audit industry to achieve green digital transformation and achieve high-quality development.

Wang Jin, chief operating officer of Caizhi Sharing, said that the "14th Five-Year Plan" is the starting point of a new journey to build a modern socialist country in an all-round way, and carbon neutrality is an inherent requirement for high-quality development. The digital transformation of the audit industry does not stop at the electronic form, but should be a series of changes in audit concepts, audit technologies and audit results. Caizhi Sharing will continue to enrich audit perspectives, improve audit efficiency, and promote the construction of "Digital China".

"In the face of sustainable development issues, we also need to think from a global perspective. For example, in the future, the measurement based on the" carbon footprint "of enterprises may appear in the financial statements. Will the audit industry add" carbon audit "? How to formulate relevant audit standards? These are the key directions of the Financial Intelligence Sharing Association. We also welcome relevant ecological enterprises to actively communicate with us to jointly promote the high-quality development of the audit industry in the context of" double carbon "."

Under the wave of digitalization, the audit industry is ushering in the transformation of production methods and governance methods. The digital intelligence platform represented by financial intelligence sharing continues to stimulate the vitality of various innovative elements, and empowers the audit industry with more inclusive, convenient, high-quality and efficient digital services. High-quality development.

Still very fierce to test the new BYD Tang DM 80 first.

Passive safety Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Main/passenger seat airbag Main ●/Deputy ● Front/rear side airbag Front ●/Back- Front/rear head airbag (air curtain) Front ●/rear ● knee airbag – Passenger seat cushion airbag – Front middle airbag – Rear seat belt airbag – Rear seat anti-sliding airbag – Rear center airbag – Rear forward airbag – Rear windshield airbag – Passive pedestrian protection – Runflat tire – ISOFIX child seat interface ● ABS anti-lock braking ● Braking force distribution (EBD/CBC, etc.) ● Brake assist (EBA/BAS/BA, etc.) ● Traction control (ASR/TCS/TRC, etc.) ● Body stability control (ESC/ESP/DSC, etc.) ● Active safety Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V lane departure warning system ● Active braking/active safety system ● Fatigue driving tips – DOW opening warning – Forward collision warning – Rear collision warning – Moving object early warning system – Sentinel mode/clairvoyance – Low speed driving warning – Built-in driving recorder ● Road rescue call ● Driving control Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Engine start-stop technology – Single pedal mode – Energy recovery system – Automatic parking ● hill start assist control ● Steep slope descent ● Air suspension – Electromagnetic induction suspension – Magic carpet intelligent suspension – Variable steering ratio – Four-wheel drive/cross country Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Central differential locking function – Integral active steering system – Wading induction system – Low speed four-wheel drive – Creep mode – Tank turn – Driving hardware Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Front/rear parking radar Front ●/rear ● Transparent chassis /540-degree image – Driving function Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Reversing vehicle side early warning system zero satellite navigation system ● Navigation road information display ● AR real-life navigation – High precision map – Parallel auxiliary zero lane keeping assist system zero Lane centering – Road traffic sign recognition ● night vision system – park assist vision – Remote parking zero Memory parking – Automatic lane change assistance – Automatic exit (entry) of ramp – Signal lamp recognition – Track backwards – Remote summoning – Steering wheel off-hand detection – Appearance/theft prevention Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Sports appearance kit – Electric spoiler – Automatic door opening and closing – Frameless design door – Magic induction door – Electric trunk ● Induction trunk ● Electric trunk position memory ● The tailgate glass opens independently. – Garage door remote control device – roof luggage rack ● Engine electronic anti-theft ● Central lock in car ● keyless start system ● Hidden electric door handle – Active closed air intake grille – Battery preheating ● External discharge – Vehicle wireless charging – Exterior lighting Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V LED daytime running lights ● Adaptive far and near light ● Automatic headlights ● Steering assist light ● Steering headlight – Headlight rain fog mode ● Headlight height is adjustable. ● Headlight cleaning device – Headlights are turned off with delay. ● Skylight/glass Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Sky skylight – Front/rear power windows Front ●/rear ● Anti-pinch function of window ● Rear windshield sunshade – Rear privacy glass ● Rear wiper ● Heatable water spray nozzle – Screen/system Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Rotating large screen ● Reversible central control screen – Central control LCD screen display – Bluetooth/car phone ● Gesture control – Face recognition – mobile TV – Rear row control multimedia – Intelligent configuration Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Internet of Vehicles ● OTA upgrade ● Wi-Fi hotspot – V2X communication – In-vehicle biological monitoring system – Active noise reduction – Simulated sound wave – Vehicle-mounted KTV – Steering wheel/interior rearview mirror Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Multifunction steering wheel ● Steering wheel shift – Steering wheel heating – Steering wheel memory ● Full LCD instrument panel ● HUD head-up digital display – AR-HUD augmented reality head-up display – Electric adjustable pedal – ETC device – In-vehicle charging Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V 220V/230V power supply ● Luggage compartment 12V power interface ● Seat configuration Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Sports style seat – Electric adjustment of main/passenger seat Main ●/Deputy ● Head and neck heating system – Adjustable button in the back row of the co-pilot seat – Electric adjustment of the second row seat – Liftable front and rear compartment partition – Fuzhi seat – Back table board – Second row of independent seats – Electric adjustment of the third row seat – Rear seat electric recline – Front/rear center armrest Front ●/rear ● Rear cup holder ● Audio/interior lighting Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Dolby Atmos – Touch reading lamp – Air conditioner/refrigerator Tang New Energy 2018 DM 2.0T Full-time Four-wheel Drive Zhilian Collar Type 7-seat Country V Heat pump air conditioning – Rear independent air conditioning ● Rear seat air outlet ● Temperature zone control ● car air purifier – In-vehicle PM2.5 filtering device ● negative ion generator – Interior fragrance device – Car refrigerator –

BYD Han EV new model official map released new color matching for shape／interior.

On September 27th, BYD officially released the official map of the new model of Han EV (parameter picture). The exterior interior of the new car has not been adjusted, but the aurora blue paint and the golden scale orange/condensed purple carbon fiber contrast interior have been added.

After the release of the new color scheme, the paint colors of BYD Han EV will be increased to five optional colors, namely Chi Di Red, Xuan Kong Black, Time Grey, Snow White and Aurora Blue.

In the interior, four color schemes have been added, namely, Sky Grey, Kirin Zongzi, Suzaku Red and the newly added Golden Scale Orange/Nightmare Purple Carbon Fiber.

Judging from the official map, the new aurora blue color matching belongs to two-color car paint, and the silver chrome-plated strip highlights the texture, which gives people a fashionable overall feeling.

In terms of interior decoration, the overall color tone is mainly golden scale orange, which is a little biased towards brown. The center console, gear handle and other areas are decorated with purple decorative strips, which gives people a more fashionable and profound feeling. Moreover, some areas are decorated with carbon fiber-style plaques, which effectively increases the sporty atmosphere.

In addition, the new car also supports the optional 5G Dana music cockpit upgrade package, with a price of 8000 yuan, including the newly upgraded DiLink4.0 car system and Dana audio system.

The previously launched Zhixiang upgrade package can also be installed at the time of ordering. The price of the upgrade package is 4,999 yuan. After the upgrade of the central control screen, a brand-new CPU will be adopted, and the performance will be improved by 103%, and it will be upgraded to 8GB of memory and 128GB of storage space, and the storage performance will be improved by 300%. The electric tailgate is designed with lock and electric suction, which supports intelligent anti-pinch function.

There is no adjustment in terms of price, and the whole system is still available in four configurations. The official guide price is 209,800-279,500 yuan.

In terms of power, the new car offers single-motor and dual-motor versions. The single-motor version has a maximum power of 222 HP, a peak torque of 330N·m, and an acceleration score of 7.9 seconds per 100 kilometers. The combined maximum power of the dual-motor version is 494 horsepower, the peak torque is 680N·m, and the acceleration score of 100 kilometers is 3.9 seconds.

In terms of battery life, the standard battery life version is equipped with a blade battery pack with a capacity of 64.8kWh, and the NEDC cruising range is 506km；; The rest of the models are equipped with 76.9kWh blade batteries, with a cruising range of 605km for the long battery life version and 550km for the high-performance version.

Fresh e-commerce has made new moves, live broadcast ＂bringing goods＂ and creating ＂explosions＂

　　Recently, fresh e-commerce has entered Xundian Hui and Yi Autonomous County, Kunming, Yunnan Province every day, and launched a mobile phone live broadcast in the fields through its social platform "Daily Good Goods", which not only allows consumers to see the whole process of farmers’ labor with their own eyes, but also helps farmers "bring goods" to promote income and prosperity and help rural revitalization. Statistics show that through live broadcast, 520,000 Jin of Yunnan Plateau Yacon was sold in three days on the daily good goods platform. Up to now, 2 million Jin of Yunnan Plateau Yacon has been sold, radiating 172 farmers.

　　Since its inception, short videos and live broadcasts have become powerful weapons to help the sales of agricultural products every day. Webcasts of Internet experts on major videos and social platforms not only promoted poverty alleviation products, but also excavated rich content resources behind the products, which quickly enhanced the visibility of poverty alleviation products.

　　The unique communication advantage of short video can realize decentralized communication, break the communication barrier between urban and rural areas, bridge the gap between urban and rural areas and reach more users. Especially in the 5G era, rational use of the resources and advantages of short videos and social e-commerce platforms can tap the digital productivity and creativity of rural users and bring new kinetic energy to the countryside.

　　At the beginning of 2019, the new retail field of video socialization was laid out every day, which successfully hatched the daily good goods of fresh e-commerce service providers all over the world, and the daily good goods were jointly broadcast with the video platform, providing professional e-commerce service system and valuable content for the live broadcast people. According to reports, the daily good goods adopt a discovery supply chain to reverse customize products according to users’ needs.

　　Up to now, Daily Good Goods has signed cooperation agreements with 2,000 talents of seven video platforms, including Tik Tok, Aauto Quicker and Volcano, to train talents and provide professional e-commerce service system; At the same time, we will establish a live broadcast base in the country’s fruit origin, and take online celebrity to "live broadcast" in the fields.

　　Short videos and live broadcasts have achieved remarkable results. In less than a year, Daily Good Goods has become the head brand of fresh products suppliers in Tik Tok and Kuaishou. Up to now, the daily turnover of good goods in Tik Tok has increased by 40% to 50% month-on-month, showing an explosive growth trend. For example, mango in Panzhihua, Sichuan, yacon and ginseng fruit in Yunnan are all cases of "explosion" of good goods every day. "Among the explosions of agricultural products in Tik Tok today, the top three are our products." Wang Zhe, the person in charge of Daily Good Goods, said that the growth and production scenes of many agricultural products are very strange to urban people, and this freshness and novelty is also an important reason why fresh products are sold on short video and live broadcast platforms.

　　In practice, Wang Zhe summed up a set of rules for doing fresh e-commerce with short video live broadcast. For example, "sales ability" is the core competitiveness of the platform’s live broadcast experts. Therefore, Daily Good Goods has discovered a group of sales talents and cultivated them into "fruit bloggers". "We either go to the country of origin or cooperate with big suppliers to ensure the scale of agricultural products, as well as the best quality and lowest price." Wang Zhe introduced. Daily Good Goods set up a small shop with the prefix "Daily Good Goods" on seven short video platforms, and bloggers with the ability to bring goods can choose products from the small shops with daily good goods for sale. If users open a shopping cart in Tik Tok, they can choose products from the "select alliance" when adding goods, in which the daily good goods play the role of goods provider. In the mode of cooperation, almost all good goods every day are delivered by one button, and bloggers only need to be responsible for "bringing goods" instead of worrying about logistics and after-sales.

　　"Bloggers don’t have to worry about contacting farmers or sellers to choose good products, logistics and after-sales, as well as accommodation and time arrangement at the place of origin, and even don’t have to worry about infrastructure such as local networks and shooting venues, because we have all built it." Wang Zhe said that this standardized service capability is also the advantage of the platform that Good Goods is building every day.

　　At present, there is still great potential in the fields of agricultural products and fresh food. On the one hand, compared with offline supermarkets or online timely distributors, the price of live e-commerce is lower; On the other hand, because users’ purchasing habits have not been fully cultivated, objectively, there is still an opportunity to switch from offline to online. Wang Zhe’s goal is very ambitious. He wants to build the daily good goods into a global fresh e-commerce service provider, and establish a national fresh e-commerce service network with people without me, people with me and people with me. (Reporter Zhou Mingyang)

The cost performance is very high, BYD Han DM is 9.3 fold nationwide, and it is expected that the price will fluctuate next month.

At present, the car ownership tends to be saturated, and the production capacity of the production line that was vigorously laid out in previous years cannot be digested in time, so the supply exceeds the demand. When the sales volume declines and the market is depressed, it will become a common phenomenon for merchants to fight price wars to win over customers, so it will be relatively cost-effective to buy a car this year. Let’s take a look at the national real transaction price of the hot-selling models collected by this website for everyone, so that everyone can understand the car purchase market. Let’s take a look at BYD Han DM recommended for everyone today!

This site collected the real transaction price of BYD Han DM in the past year. The lowest transaction price of BYD Han DM in the country in the past month was 235,300 yuan, the highest cash discount for new cars was 14,800 yuan, and the maximum discount for new cars reached 9.27 fold! The price is for reference only, and the actual transaction price is subject to the local dealer.

Choose a car to buy a car? The difficulty of choosing a good car is almost catching up with the college entrance examination to fill in the volunteers! But in fact, it is not difficult to choose a car. It really depends on the sales volume. What everyone likes can’t be worse. Byd Han DM sold 9,720 vehicles in the past month, which can be seen from the sales trend chart below that the new car is recognized by consumers in the market.

When we buy a car, we will pay attention to all aspects of this model in advance, especially the posts and word-of-mouth posted by car owners in major forums and vertical websites. Apart from the navy, there are still some car owners’ real car experience that is worth learning. Let’s take a look at BYD Han DM’s word-of-mouth score. The comprehensive score of BYD Han DM is 4.76, and the result is not bad, so BYD Han DM can be considered.

If you have seen the above, you still have doubts about whether BYD Han DM is worth buying, then you can also look at the performance of competing products of BYD Han DM. Among the following competing products, BYD Han EV sold the most last month, with 8717 vehicles, so there is always one for you.

If the price of BYD Han DM is suitable in the near future, then the friends will hurry! Linkage promotion in many places across the country, and there are even more discount models as low as 30%.

China’s new chip power is on the scene, and a ＂The Avengers＂ co-produced by China and Japan is needed？

As we all know, there is memory in all kinds of electronic devices, and the key component of memory is DRAM, which is called Dynamic Random Access Memory.

Memory is indispensable for mobile phones and computers, but our local DRAM enterprises are not developed enough, so they are very dependent on imports. The more popular mobile phones and computers are, the more they need to be imported.

Recently, however, there is another China player named Sheng Weixu on the DRAM chip track.

The New Force of DRAM Memory Chip in China

According to public information, Shengweixu was established in March 2022, invested by Shentou (Shenzhen Major Industrial Investment Group Co., Ltd.) and 100% indirectly controlled by Shenzhen State-owned Assets Supervision and Administration Commission. Its business includes research and development of new storage materials and structures, investment and construction of fabs, product design, manufacturing and sales.

Shengweixu’s registered capital is 5 billion yuan, which means that the chip industry is heavily invested. And this is still the first step. In the future, the funds needed for building a factory and putting it into production will have to be doubled.

The company’s main products are general-purpose DRAM chips for data centers, smart phones and other application scenarios, that is, memory chips. According to the report of TrendForce Jibang Consulting, the global total output value of DRAM in the first quarter of this year was as high as $24.03 billion.

At present, about 95% of the DRAM market is controlled by Samsung, SK Hynix and Micron. The next three places, Nanya, Winbond and PSMC, all came from Taiwan Province, China, with a combined share of less than 5%.

The combined share of the manufacturers ranked seventh and behind is only 1.2%.

Changxin Storage, the representative player of DRAM in China, is in this 1.2%. As a new player, Sheng Weixu should also start from here.

Avengers of "China-Japan Harmony"

On June 16th, Shengweixiu WeChat WeChat official account issued an announcement announcing that Yukio Sakamoto, a 75-year-old Japanese veteran and former president of Elpida, became the chief strategy officer.

Sakamoto Yukio’s identity and resume may arouse some people’s suspicion. But before that, Sakamoto Yukio served as senior vice president of Ziguang Group and CEO of Japan branch. At that time, an industry blogger pointed out that he chose to work for China enterprises, and the purpose was obviously to take revenge on Korean enterprises.

Sakamoto Yukio is considered to be a key figure in Japan’s storage industry. In order to save the declining local memory industry, the Ministry of International Trade and Industry of Japan led the establishment of Elpida Memory Company in 1999, which was formed by the merger of DRAM departments of NEC and Hitachi. Yukio Sakamoto became the president in 2002, and the company held nearly 20% of the DRAM market at its peak.

Sakamoto Yukio once boasted that Elpida, which invested heavily in research and development, could squeeze Samsung from the leading position in DRAM market.

It’s a pity that nature makes people. Because of the external conditions suppressed by the United States and squeezed by South Korea, Elpida was on the verge of desperation and sought cooperation with Micron to break the situation. Unexpectedly, steve appleton, then CEO of Micron, was killed in a plane crash. Elpida missed the key financing and had to file for bankruptcy, and was finally acquired by Micron for $2.5 billion.

Therefore, the chip industry between China and Japan still has something in common when it is suppressed by the external environment. As we all know, Huawei’s chip supply is blocked because of US sanctions. There is also Fujian Jinhua, which produces DRAM memory chips. It was included in the "entity list" by the United States earlier than Huawei, and now it has been much lower-key.

This wave is really the avenger of "China and Japan in tune".

Yukio Sakamoto, who joined Sheng Weixu, also said that this will be his last job in his life, and he will go all out to contribute his strength and help Sheng Weixu achieve its strategic goals.

sparks of fire

The entry of Sheng Weixu has brought new strength to China’s memory industry, and the next step is to accumulate industry talents and technology patents. In this regard, almost all the three storage companies started with cooperation, and then acquired and independently developed. For example, the technical foundation of Changxin Storage came from the cooperation with Qi Mengda.

Of course, we also need to realize that Sheng Weixu, as a new player, is still far from the world-leading goal. Referring to Chang Xin, an advanced representative of domestic DRAM, its 19nm DDR4 memory has been shipped one after another, and the 17nm DDR5 memory chip is planned to be put into production this year. International manufacturers led by Samsung have mass-produced 14nm DDR5 memory, and are gradually advancing the more advanced 1β process, which is about four generations ahead of Changxin.

It is always good that our chips can be more self-sufficient. But before that, new players still need to walk step by step in research and development, production and shipment.

Chinese Express’s first domestic mass production L4 fully independent parking service successfully landed and put into trial production.

　　Economic Daily-China Economic Net September 14th Recently, Chinese Express announced that the L4 fully autonomous parking service system (AVP) has been developed in Shanghai, and it has been tested and put into trial production on the high-tech HIX production vehicle. This is also the first domestic L4 fully autonomous parking service system based on vehicle-road coordination on mass-produced electric vehicles, which indicates that the research and development of intelligent electric vehicles in China is in a leading position in the world in the advanced technology field of autonomous driving. Ding Lei, Chairman of the Board of Directors, said that Chinese Express always starts from the dimension of users’ travel, stands at the forefront of autonomous driving, takes users’ safety as the premise, comprehensively improves the overall efficiency of traffic travel, and truly promotes the mass production application of autonomous driving and vehicle-road coordination technology in a wider range.

　　AVP(Automated Valet Parking) is an L4 high-order automatic driving system based on vehicle-road cooperative development. Roadside sensing devices such as laser radar and communication and calculation devices are pre-built in the parking area to realize the identification and tracking of vehicle position and surrounding obstacles, and the dispatching information, vehicle positioning, obstacles and other information are sent to the vehicle through the cooperation of 5G vehicles, and the vehicle automatically drives into the parking space. The owner got off at the parking area, and the vehicle drove into the parking lot and parked in the parking space. The vehicle can also be started through the APP, automatically driving out of the parking space and driving to the location specified by the user.

　　AVP can overcome the difficulties that bicycle intelligence is difficult to solve, such as no GPS positioning signal in the parking lot, too many turning shades, and large sensor blind area, so that HIX has the most reliable fully autonomous parking function at present. It is reported that HiPhi X, the first intelligent electric vehicle owned by Chinese Express, which will be listed at Beijing Auto Show, will be equipped with this technology, and it will become the first intelligent electric vehicle in China to realize L4 autonomous parking in mass production, creating a new era for the development of intelligent electric vehicles in China.

　　In addition to AVP, the HiPhi X autopilot system equipped with HiPhi Pilot is the only dual redundancy system equipped according to the principle of aircraft safety design. The vehicle can start, stop, turn and walk in the full speed range of 0-130km/h, so that the feet can be separated, the hands can be put down and the eyes can be moved; Through the joint action of 24 sensors (including intelligent forward-looking camera, panoramic camera, millimeter-wave radar, ultrasonic radar, DMS camera for driver status detection, etc.) and high-precision maps, the L3-level automatic driving level of bicycles is realized, and it is also the first mass-produced vehicle in China to reach L3-level at present.

　　In 2019, Chinese Express opened the world’s first intelligent road for coordinated autonomous driving in Yancheng, Jiangsu Province, and opened the "Smart City" demonstration project for the integration of 5G roads and cities in Zhangjiang Artificial Intelligence Island. The realization of autonomous parking service is another successful landing and application of roadside perception, cloud scheduling and vehicle control put forward by Chinese Express in the field of automatic driving based on the "three intelligences" strategy of smart cars, smart transportation and smart cities, and it will be extended to smart travel fields such as smart parking lots and smart highways in the future.

Who is tomoji？ Where did you come from and where did you go？

After attending the Zhiji auto conference, I posted some pictures of new cars on social media and immediately received a user comment: "Buying a car these days is the same as buying a mobile phone." What this user actually means is that the current car is updated quickly and dazzled.

Through this topic, we go deep into the perspective of industry. What is happening in the automobile industry is also very similar to the development path of smart phones. In addition to the historic event that Apple defeated Europeans, China’s mobile phone industry has also become the most important pole in the world, and its brand image and core technology have made rapid progress. Huawei even made its own various core chips. Today, it used to be considered as an insurmountable operating system, and Huawei also used the HarmonyOS operating system to announce that we had turned over this mountain.

Under the background that cars are becoming smarter and more electrified, the whole industry is similar to the smart phone industry in the past, but the wheelbase of time is not long enough. Maybe looking back 10 years later, this feeling will be more profound.

Let’s focus on the present. The number of new automobile brands in China is unique in the world, and those traditional automobile manufacturers are also trying to build higher-end new brands, polish more eye-catching new products and start the horn of having more core technologies through this historic opportunity of change. Last month’s case was Dongfeng Motor, which launched Lantu, and this month’s case was SAIC, which pushed Zhiji to the stage.

Who is tomoji?

Strictly speaking, Zhiji is not unique to SAIC, but a new brand jointly created by SAIC, Alibaba and Zhangjiang Hi-Tech. As a newly established brand, you may still be unfamiliar with it.

Zhiji, which reads "self". Why take such a name? According to the official, Zhiji is taken from The Book of Changes, "Knowing everything is around, but Dao Ji is under the world", aiming at understanding everything with wisdom, diligently exploring, defining, creating and realizing the smart travel driven by the times and needed by users.

We can simply understand that intelligence represents intelligence; Represent oneself, alsonamelyUsers.If you read their introductions in the official media of Zhiji, you will definitely see what cars should look like in the intelligent age."This sentence.In addition to the three major shareholders, 4.9% of Zhiji’s shares will be built into a user rights platform.Therefore, Zhiji is a condensation of the two visions expressed by this brand.

Zhiji’s English brand name is "IM", which is the same as the Chinese name. Besides, purely for fun, the name IM is attractive, at least it will make people think of the iPhone.

The user rights platform is heavy enough, so it goes without saying what users participate in product design.

Where is the intelligence?

Is Zhiji really smart? Zhiji’s speed is fast enough. On the 13th, Zhiji has released two new cars, a car and an SUV, all of which have not been officially named, and they have no names when they are unveiled. Presumably, the naming of new cars that are still brewing inside must also have strong characteristics. Cars will be accepted during the Shanghai Auto Show in April, listed at the end of the year, and delivered to users in 2022. The progress of SUV is a little late, but it will also be listed in 2022.

Through specific models, let’s look at the intelligence of Zhiji.

Zhiji’s car is equipped with intelligent lighting system, which is composed of 2.6 million pixels DLP and 5,000 LED ISC, and can realize V2X driving fusion interaction and intelligent lighting expression. Specific functions, first, smart lighting navigation; Combined with high-precision map and navigation road planning, the next route can be guided by changing lights.

The second is Spot light pedestrian reminder; The infrared and visual fusion perception system of the whole vehicle is integrated to help pedestrians predict traffic risks in advance, for example, the number of seconds of traffic lights can be displayed on the lights. Third, the width-indicating optical blanket guidance; It means that the new car can recognize the road narrowing condition, automatically trigger the width-indicating light carpet in advance, and can automatically adapt to the lane line to draw the light carpet.

Fourth, the wisdom light moves with the eyes; Tracking the eyeball orientation through the camera in the car, and controlling the direction in which the headlights illuminate the driver. In addition, the smart lighting system supports flexible and personalized OTA, allowing users to design freely and enhance interest.

Zhiji’s car is equipped with an image sensor with 150 million pixels as a whole, which supports 180 distortion-free ultra-wide-angle, 4K high-definition video shooting, super night scene, high dynamic range, time-lapse photography, slow-motion photography and other modes. Videos can be edited and shared to social media with one click, and can be connected to major live broadcast platforms to broadcast live from the first perspective, and professional photography templates are provided.

This system is called Carlog, and it is extremely fresh. In the future, Kaizhiji’s car can easily record the picturesque scenery and cultural stories passing by and share them conveniently.

The eye-catching 39-inch huge display screen in the car can be intelligently lifted and lowered according to the usage scene, and there is also a 12.8-inch 2K AMOLED curved central screen on the lower side; Inside the screen is Zhiji’s IMOS system.

With the screen group full of science and technology, IMOS system has three characteristics, which are flowing, moist and pure. These three elegant words refer to multi-screen display respectively; Based on the weather, time, road conditions, and even based on the user’s mood, users are recommended in different scenarios; Only some necessary intuitive information is presented when driving. Sounds good? At least it aroused our strong curiosity and looked forward to the real experience.

From now on, charging will be intelligent. Zhiji’s car will be equipped with 11 kW high-power wireless charging for the first time in the world. It is said that the charging efficiency is almost the same as that of traditional charging, and it can charge 10.5 kWh in one hour, which is equivalent to 70-80 kilometers of battery life according to NEDC working conditions.

These intelligent abilities are relatively innovative. Then, to what extent has Zhizhi achieved the intelligence in the automatic driving ability that the industry is competing for at present?

The first model, namely the car, will be equipped with the NVIDIA Xavier computing platform with a computing power of 30-60TOPS, and the integrated sensing solution of 15 high-definition visual cameras, 5 millimeter-wave radars and 12 ultrasonic radars, as well as the algorithm developed based on the characteristic road conditions and driving habits in China, will form the whole system of automatic driving.

From the hardware point of view, the ability of this system is in the first-class level at present. However, the new car will be delivered in 2022, when Weilai ET7 with stronger book strength will also be delivered.

Zhiji has also considered a more radical scheme to provide new cars with upgrade redundancy in a compatible way. At present, it is not clear whether the redundant system can be installed after installation or introduced in the form of a modified model.

The key upgrades of this redundant system are lidar and NVIDIA Orin X chip. It is exaggerated that the number of lidar will reach three; NVIDIA Orin X chip and weilai ET7 use the same model, and the computing power will soar to 500-1000+TOPS.

As for the time point, the official said that the lidar will enter the mature stage of commercial mass production, and Zhiji Automobile will be upgraded immediately. Considering that Weilai plans to deliver ET7 equipped with lidar to users in 2022, Zhiji’s speed should not be too late.

As for the specific actual experience, the news given by Zhiji be The functions of the automatic driving system include memorizing parking and calling cars, automatically parking service and calling cars, traffic light recognition, automatic crossing, traffic jam prevention, automatic obstacle avoidance, automatic lane change, overtaking, getting on and off ramps according to the navigation path, and rear-end collision alarm.With the permission of national laws and regulations and the opening of high-precision maps, by the end of 2021, wisdomone’s ownThe car will have the ability to take over the automatic driving from point to point.

Zhiji focuses on automatic parking service and wake-up car. This function allows users to get off the bus and let the vehicle automatically parking service through the mobile APP; When picking up the car, the car will automatically park out of the parking space and drive to the designated location to facilitate the user to get on the bus. By the end of 2021, the functions of automatic parking service and calling cars will be applied in certain commercial centers in first-tier cities.

In 2022, it will gradually expand to specific supermarkets in first-tier and new first-tier cities. This function is quite beautiful when you think about it. After a year, the new car is delivered and you can drive Zhiji’s car to a specific shopping mall, so you can save the trouble of finding a parking space. I have to say, the development of technology is really fast. Of course, the premise is that Zhizhi can accomplish his goal on time.

In addition, the actual experience of the autopilot system, we have to wait until 2022 to get the answer, that is, it is not really that smart.

How is the performance?

Intelligence must be the most important ability of future cars, not power and endurance. Power and endurance in the future, everyone should do the same. Therefore, it is rational for Zhiji to focus on intelligence. Having said that, the new car released by Zhiji is also excellent in terms of power and endurance.

The new car is equipped with front and rear dual motors, and the rear axle motor is the main driving source. The total maximum power is 400 kW, and the torque is 700 Nm, which is slightly less than that of Weilai ET7, but the acceleration time of 100 kilometers is consistent with it, only 3.9 seconds.

Standard 93 kWh battery pack, with 115 kWh battery pack; Although the semi-solid battery technology adopted by Weilai ET7 battery pack is not adopted, it is also the first in the world to use silicon-doped lithium-supplementing technology, which realizes the ultra-high energy density of 300 watt-hours/kg, and can support Zhiji’s car to reach the battery life of nearly 1000 kilometers.

You don’t have to worry about the ability of the chassis. The new car is equipped with an all-aluminum chassis with a front double wishbone and a rear five-bar suspension, a brake-by-wire system, an AKC rear wheel steering system by wire, and a CDC intelligent electronic control suspension system, and the key adjustment is the responsibility of Williams professional chassis adjustment team from one of the three F1 teams.

It can be said that Zhiji represents the peak of SAIC’s strength.

Can the future be expected?

The emergence of intellectual self is aptly described by being in the right place at the right time. Tianshi refers to the intelligent and electrified industrial transformation, which represents the opportunity to change lanes and overtake into the high-end market; In addition, after years of development, the industry has reached a critical point of technological leap, and the infrastructure construction is also improving day by day. It seems that Zhiji’s admission is late, but it just happened to catch up with the good opportunity.

SAIC’s own brand has gained sufficient technical foundation and experience in various aspects through its development in the low-end market in the past, and SAIC itself is also quite rich, which is the geographical advantage of Zhizhi itself. People and better understanding, the background and resources that Alibaba and Zhangjiang Hi-Tech can bring need not be said.

When I came out of Zhiji’s release venue, Shanghai Tower, the tallest building in China, and looked up at this 632-meter symbol of China’s economic take-off, I couldn’t help feeling again that, like the smart phone industry, China will surely make breakthrough progress in the future of the automobile industry and become the most important pole in the world.

And the new intellectual will witness this process; And what is its own fate? After reading our introduction, what do you think of it?

—END—

millet

Xiaomi Group (HKEx stock code: 1810) is a large-scale mobile Internet enterprise in China, which is engaged in the research and development of intelligent hardware and electronic products and the ecological construction of smart homes. It was established on April 6, 2010 and is headquartered in Beijing, China. Xiaomi Company was founded by Lei Jun, with seven founders, namely founder, chairman and CEO Lei Jun, co-founder President Lin Bin, co-founder and vice presidents Li Wanqiang, Zhou Guangping, KK Wong, Liu De and Hong Feng.By 2019, the number of employees in Xiaomi Group was nearly 18,200., and do business in markets in more than 90 countries and regions around the world.

On July 9, 2018, Xiaomi was listed on the main board of the Hong Kong Stock Exchange in the name of "Xiaomi Group", becoming the first listed company to adopt different voting rights structure after the listing system reform of the Hong Kong Stock Exchange. Xiaomi is also the fourth mobile phone company with self-research capability of mobile phone chips after Apple, Samsung and Huawei.

Through its eco-chain brand MIJIA and its sub-brands Redmi (Redmi) and POCO, Xiaomi’s product line has expanded from mobile phone peripheral products such as smart phones and headphones, mobile power supplies and related mobile intelligent hardware such as speakers and bracelets to home consumer products such as smart TVs, set-top boxes, routers, air purifiers and rice cookers.

Xiaomi has built the world’s largest consumer IoT platform, connecting more than 252 million smart devices (excluding smartphones and personal computers), and the monthly active users of MIUI reached 309.6 million. Xiaomi has invested in nearly 400 companies, covering intelligent hardware, consumer goods, education, games, social networks, culture and entertainment, medical and health care, automobile transportation, finance and other fields.

Since 2019, Xiaomi has been selected into the list of the world’s top 500 and the "Top 100 Most Valuable BrandZ in the World". In 2019, Xiaomi was selected into the world’s top 500 for the first time, ranking 468.^[16], ranked 422nd in 2020. In August 2019, Xiaomi ranked 15th among the Top 100 Internet Enterprises in China in 2019 released by internet society of china and the Information Center of the Ministry of Industry and Information Technology. In October 2019, Forbes ranked 56th in the 2019 Forbes Global Top 100 Digital Economy List released by Forbes. Ranked 7 th in the 2019 Fortune Top 50 list.

On April 9, 2010, Xiaomi Technology was formally established in Beijing.

In August and December of 2010, Xiaomi released MIUI, a third-party firmware based on deep customization of Android system, and Mi Chat, the first mobile application.

On August 16th, 2011, Xiaomi officially launched its first hardware product-Xiaomi mobile phone (the first generation), which created a sales model of snapping up smart phones with high configuration and low price on the Internet.

In 2012, Xiaomi wholly bought Beijing Duoyue Technology Co., Ltd. and entered the field of e-book reading. Reading more is its website, and there is a corresponding App. On November 18, 2019, Xiaomi released its first electronic paper book hardware product-Xiaomi read more electronic paper books.

In July 2013, the red rice mobile phone, which is an independent product of the youth version of Xiaomi mobile phone, was officially released, and the Xiaomi brand mobile phone officially launched the dual product line strategy. After a lapse of five and a half years, on January 2, 2019, Redmi’s product line was upgraded to a sub-brand of Redmi, and Lu Weibing, former president of Gionee Group, served as the general manager of Redmi brand.

On February 28th, 2017, Xiaomi released its first self-developed system chip, 澎湃 S1, becoming the fourth smartphone manufacturer to independently develop system chips after Samsung, Apple and Huawei.

On May 3, 2018, Xiaomi officially submitted an IPO application to the Hong Kong Stock Exchange in the name of "Xiaomi Group". On July 9, 2018, it was listed on the same stock with different rights, and it is planned to be included in the Hang Seng Composite Index on July 23.

On November 19, 2018, Meitu Company and Xiaomi Group announced a strategic partnership with a term of 30 years.

On May 9, 2019, Xiaomi Group and Shangcheng Group announced that their joint venture company Insight Fintech HK was granted a virtual banking license by the Hong Kong Monetary Authority. Among them, Xiaomi holds 90% of the shares and Shangcheng holds 10%.

On July 10, 2019, Lei Jun, founder, chairman and CEO of Xiaomi, said in Weibo that the new headquarters of Xiaomi Group in Beijing was officially completed on July 9, 2019 and the opening ceremony was held.^[25]. The new headquarters of Xiaomi Group was named Xiaomi Science Park, which consists of 8 office buildings with a construction area of 340,000 square meters and a total cost of 5.2 billion RMB.

On July 23, 2019, Lei Jun sent an internal letter to Xiaomi employees, referring to the fact that the company was listed in Fortune Global 500 companies, ranking 468 in the world, and became the youngest Fortune Global 500 company in history (except for the merger).

On October 27, 2019, Xiaomi Group announced that Lin Bin was appointed as the vice chairman and will continue to serve as the operation director and president, responsible for managing the company’s mobile phone R&D department; Zhou was appointed as an operation director and will continue to serve as senior vice president and chief financial officer; Liu Qin was appointed as a member of the Audit Committee; Lu Weibing is the president of Xiaomi Group in China and continues to be the general manager of Redmi.

On May 21st, 2020, Xiaomi Group announced that it would acquire 49.91% equity of Zimi International Corporation.

On November 2, 2020, less than 20 minutes after the launch of Xiaomi Group’s comprehensive offline "Smart Life" activity, the payment amount of Xiaomi double 11 has exceeded RMB 1 billion.

On November 5, 2020, Lei Jun, Chairman and Chief Operating Officer of Xiaomi Group, said at the Xiaomi Developer Conference that the company would gradually increase its R&D investment and hire 5,000 more engineers next year, covering ten key areas, including camera imaging technology, fast charging, and 5G and 6G communication standard technologies.^[30]

On December 11th, 2020, Xiaomi Group is applying for a number of trademarks of Lei Jun with the pinyin of "Lei Jun", covering metal materials, means of transport, musical instruments, jewelry and clocks, etc.

On the morning of January 4, 2021, Xiaomi Group’s Hong Kong stocks hit a record high at the beginning of the session, rising by 3.464% to HK$ 34.35 at 11:03 am, with a total market value of HK$ 865.132 billion. At this point, Xiaomi’s share price has doubled compared with the issue price of HK$ 17, fulfilling the listing promise.

Xiaomi has maintained a high growth rate since its establishment. Xiaomi Company sold 7.19 million mobile phones in 2012, 18.7 million in 2013, 61.12 million in 2014, over 70 million in 2015, 23.16 million in Q2 2017 and 92.4 million in 2017. More than 120 million mobile phones were sold in 2018, and 125 million mobile phones were sold in 2019. According to market share, it has been ranked fourth in the world since 2018.^[34], is the latest among the major mobile phone manufacturers in the world.

In 2019, Xiaomi sold 10.21 million TV sets in Chinese mainland, ranking first in Chinese mainland market.

According to Xiaomi’s 2018 annual report, Xiaomi recorded a revenue of RMB 174.9 billion in 2018, a year-on-year increase of 52.6%. Adjusted net profit increased by 59.5% year-on-year to RMB 8.6 billion. According to the statistics of IDC Consulting (Beijing) Co., Ltd. ("IDC"), smartphone shipments ranked fourth in the world during the reporting period. The number of IoT devices (excluding smart phones and laptops) connected to the IoT platform reached about 150.9 million, up 193.2% year-on-year, consolidating the market leading position. As of December 31, 2018, the number of smart devices equipped with artificial intelligence assistant "Little Love Classmate" and activated exceeded 100 million, and the monthly active users as of December 2018 exceeded 38.8 million. The Internet service division increased by 61.2% year-on-year, and contributed 16 billion yuan in revenue.^[35]

According to Xiaomi’s 2019 annual report, in 2019, the total revenue of Xiaomi Group reached RMB 205.8 billion, a year-on-year increase of 17.7%; The adjusted net profit reached RMB 11.5 billion, a year-on-year increase of 34.8%. In the fourth quarter of 2019, the total revenue reached RMB 56.5 billion, a year-on-year increase of 27.1%, and the adjusted net profit reached RMB 2.3 billion, a year-on-year increase of 26.5%. According to Canalys data, in the fourth quarter of 2019, Xiaomi ranked first in the year-on-year growth rate of shipments among the top five smartphone manufacturers in the world. In December 2019, the number of monthly active users of MIUI reached 309.6 million, a year-on-year increase of 27.9%. As of December 31, 2019, the number of connected IoT devices (excluding smartphones and laptops) of Xiaomi reached 234.8 million, a year-on-year increase of 55.6%. The number of monthly users of artificial intelligence assistant "Little Love Classmate" reached 60.4 million in December 2019, a year-on-year increase of 55.7%. The annual revenue from overseas markets was RMB 91.2 billion, up 30.4% year-on-year, accounting for 44.3% of the total revenue. As of December 31, 2019, Xiaomi’s products have been sold to more than 90 countries and regions around the world. According to Canalys, in 2019, Xiaomi’s smartphone shipments in 45 countries and regions ranked in the top five. In 2019, R&D investment reached RMB 7.5 billion, a year-on-year increase of 29.7%. As of December 31, 2019,Xiaomi’s total cash reserve is about RMB 66 billion.

Xiaokang shares were investigated by 87 institutions： only about 8,000 SF5s were delivered in 2021, and the reason for the small delivery was mainly due to chip problems (with survey questions and ans

　　() The Record Form of Investor Relations Activities was released on January 8th, and the company was investigated by 87 institutions on January 7th, 2022. The types of institutions are QFII, insurance companies, others, fund companies, overseas institutions, securities companies and Sunshine private equity institutions.

　　The main contents of investor relations activities are introduced:

　　First, introduce the company’s situation. Xiaokang and Huawei create a new model of deep cross-border cooperation in joint business. On April 19th, 2021, we started a mobile phone shop to buy cars. On December 23rd, Huawei released a new mobile phone and our new car at the same time, which was the first time that two smart terminals, a mobile phone and a car, were released at the same conference. The conference was a great success. It cooperated with Huawei and has a strong online digital marketing channel, especially in the core business district, which has a large number of offline store resources and is convenient for users to reach. We pursue quality delivery, adopt experiential marketing, and adopt a new sales model based on our vast offline store resources, which has a good response and strong customer purchase intention. We think this new sales model is the development trend of intelligent electric vehicles.

　　Second, explain the company’s current hot topic in the market (1) Xiaokang initiated a new model of joint cross-border cooperation.

　　On the question of whether Xiaokang is a foundry, we made it clear that we didn’t do it before and now, let alone a foundry. Eighteen years ago, before we entered the automobile industry, the cooperation with Dongfeng Group realized the first successful cross-border of Xiaokang shares, and Xiaokang shares did not work as a foundry. According to the strategic agreement, joint business cooperation agreement and related agreements signed by us and Huawei, we and Huawei are long-term partners. From R&D to manufacturing to delivery of automobile business, the company is responsible for R&D, manufacturing, delivery, service and creating user experience in the whole life cycle; Huawei is deeply involved in product definition, quality control and channel sales.

　　The cross-border cooperation between Xiaokang and Huawei is deeply successful. The teams of the two sides have worked hard day and night and invested huge manpower and resources. Now and in the future, there is no reason for the two sides not to cooperate.

　　(2) Regarding whether SF5 is discontinued:

　　SF5 and Wujie M5 are both models of Celestial Company, and the company will continue to introduce new models to meet the needs of more users. As far as the company is concerned, we will not take the initiative to stop production. As long as users have demand, we will produce and deliver it. That’s the case with SF5. We will not take the initiative to stop production. The price of SF5 and Wujie M5 are different, so users can choose. We give the choice to users! Orders will be produced, delivered and served, and Cyrus will serve every car and every new and old user! Whether SF5 or M5, we will achieve high-quality delivery.

　　(III) Question and answer session of investors

　　Q: A new model of cooperation between Huawei and Xiaokang emerged at the end of the 21st century. Can you introduce the cooperation model in detail and how to learn from each other’s strengths?

　　A: The cooperation with Huawei is cross-industry cooperation. Huawei Terminal Company is well aware of customer needs. As a mature vehicle enterprise, Xiaokang has experience in automobile research and development, manufacturing, sales and service. The cooperation between the two parties has created a precedent in the industry and produced a lot of valuable experience. This model is also the development trend and future of the smart electric vehicle industry, and it has also achieved some success. Before Xiaokang was engaged in automobile and () cooperation, Xiaokang shares crossed the border into the field of micro-cars. Since we entered this industry in 2003, there were many friends, and now there are only three enterprises left in that year: Wuling, Changan and Xiaokang. This shows that we have experience in cooperation with other enterprises, and we also have a successful experience base. Xiaokang is a modern private enterprise with high efficiency. The cooperation with Huawei over the past year has also proved the success of an efficient and standardized private enterprise mechanism. We launched a new model in March last year, and everyone saw our M5 debut in December last year. I believe that the effect of cross-border cooperation will begin to be reflected in the first quarter of this year, and batch delivery will begin in March this year. We are very confident about the sales data in the second and fourth quarters.

　　The monthly sales target of the new energy automobile industry is over 10,000 yuan. We think this is the threshold sales volume of new energy vehicles in 2022, which is our goal, and the threshold sales volume will be higher in the future. At present, it usually takes a certain time for the sales of high-end electric vehicles to climb. We have full confidence and confidence in our products and channels, and hope to achieve the sales scale achieved by others in five or six years within two years.

　　Q: The delivery volume of SF5 last year was less than the market expectation. What did the company think?

　　A: Only about 8,000 SF5s were delivered in 2021, and the reason for the small delivery was mainly due to chip problems. The chip will affect our delivery mainly because our owner of SF5 is developed in the United States, so he uses more American electronic materials, which has been greatly affected.

　　Q: Can you tell us about the follow-up vehicle planning?

　　A: We have now launched the M5, and it is expected that a new large SUV will be launched at the end of the second quarter or the beginning of the third quarter in the middle of the year. I’ve been driving the M5 myself for some time, and I’m confident that it’s a car that can’t be separated once I get started. We are also developing a new large-size SUV, which will be released in 2023.

　　Q: What is the pace of the subsequent launch of pure electric vehicles?

　　A: There will be pure electric vehicles coming out this year. Because in 23 years, Shanghai’s extended journey can’t get a green card. Considering these market demands, we will have a pure electric version of M5.

　　Q: When will the M5 be officially delivered? What is the output scale?

　　A: There will be small batch delivery in February, and batch delivery will start in March. Wenjie M5 is mainly produced in Liangjiang Factory in Chongqing, which can produce 30 sets per hour, and its automation efficiency is still very high. This factory can produce 15,000 units a month. The models in the second half of the year will be produced in another factory in Chongqing, which will not affect the production capacity of M5.

　　Q: Will Huawei cooperate with other car companies?

　　A: Although it’s not up to us to decide who Huawei will cooperate with, our cooperation is already deep. As mentioned earlier, Xiaokang Co., Ltd. is a modern private enterprise, and its efficient and flexible mechanism is our advantage, so it is difficult for other manufacturers to reproduce it in a short time. Our cooperation is our common choice.

　　Q: Why is Huawei’s self-driving system not reflected in the M5? Will it be reflected in subsequent models?

　　A: Huawei’s autopilot is different from Tesla’s autopilot. Huawei’s auto-driving is vehicle-road coordination, which requires vehicle-road coordination. Without road coordination, the auto-driving of the car cannot be played out. Tesla’s auto-driving is self-adaptive auto-driving, and the road is only an aid. The contents of China’s road regulations on autonomous driving are still under study, and we also hope that China’s roads will be opened to autonomous driving as soon as possible. Auto-driving vehicle-road coordination is not only to ensure that my car does not hit the wall, but also to ensure that other people’s cars do not hit me. This high-order auto-driving technology of vehicle-road coordination is very advanced and needs time data verification. Our follow-up models will definitely have Huawei’s advanced autonomous driving.

　　Q: What do you think of the present integrated die casting technology? Will you consider using integrated die casting technology for any vehicle model in the future? Is there a die casting factory or die casting machine factory in communication?

　　A: It is expected that from the end of this year to the first half of next year, we will realize integrated die-casting body. Now it has entered the stage of comprehensive research and development. This technology will reduce the weight of the car body and increase the output. Because at present, the front section and the rear section are provided for welding, the technology will be integrated aluminum alloy die casting, which will greatly improve the production efficiency;

　　Chongqing Xiaokang Industrial Group Co., Ltd. is a manufacturing enterprise integrating R&D, manufacturing, sales and service of passenger cars, commercial vehicles, powertrains and other automobile parts. The company currently has complete vehicle brands such as SERES, Dongfeng Scenery, Dongfeng Xiaokang, DFSK, Ruichi, etc. The main product pedigree includes SUV, MPV, mini-car and core parts. Among them, the whole vehicle products cover intelligent electric vehicles and fuel vehicles, and the core components include powertrain and three electric products with displacement from 1.5t to 2.0t..

　　Details of participating institutions are as follows:

Name of participating unit Category of participating units Name of participants Wanjia fund Fund company — CITIC Prudential Fund Fund company — Industrial fund Fund company — Chuang Jin he Xin Fund company — Huaxia fund Fund company — China Resources Yuanda Fund Fund company — Harvest fund Fund company — China Life Security Fund Fund company — Yuanxin Yongfeng Fund Fund company — Yuancheng fund Fund company — da cheng fund management co.,ltd Fund company — Anxin fund Fund company — Rich country fund Fund company — ICBC Credit Suisse Fund Fund company — Guangfa fund Fund company — Investment promotion fund Fund company — Morgan Stanley Huaxin Fund Fund company — Jing Shun Great Wall Fund Fund company — Yongying fund Fund company — HSBC Jintrust Fund Fund company — Huian fund Fund company — Hongde fund Fund company — Puyin AXA Fund Fund company — Chengtong fund Fund company — Jinyuan Shun ‘an Fund Fund company — Xinyuan fund Fund company — Changsheng fund Fund company — Citic jiantou securities securities company — CITICS securities company — BOC International Securities securities company — Everbright securities securities company — Huachuang proprietary securities company — Huatai Securities securities company — Bohai securities securities company — Western securities securities company — Caitong securities securities company — Tongben investment Sunshine private placement organization — Jianxin fund Sunshine private placement organization — De Rui heng feng Sunshine private placement organization — Yitong investment Sunshine private placement organization — Xiniu investment Sunshine private placement organization — Ruipu investment Sunshine private placement organization — Guanfu assets Sunshine private placement organization — Qingli investment Sunshine private placement organization — Gaoyi assets Sunshine private placement organization — Hongdao investment Sunshine private placement organization — China People’s Life Insurance insurance company — Chinese people’s insurance insurance company — Agricultural bank of China life insurance insurance company — Guotai property insurance insurance company — Allianz insurance assets insurance company — Xinhua endowment insurance insurance company — Xinhua assets insurance company — Taikang assets insurance company — Yingda insurance assets insurance company — Sunshine assets insurance company — Anatole Investment Management Limited overseas establishment — Green Court Capital overseas establishment — Citic jiantou international overseas establishment — Aia insurance overseas establishment — Hanya investment QFII — Wanna assets other — Dongfang jiafu other — Zhongmin investment Ben other — Zhongrong International Trust other — Agricultural bank wealth management other — Dajia assets other — Ningquan assets other — Ningyin wealth management other — Yudi investment other — Cigna other — Zhaoyin international other — Zhengxingu investment other — Fengjing capital other — Haidingyuan — — Chengjin asset management other — Panjing investment other — Sheng quan heng yuan other — Guandao assets other — Heqi investment other — Honghua investment other — Juming investment other — Jinyu investment other — Yinye investment other — Ruitian investment other — Sunshine Tianhong assets other — Hongshang capital other —

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