CCTV News:From April 11th, Guangdong ushered in the longest and strongest heavy rainfall process since the flood season.

　　　　　　 The reporter learned from the Shenzhen Emergency Management Bureau that at present, five people have died and six people have lost contact due to the flood caused by the rainstorm in Shenzhen. Among them, four river construction workers in Futian District were washed away, and emergency rescue was started immediately after receiving the report. At around 23 o’clock last night, a worker who was washed away was rescued at the Fengtang estuary sluice and sent to the hospital for treatment. His mental state and physical condition were generally good. As of 8: 15 this morning, rescuers found a body in the river. The reporter learned at the press conference in Futian District at 10: 00 am that the identity of the victim has been verified as a previously lost worker. At present, there are still two workers who have lost contact and the rescue continues. In addition, seven people were washed away at the construction site of the West Lake Hotel in Luohu District, and four people were rescued after rescue, one died and two people lost contact; Five people were washed away at the construction site of the East Lake Park section, and three people were confirmed dead and two people lost contact.

　　　　　　 Yesterday (April 11th) at 8 o’clock in the evening, strong convective weather affected Shenzhen. The Shenzhen Meteorological Observatory issued rainstorm yellow, gale yellow and lightning warning signals. At the same time, it also issued the fifth hail warning in the history of Shenzhen. Hail started in Baoan District and Guangming District, and there were short-term rainstorms in many areas.

　　　　　　 Since 9 o’clock last night, heavy rains have also suddenly fallen in Futian, Luohu and other areas in Shenzhen. Water accumulated in several sections for a short time, and the deepest part was about 30 mm. Many cars on the road chose to stop driving and dared not wade through. Until 10: 15 pm, the yellow warning of hail in Shenzhen was cancelled; At 11: 15, rainstorm yellow and gale yellow were also cancelled at the same time, and the strong convective weather ended. Shenzhen Sanfang Office said that relevant emergency plans have been started since 8: 00 last night.

　　　　　　 From the day of April 11th, Qingyuan in northern Guangdong took the lead in heavy rainfall. In the afternoon, there were strong convective weather processes from west to east in all parts of the Pearl River Delta. "Guangdong Weather" official Weibo issued hail, strong wind and lightning weather in northern Guangzhou, and Zengcheng District issued an orange warning of hail and a Class II emergency response to strong convection at 4 pm. Guangzhou Tianhe, Yuexiu and other places have successively issued orange rainstorm warnings. Within an hour, more than 50 mm of precipitation has occurred in Liwan District, and many roads in Guangzhou have been flooded to varying degrees.

　　　　　　 Today, heavy rainfall continued in Guangdong province. Zhanjiang, Gaozhou and other places upgraded the rainstorm warning from yellow to orange at around 8: 00. As of 9: 00 in the morning, 51 counties and cities in Guangdong issued rainstorm warnings and 40 counties and cities issued thunderstorm and gale warnings.

　　　　　　 It is predicted that there will be moderate to heavy rain and local heavy rain in northern cities and counties of Shaoguan, Qingyuan, Pearl River Delta and western Guangdong today, and there will be (thunder) showers in other cities and counties. Thunderstorms are accompanied by short-term heavy precipitation and short-term strong winds of magnitude 8 or above. In the next few days, there will still be obvious precipitation in Guangdong.

[Today’s Aspect]

[Industry Wind Direction]

The order volume of Xiaomi SU7 has exceeded 70,000 units, of which Max version is the most popular. Lei Jun revealed that the delivery target in 2024 exceeded 100,000 units, and the weekly sales volume increased significantly to 2,397 units in the second week of April. SU7 will start the delivery of Pro version at the end of May, and is now fully producing to meet the order demand 3-5 times higher than expected. The price range of Xiaomi SU7 is 215,900-299,900 yuan, and it is equipped with high-end hardware and technology, including battery performance of 510km in 15 minutes and 810km in CLTC cruising range.

Lei Jun, chairman of Xiaomi Group, said on the domestic social platform that the production capacity and delivery speed of Xiaomi SU7 have improved, and early delivery has been achieved. He also recommended other new energy vehicles such as Zhijie S7, Weilai ET5 and Tucki P7 series. Zhijie provides a cash subsidy policy of 5,000 yuan for the owner of Xiaomi SU7 order, which is valid until the end of May. Xiaomi SU7 and Zhijie S7 are highly similar in price and configuration, and both provide endurance of more than 700km.

Xiaomi Automobile answered the questions raised by users, and introduced how to use the Mijia vehicle-mounted portable charging and discharging gun to charge Xiaomi SU7 in places without charging piles, as well as the functions of emergency recharge and external discharge. The preset application in the car can’t be uninstalled, but the application in the app store can. The remote control key will be reminded when the battery is low, and the battery can be replaced by itself. The spoiler (tail wing) has a welcome mode and automatically unfolds. The wiper can be adjusted by voice or operation interface. All versions of Xiaomi SU7 are equipped with 7 airbags.

More than 170 new cars will be exhibited at this year’s 2024 Beijing Auto Show, among which the highlights include the launch of the new Volkswagen Magotan, equipped with 1.5T and 2.0T engines; Ford Fierce Horse Pre-sale, the price range is 300,000-450,000 yuan; Mercedes-Benz pure electric G-class off-road vehicle will be unveiled soon; The racing version of SAIC Audi Q5 e-tron RS kit was launched; Kia Sonay is listed; Ye GT concept car and Roewe D5DMH model pre-sale; Changan Qiyuan E07 and Guangqi Honda e:NP2 made their debut; The new red flag H9 is listed; Mercedes -AMG GT 63 S E PERFORMANCE made a public appearance; Chevrolet explorer Plus started; Porsche Macan EV announces the price; The red flag EHS7 starts; Cadillac IQ proud song listed; Ruifeng RF8 HarmonyOS Edition and Wuling Xingguang Pure Electric Edition are listed; Deep blue G318 opens for pre-sale. There will be new models of brands such as BMW, BYD, Toyota and Lectra.

[Travel dynamics]

Weilai Energy has reached a cooperation with Deep Blue Automotive Technology. Since May, users of Deep Blue Automotive will be able to use charging stations in more than 300 cities in Weilai through App. Weilai has built 3,770 charging stations, 21,931 charging piles and 364 overcharging stations. The cooperation also covers the power exchange service to enhance the charging experience of new energy vehicles.

[Product Information]

The new model M5 is officially released, with a price of 249.8-279.8 million yuan. It contains two versions, extended range and pure electricity, mainly upgrading the configuration and design details, and will be delivered in batches from May 15th. The new car is equipped with closed air intake net, black decoration, HUAWEI SOUND sound, etc., and offers a variety of car colors and interior color matching options. Powered by extended range version and pure electric version, the battery life can reach up to 1440km. The intelligent driving system includes laser radar and multi-camera group, adding remote parking function.

The 2024 Toyota Saina SIENNA went on the market, with the price range of 299.8-410.8 million yuan, and the price after comprehensive discount was 284.8-395.8 million yuan. There are 9 new models, including E-Four four-wheel drive version and Qualcomm Snapdragon 8155 chip car. The exterior design continues the preceding paragraph, while the interior is upgraded with the second row of integrated aviation seats and enhanced central control panel function. The new car is equipped with a hybrid system, and the comfort and handling are improved in the face of competing products such as Buick GL8 and Volkswagen Weiran.

Lectra Auto released the new Lectra 09 MHEV seven-seat four-wheel drive global version, priced at 265,800 yuan, equipped with a 2.0T hybrid system, with a new navy blue tone, LED matrix headlights and 20-inch rims. The interior is designed in brown, providing a high-end intelligent cockpit operating system and a number of assisted driving functions. In terms of power, it is equipped with a Drive-E 2.0T T5 engine and an 8-speed gearbox. The car will be unveiled at the Beijing Auto Show.

Lexus announced that it will launch two concept cars LF-ZL and LF-ZC at Beijing Auto Show to show its electrification direction. As the flagship concept car of pure electricity, LF-ZL is expected to be mass-produced in 2026, with a modular structure and bold appearance, with a size of 5300/2020/1700mm and a wheelbase of 3350 mm. LF-ZC has a sci-fi appearance and pays attention to aerodynamic design. The interior is integrated with bamboo CMF concept, and the intelligent cockpit is equipped with Arene OS system to provide upgrade services and advanced functions.

Huawei and BAIC’s first "Smart Car" Enjoy the World S9 will be launched at the Beijing Auto Show, and it is expected to be listed in July and August, with a price of about 500,000. This pure electric medium and large car has luxurious positioning, simple appearance and spacious interior. The body size is 5160/1987/1486mm and the wheelbase is 3050 mm. Single-motor and dual-motor versions are available, equipped with drive motors produced by Huawei Digital Energy Technology Co., Ltd., with maximum power of 227 kW and 158 kW respectively.

The official map of the 2025 Cayenne GTS was released, and the new model was improved in power. It was equipped with a 4.0-liter V8 twin-turbo engine with a power of 500 HP and a torque of 660N?m. The exterior is sporty, and the interior is widely made of Alcantara material, providing exclusive sports seats. The vehicle is equipped with PASM active suspension and Sport Chrono components, and it only takes 4.2 seconds to accelerate to 96km/h, and the highest speed is 275 km/h. The US market starts at $124,900.

　　(Reporter Dai Lili) Recently, the national social insurance public service platform was put into trial operation, and the insured can calculate how much pension they can receive in the future.

　　The website of the national social insurance public service platform is http://si.12333.gov.cn. The platform can provide social security annual enrollment information inquiry, treatment qualification authentication, pension calculation, social security relationship transfer inquiry, remote medical inquiry, overseas exemption application, social security card and electronic social security card status inquiry, etc., all of which are national and cross-regional services.

　　The website platform provides two registration methods, one is according to the ID number, and the other is according to the social security card and social security bank card.

　　Many people are puzzled that they have to pay hundreds or even thousands of dollars a month to pay the old-age insurance, but how much will they get when they retire in the future? Can "capital" be recovered? People really want to make a "one-click generation" through a ready-made calculation program to know the amount of their retirement pension. However, the prediction of pension is very difficult, the calculation formula is extremely complicated, and it is closely related to variables such as social wage, personal wage and interest rate. Under the condition that these factors are still unknown, it is almost impossible to calculate pension. Therefore, many calculators that can be searched online only calculate the payment amount, and it is difficult to find one that can accurately estimate the pension benefits. The official measurement service provides convenience for people.

　　It is reported that the platform will first provide the functions of social security annual enrollment information inquiry, treatment qualification authentication, pension calculation, social security relationship transfer inquiry, medical consultation in different places, overseas exemption application, social security card and electronic social security card status inquiry, etc., to achieve nationwide cross-regional services.

　　illustrate

　　Zhang, female, 35 years old, retired at the age of 55, and has paid for 11 years. "Average contribution wage index in previous years", in layman’s terms, is the ratio between one’s own salary and the social average salary. Because Zhang’s monthly salary level is generally about twice the social average salary, this index is assumed to be "2". At the end of last year, the personal account deposit amount can be found in her social security statement. Zhang’s current deposit amount is 107,519 yuan, and the "average monthly salary of employees in Beijing last year" is 7,855 yuan.

　　Then you need to fill in two forecast information: "average wage growth rate of employees in the future" and "future personal account bookkeeping rate". Because the average wage growth rate of employees released by Beijing Municipal Bureau of Statistics in recent years varies from high to low, reaching close to 18% at high time and just over 4% at low time, the "average wage growth rate of employees in the future" here is assumed to be 8%. "Future personal account bookkeeping rate" refers to the interest generated by the accumulated storage amount of personal accounts of endowment insurance. This bookkeeping interest rate should be determined with reference to the local average wage growth rate of employees in the previous year, the bank’s resident time deposit interest rate, the actual income from the operation of the endowment insurance fund and other factors. For example, the annual bookkeeping interest rate in 2016 is 8.31%, and the annual bookkeeping interest rate in 2017 is 7.12%. Let’s assume that this figure is 8%.

　　After all this information is input, the system gives the pension budget results. Zhang will retire in 2039, and his basic pension is about 19,123 yuan, including 9,702 yuan for basic pension, 9,421 yuan for personal account pension and 0 yuan for transitional pension.

　　It must be emphasized that these calculations are only made under the simulation hypothesis of multiple variables. The actual amount shall be calculated by the local social security agency at the time of retirement.

Flexible sensor material sample diagram

　　A flexible sensor with a thickness of 200 microns (one tenth of the normal blood vessel thickness) is made of a special force-electricity conversion biomaterial and wrapped around a blood vessel or a heart, so that the subtle changes of the whole body blood pressure of the cardiovascular system in the early, middle and late stages of thrombosis can be clearly recorded on peripheral devices such as mobile phones, and at the same time, the slight differences of the cardiovascular wall pressure caused by the alienation of tissues and cells at the initial stage of the disease can be reflected more accurately and in real time.

　　The reporter of Science and Technology Daily recently learned from Nanjing University of Science and Technology that Professor Feng Zhangqi’s research group has created a new method for advanced prediction and real-time follow-up of cardiovascular diseases by monitoring the changes of micro-stress outside the cardiovascular wall. At present, the research group has made phased technological breakthroughs and completed the evaluation of animal clinical medicine. Related research was recently published in American Chemical Society-Nanomaterials and Devices, a top international journal in the field of nanotechnology and nanodevices.

　　New Nano-materials for Efficient Biomechanical-Electrical Conversion

　　Cardiovascular disease is the "number one killer" threatening human health, and whether the blood vessels are unobstructed is related to the normal operation of the whole cardiovascular system. Thrombosis is a small piece formed by blood flow on the surface of the inner surface of a blood vessel where it is peeled off or repaired. In the variable fluid-dependent type, thrombus consists of insoluble fibrin, deposited platelets, accumulated white blood cells and trapped red blood cells.

　　Experts say that "advanced prediction" and "real-time follow-up after operation" of cardiovascular diseases are the key points for effective clinical diagnosis of such diseases, especially for patients with severe cardiovascular diseases such as vascular tumor resection, intracardiac stent, valve, vascular replacement and intravascular stent. However, the existing molecular screening and imaging techniques lack accurate specific recognition function, which makes the advanced prediction and real-time tracking of cardiovascular diseases become a worldwide technical problem in clinical diagnosis and treatment.

　　Feng Zhangqi’s research group has long been committed to the development of bioelectronic materials and nano-devices, trying to build a new method for advanced prediction and real-time tracking of cardiovascular diseases by monitoring the changes of micro-stress outside the cardiovascular wall.

　　According to Dr. Li Tong, the first author of the paper, this time they pioneered a flexible nanofiber material with high-efficiency biomechanical-electrical conversion performance. Its thickness is only 200 microns, and it can accurately sense the pressure change and then show it in the form of voltage.

　　The material is rich in electromechanical conversion dipoles, which can generate a voltage of 1154 volts per cubic centimeter under the action of only 1000 Pascal, and has excellent stability, sensitivity and biocompatibility.

　　After being implanted in the body, the cardiovascular system can be monitored in real time through the mobile phone.

　　Based on this, the research group designed and manufactured a flexible implantable pressure sensor. They implanted the sensor into the peripheral blood vessels and heart parts of experimental animals (adult pigs), which not only clearly recorded the subtle changes of systemic blood pressure in the cardiovascular system at the early, middle and late stages of thrombosis, but also output a more accurate pressure signal, reflecting the slight difference of cardiovascular wall pressure caused by tissue and cell alienation at the initial stage of the disease in real time.

　　"Normal people’s blood pressure is beating with frequency, but when some tissues or cells are alienated in blood vessels, a fluctuating signal will be generated on the detector, no matter whether it is getting bigger or smaller, it is disordered. Once we detect this disordered signal and it doesn’t match the signal stored internally, we will issue some warnings, indicating that blood vessels may have problems." Feng Zhangqi said.

　　In the future, the flexible sensor can be implanted in the body together with cardiovascular surgery. Through the introduction of wireless signal transmitter, medical staff can track and diagnose the pathological changes of patients’ cardiovascular system in real time at clients such as mobile phones.

　　Feng Zhangqi explained: "We can convert it into an electrical signal that can be output by remote sensing. In the future technology, we can transform it into a signal received by a mobile phone. After receiving the signal, the mobile phone can share this signal with the hospital, so that it can be monitored remotely in real time."

　　At the same time, the successful development of this ultra-sensitive flexible implantable pressure sensor also provides a new method for accurate detection of micro-stress in vivo, which has great technical promotion for clinical real-time and accurate measurement of craniocerebral pressure, renal pressure and intraocular pressure.

　　Reporter Zhang Wei correspondent Nan Li

　　[car home New Car Launches] On August 16th, the pagani Roadster was officially released at the Pebble Beach Auto Show, with the same power configuration as the hardtop version, with a global limited edition of 130 V12 engines and an overseas price of 3.4 million US dollars, about 24.654 million yuan.

　　Although the new car is a convertible version, the net weight of the car body is the same as that of the hardtop version, both of which are 1280 kg. The design of the convertible structure part is ingenious, and it can be completely disassembled with a skylight. Not surprisingly, the new car adopts carbon fiber single shell body, and continues the traditional design of butterfly door with upward folding, which is highly recognizable. The front engine room cover is smooth without too many curves. The headlight group continues to adopt the traditional double-willow shape, and the interior decoration part of the headlight also uses carbon fiber. In addition, the air inlet of the front face is designed to be large, which makes the new car have strong heat dissipation ability.

　　The rear half of the car body uses an integrated rear cabin cover, and there is an observation window at the engine, so you can enjoy the V12 engine from AMG at any time. In the rear part, the classic central four-outlet exhaust pipe divides the color matching spoiler into two parts, and the taillights on both sides are arranged vertically. The overall hollow shape of the rear part is obvious and very layered.

　　The interior continues the style and layout of the pagani supercar interior. There is no central control electronic screen, all physical buttons are decorated with a circle of blue lights, and almost all parts of the car are covered with leather or carbon fiber panels.

　　In terms of power, the new car is still equipped with a 6.0T twin-turbo V12 engine provided by AMG, with a maximum power of 864 HP and a peak torque of 1,100 Nm. The transmission system is matched with Xtrac 7-speed sequential gearbox, and manual transmission is also optional. In addition, the new car will be equipped with active suspension and innovative sensor system of Pirelli Cyber Tyre, which can monitor the status of Pirelli P Zero Corsa, Winter and Trofeo RS tires and transmit the real-time tire information back to the on-board computer, so as to regulate the traction control system, which can control the stability of the vehicle more accurately, thus exerting stronger performance potential under the premise of safety. (Text/car home Dai Wei)

1. Appearance: The new Sylphy adopts a brand-new design, with smoother and more dynamic lines. The classic Sylphy maintains the old design style and is relatively conservative.

2. Interior: The interior design of the new Sylphy is more fashionable and simple, and many soft materials are used to enhance the texture of the car. The interior of the classic Sylphy is relatively simple and the material is relatively hard.

3. Power: The new Sylphy is equipped with a 1.6L naturally aspirated engine with a maximum power of 93kW and a maximum torque of 154Nm. The classic Sylphy is equipped with two naturally aspirated engines of 1.6L and 1.8L, with the maximum power of 86kW and 98kW respectively and the maximum torque of 153Nm and 174Nm respectively.

4. Configuration: The new Sylphy is equipped with more safety configuration and technology configuration, such as automatic parking and intelligent cruise. The classic Sylphy configuration is relatively low, without these advanced configurations.

Generally speaking, the new Sylphy is better than the classic Sylphy in all aspects, and it is superior in design, interior texture and dynamic performance. Of course, the price will be slightly higher than the classic Sylphy.

　　Author: Han Meiqun (special researcher of Socialism with Chinese characteristics Theoretical System Research Center, Hubei Province, vice president, professor and doctoral supervisor of School of Marxism, Zhongnan University of Economics and Law)

　　Remain true to our original aspiration and keep our mission firmly in mind. Looking back on the course of cultural construction in the past century, in the fierce collision between eastern and western civilizations, the Communist Party of China (CPC) people have always adhered to the guidance of Marxism, taken human development and social progress as their own responsibility, never forgotten the original, absorbed foreign countries and faced the future, thus opening a new chapter in the development of Chinese culture. Culture makes the country prosperous and the nation strong. In the new historical position and starting point of Socialism with Chinese characteristics’s entering a new era, facing new development opportunities and challenges, the Communist Party of China (CPC) people are shouldering a more arduous cultural mission.

　　1, cultural heritage, realize the great rejuvenation of the Chinese nation.

　　General Secretary of the Supreme Leader pointed out: "The prosperity of a country and a nation is always supported by cultural prosperity, and the great rejuvenation of the Chinese nation needs the development and prosperity of Chinese culture." China’s excellent traditional culture nurtured in the development of civilization for more than 5,000 years is the blood and soul of the Chinese nation, the cultural gene that Chinese sons and daughters can never give up, and the cultural support for the great rejuvenation of the Chinese nation. In the development process of nearly a hundred years, the Communist Party of China (CPC) not only shoulders the heavy responsibility of national independence and national prosperity, but also undertakes the cultural mission of the development and prosperity of Chinese culture.

　　Chinese traditional culture is a complex ideological system and cultural organism, which has both nationality, times and class. If it is simplified and abstracted into a fixed and simple individual, it will be one-sided and metaphysical.

　　Culture makes the country prosperous and the nation strong. The picture shows the campus opera festival held by Yuhua West Road Primary School in Shijiazhuang City, Hebei Province with the theme of "carrying forward the classic Chinese quintessence of opera art". Xinhua news agency

　　In the past, we have made serious mistakes, such as completely denying the value of traditional culture because of its backward or decadent elements, or unilaterally upgrading its status because of its progress or positive side, and so on. These are all things we should be alert to. In the new era, great changes have taken place in the domestic and international environment, and ideological trends or tendencies such as "cultural nihilism", "cultural conservatism" and "cultural fanaticism" are still presented in different forms to varying degrees. How to inherit and develop Chinese excellent traditional culture according to the characteristics of the new era is a major strategic task for the Communist Party of China (CPC) people in the new era.

　　On how to inherit Chinese traditional culture, Comrade Mao Zedong once proposed to "take its essence and discard its dross". The selective absorption of traditional culture can only be completed through people’s purposeful free and conscious activities. In the new era, under the guidance of Marxism, we should follow the logic of cultural development, focus on grasping and analyzing traditional culture from the perspective of historical and cultural continuity, not only understand its historical position and historical value, but also recognize its era connotation and practical significance. At the same time, we should face the future, strengthen our cultural self-confidence in the great practice of realizing the historical mission of the great rejuvenation of the Chinese nation, stick to our cultural stand, oppose "cultural hegemony" and "cultural invasion", and strive to create Chinese culture with China characteristics, China style and China style.

　　2, cultural innovation, building a socialist modernization power in an all-round way.

　　Innovation is the soul and motive force of cultural development and progress. Throughout the history of human civilization, whether in the East or the West, cultural innovation has played a key role in the long-lasting and prosperous culture. In essence, the European Renaissance in the 14th and 16th centuries was not a cultural revival movement back to ancient Greece and Rome, but a thorough cultural regeneration and cultural innovation movement, which greatly accelerated the process of western civilization. In the modern new culture movement in China, cultural innovation and ideological emancipation have always been the main theme, which greatly promoted the transformation and modernization of Chinese traditional culture.

　　History and practice have repeatedly proved that innovation is an inexhaustible motive force for the country and the nation to maintain vitality and vitality forever.

　　The Communist Party of China (CPC) has always attached importance to cultural innovation and cultural construction. In different historical periods of China’s revolution, construction and reform, the Communist Party of China (CPC) people actively cultivated and spawned revolutionary culture and advanced socialist culture under the guidance of Marxism, based on Chinese excellent traditional culture, based on practice and taking innovation as a breakthrough. At present, China is forging ahead along the goal of "two hundred years", and the Communist Party of China (CPC) shoulders the mission and task of cultural innovation entrusted by the times. "Raise the banner, gather people’s hearts, cultivate new people, promote culture and display image". Only by creating a new culture worthy of the times with the attitude of innovators can the Communist Party of China (CPC) people forge ahead in the journey of building a socialist modernization power in an all-round way and the great rejuvenation of the Chinese nation and realize their glorious dreams.

　　To promote cultural innovation in an all-round way, we must handle the relationship between cultural inheritance and cultural innovation. Chinese culture has always paid attention to the dialectical relationship between "change" (innovation) and "constant" (inheritance). Confucius once said: "Yin gained and lost because of Xia Li, so we can know it; It is clear that Zhou gained and lost because of Yin Li. Its successor or successor, though immortal, is also known. " It is precisely because of the constant changes that Chinese culture has gone through thousands of dangers and changes, but it is still endless and endless.

　　To promote cultural innovation in the new era, we must uphold the guiding position of Marxism in the field of cultural ideology. Ideology determines the direction and road of cultural innovation and development. Marxism is the world outlook and methodology of the proletariat. Under the guidance of Marxism, the Communist Party of China (CPC) promotes the innovation and development of Chinese culture. Its essence is the process of Marxism in China, and it is also the process of Chinese cultural modernization. They are not simply "foreign" and "native", decided and decided, included and included or juxtaposed. In essence, they are a kind of agreement and integration of cultural content and cultural spirit.

　　3. Learn from each other and promote the construction of a new civilized order in the world.

　　As early as more than 100 years ago, Marx and Engels revealed and predicted the globalization trend of world history and spiritual and cultural production. They pointed out that "the satisfaction of the needs of every civilized country and everyone in these countries depends on the whole world" and "many national and local literatures have formed a kind of world literature". In today’s world, with the acceleration of globalization, the conflict and integration between different cultures has become an indisputable fact. In the extremely fierce international competition, the Communist Party of China (CPC) put forward that we should respect the diversity of world civilizations, transcend the estrangement of civilizations, learn from each other, transcend the superiority of civilizations, create a new concept of civilization, promote the construction of a community of human destiny, and build a new global civilized order, which has been recognized by the vast number of peace-loving countries and people in the world.

　　In the history of human civilization development for thousands of years, equal exchanges and mutual learning between world civilizations can promote the development of culture, and vice versa. Zhang Qian’s mission to the western regions and the establishment of the Silk Road greatly promoted the prosperity of eastern and western cultures; However, the Crusade became a "reversed history of Eurasian blood and tears". Civilization or culture has nationality, diversity and equality. The cultures of different nationalities in the world communicate on the basis of equality, are valuable because of communication, learn from each other because of value, and are promoted because of mutual learning.

　　In the tide of globalization, closing the country to the outside world and blindly excluding foreigners are moving against the current, which goes against the law of the development of culture itself. Of course, belittling yourself and worshiping foreign things will also lose yourself and lose your direction. The correct attitude is to strengthen cultural self-confidence, adhere to the principle of cultural equality, take everything in an open spirit, exchange and learn from each other, absorb the strengths of all ethnic groups and adopt the wisdom of a hundred schools. On the one hand, we will "bring in" and learn from the cultures of other ethnic groups in the world to strengthen cultural exchanges and cooperation with foreign countries; On the other hand, "going out" will enhance the world influence of Chinese culture. At the same time, we must resolutely oppose and refute the western thoughts of "clash of civilizations" and "cultural hegemonism", adhere to the cultural equality of all ethnic groups, replace confrontation with dialogue, replace exclusion with exchange, resolve conflicts and promote integration, and jointly create a new concept of civilization and a new civilized order of "civilization exchange, civilization mutual learning and civilization coexistence".

　　Guangming Daily (June 20, 2019, 05 edition)

"The new Braille books in the library are clearly printed, and the current Braille is used correctly, which is very suitable for blind people to read. There is also a special reading table for us blind people. How thoughtful! " On May 4th this year, in the reading room for the blind of Hefei Library, Mr. Jiang, a visually impaired person, said happily to You Yi, assistant procurator of the Third Procuratorate of Shushan District Procuratorate of Hefei.

Teacher Jiang experienced this change in Hefei Library, which benefited from the first administrative public interest litigation case of visually barrier-free information construction in our province handled by Shushan District Procuratorate. In January last year, the prosecutor of the hospital found that the daily reading needs of visually impaired people with disabilities were difficult to meet, Braille books were expensive and difficult to buy, and the borrowing process in some libraries was not smooth. After visiting local disabled persons’ federations, public welfare voluntary organizations and relevant administrative organs, and listening to the opinions of the visually impaired, the prosecutor further learned that the reading room for the blind in Hefei Library could not be used normally, and the configuration of barrier-free information exchange equipment such as Braille books, audio books, voice recording, large character reading equipment and software was not perfect, which made it inconvenient for the visually impaired to borrow. In view of the fact that the reading rights and interests of visually impaired people have not been effectively guaranteed, and the social public interests have been infringed, under the guidance of the provincial procuratorate and the designated jurisdiction of the Hefei Procuratorate, on April 12, 2022, the Shushan District Procuratorate filed an administrative public interest litigation investigation.

Since then, the hospital has held a round table meeting with relevant regulatory authorities to discuss the statutory duties of administrative organs, the implementation of the demands of disabled representatives, the rectification plan, and regulatory measures, and clarified the direction of rectification. On April 15th, the Procuratorate of Shushan District issued a pre-litigation procuratorial proposal to Hefei Culture and Tourism Bureau, stressing that promoting barrier-free environment construction is an important prerequisite for ensuring the disabled and other social members to fully and equally participate in social life. Information accessibility is an important part of barrier-free environment construction and an inevitable requirement for building an information society in an all-round way and promoting social fairness and justice. Hefei Library, as a subordinate unit of Hefei Culture and Tourism Bureau, has some shortcomings in the guarantee of barrier-free information construction. The bureau is responsible for the development of urban public culture and should perform its supervision and management duties according to law to avoid the infringement of social public interests. In view of this, according to the Public Library Law, Regulations on Barrier-free Environment Construction, Regulations on Protection of Disabled Persons in Anhui Province and Administrative Measures on Barrier-free Environment Construction in Anhui Province, this proposal requires Hefei Library to allocate Braille books and related reading equipment according to regulations, optimize the lending process, improve the construction of barrier-free information, and ensure that special groups can enjoy social public cultural services equally.

After receiving the procuratorial suggestions, Hefei Municipal Bureau of Culture and Tourism attached great importance to it and decided to launch a special campaign of "protecting the reading rights of visually impaired people" throughout the city, urging more than 30 libraries in Hefei and related communities to improve the construction of visually impaired reading facilities in time, speed up the transformation of information barrier-free environment, ensure the normal use of reading rooms for the blind, and at the same time, add existing Braille books for social sciences and literature. For this special rectification, Hefei Culture and Tourism Bureau gave a written reply to the Shushan District Procuratorate.

In order to consolidate the results of public interest litigation, on May 4th this year, the Procuratorate of Shushan District specially invited three representatives of visually impaired people and two volunteers of procuratorial cloud platform and supervisors of barrier-free environment construction to walk into Hefei Library for "looking back". Everyone browsed more than 200 new Braille books purchased by the library and experienced the "network+mail" borrowing process and new barrier-free information exchange equipment such as a book listening machine.

In Hefei Library, the Procuratorate of Shushan District, together with the public welfare organization for the protection of the disabled, also held a forum on the spot with the theme of "helping the disabled with culture and reading the light". During the discussion and exchange, participants in the "Looking Back" fully affirmed the efforts made by the procuratorial organs in helping to protect the reading rights and interests of disabled people, and put forward opinions and suggestions on the optimization of Braille book procurement categories, the compilation of e-books, the improvement of online lending process of Braille books, and the promotion of offline navigation volunteer service. The relevant person in charge of Hefei Library said that according to the suggestions and requirements put forward by everyone, the barrier-free information construction in the library will be continuously improved to ensure that special groups such as visually impaired people can better share the achievements of social and cultural services.

"Now the needs of dyslexic groups such as visually impaired people have new connotations and are more diverse. As a procuratorial organ, it should help this special group to share more colorful cultural products in an equal and timely manner with the power of the rule of law." You Yi said. She also told reporters that in the process of handling a series of public interest litigation cases in the fields of transportation and barrier-free information reading, the public interest litigation department of the hospital found that seven disabled representatives who participated in barrier-free environment experience had difficulties in life, and they were transferred to the court as clues for judicial assistance. Complaint and prosecution department. After investigation and verification, the procuratorate issued them a total of 34,000 yuan in judicial assistance.

On October 18th, this administrative public interest litigation case of visually barrier-free information construction handled by Shushan District Procuratorate was jointly rated as a typical case of public interest litigation of barrier-free environment construction by the Supreme People’s Procuratorate, Ministry of Housing and Urban-Rural Development and China Disabled Persons’ Federation. Chu Zhang

　　The Company and all members of the Board of Directors guarantee the truthfulness, accuracy and completeness of the information disclosure, and there are no false records, misleading statements or major omissions.

　　On February 18th, 2024, the National Internet Information Office (hereinafter referred to as "the Internet Office") announced the fourth batch of filing information of deep synthesis service algorithms, and Fangxin Technology Co., Ltd. (hereinafter referred to as "Fangxin Technology"), a wholly-owned subsidiary of Jincai Internet Holdings Co., Ltd. (hereinafter referred to as "Fangxin Technology"), filed the "Xinzhiyue Finance and Taxation Model Algorithm" through the deep synthesis service algorithm. The relevant information is hereby announced as follows:

　　I. Relevant information about the filing of "Xinzhiyue Finance and Taxation Model Algorithm"

　　According to the requirements of Article 19 of the Regulations on the Management of Deep Integration of Internet Information Services issued by the Information Office of the People’s Republic of China, deep integration service providers with public opinion attributes or social mobilization ability shall go through the filing, alteration and cancellation procedures in accordance with the Regulations on the Management of Internet Information Service Algorithm Recommendation. Fangxin Technology applied for filing the "Xinzhiyue Finance and Taxation Model Algorithm" to the Internet Information Office in accordance with the requirements of relevant regulations. The contents of the filing are as follows:

　　Second, the basic situation of "Xinzhiyue fiscal and taxation model algorithm"

　　The "Xinzhiyue Finance and Taxation Model Algorithm" model for this record was signed by Jincai Internet and a third-party general model company in September, 2023. Xinzhiyue Finance and Taxation Model relies on the rich finance and taxation knowledge accumulated by Jincai Internet for many years, follows the principle of "safety, kindness, credibility and controllability", takes Pangu Model as the base, uses a large amount of finance and taxation data for training and optimization, and is mainly applied to dialogue generation scenarios. According to the consultation text or input by users,

　　Based on Xin Zhiyue’s fiscal and taxation model, the semantic understanding and reasoning ability in fiscal and taxation field, combined with fiscal and taxation professional knowledge, provide intelligent online fiscal and taxation knowledge consultation, policy and regulation interpretation, case analysis, risk intelligent diagnosis, tax and fee calculation and other services for business owners and fiscal and taxation practitioners. While improving the efficiency of user consultation service, it also improves the user experience, so as to improve the quality and efficiency of service.

　　Third, the impact on the company

　　This algorithm has been put on record by the Network Information Office. The company will continue to extend the practical innovation based on Xinzhiyue big model to the enterprise business system, connect business management with ticket finance and taxation, and build an intelligent digital tax agent to help enterprises achieve "compliance, reduce burdens and increase profits", which is of positive significance to the company’s subsequent product launch and business development.

　　Fourth, risk warning

　　1. The application product of the company’s "Xinzhiyue Finance and Taxation Model Algorithm" is TaxGPTs, which is still in the trial stage and has not affected the company’s operating performance yet.

　　2. This filing is only a necessary procedure for relevant institutions to perform according to relevant laws and regulations, and the passing of filing does not mean the approval of our products or services.

　　3. In the research and development process of artificial intelligence related technologies, the company is faced with the requirements of technical update iteration, which has certain uncertainty, and there is still great uncertainty as to whether the expected effect can be achieved in the future.

　　4. In the future, as more enterprises and technical teams launch large model products, the competition in the field of artificial intelligence may be further intensified.

　　The company will strictly comply with the provisions and requirements of relevant laws and regulations, earnestly fulfill its information disclosure obligations and do a good job in information disclosure in a timely manner. Investors are requested to invest rationally and pay attention to risks.

　　It is hereby announced.

　　Board of Directors of Jincai Interconnection Holdings Co., Ltd.

　　February 20, 2024

The business review of the Board of Directors of Chuangyuan Xinke in 2022 is as follows:

　　I. Business Summary

(A) business model

Chuangyuan Xinke (Shanghai) Technology Co., Ltd. is a professional instrument company focusing on developing RF communication test instruments and providing overall test solutions. The company focuses on enhancing the potential energy construction of wireless test instruments, mainly developing wireless communication test, vehicle networking test and wireless communication equipment. It has its own brand and a series of core patented technologies of test instruments, integrating R&D, production and sales. It is a high-tech enterprise with completely independent intellectual property rights, and won the special prize of National Science and Technology Progress Award in 2016 and the first prize of Jiangsu Science and Technology Award in 2020. The company has a strong R&D team, the core of which has many years of R&D experience in mobile communication, RF microwave, radio monitoring and navigation testing. The company’s main products include signal analysis and spectrum analysis series, signal simulation and signal generation series, radio monitoring and Beidou navigation test series, vector network analysis series, wireless network test and channel simulation series, and it is a representative enterprise of high-end wireless communication test instrument industry in China.

For many years, the company has undertaken the development tasks of the national "New Generation Broadband Wireless Mobile Communication Network" major science and technology special project, Shanghai high-tech industrialization special project, strategic emerging industry development special project, scientific and technological innovation action and other research tasks, undertaken the continuous construction task of Shanghai wireless communication test instrument engineering technology research center, comprehensively carried out the research on 5G/6G and millimeter-wave communication test technologies, and participated in the formulation of national 5G/6G millimeter-wave test specifications and standards. At present, we are cooperating with Shanghai Institute of Advanced Studies, Chinese Academy of Sciences to undertake the project of "prototype testing and verification of 6G basic chips for new networks", and actively deploy 6G testing, which has enhanced the company’s long-term core competitiveness.

By adopting the mode of "Industry-University-Research" technical cooperation with universities, Dongda-Chuangyuan Electronic Measurement Technology Research Center, which was co-founded with Southeast University, has entered the third phase of cooperation (research and development of microwave, millimeter wave, terahertz and communication measurement technology and instruments), and established an advanced satellite navigation technology collaborative innovation technology center with a famous university in China to ensure the technical reserve and talent echelon construction ability, and ensure the technical innovation and sustainable development ability.

The company is customer-oriented and provides leading test products and overall solutions. According to different product characteristics, the company adopts direct sales, distribution and online sales marketing models respectively.

During the reporting period, the company’s business model did not change much.

From the reporting period to the report disclosure date, the company’s business model has not changed.

Second, the operation review

(1) Business plan

In the first half of 2022, the company optimized the "1+3" development strategy and enriched the company’s business sectors. However, due to the epidemic situation in novel coronavirus, Shanghai, according to the requirements of the Shanghai government’s epidemic prevention and control, from March onwards, employees’ living places were temporarily closed and controlled, and they could not work normally. From April 1st, the company’s headquarters in Shanghai and the living places of all its employees in Shanghai were under temporary closure management, and they were unable to work normally. From June 1st, the company resumed normal production and business activities, which had a certain impact on the company’s operation in the first half of 2022. In the first half of 2022, the company realized an operating income of 136,445,400 yuan, a year-on-year decrease of 27.73%; The net profit attributable to shareholders of listed companies was 11,564,900 yuan, a year-on-year decrease of 55.22%. As of June 30, 2022, the company’s total assets were 1,021,360,100 yuan, a year-on-year increase of 4.84%. The basic earnings per share was 0.08 yuan, a year-on-year decrease of 55.56%.

1. Optimize the company’s "1+3" development strategy and change the company’s full name and securities abbreviation at the same time.

The company held the 15th meeting of the sixth board of directors on April 8th, 2022, and deliberated and passed the Proposal on Optimizing the Company’s "1+3" development strategy. Based on the needs of the company’s positioning and long-term development planning, and in line with the company’s main business development and strategic planning, the company’s long-term development strategy was optimized. The optimized "1+3" strategy "1" refers to the potential energy construction of continuous wireless communication test instrument technology.

(1) Wireless communication test: that is, the wireless communication test instrument business mainly based on 5G/6G communication, Beidou navigation and semiconductor radio frequency;

(2) Vehicle networking test: namely, vehicle networking communication test business mainly based on C-V2X and automotive electronics;

(3) Wireless communication equipment: namely, communication equipment business mainly consisting of wireless detection equipment, millimeter wave module and satellite communication transmission module.

In order to better adapt to and clearly reflect the core technology of the company’s products, future positioning and long-term business development direction, the company’s securities abbreviation and full name were changed, and the company was renamed as "Chuangyuanxinke (Shanghai) Technology Co., Ltd.", and the securities abbreviation was "Chuangyuanxinke", and the securities code remained unchanged.

2. Continuously improve the research and development strength.

The company focuses on R&D investment in 5G/6G and millimeter wave, constantly develops new products and promotes rapid iteration of original products, so as to enhance the core competitiveness and sustainable profitability of enterprises. During the reporting period, the company spent 94,050,400 yuan on R&D, accounting for 68.93% of its operating income. During the reporting period, the company applied for 21 patents, including 10 invention patents, 1 utility model, 10 design patents and 1 soft one. By the end of the reporting period, the company had applied for 390 patents at home and abroad, including 251 invention patents, accounting for 64.36%, and 196 authorized patents, including 74 invention patents, 83 utility model patents and 39 design patents, with software copyright. During the reporting period, the company completed the following key projects and products: l5G air interface signal analysis instrument research and development project: the research and development results of this project can realize the two-way testing of analog terminal network and analog network terminal, break through the technical monopoly of foreign companies, promote the commercialization process of domestic 5G technology, and form a complete testing solution for China’s 5G industry chain, which has important strategic significance; LavaSig signal generation software: the newly released Lavasig software is a signal generation software with high integration, flexible configuration of multiple parameters and strong versatility. Using this software can help users easily generate various digital modulation signals,It includes all standard communication standard signals such as GSM/EDGE/TD-SCDMA/WCDMA/TDD-LTE/FDD-LTE/NBIOT/Lora/5GNR/C-V2X, as well as general digital modulation, analog modulation, arbitrary wave I/Q modulation, pulse modulation and other signals to meet the user’s multi-scene signal generation and use requirements; LGeneMini hand-held signal source adds new functions of vehicle networking: With its years of technical accumulation in the field of mobile communication, the company upgraded the GeneMini hand-held signal source completely, enabling it to support the generation of LTE-V2X standard signals applied to vehicle networking, expanding the signal source’s support for V2X, helping networked automobile manufacturers and Tier1 manufacturers to carry out research and development, verification and testing of C-V2X communication functions, and helping the industrial technology landing of C-V2X and the implementation and deployment of advanced technologies.

3, G60 science and technology corridor Chuangyuan Group headquarters base construction project

The company established Shanghai Chuangyuan Cornerstone Enterprise Development Co., Ltd., and plans to purchase the land use right through "bidding, auction and hanging". The establishment of Chuangyuan cornerstone and the purchase of land use right by the company’s foreign investment this time are based on the company’s overall development strategy in the future and provide necessary basic conditions for the company’s sustainable development in the future. The construction of G60 Science and Technology Corridor Chuangyuan Group Headquarters Base is conducive to the company’s long-term planning and development, and will enhance the company’s comprehensive strength and competitiveness in the future.

4. Continue to expand domestic and international markets.

With excellent talents, ingenious brands and rich products and solutions, we will continue to deepen cooperation with our original customers and increase the efforts to explore new markets. In the field of national defense industry and special communication, we have made great achievements through intensive cultivation and constantly exploring new customer markets. In the field of semiconductor front-end and back-end testing, sales performance has been greatly improved by constantly introducing new solutions and expanding customer base. During the reporting period, the company participated in the 2022 China Intelligent Networked Automobile Innovation Achievement Conference (CICVIAC2022) co-sponsored by the Electronic Department of the Ministry of Industry and Information Technology, Chongqing Economic and Information Technology Commission, china electronic chamber of commerce and China Automotive Engineering Society, China Automotive Engineering Research Institute Co., Ltd., China Automotive Informatization Promotion Industry Alliance, Chongqing Investment Promotion Bureau and Beijing Zhongqi Zhilian Technology Co., Ltd., As a professional instrument company that independently develops wireless communication test instruments and provides integrated test solutions for 4G/5G/C-V2X, the company participated in this grand meeting to discuss the technical development trends, opportunities and challenges of intelligent networked automobile industry with industry enterprises, and jointly promote the development of intelligent networked automobile industry towards higher technology. As the key product of this exhibition, the coverage and performance test scheme of 4G/5G/C-V2X has been inquired by many visitors. During the reporting period, the epidemic situation in China was still grim. In order to overcome the unfavorable factors caused by the epidemic, the company carried out various forms of online technical exchanges and marketing activities.The online technology sharing meeting-VNA, the grand prize of general test and measurement application, was held, and "618" held many online marketing activities, making full use of network resources to help the company build its brand and expand its business needs.

(2) Industry situation

The global market pattern of wireless communication test equipment is relatively concentrated, and the key technologies are mastered by a few foreign giant manufacturers. Under the background of accelerating the construction of domestic wireless communication and the support of national policies, domestic substitution has become an important way for independent innovation and development, and the development of wireless communication test equipment and other industries in China will catch up in the future.

I. Overview of Industry Development

(A) the industry environment

5. Honors won

L Won the TOP100； of Shanghai Hard Core Technology Enterprise in 2022; L obtain AAA credit enterprise certificate; L was rated as an outstanding contributor to talent training by Southeast University;

1, the United States to engage in monopoly frequently suppressed high-tech enterprises in China.

Since the beginning of Sino-US trade friction, since 2018, the US government has repeatedly imposed unilateral sanctions and so-called "long-arm jurisdiction" on other countries on the grounds of national security and diplomatic interests. During this period, in many key technical fields, such as transportation, communication technology, wireless communication testing, artificial intelligence, etc., more than 300 enterprises in China were technically blocked, and the acquisition of American-made goods (including goods and technologies), the supply technology and parts purchase, and the signing of contracts were suppressed. The essence behind it is nothing more than monopoly, which restricts the technological development of related enterprises in China and foreign trade.

In addition, with the gradual entry into force of epidemic prevention and control and unconventional stimulus policies, the economic recovery of all countries in the world is unbalanced and inadequate, and the world economy still faces great uncertainty, which has caused new impacts on the cooperation among countries in the Belt and Road Initiative, prompting China to pay attention to independent industrial innovation internally and actively explore new paths for the development of the Belt and Road Initiative.

2. The world will share the market opportunity of China wireless communication test equipment.

In recent years, China’s attention and support for the wireless communication and RF microwave test instrument industry has been increasing, the technical level of domestic enterprises has been continuously improved, and the advantages of domestic equipment in product cost performance and after-sales service have gradually emerged. With the rapid development of 2G blank, 3G follow-up, 4G synchronization and 5G leading, China has become one of the countries with stable global economic development and good business environment, which further promotes the localization of domestic wireless communication test equipment, especially in the field of wireless communication testing, and gradually presents the characteristics that the domestic market realizes import substitution and exports to overseas markets such as Europe and America.

3. The national revitalization policy continues to bring great opportunities to the development of the industry.

The subdivision industry of wireless communication and RF microwave test instruments is the basic and strategic industry of the national economy, which has a strong pulling effect on the national economy and has been supported by national policies. In recent years, with the formulation and implementation of a number of policies, such as Made in China 2025, Special Plan for Scientific and Technological Innovation in the Field of Advanced Manufacturing Technology in the Thirteenth Five-Year Plan, the Tenth Five-Year Plan and the Outline of Vision in 2035 (draft), China’s attention and support for this industry has gradually increased. The policy provides financial, tax, technical and human resources support for the wireless communication and RF microwave test instrument industry, and creates a good domestic business environment.

(2) Industry characteristics

1. Financial strength and technological innovation have pushed up the industry gap barrier.

Wireless communication test equipment industry is a typical knowledge and technology-intensive industry, and the factors such as technology, capital, talents and industry standard formulation lead to high barriers to entry. Due to the periodic technological changes in downstream industries, enterprises in the industry continue to invest in research and development to ensure that they remain ahead in the new generation of technology. At present, the ratio of R&D expenses/operating income of well-known manufacturers in the industry has remained above 10% all the year round.

2. The import of high-end test equipment is highly dependent.

At present, due to the fact that China’s wireless communication test equipment is still in its infancy, the market scale is relatively small in the communication and electronic manufacturing industry, and the technical difficulty and high precision are required, as well as the industry is restricted by foreign invisible technical barriers, China’s high-end test equipment relies on imports, such as German technology, Germany’s Rhodes and Schwartz, American national instruments and other foreign large enterprises, and domestic equipment is in an embarrassing situation. According to statistics, in 2020, domestic test equipment will contribute less than 30% of the income to the market of electronic measurement and test instruments, and the remaining 70% will come from imported instruments. China electronic test equipment market has a large import substitution space.

3. The iterative R&D and construction stage of communication technology has become the critical point of periodic demand.

The application scenario of wireless communication test equipment is closely related to the communication industry, mainly used in communication, electronics and other industrial manufacturing industries, which have obvious cyclical characteristics due to the influence of technical standards and changes in supply and demand. Usually, the demand for test equipment is relatively high in the development period and construction period of the new generation of communication network standards, while the procurement between the two standard periods is mainly to maintain engineering test instruments, which belong to durable goods, and the demand is relatively stable. Take the three major domestic operators as an example, the capital expenditure of each generation of mobile communication technology will maintain a rapid growth during the research and development stage and construction period, during which a large number of equipment and corresponding test equipment need to be purchased, while upstream communication equipment manufacturers, antenna manufacturers and module manufacturers also need to increase the purchase of test equipment to ensure that their products meet the requirements of the new generation of technology.

Second, the industry competition pattern analysis

(1) Development of global wireless communication and RF microwave test instrument industry

(1) Market size

1. Wireless communication test instrument market

With the continuous improvement of global industrial level and the arrival of digital era, as well as the rapid development of information technology, electronic manufacturing, national defense and aerospace and other related industries, wireless communication test instruments have formed a huge market scale. It is predicted that the global wireless communication and RF test instrument market will continue to grow steadily in the future. By 2024, the market scale will reach 88.464 billion yuan, with a compound growth rate of 5.79% from 2020 to 2024.

China’s wireless communication test and measurement instrument industry started relatively late, and there is still a certain gap with foreign leading enterprises in key technologies. In the fields of national defense science and technology such as military industry and aerospace, some national research institutes have strong technical strength, but their marketization degree is low.

In recent years, with China gradually becoming the manufacturing center of the global electronics industry, the development potential of the domestic wireless communication test instrument industry has been stimulated in combination with the domestic industry and policy trend of replacing imports. In the future, with the vigorous development of domestic wireless communication, the market scale growth rate of China wireless communication and RF microwave test instrument industry will be significantly higher than the global average. It is estimated that by 2024, the market scale will reach 25.065 billion yuan, with a compound growth rate of 13.13% from 2020 to 2024.

(B) Industry demand analysis

1. The process of 5G construction accelerates the growth of wireless communication test demand.

The R&D and large-scale commercialization of 5G are inseparable from the participation of wireless communication test equipment manufacturers. China officially issued the commercial license of 5G in 2019. At present, 5G technology is gradually turning to large-scale application. In this process, communication equipment manufacturers, terminal manufacturers and application module manufacturers need to increase the procurement of test equipment to ensure that their products meet the requirements and specifications of the new generation of mobile communication technology. Different from the traditional mobile communication technology, 5G has three characteristics: high speed, low delay and wide connection. The integration of both base stations and terminals is getting higher and higher, and the performance test difficulty and test time of 5G communication equipment are doubled. With the help of advanced test and measurement instruments, designers of downstream manufacturers can explore new signals, channels, scenarios and topological structures, and further verify the commercial capabilities of equipment and solutions, so wireless communication testing becomes more important.

The increasing demand for antenna testing in 5G base stations drives the development of test equipment industry. At this stage, the scale of China’s 5G base station construction is still showing explosive growth. According to the data of the Ministry of Industry and Information Technology, in 2021, the total number of mobile communication base stations in China reached 9.96 million, with a net increase of 650,000. Among them, there are 5.9 million 4G base stations and 1.425 million 5G base stations. Over 650,000 new 5G base stations were built throughout the year, and the number of 5G base stations in China accounts for nearly 70% of the global total. According to the data of iResearch, it is estimated that by 2024, the number of 5G base stations in China will reach 6.21 million. Because the antenna test of 5G base station needs to be completed in the shielding box, with the increase of antenna test demand, the market demand for shielding box continues to expand, and the wireless communication test equipment industry will develop steadily.

The application of 5G technology will greatly increase the demand for test equipment and solutions. According to the data released by the Global System for Mobile Communications, the number of China’s 5G network users will increase from 5 million in 2019 to 807 million in 2025, and the proportion of 5G network users will increase from 0.3% in 2019 to 47%. By then, the enhanced mobile broadband, massive Internet of Things and high reliability and low latency connection supported by 5G will drive the demand of terminal equipment for different test functions, and the demand for test solutions that can verify the performance of high-density data will also increase.

Frost&Sullivan predicts that by 2024, the global market of 5G test equipment and solutions is expected to reach US$ 2 billion, with a compound annual growth rate of 11.5%.

2. The increase in the number of Internet of Things connections enhances the market space for communication testing.

With the commercialization of 5G on a global scale, the era of the Internet of Everything has begun, and the number of terminals that need signal transmission will increase greatly in the future. It is necessary to test the equipment performance, network performance, terminal security and other aspects to realize large-scale commercial use of Internet of Things technology.

Intelligent IOT products need all kinds of communication test instruments to test and verify the products in the aspects of identification, information reading, information transmission and sharing, and the market scale of communication test has expanded rapidly. According to data released by the Global System for Mobile Communications, the total number of Internet of Things connections worldwide reached 12 billion in 2019, and it is estimated that by 2025, the total number of Internet of Things connections worldwide will reach 24.6 billion. With the increase of the number of connections and the improvement of network complexity, the difficulty of testing requirements is also increasing. At present, the main application scenarios of Internet of Things include smart city, smart transportation, smart home, industrial Internet of Things, car networking, wearable devices, etc. After the large-scale application scenarios of Internet of Things, the scale of wireless communication testing market will be greatly improved.

3. The ubiquity of Beidou satellite application enhances the urgency of product testing market demand.

At present, Beidou satellite navigation system has formed a complete industrial chain consisting of Beidou basic products, application terminals, application systems and operation services, and has been widely used in transportation, public safety, agriculture, forestry and fisheries, hydrological monitoring, weather forecasting, communication time system, power dispatching, disaster relief and disaster reduction, and other fields, resulting in remarkable economic and social benefits. According to the data released by Navigation and Positioning Association, the total output value of China’s satellite navigation and location service industry reached 403.3 billion yuan in 2020, an increase of about 16.9% compared with 2019. Among them, the core output value of the industry, including chips, devices, algorithms, software, navigation data, terminal equipment and infrastructure, which are directly related to the development and application of satellite navigation technology, increased by about 11% year-on-year, reaching 129.5 billion yuan, accounting for 32.11% of the total output value, with a slightly higher growth rate than last year. The associated output value derived from satellite navigation applications and services increased by about 19.9% year-on-year, reaching 273.8 billion yuan, accounting for 67.89% of the total output value.

With the advent of the 5G era, it will promote the ubiquity of Beidou satellite navigation user terminals in various fields of the national economy, and the quality of its products will also become one of the important factors affecting the healthy development of China’s satellite navigation industry and the formation of the application market. At present, there are many kinds of Beidou user terminals, but there are still a series of problems such as incomplete testing and errors in function, performance and reliability.

Therefore, it has become a widespread consensus and urgent demand to conduct accurate, comprehensive and standardized performance tests on Beidou satellite navigation products to ensure that their performance meets the corresponding technical specifications and the system can operate normally, reliably and stably. This will put forward higher requirements for the technical end and service end of wireless communication test equipment, and will also bring broader market demand for the wireless communication test equipment industry.

(III) Information on key enterprises in the industry

The global market pattern of wireless communication test equipment is relatively concentrated, and most of the products and important technologies are in the hands of several foreign giant manufacturers, mainly Germany Technology, Rhodes and Schwartz. The competitiveness of domestic manufacturers is slightly weak, and foreign brands occupy the overwhelming share in the China market.

However, with the increasing attention and support to the wireless communication and RF microwave test instrument industry in China, the technical level of domestic enterprises has been continuously improved, and the advantages of domestic equipment in product cost performance and after-sales service have gradually emerged. With the support of domestic substitution import policy, a number of industry leaders have gradually emerged in various segments of wireless communication test equipment in China.

1, the United States is German technology.

The United States is a leading communication testing company in the world, with more than 75 years of professional technical experience as a market leader and about 13,900 employees. The annual income is 4.941 billion US dollars, and customers are spread over more than 100 countries and regions, focusing on the field of testing and measurement.

2. Rod and Schwartz

Germany Roeder & Schwartz is a company specializing in the field of testing and measurement. It was founded more than 85 years ago, and the number of employees around the world reached about 13,000. The net income in the latest fiscal year was 2.437 billion US dollars, and it has sales and service networks in more than 70 countries/regions around the world. Provide advanced solutions in testing and measurement, secure communication, network and network security, radio, television and media.

3. CLP Koster

Zhongdian Kesiyi Technology Co., Ltd. (hereinafter referred to as "Electric Kesiyi") is the first secondary unit joint-stock company of China Electric Power Group, which is mainly engaged in the research, development and mass production of microwave/millimeter wave, photoelectric, communication, basic general measuring instruments, automatic test systems, microwave and millimeter wave components and other products. The electric instrument has been established for a long time and has strong personnel and technical strength. It is the main force of domestic electronic measuring instruments.

Corporate Social Responsibility Chuangyuan Information Department always puts social responsibility in the important position of the company’s development and strives to fulfill its social responsibility as an enterprise. Following the core values of people-oriented, and vigorously practicing management innovation and scientific and technological innovation, the company actively undertakes social responsibilities, supports regional economic development and social sharing of enterprise development achievements.

Chuangyuan Xinke invested and donated to build "Chuangyuan Xinxing Hope Primary School" in Sanyuan County, Shaanxi Province. In Taibai County, Shaanxi Province, he has donated seven love bridges; For many years, we have set up "Chuangyuan Microwave Scholarship" in Southeast University. Chuangyuanxinke always pays attention to environmental protection, safe production, energy consumption and comprehensive utilization of resources in the process of enterprise development, and abides by the requirements of national environmental protection-related laws and regulations. The company has passed ISO9001 quality management system, ISO14001 environmental management system certification, ISO45001 occupational health and safety management system, ISO27001 information security management system and ISO2000-1 information technology service management system.

In the R&D and production of the company, there will be no production wastewater, waste gas, dust, electromagnetic radiation and other pollution, and the ecological environment will not be damaged. Hazardous wastes eliminated and scrapped in the R&D and production process will be classified and collected, and will be recycled by qualified professional disposal units.

III. During the reporting period, the Company continued to fulfill its social responsibilities as an enterprise, mainly completing the following tasks:

(1) Chuangyuan Microwave Scholarship Issuance

Chuangyuan Information Department started to set up the Chuangyuan Microwave Scholarship in Southeast University in 2012, which has been going on for 10 years, and awards outstanding master students and doctoral students from the State Key Laboratory of Millimeter Wave of Southeast University every year. In 2022, Chuangyuan Microwave Scholarship awarded a total of 24 outstanding master and doctoral students. Chuangyuan Information Department hopes that more outstanding students can devote themselves to scientific research and academic innovation and help social development by setting up scholarships.

(2) United as one, fighting the epidemic with one heart.

Since March, the epidemic situation of COVID-19 in Shanghai has become more and more severe, affecting the hearts of 1.4 billion people across the country. No one can stay out of this battle against the epidemic. Shanghai, a mega-city, is under unprecedented pressure. There is a shortage of local medical materials, living materials and epidemic prevention personnel. The medical staff and local people who fought in the front line all night are in urgent need of help. Donations from all walks of life continue to support Shanghai. Chuangyuan Xinke responded quickly, highlighted corporate social responsibility at the critical moment, and contributed to this battle in its own way to help the epidemic prevention and control.

In order to alleviate the shortage of medical materials, the company donated 4,000 sets of medical protective clothing with a total value of 156,000 yuan to the people’s government of Sijing Town and donated 300,000 yuan to Shanghai Charity Foundation to help prevent and control the epidemic. During the lock-up period, the company sent employees to participate in volunteer motorcades and distributed love protection materials for the elderly. More than a dozen employees volunteered to join the community volunteer team; In addition, the G60 Science and Technology Corridor 5G industrial base operated and managed by the company ensures operation and services. The person in charge of the base has been sticking to the park since March 27th to ensure the normal business activities of the enterprises that have basically settled in. There was no infection case during the epidemic prevention and control period. Since the outbreak of the epidemic in 2020, the company publicly put forward the promise of "no layoffs and no pay cuts" for the first time, and organized external institutions to visit nucleic acids many times. During this round of epidemic control, the company purchased vegetables and other living materials for distribution by itself, and shouldered the social responsibility and responsibility that a listed company should bear.

Iv. risks faced by the company and countermeasures

(A) the risk of intensified market competition

The wireless communication test instrument industry has long been monopolized by foreign giants, especially the high-tech products are mainly controlled by internationally renowned enterprises in Europe, America, Japan and other countries and regions. In recent years, with China’s increasing attention and support to the wireless communication test instrument industry, the technical level of the industry has been continuously improved, and the advantages of domestic equipment in product cost performance, after-sales service and geography have gradually emerged. The gradual rise of domestic industries may attract the attention of foreign competitors and intensify market competition. At the same time, with the rapid growth of the market demand for wireless communication test instruments in China, more domestic companies will be attracted to join the competition in this industry. If the company can’t carefully grasp the market trends and development trends of the industry, and can’t carry out technological innovation and business model innovation in time according to the technological development and customer demand, there is a risk that the business will be adversely affected by the weakening of competitive advantage.

Countermeasures: Wireless communication test equipment industry is a typical knowledge and technology-intensive industry, and the factors such as technology, capital, talents and industry standard formulation lead to high barriers to entry. Chuangyuanxinke has been deeply involved in this field for many years, and has a good accumulation of technology, capital and market. With the help of China’s leading position in the fifth generation mobile communication technology, it has actively deployed 5G/6G and millimeter wave, semiconductor testing, satellite communication, car networking and other fields; While doing a good job in expanding the domestic market, we will continue to expand overseas markets and strive to build a market-oriented marketing team; Continue to increase R&D investment in core technologies such as RF microwave, signal processing, basic algorithms and customized RF chips, make full use of the accumulation of cutting-edge technologies of major national projects, closely strengthen the integration with Industry-University-Research of research institutes such as Southeast University, establish joint research platforms with more universities, focus on customer pain points, and rely on innovation centers to jointly develop better application solutions with customers. In the field of wireless mobile communication test technology, with the development of 5G/6G and the Internet of Things, the company can overtake in corners and gain a place for the country in the global communication test instrument market competition.

(B) the risk of brain drain

As a high-tech enterprise in the field of wireless communication and RF microwave testing, the management and other core personnel of the company are mostly senior experts with complex knowledge. They not only have rich industry knowledge, master relevant professional technology, and are proficient in the performance of various instruments and meters, but also have good management experience and business risk management experience, which can ensure the smooth progress and sustained and steady development of various businesses of the company. With the intensification of industry competition and talent competition, it will bring some pressure on the company to retain the above-mentioned core personnel. If the company cannot maintain a good incentive system and team work environment, the loss of the above-mentioned core personnel will adversely affect the company’s business development.

Countermeasures: implement the company’s achievement sharing mechanism, and ensure that employees can share the achievements of the company’s rapid development through a series of incentive measures such as option schemes. The Company has implemented equity incentive twice, with a total of 113 incentive targets, accounting for 43.96% of the total employees at the end of the reporting period, and 6,307,300 shares were encouraged, accounting for 4.42% of the total share capital at the end of the reporting period. The company will use various incentive mechanisms to fully mobilize the enthusiasm and creativity of talents, especially core technical talents, create a good corporate culture, enhance the cohesion of the company and increase the sense of belonging of employees; Establish and improve the talent reserve mechanism, provide employees with more learning and training opportunities, establish a set of future-oriented training plans, provide employees with growth opportunities and development space, and fund employees to study for doctoral degrees in Southeast University; Stimulate the maximum "potential" of employees, while avoiding the phenomenon of "ceiling" of talents and increasing the overall development space of employees; Establish a good and perfect employment mechanism, and use legal means such as Labor Law and Anti-Unfair Competition Law to protect the legitimate rights and interests of the company.

(C) Technology R&D and product development risks

The wireless communication and RF microwave test industries are technology-intensive industries. With the rapid iteration of communication technology, increasing application scenarios and highly complicated communication equipment, the requirements for the test capability of communication test instruments and meters have been further improved. The company’s R&D mode is a combination of independent R&D and undertaking external scientific research projects. If the company’s R&D is not forward-looking, it fails to make a correct judgment on the market development trend and the experience and technology accumulated by external scientific research projects cannot be applied to the company’s products, it may lead to the technology R&D achievements not being recognized by the market and have a certain impact on the company’s operating performance.

Countermeasures: While insisting on independent research and development, the company will jointly track cutting-edge technologies with universities and leading enterprises with strong scientific research and technology accumulation in the fields of wireless communication and satellite navigation; By undertaking major national science and technology projects, we will continue to strengthen technology accumulation. At present, the Dongda-Chuangyuan Electronic Measurement Technology Research Center jointly established by the company and Southeast University has entered the third phase (microwave, millimeter wave, terahertz and communication test and measurement technology and instrument research and development); Establish an advanced satellite navigation technology collaborative innovation technology center with a famous university in China to track and study Beidou navigation related testing technology; In conjunction with Shanghai Institute of Advanced Studies, Chinese Academy of Sciences, the project "Prototype Testing and Verification of 6G Basic Chip for New Network" was undertaken, and 6G network testing technology was laid out.

(D) The risk that key core devices depend on imports.

The key core devices of wireless communication and RF microwave test instruments, such as high-end chips, rely heavily on imports. Some key core devices of the company’s equipment are dependent on foreign brands. If the above-mentioned key core devices are affected by factors such as trade prohibition and control in exporting countries, the company can’t purchase them in time as needed, which will adversely affect the company’s production and operation.

Countermeasures: At present, the key core devices mainly purchased by the company are general commercial products, and the management of supply chain will be strengthened. By selecting multiple suppliers, the risk of relying on centralized procurement will be dispersed, and at the same time, the production demand of the company will be guaranteed by establishing safety inventory; On the other hand, the company is also actively improving product technical solutions, increasing investment in millimeter-wave chip customization, and reducing the risk of relying on imports for key core devices; At present, we have established cooperative relations with many domestic core device suppliers to realize localization of some core chips, which not only solves the problem of neck sticking, but also reduces the product cost. In the future, the company will actively explore more cooperation with domestic enterprises.

(E) Risk of government subsidies

Most of the government subsidies of the company come from the funds for scientific research projects. If the company uses the funds for scientific research projects irregularly, there may be the risk of returning the special funds for scientific research and being punished, which will adversely affect the company’s production and operation.

Countermeasures: In view of the rational use of scientific research funds, the company has formulated a series of management measures and rules and regulations, such as "Measures for the Administration of Major Special Funds and Budget Implementation", and the capital expenditure is approved and used in strict accordance with the requirements, thus ensuring the smooth implementation of the project budget and ensuring the standardized and orderly use of scientific research funds.

(six) the risk of failing to obtain the qualification of qualified suppliers in time

The company has not yet obtained the qualification of qualified suppliers of Huawei and TSMC, and mainly sells test instruments and related equipment to Huawei and TSMC through its controlling shareholder Chuangyuan Electronics. The controlling shareholder and actual controller of the company have issued the Letter of Commitment on Avoiding Horizontal Competition and the Letter of Commitment on Regulating and Reducing Related Party Transactions. Chuangyuan Electronics is engaged in the business of selling test instruments and related equipment to Huawei and TSMC, all of which are purchased from the company at the same purchase price as the sales price. If the company obtains the certification of qualified suppliers from Huawei and TSMC in the future, Chuangyuan Electronics will no longer sign new contracts with Huawei and TSMC, and will immediately change its business scope, in addition to continuing to fulfill the signed contracts. To sum up, the company has not obtained the qualifications of qualified suppliers from Huawei and TSMC, which has not caused any significant adverse impact on the company’s current business development, and the testing related products have been recognized by customers. However, if the company fails to obtain the qualifications of qualified suppliers in time or the access conditions of qualified suppliers change, it will have an adverse impact on the company’s future business development and operating performance.

Countermeasures: The company is actively communicating with Huawei and TSMC to apply for qualified supplier qualification.