Deeply understand the scientific connotation and logic of the party’s leadership system

  The party’s leadership system is the fundamental leadership system in China. The Fourth Plenary Session of the 19th CPC Central Committee focused on "upholding and improving the Party’s leadership system, improving the Party’s scientific, democratic and legal governance", and clearly put forward six requirements, namely, establishing the system of Do not forget your initiative mind, keeping in mind the mission, improving the systems of firmly safeguarding the authority of the CPC Central Committee and centralized and unified leadership, improving the Party’s overall leadership system, improving the systems of governing for the people and relying on the people, improving the system of improving the Party’s ruling ability and leadership level, and improving the system of comprehensively and strictly administering the Party. These six specific systems not only have their own specific rich connotations, but also are interrelated and complementary to each other. They are closely woven from the aspects of ideological basis, system guarantee, coverage, value orientation, capacity support and self-revolution. Only by understanding its scientific connotation as a whole and grasping its internal logic can we continuously improve the comprehensive effect in practice, thus giving full play to the greatest advantage of the party’s leadership and continuously promoting the modernization of the national governance system and governance capacity.

  Lay the ideological foundation

  Establishing the system of Do not forget your initiative mind and keeping in mind the mission is conducive to promoting the whole party to abide by the party’s nature, purpose, ideals, beliefs and goals, and laying an ideological foundation for upholding and improving the party’s leadership.

  It is our party’s distinctive feature and glorious tradition to pay attention to building the party ideologically and strengthening the party theoretically. The initial intention and mission of seeking happiness for the people of China and rejuvenation for the Chinese nation embodies the Communist Party of China (CPC)’s nature, purpose, ideals, beliefs and goals, and is based on Marxist scientific theory. Only by persisting in building the Party with ideology and strengthening the Party with theory can Do not forget your initiative mind be more conscious and take on a more firm mission. At present, our party has gone through the course of nearly a hundred years. Under the long-term ruling condition of the Party, various factors weaken the Party’s advanced nature and damage the Party’s purity all the time, and all kinds of dangers that violate the initial intention and mission and shake the Party’s foundation are everywhere. The outstanding problems existing in the Party, such as impure thoughts, impure politics, impure organization and impure style of work, have not been fundamentally solved. Only by establishing the system of Do not forget your initiative mind and keeping in mind the mission, persisting in building the Party with thought and strengthening the Party with theory, arming the mind with the Party’s innovative theory, and taking Do not forget your initiative mind and keeping in mind the mission as the eternal task of strengthening Party building and the lifelong task of all party member and cadres, can we further consolidate the Party’s leading position and ruling foundation, so that our Party will always be supported and supported by the people and write about the great achievements of the Chinese nation.

  Build a strong institutional guarantee

  Perfecting various systems that firmly safeguard the authority of the CPC Central Committee and centralize and unify leadership is conducive to promoting the effective implementation of the party’s leadership in all work and building a solid institutional guarantee for upholding and improving the party’s leadership.

  The key to upholding the party’s leadership is to uphold the authority of the Party Central Committee and centralize and unify leadership, which is the highest principle of the party’s leadership. In the big chess game of the national governance system, the CPC Central Committee is the "handsome" in the military account. Only by upholding the authority of the CPC Central Committee and centralized and unified leadership can we ensure that the CPC Central Committee plays a leading role of "handsome". Throughout the development of the party in the past century, it can be seen that when the whole party firmly safeguards the authority of the CPC Central Committee and centralizes and unifies leadership, the party’s cause will continue to win; Without the authority of the CPC Central Committee and centralized and unified leadership, the party’s leadership will inevitably weaken and the party’s cause will inevitably suffer setbacks. The sharp contrast between "the rule of China" and "the chaos in the West" highlighted in the answers to the COVID-19 epidemic exam shows that upholding the authority of the CPC Central Committee and centralized and unified leadership cannot be vague and unshakable at any time and under any circumstances. Firmly safeguarding the authority of the CPC Central Committee and centralizing and unifying leadership requires both a high degree of consciousness of the whole party and a sound and perfect system as a guarantee. By perfecting the system of implementing the "two maintenances", improving the leadership system of the CPC Central Committee for major work, improving the mechanism of promoting the implementation of major decisions of the CPC Central Committee, strictly implementing the system of asking for instructions and reporting from the CPC Central Committee, and improving the centralized and unified organizational system for safeguarding the party, we can ensure the smooth implementation of the party Central Committee’s decrees and decisions, and ensure that the whole party is United and in step. This provides a strong institutional guarantee for better playing the core role of the party’s leadership.

  Clear coverage

  Perfecting the party’s overall leadership system is conducive to ensuring that the party always takes the overall situation and coordinates all parties, and defines the coverage for upholding and improving the party’s leadership.

  The General Secretary of the Supreme Leader pointed out that "the leadership of the Party must be comprehensive, systematic and holistic, and must be reflected in economic construction, political construction, cultural construction, social construction, ecological civilization construction, national defense forces, reunification of the motherland, diplomatic work, party building and other aspects. Which field, which aspect and which link are missing and weakened will weaken the party’s strength and damage the cause of the party and the state. " This shows that the party’s leadership must be embodied in all aspects of governing the country and the activities of various organizations at all levels. In view of the weakening of the party’s leadership in some fields to varying degrees, we need to ensure the full coverage of the party’s leadership from the system. Improve the party’s overall leadership system, improve the working system of party committees (party groups) at all levels, improve the specific system of party leadership in various undertakings and the functional system of party and state institutions by improving the systems of party leaders, governments, CPPCC, supervisory organs, judicial organs, procuratorial organs, armed forces, people’s organizations, enterprises and institutions, grassroots mass autonomous organizations and social organizations. So as to ensure that the party plays a leading role in various organizations, implement the party’s leadership in promoting the overall layout of the "five in one" and coordinating the promotion of the "four comprehensive" strategic layout, and implement it throughout the whole process of the party and all state institutions performing their duties.

  Indicate the value orientation

  Perfecting various systems of governing for the people and relying on the people is conducive to consolidating the class foundation and mass foundation of the party’s governance and pointing out the value orientation for upholding and improving the party’s leadership.

  Who is in power and who is in power is a problem that any ruling party must face, and it is also the touchstone to judge whether a political party is a Marxist political party. Our party has always maintained flesh-and-blood ties with the people, insisting on doing everything for the people and relying on them to govern the country. Whether ruling for the people or relying on the people, its focus is always around the "people", reflecting the people-centered value orientation. Governing for the people and relying on the people is not an empty slogan, but has concrete and practical content, which requires our party to actively practice in the process of governing and make scientific arrangements from the system. By improving the system of party member and cadres contacting the masses, innovating the mass work mechanism in the Internet era, and improving the mass work system with extensive contacts and serving the masses, the systems of governing for the people and relying on the people will be gradually improved and organically unified to ensure the people’s dominant position in state governance, which is of great significance for continuously consolidating the class foundation of the party’s governance and planting the mass foundation of governance.

  Provide capacity support

  Perfecting the system of improving the party’s ruling ability and leadership level is conducive to adapting to the new era and new requirements and providing capacity support for upholding and improving the party’s leadership.

  The key to China’s success lies in the Party. At present, the domestic and international environment has undergone profound changes, and the task of comprehensively deepening reform is arduous. The party’s ruling ability and leadership level directly determine and affect the ability and effectiveness of governing the country. The General Secretary of the Supreme Leader clearly pointed out that "our Party should be politically competent as well as technically competent". The purpose of perfecting the system of improving the party’s ruling ability and leadership level is to organically unify the construction of the party’s long-term ruling ability with the improvement of the national governance level, and improve the party’s ability to take the direction, seek the overall situation, formulate policies and promote reform by adhering to democratic centralism, perfecting the relevant system of developing inner-party democracy and implementing correct centralization; By improving the decision-making mechanism, the level of scientific decision-making, democratic decision-making and legal decision-making of leading bodies at all levels will be enhanced; Enhance the political function and organizational power of party organizations at all levels by improving the party’s leadership and governance style; By improving the incentive mechanism of taking responsibility, we can improve the ruling ability and ability of leading cadres at all levels and make the party’s leadership more suitable for the requirements of practice, the times and the people.

  Promote self-revolution.

  Perfecting the system of strictly administering the Party in an all-round way is conducive to continuously promoting the Party’s self-revolution and ensuring that the Party will always be the strong leadership core of Socialism with Chinese characteristics’s cause.

  Our party must always be the pioneer of the times and the backbone of the nation, and always be the ruling party of Marxism, and it must always be excellent. The General Secretary of the Supreme Leader pointed out: "If the Party is poorly managed and lax, and the outstanding problems within the Party that are strongly reflected by the people are not solved, then our Party will lose its ruling qualification sooner or later and will inevitably be eliminated by history." Therefore, to strengthen the party’s leadership, we must be strict with the word, put strict requirements through the whole process of managing the party and the party, and constantly promote the comprehensive and strict development of the party. To promote the comprehensive and strict administration of the party, we must not only solve ideological problems, but also rely on systems. The purpose of perfecting the system of strictly administering the Party in an all-round way is to persist in administering the Party according to regulations, improve the system of managing cadres, selecting talents and appointing people, and improve and implement the responsibility system of strictly administering the Party in an all-round way, so as to carry out the great self-revolution of strictly administering the Party in an all-round way to the end, continuously enhance the Party’s creativity, cohesion and combat effectiveness, and continuously improve the Party’s level of governing the country.

  (This article Source: Economic Daily Author: Yu Kun is a researcher at the Central Socialism with Chinese characteristics Theoretical System Research Center of the Communist Youth League)

China’s private enterprise Huaxin Energy invested US$ 9.1 billion in Rosneft to become the third largest shareholder.

On September 8, China Huaxin Energy Co., Ltd., the largest private enterprise in Shanghai, acquired 14.16% of the shares of Rosneft, with an estimated contract value of about 9.1 billion US dollars. Upon completion of the acquisition, Huaxin became the third largest shareholder of Rosneft, second only to the Russian government (holding 50.00000001%) and BP (holding 19.75%).

According to the 8th news of CBN, Ye Jianyi, Chairman of China Huaxin Board of Directors, said, "We are very happy to be the strategic shareholder of the world’s largest listed oil company and to carry out comprehensive strategic cooperation with Rosneft. This cooperation has further consolidated and promoted China Huaxin’s position in the oil and gas field. China Huaxin looks forward to the in-depth cooperation with Rosneft, and will make great efforts to promote the joint cooperation between Rosneft and China market, so as to provide strong support for meeting China’s energy demand. I firmly believe that this transaction will inject new energy into the promotion of Sino-Russian economic and trade cooperation. "

On June 14th, Ye Jianyi, Chairman of China Huaxin Board of Directors, met with Igor Sechin, CEO of Russian oil company. /data map from the network

On the evening of September 8th, Beijing time, Glencore, a global commodity giant headquartered in Barr, Switzerland, announced that a consortium formed by it and Qatar Investment Authority had reached an agreement with CEFC of China, and the former transferred its 14.16% stake in Rosneft to China Huaxin.

According to the announcement, the price for China Huaxin to acquire the equity of Rosneft is 16% higher than the average price of 30 days before September 8. According to the calculation of Rosneft’s total share capital, the 14.16% equity acquired by Huaxin accounts for about 1.502 billion shares, and the average share price before September 8 and 30 is about 5.13 USD. Based on this calculation, Huaxin’s purchase price is about $9.1 billion.

The announcement also shows that the transaction is still subject to regulatory review.

It is reported that this transaction is the largest upstream transaction in the global oil industry since Shell Oil acquired British Gas Group (BG) in 2015. At the same time, it is also the second largest overseas oil and gas acquisition in the history of China’s oil industry, second only to China CNOOC’s acquisition of Nexen Company for US$ 15.1 billion in 2012.

Upon completion of this acquisition, China Huaxin will become the third largest shareholder of Rosneft, second only to the Russian government (holding 50.000000001% through JSC ROSNEFTEGAZ) and BP (holding 19.75%).

Click to view larger image.

Glencore official website Announcement

Rosneft is the largest oil company in Russia and the largest listed company in the global oil and gas industry. Its business covers 35 countries and regions including North America, Brazil, Vietnam, Venezuela and Mozambique, and its oil and gas equivalent output reached 265 million tons in 2016. This means that Huaxin will acquire the oil rights and interests of 42 million tons of oil and gas reserves every year with a total amount of 2.67 billion tons, ranking among the largest oil companies in the world, and will become a new important link between Russian oil and China market.

Earlier, according to the Securities Times reported on the 7th, the day before the official announcement of the acquisition, the market has heard the news that Huaxin shares in Rosneft. At that time, relevant persons of Huaxin Group told the newspaper that the company had held several talks with Rosneft and signed a strategic cooperation contract, and relevant information had been released in official website. However, regarding whether or not to take a stake in Rosneft, it only responded that there is no new information to disclose at present.

According to Huaxin Energy official website and Russian oil company official website, there have been frequent interactions between the two sides in recent months.

On June 14th, Ye Jianyi, Chairman of Huaxin Board of Directors, met with Igor Sechin, CEO of Rosneft in Moscow. The two sides reached broad consensus on mutually beneficial and win-win comprehensive strategic cooperation in the fields of oil and gas resources development, crude oil and refined oil trade and financial services, and agreed to set up a joint working group to promote bilateral cooperation as soon as possible to achieve substantive results and sign relevant cooperation agreements.

On July 4th, Rosneft said that it signed a strategic cooperation agreement with China Huaxin and reached an agreement to consider establishing a vertically integrated joint venture company in Russia to carry out oil and gas projects and establish a joint investment fund.

On August 12th, Igor Sechin led a delegation to visit Huaxin Headquarters in China, and the two sides signed a strategic cooperation framework agreement. The energy and financial teams of the two sides also held further discussions and consultations on the projects involved in the agreement, and determined specific investment projects and plans.

On September 3rd, Rosneft and Huaxin signed a strategic cooperation agreement, which will start oil and gas exploration and development cooperation in Siberia. Xie Qin said, "The signing of this common agreement is a complete demonstration of Russian oil strategy. The primary strategy of Russian oil is to strengthen relations with Asia-Pacific countries, especially China."

In addition, on August 28th this year, Zang Jianjun, executive director of China Huaxin, attended the opening ceremony of the 2017 World Judo Championships in Budapest, Hungary. During this period, Zang Jianjun was received by Russian President and Honorary President of the International Judo Federation Putin. It is reported that Putin is concerned about China Huaxin’s investment cooperation in Russia, and expressed support for China Huaxin.

In addition to active cooperation with Rosneft, China Huaxin is also actively seeking cooperation with another famous Russian enterprise, Russian Basic Elements Group. The Russian Basic Elements Group is the second largest consortium in Russia and one of the largest diversified industrial groups in the country, and its business involves energy, finance, mining and manufacturing. Since the second half of this year, the two companies have conducted many exchanges and reached a consensus on long-term strategic cooperation.

Huaxin has repeatedly shot in the oil and gas field.

Ye Jianyi, Chairman of the Board of Directors of China Huaxin once said, "The vision of China Huaxin is very simple, that is, to obtain overseas resources and serve the national strategy." It is reported that Huaxin Energy is the largest non-state-owned energy company in China, and its revenue in 2015 is close to two-thirds of CNOOC’s.

Click to view larger image.

Ye Jianyi, Chairman of the Board of Directors of China Huaxin/Data Map from the Internet

According to media analysis, unlike most upstarts in China who are competing to "go global", Huaxin always focuses on the oil and gas field.

According to public information, based in Europe, Huaxin has laid out oil and gas terminals, acquired Kazakhstan National Oil International Company, owned a large refinery with the latest equipment in Romania, owned more than 1,000 gas stations and hundreds of oil depot transfer stations in countries around the Mediterranean Sea and the Black Sea, such as France, Spain and Romania, and has formed a large-scale oil and gas terminal integrating refining, processing, storage, transportation and sales in Europe.

In addition, in line with the "Belt and Road Initiative", Huaxin set up its second headquarters in Georgia to integrate upstream oil and gas rights and interests through the establishment of funds and asset securitization, ensure stable oil and gas supply, and continuously expand upstream oil and gas resources rights and interests in Abu Dhabi, Chad, Kazakhstan, Russia and Iran. Layout key oil and gas logistics nodes outside China, build a diversified energy storage and transportation system at home and abroad, establish a swap mechanism for oil reserves in Europe, the Middle East and China, and realize linkage between domestic and international markets.

For example, on February 20th this year, Huaxin signed an agreement with the Abu Dhabi government and Abu Dhabi National Oil Company (ADNOC) to acquire 4% interest in the land concession contract block in Abu Dhabi, with a contract period of 40 years and an investment of US$ 1.8 billion, including an entry fee of US$ 888 million.

According to the China Energy News on September 9th, the enthusiasm of China enterprises in the "Belt and Road" construction continues to rise, and the influence of private enterprises cannot be ignored. According to the big data analysis of the National Information Center, among the top 50 enterprises in China, central enterprises account for 36%, local state-owned enterprises account for 20%, private enterprises account for 42%, and joint ventures account for 2%. Among them, Huaxin is particularly eye-catching because of its rapid development speed and achievements. This year, Huaxin ranked 222nd in the Fortune Global 500 list with an operating income of US$ 43.7 billion, up seven places from last year. This is the fourth consecutive year that the company has been included in the Fortune Global 500 list. What is the order of magnitude of 222 bits? Ranked 216th on the list is China Merchants Bank, and ranked 226th is Lenovo Group.

In fact, in addition to the energy field, the company also quickly obtained a series of "full licenses" for financial business, including banking, securities, insurance, trust and so on. However, Ye Jian, the head of Huaxin, is extremely low-key and mysterious. As Huaxin received more and more attention from the outside world, Ye Jianyi was interviewed by Fortune magazine last year, telling the internal structure, concept and strategy of Huaxin Company. It is reported that Huaxin, with the approval of Shanghai Municipal Committee and Shanghai Social Work Committee, established the CPC Huaxin Party Committee, Discipline Inspection Commission, Trade Union and Youth League Committee, making efforts to create an integrated work pattern of "Party, Discipline, Industry and Youth League", forming an overall joint force and enhancing the internal cohesion of enterprises.

Boyfriend rental market during the Spring Festival: the daily rent exceeds 1,000 yuan, and the man claims to be a green rental.

  BEIJING, Beijing, January 18 (Lv Chunrong) "Every festival is urged to get married". As the Spring Festival approaches, many single young people are beginning to worry again. Therefore, renting an object to go home for the New Year has become a helpless choice for some singles. According to a survey conducted by a reporter from Zhongxin. com (WeChat WeChat official account: cns2012), after renting a girlfriend, in recent years, there has also been a phenomenon of renting a boyfriend, with the daily rent exceeding 1,000 yuan.

  The picture shows the rental information of a "rental man"

  Spring FestivalBoyfriend rental market: the daily rent exceeds 1,000 yuan.

  Recently, some media reported that in order to avoid forced marriage, many people rented their girlfriends to go home for the New Year, and the asking price for two days and one night reached two to three thousand yuan, which also aroused public concern.

  Some men are also eyeing the business opportunity of "renting friends during the Spring Festival" and starting their own business. The reporter noticed that in a qq group of thousands of renters, many men posted personal Spring Festival rental information, including basic information such as height, weight, education and rental location. In addition, they also stated "service content", such as "coping with forced marriage of parents and relatives".

  In this regard, the reporter asked several "rental men" and found that their asking prices are not low, and their daily rents are above 1000 yuan. According to this group of administrators, in normal times, the daily rent for renting a boyfriend is from 600 yuan to 1000 yuan. However, as the Chinese New Year approaches, the price of renting a boyfriend will be more expensive, and the daily rent is generally from 1000 yuan to 1,500 yuan.

  The above-mentioned administrator also added, "The external demand for men is relatively high, so the price of renting a boyfriend during the Spring Festival will be higher than that of renting a girlfriend."

  It is worth noting that in addition to the rent, the woman also needs to pay the ticket and other related expenses, such as going out to eat and play.

  The picture shows the lease-friend agreement.

  The "rental man" calls himself a green rental and needs to sign an agreement.

  So, is it easy for a woman to rent a boyfriend? Guo Yi, a "rental man" and a post-85 Hubei guy, told reporters that he had several rental experiences. According to experience, the difficulty of renting depends on the woman’s requirements, such as education, work and appearance. If it meets the standards, the two parties will sign a friend-renting agreement, and then the woman will pay the deposit in advance according to the agreement.

  It is understood that in order to prevent the gang from being hired, the two sides will first understand each other’s information to deal with various forms of forced marriage. Guo Yi said, "My acting skills are not bad, and I have never worn a gang."

  How can two people sleep at night? Guo Yi said that he is a "green rental" and sleeps in different rooms. However, you generally don’t have to worry about this problem yourself. When you go to the woman, the other parents will arrange for two people to sleep in separate rooms.

  When talking about why renting, Guo Yi said that he had just passed the judicial examination and was currently working in a law firm. His income was not high, so he wanted to make some money during the Spring Festival.

  Many information posted by "rental men" all indicate "green rental", and the tension of Fujian boys after 90 is no exception. He told reporters that last month, he just received an order, not only implementing "green rental", but also sleeping in separate rooms. At the same time, for safety, the two sides also signed an agreement.

  Now, Zhang Li is waiting for the order of renting friends for the Spring Festival. He said, "During the Spring Festival, I was a little short of money and didn’t want to go home. And I don’t have a girlfriend yet, and I’m afraid I’ll be urged to go home. Therefore, I hope that the Spring Festival can be rented out and can also be regarded as a tour. "

  The picture shows the rental information of a renter website.

  The phenomenon of renting friends is mainly due to forced marriage?

  Behind the phenomenon of "renting friends" is mainly due to parents urging marriage? In this regard, some commentators pointed out that it is undeniable that every Spring Festival, some older young men and women are urged to get married by their families. On the one hand, they deeply appreciate the expectations of their families. On the other hand, it is difficult for them to find a suitable partner in a short time for various reasons.

  The above comments said, "It is precisely because of this contradiction that we should communicate frankly with our families, instead of passively escaping by deception. Because of feelings, there can be no falsehood. Renting a girlfriend or a boyfriend is a kind of deception to parents. It can only make the family happy for a while, and it is not a long-term solution. "

  Earlier, Zhou Xiaopeng, the chief expert on marriage and love of Lily.com, analyzed in an interview with Zhongxin.com that renting friends reflected the escape psychology of some single young people when they encountered emotional problems in marriage and love. Choosing "renting friends" is essentially an emotional escape behavior.

  Lawyers said that "renting friends to go home" has legal risks.

  Whether renting a girlfriend or a boyfriend, what everyone wants to know is, is it risky to rent a friend to go home?

  Li Hongzhao, deputy secretary-general of the Criminal Law Professional Committee of the Beijing Lawyers Association, said in an interview with Zhongxin.com that there is no clear prohibition in the law on renting a boyfriend or a girlfriend. As long as both parties abide by the law and perform their own actions as agreed, such as paying remuneration according to the contract and respecting the privacy of the other party, such a contract is understandable.

  "But this kind of behavior has certain risks, and it may also violate the law." Li Hongzhao said that on the one hand, the two parties are different from ordinary friends, and it is difficult to define the boundary between reasonable intimacy and infringement in the process of fulfilling the agreement, which often leads to the occurrence of induced sexual assault. Therefore, if an individual has other intentions, it is likely to cause rape and obscene crimes.

  On the other hand, it is not excluded that individual intermediaries or personnel cover up sexual services and prostitution in this form. This situation often violates the law, which may not only violate the Public Security Administration Punishment Law, but may even constitute crimes such as introducing prostitution. (At the request of the interviewee, some characters in the text are pseudonyms) (End)

Answering the new topics of the times in a timely and scientific way —— Deepening the regular understanding of the Party’s theoretical innovation ③.

  Under the background of the accelerated evolution and deep interaction of the "two overall situations", the new questions posed by China’s question, the question of the world, the question of the people and the question of the times are more complicated and more difficult than in the past, and we urgently need to submit answers from the combination of theory and practice.

  "Look at how the villagers live after getting rid of poverty, what difficulties are there, and how to revitalize the countryside." On the first inspection trip after the victory of the 20th National Congress of the Communist Party of China, General Secretary of the Supreme Leader walked into the orchard of Nangou Village, Gao Qiao Town, Ansai District, Yan ‘an City, Shaanxi Province. After poverty alleviation, we will comprehensively promote rural revitalization, promote the common prosperity of all people after a comprehensive well-off society, and spread the picture of a better life in a broader space and time. This brings profound enlightenment: the examination papers of the times are always new, and it is urgent for us to be brave in combining new practices and constantly promote theoretical innovation, and be good at guiding new practices with new theories.

  Thought is the forerunner of action, and theory is the guide of practice. The value of scientific theory lies in answering the topics of the times and promoting the development of practice. Not long ago, the Political Bureau of the Communist Party of China (CPC) Central Committee conducted the sixth collective study on opening up a new realm of Marxism’s China modernization. When presiding over the study, the General Secretary of the Supreme Leader pointed out that "it is necessary to scientifically answer the new topics of the times in time" and stressed that "we should promote theoretical innovation on the basis of practice, rather than sitting in an ivory tower, and we must persist in discovering truth, developing truth, realizing truth and testing truth with practice".

  Time is the mother of thought and practice is the source of theory. The source of a theory can only be rich and vivid real life, and the driving force can only be the realistic requirement of solving social contradictions and problems. From "the countryside surrounded the city and seized power by armed forces" in the bonfire era, to "only socialism can save China" in the construction period, and then to "development is the last word" in the spring tide of reform … … Practice has fully proved that all epoch-making theories are products that meet the needs of the times. Enrich yourself by constantly absorbing all outstanding cultural achievements in human history, and improve yourself by responding to new topics and developing new challenges of the times. Marxism will never end the truth, but will constantly open up the road to truth.

  Since the new era, great changes have taken place in the world, in China and in the national rejuvenation. These unprecedented "big" factors have collided at high frequency and violently stirred up, and it is urgent to find an explanation and a method of governance. General Secretary of the Supreme Leader creatively put forward that "the most essential feature of Socialism with Chinese characteristics is the Communist Party of China (CPC)’s leadership, and the greatest advantage of Socialism with Chinese characteristics’s system is the Communist Party of China (CPC)’s leadership", emphasizing that "the development of the country and the nation should be based on its own strength, and the destiny of China’s development and progress should be firmly in its own hands", and clearly "stand on the right side of history and on the side of human civilization and progress" … … The CPC Central Committee with the Supreme Leader as the core insists on combining the basic principles of Marxism with the concrete reality of China and the excellent traditional Chinese culture, and applying dialectical materialism and historical materialism to correctly answer the major questions raised by the times and practice. Socialism with Chinese characteristics Thought, the supreme leader in the new era, was founded in the great practice of the new era, which realized the mutual promotion and common progress of theoretical innovation and practical innovation, and showed great truth power and practical power.

  Only a political party with scientific theory has the power of truth; Only the cause guided by scientific theory has a bright future. Stabilizing the economy, promoting development, fighting poverty, building a well-off society, controlling epidemics, resisting catastrophes, coping with emergencies, and defusing crises, the most fundamental reason why the Party and the state can achieve historic achievements and make historic changes in the new era lies in the fact that the General Secretary of the Supreme Leader is at the helm as the core of the CPC Central Committee and the whole party, and in the scientific guidance of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era. Truth can only be tested in practice, and truth can only be established in practice. History and reality have fully proved that the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era is the theoretical crystallization from the great practice of Socialism with Chinese characteristics in the new era, the ideological banner that guides people’s happiness, national rejuvenation and world harmony, and the spiritual soul that unites the people of China to forge ahead with one heart and one mind.

  There is no end to the development of practice, and there is no end to our understanding of truth and theoretical innovation. Under the background of the accelerated evolution and deep interaction of the "two overall situations", human society is facing many common problems that need to be solved urgently. China’s reform, development and stability, internal affairs, foreign affairs and national defense, and the administration of the party, country and army are also facing a series of new major issues. The new questions posed by China, the world, the people and the times are more complicated and more difficult than in the past, and we urgently need to submit answers from the combination of theory and practice.

  The more active social practice is, the more ideological and theoretical generate is. In the new era and new journey, we must firmly establish a great historical view, grasp the development context and correct direction of world history with a broader vision and a longer-term vision, recognize the big logical trend of China’s social development and human social development, grasp the historical evolution and practical requirements of Chinese modernization, and deepen the regular understanding of promoting high-quality development and building a new development pattern in the new round of scientific and technological changes, the global economic development pattern and the staged characteristics of China’s development. Deepen the regular understanding of the Party’s self-revolutionary strategic thought in the comparison of the fate of Marxist political parties in the world and the realistic test faced by our Party in its long-term governance, comprehensively and systematically put forward scientific ideas and effective countermeasures to solve practical problems, so that contemporary China Marxism and 21st century Marxism can show stronger and more convincing truth power.

  Advanced ideas always shine with extraordinary undertakings, and scientific theories always interact with great practice. At present, the theme education of studying and implementing the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era is being carried out in a solid way throughout the Party. Rooted in the fertile soil of Chinese culture, maintaining and carrying forward the theoretical character of Marxist political parties advancing with the times, and bravely promoting theoretical and institutional innovations based on practice, the century-old party is like a towering tree, with deep roots and vigorous vitality. Standing at a new historical starting point, answering the topic of the times with "China’s Theory" and promoting "China’s Rule" with "China’s System", the road of Chinese modernization will surely become wider and wider.

2022 International Integrated Circuit Exhibition and Seminar held 18 major projects in related industries in Nanjing this year.

  From August 16th to 17th, 2022 International Integrated Circuit Exhibition and Seminar was held in Nanjing International Expo Center. Cadence, ADI, Anmou Technology, Imagination and many other well-known international and local semiconductor suppliers and distributors participated in the exhibition to showcase their excellent solutions and products and share the resources of industrial supply chain.

  At the same time, the exhibition held two summit forums and three technical forums, and more than 100 well-known experts and entrepreneurs in the fields of electronics and applications at home and abroad attended and shared, focusing on the frontier topics of vertical industries, covering IC design, SoC design, carbon neutrality, MCU, EDA/IP, efficient power management and wide band gap semiconductor technology.

  For example, the Tenth Five-Year Plan period is the key period for China’s "peak carbon dioxide emissions Carbon Neutralization", which is a challenge and an opportunity for the electronics industry. The 2022 International Carbon Neutralization Electronic Industry Development Summit Forum was held on the morning of 16th, and experts from various fields in the semiconductor industry comprehensively analyzed the "carbon neutrality" policy and market, and empowered "carbon neutrality" from the perspective of semiconductor technology innovation. According to ADI, especially the renewable energy including wind energy and solar energy, building a clean, safe and efficient energy system is in urgent need of an energy storage system, while the energy storage system needs intelligent battery management chips to maximize the working efficiency of the energy storage system and get the best results. Their heavy product, high-precision 18-channel battery management chip, is aimed at the industrial power grid energy storage, standby battery system and high-power portable equipment market, and can measure up to 18 battery cells connected in series, with a total measurement error of less than 3.0mV. Sun Wenjian, CEO of this core technology, believes that as the core productivity of the digital economy, computing power has become the new focus of global strategic competition, and the construction of the next generation of green computing power is also an important part of achieving carbon neutrality. In the current mainstream CPU architecture, Arm architecture has the advantage of low power consumption, which is very consistent with the future development trend of green and low carbon. From the market point of view, the transformation curtain of Arm from low computing power to high performance computing is rapidly opening.

  The EDA/IP and IC Design Forum provides EDA tools and IP solutions for many enterprises involved in IC design. The MCU Technology and Application Forum will bring together technology and application experts in the field of microcontrollers to discuss hot topics such as the latest processor technology, edge AI, emerging applications and ecological development. The 2022 China IC Leaders Summit will be held on the morning of 17th. With the theme of "20 years, forge ahead", experts and business leaders in semiconductor industry will be invited to review the development of China semiconductor industry in the past 20 years with senior engineers, technical and supply chain professionals and business executives in China electronics and IC design industry, and discuss the development path of China semiconductor in the next decade.

  The reporter learned that in 2021, Nanjing’s integrated circuit industry chain continued to maintain rapid development, and 183 enterprises above designated size achieved a cumulative revenue of 47.525 billion yuan, a year-on-year increase of 17.7%. Among them, there are 155 IC design industries, 2 wafer manufacturing industries, 8 packaging and testing industries and 18 IC support industries. At present, Nanjing has formed a spatial layout of integrated circuit industry with Jiangbei New District as "one core", Jiangning Development Zone and Nanjing Economic Development Zone as "two wings", and Nanjing Software Valley, Xuzhuang Software Park and Qilin Science and Technology Park as "three bases". In the Plan of Major Projects for Economic and Social Development in Nanjing in 2022, the total planned investment of 420 major projects promoted in Nanjing this year reached 1.4682 trillion yuan, with an annual planned investment of 236.1 billion yuan. Among them, there are 18 projects involving semiconductors and integrated circuits with a total investment of about 36.711 billion yuan.

  (Source: Jiangsu News Broadcasting/Ding Fengyun Editor/Wang Ze)

Progress has been made in the study of single cell Raman tracing the evolution track of bacterial resistance in urban environment institute

  The frequent emergence of antibiotic resistance challenges modern medicine. It is very important to discuss the evolution of resistance to curb its global spread. The evolution of resistance involves a highly complex phenotypic heterogeneous response. Under the treatment of antibiotics, a small number of antibiotic-tolerant cell subsets will appear in the microbial flora with identical genes. The surviving subgroup can’t grow in the presence of antibiotics, but it can grow again after removing antibiotics, resulting in long-term recurrent infection, which is also the key reservoir for subsequent mutation of resistance genes. However, due to the complex heterogeneous response and stagnant growth of tolerance subgroups, it is still a challenge to identify tolerance subgroups from a large number of bacterial populations and track their physiological evolution trajectory. 
  Recently, the team of Academician Zhu Yongguan from the Institute of Urban Environment, Chinese Academy of Sciences and Cui Li’s research group published in German Applied Chemistry. A research paper entitled an isotope-labeled single-cell Raman spectroscopy approach for tracking the physiological evolution of bacteria towards biological resistance was published. In this study, the heterogeneity of bacterial response was analyzed in situ at a high-precision level by developing a combination of single-cell Raman-deuterium isotope-multivariate statistical analysis, and the differentiation and dynamic changes of phenotypic subsets were sensitively identified from a large number of bacterial populations, which realized the rapid in-situ tracking of bacterial phenotypic physiological trajectory before resistance mutation, providing important guidance for curbing resistance evolution. 
  In this study, bacteria were repeatedly exposed to clinical therapeutic doses of antibiotics, and antibiotic resistance evolved. In this paper, the in-situ activity of bacteria during evolution was detected by Raman spectroscopy of single cells labeled with heavy water in a culture-independent way. The results showed that the activity of bacteria under antibiotic pressure gradually increased with the treatment cycle without resistance mutation, indicating that its phenotypic tolerance gradually improved. Furthermore, the study uses UMAP multivariate statistical algorithm to analyze the single cell Raman fingerprint interval of thousands of bacteria in all evolutionary stages. According to the physiological response of bacterial phenotype indicated by Raman fingerprint, four phenotypic subgroups differentiated with the evolution of resistance were identified from bacterial populations with identical initial genotypes, namely sensitive flora, primary tolerant bacteria, evolution tolerant bacteria and evolution resistant bacteria, and the dynamic changes of the four subgroups with the evolution process were sensitively captured. So far, based on the heterogeneous response of bacteria in situ phenotype revealed by single cell Raman, researchers have drawn a physiological trajectory map of resistance evolution. Genome-wide sequencing of bacteria verified the revealed phenotype interactively, and analyzed the genetic basis of phenotype. Phenotypic differentiation is very important to maintain the survival and evolution of the whole flora. Because phenotypic differentiation is much earlier than resistance mutation, identifying phenotypic differentiation is of great significance for guiding clinical medication and reducing the occurrence of antibiotic tolerance and resistance mutation. In this study, the Raman spectra of four distinct subgroups were used to dig out the Raman marker peaks of tolerance and resistance mutation, which promoted the rapid and accurate identification of different stages of resistance evolution, especially phenotypic tolerance. 
  The single cell analysis platform can be extended to a wider range of research on the evolution of resistance induced by antibiotics or non-antibiotic chemicals. In the future, the single-cell Raman can be combined with targeted single-cell sorting and multi-omics technology to realize the accurate correlation between tolerance and resistance phenotype and genotype, and promote the further explanation of evolutionary mechanism. The research work is supported by the "0 to 1" original innovation project of Chinese Academy of Sciences, the innovative research group project of National Natural Science Foundation of China and Fujian Natural Science Foundation. 
  Paper link 
  Tracking the evolution of bacterial antibiotic resistance by single cell Raman-isotope labeling-multivariate statistical analysis

Review on the Management of Yike Food’s 2021 Annual Board of Directors

() The business review of the Board of Directors in 2021 is as follows:

  I. The industry in which the company is located during the reporting period.

(I) General situation of the development of the company’s industry

According to the National Economic Industry Classification (GB/T4754-2017), the poultry slaughtering and processing business of the company belongs to the "C1352 poultry slaughtering" industry under "C135 slaughtering and meat processing"; The company’s feed production and sales business belongs to the "C1329 Other Feed Processing" industry under "C132 Feed Processing"; The sub-industry of the company’s commercial poultry seedling incubation and sales business is "A0531 Animal Breeding Activities" under "Animal Husbandry Professional and Auxiliary Activities"; The company’s production and sales of cooked food and conditioning products belong to the sub-industry of C1353 meat products and by-products processing under C135 slaughter and meat processing.

According to the Guidelines for Industry Classification of Listed Companies issued by China Securities Regulatory Commission, the company belongs to "C13 agricultural and sideline food processing industry".

According to China Poultry Industry Development Report, the poultry industry is a livelihood industry involving many farmers, which plays an important role in meeting the needs of residents for animal protein, ensuring the stable supply of major poultry products, increasing farmers’ income and actively participating in international competition. Since the reform and opening up, China’s meat and poultry industry has developed by leaps and bounds, forming a complete industrial system from breeding and commodity breeding in the upper reaches, slaughtering and processing in the middle reaches, and food production in the lower reaches. According to the Statistical Bulletin of National Economic and Social Development issued by the National Bureau of Statistics over the years, the output of poultry meat in China increased from 17.51 million tons to 23.8 million tons from 2014 to 2021.

With the rapid growth of the overall scale of the industry, all links have also achieved different degrees of development: in terms of upstream poultry breeding, under the policy, domestic enterprises have made a series of breakthroughs through technology introduction or self-research, gradually breaking the situation that some great-grandparent poultry breeds were completely monopolized by foreign companies in the past; In terms of commercial poultry breeding, with the changes of market supply and demand and competition pattern, the proportion of large-scale breeding has gradually increased. At the same time, the feed industry supporting breeding poultry and commercial poultry breeding is also maturing. According to China Feed Industry Yearbook and National Feed Industry Development Survey, China’s annual output of meat poultry feed is 89.096 million tons in 2021. In the poultry slaughtering and processing industry in the middle reaches, as a link between the preceding and the following in the industrial chain, the production efficiency has been continuously improved. On the one hand, the matching with the main breeding areas is more perfect, on the other hand, the ability to respond to the individual requirements of different specifications, locations, time and dosage in the lower reaches has been gradually improved, and industrialization and scale have developed rapidly. In the downstream cooked food processing industry, the development of cooking technology and consumption scenarios are constantly enriched, and the product categories are constantly innovating. National brands have emerged in individual segments.

From the product structure, poultry meat mainly includes chicken and duck. At present, the share of chicken meat in China’s market is relatively high, and the share of duck meat is constantly increasing. According to the data of China Poultry Industry Development Report, the total output of duck meat in 2020 will be 10,938,000 tons (including 9,280,400 tons of white feather duck). Compared with livestock meat, poultry meat has higher protein content and nutritional value, and lower fat and carbohydrate content. Processed poultry meat products become instant food that can be eaten directly, and more and more become an indispensable table and snack food in people’s lives.

(II) Overview of the industry in which it is located during the reporting period

Influenced by the change of supply and demand, feed price and epidemic situation, the prosperity of poultry industry presents certain fluctuation characteristics.

During the reporting period, the epidemic situation at home and abroad was repeated, and due to extreme weather and other factors, the price of grain rose sharply, the prices of feed raw materials such as corn and soybean meal continued to be high, and the breeding cost continued to rise; At the same time, during the reporting period, the downward price of pork and the huge supply of pork in the market brought great challenges to the meat market.

(III) The development trend of the industry in which the company is located

1. Food safety concerns are constantly improving.

With the rapid development of the global economy, the improvement of people’s living conditions and the continuous spread of manufacturing technology, the scale of food production continues to expand, showing a vigorous development momentum. While the demand for food is growing steadily, the global food safety problem has also become a hot spot of social concern. In China, since 2004, the relevant government departments have revised or promulgated the Food Safety Law of People’s Republic of China (PRC), the Regulations on the Administration of Veterinary Drugs, the Regulations on the Administration of Feed and Feed Additives, and the Regulations on the Prevention and Control of Pollution in Large-scale Livestock and Poultry Breeding, which reflects that the state has paid more and more attention to food safety issues, and the supervision and punishment for food safety violations are gradually increasing.

Under the background of increasing attention to food safety, China’s food safety traceability system is gradually being established and improved.

2. There is huge market space for poultry consumption growth.

Although the total consumption of poultry meat in China keeps increasing, there is still a big gap between the per capita consumption and that of developed countries and regions. According to the data of the National Bureau of Statistics, the total population of mainland China was 1,412.6 million in 2021. According to the calculation that all the poultry meat produced in 2021 was digested in China, the annual consumption of poultry meat per capita in China was only 16.85 kg.

According to the statistics of the website of the US Department of Agriculture, the annual per capita poultry meat in the United States has exceeded 60 kilograms, which is much higher than the consumption level in China. In addition, with the changes of meat demand and supply structure, consumption concept and consumption habits, China’s meat consumption structure will gradually change from traditional to convenient and fast, from pursuing quantity to pursuing health, individuality, youthfulness and functionality, the proportion of poultry consumption will be further improved, and the structural pattern of pork share will change. In 2021, the total output of pork in China was 52.96 million tons, exceeding the total output of poultry meat. In the United States, however, the output of poultry meat is close to that of pork. Compared with the United States, there is still much room for improvement of poultry in China.

3. The consumption of duck meat will further increase.

First of all, duck meat has extremely high nutritional value. According to the second edition of China Food Composition Table, the content of vitamin A in duck meat is 2.5-7 times higher than that of pork, beef and mutton, and the content of iron is significantly higher than that of pork and chicken. Every 100g of edible duck meat contains 9.3g of monounsaturated fatty acids, accounting for 50% of the total fatty acids, which is significantly higher than that of other meats, while the proportion of saturated fatty acids is 30%, which is lower than that of other meats, and is beneficial to enriching blood and maintaining the health of eyes, nose and mouth mucosa. Secondly, duck meat occupies an important position in China’s food culture. In recent years, consumption scenes are constantly enriched, and consumption areas are constantly expanding, including not only cooking in traditional catering channels, such as roast duck, salted duck and duck blood vermicelli, but also the proportion of leisure consumption is constantly increasing, and preserved fresh and packaged marinated products are constantly emerging. The change of market positioning has also made consumers pay more attention to duck products, and industry operators have further studied the market development methods, and the consumption of duck meat will be further improved.

4. The proportion of large-scale farming has been further improved.

Compared with small-scale free-range farming, large-scale farming has the advantages of high production efficiency, high standardization and easy management. In recent years, the upstream aquaculture end of the industrial chain, especially commercial poultry farming, has evolved from small-scale free-range farming to large-scale and standardized farming, and the degree of large-scale production has been continuously improved. According to the third national agricultural census in 2017, the stock of poultry farming in China accounted for 73.9%. However, compared with developed countries and regions, the scale of poultry breeding in China is still at a low level. According to the data of the 2017 agricultural census in the United States, the number of farms with 10,000 or more chickens in the American broiler breeding industry accounts for 97.1%. Therefore, there is still room for the scale development of poultry breeding in China.

5. Industrial chain integration has become an important direction of industry development.

With the help of capital, technology, scale and other advantages, some advantageous enterprises gradually extend to other links in the industrial chain, or directly build a production system with a full cycle of the whole industrial chain, or first form a diversified production enterprise with multiple links and businesses in the industrial chain to stabilize the performance fluctuations of different sectors and maintain the competitive position in the market. Industrial chain integration will become an important direction of industry development.

(IV) The position of the company in the industry

After years of development, the company has become a leading poultry food enterprise in China, and its main business mainly covers four business sectors: poultry slaughtering and processing, feed production and sales, hatching and sales of commercial poultry seedlings, and production and sales of cooked food and conditioning products.

From 2018 to 2021, with the total poultry meat market increasing year by year, the company’s poultry meat product output grew at a faster rate than the industry growth, and its market share increased from 4.38% to 5.52%, further consolidating its position in the industry. At present, the company is the executive chairman unit of Baiyu Meat Duck Working Committee of China Animal Husbandry Association, the vice chairman unit of Waterfowl Branch of Shandong Animal Husbandry Association, the executive director unit of Shandong Meat Association and the vice chairman unit of Shandong Feed Industry Association, and has won many honors such as National Key Leading Enterprises in Agricultural Industrialization, Top 20 Enterprises in Agricultural Products Processing Industry in Jiangsu Province, Provincial Key Leading Enterprises in Agricultural Industrialization in Jiangsu Province, Advanced Enterprises in China Meat Food Industry in 2021 and Most Valuable Brand in China Meat Food Industry in 2021.

The company has obtained the certification of Hazard Analysis and Critical Control Point (HACCP) in GB/T 27341-2009, the certification of food safety management system in GB/ T 22000-2006/ISO 22000: 2005 standard GB/T 27303-2008 and GB/ T24001-2016 IDT ISO 14001: 2015 Environmental Management System Certification Certificate, etc., has a good quality control system, serves more than 2,000 high-quality customers across the country, and has become the flagship product of new retail such as Ding Dong’s grocery shopping and box horse fresh food, an important partner of large-scale catering such as Haidilao and Pizza Hut, and meets a large number of stable demands of well-known brands such as Anjing, Shuanghui, Zhou Heiya and Juewei.

In the future, with the gradual production of the company’s initial public offering and investment projects, it will help the company’s market share to be further enhanced and its comprehensive competitiveness will be further enhanced.

II. Main businesses of the Company during the reporting period

The company shall comply with the disclosure requirements of "business related to food and wine manufacturing" in the Guidelines for Self-regulation of Listed Companies of Shenzhen Stock Exchange No.3-Disclosure of Industry Information, and the company shall comply with the disclosure requirements of "business related to livestock and poultry and aquaculture" in the Guidelines for Self-regulation of Listed Companies of Shenzhen Stock Exchange No.3-Disclosure of Industry Information.

(I) Overview of the company’s main business

The company is a leading poultry food enterprise in China. During the reporting period, the company’s main business scope mainly covers many links in the industrial chain of meat and poultry industry, mainly including four sectors: poultry slaughtering and processing (hereinafter referred to as "slaughtering sector"), feed production and sales (hereinafter referred to as "feed sector"), commercial poultry seedling incubation and sales (hereinafter referred to as "breeding sector"), and production and sales of cooked food and conditioning products (hereinafter referred to as "cooked sector").

(II) Introduction of the company’s main products

During the reporting period, the main products of the company’s business segments include: slaughter segment: slaughter business is engaged in the slaughter and segmentation of meat ducks and broilers, in which duck products mainly include duck neck, duck head, duck breast, duck wings, duck legs, duck feet, duck gizzards and duck blood; Chicken products mainly include chicken breasts, chicken legs, chicken wings and chicken feet.

Feed plate: feed business is to produce and sell feed, and the main products include duck feed and chicken feed.

Poultry breeding plate: the poultry breeding business is the production, incubation and sales of commercial substitute chickens and ducks, and the main products include commercial substitute ducks and chickens.

Cooked plate: Cooked business includes prepared products and cooked food business. Among them, the cooked food business mainly operates "Aiya" brand marinated food, and its main products include leisure marinated food such as duck neck, duck collarbone, duck paw and duck wings. According to the product form, it is divided into two categories: fresh products and packaged products; The business of conditioning products is mainly to produce and sell conditioning products. The main products include more than 100 kinds of conditioning products such as curing, cooking, frying and smoking.

(III) Main performance drivers

1. The industry demand is improving.

White meat, such as poultry meat, has the health attributes of high protein and low fat content. With the changes of meat demand and supply structure, consumption concept and consumption habits, China’s meat consumption structure will gradually change from traditional to convenient and fast, from pursuing quantity to pursuing health, individuality, youthfulness and functionality. The proportion of poultry meat consumption will be further improved, and the structural pattern of pork share will change, so China’s poultry has a greater room for improvement.

In recent years, the modern catering service industry represented by chain restaurants has developed rapidly. Because of the higher standardization, lower cost and stronger processing properties of poultry meat, catering channels are more willing to use poultry meat as meat raw materials to a certain extent, which promotes the growth of poultry meat consumption.

2. Integrated layout of industrial chain

During the reporting period, the company’s main income and profit came from poultry slaughtering business. For the slaughtering meat processing industry, its operation is closely related to the fluctuation of upstream aquaculture, so the integrated layout is particularly important. On the one hand, the integrated layout can effectively reduce the transaction costs of all links in the industrial chain and improve the overall profitability of the company. On the other hand, the integrated layout can effectively stabilize the fluctuation of the cycle, especially in the field of deep processing. Because it includes processing value-added and brand premium, the gross profit margin is generally higher. Now, the company has completed the multi-link layout of the meat and poultry industrial chain. In the future, the company will continue to strengthen the weak links in the downstream of the industrial chain, further increase the proportion of high value-added products, and further enhance its competitiveness by taking advantage of the integration of the industrial chain.

(4) Business model

The company’s main business mainly covers poultry slaughtering and processing, feed production and sales, commercial poultry seedling incubation and sales, and the production and sales of cooked food and conditioning products. In terms of operation and management, on the one hand, all sectors are independent of each other and have the ability to operate independently; On the other hand, because they belong to the industrial chain of the meat and poultry industry, there is a certain degree of upstream and downstream linkage between the business sectors. By well managing the upstream and downstream linkage of the industrial chain, the efficiency of the industrial chain can be improved, and the company can obtain higher synergistic benefits, thus effectively resisting the business risks of a single business link in the industrial chain.

1. Purchasing mode

(1) Slaughtering plate

Raw materials for slaughter business are hairy ducks and chickens, and the company mainly adopts breeding contract procurement mode to meet the needs of slaughter business. Under the breeding contract procurement mode, the company first signed the "Duck/Chicken Procurement Framework Contract" with the breeding owners; Subsequently, the companies in the slaughter plate signed batch contracts with the aquaculture owners according to the annual production plan.

Breeding owners need to breed in accordance with the breeding terms agreed in the Purchase Framework Contract for Hairy Duck/Hairy Chicken and the batch contract, and the companies in the slaughter plate purchase the hairy duck or the hairy chicken according to the price settlement formula agreed in the batch contract. The company mainly purchases from aquaculture owners near the company’s slaughter line.

(2) Feed plate

The raw materials purchased for feed business are mainly corn and soybean meal. The mode of feed business procurement is centralized inquiry procurement and personalized customization. Centralized inquiry procurement is mainly aimed at raw material varieties (corn and soybean meal) with large usage, which are mainly purchased from bulk raw material suppliers or grain and oil enterprises. Personalized customization refers to some by-products of corn and wheat, etc. The company negotiates and purchases with partners according to the feed formula.

(3) Poultry plate

The company’s poultry breeding business mainly purchases parents’ seedlings (parents’ ducks and parents’ chickens) and feed.

The procurement mode of the company’s parents breeding duck chicks and parents breeding chicken chicks is the introduction plan mode. Under the introduction plan mode, the purchase quantity is arranged according to the production plan. According to the production capacity provided by the production department, the production department shall submit the overall procurement plan and batch procurement plan for the next year before the end of December each year, and the procurement department shall sign a letter of intent with the supplier after it is approved by the procurement leading group of the poultry platform. On the basis of the annual overall procurement plan, the procurement department arranges the procurement in batches according to the annual production plan, and signs specific procurement contracts with suppliers. Under normal circumstances, the seedling purchase contract is signed within 2 months before the specific introduction of duck seedlings; Chicken seedlings shall sign a seedling purchase contract within 1 month before the specific introduction.

At present, the purchase mode of the feed that parents need for breeding poultry on the poultry breeding platform is mainly internal quantitative purchase. Under the internal quantitative purchase mode, the purchasing department of the poultry breeding platform directly signs a feed purchase contract with the feed sector subsidiary according to the production plan to ensure a long-term and stable supply of feed, and purchases once every 3-4 days on average.

(4) Cooked plates

Raw materials purchased by cooked food and conditioning products business mainly include raw meat and accessories. The purchase mode of raw meat used in the production of cooked food and conditioning products business is mainly internal quantitative purchase; For some raw meat and accessories, the procurement mode is mainly external inquiry procurement. Under the internal quantitative procurement mode, the purchasing department of cooked food and conditioning products directly purchases raw meat from the companies in the company’s slaughter plate according to the production plan to ensure the high quality and stable supply of raw meat. In principle, it purchases daily. Under the external inquiry purchasing mode, the purchasing department selects the appropriate suppliers for inquiry, price comparison and negotiation according to the materials requested by the production department, and finally signs a purchase contract, and makes an average of 1-4 purchases per month according to different categories of materials requested.

2. Production mode

The company’s main business includes slaughter, feed, poultry breeding and cooked food. At present, the main production mode is independent production. Due to the gradual production of Shandong Yixing Agriculture and Animal Husbandry, Mengyin Jinjiyuan and Mengyin Kangyu subsidiaries, the egg production capacity is gradually released. In order to ensure the timely supply of farmers’ orders and solve the problem of tight hatching capacity when eggs are produced centrally, the company’s poultry plate has some entrusted hatching business. During the cooperation, the company managed the whole process in the aspects of trustee selection, incubation standards and acceptance and warehousing, and there were no major quality problems of chickens and ducks during the reporting period.

3. Sales model

(1) Slaughter plate: The customers of the company’s chicken products and duck products include direct selling customers and distribution customers. Direct sales customers, mainly Zhou Heiya, () and Shuanghui Fa.

Zhandeng Distribution customers, mainly the company’s dealers and supermarkets.

(2) Feed sector: The company’s feed business mainly sells feed directly to breeding companies or owners.

(3) Poultry breeding plate: The company’s poultry breeding business mainly sells commercial substitute chickens and ducks directly to breeding companies, owners or enterprises in the same industry.

(4) Cooked plate: The cooked food business mainly adopts the sales mode of franchise chain and OEM, and a few packaged goods pass through terminal supermarket stores (supermarket suppliers).

And online e-commerce sales; The customers of the company’s conditioning products include direct selling customers and distribution customers. The direct selling customers are mainly catering industry, and the distribution customers are mainly wholesale and supermarket suppliers.

Third, the core competitiveness analysis

1. China is a large-scale poultry food leading enterprise with obvious scale advantages.

Yike Food is one of the large-scale agriculture, animal husbandry and food enterprises in China. Based on the advantages of capital, technology and scale, the company has become a leading poultry food enterprise in China, with significant scale advantages.

With the increasing attention of the country and people to food safety, the standards of food hygiene and animal and plant inspection and quarantine are gradually improved. As a large-scale enterprise with multiple business links, the company can implement the whole process control of food safety in feed production, slaughtering and food processing, and effectively detect and technically control epidemic diseases and product quality and safety.

As one of the fastest growing and most efficient enterprises in the poultry industry in China, the company will continue to consolidate its market position in the next three years, and maintain and strengthen its scale advantage by strengthening its marketing ability and expanding its market share.

2. Outstanding quality and brand value, and continuous leadership.

The company attaches great importance to product quality and has a good quality control system. Based on the company’s good product quality, the products produced by the company have high popularity and reputation in the whole industry, and thus a relatively complete enterprise sales network is established, with long-term cooperative dealers and stable consumer groups. At present, the company has been recognized by many large-scale partners in the market, and it is the main product of new retail such as Ding Dong grocery, Boxed Ma Xiansheng, and an important partner of large-scale catering such as Haidilao and Pizza Hut, and meets a large number of stable demands of well-known brands such as Anjing, Shuanghui, Zhou Heiya and Juewei, benefiting customers with excellent brand ability, channel development and compounding ability, and promoting the company’s new round of profitability improvement.

3. Market competitive advantage: the industrial structure layout with great tension.

Yike Food’s main business covers many links in the industrial chain of meat and poultry industry, among which poultry slaughter business occupies a major position, and slaughter processing is a key link in the transformation from means of production to commodities. With the advantage of slaughter, the upstream (feed, seedlings, breeding, etc.) can be integrated, the quality can be improved and the cost can be reduced, and the market side can develop the deep processing business of conditioning products and cooked food with the help of channel advantages, thus improving the company’s gross profit.

At the same time, the regional layout of Yike industry follows the principle of "being close to the market and resources", while Shandong and Jiangsu are the dominant producing areas of China white feather meat poultry. Yike base radiates the three most important market areas in China, namely, Beijing-Tianjin-Hebei, Yangtze River Delta and Pearl River Delta, with obvious geographical advantages.

4. Experienced founding team and talent advantages

The management has worked in the meat and poultry industry for more than 15 years on average, and has rich industry experience and profound industry insights. They not only have strong ability to grasp market opportunities and adapt to market changes, but also have good foresight on the market development trend of the meat and poultry industry. In addition, through years of accumulation, the company has also trained a large number of junior and middle-level management cadres in slaughter processing technology, feed formula technology, breeding technology, disease prevention technology, conditioning and cooked food processing technology, information technology and marketing. Through organic coordination and running-in collocation, all kinds of outstanding talents make the company’s comprehensive management level get the maximum play.

5, always committed to the development strategy of industrial technology research and development and application.

As a leading growth enterprise in agriculture, animal husbandry and food industry, Yike Food conforms to the development of national agriculture and science and technology strategy, meets consumers’ growing expectations for food safety, health and speed, and meets customers’ demand for efficient and stable supply chain. The company attaches importance to driving enterprise development with scientific and technological innovation, and lists "science and technology benefiting customers" as a major development strategy. Great achievements have been made in intelligent breeding, genetic breeding, modern equipment, safety traceability system construction, pollution control of livestock and poultry breeding, technical system construction of waterfowl industry, etc. It has successively won many national, provincial and ministerial honorary titles such as "National Demonstration Zone for Intelligent Breeding of Poultry" and "Demonstration Enterprise for Safe and Healthy Meat Food", and has established "National Engineering Laboratory for Pollution Control and Recycling Technology of Livestock and Poultry Breeding" and "Suqian Comprehensive Experimental Station for National Waterfowl Industrial Technical System". By the end of the reporting period, the company had 101 valid patents, of which 24 were invention patents, 73 were utility model patents and 4 were design patents.

Fourth, the main business analysis

1. Overview

During the reporting period, affected by the epidemic situation, the relationship between supply and demand, and the increase in food prices, the meat and poultry industry as a whole was relatively depressed. However, in the long run, with the changes of meat demand and supply structure, consumption concept and consumption habits, poultry meat will be favored by more and more consumers because of its high protein, low fat, low cholesterol and low calorie, and there will be greater room for growth in poultry meat consumption in the future.

Faced with the repeated epidemic situation at home and abroad and the complicated economic situation, all employees of Yike Food worked together in Qi Xin to overcome the difficulties and not be afraid of challenges, and the company as a whole maintained healthy and steady development. In 2021, the company realized an operating income of 16,414,226,300 yuan, an increase of 14.05% over the same period of last year; The net profit attributable to shareholders of listed companies was 117,135,300 yuan, down 18.75% from the same period of last year.

In 2021, in the face of the epidemic situation in COVID-19 and the complicated economic situation at home and abroad, the company actively responded to the national rural revitalization strategy, continued to promote scientific and technological innovation and healthy industrial development, and ensured the people’s consumption and supply of safe and healthy poultry products, and focused on the following aspects:

(1) The company always adheres to the business policy of "customer first, quality first", integrates the upstream and downstream of the industrial chain, continuously optimizes the resource structure, implements the brand promotion strategy, subdivides the market, and steadily increases the market share.

(2) The company’s new project, Shandong Zhongke Food Industrial Park Cooked Products Construction Project, expanded poultry cooked food project with an annual output of 20,000 tons, and Xuzhou Runke Food Co., Ltd.

Meat and poultry processing projects were completed and put into operation one after another in 2021, especially with the commissioning of two cooked deep processing projects, the company’s production capacity and delivery capacity of cooked food and cooked products in sauce and halogen products were greatly improved, and the ability to serve customers was also improved; In the future, with the release of production capacity of new projects, the company’s market share and market share will be further improved.

(3) During the reporting period, the company continued to push forward the strategy of "benefiting customers digitally" and further improved the company’s operational efficiency through digitalization of business and management.

(4) During the reporting period, the domestic epidemic situation was repeated and the situation was still grim. The company always paid attention to the epidemic situation. As an enterprise for ensuring people’s livelihood and supply, the company actively assumed the social responsibility of ensuring operation and supply, formulated emergency plans and production protection plans for epidemic prevention and control, increased the implementation of daily disinfection measures, and cooperated with local governments in epidemic prevention and control.

At the same time, ensure safe production and operation and stable supply of poultry meat market.

(5) Continue to develop the functions of education and scientific research, innovate the recruitment and training mode of talents through cooperation with scientific research institutes and universities, and create a model to attract and train outstanding talents.

Innovate the platform, improve the process ability and value creation ability of all links in the company’s value chain, and continuously enhance the company’s core competitiveness.

(6) During the reporting period, the key points and highlights of each link in the company’s industrial chain:

Breeding poultry plate: the construction of production technology system, the popularization and application of automation equipment at breeding poultry breeding end, and the production quality index is at the leading level in the industry; Feed sector: feed bulk raw material procurement ensures the quality and stable supply of feed bulk raw materials by deepening cooperation with large state-owned suppliers, and improves the quality and supply stability of OEM customized feed by cooperating with excellent enterprises; Slaughtering plate: In 2021, the production side further strengthened balanced production and regional coordination, and the overall balance, raw material supply coordination and order distribution efficiency improved significantly, the ability and speed of responding to the market improved significantly, and the quality and delivery capacity of products improved steadily; At the same time, through innovation and improvement, process standardization, research and development and application of automation equipment, process capacity and production efficiency have been significantly improved; The raw material side takes it as its responsibility to drive farmers to increase their income and get rich and help rural revitalization. Through the research, development, application and promotion of new technologies and equipment, it constantly breaks through the technical bottleneck of meat duck breeding; At the same time, actively explore a variety of ways to utilize manure resources, such as planting and breeding, and take the road of circular economy and ecological agriculture; Establish an effective fund guarantee and mutual assistance mechanism by using industrial finance and combining various cooperation modes.

Cooked plate: In 2021, the company gave full play to the advantages of the company’s industrial chain, guided by market demand, and relied on the advantages of existing channels to continuously strengthen the "business-research-production-sales" value creation process, keep up with the market demand, constantly innovate and enrich the research and development and production of cooked food and prepared products of sauce and halogen products, and carry out online and offline cooperation with e-commerce new retail formats such as () and Baicaowei, as well as "Love Duck" own brand franchise chain.

V. Prospect of the Company’s Future Development

(A) the company’s future development strategy

The company’s overall development strategy: based on the principle of "customer first, quality first", the concept of comprehensive digitalization and integrated operation logic and strategy, we will maintain growth, and at the same time realize the comprehensive improvement of product quality, service quality, management quality and talent quality, thus releasing production capacity and profitability.

(II) The company’s annual business plan for 2022

In 2022, under the leadership of the board of directors, the management of the company will seize the opportunity, focus on the development of its main business, improve its ability of continuous innovation, improve its management level, actively promote the business development and the growth of its operating performance, realize the sustainable development of the company, and focus on the following aspects:

1, comprehensive management system construction

In order to continuously meet the expectations and requirements of customers, investors and interested parties, and realize the long-term success of the company, Yike Food promotes the construction of integrated management system, continuously improves the functions of existing organizations according to the company’s medium-and long-term strategy, and focuses on process improvement, process standardization and top-down target task responsibility system operation, so as to enhance the efficiency of the whole value chain, build profitability and comprehensively improve the company’s operating quality.

2. Business plan

The company will focus on the development of its main business, expand its production capacity through the implementation of the initial public offering of shares, expand its production scale and strengthen its sales team through technological upgrading, and continuously increase its market share and consolidate its market position. At the same time, the company will continue to increase the proportion of high value-added channels, further increase the proportion of sales of cooked and customized fresh products, develop the market through innovative means and new products in market development, increase market share, and continuously optimize product structure and increase the proportion of mid-to high-end products, so as to continuously enhance the company’s profitability.

3. Brand plan

Brand strategy is a necessary condition for enterprises to achieve rapid development. The company will continue to improve the layout of marketing network, expand the marketing team, strengthen the depth and breadth of customer coverage, adjust the organizational structure and responsibilities in time according to business needs, deepen customer needs and enhance customer satisfaction; At the same time, through the rational allocation of market resources, we will create representative high-quality products and further enhance brand influence.

4. Talent plan

Doing a good job in human resources construction of the company is an important guarantee for the company’s strategy and business development. According to the needs of strategic development, the company will strengthen internet education, train, tap and improve the ability of employees, especially in the medium and long term, do a good job in building the team of four types of talents, such as breeding technical talents, automation technical talents, management talents and market development talents, and do a good job in pragmatic human resources foundation for implementing the company’s development strategy and development plan.

5, digital plan

In 2022, the company continued to list "digital benefits to customers" as a major development strategy. According to the company’s comprehensive management system, it closely integrated digitalization with management reform, business transformation and process reorganization, and guided by business needs, integrated processes with the Internet, comprehensively promoted the company’s digital transformation, provided informationization and networking support for the company’s overall operation, and provided long-term support for the company to realize business integrated information management.

6. Improve corporate governance.

The company will take the opportunity of initial public offering of shares and listing on the Growth Enterprise Market, strictly follow the requirements of the Company Law, Rules for Listing of Shares, Guidelines for Standardized Operation and other laws, regulations and normative documents, improve the construction of the company’s internal control system, continuously improve the corporate governance level, and form a corporate governance structure that performs its duties, restricts each other and regulates its operation; Promote the scientific and institutionalized decision-making on major issues; Strengthen information disclosure and investor relations management, improve the transparency of the company’s operation, and improve the company’s operation efficiency while improving the existing corporate governance structure.

(3) Possible risks and countermeasures

1, animal epidemic and other natural disaster risks

The company’s main business scope covers many links in the industrial chain of meat and poultry industry, and the epidemic situation of poultry animals is one of the main risks faced by the company in its production and operation. The impact of animal epidemics such as bird flu on the company is mainly reflected in:

(1) If a serious animal epidemic occurs in the surrounding area of the company or nationwide in the future, the poultry in the epidemic area will be destroyed, the supply of raw materials will be insufficient or the quality of raw materials will be damaged, and the price of raw materials will fluctuate greatly;

(2) The emergence of a large-scale epidemic will reduce the desire of end consumers to buy poultry meat, resulting in a decrease in the market demand for the company’s products;

(3) If an animal epidemic occurs in the company’s own subordinate farms, the company’s autotrophic poultry will be destroyed and the company will suffer asset losses.

In addition, if major natural disasters, such as severe climate change and insect pests, cause a large reduction in agricultural production, the costs of feed production and poultry breeding will rise sharply, and the company’s procurement costs will increase; Severe weather such as rainstorm, blizzard and hail will bring inconvenience to road transportation and increase the transportation cost of materials and products.

In recent years, the company has promoted large-scale and standard farms, equipped with specialized breeding technical service personnel, and strictly implemented epidemic prevention measures to help aquaculture owners increase their ability to fight animal epidemics; At the same time, the company has established emergency plans for natural disasters, and the large-scale and standardized farms have also increased their ability to resist the risks of natural disasters compared with the breeding sheds built by the owners themselves.

2. Food safety risks

Food safety has always been the top priority of meat processing enterprises. In recent years, the state has promulgated a series of laws and regulations, such as People’s Republic of China (PRC) Food Safety Law, People’s Republic of China (PRC) Food Safety Law Implementation Regulations, and People’s Republic of China (PRC) Agricultural Products Quality Safety Law, to further strengthen the social responsibility of food producers and risk control and restraint measures, and to increase the punishment of offenders. Although the company has established strict quality control systems and standards, if food safety accidents or quality problems occur due to poor quality control and inadequate management, it may adversely affect the company’s reputation and operation.

To this end, the company continues to strengthen food safety in the first place, and constantly strengthen supervision over food safety through various procedures such as feed and drug control, breeding process supervision and acquisition supervision, and strictly implement food safety in all aspects of production and operation, so that safe, secure and green customer-friendly products can enter thousands of households.

3. Environmental protection risks

The pollutants produced in the company’s production mainly include waste water, waste gas and a small amount of solid waste such as feces and sludge. In addition to the company’s own production and operation activities, the company’s daily business relies on farmers as the main source of raw materials supply for the slaughter plate. If the environmental protection policies of the state and local governments are adjusted, the environmental protection requirements for the breeding and slaughtering industries will be further improved, which will increase the production costs of the company and farmers in purchasing and building environmental protection facilities, paying sewage charges and other operating expenses, and have an impact on the profitability of the company.

In 2013, the State Council promulgated the Regulations on the Prevention and Control of Pollution from Large-scale Livestock and Poultry Farming, which clearly defined the prohibited areas, and all the farms in the prohibited areas were moved or closed by themselves within a time limit. If the local government further adjusts the land planning and redefines the no-breeding areas in the future, the farms of the company’s farmers will face the risk of moving or closing within a time limit, which may adversely affect the company’s production and operation.

To this end, the company introduced new equipment, new technologies and new processes to improve the company’s environmental governance capabilities. The company insists on constantly promoting environmental protection knowledge to employees, improving their awareness of environmental protection, and achieving the sustainable development goal of harmonious coexistence between enterprises and the environment through the joint efforts of all employees.

4. Risk of price fluctuation of products and raw materials

The company’s main products are duck products, chicken products, feed, ducklings, chickens, cooked food and conditioning products, and the main raw materials include hairy ducks and chickens. The company’s products and raw materials cover many links in the industrial chain of poultry breeding industry, and their market prices change with the supply and demand of each link in the industrial chain, showing certain fluctuations.

China’s poultry farming industry has a low degree of large-scale farming. Under the background of market structure that small-scale farmers account for the main part of the breeding population and the degree of large-scale farming needs to be improved, it is easy to cause large fluctuations in the market supply level, so the prices of duck products, chicken products, duck seedlings and chicken seedlings may change greatly in a certain period of time. At the same time, due to the different links in the industrial chain, the prices of the company’s main raw materials, duck and chicken, also change with the relationship between supply and demand. Although there is a certain linkage effect between the prices of products and raw materials, there are certain uncertainties in the price transmission time and the range of change, which will have a certain impact on the company’s profitability.

Different from a single business company, the company’s main business scope mainly covers many links in the industrial chain of the meat and poultry industry. The company’s products have the characteristics of the whole industrial chain, which can moderately alleviate the impact of the downward price of a single product on the company as a whole.

5, the risk of fluctuations in operating performance

Influenced by the change of supply and demand, feed price, epidemic situation and other factors, the prosperity of poultry industry presents certain fluctuation characteristics. In recent years, although the company’s business scale has been expanding, the company’s operating performance has also fluctuated due to the fluctuation of the industry, especially during the rotation of the industry from the rising cycle to the falling cycle, the company’s operating performance will drop sharply, and it will be at a low level during the relatively low valley. Taking 2018-2020 as an example, 2018 and 2019 are the upward cycles, especially in 2019, when the industry demand is large, the high gross profit mobilized the enthusiasm of farmers and stimulated the increase of industry capacity in a short period of time. In 2020, due to the rotation of industry cycles, the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses decreased by 65.59% compared with 2019.

From 2019 to 2021, the company’s operating income was 15.554 billion yuan, 14.392 billion yuan and 16.414 billion yuan respectively, and the net profit attributable to the parent company after deducting non-recurring gains and losses was 363 million yuan, 125 million yuan and 105 million yuan respectively; From the perspective of periodic changes in the industry cycle, 2019 is an upward cycle, and the overall operating performance of the industry is good. The high gross profit has aroused the enthusiasm of farmers and stimulated the increase of the industry’s production capacity in a short period of time. In 2020, due to the rotation of the industry cycle, the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses decreased by 65.59% compared with 2019. In 2021, the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses decreased by 15.89% year-on-year. Due to the periodic changes in the relationship between supply and demand in the industry where the company is located, the company’s performance has dropped significantly in the down cycle.

The company’s main business scope mainly covers many links in the industrial chain of meat and poultry industry, and its products have the characteristics of the whole industrial chain. Based on the characteristics of the company’s products, in terms of operation and management, on the one hand, all sectors are independent of each other and have the ability to operate independently; On the other hand, because they belong to the industrial chain of meat and poultry industry, there is a certain degree of upstream and downstream linkage between the business sectors. By well managing the upstream and downstream linkage of the industrial chain, the company can obtain higher synergy, thus effectively resisting the business risks of a single business link in the industrial chain. In the future, the company will continue to strengthen the industrial chain layout, reduce the performance fluctuation caused by a single business link and increase profitability.

6. The impact of repeated epidemics on the company’s production and operation

Since 2020, the limited transportation caused by the epidemic and the closure of centralized places such as restaurants have had a certain impact on the company’s raw material supply, operating rate, sales scale and product market price. However, with the introduction and implementation of a number of policies to protect people’s livelihood and supply and support enterprises to return to work, the company’s procurement and production will gradually return to normal levels. Although the situation of epidemic prevention and control in China continues to improve, if the epidemic continues to spread in local areas or other countries and cannot be effectively controlled globally, it will still have an adverse impact on the macroeconomic situation and consumer demand, thus causing certain uncertainty to the company’s operating performance in the next few years.

To this end, the company will pay close attention to the development of the epidemic, make a response plan in advance, and actively deal with and respond to the risks and challenges it brings.

7. Risk of performance decline

In 2020, due to the impact of the epidemic on the daily consumption of residents and the market price of all links in the poultry meat industry chain, and the cyclical fluctuation of the poultry seedling market, the company’s operating performance in 2020 declined compared with that in 2019, of which the net profit attributable to shareholders of the parent company decreased from 363 million yuan in 2019 to 125 million yuan in 2020, a decrease of 65.59%. In 2021, due to the decline in the profitability of the chicken products sector, the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses decreased by 15.89% compared with the same period in 2020.

Affected by the change of supply and demand in each link, the market price of different links in the poultry meat industry chain still fluctuates periodically. The company’s products and raw materials cover many links in the industrial chain of poultry breeding industry, and the change of market price still makes the company’s performance fluctuate or decline.

With the release of production capacity of fundraising projects, the company’s comprehensive competitiveness will be further enhanced, which is conducive to the further improvement of overall profitability.

Plastic sisterhood! Look at the feud between Angela Zhang and Christine.

Angela Zhang; Angela Chang


1905 movie network news  Did you get hit by a melon provided by Angela Zhang this afternoon?


Christine, Angela Zhang

It is said that the feud between Angela Zhang and Christine has a long history, which may date back to 8 years ago. …


At that time, Angela Zhang and Christine, both of whom belonged to Fumao Record Company, were still related to each other. Christine was a fellow teacher and sister of Angela Zhang, but Angela Zhang got ahead.

111.jpg

Christine; Fan Fan

You know, Christine has always been Fumao’s "own daughter". In 2000, she debuted with the album "Fan Fan’s World", and with the rhythm of an album almost every year, she also won her place with her distinctive timbre and the appearance of an oxygen beauty. In 2006, she also challenged to be a variety show host. Although her hosting skills were lacking, the style of silly elder sister was also considered by the outside world as her "truth" and "simplicity" and became an example of high-quality idols at that time.

Angela Zhang; Angela Chang


However, Angela Zhang was not favored at the beginning of her debut, but with her wonderful performance in many idol dramas, the sweet and lovely Angela Zhang gained a lot of popularity and became the queen of idol dramas at that time. The songs performed in the play are also very popular, such as "Lost Beauty" and "Invisible Wings" … After that, many records and idol dramas made Angela Zhang quickly popular on both sides of the strait.

"if things" MV


In 2005, in order to "kiss his daughter" Christine, Fumao tied Angela Zhang and Christine, who were in the limelight, and a song "What If" was born. Later, under the arrangement of the company, the cooperation between the two people broke out frequently, which made this "plastic sisterhood" warm up.

Angela Zhang Christine’s early intimate photo.


But at that time, it seemed that the two were really like sisters, and their feelings were very good. No matter what the occasion, Angela Zhang takes Christine with him, and almost all the guests in each concert are Christine.

Christine (left)Claire Kuo (middle) Angela Zhang (right)


Under the fermentation of "sisterhood", Christine’s popularity has also been improved. Fumao seems to have enjoyed the benefits, and won the popularity of Claire Kuo through the influence of Angela Zhang and Christine.


However, during this period, there were rumors from time to time that Angela Zhang and Christine did not agree because of the "dispute of one elder sister".


Until 2008, Angela Zhang stopped work due to a heart attack and went back to Canada to recuperate. Later, Zhang’s mother broke the affair, and the mother and daughter broke the news that they had turned against each other and abandoned their foster care. During this period, Zhang’s mother also took all Angela Zhang’s savings, which was even more exciting than the dog blood drama.

Angela Zhang’s mother-daughter dispute farce


In the end, Angela Zhang held a press conference to announce that the fate of mother and daughter had ended, but Angela Zhang’s career was affected and plummeted.

Christine avoided the Angela Zhang incident.


When Angela Zhang experienced various changes, the so-called "good sister" Christine not only avoided Angela Zhang, but also poached Angela Zhang’s assistant Lv Danshui. The company also added fuel to the fire and caused a contract dispute.

The two were embarrassed on the same stage in 2010.


In 2010, although they sang the familiar melody again on the same stage, they were embarrassed to overflow the screen.

Christine isLv danshui is unfair.


In 2011, Angela Zhang and Fumao officially terminated their contract, and Christine sent a message for Lu Danshui, the assistant of her husband Chen Jianzhou, insinuating that Angela Zhang was not good to his assistant in Weibo. Although Angela Zhang also fought back, it did not arouse much splash because of the loss of popularity.

Angela Zhang responded.


The tables have turned, and 2015 is like being "lowered" for Christine, which is also the beginning of the collapse of Christine.

Christine is on the small S program.


Christine military parade basks in the baby to recruit black.


After giving birth, Christine was scolded by Xiao S when she was in Kangxi. She and Wu Peici formed a small team to crowd out herself and Da S, which made netizens feel that she was hypocritical and fickle. After digging a grave, she actually tore up the black history of Wu Peici, Christine, and the feud with Angela Zhang. In the same year, Christine also recruited a large amount of Bosnia and Herzegovina powder because she made a blog in the military parade. Afterwards, she responded, and everyone who saw it had to worry about her double business.

Record the same program


And when everyone thought that it was impossible for them to be on the same stage again, last year’s program "Masked Singers Will Guess" let them be on the same stage again. Although there was no confrontation, it was full of gunpowder.

Full of gunpowder


In September 2017, after the broadcast of the program, Angela Zhang wrote: "Everyone should have intimate friends, and the hypocritical world will get sick if it stays for a long time." Many netizens thought this was an allusion to Christine, but Angela Zhang quickly retorted that he was just expressing his feelings and didn’t target anyone. It was also after Angela Zhang made this wave of refutation that the fighting temporarily subsided for a while.

Angela Zhang responded.


It was also the wonderful performance of Angela Zhang in the program that made her return to everyone’s sight after years of silence, and accumulated popularity and popularity for the return. Bazaar Charity Night also seemed to unblock her hot search system.

Angela Zhang; Angela Chang


Recently, Angela Zhang’s wonderful performance in "The Singer" is also remarkable, and her own story sung in the program has caused netizens to dig up her old feud with Christine, so that Weibo in Christine has been cursing.

Weibo, Christine


User message


Christine also posted a blog suspected of responding to netizens’ claims: "With you, my mother is not afraid of anything." But it backfired, and was angered by netizens not to use children as a shield.


Mr. and Mrs. Chen Jianzhou Christine

The war of abuse that lasted for many days summoned Chen Jianzhou to the end, and there was also a hot search for [Chen Jianzhou’s domineering wife] yesterday.

Chen Jianzhou fabo


In the early morning of March 1, he showed a video of his wife Christine’s concert in Weibo and expressed his deep feelings: "I love your kindness and uncontested personality … and I like that even if you are wronged or even maliciously slandered, you never say bad words!"

Netizen left a message insulting.


However, it was abused by netizens, and Chen Jianzhou even launched a "battle" with netizens in his comments.

Chen Jianzhou calls for rejection of cyber violence


And from the early morning to the evening, I am not only busy protecting my wife, but also calling for "rejecting cyber violence."

Christine Weibo lower control review


Also in Christine’s Weibo comment area for control and evaluation maintenance.


Angela Zhang updateMeaningful, Weibo

Just at noon today, when the hot search cooled down, Angela Zhang sent out a meaningful Weibo, which caused a hot discussion among netizens: "Black and white dogs don’t scream for attention. Shh ~ Mom went to work and will come back to see you soon."

Angela Zhang sun-dried dog


The people who eat melons found that this Weibo is not simple … This is a … sun-dried dog. …


Musk, China is good

  On the first day of Tesla’s founder and CEO Elon Musk’s arrival in China, Tesla welcomed the benefits.

  On April 28th, China Automobile Industry Association and National Computer Network Emergency Technology Processing Coordination Center issued the Notice on Testing Four Safety Requirements for Automobile Data Processing, and all the models produced in Tesla Giga Shanghai met the compliance requirements. Previously, Tesla had realized local data storage in Tesla Shanghai Data Center in 2021. In addition, Tesla introduced a third-party authority to audit the company’s information security management system and passed the security management system certification (ISO27001).

  Musk said on the social platform on April 28 that Tesla will invest about 10 billion US dollars in AI training and reasoning in 2024, and the latter is mainly used for automobiles. If any company can’t reach this level of expenditure and can’t spend efficiently, it can’t participate in the competition.

  Six car companies, including Tesla, passed all four requirements of national automobile data security.

  At the invitation of the China Council for the Promotion of International Trade, on the afternoon of April 28th, Tesla founder and CEO Musk arrived in Beijing. Musk said that he was glad to see the progress of electric vehicles in China, and all cars will be electric in the future. On April 28th, Tesla issued a document saying that it will continue to deepen its cultivation in China, develop together with the industry in the fields of artificial intelligence, electric vehicles and energy storage, accelerate the landing of clean energy and autonomous driving technology, and turn the beautiful vision into reality.

  On April 28th, the Technical Department of China Association of Automobile Manufacturers disclosed the notification on the detection of four safety requirements for automobile data processing (the first batch). According to the report, there are six car companies, including (), Ideality, Lotus, Hezhong New Energy, Tesla and Weilai, and a total of 76 models meet the four compliance requirements for automotive data security.

  According to the circular, in order to standardize automobile data processing activities, protect users’ legitimate rights and interests, encourage head car manufacturers to play a role as a benchmark, and promote the formation of a good environment for the whole society to jointly safeguard automobile data security and promote the development of the automobile industry, China Automobile Industry Association and the National Computer Network Emergency Technology Processing Coordination Center are based on the "Several Provisions on Automobile Data Security Management (Trial)" and GB/T 41871-2022 "Information Security Technology Automobile Data Processing Safety Requirements" and other laws and standards, and in accordance with the principle of voluntary inspection by enterprises. Since November, 2023, we have organized the inspection of automobile data safety compliance of newly listed intelligent networked vehicles of automobile manufacturers in 2022-2023. This test covers four compliance requirements, such as anonymous processing of external face information, default not to collect cockpit data, in-vehicle processing of cockpit data, and significant notification of personal information.

  Notice on the Detection of Four Safety Requirements for Automobile Data Processing disclosed by the Technical Department of China Automobile Association

  Some senior auto industry analysts analyzed the Shanghai Stock Exchange reporter, and this incident released two signals: 1. The state has formulated clear rules for auto data security. 2. All car companies are treated equally before the rules, including wholly foreign-owned car companies. "Obviously, this will help foreign investors to invest in China and further expand their investment in China. At the same time, it also shows that the state has been making efforts to improve the foreign investment environment. "

  Tesla FSD landing requires data acquisition and other preparations.

  On April 28th, Musk, who just arrived in Beijing, said on social media that Tesla will invest about $10 billion in AI training and reasoning this year, and reasoning is mainly used in cars. Musk said that any company that spends less than $10 billion a year or cannot deploy it efficiently cannot compete in the market.

  In January, 2024, Tesla added $500 million in new investment and purchased about 10,000 NVIDIA H100 GPU for the training of autonomous driving. According to statistics, Tesla may have more than 30,000 H100 GPU. Musk recently said that Tesla may be the second company with the number of H100 GPU in NVIDIA, second only to Meta, and xAI ranked third.

  Tesla’s heavy investment in AI is aimed at the future business opportunities of autonomous driving. Musk said that Tesla will launch a driverless taxi on August 8, 2024. Recently, Tesla gradually began to push to North American users on a large scale based on end-to-end FSD V12. FSD V12 achieves the goal of autonomous driving through a large amount of video training data, which enables Tesla to save hundreds of thousands of lines of code. However, training such AI autopilot requires a lot of computing power. Musk said in August, 2023 that Tesla will soon launch a GPU cluster consisting of 10,000 NVIDIA H100′ s to train the new FSD system.

  In terms of price, just in April, Tesla lowered its offer for FSD(Full-Self Driving, referred to as "FSD") twice to attract users. Just a week ago, Tesla announced that the price of its FSD system package was lowered by about one-third from $12,000 to $8,000, just after lowering the price of models in the Chinese and American markets. Prior to this, on April 13th, Tesla announced that the monthly subscription price of FSD (supervised) had dropped from $199 to $99, and the subscription price was directly "halved".

  Musk predicts that Tesla’s FSD test mileage needs to reach 6 billion miles to meet the requirements of global regulators. The data released by Tesla on April 6 shows that the actual test mileage of FSD is 1 billion miles. At present, Tesla FSD has been upgraded to the end-to-end version of V12.3, no longer relying on traditional rule codes, but relying entirely on neural networks and data drivers.

  According to industry experts, if Tesla FSD lands in China, the data collection, model training and computing center will be regarded as the key. () The research report points out that if FSD is popularized in China, the whole set of closed-loop data needs to be made in China, and preparations should be made in terms of data collection and model training, and whether the BEV sensing scheme can be well adapted locally should be considered. In China, FSD mapping may need to cooperate with China manufacturers, and Tesla needs to set up a local computing center and a local algorithm adaptation team.

  Us regulators release Tesla Autopilot survey summary report

  The National Highway Traffic Safety Administration (NHTSA) revealed last Friday that it has started a new investigation into Tesla. The survey covers Model Y, X, S, 3 and Cybertruck vehicles equipped with Autopilot, which were produced in the United States from 2012 to 2024.

  At the same time, NHTSA has launched an investigation into Tesla’s Autopilot recall in December last year. The agency found that the Autopilot autopilot system could not fully ensure the driver to concentrate on the driving task, and it would lead to the driver’s overconfidence in the function of the system. According to the report, these factors led to foreseeable misuse and avoidable accidents, of which at least 13 accidents involved one or more deaths.

  NHTSA concluded that there was a "critical safety gap" between the driver’s ability expectation of Tesla Autopilot system and the real ability of the system, which led to a series of avoidable accidents. Tesla conducted a recall of 2 million American Tesla vehicles in December last year, and improved the driver monitoring system of these vehicles through software upgrades.

  Tesla’s share price closed down 1.11% last Friday, with a cumulative decline of more than 30% this year. Tesla’s previously released financial report for the first quarter of fiscal year 2024 showed that the revenue in the quarter fell by nearly 9% year-on-year, the decline in revenue was the highest in 12 years, and the net profit dropped by 55% year-on-year. The key indicators of the financial report were all lower than expected.

  According to another report, US Securities and Exchange Commission (SEC) documents show that Drew Baglino, a former senior vice president of Tesla who announced his resignation earlier this month, sold about 1.14 million shares of the company, with a total value of about 181.5 million US dollars. According to the document, Baglino also reduced its holdings of Tesla shares twice this year, with a total value of about 4 million US dollars.

  Examined by: Zhu Jianhua Producer: Zhang Xiaoguang Issued by: Lin Yanxing.

Foreign media: China and Pakistan have reached an agreement to conduct large-scale trade using local currency instead of intermediate currency US dollar.

  [Global Network Reporter Zhang Xiaoya] According to Agence France-Presse, the Brazilian government said on March 29th that China and Brazil had reached an agreement to trade in local currency instead of using the US dollar as an intermediate currency.

  Agence France-Presse said that this agreement will enable China and Brazil, the largest economy in Latin America, to conduct large-scale trade and financial transactions directly, and exchange RMB for the real, and vice versa, instead of using the US dollar as an intermediate currency. The report said that the agreement was announced after the China-Pakistan high-level business forum held in Beijing. In January this year, the two sides reached a preliminary agreement on this.

  "This is expected to reduce costs … … Promote bilateral trade and investment facilitation. " The Brazilian Export Investment Promotion Agency said in a statement.

  Agence France-Presse said that China is Brazil’s largest trading partner, with bilateral trade reaching a record $150.5 billion last year.

  Bloomberg reported on March 25th that before Brazilian President Lula’s visit to China, hundreds of representatives of Brazilian agricultural enterprises "flocked to Beijing" this week, seeking to increase export cooperation with China and attract investment. Reuters also said that the delegation visiting China is huge, including cabinet ministers, governors, parliamentarians and 240 business leaders. Most of Brazil’s beef, soybeans and wood pulp are exported to China. Brazilian Foreign Ministry officials said that Brazil hopes to expand its trade with China beyond the export of iron ore, soybeans, soybean oil and meat, and is ready to sign agreements on technology, innovation and sustainable development.

  According to the news published on the website of the People’s Bank of China in February, recently, the People’s Bank of China and the Central Bank of Brazil signed a memorandum of cooperation on establishing RMB clearing arrangements in Brazil. The establishment of RMB clearing arrangements in Brazil will be beneficial to enterprises and financial institutions in China and Pakistan to use RMB for cross-border transactions, and further promote the facilitation of bilateral trade and investment.