How much has your pension increased this year?

　　According to incomplete statistics, as of July 8, 19 provinces, autonomous regions and municipalities such as Beijing and Hebei have determined the retirement pension adjustment plan for 2019. The consultation on Zhejiang’s 2019 retirement pension adjustment plan also ended in late June.

　　Table: Overview of the adjustment of basic pension quota for retirees in 19 provinces in 2019

　　Generally speaking, the adjustment plans of 19 provinces are mainly carried out in a combination of quota adjustment, hook adjustment and appropriate tilt adjustment. The overall adjustment level is determined according to about 5% of the monthly basic pension for retirees in 2018.

　　According to the reporter’s combing, it is found that the specific plan of Henan quota adjustment has not been made public yet, and the quota increase of other provinces clearly ranges from 22 yuan/month to 70 yuan/month.

　　From the perspective of adjustment objects, Hebei and Hainan provinces implement different adjustment schemes for retirees and retirees respectively. The basic pension for retirees in Hebei Province will be increased by 40 yuan every month, and the retired personnel will be increased by 22 yuan every month; 41 yuan and 25 yuan are added to Hainan’s retirees and retirees every month.

　　Other provinces have the same adjustment scheme for retired and resigned personnel. Among them, Liaoning divides the quota adjustment into five grades according to the time when retired (post) personnel take part in work, with the highest in 70 yuan and the lowest in 25 yuan. Hubei divides the quota adjustment into three grades according to the retirement time of retirees.

　　In terms of hook adjustment, all localities mainly adjust according to the payment period of pension insurance for retirees, so that those who pay more and pay more at work can get more pensions. In terms of tilt adjustment, the adjustment targets of various provinces mainly focus on retirees over 70 years old and retirees in hard and remote areas.

　　Compared with other provinces, Guangdong and Jiangsu provinces have a larger range of pension adjustment personnel: Guangdong follows the practice since 2016 and classifies retirees who received basic pensions for the first time in the first half of this year (January to June 2019) into this adjustment range; For the first time this year, Jiangsu included those who went through retirement and resignation procedures in the first half of this year (from January 1 to June 30, 2019) in the scope of this pension adjustment. The adjustment targets in other provinces are those who have gone through retirement and resignation procedures before December 31, 2018.

　　It is reported that the payment of pension adjustment amounts in various places will be reissued from January 1, 2019. At present, the amount of pension adjustment in Beijing and Shanghai in 2019 has been reissued. Shanxi, Inner Mongolia, Liaoning, Jiangsu, Zhejiang, Fujian, Henan, Guangdong, Guangxi, Ningxia, Xinjiang and other provinces are expected to complete the payment of adjusted pensions before the end of July; Hebei, Hubei and other provinces are expected to complete the payment of adjusted pensions before the end of August. (Intern Zhang Yifang)

　　A great weapon to stabilize the capital market this week has come! The long-rumored 180 billion pension finally entered the A-share market and began to invest. The investment trajectory of pension in A shares is becoming a topic of great interest to investors.

　　A few days ago, the Ministry of Human Resources and Social Security revealed at the relevant press conference that in terms of investment in basic endowment insurance funds, the governments of nine provinces (autonomous regions and municipalities) such as Beijing and Anhui have signed entrusted investment contracts with the Social Security Fund Council, with a total contract value of 430 billion yuan, of which 180 billion yuan has been received and investment has begun.

　　Heavy

　　180 billion pensions began to invest.

　　180 billion yuan has been invested, and at least 250 billion yuan is on the way. The huge volume of pensions has attracted much attention. How big can the basic pension finally enter the market? How much does it flow into the stock market?

　　At present, there are two estimates in the industry. Dong Ke, a professor at Renmin University, predicted at the end of last year that the balance of basic pensions in China is about 3.5 trillion yuan, and it is expected to reach 5 trillion yuan in the next five years. The internal forecasts of some insurance institutions show that the balance of the national basic pension is at least 2 trillion yuan. These will not all be put into the stock market. The Ministry of Human Resources and Social Security has made it clear that the total investment in equity products such as stocks will not exceed 30% of the net asset value.

　　As for the current size, the market believes that the Social Security Fund Council has been entrusted with a basic pension of 180 billion yuan, and the upper limit of entering the stock market may be 54 billion yuan.

　　direction of a current

　　16 pension portfolios are new.

　　What investments did the 180 billion yuan make? How are these funds allocated? The third quarterly report of listed companies unveiled the investment trajectory of pension portfolio in the A-share market in response to the pension market’s concern.

　　Wind data shows that as of October 31, the basic endowment insurance fund portfolio bought six stocks in the third quarter, and all of them were new in the third quarter. These six stocks are Dahao Technology, Shangfeng Cement, Hudian, Tiandi Technology, Guangzhou Restaurant and Rongan Real Estate. The market found that the accumulated market value of the pension portfolio for these six stocks was only 197.3888 million yuan, which was only a small test stage compared with the large army of 180 billion yuan. In the second quarter of this year, the pension portfolio bought a small amount of three stocks, namely Zhenghai Magnetic Materials, Jiuyang Shares and Shoushang Shares. However, as of the end of the third quarter of this year, the pension portfolio reduced all three stocks.

　　The pension portfolio is very active in playing new shares offline. As of October 31, 16 pension portfolios have spent more than 86.9 billion yuan to "innovate" offline. Analysts said that for pensions, investment pays more attention to safety and decentralization. Pensions may be biased towards absolute returns, and there can be no sustained long-term losses, which is also confirmed by participating in the subscription of new and convertible bonds. Pensions have also participated in Palm Shares, Luoyang Molybdenum Industry and Tapai Group through fixed increase, and have already made great floating profits.

　　The market believes that the long-term style of each basic pension insurance portfolio remains to be seen, but individual style differences have been revealed. For example, the 801 portfolio continues the style of Guangdong-style funds and is good at tapping investment opportunities from sub-new companies. The 802 portfolio embodies the characteristics that veteran investment managers are good at portfolio allocation. The 903 combination has a unique sense of smell for policy-sensitive periodic varieties.

　　According to the latest third quarterly report, the basic endowment insurance fund 801 has increased its holdings of Guangzhou Restaurant, a new share, and has become the largest tradable shareholder of the stock. At the same time, the portfolio significantly reduced its shareholding in Shoushang, which is a commercial stock held by a fund and Niusan. The 802 combination of basic old-age insurance significantly reduced its holdings of Jiuyang shares and Zhenghai magnetic materials, and increased its holdings of Hudian shares. The stocks that have been reduced are well-known home appliance stocks and new energy vehicle concept stocks, while the holdings are component companies held by many institutions. The 903 portfolio of basic endowment insurance increased its holdings of Shangfeng Cement and Rongan Real Estate in this quarter, both of which are related to the industrial chain of infrastructure real estate. And the basic pension portfolio is the only fund management institution among the top ten tradable shareholders of these two companies. In addition, the basic old-age insurance 804 portfolio increased its holdings of Tiandi Technology, and the 904 portfolio increased its holdings of Dahao Technology.

　　safe

　　All localities only use surplus funds for investment and operation.

　　The person in charge of the relevant department of the Ministry of Human Resources and Social Security said that after the investment and operation of the pension insurance fund, all localities set aside pensions to ensure the current payment, but only used the surplus funds for investment and operation. Insured people do not have to worry that the timely and full payment of their pensions will be affected, and the investment and operation of the fund is conducive to ensuring the future pension payment.

　　At the same time, the Ministry of Human Resources and Social Security said that the Ministry of Human Resources and Social Security and the Ministry of Finance have improved the supervision system and mechanism to ensure its safety in many ways. The Ministry of Human Resources and Social Security said that the endowment insurance fund will be collected by the provincial government and entrusted to operate centrally.

　　The endowment insurance fund will invest in a diversified way, not putting eggs in one basket, and will choose more mature investment varieties for investment. The state will give special policy support, and ensure long-term stable income by participating in major national projects and major projects, and participating in the restructuring and listing of key state-owned enterprises.

　　The market also noticed the firewall system of pension investment. According to the Ministry of Human Resources and Social Security, according to regulations, investment institutions and trustee institutions respectively set up risk reserves at 20% of management fees and 1% of annual investment income, which are specially used to make up for possible losses in pension fund investment.

　　organization

　　The investment team is professional and experienced.

　　Because the pension pursues long-term and stable income, the team qualified for pension investment should also be tested by the market.

　　The market has noticed that the investment performance of pensions is actually contributed by teams at two levels. On the one hand, the management team of the National Social Security Fund Council is responsible for the allocation of funds and assessment. On the other hand, the team of investment institutions responsible for investment in one or several professional directions.

　　It is understood that the "XXX Portfolio of Basic Endowment Insurance Fund", which has attracted much attention from the market, is actually a portfolio managed by an investment management institution in a certain direction. The assets of this portfolio usually focus only on a certain field of investment and do not make too many position adjustments, and its scale is dynamically adjusted by the social security fund according to the situation. For example, the pension portfolio starting with three characters is basically a fixed-income portfolio (including institutions such as Nanfang, Penghua, Dacheng, Yin Hua, ICBC Credit Suisse, Huatai Asset Management, Taikang Asset Management and CITIC Securities), while those starting with eight characters and nine characters are actively managed equity portfolios (including institutions such as E Fund, Bosera, Huaxia, Jiashi, Fuguo and Dacheng).

　　Usually, investment institutions that undertake pension management portfolio will set up special teams to screen the best fund managers in a certain field to participate in pension management. This is the same as managing the social security fund portfolio at the beginning. Huaxia Fund launched Wang Yawei and Bosera Fund arranged Guijiang and Deng Xiaofeng. Historically, during the fluctuation period of the A-share market, the combination of national social security fund management had a very classic operation.

　　Text/reporter Liu Shenliang

　　related news

　　Public Offering of Fund, the goal of providing for the aged, is coming.

　　(Reporter Zhu Kaiyun) The China Securities Regulatory Commission recently issued the "Guidelines for Pension Target Securities Investment Funds (Trial)" (hereinafter referred to as the "Guidelines") for public comments.

　　What is the pension target securities investment fund? According to the exposure draft, the pension target fund refers to a publicly raised securities investment fund that aims at pursuing the long-term steady appreciation of pension assets, encourages investors to hold them for a long time, adopts mature asset allocation strategies, and reasonably controls the risk of portfolio fluctuation.

　　At present, it is of great significance and necessity to formulate "Guidelines" and launch "Pension Target Fund": First, it is conducive to giving full play to the role of professional financial management in Public Offering of Fund’s pension investment. Second, it is conducive to the formation of special pension investment fund product categories, which is convenient for investors to identify and choose investments. At present, there are a large number of Public Offering of Fund, which has exceeded 4,000, with different styles. Formulating the Guidelines and clarifying the relevant arrangements of pension funds in terms of investment strategy and investment ratio will help to form special pension fund product categories and facilitate investors to identify and choose. Third, it is conducive to the long-term sustainable and healthy development of pension funds. In recent years, the industry has introduced some pension funds one after another, and most of them have achieved good returns by adopting a prudent investment strategy and controlling their positions. Summarizing the operation experience of pension funds in the early stage to form industry standards is conducive to the long-term sustainable and healthy development of pension funds.

　　According to the "Guidelines", pension target funds should adopt a regular and open operation mode or set a minimum holding period for investors to match the investment strategy of the fund. The closed operation period or the minimum holding period of the pension target fund should be no less than one year. If the closed operation period or the minimum holding period of the pension fund is not less than one year, three years or five years, the proportion of the fund invested in stocks, equity funds and hybrid funds shall not exceed 30%, 60% and 80% in principle.

　　The Guidelines require that the pension target fund should include the word "pension target" in the fund name and reflect the investment strategy. The pension target fund adopting the target risk strategy also needs to specify the product risk level in the fund name. Other Public Offering of Fund, shall not use the word "pension". In the publicity and promotion materials of the pension target fund, it should be clear that the name of "pension" does not represent income guarantee or any other form of income commitment, and it should be marked in a prominent position that the product does not break the capital and may suffer losses.

[Today’s Aspect]

[Industry Wind Direction]

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

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

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

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

[Travel dynamics]

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

[Product Information]

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

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

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

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

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

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

Recently, "accelerating the development of new quality productive forces" has become a hot topic. In the 2024 Government Work Report, it was proposed that we should vigorously promote the construction of a modern industrial system, accelerate the development of new-quality productive forces, give full play to the leading role of innovation, promote industrial innovation with scientific and technological innovation, accelerate new industrialization, and improve total factor production.

In the field of travel, high-tech, high-efficiency and high-quality technological innovation is cultivating new quality productivity and providing passengers with a travel experience of "technology shines into reality".

T3′ s innovation-driven development ability has been continuously improved, and new industries have been actively cultivated, which not only effectively improves the service quality, but also makes outstanding achievements in low-carbon development and social employment promotion. According to the 2023 Travel Consumption Report released by T3 Travel, the cumulative order volume of T3 Travel in 2023 increased by 160% year-on-year. During the Spring Festival this year, the overall taxi travel demand of passengers increased by 254.5% year-on-year.

Launching a "building" model, autonomous driving is more "smart"

Relying on the real travel data of sea volume, T3 Travel and China Telecom jointly built the first large-scale travel ecological model in China-"Qianmo", and took the lead in putting "Artificial Intelligence+"into the field of mobile travel.

It is understood that with its excellent data processing ability and high-precision algorithm, the big model can not only flexibly respond to the changeable and complex scenes and needs of the travel industry, but also optimize operational efficiency, enhance passengers’ travel experience, and even realize the in-depth insight and accurate prediction of autonomous driving scenes, thus promoting the intelligent development of autonomous driving technology and making it more "smart".

Behind this is the automatic driving field of T3 travel continuous layout. In 2020, T3 Travel teamed up with more than 30 partners, including Suzhou High-speed Rail New City, vehicle companies and technology companies, to take the lead in establishing the first domestic autonomous driving ecological operation alliance-Shantou Alliance. In September, 2021, Robotaxi (self-driving taxi) project was launched together with canoe Zhihang. Up to now, the cumulative mileage of T3 self-driving taxi project has exceeded 600,000 kilometers, attracting more than 80,000 people’s experiences. In the next step, T3 Travel will continue to operate self-driving taxis in other cities.

Alex Xiao, the person in charge of T3 travel autopilot business, said that autopilot technology has strong adaptability with online car service. "Safety is the most important consideration in service quality. Self-driving vehicles reduce human errors through advanced sensors and algorithms, such as speeding, fatigue driving and distraction. " Alex Xiao said, "Autopilot technology will increase the frequency of individual vehicle services and improve operational efficiency. With the policy supervision and mature technology, unmanned self-driving travel service operation will become possible, and the vehicle service cycle will be extended. In the long run, labor costs will be reduced, and passenger travel costs will be gradually reduced. "

Joint carbon Pratt & Whitney platform to refresh the new experience of green travel

"This platform can be exchanged for prepaid phone bills or subway tickets, and now it can also directly exchange emission reductions into digital RMB wallets. This activity can inspire us to choose a greener way to travel. " Ms. Zhang, a citizen of Qingdao said.

From the end of 2023, passengers in Shanghai and Qingdao will choose to travel by T3 and take new energy vehicles, and they will get corresponding carbon inclusive emission reduction. In the two applications of "Green Carbon Bank" and "Shanghai Carbon Bank", these emission reductions can be converted into digital RMB in real time. Among them, Qingdao passengers can get 153 grams of carbon emission reduction per kilometer on the platform of "Green Carbon Tour" when they travel in T3, and users in Shanghai can get 100 grams of carbon emission reduction per kilometer on the platform of "Shanghai Carbon Tour". After collecting this emission reduction, passengers can exchange it for low-carbon rights such as digital RMB or travel vouchers in real time.

The activities jointly launched by the two carbon inclusive platforms of "Green Carbon Bank" and "Shanghai Carbon Bank" have won wide acclaim. It is understood that T3 travel has landed carbon inclusive platform cooperation in many cities, which not only brings intuitive green travel achievement to passengers, but also contributes to urban emission reduction. In July 2023, T3 Travel announced that it would jointly promote the construction of a "green travel service system" with Chongqing’s "Carbon Huitong" platform, and realize the opening of accounts between the two parties. Chongqing passengers can obtain carbon emission reduction by using T3 to travel in new energy vehicles. Wuhan Carbon Pratt & Whitney comprehensive service platform "Wutan Jianghu" was officially put into operation, and T3 Travel became the first partner of the car industry of Wutan Jianghu.

T3′ s trip was also recognized by the authorities. In the "2022-2023 Low-carbon Model Unit of Urban Transport" collection activity initiated by China Urban Public Transport Association, the "Low-carbon Application Scheme Based on Big Data Technology of Internet Car" created by T3 Travel became one of the 28 selected cases; "Digital application case of carbon footprint of network car" was selected as a typical case of digital technology enterprises in 2022.

Practice social responsibility and smooth flexible employment channels

On March 19th, during the spring recruitment season, at the recruitment point of No.18 Xianyao Road, Qixia District, Nanjing, the recruitment of drivers for T3 trip to Nanjing was under way.

"In the spring of 2023, we provided 100,000 flexible jobs. This year, we recruited for 80 operating cities across the country, and the number of jobs increased to 120,000, a year-on-year increase of 20%. " Guo Hui, head of T3 Travel Service Center, said. Previously, T3 Travel also launched targeted recruitment for retired soldiers, silver-haired drivers and other groups. On December 21st, 2023, the Department of Veterans Affairs held the signing ceremony of the fourth batch of veterans employment cooperation enterprises in Beijing. Many enterprises, such as T3 Travel, will open more than 264,000 high-quality jobs for veterans in 2024, and provide special promotion channels for career growth.

According to the agreement, T3 will actively follow the principle of giving priority to recruitment, and devote itself to providing a series of flexible employment positions that are in line with its geographical and academic characteristics and are well paid. In 2024, T3 plans to open more than 1,000 network car driver positions to meet the employment needs of more retired military personnel. At the same time, T3 Travel will also set up a special career promotion channel for retired soldiers. Individuals with outstanding performance will have the opportunity to be promoted to important positions such as captain, manager and vehicle manager, and further expand their career development path.

In addition, in many public welfare activities organized by T3 travel platform, such as caring for the test team, AED team and "Baby Going Home" team looking for missing children, the retired soldiers also actively participated and made selfless contributions, explaining the spirit of retirement with practical actions.

Liu Zhihua, a driver who traveled to Qingdao at T3, said that he had been engaged in the automobile tire industry in his hometown in Jiangxi before, and later went to Qingdao to look for opportunities, and first found an industry transition. It was undoubtedly the best choice at that time to get a car online. He said: "I leave at five or six o’clock every morning, and now the monthly running water can reach 15,000 yuan, and the net income exceeds 10,000 yuan. I feel that I can increase my income with hard work." Liu Zhihua is full of confidence in the future. "I plan to work for another few years and bring my family to Qingdao."

"The network car industry has become an important channel to promote employment. We will continue to expand employment supply, improve the driver security system, help stabilize employment, ensure employment and promote development. " Cui Dayong, CEO of T3 Travel, said.

[Text/Caiquan Society & Daoge said that the car is shallow] When the price of domestic cars became more and more "outrageous", smart began to stretch. I still remember that the impression of smart at the beginning of the year was 200,000 exquisite cars. On April 14th, the rejuvenated smart Elves #1 and #3 actually jumped directly from 154,900 yuan and 164,900 yuan, which was really surprising. Among them, the guide price range of smart Genie #1 is 154,900-199,900 yuan, and the price is lowered by 25,000-26,000 yuan compared with the old model; The guide price range of smart Wizard #3 is 164,900-219,900 yuan, and the price is lowered by 36,000-55,000 yuan compared with the old model. The adjustment of price strategy reflects smart’s essential understanding of the current competition in the electric vehicle market in China.

While the product price is more close to the people, smart Elves #1 and #3 have repositioned the two products for the domestic market. According to the market environment and user research, some configurations are optimized in the new version, so as to better meet the actual consumption needs of users. At the same time, smart provides a variety of optional packages for close friends to match freely to meet the individual needs of users.

In order to help close friends have the Elf car as soon as possible, smart also launched multiple exclusive rights of close friends in a limited time, including limited-time optional preferential rights, flexible purchase and gift rights, free rights of special colors, replacement rights, repurchase rights, and delivery of bonus points. At the same time, there are various financial schemes such as "0 down payment" and "limited time and low interest" with the lowest annualized rate of 1.99%. The minimum daily supply is only a cup of milk tea, so that close friends can easily own a new luxury car. In addition, close friends can also enjoy four basic rights and interests, including super-long vehicle warranty, super-long three-power core parts warranty, worry-free one-button road rescue, unlimited traffic of vehicles and machines, which is thoughtful and sincere.

New luxury smart SUV, #1 riding the dust!

As the first global pure electric vehicle of smart brand, smart Elf #1 has been highly praised by the industry media and users for its new luxury aesthetics and excellent handling in different road conditions since its launch. Recently, this car has been delivered in batches in Hong Kong. The volume of orders in the past two months even exceeded the total sales of Porsche in Hong Kong in 2023. Among them, the performance version of BRABUS accounts for more than 90% of the orders, making it a veritable dark horse of the same class in the local sales. This achievement is undoubtedly remarkable for Hong Kong, a highly competitive market with picky consumers’ tastes.

Nowadays, this boutique car that has been riding in many consumer markets has ushered in a new look. In terms of face value, we continue to adopt the design philosophy of "Sensibility and Lingrui" tailored by Mercedes-Benz global design team: light and shadow penetrating front and rear LED headlights, frameless doors and hidden door handles, and "inspiration ring" suspended contrasting roof, which fully demonstrates the new luxury and fashion taste.

In the interior, it inherits the design concept of "compact outside and wide inside", with 20 flexible storage spaces and a minimalist T-shaped intelligent cockpit, creating a high-quality inspiration space for exclusive close friends.

Intelligently, it is equipped with the smart Pilot Assist intelligent driving system and the smart OS full-scene digital eco-car system, so that each elf has a lively and lovely elf assistant Avatar, and users can enjoy the intelligent and comfortable driving experience at any time.

New luxury sports coupe, open the door and see #3!

As the second global masterpiece of smart Elf series, smart Elf #3 has been released and delivered in many markets such as China and Europe, and has become the love of global hipster fans.

Externally, following the design philosophy of "sensibility and agility", smart Genie #3 won the blessing of the global design team of Mercedes-Benz: the avant-garde and dynamic slip-back shape, combined with the organic combination of muscular feeling and life lines, "stealing the mirror".

In terms of interior, the sports car-class low sitting posture, T-shaped smart cockpit with integrated embracing coupe seat and 1.6m2 immersive canopy further enhance the new luxury sports atmosphere owned by Smart Elf #3, which is "true atmosphere".

In addition, smart Genie #3 has the leading dynamic driving performance at the same level, and the dynamic four-wheel drive version is equipped with a dual-motor intelligent four-wheel drive system, which only takes 4.3s to accelerate 100 kilometers. The whole system adopts the former McPherson rear five-link independent suspension, and the sports chassis jointly adjusted by the smart team and the Mercedes-Benz expert team is "driving and controlling the true type".

It is worth mentioning that, at the launch conference of smart Genie #1 and #3, Tong Xiangbei, CEO of smart Brand Global Company, also implicitly poked a certain meter with high popularity recently. He sat in the car for example: this textured rubber made three bulges and hold the cup by the elasticity of the bulges. In this way, it lost eight moving parts compared with us. How much did it cost? Of course, this kind of texture looks like a brand from a distance, but in fact, if you look at this detail carefully, there is no way to see it everywhere.

The implication is that the control of smart cars in details is quite exquisite, which is not the same as that of some brands.

It can be seen that in order to occupy a place in this year’s more involved competition in China electric vehicle market, smart has not only prepared for the price, but also prepared for the product quality control. Smart Elves #1 and #3, which are already famous, will undoubtedly become a strong support for brand sales after price reduction and upgrading.

At the beginning of the year of "global transition", smart will continue to adhere to the core operation concept of "user center", bring new luxury travel and luxury quality to more close friends with a new look, and constantly "explore the best solution for future urban transportation".

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

　　I. Business Summary

(A) business model

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

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

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

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

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

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

Second, the operation review

(1) Business plan

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

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

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

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

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

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

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

2. Continuously improve the research and development strength.

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

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

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

4. Continue to expand domestic and international markets.

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

(2) Industry situation

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

I. Overview of Industry Development

(A) the industry environment

5. Honors won

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

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

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

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

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

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

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

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

(2) Industry characteristics

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

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

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

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

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

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

Second, the industry competition pattern analysis

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

(1) Market size

1. Wireless communication test instrument market

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

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

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

(B) Industry demand analysis

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

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

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

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

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

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

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

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

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

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

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

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

(III) Information on key enterprises in the industry

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

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

1, the United States is German technology.

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

2. Rod and Schwartz

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

3. CLP Koster

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

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

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

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

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

(1) Chuangyuan Microwave Scholarship Issuance

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

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

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

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

Iv. risks faced by the company and countermeasures

(A) the risk of intensified market competition

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

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

(B) the risk of brain drain

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

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

(C) Technology R&D and product development risks

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

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

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

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

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

(E) Risk of government subsidies

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

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

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

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

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

On December 21st, the National Conference on Industry and Informatization was held in Beijing. The meeting adhered to the guidance of the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era, fully implemented the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee, thoroughly studied and implemented the important exposition of the Supreme Leader’s General Secretary on new industrialization, conscientiously implemented the deployment requirements of the Central Economic Work Conference and the National New Industrialization Promotion Conference, summed up the work in 2023 and deployed the tasks in 2024. Jin Zhuanglong, Party Secretary and Minister of the Ministry, attended the meeting and delivered a speech. The leaders of the Ministry attended the meeting. The competent departments of industry and information technology in Liaoning, Jiangsu, Shandong, Hubei and Sichuan provinces and the main responsible comrades of Shanghai Communications Administration made exchange speeches.

The meeting held that promoting new industrialization is a major strategic deployment made by the CPC Central Committee with the Supreme Leader as the core to coordinate the overall situation of the great rejuvenation strategy of the Chinese nation and the unprecedented changes in the world in the past century. Since the 18th National Congress of the Communist Party of China, the General Secretary of the Supreme Leader has raised the flag and steered the ship, and made an important exposition on a series of major theoretical and practical issues in promoting new industrialization, which greatly enriched and developed our party’s regular understanding of industrialization and provided a fundamental follow-up and action guide for promoting new industrialization. To understand the important exposition of the Supreme Leader General Secretary on new industrialization, we must uphold the Party’s overall leadership in promoting new industrialization, deeply understand the strategic orientation of promoting new industrialization, firmly anchor the overall goal of promoting new industrialization, accurately grasp the important principles of promoting new industrialization, fully implement the key tasks of promoting new industrialization, master the methods and paths of promoting new industrialization, adhere to the integration of learning, thinking and practice, and turn learning results into practical actions to promote new industrialization.

The meeting pointed out that 2023 is the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China, a year of economic recovery and development after three years of COVID-19 epidemic prevention and control, and a landmark year in the history of China’s industrial development. The CPC Central Committee held a national conference to promote new industrialization, and the General Secretary of the Supreme Leader made important instructions, pointing out that in the new era and new journey, it is a key task to comprehensively promote the construction of a strong country and the great cause of national rejuvenation with Chinese modernization and realize new industrialization. The whole system conscientiously implemented the decision-making arrangements of the CPC Central Committee and the State Council, solidly carried out the education on studying and implementing the theme of Socialism with Chinese characteristics Thought of the Supreme Leader in the new era, kept upright and innovative, and worked in unity, thus successfully completing the tasks for the whole year. The industrial economy is on the rise. It is estimated that the industrial added value will increase by more than 4.3% year-on-year, and the proportion of manufacturing added value to GDP will be basically stable, and the overall scale will remain the first in the world for 14 consecutive years. The construction of major projects in the "14 th Five-Year Plan" was accelerated. The national defense science and technology industry and the tobacco industry maintained rapid growth. The pace of high-quality development of key industrial chains in manufacturing industry has accelerated. The industrial base reconstruction project and the key technical equipment research project were steadily advanced, and new breakthroughs were made in key areas such as industrial mother machine and key software. The C919 large passenger plane was put into commercial operation, and the first large domestic cruise ship "Aida Modu" was officially named and delivered. The 16 MW offshore wind turbine with the largest single unit capacity in the world was connected to the grid for power generation, the domestic ECMO completed registration and evidence collection, the intelligent 6-line cotton picker realized mass production, and Shenzhou 16 and 17 were successfully launched.The innovation system of manufacturing industry has been continuously strengthened. There are 29 national and 260 provincial manufacturing innovation centers, 178 national high-tech industrial development zones and 465,000 high-tech enterprises. Implement the "Party and State Institutional Reform Plan" and complete institutional transfer and function undertaking. The industrial structure was further optimized and upgraded. From January to November, the added value of high-tech manufacturing industry above designated size increased by 2.3% year-on-year, and the added value of equipment manufacturing industry increased by 6.4% year-on-year. The export of new energy vehicles, lithium batteries and photovoltaic products increased rapidly, and the export of new energy vehicles reached 1.091 million. The international market share of the three major indicators of shipbuilding industry continues to lead the world. Nearly 10,000 digital workshops and smart factories have been built, and 5,100 state-level green factories have been established, further improving the comprehensive utilization efficiency of industrial resources. A series of industrial transfer and development docking activities have achieved results, and the construction of 45 state-level advanced manufacturing clusters has been accelerated. The pace of specialized and innovative development of small and medium-sized enterprises has accelerated. Accumulatively cultivated 12,000 "little giant" enterprises, 103,000 specialized and innovative small and medium-sized enterprises, and selected 100 characteristic industrial clusters of small and medium-sized enterprises. The first batch of pilot projects for digital transformation of small and medium-sized enterprises in 30 cities were launched, and a series of service activities for small and medium-sized enterprises were carried out, serving more than 9.5 million small and medium-sized enterprises in total. The high-quality development of the information and communication industry has been solidly promoted. It is estimated that the total telecom business will increase by about 16% year-on-year, and the revenue of software and information technology services will increase by about 13% year-on-year. As of November,A total of 3.282 million 5G base stations have been built, and the number of gigabit broadband users has doubled compared with the same period last year. The 6G technical test was accelerated. The reform and innovation of information and communication supervision have been further promoted, the emergency communication capability has been significantly enhanced, the network and data security have been strengthened, and the level of development and utilization of radio spectrum resources and the ability of electromagnetic space security have been further improved. Successfully completed major events such as communication services, network security, and radio security. The industrial development environment has been continuously optimized. We issued and implemented a number of important policy initiatives, established a normalized exchange mechanism between manufacturing enterprises and small and medium-sized enterprises, implemented the special project of "financial integration of science and technology industries", and continued to promote international cooperation. Promote the comprehensive and strict management of the party to develop in depth. Fully support and cooperate with the central inspection, insist on changing as soon as you know it, make reforms in a down-to-earth manner, lead high-quality development with high-quality party building, and further boost the entrepreneurial spirit of cadres and officials in party member.

The meeting pointed out that 2024 is the 75th anniversary of the founding of People’s Republic of China (PRC), a crucial year to achieve the objectives and tasks of the 14th Five-Year Plan, and an important year to fully implement the deployment of the National New Industrialization Promotion Conference. We must adhere to the guidance of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, fully implement the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee, thoroughly study and implement the important exposition of the Supreme Leader’s General Secretary on new industrialization, conscientiously implement the deployment requirements of the Central Economic Work Conference and the National New Industrialization Promotion Conference, adhere to the general tone of striving for progress while maintaining stability, comprehensively implement the new development concept, and make overall plans for high-quality development and high-level security. Vigorously promote new industrialization, implement high-quality development actions of key manufacturing industry chains, enhance industrial scientific and technological innovation capabilities, transform and upgrade traditional industries, consolidate and upgrade advantageous industries, cultivate and expand emerging industries, lay out future industries in a forward-looking way, support the specialized and innovative development of small and medium-sized enterprises, accelerate the construction of a modern industrial system with scientific and technological innovation as the guide and advanced manufacturing as the backbone, and provide a solid material and technical foundation for comprehensively promoting the construction of a strong country and the great cause of national rejuvenation with Chinese modernization.

The meeting stressed that in 2024, we should focus on high-quality development, highlight key points, grasp the key points, and do a good job in 12 key tasks. First, make every effort to promote the steady growth of the industrial economy. We will do a good job in implementing the policy of steady growth, implement the work plan of steady growth in ten major industries in depth, support major industrial provinces to continue to "take the lead" and do a good job in economic propaganda, policy interpretation and public opinion guidance. Deepen the "three products" action of raw materials and consumer goods, and boost the mass consumption of new energy vehicles and electronic products. Deepen the integration of production and operation, and do a good job in ensuring the service of key foreign-funded projects in manufacturing. Keep the tobacco industry growing steadily. The second is to fully implement the high-quality development actions of key manufacturing industry chains. Make overall plans to promote key core technology research projects, industrial base reconstruction projects and major technical equipment research projects, strengthen application traction, speed up technical research breakthroughs and application of achievements, and realize "turning points into pearls and beads into chains". The third is to enhance the ability of industrial scientific and technological innovation. Vigorously promote the deep integration of scientific and technological innovation and industrial innovation, implement major scientific and technological innovation projects in depth, continuously optimize the innovation platform network, accelerate the cultivation of innovative enterprises, and create an upgraded version of the "Torch" brand. Promote the park to improve quality and efficiency, and start to create a national new industrialization demonstration zone. The fourth is to speed up the transformation and upgrading of traditional industries. We will implement the technological transformation and upgrading project of manufacturing industry, support the equipment renewal of enterprises, and accelerate the transformation and upgrading of key industries such as steel, nonferrous metals and light industry. Promote the manufacturing industry’s "intelligent change from digital to network", deepen the pilot demonstration of intelligent manufacturing, and promote the construction of open source system. Continue to do a good job in industrial transfer and development docking activities. The fifth is to consolidate and enhance the leading position of advantageous industries.Accelerate the strong chain to supplement the chain and extend the chain to enhance the competitiveness of the whole industry. Support the development of new energy vehicle power exchange mode, and do a good job in the pilot area of comprehensive electrification of vehicles in the public sector. Strengthen the standard guidance and quality supervision of photovoltaic industry. Promote high-end applications of rare earths in aerospace, electronic information, new energy and other fields. Sixth, accelerate the cultivation of emerging industries. We will launch a pilot program of intelligent networked vehicle access and road traffic, and promote the scale application of Beidou and the development of satellite Internet. We will expand new industries such as new energy, new materials, high-end equipment, biomedicine, high-end medical equipment and safety emergency equipment, and create new growth points such as bio-manufacturing, commercial aerospace and low-altitude economy. Introduce an action plan for future industrial development, aim at humanoid robots, quantum information and other industries, and strive to break through key technologies, cultivate key products, and expand scene applications. The seventh is to promote the high-quality development of the information and communication industry. Coordinate the work of "construction, use and research", promote the scale deployment of 5G and Gigabit optical networks, speed up the layout of intelligent computing facilities, and strengthen the pre-research of 6G. Innovate the supervision of the information and communication market, further promote the construction of morals and rectification work, and improve the emergency communication plan and command system. Promote the large-scale application of 5G and issue guidance on the high-quality development of industrial Internet. Carry out special actions to protect and improve key information infrastructure to improve the data security management level of the industry. Eight is to promote green and low-carbon industrial development. Steadily promote carbon emission reduction in the industrial sector, strictly control the new production capacity of steel, cement and flat glass, carry out industrial digital carbon management pilot projects, and thoroughly implement industrial energy efficiency and water efficiency improvement actions.Actively explore the market-oriented ways of comprehensive utilization of emerging solid wastes, vigorously develop green and low-carbon industries, and comprehensively promote green manufacturing. Nine is to promote the high-quality development of SMEs. We will implement a number of inclusive assistance policies, support the innovation and development of specialized and new enterprises through multiple channels, and carry out in-depth pilot projects of digital transformation cities for small and medium-sized enterprises and special actions of "three taxes". Accelerate the construction of a "network" for small and medium-sized enterprises nationwide. In-depth implementation of a series of activities to promote the development of large, medium and small enterprises. The tenth is to optimize the layout of the national defense science, technology and industry system and consolidate and improve the strategic system and capabilities of the integrated country. Eleven is to support the "double first-class" construction of subordinate colleges and universities. Strengthen Party building, ideological and political work, build a discipline and specialty system with distinctive features and outstanding advantages, cultivate top-notch innovative talents, support subordinate universities to participate in the construction of national laboratories, and ensure campus security and stability. The twelfth is to improve the modernization level of industry governance. Strengthen the normative guidance for industries with overcapacity. Implement the pilot project of new industry standardization. We will implement measures to fully open the manufacturing industry to the outside world, relax access to the telecommunications market, and deepen cooperation in bilateral and multilateral mechanisms. Do a good job in the implementation of key projects such as manufacturing personnel training. Strengthen the construction of communication management bureau. Support subordinate units to focus on the main business, highlight the characteristics, and build core support capabilities. Strengthen the supervision of the civil explosive industry, and do a good job in the supervision of safety production in the communication industry and the construction of communication facilities. Do a good job in major events and emergency communication services, network security, radio security and other security work.

The meeting stressed that it is necessary to further strengthen the Party’s innovative theory, thoroughly study and implement the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, thoroughly understand the important exposition of the Supreme Leader’s General Secretary on new industrialization, firmly defend the "two establishments", resolutely achieve the "two maintenances", do a good job of "three exemplary models", build a model organ, and walk well in the "first phalanx". We should pay close attention to implementation, resolutely implement the arrangements of the Central Economic Work Conference and the National New Industrialization Promotion Conference, pay attention to coordination, strengthen investigation and study, improve the ability to perform their duties, resolutely correct formalism and bureaucracy, make up our minds to streamline forums, exhibitions and other activities, take the lead in living a tight life, and fully accomplish all the goals and tasks in 2024. It is necessary to create a good atmosphere for entrepreneurs, carry forward the spirit of "two bombs and one satellite", the spirit of manned spaceflight, the spirit of artisans and the fine tradition of "Harbin Military Industry", advocate a strict and meticulous work style, be resolute and resolute, unite and cooperate, and be dedicated and standardized, and give opportunities to entrepreneurs, give stage to those who can do things, and give incentives to those who can do things, so as to further boost the entrepreneurial spirit of cadres and cadres in party member. It is necessary to comprehensively strengthen party building, run the requirements of strictly administering the party in an all-round way through the whole process of all aspects, earnestly support and cooperate with the central inspection, earnestly do a good job in the central inspection and rectification tasks, and promote the "three red lines" of integrity, confidentiality and safety in an all-round way, and lead high-quality development with high-quality party building.

The meeting demanded that at the end of the year and the beginning of the year, we should tighten the string of ensuring people’s livelihood, safety and stability, and do a solid job in enterprise assistance, holiday market supply, communication services, radio detection, safety production, emergency duty and other work. Organize condolences to retired cadres and old workers. Strictly implement the spirit of the eight central regulations and their detailed rules for implementation, seriously investigate and deal with the "four winds" issue, and ensure a clean and upright atmosphere during the festival.

(Original title: "National Conference on Industry and Informatization Held in Beijing")

According to CCTV news, the reporter learned from the press conference on the prevention and control of COVID-19 epidemic in Baise City, Guangxi Province held in Debao County on the afternoon of the 14th that some people found that they had never been to medium and high-risk areas, but the health code turned into a yellow code or a red code. If this happens, it can be transcoded in the following ways:

First, through the abnormal feedback function of Guangxi Health Code-Scan Code Anti-epidemic applet, we can make independent complaints about personal health code abnormality, upload screenshots of travel cards, screenshots of nucleic acid detection reports, health commitment letters and other supporting materials, and the administrators of counties, townships or towns, streets and districts will complete the processing within 24 hours after receiving the information reminder of the health code abnormality feedback processing list within their jurisdiction.

The second is to report to the unit, the property of the residential area and the local community and village by telephone. By the county or township, street zoning administrator to meet the conditions of restoring the green code personnel transcoding.

Third, other situations can be consulted and reflected through the 12345 hotline.

Editor Zhao Xi

　　KimberlyKardashian, an American actress, has multiple identities. She is a host, a fashion designer, a good friend of ParisHilton, and a popular actress in the American hit reality show DancingwiththeStars.

　　She has a nickname "Celebrity with Big Breasts", and she is as famous as Paris Hilton because of the exposure of sex videos on the Internet. What is puzzling, however, is that people pay less attention to her sex videos than to her devil figure.

　　Cctv newsOn January 19th, the joint prevention and control mechanism of the State Council held a press conference on epidemic prevention and control during the Spring Festival.

　　At the meeting, a reporter asked whether people who have not yet been infected with Covid-19 can safely return home for the New Year. What are the suggestions on protection? Do people who have recently been infected with Covid-19 still need protection when traveling?

　　Chang Zhaorui, a researcher at the Center for Disease Control and Prevention of China, said that people are generally susceptible to Covid-19. Some people who have not been infected do not rule out the influence of travel fatigue and frequent contacts during the Spring Festival, and the risk of infection will increase. It is suggested that relevant personnel should continue to do personal protection, keep regular work and rest, eat reasonably, exercise moderately, disinfect well and wear masks. The public who have been infected with Covid-19 should continue to do personal protection to prevent infection of other respiratory infectious diseases, including influenza.