Road Traffic Safety Law of the People’s Republic of China

(Adopted at the Fifth Session of the Tenth the NPC Standing Committee on October 28th, 2003, the first amendment was made in accordance with the Decision on Amending the Law of the People’s Republic of China on Road Traffic Safety of the 31st Session of the Tenth the NPC Standing Committee on December 29th, 2007, and revised in accordance with the Decision on Amending the Law of People’s Republic of China (PRC) on April 22nd, 2011. The second amendment to the Road Traffic Safety Law is based on the Decision on Amending the Road Traffic Safety Law of the People’s Republic of China and other eight laws of the 28th meeting of the 13th the NPC Standing Committee on April 29th, 2021).

catalogue

  Chapter I General Provisions

  Chapter II Vehicles and Drivers

  Section 1 Motor Vehicles and Non-motor Vehicles

  Section 2 Motor Vehicle Drivers

  Chapter III Road Traffic Conditions

  Chapter IV Road Traffic Regulations

  Section 1 General Provisions

  Section 2 Provisions on Traffic of Motor Vehicles

  Section 3 Provisions on Traffic of Non-motor Vehicles

  Section 4 Pedestrian and Passenger Traffic Regulations

  Section 5 Special Provisions on Expressway

  Chapter V Handling of Traffic Accidents

  Chapter VI Law Enforcement Supervision

  Chapter VII Legal Liability

  Chapter VIII Supplementary Provisions

Chapter I General Provisions

  Article 1 This Law is formulated for the purpose of maintaining road traffic order, preventing and reducing traffic accidents, protecting personal safety, protecting the property safety and other legitimate rights and interests of citizens, legal persons and other organizations, and improving traffic efficiency.

  Article 2 Vehicle drivers, pedestrians, passengers and units and individuals related to road traffic activities in People’s Republic of China (PRC) shall abide by this Law.

  Article 3 Road traffic safety work shall follow the principle of management according to law and convenience for the masses, and ensure orderly, safe and smooth road traffic.

  Article 4 People’s governments at all levels shall ensure that road traffic safety management is compatible with economic construction and social development.

  Local people’s governments at or above the county level shall adapt to the needs of road traffic development, formulate road traffic safety management plans according to road traffic safety laws, regulations and relevant state policies, and organize their implementation.

  Fifth the State Council public security department is responsible for the national road traffic safety management. The traffic administrative departments of public security organs of local people’s governments at or above the county level shall be responsible for the management of road traffic safety within their respective administrative areas.

  The transportation and construction management departments of the people’s governments at or above the county level shall be responsible for the relevant road traffic work according to their respective responsibilities.

  Article 6 People’s governments at all levels shall regularly carry out road traffic safety education to improve citizens’ awareness of road traffic safety.

  When performing their duties, the traffic administrative department of the public security organ and its traffic police shall strengthen the publicity of road traffic safety laws and regulations, and abide by them as an example.

  State organs, military units, enterprises and institutions, social organizations and other organizations shall educate their personnel on road traffic safety.

  Education administrative departments and schools should incorporate road traffic safety education into the content of legal education.

  The news, publishing, radio, television and other relevant units have the obligation to carry out road traffic safety education.

  Seventh of the road traffic safety management, we should strengthen scientific research, promotion and use of advanced management methods, technologies and equipment.

Chapter II Vehicles and Drivers

  Section 1 Motor Vehicles and Non-motor Vehicles

  Article 8 The State implements a registration system for motor vehicles. Motor vehicles can only be driven on the road after being registered by the traffic management department of the public security organ. If a motor vehicle that has not been registered needs to travel on the road temporarily, it shall obtain a temporary pass license.

  Article 9 To apply for motor vehicle registration, the following certificates and vouchers shall be submitted:

  (a) the identity certificate of the owner of the motor vehicle;

  (2) Proof of the origin of the motor vehicle;

  (3) The certificate of factory qualification of the whole motor vehicle or the import certificate of the imported motor vehicle;

  (four) the tax payment certificate or tax exemption certificate of vehicle purchase tax;

  (5) Other certificates and vouchers required by laws and administrative regulations to be submitted at the time of motor vehicle registration.

  The traffic administrative department of the public security organ shall complete the examination of motor vehicle registration within five working days from the date of accepting the application, and shall issue the motor vehicle registration certificate, license plate and driving license to those who meet the conditions specified in the preceding paragraph; If the applicant does not meet the requirements specified in the preceding paragraph, it shall explain to the applicant the reasons for not registering.

  No unit or individual other than the traffic administrative department of the public security organ may issue motor vehicle number plates or require motor vehicles to hang other number plates, except as otherwise provided in this Law.

  The style of motor vehicle registration certificate, license plate and driving license shall be stipulated and supervised by the public security department of the State Council.

  Article 10 A motor vehicle approved for registration shall meet the national technical standards for motor vehicle safety. When applying for motor vehicle registration, it shall accept the safety technical inspection of the motor vehicle. However, if the new car of a motor vehicle model produced by an enterprise recognized by the national department in charge of motor vehicle products according to the national safety technical standards for motor vehicles meets the national safety technical standards for motor vehicles and obtains the inspection certificate, it shall be exempted from safety technical inspection.

  Article 11 When driving a motor vehicle on the road, the motor vehicle number plate shall be hung, inspection marks and insurance marks shall be placed, and the motor vehicle driving license shall be carried with the vehicle.

  Motor vehicle number plates shall be hung in accordance with the regulations and kept clear and complete, and shall not be intentionally obscured or defaced.

  No unit or individual may confiscate or detain the motor vehicle license plate.

  Twelfth in any of the following circumstances, the corresponding registration shall be handled:

  (1) The ownership of the motor vehicle is transferred;

  (2) The contents of motor vehicle registration are changed;

  (3) Motor vehicles are used as collateral;

  (4) The motor vehicle is scrapped.

  Thirteenth of the registered motor vehicles on the road, should be in accordance with the provisions of laws and administrative regulations, according to the purpose of the vehicle, the number of passengers and cargo, service life and other different conditions, regular safety and technical inspection. To provide motor vehicle driving license and motor vehicle third-party liability compulsory insurance policy, motor vehicle safety and technical inspection institutions shall conduct inspection, and no unit may attach other conditions. To meet the national technical standards for motor vehicle safety, the traffic administrative department of the public security organ shall issue inspection marks.

  Socialization of safety technical inspection of motor vehicles. The specific measures shall be formulated by the State Council.

  Where the technical inspection of motor vehicle safety is socialized, no unit may require motor vehicles to go to designated places for inspection.

  The traffic administrative department of the public security organ and the motor vehicle safety technical inspection institution shall not require motor vehicles to go to designated places for repair and maintenance.

  Motor vehicle safety and technical inspection institutions shall charge fees for motor vehicle inspection, and shall strictly implement the charging standards approved by the competent price department of the State Council.

  Article 14 The state implements a compulsory scrapping system for motor vehicles, and sets different scrapping standards according to the safety and technical conditions and different uses of motor vehicles.

  Motor vehicles that should be scrapped must be cancelled in time.

  Motor vehicles that meet the scrapping standards are not allowed to drive on the road. Scrapped large passenger cars, trucks and other operating vehicles shall be disintegrated under the supervision of the traffic management department of the public security organ.

  Fifteenth police cars, fire engines, ambulances, engineering rescue vehicles should be in accordance with the provisions of spraying logo patterns, installation of sirens, sign lamps. Other motor vehicles are not allowed to spray, install or use logo patterns, sirens or sign lamps dedicated to or similar to the above-mentioned vehicles.

  Police cars, fire engines, ambulances and engineering rescue vehicles shall be used in strict accordance with the prescribed purposes and conditions.

  Special vehicles for highway supervision and inspection shall be equipped with unified signs and warning lights in accordance with the provisions of the Highway Law.

  Article 16 No unit or individual may commit any of the following acts:

  (a) assembling a motor vehicle or changing the registered structure, structure or characteristics of a motor vehicle without authorization;

  (2) Changing the model, engine number, frame number or vehicle identification code of a motor vehicle;

  (3) Forging, altering or using forged or altered motor vehicle registration certificates, number plates, driving licenses, inspection conformity marks and insurance marks;

  (four) the use of other motor vehicle registration certificate, license plate, driving license, inspection marks, insurance marks.

  Article 17 The State implements a compulsory motor vehicle third-party liability insurance system and establishes a social assistance fund for road traffic accidents. The specific measures shall be formulated by the State Council.

  Article 18 Non-motor vehicles that should be registered according to law can only drive on the road after being registered by the traffic administrative department of the public security organ.

  The types of non-motor vehicles that should be registered according to law shall be stipulated by the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government according to local actual conditions.

  The dimensions, mass, brakes, bells and night reflective devices of non-motor vehicles shall meet the technical standards for safety of non-motor vehicles.

  Section 2 Motor Vehicle Drivers

  Nineteenth driving a motor vehicle, should obtain a motor vehicle driver’s license according to law.

  To apply for a motor vehicle driver’s license, it shall meet the driving license conditions stipulated by the public security department of the State Council; After passing the examination, the traffic administrative department of the public security organ shall issue a motor vehicle driver’s license of the corresponding category.

  A person who holds an overseas motor vehicle driver’s license meets the driving license requirements stipulated by the public security department of the State Council, and can be issued a motor vehicle driver’s license to China after passing the examination by the traffic management department of the public security organ.

  The driver shall drive the motor vehicle according to the quasi-driving type specified in the driver’s license; When driving a motor vehicle, you should carry a motor vehicle driving license with you.

  No unit or individual other than the traffic administrative department of the public security organ may confiscate or detain the motor vehicle driving license.

  Article 20 The driving training of motor vehicles shall be socialized, and the competent department of transportation shall put on record the management of driving training schools and driving training courses, and strengthen the supervision of driving training activities, among which the specialized tractor driving training schools and driving training courses shall be supervised and managed by the competent department of agriculture (agricultural machinery).

  Driving training schools and driving training classes shall, in strict accordance with the relevant provisions of the state, train students in road traffic safety laws, regulations and driving skills to ensure the quality of training.

  No state organ or competent department of driving training and examination may hold or participate in holding driving training schools or driving training courses.

  Twenty-first drivers should carefully check the safety and technical performance of motor vehicles before driving them on the road; Do not drive a motor vehicle with potential safety hazards such as incomplete safety facilities or parts that do not meet technical standards.

  Twenty-second motor vehicle drivers should abide by the provisions of laws and regulations on road traffic safety, and drive safely and civilized in accordance with operating norms.

  Drinking alcohol, taking psychotropic drugs or narcotic drugs controlled by the state, or suffering from diseases that hinder safe driving of motor vehicles, or excessive fatigue affects safe driving, are not allowed to drive motor vehicles.

  No one shall force, instigate or condone the driver to drive a motor vehicle in violation of the laws and regulations on road traffic safety and the requirements for safe driving of motor vehicles.

  Article 23 The traffic administrative department of the public security organ shall, in accordance with the provisions of laws and administrative regulations, examine and verify the motor vehicle driving license on a regular basis.

  Twenty-fourth traffic management departments of public security organs shall, in addition to giving administrative punishment according to law, implement a cumulative scoring system for motor vehicle drivers who violate road traffic safety laws and regulations. The traffic administrative department of the public security organ shall detain the motor vehicle driver’s license for the motor vehicle driver whose cumulative score reaches the specified score, educate him on road traffic safety laws and regulations, and re-test; Those who pass the examination will be returned with their motor vehicle driver’s license.

  Motor vehicle drivers who abide by road traffic safety laws and regulations and have no accumulated points within one year may extend the examination period of motor vehicle driving licenses. The specific measures shall be formulated by the public security department of the State Council.

Chapter III Road Traffic Conditions

  Article 25 Unified road traffic signals shall be implemented throughout the country.

  Traffic signals include traffic lights, traffic signs, traffic markings and the command of traffic police.

  The setting of traffic lights, traffic signs and traffic markings shall conform to the requirements of road traffic safety and smoothness and national standards, and shall be clear, eye-catching, accurate and intact.

  According to the needs of traffic, road traffic signals should be added, replaced and updated in time. The addition, replacement and updating of restrictive road traffic signals shall be announced to the public in advance and widely publicized.

  Twenty-sixth traffic lights are composed of red light, green light and yellow light. Red light means no passage, green light means permission, and yellow light means warning.

  Article 27 Warning lights, warning signs or safety protection facilities shall be set up at intersections where railways and roads cross. Warning signs shall be set at a certain distance from the unattended railway crossing.

  Article 28 No unit or individual may set up, move, occupy or damage traffic lights, traffic signs and traffic markings without authorization.

  Trees or other plants planted on both sides of the road and the isolation belt, billboards, pipelines, etc., shall keep a necessary distance from traffic facilities, and shall not block street lamps, traffic lights, traffic signs, hinder the safe sight distance, or affect traffic.

  Article 29 The planning, design and construction of roads, parking lots and road supporting facilities shall meet the requirements of safe and smooth road traffic, and be adjusted in time according to the traffic demand.

  The traffic administrative department of the public security organ shall report to the local people’s government in time if it finds that there are frequent traffic accidents on the roads that have been put into use, or there are serious traffic safety hazards in parking lots and road supporting facilities, and put forward suggestions to prevent traffic accidents and eliminate hidden dangers, and the local people’s government shall make a decision in time.

  Article 30 Where roads are damaged by collapse, potholes, water damage and uplift, or traffic facilities such as traffic lights, traffic signs and traffic markings are damaged or lost, the maintenance department or management department of roads and traffic facilities shall set warning signs and repair them in time.

  If the traffic management department of the public security organ finds that the situation mentioned in the preceding paragraph endangers traffic safety and has not set up warning signs, it shall take timely safety measures to divert traffic and notify the maintenance department or management department of roads and traffic facilities.

  Thirty-first without permission, no unit or individual may occupy the road to engage in non-traffic activities.

  Thirty-second due to the need of engineering construction, occupy or dig roads, or cross roads, erect or add pipeline facilities, it shall obtain the consent of the competent department of roads in advance; If traffic safety is affected, the consent of the traffic management department of the public security organ shall also be obtained.

  The construction unit shall carry out the construction work within the approved road section and time, and set up obvious safety warning signs at a safe distance from the construction site in the direction of incoming vehicles, and take protective measures; After the completion of the construction work, the obstacles on the road should be quickly removed to eliminate potential safety hazards, and the traffic can be resumed only after the road authorities and the traffic management department of the public security organ have passed the acceptance and met the traffic requirements.

  The traffic administrative department of the public security organ shall strengthen the supervision and inspection of traffic safety and maintain the road traffic order for the construction roads without interruption of traffic.

  Thirty-third new construction, renovation and expansion of public buildings, commercial blocks, residential areas, large (medium) buildings, etc., should be equipped with construction, additional parking lots; If the parking space is insufficient, it shall be rebuilt or expanded in time; The parking lot put into use shall not be stopped or used for other purposes without authorization.

  Within the scope of urban roads, the relevant government departments can delimit parking spaces without affecting the passage of pedestrians and vehicles.

  Thirty-fourth schools, kindergartens, hospitals, nursing homes in front of the road without pedestrian crossing facilities, should be zoned crosswalk, set up signs.

  The sidewalks of major urban roads shall be provided with blind roads in accordance with the planning. The setting of blind roads shall conform to the national standards.

Chapter IV Road Traffic Regulations

  Section 1 General Provisions

  Thirty-fifth motor vehicles and non-motor vehicles are allowed to pass on the right.

  Thirty-sixth according to the road conditions and traffic needs, roads are divided into motor vehicle lanes, non-motor vehicle lanes and sidewalks, and motor vehicles, non-motor vehicles and pedestrians are divided into lanes. Without dividing motor vehicle lanes, non-motor vehicle lanes and sidewalks, motor vehicles pass in the middle of the road, and non-motor vehicles and pedestrians pass on both sides of the road.

  Thirty-seventh roads with special lanes, in the special lanes, only the specified vehicles are allowed to pass, and other vehicles are not allowed to enter the special lanes.

  Thirty-eighth vehicles and pedestrians should follow the traffic signals; In case of on-site command by the traffic police, it shall pass according to the command of the traffic police; On roads without traffic signals, traffic should be ensured under the principle of safety and smoothness.

  Article 39 The traffic administrative department of the public security organ may, according to the specific conditions of roads and traffic flows, take measures such as diverting, restricting traffic and prohibiting traffic for motor vehicles, non-motor vehicles and pedestrians. In case of large-scale mass activities, large-scale construction, etc., it is necessary to take measures to restrict traffic, or make decisions directly related to public road traffic activities, which should be announced to the public in advance.

  Fortieth in case of natural disasters, bad weather conditions or major traffic accidents, it is difficult to ensure traffic safety by taking other measures, the traffic management department of the public security organ may implement traffic control.

  Article 41 Other specific provisions on road traffic shall be formulated by the State Council.

  Section 2 Provisions on Traffic of Motor Vehicles

  Forty-second motor vehicles on the road, shall not exceed the maximum speed indicated by the speed limit sign. In the section where there is no speed limit sign, you should maintain a safe speed.

  Driving at night or on dangerous road sections, and in case of meteorological conditions such as dust, hail, rain, snow, fog and ice, the driving speed should be reduced.

  Forty-third motor vehicles driving in the same lane, the rear car should keep a safe distance from the front car enough to take emergency braking measures. In any of the following circumstances, overtaking is not allowed:

  (a) the preceding vehicle is turning left, turning around and overtaking;

  (2) It is possible to meet the oncoming car;

  (3) The preceding vehicle is a police car, a fire truck, an ambulance or an engineering rescue vehicle performing an emergency task;

  (4) Passing through railway crossings, intersections, narrow bridges, bends, steep slopes, tunnels, crosswalks, urban traffic sections and other sections without overtaking conditions.

  Forty-fourth motor vehicles passing through intersections shall pass according to traffic lights, traffic signs, traffic markings or the command of traffic police; When crossing an intersection without traffic lights, traffic signs, traffic markings or traffic police command, you should slow down and let pedestrians and vehicles with priority pass first.

  Article 45 When a motor vehicle stops in front of it and waits in line or drives slowly, it is not allowed to overtake or occupy the opposite lane by road, and it is not allowed to insert the waiting vehicles.

  When stopping at a road section or intersection with fewer lanes, or at an intersection without traffic lights, traffic signs, traffic markings or traffic police command, the motor vehicles should pass alternately in turn.

  Article 46 When a motor vehicle passes a railway crossing, it shall pass according to the traffic signal or the command of the management personnel. If there are no traffic signals or managers, they should slow down or stop and pass after confirming safety.

  Forty-seventh motor vehicles should slow down when passing through the crosswalk; When pedestrians are crossing the crosswalk, they should stop and make way.

  When a motor vehicle passes a road without traffic signals, it should avoid pedestrians crossing the road.

  Forty-eighth motor vehicles should meet the approved load, and overloading is strictly prohibited; The length, width and height of the load shall not violate the loading requirements, and the load shall not be spilled or scattered.

  Where a motor vehicle carries over-limit articles that cannot be disassembled, which affects traffic safety, it shall drive at the time, route and speed specified by the traffic management department of the public security organ and hang obvious signs. Carrying over-limit articles that cannot be disassembled on highways shall be carried out in accordance with the provisions of the Highway Law.

  Motor vehicles carrying explosives, inflammable and explosive chemicals and toxic and radioactive dangerous goods shall, after being approved by the public security organs, run at the specified time, route and speed, hang warning signs and take necessary safety measures.

  Forty-ninth motor vehicles shall not carry more people than the approved number, and passenger motor vehicles shall not carry goods in violation of regulations.

  Article 50 Freight motor vehicles are prohibited from carrying passengers.

  If a freight motor vehicle needs to be loaded with operators, it shall set up safety measures to protect the operators.

  Article 51 When a motor vehicle is running, drivers and passengers should use seat belts according to regulations, and motorcycle drivers and passengers should wear safety helmets according to regulations.

  Article 52 When a motor vehicle breaks down on the road and needs to be stopped for troubleshooting, the driver should immediately turn on the danger warning flash and move the motor vehicle to a place where traffic is not obstructed. If it is difficult to move, the hazard warning flash should be turned on continuously, and measures such as setting warning signs in the direction of the incoming car should be taken to expand the warning distance, and if necessary, the alarm should be given quickly.

  Fifty-third police cars, fire engines, ambulances and engineering rescue vehicles can use alarms and sign lamps when performing emergency tasks; On the premise of ensuring safety, other vehicles and pedestrians should give way without being restricted by driving route, driving direction, driving speed and traffic lights.

  Police cars, fire engines, ambulances and engineering rescue vehicles are not allowed to use sirens and sign lamps when they are not performing emergency tasks, and they do not enjoy the priority right of way stipulated in the preceding paragraph.

  Article 54 When carrying out operations, road maintenance vehicles and engineering vehicles shall not affect the traffic of passing vehicles, and their driving routes and directions shall not be restricted by traffic signs and markings, and passing vehicles and personnel shall pay attention to avoiding them.

  Sprinklers, sweepers and other motor vehicles shall operate in accordance with safety operation standards; Under the condition of not affecting the traffic of other vehicles, you can not be restricted by vehicle lane separation, but you can not drive in the opposite direction.

  Fifty-fifth highways, roads in the central city of large and medium-sized cities, tractors are prohibited from passing. Other roads where tractors are prohibited shall be stipulated by the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government according to local actual conditions.

  Tractors may be engaged in freight transportation on roads where tractors are allowed to pass, but they shall not be used for carrying people.

  Fifty-sixth motor vehicles should be parked at the prescribed places. It is forbidden to park motor vehicles on the sidewalk; However, parking spaces designated in accordance with the provisions of Article 33 of this Law are excluded.

  Temporary parking on the road shall not hinder the passage of other vehicles and pedestrians.

  Section 3 Provisions on Traffic of Non-motor Vehicles

  Fifty-seventh driving a non-motor vehicle on the road should abide by the relevant provisions on traffic safety. Non-motor vehicles should drive in non-motor vehicle lanes; On the road without non-motor vehicle lanes, you should drive on the right side of the roadway.

  Fifty-eighth disabled wheelchairs, electric bicycles in non-motor vehicle lanes, the maximum speed shall not exceed fifteen kilometers.

  Article 59 Non-motor vehicles shall be parked at the specified places. If there is no parking place, non-motor vehicle parking shall not hinder the passage of other vehicles and pedestrians.

  Article 60 tame livestock should be used to control animal-drawn vehicles; When driving an animal-drawn vehicle to cross the road, the driver should get off and tow the livestock; When the driver leaves the vehicle, he should tie the livestock.

  Section 4 Pedestrian and Passenger Traffic Regulations

  Article 61 Pedestrians should walk on sidewalks, and those without sidewalks should walk by the roadside.

  Article 62 Pedestrians crossing intersections or roads should take crosswalks or crossing facilities. When crossing a crosswalk with traffic lights, you should follow the traffic lights; When crossing a road without traffic lights or crosswalks, or crossing a road at a section without crossing facilities, you should pass after confirming safety.

  Sixty-third pedestrians are not allowed to cross, lean on road isolation facilities, and are not allowed to pick up cars, forcibly stop cars or commit other acts that hinder road traffic safety.

  Article 64 Preschool children, mentally ill people and mentally handicapped people who can’t recognize or control their own behavior should be led by their guardians, people entrusted by their guardians or people who are responsible for their management and protection.

  When the blind pass on the road, they should use a blind stick or take other means to guide the blind, and vehicles should avoid the blind.

  Article 65 When passing a railway crossing, pedestrians should follow the traffic signal or the command of the management personnel. If there are no traffic signals and management personnel, they should pass quickly after confirming that there is no train approaching.

  Sixty-sixth passengers are not allowed to carry inflammable and explosive dangerous goods, not to throw things outside the car, and not to have behaviors that affect the driver’s safe driving.

  Section 5 Special Provisions on Expressway

  Article 67 Pedestrians, non-motor vehicles, tractors, wheeled special-purpose mechanical vehicles, articulated passenger cars, all-trailer trucks and other motor vehicles with a designed maximum speed of less than 70 kilometers per hour are not allowed to enter the expressway. The maximum speed indicated by the speed limit sign on the expressway shall not exceed 120 kilometers per hour.

  Article 68 When a motor vehicle breaks down on an expressway, it shall be handled in accordance with the relevant provisions of Article 52 of this Law. However, the warning sign should be set 150 meters away from the direction of the faulty car, and the people on board should be quickly transferred to the right shoulder or emergency lane, and alarm should be given quickly.

  If a motor vehicle fails or has a traffic accident on the expressway and cannot run normally, it shall be towed and towed by a rescue vehicle and a wrecker.

  Article 69. No unit or individual may stop and check the running vehicles on the expressway, except that the people’s police of public security organs perform emergency duties according to law.

Chapter V Handling of Traffic Accidents

  Article 70 When a traffic accident occurs on the road, the driver of the vehicle shall stop immediately to protect the scene. If personal injury or death is caused, the driver of the vehicle shall immediately rescue the injured person and promptly report to the traffic police on duty or the traffic management department of the public security organ. If the scene is changed due to the rescue of the injured, the location shall be indicated. Passengers, drivers of passing vehicles and passers-by shall give assistance.

  If there is a traffic accident on the road, causing no personal injury or death, and the parties concerned have no dispute about the facts and causes, they can immediately evacuate the scene, resume traffic, and handle the damages through negotiation; If it is not immediately evacuated from the scene, it shall promptly report to the traffic police on duty or the traffic management department of the public security organ.

  If a traffic accident occurs on the road, which only causes minor property losses and the basic facts are clear, the parties concerned should evacuate the scene first and then negotiate.

  Article 71 If a vehicle escapes after a traffic accident, witnesses at the scene of the accident and other insiders shall report to the traffic management department of the public security organ or the traffic police. If the report is true, the traffic administrative department of the public security organ shall reward it.

  Article 72 After receiving the traffic accident alarm, the traffic administrative department of the public security organ shall immediately send the traffic police to the scene, organize the rescue of the injured first, and take measures to restore traffic as soon as possible.

  The traffic police shall conduct an inquest and inspection on the scene of the traffic accident and collect evidence; Due to the need of collecting evidence, the accident vehicle may be detained, but it shall be properly kept for verification.

  The traffic administrative department of the public security organ shall entrust a specialized agency to carry out the professional inspection of the physical and mental conditions of the parties. The appraisal conclusion shall be signed by the appraiser.

  Article 73 The traffic administrative department of the public security organ shall, according to the scene inquest, inspection and investigation of the traffic accident and the relevant inspection and appraisal conclusions, make a traffic accident confirmation in time as evidence for handling the traffic accident. The traffic accident certificate shall specify the basic facts, causes and responsibilities of the parties, and shall be served on the parties.

  Article 74 In the case of a dispute over compensation for traffic accidents, the parties may request the traffic administrative department of the public security organ for mediation, or they may directly bring a civil lawsuit to the people’s court.

  After mediation by the traffic administrative department of the public security organ, if the parties fail to reach an agreement or fail to perform the mediation after it takes effect, the parties may bring a civil lawsuit to the people’s court.

  Seventy-fifth medical institutions should promptly rescue the injured in traffic accidents, and should not delay the treatment because the rescue expenses are not paid in time. If the vehicle involved in the accident participates in compulsory third-party liability insurance for motor vehicles, the insurance company shall pay the rescue expenses within the limit of liability; If the rescue expenses exceed the limit of liability, and they do not participate in compulsory motor vehicle third-party liability insurance or escape after the accident, the social assistance fund for road traffic accidents shall advance part or all of the rescue expenses in advance, and the social assistance fund management institution for road traffic accidents shall have the right to recover from the person responsible for the traffic accident.

  Article 76 If a motor vehicle accident causes personal injury or property loss, the insurance company shall compensate it within the liability limit of compulsory motor vehicle third party liability insurance; The insufficient part shall be liable for compensation in accordance with the following provisions:

  (1) In case of a traffic accident between motor vehicles, the party at fault shall be liable for compensation; If both parties are at fault, they shall share the responsibility in proportion to their respective faults.

  (2) If a traffic accident occurs between a motor vehicle and a non-motor vehicle driver or pedestrian, and the non-motor vehicle driver or pedestrian is not at fault, the motor vehicle party shall be liable for compensation; If there is evidence that non-motor vehicle drivers and pedestrians are at fault, the liability for compensation of the motor vehicle party shall be appropriately reduced according to the degree of fault; If the motor vehicle party is not at fault, it shall bear no more than 10% of the liability for compensation.

  The loss of traffic accidents is caused by non-motor vehicle drivers and pedestrians deliberately colliding with motor vehicles, and the motor vehicle party is not liable for compensation.

  Article 77 If the traffic administrative department of the public security organ receives a report of an accident when a vehicle passes outside the road, it shall handle it with reference to the relevant provisions of this Law.

Chapter VI Law Enforcement Supervision

  Article 78 The traffic administrative department of the public security organ shall strengthen the management of traffic policemen, improve their quality and the level of road traffic management.

  The traffic administrative department of the public security organ shall train and examine the traffic police in legal system and traffic safety management. Traffic police who fail to pass the examination shall not be allowed to perform their duties.

  Article 79 The traffic administrative department of the public security organ and its traffic police shall, in implementing road traffic safety management, simplify the procedures according to the statutory authority and procedures, and be fair, strict, civilized and efficient.

  Article 80 When performing their duties, traffic policemen should dress in accordance with the regulations, wear people’s police signs, hold people’s police certificates, keep their police appearance neat, behave dignified and command norms.

  Article 81 The fees charged for issuing licenses and other fees in accordance with this Law shall be strictly implemented in accordance with the charging standards approved by the competent pricing department of the State Council, and all of them shall be turned over to the state treasury.

  Article eighty-two The traffic administrative department of the public security organ shall, in accordance with the provisions of relevant laws and administrative regulations, separate the decision on fines from the collection of fines; The fines collected and the illegal gains confiscated according to law shall all be turned over to the state treasury.

  Eighty-third traffic police investigation and handling of road traffic safety violations and traffic accidents, one of the following circumstances, should be avoided:

  (1) Being a party to the case or a close relative of the party;

  (2) He or his close relatives have an interest in the case;

  (3) Having other relations with the parties to the case, which may affect the fair handling of the case.

  Article 84 The administrative law enforcement activities of the traffic administrative department of the public security organ and its traffic police shall be subject to the supervision of the administrative supervision organ according to law.

  The supervision department of the public security organ shall supervise the implementation of laws, regulations and discipline by the traffic management department of the public security organ and its traffic police according to law.

  The traffic administrative department of the public security organ at a higher level shall supervise the law enforcement activities of the traffic administrative department of the public security organ at a lower level.

  Eighty-fifth traffic management departments of public security organs and their traffic policemen shall consciously accept the supervision of society and citizens when performing their duties.

  Any unit or individual has the right to report and accuse the traffic administrative department of the public security organ and its traffic police for not strictly enforcing the law and violating the law and discipline. The organ that receives the report or complaint shall promptly investigate and deal with it according to its duties.

  Eighty-sixth no unit may issue a fine index to the traffic management department of the public security organ or in disguised form; The traffic administrative department of the public security organ shall not use the amount of fines as the standard for assessing traffic police.

  The traffic administrative department of the public security organ and its traffic police have the right to refuse to carry out the instructions beyond the provisions of laws and regulations, and at the same time report to the higher authorities.

Chapter VII Legal Liability

  Article 87 The traffic administrative department of the public security organ and its traffic police shall promptly correct the illegal acts of road traffic safety.

  The traffic administrative department of the public security organ and its traffic police shall punish the illegal acts of road traffic safety according to the facts and the relevant provisions of this law. If the circumstances are minor and the road traffic is not affected, point out the illegal act and give a verbal warning before releasing it.

  Article 88 Penalties for road traffic safety violations include: warning, fine, suspension or revocation of motor vehicle driver’s license and detention.

  Eighty-ninth pedestrians, passengers and non-motor vehicle drivers who violate the provisions of road traffic safety laws and regulations on road traffic shall be given a warning or fined between five yuan and fifty yuan; If a non-motor vehicle driver refuses to accept a fine, he may detain his non-motor vehicle.

  Article 90 A motor vehicle driver who violates the provisions of road traffic safety laws and regulations on road traffic shall be given a warning or fined between 20 yuan and 200 yuan. If there are other provisions in this law, it shall be punished in accordance with the provisions.

  Article 91 whoever drives a motor vehicle after drinking alcohol shall be temporarily detained for six months, and shall be fined between 1,000 yuan and 2,000 yuan. Those who are punished for driving a motor vehicle after drinking and driving a motor vehicle after drinking again shall be detained for not more than 10 days, fined not less than 1,000 yuan but not more than 2,000 yuan, and their motor vehicle driving licenses shall be revoked.

  Drunk driving a motor vehicle shall be restrained by the traffic administrative department of the public security organ until it wakes up, and the motor vehicle driving license shall be revoked, and criminal responsibility shall be investigated according to law; No motor vehicle driver’s license shall be obtained again within five years.

  Anyone who drives a motor vehicle after drinking alcohol shall be detained for 15 days, fined 5,000 yuan, and his motor vehicle driver’s license shall be revoked. He shall not re-obtain his motor vehicle driver’s license within five years.

  Those who drive and operate motor vehicles under the influence of drunkenness shall be restrained by the traffic administrative department of the public security organ until they wake up, and their motor vehicle driving licenses shall be revoked, and criminal responsibility shall be investigated according to law; No motor vehicle driver’s license shall be obtained again within ten years, and no motor vehicle shall be driven or operated after the motor vehicle driver’s license is obtained again.

  If a serious traffic accident occurs after drinking or driving a motor vehicle while drunk, which constitutes a crime, criminal responsibility shall be investigated according to law, and the motor vehicle driving license shall be revoked by the traffic administrative department of the public security organ, and the motor vehicle driving license shall not be re-acquired for life.

  Article 92 If a highway passenger vehicle carries more passengers than the rated passengers, it shall be fined between 200 yuan and 500 yuan; Those who exceed 20% of the rated passengers or carry goods in violation of regulations shall be fined between 500 yuan and 2,000 yuan.

  Freight motor vehicles exceeding the approved load quality shall be fined between two hundred yuan and five hundred yuan; Those who carry passengers in excess of 30% of the approved weight or in violation of regulations shall be fined between 500 yuan and 2,000 yuan.

  Whoever commits the acts mentioned in the preceding two paragraphs shall be detained by the traffic administrative department of the public security organ until the illegal state is eliminated.

  The vehicle of the transport unit has the circumstances specified in the first and second paragraphs of this article, and if it is not changed after punishment, the directly responsible person in charge shall be fined between two thousand yuan and five thousand yuan.

  Article 93 Anyone who violates the provisions of road traffic safety laws and regulations on motor vehicle parking and temporary parking may point out the illegal act and give a verbal warning to order him to leave immediately.

  If the driver of a motor vehicle is not at the scene or refuses to leave immediately although he is at the scene, which hinders the passage of other vehicles and pedestrians, he shall be fined not less than 20 yuan but not more than 200 yuan, and the motor vehicle may be towed to a place that does not hinder traffic or parked at a place designated by the traffic management department of the public security organ. The traffic administrative department of the public security organ shall not charge the parties for the trailer, and shall promptly inform the parties of the parking place.

  If the motor vehicle is damaged due to the improper towing method, it shall be liable for compensation according to law.

  Article 94 If a motor vehicle safety technical inspection institution collects fees for carrying out motor vehicle safety technical inspection in excess of the charging standard approved by the competent price department of the State Council, the overcharged fees shall be refunded, and the competent price department shall punish it in accordance with the relevant provisions of the Price Law of People’s Republic of China (PRC).

  Motor vehicle safety technical inspection institutions fail to conduct inspection in accordance with the national technical standards for motor vehicle safety and issue false inspection results, and the traffic administrative department of the public security organ shall impose a fine of not less than five times but not more than ten times the inspection fee, and revoke its inspection qualification according to law; If a crime is constituted, criminal responsibility shall be investigated according to law.

  Article 95 If a motor vehicle running on the road is not hung with a motor vehicle number plate, has no inspection mark or insurance mark, or does not carry a driving license or driver’s license with it, the traffic administrative department of the public security organ shall detain the motor vehicle, notify the parties concerned to provide corresponding license plates and marks or go through corresponding procedures, and may impose penalties in accordance with the provisions of Article 90 of this Law. If the parties provide corresponding license plates, signs or go through corresponding formalities, they shall return the motor vehicle in time.

  Whoever intentionally conceals, defaces or fails to install the motor vehicle number plate according to the provisions shall be punished in accordance with the provisions of Article 90 of this Law.

  Article 96 Whoever forges, alters or uses a forged or altered motor vehicle registration certificate, number plate, driving license and driver’s license shall be confiscated by the traffic administrative department of the public security organ, detained the motor vehicle, detained for less than 15 days, and fined between 2,000 yuan and 5,000 yuan; If a crime is constituted, criminal responsibility shall be investigated according to law.

  Whoever forges, alters or uses forged or altered inspection conformity marks or insurance marks shall be confiscated by the traffic administrative department of the public security organ, detained the motor vehicle, detained for less than 10 days, and fined between 1,000 yuan and 3,000 yuan; If a crime is constituted, criminal responsibility shall be investigated according to law.

  Anyone who uses the motor vehicle registration certificate, license plate, driving license, inspection mark and insurance mark of other vehicles shall be confiscated by the traffic management department of the public security organ, and the motor vehicle shall be detained and fined between 2,000 yuan and 5,000 yuan.

  If the parties provide corresponding legal certificates or go through corresponding formalities, they shall return the motor vehicle in time.

  Ninety-seventh illegal installation of sirens and sign lamps shall be forcibly removed by the traffic administrative department of the public security organ, and shall be confiscated, and a fine of not less than 200 yuan but not more than 2000 yuan shall be imposed.

  Article 98 If the owner or manager of a motor vehicle fails to take out compulsory motor vehicle third-party liability insurance according to the provisions of the state, the traffic administrative department of the public security organ shall detain the vehicle until it is insured according to the provisions, and impose a fine of twice the insurance premium payable according to the minimum liability limit.

  All fines paid in accordance with the preceding paragraph shall be included in the social assistance fund for road traffic accidents. The specific measures shall be formulated by the State Council.

  Ninety-ninth one of the following acts, the traffic administrative department of the public security organ shall impose a fine of two hundred yuan and two thousand yuan:

  (a) driving a motor vehicle without obtaining a motor vehicle driver’s license, the motor vehicle driver’s license is revoked or the motor vehicle driver’s license is temporarily suspended;

  (two) the motor vehicle is driven by a person who has not obtained a motor vehicle driver’s license or whose motor vehicle driver’s license has been revoked or temporarily detained;

  (3) Causing escape after a traffic accident, which does not constitute a crime;

  (four) the motor vehicle driving more than fifty percent per hour;

  (5) Forcing a motor vehicle driver to drive a motor vehicle in violation of the laws and regulations on road traffic safety and the requirements for safe driving of motor vehicles, thus causing a traffic accident, which does not constitute a crime;

  (six) in violation of the provisions of traffic control by force, do not listen to discourage;

  (7) intentionally damaging, moving or altering traffic facilities, causing harmful consequences, which does not constitute a crime;

  (eight) illegal interception and detention of motor vehicles, do not listen to dissuasion, resulting in serious traffic jams or large property losses.

  The motor vehicle driver’s license may also be revoked if the actor is under any of the circumstances mentioned in Item 2 and Item 4 of the preceding paragraph; One of the first, third, fifth to eighth cases may be detained for not more than fifteen days.

  Article 100 Anyone who drives an assembled motor vehicle or a motor vehicle that has reached the scrapping standard on the road shall be confiscated by the traffic administrative department of the public security organ for compulsory scrapping.

  Drivers who drive the motor vehicles listed in the preceding paragraph on the road shall be fined between 200 yuan and 2000 yuan, and their motor vehicle driving licenses shall be revoked.

  If a motor vehicle that has reached the scrapping standard is sold, the illegal income shall be confiscated and a fine equal to the sales amount shall be imposed, and the motor vehicle shall be dealt with in accordance with the provisions of the first paragraph of this article.

  Article 101 If a serious traffic accident occurs in violation of the provisions of laws and regulations on road traffic safety, which constitutes a crime, criminal responsibility shall be investigated according to law, and the traffic administrative department of the public security organ shall revoke the motor vehicle driver’s license.

  If a person escapes after a traffic accident, the traffic administrative department of the public security organ shall revoke the motor vehicle driver’s license and shall not re-obtain the motor vehicle driver’s license for life.

  Article 102 A professional transport unit that bears the main responsibility or full responsibility for more than two serious traffic accidents within six months shall be ordered by the traffic administrative department of the public security organ to eliminate potential safety hazards, and motor vehicles that have not eliminated potential safety hazards are prohibited from driving on the road.

  Article 103 If the national competent department of motor vehicle products fails to strictly examine the motor vehicle safety technical standards and permits unqualified motor vehicles to be put into production, the responsible person in charge and other directly responsible personnel shall be given administrative sanctions of demotion or dismissal.

  Motor vehicle manufacturers produce motor vehicles with the permission of the national competent department of motor vehicle products, and fail to implement the national safety technical standards for motor vehicles or strictly carry out the quality inspection of finished motor vehicles, resulting in unqualified motor vehicles being sold out of the factory, and the quality and technical supervision department shall punish them in accordance with the relevant provisions of the People’s Republic of China (PRC) Product Quality Law.

  Unauthorized production and sale of motor vehicles without the permission of the competent department of motor vehicle products of the state, the illegal production and sale of motor vehicle finished products and accessories shall be confiscated, and a fine of more than three times and less than five times the value of illegal products may be imposed; If there is a business license, the business license shall be revoked by the administrative department for industry and commerce, and if there is no business license, it shall be sealed up.

  Whoever produces or sells assembled motor vehicles or produces or sells motor vehicles modified without authorization shall be punished in accordance with the provisions of the third paragraph of this article.

  Whoever commits the illegal acts listed in the second, third and fourth paragraphs of this article and produces or sells motor vehicles that do not meet the national technical standards for motor vehicle safety, which constitutes a crime, shall be investigated for criminal responsibility according to law.

  104th unauthorized excavation of roads, occupation of road construction or other activities affecting road traffic safety, shall be ordered by the road administrative department to stop the illegal behavior, and restore to the original state, and may be fined according to law; If people, vehicles and other property passing by suffer losses, they shall be liable for compensation according to law.

  If the acts mentioned in the preceding paragraph affect road traffic safety activities, the traffic administrative department of the public security organ may order it to stop the illegal acts and restore traffic quickly.

  Article 105 In case of road construction or road damage, warning signs and protective measures are not set up in time, or traffic lights, traffic signs and traffic markings should be set up but not set up or should be changed in time, thus causing losses to people, vehicles and other property passing by, the unit with relevant responsibilities shall be liable for compensation according to law.

  Article 106 If trees and other plants are planted on both sides of the road and the isolation belt, or billboards and pipelines are set up to block street lamps, traffic lights and traffic signs, thus obstructing the safe sight distance, the traffic administrative department of the public security organ shall order the actor to remove the obstruction; Those who refuse to implement it shall be fined between 200 yuan and 2000 yuan, and the obstruction shall be forcibly removed, and the expenses required shall be borne by the actor.

  Article 107 If the violator of road traffic is given a warning and fined not more than 200 yuan, the traffic police may make a decision on administrative punishment on the spot and issue a written decision on administrative punishment.

  The written decision on administrative punishment shall specify the illegal facts of the parties, the basis of administrative punishment, the content, time and place of punishment and the name of the punishment organ, and shall be signed or sealed by law enforcement officers.

  Article 108 The party concerned shall pay the fine at the designated bank within 15 days from the date of receiving the written decision on administrative penalty for the fine.

  If the parties have no objection to the fines imposed on pedestrians, passengers and non-motor vehicle drivers, they may collect the fines on the spot.

  Fines shall be issued by the financial departments of provinces, autonomous regions and municipalities directly under the central government; If a receipt for the fine uniformly issued by the financial department is not issued, the party concerned has the right to refuse to pay the fine.

  Article 109 If a party fails to perform the decision on administrative punishment within the time limit, the administrative organ that made the decision on administrative punishment may take the following measures:

  (a) if the fine is not paid at the due date, a fine of 3% of the amount of the fine shall be imposed every day;

  (two) apply to the people’s court for compulsory execution.

  Article 110 If a traffic policeman on duty thinks that the violator of road traffic should be punished by withholding or revoking the motor vehicle driver’s license, he may first detain the motor vehicle driver’s license and hand over the case to the traffic management department of the public security organ for handling within 24 hours.

  Road traffic violators shall go to the traffic administrative department of the public security organ for handling within fifteen days. If it fails to accept the treatment within the time limit without justifiable reasons, the motor vehicle driving license shall be revoked.

  If the traffic administrative department of the public security organ temporarily suspends or revokes the motor vehicle driver’s license, it shall issue a written decision on administrative punishment.

  Article 111 The administrative penalty for detention in violation of the provisions of this Law shall be decided by the county, municipal public security bureau, public security sub-bureau or the public security organ equivalent to the county level.

  Article 112 When the traffic administrative department of the public security organ detains a motor vehicle or a non-motor vehicle, it shall issue a certificate on the spot and inform the parties concerned to go to the traffic administrative department of the public security organ for handling within the prescribed time limit.

  The traffic administrative department of the public security organ shall properly keep the detained vehicles and shall not use them.

  Failing to accept the treatment within the time limit, and failing to accept the treatment within three months after the announcement, the detained vehicle shall be dealt with according to law.

  Article 113th the time limit for temporarily suspending a motor vehicle driver’s license shall be counted from the date when the punishment decision takes effect; If the motor vehicle driver’s license is detained before the punishment decision takes effect, the detention period will be reduced by one day.

  The time limit for reapplying for a motor vehicle driver’s license after its revocation shall be handled in accordance with the provisions on the administration of motor vehicle drivers’ licenses.

  Article 114 The traffic administrative department of the public security organ may, according to the traffic technical monitoring records, punish the illegal motor vehicle owner or manager according to law. Those who can determine the driver can be punished according to the provisions of this law.

  Article 115th a traffic policeman who commits one of the following acts shall be given administrative sanctions according to law:

  (1) Issuing motor vehicle registration certificates, number plates, driving licenses and inspection marks for motor vehicles that do not meet the statutory requirements;

  (2) approving the installation and use of sirens and sign lamps of police cars, fire engines, ambulances and engineering rescue vehicles, and spraying sign patterns on motor vehicles that do not meet the statutory requirements;

  (3) Issuing a motor vehicle driver’s license to those who do not meet the driving license conditions, have not passed the examination or fail the examination;

  (4) Failing to implement the system of separating fine decision from fine collection, or failing to turn over all fees collected according to law, fines collected and confiscated illegal income to the state treasury according to regulations;

  (5) Holding or participating in holding driving schools or driving training classes, motor vehicle repair shops or paid parking lots and other business activities;

  (six) taking advantage of his position to accept other people’s property or seek other benefits;

  (seven) illegal detention of vehicles, motor vehicle driving license, driver’s license, vehicle number plate;

  (eight) the use of vehicles detained according to law;

  (nine) collecting a fine on the spot without issuing a fine receipt or truthfully filling in the amount of the fine;

  (ten) favoritism, unfair handling of traffic accidents;

  (eleven) deliberately making things difficult and delaying the handling of motor vehicle license plates;

  (twelve) the use of alarms and sign lamps when not performing emergency tasks;

  (thirteen) in violation of the provisions of the interception, inspection of normal driving vehicles;

  (fourteen) to intercept a motor vehicle when not performing emergency official duties;

  (fifteen) do not perform their statutory duties.

  If the traffic administrative department of the public security organ commits one of the acts listed in the preceding paragraph, the directly responsible person in charge and other directly responsible personnel shall be given corresponding administrative sanctions.

  Article 116 A traffic policeman who is given administrative sanctions in accordance with the provisions of Article 115 of this Law may be suspended from performing his duties before making a decision on administrative sanctions; When necessary, it can be confined.

  According to the provisions of Article 115 of this Law, a traffic policeman may be dismissed if he is subject to administrative punishment of demotion or dismissal.

  If a traffic policeman is dismissed or dismissed, his police rank shall be revoked; A traffic policeman who is subject to administrative sanctions below dismissal shall have his police rank reduced.

  Article 117 If a traffic policeman illegally occupies public property by taking advantage of his power, asks for or accepts bribes, or abuses his power or neglects his duty, which constitutes a crime, he shall be investigated for criminal responsibility according to law.

  Article 118 If the traffic administrative department of the public security organ and its traffic police commit one of the acts listed in Article 115 of this Law, thus causing losses to the parties concerned, they shall be liable for compensation according to law.

Chapter VIII Supplementary Provisions

  Article 119 The meanings of the following terms in this Law:

  (1) "Road" refers to highways, urban roads and places where social motor vehicles are allowed to pass although they are under the jurisdiction of the unit, including squares, public parking lots and other places used for public access.

  (2) "Vehicles" refer to motor vehicles and non-motor vehicles.

  (3) "Motor vehicle" refers to a wheeled vehicle that is driven or towed by a power plant and travels on the road for passengers or for transporting articles and carrying out special engineering operations.

  (4) "Non-motor vehicles" refer to vehicles driven by human or animal power and running on roads, as well as motor wheelchairs, electric bicycles and other vehicles for the disabled whose design maximum speed, empty weight and overall dimensions meet the relevant national standards.

  (5) "Traffic accident" refers to the incident of personal injury or property loss caused by the fault or accident of vehicles on the road.

  Article 120 The China People’s Liberation Army and the Chinese People’s Armed Police Force shall be responsible for the compilation of motor vehicle license plates, the inspection of motor vehicles under compilation and the examination of motor vehicle drivers.

  Article 121 For tractors traveling on roads, the competent department of agriculture (agricultural machinery) shall exercise the management authority of the traffic management department of the public security organ as stipulated in Articles 8, 9, 13, 19 and 23 of this Law.

  The competent department of agriculture (agricultural machinery) shall exercise its functions and powers in accordance with the provisions of the preceding paragraph, and shall abide by the relevant provisions of this law and accept the supervision of the traffic management department of the public security organ; Those who violate the regulations shall be investigated for legal responsibility in accordance with the relevant provisions of this law.

  Motor vehicle license plates issued by agricultural (agricultural machinery) departments before the implementation of this Law shall remain valid after the implementation of this Law.

  Article 122 The State exercises unified management over the road traffic safety of foreign motor vehicles entering the country.

  Article 123 The standing committees of the people’s congresses of provinces, autonomous regions and municipalities directly under the Central Government may, according to the actual conditions in their respective regions, set specific enforcement standards within the scope of fines prescribed in this Law.

  Article 124 This Law shall come into force as of May 1, 2004.

Announcement of Listed Companies in Shanghai Stock Exchange (March 8)

  China Haiphong: Zhang Zhou resigned as the chief financial officer of the company.

  On March 7th, () announced that recently, the board of directors of the company received the written resignation of Mr. Zhang Zhou, the company’s deputy general manager and chief financial officer. Mr. Zhang Zhou applied to resign as the company’s deputy general manager and chief financial officer because he has reached the legal retirement age, and he will no longer hold any position in the company after his resignation. According to relevant laws and regulations and the Articles of Association, Mr. Zhang Zhou’s resignation report will take effect as of the date it is delivered to the board of directors.

  (): Sun Company received the Approval Document of Veterinary Drug Products.

  On March 7th, Sinopharm Hyundai announced that recently, the company Sun Company Qinghai Bio-pharmaceutical Factory Co., Ltd. received the Approval Document of Veterinary Drug Products issued by the Ministry of Agriculture and Rural Affairs of the People’s Republic of China, and approved the registration of inactivated sheep septicemia streptococcus vaccine (100ml/ bottle, 250ml/ bottle).

  Pingmei shares: not redeeming "Pingmei convertible bonds" in advance.

  On March 7th, () announced that the closing price of the company’s shares for 15 trading days from February 7th, 2024 to March 6th, 2024 was not less than 130% of the current conversion price of "Pingmei Convertible Bonds" (that is, 11.778 yuan/share), which triggered the conditional redemption clause of "Pingmei Convertible Bonds". The board of directors of the company decided not to exercise the right of early redemption of "flat coal convertible bonds" and not to redeem "flat coal convertible bonds" in advance.

  The settlement between CDB and Lotus Health will completely solve this historical problem.

  On the evening of March 6th, () announced that the company had signed the Implementation Reconciliation Agreement with Henan Branch of China Development Bank. According to the agreement, under the execution case of Zhoukou Intermediate People’s Court (2023) Yu 16 Zhihui No.90, Lotus Health should pay off 36,844,900 yuan to Henan Branch of China Development Bank, and repay it in five installments. The announcement shows that since 2024, 3 million yuan, 3 million yuan, 3.5 million yuan and 3.5 million yuan will be repaid in the first four years, and will be paid off in 2028. This has no operational pressure on the health of the lotus that has been developing continuously, and will completely solve the problems left over from history many years ago.

  According to public information, since the successful reorganization of Lotus Health in 2020, its business development has continued to improve and its profitability has continued to increase. Lotus Health’s previously released 2023 performance forecast shows that the net profit in 2023 is expected to reach 120 million yuan to 150 million yuan, a year-on-year increase of 159.92% to 224.91%. According to publicly disclosed data, this is not only the best profit year since the healthy reorganization of Lotus, but also the best year in more than 20 years. It can be seen that after several years of recovery and development, the healthy management of lotus has undergone fundamental improvement.

  The signing amount of the first shares in January and February was 4.299 billion yuan, a year-on-year decrease of 47.25%.

  () Announced that in January and February of 2024, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%; The contracted amount was 4.299 billion yuan, a year-on-year decrease of 47.25%. Among them: 1) The company and its holding subsidiaries have achieved a total contracted area of 115,500 square meters (including underground garages, etc.) with a contracted amount of 2.429 billion yuan. 2) The company’s cooperation projects have achieved a total contracted area of 101,000 square meters (including underground garages, etc.), with a contracted amount of 1.87 billion yuan.

  Initial shares: the contracted amount in January and February decreased by 47.25% year-on-year.

  The first announcement of shares, in January and February, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%; The contracted amount was 4.299 billion yuan, a year-on-year decrease of 47.25%.

  Initial shares: the contracted amount in January and February was 4.299 billion yuan.

  On March 7th, the shares were announced for the first time. From January to February, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%. The contracted amount was 4.299 billion yuan, a year-on-year decrease of 47.25%.

  Shennong Group: In February, the company’s pig sales revenue was 210 million yuan.

  () Announcement: In February 2024, the company sold 130,900 pigs (including 128,500 commercial pigs), with a sales income of 210 million yuan. Among them, 17,700 pigs were sold to slaughter enterprises within the group. In February 2024, the price of the company’s commercial pigs showed a downward trend, and the average selling price of commercial pigs was 13.04 yuan/kg, which was 0.69% lower than that in January 2024.

  First shares: In January and February, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%.

  The first share announcement, in January and February 2024, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%; The contracted amount was 4.299 billion yuan, a year-on-year decrease of 47.25%.

  Jifeng Co., Ltd. obtained a total estimated life cycle of 7.8 billion yuan for the passenger car seat assembly project.

  () Announced that the company has recently received the Letter of Intent for Fixed-point Supplier from customers. The company has obtained the fixed-point seat assembly project of a new energy automobile main engine factory (limited to confidentiality agreement, whose name cannot be disclosed) and will develop and produce seat assembly products for customers. According to the customer’s plan, the project is expected to start in October 2024, with a life cycle of 5 years, with an estimated total life cycle of 7.8 billion yuan.

  This new designated project is that the original customer will designate its new model to the company again. Once again, the company won the project designation of the original customer, which reflected the customer’s recognition of the company’s ability and services provided in the process of cooperation. At the same time, the continuous accumulation of orders in hand also created conditions for the company’s future production to form economies of scale. This project is not expected to have a significant impact on the company’s performance this year, but the project designation will help improve the company’s business income this year and in the future, and have a positive impact on the company’s future business performance.

  Jifeng Co., Ltd.: Obtained the fixed point of passenger car seat assembly project

  Jifeng Co., Ltd. announced that the company recently received the Letter of Intent for Fixed-point Supplier, and the company obtained the fixed-point seat assembly project of a new energy automobile main engine factory, and will develop and produce seat assembly products for customers. According to the customer’s plan, the project is expected to start from October 2024, with a life cycle of 5 years, with an estimated total life cycle of 7.8 billion yuan. It will not have a significant impact on the company’s performance this year.

  Xing Yin currency and Xing Yin cash to increase fund manager Huang Zhaoren.

  Today, Xingyin Fund Management Co., Ltd. announced that Xingyin Currency and Xingyin Cash added funds manager Huang Zhaoren.

  Huang Zhaoren has served as a data analyst of American GoHealth Insurance Company, a fund business accountant of the Operation Management Department of the Head Office of Industrial Bank Co., Ltd., and a trader of the Fund Management Department of the Planning and Finance Department of the Head Office. In August 2023, he joined Xingyin Fund Management Co., Ltd. and is currently the fund manager of the fixed income department.

  Xing Yin Currency A and B were established on August 27th, 2014. By March 6th, 2024, their yields were 25.25% and 27.57% respectively.

  Xingyin Cash Tianli A was established on December 30, 2016, and Xingyin Cash Tianli C was established on March 9, 2023. As of March 6, 2024, its yields were 18.99% and 2.39% respectively.

  Jifeng shares: obtained the designated seat assembly project of a new energy automobile main engine factory.

  Jifeng shares announced in the evening that the company has obtained the designated seat assembly project of a new energy automobile main engine factory and will develop and produce seat assembly products for customers. According to the customer’s plan, the project is expected to start from October 2024, with a life cycle of 5 years, with an estimated total life cycle of 7.8 billion yuan.

  Jifeng shares: designated by the passenger car seat assembly project.

  Jifeng Co., Ltd. announced that the company recently received the "Letter of Intent for Fixed-point Supplier" from customers, and the company won the fixed-point seat assembly project of a new energy automobile main engine factory, and will develop and produce seat assembly products for customers. According to the customer’s plan, the project is expected to start from October 2024, with a life cycle of 5 years, with an estimated total life cycle of 7.8 billion yuan.

  () International Holding Group Co., Ltd.: 21 Yingda 01 will pay the principal and interest in the first phase on March 18, 2024 and be delisted.

  On March 7, State Grid Yingda International Holding Group Co., Ltd. announced the redemption and delisting of principal and interest, and 21 Yingda 01 (bond code: 175860.SH) will be delisted on March 18, 2024.

  State Grid Yingda International Holding Group Co., Ltd. will publicly issue corporate bonds (Phase I) to professional investors in 2021 (hereinafter referred to as "current bonds"), and will begin to pay the last annual interest and principal of the bonds from March 18, 2023 to March 17, 2024 on March 18, 2024.

  According to the announcement, this bond is a 3-year fixed-rate bond, and the interest-bearing period is from March 18, 2021 to March 17, 2024, with coupon rate accounting for 3.59%.

  23 Longsheng SCP012 (science and technology bill) will be paid in Japan on March 19, 2024, totaling 506,737,704.92 yuan.

  According to the website of the Association of Interbank Market Dealers, () Group Co., Ltd. announced the interest payment arrangement of 23 Longsheng SCP012 (Science and Technology Bill). The principal and interest payment date of this bond (bond abbreviation: 23 Longsheng SCP012 (Kechuang Bill), bond code: 012383533.IB) is March 19, 2024, and the bond interest rate during the interest period is 2.74%, and the repayment category is principal and interest payment, totaling 506,737,704.92 yuan.

  China Catalyst: 4,271,200 restricted shares will be listed and circulated on March 18th.

  China Catalyst announced the listing and circulation of some restricted shares in the initial public offering. The total number of shares listed and circulated this time was 4,271,200 shares, accounting for 2.42% of the company’s total share capital. The above shares will be listed and circulated on March 18, 2024 (March 16, 2024 is a non-trading day, so it will be postponed to the next trading day).

  ArcSoft Technology appoints Wei Kai as Chief Financial Officer.

  ArcSoft Technology announced that the company held the 14th meeting of the second board of directors on March 6, 2024, and reviewed and passed the Proposal on Changing the Chief Financial Officer. In response to the adjustment of the company’s organization and talent structure, Mr. Lin Chengchuan was removed from the post of Chief Financial Officer, and Mr. Lin Chengchuan will continue to hold other positions in the company. Nominated by the general manager of the company, approved by the Nomination Committee and the Audit Committee of the board of directors, the board of directors decided to appoint Ms. Wei Kai, the current deputy financial director, as the company’s chief financial officer, with a term of office from the 14th meeting of the second board of directors to the expiration of the term of the second board of directors.

  () The Fourth Institute of Machinery, a subsidiary company, received the Decision of Non-prosecution.

  SINOMACH announced that the Fourth Design and Research Institute of Mechanical Industry, a wholly-owned subsidiary of China Automotive Industry Engineering Co., Ltd. (hereinafter referred to as the "Fourth Institute of Machinery") received the Notice of Criminal Suspects’ Litigation Rights and Obligations from the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province on July 6, 2023. The case of the Fourth Institute of Machinery suspected of colluding in bidding has been transferred from the branch directly under the Suzhou Public Security Bureau to the Wuzhong District People’s Procuratorate in Suzhou, Jiangsu Province for prosecution.

  After accepting the above-mentioned cases, the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province interrogated the Fourth Institute of Machinery according to law, listened to the opinions of the Fourth Institute of Machinery and its defenders, and reviewed all the case materials. On March 6, 2024, the company received the Decision of Not Prosecuting issued by the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province. The procuratorate believed that the Fourth Mechanical Engineering Institute had committed the acts stipulated in Article 223 of the Criminal Law of People’s Republic of China (PRC), but the circumstances of the crime were minor, with the plot of surrendering, pleading guilty and admitting punishment. According to the provisions of Article 37 of the Criminal Law of People’s Republic of China (PRC), there was no need to be sentenced to punishment. According to the second paragraph of Article 177 of the Criminal Procedure Law of People’s Republic of China (PRC), it was decided not to prosecute the Fourth Mechanical Hospital.

  SINOMACH: The wholly-owned company received the decision not to prosecute.

  On the evening of March 7th, SINOMACH announced that the company had received the Decision of Non-prosecution issued by the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province on March 6th. The procuratorate believed that the Company’s wholly-owned company, Mechanical Fourth Hospital, had committed the acts stipulated in Article 223 of the Criminal Law of People’s Republic of China (PRC), but the circumstances of the crime were minor, with the circumstances of surrendering, pleading guilty and admitting punishment. According to the provisions of Article 37 of the Criminal Law of People’s Republic of China (PRC), no penalty was required. According to the second paragraph of Article 177 of the Criminal Procedure Law of People’s Republic of China (PRC), it was decided not to prosecute the Fourth Mechanical Hospital. Previously, the case of the Fourth Machinery Institute suspected of colluding in bidding has been transferred from the branch directly under Suzhou Public Security Bureau to the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province for prosecution.

  Meie Technology will hold a general meeting of shareholders on March 26th, and two proposals will be considered.

  Meie Technology announced that the first extraordinary shareholders’ meeting will be held on March 26, 2024, and online voting will be held on the same day. Date of record is March 19th, and investors who hold American and Egyptian technology stocks can vote after the market closes on that day.

  Venue: Lecture Hall, 3rd floor, Meiai (China) Environmental Technology Co., Ltd., No.101 Lanxia Road, Moling Street, Jiangning District, Nanjing.

  A total of two proposals were audited at this general meeting of shareholders, as follows:

  1. Proposal on amending the Articles of Association and amending and formulating some governance systems.

  2. Proposal on Election of Supervisors.

  Sinopharm Modern: Cefoperazone Sodium and Sulbactam Sodium for Injection passed the consistency evaluation of generic drugs.

  Sinopharm Hyundai announced on the evening of March 7th that recently, the company’s holding subsidiary Sinopharm Group Zhijun (Shenzhen) Pharmaceutical Co., Ltd. received the Notice of Approval for Drug Supplement Application approved by National Medical Products Administration, and approved cefoperazone sodium and sulbactam sodium for injection to pass the consistency evaluation of generic drug quality and efficacy. Cefoperazone sodium and sulbactam sodium are compound preparations, belonging to the third generation cephalosporins.

  The controlling shareholder of Guoxin Energy promised not to reduce its shares within 12 months.

  Guoxin Energy announced that the company recently received the Notice Letter on Voluntary Commitment not to reduce the shares of Shanxi Guoxin Energy Co., Ltd. issued by Huaxin Gas Group Co., Ltd. (hereinafter referred to as "Huaxin Gas Group").

  In 2021, Huaxin Gas Group, the controlling shareholder of the company, subscribed for 293,330,434 A shares of the company’s non-public offering, which will be listed and circulated on March 11, 2024. Based on its confidence in the company’s future development and recognition of the company’s intrinsic value, Huaxin Gas Group, at the same time, in order to enhance the confidence of investors and effectively safeguard the rights and interests of investors and the stability of the capital market, the controlling shareholder of the company voluntarily promised that within 12 months from the date of listing of the non-public offering shares (that is, from 2024) During the above commitment period, if the newly added shares are converted from capital reserve to share capital, distributed stock dividends, rights issue, etc., they will also abide by the above commitment not to reduce their holdings.

  Guoxin Energy: The controlling shareholder voluntarily promises not to reduce the shares of the company within 12 months.

  Guoxin Energy announced on the evening of March 7 that 293 million A shares of the company’s non-public offering subscribed by Huaxin Gas Group, the controlling shareholder of the company, will be listed and circulated on March 11, and Huaxin Gas Group voluntarily promises not to reduce its holdings in any way within 12 months from the listing date of the non-public offering (that is, from March 11, 2024 to March 10, 2025).

  Sinopharm Modern: Cefoperazone Sodium and Sulbactam Sodium for Injection passed the consistency evaluation.

  Sinopharm Modern announced that Sinopharm Group Zhijun (Shenzhen) Pharmaceutical Co., Ltd. (hereinafter referred to as Sinopharm Zhijun), a holding subsidiary of the company, received the Notice of Approval for Supplementary Drug Application issued by National Medical Products Administration, and approved cefoperazone sodium and sulbactam sodium for injection to pass the consistency evaluation of generic drug quality and efficacy.

  The announcement shows that cefoperazone sodium and sulbactam sodium are compound preparations and belong to the third generation cephalosporins. This product is suitable for treating the following infections caused by sensitive bacteria: upper and lower respiratory tract infections; Upper and lower urinary tract infections; Peritonitis, cystic duct and other intracavitary infections; Sepsis; Meningitis; Skin and soft tissue infections; Bone and joint infections; Pelvic inflammatory disease, endometrial gonorrhea and other reproductive tract infections.

  Minghua Innovation, the shareholder of Ganli Pharmaceutical Co., Ltd., has reduced its shareholding by 1.81%.

  () Announcement. Recently, the company received a written notice from the shareholder Minghua Innovation, which reduced its shareholding by 1.81% from February 22, 2024 to March 6, 2024. After the reduction, its shareholding ratio changed from 5.54% to 3.73%.

  Guoxin Energy: The controlling shareholder voluntarily promises not to reduce the company’s shares.

  Guoxin Energy announced that Huaxin Gas Group Co., Ltd., the controlling shareholder, voluntarily promised not to reduce its shares within 12 months.

  Fuyuan medicine repurchases about 1.39% and costs 98.1666 million yuan.

  () Announcement: As of March 7, 2024, the company has repurchased 6,687,200 shares, accounting for about 1.39% of the company’s total share capital, an increase of 0.84% compared with the last disclosure. The lowest transaction price is RMB 14.37/share, the highest transaction price is RMB 14.91/share, and the total amount of funds paid is RMB 98,166,600 (excluding transaction costs)

  Foreign Service Holdings: It is planned to repurchase and cancel 201,800 restricted shares at 3.21 yuan/share.

  () Announcement: On March 7, 2024, the company held the 24th meeting of the 11th Board of Directors and the 17th meeting of the 11th Board of Supervisors, deliberated and passed the Proposal on Repurchase and Cancellation of Some A-share Restricted Shares and Adjustment of Repurchase Price, and agreed to repurchase and cancel some A-share Restricted Shares that have been granted but have not been lifted, and adjust the repurchase price. The number of A-share restricted shares repurchased this time was 201,800, and the repurchase price of A-share restricted shares this time was 3.21 yuan/share.

  Tianjin Port: It is proposed to apply for the qualification of delivery warehouse for coke and other goods futures.

  () On the evening of March 7th, it was announced that the company decided to apply to Dalian Commodity Exchange for the qualification of designated delivery warehouses for coke, coking coal and iron ore. The project is conducive to further expanding the port service function, promoting the throughput growth of coke and other goods, and enhancing the company’s business income.

  Bian Xingcai, the actual controller of Sanfang Lane, died.

  () Announcement was made, and the board of directors of the company made a painful announcement. The board of directors of the company received a notice from the family of Mr. Bian Xingcai, the actual controller of the company, who died on March 6, 2024 at the age of 90.

  Guoxin Energy: The controlling shareholder promises not to reduce the shares of the company within 12 months.

  Guoxin Energy announced that Huaxin Gas Group, the controlling shareholder of the company, subscribed for 293,330,434 A shares of the company’s non-public offering in 2021 and will be listed and circulated on March 11, 2024. Huaxin Gas Group voluntarily promised not to reduce its shares in the company in any way within 12 months from the date of listing of the non-public offering shares (that is, from March 11, 2024 to March 10, 2025). During the above commitment period, if the newly added shares are converted from capital reserve to share capital, distributed stock dividends, rights issue, etc., they will also abide by the above commitment not to reduce their holdings.

  Tianjin Pharmaceutical Industry: Fluconazole and Sodium Chloride Injection, a subsidiary drug, passed the consistency evaluation of generic drugs.

  () Announcement: Hubei Jinyao Pharmaceutical Co., Ltd., a subsidiary, received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved by National Medical Products Administration, and approved this product to pass the consistency evaluation of generic drug quality and efficacy.

  Another A-share listed company chairman suddenly resigned! Jinfeng Wine Industry is at the crossroads. Who will pick up Jasson?

  () A paper announcement on March 4th announced the departure of Jasson, the chairman and general manager. To the outside world, Jasson’s resignation at this time is somewhat sudden, because his original term of office will end on June 30, 2025.

  "Jasson applied for resignation due to job transfer." In response to an interview with China Times, the relevant person in charge of Jinfeng Liquor Industry said that the board of directors held on March 4th decided to appoint Xu Lili as the deputy general manager of the company and act as the general manager. His resignation will not affect the company’s business development.

  It is worth mentioning that, in view of Jasson’s resignation, the board of directors of Jinfeng Liquor intends to add Zhu Yong as the company’s director. Zhu Yong is currently the general manager of Sichuan Quanxing Liquor Co., Ltd. For a long time, investors have expected the integration of Quanxing Liquor and Jinfeng Liquor. Regarding the agitation in the market, Jinfeng Wine Industry said that this is a normal personnel transfer and has nothing to do with liquor.

  As for the follow-up chairman and general manager who will fill the position, the above-mentioned person in charge of Jinfeng Liquor did not reply to our reporter. But what is certain is that behind this major personnel change, Jinfeng wine industry has a growth bottleneck that needs to be solved urgently.

  Jasson left early.

  On March 4th, Jinfeng Liquor Industry announced that the board of directors of the company recently received the resignation application from Jasson, the chairman and general manager, and applied to resign as director, chairman and general manager of the 11th board of directors of the company.

  It is understood that Mr. Jasson was appointed as the general manager of Jinfeng Liquor Industry in December 2020, was added as the company’s director in January 2021, and was elected as the company’s chairman. According to the information disclosed by Jinfeng Liquor Industry, Mr. Jasson’s original term of office ended on June 30, 2025. Why did he leave early at this time?

  "Jasson applied for resignation due to job transfer." The relevant person in charge of Jinfeng Liquor Industry replied to this reporter’s interview, saying that the board of directors held on March 4th decided to appoint Ms. Xu Lili as the deputy general manager of the company and act as the general manager. His resignation will not affect the company’s business development.

  Regarding how to evaluate Jasson’s performance during his tenure, the above-mentioned person in charge of Jinfeng Wine Industry told this reporter that Jasson had served as Party Secretary, Chairman and General Manager of Jinfeng Wine Industry. During his tenure, he fully presided over the party Committee, board of directors and operation of the enterprise. He strictly abides by the provisions of the Company Law and Articles of Association, and conscientiously performs his duties according to the tasks and objectives set by the board of directors. He promoted the transformation of the company’s business model, set up two marketing and production centers, improved the integrated management ability, optimized the product structure, actively promoted brand rejuvenation and technological innovation, and made positive contributions to the development of the company.

  In view of Jasson’s resignation, the Board of Directors of Jinfeng Liquor Industry plans to add Zhu Yong as the company’s director.

  According to the announcement materials, Zhu Yong has successively served as deputy manager of engineering investment department, manager of production management department, director of general manager’s office, assistant to general manager and internal manager of sales city of Shanghai Guanshengyuan Huaguang Brewing Pharmaceutical Co., Ltd., director of sales branch of Shanghai Jinfeng Liquor Co., Ltd., secretary and deputy general manager of Party branch of Quanxing Liquor Sales (Shanghai) Co., Ltd., and executive deputy general manager of Sichuan Quanxing Liquor Co., Ltd. (presiding). He is currently the general manager of Sichuan Quanxing Liquor Co., Ltd..

  For a long time, investors have expected the integration of Quanxing Liquor and Jinfeng Liquor. Jinfeng wine industry said that this is a normal personnel transfer and has nothing to do with liquor.

  Where will Jinfeng Wine Industry sail?

  Although Jinfeng Wine Industry affirmed Jasson’s contribution during his tenure, from the performance point of view, the performance of Jinfeng Wine Industry has not improved significantly since he took office.

  Jinfeng Liquor Industry achieved an operating income of 649 million yuan in 2021, a year-on-year increase of 6.83%; The net profit loss of returning to the mother was 12,845,800 yuan, a year-on-year decrease of 204.95%. In 2022, it realized an operating income of 662 million yuan, a year-on-year increase of 1.88%, and a net profit of 5,171,900 yuan, turning losses into profits.

  In the first three quarters of 2023, the revenue was 360 million yuan, down 13.45% year-on-year, and the non-net profit was-27.8055 million yuan. Among the three A-share listed companies (), () and Jinfeng Liquor, the revenue of Jinfeng Liquor declined the most during the same period.

  As for the reasons for the decline in performance, Jinfeng Liquor told this reporter that since 2023, the competition in Shanghai’s stock market has become increasingly fierce, and the company’s sales are facing challenges. From July to September, the operating income decreased by 25.35 million yuan compared with the same period, resulting in a year-on-year decline in profits.

  In fact, not only Jinfeng wine industry, but also the whole yellow rice wine industry has not solved the long-standing development "shackles". At present, the yellow rice wine industry is still in a difficult revival process.

  Talking about the main difficulties and bottlenecks faced by industrial development, the above-mentioned person in charge of Jinfeng Liquor Industry also admitted to the reporter. First, the limitations of the sales area, the industry production and sales area is limited to Jiangsu, Zhejiang and Shanghai, and no national layout has been formed. Second, the product structure needs to be optimized. At present, low-end products are the main products. Third, the consumer group is relatively single, and it is still dominated by middle-aged and elderly people.

  Regarding the development status of the yellow rice wine market, brand marketing expert Lu Shengzhen told the reporter of China Times that the mainstream market of alcohol consumption is in catering channels, family banquet channels and business channels. However, in the consumption scenes of Jiangsu, Zhejiang and Shanghai, the market visibility of these channels is very low. The mainstream market has not yet formed a strong consumption. In other provinces, the consumption of yellow rice wine is very accidental and the consumption intention is very low. No matter which rice wine brand has not established a real national market structure, nor has it formed a strong consumer culture in the national liquor market.

  "It is necessary to actively explore the development from regionalization to nationalization and seek more development opportunities. It is necessary to expand the consumer market of young groups and high-end groups through product upgrading, taste innovation and cultural communication, and broaden more consumption scenarios. " The above-mentioned person in charge of Jinfeng Wine Industry said.

  "If rice wine enterprises want to break through, they must take the road of high-end, rejuvenation and nationalization." The relevant person in charge of Huijishan also told the reporter of China Times.

  The above-mentioned person in charge of Jinfeng Liquor Industry believes that the traditional regional boundaries of yellow rice wine are gradually broken and the competition is intensified, driven by intensified competition in stocks and incremental expansion demand; Channels and scenes are gradually diversified; The structural upgrading of products has accelerated; Industry concentration is further concentrated.

  Jinfeng Liquor Industry will actively explore incremental opportunities such as youthfulness, high-end, online and nationalization of yellow rice wine industry by improving product quality, innovating sub-categories and renewing brand image on the basis of reserve, and at the same time, intensively cultivate it by upgrading marketing system, adjusting and optimizing product structure and increasing marketing investment.

  Who will pick up the baton next? Where will the new helm lead Jinfeng Wine Industry? Our reporter will continue to pay attention.

  New research materials: the company and its holding subsidiaries have received a total of 33,923,724.73 yuan of government subsidies.

  On the evening of March 7th, () announced that the company and its holding subsidiaries had received a total of 33,923,724.73 yuan of government subsidies since the last announcement of government subsidies, including 8,774,100.00 yuan related to assets and 25,149,624.73 yuan related to income.

  Tenglong shares: 420,000 shares of the company were repurchased on March 7.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 420,000 shares of the company through the Shanghai Stock Exchange system by centralized bidding, accounting for 0.09% of the company’s current total share capital.

  Guofa shares: Sun Company Goldman Sachs Zhizao was re-recognized by high-tech enterprises.

  On the evening of March 7, () announced that Guangzhou Goldman Sachs Zhizao Technology Co., Ltd. (hereinafter referred to as "Goldman Sachs Zhizao"), a 52% subsidiary of Guangzhou Goldman Sachs Biotechnology Co., Ltd., a wholly-owned subsidiary of the company, recently received the Certificate of High-tech Enterprise jointly issued by the Guangdong Provincial Department of Science and Technology, the Guangdong Provincial Department of Finance and the Guangdong Provincial Taxation Bureau of State Taxation Administration of The People’s Republic of China, which was re-recognized after the expiration of the original High-tech Enterprise Certificate.

  Jianghuai Automobile sold 29,661 vehicles in February, a year-on-year decrease of 25.34%.

  () Announcement: In February 2024, the company sold a total of 29,661 vehicles, down 25.34% year-on-year. Among them, the sales volume of new energy passenger cars was 1,745, up 18.71% year-on-year. 18,402 vehicles were exported, a year-on-year increase of 17.20%.

  Tianjin Pharmaceutical Industry: Fluconazole and Sodium Chloride Injection, a subsidiary, passed the consistency evaluation of generic drugs.

  Jinyao Pharmaceutical announced on the evening of March 7th that its subsidiary Hubei Jinyao Pharmaceutical Co., Ltd. received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved and issued by National Medical Products Administration, and approved the drug to pass the consistency evaluation of generic drug quality and efficacy. Fluconazole and sodium chloride injection is used to treat infections caused by various fungi.

  Consistency evaluation of generic drugs passed by Hubei Jinyao Pharmaceutical Subsidiary

  Jinyao Pharmaceutical announced that Hubei Jinyao Pharmaceutical Co., Ltd. (hereinafter referred to as "Hubei Jinyao"), a subsidiary of the company, received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved and issued by National Medical Products Administration, and approved this product to pass the consistency evaluation of generic drug quality and efficacy. Fluconazole and sodium chloride injection is used to treat infections caused by various fungi.

  () At that time, the general manager and the chief financial officer received a regulatory warning, because they failed to fulfill their information disclosure obligations in time and made disclosure errors.

  On March 7, 2024, the Shanghai Stock Exchange issued an announcement to give regulatory warnings to Shi Wenming, then general manager of Wuhan Donghu High-tech Group, and Yu Ruihua, then chief financial officer.

  The announcement detailed the violations of Wuhan Donghu High-tech Group. First of all, the company provided engineering construction services to related party Hubei Hongsheng Engineering Management in 2022, with a transaction amount of 491 million yuan. However, the company only made supplementary disclosure on July 13, 2023, and the information disclosure was not timely. Secondly, in December, 2020, the company’s subsidiary, Hubei Luqiao Group, made a commitment to make up the difference of no more than 995 million yuan for the project loan of 1.824 billion yuan applied by Hubei Hongsheng. However, after Hubei Hongsheng became a related party of the company, the company failed to re-perform the review procedure for the related guarantee with Hubei Hongsheng in time. Finally, some data in the company’s 2022 annual report are not accurate and there are disclosure errors.

  These acts violate the relevant provisions of the Listing Rules of Shanghai Stock Exchange and damage the investors’ right to know. For the company’s violations, the Shanghai Stock Exchange has made a regulatory decision on the company’s timely chairman Yang Tao and then secretary of the board Duan Jing.

  In addition, according to the determination of Hubei Supervision Bureau, Shi Wenming, then general manager of the company, and Yu Ruihua, then chief financial officer, were not diligent and responsible for the company’s violations, and their actions violated the relevant provisions of the Stock Listing Rules and the commitments made in the Statements and Undertakings of Directors (Supervisors and Senior Managers). Therefore, the Shanghai Stock Exchange issued a regulatory warning to Shi Wenming and Yu Ruihua.

  Shanghai Hugong: The business income of satellite component related business and robot system integration business is relatively small.

  On March 7th, () announced that the company’s main business has not changed at present, and Shanghai Huhang Satellite Technology Co., Ltd., a wholly-owned subsidiary of the company, is involved in some business related to satellite components, and its operating income accounts for about 1%-2% of the operating income of listed companies; The company is involved in the robot system integration business, and its operating income accounts for about 1%-2% of the operating income of listed companies. The business income of satellite parts related business and robot system integration business accounts for a relatively small proportion, which has no significant impact on the company’s performance.

  Weizhixiang’s real controller has accumulated 407,800 shares.

  () Announcement: As of March 7, 2024, Xia Jing, the controlling shareholder and actual controller of the company, increased the holding of 407,800 shares of the company by centralized bidding through the Shanghai Stock Exchange system with his own funds, accounting for 0.30% of the company’s total share capital, and the holding amount was 12,018,200 yuan (excluding transaction costs), which exceeded the lower limit of the planned holding amount range of 12 million yuan. Xia Jing will continue to choose the opportunity to increase the company’s shares in accordance with the increase plan.

  3 Lianban Shanghai Hugong: The business income of satellite parts related business and robot system integration business accounts for a relatively small proportion.

  Shanghai Hugong issued a risk warning announcement, saying that the company’s main business has not changed at present. Shanghai Huhang Satellite Technology Co., Ltd., a wholly-owned subsidiary of the company, is involved in some business related to satellite components, and its operating income accounts for about 1%-2% of the operating income of listed companies; The company is involved in the robot system integration business, and its operating income accounts for about 1%-2% of the operating income of listed companies. The business income of satellite parts related business and robot system integration business accounts for a relatively small proportion, which has no significant impact on the company’s performance. The development of related businesses is related to many factors such as the national development plan for related industries, and there are still uncertainties.

  Jilin Aodong issued 2 billion yuan medium-term notes and was accepted for registration.

  () Announced that the company recently received the Notice of Acceptance of Registration (Zhongshi Xiezhu [2024]No. MTN208) issued by China Interbank Market Dealers Association, and the dealers association decided to accept the registration of the company’s medium-term notes. The registered amount of the company’s medium-term notes is 2 billion yuan, and the registration amount is valid for 2 years from the date of the notice, which is jointly underwritten by China Agricultural Bank Co., Ltd. and China Minsheng Bank Co., Ltd.

  Guangdong Construction Engineering Co., Ltd.: The subsidiary jointly won the bid for a project with a total price of 4.893 billion yuan.

  () Announcement, the consortium composed of Guangdong Yuantian Engineering Co., Ltd., a wholly-owned subsidiary, and Guangdong Thermal Power Engineering Co., Ltd., China Energy Construction Group (the organizer) won the bid for the EPC general contracting project of 750MW wind power generation project in Xiqing District, Tianjin, with the winning bid of 4.893 billion yuan and the total project duration of 18 months. Among them, the amount of engineering construction tasks undertaken by Yuantian Company is about 1.846 billion yuan.

  Guangdong Construction Engineering Co., Ltd.: The subsidiary jointly won the bid for a project with a total price of 4.893 billion yuan.

  Guangdong Construction Engineering announced that the consortium composed of Guangdong Yuantian Engineering Co., Ltd., a wholly-owned subsidiary, and Guangdong Thermal Power Engineering Co., Ltd., a China Energy Construction Group (the organizer) won the bid for the EPC general contracting project of Guangzhou to develop the 750MW wind power project in Tianjin Xiqing District, with the winning bid of 4.893 billion yuan and the total project duration of 18 months. Among them, the amount of engineering construction tasks undertaken by Yuantian Company is about 1.846 billion yuan.

  ST Noble: Touching the delisting indicators of trading, stocks will be suspended from March 8.

  () Announcement, as of March 7, 2024, the closing price of the company’s stock was 0.67 yuan/share, which has been lower than that of 1 yuan for 20 consecutive trading days and has touched the delisting index of trading; The company’s shares have been suspended since the opening of the market on Friday, March 8, 2024. The Shanghai Stock Exchange will issue a prior notice to the company to terminate its listing within 5 trading days after the company touches the delisting of trading.

  Sifang New Materials: The controlling shareholder plans to increase its shareholding by RMB 17 million to RMB 20 million.

  () On the evening of March 7th, it was announced that Tak-Chi Lee and Zhang Lilan, the controlling shareholders and actual controllers, planned to use their own funds to increase their shares by 17 million yuan to 20 million yuan through centralized bidding, and the increase price was not higher than 12.78 yuan/share.

  The controlling shareholder of Chengyi Pharmaceutical Co., Ltd. increased its holdings by 1%.

  () Announcement: From February 6 to March 7, 2024, Yan Xiaoling, the concerted action person of the company’s controlling shareholder, and Wenzhou Dongtou Chengxin Microfinance Co., Ltd. increased their holdings by a total of 3,424,700 shares, accounting for 1.05% of the company’s total share capital.

  Jianghuai Automobile: Car sales in the first two months increased by 5.1% year-on-year.

  Jianghuai Automobile announced that the sales volume in February 2024 totaled 29,661 vehicles, down 25.34% year-on-year; In the first two months of 2024, the sales volume totaled 68,908 vehicles, a year-on-year increase of 5.10%.

  Sanfangxiang: The actual controller, Mr. Bian Xingcai, passed away.

  Sanfangxiang announced that the board of directors of the company received a notice from the family of Mr. Bian Xingcai, the actual controller of the company, who died on March 6, 2024 at the age of 90.

  ST Noble: The company’s stock touches the trading delisting index and will be suspended from March 8.

  ST Noble announced on the evening of March 7th that as of March 7th, the daily stock closing price of the company’s shares for 20 consecutive trading days was lower than that of RMB 1 yuan, which touched the trading delisting index stipulated in the first paragraph of Article 9.2.1 of the Stock Listing Rules. According to the provisions of Article 9.2.6 of the Stock Listing Rules, the company’s shares were suspended from trading on Friday, March 8th. The Shanghai Stock Exchange will issue a prior notice to the company to terminate its stock listing within 5 trading days after the company touches the delisting of trading.

  Tianjin pharmaceutical industry: fluconazole and sodium chloride injection passed the consistency evaluation of generic drugs

  Jinyao Pharmaceutical announced that Hubei Jinyao, a subsidiary of the company, received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved and issued by National Medical Products Administration, and approved this product to pass the consistency evaluation of generic drug quality and efficacy. Fluconazole and sodium chloride injection is used to treat infections caused by various fungi.

  Liaoning Chengda: Xinjiang Baoming, a subsidiary, received a decision to cancel the case.

  () Announcement: On May 30, 2023, Xinjiang Baoming Mining Co., Ltd., a holding subsidiary of the company, was placed on file for investigation by Jimsar County Public Security Bureau of Xinjiang for allegedly illegally occupying agricultural land. Recently, Baoming, Xinjiang received the Decision of Revoking the Case from Jimsar County Public Security Bureau, and Jimsar County Public Security Bureau decided to dismiss the case.

  Yulong completed the repurchase of 5,098,800 shares at a cost of 50,119,300 yuan.

  () Announcement: On March 6, 2024, the company completed the repurchase, and actually repurchased 5,098,800 shares of the company, accounting for 0.65% of the company’s total share capital. The highest repurchase price was 11.41 yuan/share, the lowest repurchase price was 8.24 yuan/share, and the total amount of funds used was 50,119,300 yuan (excluding transaction expenses such as stamp duty and transaction commission).

  Sifang new materials: the actual controller plans to spend 17 million to 20 million yuan to increase the company’s shares.

  Sifang New Materials announced that Tak-Chi Lee and Zhang Lilan, the controlling shareholders and actual controllers of the company, intend to increase their holdings of the company’s shares, with a total increase of not less than 17 million yuan, not more than 20 million yuan, and an increase of not more than 12.78 yuan/share. The implementation period of this shareholding plan is from March 13, 2024 to May 23, 2024, in which March 28, 2024 to April 26, 2024 is the time when it is forbidden to buy or sell the company’s shares.

  Mubang Hi-Tech: Bangling International intends to transfer no more than 5.3% of the company’s shares through agreement transfer.

  () Announcement, Bangling International intends to transfer no more than 5.3% of the company’s shares through agreement transfer.

  Zhuoyi Information completed the repurchase of 526,900 shares at a cost of 19,796,500 yuan.

  Zhuoyi Information announced that on March 7, 2024, the company completed this repurchase, and has actually repurchased 526,900 shares of the company through the Shanghai Stock Exchange in a centralized bidding transaction, accounting for 0.61% of the company’s total share capital of 86,956,591 shares. The highest repurchase price is 41.427 yuan/share, the lowest repurchase price is 29.658 yuan/share, and the average repurchase price is about 375,600.

  Aonong Bio: The court ruled to accept the reorganization of the controlling shareholder.

  () Announcement, Xiangcheng Court ruled on March 7, 2024 to accept the creditor Fujian Dazhou Construction Group Co., Ltd.’ s application for reorganization of Zhangzhou Aonong Investment Co., Ltd., the controlling shareholder of Fujian Aonong Biotechnology Group Co., Ltd.

  ST noble: touching the delisting index of trading, stock suspension

  ST Noble announced that as of March 7, 2024, the closing price of the company’s stock was 0.67 yuan/share, which has been lower than that of 1 yuan for 20 consecutive trading days, and has touched the trading delisting index stipulated in the first paragraph of Article 9.2.1 of the Listing Rules of Shanghai Stock Exchange (hereinafter referred to as "the Listing Rules").

  According to Article 9.2.6 of the Stock Listing Rules, the company’s shares will be suspended from the market opening on Friday, March 8, 2024, and the Shanghai Stock Exchange (hereinafter referred to as "SSE") will issue a prior notice to the company to terminate its stock listing within five trading days after the company touches the delisting situation of trading. The Shanghai Stock Exchange will make a decision on whether to terminate the listing of the company’s shares within 15 trading days after the company touches on the delisting of transactions, according to the audit opinions of the listing Committee.

  Weir shares: GDR convertibility period is about to expire.

  () On the evening of March 7th, it was announced that the redemption period of Global Depositary Receipts ("GDR") issued by the company this time was from November 10th, 2023 (Central European Time) to March 8th, 2024 (Central European Time), and the redemption period of GDR issued by the company this time was about to expire. After the expiration of the redemption restriction period, GDR can be converted into A shares of the company, which will lead to a corresponding decrease in the number of A shares held by Citibank,National Association as nominal holders of the company’s GDR and enter the domestic market for circulation and trading according to the GDR cancellation instruction. The number of GDR at the expiration of the redemption restriction period is 31 million, corresponding to 31 million A shares of the company, accounting for about 2.55% of the company’s current total share capital.

  Sanlian board Dalian Shengya: At present, the company’s production and operation activities have not changed significantly.

  () On the evening of March 7th, the stock trading risk warning announcement was disclosed. The company’s main business is the operation of the polar aquarium scenic spot, the commercial operation in the scenic spot and the animal operation. At present, the company’s production and operation activities have not changed significantly. As of March 7, the company’s stock has been trading daily for three consecutive trading days.

  Bangling International, the shareholder of Mubang Hi-Tech, intends to transfer no more than 5.3% of the company’s shares by agreement.

  Mubang Hi-Tech announced that Bangling International, a shareholder holding 17.96% of the shares, intends to transfer no more than 23 million shares of the company through agreement transfer, that is, the transfer ratio does not exceed 5.3% of the company’s total share capital, and the share transfer period is within 6 months from March 13, 2024. This share transfer is an agreement transfer and does not involve the reduction of the secondary market.

  For the sake of the long-term sustainable development of the company and safeguarding the interests of all shareholders, Bangling International has made the following commitments: in the process of collecting the transferee of some shares transferred by agreement, it will explicitly require the transferee to promise to strictly abide by the lock-up period arrangement of relevant laws, regulations, departmental rules and normative documents, and require the transferee to make an additional commitment not to reduce the shares of the company transferred by this agreement within 12 months after the completion of the transfer registration of shares transferred by agreement.

  Mubang Hi-Tech: Bangling International intends to transfer no more than 5.3% of the shares of the company by agreement.

  Mubang Hi-Tech announced on the evening of March 7 that the shareholder Bangling International intends to transfer no more than 23 million shares of the company through agreement transfer, that is, the transfer ratio does not exceed 5.3% of the company’s total share capital, and the share transfer period is within 6 months from March 13. The above share transfer plan is decided by the shareholders independently according to their own capital needs, and this share transfer will not have a significant impact on the corporate governance structure and going concern.

  Haiqi Group: There are still uncertainties in major asset restructuring matters.

  () Announcement: The deviation of the daily closing price of the company’s shares in two consecutive trading days on March 6 and March 7, 2024 totaled more than 20%. According to the relevant provisions of the Trading Rules of Shanghai Stock Exchange, it is an abnormal fluctuation of stock trading.

  On March 6, 2024, the company disclosed the Report on Hainan Haiqi Transportation Group Co., Ltd. Issuing Shares and Paying Cash to Purchase Assets and Raising Matching Funds and Related Transactions (Draft) and Announcement on the Reorganization and Resumption of Major Assets of the Company (AnnouncementNo.: 2024-027) and other related announcements. As of the disclosure date of this announcement, the company is planning major assets reorganization. It is planned to purchase 100% equity of Hainan Tourism Investment and Development Co., Ltd. (hereinafter referred to as "Hainan Tourism Investment") by issuing shares and paying cash, and raise matching funds (hereinafter referred to as "this transaction"). At present, the transaction still needs to perform the necessary internal decision-making procedures, and it can be formally implemented after being approved by the regulatory authorities, and there are still uncertainties. Investors are advised to invest rationally and pay attention to the trading risks in the secondary market.

  Straits Environmental Protection will hold a shareholders’ meeting on March 20th to consider three proposals.

  () Announce that the first extraordinary general meeting of shareholders will be held on March 20, 2024, and the online voting date will be March 19. Date of record is on March 13th, and investors who hold shares of Straits Environmental Protection can vote after the market closes on that day.

  Meeting place: Company meeting room at No.16 Yangli Road, Gushan Town, Jin ‘an District, Fuzhou, Fujian.

  A total of three proposals were audited at this general meeting of shareholders, as follows:

  1. Proposal on Downward Revising the Conversion Price of "Haihuan Convertible Bonds"

  2. Proposal on Formulation

  3. Remuneration Plan for Supervisors of the Fourth Board of Supervisors.

  () A shareholders’ meeting will be held on March 25th to consider the proposal of extending the validity period of the resolution of the shareholders’ meeting to issue A-share convertible corporate bonds to unspecified objects.

  Xiang Oil Pump announced that the first extraordinary shareholders’ meeting will be held on March 25, 2024, and online voting will be held on the same day. Date of record is March 18th, and investors who hold shares of Hunan Oil Pump can vote after the market closes on that day.

  Meeting place: Conference Room 1 of Company, No.69 Hengyue North Road, Chengguan Town, Hengdong County, Hengyang City, Hunan Province.

  A total of two proposals were audited at this general meeting of shareholders, as follows:

  1. Proposal on Extending the Validity Period of the Resolution of the Shareholders’ General Meeting on the Company’s Issuance of A-share Convertible Corporate Bonds to Unspecified Objects

  2. Proposal on requesting the general meeting of shareholders to extend the validity period of authorization for the company to issue A-share convertible corporate bonds to unspecified objects.

  () A shareholders’ meeting will be held on March 20th to consider the proposals of wholly-owned subsidiaries applying for syndicated project loans and the company providing guarantees to subsidiaries.

  Vogel Optoelectronics announced that the first extraordinary general meeting of shareholders will be held on March 20, 2024, and online voting will be held on the same day. Date of record is March 14th, and investors who hold Vogel Optoelectronic shares can vote after the market closes on that day.

  Meeting place: conference room of Vogel Science Park Company, Saiwei Avenue, National High-tech Industrial Development Zone, Xinyu City, Jiangxi Province.

  A total of two proposals were audited at this general meeting of shareholders, as follows:

  1. Proposal on the wholly-owned subsidiary’s continuing investment in the construction of the chip board loading board project with an annual output of 1 million square meters.

  2. Proposal on the application of loan for syndicated projects by wholly-owned subsidiaries and the guarantee provided by the company to subsidiaries.

  Avic heavy machinery: the largest shareholder is to be absorbed and merged.

  () Announcement: Guizhou Jinjiang Aviation Hydraulic Co., Ltd., the largest shareholder of the company, intends to be absorbed and merged by Guizhou, China Aviation Industry Co., Ltd.; After this equity change, Guihang Group will become the largest shareholder of the company, which will not lead to changes in the controlling shareholder and actual controller of the company and their shareholding.

  AVIC Heavy Machinery: Guihang Group plans to become the largest shareholder of the company.

  AVIC Heavy Machinery announced that on March 7, 2024, the company received the Letter of Notice from Guizhou, China Aviation Industry (Group) Co., Ltd. ("Guihang Group") on the absorption and merger of Jinjiang Company. Guihang Group intends to integrate its subsidiaries, and Guihang Group will absorb Guizhou Jinjiang Aviation Hydraulic Co., Ltd. ("Jinjiang Company"), the largest shareholder of the merged company.

  After the merger, 321 million shares of unrestricted shares held by Jinjiang Company will be transferred to Guihang Group without transaction. After the merger, Guihang Group will hold 411 million unrestricted shares of the company, accounting for 27.77% of the company’s total share capital. After this equity change, Guihang Group will become the largest shareholder of the company, which will not lead to changes in the controlling shareholder and actual controller of the company and their shareholding.

  China Catalyst: 4,271,186 restricted shares will be listed and circulated on March 18th.

  On the evening of March 7, China Catalyst announced the listing and circulation of some restricted shares in the initial public offering, saying that the listing type of this stock is the company’s first restricted shares; The stock subscription method is offline, and the total number of shares listed and circulated this time is 4,271,186 shares. The date of listing and circulation of restricted shares is March 18, 2024.

  Guangxi Energy Group: 21 Guangneng G1 will pay interest on March 11th.

  On March 7, Guangxi Guangtou Energy Group Co., Ltd. announced the interest payment, and will pay the interest from March 10, 2023 to March 9, 2024 on March 11, 2024.

  According to the interest payment plan, the coupon rate of the current bond variety "21 Guangneng G1" is 5.30%. This interest payment is RMB 53.00 (including tax) for every 10 "21 Guangneng G1" with a face value of RMB 1,000. After tax deduction, the actual interest paid by individuals and securities investment fund bondholders for every 10 bonds is RMB 42.40; The actual interest paid by non-resident enterprises (including QFII and RQFII) for every 10 sheets is RMB 53.00.

  Sinopharm Modern: Cefoperazone Sodium and Sulbactam Sodium for Drug Injection, a holding subsidiary, passed the conformity evaluation of generic drugs.

  On March 7th, Sinopharm Hyundai announced that its holding subsidiary cefoperazone sodium and sulbactam sodium for drug injection passed the conformity evaluation of generic drugs.

  Xiamen Xiangyu Group Co., Ltd. extended the filing time of corporate bond bookkeeping in 2024.

  On March 7, () Group Co., Ltd. announced that due to the changes in the bond market, the bookkeeping manager and issuer reached an agreement to extend the end time of filing corporate bonds (Phase II) publicly issued to professional investors in 2024 to 19:00 on March 7. The bonds issued this time are divided into two types, of which the maturity of the first type bond is 3 years and the maturity of the second type bond is 5 years, and the total issuance scale does not exceed RMB 8 billion.

  Huaxia Happiness: Set up a self-beneficial trust to offset the financial debt of no more than 24.001 billion yuan.

  () Announcement, the company intends to take Huaxia Happiness (Gu ‘an) Information Consulting Service Co., Ltd. (referred to as "Gu ‘an Information Consulting"), a wholly-owned subsidiary, as the principal and the initial beneficiary, and hold a 100% equity of Yu Nuo Jin (Gu ‘an) Information Consulting Service Co., Ltd. (referred to as "Yu Nuo Jin" or "Target Company") with a value of 1 million yuan. And Gu ‘an Information Consulting has set up a self-beneficial property right trust plan, namely "Jianxin Trust-Cai Feng No.1 Property Right Trust Plan", for the creditor’s rights of Yu Nuojin and its 11 subordinate target project companies totaling 25.584 billion yuan, and it is planned to use the beneficial share of this trust plan to offset the financial debts of "redemption" financial creditors with a total amount of no more than 24.001 billion yuan.

  Jintian shares: 800,000 shares were repurchased for the first time.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 800,000 shares for the first time through centralized bidding, accounting for 0.05% of the company’s current total share capital.

  Decai shares: 590,880 shares were repurchased for the first time.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 590,880 shares of the company through the trading system of Shanghai Stock Exchange by centralized bidding, accounting for 0.4221% of the company’s total share capital.

  Yongyue Technology: Repurchase 16,500 shares for the first time.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 16,500 shares of the company for the first time through centralized bidding, accounting for 0.005% of the company’s current total share capital.

  Hemai shares: 30,000 shares of the company were repurchased on March 7.

  On the evening of March 7, Hemai announced that on March 7, 2024, the company repurchased 30,000 shares of the company for the first time through the trading system of Shanghai Stock Exchange through centralized bidding trading, accounting for 0.04% of the company’s total share capital.

  Sifang New Materials: The controlling shareholder plans to increase the company’s shares by RMB 17 million to RMB 20 million.

  Sifang New Materials announced that Li Dezhi and Zhang Lilan, the controlling shareholders and actual controllers of the company, intend to increase their holdings of the company’s shares, with a total increase of not less than 17 million yuan and not more than 20 million yuan; The overweight price is not higher than 12.78 yuan/share.

  Mubang Hi-Tech: The shareholder Bangling International intends to transfer no more than 5.3% of the company’s shares by agreement.

  Mubang Hi-Tech announced that the company’s shareholder, Bangling International, which holds 17.96% of the shares, intends to transfer no more than 23,000,000 shares of the company through agreement transfer, that is, the transfer ratio does not exceed 5.30% of the company’s total share capital, and the share transfer period is within 6 months from March 13, 2024.

  St. Noble: The stock price touched the trading delisting index and suspended trading continuously from the 8th.

  ST Noble announced that as of March 7, 2024, the daily stock closing price of the company’s shares for 20 consecutive trading days was lower than that of RMB 1 yuan, which had touched the trading delisting index stipulated in the first paragraph of Article 9.2.1 of the Stock Listing Rules, and the company’s shares were suspended from trading on March 8, 2024. The Shanghai Stock Exchange will issue a prior notice to the company to terminate its stock listing within 5 trading days after the company touches the delisting of trading.

  Geling Shentong: 2127119 restricted shares will be listed and circulated on March 18th.

  On the evening of March 7, Geling Shentong announced the listing and circulation of the initial public offering strategic placement restricted shares, saying that the listing type of this stock is the company’s initial strategic placement shares (restricted sale period is 24 months); The stock subscription method is offline, and the total number of shares listed and circulated this time is 2127119 shares. The date of listing and circulation of this stock is March 18th, 2024.

  Changyuan Group: Repurchase 200,000 shares for the first time.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 200,000 shares for the first time through centralized bidding, accounting for 0.0152% of the company’s total share capital.

  Fuyuan Medicine: 6,687,200 shares have been repurchased.

  On the evening of March 7, Fuyuan Pharmaceutical announced that from February 5 to March 7, 2024, the company had repurchased 6,687,200 shares through centralized bidding, accounting for about 1.39% of the company’s total share capital.

  Soochow securities plans to cancel the repurchase of 38,799,800 A shares.

  On March 7, soochow securities announced that the company completed the repurchase on March 30, 2021, and actually repurchased 38,799,800 A shares, accounting for about 0.77% of the company’s current total share capital, and the total amount of funds used was about 351 million yuan (excluding transaction costs). According to the share repurchase plan, if the repurchased shares are not used for repurchasing shares within 3 years after the announcement of repurchase results and share changes, the unused repurchased shares will be cancelled. Considering that the above three-year period is about to expire, soochow securities plans to cancel the repurchase of A shares totaling 38,799,800 shares.

  After the cancellation, the registered capital of soochow securities will be reduced by 38.7998 million yuan, from 5.008 billion yuan to 4.969 billion yuan, and the total share capital of the company will be changed from 5.008 billion shares to 4.969 billion shares.

  Consistency evaluation of fluconazole and sodium chloride injection in Tianjin pharmaceutical industry through generic drugs

  On the evening of March 7, Jinyao Pharmaceutical announced that Hubei Jinyao Pharmaceutical Co., Ltd. (hereinafter referred to as "Hubei Jinyao"), a subsidiary of the company, received the Notice of Approval for Drug Supplement Application for Fluconazole and Sodium Chloride Injection approved by National Medical Products Administration, and approved that Fluconazole and Sodium Chloride Injection passed the consistency evaluation of generic drug quality and efficacy.

  According to the announcement, fluconazole sodium chloride injection is used for the treatment of infections caused by various fungi, and it is a Class B variety of the National Essential Drugs List (2018) and the National Basic Medical Insurance, Work Injury Insurance and Maternity Insurance Drugs List (2023). Hubei Jinyao submitted a supplementary application for consistency evaluation of fluconazole and sodium chloride injection to National Medical Products Administration Drug Evaluation Center in November 2022 and was accepted. Up to now, Hubei Jinyao has invested about 9.4 million yuan in research and development on fluconazole and sodium chloride injection project.

  Leibertec: repurchased 19,507 shares for the first time.

  On the evening of March 7, Leibertec announced that on March 7, 2024, the company repurchased 19,507 shares of the company through the trading system of Shanghai Stock Exchange by centralized bidding, accounting for 0.03% of the company’s total share capital.

  Qinchuan IOT bought back 2.01% of the shares, which cost 25.19 million yuan.

  Qinchuan IOT announced that as of March 7th, the company had repurchased 3,377,300 shares of the company by centralized bidding through the Shanghai Stock Exchange system, accounting for 2.01% of the company’s total share capital. The highest repurchase price was 8 yuan/share, and the lowest price was 6.90 yuan/share, and the total amount of funds paid was about 25.19 million yuan.

  Guodian Nanrui: It is planned to invest in the construction of "Jiangning Base Park Upgrading and Reconstruction Project"

  () Announcement, the company plans to invest in the construction of "Jiangning Base Park Upgrading and Renovation Project", with a total investment of 666.98 million yuan, the construction period is expected to be 52 months, and the source of funds is self-raised by the enterprise.

  Wei Zhixiang: About 99,400 shares of the company were repurchased for the first time.

  On March 7, Wei Zhixiang announced that on March 7, 2024, the company repurchased about 99,400 shares for the first time through centralized bidding, accounting for 0.07% of the company’s total share capital (based on the company’s total share capital of 138 million shares as of March 6, 2024). The highest price of repurchase transactions was 28.43 yuan/share, and the lowest price was 28.21 yuan/share.

  The second largest shareholder of Mubang Hi-Tech intends to transfer no more than 5.3% of its equity by agreement, and it is expected to turn losses into profits in 2023.

  On the evening of March 7, Mubang Hi-Tech announced that the company’s shareholder Bangling International Co., Ltd. (hereinafter referred to as "Bangling International") intends to transfer no more than 23 million shares of the company through agreement transfer, that is, the transfer ratio does not exceed 5.30% of the company’s total share capital, and the share transfer period is within 6 months from March 13, 2024. This share transfer is an agreement transfer and does not involve the reduction of the secondary market.

  According to the announcement, as of the announcement date, Bangling International holds 77.88 million unrestricted shares of Mubang Hi-Tech, accounting for 17.96% of the company’s total share capital. The above-mentioned shares were acquired by Bangling International before the company’s initial public offering of A shares, which were released from the restricted sale and listed for circulation on December 10, 2018.

  For the sake of the company’s long-term sustainable development and safeguarding the interests of all shareholders, Bangling International promises that in the process of collecting the transferee of some shares transferred by agreement, it will explicitly require the transferee to promise to strictly abide by the lock-up period arrangement of relevant laws, regulations, departmental rules and normative documents, and require the transferee to make an additional commitment not to reduce the shares of the company transferred by this agreement within 12 months after the completion of the transfer registration of shares transferred by agreement.

  Mubang Hi-Tech said that the above-mentioned share transfer plan was decided by shareholders according to their own capital needs, and this share transfer will not have a significant impact on the corporate governance structure and going concern. During the share transfer period, the share transfer subject will decide whether to implement this share transfer plan according to market conditions, the company’s share price and other factors, and there are uncertainties such as share transfer time, transfer price and transfer quantity.

  The reporter found that as of February 27, 2024, Shantou Bangling Trading Co., Ltd. held 87.54 million shares of Mubang Hi-Tech, accounting for 20.19% of the total share capital, which was the controlling shareholder of the company, while Bangling International was the second largest shareholder of the company, and the actual controller of Mubang Hi-Tech was Liao Zhiyuan.

  According to Mubang Hi-Tech’s announcement on January 20th this year, as of that date, Bangling Trade has pledged 64.07 million shares of the company, accounting for 73.19% of its total shares and 18.70% of its total share capital.

  From a fundamental point of view, Mubang Hi-Tech is mainly engaged in the production and sales of monocrystalline silicon rods and silicon wafers and educational toys. Previously, Mubang Hi-Tech announced that it expected to achieve a net profit of 30-40 million yuan in 2023, with a net profit of 10-15 million yuan after deduction. In the same period last year, the company’s net loss was about 229 million yuan, and the net loss after deduction was about 225 million yuan.

  As for the performance change, Mubang Hi-Tech said that according to the preliminary calculation of the company’s financial department, the main reason for the company’s operating profit during the reporting period was the increase in operating income and net profit in Haoan, Inner Mongolia. In 2023, the company’s main business was transformed. During the reporting period, the company’s photovoltaic business accounted for more than 90% of its operating income. At present, the company is striving to build an industrial system of silicon materials (silicon purification), silicon wafers and batteries, actively seize the market opportunity of the rapid development of the national photovoltaic industry, and consolidate the industrial foundation.

  Buchang Pharmaceutical: The company dissolved the equity transfer agreement with Chen Juanping and Wang Baocai.

  () Announcement: After careful consideration and negotiation, the company, Chen Juanping and Wang Baocai unanimously agreed to dissolve the Equity Transfer Agreement, and signed the Supplementary Agreement to the Equity Transfer Agreement of Sichuan Luzhou Buchang Biopharmaceutical Co., Ltd. on March 7, 2024.

  Overevaluation of fluconazole and sodium chloride injection, an antifungal drug of Tianjin Pharmaceutical Company.

  On the evening of March 7th, Jinyao Pharmaceutical announced that its subsidiary Hubei Jinyao received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved by National Medical Products Administration, and approved the drug to pass the consistency evaluation of generic drug quality and efficacy.

  It is reported that fluconazole sodium chloride injection is used for the treatment of infections caused by various fungi, and it is a Class B variety of the National Essential Drugs List (2018) and the National Basic Medical Insurance, Work Injury Insurance and Maternity Insurance Drugs List (2023). According to some data, fluconazole is the first triazole drug designated by the World Health Organization to treat systemic fungal infections. It has the advantages of wide antibacterial spectrum, low toxicity to liver and kidney and wide tissue distribution, and is widely used in respiratory department, infectious department, ICU and hematology department. At present, the domestic market of fluconazole includes a variety of dosage forms, such as capsules, tablets, injections, eye drops, etc., among which injections are the first choice for invasive candidiasis.

  As a first-line drug in antifungal field, fluconazole and sodium chloride injection has a market scale of 100 million in China. According to the national enlarged hospital data of Minenet, in 2021 and 2022, the domestic sales of fluconazole and sodium chloride injection were 960 million yuan and 490 million yuan respectively.

  According to the relevant national policies and regulations, appropriate support should be given to the drug varieties that have passed the consistency evaluation in terms of medical insurance payment, and medical institutions should give priority to procurement and clinical selection. This time, the fluconazole and sodium chloride injection of Tianjin Pharmaceutical Company was "over-evaluated", which further enhanced the competitive advantage of the drug in the domestic market and is expected to increase its market share in China. (Zhang Haiying)

  The total tax-free transaction price of Haiqi Group’s cross-border acquisition of sea travel of about 2 billion yuan has dropped by nearly 60% after several adjustments.

  

Recently, Haiqi Group, a leading enterprise in the transportation industry, announced that it intends to issue shares and pay cash to Hainan Tourism Investment Development Co., Ltd. (referred to as "Hainan Travel Investment") to purchase 100% equity of Hainan Travel Investment Duty Free Products Co., Ltd. (referred to as "Hainan Travel Tax Free") held by the latter, with a transaction price of 2.037 billion yuan. The reporter of the Economic Information Daily noted that the total transaction price of this reorganization has dropped by nearly 60% from the initial 5 billion yuan after several adjustments. After the transaction is completed, the main business of Haiqi Group will be transformed from the traditional passenger transportation business to the duty-free commercial comprehensive business. Industry experts pointed out that the downward adjustment of the total transaction price may help protect the interests of small and medium investors.

  Transformation of duty-free commercial comprehensive business

  On the evening of March 5th, Haiqi Group issued a series of documents, including the report (draft) on issuing shares and paying cash to buy assets and raising matching funds and related party transactions (hereinafter referred to as the "report"), the announcement on the reorganization and resumption of trading of major assets of the company, the announcement on this issue of shares and paying cash to buy assets and raising matching funds and the adjustment of related party transactions scheme. This also means that the company intends to acquire the 100% equity of Hainan Travel Investment, an indirect controlling shareholder, to usher in further progress.

  According to the report, in this transaction, the underlying asset is 100% equity of Hailv Duty Free. According to the relevant evaluation methods, the owner’s equity attributable to the parent company in the tax-free simulated consolidated statement of China Travel Service is estimated to be 2,037.17 million yuan on the evaluation benchmark date of November 30, 2023. As of November 30, 2023, the net assets of the target company’s simulated consolidated statements were about 1.042 billion yuan, with an estimated appreciation of 995 million yuan and an appreciation rate of 95.53%.

  According to public information, Haiqi Group is a national first-class road passenger transport enterprise, a national top 50 road passenger transport enterprise, a top 100 transportation enterprise in China, and a leading road transport enterprise in Hainan. It is also the largest comprehensive road transport service provider in Hainan, and its business scope covers passenger transport on class lines, tourist passenger transport, rental, express delivery and automobile maintenance. Since its establishment, Haiqi Group has been committed to road passenger transport business, mainly engaged in automobile passenger transport, bus terminal operation and related automobile sales and maintenance, automobile equipment and fuel sales and other businesses. Among them, bus passenger transport and bus terminal operation are the core business of the company.

  Regarding the impact of this transaction on the company’s business, Haiqi Group said that before this transaction, the main businesses of listed companies were automobile passenger transport, the development and operation of automobile stations, comprehensive automobile services and transportation and tourism, and the main business of the target company was duty-free retail business. After the completion of this transaction, the main business of listed companies will be transformed from traditional passenger transport business to duty-free comprehensive business, realizing the leap-forward development of tourism transportation and tourism business.

  Haiqi Group further stated that after the completion of this transaction, the listed company will hold 100% equity of Hailv Duty Free, and the net profit of the listed company attributable to the owner of the parent company will be improved, which is conducive to enhancing the profitability of the listed company and maximizing the interests of shareholders.

  To issue shares to raise matching funds.

  According to the report, Haiqi Group intends to issue shares and pay cash to Hainan Travel Investment Co., Ltd. in order to purchase its 100% equity in Hainan Travel Tax-free. At the same time, Haiqi Group intends to raise matching funds by issuing shares to no more than 35 qualified specific objects, and the total amount of matching funds raised shall not exceed 100% of the transaction price of assets purchased by the shares to be issued, and the number of shares issued shall not exceed 30% of the total share capital of listed companies before this issuance.

  Specifically, in this transaction, the transaction price of the underlying assets (that is, 100% equity of Hailv Duty Free) is 2,037.17 million yuan, of which 85% of the transaction consideration is paid by issuing shares, which is about 1,732 million yuan; Pay 15% of the transaction consideration in cash, which is about 306 million yuan.

  In terms of issuing shares, Haiqi Group said that the types of shares issued by purchasing assets this time are domestic listed RMB A-share ordinary shares, with a par value of RMB 1.00 per share. The company confirmed through negotiation with the counterparty that the issue price of the assets purchased by this issue is 12.86 yuan/share, which is not lower than 80% of the average trading price of the company’s shares in the 20 trading days before the announcement date of the resolution of the 30th meeting of the fourth board of directors. The shares issued by Haiqi Group obtained by Hainan Travel Investment, the counterparty, in this transaction will not be transferred within 36 months from the date of the end of the above-mentioned share issuance.

  In terms of raising cash, Haiqi Group also plans to issue shares to no more than 35 qualified specific targets to raise matching funds. The total amount of matching funds to be raised in this transaction does not exceed 738 million yuan, and the number of shares issued does not exceed 30% of the total share capital of listed companies before this transaction, that is, it does not exceed 94.8 million shares. Of the matching funds raised, 306 million yuan is used to pay the cash consideration of this transaction, and the rest is used to supplement the working capital and pay the related taxes and fees of the intermediary agency. Among them, the proportion used to supplement the working capital will not exceed 25% of the transaction price.

  It is worth noting that according to this transaction plan, the counterparty Hainan Lvtou is the indirect controlling shareholder of Haiqi Group. According to the relevant provisions of laws, regulations and regulatory documents such as the reorganization management measures and listing rules, this transaction constitutes a connected transaction.

  Before this transaction, Hainan Travel Investment, the indirect controlling shareholder of Haiqi Group, controlled 42.50% of the shares of listed companies through Haiqi Holdings. The actual controller of Haiqi Group is Hainan Provincial State-owned Assets Supervision and Administration Commission, which controls 52.70% of the shares of listed companies through Haiqi Holdings, () and Haigang Group. After the transaction is completed (regardless of raising matching funds), the controlling shareholder of Haiqi Group is still Hainan Travel Investment, which directly and indirectly controls 59.68% of the shares of listed companies; Its actual controller is still the State-owned Assets Supervision and Administration Commission of Hainan Province, and it controls 66.83% of the shares of listed companies through Hainan Travel Investment, Haiqi Holdings, Hainan Expressway and Haigang Group. The actual controller of the company has not changed before and after the transaction. After the completion of this transaction, the control right of Haiqi Group will not change.

  The transaction price has dropped by nearly 60%

  It is worth investors’ attention that Haiqi Group has adjusted its trading plan several times before.

  According to public information, the transaction was initially priced at about 5 billion yuan, and then adjusted to 4.08 billion yuan in April 2023; In October 2023, Haiqi Group adjusted the performance commitment period and other details of the scheme, but the transaction price was not revised at that time; The scheme disclosed this time is also a revised version of the original scheme. The reason for the adjustment is that due to the overall impact of Hainan’s tax-free market on outlying islands, the performance of tax exemption for sea travel in November 2023 and December 2023 was lower than expected.

  According to the announcement of Haiqi Group, due to the changes in industry trends in November 2023 and December 2023, the performance of the target company fell short of expectations. In order to effectively safeguard the interests of listed companies and investors, the company held the 30th meeting of the fourth board of directors on March 5 through consultations among all parties to the transaction, and deliberated and passed the Proposal on Reviewing the Adjustment of the Trading Scheme to Form a Major Adjustment of the Restructuring Scheme, and made adjustments to the trading scheme. Among them, the transaction price of the underlying assets of this transaction was reduced to 2.037 billion yuan, and the adjustment range of the transaction price exceeded 20%, which constituted a major adjustment. At the same time, the issue price, issue quantity, consideration of shares and cash payment, performance commitment and compensation arrangements, and fundraising matching funds involved in this transaction were adjusted accordingly. This also means that in the third adjusted trading scheme, the adjusted total transaction price decreased by nearly 60% compared with the initial 5 billion yuan.

  According to the data disclosed by Haiqi Group, the revenue, gross profit and net profit of tax exemption for sea travel in 2023 were expected to be 5.008 billion yuan, 1.033 billion yuan and 198 million yuan respectively, but the actual tax exemption for sea travel was 3.940 billion yuan, 786 million yuan and 139 million yuan (book net profit) respectively, and the corresponding completion rates were only 78.67%, 76.06% and 70% respectively. In addition, in 2023, the tax-free exchange loss of sea travel was 37.38 million yuan. After excluding exchange gains and losses, the net profit completion rate was less than 90%.

  In view of the large decline in transaction pricing, Liu Zhigeng, a well-known financial and taxation audit expert, told reporters that when the expected future return of the acquired target declines, listed companies will generally lower the purchase price of the acquired target. Specific to this case, the main reason for lowering the transaction price may be due to the increasingly fierce market competition faced by Hainan tax exemption. However, lowering the transaction consideration in time is of positive significance to investors, especially to protect the interests of small and medium-sized investors.

  

() Apply for the patent of dual-phase steel and its manufacturing method, and obtain dual-phase steel with low cost and high mechanical properties by reasonably controlling the chemical composition of steel.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a project named "A dual-phase steel and its manufacturing method", with the publication number of CN117660831A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a dual-phase steel, which, in addition to containing more than 90% Fe and inevitable impurities, also contains the following components in percentage by mass: C: 0.09% ~ 0.11%, Si: 0.1% ~ 0.3%, Mn: 1.4% ~ 1.6%, Al: 0.01% ~ 0. By reasonably controlling the chemical composition of steel, the invention obtains dual-phase steel with low cost and high mechanical properties. The invention also discloses a manufacturing method of the dual-phase steel.

  Goodway applied for a patent for battery equalization, which significantly prolonged the equalization time and improved the equalization effect.

  According to the announcement of China National Intellectual Property Administration, Goodway Technology Co., Ltd. applied for a project named "A battery pack balancing method, device and computer equipment", with the publication number of CN117674323A, and the application date was August 2022.

  The patent abstract shows that the application is a battery pack balancing method, device and equipment, and specifically relates to the technical field of battery balancing. The method comprises the following steps: when a target battery pack is in a target charging state, acquiring the charging voltage of the target battery for each target battery in the target battery pack; According to the charging voltage of the target battery; Obtaining the capacity to be equalized of the target battery according to the open circuit voltage; According to the capacity to be equalized of each target battery, and performing equalization operation on the battery to be equalized. Based on the above scheme, as long as the battery pack is charged, the equalization can be judged, so that the equalization execution is no longer limited by the scene, the equalization time is significantly prolonged, and the equalization effect is improved.

  () Apply for a suspension system and automobile patent. This patented technology can make the suspension system simpler, more compact and easier to arrange the whole vehicle.

  According to the announcement of China National Intellectual Property Administration, Shanghai Automotive Group Co., Ltd. applied for a project named "A Suspension System and Automobile", with the publication number of CN117656726A, and the application date was August 2022.

  The patent abstract shows that the application provides a suspension system and an automobile. The suspension system comprises a subframe and a wheel bracket, and is characterized by also comprising a first swing arm, wherein the outer end of the first swing arm is connected with the subframe, and the inner end of the first swing arm is connected with the wheel bracket, and the first swing arm comprises a swing arm body made of composite materials; At least part of the swing arm body has an included angle with the horizontal direction. The swing arm body of the first swing arm is made of composite material, which has certain elasticity and can deform with the jumping of the suspension system to play the role of a spring; And at least part of the swing arm body of the first swing arm has an included angle with the horizontal direction, and the first swing arm is obliquely arranged relative to the horizontal plane, that is, obliquely arranged relative to the ground, so that the first swing arm is equivalent to a four-point control arm, can bear the force from all directions of the wheel and control the toe-in of the wheel, and the suspension system has a simpler and more compact structure and is easy to arrange the whole vehicle.

  Offshore Oil Engineering applied for the patent of easy-loading and unloading liquid hydrogen tank car, which improved the safety and flexibility of tank use.

  According to the announcement of China National Intellectual Property Administration, Offshore Oil Engineering Co., Ltd. applied for a project named "An Easy-to-assemble and unload liquid hydrogen tanker storage tank", with the publication number of CN117662988A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a liquid hydrogen tank truck storage tank which is easy to assemble and disassemble, and relates to the technical field of liquid hydrogen storage tank transportation. Comprises two longitudinal beams and a tank body, wherein two transverse beams are fixed between the two longitudinal beams, and the transverse beams are located at both sides of the two longitudinal beams; an outer vertical plate and an inner vertical plate are fixed at the top ends of the longitudinal beams; a chute is formed between the outer vertical plate and the inner vertical plate; two groups of symmetrically arranged legs are placed in the chute; and the legs, the outer vertical plate and the inner vertical plate are respectively provided with leg threaded holes, outer vertical plate threaded holes and inner vertical plate threaded holes which are communicated and have the same aperture. According to the invention, the storage tank can be fixed on the transport tanker, and after the transport is completed, the storage tank can be separated from the tanker, so that the application flexibility of the storage tank is increased; and the combined design of the pulley, the outer vertical plate and the inner vertical plate forms a chute, so that the storage tank can be detached from the tanker more easily and quickly, the operation complexity is reduced, and the safety and the use flexibility of the tank are improved.

  SAIC applied for the patent of charging method and device, which is beneficial to improve the operation efficiency of the power exchange station.

  According to the announcement of China National Intellectual Property Administration, Shanghai Automotive Group Co., Ltd. applied for a project named "A charging method and device", with the publication number of CN117656921A, and the application date was August 2022.

  The patent abstract shows that the application provides a charging method and device, which determines a target battery from a plurality of batteries according to the first electric quantity value of the battery at the first moment and the switching state of the battery group; The target battery has a first required power at a first time; When the power of the target charging module corresponding to the target battery is less than the first required power, at least one charging module to be switched is determined according to the charging states of a plurality of batteries and the first power value; The sum of the power of at least one charging module to be switched and the power of the target charging module is not less than the first required power; Control that charging module to be switch and the target charging module to charge the target battery; Controlling the charging module to be switched and the target charging module to stop charging the target battery when the second electric quantity value of the target battery at the second moment is not less than the first threshold. The rapid replenishment of the number of available batteries in the station can be realized to the greatest extent in the limited hardware resources of the charging module, which is conducive to improving the operating efficiency of the power exchange station.

  SAIC applied for patents on vehicle and safety parking control unit and control method to improve lane change safety.

  According to the announcement of China National Intellectual Property Administration, Shanghai Automotive Group Co., Ltd. applied for a project named "Vehicle and Safe Parking Control Unit and Control Method", with the publication number of CN117657118A, and the application date was August 2022.

  The patent abstract shows that the invention provides a vehicle, a safe parking control unit and a control method thereof. The control unit for safe parking includes a determination module configured to determine a target parking position of a vehicle on a multi-lane road; A creation module configured to create a braking parameter combination solution space of each lane of a plurality of lanes, which includes a plurality of candidate braking distances on each lane, and lane change speed and lane change acceleration corresponding to each candidate braking distance from the lane change to the next lane; The calculation module is configured to calculate a braking parameter distribution tree, which comprises a plurality of branches connecting the current position and the target parking position, each branch comprises a plurality of nodes, and each node corresponds to a lane change position on one of the plurality of lanes; An evaluation module configured to evaluate lane change safety of each of a plurality of branches; And an allocation module configured to allocate a braking distance and a lane-changing speed to each node of the branch which is assessed as having the highest lane-changing safety.

  SAIC applied for a patent for insulation monitoring system and method, which can monitor the insulation of battery systems with 800V and 400V coexisting.

  According to the announcement of China National Intellectual Property Administration, Shanghai Automotive Group Co., Ltd. applied for a project named "An Insulation Monitoring System and Method", with the publication number of CN117665497A, and the application date was August 2022.

  The patent abstract shows that the embodiment of the application discloses an insulation monitoring system and method. In the system, a first voltage dividing resistor and a first insulation switch are connected in series to form a first branch connected in parallel between the anode of an 800V battery pack and the ground; A second voltage dividing resistor and a second insulating switch are connected in series to form a second branch connected in parallel between the cathode of the 800V battery pack and the ground; A third voltage dividing resistor is connected in series with a third insulating switch to form a third branch connected in parallel between the positive electrode of HCC and the ground; The controller is used for controlling the turn-on and turn-off of the first insulating switch, the second insulating switch and the third insulating switch; According to the respective partial voltages of the first voltage dividing resistor, the second voltage dividing resistor and the third voltage dividing resistor, the insulation resistances of the positive electrode of the 800V battery pack, the negative electrode of the 800V battery pack and the positive electrode of HCC to the ground are determined; According to the insulation resistance of the anode of 800V battery pack, the cathode of 800V battery pack and the anode of HCC, the insulation resistance to the ground is monitored. The system can monitor the insulation of the battery system where 800V and 400V coexist.

  Baoshan iron & steel applied for a patent for the method of adjusting the atmosphere in the furnace nose of the hot-dip galvanizing unit to realize the balance between the pressure and heat in the furnace nose.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a project named "Method for Adjusting the Atmosphere in the Furnace Nose of Hot-dip Plating Unit", with the publication number of CN117660860A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a method for adjusting the atmosphere in the furnace nose of a hot-dip galvanizing unit, which is characterized in that the furnace nose is provided with an extraction filtering and discharging device, and also provided with an air supplementing device, a thermometer, a pressure gauge and an opening adjusting device, the temperature and pressure in the furnace nose are monitored by the thermometer and the pressure gauge, and based on the monitoring results, the pressure in the furnace nose is kept to be P≥1atm+50Pa by adjusting at least one of the extraction filtering and discharging device, the air supplementing device and the opening adjusting device. According to the invention, the effect that the airflow in the furnace nose does not flow back to the furnace hearth under the action of air extraction is realized, and the balance of the pressure and heat in the atmosphere in the furnace nose is realized at the same time, so that the product quality of the strip steel is finally improved.

  Baoshan iron & steel applied for a patent for continuous heating device and method of electric-gas composite slab, so as to achieve the purposes of high efficiency, energy saving, emission reduction and carbon reduction.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron & Steel Co., Ltd. applied for a continuous slab heating device and method with electric-gas combination, with the publication number of CN117660730A, and the application date was August 2022.

  According to the patent abstract, the invention discloses a continuous heating device and method of electric gas composite slab, which comprises a driving component, a walking beam, a fixed beam, an electric heating component and a burner; The walking beam is arranged on the driving assembly, and the driving assembly is used for driving the walking beam to translate and lift, and the walking beam drives the slab to move forward; The fixed beam and the walking beam are arranged in parallel for placing the slab; The electric heating component is arranged at the end position of the slab for electrically heating the slab; The burner is arranged above the slab and used for heating the slab by gas. According to the invention, gas heating and electric heating are combined to be used in the continuous heating and temperature rising process of large-scale slabs, so that a large amount of gas resources generated by a part of iron and steel processes can be consumed to improve the energy supply structure to improve the technical and economic performance, and the heating quality and rolling quality of slabs can be comprehensively improved, and the purposes of high efficiency, energy saving, emission reduction and carbon reduction can be achieved.

  Baoshan iron & steel applied for a patent for a graded induction quenching method and device for mandrels, which improved their service performance and prolonged their service life.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron & Steel Co., Ltd. applied for a graded induction quenching method and device for mandrel, with the publication number of CN117660731A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a hierarchical induction quenching method and device for mandrels. N-level induction heating current loops are sequentially arranged on the conveying roller table along the conveying direction of mandrels; The induction heating frequency f of the N-stage induction heating current loop is gradually increased along the conveying direction of the mandrel; The power p of the N-stage induction heating current loop is gradually reduced along the conveying direction of the mandrel; The heating temperature rise ΔT of the N-stage induction heating current loop decreases step by step along the conveying direction of the mandrel. According to the invention, all or part of the mandrel can be conveniently selected online for induction heating according to the diameter change, so that the optimal quenching depth target can be accurately achieved, the matching relationship between the surface wear resistance of the mandrel and the plastic toughness of the core can be optimized, the service performance of the mandrel can be improved, and the service life of the mandrel can be prolonged.

  Baoshan iron & steel applied for a patent for ladle drainage sand to ensure high temperature resistance.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a patent named "a kind of ladle drainage sand", with the publication number of CN117655313A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a ladle drainage sand, which adopts double-layer drainage sand, the upper layer adopts chromium sand to ensure the high-temperature resistance effect, and the lower layer adopts chromium-free drainage sand, which can reduce the influence of chromium drainage sand on the purity of molten steel in the tundish and reduce the Cr entering the molten steel in the tundish.

  Baoshan iron & steel applied for a patent for gear steel manufacturing, and the patented technology can improve the tool life by more than 30%.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a project named "A Gear Steel with Excellent Cutting Performance and Its Manufacturing Method", with the publication number of CN117660832A, and the application date was August 2022.

  The patent abstract shows that the invention relates to gear steel with excellent cutting performance and its manufacturing method. The gear steel contains the following chemical elements in percentage by mass: C: 0.16-0.24%, Si: 0.1-0.35%, Mn: 1.1-1.5% and S: 0.015, in addition to Fe and inevitable impurities. Mo:0.01~0.15%; Cu:0.01~0.2%; Acid soluble Al: 0.015 ~ 0.04%, N: 0.008 ~ 0.016%, Sn: 0.006 ~ 0.04%, Ca: 0.0015 ~ 0.0045%. Under the same cutting process parameters, the service life of the gear steel of the invention is improved by more than 30% compared with that of the gear steel of the prior art..

  Baoshan iron & steel applied for a patent for low-carbon ironmaking to realize safe and efficient heating of gas to a higher temperature.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a heating device of reduced gas for low-carbon ironmaking and its application method, with the publication number of CN117660709A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a reducing gas heating device for low-carbon ironmaking and its use method, which comprises a reducing gas inlet main pipe, a low-temperature radiation preheating section, a high-temperature heating section, a reducing gas inlet main pipe and a reducing furnace; The reducing gas inlet main pipe is sequentially communicated with the high-temperature heating section, the reducing gas inlet main pipe and the reducing furnace; The low-temperature radiation preheating section is used for preheating the reduced gas in the reduced gas inlet main pipe. The invention can effectively solve the problems in the prior art, realize the safe and efficient heating of coal gas to a higher temperature, and support the low-carbon smelting of the ironmaking process.

  () Apply for a method patent for material sterilization to solve the problem that the viscosity of the material changes greatly after heating, which leads to large fluctuation of sterilization temperature.

  According to the announcement of China National Intellectual Property Administration, Inner Mongolia Yili Industrial Group Co., Ltd. applied for a project named "A Method for Sterilizing Materials", with the publication number of CN117652560A, and the application date was August 2022.

  The patent abstract shows that the invention provides a method for sterilizing materials, which comprises preheating the materials after entering the steam immersion sterilizer, homogenizing the preheated materials, heating the homogenized materials, sterilizing the heated materials in an immersion sterilization chamber, and cooling after sterilization. Aiming at the materials with high fat, low protein and high viscosity, and the viscosity increases greatly after heating, the method in the invention mainly solves the problems that the sterilization temperature fluctuates greatly, the temperature drops and the expected sterilization temperature cannot be reached due to the large viscosity change of the materials after heating, and also solves the problems that the sterilization equipment is sheared after sterilization, and the viscosity of the materials decreases, and the equipment after production is not cleaned cleanly.

One month after the opening of the Sichuan restaurant downstairs, the residents upstairs said that they "eat" lampblack every day.

  Mr. Yang complained that the Sichuan restaurant downstairs smoked people.

  There are several restaurants downstairs in Building 5, Ma ‘anchi East Road. Huang Pan/photo

  Wenzhou Net News The Sichuan Restaurant downstairs has been open for more than a month, and the residents upstairs in Building No.5, Ma ‘anchi East Road in the urban area report that they "eat" oil smoke almost every day. Mr. Yang said that he had complained to the relevant departments many times and the problem was still difficult to solve.

  Why is a complaint handled by multiple departments embarrassing? Since last year, the pre-approval of industrial and commercial registration has been changed to post-approval, which greatly facilitates the work of citizens and enterprises, and also tests the cooperative management ability of relevant departments. According to the municipal supervision department, with the introduction of new measures, EIA is no longer a precondition for obtaining a business license, which means that restaurants can take photos first and then EIA. The environmental protection department said that after individual restaurants took photos, they opened without environmental assessment, and the environmental protection department had no right to punish. "There are individuals who exploit the loopholes in the early stage, and our management pressure in the later stage is naturally great." A person from the Municipal Bureau of Urban Management and Administrative Law Enforcement said this.

  "Representative Online" is concerned today: How to stop the "leaked" lampblack?

  complain

  It’s hard to be smoked by "boiled fish" in the restaurant downstairs every day

  Mr. Yang, a resident, said that the place where he lives was quiet and comfortable. Since the opening of the Sichuan restaurant downstairs, he has been smoked by the smell of "boiled fish" and "fried peppers" every day, which is really hard. "Not to mention the noise of the restaurant, it is this smell that makes us afraid to open the window."

  Recently, the reporter came to this restaurant downstairs by Mr. Yang as an ordinary customer. The manager revealed that the business license was available, but no environmental assessment was made. When asked about the smell, what should I do if it affects the residents upstairs? The manager said, "The taste is there, but you should understand it when doing business."

  survey

  How did the restaurant complained about open?

  The soot management of catering enterprises from start-up to later stage involves many departments such as municipal supervision, environmental protection, urban management and administrative law enforcement. Then, how did the restaurant complained by Mr. Yang and other residents open, and how should this matter be solved?

  Lucheng District State Administration for Market Regulation Administrative Examination and Approval Branch Registration Section:

  Supervise difficult restaurants in advance and get a license before EIA.

  To open a restaurant for business, you must first obtain a license and a photo (business license and catering service license) from the municipal supervision department.

  The "Instructions for Individual Industrial and Commercial Households to Apply for Business Licenses" in the Accreditation Hall of State Administration for Market Regulation Shui Xin Prison in Lucheng District lists the materials needed to apply for the above licenses, including the house lease contract or the certificate of free use, the copy or certificate of real estate license, the copy of health certificate, etc., and does not require the provision of "environmental assessment" materials.

  The staff of the accreditation hall of the Shui Xin Municipal Supervision Office said that after individual industrial and commercial households obtain their licenses, the municipal supervision department will give them a "notice sheet for handling the license first" to remind them to go through relevant procedures with the environmental protection department. "Now the EIA is all post-positioned."

  The relevant person in charge of the Registration Section of State Administration for Market Regulation Administrative Examination and Approval Branch of Lucheng District said that before, the approval of environmental protection was a prerequisite for obtaining a business license. After the implementation of the new measures, the municipal supervision department only examines the places of catering and employees to see if they have the main qualifications.

  The person in charge also said that at present, there is no networking between the two departments, which means that if catering enterprises do not go to the environmental protection department to handle the relevant licensing procedures consciously, it is difficult for the environmental protection department to effectively supervise enterprises with possible pollution beforehand.

  Lucheng District Environmental Protection Bureau Examination and Approval Section:

  The environmental protection department is responsible for approval and acceptance, but has no law enforcement power.

  Ni Lujing, chief of the examination and approval section of Lucheng District Environmental Protection Bureau, said that at present, the main basis for the examination and approval of the catering industry by the environmental protection department is the Detailed Rules for the Examination and Approval of Environmental Impact Assessment Documents of Wenzhou Catering and Entertainment Industry, and the EIA application materials of catering enterprises can only pass the examination and approval if they meet the provisions in the Detailed Rules. After the examination and approval, the catering enterprise shall apply to the local environmental protection office for acceptance. Only after the acceptance is qualified can the catering place be officially put into use.

  However, some people in the environmental protection department admitted frankly that from the submission of EIA materials to the final acceptance, it mainly depends on "corporate consciousness". "The environmental protection department has no law enforcement power, so if catering enterprises don’t take the initiative to do environmental assessment, the environmental protection department can’t punish them."

  Law Enforcement Supervision Department of Urban Management and Administrative Law Enforcement Bureau:

  There are many ways for illegal bosses to escape punishment.

  According to incomplete statistics, at present, there are nearly 3,000 restaurants in Lucheng, Ouhai and Longwan districts, among which small restaurants account for a high proportion.

  The person in charge of the law enforcement supervision department of the Municipal Bureau of Urban Management and Administrative Law Enforcement said that after receiving complaints about oil fume pollution, law enforcement departments will require catering enterprises to rectify. Law enforcement departments have the right to impose heavy penalties on those who refuse to make rectification or rectification is not in place.

  "If citizens complain about cooking fume pollution, we need to monitor it, and if the results exceed the standard, we can file a case for investigation." The person in charge said that the soot pollution index needs professional and authoritative testing.

  In addition, even if a case is filed, many restaurant owners will try their best to escape punishment in law enforcement.

  "It is often the case that when a restaurant is to be punished, the boss directly closes the store or transfers it, and some even go to the municipal supervision department to change its name." The person in charge said that once the restaurant is transferred or the business owner changes, the law enforcement department can only terminate the investigation procedure.

  The municipal supervision department revealed that if the materials submitted by individual industrial and commercial households meet the management norms, they must change their names according to law.

  Discussion on how to stop the "leaked" oil fume.

  Yesterday, Xu Xudong, a sociologist at Wenzhou University, talked about how to stop the "leaked" lampblack: "The post-EIA procedure gives enterprises more convenience and freedom. At the same time, it also increases the management difficulty of relevant departments. The resolution of this contradiction requires better connection between various departments. "

  At 10: 00 this morning, Ye Hongkang, deputy director of Lucheng District Market Supervision Administration, Ni Lujing, chief of the examination and approval department of Lucheng District Environmental Protection Bureau, Xie Jianguang, deputy director of Lucheng District Urban Management and Administrative Law Enforcement Bureau, Jiang Yongxiao, a partner and lawyer of Beijing Deheng (Wenzhou) Law Firm, and Chen Yong, a representative of the provincial people’s congress, will be invited to discuss this issue in depth, so please pay attention. You can send Weibo @ Wenzhou. com to represent online, or call the news hotline 56686612 and 88097055 to leave an interactive message.

For the first time in the country! The Green Paper on the Protection of Yunnan Golden Monkey was officially released.

April 28th

Green Paper on the Protection of Yunnan Golden Monkey

Officially released in Kunming

This is the first time since the discovery of Yunnan golden monkey in China

Population number of Yunnan golden monkey for the first time

Results of synchronous dynamic monitoring throughout the country

It fills the dynamic monitoring of Yunnan golden monkey throughout the territory

Blank of scientific basic materials

Recorded the overall population of Yunnan golden monkey

And the whole process of system monitoring and evaluation.

Yunnan snub-nosed monkey is a rare and endangered wild animal endemic to China, and it is the flagship species and umbrella species living in the world natural heritage site with three parallel rivers. Since the establishment of the first Yunnan Golden Monkey Nature Reserve in 1983, government departments at all levels have continuously increased investment, formulated policies and promoted the protection of Yunnan Golden Monkey.

In order to do a good job in the background investigation of Yunnan golden monkey protection, in 2017, the "Yunnan golden monkey dynamic monitoring project" was officially launched. The project is led by government departments, inviting non-governmental environmental protection institutions and scientific research institutions to participate, and organizing the implementation of various protected areas with the distribution of Yunnan golden monkeys. Through the implementation of this project, the population number, population size, population number, habitat status and community protection of Yunnan golden monkey were found out. According to the monitoring results, the population of Yunnan golden monkey has increased from about 1000-1500 in 13 groups in 1996 and 3000 in 18 groups in 2016 to more than 3300 in 23 groups now.

Peng Jiansheng

The Green Paper on the Protection of Yunnan Golden Monkey released this time, as a concentrated display of the achievements of the "Dynamic Monitoring Project of Yunnan Golden Monkey", takes Yunnan’s flagship species Yunnan Golden Monkey as an example, systematically reviews and shows the hardships and achievements of biodiversity protection in Yunnan in the past 40 years, and shows the unique advantages and values of Yunnan’s biodiversity to the world. Under the severe situation of global climate change and sharp decline of species, the exploration and experience of Yunnan golden monkey protection have made an outstanding demonstration for global biodiversity protection.

Yunnan golden monkey

Is an endemic species in China.

Distributed between Lancang River and Jinsha River.

The high mountains and deep valleys on both sides of the main peak of Yunling Mountain Range.

Is as famous as the giant panda.

National first-class protected animals

About Yunnan golden monkey

How much do you know?

Yunnan golden monkey

Rhinopithecus bieti, also known as Black and White Snub-nosed Monkey, is one of the next five species of snub-nosed monkey, which is a rare and endangered species endemic to China. Like giant panda, Rhinopithecus bieti is regarded as a "national treasure", and is listed as a national first-class protected animal in China, an endangered level in the Red List of Endangered Species of the World Conservation Union (IUCN) and an international wild animal.

in recent years

Government departments and scientific research institutions at all levels

Constantly make concerted efforts to explore the protection of Yunnan golden monkey

Lijiang Laojunshan National Park

The Protection Course of Yunnan Golden Monkey

Is one of the typical examples.

Yunnan golden monkey in Laojun Mountain

Let’s take a look with Xiao Bu.

How do "they" carefully protect "them"

Yunnan golden monkey is an important environmental indicator species, and its survival depends on a healthy alpine primeval forest ecosystem. Its home area and living altitude are second to none among all primates in the world, so Yunnan golden monkey group can be regarded as a symbol of ecological health and ecological security in the three parallel rivers. Therefore, the essence of protecting Yunnan golden monkey is actually to protect the original forest ecosystem with three parallel rivers, benefiting many rare and endangered animals and plants that live together in the original forest.

Field population distribution of Yunnan golden monkey

How is the life of Yunnan golden monkey in Laojun Mountain?

Habitat of Yunnan Golden Monkey in Laojun Mountain-Alpine Primitive Forest

Laojun Mountain is an important part of Hengduan Mountain and Yunling Mountain System, and it is also a hot spot of mountain biodiversity in southwest China and an important part of the world natural heritage with three parallel rivers. It is also the largest distribution area of virgin forests in Lijiang City, thus creating an unusually rich biodiversity. As one of the important distribution areas of Yunnan golden monkey, there are two Yunnan golden monkey populations in the core area of Laojun Mountain-Jinsichang and Dapingzi, about 300 square kilometers, with a total number of more than 300 individuals, accounting for one tenth of the total population of Yunnan golden monkey. It is considered by scientists to be the most endangered gene pool among the three gene pools of Yunnan golden monkey, so the protection value and urgency are particularly prominent. However, this area has not been included in the nature reserve system for a long time and belongs to important protection.

Utilization of natural resources in communities: grazing and firewood.

20-year protection course

The protection of Yunnan golden monkey in Laojun Mountain started in 2001. With the joint efforts of Lijiang government departments, TNC Institute of Zoology, Chinese Academy of Sciences, Kunming Institute of Zoology and other social institutions and scientific research institutions, a scientific investigation of Yunnan golden monkey and its habitat in Laojun Mountain was launched. The global positioning and tracking (GPS) collar technology was applied to Yunnan golden monkey for the first time in Laojun Mountain, and it was first discovered in 2004.

In order to protect the Yunnan golden monkey and its habitat in Laojun Mountain, in the following 16 years, all parties worked together to promote the Laojun Mountain community to participate in the protection work. Residents of communities such as Liju Village, Taohua Village and Liguang Village in Liming Township, which are closely connected with the Yunnan golden monkey’s habitat, have participated in a lot of protection work successively, especially in Liju Village, which has 350 households and a population of about 1,500, with the longest duration and the largest number of participants. At the same time, the government and social welfare forces have also vigorously promoted the establishment of nature reserves and national parks in Laojunshan; In 2008, the Laojunshan National Park in Lijiang was formally established, and one of the key tasks was to carry out scientific protection of Yunnan golden monkey and its habitat, which marked an important step in the protection of Yunnan golden monkey in Laojunshan.

A corner of Liju village

After the establishment of Lijiang Laojunshan National Park, social welfare forces and communities were further promoted to participate in the protection of Yunnan golden monkey. Lijiang Laojunshan Administration signed cooperation agreements with Nature Conservation Association (TNC) and Yunnan Green Environment Development Foundation (YGF) to carry out the protection and sustainable development of Yunnan golden monkey’s core habitat and surrounding areas, and achieved good protection results and social influence.

Photo by Long Yongcheng

In 2018, with the support of Lijiang Laojunshan National Park Administration, Nature Conservancy (TNC) and Yunnan Green Environment Development Foundation, Lijiang Laojunshan Biodiversity Conservation Center was formally established and authorized to participate in the protection of Laojunshan Yunnan Golden Monkey Public Welfare Reserve. As a local community protection organization, the key work areas of the center include: scientific monitoring of Yunnan golden monkey and its habitat in Laojun Mountain, promoting community participation in patrol, developing eco-friendly products, carrying out publicity on Yunnan golden monkey protection, developing Lijiang Laojun Mountain Yunnan golden monkey nature center, and carrying out nature education activities for the community and the public.

Lijiang Laojunshan Yunnan Golden Monkey Public Welfare Reserve

Protection strategy

In order to realize the goal of authorizing by concession management in Laojunshan National Park and World Natural Heritage Site, deepening the community-based natural resource management, effectively protecting the population and habitat of Yunnan golden monkey in Laojunshan, and building a social welfare protection site for endangered species and habitats, the "four-in-one" protection strategy of "a group of monkeys+a forest+one people+one team" was formulated:

1. A group of monkeys, a forest-scientific protection: Yunnan golden monkey is used as an umbrella to formulate comprehensive monitoring and protection actions in the core area of Laojun Mountain, protect virgin forests, animals and plants, implement long-term and continuous species and habitat monitoring, and thoroughly understand the current situation and dynamic changes of biodiversity in this area.

2. A Community-Community Participation and Community Development: Promote people’s real recognition, support and participation in Yunnan golden monkey and its habitat protection through various methods such as nature education, community culture construction and sustainable livelihood development.

3. Building a team-community-based protection capacity: Based on the 17-year-old community patrol team, it has been upgraded and developed into the Laojunshan Biodiversity Conservation Center in Lijiang City, and participated in the protection and management of natural resources in the Laojunshan Yunnan golden monkey habitat and surrounding communities. The center has the direct participation of community subjects, social welfare forces and the authorization and support of the local government.

Author: Hu Xiaorong

Part of the content is integrated from Yunnan Provincial Department of Ecology and Environment, Lijiang Bureau of Ecology and Environment and Lijiang Laojunshan Protection Center.

Editor: Xu Xuantong

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Original title: "The first time in the country! The Green Paper on the Protection of Yunnan Golden Monkey was officially released.

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10 giant pandas collectively appeared in Nanjing on National Day, and "Panda Powder" at home and abroad visited them in groups.

  China news agency, Nanjing, October 4 (Reporter Zhu Xiaoying) "The panda is coming!" "Hello, panda!" Amid cheers and photos, giant pandas are either "strolling" or playing "splashing" in people’s attention. On this National Day, 10 giant pandas who just settled in Nanjing made a collective appearance. A large number of "panda powder" groups at home and abroad came to visit.

  "After a short adjustment, they are all in good condition when they arrive at their new home," Jiang Hao, deputy general manager of Nanjing Ziqinghu Wildlife World, told reporters on the 4th.

Data map: The giant panda grabbed the "rice basket" and seemed to express "Where is mine?" Photo by Zhu Xiaoying

  In order to open up a new breeding base for giant pandas in Jiangsu, on August 28th this year, 10 giant pandas from China Giant Panda Protection and Research Center moved to Ziqinghu Tourist Area in Tangshan, Nanjing.

  These 10 pandas are 6 males and 4 females, mostly in "young adults". Six of them are "returnees" born in Austria, Malaysia and the United States. Fu Hu, Fu Bao, Fu Feng and Fu Companion born in Sch? nbrunn Zoo in Vienna, Austria, are brothers and sisters, among which Fu Feng and Fu Companion are also the first surviving captive giant panda to raise twins. The other four are from Wolong base of China Giant Panda Protection Research Center and Bifengxia base of Ya ‘an.

  On that day, "Fu Feng", "Fu Companion" and "Tuanzi" had a great time in the outdoor venue of the Panda Pavilion. The more "onlookers", the more "people are crazy", and they enjoyed tumbling, rolling and swinging. "Fufeng" and "Fuban" brothers and sisters "pick things up" and chase after each other, and "Tuanzi" even stands on their toys and interacts with tourists outside the glass window.

  Some of the "Fu Hu", "Fu Bao" and "Wei Wei" who stayed indoors "feasted" on bamboo leaves, and some of them leaned back against the stump for a short rest. "These three pandas are not picky eaters, ‘ Appetite ’ Especially big. " Jiang Hao said.

Data map: After eating, the giant panda is in a daze and stares at the sky. Photo by Zhu Xiaoying

  In the Panda Pavilion, Warm, who was born in Malaysia and has the most fans, still maintains a lazy and cold posture. I saw his limbs sticking to the ground, "keeping his eyes open" to recuperate. After a long time, he got up in "slow motion" and lay down with his arms outstretched holding the stump. Jiang Hao said that "warm" is the longest time in a day. If the distance that the breeder hands the bamboo leaves exceeds the length of its arm, it will "give up" the bamboo leaves in disgust and continue to be in a daze.

  The lovely giant panda attracts many tourists, including "panda powder".

  "During the National Day holiday, in order to see and photograph pandas, I booked an 8-day stay here." A tourist who has been photographing giant pandas for a long time told reporters. Jiang Hao also revealed that Malaysian "fans" who made a special trip to visit "Warm" have arrived in Shanghai and are on their way here.

Changan Mazda MAZDA EZ-6 pre-sale, pre-sale price 16- 200,000

On September 28th, Changan Mazda MAZDA EZ-6 (hereinafter referred to as EZ-6) officially opened for pre-sale, with a pre-sale price of 16-200,000 yuan. The car integrates Changan Automobile’s technological accumulation in new energy vehicles, has more advanced intelligent configuration in joint ventures, and is the only pure electric and range-extended dual-mode power choice in the same class. In addition, Mazda’s characteristic inductance "integrated human and horse" driving sense, and the continuously evolving "soul" design aesthetics, it has certain competitiveness in the joint venture new energy B-class car, and is also a fulcrum for Mazda to gain a foothold in China’s new energy market.

The EZ-6 has launched a total of 7 models with pure electric and extended range. However, the official has not announced the specific configuration and price of each model. From now on, the first 10,000 users who order cars at dealer stores and Yuema Star APP/Mini Program can enjoy 3 car purchase benefits:

· Order the Zhiya version model with a limited-time upgrade worth 15,000 yuan, including: 14 high-performance speakers SONY audio, adaptive suspended electric rear wing, 50-inch high definition AR-HUD, Michelin e · Lingyue tires;

· Order the Zhizun version model to upgrade the main and auxiliary zero-gravity seats worth 10,000 yuan for a limited time, with 120-degree cloud suspension adjustment and 8 massage modes;

· Pre-sale plus gifts: unlimited traffic of the car and machine, and you can also get a 1:18 smart audio car model and a panoramic sunshade.

Hidehisa Matsuda, president of Changan Mazda Automobile Co., Ltd., said: "On the basis of integrating the world’s leading three-electric, smart cabin and smart driving technologies, the EZ-6 inherits Mazda’s core" soul "design," one-horse "driving pleasure," high-quality car-building like art ", and the world’s top safety performance. This is an excellent work that fully integrates the essence of Changan Automobile and Mazda’s two century-old enterprises. It is also a flagship model that defines the new value standard of the joint venture B-class new energy car. We hope that the EZ-6 can continue the best-selling results and excellent reputation of the MAZDA6 in the Chinese market, and once again become a star product that leads the trend of the joint venture B-class car market."

President of Changan Mazda Automobile Co., Ltd. Matsuda Hidehisa

The opening of the EZ-6 pre-sale represents Changan Mazda entering a new stage of development in the field of new energy, and also allows Changan Mazda to open up the "Joint Venture Model 2.0" for the first time, building a friendly and efficient communication bridge between the two sides of the joint venture. Facing 2027, in order to better serve users in the Chinese market, Deng Zhitao, executive vice president of Changan Mazda Automobile Co., Ltd. also officially released the "Changan Mazda China Market Action Plan", once again demonstrating its firm determination to embrace the Chinese market.

Deng Zhitao, Executive Vice President of Changan Mazda Automobile Co., Ltd

Specifically include:

First, the strategic vision.Firmly rooted in the Chinese market and embracing Chinese users. Based on the electrification and intelligent innovation achievements in the Chinese market, firmly promote Changan Mazda’s new energy transformation, deeply integrate Mazda’s core DNA, and build the core competitiveness of the electrification era;

Second, strategic integration.Make full use of the advantageous resources of Changan and Mazda, two century-old automakers, to consolidate a new cooperation model, strengthen internal business collaboration, improve the level of resource sharing, continue to create new value, and achieve high-quality sustainable development.

III. Strategic investment.Facing 2027, we will invest a total of 10 billion yuan in the field of new energy, continuously increase investment in talents and equipment, strengthen strategic cooperation with leading domestic electrification and intelligent partners, and cultivate global new energy product development capabilities.

IV. Strategic objectives.From 2024, at least one new energy model will be launched to the Chinese market every year, and the market coverage of cars and SUVs will be continuously expanded. In 2027, we will strive to achieve 90% of the sales of new energy models, and the annual production and sales volume will reach 300,000, becoming the first brand of joint venture new energy;

V. Strategic responsibility.Fulfill the corporate social responsibility in the Chinese market, improve the happiness of Changan Mazda enterprises and brand participants. Increase territorial investment to attract more industrial support to settle down. On the basis of the cumulative production and sales of 2 million vehicles in the Nanjing factory, the next 2 million production and sales cycle will continue to move forward.

The first pure electric technology architecture of joint venture new energy – Yudian Zhixing Architecture was released

At the press conference, Wu Xuxi, executive deputy general manager of Changan Mazda Automobile Sales Branch, announced the "Power Smart Bank" architecture. As the first pure electric technology architecture of the joint venture new energy, "He can provide two power modes of pure electric and extended range. Among them, pure electric power supports 600 kilometers of CLTC operating conditions, and extended range power realizes a measured range of 1,301 kilometers. The pure electric model is equipped with a 3C ultra-fast charging battery and CTP integration technology, which can complete 30% to 80% of the power replenishment in 15 minutes.

Wu Xuxi, Executive Deputy General Manager of Changan Mazda Automobile Sales Branch

E-ZONE smart exclusive cockpit, new standard for joint venture new energy smart cockpit

EZ-6 is equipped with the third-generation Snapdragon digital cockpit designed based on the user’s life scene. Enter the cockpit, 3D holographic face non-sensory recognition login, support the account information storage of up to 9 people in the family. The combination of 10.1-inch high definition smart digital instrument and 14.6-inch anti-glare LCD suspension screen fills the cockpit with a sense of technology. "Hi MAZDA" four-tone automatic speech recognition can execute multiple instructions at a time, and all occupants can issue instructions individually. The system can automatically determine the command position under the premise of ensuring safe driving. The response is fast, the recognition is accurate, and the whole scene can be seen.

E-ZONE Smart Privilege Cockpit

The EZ-6 is equipped with an active air filtration protection system. The release of active ions exceeds 20 million/cm 3 in 1 minute, and the emission of ions of the same level in the joint venture is the first. The filtration efficiency of particulate matter is ≥ 99%, the removal rate of bacteria and viruses is ≥ 92%, and the PM2.5 value is displayed on the screen. If it is abnormal, it can be filtered with one click. Fully automatic multi-dimensional smart air conditioning system, the power is equivalent to two horses larger than that of a household. The measured 10 minutes can quickly cool down to 35 ° C, fully automatic hot and cold air adjustment, intelligent wind speed control, and it can create a comfortable driving environment for users without fear of external temperature changes. 11 intelligent scene modes, including nap, camping, privacy, car wash, and children, whether it is an urban commuting scene or a family camping scene, can provide users with a intimate and intelligent unique experience in their car life.

In the front and rear rows, the interior of the EZ-6 is made of NAPPA leather and suede high-end fabrics, which are well-crafted and matched with exquisite matte chrome trims to highlight the texture of the joint venture B-class sedan. The EZ-6 main and passenger seats can be equipped with cloud-levitating zero-gravity seats, and the seats can be adjusted to zero-gravity mode with one-click start or Keyword Spotting. The cabin SONY 14-speaker luxury audio, including 2 headrest audio, is personally tuned by the SONY audio master, and uses SONY’s exclusive Clear Phase and Live Acoustics technology to restore clear and detailed sound.

E-ZERO Unbounded Intelligent Pilot, a new standard for joint venture intelligent driving at the same level

In the field of intelligence, the EZ-6 provides users with a "smart parking integration" solution, equipped with 5 megapixel high definition cameras, 5 millimeter wave radars, and 12 ultrasonic radars, achieving intelligent strength comparable to Chinese brands, and comprehensively assisting users to take over urban commuting scenes and high-speed travel scenes.

The new car is equipped with a 50-inch AR-HUD holographic enhanced display system, the best visual projection distance of 7.5 meters, and the all-lane AR real scene fusion function, so that the driver can grasp a variety of driving information without lowering his head. The L2.5 smart parking assistance system can provide drivers with driving assistance such as automatic following, lane centering, smart offset, lever lane change, and intelligent speed limit; and a 180-degree panoramic chassis system, which allows drivers to open the "God’s perspective", control the surrounding environment of the vehicle at any time, and eliminate blind spots in vision.

The EZ-6 has five major parking functions: APA in-car parking assist, RPA remote control parking assist, RSIO remote control entry and exit assist, RMA remote intelligent parking, and RADS tracking and reversing assist. It can identify more than 150 different types of parking spaces (support vertical, horizontal, oblique, and no parking line parking spaces). Remote remote control parking, tracking and reversing, and sentry mode solve multiple pain points in the current user parking scene.

E-ZIP chain safety architecture, a new standard for joint venture new energy safety value

The safety architecture design of the EZ-6 is inherited from Mazda’s safety concept. In the field of active safety, the EZ-6 is equipped with 19 + active safety auxiliary features, including AEB automatic emergency braking, FCW front collision warning, FCTB forward cross emergency braking, etc. The battery adopts vehicle + cloud BMS intelligent dual monitoring design, which can pass strict verification up to 20 times the national standard. 6 digital temperature-controlled battery management technologies can achieve 24-hour all-weather monitoring, and the early warning accuracy rate is as high as 99%.

In the field of passive safety, the EZ-6 is equipped with an all-steel cage-type safety architecture. The roof compression beam adopts 2,000Mpa reinforcement parts. The main body of the cage structure is all 1,500Mpa ultra-high-strength steel. The internal anti-collision steel beam of the door is composed of 6 1,500Mpa ultra-high-strength steels, and the high-strength steel of the car body accounts for 86%. The world’s first highest-strength cold stamping parts are 1,500Mpa. The industry’s first mass production of ultra-low-emission ultra-high-strength steel. The 7-horizontal and 5-vertical all-steel cage structure makes the passive safety of the EZ-6 peak. In the field of battery safety, the 3C ultra-fast charging battery is soaked in salt water for 60 minutes + high-pressure water spray without leakage. The 800-degree flame combustion for 140 seconds does not catch fire. The 5mm steel needle does not explode through, and there is no obvious deformation when it falls at an altitude of 5 meters

E-ZEAL super inductive electric fun driving control, new standard for joint venture new energy driving control

On the basis of inheriting Mazda’s core "one-man-horse" driving pleasure, the EZ-6 brings users a unique inductance "control pleasure" through exclusive "row, turn, stop" development and adjustment. The 50:50 front and rear axle balanced counterweight structure makes driving more smooth and casual. The whole series comes standard with 19-inch low-wind resistance aluminum alloy wheels, with Michelin tires, which have excellent silent, energy-saving and comfortable performance. The EZ-6 series comes standard with rear H-arm multi-link independent suspension, which greatly improves the rear suspension following. The multi-link design can better control the vehicle’s dynamics and attitude, and provide clearer and more accurate road feeling feedback. In order to achieve the ideal state of the car moving freely, the yaw rate of the EZ-6 body is closer to the human body’s perception, and by increasing the steering force and damping in the central area of the steering system, the driver’s sense of precise control of the vehicle is improved, which is more suitable for the brake pedal feel curve of Chinese road conditions.

During Mazda’s more than 100 years of brand development, it has brought users many works with both performance and good driving experience, while retaining its own unique personality. In the era of electrification, Mazda’s "people-oriented" brand concept and "driving pleasure" brand essence will not change. The release of the EZ-6 will not only impact the joint venture B-class new energy vehicle market, but also reflect Mazda’s emphasis on the Chinese market.

Miss Dong, be careful! Lei Jun is doing air conditioning again 1 billion the bet is about to expire!

  How to take the call?

  Someone else wants to get a share of the air-conditioning market. This time, it has been replaced by a Xiaomi ecological chain enterprise. How will Dong Mingzhu fight back?

  On August 10, Zhimi Technology held a new product launch conference in Beijing and officially released its first new air conditioner, Zhimi Full DC Inverter Air Conditioning, priced at 4,399 yuan. The air conditioner model released this time is KFR-35GW/02ZM (M1), and the manufacturer is Sichuan Changhong Air Conditioning Co., Ltd., which directly refers to Gree’s main business.

  Zhimi happens to be the ecological chain enterprise of Xiaomi, and now it is directly targeting Gree’s main business. This can’t help but make the outside world speculate that as Dong Mingzhu and Lei Jun 1 billion the deadline of the bet is getting closer and closer, the two seem to be becoming more and more hard, just like a master trick, the powerful tricks are often left to the end.

  Interestingly, before the release of Zhimi Air Conditioning, Gree employees have been working overtime to insist on production, and Gree Electric Appliances will issue a high temperature subsidy of 1,000 yuan for all employees in the peak season. It is initially expected that Gree Electric Appliances will issue a total of over 80 million yuan in additional high temperature subsidies this time.

  The Mystery of Zhimi’s Life Story

  What is the relationship between Zhimi and Lei Jun? Let’s take a look at Xiaomi’s statement.

  On the afternoon of August 10, Xiaomi employees gave the answer: Dear media bosses, the company that released new products such as air conditioners today is Zhimi, not Xiaomi. They are also a company with a valuation of 1 billion dollars…

  Could it be that Zhimi is just an ecological chain enterprise of Xiaomi, and it is as simple as a cooperative relationship with Xiaomi rather than an affiliation? Xiaomi’s deliberate emphasis on ecological chain enterprises is to downplay that no matter what air conditioner is made, it has nothing to do with Dong Mingzhu and Lei Jun’s gambling game?

  Went to pick up the development of Zhimi. Zhimi’s A round of financing was led by Lei Jun’s Shunwei Capital, and the company was valued at $250 million at that time. In 2016, Zhimi received a $50 million B round of financing led by GIC (Singapore Government Investment Corporation), and the valuation instantly soared to $1 billion.

  It is worth noting that part of the sales of this air conditioner from Zhimi will still be included in Xiaomi’s revenue. Zhimi’s press conference mentioned that this air conditioner will be launched on the Mijia Youpin platform of Xiaomi’s boutique lifestyle e-commerce company. Xiaomi said that sales through Xiaomi channels will be included in Xiaomi’s revenue, but sales in other channels will not be included.

  In addition, through the enterprise inquiry website, it can be found that there are currently only two shareholders of Zhimi Company, one is Su Jun, CEO of Zhimi Technology, who invests 5%. At the same time, Su Jun is also the person in charge of Xiaomi Air Purifier, and the other is Liu De, co-founder and vice president of Xiaomi Technology, who invests up to 95%.

  The Xiaomi air purifier is the flagship of Xiaomi’s smart home products, and it is also the first product to detonate for home users. It has also been an important product at several Xiaomi conferences in the past.

  Lei Jun was the first to enter Dong Mingzhu’s hinterland

  Of course, regardless of the relationship between Zhimi and Xiaomi, many people choose this as another move between Lei Jun and Dong Mingzhu.

  In 2013, at the CCTV Economic Person of the Year Awards Gala, Lei Jun made a bet to Dong Mingzhu, saying, "If Xiaomi can’t beat Gree in turnover within five years, it will lose to Dong Mingzhu by one dollar." Dong Mingzhu did not show weakness, directly contradicting Lei Jun’s views and implying that it is difficult for companies that only focus on marketing to thrive, and said, "Don’t mention it again for one dollar. If you want to bet, you can bet 1 billion yuan."

  Lei Jun was the first to make a move. In December 2014, Midea Group announced that it had signed a strategic cooperation agreement with Xiaomi Technology. After the completion of the issuance of shares, Xiaomi Technology will hold 55 million shares of the company, accounting for 1.288% of the company’s total share capital after the issuance. Xiaomi can nominate one of its core senior management personnel as a director of Midea.

  In fact, Xiaomi’s involvement in air conditioning is not just to gamble with Dong Mingzhu. The core of Xiaomi’s ecosystem is to control users’ end points through mobile phones and establish complete connections. Whether it is Xiaomi itself or the ecological chain enterprises, they are building a complete intelligent end point and service ecosystem around Xiaomi’s ecosystem in products and services.

  "Big and complete" is Lei Jun’s desire and Xiaomi’s ultimate goal. From the current product line, Mijia products under Xiaomi’s ecological chain have covered all kinds of household appliances from kitchen to living room to bedroom. Air conditioners are still blank, but air conditioners are traditional household appliances, and the investment in production lines and personnel is far beyond what an Internet company can support. It is best to hand them over to ecological chain enterprises.

  Investing in Midea was the first step to complete the product layout. Not long after the investment, on June 30, 2015, Xiaomi jointly held a media communication meeting with Midea and officially released the i Youth Smart Air Conditioning. However, the sales of this air conditioner were not as good as Lei Jun had imagined. It didn’t take long for the i Youth Smart Air Conditioning to be removed from the shelves of Xiaomi Mall.

  At that time, when the media interviewed Dong Mingzhu, they asked about the cooperation between Xiaomi and Midea. She said: "I heard that Xiaomi and Midea have cooperated, and Dong Mingzhu is a little anxious. What am I anxious about? Midea’s patent court for stealing Gree ordered you to pay me two million. The two scammers are together, and they are a group of thieves. If one day you have more patents than me and your quality is better than mine, I’m really in a hurry. I have to change myself. I’m going to cheer."

  In addition to the public opinion that Dong Mingzhu did not admit defeat, in terms of business, Gree began to move towards Xiaomi’s core mobile phone business.

  Dong Mingzhu Gree mobile phone hits back at Xiaomi

  In early January 2015, Dong Mingzhu said that "Gree makes mobile phones and destroys Xiaomi in minutes". Then in March, she said that Gree mobile phones will soon be listed. Until the shareholders’ meeting in June of that year, Dong Mingzhu also stressed that there should be no big problem in the future target 50 million department.

  This scene made many people quite puzzled. What made the air conditioner maker run to make a mobile phone, and the mobile phone maker came to make an air conditioner instead?

  When Gree mobile phone first came out, it attracted a lot of attention. As the leading player in the air-conditioning industry, it crossed the border into the red sea of competition for mobile phone manufacturers, and it was paired with Dong Mingzhu, a "fast-talking" Internet celebrity chairperson, who could be said to have attracted a lot of attention.

  But for a long time after that, Gree mobile phones were limited to internal purchases, not only as an annual bonus for employees, but also as a reward for dealers.

  In fact, Gree has released a total of 3 mobile phones, sales are not satisfactory. The first generation of Gree mobile phone sales are less than 100,000, the second generation of Gree mobile phone is still on sale has been listed for a year, online sales are only about 25,000, the third color world mobile phone listed this year, the official website sales show only about 8000.

  In this way, the sales of Gree mobile phones are almost 2,000 times worse than Dong Mingzhu’s "small goal" of selling 50 million units a year. It seems that Dong Mingzhu wants to make mobile phones is not so easy.

  Enter the air conditioner market for the second time with a makeover

  I youth intelligent air conditioning did not let millet and Lei Jun give up, this time a makeover into the smart rice to enter the air conditioning market again, but allies replaced Changhong.

  Why did Zhimi choose Changhong? It is reported that after the acquisition of Meiling, Changhong has a technical research and development team of more than 2,000 people, and has many patented technologies. For example, 0.1 degree subtle sensing technology, silent air duct technology, etc. Zhimi air conditioners find Changhong to OEM, at least to ensure that the technology is leading and the quality is guaranteed. Another important reason is that Changhong’s ranking in the field of air conditioners directly determines that Changhong will not abandon Zhimi like Midea did at the beginning.

  On Changhong’s side, in 2015, Changhong’s financial report showed a huge loss of nearly 2 billion yuan, while the 2016 annual report showed that Changhong turned losses into profits and realized a net profit of 555 million yuan.

  However, from the content of the annual report, it can be seen that the main reason for Changhong’s turnaround in 2016 was the operation of color TV, IT distribution, company operations, and capital. The annual report did not mention the air-conditioning business.

  Simply put, what Zhimi needs is Changhong’s technical team, and Changhong needs the Xiaomi brand effect and Internet marketing thinking behind Zhimi. Neither of them means that anyone clings to each other, and the goal is to achieve a win-win situation.

  Next, let’s see how Miss Dong takes the call.

A "reform" brings leap development

  Strongly supporting, stimulating vitality, and accelerating innovation, China FAW achieved contrarian growth and strong growth –

  A "reform" brings leap development

  On the assembly line of the FAW Hongqi factory, the heroic "Hongqi" H9 cars caught the eye.

  "Since the launch of this car, there has been a steady stream of orders." The staff told reporters, "Not only H9, but the sales of the entire’Hongqi ‘brand car exceeded 200,000 in 2020, an increase of 42 times in three years."

  In the context of the continuous decline in sales in the global automobile industry and the impact of the epidemic, how can "red flag" vehicles rise against the trend and grow strongly? The answer of the employees is: "It comes from reform."

  Concentrate on advantages to strengthen the brand

  As the first high-end car in New China, the "Hongqi" car has always carried people’s high hopes for national cars. However, the brand has experienced ups and downs since the 1980s.

  Significant changes began in 2017. That year, Xu Liuping was transferred to FAW and launched a new round of reform. The three independent brands, Hongqi, Pentium, and Jiefang, were re-organized and resourced. In particular, "Hongqi" cars were directly operated by FAW Group headquarters, concentrating the best forces to strengthen the brand.

  "Before the reform, Hongqi Automobile was produced and operated as a branch. In 2017, after the brand was directly operated by the group headquarters, a factory dedicated to production was established, and the group headquarters was responsible for coordinating various resources." Wang Caiyun, director of the general management department of Hongqi Factory, said.

  The headquarters of the group has actively optimized the coordination and mobilization of personnel and financial resources of the Hongqi brand, so that the product quality and production scale can be rapidly improved. In this regard, the employees of the Hongqi factory are deeply touched: "In the past, there were only more than 20 professionals on our production line. Now, there are more than 200 people just doing production preparation. In the past, the annual investment was at most a few million yuan, but now it can reach billions of yuan. Three workshops such as stamping, welding, and painting have been created from scratch. The scale of the production base has been expanded by 4 times, and digitalization has been fully realized…"

  "After shouldering the operational function, the functional areas of business at the group headquarters were all demolished and redesigned. Almost all of them had task indicators linked to the development of the red flag, from’management ‘to’dry’." Zeng Xiaojun, director of the system management department/organization management department of FAW Group, said for example. "Although the headquarters had a brand marketing department in the past, it did not sell cars. After the reform, the department was abolished and the marketing center was re-established, which was not only directly responsible for sales, but also added pre-product planning and so on."

  Since 2017, the major institutional adjustment of FAW Group headquarters has been carried out 6 times. After connecting with the market, the problem of headquarters institutionalization has also been solved. The satisfaction of FAW’s grassroots units with headquarters services rose to 91.59%.

  Reform stimulates enterprise vitality

  On the bookshelf of Wang Caiyun’s office, a military order stands out. This was signed by her in FAW’s new round of "All Stand Up, All Staff Compete" last September. Exceeding the performance targets in the military order may result in promotion and salary increase. If you fail to complete it, you may lose your job or even lose your job.

  "All stand up, all employees compete for employment", which originates from FAW’s "four-energy" reform that began in 2017 and is competitive every three years. Wu Jintian, director of the group’s Human Resources compensation management department, told reporters that the core of this reform is value creation-based, performance-based measurement, to achieve "cadres can go up and down, salaries can be high and low, employees can come in and out, and institutions can increase and decrease".

  "Competing for employment based on ability depends on how much value you have created for the enterprise, and you must speak with your results." In the eyes of many FAW cadres, this reform is tantamount to a "deep earthquake".

  Mr. Liu is one of a group of capable young geniuses who want to work. After two rounds of competition in 2017 and 2020, he has become FAW’s youngest senior manager after nine years of work. Previously, it took 16 years at the fastest for employees to enter the senior manager position. The reform has reduced the average age of FAW’s middle-level cadres by about 5 years.

  After the 1980s, Wang Caiyun also achieved a three-level jump in three years due to the "four-ability reform": from a second-level manager, to a senior director, and then to a department director. "Being able to go up and down, in and out, is a manifestation of the vitality of an enterprise," she said.

  With the younger ranks of cadres, many post-80s and post-90s have been entrusted with important responsibilities, provoking the backbone in the research, production and sales system, and "red flag" cars have gradually entered the hearts of "new car buying forces".

  Accelerate the pace of innovation across the board

  When the reporter arrived at the FAW Innovation Technology Research Institute, Cao Lijun, the head of the Comprehensive Technology Management Department, was leading colleagues to study the "14th Five-Year" intellectual property plan.

  In order to comprehensively strengthen its innovation capabilities, in September 2017, FAW kicked off the reform of its scientific research system and restructured the FAW Technology Center, which is known as the "Cradle of China’s Automotive R & D Talents". It established the Research and Development Institute, the Modeling Design Institute, the New Energy Development Institute, and the Intelligent Network Development Institute. In the past three years, it has successively established the Innovation Technology Research Institute, the Materials Research Institute, and the Testing and Testing Institute.

  The overall scientific research structure has changed from "one center" to "Big Dipper", the research direction is more detailed, and the R & D responsibilities are clearer. At the same time, the development of "Hongqi" products has been strengthened. For example, the Design Institute is mainly responsible for the appearance design of the Hongqi brand.

  Wang Caiyun said: "After the establishment of the Design Institute, the’Red Flag ‘has its own family design language, and these are the iconic symbols of the’Red Flag’ car."

  The segmentation of the research and development field has also greatly accelerated the pace of FAW’s follow-up with the latest technologies and exploration of forward-looking technologies. Take the Intelligent Netlink Development Institute as an example, due to a group of personnel specializing in vehicle to everything, the intelligence of Hongqi has been continuously upgraded. The Hongqi EHS9, which was launched in December last year, has been praised by users as "killing many products of the same level in seconds".

  "In the past, ‘Hongqi’ had a single product and not many models. Due to the reform of the scientific research system, new technologies in the industry were quickly reflected in the car, and the speed of product update and iteration has surpassed that of joint venture vehicles." The staff of the final assembly workshop of the Hongqi factory told reporters that the significant improvement in the development and design level not only gave Hongqi more and more "charm points", but also the manufacturability and equipability of products, which will help "Hongqi" usher in a big explosion in production and sales.

  Through comprehensive deepening of reform, China FAW’s independent innovation ability has been significantly enhanced, and 3,508 patents were applied for in 2020, an increase of 19.8% year-on-year; in the past three years, vehicle sales have increased from 3.106 million to 3.706 million, with an average annual growth of 4.5%, and the market share has increased from 11.1% to 14.6%, an increase of 3.5 percentage points. (reporter
Peng Bing, Liu Shanshan)

  Authors: Peng Bing, Liu Shanshan

[Editor in charge:

]

Net profit plummeted by 89%, and the Great Wall was trapped in new energy.

  Stock trading depends on Jin Qilin analyst research report, which is authoritative, professional, timely and comprehensive, and helps you tap the potential theme opportunities!

Transfer from: Guanwang Finance

Text | Zhang Jiadong Editor | Zhang Guangkai

On April 21,Officially released the financial report for the first quarter of 2023.

According to the financial report data, the total operating income of Great Wall Motor in the quarter totaled 29.038 billion yuan, down 13.63% year-on-year; The net profit attributable to shareholders of listed companies totaled 174 million yuan, a year-on-year decrease of 89.34%.

Great Wall First Quarter Financial Report Source: Screenshot of Great Wall Financial Report

Great Wall Motor said in the financial report that the decline in profit was mainly due to the fact that it was still in the period of product structure adjustment during the reporting period and increased investment in new energy brand building and R&D under the rhythm of new product listing in 2023.

If the timeline is extended to the fourth quarter of last year, it is not difficult to find the bottleneck of the Great Wall-the new energy transformation problem. Although Euler, a pure electric brand, and Wei brand, which was revived after getting on the car with lemon hybrid technology last year, new energy vehicles are still a minority in the product system under the five brands of the Great Wall.

First of all, last year, due to the supply chain problems in the Euler brand, white cats and black cats in the entry-level market were streamlined, while good cats and ballet cats, which mainly focus on the boutique car market, could not bear more sales burdens in price positioning; Secondly, trying to inject Wei brand with three-speed DHT hybrid technology is limited by high price positioning and is still looking for its own breaking point.

2023 Euler Good Cat

Therefore, with the changing trend of China’s fuel vehicle market and new energy market, the Great Wall, which has fewer electric vehicles, finally faces the pressure of sales.

In the first quarter of this year, the total sales volume of Great Wall Motor was about 220,000 vehicles, a year-on-year decrease of 22.41%, creating the biggest decline of Great Wall in the market in recent years.

It is believed that the main reason for the decline in sales of Great Wall Motor is that the transformation of the main brand Haval is difficult to reverse the image of "national fuel SUV" in a short period of time, and Haval has failed to sell fuel vehicles and new energy products separately.

Haval H6 PHEV

In addition, Wei Pai and Euler, who focus on the new energy market, can’t bear the heavy responsibility of the group’s more new energy sales growth under the original market positioning.

However, judging from the external reaction, the capital market has not responded strongly to the decline in profits of Great Wall Motor. As of the close of April 24, Great Wall Motor’s share price closed at 27.94 yuan, with an increase of 2.08% on that day.

The reason may stem from a series of reform measures that the Great Wall started from last year.

Transformation new energy

It is the same as the change from the inside out when the new forces move from ignorance to precipitation. Traditional car companies want to embrace new energy quickly, and the reform of organizational structure is also destined to go first.

Last year, Li Ruifeng, CGO (Chief Growth Officer) of Great Wall Motor, said in an interview: "There are too many categories of brands in Great Wall, and it was planned to incubate new brands. Now the market competition is so fierce that the original situation of entering a blue ocean market with brands can avoid competition, and now this market no longer exists."

To this end, Great Wall chose the corporate brand focusing on "One Great Wall".

In December last year, Great Wall first announced the integration of its vehicle brand marketing system, and adopted a dual-brand operation model for Wei brand and tank.

In March of this year, Euler and Salon brands also completed the integration immediately. In this way, a set of channels, 1.5 sets of organizations and 2 brands are formed.

Great Wall said that after the integration of the existing brands, the group will form a brand-new organization focusing on pure electricity, and at the same time, it will have a clearer positioning for each brand.

Before the Shanghai Auto Show, the Great Wall had initially completed the integration of the organizational structure, and in terms of brand positioning, the Great Wall chose to use technology to create a label.

In the first quarter of 2023, the R&D expenditure of Great Wall Motor was 1.534 billion yuan, an increase of 210 million yuan compared with 1.324 billion yuan in the fourth quarter of 2022. In addition, Great Wall Motor’s marketing expenses also increased by 403 million yuan.

Great Wall Hi4 technology

In addition to the continuous improvement and boarding of technical platforms such as lemon mixing and coffee intelligence that have already landed before, Great Wall once again launched Hi4 intelligent four-wheel drive electric hybrid technology with Haval brand this year, expecting to bring personalized brand labels in the wave of new energy transformation.

These technological achievements have also been presented one by one at this year’s Shanghai Auto Show. During the two-day media day, the five brands of Great Wall, namely Haval, Weipai, Euler, Tank and Great Wall Gun, launched more than 15 intelligent new energy vehicles.

Among them, Haval Xiaolong MAX, the first model of the brand-new "Dragon Net" of Haval brand, was officially unveiled, and the vehicle was equipped with new Hi4 technology, focusing on the four-wheel drive "equal rights" in the era of intelligent electrification.

With the help of the blue mountain model, Wei Pai has created a high-end home positioning with the design of mixed DHT, space and comfort configuration. The MPV model Gaoshan, which appeared at the same venue, is also strengthening the product direction of Wei Pai since then.

Weipai Blue Mountain

Tanks and Great Wall Gun brands are respectively connected to the brand-new off-road hybrid architecture Hi4-T, thus further strengthening their advantages in market segments.

By focusing on the "women’s market" and reducing the price of new good cats and ballet cats, the Euler brand will enhance the competitiveness of their respective models in the market.

CITIC Securities said that the brand reorganization and team change of Great Wall Motor can concentrate superior resources and enhance the operational capability of enterprises.

In addition, the Haval brand officially announced in March that it would establish a brand-new and independent sales network for its new energy vehicles, and the new network was named Haval Dragon Network. Haval Xiaolong, which was unveiled at this auto show, is the first model of Longwang.

Haval Xiaolong

From the internal structure, to the blowout of new energy products, and then to the independent sub-network of new energy vehicles. The Great Wall’s series of actions since this year are undoubtedly showing its strong will to accelerate the transformation of electrification.

Pursue long-term?

At the recent press conferences of its brands, the Great Wall Association repeatedly mentioned a number "32 years", which is the historical accumulation of Great Wall Motor, and Great Wall also hopes to express its strategic strength and long-term thinking.

At this year’s Shanghai Auto Show, an insider of Great Wall Motor also expressed this view to the author.

He believes: "In the short term, the profit decline of Great Wall is certain. In addition to fully promoting the transformation of new energy, the five brands under Great Wall have also taken the initiative to take differentiated measures such as price protection and promotion, but both in technology accumulation and brand building, Great Wall has maintained a positive attitude towards the future."

On the whole, since the beginning of this year’s "price war", Haval H6 has a cash discount of 15,000 yuan; In 2023, the good cat offered a discount of 22,000 yuan, and the tank announced the annual insurance policy. A series of profit-making policies also showed the great wall’s vision of going all out to new energy sources on the premise of keeping the basic disk of fuel vehicles.

Shanghai Auto Show Tank and Wei Brand Joint Booth

However, it should be pointed out that the sales pressure placed in front of the Great Wall has not been reduced.

After the integration of brand resources, Great Wall Motor also adjusted its sales target in 2023: the annual sales target was reduced to 1.6 million vehicles, the penetration rate of new energy vehicles was challenged by 40%, the overseas sales target was 250,000 vehicles, and the expected net profit was 6 billion yuan.

Now that the first quarter has passed, the target completion rate of Great Wall Motor is still far less than 1/4 of the adjusted target. In other words, after all the new products exhibited at the auto show went to the market, the challenges faced by Great Wall Motor have just begun.

From the objective environment, the transformation of the Great Wall has no first-Mover advantage in the current market. whenWhen the new forces have laid a brand-new marketing network into the streets, they have just decided how long it will take for the Great Wall to make up for the lessons left in the direct sales outlets, and it will still take time to observe.

At the same time, for the electrification transformation of the industry, the Great Wall is not only betting on the hybrid field, but also the full-field layout of pure electricity and hydrogen energy in parallel, which is obviously the long-term consideration of the Great Wall for new energy technologies.

However, from the current market environment and revenue pressure, how to make up for the profitability in the short and medium term by using the existing technology is also a problem that Great Wall needs to think about and solve as soon as possible.

Zhiji, it’s hard to be a prince of SAIC’s new energy vehicle.

For SAIC, Zhiji Automobile is a proper "prince", and it comes with its own aura and is highly anticipated.

Investment from SAIC, Ali and Zhangjiang Hi-Tech recently reached RMB 3 billion, with a valuation of RMB 30 billion.

At the presentation of SAIC’s 2022 semi-annual report, Zhiji was a "major strategic innovation project" of SAIC, and it was also mentioned in the semi-annual report that Zhiji Automobile was an important starting point for SAIC’s "upward development of independent vehicles".

At the beginning of the year, during the worst epidemic in Shanghai, SAIC tried its best to allocate resources to ensure that key new products such as Zhiji L7 went on sale. Zhiji Automobile has also been emphasizing the background of SAIC.

However, the sales of Zhiji L7 are not satisfactory. Since the delivery in late June, the delivery volume is not good. According to the data disclosed by the Association, in September, Zhiji L7 sold 1,019 units, and in July and August, it sold 816 units and 1,007 units respectively.

In the past, there were competitors such as Weilai, and behind them, there was a "direct biography" brother Feifan Automobile, which was about to go public. At that time, it would also seize the resources of SAIC. Can Zhiji afford to be the prince of SAIC?

In January, it sold for 1000 yuan, but it was difficult for the prince to win public support.

In September, the auto market improved.

Recently, according to the latest automobile sales data released by China Automobile Industry Association, the automobile sales volume in September was 2.61 million units, up 9.5% month-on-month and 25.7% year-on-year, maintaining a high-speed growth momentum. Among them, the sales volume of new energy vehicles reached 708,000, a year-on-year increase of 93.9%, and the market share reached 27.1%. 

Tesla’s ModelY sold 51,802 units in September, holding the top spot. The top 30 models have sold more than 5,000 vehicles per month. Among the new forces making cars, Ideal L9 sold 10,123 units. In the pure electric vehicle market with a price exceeding 400,000 yuan, the sales volume of Weilai ET7 in September was 2,928.

"ZhiJi monthly sales of one thousand, must be failed. Although it is said to be a high-end positioning of around 400,000, it will take thousands of units a month, which is similar. " Mr. Zhou, an insider of the car circle, said.

The sales volume is bleak. Besides the brand has just started and its popularity is not high, Zhiji’s investment in channel construction is not strong, which is also an influencing factor.

According to the statistics of Lujiu Business Review, Zhiji has about 40 experience centers and about 35 delivery centers in China. This kind of coverage network is somewhat inadequate.

Taking Beijing as an example, Lu Jiu’s business review learned that Zhiji has only four experience centers in Beijing. Among them, Beitou Shopping Garden Store has just opened on National Day. In contrast, LI has 18 stores in Beijing. Weilai Automobile has 21 stores in Beijing.

Not only that, in terms of distribution channels, Zhiji is also relying on SAIC. During the visit, Lu Jiu’s business review found that several Zhiji sales points in Beijing were made by traditional 4S Buick dealers.

For example, Wangfujing APM store, Zhiji automobile and Buick dealer Gadalai cooperate. Take the mode that Zhizhi pays to rent the storefront, and the dealer hires people to be responsible for the management.

This is somewhat similar to Huawei’s channel vendors, but slightly different. The M5 and M7 sample cars displayed in Huawei Experience Store are all purchased by the store owner himself. The sample cars in Zhiji’s store are directly provided by Zhiji, and dealers do not need to pay for them themselves.

Users book cars online, dealers take sales commissions, and deduct employees’ sales commission and marketing expenses, which is their own profits.

"Zhiji is like this, in order to reduce the pressure on dealers. If you pull the dealer alone, the cost will be invested. If the sales volume does not come up, it will be very troublesome later. " Mr. Zhou said.

When some car companies push new products, they will "apportion" the dealers, and at the same time, they will take some newly pushed models while entering those models that sell well. Mr. Zhou believes that Zhiji’s approach is somewhat similar to this method.

In addition, Zhiji is also conservative in brand investment. "SAIC is a state-owned enterprise, and its budget is very strict, so there are fewer advertisements." The sales staff of Zhongguancun exhibition shop told Lu Jiu’s business review.

If the sales volume does not come up, the turnover of sales staff will be great. "The basic salary of sales is 4,000 yuan. We can probably get 800-1000 yuan when we sell a car. Especially in the past few months, sales have not yet started. Some salespeople can’t sell cars, so they get a basic salary. The pressure in Beijing is great. He left without moving." The sales of Liu, who led the exhibition at Heshenghui, said.

In view of the current sales situation, what further measures does Zhiji have? Lu Jiu’s business review asked Zhiji’s official about this, but as of the time of publication, he didn’t get a reply.

02 35-400,000 range

The prince’s tough battle is not easy to fight.

As the "No.1 Project" of SAIC, Zhiji Automobile has high hopes. SAIC hopes that the Prince will fight hard and attack the independent luxury car market that the Group has not been able to win.

SAIC defines Zhiji as a high-end luxury brand. In the company’s 2021 annual financial report, there is such a description: through the listing of new products such as Zhiji, SAIC Audi and Cadillac, the product camp of luxury brands is further strengthened.

In terms of vehicle size, price and configuration, the target of Zhiji L7 is Weilai ET7. The models with two configurations of Zhiji L7 are priced at 368,800 and 408,800 respectively; The price of Weilai ET7 is about 450,000 to 530,000.

"Wisdom has more control and performance. We call this car the control involution king, which is a bit niche and biased towards those who like to play with cars. " A sales person surnamed Ren told Lu Jiu Business Review.

"We are cheaper than ET7. ET7 is mainly expensive in its service, because they have power exchange service. These are all costs, which will ultimately be reflected in the price of the car." He said that at present, Zhiji L7 has no power exchange service, so the price is cheaper than Weilai.

Compared with Zhiji, Weilai started early, has a strong brand influence, and relies on the unique positioning of "car as a service" to form a strong user stickiness.

In terms of sales volume, there is also a considerable gap between Zhiji L7 and Weilai ET7. Weilai ET7 sold 2,928 units in September and 4,349 units in June.

The prices of two products of Zhiji L7 have reached the price range of BBA. According to public information, only Weilai can occupy a place in the market segment of 350,000-400,000 yuan.

Hi-Tech Intelligent Automobile Research Institute believes that this road of Zhiji is very difficult. The top matching of Zhiji L7 with a price of 408,800 yuan is the model range of BBA, and the general effect will not be very good if the top matching is used to play the low matching of joint venture brands.

Tamia Liu, CEO of Zhiji Automobile, once said: "It is miserable and helpless for users who spend more than 400,000 plus tax close to 500,000 to buy BBA."

Today’s Zhiji car, the differentiated competition has not been shown, but the price and positioning have kept up. This kind of unsynchronization has the most intuitive appearance in sales volume. Although relying heavily on the brand and production and supply resources of SAIC, as an independent luxury brand, Zhiji lacks sufficient persuasion.

Can brothers still sit still when they are competing for the crown prince?

In the past, there were independent brands such as Weilai and many joint venture brands. Behind them, Zhiji Automobile also faced the resource competition of another brother, Feifan Automobile.

Feifan Automobile is an R brand wholly owned and operated by SAIC and its employees, and it is also a brand within SAIC. In contrast, Feifan car is more like a "prince" than Zhiji.

In the planning map of SAIC, it is Zhiji Automobile and Feifan Automobile that promote the development of independent brands. Moreover, Feifan Automobile, like Zhiji, is also a "major strategic innovation project" of SAIC.

Tamia Liu, co-CEO of Zhiji Automobile, has served as an important manager in various positions of SAIC, and has served as product manager, director of market operation department, director of product planning and deputy general manager of quality and economic operation department.

Wu Bing, CEO of Feifan Automobile, has 20 years working experience in SAIC. According to public information, Wu Bing has successively held important positions in several subsidiaries of SAIC-GM, Shanghai Automotive Group Insurance Sales Co., Ltd. and Xiangdao Travel.

Backed by SAIC and endorsed by SAIC is the basic strategy of Zhizhi. In Zhiji’s sales store, the words "Ali makes cars, SAIC quality" are particularly eye-catching.

In manufacturing, Zhiji also relies on SAIC platform. "SAIC has many resources, including the rear wheel steering technology of the car, the design of the chassis, chips and hardware equipment, all relying on SAIC’s supply chain." Ren surnamed sales of Zhongguancun exhibition shop said.

On September 22nd, SAIC announced that it will jointly invest with China Petrochemical, China Petroleum and Contemporary Amperex Technology Co., Limited to establish Shanghai Jieneng Zhidian New Energy Technology Co., Ltd., and will build charging piles at 50,000 gas stations nationwide.

Zhiji characterized this news as good for car owners, and all sales points made publicity signs: "Zhiji’s energy replenishment system will be expanded again, and relying on Jieneng Zhidian, a subsidiary of SAIC, we will fully promote the strong upgrade of the charging network."

Flying every car is the same strategy.

Wu Bing, CEO of Feifan Automobile, was also deliberately highlighting the resources of SAIC in an interview. It has always been emphasized that Feifan Automobile does not start from scratch, "but is carried out on the basis of SAIC’s huge resources".

On September 22nd, SAIC cooperated with PetroChina, Sinopec and Contemporary Amperex Technology Co., Limited, and Feifan Automobile also served as its own resource. Moreover, compared with Zhiji, Feifan and Jieneng Zhidian have a closer relationship.

"SAIC is in a difficult time now, and it is in urgent need of independent brands to do it as soon as possible. In the past, independent brands had a habit of having more brands, having more children and fighting, and the east was not bright and the west was bright. " Mr. Zhou said.

Although Wu Bing has been saying that Fei Fan and Zhi Ji do not constitute competition, in fact, the competition between them is inevitable.

The first is the competition for resources.

Feifan automobile is positioned at the high end, and Zhiji automobile is positioned at the high end. However, the price difference is not very big. The price difference between Feifan and Zhiji is about 50,000 yuan. As two independent new energy brands under SAIC, there is inevitably competition in the undertaking of SAIC brand resources.

In addition, the positioning of the two brands will overlap in the future.

The news learned by Lu Jiu’s business review is that Zhiji will launch a B-class car next year, which is the model that the company wants to take. This B-class car will have direct competition with Feifan.

"In fact, the L7 car is not a real car, it is a brand car. The real car is the B-class car released next year, and the company plans it like this. " "Just like Tesla, the earliest model started at 800,000, and then there were 300,000 models up and down," said Ren, a salesman at the Zhiji exhibition store.

Sales staff revealed that the B-class car released by Zhiji next year will be marked with ET5, Mmodel 3 and other models, which is Zhiji’s brand strategy.

Feifan R7 will be delivered at the end of October, and when the market runs away for some time, especially next year, Zhiji will launch a B-class car, when the two brands will directly fight.

If Feifan’s car sales are improving, SAIC will have to adjust its resource allocation in the case of tight resources.

To prove that he can be a "prince", Zhiji’s time is running out.