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Porsche Taycan debuts with new battery life and upgraded configuration

Since its inception, with its unique identity, it has undertaken the heavy task of brand electrification transformation. As a fusion of classic and innovative, it not only continues the classic elements of the brand, but also deeply integrates the pure electric platform for positive research and development, becoming the representative of pure electric in the new era.

In 2023, Porsche sold more than 320,000 new cars worldwide, of which the Taycan sold more than 40,000 units, which is enough to prove the important position of the Taycan in the Porsche series and its recognition in the hearts of consumers.

Recently, the new Porsche Taycan with a new upgrade and configuration again, released a total of 7 models, including sports cars and Cross Turismo two body forms, all standard high-performance batteries. The starting price of the new Taycan is more than one million yuan, and the price of the whole series is 100.8-199 8,000 yuan.

The new Taycan has been adjusted in detail in the front face, and the optimization of the air inlet shape has improved the effect, up to a minimum of 0.22. The new style of lamp group design is matched with high definition matrix (HD) technology, and the interior of the headlight is composed of 32,000 LED light sources, which further enhances the lighting effect and safety.

Externally, the new Taycan’s front fenders and flatter headlights visually widen the car’s width, and the Porsche logo in the strip taillights features a three-dimensional glass exterior design and supports lighting, adding a unique welcome/departure animation effect.

In terms of performance, the new Taycan is equipped with new 21-inch tires with lower rolling resistance, which helps to improve battery life. The battery capacity has been increased from 93kWh to 105kWh, and the WLTP range has been increased to a maximum of 693km. At the 800V DC charging station, the maximum charging power of the new car can reach 320kW, which is 145kW higher than before, and the fast charging time is greatly shortened.

In terms of configuration, the new Taycan has been fully upgraded, including sound system, front seat heating, wireless charging + smartphone tray, etc., to improve convenience and comfort. In addition, the configuration of electric charging port cover, adaptive air suspension, rearview mirror rim light has also been upgraded.

In terms of power performance, the new Taycan also spares no effort. Take the Taycan Turbo S as an example, the system can reach a maximum power of 700kW, and the 0-100km/h acceleration time is only 2.4 seconds. The Push-to-Pass (one-click acceleration) function in the Sport Chrono component can output up to 70kW of additional power in 10 seconds.

On the track, the new Taycan also showed its outstanding performance. Equipped with Weissach components, the Taycan Turbo GT with Weissach Package achieved the fastest lap time of 1:27.87 at Laguna Seca Circuit in the United States, becoming the fastest pure electric production car on the track.

Since its launch in 2019, the Porsche Taycan has become a model of performance in the electric sports car industry with its outstanding performance and continuous innovation. The comprehensive upgrade of the new Taycan in terms of performance, battery life and configuration will undoubtedly further consolidate its leading position in the ultra-luxury brand electric sports car. For Taycan owners, "this is still a Porsche" is not only a recognition of its performance, but also a legacy of its brand spirit.

Pangdonglai will spend 4 billion yuan to build super-large commercial assets that will belong to all employees in the future.

On the evening of November 17th, Yu Donglai, the founder of Fat Donglai, gave a live broadcast, which lasted about 2.5 hours and was watched by more than 4 million people. In the live broadcast, Yu Donglai shared the management concept of Fat Donglai, the experience of adjusting Yonghui and BBK, and the attitude of learning from Sam instead of competition.

Wandering stars

When talking about the "City of Freedom" project of Pangdonglai, Yu Donglai introduced that the planned project is a super-large commercial body with a scale of 420,000 square meters, and the investment of the commercial body is estimated to be about 4 billion yuan (excluding supporting hotels). At present, Pangdonglai has 2 billion yuan in hand, and it will start construction when it reaches about 3 billion yuan by the end of next year, so it is a very relaxed investment state.

When talking about the goal of "the city of freedom", Yu Donglai said that he wanted to set an example, as long as the operation was reasonable, if it was done successfully, it would be an asset for all employees from the fat east, if it was not done well, it would be gone, and he had a good attitude.

Wandering stars

Or are you greedy for the car market？ Gree once again made a high-profile car. Can Dong Mingzhu’s dream of making a car succeed？

The domestic automobile market is no longer new for cross-border car-making. In the early years, most of the new power brands started in the Internet industry. In recent years, all walks of life hope to get a share in the automobile market. Not only do people who make mobile phones and color TVs keep pouring into the car circle, but even those who make sweeping robots and engage in real estate development are building cars.

Then, will the brand that makes air conditioners be absent? Of course not. Gree is the representative. Recently, Shanghai Gree Automobile Technology Co., Ltd. was established with a registered capital of 20 million RMB, and its business scope includes automobile parts research and development, automobile parts and accessories manufacturing, industrial robot manufacturing, industrial robot sales, intelligent robot research and development, etc. Obviously, Gree is already paving the way for building a car.

Has Dong Mingzhu learned a lesson from Gree’s second-hand car?

On the surface, Shanghai Gree Automobile Technology Co., Ltd. was established only recently, but in fact this is not the first time Gree has built a car. As early as 2016, Gree Electric was prepared to acquire 100% shares of Zhuhai Yinlong for 13 billion yuan. Although the acquisition was stalled due to the opposition of Gree shareholders, it also opened the prelude to Dong Mingzhu’s intention to build a car.

In desperation, Dong Mingzhu invested 1 billion yuan in his own name to acquire the shares of Zhuhai Yinlong, and after repeated capital increase, Dong Mingzhu’s shareholding ratio increased to 17.46%, which made Dong Mingzhu realize his dream of building a car. But after all, investment acquisition is only the beginning of the dream of building a car. If you want to survive in the automobile market, you must come up with satisfactory products.

From the product point of view, Guangtong, the first model after Dong Mingzhu’s shareholding in Zhuhai Yinlong, has been listed in 2017, and the voice of doubt is not small, not only the longest battery life is only 200km, but even the top speed is only 120km/h, so it is naturally difficult to measure the product strength without bright spots. Although the second model, Yinlong Effie, has increased its battery life to 450km, the price of over 400,000 yuan has also been directly taught by the market.

In the days to come, Yinlong Automobile was also in constant trouble. Even in 2018, it was exposed to negative news such as arrears in supplier payment and arrears in employee wages. In 2019, Gree intended to cooperate with Weimar to change the status quo of Yinlong Automobile, but soon Weimar went bankrupt and there was no following. In the end, Yinlong Automobile was renamed as "Gree Titanium" in 2021. In 2023, Gree Electric increased its shareholding in Gree Titanium to 72.47%, which was managed by Dong Mingzhu himself.

All of the above shows that Dong Mingzhu doesn’t know much about the automobile market, and building a car is far from as simple as Dong Mingzhu imagined. With the establishment of Shanghai Gree Automobile Technology Co., Ltd., the second car-making in Dong Mingzhu started. Behind this is not only Dong Mingzhu’s obsession with the dream of making cars, but also the huge profits in the automobile market, otherwise there would not be so many people trying to squeeze into the automobile market. However, has Dong Mingzhu learned the lesson of Yinlong’s failure?

It is not easy to build a car, and Dong Mingzhu’s dream of building a car will fail again

There is no denying that Gree is a leading enterprise in the air-conditioning industry, and its sales volume and influence are hard to match with those of its friends. Dong Mingzhu, who pushed Gree to the top with one hand, is naturally proud of making cars. He once bombarded domestic cars in public, but when he built them himself, he found that making cars was far from as simple as he thought.

Why did Yinlong fail? In fact, the technology is still too bad, and at the same time, Dong Mingzhu himself is arrogant, pulling the pricing of Yinlong’s products to a height that does not belong to it. What’s more, the models of Yinlong Automobile are "knockoffs" from any angle, but they are higher than the genuine ones in price. Is it because the Logo of Yinlong Automobile uses five rings more than the four rings of Audi?

If Dong Mingzhu paid attention to product building and technology research and development when it first built a car in 2016, perhaps the dream of building a car had already come true. But now it’s 2024. Can dreams that were not realized eight years ago be realized now? Compared with eight years ago, the involution of the current automobile market is completely out of one dimension. Except Xiaomi, the new power brands established in the past two years have failed to make waves without exception.

For the new power brands, there are actually only two ways to go, either relying on traditional automobile manufacturers, such as Deep Blue Automobile, Extreme Krypton Automobile and Intimate Automobile, and relying on traditional manufacturers such as Chang ‘an, Geely and SAIC respectively. There is neither a lack of technology nor a lack of R&D funds, and at the same time, brand awareness can be established. The other way is to become popular by marketing, just like Xiaomi Automobile, but the premise behind marketing is that the competitiveness of the product itself is not bad, and the quality cannot be too flawed. The most important thing is that the founder must be as influential as Lei Jun.

It’s a pity that there seems to be some gap between Dong Mingzhu and Lei Jun now, and Dong Mingzhu is not satisfactory in both personality charm and rigor in making cars. In addition, although Dong Mingzhu and Gree have 8 years of experience in building cars, they can hardly come up with the core technology. The only advantage may be car air conditioning. After all, this is Gree’s housekeeping skill.

Write at the end:

In the field of air-conditioning, Dong Mingzhu is undoubtedly successful, but the profit and development potential of the air-conditioning market are limited after all, so Dong Mingzhu hopes to enter more industries. However, judging from the results, almost all cross-border ventures in Dong Mingzhu have ended in failure, and both the former Gree mobile phone and the current Gree Titanium car have become jokes in the circle. So, do you think Dong Mingzhu’s dream of building a second car can come true?

New Hatred and Old Hatred： A Historical Review of the Conflict between Georgia and Russia

　　On August 9, 2008, the conflict in Georgia escalated. This TV photo taken on August 8 shows that Russian troops are heading for Tskhinvali, the capital of South Ossetia, Georgia. From the evening of the 7th to the morning of the 8th, there was another armed conflict between Georgian army and armed personnel of South Ossetia Autonomous Prefecture near Tskhinvali. Russian TV reported earlier on the 8th that Russian troops and tanks entered South Ossetia on the same day. On the evening of the 8th, Georgian President Saakashvili delivered a televised speech to the people, saying that Georgian troops had completely controlled Tskhinvali, the capital of South Ossetia. Xinhua News Agency/AFP

　　For more than a decade, the tense crisis between the two countries has occurred from time to time. However, every time I saw "dark clouds gathering", "rain" did not come down.

　　Since the disintegration of the Soviet Union, the contradictions, conflicts and confrontations between Russia and Georgia, two newly born countries, have almost never stopped, and there is an increasingly tense trend. From April to May, 2008, because the Georgian unmanned reconnaissance plane was shot down by the Abkhaz military in China, the government became furious and began to station a large number of troops in areas adjacent to Abkhazia, while Russia increased its peacekeeping forces to Abkhazia, claiming to severely respond to the possible aggression by Georgia. The two sides are so tense that some people describe the crisis situation of Russia-Georgia relations as "near the state of war" For more than a decade, similar situations have often occurred between the two countries. However, every time I saw "dark clouds gathering", "rain" did not come down.

　　The basic background of the relationship between the two countries

　　The Caucasus Mountains straddle the Black Sea and Caspian Sea from northwest to southeast, forming a part of the dividing line between Europe and Asia. The relationship between nations and countries on the north and south sides of the mountain range is complex and special. The northern part of the Caucasus Mountains is called the Inner Caucasus or the North Caucasus, and now it belongs to the southern region of Russia. There are North Ossetia-Alain Autonomous Republic and Ingushetia Republic, which have good relations with the Russian central government, Chechen Republic, which once had bad relations with the Russian central government, and Caraccia I-Celka Republic, Kabardino-Balkar Republic and Dagestan Republic. The south of the Caucasus is called Transcaucasia, also called South Caucasus, and there are three countries-Georgia with Orthodox Christianity as the main belief, Armenia with traditional Christianity as the main belief, and Azerbaijan with Islam and close ties with Iran. The Caucasus Mountains divide Eurasia into two parts, and it is also divided into two parts by different nationalities and countries, torn by different civilizations, different nationalities and different powers.

　　One is Abkhazia, which has close ties with Russia.

　　Among the three countries in Transcaucasia, Georgia has the most tense relationship with Russia. Georgia is a small country, with a land area of 0.41% of that of Russia. At the beginning of 2006, the total population was 3.1% of that of Russia. Why is the relationship between two countries with such a huge difference in size tense? There are undoubtedly many reasons, among which the most direct one is that Abkhazia and South Ossetia in Georgia are too close to Russia.

　　Abkhazia is an autonomous Republic of Georgia, located on the Black Sea in northwest Georgia. Its capital is the coastal city of Sukhumi, which is very close to Sochi, a health resort in southern Russia. During the Soviet period, Stalin and other leaders built villas in Sochi. Economically, Sukhumi was the main producing area of tea and citrus in czarist Russia and Soviet Union. Abkhazia and the Black Sea coastal areas in southwestern Russia belong to a regional economic circle. In addition, Abkhazians converted to Christianity as early as the 6th century A.D., and were influenced by Islam after the rise of the Ottoman Empire in the 11th century, which made them closer to the North Caucasians in history, language and culture. Abkhazia’s economic and cultural exchanges with Russia are far closer than those with Tbilisi, the center of Georgia in the mountains. Because Abkhazians have a long-term pro-Russian tendency, Georgia often adopts repressive policies against them in language, culture and ethnic policies. Shortly after the disintegration of the Soviet Union and the independence of Georgia, Abkhazia also declared its independence in July 1992, and the Georgian central authorities sent troops to station, which triggered an armed conflict that lasted for more than a year, causing tens of thousands of casualties and half of the residents fleeing their hometowns. Under the mediation of Russia and the international community, the two parties to the conflict signed a ceasefire agreement in Moscow in May 1994. According to this agreement, Russian troops entered Abkhazia in the name of the CIS peacekeeping force. Since then, Russia has strengthened its ties with Abkhazia in various ways, such as simplifying the procedures for Abkhazians to join Russian nationality and reopening the railway to Sukhumi.Georgia imposed an economic blockade and embargo on Abkhazia. To this day, it is still the arena between Russia and Georgia.

　　One is South Ossetia, which has a love affair with Russia.

　　The close relationship between Ossetia and Russia is different from that in Abkhazia. Ossetia is divided into north and south. During the Soviet period, North Ossetia was originally only a district belonging to the Gore Autonomous Republic, but its status continued to improve, and it was upgraded to an autonomous prefecture and an autonomous Republic in 1924 and 1936. After the disintegration of the Soviet Union, North Ossetia was upgraded to a republic of the Russian Federation.

　　South Ossetia is far behind its northern brothers in status. During the Soviet Union, although South Ossetia had autonomous status, it was only an autonomous prefecture of Georgia in administrative division. After Georgia’s independence, it is still an autonomous prefecture. Therefore, South Ossetia has always sought an independent status on an equal footing with Georgia and is not subject to the jurisdiction of the Georgian central government. As early as 1989, South Ossetia had an open conflict with the Georgian government, which lasted until the summer of 1992, causing a large number of casualties. In the meantime, South Ossetia not only declared its independence by referendum in January 1990, but also proposed to merge with the Russian Republic of North Ossetia. In June 1992, Russia, Georgia, South Ossetia and North Ossetia held talks on the peaceful settlement of armed conflicts and reached an agreement on a ceasefire, the establishment of a peacekeeping force and a supervisory committee. In July, a 1,500-member peacekeeping force composed of Russia, Georgia and South Ossetia established a security corridor on the border between South Ossetia and Georgia, which actually separated South Ossetia from Georgia. Considering the complicated international relations, Russia has neither recognized the independence of South Ossetia nor supported its merger with North Ossetia, but it has maintained close ties with it in secret. For example, most South Ossetians hold Russian passports, and rubles are widely circulated in the local area. In recent ten years, due to South Ossetia’s secret love for Russia, Russia and Georgia have not only quarreled, but sometimes even threatened each other with force.

　　There are also historical grievances.

　　In addition to the conflict of interests between Abkhazia and South Ossetia, there are historical reasons why the relationship between Russia and Georgia is difficult to straighten out. The relationship between them is extraordinary, and some scholars use the term "once brothers" and today’s "enemies" to describe them. Georgians established their own country earlier than Russia. However, in the first half of the 19th century, the Georgian country was annexed by Tsarist Russia. After the October Revolution, Georgia once declared its independence, but it was soon occupied by the Soviet Red Army. In February 1921, Georgia established the Soviet Socialist Republic, joined the Transcaucasian Soviet Socialist Federal Republic in March 1922, and joined the Soviet Union as a federal member at the end of the same year. In December 1936, Georgia was upgraded to a republic directly under the Soviet Union. Many important Soviet leaders, including Stalin, came from Georgia. Georgia was conquered in czarist Russia and subordinate in Soviet Union, but Georgians always have a lingering feeling of independence. Therefore, before the disintegration of the Soviet Union, Georgia issued a declaration of independence on November 4, 1990 and changed its name to "Republic of Georgia", and officially declared its independence on April 9, 1991. In order to erase the shadow of the past, the new constitution adopted by Georgia in August 1995 named the country "Georgia". After independence, Georgia actively approached the west.

　　Another big country’s gambling table.

　　There are also broader national factors that affect Russia-Georgia relations, that is, Georgia is actually a "gambling disk" for the game between western powers and Russia. Georgia is a small country, but geopolitics is very important. Western countries regard it as a base to squeeze and contain Russia’s strategic space from the south, while Russia, which has lost its traditional spheres of influence such as Central and Eastern Europe, the Balkans and the Baltic Sea, will certainly not easily let the wishful thinking of the West succeed. The great power struggle is reflected in Georgia, that is, the endless political struggle between pro-Russian and pro-Western factions. Behind the so-called "color revolution" in 2003 and the large-scale anti-government demonstrations in 2007, we can see the shadow of western countries and Russia. In order to squeeze out Russia, after two rounds of eastward expansion in 1997 and 2002, NATO began to brew a third round of eastward expansion this year. One of its main targets is Georgia, and nearly 73% of the people in Georgia want to join NATO. If Georgia and Ukraine join in again, NATO will push its forward position to the southwest and south of Russia, and form an encirclement trend in the southwest. Russia is deeply affected by the crisis, and its reaction is relatively strong, and it is considered as a "dangerous signal". Therefore, it not only shows its strength by resuming the routine combat duty flights of long-range strategic bombers over the Atlantic Ocean, the Arctic Ocean, the Pacific Ocean, the Black Sea and the Arctic region, but also threatens NATO and Georgia by increasing peacekeeping troops to Abkhazia and supporting the independence of South Ossetia. Now it seems that,Neither NATO nor Russia will give in, the game will continue, and Georgia’s relations with Russia will be even more difficult to get along with in the situation of internal and external troubles.

　　At present, it seems that it is difficult for Russia-Georgia relations to be fundamentally improved for a while, but it is unlikely that they will completely break down and all-out war will break out. Georgia has close economic ties with Russia, especially in the supply of basic energy such as electricity, oil and natural gas. Russia is now seeking to join the WTO, and Georgia is already a member of the organization. Russia can’t help but care. The situation in Transcaucasia is more complicated, and the relationship between major powers reflected here is also very complicated. For their own security and interests, Russia, western powers and Georgia will not act simply, and the disharmony between Russia and Georgia will continue.

Editor: Bo Du

Nantong FAW-Volkswagen CC price reduction news, a discount of 36,000! limited in number

[car home Nantong Preferential Promotion Channel] Recently, a large-scale preferential activity is being carried out in Nantong market, with the highest preferential amount reaching 36,000 yuan and the lowest starting price dropping to 188,900 yuan. This preferential activity provides consumers with a rare opportunity to buy a car. Consumers who are interested in buying FAW-Volkswagen CC may wish to click "Check the car price" in the quotation form to strive for higher discounts.

南通地区一汽-大众CC降价消息，优惠3.6万！数量有限

FAW-Volkswagen CC has attracted the attention of many consumers with its dynamic and elegant design. The front face adopts fashionable family-style design, the air intake grille is decorated with chrome, and with sharp LED headlights, it shows a strong visual impact. The overall body lines are smooth and dynamic, showing a luxurious and dynamic style.

南通地区一汽-大众CC降价消息，优惠3.6万！数量有限

The body size of FAW-Volkswagen CC is 4865mm*1870mm*1459mm, the wheelbase is 2841mm, the front tread is 1586mm and the rear tread is 1572 mm.. The body lines are smooth and dynamic. Equipped with 18-inch rims, tyre size is 245/45 R18, which shows the style of coexistence of sports and elegance.

南通地区一汽-大众CC降价消息，优惠3.6万！数量有限

The interior style of FAW-Volkswagen CC is simple and full of science and technology, showing high-end and fashion. The steering wheel is made of genuine leather, which is comfortable to hold. It also supports manual adjustment up and down and back and forth, so that the driver can adjust to the most comfortable position according to his own needs. The central control area is equipped with a 9.2-inch central control panel, and the operation interface is simple and intuitive, which supports the voice recognition control of multimedia system, navigation, telephone and air conditioner, greatly improving the driving pleasure and convenience. The seat material is made of leather /Alcantara, which not only has the comfort and durability of leather seat, but also adds Alcantara material, which increases the wrapping and friction of the seat and improves the driver’s experience. The front seats are also equipped with heating function, which provides comfort for cold weather. The rear seats support the proportional tilting, which increases the flexibility and practicability of the trunk.

南通地区一汽-大众CC降价消息，优惠3.6万！数量有限

FAW-Volkswagen CC is equipped with a 2.0T turbocharged engine with a maximum power of 137kW and a maximum torque of 320 N m. This engine provides a strong power output, and with a 7-speed wet dual-clutch gearbox, the vehicle can accelerate and shift gears more smoothly.

The owner of car home said that he had bought four hatchbacks, each of which he deeply liked, especially the appearance of hatchbacks. He mentioned that "I just like the appearance of the hatchback …", which not only expressed his love for design, but also reflected his unique views on FAW-Volkswagen CC.

More than half of Sushi Technology’s revenue comes from Xiaomi, and the supervision questioned the independence of related party transactions.

　　Author: Li Juan

　　After updating the information, many Xiaomi eco-chain enterprises continued their process of sprinting A-share listing.

　　It is a common practice for some listed companies to be deeply tied up with giants such as Xiaomi Group (01810.HK) in the industrial chain. Shenzhen Sushi Technology Co., Ltd. (hereinafter referred to as "Sushi Technology") is one of them. The sponsor is China Merchants Securities (600999.SH), which recently updated the financial data for 2021 and the reply to the regulatory inquiry letter.

　　Sushi Technology’s main products are small personal care appliances such as electric toothbrushes, and more than half of its income comes from Xiaomi Group. The first financial reporter found that there is a big difference in gross profit margin between self-owned brands and products supplied to Xiaomi Group, and how to maintain independence in the future is a problem. Before the issuance, Xiaomi Group held nearly 20% equity of Sushi Technology through its affiliated investment company.

　　More than half of the income comes from Xiaomi.

　　Xiaomi Group is not only the major shareholder of Sushi Technology, but also the largest customer.

　　Sushi Technology’s main business is the research, development, design, production and sales of small household appliances. Focusing on the head care scene, it has formed three product categories: oral care, hair care and hairdressing care. The products are divided into self-owned brand products and Xiaomi customized Mijia brand products, among which the most important oral care products mainly include electric toothbrushes, tooth flushers and peripheral products.

　　In the inquiry letter, the regulatory authorities raised such questions and asked Sushi Technology to make a reasonable explanation for related party transactions: "The actual controllers of Tianjin Jinmi and Shunwei Technology are both Lei Jun.. There are related purchases and related sales between the issuer and Xiaomi Group during the reporting period. " "Explain the issuer’s position in Xiaomi eco-chain enterprises, cooperation and competition with eco-chain enterprises; Whether the issuer’s sales to Xiaomi Group are relatively high is reasonable, and compared with comparable companies of the same type, it shows whether there is industry universality in this situation. "

　　The shareholding structure shows that Tianjin Jinmi and Shunwei Technology hold 10.90% and 8.57% of Sushi Technology respectively. Sushi Technology said that before the issuance, Xiaomi Group held 8.57% of the shares of the company through Tianjin Jinmi controlled by it, and director Chen Bo was the representative of Tianjin Jinmi on the board of directors; Xiaomi related Fang Shun holds 10.90% of the company’s shares for Technology. Tianjin Jinmi and Shunwei Technology’s investments in Sushi Technology are all equity investments with voting rights, but they have no control over the business decisions of Sushi Technology.

　　According to the disclosure data, from 2019 to 2021, the income realized by Sushi Technology through Xiaomi mode accounted for 59.39%, 59.82% and 55.56% of the main business income respectively.

　　According to Sushi Technology, the company is one of the Xiaomi eco-chain enterprises that focuses on protecting small household appliances. As a customized product supplier, it provides Mijia brand products such as Mijia electric toothbrush, Mijia tooth punch, Mijia electric razor, Mijia hair dryer and some self-owned brand products for Xiaomi Communication. Xiaomi Group is the largest customer of Sushi Technology. Xiaomi Communication (100% owned by Xiaomi Group) specifies the trademark, industrial design and packaging design scheme for Mijia brand products, and is responsible for the publicity and sales of Mijia brand products. Sushi Technology is responsible for the overall development and production of Mijia brand products, and is responsible for transporting them to the warehouse designated by Xiaomi Communication. The channels for Xiaomi Communication to sell Mijia brand products include Xiaomi Mall, Youpin and other Xiaomi’s own platforms, Xiaomi’s offline channels and third-party platforms.

　　Sushi Technology suggested in the prospectus that there is a certain degree of competition between the company’s own brand products and Xiaomi’s customized Mijia brand products. Xiaomi, as an independent market entity, can carry out competitive business with Sushi Technology by itself or through cooperation with other third parties.

　　In this regard, a sponsor representative analyzed to the First Financial Reporter that Xiaomi Group, as an H-share listed company, the interests of Sushi Technology may sometimes conflict with the interests of Xiaomi shareholders or their affiliates. However, the pricing and gross profit margin of sales to Xiaomi and other customers are inconsistent, which also lays a certain hidden danger for future management.

　　Gross profit margin varies greatly, how to maintain independence?

　　The gross profit margin of its own brand is quite different from that of products supplied to Xiaomi. How can Sushi Technology maintain its operational independence?

　　In the inquiry letter, the supervisor also asked the company to explain the reasons, necessity, average selling and purchasing price of related party Xiaomi Group during the reporting period, and whether the pricing of related party transactions is fair in combination with the price of selling and purchasing similar products to other independent third parties in the same period.

　　From 2019 to 2021, the gross profit margin of Mijia brand electric toothbrush was 17.04%, 13.67% and 15.60%.

　　Sushi Technology explained that the decline in gross profit margin in 2020 was caused by the increase in sales of products with lower gross profit margin and the increase in the proportion of sales revenue; In 2021, when the gross profit margin increased, the company implemented supplier cost reduction. By introducing new suppliers or negotiating prices with the original suppliers, the purchase prices of the two main sales models were reduced. In addition, the company adjusted its product strategy and gradually stopped selling a model product with low price and low gross profit margin, thus increasing the gross profit margin.

　　During the reporting period, the gross profit margin of Sushi brand electric toothbrush was 33.17%, 43.41% and 50.22%, which showed a steady upward trend and was much higher than that of Xiaomi brand.

　　Sushi Technology said that since 2019, the gross profit margin of the company’s own brand electric toothbrush has increased, mainly for two reasons: the introduction of smart electric toothbrushes with higher unit price and more functions and usage modes, the expansion of product sales scale, the decline of its average unit cost and the increase of gross profit margin. Through multi-brand strategy for differentiated competition, the positioning of different brand products is quite different, resulting in different gross profit margins of different brand products.

　　Regarding the inconsistency in pricing, Sushi Technology explained: Mijia brand products are positioned in the mass market, and the unit price is relatively low, and most Mijia brand products are sold through the sharing model; Sushi brand products mainly focus on fashion, high value, personalized design and function, focusing on the aesthetic preferences of young consumers, especially young female consumers. The appearance and positioning are different from Mijia brand products, and some products can be directly sold to end consumers, so the gross profit margin is higher than Mijia brand products.

　　In addition, the cooperative sales mode of Sushi Technology and Xiaomi Communication is mainly divided mode, and a small number of products are direct sales mode. Under the sharing mode, the settlement price between the company and Xiaomi Communication is the basic purchase price plus the sharing amount, and the sharing ratio is usually 30%-50% of the final sales profit, but there are differences between different products. Under this business model, part of the profit of Mijia products is enjoyed by Xiaomi Communication, resulting in a lower gross profit margin of the sharing model.

　　Referring to the comparison with Xiaomi’s eco-chain enterprises, Sushi Technology explained that the cooperation mode and benefit distribution mechanism between the company and Xiaomi are not significantly different from those of Roborock (688169.SH) and No.9 Company (689009.SH). Because the main products of Fun Sleep Technology are self-owned brand products, Xiaomi has few customized products, and its business model is different from that of typical Xiaomi eco-chain enterprises. Therefore, there is no significant difference between the sales model and profit distribution mechanism of the company and Xiaomi and the cooperation model of other enterprises in Xiaomi ecological chain, and the pricing is fair.

　　Recently, both Roborock and No.9 Company, which have been listed, have made great efforts to reduce their holdings.

　　In addition, Sushi Technology is expected to raise 775 million yuan, which will be used to promote four projects, including product upgrading, brand promotion and marketing upgrading, "R&D center construction" and "supplementary liquidity". Among them, the largest investment in the whole product upgrade project is nearly 300 million yuan, including the purchase of office buildings in Luohu, Shenzhen. The specific way is to build the company to raise funds related to newly acquired real estate. At present, the company has signed a purchase intention agreement with Shenzhen Guosu Real Estate Development Co., Ltd., and plans to subscribe for some floors of Guosu Century Building located at No.3029 Baoan South Road, Luohu District, Shenzhen, of which 2,864.4 square meters will be used for the construction of this project. However, the prospectus did not disclose the specific transaction price of the floor. Public information shows that the current office price in Luohu District of Shenzhen is about 30,000 yuan per square meter.

MG is crazy. How is the price-performance ratio of MG6？

Domestic cars have high cost performance, and high configuration is also a major feature of China brand cars, which makes domestic cars have the strength to compete with other cars in these aspects. Today, Xiaobian picked a car and introduced it to everyone. It is. Let’s get to know each other.

Let’s take a look at the appearance of the MG6 first. The front of the MG6 shows a unique design style, which is very recognizable with a three-piece air intake grille. At the same time, the headlights present a sharp design style and exquisite details. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4738 mm * 1848 mm * 1456 mm. The car uses full lines, and the side circumference gives people a very fashionable and generous feeling. With large-sized thick-walled tires, the shape is eye-catching. In terms of the rear end, the rear end looks very fashionable, and the taillight style is simple and generous, which is very individual.

Sitting in the car, the interior adopts a personalized design, which is consistent with the positioning of the car. The steering wheel of the car is very in line with the interior style, and it is made of Alcantara/ suede material, which has a good feel. Take a look at the central control. The car is decorated with a sharp touch-sensitive LCD central control screen, which makes the interior design quite layered and the details are still in place. Finally, let’s look at the dashboard and seats. The car is equipped with a sharp dashboard and the design is more domineering and stylish. The car uses a leather-like seat, which is wrapped in place and comfortable.

MG6 is matched with a wet dual clutch (DCT) gearbox, with a maximum power of 133KW and a maximum torque of 285N.m, and its power performance is good.

MG6 trunk is quite satisfactory in conventional space performance, and there is no problem in daily use. At the same time, the car is equipped with anti-lock braking (ABS), LED daytime running lights, brake assist (EBA/BAS, etc.), braking force distribution (EBD), traction control (ASR/TCS, etc.), main driving airbag, co-pilot airbag, side airbag curtain, front side airbag and other safety configurations.

This class of cars can often give consideration to both cost performance and practicality, and is often considered by most consumers as the first choice when buying a car. If you are concerned, you might as well experience it.

Made in Changsha! ＂Infrastructure Mad Devil＂ adds another weapon!

The domestic shield machine is new again!

On September 27th, the "Jinghua" extra-large diameter shield machine rolled off the assembly line in Changsha. This shield machine is 150 meters long, with a total weight of 4,300 tons and a maximum excavation diameter of 16.07 meters. This is the largest diameter shield machine developed in China so far, and it will participate in the reconstruction project of Beijing East Sixth Ring Road after leaving the factory.

The equipment was jointly developed by China Railway Construction Heavy Industry Group and China Railway 14th Bureau Group, and it was the first time that Chinese enterprises successfully realized the industrial manufacture of 16m-class super-large diameter shield machine. The reporter saw at the scene that the equipment was huge, like a steel giant lying workshop, with a height of more than 5 floors. The cutter head painting extracted visual elements from Peking Opera masks, and took the red masks representing loyalty, courage and righteousness in Peking Opera as the design prototype. The appearance was bright and eye-catching, highlighting the regional cultural characteristics of Beijing.

Many netizens saw it and called this Facebook "absolutely"!

In fact, the painting of Beijing Opera theme of "Jinghua" is not the first case.

China shield machine has excellent performance, and its "skin" is also very distinctive.

China exports Russian money ("Victory"):

China exports to India:

China exports French edition:

China exports to Sri Lanka:

In terms of color, there are blue ones:

Red:

Green:

Colored:

Behind every "new skin" is the story of China people’s struggle to break the blockade and monopoly.

Shield machine, also known as tunnel boring machine, was invented and used in foreign countries as early as 1825.

Due to the difficulty in manufacturing, the shield machine market has been occupied by Germany, the United States and Japan for a long time.

Developed countries monopolize technology and market, and buyers have no bargaining power.

"Spending money depends on your face", and China at that time was no exception.

In 1997, when China was building the Qinling Tunnel of Xikang Railway, the first tunneling equipment was introduced from Wilt Company of Germany.

When I bought two machines, that was 700 million.

It was 700 million yuan in the 1990s, and people’s attitude was like that: Love buy buy, don’t buy it.

Tan Shunhui of China Railway Engineering Equipment Group recalled this past event and said that at that time, the right to speak about the price was in the hands of foreigners. He said that the money was as much as he wanted. If you want to make any changes, you should add the price first.

Because foreign countries have occupied the highest point in technology, their arrogance of looking down at people is the most unacceptable and uncomfortable.

The "after-sales service" of foreign experts is also very expensive, with an hourly salary of 600 to 800 euros.

Besides, when to repair it depends on people’s work schedule and mood.

In this way, foreign experts have to set up a cordon to prevent China people from watching.

In 2001, the foreign side proposed that an old shield machine should be sold at the price of a new shield, and the accessories should be increased by 100%.

In their view, China people can’t make it themselves, and they will accept the harsh conditions.

Generations of China people are fighting in their hearts: "We must use our own equipment in the future."

No matter how hard and bitter it is, we must build our machine!

Starting from the design drawings, China began to explore his own shield machine under the background of inexperience.

Really, start from scratch.

Follow suit, the shape is there, but it is still far from "domestic".

Li Jianbin of China Railway Industry said: "If you really do it yourself, you will know how difficult it is to manufacture the key components."

For example, knives, how many knives are arranged? What is the height? What is the spacing between knives? What is the opening rate of the cutter head?

China people don’t know these things, so they have to start from scratch and conduct theoretical research.

In actual work, the machine may encounter granite and limestone; May face hard soil, soft soil, silt, silty clay … These all need different tools according to different geology to make the best design.

It took China nearly five years to figure out the problem of cutting tools.

Under such difficulty, China people just chewed this bone down.

In 2008, China’s first shield machine with independent intellectual property rights was successfully rolled off the assembly line.

In 2013, the "Big Brother" German Wilt Company was acquired by China Railway Equipment.

Nowadays, the domestic shield machine has broken the monopoly of foreign technology and market, and lowered the price of similar products by 40%.

Domestic shield machines have also reached the top in many fields, with innovations: the world’s first horseshoe shield, the world’s largest rectangular shield, the world’s first inclined shaft dual-mode TBM, and the world’s first permanent magnet motor-driven shield machine …

Being "stuck in the neck" Sorry, now it’s: "No one has me, and everyone has me."

Not only the technology is good, but also many styles, large output and low price.

"There is a Shenzhou in the sky, a dragon in the sea, and a shield in the ground", and "a great country’s weapon" is both a starting point and a monument.

Like for Hunan manufacturing!

(Source: Economic Daily Editor: Yan Xin Trainee Editor: Jiang Xiaojing)

Jietu finally showed its trump card, and the 2.0T power was smooth and fuel-efficient.

When young people buy a car, they often consider many factors. In addition to the high value, the configuration and control can not be less, and the price should be within their tolerance. For example, this car is often mentioned as a space problem. Now let’s follow Xiaobian to see what it has done.

Let’s take a look at the appearance of Jetway travelers first. The whole front of Jetway travelers is relatively simple and looks very sporty. Headlights are very in line with the aesthetics of consumers and are very eye-catching. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4782 mm * 2036 mm * 1960 mm. The car adopts fashionable lines, and the side wall looks very sporty. With large-sized thick-walled tires, the shape is eye-catching. In the design of the rear end, the rear end looks simple, the taillights look elegant, and with the unique exhaust pipe, the whole looks very simple and generous.

Sitting in the car, the interior of Jetway Traveler enhances the visual sense of fashion and generosity, which is consistent with the positioning of the car. The steering wheel of the car is very in line with the interior style, and it is equipped with the functions of manual steering wheel up and down+front and rear adjustment, steering wheel heating, etc., which gives a very good grip experience. Take a look at the central control, which is decorated with a 15.6-inch central control screen, which makes the interior design quite layered and looks very unique. Let’s take a look at the dashboard and seats again. The car is equipped with a lovely dashboard and the design is relatively simple. The car uses a leather-like seat, which is wide and thick, and the overall ride feels soft and comfortable.

Jietu Voyager is matched with a wet dual clutch (DCT) gearbox, with a maximum power of 187KW and a maximum torque of 390N.m, and its power performance is good.

The car is equipped with car networking, driving mode selection, remote control key, Bluetooth key, rear wiper, interior atmosphere light and other configurations, which greatly improves the convenience of using the car.

This car has been introduced almost before, and I believe many users who buy a car have taken a fancy to its comfort and practicality. If you like it, you might as well learn more about it.

In 2007, the top ten cases of the special campaign against online infringement and piracy were announced.

　　　　On January 17th, 2008, a press conference was held at 10 am. Yan Xiaohong, deputy director of the General Administration of Press and Publication and deputy director of the National Copyright Administration, and relevant leaders of the Ministry of Public Security and the Ministry of Information Industry were invited to introduce the "Special Action against Internet Infringement and Piracy" and answer questions from reporters.

Press conference site China Net Rui Wang photo

　　　　At the press conference, the General Administration of Press and Publication and the National Copyright Administration announced the top ten cases of the special action against online infringement and piracy in 2007:

　　　　First, the infringement case of Jin Interactive Company

　　　　Since 2000, Yang Construction Committee and others have used the names of "Beijing Golden Interactive Network Technology Co., Ltd." and "Beijing Golden Interactive Technology Co., Ltd." to illegally copy and distribute other people’s copyrighted films for a long time by means of false authorization. After investigation and verification, the above-mentioned companies have authorized more than 1,000 film works without the permission of the right holders, and the illegal business amount exceeds 10 million yuan. The amount of illegal income is huge, which has caused adverse effects at home and abroad and has been suspected of constituting a crime of copyright infringement. At present, the Economic Investigation Department of Beijing Public Security Bureau has finished the investigation, and three suspects, including Yang Construction Committee, have been criminally detained according to law, and the case is under further investigation.

　　　　Second, the case of Lai Hui’s private service

　　　　On January 17th, 2007, Jilin Copyright Bureau received a report from Shanghai Shanda Company, claiming that the online game "Legend 2" operated by its company was copied by others and operated online, which infringed the company’s copyright. Jilin Copyright Bureau quickly set up a task force to investigate according to some clues provided by Shanghai Shanda Company. After investigation, the server is located in IDC room of Jilin Netcom Company. According to Jilin Netcom Company, these servers are managed by meihekou city Pengbo Network Technology Development Co., Ltd. (the servers are provided by meihekou city Pengbo Network Technology Development Co., Ltd. and placed in Netcom Company for management) and rented (the servers are owned by Netcom Company and leased to meihekou city Pengbo Network Technology Development Co., Ltd.). After further learning from meihekou city Pengbo Network Technology Development Co., Ltd., we know that these servers are rented by a man named Laihui from xushui county, Hebei Province. After preliminary investigation, the task force decided to transfer the case to the public security organ for handling. Detectives from the Network Supervision Department of Jilin Public Security Bureau rushed to xushui county, Hebei Province, and arrested the suspect, Kuaihui, and seized 10 bank cards on the spot for operating online games. After the trial, Miao Hui confessed all the criminal facts: in January 2006, Miao bought the "Legend 2" game version of Shanda from others online. In June 2006, Miao contacted meihekou city Pengbo Network Technology Development Co., Ltd. from the Internet, and through this company, he hosted and rented a number of servers in Jilin City and began to operate "Legend 2".Online games are profitable by selling virtual equipment in the game, and the price of each set of equipment ranges from 50 to 100 yuan. By January, 2007, I had hosted 8 servers and rented 32 servers in Jilin Netcom Company, purchased the online game version of "Legend 2" from Shanda Company for four times, and operated 40 online games of "Legend 2" with a business amount of 500,000 yuan. The case has been tried by the court in chuanying, Jilin, and on July 25th, 2007, he was sentenced to two years’ imprisonment, suspended for two years and fined 100,000 yuan for copyright infringement.

　　　　Third, the infringement case of Jining Information Port

　　　　In the special campaign to crack down on internet infringement and piracy, the Press and Publication Bureau of the Central District of Jining City, Shandong Province made a key inspection of the local influential portals, and found that there were hundreds of Chinese and foreign movies on the web page of Jining Information Port website Jining Information Port II New Vision Theater Broadband Jining Station in China for netizens to download and watch for free and broadcast local advertisements in these movies without authorization, and immediately made a case report to Jining Copyright Bureau. On September 7th, 2007, Jining Copyright Bureau and Jining Central District Press and Publication Bureau jointly inspected the website. After investigation, it was found that 11 films such as "Wulin Outward Journey" and "Serial Bureau" played on the website were in cooperation with an online company. Although the copyright owner authorized the online communication, the authorization period was exceeded, and 45 films such as "Acacia Disaster" were uploaded by netizens without the authorization of the copyright owner. The Press and Publication Bureau of the Central District of Jining City believes that 56 films such as "Wulin Waizhuan" broadcast on this website use works without the permission of the copyright owner or beyond the authorized period, which infringes the rights and interests of the copyright owner. According to the relevant regulations, the case of illegal dissemination of films on Jining Information Port website is ordered to stop the infringement, and an administrative penalty of 50,000 yuan is imposed.

　　　　Iv. Giate Film Network Infringement Case

　　　　In the first ten days of August, 2007, the press and publication management office of Shouguang City, Weifang City, Shandong Province, investigated and dealt with the film works provided to the public by the Jiyate film website of Shouguang City without authorization according to the report of Beijing Netshang Culture Communication Co., Ltd. Under the notarization of Shouguang Notary Office, we used the film card sold by Giate Film Website to log on to Giate Film Website, and preserved the evidence of 10 unauthorized films such as drive of life, Fate Comes from Organic, Qin Xun Ji and Shi Nai Corps. After more than half a month’s preliminary investigation and evidence collection, I found that the facts were clear and the evidence was conclusive, that is, I contacted the network supervision brigade of Shouguang Public Security Bureau to communicate the case and find the Giate film website. After investigation, the Giate film website was launched in October 2006, and it was only filed on ICP. From the beginning of operation to being investigated, 15 movie cards were sold, and about 1200 computers in 14 Internet cafes used the movies of this website. The website has 5 servers (purchased by the parties themselves), which are hosted in Qingzhou and Weifang respectively, and all of them have been seized. Shouguang Press and Publication Management Office imposed an administrative penalty of confiscating 5 servers and fined RMB 30,000.

　　　　V. jiujiu Music Network

　　　　In August, 2007, after the Jingmen Copyright Bureau of Hubei Province received the notice of investigating and handling the case from the Provincial Copyright Bureau, law enforcement officers conducted a long-distance investigation and evidence collection on "jiujiu Music Network", and initially grasped the relevant information and evidence of the case. On the afternoon of August 21st, with the cooperation of the Network Supervision Detachment of the Municipal Public Security Bureau and the Information Industry Bureau, the law enforcement officers of the Bureau registered and preserved the evidence of three infringing servers in the home of the person involved, Bai Zhengfu, and seized them to the Municipal Bureau. The "jiujiu Music Network" was closed. After investigation, Bai Zhengfu, male, 34 years old, with high school education, worked as a computer technology professional in Jingmen Computer City from 2000 to 2005, and founded jiujiu Music Website in March 2006. The website has 3 servers with a space of 1200G, and there are 170,000 music works, all of which were downloaded from the Internet privately. About 90% of these music works were not authorized by the copyright owner, and about 10% were sent to the website by the record company for publicity purposes. According to the investigation, the profit-making mode of the website is: mobile phone users pay mobile and Unicom companies when downloading music works, and mobile and Unicom companies pay the website according to the actual clicks, and the actual profit is 500 to 800 RMB per month. According to the relevant provisions of the Copyright Law of People’s Republic of China (PRC) and the Regulations on the Protection of Information Network Communication Rights, Jingmen Copyright Bureau imposed an administrative penalty of confiscating three infringing servers and fined 20,000 yuan.

标签归档西安品茶上课

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More than half of Sushi Technology’s revenue comes from Xiaomi, and the supervision questioned the independence of related party transactions.

MG is crazy. How is the price-performance ratio of MG6？

Made in Changsha! ＂Infrastructure Mad Devil＂ adds another weapon!

Jietu finally showed its trump card, and the 2.0T power was smooth and fuel-efficient.

In 2007, the top ten cases of the special campaign against online infringement and piracy were announced.

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