The more "flash collapse", the more anxious it is for netizens! How can I buy this car when I have made up my mind? It’s definitely jumping into the pit. The urgent price that hasn’t been set has jumped to this level. Do you want to get on the bus? Who would have thought that a car company could be dissolved after a meeting? There are many ways for car companies to storm thunder, only you can’t think of it. It is one thing for car companies to be troubled. As ordinary people, I believe everyone is more concerned about whether this will "bargain-hunting". I have been engaged in the automobile industry for more than 10 years. Based on my experience, I will help you analyze. Can you buy it at half price or even 40% discount?

Simply considering the price/performance ratio, is the 40% discount more likely to be missed?

First of all, stores all over the country no longer accept new car orders, and now they are still open for delivery, so now we can only start from the used car market if we want to bargain-hunting.

At present, many car owners have hung up their quasi-new pole in a fish or some forums. For example, a car with an original price of 249,000 hangs 140,000, which is close to 50% off.

Then we also consulted some familiar second-hand car dealers. At present, only a few car dealers are willing to accept such brand models that are on the verge of bankruptcy. Even if there are, they will basically accept cars at a 50% discount. For example, a 230,000-year-old quasi-new car will cost 110,000-120,000, and if it is one year old, it will go to around 100,000, which is almost 40% off. Combined with the owner’s quotation, you can really buy a new or even quasi-new Extreme Yue at a discount of four to five.

So is this price fragrant? For example, buying a quasi-new Extreme Yue 07 for about 120,000 yuan is really a mistake from the price point of view. Take a look at the new cars with the same budget of 120,000 yuan, such as MONA M03 and Ai ‘an RT in Tucki, which are all compact, with motor power of about 160kW and battery life of 500-650km (CLTC), and the long battery life version with 100-degree Kirin battery went to 880km(CLTC).

The Extreme Yue 07 can be regarded as an extreme krypton 007 with Baidu interactive and intelligent driving as its core. Compared with M03 and Ai ‘an RT, the three electric systems, chassis specifications and configuration standards are all at the same level.

In other words, if you buy a second-hand Polar Yue now, whether it’s 01 or 07, the mechanical quality alone is equivalent to crushing 100,000-class MONA M03 and Ai ‘an RT with a fracture price of 45% for Polar Krypton 001 and Polar Krypton 007. That car experience is really different.

Unexpectedly, the gold content of Xia Yiping’s phrase "the king of endurance and cost performance" is still rising.

Moreover, in these two days, the after-sales service of Jiyue Automobile has been confirmed to be fully accepted by Geely Link, and the information released by Yang Xueliang, senior vice president of Geely Holding Group, in Weibo also indirectly confirmed this news. He said that since the ultra-yue car is manufactured by Geely, Geely will naturally be responsible for the after-sales service of hardware.

Extremely, at least there is a hard father at the bottom, which is better than Weimar, Gaohe and Hengchi.

But with Geely Baidu at the bottom, does it mean that there is a chance to turn over in the back? Now you can get one at the bottom? Let’s stop. At present, the risk of subsequent use of the ultra-Vietnamese car is still very high.

Intelligent selling point may become a pain point!

The first is software services. There is also a video streaming out these days. An extreme engineer reminds car owners that some smart driving and networking functions may not be used in the future, emphasizing the need to keep NFC cards, UWB keys, and don’t uninstall brand APPs, so as to avoid the failure of mobile phone keys after the app stops maintenance.

This is the most painful point for car owners after the collapse of Internet car brands. Even if the car system fails, such as black screen, crash, etc., basic functions such as map navigation, air conditioning adjustment, volume adjustment, seat ventilation and heating will not be used, even the traditional old fuel car can not be compared.

To make matters worse, China Mobile said that it would stop the internet as long as it was in arrears. As for OTA, let alone think about it.

Repairing cars is expensive, premiums are rising, and follow-up costs are not low.

The other is the problem of spare parts. Although Geely took over the after-sales service, some unique spare parts may be more expensive in the absence of continuous mass production, which can be understood as the difference between retail price and wholesale price. And the expensive repair of the car will naturally affect the renewal of commercial insurance, and the premium is more expensive, and it is possible to refuse insurance.

The last one is the problem of changing cars in the future. There is a high probability that the first-generation car owners will experience the dilemma again, either selling at a low price or smashing their hands.

It is also budgeted to buy a new MONA M03 car and replace it with a new one in three years. According to the current three-year residual value of about 46% of new energy vehicles, it is normal to lose 70,000-80,000 yuan. However, after more than 100,000 bargain-hunters have been used for three years, it is a high probability event to sell 20,000-30,000 yuan, that is, a loss of 100,000-10,000 yuan. This account is not worth it unless you are prepared to open it for ten or eight years.

To sum up, at present, it costs about 100,000 yuan to buy a 200,000-class Sandian, a car machine and a smart driver who may become "mentally retarded", the subsequent maintenance premium is not cheap, and there is a high probability that the "buyout system" is rotten in the hands of the quasi-bankruptcy. Do you think these factors add up to be worth this 45% discount? Talk in the comments section.

[CNMO Technology News] On November 18th, Huawei officially announced that it would hold the Huawei Mate brand ceremony at 14: 30 on November 26th. It is widely speculated that Huawei will officially release Huawei Mate 70 series, Huawei Mate X6 dual folding screen mobile phone and Zhijie new S7 electric car at this event. CNMO noted that the new products that Huawei will release on the 26th may be far more than the above models.

On November 18th, Bruce Lee, Huawei terminal BG CTO, issued a document to warm up Huawei Mate brand ceremony. According to the platform information, the device used by Bruce Lee is a "HarmonyOS device to be released soon". It is worth noting that this "HarmonyOS device to be released soon" is probably not Huawei Mate 70 series, because when Yu Chengdong, managing director of Huawei, and He Gang, CEO of Huawei Terminal BG, issued a document to warm up, the small tail of the model was "HUAWEI Mate 70 Pro+".

It is worth mentioning that not long ago, a source revealed that Huawei’s pure blood HarmonyOS tablet is coming, and pure blood HarmonyOS PC is also on its way. Therefore, Huawei may release a brand-new pure blood HarmonyOS tablet at the 26th event, but it has not been officially announced yet.

CNMO understands that whether it is Huawei Mate 70 series or Huawei Mate X6 dual folding screen mobile phone, they may bring a lot of new designs and technologies and become the strongest Mate in Huawei!

In appearance, the domestic new model continues the overseas model design, and the overall shape is basically the same as that of the old model. The front face of the new car is equipped with a kidney-shaped air intake grille, and the interior is decorated with chrome plating, and double L-shaped daytime running lights are used. The shape of the car side is slender, and multi-spoke aluminum alloy wheels are selected. The rear of the car has been redesigned, and the exhaust is a bilateral single-outlet layout, and the overall design of the rear of the car is more full.

The interior of the new car is still family-style, the suspended central control panel is square, three-position and drumstick shift levers are equipped, the shift lever of the new car is quite thick, and it is also equipped with a new generation of BMW idrive7.0 system, and some details in the car are decorated with silver trim strips.

The length, width and height are 4838×1827×1454mm respectively, and the wheelbase has reached 2961 mm. In the same class, the wheelbase of BMW 3 Series ranks first. One bright spot is that its width reaches 1827mm, which reflects that the lateral space inside the car is not bad. The design of skylight also increases the subjective space feeling of front and rear passengers. Among the models of the same price and class, the trunk volume of BMW 3 Series ranks 12th. It can basically meet the luggage space for family travel. But there is no extra hidden storage space.

The BMW 3 Series is equipped with a combination of 2.0 turbocharged engine (direct injection) and automatic manual (AT). The power performance of the 2.0 engine on the BMW 3 Series is quite satisfactory, and the low torque is weak and the hysteresis can be felt. The official measured acceleration of BMW 3 Series is 6.3S, ranking 6th among 250,000-400,000 medium-sized car models.

The active/passive safety configuration of BMW 3 Series is complete, includingAutomatic parking、Zero tire pressure endurance tire、Automatic parking、Steep slope descent、hill start assist control、knee airbag、HUD head-up display、Anti-lock braking (ABS)、Braking force distribution (EBD/CBC, etc.)、Brake assist (EBA/BAS, etc.)、Traction control (ASR/TCS, etc.)、Active noise reduction、Engine start and stop、Side safety air curtain、Wireless charging of mobile phone、night vision system、LED daytime running lights、Forward reversing radar、Tire pressure monitoring、Steering wheel heating、Body stability control (ESP/DSC, etc.)、Rear reversing radar、Fatigue reminder、Remote parking、Child seat interface、Lane keeping (LKAS)Equal configuration.

Among them,Automatic parkingYou can avoid stepping on the brakes for a long time or needing to pull frequently;Steep slope descentCan safely pass through steep slope road conditions at low speed;knee airbagReduce the injury of the car interior to the occupant’s knees in the secondary collision.

In addition to the above description, we can also go to the Easy Car Forum to browse more real car feedback from actual buyers, or use our experience.

Can I buy a new energy vehicle with a battery life of more than 500km with a budget of about 100 thousand? The answer is yes. At present, its SUV has launched a 401km flagship version with a guide price of 89,800 yuan and a 510km flagship version with a guide price of 98,800 yuan. You can buy a pure electric SUV with a battery life of 500km for less than 100,000 yuan. Let me take you to understand this SUV and see how its products perform.

First of all, in terms of appearance design, Wuling Bingo SUV caters to the aesthetics of young people, and adopts the aesthetic design of controlling wind energy in modeling. The appearance of the vehicle reduces wind resistance while making the vehicle look more sporty. In addition, sharper body lines are matched with closed grille and L-shaped headlights, and the design of large-angle windshield, wind-blade front air curtain, aluminum alloy wind-breaking wheel hub, anti-upturned tail and suspended collision roof is added.

Wuling Binguo SUV has also made great efforts in the interior design of the most frequently contacted vehicles. In the car, the Wuling Bingo SUV adopts a large area of soft fabric, and the suede-covered seat is designed to fit the human body curve. The Wuling Bingo SUV provides a very comfortable ride experience while creating a soft touch in the car. The car is also equipped with a 6-way adjustable main driver seat, an 8.8-inch dashboard and a 10.1-inch central control display screen. The simple but not simple interior design can not only meet the user’s ride comfort, but also improve the design sense in the car.

On the other hand, the cockpit of Wuling Bingo SUV can provide users with plenty of space. Let’s take a look at its body size first. The length, width and height of Wuling Binguo SUV are 4090/1720/1575mm and the wheelbase is 2610mm, respectively. The lateral space utilization rate of Wuling Binguo SUV is as high as 78.4%, and it can provide a space with a length of 912mm between two rows of seats to ensure the user’s riding experience. The Wuling Binguo SUV has 23 storage spaces in the car, and the trunk space can reach up to 1450L, which can easily meet the various cargo needs of users.

In terms of power, Wuling Binguo SUV uses a 75kW three-in-one water-cooled flat wire motor with a peak value of 180N?m, which has abundant power output, and can also switch between three driving modes: economy, comfort and sport at will. Users can choose according to their personal travel situation. Under normal circumstances, it is no problem to choose the standard mode for daily travel. In addition, Wuling Bingo SUV is also equipped with Ling OS car system, which has rich software functions and supports language control, and can provide users with a good driving experience during driving.

In terms of battery life, Wuling Bingo SUV uses a high-capacity battery with a capacity of 50.6kWh, and the maximum cruising range can reach 510km. In addition, Wuling Bingo SUV is equipped with an efficient and intelligent thermal management system and intelligent energy management, and the battery life of 1 kilowatt hour can reach 10.1-10.6km. Combined with the fast charging function of 30%-80%, it can not only meet long-distance travel, but also be fearless of long-distance travel. The cost of Wuling Binguo SUV is very low, and the cost of 100 kilometers is less than that of 6 yuan, which makes users say goodbye to car anxiety.

This year’s market is really rolling, but looking at the new energy vehicles within 100,000, it’s really rare to see a car with a battery life of more than 500km, such as Wuling Bingo SUV. Besides, Wuling Bingo SUV has a good performance in appearance, interior, space, battery life and safety. If you are preparing to start a cost-effective pure electric SUV, you may wish to consider Wuling Bingo SUV, and I believe its product performance will not let you down.

[car home Heyuan Preferential Promotion Channel] Recently, a wave of large-scale preferential promotions has been ushered in Heyuan City, with the highest preferential amount reaching 117,800 yuan and the lowest starting price of only 352,100 yuan. If you are interested in BMW i4, you may wish to click "Check the car price" in the quotation form below to get a higher discount.

The exterior design of the BMW i4 is full of modernity and dynamic, and the front face adopts the iconic kidney-shaped air intake grille design. However, unlike the traditional models, the i4 grille adopts a closed design, which further demonstrates its electric identity. On both sides of the grille are sharp LED headlight groups, which are integrated with the grille to enhance the overall visual effect of the front face. The body lines are smooth, and the waistline extends from the front wheel arch to the rear of the car, creating a dynamic body contour. In the rear part, BMW i4 adopts a simple design language, and the LED taillights are unique in shape, echoing the headlights, and the overall style is full of sense of technology and futurity.

With its length of 4785mm, width of 1852mm and height of 1455mm, BMW i4 presents a compact and dynamic body posture. The wheelbase reaches 2856mm, which ensures the comfort of the interior space and the stability of dynamic driving. The side lines of the car are smooth and full of strength. With 18-inch rims, the front wheel specifications are 245/45 R18 and the rear wheel specifications are 255/45 R18, which not only improves the grip, but also gives the car a stronger sporty atmosphere.

The interior design of BMW i4 is full of modern and technological sense. The 14.9-inch display on the center console integrates multimedia system, navigation and voice control system, which is convenient for drivers and passengers to operate. The steering wheel made of leather not only feels comfortable, but also supports manual adjustment up and down and back and forth to meet the needs of different drivers. The front seats are made of imitation leather, genuine leather or fabric/suede materials, which have heating function. The front and rear seats, backrest adjustment, height adjustment (4-way), leg rest adjustment and lumbar support (4-way) all support excellent riding experience for drivers and passengers. In addition, the car is also equipped with mobile phone wireless charging function and multiple USB/Type-C interfaces to facilitate passenger charging and data transmission.

BMW i4 is equipped with a powerful motor, with a maximum power of 250kW and a maximum torque of 430N·m, which provides excellent dynamic performance and acceleration performance for the vehicle.

Car home car owners spoke highly of the BMW i4, saying that it has excellent sound insulation effect, abundant power, and its design is as magnificent as a king. Especially the volcanic red interior, he thinks it is not inferior to the interior of Mercedes-Benz.

　　[car home New Car Listed] On August 20th, the 400,000th complete car of Euler, the Good Cat Honorable Model, slowly rolled off the production line at Taizhou Smart Factory of Great Wall Motor. At the same time, the 2023 Good Cat/Good Cat GT Honorable Model was officially listed.the formerThe price range is 149,800-165,800 yuan, and the latter is 153,800 yuan.Both models are products created by Euler and users, which have improved speed-up, climbing ability and quietness. The official will provide limited-time cash discount of 20,000 yuan for car buyers. At the same time, users who buy the honorable cat will enjoy the V2L external discharge function worth 2,999 yuan free of charge, and users who buy the honorable cat GT Mulan version will enjoy a 50% discount on the optional package of intelligent assisted driving. Please see the following table for the detailed model price:

"Euler’s 400,000th vehicle rolled off the assembly line"

　　The Euler brand was founded in 2018, and the 400,000th vehicle rolled off the assembly line in five years. At present, the repurchase rate of Euler users exceeds 26%, the referral rate exceeds 31%, and female users account for 75%. In the era of brand 2.0, Euler has strengthened her determination and confidence to deeply cultivate women’s car tracks, and will also give women "true love", including "brand upgrade" from China Euler to the world Euler, "technology upgrade" from cost performance to warm technology, "service upgrade" from platform system to exclusive system, and "user upgrade" from young girls to big women. Euler has built a 1080-degree women’s safety architecture around women’s needs-"warm technology", that is, 360 basic safety+360 intelligent safety+360 health safety.

　　In addition to the newly listed models, all models of Euler have certain limited-time cash discounts and gift packages during August 1 -31, 2023. Among them, the 2023 Good Cat and Good Cat GT have a cash discount of 22,000 yuan, and the lightning cat has a maximum discount of 42,700 yuan. The 2023 Euler Ballet Cat provides users with basic traffic free for life, entertainment traffic free for 2 years, three-power lifetime warranty (the first individual non-operating car owner), and vehicle warranty for 4 years or 150,000 kilometers.

● New car features

　　(|) The retro futuristic design concept is adopted, and the rounded lines on the front face are matched with oval light groups and three-stage air intakes, which looks very exquisite. At the same time, the raised ribs on the front hatch cover also appropriately enhance the sporty atmosphere of this car. From the side of the car body, the front fender of the car is equipped with a charging socket, and the shape of the front and rear fenders also uses some wide-body designs. In terms of the tail, the unique taillight shape and license plate area shape of the car enrich its visual layering at the tail.

　　As for the interior, Good Cat is designed with a hood and equipped with a 7-inch instrument. The 10.25-inch central control touch LCD screen supports CarPlay and Hicar mobile phone interconnection mapping, and has the functions of voice recognition system, 4G/5G network, Wi-Fi hotspot and so on, and supports OTA upgrade. Stylish through air conditioning air outlet and dual-spoke multi-function steering wheel make this car look more exquisite.

　　In terms of configuration, tire pressure monitoring, single pedal mode, automatic parking, uphill assistance, 360-degree panoramic image, rear parking radar, keyless start and entry, remote start, Bluetooth key, and rain-sensing wiper are all standard.

　　In terms of power, Good Cat is equipped with a permanent magnet/synchronous motor with a maximum power of 143 HP (105kW) and a peak torque of 210 Nm. The battery pack has various specifications including Guoxuan Hi-Tech and Honeycomb Energy, Ferrous lithium phosphate and ternary lithium battery, etc. The cruising range of CLTC is divided into 401km and 501km. Fast charging takes 30 minutes to charge the battery from 30% to 80%, and slow charging takes 8 hours to fully charge.

　　At the Shanghai Auto Show, the 2023 Euler Good Cat GT Mulan Edition was officially launched, and the appearance was equipped with a round headlight group. The cute design style can win the favor of many female users.

　　The interior adopts 7-inch full LCD instrument panel +10.25-inch central control panel, which supports voice interaction, multimedia entertainment and even Tik Tok and iQiyi. In addition, the car also supports OTA vehicle remote upgrade service and mobile App remote car control, in which remote car control can realize electronic fence, intelligent car search and other functions.

　　In terms of configuration, tire pressure monitoring, single pedal mode, automatic parking, uphill assistance, 360-degree panoramic image, rear parking radar, cruise control, keyless start and entry, remote start, Bluetooth key, rain-sensing wiper and external discharge are all standard.

　　In terms of power, Good Cat GT is equipped with a motor with a maximum power of 135 kW and a maximum torque of 250 Nm. It is equipped with a 47.8kWh lithium iron phosphate battery with a cruising range of 401km. In terms of charging, the slow charging time of the car is 8 hours, and the fast charging (the power is from 30% to 80%) takes 30 minutes.

● Edit Comment:

　　In recent years, Euler has continuously deepened the female user market and formed a "cat family" product matrix. From a cute little cat to a retro ballet cat and a coupe-style lightning cat, Euler meets the different preferences of female users with diversified layout and adheres to the differentiated brand route. The good cat honor model listed tonight is a work with both cost performance and face value based on market demand, which will continue to satisfy users and help the sales of the good cat family to further increase. (Text/car home zhang xiaodan)

　　[Nineteenth Global Hot Review]

　　■ Russia

　　Moscow, October 18th (Reporter Wang Jiabo)Russian mainstream media paid close attention to the report made by the Supreme Leader in The 19th National Congress of the Communist Party of China on the 18th, and adopted such striking headlines as Supreme Leader: the 19th National Congress of the Communist Party of China is an important congress for Socialism with Chinese characteristics to enter a new era, Supreme Leader: China calls on people of all countries to work together to build a community of human destiny, Supreme Leader: China will never seek hegemony no matter how developed it is, Supreme Leader: China will not give up the policy of opening to the outside world, and Supreme Leader: China People’s Army will be built into a world-class army in the middle of this century.

　　Sputnik news agency & radio reported that when the Supreme Leader made a report in The 19th National Congress of the Communist Party of China, he said that China called on people of all countries to make concerted efforts to build a community of human destiny. The Supreme Leader stated that China will hold high the banner of peace, development, cooperation and win-win, abide by the foreign policy purpose of safeguarding world peace and promoting common development, unswervingly develop friendly cooperation with other countries on the basis of the Five Principles of Peaceful Coexistence, and promote the construction of a new type of international relations featuring mutual respect, fairness, justice and win-win cooperation.

　　According to the report, the supreme leader also stressed the need to build a world of lasting peace, universal security, common prosperity, openness, tolerance, cleanliness and beauty. We should respect each other and negotiate on an equal footing, resolutely abandon the cold war mentality and power politics, and take a new path of state-to-state exchanges of dialogue without confrontation and partnership without alliance. We should persist in resolving disputes through dialogue, resolve differences through consultation, make overall plans to deal with traditional and non-traditional security threats and oppose all forms of terrorism. We should help each other in the same boat, promote the liberalization and facilitation of trade and investment, and promote economic globalization in a more open, inclusive, inclusive, balanced and win-win direction. We should respect the diversity of world civilizations, transcend the barriers between civilizations, learn from each other, and coexist with each other. We should adhere to environmental friendliness, cooperate to cope with climate change, and protect the earth’s homeland on which human beings depend.

　　■ USA

　　Newspaper, Washington, October 17th (Reporter Tang Xianying)The 19th National Congress of the Communist Party of China attracted the attention of American media, and various mainstream media reported it in various forms.

　　On the 17th, CNN published an article entitled "What do you need to know about the 19th National Congress of the Communist Party of China". The article gives readers a detailed introduction to the organizational structure of the Communist Party of China (CPC), the number of delegates attending the 19th National Congress, the number of party member in China and the tasks held at the 19th National Congress. According to the article, China’s "international status has achieved unprecedented promotion". The article further points out that the 19th National Congress will draw up a blueprint for China’s future participation in the world process, and China’s influence in the world today is more than ever before.

　　Washington post, published on 17th, reported in A10 that the 19th National Congress of the Communist Party of China would be held soon. The newspaper published a poster of the Chairman of the Supreme Leader waving and smiling with the slogan "Chinese Dream, People’s Dream" printed on it.

　　In an article published on 17th about the 19th National Congress of the Communist Party of China, USA-Today, the mainstream media in the United States, quoted Elizabeth Konomi, director of the Asia Program of the Council on Foreign Relations, an American think tank, as saying that the Chairman of the Supreme Leader has put forward many initiatives, and now it is necessary to implement them properly. The article said that in the past five years, China’s economic growth has been accompanied by the improvement of people’s living standards; Strengthened influence in international affairs; Promote popular anti-corruption actions; By seeking consensus on trade and currency issues, relations with the United States have been improved. Finally, the article points out that ordinary people in China are full of expectations for the Supreme Leader Chairman to continue to lead China, and China will surely develop steadily and better.

　　■ Serbia

　　Newspaper, Belgrade, October 18th, by reporter Jiazheng ZhaoThe mainstream media in Balkan countries concentrated on the opening of the 19th National Congress and the report of the supreme leader at the opening ceremony in a prominent position today.

　　Serbia’s Nantong News Agency posted a live video of the opening ceremony of the 19th National Congress on its website, and distributed detailed graphic reports, saying that the Chinese nation has ushered in a great leap from standing up, getting rich and becoming strong. The Chinese nation will stand among the nations of the world with a more high-spirited attitude.

　　Serbian Beta News Agency focused on the report on China’s continued openness, saying that China leaders stressed that the door to China’s opening will not be closed, but will only grow wider. It is necessary to focus on the construction of the "Belt and Road", adhere to the principle of paying equal attention to bringing in and going out, follow the principle of joint construction and sharing, strengthen open cooperation in innovation capabilities, and form an open pattern of linkage between land and sea and mutual assistance between East and West. This provides a guarantee for foreign investors to continue to expand their investment in China.

　　■ Philippines

　　Newspaper, Manila, October 18th (Reporter Zhao Zhongwen)On the 18th, the opening of the 19th National Congress of the Communist Party of China attracted much attention from the Chinese community in the Philippines. World Journal, Business Daily and two other English-language media, the main media of Filipino Chinese society, sent reporters to Beijing to cover the opening ceremony of the 19th National Congress. Many Chinese watched the opening ceremony of the 19th National Congress live on TV that day and listened carefully to the report made by the supreme leader. In interviews, they all expressed their pride in the stable development of China, their confidence in the future of China and their firm belief that China will have a better tomorrow.

　　Many Chinese in the Philippines said that they were very excited to watch the report of the Supreme Leader at the opening ceremony of the 19th National Congress. The report objectively summarizes the work of the CPC in the past five years and draws a grand blueprint for future work. Based on China’s national conditions, the report puts forward the concepts of "Socialism with Chinese characteristics has entered a new era", "the principal contradiction in our society has been transformed", "Socialism with Chinese characteristics Thought in the new era" and "a powerful socialist country with modernization". The report is objective and comprehensive, which not only affirms the achievements, but also does not taboo the existing problems, and points out the direction for future work. As overseas Chinese living abroad, I sincerely hope that the motherland will be richer, more stable and stronger under the leadership of the CPC.

　　The reunification of the motherland has always been the focus of overseas Chinese. The report emphasizes, "Insist on ‘ One country, two systems ’ And promote the reunification of the motherland ",which greatly encouraged Chinese in the Philippines and strengthened their confidence in opposing the" Taiwan independence ". In 2016 and 2017, Philippine-Chinese groups issued statements against "Taiwan independence" for many times. The report stated that it adheres to the concept of "one family on both sides of the strait" and that it resolutely safeguards national sovereignty and territorial integrity and will never tolerate the recurrence of the historical tragedy of national division. All activities to split the motherland are bound to be resolutely opposed by all China people. This fully expresses the aspirations of overseas Chinese, who will continue to carry out various forms of anti-Taiwan independence activities and safeguard the reunification of the motherland.

　　■ Israel

　　Tel Aviv, October 18th (Reporter Wang Shuiping)The Israeli media paid close attention to the convening of the 19th National Congress of the Communist Party of China.

　　The Jerusalem Post published an article saying that the 19th National Congress of the Communist Party of China will have a far-reaching impact on the world. The article points out that the Communist Party of China (CPC), with more than 89 million party member, is the largest political party in the world, exceeding the German population and more than ten times the Israeli population.

　　The article holds that in the past five years, the Communist Party of China (CPC), led by the supreme leader, launched an unprecedented anti-corruption struggle, and many leading cadres in party member were punished. Poverty alleviation has lifted tens of millions of people out of poverty, and China has become the second largest economy in the world.

　　At the end of the article, the Belt and Road Initiative is China’s landmark diplomatic initiative. Connecting Asia and Europe through infrastructure networks and investment networks not only promotes China’s own economic development, but also promotes the ties among countries, which is a very good opportunity for Israel.

On September 10th, there were six major new car launches, among which this one was definitely in the top three. On that day, not only Robin Li, chairman and CEO of Baidu, visited the site personally, but also Zeng Yuqun, chairman and CEO of Contemporary Amperex Technology Co., Limited, and Li Bin, founder, chairman and CEO of Weilai, attended the event as special guests.

In the end, on the same day, it was announced that the preferential price of the limited-time car purchase in Extreme Yue 2007 was 19.99-28.99 million yuan (including 10,000 yuan limited-time cash relief), and a series of rights and interests were provided.

Compared with similar models of other new forces, the Extreme Yue 07 has several outstanding labels.

First, high investment. Extreme Yue 07 was praised as "the world’s first car with an investment of over 100 billion yuan" by Xia Yiping, CEO of Extreme Yue, and its name of 100 billion yuan is definitely not empty.

The first is intelligent driving. As the two major heads in the world, which are known as pure vision solutions together with Tesla, the ASD Apollo high-order intelligent driving of Extreme Yue 07 is based on "pure vision+end-to-end big model", and Baidu’s intelligent driving investment is as high as 50 billion; It is planned that by the end of 2024, ASD can be used wherever Baidu map navigation can reach, and it can be opened all over the country.

The second is the AI capability of Extreme Yue 07, which is the AI capability/comprehensive empowerment formed by Baidu’s continuous investment of over 170 billion yuan for more than 10 years;

The third one is based on the vast SEA architecture that Geely spent over 18 billion yuan on research and development in four years. The chassis has a front all-aluminum double wishbone/rear all-aluminum H-Arm multi-link independent suspension, provides Brembo four-piston fixed calipers, and selects Contemporary Amperex Technology Co., Limited high-performance power battery with a total investment of over 70 billion yuan.

Second, high face value, Extreme Yue 07 has a smooth coupe shape, and the design is inspired by the Venus statue. The curves, radians and angular data of its body are internalized in the aesthetic design of Extreme Yue 07. In the research and development of the ultra-Yue 07 model, it cost 300 million yuan to move the A-pillar backward by 65mm only once, in exchange for the excellent body proportion and the inclination angle of the A-pillar, and finally the "Venus curve" was presented.

In addition, Extreme Yue 07 also has excellent tailgate loading capacity under high value, and the large hatchback structure brings a similar large opening tailgate, which is very rare in the trend that new forces often lose practicality and hard concave shape.

In addition, the Extreme Yue 07 has a drag coefficient as low as 0.198Cd, and the research and development is full of gold, and the high-performance automatic lifting tail is enough to pull the wind.

Interior, 35.6-inch huge horizontal screen and decorative board materials, 0-formaldehyde full-grain nappa leather seat fabric are very elegant, and 256-color atmosphere lights and liftable speakers add a lot of sense of ceremony.

Third, long battery life+high rights and interests

Extreme Yue 07 has launched three configuration models, and the standard version of CLTC has a cruising range of 660km.

Known as the "king of endurance cost performance", the extremely long endurance version of 07, based on a 100-degree battery, CLTC has a maximum endurance of 880km；; Both the standard version and the long-life version use a single motor with a peak power of 200kW, and the zero-acceleration is 6.9s and 6.5s respectively.

Extreme Yue 07 Performance Edition, based on 800v architecture, is equipped with a system, with a maximum power of 530kW, a zero-speed acceleration of 3.5s and a CLTC cruising range of 770km.

Among the rights and interests of the first sale of new cars, if you buy a car before 24: 00 on September 30 and get the car before January 31, 2025, you can also get the 3-year use right of the 1,500-kilowatt electric card or the 7kW DC household charging pile service package, the lifetime warranty of the whole vehicle and the three-electric system, the lifetime free road rescue, the 3-month free experience of ASD advanced intelligent driving, and the repurchase rights.

In addition, for the Extreme Yue 07 Standard Edition and the Long Life Edition, a "Comfortable Suit +U-shaped Steering Wheel +6 Color Options" worth 26,000 yuan will be given free of charge; For the Extreme Yue 07 Performance Edition, a "sports suit +U-shaped steering wheel +6 color options" worth 13,000 yuan will be given free of charge.

Wen | Zhang Bureau

Figure | Network

Morning news

Huawei will pay dividends of nearly 77 billion yuan in 2023.

According to the electric business news, after the market meeting on February 2nd, Huawei officially announced through the internal secretary No.1 document: 1.5 yuan will be paid dividends per share in 2023, and the price per share will remain unchanged at 7.85 yuan, ESOP the dividend yield will be 1.5/7.85=19.1%, and the after-tax rate will be 15.3%. According to Huawei’s current total share capital of 51.3 billion shares, the total dividend will be 51.3 billion * 1.5 = 76.95 billion yuan.

According to the 2022 annual financial report, the number of Huawei companies participating in the employee stock ownership plan is 142,000. In that year, Huawei paid a dividend of 72 billion yuan, with a per capita dividend of nearly 547,000 yuan. In 2021, Huawei paid a dividend of 61.4 billion yuan, with a per capita dividend of 460,000 yuan. It is estimated that in 2023, the per capita dividend amount of Huawei employees will further increase.

Huawei’s revenue in 2023 is expected to exceed 700 billion yuan, of which terminal revenue is expected to exceed 240 billion yuan. With the return of Kirin chips, Huawei’s terminal business is rapidly recovering, and with the big sales of smart cars, it is estimated that the terminal revenue will increase by more than 100 billion yuan in 2024.

Domestic information

1. LiWant to respond to multiple year-end awards: unclear rewards and punishments is the biggest reason for inefficient organization.

According to the information of IT House, on January 5th, the car blogger @ 京京京京京京京京京京京京京京京京京京京京京京2 To this, the CEO responded in Weibo.

Li Xiang said: "We can’t just learn Huawei’s process without learning Huawei’s benefit distribution. We insist on two simultaneous studies and bind each other. In 2023, more bonuses will be given if the target is exceeded, and less bonuses will be given if the target is not achieved in 2022, so that rewards and punishments are clear. Only learning the advanced process, not learning the advanced benefit distribution, and unclear rewards and punishments are the biggest reasons for the inefficiency of the organization, simply tossing employees. There are growth, achievements and rewards, and all three are indispensable. "

Li Xiang mentioned the year-end bonus event in 2022: In that year, all employees received less year-end bonuses than before, with only half of their monthly salary, and a few received 13 salaries, while in LI, the year-end bonus was two to four months’ salary. Due to the outstanding performance of LI in 2023, it is expected that the ideal year-end bonus will exceed the highest level in the past.

2. In 2023, China imported 799,000 cars, down 10% year-on-year, falling for five consecutive years.

According to the news of the Federation on February 4, China imported 799,000 cars from January to December 2023, down 10% year-on-year. China’s automobile imports continued to decline at an average annual rate of about 10% from 1.24 million vehicles in 2017, and only 885,000 vehicles will be imported in 2022. In 2023, the domestic high-end market demand was good, but the import of passenger cars was only 800,000 units, which continued to decline by 10% year-on-year. The Federation pointed out that the electrification transformation has changed the demand for fuel vehicles, and the demand for imported fuel vehicles has dropped significantly.

3. Beijing started the unmanned automatic driving passenger test.

Xiaoma Zhixing official micro-message, equipped with Xiaoma Zhixing’s sixth-generation L4 software and hardware system, the Robotaxi model has been approved to open the self-driving manned demonstration application of "nobody in the car, remote outside the car" in Beijing. In Yizhuang, Beijing, passengers can call a car through PonyPilot+APP. At present, this model has been tested in Beijing and Guangzhou at the same time.

4. Shanghai has achieved an open test of autonomous driving with a total area of 912 square kilometers.

Looking at the news, the Shanghai Municipal Transportation Commission, the Municipal Economic and Information Commission and the Municipal Public Security Bureau jointly released the "Shanghai Intelligent Networked Automobile Development Report (2023)". According to the report, by the end of 2023, the total area of self-driving open test in Shanghai reached 912 square kilometers, including 464 square kilometers in Jiading and 386 square kilometers in Lingang. A total of 774 vehicles from 32 enterprises were awarded road test and demonstration application licenses.

The total test mileage is 9.633 million kilometers, of which the automatic driving test (function test) mileage is 7.437 million kilometers, increasing by 25% and 43% respectively compared with 2022; The total test duration was 1.15 million hours, of which the automatic driving test (function test) lasted 650,000 hours, increasing by 190% and 200% respectively compared with 2022.

5. The price of NVIDIA RTX 4090 graphics card in Asian market soared by 60%.

According to Nikkei Asia News, the price of GeForce RTX 4090 graphics cards in NVIDIA has soared in the Asian market, and people are willing to spend a lot of cash to buy them and then resell them at a higher price. The price of RTX 4090 in some Asian countries has soared by 60%-the official suggested retail price is US$ 1,599. Buyers from Guanghua Shopping Mall in Taiwan Province, China and Longshan Electronics Market in South Korea have bought these graphics cards for more than US$ 2,500, so that they can resell them to Chinese mainland and China at three times the price. According to reports, this is also the case in Singapore and Vietnam.

It is understood that RTX4090 will be released at the end of 2022. The graphics card is based on the 5nm process AD102 graphics processor, which can ensure the operation of all games and support hardware ray tracing and variable rate coloring in video games. AD102 graphics processor is a large chip with an area of 611mm2.

6. The first model of the sub-brand Alps is expected to be launched in October.

36Kr reported that the first model "DOM" (internal code) of Weilai sub-brand Alps is planned to be trial-produced in July this year, and it is expected to be mass-produced and delivered on the market in the second half of this year. If all goes well, DOM is expected to be officially listed in October this year. Alpine brand will bear the heavy responsibility of Weilai’s main attack on the family car market, with the price range of 200,000-300,000 yuan, while Weilai brand will continue to stand firm in the high-end pure electric market.

7. The first batch of M9 owners of Celeste Super Factory opened for delivery.

Sailis official news, Sailis Super Factory was completed and put into use on February 5th, and the first batch of owners of M9 officially opened for delivery.

The factory has more than 1,000 intelligent devices and over 3,000 robots for intelligent collaboration, which can realize 100% automation of key processes; Has the industry’s first quality automation testing technology, which can realize 100% quality monitoring traceability; Through the world’s leading 9000T die casting machine, the highest integration among integrated die casting parts is realized; At the same time, it has achieved the highest production efficiency in the world.

According to reports, since its listing in December, 2023, the M9 has exceeded 40,000 sets.

8. Xia Yiping, CEO of Extreme Vietnam, revealed that the price of Extreme Vietnam 07 was 219,900, and Xia Yiping subsequently denied it.

No.42 garage news, in the "BOSS 1+1" program yesterday afternoon, Xia Yiping, CEO of Extreme Yue Automobile, revealed that the price of the second model of Extreme Yue Automobile, Extreme Yue 07, started at 219,900 yuan. Last night, Xia Yiping denied this statement, saying that the 219,900-car model he mentioned in the program was the previously listed Extreme Yue 01.

Extreme Yue 07 is positioned as a pure electric car, which forms a competitive relationship with Extreme Krypton 007 and I. It is rumored that the ultra-Yue 07 will adopt the same large-size through LCD screen as the ultra-Yue 01 with built-in Qualcomm Snapdragon 8295 chip. In terms of assisted driving, Extreme Yue 07 may adopt the pure vision high-order intelligent driving technical scheme like Extreme Yue 01, equipped with dual Orin chips. According to previous reports, Extreme Vietnam 07 will make its debut in April this year, and start delivery in the second half of this year.

9. It is reported that the self-developed city NOA assisted driving landed in March.

Late Auto news, the first landing time of BYD City Pilot (NOA) is planned for March 30th, and N7 will be the first vehicle to apply advanced intelligent driving function. A person close to BYD revealed that BYD’s cities led the first batch or opened a number of major cities including Shenzhen. However, "Late auto" learned that as of now, only Shenzhen is close to landing. Judging from the current action, BYD tried to copy the winning method of electrification transformation to intelligent driving: mastering the core components by self-research and quickly filling the progress with "crowd tactics". In order to improve the boarding progress of self-developed advanced intelligent driving, BYD is vigorously expanding its intelligent driving team.

In October and February, the new car declaration catalogue of the Ministry of Industry and Information Technology: Qin L, tank 300Hi4-T and other popular cars are listed.

According to the First Electric Report, the 380th batch of Announcement of Road Motor Vehicle Manufacturers and Products issued by the Ministry of Industry and Information Technology was released yesterday, and the new car declaration information such as BYD Qin L, 06, Volkswagen ID.7 S, Lectra 07 EM-P, Tank 300 Hi4-T, Star Era ET Extended Range Edition, Tengshi N7 modified models and so on were presented in a concentrated manner.

11. General Administration of Market Supervision: The BMW joint venture was unconditionally approved.

On February 5, Cailian, the State Administration of Market Supervision announced the list of cases that unconditionally approved the concentration of business operators from January 22 to January 28, 2024. The ninth case was the case of approving the establishment of a new joint venture between Mercedes-Benz (China) Investment Co., Ltd. and BMW Brilliance Automobile Co., Ltd., which was concluded on January 23.

Last November, they announced that they would set up a joint venture in China with a 50:50 share ratio and operate a super charging network. By the end of 2026, the joint venture company plans to build at least 1,000 super piles with advanced technology and about 7,000 super-filled piles in China. The first batch of charging stations are planned to start operation in key new energy automobile cities in China from 2024, and the subsequent construction of charging stations will also cover other cities and regions in China. In January this year, this joint venture company has been approved by the European Commission.

12. Weilai Capital raised more than 3 billion yuan.

36Kr reported that Weilai Capital recently completed the second phase of RMB fund raising, with a total scale of over 3 billion yuan. The newly raised second-phase fund will continue to focus on investment in the fields of new energy automobile industry ecology, energy technology and energy transformation, and scientific and technological intelligence. According to the report, the LP of RMB fund of Weilai Capital Phase II includes local government guidance funds, state-level funds, family offices and listed companies which are widely distributed in the field of new energy vehicles and parts.

International information

1. The origin of Apple Vision Pro was announced for the first time: original made in China.

According to the news of fast science and technology, domestic bloggers have been the first to get Vision Pro recently. Judging from the exposed packaging box, Vision Pro is original made in China. Like iPhone and other products, Apple is only responsible for design, assembly and production in China. It is reported that Luxshare is the only assembly partner of Vision Pro, and the first batch of Vision Pro is manufactured by Luxshare in Kunshan.

As early as January 19th, when it was pre-sold, some netizens claimed that the shipment place of Vision Pro they bought was Shanghai, China. Since Vision Pro has not been sold in China at present, the domestic purchasing price was as high as 90,000 yuan at the beginning of pre-sale, but the current price has dropped to about 30,000-50,000 yuan. In order to experience Apple VisionPro in the first time, JD.COM International Purchasing and Marketing directly flew to the United States for procurement, and conducted on-site unpacking evaluation.

2. In January, the global sales volume of automobiles was 53,402, and the China market increased by 36% year-on-year.

Volvo Cars announced on the 5th that its global sales reached 53,402 vehicles in January, up 10% year-on-year, and its sales increased for 17 consecutive months. Among them, the "Recharge" series models with or without plug-in hybrid achieved sales of 19,171 vehicles in the month.

Sales in Europe increased by 8% to 23,141 vehicles, of which new energy vehicles accounted for 60%. Followed by the China market, Volvo sold 16,042 vehicles in China that month, an increase of 36% compared with the same period last year; The performance of the US market followed closely with 7716 vehicles.

Volvo XC60 is the best-selling model, with global sales reaching 18,011 vehicles. Followed by XC40, with a total sales volume of 12,628 vehicles and XC90 of 8,167 vehicles.

3. Hyundai Motor evaluates the listing plan of its Indian subsidiary.

India’s Economic Times reported that Hyundai Motor is evaluating the listing plan of its Indian subsidiary and plans to raise 3.3 billion to 5.6 billion US dollars. People familiar with the matter said that world-renowned investment banks, including Goldman Sachs, Citigroup, Stanley and JPMorgan Chase, gathered in Seoul last week to introduce Hyundai Motor’s leadership.

4. Investigate and upgrade the failure of steering assistance in the United States.

According to IT House, the National Highway Traffic Safety Administration (NHTSA) recently upgraded the investigation on the power steering system of Tesla Model 3 and Model Y electric vehicles to the engineering analysis stage.

Previously, hundreds of Tesla owners complained about the loss of steering assistance. NHTSA’s Defect Investigation Office (ODI) began to investigate the steering assist system of Model 3 and Model Y in 2023 in July last year. According to a document released this week, the agency has now upgraded the investigation to the stage of engineering analysis. This means that this investigation may eventually lead to a vehicle recall. Tesla has provided NHTSA with relevant part numbers to assist in the investigation.

The survey involved about 334,569 Model 3 and Model Y vehicles, and a total of 2,388 car owners complained that the steering assist system failed. In the complaint, some car owners said they could not turn the steering wheel, while others said they needed more effort to turn the steering wheel. Most of the complaints also mentioned that the vehicle will send a warning message to the driver before or during the failure of the steering assist, indicating that "the steering assist is reduced".

It is reported that this problem has led to an accident, when the driver could not complete the right turn at the intersection and finally collided with another car. NHTSA also said that they learned that at least 50 vehicles were towed away from lanes, parking lots, roadsides and intersections due to steering assistance problems.

5. The road test mileage of Apple’s self-driving cars increased to 720,000 kilometers last year.

According to the IT House, according to the data released by the California Motor Vehicle Administration, foreign media reported that the road test mileage of Apple’s self-driving car road test team on public roads in California increased significantly last year, reaching 450,000 miles, or about 720,000 kilometers. In the report, foreign media also mentioned that the road test mileage of Apple’s self-driving car road test team on public roads in California last year was more than four times that of their test mileage in 2022 and more than 30 times that of 2021.

At the end of last month, the long-rumored Apple car project once again encountered twists and turns. The launch time was adjusted from 2026 originally planned to 2028 as soon as possible, and the autopilot level was also adjusted, from L4 previously planned to L2+ with limited autopilot function, focusing more on basic driving functions. Although Apple’s self-driving project codenamed "Titan" has encountered twists and turns, the road test of their self-driving technology is still in progress.

6. After the "fake Biden call", the United States intends to declare it illegal to make calls with AI voice.

The Paper reported that on January 21st, local time, some voters in New Hampshire said that they had received an automatic message from President Biden, telling the receiver not to vote in the state’s primary election. In view of the recent incidents of deep AI fraud in the United States, on February 1st, local time, dame jessica rawson Rosenworcel, chairman of the Federal Communications Commission (FCC) of the United States, proposed that it would be illegal to use AI-generated voice to make robocall.

Previously, AI pretended to be US President Biden to call voters, and the false "indecent photos" of famous singer Taylor Swift AI were madly transmitted on the Internet, which coincided with the US election year. Many AI deep fraud incidents caused people to worry about artificial intelligence fraud.

7. For the first time, American scientists printed functional brain tissue in 3D, and it is not clear whether they are conscious or not.

Recently, scientists at the University of Wisconsin in the United States used new technology to print functional human brain tissue in 3D for the first time. It can grow and work like a human brain, and different neurons can communicate and interact to form a neural network, but it is not clear whether consciousness will be formed, which is not the purpose of scientists. Scientists aim to use it to study the development of brain nerves and various neurodegenerative problems, such as Alzheimer’s disease, Parkinson’s disease and gradual freezing.

8. Microsoft launched an AI-assisted project for the news editing industry.

IT House news, Microsoft released a press release on the 5th local time, announcing that it has launched a number of cooperation based on generative AI with a number of news organizations. Microsoft will help news organizations identify and improve the procedures and policies of using AI for news editing and business practice, and assist in training a new generation of journalists: guide them on how to "best" use AI, and find ways for AI to assist in completing efficient business.

According to reports, Microsoft will cooperate with news agency Semafor, using AI tools to assist note takers in research, source discovery and translation, and using the "Semafor Signals" tool to help note takers provide readers with "diversified" and "credible" local, national and global information.

Related companies in shield machine industry:(600528), (600820), (688425), (002204), CCCC Tianhe, northern heavy industries, Sansan Industry, etc.

Core data of this article:Output of shield machines of leading enterprises, number of patents of shield machines of leading enterprises, operating income of shield machines of leading enterprises, etc.

1. China Railway Industry VS Railway Construction Heavy Industry: Comparison of shield machine business layout.

China Railway Industry was established in 1999 and listed for the first time in 2001. In 2017, the company reorganized and integrated Zhongqiao, China Railway Baoqiao, China Railway Science and Technology and China Railway Equipment. China Railway Equipment, a subsidiary of the company, is a frontier enterprise of shield machine in China, and has developed the first domestic shield machine with intellectual property rights in China. From 2017 to 2021, a number of key projects of the company signed contracts continuously, and the main economic indicators grew by leaps and bounds.

Tiejian Heavy Industry was established in 2006 and listed in 2021. The company has been deeply involved in the field of high-end underground equipment manufacturing, and many shield machine products have reached the international leading level. It has become the world’s leading underground engineering equipment industrial base, a new model industrial base for intelligent manufacturing of tunnel excavation equipment and a mass customization enterprise for rail transit equipment.

2. Comparison of business layout and operation status of China Railway Industry VS Railway Construction Heavy Industry-Shield Machine: China Railway Industry is slightly better.

1) China Railway Industry VS Railway Construction Heavy Industry-shield machine product comparison: Railway Construction Heavy Industry has more specifications.

From the product specifications and types of shield machines of China Railway Industry and China Railway Construction Heavy Industry, the maximum excavation diameter of earth pressure shield machines and slurry shield machines of China Railway Construction Heavy Industry is higher, and at the same time, there are more types of cutter head drives, and generally speaking, the product specifications are more.

2) China Railway Industry VS Railway Construction Heavy Industry-shield machine output comparison: China Railway Industry leads.

Judging from the change of shield machine output, the shield machine output of China Railway Industry has been greater than that of China Railway Construction Heavy Industry from 2017 to 2020. According to the Statistics of China Full-face Tunnel Boring Machine Manufacturing Industry in 2020 issued by China Construction Machinery Industry Association, China Railway Industry will produce 190 shield machines (excluding TBM) and China Railway Construction Heavy Industry will produce 152 shield machines (excluding TBM) in 2020.

3) Comparison of China Railway Industry VS Railway Construction Heavy Industry-Shield Machine R&D: China Railway Industry has a high investment scale.

Judging from the R&D proportion of China Railway Industry and China Railway Construction Heavy Industry, the R&D investment scale of China Railway Industry is significantly higher than that of China Railway Construction Heavy Industry. In 2020, China Railway Industry invested a total of 1.214 billion yuan in R&D funds, and China Railway Construction Heavy Industry invested a total of 553 million yuan in R&D funds. However, judging from the proportion of R&D investment in the company’s revenue, the investment ratio of Railway Construction Heavy Industry is 7.27% slightly higher than that of China Railway Industry (5.00%).

4) China Railway Industry VS Railway Construction Heavy Industry-shield machine patent comparison: China Railway Industry is absolutely leading.

From the comparison of global shield machine patents, as of October 2021, China Railway Engineering Equipment Co., Ltd., a subsidiary of China Railway Industry, ranked first in the world, with a total of 1044 shield machine patents, significantly more than the number of shield machine patents of China Railway Construction Heavy Industry.

Note: The number of joint applications is not excluded.

5) Comparison of China Railway Industry VS Railway Construction Heavy Industry-Shield Machine Planning: The two have different emphases.

From the different points of shield machine business development planning between China Railway Industry and China Railway Construction Heavy Industry, the development of China Railway Industry pays more attention to the research and development of core parts and intelligent manufacturing of shield machines. The development of Railway Construction Heavy Industry focuses more on market deepening and innovation in Industry-University-Research.

3. Comparison of China Railway Industry VS Railway Construction Heavy Industry-Shield Machine Business Performance: China Railway Industry has a leading revenue scale and Railway Construction Heavy Industry has strong profitability.

First of all, from the perspective of the company’s total revenue, the company size of China Railway Industry is much higher than that of China Railway Construction Heavy Industry. In 2020, the total revenue of China Railway Industry Corporation will be 24.292 billion yuan, while that of China Railway Construction Heavy Industry Corporation will be 7.611 billion yuan. Judging from the changing trend, the total revenue of China Railway Industry showed an obvious growth trend from 2018 to 2020, while China Railway Construction Heavy Industry fluctuated to a certain extent.

In terms of shield machine business, according to the statistics of China Construction Machinery Industry Association’s Excavation Machinery Branch, in 2019-2020, China Railway Industry and China Railway Construction Heavy Industry’s sales revenue of roadheader business was higher than that of China Railway Construction Heavy Industry. In 2020, the total operating income of the roadheader business of China Railway Industry is 8.099 billion yuan, and the operating income of the roadheader business of Railway Construction Heavy Industry is 6.801 billion yuan.

Judging from the gross profit margin of TBM-related business of China Railway Industry and China Railway Construction Heavy Industry, the gross profit margin of TBM-related business of China Railway Construction Heavy Industry is higher than that of China Railway Industry from 2017 to 2020. In 2020, the gross profit margin of shield-related business of China Railway Construction Heavy Industry is about 36.9%, and that of China Railway Industry is about 28.8%.

4. Forward-looking view: China Railway Industry is the "king of shield" in China.

In the shield machine industry, it is generally a business model of fixed production by sales, and the company’s shield machine output determines the company’s main market share. In addition, in terms of technology, the shield machine industry belongs to the high-end equipment manufacturing industry and has high technology-driven characteristics, so the technical level of the company’s shield machine is also the main factor affecting the competitiveness of the company’s shield machine. Based on the above analysis results, it is predicted that China Railway Industry has advantages in shield machine output, R&D investment and the number of technology patents, and is currently the "leader" of shield machine manufacturing enterprises in China.

Please refer to Foresight Industry Research Institute for the above data and analysis. At the same time, Foresight Industry Research Institute also provides solutions such as industrial big data, industrial research, industrial chain consultation, industrial map, industrial planning, park planning, industrial investment attraction, IPO fundraising feasibility study, IPO business and technology writing, and IPO working paper consultation.