The brand-new BYD Han is officially listed, and the EV version starts at 269,800/DM.

On April 10th, the brand-new BYD Han series was officially launched. The new cars are divided into three series according to the power type, among which there are three models in EV Chuangshi Edition, and the price range after comprehensive subsidy is 269,800 to 288,600 yuan. In addition, there is a limited edition of Qian Shan Cui, which sells for 329,800 yuan. There are 4 DM-i versions, and the price range after comprehensive subsidy is 215,800 to 289,800 yuan; Finally, there is one DM-p version with a price of 319,800 yuan. At this point, BYD’s "Dynasty" series finally achieved DM-i full coverage.

Wechat Picture _20220410151926_ Copy. jpg

At the same time, BYD also announced the listing rights of new cars, including the lifetime warranty of non-operating vehicles (the first owner), the replacement subsidy of 4,000 yuan, free car replacement, free airport parking, free installation of charging piles for the first owner, and 2 years of free car traffic (5GB/ month).

Wechat Picture _20220410152004_ Copy. jpg

■ EV Edition: A More Powerful New Big Man

Regarding the static introduction of the new Han EV, you can watch the video analysis we made before, and refine the differences between several new versions and the previous generation Han EV in design and modeling.

Han EV double car _ copy. jpg

The first is the fine-tuning of the size. Compared with the previous version, the new BYD Han EV is 15mm longer, while the width, height and wheelbase remain the same. Therefore, although the new Han has become bigger, it is not obvious from the body shape. However, on the other hand, the captain of 4995mm can still enhance the competitiveness of the new Han EV in the same level market.

Size. jpg

PC Meitu 780x440A.jpg

Secondly, the power has become stronger, especially its front motor, the maximum power is 180kW, and the peak torque can reach 350Nm, which is obviously improved compared with the previous generation of Han EV, while the rear electric drive parameters of the dual-motor four-wheel drive version have not changed, and its comprehensive maximum output is 380kW, and the comprehensive peak torque can reach 700Nm.

Han EV power contrast.jpg

The third is the increase of endurance. With the blade battery of 85.4kWh, the new Han EV has a cruising range of 610km and 715km under CLTC comprehensive working conditions, even at the lowest level, it runs farther than the super-long endurance version of the previous generation Han EV.

In addition, it is worth noting that at present, many large and medium-sized pure electric cars with endurance of 700km or more on the market have battery capacities ranging from 90kWh to 100kWh, but the brand-new Han EV can achieve the same effect only by being equipped with 85.4kWh battery pack. It must be said that BYD still has deep technical reserves in the three-power technology.

Comparison of battery capacity and battery life. jpg

In the intelligent part, the new Han EV is mainly upgraded on DiPilot intelligent driver assistance system. The new car will be equipped with 22 sensing components, and at the same time, it will add functions such as highway driving assistance and emergency avoidance assistance, which can better provide accurate and efficient help for drivers.

Han DM-p luxury benchmark. jpg

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In terms of intelligent cockpit, the new Han EV will be equipped with DiLink 4.0 intelligent network connection system as standard, as well as high-end configurations and functions such as 5G quick connection, dual-frequency positioning, four-tone voice interaction, HiFi-level customized Tanner audio, W-HUD head-up display, DMS fatigue driving warning system, etc., and at the same time support remote upgrade of OTA of the whole vehicle.

Creation edition looks up. jpg

In the new Han EV series, there is also a limited edition of Qian Shan Cui, which not only has an exclusive green color scheme, but also has exclusive configurations and interior and exterior decoration kits such as high-grade suede seats, sports interior kits, UWB digital keys and high-performance stone green four-piston pliers. In terms of power, the power system of this model is the same as the "610KM four-wheel drive exclusive type" of the conventional Genesis version.

■ How to choose the new Han EV?

Among the four models, which version of the new Han EV has the highest cost performance? First of all, from the power point of view, the new Han EV can be regarded as two single-motor front-wheel drive models and two-motor four-wheel drive models, so if consumers need four-wheel drive systems, they can only choose from the "610KM four-wheel drive exclusive model" of 288,600 yuan, and if there are higher requirements for battery life, I think the "715KM distinguished model" is completely sufficient.

Han EV power parameters. jpg

Because as the basic model of the new Han EV, its configuration itself is rich enough, and it can meet most of the daily needs in terms of quality and experience, and even a little surprise.

Comparison of some configurations of Chinese EV. jpgComparison of Chinese EV partial configurations (2). jpg

Of course, the entry level is not the most comprehensive in terms of intelligent driving assistance. If there are high requirements for this part of the configuration, I suggest choosing the "715KM flagship type" because there is not much difference between it and the "four-wheel drive exclusive type" in terms of driving assistance configuration, and the price is only 17,700 yuan more expensive than the entry level, which is still relatively cost-effective.

Han EV driver assistance. jpg

Han EV driver assistance (2). jpg

■ DM-i/p Edition: The Strongest "Chinese"

For the static introduction of the new Han DM-i, you can click on the video to analyze and watch it. As for the DM-p version, there is no obvious difference between it and the new Chinese DM-i version in appearance and interior design, but it has improved its power performance, and it is also the most powerful version of the new Chinese system.

Figure 3 _ Copy. jpg

The power system of the new Han DM-i/p version consists of Xiaoyun-Plug-in special turbocharged 1.5Ti high-efficiency engine and driving motor, in which the maximum power of the engine is 102kW and the peak torque is 231Nm;. In the driving motor part, the DM-i version will be equipped with a front single motor and two parameter versions, while the DM-p version will be equipped with front and rear double motors.

Chinese DM power contrast. jpg

If we simply superimpose the parameters of the DM-p version of the drive motor, it is concluded that its comprehensive maximum power is 360kW and its peak torque is 675Nm, which is very close to the performance of the previous generation of the most powerful EV. In addition, with an efficient engine, the performance can be imagined. No wonder the acceleration of 100 kilometers is only 3.7s s.

Figure 2 _ Copy. jpg

In addition, in terms of endurance and fuel consumption, the new Han DM-i version has a fuel consumption of 4.2L to 4.5L per 100 kilometers under NEDC working conditions, and the comprehensive cruising range can reach 1300km, and the longest pure battery life can reach 242km;; The DM-p version has a pure battery life of 206km and a fuel consumption of 5.2L per 100 km under NEDC conditions.

Interestingly, although the new Han DM-i/p is equipped with a relatively complicated plug-in system, especially an engine, in terms of size, these two models are 5mm shorter than the previous generation Han EV, but other parameters have not changed, and the wheelbase is also 2920 mm.

Figure 4 _ Copy. jpg

In terms of configuration, the new Chinese DM-i/p version is the same as the EV version, which is equipped with a more intelligent DiPilot intelligent driver assistance system and rich intelligent, comfortable and convenient configurations and functions.

Figure 5 _ Copy. jpg

■ How to choose the new Chinese DM-i/p?

In terms of purchase, we see that all the new Han DM-i versions are precursors, while DM-p is a four-wheel drive, so there is only one option for the four-wheel drive power system. In the DM-i version, the "242KM flagship" with a price of 289,800 yuan is the most powerful and has the longest pure electric endurance. If you pursue the ability to travel, it is recommended to choose this one.

Han DM power.jpg

If we consider the configuration, first of all, in the intelligent driving assistance part, we can see that the "242KM flagship" and DM-p version have the most complete number of sensors and auxiliary functions, so if the configuration requirements for this part are higher, the "242KM flagship" is more cost-effective.

Comparison of Chinese DM auxiliary configuration. jpg

However, in terms of safety, comfort and convenience, the functions of the new Han DM-i series are already very comprehensive. If you want a higher-level configuration, I suggest starting with the "121KM distinguished model" with a price of 225,800 yuan, because there are many identical configurations on the "flagship model" on it, but the price difference is at least 64,000 yuan.

Comparison of Chinese DM Part Configuration (1). jpg

■ Bangpingdian

On the whole, the timing for BYD to launch a brand-new Han series is very good. On the one hand, because many heavy products of the same type have been delivered or listed recently, this market segment has become one of the focuses of attention inside and outside the industry. At this time, listing is easy to get better communication effect; On the other hand, it is the time when the brand announced the sales volume and delivery volume at the beginning of the month. BYD’s production and sales data in March performed well, showing excellent brand health, and at the same time boosting the confidence of many consumers who intend to buy BYD models. I believe it can also help the brand-new Han series to get more orders.

As for the specific model competitiveness, I think that Han EV, as the first "veteran" to enter the medium and large-sized pure electric car market, has kept up with the pace of market evolution in time after this update, and has renewed its vitality and maintained its strong competitiveness.

The brand-new Han DM-i/p series actually has no specific competitors in a strict sense. The medium and large plug-in hybrid cars on the same track with it are basically BBA brands of more than 500,000, such as BMW 5 Series plug-in hybrid and Volvo S90 RECHARGE. Therefore, the new Han DM-i/p series will gain more market opportunities and the sales volume can be expected.

"Friends circle" expands again! "City-X Xiong ‘an City HarmonyOS" 2024 Spring Product Launch Conference was held.

In order to promote the construction of xiong’an new area’s "Global HarmonyOS Ecology", show the research results and application demonstrations of Xiong ‘an City HarmonyOS, gather various elements to promote the construction of HarmonyOS’s ecological chain, industrial chain and talent chain, and strive to build the global "City HarmonyOS Capital", on March 28th, the spring product launch conference of "City-X Xiong ‘an City HarmonyOS" was held in Science and Technology Center, xiong’an new area Start-up Zone.

The conference was jointly sponsored by xiong’an new area Science Park Management Committee and China Xiong ‘an Group Co., Ltd., undertaken by Xiong ‘an Science and Technology Industrial Park Development Management Co., Ltd., China Xiong ‘an Group Urban Development Investment Co., Ltd. and Xiong ‘an Guochuang Center Technology Co., Ltd., and assisted by Open Atomic Open Source Foundation and Hebei Xiong ‘an City HarmonyOS Technology Co., Ltd. Li Tao, Deputy Secretary of the Party Working Committee of xiong’an new area and Deputy Director of the Management Committee, attended the conference and delivered a speech.

"City-X Xiong ‘an City HarmonyOS" 2024 Spring Product Launch Site. Yang Chengshe

Li Tao pointed out in his speech that real cities are changing with each passing day, and digital cities are growing simultaneously. Xiong’an new area is the first city in China to realize the simultaneous construction of digital city and physical city. The construction of digital city makes data an important production factor in the new district. Xiong ‘an will build an urban HarmonyOS ecosystem, build an innovative ecological chain in HarmonyOS, build an urban HarmonyOS adaptation center, and conduct pilot demonstrations in the fields of energy, pipe gallery, water supply and communication. The HarmonyOS-based scene of Xiong ‘an Digital City will open up the scene and data, carry out the pilot project in HarmonyOS, and promote it in a timely and large scale.

In order to promote the ecological construction of HarmonyOS, xiong’an new area, and build the global "HarmonyOS Capital", xiong’an new area has issued a package of policies to support the industrial development of HarmonyOS, giving real financial support to HarmonyOS demonstration projects, enterprises, specialized talents, software and hardware products and original innovative applications, and providing a series of public services based on open source HarmonyOS for ecological partners.

"City-X Xiong ‘an City HarmonyOS" 2024 Spring Product Launch Site. Photo by Li Da

At the press conference, Liang Zhihao, deputy director of xiong’an new area Digital Office, made an in-depth interpretation of the Ten Measures for Accelerating the Industrial Development of HarmonyOS, which attracted much attention. These measures cover product research and development, hardware adaptation, software application, intermediary platform and local ecological cultivation, and provide all-round support for the development of HarmonyOS industry. Wang Jian, deputy general manager of Xiong ‘an Science and Technology Industrial Park Development Management Co., Ltd., gave a comprehensive introduction to Xiong ‘an’s science and technology investment environment and policies, and introduced in detail xiong’an new area’s science and technology development planning, policy support and investment opportunities, which provided important reference information for enterprises interested in developing in xiong’an new area.

Fang Baoguo, Chairman of Xiong ‘an Guochuang Center Technology Co., Ltd., and Wang Haisheng, General Manager of Hebei Xiong ‘an HarmonyOS Technology Co., Ltd. jointly unveiled Xiong ‘an HarmonyOS Innovation Laboratory. Yang Chengshe

Yu Yang, deputy general manager of China Xiong ‘an Group Urban Development Investment Co., Ltd., unveiled the carrier for HarmonyOS. Photo by Li Da

At the launch ceremony of open source HarmonyOS products, a number of innovative products based on HarmonyOS system were unveiled, showing the wide application prospect of HarmonyOS system in smart home, smart transportation, smart manufacturing and other fields. The release of these products not only enriches the ecosystem of HarmonyOS system, but also injects new vitality into the intelligent construction of xiong’an new area.

Xiong’an new area’s scientific and technological innovation is not only at the level of policy support, but also reflected in the deep integration with the industry. During the event, Fang Baoguo, Chairman of Xiong ‘an Guochuang Center Technology Co., Ltd., and Wang Haisheng, General Manager of Hebei Xiong ‘an HarmonyOS Technology Co., Ltd. jointly unveiled the HarmonyOS Innovation Laboratory of Xiong ‘an City. The establishment of this laboratory indicates that xiong’an new area has taken a solid step in the research and application of technology in HarmonyOS. At the same time, Yu Yang, deputy general manager of China Xiong ‘an Group Urban Development Investment Co., Ltd., unveiled HarmonyOS’s landing carrier and released the application demonstration scenario requirements of China Xiong ‘an Group, which not only further demonstrated xiong’an new area’s broad prospects in HarmonyOS technology application, but also provided enterprises with opportunities to cooperate with the new district and jointly promote the application of new technologies.

It is understood that the product launch of "City-X Xiong ‘an City HarmonyOS" is planned to be held twice a year, divided into spring and autumn venues, to show and promote the innovative products of Xiong ‘an City HarmonyOS, publicize the industrial policies and scene needs of Xiong ‘an City HarmonyOS, and lead the industrial agglomeration and development of HarmonyOS with "Xiong ‘an Launch" to create a global OpenHarmony product launch conference.

More Xiong ‘an news is worthy of attention.

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Original title: "Friends circle" expands again! "City-X Xiong ‘an City HarmonyOS" 2024 Spring Product Launch Conference was held.

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The gang illegally dismantled more than 18,600 tons of waste lead batteries and earned more than 10 million yuan.

  Do you know where the waste lead batteries on electric bicycles and electric cars are? In Huai ‘an, Chen Mou and others bought waste lead batteries from Shanghai, Nanjing, Gaoyou, Siyang and Huai ‘an for illegal dismantling and refining lead ingots without any qualifications. According to the investigation by the Qingjiangpu District Procuratorate of Huai ‘an City, in less than one year, Chen Mou and others illegally purchased and dismantled more than 18,600 tons of waste lead batteries, and refined more than 9,349 tons of lead ingots, involving more than 100 million yuan, making illegal profits of more than 10 million yuan. According to the appraisal, it takes at least 20 million yuan to damage virtual treatment cost’s ecological environment. On the 7th, as the largest lead-acid battery environmental pollution case supervised by the Ministry of Public Security, 14 suspects, including Chen Mou and Zhang, were prosecuted by the Qingjiangpu District Procuratorate for alleged environmental pollution, and suggested that the court sentence Chen Mou and Zhang to fixed-term imprisonment ranging from one year to six months to seven years respectively.

  When Chen Mou, 33, returned to his hometown in Huai ‘an for the Spring Festival in 2016, he hit it off with Zhang, who was also working in other places, and each contributed 300,000 yuan to start the recycling business of used lead batteries.

  At the beginning, Chen Mou and others sold the purchased waste lead-acid batteries to a renewable resources company in Xuzhou to earn the difference profit. Later, Chen Mou and Zhang discovered that by doing so, not only did they not earn much money, but also the funds were slowly withdrawn. Chen Mou invited his fellow villager Hu to invest 500,000 yuan each to buy, disassemble and refine lead ingots. Because their business is illegal and they are afraid of being discovered by others, Chen Mou and Hu rented a remote abandoned factory in Yuanji Township, Huaiyin District, and used it as a dismantling factory for waste lead batteries. Then, they went to Matou Town, Huaiyin District and rented an abandoned brick factory to be a lead ingot refining workshop for waste lead batteries. Chen Mou and Hu bought stoves, blowers, models of lead blocks and other equipment together, and then contacted their fellow villagers to help, so that a one-stop production line of battery acquisition, disassembly and refining was built. Up to the time of the crime, Chen Mou and others illegally purchased and dismantled more than 18,600 tons of waste lead batteries, and refined more than 9,349 tons of lead ingots, involving more than 100 million yuan and making illegal profits of more than 10 million yuan.

  In order to avoid the investigation by the environmental protection department and the public security organs, they covered the windows of each factory building with shielding nets, so that the inside could not be seen from the outside.

  In September last year, the Huaiyin District Environmental Protection Bureau received a report from the masses that a factory emitted an unpleasant smell. After the staff of the Environmental Protection Bureau seized it on the spot, they felt that the case was serious. The Environmental Protection Bureau immediately contacted the public security organ, and the public security organ filed a case for investigation that day. More than 100 tons of waste lead batteries were seized on site. The case subsequently became the largest environmental pollution case of lead-acid batteries in the province supervised by the Ministry of Public Security. (Yangzi Evening News/Yangyan reporter Zhu Dingzhao correspondent Wei Congjin Zhang Chaoyun Cao Yanan)

Hong Kong Morning Post | Netease Blizzard talks about the collapse of New Oriental online revenue surged 6 times

  [yesterday’s review]

  On January 17, Hong Kong stocks surged in early trading, but their stamina was insufficient. Bears launched a counterattack, and major indexes turned down one after another. The Hang Seng Index closed down 0.78% and the Hang Seng Technology Index fell 0.14%.

  Large-scale technology stocks fell, JD.COM, Baidu, Xiaomi, Netease and Meituan all fell, while Alibaba and Tencent rose nearly 1% against the trend; Biomedical stocks pulled back significantly, while gambling stocks and auto stocks generally fell.

  On the other hand, online education stocks, sporting goods stocks and semiconductor stocks are active.

  [capital flow]

  The net inflow of southbound funds yesterday was HK$ 4.288 billion. Simcere ranked first in net purchases, and China Construction Bank ranked first in net sales.

  In terms of short-selling data, Far East Hongxin, Meidong Automobile and Prudential ranked in the top three; Alibaba, Tencent Holdings and China Ping An ranked the top three in short selling amount.

  [breaking news]

  Talk about collapse completely! The negotiation between Blizzard and Netease broke down, and the national service game service was terminated on January 23rd.

  On January 17th, Blizzard China official Weibo announced that it contacted Netease again last week and sought assistance to discuss extending the existing agreement based on the agreed terms of Netease in 2019 for six months. However, Netease did not accept the proposal to postpone the existing game service agreement, so it will have to stop the national service game service on January 23 in accordance with Netease’s notice of stopping service.

  Blizzard China also mentioned the progress in finding new partners in the announcement. Blizzard said that it has held talks with a number of potential partners, and its preferred potential partners should be able to provide players with high-quality and stable game services and create a positive game environment inside and outside the game.

  Netease has previously announced that after the game server is closed, all game data such as account data and character data in each game will be sealed. Netease will properly handle game data in accordance with the requirements of laws and regulations to protect the legitimate rights and interests of users.

  Gorgeous turn! New Oriental’s live online delivery is quite effective, and its revenue has soared by 590% in half a year.

  After the Hong Kong stock market closed yesterday, New Oriental Online (to be renamed Oriental Selection) announced its results for the six months ended November 30, 2022 (that is, the first half of fiscal year 2023).

  The data shows that the revenue of New Oriental’s continuing business during the online period was 2.08 billion yuan, a year-on-year surge of 590.2%; Even if the income from terminated business in the same period of last year was 272 million yuan, there was a year-on-year growth rate of 262.7%.

  The gross profit of New Oriental during the online period was 982.5 million yuan, a year-on-year increase of 467.9%, and the gross profit rate was 47.2%. The net profit was 585.3 million yuan, compared with a loss of 108.7 million yuan from continuous operation in the same period of last year, which successfully turned losses into profits.

  New Oriental Online also disclosed for the first time the performance of Oriental Selection within six months:

  In the first half of fiscal year 2023, the total revenue of the self-operated products and live broadcast e-commerce division of the representatives selected by Dongfang was 1,765.8 million yuan, accounting for 84.9% of the total revenue of New Oriental Online, with a gross profit margin of 42.5%.

  The total transaction volume (GMV) of the business of Dongfang Selection Office reached 4.8 billion yuan, with 35.2 million followers in Tik Tok and 70.2 million orders paid in Tik Tok.

  More than 60 kinds of self-operated agricultural products have been selected by the East, bringing in more than 1 billion yuan in revenue. The orders for self-operated agricultural products plus orders for third-party products totaled 70.2 million.

  In 2023, the first batch of domestic online games were released! Tencent Netease’s heart is in the air.

  On the evening of January 17th, official website, the State Press and Publication Administration, announced the approval information of domestic online games in January 2023, and a total of 88 domestic online games were successfully registered. Tencent and Netease, the two major head game manufacturers, have gained something.

  Tencent was awarded the titles of Dream Star, Dawn Awakening: Vitality and Aurora at White Night respectively. Netease won a version number, and its survival shooting mobile game "Extraordinary Pioneer" appeared in this approval list.

  In addition, Netease’s MMORPG "Going Against the Water" was added to the mobile version, which means that its key product "Going Against the Water" was officially approved.

  In addition to the two major head game manufacturers, the games of Mihayou and Heartbeat Company also appeared in this approval list.

  Junshi Bio: COVID-19 oral medicine VV116 new drug application was accepted.

  Junshi Bio announced that its holding subsidiary, Shanghai Wangshi Biomedical Technology Co., Ltd., received the Notice of Acceptance approved and issued by the Food and Drug Administration, and the application for the listing of a new drug for treating novel coronavirus infection (hereinafter referred to as "COVID-19"), an oral nucleoside anti-novel coronavirus (SARSCoV-2) drug jointly developed by Juntuo Bio and Suzhou Wangshan Wangshui, was accepted.

  New energy car companies start another round of price war? Xpeng Motors announced a price cut.

  Driven by Tesla’s price reduction, some domestic new energy brands choose to follow suit, and the latest one to join the price war is Xpeng Motors.

  On January 17th, Xpeng Motors announced that the new New Year price system for G3i, P5 and P7 would be launched from 14: 00 on that day. The starting prices of the three models were 148,900, 156,900 and 209,900 respectively, with the biggest drop of 36,000 yuan.

  At the same time, Xpeng Motors said that the first car owner who ordered G3i/P5/P7 within one year before the announcement will also give back in the Spring Festival at the same time, including extending the vehicle warranty to 10 years/200,000 kilometers and giving four years of basic maintenance.

  Strong alliance! Contemporary Amperex Technology Co., Limited and Weilai signed a comprehensive strategic cooperation agreement

  On January 17th, () signed a five-year comprehensive strategic cooperation agreement with Weilai in Ningde.

  Officially, the signing of the comprehensive strategic cooperation agreement is another deepening and upgrading of the strategic cooperation relationship between the two sides, involving technical cooperation in new brands, new projects and new markets.

  It is understood that on the basis of giving full play to their respective resource advantages, the two sides will build an efficient and coordinated battery supply system based on advanced battery technology to enhance innovation capability and efficiency.

  Tencent’s withdrawal of the 15-storey office building of Netac Technology belongs to the normal adjustment of office buildings.

  A-share listed company () announced that Tencent intends to terminate the lease contract of Netac Building in advance.

  In response, Zhang Jun, the public relations director of Tencent, said that the rent withdrawal was a normal adjustment of office buildings.

  The major shareholder of Yaoming Bio plans to place 56 million shares and cash in HK$ 4 billion.

  Yaoming Bio announced on January 17th that its major shareholder, WuXi Biologics Holdings Limite, plans to place 56 million shares of the company at HK$ 71 per share, and cash out nearly HK$ 3.98 billion.

  According to the announcement, Morgan Stanley will act as the agent for this placement. If the placement is completed, the shareholding ratio of Biologics Holdings will be reduced from 15.14% to 13.82%.

  According to public information, behind Biologics Holdings is Li Ge, chairman of Yaoming Bio and founder of ().

  Xiaomo reduced its holdings of Vanke by about 1,658,400 shares and cashed in nearly HK$ 30 million.

  According to the latest data of the Hong Kong Stock Exchange, on January 11th, Xiaomo reduced its holdings of 1,658,392 H shares of Vanke, with a price of HK$ 170,095 each, and cashed in about HK$ 28,208,400.

  After the reduction, the latest shareholding of Xiaomo is about 114 million shares, and the latest shareholding ratio is 5.96%.

  At the same time, the auditor of Evergrande III listed platform will be replaced, and the meeting will sincerely succeed PricewaterhouseCoopers.

  On the evening of January 16th, China Evergrande, Evergrande Property and Evergrande Automobile announced at the same time that PricewaterhouseCoopers resigned as auditors at the suggestion of the above-mentioned companies, with effect from that day. To appoint Shanghui Baicheng Certified Public Accountants Limited as the new auditor, which is a member of Shanghui Certified Public Accountants (special general partnership) in Hong Kong.

  In his resignation letter, PricewaterhouseCoopers pointed out that it had not obtained the audit materials and evidence needed for the audit in 2021, including the fact that the deposit pledge guarantee of 13.4 billion yuan disclosed by Evergrande Property on July 22, 2022 was transferred by relevant banks.

  In addition, PricewaterhouseCoopers said that it is impossible to determine the scope of the audit work to be carried out in the future, and it is difficult to reasonably estimate the time required to complete the audit work in 2021. Therefore, Luo Bingxian agreed to resign as the auditor of the Company.

  Aauto Quicker CTO Chen Dingjia resigned and two senior vice presidents shared relevant responsibilities.

  Aauto Quicker announced that Chen Dingjia would resign as Chief Technology Officer (CTO) due to his intention to devote more time to his family and personal affairs, with effect from January 18th. In view of Chen Dingjia’s great contribution, after his resignation, he will be transferred to the company as a lifelong honorary consultant and continue to provide guidance and support for the company.

  The announcement shows that after Chen Dingjia resigned, two senior vice presidents in related fields will share the relevant management responsibilities of the previous CTO and report to CEO Cheng Yixiao.

  Hansen Pharmaceutical: Covid-19 oral small molecule 3CL protease inhibitor obtained notice of clinical trial.

  Hansen Pharmaceutical announced on the evening of January 17th that the first-class new drug "HS-10517 Tablet" against novel coronavirus oral 3CL protease inhibitor, which was jointly developed by the Group and Beijing Huayi Health Drug Research Center (also known as Global Health Drug R&D Center for short), has been approved and issued by China Food and Drug Administration, and it is intended to be used for the treatment of mild and moderate adult novel coronavirus infection patients.

  [financial data]

  1. () (02601.HK): In 2022, the accumulated original insurance business income of CPIC Life Insurance was 222.342 billion yuan, up 6.1% year-on-year; CPIC Property Insurance accumulated 170.824 billion yuan of original insurance business income, up 11.6% year-on-year.

  2. China Resources Power (00836.HK): In 2022, the cumulative electricity sales of affiliated power plants reached 185 million MWh, up 4.1% year-on-year. Among them, the cumulative electricity sales of affiliated wind farms reached 35.2555 million MWh, an increase of 10.4% year-on-year; The cumulative electricity sales of affiliated photovoltaic power stations reached 1,351,900 MWh, up 17.8% year-on-year.

  3. China Petrochemical Co., Ltd. (00386.HK): In 2022, the oil-gas equivalent output was about 489 million barrels, up by 1.94% year-on-year; The output of crude oil was about 280 million barrels, up by 0.39% year-on-year; Natural gas production was 1.25 trillion cubic feet, up 4.11% year-on-year.

  4. () (01186.HK): Recently, 12 major projects were awarded, with a total project amount of 103.295 billion yuan, accounting for 10.13% of the company’s audited operating income in 2021.

  5. CGNPC Nuclear Mining (01164.HK): In the fourth quarter, a total of 771.9tU of natural uranium was produced, with a planned completion rate of 94.3%.

  6. China Xinlianxin Chemical Fertilizer (01866): On January 16th, the second phase DMF project of Jiangxi Xinlianxin Chemical Industry Co., Ltd. was successfully put into production, and the DMF production capacity of the group increased to 200,000 tons/year.

  Jiangxi base has planned three phases of DMF project, of which the first, second and third phases are all DMF with an annual production capacity of 100,000 tons.

  7. Chizicheng Technology (09911): In 2022, the cumulative download volume of social services reached 481 million, up 5% year-on-year; The total revenue of the annual delivery business is estimated to be 540 million yuan to 2.57 billion yuan, a year-on-year increase of 20%; The average monthly activity of social business reached about 22.91 million, a year-on-year increase of about 20%. In addition, the total annual revenue of innovative business is expected to be 230-260 million yuan.

  The decline in revenue from the Group’s innovative business narrowed quarter by quarter, mainly due to the smooth progress of the boutique game business.

  8. Yongda Automobile (03669.HK): It is estimated that the net profit attributable to shareholders will decrease by no more than 43% in 2022, mainly due to the repeated COVID-19 epidemic during the reporting period, which affected sales.

  9. Chanyou Technology (02660.HK): It is estimated that the net profit attributable to shareholders in 2022 will increase by about 30% to 42% compared with that in 2021, mainly due to the group’s iterative product innovation and sustained and steady channel growth.

  10. Fenmei Packaging (00468.HK): It is estimated that the comprehensive profit will be 168-188 million yuan in 2022 and 285 million yuan in the same period in 2021. Mainly due to the pressure of profit margin brought by the rising cost of raw materials.

  [investment operation]

  1. () (00564.HK): Signed an asset management plan with Zhongtai Asset Management at a cost of 200 million yuan.

  2. Chunli Medical (01858.HK): entered into an agreement with Bank of Beijing to subscribe for 525 million yuan of structured deposit products.

  3. Kangxinuo Bio (06185.HK): purchased a structured deposit with a principal of 200 million yuan from Bohai Bank.

  4. Xinneng Low Carbon (00145.HK): We are negotiating with several potential strategic business partners in China and Europe on potential cooperation, and exploring business opportunities in Asia (including China) for energy-saving equipment and low-carbon service product supply, carbon sink resource development and management, and agricultural and forestry development.

  5. () (02196.HK): The drug registration of roxatidine acetate hydrochloride for injection was accepted by National Medical Products Administration, which is mainly used to treat upper gastrointestinal bleeding. According to the latest data of IQVIA CHPA, in 2021, the sales of roxatidine acetate hydrochloride for injection in China was about RMB 1.44 billion.

  6. Fosun Pharma (02196): FCN-016 eye drops have been approved by the clinical trial of drugs. This new drug is an innovative small-molecule chemical drug independently developed by the Group, which is a Rho kinase (Rock) inhibitor, and is intended to be mainly used to reduce the intraocular pressure of patients with open-angle glaucoma or ocular hypertension.

  7. Fudan Zhangjiang (01349.HK): The FDA022 antibody coupling agent for injection developed by the company was used in the phase I clinical study of drugs for the treatment of advanced solid tumors, and the first subject was successfully enrolled recently. This drug is the first new generation ADC drug on BB05 platform, and it is intended to be used to treat advanced solid tumors with positive HER2 expression, such as breast cancer, gastric cancer, lung cancer and colorectal cancer.

  8. Fuhong Hanlin (02696.HK): National Medical Products Administration approved the application for listing and registration of Hans-like combination carboplatin and etoposide as new indications for first-line treatment of extensive small cell lung cancer.

  [Repurchase cancellation]

  1. Tencent Holdings (00700.HK): It spent HK$ 351 million to buy back 950,000 shares at a repurchase price of HK$ 366.2-375.4.

  2. AIA (01299.HK): It spent about HK$ 225 million to buy back 2,608,600 shares at a price of HK$ 85.4-87.3.

  3. Zhongjiao Holdings (00839.HK): 147 million shares were issued on January 17th at an issue price of HK$ 10.94 per share.

Mai gentile: We should distinguish what is of real value to our life and prosperity.

Ethics in the Conflict of Modernity is a book published by the famous ethicist Mai gentile in the late nineties, which is an authoritative exposition of his philosophical thoughts. In this book, Mai gentile thinks that although the modern welfare state has made up for the disadvantages of capitalism to some extent and improved the living standards of most people, it has not fundamentally eliminated the greater disadvantages of capitalism, which often makes people tired and go astray in satisfying their desires, making it difficult to fully balance their interests and maintain a real cooperative life. Mai gentile hopes that people can think and study these problems, understand their social life, know how to negotiate and make correct moral choices, and become practical rationalists.

In this night when countless people revel in consumption, we hope that more people can understand the call of Mai gentile, examine their own desires and pursue a truly happy life.

Mai gentile

Mai gentile: Modernity Suitable for Modern Moral Existence

What is the subject’s desire? How are these desires felt and expressed? How are they related to the subject’s practical reasoning? These problems have changed within the social and cultural order and between different social and cultural orders. Biological needs can be constant, but the objects to satisfy desires will be very different. In Edo in the 19th century, people ate sashimi to satisfy their appetite. In Bologna in the 19th century, people’s appetite was satisfied with salsa sauce. Today, Londoners, who have gained the advantages of many families, also appreciate these two delicacies. But no matter in the past or now, the way people learn to eat at the beginning of their growth will change greatly later. Other needs and demands will also undergo the same transformation. In different social and cultural order, people’s ways to meet their needs and demands run through all kinds of life, with different family and professional roles and corresponding goals, aspirations and hopes. As we mentioned earlier, our desires are always closely linked with our emotions, habits and beliefs, which show different forms in different lifestyles. If we want to understand what is the legitimate reason of desire, we must explore the various functions of desire in those lifestyles, which have the characteristics of the social order and cultural order in which we live, and this is the social order and cultural order of modernity. In this quest, we can mainly consider some obvious problems. Opportunities and hopes, security and poverty, regrets and lamentations, aspirations and other issues all show unique modern forms.These problems come from the continuous transformation of work and are the result of the development of economic modernity since the 18th century.

We start with the question of opportunity and hope. The social and cultural order of modernity, no matter what its form, is the result of long-term economic growth and technological innovation. This long-term nature seems to be indefinite, while the growth is sometimes slow, sometimes fast, sometimes continuous, sometimes disrupted, sometimes deliberately shaped, but in more cases it is unplanned. This growth often provides new types of jobs, sometimes provides people with new opportunities to become managers and professionals, and sometimes brings rich returns to those who can dominate others’ work and occupy their surplus labor value, which often makes workers tolerate the slow growth of wages. As a result, a new system has emerged and the old system has been transformed, and perhaps the most obvious result is that schools have become places to train children and teenagers into labor. In these changes, new types of inequality, new forms of class differentiation, new contradictions and struggles, and new goals of desire and ambition have emerged. We only consider three examples of different types of desire subjects. First, workers in the 19th and 20th centuries were generally employed in mills and factories. These workers are realistic. They mainly want to improve their lives and those of their families. They never want to leave the working class. Secondly, the contemporaries who pursued social and economic success (regardless of social background) had skills, imagination and luck, and wanted to go up through the class system to achieve the success recognized locally at that time. Finally, there are contemporary people with money aspirations. They started from some resources and pursued unlimited wealth. The past and present are not satisfied with this statement.

The first kind of stories are about working-class individuals and families, both of which are the political backbone of the trade union movement throughout its history. Such stories often illustrate the necessity of taking collective action. The second kind of stories provide material for novelists and some sociologists, from which we can study the career structure of the bourgeoisie and see the changes of people at all levels of management, such as engineers or lawyers or newcomers in accounting becoming big coffee in this industry. The third kind of stories are sometimes fables of the rich, but they often record cases of habit addiction, which is an addiction to money. These stories all tell the experiences of some individuals, families and groups. Their life motivation comes not only from ambition and hope, but also from fear of frustration and failure, fear of long-term unemployment and poverty, fear of being unable to get rid of the painful work pressure and fear of debt burden.

With these hopes and fears in the macro sense, individuals have formed the forms of love and hate, harmony and hostility, which make their specific desires, tastes, emotions and habits diverse, such as eating this and not eating that, spending time with these people instead of those people, doing things in this way instead of that way, and being willing to stay here instead of there. Only three types of life are mentioned above, but other types of life are also obviously subject to the hopes and fears brought by capitalism and technological modernity. If all these are carefully studied, we need to describe people’s living situations in large quantities, explain how the subject makes choices in specific situations at each stage of his life, and how to weigh the various objects of desire, that is, regard the satisfaction of some desires only as a means to satisfy others, think that some desires have a high priority compared with others, and may painfully or happily re-examine some of his past choices. If these subjects can reflect on how to best balance their desires and lives, what intellectual, moral and social resources do they have?

In fact, they always lack some urgently needed resources, partly because their thought patterns reflect the characteristics of their living situation and partly because of the constraints of their living situation. Let’s talk about the latter first. The common point of their living situation is that they have changed in different degrees due to the influence of capital flow. At first, capital flow may be creative and productive, or destructive, or both. When capital flow can promote the development and application of new technologies, its role is obviously creative and productive, which will lead to new forms of work, such as iron and steel smelting industry in 18th century, German chemical industry in 19th century, or American information technology industry in 20th century. Capital flow is also very destructive. For example, people in a very mature and stable production mode find that their products have no market, so they suddenly and unexpectedly lose their jobs, have no source of life, and sometimes cut off the way out of their whole lives. However, no matter what people’s living conditions are, the key problem of individuals and their families’ desires lies in the relationship between the salary income they earn and the prices of goods and services they pay. People can’t just think about "what I or we want" or "what I or we should get", but what I or we can afford.

When answering the latter question, people need to constantly evaluate the object of their desire and compare its market value, because the market will change according to the demand. But demand is to satisfy any desire that may exist, and it is the need of self-recognition when people happen to have enough money in their pockets at a certain time and place, whether these needs are real needs or not, and whether these desires are the desires that the subject should satisfy. Economic growth requires people who are engaged in productive work to become consumers. In this way, people who provide goods and services to these consumers shape consumers’ tastes, make their products the object of consumers’ desires, and make consumers feel that anything the economy requires them to consume is their own needs. Therefore, these producers and consumers must be able to distinguish between what is of real value to their lives and prosperity and what is the value induced by the market. However, the market society makes it difficult for working-class and middle-class people to think and negotiate together, which is necessary for them to make the above distinction in their daily decision-making. Why do you see it?

To answer this question, we first need to study the conflicts that have occurred in a long and tangled history, in which there are many obstacles, but as a result, they have promoted economic growth or provided the market with necessities of life. From the protection of traditional rights in the British enclosure movement in the 17th and 18th centuries, to the hand-loom workers’ opposition to the use of mechanized looms to maintain their survival, to the radical trade unions’ actions to demand higher wages and better working conditions, and to the protests of urban community organizations and organizers in Chicago and Boston in the 20th century. Many things in this history should have left a deep impression on us. One of them is that people trapped in this kind of conflict can easily express clearly what they oppose rather than support, and can find all kinds of unjust things sharply and accurately, but they can’t clearly explain the influence and function of these unjust things on the correct understanding of the concept of justice. Therefore, in the face of this constructive and destructive change of modernity, ordinary people trapped in this conflict can rarely think and find an appropriate alternative concept about the direction that social and economic changes should take for themselves, so that they can more fully evaluate the ideas that various political movements have firmly believed since the 18th century.

The problem here is that modernity is used to expressing itself in its own terms, which makes it extremely difficult for people to think about modernity without these terms, so they never leave these terms, and these terms exclude the most needed concepts in radical criticism, making them useless. Therefore, we need to explain the distinctive institutionalized activity patterns and thinking habits in those activity patterns, which enables us to answer two different questions, one is about the specific form and deformation of desire in the context of modernity, and the other is about the way of thinking about our activities and life, which is quite different from modernity, but it is an indispensable element to understand modernity. But before trying to make this explanation, I’d like to make a cautious remark, especially for readers who resent my negative views on modernity.

As far as it has experienced a series of social and political freedom and liberation movements against autocracy and oppression, the history of modernity is indeed a real and admirable history of progress in some key aspects. As far as its great artistic and scientific achievements are concerned-from Raphael to Roscoe, or from Palestrina to Schoenberg, and from Copernicus and Galileo to Feynman and Higgs-the history of modernity is indeed a real and admirable history of progress. What I have said here and elsewhere is not meant to slander. However, this same modernity constantly produces new forms of oppressive inequality, new types of material poverty and spiritual poverty, new setbacks and new misleading of desire. There are many very different stories about modernity, all of which are true, but they all need a unique political and economic framework as the premise.

Ethics in the Conflict of Modernity: On Desire, Practical Reasoning and Narration (Watchman)

Author: Alasdair gentile.

Publication date: May 31, 2021

Press: Renmin University of China Press

Original title: "Mai gentile: We must distinguish what is of real value to our life and prosperity"

Read the original text