Wuliangye

　　()-deepening reform, value first.

　　Value first, () quite a price is imperative. From 1218, 2023 to the present, a series of price-fixing combination punches such as reduction, price increase, goods control, and channel arrangement have gradually become clear: 1) The planned amount of dealer contracts in 2024 will be reduced by 20% on the basis of 2023; 2) From February 5, 2024, the ex-factory price of Puwu increased by 50 yuan, from 969 yuan to 1019 yuan; 3) After the Spring Festival in 2024, the company suspended delivery, mainly to digest channel inventory; 4) Make efforts to organize channels and mobilize dealers to rectify low-priced goods in the market. Under this set of combination boxing, the market supply has shrunk obviously, the channel inventory is controlled at a relatively low level, and dealers generally have confidence and form strong support for the approval price. The upward trend of comprehensive goods acquisition cost may still have upward potential in the short term, and it is expected to straighten out the relationship between volume and price in the medium and long term and gradually get out of the dilemma of volume and price game.

　　Marketing reform has entered the deep water area, laying the foundation for price control. In the history of Wuliangye, relying on the big commercial system, it constantly attacked the city and gained the initial rapid growth, but at the same time it also left many disadvantages such as weak channel control, separation of production and marketing, brand dilution and so on. After 2017, we launched a second venture, carried out drastic reforms in the marketing system, and improved the marketing system construction through a series of measures such as flat organization, flat channels, terminal system construction, and digital marketing, which laid the foundation for the company to enter a stable and high-quality growth stage. Judging from the history of price increase, it is normal for Puwu to raise prices under the environment of upside-down price approval, and the trading means are becoming more accurate and steady. On the basis of continuous deepening of marketing reform, the price plate maintains an upward momentum, and it is expected to continue to witness Wuliangye enter a smoother positive cycle of quantity and price in the future.

　　The product system is constantly optimized, and there is still potential beyond the fifth year plan. Wuliangye has formed a product matrix of main brand "1+3" and series wine "4+4". We believe that Wuliangye’s collateral product strategy is becoming clearer and clearer, and it is expected to make up for the growth with relevant marketing measures: 1)1618 strives to become the first brand with a banquet at a price of 1,000 yuan, and low-grade Wuliangye conforms to the trend of low-grade, and both of them increase the fee and scan code rewards to enhance the channel thrust; 2) Brand promotion and consumer cultivation of classic Wuliangye will help enhance the brand value of Wuliangye; 3) Improve the product matrix, and introduce 45-degree and 68-degree products to make up for the differentiated demand; 4) Non-standard and Wenchuang wines further enrich the product system and accelerate the cultivation and construction of the aged wine market; 5) Series wines will continue to focus on the strategy of big single products, increase brand promotion and cultural marketing, and further promote the construction of classified and graded markets.

　　Investment suggestion: The company will maintain the double-digit revenue growth target in 2024, and inject a booster into the market in the environment of reducing the quantity of goods and controlling the short-term performance expectations. We believe that in addition to the "price first" in the General Five-Year Plan, the increase in quantity can still be achieved through multiple efforts of products and channels. With the deepening of marketing reform, the medium and long-term strength is expected to gradually form. Optimistic about the stability of the company’s short-term performance and the growth certainty under the optimization of the long-term volume-price relationship. At present, the company’s valuation is at a relatively low level in history, superimposed with the characteristics of high dividends and high dividend yield, and the allocation value is prominent. It is estimated that the company will realize a net profit of 337.2/377.9/42.13 billion yuan in 2024-2026, up by 11.6%/12.1%/11.5% year-on-year; The corresponding PE is 17.3/15.4/13.8 times. Maintain "overweight" rating.

　　Risk warning: the repair of consumption scenes is less than expected; Food safety risks; The price increase was less than expected.

　　Poly development

　　Haitong Securities-Comments on the company’s quarterly report: The drop in carry-over affects profits, and the sales scale keeps leading the industry.

　　Carry-over and declining equity ratio affect profits. In the first quarter of 2024, the company achieved operating income of 49.748 billion yuan, up+24.51% year-on-year; The net profit was 3.983 billion yuan, up +0.44% year-on-year, and the net profit attributable to the mother was 2.224 billion yuan, down -18.28% year-on-year. The main reason for the decline was the gross profit margin carried forward by the project and the decline in equity ratio. On the other hand, the company continued to pay close attention to the return of sales funds, achieving a sales return of 57.651 billion yuan in the first quarter, with a comprehensive return rate of 91.53%; The balance of monetary funds at the end of the period was 129.554 billion yuan. By the end of the first quarter of 2024, the company’s total assets were 1,424.356 billion yuan, which was -0.87% compared with the end of 2023. The net assets attributable to shareholders of listed companies were 200.030 billion yuan, which was +0.75% compared with the end of 2023. The asset-liability ratio was 75.88%, down 0.66 percentage points from the end of 2023. The high base affects the year-on-year decline in sales, and the scale remains the industry leader. In the first quarter of 2024, the contracted amount of the company was 62.984 billion yuan, up -44.81% year-on-year, and the contracted area was 3,668,700 square meters, up -41.84% year-on-year. We think it was mainly influenced by the high base in the same period in 2023. According to the monthly sales list of top 100 real estate enterprises published by Kerui, the company’s full-caliber sales amount from January to March 2024 was 62.90 billion yuan, which continued to be the first in the industry; The sales amount of equity caliber is 47.80 billion yuan, ranking second in the industry.With the main tone of the continuous easing of real estate policies set by the two sessions and the Political Bureau meeting unchanged, restrictive policies such as purchase restriction and price restriction in first-tier cities are expected to be fully adjusted, and the overlapping real estate financing coordination mechanism and the "old-for-new" policy support the replacement and improvement of demand. We believe that industry sales are expected to pick up, and we will continue to be optimistic about the company’s sales scale and maintain its leading position in the industry. Maintain the strength of investment and focus 100% on the core 38 cities. In the first quarter of 2024, the company expanded four new real estate projects, with a new floor area ratio of 590,000 square meters and a total acquisition cost of 5 billion yuan, all located in 38 core cities; The newly started area is 2.83 million square meters, up+42.9% year-on-year; The completed area was 5.42 million square meters, up +5.0% year-on-year. By the end of the first quarter of 2024, the company had 635 projects under construction, with an area of 81.5 million square meters under construction and an area of 57.58 million square meters to be developed. Investment suggestion: maintain the "better than the market" rating. Considering that the company’s various businesses are solid and steady, actively promoting the repurchase of major shareholders and increasing the cash dividend ratio, which reflects shareholders’ confidence in the company’s future development and recognition of long-term investment value, we give the company an EPS of 1.07 yuan in 2024, 10-12 times PE valuation, corresponding to a market value range of 128-153.6 billion yuan and a reasonable value range of 10.69-12.83 yuan per share. Risk warning: the market repair is less than expected. Risk warning: the market repair is less than expected.

　　Zhongwei company

　　Changjiang securities ——2024Q1 Comments: The competitiveness of etching equipment is outstanding, and the development of thin film equipment has achieved results.

　　Event description

　　In Q1, 2024, the company realized operating income of 1.605 billion yuan, with a year-on-year increase of +31.23%, net profit attributable to the mother of 249 million yuan, with a year-on-year decrease of -9.53%, and net profit attributable to non-mother of 263 million yuan, with a year-on-year increase of +15.40%.

　　Event review

　　The growth of etching equipment sales revenue drives the overall revenue growth. The company’s etching equipment has been continuously recognized by more customers at home and abroad, and the new shipment of high-end products aimed at the key etching process in advanced logic and memory device manufacturing has been significantly improved. In 2024Q1, the revenue of etching equipment was 1.335 billion yuan, up by about 64.05% year-on-year, and the revenue proportion of etching equipment increased from 66.55% in the same period of last year to 83.20% in this period. The MOCVD equipment was affected by the fluctuation of the terminal market. In 2024 Q1, the revenue of MOCVD equipment was about 38 million yuan, down by 77.28% year-on-year. Due to the fluctuation of capacity utilization rate of downstream customers of semiconductors, the income from spare parts and services in this period was about 232 million yuan, down by about 4.38% compared with the same period of last year.

　　Non-recurring profit and loss losses are mainly affected by changes in the value of stocks held. The non-recurring profit and loss in Q1 of 2024Q1 was RMB 14 million, which was about RMB 61 million lower than the profit of RMB 48 million in the same period of last year. The changes in non-recurring gains and losses are mainly as follows: (1) Due to the decline in the stock price in the secondary market in 2024Q1, the fair value of equity investment measured at fair value held by the company decreased by about RMB 41 million in the current period; (2) The government subsidy income included in non-recurring gains and losses in this period is RMB 14 million, which is about RMB 23 million lower than RMB 37 million in the same period of last year.

　　The increase in inventory is caused by the increase in orders, production and raw materials purchased by the company. In addition, the increase in production machines and delivery machines to customers also led to the increase in the part of goods issued in the inventory balance. The above inventory changes are expected to support the company’s long-term growth. In 2024Q1, the company’s etching equipment output increased significantly. By the end of 2024Q1, the balance of goods issued by the company was 1.923 billion yuan, an increase of 1.055 billion yuan compared with the opening balance of 868 million yuan.

　　Etching equipment continues to invest in research and development, and its competitiveness is outstanding in advanced chip manufacturing. The company has invested in the research and development and verification of key etching equipment in advanced chip manufacturing technology. At present, a number of equipment for the most critical etching process in logic and memory chip manufacturing have been verified on customer production lines. The Bevel etching equipment for wafer edge has been developed and will be verified by customers soon. The company’s TSV silicon via etching equipment is also increasingly used in advanced packaging and MEMS device production.

　　Through self-research and investment to form a platform layout, the development of thin film equipment has achieved remarkable results. At present, the company has a variety of equipment products entering the market, some of which have received repeated orders, and other key film deposition equipment research and development projects are progressing smoothly. The company’s tungsten series thin film deposition products can cover all tungsten applications of memory devices, and have completed the verification of CVD/HAR/ALDW tungsten equipment by many logic and storage customers, and obtained customer orders. Recently, the company has planned a variety of CVD and ALD equipment to increase the coverage of thin-film equipment and further expand the market.

　　It is estimated that in 2024-2026, the company will realize a net profit of RMB 20.17/26.01/3.282 billion, corresponding to PE41/32/25 times, and maintain a "buy" rating.

　　Risk warning

　　1. Restrictive policies further aggravate risks;

　　2. The recovery of the prosperity of the semiconductor manufacturing end is less than the expected risk;

　　3. The verification progress of the company’s etching equipment and new process is not up to the expected risk.

　　BYD

　　Guojin Securities-Qin L/ Seal 06 DM-i released: the pricing greatly exceeded expectations, and the leading position was stable.

　　On the evening of May 28th, () held a press conference to officially release BYD DM-i5.0 technology and BYD Qin L/ Seal 06DM-i two new cars, and the pricing exceeded expectations:

　　1. DM-i5.0 technology: equipped with a 1.5L plug-in special engine, the power is 74kw, and the thermal efficiency is increased to 46.06%, and equipped with a plug-in special power blade battery, with an energy density of 115wh/kg and a charge of 10.08/15.87kwh respectively. NEDC consumes 2.9L/100km of electricity, CLTC consumes 10.7kwh/100km of electricity, accelerates 7.5s per 100 km, and has a battery life of 2,100 km with full oil and electricity, with the longest measured exceeding 2500km.

　　DM-i5.0 embodies the new trend of hybrid technology: compared with DM-i4.0, the new technology engine is further lightweight and the power is reduced, but the breakthrough of thermal efficiency is achieved by increasing the compression ratio; The peak torque decreases but the motor power increases; At the same time, the fuel tank capacity was increased from 48L to 65L.

　　2. New models: Among them, Qin L has a body size of 4830/1900/1495mm and a wheelbase of 2790mm, both higher than Qin PLUS；; Seal 06DM-i has a body size of 4770/1900/1660mm and a wheelbase of 2810mm. The pure battery life of the two new cars is 80-120km, and the pricing is 998-139800 yuan, which greatly exceeds expectations.

　　1. The company’s dominant position has become more and more stable. This new car pricing exceeded expectations, highlighting the company’s excellent cost control capabilities. At present, BYD has a strong performance in the low-end market. After the price reduction in February, the company’s pricing power was highlighted, and the sales volume in March/April exceeded 300,000 continuously.

　　We believe that the main competitors of the new car are Wuling Xingguang PHEV/ Changan Qiyuan A07/ Geely Yinhe L6, etc. Oil trucks are mainly Nissan Sylphy/Volkswagen LaVida/Toyota Corolla, etc. The new car pricing/size/space/intelligence is superior to the traditional oil car/tram competing products, which will become the next generation of explosions, further consolidating the company’s dominant position in the market segment.

　　2. The new car cycle leads the optimization of vehicle structure, and the gross profit is expected to continue to improve. Since February, Qin PLUS and other glory new cars have been listed. After the price reduction, the company has vacancies in some price bands. The listing of Qin L/ Seal 06DM-i has opened a new round of new car cycle in the low-end market, filling the original price range and leading the company to bicycle ASP and gross profit margin.

　　3. Looking forward to 24 years, the company will remain strong. 1) The company is in the new car cycle, and the appearance of Tengshi/Wangwang/Equation Leopard’s new car at Beijing Auto Show will drive the company to continuously hit the high-end market. With the improvement of scale effect & optimization of vehicle structure, the company’s net profit is expected to usher in an inflection point in Q2-Q3. 2) The company’s overseas performance is strong. In 24 years, it entered the Mexican market and continued to increase its volume in Thailand, Brazil, Israel and other countries. In 24 years, the export may exceed expectations. With the increase of vehicle supply & overseas factories put into production, it is expected to be mass-produced overseas in 26 years. At present, the electrification strength of overseas car companies is weak, and the company’s overseas market space is broad.

　　As a global leader in trams, BYD has experienced an upward product cycle in 24 years, accelerated overseas markets, and accumulated intelligence, with obvious cost advantages under the scale effect. Combined with the continuous promotion of the company’s new car cycle and sea strategy, we maintain the company’s forecast of net profit of 35.5.3/44.0.6/53.09 billion yuan in 24-26 years, corresponding to 18.1/14.6/12.1 times PE. Maintain the "buy" rating.

　　Competition in the industry has intensified, and the market demand is less than expected.

　　Dongfang electric cable

　　Guotai Junan-Full orders in hand, benefiting from the start of sea breeze.

　　Introduction to this report: the construction of sea breeze is gradually started, and the industry boom continues to rise. The company is full of orders in hand, optimistic about the company as a submarine cable leader, and continue to benefit from the high growth of sea breeze. Investment points: Maintain the "overweight" rating. Due to the delay of the sea breeze project in the wind power industry, the EPS forecast of the company in 2024-2025 was lowered to 1.93(-0.58) and 2.77(-0.52) yuan, and the EPS forecast in 2026 was increased by 3.40 yuan. At present, the sea breeze construction has been gradually started. Considering that the company has full orders in hand and obvious competitive advantages, it will give 22 times PE in 2025 and raise the company’s target price to 60.94(+6.72) yuan. Sea breeze construction started gradually, and the industry boom continued to rise. Recently, the public service platform of Jiangsu Province issued () the construction, construction and installation of wind turbines for Dafeng 850,000 kW offshore wind power project (Bid Ⅰ), the construction, construction and installation of wind turbines and the construction, construction and installation of substructure of offshore booster station (Bid Ⅱ), the construction, construction and installation of wind turbines (Bid Ⅲ). The start and completion time of this bidding plan are all ahead of schedule, which indicates that Jiangsu Haifeng construction has started gradually and the prosperity of Haifeng industry is expected to continue to rise. The order in hand is full, and the bid for the order is progressing smoothly. By April 25, 2024, the company had orders of 7.137 billion yuan, including 2.580 billion yuan for submarine cable system, 3.682 billion yuan for land cable system and 875 million yuan for ocean engineering.220kV and Shanghai cables and umbilicals account for nearly 30% of the total orders in hand. The company has further strengthened its strategic cooperation and market development in the fields of electric power construction, rail transit, offshore wind power, offshore oil and gas, etc., and won the bid for the bidding project of the main and distribution network material framework of China Southern Power Grid Corporation in 2023, with nearly 90 million cables for rail transit and 1.7 billion yuan for the land cable system. The EPC general contracting project of Huaneng Yuhuan No.2 offshore wind power project won the bid of about 328 million yuan, the 400MW offshore photovoltaic project of CGNPC Yantai Zhaoyuan was 89 million yuan, and the 1# offshore wind farm of Guodian Xiangshan was about 700 million yuan. Catalyst. Sea breeze project started and new production capacity was put into operation. Risk warning. Risks such as intensified competition in the industry and lower-level demand than expected.

　　Tuopu group

　　Open source securities-in-depth report of the company: high-quality customer structure, moving towards Tier0.5 platform supplier.

　　The company has been in the field of auto parts for 40 years, realizing the leap from single product leader to platform company.

　　"Increasing the value of bicycle accessories+expanding customers" is the core logic of the growth of platform companies. In terms of bicycle value, with the gradual mass production of thermal management, suspension, IBS, cockpit and other products, the company’s highest bicycle supporting value reached 30,000 yuan. On the customer side, the company and Tesla have steadily cooperated in products such as lightweight chassis, interior system and thermal management system, and expanded into the field of humanoid robot actuators. In addition, the company is deeply involved in the design and research of Geely and other automakers, and actively promotes the cooperation mode of Tier0.5. Based on the company’s annual report in 2023, combined with the judgment of the company’s production pace, we lowered the profit forecast for 2024 and 2025 and added the profit forecast for 2026. It is estimated that the net profit returned to the mother in 2024-2026 will be 3.030/39.54/4.924 billion yuan (the original value is 3.450/4.248 billion yuan), and the corresponding EPS will be 2.61/respectively. The current share price is 21.8/16.7/13.4 times of PE in 2024-2026, respectively. Based on the fact that the company is a leading platform supplier, it has maintained close business cooperation with automakers such as Tesla and () and maintained a "buy" rating.

　　Deepen the Tier0.5 cooperation model, and "Tesla+new domestic forces" continue to inject vitality into development.

　　The company implemented the "big customer" strategy to realize the transformation of the largest customer from SAIC-GM to Geely and then to Tesla, and the customer matrix continued to expand. The company is the core supplier of Tesla’s interior decoration, thermal management, lightweight chassis and other fields. In 2022, about 40% of its revenue will be contributed by Tesla. In addition to Tesla, the company also provides corresponding supporting facilities for Geely, BYD, Huawei and other independent brands. The company has cooperated with Geely for more than 10 years, supporting the extremely explosive model series, and growing together with the OEM. In terms of new forces, the company provides auxiliary frames, thermal management, chassis lightweight and other parts for the M5/M7/M9 series vehicles, and the demand for intelligent replacement of parts opens.

　　Chassis, thermal management to build growth momentum, force wire control, air suspension, robots, open the growth ceiling.

　　The company has a profound technical accumulation in the materials and technology of lightweight chassis, and has raised funds for three times to expand production and increase production capacity. Relying on the electronic control and precision manufacturing ability formed on the basis of IBS, the company has developed a thermal management system horizontally. The first generation products are supplied to Tesla in bulk, and the second generation products have been developed. The company simultaneously lays out One-Box and Two-Box products on the brake-by-wire system. Under the trend of intelligent driving, air suspension has gradually become the standard of high-end models. The company plans to invest 300 million yuan in the intelligent driving R&D center project, mainly to develop the steering-by-wire system and air suspension system. In addition, the robot linear actuator and rotary actuator developed by the company have been sent to customers many times, and it is planned to invest 5 billion yuan to build a production base for robot core components in Ningbo.

　　Risk warning: raw material price fluctuation, fierce competition in the industry, and the risk that the Mexican factory is not progressing as expected.

At the beginning of August, major car companies showed their sales transcripts of last month to show their achievements in the past month. Judging from their respective transcripts, most brands can show their growth performance year-on-year and month-on-month, and even some car companies have created the best monthly delivery results in history. Not much to say, let’s take a look.

BYD delivered 262,161 vehicles in July.

Tengshi automobile delivered 11,146 vehicles.

In the past July, BYD was undoubtedly the best performer, with the sales volume of 262,161 vehicles reaching a peak, up 61.3% year-on-year, and creating the best monthly achievement in history. However, this achievement can only last for one month, because next month, BYD will create new historical achievements.

Specifically, BYD Auto sold 249,959 vehicles in July, a year-on-year increase of 54.1%; Tengshi Automobile sold 11,146 vehicles in July, a record high, and sold more than 10,000 vehicles for five consecutive months, ranking first in the luxury MPV market with more than 300,000 vehicles for seven consecutive months. More importantly, the average transaction unit price of Tengshi Automobile is as high as 420,000 yuan. In addition, 18,169 vehicles were exported in July, and this year’s cumulative export was about 92,000 vehicles.

From January to July this year, BYD’s cumulative sales have exceeded 1.5 million vehicles, reaching 1,509,266 vehicles, which is 50% of the annual target of 3 million vehicles set at the beginning of this year. The remaining 50% will be completed in the last five months. Is it still possible? According to BYD’s development plan, there is still a possibility, because BYD Seal DM-i, Tengshi N8, Wangwang U8 and Equation Leopard 5 will be listed one after another in the second half of the year, and their popularity is very high, especially Seal DM-i, which can basically contribute more than 10,000 vehicles to BYD. Whether it can be broken or not, we will wait and see.

The sales of "Wei Xiaoli" all rose.

LI delivered 34,134 vehicles in July/Weilai Automobile delivered 20,462 vehicles in July/Xpeng Motors delivered 11,008 vehicles in July.

If BYD got the best report card, the "Wei Xiaoli" three companies stole the limelight. Even LI CEO Li Xiang said: Last week, three new forces from the Internet returned to the top three, and this trend is sustainable.

Among them, LI delivered 34,134 vehicles in July, up 227.5% year-on-year, and the delivery volume exceeded 30,000 vehicles for two consecutive months. In 2023, the cumulative delivery volume has reached 173,251 vehicles, firmly occupying the top spot of new power brands. LI sells so well, marketing promotion, market positioning and product strength are all in place.

Weilai Automobile delivered 20,462 new cars in July, up 103.6% year-on-year and 91.1% quarter-on-quarter, and created a new monthly delivery volume. Among them, the new ES6 contributed half, and its delivery volume exceeded 10,000 vehicles, making it the first model of Weilai to deliver more than 10,000 vehicles per month. In 2023, Weilai delivered a total of 75,023 new cars, with a cumulative delivery of 364,579 in history. Weilai’s sales soared in July, mainly due to the income from "price reduction" of 30 thousand, which is enough to show that any marketing strategy is not as real as price reduction.

Xpeng Motors delivered a total of 11,008 vehicles in July, up 28% from the previous month, achieving positive growth for six consecutive months and re-entering the new milestone of delivering 10,000 vehicles. Among them, Tucki G6, which was listed soon, delivered 3,900 vehicles, which is still half a month’s delivery. At present, Tucki has also reached a technical cooperation with Volkswagen, and the market volume has been significantly improved, which is expected in the future.

Gac ean delivered 45,025 vehicles in July.

Sales for three consecutive months exceeded 45,000 vehicles.

Since stepping into 2023, Guangzhou Automobile Ai ‘an, like a runaway wild horse, has seen a steady increase in sales. Only 8,206 vehicles were delivered in January this year, but the delivery in July has reached 45,025 vehicles, an increase of 80% year-on-year, with sales exceeding 45,000 vehicles for three consecutive months. From January to July this year, the cumulative sales volume was 254,361 vehicles, a year-on-year increase of 103%.

In addition, Haobo GT, the first mass production model of Haobo brand, delivered 2011 vehicles in the first month. For Ai ‘an, although many people’s impressions are still stuck in the online car, it is undeniable that the online car is synonymous with reliability, durability and high cost performance.

Wuling Binguo delivered 20,064 vehicles in July.

Bao Junyue also delivered 5,290 vehicles in July.

Wuling Binguo, which was listed in March this year, also showed its super strength. It delivered 7,756 vehicles in the first month and 16,383 vehicles in the next month, and began to emerge. In July, this figure exceeded 20,000 vehicles, reaching 20,064 vehicles, an increase of 4.95% from the previous month. Since its listing, Wuling Binguo has accumulated to 81,336 vehicles. Although the sales volume of Wuling Hongguang MINIEV is not as good as before, the arrival of Binguo has taken over the heavy responsibility of sales.

In addition, Bao Junyue also performed well. With a very off-road appearance, the sales volume in July reached 5,290 units. Since its listing on May 25 this year, the cumulative sales volume has reached 11,077 units. Today, with such a serious homogenization, Baojunyue is undoubtedly very different from other models, and it is this differentiation that brings more freshness and discussion.

Lantu Automobile delivered 3,412 vehicles in July.

Create the best result in history

Lantu Auto delivered 3,412 vehicles in July, creating the best monthly achievement in history, with a year-on-year increase of 90% and a quarter-on-quarter increase of 13%. At present, it has sold more than 3,000 vehicles for five consecutive months. With the launch of the new Lantu FREE, it will hit the monthly sales of 4,000 vehicles.

Zero-run cars delivered 14,335 vehicles in July.

Zero run C11 delivered over 9,200 vehicles.

Retail cars sold 14,335 vehicles in July, of which C-series vehicles accounted for 85%, exceeding 12,000 vehicles, and C11 vehicles delivered over 9,200 vehicles. They were obviously enthusiastically sought after by consumers, which may be called one hard work and two gains. However, the zero-run car doesn’t seem to be satisfied with this. On the eve of the release of the report card, the price of some models of the C11 and C01 zero-run car was lowered, with a maximum reduction of 20,000 yuan, once again assuming the title of "price butcher".

Krypton vehicles delivered 12,039 vehicles in July.

Also set a record high.

There is also a record high of Krypton vehicles, which delivered 12,039 vehicles in July, up 139.7% year-on-year and 13.4% quarter-on-quarter, and sold over 10,000 vehicles for two consecutive months. By the end of July, the cumulative delivery of Krypton vehicles was 132,620 vehicles, while achieving zero spontaneous combustion safety.

At present, there are three kinds of cars owned by Krypton, namely, medium and large car Krypton 001, medium and large MPV Krypton 009 and compact SUV Krypton X. Among many new brands, Krypton’s product layout is the most perfect, and cars, SUVs and MPV markets are all involved, and each product is different from the same level models, which can undoubtedly give Krypton a brand label.

Deep Blue delivered 13,172 vehicles in July.

Deep Blue S7 delivered 9197 vehicles in total.

Deep Blue Auto also performed brilliantly, with a total of 13,172 vehicles delivered in July, of which 9,197 vehicles were delivered by Deep Blue S7, and its starting price of 149,900 yuan was really lethal. In addition, after the deep blue SL03 discount, the starting price is only 149,900 yuan, and the cost performance is also full.

It is worth mentioning that according to the brand-new strategic plan released by Deep Blue Automobile, it will launch more than 2 new products every year, and launch more than 12 brand-new and redesigned models.

Geely Galaxy delivered 10,058 vehicles in July.

Refresh the monthly sales rate of China hybrid SUV market.

At present, Geely Yinhe Automobile, which has only one car, also broke through the 10,000-vehicle mark in July, reaching 10,058 vehicles, and this is the second month that Yinhe L7 went on the market, refreshing the monthly sales rate of China hybrid SUV market to break through 10,000, and at the same time, it also achieved a good result of 9,673 vehicles in the first month of listing. In addition, Geely also announced that its Galaxy L6 will be officially listed in September.

Nezha delivered 10,039 vehicles in July.

1382 vehicles were exported overseas.

Nezha delivered 10,039 vehicles in July, of which 1,382 were exported overseas. By July 2023, Nezha had delivered a total of 320,506 vehicles. At present, Nezha Automobile is the only brand of mass-produced sports cars among the new forces, and the sports car market is very small, and it has always been a representative of expensive and impractical in many people’s impressions. However, Nezha Automobile has resolutely chosen this road to provide consumers with more personalized and flamboyant choices, and at the same time, it can establish the brand label of sports.

Feifan Automobile delivered 2,060 vehicles in July.

The sales volume has exceeded 2,000 vehicles for three consecutive months.

Feifan Automobile from SAIC delivered 2,060 vehicles in July, and its sales exceeded 2,000 vehicles for three consecutive months. Personally, I’m not satisfied with this achievement, because when Feifan F7 was launched, it earned enough attention with the price of 229,000 yuan, and set off a craze on the Internet, which was called "the new generation of roll king" by many netizens. However, since it was listed for several months, the monthly delivery volume has been hovering around 2,000 vehicles, which obviously can’t match its sound volume at that time.

Zhiji LS7 delivered 1,572 vehicles in July.

Zhiji LS6 will be available soon.

Since the launch of the LS7 in February this year, the sales volume of Zhiji Automobile has gradually improved. In the latest July, Zhiji LS7 sold a total of 1,572 vehicles, and since its delivery in March, it has sold a total of 9,309 vehicles. At present, Zhiji LS6 will be listed soon, and its arrival is expected to help Zhiji’s monthly sales exceed 5,000 vehicles.

Extreme Fox delivered 1,826 vehicles in July.

Or it’s time to consider hybrid models.

Extreme Fox delivered 1,826 vehicles in July, with a cumulative delivery of 10,617 vehicles from January to July. At present, Extreme Fox owns medium and large-sized pure electric car Alfa S and medium-sized pure electric SUV Alfa T. The comprehensive product strength and price of the two cars are quite advantageous, but the disadvantages of only providing pure electricity are exposed, and the brand awareness is relatively general. Extreme Fox may consider launching a hybrid version.

Aouita Auto delivered 1,786 vehicles in July.

Aouita 12 will be listed soon.

Aouita Automobile delivered 1,786 vehicles in July, which is basically the same as that in the past few months. At present, it only owns a Aouita 11 car, with a starting price of 319,900 yuan. And another model, Aouita 12, is about to go on the market. This medium and large-sized car with the reputation of "domestic Porsche Panamera" is expected to help Aouita’s monthly car sales break through the 4,000 mark.

Skyworth delivered 3,452 vehicles in July.

974 vehicles were exported overseas

Skyworth delivered a total of 3,452 vehicles in July, including 974 vehicles exported overseas, up 151.42% year-on-year, and sold more than 3,000 vehicles for two consecutive months. At present, Skyworth Automobile has two passenger cars, Skyworth EV6 and Skyworth HT-i, which are on sale. They are both positioned as medium-sized SUVs equipped with BYD power system, with high cost performance, but their brand awareness is average. Most people’s impressions of Skyworth are still on TV, so we need to make some efforts in this regard.

Smart cars delivered 4,292 vehicles in July.

Mercedes-Benz design, Geely research and development.

Smart cars delivered 4,292 vehicles in July, an increase of about 12% from the previous month. From January to July this year, the cumulative sales volume was 27,702 vehicles, and since the start of delivery on September 23, 2008, the cumulative delivery has reached 37,044 vehicles. At present, smart has two SUVs, Genie #1 and Genie #3, whose designs come from Mercedes-Benz, while Geely is responsible for the engineering research and development of the whole vehicle.

Hechuang Automobile delivered 1,674 vehicles in July.

Hechuang V09 opens the reservation

Hechuang Automobile delivered 1,674 vehicles in July. At present, its models include compact SUV Hechuang Z03, medium-sized SUV Hechuang 007 and medium-sized car Hechuang A06. In addition, the pure electric MPV Hechuang V09 has started booking.

Wei brand cars delivered 6652 vehicles in July.

Gaoshan DHT-PHEV will be listed soon.

Wei brand automobile delivered 6,652 vehicles in July. At present, it has Latte DHT, Latte DHT-PHEV, Mocha DHT-PHEV and Blue Mountain DHT-PHEV, and its first MPV Alpine DHT-PHEV will be listed soon, and the sales volume is expected to go further.

Sailisi new energy vehicles delivered 6934 vehicles in July.

AITO asks M9 to be listed in the fourth quarter.

Sailisi new energy vehicles sold 6,934 vehicles in July, and this year’s cumulative sales reached 51,734 vehicles, most of which were contributed by AITO’s M5. In the fourth quarter of this year, AITO’s M9 is expected to go on the market and will be equipped with the newly upgraded HarmonyOS 4.0, which is praised by Yu Chengdong as "the best SUV within 10 million" and is expected to help Sailisi new energy vehicles achieve better results.

Buick’s pure electric family delivered 8692 vehicles in July.

Buick E5 and E4 performed well.

The pure electric family of Buick delivered 8,692 vehicles in July, and two new cars of Autoenergy platform contributed most of the sales, including 3,722 vehicles delivered by Buick ELECTRA E5 and 1,762 vehicles delivered by Buick ELECTRA E4 in the first month. And it is understood that the Buick ELECTRA E5 Avia four-wheel drive model is about to start delivery.

GAC Toyota delivered 71,343 vehicles in July.

Sales of flagship models accounted for over 44%

GAC Toyota sold 71,343 vehicles in July, of which Camry sold 17,613 vehicles in July, and the cumulative sales from January to July exceeded 120,000 vehicles; Highlander sold 7,378 vehicles in July, an increase of 8% from the previous month; Saina sold 7,049 vehicles, an increase of 21% from the previous month. In July, sales of Saina, Camry and Highlander accounted for 44.97%.

Although GAC Toyota’s achievements in the pure electric market are relatively average, it still exists as a king in the fuel and hybrid markets, and its market reputation and product quality are deeply rooted in the hearts of the people. At the same time, GAC Toyota also stressed that it will adhere to the all-round electrification strategy, accelerate the layout in the field of smart electric hybrid dual-engine, pure electric and hydrogen fuel cell technology, and continuously accelerate the iterative upgrade of product intelligent technology.

Recently, the interior of Equation Leopard was exposed. Regarding netizens’ guesses about the price, the sales said in the comment area: 389,800 to make friends. In terms of hardcore positioning and level, Equation Leopard 8 has a certain overlap with the brand-new one listed not long ago. As a reference, the price of the latter is 459,800.

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Specifically, the central control style of Equation Leopard 8 is basically the same as that of Equation Leopard 8. The center console is centered on three screens, and the 15.6-inch large screen in the center is suspended. The LCD instrument of the main driver and the entertainment screen of the co-driver are 12.3 inches, and it is equipped with an AR-HUD head-up display. Everyone is familiar with the lifting gear handle, steering wheel style and the position of wireless charging in the front row.

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The highlight is the seat layout. Equation Leopard 8 provides 6-seat and 7-seat styles. The second row of the 6-seat version has two independent seats, which support electric adjustment and cooperate with the flat floor. It is expected to provide good comfort. For the 7-seat model, after the co-pilot seat is put down, it can be used as a cushion in the back row to form a whole, which is convenient for the passengers on the right side of the back row to lie down, similar to the wonderful seat function on the Leopard 5.

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In addition, from the spy photos of the previous road test, Equation Leopard 8 is also equipped with a rooftop lidar, which is expected to provide a "Eye of the God" high-order intelligent driving system to support urban and high-speed NOA functions.

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In the power part, Equation Leopard 8 is equipped with a 2.0T hybrid system, in which the maximum power of the engine is 200KW, and the maximum power of the front and rear motors are 200KW and 300KW respectively. Equipped with body, three differential locks and Yunnian -P intelligent hydraulic body control system, it is expected to provide good off-road performance.

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Recently, hard-core SUVs are emerging markets in China, especially new energy vehicles equipped with plug-in hybrid power. For medium and large-scale vehicles, they have achieved certain sales results. The newly upgraded Prado has also returned to the domestic market, and the competition is still fierce. What do you think of the strength of Equation Leopard 8?

[Know the way of car products] Recently, I learned that the latest issue of the Ministry of Industry and Information Technology, official website, obtained a wave of new car declaration drawings (below). In the last issue, we took stock of several models to see if there are any models you care about.

Model 1: GAC Toyota Zhibo 3X

We obtained a set of 3X declaration drawings of GAC Toyota Zhibo from the Ministry of Industry and Information Technology. In terms of body size, the length, width and height are 4600/1850(1875)/1645mm respectively, and the wheelbase is 2765 mm.. In terms of power, it is equipped with a drive motor model TZ180XS135 produced by Suzhou Huichuan United Power System Co., Ltd., with a maximum power of 165kW, matching the lithium iron phosphate battery produced by Zhongchuang Singapore Airlines. In terms of intelligent driving, 27 sensing hardware, including 126-line laser radar, 11 high-definition cameras, 12 ultrasonic radars and 3 millimeter-wave radars, are equipped with NVIDIA Orin-X chips, and the maximum computing power can reach 254TOPS. Based on the Momenta 5.0 model algorithm, intelligent driving navigation, high-speed/city navigation and automatic parking can be realized in the whole scene.

Model 2: Zunjie S800

We obtained a set of declaration drawings and battery and battery life information from the Ministry of Industry and Information Technology. It is reported that in terms of body size, the length, width and height are 5480/2000/1536mm, respectively, and the wheelbase is 3370mm, which is located in a large car, and the new car is also equipped with multiple laser radars.

In terms of power, the vehicle is composed of a 1.5T range extender and a driving motor, and two versions of dual-motor four-wheel drive and three-motor four-wheel drive are provided. Among them, the 1.5T range extender is produced by Harbin Dongan Automobile Power Co., Ltd., with a maximum power of 115kW；; The maximum power of the front and rear drive motors of the dual-motor four-wheel drive version is 160kW and 230kW； respectively. The maximum power of the front motor of the three-motor four-wheel drive version is 160kW, and the maximum power of the two rear motors is 237.5kW. In terms of battery life, the S800 will be equipped with a ternary lithium battery pack with a capacity of 63.262kWh from Contemporary Amperex Technology Co., Limited. The dual-motor version of the Ministry of Industry and Information Technology has a pure battery life of 331km, and the comprehensive fuel consumption per 100 kilometers is 6.23 L in the state of power loss; The cruising range of the three-motor version of the Ministry of Industry and Information Technology is 272km, and the comprehensive fuel consumption per 100 kilometers in the state of power loss is 7.08L L.

Model 3: Chery Arrizo 8 C-DM

We obtained a set of Chery Arrizo 8 C-DM declaration drawings from the Ministry of Industry and Information Technology. In terms of design, the appearance of Arrizo 8 C-DM basically continues the design style of the Arrizo 8 fuel version on sale. In terms of body size, the length, width and height are 4780/1843/1487mm and the wheelbase is 2790mm respectively. In terms of power, it is equipped with a plug-in hybrid system consisting of a 1.5L naturally aspirated engine and a motor, in which the maximum power of the engine is 75kW, the declared comprehensive fuel consumption is 4.55L/100km, and the fuel consumption of feed is 1.88L/100km. The matching lithium iron phosphate battery manufacturer is Guoxuan Hi-Tech, with a capacity of 9.525kWh and a cruising range of 53km.

Model 4: Zero Run B10

We obtained a set of declaration drawings of B10, the first model of platform B, from the Ministry of Industry and Information Technology, based on LEAP3.5 architecture. In terms of body size, the length, width and height are 4515/1885/1655mm and the wheelbase is 2735mm respectively. In terms of power, a single motor is used to drive, providing 132kW and 160kW driving motors, but information about power performance and vehicle life has not been announced.

Model 5: hippocampus INJOY U

We obtained a set of declaration drawings of Haima INJOY U from the Ministry of Industry and Information Technology. In design, there is little difference between the new car and the concept model Haima EX00. In terms of body size, the length, width and height are 4500/1910/1835mm, and the wheelbase is 2850 mm. The new car is positioned as a compact MPV. The declared model is a 5-seat version, which will continue the 1+1+3 seat layout on the concept model. In terms of power, it is equipped with lithium iron phosphate battery and motor provided by Fisch Green Energy Technology (Beijing) Co., Ltd., with a maximum power of 120kW.

Model 6: the new Qichen big V DD-i super hybrid

We obtained a set of new Qichen V DD-i super hybrid declaration drawings from the Ministry of Industry and Information Technology. In design, the front of the car has changed obviously. In terms of body size, the length, width and height are 4620/1917/1629mm and the wheelbase is 2700mm respectively. In terms of power, it is equipped with a 1.5T plug-in hybrid power system, but the maximum power of the 1.5T engine is increased to 123kW. As for the power battery, lithium iron phosphate batteries with capacity of 10.6kWh or 21.1kWh can be selected, and the pure electric cruising range is 55km and 110km. Want to know more about new car information and car purchase market, please leave a message for interaction. (Photo: Source Ministry of Industry and Information Technology: Li Ling, who knows how to drive, arranges and edits)

　　As the second model of Star Road Star Era, Star Road Star Era ET has been recognized and favored by many consumers since it was pre-sold to the market. Moreover, at the time of listing, the manufacturer’s personnel conducted an endurance test on the extended-range model, and the result was actually 2141.1km, which is really beyond the reach of ordinary models. So how does this car perform? Today, we just test drive the Star Road Star Era ET to see what highlights it has besides excellent battery life.

　　Today, we test drive the extended-range version of Star Road Star Era ET, which will be equipped with a 1.5T turbocharged engine and Contemporary Amperex Technology Co., Limited’s 32kWh lithium iron phosphate battery, with a pure battery life of 200km and a comprehensive battery life of over 1500km under CLTC conditions. This battery life is only reported to the Ministry of Industry and Information Technology, and the actual battery life can already exceed 2000km. This wave of reverse virtual standards is simply too popular.

　　As an extended-range model, the engine only acts as a generator, so the whole car still feels like a pure tram. No matter which driving mode we use, the vehicle can give us a very strong sense of acceleration, and the throttle response speed is also very fast. You can feel the power output when you step on it, even when you accelerate in the middle and late stages, there is no feeling of dragging your feet.

　　The car we test-drive today is equipped with a front double wishbone independent suspension and a rear five-bar independent suspension, and is also equipped with CDC electromagnetic vibration reduction and air suspension. When driving on urban roads, the whole chassis will be tough, and when facing the bumps on the road, the whole chassis can be handled with ease. When passing the speed bump, the laser radar in front of the vehicle can scan in advance and adjust the suspension damping of the vehicle at millisecond speed, so as to pass the bump in the most comfortable way.

　　When driving on a highway section, the vehicle can also predict the road ahead in advance and adjust the suspension in time. In addition, when we brake suddenly or continuously, the vehicle will not nod. We can only feel some normal forward forces in the car, and the rest of the forces are dissolved by the suspension, which also avoids carsickness when driving a tram.

　　The car is equipped with an air suspension with 7-speed adjustable range of 100 mm. At the same time, when the speed of our car is constantly increasing, the air suspension will also be automatically fine-tuned to actively reduce the height of the car body, thus reducing energy consumption and improving the overall driving safety.

　　In terms of quietness, the vehicle not only uses a lot of sound insulation materials, but also the windows are equipped with 6mm double-layer laminated glass. At the same time, a more streamlined design is used, which also minimizes the generation of wind noise and tire noise. We can keep a very quiet environment in the car, even if the front and rear passengers chat, they don’t have to worry about being disturbed by noise.

　　Finally, let’s talk about the intelligent driving assistance system of this car. Star Road Star Era ET will be equipped with L2+ intelligent driving, including high-speed navigation assistance and urban navigation assistance. High-speed pilot assistance can realize autonomous entry and exit on the ramp on the elevated or high-speed, and at the same time, it also supports the functions of actively changing lanes to overtake, identifying speed limit, actively avoiding, etc. The overall recognition rate and response speed are also very fast.

　　Urban navigation assistance will cover urban main roads, auxiliary roads, branch roads, country roads, scenic roads, etc., and traffic lights can start themselves, change lanes, turn around, yield to vehicles, turn automatically, etc. At present, the number of cities assisted by urban navigation is increasing, and the factory staff also said that no map solution will be opened at the end of the year, thus covering more road scenes.

　　In terms of appearance, Star Road Star Era ET will use family-style design style, and the penetrating LED daytime running lights are very recognizable. The logo is not designed in the light strip, and there is no luminous design. The split headlight group is still very scientific and technological, and at the same time, it will be equipped with interactive lights on the high-profile models, where different lights can be displayed and the playability is still relatively high.

　　The new car will use a fully enclosed front bumper design, and both the pure electric model and the extended range model will maintain the same design style. This design can effectively reduce the wind resistance coefficient, and at the same time, an active air intake grille is designed under the front bumper. When air needs to enter, the grille can be automatically opened and closed when it is not needed, thus reducing the impact of wind resistance on battery life.

　　In terms of body size, the length, width and height of Starway are 4955x1975x1698mm, and the wheelbase is 3000mm, which is used to locate medium and large SUVs. The car will use an electric hidden door handle, and it will be matched with a multi-banner cyclone wheel hub with low wind resistance, and it will be matched with 255/50 R20 tires, so as to better reduce wind resistance and improve the cruising range of the car. In addition, the low-profile version will be equipped with 19-inch wheels, which will be matched with 255/55 R19 tires.

　　The design of the rear part is also very fashionable, including the use of a penetrating taillight group, which shows a double-layer style after lighting, and the overall recognition is still very high. The logo is also placed outside the light group, and it is worth mentioning that the electric switch of the tailgate is designed in the middle of the letter "D", which needs to be familiar when it is used for the first time.

　　In terms of interior, Star Road Star Era ET adopts a simple design style, which not only cancels the common physical buttons, but also is very elegant in terms of materials. The places that can be touched by hands are basically soft-packed, and the ceiling part is also very luxurious. The use of suede material is enough to show that this car’s understanding of the word luxury is still very clear.

　　The new car will use a two-spoke sports steering wheel, and the steering wheel is also designed with two rollers, which greatly improves the sense of science and technology. These two wheels can be customized, for example, the electric adjustment of rearview mirror can be set here, and the operation is still very simple and easy to understand.

　　Compared with the traditional LCD dashboard, the dashboard of Star Road Star Era ET is higher, which is also convenient for drivers to observe and will not be blocked by the steering wheel. In addition to the dashboard, the car is also equipped with HUD head-up display, which also has double insurance. When driving, the driver can see the driving information of the vehicle very clearly.

　　The 15.6-inch 2.5K central control screen will integrate more functions, including our usual online entertainment, OTA upgrade and mobile phone interconnection. At the same time, based on the smart home voice of Lion AI model, it can also realize 20 smart home scenes including car home interconnection, baby mode, pet mode and K-song mode. The UI design of the car machine system is also very humanized, and the overall induction is also very reasonable. With a little familiarity, you can easily grasp the location of each function.

　　The car adopts a gear shifting mode with a chest gear, so the position of the central passage is released to the greatest extent, which also creates a "star bar". We can control the forward and backward movement of the central passage through the button options on the screen, which not only expands the space, but also can easily and gracefully move to the other side when one side of the door is blocked.

　　The seat of Star Road Star Era ET is the biggest surprise for me. The front seats are equipped with electric adjustment, seat heating, ventilation, massage and other functions. At the same time, the co-pilot seat also has a one-button zero gravity mode, which instantly becomes a comfortable sofa. Moreover, in terms of materials, the seat is also made of Nuprima plush luxury leather fabric, which is not only comfortable to sit on, but also skin-friendly to the touch.

　　In addition to the front seat, the rear seat is also very comfortable, not only the ergonomics of the seat is more reasonable, but also the rear seat supports the electric adjustment of the front and back, so that every occupant can find their own comfortable sitting position.

　　Summary:

　　At present, the car has officially got on the bus, and the price range is 189.8-31.98 million yuan, and two models, pure electric version and extended range version, are provided. According to the information we have received from the manufacturers at present, the extended-range models will receive more attention. After all, the endurance performance over 2000km is very attractive. So what do you think of the performance of this car? Did the performance of the extended-range version make you feel excited?

speed up apply the brakes oil consumption second rice rise A beautiful counterattack and a comprehensive test of Audi A7 55TFSI. Evaluation editor:

If the previous generation Audi A7 stood in front of the elegant Mercedes-Benz CLS and didn’t have the full confidence to move its opponents, the situation of the new generation products is completely different. Frankly speaking, I think the upgrade of the new generation Mercedes-Benz CLS is a failure, not only the appearance has become ugly, but also there is only a 2.0T four-cylinder version. Let’s look at the competitor Audi A7. The cosmetic surgery is very successful. The most important thing is that all two models are 3.0T versions, and the CLS will be completely defeated by speeding up one item.

Evaluation editor:

What impressed me most about the new A7 is the powertrain of the whole vehicle. Compared with the 2.0T+48V of Mercedes-Benz CLS, the 3.0T+48V of the new Audi A7 is more sincere, and its power reserve is richer. The whole power output is quite smooth, which is comparable to many V8 engines. Moreover, with the help of a 48V motor, this engine has a faster response and is more fuel efficient. I really didn’t expect a car with an acceleration of 5 seconds in 100 kilometers to run 10L/100km in our fuel consumption test, which really achieved both fuel consumption and power.

Evaluation editor:

The innovation of the new generation Audi A7 from the inside out really makes our eyes shine, its appearance becomes more tough, and the interior is on par with the new generation Audi A8, adopting a brand-new family-style design language.

Recently, the import prospect of rapeseed in Canada may improve, and the supply of vegetable oil is worried about the expected decline. On Tuesday, the price of vegetable oil retreated before part of the increase, and the downward trend continued on Wednesday, driving the oil sector to fall collectively. Palm oil and soybean oil both fell more than 4% in intraday trading.

From a macro point of view, after Trump won the election, the US dollar index continued to strengthen, international commodities generally fell, and the rise of oil and fat trees in the forest attracted financial attention. With the palm oil price breaking through the 10,000-yuan mark, thanks to the fear of heights, today’s bulls have obviously reduced their positions, and they are temporarily treated as technical adjustments. In the follow-up, we need to pay attention to the sustainability of long-term lightening and whether there are short-term funds entering the market. Fundamentally speaking, at present, horse palm oil has entered the seasonal production reduction season, and the quotation of palm oil in the producing area is still relatively firm. The domestic palm oil import cost has exceeded 11,000 yuan, the cost support is still strong, and the probability of a big drop is low. However, the domestic rapeseed oil inventory is at a high level, and the current supply is loose. If Canadian rapeseed is successfully imported to Hong Kong in the future, the supply of rapeseed oil is likely to be sufficient at the time of contract delivery. Based on this, the strong and weak differentiation between oils and fats may continue in the short term, and soybean oil and vegetable oil may weaken, and palm oil will still be treated as strong after the correction and stabilization.

　　May 22nd is "International Biodiversity Day", and the natural ecological documentary "China Qinling: Memory of a Golden Monkey" jointly produced by Social Education Program Center of CCTV, French Third Perspective Production Company and China Radio, Film and Television Program Trading Center Co., Ltd. will be broadcast on CCTV Science and Education Channel at 20:10 on the same day. Through a golden monkey’s memory of his life, the film released the most authoritative research results on the life history of Sichuan golden monkey from China Northwest University to the world in the form of documentary for the first time, telling the story of China with the theme of "peace, friendship and mutual assistance" of China Qinling golden monkey and its reproduction, showing the achievements of ecological civilization construction in China and China wisdom of harmonious coexistence between man and nature.

Aspect 1:

Guided by authoritative experts, more than 30 years of scientific research achievements have been transformed.

　　There are five common golden monkeys: Sichuan golden monkey, Guizhou golden monkey, Yunnan golden monkey, Nujiang golden monkey and Vietnam golden monkey. The Qinling golden monkey, also known as Sichuan golden monkey Qinling subspecies, is full of golden hair with symbolic brilliance, lively, smart and gentle, and is listed as the "Four Treasures of Qinling" along with the giant panda, antelope and crested ibis.

　　The film invited an expert team led by Professor Li Baoguo and Professor Guo Songtao from the Golden Monkey Research Team of the School of Life Sciences of Northwest University as academic guidance. Professor Li Baoguo, known as the "Monkey King of Qinling Mountains", has been engaged in wildlife protection and behavioral ecology of primates in China for a long time. After more than 30 years of arduous field tracking and observation, the team successfully realized the accurate identification of AI "brushing face" of wild golden monkey individuals, and unveiled the mystery of the golden monkey social system.

　　The film systematically and deeply combs the scientific research achievements of Northwest University for more than 30 years, and is released to the world in the form of a documentary, which is scientific, interesting and artistic, and can be called a "master class of popular science" for international communication.

Aspect 2:

The top teams of China and France cooperate, and the two countries broadcast the same edition.

　　The film took three years to create and was jointly produced by the top documentary creation teams of China and France. Yan Dong, the general director of China, has been creating documentaries for 36 years, and his works such as We Walk on the Avenue, Dare to Teach the Sun and Moon to Change the Sky, and Piloting have won the Publicity Department of the Communist Party of China "Five One Project" Award for 10 times, and won many awards such as China News Award, Golden Eagle Award, Starlight Award, Golden panda award Award and Magnolia Award. The 3D film "National Pulse" won the international Lumiere Award. In 2019, the documentary "Fanjing Mountain", for which he was the chief producer, captured the unique 4K ultra-high-definition precious image of the golden monkey in the world for the first time.

　　France’s third perspective production company is one of the most important independent film and television production companies in France. French general director Basel Gerbert is a well-known French documentary director of natural ecology, and his work The Case of Beaver won the "Environmental Award" at the Bird Nature Festival held in Abbeville, France.

　　It is worth mentioning that He Hongmei, the news anchor, voiced a documentary for the first time. He kept improving, chose his words carefully, used his heart with emotion, and performed it in a pure and simple voice, which added a sense of substitution to this natural legend.

　　It is reported that after the first broadcast of the film at the general station, it will also land on French national television station 5 in the near future to realize the simultaneous broadcast of the same edition in the two countries.

Aspect 3:

The golden monkey tells the legend of his life, and peace and friendship are the themes.

　　No expert appeared in the film, but a golden monkey as the protagonist. In his later years, he reviewed and told the life course of his life. Personalized narrative, vivid and touching details and tender feelings guide the audience to better enter the world of golden monkeys.

　　The film integrates the most cutting-edge research results such as the organizational structure and social behavior of monkeys into the story. For example, in the golden monkey community, women’s "aunt behavior", unique social "grooming behavior" and "winter cheats" open the audience’s new understanding of the golden monkey.

　　The whole film comes to life in easy-to-understand language, highlighting that "peace, friendship and mutual assistance" is the theme of the golden monkey community. This is the secret of the survival, reproduction and vitality of the golden monkey population in Qinling Mountains, and it is also the spiritual code of Chinese civilization with a long history and endless life.

Aspect 4:

The image style is exquisite, and the Qinling Mountains are viewed from the concept of "big ecology"

　　The film is exquisite in style and full of emotional tension. The newborn golden monkey baby, photographed by 4K ultra-high-definition lens, was held in her arms by her mother, with wet hair on her small face and blinking eyes, which was warm and cute and unforgettable at first sight.

　　In the film, aerial photography and other means are widely used to get a panoramic view of the spring with flowers everywhere, the lush summer, the colorful autumn and the snowy winter. The exquisite composition and full picture quality lead the audience to see the beautiful China and the oriental charm, vividly showing the important ecological significance of the Qinling Mountains as a "north-south boundary", "biological gene bank" and "the backbone of China".

　　To the neighbors and friends of the golden monkey — — The film also depicts the flying squirrel, giant salamander (giant salamander), giant panda, etc. From an international perspective, it presents the achievements of ecological civilization construction in Qinling Mountains and China’s efforts to protect biodiversity and realize green and sustainable development by adhering to the concept of harmonious coexistence between man and nature.

Aspect 5:

"52 minutes feature film+more than 20 interesting short videos"

Fusion communication

　　In addition to the 52-minute feature film, more than 20 interesting short videos carefully created by the creative team are also being launched. Concentrate the essence of the film, express it with youthful creativity, further expand the knowledge and interesting content, and realize the fusion of popular science communication. Among them, "Shuang Bao Tea Party" was jointly created with the Panda Channel of CCTV, and the achievements of ecological protection in Qinling Mountains were demonstrated through the anthropomorphic dialogue between the giant panda and the golden monkey "Shuang Bao". In addition, on May 22nd, the International Biodiversity Day will be held to create an all-media action combining online and offline, hoping to arouse the interest of the broad audience in loving the environment and protecting animals.

Today, FM94.9 Wenzhou comprehensive broadcast "Health Guide" invited Pan Linling, a psychotherapist in the psychotherapy room of Wenzhou Seventh People’s Hospital, to talk about the "Capibala personality" that has attracted much attention now.

Pan linling

Pan Linling (right)

qualifications

Psychotherapist in psychotherapy room of Wenzhou No.7 People’s Hospital

External Lecturer in Applied Psychology, School of Psychiatry, Wenzhou Medical University

Wenzhou Longwan Middle School Student Mental Health Service Expert Mentor Group Mentor

Vice President of Psychology of Primary and Secondary Schools in Dongtou District, Wenzhou

Training experience

China Mental Health Association and the State Administration of Foreign Experts Affairs jointly organized the "Klein School Basic Theory and Treatment Practice Series Training";

Shanghai Mental Health Center, Frankfurt University Teaching Hospital (DCAP), Psychosomatic Medicine Committee of China Mental Health Association and Psychosomatic Medicine Branch of Chinese Medical Association jointly organized the "Sino-German Advanced Training Program on Psychosomatic Medicine";

Wang Haowei’s Training Project of Psychotherapy for Adolescents with Dynamic Orientation

consulting hours

Thursday morning

Good at areas and development direction

Good at children and adolescents’ learning and social difficulties, growth problems, such as: weariness of learning, academic pressure, test anxiety, behavioral problems, emotional problems, poor communication, bad interpersonal relationships and other psychological problems; Good at dealing with anxiety and compulsion of children and adolescents.

CAPYBARA

What are the characteristics of "Capibala personality"?

01

Capibala personality refers to a personality type with the characteristics of gentleness, indifference, constant daze, eating and sleeping, and liking sticking.

Features: first, strong affinity, do not care, do not fight for it. This trait is very consistent with the "agreeableness" in the big five personality of psychology. People with high agreeableness are very popular in the group because they have strong empathy, like to help others, have the ability to repair contradictions and conflicts in their relationships, and have good relations with people around them.

Second, peace of mind and emotional stability. People with such characteristics often have a strong sense of self-worth and psychological resilience, and their emotions are not easily influenced by the outside world, and they are not easy to collapse when they encounter problems. With such people, you will feel at ease and relaxed.

Third, allow everything to happen. In psychology, living in the present state is also called mindfulness. A person who is often in a state of mindfulness can perceive and accept his current emotional state without judgment, rarely entangle with the past or worry about the future, but concentrate more on the present moment and find the joy of life more easily. Anxiety, depression and stress levels will also be lower, and getting along with such people will make you feel that the world is beautiful and the future can be expected.

CAPYBARA

Who is suitable to use "Capibala personality" to balance their living conditions?

02

1. People with internal friction

They often over-analyze various situations, are prone to self-criticism, pay too much attention to self and self-worth, and have a strong tendency of introspection. This type of people are usually very demanding of themselves, and it is difficult to accept their imperfections and failures. They always want everything to be perfect and extremely suppress their emotions and needs.

2, often feel anxious and depressed.

People who are prone to anxiety or depression usually feel uneasy and lost inside. Compared with human beings who are often anxious, Capibala’s personality has the opposite attitude towards life. They are relaxed and free, and their attitude towards life is to enjoy the present, maintain peace and care for each other.

3. Low sense of self-worth and excessive concern for external evaluation.

Low sense of self-worth, manifested in vague self-cognition, lack of confidence in one’s own ability, lack of initiative to achieve goals, and inability to listen to one’s inner voice. In addition, people with low self-worth are often trapped by external evaluation. In some ways, Capibala’s attitude towards life actually emphasizes self-acceptance and attention to inner needs. Compared with external influences, they pay more attention to self-feeling and are more self-consistent.

CAPYBARA

How to have the core of emotional stability?

03

1. Relaxation training and mindfulness meditation.

The reason why many people are anxious and internal friction is that they live in fear of worrying about the future and can’t let go of past regrets. Relaxation training is widely used to reduce stress, improve attention and improve happiness. Relaxation or meditation for 5-10 minutes every day can effectively help us relax.

2. Passivity+shielding power = invincible life. Translation is what concerns me+what concerns you = years are quiet.

How to practice "shielding force";

(1) block all invalid people and information;

(2) shielding redundant external evaluation.

In short, "it’s your fault to look at anyone and anything that consumes you." You know, your experience and your happiness are the purpose of your coming into this world.

3. Practice "love yourself".

As mentioned earlier, capybara has a high sense of self-worth, and they live well in their own world. If conditions permit and do not harm others, eat what you want, play where you want, and do what you want. When we achieve one small goal after another and accumulate many small achievements, we can feel satisfied with ourselves and our lives and stimulate happiness. Even if we can’t live as freely as capybara, we should do our best to make ourselves happy and relaxed.

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◆ Author: Wu Siqian

Original title: "Capibala, the main one is emotional stability"

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