China Economic News Network (Xing Rui)On February 1st, Kia’s brand-new pure electric SUV EV5 720 was advanced, and the official suggested retail prices were: 720Air version 184,800 yuan, 720Land version 201,800 yuan, and 720Wave version 225,800 yuan.

Compared with the standard version, the EV5 long battery life version evolved to be "fully equipped", which not only has the only 720km long battery life in the 180,000-class pure electric market, but also adds a driver’s seat with zero-gravity pressure relief seat, UWB digital key and other comfortable, convenient and technological configurations. In addition, the long-life version also provides high-order intelligent driving assistance functions, and it is available with a full four-wheel drive version, which has achieved the leading comprehensive product strength at the same level.

Three electric systems: high efficiency and long battery life.

Endurance has always been one of the most concerned areas for users, and EV5 used this as a starting point to create a 720-long endurance version. This version is developed based on E-GMP platform, and has the advantages of high energy efficiency, reliability, battery safety, driving and control stability, etc.

The new car is equipped with an 88.1kWh battery pack and a high-power front motor with a maximum power of 160kW and a peak torque of 310 N m. The cruising range of CLTC is as high as 720 kilometers, and the charging time from 30% to 80% is only 27 minutes.

In order to meet the diversified needs of consumers, the EV5 720 long-life version also provides an optional package of e-AWD dual-motor four-wheel drive. The four-wheel drive version has a maximum power of 233kW, a peak torque of 480N·m, and a cruising range of CLTC of 630km, which is the best in its class.

In addition, the new car is equipped with a five-level adjustable intelligent kinetic energy recovery system, which can accelerate and decelerate with a single pedal in i-Pedal mode, and comes standard with an efficient heat pump system and a second-generation battery intelligent temperature control management system, which can effectively reduce power consumption and achieve longer battery life.

Intelligent cockpit: security guard, covering everything.

Safety is the most fundamental attribute of a car. With the leading safety standards of the same level, EV5 720 Long Life Edition focuses on the cabin environmental safety and the active and passive safety of the vehicle, and achieves all-round full-level safety protection without dead ends in visible and invisible places.

EV5 720 has a mother-infant intelligent cockpit. Based on the concept of sustainable development and care for human health, interior materials has adopted 10 health and environmental protection materials, including recycled polymer, benzene-free paint, bio-based polymer (sugarcane), bio-based synthetic leather (corn & soybean), recycled PET fabric, bio-based synthetic foam (vegetable oil), etc., which are unique in the same class, and are matched with air conditioning systems that support self-drying bacteriostasis and PM2.5 air purification.

In terms of vehicle safety, the EV5 720 long-life version comes standard with seven airbags (including the front middle airbag), and the body adopts a multi-frame structure, with high-strength steel accounting for 73.6%, ultra-high-strength steel accounting for nearly 50%, thermoformed steel accounting for 11%, and the average strength of the vehicle reaches 68Kgf/mm? .

The battery management of new cars also has high safety standards, and the battery structure protection design has been strengthened. At the same time, the second-generation battery intelligent temperature control management system can realize safety guarantee with 24-hour all-weather battery temperature monitoring, without fear of collision, wading and high temperature.

In terms of safety technology, the EV5 720 Long Life Edition is equipped with more practical L2+ intelligent driving assistance systems, such as Front Collision Avoidance Assistance II(FCA2) and Second Generation Highway Driving Assistance (HDA2), which focuses on a new experience of safe and convenient smart travel.

In addition, the EV5 720 Long Life Edition has also added higher-level intelligent driving assistance functions such as blind area collision prevention assistance (BCA), rear cross collision prevention assistance (RCCA), and safety exit assistance (SEA). At the same time, it is also equipped with the second-generation remote control intelligent parking assistance (RSPA2), which can meet the needs of intelligent parking in the whole scene.

Hyperspace: ever-changing and practical

Based on KIA’s R&D concepts of "Caring, Healing and Re-Charging", the EV5 720 long-life version takes care of the whole family’s travel around the three dimensions of driving, riding and storage, creating a highly flexible, convenient and practical ever-changing space, which is called the "space master" of compact SUV.

The EV5 720 long-life version has added a zero-gravity relaxing seat in the driver’s seat, which supports up to 14-way electric adjustment, one-button zero-gravity mode and 12 kinds of dynamic massage combinations, and has a first-class comfortable experience; The rear row comes standard with a 0 flat folding seat, which supports the multi-angle adjustment of the rear backrest, which can effectively relieve the discomfort of the driver’s back and spine. After being laid down, the trunk can reach a depth of 2 meters, with huge space and leading at the same level.

In terms of storage space, in addition to the unique space configuration at the same level, such as a 67L super-large front storage box, a 5.4L central drawer, and a multi-scene expansion table in the trunk, the Long Life Edition also provides a 4.0L central drawer-type cold and warm incubator, which supports the adjustment at 5~55℃, and can warm food, store iced drinks, and top up the travel happiness index. In addition, the new car has added a unique folding table on the right side of the back row, which can be used for placing tablets, children’s toys and other items, creating a truly changeable space suitable for the whole family to travel.

Leapfrog configuration: more is better.

Based on a deep insight into China users’ multi-trip scenarios, the EV5 720 Long Life Edition provides the richest technology configuration in its class. The new dynamic welcome function before and after LED, hidden electric door handle, and 64-color atmosphere light make the respectful experience and travel ceremony full; "Four-screen linkage" will make the immersive driving experience full.

The EV5 720 Long Life Edition applies Kia’s new generation ccNC intelligent internet entertainment system, which can support both CarLife and wireless CarPlay；. More than 30 practical apps developed in cooperation with Baidu and Tencent cover all aspects of entertainment and life services, and support remote upgrade of OTA vehicles. The convenient and fun travel experience is on the verge.

It is worth mentioning that the EV5 720 Long Life Edition is the first to apply the new technology of UWB digital key. Users can enter and leave the car without physical keys, remotely start and share keys, etc. With the intelligent induction electric tailgate, they can enter and leave the car without feeling and open the trunk with their mobile phones, enjoying a convenient and scientific travel experience.

In addition, KIA EV5 720 Long Life Edition still has two external power supply functions inside and outside the V2L car, which can meet the power supply needs of camping barbecue, hot pot or trunk market.

As KIA’s first intelligent pure electric vehicle launched in China and facing the world, the EV5 long battery life version has a long battery life of 720km, leading values such as changeable space, perfect safety and leapfrog configuration, and nearly ten unique leapfrog configurations at the same level. It can be said that it is a "changeable life intelligent cabin" with full value, performance and experience from the inside out.

It is understood that with the full battery life of the EV5 720 model, the EV5 GT-Line version will also debut in the second half of this year. In the future, Kia will firmly implement the strategy of "in China, for China" with the transformation of electrification as the core, adhere to the high-value product orientation and customer-oriented value orientation, and constantly bring unimaginable pure electric travel experience to China users.

On August 30th, 2024 Chengdu Auto Show officially kicked off. At the exhibition, we can also find that many new cars have appeared one after another, among which Equation Leopard 8 is also one of the products with high attention in the auto show. According to relevant data, this product is expected to be officially listed in the fourth quarter.

I believe everyone will be familiar with the appearance design of the new car. After all, the real picture of the car was published on the Internet early, and the new car also continued the design language of "Future Star Ship Aesthetics" of the equation Leopard family, and benefited from the 5195/1994/1875 (including the roof rack 1905)mm and the wheelbase of 2920 mm. Compared with the equation Leopard 5, the overall design of Leopard 8 has also become more.

In addition, it can be found from the exhibition car that the roof is also equipped with a lidar kit similar to looking up at U8. Not long ago, BYD’s brand Equation Leopard and Huawei officially signed a cooperation agreement in the field of intelligent driving in Shenzhen. This cooperation is based on the long-term strategic cooperation between the two groups, aiming at in-depth joint research and development of intelligent driving technology for Equation Leopard cars owned by BYD.

Equation Leopard 8 is also equipped with Huawei’s Gankun Intelligent Driving ADS 3.0 system. With Huawei’s blessing, it is also foreseeable that the new car will have excellent performance in intelligent driving in the future.

It’s a pity that this time Equation Leopard 8 didn’t open its interior, but the official interior map of the car has been published online before, which also adopts family-style design and provides 6-seat and 7-seat versions. However, as a flagship product, what we still need to pay attention to at this stage is the matching of materials in the car. According to BYD’s consistent style, the real car will meet us formally soon.

In terms of hardware, the car is also built on the DMO platform, and it can be found from its trailer that the new car will also be equipped with the Yunqi -P body control system. In addition, the new car will also be equipped with a 2.0T plug-in hybrid system, in which the maximum power of the engine is 200kW, and the power of the front and rear double motors is 200kW/300kW respectively, and it is equipped with a non-loaded body and three differential locks.

Write to the end

From its positioning, it can be found that Equation Leopard 8, as the future flagship of the brand, is definitely a strong player, especially after the blessing of Huawei’s intelligent driving system, which also makes the new car have stronger product competitiveness. In the domestic new energy automobile market, the mid-to-high-end new energy off-road vehicles mainly compete with Equation Leopard brand. From the perspective of body size and dynamic performance, Equation Leopard 8′ s main competitors should be tank brand’s 500 series and 700 series new energy vehicles.

Although cars can improve the convenience of people’s travel, safety is still an unavoidable topic. Therefore, many car companies have begun to upgrade the safety of their models. Of course, for consumers, a car with complete active and passive safety configurations will be more popular. The competition in the automobile market is still very fierce. What Xiaobian brings today is. The following small series will tell you in detail.

Let’s look at the appearance of Jetta VS5 first. The front design of Jetta VS5 looks more atmospheric, and the air intake grille has a three-piece design, which looks very angular. Coupled with headlights, it can win the love of young people. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4418 mm * 1841 mm * 1616 mm. The car adopts cold lines, and the side gives people a very fashionable and atmospheric feeling. With large-sized thick-walled tires, the shape is eye-catching. In the rear part, the overall shape of the rear part echoes the front face, and the taillights look simple and generous. Together with the hidden exhaust pipe, it is relatively simple in general.

Sitting in the car, the interior design took a fashionable and simple route, and the visual effect was good. The steering wheel design of the car is very cute, and it is equipped with functions such as manual steering wheel up and down+front and rear adjustment, which makes people fondle it. Let’s take a look at the central control. The design of the center console is reasonable, which makes the interior design quite layered and conforms to the temperament of the car. The dashboard and seats are equally eye-catching. The car is equipped with an avant-garde dashboard, which highlights the trendy temperament. The car adopts imitation leather seats, equipped with functions such as electric seat adjustment and seat proportion tilting, which further improves the comfort of drivers and passengers.

Jetta VS5 is matched with an automatic manual transmission (AT) gearbox, with a maximum power of 110KW and a maximum torque of 250N.m, and its power performance is good.

Jetta VS5 has a good performance in space, and the leg and head space are quite comfortable, which brings a better ride experience. In addition, the car is equipped with fatigue warning, anti-lock braking (ABS), LED daytime running lights, brake assist (EBA/BAS, etc.), brake force distribution (EBD) main driver airbag, co-pilot airbag, side airbag curtain, front side airbag and other safety configurations.

After reading this car, I believe you have a general understanding. This class of car is usually the first choice for most people. First of all, it is not expensive, and secondly, all the configurations are quite complete, which is still very worth starting with.

　　Wuzhen, Zhejiang Daily, November 10th On November 10th, the 2023 world internet conference Wuzhen Summit was closed. On the morning of the same day, the closing press conference released the results of the conference.

　　This year marks the tenth anniversary of Wuzhen Summit, which focuses on "Building an inclusive, inclusive and resilient digital world — — The theme of "Working Together to Build a Community of Cyberspace Destiny" was held online and offline, attracting more than 1,800 guests from 126 countries and regions around the world, and the number of countries reached a new high over the years. Participants focused on global development initiatives, digital green collaborative transformation, artificial intelligence and other issues in-depth exchanges, forming a broad consensus.

　　The "hard core" achievements were all unveiled.

　　As in previous years, the display of various achievements during the Wuzhen Summit is expected.

　　This year is the tenth year of the "Light of the Internet" Expo. More than 580 companies from 48 countries and regions participated in the exhibition online and offline, and the number of overseas exhibitors reached a record high. For the first time, the Expo set up a digital narrator in the development concept area, and launched special activities such as the Future Life Digital Experience Hall and the "Light Picking" commemoration, attracting many audiences to experience immersion.

　　The "Direct Access to Wuzhen" Global Internet Competition has been expanded to artificial intelligence, networked cars, digital ocean and sky, etc. A total of 1,005 projects from 23 countries at home and abroad participated in the competition, of which 81 projects competed fiercely in the final.

　　In addition, 13 "excellent cases of working together to build a community of cyberspace destiny" were released. From e-commerce to help Ethiopian farmers sell coffee to the world, to online classes to help young people in rural China start a new life for their families, 13 excellent cases show the positive response and profound practice of all parties to the idea of building a community of destiny in cyberspace from multiple perspectives.

　　During the Wuzhen Summit, important documents such as Cybersovereignty: Theory and Practice (Version 4.0), China Internet Development Report 2023 and World Internet Development Report 2023 were also released, which showed the important achievements of Internet development in the world and China in the past year.

　　It is worth mentioning that this year’s Wuzhen Summit achieved four "firsts" — —

　　Awarded the "Ten-Year Commemorative Honor" for the first time. On the occasion of the tenth anniversary of Wuzhen Summit, three honors, such as "sincere cooperator", "excellent organizer" and "special contributor", were awarded to relevant international and domestic organizations and leading figures, thanking them for their efforts in building international organizations for Wuzhen Summit and the conference;

　　The first World Internet Science and Technology Museum opened. The exhibition area of Wuzhen World Internet Science and Technology Museum is about 7,000 square meters, and six theme exhibition areas are set up to outline the development process and civilization of the Internet, present the latest technological achievements, and create a "Wuzhen Summit that never ends in 365 days";

　　The "Global Youth Leaders Program" was established for the first time. As a normalized brand activity established by international organizations, 18 outstanding young people in the global Internet field were selected for the first time, covering 14 countries and regions and covering 5 continents including Asia, Europe, Africa, North America and South America.

　　Awarded the "world internet conference Leading Science and Technology Award" for the first time. In order to build an innovative display platform for the world’s leading Internet scientific and technological achievements to a higher standard, this year, the conference will hold the world’s leading Internet scientific and technological achievements release activities for seven consecutive years, upgrade to the world internet conference Leading Science and Technology Award in an all-round way, and hold award ceremonies for 15 award-winning projects.

　　Organic integration of numbers and culture

　　For Zhejiang, this year is an extraordinary year.

　　In September, when the Supreme Leader visited Zhejiang, he stressed that it is necessary to "use the windows of Hangzhou Asian Games, Asian Paralympic Games and world internet conference to strengthen cultural exchanges and spread, and constantly enhance the cultural appeal of China and the influence of Chinese civilization." After the successful hosting of the Asian Games and the Asian Paralympic Games in Hangzhou, the Wuzhen Summit arrived as scheduled.

　　More than 90 countries and regions participated in this Wuzhen Summit offline, and friends from all countries reunited in Wuzhen after the epidemic and talked about the digital world together. In order to fully demonstrate the cultural charm, the conference was carefully designed in terms of activity setting, atmosphere creation, volunteer clothing, etc., and organically integrated into the provincial brand elements of "Poetry and Painting Jiangnan, Vibrant Zhejiang" to share Zhejiang’s historical and cultural heritage and social development momentum with guests.

　　At the same time, Wuzhen Summit will combine the real scene of Jiangnan water town with digital technology, hold the XR experience show of "Wuzhen Connected with New Life", and use Wuzhen and its surrounding rich historical and cultural resources to create nine interview lines such as "Dream Water Town" and "Crossing the Ancient Town", and launch the special dishes of "Hundred Counties and Thousand Bowls", so that guests can feel the different space of digital empowerment light and shadow art, appreciate the unique charm of Jiangnan water town and imagine the bright future of digital civilization.

　　The wisdom experience has been comprehensively improved. In the past ten years, from "a boat with a leaf" to "a huge ship breaking waves", Wuzhen Summit has become an experience window of cutting-edge technology and a stage for displaying trendy products.

　　For example, around the intelligent meeting and digital experience, optimize the "Wuzhen Summit One Stop" WeChat applet; Wuzhen atmospheric monitoring super station was built and activated; Enrich intelligent experience scenes such as meta-universe 3D printing and AI traditional Chinese medicine diagnosis and treatment; The newly-built "Future Land" Future Life Digital Experience Hall will allow visitors to experience the scientific and technological achievements such as future community, future travel and future learning by establishing their own "digital avatars".

　　Spillover effect continues to amplify.

　　In the past ten years, led by Wuzhen Summit, pilot tasks such as digital economy innovation and development pilot zone, industrial Internet national demonstration zone and digital village construction leading zone, as well as major projects such as "Wuzhen Light" supercomputer center and national Internet backbone direct connection point have successively settled in Zhejiang. Digitalization has become an important aspect of high-quality development and modern governance in Zhejiang.

　　For Tongxiang, the permanent venue of Wuzhen Summit, the number of digital economy enterprises in Tongxiang has increased tenfold in the past decade; The number of national high-tech enterprises increased from more than 40 to nearly 700, and the proportion of high-tech industries increased from 30.9% to 67.8%. The added value of the core manufacturing industry of the digital economy in the city has increased by more than 25% annually. The leading industries have changed from the "three silks and one spinning" of mulberry silk, chemical fiber silk, glass fiber silk and textile and clothing to the "three intelligences and one network" of smart cars, intelligent computing, intelligent sensing and industrial Internet.

　　As the largest and highest-standard sub-forum of this Wuzhen Summit, Zhejiang Sub-forum, with the theme of "Digital Economy Leading the Construction of Modern Industrial System", invited 15 academicians, experts and representatives of entrepreneurs in the digital economy field at home and abroad to discuss the new path of digital integration and industrial synergy, and seek new measures for the digital economy to lead high-quality development.

　　In addition, the three "permanent venues" featured activities were also brilliant and fruitful: at the digital economy industry cooperation conference, more than 70 projects were signed, with an amount exceeding 100 billion yuan; Building and Sharing Integrated Digital Civilization in the Yangtze River Delta — — At the Digital Yangtze River Delta Development Conference, the Yangtze River Delta cities initiated the establishment of the cooperation mechanism of "Yangtze River Delta Intelligent Industry committee of 100" and "Wuzhen Dialogue"; In the demonstration activities of digital empowerment and common prosperity demonstration zone construction, Zhejiang’s vivid picture of accelerating the construction of the national digital village leading zone and the all-round development of digital empowerment villages has won high recognition and wide attention.

　　It is reported that the five projects attracted by this summit have landed in Tongxiang, and the talent blind date will be held offline for the first time. More than 1,200 companies including IBM and Baidu have released more than 10,000 jobs to build a platform for direct dialogue and negotiation for people with lofty ideals and employers.

　　Know each other far and near, Wan Li is still a neighbor. Wuzhen, look forward to the next decade!

　　Source: Zhejiang Daily Author: Reporter Wang Yuhong Editor: Chen Zhouying

Text | Chedongxi　Janson

Editor | Zhihao

After holding Huawei’s thigh, Jianghuai began to take off.

Car news on November 12th, just now, JAC’s share price continued to soar, closing at 46 yuan, with a market value of 100.5 billion yuan. While standing at a market value of hundreds of billions, Jianghuai only took two months.

▲ JAC’s share price performance

According to the market value of domestic car companies today, JAC has become the ninth car company with market value in China, pushing its former partner Weilai Automobile.

In terms of absolute enterprise volume, JAC delivered a total of 592,500 new cars in 2023, ranking outside 20 among all domestic car companies.

Such market performance can not be separated from the cooperation between JAC and Huawei. The first million luxury cars jointly built by the two sides will soon land at the Guangzhou Auto Show.

A few days ago, Zunjie social media account officially landed on a short video platform, and in just two days, it "sucked" 21,000.

At present, on the Internet, the discussion about this car is also very hot, and Jianghuai has also received this pouring traffic.

As the finale of Huawei’s HarmonyOS Zhixing brand, Zunjie will be the most expensive model that Huawei has ever traded, and with the opening of Guangzhou Auto Show, the mystery of this brand will be gradually unveiled.

01. The share price of HarmonyOS Zhixing "Flying with Flying" Zunjie doubled in two months.

Jianghuai Automobile’s stock market performance yesterday was very strong, rising by 9.34% in one fell swoop, and its market value once exceeded 100 billion.

Just today, JAC’s share price didn’t fluctuate too much. As of the closing price of 46 yuan, its market value is still above 100 billion.

▲ Jianghuai Automobile’s share price "soared"

You know, two months ago, Jianghuai’s share price was lower than 23 yuan’s, and even after its listing in 2001, its share price remained between 10-20 yuan for a long time.

After 23 years of listing, with the continuous positive, Jianghuai Automobile has doubled its market value in the past two months, surpassing Weilai Automobile and ranking the ninth in the market value of domestic mainstream listed car companies.

▲ Market value of domestic mainstream listed car companies on November 12, 2024

However, judging from JAC’s latest three quarterly reports, its business performance does not match the current market value performance.

According to the financial report, Jianghuai Automobile achieved an operating income of 32.206 billion yuan in the first three quarters of 2024, down 5.06% year-on-year; The net profit returned to the mother was 625 million yuan, a year-on-year increase of 239.86%, but the non-net profit was-231.2 million yuan, a decrease from the same period last year, and no profit was realized.

▲ JAC Automobile’s Report for the Third Quarter of 2024

In terms of sales volume, JAC’s cumulative sales volume in the first ten months was 345,200 units, down 6.28% year-on-year.

You know, BYD sold 500,000 new cars in a single month in October this year. It can be said that the performance of Jianghuai Automobile is not even as much as that of BYD in a month.

Looking at last year, JAC only sold 592,500 new cars.

On the whole, the current business situation of Jianghuai Automobile is not very optimistic.

Just because of the enthusiasm of cooperation with Huawei, its performance in the capital market is uncharacteristic.

02. The secret of Zunjie is coming soon, and spy photos are frequently spread on the Internet.

Compared with the heat of the capital market, the people have also maintained a high degree of concern for the new car itself.

As early as the 2024 World Intelligent Networked Automobile Conference, Yu Chengdong revealed that the first car of Zunjie brand jointly built by Huawei and JAC Automobile will be unveiled on a small scale at the Guangzhou Auto Show, which opened on November 15th, and it is planned to be listed next spring.

▲ Zunjie car social media account

On November 10th, Zunjie Automobile opened an official account on the vibrato platform and was certified as "Huawei Terminal Co., Ltd.".

Although no works have been released, the account has attracted 21,000 fans in two days.

At the same time, the Logo of Zunjie brand also made its first public appearance.

MAEXTRO Zunjie, as the fourth smart car brand jointly built by Huawei and automobile companies, Yu Chengdong said in May this year that the products of Huawei and Jianghuai will be positioned as high-end luxury brands.

Zunjie’s new car will provide a higher-end, more luxurious and more comfortable driving experience compared with luxury brands such as Maibakh and Rolls-Royce.

At present, the network news about Zunjie is also very frequent.

▲ Suspected Zunjie shipped to Guangzhou Auto Show

A few days ago, there was a screenshot of the circle of friends of the official staff of Jianghuai passenger car, which showed the photos of Zunjie leaving for the Guangzhou Auto Show.

▲ Respect the boundary or adopt the lifting standard.

In addition, some media broke the news that when Huawei applied for a brand trademark for Zunjie, it also registered a standard modeling.

From the picture, it is a polygonal diamond cutting shape, paying tribute to "Rolls Royce".

▲ Zunjie is suspected to be equipped with rear wheel steering.

From the previous spy photos, although the camouflage is very thick, its slender body contour still reveals the typical executive-class sedan temperament.

According to the forecast, the size of the first car in Zunjie will reach D-class, with a slip-back shape at the rear and probably equipped with rear wheel steering function.

▲ Zunjie spy photos (side front)

Judging from the design of Zunjie’s front face, the new car is likely to adopt a closed grille, and the central government is expected to add a penetrating LED strip, which echoes the design of Huawei xPixel smart lights on both sides.

However, the first new car of Zunjie will not necessarily be a car.

Judging from the current news, there are also many news that the first new car in Zunjie will be MPV.

But no matter what model, I believe Huawei’s most advanced technology will be used.

It is reported that the new car will be equipped with a series of new technologies of Huawei, and it is also possible to launch Huawei Gankun ADS 4.0.

In addition, the new car will also be equipped with Huawei whale battery, intelligent electric drive DriveONE, air suspension and global 800V architecture.

As for which model is the first new car in Zunjie, it will be unveiled at Guangzhou Auto Show.

03. Conclusion: Huawei’s rims continue to be high-end.

At present, the small-scale revelation of Zunjie will be carried out at the Guangzhou Auto Show.

Zunjie, as the "fourth world" of HarmonyOS Zhixing, is at the highest level in brand positioning, and plans to launch MPV models.

It can be seen that the positioning of this brand is based on the luxury of the whole link.

However, it should be noted that consumers who buy luxury cars value not only the product strength of the models, but also the added value brought by the models and brands.

HarmonyOS Zhixing may still have some way to go at this point.

On December 9, in the passionate mountain city of Chongqing, Equation Leopard 8 was listed grandly, and its official guide price range was 379.8 ~ 407.8 thousand yuan. Equation Leopard 8 brings a brand-new choice to cross-country enthusiasts in Chongqing with its hard-core square box shape, luxurious cockpit design and fierce performance.

From the appearance, Equation Leopard adopts the iconic "square box" shape of a hard-core off-road vehicle, and the front part adopts a wide air intake grille, and the C-shaped groups on both sides bring a strong visual impact.

In addition, we can clearly see the three laser probes on the roof. In the era of intelligent driving, the equation Leopard 8 takes into account various usage scenarios.

On the side of the car body, Equation Leopard 8 brings hidden pedals, and the six-spoke wheel hub is the style that cross-country fans like at first glance. 275/50 R21 Michelin wide tires accelerated and started stronger. At the rear of the car, the giant "schoolbag" brought by equation Leopard 8 is more full visually. Side-opening tailgate with locking device.

Equation Leopard 8 provides six-seat and seven-seat layouts, and large space is its obvious advantage. When entering the car, we will first notice the large central control screen of the equation Leopard 8. In addition, the equation Leopard 8 also brings the exclusive entertainment screen to the co-driver, and the three-screen linkage can achieve a better entertainment experience.

On the rear and left and right sides of the gear handle, Equation Leopard 8 is provided with a wealth of physical keys. Users can directly switch the front and rear locks, power mode and driving mode according to different road conditions. Because the space is large enough, the seat length of equation Leopard 8 can bring good leg support. The front, middle and rear three rows of seats all support front and rear electric adjustment. It also supports one-button big bed room mode when driving by car.

In terms of power and intelligent driving, equation Leopard 8 brings a 6.0-liter power comparable to that of fuel with a longitudinal high-power engine and a longitudinal electric hybrid system. The DMO electric drive off-road platform leads the technological change with the new hybrid mechanism integrated with CTC battery chassis and the special hybrid architecture for off-road mainly based on electricity. The high-strength big frame and high-performance chassis can highlight the hard-core strength when dealing with extreme road conditions. The intelligent hydraulic body control system compatible with Yunxiao -P can adjust the body height according to the road conditions. DM-i fuel-saving gene is the ultimate fuel-saving.

Equation Leopard 8 was listed in the mountain city of Chongqing, which not only brought new off-road choices to consumers, but also demonstrated the brand’s innovative strength in the fields of intelligent driving and new energy technology. In this important and important background, Equation Leopard 8 once again surprised the audience with its unique appearance, luxurious cockpit design and powerful performance, and undoubtedly became a beautiful landscape.

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　　Using your own or someone else’s bank card to help fraudsters withdraw cash, and then transferring it to a designated location or handing it over to a designated person will not only be seriously investigated for legal responsibility, but also face serious financial punishment, telecommunication network punishment and credit punishment.

　　Recently, the police of Longquan Police Station of Taiyuan Public Security Wanbailin Branch got a clue at work that Xia Mou, a resident of the jurisdiction, was suspected of lending his bank card to telecommunication network fraudsters. Subsequently, the police launched an investigation around Xia and summoned him to the police station on November 25 after obtaining sufficient evidence. After review, on November 7, Xia lent his bank card to others for transfer, of which a sum of 68,700 yuan was defrauded by the victim Li. Fortunately, the anti-fraud police responded quickly and frozen their accounts in time. The police finally fined 1000 yuan for Xia.

　　Coincidentally. Gao, a man, gave his bank card to telecom network fraudsters in order not to get paid by 500 yuan, and transferred nearly 30,000 yuan from the victim. On November 18, Gao was arrested by the police station of Heping South Road of Wanbailin Public Security Bureau and the anti-fraud center, and was fined for detention.

　　Taiyuan Anti-fraud Center prompts:

　　In the case of "being cheated in cash withdrawal", the fraudsters first swindle the victims by swiping a single rebate, falsely investing in wealth management, pretending to be a public security law, etc. After defrauding their trust, they trick the victims into withdrawing large amounts of cash or buying gold, giving it to designated personnel or transporting it to designated places on the grounds of "paying handling fees", "paying unfrozen gold/deposit", "investing in shares" and "recharging the platform". The police reminded that this is a typical routine for fraudsters to commit fraud. Don’t be lucky, otherwise not only the money will be cheated, but also the fraudsters will be helped to complete the transfer of fraudulent money.

　　In the case of "cash withdrawal involved", fraudsters induced relevant personnel to withdraw cash for the transfer of stolen money with benefits, or induced the elderly and loan personnel to withdraw cash for the transfer of stolen money on the grounds of "receiving national poverty alleviation funds" and "flowing loan packaging". The police reminded that using their own or others’ bank cards to help fraudsters withdraw cash and then transferring them to designated locations or handing them over to designated personnel will not only be seriously investigated for legal responsibility, but also face serious financial punishment, telecommunication network punishment and credit punishment.

　　A few days ago, Chery Holding Group released its annual sales volume in 2023. In 2023, Chery Group achieved a "12-year increase" in sales volume, with a cumulative sales volume of 1,881,316 vehicles, a year-on-year increase of 52.6%. Among them, the sales volume in December 2023 was 215,690. The Group’s annual revenue exceeded 300 billion yuan for the first time, up more than 50% year-on-year, achieving a "great leap" of 100 billion yuan a year. The Group exported 937,148 cars a year, up 101.1% year-on-year, ranking first in the export of China brand passenger cars for 21 consecutive years. So far, Chery Group has accumulated more than 13 million global automobile users, including 3.35 million overseas users.

　　Among the main passenger car brands of the Group: Chery brand sold 1,341,261 vehicles in the whole year, up 47.6% year-on-year; The annual sales volume of Xingtu brand was 125,521 vehicles, a year-on-year increase of 134.9%; Jietu brand sold 315,167 vehicles throughout the year, up 75% year-on-year. ICAR 03, the first product of ICAR brand, started the global pre-sale on December 18th, and has received 10,000+orders by December 31st.

　　"Technology Chery" has accelerated its evolution and produced a series of breakthrough innovations. The world-class hybrid technology independently developed by Chery, Kunpeng Super Hybrid C-DM, has a series of excellent performances, such as the highest thermal efficiency is more than 44.5%, the fuel consumption per 100 kilometers is as low as 4.2L, the highest comprehensive cruising range is 1400+km, and the zero-speed acceleration is 4.26s.

　　Chery aims at continuous improvement in the fields of intelligence and industrial Internet. Robotaxi, a L4 high-order driverless network developed by "Dazhuo Intelligent", has achieved manned trial operation on open roads in Shanghai and Wuhu. "Lion Technology" realizes the comprehensive advancement of Lion.Data data intelligent platform, LION AI big model 2.0, LION OS and high computing power platform, leading the future travel of super smart technology.

　　The picture shows Chery Dazhuo intelligent Robotaxi test.

　　At J. D. In the "2023 China New Car Quality Report" released by Power, Chery ranks first among its own brands. Chery’s Asia-leading crash laboratory has carried out 532 vehicle crash tests with real knives and real guns in one year, setting a record high, and supported all brands of the Group to obtain "five-star safety evaluations" such as European E-NCAP, Australian A-NCAP and China C-NCAP. Among them, Chery’s representative model of internationalization won five stars in Europe’s E-NCAP(2022) and Australia’s A-NCAP(2023); PRO won Australia A-NCAP(2023) five stars. In order to get rid of users’ "electricity safety anxiety", Chery has improved its electricity safety protection from hardware facilities, safety protection, electricity safety and other aspects, and Xingtu has become the first vehicle in China to pass the "NESTA six-dimensional electricity safety" technical verification system for new energy vehicles in China Automobile Center.

　　The pace of "global Chery" is more steady, and the "circle of friends" of open cooperation is getting bigger and bigger. In the Top 50 Global Brands in China in 2023 jointly released by Google & Kaidu, Chery ranks first in the automobile category. In 2023, the export sales volume of Chery Group doubled compared with the previous year, and a large number of international cooperation projects are under negotiation.

　　In 2024, Chery Group will continue to take "much higher than the growth rate of the industry and achieve greater achievements than in 2023" as its annual business goal, and continue to adhere to the principle of brand orientation, market orientation, technology orientation to the future, and industry orientation to the whole value chain, so as to achieve a significant improvement in enterprise energy level, continuous improvement in operating quality, and accelerate the pace of becoming a world-class brand.

　　Data source: Ningxia Hui Autonomous Region Party Committee Organization Department Ningxia Hui Autonomous Region Statistics Bureau, Department of Ecology and Environment Basemap: Yinchuan section of the Yellow River in Ningxia. Xinhua News Agency reporter Wang Pengshe

　　In the Yellow River, the water nourishes the "south of the Yangtze River" — — Ningxia has made remarkable achievements in development.

　　Since the 18th National Congress of the Communist Party of China, the General Secretary of the Supreme Leader has visited Ningxia Hui Autonomous Region twice and delivered important speeches, giving important instructions on Ningxia’s work many times, which has pointed out the way forward and provided fundamental follow-up for building a beautiful new Ningxia. Bearing in mind that the General Secretary of the Supreme Leader has earnestly entrusted us, the broad masses of cadres and people in Ningxia are firmly committed to the top priority of development, persist in leading new development and achieving new leaps with new development concepts, and strive to write a magnificent chapter in building a beautiful new Ningxia in an all-round way.

　　Build a protective barrier to protect the ecology of the Yellow River Basin.

　　Walking in the ancient crossing of the Yellow River in the eastern suburb of Yinchuan, the rushing Yellow River flows slowly here. The clear river and the surrounding beautiful granges set each other off, the fish in the river play, and the river surface rises slightly … … The beautiful scenery in front of us attracted tourists to stop. "There are more fish and birds, and the environment is beautiful. Some tourists watch it by the river after eating." Xu Zongjin, head of a restaurant in Gudukou, told reporters.

　　On June 8, 2020, General Secretary of the Supreme Leader pointed out when inspecting the ecological management and protection of the Yellow River in Ningxia: "Ningxia should have the overall concept and responsibility, cherish the Yellow River more, take good care of it, adhere to comprehensive management, systematic management and source management, define the bottom line of the red line of the Yellow River protection, make overall plans to promote major projects such as dike construction, river regulation, beach management and ecological restoration, and keep the lifeline of improving the ecological environment."

　　Along the Yellow River nine provinces (regions), Ningxia is the only province that belongs to the Yellow River Basin. Since ancient times, it has been born, prospered and beautiful because of the Yellow River. Thanks to the kindness of the mother of the Yellow River, Ningxia enjoys the reputation of "being in the south of the Yangtze River" and "Ningxia in Huang Hefu". Ningxia always takes ensuring the long-term stability of the Yellow River as the top priority, completes the delineation of the red line of ecological protection, and implements the plan of "four waters and four determinations". In the past decade, it has invested more than 115 billion yuan in the Yellow River water treatment, realizing the comprehensive clearing of the inferior V water bodies and black and odorous water bodies in the region.

　　The flood control project has been built, with herringbone piles and T-shaped dams arranged neatly, like handfuls of huge combs, combing the shape of the Yellow River; Riverside Avenue has been built, with trees and flowers. The previous illegal buildings disappeared, and a new fitness center was built, which became a city scene.

　　"The river is clear, the scenery is beautiful, and we live a happy life by the Happiness River!" Ding Zihong, a villager from Qinbaguan Village, Jinji Town, Litong District, Wuzhong City, grew up by the Yellow River and has now become a "guardian" of the Yellow River — — Since 2019, he has been responsible for the environmental sanitation and cleaning of the Yellow River and the two sides of the ancient city bay for about 10 kilometers.

　　In recent years, Ningxia has completed the second-phase comprehensive flood control project in Ningxia section of the Yellow River, and the Yellow River protection system has been basically established. Flood control has realized the historical transformation from decentralized emergency prevention to comprehensive control, reaching the standard flood safety. Vigorously promote the comprehensive control of soil erosion, with a cumulative control area of 23,000 square kilometers, the sediment inflow into the Yellow River in the whole region has been reduced from 100 million tons to 20 million tons, and the Ningxia section of the Yellow River has maintained "Class II entry and Class II exit" for five consecutive years, contributing to the maintenance of the "health" of the Yellow River.

　　Today’s Helan Mountain, the mining area has been closed, the green has returned, and the mountain has returned to tranquility. Abandoned mines have been transformed into leisure parks, ecological orchards and other landscapes. In recent years, Ningxia has implemented the "Three Mountains Restoration" project of Helan Mountain, Liupanshan Mountain and Luoshan Mountain, and pressed the "fast forward button" for pollution prevention and control, and the green development has entered the "fast lane". The forest coverage rate has increased from 11.9% ten years ago to 16.9%, and the proportion of excellent air days in prefecture-level cities has remained above 80% for six consecutive years.

　　Promote the conversion of kinetic energy and improve the quality of economic development

　　Pressure control is very important in the process of natural gas transportation. "Our technology fills the gap in the key valves of the ultra-large-diameter pressure regulating device for long-distance pipelines in China." In the production workshop of Ningxia Wuzhong Instrument Company, the natural gas pipeline valve with a diameter of nearly one meter can accurately control the delivery pressure in milliseconds. The person in charge of the workshop told the reporter that the valve has been widely used in major transportation pipelines such as the West-East Gas Pipeline and the East China-Russia Natural Gas Pipeline.

　　Promote kinetic energy conversion and improve the quality of economic development. In Ningxia, the "silly and coarse" industry that used to emit black smoke and stink water is transforming into a green, low-carbon and efficient industry, and a number of emerging industries with growth potential and development vitality are rising rapidly. Modern coal chemical industry, new energy and new materials have a place in the country, and industries such as medlar, wine, milk and cultural tourism have enhanced the "face value" of Ningxia’s industrial structure.

　　Industrial upgrading, science and technology first. Driven by the cooperation between the east and the west of "supporting Ningxia through science and technology", Ningxia scientific research institutions have developed a complete set of technology for indirect coal liquefaction of 4 million tons/year and won the first prize of the National Science and Technology Progress Award.

　　Industrial development is equipped with "wings of science and technology", and Ningxia’s superior resources are rapidly transformed into development capital, which provides a powerful impetus for the conversion of old and new kinetic energy: through the development of deep processing of coal, the thermal power generation capacity has reached more than 150 billion kWh, and two major channels of "Ningdian into Shandong" and "Ningdian into Zhejiang" have been built; The installed capacity of new energy sources such as scenery water in Ningxia has reached 28.4 million kilowatts, ranking third in the country, and the green hydrogen production capacity is 7700 tons/year, the largest in the country. Around the new energy and new materials, a complete industrial chain and supporting manufacturing system of wind, light and electricity storage have been formed. The production capacity of single crystal silicon rods alone has reached nearly 100 GW, accounting for about 1/5 of the world. It is the first national comprehensive demonstration zone of new energy … …

　　From 2012 to 2021, Ningxia’s GDP grew at an average annual rate of 7.1%, and it took ten years to cross the three hundred billion yuan mark of 200 billion yuan, 300 billion yuan and 400 billion yuan. Recently, the State Council approved the implementation plan to support Ningxia to build a pioneering area for ecological protection and high-quality development in the Yellow River Basin. The superposition of these policies and measures has brought historical opportunities and strong support to Ningxia. With the east wind of policy, Ningxia actively strengthens cooperation with its brother provinces, combines the advantages of resources with the industrial advantages of developed regions, and expands the prospect of joint development between the east and the west.

　　Agricultural revitalization drives rural revitalization and further enhances the gold content of economic development. Ningxia has obvious geographical and climatic advantages, and the wine industry has an early layout and rapid development. 116 characteristic wineries have been built with an annual output of 130 million bottles. The output of Lycium barbarum accounts for 55% of the whole country, and the deep-processed products have been exported to more than 100 countries and regions. The number of dairy cows ranks sixth in China, the output of fresh milk ranks fifth in China, and dozens of indicators such as milk protein rate and milk fat rate rank among the best in China. At present, Ningxia is focusing on strengthening and improving the "six specialties" agricultural industry, building brands such as "China Wine Capital", "China High-end Milk Town" and the national production base of high-quality cold vegetables, and realizing the revitalization and upgrading of the agricultural industry.

　　Increase investment in people’s livelihood, national unity and common progress.

　　As soon as I entered Jin garden club, Litong District, Wuzhong City, I heard a burst of laughter. In the square of the community, resident Guo Shuling is taking several elder sisters and learning to dance the latest square dance. Next to it, Yang Jinkui of the Old People’s Calligraphy and Painting Association and several boys are about to set up a table and splash ink to prepare for the weekend activities. There are more than 6,000 Hui, Manchu, Tibetan and other ethnic minorities living in Jin garden club, accounting for nearly half of the permanent residents.

　　Ningxia is the largest Hui inhabited area in China, and there are Manchu, Mongolian, Zhuang and other ethnic minorities. Now all prefecture-level cities in the region have successfully established national demonstration cities of national unity and progress, and a number of national models of national unity and progress have emerged, such as Wang Lanhua. All ethnic groups are like one family, watching each other and helping each other.

　　The green radishes are piled up in baskets, and another basket is put on the truck. Zhang Juling, a villager in Maying Village, Jiqiang Town, Xiji County, Guyuan City, has been busy all morning, sweating but smiling: "The government has built asphalt roads for the village, and the traffic is convenient. Vegetables can be transported to other provinces for sale. The land is invested in the cooperative, and the family is also working in the cooperative. This year, the family can save another 30,000 to 50,000 yuan, and renovate the house at the end of the year before the New Year! "

　　In history, Xihaigu area was once synonymous with extreme poverty. Nowadays, modern agriculture is flourishing and infrastructure is developed in this area. New business entities such as cooperatives and large planters have promoted rural revitalization, and the per capita income has been continuously improved, completely throwing off the hat of absolute poverty. Since the 18th National Congress of the Communist Party of China, all 803,000 poor people in Ningxia have been lifted out of poverty, and all nine poverty-stricken counties have taken off their hats.

　　In 2022, Ningxia invested 2 billion yuan to support the development of advantageous industries with rural characteristics, and the proportion of rural revitalization funds used for industrial development was not less than 55%. We will support key counties in rural revitalization and concentrated resettlement areas for immigrants to develop industries with agricultural characteristics, and develop characteristic courtyard economy such as small planting, small breeding, small pastoral, small processing, small commerce and small lodging according to local conditions, so as to ensure that more than 40% of the income of people out of poverty comes from industries.

　　The building is neat and the streets are clean. Not far away is the home of Li Liu, a villager from Yuanlong Village, Suining Town, Yongning County, Yinchuan City. "The new house built by the government only cost less than 20,000 yuan." In September 2012, Liu Li’s family moved here from Xihaigu by relying on the poverty alleviation and relocation policy. At that time, the whole village had repaired the hardened road in Tongcun, and the renovated new house could be moved in directly. On the second day of his stay, Li Liu went to the town primary school one kilometer away to register his children. "This place has complete facilities and convenient life. If I had known it, I would have moved here sooner."

　　Back in the early 1990s, the land where Suining Town was located was still a wasteland, with no electricity, no roads and no decent infrastructure. People could only build simple adobe houses. With the promotion of cooperation and industrial development in Fujian and Ningxia, local ecological restoration, sand prevention and control, town and village greening, environmental management, etc. have been continuously carried out, and infrastructure and ecological environment have been continuously improved. During the "Thirteenth Five-Year Plan" period, Suining Town took the lead in realizing the hardening road for every village in Ningxia; The newly added green area is 11,270 mu, and the green coverage rate reaches 35%.

　　Today, the permanent population of Suining Town is close to 60,000. There are primary schools, clinics, cultural activity centers and people’s livelihood service halls in every village. More than 6,000 school-age children in the town are all enrolled nearby, and all tap water and natural gas are supplied to households. There are 25 buried sewage treatment stations in the town, with a domestic sewage treatment rate of 85% and a domestic garbage harmless treatment rate of 90%. Through the renovation of dilapidated houses and poverty alleviation, the villagers bid farewell to adobe houses and lived in brick houses.

　　In the past ten years, Ningxia has spent more than 75% of its financial resources on people’s livelihood, with a total expenditure of more than 930 billion yuan, which has become a number of practical and good things that benefit the people and the people. In the next five years, Ningxia will proceed from the reality of people’s livelihood work, focusing on the implementation of the "six major actions" of residents’ income, immigrants getting rich, education quality, health level, civilized accomplishment and urban and rural appearance, so that the broad masses of people can live a better quality and happier life.

　　Beijing, July 22nd (Reporter Qiu Yu), the client of Zhongxin. com, lasted only 259 days! Since its establishment was announced on November 5, 2018, the first batch of 25 companies in science and technology innovation board were listed on July 22, 2019, that is, science and technology innovation board shares can be officially traded.

　　Science and technology innovation board’s stock trading rules are quite different from the current A-share rules. Since there is no limit on the price increase and decrease in the first five trading days, how the intraday stock price will fluctuate has attracted much attention. So, how do individual investors participate in science and technology innovation board? What problems should we pay attention to?

　　How do individual investors participate?

　　If individual investors want to participate in science and technology innovation board stock exchange, there is a certain threshold, and they need to meet the following conditions:

　　The daily average assets in the securities account and capital account in the 20 trading days before the opening of the application authority are not less than RMB 500,000 (excluding the funds and securities that the investor has integrated through margin financing and securities lending); Participated in securities trading for more than 24 months.

　　In other words, you must have not only two years of experience in securities trading, but also at least 500,000 yuan in your account. The relevant person in charge of the Shanghai Stock Exchange said at the end of June that there are about 3.2 million investors who meet the requirements of appropriateness.

　　It doesn’t matter if the above conditions are not met. According to the Shanghai Stock Exchange, small and medium-sized investors who don’t meet the requirements of investor suitability can participate in science and technology innovation board through products such as Public Offering of Fund.

　　At present, Bosera Fund, Yin Hua Fund, Dacheng Fund, China Europe Fund, Caitong Fund, CICC Fund and other fund companies have launched science and technology innovation board-related theme funds.

　　How do individuals participate in innovation?

　　Playing new means that investors use funds to participate in the subscription of new shares. If they win the lottery, they will buy the shares that will be listed soon, mainly through online and offline channels.

　　Since the offline subscription object does not include individual investors, for ordinary individual investors, they can only participate in innovation through online subscription.

　　If you want to purchase online, the first step is to open the science and technology innovation board trading authority, that is, to meet the above conditions.

　　The second step is to meet the requirement of holding market value, that is, the total market value of the unrestricted A shares and unrestricted depositary receipts held by individual investors who participate in the subscription of new shares in science and technology innovation board is more than 10,000 yuan (including 10,000 yuan).

　　For example, if you have bought more than 10,000 yuan of Shanghai Pudong Development Bank (stock code: 600000.SH) shares in your stock account, and meet the above conditions for participating in science and technology innovation board, you can participate in the IPO in science and technology innovation board. Because the stock codes 601 and 600 start with the Shanghai Stock Exchange. The stock at the beginning of 000 is the main board stock of Shenzhen Stock Exchange; 002 starts with small and medium-sized stocks of Shenzhen Stock Exchange, and 300 starts with GEM stocks of Shenzhen Stock Exchange.

　　In addition, there is another way to invest in bank wealth management and fund participation in innovation. For example, at present, Bank of China, China Merchants Bank, Postal Savings Bank and other banks have launched science and technology innovation board-themed bank wealth management products, mainly by investing in innovative funds to indirectly participate in innovation in science and technology innovation board.

　　Are new shares "bought as earned"?

　　Many people think that buying new shares means earning, just like winning the lottery. The data shows that the number of investors participating in online innovation has exceeded 3.1 million. This means that almost all individual investors who have opened the trading authority in science and technology innovation board have participated in the innovation.

　　In fact, science and technology innovation board’s new shares are not cheap.

　　Price-earnings ratio (PE) is the ratio of stock price divided by earnings per share, and it is one of the most commonly used indicators to evaluate whether the stock price level is reasonable. Generally speaking, the higher the P/E ratio, the more overvalued the stock is.

　　The upper limit of 23 times P/E ratio has been cancelled in the issue price of science and technology innovation board shares, so the average P/E ratio obviously exceeds the overall level of A shares.

　　According to the statistics of Pacific Securities Research Report, the P/E ratio of 25 companies is between 18.86 and 170.75 times, with an average of 49.16 times and a median of 42.14 times.

　　Among them, the highest P/E ratio is Zhongwei Company, 170.75 times; The lowest is China’s through number, 18.8 times. The P/E ratios of China Tonghao, Wald, Tianyi Shangjia and Aerospace Hongtu are lower than the industry level, and the remaining 21 companies are all higher than the industry valuation.

　　Judging from the issue price, according to Wind data, the average issue price of the first batch of 25 new shares listed in science and technology innovation board is 29.20 yuan/share. As of July 15th, of the 87 A-share new shares issued this year, only 21 were issued at a price exceeding 29.20 yuan/share.

　　In addition, in terms of winning rate, the average winning rate of the first batch of 25 science and technology innovation board new shares is nearly 0.06%, which is higher than the overall level of A shares.

　　What problems should we pay attention to in trading?

　　Science and technology innovation board’s trading rules are different from the current rules of A shares.

　　First, the price rises and falls. There is no price limit in the first five trading days after the listing of science and technology innovation board stock, and a 20% price limit is set from the sixth trading day.

　　In the first five trading days, science and technology innovation board also set up a temporary suspension system. When the intraday share price rises or falls by 30% or 60% compared with the opening price for the first time, it will be suspended once respectively.

　　In this regard, some market analysts have warned that if there is no price increase or decrease, it is very likely that investors will be "hung at high altitude" after buying; The price limit of 20% is twice as large as the current limit of 10% A shares, and the trading risk is higher.

　　Secondly, the number of single declared shares in science and technology innovation board is different from the current 100 shares in A shares, and its starting number is 200 shares. Moreover, as long as each declaration exceeds 200 shares, it can be increased by 1 share, for example, 201 shares and 202 shares can be purchased.

　　Finally, it should be noted that science and technology innovation board has not introduced the T+0 trading system, but still adopts T+1. T+1 means that stocks bought on the same day cannot be sold on the same day, and cannot be sold until the next trading day.

　　The relevant person in charge of the China Securities Regulatory Commission said earlier that at this stage, China’s capital market is still immature, the proportion of small and medium-sized retail investors in the investor structure is relatively large, the characteristics of the unilateral market have not fundamentally changed, and the market monitoring means are still insufficient. Starting from maintaining the stable operation of the market and protecting the interests of small and medium-sized investors, science and technology innovation board has not introduced T+0 trading system yet.

　　What is the impact on the trend of A-share main board?

　　Essence Securities pointed out that assuming that the turnover rate of most companies in science and technology innovation board reached 89% on the first day of trading, it is estimated that the turnover of science and technology innovation board on the first day will be about 31.394 billion yuan (assuming that the average transaction price exceeds the issue price by 35%), then science and technology innovation board will account for about 6.56% of the total turnover of the two cities, with little liquidity impact.

　　Huatai Securities analyzed that science and technology innovation board’s influence on the liquidity of the A-share main board mainly has two aspects, namely, the bottom warehouse drainage effect and the diversion effect.

　　On the one hand, science and technology innovation board’s increase in stock supply has created a certain diversion pressure on the trading volume of the existing A-share sector, which is in the two stages of issuance and listing; On the other hand, participating in the subscription of science and technology innovation board new shares requires the market value of A-share bottom positions, which is expected to increase the allocation funds of existing sectors.

　　Regarding the "diversion pressure on the existing A-share sector", GF Securities believes that the diversion effect brought by science and technology innovation board is limited and controllable due to the comprehensive mechanism and volume factors.

　　From the mechanism point of view, the Growth Enterprise Market (GEM) adopted the new subscription of new shares in advance, and the first batch of frozen subscription funds reached one trillion yuan, while science and technology innovation board only adopted the market value placement method, which greatly weakened the diversion effect; In terms of volume, the financing scale of science and technology innovation board is expected to be 80 billion to 90 billion yuan in 2019, and the overall pace is controllable.

　　Li Chao, vice chairman of the China Securities Regulatory Commission, said earlier that science and technology innovation board has strict corresponding standards and procedures, which does not mean that anyone who wants to go public can go public. At the same time, science and technology innovation board pays attention to the market mechanism, which includes market constraints. As long as all parties in the market, including intermediaries, issuers, investors, and regulatory authorities, return to their posts and do their duty, I believe there will be no flooding in science and technology innovation board. (End)