Comments on the management of Demax’s board of directors in the first half of 2023

() The business review of the Board of Directors in the first half of 2023 is as follows:

  I. Main businesses of the Company during the reporting period

1, the development of the industry

The company’s industry is automobile parts and accessories manufacturing (C3660), which is greatly influenced by the automobile industry.

(1) Automobile production and sales maintain development resilience.

After the impact of the switch of promotion policies and the fluctuation of market prices in the first quarter, the domestic automobile market was driven by the central and local policies to promote consumption, the announcement on issues related to the implementation of the national six emission standards for automobiles, automobile marketing activities in many places, and the launch of a large number of new models by automobile companies. The semi-annual node impulse of superimposed automobile companies was relatively low compared with the same period in April and May of last year, and the market demand gradually recovered. In the first half of 2023, domestic automobile production and sales achieved a high growth. According to the statistics of China Automobile Industry Association, in the first half of 2023, domestic automobile production and sales totaled 13.248 million and 13.239 million, up 9.3% and 9.8% respectively.

Xu Haidong, deputy chief engineer of China Association of Automobile Manufacturers, said: "However, we should also see that the current external environment is still complicated, some structural problems are still outstanding, consumer demand is still insufficient, industry operation is still under great pressure, and there are still many challenges in business operation. It is necessary to maintain the stability and predictability of policies and help the industry run smoothly."

(2) China automobile industry has made new achievements, and opportunities and challenges coexist.

With the development of China market, China automobile industry has made continuous breakthroughs and made some achievements, but some difficulties, shortcomings and challenges have also been exposed in the development process. On the one hand, under the background of electrification, intelligence and digitalization, although the traditional competitive advantages of joint venture car companies still exist, their shortcomings are increasingly exposed, such as slow upgrading and low configuration compared with domestic car companies. According to the statistics of the Association, in the first half of 2023, the sales volume of some joint venture car companies in Chinese mainland declined collectively, while domestic independent brands rose rapidly, accounting for half of the country’s total. According to the list of Fortune Global 500 in 2023, according to the turnover, 24 car companies in the world were on the list, including 7 in China. According to the statistics of China Association of Automobile Manufacturers, the domestic vehicle exports reached 2.14 million, up 75.7% year-on-year. New energy vehicles exported 534,000 vehicles, up 1.6 times year-on-year. Japan Automobile Manufacturers Association announced that Japanese automobile exports in the same period were 2.02 million vehicles, and China’s automobile exports surpassed Japan for the first time in the first half of the year to become the world’s largest automobile exporter. According to the data of the National Bureau of Statistics, the investment in automobile manufacturing industry increased by 20% year-on-year in the first half of 2023, which was higher than the national fixed assets investment of 16.2%, indicating the future development potential of China automobile industry. On the other hand, in recent years, due to many factors, such as lack of core and expensive electricity, rising raw material prices, unbalanced profits in the industrial chain, withdrawal of subsidies and intensified competition, some domestic auto companies continue to lose money, and the profitability of enterprises has become the core problem for the sustainable development of China’s auto industry. The world situation is accelerating,Facing the complicated international environment and the development of domestic economic upgrading, China’s automobile industry has also put forward new requirements for transformation and upgrading, cost control and brand promotion. Traditional automobile giants have intensively announced electrification strategies and participated in competition, and the development of China’s automobile industry is facing new challenges.

2. Main business of the company

Demais is a high-tech enterprise with innovative ability, which focuses on the research and development, production and sales of precision shafts and precision cutting parts, and is committed to providing customers with high-quality products and integrated services throughout the process. The company’s main products are precision shafts and precision cutting parts, which are used in the window system, power system, body and chassis system of automobiles. In addition, some products are industrial precision parts, and "multi-variety, non-standard and customization" is the main feature of the company’s products. During the reporting period, the company’s main business has not changed.

3. Business model

The company adopts the business model of "fixed production by sales" and has an independent and complete procurement, production and sales system. After years of development, it has formed a complete and efficient model of raw material procurement, product production, new product development and sales.

4. Market position

As a leading enterprise in the market segment of precision shafts and precision cutting parts in China, Demax has actively digested and absorbed leading manufacturing technologies and processes at home and abroad, introduced advanced production equipment from abroad, and cooperated with universities in Industry-University-Research in many fields, thus meeting customers’ demands for high quality, short delivery time and multiple models. Demax has always paid attention to management, innovation and sustainable development, with a wide range of products, stable quality and strong supply capacity, and has continuously increased the proportion of new energy automobile parts. It has passed the certification of IATF16949 quality management system, ISO9001 quality management system, ISO14001 environmental management system and GB/T29490-2013 intellectual property management system. Demax adheres to the fine tradition of "concentration, professionalism and dedication", and has accumulated a series of core technologies through long-term independent research and development, covering the whole production process of major products. The core technology level is in the forefront of the industry, and the patents cover the fields of process development, technology development and equipment development. As of the disclosure date of this report, the company and its subsidiaries have 47 invention patents and 33 utility model patents.

Demax has established strategic cooperative relations with many world-renowned first-class supporting suppliers of large multinational auto parts. Over the years, we have obtained Bosch, Toyota, DENSO, Aisin Seiki, Valeo, borgwarner, mahle, Marelli, Fully recognized by world-renowned auto parts suppliers such as Vitesco Technologies, Schaeffler and Johnson Electric, among the top ten global auto parts suppliers in 2023, four chose to cooperate with Demais. Demax has strong market competitiveness and brand awareness in the field of precision shaft and precision cutting parts manufacturing, and has been rated as the fourth batch of national service-oriented manufacturing demonstration enterprises, national intellectual property demonstration enterprises and intelligent factories in Liaoning Province, and won the title of "Little Giant" in the second batch of national specialization and novelty. The company’s technology center has been awarded as Dalian municipal enterprise technology center and Liaoning provincial enterprise technology center, the company’s precision shaft advanced manufacturing engineering research center has been awarded as Dalian municipal engineering research center, and the company’s trademark has been awarded as a well-known trademark in China.

5. Performance drivers

(1) Industry prosperity

The company’s industry is auto parts and accessories manufacturing, and the industry prosperity is an important factor driving the company’s performance. The high industry prosperity and strong supply and demand can effectively promote the company’s performance. At present, the automobile and its parts industry is still the global industrial base. With the continuous improvement of the penetration rate of new energy vehicles, the competitiveness of China’s automobile industry chain has been continuously enhanced, and the industry will still maintain a high prosperity.

(2) Technology research and development

Technical progress is an indispensable performance driver for manufacturing enterprises. Demax has always paid attention to R&D and technical investment, and has always maintained a leading position in the industry. Patented technology covers the whole process of the company. In addition, the company also has a number of non-patented core technologies. In recent years, the company has continuously strengthened the construction of digitalization and intelligence, effectively improved the level of production technology and intelligence, and cooperated with relevant universities and enterprises to create "Smart Demeishi". Excellent technology is the guarantee of Demax’s good performance and the cornerstone of Demax’s rapid development in the future.

(3) Management level

Management progress is the key factor driving enterprise performance. Scientific management can effectively improve work efficiency, reduce costs, enhance enterprise cohesion, establish a good corporate image, win wide praise from customers and suppliers, and help companies seize the opportunity of industrial development, thus effectively improving business performance. Demais has continuously improved its management level, continuously improved its organization, system and system construction, and has a smooth work, with a number of provincial and municipal management progress achievements. Demais pays attention to continuous learning, introduces "amoeba management mode", summarizes advanced management knowledge and experience, strengthens talent echelon construction, develops ERP system, and strengthens digital construction to serve enterprise management decision-making. With the development of the company’s digital management platform, the company’s management level will be improved by leaps and bounds, thus promoting the high-quality and sustainable development of enterprises.

6. Operation during the reporting period

(1) Market and product development

During the reporting period, Demais dug deep into customer demand, tapped market potential, and actively explored new customers and new products. The sales revenue of Mitsubishi, stoba and Hangzhou Xinjian Electromechanical Transmission Co., Ltd. increased by 11.72%, 165.21% and 1,977.77% respectively. New orders in hand were 206.56 million yuan, of which 70.54 million yuan was used for new energy vehicle projects, accounting for 36.33%. At present, DeMashi has become Bosch, Schaeffler, Aisin Seiki, borgwarner, Marelli, Toyota Loom, Vitesco Technologies, Johnson Electric, Wandu Bose, LG, UMC, Honeycomb, Weishi Energy, Shenzhen Zhaowei, STABILUS and other customers provide spare parts related to new energy vehicles. According to the company’s understanding, the end users of new energy vehicle products include Tesla, (), Volkswagen, Toyota, Honda, Ideality, Weilai, Tucki, Xiaomi, Chang ‘an, Geely, Chery, Wuling Automobile and Wenjie Automobile.

During the reporting period, a) more than 50 mass-produced products were added, including 13 products for new energy vehicles, 9 products for automobile platforms and 2 products for non-automobile industries; Many new energy automobile products are finally used in LI and Xpeng Motors; One directional screw was finally used in Xiaomi car; Two wiper shafts are used in Chang ‘an pure electric vehicles; A hydrogen energy fuel cell air compressor part was used in Bosch hydrogen energy fuel cell electronic air compressor, and finally used in hydrogen energy commercial vehicles. During the reporting period, it was mass-produced with a contract value of about 7.6 million yuan.

B) 46 designated products were added, of which 2 electric vehicle axles were used in the second generation electric drive system of electric vehicles; A high-pressure pump device was finally used in SAIC-GM-Wuling plug-in hybrid vehicle; A high-pressure pump and plunger are finally used in the most advanced fuel injection system project of Changan Automobile Platform. A variety of brake system shafts are used in the 4th generation fully integrated pure electric vehicle drive platform project of Vitesco Technologies.

Among non-auto parts products, three types of pins are used in robot reducers; One motor shaft is used in high-end medical electric sickbed; The end users of various laser radar-driven motor shafts include Weilai Automobile, Xpeng Motors, etc. All the above products are in the fixed-point stage.

(2) Technology and process development

During the reporting period, the R&D expenditure was RMB16,497,700, up by 50.71% year-on-year, and the main achievements were as follows:

A) Automobile electronic power steering torsion bar: The torsion bar is one of the important parts of the automobile steering system, which is responsible for transmitting the steering torque and requires high product strength. By using quenched and tempered raw materials (heat treatment process), scientifically selecting cutting tools, optimizing machining parameters of machine tools, and adopting specific processes, Demais has finished product processing in hard material state, and successfully conquered shot blasting process (a surface treatment process).

B) Hollow drive shaft of new energy electric vehicle: this product is the core component of the motor system of new energy electric vehicle. This product is a hollow spline shaft with many processing elements, complex shape and high precision requirements, which requires high-precision processing technologies such as gear shaping, carburizing heat treatment, finishing after heat treatment and cylindrical grinding. Demais has carried out special research and tackled technical problems through equipment selection, fixture design, cutting tools and optimization of machining parameters of machine tools, which has met the needs of customers and been recognized by customers, and is currently in the fixed-point stage.

C) Direction adjusting lead screw: This product is the key part of electric adjustment of automobile steering wheel. By combining the experience of the original lead screw product and through a series of process research and development, Demax Inter-departmental Team has successfully solved the burr problem caused by intermittent cutting of product threads, and successfully developed the high-precision cross-rolling forming technology. At present, the project has passed the customer’s review.

D) New wiper shaft: This wiper shaft has a unique straight step design and fixed number of teeth, which puts forward higher requirements for machining accuracy.

Demax Technology Department has carried out special research, successfully completed product development and met customer technical standards through a series of process development and design of special tooling.

E) Gearbox mechanism shaft: This product is used in automobile gearbox mechanism. By optimizing the parameters of high-end CNC lathe and improving its own processing technology and fixture design, Demais has met the requirements of high-precision diameter, shape and position tolerance and roughness.

F) Electronic handbrake brake screw: This product is one of the important components in the automobile braking system, and it is responsible for transmitting the braking signal to make the automobile braking system generate braking force. Demais solved the problem of high-precision screw processing through technical research; According to the characteristics of screw rod, a special fixture was designed to solve the problem of long step machining of screw rod, and the product was recognized by customers.

G) Further improvement of equipment automation level: During the reporting period, the engineering R&D department of the company gave full play to the role of equipment by rationally allocating and transforming equipment and setting up automatic production lines, so as to achieve the effects of process connection, further reducing comprehensive cost and improving production efficiency, and completed the design and transformation of more than 50 equipment in 18 projects, including automatic loading and unloading, online detection, online compensation, automatic production line and single machine automation (including projects under installation and debugging), among which automatic full inspection machines were successfully developed. Through the projection image measurement technology, the equipment can automatically identify the product direction and automatically separate the defective products, which can further save the labor cost of the company’s product inspection and improve the product inspection efficiency.

(3) Production and quality control

During the reporting period, the company took the following measures to further promote lean production level, reduce costs and increase efficiency, and improve production efficiency:

A) Multi-dimensional deepening of quality improvement and cost reduction achievements

During the reporting period, the cost control center set up a number of project teams, among which the informatization team used the company’s digital platform to provide system and big data support, and the production department, technical department, quality department and other relevant departments worked together to set core indicators for key products, effectively improving production efficiency and product qualification rate by optimizing production rhythm, improving processing technology, optimizing machine accessories, introducing automation transformation and special technical training, and successfully improving the qualification rate of more than 40 key products; The Planning Department optimizes the existing cost analysis mode, and further strengthens the cost control through target decomposition, supplier assessment, supplier direct supply/substitution, etc. Among them, the cost control of auxiliary materials for tools and drills has achieved certain results, and the supplier management has achieved remarkable results.

B) optimize the management mode.

In June, 2023, the company introduced the "Amoeba Management Mode", in order to improve the overall efficiency by optimizing business processes, redefining responsibilities and rights after combing production workshop processes, giving full play to employees’ subjective initiative, stimulating employees’ teamwork ability and innovative spirit, further comprehensively reducing and optimizing operating costs.

C) Take measures to improve production efficiency.

During the reporting period, the production capacity of key products was improved, the process was optimized, the quality was improved and the cost was reduced through measures such as debugging and processing of key processes by special personnel; Set up a sample center and an inter-departmental team to improve the efficiency of production organization by scientifically arranging pre-investment and delivery plans and optimizing production rhythm based on product characteristics and technology; Improve the layout of multiple workshops and comprehensively improve the efficiency of production and operation.

(4) Smart factories

A) digital platform project

The company accelerates the construction of digital platform and builds a smart factory with high efficiency, high quality and low operating cost. The company cooperates with the Artificial Intelligence Research Institute of Dalian University of Technology and Dalian Angel Technology Co., Ltd. to design and develop a brand-new digital platform. The digital platform adopts the development mode of pilot follow-up, iterative development, summary and improvement, and comprehensive roll-out, so as to create a digital platform with the mode of inheritance, sustainable development and testing while developing, fully digitize the company’s business processes, make management transparent, digital and visual, and facilitate the management team to control the overall situation and formulate corresponding solutions anytime and anywhere; Let employees clearly understand their daily work tasks, and the work results are more intuitive; Let the relevant parties of the company know the business progress with Demex in a timely and convenient way.

During the reporting period, Demax completed the sorting and optimization of the overall business process of the digital platform system, established a more comprehensive information and data association, optimized the operation convenience of the business process on the digital platform, and provided more flexible data query and other functions; Discuss and cooperate with operators to build a 5G private network scheme to ensure the stability and responsiveness of the internal basic network environment after the company builds a digital platform; The data acquisition project has completed the investigation of more than ten data acquisition service providers, and explored the data acquisition scheme suitable for the company. At present, it has entered the stage of scheme review and on-site trial mining, and built the company’s Internet of Things platform to further improve the intelligent manufacturing level of enterprises. In view of the fact that there is no mature intelligent scheduling solution for discrete manufacturing enterprises in China at present, Demais decided to design the intelligent scheduling solution independently and complete the scheme development work together with the software company, and has initially completed the scheme framework design.

B) intelligent warehousing project

The company has established an intelligent storage system, which uses intelligent vision recognition forklift and narrow lane three-way unmanned forklift to complete the tasks of product connection, handling, entry and exit, and introduces the dispatching system and warehouse management system of unmanned forklift. During the reporting period, after more than half a year’s trial operation, the intelligent warehousing system has continuously optimized the working logic and the forking action of the unmanned forklift, effectively improving the operating efficiency of the system. At present, the overall operation of the project is in good condition.

(5) Strengthen the construction of internal control system and the management of investor relations.

A) The company continuously promotes enterprises in accordance with the regulatory laws, regulations and systems of China Securities Regulatory Commission and Shenzhen Stock Exchange on the standardized operation of listed companies.

Industry governance ability, improve the company’s various rules and regulations and internal control system, strive to build a more scientific, efficient and reasonable management decision-making system, improve the internal control system, and strengthen the company’s organizational management ability.

During the reporting period, according to the latest requirements of the regulatory authorities and the changes in the actual situation of the company, the company further improved the internal control system, formulated the Management System for Share Repurchase, the Internal Control and Information Disclosure System for Derivatives Investment, the File Management System for Investor Relations, the Management System for Submission and Use of External Information, and revised the Accountability System for Major Errors in Information Disclosure of Annual Reports, the Work System for Independent Directors and the Management System for Directors, Supervisors and Senior Managers Holding Company Shares and Their Changes. Continue to strengthen the supervision of the Internal Audit Department on the implementation of the company’s internal control system, improve the depth and breadth of internal audit work, and put forward clear audit suggestions and urge them to improve according to the problems found in the process of walking through and checking. Further enhance the awareness of risk prevention of directors, supervisors, senior managers and relevant middle managers, improve the awareness of compliance management, strengthen the awareness and responsibility of internal control of the board of directors and key positions, effectively promote the standardized operation of the company and the continuous improvement of its governance mechanism, and promote the healthy and sustainable development of the company.

B) The company implements the core concept of Investor Relations Management System, attaches importance to investor relations management, and exchanges information through telephone and Shenzhen Stock Exchange.

Keep good daily communication with investors through various channels such as Dongyi. During the reporting period, the company held the "2022 Online Performance Briefing" to interact with investors and answer their concerns. Among them, the response rate of interactive investors’ questions was 100%, and investors’ surveys were received many times, which improved the quality of company information disclosure in multiple dimensions, further increased the transparency and standardization of the company and effectively protected the rights and interests of small and medium investors.

6. Carry out in-depth and sustained cooperation in Industry-University-Research.

Demais pays attention to Industry-University-Research cooperation, establishes enterprise engineering research center, makes full use of scientific research and teachers in colleges and universities, gives full play to the advantages of the company’s equipment, technology and technology, combines the strong and powerful, promotes the development progress of key projects, and digs deep into cutting-edge technologies to promote the company’s technological upgrading. During the reporting period, the main achievements are as follows:

(1) Apply for the project of Intelligent Manufacturing of Key Axles of Power System of New Energy Vehicles, a special fund for regional coordinated development in Liaoning Province in 2023.

The project makes full use of the technology of "Industrial internet plus Intelligent Manufacturing". After the completion of the project, the intelligent manufacturing level of key shaft parts of the power system of Demax new energy vehicle will be greatly improved, and the industrialization of motor spindle and gearbox gear of new energy vehicle will be realized.

(2) Demais signed a cooperation agreement with the School of Mechanical Engineering of Dalian University of Technology in Industry-University-Research, and participated in the transformation project "Special Equipment for Hot-air Forming of Metal Thin-walled Special-shaped Components" in Liaoning Province in 2023, which is being promoted in an orderly manner.

7. Subsidiaries enter the ranks of first-class supporting suppliers for automobiles.

During the reporting period, subsidiary Jinhua De set up a PBS workshop after purchasing equipment. As of the disclosure date of this report, Jinhua De has signed the Framework Agreement/Purchase Contract with Volkswagen FAW Engine (Dalian) Co., Ltd., Jaguar Land Rover and BMTS (Boma Technology) respectively to supply automobile parts and components such as balancer main shaft, balancer unit, turbocharger parts, sprocket assembly, intake/exhaust shaft sleeve, etc. as agreed. At present, it has sold products directly to the vehicle manufacturers Volkswagen FAW and Jaguar Land Rover, and indirectly to Shanghai General Motors. The company expanded its product range, from auto parts to auto parts and components, and entered the ranks of first-class supporting suppliers of automobiles, further enhancing the company’s comprehensive competitive strength. In the future, the company will continue to deepen the field of auto parts and components, actively develop new products, and take this opportunity to open up more OEM customers.

8. Future product planning

Maintain the steady growth of traditional business, increase the market share of products, and further consolidate and consolidate Demax’s leading position in existing superior products; Build a matrix organizational structure management model based on project management, further strengthen the development of new energy vehicles (hydrogen-containing energy vehicles) products and customers, focus on the layout of new energy vehicle motor systems, thermal management systems and driverless fields, and increase the development of new energy vehicle motor shafts, toothed shafts and hydrogen energy vehicle parts; Actively explore new fields, based on the long-term precipitation of Demax’s specialized and precise parts, use the advantages of precision machining technology and sophisticated equipment, increase the layout of shafts and precision cutting parts in various robot transmission and drive systems, and strengthen the development of industrial products such as machine tool servo systems and reducers.

Second, the core competitiveness analysis

Demais adheres to the fine tradition of "professionalism, dedication and concentration". Since its establishment, Demais has been deeply involved in the field of precision parts processing focusing on precision shafts and precision cutting parts, and its core management team and key technicians are stable. The core management team is diligent and dedicated, with rich industry experience and enterprise management experience, strong execution and keen market responsiveness; Key technical personnel make great efforts to continuously promote and upgrade the company’s technological progress. After years of management and technology accumulation, Demax has formed core competitive advantages in the field of precision shafts and precision parts, such as leading technology, stable quality, excellent equipment, well-known brand and large-scale production, thus promoting the company’s sustained, stable and rapid development.

1. Leading technology

Since its establishment, Demais has always paid attention to technical research and process improvement, adhered to the concept of "leading technology and technological innovation", and has strong technical development and innovation capabilities. In cooperation with well-known customers around the world, we keep abreast of the latest technical standards in the industry and establish a perfect product testing technology and evaluation system. The company increased investment in R&D by cultivating and attracting outstanding technical talents and purchasing advanced machinery and equipment, and maintained its dominant position in technology research and development. In the long-term development process, the production technology level of the company’s products has been greatly improved, and the production equipment has been automatically transformed, repeatedly transformed and re-developed, and equipped with self-developed software, which has greatly improved the production efficiency and intelligence level of the equipment. The production equipment transformed by the company can realize the functions of automatic identification, online detection, online feedback, automatic compensation, automatic loading and unloading, automatic processing, automatic data recording, etc., further reducing costs and increasing efficiency, improving the company’s intelligent level, and the technology is at the advanced level in the industry.

During the reporting period, the company and its subsidiaries filed 3 patents, including 2 invention patents and 1 utility model patent; Nine patents were granted, including three inventions and six utility model patents. As of the disclosure date of this report, the company and its subsidiaries have 47 invention patents, 33 utility model patents and 24 software copyrights, covering the fields of process development, technology development and equipment development.

2, the quality is stable

The quality of automobile parts is related to personal safety, and there are high standards and requirements for the quality, performance and safety of products. In particular, enterprises that manufacture such products must carry out stricter inspection and control on the quality of products. At the system operation level, the company passed the general IATF16949:2016 quality management system certification in the automobile industry and passed the ISO9001 quality management system certification; At the level of system construction, the company has formulated standard business processes and operation manuals, and used quality management tools for daily quality control according to the requirements of the quality management system; On the operational flow level, the company implements barcode management and builds a digital platform, which can carry out strict batch management of products and realize functions such as visual data and full information traceability. In terms of testing equipment, the company has high-precision testing equipment such as Zeiss, Sanfeng CMM and Mal image measuring instrument to monitor the process quality. In terms of employees’ professional skills, in addition to organizing regular/irregular internal special trainings, external quality trainings such as VDA6.3 (German Automobile Industry Quality Standard-Process Audit), P-FEMA (Process Failure Mode and Consequence Analysis) and CQI-9 (Heat Treatment System Evaluation) are carried out to improve the professional level of quality managers and enhance the quality awareness of operators. The company’s stable and reliable product quality has been fully recognized by customers, laying a solid foundation for market development.

3. Excellent equipment

While actively transforming the original equipment, the company pays attention to the advanced technological process of the global auto parts manufacturing industry, constantly updates sophisticated equipment, and purchases dozens of advanced equipment such as Tornos eight-station combined lathes in Switzerland, six-station and eight-station CNC lathes in Germany, and Mykrosa unintentional cutting grinder in Germany, which has the characteristics of high precision, high speed and high reliability, and is at the international leading level in the industry, effectively enhancing the company’s comprehensive strength.

4. Well-known brand

After years of market development and cultivation, the company has a stable customer base and established long-term and stable cooperative relations with many world-renowned auto parts suppliers. The products are sold to North America, Europe, Japan and other countries and regions. Among the top ten global auto parts suppliers in 2023, four chose to cooperate with Demax. The company has won many honors, such as global supplier award, annual innovative supplier, excellent supplier, preferred supplier and quality excellence award in the Asia-Pacific region, etc., and enjoys high popularity and good reputation in the same industry. The registered trademark of the company was awarded as a well-known trademark in China. On the one hand, brand effect enhances the influence of products and the strength of the company, attracts more customer resources, on the other hand, it also brings lasting and stable benefits to the company.

5. Mass production

The auto parts industry is a capital-intensive industry, with a relatively high degree of marketization and fierce competition. Vehicle manufacturers and first-class parts suppliers have higher requirements for the quality stability and timeliness of qualified suppliers. The company has the strength to undertake large orders and respond quickly, and has strong competitiveness in the industry.

Iii. Risks faced by the Company and Countermeasures

1. Risks faced by the company:

There may be risks in operation, product quality control, finance and equity dispersion in the company’s operation.

(1) Operational risks

A) risk of macroeconomic fluctuation

The company’s main products are precision shafts and precision cutting parts, and its downstream fields are mainly automobile parts industry. The demand of downstream industries is closely related to the macro-economy. The periodic fluctuations of international and domestic macro-economy and the changes in consumption capacity and consumption demand caused by unexpected events will have an impact on the products produced and sold by the company. If the macro-economy continues to deteriorate, the economy will decline, the downstream automobile industry of the company will be depressed or major adverse changes will occur, which will have an adverse impact on the company’s production and operation.

B) Risk of price fluctuation of main raw materials

The main raw material for the company’s production is steel, and the price change of steel is one of the main factors for the company’s production cost change. With the increase of the company’s sales revenue, the actual consumption of steel is also increasing. If the steel price continues to fluctuate greatly in the future, it will directly affect the company’s production cost and gross profit margin. If the product price cannot be adjusted or taken in time, it will affect the company’s performance.

C) Risk of decline in production and sales of automobile industry

The decline of production and sales in the automobile industry has a great impact on the automobile parts industry. For example, if the production and sales of automobiles decline in the future, the company’s order demand may face fluctuations, which will have a negative impact on the company’s production and operation.

(2) Product quality control risk

The company’s main customers are internationally renowned auto parts suppliers, and customers have strict requirements on the quality of products. If the company’s product quality problems cause losses to end customers, it may lead to the risk of paying back the claims to customers or even terminating the cooperation relationship, which will have a significant adverse impact on the company’s business development.

(3) Financial risks

A) Risk of bad debts in accounts receivable

By the end of the reporting period, the company’s balance of accounts receivable was 183,286,600 yuan, accounting for 62.89% of the current operating income. Most of the company’s customers are large-scale auto parts suppliers with strong strength and long-term cooperative relationship, with good capital status, high credit rating and low risk of bad debts. The company has made corresponding bad debt reserves in accordance with accounting standards. With the expansion of the company’s future business scale and the increase in the number of customers, the risk of bad debts of accounts receivable caused by the deterioration of the financial situation of individual customers or poor management of accounts receivable of the company cannot be ruled out.

B) risk of inventory impairment

As of the end of the reporting period, the company’s inventory balance was 114,344,500 yuan, and the company’s main inventory has corresponding orders or production plans. However, if the customer’s order demand cannot be met due to factors such as product quality and delivery cycle, or the customer adjusts or cancels the order due to fluctuations in the downstream market demand of the products, the company’s products may not be sold normally, which will lead to the loss of inventory, which will adversely affect the company’s operation.

C) exchange risk

During the reporting period, the export income accounted for 31.92% of the main business income, and part of the company’s production equipment and raw materials were purchased from abroad.

At the same time, the company’s customers are mainly well-known suppliers in the global auto parts industry, while foreign customers and suppliers and companies generally use foreign currency for settlement. If the exchange rate of foreign currency against RMB fluctuates greatly, it will have a certain impact on the company’s operating performance.

D) risk of impairment of goodwill

In October 2018, the company acquired the remaining 77.5% equity of Jinhua De, and Jinhua De became a wholly-owned subsidiary of the company. At the end of the reporting period, the amount of goodwill confirmed by the company due to the acquisition was RMB 50,744,100. If Jinhua De’s operation can’t realize the income well in the future, the goodwill formed by the acquisition of Jinhua De’s equity will have the risk of impairment, which will adversely affect the company’s operating performance.

(4) the risk of equity diversification

The company’s equity is relatively scattered, and the controlling shareholder Demex Investment holds 16.73% of the shares, so there is a risk that the controlling stake will be unstable. If the control right changes, it may have a certain impact on the company’s business or management.

2. In view of possible risks, the Company has taken and plans to take countermeasures:

(1) Building "Wisdom and Virtue"

Demais will further strengthen digital and intelligent investment and realize the transformation from manufacturing to intelligent manufacturing as soon as possible; Optimize the company’s technology and production process, introduce advanced equipment at home and abroad, transform equipment to improve automation level, improve production efficiency, reduce redundant personnel, build a smart factory with high quality, high efficiency and low operating cost, and ensure the company’s dominant position in industry competition.

(2) Strengthen product competitiveness and increase customer development.

Demax has always adhered to the core business philosophy of "all customer needs are the center", taking customers as the guide, strengthening customer management, enhancing customer stickiness with products with better product quality and service and more cost-effective advantages, and further consolidating and developing the strategic cooperative relationship with customers; Through continuous process improvement and perfection of existing products, the technical performance of products is improved; Actively track the competitive situation of the industry, grasp the wind direction of the industry, and flexibly adjust the market competition strategy and management strategy; Through technological innovation and advantages, we will improve the joint development capacity and production capacity of new products, continue to strengthen the development and follow-up of customers’ new energy auto parts business, actively expand the application fields of products and gain new profit growth points.

(3) Strengthen the efforts to control fees and reduce costs.

Relying on the cost control center, we will continue to deepen the achievements of improving quality, reducing costs and increasing efficiency through effective management measures such as cost consumption control, cost control in production and operation process and quality cost control, and continuously improve the profitability and cost control ability of enterprises; By combining the advantages of bank credit promotion with the characteristics of procurement and sales, we can further control costs with customers and suppliers of the company in a win-win situation; Reduce raw material costs by strengthening diversified and closer strategic cooperation with raw material suppliers and integrating raw material categories; Continuously improve the level of lean management and optimize and improve the operation in a whole chain and system.

(4) Promote the company’s management level to a new level.

Formulate long-term and short-term performance incentive assessment systems, systems and schemes, so that the company’s management and core employees can share the dividends of the company’s performance growth; Strengthen the talent echelon construction of company executives and middle-level cadres, and encourage and support the introduction of more young and capable employees into the core decision-making and executive levels; Promote and encourage the company’s senior executives and core employees to strengthen exchanges and study with the outside world, broaden their eyes, learn from advanced management models, and promote the company’s high-quality sustainable development.

(5) Improve the R&D system and consolidate the technological strength.

Further establish and improve the technological innovation mechanism, actively participate in the joint development system of customers’ products, carry out forward-looking development of technical routes, and continuously improve the product development capability, the manufacturing capability of complex process precision parts, the proportion of high value-added products, and the product yield; Create a good R&D mechanism and innovative atmosphere, strengthen cooperation in Industry-University-Research, strive to recruit and introduce talents to build a high-level R&D team, and form a professional technical R&D echelon in the field of precision shafts and precision cutting parts; Continuously optimize production technology, greatly improve production efficiency, enrich product lines, and develop new key products, so as to further expand market share and reduce production costs with the advantages of centralized large-scale production.

(6) Enhance the ability to cope with exchange rate risks.

Proceeding from the business objectives and overall business layout, the Company has continuously improved the exchange rate risk management system, selected more favorable settlement methods and settlement time points, prevented exchange rate risks by using derivative financial instruments, timely tracking and mastering exchange rate fluctuations, and strengthened cooperation with financial institutions such as banks, so as to enhance the sensitivity and response ability to exchange rate changes.

(7) Make Demaishi bigger and stronger

In order to smoothly implement the company’s future development plan and objectives, the company will further obtain financial support through bank loans, financial leasing, issuance of corporate bonds, shares and other financing methods. If the conditions are ripe in the future development process, it is not excluded to expand the production scale, acquire advanced technology and increase sales channels through overseas acquisitions, so as to further enhance the cooperation level between the company and large auto parts enterprises in a short time and increase the comprehensive competitiveness of the company.

(8) Maintain the stability of the company’s control rights in the future.

The controlling shareholder, actual controller, more than 5% shareholders and four non-independent directors who are senior managers of the company have issued relevant commitments to maintain the stability of the company’s control rights in the future.

Ningbo eπ 008 special sale, the highest discount 28,000! Only this time

[Autohome Ningbo Promotional Channel] Recently, we are conducting preferential promotions in the Ningbo market, and the maximum discount has reached 28,000 yuan. At present, the minimum starting price of this car series is 188,600 yuan. If you are interested in this model, you may wish to click "Check the car price" in the quotation form to strive for higher discounts.

宁波eπ008特价出售,最高优惠2.8万!仅此一次

The e π 008 adopts a stylish and dynamic front face design, with streamlined body lines, the overall style shows a strong sense of futurism. On the front face, the e π 008 adopts a closed air intake grille design, highlighting its identity as an electric vehicle. The center of the grille is inlaid with the brand logo, and the sides are sharp LED headlight sets, making the whole car look more sharp. Overall, the appearance design of the e π 008 is simple and powerful, fully demonstrating the technological aesthetics of the car.

eπ008拥有流线型的侧面线条,车身尺寸为5002*1972*1732mm,轴距达到3025mm,提供了宽敞的乘坐空间。配备21英寸轮圈,轮胎规格为265/45 R21,展现出动感的运动风格。

宁波eπ008特价出售,最高优惠2.8万!仅此一次

eπ008的内饰设计采用了现代简约风格,彰显科技感。中控台配备了一块15.6英寸的高清触控屏幕,支持多媒体系统、导航、电话和空调的语音控制,为驾驶者提供了便捷的操作体验。方向盘采用皮质包裹,手感舒适,并支持手动上下和前后调节,满足不同驾驶者的个性化需求。前排座椅采用仿皮材质,具备加热、通风功能,同时驾驶位还配备了头枕扬声器,增强了驾驶体验。主副驾驶座椅均支持多种调节方式,包括前后调节、靠背调节和高低调节,而驾驶位和副驾驶位还拥有电动座椅记忆功能。第二排座椅同样具备多种调节功能,包括前后调节、靠背调节和腿托调节,后排座椅还可以进行比例放倒,增加了车辆的实用性和舒适性。此外,车内提供了多个USB和Type-C接口,前排两个,后排三个,方便乘客充电。前排还配备了手机无线充电功能,为日常使用提供了便利。

宁波eπ008特价出售,最高优惠2.8万!仅此一次

eπ008搭载了一台高性能发动机,最大功率为200kW,最大扭矩为340N·m。这些出色的数据确保了车辆在行驶过程中能够提供强大的动力输出和顺畅的加速体验。

汽车之家车主表示:“车内空间大,驾驶感高,动力可以,外观大气。”这款eπ008不仅在空间和驾驶体验方面表现出色,还拥有强劲的动力和大气的外观设计,满足了不同用户的需求。

Jietu Automobile Li Xiaojing: Building the world’s first "travel+"ecology of automobiles and becoming the world’s first electric hybrid off-road brand.

Phoenix Auto News On August 31st, at the Chengdu Auto Show, the reporting team of Phoenix Auto had an in-depth exchange with Ms. Li Xiaojing, assistant general manager of the marketing center of Jietu Brand Division, and discussed several issues of Jietu brand that everyone was concerned about.

First of all, we all know that Jietu Automobile has done a good job in new media marketing. It can be said that the main engine factory has personally left the market, faced users directly, and gained traffic and recognition. We asked Ms. Li Xiaojing about this issue, and she said, "We don’t have any unique secrets. If Jietu only does one thing, it must be new media. In 2021, we chose new media. In 2022, we believed in new media. In 2023, we decided on new media. We have been on the road of new media. At present, we have 6000+ new media accounts, and 55% of our sales come from new media orders. We advocate learning from outstanding people, learning from people with results, and doing it with dealers. Dealers will also learn from each other. One of our distributors in Xinjiang took the initiative to learn from our other outstanding distributors last year. As far as I know, it only cost 1 million for travel and study. "

Talking about this, we find that in the ecological chain of Jietu, the relationship between dealers and OEMs is United and progressing together. Ms. Li Xiaojing also agreed that the dealers have a strong centripetal force for the OEM, and the OEM also has many means to help the dealers. "Modesty and studious, selfless, will always be the core competitiveness of Jietu."

Ms. Li Xiaojing continued to talk about "the more important role of new media is a platform to face users directly and listen to them. The goal that we have been striving for is to turn all user contacts into surprise points. For example, in live broadcast, we can directly understand their needs through interaction with users, and then provide users with products, services and experiences that exceed expectations. I also reach out to users through new media myself. When we really solve the problem for users and get recognition from users, you will feel that this is very worthwhile. "

When Jetway Shanhai L6 went on the market this month, Jetway had a resounding slogan, "Jeep in the United States, Land Rover in Britain and Jetway in China", and it was ambitious to become "the leader of off-road SUV in China". We interviewed Ms. Li Xiaojing about this issue. Where did Jetway’s confidence come from?

Ms. Li Xiaojing said, "Being the leader of off-road SUV in China is indeed the next goal of Jietu Automobile. In this regard, Jietu has confidence, ability and planning, and will definitely move forward towards this goal."

The bottom spirit comes from strength, and Jetway is the brand that knows how to travel best among car companies and who knows how to build cars best among travelers. After six years of deep cultivation, Jietu has built the only "Travel+"brand in the automobile industry from "0 to 1" and "from being excellent". It has the most powerful "Travel+"product lineup, covering the whole scene of family travel and cross-country travel, realizing both fuel and hybrid power to meet the needs of users’ global travel scenarios; And through good things, tide reform, rights and interests, and post stations, we will build the industry’s first "travel+"ecology. These have actually jumped out of the product itself, and Jietu is building travel as an ecological circle.

In terms of sales volume, Jietu has been firmly in the first camp of independent SUV brands. Since the beginning of this year, Jetway has won a breakthrough growth in the terminal market, with a cumulative sales volume of more than 316,000 vehicles from January to August, exceeding the annual sales volume in 2023. Among the mainstream brands with a monthly sales volume of 10,000 vehicles, Jetway is the first and only brand to surpass last year’s annual sales volume in eight months. Moreover, its travelers and Shanhai T2 form a "mixed double combination" to top the sales list of fuel and hybrid box markets respectively.

These have given Jietu a lot of confidence. "In the future, we will not only become the first in the domestic box market, but also build the first" travel+"ecology of global cars, become the first electric hybrid off-road brand in the world, and let the world fall in love with" Chinese off-road "."

From Ms. Li Xiaojing’s speech, we can really feel the confidence of Jetway. In fact, when I participated in Jetway activities, I also found that Jetway users have a very high recognition of Jetway cars, which can be seen from the interaction between brands and users in every activity, and the smiles and recognition on their faces can’t be disguised.

At the Chengdu Auto Show, there was a Shanhai L7 blasting Ares car on the Jietu booth, which just went through the blasting test. We also talked about why such a car should be brought to the booth.

Ms. Li Xiaojing said, "This Shanhai L7 blasting Ares car has just experienced the challenge of" flying slope blasting "in Beijing. It suffered 10 rounds of blasting in pure electric mode and fell from a 1.9-meter high slope. As a result, the body frame was intact, the door opened normally, and the battery pack did not leak, smoke or explode. We brought such a car to the booth so that everyone can see that Jetway will never compromise on safety. I also make a small announcement. Shanhai L7 is a large family of seven electric hybrid SUV products that can bring high performance, large space, more comfort and new experience to home users. It is expected to be listed in the middle and late September. "

In fact, from the development of Jietu in recent years, Jietu’s products are getting higher and higher, and the coverage is getting wider and wider. Just like the traveler’s car, it can accurately cover the needs and gain the recognition of users.

Finally, we also asked Ms. Li Xiaojing, Shanhai T1 is the key model of Jetway. Can it become an explosive car after it goes on sale at the end of the year?

Ms. Li Xiaojing is confident that it will definitely become an explosion. When talking about the reasons, she talked about the explosion gene of Shanhai T1, a new member of the champion family of square box, which can not only meet the needs of users for light off-road but also catch up with the traditional SUV. Its user base is clearly positioned, that is, those who yearn for travel, in short, those young people who want to enjoy the comfort of the city and are willing to have fun outdoors. Shanhai T1 is an urban SUV with off-road function, which can not only meet the urban personality, but also cope with outdoor traffic. It can run from Chengdu to Qinghai Lake (with a comprehensive battery life of 1400km) with one charge. It also has the qualification of trailer, which can tow motorcycles, yachts and RVs to travel, and can develop new ways of travel with young people. Therefore, Shanhai T1 has explosive potential.

After a short communication, I found that Jietu brand executives are well aware of brand building, have a deep understanding of products, and have a very harmonious relationship with dealers and users. I think such a brand is the brand that really takes the needs of consumers as the goal and works hard to build cars. We also expect Jietu to bring us more surprises in the future.

Ding ~ the oil circle "fragrance" is coming!

March vegetables bloom,

Rapeseed is ripe in June,

Seed oil pressed in August.

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After four seasons of sowing in autumn, storing in winter, growing in spring and harvesting in summer, a grain of rapeseed has matured, and through the processes of removing impurities, frying seeds, squeezing, filtering and settling, clear, transparent and mellow rapeseed has entered thousands of households.

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Everyone has appreciated the beauty of rape blossoms and tasted the fragrance brought by rapeseed oil, so how much do you know about rapeseed oil? Today, small farmers invited Hu Qiong, a researcher from the Institute of Oilseed Crops, Chinese Academy of Agricultural Sciences, to listen to experts talk about rapeseed oil!

The name of rape

At the end of the Eastern Han Dynasty, Fu Qian wrote "Popular Wen", which recorded that "Brassica is called Hu Cai", and "Brassica" was the ancient rape in China, which was often used as a vegetable at that time.

Later, people gradually discovered that rape seeds can produce oil, so they bred Chinese cabbage rape which can extract oil through breeding and domestication. Rapeseed is also named after "oil".

How rapeseed becomes vegetable oil

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Generally speaking, rapeseed oil extraction technology can be divided into "pressing" and "extraction".

"Squeezing" is the physical and mechanical squeezing of rapeseed by using squeezing equipment to produce oil, which can be divided into cold pressing and hot pressing, among which hot pressing is more commonly used.

"Hot pressing" means that rapeseed is heated by frying, steaming, etc., and then mechanically pressed to produce oil; "Cold pressing" means that rapeseed is pressed without baking or slightly heating, and the "crude oil" squeezed by cold pressing needs heating and dehydration before it can be filtered out into clear vegetable oil.

In contrast, hot pickled mustard tuber oil is rich in flavor because of the influence of high temperature; Cold mustard tuber oil is clear and beautiful in color, but light in fragrance.

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"Extraction" is to soak or spray rapeseed with an organic solvent that can dissolve oil, so that the oil in the oil can be extracted.

In addition, it is popular to extract vegetable oil by "microwave pressing" on the market at present. This method uses microwave to heat rapeseed, which can better control the temperature and make the color of oil clear. At the same time, it is also conducive to the efficient release and dissolution of nutrients and oils in rapeseed, and plays a certain role in enhancing fragrance.

N reasons for choosing vegetable oil

In general, three kinds of rapeseed, Chinese cabbage rape, cabbage rape and mustard rape, can be used for oil extraction. However, because of the strong disease resistance and good quality of Brassica napus, most of them belong to double-low varieties (low erucic acid and glucosinolate content) and high oil yield, so they are mostly selected for oil extraction.

rap oil

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      Fatty acid composition balance: the fatty acid composition in rapeseed oil is relatively balanced, and the saturated fatty acid content in vegetable oil is the lowest, about 7%.

High oleic acid content: It is pointed out in the Dietary Guide for China Residents that oleic acid can reduce bad cholesterol and increase good cholesterol. In the eyes of experts, oleic acid is also an important indicator to measure whether an edible oil is more conducive to health. At present, the oleic acid content of most vegetable oils sold in the market can reach 60%, and the oleic acid content of rapeseed oil with high content can even reach more than 70%, which can well meet the public’s demand for oleic acid.

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Reasonable ratio of linoleic acid to linolenic acid: According to the Standard for Healthy Edible Oil issued by FAO, the ratio of linoleic acid to linolenic acid in essential fatty acids should be less than or equal to 4:1. Linoleic acid and linolenic acid are one kind of unsaturated fatty acids, which cannot be synthesized by human body. The proportion of rapeseed oil is reasonable.

Rich in nutrients: Rapeseed oil also contains major trace elements needed by human body, such as iron, copper and zinc, and the proportion of vitamin E in rapeseed oil is relatively appropriate.

Rapeseed oil is currently recognized as "the healthiest edible vegetable oil for the public".

What is unique about "low erucic acid vegetable oil"

"Low erucic acid rapeseed oil" refers to rapeseed oil with erucic acid content not exceeding 3%. It is made by squeezing low erucic acid rapeseed, and the erucic acid content is much lower than that of traditional rapeseed oil.

At present, the United Nations Food and Agriculture Organization (FAO) and WHO have put forward a limited standard for erucic acid in edible oil, requiring that the erucic acid content in edible oil should be less than 5%. The standard of erucic acid content in edible oil in some countries requires that it should not exceed 2% of total fatty acids.

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In the chemical molecular composition of oleic acid and linolenic acid, the carbon chain is short, while erucic acid is a long-chain unsaturated fatty acid, which consists of 22 carbon chains. The long carbon chain is difficult to digest and has poor absorption and utilization rate, which will reduce the nutritional value of vegetable oil. And high doses of erucic acid can also induce myocardial fat accumulation, congestive heart failure and other diseases.

Now, the vegetable oil brands advertised as "low erucic acid rapeseed oil" in Shangchao and grain and oil stores are generally up to standard in erucic acid content, so you can buy them with confidence.

Tips for eating vegetable oil

No.1: which onesPeople are not fit to eat vegetable oil?

Rapeseed oil is suitable for all ages. Under normal circumstances, as long as there is no allergic reaction to the ingredients of rapeseed oil, most people are suitable for eating rapeseed oil.

However, in view of acute gastroenteritis, diarrhea and other diseases, it is suggested to control the dosage of vegetable oil. Although there is an old saying that "too much oil will not spoil vegetables", it is important to remember that too much oil will spoil people, so it is not advisable to drink too much cooking oil every day, just in moderation.

No.2: how to preserve the vegetable oil after opening?

It is recommended to keep it away from light and heat. Rapeseed oil after daily opening can be stored in a glass bottle for sealing, away from the stove, and placed in a dark cabinet, so as to avoid the emission of effective components in the rapeseed oil and not affect the fragrance and taste of the oil.

No.3: what is the best way to eat vegetable oil?

The content of unstable fatty acids in rapeseed oil is less, so it will not form too many trans fatty acids harmful to human body after heating, and high-temperature cooking can release the fragrance of rapeseed oil well and enrich the taste of vegetables.

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Rapeseed oil is listed as the first choice for making Chili oil because of its strong fragrance, bright oil and high temperature resistance. Stir-frying rapeseed oil and pepper at high temperature can effectively blend their unique flavors and increase the overall flavor of Chili oil.

If it is high oleic rapeseed oil, its stability is better. Compared with other types of vegetable oil, it can withstand high temperature heating and repeated frying. Suitable for making fried food, such as fried dough sticks, French fries and other foods.

In addition, the fragrance of normal temperature rapeseed oil itself is not as rich as sesame oil, and if it is used to mix cold dishes without heating, it may not taste particularly good. Therefore, if the heated vegetable oil is used to mix cold dishes, the oil fragrance will be more obvious.

Food is the most important thing for the people.

Smelling the original vegetable oil fragrance,

Are you full of appetite at every meal?

What other tricks are there to eat vegetable oil?

Welcome to discuss with small farmers,

Be a little expert in using oil!

iPhone 16 new features and price exposure! netizens issue soul torture

This morning, iPhone 16 Pro once again on the hot search!

The well-known leaker "Leaks ApplePro" broke the news that Apple’s iPhone 16 Pro starts with 256GB of storage this year, and the price may remain unchanged at $999 (the domestic starting price is 7999 yuan).

Technology media MacRumors also released a blog post recently, summarizing the revelations about Apple’s iPhone 16 Pro and iPhone 16 Pro Max models, saying that the model will have 30 improvements and optimizations this year.

Users generally support upgrading memory!

eI-tia: Three years ago, the 512G of 12promax was not enough.

Star Stealer: Unexpectedly, Apple was finally willing to upgrade its memory.

Xiao Te is cheerful and Pu: Let’s start with 512.

Many netizens expressed that the improved camera capabilities are still very attractive.

Souquet_97: If the telephoto is true, it will be cattle. At present, Android’s ten times light change has not achieved 300mm.

Xiao Niannian’s pork belly: The camera function appeals to me.

Surfing veteran: I don’t think it’s a useful improvement for me, but in terms of video, it’s quite a big improvement for short video bloggers and the like.

Many netizens said that solving the signal problem is the key.

July’s Tail 815: When will the signal issue be resolved?

A sheep’s -: only needs to optimize the signal problem.

White Night Fairy Tale: Solve the network first, and turn around every time you enter vx.

Fast, fast, fast, non-stop meat loss: first optimize the signal!

Stanislas 2012: The phone is very beautiful, but there is no signal.

In addition, netizens also made the following suggestions:

Annoying fruit are: when will the heat dissipation problem be solved!

BIgHert_Ming: Can the battery be useful!

Sorrybutloveu: Can the screen protect the eyes?

Pour a pot and pass the hustle and bustle: 1. Signal 2. Battery 3. Side return 4. Phone recording, let’s do these basic functions!

Only you Vae: Max has to increase the width, that can’t hold the phone at all, max is big enough!

Mr. Xiaoming by the sea: Brushed metal has more texture than glossy metal!

Wanxing yyyy: Can you stop being so heavy?

Cold Salad 68985: When is Dynamic Island canceled?

Previously iPhone 16 Pro high definition render graph was exposed, showing the new camera island design on the back of the fuselage, and said that the render graph is very similar to the prototype design currently tested by Apple.

What are your expectations and suggestions for the iPhone 16 Pro?

Xiaomi entered the market strongly, and the new energy auto market was surging.

  Our reporter Lu Hongxing

  On March 28th, Xiaomi Group held the launch conference of Xiaomi Automobile with the theme of "Forward" in Beijing, officially released Xiaomi SU7, and unveiled the mysterious price veil. This means that Xiaomi Automobile has entered the eye of the storm in China’s new energy automobile market.

  Will bring positive guidance to the new energy automobile industry.

  Lin Cheng, chief scientist of the National Engineering Research Center for Electric Vehicles of Beijing Institute of Technology, said in an interview with China Economic Times that the strong entry of Xiaomi will greatly improve the level and technical level of new energy vehicles in China, especially in the field of intelligent driving. Xiaomi has a deep network and intelligent foundation, and the participation of such a technologically innovative enterprise will bring positive guidance to the new energy vehicle industry.

  China Economic Times reporter learned that Xiaomi has always been a leading brand in the field of smart phones and smart homes, and it has rich experience in the application of cutting-edge technologies such as artificial intelligence, big data and Internet of Things.

  "For Xiaomi itself, it has a very positive impact. Xiaomi has its own ecology. Xiaomi will apply various scene technologies on his mobile phone to his car. For the whole industry, it is a reshuffle. Different from other new forces making cars, Xiaomi has abundant funds and much less operating pressure, so-called ‘ Don’t panic when there is food in the bowl ’ That’s the truth. From the perspective of future development, Xiaomi should gradually become a mainstream new energy automobile enterprise. " Lin Cheng further stated.

  Cui Dongshu, secretary-general of the National Passenger Car Market Information Association, said in an interview with the China Economic Times reporter that Xiaomi’s strong participation in the new energy vehicle market, on the one hand, is a positive driving force for the entire new force car industry; On the other hand, it will promote the comprehensive exploration of the new energy vehicle market and help meet consumers’ demand for intelligence and interconnection.

  Yan Jinghui, an expert from china automobile dealers association, told the China Economic Times reporter that Xiaomi Auto was born with the gene of scientific and technological innovation and intelligent networking. For young people, its own traffic is conducive to guiding and promoting consumption.

  Zhang Guanghou, deputy director of the Technology Center of the Comprehensive Transportation Research Institute of the National Development and Reform Commission, said in an interview with the China Economic Times reporter that Xiaomi Automobile is a "new recruit" in the automobile market, but from the market performance of mobile phones and household appliances, Xiaomi has unique features in supply chain integration, technological innovation and product design. The addition of Xiaomi can enrich the pedigree of new energy vehicle products, further accelerate the upstream and downstream integration of the new energy industry and accelerate the iteration of technological updates such as intelligent driving, and at the same time create more new energy vehicle products that meet the needs of consumers and are more internationally competitive.

  It should be noted that the addition of Xiaomi Automobile is also beneficial to the whole automobile industry chain, which will further improve and enrich the layout of the industry chain and provide more growth points and development opportunities. At the same time, the spillover effect of Xiaomi’s entry should not be underestimated. Xiaomi Automobile has driven many enterprises such as Guanghong Technology, Shangluo Electronics, Demais and Lansi Technology to participate in the Xiaomi automobile industry chain.

  Since the concept of "new quality productivity" was put forward last year, the central government has expounded and deployed it many times. New quality productivity includes not only technological innovation, but also changes in production mode, organization mode and marketing. Under the guidance of this strategy, the intelligent networked new energy automobile industry has become an important development direction in the future.

  In Cui Dongshu’s view, as many technology companies build cars across borders, the new energy automobile industry will have the advantages of innovation and integrated development in developing new quality productivity, which is not only an interpretation of new quality productivity, but also an important step in economic transformation and upgrading.

  "Scientific and technological innovation is the core element of developing new quality productivity. More technology companies build cars across borders, on the one hand, it can accelerate the application of scientific and technological innovations to specific industries and industrial chains; On the other hand, it can enable technology enterprises to face the market demand and application practice, accelerate the iterative upgrading of key technologies by enriching the application of scenarios, and open up the chain from technological innovation and industrial innovation to the development of new quality productivity. " Zhang Guanghou said.

  The market involution of new energy vehicles has intensified.

  "It’s really not 99,000, 149,000, or 199,000." At the launch conference of Xiaomi Automobile held on the evening of March 28th, Lei Jun, the chairman of Xiaomi Group, shouted out the final selling price of Xiaomi SU7, of which the standard version sold for 215,900 yuan, the Pro version sold for 245,900 yuan and the MAX version sold for 299,900 yuan. The data shows that the SU7 has only been on the market for 27 minutes, that is, it has exceeded 50,000 units.

  On March 31st, Lei Jun released Weibo, saying, "During the initial edition ordering process, we identified and intercepted some abnormal orders and scalper orders. Therefore, the second round of additional sales will be opened. "

  In Yan Jinghui’s view, the price of Xiaomi SU7 should be relatively close to the people, and it still has a certain market impact on new forces such as Wei Xiaoli. However, Xiaomi has just entered the market, and the market impact needs further feedback. In the future, with the continuous introduction of Xiaomi products, the price may rise or fall, but it remains to be seen whether it will cause a price war in the short term.

  In Zhang Guanghou’s view, at present, the competition in China’s new energy vehicle market is relatively full, and different enterprises, brands and models focus on relatively segmented markets, which has formed a certain user stickiness. Xiaomi automobile first came out, but its market share is still blank, and its products have yet to be tested by the market and consumers, which will not trigger a new round of price war in the short term.

  "Xiaomi Auto officially joined the new energy vehicle market, and the price is relatively close to the people, which will basically not cause price wars." Cui Dongshu said.

  However, in Lin Cheng’s view, since 2023, the price war of new energy vehicles has been going on. At present, it is an indisputable fact that the new energy automobile industry is "rolled up". Objectively speaking, the price of Xiaomi SU7 is lower than expected, and its configuration, mileage and performance all exceed expectations, which brings great pressure to other automobile enterprises. After Xiaomi launches such a model, it will become a trend for other car companies to cut prices.

  "The strong entry of Xiaomi has made the market competition in the new energy automobile industry more intense, and a number of enterprises may be eliminated in the next few years. When there is little or no profit, capital will withdraw, and parts companies will do what they can. In the long run, prices will gradually return to rationality. " Lin Cheng further stated.

  What is the result of this change in the new energy vehicle market caused by the entry of Xiaomi SU7? Time will give the answer.

Sexual harassment, injury and disability, overlord clause beware of these "pits" in the gym

   Sexual harassment and verbal insults should only be regarded as "mouth addiction"

   On April 9, it was reported by the media that Ms. Xiaoqian of Hangzhou paid a deposit for private lessons in a gym. Afterwards, she felt that the price was too expensive and wanted to return it. In order to retain her, the fitness instructor proposed the conditions of accompanying sleep. Xiao Qian told the media: "I said that I can find their coach or him to sleep with me for one night, and that if I need a woman, they can also provide a woman, saying that their director is a lesbian, so that their director can sleep with me for one night." When asked, a supervisor of the fitness center said that the social atmosphere was more open, but it was just a mouth addiction.

   Prior to this, Ms. Zhang, a citizen of Nanjing, was inexplicably "helped" by a fitness instructor while running in the gym. She felt harassed and called the police station. Finally, the gym apologized to him and refunded the card fee in full.

   Article 38 of China’s Constitution stipulates that the personal dignity of People’s Republic of China (PRC) citizens is inviolable, and it is forbidden to insult or slander citizens by any means. Article 40 of the Law on the Protection of Women’s Rights and Interests stipulates that sexual harassment of women is prohibited. Article 38 of the Beijing Measures for Implementing the Law on the Protection of Women’s Rights and Interests in People’s Republic of China (PRC) (Revised Draft) stipulates that it is forbidden to sexually harass women in any form such as language, writing, images, electronic information and physical behavior. The Measures for Implementing the Law on the Protection of Women’s Rights and Interests in People’s Republic of China (PRC) Province stipulates that "it is forbidden to sexually harass women in the form of obscene language, words, pictures, electronic information and behaviors that violate laws and ethics."

   The coach put forward a clear demand for small money, which caused him to have obvious psychological discomfort and constituted sexual harassment. According to the law, if sexual harassment of women in violation of the law constitutes a violation of public security management, the victim may request the public security organ to impose administrative punishment on the illegal act according to law, or bring a civil lawsuit to the people’s court according to law.

   Injuries and disabilities are not uncommon. The qualification review of coaches needs to be standardized.

   In recent years, a large number of newcomers have poured into the field of fitness, but there is a lack of professional private education, and disability incidents are frequent due to improper or unprofessional guidance.

   In July, 2014, Zhang Wanting, a 17-year-old girl from Shenyang, died suddenly in a gym weight-loss training camp. According to media reports, Zhang Wanting had undergone high-load training and was strictly controlled in diet, and the coach at the time of the incident had no relevant qualifications and first-aid knowledge.

   In 2015, a fat man accidentally fell down and broke his achilles tendon because of bending over and lifting his legs, which was not suitable for his weight load. At that time, private teachers and members were still laughing and chatting, thinking that there was no serious problem.

   In 2016, Pearl Krabs, a second-year graduate student in Beijing, bought 4,500 yuan of private education courses in a fitness chain. Three months later, the hospital diagnosed the second degree damage of the posterior horn of the medial meniscus of the right knee; Previously, Pearl Krabs’s coach had been encouraging her to keep exercising. When defending rights, the coach could not produce any professional certification. Finally, the gym returned 4,000 yuan to Pearl Krabs and dismissed the coach.

   It is understood that there are roughly three types of private education sources in the industry: graduates from major sports colleges, retired athletes and social fitness enthusiasts. Even some are just in good shape, and they can be employed after attending some short-term training courses. There is no uniform standard for the post qualification of private education in the whole fitness industry, and the threshold for employment is completely grasped by the fitness institutions themselves.

   According to the 2015 Career Development Report of Fitness Coaches in China issued by the Vocational Skills Appraisal and Guidance Center of the State General Administration of Sport, 52% of the fitness coaches who have been employed for 1-3 years are students from sports colleges, and the remaining 48% have no professional background.

   At present, there are two types of qualification certificates recognized by the fitness industry, one is the "national job certificate". The other is the qualification certificate certified by non-governmental organizations, or the award-winning certificate of bodybuilding competition. Among them, the "national job certificate" belongs to the level evaluation category and is not mandatory. Just because a fitness instructor wants to be employed does not mean that he must pass the national vocational examination and obtain a "national vocational certificate".

   Lu Dajiang, a graduate tutor at the School of Sports Science of Shanghai Institute of Physical Education, suggested that the admission system for fitness instructors should be established with reference to the supervision methods of high-risk industries such as swimming and rock climbing. The relevant coach qualifications are subject to the access system, that is, the personnel engaged in guiding teaching must obtain the national vocational qualification certificate before they can take up their posts and engage in related work.

   Article 32 of the National Fitness Regulations stipulates that those who engage in high-risk sports must have a specified number of social sports instructors and rescuers who have obtained national vocational qualification certificates. The first batch of high-risk sports announced by the state in 2013 include swimming, skiing, rock climbing and diving.

   Fitness institutions have overlord clauses, and it is difficult for consumers to transfer or return their cards.

   At present, many fitness cards on the market require me to hold the card. If consumers require to pay a handling fee ranging from several hundred yuan, some gyms even stipulate that they cannot transfer cards.

   Jiang Dianliang, a southern legal aid lawyer, said that because the consumer card generally indicates that "this card is not transferable", if the consumer does not sign the relevant agreement on returning, transferring and stopping the card before handling the card, when he gets the card, he has already acquiesced that the merchant needs to pay for the card transfer. Before handling various consumer cards such as fitness cards, you need to read the relevant agreements carefully, ask whether the fitness card can be extended or transferred or returned in case of illness, business trip, etc., and sign the relevant payment agreement for returning, transferring and stopping the card. When signing the relevant consumer card agreement, in order to protect your legitimate rights and interests, you must read the terms carefully. If you find anything unclear or unreasonable in the terms, you should raise it in time.

   In addition to high transfer fees and prohibition of card transfer, it is also difficult for many consumers to return the card.

   In December 2016, consumer Mr. Chen complained to Hebei Consumers Association that in September 2015, he applied for an annual card with an amount of 2,300 yuan in a gym in Shijiazhuang. Since then, Mr. Chen has been suffering from illness and needs chemotherapy. The doctor’s advice is not suitable for exercise. The previous annual card was not used, and Mr. Chen proposed to return the card to the gym. The other party refused to refund the money on the grounds that there are clauses in the contract, such as "The contract shall not be terminated except for force majeure" and "The service cannot be accepted due to its own reasons, and the individual shall bear the responsibility".

   Hebei Consumers Association believes that after the establishment of the contract, the objective situation has undergone major changes that are not commercial risks and cannot be foreseen by the parties at the time of conclusion of the contract. It is obviously unfair for one party to continue to perform the contract or the purpose of the contract cannot be achieved. If the consumer proposes to change or terminate the contract, the operator should change or terminate the contract accordingly according to the principle of fairness. It is illegal for the operator not to change or cancel the conformity. In other words, consumers have the right to terminate the contract according to law in special circumstances.

Picturesque novel

Wisteria (Chinese painting) Wu Guanzhong is selected from the Chinese Art Palace (Shanghai Art Museum) "Chinese Scenery-Lin Fengmian and Wu Guanzhong Art Exhibition"

I read Wang Zengqi’s novel "The Apprentice", in which I wrote that the great grandfather of the fourth season was jealous of the people, and I thought of Mr. Wang himself.

Mr. Wang is famous for painting, and he also wants to be a painter. His father is a painter. He went to The National SouthWest Associated University at the age of 19. Mr. Wang once said that if he failed, he would go to the National College of Fine Arts. However, Mr. Wang has been admitted. If he fails, he will go to the Art College. Perhaps there will be another master in the history of modern painting in China.

The plot of The Appreciator is very simple, telling the story of a great painter and a fruit delivery vendor. It is also a story about a bosom friend. We all know that Yu Boya and Zhong Ziqi, one playing the piano and the other listening to the piano, performed a deep feeling of "high mountains and flowing water". Although Ye San is a fruit vendor, he knows Ji Xianmin and his paintings. Ji Xianmin’s paintings are never seen by people, but he can see them in Yuzryha. Ye San’s appreciation of his paintings is what Ji Xianmin is proud of. Ji Jian-min painted the wrong lotus, and Ye San pointed it out, so Ji Jian-min repainted it and gave it to Ye San. Sometimes Ji Jian-min gave Ye San a painting without the title, and Yuzryha San could sell it. Ye San said, I won’t sell any of your paintings. Sure enough, after Ye San’s death, according to his will, his son buried all the paintings given by Ji Yumin.

Mr. Wang Zengqi knows Chinese painting. He wrote this novel to pay tribute to the literati paintings in China after the Song and Yuan Dynasties (he knew many painters in ancient China), and also devoted his understanding of China ink painting (including techniques) to the text. For example, Mr. Wang painted the ink lotus and wisteria, such as "there is wind in wisteria, and the flowers are messy". Mr. Wang himself painted many wisteria with this kind of messy flowers.

During his visit to Iowa, Mr. Wang gave a speech entitled "My Creative Career". When talking about the relationship between China’s literature and painting, he said that some people say that his novels are poetic novels, but he hopes that some people will say that his novels are picturesque novels.

This is really what Mr. Wang hopes, and it is also the case. Mr. Wang’s works are indeed full of painting meaning-China’s ink spirit, the art of blank space in Chinese painting.

He also visited some art galleries and museums in America. In the Boston Museum, he saw a Song Huizong’s copy of Zhang Xuan’s "Dao Lian Tu" and admired it immensely. He mentioned this painting in a conversation and said, "That thread is so long that I can’t wait to kowtow to it when I write it." In the novel, Mr. Wang used Zhang Daqian to write about the painting of Mohe lotus by Ji Yumin, saying that "the lotus leaves he painted are not hooked, and the lotus stalks are not pricked, and he likes to make them long, and the lotus stalks are very long, and they are all in one stroke." This is all Mr. Wang’s own experience.

Author: Subei

Text: Northern Jiangsu Picture: Wu Guanzhong Editor: Wu Dongkun Editor: Shu Ming

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