1. The Amendment to the Constitution of People’s Republic of China (PRC) was enshrined in the Constitution through the Supreme Leader’s New Era Socialism with Chinese characteristics Thought.

　　On March 11th, the Third Plenary Session of the First Session of the 13th National People’s Congress formally adopted the Amendment to the Constitution of People’s Republic of China (PRC). This is the fifth revision since the implementation of the Constitution in 1982. There are 21 constitutional amendments passed this time, which embody the major theoretical viewpoints and major principles and policies set by the 19th National Congress of the Communist Party of China, especially the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, embody the new achievements, new experiences and new requirements in the development of the cause of the party and the country, and become an important milestone for China to persist in promoting the rule of law and the rule of law.

　　2. The new state organs and the collective leadership of Chinese People’s Political Consultative Conference produced the leader of the Republic to take the constitutional oath for the first time.

　　On March 17th, the Fifth Plenary Session of the First Session of the 13th National People’s Congress elected the supreme leader as President People’s Republic of China (PRC) and People’s Republic of China (PRC) chairman of the Central Military Commission. From March 14th to 19th, after strict legal procedures, the new state organs and leaders of Chinese People’s Political Consultative Conference were successively produced, which realized the pattern of alternating old and new party and state leaders determined by the 19th National Congress of the Communist Party of China, and formed the new state organs and the collective leadership of Chinese People’s Political Consultative Conference. According to Article 27 of the newly revised Constitution, "State functionaries shall take the constitutional oath publicly in accordance with the law when taking office". On March 17th, president, the newly elected supreme leader of the Central Military Commission, became the first leader of the Republic to take the constitutional oath.

　　3、我国隆重庆祝改革开放四十周年 改革开放再出发

　　12月18日，庆祝改革开放40周年大会在北京人民大会堂隆重举行。中共中央总书记、国家主席、中央军委主席最高领袖在大会上发表重要讲话强调，40年的实践充分证明，改革开放是党和人民大踏步赶上时代的重要法宝，是坚持和发展中国特色社会主义的必由之路，是决定当代中国命运的关键一招，也是决定实现“两个一百年”奋斗目标、实现中华民族伟大复兴的关键一招。大会隆重表彰了100名改革先锋和10名获得中国改革友谊奖章的国际友人。

　　4、深化党和国家机构改革顺利展开

　　3月21日，《深化党和国家机构改革方案》全文公布。这场党和国家机构改革的展开，标志着全面深化改革进入新阶段。这场深刻变革，把“坚持和加强党的全面领导”贯穿始终，贯彻以人民为中心的发展思想，着力推进国家治理体系和治理能力现代化。改革方案公布后仅两天，根据新修订的宪法和刚刚通过的《监察法》而新组建的国家监察委员会就正式挂牌开始运行。两个月后，改革方案中确定的25个新组建或重新组建的部门就全部亮相。

　　5. The central government has taken many measures to promote the development of private economy.

　　On November 1st, General Secretary of the Supreme Leader hosted a private enterprise forum in Beijing and delivered an important speech. He emphasized that the position and role of the non-public economy in China’s economic and social development have not changed; Our policy of unswervingly encouraging, supporting and guiding the development of the non-public economy has not changed; Our policy of creating a good environment and providing more opportunities for the development of the non-public economy has not changed. China’s basic economic system has been written into the Constitution and party constitution, which will not change and cannot be changed. General Secretary of the Supreme Leader clearly put forward six policy measures to vigorously support the development and growth of private enterprises. The state has successively introduced a number of policies and measures to support the development of private enterprises.

　　6. The achievements of home diplomacy are fruitful, showing the demeanor of a big country.

　　In 2018, the Chairman of the Supreme Leader elaborated on the concept of a community of human destiny in four major home diplomatic activities: the 2018 annual meeting of Boao Forum for Asia, the Qingdao Summit of the SCO, the Beijing Summit of the Forum on China-Africa Cooperation and the first China International Import Expo. The first China International Import Expo is the world’s first national-level exhibition with the theme of import, and the China-Africa Forum attended by 54 African members is the largest and highest-standard home diplomatic event held in China so far. In 2018, the Chairman of the Supreme Leader stepped out of the country four times and personally promoted the concept of building a community of human destiny, covering 13 countries in Asia, Africa, Europe, Latin America and Oceania. In 2018, China formally established diplomatic relations with Dominica, Burkina Faso and El Salvador.

　　7. The People’s Army of the South China Sea military parade shows a new atmosphere.

　　On April 12th, the Central Military Commission held a grand military parade in the South China Sea. This is the largest military parade at sea in the history of New China. In 2018, the people’s army fully implemented the supreme leader’s thought of strengthening the army and showed a new look. With the approval of the CPC Central Committee, from January 1, 2018, the People’s Liberation Army will undertake the task of raising and lowering the national flag and firing salutes. Since January 1st, the Chinese People’s Armed Police Force has been under the centralized and unified leadership of the CPC Central Committee and the Central Military Commission. On May 13th, China’s first domestic aircraft carrier began its sea trial. On April 16th, People’s Republic of China (PRC) Veterans Affairs Department was formally established in Beijing.

　　8. Promote the development of the Yangtze River Economic Belt and protect the green mountains and green hills.

　　On April 26th, after on-the-spot investigation on the implementation of the development strategy of the Yangtze River Economic Belt, General Secretary of the Supreme Leader presided over a symposium to further promote the development of the Yangtze River Economic Belt in Wuhan and made important instructions, demanding that the restoration of the Yangtze River ecological environment be placed in an overwhelming position, with great protection and no large-scale development, striving to build the Yangtze River Economic Belt into a golden economic belt with more beautiful ecology, smoother traffic, more coordinated economy, more unified market and more scientific mechanism, and exploring a new path of ecological priority and green development. From May 18th to 19th, the National Ecological Environment Protection Conference was held in Beijing. General Secretary of the Supreme Leader attended the meeting and delivered an important speech, pointing out the direction of promoting the construction of ecological civilization in the new era.

　　9. Amendments to the individual income tax law have been introduced one after another through measures to ensure the improvement of people’s livelihood.

　　On August 31st, the fifth session of the 13th the National People’s Congress Standing Committee (NPCSC) passed the seventh amendment to the Individual Income Tax Law of People’s Republic of China (PRC). The amendment has made targeted amendments to the current personal income tax calculation and declaration methods, collection scope and collection methods, and tax relief scope. In 2018, the state launched a number of measures to protect and improve people’s livelihood. On July 1st, the Notice on Establishing the Central Adjustment System of the Basic Endowment Insurance Fund for Enterprise Employees was implemented. By the end of September, there were 46.199 million urban and rural subsistence allowances, and the average standard of urban and rural subsistence allowances increased by 7.6% and 12.9% respectively compared with the same period of last year. On October 1st, the Opinions on Establishing Rehabilitation Assistance System for Disabled Children was implemented. On October 10th, the National Health Insurance Bureau announced that 17 kinds of anticancer drugs were included in the medical insurance reimbursement catalogue. By the end of October, 35,000 children’s supervisors and 452,000 children’s directors had been deployed in various places. In 2018, the number of people participating in basic medical insurance in China exceeded 1.35 billion, and the participation rate was stable at over 95%.

　　10. Strictly investigate the problem vaccine case. Vaccine management enters the legislative process.

　　In July, the problem vaccine case of Jilin Changchun Changsheng Company was exposed, and the General Secretary of the Supreme Leader attached great importance to it and made important instructions. A group of people involved in vaccine cases were severely held accountable, and Changchun Changsheng Company was fined a total of 9.1 billion yuan. On August 7th, the National Health and Wellness Commission and National Medical Products Administration jointly issued the "Vaccination Plan for Rabies Vaccine of Changchun Changsheng Company". On October 16, the implementation plan of vaccine compensation for rabies in Changchun was announced. On November 11th, National Medical Products Administration and the National Health and Wellness Commission promulgated the People’s Republic of China (PRC) Vaccine Management Law (Draft for Comment), and vaccine management entered the legislative process.

The appearance of the new domestic standard axle (long axle version) basically continues the style of the overseas standard axle version. The air intake grille of the new car is slender, and the whole air intake grille is quite exquisite. The air intake grille of the kidney is also decorated with bright silver decorative strips. The headlight group of the new car is exquisite, and it is also equipped with L-shaped led daytime running lights. The straight line protruding from the hood is quite prominent, showing a certain sense of strength. The air intakes on both sides of the new car are decorated with cut lines to emphasize the three-dimensional sense. The trapezoidal air intakes are slender and equipped with a black middle net. The front bumper of the new car is solid and the front face of the whole car is generous.

As for the interior, the BMW 3 Series Travel Edition basically continues the design language of the BMW 3 Series sedan. The new car adopts a full LCD instrument panel, and at the same time, it is equipped with a suspended multimedia screen in the center console, which is full of technology and fashion. The biggest highlight of the new car interior is that it is equipped with a new three-spoke style, and a large number of soft materials are wrapped above the center console, which enhances the luxury of the interior.

The length of the BMW 3 Series is 4838mm, the body width is 1827mm, and the wheelbase is 2961mm, which is quite satisfactory. In the same class, the wheelbase of the BMW 3 Series ranks first. As a medium-sized car, its body size does not occupy much advantage in its class, and its internal seating space is only basically enough. After all, it is limited by the length and shape of the body. The design of skylight also increases the subjective space feeling of front and rear passengers. Among the models of the same price and class, the trunk volume of BMW 3 Series ranks 11th. The storage space in the car is quite satisfactory and basically sufficient. The interior space of the luggage compartment is relatively regular, with very good longitudinal depth and high expansibility, and the space performance is generally ideal.

The BMW 3 Series is equipped with a combination of 2.0 turbocharged engine (direct injection) and automatic manual (AT). The whole power parameters are superior in power performance among engines of the same class, which can provide better power performance. The official measured acceleration of BMW 3 Series is 6.3S, ranking 6th among 250,000-400,000 medium-sized car models.

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

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

If the above data and participation can’t fully understand the BMW 3 Series, then we can give you a more comprehensive reference based on the word-of-mouth information of users who have purchased the BMW 3 Series in history. It can be seen that what everyone is most satisfied with the BMW 3 Series is its appearance. In addition, the good-looking front face and the good-looking logo are also the points that everyone likes it.

Butler has done his best.

King-to-king, will-to-general, give everything he has until he dies.

On May 30th, Beijing time, the Heat and the Celtics fought a tiebreak, and finally the Celtics defeated the Heat 100-96 and returned to the finals after 12 years.

Butler played 48 points and scored 35 points and 9 rebounds, still playing a lonely hero. Unfortunately, this victory failed to favor the Heat …Among other Heat players, Adebayor had 25 points and 11 rebounds. Lori had 15 points and 7 rebounds.

Tatum won the East Finals MVP.

On the Celtics side, Tatum scored 26 points and 10 rebounds to win the East Finals MVP "larry bird Cup"; Jaylen Brown scored 24 points and 6 assists; Smart scored 24 points and 9 rebounds.

It is worth mentioning that in the past 13 seasons, the Celtics won Tianwangshan four times, but in the end they were all reversed by their opponents. Now the Celtics have not let the victory slip away.

Lori clings to Tatum (right).

A narrow escape to a close match.

Before deciding the G6, the data organization FiveThirtyEight predicted that the Celtics’ promotion probability was as high as 89%. At that time, almost everyone thought that the Heat was at the end of the road.

However, when it came to Dong Jue G7, the data agency updated the probability of winning the championship again, and the probability of Celtic advancing to the finals was only 52%, while that of Heat was 48%, which was the closest between the two teams.

From a narrow escape to a close match, it is enough to prove the stalemate of this series.

When it comes to tiebreak, coach Spock of the Heat said, "There is nothing like tiebreak, and I am really happy that we can all experience this."

In the history of the Heat’s team, they played in the tiebreak for 10 times, with a record of 6 wins and 4 losses. Since entering the Spock era, the Heat have won 4-2 in the tiebreaker, including 4-0 at home.

Butler is the only one in the Heat who can be trusted.

On the Celtics’ side, they experienced seven away games, and the Celtics won the most three away games with a winning rate of nearly 80% at home.

Among them, in the NBA finals in 1974, the Green Army beat the Bucks away to win the championship. However, after that, the Celtics lost four away tiebreaks in a row.

But history doesn’t mean that the Celtics have no chance-so far this season, the Celtics have been able to beat their opponents by 7.49 points, ranking fourth in NBA history.

In addition, the Celtics have never lost in a row this season. Since the playoffs, the Green Army has won every game after every defeat, with a record of 6 wins and 0 losses.

Brown broke through in the game.

The ability to adjust after losing is the label of Celtic this season. So at the beginning of the tiebreaker, the Green Army showed their aggressiveness.

They obviously strengthened the speed of changing the attack. In this section, the Celtics’ fast break score was 13-4, far ahead of the Heat, and the Celtics’ fast break score in the first quarter was only 1 point less than G6′ s whole game.

It is worth mentioning that Uduka canceled today’s pre-match shooting training. "In this series, I want players to have energetic legs and make them full of energy and vitality."

Under the continuous switching attack, the Celtics led by 32 to 17 in the first quarter, and the 15-point lead was also the biggest difference in the first quarter in the history of NBA tiebreak, while the Celtics led by 15 points in the first quarter in the history of playoff team, and their record was 21 wins and 0 losses.

At the home of the Heat, the Celtics made a perfect start, and the famous mouth Skip even tweeted: "The Celtics should set their home in Miami when they play the finals."

Butler hit the basket again and again.

Open Fire

In the Celtics’ voice tiebreak, the Heat can only rely on Butler.

In this game, Hiro, who missed three games, returned to the game list. He originally needed to rest for 1-2 weeks with a groin strain, but in the moment of life and death, Hiro forced his comeback.

Hiro’s forced comeback is commendable in spirit, but it’s hard to ask Hiro to do more in the intensity of the tiebreak. As Adebayor said: "This is a sensitive injury and he must take it slowly."

Hero, who appeared in the second quarter, not only failed to score, but also became the weak link of the Celtics’ main attack. Not only Hiro, but also the Heat’s starting lineup is quite weak on the offensive end-Lori made 0 shots in the first 5, and Struce and Tucker all missed the first 4 shots.

So the lonely hero Butler went online again. Butler, who scored 47 points in the last game, was still brave in the tiebreaker. At the beginning of the game, the Heat missed the continuous sports battle, and Butler broke the deadlock with a fast-break dunk.

In the second quarter, when the team’s attack was weak, it was Butler who propped up the whole team’s attack and scored 18 points to tie the single-quarter scoring record of his career in the playoffs.

Butler also made adjustments in the game. At the beginning of the game, Butler tried several shots and found that he felt bad, so he immediately switched the mode to kill the inside. Butler made 11 shots in the first half, and only 3 were out of the three-second zone.

Butler acupuncture treatment of knee.

The most representative goal was in the middle of the second quarter. Butler successfully scored 2+1 against the encirclement of the Green Army in the transition.

Throughout the first half, Butler scored 24 points on 8-for-11 shooting, Adebayor scored 11 points on 5-for-10 shooting, while other Heat players scored only 14 points on 3-for-17 shooting.

Before this game, Butler, who finished shooting training, even needed acupuncture to treat his knee.

In the case of Butler’s continuous attack on the inside, the game has already become a hand-to-hand combat. The Green Army made 16 fouls in the first half, which set a new high for the Green Army in the first half of this season.

Butler, who didn’t rest for a second in the first half, led the Heat to chase the score to 49-55, and the biggest difference between the two teams was only 6 points from 14 points.

Hiro came back with an injury.

Give everything you have until you die.

It’s more about the details that determine the outcome of the game.

As coach Spock said before the game, "It really depends on what kind of team you are, and it is a test of team habits. How much trust do players have?" What can you do at these critical moments? Can you do more than your opponent? "

In the last two minutes of G6, Butler scored a crucial 7-pointer, while Tatum and Brown of Celtic scored only one sports game in the last 4 minutes and 43 seconds. Not only that, Tatum also made many mistakes, and Brown wasted the key two penalty opportunities.

However, at that time, the shooting choice of double exploration was related to the defensive strategy of the Heat. As Tatum said after the game, "I think all I have to do is go on the court and feel the game, attract the defense’s attention and find the dislocation."

The same is true in the second half of the tiebreak. When the heat pressure gave us a double exploration, the role players of the Green Army stabilized the situation-Smart scored 9 points in a single quarter, and the Celtics once played a 17-9 offensive climax, but then the heat approached the score, and the Celtics led by 7 points in the third quarter and entered the last quarter.

Horford (right) tries to block Butler.

By the fourth quarter of the game, both sides had already given everything they had. Even when Adebayor fell, he elbowed White’s head and caused bleeding. Both sides still focused on the ball.

However, the Heat missed 7 shots in the fourth quarter and the score was pulled to double digits. But in the last two minutes of the game, the Heat scored 11-0, but Butler and Struce missed 3 points, and the Celtics finally won the victory.

When the smoke of Dongjue gradually dispersed, the warriors in the west were on a two-day vacation. The warriors who broke into the finals in advance will not start the team’s formal training until tomorrow.

As Cole said, "I think it’s important to rest. Both sides are very tired in the regional finals, and I think both teams in the East have felt this."

The Celtics will face an experienced warrior who has reached the finals six times in eight years.

According to the incomplete statistics of the Beijing News reporter, as of May 10, 65 home listed companies have released their 2019 annual reports.

　

In terms of revenue and net profit, enterprises in different fields are different, which can be described as mixed. The data shows that among 65 listed companies, 41 companies have achieved double growth in revenue and net profit, and 22 companies have negative growth in net profit. In addition, Yazhen Home, Yihua Life, Yongan Forestry and Dongyi Risheng suffered losses.

　

Among them, the competitive pressure in the home textile industry has increased; The transformation and upgrading of home stores has gradually opened up the road of new retail innovation; The growth rate of customized enterprises has slowed down, and comprehensive strength has become the key to PK; Decoration enterprises are in a difficult situation and are still exploring new online and digital modes. In addition, some wood furniture enterprises have suffered continuous losses and have implemented delisting risk warning.

　

Home textile industry: competitive pressure, some enterprises began to transform and upgrade.

　

In 2019, enterprises in the home textile industry faced greater market competition pressure, and some enterprises began to transform and upgrade. According to the statistics of the National Bureau of Statistics, from January to November 2019, the domestic output value of enterprises above designated size in China’s home textile industry reached 119.6 billion yuan, a slight increase of 0.44% year-on-year.

　

The Beijing News reporter learned that among the seven listed companies, Duoai, Luolai Life, Fuanna, Vosges, Mercury Home Textiles, Nanfang and Meng Jie, only Duoai has a total market value of over 10 billion, which is 10.54 billion yuan. Followed by Luolai Life and Fuanna, with a total market value of 7.617 billion yuan and 6.314 billion yuan respectively. Nanfang shares ranked last with 1.646 billion yuan.

　

The annual report shows that in 2019, the revenues and net profits of four companies, Duoai, Luolai Life, Mercury Home Textiles and Meng Jie, increased year-on-year, while the revenues and net profits of Fuanna, Vosges and Nanfang decreased year-on-year.

　

Among them, Duoai’s revenue in 2019 was 75.649 billion yuan, a year-on-year increase of 15.19%, and its net profit was 835 million yuan, a year-on-year increase of 1.85%. Both revenue and net profit ranked first. For the change of performance, I like to give two reasons. First, in December 2019, I completed the transfer registration procedures of major assets replacement, stock exchange, absorption and merger of Zhejiang Construction Investment Group Co., Ltd. and related transactions, and fulfilled the delivery obligation of the assets. Zhejiang Construction Investment Group Co., Ltd. became a holding subsidiary of the company, and its operating results were included in the scope of company merger. Second, after the reorganization, the company’s business has maintained steady development. The Beijing News reporter observed that the favorite revenue in 2018 was 903 million yuan, a year-on-year increase of 32.61%, and the net profit was 27.7848 million yuan, a year-on-year increase of 20.09%. Compared with 2018, its revenue and net profit growth slowed down significantly.

　

At the same time, the revenue and net profit of Luolai Life, Mercury Home Textiles and Meng Jie also increased year-on-year, with revenue of 4.86 billion yuan, 3.002 billion yuan and 2.604 billion yuan, up by 0.98%, 10.41% and 12.8% respectively. The net profit was 546 million yuan, 316 million yuan and 85 million yuan respectively, up by 2.16%, 10.69% and 119% year-on-year.

　

However, the revenue and net profit of Fuanna, Vosges and Nanfang declined in different degrees. Among them, Fuanna’s revenue was 2.789 billion yuan, down 4.44% year on year, and its net profit was 507 million yuan, down 6.72% year on year. Vosges’ revenue was 4.987 billion yuan, down 3.56% year-on-year, and its net profit was 387 million yuan, down 10.95% year-on-year. Nanfang’s revenue was 905 million yuan, down 10.58% year-on-year, and its net profit was 109 million yuan, down 41.44% year-on-year.

　

From the data point of view, the market competition pressure of home textile enterprises is greater. Compared with the data in 2018, the growth rate of revenue and net profit also dropped significantly. It is worth noting that in 2019, some home textile enterprises began to transform and upgrade, such as the transformation of Luolai Life into a one-stop brand retailer of home life, and the layout of new retail of Meng Jie shares.

　

Customized home: the overall growth rate slowed down, and one net profit showed negative growth for the first time.

　

In 2019, among the nine listed customized home furnishing enterprises, three have a total market value of over 10 billion, namely Oupai Home Furnishing, Sophia and Shangpin home delivery, with a total market value of 46.34 billion yuan, 17.94 billion yuan and 13.72 billion yuan respectively. The total market value of Dinggu Jichuang, which has been listed for more than one year, is 2.089 billion yuan, ranking ninth.

　

The annual report shows that in 2019, nine custom-made home furnishing enterprises still maintained an upward trend, but the growth rate has obviously slowed down. According to the data, Oupai Home Furnishing, Sophia and Shangpin home delivery occupy the first place, with revenues of 13.533 billion yuan, 7.686 billion yuan and 7.261 billion yuan respectively. Oupai Home Furnishing is the only enterprise with revenues of over 10 billion yuan. The net profits of the three companies were 1.839 billion yuan, 1.077 billion yuan and 528 million yuan respectively, and the growth of revenue and net profit did not exceed 18%.

　

The revenue growth rates of Piano, Golden Kitchen Cabinet, Wole Home and Zhibang Home are all above 20%, with year-on-year growth figures of 32.53%, 24.90%, 23.10% and 21.75% respectively. Its net profit increased by 23.33%, 15.37%, 51.24% and 20.72% respectively.

　

It is worth noting that Haolaike is the only one of the nine listed companies with negative net profit growth. In 2019, its revenue was 2.225 billion yuan, up 4.34% year-on-year, and its net profit was 365 million yuan, down 4.63% year-on-year. The Beijing News reporter learned that since its listing in 2015, Haolaike’s net profit has experienced negative growth for the first time. The 2019 annual report shows that the cost investment of Haolaike has increased, and both research and development expenses and financial expenses have increased year-on-year. Haolaike said that the R&D expenses increased by 63.16% compared with the same period of last year, mainly due to the increase in company categories and increased investment in product R&D and design. The financial expenses increased by 193.94% compared with the same period of last year, mainly due to the interest expense of convertible bonds accrued during the reporting period.

　

From the trend of various enterprises, customized enterprises continue to develop integrated business, pursue personalization, and explore new modes of Internet and digitalization. For example, Sophia officially upgraded the brand strategy to "cabinet customization expert", and Shangpin home delivery launched the development strategy of "new model+large-scale scientific and technological infrastructure".

　

In 2019, the customization boom is still unabated, but the growth rate of customized home furnishing enterprises is slowly slowing down. Some industry analysts pointed out that the customized home furnishing industry has entered the second half of competition, and enterprises have made efforts in brands, channels, products and services, and the future PK is comprehensive strength.

　

Wood furniture: Three enterprises suffered losses and were warned of delisting risk.

　

In 2019, wood furniture enterprises were also happy and sad.

　

According to the incomplete statistics of the Beijing News reporter, in 2019, among the 20 listed wood furniture enterprises such as Gujia Home, Daya Icon and Qumei Home, 17 enterprises were profitable. However, three companies suffered losses and were all warned of delisting risks, namely Yazhen Home, Yihua Life and Yongan Forestry, with net profit losses of 125 million yuan, 185 million yuan and 236 million yuan respectively.

　

Among them, Yazhen Home has suffered a net loss for two consecutive years. From April 29, 2019, Yazhen Home implemented a delisting risk warning, and the stock abbreviation was changed to "*ST Yazhen", and it was suspended for one day on April 28, 2019. For the reason of the loss, Yazhen Home explained that due to the domestic economic environment, industry competition and household consumption classification, the revenue did not meet expectations and the overall gross profit margin declined; As well as high costs such as rent and decoration amortization, store sales are still greatly affected by the market environment, the losses of direct subsidiaries have increased, and the impairment losses of some assets have further expanded on the basis of last year.

　

It is worth noting that on January 5, 2020, Yazhen Home also released a plan to issue shares and pay cash to purchase assets and raise matching funds and related transactions. The plan shows that Yazhen Home will reorganize its assets and intends to purchase 100% equity of Jinmei Intelligent held by Bai Xiangfeng and Liu Youhe in total by issuing shares and paying cash. The transaction price does not exceed 1 billion yuan.

　

Contrary to loss-making enterprises, the net profit of Gujia Home, Daya Shengxiang and Zhejiang Yongqiang ranked in the top three, with 1.161 billion yuan, 720 million yuan and 500 million yuan respectively. Among them, Gujia Home is the only enterprise with a total market value of over 10 billion yuan, with a total market value of 24.88 billion yuan. In addition, Gujia’s home furnishing revenue was 11.094 billion yuan, a year-on-year increase of 20.95%, and its operating income exceeded 10 billion for the first time. According to the annual report, in 2019, Gujia Home continued to increase the number of channels, continued to enter new properties, expanded new channels such as department stores, B&Q, Suning and Shangchao, and entered more than 100 blank cities. At the same time, the "1+N+X" layout was initially realized, and the store status was fully upgraded to realize digitalization of channel management.

Home Store: "Transformation" Becomes a synonym

　

In 2019, "transformation" became synonymous with traditional home stores, and "big consumption" transformation, digital transformation and immersive experience emerged one after another.

　

According to the annual report, in 2019, the revenues and net profits of three home stores, namely Easyhome, Red Star Macalline and Fu Sen Mei, all achieved double growth. Among them, Red Star Macalline’s revenue was 16.469 billion yuan, a year-on-year increase of 15.66%, and its net profit was 4.480 billion yuan, a year-on-year increase of 0.05%. Easyhome’s revenue was 9.085 billion yuan, up 7.94% year-on-year, and its net profit was 3.126 billion yuan, up 60.08% year-on-year. Fu Sen US revenue was 1.619 billion yuan, up 13.96% year-on-year, and net profit was 801 million yuan, up 8.97% year-on-year.

　

It is worth noting that Easyhome landed in A shares on December 26, 2019, and its total market value has reached 48.10 billion yuan, temporarily ranking first. The Beijing News reporter learned that since the start of strategic cooperation with Alibaba in February 2018, Real Home has started a new retail exploration journey, and continued to transform into "big consumption" in 2019, with outstanding data performance. Take double 11 as an example. In 2018, the sales of Easyhome exceeded 12 billion yuan, and in 2019, the sales of Easyhome nationwide reached 20.881 billion yuan.

　

Red Star Macalline is also launching new retail. Since May 2019, it has cooperated with Alibaba in many aspects. At the business level, at present, Red Star Macalline’s "Dragon Wing System" has been connected with Alibaba’s "Meow Zero POS System", further making the overall digitalization of people, goods and fields in the home furnishing industry a reality.

　

Household practitioners say that offline chain stores and online operations do online business in order to improve offline customer acquisition ability, and the goal of digital transformation is to make offline ecology prosper.

Decoration: Decoration enterprises explore new online and digital modes.

　

In 2019, it was not smooth for decoration enterprises, and "hardship" became a multi-frequency vocabulary for some home improvement entrepreneurs. According to the data of the annual report, the revenue and net profit of some enterprises also declined to varying degrees, among which one home improvement enterprise suffered losses.

　

According to the incomplete statistics of the Beijing News reporter, among the 13 decoration enterprises, the total market value of Jintang and Yaxia shares exceeds 10 billion yuan, which are 21.85 billion yuan and 13.36 billion yuan respectively. At the same time, the revenue and net profit of Jintang and Yasha also ranked first and second, with revenue of 30.835 billion yuan and 10.786 billion yuan respectively, and net profit of 2.349 billion yuan and 426 million yuan respectively.

　

It is worth noting that Dongyi Risheng’s revenue was 3.799 billion yuan, ranking sixth among 13 decoration enterprises. However, the revenue decreased by 9.62% year-on-year. In addition, the net profit loss was 249 million yuan, a year-on-year decrease of 198.7%. Dongyi Risheng explained that the decline in revenue was mainly caused by the decline in home improvement business, while the net profit loss was mainly due to the decline in revenue and impairment of goodwill.

　

In addition, the revenue and net profit of some enterprises have also declined. Among them, Baoying’s revenue decreased by 2.61% and its net profit decreased by 26.73%. The revenue of Mingjiahui decreased by 4.18% and the net profit decreased by 53.16% year-on-year.

　

The Beijing News reporter learned that decoration companies are also exploring a new model of online and digital home improvement in 2019. In 2019, Dongyi Risheng insisted on the road of home improvement through science and technology, and used digital means to improve delivery efficiency. At the same time, Qijia. com, the main operator of Qiyi Technology, which is the representative of Internet home improvement, is also promoting the digital transformation of installation enterprises. In 2019, Qijia. com released the 2020 "Torch Upgrade Plan", which screened and supported 1,000 high-quality home improvement enterprises nationwide, and the first batch of 100 star-rated enterprises formed Qijia. com’s "Torch Library" to provide all-round support for selected enterprises, give priority to development and upgrading, and promote the home improvement industry to the Internet and digital form.

　

Cement building materials: the advantages of head enterprises are obvious, and the total market value of five enterprises exceeds 10 billion.

　

In the field of cement building materials, the Beijing News reporter learned that among the seven enterprises including Jinyu Group, Dongfang Yuhong, Sanshu and Jiayu, five enterprises have a total market value of over 10 billion yuan, namely Dongfang Yuhong 61.02 billion yuan, Beixin Building Materials 40.87 billion yuan, Jinyu Group 35.24 billion yuan, Sanshu 21.23 billion yuan and Weixing New Materials 19.81 billion yuan. Among them, Jinyu Group, Oriental Yuhong and Weixing New Materials ranked in the top three, with net profit of 3.694 billion yuan, 2.066 billion yuan and 983 million yuan respectively.

　

In addition, the revenue of Beixin Building Materials increased by 6.03% year-on-year, but the net profit decreased by 82.11% year-on-year. The Beijing News reporter noted that in 2019, the annual report of Beixin Building Materials mentioned that the company’s non-operating expenditure in 2019 was 2.091 billion yuan, compared with 268 million yuan in 2018, a year-on-year increase of 681.33%. In this regard, Beixin Building Materials explained that the main reason for the increase was the increase in attorney’s fees and settlement fees for plasterboard matters in the United States caused by Taishan Gypsum, a company and its secondary subsidiary. It is understood that since 2009, many homeowners and housing construction companies in the United States have filed many lawsuits against at least dozens of gypsum board manufacturers, including Beixin Building Materials and Taishan Gypsum Co., Ltd., on the grounds of gypsum board quality problems.

　

At the same time, the Beijing News reporter noted that the total market value of Jiayu shares was only 2.1 billion yuan, and at the same time, its revenue and net profit showed a double decline. In 2019, Jiayu’s revenue was 3.437 billion yuan, down 19.21% year-on-year, and its net profit was 26 million yuan, down 56.54% year-on-year.

　

The data shows that there is a big difference in revenue and net profit between cement building materials enterprises, and the head enterprise has obvious advantages, while the tail enterprise has disadvantages in competition, so it is necessary to find a breakthrough in innovation.

　

Bathroom industry: the competition is still fierce, and the two companies have negative growth.

　

In 2019, the competition in the bathroom industry is still fierce. At the same time, the whole industry still shows a trend of declining demand at the retail end and intensifying competition at the engineering end. The Beijing News reporter learned that among the six companies involved in Dior Home, Huida Sanitary Ware, Aopu Home, Songlin Technology, Ruierte and Seagull, the difference in their net profits is not great. Among them, the net profit of Dior Home ranked first with 566 million yuan, followed by Huida Sanitary Ware and Aopu Home, with net profits of 329 million yuan and 268 million yuan respectively. Seagull residents are temporarily ranked sixth with 131 million yuan.

　

However, in 2019, among the six enterprises, only the total market value of Dior Home exceeded 10 billion yuan, reaching 11.60 billion yuan, its revenue was 5.57 billion yuan, up 29.29% year-on-year, and its net profit was 566 million yuan, up 48.70% year-on-year. Both revenue and net profit ranked first. For the growth of performance, Dio Home explained that the synergy effect generated by its high integration with Oushennuo is remarkable, and the comprehensive competitive advantage accumulated by Oushennuo’s self-operated projects over the years has been continuously exerted. At the same time, the retail model innovation and channel sinking layout have been continuously carried out, and the overall operation of Dio Home in 2019 has achieved contrarian growth.

　

According to the annual report, sanitary ware and building ceramics are the two main business sectors of Dior Home. Among them, the bathroom sector is the traditional main business of the company and owns the "Emperor" bathroom brand. However, in terms of sectors, its growth is largely driven by the tile sector, and the performance of the bathroom business has shrunk.

　

In addition, Aopu Home and Songlin Technology experienced negative growth in revenue and net profit. Among them, Aopu Home was listed on the A-share market on January 15, 2020, with its revenue down by 2.05% and net profit down by 11.41%. The revenue of Songlin Technology decreased by 1.14% year-on-year, and the net profit decreased by 0.85% year-on-year.

　

It is worth noting that although the net profit of seagull residents was at the bottom of 131 million yuan, its growth rate ranked first, with a year-on-year increase of 212.03%. It explained that in 2019, we will vigorously develop the domestic sales business of our own brands, such as customized bathroom, cabinets and smart homes, and the business results of the integrated bathroom in the previous strategic layout are outstanding. From the trend of various bathroom enterprises, most enterprises are expanding the whole bathroom business.

　

The industry believes that with the upgrading of consumption, consumers’ requirements for quality have gradually increased, which is a good opportunity for brands with high quality. In addition, the concentration of bathroom industry is not high, even the leading brands at home and abroad still have a lot of room for development.

(Data as of May 10, 2020)

　

Beijing News reporter Zhang Jie

Editor Peng Yali proofreads Liu Baoqing.

　　　　On September 21st, the 4th Asian Color Forum, which lasted for two days, ended successfully in Wuxi City, Jiangsu Province. While interpreting the colors of life in Asia, this forum fully demonstrated the viewpoint that color is productivity and competitiveness by combining the analysis of fashion elements of colors in the world. The trend of Asian color fashion in 2008/09 was also formally confirmed during this period.

　　　　Zhang Huaixi, Vice Chairman of Chinese People’s Political Consultative Conference, announced the opening of the forum. Cheng Donghong, Secretary of the Secretariat of China Association for Science and Technology, Xu Kunyuan, Vice Chairman of China Textile Industry Association, Sun Ruizhe, Vice Chairman of China Textile Industry Association, Chi Zongjun, President of China Textile Newspaper, relevant leaders of Wuxi City, and color experts and scholars from South Korea and Japan attended the opening ceremony.

　　　　In his speech, Xu Kunyuan pointed out that the application of color science is of positive significance for realizing the transformation of the industry from "Made in China" to "Created in China" and from "World Processing Factory" to "Fashion Birthplace". The success of this forum will bring the latest fashion trends in the world to Asia and China, thus promoting the further development of China’s fashion industry.

　　　　Liang Yong, executive vice president of China Fashion Color Association, said that the Asian Color Forum aims to build a larger international exchange platform for Asian enterprises, so that enterprises can exchange with each other in a broader scope, learn from each other’s strong points and fully grasp the value of color science.

　　　　At the main forum of this Asian Color Forum, Qiu Jiayu, the design director of China Lenovo Group, and Guan Che, the authority of Japanese fashion industry, gave speeches on topics such as color making new competitiveness and clothing color trends, and shared their understanding of color economy with the participants. At the color wealth forum held later, color and design experts of well-known brands such as Sony, Lenovo, Samsung, LG and Haier discussed that color is productivity with industrial color and innovative design as the breakthrough point. Color is the theme of competitiveness. Representatives of well-known domestic clothing enterprises such as Metersbonwe Bang Wei, bindwood, Aimer and Gage had extensive exchanges with color experts.

　　　　At the Asian Fashion Color Trend Seminar, Asian Home Color Trend Seminar and Asian Cosmetic Color Trend Seminar held during this forum, the trend research institutions of China, Japan and South Korea and representatives from well-known enterprises at home and abroad jointly determined the Asian color trend in 2008/09.

　　　　On the occasion of the Asian Color Forum, China Fashion Color Association knitted fabric color research and development base and China textile fashion color application demonstration base also officially settled in Wuxi Natural Textile Industry Co., Ltd. and Jiangsu Xiake Environmental Protection Color Spinning Co., Ltd.

Editor: Tian Shijia

    On November 26th, the 21st Guangzhou International Automobile Exhibition (hereinafter referred to as "Guangzhou Auto Show") came to a successful conclusion. The ten-day exhibition attracted a total of 847,000 visitors. During the auto show, 67 press conferences were held, and 12,000 media personnel from nearly 5,000 media organizations at home and abroad participated in the coverage of the exhibition, reaching a record high. With the participation of domestic and foreign enterprises and the strong support from all walks of life, this Guangzhou Auto Show has been a complete success.

   New energy vehicles lead the transformation of automobile industry.

    At present, China’s automobile industry is in a critical period of high-quality development. New energy vehicles are an important path for China to move from a big automobile country to a strong automobile country. Since 2015, China’s production and sales of new energy vehicles have ranked first in the world for eight consecutive years and become one of the important forces in the transformation and development of the world automobile industry. At this year’s Guangzhou Auto Show, 1,132 cars were exhibited, including 469 new energy vehicles, accounting for more than 40%. There are 350 brand new energy exhibition cars in China, accounting for more than 70% of all new energy exhibition cars. China’s first-Mover advantage in new energy is changing from sales advantage to technical advantage, and gradually leads the new direction of the world’s new energy automobile industry reform.

   Intelligent technology leads the new era of automobile intelligent driving

    With the rapid development of artificial intelligence and Internet of Things technology, intelligent driving technology of automobiles has also ushered in a period of rapid development. At this year’s Guangzhou Auto Show, exhibitors competed to showcase the latest scientific and technological achievements and launched an all-round competition on smart car products. From super hybrid to silicon carbide high-performance motor, from front and rear dual motors to four-wheel independent drive, from super fast charging to extremely fast power exchange, from laser radar to visual perception, from automatic parking to intelligent driving, from emotion recognition to AI assistant, from car-level semiconductor to high-computing chip, from big data model driving to decoupling of software and hardware platforms, from full-stack self-research to ecological coordination, the world’s leading technology has gathered in Yangcheng, and the intelligent driving technology has accelerated to get on the bus, reaching an unprecedented new height.

   The annual global automobile event promotes the development of dual-cycle economy

    Since the beginning of this year, China’s economy has continued to pick up, the automobile industry has been well repaired on the supply side, and the demand side is gradually picking up. Especially since the third quarter, automobile production and sales have stabilized and rebounded and maintained a good momentum. While the domestic market is booming, China’s cars are also making great strides in going to sea. From January to October this year, China exported 3.922 million vehicles, up 59.7% year-on-year, and is making great strides towards becoming the world’s first automobile exporter. With the rapid development of China automobile market for 20 years, Guangzhou Auto Show has become one of the most important platforms for domestic and foreign mainstream automobile brands to explore and operate the China market, and it is also an important window for China brands to sail out to sea. Although the global economic growth continues to slow down this year, the major manufacturers in the automobile industry are facing new challenges. This year’s Guangzhou Auto Show is still highly concerned by all parties. Mainstream manufacturers are enthusiastic about participating in the Guangzhou Auto Show, and all domestic and foreign automobile brands have made their debut, bringing heavy models and the latest technology. They have fully participated in this Guangzhou Auto Show and assembled the most elite forces at the exhibition site.

   Update iteration of professional exhibition area mode

    With the overall transformation of automobile power source, production and operation mode and consumption and use mode, the ecology of new energy automobile industry is gradually evolving from the "chain relationship" among parts, vehicle R&D, production and marketing service enterprises to the "network ecology" involving multi-subjects in automobile, energy, transportation, information and communication. Guangzhou Auto Show meets the needs of the market and closely follows the development trend of the industry, transforming and upgrading the original "parts and supplies exhibition area", expanding the coverage of exhibits, enriching the exhibition theme, and focusing on displaying many new industrial chain supporting products. The "Automobile Supplies Theme Pavilion" has been upgraded to a "Life Museum" with "New Life" as its core, focusing on a wider automotive aftermarket, expanding themes such as RV camping, self-driving travel, consumer electronics, car modification, and cultural and creative surroundings around car life, constantly enriching the contents of exhibits, expanding the connotation of exhibition areas, and building a new mode of supporting industrial chain that is suitable for the new auto time industry.

   Concurrent meetings promote high-quality development of the industry.

    On November 16th-17th, the Guangzhou Automobile Industry Development Conference, under the guidance of Guangzhou Municipal People’s Government and Guangdong Provincial Department of Industry and Information Technology, and sponsored by China Council for the Promotion of International Trade Automobile Industry Branch and China Foreign Trade Center, was held in the International Convention Center of the Canton Fair. With the theme of "Implementing High-quality Development and Rebuilding the New Pattern of China Automobile", this conference attracted the participation of automobile industry leaders, experts and scholars, business representatives and investors from all over the world. Focusing on the development trend, technological innovation, market opportunities and policy environment of the automobile industry, the conference focused on the high-quality development of China’s automobile industry, and conducted in-depth discussions with global elites from the dimensions of automobile consumption, investment environment, intelligent driving and China brand building, so as to discuss the new future of industrial development. As the official forum of Guangzhou Auto Show, Guangzhou Automobile Industry Development Conference and Guangzhou Auto Show formed a positive interaction. More than 40 exhibitors and industry guests participated in the speech sharing, and nearly 100 participating media reported on the spot. International A-class auto show and national industrial congress promote each other, and constantly promote the high-quality development of China automobile industry.

   Digital innovation and upgrading of exhibition services

    This year’s Guangzhou Auto Show implements the theme of "New Technology, New Life", digitally upgrades the exhibition services by introducing new technologies, and conducts all-round intelligent management from the aspects of service reservation, ticket distribution and audience admission. In terms of exhibition preparation and withdrawal services, the Organizing Committee uses the digital service platform of the exhibition hall to open up personnel management and vehicle management systems. By opening online accounts, exhibitors can realize one-stop accreditation functions such as online booking, submission of materials, vehicle registration and WeChat payment. In terms of access control service, the upgraded real-name registration system system is connected to the national public safety real-name authentication for the first time. Besides swiping the ID card, the two-dimensional code mode is added to further improve the efficiency of admission. In terms of supporting services, the exhibition site provided intelligent self-service storage service for the general audience, and the upgraded Chinese food city and various tea breaks and light snacks provided the audience with a more comfortable and convenient visit experience.

    Seventy years of long journey, China autobots Mu Feng comb rain, wearing stars Dai Yue; In the past 21 years, Guangzhou Auto Show and the global auto industry elites have witnessed the prosperity and development of China’s auto industry. In the future, Guangzhou Auto Show will continue to adhere to the theme of "new technology, new life", keep in mind the initial mission, constantly explore and innovate, and contribute to the development of the world automobile industry. The 22nd Guangzhou International Automobile Exhibition will be held in the Canton Fair Exhibition Hall from November 15th to 24th, 2024. We are willing to work together with colleagues in the global automobile industry to write a bright new future for the automobile industry!

As mentioned in the preface, the "Dark Shadow Edition" of this test drive is based on the D300 diesel model of 2025, so there is no difference between the car body size and the general model. The length, width and height are maintained at 4,946 x 2,047 x 1,820 mm, and the wheelbase is maintained at 2,997 mm In terms of appearance, the "Dark Shadow Edition" model is painted with Santorini Black santorini black metallic paint and decorated with exclusive black appearance kit, so the water tank cover, the word Range Rover on the front edge of the hood, the decorative strips on both sides of the front bumper, etc. are all blackened and painted, while the lamp group remains the same as the standard model, equipped with slender Pixel LED headlights.

On the side of the car, the sports version of the dark shadow version implements the style of blackening the whole car, adopts the same color paint on the roof of the car body, and is equipped with the lens of CleaeSight electronic interior rearview mirror and shark fin antenna above. The car body maintains simple lines and the planning of hidden door handles, including front fender, rearview mirror and other details, and also adopts black mirror painting. It is equipped with 21-inch five 5126 satin dark gray aluminum rings and black brake calipers under its feet. The tire matching specification is 275/50 R21, and the lower edge of the car body is made of plastic scratch-proof material. In addition, the side pedal of the electric telescopic car is upgraded for limited models, and the metal texture Range Rover is engraved on the top.

Like the general Range Rover Sport Edition, the Dark Shadow Edition has a rounded and flat rear end design, with a three-dimensional tail wing on the top and a rear gear line inclined like a running grid. The LED taillight group (including dynamic direction indicator) is integrated through the trim strip, and the blackened word "Range Rover" is embedded inside. The word "Sport" symbolizing the sporty model is independent of the left taillight, and the rear bumper is integrated with plastic scratch-proof material.

Continue the simple interior of the New Year’s model, and double 13-inch screens form a technology cockpit.

Continuing the interior architecture of the 2025 model, the Range Rover Sport Shadow Edition is equipped with a 13.7-inch fully digitized HD floating dashboard, which provides brand-used double-ring, single-ring centralized, full-map, and full-driving auxiliary screen style switching. In addition to different driving mode switching, the display content also integrates driving information, driving auxiliary system, original factory navigation screen, 4x4i off-road information, etc., and the front is equipped with a fully leather-covered electric adjustment steering wheel. The overall interface is the same as that of the brand’s cars. It is matched by metal-like decorative strips and piano paint buttons. The function keys on the left provide instrument switching and voice control, while the function keys on the right are responsible for setting the driver assistance system.

PIPIPro system integrates four-zone constant temperature air conditioning and driving mode switching interface.

After the new year’s model change, the Range Rover has adopted a 13.1-inch Pivi Pro multimedia touch screen with a simple central saddle design. The "Shadow Edition" model of this test drive also integrates driving mode switching, four-zone constant temperature air conditioning (with air quality detection function), double front seat adjustment and other functions into the touch screen. In addition, the factory navigation, Apple CarPlay, Android Auto, 360-degree 3D panoramic system, 4x4i off-road information, Terrain Response 2 advanced all-terrain response, advanced ATPC all-terrain travel control and other settings are provided.

Sandalwood black car room layout, with metal aluminum decorative board.

The dark version of the Range Rover Sport Edition for this test drive adopts ebony black interior in the cab layout, with ebony black car ceiling. After the central saddle is simplified, only the electronic wire transmission gear and engine start button are reserved, and the surrounding is painted with black piano and dark chrome trim, providing wireless charging board and retractable cup holder. The empty basket structure below additionally provides USB-C power supply jack, and the rear cup holder and the door adopt exclusive metal aluminum decorative board, which forms a cool technology together with the pure black interior.

Change the grain leather double front seats, and the rear seat has an exclusive air conditioning interface setting.

In terms of seats and interior materials, the original Range Rover Sport comes standard with leather interior kit (including steering wheel), Windsor LeatherWindsor leather double front seats, and has 20-way electric adjustment/memory/heating function; Under the adjustment of equipment, the "Dark Shadow Edition" model of this test drive is replaced with Grained Leathergrain leather double front seats (with 12-way electric adjustment/memory/heating function), and the rear seat back can be adjusted electrically. Behind the central armrest, the third and fourth zone constant temperature air conditioning setting interfaces and independent air outlets are provided, and two sets of USB-C and a set of 12V power supply jacks are provided below.

The Range Rover Sport Edition comes standard with an inductive electric tailgate. According to the data released by the original factory, the rear compartment space can provide 647 liters of volume in the standard five-person riding mode, provide a retractable curtain barrier and a 6/4 seat back tilting function, and release 1,491 liters of storage volume after dumping.

Diesel power continues its excellent running precision, with a maximum horsepower of 300 horsepower.

Different from the P400 gasoline power of the last test drive, the Shadow Edition of the Range Rover Sport is equipped with the same Ingenium 3.0-liter 6-cylinder diesel turbocharged engine (with a displacement of 2,997 c.c) as the D300 model, with an 8-speed ZF manual transmission and light oil and electricity technology. The maximum output horsepower is 300 horsepower (PS) and the maximum torque is 650 Nm. According to the original factory data, it takes only 6.4 seconds to accelerate from standstill to 100 kilometers per hour, and the top speed can reach 218 kilometers.

Actually driving on the road, this 3.0-liter straight 6 diesel power unit, like other brands in the past, provides quite high operational exquisiteness during driving, effectively suppresses noise and even vibration, and maintains the level used by luxury brands; Thanks to the characteristics of diesel engine, the torque of 650 Nm can be triggered at 2,500 rpm, which provides a brisk and real-time dynamic response for Range Rover Sport.

The performance of sports is not absolute, and the dynamic response tends to be stable and comfortable.

From the driving experience and the feeling of riding in the car, the Range Rover Sport Shadow Edition is equipped with a dynamic pneumatic suspension system, which can not only meet the challenges of different driving modes and road conditions, but also meet the demands of most luxury leisure travel experiences. As a relatively "Sport" model in the car brand, the dynamic performance is not an absolute performance and a sporty presentation, but a balance between road feeling and comfort is achieved through sufficient support and a calm and neat chassis response.

The measured driving assistance system provides intuitive operation adjustment.

During the test run, when there are many traffic jams on expressways and snow tunnels, driving fatigue can be greatly reduced by using ACC active constant speed control system (including steering wheel assistance) and LKA lane maintenance assistance through the driving assistance system carried by Range Rover Sport Shadow Edition. The system operates to maintain the delicate and stable brand setting, and the driver can intuitively adjust the auxiliary system through the control interface on the steering wheel and the 13.7-inch digital instrument.

Under the condition of having almost the same level of equipment as the general version of Range Rover Sport Edition, Dark Shadow Edition provides a unique aura of exclusive kits and limited models, which is indeed quite attractive to potential consumers who agree with the brand concept and product characteristics, and becomes a choice worthy of consideration in car purchase.

write an article　/Tu Yanping

edit　/Huangda Road

design　/Zhao Yongshun

In May 2023, Musk revealed that Tesla FSD V12 would adopt an end-to-end solution. In March 2024, Tesla began to push V12 on a large scale.

According to the statistics of the third-party website FSD Tracker, after the update of Tesla FSD V12, compared with the previous version, the proportion of trips that users completely took over increased from 47% to 72%, and the average take-over mileage (MPI) increased from 116 miles to 333 miles.

On the Tesla FSD V12, the end-to-end autopilot technology has shown great strength.

With the development of AI and big model technology entering a new stage, end-to-end technology has become the focus of the autonomous driving industry. So, what is end to end? To what extent has its technology evolved?

In June 2024, Chentao Capital, Nanjing University Shanghai Alumni Association Autopilot Branch and Jiuzhang Zhijia jointly released the 2024 End-to-end Autopilot Industry Research Report (hereinafter referred to as the Report), which made an all-round analysis from the basic concepts, participants, development drivers, landing challenges and future prospects of end-to-end autopilot.

The Report systematically sorts out the concept of end-to-end autonomous driving technology, puts forward a set of terminology system for reference, and defines the basic concepts of end-to-end.

The Report pointed out that in the early days, the core definition of end-to-end was "a single neural network model from sensor input to control output". In recent years, the concept of end-to-end has been extended to a wider extent. According to the Report, the end-to-end core definition standard should be: lossless transmission of perceived information and global optimization of autonomous driving system.

Based on this definition, combined with the application degree of AI in the autopilot system, the Report divides the autopilot technology architecture into four stages:

The first stage:Perceive "end to end". The sensing module realizes the "end-to-end" at the module level through BEV (Bird Eye View) technology based on multi-transmitter fusion.

The second stage:Modeling of decision planning. Functional modules from prediction to decision-making to planning have been integrated into the same neural network.

The third stage:Modular end to end. Perception module no longer outputs the results based on human understanding definition, but gives more feature vectors. The comprehensive model of predictive decision planning module outputs the results of motion planning based on feature vectors. The two modules cannot be trained independently, and they must be trained simultaneously by gradient conduction.

The fourth stage:One Model end to end. There is no clear division of functions such as perception and decision planning, and the same deep learning model is directly used from the input of the original signal to the output of the final planning trajectory.

Among them, the last two stages meet the above-mentioned end-to-end definition standards.

In addition, the report also distinguishes and analyzes the differences and connections between end-to-end and big model, world model, pure visual sensor scheme and other confusing concepts.

In April, 2016, NVIDIA team published a paper named End to End Learning for Self-driving Cars, which showed the end-to-end autopilot system DAVE-2 based on Convolutional Neural Network, CNN).

The system processes the camera image in front of the vehicle through CNN, and directly outputs the steering angle. During the training process, the model learns by simulating driving data. The Report calls it a pioneering work in the field of end-to-end autonomous driving in recent years.

At present, there are many players with end-to-end autonomous driving in the market. The Report divides them into several categories:

First, the OEM. Such as Tesla, Xpeng Motors, HarmonyOS Zhixing, Weilai and Zero One.

On May 20, 2024, Xpeng Motors held an AI Day conference to announce that the end-to-end large model was on the bus.

On April 24th, 2024, Huawei launched a new version of intelligent driving system-Gankun ADS 3.0, which realized the modeling of decision-making planning and laid the foundation for the continuous evolution of end-to-end architecture.

In addition, Weilai plans to go online in the first half of 2024 based on the end-to-end active safety function, and Zero One Automobile, a new energy heavy truck technology company, plans to realize the deployment of end-to-end autonomous driving by the end of 2024.

Second, autonomous driving algorithm and system company. Such as Yuanrong Qixing, Zhizhi Robot, Shang Tang Jueying and Xiaoma Zhixing.

Horizon proposed the end-to-end algorithm Sparse4D； for automatic driving perception in 2022; In 2023, UniAD, the first publicly published end-to-end autopilot model in the industry, was published by Horizon Scholar I, and won the best paper of CVPR 2023.

In August, 2023, Xiaoma Zhixing opened three traditional modules of perception, prediction and regulation, and unified them into an end-to-end autopilot model. At present, they have been simultaneously installed in L4 self-driving taxis and L2 auxiliary driving passenger cars.

On the eve of the 2024 Beijing Auto Show, NVIDIA revealed the development plan of the autonomous driving business, and mentioned that the second step of the plan was to "achieve a new breakthrough in L2++ system, and get on the LLM (large language model) and VLM (visual language model) models to realize end-to-end autonomous driving".

At the Beijing Auto Show in April, 2024, Yuanrong Qixing demonstrated the high-level intelligent driving platform DeepRoute IO and the end-to-end solution based on DeepRoute IO. Shang Tang Jueying introduced the end-to-end autopilot solution "UniAD" for mass production and the next generation autopilot technology, DriveAGI. The former belongs to the "modular end-to-end" type, and the latter is "One Model end-to-end".

During the 2024 Beijing Auto Show, Du Dalong, co-founder and CTO of Jianzhi Robot, revealed that GraphAD, the original self-driving end-to-end model of Jianzhi Robot, has been mass-produced and deployed, and is being jointly developed with head car companies.

Third, self-driving generative AI companies, such as Nimbus Intelligence and Nimbus Intelligence.

Founded in early 2023, Optical Wheel Intelligence has developed a self-developed full-link solution for end-to-end data and simulation. In September, 2023, Nimbus Intelligent launched DriveDreamer, a world model of autonomous driving, which can realize full-link closed-loop simulation of end-to-end autonomous driving, and can be extended to directly output end-to-end action instructions.

Fourthly, academic research institutions, such as Shanghai Artificial Intelligence Laboratory and Tsinghua University MARS Lab.

Since 2023, driven by Tesla’s benchmarking role, the AGI technology paradigm represented by the big model, and the anthropomorphization and safety requirements of autonomous driving, the attention of the autonomous driving industry to end-to-end has been heating up, and end-to-end has gradually become the consensus of the autonomous driving industry.

According to a survey of more than 30 front-line experts in the autonomous driving industry in the Report, 90% of the respondents indicated that the company they work for has invested in the research and development of end-to-end technology.

The Report analyzes the challenges faced by the end-to-end solution, including technical route, data and computing power requirements, testing and verification, and organizational resources investment.

First, differences in technical routes.

For example, "modular end-to-end" adopts the training paradigm of supervised learning, and "One Model end-to-end" may pay more attention to autoregressive and generative training paradigms, and both routes have company bets. According to the Report, in the next 1-2 years, as more companies and research institutions increase investment in the end-to-end field and launch products, the technical route will gradually converge.

Second, the demand for training data is unprecedented.

Under the end-to-end technology architecture, the importance of training data has been enhanced as never before. Among them, issues related to data quantity, data labeling, data quality and data distribution may all become challenges that limit end-to-end application. The Report suggests that synthesizing data and establishing a data sharing platform may be the solution.

Third, the demand for training computing power is getting higher and higher.

Most companies say that 100 large computing GPUs can support an end-to-end model training. And end-to-end into the mass production stage, the demand for training computing power has increased dramatically.

At the 2024Q1 earnings conference call, Tesla said that there are already 35,000 H100 GPUs, and plans to increase to more than 85,000 H 100 GPUs in 2024. Previously, it also deployed a larger A100 GPU training cluster.

In August, 2023, Tucki announced the establishment of the "Fuxuan" Intelligent Computing Center for Autopilot, with a computing power of 600PFLOPS (calculated from the FP32 computing power of NVIDIA A100 GPU, it is equivalent to about 30,000 A100 GPUs).

In addition, Shang Tang Big Device has laid out a nationwide integrated intelligent computing network, with 45,000 GPUs, with an overall computing power of 12000PFLOPS, which will reach 18000PFLOPS by the end of 2024.

According to the "Report", "Most companies that develop end-to-end autonomous driving are currently at the kilocalorie level. As the end-to-end gradually moves towards a large model, the training computing power will be stretched."

Fourth, the test and verification methods are not mature.

The existing test and verification methods are not suitable for end-to-end autonomous driving, and the industry urgently needs new test and verification methodology and tool chain.

Fifth, the challenge of organizational resource input.

End-to-end needs to reshape the organizational structure and tilt resources to the data side, which challenges the existing model.

In addition, some people think that the lack of computing power and interpretability are the limiting factors for end-to-end landing, and the Report puts forward the opposite conclusion.

The "Report" predicts that the mass production time of the modular end-to-end scheme of domestic autonomous driving companies may be in 2025, and the end-to-end landing time of One Model will be 1-2 years later than the modular end-to-end, from 2026 to 2027. Start mass production.

This will drive the upstream technological progress and the evolution of the market and industrial structure.

Technically, end-to-end landing will accelerate the progress of upstream tool chains and chips on which it depends; On the market side, the improvement of end-to-end autonomous driving experience will bring about an increase in the penetration rate of high-order assisted driving, and may also drive the application of autonomous driving across geographical regions, countries and scenes; In terms of industrial structure, end-to-end further enhances the importance of data and AI talents, which may lead to new industrial division of labor and business models.

In the early stage of development, autonomous driving draws lessons from the accumulation of many robot industries in perception algorithms, planning algorithms, middleware and sensors. In recent years, autonomous driving technology and industrial maturity have improved, among which the AGI technology paradigm provided by end-to-end autonomous driving has a feedback effect on the universal humanoid robot industry.

The "Report" believes that with the continuous progress of AI technology, the mutual integration and mutual reference of autonomous driving and robotics will be deeper, jointly promoting AGI (General Artificial Intelligence) to the physical world and creating greater social value.

Text | Zhang Shule (columnist of People’s Daily Online and People’s Post and Telecommunications, observer of Internet and game industry)

The song list of Netease cloud music is gray, and it has been cured.

On September 14th, Netease Cloud Music announced that it has reached a strategic cooperation with Bertelsmann Music Group (hereinafter referred to as BMG). The two parties will cooperate in music copyright, deep development of music IP, music performance and online karaoke.

BMG owns the recording rights of singers such as Avril Lavigne and Rolling Stones, as well as the lyrics and songs of a large number of outstanding music creators.

Since 2020, in order to reverse the unfavorable copyright situation, Netease Cloud Music has gradually entered the former copyright hinterland of Tencent Music, and has successively reached cooperation with copyright parties such as Universal Music, Ghibli, Shaocheng Times, Rolling Stone Records, Indie Works, BPMT(BPM Tokyo) and CUBE Entertainment.

On the afternoon of May 15th, Netease Cloud Music recently announced that it had reached a copyright cooperation with Shaocheng Times, and its artists included Liang Bo, Diamond and other famous Chinese singers.

Four days ago, Netease Cloud Music just reached a strategic cooperation with the world-renowned Warner Copyright. The two sides will carry out all-round cooperation in the upstream and downstream fields of the music industry such as music library content, online karaoke and music IP development.

It is reported that after the cooperation is reached, Netease Cloud Music will get the copyright of 1.3 million music songs by Warner. These include internationally renowned superstars such as Katy Perry and Madonna, and the copyright of lyrics and songs of many Chinese musicians such as Jonathan Lee and Jolin Tsai.

In domestic online music, can Netease Cloud Music, with its own efforts, "pry three" and MAU ranking fourth, save itself?

I have to say that although Netease Cloud Music has been at a disadvantage, on the whole, its community stickiness is extremely high.

Online music has changed from a multi-headed war to a double-headed hegemony between Tencent Music and Netease Cloud Music.

However, it must be said that this competition for hegemony has started from the field of copyright to more meta-competition.

After all, the music platform itself doesn’t produce much music, and the competition for copyright eventually became cheaper for the record companies that started from the ground.

For Netease Cloud Music, Chen Ting, a reporter from Time Weekly, had an exchange with Shule. Being original thought:

Netease Cloud Music’s song list is small and vertical, and its main purpose is to leave the core users who are really obsessed with music and have certain tasting ability, and prepare for the subsequent promotion of originality.

Song sheet is the killer of cloud music, and it is still the cornerstone of cloud music community and its own original content.

Without a song list, online music with more copyrights is just a player.

Netease Cloud Music has the power of World War I in the future track competition by focusing on the community and differentiated competition through the song list.

According to the report of Aurora Big Data, in June 2019, Netease Cloud Music added 758,000 users every day, with a 7-day user retention rate of 73.5% and a 30-day user retention rate of over 60%. Lachin and retention performed well, indicating that users are willing to stay in the music community.

But how to further cultivate is a problem.

Before, its song list did have a community tendency, but even in the period when copyright issues were not fermented, it was still a niche vertical and it was difficult to expand.

Netease is small and beautiful, the main purpose is to keep the core users who are really obsessed with music and have certain tasting ability, and prepare for the subsequent promotion of originality.

It has a good grasp of this rhythm, but it also needs money and time to be original, and it still has a long way to go. In addition, under the impact of the network divine comedy, this road to quality has become very subtle.

According to the data released by Netease Cloud Music in April, its original musicians have settled in more than 160,000. It looks like a lot, but it is still thin in the face of a huge music library.

In addition, the copyright war should not return to fever pitch.

Otherwise, it’s just a player with copyright to make money for copyright owners.

In this regard, Ding Lei has another expression, that is, he said in February: "We hope to return to a reasonable and rational price in the future."

Whether it is Tencent Music or Netease Cloud Music, in the future, the two sides will no longer continue to fight for copyright, but will each find a new way. The copyright advantage is only the initial point of contention.

In April, Tencent Music Entertainment officially released the long audio strategy, and launched a new product, Cool I Listen, which provides long audio including 19 content categories such as audio novels, cross talk storytelling and emotions.

The reason is that Shule’s consistent judgment is that at this stage, the realization of online music platform can not rely solely on content payment, but needs to be integrated into more fields of pan-entertainment, such as short video soundtrack, game music production and authorization.

Let content creators in more fields, including music creators, unlock more possibilities in content by authorizing music.

Nowadays, on the basis of retaining users, it will become a general trend to develop more scenes and find more profit points, such as music peripheral products and music licensing of short videos.

On October 22nd, at the "What’s Off-road"-tank autumn technical conference held by Great Wall Motor, the grading standard of enterprise off-road was publicly announced for the first time. In this landmark grading evaluation, Tank 300 was successfully classified as a strong off-road grade by virtue of its hard-core strength, after testing in four dimensions, 20 performances and 70 indicators. Coincidentally, in the past September, Tank 300 stood out with 96.5 points in the off-road test list released by the professional media, and successfully ranked among the top six, keeping pace with many high-end and well-known hard-core off-road models from overseas. The outstanding performance of Tank 300 fully proves that the brand of off-road vehicles in China has been among the top in the world, which shows the strong strength of off-road vehicles in China.

Tank 300: Strong off-road, hard power

The reason why Tank 300 can occupy a place in strong off-road is mainly due to its excellent off-road technology and careful design in terms of safety, reliability and durability. Among them, the vertical non-decoupling architecture and the "three locks" are undoubtedly the two core technical highlights, which laid a solid off-road foundation for them.

First of all, the tank 300, with its vertical non-decoupling architecture, realizes direct and efficient power transmission and efficient control of four-wheel power distribution. At the same time, the tank 300 built on the vertical platform is equipped with a 2.0T engine and an 8AT/9AT gearbox, with uniform counterweight, smooth driving and stronger power output when off-road, ensuring excellent stability and passability in various complex terrains and easily coping with various challenges.

Secondly, the tank 300 is equipped with a "three-lock" part-time 4wd system, which is a sharp weapon for its off-road extrication. By controlling the power distribution, it is ensured that when one wheel is in trouble, the differential lock can lock the wheel, ensure the other wheel to obtain torque, and realize the stable output power of a single wheel, thus helping the vehicle to extricate itself from difficulties and easily coping with various challenges.

In terms of safety, reliability and durability, the tank 300 also performed well. A large number of 1500Mpa ultra-high strength steel was used in the body structure to ensure less deformation when it was hit. At the same time, with double pre-tensioned seat belts, OPW front and rear integrated side air curtains and active safety configuration, it not only ensured the safety and comfort of drivers and passengers, but also further improved the off-road performance and reliability of the tank 300. Not only did it get 3G1A results in the collision test of China Insurance Research Institute, but it also got five-star safety certification in ANCAP, Australia, which was superior to Jeep herdsman and Land Rover Range Rover in the same period.

To sum up, the tank 300 can not only easily cope with the terrain with complex and changeable adhesion, but also be comfortable in desert, mountain, snow and other complex environments, meeting the diverse needs of deep off-road enthusiasts and becoming a truly strong off-road vehicle in their hearts.

The common choice of cross-country enthusiasts around the world

Since its listing, the market share of Tank 300 has far exceeded that of well-known luxury off-road brands at home and abroad, and its global sales have quickly exceeded the 370,000 mark. In the past September, Tank 300 still maintained a steady sales momentum, with 7,804 vehicles sold in a single month, ranking first in China off-road SUV for 45 consecutive months, and becoming a benchmark in the domestic off-road market. While occupying a place in the domestic market, Tank 300 has successfully entered the international market and made a big splash on a global scale.

At present, the footprint of Tank 300 has spread all over Saudi Arabia, Kuwait, Australia, South Africa and other countries, as well as North Africa, Central and South America and other places. Winning wide acclaim and trust from users around the world not only provides excellent product experience, but also highlights the technical strength and influence of China brand in the global automobile market.

Behind the Off-road of the Top 300 Tanks: the crystallization of the deep accumulation and innovation breakthrough of Great Wall Motor

It is based on this background and strength that the tank 300 is well-deserved to be classified as a strong off-road grade in off-road classification, which is not only an affirmation of the tank 300 itself, but also a direct embodiment of Great Wall Motor’s deep accumulation and innovation breakthrough in off-road field. Great Wall Motor has been deeply involved in off-road field for 34 years, and has accumulated rich off-road experience and technical strength from early pickup trucks to later SUV models. As the representative of the third generation of off-road vehicles in the Great Wall, Tank 300 perfectly combines powerful off-road performance with intelligent and comfortable experience, breaking the inherent impression of users that traditional hard-core off-road vehicles are not luxurious, uncomfortable, intelligent, exquisite, fashionable and high fuel consumption, and leading the off-road vehicle market into a new era.

In the future, with the continuous exploration and deep cultivation of Great Wall Motor in the off-road field, Tank 300 will continue to optimize its product performance and constantly refresh the benchmark model of off-road products in China. In addition, Tank 300 will continue to explore overseas markets such as North China and ASEAN with the strong cross-country attitude of, and provide excellent products for global customers, so that the world can see China off-road and China can see tanks off-road.