() The operating comments of the Board of Directors in 2023 are as follows:

　　I. Discussion and analysis of business conditions

　　In 2023, the company actively responded to the complicated and ever-changing external situation, overcame difficulties, achieved record highs in business performance, increased employees’ income simultaneously, achieved the overall listing goal, made steady progress in reform and deepening, made breakthroughs in innovation, improved the governance system day by day, demonstrated its social responsibility, pushed forward the party in depth, successfully closed the year and handed in satisfactory answers, and the company’s high-quality sustainable development entered a new historical stage.

　　Marketing. The first is to strengthen brand promotion. Formulate and implement the annual brand promotion plan, organize and carry out a series of publicity activities such as "5.15" public welfare publicity, "Jiangxi is the world’s delicious and delicious in Jiangyan", "Lighting the Twin Towers and making the city beautiful together", promote strategic cooperation with catering industry associations in Jiangxi Province and various cities, and strengthen terminal publicity such as supermarkets, small shops in urban and rural areas and farmers’ markets. Vigorously promote () business integration development, formulate e-commerce development plans, and enhance the brand influence on the head e-commerce platform. The second is to increase the synergy between production and sales. During the reporting period, four new varieties of salt, such as small package grain salt, were introduced. The trial production of 99.8% high-purity salt was successful, calcium chloride was put into production smoothly, and the product structure was enriched and optimized. We will continue to improve the management of product transportation and unified warehouse allocation, coordinate production logistics and transportation, ensure the stable supply of salt market, and promptly and effectively quell the "8.24" salt snapping storm in the province. The third is to fully increase market share. We will fully seize market opportunities, serve the development of new energy industry chain in the province, increase strategic cooperation with high-quality leading enterprises such as lithium batteries, photovoltaics and glass, and further optimize the customer structure of soda ash. Firmly grasp the main force of salt supply in channel positioning, and during the reporting period, the sales volume of small packaged salt in the province exceeded 100,000 tons, with a market share of over 70%, a record high since the salt reform. Fourth, the export scale has grown steadily. During the reporting period, seven new exporting countries, including Britain, Saudi Arabia, New Zealand and United Arab Emirates, exported 368,800 tons of products and earned about US$ 45.19 million. According to the data released by the General Administration of Customs,The company’s salt export accounts for more than 30% of the total national salt export for many years, and its export share is leading the country. Among them, the company’s export of salt to Hong Kong accounts for over 80% of the total export of salt from the Mainland to Hong Kong, and the export of salt to Vietnam accounts for over 70% of the total export of salt from China to Vietnam.

　　Production and operation. The first is to ensure the steady operation of production. Make full use of the intelligent factory platform, strengthen the management and optimization of the whole production process, strengthen the equipment operation management, keep the dynamic steady-state operation time above 95%, and the annual output of saline-alkali calcium products has reached a new high. The second is to continue to tap the potential internally. The results of energy saving, carbon reduction and consumption reduction are obvious. The average steam consumption of alkali products decreased by 7.84% and limestone consumption decreased by 4.93%. The energy consumption of light and heavy soda ash decreased by more than 6% year-on-year, approaching the national benchmark level; Increase the technological transformation of energy-saving process equipment. A number of energy-saving technical transformation projects, such as waste heat recovery of steam condensate from soda calcination, high-temperature resin water production in power plant and waste heat recovery of secondary condensate from salt and calcium, have been completed successively, saving 10,000 tons of standard coal annually. Strengthen the management of procurement bidding, optimize the procurement pricing mechanism of important bulk raw materials such as coal, and further reduce the procurement cost. Constantly broaden the cooperation channels of logistics and transportation, and strive to reduce logistics costs. The third is to guard the bottom line of product quality. Carry out special actions to improve quality, strengthen the construction of quality management system, and strictly implement three-level quality grid monitoring. Successfully passed the on-site audit of the replacement certificate of the national salt fixed-point production enterprises. Build a high-standard testing laboratory and pass the on-site evaluation by China National Accreditation Committee for Conformity Assessment (CNAS).

　　Scientific research and innovation. Companies adhere to the market-oriented, strategy-driven, relying on innovative platforms to promote the construction of science and technology center projects, strengthen cooperation with Industry-University-Research of Chinese Academy of Sciences, East China University of Science and Technology and other research institutes, and focus on technological innovation and key technology research in process upgrading, energy saving and emission reduction, new product research and development, carbon capture and utilization, lithium extraction from brine, salt cave energy storage (gas), digital transformation, etc. Jointly applied for the research project of Jiangxi Province’s major scientific and technological research and development project "Research and demonstration of key technologies of compressed air storage power generation in salt caves" in 2023, completed the registration of five scientific and technological achievements, obtained six software copyrights in intelligence, and obtained 37 new authorized patents, including four invention authorized patents. The affiliated company, Jingyao Salinization, was selected as the "5G+ Industrial Internet" demonstration enterprise in 2023 and the third batch of manufacturing pilot (cultivation) enterprises in Jiangxi Province; The affiliated enterprises Fidelity Salt Chemical and Jiangyan Packaging were awarded the title of "Innovative Small and Medium-sized Enterprises in Jiangxi Province" and "Specialized and Special New Small and Medium-sized Enterprises in Jiangxi Province" in 2023. Jiangyan Packaging also won the honorary title of "Jiangxi Science and Technology SMEs" in 2023.

　　In terms of project construction. The company firmly established the concept of "project is king". During the reporting period, Fidelity retired from the city and entered the garden, and the intelligent project of 600,000 tons/year salt products entered the final stage. The trial production of the whole line of small packaging was completed, which has met the production conditions and is expected to be put into production in April 2024. The pipe network of the cogeneration central heating project in Zhangshu Industrial Park has been completely completed, and the power access system has completed the interconnection of important equipment, which is expected to be completed and put into operation in the third quarter of 2024. The high-strength calcium sulfate project changed from technical research to achievement transformation stage, which broke ground in December and is expected to be put into production in the second quarter of 2024. The energy-saving technical transformation project of soda plant was promoted in an orderly manner. The procurement of related equipment and the bidding for building construction have been completed. The energy-saving technical transformation project of salt and nitrate plant has been completed, and it has the conditions of single machine and linkage commissioning, and it will enter the trial production stage in the first quarter of 2024. Science and Technology Innovation Center completed the project establishment and design work.

　　Governance efficiency. The company focuses on standardized governance and improves management efficiency in all directions. First, the three-year action of reform and innovation ended with high quality, and the reform achievement was rated as Grade A. The affiliated company Jinghao Salt Chemical Company was successfully selected as the "Double Hundred Actions" enterprise of state-owned enterprise reform of the State Council SASAC. The second is to carry out in-depth benchmarking to create value. Implement the target requirements of "one profit and five rates", continue to benchmark and create targets, strengthen the guidance of business indicators, realize the simultaneous improvement of benefits and income, and further strengthen employees’ sense of acquisition and happiness. The intensity of R&D investment and the efficiency of scientific and technological output have been continuously improved, the overall asset-liability ratio has been low, and assets are safe and of good quality. The third is to strengthen basic management and consolidate the compliance management system. Give full play to the supervision forces such as discipline inspection, auditing and legal affairs, standardize the whole process system such as external information disclosure and internal report on major issues, and establish a "firewall" for compliance operation of listed companies. During the reporting period, it was awarded the honors of "Jiangxi Social Responsibility Enterprise", "Jiangxi Leading Enterprise of the Year", "Excellent Practice Case of Rural Revitalization Project of National Listed Companies" and "Excellent Case of Corporate Governance".

　　

　　Ii. the industry in which the company is located during the reporting period.

　　1. Salt industry

　　According to the classification of uses, salt products can be divided into salt and industrial salt. Salt is a necessity for residents’ daily life, with relatively stable production and sales volume and weak demand periodicity. On the whole, the existing domestic salt production capacity is greater than the consumption demand, and there is a certain degree of oversupply. At the same time, due to the promotion of salt reduction movement and the overall stability of population size, the total domestic salt consumption is stable at around 10 million tons, and there is a slow downward trend. Since the salt reform abolished the regional restrictions and price restrictions on salt production and marketing, all provincial salt wholesale enterprises have carried out cross-regional business, and the differentiated competition in the industry has become increasingly fierce. From the point of view of product price, with the intensification of competition among major salt enterprises, the wholesale price of salt has declined, but the price of salt at Shangchao terminal has remained basically stable, and profits have gradually shifted from wholesale enterprises to retail enterprises. Therefore, enterprises with integrated production and marketing and strong channel control ability have stronger ability to cope with challenges. As a bulk raw material, the production and sales of industrial salt mainly depend on the downstream operation of the two alkali industries, with high price sensitivity and obvious periodicity. At the same time, as a basic raw material for industry, industrial salt has a high degree of homogeneity. With the improvement of energy conservation and environmental protection requirements, the technology, process and equipment are constantly upgraded, forming a salt enterprise with scale effect and cost advantage, and its competitive advantage is becoming more and more obvious.

　　2. Soda industry

　　Soda soda is a basic chemical raw material, which is widely used in glass, chemical industry, light industry, paper making, textile and other industries, with strong periodicity. From the supply side, there is little difference between the quality and performance of soda ash products, and the competitiveness is mainly reflected in the production cost. In 2023, the production capacity of soda ash industry will be greatly improved, and the proportion of natural soda will gradually increase, and the market competition will be intensified. With the strengthening of environmental protection, energy conservation and emission reduction, some inefficient production capacity will gradually withdraw from the market in the future, and enterprises with resource advantages, cost advantages, technological advantages, capital advantages, management advantages and circular economy model of the whole industry chain will be in a favorable position in the future competition. From the demand side, the glass industry is the most important downstream industry of soda ash. Under the background of peak carbon dioxide emissions, carbon neutrality and national strategy, the rapid growth of newly added photovoltaic installed capacity drives the growth of photovoltaic glass demand, which further drives the demand for soda ash. In addition, with the development of new energy automobile industry and the increase of green energy supply such as wind, light and water, the demand for energy storage batteries will gradually increase. As an essential material for lithium carbonate production, soda ash is expected to contribute to the new demand.

　　

　　Iii. Business of the Company during the reporting period

　　(1) Main business

　　Underground mining of rock salt; Research and development, production, processing and sales of salt products such as salt, industrial salt and sodium sulfate and salt chemical products such as soda ash and baking soda.

　　(2) Business model

　　The company has gradually built a perfect integrated business model of production and sales. The company has abundant upstream salt mine resources, and promotes the group operation mode of centralized procurement, production and sales of bulk materials.

　　Production: according to the mode of "unified planning and fixed production by sales", the annual production plan is made according to the stable customer demand, the expected incremental orders in the market and the inventory reserve plan.

　　Sales: Salt and salt chemical products are sold to domestic and foreign markets. The company’s salt (edible small package salt, salt for food processing) business adopts existing channels, self-built branches and self-built sales outlets for direct sales and wholesale. Edible salt is a necessity for residents’ daily life, and the production and sales volume are relatively stable, basically without periodicity. Industrial salt and salt chemical products are mainly sold to customer terminals through direct selling and trader mode, with the help of traders with qualified business qualifications, and the sales are all buyout. Downstream manufacturers and customers mainly include fine chemicals, glass, new energy and other industries, and the customer base is relatively stable.

　　R&D: Independent internal R&D is carried out through its own provincial innovation platform, namely, Jiangxi Underground Recycling Engineering Research Center of Rock Salt Resources and Jiangxi Jinghao Salt Chemical Co., Ltd. Technology Center. At the same time, it maintains long-term and stable R&D cooperation with research institutes inside and outside the province, such as East China University of Science and Technology, Wuhan Institute of Geotechnical Mechanics of Chinese Academy of Sciences, Jiangxi University of Science and Technology, etc., and jointly builds R&D platforms to carry out R&D work.

　　

　　Iv. analysis of core competitiveness during the reporting period

　　(A) the advantages of well mineral salt resources

　　Jiangxi province is a province with large salt resources in China, in which the production capacity of well and mineral salt ranks in the forefront of the country, and well and mineral salt has more advantages in production continuity and supply stability. The rock salt resources in Jiangxi Province are located in Qingjiang Basin (now Zhangshu City and Xingan County). The "Qingjiang Yantian" covers an area of 133.06 square kilometers and has a total reserve of more than 11 billion tons. Salt raw materials are collected from underground deep well rocks below 1,000 meters. The average grade of sodium chloride in a single seam of Qingjiang rock salt deposit is as high as 96.23%, and the average grade of sodium chloride in most seams is between 50% and 80%, so the mining conditions are superior. All the quality indexes are higher than the national standards, and it is high-quality mineral salt. Jinghao Salt Chemical Company and Fuda Salt Chemical Company are adjacent to Qingjiang rock salt deposit. The mining rights of the three mining areas have a total of 640 million tons of their own rock salt resources, which are of excellent quality and provide a solid resource guarantee for the company’s long-term sustainable development.

　　(B) Green circular economy and comprehensive cost advantages

　　The company takes the domestic leading and international advanced underground circulating alkali-making process as the main chain, and connects the whole salt-making and salt chemical industry chain in series with the comprehensive utilization of light calcium liquid alkali slag and salt-making condensed water as the key point. Based on the absorption and introduction of underground circulation technology, new technologies such as two-phase flow circulation well injection were independently developed, and the underground circulation mode was put forward, which solved the problems of temperature reduction, transportation and well injection in the two-phase transportation of soda ash calcium liquid alkali slag. After the waste slag was injected into the well, it was used as the filler of the mined-out rock salt solution cavity, which not only strengthened the safety of the mined-out solution cavity, but also solved the treatment costs such as dam building and filter pressing, and solved the pressure of environmental protection on the ground, and effectively solved the treatment cost of soda ash liquid calcium alkali slag by ammonia-alkali method. At the same time, based on the exploitation of underground mineral salt, the company exploited low-nitrate brine (used to prepare soda ash and baking soda), nitrate brine (used to prepare salt products and mirabilite) and calcium brine (used to prepare salt products and calcium chloride products) through the combination of dilute calcium solution and underground mineral resources with different components, and completed the purification, deployment and transportation of brine through the brine deployment center. Domestic advanced technology with independent intellectual property rights is adopted to complete purification, allocation and transportation, and graded reuse of condensed water, so as to realize resource recycling in the whole process, zero discharge of production wastewater and waste liquid, low product energy consumption and high resource utilization rate. A new model of green circular economy for comprehensive utilization of resources is constructed, and a comprehensive cost competitive advantage is formed. Besides,The company has three 700t/h high-temperature and high-pressure circulating fluidized bed coal-fired boilers and two 55MW back-pressure steam turbine-generator sets in its own thermal power station, which ensures the production of steam in the company’s existing devices, realizes most self-sufficiency in electricity, and has comprehensive benefits such as energy saving and environmental protection.

　　(C) the advantages of integrated production and marketing

　　The company has absolute advantages in production qualification, resource reserve and comprehensive production cost, and is one of the first modern joint-stock enterprises in the industry to realize the integration of production and sales. The company has built two modern production bases, namely, Jinghao Salinization and Fuda Salinization, and formed two core business segments, namely, salt making and salt chemical industry, which have obvious characteristics and strong competitiveness. It has a complete procurement, production and sales system, and Jinghao Salinization and Fuda Salinization have both passed the national high-tech enterprise certification. With the further extension of the company’s industrial chain, the upstream and downstream of the industrial chain have built a stable and mutually beneficial co-production and co-marketing system with win-win cooperation, and the scale cost advantage has been further enhanced.

　　(D) Channel advantages

　　Based on Jiangxi salt market, the company has built a commercial circulation network all over the province’s urban and rural areas, realized the intensive cultivation and channel sinking of the salt market in Jiangxi Province, stabilized the carrying capacity and value of the channel, occupied a dominant position in the salt market in Jiangxi Province, and was the main supplier of salt products in southern China. At the same time, the company launched an e-commerce platform and live delivery, and opened up a variety of online sales channels. In addition, the export business has been increased year by year. The company’s products are sold to Hong Kong, Macau, Taiwan Province and other regions, as well as countries and regions such as Britain, Saudi Arabia, New Zealand, United Arab Emirates and Southeast Asia. The export volume of salt accounts for more than 30% of the total national export volume, ranking the leading position in the country.

　　(E) Market location advantages

　　Yichun City and Xinyu City, Jiangxi Province are important lithium battery material production bases and photovoltaic industry gathering places in China, which are important sales markets for the company’s soda ash products and close to downstream industry gathering places, creating good conditions for the company to develop and serve high-quality customers. In addition, Guangdong, Fujian, Zhejiang and other provinces bordering Jiangxi Province are one of the largest consumption regions of chemical raw materials in China, which are close to the consumer market and have few competitors in the regional market, forming a relatively obvious market location advantage.

　　

　　V. Main operations during the reporting period

　　In 2023, the company actively responded to the complex and ever-changing external situation. The company adhered to the goal of high-quality development, focused on key difficulties, strived for progress steadily, based on innovation, improved quality and efficiency, and promoted a substantial increase in operating performance throughout the year. The company achieved a total operating income of 2.888 billion yuan; The total profit was 590 million yuan, a year-on-year increase of 17.89%; The net profit attributable to shareholders of listed companies was 495 million yuan, a year-on-year increase of 17.47%.

　　

　　VI. The Company’s Discussion and Analysis on the Company’s Future Development

　　(A) the industry pattern and trends

　　(II) Company development strategy

　　Adhere to the strategic main line of comprehensive recycling development and utilization of salt resources, focus on serving the national strategy, serve the overall development of the province, and serve the social and people’s livelihood security. Based on salt, strengthen and expand the strategic function of salt as "the ancestor of all kinds of flavors, the mother of chemicals, the foundation of new energy and the foundation of new materials".

　　Focus on the main business, consolidate and strengthen the salt chemical sector, and build a competitive barrier for comprehensive utilization of salt resources; Enlarge the salt production and circulation sector to create a second growth curve; Accelerate the integration into Shuangxin (new energy and new materials) track, develop new businesses such as salt cave energy storage (gas) and comprehensive utilization of carbon dioxide, cultivate new growth poles, and accelerate the construction of a leading salt industry group in China.

　　(3) Business plan

　　In 2024, the company will focus on the overall goal of "enhancing core competitiveness and promoting high-quality development", and take advantage of the situation and forge ahead. First, strive for strong management, promote industrial transformation and brand upgrading, and strive to create a "value river salt." Focusing on improving the comprehensive recycling value of salt resources, we will further build, extend and strengthen the chain, accelerate the project under construction to achieve stable production and promote the high-end, green and intelligent development of salt making and salt chemical industry. Promote the "horizontal integration" of the salt industry chain, release the synergistic advantages of production and marketing, consolidate and enhance the market share of salt in the province and the leading edge of overseas markets, and vigorously open up markets outside the province. The second is to take the opportunity of reform, deepening and upgrading actions, comprehensively set standards and create standards, and strive to create a "vibrant river salt". Promote the long-term modernization of corporate governance and operating mechanism. Strengthen the training of cadres and talents. Implement the company’s talent development plan and training plan, do a good job in the construction of enterprise cadres’ talent team, and help the strategy of "strengthening enterprises through talents". According to the assessment orientation of "one profit and five rates", we will improve the assessment index system of high-quality development and solidly promote the company’s "14 th Five-Year Plan" objectives. The third is to persist in scientific and technological innovation to achieve green transformation and development, and strive to create "innovative river salt". We will deepen cooperation with Industry-University-Research and continue to promote the implementation of key technology and key product innovation projects. We will promote major projects under construction and research and development, such as high-strength calcium sulfate, energy storage in salt caves, lithium extraction from brine and comprehensive utilization of carbon dioxide, and continue to promote the green transformation of enterprises. Accelerate the construction and digital transformation of science and technology innovation center, and build the company’s intelligent production, intelligent management, intelligent operation and intelligent warehousing system.Realize intelligent production and digital management. The fourth is to highlight the leadership of party building, continue to promote the integration of study and implementation with production and operation, and strive to create "diligent and honest salt". Strictly implement the "three majors and one big" decision-making system, integrate the construction of diligence and honesty into the overall development of enterprises, and give play to the effectiveness of supervision and governance. Encourage and guide managers at all levels to dare to take responsibility and do good deeds, and thoroughly practice the company’s responsibility culture. The fifth is to fulfill the mission of state-owned enterprises and strive to create a "responsible river salt". Coordinate development and safety, implement the requirements of rural revitalization and safe construction, focus on preventing and resolving various risks, do a good job in environmental protection and social responsibility disclosure, promote the development achievements of enterprises to benefit more cadres and workers, and create a good atmosphere of harmony, entrepreneurship, harmony and peace.

　　(4) Possible risks

　　1, the macro environment and the risk of product price fluctuations.

　　The company’s main products, such as industrial salt and soda ash, belong to bulk raw materials, and the company’s operating performance is greatly related to the macroeconomic prosperity and the development of downstream industries. Commodity prices are influenced by economic environment, supply and demand and other factors. If the future macroeconomic uncertainties lead to downward pressure on the economy, it will inhibit the sustained growth of the company’s performance. The company will strengthen the prediction of economic operation and market, optimize production technology and flow while improving the efficiency of product development and utilization, improve production efficiency, and strive to reduce production and manufacturing costs. At the same time, it will actively expand the market, increase market share, increase production and sales, and reduce business risks brought about by price fluctuations.

　　2. Market operation risk

　　With the progress of salt reform, the independent operation of salt enterprises across provinces has intensified the competition in the salt market. If the competition in the salt market continues to increase in the future and the price fluctuation of salt increases, it may have an impact on the company’s performance. The company has the strength to actively go out and seize the market across regions. The company will pay close attention to the industry development and market changes, and make timely response strategies to open up a broader space for the company’s development.

　　3. Safety and environmental risks

　　As a chemical production enterprise, the company has certain safety and environmental protection risks. However, the company attaches great importance to safety production, has established a perfect safety production management system in accordance with relevant national laws and regulations, and has continuously accumulated rich experience in preventing safety production accidents. At the same time, under the background of the national development strategy of "peak carbon dioxide emissions, carbon neutrality", various pollution control and emission reduction measures have been implemented, new technologies and new processes have been adopted to carry out energy-saving and carbon-reducing technological transformation, and a set of environmental protection related systems have been established and effectively implemented, so as to continuously build green factories. The company’s existing production devices and investment projects with raised funds meet the requirements of national industrial policies on industrial layout, device scale and technology, energy consumption and environmental protection.

At the routine briefing on the State Council policy held on 17th, Jin Xiaotao, deputy director of the National Health and Family Planning Commission, revealed that China will take the protection of all people’s health as the starting point, and explore new service modes and cultivate new formats through "internet plus Health Care". By 2020, we will establish a national open application platform for medical and health information, basically establish a development model of health care big data application adapted to national conditions, and initially form a health care big data industry system.

Health care big data covers the whole life cycle of people, including personal health, medical services, disease prevention and control, health protection and food safety, health care and other aspects of data convergence and aggregation, and is an important basic strategic resource of the country.

Jin Xiaotao introduced that the the State Council executive meeting reviewed and approved the Guiding Opinions on Promoting and Standardizing the Development of Big Data Application in Health Care, and deployed 14 tasks, including building a unified, authoritative and interconnected population health information platform, integrating medical big data resources, developing smart health care services for the benefit of the people, and formulating and improving laws, regulations and standards, from four aspects: consolidating the application foundation, comprehensively deepening the application, standardizing and promoting the "internet plus Health Care" service, and strengthening the construction of the security system.

The development of health care big data will not only accelerate the development and promotion of intelligent health care equipment, promote the release of production capacity in medicine, finance, logistics, pension, insurance, education and fitness, accelerate the upgrading of health industry, but also bring benefits to the people.

Jin Xiaotao said that the benefits brought to the people are mainly reflected in three aspects: First, continuously enhance the "independent health" service experience, let health data "run more roads" and let the people "run less errands", and bring more convenient application services to the people in Internet health consultation, appointment registration, inter-clinic settlement, medical insurance network settlement, mobile payment, etc. Second, with the deep integration and application of big data technology and health care services, it can make superior resources "go down", better promote the landing of graded diagnosis and treatment, accelerate the popularization of telemedicine, and promote the development of precision medicine; The third is to promote integrated health services covering prevention, treatment, rehabilitation and health management throughout the life cycle through the application of big data analysis. (Reporter Zuo Ya)

Our wallets will eventually shrink more and more, regardless of whether the salary rises or not. Today, when roadside stalls are all paid by scanning code, fewer and fewer people will go out with a lot of cash.

The trend of cashless society is spreading all over the world. Recently, consulting firm Capgemini and BNP Paribas jointly released the World Payments Report 2018, which counts the cashless transactions in many countries around the world.

According to the report, in the reporting period (2016), the country with the largest number of cashless transactions was the United States, ranking first with 148.5 billion transactions, the euro zone ranked second with 74.5 billion transactions, and China, with the most developed mobile payment, ranked third with 48 billion transactions.

Although the number of cashless transactions in China is less than one third of that in the United States, the growth rate of the share of cashless transactions ranks second in the world. The report predicts that by 2021, the total amount of cashless payment transactions in China will surpass that in the United States and become the first in the world.

In terms of per capita times, Sweden has become the country with the largest number of per capita non-cash payments with 461.5 per capita electronic transactions. Sweden was the first country to print paper money, but it may also be the first country to eliminate cash. There is another interesting true story about the cashless society in Sweden:

A man broke into a bank. "robbery! I want cash! The bank clerk gave him a cold look, pointed to a sign on the wall saying "no cash place" and told him that the bank had no cash and his demands could not be met. The robber was puzzled. Before leaving, he asked the staff, "Where else can I go? 」

The report pointed out that the rapid growth of cashless payment in China benefited from the large popularity of mobile payment. A report by Better Than Cash Alliance, a subsidiary of the United Nations, pointed out that the market size of social network payment (Alipay and WeChat) in China reached 2.9 trillion US dollars in 2016, which increased 20 times in the past four years. At present, Alipay and WeChat payment have occupied more than 90% of the mobile payment market in China.

In recent years, people in China have also strongly felt the convenience brought by mobile payment. From eating, shopping, watching movies, buying food in the vegetable market to taking the bus and subway, you can basically use mobile payment to solve all the consumption scenarios you can think of.

Capgemini predicts that the global digital transaction volume will increase from $598 billion to $876 billion between 2018 and 2021. In Asia, led by China, digital payment will lead the world with a compound growth rate of 29% in the next four years, while the growth rates in North America and Europe are much slower, both less than 10%.

In fact, in terms of the scale of mobile payment, China is already the first in the world. According to the data of Forrester Research, in 2016, the mobile payment market in China reached 9 trillion US dollars, the mobile payment market in the United States reached 112 billion US dollars, and the mobile payment market in China was nearly 90 times that in the United States. In 2017, the scale of mobile payment transactions in China has exceeded 200 trillion yuan, ranking first in the world.

But why in Capgemini’s report, the United States is the largest country without cash payment. This is related to the statistical method of the report. In addition to mobile payment, the "no cash" in the report also includes cheque, debit card, credit card payment, credit transfer and direct debit transactions.

It is not difficult to explain why the United States, where mobile payment is underdeveloped, still has the largest cashless transaction volume in the world. The United States has a mature credit card system, and credit cards have become the most mainstream payment method for the American people, with 40% of the total global credit cards coming from the United States.

However, the high maturity of the credit card system has greatly inhibited the development of mobile payment in the United States. A large number of concessions are tied to credit cards, and the American people have no incentive to loosen their credit cards at all.

The development of mobile payment in China far exceeds that in Europe and America. A deeper reason is that China consumers have not formed the habit of credit card consumption, and it is easier to accept mobile payment. According to a report by Goldman Sachs, China people have an average of 3.6 debit cards, but only one third of them have credit cards, which forms two extremes with the United States.

In addition, Apple CEO Tim Cook also talked about China Mobile Payment in an exclusive interview with Ai Faner some time ago. He put forward a novel point of view:

China has not experienced the so-called desktop Internet stage, but embraced the mobile Internet directly, so consumers in China do not have the burdens of the desktop Internet era in their minds, which explains to some extent why the mobile payment share in China is so high.

If the lack of credit card consumption habits is the core reason for the rapid development of mobile payment in China, then the popularity of smart phones and 4G networks has cleared the last obstacle and reconstructed the whole offline consumption scene with the help of QR codes.

A colleague of Ai Faner once encountered a strange thing when she was shopping. When she took out a hundred-dollar bill to pay the bill, the cashier froze for a few seconds because no one had paid in cash for too long.

When was the last time you spent money in cash?

The title map comes from:

　　It is a common phenomenon that the fan of the air conditioner turns to the compressor and does not start, which may be caused by many reasons. This article will introduce several common reasons and provide corresponding solutions.

　　First, the power supply problem

　　When the fan-to-compressor of the air conditioner is not started, it is first necessary to check whether the power supply is normal. You can check whether there is electricity in the power socket and whether the power cord is damaged. If there is a problem with the power supply, it is necessary to replace the power cord or power socket in time.

　　Second, the compressor is damaged

　　If the failure to start the fan-compressor of the air conditioner is caused by the damage of the compressor, the compressor needs to be replaced in time. When buying a new compressor, you need to pay attention to the consistency of brand and model to avoid compatibility problems.

　　Third, the capacitance problem

　　Capacitance is another common reason why the fan-to-compressor of the air conditioner is not started. The function of the capacitor is to provide the starting power supply. If the capacitor is damaged or aged, the compressor will not start. The solution is to replace the capacitor or repair the capacitor.

　　Fourth, the temperature sensor problem

　　The temperature sensor is one of the key factors that the fan-to-compressor of the air conditioner does not start. If the temperature sensor is damaged or the signal interferes, the compressor will not start normally. The solution is to replace the temperature sensor or carry out signal interference processing.

　　Five, air conditioning internal fault

　　The internal fault of air conditioner is one of the most common reasons why the fan-compressor of air conditioner is not started. It may be caused by internal component damage or short circuit. The solution is to ask professional air-conditioning maintenance personnel for inspection and maintenance.

　　Solution:

　　Check whether the power supply is normal and replace the power cord or socket.

　　Check whether the compressor is damaged and need to be replaced.

　　Check whether the capacitor is damaged or aging, and it needs to be replaced or repaired.

　　Check the temperature sensor for damage or signal interference, and need to be replaced or processed for signal interference.

　　Try to avoid internal faults of the air conditioner, such as damage of internal components or short circuit, and it is necessary to ask professional air conditioner maintenance personnel for inspection and maintenance.

　　It is a common air-conditioning failure that the fan of the air-conditioning unit turns to the compressor, which may be caused by many reasons, such as power supply problem, compressor damage, capacitance problem, temperature sensor problem or air-conditioning internal failure. Solutions include checking power supply, replacing compressor, replacing capacitor or repairing capacitor, replacing temperature sensor or processing signal interference. When using the air conditioner, it is necessary to pay attention to maintenance and avoid the occurrence of internal faults of the air conditioner. In case of air conditioning failure, it is recommended to contact professional air conditioning maintenance personnel for inspection and maintenance in time.

　　September 27, 2007, Business Society

　　I. Price trend

　　According to the commodity analysis system of the business community, the price of light soda ash fell this week. As of September 27th, the average market price of soda ash was 1,614 yuan/ton, down by 46 yuan/ton compared with the price of 1,660 yuan/ton at the beginning of the week, down by 2.77% and down by 10.83% compared with the beginning of the month.

　　Second, the market analysis

　　According to the commodity analysis system of the business community, the soda ash market as a whole was weak this week. At the supply end, the overhaul enterprise equipment resumed operation, the utilization rate of soda ash capacity was improved, the supply of market goods increased, the inventory pressure of manufacturers was greater, and the focus of soda ash transaction continued to move down; On the demand side, the downstream fell first and then stabilized, and the demand for soda ash was limited. Before the holiday, the downstream replenished on demand, some soda ash enterprises shipped, and the price of soda ash in some areas increased. On September 27th, the price of soda ash in East China increased slightly, and the mainstream market price of light soda ash was about 1430-1600 yuan/ton. The price of soda ash in central China has increased slightly, and the mainstream market price of light soda ash is about 1350-1550 yuan/ton.

　　Demand: According to the commodity analysis system of the business company, the price of glass fell first and then stabilized. As of September 27th, the average market price was 13.45 yuan/square meter, which was 0.74% lower than the average market price of 13.55 yuan/square meter at the beginning of the week. The glass market started to decline, but the overall situation was still weak, with limited inventory reduction. Downstream purchases and purchases were followed up as needed, and glass prices were weak.

　　The market outlook predicts that at present, the utilization rate of domestic soda ash capacity is high, the inventory pressure of spot soda plants is high, the downstream glass industry is temporarily stable, the demand support is still limited, the soda ash market is insufficient, and the atmosphere in the venue is cautious. It is expected that soda ash will be sorted out in the short term, depending on the downstream market demand.

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The exterior design of BMW i4 attracts much attention for its unique front face design, streamlined body and sports style. The front face adopts the iconic kidney-shaped air intake grille, but unlike the traditional BMW model, the i4 air intake grille adopts a closed design, which shows its identity as a pure electric vehicle. The body lines are smooth, and the whole body presents a style of combining technology with sports.

The length, width and height of BMW i4 are 4785mm, 1852mm and 1455mm respectively, with a wheelbase of 2856mm, a front tread of 1601mm and a rear tread of 1630mm. The side lines of the car body are smooth and dynamic, with 18-inch rims, which are 245/45 R18 in front of tyre size and 255/45 R18 in rear of tyre size, showing a unique sports style.

The interior design of BMW i4 is characterized by luxury and technology. The center console is equipped with a 14.9-inch high-definition touch screen, which supports the voice recognition control of multimedia system, navigation, telephone and air conditioner, providing a convenient operating experience for drivers. The steering wheel is made of leather and has the function of manual adjustment up and down, forward and backward to ensure the driver to find the most suitable driving posture. The car is also equipped with a front wireless charging board for easy charging. In terms of seats, a variety of material choices are provided, including imitation leather, genuine leather and leather /Alcantara mix and match. The main and co-pilot seats are equipped with functions of front and rear adjustment, backrest adjustment, height adjustment (4-way), leg rest adjustment and lumbar support (4-way), and support for seat heating, which brings a comfortable riding experience. The rear seats have a proportional reclining function, which increases space flexibility.

BMW i4 is equipped with a powerful motor with a maximum power of 210 kW and a maximum torque of 400 Nm, which provides drivers with abundant power and excellent driving experience.

Car home car owners spoke highly of the BMW i4: "Good sound insulation, sufficient power, king in appearance, and I don’t think I will lose my sister Mercedes-Benz if the volcanic red interior is made." These real feedbacks reflect the excellent performance of BMW i4 in many aspects, which are impressive in both driving experience and interior design.

In the development of science and technology, the automobile industry has always been at the forefront, and advanced technology will be the first to arm cars, which has attracted the attention of many consumers. The late car cost of 07DM-i is the focus of its potential consumers. Let’s get to know each other.

First of all, from the appearance, the front face of Seal 07DM-i presents an elegant design style, which makes people unforgettable. Combined with headlights, it can win the love of young people. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4980MM*1890MM*1495MM. The car adopts avant-garde lines, and the car body presents a cold design style. With large-sized thick-walled tires, it looks full of movement. In the design of the rear end, the rear end looks very simple, the taillights show a dignified design style, and the overall layout is impressive.

When I came into the car, the interior was eye-catching and full of fighting atmosphere. The steering wheel of the car is very exquisite in shape, equipped with functions such as manual steering wheel up and down+front and rear adjustment, steering wheel heating, etc., which looks a little more angular. Take a look at the central control. The design of the center console is reasonable, which makes the interior design quite layered, and the overall design of the central control is remarkable. The interior feels good. Let’s take a look at the dashboard and seats. The dashboard design is remarkable and full of technology. The car uses leather seats, which are wrapped in place and have good overall comfort.

Next, look at the configuration. Seal 07DM-i is equipped with car networking, driving mode selection, remote control key, Bluetooth key, NFC/RFID key, indoor ambient light, traction control (ASR/TCS, etc.) and other configurations.

Do you have the urge to buy a car after reading the whole article? Let me make a summary. The Seal 07DM-i introduced today is not only eye-catching in space, but also has reached the mainstream level in various configurations, and there is nothing to be picky about driving experience and space experience.

Nowadays, when consumers buy a car, safety configuration is one of the most important considerations, so whether active/passive safety configuration is rich or not will directly affect its popularity. The competition in the automobile market is still very fierce. What Xiaobian brings today is. So whether this car is a mule or a horse, let’s take a look at its actual performance.

First look at the appearance of the Grand Cherokee 4xe. The front of the Grand Cherokee 4xe looks very domineering and sporty. The headlights are exquisite and the shape is very deep. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car, the body size of the car is 4906MM*1979MM*1812MM, and the car adopts lines with flamboyant personality. The side of the car gives people a very cold feeling, and with large-sized thick-walled tires, it looks full of sports. In terms of the rear end, the overall shape of the Grand Cherokee 4xe rear end echoes the front end, and the taillights are fashionable and sporty, and the overall look is very clean and refreshing.

Sitting in the car, the interior design of Grand Cherokee 4xe looks simple and fashionable, and the overall design atmosphere is still in place. The car looks very good outside the steering wheel. It is made of genuine leather and has a very fighting shape. Let’s take a look at the central control, with a 10-inch touch-sensitive LCD central control screen, which makes the interior design quite layered and sharp. The dashboard and seats are equally eye-catching, and the trendy design elements make people remember it at a glance. The car adopts imitation leather seats, equipped with functions such as electric adjustment of auxiliary seats, electric adjustment of seats with memory, and seat proportion tilting, which makes it very comfortable to ride.

Next, look at the configuration. The Grand Cherokee 4xe is equipped with driving mode selection, remote control key, rear wiper, traction control (ASR/TCS, etc.), CarPlay support, CarLife support and other configurations.

After reading the above description, Xiaobian will make a summary. The car introduced today is not only eye-catching in space, but also has reached the mainstream level in various configurations, and there is nothing to be picky about driving experience and space experience.

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The Volvo XC90 exudes a refined exterior with its unique Nordic design. The front face features the family’s iconic Quake LED headlights, paired with a large area of straight waterfall air intake grilles to demonstrate strength and elegance. The body’s smooth lines and overall shape are steady and sporty, which not only meets the aesthetic standards of luxury SUVs, but also reflects Volvo’s pursuit of extreme details.

Known for its elegant body proportions and sophisticated design, the Volvo XC90 is 4953mm long, 1958mm wide, 1778mm high, and has a wheelbase of 2984mm, showing the spaciousness of a luxury SUV. The smooth lines on the side highlight power and movement, and the tire specification of 275/45 R20 not only guarantees driving stability, but also further enhances the overall visual effect. The rear wheels also use 275/45 R20 specifications, which complement the front wheels, and the rim style reflects the Volvo brand’s attention to detail and pursuit of quality.

In terms of interior, the Volvo XC90 presents a modern and luxurious style, with its exquisite instrument cluster and 9-inch central control screen highlighting the sense of technology, providing a clear and easy-to-use multimedia interface. The leather-wrapped steering wheel is comfortable to grip, with manual up and down and front and rear adjustment functions, allowing the driver to adjust the best position according to personal preference. The integrated automatic speech recognition control system is convenient for users to operate, including multimedia, navigation, telephone and air conditioning functions. The front seats are equipped with advanced configuration, supporting front and rear adjustment, backrest adjustment, high and low adjustment and waist support, and equipped with heating function to provide passengers with a comfortable driving experience. The driver’s seat also has a power seat memory function to ensure personalized settings. The rear seats support proportional reclining, which increases space flexibility and meets various travel needs. The overall interior design emphasizes practicality and luxury, and is dedicated to providing users with a comfortable interior environment.

The Volvo XC90 is powered by a 2.0T turbocharged engine with a maximum power output of 184 kilowatts and a torque output of 350 Nm. The power unit produces 250 horsepower and is paired with an 8-speed automatic transmission to provide the driver with a smooth and powerful driving experience.

Overall, the Volvo XC90 has won high praise from Autohome owners for its spacious and comfortable interior. The atmospheric appearance and well-balanced performance he mentioned undoubtedly add more appeal to this luxury SUV. Whether it is for family travel or business occasions, the XC90 can satisfy the owner’s dual pursuit of quality and practicality.

Looking at the global market, Chinese users’ expectations and enthusiasm for intelligent driving should be one of the highest, so many traditional brands will take special care of this part of the configuration, and even choose domestic models for the launch of technology.

For example, the 2025 Honda Rui T mobile flagship version priced at 238,800 yuan listed on September 26 is equipped with the world’s first Honda SENSING 360 +, and the upgraded smart driving system obviously makes the old player of Accord competitive enough to be on an equal footing with new forces at the same level. Combined with the excellent reputation of past generations, it seems that Guangben still needs it to continue to serve as the mainstay of the car series.

And the price of 214,800 yuan sharp · T move premium version can also spend 15,000 yuan to install the intelligent driving system, it is reported that in the future, the hybrid version of the model will also be equipped with the system.

Since it is an annual model change, and everyone is familiar with Accord, we will focus on this smart driving system.

Before going into the details of various functions, I want everyone to understand one thing. Unlike the concept of new power car building, traditional brands have always been conservative in their smart driving strategies, not because of technical reasons, but because they have more obsession and pursuit of safety.

The reason why I say this is not to help them "wash", just use the L2 level intelligent assistance system that various brands are most willing to talk about a few years ago as an example, ACC adaptive cruise and LCC lane keeping, who can’t? The problem is that with this function, whether it is good or not is a two-dimensional matter.

Traditional car companies, including Honda, pay more attention to safety redundancy and the delicacy of vehicle execution, rather than using these functions as marketing gimmicks to attract customers.

Although Honda SENSING 360 + initially chose the domestic version of Accord, it was developed for the global market, which means that the hardware, software, algorithms, etc. behind it have to go through the strictest regulations in North America, the European Union and other regions, and then to the local picky consumer verification.

This 2025 Accord equipped with the Honda SENSING 360 + system is composed of 8 ultrasonic radars, 5 millimeter-wave radars, 6 cameras, and a driver monitoring camera in the car. Combined with high-precision maps, it can achieve high-speed navigation functions, such as autonomous overtaking slow cars, entering and leaving off-ramp and curve deviation warning. It is worth mentioning the latter. The system combines map information and cameras to determine whether the current speed is too fast for this curve, so as to autonomously control a suitable speed.

The camera in the car will identify the driver’s situation, such as fainting from illness or closing the eyes for a long time. When the reminder is invalid, it will automatically turn on the double flashing lights, slow down and stop, and call the emergency rescue center. In the face of increasingly complex urban environments, the door opening warning function is also very practical. When opening the door to detect an incoming car behind, sound and light will be reminded together to maximize the safety of family, friends and other road participants.

The rest of the 2025 Accord will be consistent with the current model. In the blink of an eye, the Accord has arrived at the 11th generation of models. Although the market position of medium-sized fuel vehicles has been repeatedly challenged under the impact of new energy in recent years, with the endorsement of the Honda brand and the solid basic skills of the product, Guangben Accord still has a considerable number of loyal fans. Now it has focused on upgrading smart driving, which is undoubtedly more competitive. If the smart driving system will be gradually distributed to more entry-level models in the future, and even A-class cars such as models, I believe it will be able to largely reverse consumers’ prejudices towards Japanese intelligence.