上海花千坊419

Wen | Caihua Society

（ 01810.HK）The results released in the third quarter of 2023 show that the overall gross profit margin, the gross profit margin of smartphone business and the gross profit margin of IoT (Internet of Things) and consumer products business all reached record highs. At the same time, the adjusted profit after deducting non-core funds increased by 1.83 times year-on-year, reaching 5.99 billion yuan (RMB, the same below). However, its share price plummeted by nearly 5% after the results were announced. Is Xiaomi’s performance a surprise or a joy?

In the third quarter of 2023, Xiaomi’s quarterly revenue increased slightly by 0.60% year-on-year to 70.894 billion yuan.

The quarterly revenue of the smartphone segment decreased by 2.04% year-on-year to 41.649 billion yuan, which is in line with the current global mobile phone consumption trend. The revenue of IoT and consumer goods segment increased by 8.47% year-on-year to 20.673 billion yuan; Driven by advertising revenue, the Internet service segment grew by 9.75% year-on-year to 7.756 billion yuan, of which game business revenue increased by 5.6% year-on-year to 1.1 billion yuan, while advertising revenue increased by 15.7% year-on-year to 5.4 billion yuan, as shown in the following figure.

Although the quarterly revenue growth only increased slightly, the gross profit margin has been greatly improved, among which the gross profit margin of the smart phone business segment has the largest increase, rising by 7.74 percentage points year-on-year to 16.64%; The gross profit margin of IoT and consumer goods also increased by 4.34 percentage points year-on-year to 17.83%; Due to the higher proportion of advertising revenue, the gross profit margin of the service segment also increased by 2.36 percentage points year-on-year to 74.41%.

Comparing the above figure with the following figure, although the revenue growth is not large, the gross profit scale of each business segment is very conspicuous, which is much higher than the past quarterly performance.

At the performance conference, the management explained the main reasons for the record high gross profit margin of mobile phone business as follows: 1) optimization of product mix; 2) Supply chain cost reduction — — Comprehensive factors such as falling raw material prices.

However, we are more concerned about whether Xiaomi’s inventory impairment provision decreased in the third quarter due to its large amount in previous quarters, which is an important factor affecting the gross profit margin.

Caihuashe noted that Xiaomi’s inventory impairment reserve expenditure in the third quarter of this year was 794 million yuan, down by 65.27% and 9.88% respectively compared with 2.286 billion yuan in the same period last year and 881 million yuan in the last quarter. According to Caihua Society’s estimation, the proportion of inventory impairment reserve in product income in the third quarter of this year also decreased from 3.71% in the same period of last year to 1.27%, which should play a certain role in boosting the profitability of its hardware products.

The management mentioned at the performance conference that the decrease in inventory impairment is not the main reason for the increase in gross profit margin. CFO said that in the third quarter of 2023, the impact of this factor on Xiaomi’s gross profit margin was about 0.8 points, plus 0.8 points last year, making a total of 1.6 points.

However, it should be noted that during the period, the average selling price of smartphones, Xiaomi’s main source of income, dropped by 5.78% year-on-year, falling below 1,000 yuan to 997 yuan, compared with 1,058.2 yuan in the same period of last year and 1,151.6 yuan and 1,112.2 yuan in the first two quarters of this year, as shown in the figure below.

Xiaomi explained that the decrease in the average price (ASP) of smartphones was mainly due to the strong growth of shipments in emerging markets with low ASP in Latin America, Africa and the Middle East, which was partially offset by the increase in ASP in China. According to this, it may be inferred that the lower cost is the main reason to promote its profit.

As mentioned by the management, the optimization of supply chain has reduced the procurement cost, or it is a very important reason, but the provision for impairment of inventory in the early stage has increased significantly, effectively reducing inventory, and making the net inventory drop sharply. As shown in the figure below, since September 2021, Xiaomi’s inventory impairment provision has been rising continuously, reaching a peak in March 2023, and then declining. By these two quarters, Xiaomi’s net inventory has dropped significantly.

It is estimated that the promotion of gross profit margin brought by the decline of inventory cost can last for several quarters.

Affected by the improvement of overall gross profit margin, Xiaomi’s gross profit in the third quarter of 2023 increased by 37.43% year-on-year to 16.11 billion yuan.

At the time when Xiaomi was listed on the Hong Kong Stock Exchange, in order to boost traffic, Xiaomi’s sales and promotion expenses always accounted for a large proportion of expenses. However, in recent years, Xiaomi has invested more resources in R&D to build the future with technology, so the proportion of R&D expenses is increasing. Caihua Society noticed that since the fourth quarter of 2022, R&D expenses have accounted for more than marketing and promotion expenses.

In the third quarter of 2023, Xiaomi’s R&D expenditure increased by 22.03% year-on-year to 4.966 billion yuan, accounting for 7.01% of revenue from 5.77% in the same period of last year; The sales and promotion expenses decreased by 3.00% year-on-year to 4.736 billion yuan, accounting for 6.68% of the total revenue from 6.93% in the same period of last year, as shown in the following figure.

Although its operating expenses have increased, they are still effectively controlled — — At the very least, the growth rate was much lower than the gross profit growth, so it turned losses into profits. In the third quarter of 2023, it recorded a quarterly net profit of 4.874 billion yuan, compared with a net loss of 1.476 billion yuan in the same period last year. Excluding non-core funds such as changes in fair value of investment, Xiaomi’s adjusted net profit in the third quarter actually increased by 182.89% year-on-year to 5.99 billion yuan.

After the performance reporting period in the third quarter of 2023, Xiaomi has several major events worthy of attention:

1) In October, 2023, Xiaomi announced a brand-new strategy of upgrading from "mobile phone X AIoT" to "people, cars and homes are all ecological", and released a brand-new operating system "Xiaomi surging OS".

2) In October 2023, atApple (AAPL.US)In the gap between Huawei’s release of new mobile phones, Xiaomi also released the Xiaomi 14 series in the Mainland.

3) Xiaomi Auto appeared on the website of the Ministry of Industry and Information Technology, which also made everyone have a substantial imagination about Xiaomi’s "people and cars".

At the performance conference, Lu Weibing, president of Xiaomi, insisted on several aspects of Xiaomi’s future development: high-end, internationalization, firm investment in the future, investment in technology, continuous change and upgrading of management, and the most long-term and sustained high-quality growth — — The transition from flow to quality, andTencent (00700.HK)Exactly the same.

In the first three quarters of 2023, Xiaomi’s overseas business income decreased by 16.42% year-on-year to 89.435 billion yuan, accounting for 45.2% of Xiaomi’s total income from 50%.

According to Canalys data used by Xiaomi, in the third quarter of 2023, its global smartphone delivery volume was the only positive growth among the top four suppliers, with a year-on-year increase of 2.4% to 41.5 million units, and its market share increased from 12.9% in the previous quarter to 14.1%. However, Caihua Society also noticed that Transsion, another smartphone in China, grew very rapidly, with a year-on-year increase of 39.5%.

In recent years, Xiaomi’s main achievements in overseas markets include: 1) diversified categories; 2) Expand the geographical market; 3) The global environment is not very good, and the environment it faces is complex, so Xiaomi is urged to establish a safe platform, which has gradually produced results. The map of globalization continues to expand and differentiate. For example, Africa doubled its share from last year to this year, and achieved a year-on-year growth of 40% in Latin America. Europe also experienced double-digit growth in the third quarter. Although the Indian market that everyone cares about is under pressure, its performance in the third quarter has greatly improved compared with that in the second quarter.

On the whole, the management thought at the performance conference that overseas markets have a lot of room for development. His reason is that Xiaomi has done well in some markets, such as Spain, and has achieved 32% market share, but it still has a small share in some other markets, which means there is a lot of room for expansion.

In addition, with the penetration of its mobile phones and smart home products in overseas markets, the monthly active user scale (MAU) of Xiaomi Eco has expanded, and the stock has driven the value of its Internet value-added services, which is also a big boost for Xiaomi’s service revenue to achieve a year-on-year growth of 9.75% in the third quarter.

For the future, the management indicated that it would expand the service types of overseas business, and constantly attract partners to serve global users.

Xiaomi, which has always taken the economic route, has put forward high-end changes in recent years, and Xiaomi 14 series may drive its high-end product revenue share after the fourth quarter.

However, the management admits that the high-end of Xiaomi is still in the investment period, and there is no obvious difference between the high-end and the low-end. There is a lot of room for improvement of the high-end in the future, and the scale has not yet reached the level of quantitative change to qualitative change. There is still a gap between Xiaomi’s 4000 yuan mobile phone and Samsung and Apple in the world. This is also a challenge and an opportunity for Xiaomi, and it is necessary to tap the future high-end potential.

In 2023, Xiaomi announced the latest strategy to upgrade "mobile phone XIAOT" to "the whole ecology of people, cars and homes".

The management said that the global smartphone market share will become more concentrated in the future, which may mean that some brands will quit and some brands will further expand their share. The head brand will meet the needs of different customer groups through omni-channel, all-customer service and product attraction segmentation. Xiaomi’s concept of "people, cars and homes" is to export product experiences and solutions to users in the way of driving other products to consume with a strong brand like smart cars through customer group classification, and the bottom of the solution is supported by the system of "people, cars and homes", which is the logic of its development of this concept to complete the ecological closed loop.

For the details of Xiaomi Automobile, the management said that it is not convenient to disclose it, but it roughly outlines its role in "the whole ecology of people, cars and homes":

1) People and cars are all ecological, and cars will play an indispensable role in the whole ecological chain of Xiaomi. In the future, customers will buy Xiaomi products, not single products, but product combinations, lifestyles and solutions;

2) Xiaomi automobile will cooperate with the existing mobile phone and consumer electronics products and service ecology, and the great integration of automobile and consumer electronics will drive the chemical reaction of the whole ecology, and the automobile will be fully integrated into the product and service ecology.

On the whole, Xiaomi delivered an unexpected performance in the third quarter of 2023, and also put forward the strategy and growth potential for future development. Then why did the stock price fall instead of rising after its performance?

Caihuashe believes that short-term investors take advantage of favorable shipments to make profits or a reason. As shown in the figure below, Xiaomi’s share price has continued to climb since October, and it has risen by more than 36% on the eve of the announcement of quarterly results.

Secondly, Xiaomi’s "people, cars and homes are all ecological" sounds beautiful, but it will affect its profitability in the short term, especially considering the high cost of building cars. Now "new forces" are still struggling to reach double digits for gross profit margin. Xiaomi is involved in this highly competitive track, and the short-term profit predictability is not high.

1905 movie network news The pressure of modern people’s life is getting bigger and bigger. They work overtime, can’t afford to buy a house, and are scolded by leaders. The speed of salary increase can never keep up with the speed of inflation, but they often give up halfway when they want to make achievements.

When you are envious of those "great men" who have made achievements, do you find that whether it is Tu Youyou, a scientist who created a new antimalarial drug artemisinin to save countless lives, Mo Yan, a great writer whose works have been translated into more than 40 languages and widely circulated all over the world, or Li Changyu, a detective who has repeatedly solved strange cases and made criminals have nowhere to escape, they all have a tenacity in their career, a force to persevere and never give up until they reach their goals.

There is also such a "big shot" in a movie "Big Shot" which will be released on December 21st. Although he is just an ordinary people’s policeman, his attitude of being responsible for the task is worth learning by many people. In the previous trailer, Sun Dasheng, a criminal policeman played by Wang Qianyuan, found that the evil group headed by Zhao Tai, played by Bao Beier, was seriously suspected in the process of investigating the "jumping case". Facing Zhao Tai, a rich second generation local real estate developer, Sun Dasheng was fearless. He continued to collect criminal evidence of evil gangs. Just as the truth was about to be revealed to the world, Sun Dasheng was suddenly suspended.

As a suspended policeman, he lost the ability to enforce the law, but as a policeman who insisted on upholding justice, he chose to continue to stand up for justice! Facing the reporter, Sun Dasheng said firmly: "Whether I am a policeman or not, I will check it out!" On the rooftop of the nightclub, Sun Dasheng was on the verge of catching Zhao Tai, but Zhao Tai’s bodyguard stopped him. Sun Dasheng didn’t give up. He opened his posture and subdued the bodyguard with only one blow. In the square, Sun Dasheng drove a police car to chase Zhao Tai, who was reckless and rampaging. Zhao Tai was forced to get off the bus after the vehicle was violently hit, and the two men then launched the final battle from boxing to meat.

Stay up late and work overtime, the plan is difficult to do, and the salary does not rise … … There may be 10,000 reasons why people want to give up halfway at work, but before giving up, we can think about those who persist to the end. They have all become "big shots". When a person has a firm belief in his career, nothing can stop him. Maybe if you persist, you can achieve your "small goal" and become a "big man" like them. After all, those who walk a hundred miles are half ninety, and the most difficult thing is to persist in the end.

"Big Man" will land in the cinema on December 21st, and you will see a "big man" who is facing the work, swearing that he will carry out the task to the end!

　　Xinhua News Agency, Beijing, September 14th Question: Did the Red Army really eat belts on the Long March?

　　Xiao Shizhong, Yu Jikun, Sun Jie

　　On the Long March, did the Red Army really eat belts?

　　The answer is yes, but the belts eaten by the Red Army are not belts that have been industrialized now, but leather products that farmers and herdsmen have simply processed in the past, and belts that were originally prepared to fill their hunger on the road. This reflects the hardships of the Red Army’s Long March from the side, and reflects the determination and will of the Red Army to overcome difficulties and hardships.

　　In the 1930s, China’s industry was very backward. Most of the belts used in pastoral areas and rural areas were used only after simple initial processing without industrialized processing, that is, without processes such as peeling and shrinking leather. Such a belt can be cooked and eaten when it is necessary.

　　Chuankang area, where the Red Army’s Long March passed, is sparsely populated and has a harsh natural environment. In particular, in order to be able to pass through the inaccessible snow-capped mountains and vast water grass fields, according to the experience and lessons of the vanguard troops, before crossing the snow-capped mountains and grasslands, every soldier should try his best to bring enough food before starting.

　　However, in the remote, barren and economically backward minority areas, coupled with the blockade of the Kuomintang army, the Red Army could not raise enough food, so it had to take whatever it could. For example, after the cattle and sheep are slaughtered, there should be no waste. In addition to drying the beef into a dry belt, the cowhide is cut into a belt and tied around the waist after drying, making it a special belt. When the food is eaten up, take it out and eat it. The method of eating is also very simple. After soaking the belt in water, put it in a pot and cook it. If there is salt, put some, whether it is rotten or not, as long as it can satisfy the hunger.

　　The two belts collected by the National Museum witnessed the hardships of the Red Army when crossing the grass. It was left by Ren Bishi, the leader of the Red Second Army, and Zhou Guangcai, a soldier of the Red Fourth Army, when they crossed the grassland on the Long March.

　　When Ren Bishi, He Long and others led the Long March across the grassland, many soldiers fainted because of hunger. In the absence of any food substitutes, Ren Bishi and the guards cut the belt into several sections and cooked it in a pot, and each person could only get three small pieces at a time. Although it tastes bad and hard to swallow, they are humorously called "eating boiled beef". After walking out of the grass, he kept the remaining half of the belt. In 1938, when Ren Bishi returned to Yan ‘an from Taihang Mountain, he gave this half belt to Li Shaoqing, a guard, for preservation. After liberation, Li Shaoqing donated it. On this half belt, there are still clear traces of cutting with a knife.

　　Some officers and men of the Red Fourth Front Army have crossed the grassland three times, and the conditions are extremely difficult. Zhou Guangcai, a soldier, was given a belt as a trophy. When crossing the grass, six comrades-in-arms ate their belts one after another. When it was Zhou Guangcai’s turn, he burst into tears at the age of 14 or 15 and begged everyone not to eat his booty. In this way, everyone resisted hunger and didn’t want to eat this belt. In order to remember the difficult course of the Long March, and to commemorate those comrades who depend on each other for life and death, Zhou Guangcai lovingly carved the words "Long March" on the back of his belt, and kept it with him until the country collected cultural relics.

[car home Chongqing Preferential Promotion Channel] The highly anticipated large-scale preferential activities are being carried out in Chongqing, with the highest preferential amount reaching an astonishing 150,000 yuan! Now, you only need 489,900 yuan to drive this luxury electric car home. If you want to know more preferential information and get a higher preferential amount, please click "Check the car price" in the quotation form to get the latest car price and preferential policies.

The design of BMW i5 (imported) embodies the combination of futuristic sense and luxurious sense. Its front face design adopts family-style kidney-shaped air intake grille, and its internal structure adopts closed design, which highlights its identity as a pure electric vehicle. The overall style is simple and powerful, and the body lines are smooth, showing an elegant sports posture. The appearance of BMW i5 (imported) is not only beautiful, but also pays attention to aerodynamic performance, so as to improve the energy efficiency performance of the vehicle.

BMW i5 (imported) has a body size of 5060*1900*1505mm and a wheelbase of 2995mm. Smooth car side lines outline the elegant body contour, with 245/40 R20 front tires and 275/35 R20 rear tires, showing a sporty and exquisite style. The rim design is unique, which further enhances the overall visual effect of the vehicle.

The interior design of BMW i5 (imported) is famous for its simplicity and exquisiteness. The center console adopts a 14.9-inch high-definition touch screen, which integrates the functions of multimedia system, navigation, telephone and air conditioning control, and supports voice recognition control system, making it easier for drivers to operate. The steering wheel is made of high-quality leather and equipped with electric adjustment function, which can adjust up and down and back and forth to meet the needs of different drivers. The front seats provide heating and ventilation functions, and the main driver’s seat also has electric adjustment and memory functions, supporting front and rear, backrest, height and leg rest adjustment, and 4-way lumbar support adjustment to ensure the comfort of long-distance driving. The rear seats have a proportional reclining function, which expands the flexibility of the trunk space. The car is also equipped with multiple Type-C interfaces and USB interfaces to meet passengers’ needs for charging and data transmission. The front seats are also equipped with wireless charging function, which provides convenience for modern technological life.

BMW i5 (imported) is equipped with a powerful motor with a maximum power of 442 kW and a maximum torque of 795 Nm, which provides excellent power performance and acceleration performance for the vehicle.

The price reduction promotion of BMW i5 (imported) is coming to an end. If you are interested in this luxury electric car, now is a good time to sell it! Seize this rare opportunity, enjoy the preferential price, and experience the excellent driving pleasure and future technology brought by BMW i5. Don’t hesitate to go to the local BMW dealer immediately, ask for details and make an appointment for a test drive, so that BMW i5 will be the best choice for your future travel!

[Autohome Fuzhou Discount Promotion Channel] brings you the latest car purchase benefits! Currently in Fuzhou, a high-profile promotion is underway. Car buyers can enjoy a cash profit of up to 30,000 yuan, making this luxury medium and large SUV more attractive. The minimum starting price has been adjusted to 199,800 yuan, providing consumers with an excellent opportunity to start. Friends who want to seize this car purchase opportunity, don’t miss it, click "Check the car price" in the quotation form, let us explore more preferential possibilities together to help you easily own this distinguished car.

As a high-end business car, the exterior design of the Hongqi EH7 is full of elegance and power. The front face adopts a family-style design language, the large-scale straight waterfall air intake grille highlights the solemn and atmospheric temperament, and the exquisite chrome decoration enhances the overall luxury. The body lines are smooth and sculptural, showing the precise control of details and proportions of the Hongqi brand. The overall style highlights the perfect fusion of modern aesthetics and traditional elements of the Hongqi brand, making it a striking landscape on the road.

As a red flag model that highlights the luxury and technological charm, the EH7 shows its unique temperament in the side design. The body length reaches 4980mm, the width is 1915mm, the height is moderate at 1490mm, and the wheelbase reaches 3000mm, making the overall body line smooth and spacious. The front and rear wheel tracks are 1645mm and 1655mm respectively, ensuring good driving stability. The tire specification is 245/50 R18, and the tire width is moderate, which not only guarantees driving performance, but also enhances the visual beauty. The wheel style is exquisite and atmospheric, which complements the body design, and together creates the elegant side image of this flagship sedan.

The interior design of the Hongqi EH7 highlights the perfect fusion of luxury and technology. The spacious interior space is made of exquisite leather materials, and the steering wheel is wrapped in leather to provide a comfortable grip. It also supports manual up, down, and front and rear adjustments to ensure the best operation experience for the driver. The 15.5-inch oversized central control screen stands in the center, integrating functions such as multimedia, navigation, telephone and air conditioning, making it convenient and intelligent to operate. In terms of seats, imitation leather and leather/fur materials are mixed and matched to ensure comfort and texture. The main driver seat supports multi-directional adjustment, including front and rear, backrest, height and waist support, while the power seat memory function reflects the humanized design. The front seats are also equipped with heating, ventilation and headrest speakers to bring all-round care to the occupants. As for convenience, the car is equipped with a wealth of USB and Type-C ports, two in the front and two in the back, and also supports wireless charging of mobile phones to meet the charging needs of various mobile devices. Together, these configurations create the luxury interior of the Hongqi EH7, providing passengers with a first-class driving experience.

Of course, according to the information provided, the engine of the Hongqi EH7 performs well, with a maximum power of 253 kW and a torque of 450 Nm. This shows that the engine on board has a strong power output and can meet the driver’s demand for performance.

To sum up, the evaluation of the Autohome owner reveals the unique charm of the Hongqi EH7 for us. The logo design suggestion he mentioned undoubtedly reflects the owner’s expectation for brand innovation, and the beautiful appearance of the vehicle has won widespread praise from the people around it. This is enough to prove that the EH7 is not only unique in design, but also its performance in the field of new energy vehicles has been affirmed by the market. For those who seek novelty and practicality, the Hongqi EH7 is undoubtedly a high-quality choice worthy of in-depth exploration.

After entering the new energy era, people’s requirements for SUVs are getting higher and higher, and the budget is 20-300,000 also want to get a "bucket" car, but it is difficult to actually want a product without shortcomings. But just let us see the new idea. On September 22, Changan Qiyuan E07 officially opened the pre-sale. The pre-sale price is: 24.99-31 9,900 yuan. The new car is the first "digital intelligence new car" based on the SDA architecture. The product has enough personality and provides range extension and pure electric power options. So is it worth choosing?

The body design of the Changan Qiyuan E07 is innovative enough to position a medium and large SUV, but the overall loading attributes are taken into account. The front of the car looks calm enough, and there is a lot of futuristic in the details, including the closed grille, wheels, etc. all present a good sense of technology.

In terms of size, Changan Qiyuan E07 is more than 5 meters long, with a wheelbase of 3120 mm and a larger size, which further enhances the performance of the interior space. It is worth noting that the biggest feature of the new car is that it has a huge storage space that can be completely closed. It looks like the back of a pickup truck, but it is actually an openable trunk, and the opening method is electrically opened like the sunroof, coupled with a smooth shape, which is quite a coupe SUV style. After opening, the vehicle also presents a pickup truck shape, so it is no exaggeration to say that Changan Qiyuan E07 will be the most capable SUV in the 300,000.

The interior design of Changan Qiyuan E07 is relatively simple, and it is a familiar new energy style. It eliminates the traditional physical instrument screen and a large number of physical buttons. Most of them can be operated by voice, including a folding screen hidden above the passenger’s head, which enhances the entertainment properties.

In addition, the Changan Qiyuan E07 also has a good level of intelligent driving. The new car will be equipped with the high-end intelligent driving assistance system independently developed by Changan Automobile. It comes standard with 11 cameras, 5 millimeter-wave radars, 12 ultrasonic radars, and 2 lidars. It is also equipped with the NVIDIA Orin-X chip, with a computing power of 254Tops, which also makes the vehicle capable of lane maintenance assistance, line alignment assistance, lane centering, automatic parking, valet parking, and high-speed navigation. All aspects of performance are on par with new forces, and it will also have stronger OTA capabilities in the future.

In terms of power, the Changan Qiyuan E07 pure electric version is available in two-wheel drive and four-wheel drive models. The two-wheel drive models provide two motors with a maximum power of 165kW and 252kW respectively. The total power of the four-wheel drive model is 440kW, which is powerful enough. At the same time, the extended range version will have two versions of single motor and dual motor. It is equipped with a 1.5T engine as a range extender. The maximum power of the engine is 105kW. The peak power of the single motor is 231kW, which can have a pure electric cruising range of 200km. It is worth noting that the new car also has strong off-road capability, air suspension + CDC system, and a wading depth of 600mm, which can greatly improve the vehicle’s passability. The multi-scene attributes of the product can also be more comprehensive.

Overall, the Changan Qiyuan E07 has a unique shape and versatile products. It is a rare personalized product in the domestic market. And the new car has a large space and strong technology for user requests. At the same time, it also provides a comprehensive use of multiple scenarios, including the trunk that can switch between SUV and pickup truck. It is not only novel in design, but also has strong practicality. Users can use it when camping, pulling goods and moving, which will become a place to attract young people. What is important is that in the current homogeneous new energy SUV market, such an SUV can be seen, which can boost the demand points of more consumers. The excellent loading capacity will be recognized by more families who like to travel. Therefore, the future sales of Changan Qiyuan E07 are still very promising.

As the richest man in China, Wang Jianlin has been criticized by the majority of netizens. There are various speculations on the Internet about who Wang Jianlin is? Who is Wang Jianlin’s husband-in-law? What is the family background of Wang Jianlin’s wife, Lin Ning? As the richest man, Wang Jianlin is under extraordinary pressure in China. The following July website will bring you the story behind Wang Jianlin, who is wearing the halo of China’s richest man.

Whose son-in-law is Wang Jianlin?

Wang Jianlin is a very famous figure. His efficiency in making money is comparable to that of us commoners. Many people can’t buy a small house in Beijing with the money they earn in their lifetime, and Wang Jianlin only needs one. The difference goes without saying, everyone, come on. We can only say that we really don’t understand the life of rich people. He also has a famous son named Wang Sicong, who is known as one of the four young masters of the capital.

Wang Jianlin’s wife Lin Ning’s family background

Wang Jianlin’s wife’s surname is Lin, and her name is Lin Ning. Now she is the chairperson of Lin’s Investment Group. We don’t know Lin Ning’s family background, but her own wealth should not be underestimated. Lin Ning’s Investment Group, which is the chairperson of Lin Ning, has a deep relationship with Wanda Group. It was established in March 1994. It is a diversified group company integrating three business formats: building decoration and decoration industry, catering and entertainment industry, and foreign economic and trade industry. It is a partner and strategic partner of Wanda Group in the commercial square project. It owns Tiantai Decoration, big singer chain KTV, Tongda Economic and Trade, Oulante Club and other enterprises.

From the introduction of Lin’s Investment Group, it can be seen that Lin Ning’s company and Wang Jianlin’s Wanda Group can be said to be in different positions of the same industrial chain, which is very beneficial for the cooperation between the two parties. It feels like a husband and wife file, but this husband and wife file is not ordinary big. In addition, Lin Ning and Wang Jianlin work in the same building, and the entire office of Lin’s Investment Group is located on the 26th floor of Wanda Tower.

With the changes of the times, people’s requirements for the home environment are also constantly escalating. From simple shelter from wind and rain to the pursuit of comfortable living experience, modern people’s expectations for home are no longer satisfied with basic needs. Especially for core appliances such as air conditioners, not only do they have high expectations for their health functions, but also require their high value and complement the home style. In response to this trend, TCL Small Blue Wing P7 Fresh Air Conditioning came into being.

Raise the little blue wings to create an air-conditioned environment for the whole house to breathe healthily

According to the "Chinese Medical Guidelines" survey report on the impact of air-conditioning pollution on indoor air quality and population health, the closed central air-conditioning system lacks sufficient fresh air to supplement. The concentration of indoor pollutants is getting higher and higher, and the long-term use of traditional air conditioners has greatly reduced the humidity and oxygen content of indoor air, causing problems such as room odor, dry mouth, and dizziness.

In response to these problems, the TCL small blue wing P7 fresh air air conditioner has opened the "door of fresh air" in a light and flexible form. Taking the TCL small blue wing P7 fresh air air conditioner cabinet as an example, when the suspended small blue wing is started, it is like the bright moon with water droplets rising in the lake, accompanied by wisps of fresh wind blowing. Compared with traditional air conditioners, the TCL small blue wing P7 fresh air conditioner turns on the fresh air mode, which can realize indoor and outdoor ventilation and ventilation, so that the indoor air humidity can be quickly increased to more than 45%. At the same time, it also strengthens the oxygen content in the air, fully dilutes the dirty air, and truly realizes the discomfort of waking up without odor, dry mouth, and dizziness, providing users with a healthier life experience.

It is also worth mentioning that, after the constant polishing of TCL air-conditioning designers, the design of the "micro-hurricane wheel" brings wind direction, air volume and wind temperature control to the user’s home with natural meaning, allowing users to feel the gentle and professional wind in summer or winter, escorting the health of their families.

"Full Moon Display Control" design makes clean and good air visible

Not only is the opening method full of ceremony, but the TCL small blue wing fresh air conditioner also brings bursts of fresh and clean air.

The product is purified by HEPA filter with quadruple filtration, achieving a PM2.5 purification rate of 95.61%, a formaldehyde purification rate of 94.29%, and a TVOC purification rate of 91.54%. With far higher national standard purification efficiency, it brings users a healthier and more comfortable life.

What’s more impressive is that the product adopts a "full moon display control" design. When the newly upgraded TVOC gas monitoring sensor is awakened, it will light up to display indoor air data. Different lights indicate different air quality and TVOC concentration, allowing users to more conveniently understand the air quality status. In both warm and cold air, it can ensure that the indoor air is fresh and good air can be seen.

Jinghu Mingyue design makes life full of artistic feeling

The breeze blew, and the silver moon gradually emerged from the passing clouds, emitting a silver radiance on the rippling lake. TCL air conditioner designers integrated this beauty into the design of TCL’s small blue wing P7 fresh air conditioner panel, making it look like a sparkling lake. People will feel a sense of harmony with nature, as if they are by the quiet lake, enjoying the breeze and the twinkling of the silver moon.

The design is more than just intention. The TCL air conditioner design team has integrated the inspiration obtained from nature into the design of the TCL small blue wing P7 fresh air air conditioner on-hook. After dozens of debugging and innovation in the panel treatment, the proportion and functional arrangement of the whole machine, it presents a quiet and advanced natural picture. The galaxy airflow pattern brushed texture comes from the galaxy starry sky. On the quiet lake, the stars are accompanied by the bright moon. With the movement of the stars, a beautiful star track is formed. In order to leave this beautiful scene, we will replicate the star track on the air conditioner panel and become a beautiful picture scroll for decorating the home environment.

In today’s home appliance market, air conditioners have become an indispensable device for every household. A good air conditioner should not only have excellent cooling and heating performance, but also be able to bring health, intelligence and aesthetic enjoyment to users. TCL Small Blue Wing P7 Fresh Air Conditioning is such an excellent product that fully meets user requests. It not only has powerful functions and experience, but also makes users feel comfortable and happy during use through user-friendly design and aesthetic concepts.

　　CCTV News:In the past two days, the teachers of the Broadcasting and Hosting Practice Training Base of the State Administration of Radio and Television walked into some primary and secondary schools and kindergartens in Kashgar, Xinjiang, and held a special meeting to promote Putonghua for everyone, sending a New Year greeting to the children.

　　In the No.2 Middle School of Yecheng County, Kashgar, Xinjiang, Hai Xia, member of Chinese People’s Political Consultative Conference and anchor of CCTV News Network, had a close communication with students and promoted Putonghua through poetry recitation and knowledge quiz.

　　Deliyar Maimaiti Aili, a student of Yecheng No.2 Middle School:I feel very warm when I receive this gift. When I grow up, I will also use my own actions to help others.

　　This activity specially donated books and audio learning tools for children in some primary and secondary schools and kindergartens in Yecheng County and Makati County.

　　Zhou Jie, Chairman of the Party Committee Secretary of Haitong Securities, the activity support unit:Driving children to broaden their horizons can change the face of their hometown.

　　It is understood that this activity will also go to many primary and secondary schools and kindergartens in Tibet, Yunnan, Jiangxi and Anhui to help local education get rid of poverty.

　　Member Chinese People’s Political Consultative Conference and Hai Xia, anchor of CCTV News Network of Central Radio and Television General Station:We hope that in the frontier ethnic areas, we will vigorously promote the national common language, help them get rid of poverty, help the future development of frontier ethnic areas, and help our children of all ethnic groups grow together.

　　Editor’s note:In life, we will inevitably encounter all kinds of trivial problems. If you master some tricks, trick or two, you may be able to solve life’s problems.

　　You can’t wear perfume in five places: your eyes are easily irritated and your hair will become dry.

　　Reader’s Digest magazine in the United States summarized five parts that should not be sprayed with perfume.

　　1. Eye area. Perfume contains alcohol, some even as high as 95%. The skin around the eyes is very sensitive, and it is easy to cause a stimulating reaction after touching the perfume containing alcohol.

　　2. hair. Although hair can naturally absorb odor, perfume containing alcohol will dry hair, especially if it is sprayed directly on hair. It is recommended to spray a small amount of perfume on the comb before combing your hair, so as to reduce the damage to your hair.

　　3. hands. Perfume containing alcohol will dry the skin of hands and may cause chapping. Moreover, after the perfume is sprayed on the hands, it happens to rub the eyes, which will also stimulate the eyes.

　　4. Axillary. Many people care about the smell of their armpits, but perfume will affect the normal operation of sweat glands in armpits, causing itching and burning pain, and may make the smell worse.

　　5. Private parts. Similarly, spraying perfume on private parts can also cause dry skin. Especially for women, perfume can irritate the genitals, causing inflammation, itching and pain.

　　The most suitable place to wear perfume is the part with active pulse, including the wrist, neck and the back of the knee. Spraying perfume in these heat-emitting areas is not easy to cause irritation to the skin. Skin sensitive person is best sprayed on clothes, perfume does not directly contact the body, and the fragrance lasts longer.

　　There are eight measures to reduce swelling in eyes: eat less salt, apply cucumber and put a pillow … …

　　American Reader’s Digest magazine summarized several methods to reduce eye swelling.

　　1. Eye drops. Eye swelling is sometimes caused by allergies, and over-the-counter eye drops and antihistamines can be used. Antihistamines have a powerful anti-inflammatory effect, which can resist histamine released in allergic reactions.

　　2. Change your diet. The most important thing in diet is to limit the intake of salt and alcohol. Regular consumption of colorful vegetables and foods rich in potassium (such as cabbage, cucumber, carrot, tomato and banana) can also eliminate swelling.

　　3. Frozen spoon. Put two spoons in the refrigerator during the day and buckle them on your eyes at night. Doing so can cool the area around the eyes and play a role in reducing swelling.

　　4. Apply wet wipes. Soak wet wipes in a mixture of cucumber water, lemon juice and green tea, and then put them in the refrigerator. After a few hours, take it out of the refrigerator, fold the wet towel and put it on your eyes for cold compress.

　　5. Apply egg white. Break the egg, take out the egg white, leave it for a while until the egg white is slightly solidified, then carefully apply the liquid under your eyes with a brush, keep it for 5~10 minutes, and then wash it with warm water.

　　6. Cucumber slices. Cucumber contains natural ascorbic acid and caffeic acid, which can reduce water retention. It also contains mild astringents, natural antioxidants and flavonoids, which can reduce inflammation. Iced cucumber slices have a better effect on reducing eye swelling.

　　7. Apply tea bags. Apply two packs of iced tea bags to your eyes for 5~10 minutes. Antioxidants, tannins and caffeine in tea help to constrict blood vessels and tighten the skin.

　　8. Cushion the pillow when sleeping. When sleeping at night, the pillow is raised to make the head the highest part of the body, which helps to reduce eye swelling.

　　Why do you cough when you are stressed?

　　Have you ever been nervous and kept coughing, cleared your throat repeatedly and still felt uncomfortable? This cough may be caused by psychological stress. Japan’s "Vitality Gate" website explains why.

　　When sputum and other secretions are accumulated in the respiratory tract, or foreign bodies such as dust and dirt are inhaled, the passage of air into the lungs is blocked, and the sensor on the surface of the respiratory tract will report it to the brain after sensing it. The brain sends out the command of "cough" in order to expel the foreign body from the respiratory tract in time. It can be said that coughing is a "defensive" action to ensure the quality of human breathing. When we feel stressed, the autonomic nerves (sympathetic and parasympathetic nerves) in the body become active. The activity of sympathetic nerve leads to the relaxation of blood vessels and respiratory tract, and the pulse becomes faster; Parasympathetic nerves play a reverse inhibitory role, helping the body to restore its normal running rhythm. Once the stress is not relieved, the work balance of autonomic nerves will be disturbed, and the influence of parasympathetic nerves will often dominate. At this time, due to the narrowing of respiratory tract contraction, it becomes particularly sensitive to "foreign bodies" that are not usually felt, and it is necessary to cough them up. This is why I like to cough when I am nervous.

　　Although a few coughs can temporarily relieve stress, if it is a habitual cough, it may also lead to some serious diseases if it is left unchecked. Some people usually have the habit of clearing their throats frequently, and feel that there is always a foreign body sensation in their throats. In this case, in addition to considering the psychological system factors, it is suggested that doctors should be consulted in time to check whether there are allergies, infections and other problems.

　　Sleep soundly at chess at night.

　　Britain’s "Top Health Network" published an article, summarizing three best methods that can make the brain have a good rest — — Playing chess, dancing and doing handicrafts.

　　Play chess. Playing chess not only exercises the mind and pleases the body and mind, but also helps to cultivate people’s patience and carefulness, soothe the brain and give them a full rest. The study found that playing chess with the brain seems to increase the burden on the brain. In fact, playing chess not only uses the left brain, but also uses both the left and right brains. You don’t need to concentrate too much on playing chess, let alone rack your brains. The process of playing chess will make brain neurons connect faster, thus relieving anxiety, relaxing, prolonging attention duration and enhancing self-confidence.

　　Dance. Dancing can not only keep healthy, but also improve sleep. Dancing with your body can put aside all your troubles, and living in the present will give your brain a full rest. Whether it is solo dancing in the living room or group dancing in the square, it can make the brain empty of distractions and be more beneficial to sleep. Dancing with beautiful music can also increase the secretion of calming and comfortable endorphins, make the brain calm down faster, and also help improve the quality of sleep.

　　Do manual work. Mihaly csikszentmihalyi, a psychologist at Clairmont Research University in the United States, said that living in "flow" (completely focusing on a creative task) is the secret to a happy life. Weaving, bonsai, sewing and other creative and repetitive manual crafts have therapeutic effects on the brain and give it a perfect rest. Don’t worry about being a novice, because the process of manual creation, like many other activities, will bring you positive motivation and let your brain rest in a way similar to "meditation" or sleep. (People’s Health Comprehensive from Life Times)