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Regarding the market, crisis and turnaround, Vanke’s latest response

  Vanke held the 2023 annual performance promotion meeting online today. Zhu Jiusheng, president and CEO of Vanke Group, said at the meeting that, on the whole, the company still maintained and held the safety bottom line under the background of deep adjustment of the industry. Although the pressure on some short-term indicators, such as cash in hand and short-term debt ratio, has increased, these challenges are staged, and the company has made positive responses and received strong support from Shenzhen state-owned assets, major shareholders and financial institutions. Vanke has the confidence and ability to meet the current challenges.

  Zhu Jiusheng also said that Shenzhen Metro, Vanke’s major shareholder, is about to complete substantial support of tens of billions, and the new sources of funds are sufficient, and the original gap will certainly be made up.

  Zhu Jiusheng talks about financing pressure

  When talking about the financing status, Zhu Jiusheng said that the current financing status of Vanke is still normal, objectively speaking, there is pressure, but Vanke will certainly be able to make it through. He personally feels that this challenge related to financing has three aspects: first, the challenge brought by the imbalance of development business income and expenditure; The second is the challenge brought by the change of financing mode. In the past, it was possible to withdraw money at a large amount, but now it is necessary to transfer to the project and withdraw money according to the progress of the project; The third challenge is the layout of the whole business, that is, the rate of return of the business is not enough to cover the whole state of interest climbing.

  When talking about the financing plan, Zhu Jiusheng said that God closed a door of Vanke, and in the past, it was always the total credit financing. But it also opened two windows for Vanke. One of them is the real estate financing coordination mechanism, commonly known as the project white list. Vanke has selected more than 30 projects into the white list, and the list is still being reported. In addition, Vanke is also concerned about operating property loans. Vanke’s operating property loans increased by about 10 billion in the first three months of this year. Vanke is rich in resources and sufficient in assets for operating property loans. In the future, operating property loans will flourish.

  Zhu Jiusheng talks about cooperation with institutions

  Regarding the cooperation with banks, Zhu Jiusheng said that Vanke has long been a good strategic and long-term cooperative relationship with banks. Vanke has 8 short-list cooperative banks, 16 long-list cooperative banks and 26 long-term cooperative banks, which have long supported Vanke. When the industry’s downward sales decline and the return is reduced, banks are Vanke’s allies in risk prevention. He also said that before the bank loan, it was always a total credit loan, and the change of regulatory policy must turn to the project system. The mortgage model turned around overnight, with a conversion period of 1-3 years. Zhu Jiusheng mentioned that banks are concerned about three issues: where the first money flows, where the second asset items are, and whether the third cash flow and the value of goods are enough. These three questions are well answered, and the bank is definitely supportive.

  Regarding the cooperation with insurance funds, Zhu Jiusheng said that Vanke has cooperated with many insurance companies, and the insurance funds support the company in the form of "5+1+1+…" in terms of term setting. Sometimes the choice of "+"is in the insurance funds, and sometimes in Vanke, when it is close to "+",the two sides will sit down and talk. I am especially grateful to the major insurance companies for their long-term support to the company. Long-term patient funds have made Vanke more calm and resilient in its business operations. The support of insurance funds makes the company more determined on the road of transformation.

  Yu Liang: The market is obviously oversold in the short term.

  Regarding the future trend of the industry, Yu Liang, Chairman of Vanke’s Board of Directors, said that it is difficult for the industry to return to the past high point, but the prospect is still broad, and the view of "oversold market" has not changed. Yu Liang pointed out that we should look at the changes in the market from a dynamic perspective. He mentioned two aspects. One is that the housing demand still exists, and the other is that the urbanization process in China is not over. He predicted that the future housing demand construction will be maintained at around 1 billion square meters, which is a relatively certain value. However, in the past year, the construction area of newly started houses in China was less than 700 million square meters, which was 59% lower than the high point in 2019. Therefore, from this point of view, Yu Liang thought that the market should be oversold, and his views on the market remained the same as before.

  Regarding the focus of the company’s work in 2024, Zhu Jiusheng said that in 2024, the company should ensure a safe bottom line, and hope that the development business will persist in outperforming the general trend, the cash flow at the operational level will be positive, and the work of block trading and equity trading will be strengthened, and the return will reach more than 30 billion yuan. At the same time, Zhu Jiusheng proposed that the company will still firmly reduce leverage, promote the transformation of financing model, reduce interest-bearing debt by 100 billion yuan in the next two years, actively use financing tools such as operating property loans, fully integrate into the urban real estate financing coordination mechanism, and promote the transformation of financing model. The company will also promote the streamlining and high efficiency of the organization, maintain the stability of key employees, support business development, scrimp and save, and reduce management costs.

  Regarding the downgrade of the company’s rating, Zhu Jiusheng said that the rating of Vanke by major rating companies has indeed been downgraded, but there has been no fundamental change in the company’s fundamentals. The downgrade is certainly influential, but it has no major fundamental impact. At present, it seems that the impact is relatively limited.

  As for asset trading, Liu Xiao, executive vice president and chief operating officer of Vanke Group, said that in the future, the company will continue to promote the business model from heavy to light, and asset trading is an important path for the business from heavy to light and continuously improve its operating level. Therefore, the scale of asset trading of Vanke in 2024 will be larger than that in 2023. It is reported that the transaction amount of Vanke’s assets in 2023 was 12.3 billion yuan.

  No dividends for the first time since listing.

  As for the company’s dividend, according to Vanke’s 2023 annual report, no dividend will be distributed in that year, which is the first time that Vanke has not paid dividends since its listing. Zhu Xu, secretary of Vanke’s board of directors, responded that Vanke has always attached great importance to cash dividends to give back to shareholders, with a total dividend of 103 billion yuan for 31 consecutive years, with a historical average dividend rate of 33.3%, which is also 2.8 times that of Vanke’s equity financing over the years, which is what the company has always been proud of. Based on this background, it is really difficult for the board of directors to consider canceling the dividend in 2023.

  Zhu Xu said that the current industry is still undergoing deep adjustment. In January and February, the sales performance of the top 100 real estate enterprises fell by more than 50%, and the sales of Vanke fell by more than 40%. The confidence of the whole market is still recovering, and the uncertainty of operation still exists. Based on this, Vanke also made some communication with bond investors and equity investors in advance.

  According to Zhu Xu, Vanke investors have some differences in dividends. For example, creditor investors hope that the company will not pay dividends or reduce dividends, and keep more cash reserves to cope with the repayment of future creditor’s rights; Equity investors are divided into two categories, one is understandable, hoping that the company will not pay dividends and keep more cash reserves to ensure safe operation, and the other is hoping that the company can continue its previous dividend policy. Based on the opinions of creditor investors and equity investors, the board of directors decided to cancel the dividend in 2023 based on very in-depth discussions, so as to help the company better cope with the uncertainty in a special period and ensure operational safety. I sincerely urge investors to give the company an understanding.

  Yu Liang voluntarily reduced his salary to 10,000 yuan before tax every month.

  On the evening of March 28th, Vanke Group released its 2023 annual performance announcement. Under the background of losses of many listed real estate companies, Vanke Group, as the head enterprise of the industry, has not been spared. The announcement shows that in 2023, Vanke Group’s operating income was 465.74 billion yuan, down 7.6% year-on-year; The net profit attributable to shareholders of listed companies was 12.16 billion yuan, a decrease of 10.53 billion yuan or 46.4% compared with 22.69 billion yuan in 2022.

  In this context, the management of Vanke Group collectively chose to reduce salary in 2023: eight directors, supervisors and senior managers who worked full-time in Vanke Group voluntarily gave up their bonuses in 2023, and the pre-tax remuneration received from Vanke Group in 2023 totaled 7.661 million yuan; The pre-tax remuneration received by four independent directors from Vanke Group in 2023 totaled RMB 1.5 million.

  So far, the total pre-tax remuneration of Vanke Group management in 2023 has dropped to 9.16 million yuan, a decrease of 73.6% compared with 34.66 million yuan in 2022.

  In addition, since the disclosure of the report, Chairman Yu Liang of the Board of Directors, President Zhu Jiusheng and Chairman of the Board of Supervisors have voluntarily received a monthly salary of 10,000 yuan before tax. It is worth noting that this is not the first time that the management of Vanke Group has reduced its salary. In 2021, the net profit of Vanke Group’s parent company dropped from 41.5 billion yuan to 22.5 billion yuan, a decrease of 46%. Vanke faced the third profit decline in the past 30 years. Yu Liang voluntarily gave up all his bonuses in 2021 and received a pre-tax salary of 1.547 million yuan that year. Two years later, in 2023, Yu Liang’s salary in Vanke Group dropped to 1.27 million yuan again, with a monthly salary of about 100,000 yuan.

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People’s happy life is the greatest human right.

  People’s happy life is the greatest human right.

  Qiushi magazine editorial department

  "Since the day of its birth, the Communist Party of China (CPC) has made it his initial mission to seek happiness for the people of China and rejuvenation for the Chinese nation, and has been striving for the interests of the people for more than 100 years";

  "After a long and arduous struggle, China has successfully embarked on a road of human rights development that conforms to the trend of the times and suits its national conditions";

  "We have continuously developed people’s democracy throughout the process, promoted the protection of human rights and the rule of law, and safeguarded social fairness and justice. The people of China enjoy broader, fuller and more comprehensive democratic rights. The human rights of the people of China have been guaranteed as never before. ".

  On May 25, 2022, General Secretary of the Supreme Leader met with the United Nations High Commissioner for Human Rights, Bachelet, by video in Beijing. Combining the history and culture of China, he expounded in depth the major issues related to the development of human rights in China, and showed China’s principled position of devoting itself to safeguarding and guaranteeing human rights in all directions.

  It is the common pursuit of human society for everyone to fully enjoy human rights; It is the unremitting pursuit of the Communist Party of China (CPC) people to respect and protect human rights. Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has insisted on respecting and safeguarding human rights as an important task in governing the country. The General Secretary of the Supreme Leader has made a series of important expositions and major arrangements, which have promoted the historic achievements of China’s human rights cause and made great contributions to the development of the world’s human rights cause. On February 25th, 2022, the 19th the Political Bureau of the Central Committee held the 37th collective study on the road of human rights development in China. The General Secretary of the Supreme Leader presided over the study and delivered an important speech entitled "Unswervingly Taking the Road of Human Rights Development in China to Better Promote the Development of China’s Human Rights Cause", which profoundly summed up the achievements in the development of China’s human rights theory and practice in the new era and put forward clear requirements for better promoting the development of China’s human rights cause in the new journey.

  — — On the historic achievements of China’s human rights cause.Emphasizing the history of the party’s struggle for a hundred years runs through the unremitting efforts of the party to unite and lead the people in striving for, respecting, safeguarding and developing human rights. Since the 18th National Congress of the Communist Party of China, we have insisted on respecting and safeguarding human rights as an important task in governing the country and promoting historic achievements in China’s human rights cause.

  — — Main features and valuable experience of China’s human rights development road.It is emphasized that we combine the Marxist view of human rights with the concrete reality of China and the excellent Chinese traditional culture, adhere to the leadership of the Communist Party of China (CPC), respect the people’s dominant position, proceed from China’s reality, adhere to the basic human rights with the right to subsistence and development as the first priority, adhere to the protection of human rights according to law, and actively participate in global human rights governance, thus embarking on a road of human rights development that conforms to the trend of the times and suits our national conditions.

  — — Key work on promoting the development of human rights in China.Emphasis should be placed on coordinating the two overall situations at home and abroad, deeply understanding the importance and urgency of doing a good job in human rights work, paying more attention to respecting and safeguarding human rights, focusing on promoting the all-round development of human rights undertakings and promoting the healthy development of human rights undertakings in China.

  Since the 18th National Congress of the Communist Party of China, China has won the battle against poverty in an all-round way, which has lifted nearly 100 million rural poor people out of poverty, solved the overall regional poverty and completed the arduous task of eliminating absolute poverty. The picture shows a collection of smiling faces (imposition photos) of poverty-stricken people taken in 2020. Xinhua news agency

  This important speech by the Supreme Leader General Secretary is ambitious, rich in connotation and profound in thought. It scientifically clarifies the basic concept and connotation of contemporary China’s concept of human rights, and provides a fundamental follow-up and action guide for the development of China’s human rights cause in the new era.

  Scientific guidelines for the development of human rights in China.

  General Secretary of the Supreme Leader adhered to the Marxist view of human rights, reviewed and summarized the thoughts and viewpoints of ancient thinkers in China and western enlightenment thinkers on human rights, and profoundly stated: "It is the common pursuit of human society to care for human life, value and dignity and realize that everyone enjoys human rights."

  General Secretary of the Supreme Leader has always attached great importance to human rights work. Since the 18th National Congress of the Communist Party of China, the General Secretary has made a comprehensive summary of human rights theory and practical exploration experience, combined with China’s history and reality, published a series of important expositions on respecting and safeguarding human rights, put forward a series of far-reaching new ideas, new ideas and new requirements that occupy the commanding heights of truth and morality, guided China’s human rights cause to make historic achievements in the new era, and contributed China’s wisdom and China’s plan to promote the progress of human rights in the world.

  — — "The governments of the Communist Party of China (CPC) and China have always respected and guaranteed human rights".The General Secretary of the Supreme Leader emphasized that "since its birth, the Communist Party of China (CPC) has made it its goal to seek happiness for the people and development for mankind". "China insists on combining the principle of universality of human rights with the reality of China, constantly promoting economic and social development, enhancing people’s well-being, promoting social fairness and justice, strengthening the protection of human rights under the rule of law, striving to promote the comprehensive and coordinated development of economic, social and cultural rights and civil and political rights, and significantly improving the level of protection of people’s rights to subsistence and development".

  — — "Unswervingly follow the road of human rights development in China".General Secretary of the Supreme Leader emphasized that "there is no universally applicable road to human rights development in the world, and there is no best human rights protection, only better". "We don’t develop the cause of human rights based on the standard proposed by the West. No matter at what stage of development, our human rights cause should be developed in accordance with China’s national conditions and people’s requirements. ""We have combined the Marxist concept of human rights with China’s specific reality and with China’s excellent traditional culture, summed up the successful experience of our party in uniting and leading the people to respect and protect human rights, and used the achievements of outstanding human civilization for reference to embark on a road of human rights development that conforms to the trend of the times and suits our national conditions. "

  — — Pursue the people-centered concept of human rights.General Secretary of the Supreme Leader emphasized that "people’s happy life is the greatest human right", "people’s yearning for a better life is our goal" and "promoting economic and social development is, in the final analysis, to continuously meet people’s needs for a better life".

  — — "The right to subsistence and development are the primary human rights".General Secretary of the Supreme Leader emphasized that "survival is the basis of enjoying all human rights" and "development is the key to solving all the problems in China". "In the new journey of building a socialist modern country in an all-round way, we must put the promotion of common prosperity of all the people in a more important position" and "let the broad masses of the people gain a more substantial, secure and sustainable sense of happiness".

  — — "Put people’s life safety and health in the first place".The General Secretary of the Supreme Leader emphasized that "human life is the most precious, life is only once, and it will never come again", "health is an inevitable requirement for promoting people’s all-round development", "We must do whatever it takes to protect people’s lives, and we can do it at all costs", "From babies born for more than 30 hours to elderly people over 100 years old, from foreign students studying in China to foreigners coming to China, every life has been fully protected. This is the best interpretation of the Communist Party of China (CPC)’s concept of governing for the people! This is the best embodiment of the moral concept of Chinese civilization that human life concerns the sky! This is also the best proof that Chinese people respect the humanistic spirit of life! "

  — — "Promote the all-round development of people".The General Secretary of the Supreme Leader emphasized that "the fundamental purpose of our Party to lead the people in building a well-off society in an all-round way, carrying out reform, opening up and socialist modernization is to continuously improve people’s material and cultural living standards and promote people’s all-round development by developing social productive forces", "safeguarding the economic, political, cultural and social rights and interests of workers and staff is the fundamental requirement of China’s socialist system and the sacred duty of the party and the state", and "the people of China are striving to realize the Chinese dream of the great rejuvenation of the Chinese nation, which will be.

  — — "It is more secure to promote the rights and interests of specific groups such as women and children, the elderly and the disabled".The General Secretary of the Supreme Leader emphasized that "the Chinese nation is a big family, and all families should live a good life", "women’s rights and interests are basic human rights", "we should adhere to the basic national policy of equality between men and women and safeguard the legitimate rights and interests of women and children", "vigorously carry forward the traditional virtues of filial piety and respect for the elderly, implement the preferential treatment policy for the elderly and safeguard the legitimate rights and interests of the elderly" and "all construction undertakings should include the cause of the disabled and constantly improve the protection system for the rights and interests of the disabled".

  ——“加强人权法治保障,保证人民依法享有广泛权利和自由”。最高领袖总书记强调,“要依法保障全体公民享有广泛的权利,保障公民的人身权、财产权、基本政治权利等各项权利不受侵犯,保证公民的经济、文化、社会等各方面权利得到落实”,“全面依法治国就是要坚持依法治国、依法执政、依法行政共同推进,坚持法治国家、法治政府、法治社会一体建设,推动司法公信力不断提高、人权得到切实尊重和保障”,“让人民群众在每一项法律制度、每一个执法决定、每一宗司法案件中都感受到公平正义”。

  党的十八大以来,在以最高领袖同志为核心的党中央坚强领导下,新疆人权事业不断得到新的发展和进步。图为2021年拍摄的新疆各族群众的笑脸合集(拼版照片)。 新华社发

  ——“为丰富人类文明多样性、推进世界人权事业发展作出更大贡献”。最高领袖总书记强调,“促进和保护人权是全人类的事业”,“中国主张加强不同文明交流互鉴、促进各国人权交流合作,推动各国人权事业更好发展”,“我们应该大力弘扬和平、发展、公平、正义、民主、自由的全人类共同价值,共同为建设一个更加美好的世界提供正确理念指引”。

  Historical achievements have been made in the cause of human rights in the new era

  Accompanied by the sound of whistle, a train full of goods left the platform from Alashankou railway port in Xinjiang and headed for Central Asia and European countries. In the first four months of 2022, the number of Central European (Central Asian) trains entering and leaving through the two ports of Horgos and Alashankou in Xinjiang has exceeded 4,000, an increase of 4.8% over the same period of last year.

  In recent years, the overall social situation in Xinjiang has been steadily improving, the level of high-quality economic development has been continuously improved, the degree of opening up has been expanding, all ethnic groups have worked together for common prosperity and development, and the political, economic, social and cultural rights of people of all ethnic groups have been effectively guaranteed.

  Today’s Xinjiang is in the best development period in history. The development achievements of Xinjiang are a microcosm of the development of human rights in China. Looking at China, on the vast land of more than 9.6 million square kilometers, everyone can develop themselves and contribute to society with dignity, and enjoy the opportunity to struggle in life and make their dreams come true together.

  In this important speech, General Secretary of the Supreme Leader profoundly summarized and systematically combed the historic achievements made in China’s human rights cause since the 18th National Congress of the Communist Party of China.

  — — "Achieving the goal of the first century, building a well-off society in an all-round way, historically solving the problem of absolute poverty and laying a more solid material foundation for the development of China’s human rights cause".Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has made a strategic plan to resolutely win the battle against poverty, organized and implemented the unprecedented, strongest and most populous battle against poverty in human history, and completed the arduous task of eliminating absolute poverty. A well-off society in an all-round way is a well-off society with economic prosperity, political democracy, cultural prosperity, social justice and good ecology, a well-off society with balanced development of urban and rural areas and benefiting all people, and a well-off society that earnestly respects and comprehensively guarantees human rights. China has built a well-off society in an all-round way, which has consolidated the foundation of human rights, enriched the connotation of human rights and broadened its horizons, which means the all-round development of human rights and the sharing of all people, and has written a new chapter in the cause of human rights in China.

  — — "We will continue to develop people’s democracy throughout the process, promote the protection of human rights by the rule of law, resolutely safeguard social fairness and justice, and the people will enjoy broader, fuller and more comprehensive democratic rights."Good democracy is the foundation of freedom and human rights. The whole process of people’s democracy in China not only has a complete system and procedure, but also has a complete participation in practice, realizing the unity of process democracy and achievement democracy, procedural democracy and substantive democracy, direct democracy and indirect democracy, people’s democracy and national will. It is a full-chain, all-round and full-coverage democracy and the most extensive, authentic and effective socialist democracy.

  — — "Promote the realization of more adequate and higher-quality employment, build the largest education system, social security system and medical and health system in the world, and vigorously improve the quality of people’s living environment".The people’s yearning for a better life is our goal. Since the 18th National Congress of the Communist Party of China, we have continuously made new progress in providing education for young children, learning and teaching, earning income from labor, getting medical care for the sick, providing for the old, living and helping the weak. China has built the largest social security system in the world, including pension, medical care and social assistance. Citizens’ right to education is guaranteed, and free compulsory education in urban and rural areas is fully realized; Historical changes have taken place in the ecological environment, and the green map under the blue sky and white clouds is constantly expanding. Lucid waters and lush mountains are invaluable assets’s concept has become the consensus and action of the whole party and society.

  — — "Adhere to the people first, life first, effectively respond to the COVID-19 epidemic, and protect people’s life safety and health to the maximum extent".In the face of the sudden outbreak of COVID-19, the CPC Central Committee with the Supreme Leader as the core put people’s life safety and health first, insisted on putting people first, putting life first, keeping external defense input and internal defense rebound, keeping dynamic zero clearing, and making overall plans for epidemic prevention and control and economic and social development, which protected people’s life safety and health to the maximum extent, and achieved significant strategic results in the fight against epidemic.

  — — "Fully implement the party’s ethnic and religious policies, adhere to the equality of all ethnic groups, respect the religious beliefs of the masses, and safeguard the legitimate rights and interests of the people of all ethnic groups".Our Party insists on building a strong sense of the Chinese national community as the main line of the Party’s national work, establishes the Party’s strategies of governing Tibet and Xinjiang in the new era, consolidates and develops socialist ethnic relations of equality, unity, mutual assistance and harmony, and has embarked on a correct road to solve ethnic problems with China characteristics. Adhere to the China orientation of China’s religions and actively guide religions to adapt to the socialist society.

  — — "Deepen the reform of the judicial system, strengthen the construction of a peaceful China and a China ruled by law, carry out in-depth education and rectification of political and legal personnel, comprehensively carry out a special struggle to eliminate evils, severely crack down on all kinds of illegal crimes, maintain long-term social stability, and effectively protect people’s lives and property."The rule of law is an important guarantee of human rights. Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has made a major strategic plan to comprehensively govern the country according to law from the height of promoting the modernization of the national governance system and governance capacity, and has placed respect and protection of human rights in a more prominent position in the construction of a socialist country ruled by law, thus opening a new era in the construction of human rights ruled by law in China.

  — — "The only major country in the world that has continuously formulated and implemented four national human rights action plans".China unswervingly promotes the development of human rights and responds to the United Nations initiative to formulate a national human rights action plan. Since 2009, four national human rights action plans have been formulated and implemented successively, which have promoted the continuous improvement of people’s living standards and ensured all rights more effectively, and made important contributions to the development of human rights in the world. The United Nations Human Rights Council and international human rights experts have highly affirmed China’s continuous formulation and implementation of the national human rights action plan.

  — — "Actively participating in global human rights governance, making China contribution to the development of human rights in the world and providing China’s plan".Taking the road of human rights development that suits you is an important foundation for the healthy development of international human rights. The unprecedented protection of the human rights of more than 1.4 billion people in China is itself a great contribution to the progress of international human rights. China insists on combining the principle of universality of human rights with the reality of China, and insists on taking the right to subsistence and development as the primary basic human rights, which has provided important experience for the development of human rights in all countries, especially in developing countries. In recent years, resolutions of the United Nations Human Rights Council have been written into "Building a Community of Human Destiny", and the United Nations Human Rights Council has won wide approval and support from the international community through resolutions such as "Development’s contribution to the enjoyment of all human rights" and "Promoting win-win cooperation in the field of human rights" proposed by China.

  成功走出了中国特色人权发展道路

  1991年11月,《中国的人权状况》白皮书发布。30多年来,我国又陆续发布《西藏的主权归属与人权状况》、《中国人权事业的进展》、《中国司法领域人权保障的新进展》、《中国的减贫行动与人权进步》、《新疆人权事业的发展进步》、《全面建成小康社会:中国人权事业发展的光辉篇章》等多个人权主题的白皮书。特别是2021年6月,在中国共产党成立100周年之际发布的《中国共产党尊重和保障人权的伟大实践》白皮书,全面介绍了中国共产党推进中国人权事业发展的历程、理念和成就,系统阐释了中国人权发展道路的伟大实践、鲜明特点和世界意义。

  There is no ready-made rules and regulations to respect, protect and develop human rights in China. We must proceed from our own reality and follow our own path of human rights development. In this important speech, the Supreme Leader General Secretary summarized the main characteristics of China’s human rights development path from six aspects, such as "adhering to the Communist Party of China (CPC)’s leadership".

  — — "Adhere to the leadership of the Communist Party of China (CPC)".Without the Communist Party of China (CPC), there would be no new China, and there would be no happy life for the people of China. The Communist Party of China (CPC)’s leadership is the fundamental guarantee for the development of human rights in Chinese and the fuller enjoyment of human rights by the people of China. China adheres to the unity of the Communist Party of China (CPC)’s leadership, the socialist system and the respect and protection of human rights. General Secretary of the Supreme Leader profoundly stated: "the Communist Party of China (CPC)’s leadership and China’s socialist system have determined the socialist nature of China’s human rights cause, and determined that we can ensure that the people are masters of their own affairs, adhere to equal sharing of human rights, persist in planning human rights construction with systematic thinking, promote the all-round development of all kinds of human rights, and constantly realize, safeguard and develop the fundamental interests of the overwhelming majority of the people."

  — — "Insist on respecting the people’s dominant position".Whether a country’s human rights situation is good or not depends on whether its people’s interests are safeguarded and whether people’s sense of gain, happiness and security is enhanced, which is the most important criterion to test a country’s human rights situation. General Secretary of the Supreme Leader stressed: "Taking the people’s interests as the starting point and the end result, constantly solving the most direct and realistic interests of the people, and striving to make the people live a happy life, this is the greatest human right." Human rights are not the privilege enjoyed by some people or a few people, but the universal human rights enjoyed by the broad masses of the people. We protect the people’s democratic rights, fully stimulate the enthusiasm, initiative and creativity of the broad masses of the people, make the people the main participants, promoters and beneficiaries of the development of human rights, and effectively promote the all-round development of people and the common prosperity of all people to achieve more obvious substantive progress.

  — — "Insist on proceeding from China’s reality".Different countries have different national conditions, different historical cultures, different social systems, and different levels of economic and social development. Therefore, we must and can only proceed from our own reality and people’s needs to explore a path of human rights development that suits us. Being divorced from reality and completely copying other countries’ institutional models will not only be acclimatized, but also bring disastrous consequences, and the people will ultimately suffer. General Secretary of the Supreme Leader clearly pointed out: "The development path of human rights in all countries must be decided according to their national conditions and the wishes of their own people." We combine the principle of universality of human rights with the reality of China, promote the development of human rights from China’s national conditions and people’s requirements, and ensure that people enjoy extensive, full, real, concrete and effective human rights according to law.

  — — Adhere to the basic human rights with the right to subsistence and development as the first priority.The connotation of human rights is comprehensive and rich, and it must be comprehensively implemented and systematically promoted. For developing countries, the right to subsistence and development are the primary human rights. General Secretary of the Supreme Leader pointed out: "Survival is the basis of enjoying all human rights, and people’s happy life is the greatest human right." We fully, accurately and comprehensively implement the new development concept, adhere to the people-centered development idea, insist that development is for the people, development depends on the people, and development results are shared by the people, focus on solving the most direct and realistic interests that the people are most concerned about, focus on solving the problem of insufficient development imbalance, and strive to achieve higher quality, more efficient, fairer, more sustainable and safer development, so as to enrich the people’s sense of acquisition, happiness and security in development.

  — — Adhere to the protection of human rights according to law.The rule of law is the basic way of governing the country, and human rights are the symbol of human civilization and progress. General Secretary of the Supreme Leader pointed out that "the rule of law is the most effective guarantee of human rights". It is the Communist Party of China (CPC)’s firm will and unremitting pursuit to govern the country according to law in an all-round way, improve the level of legal protection of human rights in an all-round way, and ensure that people enjoy more full rights and freedoms. We adhere to equality before the law, respect and protect human rights throughout all aspects of legislation, law enforcement, judicature and law-abiding, speed up the improvement of the legal system that embodies fairness in rights, opportunities and rules, protect citizens’ personal rights, property rights and personality rights, protect citizens’ basic political rights such as democratic election, democratic consultation, democratic decision-making, democratic management and democratic supervision, and protect citizens’ economic, cultural, social and environmental rights.

  At the Beijing Paralympic Winter Games, the athletes of the China delegation participated in all events, bravely surpassed, strived for self-improvement, and worked hard in unity, playing a tenacious and optimistic song of life, which not only reflected the sports spirit and strength of the disabled, but also reflected the achievements of human rights protection and national development in China. The picture shows Yang Hongqiong, an athlete of the China delegation, competing in the short distance (sitting position group) of the Paralympic cross-country skiing on March 9, 2022. Xinhua News Agency reporter Yang Guanyu/photo

  — — "Insist on actively participating in global human rights governance".The development of human rights is the common cause of all mankind and requires the joint efforts of all countries in the world. General Secretary of the Supreme Leader stressed: "All countries have the right to choose their own path of human rights development, and different civilizations and countries should respect each other, tolerate each other, communicate with each other and learn from each other." We have always adhered to the purposes and principles of the Charter of the United Nations, actively participated in global human rights governance, promoted the common values of all mankind, practiced true multilateralism, actively participated in the reform and construction of the global governance system, including human rights, and promoted the building of a community of human destiny, not only striving to improve the level of human rights development in our country, but also actively promoting the development of international human rights.

  These "six persistences" are not only the main features of China’s human rights development, but also the valuable experience of China’s human rights development, which must be constantly adhered to and developed in light of new practices.

  Promote the healthy development of China’s human rights cause

  "The governments of the Communist Party of China (CPC) and China adhere to the people-centered development ideology, always put the people’s interests in the supreme position, take the people’s yearning for a better life as the goal, and constantly improve the level of respecting and safeguarding the basic rights of the people of China."

  Since the 18th National Congress of the Communist Party of China, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, and under the scientific guidance of Socialism with Chinese characteristics Thought in the new era of the Supreme Leader, our party has led the people to achieve the goal of the first century of struggle as scheduled, and fulfilled the solemn commitment made to the people and history. Now, our party leads the people to start a new journey of building a socialist modern country in an all-round way and marching towards the goal of the second century, which is a new starting point for the development of Chinese’s rights cause. In this important speech, General Secretary of the Supreme Leader made key arrangements for promoting the healthy development of China’s human rights cause from five aspects.

  — — "Promoting the all-round development of human rights".On the new journey, how to promote the all-round development of human rights? The General Secretary of the Supreme Leader put forward a clear request: "Adhere to the road of human rights development in China, conform to the people’s expectations for a high-quality and better life, constantly meet the people’s growing demand for rights in many aspects, make overall plans to promote the construction of economic development, democracy and the rule of law, ideology and culture, fairness and justice, social governance, environmental protection, etc., and comprehensively do a good job in employment, income distribution, education, social security, medical care, housing, pension, child care, etc., in material civilization,

  — — "Strengthening the protection of human rights by law".The fundamental purpose of governing the country in an all-round way according to law is to protect people’s rights and interests according to law. The General Secretary of the Supreme Leader put forward two requirements: First, deepen the reform in the field of the rule of law, improve the mechanism for safeguarding human rights by the rule of law, and realize the full chain, whole process and all-round coverage of respecting and safeguarding human rights in legislation, law enforcement, judicature and law-abiding, so that the people can feel fairness and justice in every legal system, every law enforcement decision and every judicial case. The second is to systematically study, plan and solve outstanding problems that the people have strongly reflected in the field of rule of law, treat people’s demands fairly according to law, and resolutely put an end to things that hurt people’s feelings and harm people’s rights and interests due to judicial injustice. The general secretary particularly emphasized that "all acts that infringe upon the legitimate rights of the masses and all phenomena that are indifferent and indifferent to the infringement of the rights and interests of the masses must be seriously investigated and dealt with according to discipline and law, and resolutely pursued."

  — — "Carry forward the correct concept of human rights".The General Secretary of the Supreme Leader put forward six requirements: First, extensively carry out human rights publicity and knowledge popularization, and create a good atmosphere for respecting and safeguarding human rights in the whole society. The second is to carry out human rights knowledge education among all the people, especially the vast number of teenagers, and bring the education of Marxist human rights view and contemporary China human rights view into the national education system. The third is to strengthen the human rights knowledge training for public officials, especially grass-roots public officials. The fourth is to give full play to the advantages of group organizations and promote the rights and interests of specific groups such as women and children, the elderly and the disabled. Fifth, relying on the vivid practice of the development of China’s human rights cause, refining original concepts and developing China’s human rights discipline system, academic system and discourse system. Sixth, strengthen the construction of human rights think tanks and human rights research bases, and strive to train a group of high-end human rights experts with solid theory, excellent academic skills, familiarity with international rules and the ability to tell human rights stories in China.

  — — "Actively promote global human rights governance".General Secretary of the Supreme Leader has repeatedly stressed that the people of China are willing to work with the people of other countries to uphold the common human values of peace, development, fairness, justice, democracy and freedom, safeguard human dignity and rights, promote the formation of a more just, reasonable and inclusive global human rights governance, jointly build a community of human destiny and create a better future for the world. In this important speech, the General Secretary put forward requirements from three aspects: First, carry forward the common values of all mankind, adhere to the concepts of equality, mutual trust, tolerance and mutual learning, win-win cooperation and common development, and promote the development of global human rights governance in a more fair, just, reasonable and inclusive direction. Second, actively participate in United Nations human rights affairs, extensively carry out international human rights exchanges and cooperation with other countries, especially developing countries, and play a constructive role. Third, give full play to the role of the China Society for Human Rights Studies and the China Foundation for Human Rights Development, and enhance their influence on multilateral human rights institutions such as the United Nations.

  On May 7th, 2021, the diplomatic envoys of 13 countries attending the Seminar on Poverty Reduction, Development and Human Rights in China in Ningde, Fujian visited north village, Qidu Town. China News Agency issued Chi Rong/photo

  — — "Actively carry out the international human rights struggle".Human rights are historical, concrete and realistic, and we cannot talk about human rights in isolation from the social and political conditions and historical and cultural traditions of different countries. Evaluating whether a country has human rights cannot be measured by the standards of other countries, let alone double standards, or even regard human rights as a political tool to interfere in other countries’ internal affairs. In recent years, some western countries’ own human rights problems have become increasingly prominent, but they have used human rights issues to interfere in other countries’ internal affairs under the banner of so-called "universal human rights" and "human rights are above sovereignty", resulting in frequent wars, long-term social unrest and people’s displacement in some countries. The General Secretary of the Supreme Leader clearly pointed out that on the issue of human rights, there is no need for "teachers" who dictate to other countries, let alone politicizing and instrumentalizing human rights issues, engaging in double standards and interfering in other countries’ internal affairs under the pretext of human rights. In this important speech, the general secretary put forward four requirements: First, grasp the strategic initiative. Second, focus on telling China’s human rights story well, and use visual and concrete expressions to enhance the attraction, appeal and influence of contemporary China’s human rights view. The third is to maximize the international consensus on human rights and occupy the moral commanding heights of human rights. Fourth, guide overseas China enterprises to enhance their human rights awareness and self-confidence, and effectively deal with the human rights abuse cases planned by some western countries.

  The times are developing and human rights are progressing. China, in combination with its own reality, has embarked on a road of human rights development suited to its own national conditions. Under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, and under the scientific guidance of Socialism with Chinese characteristics Thought in the new era of the Supreme Leader, the people of China will continue to write a new chapter in the cause of human rights in China and make greater contributions to enriching the diversity of human civilization and promoting the development of human rights in the world!

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The average monthly traffic of mobile users in China exceeds 15G, and the Inner Mongolia man brushes off 80G in one month.

Source: Oriental IC

The average monthly traffic consumption value of mobile users in China exceeds 15GB/ household!

Recently, the Ministry of Industry and Information Technology published "Economic Operation of Communication Industry from January to August 2022". In addition to the data of average traffic consumption per household that surprised many people, there are still some phenomena beyond the usual cognition of the public: the per capita traffic consumption in economically developed areas has been far behind by Tibet, Qinghai and other provinces (autonomous regions).

In August this year, the national average household traffic data showed that Tibet, Qinghai, Xinjiang, Hainan and Yunnan ranked in the top five, and the average household mobile Internet access traffic in that month exceeded 20GB.

Who is averaging my traffic? Why is the traffic consumption capacity of users in Tibet and other provinces so strong? Why is the phenomenon of traffic consumption upside down in economically developed and underdeveloped areas?

Inner Mongolia man uses 80GB of traffic a month.

Growing up on horseback in pastoral areas, how did the Inner Mongolia man who likes off-road vehicles use up 80GB of traffic in a month?

Brian Manduhu’s answer is simple: "Brush Tik Tok".

Buren Manduhu, who lives in Wulagai grassland, is an avid user of Tik Tok, and basically "brushes whenever he has leisure". According to his mobile phone data traffic statistics, Tik Tok’s data consumption is 273GB, and the second-ranked WeChat is only 22GB.

Usually, the external use is traffic. "There are still many places in pastoral areas where there is no cell phone signal, but there are special operators in Mongolian yurts to install Wi-Fi for us."

Buren Manduhu’s parents are traditional Mongolian herders, who live in pastoral areas all the year round. When they go out to graze, they often don’t have a cell phone signal. When they return to the Mongolian yurt home, they only have a Wi-Fi signal. "When they come back from herding sheep, they will play poker on WeChat with their mobile phones for recreation, and only occasionally brush Tik Tok."

In fact, Buren Manduhu is not the mainstream in Inner Mongolia. Buren Manduhu told the IT Times reporter that most local people, including himself, use directional traffic cards recommended by telecom operators, and the mobile traffic of more than 80 GB a month is only in the early days of 100 yuan, while installing broadband and Wi-Fi in yurts requires a one-time installation fee and a one-year network fee in 800 yuan.

Compared with his parents, the young Buren Manduhu is more "fashionable" in the use of traffic. He also tried to shoot some different types of videos to upload to Tik Tok, including grassland cross-country and daily life records. Among them, the video of shooting his pony gained more than 2,000 praises.

The vibrato video released by Buren Manduhu

Young netizens in Tibet love to brush WeChat and short videos.

If the story of Buren Manduhu is a case, it is no accident that the traffic usage in Tibet has been far ahead since the Ministry of Industry and Information Technology began to disclose the traffic of mobile Internet access in various places in May 2020.

According to a questionnaire completed by IT Times, nearly half of the 45 young netizens in Tibet who participated in the survey used more than 20GB of traffic every month, and the scenes that used the most traffic were social apps such as WeChat, online classes and short videos.

Mumu (pseudonym), who teaches in Lhasa School, said that her monthly 40GB mobile phone package traffic is very tight. Because the Wi-Fi signal in her residence is not very good, she often uses mobile phone traffic, and the traffic will be tight at the end of each month.

Compared with teachers, students are more dependent on mobile phone traffic. Mumu recalled an online class, and some students didn’t arrive at the roll call stage. Finally, through the contact of the monitor, it was discovered that the students lived in a relatively remote area, and after the rain and snow weather in the local area, the network was prone to failure, so mobile phone traffic was also an important way for many students to take online classes.

Mumu noticed that Tibetan students, like young people all over the country, have a high degree of acceptance of new things, and they also like to brush their mobile phones."there are hundreds of GB of traffic used in a month."

Network infrastructure is not inferior.

Zhang Chi (net name: Occam Razor), a well-known expert in communication industry, explained this article.Tibet received more than 40 million domestic and foreign tourists throughout the year. Tourists don’t have Wi-Fi, and a lot of mobile phone traffic is used to share videos and photos, which are counted in the total traffic in Tibet.. TMT analyst Fu Liang also said that in 2021, the growth rate of mobile Internet access traffic in Tibet was significantly higher than that of mobile users. "In 2021, Tibet received 41,534,400 domestic and foreign tourists, which is 11 times the resident population of Tibet.".

Source: Oriental IC

In addition, Zhang Chi also said that it is very important that,The construction of communication base stations in Tibet is very perfect, and the developed provinces in the southeast coast have achieved remarkable results in supporting the construction of base stations in TibetA few years ago, I ran through Tibet and took out my mobile phone to test the internet speed everywhere. The internet speed in Tibet is first-class in the country, which makes me very amazed. At the same time, Internet access in Tibet is relatively low, which allows Tibetan mobile phone users to spend four or five hours with a short video even when grazing.

In order to help teachers and students in remote areas of Tibet surf the Internet, the local government and operators have jointly sent out policy measures. In August this year, the three major operators distributed the "0 yuan 30G mobile phone directional traffic package" to teachers and students in the basic education stage in Tibet, so as to reduce the pressure of network fees for teachers and students to carry out online teaching.

The relevant person in charge of the Education Department of the Autonomous Region introduced: "The distribution of this traffic package is mainly to solve the problem of high online learning expenses for students from agricultural and pastoral areas and poor families, and to ensure that students from remote agricultural and pastoral areas and poor families can participate in online learning without barriers."

It can be seen that the netizens in Tibet have reached a very high level in terms of online habits and network infrastructure, and are not even significantly weaker than those in developed coastal provinces. According to the Statistical Bulletin of National Economic and Social Development in Xizang Autonomous Region in 2021, the coverage rate of optical fiber broadband in administrative villages in the whole region reached 99%, with 2.995 million mobile Internet users at the end of the year, and the annual mobile Internet access traffic was 779.939 million GB, an increase of 38.2% over the previous year.

The decline in tariffs has made ordinary people "dare to use"

According to the data of the Ministry of Industry and Information Technology, the current mobile Internet traffic still shows a rapid growth trend. In September, the average monthly traffic consumption value of mobile users in China continued to exceed 15GB/ household, up 12.4% year-on-year.

"IT Times" reporter noted that the value of traffic consumption is constantly hitting new highs, which is closely related to the declining traffic tariffs in recent years.In the first quarter of 2017, the average tariff of mobile phone traffic in China exceeded 35 yuan/GB; At the beginning of this year, Zhang Yunyong, Party Secretary and General Manager of Yunnan Unicom, claimed in the media that the traffic price had dropped to an average of 3.14 yuan per GB.

Zhang Yunyong introduced that in the past five years, the average tariff of fixed broadband and mobile network unit traffic in China has dropped by over 95%, and the accumulated profit has exceeded 700 billion yuan. This also brings challenges to the production and operation of communication central enterprises. Only by focusing on the new 5G infrastructure, promoting digital industrialization and industrial digitalization, and exploring a new model of digital economy, can communication central enterprises gain the impetus for sustained and high-quality development.

At the same time, under the general trend of declining traffic charges, ordinary people will become more and more "dare to use". No matter in economically developed or underdeveloped areas, communication users can take out their mobile phones anytime and anywhere and start a "traffic story" of their own.

Reporter/IT Times trainee reporter Jia Tianrong

Editor/Wang Xin Kicked Sister

Typesetting/Ji Jiaying

Photo/Tik Tok Questioner Star Oriental IC

Source/IT Times WeChat official account vittimes

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Chinese and Russian fans wish from a distance: "Welcome to Beijing’s blessed land" and "moved to tears"

  The pace of the opening ceremony of Beijing Winter Olympics is getting closer and closer.

  When athletes from all over the world are actively preparing for the war, their fans are also gearing up and cheering, expressing their enthusiasm for the Beijing Winter Olympics and their blessings to the athletes.

  Russian flower skaters Camilla Vallier, Anna Sher Bakova and Alexandra Trousseau will compete as women’s singles players. They are affectionately known by China fans as the Russian "Dolls" group.

  Camilla Vallier, Anna Schell Bakova and Alexandra Trousseau (Source: vision china)

  Russian "Taowa" Sky MissionThere are countless powders in China

  Although the three athletes are young, each of them is stunted and dancing on the ice and snow field.

  Camilla Vallier, who is only 15 years old, has been called "K Bao" by China fans, and has entered the adult competition since October 2021.

  Camilla Vallier (Source: Russian Tass)

  She said in an interview: "I feel very happy to participate in the Olympic Games, which may be every athlete’s dream … … I also really want to see the Great Wall in Beijing, which will be very interesting. "

  Anna Schell Bakova (Source: vision china)

  Anna Schell Bakova is 17 years old and is called "the golden daughter" by China fans.

  On January 26th, Shel Bakova exposed the winter Olympic souvenirs given to her by China fans on overseas social media, and wrote: "Thank you very much for the support of China fans and these Olympic souvenirs."

  Anna Schell Bakova social media screenshot

  Seventeen-year-old Alexandra Trousseau Eva is called "Sasha" by China fans. She is the first female figure skater to complete the hook jump around, the back outside ice jump around and the back inside ice jump around in an official international competition.

  Alexandra Trousseau (Source: vision china)

  Chinese and Russian fans send warm wishes to "Love Bean"

  When the athletes are fully preparing for the Olympic Games and are about to start their dream trip, the fans of the "Doll" team warmly shouted and cheered them on.

  Many fans have made refueling placards for their "love beans" and sent their best wishes enthusiastically.

  A China fan said to Camilla Vallier, "I hope you can feel the enthusiasm of this city, and I will always support you."

  A Russian fan said to Camilla Vallier: "I hope that the Olympic trip and excellent results will bring you full happiness at the time of triumph."

  And China fans expressed to Anna Schell Bakova in fluent Russian: "Dear Anna, I wish you good luck and keep moving forward. We believe that our Anna can do it. "

  A China fan told Anna Schell Bakova: "China is ‘ Qianjin ’ Blessed land, I hope we can witness it together ‘ Qianjin ’ On the podium at the Beijing Winter Olympics. "

  Chinese and Russian fans shouted from a distance, ice fans interacted and burned the winter Olympics.

  China fans not only send their blessings to Aidou, but also shout to Russian fans from a distance. A fan said: "We will pass on the cheer to the athletes for you. After the epidemic has passed, I hope you will come to Beijing to have a look."

  A fan said: "Although we come from different countries, we are all family."

  After China fans’ refueling videos were released on Russian social media, they were reported by RIA Novosti and Russian newspaper.

  Russian News Agency official website screenshot: "China ice fans cheer for Russian women’s singles skaters"

  "Russian newspaper" official website screenshot: "China ice fans cheer for Russian women’s singles skaters"

  On major social media, Russian netizens responded positively to the blessings of China fans, and ice and snow sports fans from different countries resonated on the same frequency.

  Anna Pavlova, a user of Russian social media VK, said: "Friends, thank you for your support to the beautiful Camilla!"

  Irina.bezginova, a social media INS user, said: "Moved to tears! Tears of joy and gratitude, thank you very much!"

  Czernowitz.city, an INS user, said, "Thank you very much for Anna’s fans in China.Especially girls who speak Russian. I hope our common support will give Anna strength and look forward to her perfect performance."

  The common love for the "Taowa" group has brought Chinese and Russian netizens closer and closer. Some netizens said that they would cheer for "Aidou" together and support them as one:

  VK netizen Rezeda Ratbova said: "China’s fans are amazing,Camilla must be very happy to know that someone is waiting for her, loving her and trusting her.Let’s work together for our‘idol’Come on, I wish her all her wishes come true, everything goes well and success will come soon!"

  INS netizen taisia_lyubimova said: "Thank you, dear China fans, love you! With your support, we will feel at ease.We stand together is strength!"

  Russian fans also sent their blessings to the athletes and volunteers of the China Winter Olympics.

  "Among the athletes in China, I would like to mention Jin Boyang, a male single skater, who will also take part in the Beijing Winter Olympics. I wish him all the best, complete the jump well and successfully complete the jump around. "

  "I wish China pair skaters Sui Wenjing and Han Cong a well-deserved championship in the Winter Olympics."

  "Hello, volunteers of Beijing Winter Olympics. Enjoy the wonderful time in the upcoming sports event. "

  The world is but a little place, after all. Chinese and Russian fans of ice and snow sports express warm greetings and sincere wishes to the athletes of the two countries and to the athletes of all countries participating in the Beijing Winter Olympics.

  A message is full of sincerity, and a blessing is full of sincerity. Although separated by mountains and rivers and with different languages, this Olympic invitation from Beijing transcends the time and space restrictions, and the love for ice and snow sports has become the common language of people from all countries, condensing into a common expectation: to the future together!

  Producer: Wang Shanshan Admiralty

  Producer Wang Weixing came to Yan Xi.

  Editor-in-Chief Li Ying Zhang Weihao Li Jingjing Levin

  Planning Liu Tianzhe Wang Yinghan Fan Jiachen Chen Ningzeyi

  Editor Ren Jia Jiang Min Hao Zhihui Cai Mingjun

  Editing Sudan

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Lei Jun: This is a concentrated display of the latest strategic achievements of Xiaomi’s "people and cars are all ecological"

K diagram 01810_0

  The Beijing NewsFinancial News On the evening of October 29th, at the Xiaomi new product launch conference, Lei Jun, founder, chairman and CEO of Xiaomi Group, released new products such as Xiaomi 15 series mobile phones, Xiaomi 澎湃 OS 2 and Xiaomi SU7 Ultra production version.

  Lei Jun said that in the past five years, Xiaomi has undergone a series of earth-shaking changes, and today it has ushered in a new starting point. The press conference is a concentrated display of the latest strategic achievements of Xiaomi’s "people, cars and homes are all ecological". Xiaomi SU7 Ultra will be launched in March 2025 with a pre-sale price of 814,900 yuan. Xiaomi 15 is against the iPhone16 Pro. Xiaomi 15 is equipped with Xiaomi Xingchen communication system.

  In October, 2023, Xiaomi Group strategically upgraded "the whole ecology of people, cars and homes" and released the operating system 澎湃 OS1 with unified integration of multiple devices. Up to now, Xiaomi 澎湃 OS’s cross-terminal Zhilian technology has connected more than 1 billion devices around the world.

  Lu Weibing, president of Xiaomi Group, said that in the strategy of "people, cars and homes are all ecological", "home" is a strategic location, a pillar and a breakthrough. The field of traditional household appliances has been dull for too long, and it’s time to bring you some new small shocks.

  Xiaomi Group’s performance in the first quarter increased by 27% year-on-year, and it increased by 32% year-on-year in the second quarter. In terms of automobile business, Xiaomi SU7 delivered 20,000 vehicles in a single month in October this year, and the delivery target of 100,000 vehicles for the whole year will also be completed ahead of schedule in November. In 2024, Xiaomi expects to invest more than 24 billion in R&D, and it is expected to reach 30 billion yuan in 2025.

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ICAR 03 car system analysis bare car price 109,800 can enter.

Practical, affordable and comfortable are the characteristics of mainstream models. Take a closer look, they are the ones who run more on the road. I’ll bring this one to you today. Let’s take a look at it next.

First of all, from the appearance, the front of iCAR 03 looks very calm and very recognizable. At the same time, the headlights present a fashionable and sporty design style and outline a dynamic effect. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Come to the car side, the car body size is 4406MM*1910MM*1715MM, the car uses simple lines, the car body looks very calm, with large-size thick-walled tires, eye-catching shape. In terms of the rear end, the rear end echoes the front face, and the taillights present a lovely design style, and the overall shape is still very eye-catching.

In terms of interior, the shape of iCAR 03 interior is relatively calm, which highlights the hierarchical effect. The steering wheel of the car is eye-catching, made of leather, and has a good grip. From the central control point of view, with the 15.6-inch central control screen, the interior style is impressive and looks avant-garde. Let Xiaobian introduce the dashboard and seats, which look very exquisite. The car adopts leather seats, which are wide and thick, further improving the comfort of drivers and passengers.

ICAR 03 is 205KW, the total torque is 385N.m, and the maximum speed is 150 km/h.

The car is equipped with driving mode selection, remote control key, NFC/RFID key, rear wiper, interior ambient light, traction control (ASR/TCS, etc.) and other configurations. The configuration performance is passable and basically satisfactory.

What’s your main impression of this car after reading the whole article? I wonder if you are excited about this car introduced today?

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The price of Zhiji LS7 in Hengyang is greatly reduced! The promotion discount is 10 thousand, and the quantity is limited

[car home Hengyang Promotion Channel] Good news! There are preferential activities under way, and now you can enjoy a maximum discount of 10 thousand yuan when you buy this model in Hengyang area. The lowest starting price of Zhiji LS7 is 279,800 yuan, which is more cost-effective after the discount. If you want to know more about the discount, please click "Check the car price" in the quotation form to get a higher discount.

https://car3.autoimg.cn/cardfs/product/g31/M0B/AA/F4/autohomecar__ChxoHmWnSVaAYffZADGMYnFVJio455.jpg

Zhiji LS7 is a luxury SUV with a unique design. The front face design is full of strength, and the air intake grille is streamlined with smooth lines and dynamic features. The style of the whole vehicle is fashionable and atmospheric, which shows the perfect combination of luxury and sportiness. The body lines are smooth and the roof lines are tilted backwards, creating a sense of movement and movement. The whole vehicle adopts two-color body design, which highlights the sense of luxury and fashion. The design of Zhiji LS7 is full of science and technology, and the overall shape is very futuristic and impressive. No matter from the appearance or interior, Zhiji LS7 shows the luxury and quality respected by car home, and it is one of the models worth looking forward to.

https://car2.autoimg.cn/cardfs/product/g31/M03/AA/F4/autohomecar__ChxoHmWnSVWAGJcEADC2FfnoeU0670.jpg

Zhiji LS7 is a luxury SUV with a body size of 5049*2002*1731mm, a wheelbase of 3060mm, a front track of 1700mm and a rear track of 1715 mm.. The body lines are smooth, the overall shape is atmospheric, and the side lines are simple and smooth, full of movement. The front and rear tyre size are 255/55 R20 and 275/50 R20, respectively. With the fashionable rim design, it highlights the luxury of the vehicle.

https://car3.autoimg.cn/cardfs/product/g31/M02/9F/FD/autohomecar__ChtlyGWh5JqAchPFACSeLS9ZTJ4142.jpg

The interior design of Zhiji LS7 is full of modernity and technology. The 26.3-inch central control screen is located in the center of the car and supports voice recognition control systems such as multimedia, navigation, telephone and air conditioning, so that drivers can easily grasp all kinds of information of the car. The leather steering wheel feels very comfortable, and the design of electric up and down+front and rear adjustment allows the driver to find the best driving posture. The front and rear rows are equipped with Type-C interfaces, which are convenient for drivers and passengers to charge. The seat material adopts the combination of imitation leather and genuine leather. The main driver’s seat supports front and rear adjustment, backrest adjustment, height adjustment (4-way) and lumbar support (4-way). The co-pilot seat supports front and rear adjustment, backrest adjustment, height adjustment (2-way) and lumbar support (2-way). The front seat also has heating function. The rear seats are laid down in proportion, so that passengers can rest more comfortably. In a word, the interior design of Zhiji LS7 is very humanized, which provides excellent comfort and convenience for drivers and passengers.

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Zhiji LS7 is equipped with a powerful engine with a maximum power of 250 kW and a maximum torque of 475 N m.. This engine can provide abundant power for the vehicle, making it perform well during acceleration and driving. At the same time, the engine of Zhiji LS7 also adopts advanced technology to improve fuel efficiency and reduce emissions. This makes Zhiji LS7 have excellent performance in power and environmental protection. Whether driving daily or traveling long distances, Zhiji LS7 can meet the driver’s demand for power.

Zhiji LS7 model has excellent performance in space, power, appearance and car system, which has also been well received by car owners. The owner of car home said that the sound insulation effect of the car is very good. After closing the window, the inside and outside of the car seem to be two worlds. In addition, the car’s vision is also one of its highlights, and it is known as "the best SUV in the whole vision". The environmentally-friendly materials also make the new car smell free, and the optional Raphael brown high-definition art car paint is very satisfactory to the owner, because it can present different visual feelings with the change of lighting conditions, full of high-grade feeling. In terms of battery life, the owner chose a 100-degree battery with satisfactory energy consumption, which has been able to meet the round-trip demand of radiating surrounding cities. These word-of-mouth have proved the outstanding performance of Zhiji LS7 model, and I believe it will become the first choice of more consumers.

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Good! Meet the reasonable financing needs of real estate enterprises with different ownership equally

  China Securities Network News (Reporter Yu Xiangming) According to china construction news WeChat WeChat official account News, on the morning of January 26th, the Ministry of Housing and Urban-Rural Development held a deployment meeting of urban real estate financing coordination mechanism. Party Secretary and Minister Ni Hong attended the meeting and stressed that the spirit of the Central Economic Work Conference should be thoroughly implemented, the coordination mechanism of urban real estate financing should be accelerated to take effect, the development and construction of real estate projects should be supported, the reasonable financing needs of real estate enterprises with different ownership systems should be met equally, and the stable and healthy development of the real estate market should be promoted.

  The meeting pointed out that the establishment of urban real estate financing coordination mechanism is an important measure to implement the decision-making arrangements of the CPC Central Committee and the State Council, meet the reasonable financing needs of real estate enterprises with different ownership equally, and promote a virtuous circle of finance and real estate. The people’s governments of cities at or above the prefecture level should effectively play a leading and coordinating role, quickly establish and operate this important mechanism, timely judge the local real estate market situation and real estate financing needs, strengthen overall planning, refine policies and measures, build a communication platform between government, banks and enterprises, promote the accurate docking of real estate enterprises and financial institutions, and coordinate and solve the difficulties and problems existing in real estate financing.

  The meeting emphasized that the orderly development and construction of the project is the basis for the stable and healthy operation of the real estate market and is related to the vital interests of the people. In view of the current financing problems of some real estate projects, all localities should focus on projects, study and put forward a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their respective administrative regions, and accurately and effectively support reasonable financing needs. Credit funds should be ensured to be operated in a closed way and used in compliance, and misappropriation should be resolutely prevented. At the provincial level, it is necessary to track and monitor the implementation and strengthen supervision and guidance. At the national level, an information platform for urban real estate financing coordination mechanism projects will be established, and weekly scheduling and monthly notification will be implemented.

  The meeting demanded that we should adapt to the new situation that the relationship between supply and demand in the real estate market has undergone major changes, speed up the construction of a new model of real estate development, combine the long and short, treat both the symptoms and the root causes, and promote the stable and healthy development of the real estate market. It is necessary to adhere to the policy of the city, precise policy, one city and one policy, make good use of the policy toolbox, and fully give urban real estate regulation and control autonomy. Cities can adjust their real estate policies according to local conditions. It is necessary to work out the housing development plan, improve the housing supply system of "guarantee+market", establish a new linkage mechanism of people, housing, land and money, improve the basic system of housing life cycle, implement the construction of affordable housing, the construction of public infrastructure for emergency use and the transformation of villages in cities, and build a green, low-carbon, intelligent and safe house. It is necessary to rectify the order of the real estate market, rectify the chaos in real estate development, trading, intermediary and property, expose typical cases of violations of laws and regulations, and earnestly safeguard the legitimate rights and interests of the people.

  The Central Economic Work Conference proposed to actively and steadily resolve real estate risks, meet the reasonable financing needs of real estate enterprises with different ownership equally, and promote the stable and healthy development of the real estate market. Accelerate the construction of affordable housing, the construction of public infrastructure for both ordinary and emergency use, and the transformation of villages in cities. Improve the relevant basic systems and accelerate the construction of a new model of real estate development.

  The reporter noted that policy measures such as "meeting the reasonable financing needs of housing enterprises with different ownership equally" are being implemented. According to the latest data of the People’s Bank of China, by the end of 2023, five major banks, namely, industry, agriculture, China, construction and communications, had invested more than 30 billion yuan in development loans to non-state-owned housing enterprises.

  "Recently, loans from financial institutions to private housing enterprises are increasing, and financing to support private housing enterprises is accelerating. It is expected that the financing support policies for private housing enterprises will be further strengthened in the later period, and the financing of private housing enterprises in development loans, operating loans and bond underwriting will continue to increase. " Liu Shui, director of enterprise research at the China Central Finger Research Institute, told reporters.

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"Olive" is the first person to go forward: the first Beijing Waist Flag Rugby Open kicks off

China Daily, May 20th. On May 20th, the early summer in Beijing was full of vitality, tacit passing and decisive flag-pulling. The athletes sweated and enjoyed the infinite charm of flag football. Sponsored by Beijing Social Sports Management Center and Beijing Daxing District Sports Bureau, and hosted by Beijing Rugby Sports Association, Beijing Beiolive Sports Development Co., Ltd. and Beijing Luyin Heritage Sports Development Co., Ltd., the first Beijing Waist Flag Rugby Open will be held in Jujia Stadium in Daxing District. This open will take two weekends to compete for four days on May 20th and 21st, and May 27th and 28th respectively.
The event of this open competition is five-player flag rugby, which consists of three groups: men’s group, women’s group and mixed group. Nearly 500 athletes from 34 teams participated in the competition. The competition will adopt the competition system of combining group stage and cross elimination stage, and the participating teams will play 69 games in total until the corresponding ranking is produced. The first Beijing Waist Flag Rugby Competition aims to create a high-level model of Waist Flag Rugby Competition with high-standard competition guarantee, high-standard competition venue and high-level referee team, and promote the benign development of the project with brand competition activities.
There is also a carnival activity area at the Open, where the majority of national fitness enthusiasts can participate in all kinds of rugby fun experience activities, deepen their understanding and cultivate their interest in the experience, and take a seat in the viewing area during the intermission of the experience to feel the intense atmosphere and distinctive rugby charm at the competition site. Everyone cheers for the athletes and jointly ignites the competitive storm of Beijing Waist Rugby.
Waist flag rugby is a new trend sport, which comes from the training subject of American football with all equipment. It is mainly used for tactical drills and basic route exercises. The defensive way of flag-pulling is used to replace dangerous defensive actions such as catching and pushing, so as to reduce the risk of injury in training. Because of the safety of zero physical contact, less requirements for the venue, relatively easy to get started, and friendly experience for beginners, in recent years, the phenomenon of "online celebrity Exercise" has become the daily fitness program choice for young people. Nowadays, more and more people are discussing its technical and tactical improvement and project development. Holding the first flag rugby open is to build a communication platform for the majority of flag rugby fans, add flag rugby to the sequence of national fitness projects, continuously enrich the supply of national fitness events and meet the growing needs of citizens for a better life.
On May 3rd, 2023, at the annual general meeting of the International World Games Association (IWGA) held in Madrid, Spain, IWGA Sports director Sebastian Gavins announced that flag rugby would become the official event of the 12th World Games in 2025, which was a milestone for the development of flag rugby. At the same time, it also shows that the first Beijing Waist Flag Rugby Open will be held at the right time, which will add new momentum to the development of China Waist Flag Rugby.
Source: China Daily.
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Where is the way out for domestic beauty products that are difficult to sell at high prices?

Image source @ vision china

After eight days, Hua Xizi finally spoke.

However, the statement did not respond to the high-priced controversy, but reiterated its brand vision as a domestic beauty brand "promoting the beauty of the East and casting a century-old national makeup".

Whether this statement can satisfy consumers who have previously felt "backstab" or not. It is almost a consensus that it is not so easy for "all girls" to buy it.

More and more rational, they are using actions to announce the failure of their price and sentiment cards to the brand.Since the price dispute, they have been saying, "Who is not a domestic product? Who will feel sorry for me?" Take off the emotional binding, while comparing the domestic make-up with the gold price, and measure the cost performance with the accurate price comparison method.

At the same time, it is obvious that Li Jiaqi has had a hard time recently.

Being questioned and apologizing twice failed to quell dissatisfaction. It seems that this matter can’t pass if the powder continues to fall, the topic is constantly derived, and the heat persists for a long time.

Image source @ Little Red Book Davidkwok

Looking back from the time corridor, on the one hand, Li Jiaqi, who has grown into the "first brother" by virtue of his low price advantage and high emotional value, and on the other hand, the light of domestic products, which embodies consumers’ feelings and high cost performance expectations.The rise and fall of the two are so similar and intertwined.

Now, the other side of Li Jiaqi being questioned is the dilemma of domestic beauty cosmetics.

More and more consumers are beginning to feel that domestic products are becoming more and more expensive. They show their feelings and seek resonance by taking screenshots of their past orders on social media.

Image source @ Xiaohongshu Xiao Lv’s embarrassing life

Is this really the case?

Take shanghai jahwa, which owns well-known brands such as Liushen, Meijiajing, herborist, Qichu and Yuze, as an example. According to the announcement of its main business data, the average price of skin care products in the first half of this year and the second quarter of this year increased by 50.42% and 20.16% respectively compared with the same period of last year, which helped its skin care products achieve positive revenue growth.

Image source @ shanghai jahwa’s main business data announcement in the first quarter of 2023

Image source @ shanghai jahwa main business data announcement in the second quarter of 2023

Look at Polaiya, the parent company of Polaiya, Yuefushan and Caitang. In the first quarter of 2023, the skin care products and beauty cosmetics products of Polaiya increased by 21.69% and 23.28% respectively.

Image source @ Proya’s main business data announcement in the first quarter of 2023

In addition, in the first and second quarters of 2023, the average selling price of Marubi skin care products increased by 39.76% and 14.83% respectively, and the average selling price of beauty products increased by 27.22% and 15.90%. In the first half of 2023, the price of skin care products increased by 5.6% and the price of cosmetics increased by 4.9%.

Image source @ Betani 2023 semi-annual report

It can be seen that the price increase that consumers feel is not groundless.

From the main cost performance to "more and more expensive", the rising price of raw materials may be the reason that cannot be ignored.

At present, the key raw materials used by domestic skin care and beauty enterprises mainly rely on imports from the United States, Germany, Japan, South Korea and other countries, such as surfactants for cosmetics, thickeners, high-performance oils and fats, and high-safety preservatives. Therefore, the fluctuation of the supply price of upstream raw materials will indeed greatly affect the beauty and skin care brands.

Since the epidemic, the price increase of some basic raw materials, such as glycerol, has been particularly obvious.

Recently, many giants such as Dow Chemical, Japan PE Co., Ltd., Japan PP Co., Ltd., Sanyo Chemical, Longbai Group, etc. also announced price increases ranging from 5% to 23%, involving cosmetic raw materials such as silicone, surfactant, PMMA, PP, PE and titanium dioxide used as a physical sunscreen, and the price per ton directly exceeded 1,700 yuan.

Polaiya also said in the announcement that the prices of its main products, ruby and active substances with strong efficacy, have increased significantly-the average unit price in the first quarter of 2023 increased by 305.85/kg, an increase of 116.05%.

With the rising cost of raw materials, it is not only domestic brands that raise prices. However, the price increase of international big brands is much milder.

For example, the financial report of consumer goods giant Unilever shows that the price of beauty and health care products rose by 7.5% in fiscal year 2022.

Estee Lauder Group has also raised the price of its products twice in 2023, involving many of its star products, but the increase is relatively limited except Clinique Little Daisy Blush.

Data Source @ Official Flagship Store, Cartography @ Titanium Media APP

In this way,The rising cost caused by the rising price of raw materials is not enough to explain why domestic brands have changed from "flat replacement" to "expensive replacement".

The huge marketing expenses, including the commission of the anchor with goods, are another main reason.

According to the financial report data released by various companies, the sales expenses of various beauty products accounted for about 45% of the revenue in the first half of this year, and the parent company of Perfect Diary, Yixian E-commerce, had the highest proportion, accounting for 61.69%.

Image source @ 么么么么么么么么么么么么么么么么么么么么

Comparing the marketing expense rate of international brands such as Estee Lauder, Shiseido and L ‘Oreal, which is around 30%, we can see that domestic beauty brands are highly dependent on marketing.

This is actually related to the growth experience of domestic beauty brands.

A few years before the flood of new domestic brands emerged, the grass planting economy was just emerging and the online traffic cost was still relatively low. At that time, most of the new beauty brands were established in a short time, with small capital scale, and their ability to lay offline sales channels was limited. Therefore,In the early days of its establishment, online became the main position for the marketing and sales of domestic beauty brands.

At that time, an unwritten explosive formula was popular in the industry: "5,000 little red books+2,000 Zhihu questions and answers+head anchor with goods = a new brand".Seize the user’s mind and achieve explosive growth through marketing, which has almost become the standard of new brands of domestic beauty.

Take Huaxi Zi in this storm as an example. Founded in 2017, it is experiencing a channel dilemma when it comes into contact with the live broadcast room in Li Jiaqi in 2018. At that time, Li Jiaqi had just defeated Ma Yun in the Double Eleven PK selling lipstick, and began to emerge in the field of e-commerce live broadcast.

Looking back on the five years when Hua Xizi and Li Jiaqi were deeply bound, many sales miracles occurred at this time: in 2019, "double 11" sold 700,000 boxes of loose powder of Hua Xizi; In 2020, "618" Hua Xizi became the first in the turnover list of domestic beauty products with GMV of 235 million yuan, and its revenue jumped from 10 million to several billion. According to the quality statistics, from January to February, 2020, 40% of the sales of Huaxizi flagship store came from the live broadcast room in Li Jiaqi.

Hua Xizi’s growth experience is only a typical representative of domestic beauty, and there are also perfect diaries, orange blossoms, Yuze and so on.

Over-reliance on online marketing has made many domestic beauty products form a revenue-driven growth model.

Take Yixian E-commerce, the parent company of Perfect Diary, which was listed on the US stock market only three years after its birth, as an example. According to its announcement data, from 2018 to 2020, Yixian E-commerce spent 309 million yuan, 1.251 billion yuan and 3.412 billion yuan on sales and marketing respectively, with the highest proportion accounting for 65.2% of the total revenue. With the rising marketing expenses, its scale has also been rapidly expanded.

However, with the contraction of marketing expenses by Perfect Diary, its operating income is also affected simultaneously: in the first quarter and the second quarter of this year, the proportion of marketing expenses of Yixian e-commerce decreased by 7.9% and 2.5% respectively compared with the same period of last year, and the total net income decreased by 14.1% and 9.8% respectively.

More seriously, with the surge in online traffic costs,Many domestic beauty brands are caught in the "strange circle" cycle of exchanging marketing for revenue.That is to say, if marketing is reduced, revenue may decline, but if marketing is maintained, high traffic cost will cause losses, and even it may fall into a negative cycle of more money burning and more losses.

In this way, the price increase has become a natural choice in the dilemma of domestic beauty.

At the same time of rising prices,A large number of domestic beauty brands are disappearing in invisible places.

According to incomplete statistics, from June 2022 to now, there are about 12 cutting-edge makeup brands that have declared bankruptcy/clearance/suspension. Among them, there are some brands that have exploded, such as floating Fomomy and Kale said Colorpedia, which shows that the market competition is fierce.

Cartography: titanium media APP

Consumers’ enthusiasm for buying domestic beauty brands has also begun to cool down.

In this year’s TOP20 of Tmall’s 618 beauty industry, only four domestic brands entered the list, namely Polaiya, Winona, Fumei and Shuguang, and the corresponding rankings were TOP4, TOP9, TOP13 and TOP19.

Image source @ tmall beauty cosmetics

Looking back at the development of domestic beauty brands in the past ten years, the market share has increased from 15% in 2012 to 28.8% in 2021.

However, while we are excited about this, we should also see the fragility of relying on short-term marketing strategies and transferring costs through price increases.

Cosmetics, as a complex mixture of various raw materials, as the core active ingredient and the production technology such as fermentation and synthesis technology, are the key to build its core competitiveness.

In the process of the rise of international beauty products, many brands rely on core ingredients and production process barriers to build a protective city. Take L ‘Oré al’s self-developed Bose factor as an example. Since the successful research in 2000, helena rubinstein, Lancome, Xiuliko, YSL and Yuxi have all participated in Bose factor, occupying the forefront of the anti-aging category. The unique fermentation process of the core ingredient Pitera in the immortal water also helped SK-II build its core competitiveness.

However, R&D capability and core production capability are the disadvantages of domestic brands.

According to the statistics of Dongxing Securities, as of 15th, 2022, the number of patents of Procter & Gamble and Unilever reached 177,154 and 86,074 respectively, and mainly concentrated on inventions with higher gold content and longer patent protection period.

Image source @ Dongxing Securities

According to the data of Tianyancha, the number of patents of shanghai jahwa, Betani, Marubi, Huaxi Bio and Yixian E-commerce are 1650, 244, 396, 646 and 174 respectively, and among the patents in shanghai jahwa, the design category with relatively low gold content accounts for 80.24%; By 2022, Yixian e-commerce has 174 patents worldwide, of which 43 are invention patents.

Image source @ Tianyancha

Image source @ Tianyancha

In addition, domestic beauty products mostly adopt OEM OEM mode, lacking the ability and technology of self-built factory production.

Under this model, the upstream foundry masters the core production technologies such as raw material extraction and preparation, synthetic biotechnology, etc., while the brand side is often caught in homogenization competition, making it difficult to build a brand moat.

Take the category of freeze-dried mask. As a rapidly growing sub-category in recent years, there have been many explosive products. For example, in 2020, the SKU of Yuze freeze-dried mask will reach 2 billion; In 2021, Winona’s double eleven pre-sale freeze-dried mask products were pre-sold in three seconds.

But in fact, these explosions, such as Yuze Centella asiatica reassuring repair mask, Winona soothing repair freeze-dried mask, and Appropriate Herbal Gentian reassuring repair freeze-dried mask, were all made by the same foundry that mastered the core freeze-dried mask technology-Weibo Haitai.

According to the information, Weibo Haitai has cooperated with many brands to list dozens of masks and essence products of herborist, Yuze, L ‘Oreal, Ke Beili, Yiyibucao, Winona, Royal Nifang and Liangliang.

Under such fierce competition of homogeneous products, it is difficult to impress today’s consumers only by fighting for low prices and "selling badly"It has become an industry consensus to improve R&D capability, increase investment in innovation and improve product quality.

In the first half of this year, the proportion of research and development expenses of domestic beauty cosmetics has increased to varying degrees. Huaxi Bio invested 187 million yuan in research and development in the first half of 2023, accounting for more than 6%; Betani’s R&D investment accounted for more than 4%, up 33.58% year-on-year; The R&D expenses of Giant Bio increased year-on-year, reaching 80.75%.

Image source @ 么么么么么么么么么么么么么么么么么么么么

In addition to research and development, domestic beauty brands are also making up for shortcomings.

For example, in August this year, the first factory of Yixian E-commerce was put into operation, integrating R&D, manufacturing and quality control, trying to build a moat through self-built factories; Winona gradually diversified her own sales channels, vigorously added more offline, and tried to get rid of single dependence.

Some domestic beauty products have gone abroad and started to show their strength on the international stage.

According to public data, Hua Xizi has been sold to Japan, the United States, Europe and other countries and regions; And relying on "girl’s heart" to win Lolita’s favorite flower knowledge has also caused repercussions in the Japanese market.

The process of the rising of domestic beauty products is doomed to be not smooth sailing. Only by reducing the low cost and increasing the consumption of feelings, a stable and far-reaching brand is bound to fail.

With the continuous evolution of these brands, more possibilities will be created in the future. May a hundred flowers blossom and domestic products become stronger.(This article is the first titanium media APP, written by Yuan Ning, edited by Zhao Hongyu)

references

  1. Q2 Skin Care Products’ Restorative Growth, Focus on Performance Repair and Omni-channel Development of Key Brands in the Future-china galaxy Securities Research Institute