The 18th beijing international automotive exhibition in 2024 was held in Shunyi Pavilion and Chaoyang Pavilion of China International Exhibition Center from April 25th to May 4th, 2024. Among them, Chaoyang Pavilion mainly displays auto parts and smart driving related products at home and abroad, and Shunyi Pavilion mainly displays various models.

The theme of 2024 Beijing Auto Show is "New Era, New Automobile", with 117 first cars in the world (including 30 first cars in the world by multinational companies) and 41 concept cars. 278 new energy vehicles.

Next, I will take you through the heavy models that are full of attention.

The first launch is equipped with a vast -M architecture model, which has the space of a large car/the size of a medium car/the flexibility of a small car, and has the nickname "Baby Bus". Its length of 4688mm may not be large, but you know, its wheelbase is more than 3 meters.

A generation of classic "Ma 6" has made a strong return in the form of electrification. Unlike the previous Mazda "oil to electricity" model CX30 EV, the platform, shape and power of EZ-6 are all new. Can this new car capture the hearts of "soul-moving" fans? Wait and see.

Before its appearance, the government gave it a series of famous names, such as "new hard-core intelligent driving SUV" and "pure electric Tyrannosaurus Rex". The so-called 750km battery life, the first application of silicon carbide on the 400V platform, and the laser radar at the front of the car all reflect the importance that Ai ‘an attaches to this new car.

If you look up, it must be a "million-level" product. As the brand’s first new energy flagship car, U7 will be officially listed in the second half of the year. The car will be equipped with "revolutionary technology" Yunxiao -Z for the first time, with 1300 horsepower, 2.9s zero acceleration and 270km/h top speed. It comes standard with a high-performance carbon ceramic brake disc and a braking distance of 33m per 100km. Under the test standard of 120km/h, the drag coefficient is only 0.195, which is the lowest drag coefficient production car in the world.

Can you only look up to the millions of "looking up"? Let’s take a look at Leopard 8, which is also a large SUV! For "housekeeping skills" such as wading and cloud-chariot -P, Leopard 8 naturally won’t fall behind. Of course, it is bound to be more "intimate" than looking up at U8.

Some friends may remember that in 2009, BYD released the "debut" in the field of convertible sports cars-S8. In 15 years, whether it is design or technology, the changes and progress reflected by SUPER 9 are really amazing.

At the same time, the joint venture brand is not willing to stand still like this, and Honda’s brand-new brand "Ye" for the China market came into being, with three new cars in one breath. These new cars, all featuring "China R&D" and "China Zhizao", will be listed and mass-produced next year.

These are two medium-sized cars that are expected to be equipped with the fifth-generation DM-i hybrid technology, both of which are more than 4.8 meters in length. According to the information previously disclosed by Wang Chuanfu, the fifth-generation DM-i, which came out in May this year, reduced the fuel consumption per 100 kilometers to 2.9 liters, with a full battery life of 2,000 kilometers.

As the first model of "Enjoying the World" jointly built by BAIC and Huawei, Enjoying the World S9 is said to play "78S" at the price of "56E", and the official positioning given to it is even more unusual-Zhixing’s first executive luxury flagship car. It is said that the enjoyment of S9 will also bring "a new breakthrough".

It is estimated that the six-seat SUV, color TV, big sofa, lidar and 800V platform with a price of less than 200,000 yuan will be fully equipped. It is no wonder that Zero Run will be nicknamed "the millet in the car industry" by netizens.

Compared with the current models, the rear seats of new cars can be laid down, the rear handrails can be recharged, and two "color TVs" are also equipped, which is a perfect interpretation of the eternal "truth"-buy new ones instead of old ones.

As a concept car, its still "radical" split+spread-wing door opening method may not appear on the production car. But compared with the appearance, the new generation of Raytheon hybrid technology is more worth looking forward to. According to the official statement, the battery life of this flagship SUV can exceed 2000km, and the fuel consumption of feed will be brought into the "2-liter era".

The second "car robot" is also the brand’s first car. The addition of a series of intelligent software and hardware, such as dual lidar, pure vision high-order intelligent driving technology and outside voice, may attract some intelligent enthusiasts.

According to the official statement, this is the latest masterpiece of Hongqi sunflower brand "inheriting national culture and showing great country style", and its shape design has both inheritance and innovation. In any case, when its body is more than 5.3 meters, it has already shown an aura of "not angry and arrogant".

Tengshi’s new car, Z9GT, is oriented towards performance and luxury. It is equipped with a "subversive" three-way technology platform. The test result of Elk exceeds 85km/h, the minimum turning radius is less than 5 meters (in the state of self-developed 10 steering angle rear wheel steering), the maximum power is nearly 1000 horsepower, and the acceleration of 100 kilometers is said to be 2 seconds. According to the plan, this "Pingshan Pamei" is expected to meet with you in the middle of this year.

Well, after reading these models, which ones do you feel excited about? Welcome to communicate in the comment area.

On the sales list in August, the sales volume of China Star’s high-end series reached 34,901. Then I have to mention Zhiqing. Originally, I thought that this model was enough to attract attention with its outstanding design, but after in-depth understanding, I found that its performance in intelligent technology was even more amazing! Today, let’s unveil the mystery of the hot sale of Xingyue L Zhiqing.

Xingyue L Zhiqing is equipped with a 1.5TD turbocharged engine and matched with a three-speed intelligent DHT gearbox. The maximum power of this power combination reaches 163 HP and the maximum torque is 255N?m. With the help of the motor, the power output is smooth and strong, and it can be easily handled whether it is commuting in the city or cruising at high speed. What is even more surprising is that its NEDC comprehensive fuel consumption is only 4.3L/100km. Even if the oil price fluctuates, drivers can enjoy the journey with peace of mind without worrying about fuel consumption.

As soon as I entered the car of Xingyue L Zhiqing, it seemed that I had crossed into the future world. The Galaxy OS2.0 system powered by Qualcomm Snapdragon 8155 chip has smooth operation and response speed comparable to that of smart phones. The four-zone voice wake-up function is even more intimate. With a simple password, navigation, music, air conditioning and other functions can be easily realized, making the driving process more convenient and efficient.

The addition of NOA advanced intelligent driver assistance system has raised the driving experience to a new height. It is like an experienced old driver, always escorting the driver and making every trip full of security. In addition, AR-HUD augmented reality head-up display technology has brought the sense of technology to the extreme, projecting key data such as navigation information and vehicle speed directly in front of the driver’s line of sight, so that the driver seems to be in a science fiction movie and enjoys unprecedented driving pleasure.

Xingyue L Zhiqing has won wide recognition in the market for its outstanding face value and leading intelligent technology. It is not only a stylish and powerful SUV model, but also a future car with intelligence, safety and comfort.

Volkswagen, which enjoys a high reputation in the domestic market, has become more spacious and its driving quality has been significantly improved since it was upgraded to the advanced MQB platform, which is highly sought after by the majority of home users. Facing the increasingly fierce competition in the automobile market, sagitar adjusted its strategy in time and increased its promotion efforts to make its cost-effective advantage more prominent, which naturally became the ideal family car choice in the eyes of many car buyers. Not long ago, the 2025 Volkswagen sagitar was revived, and six different configuration versions were launched. The pricing range covered 127,900 yuan to 172,900 yuan. Let’s take a closer look at the unique charm of each model.

In the new sagitar model series, half of the configurations are equipped with an economical and efficient 1.2T turbocharged engine, while the other half is equipped with a more powerful 1.5T engine. Both of them are almost the same in appearance design, inheriting the classic appearance genes of their predecessors, and retaining the iconic features of the original models from the front to the body lines. However, the real point of this change is the improvement of internal configuration and the innovation of active safety technology. In other words, in the process of shopping, consumers should not only consider the aesthetic appearance, but also focus on the matching of dynamic performance. After all, the latter is directly related to the pleasant experience and efficiency level of daily driving.

2025 sagitar 200TSI manual flying version

Guide price: 127,900 yuan

Sagitar 200TSI manual flying version, as the basic model of the series, uses a 1.2T engine and a 5-speed manual gearbox to show the power parameters of 85 kW (116 HP) and 175 Nm. However, due to the rarity of manual gears nowadays, its market response may not be dominant. However, Volkswagen is sincerely loaded, and this entry-level is equipped with 6 airbags, tire pressure warning, rear parking radar, reversing angle and constant speed navigation. What’s more, the smart cockpit is not absent. The 8-inch instrument and the central control dual screen reflect each other, supplemented by CarPlay and CarLife, making the low allocation no longer mediocre.

2025 Sagitar 200TSI DSG Flyover Edition

Guide price: 139,900 yuan

Compared with the manual transmission model, the Sagitar 200TSI DSG Flyover Edition has been upgraded to the exquisite combination of 1.2T engine and 7-speed dual-clutch gearbox. Although the power output is the same as the former, it is superior in fuel efficiency, and the fuel consumption under WLTC condition is only 5.71L/100km, showing excellent fuel-saving ability. On the configuration level, the DSG version almost reproduces the safety and intelligence characteristics of manual transmission, from all-round protection to scientific and technological interaction, and its practicality is not diminished. It is worth noting that due to the difference of transmission system, this version additionally provides dual driving modes of ECO and energy saving, further optimizing the driving experience and energy efficiency performance.

2025 sagitar 200TSI DSG Beyond Edition

Guide price: 148,900 yuan

The 200TSI DSG Beyond Edition, which is positioned as the flagship of the 1.2T series, has made another leap in the configuration level, especially in the field of active safety protection. It has newly added road deviation warning, frontal impact warning mechanism, automatic emergency braking and front parking detection equipment, supplemented by lane stability assistance and adaptive cruise system covering the whole region, which has significantly improved the peace of mind index and driving texture of expressway driving. As for the comfort configuration, the model also introduces the inductive electric tailgate, keyless opening and closing and ignition design, and the cockpit is covered with simulated leather, and the delicate and soft padding gives the drivers and passengers comfortable enjoyment. What is even more striking is that the central control area has been renewed as a 12-inch ultra-wide touch panel, which integrates many intelligent services such as navigation and traffic information inquiry, greatly facilitating daily travel needs. On the whole, the Beyond Edition not only strengthens the safety and convenience, but also significantly improves the ride experience, making it an all-round choice.

2025 Sagitar 300TSI DSG Flyover Edition

Guide price: 149,900 yuan

In contrast, compared with the 200TSI DSG Superversion, the 300TSI DSG Flyover Edition has only a 1000 yuan difference, but the core drive system is replaced by a 1.5T turbocharged engine, and the maximum output power of the whole vehicle has soared to 118kW (about 160 horsepower), and the peak torque has reached 250 Newton meters. Fortunately, even if the displacement increases, its performance in fuel economy is still bright. According to the comprehensive fuel consumption index under WLTC’s global unified light vehicle test regulations, the fuel consumption of this model is only 5.77 liters per 100 kilometers, and the negligible growth is almost negligible.

In addition to the significant upgrade in power, the 300TSI DSG Flyover Edition maintains a high degree of consistency with the 200TSI DSG Flyover Edition in other configurations, which means that consumers can still get the same level of services and guarantees such as safety assistance, comfort and convenience, and even technology interconnection while enjoying the driving pleasure brought by stronger power.

2025 sagitar 300TSI DSG Beyond Edition

Guide price: 158,900 yuan

In contrast, compared with the 300TSI DSG Flyover Edition and the 200TSI DSG Beyond Edition, the 300TSI DSG Beyond Edition has some expansion in configuration, but there are still some unsatisfactory aspects, especially in the field of cruise assistance. Specifically, if you want to enjoy the adaptive cruise function in the full speed domain, you need to pay an extra thousand yuan to unlock it; Similarly, automatic rain-sensing wipers need to be purchased separately, rather than standard assembly. Looking at the comfort configuration, it is a pity that the air conditioning system in the car fails to provide independent regulation of dual temperature zones, and the wind adjustment is limited to manual operation. These two shortcomings undoubtedly affect the perfection of the driving experience, which makes the price/performance ratio of this model slightly discounted in detail processing. Although the overall configuration has been improved, the lack of some specific links makes people feel that there is still room for improvement between cost control and functional balance.

2025 sagitar 300TSI DSG Excellence Edition

Guide price: 172,900 yuan

As the flagship of this redesigned lineup, Sagitar 2025 300TSI DSG Premium Edition is based on the 300TSI DSG Super Edition, once again expanding the luxury configuration boundary. Externally, the body is completely new, with 18-inch exquisite wheels, which significantly enhances the visual impact of the side lines. The field of intelligent driving is advanced in an all-round way, which not only includes forward-looking technologies such as reversing video monitoring and adaptive cruise in the whole range, but also enters the ranks of L2-level automatic driving assistance, demonstrating cutting-edge scientific and technological strength. In addition, diversified driving mode settings-including sports, customization, energy saving and comfort options-meet the needs of personalized driving. In terms of interior, the 10.25-inch high-precision LCD dashboard leads the trend, combined with the wireless charging device of mobile phones, to create a more convenient and pleasant car environment.

Summary:

Looking at the six models, it is estimated that the 149,900 300TSI Flyover Edition will lead the sales, and its balanced configuration and 1.5T powerful power meet the daily needs of most users. The 300TSI DSG Beyond Edition and Excellence Edition, with luxury configuration, are aimed at higher-level market users and attract buyers with abundant financial resources. My inclination? Depending on personal needs and budget, practicality and luxury have their own unique charm.

[car home Yan ‘an Preferential Promotion Channel] At present, the preferential treatment in Yan ‘an area is very strong, with a maximum discount of 200,000 yuan and a minimum starting price of 269,900 yuan. If you are interested in this car, you may wish to click "Check the car price" in the quotation form to get a higher discount.

The exterior design of BMW i4 adopts BMW’s latest design concept, with bold and dynamic front face design and closed air intake grille, which shows its identity as an electric vehicle. The overall style is simple and full of science and technology, the body lines are smooth, the lines on the side of the body are simple and full of strength, and the design of the rear is also very unique. The sloping roof and flat taillight design are adopted, which shows the sports genes of BMW i4.

Bmw i4 adopts smooth body lines, with a size of 4785*1852*1455mm and a wheelbase of 2856mm. The front tread is 1601mm and the rear tread is 1630mm, which ensures the stability and handling of the vehicle. With the front tires of 245/45 R18 and the rear tires of 255/45 R18, and the dynamic rim design, the vehicle not only has a sporty atmosphere, but also has excellent grip and driving experience.

The interior design of BMW i4 fully embodies the perfect combination of modern technology and luxury. The center console is equipped with a 14.9-inch large central control screen, which integrates control functions such as multimedia system, navigation, telephone and air conditioning, and supports voice recognition, making it easier for drivers to operate various functions. The steering wheel is made of high-quality leather, which supports manual adjustment up and down and back and forth to meet the needs of different drivers. In terms of seats, a variety of material choices are provided, including imitation leather, genuine leather and fabric/suede mix, providing excellent comfort and support. The main and co-pilot seats support a variety of adjustment methods, including front and rear adjustment, backrest adjustment, height adjustment, leg rest adjustment and lumbar support adjustment, which further enhances the driving and riding experience. In addition, the front seats also have a heating function to ensure that they can stay warm and comfortable in cold weather. The BMW i4 is also equipped with an electric seat memory function in the driver’s seat, which is convenient for the driver to quickly adjust to the most comfortable position. The rear seats support proportional reclining, providing passengers with more luggage space.

BMW i4 is equipped with a high-performance motor with a maximum power of 250kW and a maximum torque of 430N·m, which provides the vehicle with strong power output and excellent acceleration performance.

The owner of car home spoke highly of the BMW i4, praising: "Sound insulation is good, power is sufficient, and the appearance is king. I don’t think I will lose my sister Mercedes-Benz when I make the volcanic red interior."

On May 11, the People’s Daily published a series of articles on the theme of China Brand Day, "Driving Innovation and Stimulating Brand Vitality". Among them, Zhang Xinghai, chairperson of Sailis Automobile, introduced the vivid practice of enterprises to give full play to innovation leadership and promote high-quality development with the theme of "building a high-end smart travel life with technological innovation". The content is as follows:

It’s not a good idea.Building a high-end smart travel life with technological innovation

Zhang Xinghai, Chairperson of Cyrus Automobile

Today, the "digital intelligence" of the automotive industry is reshaping people’s lifestyles. As a technology-based manufacturing enterprise that deeply cultivates technological innovation, Cyrus Automobile has always adhered to innovation-driven, committed to promoting the transformation and upgrading of traditional cars to smart cars and traditional manufacturing to intelligent manufacturing, and building a high-end smart life for users with innovative products.

Sailis Headquarters in Shapingba District, Chongqing

　　In the field of innovative Product Research & Development, Cyrus Automobile actively applies digital intelligence technology, and has successively launched intelligent new energy vehicle solutions with multi-technology paths such as pure electricity and extended range. The AITO series of models designed and launched have sold a total of 100,000 vehicles. At the same time, Cyrus Automobile strives to promote the integrated research and development of intelligent software and hardware, including "full-stack self-research + system integration" two capabilities, covering five functional areas of intelligent vehicle control, intelligent electronic control, intelligent cockpit, intelligent network connection, and intelligent driving.

　　Based on its own intelligent manufacturing capabilities, Cyrus Automobile has also developed a super electric drive intelligent technology platform, which has realized a comprehensive evolution of the third-generation range extender, drive technology, and intelligent control at the technical level, meeting the needs of users with low energy consumption, long battery life, and high performance. For a better user travel experience, Cyrus Automobile has built an effective machine vision transportation solution, which greatly improves the operation and maintenance efficiency of vehicles.

　　Cyrus Automobile also relies on its independent innovation capabilities and uses digital twin technology to build an intelligent production base, dedicated to building a "China’s leading and world-class" smart factory. The Cyrus smart factory has stamping, welding, painting, and final assembly workshops, with more than 1,000 robots working together. The key processes are 100% automated and 24-hour OurHours online inspection effectively reduces labor costs while further improving production efficiency and ensuring product quality.

　　All along, Sailis Automotive has adhered to the green and low-carbon long-term philosophy, adhering to the mission of "promoting the transformation of automotive energy and creating a smart mobile life", integrating green environmental protection concepts into the whole product life cycle, covering design, production, logistics and recycling, to promote green development and achieve low-carbon development.

　　Serving users wholeheartedly is the "anchor" for the high-quality development of Cyrus. In the 20 years of car building, Cyrus’s customer service has undergone a transformation from "after-sales maintenance" to "passive service to active service", and then to "software-defined cars" in response to the trend of the times, but what has remained unchanged is the firm practice of the concept of serving users wholeheartedly.

Graduation season is not the season of breakup, but the season of engagement and marriage. From school uniforms to wedding dresses, from dormitories to common small homes, every step must be carefully calculated during this period. Smart TVs, as common smart homes, play a crucial role in the wedding room. Many friends have been asking recently how about Xiaomi TV? Is it worth buying? So today we use the following glory smart screen X1 as a benchmark to see how Xiaomi TV is!

Like everyone here, I pay more attention to the appearance of smart TVs, which is also the first reference factor for young people when purchasing products. The overall design of the two smart TVs is similar, but in terms of details, the Honor smart screen X1 is better. The Honor smart screen X1 adopts a 3D streamer frame design, which has a strong streamer texture and an instant full sense of trend, which also better fits the positioning of the Honor technology trend brand. The design of the super large screen better highlights the visual center, and the 94% screen ratio can fully meet the needs of users. In contrast, the design of the Xiaomi TV frame is relatively rough and exudes a strong plastic feeling, which is not in line with the aesthetics of today’s young people.

After the boot, the difference between the two smart TVs immediately became apparent. The fact that the Honor Smart Screen X1 has no boot ads is really unexpected, because boot ads have become an unspoken rule in the field of smart TVs. After all, brands also need to eat. Watching Xiaomi TV, the boot ads are close to 1 minute (44 seconds). Secondly, let’s compare the image quality of Xiaomi TV and Honor Smart Screen X1. The three major parts of HDR, color and MEMC were tested respectively. Honor Smart Screen X1 is excellent in color performance, with natural no deviation in color and just the right saturation. With the blessing of MEMC technology, the texture of the picture is more high-definition, and the dynamic picture is also very clear. This technology is not supported by Xiaomi TV for the time being. At the same time, the Honor Smart Screen X1 can support 8K video playback, but Xiaomi still lacks in this regard.

After seeing the image quality, let’s look at the sound quality again. In terms of sound quality, the Honor Smart Screen X1 series is equipped with a total of 4 10W speakers, with high treble and low bass. The level is very distinct and the atmosphere is very strong, which is easy to bring users into the plot. At the same time, this Honor Smart Screen X1 series also inherits the five MegaBass of HUAWEI Histen, which enhances the texture of the sound effect and enhances the user experience.

On the other hand, the Xiaomi TV was evaluated and analyzed. As an early brand to develop smart TVs, high sound quality has always been the main promotion point of Xiaomi TV. He also made great efforts to arrange 8 units of audio, and many users paid for it. In fact, Xiaomi has flipped over many times, and the sound quality promotion is among them. Compared with the 4-unit Honor smart screen X1, the so-called "8" unit Xiaomi TV has a huge difference in sound quality. The Xiaomi TV is mostly accompanied by noise, and the user experience is very poor. So if you like to watch shocking blockbusters, then the Honor smart screen X1 is a good choice!

After reading this evaluation, I think everyone has a certain answer to how Xiaomi TV is. Although Xiaomi set foot in the field of smart TV earlier, it did not have innovative thinking in the later development, and failed to pay attention to technological development and user experience, which is a pity.

Disclaimer: The market is risky, so choose carefully! This article is for reference only and is not a basis for buying or selling.

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1905 movie network news Congratulations to Andy! The Toronto Film Festival has announced his "Special Contribution Award" and will present him with an award on September 15 during this year’s Toronto Film Festival.

Andy Lau deserves to be the first Chinese filmmaker to win the award, and he will also star in the director’s new film at this year’s Toronto Film Festival. The festival will be held from September 7 to September 17.

The movie "Mr. Red Carpet" mainly tells the absurd story of Hong Kong’s old star working with a mainland director in order to "turn red". Andy Lau has been popular for many years, and he is a national idol in the hearts of audiences. To a certain extent, this film also overlaps with his experience. I look forward to how he will play this role.

　　On August 29, Xiaomi co-founder, vice president, and head of Xiaomi TV, Wang Chuan, released an article today entitled "Why did Xiaomi TV take the lead in cutting prices?" Wang Chuan said that in the second half of this year, we found signs of a decline in upstream raw material prices. Our first reaction was to return the benefits to users and become the first TV brand to cut prices comprehensively.

　　It is reported that the categories of this price reduction include the comprehensive price adjustment of Xiaomi TV 4A from 43 inches to 65 inches, with a maximum decrease of 1,000 yuan.

　　Wang Chuan said that in the first half of this year, the entire TV industry’s overall market was declining, and the strong TV companies in the past also encountered various problems. However, Xiaomi TV has achieved frequent success and achieved rapid growth against the trend.

　　Wang Chuan said that at such a low price, Xiaomi TV is still making money, mainly for the following three reasons: first, in the upstream supply chain, we have more advantages than traditional manufacturers; second, Xiaomi’s self-built Xiaomi Mall and Xiaomi Home are very efficient channels; third, Xiaomi TV’s business model is a tipping model – internet service, Xiaomi TV is still profitable in the case of hardware not making money, forming a healthy business closed loop.

　　The following is the full text of Wang Chuan’s article "Why Did Xiaomi TV Take the Lead in Reducing Prices?":

　　Yesterday, we announced a price adjustment, becoming the first TV brand to cut prices across the board. As you may remember, the price of TV panels and other raw materials rose sharply in the second half of last year. Xiaomi persisted until the beginning of this year before it had to make a small price adjustment. It is the company that has raised prices the latest and lowest in the entire TV industry. In the second half of this year, we found that the prices of upstream raw materials showed signs of falling. Our first reaction was to return the benefits to users: Xiaomi TV 4A fully adjusted prices from 43 inches to 65 inches, with a maximum decrease of 1,000 yuan.

　　Adhere to high cost performance and grow against the trend

　　Does anyone say Xiaomi TV is crazy? No, insisting on high cost performance and saving every penny for users is the core value of Xiaomi. In May this year, we launched the world’s thinnest LCD TV, Xiaomi TV 4, with a thickness of only 4.9mm, 30% thinner than iPhone. The price of this top-of-the-line 55-inch TV is only 3,999 yuan, which is not much different from the price of an ordinary 55-inch TV. In March this year, when all the TV companies launched new spring products with sky-high prices, we launched a new cost-effective series – Xiaomi TV 4A, starting from 2,099 yuan, which is called the fighter in the TV industry.

　　Why did you set such a price? Mr. Lei has said many times that Xiaomi is a kind company, a company that follows cost pricing and pursues low gross margin. It is a company that has the ability to sell products to 9999 yuan but insists on pricing 3999 yuan. This TV is priced as much as we don’t lose money. Now that the price of raw materials has dropped, we continue to follow the cost and reduce the TV price as soon as possible.

　　Xiaomi is a company founded by a group of engineers. When other companies use technology as a selling point for them to obtain high gross profits, as engineers, our idea is very simple. The technology we have worked hard to develop is used to benefit millions of users, not a tool used by manufacturers to make huge profits. This is our dream when we created Xiaomi. "Let everyone enjoy the fun of technology."

　　We want to be friends with every user. Lei always said, if you think about how to earn 100 yuan more users every day, how can you be friends with others? You have to think about how to save 100 yuan every day.

　　In the past five years, Ray has never set a KPI for us. We have not discussed sales, sales volume, and profits. We believe that as long as we can make a good product, these things will follow, and the facts prove it.

　　In the first half of this year, the overall TV industry was in decline, and the strong TV companies in the past also encountered various problems. Xiaomi TV has achieved rapid growth against the trend. According to data from Zhongyikang, in the first half of 2017, Xiaomi TV’s online sales increased by 91.2% year-on-year; according to the "Analysis Report on Home Appliance Online Shopping in the First Half of 2017" jointly released by CCID Research Institute and China Electronics News, Xiaomi TV was the TV brand with the largest increase in online sales in the first half of this year; according to statistics from Aowei Cloud Network for the second quarter of this year, Xiaomi TV won the online sales championship of the two mainstream sizes of 49 inches and 55 inches. This year 618, we won the sales championship of 43 inches, 49 inches, 55 inches, 65 inches and other size segments on JD.com and Tmall platforms. These sales rankings are very exciting for us, but there is one ranking that makes me even more proud, that is, the repeat purchase rate of Xiaomi TV is No. 1 in the entire TV industry, including foreign brands, which fully shows that after experiencing Xiaomi TV, users know what TV is most worth buying.

　　Low prices can still make money, how did we do it?

　　So why is 2017 a cold winter for the TV industry, but spring for us? With such a low price tag, many people think we are losing money, but I want to tell you that we can still make money. Why is that?

　　As an Internet company, our huge core advantage in TV is emerging.

　　First, in the upstream supply chain, we have an advantage over traditional manufacturers. Today, the entire manufacturing industry has entered an era of overcapacity. Instead of building our own factories, we choose the best quality and most efficient manufacturers among the best foundries in the world to produce Xiaomi TVs. I can use Sony’s, Samsung’s, and Sharp’s foundries. We can use the best craftsmanship to build Xiaomi TVs.

　　Second, we have more and more advantages in sales channels. Xiaomi’s self-built Xiaomi Mall and Xiaomi Home are both very efficient channels. We are the first TV brand in the industry to achieve the same price online and offline; while traditional manufacturers hand over 40% of the cost to various offline channel providers. The same TV can only be made into two models. There is a big difference between one price online and one price offline. Bullying users who don’t know how to do it and relying on deception to obtain high gross profits. Industry insiders laugh at themselves as: "No pit, no deception, no color TV".

　　Third, our business model is the tipping model – internet service. If users like our products, we are confident that the experience will be good enough for users to be willing to tip. The average daily boot rate of Xiaomi TV is as high as 68%, far exceeding the industry level of 56%. This shows that users of Xiaomi TV prefer to turn on the TV, and Xiaomi has more than 20 million users on the TV side and more than 10 million monthly active users. It is the largest Internet TV platform in China. With a large and highly active user base, our Internet revenue such as e-commerce and membership has exploded. This has allowed Xiaomi TV to achieve profitability even though the hardware is not profitable, forming a healthy business closed loop.

　　Companies from the future

　　Xiaomi TV’s dream is to "make the best TV, so that everyone can buy it". The three advantages of supply chain, sales channels and business model make the two seemingly contradictory ideas of "best TV" and "everyone can buy it" unified, so that we can use a lot of energy to polish each product under the premise of insisting on high cost performance. In recent years, many companies have been busy grabbing the market, and we have improved our products little by little from image quality, sound quality, craftsmanship, content, intelligence and other aspects, each of which has reached the top level in the industry. For example, Chinese TV manufacturers do not pay much attention to sound quality, but we are willing to make great efforts to hire world-class acoustic experts, establish a first-class acoustic laboratory, and successively launch Soundbar speakers, independent subwoofers, surround sound home theaters, and the first Dolby Atmos cinema TV, allowing users to enjoy sound quality comparable to cinema without leaving home.

　　From the first generation to the fourth generation, each generation of Xiaomi TV has made great progress and is at the forefront of the TV industry. We are the first to create an artificial intelligence system that "understands the content and understands you better", so that users don’t have to struggle to find a large amount of TV content; the first to develop artificial intelligence voice TV, so that illiterate children and the elderly who are afraid of smart TVs can easily use smart TVs. We launched this year’s flagship product – Xiaomi TV 4, which looks like a borderless design of a piece of glass, a 4.9mm body that is 30% thinner than iPhone, and a price starting from 3499 yuan, all of which make the entire TV industry admire.

　　With the popularity of the Internet, users are becoming more and more experts and buying smarter and smarter. We firmly believe that the era of relying on fooling users to obtain high gross profits is over, and the future belongs to companies like Xiaomi that insist on "making products that move people’s hearts and are affordable." Xiaomi is a company from the future.

　　On the evening of August 2, a number of listed companies in Shanghai and Shenzhen issued announcements for investors’ reference:

　　Major Announcements > > >

　　Air China: Plans to raise no more than 15 billion yuan

　　() announcement, the proposed increase in funding does not exceed 15 billion yuan, for the introduction of 22 aircraft projects and supplementary working capital.

　　Changan Automobile: plans to add 1.169 billion yuan to the joint venture Avita Technology

　　Changan Automobile announced that in order to enhance its core competitiveness, strengthen the coordination of industrial chain resources, and accelerate the development of intelligent electric vehicle (SEV) business, Avita Technology, a joint venture of the company, introduced investors in the Chongqing United Equity Exchange by way of public listing and expansion. Six investors were finally identified. Avita Technology has signed a strategic cooperation agreement with the above-mentioned new investors, and plans to carry out strategic cooperation in the fields of sales network support, chip guarantee and visual image perception, intelligent cockpit development, etc., to further strengthen the resource advantages of the industrial chain. Avita Technology plans to increase its registered capital by 472 million yuan, from 1.172 billion yuan to 1.645 billion yuan. Changan Automobile plans to increase its capital by 1.169 billion yuan. After the capital increase is completed, Changan Automobile’s shareholding ratio will increase from 39.02% to 40.99%.

　　Longji Green Energy: Former Supervisor Receives Warning Letter from Shaanxi Securities Regulatory Bureau for Short-term Trading Company Convertible Bonds

　　() Announcement that Li Xiangju, the former supervisor of the company, received a warning letter from the Shaanxi Securities Regulatory Bureau because of the short-term trading of the company’s convertible bonds. Li Xiangju herself has conducted a profound self-review and has returned the 300 yuan proceeds from the above short-term trading to the company.

　　Jinjing Technology: The company’s perovskite cell-related product revenue accounts for a low proportion

　　() Issued the announcement of abnormal stock trading fluctuations and risk warnings. Recently, the company has noticed that some media have associated the company with the hot market concepts related to perovskite cells. However, as of now, the domestic cadmium telluride and perovskite battery market is still in its infancy. The company’s related products generate a relatively low proportion of relevant operating income in this field, which will not have a significant impact on the company’s operating results. At the same time, the impact on future operating results is also highly uncertain. The company’s current production and operation activities are all normal, the internal production and operation order is normal, the company’s fundamentals have not changed significantly, the company’s main business structure has not changed significantly, and the company’s internal and external operating environment has not changed significantly in the near future.

　　Guangxin Materials: At present, the output and sales scale of flat panel display photoresists are not large as a whole

　　() issued an announcement of abnormal fluctuations in stock trading, the company’s current flat panel display photoresist products have only received small batch sales orders from some downstream customers (the cumulative sales volume is about 900 gallons, about 3.8 tons), and it is still in the initial market development stage. The overall production and sales scale are not large. The company’s fundraising project flat panel display photoresist, integrated circuit photoresist and supporting reagent planning capacity of 2000 tons/year and 5000 tons/year, there may be flat panel display photoresist, integrated circuit photoresist and supporting reagent customer verification caused by market development risks and related production capacity digestion risks; the company’s entry into new energy automotive coatings and other application fields is still in its infancy, the future can quickly open the market is still uncertain, the short term can not fully cover the company’s coatings plate due to important customer orders significantly reduce the impact of revenue.

　　Zhenyu Technology: 2 billion yuan to build new energy vehicle power system core components and other projects

　　() Announcement, the company plans to invest in the construction of new energy vehicle power system core parts project in Taicang, Jiangsu, and the construction of new energy battery structural parts production base project in Zhaoqing, Guangdong, with a total investment of 1 billion yuan. This foreign investment is to improve the company’s capacity in the field of motor core parts and new energy power lithium battery precision structural parts manufacturing, expand effective production capacity, and better meet the needs of customers for capacity matching.

　　Skyline shares: about 3 billion yuan to build new lithium hexafluorophosphate, high-purity lithium fluoride and by-product supporting projects

　　() Announcement, the company and the Ruichang Municipal People’s Government signed the "Contract on Investment and Construction of Skyline New Energy and New Materials Project", planning to invest about 3 billion yuan to build a new annual output of 30,000 tons of lithium hexafluorophosphate, 6,000 tons of high-purity lithium fluoride and by-product supporting projects.

　　Riying Electronics: The company’s precision injection molding sales account for a relatively high proportion, and automotive wiring harnesses are mainly motorcycle wiring harnesses

　　() Issued a change announcement. The company’s current main business is automotive washing systems, automotive electronics, precision injection molding and automotive wiring harnesses. Among them, precision injection molding sales account for a relatively high proportion. Automotive wiring harnesses are mainly motorcycle wiring harnesses. Automotive electronics are mainly based on PM2.5 sensors, temperature sensors, and sunroof controllers. Among them, temperature sensors are sold on household appliances and automotive temperature sensors. 360 panoramic surround view systems are normally mass-produced. Affected by high raw material prices and repeated epidemics leading to tight supply chains, the company’s product gross profit margin has declined.

　　Dayuan Pump Industry: The company is not currently involved in other new energy industry chain businesses

　　() issued a risk warning, some of the company’s canned pump series products are used in the field of engine system cooling, but the current contribution of related series products to the company’s performance is relatively small. In 2021, the series of products will achieve operating income of about 10 million yuan, accounting for about 0.67% of the company’s current total revenue. In addition to the above, the company is not currently involved in other new energy industry chain business.

　　Hanlan Environment: Subsidiary plans to invest in Sanshui District domestic waste incineration power generation project

　　() Announcement, it is planned to take the subsidiary Hanlan (Foshan Sanshui) Biological Environmental Protection Technology Co., Ltd. (the company holds 49%) as the main investor to invest in the Sanshui District Domestic Waste Incineration Power Generation Project of Foshan Sanshui Green Environmental Protection Project. The total treatment scale of the project is 1800 tons/day, the total investment is about 1.488 billion yuan, and the company invests according to the proportion of equity. Announcement on the same day, the board of directors agreed to start the issuance of infrastructure public offering REITs, and intends to select drainage business or solid waste treatment business related assets as pool assets, the scale is expected to be 1 billion – 3 billion yuan.

　　China Life: to invest no more than 4 billion yuan to participate in the establishment of a partnership

　　() Announcement, the company, property insurance companies and other investors intend to enter into a partnership agreement with Guangzhou Jinyang and Guangzhou Xinrong to jointly establish Guangzhou Xincheng Phase II Industrial Investment Fund Partnership (Limited Partnership). The total subscribed capital of all partners of the partnership shall not exceed 7.0014 billion yuan, of which, the company’s subscribed capital shall not exceed 4 billion yuan, and Guoshou Jinshi will act as the manager of the partnership. The partnership will mainly invest in equity assets in the field of inclusive finance. On the same day, it was announced that Zhao Peng has been appointed as the president of the company, and his qualifications are yet to be approved by the China Banking and Insurance Regulatory Commission.

　　Lushan New Materials: The proposed issue of convertible bonds does not exceed 524 million yuan

　　() announcement, the company intends to publicly issue convertible bonds proceeds raised total not more than 524 million yuan, after deducting the issuance costs for solar cell encapsulation film expansion projects and supplementary working capital.

　　Performance > > >

　　Guizhou Moutai: Net profit 29.794 billion yuan in the first half of the year, an increase of 20.85%

　　() announcement, the first half of the operating income 57.617 billion yuan, an increase of 17.38%; net profit 29.794 billion yuan, an increase of 20.85%.

　　Baichuan Energy: Net profit in the first half of the year fell by 28.19% year-on-year

　　() announcement, the first half of the operating income 2.624 billion yuan, an increase of 7.28%; net profit attributable to the parent 246 million yuan, down 28.19%.

　　New National Capital: Net profit in the first half of the year increased by 108.9% year-on-year

　　() Disclosure of semi-annual report, the first half of the operating income of 2.123 billion yuan, an increase of 31.79%; net profit of 195 million yuan, an increase of 108.90%; basic earnings per share of 0.40 yuan.

　　Increase and decrease holdings > > >

　　RESCANDA: Shareholders plan to reduce their holdings by no more than 7.62% of the company’s shares

　　() announced that shareholders Gao Lei and Wang Jianming, who hold 8.91% and 7.13% respectively, will reduce their holdings by no more than 7.62% of the company’s shares. Among them, Wang Jianming is a director of the company.

　　Central Hailu: Shareholders plan to reduce their holdings by no more than 6% in total

　　() Announcement, shareholder Guofa Zhifu (holding 3%) and its affiliate Guofa Rongfu (holding 3%) plan to reduce the company’s shares by no more than 6 million shares, that is, no more than 6% of the company’s total share capital.

　　Ruida: Shareholders plan to reduce their holdings by no more than 3.46% of the company’s shares

　　Ruida announced that its 7.16% shareholder, Guoke Ruihua, plans to reduce its stake in the company by no more than 3.46%.

　　[car home Information] A few days ago, we learned from BYD’s official Weibo account that the Han model will start its first-anniversary OTA upgrade on July 19th. BYD Han is positioned as a medium-sized and large-sized car, and currently sells five configurations, among which Han EV (parameter picture) has three configurations, and the price range is 229,800-279,500 yuan; There are two models of Han DM, and the price range is 21.98-23.98 million yuan.

　　According to the official OTA update, this update mainly adds the following functions:

　　1. Add HUAWEI HiCar function to improve the convenience of car-machine interconnection;

　　2. Add the function of RPA remote remote control parking assistance system to provide a better parking experience (suitable for Han EV flagship model with automatic parking function & distinguished model);

　　3. Increase the function of rhythmic music atmosphere light in the car to optimize the atmosphere inside the car (suitable for vehicles equipped with interior atmosphere light function, Han EV flagship type & distinguished type, Han DM distinguished type);

　　In order to ensure the safety of your car during the upgrade period, the vehicle will be temporarily unable to drive during the upgrade period. The estimated time for this upgrade is about 30~80 minutes. Please plan reasonably and reserve time. (Compile/car home Zhouyi)