What is the effect of the new military revolution in the world after nearly 20 years? What are the prospects after the change?

　　For readers who are slightly familiar with the military, "new military revolution" is a familiar phrase, and new military revolution is in full swing in many countries. It has been almost 20 years since the concept of "new military revolution" was put forward and put into practice. What is its effect? What is the future development prospect? China Youth Daily reporter interviewed Lin Dong, an associate professor of National Defense University.

　　Reporter: When and who initiated the new military revolution, and in what context did it begin?

　　Lin Dong: The 20th century is a century in which military revolution continues to take place. Today, the global new military revolution we are carrying out is relative to the military engineering revolution characterized by mechanization basically completed during the Second World War, and it is marked by informationization.

　　This change was first initiated by the US military, which originated from the contest with the China army and rose from the confrontation with the Soviet army. The early motivation was the Korean War, and then the Vietnam War. The US military deeply reflected on these two unsuccessful wars. Finally, tactically, it concluded that the US mechanized troops were strong in firepower, assault and maneuver, but weak in "melee", "night fighting" and sudden attacks during the March, and it was also unsuccessful to engage in "logistics strangulation war".

　　Reporter: the us military began to change for this?

　　Lin Dong: Yes, the US military began to implement the military sensing revolution in the 1950s, and later it developed into satellite reconnaissance and high-altitude UAV reconnaissance. Until the drastic changes in Eastern Europe occurred in the late 1980s, the US military quickly turned to general local conventional warfare, and prepared to turn the three major achievements in dealing with the Soviet nuclear war into the application of conventional warfare. First, the GPS system used to correct the time difference for intercontinental nuclear missiles flying across time zones was turned to provide navigation and positioning for various conventional mobile weapons and equipment; Second, the internet, a computer communication network established to resist the nuclear destruction of the Soviet Union, has been transferred to joint operations, which has become the basis of digital troops and network-centric warfare; Third, the Star Wars plan, which was prepared to break through with the Soviet Union, laid the foundation for the construction of the missile defense system.

　　It was also during this period that Marshall, director of the Net Assessment Office of the US Department of Defense, put forward the concept of "new military revolution".

　　Reporter: That is to say, the US military has explored the new military revolution before, and then it has an official name?

　　Lin Dong: It’s like this. In 1994, the then Secretary of Defense of the United States, Perry, formally put forward a comprehensive view of military reform based on the achievements of the military technology revolution, and named it the military affairs revolution. By the end of 1990s, after the Bush administration came to power, Rumsfeld, in combination with the needs of the "9.11" anti-terrorism war, re-positioned military reform as military transformation, trying to fully meet the needs of information development in the military establishment system, operational system and operational methods, and surpassing information in the development of weapons and technology, and opening up a broader world of military reform.

　　Reporter: Has the concept of new military revolution been recognized by other countries as soon as it was put forward?

　　Lin Dong: No, this concept was accepted late by other countries. Since 1980s, when people talk about the new military revolution, they mostly use the word high-tech war. It was not until the Gulf War in 1991 that the US military defeated hundreds of thousands of mechanized troops in Iraq with hundreds of casualties. Everyone was shocked and realized that a revolutionary military revolution had arrived.

　　Reporter: What was the goal of the early new military revolution?

　　Lin Dong: In the early days, the US military did not expect a historic leap forward, so the initial goal was not high. First, it was to save money. It was required that the new military revolution would enable the US military to rely on high technology to have a superior combat capability with about 300,000 troops. Second, fewer people are killed. Another important indicator of the new military reform proposed by the US military is that it can make the US military lose less than 10,000 people in conventional wars.

　　Although these two goals were achieved in the Gulf War, the US military at that time did not dare to take them lightly. However, the subsequent wars in Kosovo, Afghanistan and Iraq, without exception, the battlefield situation was one-sided with the US military. The number of combat troops sent by the US military has been reduced to tens of thousands, and even there has been a record of zero casualties in a war, and the US military has become ambitious.

　　Reporter: So far, has the new military revolution of the US military gone smoothly? Have all the goals been achieved?

　　Lin Dong: After Rumsfeld took charge of the US military command, he made every effort to promote military transformation, so in the middle of the new military transformation, he launched a brand-new strategic goal: First, to achieve a global strike, and the US military can strike any corner of the earth with one hour of emergency preparation; The second is to realize the integration of the army, integrated operations and integrated formation.

　　As a result, the integration construction encountered setbacks. First of all, Rumsfeld’s conflict with various services broke out. Rumsfeld made great efforts to promote joint operations and drastically weakened the position of the service headquarters. As a result, Rumsfeld was boycotted. However, Rumsfeld had no intention of quitting, and several generals of the army and navy were dismissed. As a result, he ended up being cornered by various services.

　　Secondly, there are serious differences of opinion among the services on the development direction of the new military revolution, and the Air Force put forward the idea of denying joint operations. The US Air Force believes that the assault stage of modern warfare is mainly air strikes, and the air combat forces of the navy and the army should all be under the command of the air force, and the implementation of coordinated assault with the air force as the main content of winning the war. The navy should become the transportation captain, and the army and the marine corps mainly occupy the city after the completion of the main air assault, and then go into the city to catch prisoners, and then fight terrorism and maintain stability.

　　This argument caused a great division and controversy among the US military services, which is still going on today. At present, the US military’s huge information system, national and theater missile defense systems are all disturbed by differences among various services, and their goals are vague and hesitant.

　　Reporter: Mr. Lin, the world’s new military revolution has been going on for nearly 20 years. Some people think that it is the sprint stage of the new military revolution, but in your new book "Beyond the military service era-systematic scientific thinking about the new military revolution", you suggest that the new military revolution is undergoing a spiral development process. What does this mean?

　　Lin Dong: At present, some people think that the new military revolution has formed a framework and entered a substantial leap stage. However, this is not the case. For example, the US military, as the leader of the new military revolution in the world, has carried out several core projects with budgets of trillions of dollars, such as GIG system of global information grid, NMD system of national missile defense, TMD system of theater missile defense, etc., thinking that they can win the all-round victory of the new military revolution with one effort, but all of them are frustrated and faced with huge strategic risks. At the same time, Rumsfeld, the leader of the new military revolution in the United States and former defense secretary, also resigned because of the quagmire of the Iraq war, and his radical military transformation policy was boycotted by all services of the US military.

　　The great exposure of the new military revolution in the west, led by the US military, shows a huge deviation in the theoretical guidance of military revolution, which comes from people’s stagnation in mechanized thinking to solve the information problem. Therefore, I think that the new military revolution in the west led by the United States is entering an adjustment period, and everyone’s understanding of the new military revolution in the world is also entering a gray area, which requires a breakthrough in thought and theory.

　　Reporter: In your book, you propose to "transcend the military service era". Does it mean that the future army will no longer be divided into land, sea and air forces, so how to organize the future army?

　　Lin Dong: The establishment system of the army is determined by the way of fighting.

　　In the mechanized era, the army fights according to the division of natural geographical space, so it is necessary to divide the army, navy and air force. The army controls the land, the navy controls the sea and the air force controls the air, each of which has its own symmetrical combat targets and fights independently of each other.

　　However, since the late World War II, there has been a phenomenon of cross-growth of services, and the cross-development of services has moved towards a super-service structure, and each service has tried to develop into a big army that includes the forces of other services.

　　Up to now, all services have broken the boundaries of services and extended to other battlefields. The air force can fight naval battles and land battles, the army has planes and surface ships, and the navy is decathlon, thus breaking the pattern of monopolizing land battles, naval battles and air battles respectively, and also bringing about the problems of repeated development of service combat capabilities and serious waste of military resources.

　　In order to solve the problem of the expansion of various services, the military all over the world invariably put forward the strategic problems of developing joint operations, sharing operational resources and dividing the military organizational system for the second time.

　　At present, there are two opinions on reforming the military service system. One is that the German army proposed to abolish the organizational system of the three armed forces and set up three major services, namely, the long-range strike force, the stable operation force and the information support force. Another view is to keep the current service establishment, but make the service units modular and can be reorganized with other service units, and at the same time add a horizontal organization to form three networks of reconnaissance, strike and maneuver, and all service units participate in the actions of these three networks.

　　Now it seems that the US military was adapted according to the second plan.

　　Reporter: When do you think the U.S. military will realize informationization, and where is the direction of change after informationization?

　　Lin Dong: According to the three indicators of global strike, global arrival and global surveillance proposed by the US military, its information transformation will be basically completed around 2025.

　　At that time, the focus of the US military’s reform will also shift. At present, these shifting directions have been used as new concept weapons in experimental research. First, the material revolution, mainly relying on nanotechnology to build micro-weapons. The second is the power revolution to solve the problem of high energy consumption. The third is the firepower revolution. Nowadays, the US military is designing a network fire system, a 64-tube vertical firing artillery array, which does not need a steel shell, and the ammunition fired in one minute can catch up with half of the current battalion. Fourth, laser weapons enter the battlefield and use high-energy lasers to destroy incoming enemy missiles, thus fundamentally solving the missile defense problem. The fifth is the flexible technology revolution, which has created humanoid flying robots that can fly and walk. With the help of intelligent technology, soldiers can fly spaceships that can reach the moon and catch turtles in the sea, spraying inexhaustible lasers and galloping between heaven and earth. (China Youth Daily Xuehong Li)

Editor: Cao Jin

　　The 46-episode drama "Old Tavern", starring Chen Baoguo and Amanda, tells the story of Chen Huaihai, the shopkeeper of the Shandong Old Tavern on Dalian Haoren Street, and what happened in the old Tavern he opened. Since its launch, the drama has won the love of many audiences with its rich chronological texture, solid and excellent plays, rich and full characterization and witty lines.　

　　If "Braving the Kanto" in those days was a comprehensive review of the real population migration in the history of China, today’s "Old Pub" is a multi-dimensional extension and upgrading expression of Gao Mantang’s great feelings of the "post-Braving the Kanto era" with a brand-new story context after ten years of precipitation.　　　

　　"Something nutritious for young people"

　　Today, nearly half of Dalian’s population comes from Shandong. Gao Mantang’s ancestors came to Dalian from his grandfather’s generation, and his father opened a pub on Xinglong Street in Dalian, from which the story of Old Pub originated. Gao Mantang’s deepest memory is the wonderful time after his father drank alcohol when he was a child: "My father always plays his broken erhu after drinking. Singing" Empty City Strategy "is beautiful, and singing" Xu Ce Running the City "is almost enough. If there is another Shandong Lu Opera, it is almost time to sleep." Gao Mantang’s creative desire was inspired by the legendary life stories and chivalrous feelings of his father’s wandering drinkers: "Write the stories of his father’s time with ease, and the more you write, the more energetic you are."

　　"One Lushunkou, half a modern history", with reverence for history, at the centenary of his father’s birthday, Gao Mantang finally set out to write this story that has been in his mind for thousands of times. The Old Pub was written from the national crisis in China in 1928 to 1949. Gao Mantang thought that the history of suffering in it should not be forgotten: "We should not only cherish the future, but also review the history, and remind the young people of today that when they are enjoying their lives, it is necessary for us as artists to bring them something nutritious."

　　The old pub in the play has undergone great changes for half a century, and it has been renamed several times in different years. Finally, in 2013, the name of "Shandong Old Pub" was reused. Such an old name is actually a continuation of tradition, which implies the spiritual inheritance of Do not forget your initiative mind. The Old Pub is a touching letter written by Gao Mantang to his father, a memorial to the city of Dalian, and a long and meaningful romantic poem dedicated to the audience.

　　"Everyone is in my blood."

　　In the play, Chen Huaihai is undoubtedly the most eye-catching: being a father at home and caring for his wife and children; Being a shopkeeper in a pub, caring for brothers; In Haoren Street, it is the backbone, helping the poor; He is the core of The Old Tavern and the backbone of the Chinese nation. As a descendant of the "Go to the East" people, Gao Mantang bluntly said: "I can’t educate the audience, I can only use my artistic image to infect the audience, enrich the modern people with these characteristics of Chen Huaihai, and let the traditional spirit return to our new era."

　　Chen Baoguo, who won the Flying Award for "The Old Farmer" in 2015, expressed deep gratitude to Gao Mantang at the award ceremony: "Mr. Mantang, your play is difficult to perform but long-term, and your play is an actor." For Chen Baoguo, Gao Mantang is a predecessor, a Bole, and a noble person in his artistic career; Similarly, Gao Mantang regarded him as a close friend and a soul mate in his creation. After ten years’ cooperation, they left many excellent works, and this time, The Old Tavern is a tailor-made work by Gao Mantang for Chen Baoguo. In the early stage of script creation, he had confided in Chen Baoguo many times and told him many archetypal characters and real history behind the script, which made this story take root in Chen Baoguo’s heart.

　　On the basis of Chen Huaihai as the core, The Old Tavern closely links personal destiny with feelings of home and country through group narration, and staged a legendary drama of "Every man is responsible for the rise and fall of the world". In Gao Mantang’s view, "Everyone in this room is in my blood. Chen Huaihai is equivalent to a solid main line and hub. The drinkers who come and go are branches that crisscross and merge with each other. These characters can open and close freely. "

　　"Creation should go deep into life"

　　Gao Mantang is a "rough man" born and raised in Northeast China. He has a hard-working nature in his bones. He visited six provinces and interviewed more than 200 talents to complete an old farmer. He is willing to stay in the steel plant for three years for the material of steel workers in The Age of Steel and The Great Craftsman. "Going to the East" lasted for ten years, spanning the three provinces of Heilongjiang, Kyrgyzstan and Liaoning, and reaching Jiaodong and Southwest Shandong, with a journey of tens of thousands of kilometers. In a bitter and cold place, you can only eat tofu with soy sauce to satisfy your hunger. In this regard, Gao Mantang has his own stubborn insistence: "Creation should go deep into life, take off on a solid land, and grab a handful of soil like an eagle."

　　In the pursuit of short and fast experience, creation is becoming more and more fragmented and flowing. Gao Mantang lamented this: "Such a story is too empty, not solid, and it is a suspended story. Life is the source of creation. Only by feeling, touching and experiencing can we have the impulse to create. I am willing to slow down the creative speed. With originality, China’s TV series will have long-term vitality. " (Qilu Evening News Qilu Yidian Special Reporter Tang Poetry)

The Central Meteorological Observatory continued to issue the yellow warning of blizzard, orange warning of cold wave and yellow warning of freezing at 06: 00 on February 21st.

Yellow Warning of Blizzard: There are blizzards in 7 provinces and regions including Shandong, Henan and Hubei.

The Central Meteorological Observatory continued to issue a yellow warning of blizzard at 06: 00 on February 21:

It is estimated that there will be heavy snow in parts of eastern and southern Shandong, central and eastern Henan, northern Anhui, northern Jiangsu, central and northeastern Hubei, northern Hunan and eastern Tibet from 08: 00 on February 21st to 08: 00 on February 22nd. Among them, there will be heavy snow (10-15mm) in eastern Shandong, eastern Henan, northern Anhui, northern Jiangsu, southwestern Hubei, northwestern Hunan and eastern Tibet. The depth of newly added snow in some areas above is 3 ~ 7 cm, and the local area can reach more than 10 cm.

Defense guide:

1. The government and relevant departments shall, in accordance with their duties, implement measures to prevent snow disasters and freeze injuries;

2 transportation, railway, electric power, communications and other departments should strengthen the inspection and maintenance of roads, railways and lines, and do a good job in road cleaning and snow melting;

3. Pedestrians should pay attention to cold prevention and anti-skid, drivers should drive carefully, and vehicles should take anti-skid measures;

4. Farming and pastoral areas and breeding industries should prepare enough feed to prevent snow disasters and freezing damage;

5. Reinforce temporary structures that are easily crushed by snow, such as scaffolding.

Cold wave orange warning: most of the south will cool down now, and some areas will drop by 12 to 18 C.

The Central Meteorological Observatory continued to issue a cold wave orange warning at 06: 00 on February 21:

Affected by the cold wave, it is predicted that the temperature will drop in most parts of southern China from 08: 00 on February 21 to 08: 00 on February 23, and the daily average or minimum temperature will generally drop by 6 ~ 12℃, and the temperature in the southeastern part of southwest China, southern and central eastern Jiangnan, and central and northern South China will drop by 12~18℃. Among them, the cumulative cooling range in parts of southeastern Guizhou, southern Hunan, northwestern Guangxi and central Jiangxi can reach more than 20℃. Around February 23, the lowest temperature line of 0℃ will be pressed south to the area from southern Jiangsu and Anhui to southern Hunan and southern Guizhou.

Defense guide:

1, the government and relevant departments shall, in accordance with their duties, do a good job in cold wave emergency work;

2. Pay attention to cold and warmth;

3, agriculture, aquaculture, animal husbandry, etc. should actively take anti-frost, freezing and other cold measures to minimize losses;

4, do a good job of windproof.

Frozen yellow warning: there are freezing rain or ice particles in parts of 8 provinces and cities such as Anhui, Hubei and Hunan.

The Central Meteorological Observatory continued to issue a frozen yellow warning at 06: 00 on February 21:

It is estimated that from 08: 00 on February 21 to 08: 00 on February 22, there will be freezing rain or ice particles in parts of southeastern Henan, central Anhui, northern Jiangsu, central, eastern and southern Hubei, northern Hunan, northwestern Jiangxi, eastern Guizhou and southeastern Chongqing, with freezing rainfall of 2-5 mm and local area of 8 mm or more.

Defense guide:

1, transportation, public security and other departments should do a good job in preparing for road icing in accordance with their duties;

2. The electric power department should prepare for the deicing of power facilities;

3. Take certain protective measures for crops, vegetables, flowers, fruits and forestry;

4. Pedestrians should pay attention to anti-skid when going out.

Original title: "Blizzard, freezing rain, cold wave three warnings are issued together! Pay attention to prevention "

Read the original text

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

　　I. Discussion and analysis of business conditions

　　The company is a comprehensive development enterprise dedicated to the development of intelligent manufacturing sector with special purpose vehicle and robot manufacturing as the core, urban operation sector with real estate development and urban renewal as the core, and smart livelihood sector with property services and medical care as the core as the three business systems. Relying on the core technology and resource advantages of each sector, it is diversified and complementary, and cooperates to build an ecological capacity of "great urban service".

　　In 2023, the operating income was 18.301 billion yuan, down 19.69% year-on-year, and the main business income of the urban operation sector accounted for the proportion.

　　87.87%； The net profit attributable to shareholders of listed companies is-3.651 billion yuan; The asset scale was 56.489 billion yuan, a year-on-year decrease of 19.73%; Net assets were 8.071 billion yuan, down 35.12% year-on-year; Net operating cash was 1.116 billion yuan, a year-on-year decrease of 42.19%.

　　-External environment for the company’s development in 2023:

　　In 2023, the macro-economy stabilized and repaired, the per capita income rebounded moderately, the previous backlog of demand was gradually released, consumption recovered moderately, infrastructure investment maintained growth, and the annual GDP growth rate rebounded by 2.2 percentage points to 5.2%. As far as the real estate industry is concerned, although the policy of stabilizing the property market continued to be introduced during the reporting period, such as the central bank continuing to guide the downward trend of loan interest rates, the implementation of "recognizing houses but not loans", and loosening the purchase restriction policy in some places, residents are worried about the downward trend of house prices and the risk of delivery of some real estate enterprises, and preventive savings behavior still exists. In this context, according to the investment and sales data of real estate development in 2023 released by the National Bureau of Statistics, the supply and demand sides of the real estate market are still under pressure, and the data continues to decline. The national investment in real estate development decreased by 9.6% year-on-year; The newly started area of real estate decreased by 20.4% year-on-year; The annual sales volume of new commercial housing was 11.7 trillion, down 6.5% year-on-year;

　　Among them, the sales of existing homes increased by 19.3% year-on-year, the sales of forward houses decreased by 10.8% year-on-year, the prices of first-tier cities declined year-on-year, and the prices of second-and third-tier cities rebounded year-on-year, but the absolute level was still low. Among the sources of funds for real estate development, 19.1 trillion yuan was put in place this year, down 13.6% year-on-year, and the overall operating pressure of the real estate industry chain was great.

　　—— Company performance in 2023:

　　Affected by the continuous downward trend of the overall market of the real estate industry, the sales prices of some real estate projects of the company have declined, so it is necessary to test the asset impairment according to the requirements of accounting standards and extract reasonable impairment reserves. The total loss of asset impairment and credit impairment is-2.911 billion yuan, resulting in the company’s profit loss; On the other hand, during the reporting period, the consolidated sales amount decreased by about 7.65% year-on-year, and the corresponding reduction in the payment amount put a great pressure on the development payment, which increased the operating costs and expenses of the project, extended the development and construction cycle of some projects, and may further reduce the project income in the future. On December 31, 2023, the balance of cash and cash equivalents in Dima’s consolidated balance sheet was RMB 1.300 billion, and bank loans and other loans due within one year totaled RMB 10.366 billion. Considering the liquidity risk, Lixin Certified Public Accountants, the company’s auditor, issued an unqualified audit opinion on the company’s 2023 financial report with significant uncertainties related to going concern.

　　Under the pressure of declining sales of real estate business and repayment, the company continued to maintain liquidity stability by means of extension, interest rate reduction and interest payment first. In 2023, the company’s total interest-bearing liabilities were 14.377 billion yuan, down 8.11% year-on-year. The net cash flow generated by financing activities was-2.189 billion yuan, and the debt was still in a net repayment state, achieving a net operating cash flow of 1.116 billion yuan. In the face of huge liquidity pressure, all management and core employees always adhere to the principle of "not lying flat, surviving", strive to stabilize production and operation, and make every effort to ensure the progress and quality of project delivery to ensure financial security; Improve the company’s fund management ability and refined operation level, reduce costs and increase efficiency, and return particles to the warehouse; Optimize the organizational structure and performance, ensure the stability and efficiency of core backbone personnel, and polish stronger endurance and tenacity; According to the market and its own strategy, we will continue to flexibly change direction and speed, expand light asset business and non-housing business, find new directions, and gradually get out of the predicament.

　　1. The layout of intelligent manufacturing business is "going out to sea" and actively expanding overseas markets.

　　During the reporting period, while stabilizing the domestic market, Dima Industrial Special Purpose Vehicle gradually focused on overseas, explored and explored key markets, actively established stable sales channels and cooperative partnerships, enhanced the brand’s popularity in overseas markets, and laid the development foundation for the later "going out to sea" strategy. The company carefully incubates two robot brands, "Tingjie" and "Aoting", equips excellent R&D team, develops domestic and foreign sales outlets, builds a sales platform, and gradually realizes the all-round development of domestic and international two-way business through three intelligent products, namely orchard service robot, fire fighting robot and cleaning robot.

　　2. Continue to empower smart people’s livelihood services to help future development.

　　During the reporting period, the company’s property company, Tohara Hitoshi, increased its management area by nearly 20%, insisted on scientific and technological investment, built an all-round and three-dimensional safe and intelligent community, and continued to implement a diversified service format combination strategy covering residential, commercial, office buildings, government public buildings, industrial parks, hospitals, embassies, etc. In combination with the brand "Evergreen Society" of medical health care, we will focus on promoting the project landing and large-scale operation of the medical health care industry, focusing on the combination of medical care and health care, and developing an integrated platform for community home wisdom and old-age care with personalized needs of silver hair, so as to empower the smart people’s livelihood business to grow steadily in both directions.

　　3. Expand the business of building, selling and servicing, and focus on light to seek a breakthrough.

　　During the reporting period, in the face of the continuous downward pressure of the real estate market, the company made every effort to ensure the delivery of buildings, give full play to its competitive advantages in terms of product strength and online customer acquisition, expand light asset business such as agent construction and agency sales, establish an operating system for building and selling services, and strive to cross the industry turning point and painful period.

　　4. Maintain credit stability and fully guarantee liquidity safety.

　　During the reporting period, the company obtained the credit tracking rating from Far East Credit Rating Co., Ltd. to maintain AA+ and maintain the credit rating unchanged; During the reporting period, the company managed stably to guarantee delivery, and strived to extend the existing financing and renew loans. In mid-April, 2023, the asset-backed securities of the Sino-Thai Asset Management -SAC Building Trust Beneficial Rights Asset Support Special Plan were successfully renewed for three years, and the interest payment of the non-public issuance of special corporate bonds for housing leasing was completed, and investors did not exercise the option of selling back, which continued to gain the trust of financial institutions and the recognition of the capital market.

　　5. Adjust and optimize the organizational structure to achieve high-efficiency management.

　　During the reporting period, the company actively responded to the current market situation, continuously improved and optimized the internal organizational structure, achieved streamlined and efficient management, and further reduced costs and increased efficiency. In terms of organizational structure, during the reporting period, the company continuously made strategic adjustments, and completed a series of actions, such as organizational transformation, fighting capacity improvement, and stable efficiency improvement, to maintain the stability of core talents and ensure the salary, benefits and career development of core talents.

　　(II) Key work in sub-sectors

　　

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

　　In 2023, the domestic and international environment is still complicated, and global geopolitical risks and the continuous interest rate hike by the Federal Reserve also bring about global capital market turmoil. The downward trend of exports and the adjustment of domestic real estate market have suppressed the recovery of domestic demand to a certain extent, which has brought different degrees of pressure on economic growth, employment and prices. China’s steady growth policy has continued to increase, and the overall economy has maintained a rebound momentum, basically in a stable range.

　　1. Intelligent manufacturing plate

　　1) Special purpose vehicle manufacturing

　　From the perspective of special vehicle segmentation, the market share of new energy vehicles will continue to increase in 2023, from 25.6% in 2022 to 31.4% in 2023. With the technical progress and supply upgrade of new energy vehicles continuing to iterate, the subsequent special vehicle market will gradually continue to transform from traditional energy to new energy. The rapid development of the export of special purpose vehicles is also one of the important changes in 2023. In 2023, the export of special purpose vehicles was 36,000 units, up by 48% year-on-year. Although the demand for bulletproof vehicles decreased slightly due to the change of national payment habits, the overseas market space is still large. At the same time, at the moment when "safe production" is becoming more and more important, the market demand for public safety and emergency integrated vehicles such as fire fighting, medical treatment and emergency communication rescue is increasing, especially for special vehicles such as medical rescue, disinfection and prevention, and emergency communication. In addition, with the gradual recovery of residents’ service consumption and strong travel demand, the airport passenger traffic has improved significantly compared with 2022, which is also conducive to the normalization of the airport special vehicle market.

　　2) Robot business

　　In the past two years, with the support of industrial policies, industrial robots and service robots have developed steadily as a whole. The state has continuously improved the industrial policy of developing intelligent manufacturing, accelerated the intelligent transformation of traditional manufacturing industries, and encouraged and supported industrial enterprises to develop in the intelligent direction. Although the output of industrial robots decreased by 2.2% year-on-year in 2023, the Ministry of Industry and Information Technology, the Ministry of Science and Technology and other departments issued the "Robot Plus" Application Action Implementation Plan in 2023 to further support and promote the development of industrial robots. In 2023, the output of service robots increased by 23.3% year-on-year, and the market scale of new robots such as medical robots and fire fighting robots in service robots also gradually increased. With the continuous integration of new generation information technology, biotechnology, new energy technology, new material technology and robot technology, the function and performance of robots will be greatly improved, which will further promote the application and development of robots.

　　2. Urban operation plate

　　1) Real estate development

　　In 2023, under the guidance of the general tone of "policy for the city", in addition to increasing the stability of the real estate market at the central level, local policies also continued to introduce large-scale favorable policies, including the first-tier cities with relatively tight previous policies, and also relaxed the policy of "recognizing the house but not the loan". Second-and third-tier cities also increased their support, including reducing the down payment ratio, lowering the mortgage interest rate, relaxing restrictions on purchases and sales, increasing the amount of provident fund loans, housing ticket placement, and housing subsidies. However, affected by residents’ wait-and-see mood, the overall real estate supply and demand remained weak throughout the year, and the market continued to decline.

　　1. Development investment

　　From the investment format, residential investment is still the mainstream. In 2022, the national investment in real estate development decreased by 9.6% year-on-year, of which residential investment accounted for 75.6%, and the amount decreased by 9.3% compared with the previous year, which was less than the non-residential investment such as commercial real estate (-10.5%). The planned construction area of residential land transactions nationwide decreased by 26.4% year-on-year. Under the background of weak real estate sales and tight capital turnover, the willingness of housing enterprises to take land has also decreased significantly.

　　2, construction and new construction

　　In 2023, the construction area decreased by 7.2% compared with last year, and the newly started area decreased by 20.4%, which was significantly larger than the overall construction area and real estate sales area. Under the background that real estate sales continued to weaken and the liquidity pressure of housing enterprises remained high, the decline in return on investment and the limited new financing were still suppressing the willingness to start new projects.

　　3. Sales area, sales amount and average sales price

　　In the whole year, the sales area and sales amount of new commercial housing in China were 1.117 billion square meters and 11.66 trillion yuan, respectively, down 8.5 and 6.5 percentage points from the previous year. The average price of sample residential houses in Baicheng is 16,185 yuan/square meter, which is basically the same as that in 2022.

　　From the perspective of the region, real estate sales in various places continue to weaken, and the decline rate is obviously differentiated. First-tier cities just need to be relatively sufficient, and the decline in real estate sales in the eastern region is relatively small. The sales amount fell by 5.7% year-on-year, which is better than the national average, while in the central region,

　　The sales amount in Northeast China decreased by 11.2% and 7.8% respectively.

　　Generally speaking, the real estate market is under pressure from many sides, the house price and transaction scale are weak, the activity of supply side and demand side is low, residents have obvious wait-and-see mood, and real estate sales continue to weaken. However, in the long run, China’s residents’ balance sheets are relatively healthy, with a substantial increase in savings in the past two years, followed by a continuous increase in policies to stabilize residents’ expectations, and a more balanced new urbanization layout. The purchasing power of real estate accumulated in first-tier cities is expected to boost the gradual release of demand for housing in second, third and fourth-tier cities, and the demand for real estate needs to be stabilized.

　　2) Urban renewal

　　The construction of the "three major projects" such as the transformation of urban villages in 2023 is an important starting point for steady growth. In April and July, the Politburo meeting clearly emphasized actively and steadily promoting the transformation of urban villages in megacities. In July, the policy details were promulgated and the Central Economic Work Conference continued to emphasize that the central bank also added 500 billion PSL quota support, and urban renewal in various places is expected to accelerate. Some cities, such as Guangzhou, have tried first, and all localities have actively explored new modes and paths. "Government-enterprise cooperation" has become an important mechanism to promote urban renewal into the fast lane and help cities develop with high quality. Urban renewal has brought new development opportunities to the business management industry.

　　3. Smart People’s Livelihood Plate

　　1) Property services

　　In 2023, the policy of "guaranteeing the delivery of buildings" was actively promoted, and at the same time, the increase in existing home sales also promoted housing enterprises to speed up the completion of existing homes. The completed real estate area increased by 17% year-on-year. According to the data of the China Central Index Research Institute, from the perspective of the management scale of listed companies in Hong Kong stocks, in the first half of 2023, the average management area of listed companies reached 140 million square meters, up 27.7% year-on-year, slightly higher than the same period last year.

　　（24.4%）。 In terms of structure, according to the published data for the first half of 2023, the performance of central enterprises is still the most outstanding, with revenue increasing by over 20%, local state-owned enterprises increasing by 18.44% year-on-year, while private property enterprises are also relatively stable, with an average revenue growth rate of 6.7% year-on-year, which shows the overall situation of increased concentration and stronger players. At present, high quality has become the "main theme" of the industry. Under the background that the industry development returns to the essence of service, the differentiated service quality formed by property enterprises based on their own service capabilities is becoming an important factor in evaluating the development capabilities of enterprises. Improving satisfaction with quality service and winning the trust of owners is the consensus and trend of property service enterprises, and will lead the industry to develop in a healthier and sustainable direction.

　　2) medical rehabilitation

　　With the acceleration of China’s population aging process and the decline of working-age population, the dependency ratio of the elderly population has increased. According to the latest population data of the National Bureau of Statistics, by the end of 2023, the population of China aged 65 and over will be 220 million, accounting for 14.9% of the total population in 2022 to 15.4% in 2023, and the demand for old-age care will gradually increase in the future. At the same time, with the continuous improvement of per capita GDP, the consumption market of the elderly group has not only increased in volume, but also diversified in demand. Combined with overseas experience, the consumption tendency of the elderly is also high. At present, China’s pension-related enterprises are still in the process of continuous exploration and improvement, and the supporting professional medical service personnel, elderly health care products and mature market-oriented pension health care institutions are still lacking. At present, China has gradually formed the "9073" pattern of providing for the aged, that is, about 90% of the elderly are providing for the aged at home, about 7% rely on community support and 3% live in institutions, which will be gradually optimized with the improvement of the health care policy system and the formation of the industrial ecological system.

　　

　　Iii. Business of the Company during the reporting period

　　During the reporting period, the company engaged in the following three business segments: intelligent manufacturing, urban operation and smart people’s livelihood:

　　(A) intelligent manufacturing sector

　　1, special vehicle manufacturing

　　1) The performance is basically stable.

　　Dima Industrial’s overall order revenue, gross profit and net profit decreased slightly compared with last year, achieving an operating income of 791 million yuan, a decrease of 17.70% compared with last year, and a decrease of 2.13 percentage points in gross profit margin. During the reporting period, with the change of payment methods, the demand for bulletproof vehicles declined, but the company’s fire protection market, emergency market, public security market and operator market still maintained the first market share; With the increasing demand of emergency special market, the order of large emergency communication vehicles increased by about 39.16% year-on-year; Orders for new energy vehicles increased by 177% year-on-year.

　　During the reporting period, Dima Industry ranked among the top 100 private manufacturing enterprises in 2023, and won the titles of "Chongqing Technological Innovation Demonstration Enterprise", "Chongqing Enterprise Innovation Award", "Chongqing Artificial Intelligence Industry Development Alliance Governing Unit" and "Chongqing Excellent Private Enterprise", which is the recognition of Dima Industry’s technical strength.

　　2) Continue to invest in innovation and develop new technologies.

　　In the reporting period, the company carried out 36 R&D projects, including emergency communication, operation rescue, pure electric aircraft tractor, aircraft power supply vehicle, safety berthing system and mobile CT medical vehicle, and developed 18 new products, including extended bulletproof cash transport vehicle, nuclear and biochemical multifunctional detection fire truck, small equipment fire truck, ultrasonic inspection vehicle, mobile CT vehicle and multi-link extension mechanism.

　　During the reporting period, the company applied for and authorized 101 patents, including 6 invention patents. The company independently developed and completed the first multi-functional nuclear and biochemical fire truck in China, which has the ability of nuclear and biochemical detection and decontamination; Two-stage/three-stage side pull realizes performance improvement and verification, and realizes product marketization; Pure electric aircraft tractor uses the latest three-electric integration technology to improve the stability of electrical system.

　　In the aspect of joint research and development between schools and enterprises, the company cooperated with Chongqing University of Posts and Telecommunications to undertake the special key research and development project of Chongqing’s technological innovation and application "Research and Development and Application of Multi-modal Coordination and Transportation Control System for Special Vehicles in Typical Scenes"; In the national key research and development plan "Distribution and Detection of Covid-19 Variants of Sewage", which is led by the Physical Evidence Identification Center of the Ministry of Public Security and undertaken by many related research institutes, Dima Industry participated in the research and development of one of its sub-projects "Research on Integrated Automated Mobile Equipment for Covid-19 Detection and Analysis in Sewage".

　　3) Build a quality management system and complete large-scale guarantee tasks.

　　Dima Industry has further promoted the quality control system of the whole process, and established a series of detailed rules and standard control documents in the aspects of quality system construction and evaluation, product development, manufacturing process and supplier quality management, and quality assessment and post-evaluation. During the reporting period, the company provided 31 after-sales service technical support and guarantee for disaster rescue, large-scale activities and emergency drills in 21 provinces and cities, including escorting the launch of Shenzhou 16, Hangzhou Asian Games and Gansu earthquake rescue.

　　4) Actively expand foreign business and realize the growth of export business.

　　During the reporting period, Dima Industry focused on Africa, the Middle East and Southeast Asia, explored key markets, and landed in government projects in C? te d ‘Ivoire and emergency communication vehicle projects in Hong Kong Telecom.

　　2. Robot business

　　The company’s "Tingjie" and "Aoting" robot brands, product applications cover urban emergency management (fire protection, communication security, dangerous accident handling), agricultural operations, logistics operations, safety inspection and cleaning maintenance.

　　1) Increase investment in scientific research and steadily realize product development.

　　The company’s "Tingjie" fire-fighting robot inherits the advantages of Dima Industry in the fields of public security, emergency and communication for more than 20 years, and the sales orders of fire-fighting robots have been completed in batches, which has outstanding advantages such as large flow, strong power, high passability and explosion-proof safety, effectively improving rescue efficiency and ensuring life safety; Multifunctional riot detection robot realizes order contract; Pre-detection communication robots and other products were unveiled at the 11th China International Police Equipment Expo, which helped the smart police to build a visual, manageable and usable information capability and provided an integrated overall solution for police actual combat.

　　The intelligent agricultural special robot developed by the company "Tingjie", with its self-developed "RCU" control platform technology, has created the industry’s top mobile chassis of the vehicle-gauge robot, and created an all-terrain chassis technology platform by using the design technology of balance, suspension and swing arm crawler wheel to meet the requirements of all-terrain robot operation. It has deeply explored the integration of modern agricultural needs and cutting-edge technology, and launched an agricultural plant protection robot with multi-function, modularization, high durability and easy maintenance.

　　Aoting Robot, a subsidiary of the company, focuses on the research and development of waterless commercial cleaning robots. At present, it has applied for more than 66 intellectual property rights, and is committed to providing "clean+"intelligent solutions for customers in commercial and industrial fields, redefining the cleaning standards in the field of intelligent cleaning, and won the "INCLEAN Innovation Excellence Award of ISSA, a global cleaning association".

　　2) Layout the international market and expand the global business.

　　During the reporting period, the company officially laid out overseas markets, and its products were unanimously recognized by overseas customers. Aoting cleaning robot products have been exported to Singapore, Hongkong, Taiwan Province, Australia, Saudi Arabia and other regions. At present, the company has set up five sales and after-sales service centers in China, and there are 70+ service outlets in the country, with an accumulated service area of 11 million square meters and an accumulated service time of 66,000 hours.

　　(2) Urban operation sector

　　1. Real estate development

　　During the reporting period, due to the continuous downturn of the market, the overall operating income of the company’s real estate was 15.742 billion yuan, down 22.03% year-on-year, and the gross profit margin was 12.47%, down 10.46 percentage points. Dongyuan Real Estate firmly guaranteed the delivery work throughout the year, maintained steady operation and liquidity safety, upgraded and adjusted the organizational structure, reduced costs and increased efficiency, refined operation, expanded the business of agent construction and agency sales, helped the development of light assets business, and fully responded to the systemic risks of the industry.

　　1) Ensure the completion of the delivery work, operate steadily and practice long-termism.

　　Dongyuan Real Estate combines the company’s actual situation and market environment, completes the development and construction of stock projects, improves the quality of projects and services, and ensures the timely delivery of projects. In the still strict market environment, the delivery of about 25,000 sets of 41 projects and 55 groups was completed in the whole year, and the number of delivery sets increased by about 4% compared with last year. In the whole year, 189 quality inspections were completed, involving 30 key projects, and the delivery quality of project facades and public areas was significantly improved compared with last year. During the reporting period, Dongyuan Real Estate continuously upgraded various management and control systems such as financing, investment, marketing, operation, etc., and strived to improve efficiency and quality in operation, and won the honors of "TOP50 Comprehensive Strength of China Housing Enterprises" and "TOP30 Brand Value of China Housing Enterprises".

　　2) Vigorously expand the light asset business of "building and selling clothes"

　　While stabilizing the basic operation of the re-investment project, we will establish an operating system for building and selling services, form a white paper and a management manual for building and selling services, and adhere to the strategic transformation of value creation, one policy, and assistance. During the reporting period, the company undertook a total of 14 construction and sales service projects, with a contracted amount of 283 million yuan, covering the whole process of agent construction, consignment, consulting, escrow, urban renewal and other types.

　　The company actively tries to explore and implement the dreamer business model, inherits the excellent genes of Dongyuan Real Estate, integrates the advantages of Dongyuan Real Estate in product research and development, precision work quality and supply chain, and is committed to providing customers with the whole construction, main and auxiliary materials and home improvement services integrating design, customization, soft decoration and home appliances, and quickly completes the layout in more than 10 cities such as Chengdu, Chongqing, Wuhan and Mianyang, with a total of 143 sets of contracts signed, with a contracted amount of 12.24 million yuan.

　　3) Product strength is continuously upgraded to realize value transfer.

　　Dongyuan Real Estate continues the core service orientation of "customer value first", realizes the lean design of products, and deeply digs into the general layout and the ultimate value of individual products; Through the innovative "customer value group", we provide professional auxiliary support for accurate distribution of product value, realize seamless connection from market research to R&D, deeply interpret customer needs, tap product potential, and ensure that product value is delivered to marketing and customers without loss. During the reporting period, its projects won the honors of "Gold Award for Real-life Display of Asian Habitat Landscape Award", "Gold Award for Residential Landscape (Region) of the 10th Garden and Metallurgical Cup Professional Award", "Silver Award for Urban Renewal of Global Habitat Design Award" and "Silver Award for International Residential Building of London Design Award".

　　4) Optimize internal structure and management system, and strengthen marketing management.

　　Dongyuan Real Estate actively responded to market changes, adjusted its internal structure and business strategy, optimized its internal management level, and returned the particles to the warehouse to reduce costs and improve efficiency.

　　In terms of marketing management, we will make full efforts to acquire customers, build and improve the marketing model and organizational ability of online customer acquisition, customer operation and maintenance, and self-expansion of customers, so as to increase efficiency and reduce costs. In the field of online customer acquisition, Dongyuan has built a customer acquisition team in Tik Tok, including sales and self-incubation. Based on the short-straight and double-opening customer acquisition model, the monthly turnover has broken 100 sets, accounting for 20% of the transactions; On this basis, the company created a series of professional classes of "Training in Actual Combat", which summarized and precipitated a set of actual combat tactics of the developer’s platform sales in Tik Tok, and successfully trained and exported the professional ability.

　　2. Urban renewal

　　Dongyuan Zhixin has the ability to develop and operate composite space, with both light and heavy assets. Relying on the comprehensive business management ability of investment, financing, construction, management and retirement, it focuses on non-standardized project scenarios and integrates the comprehensive services of urban renewal. At present, Dongyuan Zhixin operates 6 commercial projects with a total operating area of 391,000 square meters, covering shopping centers, office buildings and community businesses. During the reporting period, Dongyuan Zhixin adhered to the concept of organic renewal and long-term operation, continuously established its ecological capacity around "business+"products in the field of urban renewal, provided a good long-term asset management service plan for its clients’ assets, and became one of the "Leading Brands of China Real Estate City Renewal" in the 2023 China Real Estate Brand Value List of China Central Academy of Sciences.

　　(3), wisdom and people’s livelihood plate

　　1. Property services

　　1) Diversified business development, continuous deep cultivation to achieve scale.

　　During the reporting period, under the background of fluctuating macroeconomic environment and increasingly fierce market competition, Hihara Hitoshi continued to build a diversified service portfolio covering residential buildings, commercial complexes, Grade A office buildings, government public buildings, industrial parks, hospitals, embassies, etc., and achieved breakthroughs in many new formats such as universities, airports, State Grid, subways, troops, Asian Games venues, etc. By December 31st, 2023, Hihara Hitoshi had operated and managed 573 property projects in 76 cities in China, with a total construction area under management of about 60.2 million square meters, up about 19.0% year-on-year. During the reporting period, the company continued to pay attention to changes in market demand, coordinated and coordinated regional resource sharing and complementary advantages, strengthened the horizontal alliance between regional and professional BU, expanded the synergistic effect, broadened the market contact area, planned the high-quality market development structure, and continued to create a beautiful city.

　　2) Continue to empower science and technology and build a digital system.

　　During the reporting period, Hihara Hitoshi adhered to the investment in science and technology, and helped to build a digital system in many aspects, including East Station applet, material procurement platform, financial information system optimization, unified data platform construction, etc., and comprehensively laid out four intelligent sectors, namely "Smart Bank", "Smart Eye", "Smart Union" and "Smart Management", as well as the IOT smart community platform, integrating security precautions, video surveillance, online alarm, command and dispatch, and emergency management. The company embraces AI in an all-round way, makes use of large-scale model technology at home and abroad, and constantly explores the combination of AI and business in combination with business conditions. At present, it has been applied in two market management scenarios.

　　3) Enhance brand awareness and service quality.

　　Hihara Hitoshi continued to deepen the construction of the internal service system, and made continuous efforts in five categories: property renewal, on-site hardware, customer relationship maintenance, contact service and community activities. Enhance the deep link with customers through community activities such as old friends’ life festival and holiday festivals; Linkage platform, Mercure, renting and selling to create a community life market, providing owners with beautiful life services such as clothing care, purchasing daily necessities, maintaining household appliances, and renting and selling real estate; Continue to operate 400 call centers to conduct distributed full coverage research on all customers, so as to achieve normal customer service. During the reporting period, Tohara Hitoshi perfected and formulated such systems as "Reporting Management System", "Quality Management System" and "Quality Red Line and Management Risk Checklist", and won more than 20 awards such as TOP16 of comprehensive strength of China property enterprises in 2023, TOP15 of super service of China property enterprises in 2023, and Excellent enterprise of sustainable development of international property management services in 2023. In the customer satisfaction survey of Saiwei Consulting in Beijing in 2023, Hihara Hitoshi kept the top position in the industry with 91 points.

　　2. Health care

　　1) The company’s brand "Evergreen Society" strives to promote the project landing and large-scale operation of the medical and health care industry, and relies on four major pension products: home community, institutional pension, nursing and rehabilitation institutions and specialized institutions, focusing on the layout of high-end institutional pension and community home pension projects. The company has a pension service management information platform suitable for business management needs, which covers customer management, sales contract management and standardized evaluation of nursing level, and builds an intelligent management platform for all business information with modules such as operation, finance, medical service management, quality control and visual analysis (BI) of operation decision. Through the multi-scenario business practice of medical treatment+institution+community site+home medical care combined with four-level linkage mode, the integrated platform of community home-based smart pension-Changqing Community Care and Management Platform is developed to meet the individual needs of the elderly, which covers the functions of elderly management, home-based care bed construction, home-based care service, home-based smart security monitoring and management, meal assistance service, online service order placing, community home-based smart big screen and so on. During the reporting period, Changqing Society completed the formulation and training of version 1.0 of the standardized operation and management of cognitive disorders, and three institutions were certified as "cognitive friendly institutions"; Evergreen Society was selected as the 25th "China Kangyang Industry Operator with Comprehensive Strength" in Yihan Think Tank, and was shortlisted in the "List of Advanced Units and Advanced Individuals in National Pension Service to be commended" by the Ministry of Civil Affairs, and its two institutions were selected as "the first batch of smart pension application pilot demonstration in Chongqing".

　　2) During the reporting period, Evergreen Society established two old-age care institutions in fengjie county, Chongqing. At present, it operates one vocational training school, 12 old-age care institution projects, nearly 50 community service stations, and more than 2,000 beds, serving more than 20,000 customers, with a stable business scale. In the education business, the company provides vocational skills training, and the training base covers an area of 2,100 square meters. It has become the training base and appraisal base of the National Vocational Skills Appraisal Institute of Chongqing Municipal Health and Wellness Commission, and cooperates with famous experts from domestic top three hospitals and famous doctors’ studios to focus the courses on professional training sheets in health fields such as Chinese medicine, health care, nutrition and health. In the field of education for the aged, "Evergreen Show" is a middle-aged model training brand under Evergreen Society Education, which mainly carries out catwalk training courses for middle-aged models and provides training and exchange services related to art, culture and public welfare.

　　

　　Iv. analysis of core competitiveness during the reporting period

　　1. Intelligent manufacturing sector

　　1) Competitive products and leading brand advantages

　　Dima Industry is committed to building a leading special-purpose vehicle brand in China, focusing on the research, production and sales of high-tech special-purpose vehicles, and establishing a domestic first-class special-purpose vehicle production line and production technology management system. It is a service provider of special-purpose vehicles and emergency industries with great strength and scale. The company has more than 300 kinds of products, such as emergency rescue support, bulletproof cash transport, airport ground equipment, robots, mobile service equipment, smart cities, etc. Its series of bulletproof cash transport vehicles, emergency communication command, network and information security, emergency rescue, medical fire protection and other system integration vehicles rank in the leading position in the industry all the year round, and it is a leading enterprise in emergency communication and emergency support equipment and services in China. Airport ground equipment series is also very competitive.

　　2) Advanced R&D technology and innovative ability

　　Dima industry adheres to the innovative concept and continues to invest in research and development. The company actively enhances its independent R&D and innovation capabilities, and has the ability to pass the production qualification examination and intellectual property declaration. Dima Industry has continuously optimized its products and upgraded its production technology, broadened its product spectrum and actively developed new products. At present, Dima Industry and its subsidiaries have authorized and accepted more than 400 patented technologies and intellectual property rights, and have cooperated with universities and research institutions for a long time for special declaration. The company has set up an intelligent network development team. Through the product development and production of emergency communication command vehicle, super-large national emergency mobile command platform, emergency base station vehicle, logistics support vehicle, on-site disposal vehicle and other models, it is equipped with intelligent IOT systems with independent intellectual property rights, such as multi-vehicle interconnection communication system, centralized control system, multi-network unified communication system, remote monitoring system, front-line emergency command system, etc., to solve the practical needs of information interconnection for customers.

　　3) Excellent quality control and after-sales service system

　　Dima Industry optimizes the certificate issuing process, after-sales expense process and newly announced prototype inspection process, formulates the certificate issuing management system and the announced prototype inspection management system, and establishes the robot APQP system document; Through the supervision and audit of ISO9001, ISO14001, ISO45001, ISO27001 and after-sales seven-star management system, the three-level management mode of customer communication, feedback and complaint mechanism is adopted to ensure product quality in multiple dimensions. The company has GB/T27922 certificate of perfection of after-sales service system and GB/T22080 certificate of information security management system, which optimizes the PDI work of customers’ vehicles and improves the satisfaction of customers’ vehicles. The quality department and the service department form a regular communication mechanism, and through training, the service personnel and the quality management personnel form a collaborative process, so that the customer feedback can get the fastest response and feedback, and bring high-quality user experience to customers.

　　4) Have a professional intelligent robot product line.

　　The company’s robot business has a professional team. Relying on the laboratory resources of colleges and universities, Aoting Robot innovates and changes the commercial clean robot technology, and independently develops 10,000-centimeter SLAM navigation technology, clean adaptive pressure and speed technology and HIAT-3D-Fusion environmental sensing technology with 8 categories and 20 sensor integrations, which has achieved the leading generation difference technology in the industry and will gradually become a world-class excellent robot enterprise integrating production, research and research in the future. Tingjie Robot focuses on the field of special robots and service robots, and makes use of the advantages of integration, communication and large manufacturing system for more than 20 years to build a professional data service platform+intelligent emergency, intelligent security and intelligent agricultural special robots, develop common core technologies and product platforms such as human-computer interaction, motion control, sensory transmission, explosion-proof and bulletproof, and strive to become a service provider of special robot equipment and solutions.

　　2. Urban operation plate

　　1) Fine management of balance between supply and marketing, and gradual transformation of both light and heavy.

　　Dongyuan Real Estate adheres to stable operation, ensures the delivery of products with high quality and good reputation in large quantities, runs through fine operation and safety management, dynamically reviews the ratio of storage to sales and balances the supply, marketing and storage structure based on inventory quantity, inventory structure, local market and actual flow rate; According to the rigid capital demand of the project, plan the supply rhythm, avoid the risk of supply interruption, make the project operation more reasonable and stable, and ensure the safe operation and stable development of the company. While stabilizing the basic operation of the re-investment project, we will quickly establish the operation system of building and selling clothes, which has the ability to expand and promote rapidly, and help the strategic transformation of both light and heavy.

　　2) High-quality competitive advantage of total product strength

　　Dongyuan Real Estate has always adhered to the product core orientation of "customer value first", and from the three dimensions of product, service and community operation, combined with the exploration and study of family and community life pain points and customer life needs, it has deeply explored the iterative upgrade of Dongyuan Real Estate products and services, forming Dongyuan’s unique big product brand. Ingenuity has created residential product brands such as "Printing the Yangtze River", "Printing", community-operated products and brands such as "Yuan-Ju Chang" and "Tong Meng Children’s Enjoy", and created a large productism with iteration, innovation, interconnection and co-creation, which is widely recognized by customers.

　　3) Maintain matching enterprise management efficiency.

　　Dongyuan Real Estate has an efficient and comprehensive enterprise management system, with clear organizational rights and responsibilities. In addition to the traditional "two management and two control", that is, managing plans, goods value, profits and cash flow, it has a professional and stable output, focusing on solving specific project problems, and can quickly penetrate and get through at the three levels of group, region and project, and make quick decisions and implementation, so as to avoid redundant processes and decision-making mechanisms from affecting business advancement. With the continuous deterioration and downturn of the market, the company can match the overall strategic deployment of the organization at each stage, clarify the key points, formulate strategies, and form a closed-loop iterative evolution of "organization-business-responsibility-landing" to meet the increasingly demanding requirements of the real estate market for the real estate operation system.

　　4) Excellent corporate culture and talent team to maintain market competitiveness.

　　Dongyuan Real Estate takes "for a new day" as its purpose, and has excellent employees and teams that meet the corporate cultural characteristics of "enterprising, keen and cooperative". It not only has high consensus, strong synergy and cohesion, but also has high pressure resistance and strong learning ability. Being able to keep up with the market’s rapid response and actively innovate and empower, it provides a talent guarantee for the long-term development of the company, and also provides an organizational guarantee for the promotion of the company’s competitiveness and corporate image.

　　5) Ability and experience in urban renewal.

　　Dongyuan Zhixin has the differentiated core competitiveness of complex space management and innovative content incubation, the ability of long-term operation-oriented planning design and the ability of full-cycle asset management to build urban renewal projects. According to the characteristics of the renewal business, the company re-planned and integrated the full-cycle business capabilities precipitated by previous organizations, and split them into different modules, such as policy consulting service, EPC management consulting, start-up and operation management, brand and content marketing service, asset planning and asset management advice, to meet the pain points of customers at different stages and in different scenarios.

　　3. Smart People’s Livelihood Plate

　　1) Rapid development of quality property management services

　　Hihara Hitoshi is committed to being a multi-format comprehensive service provider in the city, creating a multi-service format covering residential buildings, commercial complexes, Grade A office buildings, government public buildings, industrial parks, schools, hospitals, embassies, etc., and adhering to the development strategy of "big property-full value", forming a business pattern of both residential and non-residential double tracks, and realizing the comprehensive service advantage of IFM (integrated facility management service) professional empowerment. Adhere to the market-oriented transformation, and constantly innovate the service mode. The service scope covers East China, West China, Central China and Southwest China, and provides customers with property city services, better life services and comprehensive services such as foreign affairs, science and technology, and medical care. The three business lines complement each other, which is conducive to the continuous growth of the management scale of Dongyuan Renzhi and the continuous expansion of the market territory.

　　Tohara Hitoshi diligently explores customer needs, continuously improves the service experience, and meets customers’ differentiated needs in all directions through "Tohara", value-added service brands "Original Life", "Original Housekeeper" and innovative community operation products "Original Gathering". Hihara Hitoshi adheres to the service concept of "high growth+high customer satisfaction", always regards comprehensive residential services as the cornerstone of enterprise development, constantly improves property services and operational management capabilities, customizes value-added services around industry characteristics, and accumulates excellent reputation for property services and corporate honor; Hihara Hitoshi accelerates the development of non-residential business, explores value-added service opportunities for non-residential projects, innovates services and builds differentiated competitive advantages.

　　2) Deeply cultivate the service and quality of old-age care.

　　Di Ma Changqing Society has been deeply involved in Kangyang for many years, and has accumulated rich operating experience, and has a certain familiarity and sensitivity to the industry. As a comprehensive kangyang chain company, Evergreen Society’s four-level service circle, which combines medical care, old-age care institutions, community sites and home-based services, continues to deepen its layout to better achieve synergy and economic benefits. The company has diversified its business structure, with the old-age service as the core, and developed services related to big health vocational education and training, old-age education and silver hair consumption; Relying on Changqing Society’s professional and comprehensive service ability for the aged, it has developed from the center to the surrounding areas, reached in-depth strategic cooperation with the governments of the surrounding areas, civil affairs, health and health committees and other departments, and created benchmark pension projects by upgrading local pension facilities and services to meet the high-quality local pension needs of the elderly.

　　

　　V. Main operations during the reporting period

　　In 2023, the operating income was 18,301,217,300 yuan, a year-on-year decrease of 19.69%; The net profit attributable to shareholders of listed companies was-3,650,897,900 yuan, down 4.40% year-on-year; The asset scale was 56,488,600,500 yuan, a year-on-year decrease of 19.73%; The net assets were 8,071,324,100 yuan, a year-on-year decrease of 35.12%; The net operating cash was 1,115,643,100 yuan, a year-on-year decrease of 42.19%. Among them, the main business income of the urban operation sector was 15,888,464,400 yuan, a year-on-year decrease of 22.37%, and the main business income of the intelligent manufacturing sector was 790,746,300 yuan, a year-on-year decrease of 17.70%.

　　

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

　　(A) the industry pattern and trends

　　1. Intelligent manufacturing plate

　　1) Special purpose vehicle manufacturing

　　The application of special purpose vehicles is extensive and professional, and there are many market segments. The operation requirements and demand of special purpose vehicles in different application scenarios are also quite different. At the same time, with the development of intelligent manufacturing, special purpose vehicles are gradually deeply integrated with advanced technologies such as new energy and intelligent networking. Since 2023, "going out to sea" has gradually become the positive development direction of various enterprises, and the automobile export in 2023 is also very strong, which also brings new ideas for the breakthrough of the special purpose vehicle market in the future. Under the background of increasingly diversified application fields and increasing global geopolitical uncertainty, the market demand for public safety and emergency integrated vehicles such as fire fighting, medical treatment, emergency communication and rescue is increasing due to the need of prevention and treatment of safety, health and natural disasters. It has great development potential for special purpose vehicle manufacturing enterprises with strong R&D strength and scale advantages, and can quickly and effectively integrate new energy, emergency safety, intelligent manufacturing, etc., and launch green and environmentally friendly emergency application products with high technology added value to meet market demand.

　　2) Robot business

　　In 2023, the Ministry of Industry and Information Technology and other 17 departments issued the "Robot+"Application Action Implementation Plan, proposing that by 2025, the density of manufacturing robots will double compared with that in 2020, and the application depth and breadth of service robots and special robots will be significantly improved, and the ability of robots to promote high-quality economic and social development will be significantly enhanced. With the continuous progress of technology and the continuous expansion of application scenarios, the development momentum and broad market prospects make it a strategic highland for countries to compete for. As an important branch of the robot industry, industrial robots are mainly used in the production lines of automobile, electronics, food, medicine and other industries. By improving production efficiency and accuracy, industrial robots can help enterprises reduce costs and enhance their competitiveness. With the continuous progress of artificial intelligence technology, service robots have also begun to rise rapidly, and their application scenarios are becoming more and more diverse, covering many fields such as family services, business services, medical care, etc. I believe that the application scope and influence of robots will be more and more in the future.

　　2. Urban operation plate

　　1) Real estate development

　　In 2023, the overall real estate policy was favorable, but the performance of real estate sales remained sluggish, and customers took a wait-and-see attitude because of concerns about the delivery risk of faster houses and the risk of house prices. At present, the real estate policy has gradually shifted from demand side to stable supply. The Central Economic Work Conference once again emphasized actively and steadily resolving real estate risks, meeting the reasonable financing needs of real estate enterprises with different ownership equally, and promoting the stable and healthy development of the real estate market. In 2024, the Central Economic Work Conference and the National People’s Congress put forward clear requirements for optimizing the real estate policy and promoting the stable and healthy development of the real estate market, demanding to adapt to the development trend of new urbanization and the changes in the supply-demand relationship in the real estate market, speeding up the construction of a new real estate development model, increasing the construction and supply of affordable housing, improving the basic system related to commercial housing, meeting residents’ rigid housing needs and diversified and improved housing needs, helping to alleviate residents’ wait-and-see mood and promoting the normal release of stock savings. In the medium and long term, under the background of great changes in the relationship between new urbanization and real estate supply and demand, with the further optimization of the basic system of commercial housing, the orderly promotion of the "three major projects" such as affordable housing construction, "emergency and emergency" public infrastructure construction and village-in-city reconstruction, the new model of real estate development is expected to gradually become clear.

　　2) Urban renewal

　　The Outline of the 14th Five-Year Plan points out that it is necessary to further promote the new urbanization strategy with people as the core and implement urban renewal. In 2023, the Central Economic Work Conference also placed "new urbanization" in an important position in the new development model of real estate, and at the same time clearly emphasized the promotion of the urbanization rate of the registered population, which is still low at present. In the long run, China’s urbanization space is still large, and the deepening of industrialization has the effect of driving urbanization, and it can also bring about a smoother urbanization process of population flow. With the development of urban agglomerations, the second, third and fourth lines with good infrastructure, friendly business environment and affordable operating costs are expected to usher in more population inflows and industries in the future, bringing opportunities to the development and operation of commercial real estate in third-and fourth-tier cities. At present, all cities are actively promoting the formulation of supporting policies, steadily and orderly promoting urban renewal actions and promoting the implementation of urban renewal projects. How to highlight differentiation, individualization and customization in positioning and format, how to link service industries, effectively promote urban renewal, innovate value-added services, and meet market and consumer demand are the challenges that commercial operation management needs to face.

　　3. Smart People’s Livelihood Plate

　　1) Property services

　　At present, the scale of enterprises in the property service industry is growing continuously, but the differentiation is also more obvious. The leading edge of head enterprises is further expanded and the market concentration is improved. Under the background that the real estate policy is gradually shifting to stable supply and promoting the policy of guaranteeing the delivery of buildings to stabilize the market players, a large number of pre-sold commercial houses are expected to be completed and delivered gradually, and industries with post-real estate cycle chain such as property services are expected to usher in a gradually better business environment. In addition, with the increase of per capita GDP, consumer service requirements will be further improved, and the attention to the quality of property services will be improved. How to continuously improve the overall value of property enterprises and meet the demand for consumer quality is the embodiment of the differentiated core competitiveness of enterprises in the future. The diversified development of services in the property management industry has brought challenges to the provision of full-process, integrated comprehensive services and the improvement of IFM (Integrated Facilities Management Service) capabilities. With the deep integration of artificial intelligence, big data, cloud computing, Internet of Things and other technology applications and property management, digitalization and intelligence have become the "accelerators" for property service enterprises to break the service bottleneck, which can help enterprises reduce costs and increase efficiency, improve customer experience and promote the stable development of enterprises.

　　2) medical rehabilitation

　　In 2023, China’s population will continue to show negative growth. Under the general trend of population aging, the demand for medical and health services will continue to grow. The "silver-haired economy" has also become an important development direction in the future. The policy has been focused on promoting the coordinated development of the old-age cause and industry, promoting the high-quality development of the old-age service system, and accelerating the improvement of the old-age service system and health support system with the coordination of home community institutions and the combination of medical care and health care. With the gradual improvement of consumers’ willingness and ability to pay for health care services, the diversified and high-quality pension products and services market will also usher in a period of rapid development.

　　(II) Company development strategy

　　Focusing on maintaining sustainable operation, the company actively changed to asset-light strategy, fully expanded and laid out smart manufacturing and smart people’s livelihood business, achieved synergy and stable development, and sought a long-term solution to liquidity.

　　(A) intelligent manufacturing sector

　　1, special vehicle manufacturing

　　Dima Industry continues to strive to become a leading domestic and world-renowned expert in the field of special vehicles and an emergency management platform service provider. It has a number of product lines, including bulletproof, integration, aviation and medical care, covering hundreds of products in the fields of financial escort, public security, emergency, fire protection, electric power and civil aviation, and medical and health care. New energy is becoming the trend of the times. Facing the needs of the market and customers, Dima, as a brave innovator, quickly cut into the field of new energy, speed up product layout, and start the new energy transformation of all special products. Dima Industry will seek cooperation opportunities around advocating and practicing ESG development concept, developing and manufacturing intelligent new energy special purpose vehicle products, exploring digital products and solutions in the field of emergency intelligent special purpose vehicles, and promoting the healthy and stable development of the company.

　　2. Robot business

　　Based on years of accumulation in the fire protection industry, aiming at the pain points of fire protection customers, the company constantly meets customer needs, optimizes the construction of core teams and forms unique technical advantages. Relying on fire protection robots as the starting point, taking inspection robots as the basis and professional robots (special+service) as the direction, the company forms robot clusters, and utilizes the advantages and capabilities in property, industrial parks, community services and emergency industries to improve the service network and data-based capabilities. Build the core technology and product platform of robots, build a professional data service platform+smart emergency, smart security, smart agriculture and smart cleaning special robots, and become a supplier of intelligent robot equipment and overall solutions.

　　(2) Urban operation sector

　　1. Real estate development

　　Facing the continuous downward pressure and challenges of the industry, Dongyuan Real Estate will continue to adhere to the long-term business philosophy, change its thinking and rhythm, reduce expenses, save costs, seek measures to reduce the burden of existing heavy assets, gradually shift to light assets, and maintain steady operation while maintaining the delivery part of the building. Fully lay out the business of "building and selling clothes", set up new business teams in each region, absorb business clues through the local resources, applicable play and experience of the region, and realize the expansion and rapid scale of the business of building and selling clothes with the help of the company’s leading product capabilities and sales capabilities; Optimize organizational structure, reduce costs and increase efficiency; Actively respond to market changes and expand new sales channels, and strive to ensure the safety of the company’s funds; Strengthen cash flow management, rationally optimize debt structure, and actively communicate with creditors to gain understanding and complete the extension and extension of corresponding debts.

　　2. Urban renewal

　　Dongyuan Zhixin is committed to becoming an innovative service provider of urban evolution and an explorer and leader of urban organic renewal. Relying on the whole chain capability system (district planning, product planning, development and transformation, multi-operation capability and asset management capability) of urban development plate and the experience of serving the customers of 10+ districts in succession, the company actively explores and practices long-term solutions for urban renewal with the main bodies of district renewal with high consensus (local governments and platform companies), including but not limited to consulting services, media content procurement, management output, entrustment and whole lease operation.

　　(3) Smart People’s Livelihood Plate

　　1. Property services

　　The company’s property sector has always adhered to the service concept of "every moment of peace of mind", the vision of "becoming a respected urban renewal service provider with unique business value", the development strategy of "big property-full value", and the development characteristics of multi-format services, laying out four major areas of "residential comprehensive services, international comprehensive services, medical comprehensive services and urban comprehensive services" to expand the business portfolio and scale; The company will continue to empower technology, comprehensively sort out data assets, and combine big data related technologies to create a new generation of data middle platform, and sort out multiple business indicators from the aspects of market, operation, finance and human resources, laying a solid foundation for the overall digital operation and enabling the strategy to land; The company focuses on the life cycle needs of people and cities, and will continue to take customer satisfaction as the core, continuously upgrade the service quality, and provide more detailed, comprehensive, caring and efficient property services and value-added services for multiple customers; The company will continue to expand the business chain related to non-residential formats, build differentiated competitive advantages, build IFM (Integrated Facilities Management Service) capabilities, tap value-added service opportunities for non-residential projects, dig deep into customer needs, and innovate service models; The company will promote the transformation of organizational management and control mode to "platform+marketization" mode, continuously optimize organizational structure, strengthen personnel training and cultural identity to promote the company’s development.

　　2. Health care

　　The company’s health care business is based on the service ability for the aged, with the medical ability as the core support and the community home care business as the development focus. Through various operation modes and business forms, it continues to build a chain-type health care medical institution with a certain scale, helping to realize the ideal life in the hearts of more elderly people. Through the four-level linkage business model of medical care+institution+site+home, we will provide the elderly with all-round pension solutions covering basic services, nursing services, medical services, professional pension products and pension information, and actively explore opportunities in other pension fields such as silver-haired consumption, elderly education, vocational training and pension tourism.

　　(3) Business plan

　　The company focuses on stable operation, strengthens cash flow management, and ensures sound financial capital security; Change business ideas, actively change to asset-light strategy, fully expand and lay out smart manufacturing and smart people’s livelihood business, and provide more support for future sustainable development.

　　(1) Intelligent manufacturing sector:

　　1, special vehicle manufacturing

　　1) Enhance the competitiveness of core products and ensure the steady improvement of performance.

　　Stabilize the market share of core products such as bulletproof, emergency, communication, medical care, fire fighting technology and airport equipment, focus on "region-industry-products", break through market segments one by one, and increase sales and order volume; Improve high-quality operation efficiency, and strengthen cost optimization through the whole process of "design-supply chain-process-manufacturing" to reduce costs and increase efficiency; Strengthen the construction of quality culture, enhance quality awareness, optimize quality and monitor the process from the design-process side, win the market with high-quality products and services, and realize the growth of sales, profits and market share.

　　2) Deepen the emergency industry and accelerate the transformation of new energy.

　　Grasping the market demand, Dima Industry has upgraded to smart security equipment and platform service providers around the "M+AIoT+N" (mobile+intelligent Internet of Things+application scenarios) scheme, and promoted the double growth of enterprise quality and quantity. In addition to the existing electric cash-carrying vehicles and electric airports, in the field of integrated vehicles, the third-level side-pull communication command fire truck is equipped with Geely new energy chassis for the first time to build a fire emergency response command center for all disasters, and Dima Industry has started the new energy transformation of all products.

　　3) achieve a breakthrough in "going out to sea"

　　Combined with the international market demand and policy encouragement direction, we will vigorously promote the sales and business cooperation of special products in overseas markets, build and incubate business outlets, increase orders and market share, and tap new profit growth points.

　　2. Robot business

　　The company continues to strengthen the product line of robots, increase the innovative research and development of special robots such as fire fighting robots, plant protection robots and cleaning robots, break through the market and increase the market share. The company plans to establish strategic partnerships with local governments, enterprises and institutions to jointly promote the development of artificial intelligence and robot industry in the local area and build an integrated smart city technology and smart agriculture platform. At the same time, expand overseas market orders, comprehensively deepen the strategy of layout to the sea, and realize the all-round development of domestic and international two-way business with excellent product competitiveness.

　　(2) Urban operation sector:

　　1. Real estate development

　　1) Adhere to stable operation and control operational risks.

　　Dongyuan Real Estate will focus on continuous operation, continuously guarantee the delivery of part of the work, reduce costs and save all expenses; Strengthen the management of project sales and payment, meet the payment needs of loan repayment, taxes and project funds as much as possible, and rationally plan the project operation nodes to ensure that the efficiency of fund withdrawal matches the rhythm of fund payment, and improve the efficiency of fund use and turnover; Optimize the debt structure, continue to strengthen communication with financial institutions, strive for the understanding of financial institutions and obtain loan extension support, thus ensuring the company’s operation and liquidity safety.

　　2) Reduce costs and increase efficiency, and improve internal management efficiency.

　　The company will focus on "taking cash flow as the core, stopping falling and stabilizing, improving steadily and improving profitability" as the operating goal, and establish an organizational mechanism with shared capabilities, unified standards, rapid decision-making and dynamic strategies to improve the overall internal decision-making quality and operating level. Ensure that the inventory structure is reasonable, the personnel organization structure and structure are reasonable, and establish an operation control system with cash flow as the core to reduce costs and increase efficiency and reduce liquidity risks; Focus on the implementation of phased core tasks and objectives, optimize system construction, and continuously improve the quality and operational efficiency of corporate governance and control systems.

　　3) carry out the revolution of online marketing system and realize the business expansion of building, selling and serving.

　　The company upgraded its online marketing system, systematically improved its marketing capabilities, increased the proportion of self-acquired customers through public domain operation and maintenance, continuously consolidated the organization’s self-acquired customer capabilities, and made efforts in online, self-channel and customer operation and maintenance to ensure stable sales; Quickly shift the accumulated capacity of heavy assets business, and realize the expansion and rapid scale of construction, sales and service business by expanding the four aspects of city investment and agent construction, capital co-construction, variable co-construction and supplier co-construction, and gradually realize the rapid expansion of light assets business.

　　2. Urban renewal

　　Dongyuan Zhixin continuously incubates its own brands and IP ("there is a good market IP(“1891", and there are neighborhoods, etc.). Through the diversified business model of self-incubation, joint venture cooperation and ecological coordination, customers with district renewal and monomer renewal provide a one-case and one-policy asset management service scheme, which promotes continuous renewal and upgrading, injects vitality into the carrier and district, and helps the long-term operation of business management. The company continued to deepen organizational capacity building, and based on new market pain points and demands, improved the delivery of products and operational solutions of internal and external customers; Continue to expand the business scale of external customers, give full play to their own professional ability and business experience, form good cooperation with more government and state-owned platform companies, and build a win-win situation in the field of urban renewal.

　　(3) Smart People’s Livelihood Plate:

　　1. Property services

　　As a comprehensive urban service provider, Hihara Renzhi Service actively responds to the uncertainty of the external environment, insists on market-oriented transformation, deeply cultivates core cities, expands business chains related to non-residential formats, innovates service models, builds differentiated competitive advantages, and continues to take "customer satisfaction" as the service yardstick, constantly promoting the professional, product-oriented, refined and intelligent development of services, and realizing double growth of income and profit. Dongyuan Renzhi Service will implement the amoeba business model, combine the business scenarios of first-line business units, build an independent business mechanism, enhance business awareness and stimulate business vitality. Driven by business objectives, we will establish a project classification management model, iterate operation management process measures, achieve lean management through management optimization, energy saving, intelligent equipment introduction, and optimization of management platform, and try to create a "highly integrated collaborative operation" model, integrate supplier resources, realize the promotion and application of business integration model, and improve service productivity. At the moment of new urbanization, Hihara Hitoshi will also actively resonate with the development of the city, explore the concept of sustainable development, promote the development of urban renewal to refinement, specialization, intelligence and low carbon, and realize the improvement of urban governance system and the improvement of management efficiency.

　　2. Health care

　　The kangyang business segment will continue to operate a new business mode of combining medical care with nursing care through the operation mode and business form of "hospital+nursing care institution+community site+home service", deeply lay out four service types of home community pension, institutional pension, nursing rehabilitation service and medical service, and explore the development of new business modes such as big health training school, market-oriented home rehabilitation service and community medical service. Continue to cultivate deeply in Sichuan and Chongqing, further improve the occupancy rate of existing pension institutions, improve the service level and satisfaction of institutional pension, gradually adjust and increase the proportion of nursing beds, and improve the overall income and profit level. Improve the supporting system of old-age care services, strengthen the systematization and standardization of operation, upgrade products and services, and enhance the brand influence of "Di Ma Changqing Society". In the field of silver-haired consumer business, Evergreen Society will open direct stores one after another, and combine community service stations, online platforms, old-age tourism and external cooperation to create private domain traffic belonging to Evergreen Society.

　　(4) Possible risks

　　1) Market risk

　　In 2023, the optimization policies for urban policies were intensively introduced in various places, spreading from third-and fourth-tier cities to first-and second-tier cities, especially in first-tier cities, and the partial loosening of the purchase restriction policy played a positive role in the market recovery. However, the relationship between supply and demand in the real estate market has gradually changed from insufficient supply to insufficient demand. Investors are not confident about the future real estate development and worried about the risks of real estate enterprises. The overall investment and sales in the real estate market continue to decline, and enterprises with risks have emerged one after another, especially private real estate enterprises. In 2024,

　　2) Liquidity risk

　　Although the overall policy of real estate is getting better, the sales end of the real estate market has not been significantly improved, the hematopoietic function of housing enterprises has not been effectively restored, new financing is still difficult, and liquidity risks are greater, especially for some private enterprises, such as sales difficulties, financing difficulties and turnover difficulties. The operating pressure is increasing and the short-term liquidity risks are still outstanding.

　　(3) Default and litigation risk

　　In the case of difficult liquidity, with the overdue debt and the gradual increase of litigation, the judicial risk of debt also increases accordingly.

　　CCTV News:On October 21st, 2017, coincided with the grand opening of The 19th National Congress of the Communist Party of China, the 23rd China Yiwu International Commodities Fair, the largest commodity fair in China, was held in Yiwu, Zhejiang.

　　This year’s Yiwu Fair has 4,100 standard booths, involving 14 major industries. Combining with the cultivation direction of emerging sectors, it has set up eight special areas, namely "Made in Zhejiang" theme area, standard Expo area, innovative design, smart lifestyle, fashion department stores, international brands, e-commerce and trade services, and women’s Federation handicrafts, with a total of 10 pavilions with an exhibition area of 100,000 square meters. It attracted more than 2,200 enterprises from 16 countries and regions including Australia, Japan, Brazil, Germany, Italy and France, as well as 24 provinces (municipalities and autonomous regions) in China.

　　As an important supporting meeting in the 2017 Yiwu Fair, the "2017 China Retail Department Store (Yiwu) Purchasing Summit" was held simultaneously during this period. The summit was hosted by the Executive Committee of Yiwu International Commodity Expo in China, jointly organized by Zhejiang China Commodity City Group Co., Ltd. and IBMG International Business Management Group, and sponsored by Yiwu Mr. Huolang Trading Co., Ltd., and the conference received extensive attention and praise from the government, industry, news media and people from all walks of life.

　　More than 200 enterprise bosses and senior executives from more than 50 retail enterprises, including national top 100 retail enterprises, listed companies and regional leading enterprises, led their professional purchasing teams to participate in the summit. In order to actively broaden the domestic sales channels of local suppliers in Yiwu, improve the purchasing efficiency and quality of participating retailers, and promote the in-depth cooperation between suppliers and retailers, the summit invited Mr. Li Sheng, deputy director of the Expert Working Committee of China Business Federation, Professor Wu Leijun, course director of SPACE China Business College of the University of Hong Kong, and other big coffee makers in the retail industry to conduct in-depth thematic discussions and share, and specially arranged a number of on-site retailers’ fair for high-quality goods, which promoted many categories such as household goods, imported goods, knitwear, toys, cultural offices and sporting goods. During the summit, the delegates also visited well-known local enterprises in Yiwu, and went deep into the factory to learn about commodity technology.

　　Mr. Jiang Ming, President of China Business Federation, made an opening speech for the summit.

　　In his opening speech, Mr. Jiang Ming, President of China Business Federation, said: Yiwu has changed from "buying and selling the whole country" to "buying and selling the whole world". This is a hot spot for entrepreneurship, a land of real miracles. Department stores cover a wide range of commodities, and have become synonymous with Yiwu. Yiwu International Trade City is one of the largest export bases of small commodities in China, and its market extroversion has reached 65%.

　　The theme of this conference, "focusing on commodities, upgrading layout-supply chain reconstruction under consumption upgrading", fits the background of the retail industry environment, identifies the profit model, returns to the essence of retail, and locates customers with commodities. This summit will discuss how to rebuild the supply chain in the new retail era with the help of Yiwu’s advantages, new technologies and new theories, focus on market consumers, push forward with the pace of transformation of both domestic and foreign trade in Yiwu Fair, and strive for the healthy and rapid development of the retail industry and a broader future!

　 　 [XCAR test drive original]

　　　　Domestic pickup truck culture started relatively late compared with European and American countries. Both the market environment and consumers’ concept of car purchase are in a relatively immature stage. I believe that when many people talk about pickup trucks, they still link them with cheapness and freight for the first time. Of course, in the past two years, with the introduction of some American pickup trucks, a high-end pickup truck culture focusing on playing with cars has gradually emerged. Looking at the domestic auto market, the current situation of pickup trucks can be said to be serious. One is the cheap pickup truck based on freight, and the other is the American high-end pickup truck just mentioned. The pickup truck market between these two types is basically blank. The Isuzu D-MAX we test-drive today has a clear mission, which is to strive to be a pioneer in this market.

　　　　Since the D-MAX produced by Isuzu’s domestic joint venture manufacturer (Jiangxi Isuzu) has not been officially launched, we chose Australia, where Isuzu has a large number of pickup trucks and the pickup market is relatively mature, to get close contact with this model.However, after three months, we will be able to see the D-MAX model produced by Jiangxi Isuzu in the domestic market.

　　　　Since D-MAX is about to be produced in China, I have to talk about its manufacturer — — Jiangxi Isuzu. For consumers, this is a strange and young manufacturer. Jiangxi ISUZU is a joint-venture vehicle manufacturer established by Japanese Isuzu in China.It is jointly funded by Japanese Isuzu and jiangling motors Group, with the equity ratio of 50:50.

　　　　The model that Jiangxi Isuzu is about to put into production at present is D-MAX pickup truck, which is the protagonist of our test drive today. At the end of next year, Jiangxi Isuzu will also introduce a heavyweight SUV model for production. This model, named MU-X, has been listed in international markets such as Australia.

　　　　When it comes to the history of D-MAX, if you read the picture below, I believe it can bring back some memories. Isuzu pickup truck began to enter China from TF model. At first, it was introduced and produced by Qingling. Later, domestic independent brands began to copy this model.

　　　　Since it is a pioneer in the domestic mid-range pickup market, does D-MAX really have no competitors? From the perspective of head-on confrontation, there is really no pickup truck model in the domestic mid-range pickup truck market that can be similar to D-MAX in price, configuration and technical level. But from the perspective of positioning, it seems that only Toyota’s hilux can be regarded as a competitor.

　　　　Although Zhengzhou Nissan’s D22 pickup truck is similar to D-MAX in positioning and design, the D22 model is too old to compete with D-MAX in the same generation. The Nissan Navara pickup truck, which can really compete with D-MAX, has no plans to introduce it at present.

　　　　The positioning of Isuzu D-MAX was introduced by the author at the beginning, and it mainly focuses on the mid-range pickup market. In addition to the outstanding loading capacity of pickup trucks, D-MAX has excellent performance in the interior space and passability. Although it is the pioneer of mid-range pickup trucks in China at present, it is also in sync with the international level in terms of technology. However, if D-MAX wants to make some achievements in this strange emerging market, it is indeed difficult to see the current domestic pickup truck environment and road regulations. For example, in a first-tier city like Beijing, the driving of pickup trucks will still be greatly restricted, which is an unavoidable reality.

　　Cctv newsOn August 30th, International Sharp Review, the general radio and television station of China, broadcasted an article entitled "Australia’s reasons for rejecting Huawei are untenable", which was reprinted or quoted by many overseas media.

　　From August 30th to September 1st, CNBC, Singapore Asia News Channel, Malaysia National News Agency Radio, etc. quoted relevant contents or materials. French digital radio LCF facebook account, German-Chinese Report website, Spanish Radio International website, Italian Radio We website (facebook, twitter), Indian Daily Morning News website, Kazakhstan Industrial News website, Jordan Global Radio facebook account, Nordic Times website, Europe-China United Times website and many other overseas media forwarded. The main reports are as follows:

　　For those who are concerned about the development of global telecommunications technology, if asked which company in the world has suffered the most and been censored the most? People may think of China Huawei in unison. Recently, the Australian government banned Huawei from participating in the construction of Australia’s 5G network on the grounds of "network security" in an obscure statement, which hindered the company’s business in Australia.

　　Network security is the focus of all network users and the core concern of all countries. However, this concept should not be too generalized, and even become an excuse to achieve a certain political goal. As far as Australia prohibits Huawei from participating in its 5G network construction, the reason of "network security" is untenable from any level.

　　First of all, from the perspective of cooperation, according to public information, Huawei, as the world’s largest telecom equipment supplier, has cooperated with 45 of the world’s 50 mainstream telecom operators, covering 170 countries and supporting the daily communication needs of more than one-third of the world’s population. If Huawei’s network is not secure, the global telecom giants will never venture to cooperate with it. According to the news released by Huawei, Australian operators have been using Huawei equipment for 15 years, during which there has never been an incident that threatened Australia’s national security; Huawei has never received any questions from the Australian government about its corporate governance and the safety of its business operations.

　　Secondly, from a technical point of view, Huawei, as the largest provider of 4G network technology in Australia, not only promoted the competition in the local telecommunications market, but also reduced the broadband and communication costs of local consumers. With the development of information technology, 5G network with higher speed and lower delay is becoming the next competitive point in the industry. At present, Huawei ranks first in the world in the number of 5G patents, and most western countries, including Britain, New Zealand and Canada, accept Huawei’s common practice of expanding 5G on the basis of 4G. In fact, there is no essential difference between 5G architecture and 4G, and its core network and access network are separated. Compared with 4G, it has a more perfect guarantee mechanism in security and privacy protection. Since Australia asked Huawei to build a 4G network, why not 5G?

　　Thirdly, from the industrial point of view, in today’s highly globalized world, Huawei, Nokia, Ericsson and Apple all have similar global supply chains and production lines, and all of them are made in China. Even if Australia refuses Huawei to participate in the construction of the 5G network and chooses other manufacturers, most of the 5G devices deployed by other manufacturers will still be made in China.

　　"Cyber security" is just an excuse for Australia to close the door to Huawei. It is neither in line with business rules nor aboveboard, and there are deeper political factors behind it. For a long time, China has been Australia’s largest trading partner, and the United States has always provided it with a security umbrella. Australia is trying to find a balance between these two most important foreign relations. Since last year, Australia-China relations have been cold, and the unfriendly side to China in Australia’s domestic atmosphere has risen sharply. China students have been accused, Chinese in Australia have been questioned, and all people or organizations associated with China have been labeled as "unsafe". As a multinational private enterprise in China, Huawei originally participated in Australian business through fair competition, but it was "original sin" because it came from China.

　　The National Defense Authorization Act recently passed by the United States stipulates that it is forbidden for any U.S. government department to use the products of China Huawei and ZTE, and it is also forbidden for any entity that has business relations with the U.S. government to do so. In terms of security, Australia, which has always looked at the United States with a wink, took advantage of the complex domestic political atmosphere to violate the treaties or agreements on bilateral investment and free trade signed by China and Australia in 1988 and 2015, at the expense of the interests of the Australian people, and blocked Huawei from the market under the pretext of "security". According to the latest news, this move has caused Australian communication service providers to prepare to raise prices.

　　China-Australia relations are essentially win-win cooperation. Over the years, Huawei has been rewarded in the Australian market because of its efforts in innovation, and Australia has also accelerated the upgrading of information facilities and the transformation of the digital economy because of the products and services provided by Huawei, and both enterprises and people have a real sense of gain. Commercial issues should not be politicized. If Australia wants to seize the opportunity of information technology and achieve economic growth in the next few decades, it should take off its colored glasses and welcome innovative China enterprises like Huawei to actively participate in its development process.

　　Many overseas media quoted and forwarded "International Sharp Review" articles:

　　As of September 1, 2018, CNBC has quoted relevant content or materials twice.

　　As of September 1, 2018, Singapore Asia News Channel has quoted relevant content or material 6 times.

　　French digital radio LCF facebook account forwarded on August 30, 2018

　　The German-Chinese Report website was forwarded on August 30, 2018.

　　Radio Spain International website forwarded on August 30, 2018

　　Italian Radio We website (facebook, Twitter) forwarded on August 30, 2018.

　　India’s "Daily Morning News" website was forwarded on August 30, 2018

　　Perfecting the basic socialist economic system is the institutional guarantee for high-quality economic development and the construction of a modern and powerful country. Standing at a new historical starting point, we should adhere to and improve the socialist basic economic system and promote high-quality economic development in accordance with the requirements put forward by the Fourth Plenary Session of the 19th CPC Central Committee, closely focus on the goal of high-quality development, firmly grasp the important key point of adhering to and improving the socialist basic economic system, and vigorously promote China’s economy to achieve high-quality development.

　　The socialist basic economic system is a great creation of the party and the people and an institutional guarantee for high-quality development.

　　The Fourth Plenary Session of the 19th CPC Central Committee took "public ownership as the main body, multiple ownership economies developing together, distribution according to work as the main body, multiple modes of distribution coexisting, and socialist market economic system" as Socialism with Chinese characteristics’s basic economic system, which is the latest summary and development of China’s socialist basic economic system, a major institutional innovation for China’s socialist basic economic system, and also an important theoretical innovation, reflecting the combination of theoretical innovation, institutional innovation and practical innovation. These economic systems are interrelated and mutually promoted, forming a socialist basic economic system, which is a great creation of the party and the people and an institutional guarantee for high-quality development.

　　The dominant position of public ownership has maintained the nature of the socialist system and the socialist direction of China’s economic development.Adhering to the common development of various forms of ownership has mobilized the enthusiasm of all parties, released new vitality for economic development, improved the enthusiasm and creativity of market players, and cultivated new kinetic energy for economic development. This system maintains the advantages of public assets in quantity, strengthens the control of public economy in important areas of national economy in quality, and realizes the combination of quality and quantity. By improving relevant laws, regulations and policies, we will promote and guide the healthy development of the non-public sector of the economy, so that the public sector of the economy and the non-public sector of the economy can work together to better serve the economic development in the new era.

　　The ownership structure with public ownership as the main body and multiple ownership economies developing together determines the distribution system with distribution according to work as the main body and multiple modes of distribution coexisting.The ownership system determines the distribution system, the dominant position of public ownership determines the distribution according to work, and the coexistence of various forms of ownership determines the coexistence of various modes of distribution. Taking this distribution system as the content of the basic socialist economic system ensures the long-term stability of this distribution system. The basic economic system with distribution according to work as the main body and multiple modes of distribution coexisting plays a positive role in narrowing the income gap, avoiding polarization and improving the income of workers. This distribution system has improved the mechanism that labor, capital, land, knowledge, technology, management, data and other production factors determine their remuneration according to their contributions, and improved the redistribution adjustment mechanism with taxation, social security and transfer payment as the main means, which can rationally adjust the distribution relationship between urban and rural areas, regions and groups, protect legitimate income and ban illegal income.

　　Raising the socialist market economic system to a basic economic system is an affirmation of the combination of socialist system and market economy.The socialist market economy is the combination of socialist system and market economy. Perfecting the socialist market economy system is to build an economic system with "effective market mechanism, dynamic micro-subjects and moderate macro-control", which is a combination of strong market, strong government and strong enterprises. The Fourth Plenary Session of the 19th CPC Central Committee brought the socialist market economy system into the basic economic system, which deepened our party’s understanding of the role of market economy and the relationship between market and government, and showed the world that the direction of developing socialist market economy in China will remain unchanged in the future.

　　On the basis of adhering to the main role of public ownership economy, actively explore various forms of public ownership to promote high-quality economic development.

　　The Decision of the Fourth Plenary Session of the 19th CPC Central Committee put forward "exploring various forms of public ownership" in the paragraph of state-owned economic reform. Putting "exploring various forms of public ownership" in the first sentence has profound significance.

　　On the basis of adhering to the dominant position of public ownership, we can explore the diversification of public ownership.Public ownership and its realization form are the relationship between content and form. Under the premise of adhering to the dominant position of public ownership, the realization form of public ownership can be diversified, and the organizational form and management mode of public assets can be diversified with the goal of maintaining and increasing the value of public assets. The choice of the realization form of public ownership mainly depends on the development level of productive forces. At present, China is still in the primary stage of socialism, and the multi-level and unbalanced development of productive forces in the primary stage of socialism determines the diversification of the realization form of public ownership. The diversification of the forms of public ownership includes two meanings: the first meaning is that the forms of public ownership are diversified, and its own diversification includes ownership by the whole people and collective ownership, etc., and the diversified forms of public ownership can be combined with each other to form more diversified forms of public ownership. At the same time, the carrier of property rights of public ownership is also diversified, and the management system and mode of public ownership can also be diversified. The second meaning is that public ownership coexists with other forms of ownership in the primary stage of socialism, forming an ownership structure with public ownership as the main body and multiple ownership systems coexisting. According to the diversification of public ownership forms, we can promote the separation of ownership and management rights and realize the separation of state-owned economy and state-owned assets in concept and operation, which further shows that the realization form of public ownership economy is not only the type of state-owned enterprises, but also can explore various forms of realization.

　　The state-owned economy should adjust its strategic layout, with progress and retreat.General Secretary of the Supreme Leader has made many speeches on the structural adjustment of the layout of the state-owned economy. He proposed, "Speed up the layout optimization, structural adjustment and strategic reorganization of the state-owned economy. Advance and retreat, do something different, innovate and develop a batch, reorganize and integrate a batch, clean up and withdraw a batch, promote the concentration of state-owned capital in strategic key areas and advantageous industries, and accelerate the strategic adjustment of the state-owned economy. " According to the exposition of the Supreme Leader General Secretary and the spirit of the Fourth Plenary Session of the 19th CPC Central Committee, we need to deepen the supply-side structural reform, adjust and optimize the layout structure of the state-owned economy, revitalize the manufacturing industry and the real economy, actively promote the transformation and upgrading of traditional industries, and accelerate the development of strategic emerging industries. In the economic development of the new era, around the major strategy of serving the country, we should persist in making progress and retreating, and do something different. We should invest more state-owned capital in important industries and key areas that are related to the lifeline of the national economy, especially strategic emerging industries, promote the upgrading of economic structure, optimize the layout of state-owned assets and state-owned enterprises, and cultivate new economic growth points.

　　Take mixed ownership as a new realization form of public ownership.The Fourth Plenary Session of the 19th CPC Central Committee included the reform of mixed ownership in the scope of state-owned economy, which is to bring the reform of mixed ownership into the scope of ownership reform and explore the realization form of public ownership through the reform of mixed ownership. This means that the mixed ownership economy with cross-shareholding and mutual integration of state-owned capital, collective capital and non-public capital is an important realization form of the basic economic system. This form is conducive to amplifying the function of state-owned capital, improving the competitiveness of state-owned capital, expanding the development space of private capital, and promoting and developing all kinds of ownership capital together. As a new form of public ownership, the reform of mixed ownership is not only a breakthrough in the reform of state-owned enterprises, but also brings new opportunities for the development of private enterprises. Through the promotion of mixed ownership reform, we can promote the integrated development of state-owned capital and non-public capital, thus stimulating the endogenous power of China’s high-quality economic development.

　　Improve the policy system to support the new form of public ownership.Exploring the new realization form of public ownership economy is to better adhere to the dominant position of public ownership, and developing mixed ownership economy is a new exploration of the realization form of public ownership and an important way to consolidate China’s basic economic system. However, the development of mixed ownership economy needs to improve the policy system supporting the new realization form of public ownership, and focus on solving the reform motive force of mixed ownership, the equal protection of all kinds of property rights in the reform of mixed ownership and the operation mechanism of mixed ownership. Focusing on the development of mixed ownership, it is necessary to highlight the transformation of operating mechanism, explore a management and control model that adapts to the development of mixed ownership economy, and enhance the enthusiasm and initiative of social capital to participate in the reform of mixed ownership of state-owned enterprises. We will create an integrated development of various ownership entities, use resource elements equally according to law, and form a market environment that is open, fair and just to participate in competition and equally protected by law.

　　Combine the improvement of the high-level socialist market economic system with the construction of a high-level open economic new system to promote high-quality economic development.

　　Achieving high-quality economic development requires certain conditions. This condition is the combination of the role of the government and the role of the market. The combination of a high-level domestic socialist market economic system and a high-level opening-up system is the institutional and institutional basis for achieving high-quality development. To this end, we should combine the improvement of the high-level socialist market economic system with the construction of a high-level open economic new system to promote high-quality economic development.

　　On the basis of giving play to the decisive role of the market in resource allocation, we should correctly handle the relationship between the government and the market, give full play to the role of the government, and combine the role of the government with the role of the market to promote high-quality economic development.With the goal of high-quality development, we should correctly handle the relationship between the government and the market, realize the combination of the government and the market on the basis of effectively exerting the decisive role of the market, and accelerate the high-quality development. On the one hand, realize the combination of government function and market function. In the process of economic development, we should follow the laws of market economy and improve the market system. Clarify the decisive role of the market in resource allocation and truly change the mode of economic development. At the same time, we should change government functions, give play to the role of supervision, guidance and regulation, and play the role of government through macroeconomic regulation, making up for market failures and the supply of public goods. On the other hand, a modern economic system is established through the combination of government and market. Build an economic system with effective market mechanism, dynamic micro-subjects and moderate macro-control. Through the combination of the role of government and market, on the basis of quality reform, efficiency reform, power reform and improving total factor productivity, we will accelerate the construction of a modern economic system with supply-side structural reform as the main line. Build a modern industrial system with coordinated development of real economy, scientific and technological innovation, modern finance and human resources.

　　Realize the combination of a high-level socialist market economy and a higher-level open economic new system to promote high-quality development.On the one hand, China should build a high-level socialist market economic system. Build a high-standard market system, speed up the improvement of the property rights system, and realize effective incentives for property rights. Accelerate the market-oriented allocation of factors and realize the free flow of factors. Create a unified, open and competitive market environment. Improve the property rights definition system, property rights allocation system and property rights transaction system, and promote the market-oriented allocation of factors. In accordance with the spirit of the Fourth Plenary Session of the 19th CPC Central Committee, improve the system and mechanism of scientific and technological innovation, improve the system and mechanism of encouraging and supporting basic research and original innovation, and improve the incentive mechanism of scientific and technological talents and the policy system of scientific and technological management. Establish a technological innovation system with enterprises as the main body, market orientation and deep integration of Industry-University-Research. On the other hand, it is necessary to build a new open economic system at a higher level. The Third Plenary Session of the 18th CPC Central Committee proposed to build a new open economic system, and the Fourth Plenary Session of the 19th CPC Central Committee proposed to build a new open economic system with a higher level. Comparatively speaking, the requirements for opening up are higher and the level is higher, which means that in the new era, we should implement comprehensive opening-up in a wider scope, in a wider field and at a deeper level. In order to achieve this goal, we should strive to create a market-oriented, rule-based and international business environment, further promote the construction of a new open economic system, and promote high-quality economic development with a high level of openness.

　　Author: Ren Baoping, Dean and Professor of Graduate School of Northwest University and Changjiang Scholar of Ministry of Education.

　　Recently, the Anti-smuggling Bureau of Guangzhou Customs, with the assistance of the Anti-smuggling Bureaus of Huangpu, Jiangmen, Kunming and Nanning, launched the "Fighting 28" special campaign to crack down on the smuggling of imported fruits, successfully destroyed three smuggling criminal gangs and arrested 12 suspects, involving a case value of about 1.355 billion yuan.

　　The smuggling gang involved in the case has been purchasing mangosteen, longan, durian and other fruits of Thai origin overseas for a long time in the name of a company in Guangzhou, and after transporting them to the borders of Guangxi and Yunnan, the local smuggling gang responsible for customs clearance declared imports through border small-scale trade and general trade by falsely reporting the origin and underreporting the price, and sold them to Guangzhou and other places for profit. In addition, it was found that smuggling gangs smuggled fruits in the border market under the guise of "border residents".

　　At present, the case is under further investigation. Guangzhou Customs will resolutely implement the deployment of the special action of "National Sword 2020" of the General Administration of Customs, and resolutely crack down on smuggling crimes by relying on the working mechanism of "smuggling by all staff" to safeguard the "safety at the table" of ordinary people.

　　CCTV News:2023 is the 25th anniversary of the establishment of diplomatic relations between China and South Africa, and it is also the BRICS "South Africa Year". At the press conference on August 17th, a spokesman for the Ministry of Commerce said that in recent years, under the strategic guidance and personal promotion of the two heads of state, the economic and trade cooperation between China and South Africa has made great progress.

　　Bilateral trade grew rapidly. In 2022, the bilateral trade volume between China and South Africa reached US$ 56.74 billion, a year-on-year increase of 5%, a record high in eight years. In the first half of 2023, it was further accelerated, with an increase of 11.7%. China has been South Africa’s largest trading partner for 14 consecutive years, and South Africa has been China’s largest trading partner in Africa for 13 consecutive years.

　　Two-way investment has achieved remarkable results. China is one of South Africa’s major sources of investment, with an investment stock of more than 10 billion US dollars, covering finance, home appliances, automobiles, mining, energy and other fields. South Africa is also the African country that actually invests the most in China, and the two sides have formed a stable and strong cooperative relationship in the supply chain and industrial chain.

　　Cooperation under the multilateral framework is strong and effective. The two sides jointly safeguard the non-discriminatory, open, inclusive and transparent multilateral trading system, emphasize the importance of multilateralism, and jointly promote the success of the 12th WTO Ministerial Conference beyond expectations. Relying on the BRICS cooperation mechanism, we issued a unanimous voice to support the multilateral trading system, release the potential of the digital economy, promote trade and investment and sustainable development, and strengthen supply chain cooperation.