I told you that BYD has a lot of good things, which means that BYD’s "Eye of the Gods" will meet with you this month. I went to have a detailed look at this technology. After reading it, I found that it is true, which means that the advanced intelligent driving strength is leading.

1. Navigating a city without a map, a variety of scenes can be opened if there is a road.

This technology is based on the largest vehicle cloud database in China, so it has an industry-leading end-to-end large model and super iterative ability, and truly realizes "all the country can open it, and it is easy to open it if there is a road". Different from intelligent driving that can only be driven at high speed, you can enjoy the convenience and technology brought by intelligent driving whether you are at high speed, in urban areas or in the whole parking scene;

2. End-to-end large model architecture, rapid perception of complex road conditions

This can be focused on, which is the top priority of daily driving. To put it simply, based on BYD’s advanced map-free NOA technology, it can be sensed by multi-sensor fusion, and even complex road conditions can be sensed in real time and quickly processed and judged. No matter whether it is traffic lights, overtaking, complex intersections, obstacle avoidance and other conditions, it can be very reassuring. Is there anything wrong with BYD’s Eye of God?

Moreover, this technology can be pushed to Wangwang U8 (Deluxe Edition), Tengshi Z9GT and Tengshi N7 this month, and it is expected that other models will not be far away! # BYD Eye of God can be opened all over the country #

It thundered on the ground! "Snacks are Busy" and "Zhao Yiming" announced the merger of the head players in this mass snack industry. The news fever has not dissipated, and the lawsuit is coming!

On December 6th, according to media reports, "Liangpin Shop sued Zhao Yiming: Deliberately concealing major events of the company and damaging minority shareholders’ right to know". Judging from the specific information, Ningbo Guangyuan Juyi Investment Co., Ltd. (hereinafter referred to as "Guangyuan Juyi"), a wholly-owned subsidiary of Liangpin Shop, was invested by Yichun Zhao Yiming Food Technology Co., Ltd. (hereinafter referred to as "Zhao Yiming") during the cooperation period between the two parties.Deliberately concealing major events of the company, damaging minority shareholders’ right to know,On November 27, he formally filed a lawsuit with the people’s court. At present, the court has accepted the case.

Zhao Yiming Snacks was established in 2019, and in February, 2023, it was favored by good shops, which invested 45 million yuan through its subsidiary "Guangyuan Juyi". Enterprise investigation shows that at that time, it was financed by 150 million yuan led by Black Ant Capital and invested by good shops, with a valuation of about 1.5 billion yuan. After the completion of financing, it began to accelerate its expansion.

Only half a year later, on October 17th this year, Liangpin Store announced that Ningbo Guangyuan Juyi Investment Co., Ltd., a wholly-owned subsidiary, planned to transfer its 3% equity of Yichun Zhao Yiming Food Technology Co., Ltd. (hereinafter referred to as Zhao Yiming) for a total price of about 105 million yuan. The good shop chose clearance.

The huge market volume of discount snacks and every change in the industry may lead to the actual interests of thousands of investors and franchisees behind them. As early as before the merger of Busy Snacks and Zhao Yiming, there were investors arguing about Busy Snacks and the investment value of Zhao Yiming.

Undoubtedly, this complaint once again put Snacks Busy and Zhao Yiming on the front page of the industry public opinion and even the investment circle.

In the media reports, Liangpin Store said that its investment was based on the original intention of achieving better development of its partners, but after the news of the merger was announced, it was deeply felt that it was maliciously deceived and its rights and interests were damaged.

Review the timeline.

On October 16th, Guangyuan Juyi transferred its 3% equity of Zhao Yiming Company to Shanghai Yihai Enterprise Management Consulting Partnership (hereinafter referred to as "Yihai Partnership") and Xiamen Heiyi No.3 Overseas Connection Venture Capital Partnership (hereinafter referred to as "Heiyi Partnership"). "Guangyuan Juyi" received all equity transfer funds on October 19, 2023.

In "Guangyuan Juyi"Only 22 days after the transfer of equity, that is, on November 10th, Zhao Yiming and Snacks were very busy to release a "merger" statement.According to the national enterprise information credit publicity system, both parties have completed the industrial and commercial change registration on the day of announcement.

From the perspective of the merged shareholding structure, Snacks Busy holds 87.76% of the shares in Zhao Yiming, while Zhao Ding, the founder of Zhao Yiming, holds 32% of the shares of Snacks Busy through Yichun Bird Nest Advertising Information Culture Communication Co., Ltd. and Yichun Bird Management Partnership (Limited Partnership), becoming the second largest shareholder of Snacks Busy.

It is worth noting that on September 28th this year, Wang Pingan, Zhao Ding and other "Zhao Yiming" executives completed the registration in Yuanzhou District, Yichun, one of the shareholding platforms for holding "snacks are very busy", and the executive partner of this enterprise appointed Zhao Ding as the representative.

"The Company Law clearly stipulates that Liangpin Store, as a shareholder of Zhao Yiming, has the right to know the important resolutions of Zhao Yiming, and enjoys the legal rights of knowing, making decisions, inspecting and preempting in such a major asset reorganization. If Zhao Yiming informs Liangpin Store of its busy merger plan with snacks, Liangpin Store will probably exercise its preemptive right.

As a listed company, the financial loss of Liangpin Store, especially the loss of industrial integration, is really great. "A person close to the good shop revealed.

According to "Guangyuan Juyi", it is impossible for two head enterprises in the discount snack industry, involving nearly 7,000 stores, with consolidated sales exceeding 7 billion in 2022 and current valuation of about 9 billion, to complete all the processes required for the merger in just 22 days, such as due diligence, negotiation, contract drafting, investor approval, etc., and judging from the clues such as the establishment time of the shareholding platform, the start and decision of the merger between the two parties took place in "Guangyuan Juyi" and "Zhao Yiming"."

Obviously, Zhao Ding deliberately concealed his real purpose from the good shop. Looking back now, Black Ant bought the shares of Zhao Yiming held by a good shop, and I don’t know if it is ready for the merger of snacks and Zhao Yiming. "The above person said.

The format of discount snacks began to expand rapidly in 2020. According to Huachuang Securities, the total number of discount snacks stores has exceeded 10,000 in 2020, and a pattern of regional brands standing side by side has been formed, such as Hunan snacks are busy, Sichuan and Chongqing snacks are famous, and Jiangxi Zhao Yi is famous.

Among them,Snacks have been busy for only five years, and the number of stores has exceeded 2,000, leading the industry, and a number of investors have gathered behind them, including Sequoia China, Gaorong Capital, Qicheng Capital and Mingyue Capital.

In July this year, it was reported that snacks were busy and intended to be listed on the mainland A-share market in China or Hongkong, and the fund-raising could reach 100 million to 200 million dollars. If you choose to go public in Hong Kong, you will have an IPO as early as 2024.

Although the follow-up, snacks are very busy in response to the rumors of listing: there is no clear listing plan and location. However, judging from its multiple rounds of financing and the acquisition of Zhao Yiming, the ultimate goal is to expand the scale of listing.

"Snacks Busy" and "Zhao Yiming Snacks" announced the completion of the strategic merger on November 10th, with Yan Zhou, the founder of Snacks Busy, as the chairman of the new group. At this point, the two head players came together at the discount snack track, which attracted a lot of capital and media attention.

According to the public information of Tianyancha, Zhao Ding holds 32% of the shares in the merged entity of Busy Snacks/Zhao Yiming, which is the second largest shareholder in the company after Yan Zhou, and concurrently serves as the director of the company and the CEO of Zhao Yiming.

Coincidentally, on November 10th, China Securities Regulatory Commission just released the latest opinion draft explanation on the regulation of IPO guidance for A-shares, which clearly stated: "In order to promote the establishment of honesty, self-discipline and legal awareness of the actual controllers and directors of the company, and improve the quality of listed companies from the source", the reputation of the actual controllers, directors, supervisors and senior managers of the company to be listed will become the focus of IPO audit.

With the complaint filed by Liangpin Shop, there is no doubt that the honesty, contractual spirit and even legal consciousness of the second person of the new company have been publicly questioned.

It should be noted that Liangpin Store has made it clear that it has filed a lawsuit against Zhao Ding on the grounds of "deliberately concealing important matters of the company and damaging the right of minority shareholders to know".

"If the good shop wins the case, Zhao Ding and even the snacks after the merger are very busy and may face huge compensation, and the merger that has been negotiated may also be forced to cancel."

From the perspective of the listing prospect, the clear and stable equity, whether there are disputes and potential risks are the key points of the listing review of the CSRC. From the recent cases that Honey Snow Ice City and Laoxiang Chicken are difficult to list, it can be clearly seen that the red and yellow light policy of the CSRC has strict restrictions on the industry.

"Therefore, regardless of the outcome of the lawsuit, snacks are very busy. Under the multiple influences of the restrictions imposed by the CSRC and the reputation crisis of the company’s No.2 key person, the road to listing has been bumpy."The above-mentioned relevant person told reporters.

If snacks are too busy to be listed in Hong Kong stocks, they still need to be filed with the China Securities Regulatory Commission before filing, and the CSRC will still review domestic companies planning to list in Hong Kong. The Hong Kong Securities Regulatory Commission (CSRC) also has clear requirements on the clarity, stability and non-equity disputes of listed companies. At that time, both the litigation disputes with good products and the reputation of key people in the company will become the focus of the CSRC’s key review.

According to the reporter’s understanding, as early as before the merger of Busy Snacks and Zhao Yiming, there were investors arguing about Busy Snacks and the investment value of Zhao Yiming.

LP, an organization with knowledge of the situation, revealed to reporters:"As early as May this year, Zhao Yiming began to communicate with potential investors for a new round of financing. The company expanded aggressively this year, and the capital chain behind it has been in a tight state. Several head funds contributed by us have basically pass after all the adjustments. As soon as this complaint came out, even the expectation of withdrawal was gone, which is a common concern of investors. "

The source said, "Snacks are very busy and Zhao Yiming is planning to list on the Hong Kong stock market. However, investors know clearly that such a target land will basically have no liquidity after the listing of Hong Kong stocks. "

In the past two years, Hong Kong stocks have been an important choice for consumer goods companies to go public. Brands such as Pot Circle, October Paddy Field and Youbao Online have all been successfully listed on the Hong Kong Stock Exchange, and companies such as Chabaidao have already submitted their watches to the Hong Kong Stock Exchange. Some companies that have previously hit A-share IPOs, such as Yanzhiwu, Lancang Ancient Tea, Laopu Gold and Mengjinyuan, have also moved to Hong Kong stocks. However, the liquidity problem of Hong Kong stock market has always troubled investors.

A good reference is the pot circle that has just been listed in Hong Kong recently, with a daily turnover of less than HK$ 1 million; Two years ago, hellens and Naixue, which enjoyed unlimited scenery, now have a daily turnover of only a few million Hong Kong dollars, and their market value has dropped by more than 70% compared with their respective highs; Wei Long used to be valued at 70 billion, but now the market value of Hong Kong stocks is 17.7 billion, and the daily turnover is only several hundred thousand. In other words, shareholders, including investors and employees, can’t sell stocks at all.

"Snacks are busy and the share ratio of Zhao Yiming investors’ shareholders is already very high. After the merger, the share ratio of investors is close to 15%, and the accumulated investment cost is nearly 600-700 million. According to the liquidity of several million Hong Kong dollars a day, even if it is sold every day, investors will have to reduce their holdings for several years before they can return to their capital. If you add employees and founders to reduce their holdings, you don’t know when to sell them. Once investors and founders start to reduce their holdings, the market value of the company will inevitably fall sharply. "

"So, even if snacks are busy and successfully listed in Hong Kong stocks, such projects are superficial. Whether an investment institution can sell it back is a problem, not to mention LP making money. "The LP investor admitted to the reporter: "As an LP, in the current environment, we definitely look at liquidity and DPI. Projects that are both illiquid and difficult to quit are very dangerous and can’t be touched at all. If the funds we invest in only focus on book returns and reputation, it will be a trust injury to the whole industry. "

When Snacks Busy merged with Zhao Yi Mingguanxuan, it was declared that "the two sides will learn from each other’s strong points and integrate deeply … to jointly empower franchisees and contribute to the healthy development of the industry …" Now, it seems somewhat ironic.

"In fact, before the busy merger with snacks, Zhao Yiming’s financial stability has always been an element of concern and concern for franchisees. Regardless of the rapid expansion of cost, how long can Zhao Yiming’s tactics of subsidizing burning money last? Everyone has a question mark. Although it is very busy to merge with snacks, it is now facing a lawsuit from a good shop. If it cannot be listed in the future and investors ask the company to buy back shares in cash, there may really be a capital chain crisis, which will lead to a sudden interruption of the subsidy for burning money. "

According to Zhao Yiming’s internal staff, "Snacks are very busy and both Zhao Yiming have made employee incentives through the employee stock ownership platform, allocating equity to employees and emphasizing the cash value brought by equity after listing." Nowadays, with the background of a series of events exposed by the lawsuit of defending the rights of good shops, after the hope of listing is slim, the equity incentives that employees strive for may be dashed.

The core of enterprise management is "people", and enterprise management often takes equity incentive as the weight to retain talents. When employees regard enterprise development as their goal, who should pay for those promises that are overhead? If the capital chain is broken, how can the subsidy policy promised to franchisees be guaranteed? And how to realize the small and medium-sized brands acquired with equity value?

In the past two years, snacks started in Changsha, Hunan Province were very busy, and snacks from Zhao Yiming, which came out of Yichun, Jiangxi Province, attacked the city all the way, opening more than 4,000 stores and more than 2,500 stores respectively. With the arrival of the merger, the number of the two stores added up to nearly 7,000. This involves most employees, suppliers and franchisees. If Zhao Yiming really cheats for his own interests, how can he be honest with franchisees?

Actually, Snacks Busy and Zhao Yiming, as two large-scale enterprises in the hot industry, have made outstanding contributions in the development of the industry. Perhaps their initial intention is just a commercial contest, but they may lack some understanding of laws and regulations. As a listed company, Liangpin Store is indeed its due obligation to safeguard the rights and interests of its own shareholders and shareholders.

In today’s market environment, we all hope that more enterprises and investors will have a positive voice, sit tight and create a more honest and fair market environment, so that the industry can continue to develop in a healthier direction. Regarding this lawsuit, we will also continue to pay attention to the follow-up development.

I am very satisfied with the fuel consumption, and it is not used frequently at present, but the fuel consumption is within the acceptable range. High-speed comprehensive fuel consumption: At present, I have run back and forth several times at high speed, and started the sports mode, which is super powerful. I drive more than seven cars in the urban area. I usually go to work, go to the supermarket or something, and occasionally go out to play on holidays. I still yearn for freedom. For this car, it is not too high or too low in our county.

This car is still relatively small. If a big person sits in the back row, the space will be a little insufficient. However, there are very few people sitting in the back row, and occasionally sitting does not affect the space and comfort of sitting in the front row. The seat of this car is designed to fit the skin very well, and it is quite comfortable to sit on, and the hardness is just right. I like its dynamic response. I think it is necessary to drive fast in the city, and don’t think that strong power is not needed in traffic jams. Although it is a 1.4T engine, the power feedback is still very strong, so it is easy to cut in and overtake in traffic jams. If the power is insufficient, I will only be cut in line.

Nowadays, the exterior design is becoming more and more fashionable, and the front face is very impactful. It still belongs to the kind that is very resistant to driving. The black middle net and the logo have a special feeling, and the tail is not too framed. The overall appearance is very round. Personally, I think it is very similar to the interior of the car. Of course, Geely’s gear handle and central control design are basically the same, which makes it difficult for you to see that this is a car that is less than 100,000 yuan. That kind of luxury and enjoyment is really true.

Although I like the appearance and interior very much, all I took out was real money. I thought about buying a car for a long time and finally chose this one after paying attention to many models. The price is really not high. And the configuration is not bad. At the same time, the cost of car maintenance in the later period is not high. On the whole, I think the price/performance ratio is also the biggest highlight of this car. Automatic headlights, automatic locking, electric adjustment of rearview mirror, full-screen HD display, front and rear, keyless entry, large skylight, rear cup holder, voice system, five-year free network and 360-degree image of reversing radar really guarantee safety, and are also very worry-free, making driving feel easier.

The handling of the car is very good, and its throttle is very light, so it has very good sensitivity when driving at high speed, including when cornering. And the chassis is also very stable when driving at high speed, and there is electricity when braking, and the braking distance is also very short. The safety factor of the car is quite high, the comfort of the whole car is good, and the seat is not very soft, so the support is relatively good. This seat will not feel tired when running at high speed for a long time, and this car has been driving for thousands of kilometers now, and it feels that there is no smell in the new car. Normal new cars should have the taste of leather, but this car feels very small. Even if the child sits in the car, it is more reassuring.

This car has these four shortcomings:

First, the storage capacity of the fuel tank is slightly small, only 45L, which is acceptable for friends who usually use a small amount of cars, but for friends who use cars frequently for a long time, they are somewhat stretched, and they have to refuel once a week or so. In addition, if they run a long distance, there are some disadvantages to a small fuel tank with less battery life.

The second is that there is no air outlet in the back row, which is somewhat lacking in design. It is convenient for us to buy a car, and it is also convenient for our families to take a trip, including sometimes bringing some friends, so the family or friends sitting in the back row are not so comfortable.

The third is that there are six speakers in the car, but actually four speakers can be used. Only four speakers in the front row can play audio media, and the two speakers in the back are not available. Driving is boring, playing music, only the front side has a speaker, so friends who pursue a sense of music may feel that there is still a trace of regret.

Fourth, if the back seat takes more than one and a half hours, the pain in the whole back will become more and more obvious. If there is a real need for long-distance riding, you must prepare an headrest later, be better to yourself and pay attention to it.

　　China News Service client side Beijing, June 27 (Leng Haoyang) Recently, colleges and universities have ushered in the graduation season. Before college students leave the school, the "last lesson" given to them by the principal has attracted much attention.

　　At the graduation ceremonies of various colleges and universities this year, the graduation speeches of the principals were either warm or philosophical, and there were many fashionable ones, full of expectations and blessings for the graduates. Come and see, what did they say?

　　grounding

　　These Internet buzzwords were quoted by the principal

　　Taking stock of the hot words in recent times, there are no shortage of words such as "eat chicken", "Buddhism", "wolf warrior". At this year’s graduation ceremony, these hot words were also mentioned by college presidents one after another.

　　"The long road of life is not always so’good luck, eat chicken tonight ‘, and may face’falling into a box’ at any time." At the graduation ceremony of the 2018 undergraduate class of Huazhong University of Science and Technology, President Ding Lieyun mentioned this in his graduation speech.

　　At the 2018 graduation ceremony of Zhejiang Gongshang University, President Chen Shoucan mentioned another hot word – Buddhism.

　　"Is there a little misunderstanding of the word’Buddha ‘that everyone is familiar with? If’Buddha’ means not thinking about progress, being muddled, and being at ease with the situation, this may have long deviated from the original intention of Buddha-nature to first enlighten and then ferry people. The first step in any religious or philosophical tradition is of course to teach us how to Keep Calm, remove distractions, and maintain tranquility, but more importantly, teach us to Carry on, face life head-on, and stay right and seek new!" Chen Shoucan said.

　　In his graduation speech at Minzu University of China, President Huang Taiyan encouraged graduates to carry out Red Sea operations one after another with the spirit of "wolf warrior" and the rare "speed and passion" to achieve "Honor of Kings" one by one, which is not only worthy of his "youth", but also "powerful to our Minda".

　　"Only the self-confidence engraved in our bones can challenge ourselves, surpass ourselves, overcome ourselves, and become the’number one player ‘of this era," Huang Taiyan said.

　　The recent World Cup also entered the university’s graduation ceremony. Wang Yingjun, president of South China University of Technology, said in his speech: "Behind the success is countless setbacks, failures and pains…"

　　Before he finished speaking, a picture of Messi appeared on the screen. The 4,000 people at the scene were happy. Wang Yingjun also added: "Everyone is very emotional…"

　　Talk about life

　　– "Don’t give a bad review to the delivery guy who is a few minutes late"

　　At the graduation ceremony, it is also common for principals to tell graduates about life. Many principals use a philosophical and speculative approach to bring more thoughts to their lives when graduates leave their alma mater.

　　"Please be sure to boldly help the old man who fell, and drive away the cold and numb with a warm heart. Don’t easily give bad comments to the takeaway guy who is a few minutes late. Life is really not easy, and being tolerant of others is also illuminating yourself." Tan Zhen, the principal of Huanghuai College, sent this message to his students, to stick to the principle and bottom line, not to be fooled by glitz and not to be coerced by utilitarianism.

　　This simple graduation speech also quickly became popular on the Internet. Thousands of netizens were moved and praised it, calling it a positive energy in the graduation season.

　　At Sichuan University, Li Yanrong, the president of Sichuan University, sent the philosophical speculation of "treating others well in good times and yourself well in bad times" to the graduates. Li Yanrong sent a message saying that he hoped that when everyone is smooth and strong, they will be more magnanimous and have a heart, show kindness, kindness and humility, and when they are in a trough, they should know how to be kind to themselves, less competition with themselves, and don’t treat themselves badly with the mistakes of others.

　　"The meaning of life is not so complicated. Simply put, it is because of your existence that people around you feel better about life, not because your appearance makes people around you miserable. Being ordinary can make your family better; small achievements can make the team better; holding an important position can make the country and society better." Li Yanrong said.

　　At Jiangsu University, the president, Yan Xiaohong, instructed graduates to "be yourself". He said that to be true to yourself, insist on seeking goodness and truth, do not do people who go against your heart, do not do things that go against your heart, and do not do things that are fraudulent, do not forget your original intention, insist on pursuing; be yourself, self-planning, self-management, self-motivation, self-empowerment, and show your personality and prove yourself with unique core competitiveness.

　　Data map: On June 22, Wuhan University held the 2018 graduation ceremony. More than 10,000 teachers and students insisted on completing the graduation ceremony in the rain, and the atmosphere was touching. Image source: Dongfang IC

　　Very warm

　　The university president treats the graduates to dumplings

　　Graduation season, warm words parting is always the "main theme", college presidents also showed their warm side, sending blessings to the graduates.

　　"Wherever the students are, Nanjing University is there." At the graduation ceremony of Nanjing University’s 2018 graduate students, President Lu Jian said goodbye to the graduates affectionately.

　　At Wuhan University, President Dou Xiankang borrowed the prose poems written by previous graduates to say goodbye to the graduates.

　　"Students, your senior sister Yu Shan wrote in a prose poem to her alma mater: ‘Wuhan University students are also trees, and they carry the soul of the Wuhan University tree in all directions. No matter where the roots of Wu University students are planted, there will always be one that extends to Luojia Mountain.’"

　　At Chengdu Normal University, according to media reports, at the graduation ceremony of the school’s School of Literature and Journalism, Professor Liu Hongren said as a teacher representative: "The alma mater is most sorry for you, and owes you a boyfriend." He said that the ratio of male to female students in the school is 1:9, so that students have no love during the youthful season of love. He also urged students to find someone worthy of love quickly and have a vigorous relationship.

　　At Jiamusi University, according to media reports, the school specially prepared dumplings for the graduates. Meng Shangjiu, president of Jiamusi University, said at the graduation ceremony: "Students, there is a famous saying in the cafeteria of our B hospital: takeout is available every day, and the cafeteria is only for four years. Eat and cherish it. Please be sure to taste the dumplings provided by the school for everyone to see off. Dumplings are all similar, but today’s meal is always different." (End)

　　It is well known that if a person consumes more energy than they expend, the body may gain weight and vice versa. It only takes a scale to measure a person’s weight gain and loss.

　　How the galaxies in the vast universe, especially the Milky Way where humans live, are changing is a major problem plaguing astronomers around the world. Recently, an international research team led by European Space Agency astronomer Dr. Andrew Fox wrote in the Astrophysical Journal that the gas inhaled by the Milky Way is more massive than the gas exhaled, and it is in the process of "getting fat".

　　So, what is the mystery behind the "breathing" and mass changes of the Milky Way? What effects will this "fattening" have on the Milky Way?

　　Gas material exchange, activate "a pool of spring water"

　　Gas is constantly being "blown" out of the Milky Way, but these gases will be "sucked" back into the Milky Way and fall on the Milky Way. What does this "breathing" mean?

　　"This is the cycle of gas and dust matter brought about by the birth and death of stars," Zuo Wenwen, an associate researcher at the Shanghai Observatory of the Chinese Academy of Sciences, told Science and Technology Daily in an interview. Stars collapse from clouds of gas molecules in the silver disk to form. Stellar winds during stellar evolution, as well as supernova explosions that occur when massive stars evolve to the end of their lives, throw most of the material outward and send shock waves to the surrounding interstellar material, forming a shell-like structure of expanding gas and dust, known as a supernova remnant.

　　"Stars can be seen as originating from dust and returning to dust when they die," Zuo Wenwen said.

　　The entire life cycle of a star from birth to death accomplishes a large-scale transfer – transferring the gas and dust material in the Milky Way disk to the more peripheral halo of the Milky Way. Moreover, a star accumulates a large amount of metal elements during its lifetime. In astronomy, elements larger than the number of helium atoms are usually called metal elements. These metal elements are like a star working hard – working hard to burn itself and strive for the wealth it has accumulated in its lifetime. It occasionally "consumes" in its daily life, that is, throws some matter through the stellar wind phenomenon; more at the moment when the massive star is dying, the "possessions" it has accumulated in its lifetime are scattered, enriching the elemental composition of the entire galaxy, and igniting the spark of the origin of the next generation of stellar life.

　　As time goes by, the gas and dust in the halo will gradually clump together, causing gravity to cause these clumps of gas to fall back into the disk and begin the next round of star formation.

　　The death of a star creates the birth of a new star, and the end point is the starting point. The cycle is repeated, "born to death". The Milky Way also completes the exchange of gas and matter with the surrounding environment in the "sacrifice" of countless stars, like a lake with a pool of living water in it.

　　High-speed molecular cloud, tagged "floating population"

　　So, is the great lake in the Milky Way "rising" or "leaking"? Many researchers want to find out.

　　The answer given by this study is the former, that is, the gas inflow is greater than the outflow.

　　The study used ultraviolet data from the Hubble Space Telescope to study 187 high-speed molecular clouds, and determined their velocities in the Milky Way’s standard stationary reference system based on the movement of absorption lines relative to the wavelength of the stationary reference system. They were classified into inflow-speed molecular clouds and outflow-speed molecular clouds. Through calculations, the researchers estimated the inflow rate to be 0.53 ± 0.17 times the mass of the sun per year and the outflow rate to be 0.16 ± 0.06 times the mass of the sun per year, indicating that the Milky Way is currently in a period of inflow dominance.

　　Zuo Wenwen pointed out that the attractive forces of the Milky Way may drag some of the intergalactic medium in, and may also drag some of the gas from its satellite galaxy.

　　The Science and Technology Daily reporter noticed that the main object of this research is the high-speed molecular cloud. There are countless gas and dust in the Milky Way, why did the researchers only aim at the high-speed molecular cloud?

　　Zuo Wenwen mentioned that there is an interstellar medium between stars, and an intergalactic medium between galaxies. A galaxy is not a system with closed boundaries.

　　As a result, no gas would voluntarily label itself an "outsider" or a "native." So how do researchers define which gases are outflow or inflow "floating people" and which are "permanent" residents of the galaxy? The starting point for solving these problems is the high-speed molecular cloud.

　　Usually, the "resident" gas in the Milky Way disk rotates at the same speed as the Milky Way disk. The gas in the high-speed molecular cloud is moving faster than the rotation speed of the Milky Way disk, which means they are likely a type of inflow or outflow gas. Then observe the speed direction of the molecular cloud and analyze whether it is moving towards or away from the Milky Way disk to determine whether the molecular cloud is inhaled or exhaled by the Milky Way.

　　Of course, some scholars have also pointed out that the study ignores the high-speed gas structures that already exist in the silver disk, such as Fermi bubbles, which will undoubtedly bring errors to the experiment.

　　Zuo Wenwen also said that the study is based only on gas clouds with lower temperatures (about 10,000 Kelvin), and the annual inflow and outflow of gas are all lower limits. More data is needed to obtain more accurate results.

　　The significance of respiration regulates the life cycle of stars

　　"The formation of stars is regulated by the relationship between gas inflows and outflows. Therefore, studying the gas cycle process is very important for studying star formation and galaxy evolution." Zuo Wenwen said that the Milky Way is the galaxy we live in, and has relatively rich observational data to study the gas cycle problem.

　　Perhaps many people will wonder what might have happened if the galaxy had been in a state where more gas was flowing in than out?

　　"More gas is accumulating in the galaxy than is flowing out. The Milky Way provides the raw materials for star production – gas, dust, which contributes to subsequent star formation." On the contrary, if more gas is flowing out of the galaxy than is flowing in, Zuo Wenwen said, one day, the raw materials for star formation will be lost, and no new stars will form in the galaxy. In fact, while inflows and outflows determine whether a galaxy will have continued star formation, it is also important to pay attention to how large the gap is and how long it lasts.

　　In 2018, astronomers at Tohoku University in Japan wrote in the journal Nature that the Milky Way experienced a period of dormancy that lasted for billions of years between two "baby boomers" of star formation, and actually "came back to life" after "death," a phenomenon that is inseparable from the galaxy’s gas cycle.

　　According to this study, the Milky Way began to form the first generation of stars by inhaling a large amount of cold gas early on. About 7 billion years ago, shock waves from the star collapse explosion heated the gas within the galaxy to high temperatures. This caused the cold gas to stop flowing into the galaxy, and with it, star formation stopped. Over time, the Milky Way’s hot gas gradually radiated and cooled, and began to inhale new cold gas 5 billion years ago. This led to the formation of the second generation of stars, including the Sun. More importantly, other studies suggest that the Milky Way’s neighbor, the Andromeda galaxy, may have gone through a similar process. This suggests that massive spiral galaxies tend to experience a "dormant period" of star formation, while smaller galaxies do not.

　　In fact, the concept that galaxies "breathe" also applies to smaller systems in the universe, such as stars and even planets. Compared to the "weight gain" of the Milky Way, the sun and the earth are losing weight. According to NASA and MIT, the sun loses 1.3245 quadrillion tons of mass each year, and the earth loses 1 to 50,000 tons each year.

　　As the Universe Today website puts it: "Whether we are talking about planets, stars or galaxies, they all experience birth, life and death. During this time, they may gain or lose a few pounds. The cycle of life unfolds on a cosmic scale." (Intern reporter, Yu Ziyue)

China Fund News, Chenxi

On Friday evening, Hengda had another big news!

The first is that China Evergrande announced on the Hong Kong Stock Exchange that it has fulfilled various resumption guidelines, including the publication of all unpublished financial results required by the listing rules and the resolution of any audit qualified opinions. The company has applied to the Stock Exchange to resume trading in the company’s shares from 9:00 am on August 28, 2023.

Before China Evergrande, Hengda Automobile and Hengda Property have resumed trading successively. Hengda Automobile resumed trading by nearly 70% on the day, and Hengda Property resumed trading by nearly 50%. Before the suspension, China Evergrande’s share price had fallen to HK $1.65 per share, with a total market value of 21.80 billion Hong Kong dollars. The performance of China Evergrande’s share price next Monday will attract great attention from the market.

In addition, tonight Hengda Automobile also announced the performance of the first half of 2023: the first half of the group’s revenue was 155 million yuan, net loss 6.873 billion yuan, a year-on-year loss of 48.6%. As of June 30, the company’s net debt fell to 32.84 billion yuan.

So here it is.

China Evergrande officially announced the resumption of trading

Trading will resume next Monday

After Hengda Property and Hengda Automobile, China Hengda will finally resume trading.

On the evening of August 25, China Evergrande announced on the Hong Kong Stock Exchange that the company has fulfilled various resumption guidelines and has applied to the Stock Exchange to resume trading of the company’s shares from 9:00 am on August 28, 2023.

In order to resume trading, China Evergrande issued a one-time reissue of its financial results for 2021, the first half of 2022 and the full year of 2022 on July 17.

Among them, in 2021, China Evergrande’s annual revenue was 2500.1 billion yuan, with a net loss of 686.22 billion yuan. In 2022, the loss was reduced. The revenue recorded in that year was 2300.7 billion yuan, and the net loss was 125.81 billion yuan. That is, China Evergrande’s total net loss for two years reached 812 billion yuan. In terms of liabilities, as of the end of 2022, China Evergrande’s total liabilities were 2.43741 trillion yuan, and 1.71639 trillion yuan after excluding 721.02 billion yuan of contractual liabilities.

In January this year, China Evergrande replaced its auditor: PricewaterhouseCoopers (PricewaterhouseCoopers) resigned and appointed Shanghai Parkson PricewaterhouseCoopers Co., Ltd. as the new auditor. In the resumption guidelines, the new auditor gave solutions/solutions to all 9 matters raised by the predecessor. The board of directors of China Evergrande believes that the matters raised by Luo PricewaterhouseCoopers in his resignation letter have been fully resolved and believes that the company has fully fulfilled the resumption guidelines.

In addition, regarding the situation that Hengda’s 13.40 billion yuan pledge guarantee was enforced by the relevant banks, China Evergrande gave further investigation results: among the directors during the relevant period, Xu Jiayin, Xia Haijun and Pan Darong were able to contact and hold relevant documents. Some documents related to the pledge guarantee arrangement were signed by Xu Jiayin, but Xu Jiayin said that the signing was only a process and denied any knowledge of the pledge guarantee arrangement.

In July last year, China Hengda had announced that due to Hengda property 13.40 billion yuan deposit pledge was the relevant bank enforcement matters, the company’s executive director and chief executive officer Xia Haijun, executive director and chief financial officer Pan Darong, subsidiary Hengda Group Co., Ltd. executive president Ke Peng, has been asked to resign the relevant positions.

According to the independent investigation results, both Xia Haijun and Ke Peng have left, and Pan Darong has been transferred to a company under Evergrande as an ordinary employee. Therefore, the board of directors believes that there are no regulatory concerns about the integrity of the company’s management and has fulfilled the requirements of the resumption of trading guidelines.

732 construction projects resumed

Total assets 1.74 trillion yuan

In order to demonstrate that the company has sufficient business operations, China Evergrande has also released a number of business data.

China Evergrande said that the company takes stable operation and risk as the first priority, and actively promotes the work of the protection building with the greatest strength. It has obtained the understanding and support of various parties, including local governments, upstream and downstream enterprises, owners, etc., and has realized the full resumption of 732 protection building projects. A total of 301,000 sets of buildings will be handed over in 2022. The cultural tourism project on Haihua Island in Hainan, China has been operating steadily and has received more than 7.60 million tourists.

As of June 30, 2023, China Evergrande Group has a land bank of 190 million square meters. In addition, the Group is also involved in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.

China Evergrande said that the company’s current sources of Working Funds are mainly rescue fund loans provided by local governments, project disposal income, existing regulatory funds and daily operating sales income. In the first half of 2023, the group realized the contract sales amount of RMB 33.413 billion yuan, the contract sales area was 5.115 million square meters, and the cumulative sales refund in the first half of the year was RMB 27.10 billion yuan.

As of June 30, 2023, the total assets of China Evergrande Group were approximately 1.743997 trillion yuan. The board of directors believes that the group has sufficient business operations and has assets of sufficient value to support operations.

It has been 17 months since China Evergrande suspended trading on the morning of March 21, 2022. According to the "18-month delisting" system arrangement of the Hong Kong Stock Exchange, China Evergrande applied to resume trading in time at the deadline, ushering in a turnaround. After China Evergrande resumes trading, China Evergrande, Evergrande Property and Evergrande Automobile, the three listed companies of Evergrande, will fully resume trading.

The resumption of trading is not easy, and the share price is even more worrying. Before the suspension, China Evergrande’s share price had fallen to 1.65 Hong Kong dollars per share, and the total market value was 21.80 billion Hong Kong dollars. The performance of China Evergrande’s share price next Monday will attract great attention from the market.

In contrast, Hengda Motor resumed trading on July 28, the day plummeted nearly 70%. Hengda Property resumed trading on August 3, the day fell nearly 50%, the continuous decline has been reduced to penny stock, the latest total market value 7.50 billion Hong Kong dollars.

Hengda Automobile reduced losses by 48.6% in the first half of the year.

Net debt fell to 32.80 billion

On August 25, Hengda Automobile announced in the Hong Kong Stock Exchange that the group’s revenue in the first half of the year was 155 million yuan, and the net loss was 6.873 billion yuan, a year-on-year reduction of 48.6%.

In the 6.87 billion loss, Hengda Automobile said that the discontinued business (i.e. divested real estate projects) held for sale lost 1.061 billion yuan, non-operating losses such as asset disposal and asset impairment 3.716 billion yuan, and operating losses 2.096 billion yuan.

The announcement shows that the Group’s discontinued business (i.e. divestment of real estate projects) held for sale was completed on May 12, resulting in a decrease of 43.139 billion yuan in net liabilities in the financial statements. As of June 30, the company’s net liabilities fell to 32.84 billion yuan.

The announcement shows that for the six months ended June 30, 2023 (the reporting period), Evergrande continued to focus on the high-quality production and delivery of the Hengchi 5, improving and streamlining the production management system. Of all the pre-orders for the Hengchi 5, more than 760 units were delivered during the reporting period. In terms of research and development results, Evergrande has applied for 3,512 patents in similar research fields worldwide, of which 2,715 have been granted patents.

Evergrande Motor said that it will fully promote the mass production and delivery of Hengchi 5 in the future. The Group will continue to lay a solid foundation for research and development. While accelerating the research and development of core technologies to lead the research and development of smart electric vehicle technology, it will continue to focus on the research and development of new models. Evergrande Motor will strive to improve the manufacturing level of the Tianjin manufacturing base, improve the quality system, and ensure high-quality production and delivery. In terms of sales, it will further expand sales channels, create overseas markets, and continue to improve sales and after-sales services.

Prior to this, on the evening of August 14th, Hengda Automobile announced that it had received the first strategic investment of US $500 million from the US-listed company Newton Group (NWTN), which is held by the UAE sovereign fund, and another 600 million RMB transition funds will arrive one after another within 5 working days after the announcement. All the war investment funds will be used for Hengda Automobile’s Tianjin factory to ensure the normal production of Hengchi 5 and the mass production of Hengchi 6 and 7.

On August 25, Hengda Motor closed at HK $1.29/share, down 3.01% on the day, and the total market value 14 billion HK $.

Editor: Joey

Review: Wood Fish

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Original title: "Sudden! Evergrande Late Night Announcement"

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Extension project of water plank road. Image source: Guangzhou Daily

　　Qingyuan Beijiang Nan ‘an Park finally realized the connection with Riverside Park. It is reported that the water plank road expansion project from Qixinggang to Jiangbin Park was successfully completed and opened, and a "cool" bidao was added in Qingcheng District.

　　After more than four months of hard construction, the expansion project of Bi Road connecting Nan ‘an Park and Lilac Garden plank road has finally been put into use. It is reported that the wading projects of the project are all arranged along the river. Among them, the water plank road project adopts high-piled beam-slab structure, with a length of 214.1 meters and a width of 4.5 meters, and the maximum distance offshore is 33 meters. The water plank road will connect Beijiangbi Road for 15 kilometers, making it the longest river-view riding landscape in the province.

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# Tell the truth # China history: a long and rich cultural heritage.

China, a country with a long history of 5,000 years, is famous for its profound cultural and historical heritage. From ancient Oracle Bone Inscriptions and bronzes, to a hundred schools of thought contending during the Spring and Autumn Period and the Warring States Period, and then to Qin Shihuang’s unification of the six countries, the history of China is like a colorful picture, showing the wisdom, courage and determination of the people of China.

In ancient times, China was famous for its prosperous commerce, agriculture and handicrafts. Oracle Bone Inscriptions and bronzes in Shang Dynasty, as well as a hundred schools of thought contended during the Spring and Autumn Period and the Warring States Period, are all bright pearls in the history of China. These achievements of civilization not only have a far-reaching impact on China, but also have made important contributions to the development of world civilization.

After Qin Shihuang unified the six countries, the history of China entered a feudal society. During this period, China’s politics, economy, culture and science and technology have made great progress. Great projects such as the Great Wall, the Grand Canal and the Terracotta Warriors were all initiated by Qin Shihuang, which fully demonstrated the diligence and wisdom of the people of China.

The Tang and Song Dynasties was another peak in the history of China. The prosperity and cultural prosperity of the Tang Dynasty, and the development of science, technology and commerce in the Song Dynasty have all contributed a lot to the history of China. Poetry of Tang and Song Dynasties is a cultural treasure of this period, and it is still praised by people.

After entering modern times, China experienced many wars and turbulence. However, the people of China have never given up their pursuit of a better life. In the War of Resistance against Japan, the people of China resisted the Japanese invaders and defended their homeland with perseverance. After the founding of New China, China began the road of reconstruction and development. Today, China has become the second largest economy in the world, and people’s living standards have been greatly improved.

Looking back at the history of China, we can’t help being proud of the wisdom, courage and determination of the people of China. The long and rich history of China is not only reflected in the ancient civilization heritage, but also in the tenacious resistance and unremitting efforts of the people of China in various periods.

Looking ahead, we believe that China will continue to maintain its historical and cultural heritage and innovation. In the new era, the people of China will continue to carry forward their fine traditions and spiritual qualities and work hard to realize the Chinese dream of the great rejuvenation of the Chinese nation.

To sum up, the history of China is a great epic full of wisdom, courage and determination. It is not only the precious wealth of China people, but also the common heritage of all mankind. Through in-depth study and understanding of the history of China, we can better understand the spiritual world and values of the people of China, and at the same time, we can better appreciate and inherit this great cultural heritage.

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The 2021 China International Services Trade Fair ("Service Association") is about to be launched. Beijing Global Studio, Beijing Global Studio, will be unveiled in the Beijing sub -center.

According to reports, after the official launch, Kung Fu Panda, the "top flow" of the global studio, and so on. It will also come to the scene and the audience in advance.

Beijing Universal Studios is located in Tongzhou District, Beijing. In the 20 years of construction, 7 years of construction, this year, after the opening, "double", today, I finally started trial. It will be officially opened on September 20.

As the world’s largest global studio, what is mysterious here? Shanghai Securities Journalists take you to explore.

Harry Potter, Xiaoyang and other top traffic collection

VR dazzling technology immersion experience

A reporter from Shanghai Securities and Magazine came to Beijing Global Resort in Tongzhou District, Beijing, early.

It is very convenient to take the subway. Both Beijing Metro Batong and Line 7 are global resorts. The volume of the station is equivalent to three times the total railway station. There are 4 safety entrances 82.

From the subway, the west side of the station is the urban avenue, restaurant and theme store of the global resort, about 700 meters again. You can reach the resort.

Global studios have the magic world of Harry Potter, Kung Fu Panda Glass, Xiaoyang Paradise, Transformers, Jurassic World Nubra Island, Hollywood Avenue, Future Water World, and so on. 7.

In the park, first of all, this is a milestone building in Hollywood. On Hollywood Avenue, you can play a monster, Maryline Monroe, and take a group with them. In a film -specific product factory, you can experience the effect of photoelectric mixed. Experience the entire movie production process.

Hollywood Avenue is not far from the right. It is currently the largest little yellow garden in the world. Visitors can enter Super Mengle Island on a huge pier. Experience the stimulus of the roller coaster, or sit at a bird’s -eye view of the Menci Rose Vortex 360 ° Island.

In Nubra, Jurassic World, experience the "Jurassic World Adventure", adopt a complete terrain luxury automatic system (Atlas) into the wilderness of Nubra Island and meet dinosaurs.

"Global resort is full of technology. Many projects are real scenes and 3D virtual scenes. Visual art enjoyment is very good." Tourists told reporters.

In the "Future Water World" theme scenic spots, the feeling of immersion continues various details. Even a hair dryer can be heard in the bathroom. It is shocking to accelerate the technology of water gasoline, accelerate, and bullets. Until the plane crashed & hellip; & hellip; various stunt performances made tourists scream again, it seemed to be in a wonderful "water war".

The largest and most exciting roller coaster in the park- "DABA Tiger Roller Trolley", 4. Within 5 seconds, it can be accelerated from a static state to 104 kilometers.

Except for playing, I can’t eat, drink, drink and various products! There are 80 restaurants and 30 retail stores. Ice cream from Xiaohuang people and other themes, butter beer to signature & hellip; & hellip; various novels diet, of course, the price is also "unforgettable"!

The fare has not yet been announced

Beijing or enter the Mid -Autumn Festival domestic tourism is the hottest

Beijing Global Studio fare? The recent testing and test operation tests have been fired thousands of yuan. But the official fare has not been announced.

Compared with Shanghai Disneyland, before, he had just issued a ticket adjustment plan: starting from January 9th, 2022, the conventional daily ticket adjustment was 435 yuan, the special agreement was 545 yuan, the peak day was 659 yuan, and the special peak day was 769 yuan.

After the official opening on September 20, the theme park of Beijing Global Studio needs to enter the ticket. In Beijing Global City Avenue, tourists can go to the case without buying tickets. Adjustment.

The time to open the global resort is a coincidence in the Mid -Autumn Festival. Where to analyze the main data research institute, the Mid -Autumn Festival has always been the off -season of long -distance travel. Especially in Beijing, in the Mid -Autumn Festival, there is usually a scene of "going out" instead of "entering Beijing". As the Global Resort was officially announced in the Mid -Autumn Festival, Beijing is expected to be the most popular destination of the Mid -Autumn Festival.

How to promote the Beijing economy?

It is reported that Universal Studios Beijing covers an area of ??120 hectares, plus 280 hectares of resorts. After completion, it will become the world’s largest global vast city. This is 2 times that of Osaka Global Studio, 5 times of Singapore Global Studio, and 4 times in Shanghai Disney.

The existing section of the global resort includes the theme park of Beijing Global Studio, Beijing Global City Avenue and two resorts. The second phase of planning construction includes the theme park of Chinese elements, which introduces IPS such as Chinese culture and Sun Wukong; the three -phase plan construction water park, with a total investment of more than $ 50 billion.

CITIC Jianota predicts that Universal Studios Beijing receives about 15 million to 20 million people, and the price of guests is expected to exceed 1,500 yuan. After maturity, the annual turnover is about 25 billion yuan to 30 billion yuan.

Pacific Securities believes that the global resort will directly drive Beijing’s tourism revenue by 4 % -5 %, and the annual growth rate of the industry around the tourism industry will increase by more than 100 billion yuan. the value of.

Many listed companies participate in the global studio industry chain

As an investor, the capital story behind Beijing Global Studio is more concerned about.

From the official disclosure information, Beijing Global Resort has Beijing International Resort Hotel Beijing International Resort Hotel, which is a joint venture with Beijing Ryan Cultural Tourism Investment Co., Ltd. and Kangcaster NBC Global Commercial Position And resort.

Beijing Handbiao Cultural Tourism Investment Co., Ltd. is the Beijing Municipal Government that mainly supports investment, development, operation and Beijing Global Resort. It is usually used by five Beijing state -owned enterprises. Including one of China’s largest tourism companies -Beijing Chiefs Group.

As the largest shareholder of the global studio, the first travel hotel of the first group, Wangfujing, Quanjude, the first commercial stock, and so on. This is the closest and benefited from this industrial chain.

At present, there are only two hotels in NOVOLI in the Universal Studios -Universal Studios Hotel and Resort. The number of rooms is about 1200. These two hotels are management of 50 % of the International Cay and First Tourism Group. And before December 31st, he has been committed to injecting a girl hotel, 2022. In June of this year, the hotel’s discipline announced a $ 3 billion plan. Global Studios near the theme hotel, in order to seize market opportunities.

In addition to the first time, many listed companies have recently responded to investors in Shanghai and Shenzhen. It appeared in the case of cooperation with Beijing Universal Studios.

Wangfujing said that the company produced by Wangfujing Shopping Center produced by the company is expected to be opened with the global studio scenic spot. However, in order to deal with the market tax, the company revealed that there is no specific plan to open global studio.

All the rally and delivered a speech thatthe Quanjihuzhuang is located on the city avenue of Universal Studios. The project covers an area of ??more than 15,000 square meters. The form of snacks, dinner, takeaway, terrace bar, etc. Organic combination. The store will be tested at the same time as global studios on September 1.

There is also an investor’s "adapter". Beijing Culture Group, Beijing Culture Group, Holding Bank, is one of the investors of Beijing Global Studio.

CITIC Tourism, China Youth Travel, and so on. It is a formal authorized partner of the Beijing Global Resort Tourism Channel.

Also, many listed companies have participated in the project construction of global studios. For example, Jintu Group is one of the main suppliers of Beijing Global Studio Green New Building Materials; time and space technology participation in the construction of Beijing Global Studio theme park support construction (first stage) urban avenue flood lighting project construction; Yuanwang valley and valley and Beijing International Resort has signed a franchise agreement for many years.

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"Shanghai Securities Journal" on July 1, 1991, with the establishment of the New China Securities Market, it is the first national financial daily daily that my country provides authoritative financial securities. "Shanghai Securities News" is a key newspaper, Xinhua News Agency, and the China Securities Regulatory Commission designated information disclosure newspapers.

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