Among the new forces of making cars, they are divided into two levels, one is the first echelon composed of Wei Xiaoli, and the other is the second echelon headed by Nezha and Zero Run. Nowadays, the second echelon has great potential to catch up with the first echelon. In the past August, Nezha and Zero Run beat Wei Xiaoli with monthly sales of 16,017 vehicles and 12,525 vehicles respectively.

In fact, this is not the first time this year. In July, the sales volume of Nezha and Zero Run Month were equally pressing "Wei Xiaoli". In order to further pursue victory, recently, the news of IPO in Hong Kong came from Zero Run.

On September 20th, Zero Run Auto announced that it would offer shares from September 20th to September 23rd. The number of shares sold worldwide was 130,819,100, the number of shares sold internationally was 117,737,100, and the number of shares sold in Hong Kong was 13,082,000, with 10% sold in Hong Kong, 90% sold internationally, and up to 15% over-allotment. The par value is RMB 1 yuan per H share, and the highest offering price is HK$ 62 per share, which is expected to be no less than HK$ 48 per share.

At the same time, the expected release time of Zero Run is 9: 00 a.m. on Thursday, September 29th, and H shares will be bought and sold for every 100 shares with the trading code of 9863. This also means that after Wei Lai, Tucki and Ideality, Zero Run Auto took the lead in winning the fourth IPO ticket of the new car-making force.

Why are the new forces making cars eager for IPO?

In September, 2018, Weilai Automobile, a new vehicle-making force, was officially listed on the NYSE, which sounded the first bell of China New Energy Vehicle NYSE, and was also the first stock of new vehicle-making force. For a time, IPO is almost the dream of every new car-making force.

In fact, three months before Zero Run announced its IPO, Weimar Automobile, which is also the second echelon of the new car-making force, also submitted a prospectus to the Hong Kong Stock Exchange. At that time, some insiders predicted that Weimar Automobile would be listed and traded in the third quarter if all goes well, but at present, the listing process of Weimar Automobile has obviously lagged behind Zero Run Automobile.

Then, why are the new forces making cars eager for IPO?

In fact, the reason is simple, lack of money. How expensive it is to build a car. I believe everyone knows that throwing tens of billions into it may not necessarily produce a car. At one time, CCTV criticized Baiteng by name and burned 8.4 billion financing funds, but even a car was not built. Li Bin, CEO of Weilai Automobile, once said that if there is no 20 billion, don’t build a car; He Xiaopeng also shouted after Xpeng Motors completed the A+ round of financing, "In the past, I thought that 10 billion was too exaggerated to watch others build cars, but now I think that 20 billion is not enough."

As a heavy asset business, there is no doubt that cars burn money. In addition to the technical barriers that the car itself has to pass, financing wars and burning money and blood transfusion are the only ways for new car makers.

Under the new round of capital turmoil, whether it can be listed has become a watershed for the new car camp. In recent years, new car-making enterprises have successfully landed in the capital market, and even achieved "double-board" listing, which has been given a high valuation by the market. This not only stimulates the listing desire of other car-making enterprises, but also intensifies the industry competition.

Can the zero run of IPO in Hong Kong lead successfully?

I still remember that in 2021, at the launch conference of the Zero Run Car 2.0 strategy, Zhu Jiangming shouted the slogans of "surpassing Tesla in three years", "pushing eight new cars in four years" and "selling 800,000 vehicles in 2025", and it is necessary to realize the overtaking and leading of Tesla in intelligent driving technology.

As a corporate slogan, it is not a problem to increase the team’s sense of unity and inspire everyone to work hard. It is only three years to surpass Tesla. Is this possible? I’m afraid Zhu Jiangming has no bottom in his heart.

It is hard to say whether it can surpass Tesla, but the sales of zero-running cars have indeed surpassed "Wei Xiaoli", and the recent momentum is really fierce.

From July to August this year, the sales volume of zero-running cars exceeded 10,000 for two consecutive months, with 12,044 vehicles and 12,525 vehicles respectively. From January to August, a total of 76,556 vehicles were delivered by zero-run vehicles, which is one of the fastest-growing enterprises in the sales of new car-making forces, and has now been firmly in the lineup of the first echelon.

Sales are increasing, but profit is still a problem.

In 2019, 2020 and 2021, the revenue of zero-running cars was 116.9 million yuan, 631.3 million yuan and 3.132 billion yuan respectively, while the operating losses were 730 million yuan, 870 million yuan and 2.868 billion yuan respectively. The losses during the year were 900 million yuan, 1.1 billion yuan and 2.846 billion yuan respectively.

The loss in three years was 4.846 billion yuan. According to the prospectus, the company’s net loss in the first quarter of this year was 1.042 billion yuan. That is to say, from 2019 to the first quarter of this year, the zero-running car has accumulated losses of more than 5.8 billion yuan. The more you sell, the more you lose.

From the perspective of gross profit margin, from 2019 to 2021, the gross profit margin of zero-running cars was -95.7%, -50.6% and -44.3% respectively. Although the gross profit margin is increasing year by year, the gap is still large compared with "Wei Xiaoli".

Therefore, the actual situation of the seemingly scenic zero-running car is not optimistic, and it will be listed as soon as possible or the only chance to get a break.

Of course, even if it is successfully listed, Zero Run still cannot escape the market competition. From the product point of view, at present, there are three models of zero-run cars, namely coupe zero-run S01, mini-car zero-run T03 and medium-sized SUV zero-run C11. Although it is positioned as a mid-to high-end market with a price range of 100,000-300,000 yuan, its retail T03, which focuses on the low-end market, has become the main sales force. However, the profit margin brought by mini-cars is extremely limited.

Nowadays, the price of raw materials has skyrocketed, which makes the advantages of mini-cars no longer obvious, and ultimately affects the sales and profits of car companies. Not only zero-run cars, but also Weimar cars, which have been wandering in the low-end market, are also facing difficulties.

Of course, Zero Run is also trying to change the current product layout. It is mentioned in the prospectus that by the end of 2025, Zero Run plans to launch eight new models, including three cars, four SUV models and one MPV model, to expand its product matrix. And this requires a lot of financial support, so IPO has become the quickest way.

At present, the competition in the new energy automobile industry is becoming increasingly fierce. Traditional car companies, new forces and internet companies have joined the army of car makers. Specifically, BYD’s sales are far ahead; Although the sales volume of "Wei Xiaoli" is not good this year, its layout is complete and its advantages are still there. Although the zero-run car took the lead in becoming the fourth listed new force in China, there are still too many unknowns to achieve the lead.

Topic: Boao Forum for Asia Annual Conference 2009

　　Xinhuanet Boao (Hainan) April 17th The annual meeting of Boao Forum for Asia 2009 was held from April 17th to 19th, 2009. More than 1,600 representatives from all over the world gathered in Hainan. It will discuss hot topics such as the evolution of the current financial crisis, whether the Asian economy can take the lead in getting out of the haze, the adjusting real estate market and capital market. "Xinhuanet enters Boao" will conduct a series of interviews and invite guests to communicate with netizens on related issues. The guest who walked into the interview room of Xinhuanet today is Robin Li, chairman and CEO of Baidu.

　　On the 17th, Li Yanhong, Chairman and CEO of Baidu, was a guest of Xinhua News Agency’s high-end interview and the live broadcast room in front of Xinhuanet Boao Forum. Photo by Xinhuanet Qiu Xiaomin.

　　On the 17th, Li Yanhong, Chairman and CEO of Baidu, was a guest of Xinhua News Agency’s high-end interview and the live broadcast room in front of Xinhuanet Boao Forum. Photo by Xinhuanet Qiu Xiaomin.

　　Why did you come to Boao? Understand the changes that have taken place in the worldRemind people to seize Internet opportunities.

　　Moderator: First of all, I would like to congratulate Mr. Li on becoming the co-chairman of the Young Leaders Forum of the Boao Forum for Asia. The first question I want to ask Mr. Li is, what kind of views do you want to express most when you attend the Boao Forum?

　　Li Yanhong: I think this is a very special period, that is, the global financial crisis or economic recession. Now it is very obvious. At such a moment, many people have stronger communication needs than before. I came here mainly because I want to have a better communication with more people, whether they are people in the same industry or people outside the industry, or people in China, Asia or even other countries, and learn more about what is happening in the world. At the same time, it is also a process of learning from each other. I think everyone who comes to Boao should seize this good opportunity, communicate more and understand what others are thinking, so as to enhance their confidence and do things better.

　　The crisis has also affected Baidu, but it is not particularly big. Of course, Baidu probably has more than 200,000 active enterprises as our customers, including large enterprises and more small and medium-sized enterprises, so in a sense, Baidu’s customers can represent the cross-section of China’s economy. So we felt the impact of the crisis from the fourth quarter of last year, especially in November and December, and many customers became more cautious in consumption than before. By January, it can be said that it has become more obvious. But after the Spring Festival, there was a very obvious rebound. We felt that when the economy turned around a little bit, these customers came back quickly, because they found that Baidu was a very good platform to promote their products and services.

　　When customers are faced with crisis, they will usually become more rational after a period of digestion, and the choices made after rationality will use more advanced methods and means for marketing. In this sense, Baidu is a beneficiary. To be exact, there was an obvious rebound after the Spring Festival, and this rebound has continued until now. I don’t think I dare to predict the future, saying that there will be and there will be no crisis in the future. Or will it only develop in a good direction, not in a bad direction? I dare not say this. As an entrepreneur, we should conscientiously do our own thing well, try our best to have a better positive effect on society and economy, and hope that the overall market situation will get better and better.

　　At the Youth Leaders’ Forum this afternoon, we talked about one thing, that is, the economic crisis is coming, and many enterprises have taken some measures, whether it is to lay off employees, control costs, or change direction, etc. In fact, one common feature of these measures is to improve efficiency, because the efficiency is improved, and the ability to cope with the crisis is enhanced. And the internet, I think its biggest advantage is to improve efficiency. Therefore, I remind people to grasp the opportunities brought by the Internet. For example, people’s ability and speed of obtaining information is unprecedented. Never before has it been so easy to obtain information. No matter where you are, whether you are a civilian or have a high status, everyone can easily obtain information from the Internet. This is because the Internet has played a very positive role in society, economy and culture at all levels.

　　How to look at the development of Internet? Coping with changes in the market is like changing the tires of a speeding car.

　　Moderator: Baidu is a very successful Internet company. What kind of experience do you have to share with you?

　　Li Yanhong: In fact, with the development of Baidu for so many years, we are still very concerned about the changes in the market. In the past ten years, in fact, Baidu has not done much, but has completely focused on doing Chinese search. Because on the one hand, this piece of technology is still improving, and there are many things to do. On the other hand, there are three factors that jointly promote the development of Chinese search. One is the number of users, that is, the number of netizens is constantly and rapidly increasing. The more people surf the Internet, the more people naturally use Baidu. Second, everyone’s online time is getting longer and longer. The longer it takes, the greater the probability of using Baidu. Third, there is more and more information on the Internet. The greater the amount of information, the greater the probability that a person will find the information he needs on Baidu. These three are promoting the development of the search industry at the same time, so it has been in the process of rapid development. It can be said that we have resisted many other temptations, whether it is portals, text messages or games, and we have not done anything, so we have focused on doing search. I think in the next few years, we will still be like this, but we will focus on Chinese search and gradually expand to the surrounding areas. For example, the Japanese search released last year, as well as a commodity search platform like "Baidu You", will gradually increase these things.

　　Moderator: That is, the scope and categories of search are more, and you insist that search is not relaxed?

　　Li Yanhong: Yes.

　　Moderator: So have you ever thought about what is the biggest obstacle and difficulty that may exist in the development of Baidu now?

　　Li Yanhong: On the one hand, we feel that the market is still very immature, and most enterprises in China are not aware of the benefits that search has brought them. At the same time, the rapid growth of the market has also made Baidu in a state of rapid development. For example, the number of people increases a lot every year, which is almost multiplied by 2 every year; On the other hand, the rapid changes in the market require you to constantly make adjustments to this organization. Such a difficulty is likened to changing the tires of a speeding car on the expressway, which is still very difficult.

　　As a manager of a company, we have to face many such problems every day. On the one hand, the rapid changes in the market require you to look at the direction very accurately and not miss any opportunity that belongs to you; On the other hand, it is actually very difficult to maintain a good and healthy company culture, make everyone confident every day, have a good and happy working relationship with each other, and maintain a strong executive power under the condition of increasing number of people. Especially as an entrepreneur, I didn’t manage anyone before Baidu. Now, from 20 to 40 people, to 160 people, to the scale of nearly 7,000 people, every day is new to me, and there are many new challenges.

　　What innovations are there in the next step? A new business model codenamed "Fengchao" will be released.

　　Moderator: In what aspects will Baidu consider introducing new technological achievements and innovative models in the future?

　　Li Yanhong: Baidu is a company that is very focused on Chinese search. For search engines, the profit model is similar all over the world. Everyone makes profits by promoting products for enterprises, which is called paid search, and it is said that it is paid according to the effect. We have been doing this for seven or eight years, but the more we do it, the more interesting it is. There are many things that can be improved, and we have invested considerable energy in this respect. This quarter, we will release a new product, the internal code name is "Fengchao", which is actually a revolutionary upgrade of the business model, which will greatly improve the user experience and customer experience.

　　Moderator: Last year, you recruited Huawei’s former vice president to Baidu as CTO. Do you plan to seek a breakthrough in the field of wireless search?

　　Li Yanhong: It should be said that in the past many years, probably since 2002, people have been telling me that I must do wireless search. I didn’t invest too much energy in wireless search in the past. Because before the 3G era, wireless search was a situation. After 3G, it may become unrecognizable and completely different. We don’t know what will happen in the future, so we haven’t invested much in this aspect in the past few years. Starting from this year, it should be said that the market situation will change greatly, because the three major operators have been gearing up to launch 3G services, so it is also an opportunity for Baidu, so in the next year or two, we will invest more in 3G and wireless search.

　　Moderator: It can be understood that 3G is a watershed for wireless search?

　　Li Yanhong: It’s a potential opportunity for us. It’s hard to say what it will turn into in the end. Whether it can become a watershed depends on how much users in China can accept such a service, such as whether its service is stable enough, whether its service is cheap enough and whether its speed is fast enough. All kinds of factors are not completely clear now.

Editor: Gao Song

Autopilot has attracted much attention recently.

According to the Securities Times, before the US stock market closed on Monday, Morgan Stanley released a research report saying that Tesla was used.Dojo Supercomputer for Training Autopilot System of AutomobileMight make the companyThe market value has increased by as much as $500 billion.. According to the research report, Dojo supercomputer can open up a "new potential market" for Tesla. On this basis, analysts upgraded Tesla’s rating from "holding" to "over-matching" and raised the target price for the next 12 months from $250 to $400.

Institutional analysts pointed out that Tesla’s share price still has a large room for growth, and software and services have become Tesla’s biggest value drivers, which are truly realized."Soft and hard take all". In July this year, Musk said at the company’s earnings conference that Dojo had started production and was considering authorizing its FSD(Full Self-Drive) hardware and software to other car manufacturers.

As soon as the news came out, the US stock price of Tesla was the same day.Up 10.09%, closed at $273.58 per share, with a total market value of $868.3 billion, soaring nearly $80 billion a day (about RMB 580 billion).

Tesla news also blew the benefits to the A-share related concepts, which resonated with the recent news of intensive domestic autopilot policies, stimulating the sector to continue to rise.According to the Wind financial terminal, the Wind Driverless Index (884162) fluctuated and rose this year. After hitting an intraday high of nearly a year on July 12, it experienced a callback for nearly a month. It began to stabilize and rebound on August 28 and closed on September 12.The range rose by more than 12%.

(Source: Wind)

In terms of financial performance,A-share smart driving concept stocks generally reported good results in the first half of the year.Among the 38 smart driving concept stocks, 28 companies achieved profitability in the first half of the year, accounting for over 70%. Among them, the net profit of Baolong Technology, Guangting Information, Daotong Technology and Asia Pacific Shares doubled year-on-year; Huayu Automobile, Top Group and Desai Siwei are the top three in terms of profit scale.

CITICSThe research report pointed out that global resonance,The domestic smart driving market is welcoming three turning points.：

1) Technically:Tesla’s "BEV+Transformer+ Data Closed Loop" model began to get on the bus in 2023, making it possible to navigate the city without relying on high-precision maps;

2) Commercialization:It is expected that the urban navigation function of various car companies will be intensively implemented from Q4 in 2023, and some of them will no longer rely on high-precision maps, and the commercialization of FSD in North America and its entry into China are also expected to accelerate;

3) Policy:Recently, the L3 autopilot policy has been intensively implemented, and the follow-up is expected to continue to heat up. It is expected that the above three turning points are expected to be realized one after another from September to early next year, leading a new round of smart driving.

The policy has been intensively implemented, and the L3 level has been "accelerated"

Recently, policies have been intensively implemented, and many attempts have been made to develop test roads to promote the improvement of the autonomous driving market. The industrial chain is experiencing an important link of entering a high-level stage.

Cinda securitiesIt is pointed out that L3, as the key node of assisted driving towards automatic driving, is currentlyThe domestic industry is in an important stage of transition from L2 to L3.L3 stage representative functions such as high speed and NOA(Navigate On Autopilot) have gradually begun to land.

(Source: Cinda Securities)

Chuancai securitiesIt is pointed out that the assisted intelligent driving market in China is becoming more and more popular, and consumers’ awareness of this function is increasing. Under this background, the government has vigorously strengthened the integrated development of vehicles and Lu Yun. The auto-related sectors related to intelligent networking mainly include auto parts sectors such as chip sensors, and we are optimistic about the future incremental space of related sectors.

Domestic companies actively deploy high-level smart drivers, and large models are rapidly promoted.

1 Tesla leads, and the new forces of building cars actively follow up the big model data.

Under the application of Tesla’s "BEV+Transformer+ Data Closed Loop" model, the technical feature of Tesla FSD is to remove most radars, which provides technical feasibility for light mapping. Among them, BEV is a bird’s-eye view. After the 3D information is obtained by the sensing sensor, it is interacted and fused with each image feature through the multi-layer Transformer, and finally the BEV feature is obtained. Not only can the spatial information be supplemented, but also the static target can be processed more efficiently.

Under the guidance of Tesla’s trend of "light map" and "heavy perception"Many companies in China, such as Huawei, Tucki and LI, have also begun to explore getting rid of the pilot driving of high-precision maps and actively lay out the development of large models.

Guoxin SecuritiesIt is pointed out that the landing of large model is expected to effectively improve user stickiness, and the company’s investment willingness is expected to be strong.Drive the upstream and downstream of the car industry chain to fully benefit..

　(Source: Guosen Securities)

(2) The large model helps to reduce the cost, and the NOA market in urban areas can be expected.

(Source: Guosen Securities)

Guoxin SecuritiesIt is estimated that in 2025, the penetration rate of autonomous driving with urban assisted driving function will increase from the current 0.4% to 6%.In 2025, the domestic autonomous driving market with urban driving assistance function will be 51 billion yuan.. In the long run, the market scale will continue to increase with technological progress.

(Source: Guosen Securities)

(3) The landing of large model promotes the hardware reform of intelligent driving.

Dongguan securitiesIt is pointed out that with the continuous improvement of the penetration rate of intelligent driving, as an important execution system in the field of intelligent driving, brake-by-wire has entered a period of rapid growth. With the continuous iterative upgrade of product technology,Domestic brake by wireIt is expected to achieve a breakthrough on the new track.

(Source: Guosen Securities)

Institutional concern

1) vehicle-mounted high-speed communication:Dianlian Technology, Long Xun, Yutaiwei, Chuangyao Technology;

2) Relevant targets of domain control and localization of Horizon chip:Tianzhun Technology, Desai Siwei, Junsheng Electronics, Jingwei Hengrun;

3) Intelligent driving visual sensor:Lianchuang Electronics, Weir, Stevie, Gekewei, Jingfang Technology;

4)4D millimeter wave radar:Jingwei Hengrun, Weifu Hi-Tech, United Optoelectronics;

5) Lidar:Changguang Huaxin, Juguang Technology, Yongxin Optics.

1) Independent brand intelligent leading car enterprises:BYD, Changan Automobile, SAIC, Guangzhou Automobile Group, etc.

2) New forces in building cars:Xpeng Motors, LI, etc.

3) Global leader in new energy vehicles:Tesla

1) Decision-making level:Desai Siwei, Coboda, Junsheng Electronics;

2) Algorithm layer:Xpeng Motors;

three) executive layer:Bethel, baolong technology.

(Report source: Cinda Securities, Guosen Securities, Debon Securities, CITIC Securities, Dongguan Securities, Chuancai Securities)

(The information in this article does not constitute any investment advice. The published content comes from licensed securities institutions and does not represent the platform’s point of view. Investors are requested to make independent judgments and decisions. )

　　CCTV News:The World Health Organization has released the latest edition of the International Classification of Diseases (ICD-11), and one of the most concerned measures is to formally include "Gaming disorder" as a mental illness and bring it into the medical system. It can be seen that with the popularity of smart phones and tablets, game addiction continues to spread and has become a problem in all countries of the world. Solving this problem is also of great significance.

　　Is "addicted to playing games" a disease?

　　Perhaps many people have thought about this issue. Some people want to quit the game, but they can’t extricate themselves, and continue to indulge while scolding themselves; Some parents are worried about their children’s addiction to games and take various measures to send their children to an internet addiction school. Most people think that this is weak willpower and needs restraint. Few people associate "game addiction" with diseases with specific symptoms in physiology and psychology, such as "smoking addiction" and "drug addiction". Now, WHO lists "game addiction" as a formal disease and defines its symptoms:

　　1. Playing video games uncontrollably (frequency, intensity and length of playing video games should be taken into consideration);

　　2, more and more often put video games before other life interests;

　　3, even if there are negative consequences, continue or increase the time of playing video games.

　　In addition, it is worth noting that the World Health Organization is also very strict about the conditions for diagnosing "game addiction". The behavior pattern of the parties must be serious enough, and it has caused great damage to individuals, families, society, education, work or other important aspects, and it usually lasts for at least 12 months before the diagnosis can be made. But it also shows that if the symptoms are serious, the observation period before diagnosis can also be shortened.

　　Who’s definition of "game addiction"

　　With the diagnostic criteria, it means that doctors will treat "game addiction" as a formal diagnosis result in the future, and then prescribe prescriptions and provide treatment plans. More researchers will also collect and analyze relevant data according to this category to promote the emergence of new treatments.

　　At the same time, the World Health Organization also clearly pointed out that only a small number of people who participate in digital or video game activities are affected by game obstacles. However, people who participate in the game should be alert to the time they spend in the game activities, especially when they are too busy to take care of other daily activities, and be alert to any changes in physical and mental health and social functions caused by the game behavior pattern.

　　In China, the Yang Yongxin will make a comeback?

　　Entering "game addiction" into the search engine will lead to a series of shocking social events: Xiao Liuwo, a 17-year-old Guangdong youth, suffered from a cerebral infarction after playing online games for more than 40 hours in the dormitory; A 13-year-old boy from Hangzhou jumped from a building after being reprimanded by his parents for playing "the glory of the king", causing multiple comminuted fractures. When he was taken to the hospital, he was also required to log in to a mobile game account. A 23-year-old woman from Cili, Hunan Province was brutally killed by a 15-year-old junior high school student who was addicted to violent online games and wanted to experience the pleasure of killing people in reality. ……

　　Minors seem to have become the hardest hit areas of game addiction, and the negative effects of these extreme cases have been maliciously amplified. Therefore, the "electroshock therapy" of Yang Yongxin and the "school for abstaining from internet addiction" such as Yuzhang Academy are rampant all over the world, covering up and even praising the abuse of young people such as detention and electrotherapy. Fortunately, such cruel, tyrannical, contrary to modern medicine, and actually rich behavior was finally exposed, and its practice and reputation have been denied among the general public.

　　Then, this time, who lists game addiction as a "disease", will the influence of games on people be demonized again? What needs to be recognized is that "game addiction" and "love to play games" are two concepts, just as drinking addiction is also a mental illness, but this does not mean that there is a problem with drinking itself, and the problem is addiction.

　　In recent years, some schools have set up e-sports majors one after another, and the e-sports industry in China has entered an explosive period, and e-sports has also become an officially certified sport of the International Olympic Committee … There is no contradiction between the public’s acceptance of online games and the classification of game addiction as a "disease". In the meantime, the normative role of the system is particularly obvious. As early as 2005, China issued the first "Online Game Anti-addiction System Standard"; In September 2016, the National Internet Information Office drafted the Regulations on Network Protection for Minors (Draft for Comment); In January 2017, the Legislative Affairs Office of the State Council publicly solicited opinions on the Regulations on the Network Protection of Minors (Draft for Review); In December 2017, Publicity Department of the Communist Party of China and other eight ministries and commissions jointly issued the Opinions on Strictly Regulating the Management of Online Game Market, and the relevant legal systems in China are constantly improving.

　　If it is a disease, it must be cured!

　　In response to this revision, many netizens expressed their support, believing that it will help popularize the concept of Internet addiction and let people face up to their own problems.

　User comments screenshot

　　Some netizens also questioned how it was "sick" when it was good.

　　User comments screenshot

　　Although it is controversial that game addiction is classified as "mental illness", in terms of academics, experts have already started research on game addicts. Zhang Jintao, the research group of the State Key Laboratory of Cognitive Neuroscience and Learning of Beijing Normal University, pointed out in the research paper "Brain Mechanism of Abnormal Negative Emotion Processing and Regulation of Online Game Addicts" that a large number of clinical studies and practices have found that online game addicts have a high comorbidity rate with emotional problems such as depression and anxiety. In addition, the lack of ability to adjust negative emotions is also a problem that many online game addicts often report in real life.

　　The experiment shows that online game addicts all show the passive mode of activity in subcortical areas (such as amygdala) and cortical areas (cingulate cortex, lateral prefrontal cortex) when processing negative emotional stimuli and adjusting negative emotions.

　　Screenshot Source: official website, State Key Laboratory of Cognitive Neuroscience and Learning, Beijing Normal University

　　This study shows that online game addicts show a similar pattern of neural activity to substance addicts in processing and regulating negative emotional stimuli, suggesting that this phenomenon of neural passivation in processing and regulating negative emotional stimuli is not entirely the effect of taking addictive drugs, but related to addiction itself.

　　In other words, there is no doubt that "game addicts are suffering". It is very important to classify "game addiction" as a disease, so that they can be placed and treated more pertinently and properly.

　　The greatest significance of WHO’s adjustment this time is to remind us to abandon any improper so-called "treatment" means in the past and help people who are addicted to games out of trouble in a more standardized way. This is the progress of our understanding and science. (Text/Dai Mengmeng)

　　Beijing, Sept. 8 (Xinhua)-The website of the Ministry of Finance announced the national lottery sales in July 2020 on the 8th. In July, the national lottery sales totaled 36.149 billion yuan, an increase of 3.415 billion yuan or 10.4% over the same period of last year. Among them, the sales of welfare lottery institutions was 15.436 billion yuan, an increase of 390 million yuan, an increase of 2.6%; The sales of sports lottery institutions reached 20.713 billion yuan, up 3.025 billion yuan or 17.1% year-on-year.

　　From January to July, the national lottery sales totaled 160.049 billion yuan, a year-on-year decrease of 85.281 billion yuan or 34.8%. Among them, the sales of welfare lottery institutions was 74.724 billion yuan, a year-on-year decrease of 38.078 billion yuan or 33.8%; The sales of sports lottery institutions reached 85.325 billion yuan, a year-on-year decrease of 47.202 billion yuan or 35.6%.

　　In July, the sales of lottery digital lottery tickets reached 22.422 billion yuan, up 3.306 billion yuan or 17.3% year-on-year. The sales of quiz lottery tickets was 9.31 billion yuan, up 1.122 billion yuan or 13.7% year-on-year; The sales of instant lottery tickets was 2.674 billion yuan, an increase of 468 million yuan, an increase of 21.2%; The sales of video lottery tickets was 1.729 billion yuan, a year-on-year decrease of 1.479 billion yuan or 46.1%; The sales of Keno lottery tickets was RMB 13 million, a year-on-year decrease of RMB 02 million or 14.5%. In July, the lottery sales of digital lottery, quiz lottery, instant lottery, video lottery and Keno lottery accounted for 61.9%, 25.8%, 7.4%, 4.8% and 0.1% of the total lottery sales respectively.

　　From January to July, the sales of lottery digital lottery tickets reached 112.644 billion yuan, a year-on-year decrease of 17.696 billion yuan or 13.6%. The sales of quiz lottery tickets was 26.392 billion yuan, a year-on-year decrease of 44.088 billion yuan or 62.6%. The sales of instant lottery tickets reached 14.167 billion yuan, a year-on-year decrease of 1.851 billion yuan or 11.6%. The sales of video lottery tickets was 6.794 billion yuan, a year-on-year decrease of 21.604 billion yuan or 76.1%. The sales of Keno lottery tickets was 51 million yuan, a year-on-year decrease of 42 million yuan or 44.9%. From January to July, the lottery sales of digital lottery, quiz, instant lottery, video lottery and Keno lottery accounted for 70.3%, 16.5%, 8.9%, 4.2% and 0.1% of the total lottery sales respectively.

　　In July, compared with the same period of last year, lottery sales in 28 provinces increased, among which Guangdong, Jiangsu and Shaanxi increased more, increasing by 481 million yuan, 465 million yuan and 226 million yuan respectively. From January to July, compared with the same period of last year, lottery sales in 30 provinces in China declined.

　　China news agency, Beijing, November 14 (Reporter Liu Yuying) The European Union launched a countervailing investigation on electric vehicles in China in October. The relevant person in charge of the Ministry of Industry and Information Technology of China expressed strong dissatisfaction with this, and said that "this will seriously disrupt and distort the global automobile industry chain supply chain, including the European Union, and harm the interests of European consumers".

　　In the first three quarters of this year, China exported 825,000 new energy vehicles, up 1.1 times year-on-year, which greatly enriched the global consumers’ choice of car purchase, and boosted urban transportation to accelerate the green and low-carbon transformation.

　　According to the person in charge, as of the first half of the year, China automobile enterprises have invested and set up factories in more than 10 countries and regions around the world, and power battery enterprises and key materials enterprises are also accelerating the overseas cooperation layout, which has injected strong impetus into the development of global new energy automobile industry. China is deeply involved in international standards cooperation. Up to now, 35 new energy vehicle standards in China have been adopted by many countries and regions.

　　Automobile industry is a typical global industry, which can not be separated from the division of labor and efficient cooperation of enterprises in various countries. The person in charge said recently that the rapid development of China’s new energy automobile industry benefited from the global cooperation of technological innovation and the international cooperation of industrial chain and supply chain, and also injected a strong impetus into the green and low-carbon transformation of the global automobile industry.

　　"China-EU automobile industry cooperation has a long history, and they have formed extensive common interests with each other. All major European car companies have factories in China, and China has become the largest overseas market for many European car companies. The implementation of countervailing investigations by the European Union is neither in line with the international trade rules of the World Trade Organization (WTO) nor supported by sufficient evidence. Fair trade ’ The fact that a famous bank protects its own industry will seriously disrupt and distort the supply chain of the global automobile industry chain, including the European Union, and harm the interests of European consumers. " The person in charge said.

　　China’s Ministry of Industry and Information Technology suggested that the EU should listen to the voices of the industry extensively, support the industries of both sides to jointly maintain the stability of the supply chain of the automobile industry chain and better work together to meet the challenges of global climate change. China will support the breakthrough of technological innovation, promote the coordination of standards and regulations, strengthen the guarantee of factor resources, promote the interconnection of infrastructure, and promote the stronger, greener and healthier global development of the automobile industry. (End)

BEIJING, Beijing, October 31 (Xinhua) In 2023, the fans’ watching activities of Beijing municipal social football activities were successfully held in Beijing Manchester United Dream Theater recently. Through a variety of football activities, fans and friends felt the fun brought by football.

The event was hosted by Beijing Social Sports Management Center and undertaken by Beijing Football Association. The fans’ watching activities are led by the government, with the community as the main body, aiming at integrating the participation of resources in football characteristic venues, integrating football matches, mass entertainment, parent-child interaction and other forms, so that citizens and friends can feel the charm of high-standard football matches.

At the event site, fans and friends experienced a variety of watching content. A series of simulation training facilities seem to bring fans and friends to the green field: "AR Football Experience Equipment" helps football lovers improve their practical skills such as dribbling, passing and shooting through technology; "Table football" has exercised the fans’ overall overall view of the football experience; "Under-table football" improves the ball control ability under the feet in a limited space by playing against two people.

Many fans also invited friends to play indoor 3v3 football matches to simulate team struggle on the pitch. A fan who participated in the event said that through a variety of football series activities, he enjoyed the top football matches with everyone and felt the fun brought by football together.

In 2023, Beijing municipal social football fans watched the game. Photo: Provided by the event organizer

In addition, fans and friends can also watch many European giants’ games on the spot. It is reported that there have been many watching games such as "Manchester United vs Crystal Palace", "Manchester United vs brentford", "Barcelona vs Real Madrid", "Chicago Flame vs Miami International" and "Manchester United vs Manchester City".

According to the organizer, at present, there have been seven football fans’ watching activities at the municipal level in Beijing. The purpose of the football fans’ watching activities is to provide professional services, and through the combination of various experience facilities and watching games, a good watching environment is created for the fans, so that citizens and friends can feel the charm of high-standard football matches, thus promoting the healthy development of football. (End)

The Chinese baseball team lost to the Czech team 5-8.

Young and fearless, the China men’s baseball team "sent" a home run to the world’s number one Japanese team on its first show back on the world stage; But also because of their youth, China men’s baseball players tasted the bitterness of being "reversed" after 12 hours.

On March 10th, in Tokyo Dome Gymnasium, the second round of the 5th world baseball classic (hereinafter referred to as WBC) Group B continued. After nearly four hours of fighting, the Chinese baseball team finally lost to the Czech team 5-8, and suffered two consecutive defeats.

"It was a difficult game and it was hard to accept the result of losing." As Dean, the 75-year-old coach of China team, said, China fell to the last moment in the twists and turns, and lost to a team that was all unprofessional players. "Today was a memorable victory, but we lost the victory."

However, in Dean’s view, these young China players must "pay tuition fees" when they grow up. "You can regret it today, but after waking up, you must go all out for the next game."

The Chinese baseball team is one step away from victory.

The outcome was in an instant, and the China flag was seen on the field.

"Today, I saw the flag of China in the stadium. I don’t know if they are really China fans, but they gave us encouragement." After the game, China coach Dean felt this way.

For China, the WBC schedule is not easy.

After five years, he returned to the stage of the world’s top baseball game, and fought with the Japanese team for four hours in the first game amid the clamor of more than 46,000 Japanese fans. Then, after only 12 hours of adjustment, they stood in front of the Czech team in the first round.

Although coach Dean and his team made special arrangements for personnel rotation, and saved several main players for the second game, judging from the opening situation of the second game, the China team did not completely get out of the fatigue of the first stop.

The Czech team, which took the lead in attacking, hit hits continuously in the first half of the first inning, and scored 2 points first, while Zhao Fuyang, the starting pitcher that coach Dean specially reserved for this game, failed to enter the state. The 23-year-old young pitcher was replaced by Dean after only throwing 1 2/3 innings.

In the third game, the Czech team hit another home run, expanding the difference to 3 points.

On the one hand, the Czech Republic made great strides in line-playing, and on the other hand, China’s line-playing was slow to find its state. Until the second half of the fifth inning, China’s hits were still zero.

However, the Czech pitchers also made mistakes, throwing four balls to give China a point.

With a 1-4 deficit, China entered the offensive game in the second half of the seventh game. At this critical moment, Zhang Baoshu, a 39-year-old veteran who participated in WBC four times, became the key player to turn the situation around.

His double hit brought vitality to China’s bench, and then he stole the base and went to third base. Then, China’s Kou Yongkang and Luo Jinjun hit hits one after another. Under the pressure of China, the Czech pitcher and first baseman also made frequent mistakes. China pulled back four points with four hits, reversing the score from 1 to 4 to 5 to 4.

At that moment, the players on the bench of China team walked on the sidelines together to celebrate with the players who scored.

The Chinese baseball team once reversed the score.

However, the charm and cruelty of competitive sports lies in its unpredictability.

After both sides drew a blank in the eighth inning, after China pitcher Gong Haicheng put the Czechs on base in the first half of the ninth inning, coach Dean sent Zhu Quan, the "end pitcher"-but it was this substitution that made the Czechs hit a 3-point home run.

That is, this hit completely changed the atmosphere on the court-then, the Czech team scored another point with two hits in succession, realizing the reversal.

"Zhu Quan did very well in the bullpen, and he held the ball well. He said he was in good shape. My misjudgment was that the first game didn’t go as we expected. This led to the final result. "

Dean also put the blame on his own tactical arrangement when he resumed the defeat. "Maybe it would be better to use Zhu Quan at the beginning of the ninth inning, but Gong Haicheng showed his fighting spirit, but he felt a little tired later, so he gave his opponent four balls, which had to be said, which had an impact on the result."

"Our pitching lineup is too weak." After resuming the turning point of the whole game, coach Dean said something he said after the first game.

But Dean also said: "China social networks and media have given us positive comments, and Japanese media have also given us a lot of enthusiastic encouragement. The final result is regrettable, but we also showed what China can do. "

Many people in the Czech baseball team are not professional players.

Respectable opponents, they are amateurs.

It is worth mentioning that Zhang Baoshu, a 39-year-old "four-dynasty veteran" who sounded the counterattack horn for China in this game, and Zhu Quan, the "end pitcher" who was finally robbed by his opponent, are both newcomers of China in this WBC.

According to the rules of the WBC Classic, as long as the player goes back three generations and one member of his family is of China nationality, he can represent China.

Because of this, including Zhang Baoshu, Korean professional baseball pitcher Zhu Quan, Angel Little League pitcher Alan Carter and the professional outfielder Shinsha Yongsuke of the day before yesterday all put on the shirts of the China team.

However, compared with the professional players recruited by China for this WBC, the Czech team, which defeated China in the last minute, is composed of a group of "non-professional" players.

According to the reporter from The Paper, except for a few players who play in NCAA or local schools in Czech Republic, other players have their own formal jobs, some are teachers, some are firefighters, some are stock traders, and some are company bosses.

"They all have their own jobs, just because they love them and then take out their spare time to actively train." The relevant person in charge of the Czech baseball association revealed.

"In fact, not many people in the Czech Republic know that we still have such a baseball team, but we have stood on the best baseball stage in the world and we have been sponsored."

Czech baseball team.

Compared with the young China team and the young players who are all professional players, Czech players are not only "unprofessional" but most of them are over 30 years old. But it was such a group of players who persisted to the end and made a 4-0 wave in the first half of the ninth inning, completing the reversal.

"I learned about the history of Czech baseball before the game. Their story is very touching. We once overtook, but we didn’t expect to lose four points in the ninth inning. "

As coach Dean said, young players in China should learn from these "non-professional" players in the Czech Republic-although they often make mistakes, their calm mentality and stable play at critical moments are the key factors to turn the situation around.

"There are still two games left. Although I lost today, I am proud of the efforts of our players." As coach Dean said, these players have the opportunity to become the future of China baseball, but only if they can learn and grow in failure. "

"I hope they can be full of strength in the future to face the future."