On January 24th, the People’s Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points from February 5th, 2024 (excluding financial institutions that have implemented the deposit reserve ratio of 5%). After this reduction, the weighted average deposit reserve ratio of financial institutions is about 7.0%. Since January 25, 2024, the interest rates of agricultural refinancing, small-scale refinancing and rediscount will be lowered by 0.25 percentage points respectively.

At the same time, the central bank announced the RRR cut and interest rate cut. What is the impact on the market? The Paper reporters collected the opinions of Bosera Fund, CITIC Prudential Fund, Xinyuan Fund, Chuangjin Hexin Fund, China Merchants Fund, Morgan Asset Management, and HSBC Jintrust Fund immediately after the market closed. Most public offerings believed that the RRR cut was conducive to the stabilization of the capital market, boosting the fragile capital market sentiment and coordinating with future fiscal policies, and also conducive to smoothing the pressure of the Spring Festival withdrawal and the pressure of post-holiday capital return in advance.

Shen Chao, macro and strategic analyst of HSBC Jintrust Fund, said that the RRR cut has a neutral impact on the stock market as a whole, but the stock market is in a historically low range, and the policy of steady growth such as RRR cut will help reverse the pessimistic expectations of the market, so this RRR cut has a positive impact on the stock market.

Gan Jingyun, a macro analyst of Chuangjin Hexin Fund, also believes that the increase in the valuation of the overall favorable equity assets will have a relatively greater impact on small-cap stocks; Bond yields will decline rapidly, but the follow-up may usher in a favorable take profit.

Jiang Xianwei, a senior global market strategist at Morgan Asset Management, believes that the central bank’s forecast of RRR cuts and accurate interest rate cuts will, on the one hand, implement the central economic work conference’s policy of "being flexible, moderate, accurate and effective, and promoting the steady decline of comprehensive social financing costs"; on the other hand, it will alleviate the slightly tight liquidity before the traditional Chinese New Year, which is more expected to promote the convergence of capital interest rates to policy interest rates, and then combine fiscal policy coordination to support credit growth, consolidate and strengthen the economic recovery to a good trend.

Bosera Fund: This RRR cut is conducive to the stabilization of the capital market.

This RRR cut is one of the monetary policy measures to deal with the lack of economic demand. Considering the current economic and corporate profitability, the market has strong expectations for monetary policy easing in the near future. This RRR cut is conducive to stabilizing the market’s expectations for monetary policy, reducing the financing costs of financial institutions and the real economy, and stabilizing the capital market.

The subsequent development of the stock market depends more on the auction market and its delivery, and also on the progress of capacity control and digestion in some industries. In the medium term, these two problems will be solved. Considering the current valuation position of the market, we are optimistic about the performance of the market in the medium term.

CITIC Prudential Fund: The short-term end of the interest rate curve may be expected to usher in a repair market.

At this time, the "RRR cut and interest rate cut" has the following purposes: First, guide LPR to continue its downward trend and strengthen the effectiveness of credit support entities. Restricted by the bank’s interest margin, LPR’s quotation did not go down in January, but the beginning of the year was the peak of credit supply. At this time, further reducing the bank’s debt-side cost through these measures will help the credit to grow faster.

Second, the Spring Festival is a tense stage in liquidity in the banking system, and residents have a great demand for cash. At this time, putting in long-term funds by lowering the RRR will help to stabilize the fluctuation of funds around the Spring Festival and stabilize the liquidity of financial markets at the end of the year and the beginning of the year.

Third, the capital market has fluctuated greatly recently, and the society has a high voice for the introduction of strong measures at the policy level. The central bank announced the policy on the spot at the press conference in response to market concerns.

After the release of the relevant policies of the central bank, the bond market’s concerns about cross-Spring Festival liquidity may be significantly alleviated. Recently, the price of inter-bank funds is still high, the operating balance of the central bank’s open market is large, the market’s expectation of long-term funds is unstable, and the interest rate curve shows a flattening trend. With the RRR cut, the pressure on the long-term liabilities of the banking system may be improved, the capital surface may be more stable, the allocation value of the bond market will be further consolidated, and the short-term and medium-term ends of the interest rate curve may be expected to usher in a repair market.

Xinyuan Fund: There is a high probability that the equity market will improve in March and April.

After the central bank’s excess parity continued to be MLF in January, the market’s expectations for RRR cuts and interest rate cuts all declined, and this RRR cut exceeded market expectations at the time. At the same time, due to the limited space for RRR reduction, the previous four RRR reductions were only 25BP, and this round of one-time RRR reduction was 50BP, which also exceeded market expectations. In addition, in the past, most of the RRR cuts were officially released by the central bank after Friday’s close. This time, the RRR cut was released by the central bank governor at a press conference in the middle of the week, and the way of release exceeded expectations.

In the bond market, it is expected that there will be downside in the short end in the future, and the long end may continue to fluctuate and the curve will be steep. The two most important functions of RRR reduction are to boost the confidence of the equity market and prepare for the large-scale issuance of government bonds. President Pan said that there is sufficient room for monetary policy to maintain reasonable and sufficient liquidity, support the large-scale centralized issuance of government bonds and support the centralized construction of projects, which means that the funds will be guaranteed during the large-scale issuance of government bonds.

The stability of funds opens up space for the loosening of short-term, but the issuance of government bonds and the centralized construction of projects are not very friendly to long-term. It is expected that the short-term yield of the bond market will open the downside but the long-term yield will remain volatile.

In the equity market, the RRR cut boosted market confidence in the short term, but the long-term trend of the market was less affected by the RRR cut. In the short term, the market may continue to fluctuate at a low level, but after the Spring Festival, especially in March and April, the equity market may change to some extent.

China Merchants Fund: Structural interest rate cuts and RRR cuts have played a two-pronged role.

Li Zhan, chief economist of China Merchants Fund Research Department, said that the RRR cut now indicates that the countercyclical adjustment policy has begun to exert its strength, and the wide currency and the release of 1 trillion yuan have kept the market liquidity abundant, and with the wide finance, the special bonds and government bonds in the first quarter can be issued as soon as possible; Structural interest rate cuts and RRR cuts have played a two-pronged role, which is not only conducive to expanding the demand for loans in the real economy, but also conducive to boosting stock market confidence and helping to repair risk appetite.

The decline at the beginning of the year is mostly due to the influence of micro-liquidity and market confidence. The obvious improvement of macro-liquidity and the increase of domestic institutional investors’ holdings are important measures to reverse expectations. After this RRR cut, the lack of liquidity is basically eliminated, and the market may stabilize and gradually repair.

In 2024, A-shares are still expected to stabilize mainly by shocks, and the overall security margin of the market is high, so there will be structural opportunities. In 2024, the macro-monetary and fiscal policies were launched in time, and the endogenous growth resumed. The overall valuation of the current A-shares was already very low, the percentile of the valuation of important indexes was already lower than the bottom of the past several markets, and the valuation of the Growth Enterprise Market was even at the bottom of history. The indexes such as the equity risk premium rate were also in the extremely low range, and the margin of safety was high. We can focus on grasping structural opportunities such as high dividend strategy, technological innovation, reversal of consumption dilemma and supply-side reform.

Chuangjin Hexin Fund: Downgrading the overall valuation of favorable equity assets.

Gan Jingyun, a macro analyst of Chuangjin Hexin Fund, also believes that the increase in the valuation of the overall favorable equity assets will have a relatively greater impact on small-cap stocks; Bond yields will decline rapidly, but the follow-up may usher in a favorable take profit.

The RRR cut is conducive to improving liquidity expectations, benefiting the sectors that are greatly affected by liquidity, and it is also the target of recent oversold. It has the conditions for oversold rebound, mainly including technology growth TMT, small and medium-sized stocks, Hang Seng Technology, etc. It can pay attention to consumer electronics and chips that are logically pointed by the supply side of the inventory cycle, and the policy is biased towards high-tech and traditional Chinese medicine with high structural prosperity.

In addition, if the RRR cut and the subsequent comprehensive financing cost reduction and other wide monetary policies promote wide credit, it will help improve growth expectations, so the pro-cyclical sector will also benefit. From the historical experience, the pro-cyclical sectors such as real estate, finance and building materials have been boosted after the RRR cut, and we can pay attention to coal, electricity and infrastructure that are both performance scarce and policy-friendly in the pro-cyclical period.

Morgan Asset Management: China assets may usher in an upward opportunity

Jiang Xianwei, senior global market strategist of Morgan Asset Management, believes that in December last year, the Central Economic Work Conference put forward economic construction as the center, emphasizing "striving for progress in stability, promoting stability with progress, and breaking first", indicating that the policy tone in 2024 may be biased; Domestic inflation has been negative for three consecutive months, and the Federal Reserve has not started the interest rate cut cycle, and the domestic real interest rate level is higher than that of the United States. It is expected that there will still be room for RRR cuts and interest rate cuts during the year; In mid-January, the economic data of the fourth quarter and December of 2023 released by the National Bureau of Statistics showed that the domestic economy continued to pick up, the recovery trend remained unchanged, and the market expected more favorable policies to be introduced; On January 22nd, the central bank kept the 1-year and 5-year LPR interest rates unchanged, slightly lower than market expectations.

Judging from the external environment and the profitability fundamentals of listed companies, there has been some improvement compared with last year, and the market was relatively volatile in the early stage. First, the first quarter was in the blank window of financial reports, and corporate profits have not yet been realized. Second, the market expected new favorable policies in the new year. The central bank’s forecast of RRR cut and accurate interest rate cut, on the one hand, has implemented the policy of the Central Economic Work Conference that monetary policy should be "flexible, moderate, accurate and effective, and promote the comprehensive financing cost of society to decrease steadily", and on the other hand, it can alleviate the slightly tight liquidity before the traditional Lunar New Year, which is more expected to promote the convergence of capital interest rate to policy interest rate, and then combine with fiscal policy coordination to support credit growth, consolidate and enhance the economic recovery, which is more conducive to boosting market sentiment. It is expected that more sectors will make profits.

HSBC Jintrust Fund: The policy of steady growth such as RRR cut will help to reverse the pessimistic expectations of the market.

Shen Chao, a macro and strategic analyst of HSBC Jintrust Fund, believes that this RRR cut is an important signal to strengthen the policy of steady growth, and the single release of trillion liquidity also shows that this steady growth is stronger than the previous period. At present, there are still twists and turns on the road to macroeconomic recovery. This RRR cut will help to increase the stable source of funds for financial institutions and reduce the debt cost of banks, which will help banks to increase capital investment in the real economy and reduce the financing cost of the real economy, thus consolidating the economic recovery. For the market, historically, the RRR cut has a neutral impact on the stock market as a whole, but at present, the stock market is in a historically low range, and the policy of steady growth such as RRR cut is helpful to reverse the pessimistic expectations of the market, so this RRR cut has a positive impact on the stock market.

　　CCTV News:According to the "Clean Sichuan" WeChat official news, a few days ago, with the approval of the Sichuan Provincial Party Committee, the Provincial Commission for Discipline Inspection and Supervision conducted a case review and investigation on Li Yuanfeng, the former party secretary and president of the Sichuan Provincial People’s Hospital.

　　After investigation, Li Yuanfeng lost his ideals and beliefs, and his awareness of discipline and law was weak. He violated the spirit of the eight central regulations and illegally accepted gifts; Concealing and not reporting personal matters; Accepting gifts and cash gifts that may affect the fair execution of official duties; Engaging in profit-making activities in violation of regulations; Taking advantage of his position, embezzling public property, the amount is huge; Taking advantage of the convenience of his position or the convenience of his authority and position to seek benefits for others in the sales of medical equipment, medicines and consumables, and accepting property, the amount is particularly huge.

　　Li Yuanfeng seriously violated the party’s organizational discipline and integrity discipline, constituted a duty violation and was suspected of corruption and bribery, and did not converge or stop after the 18th National Congress of the Communist Party of China, which was serious in nature and had a bad influence and should be dealt with seriously. According to the Regulations on Disciplinary Actions in the Communist Party of China (CPC), the Supervision Law of People’s Republic of China (PRC), the Law on Administrative Actions of Public Officials in People’s Republic of China (PRC) and other relevant regulations, Li Yuanfeng was decided to be expelled from the Party after being studied at the meeting of the Standing Committee of the Sichuan Provincial Commission for Discipline Inspection and reported to the provincial party committee for approval. Cancel the treatment they enjoy according to the regulations; Collect their illegal income; The suspected crime was transferred to the procuratorate for review and prosecution according to law, and the property involved was transferred together.

　　Today, the launch time and the latest rules of Tmall 618 were announced, and the registration was officially accepted. Compared with previous years,This year, Tmall 618 is even simpler, with only one official gameplay — — "official reduction"The basic discount is 15% off, and the maximum reduction can reach 50%. The transaction of goods is simpler and the benefits that consumers get are more intuitive.

　　In addition, this year Tmall 618 is ahead of schedule.The first wave of pre-sale will start at 8: 00 pm on May 13th, and the final payment and spot snapping time will be from 8: 00 pm on May 16th to 12: 00 pm on May 26th.

Specifically, the Tmall 618 gameplay has the following changes this year:

1. It’s easier for consumers to buy without doing calculation problems.

　　Active products can be reduced by up to 50% from the official reduction of 15%, and one can also enjoy the reduction discount, which is more direct and affordable. This year, Tmall 618 consumers bought it simply.

　　Not only that, the official reduction can also be used in combination with other single product offers (such as the first N, targeted offers, etc.) and cross-store offers (such as category coupons, etc.).

　　In addition, in order to fully protect consumers’ rights and interests, this year’s 618 set the lowest price verification prevention and control to rise first and then fall, and the price protection time will be from consumer payment to July 5.

2. Two waves promote joint reporting, and it is easier for businesses to sign up for participation.

　　This year, the registration of Tmall 618 is simpler. Not only does it not need to be registered by merchants, but it only needs to be registered by goods. The platform will also intelligently recommend the list of goods to merchants in combination with store data. Merchants can submit in batches with one click, or cancel some goods and submit them again.

　　At the same time, the spot sale of 618 is divided into two bands. The two bands are merged to attract investment, and the first wave of active goods are successfully registered, and the second wave of spot sales is jointly reported at the same price and play method. At the same time, merchants can adjust the registration scheme of the second wave of spot sales within the allowed time.

3. On-line "selling out and buying", the inventory operation of merchants is simpler.

　　This year, Tmall 618, Taobao Tmall, launched a new "sold-out plus purchase" function. Spot explosion orders and high-demand goods can extend the delivery time and help businesses to do inventory operations.

　　For consumers, it doesn’t matter if they don’t grab the trendy goods for the first time. After adding the shopping cart, they can receive the replenishment reminder in time when the merchants replenish the goods; For merchants, the delivery time can be extended by 7 days or 10 days after the sold-out goods and shopping carts reach a certain number.

　　Sohu Entertainment News Compared with movies, the scale of TV dramas that are watched by horrible people will naturally converge a lot. Among many TV stations in the United States, except Showtime, which is paid for, and HBO, which is quite deep, most TV dramas broadcast by other TV stations are secretive and dare not show more than half an inch of skin. I am used to seeing the characters wrapped tightly on the screen every day. Occasionally, a fragrant lens will make my pupils dilate. I want to press the pause button immediately and remember this unforgettable sexy moment.

　　Double-faced female spy Alias

　The female spy played by Jennifer Garner is absolutely generous. She often takes off her blouse and makes a sexy appearance. This has also become one of the successful elements for the drama to win a large number of fans. In Jenny Buddhism, you know that "good things should be shared with everyone".

　　Lost

　Sawyer always exudes a wild smell when he wears clothes on weekdays. When he walks out of the sea naked, which woman will not scream?

　　Grey’s Anatomy

　Although the pictures of the three female doctors taking a bath together received all kinds of bad comments, it did become a major attraction at that time, not to mention that after reading it, you can’t forget it. In contrast, Dr. "McSteamy"’ s bathing picture is a hundred times better, and how can the looming thigh lines not be reverie?

　　Beach guard Baywatch

　This TV series has a long history, but it is safe to say that the audience may not remember what was played in it at all, but you will never forget Pamela Anderson running on the beach in a high-heeled bathing suit.

　　Friday Night Lights

　As long as there is a picture of Tim Riggins, we can see those eight abdominal muscles waving to us, which makes people want to tip him.

Editor: Li Ming

[car home Qingdao Preferential Promotion Channel] At present, large-scale preferential activities are being launched in Qingdao, with the maximum preferential amount reaching 28,000 yuan, which reduces the minimum starting price to 74,900 yuan. For consumers who plan to buy Roewe RX5, this is undoubtedly an excellent time to buy a car. In order to get more preferential information, please click "Check the car price" in the quotation form and strive for a higher discount.

Roewe RX5 adopts a fashionable and dynamic design. The front face is equipped with a large chrome grille and sharp LED headlights, which makes the whole vehicle look more dynamic. The body lines are smooth and muscular, creating a perfect combination of strength and movement. On the whole, the Roewe RX5 is exquisitely designed and highly recognizable.

Roewe RX5 has a length of 4655mm, a width of 1890mm and a height of 1664mm, and its wheelbase is 2765mm, providing spacious interior space for passengers. The side lines of the car body are smooth, with the front tread of 1590mm and the rear tread of 1584mm, which ensures the stability and handling of the vehicle. Equipped with 18-inch rims, tyre size is 215/60 R18, showing a dynamic and fashionable style.

The interior design of Roewe RX5 is mainly simple and atmospheric, creating a fashionable and technological atmosphere. The center console is equipped with a 12.3-inch central control screen, which supports the voice recognition control of multimedia system, navigation, telephone, air conditioner and skylight, and is easy to operate. The steering wheel is made of leather material, which feels comfortable and supports manual up and down+front and rear adjustment to meet the operating needs of different drivers. The seat is made of imitation leather. The main driver’s seat can be adjusted fore and aft, backrest and height. The co-pilot seat has the functions of fore and aft adjustment and backrest adjustment. The rear seat supports proportional reclining, which increases space flexibility. There are also multiple USB/Type-C interfaces in the car, which is convenient for charging.

Roewe RX5 is equipped with a 1.5T engine with a maximum power of 138kW (about 188HP) and a maximum torque of 300Nm. It is equipped with a 7-speed wet dual-clutch gearbox, which provides a strong power output and excellent acceleration performance for the vehicle.

According to the evaluation, the front face design of Roewe RX5 is very domineering, especially the large and thick X-shaped grille and sharp headlights on both sides, plus the slender light strip running through the tail and the segmented spoiler, which makes the vehicle look very three-dimensional and fashionable. In addition, the 20-inch super-large aluminum alloy wheels and hidden door handles also show the design concept of Roewe RX5 keeping up with the trend, which left a deep impression on the whole.

　　Among thousands of automobile parts, almost every one plays a vital role, and automobile glass is no exception. For the daily car, although we may turn a blind eye to the car glass, the quality of the car glass will directly affect our driving comfort and even driving safety.

　　Not long ago, Aika Automobile was held.China brand annual vehicle selection activity,Assembled 115 China brand vehicles listed in China this year (from July 16th, 2016 to July 5th, 2017), and with a fair, professional and innovative perspective and thinking,Choose the "Best of the Best" brand in China.In this activity, the car channel conducted a centralized survey on the glass of 14 popular China brand models. How did they perform?

　　Many car owners have a blind spot for car glass, thinking that car glass is enough as long as it has a good view, but this is not the case. In addition to having a good view, the structure, thickness, blocking rate and transmittance of automobile glass also have great influence on driving comfort and safety, which is directly related to the personal safety of drivers and passengers. Before publishing the survey results, let’s learn some basic knowledge about automobile glass.

　　1. Types of automobile glass

　　According to the material, automobile glass can be divided intoTempered glassandLaminated glassTwo types, and according to the different installation positions, the automobile glass is used.Types and specificationsThere will be differences.

　　(1) Tempered glass

　　Tempered glass is formed by tempering ordinary glass, which not only increases its strength, but also changes its internal structure to some extent.

When the glass breaks due to destructive external impact, the tempered glass will break into particles, reducing the possibility of injury.

　　(2) Laminated glass

　　Laminated glass consists of2 or more floorsGlass is glued together, and its safety comes from the PVB film between the glasses. When the glass is broken, the PVB film will stick the glass fragments together, so that the glass fragments will not be scattered and hurt people, and the driver can have a certain vision to deal with emergencies.

　　2. Car glass logo

Usually, the logo of this glass will be printed on the car glass. By reading these logos, you can know the brand, structure, specifications and production date of this glass.

　　(1) automobile manufacturers;

　　(2) glass manufacturers;

　　(3)3C certification mark;

　　(4) Safety certification code of automobile glass manufacturer;

　　(5) The code of the member countries of the Economic Commission for Europe that issued the certificate of non-mandatory standards for automobile parts;

　　(6) stands for the adoption of EU Regulation No.43, and 001477 stands for product certification code;

　　(7) Factory date of glass: the number represents the year, and 5 represents the production in 2015. The black dot on the left of the number represents the factory month, the black dot on the left represents the first half of the year, and the black dot on the right represents the second half. If there are a few black spots on the left, subtract a few from 7. As shown in the figure, if there is a black spot, subtract 1 from 7 to equal 6, that is, this glass was produced in June 2015. If the black dot is on the right side of the number, subtract a few black dots from 13.

The front windshield of Haval H8 is made of laminated glass of FY, which has passed Dutch certification and the factory date is September 2016.

　　Fuyao Glass is a domestic automobile glass manufacturer with large scale, high technical level and large export volume. The "FY" trademark is the only "China well-known trademark" in China automobile glass industry so far.

　　(2) Side window glass

The side window of Haval H8 is composed of two door glasses and two triangular window glasses. The window glass is made of tempered glass from Wuhan Yaohua pilkington (WYP), which passed the British certification and was manufactured in March 2017.

　　Although you may not pay attention to the triangular window at ordinary times, in fact, this piece of glass may be several times more expensive than the two side window glasses. This is because the possibility of the triangular window glass being broken is relatively small, so there are fewer replaceable auxiliary factory glasses, and the price will naturally be much higher after the original monopoly.

　　(3) Rear windshield

The rear windshield of Haval H8 also uses tempered glass from Wuhan Yaohua pilkington (WYP), which has passed the British certification and has the function of heating and defogging. The factory date is February 2017.

　　Actually, it’s on a modelUse different brands in different locations.It’s normal that some hot-selling models are in great demand, and often the capacity of an accessory factory is not enough to meet the demand of the main engine factory. Moreover, sometimes the main engine factory will not only cooperate with the same supplier in order to avoid the risks caused by equipment failures or product permissions of suppliers.

　　(4) Thickness of side window glass

　　（5）Barrier rate and transmittance of side window glass

We measured the light transmittance of the side window with a light tester, and the results showed that the ultraviolet blocking rate was 50.6%, the infrared blocking rate was 68.5%, and the visible light transmittance was 82.7%.

　　2、WEY VV7

The front windshield of WEY VV7 is made of FY laminated glass, which has passed Dutch certification and the factory date is May 2017.

　　(2) Side window glass

The side window of WEY VV7 consists of two door glasses and a triangular window glass. The window glass is made of laminated glass of French brand Saint-Gobain, which was delivered in April 2017, and the rear row is privacy glass.

　　Saint Gobain is a famous French glass enterprise, which provides safety glass for 50% cars in Europe.

　　(3) Rear windshield

The rear windshield of WEY VV7 is the same as the side window glass. It uses laminated glass of Saint-Gobain, passed Dutch certification, and the factory time is April 2017.

　　(4) Thickness of side window glass

In the side window glass thickness test, the actual test result of WEY VV7 is 4.26mm, which is slightly thicker than Wuhan Yaohua pilkington (WYP) glass used by Haval H8.

　　（5）Barrier rate and transmittance of side window glass

We measured the light transmittance of the side window with a light tester, and the results showed that the ultraviolet blocking rate reached 100%, which was excellent. At the same time, the infrared blocking rate was 57.2% and the visible light transmittance was 88.5%.

The front windshield of Roewe i6 is laminated glass of Jiangsu Iron Anchor, a domestic brand, which has passed Dutch certification. The factory date is September 2016, and AS1 stands for glass with a light transmittance of at least 70%.

　　(2) Side window glass

The side window glass of Roewe i6 is made of toughened glass, which is also from Jiangsu Iron Anchor. It has passed Dutch certification, and the factory date is December 2016. The light transmission rate of AS2 stands for glass is not less than 70%.

　　(3) Rear windshield

The rear windshield is also made of tempered glass and has the function of heating and defogging. The factory time is September 2016.

　　(4) Thickness of side window glass

　　（5）Barrier rate and transmittance of side window glass

We measured the blocking rate and transmittance of the Roewe i6 side window with a light tester, and the results showed that the blocking rate of ultraviolet rays was 9.6%, the blocking rate of infrared rays was 15.8%, and the transmittance of visible light was 95.6%, so the glass had an average blocking ability to ultraviolet rays.

The front windshield of Qoros 3 GT is made of laminated glass from FY, which has passed the Dutch certification and the factory date is September 2016. AS1 stands for glass with a light transmittance of at least 70%.

　　(2) Side window glass

The side window glass of Qoros 3 GT is made of tempered glass of Japanese brand Asahi Glass (AGC), which has passed Belgian certification. The factory date is August 2016, and the light transmission rate of AS2 stands for glass is not less than 70%.

　　Founded in 1907, Asahi Glass Corporation (AGC) is a Japanese glass manufacturing company, and its parent company is Mitsubishi Group, which is the second largest glass manufacturing company in the world. Asahi glass products are all kinds of glass products and semi-finished products. At present, the sales targets are manufacturers, automobile industry, lamps industry, construction industry and so on.

　　(3) Rear windshield

The rear windshield is also made of tempered glass made of Asahi Glass (AGC), which has passed Belgian certification. The factory date is August 2016, and it has the function of heating and defogging.

　　(4) Thickness of side window glass

In the side window glass thickness test, the actual test result of Qoros 3 GT is 3.60mm, which is slightly thinner than the tempered glass of Jiangsu iron anchor selected by Roewe i6.

　　（5）Barrier rate and transmittance of side window glass

We measured the blocking rate and transmittance of the side window of Qoros 3 GT with a light tester. The results showed that the blocking rate of ultraviolet light was 45.3%, the blocking rate of infrared light was 67.0%, and the transmittance of visible light was 85.9%.

The front windshield of Chuanqi GS8 is laminated glass from FY, which has passed Dutch certification and the factory date is May 2017.

　　(2) Side window glass

The side window of Chuanqi GS8 is composed of two door glasses and two triangular window glasses. The window glass is made of tempered glass, also from FY, which has passed the Dutch certification. The factory date is May 2017, and the back row is privacy glass.

　　(3) Rear windshield

The rear windshield is also made of tempered glass of FY, which has passed the Dutch certification. The factory date is May 2017, and it has the function of heating and defogging.

　　(4) Thickness of side window glass

　　（5）Barrier rate and transmittance of side window glass

We measured the blocking rate and transmittance of Chuanqi GS8 side window with a light tester. The results showed that the blocking rate of ultraviolet light was 43.6%, the blocking rate of infrared light was 65.3%, and the transmittance of visible light was 85.1%.

The front windshield of Damai X7 is laminated glass from Shanghai Yaopikang Bridge, which has passed Dutch certification and the factory date is April 2017.

　　(2) Side window glass

The side window glass consists of two door glasses and a triangular window glass. The window glass is made of tempered glass, which is also from Shanghai Yaopi Kangqiao Automobile Glass Co., Ltd. and passed the Dutch certification. The factory date is May 2017.

　　(3) Rear windshield

Damai X7′ s rear windshield uses tempered glass of the same model as the side window glass, which has passed Dutch certification, and the factory date is May 2017, with the function of heating and defogging.

　　(4) Thickness of side window glass

　　（5）Barrier rate and transmittance of side window glass

The light tester is used to measure the blocking rate and transmittance of the side window of Damai X7. The results show that the blocking rate of ultraviolet light is 51.1%, the blocking rate of infrared light is 68.2%, and the transmittance of visible light is 82.7%.

In recent years, policy support and increased demand have promoted the continuous growth of the number of two-wheeled electric vehicles. The overall development of the industry has made brand competition more intense, and intelligent transformation and safety improvement have become the focus of competition among two-wheeled electric vehicle manufacturers. It is in this situation that Company No.9 (689009·SH) quickly created its own differentiated competitiveness through true intelligence, and created one proud achievement after another.

Offline exceeded 5 million units! No.9 company refreshes the "acceleration" of two-wheeled electric vehicles in China

A thorough study of the history of No.9 Company’s entry into the two-wheeled electric vehicle industry will reveal that compared with other brands, more than four years is really not a long time. But it is this short time that Company No.9 has become an indispensable and irreplaceable existence in the industry.

Not long ago, the fifth millionth intelligent two-wheeled electric vehicle of No.9 Company successfully rolled off the assembly line, and it was only over three months since the fourth millionth one rolled off the assembly line. The amazing growth rate record took 27 months from the first million units, gradually shortened to 11 months, 7 months and 4 months, and increased by 1 million units in the last three months. This is rare in the whole industry. It can be said that it has refreshed the "acceleration" of two-wheeled electric vehicles in China and set a new benchmark.

Not only that, Company No.9 also won four market position confirmations: "Top-end electric vehicles sold nationwide", "Smart electric vehicles sold nationwide for two consecutive years in 2022-2023", "No.9 for every 10 smart electric vehicles sold by China Smart Electric Vehicle Brand" and "China Electric Vehicle Young People’s Preferred Brand", and it is a well-deserved leader in the smart two-wheeled electric vehicle industry.

Operating income reached 4.239 billion yuan, up 34.75% year-on-year, and Q3 performance of No.9 Company reached a new high.

In addition to the amazing success of 1 million units in three months, recently, No.9 Company released its financial report for the third quarter of 2024. The data shows that the company’s operating income in Q3 reached 4.239 billion yuan, up 34.75% year-on-year. The net profit attributable to shareholders of listed companies was 374 million yuan, up 139.07% year-on-year;

It is worth mentioning that, as one of the fastest growing businesses of No.9 Company in recent years, the intelligent electric two-wheeled vehicle achieved 936,300 units in China in the third quarter, and the cumulative domestic sales in the first three quarters reached 2,134,700 units, up 86.08% year-on-year. In addition, this year’s new product No.9 electric motorcycle M95c+ reached the top of the electric motorcycle sales list of Tmall, JD.COM and Tik Tok at the same time, No.9 electric motorcycle from MMAX2 110P won the first place in the electric bicycle sales list of JD.COM and Tmall, and No.9 electric motorcycle N70C won the first place in the electric motorcycle sales list of Tik Tok.

Each of these data proves the strength of Company No.9, and shows that it occupies an indisputable position in the two-wheeled electric vehicle industry. In the future, Company No.9 will continue to maintain this "acceleration", constantly improve the quality of its products and services in the fierce competition, meet the diverse needs of consumers for smart travel, and at the same time promote the high-quality development of the brand itself and the whole industry.

　 　 　(Zhongguancun Online Yantai Quote) HuaweiAscend P7 (mobile TD-LTE version)It is a mobile phone with excellent camera capabilities. The fast capture function of the machine is a highlight, which allows fleeting moments to be easily retained in our mobile phones. At present, the merchant Yantai "Haozheng Communication" offers 2450 yuan.

Pictured: HuaweiAscend P7(Mobile TD-LTE version)

　Huawei Ascend P7(Mobile TD-LTE version) uses a 5-inch full high definition in-cell screen, and the machine also uses Corning’s third-generation gorilla glass protective screen. The upper left corner of the back of Huawei Ascend P7 is a 1.3 million pixelsThe camera is equipped with an LED flash at the bottom, and the Huawei logo is located in the middle. The speaker is placed at the bottom left of the back in a vertical strip.

Pictured: Huawei Ascend P7 (mobile TD-LTE version)

Pictured: Huawei Ascend P7 (mobile TD-LTE version)

　 　 The front-facing camera of Huawei Ascend P7 (mobile TD-LTE version) supports ten-level beauty functions. It is worth mentioning that the machine also supports video skin beauty and panoramic selfies. These two functions are indeed uncommon and improve the functionality of the front-facing camera. The HiSilicon Kirin 910T processor is used. The processor uses four Cortex-A9 cores and integrates the Mali-450MP graphics processing unit. In terms of memory, the machine uses2GB With a combination of RAM and 16GB ROM, the overall performance is still worth looking forward to.

Pictured: Parameter diagram

Editor’s comment:
　 　 The front-facing camera of Huawei Ascend P7 (mobile TD-LTE version) has 8 million pixels, uses 5 aspherical lenses, the aperture reaches F2.4, and the photosensitive area of a single pixel reaches 1.4 μm, which is indeed very powerful in terms of hardware.

[Reference quotation] 2450 yuan (this price ends 2014-07-16)
[Business Name] Yantai Haozheng Communication
[Merchant Address] No. 17 and 18, Cabinet B2, Zhongcheng Digital Plaza, Yantai
[Contact number] 0535-2110002 15253576666
[Online store]//dealer.zol.com.cn/d_180747/
[Tips] the purchase process mentioned Yantai IT network it7t.com netizens can get a lower price

　　For users and rice fans who are used to Xiaomi’s business model, Xiaomi will probably not be surprised to launch any products. Recently, Xiaomi released another Xiaomi portable flashlight with a very simple design. In addition to being used as a flashlight, it can also be used as a mobile power supply.

　　First, appearance

　　The white lower part is the lanyard hole, USB-A output port, MicroUSB charging port and power button. The USB output port allows Xiaomi portable flashlight to function as a power bank.

　　The Xiaomi portable flashlight adopts an upper and lower two-stage design, which is simple and simple. It is worth mentioning that the material of this portable flashlight is aluminum alloy.

　　Model: PB01ZM

　　Input/Output: 5V/1A

　　Battery capacity: 3350mAh/12.06Wh

　　Manufacturer: Jiangsu Purple Rice

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　　Test

Charging with the original Mi 6 charger, the ChargerLAB POWER-Z KT001 shows a 5V/1A input, and it is estimated that it will take about 3 hours to fully charge.

　　In terms of input, for the output capacity of 5V/1A, almost all mobile phone charging concepts on the market are compatible with this product. Here are the standard chargers of several brands of mobile phones tested, and the charging power can reach more than 5W.

　　Charge the iPhone8 Plus, the same 5V/1A output. It should be noted that this product defaults to giving priority to the flashlight function. For example, if the flashlight is turned on when charging the phone with the USB port, the USB port output will be stopped.

　　In terms of output, Xiaomi flashlights can also support many devices. In the ranks of portable flashlights, the function of having a USB port output port is a good selling point. Although the power of mobile phone charging is small, it is enough to solve the problem of emergency charging.

On the evening of June 2, CCTV Financial Channel exposed the industry behind the second-hand air conditioner renovation fraud.

In this news program, CCTV gave a rare thumbs up to Xiaomi Air Conditioning. The content of the news was about Beijing issuing subsidies for the trade-in of smart consumer goods. The report said that Xiaomi became the object of everyone’s praise. The report also mentioned that the service of Xiaomi Air Conditioning is very good. When you buy Xiaomi Air Conditioning, when the new machine is delivered, the installer will remove the original old machine and directly install the new machine to complete the trade-in in one stop.

After the CCTV coverage, Lei Jun first reprinted the news to his Weibo. After the CCTV report, Xiaomi air conditioner caused a heated discussion on the Internet.

According to the data, millet air conditioner has quietly become a market giant, 2024Q1 overall shipments reached 690,000 units, an increase of 63%. The industry forecasts that the shipment of millet air conditioner will reach 7 million units in 2024.

Xiaomi air conditioner has led Gree

In the hot season, the air-conditioning market also ushered in the annual sales feast. When the bell of 618 rang, a contest between air-conditioning and technology began quietly, and the result of this battle shocked the entire industry – 618 air-conditioning sales ranking: Xiaomi No. 1, Gree No. 5, a new era seems to be coming quietly.

The Xiaomi brand was originally closely linked to smartphones, but in just six years, it has run a remarkable trajectory as a new horse in the air-conditioning industry. In the summer of 2018, Xiaomi ventured into the air-conditioning field for the first time. For this challenging market, Xiaomi is like a passionate explorer, with a unique understanding of intelligent life, stepping into this territory that seems to have been divided by giants.

Its star product, Xiaomi’s giant power-saving air conditioner, is the secret weapon in this counterattack war. With its ultra-high energy efficiency ratio and intelligent experience, Xiaomi air conditioner quickly captured the hearts of young consumers. On the hot-selling list of JD.com 618, this air conditioner is based on the trust of more than 1 million users. It sold 20,000 units only three days before the event, topped the chart continuously, and wrote a legend from nobody to king.

Xiaomi’s success is not just the accumulation of numbers, but also the result of profound insight into market demand. Behind every air conditioner sold is a family’s desire to improve the quality of smart life and trust in Xiaomi’s brand concept. Through the characteristics of intelligent interconnection, energy conservation and environmental protection, Xiaomi air conditioners have attracted modern families’ yearning for green and healthy life, and have successfully found their place at the intersection of traditional and emerging consumer concepts.

On the other hand, Gree, once known as the air conditioner kingdom, is a little powerless in the face of a rising star like Xiaomi. Although Gree Yunjia series air conditioners attack with a new level of energy efficiency and affordable prices, and even reduce the price to 2699 yuan over the years, in the fierce competition of 618, only more than 10,000 units are sold. The halo of the former hegemon, under the impact of new forces, appears to be a little dim.

Recalling the "clash" between Dong Mingzhu and Lei Jun in public many years ago, Dong Mingzhu bluntly said that Xiaomi was an "OEM" and questioned Lei Jun’s business model. However, today, the market has given a different answer. Xiaomi has not only established a foothold in the field of smartphones, but also broke through in the air-conditioning market. Sales surpassed Gree and approached the throne of traditional giants, which is undoubtedly a powerful response to the remarks of that year.

The rise of Xiaomi air conditioners is not only a victory of technology and innovation, but also a manifestation of consumer choice. The ebb and flow of Xiaomi and Gree may be a microcosm of the overture of the old and new in the home appliance industry, indicating that the future air conditioner market will pay more attention to the integration of innovation, energy conservation and intelligence, and all of this will be determined by the remote control in the hands of consumers.

Building air conditioners with the idea of making mobile phones

The beginning of the story of Xiaomi’s air conditioner can be traced back to 2018, an era when the concept of smart home was surging. Xiaomi, the company known as the "king of cost performance", has built a huge smart ecological empire through smartphones, TVs, bracelets and other products. However, Lei Jun and his team did not stop there. They were keenly aware that in the field of smart home, there is still a blue ocean waiting to be conquered – the home air conditioner market.

At that time, the traditional air-conditioning industry was already a red sea, with fierce competition and serious homogeneity. But Xiaomi saw the difference, and they believed that with their deep accumulation of smart hardware and Internet of Things technology, they could bring disruptive changes to this traditional industry. So a bold idea quietly sprouted within Xiaomi: to create a true smart air conditioner, so that the cool wind of technology can blow into thousands of households.

In July 2018, the first product of Xiaomi Air Conditioning – "Mijia Internet Air Conditioning" was officially launched. This is not only an air conditioner, but also an important part of Xiaomi’s smart home ecosystem. It is equipped with Xiaomi’s own intelligence system, and users can realize remote control, intelligent adjustment, voice control and other functions only through the mobile APP, completely breaking the operating barriers of traditional air conditioners.

But behind this is the countless technical research and market surveys of the Xiaomi team. From the optimization of cooling and heating efficiency, to the innovation of appearance design, to the seamless connection of intelligent Internet technology, every step is full of challenges. Especially in ensuring product performance, how to maintain Xiaomi’s consistent high cost performance has become a major problem for the team. In the end, through the deep integration of the supply chain and the fine management of cost control, Xiaomi air conditioners made a stunning appearance at a very competitive price and quickly attracted the attention of the market.

The success of Xiaomi Air Conditioning has not stopped Xiaomi. Lei Jun’s ambitions are greater than imagined, and the excellence of a single product cannot represent the whole. The real competitiveness lies in building a complete smart home ecosystem. Therefore, Xiaomi Air Conditioning has begun to deeply link with other Xiaomi ecological chain products, such as cooperating with the Xiaomi Mi Band to automatically adjust the temperature according to the user’s sleep state; combining with Xiao Ai’s smart speaker to achieve voice control throughout the house, making smart life within reach.

This series of layout makes Xiaomi air conditioner no longer just a cold home appliance, but a warm and convenient intelligent life assistant in every family. Sales of Xiaomi air conditioners have also been rising. According to public data, since its launch in 2018, Xiaomi air conditioner business has maintained an average annual growth of more than 30%. By the end of 2021, the cumulative sales volume has exceeded the 5 million unit mark, successfully occupying a place in the highly competitive air conditioner market.

In the future, with the further integration of 5G, Internet of Things, artificial intelligence and other technologies, Xiaomi’s air conditioning business may go further.

What did Gree Xiaomi do right?

In just a few years, Xiaomi Air Conditioning has risen from the edge of the industry to the bright focus of the mainstream stage. So, what is Xiaomi Air Conditioning doing right by surpassing Gree?

When you sit in the office and whisper to your phone: "Xiao Ai, turn the air conditioner at home to 25 degrees." The Xiaomi air conditioner at home seems to have a heart-to-heart connection and starts slowly. When you return home, you will be greeted by a cool room. This is the first type of Xiaomi air conditioner to take the lead in the rivers and lakes – the intelligent design concept.

The Xiaomi air conditioner is not just a heating and cooling regulator, it is the guardian of the smart home of the Xiaomi ecological chain, seamlessly integrated into the Mijia ecosystem, making remote control and voice commands a reality. Imagine, whether it is a hot afternoon in the sun or a cold winter night, you only need to touch your fingertips or voice call to make the temperature of your home just right. This sense of control at will is the unique charm that Xiaomi air conditioner gives users.

What’s more impressive is its intelligent scene mode, which is like a caring life assistant, learning your living habits and automatically adjusting to the most comfortable temperature, which is both energy-saving and environmentally friendly.

If intelligence is the wing of Xiaomi Air Conditioning, then the price of being close to the people is its solid feet, which allows it to firmly establish itself in the market. Xiaomi Air Conditioning is well versed in cost performance and interprets the brand philosophy of "good but not expensive" with practical actions. In the air conditioning industry, high-end models that cost thousands of yuan at every turn are everywhere, but Xiaomi is like a clear stream. With its highly competitive price and excellent functions and quality, it quickly won the favor of consumers.

Lei Jun’s game of chess was far-reaching and accurate. He may have foreseen that in today’s consumption upgrade, consumers are not only pursuing the basic functions of products, but also seeking the satisfaction of "value for money". The appearance of Xiaomi air conditioners is like a timely rain in summer, allowing consumers to enjoy the comfort and convenience brought by cutting-edge technology at a lower cost, thus standing out among many brands and building a sky of their own.

In the face of the rise of Xiaomi air conditioners, Dong Mingzhu, the head of Gree, may have been confused. In her opinion, the core of home appliances lies in quality, and excellent quality is the passport of the market. However, times are changing, and consumer demand is also quietly changing. Under the wave of intelligent technology, simple "hard core" is no longer enough to sum up the whole market. People yearn for a smarter and more convenient lifestyle.

The success of Xiaomi Air Conditioning is the best interpretation of this trend. It tells us that the future competition is not only the competition of the product itself, but also the accurate grasp of consumer psychology and future trends. In the blue ocean of smart home, only by constantly innovating and embracing change can we ride the wind and waves.

Therefore, whether it is for Xiaomi air conditioners or the entire home appliance industry, continuous exploration of the boundaries of intelligence, continuous optimization of user experience, while maintaining the price of the people’s line, will be the key to future development. On this road, Xiaomi air conditioners have gone out of their own pace, proving that in the era of smart home, intelligence and cost-effectiveness are the king of winning the market.

The story is not over, and the chapter of smart home is slowly unfolding. The contest between Xiaomi air conditioner and Gree is just a scene in this game of change. On the stage of the future, who can say who will lead the trend next? But what is certain is that it will be the brand that understands users best and is closest to the pulse of the times.

Author | T800