The company’s problem is not just about money, but the major shareholders need to go public and realize it.

　　The lawn mower is a strange thing to Fengyunjun, who is wandering around the world. Generally, it is only seen in the homes of Europeans and Americans who live in big house in movies.

　　However, the main producer of lawn mowers in the world is China. Head companies in the lawn mower industry, such as Chuangke Industry (00669.HK) and Quanfeng Holdings (02285.HK) Fengyunjun, have all introduced them and given good comments.

　　Recently, () (301260.SZ) Growth Enterprise Market held a meeting and will soon land in the capital market.

　　The company is called "the first share of new energy garden machinery" by many media-the estimated amount of funds raised by the company is as high as 3.456 billion, which is one of the larger IPOs since last year.

　　Is it really capable, or is it just a hollow reputation?

　　Fengyunjun reveals the secrets that listed companies don’t want you to know.

　　On the eve of IPO, it was "two choices" by downstream channel providers, and the expression in the prospectus was contradictory.

　　Lawn mower, or more broadly outdoor power tool (OPE), is a typical foreign trade manufacturing industry in China: most of the global demand is in North America, and a small part is in Europe.

　　After a long period of development, the terminal channels are basically monopolized by large local companies.

　　Take the North American market as an example. Home Depot (HD.N) is the largest distributor of outdoor power tools in North America. Together with Lowe’s (LOW.N) ranked second and Amazon (AMZN.O) ranked third, the top three distributors together account for 73% of the OPE market in North America in 2021.

　　Although Greebo has a small scale in the North American market, there is no way to face the downstream strength.

　　(North American market share from July 1, 2019 to June 30, 2020)

　　In 2021, the revenue from Lloyd’s, the largest customer, decreased by 43%, including Gree Bo’s own brand and OEM brand. The company explained that "due to the deepening cooperation between competitor Quanfeng Holdings and Lloyd’s, the cooperation between the company and Lloyd’s has been adversely adjusted".

　　In fact, it is "two choices."

　　Many people may know that Alibaba (09988.HK)’ s "choose one from the other" is actually a common phenomenon in supermarkets in Europe and America, with the aim of avoiding competition among channels and obtaining monopoly profits.

　　According to the voltage, Greebo’s products are divided into 40V, 60V, 80V and other series. In this "one of two choices", Lloyd’s selected Quanfeng’s 56V EGO brand products, and Gree Bo’s 60V own brand products stopped selling at Lloyd’s.

　　Kobalt, the 40V Shangchao brand product originally manufactured by Gree Bo, was also produced by Quanfeng Holdings, while 80V branded products continued to be produced by Gree Bo due to the lack of corresponding product lines in Quanfeng, but were only sold online instead.

　　I don’t know if it is to cover up the embarrassment of being abandoned by customers, but the company then said that the way of cooperation with Lloyd’s "will not have a significant adverse impact on the development of its own brand, nor will it restrict the sales of its own brand or reduce procurement".

　　Fengyunjun can’t figure out who has a problem with reading comprehension in an instant.

　　Supposedly, the cooperation with Lloyd’s has gone wrong, so just switch to other channels.

　　Sorry, it’s not that simple.

　　Home Depot, the number one distributor, mainly cooperates with Chuangke Industry. Chuangke Industry is the largest manufacturing enterprise in this field, and its Milwaukee and Ryobi are the first professional and DIY tool brands in the world respectively.

　　In the second half of 2020, Greebo began to cooperate with The Home Depot, and its products were mainly its own brand 60V lawn mower. However, in the second half of 2021, the company stopped its direct business with The Home Depot, and chose to work for other American suppliers of The Home Depot (such as Toro and Echo).

　　Did The Home Depot choose between Chuangke Industry and Gree Bo? Or did Chuangke Industrial use its dominant position to suppress Gree Bo? Fengyunjun is not clear.

　　However, there is no doubt that Toro is an American company, and in this process, Gribo was eaten by Toro.

　　In desperation, Greebo’s living space was gradually squeezed into an e-commerce company like Amazon and a comprehensive supermarket like COST.O, which were the company’s first and second largest customers in the first half of last year.

　　Although Amazon is large in scale, on the whole, offline channels still dominate the global OPE market, with offline channels accounting for 91% in 2020.

　　(Prospectus of Quanfeng Holdings)

　　In the cooperation with Amazon, Greebo also doesn’t have much pricing power. The company said that the current cooperation mode with Amazon is mainly B2B, that is, the products are sold after being bought out by Amazon.

　　At present, Lloyd’s has fallen to the third largest customer of the company, and the company expects that the income to Lloyd’s will be further reduced in the future.

　　Toro, the fourth largest customer, is a foundry customer.

　　Then there are some unknown small fish and shrimp. TSC, the fifth largest customer, and Harbor Freight Tools, the sixth largest customer, are both chain stores of American tools, ranking 36th and 82nd among American retailers respectively in 2021.

　　The top five customers contributed 63.2% of the revenue.

　　If you miss the opportunity in the growth track, you will not increase your income.

　　The outdoor power equipment market is closely related to the real estate industry, which has grown steadily for a long time. In recent years, a major opportunity is the transformation to new energy, and the proportion of lithium-ion tools has increased rapidly.

　　However, it seems that Greebo did not seize this opportunity.

　　In 2021, Greebo’s revenue reached 5 billion yuan, and the CAGR of 2018-2021 was 17.2%, far less than the 58.3% of competitor Quanfeng Holdings’ outdoor power equipment. Quanfeng Holdings is the first OPE company to transform into lithium battery, and its scale has surpassed that of Gree Bo.

　　Chuangke Industry, the industry leader, did not distinguish between power tools and outdoor power equipment. Together, they contributed 76.02 billion revenue in 2021, and the CAGR in 2017-2021 was 22.8%.

　　(Chuangke Industry has a wealth of power tools products, source: Chuangke Industry Annual Report 2021)

　　The revenue of () (300879. SZ) with both fuel and lithium-ion mowers in 2021 was 1.61 billion yuan, and CAGR was 21.1% in the last five years.

　　() (002444.sz) Only in 2021 did we vigorously develop power tools such as vacuum cleaners and power nail guns, and achieved revenue of 1.02 billion yuan in that year.

　　The main sales areas of the above-mentioned companies are Europe and America, which can be said to be competitors. However, in the case of having a strong enemy before and a pursuer after, Gree Bo was overtaken by the spring peak of the same magnitude, and his performance can only be said to be average.

　　At present, in the process of transforming outdoor power equipment into lithium battery, none of the upstream manufacturers has real technical barriers. It is most important to seize the time to seize the market and establish a brand.

　　The gross profit margin of Chuangke Industry, which has a huge scale advantage, has steadily increased year by year, while the gross profit margin of other companies has declined in the "involution" in the past two years. Last year, Greebo’s gross profit margin was 27.5%, down 7.6 percentage points year-on-year, lagging behind Quanfeng Holdings’ outdoor power equipment of 29.8% and ahead of Daye and Giant Star Technology.

　　For Gree Bo, the main reason for the decline in profitability is the sharp drop in the gross profit margin of supermarkets, and the premium of small supermarkets is really not good.

　　At present, the company’s e-commerce channel has the highest gross profit margin, and the OEM gross profit margin is low but stable.

　　In 2021, the company’s non-net profit margin was only 4.7%, and the non-net profit margin was 240 million, down 42% year-on-year.

　　The company expects revenue of 4.15-4.25 billion yuan in the first three quarters of last year, up by 11.42%-14.11% year-on-year, and net profit of 200-210 million yuan, down by 11.49%-7.07% year-on-year.

　　The obvious increase in income does not increase profits.

　　Under the trade stick of the United States, China’s manufacturing industry should be self-reliant

　　Although there are so many negatives, Fengyunjun believes that the company itself cannot be simply blamed for the problem.

　　Problems such as "involution" and "alternative" are actually the comprehensive embodiment of demand-side pressure and American trade protectionism.

　　At present, it seems that the global economic slowdown is inevitable; Moreover, in order to deal with the tariff problem, companies need to pay extra costs.

　　Griebo said that in response to the tariff increase in the United States, the company chose to negotiate with customers to share tariffs and set up a manufacturing center in Vietnam.

　　In 2020, the company’s sales to STIHL, the fifth largest customer, declined, also because STIHL transferred some products to American factories for production, reducing the purchasing scale of ODM.

　　Coincidentally, Chuangke Industry, the first in the industry, also chose to build a new production facility for cordless lawn mowers in the United States.

　　(Source: Chuangke Industrial 2021 Financial Briefing)

　　Quanfeng Holdings, the second largest company in the industry, set up Quanfeng Vietnam in 2020 to produce locally to avoid some tariffs.

　　In addition, Chuangke Industrial and Quanfeng Holdings both expand their brands through acquisitions and form a brand matrix to balance the influence of downstream channels.

　　For example, the Milwaukee brand under Chuangke Industrial can be traced back to 1924 and was acquired by Chuangke Industrial in 2005.

　　In addition to its own brand EGO, Quanfeng Holdings also acquired German brand FLEX and American brand SKIL, and there are currently five different brands. FLEX brand was founded in 1922 and acquired by Quanfeng in 2013.

　　(Source: Quanfeng Holdings Prospectus)

　　In 2017, Greebo acquired a 70% stake in Cramer, a European garden machinery company, for 5.6 million euros, but it was sold for 1 million euros in 2020 because the operation and synergy failed to meet expectations.

　　At present, the company insists on selling with its own brand greenworks, and the proportion of its own brand is rising, reaching 65.5% in the first half of last year.

　　In addition, the company’s sales on the official website platform are also increasing year by year, accounting for 4.70% in the first half of last year.

　　Cash flow deteriorates, and major shareholders need to go public to realize it.

　　Founded in 2002, Greebo introduced external investor STIHL in 2016 and changed into a joint-stock company in 2020.

　　STIHL is a German garden machinery manufacturer and a customer of the company.

　　At present, the actual controller of the company is Chen Yin, co-founder and chairman, who holds 75.1% of the shares and STIHL holds 24.9% of the shares through direct and indirect means. It is rare that there are no external institutional investors.

　　Among the four executive directors, except Chen Yin, all are from financial background.

　　In this IPO, the company plans to raise 3.456 billion yuan, and the public offering shares account for 25% of the total issued share capital. If it is successfully raised, the market value will be 13.82 billion yuan, which is already small.

　　The company’s main problem now is cash flow. In 2021, the net cash flow from operating activities and free cash flow were 60.97 million yuan and 400 million yuan respectively, and in the first half of last year, they were 290 million yuan and 450 million yuan respectively.

　　The main reason for the deterioration of cash flow is the substantial increase in inventory and recurring accounts receivable, which reflects that the company’s large stock in 2021 has not been digested.

　　However, Greebo said with a swollen face that 90% of the production is driven by orders, which is very incomprehensible.

　　The company’s solvency has also deteriorated. By the end of the first half of the year, short-term loans were 1.10 billion yuan, long-term loans were 730 million yuan, and monetary funds were only 720 million yuan, which was not enough to cover short-term liabilities.

　　As can be seen from the company’s shareholding structure, Chen Yin does not want to share the IPO dividend with external investors. In the absence of new funds, listing may be the best choice.

　　In 2020, the company paid a dividend of 160 million yuan, accounting for 29% of the net profit returned to the mother in that year.

　　As a foreign trade-oriented manufacturing company, Greebo’s performance is inevitably subject to the downstream channels and the economic environment in North America.

　　In recent years, in the process of lithium electrification of garden machinery, the company’s development is not satisfactory, and its scale has been overtaken by Quanfeng Holdings, and its profitability has also fallen sharply.

　　Perhaps knowing that the company’s problems are not ultimately solved by money, Chen Yin, the boss of the company, chose to go public as soon as possible instead of introducing investors.

　　Faced with the risk of global economic recession this year, the company’s future is still unknown.

　　People’s Daily Online, Beijing, February 6 According to the website of china food and drug administration, a few days ago, the Food and Drug Administration issued a notice on the unqualified 65 batches of Chinese herbal pieces. According to the list of notices, 65 batches of Chinese herbal pieces produced by 61 enterprises failed the inspection, and these 65 batches of Chinese herbal pieces were all licorice pieces. There are many well-known domestic pharmaceutical companies in the list of 61 enterprises, including Beijing Tongrentang, Shizhentang and Jianshengyuan.

　　After inspection by Beijing Institute for Drug Control, 65 batches of Chinese herbal pieces produced by 61 enterprises such as Jiangxi Zhangshu Tianqitang Chinese herbal pieces Co., Ltd. were unqualified. The relevant information is hereby notified as follows:

　　1. Tested by Beijing Institute for Drug Control, Marked as Beijing Guancheng Pharmaceutical Co., Ltd., Hebei Qizhongxin Pharmaceutical Granule Pieces Co., Ltd., Hebei Qiyitang Pharmaceutical Co., Ltd., Hebei Quantai Pharmaceutical Co., Ltd., anguo city Qi ‘ao Chinese Herbal Pieces Co., Ltd., Chifeng Zizhi Chinese Medicine Co., Ltd., Heilongjiang Xiangtai Chinese Herbal Pieces Co., Ltd., Harbin Pharmaceutical Group Shiyitang Chinese Herbal Pieces Co., Ltd., Shanghai Hongqiao Chinese Herbal Pieces Co., Ltd., Jiangsu Huahong Pharmaceutical Technology Co., Ltd. Anhui Jiezhong Biochemistry Co., Ltd., Bozhou Qiancao Pharmaceutical Co., Ltd., Bozhou Huqiao Pharmaceutical Co., Ltd., Bozhou Yonggang Pieces Factory Co., Ltd., Beijing Tongrentang (Bozhou) Pieces Co., Ltd., Jiangxi Pengshi National Medicine Tang Pieces Co., Ltd., Jiangxi Zhangshu Tianqitang Chinese Medicine Pieces Co., Ltd., Jiangxi Zhihetang Chinese Medicine Pieces Co., Ltd., Henan Qingshan Pharmaceutical Co., Ltd., Beijing Shizhentang (Yichang)Pharmaceutical Co., Ltd., Hubei Jingui Chinese Herbal Pieces Co., Ltd., Hunan Jinshitang Chinese Herbal Pieces Co., Ltd., Guangdong Tiantai Pharmaceutical Co., Ltd., Guangxi Guigang Shennong Pharmaceutical Co., Ltd., Guangxi Liuzhou Baicaotang Pharmaceutical Co., Ltd., Guangxi Tongfutang Chinese Herbal Pieces Co., Ltd., Guangxi Yulin Zhizhen Chinese Herbal Pieces Co., Ltd., Guangxi Zhangyitang Chinese Herbal Pieces Co., Ltd., Chongqing Tiankai Pharmaceutical Co., Ltd. Sichuan Boren Pharmaceutical Co., Ltd., Sichuan Jingxin Chinese Herbal Pieces Co., Ltd., Sichuan Xiangru Pharmaceutical Co., Ltd., Sichuan Yuanshangcao Chinese Herbal Pieces Co., Ltd., Chengdu Yicheng Pharmaceutical Co., Ltd., Liangshan Xinxin Chinese Herbal Pieces Co., Ltd., Bazhong Kelun Pharmaceutical Trading Co., Ltd., Guizhou Miaozhiling Pharmaceutical Co., Ltd., Yunnan Xianghui Pharmaceutical Co., Ltd., Shaanxi Xingshengde Pharmaceutical Co., Ltd., Weinan Putaihe Chinese Herbal Pieces Co., Ltd. 63 batches of licorice (licorice tablets) produced by Gansu Guanlan Chinese Herbal Pieces Co., Ltd., Lanzhou Xukang Pharmaceutical Co., Ltd., Zhangye Hengli Chinese Herbal Processing Co., Ltd., Ningxia Northwest Medicinal Materials Technology Co., Ltd., Ningxia Yongshoutang Chinese Herbal Pieces Co., Ltd., Xinjiang Heji Chinese Herbal Pieces Co., Ltd. were unqualified. Unqualified items include character and content determination.

　　After inspection by Beijing Institute for Drug Control, two batches of roasted licorice produced by Shanxi Hunyuan Wansheng Astragalus Development Co., Ltd. and Jiangsu Jianshengyuan Chinese Herbal Medicine Co., Ltd. were unqualified. Unqualified items include character and content determination.

　　Two, the unqualified Chinese herbal pieces, the relevant provincial food and drug supervision and management departments have taken control measures such as seizure, requiring enterprises to suspend sales and use, recall products, and carry out rectification.

　　Third, china food and drug administration requires the provincial food and drug supervision and administration department where the relevant units are located to initiate an investigation on the illegal acts of producing and selling substandard drugs by the above-mentioned enterprises in accordance with Articles 73, 74 and 75 of the Drug Administration Law of People’s Republic of China (PRC), make public the results of the treatment of the relevant units producing and selling substandard drugs within three months, and report relevant information in a timely manner.

　　In the case investigation, if an enterprise has any objection to the authenticity of the product, it can submit it to the local provincial food and drug supervision and administration department, which will investigate and verify the production and sales of the enterprise and inform the provincial food and drug supervision and administration department where the sampled unit is located. The provincial food and drug supervision and administration department where the sampled unit is located shall immediately file an investigation and trace the source of the product after receiving the notice of objection to the authenticity of the unqualified product. If it is indeed produced by the label production enterprise, the relevant provincial food and drug supervision and administration department will give the production enterprise a heavier punishment. (Zhu Jiang)

　　Now it is said that the market share of that windows8 system has risen the fastest, and that it is the win8 system. More and more people install win8 system after being recognized by the market. However, because the time for free upgrade of win8 has passed, many people have not activated the system after installing it. Many functions of the system without activation cannot be used. In order to solve this problem, Xiaobian collected activation codes of various versions of win8 system for everyone to use. With activation code tutorial.

　　I. How to use the activation code, taking win8 Professional Edition as an example:

　　1. Press Win +X at the same time, and then select the command prompt (Administrator).

　　2. Enter in turn at the command prompt:

　　Slmgr.vbs /upk (at this time, the pop-up window shows "Product key successfully uninstalled")

　　Slmgr/ipkw269n-wfgwx-yvc9b-4j6c9-T83gx (pop-up window prompts: "Product key successfully installed")

　　Slmgr /skms zh.us.to (pop-up window prompts: "The computer name of key management service is successfully set to zh.us.to")

　　Slmgr /ato (pop-up window prompts: "Product successfully activated")

　　Second, the activation keys of each version of win8

　　Professional Edition: W269N-WFGWX-YVC9B-4J6C9-T83GX

　　Education Edition: NW6C2-QMPWW-D7KKK-3KGT6-VCFB2

　　Professional edition n: mh37w-n47xk-v7xm9-c7227-gcqg9

　　Enterprise edition n: dph2v-ttnvb-4x9q3-tjr4h-khjw4

　　Education edition n: 2wh4n-8qgbv-h22jp-ct43q-mdwwj

　　Enterprise edition: NPPR9-FWDCX-D2C8J-H872K-2YT43

　　Home Edition: TX9XD-98N7V-6WMQ6-BX7FG-H8Q99

　　Enterprise version lstb: wnmtr-4c88c-jk8yv-hq7t2-76df9

　　Enterprise version lstb n: 2f77b-tnfgy-69f-b8ykp-d69tj

　　The above is how to use the activation keys and keys of each version of win8. Friends who need to activate can refer to this tutorial for operation.

　　On the evening of October 31st, a number of listed companies in Shanghai and Shenzhen stock markets issued announcements for investors’ reference:

　　Major events > > >

　　Zhujiang shares: it is planned to exchange assets with Zhushi Group and Zhujiang Health to set aside related real estate development business.

　　() Announcement, the company intends to exchange assets with Zhushi Group and Zhujiang Health. After preliminary planning, the assets to be placed are 100% equity of Zhujiang City Service, and the assets to be placed are assets and liabilities related to the real estate development business held by Zhujiang Co., Ltd., and the difference is made up by creditor’s rights and cash. The specific ratio of creditor’s rights and cash is determined according to the audit evaluation results and negotiation between the two parties, but it does not involve issuing shares. After the transaction is completed, the listed company will focus on property management and cultural and sports operation to realize the strategic transformation of its business.

　　Zhongqingbao: It is planned to purchase all the shares of Guangzhou Baoyun and suspend trading.

　　() Announcement: It is planned to issue shares and pay cash to purchase all the shares of Guangzhou Baoyun Information Technology Co., Ltd. and raise matching funds. The company’s securities will be suspended from November 1, and the company expects to disclose the trading plan within no more than 10 trading days.

　　AVIC Shen Fei: Shen Fei Company and Shenyang Aviation Industry Group signed a cooperation agreement on the specialized integration project of large-scale aircraft machinery and structural parts.

　　() Announcement: Shenyang Aircraft Industry (Group) Co., Ltd., a wholly-owned subsidiary, and Shenyang Aviation Industry Group Co., Ltd. signed the Cooperation Agreement on Specialized Integration Project of Large Aircraft Machinery and Structural Parts, and planned to jointly establish Shenyang Aviation Precision Manufacturing Co., Ltd. After Aeronautical Precision Manufacturing has obtained all the qualifications to become a qualified supplier of Shen Fei Company, Shen Fei Company will increase its capital with physical assets and intangible assets. After the completion of capital increase, the shareholding ratio of Shen Fei Company in precision manufacturing of aviation products is not less than 34% and not more than 49%.

　　Wanhua Chemical: Lowering the price of polymeric MDI in China in November.

　　() Announcement, since November 2022, the listing price of polymeric MDI in China area of the company is 17,800 yuan/ton (down 2,000 yuan/ton compared with the price in October); The listing price of pure MDI is 23,000 yuan/ton (no change compared with October). On the same day, the company announced that the shareholder Prime Partner International Limited (Chinese name "Synthetic International Holdings Limited") intends to reduce its shareholding by no more than 1%.

　　Zhejiang Jiantou: The subsidiary won the bid for 1.19 billion yuan project.

　　() Announcement: Zhejiang Construction Engineering, a subsidiary, has successfully won the bid for the first phase of Zhong () Park Custom Factory (a newly-built production project with an annual assembly of 10 million laptops), with a winning bid of 1.19 billion yuan.

　　Buchang Pharmaceutical Co., Ltd.: Luzhou Buchang signed a cooperative development and licensing agreement with American Ruimeide.

　　() Announcement: Based on strategic considerations, Luzhou Buchang, a subsidiary company, decided not to further develop and commercialize the monoclonal antibody molecule REMD-290 according to the original contract, but to select the double antibody molecules BC921 and BC922 (that is, the modified molecules of REMD-290) for technological R&D, development, production and commercialization, and the target area was changed from global to Chinese mainland and Russian. On October 31st, 2022, Luzhou Buchang signed the Cooperative Development and Licensing Agreement with American Ruimeide.

　　Saturday: Securities abbreviation changed to "Yaowang Technology"

　　It was announced on Saturday that the company intends to change the existing company name and abbreviation. The company name is "Foshan Yaowang Technology Co., Ltd." and the securities abbreviation is changed to "Yaowang Technology".

　　Increase or decrease holding > > >

　　Giant Network: Shareholders and their concerted actions intend to reduce their holdings by no more than 2%.

　　() Announcement: Dinghui Fuyuan, a shareholder holding 5.91% of the shares in total, and Fuye Investment, a concerted action person, plan to reduce the company’s shares by centralized bidding within 6 months after 15 trading days from the date of disclosure of the reduction plan (that is, no more than 2% of the company’s total share capital).

　　Beijing Junzheng: Shareholders intend to reduce their shares by no more than 2%.

　　() Announcement: Shanghai Shuangchuang Investment Management Co., Ltd.-Shanghai Jicen Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Shanghai Jicen"), which holds 7.84% of the shares, plans to reduce its holdings of the company’s shares by centralized bidding during the period from November 22, 2022 to May 21, 2023, not exceeding 9,631,400 shares (accounting for less than 2% of the company’s total share capital).

　　Guo Dun Quantum: The three shareholders intend to reduce their holdings by no more than 2% in total.

　　Guo Dun Quantum announced that Runfeng Investment, which holds 4.02% of the shares, Wang Genjiu, which holds 1.99% of the shares, and Wang Fengxian, which holds 0.95% of the shares, intend to reduce their holdings by no more than 2%. The above three shareholders are acting in concert.

　　Jiaying Pharmaceutical Co., Ltd.: Shareholders intend to reduce their holdings by no more than 2.5%.

　　() Announcement: Chen Shaobin, a shareholder of the company holding 10.01% of the shares, plans to reduce his holding of 12.675 million shares (not exceeding 2.5% of the company’s total share capital) in whole or in part within six months after fifteen trading days from the date of announcement.

　　Dafu Technology: The controlling shareholder intends to reduce its shareholding by no more than 3%.

　　() Announcement, the controlling shareholder’s investment plan with Tian will reduce its holding of the company’s shares by centralized bidding within 6 months after 15 trading days from the disclosure date of this announcement and/or by block trading within 6 months after 3 trading days from the disclosure date of this announcement, with a total of no more than 23,024,900 shares, that is, no more than 3.00% of the company’s total share capital.

　　Li Ziyuan: The controlling shareholder plans to increase its holdings by 10 million yuan to 20 million yuan.

　　() Announcement, the controlling shareholder Shuidiquan Company plans to increase its holdings by 10 million to 20 million yuan. The way to increase shares is centralized bidding, and there is no price range for this increase.

　　Repurchase > > >

　　Zangge Mining: It is planned to buy back shares at a price of 150 million yuan to 300 million yuan.

　　() Announcement, the company intends to use its own funds to buy back shares in a centralized bidding transaction for the implementation of the company’s employee stock ownership plan or equity incentives. The total amount of repurchase funds is not less than 150 million yuan and not more than 300 million yuan, and the repurchase price is not more than 44.40 yuan/share.

How to choose a mask that suits you? How to wear a mask correctly? The Respiratory Rehabilitation Center of Beijing Rehabilitation Hospital affiliated to Capital Medical University gives the following guidance.

　 　 　 　First, common masks and their characteristics

Common masks mainly include ordinary masks (such as paper masks, activated carbon masks, cotton masks, sponge masks, gauze masks, etc.), medical masks, medical surgical masks, and medical protective masks (such as N95 and KN95 masks, etc.).

Ordinary maskCan be repeatedly cleaned and used. Saliva will be left in the part of the mask that touches the nose and mouth. If it is not cleaned frequently, it will easily breed bacteria and do not meet the hygiene requirements. The fibers of cotton masks are generally very thick, which can not effectively filter smaller particles, and most of them have not passed the international safety certification, so the protection effect is not guaranteed.

Medical protective mask (N95)It has a good fit to the wearer’s face, can filter particles in the air, block pollutants such as droplets, blood, body fluids and secretions, and the filtering efficiency of non-oily particles can reach over 95%. It is a common personal protective article for dealing with airborne diseases.

Medical surgical maskIt is a commonly used medical mask in the operating room and other environments with the risk of body fluids and blood spatter. It can prevent blood and body fluids from passing through the mask and polluting the wearer, and at the same time, the filtration efficiency of bacteria is over 95%, but the filtration efficiency of particles is limited, and most of them are rectangular in design, and the tightness with the face is not as tight as that of medical protective masks. Common medical surgical masks include strap type and ear hanging type.

　There are many names for ordinary medical masks. Medical masks without the words "protection" and "surgery" in their names are all ordinary medical masks. This level of masks does not require blood barrier or tightness, so they are only used in ordinary medical environments. Most common medical masks are ear-hanging, and their appearance is similar to that of ear-hanging surgical masks.

　 　 　 　Second, how to choose the right mask?

　 　 　 　1. types and protective effects of masks: medical protective masks > medical surgical masks > common medical masks > common masks.

　 　 　 　2. Ordinary masks (such as cotton cloth, sponge, activated carbon and gauze) can only prevent dust and smog, and cannot prevent the spread of bacteria and viruses.

　 　 　 　3. Ordinary medical masks: they can be used in public places where people are not crowded.

　 　 　 　4. Medical surgical mask: The protective effect is better than ordinary medical mask, and it can be worn in crowded places in public places.

　 　 　 　5. Medical protective mask (N95/KN95): It can be used by front-line medical staff when they are in contact with patients diagnosed or suspected of COVID-19, fever clinics, field survey sampling and testing personnel, and can also be worn in crowded places or closed public places.

　 　 　 　6. Regarding the protection of novel coronavirus in the near future, medical masks should be selected, and ordinary cotton, gauze, activated carbon and other masks cannot be used.

　 　 　 　Third, the wearing method of medical surgical mask

　 　 　 Iv. Correct wearing method of N95 mask

　 　 　 1. Face the face of the mask without the nose clip, so that the nose clip is located above the mask. Hold the mask on your face with your hand and hold it against your chin.　

　 　 　 2. Pull the upper headband over your head and place it above your head.　

　 　 　 3. Pull the lower headband over your head and place it under the ear behind your neck.

　 　 　 4. Place your fingers in the middle of the metal nose clip and move your fingertips along both sides of the nose clip while pressing inward until the nose clip is completely pressed into the shape of a bridge of the nose. Pinching the nose clip of the mask with only one hand may affect the tightness of the mask.　

　 　 　 5. The user must check the tightness between the mask and the face:

　 　 　 A cover the mask with both hands to avoid affecting the position of the mask on the face;

　 　 　 B. inhale quickly. If air leaks from the bridge of the nose, readjust the nose clip according to step 4; If air leaks from the edge of the mask, the headband should be readjusted; If a good fit cannot be achieved, steps 1-4 should be repeated.

　 　 　　C. if there is no feeling of leakage, it is well worn.

　 　 　 　Breathing valve tips

Function of Breathing Valve: Using a mask with breathing valve can help you feel more comfortable when exhaling in a hot and humid working environment with poor ventilation or heavy workload. The function principle of the breathing valve is that the positive pressure of the exhaust gas blows the valve plate open when exhaling, so as to quickly remove the exhaust gas in the body and reduce the sultry feeling when using the mask, while the negative pressure when inhaling will automatically close the valve to avoid inhaling pollutants from the external environment.

　 　 　 5. When do I need to change my mask?

　 　 　 1. The 1.N95 mask can be worn for three days if it is not polluted, contaminated with droplets and deformed, and the mask is closely attached to the face. However, if you contact a patient in COVID-19, or feel that you have difficulty breathing when wearing it, you need to discard it in time.

　 　 　 2. Surgical masks and medical masks are generally worn continuously for 4 hours for replacement, and they are always replaced when they are polluted or wet.　

　 　 　 Six, how to deal with abandoned masks?

　 　 　 1. Masks worn by healthy people have no risk of spread in novel coronavirus, so they can be treated according to the requirements of domestic waste classification.

　 　 　 2. Masks worn by suspected cases or confirmed patients should not be discarded at will, and should be regarded as medical waste, which should be treated in strict accordance with the relevant procedures of medical waste and not allowed to enter the circulation market.　

　　[carComments · News · Original]

　　Editor’s comment: Wuling has gradually taken the high-end route and is expected to launch more than 60,000 yuan in the futureModelNow.

　　Recently, according to the latest news, SAIC GM Wuling’s new product Wuling Hongguang S will be officially launched on August 6. The "S" of Hongguang S represents multiple meanings, including "Shine" (handsome shape), "Smart" (cool technology), "Smooth" (comfortable driving), "Super" (superior control), "Safety" (reliable and safe). It is currently sold at the same time as Wuling Hongguang, and the estimated price is 55,000.

　　The appearance of Wuling Hongguang S is also different from that of Wuling Hongguang. The front face of the former adopts the front intake grille of GM Chevrolet family style, with eagle-eye headlights and piercing polygonal fog lamps, showing the momentum of "forging ahead". The waist line of the body is smooth and coherent, and the roof is equipped with a silver large-size luggage rack, showing the fashion sense of the whole car. The new car is available in 8 fashionable colors.

　　In terms of interior, Wuling Hongguang S has broken away from the pure functional trend style of "Wuling Van", but adopts the style of family cars, such as the multi-functional steering wheel similar to Mindray and Yinglang, as well as leather-wrapped seats and soft-bag interior. The color scheme of the upper and lower shades looks more home. The size of the new car body is 4400mm*1680mm*1770mm, the wheelbase reaches 2720mm, and the internal riding space is more spacious and comfortable. There are also 330L large luggage space and 22 effective storage spaces, which are convenient for carrying various items for travel.

　　In terms of configuration, Wuling Hongguang S is equipped with ABS + EBD, dual airbags, and ISOFIX child seat interfaces, which can fully ensure the safety of passengers. It is worth mentioning that there is also a 7-inch touch display screen that realizes three playback modes of video, audio, and pictures.

　　In terms of power, the new car will launch 1.2L and 1.5L two displacement models. Among them, the 1.5L displacement model is equipped with GM’s new generation P-TEC DVVT engine, with a maximum power of 82 kilowatts, a maximum torque of 146.5 Nm, and a fuel consumption of only 7.5L/100 kilometers. Matching it is a 5-speed manual transmission.

　　[Extended reading]Many improvements and upgrades, the new Wuling Hongguang mid-year listing

　　Editor’s comment: Wuling has a deep mass base in China, and practicality and durability are its signature highlights. However, with the changes of the times, space and durability are far from enough, but it requires a fashionable appearance.

　　Recently, we obtained a set of spy photos of the new Wuling Hongguang. The new car has fully optimized the body on the basis of both appearance and durability, and realized the overall improvement of fashion, comfort and quality. Wuling Hongguang has sold more than 130,000 vehicles, ranking first in the MPV market. The new car should create more brilliance.

　　The length, width and height of the new Wuling Hongguang body are 4400 × 1680 × 1750mm respectively, which is slightly improved in length compared with the current car. The most obvious change in appearance is that the air intake grille will be changed from straight waterfall type to horizontal and chrome-plated, the fog lamp will be changed from willow leaf shape to quadrangle, and the bumper will be equipped with lower protective plates.

　　Interior, the overall look of the new car is more dynamic and stylish, it uses a new style of instrument panel and steering wheel, the center console has also been redesigned, fewer buttons and brighter, adding a large size touch screen. And the current round trend is replaced by the new square trend.

　　It is understood that the new Wuling Hongguang will be equipped with a 1.5L DVVT engine to replace the current 1.4L engine, further enhancing power and economic performance. After the new model is launched, the current model will continue to be retained, and the old and new models will be sold at the same time to meet different levels of user requests. With a good reputation and a huge user base, Wuling Hongguang will undoubtedly further expand its leading edge in the MPV market.

Since the drag function is almost not used in China, the pilot is only left with a unique shape and spacious space after the introduction. The fuel consumption performance after the 3.5T engine can only be said to be mediocre, not a surprise. In addition, its competitors have also changed a lot compared to the US market. The price of 1.18 million yuan makes it have to face opponents such as the Q7. The opponent is very strong, and the pilot lacks enough highlights. If you are not so interested in the third row space, it is difficult to find a reason to choose it.

The exterior looks really domineering, and the interior is also very luxurious. You can drive the navigator on almost any occasion, which is enough for people who drive full-size SUVs in China. The six-cylinder engine that replaces the V8 can still hear the familiar grunting sound, and the huge body is smooth to drive, and even the fuel consumption is not unacceptable. The only thing that needs to be careful is that before parking, you really need to observe whether the height and width of the garage can accommodate such a big guy.

The exterior of the Navigator is quite domineering, and it has a full return rate on the road. However, the interior is relatively old-fashioned, and some details are slightly rough. The newly-installed 3.5T engine can perform better than expected, and the fuel consumption is also quite good. In short, if you want to buy a high-end SUV with great personality, the Navigator can consider it.

The third model, Avita 07, was announced today. The car adopts AVATR design concept 2.0 and has a wheelbase of 2940mm. The car offers two options of pure electric and extended range power systems and is expected to be officially launched in the third quarter of 2024.

It is reported that the length, width and height of the Avita 07 car are 4825mm × 1980mm × 1620mm, respectively. The car inherits the family design, adopts a closed grille, and uses the iconic double-layer LED daytime running lights on the front face.

The former male god of Hong Kong circle, Edison Chen, is also the dream lover of countless female fans. Unfortunately, the exposure of pornographic photos that year ruined his star and quit the entertainment industry. And Chen Xiaochun publicly criticized Edison Chen because of the incident, so the two people who had a good relationship fell out and became passers-by without intersection.

Later, Chen Guanxi and Qin Shupei got married and had a daughter. Now they live in the United States and have a happy family. Chen Xiaochun, on the other hand, focuses on the mainland, has filmed many plays and variety shows, and his family with Ying Cai’er is also happy and harmonious.

It stands to reason that the two should not have contact again. However, recently, some netizens exposed a video on the Internet, which showed Edison Chen and Xiaochun Chen chatting on the streets of Hong Kong.

It is reported that Chen Xiaochun returned to Hong Kong to film a new drama, while Chen Edison returned with his wife and daughter to visit relatives. They both returned to Hong Kong, and then happened to meet unexpectedly on the street, so there was this scene in the video.

In the video, Chen Xiaochun can be seen wearing a police uniform for filming, while Edison Chen is dressed casually. Instead of snubbing each other because of the past, they smiled and greeted each other, looking very friendly.

This scene surprised and puzzled netizens: Have they let go of their past grievances? Or is it just a surface politeness?

The scene at that time should have been like this: the two of them recognized each other on the streets of Hong Kong, looked at each other for a few seconds, did not choose to pass each other, but walked in front of each other. During this period, complicated thoughts may have surged in each other’s hearts, and some old images flashed in their minds.

Before leaving, Edison Chen put his hand on Chen Xiaochun’s shoulder, as if to show that he did not hold any grudges. And Chen Xiaochun also reached out and patted Chen Edison’s back, as if to show that he did not hold any grudges. The two simply communicated and then walked away.

In this regard, some netizens believe that they have reached this age, and they do not have much hatred for each other, so there is no need to be torn in the past.

However, some netizens feel that they are just polite, they are all old fritters, and they know how to hide their dissatisfaction.

No matter what, they did not snub or resent each other because of their past grievances, but greeted each other in a polite and friendly manner, showing a certain degree of respect and understanding, indicating that they should be relieved of each other.

After all, it had been so long, and the two of them had become more mature and magnanimous as they grew older, and their mentality and realm were different from the impulsive ones in the past. They had become the fathers of their children, had their own family and happiness, and were no longer the young and energetic young men of the past.

Therefore, instead of meeting each other, it is better to smile and eliminate enmity.

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