5G-ATG, based on 5G public mobile communication technologies, provides passenger access to the Internet through wireless LAN access on air travel by setting special base stations and pockets along aircraft routes consistent with international rules and domestic requirements. 5G-ATG is one of the important technological paths for achieving high-quality development of the air Internet and is a new application and new industry in the field of the air internet of new technologies such as 5G.

The Ministry of Industry and Informationization approved China’s mobile 5G-ATG experiment, which will further upgrade the space coverage of the 5G network, expand the 5G industry application landscape and better meet the growing demand for air travel by air.

The Cité Soleil reported that Elene Spilling, a female friend of Assena, aged 27, had purchased a cassava and staple from the café. The two men were involved in walking out of the streets, and they went to the Japanese restaurant to eat. This was the first time that Eldho and Helene Spilling love were taken together. Helene, a dancer, currently has more than 70,000 flour wires on Instagram, where she publishes periodic photographs of her dance dynamics and life.

The curator Zhu Xiaojun analyzed that “tuna Yinghua” in the name of the exhibition came from the 27th part of “body nature” in “literary mind and Carving Dragons”. He believes that the pursuit of Chen Xiangbo’s creation is to write spirit in form and have both form and spirit. In fact, all the creative results are the expression of the author’s inner temperament. “Tuina Yinghua” is the praise and love of life for nature and the extension of the connotation and significance of Chen Xiangbo’s creation.

The exhibition is divided into three parts, namely “objects”, “sincerity” and “heart”, with nearly 90 works on display. It focuses on the latest fine brushwork created by artist Chen Xiangbo, industrial ink, freehand brushwork full of ink and Zen line drawing works.

Artist Chen Xiangbo pointed out that the innovation of works cannot deny their own culture, but should present the essence of traditional culture in a “new” way with an inclusive and open mind, so as to promote Chinese culture. In this exhibition, artist Chen Xiangbo actively participated in the new media art interaction, bringing the digital ink and wash interactive art device of the work “Xuan · Sheng” to debut. Taking the abstract ink and wash “Xuan” series works as the basic elements, combined with the form of Chinese traditional scroll paintings, and using modern digital new media interactive technology, he interacted with the audience on site, so as to make the traditional culture “live” in the modern era.

Chen Xiangbo once said, “Chinese painting never takes realism as the ultimate goal, but a freehand art, which is determined by the characteristics of Chinese culture and the aesthetics of Chinese people. Freehand brushwork is the fundamental feature of Chinese art, the artistic method and national characteristics of Chinese art, and meticulous painting is no exception.” The artist has his personal interpretation of the two painting styles of fine brushwork and freehand brushwork, which is “creating new ideas in the law”. “Tuina Yinghua - Chen Xiangbo Works Exhibition” will be open to the public free of charge at Xiamen Baolong Art Center from November 13, 2021 to December 5, 2021.

Attachment:

Exhibition Name: Turner Yinghua - Chen Xiangbo’s Works Exhibition

Exhibition date: November 13 - December 5, 2021

Artist: Chen Xiangbo

Curator: Zhu Xiaojun

Venue: hall 1, Xiamen Baolong Art Center

Opening hours: 11:00-19:00 from Monday to Thursday, 11:00-20:00 from Friday to Sunday

It is understood that Hefei will choose 5 ~ 6 communities in each county (city) to pilot promote the “three kilometer” employment circle, strengthen the docking of employment services through the purchase of services, gradually establish the “three kilometer” employment circle working system, promote the nearby employment of people with employment difficulties, and implement relevant subsidy policies according to regulations. The city organized 2721 college students six months before graduation, college graduates who have not been employed within two years after leaving school and other unemployed young people aged 16-24 to participate in employment internships in enterprises for 3-12 months, and implemented relevant subsidy policies according to regulations. The city has organized no less than 1070 job fairs, served no less than 18100 enterprises, and reached no less than 21150 intentions, so as to promote the employment of college graduates, migrant workers, skilled talents and other job seekers, alleviate the “recruitment difficulties” and other problems of key enterprises, help the development of “double recruitment and double introduction” and ten emerging industries, serve the action plan of “improving quality, expanding quantity and efficiency”, and build a docking platform for workers’ job hunting and employers’ recruitment, Promote the accurate connection between supply and demand, and implement relevant subsidy policies as required. The city organized technical colleges and universities to recruit at least 19500 junior and senior high school graduates and other school-age youth for systematic training of new technicians, train them into qualified middle and senior technicians, realize skilled employment and high-quality employment, and implement relevant subsidy policies according to regulations.

Hefei stipulates that the specific standards of stable employment service subsidies, flexible employment service subsidies and employment assistance service subsidies for people with employment difficulties shall be implemented in accordance with the guidance catalogue for purchasing grass-roots public employment services in Hefei; During the internship period, the internship base will give the basic living allowance to the trainees according to the standard of no less than 2000 yuan per person per month (among which the government will give the internship base allowance according to the standard of 1400 yuan per person per month). The government shall purchase personal accident insurance for trainees according to the standards of 100 yuan and 200 yuan per capita, and give subsidies to the guidance fees of the internship base. For those who sign labor contracts with trainees for more than 12 months and pay social insurance after the internship expires, the internship base shall be given a one-time employment subsidy. Each trainee base can appropriately raise the basic living allowance standard for trainees in combination with the local economic development level. In addition, Hefei provides free public employment services such as job docking undertaken by grass-roots public employment service institutions with subsidies for employment and entrepreneurship services according to workload, professionalism and effectiveness. For campus job fairs undertaken by colleges and universities, subsidies will be given to campus job fairs according to the number of signatories to the tripartite agreement. In order to improve employment skills, Hefei will subsidize training institutions according to the standard of 1000 yuan / person for new full-time students in that year.

From 22:00 on April 24 to 10:00 on April 25, 2022, one confirmed case of COVID-19 and two asymptomatic infections were found in our city. The specific information is reported as follows:

Case 122: close contact of case 96 and case 103, occupation: student, school address: about 170 meters west of the intersection of Huaxia Avenue and Poyang Lake Road in the airport port area.

April 10-20, classes and activities at school.

From April 21 to 23, centralized isolation medical observation was conducted.

On April 24, it was transferred to the designated hospital in a closed loop.

Case 123 and case 124: the same space activity personnel of case 96 and case 97, occupation: student, school address: about 210 meters west of the intersection of Huaxia Avenue and Poyang Lake Road in the airport port area.

April 10-20, classes and activities at school.

From April 21 to 23, centralized isolation medical observation was conducted.

On April 24, it was transferred to the designated hospital in a closed loop.

At present, flow regulation, detection, disinfection and sterilization and other work are being carried out in an orderly manner. Nucleic acid detection is carried out for the identified close contacts and close contacts, and nucleic acid sampling and comprehensive disinfection and sterilization are carried out for the external environment. In order to effectively protect the health of the general public and remind citizens who have the same activity track with the above personnel in the same time period and relevant places, please report to the local community or epidemic prevention and control department immediately, and cooperate with relevant measures such as personal nucleic acid detection, isolation and control. In case of fever, cough and other symptoms, please go to the nearby fever clinic immediately. During the treatment process, wear masks, do not take public transport, and take the initiative to inform the medical staff of the relevant contact.

Once again remind the general public that at present, the epidemic situation in the whole country and the whole province is severe and complex, and input risks always exist. We must not relax the prevention and control work. We should consciously abide by the provisions of epidemic prevention and control, do not believe or spread rumors, strengthen personal protection awareness, cooperate with code scanning, temperature measurement, wearing masks, one meter thread and other epidemic prevention and control measures when going to restaurants, supermarkets, wine stores and other public places, and complete the vaccination of Xinguan vaccine as soon as possible, Build immune barrier together.

Zhengzhou epidemic prevention and control health hotline: 0371-12320

COVID-19 prevention and control headquarters office of Zhengzhou City

April 25, 2022

1、 Development

The “strategic medium range firepower” project develops a land-based medium range firepower unit, which is composed of launchers, missiles and company level combat centers. It aims to fill the gap in the range of 805 km (500 miles) to 2770 km (2000 miles) between “precision strike missiles” and “long-range hypersonic weapons”. The US Army plans to develop four “strategic medium range firepower” missile companies, each equipped with 8 “Tomahawk” missiles and 8 “standard” - 6 missiles. As a part of the US Army’s multi domain task force, “strategic medium range firepower” will play an important role in attacking opponents’ in-depth high-value targets.

Figure “Tomahawk” cruise missile launched from land-based mk41 general vertical launch system

2、 Development course

The “mobile medium range missile” project was launched in July 2020. In November 2020, the U.S. Army Office of rapid capability and key technology (rccto) announced that Loma was awarded a $340 million R & D contract to develop a “medium range capability” prototype for the army.

The “mobile medium range missile” project group has four sub projects: “medium range capability” launcher payload deployment system, mobile medium range missile, “medium range capability” missile and “medium range capability” ground equipment. In fiscal year 2021, the US Army provided $88 million for the project group, $286 million in fiscal year 2022, and applied for a budget of $404 million in fiscal year 2023. Once approved, the total amount of the four-year “strategic medium range firepower” prototype will exceed $2.5 billion. In addition, in order to test the system, the US Army allocated US $139 million for the purchase of Tomahawk missiles in fiscal year 2022.

Figure budget of “strategic medium range firepower” project over the years (named “mobile medium range missile” in fiscal year 2020-2022)

In the fall of 2021, Gary, the project manager of the Army Office of rapid capability and critical technology, at the American Army Association · Harinan said that this is an integration work, and three reviews were carried out in 2021: the design review of the transmitter was carried out in May 2021; In June 2021, a design review was conducted for the company level operation center; In September 2021, the system level critical design was reviewed. Lockheed Martin began producing launchers and company level battle centers in the fall of 2021, including the mark 70 vertical hair system and its control electronics.

The army is integrating the “payload deployment system” into the “medium range capability” launch platform. The system, developed by the strategic capability office, is a container type quadruple launcher. The system was loaded on the “Ranger” unmanned boat in September 2021 and successfully completed the “standard” - 6 missile test. During the test, the “Ranger” unmanned boat erected a container while driving and tested a “standard” - 6 missile from the missile launcher.

Disclaimer: the above content is uploaded and published by netizens in Sina military contention column. It only represents the opinions of netizens, and does not mean that our website agrees with their opinions and is responsible for their authenticity.

This semester, the school opened the “class class happy reading” course, which is in full swing. The school also carries out various reading activities around reading, such as “happy reading and trace”, “happy reading and thinking”, “happy reading and evaluation”, “happy reading and fruit”.

The sixth grade Chinese group closely followed the characteristics of the new textbook, carried out a series of activities of “hard journey” and carefully organized the “five ones” comprehensive practical activities: reading a red revolution novel, watching a red revolution film and television, making a collection of red classic poems, drawing a red journey tabloid, and having a wonderful book sharing class. By carrying out rich and colorful reading activities, teachers and students read together, students read together, and parents and children read together, so that children’s enthusiasm for reading is ignited in a strong reading atmosphere and permeates students’ hearts with the fragrance of books.

Salt Lake Co., Ltd. is mainly engaged in the potash and lithium industries. It is the largest potash fertilizer production enterprise in China, and its potash fertilizer supply accounts for more than 70% in China. In the first quarter, the production and sales of potassium chloride, the company’s main business, were stable, with an output of about 1.14 million tons and a sales volume of about 1.45 million tons; The output of lithium carbonate is about 7000 tons and the sales volume is about 6700 tons. In order to ensure the supply of potash fertilizer in China, it continues to play the role of ballast and stabilizer. Lanke lithium, a subsidiary of Salt Lake, added 20000 tons of lithium carbonate capacity in 2021 and continued to climb production. It will reach a full capacity of 30000 tons of lithium carbonate in 2022.

Since the beginning of this year, in order to speed up the construction progress of world-class Salt Lake industrial base and promote high-quality development, the enterprise has deployed six major projects: well mining project in the east mining area, channel mining project in the potassium rich area in the middle mining area, quantity assurance project in the West Mining area, sodium salt pool salt dissolving project, salt dissolving project in shinie lake, pre system power optimal allocation project and optimal allocation of water resources in Golmud River Basin, so as to increase the amount of brine and provide raw brine guarantee for the increase of potassium fertilizer production. And carried out basic research such as series crystallization process, high-efficiency brine thickener and the application of flotation column in reverse flotation process, increased technical transformation and improved the recovery rate of potassium fertilizer production system.

For the next development, the relevant person in charge of salt lake group said that the lithium industry is the key development direction of the company. At present, the company has formed a “1 + 2 + 3” salt lake lithium extraction project plan, in which the production capacity of Lanke lithium industry in phase I and phase II is climbing. The company will continue to increase its main business development in lithium battery new energy materials, take high-quality battery raw material lithium carbonate as supplementary business, lithium chloride, lithium hydroxide and metal lithium as derivative business, and continuously improve its R & D and design ability and core competitiveness.

This week, Jiuan medical, the “king of demon king”, released a performance forecast. The figures are amazing: the net profit in the first quarter of this year is expected to reach 14 billion yuan to 16 billion yuan; The net profit attributable to shareholders of listed companies increased by 36707% - 41966% year-on-year. In other words, the company’s profit increased 400 times year-on-year! As soon as the news came out, Jiuan medical rose the limit for three consecutive trading days. At present, the latest market value is 39 billion yuan.

Liu Yi, founder of Jiu’An medical, is an Anhui native who graduated from Tianjin University. In 1995, Liu Yi and several graduate students founded Jiuan medical, relying on an electronic sphygmomanometer to gain a firm foothold and deeply cultivate household medical and health electronic products, such as the forehead thermometer produced for Xiaomi. The reason for the sharp rise in performance is very simple - the ihealth coronavirus antigen test kit products of Jiuan medical beauty company sold out in the United States, winning more than 10 billion orders at one stroke. Relying on a new coronavirus antigen home self-test kit priced at $6.99 per person, the share price of Jiuan medical has soared since November last year and has risen 15 times so far.

Under the epidemic, the nucleic acid testing industry is booming - from testing equipment and reagent manufacturers to testing service providers and third-party testing institutions that have undertaken full demand, the performance has increased unprecedentedly. No, another nucleic acid testing IPO is coming - ADICON once again submitted a statement to the Hong Kong stock exchange. Originally, a company on the verge of bankruptcy, it quickly transformed after the epidemic to provide nucleic acid testing services. In the past two years, it has made a profit of 2 billion by nucleic acid testing alone. Will this be a long-term business?

Xinguan kit sold well in the United States, earning an average of more than 150 million a day, and its share price increased 15 times

How magical is Jiu’An medical treatment?

According to the announcement this week, the net profit of Jiu’An medical in the first quarter is expected to be 14 billion yuan to 16 billion yuan, a year-on-year increase of 367 times to 419 times. After calculation, the company earns more than 150million yuan a day, which is a proper money printing machine.

Over the past year, Jiuan medical swept the capital market. All this started in November last year - at that time, Jiuan medical announced that ihealth labs Inc, an American subsidiary. The product is self testing OTC kit of New Coronavirus antigen (iHealth America). FDA (US Food and Drug Administration) emergency use authorization (EUA) is obtained. This means that Jiuan medical has also become the second Chinese IVD enterprise with this qualification after Aikang biology. Since then, ihealth America has come into people’s view.

Relying on a home self-test kit for coronavirus antigen, ihealth, a subsidiary of Jiuan medical, is on fire in the United States. Founded in November 2010, ihealth USA is mainly responsible for the R & D and sales of ihealth series products in the United States. The announcement shows that the kit sold by health in the United States is mainly used for rapid and qualitative detection of viruses in human anterior nasal swab samples in vitro. It can be collected and operated by individuals, and the results can be obtained in 15 minutes.

According to the official website, the sales price of Jiuan medical antigen detection reagent is US $6.99 per person (about 44.3 yuan per person). According to ihealth’s official website in Hong Kong, the price of Jiuan medical rapid coronavirus antigen test kit (2 pieces / box) is HK $140 (equivalent to about 113 yuan), and the price of a single copy is 56.5 yuan.

It is this type of kit that has become popular in the United States. Last year, Jiu’An medical said on the investor interaction platform that the company’s new coronavirus antigen home self-test OTC kit products have begun large-scale production, and the products are popular in the United States. The company’s monthly production capacity is 100 million people. It is planned to increase the production capacity to 200 million people per month by the beginning of 2022.

Ten billion orders surfaced. On January 14 this year, Jiu’An medical announced that the US subsidiary signed a purchase contract with ACC to sell ihealth kit products to it. The total contract price tax is US $1.275 billion (including freight), about RMB 8.102 billion. On January 26, the two sides signed the change contract on the purchase contract. On the basis of the purchase of 250 million ihealth kit products in the original contract, 104 million ihealth kit products were purchased, and the total contract amount increased from US $1.275 billion to US $1.775 billion (about RMB 11.3 billion).

As of April 1, American ACC has paid a total of US $1.1 billion, or about RMB 7.047 billion, to ihealth USA. all the above payments have been received.

These news directly ignited the stock price of Jiu’An medical. From the closing price of 6.39 yuan on November 10, 2021 to April 15, 2022, the company’s share price hit an all-time high of 99.12 yuan, an increase of more than 15 times in more than five months. Wind data shows that in the past 30 days, Jiuan medical dragon and tiger list has been on the list nine times, and the “king of demon king” is worthy of its name. During this period, Jiuan medical was frequently questioned about “hyping the stock price”, and the company also received the attention letter issued by the Shenzhen stock exchange for many times.

55 year old fellow Anhui, graduated from Tianjin University and made a fortune by electronic sphygmomanometer

To trace back the birth of Jiu’An medical treatment, we should start with an Anhui person - Liu Yi.

Liu Yi was born in Anhui in 1967 and is 55 years old. In 1985, he participated in the college entrance examination and entered Tianjin University to study analytical instruments. During his time in college, Liu Yi was a monitor, chairman of the student union of the Department, and won a TV set. In the junior year, Jingyi Department organized a class for the third grade students, who can minor in management with double degrees, so that the students can have the quality of engineering and management. This experience laid the foundation for Liu Yi’s entrepreneurship in the future.

It was founded in 1995. Here’s an episode: at that time, Liu Yi learned about the “electronic sphygmomanometer” at a student gathering, and then found several graduate students. After half a year’s efforts, the first qualified Jiuan electronic sphygmomanometer was born and sold more than 1000 in the first month of listing.

In 2002, Jiuan company began to explore overseas markets. In 2005, Jiuan company opened up the German market with its differentiated product “audio electronic sphygmomanometer”

It is reported that the selected demonstration cases show the innovative achievements of various schools in the construction and application of information software and hardware, the construction and application of digital resources and the construction and application of intelligent tool platform in recent years, and highlight the integrated application of information technology in specific education and teaching scenes such as smart classroom, air classroom, homework guidance, after-school service, teacher training and comprehensive evaluation, It reflects the important role of information technology in supporting intelligent, digital, accurate and personalized teaching and learning, and highlights the important effects of informatization in creatively solving problems in educational reform and development, promoting educational equity, helping educational governance and improving educational quality.

China news, Jingwei, March 7 (Wu Xiaowei) - adhere to the “real estate does not stir fry”, explore a new development model… The government work report sets the tone, and the real estate market is resounding. Do you have any specific suggestions?

Support the commercial housing market to better meet reasonable housing needs

The government work report submitted for deliberation on the 5th proposed to adhere to the positioning that houses are used for living rather than speculation, explore new development models, adhere to the simultaneous development of rental and purchase, accelerate the development of long-term rental housing market, promote the construction of indemnificatory housing, support the commercial housing market to better meet the reasonable housing needs of buyers, stabilize land prices, house prices and expectations, Implement policies to promote the virtuous circle and healthy development of the real estate industry.

Following the 2018 national two sessions, this year’s national two sessions again emphasized the simultaneous development of rent and purchase. Zhao ran, President of iccra housing rental industry research institute, believes that this makes it clear that China’s real estate market is a three-dimensional structure supported by market-oriented commercial housing, affordable housing and long-term rental housing.

Yan Yuejin, research director of the think tank center of E-House Research Institute, said that at present, there will be an all-round guarantee for reasonable housing demand, which is an important feature in the development of the real estate market this year.

“The annual increase of rent shall not exceed 5%”

For rental groups, Yao Jinbo, deputy to the National People’s Congress and CEO of 58 cities, suggested to speed up the implementation of the “same right to rent and purchase” and effectively protect the relevant rights and interests of low-income groups. The housing rent of new citizens in big cities accounts for 30% - 50% of their income. It is suggested that the annual increase of housing rent should not exceed 5%; Second, steadily promote the same right of rent and purchase. Ensure that buyers and renters enjoy the same rights; The third is to establish a rental court and strengthen judicial protection. Set up a professional and efficient rental court, learn from the experience of “litigation and mediation docking”, and design a diversified dispute resolution mechanism to deal with rental disputes.

Yao Jinbo believes that the greatest significance of the same right to rent and purchase does not lie in its impact on the market, but in solving the rigid living needs of young people, guiding a healthy view of home ownership, making renting a decent and positive way of life, and making the same right to rent and purchase policy truly enter the daily life of the people.

In terms of supply, Wang Menghui, Minister of housing and urban rural development, previously said at the press conference of the State Council Information Office that after statistics, he hoped to build and raise 2.4 million affordable rental houses throughout the year; 100000 new public rental houses and 1.2 million shantytowns were raised; It will also accelerate the construction of long-term rental housing market.

“Reduce down payment ratio”

Mo Tianquan, a member of the National Committee of the Chinese people’s Political Consultative Conference, mentioned that, in contrast, reducing the proportion of down payment has a more direct impact on the demand side, including both the direct adjustment of the proportion of down payment for first / second homes and the indirect adjustment of the identification standards of second homes in some cities. Therefore, Mo Tianquan suggested that credit support for rigid demand and improved demand should be further strengthened to promote demand recovery and stabilize market expectations.

Specifically, Mo Tianquan said that in combination with the population policy, we can study and adjust the housing credit policy of two child and three child families, set a differentiated down payment ratio for different families, and adjust it appropriately according to the number of children born; In combination with the talent policy, in addition to giving housing subsidies, local governments can make adjustments in the talent housing credit policy, such as giving special loan support to high-level talents, reducing the down payment ratio of talent house purchase, etc.

In fact, since the beginning of 2022, the policies of “stabilizing the property market” have appeared frequently. In the first two months of 2022, at least 40 places have issued different degrees of property market easing policies, including provident fund policy adjustment, credit easing, attracting talents, subsidizing house purchase, reducing and exempting subsidy deed tax and other policies.

According to the monitoring of China Index Research Institute, as of late February, more than 40 cities have issued real estate related regulation and control policies. It is expected that all localities will continue to strengthen urban implementation after the two sessions.

For example, recently, Nanning, Guangxi, Zhongshan, Guangdong, Jinzhong, Shanxi, Yichang, Hubei, Zigong, Sichuan and other places have successively issued new policies for provident fund, which clearly relaxed the application and issuance policies for provident fund, including reducing the down payment ratio of second homes and increasing the loan amount.

On March 4, the central bank and the China Banking and Insurance Regulatory Commission also mentioned the reasonable determination of the standards for the first housing mortgage loan of new citizens who meet the purchase conditions, so as to meet the guidance of new citizens’ housing needs.

Li Xiaolin, deputy to the National People’s Congress and chairman of the board of directors of Beijing Linda Investment Group Co., Ltd., mentioned that since the guiding policies to maintain the healthy development of the real estate market, the market effect has shown relatively positive changes. In the next step, we should also pay attention to sorting out the local administrative control measures, especially pay attention to the new problems found and actively adjust and modify them. Li Xiaolin said that some local governments still have room for further improvement in the registration of real estate property rights. For example, some people have reported that there are too many, too strict and too frequent purchase, sale and loan restrictions in various places, which need to be solved urgently.

Zhou Shihong, member of the National Committee of the Chinese people’s Political Consultative Conference and vice chairman of the Anhui Provincial Committee of the Revolutionary Committee of the Chinese Kuomintang, also proposed that if there is no pre-sale system and existing house sales, the real estate enterprise crisis will not involve buyers, there will be no problems such as “guaranteed delivery”, let alone social stability and systemic financial risks. It is suggested to completely abolish the pre-sale system of commercial housing and fully implement the sales of existing commercial housing throughout the country.

For the agricultural transfer population, Cai Jiming, deputy to the National People’s Congress and professor of Tsinghua University, suggested that we should make efforts from the urban housing supply side of the agricultural transfer population, increase the urban housing supply of the agricultural transfer population, classify and solve their urban housing problems step by step according to different characteristics of the agricultural transfer population, and realize “living and livable”.

Mo Tianquan believes that with the increase of policies to stabilize the property market, there may be a large-scale recovery in the real estate market in the second half of this year.

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In 2021, companies such as education and training groups, game supervision and travel catering under the influence of the epidemic had a difficult survival, and the advertising industry was struggling. On March 1, 2022, Baidu, regarded by some investors as an advertising company, released its annual report for 2021, and its overall revenue increased by 16.3%.

Through this financial report, we can see that Baidu is turning around: it is getting farther and farther away from the advertising companies in the public’s mouth, and its scientific and technological attributes are becoming stronger and stronger. In addition, Baidu’s heavy investment in R & D is no longer a large asset light Internet factory that relies on scale to build a moat.

Baidu’s second growth curve has become more and more concrete, from heavy bets on AI, to the next car building, and then to the AI sign language anchor at the Winter Olympics.

Starting from the financial report, this paper will explore Baidu’s hard technology process, answer why baidu should overweight technology, and whether the current Baidu is underestimated.

How effective is the elephant turning around?

Throughout 2021, baidu achieved revenue of 124.5 billion yuan, a year-on-year increase of 16.27%.

As a result of the formation in the capital market, in the US stock market, baidu rose 6.84% after the release of the annual report, and the Hong Kong stock market opened high and closed up nearly 7%.

Investors voted for Baidu because of two signals in the financial report.

First, the change of revenue structure represents Baidu’s business shift and takes a further step forward.

In 2021, Baidu’s core revenue was 95.2 billion yuan, a year-on-year increase of 21%. Driven by advertising revenue of RMB 21.2 billion and non advertising revenue of RMB 74.1 billion, mainly driven by the year-on-year growth of advertising revenue of RMB 12.1 billion.

Let’s start with advertising. In 2021, the mass destruction of education and training, the comprehensive supervision of games, the contraction of travel, catering and other industries affected by the epidemic, and the significant impact on the advertising industry. Baidu can keep the basic market from shrinking, which is a very optimistic data.

Looking at the future, interconnection is good for Baidu. Goods and short videos can be aggregated through Baidu search.

Horizontally, baidu is cooperating with other apps, such as meituan, xiaohongshu, Zhihu and other more than ten enterprises to launch a wall breaking campaign to carry out connectivity cooperation at the three levels of traffic, technology and service ecology; Vertically, Baidu has reached interconnection with a number of mobile phone manufacturers, and Baidu smart applets will be able to run across platforms in their own browsers.

Look at Baidu Intelligent Cloud again. This is a business that sprint.

In 2021, the revenue of intelligent cloud was 15.1 billion yuan, with a year-on-year increase of 64%, which is an important engine driving revenue growth. The commercialization process in manufacturing, energy, transportation and other fields accelerated, and the revenue more than doubled in 2021.

According to IDC’s Research Report on 2021H1 China AI cloud service market, Baidu intelligent cloud has been the first time in five consecutive times in the AI public cloud service market.

The third business includes intelligent driving and other businesses. Intelligent driving is Apollo, and other businesses include small speakers, chips, etc.

Intelligent driving is a business of great concern to Baidu. In 2021, great progress has also been made in commercialization.

According to the annual report, the orders for unmanned vehicles supplied by turnip express in the fourth quarter of 2021 were 213000, nearly doubling month on month. In contrast, Google’s waymo Quarterly Orders range from 20000 to 40000 orders.

The second signal is to strengthen research and development.

In 2021, the R & D cost of Baidu’s core business was 22.143 billion yuan, a year-on-year increase of 31.4%, accounting for 23% of its core revenue. This proportion has been rising for many years.

AI layout itself requires huge capital investment in the early stage. For example, Amazon cloud and Alibaba cloud have endured losses for decades in exchange for the hope of profit.

The input and output of artificial intelligence is not linear, nor is it a gain without hard work. Before a critical point, it is hard work and no gain. After this critical point, there will be exponential growth. This accelerated cycle principle is also called Kurzweil’s law.

The best time to plant a tree was ten years ago. As early as 2010, baidu began to invest in the field of AI and continued to invest heavily.

Robin Li once said in a forum: “in the past ten years, Baidu’s annual R & D investment accounts for more than 15% of revenue, and AI technology research and development is one of the seeds planted by Baidu.”

The proportion of R & D investment continues to reach a new high, which also comes from Baidu’s determination to AI.

Overall, from the change of revenue structure in Baidu’s financial report, it can be seen that the advertising business belongs to a stable basic plate, and the Intelligent Cloud and automatic driving with increased R & D investment are the future.

For such a future business, growth is more important than profitability. The acceleration of the process of superimposed commercialization and the rapid growth of revenue is the underlying logic of the sharp rise of Baidu’s share price.

Baidu’s model has changed from making easy money to making long-term money. So why should Baidu bet on AI technology? Why did you choose the direction of intelligent transportation?

Why bet on AI?

China has been on the fast track of economy for 40 years. Now, we have reached a key time node.

Standing at this turning point, looking back, the driving force of China’s economic development is demographic dividend and land dividend. In the final analysis, it is factor driven and model driven. We have undertaken a large number of medium and low-end manufacturing industries with cheap labor and land resources, and driven economic growth with investment and export.

This is also the epitome of the initial stage of many countries. From the experience of other countries in the past, driving economic development with natural resources or population endowment is easy to fall into the “middle-income trap”.

The concept of “middle-income trap” comes from the report “East Asian Renaissance: a view on economic growth” issued by the world bank in 2007.

The report found that many countries, such as Mexico, Brazil and Argentina, and the Philippines in Southeast Asia, developed basic manufacturing with the comparative advantage of cheap labor, and finally realized the leap from low-income countries to middle-income countries.

After that, however, they cannot further expand their economies of scale or achieve technological innovation, nor can they compete with the products and services of high-income economies. Therefore, most countries are

The reporter of “science and Innovation Board daily” called San’an photoelectric securities office for confirmation, but the relevant person of the company did not respond directly: “the specific information disclosed by the company shall prevail.” On March 4, in response to investors’ questions on the interactive platform, San’an optoelectronics said that the company’s Mini LED chips had been supplied to customers in batches.

However, some people in the industry told the “science and Innovation Board daily” that “San’an photoelectric Mini LED has previously supplied apple in small quantities. However, Apple has a long period of qualification approval for suppliers and needs to pass the examination before it can officially become its qualified supplier. With San’an’s products and technical capabilities, it is sooner or later to officially enter Apple’s supply chain.”

It is reported that San’an optoelectronics is one of the earliest enterprises in China to enter and continue to layout Mini / micro led. Launch Mini LED chip products and realize mass production in 2018, and establish long-term business cooperation with Samsung Electronics; After 2019, the company began to realize the batch supply of mini led, became the primary supplier of Samsung and signed the supply agreement.

At the same time, San’an optoelectronics has successively carried out Mini led import cooperation with many well-known downstream customers, and the product application fields include TV, computer, etc. The company has also said that it will give full play to the advantages of global Mini LED chip suppliers with scale advantages and accelerate the cooperation and promotion between Mini led and top international terminal application giants.

“The company attaches great importance to the mini led business. The fixed increase project launched in 2021 is mainly aimed at this part of the business. At present, the second round of inquiry and feedback has been made.”

According to the non-public offering plan disclosed by San’an optoelectronics at the end of September 2021, the company plans to invest 12 billion yuan to build the “mini / micro display industrialization project of Hubei San’an optoelectronics Co., Ltd.” (hereinafter referred to as “Hubei project”), and plans to use the raised funds of 6.9 billion yuan. After the completion of the project, the company will add 1.61 million gallium nitride Mini / micro LED chips per year, 750000 gallium arsenide Mini / micro LED chips per year (all with 4-inch equivalent chips) and 84000 packaging products for 4K display screen per year.

In addition to the Hubei project to be invested and constructed, San’an optoelectronics has focused on the mini / micro LED chip business in the “Semiconductor R & D and industrialization phase I project of Quanzhou San’an Semiconductor Technology Co., Ltd.” (hereinafter referred to as “Quanzhou phase I project”). The project plans to build 1.616 million gallium nitride Mini backlight / micro LED chips per year, 176000 gallium arsenide Mini / micro LED chips per year and 8483.00kk Mini LED chip level packaging per year.

The reporter of the science and Innovation Board daily noted that by the end of September 2021, the phase I project of San’an optoelectronics Quanzhou had actually produced 1175800 gallium nitride / gallium arsenide chips, and the Hubei project had actually produced 104900 gallium nitride chips. The operating rates of the two projects were 88.07% and 95.02% respectively.

As of December 31, 2021, the on hand orders of San’an optoelectronics Mini / micro LED chips (excluding the delivered and recognized revenue from January to September 2021) are about 290 million yuan (US dollars are converted at the exchange rate of 6.5). According to the intentional orders obtained so far, the order amount of the company in 2022 is about 220 million yuan / month.

San’an optoelectronics said that at present, the LED industry is in the stage of structural adjustment. As the core of the new generation of display technology, mini / micro LED is the future development direction. At present, it has entered the stage of commercialization and accelerated landing.

Among them, mini LED can effectively control the cost while significantly improving the display effect. For example, Apple launched the iPad pro with mini LED backlight in April 2021, which is Apple’s first product equipped with mini led. MacBook Pro with mini LED backlight technology launched in October 2021; Huawei released its first mini led smart screen product “Huawei smart screen V75 super” in July 2021, with 46080 supermini LEDs; Philips, TCL, Lenovo, Xiaomi, Konka, Hisense, LG and other manufacturers have launched Mini LED backlight series TVs, computers and other products.

Model manufacturer’s suggested retail price (yuan) innovation BMW I4 M50 539900 innovation BMW I4 edrive40 449900

As BMW’s first pure electric four door coupe, innovative BMW I4 edrive40 and innovative BMW I4 M50 models integrate the rich experience of BMW Sports luxury coupe in development and manufacturing. Equipped with the fifth generation Edrive electric drive technology, they have strong electric acceleration performance and pure electric range, cooperate with personalized appearance and interior design and rich luxury standard configuration, Create a dynamic and luxurious driving experience and space enjoyment, set a new benchmark for the fun of electric driving, and bring customers a luxurious and comfortable driving experience full of electric passion. In addition, innovative BMW I4 has been listed in the catalogue of new energy vehicle models exempted from vehicle purchase tax by the Ministry of industry and information technology of China, and can enjoy full purchase tax exemption and local support policies for new energy vehicles nationwide.

Electric travel is an important part of sustainable development. BMW Group is continuously promoting the transformation of electric travel and continuously enriching the array of electric products in various market segments. By December 2021, BMW Group has delivered the world’s 1 million new energy vehicles. Meanwhile, BMW delivered a total of 48000 new energy vehicles in China in 2021, a year-on-year increase of 69.6%. Now, with the arrival of innovative BMW I4, BMW I family has a rich product lineup including innovative BMW IX and new BMW ix3, which not only explains BMW’s deep understanding of modern luxury demand, but also confirms that BMW group promotes the development of electrification, deeply cultivates the Chinese market, practices the Chinese strategy and adheres to the brand concept of “customer-centered”.

Innovative BMW I4 edrive40, as the basic model of I4 family, integrates modern and elegant sports design style, combines the spacious space and functionality of four door coupe, realizes zero emission innovation, and opens a new experience of electric driving while providing users with future luxury travel experience. The new car is equipped with BMW M sports suit, star screen air inlet grille, BMW intelligent connected cockpit, intelligent sensing atmosphere lamp, automatic parking aid system plus, BMW electric vehicle sound wave simulation and rear axle air suspension.

It is worth mentioning that the smart connected cockpit of the new car adopts the cutting-edge digital luxury technology of BMW brand, bringing a new human-computer interaction experience for the future. The new BMW iDrive, BMW operating system 8.0, integrated suspended curved screen, redesigned user interface, and powerful interconnection and data processing capabilities make the interaction between drivers and vehicles enter an increasingly intelligent digital future. Among them, the integrated suspended curved screen integrates a 14.9-inch touch screen and a 12.3-inch digital instrument panel, and tilts about 6 degrees towards the driver, which not only highlights the driver oriented design, but also makes the whole cockpit very sci-fi.

The innovative BMW I4 edrive40 not only provides users with an excellent digital travel experience, but also takes into account the sports characteristics of BMW as always. The new car is equipped with the fifth generation Edrive electric drive technology, advanced chassis technology, intelligent lightweight design and excellent aerodynamic characteristics, which enables the innovative BMW I4 to achieve excellent endurance and dynamic handling. The maximum output power of the motor is 250 kW, the acceleration from zero to 100 km is 5.7 seconds, the minimum energy consumption of 100 km is 14.7 kW · h, and the endurance mileage can reach 625 km under the CLTC standard.

As a powerful high-performance driving machine in BMW I4 family, BMW I4 M50 is the first high-performance electric coupe of BMW M, and perfectly integrates BMW M’s uncompromising pursuit of performance with BMW I brand’s pursuit of innovative spirit for the first time. When equipped with the Edrive system, it can accelerate up to 799.5 kilowatts per second, and the maximum power output of the 5th generation BMW can be up to 400 kilowatts per second. Under the CLTC standard, the maximum range of the vehicle can reach 560km. Combined with advanced chassis technology, intelligent lightweight design and excellent aerodynamic characteristics, it creates extraordinary sports performance.

2022 marks the 50th anniversary of the establishment of BMW M brand. As the first high-performance electric vehicle of BMW M, the launch of BMW I4 M50 is of great milestone significance, which explains the pioneering and innovative spirit that BMW M has been adhering to. The innovative BMW I4 M50 is also equipped with many innovative technologies. The new car is equipped with an all electric four-wheel drive system, which intelligently distributes the driving force, so that each wheel has outstanding dynamic response, and efficiently transmits the driving force to the wheels. It always drives forward with surging power, bringing zero emission driving fun to the driver. At the same time, through the exclusive adjustment and test of BMW M, innovative technologies such as customized m adaptive suspension, specially adjusted spring and shock absorber, variable sports steering system, additional body reinforcement parts and M braking system combine M’s unique chassis technology with electric drive technology to bring the ultimate track like driving experience.

The innovative BMW I4 M50 is also equipped with many exterior and interior configurations marked with high performance as standard, which further improves the sports characteristics and product charm of the vehicle. M aerodynamic components, blue m high-performance brake calipers, exclusive exterior rear-view mirror design of M family, m rear spoiler, exclusive cerium gray appearance decoration of M performance model, exclusive 19 inch wheel hub of M performance model and M three-color steering wheel suture, etc., and frosted porti mans blue exclusive paint can be selected to highlight the distinctive high-performance identity of M50 model.

In addition, the M50 model is also equipped with