All your concerns are here. Watch the 2019 Shanghai Auto Show first (I)

  [Pacific Auto Network] There are still two weeks before the opening of the 2019 Shanghai Auto Show. The lineup of this Shanghai Auto Show is very strong. Whether you are European and American powder, Japanese and Korean powder or your own brand powder, there may be something you want to pay attention to here. Before it’s too late, we’ll warm up a wave before the auto show, and see the Dream Car in the hearts of all the spectators.

  BMW Brilliance’s new generation 3 Series (standard axis code G20/ long axis G28) has already appeared in China before, and will be launched at this year’s Shanghai Auto Show. In addition, the new car will be officially put into production at BMW Brilliance Tiexi Factory in May this year, and it is expected to be listed in the same month.

New generation 3 series standard axis

New generation 3 series long axis

  The net area of the new generation 3 series has increased, and the middle connection has become integrated. In addition, the design of "opening the corner of the eye" has been used, and the front face has a strong sense of integrity. Compared with the cash, the internal light source of its headlights has been greatly changed, and the spoon-shaped daytime running light is the latest product of BMW.

  Although the wheelbase has been lengthened, the outline lines of the overseas version of the 3 Series (G20) are still completely retained on the side of the car body, and the L-shaped logo at the position of the rear window of the current 3 Series long-axis version no longer exists on the new car. The exhaust and L-shaped ventilation holes at the rear of the car highlight the sporty temperament of the whole car.

  According to the application information, the length, width and height of the new generation BMW 3 Series long-axis version are 4829/1827/1463mm, and the wheelbase is 11cm longer than that of the standard-axis version, reaching 2961mm (the size of the whole vehicle has exceeded that of the standard-axis 5 Series E60), and the curb weight is 1630kg.

  In terms of configuration, the new car provides different styles of front/rear bumper, middle net, rear spoiler, outer rearview mirror shell, reversing image, front camera and body logo according to different models, and there are also six styles of wheels to choose from.

  According to the 325i application information obtained before, the new car is equipped with a 2.0T low-power version engine, code B48, with a maximum power of 135kW(184PS). This power is the same as the current 320i, but it has become 325i after replacement. In addition, the new generation 3 Series is expected to provide a 2.0T high-power engine and a 1.5T engine.

  Brand-new-will be launched at this year’s Shanghai Auto Show. Judging from the configuration list obtained before, the design and configuration of the new car are full of science and technology. It is reported that the new car will be put into production at the FAW-Volkswagen Changchun plant and will be officially listed in the second quarter of 2019.

  The new generation Audi Q3 adopts the latest design language. Large polygon meshFit both sidesAngular and layeredAir inlet designMake the new car look very sporty.

  The side waistline of the new domestic Audi Q3 is consistent with the overseas version, and the design is fashionable and dynamic. With the silver decorative strips and black side skirts, it shows the temperament of urban sports. In terms of appearance configuration, the new Audi Q3 will provide two different styles of appearance kits, ordinary and S-Line, with 10 different colors of car paint to choose from, and four different styles of wheels with two different sizes (18 inches and 19 inches respectively) can be installed.

  According to the previous application information, the length, width and height of the new car are 4481(4495)/1848/1616(1584)mm and the wheelbase is 2680mm according to different kits. The domestic Q3 has not been lengthened, which is consistent with the overseas version.

  In the interior part, according to the previous spy photos, the new domestic Audi Q3 is basically the same as the overseas version of Audi Q3, adopting Audi’s latest family-style virtual cockpit design, and the effect is avant-garde. The new car comes standard with full LCD instrument and LCD central control panel, and it is divided into two combinations according to different configurations: 10.25-inch instrument +8.8-inch central control panel and 12.3-inch instrument +10.1-inch central control panel.

  The central control panel is built with Audi’s latest generation MMI interconnection system, which can support Apple CarPlay and Android Auto interconnection. The rear seat has a bright spot. In addition to being reclined, it also has a 7-level adjustable backrest function, which improves comfort. In terms of technology configuration, the new car is equipped with ACC active cruise and the unique rear traffic warning system.

  In terms of power, the new Audi Q3 will provide 2.0 and 1.4T, in which the 2.0T engine is divided into high/low versions, which are 162kW(220PS) and 137 kW (186 PS) respectively; The maximum power of 1.4T engine is 110kW(150PS). In terms of transmission, the new car is fully matched with 7 speeds, and the high-profile model is equipped with Audi’s latest multi-chip four-wheel drive system.

  Audi Q2L e-tron is based on Q2L fuel version. As a pure electric drive model, it adopts the design of closed middle net to highlight its identity as a new energy source.

  In terms of appearance, the new car adopts a family-style design style. Because it is a pure electric vehicle, the front grille is closed, which is one of the ways to distinguish the pure electric version from the fuel version. The headlights of the new car are designed with great atmosphere, and the interior LED strip is very eye-catching. There is no fog light on the front enclosure, and a closed design is also adopted.

  The length, width and height of the new car are 4237/1785/1548mm, which is 2628mm, only 1mm longer than the fuel version, which should be because the front and rear enclosures are different from the fuel version. The design of the rear is basically the same as Q2L fuel version, and the rear logo is changed to 30 e-tron. In addition, the new car will be equipped with 17-inch wheels with a size of 215/55 R17. According to the relevant application information, the new car will provide three different styles of wheels to choose from in the future.

  In terms of power, the new car will be equipped with a lithium battery pack from Contemporary Amperex Technology Co., Limited and a 100kW(136PS) motor.

  Mercedes-Benz EQC, the first model of Mercedes-Benz EQ brand, will be launched at the Shanghai Auto Show in China, and will be rolled off the production line and officially listed at the end of 2019. The estimated price range is 500,000-600,000, and the NEDC battery life will reach 450km.

  As a medium-sized pure electric SUV, the new car adopts a closed air intake grille, and chrome trim is used inside the grille. Headlights adopt a more atmospheric design, which extends from both sides to the middle net in a penetrating way, highlighting the overall sense of the front. The length, width and height of the new car are 4774/1923/1622mm and the length is 2873mm respectively. According to the relevant application information, the new car will provide eight different styles of wheels to choose from in the future.

Overseas version of EQC official map

  In terms of interior, the new car adopts the latest family-style design language, and the dual 10.25-inch full LCD screen looks full of technology. In addition, the new car will also be equipped with the latest version of MBUX car system.

  It is reported that the new car provides five driving modes and five energy recovery adjustments, which can be operated by the driver through the buttons on the steering wheel. In terms of power, the new car will be equipped with two 150kW(204PS) motors, which are 700 N m.

  Dongfeng Nissan’s new generation Sylphy adopts Nissan Vmotion 2.0 design language, and its overall style is like a scaled-down version of the new Scorpio, while the power part is still equipped with a 1.6L naturally aspirated engine. In addition, it is expected that the car will be officially listed this year.

The new Sylphy offers three different appearance configurations.

  In terms of appearance, the new Sylphy adopts the flat design language of Nissan Vmotion 2.0, and its shape is more sporty and personalized. In the front face, the iconic large V-shaped chrome-plated decoration is combined with the honeycomb air intake grille, and the new headlight group design on both sides is more fashionable, while the fog lamp area below also adopts angular shape, changing the image of elegance and moderation.

  On the side, the new car has many sharp waistlines criss-crossing, and blocks are formed by lines, creating a full sense of muscle. The wheels below are also brand-new 17-inch five-spoke wheels, and two 16-inch wheels are provided according to different configurations, and the tires are matched with 215/50R17 and 205/60R16.

  In the tail part, the tail design of the new car is relatively simple, and the taillight shape is adjusted compared with the current model, which has a strong sense of design. In terms of body size, the length, width and height of the new car are 4641/1815/1450mm and the wheelbase is 2712mm, which is improved compared with the current models.

  In terms of configuration, the new Sylphy provides skylights, different styles of headlight groups, front fog lights and wheels for optional installation. In terms of power, the new car is still equipped with a 1.6L naturally aspirated engine, with a maximum power of 102kW(139PS) and a top speed of 190km/h, and supports the national six emission standards. And the transmission part matches the CVT gearbox.

  Porsche has officially announced the manufacturer’s suggested retail price of Porsche Cayenne Coupe, its first coupe SUV model, of which the suggested retail price of Cayenne Coupe is998,000 yuan, Cayenne Turbo Coupe suggested retail price is1.908 million yuanThe new car will be officially unveiled in China at this year’s Shanghai Auto Show.

  In terms of appearance, the front face design of the Porsche Cayenne Coupe basically maintains the design of the current Porsche Cayenne, and the lines are sharper. The biggest change of the new car is concentrated on the side and rear of the car. The roof line of the new car extends downward from the rear, and the smooth arc outlines the slip-back body shape, which together with the window frame line constitutes a slender C-pillar shape.

  The height of the front windshield and A-pillar of the new car is lower than that of the Cayenne because it is lowered by about 20 mm at the edge of the roof. The redesigned rear door and tail wing widen the shoulder of the new car by 18 mm, making the whole car more muscular. In the rear part, the Porsche Cayenne Coupe still uses penetrating taillights, and the rear license plate frame is integrated in the bumper, which reduces the visual height as a whole. Combined with the diffuser under the rear bumper and the two sides, it is full of movement.

  The interior design of the Porsche Cayenne Coupe is basically the same as that of the current Porsche Cayenne. Both of them are equipped with Porsche Active Aerodynamics System (PAA), which includes a roof spoiler and a new adaptive rear spoiler. The spoiler is seamlessly integrated with the profile of the side of the car body, and spreads 135 mm when the vehicle speed reaches 90 km/h, thus increasing the contact pressure of the rear axle and improving the efficiency of PAA. The roof design adopts the sports car style of Porsche 911 GT3 RS, and provides two design concepts: the standard panoramic glass roof and the optional carbon fiber roof.

  This new car release will have two high-performance engine versions: the new Coupé is equipped with a 3.0-liter six-cylinder turbocharged engine with an output power of 250 kW(340 PS) and a peak torque of 450 N m. Thanks to the standard Sport Chrono components, the new car accelerates from standstill to 100km/h in only 6 seconds; The acceleration of 100 kilometers can be shortened to 5.9 seconds with the optional lightweight motion components. The maximum speed of the vehicle is 243 km/h. The flagship model Cayenne Turbo Coupé is equipped with a 4.0-liter V8 twin-turbo engine, with an output of 404 kW(550 PS) and a peak torque of 770 N m. It takes only 3.9 seconds to accelerate from standstill to 100km/h, with a top speed of 286 km/h.

  BMW X7 was built on BMW’s brand-new CLAR platform and adopted the latest family-style design language. It was first launched at the Los Angeles Auto Show in November 2018, and at this year’s Shanghai Auto Show. Previously, a BMW dealer in Guangzhou announced that the pre-sale price of the new BMW X7 was 1.039 million yuan.

  In terms of appearance, the new car has the largest kidney grille in BMW history, which is highly recognizable. The waistline of the new car, which starts obliquely from the front fender and extends to the taillights, is similar to that of most BMW cars. The M Sport enclosure assembled by the real vehicle is similar to the M Sport enclosure of other BMW models. The lines are capable and powerful, and the air intake area is huge. The fog lamp area is decorated with L-shaped chrome trim.

  In terms of body size, the length, width and height are 5151/2000/1805mm respectively, reaching 3105 mm. The interior uses the latest family-style design language, and its shape and layout are basically the same as the new X5, with a 6-seat /7-seat layout (depending on whether independent seats are selected in the second row).

  The new car adds a lot of electronics and technology, and is equipped with a 12.3-inch full LCD dual screen. The central control screen has built-in i-Dive 7.0 system, which has many advanced functions such as multi-gesture control, intelligent interconnection and natural speech recognition. The new car adopts a new "crystal" electronic gear handle with exquisite and high-grade attributes, and the setting of a large skylight adds icing on the cake to its luxurious atmosphere.

  In terms of power, BMW X7 offers four models in advance: xDrive 50i, xDrive 40i, xDrive M50d and xDrive 30d. The new car comes standard with a four-wheel drive system, and the transmission system matches 8 speeds. Among them, the xDrive 50i model will be equipped with dynamic operation kit and off-road kit, and will be equipped with adaptive air suspension as standard. Its 0-96km/h acceleration takes only 5.2s. The new car will also provide four driving modes, including rocks, gravel, sand and ice, to cope with various harsh road conditions.

  The popularity of the new generation has made people sweat. Fortunately, Mercedes-Benz has not kept consumers waiting for too long. The new generation GLE (code name V167) of Mercedes-Benz has arrived at the store and officially appeared at the Shanghai Auto Show. It is expected that the new car will be listed in the second quarter of this year. Compared with the current models, the new car has an all-round upgrade in appearance, size, power and chassis.

  The overall design of the new generation GLE is more rounded, and the size of the air intake grille is larger than that of the current model. For the first time, it provides two appearances: off-road kit and sports kit. The iconic three-pronged star LOGO with a more three-dimensional double horizontal banner design makes the new car look more powerful. The headlight group adopts a combination of double L-shaped matching groups, and the exaggerated front bumper is decorated with fish scales, and chrome-plated decorative strips are added on it.

  The side of the new car is similar to the front face, and both "faded" the tough guy temperament of the previous generation models and became more refined and luxurious. The unique C-pillar design is the iconic shape of the car in the Mercedes family. At the same time, a five-spoke rim with 20-inch blackening treatment and a taillight group similar to willow leaf are used.

  The interior of the new car also ushered in innovation, in which the dual digital display will adopt semi-independent design, including a 12.3-inch full LCD instrument panel and a 12.3-inch central control LCD screen, while using the MBUX(Mercedes User Experience) system.

  The air outlet of the central air conditioner will be changed to a square design, and a central handle will be designed below. The COMDAN controller will replace the existing round knob with a larger touch panel.In addition, brand newMultifunction steering wheelIt will have 18 control elements, equipped with a Dual Thumb Controls system and an independently adjustable seat in the rear row. On the whole, the new generation of Mercedes-Mercedes GLE’s style has changed its old-fashioned image.

  Due to the increase in wheelbase, rear seat passengers can now enjoy more spacious legroom. Another good news is that the new generation of GLE can also be equipped with a hidden one. In this way, the gap between it and its big brother GLS is getting smaller and smaller.The new generation GLE has also upgraded the second row of seats as a whole, with a folding ratio of 4:2:4, in which the left and right seats can be adjusted by six electric devices, and the front and rear adjustment distance can reach 100mm, and the backrest and headrest can be adjusted, so that the rear passengers have a better riding experience.

  The new Mercedes-Benz GLE is based on the new MHA modular architecture, which is derived from the MRA modular architecture and will become the foundation of all the next-generation longitudinal rear drives of Mercedes-Benz except the G-class. In terms of power, like CLS450, the new GLE450 is equipped with a 3.0T L6 engine and a +48V micro-hybrid power system to replace the existing V6 engine. According to the new CLS, the M256 engine can reach 270kW(367PS) with a peak value of 500N·m, and its transmission matches the 9AT gearbox.

  In addition, Mercedes-Benz will also launch an environmentally-friendly GLE PHEV plug-in hybrid model, which is expected to be equipped with a high-power version of 2.0T and a motor with a maximum output of 90kW, and the maximum battery life of pure electricity is 50km. Of course, the more violent output is the AMG GLE63 model. The 5.5L V8 is no longer self-priming, and it is replaced by a 4.0T V8 engine without any suspense. The new generation of GLE’s four-wheel drive system can realize complete torque distribution on demand. It is worth mentioning that the new generation of GLE will also provide an E-ACTIVE 48V active suspension system, which can control the air and damper of each wheel independently, thus further reducing the road bumps and roll. In addition, the car will be the first to be equipped with a new generation of Mercedes-Benz driver assistance system.

  The replacement model of Changan CS75 — — CS75 PLUS will be launched at this year’s Shanghai Auto Show, which is exactly the Changan S311 (internal code) that we reported before. Compared with the current CS75, the new car has all-round innovation and upgrade, and the appearance is completely new. The power system is equipped with 2.0T+8AT powertrain.

  Changan CS75 PLUS, which uses a brand-new design language, has two styles: the ordinary version with a biased temperament and luxury, and the S version with a sporty and fashionable route. The front face of the new car is equipped with a huge inverted ladder-shaped grille, which is connected with the headlights with very sharp eyes on both sides. The strip-shaped LED light strips inside the lamp group extend towards the middle and connect with each other, forming a transverse daytime running light strip, which is very avant-garde and has strong visual appeal.

  The middle net of the ordinary version CS75 is composed of chrome-plated decorative strips arranged horizontally, while the middle net of the S version is composed of black decorative blocks arranged in an array. Decorative openings (air guides) on both sides of the front enclosure, the S version is obviously larger and more concave, and is decorated with red decorative strips symbolizing movement. In fact, the front surround of the normal version has a very fashionable and dynamic taste.

  The profile of the side of the car body is tough, and the lines of the door and fender are rich. Starting from the front fender, the waistline slightly raised and finally closed at the taillights is very sharp, bringing a full sense of strength to the side. The folding line under the door makes the new car have a good light and shadow effect under the light.

  The irregular taillights of the new car are very special, and the interior LED strip outlines its shape. The exhaust from both sides is consistent with the positioning of the roof rear spoiler and the young sports of the whole vehicle.

  The power system is the biggest highlight of CS75 PLUS. The car will share the Blue Whale 2.0TGDI engine with CS85 COUPE, with a maximum power of 171kW(233PS) and a peak torque of 360N·m, matching the Aisin 8-speed automatic manual transmission.

  Domestic production will be launched in 2019. At present, the price of imported XC40 is 32.18-41.18 million. After domestic production, the entry price will be reduced to less than 300,000, and it is expected to be officially listed in May. According to the previous declaration information of the car, there is almost no difference between the new car as a whole and the imported version.

  Both Volvo XC40 and Volvo XC40 are based on CMA platform. In terms of appearance, the domestic XC40 will have a variety of design styles, such as different air intake grille shapes, different front and rear enclosures and rims. And the new car will still provide a two-color painting style, and the roof and body will achieve better visual effects by contrasting colors.

  In addition, the new car provides a variety of optional configurations, such as two-color body, black roof rack, rear bumper trim, front bumper trim, tail logo and black exterior rearview mirror, which is full of personalization. In terms of body size, the length, width and height of the new car are still 4425/1863/1652mm, which is 2702mm, which is completely consistent with the current imported models.

  In terms of configuration, the new car provides front and rear cameras, panoramic reversing image system and rim sizes ranging from 18 inches to 21 inches, with four specifications, while the sizes are 235/55 R18, 235/50 R19, 245/45 R20 and 245/40 R21 respectively.

  In terms of power, the new car will use three kinds of power, 1.5T133kW(181PS), 2.0T low engine with a maximum power of 155kW(211PS) and 2.0T high-power engine with a maximum power of 205kW(279PS).

  The high-performance version of the Lectra 03 was unveiled at the Shanghai Auto Show. As a production version of the Lectra 03 Cyan concept car, the new car is believed to be very radical in the adjustment of the chassis and power system.

  The Lectra 03 Cyan concept car was jointly built by Lectra and Cyan Racing. The car is based on the Volvo S60 racing car and is dressed in "Arctic Blue" similar to the current Volvo high-performance models. The outline of the new car is the same as that of the Lexus 03 currently on sale, but the details are completely different. The Lexus 03 Cyan concept car is a very competitive and fighting look.

  The most obvious difference between the front part and the normal version is that the front fender has been treated with a wide body, which greatly enhances the momentum and strength of the front face and is also compatible with the wheels with more "explosive" data. The front enclosure has been redesigned, the trapezoidal air intake grille in the middle is huge, and the huge intercooler inside is enough to show the powerful performance of the car. The raised hood and blackened headlights also correspond to the positioning of the Lexus 03 Cyan concept car as a high-performance car.

  The side of the car body is very stylish, and the opening of the front fender, the large-sized tree-shaped wheels and the extremely low posture of the car body create a very aggressive feeling. Multi-piston front brake calipers with large-size scribing discs are very full, and the rear brakes are slightly "thin".

  The radical degree of the rear of the car is not inferior to that of the front. The most eye-catching thing is the large tail and the exhaust of both sides. This set of exhaust layout is quite similar to Lexus RCF/ previous generation ISF, and it looks very competitive when it is matched with the exaggerated diffuser at the lower part. Viewed from the oblique rear, the wheel hub of the car is almost flush with the wheel eyebrows and the large negative inclination angle of the wheel (especially the front wheel) makes its visual impact far exceed that of the ordinary version of the Lexus 03.

  In the official map, we can see that the Lectra 03 Cyan concept car is equipped with a roll cage, but its production version will not have such competitive equipment in the future, and its appearance will be much more conservative.

  In terms of power, the Lectra 03 Cyan concept car is equipped with a 2.0T turbocharged engine, which has a red line of 8000rpm, a maximum power of 394kW(536PS) and a peak torque of 504N·m, matched with a 6-speed sequential gearbox and a front drive. In the future, the production version of the car will adopt or will adopt a 2.0TD T5 high-power engine from Volvo, with a maximum power of 187kW(254PS).

  Lexus officially released a preview of its brand-new model earlier, and announced that the model will be launched in the world at the Shanghai Auto Show. According to the preview, we still can’t see what kind of car this car is, but Lexus registered the trademarks of "LEXUS LM350" and "LEXUS LM300h" in China earlier, so the new car will be an MPV model named LM.

  From the preview, the new car adopts Lexus’ latest family-style facial makeup, and the spindle-shaped air intake grille is designed with a mesh structure. The headlights are composed of three matrix beads, and the hooked LED daytime running light below is very eye-catching.

  The product layout of Lexus is very perfect, ranging from compact cars to large /SUV. On the analysis of conventional models, there are only no small cars and MPVs, and Lexus calls this model a brand-new model. So is it possible that it is a Lexus version of Toyota Erffa or a brand-new small car? Let’s wait for the announcement of the Shanghai Auto Show.

  Earlier, the spy photos of GAC Chuanqi’s new generation GA6 have been exposed. The new car will apply Chuanqi’s latest family-oriented internal and external design, and will abandon the classic Alfa Romeo platform of the current GA6 model. (Spy photo: Sina Weibo @ 京京京京京京京京京)

  Looking at the front of the car, although the new car is wearing layers of camouflage, it can still be seen that it shares many shapes with GM6: the hexagonal air intake grille is stable and atmospheric; The headlight group whose shape and detail design are very similar to GM6 is full of exquisiteness; The taillight group may also adopt a through design similar to GM6.

Ten-spoke sports wheels+Michelin tires on the test car

  Entering the car, the interior of the new car has also undergone tremendous changes, just like the GS5 model that was launched shortly: the large-size instrument panel+central control screen, the gear area design similar to the GS5, the high armrest in the center, and the first-class leather seats are impressive.

  In terms of power, the next-generation GA6 will adopt the 4A15M1 and 4A15J1 with the same model as the GS5, and match the Aisin 6AT gearbox and 6MT gearbox. Among them, 4A15M1 engine was mounted on an earlier Chuanqi vehicle, which was 112kW(152PS) with a peak value of 235N·m;; The updated 4A15J1 1.5T engine can reach a maximum of 124kW(169PS) with a peak torque of 265n m.

  SAIC Motor brand announced earlier that the brand-new and new-generation Chuangkuo Tracker will be launched in the world at the 2019 Shanghai Auto Show. As a member of GM’s next-generation global vehicle series, the new generation Chuangkuo will be equipped with the latest drive technology and intelligent interconnection technology, with a stylish and personalized appearance and practical and rich configuration.

Official preview map

  Previously, we have obtained a set of declaration drawings of Chevrolet brand-new Tracker. In appearance, the Chevrolet family-style design is adopted, and the large-size polygonal front grille brings strong visual effects to the front face. The headlights on both sides are connected with the front grille above, and the inverted L-shaped air intakes on both sides create a strong youthful and dynamic atmosphere.

  On the side, the powerful multi-waistline design shows a certain sense of muscle, while the tail design is simple, which is in sharp contrast with the front face design style. In terms of body size, the length, width and height of the new car are 4270/1791/1602(1627)mm and 2570mm respectively.

  In the future, the new car will also launch models with different appearance styles. Judging from the options such as blackened head/taillights, front grille, rearview mirror and rims, the new Chevrolet Tracker will launch the Redline Shang Red version. In terms of power, the new car will be equipped with a 1.0T three-cylinder which is 84kW(115PS) and is expected to match 6 speeds.

  BYD brand new — — It will be launched at this year’s Shanghai Auto Show, and the new car will adopt the latest Dragon Face 2.0 family design language and belong to the series. As early as 2015, the information of this brand-new plug-in model of BYD was exposed. It is reported that the acceleration time of the strongest version of the new car is expected to reach 2.9s, and the linear acceleration ability can be comparable to P100D.

  BYD Han is positioned as a medium-sized sedan with a length, width and height of 4,950/1,890/1,490 mm, which is 2940mm, and it is expected to become BYD’s new sedan. In terms of configuration, according to the information previously exposed, the car is expected to be equipped with ACC adaptive cruise, head-up display, lane keeping assist, electric, and induction-openable trunk.

  In terms of power, the new car will be equipped with BYD’s latest plug-in hybrid system, which consists of a 2.0T engine and a 110kW(150PS) motor. The four-wheel drive version will also be equipped with a 350kW(476PS) motor on the rear axle, and the acceleration time per 100 kilometers may reach 2.9s.

  According to foreign media reports, Volkswagen will release a pure electric car currently code-named I.D. Lounge at the 2019 Shanghai International Auto Show, which opened in April. The new car will be positioned as a luxury seven-seat SUV, and its appearance and size will refer to the design of the current Volkswagen Touareg.

I.D. Buzz

  It is reported that the new car will be built on the Volkswagen MEB platform like I.D. Buzz, and the wheelbase will reach 3,300 mm. It is planned to achieve mass production in 2021, when it will compete with Tesla. In addition, the new car will be equipped with a four-wheel drive system, or adopt the same power system as I.D. Buzz, consisting of dual-drive motors arranged at the front and rear axles respectively, with an output power of 270kW(367PS), a battery pack capacity of 111kWh, and an endurance capacity of more than 600km.

  Dongfeng yueda Kia brand-new K3 has the same appearance as the overseas version, but the front face has been localized after being made in China. The new car will be equipped with a 1.5L/1.4T engine and provide plug-in hybrid models, which will be launched in June this year.

Fuel version model

PHEV model

  As can be seen from the declaration, the shape of the front face of the new car has been greatly adjusted. The fuel version adopts a sharp lattice grille, which is very aggressive, while the PHEV model adopts a straight waterfall grille, and the headlights adopt a polygonal sharp shape, and the internal structure of the lamp cavity is more complicated. In addition, the new car also adopts a smoother front enclosure shape, and the front and rear enclosures of PHEV models are decorated with blue strips to show their identity.

  As for the tail, the overseas version of the penetrating taillights has been retained, which makes the tail shape more fashionable and compact, but the shape of the internal cavity of the taillights is different from that of the overseas version. At the same time, the rear enclosure of the domestic version has also been optimized, including through chrome trim and bottom diffuser, which make the rear look more sporty. In terms of body size, the length, width and height of the new car are 4660*1780*1450mm and the wheelbase is 2700mm respectively.

Fuel version model

PHEV model

  In terms of interior, the new car will retain the center console design of the overseas version K3, including a brand-new suspended central control panel, air conditioning outlet and central control panel. In addition, the domestic K3 has been optimized in some configurations, for example, the electronic handbrake is adopted to replace the mechanical handbrake of overseas models, and the new car will also be equipped with a rear air outlet. On the whole, the interior of PHEV model is the same as that of the fuel version, and only blue elements are added to the air-conditioning outlet, baffle and seat for embellishment.

  As for power, the new car will provide three power systems: 1.4T, 1.5L and plug-in hybrid, of which 1.4T and 1.5L engines are 95.6kW(130PS) and 84.5 kW (115 PS) respectively; The PHEV model will be equipped with a 1.6L engine with a maximum power of 77.2kW(105PS) and form a plug-in system with the motor.

  According to the official of SAIC MG, the new (2019) MG 6 will be listed at the 2019 Shanghai Auto Show. Compared with the cash, the new car has added the exclusive black knight of Trophy, and the sense of movement of the whole car has been improved to a certain extent, while the emissions meet the national six standards.

  The new MG 6 continues the styling design of the current model, and the lattice mesh similar to the inverted trapezoid is connected with the slender and sharp headlights on both sides. The front line is simple and has a sense of integrity. The side of the car is designed with a sliding back, and the smooth roof line and the sharp waistline are full of movement. The new car has added Trophy’s exclusive black knight sports kit, the color of the middle net frame, the exterior rearview mirror and the side window frame has been changed to black, the headlight group has been blackened, and the five-spoke wheel hub has also been sprayed with black. In addition, it also provides exhaust with valves, which significantly improves the aggressiveness and sportiness of the vehicle appearance.

  The appearance of the interior of the new car is consistent with the current model, offering a very sporty red and black color scheme. In terms of configuration, the new car will provide stereo, 360 reversing image, XDS curve dynamic control system and ESC body electronic stability system according to different models.

  In terms of power, the new MG 6 is equipped with a 1.5T engine, with a maximum power of 124kW(169PS) and a peak torque of 250N·m, matching with 6-speed manual or 7-speed.

  BAIC New Energy’s brand-new — — Beiqi New Energy EX3 will be officially launched at the 2019 Shanghai Auto Show, and the new car has absorbed the design elements of the EX3 concept car in appearance. In terms of details, the front of the new car has elegant headlights, and the split headlights correspond to the U-shaped mouth on the front face.

  Viewed from the side of the car body, its overall lines are stretched, and one of the waistlines runs from the front wheel eyebrows to the rear taillights, which makes the car look more compact. In terms of the tail, the new car adopts the popular penetrating taillight group, which makes the rear look more compact and dynamic, and the recognition is quite high after lighting. In terms of new car size, its length, width and height are 4200*1780*1638mm and its wheelbase is 2585mm respectively.

  In terms of interior, the new car adopts dark color as the main color, and similar wood grain and chrome-plated elements are added to the details of the door trim and the center console for embellishment, which has a high overall texture. At the same time, the car is equipped with a dual-spoke multi-function steering wheel, a suspended central control LCD screen and a knob shift mechanism, which enhances a lot of scientific sense for the interior.

  In terms of power, the new car is equipped with a driving motor with a maximum power of 160kW(218PS), and uses ternary lithium batteries produced by Beijing Puulaid New Energy Battery Technology Co., Ltd. or Contemporary Amperex Technology Co., Limited New Energy Technology Co., Ltd. as the energy source.

  New Energy will launch a brand-new pure electric vehicle this year. The internal code of the new vehicle is A12, or it will be named AION X. It is reported that the new vehicle will form a direct competition relationship with. The new car will be built based on the second generation GEP(GAC Electric Platform) pure electric platform, which is centered on electric drive and battery, so as to maximize the seating space and cabin space.

Guangzhou automobile new energy Aion S

  Mr. Gu Huinan, general manager of GAC New Energy, said in an interview: "Aion" will be made into a series. In addition to the pure electric car Aion S, SUVs and models with solar panels will be provided later. Among them, GAC New Energy allocated 428 million R&D funds for A12 project, with a total investment of about 702 million yuan.

  BMW’s brand-new X3 M/X4 M was launched in the world at this year’s Shanghai Auto Show. Among ABB’s top three, BMW, which loves to emphasize sports characteristics, will let the "dessert-class" market of medium-sized SUV be the only one?

  What is the most important appearance change of the new BMW model? Of course, it is a bigger air intake grille. On X3 M/X4 M models, the blackened "double kidneys" grille looks very pleasing to the eye, which contributes a lot to shaping the power of the front face. Since the discovery of X5 M/X6 M combination boxing, the smart BMW has quickly delegated this trick to a lower X3 M/X4 M car series, attracting a wider range of potential customers.

  Carbon fiber, enriched in the appearance details of the two cars: carbon fiber front lip, carbon fiber air intake, carbon fiber rearview mirror, carbon fiber exhaust decoration & HELIP; … Although it can’t actually reduce much weight, it is still quite visually sensational. Both new cars are available.Seven kindsPaint colors are available, including Toronto metal.redDonington metal ash.

  If you blindfold and throw it into one of these two cars, I believe you won’t know which one it is. After all, the wrapping of the front sports barrel chair, the steering wheel of the thong with shift paddle/mode selection, the chicken leg gear handle and the iDrive system are almost the same.

  The two new cars come standard with three-zone air conditioning, and can be equipped with heating steering wheel, snowboard bag, Ambient Air fragrance system, carbon fiber decoration, HUD, mobile phone wireless charger, gesture control, online digital entertainment and other functions.

  Although the 3.0T S58 engine is smaller than the rival V8T engine, with the addition of a bunch of high technologies, it can achieve excellent results in terms of speed response, running smoothness and even fuel consumption performance. At the same time, the lighter front weight brought by S58 engine can prevent X3 M/X4 M from going to the crooked road of "straight line king, dead corner".

  Through the Drivelogic button on the gear lever, the driver can adjust the three-level shift mode. From level 1 to level 3, the number of revolutions of the upshift will be delayed, and the shift speed will be increased step by step. The throttle response near the gear handle, the soft and hard knob and the steering wheel assist knob are also within reach, which perfectly fits the driver’s thinking.

  The pre-sale price will be announced at this year’s meeting. The appearance of X is based on F7. Except for the rear design, the appearance similarity is very high, which is the same as that of X4. Of course, at the Shanghai Auto Show in April 2017, HB-03 coupe was released, which can also be regarded as the predecessor of F7x.

  The interior of F7x is still designed based on F7, and there is no obvious change in shape, but the overall style has been adjusted younger, including the matching of burgundy leather and black interior, and the imitation carbon fiber plaque in the passenger seat, all of which are aimed at reflecting the uniqueness of F7x. In addition, F7x has also applied the plastic-lined material and suture design in terms of technology and materials. Although I don’t know its price, there is no obvious difference compared with F7, which is very good.

  Haval F7x 2.0T has 165kW/5200-5500rpm, 385 N m/2000-3200 rpm, and its power level is comparable to that of joint venture brands. It is equipped with and independently developed wet 7th gear. In addition, Haval F7x will be equipped with a new generation of 1.5T engine, with a maximum of 124kW/5600rpm and a maximum of 285n m/3000rpm.

  The production version of Zotye i-across concept car will be released at this year’s Shanghai Auto Show. The new car explains Zotye’s brand-new 3.0 era design concept of "Taoism, nature, wisdom and beauty".

  From the preview, the new car adopts an avant-garde, tough and balanced design style. In the front face design, the straight-line bright strip extends through the upper and lower LED headlights and merges into the turn signal lines. At the same time, it combines the tough, rhythmic and natural designs to create a new balance and transformation.

  The overall side of the new car is relatively simple, and the capable side line design is also in line with the current aesthetics. At the same time, the side window also has sharp lines that are obviously inclined to the back.

  The rear of the car is round and full, and the narrow and wide lines on the top are combined with the mainstream integrated taillight design, which has a very good impression and aesthetic feeling. Zotye calls this design the balance of heaven and earth. As for the interior configuration and power of the new car, it has yet to be officially announced.

  The new cheetah CS10 has been adjusted in the front part, and the technological sense of the interior has been obviously improved.

  In terms of appearance, the new front face adopts a straight waterfall grille, and the long and narrow headlights on both sides give people a strong visual impact. The rearview mirror has been redesigned. In order to meet the needs of young consumers, the rear of the car is designed with cheetah’s brand-new family-style through taillights. The blackened falcon-beak taillights maintain a simple design style and bring a bit of luxury.

  In terms of interior, the new car adopts beige color matching, supplemented by young and fashionable cloud and tiger stripes, creating a comfortable and simple atmosphere. The instrument LCD screen and the central control LCD screen are designed through, and the super-large screen has a strong sense of technology. The built-in car infotainment system provides users with emergency rescue, navigation service, voice control, real-time traffic inquiry and other related services. The new car also adds rear air outlets and panoramic skylights in the configuration part. Fully meet the actual car demand of most people. In view of the increasing demand of consumers for space, the storage space in the new car is further optimized, and the storage space under the armrest box, air outlet of air conditioner and auxiliary instrument platform is obviously improved compared with the old one.

  In terms of power, the new Cheetah CS10 provides 1.5T and 2.0T engines, of which the 1.5T engine has a maximum power of 110kW(150PS) and a peak torque of 210N·m, matching a 5-speed manual or CVT transmission; The 2.0T engine has a maximum power of 130kW(177PS) and a peak torque of 250N·m, matching the 6-speed powershift. Officials said that the brakes, chassis and steering of the new car have also been optimized.

  Previously, we obtained a set of declaration drawings of Dongfeng X5 from the Ministry of Industry and Information Technology. The new car adopts a brand-new design language and is equipped with a penetrating taillight set. In addition, we can see the words "popular T4" from the optional tail logo, and combined with the news that Dongfeng Fengxing will launch the popular T4 in 2019, the new car is just the declared model.

  In terms of appearance,The new car adopts the latest design language similar to the popular T5, and the front face uses an inverted trapezoidal large-size air intake grille. The headlight group has a sense of design and a complicated internal structure, with a recessed fog light area below. On the side of the car body, the new car is designed with upper and lower double waistlines and equipped with five-spoke wheels to enhance the sense of movement.

  In the rear part, the new car is particularly similar to the popular T5. It is designed with a penetrating taillight group and connected with the chrome trim below, and the popular brand English word "FORTHING" is embedded in it. In addition, the new car will adopt a hidden exhaust layout. The new car has a size of 4460/1820/1720mm and a wheelbase of 2720mm, and is expected to be positioned as an entry-level compact SUV.

  In the interior part, the new car also adopts many popular elements. For example, the three-spoke multi-function steering wheel, the suspended central control LCD screen and the through air conditioner outlet make the overall visual effect of the car more in line with the aesthetic needs of young consumers. At the same time, its overall color is dark, and chrome-plated elements are added to embellish the details. In addition, the multimedia control area and the air conditioning control area are sequentially arranged below the control screen, with distinct levels.

  The new car will provide a variety of grilles, fog lights, skylights, door handle styles, rearview mirror styles, side window decorations and tailgate decorations for consumers to choose from. In terms of body size, the length, width and height of the new car body are 4460/1820/1720mm and the wheelbase is 2720mm, which is expected to be positioned as an entry-level compact SUV. In terms of power, according to the declaration, the new car is equipped with a 1.6L naturally aspirated engine with a maximum power of 90kW(122PS). Whether there are other power configurations remains to be officially announced.

  It is learned from the official that the replacement model will be named G20 and will be unveiled at the opening ceremony in April. Recently, the official also announced its preview for the first time, showing that the interior adopts a brand-new design, which is more scientific and technological.

  A number of functions are integrated in the central armrest area of the car, which is suspected to be equipped with wireless charging function, which means that the design of the center console is more simple and optimized, and the physical buttons may be reduced.

Spy photo source: Weibo netizen @TYM Yu

  In terms of appearance, judging from the spy photos exposed before, the new car is dressed in a brand-new matrix, with the design of the "I"-shaped LED belt above, and the shape is fierce. The area of the front grille of the new car will be further increased and visually more domineering. At the rear of the car, the new car is dressed in a brand-new style, and it is also equipped with a complex dense-spoke two-color wheel hub, which has both design and texture.

  The power information has not been released for the time being. With reference to the cash, there are three engines to choose from: 2.4L gasoline engine, 2.0T gasoline engine and 1.9T diesel engine, in which the 2.4L gasoline engine is 105kW(143PS) with a peak torque of 210N·m, and the transmission system is matched with a 5MT transmission. The maximum power of 2.0T gasoline engine is 165kW(224PS) and the peak torque is 345N·m, and the transmission is matched with 6AT or 6MT transmission. The maximum power of 1.9T diesel engine is 110kW(150PS) and the peak torque is 350N·m, and the transmission system is matched with 6AT or 6MT transmission.

  Dongfeng fengshen’s brand-new compact car, code-named D53, was built on the new CMP platform, and it was the Dongfeng e&pi unveiled last year. The first production model of the concept car, adhering to the eπ The design concept of.

  The D53 is based on the new CMP platform, which is the first mass-produced model in dongfeng fengshen. In terms of appearance, the side of D53 is similar to that of eπ The concept car is similar, retaining the sharp headlight shape and front surrounding structure. In addition, the new car also follows the design of the concept car, which is full of sports.

  CMP platform is a new generation of C-class modular platform architecture for global launch demand after 2020, and its greatest advantage is its high flexibility and scalability. According to the official introduction, the CMP platform inherits the European high rigidity gene, which has stronger safety performance and the durability of the platform implements the PSA European standard. In addition, the official said that the new platform inherited the WTCC European champion chassis control gene, and the blessing of lower center of gravity and lower wind resistance will bring more powerful driving and control strength to D53.

  In terms of configuration, D53 will use dongfeng fengshen’s sustainable upgrade version of WindLink car system, and is expected to be equipped with L2-level intelligent driver assistance system. As for the motivation, the official has not disclosed the relevant news yet.

  Jianghuai Automobile officially released a group of brand-new pure electric vehicles — — S4 official map, and said that the car will be officially listed at the 2019 Shanghai Auto Show. The previously announced pre-sale price after subsidy is13.00-17.00Ten thousand yuan.

  JAC iEVS4 has been unveiled in 2018, which is based on the fuel version of JAC S4. The front face of the new car is a typical pure electric car, with a hexagonal closed grille and a charging interface behind the Jianghuai LOGO in the center of the grille. Below is a flat hexagonal air intake, with complex and sharp lines, the front of the car looks well-defined and sporty.

  The side lines of the car body are also tough and sharp, and the double waistline setting makes the car side more powerful. Raised lines are designed above the wheel eyebrows, which can create rich light and shadow effects when illuminated. At present, the popular suspended roof also appears on the car body, which fits its fashionable and dynamic vehicle positioning. At the rear of the car, a light strip and chrome trim strips running through the car logo are also arranged between the left and right taillights to form a transverse taillight design, which echoes up and down with the light strip at the lower part of the rear enclosure, with high recognition.

  The interior also follows the design of JAC S4. The overall color is black, and at the same time, a large number of chrome-plated elements are added to the air conditioning outlet, the handle area and the door panels on both sides for embellishment, which brings a good interior texture. The car also painted the electronic gear handle yellow, adding a youthful and jumping atmosphere to the interior. In terms of configuration, the new car will provide mainstream technology configurations such as full LCD instruments and large-size suspended central control LCD screens.

  In terms of power, JAC iEVS4 is equipped with a driving motor with a maximum power of 110kW(150PS) and a lithium battery pack of 61kWh, with a cruising range of 420 km under NEDC conditions. For more information about this car, we will continue to pay attention.

  Lu Feng Rong Yao will make his debut at the 2019 Shanghai Auto Show. It is reported that the design of the new car was led by the Italian GFG company established by internationally renowned fabrizio and Giorgio Giorgetto, and was completed in cooperation with Jiangling Holdings.

  In terms of appearance, the front face of the new car adopts a hexagonal large-size air intake grille, and the interior of the grille is decorated with banners and dotted elements, and there is not much silver decoration. The dark middle net is highly recognizable. The shape of the headlights is also quite special. The split headlights combined with the trapezoidal air intake under the bumper are more radical in design style. At the same time, according to the previous information, the wheelbase of the car reached 2760mm, between and.

  The side shape of the car body is simple and smooth, which continues the full style of the front face. The shoulder line of the new car extends from the front wheel eyebrow to the taillights, highlighting the sense of strength and creating a low dive posture. The tail shape is more rounded, and there are two exhaust layouts on both sides.

  There is no news about the power for the time being, but it is very likely to be equipped with the 1.5T engine code-named LW4G15A on Lufeng Xiaoyao, with a maximum power of 120kW/5400-5700rpm and 250Nm/1500-4000rpm, matching with a 6-speed manual or CVT continuously variable transmission.

  The new concept car of Hezhong New Energy is internally code-named EPX, which is positioned in the four-door electric coupe. The new car, with smooth body lines and sharp headlights, will be officially unveiled at this year’s Shanghai Auto Show.

  Judging from the design, the body shape of this concept car is very smooth. Among them, the front face adopts Hezhong new energy family design, and its headlight group is connected by a light strip, forming a fountain-like LOGO of Hezhong in the front of the car, which not only forms the visual feeling of penetrating headlights, but also highlights the logo of Hezhong, killing two birds with one stone.

  Viewed from the side, the depression at the wheel brow of the new car matches with the large-size rim shape, which looks dynamic and sharp. However, the exterior rearview mirror and door handle are not seen in the design drawing. I wonder if the hidden rearview mirror and door handle will be used in the real car. In addition, the slip-back shape also provides a lower possibility for vehicles to build.

  This year’s Shanghai Auto Show can be described as a constant highlight. There are many products worth seeing, both on traditional fuel vehicles and various new energy vehicles. I believe that readers have already looked forward to the Shanghai Auto Show after reading this article. Of course, this list is only a part of the highlights of the Shanghai Auto Show, and we will also launch the next part of the Shanghai Auto Show Preview next week, so please pay attention. (Text: Pacific Auto Network Li Shenghong)

The collection in the home is actually a "million treasures". Prosecutor of Binhu District, Wuxi City: Keep your eyes open and look for formal agency appraisal.

  In recent years, all kinds of treasure-hunting and treasure-hunting programs have heated up the antique market, and the cultural relics market is unprecedentedly hot. Collectors all hope that their home collections can fetch a good price. However, most Tibetan friends only see the flowers on the surface, but they don’t know how many tricks there are. On February 5, 2021, the People’s Procuratorate of Binhu District, Wuxi City, Jiangsu Province filed a public prosecution against seven suspects, including Huang, who committed fraud in the name of antique trading.

  The collection in the happy event of heaven is worth millions.

  Mr. Wang is an antique lover and has a collection of several ancient coins. Through online advertising, he found an auction company and wanted to sell ancient coins. The staff of the company asked Mr. Wang to add WeChat and send photos of ancient coins first. Not long after, the staff said that they had shown the photos to the company’s professional appraisers. The color was very good and should be able to sell a lot of money. Please ask Mr. Wang to take the ancient coins to the auction company for a detailed appraisal.

  Mr. Wang was overjoyed. After arriving at the auction company, two employees received him, and a middle-aged man was invited, calling him a master appraiser, which was very professional. The master carefully looked at the coin brought by Mr. Wang, and said that it should be an ancient coin in Guangxu period, and it is well preserved, and it is estimated that it can sell for 1.2 million. The staff also introduced: "Our company has three trading modes, one is auction, the procedure is slow, the other is pawn, but the transaction price will not be very high, and the third is’ private transaction’ mode, the price is high and the speed is fast. We suggest you use the third one." After some consideration, Mr. Wang accepted the salesman’s suggestion and chose the "private transaction" mode.

  The staff took out an Art Goods Trading Service Agreement, and Mr. Wang signed the agreement and paid a service fee of 5,000 yuan as required. The salesman said that he would find a buyer for him as soon as possible.

  The transaction cost of a wave of three-fold collections is high.

  Half a month later, the auction company called: "Hello, Mr. Wang, we have found an overseas buyer for you, and the transaction will be completed in one week. Before that, you need to file your collection with the Cultural Relics Bureau to prove that this collection is not a national first-class or second-class cultural relic and is allowed to go through customs." In the face of complicated procedures, Mr. Wang made a mistake. The other party said that the auction company could help Mr. Wang get the record, but Mr. Wang needed to pay the appraisal fee of 8700 yuan, and Mr. Wang agreed.

  Soon, the auction company called again and told Mr. Wang that the previous buyer had repented and didn’t want it. They found a new buyer and needed to make an auction record of his ancient coins, so that it was easier to overestimate the value and make a deal, and they had to pay a fee of 20 thousand yuan. Under the lobbying of the salesman, Mr. Wang paid 20 thousand yuan through WeChat transfer, and the other party sent a receipt with official seal.

  This time, the transaction of ancient coins still failed. Mr. Wang has some regrets and can only comfort himself that a million-dollar business will not be so easy to succeed. Subsequently, the auction company helped Mr. Wang find several "overseas buyers" one after another, but the ancient coins were not sold, and various handling fees and service fees were collected a lot. Whenever Mr. Wang asks about the sales progress of coins, the salesman always procrastinates with various excuses, but he can’t answer the detailed questions. When the contract expired and Mr. Wang went to the auction company to renew the contract, he found that the company had closed its doors and was cheated.

  Uncover the mystery, the transaction is false and cheating is true.

  In May 2017, Huang set up an auction company in Binhu District, Wuxi City, mainly engaged in the identification, evaluation and sales of handicrafts and art collections, but the business was flat. In November 2018, he hired Zou (handled separately) as the company’s vice president, responsible for the main business. Chao had been engaged in the cultural and artistic industry before, and he had many doorways. He introduced a "private transaction" model to Huang, that is, he took the opportunity to collect service fees for collectors under the guise of finding buyers. Huang thought it was feasible after listening, and the two hit it off.

  Chao recruited salesmen to find collectors in various ways, falsely claiming that he could sell his collectibles through auction, pawn, "private transaction" and other modes, and collected customers’ funds on the grounds that he needed various expenses during the sales period. Chao and others don’t know whether the collection is true or false, and the so-called "master appraisers" don’t have appraisal qualifications, but they often falsely report the high price, telling the victims that their collection is extremely valuable, and overseas buyers are willing to invest in it, and then "propose that the collection needs to pay customs clearance fees and service fees when it leaves the country", "If it wants to sell at a high price, it needs to make an auction transaction record and pay a handling fee" and other reasons to trick the victims into funds, and then "the collection is auctioned off" and ". After review, from November 2018 to September 2019, the salesman of the company used the above methods to defraud nearly 400,000 yuan in various expenses.

  [Prosecutor’s statement]

  Regular auction companies generally don’t charge any fees in the early stage. Antique lovers should keep their eyes open and look for qualified appraisal institutions and auction companies when they want to appraise or auction their collections. At the same time, we should also know more about relevant knowledge, and don’t take chances and try to get rich overnight. We think that an old object we find at random is a precious antique that can sell at a high price, but it falls into the trap carefully woven by swindlers.

The Central Meteorological Observatory issued a yellow warning for cold wave.

  CCTV News:The Central Meteorological Observatory issued a yellow warning of cold wave at 18: 00 on December 12. It is predicted that a strong cold wave will start from Xinjiang and affect China from west to east and from north to south from the night of December 12 to 16. There will be northerly winds of 4 ~ 6 in most areas, and the temperature will drop by 8 ~ 12℃, and the temperature will drop by more than 14℃ in parts of northwest China, central and western Inner Mongolia, western North China, Jiangnan, northern South China and Guizhou. There are 9 ~ 10 winds and 12 ~ 13 gusts in Shankou area of Xinjiang, and 6 ~ 8 winds and 9 ~ 10 gusts in the eastern and southern sea areas. On the morning of 17th, the lowest temperature line of 0℃ can be pressed south to southern Guizhou and northern Jiangnan, and the line of -10℃ is located from northern Huanghuai to Qinling. The lowest temperature in some areas of North China, northern Huanghuai and other places will approach or fall below the historical extreme value in the same period.

  Among them, from 20: 00 on December 12 to 20: 00 on December 14, there will be a temperature drop of 8 ~ 12 C in Xinjiang, western Inner Mongolia, Gansu and Ningxia, and the local temperature drop in northern Xinjiang and western Gansu can reach more than 14 C.

  Defense guide:

  1, the government and relevant departments in accordance with their duties to do a good job of cold wave prevention;

  2, pay attention to add clothes to keep warm, take good care of the old, weak and sick;

  3. Take cold-proof measures for livestock, poultry, tropical and subtropical fruits and related aquatic products and crops;

  4, do a good job of windproof.

The business model of foreign trade trust continued to innovate and optimize, expanding the new dimension of wealth management.

   As an innovative wealth management tool, insurance trust is gradually showing its huge market potential. China Foreign Economic and Trade Trust Co., Ltd. (hereinafter referred to as "Foreign Trade Trust") continues to innovate and optimize the insurance trust business, providing customers with one-stop wealth management services, making "guarding" more warm.

  Insurance Trust is a trust established with the relevant rights and corresponding interests of life insurance contract as trust property. It aims to transfer the insurance premium to the trust account according to the contract when the insurance payment conditions occur, and the trust company will manage, use and dispose of the trust property according to the contract.

  Compared with the traditional legal inheritance, will, gift and personal insurance, this model has many advantages. First, the threshold of establishment is lowered through the leverage of insurance and installment delivery, so that the trust can cover more customers with wealth management and inheritance needs; Second, through the professional management of insurance money, we can realize the risk isolation and protection of funds, preserve and increase their value, and realize long-term wealth inheritance; Third, based on the wider range of beneficiaries of the trust, it can provide more flexible customized property planning arrangements.

  As a modern financial company dedicated to creating innovation-oriented, service-oriented entities and people-oriented, Foreign Trade Trust provides customers with convenient and efficient arrangements for setting up trust products by providing exclusive customized services, including whole-program services such as architecture design, trust management and asset allocation. As early as 2014, foreign trade trust started the research and practice of insurance trust business. In 2015, foreign trade trust landed the first insurance trust, and continued to innovate and optimize its business model with the changing needs of customers in the past decade.

  As an innovative wealth management tool, insurance trust is gradually showing great market potential. Foreign Trade Trust said that it will always firmly practice the political and people-oriented nature of financial work, earnestly fulfill the social responsibilities of financial companies of central enterprises through various innovative trust businesses such as charity, special needs and property trust, and help a better life with the power of trust.

The big health industry is in the ascendant, and Chinese medicine enterprises are making efforts to "new blue ocean"

   Cctv news  In the report of the 19th National Congress, the implementation of the "Healthy China" strategy has brought great benefits to the medical and health industry. In recent years, the health industry has developed rapidly and has been called "the global ‘ after the IT industry; Wealth The 5th Wave ’ " . The improvement of national policies, public concern and the promotion of the market have provided fertile ground for the development of large health industries.

  In October 2016, the Central Committee of the Communist Party of China and the State Council issued "Healthy China ‘ 2030’ Planning Outline ",clearly raising" Healthy China "as a national development strategy; In the report of the 19th National Congress, the call of "implementing the strategy of healthy China and developing the healthy industry" was clearly reiterated. At the two sessions this year, the National Health Planning Commission changed its name to National Health Commission, and the development of health industry began to shift from "focusing on treating diseases" to "focusing on people’s health". "Preventing diseases" was regarded as the "new blue ocean", and the big health industry became a new "window".

  The change of demand has led to the change of the traditional health industry model. The big health industry with "prevention, treatment and maintenance" as its main industry has ushered in the "blue ocean era". Some experts predict that the big health industry will reach 10.5 trillion in 2020, with unlimited development prospects. The big health industry has attracted many cross-border giants to compete, including Baidu, Ali, Suning, Tencent, China Resources, Evergrande, Vanke and so on.

  Under the background of such a booming healthy China and benefiting the world, Chinese medicine practitioners are naturally indispensable. The Outline of Healthy China 2030 Plan puts forward that the unique advantages of Chinese medicine will be brought into full play, and the quintessence of Chinese medicine will be given a strong impetus in the new era. How will Chinese medicine enterprises pursue the wave of this era? The strategic cooperation between Beijing Youmei Bio and Beijing Tongrentang Xing ‘an League is a beneficial attempt to integrate and develop the big health industry.

  Recently, Beijing Youmei Biotechnology Co., Ltd. (hereinafter referred to as "Youmei Bio") has reached a strategic cooperation with Beijing Tongrentang Xing ‘an League Chinese Herbal Medicine Co., Ltd. Youmei Bio is a compound and innovative biotechnology company, which has developed a variety of big health products that combine the essence of Chinese herbal medicine and modern quantum technology. Founded in 1669, Beijing Tongrentang is a time-honored brand in the Chinese medicine industry.

  As practitioners of the concept of great health, the two sides will devote themselves to building a great health ecological industry with a new business model and help implement the development strategy of "Healthy China".

He Xianfeng, a professor of traditional Chinese medicine at Xing ‘an League in Beijing Tongrentang, took a group photo with Feng Bin, chairman and president of Wu Rongfang.

   During the cooperation, the founder of Youmei Bio announced the strategic plan of "building the industrial chain of Big Health Group in the future, screening mature production bases to the whole country, reforming enterprise management, upgrading customer service, building business school system and health service center". Wu Rongfang, chairman of Youmei Bio, said: "I hope that the resource platform of the enterprise will enable each enterprise to gain more and develop better in cooperation, truly exert its energy and driving role, and contribute to the big health industry!"

  Without national health, there will be no overall well-off society! The big health industry is becoming an important driving force for economic growth. It can be predicted that with the continuous acceleration of consumption upgrading and people’s increasing attention to the quality of life and physical health, this industry will usher in an unprecedented golden development period.

Seeing the whole process of people’s democracy from two congresses

  At the two conferences held in a week, the Supreme Leader General Secretary emphasized the same key word — — People’s democracy in the whole process.

  On September 14th, at the celebration of the 70th anniversary of the founding of the National People’s Congress, General Secretary of the Supreme Leader emphasized: "We should adhere to, improve and operate the people’s congress system around the development of people’s democracy in the whole process, so as to provide a solid institutional guarantee for realizing the goal of the party and the people in the new era and new journey."

  On September 20th, at the celebration of the 75th anniversary of the founding of China People’s Political Consultative Conference, the Supreme Leader General Secretary pointed out: "Looking back at history and looking forward to the future, we should be more confident in road, theory, system and culture, give full play to the remarkable political advantages of the CPPCC in the whole process of developing people’s democracy, and constantly consolidate and develop a lively, stable and United political situation."

  Why should "whole process people’s democracy" be placed in such an important position?

  General Secretary Supreme Leader’s thinking on the whole process of people’s democracy has always been based on the broad vision of the great cause of national rejuvenation.

  Looking back 10 years ago, General Secretary of the Supreme Leader looked back at the Party’s unremitting exploration and struggle to realize the people being the masters of the country and made an important conclusion — —

  "People’s democracy is the life of socialism. Without democracy, there will be no socialism, no socialist modernization, and no great rejuvenation of the Chinese nation. "

  Extend the lens of time again.

  General Secretary of the Supreme Leader has repeatedly mentioned the "cave-cave pairing" between Comrade Mao Zedong and Mr. Huang Yanpei in Yan ‘an. That was in the summer of 1945. Facing the question of how to jump out of the historical cycle rate, Comrade Mao Zedong confidently replied: "We have found a new way, and we can jump out of this cycle rate. This new road is democracy. "

  Wind and rain, the road is boundless.

  On November 2, 2019, General Secretary of the Supreme Leader clearly pointed out — —

  "We are following a road of political development in Socialism with Chinese characteristics, and people’s democracy is a democracy in the whole process".

  In October 2021, at the work conference of the Central People’s Congress, the General Secretary of the Supreme Leader made a systematic and incisive exposition on the major concepts and practical requirements of people’s democracy in the whole process.

  Once put forward, "people’s democracy in the whole process" immediately attracted great attention at home and abroad. It is precisely because of this great concept that based on the understanding of the development law of democratic politics, the "master key" and "master switch" for realizing democracy have been identified.

  The whole process of people’s democracy, for whom?

  People being masters of their own affairs is the essence and core of democracy in China. Since its birth, the Communist Party of China (CPC) has made unremitting exploration and struggle to realize that the people are the masters of the country.

  Jiangshan belongs to the people, and Jiangshan is crowned with the people. "The name of our country, the name of our state organs at all levels, are titled ‘ People ’ This is our basic orientation for the socialist regime in China. "

  Capitalized "people" paves the way for the whole process of people’s democracy. Whether it is holding a conference to deliver an important speech or going deep into the grassroots investigation and research; Whether meeting with Chinese and foreign journalists or having a cordial discussion with people from all walks of life, the Supreme Leader General Secretary repeatedly stressed: respect the people’s dominant position and ensure that the people are masters of their own affairs.

  Who does people’s democracy depend on in the whole process?

  Socialist China has developed from a backward agricultural country to a world power with the second largest economic aggregate and strong comprehensive national strength. It has eliminated absolute poverty, created a miracle in the history of human poverty reduction, and built the world’s largest education system, social security system and medical and health system … … Without the people’s status and spirit of ownership, without the United struggle of hundreds of millions of people, how can such achievements be achieved?

  At present, the changes of the world, the times and the history are constantly expanding in breadth and depth, and the arduous and arduous task of China’s reform, development and stability is unprecedented. In the critical period of comprehensively promoting the construction of a strong country and the great cause of national rejuvenation with Chinese modernization, only by fully stimulating the enthusiasm, initiative and creativity of all the people can we have a solid support and strong confidence to cope with risk challenges, difficulties and even stormy waves.

  What is the weight and strength of the people? General Secretary of the Supreme Leader said: "China has a population of more than 1.4 billion. Who can match the strength and wisdom of hundreds of millions of people?"

  The whole process of people’s democracy is combined with great practice and develops with the times.

  "The whole process of people’s democracy not only has complete institutional procedures, but also has complete participation in practice, which is extensive, true and useful."

  In August this year, faced with the speakers attending the 40th anniversary of the National People’s Congress’s accession to the Inter-Parliamentary Union and the Sixth Seminar for Parliamentarians from Developing Countries, General Secretary of the Supreme Leader pointed out that one of the most important experiences of China’s remarkable achievements in governance was that it took the road of political development in Socialism with Chinese characteristics under the leadership of the Communist Party of China and adhered to and developed people’s democracy throughout the process.

  Extensive, authentic and effective democratic achievements are strongly supported by "full chain, all-round and full coverage".

  In a big country with a vast territory, a large population and complicated national conditions, it is not easy to truly express and realize the wishes of more than 1.4 billion people, and it must be guaranteed by the system.

  "Both history and reality show that a stable system leads to a stable country, and a strong system leads to a strong country." The 20th National Congress of the Communist Party of China made comprehensive arrangements for developing people’s democracy in the whole process and ensuring that people are masters of their own affairs, and the Third Plenary Session of the 20th Central Committee of the Communist Party of China made specific arrangements for improving the system of people’s democracy in the whole process … … We will develop people’s democracy in the whole process, so that various systems can better reflect people’s will, protect people’s rights and interests, stimulate people’s creativity, and use institutional systems to ensure that people are masters of their own affairs.

  In recent years, some countries have seen phenomena such as democratic alienation and disorderly governance, which has given birth to deep thinking about the relationship between democracy and state governance in the international community. How to ensure the benign interaction between democratic development, political stability and social progress? How to overcome the phenomenon that the people in some countries have the right in form but not in fact, and make promises all over the sky during the election and no one asks after the election? China’s exploration and practice vividly explained that "people’s democracy is a glorious banner that the Communist Party of China (CPC) has always held high" and explored a new path for the development of human democracy.

  Unswervingly follow the road of political development in Socialism with Chinese characteristics, adhere to and improve China’s fundamental political system, basic political system and important political system, constantly improve the system of people being masters of their own affairs, enrich democratic forms at all levels, expand people’s orderly political participation, fully embody people’s will, safeguard people’s rights and interests, and stimulate people’s creative vitality.

  Complete institutional procedures and participation in practice make the whole process of people’s democracy change from value concept to institutional form, governance mechanism and people’s lifestyle rooted in China.

  "The whole process of people’s democracy in China is based on China’s national conditions, history and culture and reflects the wishes of the people. We are equally proud." The words of the Supreme Leader General Secretary show pride in the whole process of people’s democracy and confidence in Socialism with Chinese characteristics’s political development path, which has become a portrayal of the whole party and the people of all ethnic groups in China who are full of confidence in the great cause.

  Self-confidence is the only way to improve yourself. We should learn from the beneficial achievements of human political civilization, but never copy the western political system model.

  Practice has fully proved that the whole process of people’s democracy is feasible, vital and efficient because it grew from the social soil of China, and it must be deeply rooted in the social soil of China if it is to continue to thrive in the future.

  Looking far and wide, and putting democracy in the perspective of "the common value of all mankind", the significance of China’s active development of people’s democracy in the whole process is even broader.

  When in some countries "excess democracy", "excessive democracy" and "deficit democracy" coexist, and when the myth of "what’s wrong with democracy" and "does democracy still work" arises, "the Communist Party of China (CPC) led the people of China to make great achievements in developing people’s democracy, which enriched the theory and practice of world democracy and contributed to China’s wisdom and China’s plan."

  "Democracy is not an ornament, not for decoration, but for solving problems that people need to solve."

  "Democracy is the right of people of all countries, not the patent of a few countries."

  The unique concept of democracy contained in Chinese modernization was formed in the process of promoting socialist modernization, and it was put forward on the basis of summing up the process of human modernization, which provided a useful reference for human exploration of a better political system.

  "We are willing to continue to explore with all countries and people in the world who pursue peace, development, fairness, justice, democracy and freedom the way to realize extensive, true and effective democracy and make new contributions to the progress of human political civilization." The words of the Supreme Leader’s General Secretary are extremely important, based on the common pursuit of democracy by all mankind, and full of deep concern for the future and destiny of mankind.

  Planning: Zhang Yi, Du Shangze

  Written by Zhao Cheng

  Poster: Li Yan

  Vision: Bi Xiaoyang and Yu Dongsheng

  Photography: Xinhua News Agency reporter Xie Huanchi and Ju Peng.

  Editor: Jiang Xuehong

  Proofreading: Julie

  Editor in charge: Jiang Xuehong

Infiltrate the book and enjoy the "Yue" reading quietly.

April 23rd this year is the 30th "World Reading Day". In recent years, Shandong, Hubei, Guizhou and other places have promoted the construction of shared reading spaces such as urban study rooms and staff reading rooms. By entering communities, parks and construction sites, they have created a reading atmosphere with rich books, realizing that "books are everywhere, books are always floating, and books are enjoyed by everyone", which has deepened the cultural heritage of the city.

Entering the community: the "cultural charging station" at home.

Mr. Liu, a citizen of Zhucheng, Weifang City, Shandong Province, came to the Haiyan study room next to his own community. There is not much room here, but there are 15,000 books in the library, and you can borrow them for free. For Mr. Liu, Haiyan’s study is a "spiritual home" built in front of his home. He said, "It’s very convenient to walk around the corner after dinner. This study has a large collection of books and a wide range of knowledge, which really provides reading convenience for the people near us. "

In a space of more than 350 square meters, various books such as history and literature are dazzling. Many community residents quietly enjoy reading time. As the cultural service platform of Zhucheng’s new era civilization practice, Haiyan study room is connected with Zhucheng library, where books can be borrowed and returned. Mr. Zhang, a citizen, said: "My family lives nearby. The study environment is good and there are many books. You can come at any time if you want to read."

With the help of urban study, Zhucheng has created a diversified public cultural space and integrated culture into life. The relevant person in charge said: "We strive to create a spiritual pure land, let everyone share their reading experience, and make reading more books and reading good books a way of life, which is a kind of promotion and help for personal spiritual growth and the current construction of a scholarly society."

In spring, Fangfei is good, and reading is just the time. Recently, a 24-hour city study was officially launched in a community in Economic Development Zone, Jingzhou City, Hubei Province. Walking into it, warm yellow lights and wooden bookshelves set each other off. There are more than 3,000 books covering social sciences, literature and art, children and other fields, which can meet the reading needs of readers of all ages.

"You can enter by swiping your ID card, and you can go at any time if you want to read at night." "In the past, I had to drive to the city library to borrow books. Now there is a city study at my doorstep, and it is really convenient for children to borrow books themselves after school." Residents who come to read books are full of praise for the city study at the door of this house. It is understood that there is a self-service book borrowing and returning machine and an intelligent security system in the city study. Residents can swipe their ID cards to enter the study, borrow and return books, and the community will regularly arrange special personnel for cleaning and maintenance. The relevant person in charge said that the study room has created a good reading atmosphere for community residents and is becoming a "cultural charging station" at home.

Entering the park: looking down at the book and looking up at the scenery.

Located in the scenic Guanshan Lake Park, Luming Bookstore in Guiyang City, Guizhou Province, takes the concept of "nature as a companion, book fragrance moistens the heart" and devotes itself to creating a multi-featured reading space integrating knowledge dissemination, ecological education, leisure experience and communication. At present, there are more than 40 reading seats and a service window, and there are more than 5,000 books in the collection, mainly in natural sciences, covering biological sciences, earth sciences, environmental sciences and other sub-categories. Focusing on ecological protection and sustainable development, it echoes the green concept of parks, promotes the integration of nature and humanities, and at the same time, it is supplemented by books on classic literature, life tourism and parenting education, taking into account the diverse reading needs and creating a reading atmosphere for the whole people. The bookstore is also equipped with a self-service borrowing and returning machine to make the reading experience more efficient and intimate.

According to reports, in addition to the Luming Bookstore, Guanshanhu Park will welcome two new bookstores this year. One is the "Tanruo Bookstore Cafe" whose name is taken from "hugging together like pomegranate seeds" and symbolizes the great unity of the Chinese nation. It will be located around the National Grand Gala Square in Guanshanhu Park; The other is the "Zhixing Bookstore" with the urban spirit of Guiyang as the main creative concept, which will be located near Qiannan Gate of Guanshanhu Park.

In Danxia Cultural and Sports Park in Qingshan Lake District, Nanchang City, Jiangxi Province, a white building resembling a conch stands near the water, with floor-to-ceiling windows reflecting the lake light, and spiral wooden bookshelves winding upward, attracting passers-by to stop frequently. As a new cultural landmark, Conch Bookstore has received more than 1,000 readers per day with its unique design concept and rich cultural activities since its opening in 2022. "It’s not as serious as a traditional library, but it’s like walking into a landscape painting." Mr. Wang said.

Entering the Conch Bookstore, the 270-degree floor-to-ceiling window around the lake frames the water color into a natural painting. The whole row of atmospheric wooden bookshelves perfectly echoes the curve of the lake shore, and the whole row of four-lane waterfall lending and display system is very eye-catching; The room with circular arch inside, seagull-shaped lighting, wavy ceiling and minimalist wooden decoration style can feel the small and exquisite design concept everywhere. This 1,500-square-meter city study has nearly 30,000 books, which is a cultural service space integrating reading and sharing, public lectures, art curation, activities and exchanges.

Entering the construction site: supplementing "spiritual food" for builders

At the site of the first phase project of Anhe New Port, the central port area of Anqing Port, Anqing City, Anhui Province, a site library of more than 10 square meters was built. The space was not large, but it soon became an important place for builders to supplement "spiritual food". "It is not unusual to have a bookstore on the construction site. The key is how to give full play to its role and make it truly serve the vast number of builders." The person in charge of the project department said.

There are a large number of books in the library to help project personnel prepare for the first-class construction engineer, registered safety engineer and other certificate examinations. In order to improve learning efficiency, everyone comes here to study by themselves. "The professional books in our library are very rich. I am reading the Code for Welding of Steel Structures recently to enrich my professional knowledge." Looking at the dazzling array of bookshelves, a worker said happily. At present, the site library contains more than 300 books of all kinds, which not only meets the dual needs of front-line employees in culture and skills, but also creates a good atmosphere of "striving to be a learning employee and building a learning project".

The staff bookstore of the headquarters of China Railway 16th Bureau was established in 2018, with more than 1,000 books, including Chinese studies, current politics, literature and popular science. The biggest feature of the library is its mobility. It is a mobile staff library converted from containers, which is convenient for display and use in surrounding construction sites such as Beijing, Tianjin and Hebei. There are computers, computer desks, reading desks, tea makers and coffee makers in the library, making the "staff library" a good platform for learning.

From china construction news, April 23, 2025, Su Yuan.

Four pharmaceutical companies conspired to monopolize the market and were fined heavily.

Information picture

In July, 2023, polymyxin B sulfate for injection, an exclusive drug produced by a subsidiary of Shanghai Pharmaceutical Group, suddenly announced that it had dropped from 2,303 yuan/branch to 270 yuan/branch, with a drop of nearly 90%, which attracted the attention of the industry.

The reporter learned from official website, State Administration of Market Supervision, that the decision of administrative punishment on the case of abuse of market dominance by four companies, such as Shanghai Shangyao No.1 Biochemical Pharmaceutical Co., Ltd., was recently released. According to the decision, in July 2023, the Shanghai Municipal Market Supervision Administration initiated an investigation into the abuse of market dominance by four companies, including SAIC Biochemical. In December 2023, Shanghai Municipal Market Supervision Administration made an administrative punishment decision on this case according to law. The punishment decision shows that during the period from December 2017 to June 2023, four pharmaceutical companies abused the dominant position in the market of polymyxin B sulfate for injection in China, and implemented the behavior of selling preparations at unfairly high prices, which excluded and restricted market competition and harmed the interests of patients and social public interests.

Well-known anti-monopoly law experts pointed out in an interview that the above four companies were fined 1.219 billion yuan for violating the Anti-monopoly Law of the People’s Republic of China, which is the case with the largest amount of anti-monopoly punishment in the pharmaceutical field at present.

Monopolize the API market

Polymyxin B sulfate for injection plays an important role in the treatment of carbapenem-resistant gram-negative bacteria infection, which is highly dependent on hospitals and patients and difficult to be replaced by other drugs. Before 2017, no domestic company produced its raw materials and medicines and needed to import them from abroad.

According to the circular of the State Administration of Market Supervision, three private pharmaceutical companies, Wuhan Huihai Pharmaceutical Co., Ltd., Wuhan Kede Pharmaceutical Co., Ltd. and Hubei Minkang Pharmaceutical Co., Ltd., and the state-owned pharmaceutical company Shanghai Pharmaceutical Group Shangyao No.1 Biochemical Pharmaceutical Co., Ltd., abused the dominant position in the market of polymyxin B sulfate for injection in China and implemented the act of selling preparations at unfair high prices.

Wuhan Huihai, Wuhan Kede and Minkang Pharmaceutical (collectively referred to as Wuhan Huihai) have the same actual controlling shareholders, confused personnel and office locations, unified decision-making, division of labor and cooperation, jointly implemented the acts involved, and shared monopoly profits.

In order to introduce and control its raw materials, in 2010, Wuhan Huihai signed an agreement with Danish Yaseli Company to become the agent of Danish Yaseli China market. Since 2016, Wuhan Huihai has given the sales manager of Danish Yaseli China a benefit fee, asking him not to sell the API to other enterprises, thus controlling the supply of the whole API in China market.

On the other hand, Wuhan Huihai is busy looking for manufacturers. Because only the drug is qualified for production in China, it has not been put into production. Wuhan Huihaisui reached a cooperation intention with Shanghai Pharmaceutical Biochemical Co., Ltd. to supply raw materials to Shanghai Pharmaceutical Biochemical Co., Ltd., which was responsible for drug declaration and production, and granted exclusive distribution rights to its preparations, from which Shanghai Pharmaceutical Biochemical collected processing fees. Shanghai Pharmaceutical Biochemical applied for production qualification, and obtained the production approval from the Food and Drug Administration in 2017, becoming the only production enterprise in China.

According to the Shanghai Municipal Market Supervision Bureau, operators must first have APIs for R&D and production when entering the market, while Wuhan Huihai controls the supply of APIs in the China market, so it is difficult for other operators to obtain APIs. It is reported that this is the second time that Wuhan Huihai was punished by pharmaceutical antitrust in 2023. In May 2023, the State Administration of Market Supervision fined him 4,126,800 yuan. Wuhan Huihai Pharmaceutical Co., Ltd. was established in 2003 with a registered capital of 3 million yuan, and its legal representative is Li Meilin.

Conspire to earn excess profits

Shanghai Pharmaceutical Biochemical Co., Ltd. belongs to Shanghai Pharmaceutical Group, with total assets of 800 million yuan and registered capital of 225 million yuan.

When Wuhan Huihai signed a cooperation agreement with Shanghai Pharmaceutical Biochemical Co., Ltd., it was agreed that when bidding for preparations, the two sides would negotiate and communicate on matters such as bidding price and distributors, and jointly agree on bidding matters. According to the rules of drug sales, Shanghai Pharmaceuticals Biochemistry came forward to connect with the drug recruitment departments of all provinces in the country, made online quotations, and invoiced and sold them to circulation enterprises according to the instructions of Wuhan Huihai to obtain the sales income of preparations.

As the only operator who sells the drug, Shangyao Biochemical has the ability to influence and determine the key trading conditions such as sales price and sales quantity. The price of the drug was 2303 yuan/piece in Fujian province for the first time, and then it reached 2918 yuan/piece in Shanghai. Since then, the provinces have hung up their nets one after another, and the prices are mostly 2303 yuan/branch to 2918 yuan/branch. According to the instructions of Wuhan Huihai, Shanghai Pharmaceutical Biochemical Co., Ltd. supplies the goods to the circulation enterprises after deducting the distribution fee according to the hanging price.

In 2016, the state began to implement the "two-vote system" policy, that is, drugs are invoiced once from the production enterprise to the circulation enterprise and once from the circulation enterprise to the medical institution, with the aim of reducing the circulation of drugs and lowering the price of drugs. Limited by the "two-vote system", Wuhan Huihai can’t directly obtain the monopoly profit of preparation sales by buying low and selling high. To this end, Wuhan Huihai, with the cooperation of Shanghai Pharmaceutical Biochemical Co., Ltd., obtained monopoly profits from the raw materials link by inflating the sales price of raw materials.

Due to the large amount of payment for raw materials, Wuhan Huihai arranged for 38 pharmaceutical companies in Hubei and Jiangxi to increase prices step by step, and gradually pushed up the import price of raw materials purchased from Danish Yaseli Company from 73 yuan/g to 94 yuan/g to 18,000 yuan/g to 35,000 yuan/g, and sold them to Shanghai Pharmaceutical Biochemical Company to produce preparations, from which profits were made. This creates the illusion that the high drug price is due to the high drug price of raw materials.

Drive up drug prices for nearly six consecutive years.

According to the Shanghai Municipal Market Supervision Bureau, in 2022 alone, the illegal income of Wuhan Huihai was 610 million yuan, and that of Shanghai Pharmaceutical was 330 million yuan. The biochemical behavior of Wuhan Huihai and Shanghai Pharmaceutical Co., Ltd. constitutes the abuse of market dominance to sell goods at unfairly high prices.

It is reported that the cost of drug production is mainly composed of two parts: the cost of raw materials and the cost of biochemical workshop. According to the biochemical financial data of Shanghai Pharmaceutical Co., Ltd., the total production cost of this drug is about 8.6 yuan -14.6 yuan/piece, and the processing fee charged by Shanghai Pharmaceutical Co., Ltd. is from 140.4 yuan/piece -230 yuan/piece. Finally, the net price of the drug is as high as 2303 yuan/piece -2918 yuan/piece.

In addition, the domestic sales price of polymyxin B sulfate for injection is significantly higher than that of other countries and regions in the same period, which is about 35 to 44 times that of overseas products.

"The serious handling of this case corrected the illegal behavior in time, and the drug price dropped by nearly 90%. This safeguards the interests of consumers and the public interest. " In an interview, Wang Xianlin, a member of the Expert Advisory Group of the State Council Anti-monopoly Committee and vice president of china law society Economic Law Research Association, pointed out that the parties in this case abused their dominant market position to sell drugs at unfairly high prices. On the one hand, they distorted the market price formation mechanism of this drug and made its price seriously deviate from the normal level, which excluded and restricted market competition. On the other hand, it also makes patients have to pay higher prices, increases the cost of medication for patients, and seriously damages the interests of patients; It also increased the expenditure of the national medical insurance fund, which seriously damaged the public interest.

The reporter learned that after the above-mentioned case was investigated in July 2023, six senior executives of Shanghai Pharmaceutical Group were investigated. In September 2023, Pan Deqing, former vice president of Shanghai Pharmaceutical, Li Ping, general manager of Shanghai Shangke Pharmaceutical, Chen Binhua, former general manager of Shanghai Pharmaceutical Biochemical, and Huang Yuhui, former deputy general manager of Shanghai Pharmaceutical Biochemical, were investigated. In November, Zhou Jun, chairman of Shanghai Pharmaceutical, and Gu Haoliang, former vice president of Shanghai Pharmaceutical, were investigated.

Announcement of Listed Companies in Shenzhen (March 26th)

  1. (000027) Shenzhen Energy: Supplement to the proposal of the second extraordinary shareholders’ meeting in 2008.

  On March 25, 2008, Shenzhen Energy received a letter from Shenzhen Energy Group Co., Ltd. (the controlling shareholder of the company, holding 63.74% of the company’s shares), requesting the second extraordinary shareholders’ meeting in 2008 to consider the Proposal on Bidding for the Land of Shenzhen Energy Headquarters Building.

  According to relevant regulations, the company submitted the new proposal to the second extraordinary general meeting of shareholders held on April 7, 2008 for consideration.

  2. (000034)SST Shentai: The second prompt for holding the shareholders’ meeting related to the share-trading reform on March 28th.

  1. Convenor: the board of directors of the company.

  2. Time for convening the extraordinary shareholders’ meeting and relevant shareholders’ meeting:

  On-site meeting time: Friday, March 28th, 2008, 9:00-11:30.

  Online voting time: March 26th, 2008-March 28th, 2008.

  Among them, the specific time for online voting through the trading system of Shenzhen Stock Exchange is:

  From March 26th, 2008 to March 28th, 2008, every trading day is from 9: 30 to 11: 30 and from 13: 00 to 15: 00; It ended at 15:00 on March 28th, 2008.

  The specific time for voting through the Internet is from 9: 30 on March 26th, 2008 to 15:00 on March 28th, 2008.

  3. date of record: 24 March 2008

  4. Site meeting place: meeting room of Shenzhen Huabao (Group) Feed Co., Ltd., northwest of the intersection of National Highway 107 and Xixiang Avenue, Baoan District, Shenzhen.

  5. Meeting mode: combining on-site voting with online voting.

  6. Matters to be considered at the meeting: Reform Plan of the Company’s Non-tradable Shares

  3. (000035)ST Kejian: The board of directors passed the proposal of the company to carry out major asset restructuring and purchase assets through non-public offering of shares.

  The 10th (temporary) meeting of the 4th Board of Directors of ST Kejian was held on March 24th, and the following proposals were considered and passed:

  I. Proposal on the Company Meeting the Conditions for Non-public Offering of Shares;

  2. Proposal on the Company’s Major Asset Restructuring and Non-public Offering of Shares to Purchase Assets;

  3. To request the shareholders’ meeting to approve the proposal that zhu zhiping and his concerted actions are exempted from increasing the company’s shares by way of offer;

  IV. "About the signing of the company with the Debt Committee, Kejian Group, Zhixiong Electronics, Tongli Company and Mr. Hao Jianxue"<框架协议>Proposal ";

  V. About the signing of the Company with zhu zhiping, Ji Lisong, Cong Naikang and Tongli Company

  VI. Proposal on Requesting the General Meeting of Shareholders to authorize the Board of Directors to handle matters related to major asset restructuring and non-public offering;

  VII. Proposal on Submitting to the General Meeting of Shareholders for deliberation and approval on amending the Articles of Association;

  VIII. Proposal on Temporarily Not Convening the Company’s General Meeting of Shareholders.

  The company will hold another meeting of the board of directors to make supplementary resolutions on the above-mentioned related matters, and announce the time for convening the shareholders’ meeting separately.

  4. (000035)ST Kejian: The first extraordinary general meeting of shareholders in 2008 was held on April 22nd.

  1. Convening time: April 22nd, 2008 (Tuesday) at 1: 30pm.

  2. Venue: Meeting room on the second floor of Kejian Building, Gongye Sixth Road, Shekou, Shenzhen.

  3. Convenor: the board of directors of the company.

  4. Convening method: on-site voting.

  5. date of record: April 15, 2008

  6. Matters to be considered at the meeting:

  (1) Proposal on electing Mr. Du Changxi as the director of the fourth board of directors of the company;

  (2) Proposal on reappointing Wuhan Zhonghuan Certified Public Accountants Co., Ltd. as the company’s financial auditing unit in 2007.

  5. (000157) Zoomlion: The board of directors agreed to acquire the equity of Shaanxi Xinhuanggong Machinery Co., Ltd. and increase its capital.

  The third interim meeting of the third board of directors of Zoomlion in 2008 was held on March 25th, and the following resolutions were passed:

  1. Proposal on Acquisition of the Equity of Shaanxi Xinhuanggong Machinery Co., Ltd.;

  2. Proposal on Capital Increase of Shaanxi Xinhuanggong Machinery Co., Ltd.;

  III. Proposal on Authorizing the Chairman of the Board of Directors to Handle Stock Purchase, Capital Increase and Other Related Matters.

  6. (000400) Xu Ji Electric: Main financial indicators and distribution plan of 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.3066.

  2. Net assets per share (RMB) 5.6331

  3. ROE (%) 5.44

  2. Send 1 yuan for every 10 shares (including tax).

  7. (000421) North Nanjing: Major Events

  In view of the background of national energy conservation and emission reduction policy, Changzhou Saide Thermal Power Co., Ltd., a holding subsidiary of Nanjing Zhongbei Holding Company, is facing the closure of power business. As Changzhou Saide is a Sino-foreign cooperative enterprise, the company is actively communicating and coordinating with relevant government departments on the above-mentioned power business shutdown and asset disposal, so as to avoid or reduce the possible impact on the company’s operating performance and safeguard shareholders’ rights and interests.

  8. (000429) Guangdong Expressway A: Major events, the company’s shares will be suspended from March 26th.

  Guangdong Expressway A is planning major asset restructuring matters, and will provide policy consultation and scheme demonstration to relevant departments within five working days after the publication of this announcement, so there are still uncertainties in related matters.

  In order to protect the interests of investors and avoid significant impact on the company’s stock price, the company’s stock was suspended from March 26, 2008 upon the company’s application.

  9. (000488) Chenming Paper Co., Ltd.: It intends to continue to provide guarantee for the relevant holding subsidiaries to apply for the comprehensive credit line of RMB in 2008.

  On March 24, 2008, the sixth meeting of the fifth board of directors of Chenming Paper reviewed and passed the "Proposal on Providing Guarantee for Holding Subsidiaries to Apply for Bank Credit Line". The 2007 annual credit guarantee provided by the company for its holding subsidiaries has expired one after another. In order to ensure the normal production and operation of each holding subsidiary, the company intends to continue to provide guarantee for the relevant holding subsidiaries to apply for the comprehensive credit line of RMB in 2008, with a total guarantee amount of 2.25 billion yuan and a term of one year.

  10. (000502) Lvjing Real Estate: Main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.0239

  2. Net assets per share (RMB) 1.08.

  3. ROE (%) 2.21

  Second, no distribution and no increase

  11. (000530) Great Cold B: Abnormal fluctuations in stock trading.

  The trading price of Dalang B stock was abnormal in the two consecutive trading days from March 24 to 25, 2008, which was a stock price change.

  At present, the company does not have any matters or information that should be disclosed but not disclosed.

  12. (000543) Wanneng Electric Power: Main financial indicators and distribution plan in 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.08

  2. Net assets per share (RMB) 6.82

  3. ROE (%) 1.21

  2. Pay 0.85 yuan (including tax) for every 10 shares.

  13. (000543) Wanneng Electric Power: The 2007 Annual General Meeting of Shareholders was held on April 29th.

  1. Meeting time: 9:00 am on Tuesday, April 29th, 2008.

  2. Meeting place: Conference Room 5, 4th floor, Wanneng Building, No.99 Maanshan Road, Hefei, Anhui.

  3. Convenor of the meeting: the board of directors of the company.

  4. Method of meeting: On-site voting.

  5. date of record: April 21, 2008

  6. Matters considered at the meeting: Report on the Company’s Profit Distribution Plan for 2007, etc.

  14. (000559) Wanxiang Qian Chao: The annual general meeting of shareholders passed the profit distribution plan for 2007.

  The 2007 Annual General Meeting of Shareholders of Wanxiang Qian Chao was held on March 25th, 2008, and the following resolutions were passed:

  1. Work Report of the Board of Directors in 2007.

  2. Work Report of the Board of Supervisors in 2007.

  3, 2007 annual financial statements.

  4. Profit distribution plan for 2007.

  5. Report on the implementation of related party transactions in 2007 and proposal on the forecast of daily related party transactions in 2008.

  15. (000565) Chongqing Three Gorges A: The board of directors agreed to provide a one-year working capital loan guarantee of 20 million yuan for the holding subsidiary of Three Gorges Yingli Chemical.

  The Eighth Board of Directors of the Fifth Session of Chongqing Three Gorges A was held on March 24th, and the proposal to provide a one-year working capital loan guarantee of 20 million yuan for Chongqing Three Gorges Yingli Chemical Co., Ltd., a holding subsidiary of the company, was reviewed and passed.

  Chongqing Three Gorges Yingli Chemical Co., Ltd. is a holding subsidiary of the company. Its newly-built 50,000-ton glycine/year project is progressing normally and has entered the trial production stage. In order to ensure the completion and production of the project, the company decided to apply for a one-year working capital loan of RMB 20 million from China Merchants Bank Chongqing Branch Jiulongpo Sub-branch, and the company provided guarantee for it.

  16. (000568) LU ZHOU LAO JIAO CO.,LTD: The performance in the first quarter of 2008 is expected to increase by 250%-300% year-on-year.

  LU ZHOU LAO JIAO CO.,LTD predicted that the accumulated net profit from January to March 2008 would increase by 250% to 300% compared with the same period of last year, and the net profit attributable to shareholders of listed companies would also increase by more than 250% to 300% compared with the same period of last year.

  The reasons are:

  1. The first quarter is the traditional peak season for liquor sales, and the company arranged ahead of schedule. The leading products such as Guojiao 1573 and Luzhou Laojiao Tequ have a good sales situation and the sales volume has increased rapidly;

  2. As of March 31, 2008, the company held 353,164,800 shares of Huaxi Securities (accounting for 34.86% of the total shares of Huaxi Securities), an increase of 333,164,800 shares compared with the same period of last year, so the investment income increased accordingly.

  17. (000594) Tianjin Hongfeng: Shenzhen Guoheng sold 8,907,300 shares of the company again.

  From March 20, 2008 to March 25, 2008, Shenzhen Guoheng Industrial Development Co., Ltd., a shareholder of Tianjin Hongfeng, has sold a total of 8,907,300 shares of the company through listing on Shenzhen Stock Exchange, accounting for 1.59% of the total shares of the company.

  As of March 25th, 2008, Shenzhen Guoheng still holds 80,686,613 shares (accounting for 14.38% of the total shares of the company).

  18. (000617) Petroleum firewood: main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.41

  2. Net assets per share (RMB) 2.81

  3. ROE (%) 14.52

  2. Send 0.2 yuan for every 10 shares (including tax).

  19. (000625) Changan Automobile: The 2007 Annual General Meeting of Shareholders was held on April 25th.

  (1) Convening time: 9:00 am on April 25th, 2008.

  (II) Venue: Multimedia Meeting Room of Chang ‘an Science and Technology Building, No.260 Jianxin East Road, Jiangbei District, Chongqing.

  (3) Convenor: the board of directors of the company.

  (4) Convening method: on-site voting method.

  (5) date of record: April 18, 2008.

  (VI) Matters to be considered at the meeting: 2007 annual report and summary, profit distribution in 2007 and plan for converting capital reserve into share capital, etc.

  20. (000625) Changan Automobile: Main financial indicators and distribution plan in 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.34

  2. Net assets per share (RMB) 3.89

  3. ROE (%) 8.81

  2. Transfer 2 shares for every 10 shares.

  21. (000631)S*ST Lanbao: The annual report for 2007 will be disclosed before March 29th.

  S*ST Lanbao’s 2007 financial audit was carried out ahead of schedule, and the audit report will be completed around March 27th, 2008. Therefore, the company’s original time to disclose the 2007 annual report on April 25th, 2008 will be advanced to March 29th, 2008.

  22. (000652) TEDA Co., Ltd.: Main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.35

  2. Net assets per share (RMB) 1.93.

  3. ROE (%) 18.24

  Two, send 3 shares for every 10 shares, and send 0.34 yuan (including tax) to increase 1 share.

  23. (000652) TEDA: The 2007 annual general meeting of shareholders was held on April 28th.

  1. On-site meeting time: 2: 00pm on Monday, April 28th, 2008, with a duration of half a day;

  Online voting time: the online voting time through the trading system is from 9: 30 am to 11: 30 am and from 13: 00 pm to 15: 00 pm on April 28, 2008; The specific time for voting through the Internet voting system of Shenzhen Stock Exchange is from 15:00 pm on April 27th, 2008 to 15:00 pm on April 28th, 2008.

  2. Venue: Tianjin Tianma International Club Co., Ltd. (address: next to Tianjin Yangliuqing Golf Club, west of Jingfu Highway, Shuangkou Town, Beichen District, Tianjin);

  3. Convenor: the board of directors of the company;

  4. Convening method: combining on-site method with online voting;

  5. date of record: April 21, 2008;

  6. Matters considered at the meeting: the company’s profit distribution plan for 2007, and the proposal of the company to subscribe for new shares with idle funds in 2008.

  24. (000655) Jinling Mining: The non-public offering of shares to purchase assets was approved by the state-owned assets management department.

  Jinling Mining recently received a reply from the State-owned Assets Supervision and Administration Commission of Shandong Provincial People’s Government, agreeing that the company will issue no less than 30 million shares and no more than 50 million shares in a non-public manner to purchase auxiliary assets such as Zhaokou Branch Mine, power plant and some land workshops of Shandong Jinling Iron Mine.

  25. (000671) Sunshine Development: The 2007 Annual General Meeting of Shareholders was held on April 17th.

  1. Convenor of the meeting: the board of directors of the company;

  2. Meeting time: 9:30 am on Thursday, April 17th, 2008;

  3. Meeting place: Meeting room of Sunshine Holiday Hotel, No.26 Gao Qiao Road, Fuzhou;

  4. Method of convening the meeting: voting on the spot;

  5. date of record: April 10, 2008;

  6. Matters considered at the meeting: The Full Text of the Company’s 2007 Annual Report and its Summary, and the Proposal on the Company’s 2007 Profit Distribution and Converting the Provident Fund into Share Capital, etc.

  26. (000671) Sunshine Development: Main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.18

  2. Net assets per share (RMB) 2.71

  3. ROE (%) 6.74

  2. Pay 0.35 yuan (including tax) for every 10 shares.

  27. (000677) Shandong Hailong: The performance in the first quarter of 2008 increased by 50%-150% in advance.

  Shandong Hailong expects that the net profit in the first quarter of 2008 will increase substantially compared with the same period of last year, and it is expected to increase by 50%-150% in the same direction.

  The reasons are as follows: in the first quarter of 2008, the company was affected by technological upgrading, and the sales of new products increased; In addition, the company’s income from intangible assets and the reduction of income tax rate are affected.

  28. (000693)S*ST Juyou: The board of directors agreed to hire Zhongyuan International Assets Appraisal Co., Ltd. as an asset appraisal agency.

  The 24th Board of Directors of the 6th Session of S*ST Juyou held a meeting by fax on March 25th, 2008, and passed the Proposal on Hiring Zhongyuan International Assets Appraisal Co., Ltd. as an Assets Appraisal Agency.

  29. (000709) Tangshan Iron and Steel Co., Ltd.: The performance in the first quarter of 2008 is expected to increase by 50%-100%.

  In the first quarter of 2008, the net profit attributable to the owner of the parent company of Tangshan Iron and Steel Co., Ltd. is expected to increase by 50%-100% year-on-year.

  The reasons are:

  1. The company increased the cooperation scope of strategic resources and reduced the procurement cost of main raw materials.

  2. The second phase project of Tangshan Medium Plate Co., Ltd., a holding subsidiary of the company, was put into operation in the first quarter of 2008, which increased the production capacity and benefit.

  3. The company strives to optimize the variety structure and increase the proportion of high value-added products.

  4. The company vigorously carried out energy conservation and emission reduction, developed circular economy, deepened benchmarking and tapped potential, and optimized various major economic and technical indicators.

  30. (000739) Prokangyu: Main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.1247

  2. Net assets per share (RMB) 2.78

  3. ROE (%) 4.27

  Second, no distribution and no increase

  31. (000819) Yueyang Xingchang: Progress of New Drug Evaluation of Gastropathy Vaccine

  The Drug Evaluation Center of the State Food and Drug Administration held a drug evaluation consultation meeting in Beijing from March 20 to 22, 2008, and conducted an expert evaluation consultation on the "oral recombinant Helicobacter pylori vaccine" (gastropathy vaccine) declared by Chongqing Kangwei Biotechnology Co., Ltd., a subsidiary of Yueyang Xingchang.

  The review consultation meeting ended on schedule on March 22nd. According to the convention of the consultation meeting, its opinions have not been officially informed to Chongqing Kangwei and announced. According to the website of Drug Evaluation Center of State Food and Drug Administration (website: http://www.cde.org.cn), at present, the consultation and discussion of gastropathy vaccine has ended and entered the stage of "post-consultation review", and "five biological products review rooms are conducting comprehensive evaluation according to the consultation opinions".

  32. (000819) Yueyang Xingchang: 40,791,244 restricted shares were listed and circulated on March 28th.

  The number of tradable shares listed under this restricted sale condition is 40,791,244 shares.

  The circulating date of the tradable shares with limited sale conditions is March 28, 2008.

  33. (000835) Sichuan Shengda: The board of directors approved the proposal of lending 50 million yuan to hengfeng bank Chengdu Branch, and appointed Chang Feng as the executive deputy general manager of the company.

  The 24th meeting of the 5th Board of Directors of Sichuan Shengda was held on March 25th, 2008, and the following resolutions were passed:

  I. Proposal on the Company’s loan of RMB 50 million to hengfeng bank Chengdu Branch.

  2. To appoint Mr. Chang Feng as the executive deputy general manager of the company.

  34. (000851) Gaohong Shares: The 2007 Annual General Meeting of Shareholders was held on April 28th.

  1. Convening time: 9: 00 am on April 28th, 2008.

  2. venue: meeting room on the third floor of the main building of Datang Telecom Group, No.40 Xueyuan Road, Haidian District, Beijing.

  3. Convening method: on-site voting method.

  4. Convenor: Board of Directors

  5. date of record: April 21, 2008

  6. Main agenda of the meeting: Proposal of the Company’s 2007 Annual Report and Summary, Proposal of the Company’s 2007 Annual Profit Distribution, etc.

  35. (000851) Gaohong Co., Ltd.: Main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.04

  2. Net assets per share (RMB) 1.93.

  3. ROE (%) 2.12

  Second, no distribution and no increase

  36. (000897) Jinbin Development: Main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.0643.

  2. Net assets per share (RMB) 1.87.

  3. ROE (%) 3.43

  Two, every 10 shares of 0.2 yuan (including tax) increased by 4 shares.

  37. (000897) Jinbin Development: The performance in the first quarter of 2008 is expected to increase by 50%-100%.

  Jinbin Development predicts that the net profit in the first quarter of 2008 will increase by 50%-100% year-on-year.

  In March, 2008, the company received a penalty of RMB 35.286 million from Tianjin TEDA Investment Holding Co., Ltd., which had an impact on the company’s operating performance in the first quarter.

  38. (000897) Jinbin Development: The 2007 Annual General Meeting of Shareholders was held on April 18th.

  (1) Meeting time: 10:00 am on Friday, April 18th, 2008.

  (II) Meeting place: meeting room on the 11th floor of the company.

  (3) Convenor: the board of directors of the company.

  (4) Meeting method: voting on the spot.

  (5) date of record: April 11, 2008.

  (VI) Matters considered at the meeting: Proposal on the Company’s Profit Distribution Plan for 2007, etc.

  39. (000901) Aerospace Science and Technology: The disclosure of the 2007 annual report was postponed to April 23rd.

  Because the annual financial audit of Aerospace Science and Technology could not be completed within the expected time, the disclosure time of the company’s 2007 annual report was postponed to April 23, 2008 with the approval of Shenzhen Stock Exchange.

  40. (000903) Power in the Cloud: Supplement to the 2007 Annual Report

  Yunnei Power disclosed its 2007 annual report and abstract on March 8, 2008. In order to enable investors to know more about the company in detail, we now make a supplementary announcement on the relevant contents of the company’s 2007 annual report and abstract.

  41. (000916) North China Expressway: The 2007 Annual General Meeting of Shareholders was held on April 18th.

  1. Meeting time: 10:00 am on Friday, April 18th, 2008.

  2. Meeting place: A301 meeting room of the company.

  3. Convenor: the board of directors of the company.

  4. Method of meeting: On-site voting by secret ballot.

  5. date of record: April 10th, 2008.

  6. Matters considered at the meeting: profit distribution plan for 2007, etc.

  42. (000916) North China Expressway: Main financial indicators and distribution plan in 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.286.

  2. Net assets per share (RMB) 3.46

  3. ROE (%) 8.27

  2. Send 1.6 yuan for every 10 shares (including tax).

  43. (000917) Dianguang Media: 2007 annual performance report, with earnings per share of 0.33 yuan.

  Main financial data and indicators in 2007:

  Earnings per share (RMB) 0.33

  Return on net assets (%) 6.52

  Net assets per share (RMB) 5.14

  44. (000917) Dianguang Media: The extraordinary shareholders’ meeting passed the proposal to provide financial support for the holding subsidiaries.

  The first extraordinary shareholders’ meeting of Dianguang Media in 2008 was held on March 25th, and the Proposal on Providing Financial Support for Hunan Xinfengyuan Investment Co., Ltd., a holding subsidiary, was passed.

  45. (000931) Zhongguan Village: Major Litigation Progress

  Beijing Plastics Trading Co., Ltd. and Beijing Longtianlu Real Estate Development Co., Ltd. sued Beijing Zhongguancun Development and Construction Co., Ltd., a holding subsidiary of Zhongguan Village, for the dispute over the infringement of equity transfer. The plaintiffs Plasticizing Company and Longtianlu Company applied to the court to withdraw the lawsuit. The court allowed to withdraw the lawsuit after examination, and the case acceptance fee of 61,866,500 yuan was borne by Plastics Company and Longtianlu Company. This case will not affect the company’s performance in 2007 and 2008.

  46. (000931) Zhongguan Village: Progress of Major Events

  After deliberation and approval at the second interim meeting of the third board of directors of Zhongguan Village in 2008, the company decided to suspend the sale of the equity of Beijing Zhongguancun Sihuan Pharmaceutical Development Co., Ltd. and applied to the China Securities Regulatory Commission to withdraw the Report on the Sale of Major Assets and Related Transactions. As the largest shareholder of the company, Pengtai Investment agreed to the company’s decision to suspend the sale of Sihuan Co., Ltd., and promised to buy Sihuan Co., Ltd. again at no less than 400 million yuan when the conditions are ripe. If other potential investors participate in the bidding, the highest bidder will win the bid.

  On March 25th, 2008, the company received the relevant notice from the China Securities Regulatory Commission, and the China Securities Regulatory Commission decided to terminate the examination of the company’s application.

  47. (000936) Huaxi Village: The board of directors agreed to acquire 75% equity of Jiangyin Chengyi Storage Co., Ltd. owned by Chenghua International.

  The 24th Extraordinary Meeting of the Third Board of Directors of Huaxi Village was held on March 25th, and the Proposal on the Company’s Acquisition of 75% Equity of Jiangyin Chengyi Storage Co., Ltd. owned by Chenghua International Co., Ltd. was reviewed and approved.

  48. (000973) Fosu shares: lease matters.

  On March 21st, 2008, Fosu Co., Ltd. signed the Workshop and Equipment Lease Contract with Wuxi Zhenghan Iron and Steel Trading Co., Ltd., and the company plans to lease the 9,189.69 square meters workshop and a batch of equipment (including power supply facilities) located at No.226 Fenglin Road, Chancheng District, Foshan City to Zhenghan Company for use.

  The rent is 1.1 million yuan per year and 1.1 million yuan per year (that is, 91,666.67 yuan/month).

  The lease term is five years from April 1, 2008 to March 31, 2013.

  This transaction does not constitute a connected transaction.

  49. (002001) Xinhecheng: On March 28th, an online briefing on the 2007 annual report was held.

  Xinhecheng will hold the 2007 annual report briefing session on the online platform provided by Shenzhen Securities Information Co., Ltd. from 15: 00 to 17: 00 on Friday, March 28, 2008. This annual report briefing session will be held by remote network, and investors can visit Panorama: http://irm.p5w.net to participate in the annual report briefing session.

  Present at the briefing session of this annual report were Mr. Hu Baifan, Chairman of the Company, and others.

  50. (002030) Daan Gene: Main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.28

  2. Net assets per share (RMB) 2.43

  3. ROE (%) 11.49

  2. Send 2 shares for every 10 shares, and send 1.3 yuan (including tax) to increase 4 shares.

  51. (002030) Daan Gene: The 2007 Annual General Meeting of Shareholders was held on April 16th.

  (1) Meeting time: starting at 9:30 am on April 16th, 2008.

  (II) Venue: Lecture Hall, 1st floor, No.19 Xiangshan Road, Guangzhou Economic and Technological Development Zone, Guangdong Province.

  (III) Convening method: on-site convening.

  (4) date of record: April 9, 2008

  (V) Agenda of the meeting: Proposal on Profit Distribution and Capitalization of Capital Reserve Fund in 2007, Annual Report of 2007 and its summary, etc.

  52. (002036) Yike Technology: The board of directors agreed to invest in the establishment of Ningbo Hanma Industrial Product Development Co., Ltd.

  The fifth meeting of the third board of directors of Yike Technology was held on March 25th, and it was agreed that the company and the holding company-Hanma Industrial Investment Holding Co., Ltd. jointly invested to establish Ningbo Hanma Industrial Product Development Co., Ltd. The registered capital of Ningbo Hanma Company is RMB 18 million, of which RMB 9 million is contributed by the company, accounting for 50% of the registered capital; Hanma Holdings invested 9 million yuan, accounting for 50% of the registered capital.

  53. (002048) Ningbo Huaxiang: The performance in the first quarter of 2008 is expected to increase by 60%-90%.

  Ningbo Huaxiang’s estimated performance in the first quarter of 2008: the net profit attributable to the owners of the parent company increased by 60%-90% compared with the same period of last year.

  The reasons are:

  1. The domestic passenger car industry has maintained a rapid development. The company’s main customers, Shanghai Volkswagen, FAW-Volkswagen, Shanghai GM and FAW Toyota, rank in the top ten in sales volume, and the sales volume of the company’s supporting parts has also increased.

  2. The products supplied by the company have developed in the direction of assembly and modular supply. The batch supply of assembly finished products has improved the matching value of bicycles, thus driving the rapid growth of the company’s sales revenue and profitability.

  3. The company’s related foreign investment in 2007 generated benefits.

  54. (002064) huafeng spandex: The transaction fluctuated abnormally.

  As of March 25th, 2008, the deviation of daily closing price of huafeng spandex stock has reached 20% in three consecutive trading days, which is an abnormal fluctuation of stock trading.

  The company’s net profit in the first quarter of 2008 is expected to drop by less than 50% compared with the same period of last year. Except for the above matters, the company’s business activities are normal, and there is no information that should be disclosed but not disclosed at present.

  55. (002065) Donghua Hechuang: The Board of Directors adopted the working rules for the review of the annual report of the Audit Committee of the Board of Directors.

  The third meeting of the third board of directors of Donghua Hechuang was held on March 25th, 2008, and the following resolutions were passed:

  1. Measures for the Administration of the Company’s Shares Held by Directors, Supervisors and Senior Management and Their Changes;

  2. Working Rules for Review of the Annual Report of the Audit Committee of the Board of Directors of the Company;

  3. Work System for Annual Reports of Independent Directors of the Company.

  56. (002078) Sun Paper: The board of directors passed the proposal of external guarantee of the company’s holding subsidiary.

  The 13th Board of Directors of the third session of Sun Paper was held on March 25th, and the Proposal on External Guarantee of the Company’s Holding Subsidiary was reviewed and approved.

  57. (002083) Vosges shares: The annual general meeting of shareholders adopted the company’s annual report for 2007 and its summary.

  The 2007 annual general meeting of shareholders of Vosges was held on March 25th, and the following proposals were reviewed and passed:

  1. Work Report of the Board of Directors for 2007;

  2. Work Report of the Board of Supervisors in 2007;

  3. Annual Report of the Company in 2007 and its Summary;

  4. Report on the Company’s 2007 Annual Financial Statements;

  5. Proposal on the Company’s Profit Distribution in 2007 and Converting Capital Reserve into Share Capital;

  6. Proposal on Determining Allowances for Independent Directors;

  7. Proposal on Remuneration of Directors, Supervisors and Senior Management;

  8. Proposal on Planning to Apply to Agricultural Development Bank for Comprehensive Credit of not more than 1 billion yuan;

  9. Proposal on Providing a Total Guarantee of RMB 1.2 billion for Shandong Vosges Photovoltaic Technology Co., Ltd., a wholly-owned subsidiary;

  10. Proposal on Renewing the Appointment of PricewaterhouseCoopers Zhongtian Certified Public Accountants.

  58. (002093) Guomai Technology: external guarantee of holding subsidiary.

  Guomai Zhongxun Network Technology (Hong Kong) Co., Ltd., a wholly-owned subsidiary of Guomai Zhongxun Network Technology Co., Ltd., a holding subsidiary of Guomai Technology, applied to CITIC Ka Wah Bank for a loan with a total amount of no more than US$ 6 million for a period of no more than eight months.

  On March 25th, 2008, Guomai Zhongxun provided guarantee for the loan that Guomai Zhongxun (Hong Kong) applied for with a total amount of no more than USD 6 million. As of the date of this announcement, Guomai Zhongxun provided guarantee for the loan of Guomai Zhongxun (Hong Kong) with a total amount of USD 14 million (USD: RMB =1:7.09), equivalent to RMB 99.26 million, accounting for the company (including holding subsidiaries).

  59. (002096) Nanling civil explosion: main financial indicators and distribution plan of 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.635.

  2. Net assets per share (RMB) 4.74

  3. ROE (%) 13.39

  Two, every 10 shares to send 3 yuan (including tax) to increase by 5 shares.

  60. (002096) Nanling Civil Explosion: The 2007 Annual General Meeting of Shareholders was held on April 21st.

  (1) Time of the meeting: 9:00 am on April 21st, 2008.

  (II) Form of meeting: on-site meeting.

  (3) Place of the meeting: Nanhua Hotel, Yongzhou City, Hunan Province.

  (4) date of record: April 16, 2008

  (5) Convenor of the meeting: the board of directors of the company.

  (VI) Matters to be considered: Plan for Profit Distribution and Capital Reserve Fund Transfer to Share Capital in 2007, Annual Report and Summary of Annual Report of the Company in 2007, etc.

  61. (002123) Rongxin shares: 23,201,961 shares issued before the initial public offering were listed and circulated on March 28th.

  The number of shares issued before the initial public offering of Rongxin was 24,953,528, and the actual number of shares available for listing and circulation was 23,201,961. The listing and circulation date was March 28, 2008.

  62. (002132) Stellar Technology: Prompt for Holding the 2007 Annual General Meeting of Shareholders on March 30th.

  1. Meeting time: 9:00 am on March 30th, 2008 (Sunday).

  2. Meeting place: company meeting room.

  3. Convenor of the meeting: the board of directors of the company.

  4. Mode of meeting: on-site meeting.

  5. date of record: March 26th, 2008.

  6. Meeting topics: 2007 Annual Report and Summary of the Company, 2007 Profit Distribution Plan of the Company, etc.

  63. (002133) Guangyu Group: 12 million yuan was awarded by the government.

  According to the relevant documents issued by Shangcheng District People’s Government of Hangzhou on February 3, 2008, in order to encourage the successful listing of Guangyu Group, the government gave the company a listing reward and support of 12 million yuan. The company has recently received this fund.

  64. (002144) Hongda Warp Knitting: Notice of Holding the 2007 Annual General Meeting of Shareholders on April 18th.

  (1) Meeting time: 2 pm on Friday, April 18th, 2008.

  (2) date of record: April 11, 2008

  (III) Meeting place: conference room on the 10th floor of Hongda Building, No.218 Haizhou Road, Haining.

  (IV) Method of convening the meeting: voting on the spot.

  (5) Convenor of the meeting: the board of directors of the company.

  (VI) Matters considered at the meeting: Company II? ? Full text and abstract of seven-year annual report, Company II? ? Seven-year profit distribution plan of the company, etc.

  65. (002144) Hongda Warp Knitting: Main financial indicators and distribution plan of 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.23

  2. Net assets per share (RMB) 2.75.

  3. ROE (%) 7.09

  2. Send 1 yuan for every 10 shares (including tax).

  66. (002151) Big Dipper: Main financial indicators and distribution plan of 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.85.

  2. Net assets per share (RMB) 4.74

  3. ROE (%) 14.82

  Two, every 10 shares of 2.5 yuan (including tax) increased by 7 shares.

  67. (002151) Big Dipper: The 2007 Annual General Meeting of Shareholders was held on April 16th.

  1. Meeting time: 9: 00 am on April 16th, 2008.

  2. Meeting place: the second meeting room of the company.

  3. Convenor of the meeting: the board of directors of the company

  4. Method of meeting: On-site voting.

  5. date of record: 11 April 2008

  6. Matters to be considered at the meeting: 2007 Annual Report and its summary, 2007 Profit Distribution Plan, etc.

  68. (002154) Good news bird: the performance in the first quarter of 2008 is expected to increase by 45%-75%.

  The good news bird predicts that the net profit attributable to the owners of the parent company will increase by 45%-75% in the first quarter of 2008 compared with the same period of last year.

  The reasons are as follows: with the promotion of brand awareness and reputation, the added value of the brand has increased, the sales revenue has increased, the gross profit margin has increased, and the corporate income tax rate has decreased from 33% to 25%.

  69. (002165) Hongbaoli: The distribution plan for 2007 was implemented, and every 10 shares were sent to 3 yuan (including tax) and 5 shares were added.

  Hongbaoli’s profit distribution and capitalization of capital reserve fund in 2007. This plan is to distribute cash bonus 3 yuan for every 10 shares (including tax, after tax deduction, individual shareholders and investment funds actually send 2.7 yuan cash for every 10 shares), and increase 5 shares for every 10 shares.

  Date of record: April 2, 2008;

  Ex-dividend date: April 3, 2008;

  The dividend payment date is April 3, 2008.

  70. (002167) Dongfang Zirconium Industry: The 2007 Annual General Meeting of Shareholders was held on May 15th.

  1. Meeting time: 03:00 pm on Thursday, May 15th, 2008.

  2. Meeting place: conference room on the fourth floor of the company office building.

  3. Convenor: the board of directors of the company.

  4. Convening method: on-site voting.

  5. date of record: May 9, 2008

  6. Matters considered at the meeting: Profit Distribution Plan of the Company in 2007, Annual Report and Summary of the Company in 2007, etc.

  71. (002167) Dongfang Zirconium Industry: Main financial indicators and distribution plan in 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.51

  2. Net assets per share (RMB) 4.29

  3. ROE (%) 9.74

  2. Send 0.5 yuan for every 10 shares (including tax).

  72. (002172) Aoyang Technology: The annual general meeting of shareholders adopted the company’s 2007 annual report and its summary.

  Aoyang Technology’s 2007 Annual General Meeting of Shareholders was held on March 25th, and the following resolutions were passed:

  1. Report on the Work of the Board of Directors in 2007;

  2. Work Report of the Board of Supervisors of the Company in 2007;

  3. Report on the Company’s 2007 Annual Financial Statements;

  4. Annual Report of the Company in 2007 and its Summary;

  5. Special Report on the Use of Funds Raised by the Company in 2007;

  6. The Company’s 2007 Annual Profit Distribution and the Plan for Converting Capital Reserve Fund into Capital Stock;

  7. Proposal of the Audit Committee’s Resolution on Renewing the Appointment of Accounting Firms;

  8. Proposal on Allowances and Expenses of Independent Directors;

  9. Proposal on Daily Related Party Transactions of the Company in 2008.

  73. (002185) Huatian Technology: Main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.6052

  2. Net assets per share (RMB) 4.53

  3. ROE (%) 10.25

  2. Transfer 5 shares for every 10 shares.

  74. (002185) Huatian Technology: The 2007 Annual General Meeting of Shareholders was held on April 18th.

  1. Convenor of the meeting: the board of directors of the company.

  2. Meeting time: 10:00 am on Friday, April 18th, 2008.

  3. Meeting place: Meeting room on the 7th floor of Huatian Apartment, No.14 Shuangqiao Road, Qinzhou District, Tianshui City, Gansu Province.

  4. Voting method at the meeting: on-site voting method.

  5. date of record: April 11th, 2008.

  6. Meeting Matters: 2007 Annual Report and Summary, 2007 Profit Distribution and Plan for Converting Capital Reserve into Capital Stock, etc.

  75. (002189) Lida Optoelectronics: Main financial indicators and distribution plan of the 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.21

  2. Net assets per share (RMB) 2.26

  3. ROE (%) 7.03

  2. Send 0.5 yuan for every 10 shares (including tax).

  76. (002189) Lida Optoelectronics: The 2007 Annual General Meeting of Shareholders was held on April 20th.

  I. Meeting time: 9:00 am on April 20, 2008.

  2. Meeting place: Meeting room on the third floor of Building 103 of the Company.

  III. Convenor of the meeting: the board of directors of the company.

  Iv. mode of meeting: voting by on-site voting.

  V. date of record: April 14, 2008

  Vi. Matters considered at the meeting: Profit Distribution Plan for 2007, Annual Report for 2007 and Summary of Annual Report for 2007, etc.

  77. (002194) Wuhan Fangu: Main financial indicators and distribution plan of 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 1.3925

  2. Net assets per share (RMB) 7.9126

  3. ROE (%) 13.54

  2. Transfer 10 shares for every 10 shares.

  78. (002194) Fangu, Wuhan: On April 2nd, an online briefing session on the 2007 annual report was held.

  Wuhan Fangu is scheduled to hold an annual report briefing session on the online platform provided by Shenzhen Securities Information Co., Ltd. from 15: 00 to 17: 00 on Wednesday, April 2, 2008. The annual report briefing session will be held by remote network, and investors can log on to the investor interaction platform: http://irm.p5w.net to participate in this briefing session.

  Present at the briefing session of this annual report were Mr. Meng Qingnan, Chairman of the Company, and others.

  79. (002194) Wuhan Fangu: The 2007 Annual General Meeting of Shareholders was held on April 16th.

  (I) Convenor of the meeting: the board of directors of the company.

  (II) Convening time: 9: 30am on Wednesday, April 16th, 2008.

  (3) date of record: April 10, 2008

  (IV) Venue of the on-site meeting: No.1 conference room on the fourth floor of Denso Building of the company.

  (V) Convening method: on-site voting method.

  (VI) Matters considered at the meeting: 2007 Annual Report of the Company and its summary, 2007 Annual Profit Distribution Plan of the Company, etc.

  80. (002204) Huarui Cast Steel: On March 31, 2007, an online presentation meeting on the annual performance was held.

  Huarui Cast Steel will hold an online presentation on its 2007 annual performance on the online platform provided by Shenzhen Securities Information Co., Ltd. from 15: 00 to 17: 00 on Monday, March 31, 2008. This performance online briefing will be held in a remote way. Investors can visit Panorama http://irm.p5w.net to participate in the annual report briefing.

  Present at the performance briefing were Mr. Song Jiajing, the chairman of the company, and others.

  81. (002208) Hefei Urban Construction: The Board of Directors adopted the Articles of Association (amendment).

  The 10th meeting of the 3rd Board of Directors of Hefei Urban Construction was held on March 24th, 2008, and the following resolutions were passed:

  1. Rules of Procedure of the Board of Directors (Amendment);

  2. Rules of Procedure for Shareholders’ General Meeting (Amendment);

  3. Articles of Association (Amendment);

  4. Work System for Independent Directors (Amendment);

  5. Decision System for Related Party Transactions (Amendment);

  6. Rules on Major Decision-making Procedures (Revised);

  7. Management System of Raised Funds (Amendment);

  8. Information Disclosure System (Amendment);

  9. The Management System of Executive Stock Ownership and Its Change;

  10. Investor Relations Management System;

  11. Work System for Annual Reports of Independent Directors;

  12. Work Rules for the Annual Report of the Audit Committee.

  82. (002216) Sanquan Food: The board of directors passed the proposal of replacing the self-raised funds of the investment projects that have been invested with raised funds in advance with raised funds.

  The 6th meeting of the 3rd Board of Directors of Sanquan Food was held on March 25th, 2008, and the following resolutions were passed:

  I. Proposal on Replacing Self-raised Funds of Investment Projects with Raised Funds in advance.

  II. Proposal on Resignation of Ms. Li Rong as Deputy General Manager.

  83. (002219) Unique flavor: The 2007 annual general meeting of shareholders was held on April 18th.

  1. Convening time: April 18th, 2008 (Friday) from 9: 00 am to 12: 00 am, with a duration of half a day.

  2. date of record: April 11th, 2008.

  3. Meeting place: Jiayuan International Hotel, No.181 Airport Road, Chengdu.

  4. Convenor of the meeting: the board of directors of the company.

  5. Meeting method: on-site voting.

  6. Meeting topics: Proposal on Profit Distribution in 2007, etc.

  84. (200152) Shandong Airlines B: The 2007 Annual General Meeting of Shareholders was held on April 22nd.

  1. Meeting time: April 22, 2008 at 10:00 am, with a duration of half a day.

  2. Meeting place: meeting room on the 31st floor of Shandong Aviation Building, No.5746, Second Ring East Road, Lixia District, Jinan.

  3. Convenor: the board of directors of the company.

  4. Convening method: on-site voting.

  5. date of record: April 17, 2008

  6. Matters considered at the meeting: 2007 Annual Report of the Company and its summary, 2007 Profit Distribution Plan of the Company, etc.

  85. (200429) Guangdong Expressway A: Major events, the company’s shares were suspended from March 26th.

  Guangdong Expressway A is planning major asset restructuring matters, and will provide policy consultation and scheme demonstration to relevant departments within five working days after the publication of this announcement, so there are still uncertainties in related matters.

  In order to protect the interests of investors and avoid significant impact on the company’s stock price, the company’s stock was suspended from March 26, 2008 upon the company’s application.

  86. (200488) Chenming Paper Co., Ltd.: It intends to continue to provide guarantee for the relevant holding subsidiaries to apply for the comprehensive credit line of RMB in 2008.

  On March 24, 2008, the sixth meeting of the fifth board of directors of Chenming Paper reviewed and passed the "Proposal on Providing Guarantee for Holding Subsidiaries to Apply for Bank Credit Line". The 2007 annual credit guarantee provided by the company for its holding subsidiaries has expired one after another. In order to ensure the normal production and operation of each holding subsidiary, the company intends to continue to provide guarantee for the relevant holding subsidiaries to apply for the comprehensive credit line of RMB in 2008, with a total guarantee amount of 2.25 billion yuan and a term of one year.

  87. (200530) Great Cold B: Abnormal fluctuations in stock trading.

  The trading price of Dalang B stock was abnormal in the two consecutive trading days from March 24 to 25, 2008, which was a stock price change.

  At present, the company does not have any matters or information that should be disclosed but not disclosed.

  88. (200625) Changan Automobile: Main financial indicators and distribution plan of 2007 annual report.

  I. Main financial indicators of the 2007 annual report

  1. Earnings per share (RMB) 0.34

  2. Net assets per share (RMB) 3.89

  3. ROE (%) 8.81

  2. Transfer 2 shares for every 10 shares.

  89. (200625) Changan Automobile: The 2007 Annual General Meeting of Shareholders was held on April 25th.

  (1) Convening time: 9:00 am on April 25th, 2008.

  (II) Venue: Multimedia Meeting Room of Chang ‘an Science and Technology Building, No.260 Jianxin East Road, Jiangbei District, Chongqing.

  (3) Convenor: the board of directors of the company.

  (4) Convening method: on-site voting method.

  (5) date of record: April 18, 2008.

  (VI) Matters to be considered at the meeting: 2007 annual report and summary, profit distribution in 2007 and plan for converting capital reserve into share capital, etc.

Editor: Zhou Zhongxiao

Legal Interpretation of Wu Xiaohui’s Case —— Interview with Ruan Qilin, a professor at China University of Political Science and Law

  Xinhua News Agency, Shanghai, March 28th Title: Legal interpretation of Wu Xiaohui’s case &mdash; &mdash; Interview with Professor Ruan Qilin of China University of Political Science and Law

  Xinhua News Agency reporter Chen Fei, Huang Anqi

  On March 28th, the Shanghai No.1 Intermediate People’s Court held a trial in the first instance to hear the case of Wu Xiaohui, the former chairman and general manager of Anbang Property Insurance Group Co., Ltd., who was suspected of fund-raising fraud and duty embezzlement. Weibo, the official of Shanghai No.1 Intermediate People’s Court, made a summary of the trial. The reporter interviewed Professor Ruan Qilin, an expert in criminal law and China University of Political Science and Law, and asked him to analyze and interpret the main legal issues involved in this case according to the facts and evidence of the case published by Guan Wei of Shanghai No.1 Intermediate People’s Court, as well as the relevant information published by relevant departments and media before.

  Reporter: From the main criminal facts and evidence that the procuratorate accused the defendant of being suspected published by Weibo, the official of Shanghai No.1 Intermediate People’s Court, how do you think to evaluate the nature of these behaviors of the defendant in criminal law? What kind of serious social harm do these behaviors have?

  Ruan Qilin: Defendant Wu Xiaohui used Anbang Property Insurance as a financing platform, and the amount of illegally selling investment-type insurance products exceeded the scale approved by the China Insurance Regulatory Commission, reaching more than 720 billion yuan, which was illegal. According to Article 1 of the Supreme People’s Court’s Interpretation on Several Issues Concerning the Specific Application of Laws in the Trial of Illegal Fund-raising Cases, (1) those who, without the approval of the relevant departments according to law, (2) publicize in the society, and (3) promise to repay the principal and interest or pay a return, and absorb funds from the public are illegal to absorb public deposits. Although Anbang Property Insurance controlled by Wu Xiaohui has been approved by the relevant departments to issue investment-type insurance products according to law, it is far beyond the scale of sales approved by the China Insurance Regulatory Commission (over-raised), and the over-raised part should be considered as "not approved by the relevant departments according to law", which is illegal. Its over-raised part is staggering, reaching more than 720 billion yuan, which contains great financial risks and has extremely serious social harm.

  Defendant Wu Xiaohui, in the above-mentioned illegal fund-raising process, first, used deception to secretly increase the capital of Anbang Group and Anbang Property Insurance by over-raised premium funds of more than 77 billion yuan. According to the relevant regulations, shareholders must increase their capital to insurance companies with their own funds, and Wu Xiaohui secretly converted the premium funds raised in excess into shareholders’ funds as capital increase for Anbang Property Insurance and Anbang Group, which violated the law and invented solvency to the CIRC and the public. At the same time, Wu Xiaohui manipulated Anbang Group and Anbang Property Insurance to modify profits, adjust data, disclose false information, and continue to make false propaganda to the public. Deceive the public to buy its investment insurance products, resulting in a sharp expansion of the scale of over-raising. Second, illegal possession of huge illegal fund-raising funds (over-raised premiums). After Anbang Property & Casualty sold investment insurance with a predetermined income in its own name, according to Wu Xiaohui’s request, it concealed the over-raised premium to Anbang Group or transferred it to the industrial company actually controlled by Wu Xiaohui, leaving the supervision of the China Insurance Regulatory Commission and other regulatory authorities, thus realizing the purpose of Wu Xiaohui’s illegal possession of huge premium funds by himself or through the industrial company actually controlled by himself, and actually causing a fund gap of 65.2 billion yuan. Wu Xiaohui can only repay the old premium gap with new premium income, and so on, with the Ponzi scheme. According to Article 192 of the Criminal Law, "those who illegally raise funds by deception for the purpose of illegal possession &hellip; &hellip;” It constitutes a crime of fund-raising fraud.Wu Xiaohui used deception to illegally raise funds and illegally took some of the funds for himself, which was suspected of constituting a crime of fund-raising fraud.

  At the same time, the defendant Wu Xiaohui took advantage of his position to instruct others to transfer the original Anbang property insurance premium to the industrial company he actually controlled for his own use by means of transfer without accounting, which met the constitutive requirements of the crime of occupational embezzlement, and the amount was 10 billion yuan, which was extremely huge.

  Reporter: We noticed that the defendant’s illegal fund-raising behavior in this case was carried out by insurance institutions. In judicial practice, how to determine the illegality of the actual controller using legal financial institutions to raise funds illegally? How to identify its criminal purpose? How to distinguish between unit crime and individual crime of natural person?

  Ruan Qilin: These questions you asked are very professional. First of all, about the illegality of this behavior. Although Anbang Property Insurance is a legal financial institution, its issuance of investment-type insurance products must be approved by the CIRC according to relevant regulations. It is illegal to sell investment insurance products without the approval of the CIRC or beyond the sales scale approved by the CIRC. Because super-scale sales and illegal fund-raising have the same financial risks and are equally harmful to investors. Moreover, because it is a legal financial institution, it is easier to gain the trust of the public, and it can quickly expand the scale of illegal fund-raising to form greater financial risks, which is more harmful to society. The scale of illegally raised funds in this case has rapidly expanded to more than 720 billion yuan, which is closely related to Wu Xiaohui’s use of the signboard of Anbang Property Insurance legal financial institutions. After the incident, the relevant government departments immediately took over Anbang Group, which reflected the seriousness of the financial risks it created and forced the government departments to take over. In recent years, illegal fund-raising cases, such as the largest "Easy Rent Treasure" case, involved only tens of billions of yuan, which is a drop in the bucket compared with the scale of illegal fund-raising in this case. The amount that this case was illegally occupied and could not be returned reached more than 65 billion yuan, far exceeding the fund-raising fraud cases such as "Easy Rent Treasure".

  Secondly, about the defendant’s criminal purpose. According to Article 2 of the Supreme People’s Court’s Interpretation on Several Issues Concerning the Specific Application of Laws in the Trial of Illegal Fund-raising Cases, if illegal fund-raising by deception has one of the following circumstances, it can be considered as "for the purpose of illegal possession": (2) wantonly squandering fund-raising funds, resulting in the non-return of fund-raising; &hellip; &hellip; (5) Evading, transferring funds, concealing property and evading the return of funds; &hellip; &hellip; (8) Other circumstances in which the purpose of illegal possession can be identified. In this case, the defendant used fictitious equity investment, false shareholder dividends and other means to transfer the investment-type insurance product funds raised by Anbang Property Insurance to the industrial company actually controlled by him for possession and use, and has caused more than 65 billion yuan of premium funds to be returned. Enough to identify the purpose of illegal possession.

  Third, whether it is a unit crime or an individual crime. This case should be considered as an individual crime such as the defendant, and should not be considered as a unit crime. First, the unit crime should reflect the unit will, while the management of Anbang Group, Anbang Property Insurance and other Anbang companies all reflect Wu Xiaohui’s personal will, which does not conform to the company’s operating rules and cannot make Wu Xiaohui’s personal will rise to the unit will. Second, the essential feature of unit crime is "for the benefit of the unit". A large number of facts in this case show that Wu Xiaohui made a personal decision and sought personal interests. According to Article 3 of the Supreme People’s Court’s Interpretation on Relevant Issues Concerning the Specific Application of Law in the Trial of Unit Crimes: "Whoever embezzles the name of a unit to commit a crime, and the illegal income is divided among the individuals who commit the crime, shall be convicted and punished in accordance with the provisions on crimes committed by natural persons". In this case, Wu Xiaohui illegally took tens of billions of premium funds for himself, which should be considered as a natural person crime. At the same time, in this case, Zhongyuan Anbang Property Insurance and Anbang Group had to bear the responsibility of paying more than 720 billion yuan of wealth management products illegally raised by Wu Xiaohui and others because of their illegal fund-raising and illegal possession of premium funds. It has suffered huge economic losses and financial risks, and it is also a victim.

  Reporter: Generally, fund-raising fraud cases will cause great losses to fund-raising participants, but there is no actual loss of the insured in this case. Excuse me, Professor Ruan, does this situation affect the criminal evaluation?

  Ruan Qilin: Actually, Anbang Property Insurance has already taken great risks. According to today’s trial, the total assets of Wu Xiaohui’s personal and industrial companies at the time of the incident were far below the funding gap. Wu Xiaohui has hollowed out Anbang Property Insurance by using false capital injection, false investment, and various pretexts to transfer premiums. Once the capital chain breaks, millions of investors will suffer huge losses. Fortunately, the government supervision department found the huge redemption risk in time, took over Anbang Group urgently, and went all out to prevent the risk from expanding. That is to say, the actual loss of investors has not yet occurred in this case, which is entirely due to the fact that the government regulatory authorities prevented Wu Xiaohui and others from committing crimes of illegal fund-raising and taking over Anbang Group. This should not reduce Wu Xiaohui and others’ guilt of encroaching on the original Anbang property insurance and Anbang Group property, using fraudulent methods to illegally raise funds and illegally occupying fund-raising funds.

  Reporter: Wu Xiaohui’s two criminal facts in the prosecution are that he took the funds of financial institutions as his own, but some of them were identified as fund-raising fraud and some as duty crimes. Why are these two parts of criminal facts evaluated differently in law? Why can’t it be regarded as the crime of illegal use of funds?

  Ruan Qilin: In the case of basically the same criminal modus operandi, the public prosecutor found that Wu Xiaohui constituted the crime of fund-raising fraud and the crime of occupational embezzlement respectively. The criteria for such identification were based on the nature of illegally occupied funds.

  Generally speaking, after an investor buys the products of an insurance company, the funds are actually owned and controlled by the insurance company, and the actual controller’s transfer of possession by taking advantage of his position should be regarded as a duty crime or a crime of illegal use of funds. All the illegally occupied funds come from Anbang’s legal premium income.

  In order to obtain a large amount of funds, the actual controller used financial institutions as a tool to illegally absorb funds from the public. For example, in this case, Wu Xiaohui sold investment-type insurance products beyond the scale approved by the China Insurance Regulatory Commission, which was illegal in fund-raising, and the defendant illegally transferred and occupied the huge amount of funds in illegal fund-raising. The illegally occupied funds came from the premium funds of investment products that Anbang had overpaid (illegally raised funds). In illegal fund-raising, using deception to illegally raise funds and transfer the illegal fund-raising funds for possession is a related act under the deliberate control, that is, illegal fund-raising and illegal possession of fund-raising funds, which cannot be divided and should be evaluated as a whole. Therefore, it is reasonable to identify this part as fund-raising fraud.

  The crime of illegal use of funds is the illegal use of funds managed by the relevant management institutions in violation of state regulations. This crime cannot cover or include illegal sources of funds and illegal possession of funds. Wu Xiaohui, the defendant in this case, used Anbang Property Insurance to sell insurance products beyond the approved scale, which was illegal fund-raising, and this illegal fund-raising behavior could not be included in the crime of illegal use of funds. That is to say, the crime of illegal use of funds can only evaluate the illegal use of funds, but it cannot or is not enough to evaluate the illegal source of funds, that is, it cannot include the evaluation of illegal fund-raising behavior. For Wu Xiaohui’s illegal fund-raising behavior, only the crime of illegally absorbing public deposits or the crime of fund-raising fraud can accurately evaluate the illegality of his obtaining funds. In addition, the crime of illegal use of funds can not cover the illegal possession of funds, and the crime of fund-raising fraud can include not only the illegal acquisition of funds, but also the illegal possession of illegally acquired funds, as well as the domination, use and punishment on the basis of illegal possession. Therefore, only the crime of fund-raising fraud can completely evaluate Wu Xiaohui’s illegal fund-raising and illegal possession of illegally raised funds. If the crime of illegal use of funds is found, the evaluation of its illegal fund-raising and illegal possession of funds is omitted, and all its behaviors are not completely evaluated.