"The Informer."

Nursery "Talk about love and dance" Zhang Jiahui "Smell the fragrance and know the woman"

　　　　　　　 The 2010 most affectionate police and bandit blockbuster "Informer", jointly produced by Huayi Brothers, Emperor Film, and Yindu Organization, and jointly created by the original cast of the Golden Horse and the Academy Awards in 2009, was first exposed on August 2, allowing audiences to incarnate as "informants" and explore their own ultimate version of "Informer" from the "clues" of the stills.

Zhang Jiahui Nursery’s "Informer" Continues Its Front

　　　　　　　 The first exposure of the scene is the opposite play between the six-star actor Zhang Jiahui and the temperament actress Nursery. The two have a good relationship through "Witness", and they have joined hands for the second time in "Informant", and they are already emotionally familiar. Zhang Jiahui laughed and said that playing husband and wife for the second time is a delicate fate, and I am very happy to renew the relationship with her. Zhang Jiahui also praised the nursery’s acting skills as more mature than "Witness". "This time in" Informant ", the actors have more inner scenes, and everyone is burdened with different burdens. It is not easy to master the role, and it takes a lot of thought to understand. I can see that she is very hard-working, and she is willing to ask others humbly, and she is a very malleable actor."

　　　　　　　 The nursery also praised Zhang Jiahui’s dedication, "I really appreciate his professionalism and attitude, and I also regard him as my learning object." The two of them had such a tacit understanding, and the director was naturally reluctant to "let down" this relationship. He simply slowed down in the fast pace of the movie, and let the two of them talk about love through dance, express their feelings and passion with their bodies, and interlock their eyes and ten fingers tightly. The affectionate index is directly comparable to that of Hollywood classics. In that moment, the hurried time and space faded from irritability, in exchange for the beauty of silence.

Nursery "Talk about love and dance" Zhang Jiahui "Smell the fragrance and know the woman"

　　　　　　　 The humble Mr. Cheung laughs that he is "as stiff as a robot, remembering the dance steps in his mind but forgetting the dialogue. It is always difficult to connect the two things." He also feels sorry for his wife in the play, saying that he is "often half a beat slower, stepping on the instep of the nursery, causing her to have a big shoe print on her foot, which is really embarrassing." But the nursery clearly disagrees with him. She readily says that "Jiahui shouts hard on the surface, but in fact it does not affect his performance. When others are resting, he practices hard, and every detail is perfect." For her, she was also very happy to be able to use her dance expertise in "The Informer", and she liked this scene even more. "I like this scene the most in the movie, because the husband and wife dance in love, which is really romantic."

　　　　　　　 Although Zhang Jiahui claimed that the dance drama was sad and the action drama was sad, he still used his delicate acting skills to prove that the name of the best actor was not a lie. His gentle embrace, affectionate gaze, and complex emotions made Jiahui dance this dance vividly, and his personal style was like that of Al Pacino. However, he was still unwilling to be arrogant and showed the elegance of a gentleman’s atmosphere in silence, in line with the affectionate and righteous but implicit and low-key style of "The Informer".

　　　　　　　 Watch the stills of "The Informer" and create your own version of the ultimate "The Informer". On August 26, Hong Kong, mainland China, made a strong debut at the same time. The most emotional police and bandit blockbuster in the summer of 2010, emotional detonation, ready to go.

1. The United States has raised tariffs on 200 billion US dollars of Chinese goods exported to the United States

According to the Ministry of Commerce, the US has raised the tariff on US $200 billion of Chinese goods from 10% to 25%. China deeply regrets this and will have to take necessary countermeasures. The 11th round of China-US high-level economic and trade consultations is underway. It is hoped that the US and China will meet each other halfway and make joint efforts to solve the existing problems through cooperation and consultation.

Liu He, a member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Chinese leader of the China-US Comprehensive Economic Dialogue, arrived in Washington on the 9th and will hold the 11th round of China-US high-level economic and trade consultations with the US side. Liu He told the media after his arrival that he came with sincerity and hoped to confer with the US side rationally and frankly under the current special situation. China believes that the imposition of tariffs is not a solution to the problem, which is not good for China and the United States and not good for the world.

9 car companies will be divided into 29.06 million yuan, and Beijing will announce the details of the third batch of new energy vehicle subsidies in 2019

On May 7, the Beijing Economic and Information Bureau announced the details of the third batch of financial subsidies for new energy vehicles that Beijing plans to allocate in 2019. In 2019, Beijing plans to allocate the third batch of new energy vehicle subsidies involving 976 new energy vehicles from 9 companies, and plans to allocate funds of 29.058306 million yuan.

Hainan released the 2019-2030 charging facility plan, and it is expected to push 1 million vehicles/build 940,000 piles by 2030

On May 5, the General Office of Hainan Province issued the "Notice on Printing and Distributing the Planning of Electric Vehicle Charging Infrastructure in Hainan Province (2019-2030) ", which stated that by 2030, Hainan electric vehicles will be promoted and applied in a total of about 1 million vehicles, reaching a total of 940,000.

4. Hainan is perfect, and the purchase will no longer be given from June 26

On May 5, the Hainan Provincial Department of Finance, the Department of Industry and Information Technology, and the National Development and Reform Commission jointly issued a notice requiring relevant local departments to do a good job in the promotion and application of new energy vehicles, and further improve the finance for the promotion and application of new energy vehicles in accordance with the notice requirements of relevant national ministries and commissions. Local subsidies will continue to be given to the purchase of licensed vehicles during the transition period from March 26 to June 25, 2019. From June 26 this year, the purchase of licensed vehicles (except for new energy buses and fuel vehicles, the subsidy policy for new energy buses and fuel cell vehicles will be announced separately), provinces and cities and counties will no longer give local purchase subsidies.

5. South Korea may stop providing subsidies for Chinese-made electric vehicles

Recently, a South Korean automaker lobby group called on the government to stop subsidies for Chinese-made electric vehicles, on the grounds that electric vehicles equipped with Korean batteries in the Chinese market are not subsidized, and subsidies for Chinese electric vehicles will threaten local electric vehicle manufacturers. At the same time, according to data, South Korea’s electric vehicle subsidy for foreign automakers was 16.50 million US dollars (equivalent to about RMB 110 million) last year, and Chinese automakers including 40% (equivalent to about RMB 44.44 million) share.

6. France and Germany form an electric vehicle battery alliance, with members including PSA/Saft

According to a report by Reuters on April 29, a German official said on April 29 that France and Germany have asked the European Commission to approve state subsidies for their multinational battery alliance. The alliance includes carmaker PSA Group and its German unit Opel Automobile, as well as French battery maker Saft. France and Germany have allocated a total of $1.90 billion to support the alliance of companies, thereby reducing the dependence of European automakers on Asian suppliers and protecting the impact of reducing the use of internal combustion engines on employment.

7.//Release production and sales data for April

Recently, BAIC New Energy, Jianghuai Automobile, and Geely Automobile released production and sales reports for April. Among them, BAIC New Energy sold 5,009 units in April, down 50.1% year-on-year; Jianghuai pure electric passenger vehicles sold 6,532 units in April, an increase of 71.76% year-on-year. Geely Geometry A sold 1,017 units in April.

8. BYD’s sales in April were released, with a surge in new energy vehicles accounting for 63% of total sales.

On May 10, BYD shares (01211-HK) announced its sales report for April. BYD’s overall car sales in April were about 37,839, a cumulative increase of 1.3% year-on-year; April new energy vehicle sales were 24,011, a cumulative increase of 123.13% year-on-year. It can be seen that the sales of new energy vehicles accounted for 63.4% of the total sales.

9. Ultra-long wheelbase 5 meters body, new Dyson electric vehicle patent exposed

A few days ago, foreign media released a set of patent drawings of Dyson electric vehicles. From the drawings, it can be seen that the car adopts a crossover design style. The body length may reach 5 meters, with a three-row seat layout and a wheelbase of 3.3 meters. In order to ensure lower wind resistance, the car is designed with a large tilt of the front windshield, and the height of the vehicle is only 1.65 meters.

10, CFO: the second quarter is still expected to deliver 90,000 to 100,000 electric vehicles

According to foreign media reports, the first quarter of this year delivered nearly 63,000 Tesla of various models of electric vehicles, in the April 24th financial report is expected to deliver 90,000 to 100,000 electric vehicles in the second quarter, its CFO Zach Kirkhorn (Zach Kirkhorn) recently reiterated this delivery target.

11. Get a maximum incentive of 6,700 yuan, and Tesla will promote the replacement policy

A few days ago, Tesla officially announced the launch of the Tesla owner replacement incentive policy. Any Tesla owner can replace/X and get a replacement incentive of 6,700 yuan, and a replacement Model 3 can get a replacement incentive of 3,400 yuan. The effective time is from now until June 30 (subject to delivery in the Q2 quarter of 2019).

12. Geely Colorful PHEV official image exposure, pure electric battery life over 60km

A few days ago, we learned from Geely Automobile’s official picture of a new hybrid model – Binyue PHEV. The car is positioned as "high-power intelligent plug-in hybrid", which is the first plug-in hybrid SUV under Geely’s BMA basic module architecture. It adopts a two-color body and is equipped with a hybrid system based on 1.5TD + 7DCTH +.

CCTV News:Recently, the supreme leadergeneral secretaryAt the National Conference on Health and Wellness, it was once again emphasized that "without the health of the whole people, there would be no overall well-off society", and comprehensive arrangements were made for the construction of "healthy China", which highlighted the ruling nature of the Communist Party of China (CPC) "adhering to the people’s dominant position".

Xiamen, as the first batch of pilot cities for public hospital reform in China, followed closely.partyThe central government has explored an innovative service model of "three divisions co-management" with specialists in large hospitals, basic general practitioners (family doctors) and health administrators, strengthened policy support and mechanism innovation, actively guided high-quality medical resources to sink to the grassroots, and initially established a fair, accessible, systematic and continuous basic medical and health service system integrating prevention, treatment, rehabilitation and health promotion, and characterized by "flexible guidance", which is in line with the direction of medical reform, welcomed by the masses and satisfied with patients. "Three divisions co-management" has explored a new model for national health management.

Guide the sinking of medical resources and let specialists in large hospitals "undercommunity"

On August 30th, Yang Shuyu, director of the Xiamen Municipal Health and Family Planning Commission, introduced at the media communication meeting on the progress of medical reform in Xiamen, and combined the specialists in large hospitals with the general practitioners and health managers at the grass-roots level by creating a team service model of "three divisions sharing management"; The promotion of doctors’ professional titles in tertiary hospitals is linked to the lower community, and at the same time, special subsidies are given to the lower community for specialists to train, teach and solve complex and difficult problems at the grass-roots level. Bringing patients back to the grassroots level and bringing up the level of general practitioners are the "two belts" advocated by Xiamen medical reform to guide the sinking of medical resources.

The First Affiliated Hospital of Xiamen University has a set of detailed community salary distribution system for specialists (experts): the instructor gives 1000 yuan a monthly subsidy for each doctor he teaches; Experts go to the grassroots clinic to subsidize 700 yuan/half a day; Every half day more than 10 visits, according to each visit (outpatient) to give 10 yuan service subsidies. According to this system, take the bonus distribution of cardiology and endocrine diabetes as an example: from April 2014 to March 2015, the bonus of cardiology increased by 54%, with a per capita increase of 48%, and the bonus of endocrine diabetes increased by 40%, with a per capita increase of 40%. The real increase in the income of specialists in large hospitals makes the pace of "going on" more active and powerful.

Establishing the incentive mechanism of grassroots assessment to make grassroots medical professionals "willing to manage"

In order to effectively mobilize the enthusiasm of primary health care institutions, Xiamen has further improved the financial subsidy mechanism, assessment mechanism and performance incentive mechanism for primary health care institutions, and included delayed service, "three-division co-management" graded diagnosis and treatment and family doctor signing in the assessment and evaluation indicators, so as to fully mobilize the enthusiasm of primary health care personnel through rewarding incremental performance. Focus on the assessment of indicators such as delayed service, "three divisions co-management" graded diagnosis and treatment, and family doctor signing, and give incremental rewards, which fully mobilized the enthusiasm of the grassroots. In 2015, the per capita income of community health service centers in the city increased by 27,600 yuan (in 2014, the per capita income of the city was 17,700 yuan), with an average increase of 55.93%.

Qiu Xiang, the health manager of Gulangyu Community Health Center, told the reporter that although the workload has increased since the implementation of the "three divisions co-management", the performance appraisal system has made her more satisfied both mentally and materially. In the Spring Festival of 2016, she won the first place in the performance appraisal. At that time, the performance salary was much higher than the usual salary as a clinical nurse, which made her more motivated and passionate to work.

Performance Appraisal Form of Gulangyu Community Health Center(Cctv reporter　戴萌萌　摄　）

The basic system of primary diagnosis combining "prevention" and "treatment" has been basically established.

Supreme leadergeneral secretaryAt the recent national health and wellness conference, it was emphasized that we should unswervingly implement the policy of putting prevention first, adhere to the combination of prevention and control, joint prevention and control, and mass prevention and control, and strive to provide people with health and wellness services throughout their life cycle. We should pay attention to the prevention and control of major diseases, optimize prevention and control strategies, and minimize the number of people suffering from diseases.

Xiamen’s "three divisions co-management" links the hospital with the community and the CDC, and combines the prevention and control of chronic diseases such as diabetes and hypertension with deepening medical reform, effectively building an integrated service mechanism and model, effectively improving the primary diagnosis and treatment technology and service capabilities, and consolidating the effectiveness of chronic disease prevention and control.

Zhu Cailiang, a 76-year-old man who lives in Gulangyu, is a patient with hypertension and a beneficiary of "three divisions co-management". Zhu cailiangTell reportersIn the past, they had to take a boat out of the island to a big hospital for serious illness and minor illness.go tomake a diagnosis and give treatmentSince the establishment of the "three divisions co-management", the health manager of the island community hospital will come to serve them, and the basic items such as blood pressure measurement and blood sugar measurement can be completed at home, and his blood pressure has been effectively controlled. Even if the condition fluctuates, you can make a preliminary diagnosis through the general practitioner of the community hospital. If it is not alleviated, you will further contact the specialist of the First Affiliated Hospital for consultation, which makesOld peopleSee a doctor.depend onsupportAnd the children in other places are less concerned.

bright redCai Liang introduced the blood pressure control to the reporter.(Cctv reporter　戴萌萌　摄　）

自从实施“三师共管”以来，厦门基层诊疗服务量提升43.67%，2016年上半年同比增长54.60%。根据对2.5万例患者就诊跟踪统计分析，糖尿病人在基层的就诊率从40.7%上升到78.1%，高血压病人从72.6%提高到95.7%。“三师共管”带动了心脑血管疾病、慢性阻塞性肺病、代谢综合征、慢性胃肠病、骨质疏松、骨关节病、痛风及肿瘤康复等多种慢性病、常见病、多发病在基层实现诊疗和健康管理，慢性病基层首诊制度基本建立。

厦门还将认真学习贯彻习总书记在全国卫生与健康大会上的重要讲话和大会精神，按照《健康中国2030规划纲要》和深化医改的总体部署和要求，始终不渝地把“以基层为重点，以改革创新为动力，预防为主，中西医并重，将健康融入所有政策，人民共建共享”这38字方针贯彻到卫生计生事业改革发展的全过程、各方面，确保健康政策融入全局、健康服务贯穿全程、健康福祉惠及全民，形成卫生与健康治理新格局，不断增强人民群众对改革的获得感，为全面建立一体化、安全、高效、优质的基本医疗卫生服务体系而不懈努力！（记者 戴萌萌）

The contents of the management comments of Steward’s 2023 annual board of directors are as follows:

　　I. Discussion and analysis of business conditions

　　During the reporting period, the company adhered to the development direction of "smart security+smart phone+automotive electronics", gave full play to the competitive advantage of efficient research and development, further optimized and improved the product matrix, and successfully built the second pole growth curve of high-end smart phone products, achieving a total operating income of 2,857,343,300 yuan, an increase of 15.08% over the previous year; The net profit attributable to the owners of the parent company was 14,215,500 yuan, an increase of 96,963,500 yuan over the same period of last year, turning losses into profits.

　　Among them, the income of the smart security industry was 1,671,330,800 yuan, an increase of 0.41% over the same period of last year, accounting for 58.49% of the main income; Smartphone revenue was 891,787,600 yuan, an increase of 50.40% over the same period of last year, accounting for 31.21% of the main revenue; Automotive electronics revenue was 294,224,900 yuan, an increase of 30.45% over the same period of last year, accounting for 10.30% of the main revenue.

　　In the field of smart security, the company continued to maintain its leading position in the global market with perfect product matrix, excellent R&D strength and quick response ability, and achieved steady business growth during the reporting period. In the field of smart phones, the cooperation between the company and existing customers in all levels of products has been deepening, and the market share has continued to increase. In particular, a number of XS series 50-megapixel products have been successfully mass-produced. These products are mainly used in cameras such as main camera, wide-angle camera and telephoto camera of high-end flagship mobile phones, and the unit price is relatively high, which has opened up a second growth curve for the company’s smart phone revenue. In the field of automotive electronics, the company has continued to deepen cooperation with a number of mainstream car manufacturers, and the ability and influence of industry solutions have been significantly improved, and the number of covered models has increased significantly, laying a solid foundation for future sustainable development.

　　During the reporting period, the cooperation between the company and strategic partners in the supply chain was further deepened, the scale of cooperation increased significantly, and the production technology became more mature, thus further improving the product yield, and the cost optimization effect was outstanding, which promoted the overall gross profit margin level of the company to improve quarter by quarter. The company will continue to work closely with various suppliers to continuously improve the resilience and delivery capacity of its supply chain. In addition, the company’s destocking plan was implemented smoothly and the operating cash flow was good; At the same time, the company uses derivatives to control the risk of exchange rate fluctuations, and exchange losses are effectively controlled. The overall financial cost has dropped significantly.

　　During the reporting period, the company won many awards covering IC design, image sensors, electronic components, Internet of Things enterprises and other fields, which fully demonstrated the company’s technological leading edge and R&D strength, representing the high recognition of the company’s R&D strength from all walks of life. The key awards are as follows: Shanghai Economic and Information Commission’s "Shanghai Specialized Small and Medium-sized Enterprises"; Zhangjiang National Independent Innovation Demonstration Zone 2022 "Zhangjiang Star" leading enterprise; Shanghai IC Industry Association "Top Ten Sales of IC Design Industry in Shanghai in 2022"; The company’s product SC1630LA won the "China IC Billboard-Outstanding Innovative Product Award of the Year" awarded by the Semiconductor Investment Alliance; The 5MP RGB-IR global shutter image sensor won ASPENCORE“2023 Global Electronic Achievement Award-Sensor of the Year "and" 2023 China IC Design Achievement Award-Top Ten China IC Design Companies "; Super-starlight 8MP image sensor /SC880SL with large target surface won the "2023CPSE Expo Jinding Award" at the 19th CPSE Expo. ADAS won the "18th China Core Excellent Technological Innovation Product in 2023" jointly awarded by China Electronic and Information Industry Development Research Institute and CCID by applying 8.3MP image sensor /SC850AT; The 4K super-starlight night vision full-color image sensor SC850SL won the award at the 2023 China International Public Safety Products Expo held by China Security Products Industry Association."Innovation Product Excellence Award".

　　Looking forward to 2024, the company will continue to maintain R&D investment, optimize product matrix, improve product performance and user experience, strengthen cooperation with core customers, expand cooperation areas, and actively explore new market opportunities, so as to further consolidate and enhance its leading position in smart security, smart phones and automotive electronics, and achieve more stable and sustainable development.

　　II. Description of the company’s main business, business model, industry and R&D during the reporting period.

　　(a) the main business, main products or services.

　　The company’s main business is the research and development, design and sales of high-performance CMOS image sensor chips. As a CMOS image sensor product enterprise dedicated to providing multi-scene applications and full-performance coverage, the company’s products have been widely used in many high-tech application fields such as security monitoring, machine vision, smart phones, automotive electronics, etc., and have helped the industry to develop in a more intelligent and information-based direction.

　　1. Technological advantages empower smart security high-end products and continue to lead the industry.

　　In 2023, the company’s smart security industry revenue was 1,671,330,800 yuan, an increase of 0.41% over the same period of last year, accounting for 58.49% of the main revenue. According to TSR statistics, in 2020 and 2021, the company ranked first in the global security CIS shipments. In 2022, the company continued to rank first in the global security CIS market with a market share of 33.3%.

　　According to the latest data of YOLE, in 2022, the global CIS market is about 21.3 billion US dollars, of which the security market accounts for 6% and the market size is about 1.241 billion US dollars. As the leading enterprise of global intelligent security CIS, the company has been focusing on the development of visual imaging technology and CIS products in the field of security monitoring since its establishment, exploring more potential needs of security customers, and using high-performance technology products to accurately reach customers’ practical applications. The company continues to exert its strength in the high-end field, and has successfully launched the security cutting-edge product portfolio such as ProSeries full-performance upgrade series, AISeries high-level imaging series and SLSeries super-starlight series to better meet the intelligent stage of security monitoring.

　　Prior to this, security monitoring has experienced three stages: simulation, networking and high definition. Driven by the iterative update of emerging technologies, the security industry is developing rapidly in the direction of digitalization, intelligence and ultra-high definition. Intelligentization has become the mainstream trend of the development of security industry. With the transformation of security monitoring to intelligence, the AI chip embedded in the device enables the camera to carry out structured processing, intelligent calculation and analysis and image recognition on video data, which promotes the transition of video monitoring equipment from passive monitoring to active recognition, and the realization of intelligent function needs to be based on high-definition image. According to TSR report, CIS in the field of security application needs resolution ranging from VGA (300,000 pixels) to 12 million pixels, and its center of gravity is gradually moving towards high resolution. The demand for 8 million pixels is increasing at an annual growth rate of 85% year by year. Therefore, high resolution has become the development trend of high-end security image sensor products.

　　In 2023, the company introduced a new product SC880SL, which is the first 1/1.2"8MP image sensor product of the company. By enhancing the photosensitive performance of the product through the large target surface, it can still achieve excellent night vision imaging effect even in ultra-low illumination environment. In addition, the company has also launched several new products to upgrade the AI series CMOS image sensors, which combine the advantages of better night vision full-color imaging, high-temperature imaging and low power consumption, and can better empower smart wireless cameras and multi-camera solutions such as home IPC and AIoT terminals, and successfully open the road of iterative upgrading of AI series products.

　　At the same time that security monitoring has started the intelligent stage, machine vision technology is also becoming the core driving force of modern industry. With the commercialization of AI and 5G technologies, machine vision is no longer limited to industrial applications. Emerging downstream application markets such as drones, sweeping robots and AR/VR have injected new vitality into the development of machine vision industry. With the deepening of automation, digitalization and intelligence in the field of industrial manufacturing around the world, machine vision will have a wider development space.

　　According to the data of MarketandMarkets and GGII, the global machine vision market will be 80.40 billion yuan in 2021. It is predicted that the global machine vision market will grow at a compound annual growth rate of 13.2% from 2022 to 2025, and the global machine vision market will reach 127.61 billion yuan in 2025. In the emerging field of machine vision, the trend of "machine vision replacing manual identification" has brought great growth space for the industry. As a standard component in the upgrade process of "machine vision replacing manual identification", CMOS image sensor has ushered in a new opportunity in the AI ​ ​ era.

　　As a pioneer and leader in the field of machine vision, the company’s machine vision products have significant technical influence and market position in the world. The products have been widely used in industrial manufacturing and logistics fields, such as intelligent manufacturing, intelligent screening and intelligent logistics code reading, as well as emerging application fields such as unmanned aerial vehicles, sweeping robots and AR/VR, and have maintained close cooperation with customers such as DJI and Hikon Robot. According to the latest data of TSR, in 2022, the company’s market share in UAV and QRC readers ranked first in the world, and its share in the global consumer UAV obstacle avoidance market was about 90%.

　　According to the actual demand for intelligent image processing in the field of industrial CIS, the company has launched three kinds of rich product matrices: area array, intelligent transportation system (ITS) and linear array, covering all kinds of industrial inspection scenes and mainstream industrial intelligent scenes such as industrial code readers, AGV navigation systems and 3D scanners, providing diversified, accurate, stable and reliable solutions for customers in different fields. According to the latest data of YOLE, in 2022, the global CIS market scale was about US$ 21.3 billion, of which industrial applications accounted for 4%, and the market scale was about US$ 865 million, an increase of 23.9% compared with 2021. In the industrial CIS market, the company has ranked second in China.

　　In the future, the company will continue to focus on the breakthrough of high-end core technologies and continuously introduce more high-performance machine vision application products. This will not only bring continuous innovation momentum to the company’s high-end product matrix, but also help accelerate the domestic substitution process of high-end CIS.

　　2. XS series high-end products were shipped on a large scale, and the business flourished, opening up a second growth curve.

　　According to the latest data of YOLE, in 2022, the global CIS market scale is about 21.3 billion US dollars, and the largest downstream field is smart phones, accounting for 64%, with a market scale of about 13.452 billion US dollars. Therefore, the field of smart phone CIS is also an important field of business layout of major CIS manufacturers.

　　In 2023, the overall market scale of mobile phone CIS tends to be stable, mobile phone terminals enter the stock market, and high-end smart phone consumers demand higher and higher shooting performance of cameras. Under this trend, CIS, as the core imaging device, has become a key selling point for major mobile phone manufacturers to enhance their experience, and the market structure of smart phone CIS is changing rapidly.

　　In 2023, the company’s smart phone business flourished, and the smart phone CIS products covered the mainstream demand of the current mobile phone market. The product resolution was from 800,000 pixels to 50 million pixels, and the annual revenue was 891,787,600 yuan, an increase of 50.40% over the same period of last year, accounting for 31.21% of the main revenue.

　　In view of the high-end flagship machine product track, several XS series high-end products launched by the company for the main camera and auxiliary camera (including telephoto and wide angle) of the flagship have been shipped on a large scale, which not only opened up a second growth curve for the company’s revenue, but also marked the company’s remarkable progress in catching up with the high-end product lines of overseas leading manufacturers, thus further enhancing the company’s market position and brand influence.

　　With the increasing number of smart phone cameras, it is very important to balance the performance and cost of smart phone CIS.

　　Therefore, in the mass computer and flagship machine market, CIS chips show completely different development trends. According to IDC statistics, among Android phones, the shipments of low-end models below $600 accounted for over 90% in 2022. Therefore, the rear camera of low-end models with large value is the main market focused by CIS manufacturers. TrendForce believes that the future upgrade direction of smart phone CIS will focus on the optimization of CIS structural design. By improving the structure and materials of photosensitive elements, the performance of photosensitive elements will be further improved, and the image processing algorithm will be optimized and upgraded. The AI algorithm will break through the hardware limitation, further improve the clarity and dynamic range of images, reduce noise and improve the imaging quality.

　　In view of the CIS market of mainstream smart phones, the company has also carried out in-depth technical cooperation with domestic fabs, and adopted technological innovations such as single-chip integration to launch high-resolution products that are more cost-effective and better meet the needs of mainstream smart phones. At the same time, the company continuously improves the dynamic range of products, reduces noise, optimizes power consumption and other performances, further improves the differentiated product matrix, brings excellent imaging performance to the smart phone imaging system, and continuously enhances the company’s market position and brand influence in the smart phone field.

　　3. Driven by intelligent driving, the automotive electronics business has a strong growth momentum.

　　In 2023, the company’s sales revenue in the automotive electronics field was 294,224,900 yuan, an increase of 30.45% over the same period of last year, accounting for 10.30% of the main revenue.

　　According to the latest data of YOLE, in 2022, the global CIS market scale was about US$ 21.3 billion, of which automotive electronic applications accounted for 10%, and the market scale was about US$ 2.186 billion, an increase of 27.7% compared with 2021. With the irreversible technical development trend of automobile intelligence and autonomous driving, the automobile electronics market has become a new growth point of CIS market. According to the data of Qunzhi Consulting, it is estimated that the global vehicle CIS shipments will reach 350 million in 2023, a year-on-year increase of 9%; Driven by demand such as ADAS and autonomous driving, CAGR of automobile CIS shipments is expected to reach 13.17% from 2022 to 2028. At present, the mainstream resolution of vehicle CIS is still 1.2 million pixels or less. With the continuous evolution of autonomous driving, the demand for more than 2 million pixels will increase rapidly year by year. The fastest growth rate between 2022 and 2028 is expected to be 5 million and 8 million high-definition pixels, with a compound growth rate of 80%.

　　The company has released more than 10 products for three major application scenarios: vehicle image, perception and cabin, covering the application requirements of automotive perception and image segmentation with 1MP~8MP resolution. Among them, in 2023, the company newly released a new product, SC533AT, which is a 5MP high-resolution RGB-IR global shutter image sensor. This back-illuminated global shutter image sensor integrates five performance advantages: high resolution, high shutter efficiency, low noise, excellent color performance and excellent near-infrared sensitivity, and brings more accurate and reliable in-cabin for high-end driver monitoring system (DMS) and passenger monitoring system (OMS).

　　As one of the few manufacturers in China that can provide CIS solutions for vehicle regulations, the company’s on-board CIS products have been mass-produced in the main car factories such as (), SAIC, Dongfeng Nissan, Great Wall, Ssangyong, Zero Run, Chery, GAC, Jiangling and Geely. According to YOLE’s latest report, in 2022, the company has ranked fourth in the world and second in China in the vehicle CIS market. With the continuous development of automobile intelligence and autonomous driving, and the increasing front-loading rate of panoramic view, automotive electronics business will also become a powerful engine to help the company’s long-term sustainable development.

　　In the future, the company will continue to focus on the development of three application scenarios, namely, in-vehicle image, perception and cabin, further enrich the ATSeries product matrix, and promote the intelligent development of automobiles and the penetration and popularization of intelligent driving technology by relying on its own core technology and product performance advantages under the strict automobile product development process system.

　　(II) Main business models

　　The company’s business model belongs to Fabess mode. The company focuses on the research, development, design and sales of CMOS image sensors, and entrusts the main production links such as wafer production and packaging to external enterprises. However, considering the convenience of final product debugging and quality control, the company has completed most of the final test (FT test) links by its own test plant, and the company has no wafer production line and packaging plant with huge investment. The company has an independent and complete R&D, procurement, production and sales system, and independently conducts business activities according to its own situation, market rules and operation mechanism.

　　(3) the industry situation

　　1. The development stage, basic characteristics and main technical threshold of the industry.

　　(1) Global semiconductor and integrated circuit industry

　　The global semiconductor industry has a certain periodicity, and the boom cycle is closely related to macro-economy, downstream application demand and its own production capacity inventory. According to the preliminary statistics of Gartner, a world-renowned market research institution, the global semiconductor revenue in 2023 was US$ 533 billion, 11.1% lower than that in 2022, showing a cyclical downward trend again. Some semiconductor terminal markets began to show weakness, especially those affected by consumer spending. Rising inflation, taxes and interest rates, and higher energy and fuel costs are putting pressure on consumers’ disposable income. This is affecting the expenditure of electronic products such as personal computers and smart phones. At the same time, Semiconductor Industry also predicted that the continued strong growth of the automobile market and the Internet of Things (IoT) will help the semiconductor market recover. The risk of global economic recession in 2023 is decreasing. It is preliminarily predicted that the semiconductor market will continue to recover in 2024, and the terminal market will grow moderately, with a growth rate of 5% to 10%.

　　(2) China’s semiconductor and integrated circuit industry

　　In recent years, China’s semiconductor and integrated circuit industry has experienced rapid development, the demand for the industry has expanded rapidly, and the policy support has continued to be favorable. With the continuous transfer of downstream industrial chains such as smart phones, new energy vehicles and Internet of Things to China, the upstream integrated circuit design industry has gained a lot of market opportunities. According to the statistics of China Semiconductor Industry Association, the sales scale of China’s integrated circuit design industry has increased from 55 billion yuan in 2010 to 577.4 billion yuan in 2023, with an average compound annual growth rate of about 21.6%, which is higher than that of the global integrated circuit design industry in the same period, but the growth rate is still 8.5% lower than that in 2022. It is estimated that by 2025, the scale of China’s IC design industry in the global market is expected to further increase to 16%.

　　(3) Market structure and development trend of 3)CMOS image sensor.

　　Thanks to the widespread popularity of multi-camera phones and the rapid development of security monitoring, smart car cameras and machine vision, the overall shipment and sales of CMOS image sensors have been expanding. According to YOLE statistics, the global CMOS image sensor market will increase to 28.8 billion US dollars in 2028, with a compound growth rate of 5.1% from 2022 to 2028. Smartphone is the largest downstream application in the current market, with sales accounting for 63.2% in 2022. In the second half of 2023, the demand for mobile phones recovered moderately, and the industry’s destocking came to an end. The breakthrough of new products by domestic manufacturers continued to exceed expectations. At the same time, with the continuous development of smart cars and the increasing penetration rate of ADAS, the automobile market is expected to maintain a high growth rate in the next five years. Security monitoring, industry, medical care and other fields will also bring incremental markets.

　　2. Analysis of the industry position of the company and its changes.

　　The company’s products have been widely used in smart security fields including network cameras, analog closed-circuit cameras, home care cameras, smart doorbells, drones, sweeping robots, industrial cameras, smart transportation, face recognition, etc. Intelligent vehicle-mounted driving recorder, vehicle-mounted panoramic and rear-view camera, driver monitoring system, passenger monitoring system and other automotive electronic application fields; Smart phones, tablets, smart homes, smart health and other consumer electronics applications are promoting the development and progress of smart life.

　　Through the comprehensive layout of FSI-RS series, BSI-RS series and GS series, the company is technology-driven, meeting the rigid requirements of industry application fields for excellent imaging in low-light environment, maintaining high performance of chips in high-temperature working environment, showing bright and dark details in strong light contrast environment, shooting fast-moving objects without distortion/tailing, and shooting high-frame-rate video. It has the core advantages of competing with leading CMOS image sensor manufacturers such as Sony, and covers all levels of high, medium and low-end.

　　The company has become a leading supplier of CMOS image sensors in the fields of smart security, smart phones and automotive electronics. According to TSR statistics, the company ranked first in the global security CIS shipment from 2020 to 2022, with a market share of 33.3% in 2022. At the same time, according to YOLE’s latest report data, in 2022, the company ranked fourth in the world and second in China in the vehicle CIS market; Ranked fifth in the world and third in China in the CIS market of the Internet of Things; In the industrial CIS market, it ranks sixth in the world and second in China.

　　3. The development of new technologies, (), new formats and new models during the reporting period and the future development trend.

　　In 2023, with the company’s efficient R&D efficiency and the rapid expansion and close integration of downstream application customers, the smart phone business flourished and the revenue achieved substantial growth. It is mainly used for the large-scale shipment of XS series high-end products, which are mainly taken by the flagship machine (including telephoto and wide angle). This not only opens up a second growth curve for the company’s revenue, but also marks that the company has made remarkable progress in catching up with the high-end product lines of overseas leading manufacturers, thus further enhancing the company’s market position and brand influence.

　　In 2023, the smart security market experienced demand fluctuations that were first suppressed and then promoted. In the face of the complex and changeable industry environment, the company has continuously upgraded its products and expanded its customers and new application fields through continuous R&D investment, further consolidating its leading position in the field of smart security and maintaining stable business growth.

　　In 2023, the company’s automotive electronics sales revenue achieved year-on-year growth. As one of the few manufacturers in China that can provide CIS solutions for vehicle regulations, the automotive electronics business has become a strong support for the company’s long-term sustainable development under the trend of continuous development of automotive intelligence and autonomous driving technology and the background of increasing front-loading rate of panoramic view of automobiles.

　　In the future, the company will continue to promote technological innovation and market insight, continuously optimize product matrix, strengthen cooperation with core customers, expand cooperation areas, actively explore new market opportunities, continuously improve product performance and user experience, increase market share, and achieve steady growth in turnover.

　　(IV) Core technologies and R&D progress

　　1. Core technologies and their advanced features and changes during the reporting period.

　　2. R&D achievements obtained during the reporting period

　　During the reporting period, the company applied for 169 new intellectual property projects (including 89 invention patents), and 116 intellectual property projects were authorized (including 16 invention patents). By December 31st, 2023, the company had obtained 424 patents (including 98 overseas patents).

　　3. R&D investment table

　　4. Projects under study

　　5. R&D personnel

　　6. Other explanations

　　Iii. Analysis of core competitiveness during the reporting period

　　(A) analysis of core competitiveness

　　1, close to customer demand for technological innovation ability.

　　Adhering to the vision of "let people see and know the world better", the company adheres to the concept of "taking customers as the core, and is committed to providing high-quality and intelligent video solutions", and has developed a series of distinctive core technologies closely following the needs of customers. During the reporting period, the company deeply explored the needs of customers in emerging image sensor applications such as smart security, smart phones and automotive electronics, and developed diversified and differentiated product series, covering a full range of high, medium and low-end products to meet the needs of customers with different positioning.

　　2, efficient chip research and development capabilities

　　The company has always adhered to the product development concept of "R&D generation, mass production generation and pre-research generation", and achieved high chip R&D efficiency under the blessing of "multi-pronged" supply chain and upstream and downstream resource system. Efficient R&D capability enables the company to quickly respond to changes in customer needs, so that its terminal products can better adapt to the complex and changeable market environment and achieve a win-win situation with customers.

　　3. Solid intellectual property system barriers

　　The R&D investment of the company is relatively high. In 2023, the total R&D investment was 286,154,565.86 yuan. In order to consolidate the technological leadership of existing products and develop new technologies and products, the number of R&D personnel accounted for 47.84% of the total number of the company.

　　By December 31st, 2023, the company had obtained 424 patents (including 98 overseas patents).

　　4. Outstanding R&D team

　　Under the leadership of core technicians Dr. Xu Chen, Dr. Mo Yaowu and Ma Weijian, the company has built an outstanding R&D team through long-term technical cultivation and personnel training. Dr. Xu Chen, the founder, has more than 20 years of research and working experience in the field of CMOS image sensors, and plays a leading role in solving the noise problem in the design of high-quality CMOS imaging systems, improving the sensitivity and night vision effect, and developing stacked global shutter image sensors. Dr. Mo Yaowu has worked in semiconductor related fields for nearly 30 years, pushing the industry to introduce a column parallel readout architecture with high performance, low power consumption and low noise, and presided over the design of many mainstream CMOS image sensors. Mr. Ma Weijian has nearly 20 years of experience in chip research and development and industrialization, and has played an important role in promoting the technology and industrialization of many image sensors with high sensitivity, high signal-to-noise ratio and near-infrared sensitivity enhancement.

　　The company attaches great importance to the introduction and cultivation of talents, regards the ability of the company’s R&D and technological innovation team as the company’s core resources, and has recruited technical talents at home and abroad, and has established an excellent R&D team. By December 31st, 2023, the company had 343 R&D personnel, of whom 192 R&D personnel had master’s degree or above.

　　5. Strong customer resource system

　　With long-term industry accumulation and outstanding product quality, the company has accumulated rich customer resources. The products are not only used in the terminal products of brands such as (), Yushi Technology, DJI Innovation, (), Netease Youdao, Xiaomi Technology, OPPO, VIVO, Samsung Electronics, BYD, SAIC, GAC, Dongfeng Nissan and Zero Run, but also accumulated many small and medium-sized customer groups as the support, forming a strong customer resource system.

　　The company has established a close cooperative relationship with the end customers, deeply participated in the customer’s product scheme design, and was able to collect the customer’s product demand information in time, always keeping pace with or even ahead of the customer’s increasing demand in product design, and quickly implementing it in product customization and development. According to the customer’s continuous updating demand, through the rapid iteration mode of "small steps and quick running" and convenient product upgrade channels, we can launch new products with better performance and better meeting the customer’s needs in a short period of time to serve customers. In the production process, the company independently completes the final product test, which can not only export the terminal that controls the product quality, but also make fine adjustments according to the characteristics of the company’s products to achieve the best customer experience. The company’s technical support and after-sales service team with strong professional ability and quick response can quickly solve the problems encountered by customers before and after sales, assist customers to quickly complete mass production of products, and solve the problems in the use of products in time to create a good customer experience.

　　Through long-term, stable and efficient cooperation, the company has formed a good reputation among terminal brand customers, cultivated strong customer stickiness, and ensured the stability of the company’s performance.

　　6. Stable supply chain cooperation.

　　Under the current industrial structure, supply chain is an important link to ensure the stable development of semiconductor and integrated circuit design companies. The company’s product design is deeply integrated and optimized with the production process of the wafer factory to meet the needs of scene adaptability in multiple application fields. Through technical cooperation, the company has established close strategic cooperation relations with wafer factories such as TSMC, Hefei Jinghe and Samsung Electronics. In addition, we have maintained good cooperative relations with (), (), Keyang Semiconductor and other packaging and testing factories.

　　The company effectively integrates its own technical advantages with the supplier’s production capacity and strategic needs. Through technical cooperation, it achieves product and process breakthroughs while enhancing supplier stickiness. The company has adopted a multi-regional supply chain layout strategy, and established strategic cooperation platforms for wafer foundry and packaging and testing in Chinese mainland, Taiwan, China, South Korea and other countries and regions, fully and efficiently integrating supply chain resources in a "multi-pronged" way to provide a strong guarantee for production capacity.

　　(II) Events that have seriously affected the core competitiveness of the company during the reporting period, impact analysis and countermeasures.

　　Fourth, risk factors

　　(A) Not yet profitable risk

　　(2) Risk of sharp decline in performance or loss

　　(C) core competitiveness risks

　　1. Risk of technical iteration

　　In the IC design industry, the product technology iteration speed is fast, and the upgrading of CMOS image sensors and new application scenarios emerge one after another. The company must maintain continuous R&D and innovation, and continue product iteration according to the latest technology development trend and market demand, otherwise it may lead to price reduction, gross profit margin decline and poor customer experience. On the other hand, the development direction of integrated circuit products is uncertain, so design enterprises must maintain a high sensitivity to the iterative trend of mainstream technology and the market space of scene application in order to grasp the general direction of technology development in time. If the company can’t adjust its strategy in time according to the latest trend of technological development, it will cause great waste of labor cost, capital cost and time cost, and at the same time, it will also lead to the company losing key opportunities for development.

　　2. Risk of R&D failure

　　The company’s main business is the research and development, design and sales of high-performance CMOS image sensor chips. The development of its products has the characteristics of high technical content, long research and development cycle and large initial investment. At present, in order to adapt to the development of the industry and keep up with the development trend of mainstream technologies in the industry, the company continues to invest a lot of money and personnel in the research and development of new technologies and new products. However, if the company fails to make a correct judgment in the direction of R&D, fails to break through key technologies in the process of R&D, fails to meet the expected product performance index, or fails to meet the market demand, the company will face the risk of R&D failure, which will make it difficult to recover the investment in the early stage of R&D and adversely affect the company’s subsequent development and market competitiveness.

　　3. Risk of core technology leakage

　　The IC design industry is characterized by high technology-intensive, and the company has accumulated a large number of core technologies through long-term development, forming its own core competitiveness. The company has formed a series of unique core technologies in pixel design, circuit design and other fields, and continues to carry out research and development of new technologies and intellectual property applications. In the future, if the company’s core technology is leaked due to improper storage of core technology information or brain drain of core technology, and the core technology is copied and utilized by competitors, it will have an adverse impact on the company’s core competitiveness.

　　4, the risk of brain drain of core technology

　　Integrated circuit design industry is a typical technology-intensive industry, and its dependence on R&D personnel, especially core technical personnel, is much higher than other industries. In the process of development, the company has formed a mature and innovative core R&D team. However, with the intensification of industry competition, the competition for outstanding talents has become more intense. At the same time, the company must continue to introduce new talents to adapt to the ever-changing industry technology development trend. If the company can’t strengthen the incentive for existing core technical talents and attract new talents, it will directly affect the company’s technological innovation ability and product research and development ability.

　　(4) Operational risks

　　1. Risk of business model

　　As an integrated circuit design enterprise, the company adopts Fabess’s business model, focusing on the R&D, design and sales of chips, and the production links are completed in foundries such as fabs and packaging plants, which require higher productivity stability and cooperation. The company has established long-term and good cooperative relations with major suppliers such as TSMC, Hefei Jinghe, Samsung Electronics, Jingfang Technology, Huatian Technology, Keyang Semiconductor, etc. However, due to the company’s inability to independently complete wafer production and packaging processes, if the prices of wafer and packaging procurement rise sharply, or fail to form sufficient capacity guarantee for the company, it will directly affect the company’s profitability, sales scale, delivery schedule and supply guarantee for customers.

　　2. The risk of high supplier concentration and periodic fluctuation of its capacity utilization rate.

　　As an integrated circuit design company, the main production processes such as wafer manufacturing and packaging need to be completed in the foundry. At the same time, due to the high threshold of wafer manufacturing and packaging in the integrated circuit industry, the number of wafer manufacturing and packaging suppliers that meet the company’s technical and production requirements worldwide is limited. If the global wafer and packaging and testing capacity enters a relatively tight cycle, the wafer and packaging prices will rise sharply, or the company’s product production will be affected due to the shortage of wafer supply and insufficient packaging capacity, which will adversely affect the company’s profitability and the stability of product supply.

　　3. Risk of high customer concentration

　　The company adopts the sales mode of combining direct selling and distribution. Due to the large market demand for the company’s products, the company has strict customer management. Direct customers generally choose well-known terminal brand customers in the industry, while other terminal customers supply and serve through well-known distributors in the industry. This strategy will make the proportion of corporate customer concentration relatively high.

　　Due to the high concentration of customers, if a customer with a high proportion fluctuates in cooperation with the company due to risks such as geopolitics, self-management, cooperation disputes, and tight production capacity, and it takes a certain period for the company to expand new customers, it may lead to a passive decline in the sales scale of the company, and the sales repayment cannot be guaranteed, which will adversely affect the company’s performance in the short term.

　　4. Risk that the expansion speed of product application field is less than expected.

　　According to the market demand and its own technical characteristics, the company continues to expand its product application fields and help the company’s performance to grow continuously. During the reporting period, the company has gradually expanded from smart security to smart phones, smart phones and other fields. However, if the company’s business expansion speed in new application areas is less than expected, or the progress of related technology research and development is less than expected, it will adversely affect the growth rate of the company’s operating performance.

　　5, the risk of not being able to maintain rapid growth in the future.

　　Affected by the rapid development of downstream industries such as 5G, smart city, artificial intelligence and automobile in recent years, the demand for CMOS image sensor chips in various fields is very strong. At the same time, the company was established for a short time, and the cooperation between products, sales system and industrial chain gradually matured. The previous business performance showed high growth; However, the company’s operating performance is greatly affected by the fluctuation of upstream capacity supply end and downstream terminal demand end. At the same time, there is still some uncertainty in the company’s ability to continuously explore product application areas, introduce new products and update iterations, which will bring fluctuations to its income and profitability, and there may be a risk that it will not be able to maintain rapid growth in the future.

　　(V) Financial risks

　　1. Risk of inventory depreciation

　　The inventory scale increases year by year with the expansion of business scale. If the market demand environment changes, the market competition intensifies, or the company cannot effectively expand sales channels, optimize inventory management, and reasonably control inventory scale, it may lead to unsalable products and inventory backlog, thus increasing the risk of inventory depreciation and adversely affecting the company’s operating performance.

　　2. Risk of accounts receivable recovery

　　Although most of the company’s accounts receivable are aged within 12 months at present, the risk of bad debt loss is small, but with the continuous expansion of the company’s business scale, or the relaxation of credit policy due to changes in market environment and customer operation, the company’s accounts receivable balance may gradually increase. If the company’s accounts receivable cannot be recovered in time in the future, it will adversely affect the company’s capital use efficiency and operating performance.

　　3. Risk of exchange rate fluctuation

　　During the reporting period, the company had overseas sales and purchases, quoted prices and settled accounts in US dollars. With the expansion of the company’s overall business scale, the amount of overseas sales and purchases is expected to increase further. Although the company has considered the possible fluctuation of exchange rate between the conclusion of contracts or orders and the receipt and payment of funds in its business development, there is still great uncertainty about the exchange rate change with the changes of domestic and international political and economic environment. If the exchange rate between RMB and USD fluctuates greatly in the future, it will have a certain impact on the company’s performance.

　　4. Risk of fluctuation of gross profit margin

　　The company’s main products are high-performance CMOS image sensors. The gross profit margin of the main products is mainly affected by downstream demand, product price, product structure, raw materials, packaging and testing costs and the company’s technical level. If these factors change, the company’s gross profit margin may fluctuate, thus affecting the company’s profitability and performance.

　　5. Risk of changes in preferential tax policies

　　On December 14th, 2022, the company obtained the High-tech Enterprise Certificate (certificate number: GR202231004395) jointly issued by Shanghai Science and Technology Commission, Shanghai Finance Bureau and State Taxation Administration of The People’s Republic of China Shanghai Taxation Bureau, and it was recognized as a high-tech enterprise with a validity period of three years, and the company can enjoy the preferential corporate income tax rate of 15%. If the above-mentioned preferential tax policies of the country change in the future, or the company no longer has the qualification to enjoy the corresponding preferential tax policies, the company may face the risk of reducing its future profit due to the change or reduction of preferential tax policies.

　　(VI) Industry risks

　　1. Industry cycle risk

　　The company’s industry is integrated circuit design, and its main products are high-performance CMOS image sensors, which are used in security monitoring, machine vision, smart phones, automotive electronics and other fields, so it is inevitably affected by macroeconomic fluctuations. If the development of downstream application field itself is impacted by industry cycle factors, it will not be able to effectively support the company’s product demand, and then affect the company’s performance.

　　Wafer production, packaging and other industries are easy to wander between insufficient capacity and overcapacity due to the long production capacity construction cycle, which further affects the development of integrated circuit design enterprises. In the case of periodic shortage of supply chain capacity, if the company can’t realize the priority supply of capacity through deep cooperation with suppliers, it may face problems such as unstable product delivery and reduced product gross profit, which will affect the company’s performance and market recognition.

　　At the same time, CIS manufacturers mostly adopt Fabess operation mode, focusing on the design and research of integrated circuit chips, and adopting professional third-party enterprise OEM mode in manufacturing, packaging and testing. With the further repair and expansion of CIS demand by downstream applications, the supply of industry capacity may be tight, and there is uncertainty whether the production capacity of wafer factories and packaging and testing plants can guarantee the procurement demand.

　　2. Risk of market competition

　　Although the company maintains a high market share in security monitoring, machine vision and other fields through unique technologies and products, there are still a large number of enterprises with technical competitiveness in the CMOS image sensor market. Under the background of China’s strong support and development of integrated circuit industry, and the future market will continue to develop at a high speed, there may be more CMOS image sensor design enterprises to strengthen their resources in this field and form direct competition with the company’s products. If the company can’t continuously improve the R&D capability of technology and products, and can’t continuously update and iterate according to the downstream demand, the market share that the company has obtained at present may be squeezed by other competitors, which will adversely affect the company’s performance.

　　3, the price is less than the expected risk

　　With the increasing degree of product overlap among manufacturers in the industry, it may further intensify the competition in the industry, or it may bring the pressure of business expansion and the risk of falling gross profit margin. In order to maintain market share and competitive advantage, companies may be forced to lower product prices, thus posing a threat to profitability.

　　(VII) Macro-environmental risks

　　The company’s overseas sales revenue accounts for a relatively high proportion. At the same time, some products of the company’s main terminal brand manufacturers are also sold to other countries and regions except Chinese mainland. In the future, if relevant countries or regions construct trade barriers through trade policies, tariffs, import and export restrictions, etc. for trade protection or other reasons, and restrict the business development of corporate customers and terminal brand manufacturers in the local market, it may lead to a decrease in the demand for corporate chips by corporate customers and related terminal brand manufacturers, which will adversely affect the company’s operating performance.

　　(8) Risks related to depositary receipts

　　(9) Other major risks.

　　1. Risk of special corporate governance structure with special voting rights.

　　On July 3, 2020, all shareholders of Sitway (Shanghai) Electronic Technology Co., Ltd. signed the Articles of Association of Sitway (Shanghai) Electronic Technology Co., Ltd., which set the excess voting rights and agreed that Xu Chen and his wholly-owned or controlled shareholders would exercise their voting rights five times the proportion of their subscribed capital contribution.

　　On December 15th, 2020, the company held the founding meeting and the first general meeting of shareholders. All shareholders attended the meeting, and the meeting unanimously reviewed and approved the Proposal on Setting up Special Voting Shares of Sitway (Shanghai) Electronic Technology Co., Ltd., and formulated the articles of association and set up special voting shares arrangements. Unless the arrangement of special voting rights is terminated by the resolution of the company’s shareholders’ meeting, the setting of special voting rights of the company will continue and run for a long time. According to the arrangement of special voting rights, the company’s share capital consists of Class A shares with special voting rights and Class B shares of ordinary shares. Except for considering specific matters, the number of voting rights corresponding to Class A shares and Class B shares is the same, and the number of voting rights per share of Class A shares held by Xu Chen, the controlling shareholder and actual controller, is five times that of Class B shares held by other shareholders.

　　Under the special voting mechanism, Xu Chen, the controlling shareholder and actual controller of the company, can decide the ordinary resolutions of the company’s shareholders’ meeting, and can also play a similar decisive role in the special resolutions of the shareholders’ meeting, which will restrict the influence of other shareholders of the company except Xu Chen on the company’s major decisions through the shareholders’ meeting to some extent.

　　If minority shareholders, including public investors, hold different opinions with controlling shareholders and actual controllers on major decisions of the company and raise objections when voting at the shareholders’ meeting, it is likely that they will not be able to have a substantial impact on the voting results of the shareholders’ meeting because of the relatively significant difference in the number of voting rights per share.

　　Under special circumstances, Xu Chen’s interests may be inconsistent with those of other shareholders of the company, especially the minority shareholders, which may damage the interests of other shareholders, especially the minority shareholders.

　　V. Main operations during the reporting period

　　During the reporting period, the company realized an operating income of 2,857,343,300 yuan, up by 15.08% over the same period of last year; The net profit attributable to shareholders of listed companies was 14,215,500 yuan, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 607,400 yuan, which turned losses into profits.

　　VI. The Company’s Discussion and Analysis on the Company’s Future Development

　　(A) the industry pattern and trends

　　1, the industry structure and status

　　The company’s products have been widely used in smart security fields including network cameras, analog closed-circuit cameras, home care cameras, smart doorbells, drones, sweeping robots, industrial cameras, smart transportation, face recognition, etc. Intelligent vehicle-mounted driving recorder, vehicle-mounted panoramic and rear-view camera, driver monitoring system, passenger monitoring system and other automotive electronic application fields; Smart phones, tablets, smart homes, smart health and other consumer electronics applications are promoting the development and progress of smart life.

　　Through the comprehensive layout of FSI-RS series, BSI-RS series and GS series, the company is technology-driven, meeting the rigid requirements of industry application fields for excellent imaging in low-light environment, maintaining high performance of chips in high-temperature working environment, showing bright and dark details in strong light contrast environment, shooting fast-moving objects without distortion/tailing, and shooting high-frame-rate video. It has the core advantages of competing with leading CMOS image sensor manufacturers such as Sony, and covers all levels of high, medium and low-end.

　　The company has become a leading supplier of CMOS image sensors for smart security, smart phones and automotive electronics. According to TSR statistics, the company ranked first in global security CIS shipments from 2020 to 2022, and its market share reached 33.3% in 2022. At the same time, according to the latest report data of Yoe, in 2022, the company ranked fourth in the world and second in China in the vehicle CIS market; Ranked fifth in the world and third in China in the CIS market of the Internet of Things; It ranks sixth in the world and second in China in the industrial CIS market.

　　2. Industry development trend

　　(1) the field of smart security

　　According to the latest data of YOLE, in 2022, the global CIS market will be about US$ 21.3 billion, of which security applications will account for 6% and the market size will be about US$ 1.241 billion.

　　Driven by the iterative updating of emerging technologies, the security industry is developing rapidly in the direction of digitalization, intelligence and ultra-high definition. Intelligentization has become the mainstream trend of the development of security industry. With the transformation of security monitoring to intelligence, the AI chip embedded in the device enables the camera to carry out structured processing, intelligent calculation and analysis and image recognition on video data, which promotes the transition of video monitoring equipment from passive monitoring to active recognition, and the realization of intelligent function needs to be based on high-definition image. According to TSR report, CIS in the field of security application needs resolution ranging from VGA (300,000 pixels) to 12 million pixels, and its center of gravity is gradually moving towards high resolution. The demand for 8 million pixels is increasing at an annual growth rate of 85% year by year. Therefore, high resolution has become the development trend of high-end security image sensor products.

　　At the same time that security monitoring has started the intelligent stage, machine vision technology is also becoming the core driving force of modern industry. With the commercialization of AI and 5G technologies, machine vision is no longer limited to industrial applications. Emerging downstream application markets such as drones, sweeping robots and AR/VR have injected new vitality into the development of machine vision industry. With the deepening of automation, digitalization and intelligence in the field of industrial manufacturing around the world, machine vision will have a wider development space.

　　According to the data of MarketandMarkets and GGII, the global machine vision market will be 80.40 billion yuan in 2021. It is predicted that the global machine vision market will grow at a compound annual growth rate of 13.2% from 2022 to 2025, and the global machine vision market will reach 127.61 billion yuan in 2025. In the emerging field of machine vision, the trend of "machine vision replacing manual identification" has brought great growth space for the industry. As a standard component in the upgrade process of "machine vision replacing manual identification", CMOS image sensor has ushered in a new opportunity in the AI ​ ​ era.

　　(2) the field of automotive electronics

　　With the popularization of new energy smart cars, the continuous improvement of ADAS technology and the improvement of on-board chip computing power, the number of cameras on modern cars is increasing rapidly. In order to achieve better image recognition function, the application scope of vehicle-mounted CMOS image sensor has been expanded from only realizing the functions of visual reversing and driving recorder in the past to realizing 360-degree panoramic imaging, roadblock detection, blind spot monitoring, driver monitoring system, automatic driving and other functions through up to 13 cameras on a bicycle.

　　In addition, with the improvement of intelligent driving technology, vehicle-mounted cameras have further developed in the direction of binocular and binocular. In order to improve the ranging accuracy, the improvement of intelligent driving in obstacle avoidance technology has promoted the use of 3D cameras. ADAS system includes many functions, such as driving record, intelligent navigation, panoramic image, lane departure warning and so on, and the demand for accessories such as driving recorder is also increasing. In order to maintain the competitiveness of their own vehicle products, major automobile manufacturers are expected to introduce more cameras to obtain video image information to build a diversified in-vehicle intelligent vision system including driver monitoring system, blind spot detection, pedestrian collision prevention, signal light recognition, etc., so as to cover various applications of in-vehicle cameras. CIS includes rear view/automatic parking (AVM/RVC/APA), in-vehicle monitoring (DMS/OMS), driving recorder (DVR), and automatic driving (autopilot).

　　Compared with the intelligent security field, the automotive electronics field has many similarities, such as: good night vision imaging performance; As low noise as possible; To cope with the rapid change of light and dark environment, high-width dynamic range (HDR) is needed; Wide temperature range requirements; High standard redundancy design, etc. The company’s deep technical accumulation in the field of smart security has helped the company quickly cut into the field of automotive electronics. At the same time, compared with CIS of security and consumer terminals, vehicle CIS needs to pass strict vehicle regulation certification to ensure the reliability of products. Therefore, since entering the vehicle field, the company has always adhered to safety as the cornerstone, established a high-quality R&D control system at the beginning of product design, and kept in line with international standards, and regarded vehicle safety as a key factor in the field of production R&D. It has passed the three industry certification standards of IATF16949, AEC-Q100 and ISO26262:2018, and established a perfect R&D and quality management system for vehicle-level chips. With the rapid rise of domestic vehicles, especially domestic new energy vehicles, the company will achieve rapid growth in the field of automotive electronics.

　　(3) the field of smart phones

　　According to the latest data of YOLE, in 2022, the global CIS market is about 21.3 billion US dollars, and the largest downstream field is mobile phone applications, accounting for 64%, with a market size of about 13.452 billion US dollars. Therefore, the field of smart phone CIS is also an important field of business layout of major CIS manufacturers.

　　In 2023, the overall market scale of mobile phone CIS tends to be stable, mobile phone terminals enter the stock market, and high-end smart phone consumers demand higher and higher shooting performance of cameras. Under this trend, CIS, as the core imaging device, has become a key selling point for major mobile phone manufacturers to enhance their experience, and the market structure of smart phone CIS is changing rapidly.

　　For the high-end flagship machine circuit, several XS series of high-end products for the main camera and auxiliary camera (including telephoto and wide angle) of the flagship have been shipped on a large scale, which not only opened up a second growth curve for the company’s revenue, but also marked the company’s remarkable progress in catching up with the high-end product lines of overseas leading manufacturers, thus further enhancing the company’s market position and brand influence.

　　With the increasing number of cameras, it is very important to balance the performance and cost of smart phone CIS. Therefore, in the mass computer and flagship machine market, CIS chips show completely different development trends. According to IDC statistics, among Android phones, the sales of low-end models below $600 accounted for nearly 70% in 2023, and the shipments accounted for over 90%. Therefore, the rear camera of low-end models with large value is the main market focused by CIS manufacturers. TrendForce believes that the future upgrade direction of smart phone CIS will focus on the optimization of CIS structural design. By improving the structure and materials of photosensitive elements, the performance of photosensitive elements will be further improved, and the image processing algorithm will be optimized and upgraded. The AI algorithm will break through the hardware limitation, further improve the clarity and dynamic range of images, reduce noise and improve the imaging quality.

　　In view of the CIS market of mainstream smart phones, the company has also carried out in-depth technical cooperation with domestic fabs, and adopted technological innovations such as single-chip integration to launch products that are more cost-effective and better meet the needs of mainstream smart phones. At the same time, the company continuously improves the dynamic range of products, reduces noise, optimizes power consumption and other performances, further improves the differentiated product matrix, brings excellent imaging performance to the smart phone imaging system, and continuously enhances the company’s market position and brand influence in the smart phone field.

　　(II) Company development strategy

　　Since its establishment, the company has been focusing on the research and development and design of high-performance CMOS image sensors. Through outstanding technological innovation and efficient research and development capabilities, we have accumulated and built a mature core technology system, providing serialized and differentiated products to meet the market demand of multi-scenarios and full performance. The company has a relatively complete product matrix in the field of smart security, and always maintains a leading position in the industry. At the same time, the company launched a series of products in the field of automotive electronics and smart phones, which quickly gained market recognition and customer trust with excellent performance and quick response, and achieved rapid growth and improvement in turnover and market position. The company will continue to invest in R&D, constantly explore and innovate, widely apply core technologies to various fields, strengthen cooperation with customers, and improve product quality and service level to meet the escalating market demand and improve market share and industry competitiveness. The specific development strategy plan is as follows:

　　1. Further enrich product series and application fields.

　　At present, the application field of the company’s products has successfully expanded from smart security to smart phones and automotive electronics. The company plans to further enrich the product range, expand the application fields, and fully tap the application methods of the company’s existing core technologies, such as SFCPixe patented technology, night vision full-color technology, global shutter technology based on back-illuminated technology, etc. in other emerging fields.

　　2. Continuously improve the industry-leading R&D efficiency.

　　The company will continuously improve the industry-leading R&D efficiency, keep close contact with downstream applications and customers, continuously improve the company’s products, optimize and improve product performance and user experience, and enhance customer satisfaction, so as to increase market share and brand influence, and promote the steady growth of business.

　　3. Strengthen the construction of talent team.

　　The industry in which the company is located has high requirements for the background, research and development ability and work experience of technical talents. With the continuous expansion of the company’s business scale and the continuous enrichment of the product line, the company is facing more and more challenges. In this case, having outstanding talents will become the key factor for the company’s steady development in the future. Therefore, according to the future development strategic plan, the company will continue to optimize the allocation of human resources, further improve the internal talent training mechanism, and increase the introduction of high-end talents to build a world-class R&D and management team. This not only lays a solid foundation for the company’s sustainable development, but also helps the company to maintain its competitive advantage in the industry and achieve long-term stable growth.

　　(3) Business plan

　　In the future, the company will continue to optimize the product matrix, improve product performance and user experience, strengthen cooperation with core customers, expand cooperation areas, and actively explore new market opportunities, so as to enhance market share in smart security, smart phones, automotive electronics and other fields and achieve steady growth in turnover. At the same time, the company will continue to pay attention to brand building and marketing promotion, constantly enhance brand awareness and maintain a leading position in the highly competitive market. The specific business plan is as follows:

　　1, close to customer demand to enhance the ability of technological innovation.

　　Adhering to the vision of "let people see and know the world better", the company adheres to the concept of "taking customers as the core, and is committed to providing high-quality and intelligent video solutions", and has always developed a series of distinctive core technologies closely following the needs of customers. The company will further explore the customer needs of emerging image sensor applications such as smart security, smart phones and automotive electronics, and develop diversified and differentiated product series, covering a full range of high, medium and low-end products to meet the customer needs of different positioning.

　　2, increase the chip research and development capabilities.

　　The company has always adhered to the product development concept of "R&D generation, mass production generation and pre-research generation", and achieved high chip R&D efficiency under the blessing of "multi-pronged" supply chain and upstream and downstream resource system. The company will continue to increase its R&D capabilities so that it can quickly respond to changes in customer needs, so that its terminal products can better adapt to the complex and ever-changing market environment and achieve a win-win situation with customers.

　　3. Build a solid intellectual property system barrier.

　　During the reporting period, the company obtained 424 patents, including 194 invention patents and 230 utility model patents. In addition, the company obtained 27 software copyright registrations. Through continuous investment in R&D, the company has continuously iteratively upgraded its products and expanded its application fields, laying the foundation for products to maintain their leading edge. The company has built a core technology and intellectual property system to improve the signal-to-noise ratio, sensitivity, frame rate and dynamic range of CMOS image sensors, and will further improve intellectual property barriers through continuous technological innovation and technology accumulation in the future.

　　4. Strengthen the construction of R&D team.

　　The company attaches great importance to the introduction and cultivation of talents, regards the ability of the company’s R&D and technological innovation team as the company’s core resources, and has recruited technical talents at home and abroad, and has established an excellent R&D team. The company actively establishes an international talent cultivation system with R&D personnel as the core, strengthens the cultivation of R&D talents and the common culture of the company, while improving the professional skill level and project management level of R&D talents, and injects continuous energy support for the company to maintain long-term R&D innovation momentum.

　　5. Actively explore customer resources.

　　The company will further strengthen the close cooperation with end customers, deeply participate in the design of customers’ product schemes, and collect customers’ product demand information in time. In product design, we always keep pace with the increasing demands of customers, even ahead of them, and quickly implement them in product customization and development. According to the continuous updating requirements of customers, through the rapid iteration mode of "small steps and quick running" and convenient product upgrade channels, new products with better performance and better meeting customer needs will be launched in a short period to serve customers. With the good reputation among terminal brand customers, as well as the company’s rich product matrix and excellent product performance in smart security, smart phones, automotive electronics and other application fields, we actively expand new customer resources and continuously increase market share.

Group photo at the premiere of "Second Exposure"


Fan Bingbing "Second Exposure" poster


Huo Siyan’s "Second Exposure" poster

　　　 Movie Network News(Text/Jingyu) On September 24, the film held a media test screening in Beijing. After a year and a half of success, director Li Yu once again joined hands with Fan Bingbing to present an excellent psychological suspense drama for fans. In 105 minutes, the director used a rather complex narrative structure, psychedelic pictures and plots to present an ordinary murder story in a very interesting and beautiful way. Feng Shaofeng and Huo Siyan joined the two stars to add a lot of color to the film, but "Fan Ye" Fan Bingbing is the absolute protagonist of the film. In the film, she can not only show off her half-naked body without scruples, but also show the fragility and psychological collapse of women with tearful eyes, which can be said to challenge her acting skills.

The suspense of the film is comparable to that of "Mulholland Drive". The complex story is intriguing

　　　 The film "Double Exposure" tells the story of Song Qi (Fan Bingbing), a consultant for a cosmetic surgery company, who discovers the secret love affair between her boyfriend Liu Dong and her friend Zhou Xiaoxi. In a fit of rage, Song killed Zhou Xiaoxi on impulse. Song Qi, who is burdened with guilt for murder, begins to have constant hallucinations, and unknowingly, she gradually discovers the truth of the murder.

　　　 If the film were just about a bloody case between two women fighting for a man, it would be too simple and vulgar. In fact, when the director tells the opening story, he has already placed a few foreshadows, hinting at the more complicated story that follows. In particular, the heroine Song Qi spies on the cheating of her boyfriend and friend. With the eerie background electronic music, raindrops begin to fall from the sky, and the picture begins to become very psychedelic, suggesting that the protagonist seems to be in a similar illusory sleepwalking. And as Song Qi’s neuroticism intensifies, even the less sensitive audience can guess that what the protagonist is doing should be a fantasy.

　　　 When the mystery is solved in the middle of the film, the audience will feel a sincere sense of comfort in solving the mystery. It turns out that everything Song Qi does, although it is a fantasy thing, is a projection of another blood crime hidden in his psychology. Fantasy characters and recurring things are the prototype of another story, but they have undergone the most ingenious disguise and distortion of human psychology. And this technique is more common in suspense and thriller films, although not as good as David Lynch’sMulholland Drive.It is so complex and difficult to understand, but it still has an extraordinary structural charm, which alone shows that the film’s script skills are not shallow.

Next page: "Fan Ye" challenges the limit of acting, shows half-naked and plays forbidden love

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The design of the front face of ARCFOX Alpha T5 is simple and full of scientific sense, and the air intake grille is closed, which shows its status as a pure electric vehicle. The overall style tends to be younger and the lines are smooth, creating a dynamic visual effect.

The body size of the polar fox Alpha T5 is 4690mm*1936mm*1650mm, the wheelbase is 2845mm, and the front and rear wheel tracks are 1640 mm.. The side lines of the car body are smooth and dynamic, with 19-inch aluminum alloy wheels and 235/50 R19 tyre size, showing a strong sense of sports style and fashion.

The interior design of Arc Fox Alpha T5 is simple and fashionable, and the center console is equipped with a 15.6-inch large display screen, which is intuitive and convenient to operate. The steering wheel is made of leather, which supports manual adjustment up and down and forward and backward, providing a comfortable driving experience. The advanced speech recognition control system is built in the central control panel, which can realize the speech control of multimedia system, navigation, telephone, air conditioning, window and seat heating. In addition, the car is also equipped with USB and Type-C interfaces to meet the daily charging needs. The number of USB/Type-C interfaces in the front row and the back row is 2 and 1 respectively. In terms of seats, Alfa T5 is made of imitation leather. The main driver’s seat is equipped with front and rear adjustment, backrest adjustment, height adjustment (2-way) and lumbar support (2-way), while the co-pilot seat supports front and rear adjustment and backrest adjustment, and the front seats also have heating function. In addition, both the driver’s seat and the co-pilot seat are equipped with electric seat memory function, which makes the adjustment of different drivers more convenient and fast. The rear seats can be tilted in proportion, which increases the flexibility and loading capacity of the vehicle.

The Extreme Fox Alpha T5 is equipped with a high-efficiency motor with a maximum power of 185kW and a maximum torque of 360N·m, which provides a strong power output and a smooth driving experience for the vehicle.

He said that the design of the polar fox Alpha T5 is very attractive, the front of the car is round and full of science and technology, the headlights are slender, and the overall look is very sporty. He likes this design very much.

　　Xinhua News Agency, Los Angeles, December 16th, special feature: Why did the loss of a mountain fire hit a hundred-year record — — Reflection on Mountain Fire Disaster in California, USA

　　Xinhua News Agency reporter Huang Heng Gaoshan

　　On the real-time fire map of California Forest Fire Bureau, many mountain fires are still burning. Compared with the basically controlled mountain fire "Kemp", these mountain fires are small in scale, but they still make Californians nervous.

　　Recently, mountain fires "Kemp", "woolsey" and "Hill" have ravaged the north and south of California at the same time, causing at least 89 deaths and burning more than 20,000 buildings. The "Kemp" mountain fire has become the most deadly and destructive mountain fire disaster in the United States in the past 100 years because it claimed more than 80 innocent lives.

　　Although California mountain fires are related to natural factors, they also expose some problems such as outdated infrastructure, improper planning and insufficient budget in some parts of the United States, which causes American society to reflect.

　　Climate change policy is questioned.

　　On December 7, the US Environmental Protection Agency announced a new policy, which greatly loosened the restrictions on carbon emissions of new coal-fired power plants. This is the latest action of the Clean Power Plan issued by the current US government during its subversion of the Obama administration. In the eyes of many scientists, similar carbon emission loosening policies will aggravate global warming, thus leading to more "Kemp"-style deadly mountain fires.

　　According to the statistics of the National Inter-departmental Fire Center of the United States, four of the five largest mountain fires in California history occurred after 2012 in terms of fire area. The "Thomas Mountain Fire", which just set a fire area record at the beginning of this year, was surpassed by the "Mendocino Joint Mountain Fire" with a fire area of more than 1,148 square kilometers seven months later.

　　Neil Laru, an atmospheric researcher at the University of Nevada, Reno, believes that the frequent severe mountain fires are behind the trend of climate warming. "When the atmosphere warms, it also becomes hungrier." Strong winds accelerate the spread of fire, and at the same time, "thirsty" air will absorb water from plants, making vegetation more flammable. "Heat, drought and strong winds are all raw materials for mountain fires. It’s all collected this time. "

　　In the view of California Governor Jerry Brown, "Fire Devil" is rampant because of human factors. He emphasized to the media and the public that global warming and the increase in extreme weather are the fundamental reasons for the destructive power of California mountain fires. Humans need to "stand with nature" to stop the trend of global warming.

　　This is an important part of the White House’s policy philosophy. The current U.S. government not only withdrew from the Paris Agreement on Climate Change, but also abolished a series of energy reform measures formulated during the Obama era by administrative order, and even planned to force the reduction of automobile exhaust and carbon emission standards of coal-fired power plants.

　　Coincidentally. When reflecting on the severe flooding caused by Hurricane Harvey in Houston last year, many scientists also expounded the relationship between climate change and frequent hurricanes. Jim Black, a professor of environmental engineering at Rice University in Texas, told reporters that in the United States, climate change has almost become a taboo topic, and he does not agree with this practice. He believes that facing up to climate change will help to deal with disastrous weather conditions to a certain extent.

　　"These measures [to loosen carbon emission restrictions] mean that when people face heat waves, droughts, fires and floods, the government will ignore them. These disasters will become more terrible because of climate change. " Ken Chimel, president of the American Union of Concerned Scientists, told reporters.

　　Infrastructure aging buried hidden dangers.

　　In addition to the "bad weather", California suffered heavy fire losses in the past two years, which also reflected two major livelihood issues that have plagued the United States for many years, namely, the housing crisis and the aging of infrastructure. Failure to nip in the bud is closely related to these disadvantages of people’s livelihood.

　　In California, for example, the housing needs of a large number of low-income people have been unable to meet for a long time, and their homes have been forced to gradually expand from the edge of the city to the adjacent wild forest areas, some of which are even the originally planned urban fire belts. In order to ensure the real estate tax that supports local finance, some municipal authorities have relaxed supervision on developers. As a result, a large number of buildings were illegally built in the forest. Once a mountain fire happens, it is easy to cause huge personal and property losses.

　　Richard halsey, an expert on mountain fires, wrote in the Los Angeles Times that the social reasons behind mountain fires must be acknowledged, including "poor planning". "They allow developers to leave hidden dangers during development, but let firefighters take the blame."

　　The aging of power, communication, emergency and other infrastructure has seriously affected the life-saving and escape measures such as fire warning, notification and evacuation. The communication signal in the mountainous area of California is extremely poor. In Paradise Town, the hardest hit area of the mountain fire "Kemp", many victims who escaped from the fire confirmed to reporters that about one-third of the 27,000 residents in the town did not receive the mandatory evacuation order issued by the police through mobile phones, networks and other channels when the mountain fire occurred.

　　According to an after-the-fact investigation by the California Public Facilities Committee, the first batch of firefighters who rushed to Paradise Town arrived at the scene 10 minutes after the fire broke out, at about 6: 45 am on November 8. Due to the shortage of local base stations and communication difficulties, although the county sheriff’s office quickly issued an evacuation order, it was past 8 o’clock when the first batch of residents learned the order, and by 10: 15, the mobile communication signal in Paradise Town was completely interrupted.

　　Savannah Lauscher, a resident of Paradise Town, recalled that when she received the alarm at about 8: 30, the ashes had drifted outside her house. "We saw a wall of fire. The Woods 50 yards (about 45 meters) away are burning and moving forward at a speed of almost 10 yards (about 9 meters) per minute. " Their family escaped by car like most people, but the road was so congested that they had to drive into the opposite lane to find a way out. Many people abandoned their cars and fled, while many people who stayed in the cars were burned to death.

　　Old power facilities are also a great hidden danger. According to the investigation report of the California Forest Fire Bureau on the cause of the fire in 2017, of the 21 large-scale fires in that year, 17 were caused by the equipment failure of Pacific Gas and Power Company. According to reports, the cause of the "Kemp" mountain fire may also be related to this.

　　Insufficient special budget attracts criticism.

　　The frequent occurrence of catastrophic mountain fires highlights the shortage of funds related to disaster prevention and relief in the United States. When the fiscal deficit and debt are rising, the U.S. government insists on using more government budgets in the military field, and does not hesitate to squeeze the budgets of federal agencies related to people’s livelihood. In addition, short-sighted economic and fiscal policies have magnified the shortcomings of insufficient and unbalanced disaster prevention and relief resources in the United States at this stage.

　　In FY 2018, the department responsible for forest fire prevention at the federal level — — The overall fire budget of the US Forestry Administration decreased by 17%, of which the budget for fire fighting was 1.06 billion US dollars, and in fiscal year 2017, the bureau spent more than 2.5 billion US dollars on fighting mountain fires. Overexpenditure on fire fighting has resulted in less and less expenses on fire prevention and related scientific research.

　　Us president trump accused California of failing to clean up dead trees and weeds in the forest in time after the "Kemp" mountain fire. The budget table of the US Forestry Administration shows that this year’s federal budget will directly reduce the budget for "cleaning up dangerous combustibles" from more than $37 million to zero. The inter-departmental "Joint Fire Science Research Project" has funded 280 sub-projects in the past 10 years, which has played a great role in guiding the disaster reduction and prevention of mountain fires. However, the funding for this research project in 2018 is less than a quarter of that in 2011.

　　Due to historical reasons, a large area of land in the western United States belongs to the federal government. Take the forests of California as an example, 40% are owned by federal agencies, 30% are privately owned, and 30% are owned by the California government. The federal government has invested less in the prevention, control and scientific research of mountain fires, so the state government has to use local financial funds to advance. In 2016, California paid $16 million in firefighting funds for the federal government. Until 2017, the money was not returned, which led California to threaten to stand by and watch the fires in the federal government’s jurisdiction.

　　The California mountain fire also exposed the imbalance in the allocation of disaster relief forces of local governments in the United States. An official of the Los Angeles Fire Department told the reporter that "Kemp" caused heavy casualties in northern California, while the other two fires near Los Angeles caused relatively light losses. The most direct reason was that the local government in southern California had more money, so it could hire more firefighters, professional firefighting planes and other large equipment. The worst-hit paradise town, which is located in Buyut County, is one of the poorest places in California.

　　The casualties and losses caused by a fire are heartbreaking. The inability of the federal and local governments to cope with the disaster has exposed the shortcomings of American social governance. These deep-seated contradictions and problems should arouse the reflection of the American government and society, otherwise, the future fire and water disasters will only be more ruthless. (Participating in reporters: Wu Xiaoling, Changyuan, Gaolu, Liu Liwei)

Zhang Xinghua

Cctv newsZhang Xinghua, born in 1988, is now the assistant to the squadron leader of the First Squadron of Dongchuan Brigade of Xining Public Security Fire Brigade. Since the police, he has been rated as an advanced individual in Yushu earthquake relief of the Fire Department of the Ministry of Public Security, and won the third-class merit twice. He is like a screw that never loosens, always escorting the property safety of the people.

Dedicate yourself to the police camp.

Zhang Xinghua was born in an ordinary peasant family. Joining the army was his childhood dream and his greatest wish since then. Since the day he became a soldier, he has the expectation of his hometown elders and is determined to make a career in the army.

Since joining the army, he has to get up half an hour earlier than others every morning, cleaning and doing chores. He has done everything in an orderly way and left his shadow in every corner of the army camp.

During his tenure as an assistant to the squadron leader, he insisted on training, working and studying with the soldiers, and often used his rest time to have heart-to-heart talks with other comrades, to understand the soldiers’ family life, personal hobbies, plans to come to the army, etc., and to accurately understand the ideological pulse of the whole team at any time.

Give up one’s life and forget one’s death.

At 2 pm on October 16th, 2012, a thrilling scene happened on the fifth floor of Building 7, Qingyiyuan Community, Xiadu Street, Chengdong District, Xining City. A man was sitting in the fifth floor window with his one-year-old daughter in his arms because of a family dispute, threatening to jump off the building and commit suicide. He was so excited that he could jump at any time.

At the critical moment, Zhang Xinghua jumped down from the sixth floor, pushed the man into the house with a precise foot, and then quickly entered the house from the window to control him. After this video was exposed on the Internet, it was quickly reprinted by many websites, and the reputation of Xining Fire Fighting "Flying Brother" spread like wildfire.

Train hard, devote yourself to fire fighting and strive for honor

In view of the actual situation of the squadron, Zhang Xinghua made careful preparations and scientific training, rationally arranged the training time and progress, carried out training in various forms, increased ideological education and publicity of tournament competition, popularized advanced training experience and practices, and solved the training problems. He knew how heavy the burden was on his shoulders. When the leader asked him if he could carry two burdens on one shoulder, his answer was only hit the floor’s words: "Ensure to complete the task!"

In participating in the 100-meter attack skill project, Zhang Xinghua quickly completed every small movement with the accumulated experience of long-term training, refined and beautifully transported the last bottle, and with super physical strength and tenacious perseverance, he successfully completed the competition project with a good score of 1 minute and 19 seconds. It has achieved the first good result in this subject in the province, adding a heavy sum to the group points of the squadron.

Under his leadership, the squadron stood out among the 34 participating teams, and the double trunk water supply exercise won the first place in the province and finally won the third place in the group, making a historic breakthrough.

Rescue, no regrets, youth casting police soul.

During the "April 14th" Yushu earthquake in 2010, Zhang Xinghua rushed to Yushu Tibetan Autonomous Prefecture in Qinghai Province to participate in earthquake relief under the unified mobilization of the Provincial Fire Corps. During the 72 hours of gold rescue, Zhang Xinghua worked closely with his squadron comrades to fight day and night, excavating 11 victims and saving about 400,000 yuan of people’s property.

During the flood control and flood fighting in Golmud in July, 2010, Zhang Xinghua was brave and tenacious, charging ahead, risking his life again and again with his comrades, charging at the forefront of flood fighting and rescue, braving wind and rain, coping with floods, building dams, fighting disasters and rescuing on water, and building a series of safety dams. He transported sand and gravel with his comrades-in-arms. When there were not enough people to fill the sand and gravel, he simply bandaged his finger when compiling the barbed wire and continued to work. In this harsh climate and difficult conditions, he fought for seven days in a row and blocked the breach dam with his comrades-in-arms for more than 700 meters.

In the past 10 years, Zhang Xinghua has successively completed more than 680 rescues such as Yushu earthquake relief, Golmud flood control, Zhouqu mudslide in Gansu, and 4.9 textile building fire, rescued and evacuated more than 360 people trapped, and saved more than 35 million yuan in economic losses for the country and people. He explained a soldier’s devotion to fire fighting with practical actions. (Source: Ministry of Public Security)

　　The reason remains to be investigated! An explosion occurred near a chemical plant in Zhangjiakou, killing 23 people and injuring 22 others.

　　In the early morning of November 28th, an explosion occurred near Shenghua Chemical Co., Ltd., Dacanggai Town, Qiaodong District, Zhangjiakou City, Hebei Province. At present, the accident has caused 23 deaths and 22 injuries. The injured have been taken to the hospital for treatment, and there is no open fire at the scene. The explosion of chemical substances has a chain reaction, and the specific reasons are to be investigated.

　　Zero tolerance for crimes against minors! Four criminals were executed.

　　On November 28th, according to the execution order issued by Dean the Supreme People’s Court, four criminals, Chen Yuzhang, Pan Yonggui, Xu Chuanyun and Yang Shengsong, were executed according to law.

　　Among them, Chen Yuzhang, a criminal, sexually assaulted female students by taking advantage of his teacher status and convenient conditions. More than ten female students were killed, and most of them were young girls. Many of them were raped many times, and some even dozens of times. The murdered girl was devastated physically and mentally.

　　Xiao Bian believes that minors are the future of social development and a special vulnerable group. The problem of committing crimes against minors is becoming more and more prominent, and such problems have attracted more and more attention. The protection of minors requires the joint efforts of the state and all levels of society to improve the relevant legal system and severely crack down on criminals.

　　The results of the special inspection of the network car are announced: Didi Company has seven major problems

　　On November 28th, the Ministry of Transport held a media briefing on the joint safety special inspection of the network car ride, and reported the results of the safety special inspection of the network car platform some time ago. Didi Company mainly has seven major problems: First, there are major safety hazards in the ride products; Second, the implementation of the main responsibility of safety production is not in place; Third, the problem of illegal operation of the network car is outstanding; Fourth, the foundation of emergency management is weak and the efficiency is low; Fifth, the risk of social stability is outstanding; Sixth, there is a big problem of hidden dangers in public safety; Seventh, there are potential risks in Internet information security.

　　It will be implemented in December! This new regulation stipulates that the maximum prize can be 600 thousand

　　The Office of the National Working Group on Combating Pornography and Illegal Publications, the Ministry of Finance, the State Press and Publication Administration and the State Copyright Administration jointly revised and issued the new Measures for Rewarding Reports on Combating Pornography and Illegal Publications, which will come into effect on December 1.

　　The method specifies 11 kinds of reward standards for reporting meritorious personnel in detail, and improves the relevant reward standards. If you report illegal publishing activities, the maximum reward can reach 600 thousand yuan; The maximum reward for reporting online information and applications that endanger minors’ physical and mental health and social morality can reach 50,000 yuan.

　　He Jiankui appeared at the Gene Editing Summit and said that the school was completely unaware of it.

　　On November 28th, He Jiankui, a China scholar who was controversial because of the news that "genetically edited baby was born in China", appeared at the second international summit on human gene editing, and participated in the speech and discussion on the theme of "human embryo gene editing".

　　It said at the scene, "My university doesn’t know my experiment at all". Xu Nanping, Vice Minister of Science and Technology, said, "This time ‘ Gene editing baby ’ If it is confirmed that it has been born, it will be dealt with in accordance with the relevant laws and regulations of China. "He Jiankui did not respond in his speech.

　　463.6 million! Su Dongpo’s only hand-painted painting has been displaced overseas for more than 80 years and returned home at the end of the year.

　　On the evening of November 26th, in the special performance of "Extraordinary-One Thousand Years of Aesthetics in Song Dynasty" in Christie’s Hong Kong, with the crisp sound of the auctioneer’s hammer dropping, he was exiled overseas for more than 80 years, and it was determined that Su Dongpo’s only handwritten painting of Su Dongpo’s "Dead Wood and Bamboo Stone Map" (also known as "Wood and Stone Map") was sold for 463.6 million Hong Kong dollars (including commission). This painting is precious because Su Dongpo has more words than paintings. The response from Christie’s said that the buyer came from the institutional collection in Greater China, "so it must be returned to Chinese." This is also the last 40 years, following the handwritten scroll of Yan Shan Ming written by Mi Fei in Song Dynasty, the three bronze statues of the bull’s head, tiger’s head and monkey’s head in Yuanmingyuan, the map of the Five Cows written by Han Lian in Tang Dynasty and the tiger’s figure in Warring States Period, another top national treasure has returned, and the cultural relics circle in China is once again boiling for it.

　　Drugs, the "most beautiful" 43-year-old singer Chen Mou was arrested for taking drugs and illegally possessing drugs.

　　According to the news, on November 26, 2018, Beijing Shijingshan Public Security Bureau arrested two drug-related offenders, Chen Mou (male, 43 years old, singer) and He Moumou (female, 25 years old, unemployed), and seized 7.96 grams of ice and 2.14 grams of marijuana at the scene. After urine test, Chen Mou was positive for methamphetamine and cannabis, and He Moumou was positive for cannabis. At present, Chen Mou is in administrative detention for taking drugs and illegally possessing drugs, and He Moumou is in administrative detention for taking drugs. The case is under further work.

　　Although the master issued a rumor statement, the face hit came too fast, and the internet speed was faster, which could not keep up with the hand speed of the majority of netizens! Please wait for further investigation by the police.

　　The author of The Lord of the Rings was also labeled as "racist" because he discriminated against orcs.

　　According to foreign media, a report on the website of "Russia Today" (RT) on November 28th told readers that the author Tolkien was "on the stand": some people said that he was a "racist" because of "discriminating against orcs".

　　The Russian media put it this way: In 2018, when everything was racist, an American science fiction writer accused Tolkien of portraying the characters in The Lord of the Rings. The American writer compares the image of the orcs in The Lord of the Rings with the real immigrants and refugees, saying that "they are just misunderstood".

　　For three years, I only ate fried chicken, hamburgers, barbecues and cokes almost every day. The blood of a 17-year-old girl turned pink.

　　"I will never eat junk food again." Yesterday (November 27th), a 17-year-old girl named Xiao Qian was lying in the intensive care unit and regretted it. For more than three years, she ate hamburgers, fried chicken and barbecues almost every day, only drinking cola instead of water. Unexpectedly, she was sent to the hospital with sudden abdominal pain, and the blood drawn was rare pink, which solidified instantly and could not be recognized by the instrument. In the past few days, the medical staff of Hanyang Hospital rescued her urgently and "cleaned up" 8,000 ml of white "fat liquid" from her blood for three consecutive days, only to save her life.

　　The doctor said that Xiaoqian himself suffers from familial predisposition diabetes, coupled with a long-term intake of high-calorie and high-sugar "junk diet", which leads to excessive accumulation of fat in the blood and the blood turns pink. The "off the charts" of blood lipid concentration leads to a serious disorder of metabolism in Xiao Qian’s body, and various organs sound a "critical alarm".