Both vehicles are extended-range vehicles with their own fuel and batteries. Generally, the battery capacity of extended-range vehicles is not large, but the ideal l9 battery capacity is 52.3kwh, which is 52.3 kWh.

The power of the built-in AC charger is 7KW, and it takes 52.3kwh÷7kw≈7h to charge from 0.

As a large SUV, the power consumption is high and the charging demand is large. You can refer to the following four common charging methods.

The first type: DC fast charging

The advantage is that it is fast and a good way to temporarily replenish electricity.

At present, there are dozens of kilowatts of small DC charging piles and hundreds of kilowatts of super-charged piles. If you go to the ideal 5c overcharge station, you can last 500 kilometers in 12 minutes. Although the ideal l9 can’t reach the ultimate power, it can last for 200 kilometers in 30 minutes, and it is basically full in 40 minutes. An ordinary charging station takes about an hour.

However, although DC charging is fast, more charging times will consume the car battery. For the protection of the battery, it is generally recommended to keep 20%-80% charge at fast charge.

Cyclists can run long distances at high speed, and they can temporarily use fast charging and recharging, or they can choose to work with fuel. If you want to protect the battery, you can choose AC slow charging for stable charging.

The second one can install household charging piles.

The advantages are convenient and stable charging, and no damage to the battery.

At present, the most common way is not only to recommend ideal l9 car owners to install household charging piles, but also for new energy car owners.

Moreover, with the rapid development of new energy, the demand for home charging is getting higher and higher, and many communities have insufficient problems. It is suggested that the owner can install the household charging pile as soon as possible.

Before installing the charging pile, you need to apply for an electric meter. You can go to the power grid business hall with relevant materials in person, or you can choose to download the APP application online. Applications for installing electric meters are free, and the power supply bureau will not embarrass riders.

Usually, when I get home from work, I will replenish the power, which is full of automatic power failure, so I don’t have to worry about battery maintenance. Charge when you make an appointment to go to the valley. Three hairs are charged once and 15 pieces are full, so you don’t have to worry about the cost of using the car at all. And buy LI to send charging piles, and the master will provide on-site service. The 7KW charging pile can charge the ideal l9 up to 7 kWh an hour. It takes 52.3KWH÷7KW≈7H to fill from 0.

The third type: install 7KW charging at will.

Advantages are mobile charging piles and dual-purpose charging with the vehicle.

More suitable for riders with two or more needs. Household charging piles are really convenient, but they cannot be carried.

Car owners often go back to their hometown or need to work in several fixed places. It is not cost-effective to install charging piles everywhere, and it is ideal to send only one charging pile. At this time, choosing Punod to charge at will can perfectly solve the demand. Mobile charging pile, to achieve a multi-purpose.

You only need to install a special socket in the place where you often live, and the charging power can reach 7kw, charging 7 kWh an hour, perfectly reaching the ideal maximum charging power of l9. It takes 52.3KWH÷7KW≈7H to charge from 0, which is the same as the charging time of household charging piles.

Along with the pile, two adapters 16A and 10A are given. For traveling and going to work in the company, riders who have time to replenish electricity in pieces can connect these adapters and plug them into a 220v air conditioning socket or an ordinary socket to replenish electricity.

Put it in the trunk when you don’t need it. It doesn’t take up space. Moreover, it is also equipped with a display screen to observe the data. You can also adjust the current according to the demand. For example, if the current in rural self-built houses is not enough during the day, you can drop part of the current first and then rise back at night.

Of course, you also need to apply for a new energy meter when charging at will, and the method is the same as that of a household charging pile.

The fourth type: choose a car charger.

The advantage is that you don’t need to apply for an electric meter, and you can charge it whenever you want.

Car owners can’t apply for installing meters, for example, they like traveling and need to move. However, it is really convenient to choose to charge with the car if there is fragmentation time to recharge the electricity.

Light weight, small size, usually put the back box does not take up space. It’s also very convenient to use. Plug in the air conditioner socket for 16A, and you can charge it anywhere.

Although the price of on-board charging is cheap, there are still many on-board charging power less than 3.5KW, and the quality is not guaranteed. Choose Punod 16A3.5KW car charger, with high power, high speed, good quality, stable charging and more secure use.

Give a 10A adapter as a gift. If the owner can’t find the air conditioning socket temporarily when traveling, connect the adapter and it can be recharged normally.

Plug it directly into the air conditioning socket to supplement 3.5 kwh of electricity for one hour.It takes 52.3KWH÷3.5KW≈15H to charge from 0, and it can last for 200km after one night.

Use a 10A adapter to plug it into an ordinary socket to supply 2.2 kWh of electricity for one hour.It takes 52.3KWH÷2.2KW≈23H to charge from 0, and it can last about 150km for one night.Perfect solution to riders’ endurance anxiety.

Some car owners can’t tell the difference between 16A air conditioning socket and 10A ordinary socket.

Actually, it’s very simple. The bigger one is 16A air-conditioning socket, and the smaller one is 10A ordinary socket.

Air conditioners, water heaters and other high-power electrical appliances use. 10A socket for electric kettle, rice cooker and other low-power appliances.

If you buy a tram, you will go around more. The electricity bill is cheap and the car cost is low. For example, the daily power consumption range of ternary lithium batteries is suggested to be 20%-90%, and it can be fully discharged at least once a month (Wally: the battery reaches 90%, and the battery life is below 50km).

[car home Shantou Preferential Promotion Channel] Recently, in Shantou market, a great deal of preferential price reduction has been ushered in, with the highest preferential amount reaching 140,000 yuan and the lowest starting price of only 346,000 yuan, which is unprecedented. For consumers who are interested in buying this model, this is undoubtedly an excellent time to buy a car. Please click "Check the car price" in the quotation form to get higher discount.

Mercedes-Benz EQE SUV adopts the iconic front face design with a closed air intake grille, which shows its pure electric identity. The overall lines of the car body are smooth and dynamic, creating an avant-garde and luxurious style. Whether it is urban roads or suburban trails, Mercedes-Benz EQE SUV can show its unique charm.

Mercedes-Benz EQE SUV has a length, width and height of 4880*2032*1679mm, a wheelbase of 3030mm, a front tread of 1649mm and a rear tread of 1662 mm.. The side lines of the car body are smooth, with 19-inch rims, and the tyre size of 235/55 R19 is adopted, showing a fashionable and dynamic style.

The interior style of Mercedes-Benz EQE SUV combines modern technology with luxury and comfort, presenting a simple and exquisite beauty. The steering wheel wrapped in leather is not only delicate to the touch, but also has electric up-and-down and forward-and-backward adjustment functions to ensure that drivers can maintain the best grip in different driving postures. The center console is equipped with a 12.8-inch large touch screen, which integrates the functions of multimedia system, navigation, telephone, air conditioning and skylight control, and supports voice recognition control, making the operation more convenient. In addition, the car is also equipped with mobile phone wireless charging function and multiple USB/Type-C interfaces to meet the daily charging needs. The seat is made of high-quality imitation leather. The main and co-pilot seats have the functions of front and rear adjustment, backrest adjustment, height adjustment, leg rest adjustment and lumbar support adjustment, and support heating and ventilation functions, providing excellent comfort for drivers and passengers. The power seat memory function further enhances the driving experience.

Mercedes-Benz EQE SUV is equipped with a high-performance engine with a maximum power of 300 kW and a peak torque of 858 Nm, which provides a strong power output and a smooth driving experience for the vehicle.

To sum up, Mercedes-Benz EQE SUV has won the recognition of its owners with its excellent power performance and luxurious interior. As the owner of car home said, "The power is good, the interior is luxurious, and Mercedes-Benz has its own aura".

On April 1 ST, recently, SAIC Volkswagen launched a new and outstanding version of LaVida, including two models, with a limited time price of 7.999-8.799 million yuan. The government has also introduced a number of car purchase privileges, including free time-limited purchase tax, up to 20% discount for three years, 85% discount for two years and 10% discount for one year. In addition, car owners can get V beans equivalent to 300 yuan.

IT House noticed that the appearance of the new car continued the design of the models on sale and adopted the front face of the cutting-edge starry sky. The black through mesh is combined with LED headlights, and the front enclosure decorated with lattice chrome further enhances the recognition of the front face.

Viewed from the side, a waistline runs through the whole body, giving the vehicle a strong sense of strength. In addition, the flower-shaped wind blade hub further enhances the sense of movement on the side. In terms of body size, the length, width and height of the new car are 4561mm, 1740mm and 1494mm respectively, and the wheelbase is 2651 mm. On the tail side, the new car is equipped with an energy arrow feather LED taillight, which increases the recognition of the tail.

In terms of interior, the central control panel of the new car is adjusted from suspended to embedded central control panel, and it is equipped with a full LCD instrument panel. In terms of configuration, the new car is equipped with Kessy keyless entry and one-button start function, and six airbags are standard in the whole system. The front seats are designed with an integrated backrest, wrapped in a large area of leather, and matched with different colors according to different interiors.

In the power part, the new car is equipped with a 1.5L naturally aspirated engine with a maximum power of 81kW and a peak torque of 141N?m. In terms of transmission, the new car is matched with a 6-speed automatic gearbox.

　　

　　The Middle East has always been an arena for fierce competition among great powers. In recent months, the key part of this world geopolitical chess game has changed the situation because of a few clever moves by a chess player, that is, Russia launched an attack on ISIS in Syria.

　　According to the official Syrian news agency, since the Russian Air Force cooperated with the Syrian army at the end of September, the Russian army has carried out nearly 1,391 air strikes, destroying 1,623 targets of terrorist organizations, including command centers, training bases and ammunition workshops. Terrorist organizations have suffered heavy losses and have been forced to adopt defensive strategies. In addition to Russian air force fighters, the Russian army has also deployed small-scale special forces and TOS-1A fire-breathing tanks in Syria, and Russian naval warships have also launched cruise missiles for long-range strikes.

　　Judging from the scale of Russia’s military investment in Syria, this is a tactical action below the division level. However, the author believes that,This tactical action can be called a "crowbar with amazing energy", achieved the strategic effect — — Russia has achieved two important strategic goals through its limited military operations in Syria:

　　First of all, Russia chose to carry the right banner at the right time and decisively launched military action, which stabilized Russia’s sphere of influence in the Middle East and enhanced its international prestige.

　　Russia considers itself a world power (in fact, it is indeed the largest land power in the world), and of course it cannot sit idly by and watch itself being expelled from this key geopolitical zone of the world, and its last stronghold in the Middle East is Syria. "The right time" means that the United States is playing a game with China, the world’s largest land-sea complex country, on the South China Sea issue. Russian troops at this time can make the United States fall into a dilemma on two fronts in the overall situation; Playing the "anti-terrorism banner" made Russia’s military strike division famous, making the United States and Europe blameless both politically and morally.

　　Russia’s painstaking plan to send troops has achieved remarkable results: the Syrian government forces quickly stabilized the front line, and the situation began to develop in a favorable direction for Russia, at least removing the security threat it faced in its last stronghold in the Middle East. In addition, before using the Caspian Fleet frigate to launch a cruise missile attack, Russia informed the Iranian side, showing the close relationship between the two countries. The success of military operations has made the world sit up and take notice of Russia. At the same time, it has also set off the inefficiency and incompetence exposed by western countries in cracking down on ISIS in the Middle East, which has invisibly improved Russia’s international prestige.

　　Secondly, Russia’s series of actions in Syria have changed the offensive and defensive posture of the United States and Russia. At this stage, the future trend of the situation in the Middle East seems to be unfavorable to the United States.

　　Once upon a time, the high-handed policy of the United States made Russia once face the trend that mountains and rains were coming — — Launch a color revolution and erode Russia’s traditional sphere of influence; Developing shale gas and manipulating the decline of international oil prices will make a radical contribution to the Russian economy; Impose economic sanctions on Russia under the pretext of Ukraine issue … … Russia is caught in a double dilemma of geopolitics and national economy.

　　This time, Russia’s decisive action in the Middle East has quite the effect of "encircling Wei to save Zhao": the western countries led by the United States have been unable to continue to entangle with Russia on the Ukrainian issue and can only think about how to "stop falling" on the Middle East issue. The development of ISIS is not unrelated to the United States — — From its systematic American machinery and equipment, it can be seen that the United States is not opposed to its development and growth, and Russia’s attack on it may not lack the intention of shocking the mountain.

　　Because of its outstanding performance in combating terrorist forces, Russia has occupied the commanding heights of morality and public opinion, and the game between Russia and the United States in the Middle East has turned to Russia to attack the United States. In addition, the development of Iran’s strength and the deterioration of the relationship between the United States and Saudi Arabia, and the contradiction between the United States and European allies has further deepened due to the refugee problem, at this stage, the future situation in the Middle East seems to be unfavorable to the United States.

　　However, due to the weak international oil price, the national economic difficulties, the unrest in Ukraine and the wave after wave in Syria,The future of Russian "Giant Bear" is not a Ma Pingchuan.

　　First of all, the contradiction between goal and strength makes Russia’s military presence in Syria unsustainable.On the one hand, according to western countries’ estimation, Russian military operations in Syria cost 100 million US dollars every day, which is really a big financial burden for a country whose GDP in 2014 was less than 1.5 trillion US dollars. On the other hand, Russia’s military operations have exposed its hidden dangers: Russian planes attack more than 2 times a day, nearly 3 times, and maintain it for many days, which has reached the theoretical limit; Among the Russian frigates launching cruise missiles in the Caspian Sea, the largest type 11661K has a displacement of 1930 tons, and the smallest type 21631K has only 560 tons, all of which are light frigates. In contrast, the displacement of the Type 052C destroyer and the Burke-class destroyer in China and the United States performing similar tasks is 7,000 tons and 9,000 tons respectively. This can be seen from the double embarrassment of the Russian army in finance and technology.

　　Secondly, it is easy to stop the war at the beginning, and how to end the war openly tests Putin’s political wisdom.In the protracted tug-of-war, the Syrian government forces have been weakened and unable to launch a large-scale counterattack. Russia is in a dilemma: if it does not dispatch ground troops, the previous efforts will be in vain; If ground troops are dispatched, not only will the war costs soar, but the nature of its military operations will change — — The "anti-terrorism banner" may fail, and may stimulate western countries to increase their involvement. If so, Russia may have to fall into a protracted war, which is the embarrassing situation that countries with financial constraints need to try their best to avoid.

　　In addition, Russia’s deep attack on ISIS in Syria may cause extremist forces to rebound and frequently carry out terrorist attacks on Russia to show revenge.According to the British "Times" website reported on November 8, the Russian Airlines crash on October 31 was caused by a bomb placed on board by the Sinai branch of the "Islamic State" organization.

　　To sum up, the Russian military’s involvement in Syria has stabilized Russia’s presence in the Middle East to some extent while cracking down on terrorists. However, its strong action did not give Syria the hope of peace, on the contrary, it increased the variables of war. Moreover, due to Russia’s limited national strength and a series of external uncertainties, it is not clear how long this favorable situation can last. (Ma Yao, Special Research Fellow, School of International Relations and Public Affairs, Shanghai International Studies University)

Xiaomi officially submitted a listing application to the Hong Kong Stock Exchange, which also stirred the Xiaomi concept stocks in the A-share market.

Wind data shows that on May 4th, under the background that the Shanghai Composite Index fluctuated within a narrow range throughout the day, the Xiaomi industrial chain index closed down by 0.81%, and there was no daily limit of Xiaomi concept stocks. Only three concept stocks rose by more than 3%, namely Fenda Technology (002681), Keda (600986) and Su Daweige (300331).

Looking back on May 3rd, the industrial chain index of Xiaomi rose by 3.01%, and the concept stocks Fenda Technology and Anjie Technology (002635) closed at the daily limit, while Changying Precision (300115), Aoshikang (002913) and Jingda Shares (600577) were among the top gainers.

On May 3rd, the concept stocks of Xiaomi industrial chain were among the top gainers. Source: Wind

According to Xiaomi’s prospectus, its revenue composition is mainly divided into four revenue business segments: smart phone, IoT (Internet of Things) and consumer products, Internet service and others. In 2017, its revenue was 80.563 billion yuan, 23.447 billion yuan, 9.896 billion yuan and 716 million yuan respectively, accounting for 70.3%, 20.5% and 8.6% of the total revenue.

"This is our original triathlon business model: hardware+new retail+Internet service." Lei Jun said in the latest open letter that "Xiaomi is an Internet company with mobile phones, intelligent hardware and IoT platform as its core." Judging from the layout of Xiaomi, its eco-chain products cover air purifiers, rice cookers, water purifiers, electric fans, air conditioners and other fields.

According to the previous research reports of various brokers, The Paper found that most institutions believe that Xiaomi’s product matrix has initially taken shape, from mobile phones to the Internet of Things, completing the transformation from startups to technology unicorns.

GF Securities said in the research report that from the "iron triangle" to the Xiaomi ecosystem, Xiaomi has a strong growth momentum and is expected to become an emerging Internet technology force after BAT.

"Driven by manufacturing power, new innovation, Belt and Road Initiative, new retail policy and industrial strategic trends, Xiaomi’s industrial chain as a whole will fully benefit, including the two major benefit chains of’ eco-chain+supply chain’, in the following order: Xiaomi’s eco-chain terminal product manufacturers benefit the most, followed by Xiaomi’s foundry company with a large proportion of business, and finally the supply chain parts company."

Xiaomi ecosystem. Source: Xiaomi Prospectus

Xiaomi ecological chain

In 2013, Xiaomi began to set foot in the ecological chain of the Internet of Things. From the initial mobile phone peripheral products, such as Xiaomi mobile power supply, Xiaomi patch panel, piston earphone, etc., to the later intelligent hardware and daily consumables, such as mi band and air purifier, the business of Xiaomi ecological chain has been growing, involving intelligent hardware, smart home and so on.

According to the statistics of orient securities Research Report, by 2017, Xiaomi has invested in more than 100 eco-chain companies and released more than 200 products.

Southwest Securities believes that the Xiaomi ecological chain has played a "catfish effect" on the industries involved, stirring the industry through cost-effective products, changing the product definition of this industry, reconstructing the industrial chain, and transforming traditional industries by improving efficiency.

"For enterprises in the ecological chain, Xiaomi has a huge user base and can provide sufficient financial support. With relatively mature product methodology and strong supply chain resources, ecological chain enterprises can quickly become bigger and stronger with Xiaomi’s platform."

According to Xiaomi’s prospectus, Xiaomi has built the world’s largest consumer-grade IoT platform, connecting more than 100 million smart devices (excluding mobile phones and laptops). In 2017, according to the number of connections, Xiaomi’s global market share of consumer-grade IoT hardware was 1.7%, followed by Apple 0.9%, Amazon 0.9%, Samsung 0.7% and Google 0.6%.

Xiaomi Eco-chain listed company. Source: GF Securities

Based on the opinions of a number of brokers and the announcements of listed companies, The Paper listed the three most concerned by the institutions.

The concept underlying stocks are for investors’ reference and do not constitute investment advice.

Gongda electroacoustic (002655)

Gongda Electro-acoustic is a manufacturer, service provider and overall solution provider of electro-acoustic technology.

Wanmo Acoustics, Xiaomi’s first eco-chain company, has indirectly become the largest shareholder of electroacoustic. On December 29, 2017, a total of electroacoustic announcements were made, saying that Weifang Hi-Tech, the controlling shareholder, transferred all its 15.27% shares to Aisheng Acoustics at a transaction price of 995 million yuan. After the transaction was completed, Aisheng Acoustics became the largest shareholder of the company.

Wanmo Acoustics, a Xiaomi eco-chain enterprise, holds 100% equity of Aisheng Acoustics. Wanmo Acoustics was founded at the invitation of Lei Jun, and was also invested by Lei Jun’s angel at the beginning of its establishment. Shunwei Capital, a subsidiary of Xiaomi, currently holds 11.3% equity of Wanmo Acoustics. Wanmo Acoustics cooperated with Xiaomi to launch Xiaomi piston earphone, and the total electroacoustic sound also entered the ecological chain of Xiaomi earphone.

According to the 2017 annual performance report released by Diansheng on April 17, its net loss in 2017 was 175 million yuan, and its profit in the same period last year was 18,008,100 yuan; Operating income was 787 million yuan, an increase of 9.90% over the same period of last year.

Kairun shares (300577)

Kairun Co., Ltd. is an enterprise that produces suitcases, backpacks, functional clothes and smart shoes and other travel equipment.

In 2015, Kairun Co., Ltd. established Xiaomi Eco-chain Company Shanghai Runmi and Shanghai Shuomi in a joint venture with Xiaomi to create its own brands such as "90 points". In July 2017, Kairun acquired minority shareholders’ equity, and its shareholding ratio in Shanghai Runmi and Shanghai Shuomi increased to 76.9334% and 76%, and its business also increased rapidly.

In 2017, Kairun Co., Ltd. and Xiaomi Eco-chain Company NINEBOT conducted in-depth research and development of the PUPPY series of smart trackable luggage, and the products were recognized by the international market at CES (Consumer Electronics Show) in the United States in early 2018.

According to the annual performance report released by Kairun Co., Ltd. on April 12, its net profit attributable to owners of the parent company in 2017 was 133 million yuan, an increase of 58.81% over the same period of last year; Operating income was 1.162 billion yuan, an increase of 49.84% over the same period of last year.

Jiuan Medical Treatment (002432)

Jiu ‘an Medical is a provider of home medical health electronic products, integrating research and development, production and sales.

Jiu’ an Medical’s 2017 annual report shows that Jiu’ an Medical’s iHealth series brand established a strategic cooperative relationship with Xiaomi in the early days and became a partner of Xiaomi Company in the health field. At the business level, Xiaomi Company and Jiu ‘an Medical have carried out in-depth cooperation in user experience, e-commerce and cloud services.

On the capital level, Jiu ‘an Medical introduced Xiaomi Investment as a strategic investor, and iHealth’s business model and development prospects were recognized by Xiaomi Investment, and it received an investment of 25 million US dollars.

Jiu ‘an Medical said that relying on Xiaomi’s unique business model and huge customer base, the iHealth brand achieved rapid and large-scale promotion with its online and offline dual platforms, which continued to accumulate user groups for iHealth and enriched healthy big data.

In addition, Hualai Technology, a shareholding company of Jiu ‘an Medical, has obtained the investment from Xiaomi and become an ecological chain enterprise of Xiaomi.

According to the annual performance report released by Jiu ‘an Medical on April 26, its net loss in 2017 was 166 million yuan, and its profit in the same period last year was 14.4979 million yuan; Operating income was 598 million yuan, an increase of 42.31% over the same period of last year.

Xiaomi supply chain

Smartphones account for the highest proportion of Xiaomi’s operating income. Xiaomi’s prospectus shows that in the fourth quarter of 2017, Xiaomi ranked fourth in global smartphone shipments and first in India.

GF Securities believes that Xiaomi and Red Rice mobile phones launched by Xiaomi in the early stage, with the advantage of high cost performance, mainly focus on online channels, embrace the Internet dividend, and achieve rapid growth in shipments. In 2016, due to the decrease in online dividends, the growth rate of Xiaomi’s mobile phone shipments declined briefly. However, in 2017, Xiaomi actively laid out offline, opened up the market, improved the supply chain, and returned to the track of rapid growth. At present, Xiaomi’s smartphone product line has two series, Xiaomi and Redmi, which are aimed at the middle and high-end market and the low-end market respectively.

"It is expected that the concentration of related industries in the upstream supply chain of consumer electronics will also increase with the increase of the concentration of terminal industries in the future."

Southwest Securities believes that for large customers such as Apple, Samsung, Huawei and Xiaomi, suppliers who have entered the supply chain list through long-term certification can obtain a relatively stable share, and it is easier to obtain orders when expanding new business and developing new products, which has formed a certain degree of access barriers for upstream suppliers outside the supply chain.

Supply chain listed companies. Source: GF Securities

Based on the opinions of a number of brokers and the announcements of listed companies, The Paper reporter listed five concept underlying stocks that are most concerned by institutions for investors’ reference and do not constitute investment advice.

Pulutong (002769)

Pluto is a manufacturer, service provider and overall solution provider of electro-acoustic components and electro-acoustic components.

Since 2011, Pluto has cooperated with Xiaomi, mainly providing integrated supply chain management services including supply chain diagnosis, supply chain optimization and supply chain execution for Xiaomi Communication Technology Co., Ltd., Beijing Xiaomi Electronic Products Co., Ltd. and Xiaomi Technology Co., Ltd. under Xiaomi’s control, so as to reduce costs, improve efficiency and meet the requirements of "zero inventory" production.

According to the announcement of Pulutong, all the supply chain management services of Xiaomi are charged at a certain rate of the value of the goods handled, and the rate level is roughly 0.29%. The business from Xiaomi accounts for 88% of the company’s total business, its service fee income accounts for 76% of the service business income, and its contribution rate to the company’s overall gross profit is as high as 45.78%. Therefore, the change of Xiaomi’s performance has a considerable impact on Pluto’s income.

Huatai Securities believes that Pluto, as an exclusive supply chain service provider, will directly benefit from the scale expansion after Xiaomi IPO financing. After Xiaomi’s listing, the scale growth of Pulutong’s business is expected to maintain a high growth rate and benefit from the development of Xiaomi’s smart home appliances and other sectors.

According to the data of 2017 annual report of Pulutong, its annual income was 5.39 billion yuan, up 49.9% year-on-year, and its net profit attributable to the parent company was 67.835 million yuan, down 64.5% year-on-year.

Wentai Technology (600745)

Wentai Technology is an enterprise engaged in R&D and manufacturing of mobile terminals, intelligent hardware and other products.

The 2017 annual report shows that Wentai Technology jointly launched the "5G Pilot" program with Qualcomm, Lenovo, OPPO, vivo, Xiaomi and other companies in 2017 to jointly develop the huge global opportunities that 5G will bring.

Wentai Technology said that it achieved high growth with high-quality customers such as Huawei and Xiaomi in 2017. It is expected that customers such as Huawei and Xiaomi, China’s mobile phone manufacturers, will continue to grow in 2018, benefiting ODM (Original Design and Manufacturing) companies such as Wentai.

Shenwan Hongyuan Securities said in the research report that with the increasing concentration of mobile phone brands and ODM industry, Wentai Technology has implemented a boutique strategy based on existing customer resources, which will help to bind high-quality customers and increase the value of single machines, thus enhancing the company’s project development fees and technology commission fees.

According to the 2017 annual performance report released by Wentai Technology on April 26, its net profit attributable to owners of the parent company in 2017 was 329 million yuan, an increase of 586.49% over the same period of last year; Operating income was 16.916 billion yuan, an increase of 26.08% over the same period of last year.

Xinwangda (300207)

Xinwangda is a company engaged in the research and development of lithium-ion battery modules, and its main products are lithium-ion battery modules.

Xinwangda said on the investor interaction platform on March 13, 2018: "The company is the main supplier of Xiaomi and the main supplier of Xiaomi eco-chain related companies. Listing is an important milestone in the history of Xiaomi’s development, and it will also have a positive impact on enterprises in Xiaomi’s ecological chain. "

Pacific Securities said in the research report that Xinwangda’s mobile digital business market share has further increased. In the field of consumer batteries, the company has become a global supplier of well-known brands at home and abroad such as Huawei, Xiaomi, OPPO and VIVO, and its share has remained at a high level. The company has cut into the supply chain of several product lines of major international customers, and its share will continue to grow at a high speed. In 2018, the penetration rate of dual-cell and special-shaped battery solutions for mobile phone digital batteries increased, which brought about an increase in the value of a single battery.

"Under the unfavorable situation of declining overall shipments and fierce competition in the mobile phone market, the company’s consumer lithium batteries continued to grow, the battery system business of electric vehicles expanded rapidly, and the power battery production line was built smoothly. The company as a whole achieved steady growth in operating income and net profit."

Xinwangda’s annual performance report released on April 17 showed that the net profit attributable to owners of the parent company in 2017 was 544 million yuan, an increase of 20.86% over the same period of last year; Operating income was 14.045 billion yuan, an increase of 74.43% over the same period of last year.

Sanhuan Group (300408)

Sanhuan Group is an enterprise engaged in the production of passive components, ceramic back covers and other products.

According to the 2017 annual report, the mobile phone ceramic appearance parts of Sanhuan Group have been applied to Xiaomi 5, Xiaomi MIX, Xiaomi 6, Xiaomi MIX2, One Plus X, Essential Phone and other models, and obtained high market evaluation.

Sanhuan Group said that based on the "material+"strategy, it will expand ceramic technology into the field of new energy, and further deepen cooperation with terminal manufacturers such as Huawei, OPPO, vivo and Xiaomi, and the orders will grow steadily.

CITIC Jiantou Securities said in the research report that MLCC and ceramic substrates have been out of stock since 2017, and orders of Sanhuan Group are in short supply and actively expand production. It is expected to benefit from the price increase cycle throughout the year; After the release of OPPO R15 and Xiaomi MIX 2s models, the market feedback was good, and the sales volume was considerable. It was judged that ceramic casings began to be stocked in batches in April, and the possibility of increasing the stocking volume and introducing other terminal brands was not ruled out. Ceramic ferrules and ceramic packaging bases will steadily expand their market share, and at the same time, they will make efforts to build 5 G.

According to the annual performance report released by Sanhuan Group on April 19, its net profit attributable to the owners of the parent company in 2017 was 1.083 billion yuan, an increase of 2.29% over the same period of last year; Operating income was 3.13 billion yuan, an increase of 8.39% over the same period of last year.

Oufei Technology (002456)

Oufei Technology is an enterprise engaged in the production of touch and LCD modules, micro-camera modules and fingerprint identification modules.

Oufei Technology said in its 2017 annual report that the company’s main customers include domestic and international mainstream smartphone brands such as Huawei, Xiaomi and OPPO.

"We have established long-term and stable cooperative relations with well-known enterprises such as Huawei, Xiaomi, OPPO, VIVO, Samsung and Lenovo, and maintained timely and efficient interaction, which has established the company’s industry position as the mainstream supplier of micro-camera module, touch display and biometric module."

Everbright Securities said in the research report that 2018 is expected to be the harvest year of Oufei Technology’s dual-camera business, and the logic of rising volume and price is clear. At present, mobile phone innovation is strong, dual cameras have outstanding advantages in camera quality, and the market share of dual-camera in high-end mobile phone market will gradually increase, and related businesses of the company will directly benefit. In terms of quantity, the company has made a breakthrough in the domestic high-end mobile phone market, formed long-term friendly partners with many manufacturers and became an important supplier. It is expected that the shipment of dual-camera modules will exceed 100 million this year.

According to the annual performance report released by Oufei Technology on April 23, its net profit attributable to owners of the parent company in 2017 was 1.01 billion yuan, an increase of 40.47% over the same period of last year; Operating income was 33.791 billion yuan, an increase of 26.34% over the same period of last year.

Fenda Technology (002681)

Fenda Technology is a new type of intelligent hardware and integrated solution provider and service provider. Its main products include electroacoustic products, health appliances, smart wearable products, wireless modules and metal appearance parts of mobile intelligent terminals.

Fenda Technology said in the 2017 announcement that the end customers of the company’s precision metal structural products include Pingguo, Huawei, Samsung, vivo, Xiaomi, Sony, Motorola, Intel and many other internationally renowned brands. Xiaomi Note3 uses the combination of Fenda Technology’s metal middle frame and glass back cover.

Fenda Technology’s 2017 annual report said that the net profit attributable to owners of the parent company in 2017 was 443 million yuan, an increase of 15.06% over the same period of last year; Operating income was 3.21 billion yuan, an increase of 52.59% over the same period of last year; The basic earnings per share was 0.34 yuan, an increase of 9.68% over the same period of last year.

It is noteworthy that on April 10th, Hainan Securities Regulatory Bureau issued an administrative penalty decision, which punished Fenda Technology employees Linli and Yang Xiaotao for their illegal acts of leaking inside information and insider trading, with a total fine of 243,000 yuan. Because Yang Xiaotao released the "Announcement of Holding Initiative" which was not officially disclosed to the outside world to a circle of friends, it constituted an act of leaking inside information; This circle of friends was seen in the WeChat group and bought the shares of Fenda Technology, which constituted insider trading.

Anjie Technology (002635)

Anjie Technology mainly provides precision functional device production and overall solutions for high-end consumer electronic products such as smart phones and computers and new energy vehicles.

The 2017 annual report of Anjie Technology shows that the main products of Weibo Precision acquired by the company are precision structural parts of consumer electronics metals, which have been successfully produced for well-known consumer electronics brands such as Xiaomi, OPPO, VIVO, Huawei and Lenovo.

On March 28th, Anjie Technology replied to the investor’s inquiry on the interactive platform of Shenzhen Stock Exchange, saying: "At present, the company has not supplied wireless products to Xiaomi, and the company mainly supplies products related to Xiaomi’s smart phone metal parts."

According to the annual performance report of Anjie Technology, the net profit attributable to the owners of the parent company in 2017 was 391 million yuan, an increase of 1.13% over the same period of last year; Operating income was 2.715 billion yuan, an increase of 48.53% over the same period of last year; The basic earnings per share was 0.61 yuan, down 7.58% from the same period of last year.

Huajin Securities said in the research report that Anjie Technology has a layout of die-cutting parts, metal parts and 3D hot-pressed plastic back covers in the smart phone business. The demand for die-cutting functional parts in the trend of full screen, wireless charging and OLED will further enhance the ASP of large customers, and at the same time, the models and product categories supporting domestic customers will continue to increase.

Keda shares (600986)

Keda’s main business is digital marketing, linking media and advertisers, and providing advertisers with marketing service plans and communication plans through data insight and analysis.

According to the 2017 annual report of Kodak, Kodak is the core agent of Xiaomi Online Service. According to the Securities Times, Kodak, as the core partner of Xiaomi online service industry for three consecutive years, has repeatedly set a record for Xiaomi’s single-day launch.

According to the annual report, Keda achieved an operating income of 9.47 billion yuan in 2017, an increase of 34.79% over the same period of last year, and realized a net profit attributable to the parent company of 463 million yuan, an increase of 11.29% over the same period of last year.

Essence Securities said in the research report that the comprehensive integration effect of Keda shares appeared, and the digital marketing business exceeded expectations. At present, Keda has completed the comprehensive integration from physical space to organizational form, covering the whole industrial chain of digital marketing and becoming a leading enterprise in digital marketing.

　　Write a paragraph to record your mood, shoot a video to record your life, and post some pictures to record your life … … In recent years, with the prosperity and development of the Internet, the Internet space has gradually covered all aspects of the work and life of the broad masses, and thus all kinds of "self-media" have mushroomed, going deep into daily life and integrating into life.

　　"Self-media" is a new thing born from the internet, and it also breeds some new problems in its development process. Rumors and rumors, counterfeiting, illegal profits … … For some time, the chaos of "self-media" has been constant and varied frequently, which has greatly interfered with people’s normal life and disrupted the network order. Focusing on key platforms such as social networking, short videos and webcasts, rectifying chaos according to law, resolutely cracking down on it and dealing with it strictly will help to create a clear cyberspace and build a good network ecology.

　　The rectification must be strict and the governance must be firm. A few days ago, according to the special action plan of "Clear Lang" series in 2023, the Central Network Information Office launched a two-month "Clear Lang Strict Renovation ‘ Since the media ’ Chaos "special action. This special action not only focuses on solving the deep-seated problems such as the distortion of information content and the loss of operational behavior, but also clarifies the main responsibility of compacting the website platform, and emphasizes the exploration and use of economic means to strengthen the supervision of "self-media". It should be said that clear governance objectives, clear tasks and specific action deployment have strong guidance for rectifying the chaos of "self-media" in the next stage and good guidance for regulating the healthy development of "self-media".

　　Remediation of "self-media" chaos should start with cleaning up bad information. This involves rumor information, such as some "self-media" breaking through the offline out of thin air, substituting flowers for trees, making up at random, creating and publishing all kinds of rumors; Involving harmful information, such as some "self-media" public policies, social hot events, etc., smearing attacks and inciting opposition in distorting interpretation and reversing right and wrong; It involves malicious speculation. For example, some "self-media" maliciously spread and follow the trend of false content that they know or should know by means of "headline party" and multi-account linkage. All these things have polluted the network environment, so we must be clear about what we have, be firm, guard against what we have, and try our best as soon as possible. Only by resolutely controlling all kinds of rumor information, harmful information and false information from the source can healthy and beneficial information be more abundant.

　　Behind the dissemination of bad information are some "profit-making ways" from the media. It is also a top priority to comprehensively rectify the illegal profit-making behavior of "self-media". It is necessary to strictly rectify some behaviors such as "from the media" to stir up hot spots to attract powder and drain, create hot spots to generate traffic, and use vulnerable groups to realize traffic. In particular, those illegal acts such as cajoling and luring the elderly, minors and disabled people in order to gain traffic must be resolutely cracked down and severely rectified. Resolutely cutting off some traffic chains and interest chains that are improperly developed from the media can better eradicate the soil that breeds chaos from the media. This is an important fundamental solution.

　　Rectifying the "self-media" chaos is not a temporary matter or a family matter. It requires the concerted efforts of many parties and long-term efforts. Among them, it is necessary to pay special attention to the counterfeiting of "self-media" accounts of official institutions, news media and specific personnel, and to ban them as soon as possible after being discovered. It can be seen that it is necessary, important and urgent to compact the main responsibility of the website platform, urge the website platform to improve the whole chain management system of account registration, operation and closure, and strengthen the normalization management of account name information audit, professional qualification certification and information content audit. At the same time, in the process of special action, it is necessary to strengthen consultation and judgment with public security departments, check and sort out the reported clues of "self-media" crimes on the website platform, and notify the public security organs in time, so that cybercrime can not escape the severe punishment of the law.

　　The Internet is a public space, and "self-media" has a public attribute. The more powerful it is, the more responsible it is. Facing the future, we will continue to explore the use of legal and economic means to strengthen "self-media" supervision, strictly deal with standards, curb illegal profits, improve the management system, strengthen departmental linkage, and strengthen publicity and guidance, so as to achieve the unity of social and economic benefits. Everyone needs a good "self-media" development direction and a healthy Internet development order, and everyone has a responsibility. Together, we will definitely make the Internet space more clear and tidy.

　　Tomorrow, our mobile phone will be screened by Buffett again!

　　At 22:15 Beijing time on May 4th, the annual shareholders’ meeting of Berkshire Hathaway will be held in Omaha, USA. It is estimated that about 30,000 shareholders will attend, and millions of people will watch it online. The most noteworthy issues of this shareholders’ meeting include:

　　Who is Buffett’s successor? — — Bashen is 88 years old and Munger is 95 years old.

　　What about Berkshire’s more than $110 billion in cash? — — Look at the company’s share price of $320,000. Do you still think Maotai is expensive?

　　The repurchase scale will be as high as $100 billion? — — There are not many good companies worth buying, so I have to buy myself.

　　However, for A-share investors, they may be more concerned about this question: What does Buffett think of the China market? Which stocks of A shares meet its stock selection criteria?

　　Which A shares can enter the eyes of the law?

　　There are many criteria for Buffett’s stock selection, but there are clear quantitative criteria. He only said one sentence, that is, the annual return on net assets (ROE) is greater than 20% for 10 consecutive years.

　　The so-called return on equity (ROE) is the ratio of company profits to shareholders’ equity. It represents the investment income of investors, in short, how much money the enterprise can earn for investors.

　　ROE is a measure of a company’s long-term profitability. The higher the ROE, the higher the net profit it earns with the same shareholder capital investment. According to Coca-Cola’s standard, that is, keeping the ROE above 20% for 10 consecutive years, it is the company that Buffett may like.

　　So, which companies in A shares meet Buffett’s standards?

　　Wind data shows that in the 10 years from 2009 to 2019, among the listed companies whose ROE (deduction/dilution) continuously exceeds 20%, there are only five listed companies in A shares, namely Kweichow Moutai, Haitian Weiye, Gree Electric, Yanghe and Chengde Lulu.

　　The average share price increase of these five listed companies in the past 10 years is 690.49%, and the annualized rate of return is 22.97%. The biggest increase is Kweichow Moutai, which rose 12 times in 10 years, followed by Gree Electric, which rose more than 11 times in 10 years.

　　If we relax the ROE standard to 15%, that is, we will keep the ROE above 15% for 10 consecutive years. So, how many companies in A shares meet this standard?

　　Wind data shows that in the 10 years from 2009 to 2019, there were 14 listed companies with ROE (deduction/dilution) exceeding 15% continuously, namely Shuanghui Development, Kweichow Moutai, Haitian Weiye, Hikvision, Gree Electric, Huadong Medicine, Yanghe, Chengde Lulu, Hengrui Pharma, Chongda Technology, dongfeng shares, Fuyao Glass and so on.

　　The average share price increase of these 14 listed companies in the past 10 years is 551.72%, and the annualized rate of return is 20.62%. Among them, Hengrui Pharma, Kweichow Moutai and Gree Electric rose more than 10 times, while Huadong Medicine, Hikvision and Golden Mantis rose more than 5 times.

　　Is Bashen’s strategy unacceptable?

　　In the past 10 years, what is the investment income of Warren Buffett?

　　According to media calculations, if an investor bought a dollar of Berkshire stock 10 years ago, the return today is about $2.4, but if this dollar is invested in the Standard & Poor’s 500 Index Fund, the return today is about $3.2. In other words, in the past 10 years, the income from investing in Berkshire has not been as high as that from investing in the S&P 500 index fund.

　　In 2018, the worst performance of global financial assets in the past 100 years, the "stock god" seems to be unhappy. Suffering from various "thunder" such as Apple’s performance falling short of expectations and Kraft Heinz’s performance changing face, Berkshire lost more than $25 billion in the fourth quarter of 2018, but still earned more than $4 billion in the whole year.

　　But in A-share market, Buffett’s stock picking strategy still seems feasible.

　　In the past decade, 108 A-share stocks have increased more than 5 times, and 29 have increased more than 10 times. The median ROE of these 29 stocks is 14.88%. During this period, the Shanghai Composite Index rose by 24.72%, the Shanghai and Shenzhen 300 Index rose by 50.2%, the CSI 500 Index rose by 74.59%, and the Shenzhen dividend index rose by 132.51%.

　　Obviously, those companies with long-term earning ability and dividend-paying ability can surpass the market if they buy at a reasonable price. However, it should be pointed out that value investment is by no means equal to an ROE index, and the stocks selected according to it are not necessarily suitable investment targets, but only help us find out those good companies more easily.

　　The above data illustrates two problems:

　　First, as Buffett said: "By investing in index funds regularly, an investor who knows nothing can usually beat most professional fund managers." Buffett has recommended index funds for more than ten times.

　　In Buffett’s view, the vast majority of investors rarely invest in index funds, and as a result, their performance in investing in stocks is mostly just mediocre, or even disastrous. There are three main reasons for the loss of investment stocks:

　　1. The cost is too high, investors buy and sell too frequently, or the expenses are too large;

　　2. Investment decisions are made according to gossip or market trends, rather than after careful consideration and quantitative analysis of listed companies;

　　3, blindly chasing up and down, buying or selling at the wrong time.

　　Second, practice has proved that the companies with the strongest earning power in A-shares can bring rich long-term returns to investors.

　　The overall growth level of A-share listed companies is better than the average level of social enterprises. The long-term stock price trend charts of leading enterprises such as Gree Electric, Vanke A, China Merchants Bank, China Ping An and Fuyao Glass are all consistent with the development path of enterprises.

　　The method of value investment has not failed in A-shares. In fact, A-shares will create a good opportunity for value investors to pick up bargains every few years, making it easier for investors to meet good prices. Numerous masters have emphasized that all investment is to find a good industry, a good company and a good price.

　　Finally, Buffett has bought two China stocks so far — — China Petroleum and BYD.

　　In 2003, Buffett bought H shares of China Petroleum at a price of HK$ 1.6, and cleared the position when the share price reached HK$ 13.5 in 2007, with a four-year income of more than 7 times (the reinstatement factor has been considered, the same below). When Buffett bought it, the P/E ratio of China Petroleum was only 5 times, while when China Petroleum was listed on A-share in 2007, the P/E ratio of 48 yuan’s opening price was as high as 63 times.

　　In 2008, Buffett subscribed for 225 million shares of BYD at a price of about HK$ 8 per share. At present, Buffett still holds shares in BYD, and its latest share price is HK$ 53.55, and its income has exceeded five times. When Buffett bought BYD shares, the corresponding P/E ratio was only 10.2 times. At present, its latest P/E ratio is 39.29 times.

　　China securities journal Song Zhaoqing

Original Xiao yin yin ke aesthetics

Recently, there is a new fashion trend on the internet, which is exaggerated and gorgeous, which is incompatible with the current fashion aesthetic trend.

Some people think it’s beautiful, others think it’s earthy, but everyone thinks it’s non-mainstream.

Is the non-mainstream dress coming back again?

Recently, there has been such a wave of subcultures.

You will see this kind of wearing and makeup similar to the early QQ show on the Internet.

You will see such bright colors and futuristic collocation.

Xiaohong ISBN: HiroVINTAGE

Or this gothic dark wind and punk rock wear.

Rich colors, exaggerated makeup, and a powerful atmosphere that keeps strangers away.

This style will inevitably be looked at differently by others, but maverick subculture lovers will not care about these.

High-saturation color matching, metallic clothing, highlighted hair color and exaggerated shiny makeup can’t help but remind people of the non-mainstream in 2000.

This style is not only sought after by some minority people, but also begins to pursue this unique style in the fashion circle.

Awsten Knight, the lead singer and guitarist of Waterparks, appeared in VMAN, a first-line men’s magazine, with colorful hair and numerous jewelry piled up with fingers. It’s like "killing Matt".

On the show of Balenciaga 2022 autumn and winter series, it also showed its unique brand style.

Detachable bow belt and metal chain elements combine the subculture aesthetics of the Millennium, gothic, rave and other fashion elements.

Both overalls and jeans are decorated with metal rings and rivets.

This style has entered the mainstream stage, but how can it come back without mainstream? ?

As the old saying goes, "Fashion is a reincarnation". For the fashion circle, retro and trend return are always going on.

Almost every 10 years or so, there will be a resurgence of the trend.

Just like bell bottoms come back every 10 years or 20 years, so do non-mainstream ones.

What keeps pace with the times is that this style is now more scientific and technological, combining the flavor of the Millennium and the characteristics of the Z generation.

It boldly broke the rules, adopted all kinds of contrasting colors and exaggerated ornaments, and the collocation with secondary elements and striped elements was more complicated and diverse.

Little Red Book: Fusheng Minako

And the new non-mainstream wear broke the unchangeable black, white and gray low-key cold wind in previous years.

Compared with the simple, cool wind, single-tone refreshing wear and simple overlapping wear and jewelry matching popular in previous years, the non-mainstream has more free wear space, which makes the escaped colors come into play.

Tom Ford Fall/Winter 2020 Collection

Design is a product that can never be separated from the background of the present era.

Non-mainstream rich colors help people to relieve their depressed mood.

At the same time, today’s people also hope to go back to the past, gain energy, and return to the era when they were dressed easily and interestingly, so that their souls can have a short rest.

This "new" fashion can also express itself better.

It is bolder in aesthetics and more jumping in ideas, which can well show the emotional attitude of young people today.

People who pursue fashion are also beginning to seek novelty, hoping to get attention with unusual decorations.

Love me. Are you scared?

On closer inspection, this is not the first time that the non-mainstream has returned, and so has the previous Y2K.

At that time, the well-known TV series Happy Planet, Magic Mobile Phone and the smash hit women’s group S.H.E also had the shadow of Y2K in the design of stage modeling and makeup style.

With a strong sense of futurism and surrealism, metallic tones, reflective fabrics, bright colors and modern lines are full of imagination.

Nowadays, non-mainstream wear has returned with a new look of dark spice girls.

In terms of color, "black, white and gray" is the main color, and various bright colors are superimposed, and then various accessories are put on, such as candy-colored hair clips, plastic sunglasses and shiny shoes.

With an eye-catching hairstyle, you will immediately become a person you can’t be taunted.

But in fact, these seemingly strange and even some "abnormal" shapes have their own logic in color and accessories.

A large area of black plus red or other bright colors, the superposition of metal chains, and then take a dark retro bag and put it on platform shoes. You are the boss of the fashionable bury love family.

Little Red Book: Three Thousand Falling into the Water

Colored hair, exaggerated eye makeup, black silk screen create a cold and scary atmosphere, and the red rivet necklace design and skeleton stockings are all full of punk rebellion.

Little Red Book: Peach Blossom Love

Shiny star hair clips with big-rimmed glasses, a corn ion perm, a photo shoot, eggplant hands and a doodle mouth, a series of down to return to the non-mainstream peak.

Little Red Book: -MOMO sauce sauce

It is inversely proportional to cleanliness, and the sword is biased in the use of color, or accessories with a unique sense of design are added, or clothing patterns with a sense of the times and absurdity are selected.

If we combine the non-mainstream with the campus atmosphere, we will get the "poor students’ campus atmosphere".

Low-waisted miniskirts, blouses, "lower body missing", socks … all kinds of appearances that do not conform to the dress code have become reasonable in college fashion.

Nowadays, people seem to want to be as dashing as Devon Aoki:

One second ago, a quiet student in a uniform shirt turned around and pulled out a gun, calmly fighting his way out in danger, which was brave and rebellious.

Although many people still don’t agree with the non-mainstream, in fact, those who can master this style are all collocation masters.

They are bold in aesthetics, unique in accessories collocation, and express their self-identity by wearing them, not following the mainstream attitude towards life.

Why do people love the non-mainstream

A sentence by fashion designer Zerina Akers in an interview in BAZAAR.com can also answer this question:

"This generation is eager to return to that interesting and brainless fashion era."

The non-mainstream aesthetics of the Millennium is quietly spreading, will it become the next trend outlet?

Author: fluorescent fish roe

Editor: Laishipu

Original title: "Non-mainstream" Tai Mei Feng "is back? 》

Read the original text

　　Musk’s words have caused a storm in the cryptocurrency market.

　　Dogecoin soared 260 times in half a year, Shiba Inu currency rose 10,000 times in 30 days and 100,000 times in three months, while another kind of counterfeit currency, CSPR, rose 2213 times overnight. The madness of the cryptocurrency market can’t help but make people sigh: "One day in the currency circle, ten years in the world."

　　Under the mentality of "getting rich overnight", many people can’t help but rush into the currency circle. However, great risks are coming. Musk announced that Tesla suspended accepting Bitcoin as a payment method because of concerns about environmental problems caused by mining.

　　The above-mentioned major bad news has caused a bloody storm in the cryptocurrency market. Bitcoin once fell more than $10,000, and the decline in 24 hours was close to 15%. Ethereum fell more than 10% in intraday trading, Ripple currency fell more than 17%, Shiba Inu currency plunged nearly 40% in intraday trading, and dogecoin fell nearly 17%. Bitcoin home data shows that in the past 24 hours, there were 302,500 people in the cryptocurrency market, and the amount of short positions exceeded 23.8 billion yuan.

　　"mutinous"Musk

　　Musk said on Twitter that the company will not sell any bitcoin and will resume bitcoin for trading after confirming the transformation of bitcoin mining to more sustainable energy. Affected by this, cryptocurrencies collectively plunged and bitcoin prices fell sharply.

　　Suspend bitcoin payment for environmental protection?

　　Will not sell any bitcoin.

　　"Tesla has suspended the use of Bitcoin to buy cars. We are worried that a lot of fossil fuels, especially coal, are needed in bitcoin mining and trading, and their emissions are the worst among all fuels. Cryptographic currency is a good idea on many levels. We believe that it has a bright future, but this cannot be at the expense of bringing a burden to the environment. " Musk said in Twitter on May 12. According to the data of Cambridge University and the International Energy Agency, at the current rate, the annual energy consumption of bitcoin mining is similar to that of the Netherlands in 2019.

　　Musk also said on Twitter that the company will not sell any bitcoin, and will resume bitcoin for trading after confirming the transformation of bitcoin mining to more sustainable energy. He revealed that Tesla is also paying attention to other cryptocurrencies, and their energy consumption is less than 1% of Bitcoin.

　　Affected by this, cryptocurrencies collectively plunged and bitcoin prices fell sharply. According to the information provided by the website of Bitcoin Counter, a market information agency, the spot price of Bitcoin once fell to $46,294.72 on the 12th, which was 20.23% lower than the 24-hour high.

　　On May 11th, Musk also launched a vote on Twitter. Do you want Tesla to accept payment from dogecoin? Among the nearly 4 million netizens who voted, 78.2% expressed support and 21.8% expressed disapproval.

　　In the first quarter of 2021, Tesla bought $1.5 billion worth of bitcoin and sold $272 million worth of bitcoin. According to a financial document submitted by Tesla on April 26th, the profit from its bitcoin sales made the company gain $101 million.

　　United States Securities and Exchange Commission

　　Accused Musk of securities fraud.

　　When Tesla announced the purchase of $1.5 billion worth of bitcoin in February this year, Dan Ives, president of Widbush Securities, said, "This will have a chain reaction to other companies." Ives expects that other companies will soon start research in the field of bitcoin and will follow the pace of Musk.

　　The National Broadcasting Corporation (CNBC) reported that after Tesla, mainstream investors and some corporate buyers including Square, Metromile and Nexon flocked to the bitcoin market, believing that this digital currency was a potential inflation hedging tool. Big Wall Street banks such as Goldman Sachs and Morgan Stanley also plan to provide investment tools for bitcoin and other digital assets for high net worth individuals.

　　However, some investors such as Sun Zhengyi, the founder of Softbank, are cautious about the cryptocurrency craze. Sun Zhengyi said at a recent press conference, "To be honest, I don’t know whether Bitcoin is a good thing or a bad thing. What is its real value, and whether it is in a bubble, there is a lot of discussion. "

　　According to media reports, Musk has always been an open fan of Bitcoin and dogecoin. His remarks also greatly influenced the price of virtual currency. Last weekend, when Musk participated in hosting saturday night live, an old American entertainment variety show, he called dogecoin a "scam", and then dogecoin plunged more than 40%.

　　Because Musk actively encourages more people to buy cryptocurrencies on social media, it is considered to have deliberately raised the price of cryptocurrencies such as Bitcoin. Musk has been accused of influencing the market by tweets in the past. The most famous incident was that the US Securities and Exchange Commission accused Musk of fraud in 2018 because he said on Twitter that he would privatize the company at a price of $420 per share.

　　"Crazy"

　　Coin circle

　　Under the advocacy of Musk, a "madman with goods", dogecoin soared 260 times in half a year. However, when you think that dogecoin has gone against the sky, even more inhuman shanzhai coins appear. SHIB coins have increased by 10,000 times in 30 days, 100,000 times in three months, and have increased by more than 1 million times so far.

　　Come quickly

　　Shiba Inu currency rose 100,000 times in three months,

　　CSPR suddenly pulls 2213 times a night.

　　Previously, under the advocacy of Musk, a "madman with goods", dogecoin soared 260 times in half a year. However, when you think that dogecoin has gone against the sky, even more inhuman counterfeit coins have appeared. SHIB has increased by tens of thousands of times in 30 days, by 100,000 times in three months, and by more than 1 million times since its appearance.

　　In fact, Shiba Inu, like dogecoin, is a fake coin derived from spoofing Bitcoin. The recent surge in Shiba Inu coins has also contributed to Musk’s touting. On May 7th, some foreign netizens tweeted: "If investors want to trade SHIB Shiba Indog coins in a short term, they can. However, don’t consider doing the same thing for Shiba dogs. " As a result, Tesla CEO Musk replied under his tweet: "I am looking for a Shiba Inu."

　　On May 8, Shiba Inu coins rose by 251%, and the daily transaction volume reached 40.3 billion yuan, even making it on Weibo Hot Search. On May 10th, Shiba Shiba went online on the currency security exchange, and in just 10 minutes, it rose by over 100%. The huge trading volume directly shut down the currency security exchange, and the withdrawal was suspended for a time.

　　There is another rumor in the market that a big boss bought 720 billion SHIB by mistake before, but now its value has reached 80 million RMB, and 1,000 pieces have become 80 million. The madness of the cryptocurrency market can’t help but make people sigh: "One day in the currency circle, ten years in the world."

　　In addition to Shiba Inu coins, another counterfeit coin in the currency circle also became famous overnight. At 8: 00 p.m. on May 11th, the CSPR increased by 2,213 times from $0.03 to $66.4.

　　Go quickly

　　Tesla suspended the use of bitcoin transactions.

　　300,000 people exploded in the cryptocurrency market.

　　The madness of the currency circle is unimaginable. Under the mentality of "getting rich overnight", many people can’t help but rush in and speculate. However, great risks are coming to them.

　　After Musk announced that Tesla suspended accepting Bitcoin as a payment method, the cryptocurrency market staged a bloody storm. Bitcoin once fell more than $10,000, hitting a minimum of $45,500, with a 24-hour decline of nearly 15.29%. Ethereum fell more than 10% in intraday trading, Ripple currency fell more than 17%, Shiba Inu currency plunged nearly 40% in intraday trading, and dogecoin fell nearly 17%.

　　Bitcoin home data shows that in the past 24 hours, there were 302,500 people in the cryptocurrency market, and the amount of short positions exceeded 23.8 billion yuan.

　　It is worth noting that in addition to the influence of Tesla news, in the past week, compared with other encrypted assets, Bitcoin has been weak and its market share has continued to decline. The virtual currency market software non-trumpet App shows that the current total currency value of Bitcoin is about 950 billion US dollars, accounting for 44% of the global encrypted digital currency market, while last week, this figure was 47%.

　　Zhang Ming, a researcher at Bi ‘an China Blockchain Research Institute, said that this is because of the influx of speculative funds. These hot money have little interest in Bitcoin, which has increased too much, and instead they are crazy about "air coins" with low unit price and small increase. Many "animal coins" are among them. Another important event yesterday was that Vitalik, the founder of Ethereum, sold and donated many "animal coins", which led to a sharp decline. These irrational rising air coins are extremely risky, and investors need to pay attention to the risks.

　　insider

　　Coin evaluation circle

　　Viewpoint 1

　　Bitcoin mining is transitioning to sustainable areas.

　　The industry generally believes that the direct cause of this round of bitcoin decline is that Tesla stopped bitcoin payment.

　　According to the Securities Daily, Li William, the chief researcher of Ouyi OKEx Research Institute, told reporters that the incident had a short-term impact on Bitcoin in terms of impact. However, Musk still said that encrypted digital coins are promising in the future and will not sell bitcoin. As long as bitcoin mining transitions to other sustainable energy sources as soon as possible, Tesla will resume bitcoin payment.

　　Zhang Ming, a researcher at Bi ‘an China Blockchain Research Institute, said: "Tesla suspended bitcoin payment, which seriously hit investor confidence. At the same time, the high leverage ratio of the previous bull market boosted the rapid rise of Bitcoin, which also led to the sharp drop of Bitcoin this time."

　　"Whether Tesla accepts Bitcoin as a payment method is more formal than substantive." Zhang Ming believes that as bitcoin mining turns to clean energy, Tesla will use bitcoin as a payment method in the future, and Tesla itself is also involved in the field of clean energy, which leaves room for imagination for its future turn again.

　　William Li believes that at present, bitcoin mining is also transitioning to the sustainable field. From the perspective of bitcoin mining industry itself, hydropower and thermal power are mainly used at present. Which energy to choose for mining depends on the cost of electricity price, which is a market-oriented issue. In the medium and long term, with the development of green new energy and the tightening of fossil energy policies in various countries, the power generation cost of fossil energy is gradually rising, while the power generation cost of clean energy is gradually decreasing, and the bitcoin mining industry will eventually transition to sustainable clean energy.

　　Viewpoint 2

　　This speculation will make the whole

　　The market for encrypted assets increases risks.

　　Wang Feng, the founder of Mars Finance and the chairman of Blueport Interactive, said yesterday that the recent animal currency (especially the currency with similar names after the popularity of dogecoin) made the cryptocurrency market risky. After dogecoin attracted attention, Chai Gou coins came out, cat coins came out, pig coins came out, and the animal world all came out. I was very disgusted. First, the prosperity of dogecoin, Musk, has played a great role, and few people can become people like Musk; Second, I personally think we should be careful about the coins that appeared later. Third, animal currencies appear one after another, so speculation will increase the risk of the entire encrypted asset market.

　　Jeremy Grantham, who successfully predicted the past two market crashes, said that he believed that dogecoin investors would eventually lose everything, but they could not change their crazy behaviors and attitudes. Investing in bubble assets is not an intellectual problem, but a psychological problem. "Nothing is more annoying than watching your neighbor become rich", which may be a powerful driving force for irrational prosperity. "I have had such an experience, and I am very sympathetic. I know nothing can change their attitude. I feel sorry for them because I believe they can’t afford to lose everything. "

　　Previously, at the annual general meeting of shareholders, Buffett, the 90-year-old chairman and CEO of Berkshire Hathaway, rejected the related issues of Bitcoin, saying that he didn’t want to make everyone unhappy. The 97-year-old Munger is blunt. "I hate the success of Bitcoin. I don’t like this virtual currency to kidnap our existing monetary system. Bitcoin is like a financial product born out of thin air. I am not satisfied with this. I think this is contrary to the development of our civilization. " Chengdu Business Daily-Red Star Journalist Jiang Yijin Comprehensive Brokers China and 21st century business herald

Globally, the cumulative sales volume of brands has reached 500,000.

On November 9, Euler took the opportunity of the fourth anniversary of the cat’s listing to launch an anniversary edition model, with a price of 129,800 yuan and a limited sale of 520 units.

In terms of color matching, the anniversary edition uses the striking "Sailimu Lake Blue" as the main color of the car body, supplemented by the "Siam Black" contrasting roof, which reflects the texture of distinct colors. It is reported that "Sailimu Lake Blue" adopts the "eight-coating process", that is, the number of color paints and corresponding transition coatings is greatly increased, and the characteristics of self-repair and high corrosion resistance are realized. Officially, its tiny scratches will be automatically repaired after being exposed to sunlight, and at the same time, it can effectively filter ultraviolet rays, slow down the aging and fading speed of car paint, and can guarantee corrosion protection for more than 10 years.

Euler Good Cat Anniversary Edition is also equipped with a "Night Elf" exclusive suit, including a black front fog light area decorative cover, a black exterior rearview mirror, a black headlight decorative cover and a yellow brake caliper. In the interior, the Euler Good Cat Anniversary Edition adopts a durable green and gray contrast design.

In terms of configuration, the new car is consistent with the 401km distinguished model with a price of 125,800 yuan, and a Michelin tire set worth 3,999 yuan is given free of charge, which just offsets the price difference between the anniversary edition and the distinguished model.

Under this configuration, the new car is equipped with a 47.8kWh Contemporary Amperex Technology Co., Limited, with a CLTC working life of 401km and a maximum motor power of 126kW. L2-class driving assistance function, parking assistance, six airbags in the whole car, heating & ventilation of the driver’s seat and massage function are all standard.

It is worth mentioning that the cumulative sales volume of Euler brand in the world has exceeded 500,000, among which the cumulative sales volume of Euler Good Cat, the main sales model, has exceeded 260,000 in the past four years.

Taking this opportunity, Euler Good Cat, including the anniversary edition, can enjoy a comprehensive discount of 10,000 yuan, including 4,000 yuan insurance subsidy and up to 6,000 yuan factory trade-in subsidy. The above subsidies and national trade-in subsidies can be superimposed. For users who have old cars and want to replace Euler’s good cat, the starting price can be 95,800 only by the official sales policy of Euler’s good cat (excluding the national trade-in subsidy).

In addition, such as the lifetime warranty of the first non-operating vehicle owner, the four-year 150,000-kilometer warranty of the whole vehicle, three-year free entertainment traffic, two-year free charging pile installation, maintenance and transportation, on-site service and road rescue service are also provided. Interested partners may wish to go to the store to learn more.

The author of this article is warming the wind for kicking the car.