Special feature of 1905 film network After five years, the sequel and the second part of the prequel series will finally meet the mainland audience this Friday. Can’t you wait to go to the cinema to see if the great director ridley scott is body of work? Don’t worry, please enjoy the following trailer first and feel the explosive tension and extreme panic in the film.

　

Although all kinds of alien eggs, face-hugging insects and chest-broken people are "beautiful" to the extreme,Although the "wrinkled version" of the biochemical man played by "Shark of Law" is so handsome that he has no friends, what makes me hold my breath most is the paragraph at the beginning of the trailer.

　

Karin, the crew member, brought her infected companions back to the Contract, and Farris, who stayed on the ship, put them in the medical warehouse to ensure the safety of the ship. For the life of more than 20 people on the whole ship, whether to sacrifice Karin or not, Farris outside the door is suffering. If you walk into the cinema, you will see that Farris failed to bear the pain of conscience and opened the door, but nearly half of the crew were killed by aliens.

　

Similar choices are common in science fiction films and disaster films, such as the one released not long ago.Do you want to rescue the microbiologist Hugh from the laboratory? Do you watch the engineer played by Ryan Reynolds implode by the alien Mars? In order to prevent the monster from returning to the space station, the commander chooses to sacrifice himself, and the medical officer played by Jake Gyllenhaal chooses to die with it in order to keep the monster away from the earth.

In order to protect most people, should we sacrifice the lives of a few people and control the losses to a minimum?

The iron man in the movie sent the nuclear bomb out of the earth alone for the benefit of all mankind. This great personal heroism is really admirable.But if you’re on the boat full of explosives tied by clowns, can you press that button and trade the life of another criminal for your own life? Similarly, in the first season of "Qi Pa Shuo", the debate on whether to "blow up Jia Ling". Cai Kangyong gave up his sponsor for the first time, because 63 of the 100 spectators chose to sacrifice Jia Ling to save the other 116 people.

Having said that, you may have understood the theme we are going to discuss today, that is, the famous thought experiment — —"tram puzzle" (also known as tram paradox).

　

A madman tied five innocent people to the tram track, and a runaway tram was coming towards them. You can pull the switch and let the tram go to another track, but the madman tied a man to the other track. Considering the above situation, will you pull the switch?

I believe that most people will choose to pull, because if we have to make a choice, it is definitely better to sacrifice one person than five.

　

If we change the situation, the runaway tram rushes towards five innocent people, but there is no switch and no second track. When you pass by the bridge and see this scene, the only way to stop the tram is to push the fat man next to you off the bridge (we don’t discriminate against fat people, blame the philosopher Judith Tom), let him get stuck in the track and stop the tram. If you can do it, use the fat man’s life to save five other people.

In this situation, I believe that most people can’t get off the bridge. It is the same as saving five lives with one life. Why can’t we accept the second situation? What is the difference between it and the first situation?

Is it because in the second situation, Mr. Fat was pushed down by ourselves, while in the first situation, we just pulled the switch and didn’t personally kill the poor man tied to the track?

So if Mr. Fat stands on a trap door and you control his fate through a mechanism similar to a switch, can you easily pull down the switch?

You think the situation we gave is too extreme. If in real life, there must be a solution to kill two birds with one stone. Just like in "The Dark Knight", passengers on both ships didn’t press the button, but there was no explosion.

Indeed, the "tram puzzle" was put forward by the British philosopher Filipa Foote in the 1960s, which was used to explore the dilemma in the field of ethics (also called moral philosophy). Later, it was extended by the American philosopher Judith Tom and appeared in several versions.

But coincidentally, in Los Angeles in 2013, the "tram problem" actually came true. It is incredible that even the numbers are exactly the same:In the face of the runaway tram, Ms. Jones pulled the switch in order to save five lives, but it caused the death of Mr. Farley on another track, so Ms. Jones was sued in court. So do you still think that the "tram problem" is just a thought experiment? Is Ms Jones guilty or innocent?

Let’s go back to the question of "the tram and the fat man". What makes us willing to sacrifice one person to save five people in the first situation, but unwilling to sacrifice Mr. Fat to save those five people in the second situation?

Because when pulling the switch, we didn’t mean to kill that person. He was the result that we had to accept in order to save most people, but Mr. Fat was deliberately pushed off the bridge by us, and he became a tool for us to save people.

This involvesSt. Thomas Aquinas’s "double effect principle" means that while hoping to get good results, it is often impossible to avoid bad results, that is, "collateral damage".For example, bombing the enemy’s military fortress can quickly end the war and avoid the loss of lives on a larger scale, but bombing often comes with the death of innocent civilians around, but this has to be accepted.

The person in the first situation is to save the collateral damage of five lives, but the "double effect principle" does not apply to the second situation, because Mr. Pang’s death is not necessary to accept, and he is regarded as a tool for us to achieve our goals. This kind of instrumentalization of human beings is unacceptable to morality in any case, even if five lives are lost. Because of moral requirements,Bad effects should not be used as a tool to achieve good results..

Why can’t humans be used as tools? This involves two schools of thought in the field of ethics — —"effect theory" and "obligation theory".

Bentham, a utilitarian philosopher.

Effect theory, also known as utilitarianism, is represented by British philosophers Bentham and Mill, who believe thatThe moral value of behavior is only measured by the result of behavior.To put it simply, if an action can maximize the well-being and minimize the harm of the people concerned, it should be done. As most of us hold, the idea that "one death is better than five deaths" comes from the benefit theory.

Although the benefit theory is widely accepted by most people, it cannot be a universal value, because it often means the tyranny of the majority over the minority. For example, in 1884, the "Queen of England v. Dudley and Stephens" shocked the world:

An English cruise ship, Margaret, was shipwrecked, and four crew members escaped to the life raft. After 19 days of suffering without water and food, 18-year-old Parker couldn’t help drinking seawater and became unconscious. The other three crew members took the opportunity to kill him and survived on his blood and meat until the 24th day before being rescued. After returning to England, they were tried for murder.

This kind of cannibalism for survival is definitely unacceptable to morality, so the "deontology" represented by Kant emphasizes that,The moral value of behavior lies not only in its result, but also in the behavior itself.. That is to say, no matter how much goodness can be produced, killing, torture, stealing and other acts are unconditionally wrong, and their value cannot be enhanced through the calculation of costs and benefits. This has safeguarded our human dignity,Prevent our interests or lives from being sacrificed because of the public interest..

Philosopher Kant

The "deontology" has also been implemented in law. For example, the laws of many countries expressly stipulate that evidence obtained by improper means cannot be used as evidence in court. For example, the testimony obtained by extorting a confession by torture, even if it is correct, cannot be used as evidence to convict the defendant.

Therefore, according to the principle of "deontology", the above-mentioned Ms. Jones in Los Angeles, although heroically saved five people, was found guilty by the court, although it was a virtual sentence of three reprieves. Because the judge thinks that Ms. Jones has no right to decide the life and death of others instead of God, and she has no right to deprive Mr. Farley of his right to live.

If this is the case, what should we do in a similar situation, and what is the right and moral way to do it? Should we just stand by and watch?

Let’s consider this situation. Suppose you plan to drown your brother who shares the inheritance with you in the swimming pool, but when you come to his house, you find that he has a sudden heart attack in the swimming pool, so you let him drown slowly.The result is the same as you planned, but obviously you are less condemned legally and morally. Why?Because killing is worse than letting people die, because killing must also include letting people die.

But this does not mean that it is right to let anyone die. In the face of five lives in orbit, our inaction will also receive moral condemnation and legal sanctions. What if it’s yourself or your relatives and friends on the track? Can you really do nothing?

In fact, up to now, the "tram problem" is still unsolved, but this does not mean that this thought experiment is meaningless, because it always reminds us to be alert to "utilitarianism" and always remember that people are the end, not the means, just as Kant said: "No matter when you act, you should not only regard yourself as an end, but also the qualifications of others as human beings, and never use them just as a means."

References:

Thomas cathcart’s Tram Problem

Yves Bossart, If there is no today, will there be yesterday tomorrow? 》

Michael Sandel, Harvard Open Class — — Fairness and Justice "

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.

　　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)

　　Cctv news(Reporter Zhang Ke): On February 18th, National Medical Products Administration issued an announcement in official website to revise the instructions of Liuwei Dihuang preparation. The announcement pointed out that according to the response evaluation results of adverse drug reactions, in order to further ensure the public’s drug safety, the instructions [Adverse Reactions] [Taboos] and [Precautions] of Liuwei Dihuang preparations (including pills, capsules, tablets, mixtures, decoctions and granules) were uniformly revised.

　　The instructions of Liuwei Dihuang preparation are revised for prescription drugs and over-the-counter drugs respectively. It is pointed out in the revision requirements of OTC drug instructions that [adverse reactions] should include: reports of adverse reactions such as diarrhea, abdominal pain, abdominal distension, nausea, vomiting, gastrointestinal discomfort, loss of appetite, constipation, itching, rash, headache, palpitation and allergy. In the modification requirements of items [Taboo] and [Precautions], the drug safety of allergic people is mentioned.

　　As one of the classic prescriptions of traditional Chinese medicine, Liuwei Dihuang Pill is well known to the public for its effects of nourishing yin and tonifying kidney, and was once called "essential tonic for families". How to eat this kind of "tonic", can it be eaten for a long time, and which people should not take it? CCTV reporter interviewed Yang Liping, the chief pharmacist of Beijing Hospital, to answer your questions.

　　The origin of "tonic medicine"

　　Liuwei Dihuang Pill is composed of six kinds of traditional Chinese medicines, namely Radix Rehmanniae Preparata, Fructus Evodiae, Cortex Moutan, Rhizoma Dioscoreae, Poria and Alismatis Rhizoma. It is characterized by "three tonics and three diarrhea" and mainly tonics. Yang Liping explained that the "three tonics" consist of Radix Rehmanniae Preparata, Fructus Corni and Rhizoma Dioscoreae to tonify liver yin, spleen yin and kidney yin respectively; "Three diarrhea" consists of three herbs, namely Cortex Moutan, Poria and Alisma orientalis, to purge liver heat, spleen dampness and kidney dampness. Among them, the dosage of tonic is heavier than laxative, so tonic is the main one; Liver, spleen and kidney are supplemented with three yin, and the dosage of Radix Rehmanniae Preparata for tonifying kidney yin is the sum of Cornus officinalis and Dioscorea opposita, so tonifying kidney yin is the main method. Therefore, Liuwei Dihuang Pill mainly has the function of nourishing kidney yin and is suitable for patients with kidney yin deficiency.

　　The prescription of Liuwei Dihuang Pill was formed by Qian Yi in Song Dynasty after subtracting two kinds of drugs from Shenqi Pill written by Zhang Zhongjing, a medical sage in the Eastern Han Dynasty, which changed the original medicine for warming kidney-yang into a medicine for nourishing kidney-yin. Its original intention is to treat children with congenital deficiency and stunted five-delay syndrome, that is, "the kidney is afraid of losing its voice, the mouth is incompatible, the spirit is insufficient, the eyes are white, and the face is white". Since then, Liuwei Dihuang Pill has gradually become the ancestor of nourishing yin and tonifying kidney. Modern physicians mainly use Liuwei Dihuang Pill to treat dizziness, tinnitus, soreness of waist and knees, hot flashes due to bone steaming, night sweats and nocturnal emission, thirst-quenching, tinnitus and deafness, hand and foot fever, dry mouth and throat, tooth shaking, heel pain, dribbling urine, and improper opening of the mouth in children.

　　Improper use or "the more you make up, the more empty you become"

　　Yang Liping said that it is unnecessary for healthy people to take Liuwei Dihuang Pill if they have no obvious symptoms of kidney yin deficiency, and they should not take it for a long time.

　　For people with obvious symptoms of kidney-yang deficiency, symptoms such as soreness and coldness of waist and knees, preference for warmth and fear of cold have already appeared, and it is not recommended to take Liuwei Dihuang Pill to avoid aggravating the condition. Many people regard Liuwei Dihuang Pill as a "secret recipe for tonifying kidney" or use it for daily health care for a long time, which is easy to "replenish more and more deficiency", some symptoms are getting worse and worse, and even gastrointestinal problems may occur.

　　Experts pointed out that if you want to know whether you can use Liuwei Dihuang Pills, you must first judge whether you are yin deficiency. You can first look at your tongue, such as red tongue and frequent dry mouth. See if there are often symptoms such as hot flashes, night sweats, insomnia, dizziness, and soreness of the waist and knees; Conditional can see the pulse, whether the pulse is thin and fast. With these signs and symptoms of kidney yin deficiency, Liuwei Dihuang Pill can be used. Even if it is suitable for eating, you should quit smoking and drinking and eat less irritating food.

　　Liuwei Dihuang Pill should be used with caution in patients with cold.

　　Compared with the previous instructions of Liuwei Dihuang Pill, the description of drug use for patients with cold has been changed from "It is not advisable to take cold medicine during taking medicine" in the original [contraindications] to "Use it with caution for patients with cold" in the [Precautions]. Yang Liping said that according to the theory of traditional Chinese medicine, Liuwei Dihuang preparation is too greasy and easy to retain exogenous pathogens, which violates the cold treatment principle of relieving exterior symptoms and dispelling pathogens. The key to cold treatment lies in opening pores, sweating and dissipating heat. However, the function of Liuwei Dihuang preparation is mainly to "harvest", which runs counter to the idea and direction of cold treatment in traditional Chinese medicine.

　　Therefore, people should stop taking Liuwei Dihuang Pill even if they have kidney yin deficiency during the cold stage, and then use it after the symptoms of exogenous diseases are relieved.

　　Who else should not take Liuwei Dihuang Pills? Yang Liping said that Chinese medicine treatment needs syndrome differentiation, and "syndrome differentiation first distinguishes yin and yang". For example, kidney deficiency syndrome can be divided into kidney yin deficiency and kidney yang deficiency. People with kidney-yin deficiency can show symptoms of lack of body fluids, such as dry mouth and mouth, dry skin, soreness of waist and knees, emaciation, hot flashes, red cheekbones, tinnitus, night sweats, red tongue with little coating, and weak and rapid pulse. People with kidney-yang deficiency are afraid of cold, and their hands and feet are cold; Frequent urination, long and clear urine, thin stool, pale and tender tongue, and slow pulse. Symptoms are completely different from kidney yin deficiency, so people with kidney yang deficiency should not take Liuwei Dihuang pills. Because Liuwei Dihuang Pill not only does not tonify kidney-yang, but also consumes kidney-yang, the symptoms of kidney-yang deficiency in patients will be aggravated after use.

　　In addition, people with kidney yin deficiency but poor spleen and stomach function have symptoms such as weakness of spleen and stomach, indigestion, chest tightness, anorexia, abdominal distension in loose stool, thick tongue coating, and excessive phlegm and dampness, and should not take it. Because the rehmannia glutinosa and Cornus officinalis in Liuwei Dihuang Pill are too greasy, it will hinder the digestive function after taking it, and may also aggravate the symptoms of loose stool, so it is not recommended to take it.

　　Also, healthy people don’t need to take it. Although Liuwei Dihuang Pill has the function of tonifying kidney, healthy people who have no obvious symptoms of kidney yin deficiency may not have any side effects in the short term, but long-term use may cause discomfort such as fullness, loose stool and loss of appetite.

　　Finally, note that Liuwei Dihuang Pill cannot be taken with rifampicin. Because Cornus officinalis contains a lot of organic acids, it will increase the toxicity of rifampicin to the kidney. (Proofread by Chen Yanhui)

　　On August 24th, the Japanese government unilaterally forced the Fukushima nuclear polluted water to be discharged into the sea. This extremely irresponsible move triggered strong opposition from the international community.

　　Japan launches Fukushima nuclear polluted water discharge into the sea.

　　But amid the opposition, there is a "debris flow" that is out of place.The authorities in Democratic Progressive Party, Taiwan Province not only don’t object to the Japanese government’s discharge of nuclear polluted water, but also take the initiative to "whitewash" the aquatic products imported from Japan, claiming that "there is no risk, so it will not be banned for the time being".Be ridiculed as a stage "‘ Help ’ On the 26th, Xie Changting, the representative of Japan, even made a strange remark on social media, saying that "trace radioactive elements are beneficial to the body", which is really "‘ Help ’ Day "has no bottom line.

　　Previously, the Democratic Progressive Party authorities had "whitewashed" Japanese Fukushima food with doubts about radioactive material residues, called "nuclear food" a "blessing food", and opened the import of "nuclear food" regardless of public opposition. This time, as always, I am groveling in front of Japan.

　　In fact, from the American "Lai pig", the Canadian "mad cow" to the Japanese "nuclear food", the Democratic Progressive Party authorities have become habitual offenders in importing problem foods.

　　Today, Master Tan will talk to you about the Democratic Progressive Party authorities’ trading people’s food safety.

It’s impossible to prevent!

The people’s dining table on the island has fallen.

　　"To carefully identify the origin mark, buy pork depends on whether it is the United States ‘ Lai pig ’ Buying beef depends on whether it is ‘ Add cattle ’ Buying aquatic products depends on whether it is Japanese or not, beware of disaster! "

　　This is the spit of an island friend of Tan Zhu. He said that when buying food in Taiwan Province, we should pay special attention to the place of origin."The Democratic Progressive Party authorities have poisoned the dining tables of Taiwan Province people badly in recent years!"

　　A store in TaipeiHanging "Taiwan Province Pig"Sign to attract customers

　　Master Tan’s search found that this island friend’s worry was by no means a mountain out of a molehill.

　　In addition to Japan’s "nuclear food", which has once again become the focus of discussion on food safety on the island because of Japan’s nuclear sewage discharge, just two months ago, Taiwan’s administrative agencies also decided to open the import of Canadian full-age beef with concerns about mad cow disease. Canada has been repeatedly upgraded by the World Organization for Animal Health (WOAH) for mad cow disease.

　　Experts studying food safety on the island told Tan Zhu that the incubation period of BSE is as long as several years and the mortality rate of infected people is extremely high. Therefore, Taiwan Province’s "Food Hygiene Management Law" clearly stipulates that beef imports should be banned in the territories where BSE occurs within 10 years.Canada, which was just exposed to mad cow cases at the end of 2021, has obviously not passed the "risk period".

　　There are also media reports on the island that before confirming the import of "plus cattle", Taiwan Province Food and Drug Administration went to Canada for on-the-spot inspection, but did not check the slaughterhouses mainly for cattle over 30 months old (generally, cattle with mad cow disease are about 39 months old).Simply ignore the key points and go through the motions, and regard food safety as a child’s play.

　　This year, the Democratic Progressive Party authorities also opened up the import of Japanese cooked pork. However, some media on the island disclosed that there have been several cases of swine fever in Japan in recent years, which spread to more than 10 counties. In 2020, it lost the qualification of "swine fever clearing country" recognized by the World Organization for Animal Health (WOAH).Japanese pork can’t be sold to European and American markets at all, and only Taiwan Province is the "take-over man".

　　Also imported by Democratic Progressive Party authorities are American pork containing ractopamine, Japanese "nuclear food" mentioned above, and even Japanese imported strawberries found to contain banned pesticides.Democratic Progressive Party authorities can relax the standards of pesticide detection specifically for them, opening the door for Japanese "poisonous" strawberries.

　　No wonder Tan Zhu’s friends on the island are so uneasy about imported food.

　　Japanese imported strawberries containing banned pesticides were detected on the island.

Eat by the head!

Democratic Progressive Party authorities harbor evil intentions.

　　In order to safeguard the safety of the dining table, in recent years, people on the island frequently took to the streets to express their demands.

　　At the end of 2020, dozens of groups in Taiwan Province held the largest "Autumn Fight" parade in history, shouting "Anti ‘ Lai pig ’ "Take care of food safety", many parents took part in the demonstration with their children and asked the Democratic Progressive Party authorities: Have you ever cared about the health of the next generation?

　　People on the island marched against the import of American "Lai pig"

　　There are also non-governmental organizations that published a love letter saying, "The Democratic Progressive Party authorities are willing to be obedient and open to the American people ‘ Lai pig ’ Imports seriously endanger people’s health. ""People don’t want to be victims of politics, and the most humble hope is health. "

　　Similarly, as early as "anti ‘ Nuclear food ’ In the referendum, the people on the island rejected Japan’s "nuclear food" imports with 7.79 million votes. After Japan forcibly discharged nuclear polluted water into the sea, the anti-Japanese "nuclear food" public opinion on the island once again reached the boiling point. Some netizens on the island left a message asking the Democratic Progressive Party authorities, "How much do you sell for the health of Taiwan Province people?" "Is the life of Taiwan Province people worthless?"

　　People on the island oppose Japan’s "nuclear food"

　　Regrettably, the Democratic Progressive Party authorities have always been perfunctory about the questions and protests of the people on the island, and have drawn all kinds of "big cakes" that have not yet been realized and cannot be realized.

　　Tan Zhu noticed that when the import of Lai Pig was opened, Tsai Ing-Wen declared that the decision could effectively promote "Taiwan-US relations" and help promote the "bilateral trade agreement" between Taiwan and the United States.

　　On the issue of "adding cattle", Mason Lee, deputy director of Taiwan’s foreign affairs department, also publicly stated that Canada will be the chairman of the Executive Committee of the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) next year, and opening up the import of Canadian full-age beef will have a positive effect on Taiwan Province’s accession to CPTPP.

　　After opening the "nuclear food" to the island, Tsai Ing-wen and Su Zhenchang frequently talked, suggesting that Taiwan Province’s move to open the Japanese "nuclear food" was "right", which would help strengthen the "Taiwan-Japan relationship" and facilitate Taiwan Province’s entry into CPTPP.

　　Produced by netizens on the island

　　Experts studying food safety on the island told Tan Zhu,The Democratic Progressive Party authorities’ wide-open door and "taking over" the problem food everywhere regard selling the health and well-being of Taiwan Province people as a "stepping stone" to expand the "international space". In the final analysis, it is for their political self-interest. These shameless politicians have sharpened their heads and want to join CPTPP, hoping to reach a so-called "value alliance" and "interest alliance" with "foreign masters" such as the United States and Japan, and create the illusion of "support from the international community" in order to defraud votes on the island.

　　However, Mr. Tan must remind the Democratic Progressive Party authorities that Taiwan Province, as a part of China, must take the one-China principle as the premise to join any international organizations and participate in any international activities.The Democratic Progressive Party authorities’ flattery of foreign countries to sell Taiwan has only resulted in "lip service", and what is more, the "foreign masters" have made more and more unscrupulous demands on Taiwan Province.

　　The "poisonous food" of the people on the island is doomed to be "free food". The Democratic Progressive Party authorities have ignored the health and well-being of the people on the island, and they have no bottom line to flatter foreign countries and harm Taiwan. They are also doomed to blame and be spurned.

Cctv newsOn June 16th, at the press conference of the National Development and Reform Commission in June, some media asked: This year, the demand for electricity in China has grown steadily and rapidly, especially in the recent summer when the peak of electricity consumption is coming. What is the preparation for the peak of electricity in summer? What measures will the National Development and Reform Commission take to ensure the smooth operation of electricity this summer?

In this regard, Meng Wei, spokesperson of the National Development and Reform Commission, said that since the beginning of this year, the National Development and Reform Commission has focused on the safe and stable supply of energy and electricity, and continued to strengthen the construction of an energy production, supply, storage and sales system. Judging from the current situation, the installed capacity of power generation in China has continued to grow steadily, and the coal storage of power plants has reached a record high of 187 million tons, which has a solid foundation for ensuring power supply during the peak summer this year.

On June 14th, the National Development and Reform Commission held a video conference to specially deploy the national energy peak summer work in 2023. In the next step, we will give full play to the role of the inter-ministerial coordination mechanism of coal, electricity, oil and gas transportation support, compact the main responsibility of local and enterprise energy supply, and focus on five aspects.

First, promote the construction of various power projects. Adhere to the "national chess game", systematically plan and promote the construction of various power sources such as supporting power sources and new energy sources, strengthen the construction of power grids, and do a good job of connecting power to the grid to ensure that all inputs should be made before the peak summer this year.

The second is to strengthen fuel supply security. We will continue to organize the production and supply of coal and natural gas, and urge all localities and power generation enterprises to keep the coal stored in power plants at a high level, so as to ensure the high calorific value coal, gas, electricity and hydropower energy storage required for peak power generation.

The third is to promote all kinds of generator sets to be fully developed. Ensure that the output level of thermal power during peak hours is better than normal, optimize the operation of reservoir groups, improve the peak power generation capacity of hydropower, and promote the multi-use of wind power, solar power and nuclear power.

Fourth, do a good job in optimal dispatching of national power grid operation. Give full play to the advantages of large power grid resource allocation, strengthen national overall planning, strengthen cross-network mutual assistance, make full use of inter-provincial and inter-regional transmission channels, and do a good job in power supply guarantee in key areas and important time periods.

Fifth, do a good job in power demand side management. Adhere to both open source and throttling, guide local governments to better play the role of economic means to adjust, actively guide users to independently optimize and adjust power demand, promote the balance between power supply and demand, and effectively ensure the safety and stability of people’s livelihood and key power consumption.

　　For more than a century, from a theory and a theory to the creation of a system and a road, Marxism has the majestic power to travel through time and space, and it also bears the eager expectation of hundreds of millions of people for a just and better life.

　　Long summer season, the unnamed lake, the second World Congress of Marxism in a warm look at the curtain. From "Marxism and the progress of human civilization" to "Marxism and contemporary global cooperation and governance", from "building a community of human destiny" to "China’s plan and the way of modernization in developing countries", Marxist researchers from all over the world have talked about Marxism and the progress of human civilization, and discussed the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era and contemporary Marxism, so as to promote the world understanding and dissemination of China-oriented Marxism and let the light of Marxist truth light up the times and the future.

　　1. Ideological weapon to advance the process of human civilization

　　200 years ago, when Marx was born in Trier, Germany, no one would have thought that the idea named after him would be like a magnificent sunrise, illuminating the way for human beings to explore historical laws and seek their own liberation.

　　200 years later, China, the venue of the Second World Congress of Marxism. Paying tribute to Marx, the "first thinker of the Millennium", runs through the speeches of every expert attending the meeting.

　　"No text written in the mid-19th century has been as smoothly circulated as the communist party Declaration, which embodies the brilliant thoughts of Marxism, and is still valid today. All paragraphs in this text are even more in line with contemporary reality. The conclusions of Marx and Engels have been consolidated after 170 years of historical development. " Samir amin, Chairman of the Third World Forum, expressed emotion.

　　In the past 200 years, countless thoughts and works have disappeared, but Marx’s fame and career are still shining.

　　"In Marx’s hometown, there are now more than 300 celebrations about him." Jan Turovsky from the German rosa luxemburg Foundation introduced to the participants. He believes that understanding Marx’s greatness can be cut in from three different angles — — Marx’s methods, works and his life.

　　Shang Zhixiao, secretary of the Party Committee of Shandong Normal University, said that the broad and far-reaching influence of Marx’s thought lies in its powerful truth power. "Whether you agree with him or oppose him, whether his thoughts are in your interest or not, whether he can get your approval, his profound thinking, rigorous exposition and the power of logic have to be convincing."

　　In the view of Liu Tongfang, Dean of the School of Marxism of Zhejiang University, "liberation" is the key word of Marx’s thought, while the pursuit of human liberation is the first theme that Marx has never changed in his life, and it is also the goal and fundamental value appeal that Marx has struggled and dedicated for all his life. "China Road is a brand-new way to realize Marx’s theory of human liberation in theory and practice, and it is also China wisdom to promote the process of human civilization."

　　Time is the best touchstone.

　　"Marx’s analysis of capitalism has been confirmed in many important aspects. The international financial crisis once again proves that the free market is not a benign and self-regulating mechanism, as its advocates claim. On the contrary, as Marx thought, it is an alienation system with its own life and an uncontrollable and inherently unstable mechanism. " Sean sayers, a professor emeritus at the University of Kent in England, said.

　　Han Xiping, a professor at Jilin University, found that at present, in the face of a series of problems brought about by human society’s activities of conquering and transforming nature, such as running out of resources, environmental pollution and disparity between the rich and the poor, the whole world theoretical circle is re-recognizing and excavating the value of Marx’s political economy.

　　Those who are immortal will be immortal. "For generations of thinkers, Marx has had a very deep influence on world history. I think this is a starting point, not an end." David harvey, a professor at City University of new york, said.

　　2. Casting the ideological code of "China Miracle"

　　Marxism has profoundly changed not only the world, but also China.

　　This land, which has been carrying out the "most courageous system experiment and development practice" in the world for nearly 40 years, has attracted the attention of Chinese and foreign experts attending the meeting with its remarkable achievements — — They want to explore urgently how to unlock the ideological code behind the "China miracle", what China’s exploration means, and how to think, interpret and lead the times under the guidance of the Supreme Leader’s New Era Socialism with Chinese characteristics Thought after several rounds of alternation of highs and lows.

　　"China is a real role model for us." Sharif Mohamed Fayyad, a member of the Political Bureau of the Egyptian National Progressive Unity Party, believes that the reason why China has achieved rapid development in the past few decades is that the Communist Party of China (CPC) has continuously promoted the China of Marxism, combined the specific principles of Marxism with China’s national conditions and built Socialism with Chinese characteristics.

　　"The 40 years of reform and opening up is a process in which the Communist Party of China (CPC) people constantly apply and develop Marxism, persist in and innovate Marxism, and form China Marxism in the course of Socialism with Chinese characteristics’s construction and development." Gu Hailiang, a professor of Boya in Peking University, said that Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era is the latest achievement of China Marxism.

　　Wang Shuyin, Dean of the School of Marxism of Beijing Normal University, believes that the living soul of Marxism is a concrete analysis of specific problems. The supreme leader’s Socialism with Chinese characteristics Thought’s accurate grasp of China’s basic national conditions in the new era and the correct judgment of China’s major social contradictions in the new era are the profound reasons why the Party has formulated the correct line, principles and policies, made great historical achievements and pushed Socialism with Chinese characteristics into a new era since the 18th National Congress of the Communist Party of China.

　　"the Communist Party of China (CPC)’s theoretical innovation is based on adhering to the basic theory of Marxism. It is not based on the text, abstract concepts or principles, but on the reality of China, oriented to solving practical problems and centered on what is being done. These innovative theories have further confirmed Marxism while developing Marxism. " Chen Xueming, a professor at Fudan University, believes.

　　"The Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era is the best knowledge in contemporary China, because it pursues happiness for the people, rejuvenation for the nation and great harmony for the world. And this is the pursuit of Marxism. " Sun Xiguo, Executive Dean of Peking University Marxism Institute, said.

　　3. China’s solution to human problems

　　Today’s China is approaching the center of the world stage as never before. Today’s the Communist Party of China (CPC) is also putting forward China’s plan for the development of the world and the future of mankind with a broad and profound historical vision, an enterprising and innovative spirit and a big country mind.

　　Since the 18th National Congress of the Communist Party of China, General Secretary of the Supreme Leader has profoundly explained the major initiatives to build a community of human destiny on several major international occasions. Nowadays, this concept has not only completed the construction of scientific concept, but also entered the international human rights discourse system in many UN resolutions. Moreover, it has deepened its practice and won wide support from people of different nationalities, faiths, cultures and regions. At this conference, the community of human destiny is highly concerned by the participating experts.

　　"Talking about Marxism without the bright future of the common destiny of mankind is a dogmatism with no aim at the target; Putting aside the guidance of Marxism and promoting the construction of a community of human destiny, the progress of human society will be lost. " Yu Hongjun, executive deputy secretary of the Party Committee of Peking University and president of Marxist Institute, said that building a community of human destiny not only reflects China’s responsibility, but also represents a new contribution of China Marxism to the development of human civilization in the new era. It is in this sense that the theme of this congress is "Marxism and the community of human destiny".

　　Where is the world going and where is the future of mankind? Many countries hesitate to face the future.

　　"The disintegration of society, economy and politics are the three threats to mankind ‘ Super typhoon ’ The number of capitalist countries that have experienced three major typhoons is increasing, but the bourgeoisie has no ability to stop it, just as they are unable to cope with the financial crisis. " Wadi Halabi, chairman of the communist party Economic Commission, said that only Marxism can point out the way for human liberation.

　　In Ji Zhengju’s view, the "way out" is contained in the community of human destiny. "Building a community of human destiny and proposing ‘ Belt and Road ’ The initiative and the establishment of the AIIB are all aimed at letting the world share China’s achievements in reform and opening up and China’s experience through peaceful means. "

　　"People of all countries should cooperate with each other, establish partnerships and support each other. China’s plan to build a community of human destiny is a win-win policy, which points out that development and progress are the general trend of human social development. " Adhan Saeed, member of the Lebanese communist party Central Committee, said.

　　"In the past, we used Marxism to solve the problem of China. Today, China, which is approaching the center of the world stage, needs to take Marxism as the guide and use Chinese solutions to solve the common problems facing mankind." Chen Shuguang, a professor at the School of Marxism of the Party School of the Central Committee of the Communist Party of China, said: To thoroughly implement the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, we have put forward a plan for developing China, a plan for governing China, a plan for peaceful China and a plan for civilized China.

　　Experts attending the meeting said that with the magnificent transformation of the community of human destiny from China discourse to world discourse, the realization of Marx’s highest proposition of "free and all-round development of human beings" is bright and promising.

　　(Reporter Wang Wei Deng Hui Jin Haotian John Zhang)

　　 The photos in this edition are all provided by Peking University.